The herald., 1837-05-08
From the South.

lowing accounts from the southern marts The
pressure and panic still continue.
New ORLEANS, April 29lh.
Suppose the Government succeed In its design OF
drawing out of the Deposte Banks by transfer drafts
all the public moneys in specie get II IN nansau,
consequence Will not all the Banks in the country
be forced to suspend Suppose the Government
then declare, by Treasury rescnpt that netmng
shall be received IN payment OF dTes ouI goid aaa
silver, what will be the result Will not all the bonds
now coming due be forfeited? That beng the case,
will not the Government afford to loose this amount!
Suppose that these measures are earned through,
will not the country free from national debt, be
able TO 60 ahead again upon surer basis WIN not
the evils Of the banking system be thoroughly cured
by such process? Nay-will not private credit be
substituted for public and the banks be reduced to
mere nonenttes in the monetary world Will not
our importers be able by the adoption Of the con-
templated course the TO pay England the debt
they owe her. than by fostering the present lettering
and rotten system of Bank and public credit? Will
it not curtall our inf ora lions from abroad And
if it does what will be the elect upon our commerce
True American.
MONEY MARKET.-The news from New York, to
the evening Of the 2lsi is most gloomy. In conse-
quence of the designs OF the Government leaking out
considerable run was had upon the Virginia and
New York banks. 1t was gradual, however, and
without any excitement IL the worst should come
tc the worst we fear there will be some repettons of
Bank of Maryland doings Great fears were enter
continued We should not be surprised to hear by the
next mail, that the denouement had occurred. We
will hope however, though it be against all probabl-
ty and circumstance. .
Depressed as we are, the news could have but little
worse effect upon market. The thermometer Is
so low at present. that the variation of degree or
two is not felt by the community There IS an lncu-
bus upon trade that nothing can remove, but some
violent effort on the part Of the whole commercial
interest Even then its dreful influence will long re-
main to paralyze every effort. Money experiences
no change, except that the hand of the lenders
clenches its precious charge the stronger
From the Natchez Free Trader we learn that
large majority Of the Legislature Of Mississippi un-
favorable TO the passage of anything like stop law
ora law for the nvadation of existing contracts This
regard as good omen, and anticipate that the
wisdom of the legislative body OF that state VIII DO
much towards re-esiablishing order and confidence
among the cit zens, besides providing some safe and
honorable plan for aording gradual relief to the pub
lie distress without the necessity Of resorhng TO SO
injurious and unjust measure as the creation of
Relief Law. The experience of Kentucky in the
adoption Of Relief Laws, ought to stand as perma-
nent warning for all the rest of the Western States,
and after the loses, injuries and snfferngs which her
citizens experienced by their operalon was to have
been presumed state would again think of their
adoption.
The New York Courier and Enquirer recommends
to the importing merchants generally throughout the
House Bonds. The editor says that this may be
thought bold measure. We think so, and sincerely
hope no such foolish high handed revolutionary
movement will be made.-I'ickdyune
The ExEcUrIoN.-Yesterd morning crowd as
sembled about the city prison to see a man named
Cadiche, accused and found guilty of murder led to
exception They seemed TO be like the troubled ocean,
and fixed the impatient gaze upon the door through
which he to pass TO the fatal spot AT length he
appeared, and great was the curiosity to see him
that the TO the PRISON were completely chok-
ed up.
by whom he was surrounded, and took with ap-
parcntly careless air his seat upon the coffin which
was to cover his mortal remains. AT the gallows he
kept up the same indifference, and renewed his fare
we'll to the spectators. Addressing the hangman he
observed since am yours, do your duty, and put
the rope round here" indicating the particular spot Of
his neck.
BY strange fatality, The hangman, who was prob
ably unacqualnted with his Business made the rope
TOO long and the cupr fell with great violence TO
to the ground upon the rope being Withdrawn. sur
ID ise and Indignation for mor.ent regned among the
crowd. Several denunciations were heard against
the hangman for his uaskilfuness and justice was
abou, TO remedy this unlocked for circumstance when
on examination il was found to be all IN vain ! The
concuss on was so or, that the unfortunate wretch
had broke his collar bone and thus was the punish
mcnt OF the law fulfilled. We are assured that there
never was criminal who exhibited greater courage
and self possess on. The number of persons present:
immense, greater than wascver seen upon slni-
/ lar occasion IN IN city.-Bee
MOBILE, May 1.-The last accounts of the proceed
ngs of the Mississippi Legislature are contained IN
the following extract of a letter from member OF The
LEGISLATURE, received here by this mornings mail, by
1 his friend in this city
| JACKSON April 23d.-Varfous propositions are be-
fore us but the most likely to succeed, IS 10 allow
all the Banks in the state 10 issue Post notes running
to maturity at twelve months TO be loaned on long
time, with damages of ten per Ger tum for nom
payment The damages are intended to lnsnre
| puncuality. / think the damages on foreign ex-
| change will be taken oh and placed on domestic.
| think, TOO, we will likely pass few more bank char
ers as we have heretofore dealt in that article spa
| rnely One will probably be granted for the Chick
asaw country of two millons-one at Vlcksburgh, OF
two millions and one at Natchez for four millions
| Com. Register.
| still later from theiSOuth.
| The Steam Packet Columbia, Captain Wright, ar
rived yesterday noon, from Charleston s. c. and by
her we have received papers from that city Of the
4ih inst but do not find in them any news Of moment
in regard to tho United Statcs-by the arrival of the
Brig John c. Calhoun, Capt Ross, at Charleston,
| we have intelligence from Harana 10 the 10Th OF
April
The Noticoso and Lucero of the 25thult. says that
information had been received at Havana of pratt
cal schooner coasting in the neghborhood of 81 Do
| mngo in consequence Of which he Governor of the
Island had ordered out an arm, brig, with orders to
convoy all vessels sailing in that direction The brig
was to have sailed from Havana on the lst inst
| The markets will be found under the proper head