Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1837-09-20

VIII contain the latest intelligence Ho"' 49,. ~'
and Washington
List OF Sound and Solvent Merchan's' I'M"
others, for 1887.
We are now nrenaring and will be ready TO publish,
in few davs List of The Mercantile Houses, Mer-
.honts Baakers and Brokers, both in the foreign
nm. domesfic trade who, by their talents, virtues, en-
nov and skill in finance, have weathered the great re-
vulsjon. Deyfhmng on Inc Inn Of March, and ending
with The suspension Of specie payments On the llth
Of May last.
The great importance and utility Of the famous
LIST or BANKRupTs for 1897 which we published IN
Nav, have been acknowledged by commercial men
in Europe and America. 1t is true, IN the hurry and
excitement of the period at which the publication was
made Ming were made, about three or
four names in five hundred, but on the very next day
these errors promptly corrected, and thus all the
injury that could happen to individual interests entire
ly avoided. Only single mistake was seized upon
by malsvolence and made the basis of a series Of
prosecutions which have as much dlsgracsd those
concerned in them, they have reused the generain
dgnation and contempt of this generous community.
That publication, of which many thousands were
Sold formed solemn array of facts, highly calcnla-
ted advance, and enlarge the philosophy of COM
science yet in its infancy, IN this country at
least. That the first attempt to elevate trade and COM
merce to the dignity of a science, should meet with
the same treatment in the nineteenth century, that
Galileo's attempts to dignity astronomy did in the
fifteenth, does not surprise nor asonish. TO disturb
the repose of gnorance-to shed new light upon the
world any subject never fails to create terrible
commotion among the corrupt the foolish, the mali
cious the barbarous the immoral, and the old and
silly. Calico was imprisoned in the dungeons of the
Inquisition for daring PHILOSOPHERS on astronomy.
Bennett came very nearly being imprisoned in the in
qusitons of New York, for giving the same scientific
elevation to commerce and currency. The hnanciers
of,he Holy Office clearly that the tendency of the
great Italian astronomers discoveries and views were
death and destruction TO their prcjects-to their SUPER
st,ions-and to the impostures with which they held
the world in chains. The financicrs in Wall street
equally discovered in the statements the reasonings
The views of Benefits Wall street reports, utter rum
10 their systems of fraud their coverings in stocks
their monthly g, or A per cent shavlngs by which
the community was cheated into the belief that rot
tenness was credit and rags better than gold and silver
The same course Of malevolence was pursued in both
cases Under the technicaities of unjust laws, the
philosophic astronomer was imprisoned in the Inqu-
sition and the phosophic inancier was fined $500,
for daring to enlghten the world, and shed know
But the nineteenth is not the fifteenth century.
The spirit Of persecution met in the outset, and
tramped in me stree, IKE mad dog ben, mis-
chef My fine of $500 was paid by generous sub
scription on the day after sentence.
Encouraged, therefore, by a just, generous, an
enthusiastic community-a community the like of
which never yet existed since the fall of the glorious
"city of Mnerya"-we shall proceed in our philoso-
arfq in aurco
ful analysis and in the whole Of financial rea
sonings. From the indications around us, as we
have already shown in osr Wall Street Reports, by
an appeal 10 unquestonabe facts, there is strong
probability of a returning tide Of prosperity in
foreign and domestic trade fran this day hcnceor-
ward, the like of which no country possessed
not even England in all her glory. The crops are
immense-ihe banks arc nearly ready TO resume-the
government is about issuing its Treasury notes to
store the exchanges for time-a!l the elements OF
con6deace are ready to start into action on strong
er and better basis than they show even in En-
gland.
In his state OF things il Is due the srogress of
truth and of science that al those mercantile FIRMS,
brokers', merchants, and dnancers who weathercd
the late reyuson, should be known 10 the mercantile
world abroad IL Europe and Alta the estimation in
which they are held here, and the strength Of The
sources by which they rode out a commercial huFr-
cane, the like Of which never has been known in an
tecedent history.
We shall, therefore, IN pursuance OF these views,
and with an intense desire OF benefting the city Of
our ADOPTION and of aiding to utmost extent the
reconstruction of confidence and credit We shall pro-
cure full Isi of the firms have mentioned, and
publish them at length for public information, both a,
home and abroad.
The high credit which the Herald has attained in
commercial science both here and in every country
an Europe makes the suitable vehicle for this list ef
the leading men who, from having passed through a
hurricane untouched, will have the merit Of enjoying
high confidence and credit in the next great cycle OF
prosperity just about beginning lts onward march.
Our circulation in the United States, in France, IN
England in all Europe, in the West ladies, IN South
America il at this moment greater than that Of any
paper ever published in New York Our ambition Is
10 see, before die New Yerk become the first COM
mercia city the world-and, TO aid IN the realiza-
ton Of this hope, have the secondary ambition of
makiaghe Herald the first Of its class that was
H. or can be published In our List, shah put
down the name of no merchant banker, fnancer, or
broker of doubtful character II will be composed
OF the prime and pure elements Of health talent CAPT
tai, and reconstruction. Ifa seaman guides his bark
IL hraa nm - 49,.