Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1840-05-21
MORNING HERALD.
New York, Thursday, May FL, IsAO.
Mr.. webster and the Bankrupt Law.

Mr. Webster and the bankrupt Law.
According to the notices published in the news
papers, OF the recent speech Of the Hen Daniel
Webster, on the proposed Bankrupt Law, in the
United States Senate, it appears to be his opinio"'
that banks and corporations should be exempted
from the operation of the proposed law and that ~
should act have effect any class OF the eommu
nifty but that Of the spectators who have become
bankrupt by their wild extravaganza
Mr.. Webster declares that it is unconstitutional
to pass any bankrupt law, touching the rights or
mr.; yil.ve. Of the banks-and, doubt, he give
most admirable legal argument in favor of such
an on;non: and we will venture to say that, for a
fee Of O.. 600 he could give equally csnclusiv We
s,;r;ou on the other side. Bat the question with
,be neople will be- is il honest to pass bankrupt
law for the relief Of the specalators-but to refuse
to protect the great Of the community against
the swindng banks and corporations p This is
the common sense point of view in which it will be
regarded by the country.
We are utterly astonished at the course, the po-
Icy, the arguments Of Mr.. Webster. He wants to
pass law to protect the rich and arrogant specula-
tor, made bankrupt by his falss and extravaganza,
but refuses the measure Of justice to protect
the posr man, that gives credit and circulation to
the bills of the swindling banks. A bankrupt sys-
tem including corporations, would ut once give the
Because when a bank susponds, it would at once be
shut up, and good currency would take its place,
instead of deprecated ore as now.
The conduct of the opposition party in Congress
and particularly the course of Mr.. Webster is the
most njudicous and impolitic that could have been
conducted by any set of menswilling to throw away
their senses and sell themselves to Satan for lump
Of birthstone. They identify themselves with the
swinding banks and corrupt corporations through
out the country. They cannot bewildcr the strong
common sense ofthe people by pleading and praying
for what they call State rights" when they violate
honest human rights" The great mass Of the OPP
position party, that support General HARRISON are
decidedly opposed these important points, to
their leaders in Congress; and when General Harri-
SON shall have been elected, these miserable lead
ers will find it out. We speak this project
with a positive certainty Of the instincts, of the
sense, and of the feelings of the people Mr.. Web
ster we admit, has a right to support the banks-he
may advocate them in or out of Congress-he may 60
to the devil for them, if they will negotiate his pa
Per-but, as public man, as servant Of the peo-
ple he has no Just right to legislate for few thou
sand spectators, or seven hundred banks, at the
expense and in neglect of the great bulk of the peo
pie of this country II he dses not look sharp about
he will be called to a severe account for such a
policy.
The infamous conduct Of the United States
and other swndling banks, is daily working revo-
luton in the instinct Of this afflicted country, and
nothing can stop il. This isino party question-it
is question of liberty Of equality, of honesty, and
of truth.
THn MYSTERY or Nh. MAY.-The Phildelphia
papers full Of the singular and Mysterious ac-
count given by Jacob May of his disappearance
Va xvit 4 0of
his as remarkable return to Philadelphia, safe and
sound. go mE aFF
We have read his own statement, and IL is mas,
Of absurdity from beginning TO end. He says h.
was so sick in New York that he could not go out
and negotiate his drafts on the Fur company yet hs
was not sick as to prevent him from roaming over
all western New York, Canada, and elsewhere, in
carriage, railroad, horseback, after the person he
ominat csthe robber. He gives neither the name
place. Lor street, where he resided in New York A
"mal' hers" person" there-a young man. in
the ether place-these the parties he had to do
with in New York. In fact his whole statement is
80 ridiculous, improbable, and mystical, from begin
ming end, that person will believe one hall
Of il One must be Is sick Mr.. May was to be-
Ieve IT,
Now the sum If the facts Of his appearance in this
city we have sscertained, ssd here they are :-On
W
went to Sylvcster's Office in Broadway, and wanted
to negotiate his bills. He referred to their of
fee in Wall street, the place where such bushes,
was done. At that Office he called several times
aad was very laxative at each visit. lie used e
jump up upon their counter and say, al don't Iik,
New York--it Is q most noisy place. wish were
gone" After good deal OF negotiation he sold
them his drafts, and received the noney-but wi o
Their il was in U. 8. Bank notes we have not yet
learned.
The description given Of the person who thus me-
gotiated the bills with the Sylvesters, spends
exactly with the knowledgeof his person as de-
scribed by his friends and partners From the evil
dence which can be furnished here, there can be no
doubt but it was Jacob May himself who negotiated
these bills in Wall street, and who received the
money from the sylvesters. IL this be so, and it
can be proved, what becomes Of his story of sick
ness, OF boy, Of young man, Of person, Of ano-
Their person, Of private house, OF first rate house,
eta good house, Of proper physician Of mediciscs,
Of the who kept the house, Of the mas by
whom had sent il, Of the who had come,
Of the trunk OF the dose Of the family, Of the lady
Of the house. Of the track Of the individual Of tho
profound secrecy, Of the trip TO Albany, Of the
10 Buffalo, Of the run to Canada, sc. sc. sc.
Let Mr.. May talk, write, or get sick rs he may,
his story is a humbux--aad nothing else
CoSsuL TRrsr.-On Saturday last,jost at the set
ting of the sua the u s. Marshall Of the District OF
AZ Washiuofou al