Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1838-01-24
MO EY NJ A K X Il II.
Tuesday, Jan. Z

% n L II " n n N 4
Tuesday, Jan. 23-6, Pm.
be in money continues intense
ever Today of stock transactions at the Board
was mere bagaele and the prices rather faiag Specie
md Treasury notes advancing The rate Of exchange
is falling rises in Of the domestic de-
mand tits now Quoted at 104-Trsasury notes, le3a.
In foreign exchange the demand is exceedingly limited,
and the amout Of business unusually small Sterling
change ranges 1904 leFrancs, 522 SIS and heavy
On Hamburg small sold 3sc-and Anser-
dam guder These the rates but the aggre
gate transactions quite nconsiderable.
The of foreign goods at the customs very limited
compared with period last Indeed the princi
pa cut l Of iae goods from France, imported
in small soGs To Ills cause may be also attributed
in some the rise in Treasury notes.
Such the spirit of the transactions Of the day
but the depre son generally trade greater this
than il ever before known in New York. The banks
will not loan a dollar that they help-nor will the
palists inch till they see the ultimate action of the
government There large of deposes locked up
that ep position BY the joint action of the uspen-
sion mortgage usury laws. There is settled spr,
hostility the banks various quarters Not long ago.
bills to Of $780, suits Brought against the
New York bank and the expenses actually amounted
Ssos and their agents engaged in hes.
and the money already drawn from the banks in
such suits !. considerable This compels them pay
none Of their bills Indeed, whole currency is
passed OF SAT- ty Fund with sprinkng OF eastern
The Bank Philadelphia has resulted in ne,hng
"a vet positively however, that the sentiments OF
DIR Biddle resumption al this time, or tie
naming OF believing that the resumption the banks in
New York Philadelphia could effect nothing, without
general concurrence among the institutions throughout the
country In south, and South West ths basks the
government SoooooCo 70 this day This debt hangs
ea weight upon them, and will continue t. do until
crops nm brought market Mr. Bhlde very full and
frank in the opinion that general and
neut resumption specie payments take place
this ceuary till Congress acts the currency by the creation
OF a national bank
I, strict techpcaity the principal banks OF this city have
resumed specie ID 10 they their
.necieeu, VIVA, that resumption specie payment
cessation Of all busnes such resumption
- can he beneficial 1t must be resumption united with
loans and creation OF coahdsnce when the Bank
Of England resumed specie payments required the
ton OF several The resumpon preceded indeed
Nv general curtanen but time before the day had
arrived by law for the payment OF their notes in gold
the paper specie When the bank reached that
poin bee extend its discounts and 10 issue fresh cir
cula,ieu This accompanied by the public
eaent Of a resumption when that took place, public
confidence been maturcd and generated that de-
sands we're made spsce-and the bank actually
lending aud encouraging raae.
nj. Ne BhIdes belief and opinion that such process
must he adopted the specie payments at tie pre-
sente The general government the State governments,
the banks the commercial and all other interests
concur In the and thus generate calm in
the money that win give aad receive confidence In all
monetary transactions The question OF resumption In this
view Is one OF mixed characterinvovng moral and fnan-
saI elements len 10 work their ewn natural results beyond
the reach Of the destructive elements Of political agitation
Mr. Bdde have every reason to believe will give these
views 10 bank mission from this city, aad enforce them
nv statistics and das calculated produce something
equivalent "a conviction
Eastern bank bills again current, except the Common
wealth and the Mddeser Patersoa bank gone forever In
spte OF the inpudence OF its The following
statement of the bank OF Cleveland, OF Ohio -
Rank 90 cLEv.LASp, Jan 1-iss.
discounted bills and notes, SaMeT9
Deposites in New York banks, siSs4
~. 4, circulation S4asss
DepositeS e'S0
h. presents toerable fair specimen OF the Ohio bssks
, proporton Of circulation ard depeses specie offs to
i-pr,uy fair
CssIcs at the stock Exchange.
TUESDAY, Jan 23-l2 NJ
an 9 Rark ifs 81 Boston and wors %
$40 D.l and Hind 75i Is J and L RR 1
10 ohio Life and r Sass IL Utica lis
25 Equitable ins W VOW AZ Noes io'i
% North American "
Specie.
An.r;c,, Gold 5aa4s Half Dollars d 4
Do Patriot i6.c6 i6is 1000 Mexican Dollars II