Morning herald., 1839-10-03

Most descrp ptions OF fancy STOCK unosr"s1' - .1.
pce at the stock board this morning Dry Doea
-, n.,.v,rs and Hudson per cent North American
Trust and Banking 2Per cent hsrhn per cent oA"eo
States Bank declined per cent
Asr the board there some sales made iurther I'M
v..r, in ratss Delaware and Hudson sold at SO North
American Trust Banking brought SOL Money rather
..ore difficult procured Some certificates Of deposits OF
the North Trust and Banking bearing sper cent in
and having four months sold at cent
er month"; u bank post notes offered at II eent
.er month"; The failure of large Pearl street house re-
pored The quantity Of specie which went out the British
Queen probably underrated The amount was near
81 OF this 100000 ascertaned to be ac-
Of the United States Bank About $3.50 600 from the
Bank OF America 100000 from the Phenix Bank Especial
deposit English The balance about was
Of various importers aad agents for Manchester
houses.
The Commercial Advertiser its Wall street article, dis
PLAYS most aiaenabe ignorance of banking matters In re-
marking failure Of the Chelsea Bank-an insttn on
formed the general banking law Of this Sase and hav
ing bills pledge Of State stocks with the comp
troert states circulation is small and must be
redeemed BY the bank commissioners from the safety fund.-
This in paper styling itself" Co"nsrca' requires no com
ment
Philadelphia paper denies the statement, that $ooooo o
United States bank New Orleans for SALE
We know that the noes sent to
the Merchant not been thrown upon the mar
ket, because il thought advisable.
JONES' has been elected president Of the Chemical
Bank fill the vacancy occasioned by the death OF John
Mason Esq
The Columbian Company have declareds dvi
dend Of per the due to the creditors Of
that Company the National Bank dividend Of fsur per
cent PAYABLE t,e 10th TIL. Eagle Fire Company have
this day dividend Of cent payable the 18th
inst.
the asd Of September further Of 100000 arrived at
New Orleans Fl en- ST. Louis The managers Of the Missis-
spp Unon Bank have reported to the Executive of that
State that Of Of stock had been secured to
their satisfaction in the mode required by the charter and
have bonds that which have received the
signatures Of the Governor and State Treasurer.
meeting Of the stock holders Of the Bank Of Mo.peie
Vt) was held on 26 receive the report Of the
tee had been referred the subject relating to its
rechaer The original charter of this snk granted in
1926 operations WILL according to that charter expire
on the January To meet this emergency every
effort by the Baek to obtain charter for 20
years This effected the last session Of the legislature
with two in the old charter These 6rst that
the returns Of Bank shall be published every six months
that per Of the gains the Bank shall be
pad into the Treasury and that the institution shall
contribute to safety fund law On these grounds the
tee refuse accept the charter They state that the
business Of for the last five years. not paid
six per the capital employed and therefore they can
neither afford the state tsx nor subscribe to the safety
w.
directed TO clause requiring publicity Of their affairs
They state during the year ending the LIST septenSe
last Sa2s 900 crcu aen redeemed at the Globe
Bank in Boston, tho and only their counter
and therefore necessary keep most of their funds in Bo
ton which spPrshended would excite suspicious in
the mind Of pabc, should to their knowledge
The committee recommended petition for extension
o year. for the purpose closing the concerns OF the
bank
Gxrtki in hts
br,ne,. fthe situation made public, is
insult to the comasnity. The public not where the
funds are situated the bill, they hold sae all the bank
has to returns s that its circulation well pro-
vided for s bill holder SAFE There s NO chance
for erorban ssues wild pecslaou where frequent
turns are made should be insisted in every State in
the Union The Bank England obliged to publish its
quarterly average osy The public and the business men
awzys advised Of the state Of the circulation and
the bullion the bsnk Such arrangement should De en-
forced here.
Liverpool has II days. and the expectation
her news viii be three weeks later than thai BY the
British Queen begins exert its influence upoa the market.
tn. .rv.i, Of the Great Western British Qseen
marked by great changes the markets, and increased ship
ents Of specie latter have assmed serious ssPec
and lead TO the espdeon Of what the state Of affairs
the last dates and what expected BY the next steam
boat will rceecsed that to the arrival OF the Great
Western the MARKET sterling bs suPplied chiefly by
% rendered creAsr bank, the balances were drawn in
.peee and subseqsesy shrPed 70 England to meet the bills
~ .h,cs arrangement the bank suffered loss 81
cent.
On the arrival Of the Great Western rumored that
M Jaudou had been obliged seek assistance from two emf
London houses order the bills sent out upon him.
AR, ..me time stated that the agency Of the bank had
,.fu,ed By Barring Brshsr unless expose Of its affairs
80 made with regard its connection with the soshern
ba.L and the issue post nodes This refused and the
,ue, vas not xed upon. Th rumcr was the cause Of
400 share. Of United States Bank being thrown upon the mar
A on ac ,ount Of gentleman Boston, through the hands Of
Prime, ward King tina, period the hank has drawn
- hills. but has been an shipper Of con This oPe-
~ the same at dates which the Banks Of this
CIV propo.d to ninety days Much anxiety Is evineed to
lor xbs, will be the kna result Of these operations.
The situation Of affairs England not sneh as to wa
rant the e.pctaon OF verab news the harvest was in
deed better bot the drain Of gold had not actually ceased At
Al, .,m, time Il was well that extensive contracts for
cor. hsd NJ en- made on continent expectation that the
mice. would RE. TO point dsy These contracts are to
NJ ,rovded for On the continent demand Tor coin was ra
dy ON the The preparation for war by the ku'
sovernn,st caused demand extensive that the rate OF
interest al Hamburg Paris and Amsterdam was constantly .
s The price. gold these three points always levels It,
IF r,hin per eeux This apparent IN 1880 When the
Ru sian government made war upon foand gols e Ham
r. n Tha S~