Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1839-10-22
l.46o, 3O2 . oes, 2l9
p2l.a2e 2a5.277


This hoss large increase Of circulation, proportion to
IN. increase of loans up the OF the present
year that time great change has been wrought ny he
holding policy the operation Of the new system The Cd
Zee, now Of the commissioner have the bills placed
mar with the city funds WILL In the present state OF affairs be
benefit to community but the effect on the safety fund
money will be- by making valuable than the red back
20 drive from clrcSlaon, and suppant u with the state
cur,y money in the manner that the small bills of
.ghborpg State. occupied channels Of circulation subse
quent to the suspension in 1881
TIL. amount in the State Bank about $500 900, and
although this seemingly not large, yet Il prevents her
from afordns the accommodation 10 her dealers 10
enjoyed by the customers OF the other banks she there
fore suffers By the withdrawal Of than she
cain, b the redemption The other bank, would BY entering
into the arrange OF receiving country funds at greatly
.meor.e the present condition Of the merchants
law allows banks pay out such bills they receive at
TIL. bank. OF tbs city continue undertaking Of
d,eountng business paper for great amount Is
maid in The opinion that they would suspend which has
been entertained IL certain quarters fast losing ground
although desperate attempts made to force them into it,
Letter. have been written BY spectators the banks Of the
west stating banks have suspended order TO create
PANIC and reaction city All these efforts inef
fectu We understand from The hi authority, that Mr.
Butler the United States District Attorney and emf.
nen lawyer Of this city, have, together with the Chancellor
Jointly essmned the powers Of the latter in the
IN. issue Of the banks and to them stay
until the session the legislature the complaint Of any
creditor soehhol5er, or the Bank Commissioner II is
however, that the Of suspension he
~ exercise that authority only restrain reasonably the is.
sues Of the banks This power, FAR the merchants
concerned will do away with the the MARKET which !,
Il supposed suspension would create There Is, however,
scarcely possibility Of such event taking place
The banks Of Cincinnati have with the exception Of the
Commercial Bank suspended for thirty days according the
provision OF the Ohio law which allows ha, time before pro.
eedngs can instituted against them There every pro.
liability that At the expiration Of that time they will again
sumo. more especially hen they find that the New York banks
and arm New Orleans market continues 10 be guided
BY sound banks.
heres inquiry with regard to the condition Of the
Kentucky and Tennessee banh their probable ability
continue specie payments give the following comparative
,,eeus the Union Bank Of Tennessee and branches
The Goth OF Sept and At the time Of suspension May 1887
STATEMENT or Urtor BArx .sp Bs.vcHE..
Sept 1889. May, 1897. Dsereass
Loans, allAeos stsass1 iass ael
Specie, $500 nssss sl'cso
Depestes, l2i.ao sslep al0.47s
Circulation, WiFo i'isfIlo D6,o90
ax.r,~x,r ar rps Bs~x TEsrEssxr rHs s0rp srpr
As COMPARED THAT OF JAN 1892
srps 1889 jar 1850 Inc Dec.
Specie, ss7 aos $4,000 -. saos4
CirsulatIon, I,iosles eos27o iee,oss -
ar N. present circulation Of the Union Bank nearly 100000
are post notes falling due from Jan TO Ans 1890 The bank
az Tennessee has assets falling due In Philadelphia during the
the three months ending Jan 1910, seo and due from
New York November ssesaa cnly These figures
index 10 the comparative indebtedness due BY the south TO
New Yth aud rhlsdelohs arising from the trade Of last