The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1849-12-01

The INDICTMENT AT NoRRIsTowK-BUBBLx
BANKS. rrc.-We give additional information,
elsewhere in our columns, relative to the late
State Bank ofNew Jersey, located at Mornstown,
contained in a letter from Z. T. Thompson, the
late acting Cashier of that concern; also an ex-
tract from the Morristoicn Banner, confirming the
indictment and arrest of l.. Norton, the President,
and stating that his trial, for perjury, will take
place on the 18th of this month. singular com
c,dence Is, that the trial of his son, VIM. Norton,
a lawyer of this city, indicted for libel, Is set
down, much about the same time, IN our criminal
courts. Thus, while the elder Norton has been
contributing his talents towards the currency of
the country, the younger Norton, his SOD, has
been contributor to its literature.
We much fear that the SusquehannHh Bank at
Montrose, and the State Bank at Merristown, are
not the only concerns that have play ed FRANKS upon
the community. We hear Of NAVY other banks ia a
similar condition, and managed by similar finan-
ciers. There are, also, whole patches of insurance
companies, among whose lists Of directors we find
the same l.. Norton, and some of his associates.
In looking over the prospectuses and cards OF the
following companies, whose agencies are at ~
Wall street, the same Lambert Norton, indicted
and imprisoned in New Jersey, is recorded at full
length, as one of the wise of the directors.
The following is list of such companies
New EsoLAsD LIVE sIecK Insurance COMPANY, Nrw
HAyES.-Agsncy ~ Wall street.
PRoTEcTIoN Insurance COMPANY OF SoNERviLLE, ". J.
Agency " W all street.
STATE BANK AT MoRnIs, N.J.-Agency ~ Wall street
OF these insurance companies little i, known,
except that they ready to receive premiums
from all who will pay, but by no means ready
to pay up their losses with promptitude and de-
spatch. The fact that l.. Norton has been direc-
tor there is not positively wrong-but it may rea-
sonably excite suspicion, when we see how some
of the same men are connected with the
recent banks in Morrlstown and Montrose. Nor
ton has been indicted in New Jersey Tor
swearing to the existence of vertable assets in
the State Bank, when no such assets existed. We
should like to know what is the character of the
assets Of these insurance cUmpon,ee, and shall give
directions to our agent, at Albany, to procure an
attested copy from the Comptrolers office at Al
bany. The public ought TO know.
When the trial of Norton, at Morristown, comes
up the 18th inst, we shall send a reporter there
Some farther curious disclosures of the system by
which the community is cheated may then be ex-
pected-d disclosures throwing light on other con-
Germs, that yet possess some confidence with the
public, that they do not merit Thus far, the crmi-
nal authorities of New Jersey deserve much credit
for their prompude to protect the public interests,
and to punish some OF these unprincpled fnanciers.
In the fragrant swindle Of the Pan6eld Bank, they
were ou-wit,ed and out-generalled; but they seem
resolved, of late, TO make up for lost time, and
particularly so in their proceedings on the State
Bank explosion Let justice be done, though the
blue sky should cave in