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Morning herald. (New York [N.Y.]) 1837-1840, August 03, 1837, Image 2

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M O R N 1 NG 1 11 : R A L I>
What will Cqukk"" do I
This question slill agitated the public press and the
pabtic mind. Every day a little new light is abed ovei
the subject, and, by the tune thai emigres* meets, it is
probible that so.ne general leading views will occupy
the thick heads of all the great tnen of the nation.
A* tar as we have discovered, from the leukage of
political fools, it appears that, in regard to thecurreu
three diflerent views are taken by three different
part es, interests, or cliques of men.
Prom die tone of the government pi in is, which are
geuerally conducted by lazy fellows, it would seem
that an entire separatioH of the public finances from
eoiuuiercial bai.-ks is to b?s the measure of the session.
This patty ? generally called locofoco, radicals, ring
tails or rascals, as the case may be? advocates the
organization of the Treasury on a new and distinct
baeis ? making the custom houses the places of depo
sit?and drafts from point to point, the "new and
better currency." A large portion of the government
party is in favor of this scheme? but the business men
among them, though less noisy, are decidedly in fa
vor of a new national bank, constructed like those
formerly in existence. In favor of a new bank, with
its head quarters located in New York and New Or
leans, th?re is a numerous portion o? the opposite
party who care nothing forjjol tics and party, if they
can get money and musu;. Indeed, ail the commer
cial interests could be made, sooner or later, to unite
id such a scheme ? Iwr merchants will alvviys go with
those that will act on mercantile principles. There
is, indeed, an active portion of the opposition and
commercial interest in favor of readopting Mr. Bid
dl?'s broken bank, tit hi r in the form of a resolution
making it Ike deposit bank, or by washing its face,
^ivwig it a new petticoat, and granting it a new char
We do not boli ve, however, that this ialter sehtnu?
will ever succeed in the present stataof parties; nei
ther do we believe that an entire s.prtra ijn can 1?
lifocted between the government and all banking in
sututions. The resuscitation of Mr. Biddle's bank, or
ths adoption of Mr. Silas Wright's plan to c;ist off all
banks, are the extreme points of opinion, and possess
few of the attributes of ultimate success. A tieie bank,
If a I ?. rife capital, the une head ijuarters in New !
York, the other i/: A'?tr O. leun ?, in t'icoiily ]>ln n that
w7/ ultimately carry the day. Possibly we must suf
fer (he evils of the present slate of things a little while
longer, but, sooner or later, the country will come to
ihat conclusion, so fir nsregaids the currency. We
may as W( II dream of love without woman as of a
*{ixk1 currency without a natonal bank.
But there is another question of even a* great, ii
not greater importance than that of the currency or a
new bank. The revuhion lias already overwhelmed
thousands and thousands in bankruptcy and ruin.
Unless great care is taken, we shall have a ai mlar
"scene next fall? and probably as many bankruptcies
and lnilnres, in November and December, as we had
hi April and May. This large class of men are gener
ally active, intelligent, and useful. Their debts and
engagements, however, rend r all their intelligence
and ail their knowledge, comparatively useless to their
friends or to their famil es. At this moment, our for
eign creditors could immure in prison a large portion
of the unfortunate merchants in New York. The
laws of one state, for the collection of debts, are dirt*;
rentfrom those of another, and again the laws of the
Uuited States vary from all.
The evils growing out of this state of things ate now
probably, or willbu soon, greater thin the naked evils
?ffailurc and bankruptcy. Tlie stale of the times ?
the pressure in the money market? the destruction of
the exchanges, locked up a merchant's property in
different parts of the country, but only locked it up for
a time. The want of a general bankrupt law? and
the multiplicity arid conflicting nature of state laws,
look up hn mind? lock up his talents? loek up his en - ;
crgy- lock up his knowledge lock up his very intel- j
inctual faculties "as tight" as a merchant said the
o'.her day, on 'ebannei ' as tight hs be dainntd."
We want, therefore, a general Bankrupt Law, by
lite action of Cons? < 3S, in a greater degree1, than per
haps wc want a National llank.
The old obstacles to such a measure? n bankrupt
1 1 w? may be broight up in formidable array, but it is
to be hoped that the necessity of the times will de
vine aoine ^ymeia pilatalile to all. On many occa
sions a measure of this kind has been defeated, by
br ngin^ the prejudices ?rf the farmer in conflict with
the interests of the merchant. A compromise, how
ever, might be effisctod. Let a general Bankrupt
Law be enacted for the large commercial cities, arid
after a little experience, it any whole state require it,
Us provisions can be extended to the extent of their
We have some reason for believing that tluss ibject
?a Bankrupt Law ? will form the great staple of
President Van Huron's first dull Mi usage to Congress.
