Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1839-09-06

Then loud be ysM hurrahs. my boys,
And let the Whggi.s pine,
By God, well rally round our sen,
For Aud Lang syne-
Chorus, &c
To this song the locefocos responded with yells of
joy and delight, such only be paraleled when
the devils hold high carnival in hell. Among them
there was perfect bewiderment of fun, joy, wit,
vagery, poetry, blackguardism, philosophy, religion,
infdety, vice, RIGHTEOUSNESS, loafersm, and every
thing good bad earth under the earth, in the
great Deep in the lower deep. With the aid Of the
devil and all his spirits of darkness they swore-"by
the Eternal Wen carry New York"-well have the
. revolution, if we die for it."
Many causes might he assigned for this expected
revolution. The conduct Of the Wall street press,
and the Wall street cques Of spectators caused the
defeat Of the wings last spring There is change
IN the policy Of that quarter-and in fall in spring,
the will likely produce the results.
Wall and its politicians impudent arro-
giant, overbearing, and unprincipled they
were.
Another reason is the conduct Of the friends Of Mr.
Clay, and the bad effects Of his foolish progress
through the state From Buffalo to New York, Mr..
Clay spoke the whole distance in style and manner
never known here before. Ii undignifed, vul,
gar, loafer-ke, and did his cause more harm than
good. Yet at the close Of this ridiculous progress,
in which he tried whether he could make himself
more ridiculous than Mr.. Van Buren,, his partzans
insist, per as au nsfas, in running him against Mr..
Van Buren,, nstead Of taking up General Scott, whose
name would create greater enthusiasm than any
man that has yet been in the field. This disgusts
many eminent men, who would unite with the wings
against Mr.. Van Buren,.
Another very powerful reason which will operate
against the wings, is the conduct and policy Of the
banks.
Since the revulson OF 1897 these institutions have
gradually edged into locofeco doctrines, and loco
foco practices. Throughout the union they have re-
duced the currency full fifty millions in two years,
and still reducing it. The runs for specie,
formerly made by the public, confined
among the tanks themselves. The public place
every confidence in the bank currency, and seldom
tease bank for specie-but the banks each other
as the veriest osofocos did in the panic of 1887.
The Philadelphia banks New York for specie
New York, NEUTRALITY-SUSPICIOUS., New York-Ba-
timore, Cincinnati-Cincnnati, Louisville, sc.
BY this conduct Of the banks towards each other and
their otherwise bad manage they create pres
ssre In the money market, and every in trade is
90 driven, in meeting his payments, that he cannot
spare a moment 10 politics. The banks seem TO
have joined the government in every effort to reduce
the circulating medium-and thereby reducing va
lues throughout the country. At this moment many
Of the banks loan the government large sums trea-
sury notes, while the interests are left
far 10 shift for themselves.
In the next election this position Of the banks in
close alliance with the policy Of the government,
will have prodigieus effect on the result-partcu.
larry in this state Whether the banks are aware Of
II know not, but their policy for the last year has
been decidedly in favor Of the government views
and SO far tending to give strength and success to
what j. called the sub-treasury scheme.
Here is one fthe leading causes Of the perfect in
difference felt q this moment among the whole trad
ng interests ID New York. to the issue Of the next
election Now, conmercial men generally belong to
the wing party, and their apathy viii most affect its
success. The loecfocos have few notes 70 provide
for few bank loans 60 beseech, few payments 70
make They have litte TO do but 70 werk and cheat
get their mcsey o. saturday-frcquent the small
every night and all day Sunday
blow M the bsuks--snd make votes for the ncxt
election merchart who IL harrassed from day "a
day to raise money % meet the pressure caused BY
the policy q the banks fuds IL softer and more com.
Portable to sink into gentle sIumber on his wife's
white bossos, than 70 80 10 Broadway House, or the
ward meetings, and bawl about the sub.treasury.
Such, therefore, is the position Of the public mind
at this moment-the perfect apathy among the
wings, and the complete activity among the ocofo.
II 1897. the policy 81 the banks rcyononized
this state and gave i 70 the wings; il 1870 there i
ever 70 believe that the policy ~ The same
banks VIII cause counter revelation and give il.
" stock aid nuke tcvgn Buren, After this. do M,
say that banks havo.no influence They have much
influence heysre the govern nent q The country
and no mistsse.