The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-10-17
SOUTH CAROLINA,

THE 6CSPxNBJON OF H8 CHARLESTON BAHKB-
DEPENDENCE OF The SOUTH ON NEW YORK.
from the Charleston Mercury, Oct H.
There WAS Moderate run upon our city banks yesser
day. bat In or two cases he gold deposed curing the
cay exceeded the amount dra The Peoples Bank
being pressed By graft o' specie from the hang Of New
psnc there IT, ouisids Of the thanks very SUPERFICIAL
No well informed person DOUBTS that our bauhs are
abus dainty able to meet the obi gaons and the difcu
ties WIN ch hArass community ocoaioped By tho
tSo't 70 make mlicn Of coin perform The ooe OF sevo
raj millions Of currency
bas,ness. based upon the Agricultural products OF the
state kerohandse merely ntermediste affair. All,
os.eo 30 If the .se Of there is suddeny checked i.
evident tina. markets, for tbs time, muss be Ia
ex,ricabk embarrassed But we repeat what We
have said heretofore, that our products are STALL 10
the foopsry, ard that they have their value In tao
msrkcts or the world We do throw or all blame from
Scuihsn people for tbs distress which has fallen upon
them, "Me oisp or thuader from . sky" rney
have trusted the msevcs too much TO markct wnere
there o. npsIAnvely but little oompens,don for What
great cegee, In III. power Of class Of dealers sho do moi
oonane their operations 10 the climate OBJECTS oirade,
p o,ea Of which Mes Yoik is The ocnre We have given
" them The key which commands our treasure, and We
w. Iessre onco said. IN was the Union made New
York" and ka Il the signal instant OF the
sort a blessings vhch the Union, rom the fst has been
comforting upon those who have been It's real s1poo
Possibly . portions small portion-of the kes York
bspks viii come cut safe from the present srusge but II
they do will be by the sacrifice OF the meohanu and by
fe. ding a the svudgc OF the Northern capitalist against
The Southern producer.
10 u nSs ne that we should begin 70 think Of taxing
Of cuvHvesf The indie oosdent people In the
NO BY their 'es, why does the South allow
itself 10 be battered and BY the dsscnsons and death
struggles OF New York money changer We do mot
kpos 70 vhst we pud ourselves when We q Q up the
sond Avsi Of labor 70 be mingled isexni ably With
s the bubble specustcns Of the adventurers In the CON-
nercial msropon Why mot trade directly with real
cu tomen What need d there Of this 90 between I,
which ,he ready gold In hand. tho
cfoSr banks 10 repair - Ar possibc the iDsry which
ezces 20 commercial connections with tho North have
broOght uponehc producers Of great Southern aaplss
prss.ors I. ,hse u.s s. sey can DO much, BY hsrmo.
ncus ard ooUceed scon 10 the southern planters
and usclves from slower bat oorAiD under
Dnise Of The ground o. their pros certy Policy and ps
kiessSn Ankle dic'sw prompt and efficient action
Prom NE Chaslsstou Courier, Ocl II
Tbe "rrn" and eScteneni which prevailed on Monday
vas pos renewed On Tuesday 10 any great degree, and
: = ~. sss q 4. Peoples
Bark. which stopped recempt yesterday morning, In
o. or % sc.ioe o. ssm.nt for balance Of
s22 900 doe Of the hanks OF The interior.
NMs vas, 90 far - observed and witnessed, no
general excited pressure any Of The other bsuts.
!. ssss os return q du 81 .nS Daop.r
cndsscs ana OF such condition OF Affairs may
abs us calmly ssd i'm srn.ly . Investigate u. cause:
The lessons 70 % derived 'front.'
The nsi q suspenuors Fer sals city now ssands'.
suu,hwesicrn Rrilroad Bank Oct L.
Bapk Of South Carolina, o. L.
Peoples Bank, Oct IL
ms needless ssy thu, the issue or the question: far
Involves the renewal coninuauoe or panic rssH
WIN the b. and I'm holders or their emssinns I'm
fonBsiey, bowevey the evils and incidental I'M Ues Of
such sas win not % confined 10 those previously acve
Interested In 10 promoting but viii be Eel. by
oil In Tho rsmn cainns ~ business and daily traffic Con
adsuoe, dstns ushed aike from selash drruss, AMI
FROM rsss rvssumpsinn, the great panasa, and No
pl~&sd 70 hail any ~ Dpoms o. ifs n app sarAn 70.
In reference he nrss urponsiou, tho Bank OF the
ssic "a south Cuora, and nc rccuIar and prolonged
cbsrscsr Of ne nues, have but ts repeal thar there
sesoute guaranty Of % uriv and Indemnify, usder
pssibe and ooposivsbe eaiast opho OF banking
pssienoe Development, vhcn leaves no excuse
text fov sry fcsr q sscvisoc he psr OF bill hoheri
fhe good fsh spd "a. cal Integrity OF the Cato may
sunr tec. niosy blundcr and the penalty OF sub acton
70 bsrtss eonr senciss but he STATE herself In her
proTsf ssssnee and sovereign personality No. has been,
ard s be- beyond and above al approach question OF
oouiaminsu01 The suspeoscn referred 70 hes excited
suvrrise IN qaaster bey md ae limits, bat
pleased 10 recovs met yet have seen no expires
sion bumsaan 81 an opinion contrary N vhai 90
have confdensy rctevsasS The bills Of this bank,
c~txsp, usse pad and 70 scived Yesterday.