Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1839-11-18

capable of giving iuii, impartiai Account VI He
donxs of both parties according to the spirit and IN
keeping with the tone Of the Herald. They will be
veil Maid and mast work hard, find out secrets. and
rive accurate descriptions Of every thing. Appl-
cants by letter. stating and qualifications will
be attended, n. B. Our old correspondent at
Washington, " Horace may resume his letters
twice week, If he abandons the subject Of politics
If not, not Also, several spies in fashionable So
ciety Of New York, capable Of finding ont and Civ
ing all Their secret movements, can be employed.
Old roues preferred They will be well paid.
Tai OF THE Ars,cASs-The United States Court
opens tomorrow at Hartford and the Africans will be
tried at last. We have reporter the ground,
and shall have .eport of the proceedings they
move.
Ranking amd Finance i'm Pcmns, lynnia.
The state Of Pennsylvania is the Of one Of
the most extraordinary revolutions that ever took
place in any state Of the confederacy. The whole
frame Of socety-socal, polite Al, judicial and fnan
cia!--wll be exploded in less than year. and most
probably tumble for a time into utter ruins. an the
years 1916, IL, Is and 49, Kentucky was brought to
the verge Of social dissolution by similar derange
in her monetary system; but the evils which alict
Penn sylvania are DEEPER wider, more intense than
any similar that have been developed in
this country. In Kentucky the whole frame Of
ciety was shaken TO its centre-in Pennsyly we
can make prediction Of the result, dee p-rooed
is the disease.
Let as be understood. The state Of Pennsylvania
has debt Of S32 600 900. The interest this debt
is 50 O0e 900 per annum, and her to pay it is
only $1,000 The surplus revenue ofthe whole chain
Of public works, after paying repairs and expenses,
including every other species of revenue will not
yield over 100000. OF course every year she gets
and do into debit Rutth NOT a
The U. S. Bank and many other of her banking inst
tutions are in the rotten conditionmaking pro
badly state and bank debt Of 800 100000 One half
of this enormous debt is due to tockholders in
Europe and the rest 10 stockholders in this country
Their available assets have nearly nominal valnes,
while the arising therefrom, is not equal to
fourth part Of The yearly interest and dividends.
In this state Of things, what will the Legislature
of Pennsylvania do at their next session? The banks
can raise no funds by issuing post noes-nor the
state loans by issuing stocks. Their currency is in
frighlu state of disorder and daily getting worse
Nobody in Europe or America will buy either kind
OF tAeir securities. The state is as bankrupt and
rotten as her banks and both will have fearful ordeal
to go through the next Legislature II the corrupt
and rotten politicians Of either both parties, attempt
70 prop up their fortunes by direct taxes BY passing
stop laws or by sustaining the swindling banks,
both the old parties, banks and politicians, viii be
swept from existence BY the agricultural interest
nike reeds before the wind. Perhaps the whole
debt may be repudated and the state declared bank
!. xn,k and will thus DEFY its creditors %
placed The state must pay regularly the animal in
terest the debt by direct taxaton be declared
utterly bankrupt. There is other alternative
This most disgraceful state cf things has been
brought on them by the politicians and the fnancers
Of both rsrties-and more unprincipled dsmora-
raised and corrupt set Of politicians than those Of
both parties in that state do exist in the world
We speak from personal and intimate knowledge.
They are the greatest scoundrcls yet crawling I'M
hung between heaven and earth. The great mid
ding interest the Of beth parties throughout
Philadelphia and Pennsy lvania, are extremely indus
trious honest, and religious-but their leading nan
ciers and politicians have neither religion morality,
honesty, integrity nor truth. During the last ten
years this depravity has hcurished, and made large
private fortunes out Of the state debt of $50 000
and hank debt Of $50 900. Their leaders politics
and finance are rich, wallowing in wealth, but the
state is bankrupt and rotten, with the currency in
most miserable condition.
In this view Of the have not the slightest
doubt but the corrupt portions Of both these parties
will unite together and endeavor to screen their
fnanciers and politicians from all blame The
Of the Philadelphia press, entirely under the control
or these corrapt leaderss daily endeavoring to hide
the real issue from the people, by attempting to get
mp quarrel with New York, or by raising story Of
conspiracy the part Of Newly London and Paris,
against the institutions Of Penns 4nia This only
Of those miserable tricks which the banks and po
litica swindlers ofPennsy have
to Tor the purposes Of cheating thsrown people New
York is healthy and sound in all her state and bank
ing affairs, and Is more interested in having Pennsyl
vania so, than to have her otherwise. II Is true il
the cisqses of Wall street, stock jobbers, auction
GERS, SC, the Kings, Primes, Homes, Wards,
Haggeriys, &C. are 20 regulate hereafter the fsan-
eial movements Of New York, abe would soon be in
the condition OF Penns,iva bat we have better
hopes of the future. Happily too for New York,
there exists here Free independent and intelligent
press to raise the aarma thing sct known in PhiIa
delpha, in any part Of Pennsy lvana. In Phiadel
phia the press is manacIed, and their editors
miserable serfs, those in Russia Not anewspaper
II either party dare utter the truth Tor fear Of their
bankers and politicians-and both these classes Of
men rotten and demon allied that they combine
10 shacke the press 60 deceive the people, and only
make show Of fight when they want 10 get their
hands into the public chest.
he state If IN sylv