Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1837-09-16
M,OOe,OOo


Aggregate. s7,oOeOoO
These engagements fall due gradually in the cosrse OF the
year. possible that pooss of the lsan effected by Mr.
Jaudan, may be renewed This operatin may redu:e this
years liabilities of the bank and still leave large amount
be regularly met with funds In the early part Of
the the bank shipped large quantities at the low South
pricen the later part higher prices In Liverpool the
bank controls large quantity of these shipments but is be-
eved agents keep back from market until their engage
demand sale. To this movement some attribute the
advance in the price in cotton.
this should be the correct solution il is to perceive
that the rise in will be permanent The price viii
hack and throw the exchange into their former condition.
1t is also believed that similar policy has been pursued by
the Morris Canal other houses engaged the
trade.
Again-he money market in England is beginning
qure stability since ascertaned that the Reform
had triunphed the House of Commons This arises
peculiar views the Conservative aud ocofoco par
ties the The English Conservatives hostile
joint stock banking of that country. On the
rary their locofoco would call them here, Reform
they themselves call hem with OConne their head,
decidedly friendly the joint stock banks and redeema
BILE currency The last House Of Cormons had commenced
examination OF the banks both private joint stock,
in connection with the revuson. The committee
ported many bad practices much that the Coner
vaves indicated strosg disposition close up pat
end to the system altogether The result Of the eec
on will wherefore preserve intact, the existing banking
OF England. The revulson in her American trade will
gradually disappear and her manufacturers will again find
employment after the OF the world sa have
covered from its diapdaon, as ii must do in course OF time
From every part Of the world specie and
produce rolling into England These viii at
give strength her currency and materials for her industry
Probably during the last six months $oo00o0 in specie
nearly that amount have been imported into that great empo-
rum oil the world.
II will thus SEEM these facs that the of
werld gradually recovering from its disorders and time
is restoring the healthy tone Of its action.
In this country the symptoms developing them
IN.
lows-
Treasury notes-an issue, sao,ocsooo
Renewal Of the suspended bonds, le,00oOO0
Repeal OF the October instalnent, 100000
Aggregate measures Of relief, S3e.5co,c0O
Thus will be tina, the government proposes nearly
&4O0o0eo0 in shape of relief towards the
Treasury and the mercantile Interests One Of these measures,
the repeal Of the distribution affect the engagements
and the but that that the nea
should not The nett amount OF relief proposed by
IL measures may realize something like o8c co., partly
in the shape of extensions and partly the creation OF new
credits tai the place OF the redeemabe bank currency
Opposition may undoubtedly be made TO these measuresand
much debate createdbedes emissions Of Patri
oc inigna,n but from appearances disposed TO be-
eve that eectua bar placed to their ultimate
These times stick ceremonies IL Congress
the it the beter The "divorce Of
government from bank much talked Of i'll hardly be
mootea; and the attempt to identify these with an
ideal Treasury bank will equally fall ground.
Taking all these they dc cto, issue
OF credit take the place of mercantile and bank
credits destroyed curtaed by the revuson BY terrible
Encouragement during the last three years, both by
banks and government the country has been thrown into
condition unprecedented in the annals OF The
banks slowly recovering and is to be hoped that
ment basks and the merchants viii all unite in the plan
OF getting the country Of difficulty fast possible
In consequence of these and indications OF events,
tsings beginning brighten up little Stocks rising
sewly Exchange closed today 12 l21 for the packets
tomorrow There isle however going forward The spe
Gle market is active but rather lower prices The great
influx Of specie has meauraby reduced the per ceniage
Probably ss5ooco will 20 abroad tomorrow to France and
England
Snles nj the stuck Eyohangc.