Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1838-04-14
M q N r Y nj A R X Il II.
Friday, April 1876, p. M,

The various movements affecting the current Of none
iay Interests, rapidly coming crisis From Albany,
ana the City Hall here highly important intelligence
Al y O'Clock today the Committee ne from each
Resolution, Pledging the banks represented in Con-
Son 70 agree on the fra Wednesday of October
general resumption Of specie payments providsd they could get
assurances from Washington Of and As asonisx
me u"pernment The resolution read, the Conven-
Won en aoJourned and today they debate and dis
| pose of il finally
The opinions formed Of its fate very contradictory
some oeheve tsa' the month January viii be substituted
some that Api next whand day will be deter
mined on The question hs day) at Il
o'clock Our own opinion is that portion the Convention
viii seced.-ths remainder agreeing name day. under
some such contingency look ways every way
the time.
The natural process Of resumption is easily ed The
New York banks and perhaps few 10 Boston and here
resume in May. Governor Marcy ont with n
Message which be considered of reply Mr. Bid
dies letter. proposing State Stocks Of OoOoes
more for the of the Erie and the construction of
other canals This stock be loaned the banks they
require it, bu it is believed that they will require it. Be
that as may, of partial resumption will aks place in
May-he other state banks following as fast they In
banks he considered having resumed for
months past Paper and specie nearly equaand the
change against London The question of resumption has
reference to the feeling of confidence
and the commun,y-it is entirely restricted settlement
of balances among the banks themselves
From these views and every reason to believe
II
OF the Boston and others Ooober January
next spring cannot he general and Simultaneous resnp-
ton; il will be resumption by patoons &c. Mr. Bdde
the United States Bank may alss about next
January-perhaps earlier
The revolution in commercial power and empire goes
en- NewYork from her position between regions
Of America and the Manufacturing districts Europe rap
idly becoming the Of the worlds specie and worlds
commerce. This morning by the Montreal from London
in specie received Other specie
also been reseivedan Of 10
to A. Belmont Esq Agent here RotAchlds During
the last two weeks probably specie have
ceved here.
The sudden ow OF specie Europe 10 America caused
by the cooa cropof the sorh and the economy
last in importing foreign good begins spread
through the commercial circles Of France England
Their crisis Is preparing uRess the nancers OF London
and NewNork their preserve the
equilibrium of trade and the just la specie among
the paper -rrrencies OF Europe and America.
In London the great Jaudon Ageno
tenon great jealousy is still excited that point 1t
appears tia good deal Of this exposition traced Mr.
James G. King, Of the house of Prae Co in this city, who
has quantity of Erie Rail Road and ether
first Of which be preparing bring and the he
brought into the market Jaudon, however manages his
matters with powerful and skilfai hand carrying every
thing before him. and succeeding in all his
The news from London Montreal appears have had
favorable effect s. Bank stosh-seles OF which were
made al advance OF q per yesterdays prices and
closed advance of per nearly
the same with the exception of Harlsem. which Improved IL
cent and Eagle Insurance Com which were
made al secHe of4 cent yesterdays prices the
whole, the stock market buoyent than for some few
daysback No change specie Treasury improved
tper cent