Morning herald., 1839-08-27
22,634,972

Total, 22,634972 S,S5l,3S0 n ,2Sl 625
The amount Of specie the banks of Ohio Kentucky In
diana and Illinois, oa6 the centre Of business for that
Cincinnati and the Northern Bank of Kentucky in
whch banks the of specie hand s5s5o
fourth Of the those four The specie in
culaton in the hands Of individuals is estimated at about
$4,000 00O making the whole amount in the United States
about $65 than sufficient for the settlement
Of all the balances which would in year Of egu
lar bssness In Eng land, far less amount Of specie
quse for the liquidation Of balances than would be the
hsre first the country banks trouble themselves very
little with specie Bank Of England notes being legal tender
all balances settled with them secondly because the dis
from point TO point much less England and therefore
the activity Of capital greater In France the quantity Of
specie very large and the balances settled BY transfer
checks.
Ensand the greater proportion Of the pece centered
the Bank Of England and general rule her securities
TO Of specie hand By the rule all the
specie in the Banks the United States collected the points
where il required and regular system Of prompt
settlement Of specie balances established the amount of specie
hand would form safe bas for circulation Of Sa00
o000O0 amount which, although larger than before
issued would be redundant in tranactng the immense
business which will grow out Of this years crops
The years business commencing with the crops
open. that the banks throughout
the Uno preparing expand the crops should
understanding with each other Publicity the
regulator In the absence Of United States Bank,
panon Of local banks prevented without the utmost
harony. open and prompt settlement Of bal
ance. Perfect harmony expansion requisite for the plain
that suppong the crcuaons Of New York and Penn
sylvania the specie standard they commence
expanding and the banks throw out double the
New York banks her currency redundant
will sell discount and her specie be at the mercy Of the
New York banks To preserve unity Of action is however,
necessary that the simple banking rule Of dscountns
eommodaton paper-be strictly adhered TO- All kite flying
overadpg upon speculation and will disturb the n,ura
trade the exchanges into disorder panic
and end in revu.isn.
To the business Of the year sayfor il 10 the
regular business has had since lss6wosd require
in Wall street whose minds should be capable
Of embracing the whole action Of M crops the trade Of
country They should carefully watch the operations Of the
banks expanding that they do not ints To
able them to correctly full and should be
frequently made public.
Under such arrangements the currency would expand and
contract precisely the crops dictated At those
when exchange New York In the greatest demand the
greatest prodsce would be going forward to furnish
the bas. Of bills. Both demand and supply would diminish
decreasing currency to the close Of the year.
and the greatest Of specie being centred New York.
balance due to Europe, 1t would depart regularly with
out betg missed or noticed. On the contrary, n baiascs
was this country ii would arrive and perform its fusc
ton settling whatever balances might be dne the interior
every description of paper not based trade Of the
ae.t evils against which the regular merchant and sound
banker have 10 contend In the immense business which
be during the year. In October
next great responsibility upon those who tahe upon them
,ve. the direction Of Banks Great caution therefore
ceaary on their part well expand enough to avoid
going TO great extent.
anie~ nt the stock Exchange.
shares United States Bank I0sls do Phenir eoI-5ods
Dry Dock $751; 20 do ssa 80 do eVl 80 do Mechanic Ira
ders les-23 do Del HUDSON % ~ do 6s so do 67i Co.
25 do GA SO do os 80 900 DO &C. IS do o7 so do 90 30
$50 DO GA so do s. 100 js 67i CO. 80 30 so do
3oIs7 do North Am Trust sei. do 60 so do 6si 90 do
col 2e-25 do An Eschaige, s3-25 DO Ohio Lille rrss
oSi-o do vckbsg Bank, 3sk 2, de 35i q 20 do 3 20
90 do Kentucky Bank s, IS do 7s 800 DO Morris Ca.
nal 2si do 1sf do 2Ss5 do Canton, 3< so do 3tb 80,
3ll-50 do New Jersey Railroad 9olI5 do Stonngon
a365 do Harlem r. II. 4s Zoe do 4sf TO- 50 de asi 100
do 40 80 100 do 40 do w. a. Fire las Co I02-ie
18th Ward Fire Ins. Co. GO
Cattle Dnmrkes.
Prices have varied within week two
the beea rather ds This there
were hundred beeses brought forward aud four
hundred sold ranging from s. o. $ooe ccat They
presented fine appearance; and The quay Was oeuer and
equal than for many weeks back.
Sheep and lambs went heavy to-day There were three
thousand and x hsndrcd in market aud three thousand and
three hundred sold $3.50 s3so for lambs, and - - 90
for sheep.
The of and calves driven 10 market Saur
day and this morning reached only forty i've OF them but
twenty sold At $50 $40 The prices show slight de-
cline. The market inactive.
- l..mx. w.H