The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1844-03-16

| IL
''destructive" "vandal "-''gothic'' atIocious'
and every other terrible epithet in the language
In this city, the game Of denunciation seems t.
have commenced in earnest amongst the wings Al
usual, the Fourier section Of the party is most win
dictive and most violent, and because we simply
stated what one of thsir own correspondents had
namely, the strong probability that the new tariff
would pass both Houses of Congress-this organ
which picks up its morals from an infdel French
man, and its language at the Five Points, called u.
fabricator," and other terms of reproach =
This is all to be expected from set Of men who
deliberately go to work to subvert Christianity by
their ridiculous new social systems, and to destroy
all morals by introducing the atrocious principles Of
degraded French philosopher.
| Blu, one of the most curious aspects in the
controversy, is presented by the conduct of those
journals in Wall street, which are supported chiefly
by the commercial interests OF this city They come
out as violently against this new moderate and en-
lightened tariff BILL as the ercest ultra of the Fou-
section 1t Isl most singular spectacle certainly,
to see the merchants OF New York who SO deep
ly interested in some modification of the tariff, so
misrepresented by the Courier 8. Enquirer, when
1t comes out and denounces the proposed measure,
which would do so much to relieve them. We
may say the same of the Erpress and the american
all journals protesting to be the peculiar organs of
the commercial interests of New York. The vio-
ience with which they assail the new Tariff
could not be exceeded if 1t were a monster-some
anaconda about to be introduced into their very
midst, and destined to swallow up the whole COM
mercial community. And all this, too, when on
every hand sensible and practical men of all creeds
in politics. extol the moderation, the proprety and
the justice of the measure.
This is certainly very singular, a most contra
dictory position in which we find the commercial
press Of New York. Why is it 500 The explana-
ton is very easy. The reason simply is because
these editors and journalists more under he in
huence of bankrupt set of ultra politicians and
miserable office-seekers, who hang about them,
than they are of the wise counscls of the honest
and solvent portion of the community which sup
ports those journals We thus see that the COM
mercia interests of the city entirely misrepre
sented on this important question
1t is absolutely necessary, therefore, that
some great movement should take place, by
which the real sentiments of the commercial
community may be known throughout the coun-
try, and to Congress- The voice of the mer-
camille community should have utterance, indepen-
dent Of the miserable hole -and -corner secret in
fuence of these bankrupt ultra politicians. Let
have the sentiments of the merchants from their
own lips, and not from corrupt, corrupting and
ignorant journalists that affect to represent them
The following is an extract from private letter
from the Hon. Levi Woodbury. to gentleman in
this city,
WASHINGTON, March Is, 1874.
The friends OF a moderate Tariff, of Tariff for
rova oil Of for al rfio
the great interests of the country, and to all Anne
rlcan labor as we'll as American capital, want
change In the existing laws.
The proposed change by the bill reported in the
House of Representatives, though all the friends
of free trade desire, will be highly favorable to the
revenue, and to commerce and agriculture; and at
the same time will give strong assurance of fair,
permanent. and useful incidental protection to man.
ufacturers.
Let all classes then unite in private and public ef
forts to secure its adoption. Success in effecting
that will take this delicate and momentous subject
out of the control of party. and render national
dependent Of all party fluctuations.
such Tariff as that proposed. once established
facturer can look far ahead in their operations
with cOnfidence-can be steady in their pursuits
and calculations, and can make all their various
kinds of business assume character less specula-
tive and hazardous
The commercial interests, especially, should not
let slip so golden an opportunity, by public meeting
and public memorials to Congress-to urge the al
terations contemplated-and if they are once esa-
bllshed, probably quarter of century will elapse
before any other alterations occur except such mo-
difcatons within thirty and twenty-five per cent, as
the revenue OF the government NAV render proper
BY taxing some OF the free articles if more
is wanted-or by making more free if less revenue
IS wanted.
What is now chiefly needed is action-we have
had talk enough-glve us deeds
SHINPLAsTER FINANCE.-A very interesting case
is the calendar of one of the civil courts which
on its trial, If not otherwise settled, will make
some curious revelation in the system of shinplas.
ter finance and "the better currency" 1t is we
believe suit brought by gentleman named Col
Inns against Moses Y. Beach, Esq, for note of
$1,000, in purchase into the late Monmouth Bank
of New Jersey.
The circumstances of the case are these the
Monmouth Bank of New Jersey was got up by ]
II. Earle, Esq, and gentleman by the name of
Collins, both very respectable men. Some little
time after the bank commenced operations, M. Y
Beach. Esqr., having previously seduced and
procured the abortion of the Jacksonville
Bank, bought out Mr. Earle and became part
ner with Mr. Collins. In short time after, he
(Beach) bought out Collins, giving him (Collins)
$4,000 in cash and his (Beach's) note for
$1,000. Immediately after this last purchase, Mr..
Beach and his agents issued large amount-said
to be S2O,OO0 or S25OoO of the bills of the bank.
In consequence of Beach's operations and bad
name, petition was presented to the Legislature
of New Jersey, for repeal of this bank, very
after the issue of the above bills, and the charter
was taken away by the Legislature before the note
Beach gave Collins came TO maturity, which he
refused to pay after it fell due. Beach and Collins
are still at issue on this note and the suit will soon
come up in one Of our civil courts in relation to it.,
and rich scene will be the consequence.
Now it will be seen that it is very similar ope.
ration which was about being performed on the
Plainiield Bank, but for our timely notice to the
public, to send in its bills for redemption In the
case OF the Jacksonville Bank, which Beach man.
aged, we warned the public to beware--and only
a small amount OF its issues were out when il broke