

Great Meeting OF Merchants.
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Oneof the largest meetings Of merchants was held
last night in Masonic Hall that we saw convened
IN New York They 10 consult on the distresses
Of the times, and the best of adopting reme-
DIV Phip Hone, ESQ., was called to the char. ne
introduced the subiect-made few pertinent re-
marks, and was followed by several ether gen'ieihe"
who made speeches and Offered resolutions.


The object of the meeting, we believe, was to ap-
point committee 10 proceed TO washington, and 10
procure from the President revocation OF the specie
circular


The meeting, and its action on this point will be
entirely useless and nugatory. The revocation Of the
Circular will hardly help out of the present pres
sure We lcant entire charg in the action Of the
ritole government. The immediate assembling Of
Congress should be demanded, and instant and i'm
mediate action, without talking three days speeches.
on the whole commercial legislation of the Unlon.-
The currency--the changcs-he whole trade Of the
natlon-are in a state of convulson. An entire new
system ought to be organized as possible
and that new system ought to embrace new Ma
tional Bank the organization of the present United
States bank Of Philadelphia, with its head quarters
in New York, and its principal branch in New Or
leans.


Nothing less will stay the terrible revolution now
sweeping over the country. The news we have from
England, and the interposition of the bank OF that
country cannot stop the disorder here's neither can
public meetings, public speeches, or public resou'
lions. A meeting at Masonic Hall can no more
save the country stop the terrible revolution, than
the meeting of the Loco Focos in the Park could bring
down the prices Of beef and bread Congress must
assemble. Our whole commercial system must be
refsrmed-and new National Bank created-or the
skeleton of the old one have flesh and life put on its
good old bones.


If thi', or something like this be not done, the re-
vulsion will proceed, and the next public meeting will
be Of the work people, demanding bread or blood Of
the government of ts own democratic choice. We are
in tcklish situation, and Mr. Van Buren had better
look to il in time