Morning herald., 1839-10-28

she centre Of all ratters of Pubc concsrnmen', nav
to study 5rpy their compositions and to cur
s their notices much possible so as 20 iac'ae 'ne
puAlc convenience, and give every person cnsnce
~.s Yriumph ef honessy-PestpoUcment
- ~>sraI EankrmPscy-Thc banks Arm i'm
nimx specie pay naents-The , Jebbcrs
~se ready saspcna-A Gleam Of mor-
ais, Sssth, virtue, ASld and silver.
We have yet hopes sf the present generation.
I he banks are firm in their determination to pay
pecie On demand and not to make any promises OF
ahe future, and the jobbers and others who were
ready to break, and swore they would break, have
postponed indefinitely their awful catastrophe, like
the wise man who put off his jumping ever the moon
till q future day. The movement for the banks TO
give relief, that is suspend set foot by John
Haggerty at great meeting en- Tuesday last, burst
mp and exploded Saturday night last in the same
place where il began, the saloon Of the City Hotel,
amid riot, confusion, uproar, and the breaking down
OF the foor We have had crash but it is the crash
of rafters, not Of jobbers. Accordingly, John Hag
Serty finding that he could not frighten the banks
into fresh issue OF bank notes, very wisely aban-
dened his project in time, and Saturday evening,
in company with several beautiful women, drew
npon the lovely Miss Shirref for some Of her most
valuable musical notes Notes Of some kind John
required and notes. and better than all the
irredeemable notes Of Philadelphia, he has receiv
ed in abundance. We are glad Of it-because in the
main we like him.
This explosion Of the jobbers' and auctioneers'
movement 10 the most laughabe that took place
in NewYork In another column full report is
given, with all the trimmings and humbug Not since
the famous working mems meeting, when the in
6dels and the Fanny Wright men fought for an
hoAr by ST. Pauls, Matthew L. Davis pettic,at hold
er TO the combatants, have we seen SO curious a
burst up.
Seriously, however, this explosion is most happy
consummation Of daring, reckless, unprincipled
dishonest attempt TO intimdate the banks, degrade
New York, and minister to the sordid passions and
morbid hopes Of the grand swindlers of Philadel-
phia From the inception Of the movement, it was
agrarian in the highest degree. The various propo-
sitions Of their various foolish speakers at the
City Hotel, stripped Of all verbiage and trash.
amounted to this" If the banks do not pay our
debts we will break and pay nothing 1t
was call upon the stockholders Of all the banks,
consisting Of retired honest men, widows and or
phans to divide each their little pittance of bank
property among these fellows, in order to save
spendthrfts overtraders and extravagant fashiona-
bles from bankruptcy and ruin. Did ever Skid
more and his disciples make more impudent pro-
position? Never.
We are happy, however, to be enabled to say that
the integrity, good sense and sound principles Of
the great mercantile bedy of New York have
put down forever these attempts of impu.
dent clique Of spectators and jobbers who desired
TO odigrass gensra repatation in order ts escape
notice under the general crash. The whole move
nent originated with the same sci Of pretenders to
wealth, respectability and fashion, who started
the opposition to the Pherix Bank-persecuted John
Delafeid because he loaned them money, and after
wards got up the American Exchange Bank under
the new law, to regulate the currency and exchan-
ges from New York, deep and wide, into eternity.
From this day forward the question of suspension
in New Ysrk, or general bankruptcy Of her honest
merchants, has received its quetus The swindlers OF
Philadelphia may look At home. The banks here will
triumPh-prices will falland all those who have not
managed their business well, must break, and 20 to
the country and plough, any thing they fit for.
Nearly twelve months ago we predicted this very
state Of things-and twice every week we warned
ahe people Of Pearl street Of the very crisis they
set up clamor about The brokers, and large por-
te. Of the mercantile community, acted ON our no.
nest, independent views. They all sound and
solvsnt-there will be no bankruptcy those only
will break, who ought to brcak-who deserve TO
break-who were never fl for any thing but break
either breaking glasses, breaking heads, or
breaking regulations.
Having disposed Of this matter, we shall turn our
attention to the important electoa which takes place
next week-but net as partisan-ncta ~ amiserable
pclitcian-not as an agent Of either party. We shall
examine all the men and measures involved in the
next election, and give the people Of New York a
fair, honest candid and searching analysis Of these
matters. Let Hone, Tompkins and both the Assem-.
bly, tickets look out for searching operations in our
columns.
TBE NohisArfoss.-The wings and locofocos
lave their candidates the field, as follows:--
WHrs. Lscoroco.