Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1840-01-03
POSTSCRIPT.
THURSDAY MORNING, 2 O'clock.
BY THIS MORNINGS MAIL.
WAsHINGToS CRY, Jan. l, 1910

Mr.. Fan Buren's Leoee-Southern 4Anti- abolition
Caucus-Bunks and Currency in the District OF
Columbia -Messrs. Clay and Calhoun at the Pa.
Both Houses of Congress are out of session today;
all the city has been up to the Presidents Palace
and shaken hands with his Exceency Martin Van
Buren,, Captain General, Commander in Chief OF the
Army and Navy of the United States, and great
admirer f pretty girls ana buXom widows :,
> Mr.. Van Buren,, has grasped and caspea an
kinds of hands today. ON the soft and denc"e
of the lass of blushing fifteen, downt TO the nara
paw of the ves iocotoeo that ever waoW We st
stew, and the slippery but callised pain Oh inc most
mercenary wing Of this day ana gehera,ion'
; Old men, old women, old maids and cid bachelors;
y OF standing, and men without standing; men 10
broadcoth and men in buckrair; Office holders and
Office seekers; lawyers doctors, saints and sinners,
loafers Of all ranks and degrees; locoocoS and wings,
saints aud sinners, aages and devils, christians IN
breeches and petticoats, and without breeches or
petticoats have all net today on a common level,
shook hands with the President, blessed HIM and
cursed him, and many oil them have wished nm
4 happy new year, when IN all sincerity they IN heir
hearts wished him at the devil.
The President has endured the affection that has
been heaprd him, with all commendahle grace
and patience and if he has caught the small pox,
or the tch the measles, by the operation, he has
been sinsuarly fortunate. Mr. Jefferson, it is said,
contracted cutancous disease, on levee Say, from
which he neveriully recovered
Tonight a caucus is to be held by the representa-
tves from The south devise way to puta stop
no the pre- senation of abolition petitions Mr. Calhoun
is to preside, and it is said that he will through the
medium of the machinery OF tonlghts caucus, whip
all the southern resentatives into the traces, and
= compel them to walk into his path, and to support the
administrations far he supports it, or prepare
grave for their future political hopes and prospects
Mr.. John C. Calhoun is play log a very heavy game
about this period, and the man from te W
states who dares oppose his schemes, and set up Tor
- himself NAV as we'll otherwise set him sell down
n as a lost man! Between Calhoun and Benton no d.
rect outbreak will or can take place, till alter the
presidential election OF the next autumn Alter that
thew will both be in the field, Candidates for the pre-
siisney, and the war between them VIII DC " MUIR
derous hot" . .
the District of Columbia in relation to its local cur
rency and the condition of ITS banks here are
now in the District six banks, viz.-The Pank of
the Metropolis. John p. Van Ness, president, and
Richard smith. cashier; capital S5GO,OOO The
Bank Of Washington, William Gunton president,
triotic Bank of Washington, William A Bradley,
president, Pysche Thompson, cashier; capital,
$3.50 900 The Farmers rank of Alexandria. John
c. Vowel. president, John Hoi, cashier S3ioOoo
pital $500 900, p. Jenny, president, W. c Page,
cashier Farmers and Mechanics Bank of George
town, capital S5OO,OOO John Kurtz, president, and
John J. Stull, cashier. By an act OF Congress,
the charters of all these banks expired ia the
year 1888 Prior TO that time, they all petit
toned for renewal OF their charters; and in
their prayers asserted that if renewal eyten-
sion were given them, they would in their efforts
to close up, subject their stockholders TO heavy
losses by OF the utter impossibility of their
closing within the period prescribed by law.
In cons liberation of the esentltions TN made,
and in consequence If their loanng large sums
of their notes 10 Members Of Congress, they ma
mayed get act of extension for two years. from
the Attn OF July, 1873, passed in their behalf The
conditions of the act, however, were limited and
provided that the act should be void, unless the
banks ceased issui x notes of a less denomination
than So on and after the 3st day of May, Io:iS -
The act also required them TO redeem all tuer notes
of less denomination than So in gold or silver,
from and after the LIST Of August, 1S3S, and TO
sumo specie paymests in full, before the first
of January, 1889 All Of these conditions were
complied with, aud the banks, few months since,
most confidently anticipated renewal Of their
oa.sers but in October last, when the Bank Of the
Gnited States failed, they suspended payment, and
thus lost all claim for renewal.
By the act of Congress of the % Of March, 1921,
for the ulation and establishment Of these banks
is expressly provided that, if they suspend specie
payments, the bill holders shall receive IL per cent
interest, by the way Of damage; and Congress may
revoke their charters and appoint a commits sioner to
take possession Of their effects and close up their ou'
siness
introduce bill, early day, 10 carry into eject
the law Of the I'd Of March 1871 IL this be done, and
such bill as Mr.. Benton may INTRODUCES, should pass,
the District of Columbia viii be destitute OF Banks
In anticipation of such ap event, scheme Is now
ON foot 10 Obtain charter for District Bank, 10
be called with capital OF 81 ,5e0oo0 to be located
in This eity with branches at Georgetown and Alex
andria What success may attend the scheme remains
TO be told
Every bank in the district of Columbia has for
feited its charter time, since the year 1876, with
the exception of the bank Of the metropolis and that
has done the deed only once.
In the year 1887, they all suspended with the ex-
ception Of the Bank OF the Metropolis and II was
aid az the time tina they did so, at the instance ard
at the command o. MIR. Nicholas Biddle. Mr.. Leo.
nard Jarvis Of Maine, locofeco, introduced rcsc-
luton the effect OF which would have been, had it
been adopted, to take away the charters Of the de
linquents; but Mr. Ben Harding, OF the Kentucky
delegation, moved amendment to include the Bank
Of the Metropolis in investigation; and as that
Bank wa. the pet o, the government, the House re-
fused TO act way the other the subject, and
the Banks escaped with IMMUNITY.
They are al engaged, IL IL reported currently
here, at this moment, in buying MP their circulation
at 10 per cent discount. They will not be re-char-
tered.
Mr.. Clay and Mr.. Calhoun were both at Mr. Van
Buren's today Would you be surprised il they
formed coalition with Mr.. Van Buren,, to 90 against
Mr.. Tippecanoel Such coalition would be equal
to that between Charles James Fox and Lord North
Yours respectfully
TOMAS TRorr.