The herald., 1837-05-06
MI IN Z Y M A X X y Il.
Saturday. MAJ

MONEY MARK KET.
Saturday, May o.
The panic ncreasesno dmnhcs Yesterday, bank stocks
fell any day during crisis Even the United
Bank begins shake the wind 1t umbcd FROM ios
few hours aud fears entertained that VIII
below Its condition beginning to bc seriously qu'S
tioncdand the good management orMr b ddle doubted
that its operations in bonds and post ho'es vi"
involve in The extraordinary failures already faken
place. and the dread Of what European aEiya may on
u matey affect the pap,r which the United states BANK
took exchange for post and oher securities In add
ton this generally nored In the street that failures and
bankruptcy the south and south west will eventually impair Its
VIII be recoscted thai when the old bank closed 1t
sold the debts oft branches last year. on credits Of
two and three years any Of these ntamens have been
paid The existing lnary bankruptcies will affect dee y
the assets several purchasing banks Probably 8 ooo
the the United states Bank assumed by
banks without other aos than the evency
institutions the ultimate goodness Of the Individual
dealers In species ogenea bankruptcy the Of $780,
eooooo the atr banks suffer severely. ew for
only point the banks in Mobc New Orleans and Buffalo
In each ofthosc cities the cvon has the land with
Tremendous fury.
From these they based ndspstabe
daae United States Bank begins lose its good and
its high standing BY the latest made to the legislature
Pennsylvania consdeiay received by certain the
streeits stock of spcceits gen
ea condition believed be weaker than
sion In few days probable the Globe will with
general and investigation ofs condition Whitney
already been writing this city the general subject the
trip of DIR Bde to Washington had for its object general
with the calimy equally be
dreaded by tie state banks well the United States
In other bank stocks but especially the Mechanics
Bank ihce similar panic The losses Of the State Bank
positively denied by its cashier and other officers They say
whole amount of loss by returned das kpt
viii exceed $4,000 Yet the face Of these reading
potestaons, Bank fell yesterday cash Il certain
y singular want Of confidence the morals of bankers,
when their solemn declarations their pious
believed Yet The leasing out concerning
the management Of the State Bank, Of such
stagger the confidence Of the public any The
Baak believed to be heavy loser ope
not speech certificate from Mr. Commissioner
would shake this belief ON the nds Of business PEOPLE
The run Mechanics entirely ovr There never
any for IT, and of the public finding its sol!
undobted quit the foolish call for specie
Mechanics Baak considerable yet they will it's
solvency ability redeem its aud deposilors We
learn that the two brokers who connected with the
transactions Of the amented Mr. Fleming Mess A. B. Hax
James G. Smith One both of these gentlemen
confidential correspondents Of Reuben NJ. Whitney Wash
agen who, agent d the Mechanics Bark there had salary
of ssss aad the p kings. For ae past Mcssrs Haxun
smith dealing largely buying and spr cent
month"; commercial paper Their checks always
at the Mechanics Bsk where generally supposed had
depesis Mr. Smith freq Ienty negotiated paper
city endorsed them ard drew his checks against
the the Mechanics Bank. Kr Haxtsn also
gagged the capacity The failures Of Hicks
renee Co.. Josephs als others by which Mr. Fc ming
and his lost have brought the matters
They have bcer ons saspec,cd b.s m tn. general
could oaly be sufmlsed.
asonoW ocieSeo tat he Two otef government banks IN
this city, Manhattan and the Bank Of America have had
their trail each snlar clique of ged buying
and selling and nancerag the funds Of 60
the profit and advantage Of thu conederates The
head and fountax ofese cQUes Washington prncp
Mr. wnitsey, If Mr. Kendall In short we shall Nc
prepared hope, the public further ss,ound ng
revelation Poor Mr. Fleming his fallen to these gen
and probably fore May gone Others may un
fortunately have to follow h, nd upon his fate.
The rapid and accamuans pensions onsh ALL During the
week can estimate sxtesht rgs houses
fc suspcndrdprncpalIy obbersfo amount equal 20
fosay ofdoUars Thca arc sstima ad hyry
ntsns but many believe, that owing the dcasgcmeat sf
fall OF goolshc dsluas times not o su
often pay 10 the dollar whole number Of
failures day for New York aonc which q are
jse-rs Now what amount have these obbcrs gone
should hiak about seoeooc. whJ sursl The Importers
many ,ssrs in the hundred
would them how muchl Two hundred thousand
dollars they stand this ossl 70 question let the
future reply.