Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1838-10-16
N . N e M A II X Il II.
Monday, October l5..6 p. M

stock the which have been unusually large and
further decline of per has dtctcd Phenr bank
receded per cent, Delaware Hudson fell per cent;
Farmers Trust per cent; Ohio Life and Trust per cent;
Paterson cent; s;onngsn declined per cent, East Ri
yer Fire 1nsurs Co. improved per cent
Inc causes oiS sensation in the stock genera
~ attributed 10 the political results il New jersey Penn
syVania, but particularly the complexion The returns
irom Ohio The tide is running evidently in favor
Of Tie iocoocos The probability ,hat he democrats may
succeed Ia ohio and New York also spectators in
shares TO sell out
II the country support prs sent administration in their
hostility paper credit will produce very seriops ec,s
among tue values OF stocks Kinds Yet these cannot
o ou temporary me otter hostility OF government may
break down or impair paper real guided
by talent wherever exists maintain lis position against
aiaaus Nothing proves the secuiacy of this yew better
than the singular wh which SIR Bildle has sustained
himself since the party begas tbe
opposition TO his Institution ard his credit For eight wears
Mr. Bde has only sustained his credit asais The bitter
opposition Of the governmen-bGi the operations nocv ard
discretion OF Mr. Jaudoa the great bpwark or Arca
credit In Europe But for tie policy and prompude Of The
parties connected with Ir Bldie in Liyepo aadon and
ravre, the great staple, cotton, would 1887 Lave beep
k2crihoed AT $40 600 COO less taan il has ught u.s.
The tendency political in favor OF locofcco princ
pies does not therefore, affect the solid elements trade
Stocks will fall and Institutions OF eoubtfnl Character and
means, will ont like dying rush ghs but the field will be
left c for good banks aHd talented Bankers Tie results
Of ocofoco triumph in Ohio d New Yok undouot.
eddy impair the prospects the banks ay on The
systeEl IN Wall that very reason il world
facilitate tie operations of the Bank Of the Uni States j.
New York" begoten and borp b. George Griswoid ard
baptized and managed by Morris Robson Real capital
and talent vii make its through every species OF ecofo
coism.
Blu, while this il the tiny stable nstitu ions ha NAV IL.
well conducted those that do possess that quality VIII
likely 90 TO tie wall Fancy banks fancy stocks cas
Only exist in a boated atmosphere. In London we knov
frm personal Intercourse that many Of capitalists are IA
vorabe IN some respects, 10 The policy of Nj Van Buren,
They argue in this way lf tie American wings wLo are
peculiarly identified with extended paper credit SHOULD sue
coed in the United Safes the creation Of baak and the ex
enion OF their credits, will increase and enlarge Every
thing will be blown On the other hand il the ocotocos
succeed the effect Of their foolish END destructive policy
against the banking system VII only present wholesome
check Ia the of the paper The midst the
conflict real capital and 1len ami stable institutions viii
joy practical mo~opoly
Such result would prevent exea the early re-
extends system and thus put e next Revision
To al least later day. IL is with these and on the Sc
principles that the London Times" takes such sin pparv
contradictory course on American monetary affairs Ii CD.
poses M! Bidde while supports pocy that viii
wider and extended field great financial
talents
Bat OF eections-or the financial efec,s
sprngng from themaretr when -mpared with The re,
progress In the bank ere din sys,sms
comprshesdrg France, England United States The
present poston and ulure the banking system n
each OF these countries md lis IfGncs COM
extraordinary novel they have bee,
former period In about eight ten years hence
less, of the magnificent will take
place in commercial affairs thar the world saw T.. win
ough France, England and the United States lust as
surely that the will Ii,e Such eonyussns
ner bile The present systems Of Tho
world Bat the natural Of countries to
the full point expansion burst upon world
in the shape of coHyusoa or general The mer
chants and bankers OF the will make paeey for
II they retire in time, they will lheai-ifthey
do not, they will 70 pieces IN the storm.
These fsncied visions-no pretended carouasea
snri". '-"-- -. The ~,n
banking stems Of Frasce, England The Uuiiea Saie
naturally tnunder fellows the Hash We can give facts
and data Ter these opinions Daring Europe We
collected every and document the subject that We
could find in LondoH Paris, hsvre, Liverpool
Glasgow, and Edinburga The science is now In
dsolubly connected with ade politics shall illus
irate these opinions hereafter.
Whatever therefore may be the ults OF elections here
The fall OF stocks thereby the real elements OF rrospe
rain, sunshine, and harvest fail We have
spleadid prospect before us.
State Of Trade.
The weather has today sheck ont door trans
actions L. great degree remaI L.
Lii approaching the close The
the arrivals OF the
essarse. But ih the shipping trade Of
Is exceedingly active Our hsrssr is full Of ships