Year: 1867

wholly unfounded and it to be regretted that lhe
authors cannot be placed in the Penitentiary.


Lehigh Canal Coal Trade for the week ending Au-
gust 10, 1861: , ro,,


2sGaa sSi 10 ag2,ios liOI OF


Corresponding week last year .S2s6S IA 529'3S2 u


Decrease. .92n Oi 97,22s O5


The following from The London Times OF August
is not without value in New-York:


It is word often used as almost to nave lost lts
force hut it s nevertheless literally true hat iEs pcs
state of the market Is 'unDrecedented ltls
true that twice since the passing OF the Bank c
the bank rate OF discount has been as low as u IS now
but instead Of its falling per cent WITHIN tweyeonm
OF the panic. as 1t has just DONE that depn was 0y
reached in five years after the panlcs OF iSi ana & iso
There is five millions more bullion IN the BANK Ihah
the last occasion when the rate OF discount was as o
and threeand ahaf more than at the previous perl9
Ten years ago there was repetion OF money ana uc
petion Of the nervous power requisite for lts use
That disproportOn is now aggravated to the extent
and three millions of crest" But the Bank OF
England is only one Of many capitalists and money.
lenders and all the others are underblddng u tor
CUSTOM not 10 have their money lie idle in their
Golfers Ii is the OF Midas-gold all around and no
power TO use IT, But 1t Is the same everywhere Mean
while companies without number, and with nominal cap
ita which it is difficult To estimate and scarcely possible
TO oyerstate are insovent ana uhsOe 10 get o d b p
any terms The they ask the less they get ana th
old stock picture so much employed by tne Ieagug o1
huge granaes crushed to the earth Win corn spong
it lay, in the midst OF starving popuaton apphca
BILE TO the London banks N5ser |Gs mere 50 % nen n
people, genee people, Teputedy rich people, are a thef
wits end for the money which they possess III some no
nal FORM but which they cannot sody by any process
and reduce 10 available form. The more money there
is for those who haven't it, So they think, at
least People are all asking the reason OF ths stare 9I
things as wen they may. II can be discovered,


remedy also may be discovered; or II may be shown
that the complaint Is imaginary ana the disorder
has real existence. Perhaps IL Ia the apprehen-
sion of Certainly he would be rash who under
took TO say that there shall not be war In this or next
year. There are so many people just now who would


like France go with Prussia that perhaps the
wish is only father 10 the Il ght or perhaps so many III
wishes amount TO good opportunity, or perhaps wlf
world will have its way and neither France nor Prussia
can help itself But as IL seems 10 u.s. there IL no need
at all 10 speculate the chances OF war and the question
before Of more everyday and homely character
We need not look across The Channel unless curiosity OF
self compacency should lead us To inquire whether our
neIghbors are not very much Ike ourselves The plain
fact is that the British public, which has always under
gone Gibbs and flows OF confidence has lost altogether
One has read In old books of the Thames having occasion
ally eDbed SO low tnat people could Walk across az tne
bridges. Had the river ebbed fast that this could he
done hour after high water, that would be fair EN-,
current Absolutely dry. II mountain torrent only
year and a half ago. u is now mud and stones, the
debris of thousand disasters. But the element Is
moral not material. and when we look about for the
region where the element OF confidence 10 De found
we must look rather VIDE ana perhaps we ought 70 ad
rather low down. for the stream that rises and falls and
that gives once in ten years an nundauoD once IN ten
years drOuth but which certain class OF engineers
know well how 10 utilize There Is no chapter OF our
history and condition so SAD ana so painful 70 De toid.
We shall not pretend 10 enumerae the eassesthey nave
often been enumerated and the enumeration has been
tested and proved by many list Of ruined shareholders
The fact itself is enough Avery large proportion OF our
wise, prudent moderate. contented and most Christian



ris for somewhat better interest their money than
they obtain from that cose listed funciionary the
Chancellor of the Exchequer Whatever they have they
want n little more-just little more for charity,
then little more for themselves. and 80 on But
somebody II their friends recommend prudence
friends don't always do so-they look ont for somebody
own nclnations and they seldom fail 10 find one But
how should they know anything poor things-and poor
ways with dozen extensions, dozen or more Acts OF
Parliament and dozen varieties Of capali How should
they know anything about foreign loans about foreign
CITY Improvement companies about mines home or for
egn about hotel companies, about IGN Irrigation ana
canal companies about packet companies about finance
companies and banks with branches an rouhd the Wofd
and how they measure the special circumstances un
nnder dozen different names reduced offer nearly
twice high a rate Of interest IA the Chancellor Of the
possbv know anything about theee things All their oc-
cnpations Of mind and body heart and SOUL are adverse
to the close and suspicious scrutiny necessary Tor large
and hazardous mercantile transactions II they have
heads for them by all means let them give the nation ny
well as Themselves the benefit OF them for we have not
too many people IN this country VINO understahd We VIII
cav the affairs OF the London, Chatham and Dover or
the North British the Great Eastern. But the
very best heads In the country whether IN Lords OF Com
mons In courts, or In the city confess Themselves
unequal 10 the work Of understanding these companies
and restoring them TO lie ana order These however
the classes-we must not specify them nor need
ebbs and flows so marvelously. Just now, 1t must
be added, they have spent most OF their money
beyond the reach Of avace they could not be again the
victims of excessive or misplaced confidence. But there
There is all this In the bank and Ill the
city many millions more than AT any former crisis
Of this kndf Yes there Il; but venture 10 submit
that the greater part Of this central belongs
not TO the dupes ready to Ming away their savings
on any venture however out OF their own line and past
their understanding but those whose experience and op
pOrtunes enable them 10 take wiser and safer position
In such specatiOns This, however they cannot do I'M
not and need not specify WIZ come forward IL Is they
that the harvest for the professional capitalist AT
present they prostraed and exhausted They have
neither money nor courage They disabused OF their
old dreams, and have not spirit or the means for more


Mr. VIM z. Wright in his Cotton Circular, says:


During past week have continued 10 receive ad
vices from the South speaking favOraby OF the growing
cotton and OF It's improved condition since the rain ceased
and fine weather set In. Little damage was done by the
pated the of damage by thus far at least
Planters in better spirits and hope TO make good
From Louisiana alone do receive gloomy accounts
She must fall short materially and may not give as much
some very good Receipts for the week under re-
creased for some weeks The cotton In the interior is
pretty well cleaned out and we shall begin the new
son with smaller amount In the hands OF planters and
smaller stock at the ports than have been the
case for many years. Exports for the week
are light, aud must, from the exhaustion of
Continue on very limited scale for weeks. The
early receipts the crop Will be sought after by
SSefs T be nSe
that during the remainder OF 1861 our export OF cotton 10
Europe may be less than in the past few years SO far
total export does not much from last
year; rather less TO Great Britain and France but con


siderable increase 10 other foreign ports The feature.
as reported by mail are the operations OF domestic
consumers In nearly all the Southern markets spnners
cot somewhat alarmed at the very steady reduction Of
fhc stock In the country, and seemed determined TO
secure supply sufficient for their wants until the
crop received hence the active business during the
naf few weeks and the advance In price. by telegraph
we learn that the markets have all become quiet again.
buyers both foreign and domestic having Withdrawn.
Some decline has already been submitted TO- The better
accounts of the growing crop are not without effect
prices.


Mr. X. J. Capron, of the firm of Scott, Capron &
Co.. has been admitted to membership of the regular
Board.


THE MARKETS.


tCAr,hIy reported for THE TRHuSEl