Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1837-11-14
M u N e Y ~ A II X n II.
NJ xu~~x No., n n

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IA he whole course Of long experencen Wall
never saw such hope, such buoyanoy, such ex-
cemea' the public mind II the sentiment o. confidence
times. ~ @&
The plans and projects are numerous am ebarras
"g ihe consultations among the bankers equally
gus d"s equally embarrassing Among portion a new
Naoha oanA OF 100000 capital projectedsnoher pro
State bank of S55e0o00O 10 rival The Ured
bank OF Phiadephiaand another thinks that the sys
TEN and number OF banks sufficient prop NV
aud rec ulated.
The friends the administration seem to e rrenao ),
ray Tor new bank under the authority of Congress All The
conservatives nearly ALL who opposed the ocoocos wop
JOIN In this project On the hand the opnoson arc
evidently preparing for 20 be ma,ur.d
by the next legislature. Governor believed 10 be in
lac interest OF the State banks and will join any feasible plan
that may be concocted in Wall The prohibition aeaius,
a note Issues VIII undoubtedly be repealed Even most
g'o OF the democrats have changed their views these
points rapidly within few days. What disposition NAV be
MADE 81 the restraining law, usury law mortgage law
seems more doubtful The bank oppose a repeal
OF the restraining law And this interest being pre- omnast
IL the legislature, the result may be anticipated
Great efforts will be made the state to adopt the
construction OF the Lake Erie Rail Road II will he nroed
that the state alone competent such magniGcen, yr
and that It's benefits New York would be- without npairoe
the value OF the Canal feature of the new
policy about to be adopted.
These and various other projects will be warmiv dso,,
up to the meeting Of the legislature Next winter s;n
guar spectacle will be presented The democrats have the
MAJ ry OF Congresshe wings of TIE state leo slaure II
would not surprise both running same career bur
ryIng mead over heels in the establishment some hank
IN order possess the vantage next great tide
OF prosperity No matters something will certainly grow an,
OF the present state OF parties tha will benefit the
cai classes In the recent elections tie interest
vnacased Its power and Influence, all parties will now
endeayor to concitiate and meet its views.
Under this state of things stocks to riseot
bu slightly In the money market is moi much chance
Although It plenty, good security is little demand
iorH present We only yet chaos of hone and
expectation The only distinct now going forward
Is the preparations fer the Bank on the PM
from every quarter The banks sending in deeoa,es
ane ohio amore and many other places lave acted o,
The SUBJECT Our own banks also prepnrS To som. The
prospect OF resumption certa-to others not so ce,,
commence certainly under all The chief ee
ment OF resumption The political events have
ca commence Why aen should these innuesces
SO desirable an event! III the deliberations of the Bank
vention are conducted with skill capacity il NAV brgn
new era IN THIS countryand emevc the great body of
the people, all the prejudice, yet lingering against The system
Let them direct their attention the establishment o
general principles founded accurate and scientific data
There should be proportion between and pro
pertybetwecn bank loans and prices every co mmusv
Let the convention ascertain these the history Of
the past and let general system of action be adop,ed
oy the whole body OF banks We shall endeavor 10 aid
the cause OF some much possible The following
tant tables win lusra what we mean