The herald., 1837-04-28
THE HER AID.


The meeting OF mercndIltS III ludSO'itN $50
spirit and temper of their resolutions-.hc loue oy
which they came before the world-and tue c,iafao-
ter of the whole movement begin TO develope
spirit in this city that we feared ana ursaueu
be reused too suddenly into action.
We understand that numerous private meetings arc
bad nightly among the great body of the work peo-
nla asd lower classes preparatory to large meeting
in the Park 10 be called together next week, for the
purpose II expressing their opinion the dlsresses
of the times and the true causes of the terrible revo-
lation going on.
The me, chants the bankers, the spectators, and
the higher classes met exclusively 10 express their
opin:ons-and yet they only half entered upon the
subect-ha developed the causes of the present re-
yulson The action of the general government, and
the gross ignorance and obsnacy OF the past and
present executive are undoubtedly part of the accu-
mulating causes but there have been more radical
evils which the meeting at Masonic Hall did not
touch and did not inquire into To satisfy truth-ts
excite general acquiesceace-to devise permanent
remedy We must not take one sided view of such
crisis as the present.
The terrible revolution now in progress, has been
caused as much by those very men who met in the
Masonic Hall, as by the government. We could
and select the individuals from their very com
mittee, whose private speculatons, influence IN the
banks, and general systems of business have aided
in bringing on the crisis as much the government.
We do not speak in this way because we mean TO
excuse the government For the part the government
has AIKEN in producing the revolution we have no
language of reprobaton sufficiently strong to express
our solemn convictions But it is useless for men
who have contributed bring the crisis by their
own past acts TO turn round now and cast the whole
blame upon other shoulders. They have set fire
train that will overwhelm them in oblivion perchance
disgrace
If the great mass of the laboring classes meet to
declare their opinions, they will charge it upon the
government as well upon the ignorant and corrupt
bankers and speoulaors in Wall street-and will they
not have reason for doing so How often have we
told and pointed out and proved to those men, for
year past that they running themselves to per-
dtion? They now and feel, and yet the truth is
rejected We dread the future
While we speak thus Of the recent meeting in Ma
sonic Hail. and its sided views we ought not to
suppress our Indignation the opinions put forth by
the organs of the government here, in relation the
GENERAL state of the currency and the necessity of
some new and scientific organization Of the elements
vet leit standing The "Tmes" which is but the
baptlinc Of the "Commercial Bank" miserable
safety fund mon ser wthouferce or stamina gives out
the opinions and course Of action of the democracy
sr caiedra as if they know the future as well as he
that makes and governs it. Two-thlrds at least OF
the present evils have been brought upon the country
bv the gross ignorance o. such bank managers as
control the government banks Of this city-such
charlatans as those of the Commercial Bank
who establish banks to deceive cheat, and humbug
the people We have again and again proved by facts
furnished by the banks themselves, that to their
trading and banking, is the present crisis, IN
isncton with the action Of Congress and the Execu-
tive, altogether owing. Two-thrds of Congress,
the whole executive, four ffths Of our bank mana
gers, all our sixpenny editors and sixpenny papers
and two-thirds of the merchants and spectators are
severally and jointly guilty of producing the present
crisis Nothing will ever set the country its legs,
but a scientific organization Of all our banks uader
the authority of Congress- Call it u. s. Bank, or
National Bank, what you please, the system can
not be regulated, nor revusion prevented, but by
organization under the supervision of Congress.
The miserable drivellers of power may talk of
democracy" as much as they peasc-if they do not
take care that democracy" ground down by the
joint folly and rapacty Of both banks and govern
men nny take il in their head to proceed to sum
mary and organic rsvolulsn instead of waiting for
the regular action Of our laws and peaceful inss-
tons. Take care gentlemen-iake care.
REyuLrIoS Anoso rHE WALL STREET PRiSrs.-
The Express mentioned on Tuesday that the
Journal Of Commerce" had failed, or become insol-
vent. We believe this is So The managers of the
Journal had spoculaied too much in lots New Ha-
ven and elsewhere. For year past they endcavored
10 give direction TO the secre, spccuatoRs through
their paper, merely to subserve their own Interest,"
This the the Courier used to bolster sp Morris
Canal-or knock IL down, hence that concern became
insolvent for 5000 600
The liabilities Of the Journal Of Commerce are var.
ously estmated-probabIy $50 900; their assets in
lots at New Haven-steck of pety on hand, exclu-
sIve Of their paper probably So 466 Is cents-a Fe-
msh amount truly
THIS IS only the beginning Of the revulsion among
the Wall street prints. They not only do business on
avery extended credit but they have been deep in all
the specuIations Of the day. The Wall street prints
one and all wane, break, and 90 out Of existence,
from the very system on which they are conducted.
Now the small papers, but especially the Herald are
placed beyond the reach Of contingency. All our re-
cepts are cash-and the greater part of il in
MY own receipts, during week, on the Herald ave-
RACES from $1,000 to 81 100 sometimes as much as
sl400. OF this amount probably two thirds. or 5000
-