The herald., 1837-05-13
M ONEY MA II X 4 II.
Saturday, May 13.


day sales Hat The runs on the banks previous
the suspension large into markeand
Il Is drug in Wall street.
The Board engaged warmly again yesterday
the aec of suspension Of specie payments in relation
stock The question not yet decided Stocks
fuctuang and unsteady-little is doing.
The great topic Of the street the law about be passed
by the legislature auhorsng the banks continue their
pension of specie without foretng their charters
The suspension endure for year. of the proyi
sions Of this bill If passes into law will bear heavily
tain banks in the city, doubted whether several of
banks VIII not be wound and closed Suspicious are en-
tertaned Of the of the Manhattan the State and
the Mechanics Large loans have been made the brokers'
default of the merchants Throughout the state should
pose the effect of the law would be close the doors of many
banks finally and forever Many amendments, and much
position, will have We tell therefore,
what the operation of this bill may be- till it shall have
passed both branches Of the legislature and become law
possible that of the banks embraced in may resume
specie payments before the limited period.
In the mean tinie the whole financial and commercial ma
chine j. and getting into confusion The govern
men has refused postpone the payments Of bonds TIL the lst
of January This refusal is grounded the imperative
obligations OF law Mr. woodburys letter that effect has been
published and do how his reasoning be nya
dated The suspension of specie payments by the banks more
aud appears have been concerted movement through
the whole paper money conederacy AT Providence, the
cheered its reception and in one hour the whole
their banks suspended specie payments So in New Ia-
in New Jerseyso in Philadelphia In Baltimore, the
banks cautious remembering the produced
by failures of the Bank Of Baltimore The United
Bank has suspended in the following form:
In consequence failure Treasury of the United
States 70 pay the demands upon IN specie the Bank Of the
which Is unable to realise has been compelled suspend spe
The government through its depostc banks having failed
meet its the Bank Of United
Wheneser the rovernneni i aJx ~ & pay ie nav,
men the Bank OF the United States will be ready cooperate
with the treasury Tor that purpose.
BY this blame
pension on the Treasury Banks There believe
however, that the whole thing FROM a pre-
concerted movements political det in order bring
round return of the of the United Bank We
have objections provided Yet are per.
suaded this suspension will destroy ,hs reputation
concerned in IT, The moral of the community viii
approve it, The evils have been brought about
potcianshe grossest abuses of the banking system
ken placeand the terrible issue yet be II is
often that agree with the Washington Globe but the sen-
cnts contained in the following paragraph securely
founded on truth and morals to be doubted
The attempt viii doubtless prove fatal every bank that
ed In il And We were as Wiling to destroy the whole
n in s Sop ssou %s ore Ss
hsence upon the public mind than 10 see the banks under
iheir paramount ogstioa to the public Il / only to the faith
put BY the people in The scrapu9as s redemption q their
power Of skng their issues The greater portion Of the ereua,
public intelligence legislature. far sanconing the
procedure make rredeemable issues viii de-
wise Summary to forfeit the charters Of such have fail
ed, and TO enable note holders 10 reach their assets
This just reasoning, from whatever il The
extraordinary fact that ALL nearly ALL the banks
try should voluntarily violate their i 10 the public NTH specie
tory of no other country presented II will
not come to good Specie daily conveyed secretly from
the banks, in order be removed foreign countries The
people are cheated and deceived in order CRAFTY
and spectators.
GENERAL MARKETS
Xnpr MAJ
continue to hover There has slightest
change IN the business Of city last
today have been extremely limited We nothing of mo-
men 70 remark at private SALE In the dry goods market we
have not much notice auction few goods are dsposed
OF but at extremely low prices Produce continues TO mr..
rive dow the ryers rasn.i~s The weather this
day is delightful.
Four-Imported the past week from foreign countries o
barrels 3So barrels sour Hour sold today q 2 there
has been rather better demand article oday western
sold at ~ sal2l; New York al s725 81 5o southern
at ~ a $3.50
Naval storesTran-acoss Of articles under this head are
extremely duh prices merely nominal
sait-rhere has been rather limited inquiry for this article
for the past few days We quote Liverpool Ashton at
F50-othe kinds 81. 40 small lot 200 sacks damaged
was disposed Of yesterday auction Al rs CASH
The nanber of sacks imported city from Liverpool
amounts to los7s and 1900 bushels from Island Few
sales OF this Kind take place at 81
CoalThe only transaction have TO remark l. sale of
about GO tons Liverpool sa which decline Of fully 20
cents
FreghsAre rather dull Iavre at n a IA cents They
are filling up to Liverpool At cotton and .. cd
"a IS. on naval stores
Coon-Rather better feeling has manifested itself i'm the
market since the suspension OF specie payments and the article
Inns advanced fully cent 1900 bales have been sod
the past week up to this day. at el average The
average quotations are "A to II cents
Tobacco-The market still continues In the same inactive
state The only sale have 10 remark auction OF about
20 baics at "a cents cash.
SugarThe market Continues dull We notice sales Of IG
hh prime Porto Rico 81 a cens-io brown IIaya
IA OF -ao, about 60 boxes white Havana nj 60 y cash
Grait-Transactons in wheat last quotations
snail 10, Of damaged went of =, ~ a 90 notice
sale Of about 5000 bushels foreign yc cents Imported
this city or tie last wcck up this day. 1850 bags rye
and 1880 bags wheat
Action Sale-f9 raisns at Si35e hhdS prime mo.
iasses, aL2s 81 cens-o kegs raas s2gboNes olives
at so cenis baskets champagne "A 2-G5 cases salad
oil Mt ~ f2o bags coffee n = 9s-oo boxes rsns da
lnaged, Is centso Muscat wine a 3l-S tons
Eaglish bar iron at s45 per Terms cash.
Receipts of Produce75o barrels 1ourto do nhes-z3 do
provisions.
correspondence OF the HeraId.l
Received per Casper Hauser-
HAVANA, April 18th, 1851.
Transactions in colonial produce extremely lsngud-s
sales made for cash. Cnycd ~ G 81 io Browps
Ha5l yeIlows6a6l whites ai0c. Coffee as per class
6ss Molasses VI as Exchange United States no
hershus causing the best paper impossible negotiate Eng
Haf6 Yosrs Ps
Nxw BEDFORD, May I0h.-Some thousands OF gallons of