State rights and democratic union. (Yazoo City, Miss.) 1839-18??, 1839-11-27

- The feeling IL New YORK dgd'hs.
AR. Biddle and his associates, IS deep anu
general: nervading, in fact, the whole com
nunity. witheut party distinctions, Ihey
leok mon the Bank Of the United States as
q reckless and unprncipled concern when,
for the sake or adyancing the fortunes OF q
few specuators, has agitated and derangea
the whole business affairs Of the country, ana
finally brought itself to the verge OF bank
rnntcv. In the same manner it is viewed IN
Eur me. as YOU will see by the advice brought
nv the Liverpool. The recent movements Of
the Bank Of the United States are denounced
by the New Workers and Bcstonians as irau'
ldulent and emitting lie direction to the PEN
allies Of swindling; and | will venture 10
saw. that if the marble Bank was IN Wall
street instead Of Chestnut street, it would not,
Though fire. proof and bomb proof, pc proof
AGAINST the vengeaI &c Of an insulted and de-
frauded community. 1t IS now apparent that
the whole system o. post notes was got up
with the double view of sustaining the bank
Of the United States and cripLing the New
yerk and Boston banks so as to bring them
il into the measure of suspension, at discount
! ef from O. to 80 per cent. The United States
| Bank has been selling its post notes IN New
/ York and Boston, and drawing the proceeds
in specie. Of course they never intended
to paw these notes when due. The suspen.
sion. It now appears, was concerted with the
Grard Bank three months ago, and hence
every effort has been since made to place
ether banks in a situation that would compel
them 10 like course; for if they alone sus-
nended thew would certainly lose their char.
tiers. Another con,pl int Of the New York.
ers Is. that the Bank Of the United States,
in spirit Of begga,dly meanncc SIS which dis.
graces robbery. concHSs ed their intention 10
suspend from tie New Ysrk banks and meE-
chants for twenty. -four hours after they had
instructed their New York agency TO stop
nsyment Of tho post nOtes-availing them
selves, to the last minute of every chance
to get off their bills for New York bills or
specie. Yet NOW what saw these directors
OF the sGreai Regulator" Why-that ''thev
will force the New York Banks to suspend!'
This declaration the Philadelphia directors
have had the traDndence to make, though
standing "a they do, bofore the public, con-
victed of fraud and deception, in regard to
their course towrds the New York banks.
The Girard Bank which ia intimately con-
Injected with the Bank of the United States,
Ihad it's shinlasters lone dollar notes,) engrav-
led and signed some weeks ago, ready for Is
Isunc after the suspension, but the procla
lmation Of Gov. Porter has prevented it from
issuing them. The preparation. however, is
a proof that the measure of suspension was
llong ago resolved upon as unavoidable, both
nv the Girard md its associate the ''Grea:
"a 4 ~. hn
United States Bank expected its death blow
by the Liverpool, and that ii intended to a
vail itself of the news by that packet news
lof the protest of its unauthorized drafts-as
IAN excuse for suspension. This arrangement
was broken up by the delay of the Liver.
Ipool, in cosequence Of westerly winds. The
bank waited till the time when the packet
was due, but, could wait no lOnger-the home
demands upon it, greatly exceed its means.
Its credit is now blasted at home and abroad;
and what il worse, every packet from Europe
will bring back it's bills bills sold to New
York merchants with the fraudulent inten.
Ition Of drawing specie for them and of offeI-
ling them to be returned dishonored. Yet,
lin the face Of all these proceedings, the U.
States Bank has the hardihood to declare
that it twill force the New York banks to
suspend" But It's .menaces are impotsnt
It has dragged down the banks of Philadel
j hia and Baltimore, and will put TO strong
test every unsound bank in the country; but
| it cannet ssforce the New York banks to sus.
pend" 1t is the opinion of Judicious men
that the New York and Boston banks will
| be able to sustain themselves, notwithstand.
ing all the lobheres committed on them and
their customers BY the "monster."
s'On Friday, the 18th October, the Uni.
ted States Bank stock sold az 73 in New
York, but that it will fall much lower there
is no doubt. If he Legislature Of Penn
sylvania are true to their duty and their pro-
LESSONS, they will repeal its charter; and,
upon winding up its concerns, its stock will
be found worth little or nothing. and fear
it will be a long time before its liabllaties
are paid.
Yours.
FRoM THE MIssIssIPPIAN.