Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1839-11-02
MONEY SlABKEr.
R-sAax. Nov. 10 y VI.

There is an accelerated fall in ths s'oeAs oaSy' "
board sales have been large and IN every instance
s,on;n,o, Harem a N American Trust and Bankin, .,
;s rxch,uge Rank s. Large sales Of corporation bonds
MAD. a. o. and about $4,000 Philadelphia Exchange
sold at IS SSH Baltimore IL H. THIS heavy d-
probation in paper arises from the course OF Inc
nine majority banks which preparing TO resume while
those banks which voted for suspension are rapidly expanding
and currency The breach between the two
,.m. i. rapidly enlarsng conflict must end
~ the resumption Of those able to do and the winding up Of
those which cannot
At the second board the following sales nade:-O
Harlem 80 sat; SO Bank 7s4 cash; American Trust
IS sales Delaware Hudson 43a Sterling exchange re-
mains nearly the same the varying from to 81 per GEN.
tribe Of specie goes forward The packet Philadelphia
for London had $3 000 the packet England for Liverpool
$4,000, AMI the Erie for Hayrs, sl,6oo-making IN ALL
sl9sOO.
meeting Of business held at Colambia g. c. for
objects similar expressed at the meeting OF obbers
this city the City Ho-~hch to call upon the banks
their accommodations other words oia
this proposition Commercial Bank returned the same an
aver did the York banks under similar rcumstances
that is that would sustain specie at all hazards
The have therefore little to expect in that
quarter The Branch Bank at Richmond Indiana, mas
suspended The State Bank Of Tennessee has also given up
The branch Virginia Bank at Buchanan however, sti
continues TO redeem in specie At Cleveland Ohio
srecie is at the premium fact which has caused
pension of place. This Of things cannot
last The receipts Of wheat that place for the month OF Sep
TENDER 900 bushels and the stock hand 2OO0OO
bushels immense quantity Of all other descriptions OF
produce This find its way New York, either BY the
way the oy way Of New Orleans is estna
ted that surplus wheat alone Of Michigan indiana and
Illinois W II be Is 100000 bushels 1900 900 qrs nearly
equal deficiency Of The whole crop of Eng
land double the deficiency Of the wheat Of Great Bril-
tain Tn. irresistible power trade will settle balan'
The following communication appears IN Chicago pa
per- which appears that the Illinois loans have been Ia
KEN We fancy Misrepresentation on the sub.
jeet. ,o.o
Dean s.-Ihave had interview with the Governor on
the subject Canal ne has given the fullest
that hs will do all his 10 prevent supen
the work. and that he will confirm any loan that
REYNOLDS stating tina, he has sold ONE AND HALF MIL
LIONS OF BONDS, subject to the Governors sanction,
"n'e" nave In In haste ED.TAYLoR
At Boston, the marks, very tight and the failure
OF one Of the largest Oldest houses made known
tsrday on change
Ii appears the injunction get out BY Messrs Rowland
and laid upon their note held the United States
Bank was Of the violation the part Of the
bank an the time the given
The facts are Mesrs Rowland Aspinwa obtained
bank Of bills drawn s. Jaudon, Lsndon,
at six sight These bills sent to Canton for
collation. II uncertain when they would ap
pear in London therefore, condition made that the note
should be renewed il fell due before the bills arrived at mas.
rity This occurred Tbs bills not presented in
London antI September and will consequently arrive at
maturity until March The bank backs out from its
don and insists immediate payment but this In the pre-
sent d,scredt which that institution stands will not be
ceeded to- all probability, the bills will not be paid in
which sase the endorsers liable Messrs H A. have
therefore deposited with the NJ T. L. T. Co. the amount of
al. fate of he A a
va Of notes the greatest the mercantile
munty and known Injuries the credit Of houses but
"A this case the bank appears fault her necess
les requiring her to grasp at everything.
The convention Of planters and merchants held
at Macon on 22d hundred delegates appeared Of
whom two only were South Carolina these 0sn1
Jamss Hamilton, and Mr.. shutz Of Hamburg Gen. Hamil-
tou author of the circular appointed BY the
convention city July last to make arrangements
with houses 10 Earope consgument His repsrtto
the ceavention follows:
teg leave 10 report this convention, that have per
duty within the restrictions Of the
above Oa arrival IN Liverpool the 18th
August last lost time In comforting with the following
Msssrs Hunphries and Biddls Prince 4 Fonaine Msly.
means, weathsrby Co.; Parker Z CO., Hoisrd Z Co
And on the s,h September with inc '0''0~ns 00s's'
M..r Delaney 4 Co. papaseur Co, nsr.y, Wei I
To ali which houses, explained fully the MEASURE. which
july last Cor the Of this convention and the de-
49,. il would be expected that they wosd discharEs
under the proposed agency that placing them under ad
vance In fact and merely the acecpors Of b drawn by
by responsible banks II the south at long seh
ould he their attention would be directed TO
The mott advantageous sale Of the respective consgnmens
their and acsg entire concert toy ther
in reference as 10 the interest of those whose property
/, will be perceived that submitting the above Ill Of
houses with the understanding have had respectively with
them discharged that portion OF the duty eonsdsd
40 me- Therefore, the simple expression OF srinon
merely for that every confidence may be
placed in the ability disposition Of the gentlemen eompos
nv ,he.e Firms effect those which now
form the subject Of deliberations OF this Convention u
renaia convention 10 make the selections from the
above hon delegate the rut elsewhere a. they may
deem proper. All OF which respectfully ssb@,,,.d
(signsd,) ''hAMiLioN'
Macon, Oct ~, lsSS
Ths report referred to the committee OF ~, appointed
10 10 the convenos the objects Of its assemblage The
fe-inr resolutions were then submitted BY Col Gamble,
President OF the Union Bank, Of Florida:
Resolved That the convention dscaims all intention OF
wish nv action obtain for American cotsoss, higher
prices will naturally result from the Law Of sun
y And the necessity Cor the meeting OF the
would have existed but for combinations and
measures adopted elsewhere Cor d bling the operation Of
that Law .
pesolysd That whils our habits and ipcInacas lead
10 prefer pursuits well spprsed that " IL
sAs become sseesy employ portion OF our labor
in the projection o cooon yarns, terms which will ena-
bic IA supply the OF Europe. chesp as can be
aoue bv the British manufacturer Such Of
labor however desired by unless forced 10 IN