Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1837-06-21

The iuscsion in commercial affairs increases Very e a.
raon was visible stock market yesterday the sales
as usual were small The Board have adjourned
July fhs thing unprecedented for many years past
The bullion Business increasing Wall street, day
some sses opened One of the principal induce
meats into this business profit made by the con-
unued depreciation of irredeemable bank paper.
Yesterday city bills III per dscount-he
half dollar being considered States bank
bills l3o -New England IS l5safety Fund ~ TO To-
Southern Is 25 IL the general opinion also that TINS depre
citation will proceed great deal of money has already oeeh
made by the brokers' that has already taken
place One per been realized on large sums
No calculate the future depreciation which VIII en-
urey depend conduct Of the banks Al this moment
every law of the respecting the currency Is utterly nope
ratve and daily violated lawmakers themselves
Probably million dollars In small bills from New England
now in circulation neghborhcod driving out all the
specie causing disorders in the prices of every thing that
bought We have also seen small notes Of the Geneva
Bank state the year 1926 date long before that pe
cies of currency was prohibited.
The disorders the increasing every day. and
or when they be remeded begins appear hope
less
We learn by private letters from Washington several
consultations have been held by the cabinet
things and to devise remedy be recommended
gress Mr. Butler brought forward the views Albany
fnances which, singuarly enough, for bank.
Against this project the President thoroughly committed
that entirely abandoned hopeless remedy for the pre-
disorders "'rhe author of the Letter Sherrod VIII
ams before the world directly opposed constitutional
grounds species of national bank connected with the
mercantile interests having stockholders for Its managers
and propretors.
Any scheme ola national bank therefore entirely hopeless
But plan necessary retrieve the finances
government learn that the cabinet favorable
chequer SYSTEM Treasury Department as
the best of carrying the transactions the govern
The plan is to authorize issue of Exchequer bills
the extent yearly ofhe bso
be for less than 800 eash receivable
aad public lands at the custom houses and land Offices As
basis Of these issues acertan of specie to be kept
the principal points 1t first thought possible make
all these dses and receipts public lands only
specie, but the arrangement Of the
country has rendered the pure metallic plan mpracticab
Mr. Benton and the gaMche still in metallic
payments but this doctrine only prevails among small por
lion Of the that deeply concerned public
lands The purpose Of this clique depres
and manufactures Atlantic States order drive
emgants the praes of the and thus increase value
OF the lands owned by the SPECTATORS On the contrary the
odere of the administration, particularly those in
interest with the commercial cities very DESTROYS of
general system Of exchange by which the commerce
could be transacted As bank the old plaB
question: of the constitutional scrupes Of the
President the next best plan Exchequer system and
issue OF Exchequer bills to the amount required This plan,
was argued in The cabinet subject the contrac
expansions OF bank ofccuaton, deposit and dis
count could be regulated by law according the
strict principles science 1t would also be realization of
that idea put forth by the locoocosa enforcement Of govern
from banking.
SUCH learn are results which the cabinet councils
have reached.
The PRONUNCIATION of views however will
public until AFTER the elections and the meeting Of Con-
gress The President win then open his budget and enghen
the world with his financial taentsslen which his medesy
has hitherto kept concealed.
Thus will suHerings' TO be intoerabe" Oh.
oh oh.
Meantime the country getting and worse. The
is rapidly disappearing. The last Havre packets
brought goods but the Liverpool almost entirely
empty Only few hundred packages in the last
the North river learn that onehaf the soop laid up
For many lines efpackes have run between Albany
and Boonthey have now ceased altogether The general
agnaon OF trade marching into the country
villages quarters efforts indeed made
the internal exchange system, but these efforts few and ol
tary We see stated in the Philadelphia papers that Of
the banks OF Philadelphia have made arrangements with the
Nashville banks certain OF exchange BUSH
by the issue OF post from Nashville receiva-
ble paper currency in Philadelphia This arrangement as
goes will be useu-but how the whole country be
put in order!
GENERAL MARKETS
NEw YoRx June r. M-Trade today very Inactive
On Of bad frs, part OF
the day. all public sales Of postponed No
eria change in 6oursaes very small asma operation
in -four rom foreign wheat took place o.
eely quiet but prices remain steady Sugars fair
mand for good Corn remains at last weeks We today
hear of small sale Of Liverpool Ceal amounting
TONS o. Also sales OF 1000 bushels small grain whea
e2i; and 1000 bushels wheat, e6o Our quoatonare
$3.50 $i.7a Rye remains steady aour last prices
Receipts Of produce-7o barrels -four, Is do. ashes
PESAmBuco May Ioth-weathcr very rainy aud business nj
Misunderstanding doing In cotton by English vessels
CHARLEsroS isth MThc business Of the past week
with hut exceptions boen confined the retail
the stock OF produce has become light present
ions have generally been firmly maintained with slight inn
povement In articles Sa-Our supply Of Liverpool
sack salt exhausted There demand for this descrip
ton. 0fTurks Island we have fair supply on hand.
sAvAssaH, jane 15th r. M-CoonTbe sales Of the week
amount 10 40 bales the following prices, viz II -
a; l5a 81 At oil Al at 93 2o4 at To- 80 l0i Rce-The
transactions in this article have been limited they
about 80 casks from va $751; and confined To city consump
uon Fonr-Has become and in first hands Sales
Of about 200 Dbl. Howard street at el0i FeigTo Liver
pool, ID, dull-iiavre 1ic.-New York, ~ per bale
Sales at tie Ses York Stsct Exchange, Jane2o.
500 u. s. Bank, LOT 40 Boston 4 wor MI2
20 Merchants Exchange IS ION. ARR, IS 10
G5 Del Il ud. 703 10 50 Utica, ZIG 10 "A Jig 81
Morris Canal so IS Canton, As
ll2 Mohawk, 70 100 Long islands 10
l52 Bost Prov. lo2 lol 81
Saies Of ssocks af philadelphia, june ~.
90 Y. = Bank lo3to 1904 50 Girard Bank, -
Provision Markets.
NEw YoRx. TUESDAY, June Goth.
Ourbuicher markets still excessively high Poultry
somewhat easier and get lower the advances
Although supply Of vegetables greater
prees the high prices demanded by orestaers place
them beyond the reach Of the the community
Green peas which selling week at n peck are now