The Portsmouth inquirer. [volume] (Portsmouth, O. [Ohio]) 1849-1855, 1851-04-28
New Yo,k CorrespOndence--No. 9.
,dlsF NEw YoRK, April 2l, 1851

ssisit New YoRK, April 81, 1851.
Van Week, thr broker, has showed me
some very beautifully engraved notes issued
under the recent private banking law in
New Jersey. By that law, individuals on
conforming to certain provisions, and giving
security IN State Stock, were allowed to is
sue notes Of less denomination than fives,
to the amount Of $3,000,000 Three per
sons, or manufacturing establishments have
undertaken to issue one million eachsunfier
this law. One half the amount can De fed-
dily kept in circulation in New foiK S,ate.
The brokers poph at the idea OF the Bank
of the Metropolis or any other institutions
taking from them the country note exchange
business. and compelling the country banks
to face m in this city aud have an office Of
redemption here, after the manner Of the
Suffolk Bank system in Boston and New
England. a
ismay be wrong, but il strikes me that
The system they thus scout is good one for
the people at large, inasmurh as il operates
in way that checks the creation and issues
of an excessive amount Of bank notes, which
sresof value only SO long as their bank is
aole to redeem them.
There is an evident misapprthension Of
the motives Of the Mayor and Aldermen Of
Boston, in refusing the use Of Fdneuil Hall
recentlyto the friendsoe Mr.. Webster.
Imention this because there is in circula-
tion for signatures in Wall street an invi-
tationto the Secretary OF State, to m 'et our
citizens sat some period convenient to him.
self, in order that they may express to him
dc nd 0ratF,,l on cta
tion Of his devotion TO The great public in
terests Of his country" and in this document
the refusal of the Boston authorities is clas
sed among ''the indienities cast upon thai
distinguished statesman by abolilioniss No
Others opposed to his political career.
This is as great misconstruction as was
put upon Fletcher Websters' alleged assault
upon the watchman who was ringing the
Stone Chapel bell on the night of the Sims
arrest. ,
The Boston authorities had just refuset
the use Of the Hal to the enemies of Mr.
Webster, and in view of the excitemen
which existed in the city at that time, May
or and Aldermen had decided that it woul'
best subserve the cause of law and order Il
keep Faneuil Hall closed altogether unit
quiet should be restored. After the author
tiles had (properly enough think) come t
this decision a few warm friends Of MI
Webster applied for the Hall, and were re
spectfully refused The Secretary of State
himself, probably approves of this course
The invitation TO address Boston was nom
Of his seeking, no more than is the presen
call to address New York. +,
Tbo ra C,cal or tho ,na;oritu in tho MOI
York Legislature TO extend such courtesie
to him as were offered by the Legisla ture
of Maryland and Pennsylvania. without dis
tinction of party, probably arose from un
friendly feeling, but unless matters hav
very much changed within few months, tn
Boston functonaries are on the best term
with the Secretary Of State.
The truth is that there is great misappre
hension existing here in this matter ds ther
was about the lacts in Professor Webster
case, year ago, when there were SO man
petitions and much hard talk against thu
sombre and terrible trial.
1t is publicly announced here this morI
ing, that the firstovert-step towards the diss'
luton OF the Union by the decision OF Soul
Carolina, will take place in the city
Charleston, early in May next by CONVEX
ton of delegates from all parts OF the Stat
The ominous tale does not receive CT
dence, and excites little or no attentio
May God, in his infinite wisdom. inauen
our Carolina biethren to wiser conclusion
The fears of civil war are not SO gre
certainly as to affect the sale Of State Secu
tiles and corporation bonds during the la
week, there has been grea: activity in Il
market, and stocks, generally, have sold be
Ter than for weeks previous.
The receipt Of half million in gold du
by the Cherokee yesterday, and the intel
gence of two millions more on the wa
renders still easier our already relieved mo
ey-market.
Steamship Ohio will leave here for Ne
Orleans on the 26ih inst. with the U.
mails, and Stimson & Co.'S Express lreigl
if she should arrive here in season. 81
should have brought the mails which car
yesterday, but being delayed by her iojur
they were transferred to the Cherokee.
The Hutchins are performing here--sev
consecutive days of rainy weather ha
been very unfavorable for their concerts.