Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1837-07-19
f4,s2a, 5so 2,7ss, 400 1852 200


This certainly looks fair paper but what
suppose that their much Of the
character OF NIL such statements made by large houses In
misorune Their various Securities in American and other
properties falling market to be worth
little the winding up Of the Many sbrewd OF
business estimate the three bsnses will hardly
shlngs pound notwithstanding the heavy parade they
make in figures
the following, connected with the American trade:
Rason Co OF London, Commission House,
Conan, Lambert 4 Co. London, Bankers
Crazy Fletcher a Co. Liverpool Commission.
The celebrated Of Messrs Browns shows capital Of
E,25 ooo-eqpato s6,25oooa They mpregDahie. In
the exhibit Of their business appeared that they
with almost large manufacturer throughout Eng
land Nv II is stated that Messrs. Wells Co Of
applied the Bank Of France for assistance Another
account ts and that particular day, they
made an application for discounts The application
rejected On asking explanation day the affair
COMPROMISED and the bills discounted The great house OF
Messrs Isard Of London and Paris have been carried
the river Jordan, by Hope Co Of Amsterdam, the nerocis
loan the Citizens Hank New Orleans be
that the Amsterdam house did in order render thu
loan good bcrcacr and prevent explosion by conduct
part The state Of commerce in Amsterdam more heal
than in other mart IN Europe Gowan Marke FORM
ery reported failed reported ready resume These
assumptions by stranded houses generally feeble efforts
The general state Of things in England, according 10 m
best authority, is extremely cversh and unsettled The secv
mutation Of disorders point OF time may or
may prONuce tnlure on he ~""s's ~hV~"f
anneupcsd, must unquestionaby bring down many more
Connected with the American houses probably $50 houses
Ia different parts Of England How will they stand III Can
the smaller survive when the larger to wrsc The news
brought do 7tt Of june, al moment when they
had heard Of general suspension few days.
country whose founded ON credit may Dc SUI
gene rate psnc when the reaction OF New Orleans
fell upon New York. failures increased here, till the psmo
destroyed all confidence then the banks fell In the Storm
The Bank Of England U.s. in time Of high confidence very
rongso Is every hank. Yet IN the power os me o"
holders on de poeors OF the bank draw ou' e,ey gunesn
coupe NJ days The bullion In the Bank OF England about
5ooe Oooshe circulation and the depostes four times "
much panic among the bbolders and depos'crs Vs. 'nere
FORE quise sucen, bring about the catastrophe mere
probability that such panic will take place we confess We
do not spprsberd 20 any exsp-and yet can be done
favor the Bank. The deposio's ard blbodef
are those persons who feel the necessity ans whose N
teres possess the greatest confidence IN the bsnk They
are stockholders, connected with the government In adj
di,on there the harmony between the government
tn bsDk II ruthless existed beiwt The English
government Of England, as has teen gcng
this country public confidence wtuld he ubvecd in
montba terrible penic We ptedueed-snd suspension Of
specie pay ncnss the inevitable result #fif