The herald. [volume] (New York [N.Y.]) 1835-1837, 1837-05-15

mister do nothing for them will apply TO that es-
Enlistment, and the directors cannot refuse them
without admitting that their legislation has not only
been partial but short shrtcd and puerile We will
not venture TO say what the consequences IN ght be of
many similar applications, but sincerely hope that
the Bank OF the United States will promptly accede
to the proposition of the Bank Of England which
would arrest the mischief and gradually bring mat
tiers TO wholesale state.
The official return of the liabilities ana assets of
the Bank of England for the quarter ending the 4lh
instant, as compared with the statement published
last month"; presents an increase in the circulation OF
254 oOO decrease in the depostes of 2O66, 0OOl,
decrease in the securities of ,O6O, and an in
crease in the stock o. bullion Of 3o00l When it is
recollected how extensively the bank has been called
upon for assistance the increase in the circulation will
be admitted TO be comparatively small. The reason
of the decrease in the deposcs and securities must
be obvious TO every who is what sacrifices
all parties connected with Commerce have been COM
PEELED to make; and until confidence is restored and
wholesome state of things brought about every re-
Turn may be expected to show the same unavoura-
bic position. The gradual increase which has taken
place IN the stock of bullion Isl however, more cheer
ing and although the present amount is mere ba-
gaelle it gives hope of better times.-Ibid
STATE OF TRADE MANcHEsrER.-We regret to
state that the pres upon the mercantile classes IN
this neghborhood continues undated, and the dffi-
Guilty OF selling foreign produce, except at rlnous
sacrifice, has induced the merchants OF Liverpool to
send depuation TO London, with a memorial 10 his
MaIesty's ministers, praying for an advance oil Ex-
cnequer some measure OF reIeI WIFI
out which the memoraliss apprehend very serious
consequences wllensHe TO The commerce of the town.
We understand that some communication on the sub
Iect of this memorial made from Liverpool to the
Chamber of Commerce in this town, requesting the
cooperation Of the chamber in urging the subject
the consideration of ministers. meeting of the di-
rectors OF the Chamber of Commerce consequent
ly held yesterday, when the subject was very fully
discussed; and understand it appeared to be the
almost unanimous impression of the directors present.
that some assistance to the merchants of Liverpool
highy expedient but that so far regards this
town Notwithstanding or two recent eveats cal
cuated 10 diminish conldence) there was necessity
for any such measure.
Not only were the stocks of finished goods and of
yarn in this neighborhood stated to be generally light
but il appeared to be The opinion of gentlemen pre-
sent acquainted with all the principle markets of the
world that few none of them were at all glutted
with cotton manufactures; that therefore there was
reason to beeye that soon as confidence return
ed, and degree of stability restored in the
price of the MATERIAL the trade and manufactures
of this town would be found 10 be in sound and
healthy if not a hourshing condition; and that ia
this respect there very striking difference be-
tween the state of affairs AT the present time and at
the close of the year 1926 After discussion the
directors to the conclusion that the subject be-
fore them too important TO be determined by
them alone; and they resolved TO convene general
meeting Of the members of the chamber for this day.
at twelve o'clock, when the proprety of supporting
the Liverpool memorial will be fully considered
Guardian.