Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1838-03-13
MORNING II + Il a W.


"a paris dates to the 10Th of the same montn.
THEW contain nothing of particular interest
III. .oire above and below Orleans, has been no
xsn over The Bank of France has given notice that
from February lst will make advances, by way OF
loan on the security Of Stock in the Public FUNDS
Canal Shares and Bonds of Paris, as low as QUIT
The total receipts Of the Octro at the Barriers OF
ms for 1886 amounted to 90 594 $50 fr, or III oS"o
Is.
Several of the old employers of the gambling hou-
SEES have been arrested for opening private estaplsA
ments, subsequent to the closing of the licensed IN
stitutions on the 3lst December last.
The severity of the cold has driven the wolves from
the woods inte the pasturages OF NORMANDY. In ''e
pavs du BRAY they have destroyed many sheep anu
given chase 10 the shepherds o..
The Savings Bank of Paris on Monday, the z9.n
January received in depese 656, S4 francs a9'ooo
francs were Withdrawn.
The French Funds had been disturbed by the Ialse
alarm of dissolution of the Wing ministry IN Eng
land. ,ooe
On the 3lst January the per cents opened al iV9i'
TIC. and closed at l09f Soc
1,he Carlist expedition of Zavala has been stepped
the hack of the Ebro on the opposite side 0! winch
Espartero had collected large force
In the noble Italian guard, the orgaaisanoh Oh
which has recently been settled at Vienna, eniy 'hose
persons are 10 be admitted who can prove nooly toi
;, least 800 years. and whose ancestorsean be SHOWN
10 have rendered services TO the reigning mousse OF
Austria
The Scntiaelle des Pyrcneesgives report that iour
rsval residences be constructed for Don carlos
n, Durango Eorro, Loyola, and Estea, ana 'ha' the
furniture destined for them had been taken iroH TIC
property of the emigrants. To prevent damage OF
accident the furniture is 10 be carried tois oesnauoh
on the backs of 100 men, who had been recru'eo IL,
the purpose By order of Don Carlos new centrum
levy of men between the ages OF IL and oo was 10 take
place with view to re-organze tne oiu ioy'"''
militia.
The refusal Of the French Ministry TO interfere
onenlv in the Spanish war of succession 10 likely 10
occasion the fall of the new Ministry Of Count Oriala
TIE Oueen has sent for General Csrdova TO whem,
i nnne,ed she has entrusted the reformation OF the
cabinet.
Highly Important Investigation In the S"y
Hst~I--DeveIopnent ofthe Secrets Of " All
Street.
In another column will be found full, accurate
and comprehensive Report Of the extraordinary De
yelo,ments making before the Investigating Commit
90 from Albany in relation to the unbloody but wick
Cd pracuces of John Delafeld and the Phenx Bank OF
this city.
Oh horrible horrible most horrible!
This developmentis as vet comparatively unknown
q, the civ but as soon it shall be noised abroad,
we have no doubt but that, today, the CITY ho'ei
will be oyerrun with the usual crowds OF raseals
DIN and water in order to Be a5s Co mte yny skp %
sure of The astounding facts with proper enthusiasm
BY the evidence gwen this day, our unbelieving
readers will be astounded II appears that during the
fav nd
sons exchanged southern commercial paper for drafts
of the Phenx Bank on southern banks AT 5 per cent
discount and the interest, according TO law. These
drafts were negotiated chiefly by Shpman & Corn
ing at IL per cent per month"; fer New York funds.
When the Phenix Bank RENTED the paper, which
formed the basis of their drafts the south, the pa
per was not paid it was returned protested. The
Phenix Bank, of course came upon the original draw
srs fer the whole amount-the drawers refuse-turn
round and get up investigation in order TO prove
usury on the Phenix Bank, and vitate its charter.
The morality Of this proceeding is expressed in
few words. Certain merchants, sadly in want OF
money tempt the Phenix Bank to negotiate southern
drafts for commercial paper, al high rate OF dis
count for the exchange. Finding the paper dishenored
they seized with sudden fit OF honesty, and ac-
cuse the Phenx Bank Of usury and other wlckedRess.
We have no pity-no synpathy-no bowels OF COM
passion for such doings. II is miserable and con-
temptbc piece Of private persecution from beginning
TO end. Because John Dela6sd and the Phenix Bank
manage their business within the rules Of every Prn.
eple Of morality recognized in Wall street-for Wall
street is damnable place-a set Of men want TO
crafty their feelings Of revenge against them We
have pity for the shavers shavees Exchange pa
per 10 property and property is worth what II will
feteh in the market This 10 the breadth and length
Of the affair The Beard Of T. ade has degenerated
little clique Of locofocos. The whole investga
ton 10 set on by band 81 ridiculous, iuedeemable
spectators, every one Of which we know.
We have no time today to unrsvel this mystery Of
iniquity," but shall do il thoroughly soon
Ne enc will suspect us Of caring for Jshn Delafeld
or the Phenix Bank. We feel osrsef i'm ncasureably
above oil banks, and all bank Presidents and justice
shall be done 10 Wall street, II the day Of Judgment
should come in thunder and lightning tomorrow.
Today we learn that the highly intelligent commit
tee will open their proceedings in large room. They
are right This matter is becoming the exciting topic
of the dsythe only one thought of or touched upon
m asy circle Of finance. In our Epsning paper to-
day the further examination Of the witnesses will be