Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1840-03-12
100 TEN SHARES.
w BANGOR MILL AND MANU-

Treasr. '-- Z
Endorsed by Mr.. Woodman-

This il will be perceived from Its tenor, the offspring
one of the bubbles os7 One Of the clique succeeded find
ing person who loaned him s2s pledge often Of these
tfcaes nominal value Of 900 The lender Of course
bit egregousy We into these details in srder TO
press upon our readers the woressnss Of the bubble
banks post Their and character
will be found in bank note list.
Our adyices from Harrisburg inform that o.. rssumpton
BILL amended by the Senate lost W the House. The
stood "a "a being question Of tic vote
defeated the amendments.
The state Of the bill this the House passed and
u to the Senate The Senate II back with
which the House reject II gses back the Senate IL 1t
recede Mr. Pennimans bill IL fret passed the House, will
only the Governors signature to become law. II the
Senate insist committees of conference Will be appointed BY
each house whose province will be- to reconcile the differ
the house. II they fail to do this the bill 10
lost.
The probability nothing will be done; the ead-g loco
foeos bound up With the banks that the institutions
the masters and check be their proceedings
The currency ofhc country has fallen into deporabc
condition The leading banks in the hands Of spectators
who struggling for their interests although they
ride rough shod over the people The resumption bill in Penn
syvana and the subeasury b, at Washington, have been
looked forward to 10 the hope that they may effect .quaza
ton Of the The former has been lost and the latter
h plainly dead happcars by the acts Of the dominant
party that they meant that the subessury plan in its
FORM should into operation has been used
y elGioneerng engine in opposition the banks end
that the latter nearly destroyed by their s and
the Government have anopporuny Of adopting their
which u involves Nothing
therefore will be done.
The only have 10 look forward the
Of the abuses Of the currency the operation the
proposed bankrupt law upon the nsoVent banks From the
popularity which this law has thus Ear gained and the fact
that both parties pledged to it, there probability
that may pass did the distribution law. But the great
change the state Of things vhcht involves but be
matter Of apprehension, and fraught with such
Importance should receive the maucst consideration Under
its OPERATION proposed IL will be in vain to attempt any
distinction between nsoven banks and nsovsn individuals
As point the manifesto the Philadelphia papers, and
which has been ascrbed MIR Bdde although very weak
and laundering document and II really from MIR Bddes pen
stupid contains facts Of which H. that there s
due from the banks Phadepa 10 the ezess Of " York
and Boston 81 which they but propose
bonds next year NJ the time they propose pay
their foreign creditors in full BY the operation Of tn law
those citizens TO whom the money due being able pay
their debts must deliver all and make uniform dv
dend among their creditors, while the institutions who
them would be beyond the reach Of the law aud would use
their money pay debts in Europe The banks of Phae
pha plead that they cannot collect from the South and South
vst The individuals who them those debts would avail
them selves Of the law and the assets Of the banks coneuu ny
be swept away The people Of the South and Southwestern
tions the banks expressed by loans,
Deduct circulation and depositesr ........ 100000
Leaves balance due BY the people Of s77oOoOOo