The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1842-10-25

EXPLOSION AMONG TIE FINANCIERs-GREAT Fun
SHNPLAsTER CURRENCY Every body remembers
the campaign we opened, about year ago, against
the extraordinary and audacous project of Moses
Y. Beach, alias Little Biddle, of the Ulster and
Jacksonville banks, 10 flood this deludea commu-
nifty with spurious and mpudent currency. For
that honest effort part, most violent cutlery
was raised against us-we were denounced as
foreigner" felon,' wretch" "vain,' eli
beller," and every epithet that could be selected
from the State Prison dictionary. A suit was also
commenced against us for $4,000, at the instga-
ton of Moses Y. Beach, and formally announced in
the "New York sun Many of our enemies
believed their audacious assertions, and much per-
secution expended on our name and reputation
Even Noah addressed the Grand Jury on the sub
ject, and tried to have us indicted Well, time
brings every thing TO its proper level-and we ac
cordingly have the satisfaction of copying from the
selfsame g New York Sun" of yesterday, con-
Quoted by Moses Y. Beach, the following extraordi-
nary admission of all that we ever stated
i[From the New York SUM-
Fraudulent BANK l,suEs.-We have recently received
from perfectly reliable information of the pro.
gres of piece of swindng which duty guardians
othe public welfare requires us to hold up the public
knowledge. 1t appears that since the transfer Of the
agency of the Bank of Jacksonville Florida which
about five months since Some evil designing person or
persons have conrved 10 pretty large quantity
fits bills, and, after hlng II EN- up attempted TO palm
although it well known to them that all its legitimate
issues had been fully redeemed and the affairs of the Bank
closed as the public were fully appraised through the
columns OF the SUM- and OF the public press generally.
Among those who had probably not learned the dscon.
nuaPee of The agency after all its Tesponsieties had
the fraudulent bills succeeded in passing off of their
frauds but the cautions of the public press eectuay
been engaged in this villanous proceeding, gang
knaves, composed Of blacks and whites-mos OF them
Int Snft rntha
These fellows have appears been stopped in their ope
ratons with these fictitious Jacksonville bills with some
$500 of them in their hands These bills they saw they
bought at fifty sevenyhve per cent discount
the individual who signed his name President and
they think hard that they defeated in passing them
off upon the public for the price they paid for
which about the same as that paid by of coun
tereltS to the manufacturers of other bogusr The only
hardship about is that the walls of the penientiary do
not at this time prevent them from the practice of trac
ing in such villanous frauds upon the public. Buying
stolen article quarter its nominal worth is regarded
IN our courts as prma die evidence of participation with
the thief and makes the buyer equally responsible the
law whit the thlei himself so with buyers OF counter
feits state banks The purchase them is
taken as evidence OF intent to pass them upon the public
Common sense iorbds any other superstition than that
these fellows bought this spurious Jacksonville for any
other purpose than to pass it upon tn public genuine
and for the face of each and every bill and it, they
they made the purchase OF the very manufacturer Them
the vainy OF their purpose is only the palpabe
and should with the greater certainty secure to the public
protection the hands of the law from their swindng
operations. The individual who manufactured these
bills and sold them to this gang of pasers of bad money
well as these minor knaves who purchased them for
the purpose OF palming them oil upon the public, is
fully and papably within the criminal statutes OF the
State against counterieting and swindhng the
undSgused counterieiter within the walls of State
prisons Their offence swindling of the rankest kind
Eakind which not only operates upon the public n
large but for the most part upon that portion of the
least able to bear such wrongsthe laborng poor
sequenty hehooves police authorities to lose
in protecting the public inst this most wicked and e-
onious swudng device and to bring promptly oJustice
those engaged in it, The facts too palpable to admit
OF doubt to the felony and the felons have declared
themselves to the world and boldly set the world and
tce at defiance
This is a rich lick. Such is the statement now
put forth by Moses Y Beach, still the owner OF the
Ulster Bank-once of the Jacksonville Bank-and
generally supposed TO have a close connection with
a new bank, recently started at Malone, Franklin
Co., NY, purporting to be the I" Farmers Bank
large quantities of which paper in circulation
here. Such are the extraordinary admissions o
Little Bidde.
After this self-condemnatlon, we presume thu
public will be satisfied of the accuracy of tn,
Herald-and It's general correctness in giving earl,
warning to the public. The present delicious erpos,
Is caused no doubt by some quarrel among thes,
inanciers. Perhaps Beach, in spite of his vas
financial talent, has been shaved TO the amount o
$1,000, or perchance S2O,OO0 by some of his con
iederates in banking. Their original purpose wa
to shave the community and divide the spois-bu
up comes the honest Herald, and warns the public
Inns ourstthe bubble. Not being able to shave the
community, one set goes TO work'and tries to shave
each other-and the first is Little Bidde himself
who is shaved out of $4,000 at the first cut Thu
fellow shaves heater than our Jem Grant, the i'm
mortal barber, could do. Hence the present furious
TRADE against his former confederates, and explo
sion of the whole concern. Ha hal ha, ho, ho
no
Sing Sing, open your jaws-do.
SrRKE.-Yesterday, about 300 or 400 sailors