Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1837-10-05
Next Legislature -Suppressiono Of shinpias'


Next Legislature Suppression Of shinpias-
Congress having now nearly completed all those
practical and temporary of relief which ev-
erv sensible man required, the public attention will
hereafter be directed to the next Legislature to when
we must look for similar measures and equal relief
and especially for suppression, under the heaDief
penal INFECTIONS Of authe miserable trash no1 sssu
edo companies and indipiduals knocn by the name
Of ShinplaSters.
In 1886 we were the first editor 10 warn the banks
and the merchants, of the then coming struggle that
ended in the catastrophe of last SPRING Were we
not rightly On that lamentabIe finale we were again the
first 10 call upon the President to assemble Congress
TO repeal the Surplus distribution aw-to issue relief
in the shane OF government credits in aid Of commerce
and TO take measures for the recovery Of confidence
and cash payments In almost every great public
moyement--every financial event-for the last two
years we have preceded by months our miserable
contemporary prints, whose editors are without brains
10 understand the past or to foresee the future.
All that Congress do being nearly done, we
turn public attention to the next state lcgisature-to
the election of its members-and TO the measures de-
raanded by the spirit Of the times. We 60 for RE-
PEAL and SUPPRESS SlON-a repeal of all UNJUST
unconstitutional lawsa suppression Of all dishonest
practices let loose upon the world by the conduct OF
the banks. We 60 for an instant and unconditional
repeal Of the usury law, the mortgage law, the sus
pension law-.he irredeemable bank charter laws
the corporation meat monopoly laws-and, above all
for the suppression, by the heariest penalties, Of all
shinplssters, their issuers and fl6ricat0rs.
There are, at this moment in New York, six or
moro baseles, characteress worthless corrupt, fla
gitioas associations arrogatng to themselves the
right issue paper money, and flooding this commit
nifty with many thousands Of dollars worth OF their
worthless rags The chartered banks have indeed
some cclor of law for their exacons and outrages
an honorable community. They have property in
houses assets and specie-bu they refuse pay cash
on demand, merely 10 CRAFTY their own avarice.-
There is such excuse for the miserable Exchange
Associations in Wall street and that neghborhood.
They all clearly illegal and punishable-but the
punishment ought to be deubed-and the next legis-
lature is bound to protect the people who create its
very existence and business.
But this is not all. Individuals, without number,
tavern keepers, grocers, and many other persons is
their shinplasters in thousands and thousands,
thus tending TO Danish real money from every avenue
ofcircuation 1t is highly probable that at this mo-
ment, tlro millions of miserable shnplasters are in
circulation in this city, and it is equally certain that
in less than three months ninetents of their ssuers
will disappear like the baseIess fabric Of vision"
leaving nothing the poor deluded people but vast
collection OF worthless, valueless rags to dine upon
when they are hungry.
tits time to devise q remedy for these crying evils.
Public opinion must forth in its hghes, and red
dest Indignation. There never was time wnen il
necessary 10 eecta Legislature 10 meet at Alba
ny, honest and fearless in the of justice and Of
be brought back to the principles of honor and negr-
tyat whatever sacrifice. CONGRESSES about completing
its duty, as prescribed by the consiution-the state
Legislature must follow in the same path after
that will come n reform in the corporation next spring.
BY the corrupt influence Of banking speculation,
society has almost been driven TO its original ele-
menis. Not moment is to be lost Look into Wall
street-wak Broadway-go TO the markets-pur-
chase your dinner where the Reorganization Of
confidence, principle, and integrity is complete The
more scientific rogues in the chartered banks-the
ignorant rogues in the assocations-and the mPuden
rogues Of porter houscs all engaged in the
practices forcing their worthless paper promises upon
deceived and deluded community as money, and as
value.
Trust no party in seeking remedy for such evils.
You must look TO principles. Examine the avowas,
Congress has inshed what il had to do, real prac
cal reform BY he next Legislature. Repeal and aboli
tion--repeal OF oil unjust laws-aboon Of all unjust
practices, which the times have brought into action.
The question is not between wings aad democrats
conservatives and locofocos-it is question between
honor and dIshonor-bctween justice and injustice
between integrity and roguery-between the text and
spirit ofihe constitution, and the will of bankers and
SPECTATORS We must send men to Albany who will
repeal the mortgages, usury, suspension, and non-spe
cle-paying bank charter laws. We must send men TO
Albany who will suppress all shinpasters, and punish
the fabricators We must send men to Albany who
will aid IN the restoration Of confidence and integrity,
by practical, distinct, tangible measures IL these
men are 10 be found in the whia nominations, take
then--f in the locofoco ranks take them---if IN the
democratic ranks, take them take them. All party
tactics oil party allegiance is forever broken. The
wings tue ocoocos the democrats, are all in confu-
SION all in disorder. Every old arrangement Of cor
upiion il reduced to its original elements. Now is
favorable moment TO break up all party shackles and
ties and 70 distinctly and knowingly for the suppress
son ofal evil, and the enactment of all good laws.
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