Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1838-04-07

Rraday, April 49,
Tomorrow cssssrdsy, bong sO~s's~ an ssy. -
Enxsnd began 10 - offered ss< ssqorsd snss. ~ !.
- 49,. - 100 ..xs.s va ssss1ersb< ss<rss o.
rtersg exehsus~ drawn ~ The Chaeas sasA " go ~
e... ON COTTON shipw~su 70 Kxr~ps Th~y vsrc oner~s
lo<l but few buyers-pnvste bills @sy ~ es'<-
sSusisess m 10 the Close had been dsn~.
rrh ,,~ r.,x 81 exch~nge esusisg pros mn IN
- ..,. ,.,. mis- mart ths time hs estmses hsa our
civ s..kx Ia We nearly $50 600 on hand last
SaT403 s7-andits calculated ss.a pe'oss 80 -
r,cs have been ressny made Cor frss Imports Of specie
v.sterdsy nearly ssoo.oco arrived here. TIE po*'noa
a. shs msrksthe of The exchsnees-ana the great
tsnur have reduced specie this day n cent premium 90
New york bank paper Oar paper anu specie s
now nearly equaIiIed-
Its true need be denied that large portion Of car
buness men still surrounded with distress tbs y the
alas, that sold many goods souh southwest
years 1885 and 1885, Daring the preeat BALTIMORE and
Phadepbia taksa OF all class o WINGED
TONERS. and IL the fact 40 lay the usdsaon Of Trouble
IN those cities, then "there's eock hghng ="
In city during the month the psymen % me
House will be seay s7soaoe of which $3.50 600
under the law and sicecoo protested old rrse~s
Great distress will arise from thess things
there large and sesissss clustering
round the specie paying banks and the capital rscrny IN
ported from Europe, undenasle u ous bnk resu@r ~
May they do, and those Of Philadelphia sHd ohe g
contns- their pres~st doubt can ~x oa 81
che foreign trade tina, have ssen directed 70 ~se p
will New York During the last suspens"n :" sp~ce
OF her banks nvsaie What the esas~qae'eef WIS.
New York every other city ag,stea BY series 81
COMMISSIONS which destroyed their trade and impaired ihef
credit BostoH by adherence TO hssscisi priacps mosop
ised the part the foreign trade sf the ssoa Pha
dephia and jos the resumpos, they
must prepare series nuciuaons Ard revaon sueh
the and trade OF the south and west dusg
the years 1876 H. 49, IS Already the seeds sows The
inland these points daily getting wosSesnd
the foreign trade and eonvergng New yora
talk OF the power OF the Unes States sssk The
power sesaness OF convertible arise net from
form ia which is organzed-t The principle o. action
that regulates and the form shape Our banks by act
ing the sound principle of convertible On de-
mand win acquire credit power and influence In cn
affairs than the United States Bank under The princ
pie of refusing pay In specie By pursuing the right prine
pies in year. attract at least In foreign
capital which viii give vantage ground" thai none can
take 1912 1917 Bsstsn governed the hnan
ciaI action nation and gained character rrershabls
in commercial annals
science than suppose that the resumption Of specie pay
New York, and the aonresumpoa by Philadelphia
will aggraRdze the latter the expense OF the former The
history Of county and Of all other
tries, proves contrary. What insuderabie block
Wall editors be put forth such sb
surdity!
cur accounts from Albany that the the Gsver
nor satisfied United States Bank viii
along with the New York banks he wsend the
legislature revving the project Of State Loan OF S. 90
he did 1884 the Philadelphia bank
will int Convention is highly probable the
sage will be forthcoming week In Albasy various che
projects talked of-but this is the probable.
From Boston learn that fire banks have voted nex
don't resume, uRless accompanied with the Phsds phil
banks The following the latest cit,
banksi-
BesToS ASSOCIATED BAsKs-Marek ST.
Specie, Sl,2c4 00o-ncrease in one week. $500
Gross circulation 2,036 00e-decrease, 22eO
Deposes, 3.3A e0o-decrease, z500o
Loans, p Acknowledgement, 322 oO
The tucton Of loan Feb3d 81 500
leled Of which though
much far produced
cies The Suffolk Atlantic Traders aher Deal
ers and Eagle banks have voted That II
the Boston banks TO resume unless the New York Phade
phia basks resume the time"
Thus we 60 The Bank Convention, which Tues
day. will be important In lis results than ing
Congress Ought they not to hold open session,
better feeling has been manifest the Board today
ut the second call Sto cks generally advanced, particularly
Phenx, sales Of which made This is Inscribed
resignation Mr. Delacld thought by some ts
il may the Bank Charter Asgh depression
In U. Bank but the sales large, and closed
the opening We remark also that Specie
elned, while Treasury Notes have advanced.
sales at the Stock Exchange.
Friday April 6-IF M.