The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-10-19
CAN THE BANKS SUE OR OBTAIN JUDO
MENT?

Had always taken the HERALD, and connted In hose
prophetic warnings which have now become matter Ct
history, my pecuniary position might have been much i'm
proved But sas they UNDECIDED The crush and The
crss has The banks are In the condition of an
unchaered Hberne Out Of the pale OF the law every
.o il unconstitutional and Of course illegal They may be
sped bit cannot sue for how corporation enter
prepcssrous and debtors can escape without fear OF
judgment The Judges now, with . fellow feeling, wink
at the violation Of Law, and every reafogger standing
have rot the sgisIave savo which light form shield
around them but are ships without an IN ,hor Ia the
rail- Your Voice most empna.icaiy sssn, any aividead
being made while thus suspended II would be outr
and wanton abuse OF all sense OF proprety; yet II H.
see, advocated by print admissible Another prac
tee should be exposed The banks are In the habit when
reporting specie hand to include that held special
esd ,he public a. to their true sats This don't belong 10
tn snd which they have CONTROL and OF course
70 no part OF their assetsno more than ours or mime
One bank adverex 70 receive such, for obvoaa reons
Watch them well, Al you have ever been faithful
sentinel. PUBLIUS.
TRAP OF THE ANGLO AMERICAN BANKERS.
TO TIE sDlToa or TIE HERALD.
Nxw YosK, Oct Is, 1857.
In his mornings paper you refer the suspension Of our
city banks to the CON b!nsd action OF few Of the Angie
American bankers Tha. your statement correct no
viii doubt, ard their course OF action thrfwd and vel
1iSesled From the small amount OF financial taienS And
foresight bank managers here exhibited during she
cribs, there Institutions without timely warning very
likely to fall into the "reArious trap skiiuly laid for
them by these "EDslah bankers" viz:-to pAnd
under thor prs,ent (ard hoped for lssszed) suspension
Bat yoa have overlooked the effect saoh expansion
would have would nquidaie certainly TO these English
and Continents, bankers the millions OF credits granted 10
forefn importing houses In encouragement OF folly
and exiravsgancs Of the people, on the prou OF which
lhese bankers have grown rch credits not bong
provided for tsey are compelled 70 carry The desired
expansion would enable EN- 70 arsfcr that load 10
city psps Win a. little prospect Of their being paid n
maturity 70 the banks ~ sent 70 the foreign bAnkors
Better let the banks rea tne vave policy, and
turn thsr attention 70 The best mode OF Restoring oonn
dercs and letting loose The currency lhA now locked up
Ihs would admit Of money ccmlag freely city
chants, enabling them in turn 10 pay their dcbts and
liquidation nenessGy with any portion let be done 81
once Extenaops are mot payments. the truth or which
will DO clear enough TO cur city baDks In sixy ninety
says when they would ind themsoives sAdded with
load OF suspended paper Transferred 70 them By
ration 81 these shrewd foreign bankers Agena
Hitherto have fearlcssy sounded the alarm Continue
TITS courst-waich every movement 10 our monetary cir
ccs--consder well their end and sims-sye your know
iose opinions 70 results, and you will continue
enjoy the connde CO ~ well ~ thanks OF the community
Asu BS5RlHER.