Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1839-04-17

The Secretary Of State Of has given notice
that Prsposals will bs received until two O'clock r. NJ on
Thursday the 3Sh Of instant loan Of Ss7eo0e at
per osnt $4,000 to be appropriated to the Franklin Rail
Road rsimbuase BY the State any tine after Let July,
ASA.
On the subject the banking currency and Of
Michigan, received BY last nights mail the following
DETROIT, April 8, 1883.
JAMES GoaDor BENNETT
Dear SrYour recent statement Of the Michigan Banks
Of three of the banking institutions the western
world venture to correct il.
The injunction the Michigan Bank alluded to BY you
am attachment sssed BY in New York small
certificate given by the bank time since Payabs cosny
chartered money first presented at the bank and specie
demanded which they refused to pay, but at the time
tender made Of Country Chartered money! the
certificate called for The holder declined receiving this and
returned TO New York. when the attachment Issued but
dissolved the day This bank with the Farmers
Mechanics bank stood in better repu than at this day.
asd the failure Of the State Bank rotten Locooco and the
Detroit City Bank, mis-managed "Wild Cat" has only
served to give renewed confidence these old inutons
The failure of the State bank you will readily understand
by looking at the statement furnished the Investigating Com
mittee Its capital paid about $4,000 discounted bills
S3500o0 drafts Of its hard political customers Sl4O0
ocofoco governmen $1,000; debt to the State 5000 000
The truth is it managed by little sevcsby ocoooo
who knew just enough to comb his black whsker dance at
tendance Gov Mason, and help himself whenever good
chance offered.
The Bank Of Michigan since the failure of the State Bank
has purchased Of the state drafts drawn against the 100000
loan for S7500 and they paying specie Ohio notes. and
their Their CON- the LIST Of January has constantly
increased aud they have now about whilst
ation has down almost nothing You rest assured
that nothing bat will these two old banks to suspend
and then must be general Of the world They have
lived through two patriot wild cat war; and great To-
cooco which tha renowned ancie Governor Mason
declared that could break them both and he be Il
he would not" He made the effort broke HIMSELF John Nor
ton, the State Bank, and the locsfoco party
so much for the banks You have doubtless notice IN
the paper. Of new ocooso lawyer IN oar senate. to make
mercantile conmunity that this rasca law introduced by
ocofoco SPECTATOR to himself out Of difficulty IS forever
knocked the head The only change made IN our coiec
ton laws, consists in simple posoneUent OF one or two
terms Of spring courts where some OF the members Of the
legislature were parties defendants
As soon as the war fever settles down. Michigan although
degraded and crushed to the EARTH will stand her feet We
have agricultural resources free from
rascaly lecofoco Legislators aid will convince you York
ers that we not to be sneexed at
fyou like pebsh the facts and you desire to know what
will pay postage.
Certainly. I'll pay postage.-Ed Her.
Sales tho Stock Exchange.
IA U Bank il5s-2a Bank of York 1876 do l26l-
do l26S36 Merchants lOl-i50 Dry Dock 1888 do 1891
-Iso do loss5O do lO4-lOo do losl2oO do O4.bsoloe
Atlantic 9630 Mechanics Bank Asso $50 10 Del Hudson
7s4o do 7ss l5sd-25 o7ss-5o do lslw.5e do 7si-35
do 79lb30I0 do 7oi-lO0 do 79lnw25 do 79.l26 do 70
so do 7osnw-37 Morris Canal 54-l2o do 5449 do 54i
ITO Bank Commerce l03lOO l0i 60ds-e5 do do
1910 American I l00--30 Ohio l06t-l0e Ken
lucky SOLIDS do sSas3060 do Sebnw25 ssa5 Illinois
10 ycksburg 66-25 do 65uw-l00 do o6bl020 do 66-50
655O de 65ls3O-a5 do 655O Amercon Marina ms Co 80
80 Union Marine ms 6O-l0 Washngo 762 Equitable
l02l-5 Right Ward s025 Merchants Fix 425 DO 73-25
Paterson $3.50 do 6550 do inw-50 Harlem 57lo0 d"
$50 do 5stw50 do $50 do 5Slb60-l50 do 57a-5O do
59b60-sO do s3nw-58 do S7Al00 do 59b605) do $3.50
90 Boston Providence 05-l00 New Jersey l03bl0l00
do l03bls65 stonington s4c-6 Utica 1906 Canton AL
so do 40.
Sinte of Trade.
Trade must shortly begin to revive, and from the
Der Of strangers daily arriving in the various steamboats,
led infer that shall yet have good business before
the anguor of summer eyertaes The Of Lake
Fri. ia he will his be
altered prospects financial affairs all lead believe
revival Of the spring adej shipping business also becoming
brisk.
The following comparative view OF vessels inading IN The
put.a cs.,ss e. rsrcigd