The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1842-08-20
Astounding Financial Developments-Mo-
rails Of Wall street-Assets and Manage
ment OF the American Trust Company.

Every day-every hour, every secoad of time
only adds to the accommodating facts that develope
the morals and management of the credit system OF
Wall street, and of that class of society who claim
to be the only respectable people in the land, This
is most astonishing arrogant world we live in.
During the last few days, very neatly printed
pamphlet, containing list OF all the assets and
debtors of the American Trust Company, branch
of which was managed in this city by the Hon John
Duer has been circulated in some of the Clubs, and
round about the bank parlors OF Wall street, to the
establishment, amazement, and up-both-hands won
der of every man who could read without specta-
eles. We give to-day some of the choicests
tracts from this brochure, which will be found in
the money article, and call the attention of the
whole community, rich and poor-tashionabe and
unfashionable-m and impudent, to the sngu-
lar developments it makes in finance, credit, fashion
and responsibility.
In the names and sums recorded in this docu-
msnt, will be found the secret, mysterious power
which binds the financial and fashionable cliques to-
gether and makes them go, right or wrong, against
any man or interest that nterteres with their ava
rice and ambition These are the men who set up
TO be the exclusive materials of moral, fashionable
and respectable society, and who deny to all others
impulse, but what agrees with their notions These
also are some fthe men who attempted by base
conspiracy of the Wall street press, to put down
establishment, and to break up our Independent nee,
under the cry of " immortality" and all sorts of
fasehoods, attacks, indictments, SUITS &c. &c. MIR.
Davis, the architect of the runs of New Brighton,
who figures in this brochure, had the impudence or
simplicity we hardly know which, Ito tell me only
a few months since, that | had recently
become moral and respectable John Duer,
who also figures there, is the same creature who
doomed so largely in the Boz dinner, and raised
such cry of Joy over the condescensons Of a Lon
don paper reporter, while he had but few weeks
before abused the whole press of England, because
the capitalists there, would not lend more money to
the company he managed. Governor Seward, r.
VI Blatchford, J. Watson Webb (not including his
celebrated left Lego Joe Hoxie the celebrated COON
skin vocalist, and host of others, are all found in
this respectable list of fashionable hnanclers and
leaders of the beau monde
Good God what development is here present.
ed : The whole property of company nearly
initiated and squandered by bands of inanciers,fo
the mere purpose of exhibiting arrogance and extra
vagance in every department of hsman life J These
try and talent, if it will not minister to their pas
sions as things to be hated desplsed and put down
by any maenness in their power.
Snch is the exhibit of this company. Where is
such rottenness TO end Where the develop
ments of the North American Trust Company I!
We must have every piece of Encouragement out
before society can begin pure, honorable, and
successful reform. Who or what explodes next