True American. [volume] (New Orleans [La.]) 1835-18??, 1838-12-08

rn"s rect "yn0rtniion without the tstrnN nuily
OF the New Orleans tactors 8" tar tom h m NJ
ing any censnre on this account he S'"nld ra'h'r
be considered public henen"'or than a''a
commercial tespoilcr we hear sitnl'ar complaint
against the uuion b, nix IF Mississippi md Mr..
Biddle made responsible thrrctnr because he =
ciliistrs the financial operations OF a lusitint on,
when both are promnlng public good, anu espe-
ciay the trade Of New Oieans, by augmentlng
the pecuniary means OF he plan'ers; the latter
neither boards mp such means nor sends II 10 TO-
reign countries, bun parts with his money ms soon
as received, the greater portion OF which hnds us
way TO New Orleans wih as much rapldiiy and
mathematical certainty MS watsr when 1t breaks
from the dam finds hts Level: such mnney Is far
more important to the general trade OF The GUY
hen the employment of a few factors, drnys, steam
rssss., ami brokers.
Most of the Banks in Louisiana, Mississippi,
and Alabama are about resuming specie payments
and how have they been enabled To do tn 81 We
answsrby the assistance rendered by Mr.. Biddlr,
or ny the United States Bank, not So much by di-
rect ionns as by facilities afforded in their Stock
and Exchange negotiations-the New Orleans
banks may deny this so tar as they e concerned,
but they are mist taken; such Banks iave obtained
the ability to resume by collections from their late
debtors, they could not have paid had ruin ovrr-
sprend the Cotton Planters, which II most nssur-
tdly would have done hnl for the interference Of
Mr.. Bidd'e and the abundnn, crop witho"n COED
market would have proved a curse rather than a
blessing.
That gentleman differed with the New York
York Banks MS TO the proper time to resume, we
then thought him wrong--Ne still think so. but
ter all It was matter of opinion, aud if he
was wrong his course since has abundantly atom
oil tor that error. his measures had crGa ed tho
power toresune, and II was mighty proper ha, he
should not advocate its Application before i, had
IN his oP mon reached capacity to perform the
ot lects intended.
We dsnoscI m ,,,,,J al, .,;,, D., II, -,
Tar as New Orleans and the cotton planters are con
cerned yet we do not consider him have been aclu-
atcdby any other than self motives; the love of gain
and the love OF praisewortly fame have undoubtedly
been his polar stars and he that expects more NOR
tails does NOT understand the various chords which ss-
pend and regulate the human heart: and when we see
the small fry urging that his measures have been
made Tor the exclusive benefit of tn" planters,
reminded OF the saying of distinguished man - Pre-
serve me from my friends, my enemies, leave them tc
me-"
The wisdom of Mr.. Bldle has been in adapting mea
sures for his own benefit, which had the effect equal,
to benefit he planter, an essential requisite to the pro-
motion OF his own interest therein, the public com
mersia benefit although great has been incidental
and OF necessity, and had been otherwise Mr. Bddle
not being publ officer the peoples representative
could not be expected to be Influenced thereby or To
have re'raned on Tint account from pursuing Lawful
business likely prove b,nc calt himself and 10 thos,
with whom ha was healing-a business equally open tt
all in which Mr.. Biddle has other advantage thar
superior intellect, which the Great Ruler of the Uni
vers has vouchsael to confer upon him. and the contro
Of greater funds which the suit of such intellect
JUSTICE.
| HE MORALS OF FLATB ATS. There is phoso
ply in fiat boats as.w Ii as IN cock ed hats tr an,
thing else They float along with the current
smoothly and quietly wherever it bears them
ladcned with abundance of the good ca Fable
and turntables Of life, and though homely in a D
pearan"e are perhaps useful, in their way, a,
their noisier and more d#sh'ny nee hbors, the
steame's Just so in the broad stream Of the worlc