The herald., 1837-01-25

wall street, Wc0mceoays JAM Nos.
The reaction and commercial matters more and more
s,,o..Iy deveIonx itself This throughout the whole
country Stocks are ing-inferest fahnx-posReeu are
bright beyond the visible dina sphere OF New fok 70
the est ofhe land What also snues the dupciou
reaction confidence of the public the TACT that gathers
trenxth N the face Of eaer folly alive bodies than
was yetexemp6ea in the history Of American commerce
In New rlenns in Aobe Baltimore, Phadelh Bos
favorable current has setn with mach force In
parts the country at the we-beyond the mountains
in hs new states the rapidly developing
they are still. visible the surface spite the Specie Circu
lar that the public lands selling with little
mnution This most singular phesomen indicates
an class Of the population this county, specuaors
BY profession 0fae the bankers
the board and ia and the central ofade have
been udcous and scientific To their habits be at
bu,d the few evuons that have experienced
since the settlement OF commercial affairs after the Not
polite and country dealers pioneers adventures and the Ike
sort Of people.
The and the pressure
the fruits ofpsl cal speculatos almost entirely part
origin may. be found in ne copoatonsihe manuac
turing corporations OF New England They esinat ar
Jaws the tariff SYSTEM which the bottom Of the whole
mischief Commscslmen cutting politicians
and specuaos Ccmme Is working channels itself
that the United States Bank establishing agencies
Georgia and other places in the South for the OF
internal exchange business ridiculous opposition made
this movement principally by the politicians and speculation
We trust, however that II will succeed excavang th
channel for internal exchange operations
In Congress here little doing II doubtful what
will be the result of the bubbng Of that shadron
They thrown the national aembc sppo
articles Something be ouced expected by body
We hoadnot be surprised Mr. Cambreepss Tariff pass
both houses by the conf ct Of opposite and econceabe
impulses The settlement OF tho pull land system
highly, and even more important than the tariff.
Our legislature equally fog There appears be an
apparent hostility banks and old banks but per
suaded fsisned than real The tendency and
suit OF the antbank ATTY to complete the
existing baRs All the tax about the restrain ng uuy laws
aaronade Neither will be toucAed in its essential fea
tmes All The existing banks ofcourse entirely uncauvo
caly antibank respects corporations Such the
tadctoy impulses and operations Of what dcalous called
pnciple incpo"- honest ncple" The conduct of the
ahtbank party leads directly to ranscendena bank
The Bank Investigation is simply proposed not begun On this
point thefe sin ular coincidence in Kentucky resolution
has just passed the legislature of tsat eae all these
banks which implicated in precisely the like pract that
alleged ainst TIE banks in Wall kentucky, however
intends 10 Of this a necessity new
bank to be caea The Agricultural Bank capital millions
branches 10 5specie basis Of their share the
surplus
In North Carolina propositions double the ng
State would really appear by the
ofthc ats Legislatures south invest Mr. Calhoun
had to the resolution Of uang the creation of
immense state banking systems merely check the
bank ystemof Mr. Van this influence
Mr. b. has been elected President Let try mi luck
says Calboan, and try il he will do
Prices OF Stocks N the ~ York Exchange. Jan. a.
Mechanics Bank iss, Am. In. Co ias
5::: s:s. e sac ,s s:: 4 e
Commercial Bank, Ills doh.wk x. K IS, 4, 81,
ysfssas sis sss SAM. ' % s..se" Prov 70 so ,
s: En- S: IT, T I g. 5s'
ShS TIis; T. e. 81 nj iss paiPR + g
Ana +. ca. Bah. .ioo, 81, "a, Can,on Co. 50, 70,
Prices os Stocks at Philadelphia, Jan. 49,
Grsid Bank. ssis =" ''' '''''"' ''' -