He will avoid, n < much as possible, g vmg any distinct
?opinion an banks or currency, because he is an arrant
coward in a crisis, unless it be a rrinis among Kindt r
hook fCahbiteh> s, hut he will enlarge at con?idershle
length on the necessity of a general bankrupt law, as
Che great healing measure- the very "universal vege
table pill"? for the casua ties produced ?>y the catas
trophe of h s Safety Fund System, and the entire die- ,
mption of his valuable experiments on the currency. ]
The * author o! the letter to Sherrod Williams, " per
Aimed with Cologne water and twirling hisredwkisk- i
era, has already thia portion ?f hit. Message nearly
noanoctcd. It is true the sentences are not yet arran
ged?nor the gram mar corrected -tior the 'Vommas,
?NMitcolons, colons, and full atopa" put in, but wc
have the gratification toleain that the R. vrrend Ben
jamin F. Butler, Attorney Mineral of the United
States, as soon as hostnll have finished his pious
prayers o\?r the Regency, will jtive these last finishing
W*nh?? 10 the great "burster" of a Message on Mon
day preee 'ding the meeting of Congress. Amen.
Pa bti.t Rioht? l*afcTtT Waowo.? The proceedings
oftb* Lighih Ward repuMicsns have be?n publish* d
Tfcey are against lb Suspension Law ? against the j
?nnry Law? ?gait, sf the Morig.g,. Law. Inthtathey
sre nglit. They are against a tiationnl bank , but here
they are wronj. It is vsry evident that the people
will not support the legislation of laie years.
Unless the " old n publicans'' move rspidly and
Usarlefsly, thoy will be crushed to the earth hy the
overwhelming force of the young ones. Not a mo
wesit s to be lost.
Cmobch UuAsr rls ? The qearrel in the congrega
tion of i he German Reformed Church, in Forsyth
strret is a contest net ween the Lutheran and Calvui
mur parties.
LanoLoatMi? Rr.!*TS.- There has been a great deal
removing wuh.n the last few dsys. Empty stores
and hotis s ire pl< nty, and n nts lower than ever. A
?complete revolution.
B?avo-? The Rostoi, printers hsve made up a
jmree of more ih in 1100 fur p .?r Woodworth Wfc, n
u the hen -fir io take place. Call a me<*utg -eho*?se
? nnmmitiee of arrangements, snd do something ?h
?4es talk, talk, talk.
Resumption of Spool* Poymoat*.
We learn from the must authentic ??urre, having
seen t lit; solid stud surself, that the North River Bank,
thi? morning, paid Mr. Lyman Whipple ??."> ?"> their
nolo*, aiul #20 beside* in interest ami coata.
This is one of the suits that was brought against the
North River Bank for the retevery on their notes. The
money was paid in half dollars.
This scut was commenced a fortnight ago agaisst
the North River Hank. On the first application of
Mr. Whipple, ?r his agent, for the redemption of their
paper, they were treated very kindly by the bank. ?
"Call ngain, and we will pay yon." Mr. Whipple did
call again? but by this time they had screwed up their
courage to refuse, till they saw the issue of the case of
Mr. Windt against the Commercial Hank. When
this honest verdict was returned, the directors were
thrown into a dilemma, and did not know what to do.
In this new difficulty John C. Morrison, Esq. of
(ireenwich street, advised them to pay the demand ?
that honesty was better than shuttling ? and that the
community would not stand loo much. This good
and seasonable advice was taken. Accordingly the
North River Hank paid over $85, as we have already
stated, being a dead loss of 920 for refuting to be hon
est at the first call.
It is highly probable that many otiier bunks will
follow th.s salutary example. We know the Man
| hattan Hank lias already b< gun to pay in specie. The
| banks will not be longer tolerated in d shonesty. Let
them pay out every dollar, and when all is gone, let
them take their immense profits and get more. It
would be much better for the banks to combine and
resume at oncc, than waste their funds in suits and
guirella warfare. We know of many individuals yes
terday, who intended to make calls on the banks for
specie ? or, in default, immediately begin suits. There
is no hope of any jury in New York siding with the
bank?, and the courts of law, from the highest judge
to the lowest, (hire not do nt their 'peril? dure not ?
dure nut? dure not? dare not side with the dishonest,
broken bunks.
> Impudence. ? Some fellow in Wall street has com
mitted theft on my countenance, and actually stole
j my features, sq iint eye and all, and is now selling it
1 and making money out of this piece of grand larceny.
He has even had the impudence to advertise ma and
say that it is a good hkenuss. Now I have just seen
this likeness and pronounce it no likeness at all. It is
a carricatura. He puis my magnificent squkit aye on
the wrong side of the head, and be ****** to hirn.
