The herald., 1837-05-01
From the South.
BY the Express mail we have the following inelli-


New ORLEANS, April 22nd-That men will seek
their profit before all others, natural least,
if not very iattering to species but he is less
than man, and worse than brute, who would con-
sign thousands 10 ruin for pary pance, and laugh
at the misery of a whole people, SO that 1t brought
but few dull dollars to cheer his selfishness. We
speak not in general terms, but from individual in
stances for il was but yesterday morning that rlf-
fian-we canHot call him otherwlse-a stranger IN
our community collected thousand dollars OF the
paper of one our down town banks, received the spe
Gle for them at the counter and shortly returned with
offer 10 sell it back the cashier at premium Of
2l2 per cent We call upon all our banks to beware
OF such scoundrels,-we call upon our citizens to VI
SIT with their severest measure of punishment such
heartless ruffans: and we warn these wretches
themselves that the first renewal of such fraudu-
lent acts we will expose their names, characters and
occupations TO the scOrn and vengeance Of the whole
community True American.
MONEY MARKET, City-Saturday, A. M.-Noh-
ing transpIred IN the moneymarket yesterday worthy
OF note. Attempts have been made by some unp prin-
ciped wretches TO draw specie from the banks with
the intent Of selling 1t at a premium to those nstltu-
tons. We know that such a transaction actually
took place in Natchez few days ago. by which
great gain was realized on two thousand dollars No
punishment would be too severe for such offenders
against all right and justice.
We are Informed by nearly every broker of any
standing whatever in town. that cotton is still ussae
able The accounts of sales that given in times
like these, are vamped up to produce effect. 1t is
represent and to conceal facts Ii is sautary to The
interest of every individual in the community to
know the real state of the market. The tran factions
Of commerce should be matter of public record, as
IN European ces.-I6.
LOUISVILLE, April 1--we much fear that the mo-
MED institutions Of the country will receive shock
that will take time and much nursing to repair Our
latest advices from the east well the south,
well calculated to alarm the merchant. Money, mo-
ney embarassments difficulties, rise of exchange,
shipments of specie, are the general theme of
versation. The best houses in the counlry,-those,
who from their extended operations give tone and
character TO business, seriously involved in the
issues What may be- is yet in the womb Of time.
Importers have feeling of insecurity in purchas-
ing the best Of drafts, and will measuraby resort to
specie, as the surest well the cheapest remit
tance. Our main dependence in this crisis is on the
Bank of the United States: If she will step forward
and draw at sdUing rates, the precious metals will
not be exported and substantial relief will be given
to the community. Our own city will feel the effect
of these dihulues in continued pressure in money
matters and trade generally. The banks, although
in situation TO extend any assistance that may be
required for the emergency, little disposed to
tnue portion Of the facilities heretofore given and
are already narrowing down their business Our
merchants, however, stand firm, and confidence pre-
walls among them.
Business has been fair the past week.-Ibid
We do not discover any particular change in busi
ness since our last weekly report; it centuHes to
be done on very limited scale-prices of most ar
tces of provision are lower but the reducte does
not inc ease the amount of saes-the greater part
of what are made, cannot be looked upon much
more than retail
Quotations may be considered nominal, as mo-
ney is very strong temptation 10 take less than
wha, is generally said to be the market pfice-very
seems 10 be nearly destroyed. We do not hear of
any relief in money affairs, all the plans spoken Of
appear to fail in afiordng facilities for the
rion Of business to any extent. We do not hear of
any of the banks purchasing exchange, and until
| that is done business must be limted.-Bcc.
| An important arrest was made yesterday by one
of the deputies of the sheriff. respectable mer-
chant of Mobile, while in the act of departing from
| this city on board of the steamer Monarch Ia
ken in custody and subsequently, secured in the city
dred and ffiy ,hoasa"d dollars on fraudulent pre-
fences Upwards Of fifty thousand dollars in draft $
and doubloons were found in his possession.-ibid
The pressure for money continues, and our market
is in more sgll and drocplng state than ever has
been at this season of the year. since New Orleans
| first rose 10 any commercial importance. Fair and
pleasant weather has prevailed throughout the week.
1 The Mississippi is two feet below high water mark.
| The market remains in the same immoveable stu.
alton noticed in cur last report, and for the same
cause.-the impracticabillty of negotiating either on
Europe or the North. The whole business of the
week amounts TO less than 09O bales, and the sales
were at such rreg uar prices as 10 make il n, ,cessary
again 10 dispense with quotations. As well can
| be ascertaned however from such rifling iransac-
TONS Louisiana and Mississippi fair Cotton is worth
about III l2 cents, and average parcels of Tennessee
and North Alabama from l-2 to cents. con.
| siderable portion Of the Cotton now shipping is c
ther on planters or factors account as many of them
will not consent accept such prices are offering
| at the present tlme.-COurier.
NOBLE April 24.-PvBLIc MEETrEG.-A meeting O
the citizens Of Mobile friendly the call Of the Lees
laturc forthwith by the Governor, held on IN,
2sd inst at the Court House, pursuant public notice
The meeting was organized by calling Judge Gold
thwate 10 the Char, assisted by Judges Lipscoml
and Saflold Vice Presidents, and appointing Johr
r. Pagles, Secretary. Col. j. B. Hogan submitte,
the following resolutions which were read discussed
and on motion severally taken up and adopted
First,
Resolved, Thatt is the opinion Of the meeting ha
an immediate conventisn of the Legislature wou
have the happest effects upon the general prosper
of the people Of this State.
Resolved, That it is the decided and solemn opin
ion of this meeting, that any attempt, on the part 0
the Legislature, any member thereof 10 bring (, 7
ward or sustain any project or law, tending in an
manner TO impair the obligation of contracts, woul
destroy the character, dignity and high sanding Q
the State of Alabama, and prove destructive 10 III
best interests of every portion Of the State and shou
meet the determined opposition of every lover of hi
country, as IL does Of this meeting.
Resolved, That the Governor be, and he is hereb,
earnestly requested TO step forward in behalf of III
people, and issue his proclamation, convcning III
1 nj ne porlv ia fho N