The herald. [volume] (New York [N.Y.]) 1835-1837, 1836-01-07

fortified by means of the personal liability of every
Stockholders feel persuaded the cry of monopoly would
he smothered and fair competition would ensue,
W mercantile mechanical operations MANY of the
vasten have adopted this principle and the little
state of Rhode which scarcely an area of ground
equal TO some OF our western counties, boasts Of he
sixty banks, all IN the most healthy condition. As this
is view Of the subject hope you will CAREFUL,
weigh IL in your mines, and reflect whether we
cannot safely adopt the principle which have stated
Ii would most undoubtedly receive the decided appro
baton OF our enlightened constituents.
As many Of our citizens are unaccountably embar
raised for places where their surplus capital" may be
probably and securely nvested-I would SUCCESS
whether ii would not be advisable 10 grant a liberia
number of charters for canals rail roads, bridges and
turnpises. Capitalists would then find ample employ
men for their fEnds and venture the assertion tina
before another twelve month, should hear nobody
inquiring, " What shall ace do rith all The specie ~
During tine last fall. Barlow the cashier of the Com
mercal Bank, left this city, Carrying with him 127 0OC
b the funds of the bank and has not since been heard
Of. should not have cared much for these losses il
they had fallen on tederasts and anmasons, but un-
fortunately, some OF our political friends the suf
erers. don't want, IL help IT, to saw anv thing
OF Mr.. kemble of Troy-he's friend. There can be
no doubt but Barlow was corrupted by the Wall street
brokers. have had my eve on the movements OF
these gentlemen Tor some time, and think it is now
time to overhaul their doings. Our friends have To-
Gated in Wall street several discreet men from Cayuga
and Ontario agents, but as vet the brokers look
upon them as Johnny Raws. j recommend legislation
the Board OF Brokers, the appointment of three per
sons like the Safety Fund Commissioners with power
to get good living out of these gentlemen and keep
them straight, at and the same time.
The difficulties which were experienced during the
last session. relation loan of the credit of the
State, TO the New York and Erie Rail Road Company
will probably be revived in the early part of the pre-
sent session. IL thought advisable, then, to
accede to the wishes of the petitioners, and am ill
in doubt whether we shohld BE unsuitable in loa4.ng
a large sum OF money to company whose tTansac-
tons are all controlled by inveterae political
mics. Were plan devised which would give the
State balance of power in conducting the opera
tons OF the Company, | think might with safety
contribute a few millions. But until such a measure
shall have been effected, feel fully persuaded, that
our friends the Southern tier" will see with
me, the improperly of placing such an immense
amount OF money at the disposal Of of men, who
seek every opportunity Illustrate u.s. in the correct
administration Of the government. Ii is hoped our
friends of the Southern tier" will readily estimate
the friendship which their enemies affect for them,
and not suffer themselves TO be duped ut the next
election, by any pretensiOns whatever. As the next
general election will be Of the greatest interest
that have experienced for many years cannot but
hope that frieuds in the "sequestered' part of the
State, will remain firm to the democratic faith.
lou may expect numerous petitions from the citi-
zens oil New York, whose property was destroyed by
the late unprecedented confagraon, for assistance
from the State in enabling the offices to meet
their losses IL was my first impression that the State
ought not 10 crafty their wishes as a large majority
of those merchants are the identical individuals who
rallied so vociferously against my Mortgage" But
upon mature reflection, have arrived at the conclu-
sion that had better extend the credit of the State
to the extent of couple of millions to certain OF
those oces whose capital and transactions are WELD
ed by friends BY such an operation we should
assist each other and still give enemies no just
cause tor censure or reproach 1t will, however re.
man with You TO say whether any aid should be af-
forded since it has been asceraaed that the nsurance
stockholders are personally responsible
Gentlemen-I should co injustice TO nv feelings
were | to close this Message without advertng TO
the present condition and future prospects of The re-
publican party, both in the state and nation We are
indebted 10 the people, to AMOUNT far beyond our
capacity cancel for their rmness and patriot
ism IN sustaining those usirious men whose energy,
courage, and perseverance have preserved the Union
from dissolution, and STAYED the arm of despotisn
eready raised for our destruction Let us endeavcr,
by the popularity of our acts, and by the honesty of
all Oar public transactions, to retain the confidence
which the people-the worthy democratic people
now repose in We are at present elevated upon
the very pinnacle of political fortune and fame-a
beacon for every other State in the Union and an ex-
ample for the great American democratic family, to
INITIATE And in order to place us all firmly in power
for eight years to come, il necessary to achieve the
next Presidential victory prize valuabe-so inn
portant-so essential 10 the interests of the country
and our party, enough every one of las with
nanoply OF brass. When the great contest arrives
next year. let falter. but march brayev TO the
hed of desperate contest with hearts like the on and
courage like the unsubdued warrior. And when the
mighty storm shall have subsidized, and the clements
become hushed in their wonted serenity, let enjoy
the victory in silence, and repose upon our arms whilst
revealing with the "Spoils'' OF victory.
WILLIAM l.. MARCY.