The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1862-06-21
Plain Truths CONCERNING the New Or
Ieuns HANK.
[Frcm the New UsIpaus Iruo Ola juno IN

II
Some Of hs banks are, va un.e. stand, preparing
themselves for the resumption VI pas inclts, and,
In columns. the Bank e Ansrica that
mpo tt rto, has s.ca niieady taken by tna hhei to
We successfully I'D nm.screl corpora 1his Is
should be, and is ve,y coplineadube. oar
currency question been So froa enly gwen IN these
columns since The sudiy dihone ON IN Of ssptsn,.
chat IL would DE superiuous now % Reproduce tht M
but We m,y with rroin,siy ask. what earthly gvsd
g. any bank or al! individual by a. ubstds
resistance 10 proceedings that ncthcf &c set
aside disreyardsiy Is there n banking IN
stluton In New Orleans senselessy c.ndue I'd
~ suppose that tho interests Of thu community
must be made subxcry To its tht rs
profits legitimate OF iilcgtnate are the only
tiou that 81 be allowed to have weight pralts
The banks in the main pursuing policy tho last
degree aLnbiatv~v vf the OF tie pace aad dom,
exactly that lcL every sens ~ dictate o: ineru g
suggest 10 them tho roreiy al necessity e AVOID
ing. Instead OF working foolish trsyerscs be anab Cd
again 10 unhnse the COMMUNITY by fresh dcangcinenl
o. the circulating me lin, IL they would NJ cou
men,s jrdciois a1d frudcot discount business they
would speedily be in q situation OF so.veacy agan, and
in tho receipt large dividend paying prp s. r. IN
placing themselves In ts position they happen TO lose
little in The vcrsi o. hsir ,cuede ae paper they
areust able h. stand IL as were their bin holders and
dcpUaltors whop trey surgar ~ shi Gown OIL thsm
Ito l6 SEPT amber, without saying a. much by yoar
loaye. Al that time, with an absence of ceremony
as cool as IL inilri.Qus, dty cerg deLbte s.s
their pdnts; and although the Nv says u tskcs tws I,
make contract, they sctcd on o1erent principle,
grabbed the fdrds and donty declared tina they would
re, nv Its owners wen hoy L to resume sgaln II
IN ht meantime said owners did not exaust or
hour minute the smount 10 their cedit at the tue
the Of course no interest be o..
owed that squitabs; and, besides, what right has
thu dir paved plebsan multitude 10 that which prvi.
legged corporations, alone should siuoy2
Against such monstrous and indsfsnsibls proceedings
humble voice always scd, and IL is nscdisss
say that In This, almost every other important
concern Of the Ieople, every decent, sensible and
honorable man and Is with II. = rotrograis
movement again 70 aict this comm nifty III amat-
momentous this currency question 10, We should
deplore md tsrt cate ~ ss misfortune NJ its nss
qusnce appangly alarming, and thc very attempt TO
produce result upon the Part u any banking
poraiuu only another oorrobUalve prof of The utter
gnor ance which W. have shown exclusively directs thor
affairs. II certainly does look G II every honorable
and Just principle of conduct abandons men tho moment
they take their seats at . bank beard;
otherwise 10 In not conceivable that mo spectacle
these concerns have presented to the word within ths
last ew months would have occurred Bet IL Is their
stuldity rather than their knayery which surprises
Can they clearly perceive that IL by any leger-
demain they coHld contrve to have sono opportu.
nifty given them TO resvs their Golfers AZ tho VI
the public IT would amount 20 absolutely nothing for
the instant any court of law open or opened here pro-
tending the aiminist alton Of justice, SUITS nnumera-
bile, f harsher measures would be resorted tocom
pol a fath.ul cvmpliscs with Their engagements Il is
perhaps TO oer sensb ocounselto tie bank pco-
pie With tears In eyes at their etched iubOc =
how oten hlve we thrown wisdom and brains away
upon them aud hal their maledctions in reIurn; yel
after having caused great embarrassment 10 the Con-
fode sto government by their snor mt selshn thoy
still fancy nsw dodge will avail them with tie other
side.