Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1839-12-02


amer y Merle, go
r'"esche Use
Total S5S54ao
Money for good mercantile paper NAV be obtained Al Il Il
rer cent per month"; at the stock market sales
small and at prices less firm than those Of the preyous dy
United States Bank dsc ed "A per centDelsware Hnd.o
per cent-Kentacky per cenr-North American Trist
Banking Co. improved centHarem per cent-Aaass-
lean Exchange Bank per cent-State Bank Der cent.
Drafts Philadelphia sold at OF ~ discount The
Bank Of Charleston checking city for the bill. Of the
other Charleston Banks well her own Isis s,mpo
Of resumption There in circulation coun
eeit 50 notes on the Bank ofDeaware wilmington There
also 81 post notes Of New York Trust Banking Co
culaton.
The general state n the money affairs Of tie United States
has undergone but little change since the Of the British
Queen. The banks which suspended under the influence Of
the unitsd States Bank gradually prepar ing 10
aud many nave done The Ohio banks exp
ration Of the thirty days which allowed them by law The
Illinois bana that have suspended will the Of
sxty days. according the requsor Of the Most or
the Providence banks have resumed will be followed by
others in that The banks in Pennsylvania with th
exception Of TIVE Grsrd and the United States banks
be able to return spesi. for the
Influence which the latter then Those banks are
interviewer with cotton operations the great
stock sstera bo,h Of which and have for
last eight months, losing operations that speedy resumption
telState Bank in interfering WITH the IN 1887
although emnenty successful that tme has, in its eonse
quence been great element Of present disasters Most
Of the banks south ao engaged the cotton business
1883 and the United states BAnk hang established cotton
h. Liverpool and wishing promote ary gene
raj resumption Of specie payments undertook BY making
institutions hr involved their cotton IN
the hands Of the Liverpool house. and the time
BILE the S. January last. To this it
necessary hold the cotton which equivalent
the amount ef national exports to the
amount caused absorption Of the active ca, Of
for periodical held. Th supplied by
the availability of tn state stocks which accompanied the
mania public Improvements. and for the sale Of which the
United States Bank became the most activs agent
The sal. securities urged the foreign
Sut,ed and the aas suddenly stopped
irg the States with liability
For stocks TO the amount Of Se0oOvO 600
Aud yearly interest of iaeo00 900
To rect which the pubic works
will ynld - 100000
Dividcsd,of banks own.ssy the
Provided for by taxation 1000 zoo s4s0oNo
Ia.er.., usprov;dsd Cor s7,Soo,ec0
This amour, must be raised, f raised at all by
The amount derived from bank dividends Is now ieoparsd
by the unfortunate condition Of the banks to which the ,,ae
stocks have been loaned aud raised By tsx
alton will probably, be $1,000 OOo all further sales
any extent felt to be impossible The oue ,ion If tar
those stocks have the consolidation Of them
in national debt the interest TO be proceeds Of
the public lands THIS would be better for the
hoders Of the stock State works would not b s
warded BY it, e 800 100000 more addition 10 that
already created would require raised order to reader
the works commenced profitable.
In the the mmeda,e availability of ihes, soeLs
question which Affects sovency Of the United STATES
Bank The Of institution throw no light
the ansunt which holds upon the of the
cure which she holds from the EsougA how
be gathered from the OF banks to show
that the great Of her nearly worth
less. The the Mississippi banks are as foiows:
Com. and n. r.. Bank OF vieksburg siasoOOO
Planters Bank OF hatcher lsOv 600
Com Rsnk do 100000
Agricui. Bank do 100000
West Feiic,sna $4,000
Lake Washington, ,ay 100000
Owns dock Of the Coz. Bank % Nascher lsoooO0
PLANTERS 100000
Rodney 100000
Grand Calf scOOO0
Union Bank 100000
Total sl4sso 600
independent thc aboss Planters must be nd.b
ed nearly million to the old Uutsd States Rssk having pur
chased up the securities Of the branch Matches when it
wound up.
For the loan 70 the Rsroaa Bank Of viehsburs the
Bank holds her bonds payable In 1910 and a. in
equal proportsss and cesera security shares OF the
sisck, the advance which $7s when the stock
was selling 80 ass This stock now sene at a. The
Mississippi debts Of he bank independent Of the loans
may be summed upA sseooooo
Leans to sarious corporations in other parts Of
the unioo, a. Ssonsngton ssd Others 7,vo0,000
sls,oos0o0
The average loss these about 40 per
% s00ece Th Independent Of the ssses cotton, pro-
tested bs bad debts in New Orleans and elsewhere which
form aggregate Of si50000O0. All these items in the
bank appear under the heads of loans other
rifles aud "stock accoun and at very little variations
from their original values The depreciation which has taken
place does therefore appear to have been deducted in
making the past estimates the ultimate sovensy Of these
Institutions Is involved like United States Bank, the
general depreciation Of property
The greater proportion ef the asss OF the corpora
which the w. Bank has boered by loan the bills and
note. Of nsovent spectators who entered land with Dor
rowcd money The g. Bank therefore the grand head OF
this mass Of vauee paper which she ha, hitherto supported
by the great stock bubble. This has exploded and
the hangs round the commercial world and reards the
ofbunes Tbs struggle both here and in Europe
10 get Of the inacon In trade This naccn
give way 70 the wants Of the people and the