Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1837-06-07
La GRANGE, Geo May 18th, 1885,


Editor Of the Herald-Sir,-I have long since de-
termined upon subscribing for your witty paper, and
should certainly have written TO you for that purpose
before now, could my Imagination have suggested the
means of complying with its conditions, which
perceive are "cash in adrance" In attempting to do
this two obstacles at once present themselves; firs
cash in this part Of the cosntrys exceedingly scarce
unless the bills of broken banks can be regarded as
such, aud cannot therefore be easily advanced; and
secondly, the law prohibiting the circulation OF small
bills would prevent me from enclosing you the re-
CURED amount even supposing the article to be at
hand. have seen 1t suggested by some editor IN
the West perhaps Prentice of the Louisville Journal
TO place Tom Benton Chapel Hill College again,
and see if no could not devise mode of relief for
the sufierngs of the people, AT least effect that
which the mint drop system has totally tailed 70 do
propose to get Gen. Jackson 10 issue Post Notes,
payable out Of the surplus fund Of the Treasury at the
end OF Van Buren's dynasty. This course II seems
10 me would afford great relief as II would doubtless
meet the views of he gisrifcdtion party and pass
muster with all those who have so long believed IN
theinfability of the "Oid Chisfi-and would more
over answer IN the place of United States Bank,
which we greatly need. doubt however whether
the General would give up his antipahes To monsters
in any shape
Seriously we de not know what the country is to
do | wish to make renittances To New \ rk, but l
cannst purchase exchange at any price, and all the
banks in the city and country have stopt payment.
What then can be done? the answer is, nothing.
Should any of our merchants visit New York tins
summer, will get them TO call and pay you, provided
you will in the ne place my name on your list
of subscribers for the Weekly Herald and send to the
address of yours respectfully.
REpLy-I am sorry cannot comply with my cor
respondents polite request set out TO do cash
business entirely and never will change my resou-
ton on that point will send few numbers Of III,
Herald to him gratis, but cannot depart from my
rule. As to the country | by no means despair of IL
The experiments of the thinkers" are necessary tc
: bring il to its senses. The medicine works beaau
| fully. We have iust reached tha termination Of III
first stage-a suspension Ofspecie paynenfs-a break
ing up of all the exchanges general state o
| disorder and confusion We now entering upor
| the second stage, an irredeemabte paper currency
| This will be more rapid process than the former
| will be the devil take the hindmost." BY July
1885, we shall as people, reach the bottom, and re
turn to our former Until that period we mus
suffer az the early Christians under the despotlsm
the pagans. Since the year 1929, when the safet!
| fund system began, have been governed by pa
eans, and gradually reaching the present state o
things. Yet don't despair. We have yet the fin
| women and fine weather occasionally to comfor
us. They are not suspended. Both are beautiful Al
| ever.
The New York Herald wig to the .pery hart
has made an assertion which correctly gives the un
eouvocal lie to specie circular conden,ners. II say
asl the talk about the specie circular gross deuson
"The specie now in the Western Banks is necessary
in such CT ss a. this sustain their very exstencc
-Fraskfoyf (Ksnfseky) Argue Of May 18th, 1887
| We deov Ina soft impeachment of beng "WhIg 4