Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1838-10-10
NJ u n Il 4 NJ A R,K f II.
Tuesday, Oct. 9--6 y. M.

The avowed s'ention Of as Bank of Alabama
to embark 10 cotton Tpecusaons has been source Of re-
greet to almost all mercantile in the
uade ana has met with their approbaon and
moreover eanfrom private that several eminent
lawyers Of Noble who har given the subject their atten.
,on have exrresC opinion ra,ion by
tered institution decidedly gal The prompe aan ar
h opsAon has gvsna more favorable aspect to The affairs in
mat anarter In fact This nature by state in
stuoa is felt 10 he nacaie for and NOT
warrs Aed by the which the ~ H.
Sa'es came INTO ihecottsR market, al the perod AZ
go, speHsI'" al uis particular juHcture Mr. BiddI.
wi h.mseh the grcai centre and lever OF Tho
ress OF the countryside hnaaea and N ercap,s ag;rs
oa'oa were III novel posGeRand alhour the o,s-.,
seh was Conceded to be violation of strict ba sli, min
ePes' yet uncsr TIE emergency which called il into ,c,o,
was sougnto DC wise from the prfa ex,e,, az ~
execution aad fulment have been
entrusted TO persons who find YES in sev and L
w uh''ea Peshi@n and time yet wanting before The resu,
e 'o'n"eA'e" upon wsh any degree OF accuracy TIKI,
cooa exported and controlled by Uned Stale, R,nL
ne basis OF an immense circle Of operations een,;
ever South Americ1 India, apsst The whole r,o,d -
OF "neh hr Jauoon In Loadop is he re and u,oo whom
o o" al quarters are srawh ana paid by him London
fnese ase and multiplied operations passing before the
eyes OF ne London capitalist reader chary OF
os IN tcusnes the character of which may involved in
ne solvency Of an n,tAuon whoe main operation
papgsa cloud OF uncertainty Another which
operated Ia London TO check the Budding in Ams
rcaa securities has bees the dspes create new
banks only in United States and In Canada I'm, L.
Brti'h inaia, Belgua Holland Of ,ae mercantile
states oe ssrope The banking institutions
sSae powers which designed TO circulate their -.
paper place Of gold and the vain. oand
prices o. comm dtt &c 6c viewed ne srly in M,
light by the prudent capitals. would he the copcuct
ship MASTER who beng in situation liable to SQUALLS ,s
also saorthanded ssoad so0rowd light s,s upon hs sbn
thai destruction mrs .nsue in ona h.,or
his Inefficient crew could be prepartd 70 r,set IL Ts IA.
been one OF the causes which have led iadirect, 10 a..
PR sent high rate 81 foreign sIchaag-.
U domestic exchange today mater al eb..x.
In rates On MOBILE sales 81 TO per cent =.
Georgia. buyers hesitate "A The Banks OF sayao
nah resumed specie payments the st the me sur
Sas attended with signal success The Georgias.
40 far from runs being made the bssks deposte, 81
Gle made"
The New FORK Gas Light Company have s~cl.red sem;
annual dividend Of hre per pay on and the t
of November.
The business at the Stock Exchange has again bee. Win
out remarkable movements the taaercy OF prices .x
generally 10 improve, with the exception Delaware Mud
Of which stock the sales larger IN.
sales Of other stocks this disposition sell caused decline
Off per cent under the close OF yesterday Some sales OF the
New Nsrth American Trust Co at an advance a.
per Gent on The previous Of tbs stock yckshurg
proves per cent Harlem Raj Road per cent; Mohawk
per cent Illinois, per