Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1839-05-28
BANKS OF ALABAMA.

Nov 1851 atsosssi ,ss,o sSsSS s,1os %.
The bank capital was increased from 1886, when was
e6o to its present The loans the period
have increased the larger proportion Of which was
upon paper and net created oy the oP
ration, of trade. This operation resulted bank debt
Of about dss BY the citizens to the banks Liie
all uyey cropgrowsg countries the only means OF set
ting this debt lies in the crop TIL" amounted in 1885, to
800 so7 bales equal value Si2 ss2sso The imports iAto
Alabama are estmaeda S consisting Of dry goods,
cutlery groceries, leaving but very small surplus towards
meeting and qudating the bank debt This debt has been
aadod upon planters BY the nsdiseus course pur'uede
the banks with regard their leans, after the suspension In
1887 The remedy laid down by Mr. Biddle was, al
ways ready to resume but not rcsuming Time
CURED united with economy, to alsw the crops gradually to
come forward This wholesome advice not however, fol-
lowed resume institution pursued
falls. policy like the Mississippi banks expanded their
loan, the above table indicates thus encouraging the expend
ur,s Of planters while the time they were nere.
inc the rate Of exchange which 10 cent
asap, them This fact the popular caor against
their continued sperson until they driven to the sale Of
further state bends a ofncreasng their
Accordingly about Ss00o0oo additional state bonds were
distributed among banks and partly sold The proceeds in
creased the specie vaults about 81 and the st
January 1882 all the banks resumed except the branch at De-
eaur time first apparent the effect which passing
events had upon sale ofstoc and the suspension of
actions cut off the Of the banks and shortly after the
branch Mobile and also Huntsville suspended and the bills
Of thee institutions form the circulating medium OF the
state the whole which than rs Of the
amount Of debt due the banks between NO" anu we s'o'
August
The bonds OF state which their banking operations
based have twenty thirty to The state has
uppo.ns due and maturing all good realized profit
OF by banking II is therefore, evident that with
,k and udcious Of OF the Affairs Of the
- GA. ~.s- 4 IT,.
Of her bonds many year, before they fall due This only
be don. however ertng policy which should
have been abandoned that Of rigid system Of curtament
and at the same time humorng the creditors sn such time
the crsp shall the from abroad Of paying the Bank
debt without the runou loss TO which property ms be sub
ieced BY extortng present Payment This coarse
rendered douby difficult by the opposition elected to the sale
OF stocks in England taxing from the banks their chief
of,ustaniag themselves
sales at the stock Exchange.
Bk Of Commerce Ios 10 do ioal State Bark 1911! 50
re so TO Del Hudson SOL g. So do sol tw IS do SOL
Sod do 50 o IS do co. 100 do so $50 IS DO so go 90 DO
Ohio loci 90 do Ice 80; ~ Bank liei 6 80 do
1884, 100 do iio 70 Nh Of Kentucky Dol 10 Neptune Ma
ISM iol 50 do 1911 do ioi .so IS s,oningcn
10 do s6b3 100 Harlem 80 slo IS do So 90 do b9 so
do SOB 60 ha5 80 do s9t NV leo do 69 go 90 do
50 do seI,w; 10 Utica las; $50 Long bland GOT s.
StOfe Oh Grnde.
Trade the city al this time inactive.
There are large number Of ships port which fad employ
reht. are very low and many vessels have taken id
for csou TO Liverpool In the aucsn line there very little
interest The sales do not shorda criterion o the
AsrrsThe stock OF this article Of both descriptions
now very large being 200 br 1000 Of which
speced The following comparative view Of the recsips
"a date and corresponding IN the two preceding
years from the opening Of the canal IN each YEAR
1887 1888 1880.
Receipt, to Jan. lst, isasl ILLS May 70 is',ee
a" in May, IL, $50 6,56 1900
This table show, larger receipt than in 1887 and nearly
double Of last year The sales pots are not large A.
and 65b for pearls,
WpArrpovr-This market continues active; the demand
GOOD for expectation AID sales last notice reach
$4,000 lbs. at l9cts
Provf<ion Market.
Provisions of all kind. continue exceedingly high There
has the slightest decline since our last on any desep
ton Al Upper Balls Head the demand this morning vac
very dull There were three hundred and fifty beeves offered
OF which sales made at $40 90 to s3 per ewl rive
hundred and fifty sheep and lambs were brought
disposed prices ranging from ~ 90 10 - % thVwo
out Of cows and calves in market were sold az
$40 20 $50 Both markets dragged pretty heavy today ana
the quiet Of the several downtown provision
markets. we should think that they would drag sun hea'er
One hundred beeve do nov easily supply we eossamP
ton per week there appears 10 be slight decrease ever,
Beef has been ceiling BY the pound At ~ 10 ~ cents ana
other the ratio. Habut sells AZ ~ cents les
strawberries and such like Injuries, arc exavagsnty GEAR
We obliged to pay last week ~ oe per ershel TOT peas
IN the pod.
CO. THE CONSCIENCE Of cases marked TVS and
900 Horns per ship Mississippi from New Orleans -
"a III hia adj dress with