Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1840-02-21

Satan, the High Bank Commissioner, is again
up to his very horns in business. Yesterday
morning, to the establishment Of all Wall street,
fresh excitement broke out in the Manhattan
Bank, which created deep panic, and fall
of IL per cent in the stock leaving off at 80
per cent, for what short time since sold at l20,
with every body holding up their hands to heaven,
crying sch ohi'' "ah, ah!'' ''What nextl'' ''what
neXtl'
One fortunate thing took place--the weather was
delightful-the air SOFT bamy, poetic, and pictur-
esque-the sun brght-and Wall street was full of
life, wit, good humor and poetry. These bank
posions seem to delight every body-even the Devil
himself laughs and shakes his sides till his horns al
fall off, and his tail coils up behind till it rises
fifty feet high and is thought look very like the
liberty pole at Ricy's
little after 10 O'Clock, the venerable directors of
the Manhattan, began to make.their appearance be-
fore the, elegant dorc palace of that Institution 1t
was known among the initiated that great effort
was to be made to remove Robert White from the
Cashier shp and to send him to New Jersey to board
at SO 90 per week, in company with the watch dog.
This the purpose of the meeting, and this pur-
pose had been caused by the very Hibernian twin
Reports, published last week. which was considered
by every fnancier ''as clear mud" The opposi-
ton to Mr.. White, and their determination to send
him to New Jersey were headed by that honest pa
triot and eevencent defaulter, Jonathan Thompson.
Accordingly at the hour of ten, or a little after,
every director made his appearance at the granite
palace The loafcrs of Wall street collected around
the doors, and looked with deep interest, laughing
and chuckling nightly But, the deepest sensation
was created by the appearance of 5. ID. Beekman,
Esq, a director who has not been at the bank for
the last six years, until Monday Tuesday last
He arrived in a carriage, and was assisted by two Of
the clerks to get in. AS soon as the board or
gained, Jonathan Thompson went to work and after
few remarks stating the condition of things, propo
sod t. remove Robert White On this, Mr.. Camp
| bell r. White got up, and made a violent attack
Jonathan, and accused him of producing all the
citement and difficulty in the bank. A very warm
debate ensued but, when the vote was taken it is
stated to have stood six and five for Mr.. White, by
one acc count, and seven and four the other, as
follows
FoR RrrAsISG Ma WHIrr. AsAIssT HIM
james McBrde William B. Crosby,
William Panlding, ~ Beekman,
Campbell P. White ABsFsT.
| John Morehesd, DIS Kennedy is in Europe.
Recorder Morris.
| The other account states that John Morehead
| voted against MIR. White BE this it may, the
announcement Of the contest, the debate, the vote
| created additional excitement in the street and
| every where.
| In the Board of Brokers' the scene was curious,
at the same time that these transactions were taking
| place at the bank. Mr. David Clarkson, whose
head is long his body is president Of the board
| On coming to Manhattan stock, Mr.. Prime, Of the
house of Prime, Ward & King, offered ten shares.
Sc will give So" said broker. "sold,'' said Mr.
| a l- . he
a Sold" said Mr.. p; ten more" III give g"
4" Sold, said Mr.. p; "ten more" sl"-" Fifteen
| more--" 80" sold" said Mr.. Prime, with smile.
| This continued fall aud continued SALE astsn-
| shed the board. "What is the meaning of all
lhisl' " Something is rotten here" were the
general expressions. IL is known also that the
house Of Prime & Co. hold the proxies for 5000
shares, and the inference drawn that they
selling out on the principle Of sauce gus peut In
deed il has been ascertaincd that Campbell p.
White himself has been selling out his stock, pri-
vately and candestinely. A few days ago, Mr..
Bruce the broker, was employed to sell hundred
shares lie wanted to know who owned them, and
requested TO see the transfer book Great obstacles
met hm--but after trouble IL was seen, when,
10 and behold Campbell p. White was the seller.
L. this right Certainly--every thing is right in
| these days. The vote retaining the Cashier, Robert
| white is the result Of influence cxeEsed from Wash
| ington. The government have 5000 900 more, Of
| their funds in this bank. As the belief is now very
general that the bank is utterly rotten, and hardly
worth 40 cents the dollar, great efforts making
10 give the kitchen cabinet the preference 10 the
state government, the depositers, or the bill
holders. General Paujing is connection Of Mr.
| Secretary Paulding-Iames Mcbride is the father
| in law Of Mr. Vanderpoe the administration leader
! in the House Mr.. Su'fern is the friend Of Mr.
whte-Mr Costar has a loan Of 500 900, il is said
| These directors all moved by the policy
Besides the former disclosures. il is now currently
reported that Isaac Lawrence has had loan of
e2oOOo0 out Of the bank, to aid him in real
fate specuations in which he is concerned with his
| son Beach. Other and more curious statements are
aaoat evidently affecting the solvency Of the Bank
1.-THE Secretary Of the Treasury should demand all
depo sites and funds at once, what will become OF
the depositors. or bill hoers, or the state govern
| mentl The first come, the first served More fan
is expected to day Should "Bobby White" be ex-
PEELED let him not despond. will give him the post
Of penny-aner in my office at Sc 90 per week good
fresh drinking water inclsded. To put him on wa
ter would do him good One thing is very proba-
bic, If Mr. White CONTINUES to be Cashier. the stock
will go down-down-down--to 70-60-5O-
20, or less