The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1852-03-05
Matters In and about Wall street.

There are many cities in tho United States with
many streets; but there is but one Wsll street,
which is as widely end as we'll known as New York
Itself, for who ever hears Of tho one without the
other. Few events occur in political, commercial,
or financial aairs, that are not discussed ia Wall
street. Scarcely revolution takes place in any
part Of the world that is not oanvasscd in Wall
street. Here it ia that all the principal banks,
great insurance ofices, private banking and bill
houses, brokers' Offices, and money changers estab
lishmeIts arc seen. Here Is the Custom House
and the Merchants Exchange. In the former. from
ten A. M. till three T.. NJ ID constant scens Of
hurry, hustle, and activity, in entering goods pay
ing duties, bending some, and clearing other goods
registering seme vessels, and clearing others for
all parts Of the world. IA the same building, or in
one corner thereof, is seen the sub-.rolsury. pro-
sided over by Governor John Young, assisted By
corps Of clerks aad other subordina % officials. The
money receiver stands ready ct the counter to re-.
ceive and pay out tho specie Chiefly gold $40
pioces for nothing else passes muster here, unless
it bea government transfer check. A largo pair
Of de)icately made money scales stand ready
70 weigh the metal whom received IL Is alec
cCrnted % occasion requires. At one ord OF the
room stands the huge iron subtreasury safe, reach
rg from the floor to near the ceiling. 1t was baii,
II
,isD ard cost, il we recollect Alright about 5000
The safe ia longer than broad and stands across tho
room at ita lower end. Whenits door il open a man
can walk upright into it. There are q number of
dooIs-tw0 at tbs front, and again ole two moro
near ia CENTRE dividing it into two chambers Each
chamber ia provided with drawers and shelves.
When We saw IL, the gold and other specie on de-
po,it amounted to about three millions Of dollars,
Che deposits ct one time reached about scvcn mil
lons) which stored in tho drawers Of tho inner
most or rear chamber. Each drawer was packed
full then sealed up, aud labelled in front with the
precise amount contained ia it. Each drawer was
filed snd labelled ia the came manner. as far as
the money would 30. in psying out or receiving
money, the FROM drawers, 4or those nearest tho
middle doors, are those only which are disturb
ed. Tbose in tho rear seem to sleep In undis.
tufbed Icrose. When inspecting tho vault, wo
could not realize that stood in the presence Of
50 much money There wss nothing to impress Us
with special ave or wonder. We could read Ia bells
OF Of thousands or tho fronts Of the toxoe.
not plainly set forth than is seen tho fsontl
Of apothecaries' drawers. We wondered why q
rerishable and frail individual, who might ohance,
during fortunate life, TO possess the Same % ouot,
labelled rs his property. should have tho ndnirn.
tcn, If cot tho adalation, fattery aad fa~ning of
thousands upon thousands or his fellow being foT
his sbor. hfe We have ofsen thought that thoss
IN the daily habit Of counting AID hsadliug Iarso
sumG Of money PLACED lesl value on it than thoIo
who see or touch il but seldom. sailor once had
check on mercsntlo firm for $500 lie vas
it would be ipconvenent for the house to meet Il,
and limited to them in advance tia. he was wiling
to take it in instalmerts. How ANAL slch 81 y
would seem to the cashier Of the suhtrcssury, who
receives ard pays out Rear million o week His
caily transaotions frequently exceed $i0o,0Ge
There nevcr waa greater political fight On any
subject than occurred bltwocn The democrats end
wings, in regard TO this very sub trcasly5. 1t
vac once established by tho donsT,ts, AID, after
going into operation, Was repealed by The ahigo.
Then, under Folks administration, Il was re esssb-
lsheo in The face of the ctt dstarnin.d opposition
:rd oct direful Professions az to ito baef0I escs
on the banks, on hrarcs, On commerce. trsie and
everything else. 5 ne der ecra.s doubted its
tuccess. The Jcusnol If Conni1re fought ag iiast
il. But like Sir Robert Wslpoles warehousing
system in England, Attempted carly In the last osa-
tiny, after having met With the most farious orps.
sition among the people, and from large portion
ofthe press, it has proved itself TO DO public 1ea-
sure Of the most beneficial character. And now,
its former mott bitter opponents would resist sby
attempt to repeal IL. Such is the imperfactisn Of
human ferecMt and the mutabnity OF human
opinion.
Law In teuisencc.