Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1839-04-03

There are many and opinions aoat win re-
gard the effect the Maine news may have on cur
relations with England the receipt OF .hs h'eigeho
There many inclined to think ha the re'u' W"
not be so disastrous at first feared again. many remain
that most calamtous will follow the arrival oil
The Great Western expected Sunday From the
,r, o our existing with England the latter opinion
vlprobab be In corroboaton OF this view We have
valuable private information from closely CON
neced with Stock Banks and the manufacturing in
tcrests of Manchester.
The following is from the Bankers Circular of the LIST Of
March, ult.
With reference of the topics introduced in the fore.
going regard the sales which have been made
in London Of American stocks-Raway aud state Govern
Bonds &caYorable TO the promotion Oi commerce.
between England aud the United States II is true that the
market has been supplied with them freely aud that there
general Discrimination to invest in OF them exec
the United States Bank bonds the New York state
seck and few Of the Banks and Railways but notnh
standing that dnclination, very large amount Of money
gone exchange these securities and more will 60
This contributes the supply OF the great want eli the people
to business which would otherwise angush and agnate The
such securities has been puncua paid and though
we should moi them to capitalists without cautious
determinations it because they not prove ultimately
secure but because of them OF such description AS
would preclude their ready this coun and ca
ptasts would think eligible to hold things which, when
reimburse should become imperative could not be con
money otherwise than BY sale the United States
We shall take Of briefly descrisng the rela-
tive grounds Of rcconmen dation for these stocks
We here perceive that the main argument in favor OF our
with English cap taists their ready conver-
by times of pressure This argument must be at once
nufed by the prospect Of political difficulties between the two
countries and disposition to sell out created which will pro-
duce disastrous fall in and great influx of securities
for this market which situation to sustain such
demand The means banks and dealers will be fully
occupied sustaining the merchants and cotton holders
through difficulties which await them in consequence OF
the turn taken in the cotton market and manutac-
turing districts of Englaa
The history tho trade during the few months has been
an eventlul one.
The calculations Of Mr. Bijde in holding cotton for high
prices were sngular successful far the interest of the
II Bank was concerned The gradual revival of business
the IT, States such encourage the manufacturers and
the resumption of the banks short time after their sus
pension their hopes higher than the circumstance war
ranted This followed by the large orders from America, ORR
nang as yesterday and accompanied by runors
of short CROP stimulated prices to an unsafe height At this
ms the contraction OF credits on the continent of
Europe causing great the demand for yarns, ST.
muaneousy the orders America fell off to almost
thing leaving suddenly without demand for their
the midst Of high prices of corn and also of the
raw material The obvious and only remedy for this state Of
things was an instant cessation Of labor until the price Of
should come fair This has been done in great
according last advices While the prospects
of the Eagsh manufacturers have undergone this change the
views of our dealers less altered AT the
of season. this country had recovered from
lis prostraon astonishngly short time Based upon the
actual wants of the community trade gradually reyving
the manner when the designs Of certain specua
clanor for resumption and to push business
faster than the times WARRANTED
prospect Of foreign trade determined TO
check the to speculative movements and TO
discourage the mpotaions Of large quantities of goods while
the southern banks poesed thr determination OF holding
back we'll that by pursainga contrary
balance be created against the country The event will
proye the this position and with large stock OF
goods ON hand the prices Of cotton fall the hands Of the
holders thereby taking from the OF paying the foreign
debt
Ino aoury OF The southwest
ertae this nhoJns poicy very strongly doubt
ed all their having been taxed Intellectually to sustain
in premature resumption. We will here give the
condition the Mississippi banks according to their report in
Jan last, they being the most conspicuous in cotton dealing
ABATEMENT or THE MISSISSIPPI BANKS
9rn o. JANUARY, 1882
RESOURCES. LIABILITIES.
Disc Specie. Dep. Gre.
Com Blk Of Nachez 22s2652 S2,36s Col ,294 lis 765
Branch al Homesvlic,
Sheldsboro, 40
Brandon, 1914 6,295 a09oI $500
Canton, 6o5705 4,7l2 4i,7T 10000
u L.l " n RfCf