Litchfield enquirer., 1837-04-06
From tae N. !. Express of Saturdav.


 The whole public have been engrossed with the state of the money market the failures and the mode ot relief As to business and news, it has been sec ondary consideration. The principal merchants and bankers have been congregated together see what could be done, and the public have been looking on see and hear the result. At last plan has been adop ted by the large Bankers ofiss9ng Post Notes. which there has been no failures for two days past and the hope and belief s that the crisis has passed. The news from New Orleans is very favorable. Some of the large houses that suspended have again resumed payment; their resumption, however, will not help certain houses here that have stopped.
 MONEY-As our daily city news. will show, has been in most agi'ated state during the whole week. number of failures took place, and fears were terained that more would go. Soalarming had things become, that confidence appeared to be almost gone In this state of things the Banks became as much alarmed as individuals. and all looked around to see what, was to be done. It was evident some relief must be afforded The only mode left appeared to be to bring the United, States Bank in hid of our own gairedto Philadelphia, and had an interview with MT. Riddle, who came to this city. After much discus sion. it was agreed that Banks should extend their line of discount million and half; that the U. s. Bank should draw post notes payable Tn Europe for six millions; the Morris canal two million, and the Manhattan two million; and 1t is understood the Gi- rard Bank would draw for million of pounds sterling in all together about fifteen millions-w0uld be drawn, payable generally in about year. This it is believed would give ample time to send forward our crops-receyc our specie now west of the mountains
 AHu IeIl!lt IoL any Oaiuuce tneFe may De- ne On- nouncement this fact has restored confidence very considerably. Stocks have gone up, and things look much brighter today. It is confidently believed the crisis has passed: it will be joyful thing if such be the fact We persuaded that the restoration of confidence is the gre,est point to be attained. That there is m immense amount of idle capital is most certain. The private Gcpostes of individuals in Bank is greater than almost known. People hold on to their funds-beng unwilling to buy paper, to invest in stocks. A restoration of confidence will bring out this now dead capital.
 MoJile, March 23.-Business in Mo6ie.-Dul-- duller-duliest. Every thing is dull enough in the market, except perhaps the butchers business, and that, we believe, is on the decline, often meet with men, now days who say they can get no mon- ey and have done going to market altogether Ser- ously the times are dull, wretchedly dul-and we know not when to look for better. We had thought that general confidence beginning to be restored We had hoped it nor would we now utter a hint to the contrary. there the least gmmerng of hope of better state of things Within the past week, several more houses have stopped payment and hous; es of consequence too, which it was thought would outrde any shock. But the times are sadly out o joint among us-and business can only go along at all by the merchants rendering all the assistance possible to each other, unn the holders of the money grow in confidence and suffer their capitals to circulate again Mercantile AdU.