Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1837-05-27
The Galvanic Banking system--Gisry


their issues Of paper to sloO 600. The removal OF
the check Of converbily into specson dem and VIII
at once permit the galvanic action of the banks to
stretch out the issues TO two threa hundred millions
and their loans 10 the same extent
During the last six years the increase and exPan-
sion of the banking system have undoubtedly ncreas-
ed the business the speculaons the intelligence Inc
pride, the wisdom, the corruption and the vrtae OF
thcmale and female beauty of the world. We are a
mixed offerings and we cannot live without due
proportion Of hell and haaven-virtue and vlce-cun-
ming and honesty-roguery and the PINK OF honor
Perhaps the banking system IS the greatest agent for
the acknowledgements good and evil that invent
cd by mortal man. 1t is the tree acknowledge, 10 eat
Of which, our eyes are opened and we feel as gods,
knowing good from evil.
Yet the banking system, as hereto ore conducted,
has been cramped and narrowed, by ridiculous, old
fashioned idea of paying specie on demand We
have built palaces laid out towns-dug canals-con-
stucted rail roads-made philosophers of females
and saranS Of sweet young girls, but all these
matters will now receive ten times their development
under the original galvanic paper system, without tho
trouble OF redcemlng in specie. Specie! talk about
spece We are utterly aslonished at the nonsense
abroad in the world, on the subject of specie? Whs
wants specie? Some great rogue who has SO much
honesty as to make him impudent and saucy.
II on the old banking system Of paying specie on
demand, we could regenerae and adorn and beautlfy
the world, as We have DONE how much more will we
when the check is removed, and we can issue any
number of millions Of paper currency in which to
carry on our plans for the future?
The suspension of specie payments is, therefore, in
this point of vew Of the greatest steps in the
civilization Of the races that ever took place. In
month the $50 banks will be ready to issue two hun
dred millions of paper money. This fund Of new
wealth will set every artery of life and society in mo-
ton. We can yet continue to finish our palaces, to
lay Out our summer costages-to travel to Niagara
and tue Sprlngs-<o give $1,000 parties to indulge
IN all the elegant and recherche extravaganza OF these
lastw years. We are persuaded that, during tbs
ensuing summer more fashionable people will be on
the wing than ever there was known in any country.
The pressure, the panic, the trouble, the excitement
during the scenes of the last two months, will be
buried in utter oblivion under Of the greatest
sons Of enjoyment and wealth that the world ever saw
Gaety, fashion, trade and magnificent enterprise, in
love and railroads, seduction and town building
in Opponents and canal constructing, will yet pre-
vail for short Paper money is the real gal
vanic fluid Of civilization Ii is true the day of hap
iness-the Of delight will only last for Short
very short season. but we, the present Of great
men and beautiful women, put twenty, thirty, or
forty years Of life in the brief compass of single six
msnths.
There is to be cast down at the present state
Of things If we know how to use the breach Of all
good faith, perPetated by the banks in suspendng
specie payments can be made al least serviceable
to one short season Of delicious delicious plea
Alreadv the ~cueral davalonopart &c ~ 49,,
system is beginning to appear. Our splendid bank.
ers not worth slxpence demonstrating their GO
thic edifces on the new system. The engravers all
over the country are at work. Every corporation,
body man or woman are issuing paper money
Gold and silver as they ought to be, will be unver-
sally banlshed as oafers. The Holy Scriptures saith
"they the of all evil" and was not ST. Paul
almost as great a man ST. Bennett
We bid the world prepare. The first six or nine
months Of the grand paper system in this country,
VIII embrace the happiness the excitement, the bliss
the ecstacy, the JOY the love- the elegance the sci
ence OF thousand years. 1t will act with the rap;-
dsty Of galvanc battery on the magnetic wheels of
Davenport. Trade will reviye-pnees will rise-everv
thing will ioursh-saieiy will increase. Ii will be .
short season OF exquisite happiness and superladve
delight. There is no mistake in this calculation
VIC SCI ~ SoiuiiB Tadldnt DOW OF heaven tina
spansthe Catskill Mountains during thunder shower
on the Hudson This summer is the time to &c
married-to enjoy lfe-to move brskly-and to max
the most of society on the new paper system. Della,
not moment. day now is equal to year after
wards-a week to a decade and month to who'll
life The year 1897 will be the gayest, happiest mos
rilnous, most exciting that ever dawned upon tn
United States. As to 1885, let that tell its own story
II will come soon enough without anticipation.
II We had just eaten our breakfa ST yesterday
morning,-for be it known that we eat as vel
as other people and were passing down Cha,
ham street-making observations on the state o
trade and commerce. and pawnbrokers and dealers
in second hand clothing, when we met one Of IN,
news boys. AT that critical moment window wa
opened in the second story, and beautiful lady pu
her head out, like blushIng Aurora peepng owe
the eastern hills-wc mean back in the country
where they have eastern hills for Aurora TO looI
overland in soft musical voice asked" Have vol
got the Herald 7"
This was glory enough for one day and we cam
home, set down TO our writing desk and have fel
comfortable and happy ever since. The ladies' o
New York have more refined taste for Literature
than those Of any city in the Union.
FiRE-The fire last night was at the corner o
Broad and Water sfrccts II or,o,aatad - M.