Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1839-07-27

which, compsred with the reported profit stands thus
Dividend pc, cent on capital Of 4sss,sos 1882
Leaving the nominal balance Of 9l2
and this taking for granted that the real estate and assets
all good their valuation The specie and pecie funds
have decreased S6s The Of circulation has out
the decrease in discountan indication Of the balance
against that section. The decrease in SPECIE above shown
by comparison with the made to the department
the LIST January whereas the reported reduction IN
the circular is ouly $6e25 This is singular discre
pancy under the circumstances.
We mentioned yesterday the maneuvre to effect the ship
Of Of god in order set straight the affairs
of England and the Baak fron insolvency The true
operation his.ast year, Mr. James King and others
Imported speculation bullios brokers' 100000 On
its arrival they got up clamor for resumption In order TO
force demand for it, The operation failed, however II
pears that the obtaed from the Bank OF Esgana
on the Judgement Of certain securities She being s,reiy
pressed BY her requires Of Mssrs Prime
Ward King, the repayment Of the gold, and has
already been privately shipped the last few packets II
necessary raise 81 100000 fer shPmea. BY
the let Of August To do this they have gone pompousy
round to the Wall press and under cloak Of great wis
do got up proposition ship SPECIE and then went to the
banks propose the silly plan into effect
thereby enable them to carry out their speculation The
are however, hred and too we'll managed we trust
aid any such wild movements Of the bullion brokers'
banks in situation 70 part with OF their
specie the present moment neither do creumstances
quire mporaons OF merchandise have been limited
with EXPORTS and Notwithstanding the
quantity produce held there very great demand for
change at greater than be supplied readily
Mes Hoford Brancker Co offer to draw at the current
rates any amount the u Bank ass drawing extensive
IT, At the same moment held and in England,
produce to Of nearly $50 amount which
the market prices would rapidly dcpreeiaie erehanss
By throwing large balance In favor The reduction Of the
raw material would reduse the prices Of English goods. and the
geld Of Europe would GIL the bank Golfers for their pur
chase Gold shssld be subserven to trade; II Is the
mere tool or with which is perfected, and when
ever trade made ubeent 10 god the wheels cogged,
and stagna'ion is the result.
independently OF iioreisn relations banks in
embarrassed condition We the midst Of change froa
nas system anoher the currency not only forcing
new channels Il. very nature changing The part which
specie is to the order Of thing, probena,ea and
Of their specie.
The conflict between the and old banks seems TO be
the Supreme Court sitting at Utica the constr
nationality Of the Lac has been questioned, under circum
stances which will lead 10 farther discussion. There also
seems be difficulty in the Of the fuhlnent OF the
Cor redeemng their bills in the city The express
conditions that suitable dcposte shall at all res be kept
with the ming bank II Is stated in Buffalo paper
that doubtful If the banks in that vicinity will sccede to
the proposition Their, doubt OF the institutions
started render them unable 10 make the
required depoe Where many warning elements are In
motion only for city tan Is to remain firmly
sset, and let every thing take its natural course.