Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1837-07-18
M u n ~ 4 IA A i; X r. It.
Tn al n - In


movement in relation the cash du
ties calculated il carried create trouble in the
commercial world Let look the scheme dispassionatey
and endeavor to see how it will work.
with pretty toerabe accuracy that the
to be levied in this city is little two millions OF
dollars The importer will be told that he must comply with
the law, his goods viii be sold the highest bidder in order
satisfy the demands the government REFUSAL Of course
follows, and the goods accordingly exposed for SALE That
the mercantile community whose Interests thus come In
conflict law will in body resist what they conceived
infringement of their rights They will not bid at the
SALE thus endeavo thwart the government The sue
plan will much depend the kind OF goods rx
posed Unfortunately 70. the importers most goods SUBJECT 10
ash duties are in constant demand with the general cemmun
ty Buyers will spring up, and in self defence the importer
will be compelled bid in his goods or se the purchase
money There little sympathy between the pubic and the
Importer will be restraints imposed on the for
mer and il they the of the law the
hope getting goods the cash duty price will throng the
auction with purchasers
The effect Of the order collect the cash duties
10 millions whereabouts fresh impetus
viii be given therefore the specie MARKET and city bank bills
will depreciate .ordngly The temporary los' to the inn
porers will average ~ per making on two mil
lions $40 O00-anoher TO be paid by the con-
sumer the currency" When will learn to be
with what really good? When will honesty begin
influence the councils Of government Not ustl the
people, harassed death repeated burdens will rise and
throw me authors Of their ruin their high places
The feature n the administration Of the general GO
contiHua
without why wherefore Things bunglngly
aged and unequal laws passed liz the execution OF these
discretion and the serious
Executive is the power these
sequences II belongs CoAgress, and this country
where majority rules evils easily be cured
course be taken.
Stocks yesterday looking up Purchasers begin
ming TO appear among old dealers in sockhe real bona
fde capitalists No doubt heavy business will be done in
before the resumption ofspece The current
OF Stock Exchange will pretty nearly indicate the
reputation Of certain banks in the estimation Of moned
But slowly and quietly that the Of the observer
is apt to be deceived
Specie dull nthe early part Of the day. The brokers viii
reap heavy profit from the coming sales OF cash dnable
soos-and may expect that coin will be dull till that
time approaches They understand, well as Mr. Bidle
does the Law of expansion aud contraction
But towards o'clock, very considerable inquiry was made
aner specie Two per the quoted rates were offered
but holders refused The tbs movement Is TO be found
in the reported suspension the Bank OF England From the
feyersnes exhibited evident that the runo has consde
rable weight Specie viii be TO rise i DO true
We eneeavored show few days since how suspension
the Englasd possible We have nothn:
In consequence OF her own
lcy " obliged by the government 10 sustain the
nuacurer This unless her issues increased
too imminent To be
and from she will be compelled 70 ask the aid
her legal tender Ia addition to
this difficulty contend against the unavorable
influence Of example Whether Of these causes he sulh
cien induce catastrophe Of the Kind alluded TO- II remains
ODE