The accounts from New York, to the 16th ultimo, represent
the state of money matters as improving. There was no longer any fear of the ability of the banks in New York and Boston to continue specie pay- ments. The cotton crop was coming in ; and, in contradiction of a rumoured deficiency, it was known that the quantity would be very abundant. The price of flour was rising, and an advnce of 121 cents per barrel—from 6 dollars 12:1- cents to 6 dollars 23 cents—Ina been realized.
The elections in the State of New York had terminated in givinga majority to the Opposition party ; but it was generally expected that in Congress Mr. Van Buren would have the predominance, and that his candidate for the Speakership of the House of Representatives would be chosen. In Pennsylvania the Van Burenites were triumphant ; and it was feared that they would act harshly towards the banks.
The Indians on the frontier were likely to give much trouble. - Not only in Florida, but West of the Mississippi, wars with sonic tribes were expected.
Previous page
