Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1838-04-03

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Meuday, April >, p II
- Anpe1snf element IL nexemens az The hanks
towards resumptoa OF specie paynsa win os nrch.h,
deveope itself this week In the south Atlantic st,tes NJ ~,
kndses Of correspondent Charleston o. c. or hvb a.,
ca sanding We learn that tedsy the Monday or Ap
set dowH for the Assembling Of the Commercial C.n.
ton ofthe South, In Augusta, Georgia. 1t will be recelec.
FRS. Southern Commercial Convention met in Aurus.
last oc'ebe It's ostensble purpose devise
for establishing direct trade between the southern por ana
Europe cutting eff New York the northern ports from
those advantages arising from proximity season poson ..d
M supremacy. VI late we learn, that practical
us VIII De given 70 this body by bringing up the subject o
resumption OF specie payments The delegate. from CHARLIE
ton VIII most probably give this direction that body for rs To
the direct trade TO Europe the maturing
any measures TO cramp the mercantile supremacy of New
YORK, the thing Is impossible and visionary.
In corroboration Of these find the following hiob
interesting article in the Macon Messenger March
MERcHANIs CONFERENCE.-The well known to all our
held in augusta on the first Monday next month [This
DAY The osjee. Of which conventon endeavor to effect
Sou'herh states and Hrsign countries
We take this opportunity Of TO the copside
ton Of ,a convention the subject Of resumption specie
y as properly coming within the sphere Of duties AT the
Convention in October last resolution passed advisory
TO the Banks OF the course they should pursue the resouon
then was proper enet WILDE equally month Tse
poses active capital The prosperity Of trade ns ef
therefore contingent upon the by them Az
are G e and every business knows
ARE TO y % hs p.y that
Money ana as money abundant or scarce the price,
Ss% r sns Of all ..
payments the 18th of May The Northern Banks general.
City ar do so sr
monns past has been one Of contraction, and their cir
hsayery momentous question to be asked-wAen should
sS be .ed for The Of will not
IN G uspeassd win the :. oo% snp but while
hsn m ass ~ crc scarce as money il
ga d South Carolina concsson that tier uosdp
y you'd I'D &c sss"aa"s e M s III
gaaassnc. e TIER present debtor, and s furnish
sold which is full oneourh; in mean time with the
certainty that they bad 10 resume at fixed reasonably dis
protect its bills with supply specie or northern ex-
Ths Banks adopted this
sume and absolutely necessary that our Banks for their
And we repeat, that there no source o ao
whence advice recouendat upon this subject cosd
Mosay n Ap 70 De held " Au
The coincidence between the views expressed by yeser-
day. and those OF the above article will strike every mind
the very same reason" commencement of the
ness seasonthe meath OF October the most an
proprate period for general resumption of northern and
southern Atlantic banka The the the
Augusta Convention will. from these views ACQUIRE oeep
importance We shall watch them narrowly
In the time monetary affairs i'm this CITY are
aPproxmatingto exciting crisis The United States Bank
playing important game The agency here has Just re-
ceved orders from the Bank directing that the
issued during the revuon last year New paper are
ne longer rsdeemxbe here UP this PERIOD Mr. Robinson
has redeemed them here and committed in honor 10
the holders in New York continue the practice The guam
fty now maturing Tor redemption is considerable probably
equal 10 81 csc The refusal redeem will force
upon the holders the difference of exchange between New
York and which 81 per discount
This absorbs Of course, al the PROFITS the
Of these notes expected 10 make by the ao and thus
In verify, Mr. Bidde shaves the shavers Capital we he H.
Foreign exchange closed day low ss4 per cent-he
bulk of transactions were, however and The private
financial intelligence from England Is highly important
considerable amoano specie by the last packets The
Rethschilds agent is receiving by every arrival.
In inland exchange, the southern South and
North olina, Virginia and Mary getting better
Thsmsy partly arise from the already expr. ssed in re-
aiion to the Augusta Convention.
In Wall street. tbs prolongaiion Suspension Law is
creating great tak currently reported that with
cut renewal all the suspended houses who received exten
ons lat year. will break up finally forever Fears are
beginning TO be entertained that edition of the revu
sion OF last spring viii place before May tho ep
laure ac with literally. will however, principally affect
the Dry netbs groce shipping merchants and cash
dealers OF harms way.
n. saIes at the stock Exchange.
.Hs.a3 sl MONDAY, April 2-l.M.
80 Phenix 95 40 Narlsem a. an
rs Del 4 Hud so3 a 60 & Boxt Worr o3
rsrrsrs - ~ Stoning,oa 2sas
50 Mama, Is.oo "as 1se n.sng i Isaac. an .o -