Now this is so novel a species of outrage that I
1 scarcely know what measure to take. I must consult
my friend J >lin Hi<rg?rty. 1 have a great mind to
have him indicted for grand larceny and libel. The
. fellow, too, has the nonchalance to say that he took
the likeness ivhen 1 wan sitting with my hat off on
boa d a steamboat at a regatta.
I have been long afraid something was in the wind.
On several occasions, recently, louters came asking
me if 1 would l.ke to have my likeness taken.
" Certainly not," said I, " what want I of a like
ness when 1 have got the original I"
This provoked them, so they went oil.
Another loafer come to me one day and said " Mr.
B. I kav- a f.wor t ?> a*k of you,"
" Well," said I, " let me heat it."
; " 1 want to take your head."
" The devil you do said I lookflnw up in astonish
ment. u You are certainly very moderate in your re
"I'll do it in no time," said he. "I'll lake your head
ir ten nunuies."
" I have no doubt of yo^r despatch."
" Why," said he, " I am going to take the head of
Webb and Noah, and all the distinguished men in the
I stared at him. " Well, sir, you may take the
two heads of my old friends, for I believe there is not
inuchin them, whisker* and all, but as to my head I
can't spare it yet. I have got several ideas for the
good of mankind? and particularly womankind ?
which I want to brm ; out, before I can give it up.
I can't give you my head."
" Lord love you!" said he, "1 am a phrenologist ?
I oaly want to take your head m plaster of Paris."
"Oh! you are one of those humbugs called phre
nologists, are you 7"
" Yes, I am."
" Do you see that door ?"
"Cenainly? I have a keen eye."
II Very well, it leads to the street? go ? go ? go ? go
?to the devil if you please."
And to the devil I believe ho is gone. He certainly
shall have no head of mine, and as to the painter,!
shall go before John Haggerty'a grand j try and have
the fellow indicted.
How is This?? We learn that the mechanics a^d
laborers at the Navy Yaid, in Brooklyn, are paid in
bank paper, worth ninety cvnts in the dollar, in place
of Benton money. The honorable Purser, James M.
Flalscy, Esq , declined to participate in this fraud on
the hsrd working mechanic for some weeks, until or
dered to do so by those who take the responsibility. ?
The difference in value betw* en rags and specie must
find its way into the pockets of those who have the
fingering of it, before it reaches Mr. If. How is this ?
O 'tis Love.? Charles Newcome, a sailor, of Bos
ton, was found down by the dock, suspended -lo a
chain cabla by his handkerchi* f. Not being quite
dead, the watch look cnie of h;m. He repeatedly
tried to strangle himself, and all that could be got out
of him was? I love her? I love her? and I'll die for
her. A hick of his girl's hair was found in one eor
ncr of his handkerchief.
Politeness, ? To invite a guutleman to a public la
bia at a hotel? place him in the midst of a party of
gentlemen well known to each other? leave him to
the mercy of ibe servants? allow him to find hisown
wine and segars, and desert him in loto Is this the
custom North of Mason and Dtion's line? Oodfot
bid 1
Yale College ? The commencement is to be on
the ilurd Wednesday in August.
Lebanon Spsino", July 29. 1837.
Ma. J ames G. Bennett ? Dear SSir, ? You will
please foiward your paper to me for the next three
months, as many of my t??arders nre continually in
quiring for the Herald, .md in our mountainous coun
try we have not been enlightened by your always
??rig nal idi as. I ft el that I should be pleaasd to rp?d
your invaluable paper as well as to contribute to the
graiificad' n of my numerous boarders, and at the
sumo lime would be pleased, if your lime will allow, io
see you with us for your pastime, knowing that to
such an imsgmstion as yours it would l>? particularly
gratifying lo behold ihe magnificent scenery (hat na
ture ha- granted lis. Your ob't serv'l,
Wm. n. Rinti r.
P S. Send the daily Herald.
Afswaa ? I should be very much pleased to send
th" I lei aid io Lebanon Springs, f>r lbs gratification
of Mr. Bentlcy and his numerous vis, tors, but one little
Circumstance pn vents me. I do business on theca^h
system. Mr. B. forgot to send the money in advance
f r the time he wanted. Under these circumstances,
if Mr. B. were an angel from heaven, and Lebanon
the garden of Eden, I would not send him the Herald.
I s'aned in newspaper enterprise on eertain prinei
p'es, and I will not change thorn for soy considers
iwn, or any rcsson.
Tnu RcU(iaiia
NiwYmi, July, 1837.
Dear Sib, ? You prvfess to be an admirer of the
/air atx. Be that aa it may, you can have no objec
tion to gront us ladu s, of thia city, a great favor. It
is this? that you will not make mention of Religion
in ao light and irreverent a manner. We are all in
clined to think that the organ of veneration ia to be
found among tbe missing in your cranium. If you
grant thia request, you will please all (think of that,)
your female readers, and the greater pari of your male
ones. Julia.
