Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1839-10-24
M d N E " M a IL * X Il.
"wednesday. Diet, 23-6, n


commodaons not for the pitifu movements Of the
Uued States Bank purchases with their notes. such
camille paper they dispose Of for the paper Of our Banks
which, when obtained, specie Immediately demanded For
this purpose notes have been largely used
whether with the knowledge of that gentleman or not time
will assuredy explain. Some little change has been made
today redemption The following the pre-
sent arrangement almost useless to quote there is
constant change from hour to hour.
The following is list Of all the hanks whose bills
redeemed az the State The Bank Of Utica the Oneida
the Ontario at Utica redeemed per cent and others
at per cent
Broom, County Bank VALLEY Ontario s Branch Bank
jefferson County Bank One,da Bank
Bank Of Monroe Bank Of Utica
Montgomery Bank Albany City Bank
The Merchants' Exchange Bank redeem the following at
Mohawk Bank Rochester City bank
Rank az Auburn Bank of Owego
RsaL Of C3.ueAa Lvington County Bank
Utica Branch Bank Bank Of Albany
The Leather Manulasturer Bank redeems the following at
per cent
steuben County Bank Rome Bank
The nee. following banks redeemed at the North
American Trust Company, at par =
Orange, N. j. SIS and over Farmers Hudson
Farm'rs and Drv's, at somers
CowDsre;si. Troy, Merchantsk Farmers at Ithaca,
Delaware, at Delhi Bank Of Syracuse
Genesee County
.
The bills of the Of Buaois redeemed at cent at
Shr Office Of Drew Robinson Co. So Wall street.
TIE Cayura and Herkimer Banks redeemed by J. T.
Smith q Co. at pc, cent discount
The notes OF the banks Of the Of New York, not
deemed BY special agents this city, may be set down at
per cent for safety fund.- and the red back notes at
Aa5
The comptroller has given notice that the interest ON the
city stocks will be paid on the LIST OF November
At Boston the pre- very among the manuac-
Large amounts paper returned from the South
The bills Of City Bank Portland not received at the
Suffolk Bank There considerable demand for money IN
that city Monday and TO extent On New York ae
count The brokers disposed to check at par but the
bank, demanded premium which caused desnnd Tor specie
70 the extent Of SIS The banks ofProvdence had meeting
IN s,tuav 70 arrange system Of mutual exchange in com
uapc with the circular the bank to that effect
III. h.nl. "a Committee Of Supervision" 10
h com,o,ed Of one from each bank decide upon the terms
On which balances settled and the security to be
xven BY banks to creditor banks IN case such course
should become any time necessary.
That the Providence banks receive the bills OF the cy banks
in deposit and payment par and them out without DIS
elimination" ~, =. a., -.
That In accordance with the recommendation Of the ba.k
the banks do all IN their power 20 keep up ne
Gee c;rcnIatisn In the community OF the smaller denomina
tion Of CON- change, and refrain from issuing aeona
That when the banks their exchanges and settle their
balances with each other shall be done ~ II a. ~
notes OF te other hunks this city, in such other funds as
the creditor bank may accept -,
IN r. sumption ofspecie payments. !,
That all the dealings Of the banks with each other and with
all persons he conducted with liberal spirit Of aceommosa.
fian and forbearance.
There il appareny but little change Philadelphia II 10
by the bank that Jaudon had positive nfor-
nation b, the Hvre packet that the Rohschd had covered
he bills protested BY Ho,pger Az Mr. JaodOn was in Lon
don ON the 2 Liverpool led he could not have
written from Havrs the day Letters from Havre
Mr. Jaudon In London, and the os"ere unset
tied This was probably the case.
The banks session to day the subject Of the
safety fund money At meeting Of the directors Of one
institution IL agreed 10 receive and pay out safety
fund money provided the other banks came into the mea
sure There Is little probability Of any arrangements be
ing made The city banks cannot receive safety fund no
p,y on deposit without increasing their specie liabilities
which they just now, in condition 10 do, and TO re
eeve them as special deposit would remedy the evil Tn,
country banks themselves make provision for
their bills. The brokers charge five per cent Cor all no,
redeemed in the city, which rate will be profitable for in
aivdus TO buy up and draw pese This bat few, and
tho.. Of the sound banks stss such have II IN their
power make deposits with the banks here TO meet their bills
On the plan OF the North Of England banks The Suffolk
al NOR. than "a years ago commenced collecting the bills
n, country banks. and sending tem home for redemption
This caused great cutlery resulted In forcing the bank
heep deposit in Bosona system which has ever since
been found work f,vorably. Such sy'tem put In force
now would break down nxmber OF the weak banks Of th
interior and thereby accelerate the reduction IN paper credits
pric.s and bsnk capital which Is progressing.
A. the supensoa goes West the redeemabe and 'rredeem
able banks continue he separated We have mentioned tina
the Cincinnati banks, with the exception Of the Commercial
have suspended fer thirty days. which the time allowed D.
law There excitement there and the New York bank
hold out they will agas the end Of that time III
anks Of Columbus and Zane.ve not suspend. The Ban
fawton has suspended On the suspension Of the Cinein
natl Banks several started or Louisville TO draw re
Gle but we're anticipated The banks Of that place all
pspded with the exceptions Of the Branch Of the Northern Ban
which institution received orders suspend Tor the psssr
gHe demand specie small and
eristsd whatever
We see In these continuance ofhe chain Of
vent hapL. from pom, TO point and forming basis
which to reconstruct business after the wreck Of the specsa,
institutions shall have csard away and prices have
ed their loves, points II We take list Of prices Of