Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1837-06-05

the several Oh Tue udiihS, .lc uiioci-
tany of their future course OF acton ms feeling
has very broadly manifested itself through the CO.
lumns Of The Wall street press The probability that
the Manhattan Company and other banks were pre-
pairing 10 resume specie payments, has thrown GER
tain coterics in Wall street into an unusual state of
an;ta,ion--so much so, that should not be
pTised 10 see another meeting held at the Exchange
to denounce the banks as bitterly as they recently
denounced the treasury orders requiring specie for
duties.
portion which bankruptcy yet stares in the face-are
very ANXIOUS for fresh emission OF paper TO retrieve
their finances and to pay their sebts-perchance to
launch out into fresh extravaganza and new specua-
lions. Several of the prints IN such interests are
daily calling upon the banks TO expand Their issues,
and TO comply with the wishes of :" the people" as
they facetously call these cliques.
On the other hand there are large portions OF the me-
chanic interest and industrious classes daily engagedln
nightly caucuses all the city, deyslng the best
method of compelling all the banks to return to spe-
Gle payments far the five and ten dollar notes
are concerned. These nightly meetings are of the
most formidable and determined character COM
prisng vast numbers and resoue purposes.
Much surprise has been excited at the singular
apathy of the populace of New York, under the un-
expected suspension Of specie payments wilhelm Bal
timore and Philadelphia large meetings have been
held demanding Of the banks an explanation of their
conduct This apathy here is we tear only apparent.
We have received private Information, of the most au
thentic shape, stating that general combination OF
the mechanics and Industrious classes embracing Phi
ladelpha, Baltimore and Boston, is now rapidly form
ing whose object is TO devise measures to compel
the banks to return to specie payments as regards
all bills under 800 and that this combination have
nearly agreed upon their measures which will be
simultaneously begun and pursued in each of the
cities. An active correspondence is now going on
between certain secret committees Of New York and
Philadelphia having this for its object
What these measures are we are not distinctly Ia
formed-but the moral power--the physical power
the terrible concentration with which they will act
will sweep the influence of those who want issues Of
paper money, into utter oblivion and nHgmhcance
This movement is Of an alarming character from the
very fact that it plants itselfupsn the mmutabe prn-
ciple of Eaora ustce-gsneral infegnty-and public
GOOD faith against the breach OF all these principles
as perpetrat0d by the suspension of specie payments
We are on the eve of a new and more alarming
crisis than have yet seem There's no use to dis
puise the state of things. Prostraton OF credit is
chiids play TO prostratOn OF the social system III
the banks and the mercantile classes DO not TAKE
care, they may generate spirit IN the gree. mass ,ne
awful results Of which, few calculate upon. No
ploss-no subterfuge-no specious argument-can
make the suspension of specie payments any thing,
but al open papabie, barefaced, impudeRt fraud,
upen great moral and intellectual community. Ii
Is measure resorted for the purpose of continuing
the extravaganza and foes Of the last two years
The great mass of an intelligent and moral people,
will never sanction such breach OF public faith, for
such a corrupt and worthless purpose.
Wedesire the Wall street prints to be cautious how
they gsaerate excitement 1t IS easier to raise the
devil than 10 lay him.
serious riot took place Tuesday evening at
South street wharf, in which large number of per
sons implicated. Ii appears that several la
borers were engaged at somewhat lower terms than
had been previously paid, but still at price that per-
fectly satisfied the employed. While they work |
ing on the wharf, strong force OF other aborers at
tackled and beat them severely and hnaiiy compelled
them TO desst from their occupation. We are sorry
TO add, that one man. German, with large family,
is supposed 10 have been drowned during the ARRAY
as he has since been heard of.
The New jersey Assembly have passed bill for
a stay OF execution on Judgments wherever the pro-
shall demand gold or silver IN discharge OF the
same. The stay 10 continue until he ceases to de-
mand specie.
MunpER.-A MAJ named Freeman who separated
from his wife some time ago, and took up his resi-
dence in Georgia returned 10 Edgehcd district his
former location, some days since, ana murdered me
unfortunate woman by discharging at her a rifle
loaded with balls. He made his escape.
IayAsrrcipE AT CrScISNATL-Not less than ten
infant bodies some dead, and the rest we pre- sumo,
left TO die have been found at Cincinnati within the
last three months, according to the Cincinnati Post
Mobile slip Of 10Th May has the following para
graph 1.-THE New Orleans Picayne OF yesterday
morning, received today about noon, IN anticipation
of the mail announces the receipt OF intelligence from
Vera Cruz of the of Santa Anna, by the orders
of Bustamente be conveyed to the city of Mexico
for trial and probable execution on charge OF ms
manage ment of the war in Texas. Tie was seized by
party of cavalry on the Tth ins
SHOCKING CALAMiTy.-We are paneu " ioa'n
from the Wooster, Wayne county, OhioD Journal,
that mos, distressing fire and loss of lives occurred
in that county, on the night of the Both ultmo; The
house belonging to Mr. Ratche was consumedDy ire,
and shocking 10 relate four Of his children, the eldest
daughter Of about 10 years of age, persisted 10 the
flames. The fire is supposed TO have originated from
fracture IN the chimney
wscHEsTER (ya.) May 30, lS37.-The Valley |
Bank, on Friday last, after much dehseratlon sus-
pended specie payments. Ii was, as far as we know,
the las, bank IN the Union adopt this lis
paper is not likely 10 suffer any depreciation, mas
much as II IS known to be not only entirely solvent,
but in better condition, perhaps, than any bank IN
or out of the commonwealth.
The steamboat Daniel Webster arrived AT this port
This morning. from Buffalo, with a crowd Of passen-
gers and four canal boats in tow one of them line
boat the other three packets, built at Buffalo for the
Ohio Canal Packet Company. We understand that
the Packet Company will be ready in aday or two 10
start their daily line regularly. Cicreiaad Herald
Msy26
Farsu I1E-Msrch Of Tnprorement-Itis stated
10 The 81 Ious Bulletin Of the 10Th, that during a
hail storm the previous week. gentleman picked up
large handful of hal-stones, and immersed them in
a de,catcly concocted julap. Why do you not use
ice said the julap maker. ] prefer the hail stone
said the gentleman, because they are treshicel
TnAnr or LAKE Enis.-The Toledo Blade, pub
lshed II Lucas county, Ohio, ION the Lake, says un-
der date of the 23d instant =" The Daniel Webster