The herald. [volume] (New York [N.Y.]) 1835-1837, 1837-05-19
NONE ~ MAR X = n.
REr.lA NJ O..


Accounts yesterday from Liverpool the 18th
lt The CONFUSION beginning make lis appearance in Lv
erpoo Manchester that the London houses are
great supported by the Bank OF England and from
The house Of Wdes has propped up tor
che il stated in private letters that the Bang
received assistance from the old patron of the firm by loan oil
Of conso The application Of the Liverpool ana
Manchester trade for assistance generally believed 10 nave
been negaved The delay of remittances from inns
country begins to alarm the English trade connected win e
United States Several failures have appeared IN Manchester
and Liverpool, but expected The value OF Amen
can products has falenindeed they were low
enough before
The South America has brought pretty full supply
goods but we understand that good deal of these consigned
t. exchange houses here Of the old mercantile FIRMS
Among Others learn cosgnmens have been received
by Prime, Ward Co.
larre amount Of foreign exchange returned
drawn in February March against cotton the old
these prices having fallen per cent deficiency
amount has place. and the bills returned This
turned exchange will accordingly tend to bring down
houses here there connected with them left stand
ing
On whole, the from England is rather of gloomy
nature The Bank of England shown dspositionto
the London houses in the American trades but how far
that aid go, when they hear the from this
country, we have yet learn We have will be
terrible and protracted crash in England from the moment
they hear beginning of the troubles here about the nth
March when the the general suspension
of specie payments by the banks last week This latter event.
nercai panic in England has released the specie in
banks
BY violating the engagements with own people, the
American banks enabled comply with the demands OF
England From certain facts possession disposed
believe that since the 10TH the day the suspension took place.
large specie been taken from the vaults of the
banks in New York and Philadelphia, and transported to Eu
rope Yesterday informed that SIS 900 gold silver
parted with by the National Bank premiumproba
bly, for expectation Possibly of the sooOo supposed to be
in the vaults OF banks the suspension only 100000
thereabout, remains
From Philadelphia learn that there has great activity
in the specie market and that the banks have joined
nhng the United States each with its quota send Eu
rope in order sustain the credit of the United
London and meet their there they
due
In the midst of these arrangements negotiations prepa-
ratoas there uncommon hustle and activity among
Wall street. in order ascertain what plan may be
proper to adopt under the suspension law From the
general export of specie to Europe, probable that they
have given entirely all thoughts returning specie pay
ents for an indefinite term at least The calling Congress
together-and the general proaon of the state banking y
em has opened the door for the reeabsnen of new Ma
osal Bank Even the Albany bankers in Wall street
trying to further general plan of with that object
in view Edwin Croswe OF his associates in bank
ing are here from Albany anxiouy waiting the decision of
the banks respecting the new law
Last night and the night before the banks had meeting 10
consult on the present state of things and to lay plan
action for the future From private source we learn that in
unsound opinions be entertained put forth by Some
OF these gentlemen who manage the moned affairs
oil great commercial community. Mr. Gaan of the Ma
tional full of theory and fine talking thinks his bank is
SOUND enough without coming under the suspension Mr.
White OF the Manhattan, determined If possible go his
own hook He has wish permit the look
INTO his transactions Mr. DelafeId is quiet genilemany
pausibe-Mr Newbod patient and long suferng-Mr Worth
acute, discriminating and sometimes sarcastic
great difference almost amounting confusion of opinion
prevails among Wall street bankers They must however,
clear UP their minds and determine what pursue
week. ryeteemable paper issues unavoidable, and if they
10 not take fresh specuaon rise in prices MANIA mad
ness and another crisis, have before this year shall
nave run lis round.
Meantime the Bankers OF Philadelphia are watching the
or things in New York. The opening hope for
reorganization of National Bank by coming Congress
awakened all the activity energy and enterprise of Mr.
Bdds and his associates of sister city, Ii
gress shoud reorganze the finances of the country build
up bank of the remains great efforts will be made
have lis head quarters IN Philadelphia This
object OF Mr. Bde and all the confusion which he
the institutions of th will place him in favorable po
on to effect his object The ignorance ncapaciy and alarm
among bankersthe divided and unconsodaed condition
Of our bashe awful expansions Of the Fund
place the hands of the Philadelphia bankers
securely j. under the claws OF valuable family
tom-cat.
Such Of confusion and when get of the
woods tell The following prices paper
ney yesterday compared with the Standard American dol
La at par:
American silver doslar--conage 1886, par SLooI
New York city hank bills 81
Safety Fund country banks 87togo
New England bank bills eito9fl