The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1843-10-10

JAMES G BENNETT, ESQ.,
SR.--
When last wrote you the subject OF our
banks, informed you that the people were getting
extremely shy of the Union Bank notes. This
state of feeling continues TO exist since 1t is
tanned that no arrangements can be made with the
house of Barring, Brother az Co. without a special
law being passed by our egisaule-whicb, rest as
sured will never be done, the legislature and 60
werner are determined TO put into liquidation all
banks which cannot promptly. pay their debts:
il is now generally know that this bank will not
be able pay the interest her bonds in February
next, much less that which will fall due next Au-
gust. AS 10 he post notes and bonds, amounting to
nearly S2,CO0,000 due in November 1874, It Is
firmly believed that fraction of II will never be
pal1. TIE consequence will be, that under late
law passed by the legislature. she must go into the
hands OF commits toners for liquidation, and doubt
less it Is The best plan for parties interested
There IL party here who put in Mr. Frey, the
cashier, and loaned him eah,y thousand dollars 20
accept the Office, (and at salary Of eight thousand
dollars per anbum, one hall OF which Will probably
be lost who wish the'bank to go on in order that
anothe swarm OF high saliried officers, directors
and their TRENDS may have chance to extract the
ttle honey that Is lett and at the end OF another
decade, leave the shell Tor the poor stockholders and
Stnte to lament over.
D. after day new developments are being made,
and have long foretold you, don't bellev, that
In 1916, when Joha Tyler will go out of office,
there will be three solvent banks remaining IN this
city out ut the sixteen, which once occupied mag
mice buildings, now crumbllng to dust, or turned
into brokers' gambling shops. Travellers need
go on farther tban New Orleans to study ancient
reuaius OF temples, and stately columns OF every
order, from The plain DOric 10 the rich Cornhen
The Canal Bank Castle is about TO be pulled
down, and the costly materials will he put into
plain irpub an stores. Oher bank castles will
probably give place to more useful buildings, and
swarm oil Idle drones, who have long been iarten-
Ing on the money OF The stockholders, will have TO
go TO Texas or starve, as they are so well known
that they could not get the situation OF street
cleaner, II they were 10 apply for 1t. The feeling
on this subject strongly shown by the editor OF
the Republican, Tyler paper, who declares pub
licy, that il James w. Breedlove, eX-Preside ut
OF the notorious Atchaialaya Bank. and Mr.
Woodruff, should be honored with Offices in this
community by John Tyler. that they will forthwith
haul down the hig which floats so msjestlcaly at
| the head OF their paper. 0 tempora . mores
The yellow fever Is rather Oh the increase, and
would not advise our friends at the North to come
in before the first or middle of November. But as
soon as the BUSINESS season sets H. 1t VIII be BRISK,
and Will yield fair profit to those who operate IN
cages at ten per cent per annum. This city IS evil
IDENTITY going ahead, notwithstanding financlers, and
will become next IN importance to New York 1t
is only necessary to read the valuable articles on
the trade and prospects of The Mississippi Valley,
published in the National lntellgencer, TO be con-
WINGED OF this fact
Cotton and produce are arriving in large quantl-
ties every day, and meet with brisk sales. 1t Is
believed that immense trade will be done here,
for cash, the coming season. Kite flying is now
entirely out of Inc question Il. G.