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MONDAY, APRIL ?? 1IM. BlfCtUH Notice. We have organized our Newspaper Establishment, both physical and lhteilectual, so aa to enable ua to publish three or four (if neceaaary) editions of the Herald, each day, daring the election. Each edition, morning, noon, and night, will contain all the hu mors, fasts, fun, philosophy, gaiety, of both parties, at each of the wards, up to the hour of publication. A correct and picturesque history of a New York election, full of life, truth and spirit, stripped of party bias and falsehood, never has been given or attempt ed. We shall make this attempt, and give it with equal adherence to fact, truth and real life. It will be an equally faithful history, in its anecdotes and humor, as in us philosophy and facts. The proceedings of each of the great party assem blages?at Masonic and Tammany Halls?will also be published each succeeding morning. Look out for fun and philosophy. Poor Van Buren! As an old friend, i shall endea vor to smooth his downfall by collecting, for his pe rusal, all the wit and amusement that may be deve loped on this field of Bosworth that is to be. The Election?My Couhbe.?Tomorrow the Spring Elections open. I think I shall go with the whigs this heat?but I'll see positively today. At the last election 1 had intended to be neutral, but the nomination of such a man as Joe Hoxie roused me up, and to defeat him, I made a bargain with the loco foeos to go against the whigs, because they supported Hoxie. The locofocos did not fulfil their contract? coming 1000 votes short of defeating Joe. To get satisiaction out of them, I shall, therefore, join the whigs, and endeavor to give the locofocos a licking for a breach of contract. By the constitution of the United States, no party can violate the obligation of a contiact?it is a vested right, eqaal to the charier of the Phenix Bank. The locofocos contracted with me to defeat Joe Hoxie's election?they did not do so. They broke their engagement?therefore they must take a whipping this week, if I and the whigs can give it to them. After that we shall all feel quits? rub out and begin again. A Mean Transaction.?Malevolence and depra vity, after a certain point of impadeace, lose their pow er to excite the generous mind, and only become laughable and impotent at every fresh effort. Such is the situation of the rival newspaper press of this city, in relation to the Herald and its editor?and par ticularly the situation of the Courier and Enquirer. Having for two years tried what secret slander, pub lic dannneiatioa, personal outrage, and every species of persecution and annoyance could effect in putting down the Herald, and in destroying the character of its editor, but finding all harmless, their malevolence assumes a new and laughable form?that of imitating, pilfering and plagiarizing on our property and talents. Let us explain. In the "Courier and Enquirer" of Saturday we find the following article : Sl'noav Morning News.?The R?iit ?r et the Sunday Mor ning Nfwi will place in tlic hands of hi* readers on tomorrow, theenrraviag which ke promised ihem oa Sunday last The artist has promised, by imparling to Us work additional spirit, correcness, and finish, to make amends Tor the disappointment, ef wtueh we, in common with most of our coieinporanet, may have been the innocent canse. He will undoubtedly keep Ins word. To make ameads, as far as be can to hit readers, the editor af the News will present a very graphic represent anon ef Use late meeting of the locofocos in the Park, in addition t# the print above referred to. Mr. J. J. Butler it the artist who exe cutes these illustrations. About a week ago we originated, designed and pub lished a description of the "Loafer and Lecofoco J Meeting in the Park." It was republished in the Weekly Herald last Saturday, and has created much first pabliBhed in the Herald, a young gentleman? quits a youth?but possessing remarkable originality of genius in the art of design?was so amused with the description in the Herald, that he seized his pen? a common pen?and sketched off a design of the Meeting, with a spirit and humor that remind one at once of the power of Hogarth in the same line. Mr. J. R. Bleecker, the son of James W. Bleecker, Eiq., is the young gentleman's name?and though haraly yet out of his teens, he has developed a genius for the arts of painting and design, of the highest order and originality. Calling into his father's office, in Wall street, he shewed me the sketch. It struck me at once as one of the most spirited, humorous and pic turesque designs, and after suggesting a few additions ?no alterations could be made?he presented it to me. 1 immediately employed an artist of the name of J. J. Batler to execute the wood cut from the sketch, exacting a pledge that it would he in readiness for our list Weekly Herald, in whieh was published the ori ginal description. instead of this engagement being complied with, this Butler very eoolly, after I had warned him not to do so?reminding him that it was ray property?goes and sells it to the managers of the " Sunday News," which is now a mere tsnder to the Courier & Enquirer, and is supported by that ?stablishment to do us dirty work. But this is net nil. Butler, the engraver, has the ntrocioas meanness to put forth his own name upon it, and to conceal the name of the highly mgenieus artist who drew and de signed it. The meanness, audacity, and coo] impudence of this transaction is probably without n