South Branch intelligencer. [volume] (Romney, Va. [W. Va.]) 1830-1896, 1837-05-27
correspondence ofthe National InteIligencer.
NEW YORK, Nav. 20.

| NEW YORK, May, 20.
! No news is about all the news can
send you to-day. Our merchants are
little perplexed by the directions in
the new Treasury circular, with the
exPositlons of the Solicitor Of the Trea-
sury. The course the authorities at
Washington intend to mark out is vet
doubtful and in what manner the Col
lector here will expound them, is not
yet known' Rumor to-day says, and
rumor of pretty good authority too, that
MIR. SwARTwoUf considers himself abs
solved by the new instructions from the
responsibility he took the other day. in
promising to take city bills, and that
now, using the discretion of granting
indulgences, he will take nothing but
specie from those who pay. The re-
suit will be this no bonds will be paid.
1t will not injure a mans credit in the
least, under these circumstances, to let
his bonds lie over; and ifa serious pros
ecution is intended, then the merch-
ants will obey the law as they u,ader-
standit. There will be no compromise
on this question. The merchants of
New York do not intend to favor suit
In the paying of debts--a suit which
has ruined SO many Of them, and the
credit of the chief commercial city of
the Union, dishonoring its mercantile
character for years and years in the
eyes of the world.
The Eastern steamboat brings no
news ofimportance. The summonipg
of Congress created great sensation
In Boston. The Banks, as far as Ban
gor, maine, have suspended specie
payment. One of the Pets in Bangor
was making a sham fight, but it is gone,
ere this, without doubt.
From the North there is nothing re-.
markable. Canada is not to be uraf-
fected by our bankruptcy. The Mon
treal Banks have suspended specie
payments. New Brunswick and Nova
Scotia must do the same. The march
of suspension has reached Toronto, in
Upper Canada.
Large quantities of grain have arr
we'd here, within few days, in foreign
ships. Grain, however, does not fall,
but goes up in price--the paper-dollar
being the measure of price : but that a
thing now costs ITO cts. in paper, which
cost but the other day 100 cts. in silver,
is no sign Of rise, as there is now a
specie and paper value for every
thing.
The Connecticutpapers of yesterday
give us an account of great flood at
Middletown, Hartford, and other pla-
ces. The papers inform us that rain
has fallen almost necessarily from
Monday up to Friday morning. A
great deal of property has been de-
stroyed, and the roads are badly bro
ken up, and many of them impossible.
Small bills of the N. England Banks
are in great demand in this city, and
are readily sold by the brokers at a pre-
MUM Of one and two per cent. This
Is violation Of our State law; but, as
every body believes the law bad law, !
nobody is disposed to make bad law
rule Of law proceedings.
PHILADELPHIA, May 20-EvENrNG.
n The results oflate events
no one yet can foresee or imagine.
From what I have seen and heard to-
day, begin to think they will be more
serious and alarming than is imagined.
The factories, workshops, sc. sc. con-
tinue discharging hands; work and en-
ployment continues TO be withdrawn,
and great desperation and violent pur-
poses are fermenting in the minds of
the poorer classes.
On Monday an adjourned meeting
in the State House yard, to give an ac-
count of the answers from the banks,
will be held. shall send you an i'm
mediate account if aught occurs.
On Wednesday an immense meeting as !
sembled at Boston, in Faneuil Hall, to hear
the report of a committee appointed on the
preceding evening, to consider the propriety |
of complying with the Post Office Specie Cir
cular.
The meeting was one of intense excitement.
The Report was made by ZEBEDEE Cook, |
Jr., and, after reciting the circumstances UNI
der which the Post Office Circular was issu-
ed, according to the Boston Atlas of yester-
day, from which we copy, concluded with |
series of resolutions, declaring that the Post
Office Circular would be oppressive, exacting,
and impracticable; that it would be resisted
'peaceably,' if it were possible, 'forcibly, lift
were necessary-at any rate, that it should |
be AT ALL HAZARDS RESISTED"
These resolutions were Interrupted with |
long and loud acclamations of applause. The |
assembled citizens were ready for their imme.
diate adoption.
Mr.. GEORGE BOND and Mr.. ABBOT Law
RENEE, although asserting to the deductions
of the Report, and sharing in the indignation |
tons so decisive were adopted.