Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1837-06-07
M ON r y M A II X r Il.

MONEY MAR TX r It.
"wednesday, June =.
We do M, perceve much Improvement nthe money market
quarter Yesterday dies at the Board OF Bro
consequence Of the death ola member Mr. SeDoins
young gentleman of fine talents very little business was done
Instead OF discussing the value Of stocks settling differences
contracts the brokers and their visitors now prvaey
examining the evidences of Christianity phylosophing
the mysteries of Egypor carefully inqung into the sub
lime truths of geology and galvanism The little that was
done in stocks yesterday done at decline.
United States Bank in consequence of the developemens
made Of its condition. getting rapid dsrepute II
the intention ofthe break up that establish
possible Its only salvation the confidence
of its European holders and creditors Hthey give way
hearing Of the events in this country should not be
surprised TO see the institution wind up Insolvency.
The Governor Pennsylvania has entirely his power
close its doors-but will Several Of the banks
Philadelphia than the United States Bank
The Gard the Western and the Schuylkl banks-al
depositores-are deemed entirely nsovcn. II is
confidently Grard has loaned S5oo0ooo
fancy stocks which have fallen so 60 centhe other
two banks in like condition.
We suspect will that the Government banks gen
orally will pay half the deposits placed in them by the
Executive unless be in redeemabe paper. About ty
millions deposte in these institutions, half Of
which will never be available
the foreign exchange drawn By the Bddeson
for 40000 sterling returned under protest
1t only protested for nonscceptance The Philadelphia
RENTED Pennsylvania Five cents payable in 1885,
their bills which, though protested for nonaccepance,
were honoraby paid when they dne 1t due to the
house of Messs Bidde Co. to make this correction The
aoat in Wall street by OF the agents OF
the Government banks hostility the u. Bank and
family Biddles. II is lamenable such violent
Gothic barbarian hosies existing among civilized men, but
since the Kitchen Cabinet into power have been
degeneratng and running into savage life.
We positively assured there will be meeting
of the legislature, attempt gepeal the prohibition
against small bills The Albany naDciers making secret
arrangements with the Washington clique procure issue
ocasury notes. and to begin the game Of speculation the
paper currency Every body eceects the conflict that
ceeded the removal OF the depoe The failures and bank
rupces which then took place succeeded period of
greater speculation higher prices and rapidly made for
tunes than the history Of in this country furnishes
We not but the like win follow the present
struggle between the government and United Bank
Failures indeed continue to take place in various parts Of the
country well here may only
thumps of the revuon previous the Developments Of the
paper system
Private letters from that great land has
gone, the of a Senator, q merchant who inherited
$500 from his father The suspension Of the Hedges in
Plymouth also said to be heavy In ether portions Of the
country south and north, similar still taking place.
Nor will they stop till the banks generally agree upon
system OF issues and there will very great Of
paper money have every to believe. The
State governments and the banks generally in favor
paper currencythe mass Of the people against H. but
their power action till after three
tons
The general government whatever specie doctrines may
be now, will be driven the necessity submitting destiny
We persuaded il all aecsou in the ". s. Executive
and its associates talk much about specie There only
motive among them that locks in that direction they
could drive all the mechanics and others afford from
the cities to the they might dispose OF Of the
land they have hand We but this may be
motive specie circular persisted in operate the At
antc deprees ruins drives people
oagrcuture The agents Of government have mad TO ses
there probability ofseng those who ruined in
the Atlantic cities
Our various foreign still undergoing the
process Of re,uson BY the ship Courier Wolfe, which
rived this port Monday from Rio correspondent
writes Janero April 2h-Since last reports
per Miranda" had little alteration in markets.
Coffee has bees bought up here at rate, which cannot from
advces promise much profit II now held at about
81 per b and crop nearly all in Sugars getting
scarce; and learn from Sa.o that the crop has been pn
cipay bought up by Messr Co., speculation Thelast
~ board. Exchange England now
difficult Of negotiation The recent accounts from the United
States and Europe, has parayzed all SPECTATORS and
caused OF strongest houses shake the centre
We regret say, American houses here especially
the Monster who has cndeavored monopoze all the coffee
sugar crops conjunction with house Of your city,
trembling hear from the United States and Europe
The facilities given by Barings' agent your city,
certain Individuals have had very injurious tendency and
brought upon us many evils by causing produce rise
above prices warranted by the dates have
from Europe evident that all cargocs shipped from
this port season. will actual loss to the OF
q per But Eaysh credit stands in the gaps ard now
remains to be seen whether these bills will be met with the
same prompnes and aacrty maturity, in London they
granted here From this the banefu effects
Of the expanded credit SYSTEM recently exploded in this city
already had the injurious consequences in the Bra
xls and do they think that have arrived at the pitch
not only individual, but national bankruptcy. Qrywi
our United agents abroad be able negotiate their bills
on our bankrupt government VIII they pay pre-
VIII not foreigners Of the Star spanged banner
| there goes bankrupt nag~
such the effects Of having thinkers in high places.
GENERAL MARKETS