The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-07-26

tber of the fDesas by which they are kept no.
A broker hugs charter pays in the first in
etalment, draws back bis money, the same day
sets bills sfoat and redeems them at his Office
IN Wall street at balf or one or two per cent, ac
.ooroing to the stance OF the bank itself or she
time in which he intends to make his pile. After
bills enough have been Issued to answer his
purpose Ire stops redeeming, and what the bill
bOlders have lost by his bills has slid into bis
breechee pocket. Mansions arise in the avenues,
garbage are lolled in by overdressed women
and boxes are kept at the Opera-the result OF
euch niquitoas transactions, Does the virtaous
public refuse to shake hands with these people?
Far from it. They are courted for their very
success in their rascality, and their entertain
ments are as much tbronged as those Of men
of unuuestioned honor. They make a. good
trustees of q church az the most consistent
christians. They are prominent in proper
ton to the amount they have pluudered We
state nothing but what every one knows to be
true II was the recently uttered opinion of
gentleman OF this city, whose standing, talents
and wealth enable him to take and maintain the
very highest position in social life, that large
number of the residents in some Of our fashion
able streets ard avenues deserved to be sent
to ruralise at Auburn or Sing Sing for the
maDuer in which they made their money
Financial frauds, such as we see in Penn
sylvania, have been perpetrated here; and
there is Lot an instance within our recollection,
for thirty years past, of any of the delinquents
having been brought to punishment. Our
railways and our banks have alike been the
scenes of the most unmitigated turpitude.
Thousands of innocent people have been
stripped of every shilling they had in the
world by the arts of New York financiers-so
called. The curses of the widow and the
orphan daily and nightly fall upon their heads.
The homes desolated, the children driven into
the streets, and young women to prostitution;
the penury, want and distress brought on the
Industrious by the destruction of their means,
and the plumber of their property by bankers,
brokers, lawyers and railroad managers, will
make fearful account against New York in
the day of final reckoning.
The instances we have commented on, which,
1t appears; have raised quite an uproar in the
.yhamokiu, are not more fragrant than we con-
stantiy witness in this city. We hope it will
lead to reforul. This is more than we expect
here under our present system of tax laws,
political judges packed juries, and counsel
ready to defend the devil himself if they are
paid for it. Yet there is, after all, one safe
guard Rognes shrink from looking at their
own portraits. We have here presented the
photographs of some Pennsylvania bankers
taken by their own artists and we reproduce
chem az warning to those who are secretly
pursuing their pluDdering schemes In this city,
to the injury of the innocent and unsuspecting.
THE ATLANTIC Observation-Disclosures AT
TEMPT TO LAY rr-By the arrival of the Indian
at Quebec, we have the satisfactory intelli-
gence of the return of the Agamemnon
and valorous to Queenstown, and that the
failure to lay the Atlantic cable did not result
from any difficulty in transmitting the electric
current, but from the fact that the cable broke
off just below the stern Of the former vessel
We say this Intelligence is satisfactory; because,
had the effort been abandoned In consequence
Of failure OF the insulation, IL would augur
very badly for the ultimate success Of the en-
terprise.. 1t was understood that If the insula-
ton should prove to be perfect, and II the at
teu pit should fail only because Of the parting Of
The cable the vessels were 10 return to Ireland,
and at once resume the undertaking. Such, II
appears, has been done. The feet we're to have
left Queenstown on the 18th instant; and they
are now, doubtless, nine days on their voyage,
and very probably have by this time reached
very near the point where the junction Of the
cable is to take place. Allowing the Niagara
TO steam at the rate Of three miles an hour,
and to meet with fair weather, 1t would
take her just thirteen days to make Trinity Bay,
a distance Of 900 miles from tho rendezvous. If
all goesrigbt, then, she may be looked for about
The sth of August. It has been demonstrated
10y the log-books of the Cunard steamers that
the month OF July and the early part of Angus.
Is the most favorable season Of the year on the
Atlantic, and Il has been unfortunately found
10y the late attempt to lay the cable that the
month Of Junc--this year at least-has been the
most disastrous for the success Of the under
taking We are glad that the squadron have
renewed the work go promptly. No effort should
be spared no~ to bring the enterprise to sue
cessful issue. twill not do to let II cool. With
the large amount OF experience which the cleo.
tricians and inachinists have acquired, the con-
Gderce with which they must be inspired by the
perfect working condition of the electrical por-
ito. ef the experiment, and the aid Of fair wiods
and smooth seas, which 1t ia reasonable to ex-
pect, IL is not too mach to hope that the Niagara
will be able to give good account of herself In
a couple Of weeks from this time Meantime
che public mind will be "on the tiptoe stand Of
expectation"
He nAp No CoSfIDENcs IN THES.--General
McQoeeu, one Of the South Carolina delegation
In Congress, has published q letter to bis con-