The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-10-06

to substitute II his place one OF the pIunderers
of the Cooperation. When party conventions
60 to such lengths as to supplant worthy men
for the refuse of the community, they are eati-
tied only to contempt and no man who has the
interest Of the city or the country at heart viii
be bound by their action. We shall see, how
ever, what the upEhot of these conventions will
be, and we fancy that we have great many
scores Jet 10 reckon up against them.
The Suspension OF the Artisans' Bank.
and the Tribune and Times.
The Tribune ard Times are making Q great
bluster over the suspension Of the Artisans
Bank, and are both trying to say great deal
about it, ard yet tell a. few facts as
possible. Under the plea Of unrsveiling the
mystery, they are throwing dust In the eyes OF
the public, so as to hide their own completely il
the affair. Their whole course, however reveals
the fact that they are treading upon dangerous
ground, where one misstep may show to the
world the part that they have played
in this financial drama. They have attempted
to drag Benjamin Wood int the smart
and make him responsible, when, lie
fact, be has no more to do with it than
about whom so much has been said, he has no
connection whatever with it. farther than the
appointment of Mr.. Plat to the Chamberlaincy.
The fact of the matter lie, the whole difficulty
has been brought about by a family quarrel be
tween those two journals and their managers.
sho ~ NJ he ,,,Ai a. 4
ceedings and that of the stockholders over the
question of Receiver, that Mr.. Camp Is share
holder in the Artisans Bank; be is like.
wise large owner of stock in
the Tribune Association" having purchased
McElrath's interest when that gentleman failed
in the Nassau Bank, and wields more or less In
hrence over the course of that journal. Mr..
Stout, the former City Chamberlain, Is large
stakeholder in the Shoe and Leather Bank,
which has great power over the Times, through
funds advanced on the stock Of that newspaper
association, which lice in its vaults hypothecated
These gentlemen have thus been able to get up
a newspaper warfare over their operations in
this affair, which has been conducted under the
pretence Of looking after the public interests.
Mr.. Stout was appointed City Chamberlain by
Fernando Wood, soon after his first election to
the Office Of Mayor, and was retained by Mayor
Tiemann. AT that time Mr.. Camp was stock
holder in the Shoe and Leather Bank, where Mr..
Stout deposited the city funds. Those two gen.
nenen were alio on quite intimate terms, and
were engaged together in several schemes; but
at length they had some misunderstanding
about an eighty thousand dollar legacy, Of which
sir. Stout wa one Of the legatees. Since the
last Legislature passed the act extending the
term Of tfiice Of the City Chamberlain, Mr..
Camp, We are informed furnished the
Mayor q statement in connection with
that Legacy that made him have fears
as to the safety Of the city money. He
accordingly appointed Mr.. Plat, respectable
merchant. in his place. That gentleman trans.
terred the funds Of he city from the Shoe and
Leather Bank 70 the Artisans. The Times i'm
media,ei- opened it's batteries, and Mr..
stout operated upon the Clearing House and
the banks Of the city. by managing in some
mysterious way 20 throw suspicious over the
operations OF the Artisans Bank. The bank
was TINS forced 20 withdraw from the Clearing
House, and tbs was followed By systematic
attack on all sides. until, at last II was forced
to yield TO the pressure, and now the Tribune
and 7Triss are both engaged in misleading the
public, for fear that the real facts will show the
rDsoundness Of their concerns.
Loans made 70 Senator Douglas we are told.
are among he causes that brought this trouble
upon the Artisans Bank but In this, a. In all
other statements. the main history is left unno.
ticed. Some two years since. when Mr.. Doug
las was engaged in bis Senatorial contest. II il
stated that he obtained loan Of several thou
saad dollars Of the shoe and Leather Bank.
and after the quarrel between Messrs Camp
and stout 1t was transferred 70 the Artisans
Bank through the influence Of the former.
There being an impression at that time in the
minds Of the Tribune philosophers TIA, they
were soon to have the Little Giant with his
bag aud baggage. In their party, they took
special interes, In this loan.
We thus End these journals mixed I'D In this
hght and At the very bottom OF the imbroglio.
ard Jet dolog al within their power to mystify
II. 10 prevent the public at large from seeing the
utter rottenness Of their establishments. They
are carryingcn this republican family souab-
bic over the city funds which each desires to
have in the hands Of their friends, to bolster
themselves up, and enable them to scatter
black republican dogmas throughout, the North
ern States and are trembling les, an investisa-
ton viii reveal this fact 10 the public
TIE TAssASr Faction CoxTSG Or 81 Irs |
suit--We perceive that the Tammany faction
i coming out Of Its shell At last, and support.
ing The union electoral ticket II Il about