parallel?and the part which the "Ceuner and Enquirer" takes in the transaction justifies me in the belief, that Webb and his employit have concocted the whole thing, merely out of spite to the Herald. We havedetermined how ever, to bnng Builer to justiee for bis breach of con tract. When I remonstrated at the time against his conduct, "What!" sa.d the fellow, "do you take me ts be a boot maker T" "I certainly do," replied I; " you are a boot maker?I are a boot maker?Sbaks peare was a boot maker?all men ought to be best makers in fulfilling their engagements." On one point the New York rival press may rely. There is snly one method to stop the progress of the Htrald towards fame and fortune, such as no news paper ever yet reached. They may corrupt, seduces pilfer, plagarine, imitate, till they burst the waist bands of the breeches, but it will be ef n? avail. They must bribe nature herself to break her oontract with me, and get her to take hark thia bead and this heart, before they can impede the march of the Herald. Know PoanAMJtrco.?By the Abby M., which ar rived yesterday, we have rece.ved files of the Dimrij d? Ptmamkuco to the 7th of March. They contain a gosd deal of local intelligence?but want of room eompela us to cut short today. Nnw Consensuip or run Panes.?A highly re spectable, animated and intelligent loafer, (a jour neyman printer too, not now en the public,) called upen us yesterday and gave ue the information that the Herald ta excluded from the Alme House, Peni tentiary and BlackwelPs Island, by the Express order of the Alms Hesse Commissioners. Thia in only to as, the lose of the eele of 81 worth per day, but de prive* the poor inmates of 8100 worth of instruction. We suppose the Commissioners think the Herald too great a luxury for the poor. Oh! the govr viands I __________ try The Whigs have carried Buffalo by a maiority f ft 18. No oqueeting here. frtm PhUa4tlrkl?->r. ?MdU't M?imk? ike Carr(M)r-A comm. Rcvtlmtttn la Flmmaoo mad FmHtica. Tfce city ?ii thrown into a groat excitement yes terday hy the reoeption of a highly important paper front Mr. Biddle of Philadelphia, aaauming the shape of a Letter to Mr. Adams, which may be considered his Message to the Bank Convention about to assem ble here on the day after tomorrow. The position of Mr. Biddie is n?w known. As we have always staled, he will not resume for the pre sent. it now remains to be ssen what course the banks of New Vork will take?what the government will do?and what result congress may bring about. The excitement, controversy, and uproar which this message will create m finance and politics, will be tremendous. We have no room for further remarks today. The document is very ably drawn up?fallacious in many points, though strong in others. Read and ponder. To tl?e Hon. John Q.iilncy Adams, Wash, lit If ton. My Drab Sir,?I propose to say a few words on the qassiion whether the Banks should resume specie payments in May next. I do this because my posi tion seems to justify, if not require it. For nineteen years I have been connected with the Institution which caused the last resumption, and during ail that period my efforts have bean directed to secure to the country the benefits of a sound currency, and to ba nish from circulation every thing but the precious metals and notes always convertible into them. I think that no other currency is safe or telerablr; and that we should now return to it at the first moment it can be done permaneatly. For this purpose the institu tion to which I belong has made great efforts. Since the suspension in May last it has bought and added to its vaults nearly three millions of dollars in gold and Bilver; and now with a capital of thirty-five mil lions, its notes in circulation are six millions, while its specie, after paying more than half a million to the goverment of the United States, amounts to nearly four millions, and it has eight or ten millions of funds in Europe. Our principles therefore incline us to an early resumption; our preparations would justify it? and if we wvre at all influenced by the poor ambition of doing what others cannot do so readily, or the still poorer desire of profiling by the disasters of others, the occasion would certainly be tempting. But the Bank of the United States makes common cause with the other banks, and the character and prosperity of the country are identified with its hawking system. They must stand or fall together?and it is of vital importance that the banks should act wisely and act harmoniously, and above all that ihey should not suffer themselves to be driven, by the dread of being thought weak, into rash and hazardous enterprizes. The great prerogative of strength is not to be afraid of doing right, and it belongs to those who have no fear that prudent counsels will be mistaken for timi dity, to examine calmly whether the general interests of the country recommend the voluntary resumption ef specie payments in May next. I say the voluntary resumption, beeause there is not now, nor has there ever been, any legal suspension of specie pavments, as there was for more than twenty years in England. The suspension is wholly conventional between the banks and the community, arising from thsir mutual conviction that it is for their mutual benefit. In truth the banks aro but the mere agents of that communi ty. They have no funds not already lent out to the people, of whose property and industry they are the representatives. They are only other names fer the farms, the commerce, the factories, and