Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1839-06-28
Sla,a9s,763


OF the and bills discounted there due Of the
state SASH 2l3 60 and payable in the state sat
OF the circulation there h. by the banks $3.50 276 49, and
in the hands Of the public 53s g. BY comparing the
above with the made the Sd ut find that the
circulation STA 2s-the specie augmented
S2ls76 e5 the deposts including dividends unpaid have
been increased and the loans and discounts reduced
SAT ST. 65.
The commercial and monetary affairs Of country
before perhaps such interesting and singular
condition they The wild and unhoy transactions
the spectators have been checked in mid by the
uar and healthy Of After the terrible and
rev OF clique Of Spectators mers and
the like, commenced monoPoxing all the grain upon which
they could lay their hands This gradually increased and
banded ill., with the aid OF banking capital they begun the
monopoly Of grain, pork cotton, lead and butter This bust
enlarged much nearly every bank
New York Ohio together with the State AID Exchange
Of this city, engaged in furnishing to carry
the trade year and more, hey up the price OF
every description Of produce height bat the
OF will greater and terrible revul
among them than before known The great dis
rupon commercial world in 1886 and 1897 created
b, extensive trading and TIE action Of the Bank OF Eng
land in throwing disced American bills drawing back
this country her Golfers immense Of bull.
ion
The rcvuson which will certainly visit portion Of the
United States months have passed. will be entirely Of
different from that Of 1885, II will be brought
BY superior and greater power than that which created the
rcs troubles three since and that and win
regulate the mercantile transactions Of the whole world and
place them and solid foundation There black
cloud the horizon that size every day. and
at threatening aspect II hovers this country
lit extends the entire States Of Ohio and New York and
its occasional mu,erings alread, heard
There at this moment upwards Of $500 900 900 in
produce fall descriptions Of the old crop held by these
very high and since bought they have declined fall, Is
per average Thus already the holders have expe
rrpced loss of Had the, let the four grain and
market in regular and BY the aid OF
banking facilities kept locked m their warehouses;, there
would the black speck which plainly vis
bic from Wall street Coenties slip and throughout the south
and Nor would the cotton trade be in such condition
for bread,tus would have been shipped Eng aud
that country regulated and placed in better
position Coin would continent Cor
grain had the prices of breadsss the United been
down 10 their proper level But is the Bank Of
has raised the Of interest," thrown discea America
securities and therefore depressed the Market
dernent Of all the Southern banking Institutions Conss.
queny the close business has with ano
Our banks, seeing the imp dsg storm the whole
country eursng vigorously Every branch OF business
Is less ersmp.d in consequence and the prices rro
doce rapidly umbng dewn All signs wild speculation
and unhoy traffic in the great and important staples Of this
country viii disappear be corrected the omnpo,ent
osrrector II will ofcourse take time and fall heavily
and terribly the spectators, but will result benes.
cay TO the country The banks will not suffer much, for
BY they have adopted they will be affected only for
short period The operations and developm, nts merit month
will be highly Interesting.
Monday, Junc 2A-6 r. VI.
There better feeling al the Stock Exchange 10 day
North American Trust and Banking Co. improved per
Canton and Utica Railroad The prices Of Saturday for
other descriptions, fully sustained. The movements n
Wall street do no, indicate any thsg ~portant Monied
men and othsrs awaiting the arrival OF the Liverpool
steamer before operating extensively making any movement
m commercial affairs. The by the Cambridge is but
three days later and has only 10 ncresse the anxiety
for later intelligence from Europe.
The first banking association under the new bank Law
Georgia has bees formed Rucksrsvle in Ebert County
with capital Of S2o0000 70 be increascd 10 larger amount
The Law formed with pretty near the same features
" the New York General Banking Law The only differ.
H. negroes We lodged with Georrs Comp
trolsr security. The as bonds and mortgages
Proceedings commenced against the Bank Of Wis.
constr. Al sempt have been made out writ
Of injunction and close up It's affairs
The dry goods merchants in this city and country proba
bly, this IN better condition than any other
five except The ronmongers Since the great explosion 10
spring o. 1897 they have gradually and ctuAy
Cd their position, and healthy state The heavy
importation last has cleaned Of and the
houses here comparatively empty and ready for fresh up