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By the Express Mail. Correspondence of the Herald] New ORLEANS, May 13, 1837-12M. The die is cast. Six of our banks suspended last evening- Atchayalaya, the Orleans, the Carrol- the the the Mechanics' and Traders', and The rest will follow today or on can save them under hearen. Louisiana. ton, Nothing City, Forstall, Monday. the the of the French banks, admitted last evening and while he did so, his lip at the tyrannical course of the necessity, leader anger quivered government. with The of French protested bills from and Paris, will place these return Havre daily four losses expected Creole will far in the back ground. Their The pet banks will bank hours are closed. monsters be immense. before certainly They would declare have tothe first batch, but for their joined day, with predict position that with the the government. I venture to whole of the government deposites throughout the country will be unavailable in coin in less than two months. Thegovernment, by suffering the state banks to has been caught in a trap. will treacherous, and will glory in suspend, prove The and it. pet banks They what have the funds in their hands, Some think that the care they? government Kinderhooker the whole knew how would go, and determined that to should be lost, to gain his surplus things and poist-that then propose is make all the state banks unpopular, fund a specie currency, to precede his great safety measure. There is no telling the depth of this man's mancuvering, or his ignorance. He is either a alone consummate knave or a very ignoramus. Time will show which. I am inclined to the first alternative. We bear things philosophically here. As yet no of public opposition are shown to the There will probably be none, as measure. manifestations exchanged the them small for holders of notes have long since Our specie, under apprehensions of this movement. population here is not made up of the refuse of England, Ireland and Germany, as in New York-and hence our quiet. We daily and hourly look for the news of your bankers having stopped. What can save them? The United States' Bank will be compelled to follow suit, if information be correct. Their agents here, the Merchants' my Bank, are only waiting for orders from Philadelphia. well versed in these matters, has just told has made an estimate of government A gentleman me he the the loaned out in the various states by pet the former fictitious values of and loss to the goverment of banks moneys that the on will be things, certain Add this to the public made the suspension, and the government unavailable twelve millions. by for its funds expendiwill be compelled to borrow money tures November next. Is there any in the that the privy council has report before ordered truth the it? Bank of England to suspend if necessity require Prices of produce in statu quo. Just heard-as the mail is in-that all the Mobile banks have suspended. So we go. NEW ORLEANS, May 14.-Suspension of Specie The long anticipated climax of our caPayments. lamities broke upon our city yesterday morning. Me- The Presidents of the Bank of Louisiana, City Bank, chanics' and Traders'; Carrollton, Atchafalaya, and Bank of Orleans, held a meeting on Friday evening came to the determination, and accordingly gave and noticethrough some of the journals of the city, that they should temporarily suspend the payment of spefor their notes. On the opening of the Banks yescie morning, a tremenduous run was made upon Smaller notes were some of them, but all notes over terday day, all of by them. cashed during $10 were the refused. pervaded all classes of our comPersons were seen running to with their hands munity. A general dismay full and of from silver.- the sent large billsaccompanied with home their silver: those were to Others, to Banks, bring and again, returning with the tellers. obliged boxes return finding no favor believe that the motives to this measure, were any of we suppose that they had one for the interests of that selfish-did the Could basks empty, we community thing which but for actuated spark whom purely so much solicitude- any just that their course can ground feeling they manifest for believing there have which a ten- for to dissipate, in the least, t at pressure dency last two months has been preying upon the vel: the vitals of our commercial community and destroying be between man and man-could we to realize all this, we would be among But we think different. brought confidence uphold them. They have and the now first to been playing an iniquitous game, forsooth, with the plea that are restore that confidence, the so of former system of favorit.sm in voring which come all along out, their to about. they destruction has been endeawe have seen no reason for a of There h is been no run upon the instrumental As yet payments. bringing suspension of what might have been made in country traders have portion of the money they get This they have done now, produce times. banks away specie a but large The in specie. up always the for best carried their and would de in the most prosperous times. We rejoice in one thing, however, and that is the banks will hereafter be compelled to " show their hands. The next legislature will doubtless pass such laws as will compel the directors to let the peoplekkow in what manner the affairs of the different to institutions are conducted, and net allow them continue their dark underhanded schemes. We rejoice, also, that things cannot become worse. Picayune. We understand that the Gas Light bank and Merchants, Dr and they alone, continued 10 pay specie yesterday until the closing of their doors at the reguhour. All right in these institutions so far, and we lar trust this state of things will continue. SCENE IN A BANK.- An Irishman entered one bill- of banks yesterday, and throwing down a $5 our Will you be kind enough, Misther, just to give me the spacie for that same bit of a bill? No, sir. "What! can't you be aftherpaying such a small sum as " that, We have at all, suspended at all?" paying specie altogether! Suspended, h ve you? And is this the institu that cannot pay an honest man five doltien, that sure, you have had a man parading about with loaded lars, musket, all the long winter through, to keep thieves? If you had a pig, or any thing valuable but off protect, 'twould all have been right enough; Och! such to a poor, miserable concern as this 18, sure. botheration to you, and the like of you!"--Ibid. there 80 much liquor drank Orleans Never was in of day as yesterday, and all on account men the in the one suspension of the banka Sober steady
