The herald. [volume] (New York [N.Y.]) 1835-1837, 1837-01-02


New stood November circulation to specie m the relation
Of IA 10 of other banks rather than
probably 81 TO 1 is the fair average out Of New York
So far as circulation is concerned the government banks
are well t specie beyond the Bank Of England
BY late statement OF that institution appears that ITS circulation
in our ency millions, and its specie rs millions, being
about paper Of speciewich avcragcs ratio Of
"a toll
two when take into another ngu
lar fact, il is astonishing and wonderful.
B. n is well the Of One Bri
system little They consider themselves suf
ccnt fortified they Bank Of England Now the
reverse DIS good this county All the other banking es'ab
lhmeats Of the United States WELL fnot better fortified
chan government banks Our system, like
ca divided into two Influences sects or classes each
fighting eating each other in and sape
Ever since this spirit has been
actively work Ia England on the contrary all their banks
follow in the wake OF the central bank like spanes
Now is astounding fact tn in its blnking systems
ENGLAND should be 80 behiad the United States
The day bringing all Europe III debt TO u.s.
and years if on at tins rate we shah control Inc
commercial world and hold their fortunes IN the hollow OF our
hands the governments OF Europe owe debt
of 5000 millions dollars viii has surplus OF SO millions to
plague and annoy
We from these that the pressure
drawing close and only beglnni NJ IN Europe
The only danger that the reaction should be so great Eng
Ia a. their manufacturing establishments and thus I'M
pair markets for cotton.
Every light here indicates the accuracy Of
On saturday about millions paid the banks,
without any extraordinary me individual houses were
hard pushed but her neigbors turned and assisted them
through their difficulty Money indeed high as TO 3pe
cent but still that havs heard of took place
Exchange closed for the packets at lo to loA Some parcels
went n ow as 1861 only pressing The rate was
NOT general n i sngu ar that in the rates Of foreign exchange,
The commercial paper given bills Europe selling and
2i per cent amoiih
on the South the Of exchange have fallen considerably
We mention recently house having beH opened this
6ae rig Andrews Co. This ctlblisho ent is backed with
large cash capital does its business principally if
let their paper 90 per ceat both fegn AMI
domestic exchanges.
On Saturday stocks also the face the pay
Inenis and pressure.
There probably such city New Yo
eiai and financial genius We have carr ID the science be-
xond the greatest nation modern times Tyre
Carthage Venice, Geaoa, Amsterdam, London will all be
stripped in wrny by the merchant princes
shs angular city We lve breathe and have being
uerce faance banking circulation handse and
exchanges.
n g Bart 10 H. ls, PETERSON X. r.. SO 81,
De. and Hud 81, 6f5i, Harlem H. X. sa.,
n Of q N ". 1851, Il ,ton a. Prov. X. TX 1884,
Morris Canal Co. 3d. "a 7,6lst, Boston Wor II. 81 IT.
Illinois Bank 95f,5, Utica X. r. 1is,, ISL, 10,
= Trust Co 1881, a. "a, Mohs wk a. X. 7s!,
Ohio Trust Co, i2, ia, ~ j. X. II. * T. Co 100,
Union liz. Co. So Stoning; on II. II. $50,
Prices Of stocks Philadelphia, Dec. 80.
u. 8 Bank Iis, l9t, Del. and Hudson, 81. 8,
81 ard Bank, S. 81, 5,