Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1837-09-02


Friday, septsnbsr I, esP. n
TIE wsr asag the banks, which predicted, ho desdy
oupe % pss u Philadelphia papers, last
aing We dad the following Reply Of the rhisdelphs
Banks" oshs circular recesy Issued BY the Banas Of THIS
city
PHILADELrHA BANK CsscuLAR.
whereas proposition has been submitted 20 tlss meeting
on beh Of the officers Of the Bunks q the city Ct New Io
for calling Convention Of tros the principal nsnxs
October Of adopting for the re-
81 ne X assignee
smesng able adopt the views presented in
and TN ;ss
The Of % @
ens least delay and they would corS; q;
y sss Ss oSec s
es e Of with
the over ssa ns ~ power
al general system Of payments coin throughout this
s p sSon q being s
erss on this sssy 81 .SsSI are Of opinion that such
momen mt Convention Of The Banks OF the United States
you'd ss % sna ous % %
nothing until they know what the action Of Congress
The communication from New York. mentions precise pc
when The Banks Of Ne York may and ought 9 and mus,
q the sgners Of the communication the
NOR % aame any time for the resumption because they
that whse matter depends much more on Congress than
ey may not be able to realize and they
ss Ss Ss ess y
IT, such Delegates from
sc M ssy w could W. ssree Se
union Of measures might not that
specsy favorable e he interests Of the Banks themselves
thus, that the Convention might prove not merely use
merous ably than Congress ITSELF meetng At the same time
NE %a Of an % nre with or to inu
snce the movements Of that body The svowed object Of the
a Ss
SS u s snd
no 70 very and Ss
only may whatever be the action OF Con-
state q the cous or the condition Of the For
perform and Than gain credit By tie s effort
ns would be- for he Banks in the United states to continue
assdy their for resa%ns specie
kiad and be ready 70 give an immediate and Jealous CO.
Common benefit Of the country '' ''' -
Uadsr these impressions they are constrained adopt The
Resolved That in the opinion of the Banks Of Philadelphia
at this time to appoint delegates 70 the propo
Resolved That copy d these resolutions certified by the
Banks OF New York. with an while the Banks
Of Philadelphia reluctantly differ from those Of New Yorh as
zeal and patriotism which have dictated they
proposed suggest any thing which prom
10 be useful to the country The Banks Of phladelphs win
eSsss n Rs e
This u remarkable document Without entering into the
political which may be based, we cannot help
saying the mpuden piece Of dishonesty that ever was
pat forth springs from entire prosration Of the moral
ofa honorall principles nteg
y-s honesya justice What has the action Of Congress
with me duty ofbankDg corporaons With the excep
Card Bank, all the Philadelphia banks have been
increasing their DISCOUNTS and issuing vast quantities OF ire
deemabe paper-to say nothing Of the private shnpaers
yet they calmly look and a defiance the moral
they entered into, when they received their charters
gross and vulgar suppose that the banks
specie payments till the foreign exchanges re-
par Tx rsmpten Of specie psyseafs ssus invariably
prses sn Of ercssss II the suspension that caused
the the resumption that the aof exchange
Then again the action Of congress. This action al
ect me dsposse bsah szd only aeet shewbu hos
connection whatever with the other state banks.
We cannot conceive any conduct skingiy improper
thsn that Philadelphia banks throughout the whole cr
ais suspension Enveoped In mysterynot trusting
The public single satemen-bankrup In character and
reputation they yet be element Of political
and propose march Immortality, with the go
eminent ITSELF
To-day the operations in specie dull. The following
ere the exports today reported in the packets
North America, $4,000
~. James, yh0W
Utica. 10000