Answer. ? The lovely Julia is under the influence
of one of the vulgar notions of the day. 1 never men
tion religien in a light and irreverent manner. I sa
tirize the errors and foolcriesof pretenders to religion;
but religion ? religion itself? religion in its natural and
original purity, amiable and lovely a9 the maiden of
sixteen- -is one of the pure and deep rooted elements
of my soul? of my very heart? of my luart of hearts.
From my earliest infancy i was religious ? not in the
absurd ways of enthusiasts and bigots. When a mere
boy, I used to abandoned my playfellows, wander
miles over the heath clad moors, and look around upon
the sky receding bef"ie me, exclaiming ? "whatnn
emblem of eternity spreads before me! Oh! that 1
had wings and could explore those happy regions!''
On other occasions, 1 have plunged into deep ra
vines, screened by "thesaughs and fivan busies,"
from the noonday sun, and then clambcring over the
rocks, or chasing the little golden colored trouts up
and down the pebbly stream below, think of God, of
eternity, of Jesus Christ, of the Virgin Mary, of all the
holy saints and apostles. In those early days, all the
beauties of religion enraptured my mind? not the
fooleries of free will, or the fantasies of predestination,
or the bewilderments of necessity, or the flames of
hell, or the pains of damnation. It was the beauties
of religion? not its horrors ? that 1 saw and read in
the history vf the Son of Man. His picturesque wan
derings ove- the mountains of Judah? his familiar
blending of sentiment, wit, pathos and philosophy in
the cup of human life? the softness and sublimity of
his unapproachable character? these were the beau
ties of religion which 1 studied. The little incidents
connected with his beautiful Virgin Mother ? the
venciution and love he bore towards woman? th?i
mixture of moral dignity and withering sarcasm? of
high purposes and scintillations of wit and sentiment
? all had their early attractions for a heart and a soul
that began early t? despise the corruptions of the Ca
tholic as well as of the Protestant church.
My fair correspondent Julia is toomuch infected with
the corrupt, loathsome, pitiful taste of the age. Look at
the practical effects of what are called the mysteries of
religion on the conduct of man. A conclave ef holy
bishops in Baltimore discussing the a?es of their
housekeepers ? or a convocation of venerable presby
ters in Philadelphia, denouncing each other as tho
beath< n for the difference between "tweedledum and
twecdledec," ? or a congregation of pious Lutherans
and Calvmists creating a riot around tho pulpit in
New York, and thrashing each other like loafers at
the Five "Points. Can this be religion ? Can this be
piety? No ? no. It is the vulgar passions of man,
vainly attempting to deceive and cheat the woild
into a belief that they arc fighting for religion.
I must be permitted by fair Julia to enj iy religion
in my own way. Because I mix religion, sen'imeut,
and wit in the same cup, it is ignorance and corrupt
taste to call it irreverence. I might indeed, like the
fools of the day, unite religion with dalness,
pride, ignorance, presumption, avarice, speculation,
long facets, and longer prayers, but t,uch was not the
religion of Jesus Christ. The Protestant religion is
conceived in the metaphysical spirit of St. Paul,
who was one of the moat exquisite literary loafers
and penny-a-liners, in the age of Tiberius Caesar ?
full of verbalism, pride, absurdity and self con
ceit. The Catholic system is part and parcel
of the mind of St. Peter ? a good hearted, zeal
ous, reckleaa blockhead? superstitious, vehement,
irrational, and sametimca pathetic, aa when he burst
into teara after denying his Lord. Only one of the
apostles ever rightly caught the spirit <f his master.
He was John. That spirit is conceived in truth, beau
ty, pathoa, imagination, love, philosophy, nature, sen
timent, wit, and poetic mystery of the most heavenly
Can Julia now say that I am "irreverent on reli
gion 1" Does she understand me?
By tit* Southern Kxpress.
We have date* from New Orleans to the 26th of
The New Orleans Herald is in the agonies of death.
A fireman on board the steamer Geo. Washington
was drowned on the '/6th.
The Tcxinti Minister Plenipotentiary to Great Bu
tain, Mr. Henderson, is in Mobile bound for Englund.
There is some doubt in the mind oi the editor of
the Mobile Chronicle as to the constitutionality
of a Hank of the United States. Wonderful ! Are
the Stale banks constitutional 1 Answer that with
the constitution before you 1
In answer to the rumor we gave in the Herald about
Mr. Van Huren applying for the hand of Victoria, the
Augusta Chronicle adviaea the President to doffhis
claret colored whiskers if he wants to unite theancient
house of Kinderhouk with that of the Royal Hano
Freights on cotton to Europe are rising in New Or
The Bulletin says the city is as healthy as in mid
winter. The thermometer rsnges at 90 in the shade.
