Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1837-09-16
M o RNING HI ERALD.


and also published in the Evening Herald two hours
in advance. We are informed that the Echo left
Liverpool two hours after the GARRicK, and arrived
here several hours ahead Of her. This speaks well lot
Captain Mallett. We also learn that when the wall
reet newsboats boarded the Echo, and learned tna'
ne Teazer had been ahead of them they mad Inc I'M
audience TO say-"your news will only be puoiished
n penny paper and no one will know any 'nng OF
l." meaning the Herald. Nowit IS wen known that
ae Herald has larger circulation mam an Prtnts
N Wall street combined-that 1t IS more read by all
casses-aad that publicity in the Herald IS sufilcent
10 let the whole world know what IS doing here.
The attempts of the miserable Wall street prints,
acho cannot pay their expenses, 10 Islander the
Herald and its fleet of newsboats, will fall TO the
ground. We can and will beat them any day-and
so do the New York pilots tso. We mean hereafter
10 run down all these infamous rotten, bankrupt
prints. They cannot compete with US. They must
first paytt debts.
We have also TO acknowledge files Of papers by Inc
Garrck Capt. Palmer, the South America Barstow,
both from Liverpool August 10th; also, by the Vlle
de Lyon, Sloddard, from Havre, August 10 pta Ply
mouth, August 10th.
In addition to the foreign news on the outside, we
add the following:
The London times, in commenting on this prospect
of fine harvest, says
"This blessing is not peculiar to France. The ac-
accounts from Spain mention, that within the memo
nv of man finer harvest than the present was never
seem"
LONDON, SATURDAY, AUG. 14.-Eoney Market and
Gin Ncirs.-This has been remarkably quiet day
at the Stock Exchange, we are still without any
further from the Peninsula, and nothing trans
pred regarding home matters TO affect the value OF
The funds Consols left oil al 8 sellers for money
9ls to for the 10Th instant and 9ls to 81 for the
October account. Exchequer bills, AZ TO 40 prem.
Nv the official returns of the amount of notes cir
cnated by the private and joint stock banks through
out England and Wales between the first of April and
the first of July IT appears that the private banks
issued 81, 1877 673 being decrease compared with
the previous statement, of E6Slll As regards the
Joint stock banks there is decrease of TO- 5l5; the
circulation during the quarter ending July lst beng
f3,654,764, and during the previous three months
f3,755,279 The total elimination Of the circulation
of the private and joint stock bank is, therefore,
-fl5a626. As the reduction was expected TO have
been much greater it may be fairly argued from this
report that confidence is rapidly revivng in the coun-
try generally, and tina. business is assuming more
cheerful and wholesome appearance.
August l2.-There has not yet been any DISPOSE
lion manifested on the part of the Directors of the
Bank of England to comply with the wishes of many
of the mercantile interests, by reducing the interests
of money from the high rate now demanded by the
corporation for accommodations The private bank
ers however, doing business upon good securities
at to Ii per cent cheaper, but at this reduction
they do not find employ ment but for very small
poruen of the balances they have now IN their hands
This continue TO be the until there is an in
crease in the transactions in the more important
branches of the manufactures OF the United Kingdom.
We are glad find, by the accounts from Lancashire
that more business was doing in the principal manu-
featuring districts. The trade have bought extensive
y of raw cotton this week AT better prices; at Liver
pool more than 20 600 bales have been sold this
week The late public sales of about s. 900 bales of
colonial qualities, sold however at averages from 20
TO 30 per cent below the prices obtained at the
time last year There were buyers for the continent,
well as from our own manufacturing districts, who
were very animated in their blddings for the supe
nor samples OF Australian and Van Diemens Land
weols.
The latest intelligence received this week from the
United States is 10 the 10th ult. The news had
reached the principal commercial cities OF America OF
the withdrawal Of the support of the Bank of Eng
land from the houses here, who required further as
slstance and their consequent stoppbge. liz is salts
factory TO find that the Information not produc
tive of any more disasters in the United States The
receipt OF specie by the Bank of England, the Amer-
houses and others, by the packet conveying the
present advices, very nearly five hundred thou
sand dollars considerable portion Of being gold
This IS another strong proof that the Americans are
showing strong desire 10 hqsidate the demands
merchants have against them, the consgnments
were in old accounts and chief bought AT premiums
of 10 10 per cent. Ii was estimated at New York,
that since the Banks had suspended specie payments
IN the United States, nj least SIX millions of dollars
in gold and silver had been exported from the United
States.
JoHS c. CALnous's OPiNIoSs.-Many papers are
publishing extracts from Mr.. Calhouns speeches.
tending to illustrate his present position in relation to
the banks and government. They are all wrong
The following extracts from speech he delivered on
the 18th January, 1884, on the Removal OF the De-
posites, comes fully TO the point
so long the question Is a Bank Of the United
States incorporates by Congress and system OF banks
which has been created by the will OF the Executive
INSULT TO the understanding discourse the perncous
To bring that question fairly and Ultimately
step fartbergos must DIVORCE e government Tie
banking ysem You must refuse all connection r bnts. You
must neither receive pay bank 20
back the Odd SYSTEM o the hox and NJ gold and silver
you have right 20 receive bank notes at ALTO them
money by receiving them dues paying them
70 credors have right 10 create bank. Whatever the
Government receives and u and f
he mpncy then they have the rgs under the Constitution,
regulate H. Nav, they bound by high obligation
adopt the most efficient according the Of that
which they have recognized give the
stability and uniformity Of value And Il be in the shape Of
bank notes. the efficient giving qualities
eank of the United States Incorporated by Congress I'm
less you give the CHEST practical uniformity the value of
bank notesto long tsp dass
h<r pos violate hd progisisa Of fe Consultation
iech prorid TINT faraflon hall be I'M
fed Sates Thers other alternative, rpeat
DIVORCE the GorenB<nf enfrey from, tie banting system
not bound 10 incorporate bank the
asd efficient ans Of giving stability and uniformity
currency. AND SHOULD THE DEPOsTTEs NOT BE
RESTORED. MD THE PRESENT ILLEGAL AND
UNCONSTITUTIONAL CONNECTION BETWEEN
CONTINUE I SHALL FEEL TT NY DUTY ~ No
ONE Else MOVES. INfRUpt1CE A MCASIIRE