Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1837-07-26
nj o N nc Y M A II x e T.
LII 0G 4 r


Tuesday, July IS, p. M.
The whole of the intelligence from England evident
Nv in favor rapid restoration OF confidence TINS country
df proper foundation TO build upon Already nave
the English prints changed their Tone and instead Of connu
inn N asrbe 10 us disposition rob their merchants they
now almost that sill come up TO the mark like honest
men and nav Ere this they have found out proba
bly, that there much commercial integrity the wids OF
America as of Manchester and Liverpool They
will have out that their dear Bank OF England
has had the greatest share in producing the late Crisis Is
very well fer them boast of the generous conduct oil hat
insutonSut they ought forget that she favored the
expansions OF 1885 and 1885, Had been for her winR
conduct of joint banks the stream OF commerce
could have oyerowed its banks And when she came
her error instead Of skfuy applying alternatives sne
bunderngy OF credit that we enjoyed thfoush he' ~
strumeptaty Of more than fifty millions oil money Inns POI"
v rnnous IN thousands of our merchants because they
place of refuge home but the arms oil he state oa
They protection and the Storm outst upon our
heads
Ate slang Of the English and American papers about 'he
c,usjno the ruin of commerce. for
much as il worth with sensible men, Party feelings have no
business with the investigation OF commercial subjects That
tho fi, measure, of the Safety Fund Bubble party had
great influence creating apecuatng mana and hence my
ras of corporation, favor the schemes OF SPECTATORS can
not be doubted But that our destruction was Immediately
consequent on is absurd in the extreme Loss
woud have ensuedgrea loss wou have been ielt-under
the most careful management twas the policy OF the En-
gsh that spread r far and wide our country
Had we been provided with National Bank this policy would
have recoed upon the head OF the Bank of England Thus
much have learned from experience
Now paper system has been worked in both
overexhauson what remains to be done Blythe ac-
Victoria the the question OF the currency
may doubtless WILL form the great elements of par
M In September the subject will be before the Ameri
Congress Can adopt system that will act in oppo
siton the English system! II We do, we totally destroy
what little remains of Will both countries
interested in placing their currencies similar basis
Stocks quite upward move today u States
ll6rose to 117and closed al l6t In sale
made today this was the case.
Specie will be seen, is looking down. Uncle Sans drafts
are still forced lo4, with object of lowering specie
possible
The Roscoe Will up this evening. She brings aivces from
Liverpool the OATH Some anxiety felt on Wall
know how things have gone in England.
SIX O'CLOCK, p. NJ.
The news by Roscoe goes still farther ,ranquize the
public mind. In London the difficulties that American
trade was labong forgotten excitement
Incident upon the accession of the Queen the throne For
once have monetary affairs succumbed politics Not
the Lombard heard Wemust sup
pose however, that all and tranquil On reference
to our reports will be found that troubles existed
in the manufacturing dstrc-yet they disappearing
and hopes entertained that money affairs would
round gradually the old regime. We disposed
than believe that the will occupy
attention the parliament From the ofthe party
articles the various English papers, there will ke
the election between the Conservatives the
Radicals should the conservatives get into power,
the Joint stock banks They will have go the way
state banking system. The influence of American
England deeply felt and the discussions that have agaed
us for the past been lost the English peo-
pie and English Legislators There will yet be desperate
struggle in the kingdom Alexandria between the friends
an rredeemabe paper currency and convertible circulating
and commercial medium
At the second Board evening stocks United
closed at III frmly. Securities will continue look up
onsequcnce favorable from abroad This gives
confidence and confidence bege desire to invest surplus
capital Money will now seek investment 10 stocks they all
have reached their lowest point depression This however
will be slow operation Men been bitten by specula-
on they will take special avoid the equences
of excessive indulgence stock obag They will elth
way.
For the past three weeks quantity specie has found
its way from the chests the mddng classes
BY overradng OF the last years. these
come rapidly Not having confidence in banks
knowing intrcacies OF trade. they boarded up their
wealth coin. draws forth from the strong
box, the farmer becomes his the money
lender large has been loaned by them upon
mortgage per and this is OF the why
real forced into market expected
The LIST Of August is rapidly approaching, and hear
more of Mr. Bddes resumption What is the matter. Has
the great nance resolved stand the chance Of having his
chartera brogaed But great geniues always suet
w. Mr. Bidde intends doubtless surprise the nation
has already than instance We wish Wall
street New York would be- in that
what il ought and what shall be- the money Il
the Union
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