Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1838-01-09
M o N r Y NJ Az x = +.

MON r NJ Ian x y II.
Monday, Jan. Sc r. M.
I.acvv md l., c,iou are the prevailing features The
nbarraed houses End acuty realizing ssses-and inc
new are only preparing for the spring business
conaue 10 be fat and low-and in exchanges little is doing
The rates for England closed at last weeks prices.
The decisive steps the Executive the border wars nave
siyen great satisfaction the commercial interest," y" u
score gloom hung the public mind for severa 3,
bow lis all over
The great poiut OF interest now Legislature at Albany
What they do Will small note curreacy DC
will the restraining law be repealed! These are faahg m
oures m ,de among noniea circles More interest ana
anxiety generating these points haH on me
Congress The party in possession OF the general govern
men refused the currency and throw Daak on ec
legislature dny and responsibilities OF providing remedies
far ur evils TO this may be attributed
the great importance attached to the e- ave movements
Albany Even the little influence that the Legislation Oh W.
grcss and the Of the Treasury might be SUPPOSE
possess on the currency has been parayzea and
by the conduct Of the government, and their
their es TAe authority Treasury notes mas ~
peddied PEI cent interest. No reiie' mas -, 49,
nuaicaed the mercantile interest, and, acco'us1'
the Treasury notes bear 2per interest," selling al u per
cent discount, while bank notes. besr'ns nv 's'' -
a.d u nercsnt The ONLY ave action capabe OF "os
in the restorat.n confidence, snow expected " ~ W
Abany-and from ,ha quarter, we must say 'a '"e psp
i not tho mast cheering. this time, the Eastern banks
have aaoa, here from $780, 600 TO 100000 sma o ny
brokers and agents. these institutions sell them al "a
per cen-and buy them at per cent sometimes IN Ae COM
mass Of week. thus making at the rate OF nearly ~ pr cent
per annun by the fluctuations and vibrations caused by e
operations
great pon the re peal OF the Restraining Law
Remove this or permit capital centre for itself IN
New York. this city would be the moned mari OF the
world AT this moment Mr. dde is endeavoring to attract
TO Philadelphia all the unemployed capital OF England We
learn that Cowe the agent of the Bank OF England has
an Bank Philadelphia ans that ne
is views and the state OF
affairs this country be submitted to tho Bank
of England at early day possible There nothing
moro striking presented by the situation OF
the monetary affairs in this country and IN England
According 10 the latest find the following TO be
the condition OF The
BANKS IN ENGLAND. D., s0,c;.
Mass ,s'7 "A Bk Of England ELS 81 flo $4,000 s7sa
Sept 80 J Rix'; sto ssn ss s.4osss s a'"" %
E8Aa6O4s sie,242,Gs E7,4S2Ooo
In England the stock banks keep specie
upon redeem their paper they do SO, but in
Rank Of England The whole specie basis OF the great
redi, system of in LondoR The sf
ciercy of this sku system is best SEEM by comparing the
condition o the banks United States with the currency
in England BY changing the of the English bank
into ours placing the relative items in ux-
Imposition We have the following Interesting table
COMPARATIVE CONDITION OF BANKS IN ENGLAND AND THE
UNITED STATES
Jpv 1887 Banks the United States S7 7645i ssoo2 oo4
My - hanks in Engand LESSONS S6,lGo00o
III, remarkable statement carefully made UP from the
Off .al eturps oil som counues WIN nc sec dt the
currency the United States actually IN better condition
than thai OF Of the Of
.ora,ioa in this ,unryo scattered eisunited
we are entirely left the power of avang ourselves oil
The elements around BANKS all suspended while
the English in the full tide OF prosperity ard he
sief one the Bank England actually contemplate the es
tablissment OF an agency in this city.
should not produce effect the ebtuse in
teects of our saace baakers, and egsaors With less
spece 10 the paper circulation than we have England
thatO
spectacle! -, o. g.
.he is 100000 arrived at New Orleans from Mexico AMI
uayaua-of IL $4,000 for one house.
Sales ut the stock Exchange.
MONDAY, Jan. S-l2 NJ.
- NJ, . u,d ISL a "A $50 Harlem, 5si
- -. ~ 49,. % Boston aud Prov. Loo