Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1837-10-12
The ShinpIaster system.

tce Nv SPECTATORS 10 defraud the honest
dustrloas man. the shinpaster system is most assur'
edly one OF the most Infamous. set Of designing
fellows who have nothing lose and all TO gam !
who possess no capital but brass-who too idie 10
do any hard work-too dishonest to be employed III
The lighter occupations Of clerk or bookkeeper, anu
who are too VIGOROUSLY well known TO get creoi' ioi
meal of cold wittals" club their Wis ana thef I'M
pudsnce together-hire room IN wen irtqueh'ea
part Of the c,y-beg, borrow, or gel money enough
10 pay for the engraving OF plate-pronise SOME
newspaper part of the plumber 10 pun them INTO no
toriety and Immediately commence issuing theH
shameful shnplasers based upon the Lord knows
what situated the Lord knows where.
In these remarks we alude to no set in partcu-
lar for we thank heaven that we are not particularly
ACQUAINTED with any of these worthless but we believe
the whole system to be bad and base one, and was
cannot consent to think well of any who embark IN
IT, But for the information of any and all whom II
may concern we shall here detail desultory rambe
which we made among these worthless morning or
two since in order to slft them out, and show them
up among the many mischeyous meddlers that have
tinkered with the Currency and endcavored 10 enrich
themselves at the expense of the palns-'aking and
industrious portion of the community.
Knowing tina, the first inroad to their rascallty, viz.
councils and strike terror into their ranks, it was de-
termined 10 90 the round, and see clearly, what
they looked like and how they bore the news of bro
ther of their order being boxed up in prison. The first
shinp! aster- shop entered is situated in the Ton
tine Buildings, at the foot of Wall This bears
thehigh- sounding title of the "New York Joint Stock
Exchange Company I" Heaven the mark. And
pacards all about the premises, and in front of the
shinpaser. shop assure the public that there is in
some way or other connected with the concern, at
least hundred thousand of land, either in Tex
"a or the moon, it is immalerial which. The notes
of this establishment run from l2i cents upwards in |
value-each plate being differently engraved and or
namented and the wording on each runs thus -
: : : . . . oeeoaeooo
The New York Joint Stock Exchange
or Sp :. are il current bank Bills twenty five
cents on seeousl coooso,v
Q BIZ fi' ScHTss. Q
eeoeeeee eoooeeee
Now, although one of the above signatures would
seem to signify that the bill good nolr, God knows
that we believe it will not be good long. Who Mr.
Goodnor or Good by and-by, is, we cant tell-nor
whether there is such person but Mr. Norton we
believe is Texas patriot, whe was fighting the bat
ties Of that republic in the United States, whilst her
brave defenders were shedding their best blood on the
soil they had sworn should succor none but freemen
He NAV, or NAV not, have Texas lands to sell but
such il the state of the titles of and claims to- ana
grants of land in that country that we do not be-
heye one quarter Of the Texas lands sold out the coun-
try will ever be worth apenny to the purchasers. of
this, however we shall speak particularly here
after; for we have the documents" what we have
now especially to picture is the shnplns,er- shop.
And here we shall detail the whole story as told by |
our vldocq, and in his own words.
We entered the room-a large, dirty, un comforta- |
bic looking concern and saw two persons behind tho
counter, doing nothing but looking anxossly towards
the door; looking, thought, as though they ex-
pectsd their prey police officer; one fellow was
lingering his hair, rs though his fingers had been so
well trained that they must be lingering something.
Both looked pale, and any thing but placid we be-
gan
"You make money here"
"We exchange money here"
"oh, oh, exchange is no robbery"
Robbery with terror.
"You sell shinpasters, too"
"You spoke Of robbery"
"Ane now speak Of shiRPlas,ers, they are closely
connected"
They then informed us that their shinpasters were
the best in Christendom-that those OF every BODY
sse were bad; and that they wouiu go any ~"e'e
down east all Of which know TO be false for they
will not buy bit of bread down east; nor would
they any where else, if people were WISE Butfor all
this we could not ascertain what the notes are based
mon. nor do we believe that any one else has been
more fortunate in that respect than ourselves
We learn. however that this establishment have
slso struck off two or three different kinds Of copper
tokens which they pass for cents, and with which, to
keen up appearances, they occasionally change some
Of their q and 70 cent shnplasers. These, we are
also told cost them 60 cents the dollar, and the
calculation being that one third Of all the shnplasers
sent will either be lost, out or never return
ed, these spectators, therefore, contrve, by this
scheme to realise only about 20 per cent all their
ssues out OF the hard earnings Of the honest me-
chanic
On leaving the above place we entered the estab-
Ishment of the " New York Foreign and Domestic
Exchange Company" These fellows 90 on little
bigger figurs-they have one dollar bills, and up-
wards and they desire to shiupas,ers circulated
abroad, ar we'll as at home. Their notes run thus:
ceeoeseos ooee eoeeeeeo
q Stockholders pers onaly Responsible"
a The Eastern Bank of Baneor, Maine,
= nav 10 w. clay, OF bearer, for the York
Foreign and Domestic Exchange Comps-
ny, cne dollar demand In curentb snk
notes : ,,.- -