Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1837-09-19

prom our Correspondent Rotksckild, No xxILl
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Prom our Correspondent RotAsckld No. xxIHI
WASHINGTON, Sept. IL, 1897.
However disastrous the issue of Treasury notes
may prove to the commercial prosperity Of the coun
Jarious. II is proposed to collect keep and dsburse
the revenues by means Of collectors Of customs re-
ceivers OF land money, and postmasters. At the
least calculation this army OF deposares will amount
10 2oOOO men. They are forbid, says the bill, from
using the public moneys in their hands in any way
whatever. Admit for moment, that commerce will
revive and that the public deposites will reach the
standard OF 1884. Under this new and untrled sys-
tem we shall have in that case twenty millions Of
dollars lying idle and abstraeted from the circulation
OF the country. This immense amount too will be
divided IN very unequal proportions among 2OOO0
persons The political influence dervabe from such
a source, leave out of the question: Commercially,
the payment of twenty millions of imposts will be
tantamount to direct tax upon the community for
the amount is levied to be laid up the strong box of
the government. Heretofore the revenue however
heavy, not felt for itreturned to the community
IN the shape Of loans discounts and the debts of
OF the government were paid through the channels of
that very commerce which furnished the means. The
operation was like the circulation of the blood,
tanning the body commercial by ts regular and sys-
tematc How. BY the system of 1000 individual de-
positorles the operation of collecting mposs will be
like depicting the commerce OF the country. 1t will
grow weaker and weaker every year, till the govern
ment itself will be compelled TO change its mode Of
treatment.
The bill to provide for the safe keeping of the public
monies, introduced in the House. forbids the receipt
into the Treasury Of anything but gold and silver,
Treasury warrants, drafts, or notes. This is carrying
out the principles OF the message and securing bank
ing powers to The Treasury department. If all be
granted TO Mr.. Woodbury. that he asks, in few
months he will have in circulation, somewhere $24,
OOO0Jo IN Treasury paper under the par OF silver II
IS evident, with such amount Of scrip in the market
that small will be the quantity of gold silver taken
al the Customs. The payments will be made almost
entirely in the paper medium of the department II
the deposites thus made thrown out to the pub
lie IN the form OF loans trade would take new start
even under the reign of government shin pasters, but
being locked up various parts Of the country the
chests of 20 600 keepers till wanted the commercial
community will beplaced in the same predicanent it
was under the operation OF the specie sircular.
The whole system of Treasury notes and their
keepers proposed, will work only for the benefit
of the government 1t will tend to drive specie more
and more from circulation, will utterly destroy the
state banks and substitute deprecated TreasHrypa
per medium, which will be increased or drawn in at
the pleasure of the President of the United States.
Thus does the contest of the last eight years with
monopoles, bid fair 10 destroy them ALL and to erect
in their place tyrannical and odous one at the
seat of government spreading rootsntc every cor
ner OF the Union, through the of the post
tiers.
But we have yet hope. The Congress will pause
before they sanction the scheme. My confidence is
in the conservative principle IL however, it be de-
termlned to separate bank and state and come to a
pure metallic currency, then we know the extent of
our sufienngs. But, If this be done, and the banking
power IN addition be conferred the government no
language will be too strong to depict our future COM
mercal distress and ruin.
II BY the Southern Express Mail, we have dates
from MOBILE to the lth. They contain accounts of
terrific gale. We give the particulars.
TREMENDOUS AND AWFUL GALE AT APALAcHIco-
LA.-Two hundred thousand dollars worth of proper
~ desrsyed-bulldlngs blown down, and twenty of
ptI ID
feet-On Wednesday about o'clock in the evening,
squall came up from the south east which continu-
ed increasing with considerable violence for about
two hours, the wind then shifted TO the westward,
and about eleven o'clock IL blew pretty heavy gale;
II gradually increased IN violence until morning
when the tide had risen about six feet covering
our wharves some two or three feet-every me-
ment now seemed to add terror to the desolang
scene the rain descended in torrents while the wind
was blowing perfect hurricane-every citizen was
called upon to the property likely float away
on the wharves, or the steamboats, smaller crafts
that were now in a sinking condition at the wharves;
but all human exeron seemed TO fail, the wind in
creased and with it the rain, until il appeared as
though heaven and earth wosld come together
About IL o'clock noon, the wind veered round to
the northward and eastward, and with an increase
If possible, ofthe gale. All persons now seemed to
give up all hopes of saving anything but them selves
Notwithstanding the narrowness of our river immedl-
ately in front of the city, it seemed no protection TO
our vessels, the wind as though with wings appeared
10 raise THROW tnenl WIN violence down
upon the wharves At o'clock not a person was
seen in Water street, and 10 get under the lee Of
house only TO have the roof lumbling down upon
him oil the steamboats, and small craft, by this
time, were in ten thousand pieces the wooden build
ngs on the wharves were also floating with the other
wrecks.
The gale continued until about II o'clock at night,
when il shifted to the northwest, and this morning
we are again blessed with clear sky.
THE MAYOR AND THE TyrocRAPHIcAL DrSNER.-
The Mayer has forward apologize for not fur
nishing the remarks made by him at the Typographi-
cal Association festival The weight Of business
which Cypress Mayors SO heavily has prevented him.
The letter is pretty and pertinent Judgc for your
self Here il is
MAYORS OrFrcE, NEw YoRK, sErr. is, 1857.
RESPECTED DEAR SiRI desire through make
respectful apology the Typographical Association Of New
York. for furnishing them sketch Of the rs which
made by at their delightful festival. When they
solicited promised crverfu csmpi honestly
and arenly hoped have conformed that promise
ash most respectfully you that previous posi-
tive engagem and subsequent positive duties, occupied
my time that was left 10 give favorable reply your
thanks Their Kind
regret tina, have been able promptly their
made prayer their health
anrh aup pront rexu truly VIM lend