Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1838-01-29

sunday, Jan. SS-0, TN.
The war between the different elements Of which our none
tary system composed, and warmer. The
Journal of Commerce the organ of the Wall clique and
aud Enquirer the organ Of the Chestnut street
clique the lists with great fury The controversy
~ mingled up with pary personal and political verbage
that The real merits Of the great financial question: which
aeates the country, are measuraby lost sight Of
Now what is this question!
II is not exactly resumpon the question Of National
Bank Mr. Bdde pecy act upon the great Interests OF
country, till they unite in favor OF such an asuuton ana
,u succeed the end We do not believe that any general
resumption Of specie payments will take place for long time
begins probable that anew and pro.
crisis commercial Affairs coming on Our accounts
England money and markets. are favorable
but the financial policy OF the elements oil commerce IN
England precisely identical with the like elements this
country. During the past the Bank OF Engan' the
Jons,ock private with al the banks
country have been contracting and curtang The sab
treasury scheme and the policy OF Mr. Bdde act unedy 10
repress the currency ard 10 proong present system
Theidenty Of the pole pursued by the Bsnksn England
the United beside in the following tables
1885, 1885, Sept Essss;ss, s..:ss Il
Dminuuoun one year. $40 74s 5oo-or fs9ls,8ss
This the aggregate curtalmen in England aone
for year-incndng Scotland and Ireland. probably
In this period however the specie has
increased the United States, actual paper
ney diminished well the specie. This VIII appear in
UNITED STATES.
Eo:
Circulation, IsIss1ss s7s3ss s:ssssl
By this statement will appear that curaimens dis
and circua,ion in six monhs, than double
those of England which may add the dmnuon spe
cle is singular fact, also, thst nearly the which
the bullion of Bank OF England has been increased al
most the which specie basis has diminished.
The condition of currency is therefore healthy
that of England far trade is cramped AID
commerce paralysed In this state of things, ask
| wha, is Biddls TO do! what our banks TO do!
We have still disastrous accounts from Bostan The Kby
American banks both suspended by the "Suok al
snce and placed in the category with tho Fulton and
other extended According the latest Statements
| Kilby and American banks stood as foows;-
k IN: ,.,; ' ssss sis ss:s s s;
onhs subject find the following statement in the Boston
| Courier Of Stature ay:-
ANOTHER BANK IN TRouLE-CsHsiderable excitement was
created yesterday by the refusal Of the Associated Banks
city. Asnear learn the American Bank, Thurs
70 c mp OF &
which found their into the other banks and
ated some trouble. meeting Of The banks commit tee
he'd last evening" the result OF which the time OF writing
this parag' aph we have not heard ear, =,
withdrawn from the association but offers receive the bills
in Bosior money and pay per premium for them on
presentation lis counter We have heard that
special meeting this morning. for the purpose of passing
these reports are correct the two banks last referred
their soundness and independence and
to resumption Of specie nent than have yet
| heardof inthe country.
| The following is freIa the Boston Centinel:
THE BASEsIn consequence Of the troubled OF the
times there made Yesterday the American Bark
Of this CITY, the effect Of which render
suspend Of its bills for he present and
it, From the character OF III. Bank.
and its Directors we have no doubt tina, will BE- able finally
redeem all us bills and tsai the holders will ultimately lose
nothing There also conversation in regard
ether Banks but their bills taken
day, usual at the counters of the Associated Ranss
This Association will probably break up go
Of the Capuets How singular! The Boston and
York hanks all quarreing among themselvesse fhade
| phia all united Thus 60
We received the Bank for Kentucky of Nov
| So They follows
C,rcu,,fkSEsr ueKr BAsxs-N'uemser, 1897
SSreIiauon' sie4il,Hn
Derosits, ssi'Ws
This shows that the Kentucky banks are in sound onJ,
tonssing AZ good as those Of New York AMI
fur stronger than those of Boston or Baltimore
have the December OF the Illinois State
! and Branches, as follows
lLLIson STATE BANK AND BRAxcnEs-Dsc 1887
Bils ~ E,ch,,rs s2ess,l26
; Circulation, ,s s.sSe
Deposits Issss4
This institution sin good prepcrtior or ,n.
Gle 70 immediate Liabilities being nearly to ST. We
that most extensive forgery has beeu -ed within r.
days on this bank of which will be found In ano
part Of our paper Notes equal s2Oo Of these for
| geries aHoa.
From Albany learn that the ars, section of the Auction
Bill has passed the Assembly is probable the whole hin
win pass. This Is an important move.
great state bank still before legislature OF Tenne.,e.
but not yet passed. The law to allow United STATE, B,nL
sgepcy in Ohio before senate Of that state II
already passed the House.