Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1839-05-01

This ha, been bill for TIE Liverpool pac te when sans
tomorrow The of sterling exchange taken has net
beeH large The demand good and the rate mpfoFeu Dcs
. per cent Holders however, backward IN Offering o'
nader the impression that the rate will so sun hghsr ih
be the case to any great extent in own opmlon
There has great quantity Of cotton gone forward when WI"
be drawn the ra gets above par great mum
her bills drawn against stocks will also be thrown into the
market shortly The United States Bank has taken one mn
lion othe Illinois per cent loan at par These VIII douoe
find the London market MoEey continues easy, anu
has been little done at the Stock Exchange '
than Yesterday but prices have gone down very gches
the close of Yesterdays sales Delaware y iudson 80
ded per cent; Bank Of Commerce. per cent? ono Lie
Trust per cent; Kentucky per cent; Mohawk Per oeA'
Boston Proydesce per cent New Jersey H. ~ p7r ~
Stonangton per cent; Harlem Ran koaa zen - = r.
This was in consequence OF an application from ~
Broome street for injunction to stop Inc wofA q e
anv in LAYING their track through that street Inc sfouu "
An. ,nncaton was had never been cedea 70 ne
and therefore they had right to grant the PR
veg, 10 the company The injunction has not been granted
The news from England decidedly Of most favorable cha
rscter The arrival Of the Liverpool in England placed e
Government public possession OF the worst
or border but feeling detrimental TO the mer
camille interests produced thereby The prospects, po'n
for cotton and eur financial relations brighter than
49, !, ! only now that we may be said to have got through
10 revulsion Of 1887 reached point IRON when
we nav start afreh That revusion BY drawing me aeh
az the European public to our affairs, anu Causing " ~
men to examine into resources and means - pay' -
laid the foundation Of movements scale heretofore
Id and Zach dav brisr, with the development Of some ne"
and closer connection the commercial interests " -
v and od world New houses about to be esiaOisheu,
,b oneraons Of old ones and channels OF enter
prze opened to pubc and every side NE see m o
appropriations" , IL
The community bot financial and mercantile, 'ee" - y
busy making preparations for future business On Pa
men
since the branch Of wee Co. about to be esiaou !" ~
,v ana ,l the come, ton Institutions, uader the
general law with London establishments Another 'hu'
is about to be formed scale infinitely greater hah e, "
these 1t is no the establishment ~ this cry ana Lou
don common agency for the southern and
for the purpose Of proec,s the whole planting interests against
the movements Of the Bank England and the Manchester spa
.plon AZ well their connections Of th 'de Ani
Fl measure has recently adopted by the JOINT STOCK o
Tngand for the prot,eon OF their inte estin Lohuo' Inv"
h country bank deposit, with the agency certain sum- " "
own separate protective capital, the interest," o. "he"
ployed in paying its proportion Of the expenses oil inc
ment On the failure y bank keeping account with Inc
agency the other banks any comPromiseo =
the agency in that case o, pays to the bank 50 a'S
whatever balance ma, belong it, This can be mmfda'ey
ascertaned account beng kept separate LUIS - sea
advantage the old anaer which the Lonsoh banker
frequently became ayoe1 NTH las country Correspondent
Therefore in time II pressure, he nore prone to look
alter MS own h'eresNs 'Aht '''S - 49,
r,peu.e 10 the banks l. also much less under the new system
Thus-t,e number Of pryate Fmkers ana Joia' 'o'"
o04 under the oil system eeir agencies e'' ue",
S4oe 500 under system i costs them IoooOo only
The Cotton business o. ,ar SOUTH = u ma ~"
conducted, has placed ne H''''s's = ' P' -.
measure at the mercy d ie agents. w"o 0S'"s
will protect hem'efs' ." "'' " ,.,L. L.
vsn,e OF the cotton owners who ALEC exposed TO me IN
rigues Of the spuners aud ur money power IN ier
The plan Of . eome'ned 'stisN' az" p''Possu' "' =
snon Of the whole cotton interests y one power "
strength and tact 70 sustain = ~ huo'uA''0ns i ~
it. and to give uniformity ana '''"a'ness 70 Pe''
TO exchange drawn asa's't cotton '"c' IN" w. Py
effected by The operations " us oh''e' ~
were followed up by 'h' movements y o ~
want of uniformity oil 'ei''" 'rs'e"' "PO" Wy a
number Of large ope'a'',. ~ ''.'' ~ -,
Pen'e' which mere 'o"'' '''' :, II.
ihs'e az ,;.. - more ar Leo, connected |
shtution', he opef""" = - -. ;n.,;,.,;on.
oreeu' W" - ~ !, i, .,..,or az n. ;,,erc,,. in |
contribute sum Of SlVeVV' lNF u't F'o'ee''po =
Iondon capital OF Ca 600 r thus be formed winch, az
..t.. nfA Mr. Melville