Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1837-06-07
MI ON r " NJ A II X II H
yV~dueSday. Jun


MONEY MARE II T.
"Wednesday, June y.
We do not perceive much improvement market
any quarter Yesterday dies at the Board OF Bro
consequence the death ola member Mr. Steboss,
young gentleman Of fine talents little business was DONE
Instead Of discussing the value Of stocks settling derences
contracts Brokers and their visitors now privately
examining evidences phyosophising
the mysteries Egyp-or carefully nquirng into the sub
lime truths Of geology and gavanism The little that was
done in stocks yesterday done a decline.
United States Bank consequence of the Developments
made its condition. getting into rapid disrepute seems
the intention fhe break that establish
possible Its only salvation in the confidence
of its European holders and creditors they give way
hearing Of the in this country should not be
surprised the institution wind up in utter insolvency
The of Pennsylvania has entirely in his
close doors-bu will he! Several Of the other banks
Philadelphia than the United States Bank
The Girard, the Western and the Schuyk banks-a gov
depotories-are deemed entirely insolvcnt II is
confidently stated the Grard bank has loaned 100000
soc which have fallen so go per centhe other
two banks in like condition
suspect will Government banks gen.
orally win pay half the deposits placed in them by the
Executive, it be in irredeemable paper About tsy
millions depose in these institutions half OF
which will never be available.
that the foreign exchange drawn by the Biddleso
London for f4OO00 sterling returned under protest
only protested for nonsccepance The Philadelphia
to bills which, though protested for nonacceptance,
honoraby paid when they became dne due to the
house OF Messrs. Bdde Co. to make this correction The
afoa Wall street by Of the agents OF
Government banks, of hostility the u Bank and
the family OF the Bdde is amentable to such violent
Gothic barbarian hostes existing among civilized men, but
the Kitchen Cabinet into power have been
degenerating and running into savage life.
We positively assured that there viii be meeting
of the legislature any attempt yepeal the prohibition
arrangements with Washington clique procure issue
oeasury and begin the game Of speculation the
paper currency Every body recelec the conflict that
ceeded the removal OF the depose The failures and bank
ruptcies which then took succeeded by period Of
greater speculation higher prices and rapidly made for
tunes than the history Of commerce in this country furnishes
We but the like win follow the present
struggle between the and the United States Bank
Failures indeed continue to take place parts of the
country well here but these may only be the last
humps of the revuon previous Developments the
paper system.
Private letters from Boston that sreat and
gone the of late Senator merchant who inherited
$500 900 from his father The suspension OF the Hedges in
Plymouth also said to be heavy In ether portions Of the
country south and NORTH similar still taking place.
Nor will they stop till the banks generally agree upon
system OF issues and that there will be very great issue Of
paper money every reason TO believe The
State governments and the bans generally, In favor
paper curencythe Of the people against it, but
their power into action till after three
tons.
The general government whatever its specie doctrines may
he now will be driven the necessity of submitting destiny
We persuaded all afectsiion the u. s. Executive
and its associates, talk much about specie There only
motive among them that locks in that direction II they
could drive all the mechanics and others who afford it,
the cities great west they might dispose of
land they have hand We but this be
motive. specie circular persisted in operate the At
anc depresses ruins drives people
agriculture The agents government have nad sels
there probability selling to those who ruined In
the Atlantic cities.
Our various branches OF foreign trade still undergoing
process Of resulsion BY the ship Courier, WOLFE which
rived this port Monday, from Rio. correspondent
thus Rio Janero, April thSnce last reports
per Miranda" have had little alteration in our markets.
Coffee bees bought up here rate, which cannot from
aces, promise much profit now is held at about
81 per lb; and crop nearly all in Sugars getting
and learn from that the crop has been pr
cpaly bought up, by Mesr b. Co., speculation Thea
sales n board Exchange England Is now
difficult negotiation. The from the United
States and Europe paraiyaed all SPECTATORS and
OF strongest houses shake the very
We regret say American houses here especially
the Monster who has endeavored monopoize all the coffee
sugar crops conjunction with house Of your city,
trembling hear from the United States and Europe
The facilities given by Barngs agent your city,
certain individuals have had injurious tendency, and
brough, upon many evils, by causing produce TO rise
prices warranted by the recent dates we have re-
ceived Europe IL
this port this season. will leave actual loss 10 the owners Of
q per cent But Eagsh credit stands in the gap asd
remains whether these bills will be met with the
pomptness and alacry at maturity in London, they
have been granted here From this the baneu effects
expanded credit system, recently exploded in this city
already had the injurious consequences in the Bra
z and little do they think that have arrived at the pitch
not only individual, but national bankruptcy. Qneywi
United agents abroad be able negotiate their bills
on bankrupt government! VIII they pay pre-
muml VIII not foreigners Of the Star spanged banner
| there goes abankrupt flag"
Such the effects of having thinkers in high places
GENERAL MARKETS.
New Yosg, June 9th, r. M-Trade Is gradually giving way
to weather The only transaction today worthy OF re-
sthe large sale Messr Austen, wncrding 90,
Itwaswell attended, and commenced spirited manner ous
rather lackened the coe however, passed on much bet
ter than the hast sale.
FIour-The market swttou any change sales western
take place s962 s975 the demand Is rather m'eo ior
New York and Southern Stock on hand light
suga-sales take place Of ~ barrels Porto Hco a. a9
81 200 bids prime Pouo Rico, at5aes io boxes brownat
81; go boxes white, 7lc. The demand mouerae NO
change.
TeaS-hc advertised by Messs Aus'en "imerd'ng&
Co took place Yesterday the cargo Of ship Levan' they
4 m Al. 70. nsalc