The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1851-06-29

These are some lessons to be derived from the
late proceedings, and no doubt there apt pupils
who will "better the instruction"
In the first place, the public ought to take good
cie in what banks they invest their money, or
at notes they take in payment Of debt.
Secondly, taught that piety, wealth, and
responsibility, combined, sometimes moro than
a match for law, justice, and State prosecutors
and tina. when banking and financial operations
TO be carried upon large scale the best prelude
to successful plot and thrilling deao~enera, is
very &evout looks at prayer meeting, most assidu
ous teaching at Sabbath schecl, and eyes turned
up to heaven, with all the sazctity Of Aminasab
Sleek. Alas for poor Harvey Dayton. he did not
pay sufficient attention to these things.
Thirdly-A web Of rascality may be woven with
such skill that \ defes the ingenuity Of lawyers to
unravel it. bank may be insolvent and have is
sued 100000 Of IT'S notes, without $4,000 to pay
them; and still the directors may know nothing
about it, while the public betrayed and victim
iced-a warning this in future, to all really hsnest
men, to have nothing to do with the direction of
! banks which they de not exercise drsct and
constant control
| Fourthly-The crafty are sometimes caught in
their net and, the Joe is new broken, &nda
conviction obtained for bank swnSiing, other ope-
rators ha We reason to beware how they triae with
outraged community, for juries, now and then
| like that which convicted Harvey Dayton will be
found fr,2 enough to de their duty to God and
their county. 1t is to be hoped that those 20
rious offenders who have hitherto laughed at the
law, will be brought to justice, particularly the
swindlers of the bank in Maryland, who are en-
sconced in this locality, and ought to be immeSi-
stey indicted by the Graz | Jury Of the county
where the offence was conm.sGed. Though the re-
salt of the second trial at Morristown most
"lame and impotent conclusion" following the
first, both trials imports ant, for the principles
of law laid down and admitted by the presiding
Judge, and for the legal opinion of the Supreme
Court Of New Jersey, cited BY the prosecutor, show
ing chat swearing wilfully false affidavit is corrupt
perjury, and that the swindling Of a bank by its
officers directors, is crime both at common law
and by the statute of New Jersey. Let the fnan-
cers look out for breakers ahead
In conclusion, we would suggest remedy, which,
though it might not be always efe ctual, would pre-
vent much evil to the community. Bank inspectors
of high honor integrity, and keen as razors-
ought to be appointed in each State, whose bust
should be to visit all banks such uncertain
times TO take them by surprise, and examine
infinitely the books and funds Of each concern, and
according to law, if found to be playing swindling
game upon the public. Something of this sort
seems necessary for the etfectual protection
of the people. In the meantime, let the legal
means we already possess be put vigorously into
action, and vast amount of good may be achieved.
THE APPROACHING FOURTH OF JUlY.-Announce-
ments are made in every part Of the country, which
promise unusual degree Of enterprise in the
celebration of the coming Fourth of July. Mr..
Webster will deliver grafton on that day at
Washington, when the corner stone for the new
buildings for the enlarge mcnt Of the Capitol will be
laid-the practical illustration of compromise mea-
sures in architecture The probability is that Mr..
Websters mind will draw some liken sss between
the proposed improvements and the condition and
prospects Of the country II will be great event
in the history of MIR Webster's career and no one
can tell what may be the result Of Of his most
powerful orations occasion that will afford
scope for his brilliant rhet orcal and oratorca
power.
Besides many local and municipal festivities
on the recurrence of great political Sabbath,
there will be interest in certain districts, from
the presence Of our Canadian neghbors, whe, in
large numbers-partcularly of those who have been
in favor Of annexation-will over to this side
70 see what the + ourth OF July really Is, ana now
political freedom looks its great festival day.
when all classes join in the great anniversary, with
willing hearts, and with hopes for its perpctuty
through all time.
THE WESTERN LETTER MAIL.-We were shown,
yesterday letter received by gentleman Of this
city, which had been nnety-six days On the rout-
from Quincy, Illinois, to this city. The letter
postmarked Feb. 49, and arrived at the post Office
in this city the 18th Of June. This is certainly
bad show for Postmas ter General Halls mail ar
rangements, and 1t is no wonder that constant
plants are made Of the loss of letters which do not
reach their destination in regular time. The time
necessary FOR a mail from Quincy to New York Is
Eve days; but in the case here alluded to, 1t re-
quired more than nineteen times the necessary time
IL would be well for the Postmaster General to
look into the matter, and see where the fault lies
II requires but about thirtytwo days to transport