Morning herald., 1839-11-23
"A q N IL ~ m A R X EFT.
Friday Nov. as, n. m.


"A q X ~ m A IL X ET
Friday Nov. 20-O, n. m.
The movements IN Wall street such elicit any
particular remarks. At the board this mcnpg fair
amount Of business dsrs, at prices which show little
provsmen' the of yesterday U.S. Bank ;mpro,ed
cent Delaware and Hudson per cent Exchange
Bank deciaed per cent, Catoo improved per ceut
Bank Of CONNER per ceat, North Am Trust and Bank
cent We requested that rec -n Of
Maryland bonds AT auction only lots actsalI
an average Of 81. The otherswere bought in.
The arrival Of British Queen causes cen,,sued
que the market The tend. ncy southern exchange and
IN nncurrepf msny improve ahousl material change
IN rates place since yesterday The u Bank
turns have not yet made their appearance although prorer
ty OF aiarge proportion sf the susness community Is
ed in the statement she augu i'll fer er con.
dition Philadelphia paper that total Sabies
according to the report pposss have to the au
dor genera Of Pennsylvania, Sa6O00Oo0; a statement
which is perfectly rdcllous The total liabilities of the
bank according It's last returns 800 OO0 Ooo II the
paper the total immediate liabilities. and
dPosies, IL an increase Of siOooooo which ways
encouraging.
An association which called the Clinton Bank about start
ing under he law, offers 10 depssiort
receive the s's Of certain country banks par
mun'y cannet be too cautious these juno.
'ue en- banks are starting and failing every day The new
aw provides only Cor security holders and an matt
~.
stock osbin operation caused a. NJ ~
per cent in MississPp R.iroad post notes at New ore.u
The object 10, by Purchasng to scarcity
ment in The notes then the purc or COT
ton. and will then again dtprecase.
AT New Orleans the 9th iastn 5000 in specie arrived
from Mobile, and 81 900 frcm Wick sburch
The Arkansas banks continue pay specie I'll, r.,u.
sad Mechanics eank Of Frederick Couaty MARYLAND ha.
c'ared sens annual dividend Of per cent slaS csa 49,
ce"eo '~o weeks al the land sales at Mlwauhe Wis
consin- hMN
The subject Of the state stock system i, undo,n,. -
most important which occapies the attention OF the
ssy world We briefly advsred yesterday 10 the prio.rv
causes which stimulated speculation in public vorL. ana ,L
n has reached height which will Isnger s.stsn .elf
There arstwo branches Of speculation which had their
IN legislative enactment, that about to esplod tn.
nrs' the speculation in banks and the or
oans capital incident upon the Of the depos ,a ana
the dissolution Of the United States BAH .. .s...a .,
tuition. From 1888 10 isas
The sincrsasc OF bank capital wss s,eo ooo soo
circulstsor, az 600 OoO
bonds a.d post notes, 100000
TOTAL increase Of credit. asss000ooo
increases out ofhe government dero.i,.s
among 'he banks Of the evers States An suornous se m
prices and sn increased Of imports over
MED this powerful smulrs and a eorr,,ro.d;,~ - I;.
IN England which reached Ieary $6oOoc 900 before an a.,
Poon teos place supported The time and t ara
srAasd the downfall Dsrne the progress Of the oe
Ps"a"on' IN element was IN motion which wa, DEFINED
osh means Of bo'ernris ruins and me time 10 give
anew direction to peculston This was the fxms..
button law which laid the fouadation state sork ,,s
by shord'ng the Of commencing p,a.. . r..
ssrd borrowed money 10 perfect A. those were created
me United states Back became active agent in their neso-
nacn Europe BY which she enabled "a cars
through mat brilliant scs'on Operations Of Mr. Bddle That
operation, however, Afforded prsedea which has ,iue.
m n. h.ml-
state stocks enjoyed 10 England sn ,ns fcv ,,h a;,A
they were created BY state legislatures The plea os ovIe
improvement caused them used as m,.as of ,,,;,.
speculation BY brokers both dcs Of the Atlantic seS,
were created not only for the cenruo. Of wora f raj
uy ont 70 ASSIST and forward these started BY spectators
who lacked the Of going en- who sought !. relieve
nemsses OF the burden al the expense Of state The
New York and Erie rarosd project n instances of ,A 20,
which The state hiss lcansd its credit large amount
stocks thus created hare been mostly taken hs aide
by institutions and remitied TO England FOR sal. The bs
hs' furnished have been used bolster old
un hey have reached amount which in its turn
causes explosion.
The means Of raising money security beps sorr.d m.
specu'atns and bolstsving yste Of the United States B.h
has fslles through, as with II the mean. not only os r.
money 10 complete The works, but sufficient 10 ry b
already borrowed The stocks already created Ar. !. fIo
a no, ss .s"o,.s1' $3.50 100000
Amest required to complete the works '0O'SS
commented, 90 80. -
ln,eiest on amount expended, ~ go oco
The states are thus len with wors, on neir hand. which
can under sristg crcumsnces yield no bs, will be
constant bill Of expense keep then in repair n the
amounts sesoa'ed had been properly managed AMI honestly
appropriated TO the works Cor which they were created
toere |" no dosbt but a proportion or them would BE-
'ame'sn.y forward TO yield revenue but the necss-
sss o. those through whom they have been Desoiasd
have been the cause cf disppoiosmsaa ssd lose The
states The ssse Of Michigan responsible for ssooooOo of
which she has received bat eieoooo The of ssiwa
has "ed near s'a - srd escseo N. hasas of