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


ing ofshe psssidsn,s Of the twelve American Banks
woD he'd yesoday, at which We were haDpy - learn
uoat unanino61y prevailed We understand hat il
was agreed % Increase IT, circulation Of these inst
notes were regulated, and the payment Of balaaces
not TO be required until December next; the notes of
customers to be renewed every sixty days, with de-
was further agreed tina. no other bank should be
admitted into the compact, without the consent Of
majority of the present twelve
On Saturday an ima,e quantity fdrafts amount
ing TO ZOO 600 dollars were returned from New York
protested. The Commercial, we believe, ID deeply IN
for it.
LATEST FROM MExIco--We are informed by Capt.
Baker, of the schr Mechanic, which sailed from Meta
moras on the 10th nst that when he left that place
the current report was that all the American vessels
with their and passengers that had been pre-
viously captured and imprisoned, were liberated by
order Of Gen. Bustamente, who had promptly arrest
ed the Commodore of the Mexican fleet, and confined
him at Vera Cruz, on charge OF capturing these yes
sells, contrary to law and orders. We also hear
through the same channel that General Santa Anna
was believed to be still living on his plantation. We
are much pleased thus to find that the story OF his
being taken TO Mexico for execution, at least wants
confirmation; and are still more rejoced at finding
thar all chance of rupture between Mexico and the
United States, done away with by this timely show
of volunta ry reparaton for the insult offered to our
flag.
Two things are now absolutely necessary to save
this country and to restore it 10 It's former state OF
prosperity; they are, National Bank and general
Bankrupt law On these two subjects we intend IN
future numbers to write We are in favor of both of
Them and we hope that Congress at it's session in
September, will pass an for the and the other.
True American.
MOBILE, May 30.-We perceive, by the advertise
ment of the Cashier of the Branch of the State Bank
of this city that the Board Of Directors have decided
to take bills upon our fellow citizen, Alexander Pope,
against cotton shipped to him in Liverpool, upon
hree-fourths of the valuation, be made here, by
their agent H. Cheseboro This is perhaps one of the
wisest measures which that bank could possibly
adopt and it is happy commencement of the policy
which we endeavored 10 enforce upon the public mind
in our address to the legislature This decision on
the part of that bank cannot be too strongly approv
ed, and every planter, merchant and mechanic IS TO
reap decided advantage from 1t. II all the banks will
adopt this wholesome policy and continue to pursue
it, Alabama will sosn throw o the northern yoke,
and she will stand forth redeemed, regenerated, and
dsenthralled.
Mr.. Pope is practical merchant and trustworthy
gentleman, and the shippers Of cotton have nothing
to fear from his management Of their business whilst
the bank and the public generally may repOse every
confidence in the fidelity and ability of Mr. Cheese
bcro, who has been appointed to value the cotton
upon which the bank is to make advances The
planters will be able TO sell their cotton with greater
ease less will be sacrificed and the bank may obtain
by this stroke o; policy, large amount Of specie by
which to redeem her bills
they should be if possblel which the State Bank has
stepped forward sustain, teach its pracicability
and usefulness. Why may not the owners Of cot
tom where they should receive large excess beyond
the amount advanced by the Bank, make few ship
ments of goods to this port for wholesale? Could
not an arrangement be effected by our enterprising
merchants to introduce the fall mporations directly
from Liverpool into Mobile? Now is the opportu-
nty and we trust they will not let slip. The situa-
ton of affairs calls for the display If confidence
Let the merchants make agent to unite with the
agent of the of the cotton in the purchase of
small supply Of goods for the State, and give due
tice to the country merchants through the public
prints but they must move at once, If they intend
to act at Chronicle.
II We understand that some white persons in or
near Pensacola, went to the camp of the Indians, in
the vicinity Of that place. and butchered without cause,
other than Indignation, fifteen twenty women and
children We trust, for the sake of humanity that the
account may be untrue We fOrbear further comment
till the Pensacola Gazette, Or learn some
further particulars Of so glazing an outrage, ifcommlt
| ted-Ibid.
1y Bennett says he has been "ungowning Maria
Monk for twelve months past. Why does he not re-
port progress7 The mutablity Of human affairs is
great, and we know he is a very monk-sh student.
Perhaps he Is like another great hero unwilling to
"prate Of his whereabouts. "-Eramintr
TAmprco, 10th May, lS37.-The conducta of specie
has not been able to pass in consequence of the
mess Of Generals Monteznma and Ugarte in Saint
LOUIS but the Governor informs that he has recev-
ed an express just arrived from which we learn that
General Cortazar entered and routed completely the
refractory in that city, and re-esiabshed order
Monezuma fled to Rio Ferdo, and is going to be dis
persed with Ugarte and other rngleaders
An attempt was made 10 excite the popuace Of the
capital 10 second the revolution in St Lowis but
promptly put down by the government, and the ring
leaders apprehended, among whom was General Pa
| lapox. The federal party has no chance now-Bus-
tamente is putting them down in all directions On
the 9th April, Santa Anna arrived ut the capital Of
Mexico, under the guard of some twenty or thirty
Dragons Of Toluca, and Is maintained in the Inquisi-
lion prisoner although treated with decency (slnce
| from the fallen tree every one makes frewood) he
will not get along we'll The same night he arrived
| they gave him cenerrado, and the patroes had TO
| dispense the mob, but his life is still in danger.
The dvslon of Cariazar is now on It's march 10 re-
inforce the division Of Bravo which continues dslri-
buted in Matamoras, the adjacent towns and in Leo
ma, yicario, and which amounts altogether Of 1000
men, which Bustamente, so far from ordering the
withdrawal Of those troops has caused TO be reinoc
ed by division Ia reserve, which will be stationed by
steps in Zacatecas and st. Louis. They have heard
If the mad Intentions they say, Of the Texans "a
advance and take Matamoras, and have prepared ac-
| cordingly. They have also 500 cavalry the banks
| Of the RIO Bravo, that can be reunited in any given
| point ia less than week.
1 Al present the movement of those troops will de-
pend on the payment of six millions of dollars contri-
button Of the Priests and Frars and which il is said
will ba paid by selling their goods and chatels
\ - q acrard hy the Maxican coporoeo