Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1839-11-08

. Of sSSs The CITY TRUST and Iosr
s s.,. s s ing ONE poL t.%sE.ay demand Q
SaS3 TO c. Miller or Bearer o
.as5 WV ronx, Oct. IA, 1899.
SO tvignette.) b. Mun,ou, prest
ONE 3s A.A''''' cash. 3
Q . { sc > : : . ; > .
These ueng signed BY the comptroller ad secured cy
stecss perfectly good, but circulation payable de-
snd be obtained any great extent, the present
lowing |. copy:
.oos Sc
Vignette) .,
THE CITY TRUST o
ovignette.) and Banking Company o
will pay ONE DOLLAR on demand, o.
o to the bearer, Treire months after date. o
ONE NEW YORK, Oct as 1899. I o
A. Assor, Cash. j. D. Muvsos, Prest o.
q
The general appearance ofthese notes very much the
being nearly the date and the sgnaur the words
,ren after liable escape the attention Of
the public We give these sample Of the currency with
which spectators preparing food the western country
under the preence Of relieving the people" by furnishing
them with the Of bringing their produce TO market
Let not the farmers and producers be deceived BY such shallow
aeceptops it 10 part II the system which has turned lhe
spuent state Of Mississippi Of devastation.
Bankruptcy and sheriff sae the a,tendan, such
spurious currency while those who them may their
fate the present position OF bank the great head Of
the irredesmabIe currency.
No State in the Unsn hes been deeply injured BY
expanded currency than Mississippi and her affairs will Offer
apt illustration Of the operation Of post Tn. great
staple OF Msppp and that which constitutes her wealth
and Of paying that which growth
efoher price Of which affected only by the
state Of the market England The average crop, including
part Of ouana crop owned by Mississippi amounts
70 sso bales. which al sA5 sis7s0ooo. Mississippi
Of the growth Of the states in pork, sorn ou
bacon beans baggng horses mules 100000 annual
and Of foreign merchandise including sugar from Louisiana
coffee &C. derived chiefly from New York from TO eight
millions. Her account then stands thus
Cotton, Sl5750,O00
Products sf,he west, sasoo,oo
Foreign goods, eoOOO0e 100000
Surplus, S27s00
For the four millions OF products which she receives from
the satesshe exports nothing return there there
fore always specie balance against her III. therefore her
interest keep her currency valuable as possible In the
spring 1887 when the aggregate foreign balance Of the United
caused general suspsssion Mississippi was OF course
involved with rest At that time that the post note
system by initiating the currency aud raising the prices OF all
those goods which imported caused that series OF
es which have nearly ruined her credit The reason gwen
for the extension and issues was that The debts
OF Mississippi we're contracted at high prices and, pay ,hsn
the low by contracted currency would ruin
them. The banks therefore, advanced freely cotton al
go per bale without regard the price which the
would bring in Europe therefore, every dollar advanced
yond the real price SURPLUS and caed their paper de-
precate In the ratio go wsud pay for pork
than the actual price would have furnish
ed the surplus crculsos was therefore fetal loss 10 the
ec~mss and the ofsvolving them deeper debt