Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1840-02-08

operations of that broken concern. Any person hav-
ing such copy, will confer a favor on the editor of
this paper, by sending it to this office, 81 Ann st.
STATE or THE COUNTRY-GoING THE DEVIL.
The great movement of the day-the movement
that swallows up all others, is the progress of the
financial revulson, and its attendant political
luton, in Pennsy lvana-or, in other words how
the honest people of that State driven hell by
their financers and politicians. The Legislature at
Harrisburg is the centre Of attraction to every
mind that understands the progress of events, and
the best mode of going to the devil. The debates
of Congress uninteresting-so those in Al
bany. Pennsylvania in her banks and State finances
is in the of the great movement towards the
gloomy kingdom of Satan.
But amid the various statements put forth in the
public prints it is difficult for the observer of hu
man nature TO ascertain exactly the nature of the
conflict, or its probable termination. To our mind
its character is : clear if it were written with
a sun beam. We discard all political or personal
preiudces, and can look upon these NOV ements with
the eye of superior being, whose destiny is above
and beyond the region influence Of such move
ments and those who lead them
The present position of Pennsylvania is that of
every State that has expanded, or may expand, the
credit system to the extent. Nothing can
but immediate resort to direct TAXATION, with
nomy TO guide the expenditures of the future. But
instead of adopting such policy they borrow more
money of their broken banks to pay their interest
This will inevitably lead to debt of 500 600 600
or 600 or even 500 900 900 in less than 20
years. Pennsy lvania in less than two wears, will
be without credit reputation. She has begun the
movement that will cause her final disgrace Her
bank currency will depreciate every day-and if
she does not retrace her steps, il will fall to TO- Is
20, or 80 per cent below its present value.
In the time her present Gov ernor has brought
forward measures which, while they accelerate this
issue of affairs, will produce political revolutions
and temporary revival for few months By
his policy in regard TO the banks and the public
debt, General Harrison will get the vote of that
state. All the rotten banking, credit, and expand
ed interests of the state will rally round the present
suspended borrowing movement, sufficiently so to
give il overwhelming majority at the next cleo
ton SO il viii be throughout the Union The
present strange revulsion in state credits will en-
tirely overthrow Van Buren,; but the victory will
only be temporary to the wing party-for nothing
can stop the final explosion of the bostering sys-
TEN. Up TO next November, we will have nothing
but fluctuations and agtatons. In that month,
General Harrison will be elected, by large MAORI
~ the result Of the excitement and vast combina-
tion Of banks and the credit system We shall then
have a temporary rise in stocks, prices, and specu-
lation-then will follow, during Harrison's Presi-
dency, the long, low, black revulson, and final ex-
posion Of the whole, to be succeeded BY new sys-
tenn a new race and a new and healthy order of
things.
CoRPoR.rros Enthusiastically we tasted
the 6rst mouthfu of treasury pap that crossed
our lips. Like a taking his first dose of medi-
cine, noticed its effects my system. In about
two hours thereafter, discovered strong propen.
sity to lie, SANDER and cheat,-a feeling that was
80 new to me, that felt queer under It's operation
I now can understand the process by which Blair OF
the Globe, and the other organs Of both parties
display such genius for lying, Safeguarding, and
abusing theiI opponents. Ii all comes Of the i'm
mcnse Quantities OF treasury pap they swallow.
The corporation j. locofoco in it, politics To stop
the publication Of the many wholesome truths
publish in the Herald, they voted me a large dose
of treasury pap-S25 per mouthful. However.
thank God, il has not produced the expected effect
have such a strong, healthy constitution that no
quantity Of 4" the spos'' can affect me-and IL they
doubt the fact, let them try me with thousand
dollar dose cut from the fat job Of advertising Of
s. 900, which they giving to the Post and two
Eras. Out Of pure patriotism, I'll venture to swa-
low such dose, the amiable DR.. Townsend slid
into the skin of a who died of yellow fever at
Havana, just on purpose to become acquainted with
the pathology Of tn disease. Do-try.
THr FAScY BALL ron THE Z1ru.-Preparations
for this great affair going ahead fast. We have
received descriptions Of number Of the dresses
and characters. and some time next week will pre-
sent full account. We getting beautiful re-
presentation Of the house and apartments, engrave
to accompany these descriptions. Some very ORR
ginal characters are 70 be present.
Do The Jefferson Guards give their third annual
ball at the Apollo Saloon, on the 18th inst.
Wall srREEr RUNoBs.-wall street has been,
for several days full Of rumors of defacations,
frauds, robberies, &C. " half Of the truth Of
Wall street were known, II would no doubt make
many stand aghast.
ScfErcE.-Gouraud, the savar, Is lecturing on
sun painting, at 25 cents per head.
Do The Express" intimates that this state has
produced two great men, DE Witt Clinton and Silas
M Stllwell. so IL has.
Fury CrNr PArcH.-Ex- Governor Marcy j.
appointed receiver ofthe BufIalo City Bank A good
selection. The great X. has had large experience
in-patching breeches and banks, cheap, too
WAGES CowfNe Dowr-Whst has become N