Du Buque visitor. [volume] (Dubuque, Lead Mines, Wisconsin Territory) 1836-1837, 1837-05-17
THE PRESSURE.

From the .1naeriran Cancellation.
MONEY MATTERS AT THE NORTH
We give below the latest advicas Of the ,,a,. sf
money matters At the north. Failures con,;nn. -
take place Of all grades from millions down 10 hun.
dreds of dollars The humble, of failure. :, NJ.
York is stated Al one hundsed and twenty. which
We prssum. includes leading and well known h,..
ness houses only. Biddle is about shippin. mil.
lion Of silver dollars 10 England as basis 70 N.
credit upon which his three millions Of ,velys
months bonds are drawn. Some of tho nonhe,.
papers anticipate even worse times than have W.
been experienced in the mercantile cities. and ~.
should not be surprised if their impressions were
realized. Since the work has begun, Il will b. be,.
tor for the county that a thorough and en,rs pu.
rifca,ion take place i'll the commercial world. Eva.
~ tub will then once more stand upon its cwa boz.
tom.
MONEY MATTERS IN NEW YORK.
On Monday At one o'clock, P. NJ no tail,rs
were announced. On Saturday, il appears, sevsr.
failures occurreone account says ten or twelve.
some Of them large houses We annex he Pillow.
ing items from the New York journals and slip. Of
Monday afternoon:
From, the Herci, April 10.
The failures continue without iMtermission. A
large importing house suspended on Saturday for
an amount varying from one to tyro millisns This
failure, az usual carried many Others withj,. The
amount ofcommercaf paper now daily laying over
In the banks, is very great. Nc,arie public have
more TO do than they can manage We also lean
from various sources, that such is the entire p,ess.
ton ofcommerc al credit--ths consterna,iona nsre
the banks-and The dread of tho action and TEN.
per of the government On the public funds that ma.
ny otherlarge hous.s, yetin solvent ere instances,
are preparing 10 wind up their bssiass~Nd stop
payment. We have hca-riof two or three houses,
with deposi,ss Of So, 900, that zee no other eose
befsse them but failure and suspension.
From the Nep York Erening' Post, .4pr;1 10.
REMAkKs.-T'hs pressure in the money make,
is undated. We understand a nuMbsr al houses
have bsen obliged to suspend payment for the pre-.
sent, being unable TO obtain funds on even IN. bsn
securities. This state Of things resulted 10 the
call Of private meeting RI number Of gsn,lsnen
at the Mayors Office on Saturday, when commit.
tee was appointed to recommend some measure 20.
the reliaf Of the money market. One ofihe propo-
sitons ie, Az application to the Legislature (nuw
III SESSION. for law loanng the credit Of the state
to the city banks for twenty years in bonds 70 the
amount often millons, 1t an interest Of per cent.
which should be considered AS an addition 10 their
capital % discount upon. Whether this villbe Z.
d0pted, or the legislature sanction il, squite pro.
| blamatical. Somebody suggested that tie banks
should disconsinue specie payments, but the ides
was secuted.
The stocks to-day hare improved . little. owing
we 70 some Of the brokers bsins shcr, and
compelled TO buy. There Is, however, bss'ss
isellag 10 the strest TO day, money il easier.
The Peoples Bank NJ Pass,son, NJ. wss r.s
upon for specie for several day., but promptly met
all demands The bsnk il ssid 70 DO the souadsa
IN tbs state.
From New Orleans, NJ lsssn that the house Il
Msssrs Lizard, .iace the first day Of Octobs, as,
have imported 81 1874, 1877 Ia specie 6om Mexico,
add Havsns.
From Bieknell's Reporter, April 10.
MONEY MATTERS IN
TIE AoNLY MARzET-THE paEssvRE-ruitA.
DELFHlA.
The pressure in the money market siil esssis.
uss SINCE our last, several additoaal failuushsvs
occurfad In New osk. ana one a. twn IN ,his civ.