The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1849-12-16

SHISPLAsTER FINANcrERINo We give, to-day,
in our correspondence from Montrose, Pennsylva-
MIA, and from Morristown, New Jersey, some fur
ther intelligence respecting the condition and pro-
gress Of the Susquehannah Bank, in the former
State, and Of the State Bank at Morris, In the
latter.
Our correspondent at Montrose discloses, very
clearly. the process by which large patches Of Sus
quehannah Bank bills attained n circulation
in distant parts of the country, and credit far be-
yond their real mer, or value. Two special con-
tracts for the circulation Of the bills, are gwen,
and the process OF flooding the country with them
fully explained. Our intelligence from MonIstown,
relative TO the State Bank there, ia confined more
TO the movements and destiny Of the imprisoned
president, l.. Norton, than 10 giving any disclosure
concerning the condition prospects Of that con-
Germ. II seems that Norton, the ex-president, Is
s, in prison. unable 10 find bail, and that his trial
will not probably come on until February next.
Whatever may be the fate of the worthy ex.presi-
dent, on that trial, the disclosures which must
come forth, through the evidence and the wit
nesses, of the management Of the bank, must be
interesting to the community
These two bank failures have undoubtedly pro-
duced a great deal Of trouble and distress TO
their shin-2laster have been circulated But
there are other features connected with these
banks, which must arrest the attention Of the
public We hope it will warn the people to avoid
all such fnanciers. On looking over the list Of
directors Of these two different banks, we find
several Of them to consist OF the same persons who
figure somewhat largely in the direction OF GER
tain Insurance Companies, sull possessing name
and locality in Wall street. and elsewhere IN diff.
ferent parts q the country. We have in our pos
session three or four very beautifully printed bro
chwss, some with pink, some with blue, and some
with pretty yellow covers, giving an account Of
certain Insurance Companies located by their
agencies in Wall street, but possessing charters
from the adjoining States. In these Insurance
Companies we find that several OF the same men
aud inanCiers who have figured IN the broken
State Bank at Morris, ALEC figure IN the direc-
tiUn of these Companies. THIS identity between
the directors Of the state Bank ut Morris, an1
some Of the dire ctors Of the New England
! Lave stock Insurance Company, the Protection
/ Insurance Company, and othefs, has been noticed
~ our core spOudence, aud the names OF Lambert
I Norton, David SandersoD, and Willard Earle, are
/ some of those that are mentioned as beng IN the
management oi some II those affiliated concerns,
| al a. 9 and the SEINE time. Think OF that.
! few days ago p person by the name Of Alfred
! Edwards, published card IN the 1fibpns, full Of
Indignant virtue against any luiputslol, or any
| euspCIon, connected with the Live stock concern
| Of which he Is the agent THIS may be all very
| correct. very true, aud very pious; but when we
see en- identity IN the names Of the directors OF
such concerns, the fact ought 10 be known to the
public, in order that they may take their course
accordingly This Is all that we have sald, aad
all that we mean 10 say. Thesmystery OF these
concerns is only gradually being developed, and
much more has 10 come out a. the proper time, zen
the trial OF Morton, the President, at MorrIstown,
m February next. Ia the meantime, we shall, at
our leisure, look over those beautiful pink, blue
and orange brOchurss, containing the plans and
prosrectuses of all those Insurance Companies,
sud their agencies at No " Wall street, and shall
eiye a review of their several literary, phosophi-
cal, and financial merits 10 the public, IN order
that their fame may be made known to the whole
world IN general, and to Wall street and Black.
Wells Island In particular.