Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1837-12-02


like dimnuton has place exports specie to Ene
land, but present have not the data
Accounts freely circulated today Of very important
movement made by the Bank Convention. Yesterday Mr..
Gaap from the committee OF rentse from each state
reported resolution purportiDg, That the banks represented
n the convention, payments the ls Of July
This question debate further stated that
1t occupied that body today during the whole
vote, naming the LIST July, in committee, for the
port The miaority in which represented BaAk
brought adverse report making specific reesn
mendaton bu, pointing another to be hcd in
April or May. Boston, Philadelphia Baltimore are in
favor OF deay-vrgna, New York and States arc ia
favor of the ls OF July.
The Convention creating much dscussoH Wall street.
and enough the greatest difference Of opinion
onis movements, influence and ultimate results II believ.
ed aso that the vote will be in favor resumption the
fully next The New York delegation almost
immediate resumption but in order the
ground, they named a distant day for a
gen eral movement
Should this will be its effect on business
generally.
Many anticipate disaster large some
Of thes the shrewdest Tie street. believe healthy
business be DONE till the banks day for resumption.
II generally believed that nearly all outstanding
foreign debt be paid has been qudated already No
doubt large amount Of engagements exist between Engasd
and the United States part Of which will paid the
viii be lqudaed assets realized almost inn
possible for these who fell their ground the
old basis.
The opnen also pressed that the foreign exchange SIN,
kept the existence Of the foreign debt well be que
toned Let the banks and the exchange
fails It's old 81 which nearly par 10
Neither would resumption of specie payments have any
feet the expectation Of specie Those houses who have
gagements in England without possessing
funds hardly paper specie tker debts To
this class of the suspended, it is a matter of consequence
VIII i the baaks do.
Again, and satisfied that resumption OF
specie yments the naming of particular day, will
have most happy tendency the trade
i tIa Iraas
of the As the spring sets in capitalists and
chants will into with their open Time
values will become fixed and steady The effect may be
depress stocks but the gradual operation wiz
every article reach Fixed and positive values The
private depoes Of banks, nearly si5ooo,ooe will
go about seeking investment Every thing will
healthy hue, AID will begin tae spring a!e
| permanent and steady currency.
The results OF this will be ardenty watched
arrival from England to the 18th from Lon
don. The money plentiful in London and stocks
ing Specie TO be quite plenty in the great European
mar and exchange very nearly equased. curious
sprung up among the London prints particular
y ,he Times and Courier" respecting
made in the Money Marker OF the New York Herald,
the England. The "Tmes" epouses the side OF
tae Herad-the Courier" againit The questions whether
foreign debt nearly all paid that viii be paid ard what
dividends suspended houses viii make!
shall examine this length and throw little fur
| Their light on the matter
The appointment of Mr.. Jaudon agent reside il
don by the u y Bank and Mr. Cowe as agent by the Bank
Of England this country, is considered in London
to have been mutual and has Civ
great offence, TO the mercantile Interests OF that capital
They question proprety Of these large nsu-
| tons entering into mercantile speculatioRs.
| Sales mt the stock Exchange.
| DECEMBER l, I'm.
225 " = Bank, l22 so Frer,ens Ins. 7Ss n rs
$50 Del Hud 784 s8i leo N J Rail Road,
| $50 Mechanics Bank, 96 Prov \ Ston, 62
100 Farmers Trust, 1921 100 58 Utica Schenectady 100
$50 Am Trust Co, e4i IS 80 IIarlemRR 90 a 6Oi
IS State Bank 1o.ta Ioli $50 Bost wor r. s4a 95
| Merchants Marine IDs, IS S4s0o Treas dts 1914
GA atu0nsT