Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1837-10-11

republicans, alias the ocofocos (as many aliases
these bows have as the thief caught the other week
by Merritt) met in every ward of the city. The loco
foeos or sub treasury men, carried every ward OF thu
CITY TO use the classical language of the Five Points
.snot grease spot remains of the conservatives"
radical ant-bank ticket will be nominated bv Tam
many Hail. The original locofocos and the regulars
have kissed and become friends again. All is union
and harmony among the kitchen rogues
Under these circumstances, if the wings 40 no.
move cautiously, they will be most awiully defeated
AZ the next election Should the Wall street ana
Ellen Jewett CLIQUE control the nomination at Ma
sonic Hall, the poer wings dished and damned
forever. Joe Hoxie can't save them.
The War uerun--The Wall street Prints
against the Solvent Merchants.
We have been expecting that the broken, bank
upt rotten Wall street prints would, ere long, open
their batteries upon the Herald because it takes the
side Of the solvent merchants against the rotten
banks These prints attempt that openly which they
have been doing in secret and by stealth for eighteen
months past-to impeach our accuracy and break the
influence Of our statements. In the bankrupt Jour-
nal of Commerce yesterday we find the following
paragraph
Bennett publishad list yesterday according previous
MT who had failed We have not seen
IL bnt are told that it any the of
should tbrk il wsrh while TO ask their put such
list should think must be in poor way The list must
the gapers-Journa Of Commerce.
A few weeks ago the same rotten concern attempt
ed TO nvaldate authority in commercial matters,
30 as TO affect the high standing of our Wall street re-
ports abroad 1t is also months now, since the lead
ing papers in that region of bank corruption wrote pri-
vate letters to New Orleans London Liverpool, and
other cities crying down the Herald and endcavorng
10 curtal its Just influence commercial AFFAIRS and
It's extensive circulation among all solvent merchants
Regardless Of these attempts we have gone on, con-
suering and to conquer, till the Wall Street prints
like the fshwomen, have taken to scolding openly
in order to prevent them from the catastrophe of
bursting their cersets frightened by the pressure.
WE'LL be it so; we shall meet them face to face
and beginning with the canning, hypocritical scoun
drel of the Journal who has yet replied 10 the
charges of MIR. BOBBY Brooks Of the Express, ask
him TO state any one single person in our SOLVENT
LIST that has failed and paid their debts as he has
done his? Yes, as he has done his by dividends and
nastalments2 We dare them to point out by name
single lnaccuracy in our statement.
The truth is now coming before the public mind
The broken banks the broken spectators, the broken
bankrupt clique who now attempt to rule this city,
are anxious TO prevent any return to the commercial
confidence and commercial prosperity of New York,
anless they can succeed in shaving the whole COM
munity as heretofore. To such men the reconstruc-
lion Of confidence is death and destruction. We
are commencing radical revolution in the COM
mercisl basis of New York. and they cannot stomach
the prospect The power of issuing paper currency
L e. bclT
ly by twenty banks, without capital resources, is
about TO be transferred to the real capaliss-o the
owners of real estate. There is maturing a union
one and ndvisble-between the real estate owners
the solvent merchants-the solvent northumberland
the whole industrious to produce an entire re-
yelution in the banking systemic give the right Of
coming paper money to those to whom it belongs
to the owners Of the sol-of the bricks and mortar
and not to a clique of corrupt shaving banks without
capital, and partly owned by foreigners and spe-
sulators.
The commercial community during the last six
years have been deceived, cheated begulcd nvcgled
by the banks their agents. the brokers' and their
rpPt, rotten Wall street newspaper advocates How
dare the canting scoundrel Of the Journal of Com
merce talk about any inaccuracy Of oursl Who has,
for the last two years, accurately foretold every
event that has taken place land given statements
of the condition Of trade that have been verified by
every eventl We appeal to the whole mercantile
for the truth Of our statements.
But the day of rottenness, speculation and impos-
src caused by the charatans of |" the credit system"
Is drawing to close. We new raise the signal for q
full and final revolution in the banking system-a
yolution that will take away the power of causing
in the currency by giving the right of
ssuing paper any longer exclusively to the banks in
Wall street BY their own statements, these banks
issue S200000e0 of credits Of all kinds, on capital
Of o. 800 900 in specie and 900 in real estate
for nearly all the other assets merely the paper
Of SPECTATORS and overtraders. About 90 600 900 is
the whole tangible capital Of the Wall street banks,
TO pay s20,00e 900 of liabilities. Now this system
must be changed. How is it to be doneq Let tbs
power of issuing paper money always be associated
with the owners of the soil Let the whole
bered real Of New York become the legal basis
Of steady issue Of $40 900 or more of currency.
Let us get rid Of the credit system engendersd
by the specializing banks in all,street and their
worthless advocates, the bankrupt prints. The pub
hcation Of our Solrent List is only the beginning of
general movement that will cause radical reyolu-
fion in the monetary concerns Of New York We
must begin to separate the sheep from the goats
We must reconstruct oar commerce, currency and
exchanges on new and solid basis. Politicians and
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