Richmond palladium. [volume] (Richmond, Wayne County, Ind.) 1831-1837, 1834-05-17
THE TINES.

While the excitement continues in rela'
ton to the Bank of the United State The
public deposites and the currency the
country we must be expected from eek
to wed to say word as to the tin p
with REGARD to the Money Market and khe
condit oD of business generally. 1t cal ot
be questioned that the Money Market is
|easier\at this moment than it was sixty1ays
ago. We may ms~aion some facts in psoof.
The RI nnsyNania Loan Of yra, 5000.
which om a pressure in the Money MAJ q.
Messr. s. g. NJ. Allen, were unable =,
has, sin AaaSperiod been take~py th-
er hou his city. A Ba,smo.e for
a Largo II has also zen 49, e.
YOUR 5. WEI ns. =
luzs ..as;al w
l ks i1ty 's DAYS. 6s s Ne ss 6 =.
housesRre more readily discounted n Bank,
and PAPER that sixty days ago flooded the
market, and was offered at ten per cent a
month has disappeared from the Brokers
change. In short the shock has in a great
measure gone blythe storm has spent its
fury and there is comparatively calmfnthe
money market. We do not mean toVeay
that money is more abundant, or that good
paper is readily discounted at the usual and
legalra rate. Far fromit We believe there
is as great a scarcity as ever, but md pf
those who were in delicate circumstances
who were not prepared to stand ! sud-
den and unexpected crisis have gone by the
board-while others have contracted their
business. gathered up their strength xpnd
paused until the panic has subsidized, and
the sunshine of prosperity and enterprise
bursts forth again.
The Western business too-thaf IS The
business with the West-has been unusual
" brisk the present season. A gres PM
Der of Merchants have visited the kic
cities-have bought largely and pad err
ally We conversed no longer than IT
day with one of the most extensive Die
sale dealers of Market Street, first rate
business man and one too who has made an
immense fortune in the trade with the
West. 1Wel,' said we, Col. p. how is tusi-
ness with your tNever better'-he' re-
Piled. Since have been in Market Steet,
more than sixteen years, have never zen
SO occupied as during the present seq bon.
For the last ten days have been unable to
dine with my family and have frequent
" been compelled to remain at my aore
packing up until twelve o'clock at night
Indeed we exclaimed. 1T IS true' he
added. But for all this money is scare
very scarce, and it will continue 50 Until
the panic passes away and confidence re-
''e %sd rae. .s.u it pas. away T.
will it be restored? we asked.
He took of his hat, drew hi< our
side and said-"Not until Ii pen
and politicians cease fomentt 4 Aent
throwing into circmat5n, saspi-
cions and speculations as to the credit Of
this Bank and that Bank-not in sboxt pnfil
confidence is restored between the gofem-
ment and the Capitalists Of thu toqttry-
The war between the Bank and the admin
istration has been sad one for the Pesple.
do not take sides with either. ekeve
both have acted unwisely, foolisl butboth
are human, or rather governed By heman
beings and influenced by the weaknesses
and prejudices Of human nature"
We will conclude by remaining tat NON
ey is still scarce and must continue s(arce
while the B NIX Of the Un;to3nSfatesron-
tinues to retrench its discouxts = The rate
Of fifteen millions year-mless anofher
institution is established in il place. While
this retrenchment in loans i going On, bust
ness will continue comparatively dull, from
the fact that the immense mount i1ye1ed
in the stock of the Bani d the United