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Note 2. A curious proof of this system of hoarding, which immediately took place upon the bank stopping payment, was told me by a gentleman from Baltimore. He went into a store to purchase, as he often had done, a canvas shot-bag, and to his surprise was asked three times the former price for it. Upon his expostulating, the vendors told him, that the demand for them by the farmers and other people who brought their produce to market, and who used them to put their specie in, was so great, that they could hardly supply them.
Fifty years ago, New York was little more than a village; now, it is a fine city with three hundred thousand inhabitants. I have never seen any city so admirably adapted for commerce. It is built upon a narrow island, between Long Island Sound and the Hudson River, Broadway running up it like the vertebrae of some huge animal, and the other streets diverging from it at right angles, like the ribs; each street running to the river, and presenting to the view a forest of masts.
There are some fine buildings in this city, but not many. Astor House, although of simple architecture, is, perhaps, the grandest mass; and next to that, is the City Hall, though in architecture very indifferent. In the large room of the latter are some interesting pictures and busts of the presidents, mayors of the city, and naval and military officers, who have received the thanks of Congress and the freedom of the city. Some are very fair specimens of art: the most spirited is that of Commodore Perry, leaving his sinking vessel, in the combat on the Lakes, to hoist his flag on board of another ship. Decatur's portrait is also very fine. Pity that such a man should have been sacrificed in a foolish duel!
At the corner of many of the squares, or _blocks_ of buildings, as they are termed here, is erected a very high mast, with a cap of liberty upon the top. The only idea we have of the cap of liberty is, the _bonnet rouge_ of the French; but the Americans will not copy the French, although they will the English; so they have a cap of their own, which (begging their pardon), with its gaudy colours and gilding, looks more like a _fool's cap_ than any thing else.