The herald. [volume] (New York [N.Y.]) 1835-1837, 1837-04-20

faint Qlmpscs come 70 through the traditions OF all
nations, the Egyptians, Indians, Chinese Persians,
and particularly from the Bramins Of Hindostan.
Important from the south.
By the express mail we have highly important ac-
counts from New Orleans the 18th inst. The great
revolution in commerce leaps onward. The want OF
confidence begins to extend to the banks in New Or
leans The great southern trade in cotton IS COM
pletely deranged The last news from Europe has
all operations. In Mississippi society is
on the verge of disorganz alton. In short time the
people of the south will have nothing else to do but
to send an army to Washington to depose Martin
Van Buren,.
Private Corespondence.l
New ORLEANS, April ll-lO A. M.
DEAR SIR,-We have had arrivals from Havana to
the 10Th March, and from Metamoras to the 18th.
No news of importance. There were 1000 men at
Metamoras in state of insubordnalion They were
not paid, and would not march against the Texans.
Great apprehensons felt for the safety of the
town against an attack of the hostile Indians, who
numbered 5000 strong
Coffee and sugar have declined in Havana about
cent. Our arrangements are beginning affect the
Havanerians.
The Mechanics and Traders Bank had run upon
ii yesterday, which they promptly met. Great want
of confidence is beginning to be felt among the banks
themselves If they do not trust one another, we
shall shortly have ugly work report is in town
that the Bank of England has suspended specie pay
mens. If there be any truth in it, we doxe for
here.
Many of the best houses that have gone on hitherto
untouched by the storm, have determined to suffer all
acceptances TO be protested which they have not been
put in funds to meet. The Governor of Mississippi
the issuing Of post notes.
The truth it, we shall have to undergo the revolu-
ton in all its bitterness and when every bank in the
Union stops redeeming lis notes, and the distress is
ntolerabe, we shall have TO get United States Bank
with capital of one hundred millions located
where Mr.. Van guren pleases. We have pleasant
prospect before us. In haste.
NEw ORLEANS, April l0-The house Of Buckner.
Stanton d Co., dealers IN cotton and Western pro-
duce some time since got a loan OF hall million
from the banks, suppeslng 1t would carry them
through On Saturday after forcing great qsantity
of cotton into market to effect, they went by the
board.
What deductions will you make when you hear
that the very best cottons Will not command for cash,
more than 10 cents? These very cottons have had
advanced on them fully Ia cents. All kinds of pro-
duce are falling The transactions of Friday and
are not worth recording. Freighs are up,
as shipments of cotton are the methods how adopted
10 remit to Liverpool Correspondence Of Wash.
Reformer.
New ORLEANS, April live are sorry to perceive
in this period of general excitement and disust that
a want of confidence Is beginning TO prevail among
some OF the banks, and that measures have been
sorted to which calculated in the end 10 ruin all
the banks. Reports have been started touching the
solvency of two three respectable banks in the city
and countcnance has been given TO these reports
which we understand are perfectly unfounded by
the refusal of the other banks TO receive the paper of
the suspended insttuons.-C Bulletin.
Confidence does not revive in the least The fail
ure of the Express Mail is now of no great conse-
quence to us. III can but bring us bad news and at
tempis on the part of monled men and monied inst-
.utioas to profit by the present arrangement in trade
The issuing of bonds post notes in this city has
been talked of but whether IT will be effected is
doubtful. Money is scarce ever The practice
is obtaining of suffering to sc protested all acceptan
ces which the acccpors have not been placed funds
to meet. This will relieve in some measure the onus
upon our community transfer II TO other parts OF the
Union, TO be borne by those who have assisted in
overtrading. But the scheme is not in accordance
with the great rules of commerce. II may work
greater evils than II II intended 10 remedy.
Meantime produce is falling. Flour it will be seen,
has receded one dollar. Cotton is a mere drug We
hear of small sale of mddhng quality as low as 81,
cents. Our business season may be considered az
having received check that il cannot recover from.
What remains to be done will only be the dragging
of heavy transactions required by the necessities
OF the times Our levee does not present the ANNA
ted sight il formerly did, True American.
According to the Grand Gulf Advertiser, the Gov
ernor Of Mississippi intends to suggest TO the Legisla-
ture of that State the pr priety OF consulting with the
different Presidents OF the banks and request them 10
issue Post Notes "redcemabe ninety days or thr-
teen months as may be thought most advisable |;
which measure he thinks will afford temporary relief
and save the State from actual ruin. Some are in ia
vor Of the passage of repovin law, but against this
measure serious objections urged, calculated
interfere with private contracts and also impair the
credit Of the State abroad The plan proposed by the
Governor is, perhaps under all the circumstances the
least oblectlonable-bo nevertheless bad-but
the situation of the country calls loudly for relief
The'distress IS represented great and as the terms
of the courts draw near, II increases
"The surplus will afford some relief
as the banks obtain possession ofit"-Bee.
LATEST Faon MExIoo.-By the schr. Water Witch
our regular files OF papers TO the l7Ih March. They
are barren of any important intelligence.
We are informed by the captain of the Water
Witch that there about 1000 men in Matameras,
destined to operate against e xas; but that their num-
bers were daily decreasing by dcsertlon They were
i'm n miserable situation, without the necessares
of life, and completely discouraged and worn down
by fatigue. The invasion Of Texas is thus rendered
quite a matter of doubt, but should this enlcebled
force get there the result may be predicted with m
erring certainty.
The Diario del Goberno states that the indepen-
dence Of the Republic of Mexico had been at length
acknowledged by The holy ege. The pontif was
u a ,k