The herald., 1837-04-29

By the Express mail we have the following intel
gence.
New ORLEANS, April 20-Worse and worse, says
Bennett Worse and worse, say we; notwihstand
ing the senseless cry Of interested parties. Their pa
ting about confidence will not restore it. When the
disruption IN the commercial community shall be
complete, when men determine on doing business
upon capital and not upon the credit system, then
shall we begn 10 go ahead again. New Orleans is
not whit better OFT than New York.
The general suspension OF specie payments IS
still talked Of Bennett shows conclusively that II IS
an idle and wicked scheme,-that il is only putting
the evil day farther of. The resumption of specie
payments will be accompanied by just such times as
we have now. 1t is evidently the wiser course ohod
Out, even II every merchant be ruined IN the coun-
Try. Ihat thls will be the consequence OF persisng
penence to teach u.s. But if we once get through on
that principle, capital will henceforh be the basis of
commerce. This IS a consummation of great con-
sequence-Ir Am.
APRIL 2l.-MoNEy MAnKET-CIry-FRIp IA.
M-Things are more quiet Money IS as hard as
ever We look with trembling to the effect our dsas-
ters will have upon the English money market. Peo-
pie will act wisely to await the result. Ii bills are
paid in England, we shall soon recover from the ef-
fects of our madness and folly. But il thew come
back woe to our affairs for the next four months. No
failures yesterday that we heard Of five can pass
the 9th of this month"; we really believe that laugh
may be raised on Canal and Chartres streets.
Sales are small, merely 10 keep things moving
rate article; Is do. Louisiana, good u cts. Flour
will now be forced, the season is now advancing
we give 100 bbls at SO. Whiskey commands 80 33
cts 800 bbls at 80 Lard, 300 kegs best AT Scs.
Salt ground alum, 500 sacks al ST. Colee, Is bags at
III cts. Rice, % ierces at A cs
Should the government close the Land Ohces,
much good will arise from the measure, as II will close
the door 10 speculation IN one quarter. ct IS m
tended not to advantage the country. The object -
TO throw the spectators lands into the market for
people will buy SO long they can benefit them
selves.-Ibid.
Col. r. NJ. Johnson, Vice President of the United
States, has arrived in our city, and viii spend lew
days with his relative, William Chrsty, Esq, Caron-
delet street.
The trial Of Reynolds and his accomplicc, for the
murder Of Barre, takes place tomorrow. Able coun-
sell we are informed is employed for beth Of these in
dviduals
the schooners Cumanche and Sarah Ann, which
will be very acceptable in this time of scarcity.
MEXICO BY passengers arrived today from Mata-
moras on board the schooner Cumanche, we are m
formed that few days previous to their departure
about $4,000 had been received for yng the troops
but that the officers had kept nearly the whole of it
for mseves. Gen. Bravo had resigned the COM
mand of the army-a portion Of it had already left for
civ ofMeXico the expedition against Texas having
vessels Of war have been off Matams-
ras lad again sailed for Tampico, leaving
only ol sChooner for the protection Of their COM
merce-Conrier
Cnl aLEsrcS, April 23-FRoM HAvANA.-The brig
Pegasus, Capt Joye arrived at this port Oh Saturday
last from Havana.
we received no papers by this vessel, but learn
verbally that some large mercantile houses had been
under the necessity OF suspending payment in that
city.