Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1839-06-05

sxa.lisr "a oveusats u certain southern
rrs, aspssisa sslI line has bssa evneed . ne
stock ssshsng and prices hsvs ssa. 'sesasa = 80.
,erv issses; large dealers operating for fall Bank
ar dscined ~ per csati Mechanics Banking Asso
i.sses p<r esus Delaware adssn per cent; u Bank
- esnl Castor Co. per cent; Mohawk per cent; rat
ro. IA Der cent Jsrsey railroad per cent; StoniAg
sss per cent, Harlem ~ p~r esst. sx" sA~3
sale or today, BY Bic Co., consisting Of
Hairless prspcy produce good prices those which
we're paid late sale u Eckiord property The parcu
as will be found under the head Of Estate of trade"
The a~ysesios this property perhaps attributable TO
oes csusss isAsense Of the prevailing gloom u
ks~sciai Affairs. tW4s Mt3ssu
The depression e money circles nearly amounted to
psnc IN Wall The the south are already
ola very dseoas.yng naue before the effect Of the European
news Known. AZ Mobile, IN particular the dhcuss seem
Both the specie paying and the nonsPene paying
institsons psssiag rigid system Of csrainent. This
among mercantile classes and
20 great u s complaint Of post notes at II months
has been ssouosed asa neass relief The time ~ however
raised ~hxs hs kanks themselves BY such Elusive
ana deceptive measures amounting virtually suspension Tor
one year TIE general sepste into which company STOCKS
ana .oasrn po ea evidence that tho ys
ss o. longer be sueeesy Perseveea In
TIE bS.ks may seod eouniry with this description opape
sai ks shsss notes Union Bank Of Mississippi, tksy
viii Ia dsp be At discount Of ron 10 10 30 per cent
NJ their doors.
We ~~nsionrd Yesterday that Cincinnati Banks had
mepcsds sy. o. receiving only their notes specie
This p2s called forth on the brokers and country banks
th< opposition that heretofore the notes Of
The Ohio eosnsry banks ard those Of Indiana Illinois, and
Kentucky bsea the brokers Of Cincinnati at n
psr csss discount BY arrangement the Cincinnati
banks viii NOT al; bat have established agent
with capital who redeens them at average of
nsa per Ts arrangement 10 similar to that Of
the Allied OF Boston, and which has heretofore worked
90 besscy for public Of that section where the Suffolk
Bank acts broker redesmng all the notes and sending
Cor redemption, when nc amount acesmaates tso
largely The operation o. this system hitherto has been 10
s.y aspo.on on the part OF the country banks to
specusts IN prsdsc and also prevent the brokers from
specuxsiug IN the hills snsarsy 10 the pssic regular
rsncy The system has been asaed and abused time and
again by both banks and brokers without elect The New
England public perfectly we'll aware Of The protection
which they derive FROM t. The plan Of the Cincinnati banks
will have naeaey, and will BE- warmly supported ~
the public 90 they bssoms acquainted vita h operation
n the mean time the country The wetare sndeav.
rsg all il their power resist the organization o. the project
They are perfectly we'll that Its will forever de-
yre them OF the power speculate IN pork lead bse land
ana groceries, their expansion Of issues Is Beyond
the OF trade and the insx Of balls INTO Cin
ciasati becomes large, the amount sceanulsng 'hs
hands OF the broker will be retained upon them or specie
ipead Of aordng plumber the brokers' The circulation
~ cincpus Bank bills viii ased in the neghborhood
Of that cy Ia proportion the cosny bs curtaled
This il the foundation Of which has already taken place
between the and the country banks opposed TO the
Eve basks The has been the part OF the
country banks which have, through the medium q the se'
and Traders Bank advertised TO sell checks Mghs
on New York Philadelphia, and Baltimore at par Tor siv pa
perr These cheeks heretofore have been sold At u u per
cent. premium by this operation they will become pos
.es.ed Of large amount OF city paper for which the
nc;e will be order 10 abandonment Of
The new The public who interested IN the matter
as they will be the only sufferers should promptly rown down
such We perceive Bickaes Philadelphia Repor
Tar takes the the BROKERS' dc all those papers Issued
=, brelers whose interest promote dsarrangement Of
a. currency order TO tten the discounts At the expense
Of tbs pablo.
% feeling Of dstrut aad Jealousy Of each other has been
.iDce the Bank Of United ceased to act
- national institution keeping the State Banks within their
uoper spheres This view N which the want Of the u
Bank beginning be felt another beginning to be man.
les, in th. market in the growing demand for specie FOR the
x.da trade Last year the demand supplied BY the bills
az Inc u Bank drawn Mr. Jasdon At London sPera
tsu which has now the part Of the institution from
neee growing or the state Of the cotton and stock
market in England.
The pro.psc, Of Affairs quarter very black but
there are elements work which may Jet produce suddes
and great revelation the disposition 20 iavest 10 Americas
securities These those very out o. which, is
Of EUROPE Thur France IN i~missn danger Of rs,oa
t;op the end o. which be fosse In India the
at, Of Russia threaten ceon With tbs British ssss India
movers he troops o. which already 10 notios 10 s
Indus. IL the there also symptoms o political
disturbance These al tending 70 create general
var throughout Europe svery eeaary 81 which rasi&aa
l.ryelv interested a. q stochhoasr 10 The svrst ~ ~as
these securities win beeons comparatively WORTHLESS Ca the
Sr,t outbreak il either so~niry, The capitalists " Esfers
becoming sarsd win naturally their astsntson
,,.r means Of nves,mest The cole q d.s whcA
now entertained against Americas stocks ths qusntiy offered
and propossa 10 created combssa wsth Ale dee
Cotton crop Is our only a psysg Ao.s sas
the state Of the Cotton mkss greatly nessnrs. s ssls
stocks Ths IL true only, however, With The x0.srs s,ss~s
and with them esy certain sssssl To ,sh ssa rals
States Of the west not dsp~sdss ss s ~suls.. price
Of Gotten % rspsynx osss s ts q
works which dsseloPe fros me so Fer fa their salsss
Nor farmer with his hapdrsa a ~hssi l.na a.
dependant Cor vi, wealth So Local r.~nnaxra hsus
These will naturally lead As essysa a Erxnsa
Withdrawing their loans from ths sssAing credits q
worn states or Earops 10 tsrn % M yossx s ~pAmms
led prosperity % ecanty sssnaing sn fspm A..
aster. o. war and rapidly increasing 10 ~ssl a. ssns q
employing safey proasssl. thsf smyAas sspst.i
thes those stocks which neglected ~ axasun q a.
moment arising from hrrsssass akesr. wln ~ s.sssl,
sought aer Americas soek, have 81 Is.y eo. lave ses
cont encs In them MT sseoms sussusl, hr \, lar.
ortine -hsses they The srsi aa-esss n p~n,s