Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1839-07-16
$655,a34

Other resources 1892 Circulation, 2257l0
Specie, lo0,772 Other liabilities, 7ss3o
sss54s4 Ss554a4
This table, compared with that made last year, shows
increase specie of $4,000 Increase Of cir
cuon OF $1,000 decrease Of 5000 in the deposte and
decrease of 1000 in the loans This return shows fair
condition; yet they will their engag
This institution half owaed by the South Western Rail-
road Bank and their principal difficulties are the oath in
dcae from the contenton heart burnings and eaousies
which exist between the well as from the amount
Of cotton which remains unsold of the Georgia crop
The Of Harmony fast gathering force among the
institutions Of State The banks in great difficult
ty and blunder from bad to The committee
appointed the country make arrangement
in this city for the redemption Of their b here hut
yet nothing has DONE has any definite plan been
proposed The committee awaiting the arrival Of the
Bank Commissioners who expected few days. The city
banks aborng under the caused by the
transactions made by Of the country banks with the fede
raj government appears, stated, yesterday that
Of the banks made with the Secretary Of the
Treasury hold treasury for certain time They
tempted this by premise OF the government depoes
hereafter. This they able to fulfill 90 long
the city banks redeemed their notes when that ceased they
applied the Secretary to release them from their ment
he however, refused. This is difficulty which stand in
the way Of any new arrangement
The period fast approaching for the cessation present
arrangement la the the difficulties of eGecting
new one, constantly on the increase enc :, -
have noat from $4,000 Of their bills wh'ea '"ey
are liable for the specie, and which are oeyo'u 'e'
issued ON treasury held at the pleasure oil the Se
oretary of the Treasury.
N,, the whole balance Of their circulation amounting to
near a i, also Beyond their power Of
taimept: a. il has been advanced ON produce ~ncn ~ "
eul,tor. high prices The Orange Co. banh' are
butter The Genesee and Eric Banks IN hosr, Sn
hey continue to renew holders sots after the city
k.avx and ruin
.i,,,d 10 sh.uld they such notes. the i"'ae "
h holders i.voe the security Of their loans they are mus
placed between fires at a moment ~hen inc ny D
trembling Cor the possession Of their specie lest foreign arD
should sweep IL Of and the banks are senty
II n their vaults. -.
IN. 49, r ~, w.s,eru States arc exposed to drain
. ,.na under the new order OF government, which,
h n do. no, carry the specie out Of the country YET the
eG,et |. the same the preseat weak condition - Wv
ar ,ha, ,rction wi ,ch banks similarly situated
IN. ;nasribiity Of their paper currency WIN 'no'' " WIS
Lead pork groceries have absorbed BANK cap"a ~
ho,Jn through falling markets until the uosA'
directed the find themselves IN Inc MIDST OF
A. pcst with the sc,lla" Of specie dram
No.. =, "charybdis Of rssed securities on the
Their -. :. .,,ncL
I. looking back upon past events, we eanno' ou' - ~
18th the fact that tras Of evils has grown OUT o. e r
,,,ou. d prevalent in 1897 that BY an EXTENSION o. "e
v N, Losses and bankruptcies Of that year might &c so
49,, on, actual pressure. The instant IL was found
a., a. Ian, Of redeemable bills would be tolerated IN the
community uumberless banks started by mccoy persons
and o.t note, issued the whole Of which were ooro ~
m. cer,ou. issuing them, under the pretence o. c
tie, 10 the planter getting his crop to market Inc 0i
thus no, ;a,o the hands bank has in many instances
a AID IN. West Tor the purpose Of monoPo
those supplies which the planter stood IN need
oe, wer, the basis fresh credits that cannot now DC re
allied.
Tn. plaster having been aeeced BY the deprecanea o. IN
received his cotton has aot the means OF pawn
newly contracted debts and the operation rebounds upon u
ha,rinr contrivers of the swinde The institutions IN IN
ul are al last awake TO the dger In which they stand an
,.pdly eurtaag their circulation and mady accnmusin
ec without seeming to know that the more specie Is aver
"a from central financial point 10 the proportion are
weakened The equalization Of the currency ~ rtr
s n more valuable will socs place Affairs on hr. fso'n
:. -ssh a construct a better system for the future
sale. nj she stock Exehange.
an. m.rce ,po-lOs Dry Dock elbA5, 100 dc 81
a "a a. so Mechanics Bk s2l-l6Frank Bk Gin 20
,o nsl Hudson s7iso 100 do 70 do oIa 30 Do Csc
a. ssle "a a. ssib3-5 Ohio WIS scksnlrg wv
s0dos al. rs do 3astw75 Bk OF kentsc oss 70 40 ~
10 Canton a. a. do a6sso 10 do ssic-so Mohawk 10
$500 % do $3.50 X e6c % 90 oI 20 S'asnsu
Ss, "a do 26sia so 25lc50 Harlem anw' wv 90 sS
a-.ao IN Al x7.3o so 10 l7a3a l25 do 4ac w 40 se
Il aolao Al A. AalhHN.