Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1837-11-10
M q NIY NJ A * X + II.
Thursday, Nov


Business has hardly resumed from he inactivity into which
thrown by the excitement Of the election Stocks closed
today firmly, the prices Of yesterday. The suit OF the
election has created any special effect in
ney market. All its Influences anticipated before II
reached termination great change money matters and
the government has been gradually coming to maturity. The
election is only another single step the revolution which
will in money and politics, till reach peace and
guilty. The point which tending, evil
IDENTIFY national bank, and if New York to herself
she for this the GENERALIZATION Of the meRey
market. The commercial affairs and exchanges , country
never be emsnc ated from magn Influences until the de-
sirable result be obtained.
The financial be brought the legis
laure every mans mind. Among these the bank
suspei on-the mortgage awhe usury law-ihe
ing law-the Lake Erie rail oad-and small proh-
bi,on law, ill be of the leading points interest
OF the last little has been said II is certain
have convertible paper ala system which can.
be abandoned ia spite OF the acketles locoocos New
York. the cologne oaer al Wasbngton-we ought TO-
instant repeal the clause prohibiting banks issuing
small bils what Is the consequence OF this prohibition
of worthless trash, issued by baseess co
that only live for week day dirty cellar
round Town. The only Danish shinpsslers from our
circulation 10 give the right issue small
bus For all change under one dollar have silver
in circulation. Our banks certainly de serving OF more
confidence than rotten agencies unknow bands aven
turers round about the country.
The smalnote measure orrht, therefore, be
brst points introduced into the next legislature.
In relation to the banks large have issue of
the Convention 10 be held here the 9th OF the present
month.
Great preparations making for this Convention through
out the country We learn that the Boston, the Baltimore,
and the Richmond banks have all agreed meet this
vocation We have not heard whether banks
will come into the measure but from appearances
probable that they will keep alooE The Of Mr. Bdde
in the great contest for national bank. procure the
ter for Philadelphia, and deprive New York OF lie will
therefore, commit himself any originating
New York till he see his way clearly.
considerable interest is beginning felt whether the
Charleston and other Southern banks will join in the New
York convention. Tie has been taken nv the
prevailed for become obstacle in any
general movement among the banks Of the south and
north, having fer its object the creation Of some system
OF union and exchange Yet might their n,eres,
10 meet the banks be assembled here merely as spec
tors merely amateurs, merely practical men,
IL the same bssness BY skul arrangement amoag The
banks, il is quite easy establish OF exchange a.
low everit done by the United Bsnkand per.
haps eff such for New York. embracing the
southern and northern banks Boston holds the
banks Of New England II should be case the rates
of exchange will fall and tn commercial between the
| north and south may be drawn tighter than ever
Al all eventshe approaching Bank Convention will one
of the important financial assemblies that
brough, together this country II egate comes Tor.
ward with full statistics and knowledge the scencef
delberat. and general comparison Of opinions held like
menand II they open the door Of their deliberations
the public press n,y lead Of the saluary
that took place the currency and financial
| hon Ct any country