The herald., 1837-05-13

| Frea the ss~sA.
The Express Mail last evening brings US dates from
New Orleans, to the sth Nay. The banks arc begin
ming to give way in that region.
lcorre-poodence cf Hcrshil
New OalsASs, Nay 5, 1910 A. M.
The Agricultural Bank Of Mississippi refused day
or two ago 10 pay in specie sl25,ooo government
draft OF course proceedings will be instituted against
II by the District Attorney. We expect 10 hear, by
the next boat, that her doors have been closed and
all the specie in her vaults seized. Rumor says that
$500, 900, will be required Of the Pc, Commercial here
tomonow-bat cannot trace IL 10 a satisfactory
source. We shall see. There is evidently some dark
dolngs going on, on the part Of the government This
opinion to prevail, that the object seize
upon the specie, before the southern banks suspend
the government knowing that suspension must be
the order Of the day.
The excitement caused by the removal Of the s72,-
009, in the hard stuff from the Pet, dying away
What specie is now drawn is done by the up-coun-
try sellers of produce &c. The Banks are consider
ed tolerably safe. The Gas Bank canno, stop
payment as has nearly all its circulation in II will
lose heavily by the Hermanns, gauetts 4 Co. unless
they pay up.
The French houses are just beginning to suffer-
Theodore Nicolet led off the van and put an end to
his life to escape disgrace Suicides and murders have
been the order Of the times since. We have had
one every day for l3 days-ether suicide or murder
The U. s. sloop Of war Naichez had a brush at the
Fort Brassos, ST. Jago with the Mexican vessels
She drew off, taking captive brig of war, and send
ing her into Pensacola. If Mr.. Van Buren, had his
senses about him, he would send out squadron to
sweep the braggadocias from the gulph. They are
daily capturing our vessels.
Cotton dull as usual. Now and then a small sale
Flour down to 1915. Produce downward
Vice President Lamar is in town on his way TO
Georgia
New ORLEANS May 5-We received yesterday
by way of the river, letter from Louisville
respondent, giving as gloomy accounts from the
west. The troubles beginning to be felt in Gin
cinnati and Louisville. Confidence is rapidly on the
1t is singular fact and ought TO be remember
ed by all, that the banks have been the worry first TO
feel the pressure. BY their conducl, they inform ve
commercial community that it exists-then comes
alarm, panic, DC Such has been the case in the
western capitals. In the midst of difficulties here,
every body was chuckling in the cities above named,
that the storm would not reach those points No
sooner however than the banks began to feel the ef
fects of the disasters in New York and New Orleans,
the alarm flew like lightning through the communi-
ty.- True American.
Loss Of the ship Star, Captain S. T.. Glover of New
YORK, on her passage from Liverpool New Orleans.
April 18th, at IL O'Clock, M, the Star struck the
reef on the east end of the island of Great Caymano
and in few hours bilged and became total wreck.
No lives lost and most ofthe dry goods saved but
damaged state-bu only about 20 sacks of salt out
Of 1850 were saved, having thrown overheard abost
1000 sacks in endeavorng 10 get the ship Oft The
loss Of the ship entirely owing to the strong and
irregular currents about those islands, which set the
ship 80 miles out of her course in twelve hours.
Captain Glover family, the officers, passengers and
part of the of the STAR arrived here last evening
in the schooner West India Lass Captain Parsons.
Captain John Ball. late chief officer of the Star, died
| on the 29th ofApn on board the same vessel on her
passage from the Caymano.-Ibid.
If Congress meet, what can they dol They can
repeal the specie crcular-they charter Nation
al Bank with the mother board al New York, and
the principal branch at New Orleans, they can de-
clare any good paper receivable in payment of dues
TO the government-they can make it obligatory up
OH the National Bank TO organize the internal and TO-
reign exchanges-they the operation Of the
present distribution law till the crisis is over-they
can break up the bonding system at the customs by
declaring that all duties shall be paid cash-they can
close the land Offices if il be deemed advisable-they
can natORahse the present United States Bank, II 1t
be thought impossible 10 get new cOncern-they can
| do all these things and much more in few short
weeks. They can effect these measures despite the
opposition of the executive if they will but act for the
good of the country and abandon the schemes of par
| ty But will they Ibid.
We hear the Mississippi legislature have authorised
the money machines to stop paying specle-tlme moi
| transplred. More sapient Judges!
Summer heat is at last upon us. The thermome
ter stood yesterday in the shade at ga degrees
| Another man committed suicide yesterday. "'Ts
| the very error Of the times-the moon has
er to the earth thaa she won't" The poor fellow
was found " suspcnded."-B.
MoB,LE, May 6.-LuxuRIEs.-Our market is nov
regularly supplied with strawberries, green peas, new
potatoes and other summer fruits, which arc eagerl,
sought after, AT high prices Chronicle.
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