The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1851-06-02


The BEAvIIEs FACE BaSKIsc-wALL STREET
swI.plrvo.-we have been shown i've dollar bill on
this State issued by that bank and bearing date Sept
lS4S under the free banking law, and countersgned
by " Haniord the then register This BILL although
genuine issue by that institution Is by the
brokers Of Wall street Of valuen from the fact
alleged by the money dealers, that the bank "have
closed their business and called all their
few months snce-consequently that all holders Of bills
now, compelled to be the losers
There Is law understand, in the event of a bank
stopping payment wishing to discontinue their bust
compelling the institution to notify the public by
two are allowed by law to wind up the business and
redeem the bills, in order to secure the bill holders.
Thus far good but in this case there is possibly
large number Of these bills still held by the public
redeemed. We have seen one, and heard Of several
Others yet there appears to be remedy the two
having passed the holders Of such promssoy
Now, we think there ought to be some remedy applied
by which the poorer classes could be indemned as 1t
is them the loss is principally brought to bear Sup
pose Of these free banks hundred and
fifty two hundred thousand dollars Of bank bills and
then STOP they intend to wind up their bust
ness and then to conform with the authority Of the law
place advertisements in some obscure newspapers in the
interior Of this State which nine tenths of the bill
holders never see during which time the bills are stu
in circulation and at the expiration of two years the
holders informed that the money is worthless the
time authorized by law to redeem has expired. This
system certainly appears to be wrong and take this
method Of cautioning the public against all future
movements Of the kind they may exhibit themselves
from time in the free banking operations Of this State
COMMERCE AND EMIeRAToN THE MosTH MAY,
1s5l-There have arrived at this port during the month
Of May Az sail of vessels from foreign ports bringing
1896 emgrants OF the vessels bringing these 10 were
British. A children have been born during the pas
and l4 mostly infants have died on the passage
There have been ia sail Of square rugged vessels from
domestic ports, during the same time, making total
If SOL.
THE EoLAS Housr-we call the attention of the pub
lie TO the advertisement in the Herald, announcing
the establishment Of this house, admirably adapted
for families 1t is under the management Of Donald,
whose experience in his business is well known to the
EOiaR Broadway. be-
tween Twelfth and Thirteenth Streets in the vicinity of
Union Park.
DKowSEp.-The body Of a man, about twenty four
years Of age picked at Clifton, Staten Island
saturday May 3lst He about five feet in height,
brown hair, small whskers under his chin dressed in
green sack coat black pants cotton socks and breast
in with white and blue pearls and dark centre; under
shirt white, and marked W; silver watch with black
chain and gold key. Had in his pockets brass door
key with string attached three shlings and sxpeuce
the latter in English con-three shilngs in Spanish
with five pennies He appeared to have been in the
ter but short time For further information, inquire
Of Samuel Randolph Coroner, at Quarantine ground,
Staten Island.