The sale of the effects of the bank of Maryland
was te take place on the '2d inst.
[ Corrr upendesce erf the MorniBff Hrralri. |
Nsw Orleans, 24th July, 1B37.
All hot! hot I holt We are dwelling in such a high
temperature here, that I hardly think your fire king
Chabert could inhale it without puffing. We are
absolutely melting, but as we have nothing else to do,
there is no sympathy shown to our condition. Of our
money affairs, little can b? said for little is doing, and
less is circulating. For the ordinary purpose* of bfe,
away from more marketing, it is scarcely possible to
obtain a dollar. If a debt be demanded, the invaria
ble answer IS ? I bavs no money! If a loan be so
licited, it is still I have no money! If change for a '
large note be wsnted, still is heard the hackneyed re
sponse? I bave so money ! Every body who can is
going out of town, and with them, all our fhin plas
ters! In this classification I merely include the indi
vidual notea, and bar tickets. Our throe municipality
bills paaa as freely aa silver, and ara driving all the
irresponsible rags away. Fifty thousand dollars were
appropriated yesterday for the completion of the im
provements already in progrcaa, to form proper
wharves and landing places, to our portion of the city,
and b? it remembered it ia only one third part. So you
see, if private purses are low in supply, the public
funds continue pretty flush, or, at Icaat, that improve
ments are not allowed tostsnd still, or even languish
for want of means. Our Banks remain in statu quo.
No pnblic movement has occurred, and no private ar
rangements have koen allowed to leak out. The
opinion I gava you before, that our legislation will do
literally nothing, ia gaining ground from all I see and
hear. Its members are too deeply implicated to leave
tb??ir hands free. The big bug*, who firat howed to
?he storm, snd whose only creditors are the Banks,
(but then tbey are in for it to an enormous amount),
bav already obtained extensions, for 12, 15, 18, and
24 ni nibs, and some sven 3 years ! If then these
delinquents cannot be tnade to pony up, how ein the
Bank? resume whose funds are in their hands 1 Nor
ia it likely the Legislature will compel them to stop,
since a itch an act would compel the legislators to
pay! TIiib, at present, they cannot do ; therefore the
probability ia, that our law givers, good Jackson men,
will follow the example of those in Alabama, and le
galize the swindle for the most convenient period.
Quite Comfortable. ? In the centre of the cotton
district of Mississippi, from March to July, the ther
mometer did not rise, at any time, to 90.
\y The BaliimoreaHS are getting on finely in hor
ticulture. Their last exhibition was worthy of the
Jjr* When will the Rev. Colonel Stane give over
tickling pretty Maria Monk 7
"Variety and excitement seem to be the very es
sence of life." ? Evening Slur.
Common Coi-ncil, August 2d? Board of Aldermen
A report was received from the Committee on Fire
and Water in favor of building a new hosj house for
csmpany 13 ? adopted.
Another from the l'olice Committee in favor ef pay
ing the day officers of ihe Sixth ward ? adopted.
Another from ilir Street Committee in favor of re
scinding all proceedings passed in relation to widen
ing Stone street ? the pressure not allowing the own
ers to meet the expenses necessary for such improve- I
ment? adopted.
Anothtr from the same, in favor of improving j
James slip and repaying South street ? adopted.
Alderman Hoxieoll'red a resolution, that t lie con
tact entered into with the trustees of the Brick
Church, in Nassau st. ? that is the resolution autho
rising such contract? be rescinded.
It was moved that a reference be had ? lost.
Alderman Bruen said I am against the resolution.
The Corporation have made a contract with theown- |
ers of the Brick Church. They have entered into a j
contiact to pay them $130,000. This contract was |
made in good fuith, and th trustees con It compel the j
Corporation to fulfil their agreement. The resolution j
was lost.
Alderman Varian said? I have been a member of i
this board for nearly five years, and I never remem
ber to have knows a refer> nee refused before. It !
sceins to me a very strange proceeding. I demand j
the ayes and nays.
Alderman Hnxie replied. He said he coald notdis- |
cover why the contract should be fulfilled. The offer i
was made to the trustees of the Brick Church when
every thing was high ? now property had fallen, and i
tie thought there was no obligation to pay this money, i
1 am one xchat docs not believe this property to be 1
worth the money.
Alderman Varian said he could find a customer who ;
would give $25,000 more, if the Co poratwn would j
eon way th<' property.
Aid. Brady said. I see the plan. I see the plot.
This property is to bo abandoned and the uptown peo
j pie are not to lie accommodated with a post office. ?
