Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1837-05-23

credit syst m has been the ruin of the country.
will for avoid it altogether, and thus, united with
our EIecuve despair not to restore specie payments.
! nm yours, &c.
JAMES G. BENNETT.
Nh. EDIron-The intelligent part of this commu-
nifty begin to think there is something which savors
little Of knarery in the great ado you make res
pcchng the suspension Of specie payments by the
banks Pray what adrantags would have resulted,
had they continued to pay until the last cent had
been drawn out? Have you any doubt that the last
cent would have been drawn out in twenty hours
had they continued to pay How silly it is for you
to talk about tn, banks selling their specie, when
you cannot give reason in favor of their SO doing;
but the contrary kn0so that their destruction is in
evltabe, shoula they adopt any such course Is II
not reasonable to presume that the amounts taken
from the banks since their suspension were special
deposites1 Did not 100000 in specie arrive here
day after their suspension and is il probable
| that the owners Of it would keep it in their own
stores or houses BE reasonable man-and endeavor
thereby 10 command the respect OF the upright and
rejecting rather than the cheers Of the ignorant and
| designing. A. Il.
RErLy.-We can answer the questions of our cor
respondent, by putting similar questions. What sort
of reflection uprightness is there in number Of in
divdsals, under the wing of bank charters refusing
to pay the thousands of poor people on whom they
palmed their paperl Can high moral sense in any
| community support wholesale swindlingl What
is the use Of banks if they are TO be permitted
| thus TO cheat whole community? Is the conduct
of the banks in 1897, any different from that Of the
bond companies of 1926, the managers Of which
were indicted for conspiracy TO cheat, and some Of
them sent to the States Prison7 Is poor devil who
steals leg Of mutton {, stay hunger, or cloak TO
his nakedness alone TO suffer the penalties Of
the law, and swndlers in high life 10 escape?
| We trust we never shall be recresnt to a high
moral principle, "a defend the outrageous conduct
oil the banks. Stem necessity may be said to COM
pei the thief to steal dinner but is that any reason
that the law should be suspended for his benefit Let
the laws be carried into effect equally upon the thief
and the swindcr. When we mean to exercise mercy
let that mercy be shown after the verdict is recorded
not before.
II il be knavery" thus 10 support the laws ant
the constitution, are content to be such knave
JAMES GoRpoS BENNETT, Esq-Dcar SRI an
truly sorry for yeur msfortsnes and error, by pub
fishing for lnsolvents those that are not, for which
you are held TO bail in heavy amounts. l am conf
dent that your nobleness and integrity would not nj
low you TO report such from righteousness and ca
price; consequently, to aid you in your dilemma
hope generous public that can appreciate you
worth, will beraIly contribute; for which purpose
hope you will accept and consider this scrip equal
five dollars IN your behalf and when your case is de
bill issued by the frauduents of Wall street hop,
sir yos will duly consider your oath Of allegiance
4 the constitution of the United States; ALSO the au
dacy of that renegade press the Courier that revolt
ngly called upon the merchants to resist the genera
government IN their sp6 Gle pay ments, and ofhc
to perlure themselves by abandoning their duty. Let
sir, .he mendcants Of the United States Bank know
there foreigners Sufficient in the country that hav
sworn fealty to its constitution TO proc il any mo
mcnt Uncle Sam demands their aid and abundance
of pairotc interrupted descendants of tho heroes
the revoaoten Of 76 TO head and cheer them in tn
enterprise Go on dear sir-wage an exlerminstin
against the speculative pcculation spoilers Of
Eden-don't COMPROMISES care, flee temptation
or else they will aso corrupt you by their mammoI
Of midnight plotting ungodly gain.
respec, you as you are MovsTAiSEEs.
| CLEopATHA, LA Belle NATuRE, sT DAPHNE d
L'OLvMpE are at home at IL Park Row. We advs
no one to 20 and sec them whose taste is not suffi
cientiy pure to allow him TO contemplate naked ri,
turss and statues merely beautiful works of art
| All others should keep away.
fr II 10 in contemplation to establish three ney
banks in Alsbama, with an aggregate cspal O
| 100000.
| The combined navy Of Turkey and Egypt is to b
differed with Americans. Hold up your head, iona
| than.
| ~ Bsnnistes has brought out real negro--old
| Corn Meal at the Camp Street Theatre, New Or
leans. lie appears as Vocalist. Taste.
! HF A southern paper says, mind has ever play
- second sddIe to impotence" The editor has pro-