Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1837-06-19
NO M X n An = = T.

tiers among all those connected with
another department of paper given they
appear in the London papers On that point hereis dcca
cy there among the fools depression in this
country IN the first week OF May begins deep sensi
by on the London Change Yet spite of antci
pation the American houses in that metropolis stand man
fuiy From every Indication should be surprised to
see them weather the hurricane till they receive the accounts
OF our suspension That event. releasing the specie will
eve them in England extraordinary extent There GER
aiay every appearance that extraordinary crisis panic
pressure yet TO he endured England sufficient to
The Bank to suspend specie payments he London article
the "Tmes" indicates the Bank care
heeleven the sacrifice of the mercantile world Ths
policy might however, week. be sufficient PROSTATE
immense portion of the American trade.
From every examination have given the news must
yet unable to make up definite opinion OF the
tent of the commercial disasters that may place the
water II is almost clear that the Bank of England will
suspend be in any dangertha the of in
| forlnaion--no more
Meantime, this country currency now completely pa
getting more and deranged and deprecated We
that several Of the Safety Fund Banks dscreed by
the Bank Commissioners and the State government Among
these banks have heard of the Bank OF Orleans and Of
Chemung the notes of both Of which refused by the city
banks are otherwise taking Safety Fund of
debts The banks Of this getting into very bad
diton Under the operation Of the suspension law
calculated that very general curaiment will take place.
stead OF an expansion, as was expected
On the LIST of next month"; the thr naent of the Surplus
Revenue takes place. Great difficulty apprehended in
ing these The banks bound by law the
nstalments specie the notes specie paying banks Sup
they refuse has the general government the right
IN the OF bonds against each Of
the state banks, and shut them up! Has the United
States Courts the of Court Of Chancery Can they
not under the emergency inuncons and shut all the
government banks that refuse 10 comply with the legal
mand! There important consultations taking
place among the government banks of this city in relation
their conduct the LIST of july far the Surplus
The Treasury Department full of trouble and difficulty and
do but that each day will increase those troubles
We do verify believe the OF further explosions
and exposures between the Treasury and the Treasury banks
The great quesion-"Wil create bank " is
still agatng the public mind From the
by the prints would appear that they afraid
favor OF National bank the restoration Of a
general exchange The Albany nancers have received
learn, rebuff from the powersa Washington From
sent appearances the administration appears be favor Of
issue Of Treasury Yet disposed think that
the opinions Of President Van Buren, and his cabinet
of confusion and chaos His message the Congress
will be curiosity and wonder. What will he recommend
what will he say! what will he do sour suferings nol
| erable.r oh oh! oh.
The Brooklyn and about dozen banks scattered
the country still paying specie for THAR notes. Solar
good-but few scattered institutions here and there
hundred effect little in returning specie payments
when the Of general governments
caprcous and absurd The restraining and suspension laws Of
this and other Stateand the action nthe general go
leave the whole financial system Of the nation in
Of confusion and disorder Perhaps Congress do
something but who tell what that something will be- This
financial crisis may end the former tariff crisis did in 1888 A.
in compromise law, detesed by all parties but the
of anpathes Of sense science, Cancellation.
In this dorganzedstae Of things and opinions the specie Of
the country gradually Disappearing During the last ten days
floods Of small notes. Ones hrees have been issued
upon New York by the New England banks, OF which
no one Of before These exchanged for
city par-hee sold for specie and the specie carried
New England he divided among the coniederaes Anew
Exchange Company in the face OF the restraining
law Just announced from street. ready tosue
small bills in order render the currency still dcpreca
ted These bills redeemase in speciemerely in other
irredeenable paper Thsisthe first ofthe bubbles of the
day. and If il can forcing circulation $4,000
500 notes, will disappear morning before
| breakfast
This Joint stock concern no dous, impuden bubble
and imposition and all that have the audacity
,ossue paper money reeemabe in paper Such ope
rson will only tend and make the specie dsap
pear When the agnafs issued in France all gold and
silver ewhen bank England issued paper money all
bullion disappeared Heretofore the restriction upon banks
of q and up wards permitted specie circulate
but the circulation Of small rrceemabe paper money from
New England Joint Stock Exchange bubbles ia Wall
will entirely disappear No issues OF small
ought by the cosmunty equal
gold and redeesabIe la those metals demand
Every thing trick, fraud and miserable deception
GENERAL MARKETS.
KGw YoRx, June nth, p. M-Busness rather quIr,
TODAY, Auction sales we're small order. remark
thcr Improvement In -four Few sales made IN Western
at BIO 25-some hold II at ss5o, sales Mt latter price. New
York southern brands remain, without material change
Cotton quiet Nothing further IN Tobacco
Auction salcs-1o bales almonds q flc ~ boxes slecd
do NJ i2; do raisns $780, - bags Lseuira coffee ~
81; q bag wheat soc; 81 boxes starch &C.; 20
chests ~ Soc ~ boxc. hook wine n; lOg
small india crackers lis 6d 3 81 large do do
I2 100 cases olive oil ~ 10 do Bordeaux white
Al al