Show PRESENT FINANCIAL ASPECTS OF 07 THE UNITED STATES after glancing 11 at previous prosperity the lie writer cona continues as follows such was the he state I 1 of the country six or eight months ago what is isnow it now the united states has been visited by an unbroken series of public and private calamities such as we have scarcely ever witnessed witness pd beginning in the winter of 1853 4 we had in in quick succession the destruction of the largest printing establishment the largest chupei ship and the finest hotel in thi the world destructive conflagrations visited most of our other large towns our coasts were strewn with wrecks our steamers were either burned or disabled at sea our clipper ships nearly all of them came home in in a leaky condition biti on and it is is safe to say that the losses sustained ti 2 by the united states from these causes alone can hardly be estimated at less than fifty million dollars next came and by water it has been the most unhealthy summer the united states has known for a whole generation the cholera has spread all over the country carrying off thousands in places that have been noted lor for their salubrity while its ravages along the avenues of internal communication and in large towns have been f frightful and at the same time the lenden tendencies cies to disease and the preliminary or alarming symptoms have been so general that few p persons dersons on the continent have entirely escaped next came a withering drought that scorched tile the country with few and far intervening see sec I 1 tibbs from one ocean to lo the other it has been the wriest wryest drnest summer take the country through ant has ever been known from the e till the latter part of August cherer were whole states touching bac each h other in which a shower show did no not t f fall a ih the e great griak wheat crop was brought forward rather prematurely and the large prices of last year stimulated a d vast increase in sowing and besides feeding all our own people and halt half a million new comers from the old world every year we always relied upon a large surplus for exportation Nea nearly the entire early potato crop has been cut off and potatoes are now selling in new york for a dollar and a quarter per bushel this is almost as important a crop to us as it is to ireland for the he consumption enters largely into the feeding of swine and other animals it is early yet to talk about the cotton crop and I 1 shall shortly devote one letter to that subject tut but the belief is now general that the crop will fall all at least several hundred thousand below the estimate last spring taking all the products of all the crops those who have devoted most attention to the study are coming to the conclusion that the yield this year bear will turn out to be a clear ave average rare of twenty per percent tent deficit I 1 I 1 but the public and private credit of the country and perhaps the prosperity of the nation have suffered a still heavier jiow blow from another quarter than by the combination of all the evils of which I 1 have spoken I 1 allude to the stait startling ling and stupendous frauds and defalcations which have astounded toun ded mortified and grieved the nation the rhe immediate result of the discovery of the schuyler fraud alone shook the th whole commercial fabric and men stood aghast in in terror but it was immediately followed by other revelations in in quarters quite a as little expected the later results of these villainies villa inies are being felt leeper and deeper deeded every day public confidence has been weakened eak ened in eveia every range of business I 1 in periods period 0 or speculation lation and especially in in all I 1 communities iti ies like our own where e there is mo more I 1 energy than capital capita but where there is is ability i under wise management to redeem all obligations there is is a large class of interests and dundei takings which to be carried through c I 1 cess fully emust be buoyed up by the enst sustaining influences of commercial commer cid confidence lit in this country these interests interest which are so 0 o vast have hae I 1 all been struck down by thee visit irions of providence vid itice I 1 call them so because they seem in in the terror that they inspire and the ruin ruin they have worked to partake of the solemn attributes of j the cUrses of god new york yock corres correspond pon dent anti of fhe daily I 1 news oct I 1 11 1 are you yon beginning to realize and I 1 led geED I 1 |