The herald. [volume] (New York [N.Y.]) 1835-1837, 1837-04-14

satisfaction Of the present and future gsnefanons
There is not a president or manager OF bans
in New York, that does not deserve to be turned
ont neck and heels, by the stockholders Of each
aud every of these poor, cheated, and dubbed insu
tons Persons and particulars In our next
Important from the soush--Re volution In
Mexico Progress OF the Commercial Re
vulsiOM.
The Express mail yesterday brought accounts OF
the highest importance from Mexico, New Orleans
Mobile Charleston and Batmcre--'all later.
In Mexico the revolution has almost broken out
Texas is now perfectly safe. Read and ponder.
The commercial revolution goes on. No more fall
ures have taken place in New Orleans, but terrible
feeling is generating against the past system Of busI-
ness. In Charleston, pressure is severe. Baltimore
easy.
BALTIMORE April IL IL o'clock, M.-Money OF
par value although not 50 very difficult 10 OBTAIN as
some short time ago is far from being plenty-there
has been some extension of Bank discounts bo, the
wants of the community were 100 many ana 100
great In the aggregate, 10 be wholiy renewed py e
aid which il was safe and practicable for the Banks at
once TO give.
The discount on notes Of distant Banks has lately
greatly increased; within few days II was found
mpracticable 10 dispose OF South Carolina Bank Pa
per at less premium than ten per cent, ana notes oil
George Banks could not be converted into bankablc
funds al any premium. I he notes Of safe specie
paying Bank in Wheeling are At discount Of two
and half per cent-athough the intercourse IS so
prompt and frequent between that city and Bati-
more.
Notwiths standing these difficulties the ofbusi
ness in Baltimore IS much nearer TO what 1t was IN
TIMES than il is in any other large commercial
city in the United States. Coincidence IN each other
IN our mercantile community is but little, if al al d.
minis he'd and general disposition prevails TO aid
and accommodate each other.
II is very Justly said in morning paper that the
failures in New York and Philadelphia are failures Of
our creditors not of our debtors and Of
tain no loss by them-Only one failure has occurred
in Baltimore of any importance and that resulted
frsm accepting largely IN expectation OF timely re-
mittances from house in New Orleans, which were
prevented by the failure of the New Orleans house
and but tteinury resulted 10 the friends Of the mer-
chan, in this city.
CHARLESTON, APRIL 6.-OUR BANKS AND THE PREs-
suRE-We understand that the Banks kave, with
great unanmity and liberalty, agreed jointly on the
following terms, for the relief Of our community
lst For the ensuing 60 days, only ten per cent will
be required on allrenewals
2nd That during the same period, the Banks will
curta their preseut discounts or lessen the ac-
commodaton heretofore afforded the community, but
will discount at cash. 10 the extent Of their weekly re-
ceipts.
Srd That approved Bills on the North, be taken at
the following rates 80 day drafts per cent-6O day
drafts 3-4 per cent-90 day drafts 2per cent.
We recognize with great SatlSlaCllOn the ABOVE ar
rancement, because we believe that the temporary
pressure under which this city has been aberlng has
not been the result Of unsOund state OF things a
mong ourselves, but from the heavy curailments
which the Banks have felt II necessary 10 make IN
their accemmo datons-a necessity brought upon
them by large and incessant demands for Specie
At PERIOD like this when the financial storm IS ra-
ging at the cxtremities Of our Union New York
and New Orleans) with little promise Of mitigation
the force Of public opinion should he brought TO bear
fhnCn yUh IN tnr
arc the instruments of visiting The severcs suffering
their fsllow citizens.
MOBILE, APRIL 5.-THE SEA SErPEsT.-The ship
Havre, Capt McKown, arrived from Havre yester-
day, and we have copied the following description OF
the real Monster of the deep, from her log book,
the truth ef which is testified TO by the whole ship
company, 2S in number.
Lat SIS, 80 N long. 26,05 W. saw something very
singular, about 100 feet from the ship, and as i APP
preached, discovered that II was snake; It's head,
which was shaped like that of flying fish, and abou,
the SIZE of barrel lay within fifty feet of the ship
sde and the end tits tail between four and five hun
bred feet in perpendicular direction from the same
color of its body greysh and about the slzo Of a
ships manmast.-As this monster Of the deep mo-
we'd gradually from the ship near tho surface Of the
water, its motion appeared like that created by Sc
RES Of barrels rolling in water in direct line The day
was perfectly calm and all on board had far view
Of his honor, the monster for the space of half an
hour when he shook his tail in token Of adieu and
LIFT the ship-Com. Herald.
APRIL 7.-RAcEs-CLuB's Sd DAY.-Seldom il ever
has there been witnessed on the Mobile course more
interesting or better contested than that of yes
torday Before the time arrived for starting, Virgin;
Fairfield was decidedly the favorite. Indeed, hun
dreds Of dears freely bet that she would VIII
every one of the heats run for Several bets were of
ferod and taken on her against the field and some be
two 10 one the same way. Scarlet il was contendc,
woad be second best, but as for American Citizen III
was 10 be dsianced-" and, no mistake
After due prellmnares the time arrived for starting
the word was given, and the nags were of, Scarle
having the track and taking the lead-American CIti
zen closely following, and Virginia Fairfield purposcl,
bringing up the rear. The mare however, quickly
made play for the horses, and the back stretch
gained upon American Citizen, and, before reaching
the third quarter, passed him, and took her position IL
the middle, keeping Scarlet up 10 his work in earnes
4 TO hold his own. This he did, however, with grea
| good WILL round the Course second time, and
/ third though in the course of tsc third mile anC
/ while running along the strait stretch, the mare :,
gained upon him at one time, 10 cause the multi
Jude shout simultaneously that she had passed him
but last al that moment, she lost again, and had 4
content herself With letting Scarlet win the first hea,
American Citizen came in third best. Time 5m. Sos
The secsnd heats starting was very fair. Scarle
had the inside, but Virginia Fairfield trife The lead
Scarlet soon passed her. however, and was immedi
atey by her passed in return, while American Glitter
was following them with renewed energy. Indeed
before three fourhs of mile was he passed Scar
let, and on making the turn to come home passed thu
mare aso-came in abe ad and thus passed on AM
held his position during the second mile, and tho frs
quarter of the third, when the mare Tapped him for