Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1840-02-14


day will contain all the dro!l Developments
w all street. Don't forget.
Still Further Developments i'm Vail street,
The High Bank Commissioner Still ENpio
ring--His Tail--Finance and Rehsion--Ho
bert White CanoniZed.
His Sublime Highness, the High Bank Commis
soner with his forked tail sticking out behind an.
flashing blue light around, like fambeau, Is Sun
continuing his interesting explorations IN all street
His object in calling at the Bank OF ameri''' was
merely complmentary-not ''iair business u""'
action" He is still busy with the Manhattan Bank
Wall street is now like the sea after storm
heaving and rolling-but no great wind. The stock
has risen 70 mar and people are beginning TO look
back on the rayages and movements oil the hurri
cane.
II seems that Joseph ID. Carpenter was the first
broker who began the sales in the Manhattan stock
that ended in panic-in row-in an explosion.
The movement began few days after the last divi-
Cend was declared, but only hundred shares or so
were sold per day. Ii opened about month ago, at
lI5-l6 and as the market fed il fell TO III. In
short time every body surprised at the quantity
of Manhattan stock sold per day at the board, and
in the street The singularity of the occurrence at
traced attention At last, day, about aortnight
ago another of the brokers rose up, licked his lips,
and said-''I put up 100 shares OF Manhattan, at
ia" "I'll give YOU ll2, said another . Sold,
said the seller. - hundred more" This aston
ished every body present, and every body began to
smell a rat as they say in Wall street.
shrewd broker put his finger his nose, and said,
Something is rotten in the state OF Denmark =
Next day it went down TO ll2, sold-ll0, sold-l0s,
sold This created more ACKNOWLEDGEMENTS put
their forefngers to their foreheads, and fell to
thinking.
In this state of the case about the middle of last
week the Board of Brokers, who own 30 shares of
the stock, a committee to James Mcbride TO
ask what is the matter, Mr.. Mcbride, with your
bank z" " Nothing" said Mr.. Me- all is right"
This reply was made Friday last, when il is pro-
bable that every Director in the bank knew the real
state of the case. This singular circumstance has
caused many to infer that the 20O0 shares, sold dur
ing the last thirty days. belonged to Mr.. Mcbride
and his friends Be this il may, Saturday last
Jonathan Thompson, another Director, came out
openly in the street, and exposed the whole OF the
family loans of 100000 more, made by Robert
White to hi. relatives, the White family and their
friends, without the knowledge OF the President and
Directors. The whole bubble then burst-and on
last Monday the stock fell to 2. 1t is also stated
that Jonathan and his friends 1000 shares of the
stock but did not avail themselves of their know
ledge of the depreciation of the assets, to put off
single share.
"WhO has been selling the stock' SIS il not some
one who knew the secretp' g Have the directors
been doing sol" care they not liable for the whole
lost" These are the questions which agitate
the street, and which none but Mr.. Carpenter can
reply to-but we advise him to keep his mouth shut
tight oyster in his bed. The Whites, of Bal
timore own about 1900 shares, besides many other
Ma 10 rin i'm SIN te
Of deep interest. Yesterday, it was rumored that
"Bob" had resigned-others denied it. He still
takes his glass of pure Manhattan, and sings
wont N resign,
fm id ifIdie.
Some ofthe directors are savage for his resigns
tion-others support him; and say that the losses
are trihing, only s200.O00 less-a flea bite.
Now in this business We have word 10 say, for
there may be several such ileas, biting away
the assets Of other banks.
The Manhattan bank is the great leading locofoco
bank and il must be governed BY genuine locofoco
principles. What has Bobby White done to excite
the ire of the rogues of Wall street, Nothing, but to
follow the sound advice recorded in the Holy Scrip
lures enuncated by that great and financier,
the Apostle Paul. {" He that will not take Of
his own household" saith ST. Paul the Apostle, els
worse than an nidcl." Under this clause Of the
gospel, Bobby White had perfect right to loan the
White family pretty women, and lovely children, full
$9000O0 nearly all the capital Of the bank IL he
had not done he ought to have been considered
sworse than an infdeL" Robert White, however,
had too much Of the genuine Christian in his compo
son to neglect his duty in this respectand we trust
therefore that the directors and stockholders will
retain him Cashier till the day Of Judgment. No
doubt he is indebted TO that great and good the
Rsv'd. Barnabas Bates value of his opinion, $4,000,
for knowledge Of the text in the Holy Scriptures,
under which he made these valuable discounts in the
Manhattan Bank, and thus escaped the wrath to
come.
This much tcday-more novelty, religion finance
and genuine philosophy tomorrow Satan, to your
post Let Bobby White be called hereafter the Holy
st. Robert White, the disciple Of Paul the Apostle.
He has earned the honor.
ALDERMES AND ASSISTANT ALDERNES.-Unless
the present members Of tho Common Council bring
forward and pass law, for the entire re-organ-
izstion Of the fire, watch and police departments,
the people Of this city, at the election, must
make these the test questions. Vote for FOR
Alderman or Assistant Alderman, who will not
pledge himself TO vote for paid fire department
TO the total humiliation Of the wretched volunteer
system. Make them pledge themselves, also, to
vote for paid prsrenftre system OF police, instead
OF the present infamous system Of encouraging and