Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1837-05-25
MO NEY MA X K IT.

weSre beginning things little clearly Stocks
spite of the paper currency daily reeang-but the in
ciden arises the belief generally entertained
That Executive Washington resolved to restore specie
payments the transactions Of the government are
expected expansions by the banks which the
SUSPENSION opened door for is mol forthcoming Many OF he
large banks in this city cuaing their crcusoa-buyng
s secretly perlapsand putting themselves gradually n'o
mprgnable position The Manhattan Bank has little or no
paper culaon, and daily curtailng It's business
and discounts that the ireciosof this bank have
refused entirely under the suspension law Many
expecthatt will make effort restore specie payments Va
weemore less Several other oil Tire " all street DAMS
begin TO entertain similar purpose.
With the aid and assistance OF the government many h'en
ciers they will resume The moral sense OF
country extremely hostile TO the ana any ehof
any number banks under the patronage OF the govern
ment to resume would be encouraged and supported The
Stockholders of The banks form anoher class that
very hostile 10 The cont nuaon of the present of things
Their dividends being suspended during the makes them
desrous that these institutions should renew.
Itsyery evident thet any concerted anempt be made
rsums n can only tried by solvent ANA solid Institutions
The very partial of such attempt would be the
death all those that could not follow the
In quarters there extraordinary degree Of Aost
~ towards bank that would try The specula-
lator and those who deep in various engagements
the prices extremely hostile presumption is also
probable that the United States Bank and all its friends
equally DESTROYS to prevent such movement.
In consequence of this state At things specie has depeca
city bank paper h1s appreciated The sumption Of specie
payments by any Of banks, would destroy the
discount betweensuch paper and specie bat would increase
respects specie paying banks In the opinion of many
able dozen specie paying banks throughout he coun
would in less than months crush all the other banks and
be able reconstruct commercial edice, materials
that would gradually form system and be equal to
entire monopoly.
The packets carried nearly sS00o0O
specie In the London packet eoo-in Liverpool
mi IIavrc rd.
believed have been-pped by the United
Bank, leaving probably in her .sas less million
dollars eight millions of paper currency The spe-
Gle has increased Wall street very much during the
Vast quantities coming oussnne from oil stockngs-some
from the banks TIE suspension took
place calculated that 81 of pecieave port
Europe and that in the month probably S0OoOo0
more will olow. There is plenty of ii The premium
varying to 10 per cent n6ncement for all the holders
part with particularly apparently present prices pa
per money viii command what ii really would do before
suspension
1t is pow generally believed be positive the
government restore metallic long before congress
sh& in September On this point we expect terrible
furious between specie paying aud non-spece
paying banks large body OF SPECTATORS politicians and
will prove that the paper system better
souuder an the specie ystemthat indus
try connected with prosperity No doubt moderate
use o. rible credit system very beneficial a
ton-butlts lansions such have seen for
Two wears o. of any country. In this contest,
already appear, banks, utterly rotten and
nound will embrace opportunity flood the country with
narer money for they supported by the paper money
party Already know of several New England banks that
arc issuing their paper great abundance and repenishDg
their vaults with specie Those banks who wish To act the
rogue can easily One New England bank that has
pended sent agent Wall street recently and procured
5000 in specie at premium ii specie
payments well and good-if the gold may he divided
among the confederates final blow up Thus 60
GENERAL MARKETS
NEw YoRx MAY oath P. Midday passed of Of
the many rainy days that we -ye enumerated lately bu
sness has perfectly stantrade has not yet adapted
itself TO any kind Of orderprces are continually hucuang
few days have been the mos, angud that has iaen
our loi TO record. .s,-.....s.-v -esa e-.r-.
rlosr--rces rather rccedng The market today
ed of very heavy few sales OF New York at $50 $780, and
sales Of Western place s62 and for superior
elo. smal sales at Inter price.
Auction Sales hhds nolasses 1877 1890 do Trinidad
al 2 5000 bags coffee ct 8&so chest Lucca oil
245-2o kegs gargoon anchoves at 95clo hhds prime
Cuba moasses 21o hf ch black q 25ci4oo bush
els damaged in bags at % 702Oo bushels damaged
rye bags II 42lioo do do wheat in bulk at 80 &c.,
200 do do rye do do at 81 SIC, terms cash.
Receipts o: Producesc9 barrels fourl9s half ds2es
barrels ashes.
New osLEaSs Nay l6hsaes Of cotton this day 721 bales
The same with The exception Of Hour and corr The former had
yesterday and some are holding at s Corn had advanced
7c er bshe which price sales have been made The last
viii further advance consequence Of the being
very much reduced.
sas. at TIC N.y Yers s.:es E.sAanss. Nay ~
N. q. City Bank, rs % Camden and Amboy X H.,
100 u. =. Bank, l07 Jog l28
us Del and Hudson, rs all 90 Mohawk, II
10 Morris Canal, So 90 Boston and Providence, loo
10 Amer Life and Trust 90 aD
rs chic Life and Trust 81 so NJ j. and r. r. 8e 86i
"a so5 Utica, ll3 a ia
1850 Manhattan 90 800 Long Island 6fa63
Sales Of stocksa philadelphia, May2a
"a IT, = Bank lie 30 Commercial Bank, 81
rs Girar BANK, AL $50 Del. Hraon 784 to III
1TMr s FIELD, who palmed Broken Bank Bin upon my
Young man payment ornedicne about hafpast o'clock