the internal improvements of the country?and the inquiry whe ther the banks are ready to resume is only another ferm of asking whether the people sre ready to pay their debts to ine banks. The true question then, after all, is, whether ths time has arrived when the banks should announce that the causes of the suspension, which then satis fied the community, have ceased to exist, and that the suspension itself, with all its necessary attendants of restriction, need no longer be continued. To that inquiry I now proceed. And? I. What were the causes of the suspension! They were the Specie Circular, which forbade tha receipt ef any thing but gold or silver ut the Land Offices? the mismanagement of the deposits, which scattered them to the frontiers?the clamor raised by the Exec ntitf against bank notes, which alarmed the people specie. Now has any one of these causes "ceased 7? On the contrary, have they not acquired ten fold force! The Specie Circular is not repealed. On the contrary, it has been extended, forbank notes are pro scribed, not merely from the land offices, but from all payments of every description tu the government.? The distribution of the surplus is over, because there is no longer any surplus to distribute, hut the great disbursements en this Southern and Western fron tiers operate as injuriously by requiring the transfer of so much revenue from the points where it is col lected. Lastly and mainly, the alarm about bank notes propagated by the government, has been deep ly spread tbiougheut the country, nil what was at first a passing outory, has settled into an implacable hostility. No men, I think, can doubt fer a moment that the Executive of the United States seeks to main tain his power by exciting popular passions against the credit system?and thai the whole influence of the government in employed to infuse into the minds of the people, distrust and hatred of all banks. For this purpose, the moot insane ravings are addressed te the cupidity of the ignorant, who are taught that gold and silver are the only true riches, and above all, that these shrewd metals would enable us to outwit the paper dulness of England. " Sir," said lately one of these politicians in tne Senate of the United States, " Sir, a mm loses all by any circumstance that but for thai circumstance he would have made. Although England is a paper country, yet if we vert exclusively a metallic country, tee should make more out ef our intercourse with her. And why should we, beeause she chooses to maim hertelf by her paper syitem, fol low her example!" The government, it may be said, is compsratively harmless, because its expenditures sxceed its income. Its regular income, no doubt? bet while it can pledge the public credit for treasury notes at a high rate of interest, by whieh every man's property is mortgaged, and buy specie with them, there can naver be wanting the means of oppressing the banks. There is, therefore, no one circumstance which occasioned the suspension, sufficiently remo ved to justify a change, and the most prominent cause remains with inereas* d intensity. Accordingly United States an II. The credit system of the United Btateaand the exclusively metallic system ars now fairly in the field, face to fare with each other. One or other must fall. There can be no other issue. It is not a question of correcting errors or reforming abuses, but of abso lute destruction ; not which shall conquer, but which shall survive. The present struggle too must l?e final. If the banks resume and are able by sacrificing the i . >oi nanny, to continue for a few months, it will be conclusively employed at the next elections, to show that the schemes of the Executive are not as destruc tive as they will prove hereafter. But if tfuy resume and are again compelled to suspend, the Executive will rejoice at this new triumph, and fh<-y will fall in the midst of a universal outcry against their weak ness. This is perfectly understood, and accordingly all the influence of the Executive is directed to drive the Banks, by popular outrage and rlamor, into a premature resumption?not a business resumption, general and permanent, but a political and forced re sumption, which may place them at the mercy of (hose in power. They whs have apecinl charge of these inierosta must then beware of boing decoyed from iheir preoent position. They sre now safe and sfong, and they should not venture beyond their en trench meats while the enemy is in the plain before them. If they resume, one of two things will happen ? their note* will notlie received by the government, or tbey will be received. If they are not received, the f'ovfcrnment, te the extent of the revenue, will farce the holders ef the notes to draw specie from the banks to be deposited with the collectors of the revenue. I For tke diflerence between the revenue and the ex Eeneea, the Government will iseue treasury notes to e sold for bank notes, and converted into speeie, and as the disbursements are mode at points on the frontiers, remote from the places of collection, it will not return to the Hanks issuing it except ctrcuitously. But if the notes are received, tbey will not aa formerly be deposited m Banks and drawn out again so as to enter mto the em ulation, leaving the public creditor hie choice of specie or notes, but tbey will be left in special depesite with the receivers. When warrants are drawn on these receivers ihey will rail on the Ranka for specie to pav the favored public creditor, selecting ef eouree the Bank