Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1838-01-25

ALBANY, Jan. Fl, 1888
Three weeks Of the session are gone, and what
has been done Let 10 see. The bill TO repeal the
small nets prohibition law has passed the Assembly
Five private and unimPortant bills have passed beth
houses- Four private bills haye passed the lower
branch and seven the upper. They are yet IN sa:-
pence. The bank committee of the Senate have MADE
arepost on the subject of small bills. Bills are ~
t-ansitu thresgh the Assembly to repeal the auction
law to buid monument to De Witt Clinton to en-
able the banks 10 buy up and send home foregn Dlis
below five dollars, and several individual bills The
Senate have passed ocofoco resolution TO pry INTO
the secrets OF the banks; and the House resolution
TO examine into the Dry Dock coRcern IS sleeping qu-
city on the table Of the chairman Of the commltee
on banks and assurances. Some eight or ten reports
from various state officers have been received FMS
is about the SUM fetal of what our wise wing and
locofoce Legislature have done. And yet Mr.. Slbley
was so silly as TO propose an adjournment on the 50
of April! Why, the man was mad.
hear on pretty good authority, that the wings are
waiting the result Of the sub treasury scheme before
they will take any more responsibility on their shout
ders. They see STERN brewing IN your city That
must break with fearful violence over the heads OF
the banks The banks, in preparing for resump-
ton of specie payments have been obliged to know
no party They were compelled TO lay aside thel.
political mantle, and hence the laaguageof the Cou-
rier, hence the petition now circulating IN your city,
hence the cnmlty of their wing friends The banks
will fall between the violence of the two parties that
now distract the community. On the banks depend
the existence OF hundreds Of wing and locofoco mer-
chants. Cut eff from their discounts, these very
men will be the most active against their old friends
This comes OF banks taking part IN politics. |
should not be surprised to find the wings OF New erk
the most violent bank locofocos In the country be-
fore the crisis is over.
Again, the doings in Boston have actually fright
ened the wings of half their wit. They VIII not
venture to touch the bank subject until they can see
their way clear. Suspicion 10 growing every day
stronger and stronger, that many OF our Safety Fund
banks are no better than the Commonwealth lnsti-
tuition. Are 10 have the bank scenes OF Kentucky
enacted over again? Mr.. Van Dyck's resolution will
bring the matter 10 climax. If the banks resist I
will be all over with them. This resolution demands
a statement OF
lst-The aggregate amount of debts due by steck'
holders on their own account.
2d-The aggregate Of liabilities the stockholders
are under endorsers, and
3d-The aggregate Of debts due by persons in no
way connected with the banks.
4th-The Fl ST two requistons in relation TO drec t
and officers of banks such, and in their private
capacity.
5th-rhe balance either way between the debts
1t is not mere game of political ascendsncy,
fear that is be played for the next twelve months
The grand attack upon the banking system from
Washington through the bait res OF the Sub
nv Scheme and the inability of the system itself Il
hold together will bring about crisis such as we have
not yet seen 1t is wonder then, under the presen
lowering aspect ofthe political horizon, that our Wing
Assembly will notmove forward in the great projects
Of policy expected fthem. will give you timely no
tice, however, of the slightest attempt at any move
ment. There is none en- the tapls, except {
haf-formed iRfen lion of the Locos in the Senate Il
thrust out the General Bank Law as bone for thsl
enemies 10 pick at.