Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1837-08-19

| Friday, August Iey p. M.
There nothing more snusing-nothng curious
noking n,sre Philosophical than the
mens OF The bankers and fnanciers street, the
present public feeling of General
jackson against the deposte banks calling and
swnds" begin be better relished by the community
That the whole depote system
ding" every honest canowedges These ps.r began
by "swndng" the United States Bank the public
poles contrary faith of they very APP
proprasy end by treason TO the whole country They
missed better now 10 to 20 under
specie They promised us an excellent exchange system.
Exchange 10 20 per ceut
| be got.
During days. nanciers have held
consultations the ignorance Of their business display
ed in these scusons depoabe They have agreed only
TO committee for calling Bunk Convention together
central psin consult the state Of the
rency.
The moral feeling age loudly calling upon banks
20 put their houses in order and specie payments
The spectators and those cry
! ing out for discounts
We can tell and ALL that day liberal
passed never 10 return. The regime paper money in its
last hroe BY the general of the sues of
all species OF currency throughout the world the great
basis oil currency has been disturbed in very principles
There is not only begun revolution in gold
silver compared with paper be bills or bills of ex
change but there like the
values fpece and all other products Let us explain
From the first workingsof the mines the
value of gold and silver began depreca compared with
This variation between the precious metals and other ex
ehangeabe values, caused by the fertility of the Mines
and the rapid growth Of population by which ton was
| kept equivalent to consumption.
During nearly the whole the credits or
money, did not to great from basis which
counted in specie Even, up date in the pre-
century these elements materially disturbed
From 19o 1899, the average supply furnished by the
mines of Europe and America, calculated oo0
In 8osand TO- the revolutions South began operate
against the production Of the mines The whole
mnes nboth continents from 1909 1922 estimated only
at Si7oooeoo The mine of zacaecas from 1911
1888, produced 766 pastresn alone 53720oO
piastres The mine of Veta Grande worked by English
Bolanos Co.. produced from April 1926 April 1884,
piastre nearly $4,000 currency. The
mine of Guanaxuata from 1856 1885, produced in gold
| 9,789,4l6 piastres in silver S2f2,5l5,472
These and other mines in South America, have yielded
much during the last few years. in consequence of great
speculation Rohschd, in quicksilver negotiating loan
to the Queen of Span about five ago, Rohschd
cured monopoly of the quicksilver mines Of Spain
he closed the negotiation he put up price exor
ant rate No longer than last year large consignment
equao sooooo this article out to this destined
for Mexico but in of putting price up to 80
cents per pound it was reshpped England. The South
American mines could not afford pay high price, so
the supply became deficient and the produce
mnished.
From circumstances great investments of British
capital in Mexican Mines which took place few age,
have BEEN in unproducve From the beginning
ofhe present century, the supply of gold and silver from the
mines began dmiosh but from 1909 1929 the dmnuon
at its greatest point depression After that
val took place mining operations until the house of Rohs
child secured monopoly all the Spanish quicksilver
This latter circumstance has caused and still continues d
mnished supply in the precious metals II that during
this ne the mines of this have begun yield-but
their whole produce rae compared the of
| the worl5.
But while these fluctuations going the production
the metals the exchange France
England and the United States have been increasing regularly
GEOGRAPHICALLY since the general peace In addition
this increase of the currency luxury also increased
steady demands have been made for the precious metals
for years in the face of diminished sappythe
for basis currencythe other for dress
our habitations.
he better hv