Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1838-02-16

Thursdny Feb l5--6 p NJ

H.
This being packet the market opened h extensive
offering Of bills London "a per which sellers
made endeavors obtain. The Tor desirable lis
early fixed, however, per and sundry ills
afterwards eeie eel 81 81 per which sales
made On France fSs5 the rate
but bills drawn by Southern Banks principally Mssssp
institutions. offered 537i $40 On Hamburg sales were
made at IS pc Bco Ma. and Amsterdam SO SCI per
guider may be quoted the fair price.
The business done generally fair extent considering
the extreme pressure for money. the curaiment of
and the limited operations In the foreign trade There is
this moment vast quantity Of American property either In
England, its way there principally In and other
southern staples which exchange has yet draws
against The probability exists that this will be
kept 10 allegiance for months This
properly, for which exchange may be crswn is principally
under the control the United States Bank and European
agents IN Liverpool Humphres Bdde their great cot
ton agents. and in London Mr. Jaudon the Of all
cotton and operations The bank has large
Of engagements this spring and summer in Eng
andye believed that controls cotton hipmsno Europe,
full &2eeo 600 beyond its liabilities in that eounry and
~ probable, Mr.. Bdde intends make large importation
ofspecie in the course OF q few nenths
The fall OF the United States Bank shares would
nish good opportunity Bank make remaaces
that article In order increase is power the specie
ket
1isvery evident from al the and existing
ofhe United States Bank Mr. Bdde preparing
splendid det which may burst upon the country
Of resumption OF specie asd,hc restoration ccon
hdsnce from all and every other institution around him The
vast operaonsin based the equally
eanossd notes bankos the post and bonds
sued in this country and Europe have all aided The opera
tons Of Mr. Bdde in controlling, only the money also
the cotton ssd exchange markets. both Europe America
In few weeks months from the GER
tain stage Of development Mr. Eidlle control al least
eco Of specie in Its transit from Europe Americas
What will Ne do wthhf II TO besupposed he win let 20
much treasure cunher his vaults Neither blind TO
the fact that the public in better dispostos TO
place confidence In sound banking than they a.
this momest when around the miserable eastern
passing look Philadelphia mark me
quantity Of shspsstes nthe ordinary channels uson
there he doubt highest confidence would be gives
the OF all rood banks would they paying
specie and expanding their issues and the
Eros these uovemest, therefore, OF Mr. Biddle IL
ssd exchanges and from the general Of the country
come almost to the coscuon, sometimes that he intends TO
retn 10 specie his hook and 10 carry with
him 10 the mevemesi aggregate Of the banl ing nstitu
ons m spite Of the action OF Congress OF Legislative
body II this ne may show The utter inisecity
both ofour Wall street 6ssncers and those OF Washington
We have from New Orleans 10 the sh inst Great
scarcity NJ money exists there, nor Is believed that any allie
vssn take place m the decide what they are
70 de with the banks In Aisbsms ssd mississippi the banks
have authority refuse specie for three They
therefore, quietly acting under that sv, and DO not pretend
10 make preparation for resumption On the contrary Ia
New Orleans there strong sentiment IN the legislature
favorable tn the policy cf csmpeng their bsss 10
sPeek payments ssnul their charters Meantime specie
arriving Al hat city large ~ssssa On the h were