The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1837-05-26
NEW York, MAY Is.

NEW tORh, NAY io'
All of all parties in this city felt some Gu
riosi,y 10 read what the Government organ
wound saw. when the explosion of the Safely
Fund System should be heard in Washing
ION. Tame If is as a kitten Even the
Government. we learn, is bankrupt now
|, cannot paw lis debts in a legal tender
II has not dollar OF gold and silver IN the
world That Government which seemed
10 triumph IN the rum OF the merchants
and TO regard with glee the merchants as
they broke, cannot now even pay 'he SEA-
men on board Of national ship IN ms
city 10 gold and silver saw The ifesl
dent of one of ITS iavoriie pets in brokers'
shop this morning, buying silver ana th's
under an Administration which was TO make
the gold peep out Of the lntersllces oil the
poor mans purse, and run up the Mlsslss'P-
Of as the water runs down The Globe
boosted that the mnis would soon be iuli,
and threatened to take cart loads from the
net hanks there to be coined The secre-
tarv Of the Treasury now has no, siSpence
~ the world. He cannot make his trans.
iers under the distribution act even, lie
is powerless in tire prostitution the fsper'-
ment has brought about. All this -, N.
deed, the commencement OF The end.
The CITY Government OF New ork has
refused 10 issue small notes, and the vote
was unanimous. They very properly say
that the Legislature can assume The re.
sponslblliiy It they choose, and they see no
reason why Wing city should come ior'h
and snatch the currency from an expen.
ment which We are yet told BY some people
IS good one.
The Boston Banks hare suspended spe.
Gle payments. All New England must now
follow. All the Safety Fund New York;
Banks explode the moment the news from
New York reaches them. The Begisa.
ture Of Massachusetts will, II IS sand, be
forthwith called together The lTg'sla.
ture OF New Jersey IS ALREADY Summoned.
The States mnsl now 90 10 work, and at.
tempt to revive the patient whom The TX
pertinent has killed But, can they No,
never shall be very slow 10 believe that
the hundreds Of Banks IN twenty six bank.
creating States can ever resume specie
payments Tor cJnccrt Is impossible and
when silver IS worth ten per cent, The
Banks, ISSUING notes al SIX and seven PER
cent. vill never lpse three aud iour per cent.
tor PATRIOTISM. Tho patient - killed al
last
The New York Legislature have passed
the law to sustain the Banks, and the Safety
Fund penalty IS oil suspended. THIS IS
} legal public confession d imPotenoy.
1 The ship Of the line independence, Il y
sad, caanot sail from Boston Tor want o
specie. Are no, Pc, Bank notes current
{ il St. Petersburg Ii 50, Mr.. Dallas col
60 on hls mission.
PHILADELPHIA, SArrRnAy, May -.
The immediate reasons WHICH induced
tie Bank OF The United States to suspend
have been made known. !, IS because o
+ the suspension OF the Government Inc
bank holds some large claims upon ih'
Treasury and Ca presenting shem Tor pay
mcnt, the Treasury OF the United States re
fused, by It's agents, 10 pay ITS liabilities II
specie Ia consequence 81 th,s vlrlua
. bankruptcy and actual suspension OF th'
Treasury, the United States Bank felt ',sel
obliged 10 suspend, and thus prevent II
specie beng Withdrawn Tor objects toretgI
) to IL institution.
4, ies,e fday the following Transaction OF
5 the part of the Government officers tool
place N Philadelphia Some merchant
. called al The custom. house 10 make pay
/. meu,~ of bonds, for non payment OF wh'ci
/. Mr.. " oodbufy has decided that they shal
. he immediately sued At law; they offered
10 uny in notes Of the Government tcposIt'
' bank, VIZ. the Guard Bank, but they wer'
. refused, and Though nov Government haI
e for some time suspended specie paymeni II
= self they were lmperatsely required 4
+. pay the whole amount Of duties 10 GOLD o
2 SILVER under the Treasury threat OF I'm
mediate suits at law On the very sans
day, the same custom house, having debcn
+ lures and other liabilities 10 pay, did re
! fuse to paw, IN specie Thus Government
4 exacis payment ~ specie, and itself reil'se
Q To pay 10 specie, but forces ITS creditors {,
c take paper Justice justice
! Again This morning only, respectable
i, metchan, Of this city having TO pay the d
$ noun, OF two bonds for duties to Govern
|, mep, rendered payment to the Governmen
e in its o,cn notes, and they were refused an,
e he was told that Government would recclV
|, nothing bu, gold and silver. THIS IS afro
clous the Government refusing 10 receIy
k It's own paper