Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1837-06-14
MORNING HERALD.
WEDNESDAY,. JUNE n. 1897.
Proposed Great Public Me etin IS -Hestors'Aon
OF Specie Paymen


The preparations are rapidly going forward Tor hold
inc meeting in Masonic hail. declaring IN favor o.
an immediate resumption OF specie payments by the
action Of the next congress. This particular move
ment is set on foot by the friends of DANIEL WEB
srsp and il indicates The good sense, sagacity and
the far reaching wisdom which animate their efforts
10 restore the honor and reputation of the country
outraged by the detestabe conduct ofthe banks and
the wicked and atrocous connses of the nanciers OF
Wall street.
we stand :!
The recent general suspension of specie payments
by the banks Of this country is alone calamity
1t deep disgrace upon the national character
burning stain on the reputation Of the republican
utter and almost irredeemabe blot on the falr
escutcheon of free land. Such violation OF truth
integrity law honor and public faith was never before
perpetrated in any country under heaven In FRANCE
England Holland, Italy, or the United States bank
ing institutions have frequently suspended specie pay
ments or ceased altogether, but such caamlties have
been caused by war; revolution instruction, great
political eextes. The preparation, on the 10th of
May last, Of the GRAND vRAuD in this country is unrs-
leved or unredeemed by any excuse, but that of ex
travagance RIGHTEOUSNESS, vice, speculation and utter
folly. In time of peace and prosperity, this gross
violation has been committed. 1t was preceded by
all the dangerous symptoms of an utter degradation in
the honor Of trade and the morals of private life.
The first step that produced this calamity was the
avarce of certain banks in Wall street, who created
the first disturbance in the money market, in order
get the use of the surplus revenue This led exces
sive loans and speculaons in private
life and general RIGHTEOUSNESS of conduct, such
developed in the trial Of Robinson for the murder
of Ellen Jewett Men then begun to be pressed for
money to sustain credit or to support extravaganza
and vice. The same set ofharpes took advantage Of
these wants, and usury became as current in Wall
street RIGHTEOUSNESS in Thomas street. Interest
rose to 2 and 3 per cent per month-the merchants
were pressed the EARTH and all the business of life
fell with them. In moment of excitement, the very
men-the large spectators and nsolcnt rogues, who
were originally at the bottom of the mischief then
secretly persuaded the banks to suspend specie pay
ments in order TO sare their credit and fortunes by
cheating the public atiarge and disgrdcng the nation
in the eyes Of the lcholc ,rorid. The fatal act was
committed. The banks, like chartered swinders,
stopped to pay specie with specie in their vaults. The
whole banking fabric throughout the country, io-
lowed the example set them here.
Thus were the government-the nation-all made
bankrupt and disgraced before the civilized world
From one end of Europe the jest will now be banded
by tho partizans of monarchy and despo,sm. Look
at the pattern republic-a nation of bankrupts and
common swindlers-every bank suspended payment
in week with specie in lis vaults-ther boosted sur
plus Of $50 600 900, where is III All gone-mere pa
per-such are the fruits of democracy and republican
ism" Their taunts passing from London TO st.
H. c~o.. khnl. I'll
are but too true a representation of the fact The
broken banks in Wall street, and their associates in
roguery throughout the country, have dsgrsced and
dshonored this great nation
AT such a crisis this are therefore, glad 10
the friends of Daniel Webster come forward and begin
movement for the restoration of the national cha
racter and specie payments. II such conduct should
eventually make him President Of the United States
we care not-although seek it not. II is full time
for the people Of New York-of this great emporium
10 set up business for themselves and TO show their
true sentiments beyond the influence and power Of
Wall street. The corrupt speculators-thc prostitu-
ted managers Of that street of damnation-that tho
roughfare of wickedness are against any such move
ment as would lead to the resumption of specie pay
ments, through the creation Of National Bank by
Congress. For several weeks the "Courier Il En-
quirer," the "Daily Express" and the Journal Of
Commerce." oil bankrupt concerns, have deprecated
any and every measure calculated TO reclaim the re-
puiaton Of the country lost and stained by the bro
ken banks. These prints, and the ciigEes of rogues
and spectators who control them, for an ire
decmable paper currency order 10 cheat the public
anew-in order to keep up prices stl-in order TO de-
ccive and jugge the wsrd around into the belief that
honor is name, and public faith mere folly.
We call upon the people Of New York to come for
ward and put down the terrible and corrupt influence
Of Wall street. Let New York take noble, open
and gallant stand in favor of the resumption Of specie
payments by the action of Congress, and the whole
nation will follow in her wake. All the mechanical
all the manufacturing, and all the agricultural inter
ests will march forward in noble
movement. III IL should pcrchance elevate Mr.. Web
ster or any other man. to the presidency, who cares7
This country cannot remain in It's present lawless,
dsorganlsed dishonored condition wthou, producing
IN six months revolution of blood aud dissolution
Of the Union. II the people do not now move on this
point and the next Congress &C on it, The sacred
Union aud al our iaus and institutions are gone
foreyr. There be no mistake in this prediction.
The bankrupts and paper swRdlers OF Wall street
who control the Wall stree, press, and who col up
the recent meeting in Masonic Hail. openly declare
their purpose 10 create revolution and blood-to or
qanize bands of ten thousand robbers and murder.
CO 10 march unon Washington 10 pui an and ,o Tho