Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1840-03-21

advance OF all the w all
shall not forget them the day after Sharps the word
M The WEEKLY HERALD, containing four en-
cravings illustrating the position of pubic affairs In
Asia, will be Published to-day at o'eiock--price
Ola cents.
The Manhattan Expose--Bob White indict-
.a--Tn. Reg,nninr OF the end OF the Bank
Cliques.
The Grand Jury now in session have indicted no.
bert White Esq, alias Bob White, alias the eX-
Cashier of the Manhattan Bank. He has been ar
rested ON a bench warrant, and the amount of his
bail increased to 5000. The Recorder, doubt
means to act with the rmness of the Roman, Lucius
Junius Brutus; and when Bob is found guilty, the
Recorder means to tell him, in the language of his
predecessor, Dear Dick Riker' that this break
ing of heads with bludgeons from behind, and as
sauIing respectable people, is serious offence and
practised 10 a very great extent in this communty;
and that he must suffer some" for DONG. He
therefore intends to punish him with the same mea-
sure of punishment which inflicted on James
Watson Webb, who twice made similar assaults in
Wall street To avoid this terrible disgrace, there
fore-for the Recorder will be $ good as his word
Bob had better 60 to Texas or to Paris for
son. and forfeit the 5000. The locofocos very
poorthey want it in their treasury to help to carry
on the election, and as Bob has made money enough
by his scientific and superior financial operations,
he very easily spare Insignificant sum-
Seriously, however, if all the directors and officers
of this had each got stick put in his hand,
and each had given the other sound licking, they
would have all really merted the infliction.
The late expose of the whole system of the Man
haitian Bank operations, shows the most singular
state of things that could possibly have been con-
ceived. The whole of these operations directed
hx,a Lad lend
and regulate all amongst each other. Once
time, negligent looker-on lets little of the affair
leak out and the clique buster and blow and pub
Hsh and denounce, without avail At last takes
a big stick, and knocks down of his own nine
pins instead OF letting the devil do it. The same
morning James Mcbride, another of the nine-Pins,
was coming down Broadway, when he met Mr..
Thomas Walsh, and the following conversation EN-
sued:
DfcBriae-Good morning, Mr.. Walsh. What's
the newsl
Waish-What! havn't you heardl
Mcbride alarmed and trembling)-Good gra-a-
cious, MIR. Waish-no more exposures, hope?
Vaish-Oh, there's the devil to pay in Wall
street
McBride-Mercy on me. When will this sad
state of things end, Who has exploded nowl
Walsh-Bob White.
MeBride-Bob White mercy on me-he hasn't
run off,
Talsh-Noi
NcBride-He is not dead?
Walsh-No-but he's very nearly killed iona
than Thompson!
MeBnde-Goo-o-d He-a-a-vens, Mr.. walsh-you
don't say so,
Halsh-He has knocked him down with bluageon
and cut his skull open.
McBride-Oh dear, oh, dear, gsess won't 60
down to Wall street this morning, Mr.. Walsh. But
what a sad state of things,
Waish-Well, the bad management Of your bank
has brought il all about
MeB'Ids-liow can you say so, MIR. Walshl
Walsh-Why III prove it by an instance. want
ed to borrow $500 for friend; sent nete to the
Manhattan Directors, enclosing Is shares of the
Manhattan stock to cever the endorsement; and
they wouldn't let me have it; although at the very
same time, you and Campbell p. White, and Tom
Suffren, and Coster, and Tom, Dick and Harry, were
lending all the funds to each other That's what
call bad management, very bad management, Mr..
McBrids, and nothing justify it, 1t is shameful
McBride-Well, well, well, Mr.. Walsh don't
talk about it. | must go home. don't feel very
well. But don't talk about il for il you do Bennett
will certainly get hold Of it and put his paper
and then thercll be another fall or stock. Oh, dear
AZ is horrible, and we have been abused enough by
him and every body; oh dear! l must go. Good
morning, Mr.. Walsh.
This Is a sample OF principal member Of the
clique who have mismanaged the affairs Of the Man
haitian Bank, triaed with the interests Of the cond
ing widow and orphan, and set themselves up for
leaders Of finance and fashion. Bob White lends
money to Campbell p. White, and the latter lends to
himself and his son; NJ Bride lends to Suffren and
becomes his security, and Suffren lends to NJ Bride
and becomes his security. And so it is to the end
of the chapter. MBride and SufFren, SuHren and
M'Brids! pork and beans. beans and pork pork and
beans, sc. &C.
In this way II is that these financial cliques are
formed and round the little centre Of their opera
tons all the lesser satellite cliques Of small potatoe
hnanciers daily revove. Nor does their rnalign in
huenee here. 1t operates the social circles
and througnthe influence of their banking operations
they set up for leaders in fashona BILE and political
life. Hence Campbell p. White goes to Tammany
Hall, spouts politics, enters the Common Council,
goes to Congress, persuades General Jackson 70
move the deposites and to give the Manhattan part
ofthem, which he borrows Hence M'Bride allies
himself to leading locofoco politician; and hence
every is taken to keep up the influence OF the
clique in financial, political, and fashionable life
And To such extent has this influence obtained
that we know instances OF respectable widow ladies'
who held Manhattan stock, and would not draw ont
their dividends till months after they due, for
fear Mr. Robert White should think that they were
nm nat Of ~. - ~