The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1844-02-26
The Broken nIonied Companies.


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The Broken Monied Companies.
The deep interest excited in regard to the Com
mercial Bank and the Trust Company, including
other failures, does not surprize us. Our table Is
covered with communications and developments,
and more is promised If this continues We should
know more about the secrets of these institutions
that may be quite agreeable to publish. Some of
our correspondents volunteer names, dates, with
the facts. These are strong terms, but the whole
truth must come out, and there is no use of min
cling matters. Our papers will be filled with expla-
nations Let every actor define his position.
The Commercial Bank had capital of $500 600 is it all
gone II so how where who has go. III The assets
amount to nothing The debtors OF the bank bought in
these debts saes sub and Of them
snapped his fingers to and said He I'D not care for
under color of law It strikes me il is very like it. We
cannot exist commercial people if these things are
permitted We must have explanations, Mr. Editor and
the the better By the Vaccinations Of these
called bankers, am reduced to poverty with my family;
my husband left me independent but now am compelled
work hard for my daily bread This is no felton, you
shall have names and dates by and bye. b.
There hundreds of mechanics and artists and poor
widows York reduced to poverty by the dsemJov.
cling OF the Commercial Bank 1t had capital of $780,
0o0 it ALL all gone The assets consists Of notes
carmen porters clerks and Others boys under age
&c How is all this The amount Of the assets would
not pay for dinner of Office seeker at Washington.
The unfortunate losers begging and praying for nves
tgation The Grand Jury shosd enquire arebound
do Let meeting Of the sufferers be called and nor
nation obtained, who has got the tmoney-let know
that and we say we will know.
Can you tell me how many dollars the bank fund" lost
by the failure OF the Commercial Bank Can you tell
whether the Woodworking. honest shoemaker IN Broad
way whe had deposited his earnings for saekeeping in
the bank, got pad When you have done this,
have more questions ask of nteres, to the
public. MECHANIC.
Thus far to-day. In relation to Mr. Postmaster
Graham's promised expose we understand that he is
in somewhat OF dilemma as to the shape it is
proper to give it. In this difficulty he called it is
sad upon Mr. Sanford for aid and counsel ''Oh,
MOI" replied Mr. SANFORD; 81 got none of the
spoiIs, and shall not have anything to do with the
explanations--let every tub stand upon its bot
tom" Right, Mr. Sanford, right. Stick to that.
The best way to get out Of dilemma is to tell the
whole TRUTH in all its length, breadth and thickness
JApHRr IN SEARCH OF A FATHKR-A COLONEL IN
SEARCH OF A LEGACY We perceive by the Cou
rier and Enquirer that our Colonel Webb has beer
wandering as far as Misunderstanding wbie
speeches, &c in that latitude. We suspect how
ever, that the gallant Colonel has gone south in
search OF a legacy OF $50 900. For year past he
has been trying hard to get such legacy in this
city from some rich mun-but SO far il has been no
60, whereat he has lost his temper In former ages
by authentic history, we have heard Of Don Qux.
otte going out in search Of enchanted damsels and
suffering Knights-also, of one Japhet, who wander
ed over the world in search of father; but doub
whether the adventures of these Knghts-errant eve
equailed, in romance, those of Colonel Webb il
search of legacy of $780, 900. Will not som,
generous rich man his death bed think of thu
gallant Colonel in his last will and testament ?
would be charity to do So Can't General Gaines
leave him legacy of $50 900, out OF his STE, 00O, 900
Oh do, good General.
The PLArNrIELp BANK CuRRENcY.-We agar
call the attention of the public to the statement o
the condition of the Painfield Bank, contained II
our money article. This report is taken from New
Jersey paper and it represents the Bank as having
S120, 900 in immediate liabilities, with not dolla
in specie to meet them. They have, as they say
SS4, 600 in specie funds-a very equivocal kind Of
value, as is well known. This is probably the rea-
son that bill has been introduced into the New
Jersey Legislature to repeal the charter The safest
way, however, is to avoid such a currency.
90 LEWIS c. LEVIN, Esq, of Philadelphia lathe
cry is now universal, shave you heard him ?-hap
you heard him?" And rich intellectual treat have
all had who have listened to his strains OF burning
eloquence. To-nigh, he lectures in the Broadwa,
Tabernacle, on which occasion he will unfold thu
objects of OConLell, and show the lncompatlbillty
Of Repeal with democratic principles.
CASE OF JOHN S. McIiIBBN.--We have "card'
from Mr.. McKibbn and also statement signed
by several boarders in his house, certifying tina,
since he took the benefit of the bankrupt law, he
has had no carriages horses and that the Of
his house is only $3.50. We have no desire to mis-
state any fact In connection with his name, and
therefore cheefully make the correction desired
UNITED STATES CIRCUIT CouRr.-This court
commences its criminal term to-day before Judge
Belts The mate Of the Oxford will be tried.
Mathews the pirate, will not be brought to trial
this term as it is found very announcement to pro-
cure the attendance of witnesses from Alexandra
and Newport The calendar is heavy one, but
there are few cases Of importance.
The ASHLEY CAsE.-Applicaton was made te
his Honor the Recorder, on Saturday, to admit
Ashley to bail A decision will, probably, be gver
this afternoon Chance doubtful