The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-11-09

In Inudn,t n,totan far, r,la
And near thar nile an aIlev
Where merry crowds for riches toll,
Anu Wsooin stoops 70 ioiS'
Here sad and joyful, high and low,
Court fortune for her graces,
And as she smiles or frowns they show
Their gestures and grimaces.
Here stars and garters too, appear,
To huv and sell 10 eoe and hoar
The Jews and GentIIes souabble
, - 49,,
Our greatest iadies hither come
Ana ply IN chariots daily,
Or pawn their jewels Tor asum
To venture In the alley.
Long heads NAV thrive by sober rules
Because they think and drink not
But head longs are our thriving fools
Who only drink and think not
Ano,ber en;grammatis NO ni,bv siriyes Tho a;rv cha
s ~, e.a - p.',y - @ e.o NY 'i'"
Iao.e, Vi INC specun'ons III WHICH every oho was Gu
s"se"'- ,u;.. x..u ,.uh.s 4. .o. -, s.
r., nis,Ia Iaa Ia ,Sus pa1ao, ~ a ~ a., - -.
M, haa ba saae 70 asst ~ ,ha s' snIv'
Ds ps, ~, n4u 'a,e s. saso uensa s ,Ia aie 'omy
Te ,n,,h, have seen vvarsa assas ,,bsre
G,a aeud aoie sr Con aNn, mW,so a. aSee 'ne'0
And again.
Az fishes on eacb other prev
The great ones eating up the small
SO fares ii in the Southern Sea
The whale directors eat up ALL
.. ia ~ na, % e @ w ,pi.ase "nomVe zen sPe
cuaung SO wlay N our ran railway stocks, VIII PROBABLY ap
f'u IT. -. r',1' -, ~, - ,-o IS,
lie that is rich and wants TO fool away
good round sum in North America,
Iet MN subsCrloc nmseu neah0nE snarer
And asses ears shall honor him or bearer.
r,o n,s,ox,, s a., o,o,ou - A., ,,,, =, -,
rn1..r Tha son,h Goo cam, - % @ 'u ue W s ,ni nsn
rivaIs and comnoarcod ioaa2 Jsaa % W ~ ~,
,ba co,anana T,,s hrh, ~ aa 49, -. @ ao'u -, W
a ai , 's I1 @ o Soo s, s 70 70 ~ ~
schemes when the law proceedings began south sea
s,ocr ya, AZ $50 nor n.n, IA sran ,.a, 49, 49, i. - M,
declined pn,a an ,he Doth ns car,a,,ha ,he e,,, ,ry
month i fell n ITs Then 60, in nerod oS dosnai ny M
confusion as wild as tho de,ason itself Thousands Of "a
who had ient mose~ 3 ,h s,, !, ~
stoct were Compelled io atom navnent and r,n ,.as
snn ,rada on ,hc srt os op IS ry ,sn aa nun r
having kept free from apv Connection win ho
did not feel TO any great extent the shock of the
dous reyuison which had So, in OF tbe pnnsbmen, N,
fcted upon the concoctors and Ministerial favorer &C
the bubble and Of the measures devised by Sir Robert
Wspoe for the relief OF the sufferers II Il not
10 speak here.
lS22The partcuars Of nm alleged consp,racv In favor
Of the eriled Preender which were commonea,ea NV
the Duke Of Orleans 10 George gave rise h wear IL an
other commercial panic and run upon The RAM IN Fn
land. The vigorous measures adopted by the govern.
ment however soon led TO restoration of confidence
without the bank having been compeIied To sasnena
specie paymepts
I732.-Fnlarred premises having become necessary
for their eperaons the nrector az The R.nk of rngana
resolved 70 build bank aud Office on the present se in
Threadneede street In I73s they commenced business
a marble statue by Chccrc OF William III The founder
Of the corporation
li64 in consideration Of fresh loan reaured by tne CO.
yernment.
1140-1ne mnnmg OF the PretpndeT and the first
ceases that attended his caused universal alarm
amongst all classes In England. Even the King made
preparations "a effect hs escape run CONNER upon
the Bank OF England for which were NOT re
pared and the destruction OF the institution seemed n
evitable The funds oil TO a. and depaitors docked IN
crowds the bank 10 obtain payment for their notes
The directors rcsortod 70 a stratagem which
saved the institution. Payment was not reflsed bur
the corporation retained specie by employing agents TO
with notes ybo gain time were paid in
and those WI l8ne first entitled 10 priority u
payment, the arsns door with the specie
they had received and brought back by another 40 that
the f holder of could never get near enough
"a present them "By this artccu saws the writer on
whose authority this fact related the bank preserved
it's credit and literally faced its creditors The retreat or
the young Preender Derby stopped the run and re-
confidence among all clases To the credit Of the
merchants Of London be said that they stood firmly by
the bank in this crtss receiving ~ notes n naymen, nj
during the whole Of The manic - f~'
17ssThe capital ON which The bank s,nrk rronr,eov.
divided this wear amounted 70 ffo 100 COO hav,r.
IN little more than half century when the bank ar.,
commenced ia Operations the rate Of disconnt 10
were Afterwards couali,ed and varied from fo.r 4, A..
per cent ti 775 when the latter sum .s axed ,noo :,
which n remained I'm Is22 W. ~ sf'' ~
1Tbs--Ihe first forged note was rvoso,,ea ., ,no
Bank OF England by Richard Vaughan. a etarord linen
draper In this wear was also Tho
legal decision that any person payng vanabie oonsi
deration for bank note payab. 10 bearer in far
o business has an updepsbe risbt 10 recover from ,
bank
lT5a-The bank charter was aralp renewed tli tTss
for fresh loan advanced 10 the ON exchcauer
bills.
Rxvr1srov or lTT2--vRsr yaurREs oy RaSwrRs
lT72-n this yesr occurred panic SOM hat
in ts original features the rcvulson under which
present suffering in this country on the 10Th o. June Neae