Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1838-02-20
N q N &c Y M A n X E II.
Monday. Feb. l0.--6,

whstever NAV be the current Of events exchanges
there great deal Of aucassn IN the inland Exchange on
Mobile up per cent and New Orleans to per cest
today-on ether south western Poiats In proportion THIS
is produced most probably by the fear of further
fluctuations in the price OF cotton AT the latest
dates from Liverpool Havre Mobile and New orleans cotton
have given by sort OF gener sympathetic
movement The only that sight probably arrest the
downward tendency Of cotton the increase OF orders on ks
English proceeding from this country BY giving en-
the manufacturers similar result IS pfodnr
ced in the material OF which the great buk OIL e Ia
brics composed.
Another given for The Aucuaon ofinand exchange
purchases for the spring ade,
coming south New York. coupled also with ibe
confused condition Of affairs in the sooth west The
spring business beginning Orders are coming Tor
ward-no In quantity but to an extent tally equal to ex-
from the south. More credits and longer time given
by the dealers in Baltimore and Philadelphia but low prices
and select articles are much Plentier here.
The stock market today exhibits great inactivity and con-
derabe depression United States Bank shares sold at
u.s. This fall probably by the law proposed in Con-
gress make the Issue Of old uncancelled crm
nal oeneen order prohibit them entirely The passage of
such law by Congress would of about OF The
available uAds used by the United Bank, its
cotton and exchange operations Al the last nearly
$4,000 Geo of these funds country they
had SIC 600 in abey still uncanceed Whether
Congress will sanction such law doubtful is con-
ceved in spirit of hostility to the United States Bank,
would place institution in the power Of the Treasury
The position banks and currency still the topic
of bitter controversy All leading banks have in great
measure resumed specie but unplon Of specie
payments identical with expansion of dis
To make the former available the other ought
low passu Such the ular costvenes of banks
that several of merchants have, learn mnde their
posts the United Bank They so because they
get discounts from that quarter Quantities also
nercia beginning 10 find its way Philadelphia for
discount Indeed such is the situation things great eff
forts will be made procure from the Legislature the ncor-
poraon of Stale Bank with large capital least the
repeal OF the Restraining Law allow creation Of
private associations for banking purposes Strong hopes are
expressed that the Legislature will create State Bank yet
there good deaf of opposition this project among the for
egn exchange business and other similar Interests
THERE'S visionary project aoat In Albany reference
Real Estate Bank, and the introduction of principle
into currency Mr. M Stwell is proposing to convert
real estate into species OF money Why nor
try give the character large stock of the old
breeohes Of ocefocos The latter valuable Of
former and would pay the debts of locofocos as
those OF spectators. Nothing but specie the
| basis Of currency among commercial people.
In the midst of all Ais confusion turmoil debate agitation
there large portion of business going quietly
| ahead, and making their fortunes.
The Fire Companies have suffered considerably of late
The follow ing is list of risks taken the Bowery
Tbear