Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1837-09-27
N ONEY MAR X Il T.

~ u ~ 4 Y III II X Il II.
Tuesday, Sept. 26--6 p. M.
slight depression seized stock market today, although
the msney market hanged. Specie has also
slightly advanced. This attributed demand growing
Of the neRon Of capitalists and of the banks speculate
hereafter Treasury drafts The great effort by
prints Wall street discedt the Treasury adj
vance, afford chance OF making The terms with
/ government that they can
believed that of the banks are in the specie
market buying up the neta privately order be ready for
the resumption Of cash pay ents early day. The Man
haitian ami Tradesmea bank both pay specie for their small
notes.-the latter bank, beve for every kind
Snguay enough this effort the paths of homes
has been ridcued here by certain prints and particularly
by the shnpaser newspapers Philadelphia the good
old principles OF commercial integrity prevailed in these latter
days. any effort the solitary and feeble would be hailed
with acclaim, and encouraged by stimulus that Nr-
asd honor deserve But GOO Of heaven how we are all
changed Politics have debauche and world
Al this Moment doubtful If the relief measures before con-
gres pass that body at ALL
is attempted to be shown that an Issue OF treasury notes
intended break down the banas and to monopoze The
specie Yet is well known that the money required new
the government intended for expenditure IN the Atlantic
states Tie greater part the surplus funds now in the
banks the institutions The embarramerts
grow the difficulty OF transferring the funds the
Atlantic states. This arises froa the
both the balances aa9 commercial balances
all against the a,esa of things that entirely
breaks no and destroys domestic exchanges from quarter
Yet il there confidence, capable nancers in the
scuthwes, and west they could easily the ac of the
exchanges to accommodate both government and
chants.
One ofthe Authorizations OF the opposition
gres tie idea entertained by many that defeat all the
before the House Repre- would be pop
with the mercantile interest national bank
and future and permanent system Of exchanges and
rency, coexensve with foreign and domestic trade
great and ardent desire OF the mercantile But until
that fully completely arranged thing which re-
qures tine II is adopt provisional
retrieve the and the commercial yet
left standing Aferoards the Interior of national
bank can be matured The mercantile interest,"
ing their general opposition the policy and spirit the
mnisuaon, decidedly in favor of the before
The House of Representatives
The sab-treasury system thing talk in pot.
system that put operation Even
if were carried out far they could how could az
feet the of the currency! The
debtand ITS special would have pay fast
ceved II bad policy the politicians at Washington de-
lay ac,on-Irompi decided acton-on practical nea
before h-m merely crafty their vanity talking
love of making display II they care,
they make the merchants loCofoco in feeling before the
year isout-
We thus waiting the OF expectation the
action Congress- Until that completed we must be
in the wind In monetary affairs.
Today large quantities IT, s. stock were ssld at the
Board The made by the large Excha.se house
OF Prime Co. We learn further, tina, very important nave
men connected with the foreign trade in contemplation
by that eminent house. We hear stated that Mr. James g.
King the active nancier of the firm preparing remove
London in order establish Agency there
for the convenient transaction of the exchange
mission business 1t is probable that the magnificent
ment OF Mr. Bdde in planting Agencies Bank in Liver
pool London Paris and Amsterdam, have caused similar
movement on the part OF Prime Co. For many years. and
through every revuen, this house has 10 march
ard unaffected untouched by every hurricane Mr. King
unquestonaby OF high talent in finance though he
has like Mr. Bidde made several mistakes Of late to which
could not give cordial sanction Nevertheless
taient thai secondary genius viii satisfy the world
Napoleon in war, Rothschi in finance only dawns
upon series Of centures
il viii De seen that the in Wall street and in
Chestnut having for their purpose reconstruction Of
foreign and exchanges, will have sautary effect uon
tins re In lions between this country Europe The svls
growingow othe late revuson viii seasonaby RENE
died. and the parties engaged in devng these remedies will
net only make their fortunes but aid commerce OF
the natsn-
Specie continues 10 arrive, at point To-day s3s2s
Imported in the ARIEL from Vera Cruze. This is ready 10
60 10 England in the next packet.
sales q the stock ExchanCe.