on whom they will draw | ?ccording to ita servility or opposition to the Execu tive, a ad thai placing them all aadar hia control.? Now under such circumstance#, is it wise for the Banks to disarm themselves in the presence of their enemy ? III. The disorders of the cnnreaoy lie too deep for superficial remedies, and these palliatives irritate with out caring. Congress, and Congress alone, can ap ply adequate relief. What Mr. Madison said to Con gress in 1816, is sven more true in 1838?"For the interests of the community at large," said he, " as well as for the purposes ef the Treasury, it is essen tial that the nation should possess a currency of equal value, tredit and uae, wherever it may circulate. The Constitution has entrusted Congress exclunvtiy, with the power of creating and regulating a currency of that description." The only reform in the currency which that boky has yet made, ia the issue of ton mil lions of irredeemable paper money, and a proposal for ten millions mere. Is it worth while, then, so long as Congress fails to exercise its legitimate powers, to waste the strength of the country in efforts to accom plish what we all know to be impracticable 1 To re aume now without some clear understanding with the Government, seema to be throwing away the bene fits of experience, and the lessons sf misfortune. We have gone through all the mortification and all the in convenience of suspension. Let us endeavor to profit by them?to fix the future on soms solid basis?have some guarantee of the stability of the currency, and not set every thing afloat again without knowing where we may bo drifted. For IV. Compare the situation of the Banks at the last resumption and now After a suspension for nearly three years, Congress applied all its power to indace, te persuade, and to assist the hanks in their efforts to resume. They passed the resolution of 1816, author izing the receipt of the notes of specie-paying banks. But this alone was insufficient; and at the same time they established the Bank of the United States, with a capital of thirty-five millions. That Bank called a Convention of State Bauks, and agreed that if they would resume specie payments, it would 1. Assume all their debts to the Government of the United States. 2. Discount to those who had payments to make to the Government, the whole amount of their bonds; and in addition 3. Discount to those not indebted to the Govern ment two millions in New York, two millions in Phil adelphia, one and a half mil ions in Baltimore, and half a million in Richmond?and I 4. Would sustain the resuming banks in case tae resumption brought tliem into difficulty. The Bank at the same time imported, at an ex pense of more than half a million, the sum of seven millions of specie; and two months after the resump tion its discounts reached twenty millions. Com pare, with this statement our condition now. Then the Government agreed to receive for all dues the notes of the Bank of the United States?now all bank notes are refused and discredited. Then the Government endeavored to sustain the Banka?now it is striving to destroy them. Then it established a new and vigorous hank capital?now it refuses to create a new bank, and seeks to cripple those in exis tence. Then we had two hundred and sixty banks? now we have nearly nine hundred. In short, what reliance have the Banks now with the Execative hostile to them 1 What protection like tkatof the late Bank of the United Slates have they to snstain them 1 None whatever. The only circumstance not wholly unfavorable in the comparison, is the low rate of exchange with England. But nothing general or permanent can he inferred from this circumstance, which frequently occurs, and on the present occasion is wholly acci dental in New York, from the unnatural condition into which her raeaaureBof extreme rigor have driven every thing. If under ordinary circumstances, while other things underwent no depression, exchange on England should decline, it might be inferred that England owes to the United States more than we have yet drawn from her. But it is not exchange alone that has fallen.?Exchange on England has not fallen in New York as much as the internal exehan fes or stocks or real estate, or house rent have fallen, 'his fact seems decisive as to the cause. But can this depression continue 1 Certainly net These rigorous measures are understood to be only prelimi nary?only preparations for an expansion by the Banks of New York, which is to restore ease and confidence. Well, the moment thia eaae and confi dence return, all things will rite, and exchange of course among the number. Besides, this unnatural eondition will work its own remedy, as all irregulari ties are cured by their own excesses. To sell every the fcnglish have bought all the produce we have to Bpare, we must of course bny from them what manu factures they have to spare. At. soon as the proceeds of our industry are realized in England?while we have gradually exhausted our supply of English goods ?our own merchants will convert their property into fresh supply to be brought over; or, if this process be too slow, the English manufacturers themselves will send their own goods for sale. In either case the exchange will recover its equilibrium, and of course will rise here, for between tws such countries as America and England, a permanent inequality of exchange, as a basis of the metallic currency ofeither, is impossible. V. Perceiving nothing in the conduct of the do ?erament to justify an early