The herald., 1837-05-09

the savings of Macbeth few minutes before nc sus-
pended specie payments under the sharp pointed
sword Of Macdulf-
Aud be these juggling finds no moIs believed
That keep the word Of promise 70 orear
And break o pe.------------
1t seems that on Sunday evening last-the petter
day the better deed-his Honor, the pious Mayor OF
this city, accompanied by the chief bankers ana Valu
able inanciers Of Wall street, had meeting at the
City Hail. for thepurpose of consulting and de'ermn
ing on the situation of the times and endeavoring #
possible 10 extrlcate themselves from the conse-
quences Of their own folly and their egreglous ignor
ance, during the years 1885 and 80.
The meeting was apparently called to discuss the
propriety Of letting the Dry Dock Bank go out of
existence by dose Of prussc acid-but in reality
the tue object 10 pare The lray, and prepare the
public mind for general suspension Of specie pay
men.s by all the banks in this city and state We
know it TO be fact that several of the country
cashiers and bank managers recently here were very
anxious to turn rogucs in body, and to suspend
specie payments throughout the whole extent of the
state Our city bankers have been whispering around
the like opinion. The meeting held on Sabbath eve-
nng agreed therefore to let the Dry Dock dry up at
once 1t was adopted as Grant courier 10 see Its
effect upon the public mind, and to prepare tke way
for the futare.
The Courier and Enquirer the organ of all kinds Of
specuati.n and nfamy, was also seected-par mobile
fratrum-on that sacred night, to promugate the
feeers for that suspension, and, accordingly, well and
truly does that excellent print discharge its duty to
the movement of egazed and chartered swndling
without parallel in the annals of crime and impos-
ture. After affected carnesness of feeling and
description of the state of the American houses IN
England, that leaves not hook TO hang hope
upon, it comes warlly on the point and closes with
the following dephic oracle:
The suggestions we have thrown out would be still
more incomplete than they are, if we did not call on
the banks to act in concert among themselves, and
with tho people None of them strong, that in
the present state of things they may wrap themselves
mp in fancied security, and think they avoid the
common danger.
Suggestions -" incomplete" banks act in
concert" none strong to wrap themselves up
in security" These ominous hints are no doubt,
silly understood by the specie e-suspending" confede
rates, who, with the mayor Of this city at their head,
and the devil at their tail, have brought the country
10 ifs present horrible condition.
There is, however, one error in the manner and
mode OF feeling their way into regular suspension
of specie payments, and assuming the open garb of
roguery and dishonesty. The people do not-and
will not understand these sly hints and obscure inu
clique of the State Bank, be more explicit? Will not
the managers of the Manhattan, America Mechanics,
and all, talk in common, every day language, that
we can understand? What is the use of mystiiica-
tlon now? To their ignorance Of the first elements
of fnance-to the gross ignorance of the ordinary
rules of paper currency, has the country been
tempted into its present condition. and brought 10 the
verge of revolution, riot punder, and pllage. Why
30 much delicacy in the last coup de grace? Why de
not our banks come out like bold rogues, and adopt
suspension of specie payments at once? Why do
not they openly show their hand and juggle no
longer the public Why do they not prove paper cur
rency and patriotism to be identical? On former oc-
caslons Mr.. Gallatin, and Mr. McLane, now the
chief counseors and advisers-the one helped to
bring the country TO a similar condition in 1870 H.
and the other in 1882, g. and A. They have expe-
rience in the business Of vanishing, and they can
make the deepest reguery, on compulson appear the
simplest honesty. Their cold blooded destruction u
the Dry Dock Bank will only hasten he same ca
lamity on its associates in folly and guilt. Why,
therefore, delayl Why hesitae2 Why hang back
But there are other grave and forcble reasons viii c
ought 10 satisfy our bankers that all delcacy ought
be cast aside as the beauty throws aside her glldec
ornaments on entering the bath. For six or ten year.
past, the banks have had ample practice in shaving
their customers-specuating on Understanding
out the profits of the merchants, and squeezing the
last drop of blood Of the mechanic. These prac-
tees had inspired with hopes that they had al length
attained the acme Of bold faced yillany. Their de-
lcacy and modesty in the present crisis, would be
surpassed by any sixpenny pickPocket or half dollar
burglar studying finance in Sing Sing, read
ing lessons on banklngin the Penetentiary.
The banks ought not therefore, to be creeping and
crawling TO their purposes through the columns of the
Courier and Enquirer. They ought TO take leaf out
of the book Of their accredited orgaR-if they the
public heavy differences the speculatons Of the last
few years, why don't they at curse Morris Ca
Aa and die-insult their creditors and refuse specie
paymenis-knock down those who say it is wrong
and continue sport their herscs and splendid
private carriages with lvened postillions and out.
riders 7 The original granting Of bank charters 10
these exclusives has boen considered by many moral
lists frasd upon societythe suspension of specie
payments therefore in strict keeping, as we say in
theatricals, with the whole origin end and purpos,s
of these very institutions.
In another point Of view, the banks ought TO sus-
pend openly and at once-not be crawling to /,
through the columns Of the Courier and Enauier. :
We Will explain IL is of no sort of consequence how
rascaly il may be cheat the community at large by