Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1839-07-24
The Comrasrcial State ef shis Country III
coming Crisis and its ReAaedy.

The news brought by the Great Western on Mon
av has created greater sensation in this city, and
will create a greater sensation all the coun-
try, than any thing that has occurred since the
late panic and the suspension Of specie payments
The is oft utmost Importance, both in COM
mercia and political point Of view and will be keen
ly felt all over the United States in the remotest
ramiicatons of social and unsocal life. The aspect
of coming events must be closely watched by all
classes Of society end now is the time for the
chant, the banker, the Of business and the man
Of the world to watch Wall street reports, read
them minutely and study them attentvely; for they
will contain the essence and substance of all that is
necessary to be known by the commercial world.
This country never was in the same position that
1t is NOW in with regard to commercial Matters and
it is to be sincerely hoped that it will be again
If it is not exactly in what is termed snarl it is in
the very centre Of vilish hard twisted knot. with
no weapon at hand sufficiently keen to way out
cleverly. During the last five six years glori
Ous and ever to-be beloved country has conferred
immune rable avors upon England We have furnished
them with enormous quantities Of cotton at high
prices; we have furnished them with enormous guam
titles of stocks good bad, and Indifferent at any and
every kind Of prices; we have furnished them with
of the most beautiful women upon the face ofGod
Almighty's beautiful earth, some of whom have null
tplied brought forth fruit to the honor and glory
Of Great Britain and their husbands; we have fur
nished them with defauters and rascals without
money, but not without price; we have furnished
them with steam engines for less price than their
own; we have sent them bigger bulls and cows, and
calves, faster horses taller larger vegetables,
blacker negroes, whittier women than they ever saw
hoped to see: we have sent them wealth and
beauty, both moral and physical, intellectual and
r.ol .b.so
pound of cotton, and vice versa. And notwith-
standing all these nestimable fayors and benefits
conferred by the citizens of this country upon
the bankers, merchants and manufacturers of Eng
land, it seems that they superlativey stu
pid as not to know their true friends. For, at the
instigaton Of the devil, the tories, the Char
fists, or the ladies Of the bedchamber 1--WE don't
rieusly think Victoria had any thing to do with IT'D
the spnners of Manchester and the bankers Of Lon.
don have determined to knock down the price OF cot
ton, knock all beautiful banking aud railroad sys-
TENS and speculatons the head, and send all our
stocks for the time being 10 the devil to settle all
differences. They have given credit Tor about
90 100000 Of stocks; they have bought all our cot
ton at high prices; they have sent US out silks and
satins, land sometimes without any pay for them,)
and now they have the superlativc, the insuferabc
impuaence 10 think that they can turn over
any more money. But by Him that lives and reigns
for ever this arrange must not be submitted
We have still great many stocks left hand,
that will become stale if they are not soon sold; we
have still great mapy beautiful women at the
fashionable resort with the bloom Of health their
iheeks, and beautiful teeth in their mouths, (some
natural, artiiciaD with lovely formed limbs,
md delightfully."- timber tongues variousy estimated
ma
the verge Of getting good husbands, and who by this
atrocious conduct Of the Bank Of England, and the
brutal Manchester Cotton Spnners will be deprived
of the happiness Of speedy marriages. and be reduced
from silk stockings and petticoats and satin frocks
TO cotton chemse ano legs an ptris naturaii5us
And shall this conduct, so atrocious, and iii
beral, be borne Decidedly not We have picked
their pockets, kissed their girls, drank their beer,
and their clothes for 20 years; and by Heaven,
we intend to do for 20 years more, il we can
And grateful they ought to be for the favor we
have conferred on then by condescendihg TO pick
their pockets. And most grateful, we feel certain,
they will be BY the time the whole OF these transac
tions brought to close.
But, in the time, what's TO be done 7 How
are we TO meet this matter Why, boldly and fear
lessly as well bred rogue gances at the gallows.-
We must oppose these proceedings Of the spinners
and bankers. We must toll not, neither must we
pin but we can create innumerable banks must
organize credit-ssue bills by the bsshelset all the
paper mills and paper staners in the country work
keep them at il night and day-and, above all, keep
the cotton til get every cent want for it, We
must on this most important point, pursue the same
financial and commercial in relation 10 cotton,
that Joseph did in Egypt in relation to corn. We
must erect the biggest kind Of stores all over the
country 70 keep it in unless we get our prices
must hold on--hcld on-hold on, as we would TO the
issues OF life and death-until the crack Of doom,
and the day Of judgment. No one who has any
sense can doubt that this is the true policy to be pur
sued Joseph was frst rate fnancier and regulator
az the affairs Of men, and Of women, too, sometimes.
lie held on TO corn, and Poiphars wife held - him
And the holdingon system Is the only true one after
all especially when pretty woman is in the case
She was ine woman, had beautiful figure, and was
sort of Venus de Medicis Of that day, and had no
objection TO let Joseph hold to her, as he had held
onto the corn previous occasion. His garment
was cottos, dyed in the wool Of many coors,) and
when she could get nothing else, she held ON to that
This proves her 20 have been true financier; and
her line q policy las been adopted by every wise
and beautiful woman and able fnancicr from the days
- H. H