Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1837-07-07
MORNING HER ALI
FRIDAY, JULY ., 1897.



One of the most important trials that ever TOOK
place in any civilized country, is the calendar
of the Superior Court of this city and will be submit
ned to jury of freemen within the present month";
The following paragraph from the "Courer OF yes
aerday is brief statement of the case =
Subscriber enquiries whether II IS true mat the
Manhattan Bank has recently been SUED. IL IS, ana
the facts simply these. Mr. bronson received IN
payment of a mortgage S60O0 IN mammalian bank
paper He called upon the Cashier stated that he
had received them in payment OF Mortgage, and re-
uesled the bank either to redeem Their bills IN specie
or allow him interest the amount for them five or
ten years They refused and he very properly ins
tuied a suit against the institution.
On making enquiry in Wall street, we find that a
correspondence of highly interesting character pass
ed between Robert White, the Cashier sf the bank
and Mr.. Bronson, the of the S6Oo0 1t appears
also that the writ was served Saturday last, and
that the trial has, by law the precedence Of all other
private suits on the calendar.
The moral dignity, firmness, and integrity which
have caused Mr.. B. to bring on this will be better
appreciated when we look to the whole cTcum-
stances and history of the civil and political lnsttu-
tons Of this country.
The Government Of the United States, does not
alone consist of the President and CoHgress-or the
Governor and State Legislature. When the patriots
of l776 tsek the field to establish their independence,
they equally secured the permanency Of the first prn-
cples of Justice as of the power of legislation 1t
was we remember, once rightly observed by Record
er Rker that the institution OF the uryand the
of law part of the government of the country,
mach the legislature of State, the Congress
of the Union When therefore, the first principles of
morals and of integrity darngly invaded by one
department of our popular government another de-
parment comes into action and corrects the inequality.
The great balance power of our free constitution
consists not Of division Of the legislative power into
two houses or one executive Events have shewn
that whole legislature may be corrupted and sold
for filthy lucre In the guardianship of our SOCIAL
political and moral principles, there is power or
check equal and greater-more independent and hon
est-more free from corruption and guilt than the
corrupt state assemblies which have been for years
the instruments Of bank coteres and speculative
cligues of men, This power-ths check is the insti-
fulton Of The jury, through which alone the original
principles of trath and justice can now operate as
efiec,ual barrier to the gross venay and profigacy
of the Legislative body
Look over the history, social moral and POLITICAL
OF thelast six eight years Since the establishment
Of the Safety Fund Bank system, the original prncl
pies Of honor of integrity and Of all morals have been
entirely obliteraed in all the upper and many of the
middle classes Of society The pure elements of SO
cial order have been disturbed assailed destroyed
Knocked al, rampled upon the dirt in the streets.
The e, slature, under tho madness of the hour gave
away TO small bodies Of men, rights which they did
net possess 1'tey nave Authorised the coming of
money the shape of paper, and gave to particular
cliqles what they had themselves robbed of the COM
muniiy at large. In the of the Manhattan Bank,
they set themselves level with dread OmSIPoTENcE
hmsclf and actually gave lease Of Eternity TO few
worms crawling over the earth, and replenishing
feeble existence every bottle that could be found
with the stopper out, without kindly mixing il with
little of their own dirty water.
The whole history Of the great and systematic
fraud from the first movement, made by the banks of
Wall street for the deposes, I'LL the wicked suspen
sion Of specie payments, has been series of oulra-
gcs against the moral sense that is without parallel
an history. Ts the government bank fnancers
of Wall street, originally indebted for the FIRST
Disturbances in the currency and money market-the
first germ Of the vast frauds which have dsgraced
the country before the world Who first CRED out for
the public revenue2 Who promised a better currcn-
cy and exchange SYSTEM Who tempted and scdu-
ced The late President to disturb the former system
Who stimulated the creation Of hundreds Of new
banksl Who corrupted legislatures and purchased
governors like cattle in the market7 Who fattened
upon iOI ciGutccn nOntns, anu
bled them 81 the rate Of tive to five per cent per
month"; Who after destroying and breaking up half
the merchants Of the country then insolenty turned
refund and suspended specie payment themselves,
thus cheating the nation out of twelve or twenty mil
hons Of Their own property ~ one fell swoop7 The
hnsncers in Wall street and their associates through
out the country.
The day Of retribut,on is now coming One indi-
vdua in New York has exhibited the moral &C urage
10 bring thsse rsudslent institutions to an account
In every other county, and in every other CLINE,
when banks break they sneak on, Of the way Of busy
man, and wind up their concerns in some private
place. Like ,he female who soils her virtue for gew-
gaw. Not so with the daring. impudcni atrocous
banking Institutions Of this had. Rosina Townsend
like, they come before high heaven and parade their
corruptions before world with brazen face Having
presidents, governors, asd legislatures enlisted in
Their schemes, they boldly 20 Albany and compel
their agents to violate the frs, principles Of constitu
tionai law. in order 10 them from tho conseqaen.
ces Of Their rspacity and their avance But even in
this unhoy coaliton between the bank eoteries and
the Legislature we without a check The plo-
r'ous insulation Of the Jury, IN free and popular
land, IN the barrier beyond which the spirit of svarce
dare not march.
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