Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1839-11-16

In this table perceive that the price these stocks the
banks OF which have suspended deprscatsd than
those where the banks have continued pay specie The
prices given indicated BY sales in New York. whore the
intrinsic values Of the stocks understood than any
other point OF Psnn.yvana stocks Of
ng but for the last loan she attempted make there
bidders wha,ese bu. the United s.aBaak and Ia
ken BY that Institution only mean without regard to
cost to extrcste II from its European dicultie The PROF.
pec for future loans therefore very gloom and under such
ecumsane how the interest Of those already created 10 to
be paid has become of startling moment TO the pub
lie Oa this subject have the following letter from
Philadelphia correspondent
PHILADELPHIA, Nov. 49, 1899.
sems Of you, New Yors o. rsSmR.on her.
here believes she for years She
much spread for any such Besides which u 10
beginning leak that state nsnces about two mil
lions deficit the present year The must there
the banks dreadful Acknowledgement to dir. ct tax
ALTON No legislature In rennsyvana could adopt the
tsraou would revolu onne the politics OF th. state. This
you may upon, information that cannot be gainsAid
This let er precisely the rredcament in hch the
states stand. Taey dare not resort 10 taxation. and without u
the fabric o 2e0 900 600 ofsae stocks cannot be
sustained There states, ofwhich New York
where actual debt small and the fully equal to
the payment OF the interest md leave something for sinking
usd but the dominant party Of this state which whg
directed BY knot &c spectators, who struggling 70 create
larger debt their organ has proposed the consoda-
isn Of eli state debts tiona debt for whch
the national domain be pledged The operation Of this
plsn would be- those shich have been prsas
In their pay debts of those which have been
Havagant
this proposition have the imbodmen 81 the wing po-
on the subject finance which the great point which
The succeeding elections viii turn expansive currency aud
an extended credit sysm viii be the policy which Mr.
CLAY will be electoaeered FOR a. Psedsn In the meantime
the state of although ocofeeo in It's government
ia 40 involved with w. s. and Girad banAs that il must
stand or fan with From this fact Is appsehended
utterly s.cyeut a. they generally believed to be, that
Tremendous struggle will BE- made at the coming session Of the
Legislature 10 sustain them
The u bank although repeatedly called upon BY the state
authorities has not yet made statement OF s Affairs public
The Girard bank hs. made the partial and aasaactory
Guus ouy which appeared in the Herald OF yesterday The
York banks not only maintain themselves but are 50 Tar
rsnng strength that they have sensbly relieved the market
during past few days At the time in all parts OF the
coustr the currency ssd the price. Of commodities have been
rapidly thenevs. the New York stan dard
In the west brcsatu provisions and supplies OF all 'ers
have fallen per Al the south goes down a.
rapidly From all points specie and produce into
New York. and dpreeiated money goes place Of
Y. Those banks which carried down by Phadel
,hia failure already resumins The ohs Life Trust
and the Franks and La Fayette bsnhs Cponna
returned TO specie payments The New or.sn. banks
An. 90. the sane The Charleston ans Savannah
..L. maintain thems.ves The result Of this steady and
radical depreciation in values ofpscperty ssd sesurs and
decline blow the assets Of the United States Back
M ,.ri Bank and Of al shsss Institutions which have M
lowed the rsdesmsbie pslicya opposition TO the specie pay
;,s policy Of the New Torh banAs