Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1837-09-01

Thurs0ay, august 3ls ., ~ NJ
The excitement and edervescence In the curency and
suae banks appear gss the
Of congress The from Rhode Island tend also
add another throb the general sentiment Yesterday
currently reported in Wall that Rhode Island nad
gone entirety the whgs and that the two members elect
had posted off to Washington to be ground the cleo
Of speaker The political of the country are nos
the present the Observation-Disclosures e great JOY mani
tested by various parties and cqucs OF men, pocsns anc
specuators belong ing 20 the wing side.
The effect of the stock market NOT very
great United States be sensby affected
than any the list This arises from behef thai
large party congress will make effort 70 have that made
the exclusive deposit bank under law o. nat oooy Inc pro-
liabilities OF such an issue are slender Other
stocks are unaffected in any degree by political events
The contest among the Banks relative 10 resumption
OF specie payments ealarges and gets emotteed Every day.
The opposition made In certain Quarters 10 the recent Bank
ar arises from various The
the public finances adopting the State Banks hostile
to the views who entertain the project
old w. s. Bank Any measure which has for its object the
resumption ofspece payments by the State Banks extremely
injurious Of men, hence their decided
position.
Again large SPECTATORS interested in add
tona Of paper currency ua they get rid of their
old engagements.
From the opposition resumption Of specie
payments is Increased and widened among all the credit
newspape Others dependant banks for existence and
support Whatever specialee be produced In this city,
by arrangement between the city and conn
try banks very that the policy of the banks
intend with honor the public and prudence to
themselves curta possible, till they bring their
discounts and circulation just ratio with the foreign and
domestic trade country II incoAcsivabe how much
efide capital exists th ment especially private hands,
in this city present time Yet would be questionable
policy TO upon fresh campaign of enterprise under the
present eranged condition Of the foreign and dome site
changes.
The banks principally engaged at the time,
in holding up extended houses who have struggled
through the revusoa-for happens oddly enough, that
those houses which broke and got extensions, receive
more facilities from the banks, managed, than the
houses that did break all This singular anomaly
arises from the apprehension that IL they were to act
tightly and harshy broken houses they would lose the
whole debt but houses who struggled through yet
alive it possible they live forever The banksat least
many of of the old honorable houses from any ia
cs submit take 10 cent the debts due Them by
the suspended houses
The policy and vcwsof the government begin TO attract the
deepe attention Of Wall In another column have
given some highly important and authentic information respect
ing the views the Of the surplus
revenue there nearly in the hands of the different
banks Struggle will be made in Congress repeal the
giving the amount the Onevery hand excite
meut confusion disorder in trade, currency and bank
ing.
In the mean time attempts force upon the country
basele paper money increasing in quarter The fol
lowing has just appeared