The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1842-10-17
Sii,33,s24 $io,5Ii,ss

On Friday last Justices Buttrick and Warren. held
court of preliminary examination in the Town Hall,
Charlesown, in the OF the Commonwealth of Massa
chusetts William wyman, expresident and Thomas
Browne Jr excasher ofthe Phoenix Bank, snd William
H. Skinner of the firm of Stanley, Reed & Co. James
Hunnewell the vice president Of the Bank, charging Wy
and Brown with having embezzed and feloniously
stolen the of $500 from the bank Secondly. he
charges Skinner with having received the $4,000 from
w. & B.. knowing the have been cmbezzed and
stolen. Thirdly he charges all three with conspiracy
deraud and cheat the stockholders of the bank aore
said
to these several plants the defendants pleaded
not guilty"
This is the proper method dealing with paper money
rogues In the Of the examination the fact de-
veopej these parties concerned with Blanchard
and Odiorne the two Boston Bank ellsrs who pro-
secuted last year, for frauds connected wha brokers'
house in Wall street. appeared that from these people
Wyman obtained the funds to pay dividend of the Phe
nix Bank in order to keep up appearances in the same
that the late National Bank decervey paid two
dividends the stock Of the State Of Mississippi in Lon
don representing that the State had paid in order Ito
stain confidence and cheat innocent people into buying
worthless stock.
The details of the late tariff continue to occupy the
enon Of the mercantile classes and generally speaking
the conclusion to respecting its practical working,
is not at all favorable We any very cogent
reason however for taking responding view of the sub
ject. 1t has been laid down axiom in finance that
nothing prevent the smugger stepping in the
rector of extrav aganty high duties under the most
despotic governments and that Congress have committed
egregous this respect with many articles the
tariff does admit of question The result is, how
palpable and obvious to all persons
with the trade the United States with Great Br
tain. The moment is found that will be prohta
BILE to take the risk of entering by the Canadian frontier
than by the Custom House of New York, goods will be
shipped for Quebec New Brunswick &c. nearly openly
for the merchants the Of the States - If
the trade direct It is utterly impossible to guard
frontier extending 1900 1860 miles with population on
both sides of the line interested in aording every facility
the contraband trade. Every person acquainted with
the practical effect of thsformer high tariff on the Cana
dian line is aware that the bulk of the article
curity whatever against smuggling and there Is no rea
son to believe that pepulace have become more vr.
uous and patriotic than they were ten or twelve years
ago. The best Judges therefore decidedly of opinion
that supposng the southern and western States to
submit to the present tariff remaining permanent
by the way altogether improbable the object for which
is imposed would most certainly be defeated will mel
Their answer the purpose question Of revenue,
protection to manufactures in competition with the old
settled countries Of Europe The payment of the import
duties hard cash when the goods entered at the
Custom House, is concluded very nationally will have
considerable influence in preventing consgnmsnts
speculation.
The immediate effect in England is temporary check
upon exports this country until the business has found
its new channels.
The whole quantity of manufactured goods sent from
this port the United States by all the shipping houses
together given period this year, does not equal the
quantity sent by single first rate shipping house in
similar period but of prosperity In this state OF
things what are called transient ships get no freight,
while even the packet ships get little The large
and splendid packet ship Roscus which sailed on Thurs
day Tor New York, had considerably under Eloo Oh
freight the smallest sum- indeed with exception,
since the liners were established in Ithe year 1878.
appears that crack packet ship in the busy season
Of the year. gets $500 freight In order to understand
,hcgreat falling off this business will give the fol-
lowing items Of three packet ships in 1880, which were
lost in a gale