Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1840-09-02

SlsioOos
Notwithstanding these large shipments large portion Of
the Bank liabilities renewed. The same enleaycr~
Ia conceal shipments OF specie then used as nov, 60
mach that now outstanding the utmost eneavors Of the
Secretary Of the Treasury obtain the necessary nor
nation, in TO resolution of Congress requiring
table Of the import AMI export of the precious metals in
which table the above reported he could obtain
only, after much difficulty, through the Of one
the ships six months after the export took place II the
specie QUE Of the country in the natural course o.
trade there would be aemp, desire to conceal H.
hut when nonpecie paying institution exports PEI
of ell the specie held by the banks in the whole coun
necessary further. is views The packet Cor Ilavr.
carries oul $4,000 In specie.
In the stock market the business was not large but pri.
littlo firm. United States Bank improved
PEI cent; Deaw and Hudson per cent; Harlem PEI
cent; scnngton declined pee cent, Sales OF New yors
state Canal S. 1872 made at d. Bills Oh PailadeI.
phia have improved; sales at 81 dis.
Tho SECRETARY Of the State o. rcnnsy yaua hes issued
proposals TO be received his ocs until o'clock, p NJ
ofFday, the Goth OF September q, for oaning thu
commonw for the purposes set forth in passed
by the legislature the iih Of June last entitled" an
act 20 provide for continuing the mpro, of the
STATE and for the payment of the interest the pnb
debt no, exceeding sl57oo0, at rate Of ineres
not exceeding FIVE per cent per annum half early
at the Treasury, or the Bank OF Pennsy lvana.
The bank commissioners Of this now il thi.
city, having gone through The duties Of examining ~.
banks in this city. The results show the course which
has been pursued by the city banks during the pas.
months The following s table Of the leading FEATURES
ofthe ~ city banks
Nsw YosK CRY BaSxs.
to.. jag d ls,o FIG s. lsio, Irereas. Dee
b... , ss1; IS, 500: 90 $3.50. 1917
The banks have been perfectly passive during nearly
yeerpsst They have been spparen,, afraid to move
either hand lest they should precpate the depreciation
of some of their assets Their whole endeavcrs have teen
objected almost entirely to the realization Of those
assets This has been proper correction TO
their ormer by which they into possession
of those assets There is however necessity after ha,
ing reached certain point for the judicious employ
Of their accumulated funds in which shall bes
promote return 70 business activity. This, most Of thu
banks have hitherto neglected. They naturally enough
avoid In descriptions Of paper anoai
the market and seeking Treasury notes and such
securities atvery low Of interest These movements
do nothing whatever the mercantile Interests. The
capital 50 employed does not bring into activity those
springs Of action based the productive energies Of III.
country The mass Of capital lille IN this city, II PRO.
perly alicd by bold active rinjs. understanding the ma
ure Of the sources the cousry lis business wants
scouin very short time place the hole of the sound
business Of the west and south west in active communi
cation with New York, specie basis Operations o.
the Kind alluded TO, have been in or two instances en-
tered by active capitalists with great success The
difficulty in way general movement seems TO he the
management Of our banks Some the largest and nos
influential TO he entirely in the hands of politicians
mon who seem more intent upon party utrigues than NJ