Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1839-11-07

r,,,;,,. fAla, branch bank is stated 10 have more
- -, vault. than notes in circulation, and will
n.na tn. Hon Lewis Mclean, who visited England for the
Of dispo,pg Of Maryland state bonds to the amount
r "a subscribed TO the Baltimore and ONO rail roads
- have ,ueee ded in borrowing part Of the money
pledge Of the stocks THIS description were avail
able in England in no other way,
TIL, law passed by the General Assembly Of Rhode Island
M late session provides that the banks shall receive their
LII deposte and allow per cent interest on sums not
~ s,oo ,.r cen, on sums not $1,000 IL deposited BY
aa,. and per over $1,000 whether deposit.
"A ~ Individuals corPe ations Tor term not less than SIXTY
when the sum deposited exceeds 5000 Il shall be Pays.
80 on,hlv insalm,n Of ~ per cent with thirty days
h directors and Presidents TO be personally responsible
.,,.n, Of ,seh deposites The damages protested
I'm aoo,,a by the no, allowed and the banks
s.an 10 se their balance. other states bills OF banks
80 ,..s At premium In all actions brosght against the
h,nh. in which judgement goes by default no SITS shall be
the defendants These enactments are calculated
. aae. the banks to the earliest possible moment
,vbch will he al distant day
example the New York banks has led the public 10
into The real necessity Cor the suspension OF specie pay
Int. and the opinion fast gaining ground that the mman
az those institutions which took tho lead In the
b.. been the Those banks which forced
; or suspended through panic are taking
.,m.eiyes II consistently asserted in Philadelphia
49, A., ,ouna banks there will this week; while the
:. m, prospect ahead They are alarmed at the result Of
-, N,v Yorh policy which, BY making her the centre Of
- rars, causes money TO concentrate here from all
.,a the severity Of the pressure having passed, the
oa;,;on ~ mercantile improving The organs Of the
Marty finding in vain to plead general
g. now ascrbe u 10 conspiracy against the u
Rank and the following letter Is put forth 10 sub'tsna,e
such positions -
IT, N. President If the Bank efthe United States, Pmid'
" dsiphid.
Mr. Presdent;-ve have the honor to inform you that we
arranged with Mr. Jaudon TO accept for your account the
raup Of $500 600 francs, your drafts ON the Messr hotn
winch renamed IN We take u Tor granted that
Ia audon have informed ron Of the arrangements enter
"A into by ne with him FOR this purpose, and consequently con-
-. a unnecessary TO recaritulac them here, limiting our
49,. a. furnishing you the other MEMORANDUM Of
b az your drafts have been lett IN hands to-day 70 ne
.Io,l,d with acceptance
~ ars happy MIR President to have found opportunity
- yo. proof of hsh consids ration Tor the establish
oysr which you preside, and to have been able at the
49,. "a the disastrous effects which this refusal Of
an The rart of Nesrs Hottneuers beginning
A. our place we'll IN Lyons by many holders
h;,s he ,ssed by their necessities 10 immediate
~ y v ~ her funds offering part with these .e.
snritie. N loss over the discount -, -.
W. .ha CORE spoud with Mr. Jsadon W every thing
w sn eeesr,ssce. ON your account IN conformity to his
oernt 4, rs 20 tina, shall not be obliged 10 trouble
details relative this operation, except W case Of
10 distractions ycrrpsrt. : y. .
W. r,eent 10 ,u Mr. President assurances OF our most
distinguished DE RoTHsCHILD, frsrss,
tSigneo A. DE ROTHsCHfLD