The herald., 1837-05-12

is idle for James G. King or all the little Kings and
Queens of Wall street, 70 attempt to restore public
Hdence to preserve ORDER to keep the social edfce
intact unless the great mass of the community, who
hold bills of the banks shall have confidence resto-
red TO them by instant restoration OF specie pay
meRts. Merchants brokers' and large spectators, may
indeed have confidence in the ultimate sovency OF the
broken banks. But who can impress the same con-
dence in the great mass of the people who have been
cheated and deluded? Have not the same men, IN
public meeting, in the newspapers every where, been
for years preaching up the solvency of the banks
Did not the corrupt Wall street papers and poit-
clans say, the day before the stoppage of the banks
that they were perfectly safe ? Can they expect men
to believe them? Nc! No! No! They are impu
dent convicted, brazen liars, all Of them.
We must have new organization Of men, money
and materials. The old charlatans must be driven
from society. Wall street must be shut up, cosd up
and knocked up. Let us have the instant organlza
ton of one great public, solvent Specie Paying Bank
conducted by individuals that the people will have
confidence In The whole arrangement can be made
by the Legislature in three days. There is specie
enough in New York to construct such institution,
and t: restore peace and calmness TO the great city
of New York. To legalise the present act of the
banks breach of the first principles of society, and
will lead to the destruction, not only of New York
but of the Union. Mems miads are mad. The sus-
pension of specie payments in peace, is not like a
suspension in war. We are on the verge of revolu-
ton unless this be done.
Let the stockholders of our banks, and all the pri-
vate deposors meet, and all those who have specie
nov n, Tbo III b.y ,dolv
indicated can be completed in one day-sent to Alba
ny the next and passed the third Let the egisla-
ture refuse it if they dare. All the present race OF
banks and bankers must be swept out of existence
They have right to talk, or to interfere in
the matter. All other moned institutions throughout
the country will also be organized on this plan. No
legalzation Of poper money is worth straw. Itis
dgrifying fraud and imposture with the raiment OF
virtue and honesty-it IS covering prostitute with
the benedicons only due 10 female modesty and
lovely female rue. II is revolving to the great mass
of the people. political and social damnation on
tAe eec To- magnetic principle.
Lei lis new bank be called the REVOLUTION
DANk OF lS37-ALwAYs PAYABLE GOLD AND
0 i will become al once the great element and
O stor specie payments and commercial or
der te whole country. Mr.. Biddle and
his bar IS weak and foolish as the Safety Fund.
In one week. the stockholders deposors, and private
individuals can create this institution capital of
thirty millions, and specie depositcs of nearly fire
millions. can myself place specie in its vaults eve
ry day, SO as to help the cause Of public faith and IN
tegrity along The baseess paper fabrics now around
US will do. All the banks of this city have been
more or less mismanaged. TO egalze their exis-
tence TO continue their power to issue paper cur
rcncy would be terrible continuation of the great
fraud and greater juggle which gave them existence
We must begin afresh. We must have at once, one,
and only one honest correct specie paying bank and
thus avoid revelation and bloodshcd.
We demand the Wall street bockheads to think of
this, and to oppose il, il they dare.