They pay the tax. s, at least their share of them, and
they have a right to some accommodation. The
Common Council would be disgraced. I sec no rea
son why we should be branded with infamy and dis
grace in not fulfilling our engagements.
The yeas and nays were then called for. Several
answered to their names, but when Aid. Brady's
name was called he said he hoped to be excused.
The question being put the Alderman could not be
Aid. Brad>? I vote in th- affirmative. The ques
tion on a reference was lost. It was moved that the
Board take a recess.
The Alderman of the first said "I shall cut stick."
Thereupon the Sergeant- at- Arms was ordered to
stick to him and prevent his quitting his Beat. This
was a good order, but before it could be executed the
Alderman bolted. The Sergeant-at-Armsgave chase,
but presently returned and informed (he Board that
the Alderman of th - Hirst could not be found.
The Board then took a recess.
United States District Coubt.? ' The only busi
ness of any importance was the arraigning of the crew
of the ship Manchester, against whom an indictment
had been found by the grand jury for endeavoring to
create a revolt on board the said ship. Abner
Mackay, George Lewis and the others pleaded not
A seperatc indictment against Mackay has been
found tor an assault upon the mate. To this, upon
being arraigned, he pleaded not guilty.
The witnesses against these men were Wm. King,
the mate; Anson Carson, the Stewart; and John
Shaw, the cook. The trial is expected to come on at
an early day ? most likely this morning.
Police, August 2nd.? Lubbers? Patrick Fallon, |
Henry Brcnaon, and (i?)orge C. VValdron, employed
on board the ship Vickuburg, were arrested on a
charge of stealing from the veasel a quantity of new ;
suits of clothes, shirts, &c. The robbery was perpe- |
trated during the time the greater part of the crew ,
were ashore getting their grog. VValdron took the I
trunks from the hold which contained the clothing,
and passed them between decks, from whence they
were carried to the for* castle, and there broken open.
A. M. C. Smith having received information ot the
theft, set about discovering the thieves, which he was
not long in accomplishing. Brennon and Waldron
were ariested, and they confessed the robbery, and
implicated Fallen, who was soon after also appre
hended. At first Fallen denied all partic:paiion in the
affair, but, after being examined, he also made a con
fession. The greater part of the property has been
recovered. The three accomplices are all in safe du
A Deceitful Parkey. ? Elmira Proserpine Tr? ad
well, who has been walking all away for a length of
time, was brought up by officer Madden, charged with
purloining the watch of an admirer of h' r's, named
Titus Davis. Tims, it seems, was out on a cruise,
and falling in with Missee Trcadwvll in Cow Hay,
took her in tow, and dropped anchor at the abode of
the lady, where he remained for some time. When
he departed, he found hi* silver watch, worth ?20, was
missing. He made known his case, nnd the damsel
was taken into custody, and the watch found upon her.
Missee Klmira Pnserpine declared Titus was so
overcum'd that she thought he would certainly loss
his watch, and so took charge of it, intending to ru
turn it to him the next time they met. " Miss Tread
well" said the magistrate, " you have taken a very
bad step? you must go to bridewell." 80 she was
sent over.
All Out. ? Mr. Reuben Smith, who keeps a Carpet
Store in Peart street, becoming weary of wsiting for
customers what didn't come, on Tuesday afternoon,
went out. His head clerk, following his employer's
example, also went out. The junior clerk, after de
liberating what he should do, went to sleep A loafer
passing by, snd seeing how matters stood, went in ?
went to the till? and went away with its contents,
about tf)0
I'Ouk Branch*
"I havr Invrdthee! Ocean! *?k! my jny
Of yotifMul ?nort>, ?m on thy brftM ion:
Born*, lihr ihv b I Miles, onward ; from > boy
I wantoned with iliv l>rraher?t Ibey to ?*
Were a delight ? flr ?*
This delight, and all the fresh feelings of boyhood,
were renewed by a visit, last week, to Long Branch,
tsking the steamboat at 8 o'clock, from the foot of
Market street, at II we landed at Ocean House, and
by 12 were at Lock woods, at the Branch. The river,
the quarantine, the bay, the hook, the ocean, with all
their peculiar objects of interest, passed in panoramic
view before us. A heavy surf beats en the strsnd,
and it is a moot interesting amusement to watch the
skilful fishermen guide thrir little bosts through the
foaming breakers? haul them upon the beach? un
load their freight of flah, pack them in ice, and dea>
patch them, in covered wagons, to Philadelphia.?
From this little scene of daily hu?tle, a walk of two
miau es takes you to your ifjour at the New York
House, where Lock wood never fails to fbrnmh forth a
moat excellent dinner, his euitine being adapted to
the most fastidious palates, snd his bar furnished with
liouors the moat rtcherchi.
