Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1839-07-27
MORNING HERALD.
sATURDAV. JULY -. 1888.
OUR BxrRA-THE FsRRIGN NEws-Ths British

OUk BxrkA-IHE foRKIGN NEWs-l ne Diiss-
Quesa has now bees out frou Londsn II days; and
We therefore may and do expect her every hour ana
shall continue to xpec her hourly anti she arrives
A soon as possible after she reaches the Dock we
shall publish an Extra Herald" with fuller and
better account ofthe foreign news than any
other paper in the city, we uniformly do. The
news brought Ly her will be Of the highest import
ance in every point of view. By it we shall learn
whether the Bank of England has advanced the rate
Of interest to s per cent; whether there is to be
m issue Of small notes. to meet present exgences,
or . suspension, and general blow up. The fate Of
the Canada Bill may be learned also BY this arrival;
and probably the line Of policy to be adopted by the
British Government in relation to the Boundary and
Jamaica Questions; the use made Of the death Of
Lady Flora Hastings by the Tories; the condition Of
the cotton spinners the fashion of Victorias silk
pettiosat- all will be sought after with avidity by
halfa million of people, and we shall crafty them.
The Crisis-Another suspensien Of Specie
Payments Morals and Money.
From the developments made during the last three
four weeks, have every reason to believe that
another suspension of specie payments partially if
not generally. will be forced upon the banks by the
spectators, brokers, politicians, wings, locofocos,
and every other species Of rogue who at large
around the country not yet within the precincts Of
the state prison and penitsntiary.
About three weeks ago. mere, the leading or
gan Of the government at Washington, called the
sGlobe," which is conducted with great propriety
and virtue by the very talented Mrs Blair set itself
to prophesying like ISAIAH or Jeremiah, or Daniel
or one of The twelve prophets, and promised us,
that, in less than six weeks the banks throughout
the country couid suspend specie payments, and an
irredeemable age would again be forced upon u.s.
Nr. Van Buren,, his patriotic Republican Majesty,
very cordially endeavored to manufacture this pre-
diction into fact, by pronouncing a sub-treasury
speech in Castle Garden ano thus tried to increase
the panic among his lovely locofoco politicians, and
shake their confidence in the banks. This has been
followed up by run on the bank Of Oswego, by way
Of pattern example, to be initiated by all the faith
full Throughout: the country the ocofoco party have
aided those movements, by every kind Of rabid at
tack upon banks and bank currency. Mr. Benton,
Mr. Buchanan, all the leaders andlthinkers of the
"party" have joined in the same cry, and hoisted
the same standard.
This has been the conduct of the locofocOs-have
the wings behaved better? Not bit-not one bit.
Mr.. Clay and all his partisans, have joined issue
with the loceiosos-and swear, from morning to
night, that Mr.. Van Buren, to reduce the cur
rency to solid specie bass-that they want to break
all the banks-and discredit all convertible paper
money, The very position which both parties thus
in relation 10 banks and currency, only hasten
that event which they affect to deplore, bat which
the politicians absolutely want to realised-scs
nean suspsnsios Of specie payments.
That this the result which is contemplated by
the spectators and brokers Of both parties, receives
confirmation from the course and conduct of the
Wall street press and the Wall street spectators
For several days past the "Courer and Enquirer
that bankrupt agent Of every nefarious project has
been recommending export Of specie fer the pur-
pose Of setting the Bank OF England her legs and
the leading capitalists and brokers, well known to be
connected with, and regulating the Wing party,
have been draining the banks Of their specie, at first
csvertly and elandestinely, now openly and impu-
IDENTIFY. Already abont 100000 in specie have
been secretly exported 10 England and preparations
and arrangements are made to send by the Great
Western next Thursday about 81 Ooo, 900, and pro-
baby by the British Queen TO the extent Of s 00O,
90 more. How much is contemplated by those whs
have the power Of draining the banks, know not;
but should not be surprised to them emily stop
1t So, 900 600 before all their views completed.
These remarkable and astounding facts. In
order to make il available political capital during
the approaching election in this state, which will
decide the presidential election in $780, we see the
ties embarking in every trick and roguery in their
power to bring about a suspension Of specie pay
ments, and TO make the banks the shuttlececk Of
their vulgar and disreputabe brawls for Office and
emolument. The bullion brokers in Wall street, and
the spectators from Dan 20 Bersheba" in cotton,
corn, and currency, aid and assist this bouererse
nert, merely because one set expect to make per
ccnase BY the operation and the other 70 get out 81
q scrape by an issue Of irredeemable paper.
In this state Of things, call upon the honest,
economical, ready money men, Of moderate means
and sound principles, to unite against the damnable
vllaisy and speculation Of the present day-to com
bise their interests, opinions, and feesgs-to join
the honest and well conducted banks that will con-
tsue to pay their bills in species aid every
ment that viii lower prices and diminish roguery-
and 10 preserve those seeds OF virtue and morality
that will keep the eoansry from being plunged into
asecssd disgraceful suspension. Let some pablo
meeting be ealled-and let the speculators-the
trading politicass-and all rosuery be denounced
forever and forever.
SroUT's STArUr.-We have spoken Of the unfor-
tusste accident that befel this beautiful work Of
We ought TO raise a subsc Upton to enable
Stout 10 procure materials TO make another statue,
which will doubtless, f possible. be superior to the
one destroyed. There 10 a great fuss made in the
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