Morning herald., 1839-10-02

T...x.y, lpss. IL. r. n.

a~r;.1u Al the board today, inc
caused by the departure OF large e"oun. ps
&c BY the several packets which .aie' - ~,
ns,.w ire ana Hudson improved per cent North
..-.n Tro, aud Banking Company per cent Kentucky
- ..,. Mohawk Boston and Proyidencs per cent;
s.oninvtou per cent Harlem per cent there was pu'
u a,oosn, OF business dope after the board Some excite
however, account Of the stoprage OF the
Chelsea Bank Today however, all notes have been redeem
"A in ,pecie or its uivant The difficulties seem to have
arisen in great ignorance OF banking on
The part Of the conductors Of the institution The nses have
not been redeemed pronp, for time back The circu
lation however, been gradually curaed and u Is sara
now amount S600o The Bank is preparing statement Of
il, affairs many Of the difficulties which our hnancia
affairs experience spring from the same Cause when has
ruined the Chelsea Banhat is ssorance utter want -
neral ntelgence banking operations How long our mer
chants will submit such management we cannot say
The last Rodney Miss, Telegraph state that the Bank
pa, ;b.oo ba. Elected loan New Orleans, which VIII
euable her to reac EN- her post uote' at maturity
The amount Of specie shipped o.da', was as as oows
By the British Queen Tor London, SSoc'oS 'oCo
Colun bus for Liverpool, 30 s'o% oo"
Charles carroll, for Ha're, '0''o
ro,., .h,~so,.. 500, 800
About ons half amount on board the brh 0"een "a
not cleared until o'clock TINS caused her de
t;on at the Of Wall street until two O'CLOCK Fart M
,.ecis came on from Philadelphia yesterday; fair proportion
ho~.v.r drawu from our banks by importers for remit
REGULAR and operation The merchants have
.sn Too .brcd 70 be shaved by the ninety day bills OF the
4baDks.
The dram on our for specie to ship must soon
uremiu ou SPECIE which will Cause It 10 now TINS way
ro All quarters, and urless Liverpool should bring such
information as open foreign credit ON which 70 dra~
probability that the drain will produce serious results
T demand see,n to increase rather than diminish Inc
banks the South and West they are OF exchange
with large amount reclamatons on former bills falling oack
on them are lily able stand an extraof d'nay o
ece The Commercial Bank Of NewOrleans, which recent
10 the premium for sight checks on New YORK. from
20 , per cent has now ceased to draw sight checks
The Philaserha Inquirer states tt an I'd"
b.ou entered into between Boston, New York end rha-
snb;a by which the drafts for specie that nave
recently given for complaint Will De
the future Such combination will no doubt result IN "u'"
GOOD The grand evil which affects the whole union now
IT, want of some arce institution the control OF which VIII
er,ure harmony Of action
Tie Georgia Banks continue to quarrel among nemsees'
IN. f,m. four per cent oath" does not harmo'
nv Of action Tie Central Bank of Georgia having declined
to receive Of the Monroe Railroad ano DanAs
npany the fat called forth recrminaon frsm the rres
dent OF the latter institution l.. L. Grfen, Esq VINO recon-
mend, placing competent 6nanelers at the hsaa o inc
Bank This has ELECTED the iAct tAat he s'a
or has failed to pay contractors the state works.
and in lieu of cash mas paid them state scrip ON which Inc
Raroad loaned the contractors about S'oooo ou
sin conseqsence the publication Of the Central Bank shs
any aid the contractors or to take the no'es
Of the Central Bank deposit in Pa ment Of notes. or
the Offices the Railroad
Georgia suffering, perhaps in greater degree than most
other states b, financial Encouragement The Banks IN the
state are nearly all small and most Of them owned BY lew
individuals contre them entirely and appropriate the
entire facilities their bencht-he mcrcan'he anu
planting interest with few exceptions deriving but little ac-
them. This evil has long beeniet by the
...,ta rlsn Ntpp
the part the egature to annul the charters Of the existing
banks and create in stead large state institution, by
which the whole peope shalt be benefited. Such Pretext
would be ssprnsion event BY means mProoabe
matters are condscted in that region Exchange sAeA
% against Georgia and the cotton crop the only resource.
Al the banks cannot advance the crop
without the bills being mnsdas returned them for Pe'
ee The indebted to the merchants
In hs peishbourhood he has had suPpliesif ne
takes his -ny bales Of cotton Ito Augusta and re-
an which his necessities equre-he goes BACK
with the money pays tie merchant who Immediately hur'
es s the bank bills FOR specie exchange to pay
h northern The cotton does not IN the pre-
tate Of our markets. afford credit 90 rapidly to the
hanh Men they until they indication
A .,usiur sidrnee in New York Such is the position
S Geo~xa aud rendered difficult BY the fact that
one article cotton the only AT the same time the
bank. instead uniting plan BY which he CONNER.
M interest. OF the sha be berehed quarreisg
"a pay spes the applicant will take an oath that he
broker 1he state is has neglected TO pay the inter-
M an money borrowed thereby endangerng the credit
d all the other States and has failed in returning Dor.
ed 10 York. and the public works about to be
v<uded for Of funds Ia such position what prospect
Of success for the merchant revival Of business
q any kind ys, her leading talking Of direct
ads. ard Of refusing any longer PAtronse hs north
sale. as the Sssck Exchange.
$500 Corpor. .tinn Bonds, WI-so share. Bank 02I-
lOo A Bank "a 80 do % $3.50 do Dry Dock
7ol 10 do 7ei55 do Del Hud s7l 80 do SO IS do 57i
sI6 100 do 6s So do 40 so do o6l 80 do 50 80
40 bsa w. $50 s0 50 do 69J bee Is do 56 50 do 69i
boo is do b7 do 80 w70 Meehs Bsnkg Assn 73 OO
40 ~ $3.50 Am. Ex fel go IS do ISL S0-26do Am
Trust 81 I25 10 do b3s75do vicksburg Bank 33 sl0
do ss 1910 Kentucky Bsnk 73 100 do 70 10 do 7sf
onw Is do 734 ts-l0 do sorrs Canal 2e-4S do Utica
Schenectady ll5s0 do Canton 2oi 10 do 3o63 do Mohawk
Ss4 50 do s5l 90 do 63t IS do $40 do Boston and
Providence a7i-75 do New Jersey Rail Road s4t-l0 do
soangton do ~ b3o Is do 2I 20 do 2a25 do Utica
a1l bs6-e5 do Harlem 42 IS d. i2i 3 so do 42l SIS
60 do so d. IS do AL zoo do a. 80 do all sl0
100 do 4st bso, ~ do 4si-s0 do 4Snw.
ID State sf Trade.
We hsco <vceivi letters frem Wetunpka Alabama, dat
ed ScpAsnB6er by the mail ye,terday morning. which
state that the cotton and crops unusually promising
ali over State The picking very fine, and the
growth Of the State estimated at fully 100000 bales agans,
10000 bales last year.