There are bathing houses along the beach, where
the most delicate lady may safely lave her litsk*? nt
the vigorous swimmer test his strength with the reck
less breakers.
We phased a pleasant afternoon in watching the
fUh-hawks plunging into the wave ? the porpoises, in
thi ir mirth, throwing themselves into the sir ? snd the
feats of vcm< Is, of every description, spproacking or
leaving New York." The Sun went down, and was
quickly by a gorgeous host of stars, studding the tap*
blue firmament. The corresponding color of iheaea,
with its definite snd unbroken horizon, add much 19
the splendor of the heavens. The direction of tho
coast, too, being nearly north snd souih, by deter
mining the position, makes it much easier to find any
particular star with which we may have been ac
Next morning we rose at 4 to see the boats go oft.
The eternal surf was still moaning and beating the
beacb. Several schooners were close in shore swiftly,
but silently pursuing their course. Laige ships were
visible in all directions from the verge of the horizon ;
and with equal pleasure and interest we gazed at
" The boat upon the shore,
Ami the bark u|>on the tea."
We returned to Nkw Y ork at 7 in the evening, hav
ing concentrated us much enjoyment in the brief space
ot two days, as we can reasonably expect on this side
heaven. We know no place that can excel Long
Branch, in afibrding'intellectual pleasure, or physical
enjoyment. With the sea on one wide, a cultivated
country on the other, and pure air, and blue heavens,
around and above, there are health and excitement,
rrst or employment, solitude or society, as you may
choose. With equal facility you may indulge ki any
fcvorite study : Ichthyology, Ornithology, Geology,
Astronomy, or Gastronomy. But as a comfortable
heme is at all times an essential ingredient of happi
ness, I shall promise you no enjoyment at the Branch,
except you take up your residence with Lockwood, at
the New York House, where the cheerful assiduity of
the attentive host and hostess will supply you with
every domestic comfort.
N. B. There are no mosquitoes at Lockwood's, nor
in his neighborhood. *
FiBEweitics. ? If you want to hear good mu9ic, aod
see a magnificent display of the pryrotechnic art,
to Jersey City, at the Tnatehed Cottage Garden, this
evening. It 19 for the benefit of Mr. Edge ? that is
enough. The boats leave every fifteen minutes, until
after the display. *
An Envious old Lady. ? The Baltimore Express
tells us of a rich old woman, who resides in Hartford
county, Md., who has a most unhappy disposition. ?
On one occasion she was heard to say that she " be
grudged poor people the itch, as it seemed to afford
them so much satisfaction to scratch themselves J"
MONEY 91 A H tv K T.
Wedncuday, August 3, 1 I*. M.
Stock* w< nt up today at the second call considerably. Buy
ers were more numerous than sellers. The fancies were in
dulged in to some extent Mohawk disappeared entirely.?
Specie is coining down. Spanish dollars, a scarce article, are
as tow as 111, aad Halves are at 81 A goodly <|uantity wan on
??ale this morning at different bullion office*. United Stamen
nates were paid out in exchange for specie at J per aeot dis
count. v The paner of the old bank will be used for exchange*
in spin; of the cry arairi?t Ihcin.
W# are glad to karri that the North liivei^aok this day, ha*
began to remem its notes rather than staniMfai s. Why should
not banks pay their debts f If they will not pay them, let the in
be compelled by law to come up to the even line of justice.
Six o'clock, P. M.
The activity in the siock market rather fell off at the second
board. It appears that the mury and the mortgage laws have
the effect of driving aU floating capital into stocks. Capi'alists
will not lend on either ol these laws, believing that stuck* nre
as low as they can be, and therefore any change in the money
market cannot affect their value injuriously.
The suspension, usury, and mortgage laws of the last legisla
ture have had a most remarkable operation on the movement*
oftrad**, money, and commerce throughout the summer. By
the suspension law, and the arrangements entered into, under
it, by the bank?, a vast amount ol bank facilities are tin own In
to the hands of the country trader* at the expense of the city. ?
On the Nt of July about $1,700,1100 of country safety lurid pa
per lay in the banks in Wall street, yielding an ii.terest ol B per
cent. On this day it is calculated that this amount hits swelled
up to $3,090,000. The city banks prefer this kind of security to
lhnt of our own merchants. Accordingly they are in m> haste to
call upon the country bank* to redeem thtir issues. The
city hanks receive as iwich interest lor these balances at they
would for discounting commercial paper. On thu coutrsry the
country banks charge 7 percent, beside* tbe exchange. The
country traders, therefore, receive the very itcihlksof our own
banks at the expense of the city.
