Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1837-07-17
VOLUME III.


of the marshes. Many laborers were suffering from
the coups dc soteii. They talk OF erecting sheds on
the Levee for the shelter of goods the clerks and the
laborers.
The Bee, Van Buren, paper, says 1--WE are OPP
posed totis uiribus to all kinds of rag money and
with Mr.. Webster we look upon depreclaea curren-
cy, and irredcemabe bank notes, as robbery on the
community" How rapidly correct principles are
spreadng They are making their way in the ranks
of all parties.
We give an excellent expose below Of the system of
banking in New Orleans. II suits every latitude.
From our Special Correspondent
e 4 New ORLEANS, july s, 1887.
OF business matters have nothing to say, for verify
there mo business to say about. Our merchants are
principally gone to the North, on pleasure or bust
ness-or have ossed the lake for motives selfish, or
shel fish, that to enjoy their otn or their oysters;
and the few dealers who remain to lounge away the
summer have so little to do that you may see them
in the few open stores, congregated in little groups,
and with eager ears swallowing sailors news"
tolerable gosspping oafer-despscd in the busy sea-
sons now grecdily provided with chair and um-
bier so that he will but he'll to vile away the te-
dious hours of ideness. We do not yet find these
Specializing purchasers spoken of making, IN your
city, 25 per cent on changing their specie for south
ern notes, and sending them on TO purchase cotton
How is II they have not yet come! We have plenty
of produce if they have plenty Of the rhno to buy 1t
with Many of our worthy folks have scarcely yet
cot steadied down from the convvaities of the Alb
Red looking eyes, and slender head aches, are still
the mornings omplant. Our banks as dumb as
fish-no statements yet forthcoming. Your loco
foco, and Webster meetings. have created some little
interest, though do not think the latter quite as
posular as Clay-bu whichever has the better chance
will secure the most votes here Either would gladly
be taken up if there were but reasonable chance of
di.placing Van Buren, Your Major Noah has fallen
into grave error about the press here for he staies
in the STAR that owing to the depression of all bu
siness the great newspaper establishments of the Bull
letin True American and the Bee have changed from
Dai,s TO Weekes. Now It's true, they cease to issue
daily, but they all appear trweekly except the Bull
Ietin which is out only twice this week. owing TO "he
ol,rieus fourth.n The stripes and stars foaed from
the pinnacle, over the dome of the Exchange Hotel,
on Tuesday 2l5 feet from the ground-dd any of
your tavern flags fly higher There is an admirable
institution here called the "Cathoic Orphans Asy
Ium" got up and hitherto supported by the exertlons
and private means Of very worthy priest, called
@father Kendelhon'-but which is now greatly in
want of funds A gratuous benefit was to be given
for lis aid a, the French Theatre last Sunday-when
To- the charitable actresses required $500 to buy them
new dresses or they could appear !! This affair."
of course then fell through and on Thursday ap-
peal made to our benevolent and kind friend Cad-
we'll in the True American, and he readily agreed to
get them up Benefit! Success TO him and it! IL
was noble act on his part and worthy Of him!
TUE IspIANs.-Major Gen. Jesup and suite arrived
nj St Augustine ON Thursday last HIS stay In that
CITY we understand, will be short.
= IL is contemplated to establish post at the mouth
of Moultre Greek, about miles south of 81. Angus
tine, and by means OF r'dfies 10 keep mp constant
communication by way Of Hansons and Weadmans
10 Plcolata THIS will afford complete protection 10
the remaining plantations, South and East OF the ST.
Johns River Two companies OF foot are TO be raised
for local protection in St. Augustine-and horse
company will be mustered in for the protection OF the
Mandarin settlement. w
Gen. Jesup went up to vousa Wednesday, and
examined several sites, with view to establish post
IN = healthy poston on the St. Jehn's River. We
understand he conempates to establish post at
Silver Spring, on Lake George, about 20 miles North
of Volusia. Sc.
The three Indians who were taken by Capt Han
son saws that Mcanopy has not been killed, ms re-
ported; he is al the hunting ground at Ahapopika
At Fort Foster capture was made which Is con-
sidered important Of Bow Legs brother OF ALI
The Indians il Is now said, left their camp in conse
-uuence of the prevalence Of the measles at Tampa,
and that about 20 Of them died before they LEFT IT.
The on Mon is still expressed that they will commit
no murders or depredations at least for the presents
and proof ID stated that single expresses sun
continue to ride through to Tampa unmolested.-Sd-
rannah Republican. d
BASxiSo.-In due season and by authorized hands
the penefrala will be uncovered TO public gaze-and
then we shall behold the writings of the monopo-
lists, who by intrigue and management by large sub.
sciotons the stocks Of the several banks as they
were put in operation, by vast purchases OF shares
through means of funds furnished them by other IN
stutons, and in many instances by the bank itself
whose stock they were buying, got into Their hands
the control Of the business Of the doomed bank to
which they attached themselves and the supreme
dispensat ton Of its favors After obtaining the con-
troll Of portion Of the stock through their relatives
friends and dependants sufficient to Influence the
election Of directors, II is easy see that but
those who were willing 10 execute their imperious
bidding could be chosen. II we look little further
we shall find that one institution under their control
gave them the means Of controlling others and that
there il kind Of sympathetic chord that pervades
sometimes half dozen banks. The power that gov
ems one bank may be easily made to reach another
and then il augnents at ratio that multipies Mt
every step have the control of one bank il is easy
10 place my partner in another-with his assistance
can place my uncle and brother in third and then
my partners nephew son, brother-in-law and cousin
in fourth and so on, till eight or nine banks Of
the sixteen are directly indirectly under my inu
1ence The fortunes of men-the welfare and happi-
ness of families are in the hands of the clique that
happens to be in the ascendant for the moment and
wo 10 the unlucky wight that dares to exhibit rebel