Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1839-05-29

r. a -
nv banking institution invariably exercises tbs sphere Of
n, own ooersous large May be forced cat for
L,r t;s but il becomes depreeated and Conscience
aken the whole returned for payment and an exPlo'
sion
The stocks already has been Issued by num-
Der and independent States each OF which has WITHIN
itself the mean. Of paying its debt and eventually
the principal according the prudence and good
with which its affairs conducted Although the sscuri
ties arise many different the credit Of the
whole is as sne il from untoward event the interest Of
any particular state fails to be promptly forthcoming panic
must ensue which will explosion be.
fore equaed in the annals of country Nor is the danger
The payment Of the interest of such vast must
be provided for suppose that the works TO
which they to be applied, will Immediately return an IN
come will arise that direct taxation must be re-
sorted order the interest There great danger
that carried into effect cause the people 70
legislatures which would rePudate the whole debts ana
cave the foreign creditors without redress
Apart from the prospective result OF the increase o. puos
debt the effect of its proposition by party power a "
immediate influence expected purchasers whose views
are more in unison with the prudential hard policy Of the
oaed ocofoco" party than with the uneounded credit sys
tenn Of the wing party they are therefore more d
uoed to await result Of another election and another Sc
son of the legislature before they extend their confidence to
our commercial operations which have become 50 curlousy
involved in the Of the prominent political parties
TIE this of the capitalists generally may be added the
fears Of the Bank Of England for her bullion AT the
ment of the wear she stood with her Golfers this
has gradually decreased until is $4,000 by the drain
for purchases of The continued sales Of American
began of alarm For the last year exchange
has seldom risen pa balance Of trade being than
maintained by the sales Of stocks
The following the ociaI return Of the commerce ior the
wear ending Oct. lst, tis3s:
Exports l0e4s66l6
p.,a,ee, 5aao7ss
Had the usual quantity Of Gotten gone forward to market,
added sales of stocks influx Of the precious metals
would have resulted additional drain from the Bank Of
England opposition the sales Of stock and
her attempt to deprsciate cotton.
gales nj the sock Exchange.
re y Sa ssi as Ann Bank 81 do s 80 Mechanic
Association s9 so Del Hudson ee3 200 do 500
bso SO 100 do sonw 80 DO ss $50 ds soans 30 do
1851 lO6 so do tw; 100 Am Trust 100 sS 5000 Del
Bonds 90; 20 U Bank lele 200 do 1850 DO 49, so
r;ne In, TO- 40 NRiver Fire 10 Equitable no. 10 do llO
10 Csntrbutiohshp 1905 20 tna 1921 10 Long Island 96 l6
10 d. 20 10 Harlem SOL 200 do 60 b30ds 100
do SO sOds do b. $50 60 bse 25 do 100 COZ b6o
100 do s9 100 Long Island 5o lao do 5os 6 LOO do 55
state Of Trade.
There are sales offered for this week. among which
we notice the cargo the bark Trenton Teas have become
ary scarce, and prices rising Since the last fall
sales material advance is observable IN most descriptions
The amount Of tolls collected all the State Canals from
the opening of navigation to the aad of May 1882
'As rRe amount collected from the 10th of April to
the ssd Of NAV, (iorty-one days. was 2,9i7ol
Ex.es, II 1899 over 1888, sss,oaa 10
Received all Canals from the 18th to the aad Of May
From the l4th to the 22d OF May, 1885, s627s2 90