resumption, let us see if there be any thing 111 the state of the country which recommends it. Now what is the condition of oar affairs ? The suspension found us with a heavy debt to the Banks?not leas probably than five hundred millions?with large balances from the Southern and Wrstern States to the Atlantic cities, asd with a very considerable debt to Kurope. All parties were will tug to pay ; almost all were able ts pay ; but great forbearance and great indulgence were necesaary from the creditor, and above all, after auch a con vulsion, the great restorer was timet time to settle; time to adjust accounts; time to send the debtors' crops to market; time to dispose of his property with the Isast sacrifice: time to bring out his resources to pay his debts. In all the large movements of human affairs, as in the operations of nature, the great law is tentlenesa?violence is the last resourcesf weakness, 'he disease of the country was an evarstraincd and distempered energy. The remedy was repose. The question of the currency, though important, was only secondary. The first concern was to pay our debta, and especially not to depreciate the value of our means of paying them. Accordingly it seemed to me that after the suspension, the true coarse of this country was to begin a gentle and gradual dimmutioa of loans sufficient to prevent the hazards of ex pansion while the restraint of specie payments wss removed, and to prepare for the resumption, but with no rash competition as to the emoant which the several banks could cartsil?to make no violent changes in the standard of value, and give time for a ?ettlrmeni with foreigners, and araung ourselves, oa the tame, or nearly the same hs*is upon which these mutaal engagements ware can traded?letting the crops go to their destined markets without depreciat ing their price. After this, the resumption, with the aid of Congress, would have been easy and spontane ous. It was in this spirit that the Bank ef the United States has net diminished ten per cent of ita loans while it added about three millions te its specie?and will have given the necessary facilitiss/or shipping the crop* of the S#uth and West to tbtf amount pro bably of fifteen or twenty millions of dollars; placing its own confidential agent in Kngland to protect ihe gnat commercial ana pecuniary interests of the country. This seemed to be its proper function. It wss thus that it hoped to discharge its duty to the whole Union. It was thus, teo, it could show its fidelity to Pennsylvania, by aiding its public improve ments?by keeping its business and its people in comparative ease, and by net suffsrtng the prosperity of ita commercial capital to be prostrated?objects these, far more important than whether specie pay ments be resumed a few months sooner or later. The injurious effecis nf * contrary rourse are seen in all the relatione of business. Tike for instance the debts to banks and to individuals. The debts were mainly contracted when the currency was abundant. They muat now he paid in a very altered state of the currency?and it is necessary to proceed with extreme caution when the relation of the debtor to his creditor ia changed by events which neither could control, be cause 11 thia change be not mads very gfadually, so as to bring at the aame time all the other relatione of lifeto the same standard, you inflict injuaticeor per haps ruin on the debtor. It was thtia that Kngland eontinned her suspension for twenty-five years, arid by act of Parliament gave several years notice ef the Rreesive resumption in order that all the business e country should adjust itself to the approaching change. Of the rflect of any sudden movement, we j hav?Wore us a striking instance. It appears by the published statements or the banka of the city of New York, that aince the suspension to March 1, 1938, they have reduced their loans and discounts from forty-au millions to thirty millions, and their circula tion from nine millions to two millions?an aggregate diminution from fiIty five millions to thirty-three millions. If this, or any thing near this, be the re duction, what is the consequence? A man who con tracted a debt to the banks in New York, before the suspension, finds his ability to provide means for the payment of that debt reduced ene-tkird or nearly one half?that is to say, the dollar he now pays is equiva lent to one and a naif or almost two dollars when he borrowed it, besides the interest. Such a process of re duction would have been wholly intolerable, if the citizens had not escaped from it and sought allevia tion by loans elsewhere. But if the other cities had followed the example of New York and made similar reductions, the whole country would have sunk under it or revolted against it. These ineqaTities between members of the same community became more striking whtn applied to engagements between distant parts of the Uuion. The Atlantic cities.for instance were creditors of the South ern and Western States, for goods sold to them, to be paid for either in those S ta tea, or in the Atlantic cities? their currencies being so nearly the same that the ex change would not cost as much as the mere transpor tation of the specie. When theday ofpayment arrives, the creditor city suddenly makes an artificial scarcity of its own currency?renders the only money it will receive in payment almost inaccessible to its debtor?reducing at the same time the rates of ex change, and the prices of every thing. This rigor instantly recoils on the creditor. Ifpayment