Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1840-02-12

banking ana credit systems goes with undated in
tensity and the highest prospects Of ultimate
No sooner is the account of one explosion spread
the country, but another bursts forth with fresh
matter to excite the people, astonish all hell with
its devils, and make the beaucous spirits of heaven
hang down their heads in shame pity and confusion
One day we have the grand explosion Of that mon
ster, of" Sin and DEATH the suspension of the U
States Bank-the next the burst up of the Schuyk
Bank, and the flight of Lewis to Texas, or eternity.
and on the third the grand blowout of the Manha-
tan Bank with all the Whites scattered to the four
winds of heaven In this "holy war; against tho
frauds and mismanagement OF the banks, the honest
portion of every party unite. 1t is a question of
morals and fnance-not politics or party. What part
do take in this &c holy of the new revolution?"
Like the brave continental soldier, go forth to the
battle field and flight my hook" l have
declared, my own account, war the United
States Bank and the shall have no let up,
till it pays its honest debts, or loses its charter
In pursuance of this resolution shall continue to
give fresh and running sketches of those managers
of the U. S. Bank by whose principles and counsels
such wicked dishonesty and papable fraud have
been sanctioned. Accordingingy here is another
batch:
DIRECTORS OF THE UNITED STATES BANK.
RICHARD ALsoP-Has become of the proprie-
tors ofhe U. $. Bank N. Y, under the free banking
law. He is, was, heavily engaged in the Canton
ten years ago he persuaded many of our cabinet ma
kers and others to ship furniture consigned to their
house, think atty alparaiso, in South America. He
then influence the same class in New York and Bos-
ton, to commit the same egregious folly. The con-
sequence was that the market was glutted with the
artcles-every thing was sacrificed, and very little
money, any, reached the owners of the goods
after deducting freight duties and the commis
charged by Mr. AlsOp's house. have not been able
to ascertain whether his house purchased the goods
not at the sacrifice made of them, but it ought
be inferred that they did not Mr.. Alsop is shrewd
cunning man, but how he will come out in the va
rious loans he has made shipments to mercantile
houses in New York, no one can say.
JOSEPH CABOT-A BOstOnan. was former of the
firm of Perit Cabot; their place of business was at
423 Front street. They were unfortunate. He is
now Of the firm of Bevan, Humphreys e. Co; he
is able and possesses business capacity Of an
unusual degree. He has been chairman of the Finance
Committee Mr.. Cabot married daughter of the
late Nalbro Frazier, who was at time eminent
merchant in this city, and resided at l6l South Sc
cond street, the same premises were afterwards
cupied by Robt. Minor, drug store. Mrs. Fra
zier, the mother of Mrs. Cabot afterwards kept a
highly respectable boarding house at l24 Spruce
street, in the house formerly occupied by the late
Major William Jackson, who at one time had been
surveyor Of the port of Philadelphia, afterwards
publisher of the Political and Commercial Advert
SER newspaper of the Federal school. Major Jack
had been the private secretary of General WASH
ington. Mr.. j. w. Perit his old partner, married a
daughter of the late Dr. Dunlap and sister of Thos
Dunlap, the president of the bank.
LEWIS WALN.-A son Of the late Robert VAIN,
who was at one time eminent merchant Of this
city. Mr.. Lewis VAIN is of the firm of VAIN &
Leaning who are very heavily engaged in the do
nestle dry goods business. The house receives
large consignments from the Eastward and sells by
the package only. Mr. W. is a exceedingly quiet
but possesses business and other capacities far
beyond what most persons have any idea Of His late
father gentleman ofgreat capabity, as also his
late brother X. VAIN, r., who wrote most excellent
work on China. Mr.. Vain, perhaps his family,
will of these days, into the posses of
of a handsome fortune, from Hon. b. II. Morgan, an
old and warmly attached friend of his father. Judge
Morgan is very much attached to Mr.. VAIN.
JOHN Constitution the State Of Delaware, is a
gentleman not of very shining abilities, although
years since, while residing in Paris he acqut-
ted himse the satisfaction Of those concerned in
adj vocating the Of those merchants, who en-
ployed him on behalf Of their claims the Govern
ment ofFrance. He is also Director Of the Phila-
delphia, Wilmington and Baltimore railroad COM
pany. Still | must say Mr.. Cornell possesses little
or no mind, have ] ever found any individual
with whom / have come in contact, who is ex-
ceedingy particular in little matters Of no moment
who ever possessed a strong mind. might in
stance To you a case in point, Rev DR. Thos. Nc
Auley, Of New York, who is man of little mind
and disgustirgy particular in matters of little or no
moment. The Rev. DIR. would strain at a gnat and
swallow camel skin and all.
ROBERT TAvLoR.-An Irishman and grocer and
agent for Irish passenger vessels. Mr. r. married
a daughter Of the late Thomas Leiper, well known
as tobacconist and snuff-dcaler; Mr. Leiper was a
staunch democrat, but proud naughty, overbearing
Scotc hman. He was in the revolutionary army and
a member Of that famed corps, the first troop
city cavalry; this troop the body guard Of Gen
Washington. Mr.. Taylor is an old and respectable
resident Of this city; he formerly Of the firm Of
Gray Taylor, grocers 81 Market street; they also
had an establishment on Hodges wharf, between
Arch and Race streets; his old partner, Edward
Gray, afterwards went to Baltimore, and I believe,
is still living, lately, Ellicotts Mills -
Mr.. Taylor is mild gentlemanly man, and not
stocked with mental capability He brought into
the board to propitate certain members Of the loo
foco party but in justice to Mr.. Taylor let me say
he has always been exceedingly mild in his politics,
although decided. i believe you had the honor Of
being acquainted with his brother-in-law, William
Jones Leiper, Esq. IL seems to me that when he
employed as the government 60 errand runner
you treated him with very great deal Of respect
and courtesy. He was in the habit Of invading your
sanctum in the Penns ylvanian office, and also of
squirting tobacco juice out Of each side Of his mouth
every thing around him, and perhaps on you for
aught the world knows about II. Mr.. Leiper has
lately become enamorcd with race horses; so good
by TO politics and matrimony.
These five are considered, in all their private
dealings, honest, respectable, and moral In Phila
delphia, where they are known, they occupy the
highest niche Of respcctability They fathers
and heads Of families-giving examples TO the
and daughters Of the rising generation. They
also members Of the church Of the living God, and
dosbt frequently kneel down on the Sabbath day,
and repeat, with casped hands and down-cast eyes,
the following prayer to the Almighty
Almighty and most mere iful Father; we have err
ed and strayed from thy ways like lost sheep
Most true-this will be admitted by every honest
Il - "a. III