Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1838-04-19

remarkable seincidence Of two indepe.ds., 49,
ing TO the sane concluson the like facts we ~ e
lowing Interesting passage from the latest "Londs
sanherS Cirsslsr," dated at London l6h ut-
We wish state some facts plainly and empba,;c.u
taken as lie basis Of eoSdesss S bs might t be
merchants and manufacturers regulating their affairs for
seine time TO come. $50 w
The rss that for about nine moahs past up 10 the
period Gold been constantly flowing Bank Of Eng
land in greater quasty than flowing cut that The
been gradually present date, or
sor lew Gays o ssou, The turning point Gold w
NY than i will be brought in and anxiousy 10 see
with promptude than the OF the same has
peer because we know that the penis Of in
application the surplus baos now Centred u ibe
gnsy The comercia classes, both s
transactions IN the precious metals similar would
the collection therefore this respect there IS e dsuSa
o. our s amd being realized We have OBJ
drain Of a SgsG from the s.al This esE appears US to
ton the case The Bank Directors no such sppre
their co ao all the % o s bs in
try are Suyd has with u e quantities gold
ton Of three millions sterling from England transn,,ed
s f morton %ae
not merely TO the Bank but 10 the whole trading conmuny
cite activity districts and there . so es
apprehend that would dangerous spirit Of
gerous national pont Of view asthreaenng
OF commercial CONFUSION Panlc succeed
the whou, being productive ef any aationa
calamiy the suit under existing would no
on BanSo ana he Conditions q" s pa
edit would not y that alone be materially affected There
together surpuo the precious metals Eneland and the
reney must for their just d tne Snr
tbraug, out the commercial world o"
the Of I'd f Bsnf az to
h anu M ann The as well as The preba
point attention 70 the second because mainly
Banks andhe which they hold Bound bv
to resume specie as possible The Of
quency the conduct Of of Directors and Managers
@ eou"y s have "a.
banks general We believe there good and nty
ground fordenouncing the charac the United
States in body Than there would b. his country con-
condac and progacy Of some whose affairs have been
om h e OF s s By
y remain in it. The banks OF the United States are gener
anxious specie as spe e9
y as may be practicable And i,he Governmsn viii not To-
sve ard universal credit the banks alternative
suming payments setting the wheels of business i
motion here o~re In the posture affairs il Is
plain assertion of fac! when that =, in the
sea board states Of the Republic has been sond
ton OF barter owing the determination banks n Al.
ford accommodation to their customers cenact their
operations on ,be basis metallic currency 'o'
All business in the United States being state of prostr,-
the he s sn relief s
part are earnestly Ssn on Offering it. To do This in the alb
ard emnence The banks Of France in heir res
he benz Il OF the banking institutions Of be 70.
public Thenhow much these precious commodes would
oSe ssI Of tie United nss sn .se ss .n
sns ss sS g. n s ,s !. g, ' ." that MI
should have down The requisite some hal more
be relied and therefore We se os um
millions he adopted the maximum their require
and experience and firmly STATED In position in
therefore we Confidently anticipate thai il soon " and
moved The principal means Of accomplishing desirable
markets which, notwithstanding the maes influence Of hos a
Tile pres Is proceeding gradually and satisfactorily; and
Uated States in the markets 81 Great Britain The later :
cson one The same OF rse and
former We must rely as TO this principally upon The forth
less treasures Of precious metals unwingly hoarded M in
The supplies of cannot fail to he large The vain. :,
the quantity brought to Liverpool within the brief period of
upon to An ship owners exc. ed nIio, payable
sterling The freight Se is believe on an sv.fs~e
aad accordrg TO custom NAV be calculated thai ne srIy he
whsl Of tbs portion OF American demand England viii
their bankers in the prscous metals II is rnda
ersg will be shipped 10 the United 5sm %on,
Lserpool within the ensuing con-
these supplies by those acquainted with b
l se . ~ ,1 Dc able
paying gold silver The domesc i.i
more nearly rectifed and will be Gin 10 Az
through its omsry channels with ohsrucon IT,.
Is no chance Of a,ianng satisfactory state OF until
importation OF gold and silver or by the State
gagng the suspension OF specie payments TOR y. -
Rod OF short dura-n Upon this yery innn, ~,
question they now celebrating and the svmpa,sw
which their members take the prosperity the
and industrious classes generally, may raousIlv
ed that insuences viii abss and that they will cene 10
equitable decision on the subject.
We have always considered the Bank questiop IN
pivot hch the OF the United States weuld nrr
and ang that should remain and nTerar
Gus cond on citation OF sudden business an
pesred utlaccus and deusive This wsstbe main scnre
from which last conclusions ro ne sr,n
the rise In the prices Materials seemed Ia ms sbsnr5
In permanent considerable suc s,as -
foreign the late cor, ulsie baa
thrown no and the more the NJ q
There i not IN that country any British goods
he will former nj an.
sruced business the stocks deficient than sbpn
dsut; such the pressure of the necessity o. the inf VI
bic eierm nation OF he people To as ar ncur
fresh debt that the Bsk ed sinr lie
sod loss 10 ihe importers This give as general de-
scripfon OF the traffic without eaninr assert t.t
goods have yielded profit generally speaking all impor
atoms ef British goods have owed tssvsssgeous 10 the
importer. ~
Tlese fWcs viz the bullion in England The state AZ
the Amerc Banks the state Of the American con-
nexn WITH England AMI the upon British mports
into the United States essential elements the
ration 81 oil merchants ard manufacturers duly reflect upos
proceeding esuaie thew sSsrs There ne,hnY .r-
people; he energies 81 enerprsc and industry rsnss and
H. res plenty fcommerriai poverty which over
In The agents credit ssirs her
camille iascmensn both courtres 10 justify the