The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-06-12
Our Boston Corr.sponasne..

-TTials for Stdition--Tne Riot Cases--TAe
C0chsfudte Bank Clossd-Weekly Statement of
the Condition, of the Boston Banks-Iadia Build
ings-Couatry aud Seaside Hoteis-The Man
sion House at HuH-Ihe Long Island House
Ndtnnt-' Middfeser Hotel, Concord Cholcra-
Senator Rockwetl-The Franklin Statue .Ne,c
Publications, &c.
The Daily ADVERTISE Of yesterday contains a COM
munication on the conduct of the Mayor OF Boston
during the recent slave catching affair here which
rom its signature, Is known to have been written
by r. W. Chandler ESQ.,, until lately City Solicitor
for Boston, and one of the first legal authorities in
New England. Mr.. Chandler shows that the Mayors
conduct throughout evinced total ignorance Of his
duties and powers. This exposition of the unftness
Of our municipal chief magistrate for the office
which he holds viii Crush out" whatever was left
ofhi Honors popularity. II does really seem as if,
in these days man has only to get into high Office
to show that he is an aspiring ignoramus. Presi-
dents Governors, Mayors and even constables-it
is all the same.
Judge Curtis's charge to the Grand Jury; in the
United States Court, points, it is thought, to the
indictment of such gentlemen as Wendell Phillips,
Theodore Parker, and others OF the high abolition
faith; and the talk the street s that there will
class ofpersons. 1t would be very foolish piece of
business. l havn't any doubt thai our abolition
lists would come down with something hand
some to get themselves indicted. They have
made 80 much ont of the Nebraska bill and the
arres. Of Burns, that they would hail indictments
against their most distinguished leaders as some
thing in the nature Of exalted favors II may be
doubted If there ever would be obtained verdict
,l.c
brought forward in support Of the crimes charged
in the indictment. lfany one should stumble upon
conviction, he would become martyr al once and
live for long time in state Of absolute beatitude
No greater blunder can be committed by govern
ment than to go into the manufacture of martyrs,
William Of Orange once said of one Of his most vim
dictive enemies, " He has set his heart on bsinc
martyr, and have set mine on disappointing him. y
The President is perhaps incapable of comprehend
ing the calm wisdom Of this sentence, but to the
Attorney General, who is capable of it, these words
ought to carry conviction.
AL but two Of the persons arrested on the charge
Of having been concerned in the affair that caused
the death Of the unfortunate Batchelder have either
been discharged or held in the minor matter of riot
They win all escape. We shall see the same farces
played over here that we witnessed on the occasion
man in Boston but knew that some Of the parties
were guilty, and everybody laughed at the idea Of
conviction being obtained; and the result showed
that every body was right. This, you may say, s
very improper state Of things. Granted; but It
might be paralleled by fifty cases from the history
any thing else has ever been able to stand before
the tide of popular feeling and that tide is pretty
well up here, Just now.
The Cochituate bank has been perpetually shut up
SO far . the transaction Of banking business is con-
cerned and for the brief remainder of its existence
1t must confne itself to exertOns having for their
end the payment OF its debts If It can. The perpe-
tua injunction, granted by the Supreme Court, is
universally admitted to be just. The concern, even
before It went into operation, in bad way and
was rotten at the heart long before it suspended pay
| ment No bank that can make respectable show
Of assets, ever need to fail here. All these institu
tons are SO together and the whole business
public lie 80 deeply interested in maintaining them
in good condition, that funds can be wanting
to carry them through any crisis in their affairs not
| caused by their own wiliul misconduct. The Co
chituate was not given up by the other banks until
IT was found that the concern was hopeessly in
| solvent.
Our banks have been brought under a wholesome
rule such as, believe, has long prevailed in your
city. The Legislature at its last session, passed
law requiring the banks to make, through their OFF,
GERS, weekly return Of their assets and liabilities
| These returns are to be made to the Secretary of
State, every Monday, and are to show what was the
condition q the banks on the preceding Saturday
i
nesday, from which it appears that, including the
new banks, and emitting the Cochituate, we have
thity.six (36) banks in Boston, with an aggregate
capital of $780, $4,000. Their loans and discounts
amount to f48 1859 ,492; their specie 81 $50 2T7 their
deposits $13 002 their circulation 277 0l9. The
Merchants has the largest capital, amounting to
t than Of the capitals and
our banks is larger than it was in October, 1853,
when the last returns made, by 3l7 600. The
increase has been mostly made by additions to the
e<onk of I'LL sxrxfn L..
have been increased only in the amount Of $40 497
These returns will be published, officially, every
Wednesday morning in the Daily -ddcrtiStr, and
will doubtless command the attention Of your en-
| lghtened financial editor.
| "Judea Building Is to be the name OF a splendid
edifce to be erected the site of Nos. so and So
State street. just above Merchants row, your left
hand going down the street. The building will be
of five stories fortytwo feet in 'front.' and sixty nine
deep, and will be highly ornamental The front will
be entirely Of Connecticut free stone. Mr.. James
Sturgs, who owns the property will erect the build
ing, and Mr.. Groom, who occupies the present
building as bookstore will rent the cellar the store
and the attic in the new The other parts Of il
will be let for banks, Offices, &C.
The country and sea-shore hotels are fast opening
IN this part OF the world. Mr. Bailey of Union Hall,
IN this city, has taken the Mansion House, at Huh,
where ne has been 80 popular and successful in
former years. Hull ia fine place to spend the hot
House, where he win make the experience he
acquired at Gloucester tell in favor of those
who shall seek for health or pleasure down the har
boz" The new hotel at Nahant, which will be
sort of transportation Of the fremont Revere TO
that celebrated locality, (sr. Stevens having sup
pose specially engaged that celebrated pala mover,
the Genii Of the Lamp, for this season. will be fire.
9uented by all who can get there, fashionable or
fashionable, whore purses long enough to admit
| OF their paying heavy bills.
The Middesex Hotel, o. Concord, Mass, was sold.
9 short time since, by Col. Wesson, who had owned
It for many years, for $4,000 The purchasers are
Mes srs. Newton and King. The former gentleman
at one time kept the house, and is an experienced
man at The business; and his partner il young
D an son Of tic late Hon. ID. c. King who succeeded
Mr. Saltonstall as representative OF the Salem dis
! nict in Congress. They are engaged in making
extensive alterations and enlar9emeuts of their hote.
| Concord generally takes her full share Of summer
rtsicer Is from the city, and il remains to lie
"hetbtr the recent increase OF fare the railroad
will this year operate against her claims Season
/ tickets have been advanced from SIC 70 81 per