Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1837-08-17

Niblo, the Baltimore City Council, the Commits
sioners of Southwark, and the Brooklyn South Fer
~ Company, are all engaged in the same glorious
and patriotic scheme of taxing the public to make
money. Under the silly pretence that there is not
money enough in the community to make change,
they come forward as the conservators of the public
interest TO provide it kindly with circulating medi-
UNI. Whe wants their trash? Through selfish mo-
tives they palm upon the public their promises to
pay and claim for themselves the title OF benefac-
tors. Good souls how thankful we ought to bell
Can we not get up statues for the shlnplaster lss-
ers in all parts Of the Union? Iwould be well SO to
do on the condition that they be made of wax and ex
posed to the noon day sun.
We might talk here of the legality Of issuing these
irresponsible bills but cui bono? There is no law IN
this country when self interest goes to work. The
eight hundred banks of this Union-the Treasury de-
partmen and the whole herd Of shin plaster issuers
are all alike-a noble set of brothers-a engaged in
the ennobling pursuit of cheating, swindng, deceIv-
ing and harrassng the good people of these United
States, God bless them. If the people will continue
to submit to such monstrous impostons all we have
to say is, God bless them too!
Now for bit of philosophy on these said shin
plasters.
Every body knows what money is. Every body
knows that money will buy the comforts and uxu-
res of life And every body knows that gold or silver
is money. So far and no farther is money under
stood, felt and comprehended by every individual OF
the great mass in all civilized countries
But if any other substance be substituted for gold or
silver and this substance be offered in exchange for
values then you ask man to understand complex
md md hat 10 III
stance which you offer him is representative OF
certain other value, which can be realized at any time
he may wish, and you further tell him that the ex-
changeable value of this substitute is money After
long trial. sustained by interested laws, the chief men
in modern communities came to perceive the truth OF
the discovery or position. Their influence made the
substitute pass current as money and when the
citizen found that so much faith was reposed In the
new money, they made more inquiries about the
truth of its promised redeemabe value Hence, for
the last hundred years, there has BEEN in civilized
countries, wide difference of opinion to what con-
stituted money-wheher it be the substitutes of gold
and silver, or the latter. The opinion predominasd
however, after long and tedious struggle in favor OF
the substitute And so credit wases,ablished through
out many countries on deep and wide foundations
The cunning and conriving capitalist, laughed at the
credulity Of the public and the honest people were
daily and hourly feeced by set Of money makers
and Dealers whose acts have yet 10 rise up in judg
ment against them
What were these substitutes for money! Bits OF
paper bearing on their face promise to be redeemed
in value at a certain place on demand. They pos
sessed no intrinsic value of themselves. They repre-
sen,ed values Who authorized the issue of these bits
Of paper? The supreme authority In the State. Com
panes were formed and legalzed 10 issue these repre-
sentatives of value or substitutes for gold and silver,
and they were permitted 20 furnish currency of this
kind far beyond their to redeem it. They based
their circulation OF the substitute upon credit, the
credulty of the great mass The mass believed that
these bits of paper always redeemable in specie
and though it had been proved to the contrary, the
people continued firmly to support palpable false
hood at their own expense-to pay tax 10 the legal
lied consrs of paper money. Up to 1897 the present
papable proofo the papable lie-that bank notes
redcemable in coin on emand,-bids fair however
TO bring men to their senses, and TO Danish such
destructive and baseless axiom from society.
BY the Southern Express.
We have dates from Mobile to the 9th in
slant.
Heavy rains and high winds have been the order Of
the Jay. Inc gun mas OcCh oihoss ii"PooSioic III
the mail steamboats,.
Mr. Kendall denies the citizens OF Mobile the priv
lege Of paying their hostages in bank paper, which
they had prayed tor on the ground that Mr.. Taylor
one Of the mail contractors would take them in pay
msnt for his services. Amos il certainly right.
A Imaginable and sarcastic account Of a cele-
bration Of the late anniversary 10 published in the
Augusta Chronicle. One Of the toasts 10, "Thomas
H. Benton" The music that followed was, 81 saw
him softly stealing"
Frem Florida we learn that Gen. Jesup was at
Jacksonville on Tuesday last inspecting that post
he leaves Immediately for the Suwannec, 10 inspect
the troops on that frontier. Very active arrangements
making in every part Of the territory, under his
instructions, for early campaign. John Hicks, son
OF Hicks, late head of the Scmlnolcs, was at Fort
King few days since.
Parties of the hosiiles are almost daily visiting that
post fort kiDg oil declare II TO be the intention OF
the chiefs TO come in, in the fall and in the mean
time to commit no hostities. No confidence, how
ever placed in the sincerity of their declarations.
Gen. Jesup is indefatigable in his exertions fer an
early campaign. Totally regardless Of self he visits,
in person. and nspects all the posts in the territory,
notwithstanding the unhealthiness Of the climate,
making arrangements and attending to the health and
comfort Of his troops In consequence of the present
exertisns the ensuing campaign will commence un-
der much more favorable auspices than any OF the
former ones.-Sdr. Georg.
CALcuTrA.-Cslcstta papers are before us TO the
3rd of April 1t seems, by their statements, that q