Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1837-07-27
MOUEY MARK EFT.
We1ncsday. JAW az. 4 =. M.

Wednesday, July 26, p. M.
the crisis is considered over in both hemsPheres
il rens csk about ourselves and think Of the recon
sroSoa trade sable Situated are Wit
number states each prding itself It's owa
currency, what done continue the Peseea
and system by which bank ensDed
and induced provide for ITSELF without regard ~hae
the general Interest," Are be scourged Tor announcer
years with the whips Of the State eecng our peck
cts most numerically! Must continue TO pay an
tax to pamper the dleness and cunning OF pvNgeu oo
which the legislatures have given the right Oh Issuing
Are the merchants to be sarassed forever IN helr
and business merely for the qualification Of 7os Banks,
aggregate capital form one thee huhdredh
part country! Or shall We working honest
y together down the present moey eoce o. eacn&se
and currency operations dig cut the foundations and begin
ane, tn The wisdom Congress Is the solution Of these
Questions left That body has been gzy OF great folly We
fear il has not laid aside partisan feelings in sufficient de-
gree to egslate on the great affairs OF
this great nation
Meantime propositions reedial propositions assang
on all Sides from head Of the government down The c
zen Every there be great fear Of enrusng
mower 10 any body Of whatever This foolish alarm is
betrayng hourly into evils of the worst kind While the
pbc mind dsrustfu of alo wing distinct body of men the
regulatio of the the silently stealing
TO powers that only belong the legislature Of the nation
The Executive has issued Treasury Drafts and declared them
receivable in of the public dues this be not arre
eating himself accordea to him IN the Censtu
ton know what is And this done too in the face OF
the dstrust proesssd be felt towards National Bank =
discrepancies
hope for Congress will preach and pirate about the consu
tonay Of Bank while the public interest preyedupon by
the exercise of the State Banking SYSTEM and tbs Executives
running away with all the and privileges OF sovereign
y. hhas the hitherto Will they learn from expe
rence' The national welfare requires of that bsdy prompt
and responsible action and Of the
country.
Mr. Kendall is in favor OF making Office Department
Bank of Depos and Exchange, and SO are We Aiaw to
this will give the Postmaster General great political
power what of what! Ii the people can't watch over
their servants thy 1T to enjoy liberty The advanta
ges from such schen would be incalcuabe Remances
could be made from New Portland from Woodvle
Mississippi Tarrytown, New York. for of exchange
not exceeding per cent with perfect safety and great de-
spach The printer New York have receive sSs7
from village Mr. Kendalls plan will effect the
transmission surely and speedily.
The Congress will have much 70 do Only let them take the
responsibility the requirements fthe country
Stocks still going upward At the second call there
seemed disposition hold Off Ali this activity in secu
rites netting than the loosenHg Of the spring which the
loss OF confidence had 50 kept coancd 1t will vibra'e
Is old position however in day two There no perma-
nent cause to keep II up.
Specie ii will be seen, has gene down.
The Banks doing nothing In most of these institutions
the clerks playing pushpn for want of something
TO do This better Than extending their issues Not one
fourth Of the peer offered sdose. o,ep,,
Al the second board the stock market continued firm, al
though cut there tendency to fall III Uni
Bank There greatnquy relative to the cause
or the stock Many suppose arises from the belief
that Congress will resolutions making the de-
poste of the government This indeed NEST fala
cieus idea on buyng and selling United States
Bank shares Projects this kind have been started by
opposition prints but II the next Congress act at all
on currency, will be in the shape Of new bank-not the
resumption Of the old with allits losses andba debts.
Yet whatever the feelings Of confidence
are daily incre asing in the money market.
There prevailing yesterday in certain circles
of the well the United States
lila tnpp II
very public feeling and the condition
foreign debt indicate early return honesty and nte
gritty among banking institutions of this The New
Orleans hanks already returning partially to specie pay
rents and August they all lose their char
tiers The confidential prints Of the general government
ssesnmending convention o. the bnrks confer
measure Executive hmsefs believed be favorable
to aresuaption, either voluntary or by compulsion.
II appears also that in the face OF large export pay TO
regn debts the variation between specie and paper gradu
ally approxmating Tie St Andrew took Liverpool
about oo0o which S2eoc0 passed through the
tom House. Besides this she carried s5ooeo bills or
exchange 10 to 70 per The greater portion
specie laid per About the middle Of June
discount paper money IL per Since that
time paper and specie have approximaed nearly
cent being nearly onetrd deduction from the highest point
Of variation This approximation has taken place the face
great export In few weeks, months, should be
surprised specie differ from good city paper only per
cent-or The foreign debt rapidly disappearing Our
cotton expors-specie dninuton Of foreign
rapuiy meuns AWAY OF 6td OF
August il calculated every bank country
will be specie payments. When the price OF
specie falls per sent 1T is their duty to resume at
rtherance of this policy, the state OF public feeling
decided another part OF paper Willie found the dcc
sion OF jury in against the Commercial Bank Mr..
wnd Has esf, with 10 per interest
Suits pending also against the Manhattan and North
Banks In each recoveres will be made OF the whole
SUMS per and About half dozen suits against
several banks will be begun this week The moral OF
age will permit banks refuse payments in specie
impunty Every thing therefore, indicates early resunp
The changed tone of the government in relation to banks
diminuiion of demand for specie for exporaonthe
eadne Of the market, and the determination Of honest
jsries prevent the banks from proSg by their soa
essy, w'sl socn restore every thing to order.
Sale OF Stocks at the stock Exchange.
JuLy 18th, IL, NJ.
q natr = n,pl