The herald., 1837-04-22

prints on the Josephs, we beg recprocation of the
like courtesy-and they want further elucdaton of
tac state OF aairs between the two cities, they
have it Till they cry hold enough
Highly important from New Or cans.
The Express Mail of yesterday afternoon brought US
the most disastrous intelligence we have yet received
from the southwest The failure of catman, Woods
q Co., great banking house. will carry one half
Nashville and Tennessee with them, and touch Phi
ladelphia to a great extent The spirit of bank
ruptcy will now sweep over the whole land Nothing
can stop it. We dread the effect on this city.
NEW ORLEASs, April IA, '37.
Friday, TO- A. NJ.
The bankruptcy goes on rapidly Since my last |
have to record The failures of ~ & j. Dick & Co. for
fifteen millions Of dollars; Bullet, Ship & Co., two
million five hundred thousand dollars; Wilcox & An
acrson one million: Buchanan & Hogan who had
been propped up by the banks, one million; Hagan
Niven q Co. five hundred thousand; Caruthers &
Harrison one million; Martin, Peasants & Co.,
three million; YeatSian, Woods & Co., amount not
transpired together with some smaller houses-ma
king, in the aggregate, not less than twenty seven
millions all in two days. Nor IS this all Ecs,y house
in Mis city must go. This is fancy sketch. Those
well acquainted with the secrets Of New Orleans
commerce are bold i'll asserting that nothing can
now save the city. Suspension Of specie payments
is now openly talked Of. Great uneasiness exists
among the holders Of notes. II is begnang 10 be as
ccrtaned with degree Of certainty that there is
not bank in the city bat has been less gut
ied The A,chafalaga, the Union, the Gas Light the
Mechanics and Traders, are perhaps among the
worst Eut there is arriving at the truth, under
handed is every thing carried on here.
One thing is ascei lained-that the amoun, OF mo-
ney coined and put in circulation by the New Orleans
banks exceeds the TnuE value Of the staple and pro-
duce ofthc West and South moro than sixty millions
Of dollars Ifany thing can ever rouse US from our
apathy the present crisis will The course Of Gen
Jackson's administration is beginning to be seen
through. An the orertrading Of the last years
lras the result Of his MEASURES. He offered men a
bounty to be dishonest and they became SO. / do
not hesitate 10 assert, from facts l am cognizant Of
that more corrupt administration of banking cap-
tai than that which has signalzed the management
of The Louisiana banks never existed in any country.
You will find that when the storm shall have blown
over-when the secrets Of bank management shall
have been probed - the bottom--that villany and
dishonesty have usurped the of virtue and true
commercial honor.
Not bale Of cotton-nota hosshead of tsb bacco-
was sold yesterday. II rainsd all day in torrents.
The news from Mexico TO the 30th, tells of great
internal commo,ion in that devoted country. This
expedition against Texas is abandoned. Santa Anna
is growing in favor with the rutgers.
LATEST racM FLoRIDA.-By the steam packet
George Washington, Captain Mock from Carey 8
ferry via jack sonvc have received the Jack SON
Vile Courer of Thursday last Extracts from il ill
be found subioined.
Inaddition we learn from passengers in the Geo.
Washington, that an express from General Jesup ar
rived at Jacksonville on Thursday last with dates Of
the 7ih but nothing definite was CLEANED from him.
One OF the indefinite reports was that neither Philip
or Oscola had come in, nor was Abraham III camp
when the express loh
General Jesap, II II SAID, advises the citizens not TO
return TO their homes until he announces that II
would be sarc-and 10 prevent collisions in regard TO
property of the whites in the possession Of the In
dams, which would probably lead TO renewed hos,i-
ltes, General j. il Is reported will not permit any
citizen to approach with fifteen miles OF ms encamp
ment.
Theintelgence from Tomoka is far from encoura-
gng-and are, we confess, nj some loss TO divine
the cause of General Hernand,z's movement, unless
it is in pursuance of orders received from General Je-
sup, based information which has not been dvul-
ged 10 the public. Perhaps the datory course of ma
ny, with their failure TO comply with The articles of
the capilHaiion-or their appearance, IN some force,
at Tomoka, has caused the movement.
Time will Inform us. Until then, we must be con
ten, TO hope that Florida will soon be delivered Of
race who have hitherto retarded her prosperity, and
destroyed the cherished happiness of her cnterprsng
population.-!S -!Sdrannah Georgian, April 10.
New ORLEANS, April li.--MosEy MARKET.-The
failures stii continue. TN Wednesday the largest
cotton house in the southern country went by th c
board for fifteen millions Of dollars IL is sad they
show assets for sixteen and half millions. The
other houses that have suspended arc estimated nj
| about twelve millions Among them are ten of our
first commercial establishing nts. The opinion among
the knowing ones il that every body yield TO the
unparalleled pressure and arrangements We would
fam hope for better issue, but constituted trad,
has been, and conducted with the secrecy that has
hitherto marked IT, there is telling how the rcye
luton Will eyen,uate The public who are interest
cd most deeply IN the issue, left in the dark In
other countries the press is the organ which they
look for Information respecting the state Of com
mercc Unfortunately in New Orleans, the journals
have hitherto done lie more than reflect very inn
perfectly the prices Of the ain articles of produce.
From the facts In our possession are by means
prepared TO speak cncouragnglv. The storm will
have its way, ans yet the patches Of blue sky tha
now and then break upon but the signs of in
creasing violence.
Nothing worthy Of notice in the market
The whole OF yesterday the rain poured from tho
heavens two or three heavy thunder clouds passed
over us, accompan cd with the most vivid tightening
The day was dark and gloomy, much as io
require lighted candles 10 do business by.-Iru Am
THs TIaEs-WoRsE ASp woRsE.-Thc pressure is
tightening Our merchants are failing faster and
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