Morning herald., 1839-06-29


h;. table shows decrease circulation at time when the
want, Of trade require The growing pressure on
The trading community that time is evinced IN the great ue
crease OF depose they being Withdrawn for business
Had produce lime been left to the inAsence OIL ae
only ready sales would have been made Ter exporon anu
.h r.adv funds thus furnished for the redemption 81 country
would have left the city banks less cramped and check
"a .xchanos which ha. diminished the specie in the
,,t. 100000 since March, This amount went party 70
England and partly Philadelphia The amonn. Oh specie
all the banks of this city 81 Including na'
Nv the IT, S. Bank which may be said to belong more u
depha than this city.
;,.r in its results Cincinnati is the central poih' ior
,h b;n.,, of Indiana Illinois, and portion oil Ken'ucsy
, - hanks Of these states wont to discount to the
ao.rs x,hose eommsdes reaching Cincinnati changed
and were drawn against fer the redemption oil their o
or for the purchase of eastern exchange being the case
much Of the merchandise and other articles anu ne
for the citizens Of that section have been anu WI" con-
tinue to be- purchased points to which very te OF e
produce is sent .oc
-, .sd ,g,;nst that section inasmuoh the amount Of
exceeded of exports but by the avails OF
.h loans and the the eastern funds the banks
have managed to their specie The past year the crops
so abundant had they been sold in the regular course
e no balance would been left against the cosnry
hanks hut here again the Of holding" weighed them
dawn and Cincinnati central point the theatre oil the
accumulated stocks The consequence was dmnution OF
the cv increase Of the country bulls to such
an extent that Cincinnati banks forced TO adopt the
by US the 4h instant to the effect that
ev would thereafter receive only their own notes or specie
Th. will force the speculang banks to sell to maintain their
cdt hut the market for the produce Of The valley of the
Ohio is in southern states the banks OF which are In
most wretched condition; they have also held their crops Ad
arc not in possscn Of eastern un their deprecated
An
take place among the poculang institutions of that
section Their misforunes to draw from their own
v.outh, their may Judge from the following
.,rac ef letter published in the Vickburg Sentinel from
j. Chewnng Esq president Of the Vicksburg Ai BANK 10
d T. Robins cashier of the same institution
aHave you been in the habit for more than two years
If maxim. false to send to stockholders IN New
Ysrk and yvana for the purpose OF decevng the. IN
relation to the true situation Of the bank Did notyou IN
struct Kennedy ookkeeper TO make similar atsmen IN
your absence at you gh not be detected Did not
Harrison pro refuse to sga them knowing them
e. h. false and we're they then signed by Kennedy, and
.ent a, true sements7 Did you disregard order of
the board Of directors and continue to make advances to ~
E. Ford Co. which now suspended debt 10 the amount
Of 81, 20o,soo?"
Here /, preciou. expose Institution which "hold
ING cotton in orler benefit the country at large" The
crisis rapidly approaching and honesty will alone stand amid
the ruins
SaIes at the stock Il Exchange.
rs shares Bank Of Commerce, lol 30 do lolsb4o 10 do
lst 70 City Bank li3t; 25 Phenix Bank el 30 Dry Doc.
Bank esl SO do esw 25 97a Merchants Bank u.s. 20
State 1914; 40 North American Trust Banking oom
papy 7s 25 snw do 49, 10 % IA - Mershant Bank
inc Association ss Mechanics and Trad rs New Orleans
co. rs Delaware HUDSON 72 100 do 72ss 30 do % 90 days
100 do 72 do 73b3s 100 do 72sso 25 do 80 DO 2
s3 100 do 1870 2aw rs do Tat % do 12 $50 do
SO Ohio Life Trust Company io4ic 20 United States Bank
49, 10 vcksburg As 10 do 45tnw, so do 40soms 10 do sac
as do ssA30 Is AL days. so do 43bl0 Is do 26 do
llc rs DO 43inw 10 do 43a Is Bank Of Kentucky Is DO
$500 IS do 10 do 10 do s7sc % do IS 90 days.
Long Island Fire Insurance Company 9s 70 Eighth Ward 70
bso 20 Hudson 7et Cantsn Company 4cc ?: do tonw %
do lobnw 5elc 20 Mohawk 6l.c 10 DO 20 DO
Sas 2s Paterson 6c 10 Boston Providence 1895 20 New
Jersey Rail Road 90 Sonngon 2sb3 40 do 213e3 20 do
273 10 do 27sc 27c 25 do a7tb3O 70 do 2 70 do 2 5s
Harlem 52,sso da 53b3o SO do 52sw o. 10 5anw % dc
52 6s do 52I $500 - do o2! 100 Long Island o.