Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1838-05-08
To WILLIAM LoRMAN, ESQ PRESIDENT OF THE BANK


OF BALTIMORE.
SIR: Recognizing in YOU the President of the
prosperous, and scst conducted banking insttu.
lions of the Sate-a public spirited and patriotic c,i-
zen whose enlarged and liberal views have contrbu.
ted than any other advance my native city TO
her present elevated position An examplar in private
life of all domestic virtues-a gentleman whom from
boyhoed have respected and esteemed l address you
this epoch teeming with events intimately con.
nected with the future prosperity Of our beloved
try
sacrificing their high standing in conserving be pre-
claimed bankrupt order TO the rcial com.
muny, has received il merea, the appreciation of
all intelligent men, and the result has proved their sag
city solvency and solidity.
Indebted TO the General Government fly millions
fsry four Of which have been promptly paid and the bal
secured under the provisions % the of Congress
of October last in satisfactory leave no
apprehension OF any ultimate loss thus proving them
selves the only safe and appropriate repositories of the
public To entitle them continu ance and
20 return TO currency for Government and
people, viz that Of the of specie paying banks
1t is indispensable that they should promptly resume
To Indicate the means by which this desirable end
caa be attained is the object Of the present connunca
ton.
Confidence universal and all pervadinp. must frat
be restored Confidence in the trans actions OF life is
better circulating medium than gold silver and il ia
mystery how an article, valueess In itself should
have bscome, by common consent the representative
and uniform standard of values among all the nations
the globe barbarian and civilized Turk Hottento In.
fdel and Christian.
commerce, the twin sister Of agriculture, the hand.
maid of manufactures [for vessa neas the &C
butts freghted with the fodace Of a fertile SOIL the Ia
Dor and the industry OF the loom and Of the shuttle
commerce, which By facilitating intercourse creates an
identity OF interest that unies 10 man no matter
how remote, how varied the cline how different his
habits and pursuits has produced this great result for
tAe convenience of the human race.
portion 81 the precious metals has therefore become
necessary Ingredient in the happiness OF mar. Their
entire disappearance from circulation may be endured
a hff h. af.rnstt .I
the causes which led 10 their being dispensed with have
passed away. The period for united action has
arrived. New ork, being creditor state 10 deeply
interested IN return 10 Sound currency every dollar
received by her from her debtsrs - loss on the leet
mate profits q her trade to the full amount Of the de-
preciatos.
Her councils are regulated bv p-ac,;c. u snrsh,.,
and intelligent men. She knows her sesi,ion and -
derstands her true interests. Anticipating event. ,be
vaul. ~ eer moneyes institutions groan with ample
stores o'conj with lavsh hand she Ia prenared and
ling 70 pour hem out The transition from gloor, =, -,
ry viii HASH with the rapidity OF sunbe the
assurance given that other banks will follow suit with
~ lmhed ine say SIXTY days after the 10Th Of Ma
and why not follow suit Why after sbe h.. - !! ,
sagacisus move permit yourselves 10 be cheetss =;
public opinion, and keep shutting the pack until Jam
AIRY, when the game Is in your hand coun,in, h.
only, leaving the tricks to yosr adverssrissp o.
country Is IN condition requiring the aid a n.,rio.
and statesmen 10 sustain through he crisis
The eternal SHOWS which on the craterof E,,, :;
freezing repuison, give indication Of the voicae
fires which rage within; neither does our presen,
peaceful attitude indicate the Storm which NAV ever
take us.
one Territory has been scourged by wars desolation
Although the blood and treasure Of the nation has be
poured on the sands of Florida, q most skfu officer
gives as decided opinion that will require an army Of
twesV thousand men 70 extirpae our invisible aad
eolore nyhcbie foes, who sprngisg from the grass
IKE mes Of Dhu, down their sdversaries and re-
y safety 70 the everglades and swsnps ofheir I'm
poluer war toschiag three States. Is threatened by
me oeierminaton Of the Cherokees NOT 10 remove and
a.nosgh me department have wisely sos6ded the con
ro OF al tne military movements 10 the .srscity and
ianes a. me nest humane and accomplished soldier
% call out nine thousand militia IL addon - ~
teers and regulars placed Al his comns,d ,-bs, al,
mole SOUTHWESTERN frontier the abode OF force
warriors ready and willing devastate H. fr,;l. s
ana sumbering population, serious results r.sy he ,r