Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1839-10-15
The Ceisis. wiz the New York Ranks
stand itS 4.M4sMa

The Crisis. -Wiu the New York Ranks n
x stand ite tsHe
New York was in q more honorable posi-
ton, or engaged in a more holy, though arduous,
struggle than she is AT present The dsgraceful and
fraudulent suspension Of the Philadelphia banks. st
muated by the United States Bank has been initiated
BY the Banks Of Wilmington, Baltimore. Washing
ton. Norfolk and Richmond. Whether the same
loose principles Of morality hang round the Charles
ton, and thence further south, time alone will tell
Providence, at the last accounts, celebrating
whether they would act like rosaes or not
In the mean time and in the midst of this geogra-
phical circle of fraud and insolvency. what is to be
done in New York? How will the New Workers act!
Will they be able to maintain themselves! What is
to be the result of the present struggle?
1t cannot be denied that strong effort is making
to produce suspensioa by dark conspiracy ofmen
in Wall street, whose principles akin to those
of Dyott, weaving cotton web for his crimes in
the pententiary in Pennsylvania. At the board of
brokers yesterday, persons, with breeches on their
bottoms, but little in their pockets, made bets large
sums that in less than ten days majority Of the
banks of Wall street would suspend. No doubt
there many speculators, covered with old engage
ments and reckless undertakings, who endeavor to
produce agitaton, excitement, and ultimate suspen
sion. The United States Bank, and its corrupt and
unpr ncipled associates, will strain every nerve to
produce suspension At the close oflsst week, its
President had the audacty to set his foot in this hon
orabe city, and to pull few of his rusty wires, cal
culated to create an excitement.
But the efforts Of spectators and rogues not
alone the danger to which our banks are liable. We
verify believe, from the movements taking place
around us--from the sentiments breathed in whis-
pers, that party politics will be brought to bear
ON this question: and fear that large faction of
the WING party secretly endeavoring to unite
with the spectators, aud to produce a suspension Of
the banks dates Cooke, the Comptroller of the
State, Goabt under the advisement Of Mr.. Rug
gles and the clique Of the Bank Of Commerce who
the State government has given orders to the canal
collectors to refuse and discredit the bills Of the
State Security Banks, in payments made for canal
tolls Such measure as this, taken in q season of
excitement, can oRly spring from dark and trea-
cherous desire to fan the fame Of excitement, and
to bring our banks to hasty and disgraceful
pension.
On the other hand, Mr.. Van Buren, is Fastening
with his characteristic dexterity to avail himself Of
the present position Of affairs, and tn rake somer-
set back to the ground which he occupied when he
endorsed the Safety Fund System. On Thursday
morning he arrived in this city, and took lodgings ~
the Globe Hotel; Saturday he left for the south
from the best authority that he asserssd positively
his determination 70 sustain the banks a New York
in the maintenance Of specie Payments, by all the
aid and power Of the general government. He went
30 far a TO 20 several Of the banks and 10 tender
them this aid. In pursuance Of this sudden change
Of position the anti bank editors of his organ here
have been already ousted from their posts, by the
advice of the Postmaster and Collector; and the
whole democratic party, with the exception Of the
buttenders win be in full cry in favor Of the banks
before fortnight 10 over.
These are some Of the singular effects already
produced on political parties by the suspension
Of the Philadelphia banks, and the maintain
ance Of cash payments by the banks Of New YORK.
However much Nr Van Buren, may be despised Tor
his charIetan.sm, the friends 6f sound currency-
the real conservatives Of honor In trade and integr
ty in commerce, will never refuse his assistance,
whatever sei6shness may govern his motives. There
IL probability even that he may abandon his sub
treasury notions, and uaits with the sound banking
interests Of the nation favor 81 plan that may
secure us against bank suspensions in futsre Time,
however, viii develope what further changes may
take place in parties, opinions, and men.
We again call the aid Of the honest and intelligent
portion Of the community 20 unity Of support to-
vards the banks. II New York maintain her
position she will reap ad vantages seyosd our most
sangaine expectations. What spectacle to Europe
and TO the commercial world IL we can hold OUT
II will make New York the leading commercial city
Of this country and Of the world. Her are
ample and efficient The power Of the irredeemable
and fraudulent banks will decrease every day--and
that OF the sound banks increase. Such result is
inevitable. Nsthing can prevent it. Let us there
fore be Of good cheer. Every thing lookSwell-and
alarm dread conscience already beginning to pale
the faces Of the corrupt institutions Of Philadsphia
and elsewhere.
SWEET MoB.-This article Of luxury, like many
others, We have imported from Europe. They wea'
6ne clothes, cultivate sp ndd mustache and CROP
al hair that would have delighted the eyes Of Samp
son after his faur pas with Dahlia; mount glitter
ing chains and other gew gaws, and strut abou
nthey were many Sir PrccIes, at whose lightes
word all the native puppies were to be awed
Into silence. They 10 be seen the stoop
Of the hotels, az the theatres, or any other public
resort where the thcaghiless do congregate. On
day last week, pair OF these oheraiiers dindusfri
walked into the great hall al the Aston House, an,
eyed each other fora time like q pair of fierce mas
tiTs over bone. After a little lowering the storm
broke and words ran hot and high Presently the,
showed signs az fghting-then canes were fou
rished, and one almost drew sword out. This wa
rare fus to the lawyers in the corridors and the,
got together like . swarm of bees. After a tim
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