Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1839-08-29
N . n Y m a = kE T.
vaA.s,A.y. August as =. NJ.

in urcss-Del udssn rsceded per cent. Dana per
eent-Dry Dock per eent-N. Am. Trust d. Co. HPsr
Co. per cent-Harlem Rail Road per cent.
Note, ia in Philadelphia, PupOrsst to be On the
Mechanics, Bank Of Pittsburgh Pa; the following dscrip
los letter A. payable to Hall, dated July LIST, 1881
Signed NJ Bull President A Lewis, Cashier Charles A.
Ely Philadelphia Engraver Filling up and signatures same
hand writing This wholly fraud there being such ins
tuition.
Much prevails in Wall Street, that the specie
draft which recently made banks will be repeated
BY the The movements and the pcst on which this
institution assuming exciting the fears OF our city banks
TO such degree that meeting Of the banks has been roPos
ed with view discontinue exchange, with that institution.
The drafts upon banks SPECIE aud the evident
concentration Of specie in Philadelphia together with the d.
position OF affairs growing out Of the last crop nave
led to the belief certain quarters that the United States
Bank is endeavong strengthen itself at the expense Of
the other banking institutions The city banks con.
sequence show much less disposition to discount ana
growing dstrust is apparent IN the ""ncd circles
with all those symptoms, which indicate the approach
crisis change in the position OF anar' commence
entire rone-prces of all stocks Eng-opn'ons on 'he
movements ofcadng institutions are various ana
tory every thing indicates the near approach Of so IN
portant eve nj in the CONNER cial world.
The state of the markets peculiar and the prominent posi-
ton which the u Bank occupies in regard to her former
good ground which to predicate the eeei hat
that institution again making preparations to step forward
and supply the Southern country medium Of circulation
which shall and take the place Of the present
post mote system The u s. Bank has hitherto supplied the
exchange which has kept the rate
below par prevented the expectation Of very large
amounts specie notwithstanding which the Liverpool did
carry out an onear 100000 This fact carefully
shippers and precauton used to prevent
its becoming known. The very fact OF such attempt at con-
number Of rumours to be circulated IN WAN
street real operators and objects Of so apparently
Al .xl. rat~A the
balance 10 IA per cent favour ard against England
Il ba, been .urmised that is ano nstalment Of Prime,
Ward King the Bank OF England and shipped at tins
tine the demand PeremPtoy; by Others that
has been shipped draw against BY certain hrs Such Al
operaton would losing the part Of private houses
The most probable for the shipment proceeds from the
United States Bank. That institution has undoubtedly had
large supply OF foreign bills haud much 20 that on re-
cent ,aket day one Of the Hsue Of Prime, Ward King
with view 10 the institution went in and asked to what
am,unt the, could the reply about ESooOoo The
hl ,,.n .ad e would dec de half hour take il or
not He wa, then told that additional or E6OOeoo vas
his service if he wished. The purchase was therefore not
made. As basis large drafts. doubt the European
assets e most OF the and South Western Institutions
, made over to the United States Bank in the settle.
ment Of large balances due that institution IN tno'e
quarters.
The shipment OF specie by that institution Crews out mo
present prospective position OF the Losdon markets.
eur date specie increasing in value and
possibility say probability that the Bank Of England
would shortly suspend specie which case the value
Of the precious would be much enhanced The United
States Bank therefore, BY accommodating an amount Oh
specie subject its order. could easily make an
a.,crmen for credit Of So 100000 with the Bank 81
England or other Il the leading houses. This sum- 10
the present crisis would yield profit much more IMAM eq
70 the loss sustained by shipping the specie Such crea
wesd cuay prevent any undue dram OF spec'e ''o ~
country while the rates Of bills here viii amply replace 10
the Golfers OF the bank the amount shipped to form that
basis. External drains are therefore, guarded against b, the
"a. on that Of the bank, to sustain
the evidently projected plan Of expanding vigorously win
the opening year at the same moment the action most
healthy other banks, will force them to settle "a
lance and bring their within legitimate circle, pre-
paratory 10 extension Of issues The regular
will feel the because viii be tempe
rary and during continuance, the Of money brought
in by their from the country will amply supply their
present antsand by the their fall impcrtaons are 10
be paid for banks will have sgain commenced expanding
The bulk Of the fall mportaons will fA due IN All
Tn. chief cmbsr the banns experience inc
want OF confidence engensred by the late speculation IN all ae
,rp,ons produce ad stocks neither the banks nor the ca
p,a know whom refor there sle disposition
operate than would otherwise be the case aho~evsr hyh-
IL ,rob,be that most Of failures Of the cotton houses, en-
tending 10 some 30 40 firms in this city, fh'iaiePha
New orieans Liverpool, have nearly oil taken place. ana
the loss in int article being nearly siloooooc before IN"
crowded Tor ~ way
The two gr,a, questions which affect commerce, are the
,,e o the crop. in this ntry and the crops in England
The crop. m hi. country good past doubt and our P
IN. viii be larger BY many millions than ever before There
Ear, having tie material or real wealth, the taie Of the
Ese.o crop cannot much affect II they are compelled
~ take on our surplus crop they will be neeess
at 10 consume tut from The act that We sell
more corn shall be enabled to more OF the cotton
osceive. export Of enrichcs different class o.
etzen. from which experiences the benefit Of cotton sales
our expert. obe large but few years must
ap.e before Nc shi Al nc cotton We can grow
Political airsr u Earope however rapidly approaching
change The public mind in France and England f esern'
aid indicates approach Of convuon both ola social and
,t al nature The state Of affairs in the eastthe death Of
e sultan other which threaten TO dssrb the bal
anee 90 long either rtard or hasten the event
Il impossible tell but any serious failure in the Of
Errand vii, very probably result in civil com.
o.p in which United States will sest the emily asy
Inn Cor the floating capital talent the business and
An. esierprize Of Europe. Such event would
,,., our market. with capital seeking investment
TIE corn crop Of England vital to her interests that
revuons have he'd those periods when
ap deeenc, occurred in the ersp The price corn
ma. always been directly opposite TO The rates Of articles Of
seemingly being governed by, but governing
,bs circulation % country Deficiency in the crop, render
M Il necessary Cor the gold leave the country the