Herald of the times. [volume] (Newport, R.I.) 1830-1846, 1837-05-18
THE TIM Es.


We have jnst received our Southern slips,
by the express mail. Those from Baltimore
contain the resolutions of the banks, to sus-
pend specie payments.
The Bank of tho Metropolis, at Washing
ton, issued notice yesterday, that it would
continue to pay gold or silver.
The schooner Creole, from Tampico, at
New Orleans, on the 5tIi inst, brought 1l37,-
600 in silver.
The captain reported that an insurrcction
had broken out in San Luis Potosi, and anoth.
er in Zacatecas.
Bills of the deposlte banks were refused
yesterday, by the government officers in Phil
odclphia, and specie was demanded Paw
ment OF debenture bonds in specie was re-.
fused, howeycr.--[.N y. Com. .4dv. of Saiur-
day. ~~s ...N. .t
JACKSON MoSEY."-W have heard much
OF the Jackson money, and il is now about TO
flow forth through the land. The hasty and
premature punishment of small notes, when
the state wns least able TO enter upon the
change, and the disappearance Of specie from
circulation, have rendered it necessary to
seek n substitute. The corporation of Phil
adelphia has already determined to issue
'shin-plaster bills. The corporation of New
York is preparing, from the necessity of our
citizens, to follow tho bad but unavoidable
example; and the restaurafeurs have alrendy
commenced the banking business on their
own individual account. Thus the genuine
Jackson currency-aye--the long-promised
"BETTER CURREnCI," is coming upon US
not in bright stars of gold, but in the dark
encd Styx.like waves f"rogs and inmpbiack."
.-[D.
SMALL CnANGE-What are we to do? A
gentleman who left Albany last evening, in
forms us that there is no prospect of repeal
of the law prohibiting the circulation of small
bank notes. What, then, are we to do for
change? The only course, in addition to
corporation and individual shin plasters, will
be to introduce small bank notes from the
ncighborlng states-tbe law Of prohibition ,o
the contrary twithstnnding. Nobody will
think Of obeying that law, and nobody will
attempt 10 enforce it.
Already, in paying off our hands yesterday
for the week, VIC could not make the change,
and were compelled to open accounts and re-
main in their debt for all the fractions be-
tween five dollar bills.
In the steamboats, the officers are already
unable to make change, and nre obliged to
give due bills, and certificates for future pas
sages. What blessing is good government.
-[U.
How ARE BONDS TO Re PAID?-Tt is not
true, as stated in the morning papers, that the
collector is receiving city bank paper in pay
mcnt of custom-house bonds. A friend at
our elbow has called at the custom house
three successive days, to take up bond with
city paper, and has been three times success.
sively refused. Now, under Mr.. Woodbury's
order, is this bond TO be sued? Will the
government exact payment in specie? Will
j, in turn pay it's Gebentures in spccic?-(D u.
New BANKS are springing up, oil over the
city.-The hotel-kccpcrs, &c. &c. issue tick
cts for Gl cents, l2t cents and 25 cents, pay
able in pies, oysters, small beer, &c. We
have just seen an emission by our neighbors
Earle &, Fossett, Of the Bank Coffee House,
which promises good eating and drinking
We have great confidence in their paper ID.