Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1837-09-12
MONEY MAKE
Monday, Sept. III, p. M.

ton from which started after the Of 1926 The
still kept by certain persons expansions by
banks proceeds from real and other SPECTATORS The
real business men Of the country gadu lilly Withdrawing
from all connection with spectators politicians and begin
ming their operations dc
As evidence of healthy of action in our TO-
reign trade the specie in purchase goods payment Of
debs but principally the former, flow this
mig had the following ports
named
From X ysr. Cruz, snss,zs
Estimate OF orner arrivals, 100000
S5,ln,om
OF the arrivals of specie last night for Goodhue
Co., the balance for tsoeay-forr other houses
Thespece imports may be considered various points Of
view. They may be in liquidation OF old debts-in payment
for purcases-or settle the balances OF foreign
change which the variations Of trade may between New
York and the ports named The latter points of view
solve themselves into and the best guess which
signs be for purchases Of fresh merchandise
BY these operations that the foreign trade grasu
ally returning to the system which existed from 1926
1880 before the United States bank and the large houses
London New York New Orleans had organized the sys
tenn Of creating large nominal capital by drawing and
drawing between the different commercial ports the wors
The foreign exchanges between New York and every point
Of the world thus rapidly returning healthy action
While this the of things in the foreign trads
gin TO like movement forcing its way in the domestic
trade or late various lots Of have been receive here
from Charleston, $. c. and also from New Orleans. By the
ceive tina, $4,000 specie have been shipped this port
During the last month probably S2oo, less have
here from the southern The racehorsc
bills, they called, foot by the ingenuity the
the United States bank and participated the late depoe
banks have not only been broken and destroyed bat in
their destruction they carried with them the real exchange
transactions of the south and north The Of real
trade and the organization Of the exchanges the balances
payable in specie rapidly returning the system
which existed before the United
domestic kng ~ stem
During the interruption of The Southern exchanges caused
by the revuon of March last merchants have
begun great calculated establish direct inn
porting and exporting system between the growing
States and Europe. Possessing the great staples, cotton,
rice and tobacco the basis Of oil exchanges and foreign
trade the Southern merchants begin think that they
take foreign import trade, their hands, dimi-
mutton OF 30 per compared with the expenses
trade conducted through the Of New York and
the North
IN connection wh this matter great Efforts making
Baltimore persuade the banks Of that city cal
South and Of Europe and thus the southern
trade through that channel The plan proposed accomplish
purpose for banks of Baltimore Charles
ton Mobile and New Orleans make arrangemen by
which Southern bank paper ,coud circulate par city Of
baltimore Ii this plan capable of producing such effect
Of Southern trade and Southern exchanges
presume that perfectly competent for the banks in this
city be in the field ahead OF the Baltimore banks
Blythe action OF the General Government banks
henceortb TO be left shift for themselves The
ton Of the aSuerols connection whatever miserable po-
clans may say, will be found in sequel advantageous
both banks and government Ever banks been
connected with government have nothing but agita-
ion-agitation In order the New banks
especially those formerly called Depasite Banks ourp
the Baltimore baEks in securing the southern trade
plan, following statement Of their condition,
made last week by Secretary Woodbury. Congress :
cosDfrfos NEW YORK DEposTE BANKS, SEPT l. 1897