Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1837-05-23

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curiosity exists in the public mind TO the exact
facts concerning the letter said to have been written
TO Albany by c. c. Cambreleng, in which he is sta
let us keep them there"
We have ascerained the truth of this matter with
accuracy and now give them to the world.
1t appears that the letter in question was written
by Mr. Cambreleng to Mr. Flagg the Comptroller OF
the State, who is Locofoco in his sentiments and quite
congenia with the views Of his friend Cam. II nap
pened however, that this letter was written on the
very day which Mr.. Flagg started for New DIRK
so that the letter was going up The nver whne the
Comptroller was coming down. On It's ARRIVAL at
Albany the letter, as is usual, was opened by the
Deputy Comptroller who is authorised to open all
such letters addressed to his principal The Deputy
not being politician did not know what to do with
it, but in all difficulties he IS IN the habit OF sending
his correspondence to the Governor who assumes
the responsibility in the absence Of the Comptroller.
Governor Marcy read over the letters sent him till
he came to Cams episle. At the time he was sur
rounded by the bankers, all praying him to take
measures IN favor of the Bank Suspension project
and 10 use his influence to the spectators from
the consequences of their own Jolly.
Governor Marcy is the son-in-law OF Benjamin
Knower large operator in money and other matters
and is intimately connected with all the monied ope-
rations of the state
On the perusa of the letter the Governor burst out
Ia General Jackson, most furiousy and read the
letter to all that were present. 1t excited universal
indignation among the clique. They raved and ours
ed and swore-and uttered maledictions. "Damn
Cambreleng"-" little mpudent rascaP-"he ought
10 be tarred and feathered'-"f meet him in Wall
street I'll insult him." said paefaced lot specuator
-" he ought 10 be kicked from one end Of Broadway
to the olher'-"he is an internal rascal" what
damned nonsense to talk of party al such time as
this" the Internal ocofocos will be the death of
u.s."
The scene, as we have been told by one present,
was perfectly ndescribable. There was Marcy, walk
ing and talking-and all the clique about him as if
hurricane had broke out in Pandemonium.
The letter got wnd-persons told of 1.-THE con-
tents were published in the Wall street papers and
the rest is known.
We have pity for either clique, belonging TO ei-
Their party. They have united to hurry the nation to
the brink Of ruin-and here we are.
CRAWLING TO AN oBJErT.-A controversy has been
going on for some days past, between the "Albany
Argus" and the " New York American" respecting
proceedings relative to the suspension of specie
payments, which took place in Wall street before that
denonSment took place. The American said that
Messrs. Corning and Creswell came to Wall street.
urging upon the monisd men here among the wings,
to apply to the Legislature for suspension of specie
payments for the benefit Of the banks. This the Ar
gus Denies and states there is no foundation for the
allegation.
The facts Of the case, understand to be thesc:-
Messrs Corning and Croswell, one or both, had
an interview with Mr.. Prime, Of the house of Prime,
Ward e. King, few days before the suspension OF
specie payments. The ostensible object of the AL
bany folks negotiate loan for the state but in
reality to procure aid from Wall street to sustain the
rotten safety fund system. Mr. Prime cautiously
| and crcuitousy approached-the condition Of the
banks of Buffalo talked over-the effect of the in
junction on these concerns deprecated, and the ne
cessity Of procuring aid TO sustain the whole concern
otherwise they would be under the necessity of ex-
ploding. Mr. Prime heard a-and answered briefly
in substance that the safety fund system ought TO be
adequate to sustain its own credit
The Albany SPECTATORS found no congeniality in
Wall suces-but the disclosures they made Of the
rot,enness Of the whole system soon spread about,
and caused general rush by the deposiiors, in the
secret, on the banks. Previous to this the friends
Of the U. s. Bank alone pushing the banks but
when the leaders and managers Of both parties uni
ted in the general scramble the excitement ncrcn sed
| and the whole confederacy thought il was best TO
suspend, and become rogues in body. They could
then encourage and comfort each other
| What a pretty set Of blsckheads to govern grea
people!