Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1837-08-25
VOLUME III.
IFrom our Evening Edition of yesterday.l

lFrom our Evening Edition OF yesteraay.I
PHILADELPHIA Aug. Esd, 1887.
Things are comparativey quiet here The under cur
rents however strong and threaten ere long, as
turb the tranquility that reigns on the surface.
You have in this large city, community OF 100000
souls taking and paving out worthless rag currency
with as much sang froid if it nnnsicaly vaua-
BILE The chink Of silver is more heard. 1t is nei
her heard in the liquor ROOM the theatre Offices the
bank counter nor even at the tables of rouge nor
PAPER irreleemable paper with its silky rusing where
is new has usurped the place of real value and you
witness tie inexpcable anomaly of thousands Of mer
chants and dealers giving this vilanous
scheme of cheating the community.
They know, and all know who have any reflection
about them that the ultimate loss of these shin pasers
will fall on the industrious poor But they all 60, and
the devil take the hndmost Honest and dishonest,vr
tuous and vicious join in the race and the city of broth
ery love- famous for the uprighness of its deal
ings is the abode of whole people striving to de-
lude each other.
You may think New York is flooded with shin plas-
tiers. You are favored-complan not. Where you have
shilling the Phadephians have thousand
1t is now beginning to be understood, and felt here,
that Mr.. Bddle has had heavy hand in producing the
catastrophe Of suspension and in sustaining the measure
after the step taken 1t is argued, and with jus
,ice, too that there have been wide of
opinion among the nabcbs mcned men, prior to the
suspension, or they would have submitted so
tamely and readily to the shin plaster SISTER A
feeling is getting abroad, that Mr. Bddle has been mix
ing up political feelings and objects extensively with
the great scientific and financial principles that should
govern and control bank like that of the United
States.
The Philadelphia banks have been like wild young
collie in 1,xur;apt clover field since he
They have thrown public opinion to the winds they
have discarded the laws by which they expected
be governed. They have their affairs to themselves,
like faithful stewards OF master and for ought the
world knows, they may be ALL this present moment,
like the honeyless bee hive after a winter.
There are men here who believe the vilest and most
atrocious have been committeeman who place
little confidence the u S. Bank they de in the ul
ima;e responsibility of two penny shin plaster
shop its issues They urge in support Of their
opinion the general of this bank, well
few Of isolated facts that have leaked
irary to the wish, even knowledge of the
eened.
Questions of this kind are asked, and yet
comes.
Why did Mr.. Biddle suspend al all
How many millions did he loan the Philadelphia
merchants in the shape of bonds kee them from all
going to ruin
Where were these bonds sold
Whopaid the piper To this they confess Wall street
What were the deposites, specie, circulation and pro-
fits ofthe United States Bank the lsr Of June, July
and August and what will they be the lst Of Sep
tember
Has not Mr. Bidde five dollars of the old GU, to
spe Of specie redeem il
Did not Mr.. b. and his cronies in other banks know
what of ninnyha Rner before they con-
eluded to violate the right to hold their charter Mr.
Rner had the moral courage proceed against the
Pennsy lvania bank.
Does not Mr.. b. hope carry the Pennsylvania egis
turs with him at the next session
The people beginning to regard Mr.. b. in his
light-hat of great nancer with intellect couded
ny the madness of political ambition.
But does The fact that whole trading community
Ike that of Philadelphia should loose the bark Of
honesty, and embark in a ricketty old hulk composed
of cheatery shin pasters and dishonesty argue great
deprivation Of the high morals that should always ami
mate the body commercial Is not the apple rotten
the core 7
Trades exceedingly dull. Hardly enough doing TO
keep alive.
The Bank Of the United States is putting another
flight Of steps to her portico They now run entirely
across the whole front The building is fine specimen
Of architecture but what Of that if all should be
whitened sepulchre within !
There is very little shipping here.
Philadelphia is no calculated TO be the money |
capital Of this Union than she is to be the commercial
New York is the great where there should be
National Bank and New Orleans should have the prin
cipal branch Take these cities, and all others
lost, in commercial point Of view.
L.. u. l. ~
ng because the question Of succession will be involved
n the decision. l find some who think that Gen. Jack
sons letter intended by Mr.. Van Buren, drive
his ranks the hard money boys he conempla,es
union with the interested and stock ohbng Wings
carry his National Bank.
ball at Flushing.