Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1839-10-28
N HONEY M A = KIT.
a-~Aay. Oct 95-0s =. Ne

HONEY M A = = T..
..-S.y. Osl avs, p. N.
The stock market continues s downward 'enoeney' ~
hoard Yesterday morning, sales were small, ans a.
lvn ;,h IN. execution Of the Uni ed States Bank wnicn
- 49,, d. ..m. A. on Friday North American Trust
IA BANKING reeeaed per cent Kentucky and Harlem per
-. .h . A,,.r;cau Exchange Bank per cent Ohio Lite
- IT,. :, cent Sales Of Corporation bonds were MADE
:, .a.cne Of per cent Money was exceedingly scarce,
Ia o .robitaut rates been paid for IT. n "ncrsn'
money mueh confusion prevails Many OF the brokers "s
advantage of necessities Of applicants, and charged
tam, rates There however, who purchase az ."'
~afsty fund and red back money, when Is NOT
city, at 4 to per cent discount
ao.,on IN. money market is represented no better
teadv demand for specie aid to exist New York account
$4,000 drawn for this city on Friday; checA' "s''
..d sold at premium Fayetteville IN C paper staus
that in consequence the suspension OF The South Os
banks their bills longer received oy 'he oAn mo-
place but are at comfortable discount western paper
states that the fspd commissioners Of Illinois, nave
loan of $500 600 this city, which sum- with
of will be nearly enough 10 pay arrsarage'
tractors ~. -.
The movement Of the obbers and sPecaa'er' >. "' '
aided bv the emsaries of the nsovent banks Of
40 produce an excitement and frighteu our oanSs no "
pension has with signal and toiai Iahu'e' ~ p
eeednxs of the meeting held last night will be found Ano
,h coumn The 6rm tone the Of the banks mas
nut at rest all hopes part Of the SPECTATORS a ne
can be forced into suspension The answer Of the osnA'
vas in substance this We have conducted our business
prudeutyars able pay deb and shall do 30 at all ma
ards After paramount duty is performed We VIII 'e
what can be for the nsolvents Ia the same ons W
stion stand all the regular merchants Of New 1o'A' n.y.
Of whom recognises right Of the obbers TO ask the BANKS
Inc welfare OF the community TO sustain
bsnkrupts .
TIL. hanks. aware that the chief difficulties under
h;cL mercantile men in this city have labored during
se past two years, have arisen mainly from inc perm
ou influence which the system Of jobbing and anconee
notes has exercised upon the trade Of the country nave
determined to bring end The regular Importing anu
shipping merchants do not experience that severity
complained Of BY obber and the banks in increasing their ds
counts win favour paper which based on actual trans
action and drawn by on whom they can 0ePeno "
rrompt payment. Under the post note sysemsc meraOy
have the obbers become in punctsay that no note
can be depended upon yment but they Glamour Tor renew
Al right Ne banking system exist where dealers are
-, =; their oavments This malady has reached height
which adm Of no panacea remedy The banks were ne
YER in more sound condition, and when free oil some OF he'
needy customers they will be in much more useiu Po''
10 alto a assistance to regular busine" men.
TIL. United States which has been the primary cause
f all these evils down. and has used gigantic efforts 70 carry
18th her in her fall whole commercial and banking IN
.re. IN the country The utter rottenne Of that concern
he estimated from facts attending the dshenor Of her
note. bv Hottngusr Of Paris II appears that the bank mao
- an one credit. twice. had twice covered them with
,.ble securities The time her bills running very
80 m par;. and 10 meet them made loan to the Mis-
,Ino Ba.k for S. 600 600 Of their stock which was
ad for one half in Bank post notes, and the other
hafn United States Bank post notes This stock was re-
tted to Henguer, the exchange drawn upon them
aid on the receipt OF whi the bills Immediately pro-
tested The result utter and total explosion OF the
whole b.erng system throughout the Union In all parts
the country and dealers who have
mas. note, and renewals will 90 Down with the banks while
on the other hand in all quarters we perceive some nstu
.on and classes s dealers have conducted their AFFAIRS
with some reference the signs Of the times stand nr "n
the storm BY them Such banks Will be- no DOUBT
but abundant are already ~ notion
"a viii soou afford medium ofexchange which will regene
-. badness. From learn that most Of the Ohio
hank, maintain eeie payments, with the following sncep
ions - n,v.o. p.nr
r., erop. Of wheat and pork Ohio are very large and
AZ sound bank, will enabled expand il BY pursuing
N, noey Of dcounsng actual transsctisns and refusing
A. ol No their mean renewing the paper Of those who
cannot meet their engagement
TIL, Gam, .ppearance Of things u manifest Al the SOUTH
az :. from In Carolina Of the banks have
,da with The exception Of few Of the Charleston banks
In the Savannah stand and also these OF Au
,ta with exception Of the Bank OF Augusta ana tne AS
80, Ranking and Insurance Company. The banks Of CO.
lumbus have suspended
Of the BArx or rHE STATE GEoRsiA the 7th
80, :. compared with its condition the lot OF October,
Oct. lssa Oct. 1883 Dssreass