Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1839-11-16
HERALD.


To Apvrnr,,yu,-A bout half column Of Advertisements
Tor this days paper are unssoashy postponed Tor want o.
room They will BE- attended to on MONDAY,
A. Tar WEEKLY HERALD will be Published
this aav At O'Clock; at 10 second edition will b
tanned expressly for che Great Western. steamer.
To car PhiaaarIphia Headers.
Persons in philadelphia wishing to take the
Herald, can leave their and residences at the
General Newspaper Offce, 20Sh Chesnut street, be-
tween the Theatre and Arcade; at z. Benders, IL
Dock street. corner Of Exchange Place. Subscribers
in hia received them by the rail road cars,
about eight hours after their publication in New
York with all the foreign and domestic news, better
than any Of the dwelling papers Of that city-and
cheaper too. In consequences OF which, our circula-
tioa IN Philadelphia has, in few weeks, nearly
reached one thousand copies already. We have yet
great hopes OF Philadelphia finance and morals,
Their women are the lovelie I, and sweetest, and
most honest Of all creation. On. that the great f.
nanciers were so! ss s
state Of lhe Counsry-ConanserciaI- Political,
XIX sc. sc. s.fa
This country is in a strange and anomolus condi-
toa. Politics, trade, commerce, currency, run, and
religion are all mixed and blended together like
human life itself Not only the various Sec
tions Of the Union mixed upin this way-but our
AFFAIR." particularly the mmercial, are deeply in
terwiaed with those Of England and France. Every
fresh steamer is looked for with deep anxiety TO
know il the Bank Of England has suspended-if the
rate Of interest reaucsdf the price Of cotton has
leen raisedif Victoria good health and got mar
riedif Louie Philippe is still his throne Steam
navigation has made western Europe and eastern
America, one single, undivided, civilised country,
infssaced by the like causes aad the same feelings
This being the general view, the next question IS
whar 10 our political position this moment in refer
70 all these interests so far they are connect
ed with English aud French afairs2
In the "Weekly Herald issued this day, our
European readers will find all the important facts
and views full length, every leading point Of
trade currency and commerce The conclusions
are these:- ..t
First--That the United States Bank will not
resume specis payments in two years-and that the
other banks in the southern and western states,
managed her policy, may be included In the
category
Second That the crops Of the United States, both
in corn and cotton, have been for 1889 at FAIR esti-
mate, full twenty TO twenty five per cent greater
than in 1853, or in any former year
Third--That the prices Of the leading staples,
such as cotton corn, Sc, have been falling in price,
crops. and the restrictions on bank issues by the
New York and New England specie paying banks
and that the reduction in these prices have not yet
reached their lowest points, will they till some
time early next year.
Fourih-That the city Of New York, in conse-
quence Of the sound restrictive policy Of her banks,
which will suspend specie payments at any haz-
ard will become, still greater than ever, the great
central mart for the transactions IN all surplus pro-
duce in foregs and domestic exchanges, and In the
foreign trade and that Philadelphia and her inssitu'
TONS will take very subordinate rank in all future
commercial operations, Of sound character and &C.
Fifth-That the exports OF this country 10 Eu-
rope daring ske next year, will be greater in guam
tity though not, perhaps greater IN value than on
any antecedent year.
Sixth--Tnst the value Of all corporation and state
securities have deprecated in price from ~ to 40
per cent under their par valae-that the stocks Is
sued by states whose banks in state Of suspen-
sion are sold i, this city at 50 to 70 per cent for par
value Of 100 per cent-and that the state securities
OF Now York I'D New England, in consequence OF
their sound banking policy, are depressed only fro.
per under the par value, and will soon be
at par, and no mistake"
ssventh-That the future movements Of this
country in commerce, currency and state and corPo
ration securities will depend greatly on the result OF
the presidential ell ction, which takes place In NO
vember ISl0--that IL the administration Of Mr. Van
Buren, succeeds, restrictive policy will prevail 10
certain exten-but that IL the opposition, or whig
party, carry the elections, vast expansion OF ere
dts Of all kinds will be the probable course OF things
even to the creaiioa of q national debt Of S3OO,UV
&C., national bank of 000O 900. asd the asssmp-
ton OF the d.bts equal 20 500 one hal
Of the latter being owned in Europethe latter mea
sure having been suggested by Barinss Co. o.
London and brought forward By their agents IN thi'
city.
These are the general views and conclusions e
which we conc surveying, with broad grasp
the present fit cf action. Up November, 1910.
the struggle IN the systems of currency will con
time II is prolonged BY the political struggle. Oh
the probable termination of the latter the annexed
table will give q clearer view than any words
sorrs oy TINE rsovLr fN
1896 ls25. 1889.
LIZ w. II. ~. LII w.
Maine 9asco 1880 asaso alss< 90 sIs sl,asl
Mao. sa,A7s a72A a. s33 ~ SO <sss2 1890
NH.rp.fs72a s.ass a1.e1s ss9it ~ toe 2s,sss