Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1839-12-05

This shows large increase of circulation arising
from the fact that the institution being deposit bank the
bills receivable the land Offices large 4uantiy
thrown for purpose. About s250O0 ofthe depoes
money Prior to the late suspension of this nst
her received the State Bank OF Missouri
ad have since been consequence refused his is justified
oay by the suspension bat BY the condition Of the bank
here represented The immediate liabilities have seen in
$685. 167 while the have increased $2O5
only and but little relief has been furnished
The Bank ef shawneetown III as not suspended having pur
sued the policy Of dscoanng bills drawn produce only
This the distinction which invariably marks the redet
BILE and rredeemable banks The their only
fer t discount of short business paper and he latter lock
their means in state loans mortgages and accommodation
paper.
The United States Bank Of Pennsy has the
the latter class Accommodation paper has accumulated upon
her. at the same time that short business paper has been
principal securities taken BY the New York banks In way
the liabilities ofthe United Bank fallen DUE while
the continued agnaon Of the stock Market and the dimin
ished value Of her suspended debts leave her without
meas Of meeting hem although showing large nominal
mount Of securities, the present value Of which would
dangerous to estimate actual sales Tennessee bonds
sold yesterday in Philadelphia 81 per Indiana
recently sold in this city at SO per cents Maryland
at So cent and these very small Another great
difficulty which has been experienced institution IN its
separation from the has been the issue Of
notes. The following comparative table Of the Of
those notes from the Treasury Department:
RETURNS OF TREASURY NOTES
Der. As COMPARED WITH RETURNS OCTOBER.
Amount issued under the provisions Of he act of
October IL, 1897 SIC, 900
May 81, 1888, s709Oio
March 2 1899, 1857 276
Aggregate issues ts Dec J. 1889, is,ss7 ,oss
Nov. 1867 o56
There has been redeemed under the two first
acts, UP to Dec. l, 1889, 1885 $50
under the third act, l,2ss 654
Aggregate redemption to Dec.l Is,sesOl4
:" Nov.l l6l729 O5
Decrease Of outstanding in Nov. se6lO9
Who'll balance unredeemed, S2999g7l
OF Ibis balance under the Two first acts, 376 90
third act, S2.625 Oh
This table shows that the issued in the two
last years. Saoo0oooo q ITS paper which has come
in direct competition rh ne circulation ofhe Uni States
Bank being issued in small $50 and
money the payment Of duties for purposes This
large issue has undoubtedly ope of
the United States Bank Had that continued
fiscal agent the government this circulation would
in the bills Of the bank but the bear
teres the United States Bank bills have been driven from
circulation.
For the last moAth il appears that there has no
hsus Of Treasury notes While the Outstanding has
largely decreased, at the time received
from the customs also decreasing This has led 10 the
stctng Of the receipt Of Treasury of pablo
dues much possible the part Of the government
ha, occurred where Treasury
fused the both the SOUTH unless
the denomination the a the be paid This
has prevented the decrease from being larger than il The
gradual decrease Of the import busne rapidly decreasing
the Of the government and measure will
doubtless be proposed at the present session of Congress
the contingency either By issue the creation
public deb-eher Of which will have material
influence 9 commsreia affairs.