Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1839-11-30

l. ~. ..n,A bephs nor ths isdssaasass ase aseh os
,ossd for action The ARRIVAL Of the Lvs'poo
yard 10 with intense anxiety, In the osnsi 'na' '"s ~"
Ar al. az the crisis which the Affairs Of the u'Pssdsd osss
~ = :ss .,a .ate stock system have reached Morris
pho Fac Lo returned In the British Quees represent"
a. ;nt.vs. Of these in most DISASTROUS ssss
b. gentleman il will be recolected charged with some
nseoatious for the American Exchange BANK Ine's
~ entirely unable to effect The opinion was prevalent
n youdop that the Bank Of England would be forced 70 s
mend The Of pound notes. Off from giving he
would be Of instantly draining her Of her last
;, The conviction that Bch would be the result ~ INC
state Of the public mind has thus far prevented their
issue. MsE#e ..t @u -
The news Of the failure Of the u s. Bank on rtach'ng
London letters explanatory 81 the manner
which the public stocks pledged by her Tor no
come into her the great fall in the prices Of
those securities this market have the effect OF causing
panic on the part Of the holders that will cause them 70 sen
for what they ian get $40 600 600 Of stock may Dc
in this Manner loss of 10 winch
win fall upon the bank.
IN The occurrence Of such disastrous news from tins OIL
an institution which stood highest in the estimation OF inc
English capitalists of course but title chance ie
loans even sufficient to TIE interest which WIZ
Iv fall due Much difficulty has already been experiences oS "
If the states in particular We had occasion to mention
csutv the loan attempted be negotiated for the state OF
and the interest former loans had
not been pvoyded for for the i'll suece" Of that
.eetaon reply this we have received letter from Joe
Crawford Esq., stating that the interest falling due had
bs.a promptly met We aware that the interest
baa been paid statement nevertheless, correct
The were these Mr. Crawford being charged
with the sale Of bonds started for New York, snd on his
sod $4,000 Bank Of Augusta at He could do
,hpg in New York. and left for Londonssyed there
o~,h, without getting any oers~en to France, Belgium
and Holland with like success and finally offered them to
Reid Irving Co at 80 cent which offer was declined
Part Of the proceeds Of these bonds to have been appo
ed 10 The PAYMENT September dividend falling due
IN London on ST $500 900 Of Georgia stock but they
could not be sold arrangements to be made and
Raid Irving Co agreed advance the amount to
nav the interest for commission Of of one per cent and
promse on the part Of Mr. Crawford that they should be
without delay Now, repeat that the evident
fact, that the interest old loans could not be paid without
creating ones, was, at that early day. operating
against tn. success Of the negotiations attempted in the
market The State Of Georgia has issued 100000 Of
scrip the Of the state are the public lands taxes
and funds OF the state Central Bank The fit Of
items ceased be Of revenue The second
according the present. system Of taxation yields the stae
about $40 600 only while the Central gives about $4,000
making Of sl5ooo pay the eff the Co.
vernment and the interests The works which she has
commenced will require heavy expenditure to complete In
the same position stand Of the states and the closing of
the European market farther loans will be the downfall Of
the credit Of those which have too fast borrowing aud
and banks that have promoted it. The sweeping
away ofcredt will not effect the steady
bushes which lucrative among retail
ers and small dealers The ground work Of all prosperity the
OF the SOIL abunds and cheap When such
the markets cannot conti.ue long depressed
SnIes nj the stock Exchange
$500 Drafts on Phad e0I-0 shares Bank rs; SO do
IL % do IA SO do 10 s2od so do H. bsod so do TO-
s5d SO do so da Am Ex 72t 10 do 7572 DO vickburg
IS opg XIV e. b3od66 do Del Hud 64t SO do 65
2sdc 65l so do IS sodloo do Am Tr 4o a5 do ss so
do 3e 39 leo 10 39 las do 3s rs do 39 80 10
3ot sisd-39 do Am s Co $40 do Canton Co Bait 49,
50 d. 30 b30d-l20 do Mohawk IL 52t-l0 do stoning
l6; is do 1928 dc Sii, b3d-l0 do Boston apd
Worcester O0l0 do Utica and syracus 3d. 20 do 80 b3Od
los do 9S35 d. Utica and Schenectady 1880 d. Gas
and Bkg 10 so 800 do Harlem so do ~ s30d 225
lii DO b3d so do ALI SD; 100 40 Az 0d 100 do Alt
bs0 100 do4 so do at SO do Az s6ed $50 do ana 100 do
a.