Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1837-08-01
M q N = " M A II X r +.
Monday. July 81. p. MI.


suece continues TO arrive The brought in FRI
.y and Saturday Five Franc pieces Hav
$4,000 from Barts, 254 OF gold dust $2ls gold asd
S62s7s Coast of Africa The Havre importation is
destined purchase of coon Since breaking Of
the bill systeR obgedto the old plan oouy-
ing the produce of other The cotton spinners
have material and goods taken in exchange,
metals will come Besides the expectation of coin torthe pu-
Of cotton is making operation we osg since
showed BY the arrival expect hear OF heaSy ret
for investment in the southern staple.
Stocks have gone down today. IT, closed at III lhe
transactions of last week being closed dealers are ofsh
There is permanent that throw up securues-
Spectators are Cautious under present prospects
The Utica, arrived this morning brings Havre
laerup In The 2sd lime The commercial troubles are ex-
tending all Europe, from Stockholm 10 eos'top'e-
Fifty thousand francs by the Uuca desneu 'or c SCUM
Our southern brethren will have fine chance 70 getoh ther
surplus the advances Buyers w ne abundant
SixOCLocK T. NJ.
The remarkable Development the policy ol our banks and
the position Of the banking system made ny the Albany Argus
has been the great topic today all the moned
circles These have been confined principally to
the city banks-sometimes diyergng To the country
Among traders specua o great diversity OF OPT
mons exss-among the mass of the community none. The
specuator all those covered with engagements old
prices are beginning be mey noisy against the conduct
of most of the city banks that preparing for early and
honorable resumption of specie payments the other hand
those appear be launching into resL specuatons
by issues of rredecmabe paper very credtaby
spoken The Phenix and the Comercial being weak
point of real merit far the community concerned
pattern banks among the Spectators and overraders
The State Bank the Mechanics the North River the Mer
chants the Fulton and few Others considered
less runous policy and less calculated satisfy the moral
sentiments of the public. The National, the Union the
Bank OF Americate Manhatt being sentand few other
banks indicate by their policy regard the Of public
opinion and the determination towards early resumption of
specie payments
The National and Union banks particularly deserving
credit To the Gmness and COED old school notions of the
present President OF the Union that institution indebted for
its position and its reputation During the mania speculation
couple large brokers' bankrupts attempted the
Union the Dry Dock Quilted Mr. Howard his face
against playing kites having touched such
left school in l795 Whereabouts For this unwonted
exhibition OF moral rmnes the spectators by intrigue had
him presidency of the bank and had another
appointed in his place. Mr. Howard however, did not give
safety OF vessel though removed from the command
work among the lie reasoned with the di-
recosponted the purpose of the speculaorsand saved
institution from the very fate that overwhelmed the Dry
Dock Bank.
Ofsevera Of the other possess full and complete
financial his,ores-which shall give in due time
The suspension of specie payments which has thrown all
business confusion mainly produced by the corruption
and msmaRagement Of the banks themselves Having data
which act let public opinea correct these Last
evening Wall prints asserted that mpossi
BILE to specie payments unless sustained by national
institution" and such Twill end in dsap
psntent This the language SPECTATORS and
the miserable gents ofspecuato fifth banks of New York
are and well manaedf they unite with the moral feel
ing of the age specie payments they require the
aid support of national institution Justice integrity
science skin capable Of supporting asnge bank of
banksa OF large Two-hirds at
least Of city banks tomorrow What to
prevent hem Their profits sufceno pay the difference
between paper and specie But in addition this reasoning.
their general POSITIONS favorable such resumption, will
appear by CHANGING the following important analysis
their the ls January, compared with their loans
the LIST July.