Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1837-07-04
M o n ny M A II X e T..
MIAvnAA


Yesterday dies there being Board body
having adjourned Saturday last the Indeed
a. the market is a of little
uence whether the Board of Brokers again. All
stock transactions have diminished pont-he point
OF naniy ard absuty Iii quite amusing small body
trying TO regulate the value Of all stocks the country
some OF the very same that can't regulate their own affairs
Thesock market therefore, the predcsment OF the cab
bage market There LET remain.
The buionmarket toerable active but lower. The aver
age discount sy paper is 10 per cent During the last rev
days the emannua dividend the Indiana State Stock and
the New York Canal stocks have been pad of at the Merchants
and Manhattan banks These payments amounted to 100000
ormore Preparations been made before hand these
banks gave the holders the choice to receive their interest ~
specie their bills at per cent discount rms operates
therefore, elements which have caused The fall IN
the price OF spece compared with city bank paper during
the last few days.
Is asngular IN the phenomena otmera that the
which the banks cheat the people oc9 per
cent the difference paper and specie, should keep
faith capitalists and the wealthy 1t sAews the low
ton Of financial in ociey-ana that the governors al
tie world exactly level with the worthy
the States prison.
The safety Fund Bank commissioners are here negotiating
general plan of action humbug between city and
country banks now nearly month since the negotiations
opened, ey far from reaching final arrange
ment The truth be coAceaed-the whole in
exchange operations Of this OF mex
cabe confusion and doubt very nucb whether they will
be retrieved during the of the Drafts are
every returning upon the Safety Fund Banks
The confidence of the public daily diminishing and disap'
pearing.
The great purpose OF the Safety Fund spectators to
construct their banks the plan of the
New England Bank Association the head of which Is the SUI
folk Bank large proportion OF country banks are re-
pudaied by the Commissioner and will into
rangcen Another portion in connection with few banks
in this city, eBdeavoring effect arrangement bn
there appears be difficulty arising at step We
do believe possible for or beneficial ar
.rsngnent effected this time The Boston banks
in comparatively sound condition They nomnally in
resumes canthey the contrary the first explosion took
place among the Safety Fund Banks as far Buffalo, in
consequence Of their expansions and bad management
The Commissioners here also, gathering the
l., of July statements City Banks We learn from
several OF the stronger con!on. The little
were II the paper of The best Wall street banks are
worth 10 per discount om specie some OF the small
'tanks hardly worth 20 per cent
the principal objects sf the Banks and their mera
Bile Commissioners appears their real condition.
instead revealing What is the that they did mol
give condition each bank for June! Why give them
In the lump! Why good with the bad, without dis
elimination or proprey There evident desire in the
Infamous Safety Fund conederacy deceive the communi
" cheat the world afres STEPPED to the cAin In all
sorts of speculaons they afraid of publicity and TRUTH
The Marine Fire Insurance Companies are declaring
their semi The following the rates
Cnon Marine Insurance Company, 81 Ocean do do o;-
jackson do Merchants Fire do do 81 New York Ma
rne 10 do,o