Morning herald., 1839-10-25

REsoLvss -Ths< ~ - sonasats - rs-sepsiGas1.
csyI as':i =: :: .s;:1 :: 's: ::;s's:, ~
4 The Chs nan tA>~ sov.d n |. h.,h -
extssd shsIs disco. with IN ssSsssly<s
and withost breakiag or ssspes1lhg. E &h---M
Mr. Lloyd said, /" stop, stop;' don't pat that mo
tion; let Us wait and hear what the banks say they
Mr.. Smith said, that we shall soon hear Of a sns-
pension OF specie payments BY. most Of the safety
fund banks and their notes would then be 1T ten per
cent discount they had sent specie 10 this city;
before u arrived their netes rejectedS these
wnuid so back to thair counters in large nnmbers,
and they would suspend. Therefore some temporary
arrangement should be made INSTANTLY by our banks
Here there wss more commoion. No one
seemed 10 iiketo speak; At last Mr.. Stone said tha
the new red. back banks had employed asen,sto bay
up all the safety fund notes present them and demand
specie or drafts on New York. Therefore the safety
innd banks had curtailed their circulation two m
lions and that was why no more western produce or
merchants came to market
Mr. DisOswsy said, man was eloquent when he
tod the trnth. He wanted not woras but hgures;
ne wanted the banks TO say D, 2, IO or per cent
increase Of discounts. II they couldn't get much
they must take little. Ii good fellow with good
means goes to the banks for discounts, tsey
hace got to do it, Banks and merchants
man and wife. There cutting
adriit for either; they must swim or 90 to the dev
together The destiny of many would be fixed be-
fore next week; many head would ache then
Merchants would never pay but seven per cent for
ed all the money. The merchants like the thief
on the galows with rope round his neck. and they
did mt like suspense. "Hang quick; let us know
fate. The torch is ready, the wood is here, and
| we make blaze. w know what to dop'
Mr.. DENNY.-l am glad the bank agents are pre-
sent to hear all this. Hold to your money-dont
discount for and you mu st hold on to our notes
and bills, for we shall never pay you. I'VE break
You break; If we wall you wall The patient Is sick
you've got the salvo; you can relieve him; will you
be quick or he's dead. He can't live till next week.
There is an immense amount Of money to be paid in
two weeks, and if you don't give money 10 pay -
we must break, and not pay you what we already
owe you All in the meeting who think as do, say
"Aye.' (Some twenty cried Aye" and two cried
No.'o There, gentlemen presidents, and cashiers,
You are the public feeling Take warning in time
Let 1t be known in the streets, OF Wall street; IN
her marble and granite palaces that the keepers OF
those palaces may come up and help or SIT there
and tremble.
TAppAN Our house don't owe twenty per cent Of
what il once owed (Great iaughtcr).
JAMES b. CLARE said. l am prophet, but il the
banks don't relieve us, seven out Of every ten mer-
chants will break in the xt twenty days; we must
have relief ten, aye in five days all burst up;
not, am content they should write me down as an
ass.
Mr.. DESSY.-The banks say they are sincere and
will relieve as nuch as they They afraid il
they extend they must suspend specie payments
Ne don scanf them 6y any means, to suspend pay
ing specie! But If by trying contraction once, they
find that does not sustain them; and then contract
still further, they will find that will fail to
tain them They will break the merchants, and in
doing, will break themselves; for in falling like
Samson the strong man, shall pull the whole house
about our Those who think ! do, will say
"aye'
About fifteen said ave." and three said "no.'
A strange voice said, !" move we adjourn" and
the meeting broke up in the funniest manner posi-
BILE; every one laughing at the ludicrous result of
the mountain in laber.