Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1837-06-07
La GRANGE, (Geo. J. May 18th, 1887


Editor Of the herald -Sir,-I have long since de-
ermined upon subscribing for your witty paper, and
shosd certainly have written to you Tor that purpose
before now, could my Imagination have suggested the
means Of complying with Its conditions, which
perceive are "cosh in adrance" In attempting To do
this, obstacles at once present themselves; first
cash in this part Of the cosntrys exceedingly scarce
unless the bills of broken banks be regarded as
such, aud cannot therefore be easily advanced; and
secondly, the law prohibiting the circulation OF small
bills would prevent me from enclosing you the re-
CURED amount even supposng the article to be at
hand. have seen II suggested by some editor IN
the West perhaps Prentice of the Louisville Journal,
to place Tom Benton at Chapel Hill College again,
and see il no could not devise mode of relief for
the sufierngs of the people, or at least effect that
which the mint drop system has totally failed to do
propose TO get Gen. Jackson TO issue Post Notes
payable Of the surplus fund of the Treasury at the
end Of Van Buren's dynasty. This course II seems
10 me would afford great relief il would doubtless
meet the views of he gisryfcation party and pass
muster with all those who have so long believed IN
theinfabilty of the "Oid Ckicf;"-and would more
over answer in the place of a United States Bank
which we greatly need. doubt however whether
the General would give up his antpahies to monsters
in any shape
Seriously we de not know what the country is TO
do | wish To make remittances To New FORK, but |
cannst purchase exchange at any price, and all the
banks in the city and country have stopt payment.
What then can be done? the answer IS, nothing.
Should any OF our merchants visit New York this
summer, will get them TO call and pay you, provided
you will in the mean place my name on your list
of subscribers for the Weekly Herald and send to the
address of yours respectfully.
REpLY-I am sorry cannot comply with my cor
respondents polite request set out TO do a cash
business entirely and never will change my resou-
ton on that point. | will send few numbers OF the
Herald to him gratis, but | cannot depart from my
rule. As to the country I by no means despair of IL
4 nh r 1 s,YG, n.
: bring il to its senses. The medicine works beaat
| fully. We have Just reached tho termination OF III
first stage-a suspension ofspecic pdymenfs-a break
| ing up of all the exchanges-and general state o
| disorder and confusion We are now entering upor
the second stage, an irredeemabie paper currency
This will be more rapid process than the former
| will be the devil take the hindmost." BY July
1885, we shall az people, reach the bottom, and re
turn to our former senses. Until that period mus
suffer as the early Christians under the despotlsm
| the pagans Since the year 1929, when the safet!
fund system began, we have been governed by pa
Qans, and gradually reaching the present state o
| things. Yet don't despair. We have yet the fin
women and fine weather occasionally to comfor
as. They are not suspended. Both are beautiful al
| ever.
The New York Herald Wig to the pery hart
has made an assertion which correctly gives the un
evocal lie to specie circular conden,ners. II say
"s the talk about the specie circular gross dcluson
Its repeal would not effect the country dollar
"The specie now in the Western Banks is necessary
IA such or ss AZ this TO sustain their very existence
| Fyorkfoyf (Keufweky) Argus Of May 18th, 1887