is made in the Southern and Western States, the Atlantic merchant loses the whole depreciation in the exchange. If payment is to be made in the Atlantic cities, and tne debtor sends produce to pay his debt, the scarcity of money obliges him to sacrifice it?if he sends the Bank notes of his country, they sink to seventy five Eer cent in value?and he loses the difference. If he rings the stocks of his state, the scarcity of money renders their negocialion impossible. Once disappoint ed in this way, he sends no more produce?no more Bunk notes?and the creditors in turn suffer more than the difference by the delay. So in respect to foreigners. We owe a large debt to France and England. Why should we destroy the value of our only means of paying it ? We can pay it only in cash, or produce, or stocks. As to cash, this debt was contracted in an abundant currency. By this ar tificial scarcity of money we are obliged to pay it in a currency more valuable by one half or one third. Even at that rate we can neither borrow the money ner raise itby sales, except by ruinous sacrifice. We then may pay it in produce or in stocks, but the same scarcity s nks the value of both. A debt contracted when cotton was at twenty cents, we have to pay when cotton is ten cents a pound. If we propose to pay in stocks, these too have sunk perhaps twenty five per cent on their price last year. Our resources then are diminished in value while our debt is increas ing by interest. The consequence is that the foreign debt is postponed. This opeartes injuriously to both parties?to the domestic debtor by reducing his means of payment?to the foreign creditor by the delav and the hazard of his debt. It is true if he could now receive his money he would remit it home at a low rate. But then the same scarcity which lowers the rate of remittance, prevents his receiving any thing to remit?and so far from being interested in the early resumption, it injures him essentially, because the forced preparation for it by crushing the resources of his debtors renders them alike unable and unwilling to pay. What the foreign creditor wants is payment? payment of the debt, not in a better currency, but in an equal currency, or if necessary, in an inferior cur rency, because he can better support a high rate of re mittance than a reduced or postponed payment. There prevails a notion that the credit of the coun try abroad will be injured by not resuming. Not in ihe least. Every body connected with America knew the reasons of suspending, and entirely approved of it as the only measure that could have saved the coun try. What Europeans want now is that we should pay our debt. That is our first duty, and if they see, as they cannot fail to see, that these premature efforts to resume specie payments prevent the collection of what is due to them, they will perceive, that in endea voring to secure an object wholly domestic, they have been sacrificed. In respect to the dividend and the stock, payable abroad, many of them are payable in pounds sterling, or guilders, or francs, so that we place the money there at our own cost?and as to di vidends payable here, they have almost universally been remitted in the equivalents to specie. What the general merchants of France or England desire, is that we should take their merchandize?that we ia a very subordinate concern. You deal with them and pay them in their own currency. They know little and care less about the sort of currency iu which yoa deal with the south and west. Besides, who are to reproach us with the depreciation of our nates. The English? But the Bank of England suspended specie payments far twenty-five years? during nearly all which time every American Bank paid specie?and men m England were forced by law to take the notes of the Bank of England when they were at thirty per cent discount?whereas no man is obliged here to take any note of any bank?and at this moment a paper dollar in Philadelphia or New York, will buy a silver dollar delivered in London. The queation then of the resumption is one exclusive 2 domestic?one which, however important at heme, >es not affect the credit of the country abroad. VI. We come now to the question whether if an early resumption be practicable, the month ef May is a fit time. My impression is that the month of May is a very unfit time. The resumption, to be nsefal, must be Seneral; end no arrangement can he satisfactory which oea not include the Southern and Southwestern States. These I do not think are yet ready te resume. They are straining every nerve to pay their debts. Their crops are going forward to provide funds in Europe and at tlie North?(he banks are laboring to meet their notea at the North?the Legislatures are pledgingtheircredit to raise funds in order that their people may pay their debta. Why should we repulse tneni 7 All they want is time. They have aotyet had the benefit of a single crop, and they may require another; and instead ef discrediting them, ordinunishiag the value of their pro duce, or curtailing their facilities in tending their crepa to market, it ia better to help them and wait till they are mmead vaneed in their preparations. The employment of credit, either of banks or of individuals moat useful to the country at this moment, ia to forward its product to Europe. Instead of this the hanks are reducingtheae facilities, and calling upon their debtors for payment. This seems very unseasonable It is stopping the loco motive# as they are carrying the crop to market The month of May too