Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1837-09-22
MORNING HERALD ID.


neutrality-suspicious. OF the sheep from the
Goats.
To THE PusLIc-I hereby give notice that from
this day henceforth, the notes Of the following banks
in this city with the reasons annexed to them) will
be received as equivalent specie and also silver will
be given for them in change for advertisements sub
scrptions and other payments made at this office.
NAMES or RECEIVING THEIR NOTES
p,,, ..sr;c, s sgss see Ci rsS 1ss
Leather Manufacturers Bank, 1854 s5'7is
Seventh Ward Bank, 1852 1880
Tradesrnen's Bank, S299S 28932
Thus do show Mr. Van Buren, and his chef de
cuisine, Amos Kendall, the right path 10 popularity
Will they not fellow?
JAMES GORDON BENNETT.
New York, Sept. %, 1887.
In making this announcement to the public, it may
be expected that should assign further reasons
for taking such step. will do So
1t becomes the duty of every good citizen and up
right man, to aid in Of calamity, the general
effort made towards an Improvement and restoration
in trade and commerce. On many occasions have
honestly and fearlessy laid bare the public view
what deemed to be wide departure from the scien-
tcprncples otfnance and currency in the conduct of
our banks. pursued this course through every spQ
ces OF threats-in the midst of inducements TO the
contrary,-and in opposition to all sinister attempts
upon what believed to be the duty of intelligent
and fearless editor towards an honest cheated but en-
lghtened public. When the banks expanded their cir
caiahon last year. in the midst Of an initiation of
pnces, ! denounced their policy, their ignorance,
their cupldty, and predicted the consequences we
have all seen.
When the thick headed and stupid bank commits
seners, who seemed to me always like three all
in row, certifying rotenness and giving charac-
ter to bankruptcy, l told the public not to believe
these charlatans, and they did not believe them.
Thus far thus WELL
But after the severe revasion which we have seen
the last hoes being yet felt the banks have at last
come to their senses-they have looked into the prin-
cip|es of their peculiar business, and many Of them
have wisely retraced their steps, and come back, like
the pyodiga son. the paths of honesty and correct
ness Let us do them justice.
We know the fact-personally and beyond the
reach OF cavl-that the measure OF suspension was
forced and urged, and threatened upon them by spe
culators in lots lands and other articles of cupdty
aided and assisted by corrupt and unprincipled peGt
clans of this and another city, for the purpose of max
ing the government. and the people succumb 10 the
authority of cerain bankers and their confederates
1t is deliberate opinion that this self inflicted Gala
nifty was produced by the intrigues of Nicholas Bid
die, Esq, of Philadelphia, aided and assisted by his
corrupt instruments in this city, the Courier Enqui-
rer the STAR with Others in order TO destroy the COM
mercial character of New York-extort new char
ter from Congress, and make the insolent institution
in Philadelphia, the centre of the money market OF
this Union, instead of New York. Had we aided or
assisted in approving such policy as Mr.. James G.
King OF the house of Prime & Co., and other Wall
street nanciers did, the day after the suspension,
in public meeting in the Exchange, we should have
considered ourself recreant to national honor, TO mo-
raj principle to commercial integrity TO correct fnan
cial science and 10 the interests of New FORK and the
whole country.
Instead Of pursuing that atrocious policy, only ca
pable Of being adopted by ignorance and hailed by
reckless presumption insisted upon the banks gra
dually bat rapidly recovering their former strength
and putting themselves in position TO resume spe-
Gle payments at an early day. On this question
great difference of opinion has exsted-but fortunate
ly for correct financial science nearly half of our
institutions have adopted the night policy, and reject
ed the advice and despised the threats Of the nguers
and agtators with equal contempt.
The banks which we named in the foregoing no
tce are at this moment in condition TO resume spe-
Gle payments They have duly published monthly
statements since May last and on their statements
we, 80 far as our individual operations extend, have
came the resolution to receive these bills equivalent
10 SPECIE and to give that confidence to their paper
which aeir proper management deserves. We find,
also, that the following banks, by the policy they
pursue will probably be ready the LIST Of October
10 be placed on the same list