Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1839-10-10


ing system has come. Yesterday the United States
Bank in Wall street. agent con amore of the u s.
Bank in hiladelrha-refused to redeem the post
notes OF the latter payable in New York-rePudatcd
certified bank checks-and cut her connection en-
tircly from the Pennsylvania Bank of the United
States. This created great sensation in Wall
street. and the general inference drawn that the
United States Bank, Girard Bank, aud the banhs in
Philadelphia had all suspended specie payments.
The excitement among the Wall street loafers, in
creased throughout the day, and all sorts of rumors
were in circulation. R. M Battlefield, the attorney
Of the United States Bank, appealed to- and his
opinion asked Of the meaning Of the movement.
"Does Il mean suspenson!' g just you please, .
replied he, coslly small potatoe yet done.
From the information received, it was the general
belief that the Philadelphia banks had al suspend
ed. Their and policy for the last few weeks
have been looking in that direction. II the Phiia
delpha banks 60, the Baltimore and all the southern
institutions will follow, except the New Orleans
banks. In this state Of the case, what will
banks do? What should they do? II they mean to
swiadle and plumber the public they have splendid
example before them from the honest moral and re-
spectacle city Of Philadelphia All will depend on
the depositors. Take for instance the National
Bank, which has specie to the amount Of Sl7O 700,
circulation oaly $780, go, bat depositcssquaI to $780,
600. If the depssitors choose they make
the National Bank suspend in two hours-and
so perhaps with every bank in Wall street. Will
the depositors act in this manner! This involves
another question-are they men Of honor and inte-
gritty? or they moralists the Philadelphia
plant This question will be tested by their conduct
today-which win be day Of greater excitement,
confusion, and drollery than the llth of May 1887
Every thing, therefore, il in the wind. The bank
ing system involving ali the moral principle Of the
age and country is at stake. The landmarks OF vir
tue, principle, honesty and integrity nearly all
efaced. We know not what is comiag. The Phila-
delphia banks may not only suspend, but half Of the
presidents and cashiers may run away in the next
steam ship; and not sure but it would be .
happy thing for the country if they were to run of
in any direction. The significant letters G. T. 7.
would do to put upon all Philadelphia bank notes
hereafter Bat we trust and hope that the New
York banks will breast the storm. They win be
supported by the banks Of Boston and New Orleans,
and they ought be shut up and wind mp all the Phi
laaelpha banks according the laws Of tn State.
The character Of the whole movement will soon be
developed. We are disposed to call it one Of the
most magnificent swinding transactions that the
world has yet ssen-bat this only ~ yet breathe
in confidential whispers to readers. Great fun in
Wall street to-day. The locofocos will split all the
breeches they have-and that Is not . great deal
laughing the United States Bank and all its chick
and young dscks. Strike up, in Wall street, the
song,
ys.sa Let us al be unhappy together
The devil viii be dancing round town today, from
ten o'clock till 0tArse, the air Of the Rogues
March"
FuHHx.-ene Of the penny papers has q curious
attack upon Noah Of the Star, charging him with be-
ing pcculator Of public mosey, besides many other
heinous sins. Here 10 . sampler
But how does happen that Noah Of the Star
70 tab. The lad n this es.:.ss .s.ia' the Prt Theatre and
kicked Of the old "Advoc.te" BY Ross that Mr.
Pre- 81 $1,000 .'s On Mr. Mr. Bedford ,.a Other.
paper The second day thsreasri VINO ii, when Conso-
dos Decatur. the public streets, called hin scoondrs
Tus b-ha ssd saved him from psrss.
And Why doe: M, proas... and snxr.,esl
him such sg.sl serviee' The IT, spprehend
b. sought IN U. utterly aprsrsd character o the who.e
from early life 20 The time, has
he .eeut Inc dirty work and further the hams-s pro,
snss % the tribs Of Judah with another IN Europe
psr,ades AZ political parties 10 this country There
the Custom House. another the Common Cosae
psrdioss pr.eiies The other you may ss .ar.
20 find Jew a The bottom Of the scheme They now
spirs regulate AL matters oftssss, and found
.,i,s,o.. and The truly sh.s.s scene sshis,sd tn.
resolves build Mstropsitss fhsssre sss00oo.
The stas replies TO this BY saying that "Priee is
the writer" fso, IL gives il . more authentic cha
racter and disposes to believe its statements.
Price and Noah were sworn brothers and boon
companions-whaf's the matter sow1 Noah replies
IN this evenings Star. Lay IL weil-don't spare
each other In point q character and morals there
- not pin to choose between them.
% Tar LADIES FArR closed a. the Apollo on
Tuesday evening, and q more beautiful display Of
me young wonen stately danes, splendid wares, and
happy faces, we have seldom seen. We visited the
rooms about eight o'clock that evening, and, be
Tore fifteen minutes had elapsed we lost 3I5 besides
aiarge qssstfty Of genuine sentiment from the cen.
trail region Of the heart, hut in return we received
handkerchiefs. smiles, and sweet looks worth . on
Atevery corner, from the post-eHice to the Iemor-
ade stand, bright eyes and smiling faces forth
as heaven had Al last been let loose and 90, ho,;
day. The dark eyes ana pretty looks 81 the oa.,.
mistress are sti before us. What lo.. En-, =.
did not visit st. James saints every evening dn,;,s
the fair had no idea there was so mach real love-
Illness there. Next Sunday IN 20 to worship Al tina,
shrine.