Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1837-07-28
MORNING HERALD.
RIDAY, July ss, 1897.


a
;ury compelling the Commercial Bank TO become
honest and TO pay its debts, WHICH they justly owe
has created feeling of great appreciation, and emit
tied the Jurors themselves to the public thanks of tn,
whole community Al this moment when specie ano
paper are nearly within per cent of each other
the refusal Of any bank pay its bills in coin,
very near being rank swindllng and almost merit.
the States Prison.
We speak of these things in good old English, Sc
that we may be understood. Towards the banking
system, conducted on principles Of honor and inte-
gritty we are always have been, and ever will be ia
vorable but towards any species of chartered or per
nal fraud we trust we ever shall be opposed.
The verdict OF this jury has be popular among
The great mass of the people, that call has been
made us for their names. We have procured
them, as foows:
Hannng Crack grocer, liz Houston street
ohm p. Flandrow, turner, 243 William street.
Isaac T.. Storm merchant, IL Greenwich street.
james Phelan, grocer, l99 Houston street.
q. H. Sands, importer, so Llspenard street.
Rlchd Lawrence merchant 81 MADISON street
Perry Bartlett gentleman, ou bswery
William H. Pillow, hat dresser, "a Division street
Abel Smith Clapp, grocer FIRST Avenue.
Paineas Evert merchant, " William street.
Samuel O. Davis, merchant, 81 Pike street.
q orge Morrill, COM merch ant, 2e2 William street.
The moral courage which has marked the conduct
of these men, augus well for the durability of
publican institutions. The great conflict begun, not
on point of metaphysics constitutional law, but on
The great moral principle which is at the foundation
of social order The suspension Of specie payments,
and the fraudulent suspension law, were brought
NIB nj BY a terrible state of Generalization IN the
'noner classes Of politicians and bankers For many
wears pas The legislature under the unprncped conn-
sells Of corrupt men, has been little better than a hell
for perpetratng all sorts of gambling, and generating
every species of roguery upon public creduty. With
,hc famous Safety Fund System, began series Of
demo,aliyatons which have at length almost oblie-
raled the ancient principles of justice, integrity, and
honor from every institution, and every educated
mind We have constitutions, laws governors, legis-
ya,ors udges bu, Of late years, IS melancholy to
,oal hack and witness the havoc that has been made
IN every thng valuable and honorable IN society,"
The institution of the jsry has alone renamed pure,
and heyond the power of the corruption OF the age,
-nd ,bn decision against the Commercial Bank is the
frs, step that will gradually lead the public mind
hack TO the example and principles Of our ancestors.
4, IA said tina, the Commercial Bank, discontinued
sh Inc decision Of twelve honest men, will carry up
The case 10 the Supreme Court. Let the Commercial
Rank or any other bank dare to cast such an indg-
ni,y on Jury trial, and they WILL IN three months
see the effect il will produce against all such recusant
institutions Better would it be that thousand such
chartered swinders were RACED from the face OF the
arth than for one moment TO permit them TO destroy
and render void the great institution OF the jury, or TO
hr,w shackles upon the unalienable nights OF every
snsn 10 recover his property.
We cannot and will believe, that the Directors
Of The Commercial Bank will permit Their ofhcsrs 10
in suit Jury of reemen, by carrying so PLAN case
"a this before another Let them pay the PLAIN
tiff his verdict ana costs. In financial polnt-to
say nothing of the moral-thc Commercial Bank as
x,e, "a every other bank will find il their interest
1, resume specie payments at once There IS plenty
Of specie now in the country. Small silver
change i selling in Wall street, in any quantity,
ar per cent. and sometimes less Where is the
difficulty in any bank resuming specie payments, and
uyiag TO be honesil They may reply, but we lose
the premium" Ought they not TO lose the premiuml
Were they not chartered and privileged for that pur-
nose All this moment the evils Of the suspension
are pressing heavier and heavier the great mass Of
the people. Private banking is at last in its glory
and its disgrace. Every boot black has almost be
come private banker and when il IS to end We know
not we have bsen making an experiment on pri
yae banking and thus far II has digusicd every class
OF society.
Let all the banks in this city resume specie pay.
ments nj once There is no obstacle but a premium
of five or per centthey ought TO pay that bonus
for their privileges In one week after such resump-
ton the miserable trash afoat will entirely dis
appear BY such conduct they will acquire and begci
public confidence. The foreign debt is nearly paid,
and all difficulty disappearing Resume, resume,
sumo If you do not suits will be commenced against
YOU BY the bushe I'LL you must either resume. or have
shut up your paper factories, TO avoid public ndig-
nation. The great institutions of this country are
founded on justice-mora overwhelmingly and
honor and no array Of banks dare sap and mine
them any longer.
BALTIMORE ELEcTioS.-Last evening report was
prevalent in this city that the election in Baltimore
had terminated in favor Of the Wings by majority Of
lS5 This mornings mail will throw some light on
the subject which will be given in the Evening Her.
AID
Tar LATE DuEL. We are enabled TO answer the
enquiries Of correspondent yesterday relative to
the recent affair of honor. Mr.. G. did not give any
inumaton to Mr. b. that he would return his fire.
The nIimaon was made to his second only. Again,
only one shot fired by the parties, instead Of two
a. xre had al tod And