Morning herald., 1839-10-26

6oclock this morning-price 6t cents, at the Once,
81 Ann street
Cri.is Of thc Basling syssem-S Return 40 ~
Metallic Currency-socicsy en she Eve Of
Disoryaniy ation- Past and Coming Meet
inxs in the City Hoscl-ProbabIc suspen-
sion Of shc whole safety Funa Banks -Esx-
pecsed susPension Of the y Jsbbrrs, Auction
GERS, Drum nacr~ aud ASST xnaiion Houses
Deep excitement a.A deeper horns Of brandy
and water.
Society is on the verge of disorganizaton. Licen-
tiousnesss in its last throes. The banking system is
In the midst Of radical revolution. The assgnation
houses are thrs atening to suspend paymsnts We
are all rapidly approaching metallic currency. The
unwise, ignorant and fraudulent conduct Of the Phil
adelpha banks. is beginning to find advocates and
imitators in New York. Two large meetings have
been held the City Hotel to stir up the elements
of tornado in the monetary affairs Of the country
and another and more desperate effort will be made
tonight to bring down the banks-make them
pend specie payments, or become insolvents them
selvcsn pure spite Every tie Of honesty every Iiga-
ment Of virtue and honor, has been banished from
civilized society BY the banking system Specie and
virtue to be repudiated together worthless
and foolish large portion of the fashionable mer-
camille society Of New York are determined not to
break up their fine establishments-their gaudy
banks suspend specie payments and pay their debts
for them, they are resolved to become bankrupt IN
self defence, and court insolvency dandy would
court a mistress.
What a strange, complicated, confused, mixed,
entangled state Of things exists this moment! The
joint mismanagenent Of the general government and
the banks brought ON the crisis and revusion of
1887. From that shipwreck, the New York banks
recovered themselves fast possible by pursuing
sound policy-but the United States Bank, and her
fraudulent associates, went from bad to worse
expended and expanded" eat, were and drank
than What is the conse equencel The
United States Bank has suspended, broken, gone to
the devil-and is now anxious that the New York
banks should do the same thng-break, suspend and
20 to the devil also. To accomplish this disgrace
full suspension, the emmssares OF fraud and ia
solveacy are to New York, TO stir up excite
ment among the insovents, or those who expect and
ought to be inselvents.
But this is not all. 1t was not sufficient that Mr..
Van Buren and his party should derange as much as
they could, the currency Of the country-but Mr.
Seward and his party in New York. have, in nearly
one year and half brought the whole chain of banks
from Albany to Rufalo, to the brink Of insclvencx
and suspension Of specis SWshestsr s-sSSVsots
party, with its specie cireuars-its land systems
its general policy ruined the banks large scale in
lSS7 and the whig party Of New York, with its gen.
eral bank lawits vast canal expendtures-its spec
ulative bolstering system in produce, have now
brought the Safety Fana Banks, and all the western
banks, within the verge efa general crash The next
mails from the west, will probably bring the ac-
counts Of the failure Of all the banks from Albany to
Buffalo.
The miserable politcians-the miserable fnan-
ciers-the miserable speculstors-the miserable pre-
tenders to rank and fashion, Of both parties
have destroyed the banking system-disorganize
the country-and laid a train Of evils that are now
the Of final explosion The great, honest
mass Of the people disgasted with both parties
A suspension Of the Safety Fund Banks win cause
N entire revolution in this state. In ten days
new election will be held throughout the state, and
there is every that the whole state will
90 en- masss for legislature pledged 10 nboiish the
banking system, and to return 10 mstaiic curren-
rency Legislatures established banks to furnish
ciety with q sound currency-not TO facilitate the
extravagance or pay the debts Of bankrupt mer-
chants thoughtess spectators or extravagan over
traders in lace, lawn, love and licentiousness.
The meeting at the City Hotel tonight will set
tie several points. There are 100 jobbers and
auctionsers in New York who short, and un
,ess the banks lend them money to pay their dett,
they will stop payment The banks will not lend
them, because they don't think II safe On Monday
and Tuesday next, therefore, about 90 or 20 mer-
chants will stop payment in a body-break to pieces
hike old crockcry- and on Wednesday or Thursday,
We expect to hear that the Safety Fund Banks. out
90 Baffalo, have suspended specie payments Bro
kers have started with lots Of their bills to drain
them of specie. So well get into smooth water
after the rapids are cleared Of the wrecks.
These are lamentabe, happy, heIlsh, pleasing ter
rible, delightfui CHASTITY, agreeable events weare
In the midst of the total wreck of the present bank
ing and commercial systems. Oar prospects are, ON
one hand metallic currency cf $50 900 900 10 meas
urs all values, or National Bank, with s centre IN
New York, and circumference around the shores
o the Atlantic and the Mississippi, to furnish a safe
general currency, sound specie basis. There is
ne other alternative. We say, therefore, TO the fash
,easblc mercantile bankrupts Of New York, as our
Lord said to Judas Iscariot the ancestor Of Major
Noah, what thou dost, do quickly" Break-for
Gods sake, break At once-break tcday-dent
wait TIL Monday-break now, one and ALL and IL you
cant break the banks break all the brandy glasses Of
the City Hotel tonight and let at come to a
metallic currency, or national bank as fast A.
possible. Break, hankrupts- pts-bankrupts break-snd
as the man in the play says, so say we" Who
the hell caresp'
1;- The United States hank in New York il the