Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1837-08-24

00mDU00Y, O'OtOG H. j..
Specie coatinues ADVANCE whether by
foreign domestic problemssica The
already exported believed by many quite
pay al the foreign debt the when
add the expectation Of products and the diminished
importation Indeed the specie going and coming
certain extent The orders in Wall and
Liverpool packets Of today estimated at 100000 This
amount could have been procured month age diff
Guilty, but the quantity of specie which the
from the hoaders in the country has very much diminished OF
late.
The price of foreign bills exchange high but
Few are disposed TO make remances that description Full
confidence IN our foreign exchange houses far from being
stored although towards certain houses nuch charnes is
unnecessary.
One of the probable Of the in specie is sup
posed be the policy secretly adopted by the government
banks ofths city, in conjunction with the banks Virginia
1t will be recoected that few weeks proposition
flung Richmond for Bank Convention for the pur-
pose Of concerning towards early resumption
specie payments For fortnight past active
pondence has going between the leading nances
Richmond Albany, and New York. II is confined principally
the agents of the banks and their
precpitated by the 10 sepa
interests all banking Their object
is early resumption of specie payments order
the present State Bank deposit system being crushed
entirely by Treasury bank separation of
bank and Treasury.
has already agreed upon as we learn bew en- the
Virginia and New York banks that rigorous and steady
tamen OF discounts shall be up to the LIST of December
next on whch day. or Whereabouts, is proposed
specie payments
The recent advance in the price specie partly be
created by the effort Of these banks epensh
vaults 10 order to be ready early day.
remarkable fact in the story of6nance that suspend
ed banks approach to resumption, the specie gradually
enes in value, until beth paper and specie equazed
The New Orleans banks have resumed and really appears
that the experiment is not difficult is apprehended
The great and leading measure leading resumption of
specie payments gradual and steady curament of
counts The business in New Orleans prosated
that This curtanent has been carried through any
special embarrassment In this city there large
classes who daily excam against all curtament the
time that they profess to be in resumption This
contradiction easily explained bames the good
banks for curtangand that rspidy secretly against any
and every resumption of specie payments All such persons
their affairs examined accurately will specu-
laors, and covered with engagements prices
The policy which they advocate would lead and final
destruction to the whole banking system.
One OF the worst effects of the OF things
utter prostraton Of the exchanges Not
seapabeof managing its finances or its exchange opera
lions At this moment the Treasury and Post oGce De-
paments eHccuay divorced the banks and
yet this untried expedicRt realization as if il
organized by Of Congress Yesterday we saw
the following shnpaster, Post Office draft piece
of better currency" offered in Wall any discount
eoseoeo ooee
WARRANT, No. 1894. Posr OFFICE DEPARTMENT. o
To the Treasurer of the u. s..
Pay to a*@'s order, three hundred and ninety o
hvc dollars and nine, yfour Of moneys ia
he ssnsy, for the service Of the POST OFFICE
ssss o. AMOS KENDALL,
Postmaster General
Little Rock, Arkansas c. GARDENER
Auditor p. O. Department.