The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1844-03-14

M. M. NOAH AND THE PLAINFIELD BANK.-lt may
be news to some of readers to be informed that
Mordeca M. Noah, after wsnde ring round the world
Of politics and morals for quarter OF century after
adopting and shutting off creeds as he would his old
clothes. has at last sunk down into petty pennya-
liner-a small paragraph pufier to Moses Y. Beach
and the Plainfied Bank, Yet it is Noah
works very hard to induce the good people Of this
city and country at large to take the shinpasters Of
that concern, issued by the same agency which
formerly attempted to issue the broke Jacksonville
And as one Of the inducements they make great
parade of the churches, schools and stores and va
rious other things in Planfeld as they call it, This
is very ridiculous thing. How comes it, if this
is such monstrous place, that it does not exist at
all in the United States census! Why does not its
bank do Its business at home instead OF sending It's
money to an agency in New York, to force 1t of
upon the public and shave the community!
But this is not the question at issue. Ought the
community to have any confidence in the issues OF
a bank by an agent who attempted to force upon
them the Jacksonville currency of Florida? Ia
there not prina facie evidence that something is
wrong when the Legislature of New Jersey takes
up the subject and directs the Governor TO appoint
three Commissioners to examine it
All the charges which Noah can briHg against us
all the old iasehoods about black mail which that
miserable old drlveer can rake up, amount to
nothing. We are but doing our duty TO the public.
We were discharging that duty when we warned
the public against the issues of the Jacksonville; and
we but do our duty to the public when we warn
them against the issues and the management Of the
Plainfed Bank And all the personalities and vul'
garles that Noah may put together at a penny-a-
doh rufV IN
public
| In the mean time we annex the following letter
from member of the Legislature at Trenton, to a
gentle man in this city, by which it will be seen that
the resolutions directing an examination have now
passed both houses of the Legislature of New Jer-
sey, and that the duty devolves the Governor to
appoint three persons to examine the concern.
TRENTON, March r. 1874.
| The concurrent resolution which passed in cOun-
ell some DAYS ago, was sent down to us this morn
fng, and was unanimously concurred IN by the
| House of Assembly The resolution reads thus
Whereas at the last session of the Legislature of this
State all the charters Incorporating banks which had not
gone into operation repealed except the Pained
Bank and the Patterson Bank And whereas the said
Pain6ed Bank has, under its charter gone into opera
ton and whereas the officers Of the said Painheld Bank
are desirous that there should be investigation Of the
of dsposng Of its stock, as also the manner oil
conducting its affairs, also its s0uniness-
Therefore Resolved the House of Assembly concur
ring that the Governor Of this state De authorised and al
0nes to examine into the present condition OF the RAM
field Bank, also the manner of dposing Of its stock and
the of its organization And for this purpose the
said commissioners be empowered to send for persons and
papers, and to examine the officers OF said bank on oath or
affirmation and also other persons and the said commits
soners report to the Governor, with all convenient
speed and if the said commissioners shall fnd on due ex
animation that the said bank is insovent or fraudulent
institution not legally put in operation, the said 60
be authorised and instructed to cause an nunc
ton to issue against the same
Thus have given, in full, the resolution which
has passed both Houses OF the Legislature. The
day has been fixed on which to adjourn, which is
| Thursday next.
1t would appear by these resolutions that the
Bank desired investgation-but it is not so in fact.
After the motion was originally made in the Coun-
Gil to repeal the charter, because bank was not
needed in Plainfield. the managers of the concern
made virtue OF necessity, came forward and pre-
tended to court an investigation. Well, they have
now got one-and if the Governor of New Jersey
should appoint three Commissioners Of high char
acter and beyond the reach of improper influences
we have little doubt but they will advise the issue
of an injunction at once. No confidence can eve
be reposed in an institution which is in the hands
of the same agency that galvanized and killed of
the Jacksonville Bank within the compass of few
weeks The bad reputation of such a connection
will only injure the other good banks of New Jer
sey-and the good currency of the other banks is
suffering from the association with the Jackson
vile linancier.
In the meantime, we would advise the public t.
get rid of this Painfeld currency as long as thu
agency redeems it at the Sun office, New York
Nearly $4,000 have already been returned, an,
we trust that all such money in circulation, eithe
here or in the eastern States, may be returned a
II 10 cafe A bird in md
worth two in the bush. New York can furnish
good enough currency for the people of New York
and New England for New England. Until New
Jersey purges herself of all doubtful connections
stand of-take care-beware. A stitch in time
saves nine
SHIP NEws.-We beat the other New York pa
pers almost daily IN reporting arrivals at this port
We refer to this fact occasionally for the purpose
of showing to the merchants of this and other
cities where they find the most enterprise fol
obtaining news. Yesterday morning we exclusively
published the following
ARRIVED NEw YonK MARCH II.
Ship Edward from New Orleans.
| Ship Favius, from Charleston.
Brig Eugene. from Porto Rico.
| Brig Joseph, from st Thomas.
Brig Acton, from Mobile.
Brig Republic, from Mobile.
Brig Captain John, from New Orleans.
| Brig Catharine, from New Orleans.
| Schr Mary Elizabeth from Havana.
Not one of these is to be found in the Courier
Journal of Commerce, or any of the Wall stree
papers. To-day they will copy them from tn
New York Herald
New York Town Elections.
lS4f lsi3.
Dem. Wing. Dem Viii
so far ......... l7s l5o 2l9 II
. Dem. majority. % l0l
%