Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1837-07-17

time they learn the whole extent Of their losses they will
their anger On the 9th of june when Tire brig thai has
brought Boston, left the Mersey New York
packet 18th of May lsaed the lsth anneunca
as having arrived in that river Will, that packet began the
heavy remsnces in specie TO foreign debt which are
continued more less this day BY the Liverpool and
Havre packeprincpay by tho former salts today
over $500 900 in specie further liquidation
OF the foreign debt laid in at less pre-
MUM han heetoore averaging probably at sper cent
Up to cis day. the aggregate auour of specc reunited 10
Engd since the suspension, cannot be tar short oil soooo
per- APPS more The houses and rsttuuohs 10y whom se
been sent, are r,e Browns; Prime Co.
Goodhue Co; and, probably. Bdde Co.,oi fhadepha
The United Srcs Bark also has been shrper but small IN
arsunt in comparison 10 IT'S Liabilities Ios institution has
confined its rcmances principally 10 cottea ana oher pro-
dnce, through agents and third parties.
In spite of the Liverpool press, the English
mercantile interest VIII lose money in oher
own operating the prices OF cctton than from the
Intention WISH purpose OF our merchants to defraud them
of their praperty The commercial nccress of both
tries will aw but examinations useless-regrcs
annabe.
The exs OF things in England is yet enveoped in
mystery Theare deep and fearful frebodngs
action the upon this country will again
disastrous tits evident that the Dznk of England sup
porting, r tine, eAmercan trade merely covering
its directors who had individuals
the asrs OF the As the directors got
clear the bank the connection
concurrence The sympathy and Hagnanmy of the Bank Of
Englan lthat ofany other corpor dwndes, therefore
condtHon of the English money market feverish and
interesting. The American houses connected with
hundred, houses the kingdom Many Of these
houses guarantees to prop te London houses What
is to be the fate of the ~hoe This have yet learn.
This settled, sb: have radical revolution in
the commercial system by which between Europe
and America in future he transacted In Loadcn, Liver
pool New York. andFew Orleans has been tendency
for aew past Business and exchanges
sewlage houses establishments in each cities
The good old commercial system Of driving large foreign
trade ausng number of small but steady houses heads
each capable Of attending the details of each has been
pewereby overgrown monopoes and bouses-and
tasshmeuss of unweady size and No
single mind could gasp, with accuracy and insight shenu
business ofthe Wilson'S Wdes Virgins,
Hernanns When pecunia engagements
TO clerks agents. how forndoence carelessnes
to overlosk the leadsg points Of ajns, policy!
urerAnce ohese views and growing out Of the present
revasiop, the house of Barng and perhaps
others ncs their business hereafter proper
desona Mr. Baes the active partner of the house,
uoeted with the American trade is rumored, will leave the
Other rooted changes snd ateato on the
carpet which will place the American trade in Europe herea
better footing than sheen for many past The
day sfoversvown mesopoles drawing close Business
will dipHed among number active business
proportions asihey manage with skill and effect
perhaps owing strict adherence to the goodold prn
cpes that several Of our foreign houses in New
York. these especially have mentioned, Goodhue Co.
Co.. beea able, not only to weather
the revuop Jay foundation oEa better SYSTEM that
will hereafter enable reconstruct oar foreign trade and
exchanges and place them ON an impregpabe foundation
yet wait patiently for the douenenf not eny in
England bntrom oveE4sl Europe month more, and ~e
will know where are
In our internal affairs Me change has taken place since
last The politicians parties, by whom excellent
bankng system in 1923 and %, still coanue
their destroy ell the principles jIsice and eace
all the morals 0feomnerce
Since the catastrophe 10th May the banks and the
state madeevery pegEetuate the Jug
IL in
only currency, Recognised by the consultation admitted
by the civilized world has been held afsrce and vi
sion The "Aibapy Argus ahe Of the Safety Fund
bubble has the nebe mpudence and audacy TO say that
Suspension aAd the arrangement the
6aHhs, Improvement 20 the currency
which before. What Is this improvement! BY
te Suspension May safety fund fell TO 10 be-
low specie period there SIS of bank cir
culston aHoal this the direct loss TO abe people
WAS 1850 600
5uteres for one year daring the suspension law
per cent, Do"V
e,o.. .,ouD, Of los, in one wear, s7,s5eooo
BY this statement will be perceived that the Safety Fund
bsbe and It's trimmings actually pusder the people Of this
state millions ve hundred and y thousand dollars
in one war Tito this add the loss that will be sustained
by the Canal Fund, - sl,5ooooo
se on sot by the Safety Fund spirit about 25oooooo
We have an aggregate OF soo,o5o,ooO
dead loss 10 the people country through system
late United STAKES Bank destruction of the good
currency furnished by that invaluable institution
This Is what Mr. Edwin Crosswel of Albany, has the
c,iy to call posti,e an the currency-"e certain
IN am ;rprs,ems in currency ua,ca entitled
fion.n Obi OH OH
The Treasury Department gave directions to the Collector
of this port three ago, make statement Of goods
and merchandise in public and the cash dues
cruipg thereon. The statement runs nearly thus
Goods wares and merchandise in public stores so75000o
C,.sh dnt;rs accruing thereon, 1000
days the importers viii be required to take out these
goods and pay in specie Falling TO comply with
this demand the whole Of goods will be thrown INTO
the market and sold what they will fetch to pay the duties
What TO be tine effect the prices OF goods
and temper mercantile community Nous terron
Cotton Market.
Ngw YoRK. July II.
On Saturday te in very light Weremsrk
sale took place Friday Of 800 bales Singleton south
Carolna crop &c., only has been made for the
past oahs i2 The lot taken for favre Prices
all descriptions under fair have rather tendency
downwards Our quotations for fair eIc, and good fair
HE few Florida Saturday at st ard
Mobile ioic From additional facts have gathered