Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1839-11-28

RI. arLets Much sf the present crop has been mort
.a "a hank. FOR tracted in lass an the process
AZ goes the crop comes into the possession OF
The ,uks either shipped oy them or handed over 10
others the settlement balances and Is then sent forward TO
r a, sustain former operations there and does not form
,h hs.;. IT new bills The Great scarcity OF money IN New
York and Liverpool prevents buyers from entering TO purchase
.a most az ba, which north purchased In order to
... ON Southern fund.- which have been long time scon'
v.rbs There are many plaotsr however, and who own
large proportion Of the stock who will not sell unless put IN
pos.e.,ion Of the New York standard Notwi'h
standing which the Tuscaloosa Bank the Union Bank Of Mis-
pp the Agricuta al and others offering 10
advance on Gotten above the market price These Of
fer. are accepted ny the planters who will not this year.
S dsped with the post system The result Of this state Of
things Is to retar Cor time, the movement OF the crop
and the consequent liquidation Il the northern debts There
wants. however return specie payments on the part OF
the New Orleans sound banks 10 sustain the st
Lou, and fall into the policy u the Ohio, Ptbug
and New York banks aud the fraudulent Institutions will he
wound M The New York, Savannah. and CharestoH banks
viii form chain of com muncation by which sound
rescy will be furnished Cor the purchase Of he crop TIE abun-
dance Of which will fully equal TO reduction Of the
changes 10 its level the cost OF transporting the pre-
ious metals
The ground OF the exchanges and the
great sustained By tie SOUTH has been the pernciou post
soc system which has enabled banks ar,edby irresponsible
men, to Ct possession Of the property Of planters whou, Civ
pr them any Union Bank Of Mississippi start
ed by issuing Of post notes. which al discount
ef9s per cent 10 cay. In the meantime she s) possession
Of ou 10 the OF 500 900 and has lost BY aures
and Depreciation In consequence Of which, the st notes
have no, sad never will he reissues This descp
oo a esrrency yet obtained any degree Of
footing al the and west The public have hitherto been
o rov,c, "a dscounance The United States bank post
have been bought Tor investment but hive not been circu
lated AZ none, hut on precedent attempts have been
made by certain famsrse the public with them
eveauay 90 force them ints ccuatior The following
lis, Of the banks which issued them in this state:
TAsLE or BANKS wucH HAVE CALCULATED Posr Morris IN
TINS STARR.
Del. Hudson Canal Co. ". An. Trust and Bank
Morris anal Erie County Bank,
CITY Trust Company. BANK ofCommerce, Buffalo,
washington Bank, Clinton Bank
Manhattan Exchange Bank.
The Delaware and Hudson post subec Of CON-
pns the last report of the bank comm,one and as The
complaint acted upon dangerous precedent az
fsraea rhl,h the banks taking advantage Of The
new not countenance the issue of any bills except
those payable demand the banks doing business under
IL II Is imperative upon the comptroller to and
check the Of this fraudulent, currency in lie bud
sales nj tho sleek Exchanse.
ssoo Corporation Bend. oi4-0s shares city Bank ioo-7
A al so DO a. 80 do Ga 90 do 81 20 da so do ga as
ala as do 62lbo Dry Dock Bank % w. s0dc a. bi09s
Trut Bk Co ssl do 3s} 50 dc SEA 70 do seas0 Jsr
road as bse 100 do Is b60 80 b 70 so 10 n
Ia ~ dc 10 $50 100 de- TAI 60 de- 72 DO 79 ~
7a ~ DO ~ so sdo a. - 90 ~ ssoco Kentucky Bh 81