Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1838-05-03


HeRsoa vros HoxRoRi-MeRE srEAnBoAr DIS
AsrxRs.-The steamboat Monarch, arrived on Friday
At Ciasinnsti from NewO Orleans, brings ntslgenee OF
the collapse Of aue Of steamer Oroaoko about one
hundred miles above vicksburg Four persons were
killed, and four FIVE horses destroyed The Passen
| gers were brought up the steamer New Albany.
THR SOCIAL INFLUENCE AND OPERATIoN OF BANKS
| AND THEIR AoENTs.-There can be no doubf that the
Banking interest," the presidents, directors, cashiers
and their connections and dependents are the real
government of the country, the imperium IN smPerts,
| Of which the authorities at Washington and Albany
are the puppets, the oslensble instruments OF mys
ferrous and invisible agency, whose influence Is emily
manifested by acts. This occult and formidable pow
err great at all times and seasons has risen to Its pre-
sent height and preponderancy in the country within
the last eight years. during the wonderful expansion
of trade and the promneHcy necessarily assumed by
all those institutions TO which individuals were con-
PEELED to have recourse for assistance in carrying their
gigantic projects into execution. To obtain the favor
OF Cashier or the in reference of President of
vital importance in facilitating DISCOUNTS and the CO.
operation of several Directors in the same view
dered the object contemplated more certain. Hence
was that people learned to court the counteHance,
and watch the looks of these financial satraps, on
whose good disposition the fate not only of specula-
tons bur the credit of mercantile houses depended.
Ii is attribute of human nature 10 love power and
influence and whether men live in republic or des-
potism they like TO exercise authority over othe 8.
No influence is tangible and omnlpotent as that OF
wealth, and the dispensers of its facilities are enabled
to establish grinding and oppressive social ty-
ranny than any monarch in the plenltude of his abso
lutsm. The sanctum of cashiers, and the closets OF
presidents of banks could reveal many scene of
cnnglHg and humiliation an AFFECT entreaty-
many an imprisoned appeal on the part OF persons
whose credit depended upon prompt and liberal dis
count, when man forgets the dignity OF his nature,
and commercial exgency forces him almost 10 kneel
his fellow creature because he is the temporary ad
mns,rator of the funds of Others 10 the best advan
tage Hence il is that your nanciers and cashiers,
during the period when money was more wanted than
at an former period, have secretly built up and main
tanned an influence, of which the Almighty Dollar is
the alisman which is proof against the vcissltudes
of times and fluctuations, and which is Increased by
seasons of difficulty ard pressure, as the wonderful
fabric of the eddystene is more firmly connected on
its basis of solid rock, and more closely knit together
by each accumulatiag and curling wave thar dashes
over its summit or slides against its Sides
The influence of Banks and their instruments upon
the political destinies of the country is too obvious to
be enlarged upon and the contest at the present time
is OF free agency the part Of the government
and an attempt to shake itself free Of the trammes
that had nsidousy crept around it. unril Its ener-
gies were controlled and its will overpowered, and
moulded at the discretion OF the eigarchs Of Wall
Our object is TO exemplfy its operation in 80
cia life and 10 shew that condition class of So
Gieiy is free from lis influence, and the domination
which The command of the destines of trade and bp
sness cannot fail 10 acquire.
The President, Directors and Cashier of bank act
upon mems minds with the same force and efficacy
whether they expand or contract their discounts; in
the former by gratitude for favors conferred in
the latter by apprehension Of applications refused. In
both situations their power is increased; and the man
who knows that his credit and commercial existence
in the hands of another looks up the arbi,er with
Difference that becomes deep and settled habit in
proportion IL tho importance OF the stake at issue
They can make or mar mem prosperity; and as gold
s the primum mobile of life and its interests these
lords of Wall street are invested with dominion to
which the authority of King or Sultan is dust in
the balance. The recent insight into the operations of
the Banks shew what men will do TO extrcate them
selves from the pressure of peounary difficulties and
tie deapotisB which cashiers and presidents have it
in their power to exercise, whether for good or evil
SINGULAR ATTAIN WARREN srnEEr.-A very
strange circumstance occurred in Warren street, near
the corner Of Broadway, a few days ago, which ex-
cited much remark in the neighborhood, and which,
we should have thought, would have attracted the
attention Of the public or the coroner; bat we under
stand has been passed sub sientio and but for its
reaching our ears, would have been alluded to.
In the house in question resided young lady Of some
personal attractions; and on the morning Of Sunday
week she found dead IN her bed, with marks Of
violence about her throat the circumstances attend
upon tins catastrophe said TO indicate the i'm
possibility Of her death being attributable to her own
act. On Sunday or Monday se'nnighi the body was
removed from the house: but where carried or
for what purpose has MOI bean a cerfsined
RICHARD HEMnING a son,
TORGE NEEDLE WILLS, q ID ID r c N
~ Return theH iueere thanks the
IN their NJ edle. Fish Hocks,
public that they still the greatest
rspusctnre arcs that will
setn, and, they trust, continuance OF cir
| uossge.
hemmag sos hyve bee. obliged to csutsn the pubic