The herald. [volume] (New York [N.Y.]) 1835-1837, 1836-01-28


The application by the Bank of the United States fer
recharer, to the legislature of Pennsy lvania has
reused all the old political hosties in Philadelphia
towards that institution. public meeting held
there Monday night and strong resolutions passed
against the project to recharter the Bank. Messn.
Dallas, Gilpin and all the government officers have
taken part in this movement; bur, ominous than
ALL the organs Of rhe Wolf faction unite with the other
portions of "the party" and "cry havoc! and lei
slip the dogs of warp In the Interior of PennsyI
the same spirit Of hostile agitation is roused and from
appearances, there is every probability that the bill
though it may pass the House, will be killed in the
the Senate. In the latter bedy there is an anr-bank
majority and, judging from the folly Of human nature,
is most probable they will from their political
feelings rather than their good sense.
The proposition of the Bank to Pennsylvania is ge-
nervous ndeed-a bonus Of millions, and loan Of
more, at TO per cent per annum.
la the present state of doubt which hangs the
recharter of the Bank in Pennsylvania, several
contiguous States trying to avail themselves Of
the contingency that the party stupidity of the Penn
sylvana Senate may throw in their way. In Maryland
and elsewhere preparations making to offer char
ter 10 the United States Bank in the of refusal
The position Of the United States Bank at this mo-
ment is the most interesting that be well imagined.
With capital of twenty-eighf millions, currency of
seventeen millions, and specie to the Of fifteen
sixteen millions it would be the making of any
or any city to get such institution located among
them. If there is any good sense-any sagaeity-any
state patriotism at Albany, they ought immediately
introduce bill offering a charter to the u. S. Bank,
if it would locate itself in Wall street, and become
permanent element in the prosperity of New York.
- n NJ "
Relief Bill, as il is called has been justly denominaed
"broken reed" 1t is worse-it is mischievous
budgeon that may be used in Wall street Ia Webb,
to knock down honest What the use of autho-
rising the city banks make additional loans Where
they get the money! Can the City Loan of six
millions be negotiated, when the Water Lean is still
piece ST white paper, No scheme of relief for the
city could be devised half efficient as the offer Of
charter to the United States Bank on the assumption
that there is yet political folly enough in Pennsylvania
10 refuse the present application. The removal of that
institution New York would bring with it merchants
business capitalists, and accession of wealth.
1t would not alone be the renewal of the capital
of twentyeght millions, but all its Philadelphia con-
nectons throughout the South and West
With such a vast accession to our disposable means,
could enlarge western canal-build rail roads
establish lines of steam packets all parts of the
world-buid up the burnt dstrict-increase our fac
rores-and make this the positive of the Amer-
can money market, for home and abroad.
We persuaded also, that such offer the part
of New York would be preferred by the Bank that Of
Pennsylvania. These brief views. We trust
that there is yet good sense enough Albany lay
aside party feeling and mere miserable loco oco ISM
and TO avail ourselves Of the folly of Pennsylvania
The political blockheads at Philadelphia and else
where, are very busy making themselves the laughing
stock of the world. 1t is neither robbery nor murder
for New York TO avail herself Of her neighbours folly
We shall therefore put up our prayers to Heaven in
mercy that the Pennsylvanians may be unrestrained
in their folly till the Bank is removed to New York.
Wise are they who extract good from evil.
HE NUNNERY DIscLOsUnEs.-A eorrespondent