Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1837-09-30

Frfday, Sept. 80, p. NJ.
rrva'e nten'gcnce from Washington circulated very
this mornin; stating that the
carry all tser measures through
scae"e and aHand force adjournment on Monday
hs nsgence was given on the authority the Honorable
osueh onman one OF our city representative Who
days ago. stated that view be belief II is he
eVed Also that the bill for the remission on the good.
burned at the fre-he bill extending for the mer
chants bonds-haye already both passed the house
On Monday next I'd October the time expires which the
recent extensions ade action of Con-
gress this week. great hardship would merchants
From OF confidence in the faith of Congress many i'm
porers have determined be prepared worst and ac
cordingy within the last days, active demand has
sprung for Treasury Drafts which has the mar
ke price from To Il per cen-beng it3 and 1854
Taking the whole condition of the country considera
ton, the state OF partiete recent in both houses
nlerca men have given up any hope Of National Bank
two years al least There the slightest loop hang
hope upon, and the fanatica writings The political papers,
deemed the feeblest and Inpoien imag-
nable.
The snbtreasury scheme will doubt pass both houses
This is deliberate conviction-ba the terrible evils pre-
dicled of il, "nere coinage the brain" Let
plain
The government for two years come will require
for disbursement collected duties
imports and the sales of public lands, two principal
sources OF the revenue have been reduced half if
more revulsion and continued nj in foreign
trade aud speculative business The imports during pre-
year, will hardly reach 100000 900, being
exceed So 100000 or perhaps $4,000 600.
Phe sales of public lands may in proportion than
exhibited in the 1880 and 1885, before the expan
the banks and the surplus stimulated that de-
crption speculation The increasing food of emigrans
from Europe with specie in the breeches pockets will keep
up demand for the public lands But the aggregate
of the will hardly pay its expenditures for
years 10 come
II will be een therefore, that from this sub
treasury scheme will be b,tm fsem, regards any
influence may possess of currency
In the time the issues of Treasury recall OF
the fourth nstamenthe distinct negative bank
will relieve the anxiety and certainty Of mercantile
for least effect this
Of etteTentwould be separate the valuable
merca interests and pursuits from the corrupt political inter-
and pursuitsit would produce saluary
public mind, and enable the banker capitalist nancsr
merchant and mechanic TO begin quietly the coming cycle
of prosperity, which, sooser or later, will be with
Such being the OF the public mind among the
egen commercial circles day begins velope
Of prosperity, and to beget better confidence in
To-day, stocks have generally advanced shade
and money bank shares be easily raised per
Commercial pa does yet command
degree of confidence Capitalists extremely cautious Of
species of individual paper the very best be
gociated at cent but there is little Of this description
in the market that can hardly deserve Not dollar
money he raised for speculative purposesbut the
crops begin into market thcfe probability that the
banks may extend their facilities slowy.
The only bar the Of ni confidence
ba.ed the crops and actual consumption has
the sordered OF the foeign and dome tic exckange
whin the last few days. in consequence OF the wed
tyity several eminent houses and The great prospects OF
grand crop pay foreign debts the exchanges begin
Mug distinct and definite shape Since the lss
OF have varied from 10 70 2l England
nothing DONE Tho import and export of specie
entirely superseded the exchanges both foreign snd do
mestc. Indeed unit very niy the domestic exchanges
been almost without any fixed raevaryng from
per with every degree Of capricionness that could
be imagined
To-day foreign exchange Englni opened for the
packets ia TO I4 for private bisand l5 for British GO
bills Very little amount has yet been negotiated
probably today Some activity hiss taken place In the
specie market especially Canada account Several or ers
have been given English accounts but il be-
policy of to hold Oft long possible under
belief which prevails extensively that foreign exchange
fall to Ill, 49, or lis, in n very short time.
Domestic exchange also conf e no order On Georgia,
bills to South Caross, 81 A. Georgia
oil considered here healthy and
solvent In their monetary concerns in the whole
country. great deal Of Alabama paper Is In the
ket; but Is early unaeable 10 per cent Bills on
| New Orleans TO q
Thus will he that confidence slowly returns,
the balances Of trade between New York and Europe-be
tween New Yerk and the south get adjusted, will the
changes par and again in regular system
In such Of things, what is hinder The banks from
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