is not the right time of the year. For example, it reauirea, on an average about fifty daya to take cotten from New Orleans to Liverpool. Supposing it immediately sold, lite usage is at the end of ten daya to give a banker's acceptance, payable !n two months, so that by the month of May there would not be actually realized more than the cotton which left New Orleans before January, when not more than one foarth or one fifth of the whole crop had been shipped. Much, of course, ia drawn for when shipped, but I speak now of tke actual obtaining possession of the pro. ceeda of the crop ; and at all events not one half of the crop will have reached Europe by the month of May. The Spring is, moreover, the season when the credits given for the shipments of Southern and Weatern pro dure are maturing at the North; and the crop from which reimbursements are to come, remain* unsold in Europe. The Spring too, is the time when the Wes tern business has brought from the interior the notes of the Atlantic banks, when the circulation presses more upon them than at any other period, and when specie is wanted for the trade to China and Indie, making that tune particularly unpropitieus fer the resumption. Til. It remains now to enquire how far these gene ral views of the expediency of a resumption iu May should be chsnged by the determination of the banks of the city efNew York to reanme at that period. For the gentlemen of New York who announce that decision. 1 have great personal respect, and unJer ordi nary circumstances would willingly yield my own con virtiona to their better opportunities and understanding. But th? natural influence of their judgment is weakened by the knowledge of the fact, that the Ranks ef New York wusld not have bad the least idea ef a resumption in May?but because the immunity allowed by the Le gislature will then expire and they fear that it will not ne renewed. Thia was distinatly avowed at the Bask Convention, and the Deputation who visited Philadel phia repeated it again and again. New thia may be a very good reason for the Banks ef New York te resume ?bat certainly no reason whatever for the Banka sf Pennsylvania to do the asm*. The States of Pennsyl vania, of Virginia, of Kentucky, have Legislatures as well as New York has. and they have refused to direct their Banka to resume in May next. Why should they obey the Legislature ?>t New York and not their ewu Legislature f The position of New York iaun all bands regretted. But how is it to be remedied t A single Legislature out of twenty-si* Legislatures had passed a law forfeiting the charters of Ranks, if they were una ble to redeem their aetee ia specie. A public calamity overtaken the oewntry, and the declining to pay specie, so far fresn bei?g ciiminai, became an act of public safe ty?so adopted by all the Banks, and so ronkrmed by tbis very Legislature. The provision originally design ed to guard against fraud, may thus become the punish ment of honesty and ability. The Legislative body which protected the Banks for a year is now ia session, and ia twenty four hours can extend the indemnity till a mere appropriate season for resuming. 1 presume no difficulty will occur iathis. Why should there be ? Is it possible that such a body can see with indifference the distress which a perseverance in this course must inevitably create, or permit the pride of opinion or any mere political or parly consideration to prevent them from interposing to protect their noble but suffering city ? If they decline how can we of Pennsylvania interfere f? Why should we voluntarily place ourselves in the same situation into which New York has been forced ? By doing so we share only a common disaster?instead of husbanding our resources against the period when our interposition may be really useful. In the mean while, the most eifectual service which we can render, is to speak in a tene of frank sincerity. She 'may perhaps bear it from one, than whom she lias never had a more true and constant friend?who, although an entire stran ger, has for a long seiiea of years, done every thing in his power to advance her prosperity, and never saw her in any misfortune which lie did not anxiously strive to mitigate. But 1 wish to serve lier, not to flatter her. I believe then that at this moment New York is in an en tirely false position. She is obliged by the existing lavr to do what sho feels to be wrong. Her natural course is to appeal to her representatives to rectify their mis take, and not to thrust out their own State Banks to be crushed by the Executive. Instead of doing this, she perseveres from a mistaken though honorable pride in not asking relief where relief is attainable, but ia pre paring for the event by sacrificing her own interests and inflicting distress on the community. The apparent su periority in the exchanges which this produces, is wholly fallacious as well as injurious. The state of tho exchanges in New York proves nothing whatever, ex cept the scarcity of money in New York. The exchan ges are even less depreciated than many other things. The bank notes of the Southern States are at a great depreciation. But store rent and real estate in the very spot where these notes are sacrificed, are much more depreciated than the notes themselves. So too in New York, the notes of Philadelphia are at a discount, yet at this moment New York has to pay to Philadelphia little less than ten millions of dollars, for actual debts to Phi ladelphia, and to foreigners represented by Philadel phia. It is not