The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1849-03-22

BANK EXCITEMENT AT ALBANY.-It seems that
here is a considerable bank excitement growing
,ut Of de velopements made in the matter of the
Canal Bank, just now breaking out at Albany. A |
short time back, Mr.. Olcott, the cashier, was |
red for frauds in connection with the bank, aud
we believe was acquitted. His trial, however,
brought out Developments showing the state of
morals Of the banking spectators, In a singular
manner. Just new another report on this subject
has appeared, emanating from the Legislature, in
session at Albany, which makes yet further de-
velspements, giving a beautiful statement Of the
morals which have prevailed In the interior of that
banking establishment. .-.......,. -....
One Of the funniest statements IN this affair is
the inventory Of property presented by Edwin
Croswell, one of the propretors Of the argus
newspaper. In that statement, it seems he has
been general dealer in all serts Of things, and an
owner of every thing which can be enumerated IN
the catalogue of speculations There are factory
stocks, lots, mortgages, taverns lands in the West
insurance company stocks, telegraph stock, State
stock, steam stock, &c, In short, all sorts of
things of this description are enumerated among
his property, amounting to $4,000. HIS debts are
of various kinds; $4,000 of which appear to be
due to Prosper M Wetmore, ex-Navy Agent of
this city. Some of his opponents are making
great deal of fuss about this statement, and hold
him up 10 the public indignation on account of it.
We rather think, however, that Mr.. Croswel Is
about as honest as nlne-tenths of the bankers and
brokers In this or any other State. The great
error which our contemporary committed was
that Of being concerned in other stock than that
of ne wspaper stock. Those persons who have too
many irons in the fire stand the chance OF
having some of them cooled, or of having the fire
60 out altogether. In matters of BUSINESS the
best plan always to concentrate ones ideas upon
one special and single occupation, and to exert all
ones energy and sal acty in carrying cut that OBJ
ject properly. If Mr.. Croswell of Albany, had
always stuck to his new spaper, without wishing to
get rich suddenly, he would have been at this day
a very respectable man, instead of being held up
to the world one of that tribe of mortals who are
estimated as bank rogues.
The Van Buren, party--the old friends of Mr..
Croswell-are out against HIM with great indigna-
ton for his banking transactions ; but we think
the Van Buren, party is fully as deep in the mire as
he is In the gutter, in that respect.
81
manifested among all partles in relation to the ap-
pointTents which are expected to be made here, in
few weeks or months, for Collector, Postmaster
Sub-Treasurer, Marshal, Naval Officer, and other
important officers In this district. The various
cllques among the wings are moving heaven and
earth, each for its own man.
According 10 the Developments made by previous
appointments, and the rule Of actlen eliminated,
which appears to regulate the cabinet in its selec-
tons, that rule is to give the appointments those
put forward by the ciques which have the greatest
influence IN Congress. Now, under this view of
things, we rather think the Seward clique of this
State and city, will have the most influence in these
selections, as that clique is probably the strongest
in Congress, or will be at the next session. The
candidate for Collector of this clique is said to be
James Bowen who the others may be, we have
not heard as yet.
GENERAL SAM HoUsToN.-The correspondent of
the New York Express states I" that Senator
Houston had gone of, and lief, Senator Rusk to
battle, siDglehanded, for Texas, in the debate on
the protocol" Senator Houston was under an at
tachrient to testify in a court in Texas, and was
compelled to leave and he knew very well that
his colleague, Senator Rusk, even single handed.
was equal to any emergency that might arse
touching the interests of Texas. The two Texan
Senators have preserved the responsibility of the
Senate, and have done more than any other two
Senators to soften down and soothe the asperlties
and bitterness of sectional and party spirit in the
councils Of the nation. Apropos-Gen. Houston's
famous address to the South, in reply to Mr. Cal
houn, is capital paper, and should be published,
We shall find room for 1t az soon as possible.
FALSE News FROM CALIFORNIA. newspa.
pers all round the country are full of false inte.
gence, false letters and false news, purporting to
come from California. Accounts have been given
% the 10th of January, when 1t is well known that
the latest intelligence from San Francisco and
those quarters Is only brought down to the 23d of
December. Various attempts have been made to
hoax the public with pretended California news
The first we remember was by letters from Louis.
VILE, in Kentucky, one of which came to us, pur
porting to be later intelligence, which was nothing
but the mere manufacture of some blockhead out
West.
FROM VKNEzUELA.-We understand, from pri
vats letters received from Maracalbo, by mercan.
tile houses in this city, dated In the latter end of
January, that peace and quletness had once more
been restored In that city. Paezs forces (the In
surgents) had left the place some time since, and
as the action between them and MonagasY (po-
vernment troops) at the mouth of the river Julia.
up the lake, had been decisive in favor of Mo-
nagas, it was anticipated and hoped that the Paez
party would hereafter keep easy.
There has been law made within the last year.
IN the republic OF New Granada, which the other
South American republics would do well t6make
also /; 1t is to this efiect:-that the government
will not be responsible for any damage done to the
property Of foreign residents during political ey.
citements This law is seemingly a harsh one.
but as foreign residents generally are very fond Of
meddllng with the politics of thes. republics Il |
would prevent their being so ready to do so when
their property Is put in much Jeopardy as that o,
the natives whom they lnclte to revolution.