Vermont phÅ“nix. [volume] (Brattleboro, Vt.) 1834-1955, 1837-05-05
From The New York Journal Of Commerce.

From the New York Journal Of Commerce.
PUBLIC MEErrNe IN New YoRK in relation
TO the pecuniary distreSs-Pursuant to the
requisition which appeared in yesterdays pa
pers, calling a meeting of Merchants, meet
ing was held last night at the Masonic Hall
About half past seven O'Clock, Mr.. Chas kel-
sey called the meeting TO order, and nomina=
ted Mr.. Philip Hone as Chairman, who was
unanimously appointed to preside.
Resolved-That the wide spread disaster
which has overtaken the commercial interests of
the country, and which threatens to produce
general bankruptcy, may be in a great measure
ascribed to the interference the General Gov
eminent with the commercial and business OPP
CREATIONS of the country; its intermeding with
the currency; its destruction of the national
hank; its attempt to substitute a metallic for a
credit currency; and finally, to the issuing by
the President of the United States of the Treas
ury order, known as the "Specie Circular''
g. Resolved, That while we would do Moth
ing which might for a moment compromt our
respect for the laws, we feel it incumbent upon
us to remind the Executive of the nation, that
the government of the country, as of late adj
ministered, has become the oppressOr Of the
people, instead of afTording them protection, n
that his perseverance in the experiment of his
predecessors the public voice, in everx
way in which that voice could be expreSse31
has ClbhflY denounced W as FufnOuS 10
interests of the country,) has alread
the ruin of thousands of merchants
tens OF thousands of mechanics and labofss
out of employment, deprecated the value
our great staple Millions of Dollars, destroya
the internal exchanges; and Frustrated the en-
ergies and blighted the prospects of the indus
trious and enterprising portion Of our people;
and must, if persevered in, not only prodJpe
starvation among the laboring classes, but inc
vitably lead to disturbances which may endan-
ger the stability of our institutions themselves.
Resolved, That Committee of not less than
| fifty, be appointed to repair to Washington and
demonstrate with the Executive against the
continuance of the "Specie Circular" andli
behalf of this meeting, and in the name ofthe
Merchants of New York, and the people ofthe
United States, urge its immediate repeal.
Resolved, That the same Committee be, and
are hereby instructed also to ask that instfuc-
tons be given to the Collectors Of the Reve-
nue. in all the ports of the United States, not
to commence suit upon any bonds which may
lie over Cor non-payment, until after the first
day Of January next, in order that Congress
may adopt such measures of relief as tfi6y in
their wisdom may deem necessary and proper.
Resolved, That they be also instructed to
urge upon the Executive, the propTety ofcal-
ing an extra session of Congress, at as early a
day as possible, IN order that the Representa-
tives Of the People, coming directly FROM their
Constituents, may devise suitable remedies for
the unprecedented and alarming embarrass-
ments of the country.
Resolved, That the Merchants of Philade-
phia, Boston, Baltimore, and the commercial
cities of the Union, be respectfully requested to
unite with us in our Remonstrance and Petit
ton, and to use their exertions, in connection
with us, to induce the Executive ofthe Nation
f.,E g.. W. q al. n l. IL
cede from measure under the evils of which
we are now aboring, and which threatens to
involve the whole country in ruin.
Resolved, That on the return of our Com
mittee from Washington, it shall bRt|asir duty
immadIh talv 10 call Qtaneral mea :. fthc
Citizens, and report to them lult or Their
mission.
The Committee was then nominated by the
Chair, under the third resolution, with power
to add to their number.
IMPORTANT RUMoR.--A rumor was rife yes
terday in Wall street, that the President of the
United States Bank had declined to accept the
proposition of the Bank of England, allowing
the draw on the latter institution to the amount
OF two million pounds sterling, one half of said
amount to be transmitted to England, at the
maturity of the bills.
The rumor stated that the President Of the
U. States Bank could not accept the PROPOSE
ton unless the government either repealed or so
modified the Treasury order, as to enable the
bank to obtain the requisite amount Of gold and
silver.
Mr.. Biddle has recently been to Washing
ton, and probably communicated with govern
ment on the subject; but, whatever was the re-
suit, it cannot be known until officially COM
municated to the public; so that every thing in
relation II must he runeO ar morally
clear that no such arrangement could be made
with the Bank of England, without such meas
ures on the part of government as would let the
specie OF the county take its natural channel
and, as the rumor farther bears, that the exc
cutive gave no encouragement that the treasury
circular is to be repealed or modified, all is gloo-
my yet, if there be any foundation for the ru-
morn. r. Gazette, .4priI 81.
The rumor is not without foundation, al
though not exactly correct, and in some res
poets premature. It is incorrect to affirm that
the proposition from the Bank of England has
been rejected by that of the Bank Of the United
States. Neither has it yet been acceded to-
The condition attached TO the proposal of the
Bank of England, may likewise cause its non
acceptance. That condition we understand 10
be, that the bills drawn by the Bank Of the u
nited States, must in all cases under the ar
rangement, be accompanied by specie to half
the amount. Thus every packet tsbinesa,,t
the bills Of the bank for, say 100000, ~
also carry out 100000 of bullion. With this
condition the Bank Of the United States win
not probably undertake to comply, while the
government obstinately persists in keeping the
specie Of the country under lock and key at the
West, unless the banks of the city cooperate
in the transaction. We understand that Mr.
Jaudon will be in this city TO morrow, or the
dav fnllOuvinor m onnculf ttnon tho 90 ..,.t
N. Y. Com. .AdV, April 81. ,
HoRRID MAssAcRE.-Mr. William M. Bar
nard, formerly second officer of the ship Selma
Of N. Bedford, arrived at that port in the Par