The herald., 1837-04-24
M ON K Y M A X X e Il.

The disastrous from New Saturday morn.
ing pfodused great excitement Wall street particularly TO-
porte failure of Woods Nashville and New
The failure of the Dicks will strike into the Ten
trade, that was az
BsHk Of Nashville. doubts thrown over the
statement concerning Yeatman, Woods Cs.-euers having
received by III, ose Of Parrish from their agents At
New Orleans making mention Of that sae OF
things the failures here consued and the csse Of hours
half dozen houses e having ~
addition o those Of Friday
Tho failures begin 10 the Oldest houses
Southern bank cheeks utterly unucgotiabe and many fall in
eoneau checks being receivable At our
Checks dcposc banks Of Virginia refused by tho
banks here There dcplornbIe Of confidence
towards all the southern banks those have the pb
sds the safety fund banks there equal want conf
dence The State Treasury has issued order discrespr a
New York westera bank and directing received
for canal tolls One Of fooshbank 10 turn
trying the credit Of the bankp or million
Now, what's tho condition of,he safety fund banksl
The city and North River banks, high Troy
all bank beyond those limits ary
several days the close Of paper ws
refused any Wall On looking the last re-
tho bsnk find their reported nj
engh The bulk cfacty fund may divided nts
three f.w nasses-ihe North Rre banks-he northern to-
wards Lake Champlanthe central north as far an
Geneva-and the western reaching from Buao The
following is the condition Of the aggregate county safety fund
bants
sosisscs i5,ssoSo issos $50 ssss,TS ias1sfs sGSs
small specie the crcutaiios asd dero.t
poste Albany and New York which pu at sseooss
making o. claims amount Of s7.-
eooooo, ssysbe on demand
This sta smcn made tho st Of January y~r tho
couny banks generally contracted order pu, The beat face
At this probable that the rs,,o ofs.
bill ties demand Iand that their ppds
York and Albany have nsch diminished by drafts already
paid In such crisis As the present with the
government has dscredcd Of these state
Il wonder that the pusc generally should refuse 10
take their particularly they get
exchanged at oil in Wall street.
The conduct Of the Bank Com
postcrous they had knsws thing Of their business thy
ous 10 have known-bey ought r.seen this many
months Yet amentabe fact. thst these commission
promulgated the crude and opsons
Of the country period They denied the we setd
theory that redundant currency depates value They do
MED the fact that the foreign poaos any
disturbance the market because the foreign exchange
did then indicate the fact They ign ranty attributed the
extraordinary high caused issues ami
credits ef hsas to the natural Of consu.
and the growth population Tho tic COM
ca wsd bessn last fall slowly first and very gradually yet
the appointed 10 wa'ch the tides OF the money market ana
netcc Of hurricane nothing
Of nothing.
The effects Of this ignorance present crrs
week preaby about 100000 specie this psr, s Eu
ope ndb Of exchangeae hardly any price Such
few could be effected high ps cent cash H the
safety fusd banks and the safety fsnd system weather the
present hurricane, will miracle Their curtaments ought
have begun july last the moment,
they have bean expanding In tho face Of high
pr, and their guardians tho Bank taking
great credit for this bsray, they call it The bills ofsese