Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1839-10-08
$s35,oO0
Total insured.

Firemans, 44OOO Georgia, ~ cc ~
jefferson, 10000 H'rtford, ooU0
Thin table that be obtained at
sent The oces have from 80 go days to settle and
that large Of securities will be thrown upon the
market realise the Of payment probably both here
and Philadelphia 81 100000 worth will be disposed Of
This will 60 great in increasing the embarrassment
Of affairs temporarily; but the money will again be
paid out into the hands Of mercantile men, and come
into general circulation The operation will be to bring
the securities held by companies at nominal values,
down their real values The elements TO lend their
aid in reducing paper securities
The emission of u s. Bank post notes dated October
1882 months have appeared the MARKET and are selling
at per Much anxiety prevails in Wall street, which
little enhanced demand for specie upon Banks on
Philadelphia being the proceeds Of the sales Of sterling
bills Saturday The to be drawn for could mot De
asceraDed with amy precision. meeting Of bank officers
was held Bank parior deliberate upon the
matter. The question frequently propounded by fnan
eiers and commercial Will the Philadelphia banks
pend7 This is not Immediately probable, but de-
ponds upon contingencies There but little doubt that the
inclination Of banks both and Philadelphia do
The Of the United States Bank such to
lead inference that her policy to force suspension
here since that institution supplied the exchange
market with bills and drew the proceeds frequently in
specie that banks seriously alarmed and ceased dis
counting This movement brought from Mr.
Dunlop United states Bank had all the specie she
wanted would draw again for the present This resor
cd degree Of confidence nstuioas but
aud the United States Baak shipping specie to England BY
steam packets and the succeeding sailing packet she
the bills Of the Grard Bank which sell under the market
induce buyers and another draft 10 the conse
sueace The banks this city well fortified that there
is little danger ola SUSPENSION unless powerful cause
the South called into action upon the arrival Of the steam
boat
offh i'm ia he
1887 failures had for weeks been taking
place stocks falling; securities of all kinds becoming depfe
caed specie going from with accelerated movement
all these symptoms apparent How Then, however, the
catastrophe accelerated BY local occurrences which caused
domestic panic that c,ose the banks in few days The
death Of Mr. Fleming the Ath Of May, created upon
the ehancs Bank which had hardly ceased when the dis
rdur Of the Dry Dock bills by the other banks caused
manic ana suspension 18th Of May This domestic panic
va. supposed aggravated BY the Of
merchants complaints ,hen now, loud against
the bankswhch at this time in condition TO stand
such an Two facts much in favor Of the present
coud,ios OF things the low state Of the crcus-
s;ou and ths abundance of tho crops which just
coming u IN .rkc These tend aay popular excitement
The dieutss Of the little enhanced BY the
tnac,, With viii III southern banks hold their specie
Instead Of paying iaeir debts with IT, The motive s doing
arises, doubtless the fear that reelamstons Of some sort
or another may back upon them BY every packet
arise between the Of different states In Georgia.
particularly this Of things exists and conflict has been
going on the specie paying and the specie paying
iu,titutions, which latter follows
M.nsee Railroad Bank Capital si S0
Ocmulgee ooowv
These have avasd themselves Of the four per cent lsw
the oper.e,sn Of which is virtual suspension
os the debts due the north sent 10 Savannah aad
Augusta Cor collection and the bills Of banks which do not
nav exchange specie Tor the bs not available Tor this
the Augusta bash refused to receive them deposit
a. IN Of notes. This called forth following rcseu
tou a, Meeting Of citizens Of heean the 23d Sept
Received That in future, under such circumstances, we
.hs not feel Ourselves bound -bey the mandates from Au
s., 70 r.. HS sa .s regard our
ed ssd-risg payment Prsm'.cuous current Bank Notes.
esnated received by the whole community here apar
And henceforh al controlling our paper
and not regulating properly and directly here hut
through usual shall cease TO receive IN any way our
patronage and support
We stated Friday the authority Of letter dated
Savannah Sent days subsequent this meeting that
the Banks Augusta and saysnn ali had to take de-
po.t, the bills OF all ths Banks with the exception Of the
Bank Of Ha~knvile and Of Columbus, resolutcn which
would meet the views Of the meeting aud render nugao'y the
r,oluou subsequent date, however, states that this Is
tyue .pv OF the Savannah Baot consequently the be-
tween the rdeemabes and the irredeenabe will 70 until
results in another suspension, event much to be depreca
t,a The Banks Of section have specie enough and this Is
an, moment to rem useful II should be allowed nov to
follow the course OF trade freely There no domestic panic
or demand Cor gold which would force sudden suspension
tn. ouv demand !, from abroad and this would be checked By
exports crops before the drain reached the point OF s'
hanson Ths Bank. wavsring bews en- good and III
afraid topart with specie and afraid to operate en- u "
AZ basis An explosion must take place some where
where, time win tell
aales af she stock Exchange
s.haes s. Bank 100, IS do 1901 10 do Zoe 20 90 sst
sIod Do l0os0 Commerce. 9si t0do Dry Dock 70 oo DO
~ 30la6 do Leather Manufacturers Bk 1910 9Th ard
900 do State BIZ f00-6O do Atlantic s6 twle5 do Del
Had IS DO h 80 DO ssi b3od Is do So 2sdo s5d 10 do
ss2i 10 " A. Trust sat- do sal 90 DO 90 % do 81 20
40 slbtw g5 do a. 20 do - rs de o. 10 do $3.50 10
vLsburs Bk as sod rs do s2a ~ do sal IS do DO
Canton co Bal eo4 Do Bost Prov lo do lO0i 10 do
Ioe-Is7 40 New Jersey e61e do stoningeI 2ia ~ Do
% blsd Is do al 10 do Harlem n r. 42l 100 do AL
,sod no DO sa 200 do to tw 30 Dc l 42 ID
All tw.
Cattle makes.
Their, ~as large supply Of cattle IN market To-day
r,ces WI N the exception OF those for sheep and lambs isht