therefore the abundance bit the want of means?it is not strength but weakness which causes this difference By the same process bread and meat may be reduced in price for the want of purchasers. You make an artificial scarcity of money, and then boast how much ike little which remains will buy?but your superiority is punished by the debtor, wbs dues not settle with a creditor so much above him. And what is the benefit of all this f The other States are not obliged to submit to this local legislation, and tha suffering of New York is certainly not fitted to make them adopt it voluntarily. It is better therefore, for them to state with perfect frankness that they do not mean to unite with her in this farced resumption?to say this decidedly and finally, so that she may apply the only remedy?an extension of her law. The whole subject would then be open for future adjustment upon principles of safety, alike to the Banks and to the com munity. On the whole, the course which, in my judgment, the Banks ought to pursue, is simply this: The Banks should remnin exactly as they are?pre paring to resume, but not vet resuming They should begin, as tke Bank of England did, un der similar circumstances, by payisg the small notes, so as to restore coin to all the minor channels of circulation, but not make any general resumption until they ascer tain what course the Government will pursue, employ ing in the meantime their whole power to forward the crops to market. The American Banks should do in short what the American Army did at New Orleans, stand fast behind their cotton bales until the enemy has left the country. These are my opinions very deliberately formed, and very frankly expressed. They are thus set forth, not to influence the course of others, but to explain my own. With great respect and esteem, yours, N. B1DDLE. Philadelphia, April 5,1838. Moreen Locostas.?Tw# females have beencom mitted to prison at Meadville, (Pa.) charged with having poisoned a Mr. Isaac Davis, of Sudbury, Crawford County. A O?. Tl.v, DttliimuiV OkiUiiitlt) Has n#t yet made us the amende honorable. KJ" Mr. Webster arrived in Philadelphia on Friday last. He will probably be here today. Ex-Sheeiit Parkins.?What has become of our old friend Ex-Sheriff Parkins? What was done at the meeting of his fnends the other night? Let's know. Coubt or Sessions.?Saturday, April 9.?Only two cases tried. One was Mr. and Mrs. Carey char ged with stealing from a tailor named Major. ft ap peared to be a cabbaging business all round, and they were acquitted. The other was that of three Irish nun for heating Mr. P. Quin. It was a porter house and drunken frolic. They were ;?und guilty, and will probably be fined six cents. Police? Saturday?Manoeuvres at Mock Auctions. ?A young sailor named Theodore Munson, went into the auction store of Bnshnell A Co. 161 Chatham street, on Saturday. Seme fellow was selling an empty box, and calling out fourteen cents lor it. Munson bid fifteen cents, and it was knocked down. Another fellow named Josiah L. Shaddock, imme diately took the box, and swept into it, from off* the counter, a lot of worthless brass trinkets, to the num ber of 174. They then took Munson to the back part of the store, and asked him to let them see what mornyhe had; be showed them 86 75; they took this from him, and made out the following bill. New Yobk, April 7, 1839. Mr. Theodore Munson, BoroHT at Auction, 174 pieces of Jewellery at 15 c. - - 826 10 Paid ' 6 75 Due 819 36 They then kept his money and told him to go to his captain and get the balance, but not to tell the captain what it was for or he probably would not let him have it. Some one cognizant of the tricks of these mock auction stores, persaaded Munson \o go l<> the Police Office knu get a warrant. He did so, ana Justice Bloodgood very properly and promptly sent A. M. C. Smith, who arrested three of the fellow* and took them to the Police Office. One pale-faced person who gave his name as Davis, was 1st go, he not being seen in the store at the time of the trick. The salesman gave hia name aa Charles B. Ring, and the ether as Shaddock. Justice Bloodgood told them he should send the complaint before the Grand Jury instantly. We did not stay to see the final disposi tion made of them ; but unless they got bail they were sent to Bridewell. When they were Irresied, ihey were followed to the office by a whole crowd of" dirty ragged looking rascals, closely resembling ths buffers, barkers, and blackguards employed about ths swindling mock suction storss in London. On# dirty looking ill-favored, impudent Irishman was su perlatively conspicuous in taking the part of the prisoners. A Marauding Manoeuvre ?On Friday, a well dressed rusn entered the store of Mr. Warren J. Ful ler, 26 Grand sfcet, when the fellowing conversation ensued between him and the clerk, Mr. A. Reeves. Stranger ?Have yon any fine taa ? Clerk.?Some very fine?none better in New York. 9 ?I'm a judge of the article, having rassd the true Souchong in Canton. C.?Yoa never got better tea in China than ours, air. 8?Well, aa you recommend it so strongly, I'll take a pound to try it. C.?Thank you, sir. S?Have you any thing very nics for a relish for supper. C.?We have some very fine smoked salmon, sir. 8 ? I'll take a few pounds of that. And, by the by, 1 believe we have no geod butter at home; 11? tskc two or three pounds ofhutter, if it's very good? net without. C-You'll be sure to like if, air; real Orange Coun ty butter, sir t we keep none but the best. Anything else, air?