Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1839-06-28

COR u Z > r ON ID EN- & Il.
Oh 10.
Ohio.
CLEVELAND, June 10th, 1899

CLEVELAND, June 10th, 1899.
Banks-Specuiators-IV heaf-P iefy, Sc
JAMES GORDON BENNETT, ESQ:
DEAR SIR-Our citizens were taken by surprise
few evenings since, upon taking up the Daily He
raid and Gazette OF this city, (Which, by the
way, OF the ablest papers OF the western coun-
try, Charles Hanmond's not excepted and finding
that the editor OF that paper not having the fear Of the
Wall street press before his eyes, bat being instgat
ed by the love of truth, and sincere desire to give
his patrons correct information obliged to pub
lish your editorial remarks upon the arrangements
made by the Cncinna banks, to the course they
were pursuing towards the other banks Of this
50 T..
Singular as il NAV seem to you for an editor in this
city publish any thing from your paper, yet such is
the fact The people here wondered at the mprudence
Of MIR. Harris and many OF them ready TO
swear he had been bit by mad dog Some the Wall
street pensioners took alarm and waited upon his ho
nor the editor and wished him to has eXtraor
binary conducts but this he modestly declined merely
saying in his sly and quiet way, The thought Mr.
Bennett quite right ana for the future he should be
more independent in the management OF his paper"
One Of the Dwight then remarked to HIM che
thought il very singular that he Mr.. H. should have
TO go all the way round by New York to find out
what the banks were dong IN Cincinnati, IN this
State :" but friend Harris said nothing.
few days afterwards, the other daily in this city
suspended, for few weeks, to make arrangements
for publishing weekly, so as TO enlghten the com
munty in this region Of the goodness OF the banks,
and the purity Of the Wall street prints.
The more eGectually to gull the people, it profess
commercial paper, but il is understood, IT is 70
advocate the interest Of the present rotten and cor
rup banks, since the Herald and Gazette has thrown
OF the collar. This wonder had scarcely ceased,
when a broker from Cincinnati called on Mr.. Dwight
On this city for the rhno, to the tune OF ten
thousand more, IN the shape Of promises to pay on
demand, &c. which matter was taken under serious
and devout GRAFTON, by those concerned, who
concluded after mature deliberson, to fork the
stuff after having first rendered sufficient quantum
Of similar promises 10 pay, &c. the part OF the
Cincinnati shops but IL no CO. as the broker de-
clared. upon his sacred honor, Use Yorkshire"
Accordingly a messenger was forthwith despatched
10 Cincinnati 10 make similar draft for the rhlno
IN return; so you may consider that the old maxim
sfwhen rogucs fall out, honest men VIII get their
dues" VIII be somewhat apropos to us IN OHIO.
While these sachems IN the brokering business,
according to law, (Passed IN Ohio IN lslo, but thank
God expires in lStJ,) wondering what the end
If this matter would be- your paper OF the 18th inst.
came 90 hand, when you so completely rsut the
whole all street press IN regard to the course they
have pursued towards the cotton and other interests
Of the South. While their favorites were specula
ting in and monoposing the bread stus Of the coun-
try, through the aid of the banks, il was all right
but when a bank had any thing 10 DO with cotton,
why then forsooth Il all wrong Wonder why
those sentincls OF the dear people do not ask why 4
~ that ach 81 the flour that - shipped from this
place 10 New York Is sold on account OF the banks
herel Yet such is the fact and think II looks
leete like banks specializing in the produce OF the
country; IL cotton Is produce, so Is wheat and Hour
but a. YOU saw this dealing Of the banks ~ the pro-
duce Of the country il decidedly wrong and the
people are con ICED of IL at last
But 10 return 10 my subject-while the community
was devourlng as II were, your remarks upon the
Cotton business iniquity and inconsistency OF the
Wall street press in regard to the natter those VINO
get your paper read the trhoie Of -when 10 Reli-
gIon, banks, wheat spectators, and morals m ONO
met their eyes. Some thought they had found a
mares nest; others cried out, 'wondcr who would
read that rascaly Benefits paper The ought 10 be
horse whipped for what he said about the parson,"
says one /; he ought TO be prosecuted for what he
has said about the banks, says anothern-'he ought
10 be id" (but ~ ma,ter,) says -four specu-
Iaor who had lost that day about one thousand dol
lars on flour.
soon after il became noised about that certain d.
Tectors or managers, seemed to be little hdgetty-
that H. little blious-and such was the effe ~ that
they all happened 10 meet accidentally in the sane
fum of the chief temple. The Ariel Of the citv was
forthwith despatched q take peep Al their debe-
rations In reasonable time he reported that there
was nothing said about suspending specie payments
Though Il was confessed that the flour prospects
were bad, and that they had good deal q wheat
paper protested;) but whether the thing was libel
lou. or not they could not agree. IL was agreed
all hands that the present wheat crops ~ the south
part ~ this state IN Michigan and ~ Indiana, would
Ne much less than predicted One kind hearted gen.
femau said he had seen man from Michigan, and