Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1837-09-25

Annexed will be found the commencement OF q %
res Of letters from correspondent, calling himself
the Spy in Philadelphia" who promises TO give us
early and correct account Of all the movements IN
business and fashion in that gay, bewltchng, ambi-
tious naughty charlatan city.
The means of Information possessed by our cores
pondent are ample. He is, however entirely anony-
nous, but although unknown TO us, we have some
shrewd suspicious who he IS.
The struggle that now begins with the measure of
Mr.. Jaudon, is curious and amusing. 1t a struggle
between New FORK and Philadelphia for the foreign
rade-a struggle between the great fnancier of Ches
nut street, and the smaller of Wall street. for sa
premacy in monetary affairs. We are independent Of
both will tell the truth of both cut to the quick
both, when requred-and approve both when they
deserve approval.
PHILADELPHIA, Sept. %, 1887.
JAMES GORDON BESSETT-Sr 1t is my intention
10 Increase the circulation of your paper least 1900
per day. by furnishing you, from time to tme full
and true account Of the sayings and dongs, POLITICAL
monetary and fashionable, of the city Of brotherly
love, which, by the way, bids fair ong TO be the
monied, aye, and commercial emporium too, of these
United States
The money king has made his first great move on
the commercial, and it may be, the Presidentialchess
board.
Mr.. Jaudon, scashier this day rendered his resg-
nation, and is busy employed in packing up and ma
king The necessary domestic arrangements for per-
manent establishment in London; whittier he goes
forthwith, with his family, not for temporary pur-
pose, or short sojourn, but as the resident CONNER
cla and fiscal agent of the giant monopoly he repre-
sents.
thp0,.
ing into the hands Of the Messrs. Barings, the i'm
mense profits in the shape of brokerage, commits
sisns, &C., which are about to accrue in the coming
season-neither is it thought prudent any longer to
permit rival mercantile house (for Mr.. Biddle is
about turning merchant well as banker) to fathom
the secrets of projected mercantile operations.
The credit of Mr.. Bidde now stands so high a.
broad that the Intervention aid of the Messrs Ba-
rings can readily be dispensed with; and whenever
funds for the perfection and carrying out his gigantic
scheme are wanted, Mr. Jaudon is on the spot, to
make the necessary arrangement with the bank of
of England for that purpose
new era has commenced, and Philadelphiais des-
tined to take her stand among the great cities of tho
earth.
Mr.. Bddle ardently devoted to the state and city
of his birth, and determined toadvance the prosperity
of each to the uttermost; with an eye that never
winks, and wing that tires, supported and en-
couraged by board of directors, whose only bust.
is attend TO the details and register the edicts
OF their chief-wilh capital of 35 millions, and
credit of IS millions more backed for like amount,
if necessary, by the Bank of England and English
capltastscan regulate and acM regulate tie curren
cy and commerce Of the country.
In my next will shadow ont the details of this
Waterloo plan. say Waterloo plan, for i, will end
in the degradation, defeat and discontinue of his
commercial, POLITICAL and monetary foes
THE SPY IN PHILADELPHIA.