The herald., 1837-05-18

balances buy more specie either Of indivduas or
irom abroad; and TO act in concert against the COM
mon enemy OF four. As yet, the matter is in ebrya
day two longer will serve to let the whole affair."
out II now pretty well ascertaned that no decla-
ration OF suspension will take place. The causes Of
1ne abstraction OF the metals are daily decreasing
The up-countrymen get little for then produce now
that they compelled TO lay OUT that htte in stores
for their establishments and consequently rern with
m but specie enough to carry them home. The prices
of groceries have not come down proportionav with
those of produce, and hence the farmer and trader
suffer Again the importations from the interior are
decreasing daily. Shll the remttances rorthward
and westward, are going on briskly, for bills of cx
change or checks are now out of the question
The news from Mississippi is not very cheerina--
It's believed that the Planters Bank at Naichcz sus-
pended on Saturday. The President IS in town. bur
whether he has succeeded in getting specie not is
not known. No one now doubts but that the Misss-
slppi Banks must suspend There is nothing to save
them. The Post note bill has passed the lower
mousse IN a very imperfect FORM II is thought the
! Senate will veto.
The news from Mexico is of a singular description
saw letter, yesterday, to gentlemen here stating
that Bustamene elected, but had not yet been
| inaug1rated His policy declared, to make
amends 10 all foreign nations for the insults offered
10 lner cltlzens, to pay back the forced loans &C.;
TO discontinue the war against Texas 10 break I'D the
blockade, DC in fine, his course was 10 be highly
pacific and satisfactory 10 foreign powers and in on
position to the Priests. The people and the army
were with him.
Santa Anna was at his estate near Vera Cn,z.
Almonte was supposed to have betrayed the revolu-
honary designs Of the heo of San Jacnto as ne was
high IN confidence with Amonte, and strange letters
had been intercepted. The United States sloop Of
war; Natchez, has made quite havoc among the
Mexican squadron-captured one brig Of war, and
| sunk two others.
New ORLEANS 9th May, 1887, Tuesday, 10 A. NJ
The majority of the banks have agreed TO buv no
more specie. Fifty thousand dollars were offered
| yesterday and refused Formerly they had been in
the habi! Of buying each others metals drawn from
one bank by some holder of its notes and carried TO
another. This will serve to restore confidence in all
the institutions They have also determined to stand
| by each other in case of The CaYrslon and
Mechanics and Traders are in the worst position
They each have 900 out and very ltis specie on
hand. The French banks have been alarmed by the
union Of the American, and aid ycstercny that
the lead nancer Of the former clique had assented
! the arrangement of the majority. Meantime decla-
ton ofsuspenson is losing ground. Our banks ,piu
not declare suspension Of specie payments u,iess
forced into Il By II. aoar efMe government
The Agricultural and Planters Banks of Nachez,
have declared suspension-ilme not specified. The
other Mississippi Banks will doubtless follow suite.
The labors of the legislature will now be useless
They may pack sp and 60 home
Yet those in confidence are as firm rocks Why?
The ostensble design of the government to destroy
the Banking SYSTEM toto coeo, and 10 carry into effect
the hard money currency as advocated by GCuge.-
The distress of the people will be great, under such
an experiment, that they will demand a National
Bank: Martin Van Buren will tell them that the
his admnlsraton-that he found the majority op-
posed 10 United States Bank--that as good Pre-
sldent he was bound to do the will of that majority
that now they want National Bank thew shall
have one. He aoM then gire them one on The .Sofefv
Fund principle, by irhc he may control ercry cleo
tion in the country This, Sir, IS the sheet anchor
Of the parties hopes II ought to be proclaimed from
the hill top and the house top till the foolish people
shall know they are standing on the edge Of terri
BILE vocano-a volcano that is destined TO change the
whole structure Of their government. Talk Of the
treason of Aaron Burr!-tI chaf to the treason Of
Van Buren, for the latter comes in the disguise of a
friend.
The news of the possession of Tampico by the In
surgents, and the appearance Of the French feet of
that town, is contradicted
RicHMosp, May 15.-Thc Suspension will be
that Richmond, too, has done "ds Rome does 1"
1t the general wish Of the citizens. Our banks
forced to il in selfdefence We feel confident
that bat for the determination Of the northern banks
such course would not have been advised adopt
ed There are no banks more solvent than the two
! Virginia banks. There was very little excitement
with us. All seemed perfectly satisfied with the de-
termination of the banks. Their notes were selling
at a heavy premium in the nsrth, and there were, no
doubt, preparations making TO draw from us specie
which could not be gotten elsewhere The premium
payers were and will be little di, appointed. Our
banks have much right others in this day OF
Troubles, TO place themselves under the ngis of
J pension
some way or other We need not say that the notes
of the banks will be taken every where throughout
the country in payment ercept at the post Office az
we understand they have been served with a specie
circular also. The custom house too, we suppose
: will want the specie.
The governor has issued proclama ion calling ar
extra session Of the Legislature of Virginia 10 inee
: on Monday the 18th day Of June next Compiler
j A gentleman from Washington states, that Mr.
Van Buren and his whole cabinet appear 10 be fripht
4 ened almost out Of their wits and that they are seer
) by night and day running in and out of the whit,
II house though il actually on fire. The men
: bers OF tho old kitchen department are also seer
longing about the portals greedly se,ng upon ever,
If whisper that floats upon the breeze. The whole crew
r in this hour of difficulty and danger feel Their utte
nsucency for the crisis and sigh for the re. appear
s ance of old Hickory to drown all voices as hereoor,
! with his clustering and loud roaring. How oppos,,
is the conduct Of Mr. Van Buren,. He is as still as
If mouse, is trembling in his shoes, and directs hi
1, household TO keep silence
e "The state of Arkansas is the only distinct poti
a cal community known ia at this time Which 10 no
II convused and threatened with bankruptcy and rum
d What is the reason Of this? We hare not bank IN
d our imifs!T
d So speaks the Arkansas Gazette. Can any truth
:, be more EVIDENT
= Fromth Washington Globe ofM,y *
A zy THE PRESIDENT or TINE UNITED sTArrs or