The Hawk-eye and Iowa patriot. (Burlington, Iowa) 1839-1843, 1840-10-15

and worn through the streets, the man
being followed by troop of hurrahing
Fanites. This insult to the ladies and
TO every American heart, was treated by
the wings with that contempt which ii
merited. From the fact of his appearing
at his hotel we leave the public to Judge
whether there is not ground for the be-
lief that Allen suggested or approved of it.
Mo. Republican.
US. BANK.-Resunption of Specie
Payments.-The Philadelphia Inquirer
Of Saturday say: ~.
We learn, with pleasure, that an ar
rangemcn, is now in progress between
the u. S. Bank and other Banks of Phil
adelphia, which is likely to have con-
siderable effect in reviving public conf
dence. In order TO facilitate and render
certain general resumption Of specie
payments, the Philadelphia hank has Of
terel to loan the L. S. Bank 1000. 900;
the Bank Of Pennsylvania has m;ide a
similar offer, and q proposition to the
same effect was yesterday before the Di-
reciors of the Farmers and Mechanics
bank. The U. S. bank is indebted to
each Of Tie others. both in bank notes
held by them and balances The plan is,
for the smaller banks to return notes pay
able on demand, to the extent of 81 ,OUO,-
900 each, and to receive in exchange pos,
notes, payable in a year, or longer, if ne
ceSsary. This will. of course, reduce
The liabilities of the U. S. bank, and great.
" assist her in the resumption Of specie
payments. 1t is believed that the other
banks of Philadel phia will also parlci.
pate in this generous work, and thus as
slst in bringing about condition of things
so earnestly desired by all who wish well
to the business and character Of philadel-
phia. The details Of the arrangement
have not, as yet, been thoroughly arrang-
ed, but we believe it is contemplated to
effect a reduction Of the immediate liabil-
tiles of the larger bank, to the extent of
four or five millions. The Eastern banks
have professed great willingness to assist
Pennsylvania in the work of resumption,
and it is to be hoped that, if necessary,
they will now act in the spirit of their
professions. The best understanding ex-
lists among The moneyed institutions of
Philadelphia at the present time, and the
prospect is certainly encouraging. Cur
money market continues easy.
The keenness with which the Presi-
dental contest is carried on, all over the
Union, says the 81. Louis Gazette, may
be judged from the excitement in New
York. The people, on boil, sides, are
collecting en- 'nasse. Meeting after meet
ing is the order of both, day and night.
Bennett says:
The political excitement of the country
increases every day. The week Just clos
ing has added masses of fresh elements to
the conhagration, just like a thousand
cords of dry hickory thrown upon fire
in Broadway.
Mr. Webster's remarkable, curious, ori.
ginal Shaksperiau at Pa,chogue, has as.
tonished and bewiIdered every body, and
made the democracy almost insane and
frantic with vexation. His wit, his hu-
NOR, his flashes Of sarcasm have set the
Custom House beside Reconsideration
a fresh dash Of vinegar to the poet of the
Post-and called forth the strongest eff
forts of Silas Wright to sober them down.
New York was never in such an excita-
BILE condi,ion-nor the country far and
wide so crazy. Distinguished men re-
turn to the good old language of queen
Bess, call their opponents ''liars,' and
threaten to fog them if they will ''come
into arms length while leading and re-
ligious officers of the government return
the compliment, and threaten to sink a
stone in the forehead of the foe, as little
David did to big Goliah. General Har-
rson, General Jackson, every thing in
the shape Of man or beast, is abroad, run
hing races, speaking, writing, singing
songs, and elec'ioneering. The highest
and the lowest of both parties have al
most lost their scnses-and some lost their
sobricty. -'.. ..
SAM JONS1NG ON BANKING.
The two old friends, Sam Jonsing and
Pete Gumbo, met last night at the Com
mercial Bank. The burden Of their dis
course appeared to be upon banking. ard
Il part of which we published as throwing
new light upon this subject which has ne
yer been touched by Gouge.