'J' his Is one of the singular effect* of the ridiculous suspension
On the other hand, the state of public feeling ia very hostile
to any continuance of the suspension. At this moment sails to
nearlj $10,000 are pending against the various banks for specie
on their notes? and our juries are decided tlia. there is no bar
to the recovery In that law. The judges think otherwise, but
what are the opinion of judges in oppoahion to public opinion!*
The Secretary of the Treasury, in a late document, say* that
two- thirds of the deposit* banks can reatune specie payments
immediately. In this city utiles* the banks adopt sonse action,
the suits against them will increase.- Will they do so t We
know not? but here is a tab.'r of their merits of red? mption: ?
Jan. 1. July 1. InrrMK. Ihmm.
Bank of America, 1,065,346 t>ttj,Mlt <-l8 b77
Mechanics, 100, 0K4 42,!?i3 357,171
State of New York, 218, ? 1,472 1JMS*
Phoenix. 312, !?> 138,C6.2 174,921
New York, 170>45 48,7.8 121, ?22
Merchants, 365, 7CT 46,960 318,807
Union, 282.474 127 327 154,147
National, 131,304 7t,2? 36,021
Merchant*' Exchange, 146,980 54,43a
City, 102,208 55,580 46,628
Leather Manufacturer*, I S3, 740 90,303 63,437
Fulton, 58,452 88,180 29,738
North River, 70,596 8,151 68.38S
Commercial, 5I.0T7 11,602 3H.47&
I .a Fayette, 106,206 46,224 SlfiXi
Butcher* a id Drover*, 62,741 12.881 ?,150
Seventh Ward, H2.IW5 77,04!) 5,14ft
Tradesmen, 22,400 ? 47,50ft
Chemical, .W.H0I II, 338 46,829
Meclrs. and Traders, 58,350 17,801 40,549
Greenwich, 54,391 31,287 28, IM
4,047,101 1,709,652 29,731 2^67,187
1,709,6.42 9, 7*
Diminution Specie, 02,337,449 Diminution Hperie, (2,337,440
Tbunatvimnt certainly (bow* a great ilirinnuiien of ?pecie,
in the ?ix month* that elapsed littwffn the 1m of January and
lM July. Yet the proportion between specie nnd paper hi
these two periods, taking into oar calculation the like confi
dence, makes them stronger on the 1st Jaly than on ike 1*4
/fin. I.
Hank of America, %'*, ?'<'*
1 State Hank of N. York, 544, 060
| New Vork,
mere. K*rhange,
Leather Mamitac.
North River,
Batrh k Dro?fr?,
?evciith Ward,
Mecli*. and Traders,
'?25,7 03
285 'JM
July I.
?i *j,56?
916, Ml
?* ?21,695 fft.574.KOR
i mb. i mr.
188 HT.t
129,91 1
130,3 9
1370.308 *3^25,195
$3,246,887 $3,246,887
Since the 1st of July, all the *ouml banks in the chy ha?e
l>een curtailing (heir circulation, and at this moment n ia pro
bable that the aggregate circulauon of these bank* art only
$4- 560,ono. Since the suspension of specie psytaents, tbe specie
has also lieen increasing in the good banks, making the ratio
between tbe paper and specie only ft of paper to fl lit specie.
*'?me of the bad bank* may show aratloof Ser 4 of p*f>?r tn 1(
In specie.
We are persuaded, therefore, from ibese statements, of which
there can b? no dnnbt, iKtd weWf#/ (A* gmtl faml t in ,W
Karfr, can, by motual arrangemrnt and understanding , resume
specie payments as early as they pieaaa. Mr. Woodbnry'i
opinion of tbeir ability I* thu? proved, by Ibt Ir own statrnw nU,
to be founded in troth. The effect of sach a rt -^imption woald
at o nc* destroy the advantage which the country hank* have
over the city. The influence on a sound healihv trad* would
also be great and salutary. The bad banki would have ts shut
apt and the good hanks have all the sound busines* to transact
It would be a happy measure tor honesty, integrity, truth, and
sound commercial health.
Cotton ilnrfcet.
Wbdncsitsy, Aagust M.fl P. M
The English market is the great outlet lor our raw material
It ronanmes very nearly three-lbnrths of our staph-. What
tends in Increase or decrease the demand, then, in that u Or
ket. Is of the utmost coo?e*|uen<-e to us. We intand t?ni'<tna
evening m develop e the .erret ?prine? of tlie enpei t ng IrOdO
k> America. Meantime it is well know a that lh?' ?up|ly to ihl?
market of manufactured goods will ha very meagre c< mpared
to what it was formerly. They will un'lerwll American mnss
fncturers, we know, lint it ia not to this country that the l- ng.
lishman look*. Tbe *erret cause* fi<r U c firmness m? e? u cad

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