The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1851-06-23

eur two great staples, have improved slightly.
This will be gratifying intelligence to more
than one holder of cotton, for further decline
might, and in all probability would be disastrous
10 some who have been shivering for some time
past.
The Banking Sysindlss-The State Bank at
Morris.
In yesterdays Herald published exclusively
full report Of the trial Of Harvey Dayton, cashier
Of the State Bank at Morris, convicted Of wiful
and corrupt perjury in swearing that the bank had
bona tide cash capital of $4,000, for banking pur
poses, when he knew it had no such thing This
report, and also that which this day publish Of
the first days edings Of the trial Of the direc
tors of the same bank, exhibit an cunt Of chicl
sery, swindling, and fnanciering such as seldom
sees the day, but which is perpetrated in darkness
IN numerous rotten establishments of the same des
eription, totering TO their fall, and only wanting
the exposure Of the light like the touch Of Ithues
spear, to make them crumble to pieces. Like
whited sepulchres, they Of fair exterior, but
within they are full Of all manner OF uncleanness
and abomnation.
The master spirit-the Confidence Man in the
operations Of the State Bank at Morris-appears TO
be Z. A. Thompson, as ingenious and plausible in
his way, it would seem, the late "One-eye" ofthe
same name was in stool-pgeon performances
After purchasing bank for $50 900 in Susquehan-
nah notes, that turned out to be so much waste
paper, and getting the assets Of the concera, and
sharing the spoils with two three Of the
directors, he gave leg bail. and fled TO Cincinnati
He was formerly a broker, and had a residence IN
Wall street. lie was also a lawyer, and no. he i
fnancier Of the first water There is much noise
made about him, and much about Harvey Dayton;
bat why are not the directors that shared in the
plumber, indicted the principals l. Is true
that some six are indicted for the erasure Of the
endorsements Of two bAs, am bunting TO $4,000;
but why are they not indicted for swind-
ling and subornation Of perjury, who aided
Thompson in his schemes, and advised, sanctioned,
directed, and participated in the crime Of which
Dayton is convicted If he IS guilty Of perjury,
they are surely guilty Of subornation Of perjury, for
they were present when the affidavit was drawn
and sworn to- and they reaped the fruits which that
false oath was intended TO pro luce. Bad as Har-
vey Dayton, who appropriately resides at Painded,
appears 70 be, he was, after all, but the tool and
servant Of the directors and their responsibility i
far greater than bis. They knew what in the
bank as well as be did, and whether it forty
thousand dollars bona fd cash capital for banking
purposes and there il no just reason that he,
eomuaratiyely moor man should be held In the
.ssbe. oftbeIaw vbiIeIarper and richer rorues are
,lo,,od =, oso.,o ,,;,b i,,,,,,;,v r. h. ~ a. H.
.o...a,. 60 - 49,, ~ 49, rhoro hoa-l Nthor
o"P'sV~t - 80 go 4 80 $500 80
these men appointed Dayton, they knew that he
was not fit to be a cashier Of n bank, and that he
knew nothing about banking business or accounts;
and there can Be- no stronger proof that they had
no tona tde intention Of carrying the bank lie
and Norton were lust what they wanted-ftting
- r.t. - r..t.. L- - IN J:
'eVis ~ 'AsiI Palioses' 5uss4'e m a'He VIZ -
his case and her demands are far from satisfied.
IA -. .,,, ~ -, - III -, ,.,, ~ ~. ro,.b ~
.h.law .r,. i,1i..cd
r,t--.a a. IL, .,..1,.
80. ,,lt,h -. .,-;l.,o 49, ~ ,hoir ios,,i,,
49, ,h,rbo ,r,,,.I go ~ s,o,,,
a. 1000 ~. 81 49, ,,;o,i7,, o,,h,l,r ~.
,.ha,ora.;.r.. 80,
en- i,,io.r,.r, 800 o,,,ir, h.h,is
49,. IN, Co., ,,-, y ,fo..i. ,a,,,... 800,
80, Ii-a.,o.. -. 1000. t....,. .e,-..hi.,.
49, ..,,...., ~. ,l.., 80. ..sl ~
su.i.-t.s .zst..i,s III, -, ,,..i. ...J
GREsT BnuAN AID Hg USrrrn ~rATEs -THEiR
NrrrAL DErESpEvcE-LrERArrRE Tho Lon
don 7imcs, in article recently transferred -
columns, referred 70 the revenue Ct our government
with much satisfaction, and rdculed Nr. Secretary