Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1839-04-27

hls shows general stasding than just previous
70 the resumption But in Georgia there has been held Cor
sAsr Prices Of cotcs nearly equal SsoooOoo
YSis ms eraped merchants sa sectien and only
vwsvsusl collections bring made with case, but has
great measure the purchase Of flesh supplies This
evil muse now be soon rcmedicd.
Az the West money affair. renal. seaAy the The
6ssnses Of Michigan in confusion bal the organization
Of the State Bank progressing rapidly and will BE
n position asrd aid 10 dealers, and the repua
don Of from the dsepse into whsch has fallen BY
he explosion Of the rotten free banking syse authorized IN
ne wistsr Of Under organised du
ring the following year 40 banks with capital OF
or these 40 into operation 20 cent Of the capital BE-
;ag paid according law they prss
Cd to actual capital Of ~ The Loose rrov
ious Of the Law laid ores every species c abuse and
RI dsscrpea evssio.s Of the Law openly
tsei that utter explosion the ressit
leaving million dollars Of worthless sots la the hands Of
Individuals. These have ceased 10 circulatsj and
hs whole medium Of circulation in that state Is short or
ssooOo0 while credit Of the stands low hat
any in the Usioa
AT The same time Michigan possesses equal II not
superios to any Of her states She has constantly IN
creasnr popalaoaher crop last year most prolific, az
fcvdae large surplus Tor exporass The extension Of her
isernsi rapidly susmentas the trade through
h. territory from opening the rich lead mines
ffu;so, Indiana Wisconsin, 6eid for euterrrhe,
on the completion c the present projected canals large pro
o. of mi. article of commerce which finds m way
New Orleans mast seek its way through the Michigan
nal, 20 the markets. increasing the revenues OF the
state ana creating demand for bank capital The route IN
hi. direction 10 New YORK. at least thousand miles
or thas By he the produce Of the West now finds us
vsv "a New Orleans consideration which will not fail TO
ske the Of Michigan the great ssntre for the trade
or the western couatry.
The miserable nanac emeni of her financial Affairs has h-
ce onward march in eemnerci prosperity The
r. N.x ~,fh braug
h.y.e capital Of saoooeoo whhe privilege Of increasing
"A a. sS 900 calculated put matters IN better train
~ reference the letter Of correspondent elsewhere the
cf,he Directors viii be Theysre eminenuy cal
.,s.d to forward design o rievng the Gsascis repsts
cr Of the state have received copy % the charter Of tho
p,pt liberal provisionsalows q the circulation Of
on. dollar sotes 4 post poss not under 6y dollars The
p.r n have charge % the public monte. under tie control
ar the state Trea urer State subscribing Coo half the cap
Al The charter extends tie year 1880 Unaer the whole
80. management, oG such m institution Miehgas prouisss
become on. % the most prospe, States u the Unios
~ sales ns the stock Exchange.
a. .h,re. u Bank Iia 80 30 i.nv68 Manhattss l3S
"a Nations. Il2S25 M Eve D. ej225 Del hudsi 10 40
olbo lao 80 s2s4s 80 do slsc - a. sfinw ~
40 sin $50 00 20 Gle. poo DO sos3o ~ 20 sseIo
lss do eo3, IA ~ sels0. 200 do sise 100 do Sic
roo do s3. 100 do sispu2o Muri. lanai wv osrs p
Commerce I0t ~ o. iC3t 7sdo iO4lboso Farmers Trr
Illa-0 Am n lo2 10 Ohio io5t, % 40 loot, "
ID fos5I Kentucky vicksbnrp 6iSbio - DO 6lasa~
- do Elsa 90 do slsiS0 >.er hire loD9o Je'eson "
10 Eighth Ward s,aNil Utica syrsea.e los-ioo ~
rson ESQ g. 10 srem Claw 81 y dsc 100 10 81 30
lDo do 1880 40 &c elc 2@J de- eao 100 - 6ba 70 do o.
- AZ a. 40 d.-7, @toniaq S6n 81 &C. 35llo Canton 46
100 Long ISLAM sleuo treasury sstes, Sizes 100