The herald., 1837-04-07


II is really time for the corporation or the egisla-
ture TO take up this subject and examine il fully The
encouragsnentwh the system gives to vagabonds
and rogues is Of the most extraordinary nature. II
is full time to probe the system to the bottom.
From the South-- commercial Excitement.
BY the Express mail wo have very exciting accounts
from New Orleans and south. The following are ex-
tracts
New ORLEANS, MARCH %, lS37.-THE CRISIS
The crisis has at last. The Jssephs have sopt.
Ever since last January ominous signs Of approach
ing disturbance in the commercial world have from
time TO time arrested the attention of the most care
less beholder. The 9Th of March brought with il an
accumulation of evils too heavy to be thrust aside and
many OF our first houses suspended operations in con-
sequence Day after day, the Express Mail gives us
notice of the disturbed condition of the New York
Money Market, and of the enormous price demanded
and actually received for the use of funds Passing
by the share that the g for the last eight
years has had in producing distress in the monetary
world we come at once 10 the consideration OF our
own affairs. For the last ten or twelve years, mo-
nopoy of the cotton BUSINESS has been steadily grow
ing up IN Canal street. Till IL has engrossed more than
half the capital provided for the community in general
i by the wisdom of the Legislature. Nor were their
dolngs confined to the simple operations of commerce
with the article in praesen!e, but they extended to
purchase Of the great staple the seed Of acich mol
get planted In an extensive growing country
like ours il is net difficult 10 imagine the amount
4
cred, whatever the amount may have been lis devo-
| hsn to this purpose tantamount to absolute
abstraction OF SO much money from the natural chan
ncls OF trade. In other words what these monopo-
lists advanced on the crops not get planted and the
amount was immense, was so much taken out OF the
public pocket.
MARCH 30th.-By slip from the Courier Il Enqul-
rer office it would seem that Messrs J. l.. 4 5. Jo-
seph have resumed payment-but this we do not bo-
lleye. Bennett-the argus-eyed Bennett-says ne
thing in relation 10 il; he must have mentioned the
circumstance had il taken place He promises short
y 10 give brief erp0sf Of all the cotton transactions
winch nave taken place IN the south tor the last eight
or ten years.
1t would seem from the various accounts we have
received from the norih that great dependence pla-
ced on the New Orleans merchants for relief in the pc
ctlnary distress and arrangement Of the money
ket existing in New York and other northern cities
! on have CONS 10 the wrong shop" gentlemen.-
Our principal business men find it extremely difficult
10 take care OF themselves without rendering assist
ance elsewhere. No; every man-every cty-must
fight son his and rs account" and patiently wait
the issue OF events One thing IL certain, the pride OF
the mighty has been most slgnay humbled both here
and at the ncrth--a consummaton we have long and
most devoutly wished TO take place Picdyune
MARCH 3l-A rumor was rife in the city last even
ing that the Rodney (Miss) Bank had failed and in
in consequence, many Of its notes sold dis
count of 80 per cent.
The Kentucky, Indiana, and Ohio boatmen will
now take nothing but specie return for the pro-
ducts brought down by them, and il IS common 10
them vending their way the evee with bags of
silver dollars in each hand-American.
A great deal # dissatisfaction expressed by the
holders Of the Memphis CTen) paper on presenting
che same for payment at the bank in this city, where
they are made payable at finding there were no assets
to meet the same, and consequently they were worth
no more pro tenn than the quantity of rags.
| Truly this is a bad state of things; but then we
| have the consolation Of knowing, that II things do
not get gread deal worse, they may geat great
deal better that is, II another heavy house don't
| drop IN this cy.-Herdid
ELEMENTARY EoucArIos.-We have some few
| IDEAS to give on this subject great change is in
progress in the principles Of elementary education,
which will cause a complete revolution in the mental
and moral attributes of the age and generation.
Not long since, respectable looking gentleman call
ed at our Office, and asked if we could furnish him
with fifty or sixty numbers Of any back date Of the
Herald, all of the same number. On looking over a
little rubbish, we discovered that on some rainy
morning a hundred back numbers remained on hand.
"Do you want any particular number, Sir?"
Not at all, replied the gentleman, "almost any
Number will do"
| / was curious TO know what he wanted Of them
"Do you want them to wrap up wi,h?'
"Not exactly" said he, with a smile, 81 don't
deal in tea sugar | teach youth"
81 should not think parcel Of old Heralds would
BE- Of much service TO you"
"They are" said he, " the truth is want them fol
literary purpose"
looked up in surprlsc-"so SO many Of the sam,
number for literary purpose y
Even sol keep an academy, and | want fifty
or sixty Of the same dates, of any back number o
the Herald TO put into the hands ofmy pupils taking
the plac, of the usual relding books a, school,"
"Thats new idea" said l, (Which never saw
| or heard Of when was at school"
"It is se,' said he, "but find it is very sood
one. NV boys-any boys-and especially girls, viii
learn five times as much in week by learning 10
read or spell from newspaper, than by using the
schoobooks published by the booksellers Of the pre-
sent day"
IL can easily conceive" said !, that such an ef.
feet might be produced. The vory matter, and every
day business Of newspaper, create an excitemen,
in all those that but half understand the subjects
treated on"
IL have Observed said the gentleman, that IN,
Herald particularly fixes the attention of my boy.
and girls-and that they anxious TO get the
paper and begin task, they were formerly "a
20 to play. Besides, sud he, teaching to read and
| spell from newspaper, is far cheaper than from
school books. probably to the parents rs per
Il -. Il a.