Morning herald., 1839-09-25
M u EY Vl A is * 4 4.
Tue~d Az. acl,i, ~ q r. H

Tuesd sy, Sept. IA q =. M.
There j, but little variation in The position Of the money
market At the stock exchange today cash stock was IN sgh
demand causing 6rmne descriptions and slight
advance in OF ers u Bank improved per cent, Amen
can Exchange cned ps cent, Delaware Hudson per
cent Canten Nor.a American Trust and Banking I'M
proved per Harlea 1t per cent Stonns'on pe
cent After board there not much done Rumors o
failures At the second board an I'm
in prices was manifest and the following sales took
place shares North American Trust and Banking o. 20
do Harlem 4 so do 42a so do 4aa tw % Delaware
and Hudson COL W; Amer Ex Bank e0a SO d. 80 o.
The avre pacae today out specie S5oooo iher
has been activity in cotton at hrm pr'ce or
ses Of remittance that port The bills OF The C'y Danx
and the Commercial Bank Of Buffalo, will hereafter DC re-
deemed by the North American Trust aud Banking Co.
Der cent DIS has been effected BY the dele
gate Of the bans Mr.. Lewis Eaton and IS "hderoou WIN
be The pat low by OF tue action
OF the banks under il hoped that reduction IN
the rate discount viii tend TO keep the bills III crcaaon
This is another step the conflict between the two systems
Money still very difficult to be procured aAd the mer
chants are suffering severely from the crcu instance Many
have cot extension and several tailed outright This
the be rgrstted that many 81 them hold large
amounts Of southern paper certificates Of deposit and other
credits which be made available at any reasonable
Great dependence has been placed upon the new
crops hope that the south would be enabled to pay
up before this time Unfortunately however sickness IN the
southern
currency have ded the crop far seriously to In
eommode ths merchants and many Of them have been
OBJ iged to suspend. The operation OF The city banks
not such tends their relief IL is with the utmost
difficulty that any accommodation can be got from hem
Some OF the institutions require as the condition OF oan
hall the amount shall be kept on deposit with them
merchant applies for loan e $4,000 at seven per cent ne
obliged keep deposit the bank $4,000 ne therefore
nav, fourteen per cent money he and the bank re-
the operation deposited Il Is thus that
in the the pank the loans aud scpon oi the banks
are Of proportion to the crcuatien move
en Of specie south still Indicate extreme scarcity Of
internal exchange There arrived New Orleans the iath
inst 100000 in specie from ST. LOUIS for the Commercial
Bank New Orleans, For time past in the absence Of
exchange the merchants Of Louis have been obliged TO ship
lead pork other produce New Orleans to raise money
The prevaence the epidemic has however, killed all business
city, and specie drafts have been the consequence
There arrived specie from Liverpool on ac
Branch of the Alabama Bank and $40 s2
arrived from making in ALL $3.50 27s II stated IN
Geor-ia papcr that the Darsn to specie
payments
The tendency all descriptions Of stocks and the
complete .agnson Of all negotiations for loans on them ~ he
London Market rapidly hurryng the several States which
have apart auxiliary unds for the payment Of
to the point OF TAXATION ruined credit In THIS sew
may b. considered fortunate circumstance that so many Of The
applications for stock have failed Mr. Joel Crawford
recently London he had been 10 negotiate
loan 10 the amoua Of 81 for the state Of Georgia,
having entirely failed making arrangement for sale Of
the stock loan the pledge Of it, This must lead to
suspension public Of Georgia which have already
the money expended will therefore for the
sent be pro6tles,
The great aud continuous stocks for Of
public since is4 has hcen unprecedented reach
ins Slos 600 half Of this has expended
railroads. which DO not and cannot yield for the pre-
.eat mere than pay the Of repairs The only
resort then ofhe interest these expenditures
NUT the present destitute condition OF the States
Ger money While this rapid accumulation Of indebted
ness ha. been going prices all descriptions Of produce and
merchandise have undergone proportional nnat'ou fact
which evd,nt from Of the canal commissioner uP
% the present year. by which appears
while quantity merchande transported on the canal
Increased is cent aggregate value increased " per
During the year. however, the returns show de-
crease in the value compared to tine quantity transported
The o the yet unhned pwbc work. Of the West must
be que, Until the Improvement OF the vast tracts Of lands 50
In former years. viii have furnished surplus OF products
which will enable resumpen Of the works without borrow
ing the money from abroad To form idea OF the
OF land coming under cultivate will take table Of the
Of land sales for the last
wears, aceompanie with the total Of the government
and also expenditure. the public debt together with IN
total expenditures: