The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1849-11-12

THE RECENT BANK FxPLosIoNs-WHo HAS THE
MONEY Ain the money market article IN this days
paper, and also in our advertising columns yester-
day, will be found some further developements
concerning the supendous bank frauds which have
recently been perperra,ed at Morris, New Jer-
sey, and at Montrose, Pennsylv ania, on the inno-
cent public, by set of Anaves and swindlers, some
where or other-if they can only be discovered
and found out
Not since the memorable years 1886 and 1897,
have the cellars Of Wall street, the small financiers
and brokers throughout the neighborhood, or the
public generally, been so much agitated, as they
have been within few days, by the failure of the
Susquehannsh County Bank, and that of the State
Bank of Morris In fact, slcce those years we
have had bank explosions of any magnitude,
except that Of the celebrated Piainfeld Bank, and
lis s,s,ers. oh, lar a. It's operations extended,
deserves TO be placed in the same category with
the Susquehanrah County Bank and the State Bank
OF Morris. Those Developments and cards and
stat, ments wall be read with great deal of inte-
rest, aud " III give the public some insight into the
manner in which they ate swinded by banking in
situations, which are established, il would seem.
for the express purpose Of deiraudng the commu-
nifty, by exploding and bursting in pieces, when az
many issues Of their paper be got rid OF, are
in circulation.
There Is one feature connected with those de-
yelop,nents which ctnnot but strike the reader
with surprise. Ii the slstemenis made by the seve-
ral parties are to be cicdi,d, il would appear that
the unfortunate etockhoide,s nave been swlndled
that the poor directors have been swindled-that
the much-io-bt i'ied residents aud casbiers have
been swindlcd-thu lhe reds eming agents Ia Wall
slrcet have been swincledund, also, that The poor
cobfding public have bt,n egteg,ously swlndltd;
and yet no knows where the Iuouey goes to,
who are the parties dat have received the thoa-
sands aud tens Of thousands of dollars IT which
they have been conformity .windlcd Where has
all the money gone to ! Is question which i, ap-
peais no one answer satisfactorily One thing
is certain, end laatis-ihe pubic have been cheated
out Of it. They certainly have Hotgot il; that is po-
sliiye and unutnisb'c Wei, ne poor and much
abused presidents ray they have not got It ; the
equally innocent tnd much abused directors say
they have not got --lhat, ia taos, they have been
swindltd themselves. And 60 Say the stockh,ld-
ere, ard so cay all. Bot VINO has the money! IL
must be- somewhere but where thai is IL we cree
dit Whist the stuctho,d,fs. directors aad pres-
dents cay, Il is difficult 10 tel. We can't answer
but we keep up a deul of a thinking on the SUD-
jet.
Now, IL all those Developments, and cards, and
statements, and explanations are to be believed,
there Is only one conclusion which the public
can come TO, as to who has these y.st sum, of
mosey, Of which the community has been defraud-
cd. That conclusion IL, that the Old Boy IN black
he with the cloyen-ioot aud borns--the same re-
spectacle inancler who once on 4 tine entered tho
Garden ct Eden ard specialized upon and cheated
and delrsudtd poor hunanity-has been At the bot
tom of those Institutions. and after cheating aud
swindlins the public and the much abused stock
holders, directors, pre- dents, and cashiers, walked
away with the carh under one arm and his tail
utdcr the other. leaving his poor innocent dupes to
speculate NJ their leisure ON the strange and un,c-
couniable disappearance 1T the funds. II tns con-
cusion is the right one. then indeed ihe poer
directors, stockholders, Well street agents, pres-
dents, and cashiers, have been much abused ind
ere indeed innocent suiierers. aud ihe public may
whistle for their money. We do not know, how
ever, but that they may do go, whether Il Is the
night toluuon Ct this disnull qusetion, not.
DErApfrrE or Me oussiS.--Mr. w. r pous-
sin, late French Minister, lcf this city, on satur-
day last, Ia the packet -hip Bavaria. for France
II " understood that he goes 10 receive an APP