The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1849-12-20

HE MORRIS STATE BANK INDICTMENTS IN NRw
JERsEY.-We give in our columns to-day some
very interesting correspondence from Morristown,
New Jersey, disclosing some further proceedings
in the famous and atrocious Developments grow
ing out of the explosion of the State Bank of that
worthy neighborhood in cur sister State. The
facts disclosed, developing the mode Of setting
bank in motion, of swearing to certain amount of
cash, and of escaping the meshes Of the law are
quite interesting to the world at large, and to the
population ofthe State prison at Sing Sing IN par
ticular. 1t seems, from our correspondents
information, that checks, never to be paid,
and Susquehannah Bank bills are consider
ed cash in New Jersey, and are sworn to as
such. According to the rigid rules of morality
and of right and wrong, such items and such arti-
Giles would hardly be considered hard money or
solid cash in California. 1t would seem from this
that the people of New Jersey have much easier
consciences, more India rubber in their principles
Of morality, than there the other side Of
the Rocky mountains.
II appears from this information, -also, that the
Judge of the court question, IN Morristown, exh-
bits strong traits Of frmness and drectness of pur-
pose, highly credltabe to his reputation public
functionary. He refused some of the demands of
The defendants, highly respectable criminals, and re-
erred them to the higher court to make their mo-
| tons. The business, therefore, begins to be COM
pllcated, curious and interesting to the people of
New Jersey, and particularly to Wall street. We
trust and hope there is frmaess and integrity in
the courts, judges and juries of New Jersey, to do
justice to all those parties, and to aid in putting a
stop those arocious and rascaly bubbles, called
banks and insurance companies, which are palmed
on our unsuspecting and thoughtess communities.
Such bubbles, when they explode, exhibit their
ramfcations with similar humbugs and bubbles IN
different parts of the country, the connection be-
tween the directors and managers of various inan-
cal associations conducted on similar PRINCIPLES,
and the extent of their operations on the people IN
various States
When the next process in these financial pro-
ceedlngs takes place before any of the courts of
New Jersey, we shall take to have reporter
on the spot, and have full reports made Of the deve
lopements that may ensue.
| APPROACH OF THE NEW BRITISH MINIsrER.-DF-
FIcULTY AHEAD.-The last accounts from England
! in relation to the temper and tone of the British
government on Nlcaraguan affairs, begins to make
sensible people pause, and think, and deliberate
The new minister, Sir Henry Bulwer, has arrived
at Bermuda, and will soon be in Washington
Some think that his selection was most fortunate
for the favorable settlement OF this complicated
snarl into which Mr.. Clayton has got with Mica
ragua and England We doubt very much whe-
ther the solution of this difficulty will be easy in
the hands of such dipomatist as Sir Henry
Bulwer.
What is his history, what are his antecedents,
what is his character, and what are the prospects
Nothing very favorable for peaceable solution of
this Nicaraguan difficulty. He is a poteg6 and
toady Of Lord Palmerston, who is belgerent on
the Nicaragua business, and whose views have
not been represented by the London Times, but
came to us by the last arrival, through various
| channels The stake at issue in the solution of
the Nicaragua difficulty involves the commerce of
the whole world, which is about to be revolu.
tonized by the new routes opening to the Pacific
| in that quarter. 1t is stake Of greater and
mighher import than any that has been presented
TO the commercial world within the last three CEN
turies, or since the discovery of the American
continent The rise Of California, the growth Of
the United States in that quarter, and the trade
already sprung up with 1t, have astonished the
British people, the British merchants, and the Bril-
fish government; and we are perfectly persuaded
that Sir Henry Bulwer comes to us full of the Pc
culiar notions of Lord Palmerston and the British
monopollsts of London, on the subject
But this is not all. Sir Henry Bulwer has been
nearly twenty years In diplomatic life, and yet he
is perfect martinez in his way-quarrelsome, In
triguing, overbearing, and valn His conduct,
when minister to Spain, was so disagreeable to
that government, that they had to dismiss him from
that country, and venture on doing 30 in the face
Of British pswer. We think Mr.. Clayton will
have his hands full, and that not all his small beer
in the State of Delaware will get him out Of the
difficulty which he has got into.
A FUNNY COURT MARITAL or, Much Apo ABOUT
NoImNo.-By referring to another column, the
reader Will find condensed account Of the pro
ceedpgs Of session Of court martial held on
Captain French, on Tuesday evening last. Our
reporter has furnished us with report in ertenso,
amounting to three OF four colums-the publication
of which, il we had room for it, would certainly
make the parties concerned look exceedingly
iunny but it would be wholly devoid Of interest or
Instruction for the public. 1t IL, in truth, about
he greatest farce we have seen for many day-a
most ludlcrous, laugher-moving attempt to make
little things look bg-to magnify mole hills Into
mountains. The frog in the table, which swelled
itself to bursting, is but faint image Of "the
pomp and circumstance Of war" with which this
small case has been invested by the in this
seriocom drama. The first evenings proceed
,ngs, with all the mock soemnities Of the occa-
son. remind one Of the couplet -
1The King Of France With twenty Thousand men,
Marched up the hill, and then marched down again"
The second act Of the farce, on Tuesday night,
was still more funny. We presume the third and
L. - he tcha cf attn