The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-03-20

Comxo FROM UNDER CovER-Mr Wcldel at
l,t bsa come cut as the owner and mar ager of
the Washington Un:cs. he is remarkable
msa-a shrewd lobby tacticisn from the high
school at Albany a keen politician, and prsc-
tics. printer. He brst secured the Congress
printing some years ago as the lowest con-
tractor; bu. under his contract the work was
done 10 execrabiV, and his bill of deficiencies
WAS 70 heavy withai, as to disglst Congress
with the coatract eystem, snd 30 they sbsn-
doned it, The old election system wss restored,
and under the late republican Congress Mr..
Wendell By a remarkable majority including
men of al parties. was made The House printer.
Ni- terms, It Is said, however, awere ten thou
esp6 dollars tror sorae body in behalf OF the plu
raiity rule which elected Speaker Banks, aud
ten thousand dollars more or lesa, in aid Of the
| democrats in the Presidential campaign. In
| the Late election Of house printer, Mr.. Wendell
vse defeated bys powerful combination Of hun
| gry country EDITORS ana loa!ers from Ohio, Ten
nesses and Virginia; but ne has conlrived to
! make even tais defeat q substantial success.
| From his former savings be hes established
| splendid printing Office said to be worth $500
! 600, and the parties that have -upplsnted him
| having nothing Of the SORT Save been con-
PEELED to hire his Office for their work :; and
we may rely upon It tha. he thus secures
! the lions share CT the spoils- His local
| competitors for these pubiic printing spoils
are wallsoh Of the Star He;ss of the States, and
| Rivss CT the Gjo6. Wailach las secured some
| comfortable sop- from the Executive depart
ments Heiss, as yet, has got little or nothing;
| but Rfves always contriyes, in the Congress re-
ports, to Ct! good belly full.
As the exclusive owner and manager Of the
, Cn,on, we shall soon know now what Mr.. Wen
| dell Will do with it as the wou!d-be special
| uouthpiece Of the administration. The paper,
since it, change Of name ffrom the G'ot~, under
the able editorial management Of Blair and Ken
DALI has been q sorry concern ss 81 organ, and
every succeeding change CT its managers has
| only made 1t worse Mr.. Wendell is not q
writing man, but be is practical business man.
and Will probably do better in his selection of
editors than Mr.. Harris. Mr.. Appleton or Mr..
| Nicholson; and so lot him drive ahead
| ----------
Mo8s DEVELOPMENTS OF BANK MANAGEMENT
| The examination of Peter r. Nissan, the re-
| ceiyirg teller of the Union Bank, sheds further
| light on the extraordinary system upon which
the banks Of this city are managed, and COM
| plataIy deprives us Of any right to deride the
! PhiiadeIphians on account of their troubles in
| connection with the Bank Ct Pennsylvania. Mr..
Kisssrp. icing ssked chow often is /: the custom
| in tie Union Bank, If ever to balance the &C
| counts Of his customersr" answers unbesitating
| ly. There is no regular habit about II, the
| books are balanced whenever the bookkeeper
| choose" In answer to further Inquiry. the
| witness stated tAa. he Ibid not know Of sny
| outside dealer with the bank whose balance had
| been furnished him" Altogether the business
| Of the Union Bank seana to have been mostly
| left 10 the direction Of Providence. If things
went right, we'll and good the bank got its pro-
| it- and the shareholders their dividends; If the
| bank was robbed, il was IN unavoidable misfor-
| tune" and the directors we're indignant at the
rascality OF mankind. A. TO precautions agains.
robbery. checks, foresight and prudeoce, those
articles do not seem 70 have been used at the
bank, even in the smallest doses There Is no
grocer in the city Of New York whose business
il not more judiciously and methodically con-
Quoted than that Of the Union Bank seems to
| have been.
II now sppesrs that The sSsconding dcfaulter
Brotherson, like almost ell the defaulters Of the
day. was n stock speculstor, and previous to
1853 had made money. 10 that year, and the
following, he was heavy operator on the bun
side, and was overtaken like 10 many others
With heavy load of stcoks by the crash which
| followed the denouement OF the Schuyler frauds
The fall IN stocks ruined him. Ever since then
II is said. he has been struggling to make up
his losscs ~ stock speculstions and to repay to
the bank the money he took from IT, but the re-
suit proyed-what Is always does In such cases.
Each fresh speculation plunged him deeper and
deeper into trouble.
The most curious part OF .ho current story IL
that the directors were well aware Of Brother
son's speculstions, ard coun-elled him how to
operate; themselves being great Stock opera
tors. Can this be trues The Union Bank di-
rectcrs owe il 10 themselves 10 explain this
charge.
| AERNAL OF Tus BARK ADRnIIc.-The safe
arrival Of the bark Adfiatic, after her second
narrow escape from seizure 10y the French "
the Gulf of Spezzia is subject of general con
graduation. The pluck and dexterity shown
by Captain Durham in making his escape from
bis csptors will doubtless make q lion q bin
especially in the nautical world. Had he been
10 the least to blame, no voice would have been
rai-ed to Justify him here but the unanimous
continent Of our people is that his condemns-
tion--under peculiar local law Of France.
which could no, by any chance be fairly opera