Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1840-02-18
MONEY MARKET.
Monday, Feb. ls--G u. NJ.

The report forth by the examining committee Of the Man
haitian Bank generally regarded palpabe attempt
humbug The evident desire manifest in it to cloak and
eonce the real of the affairs disgaccfu To all those
Neither the stock holders the pubic ought
to satisfied with for moment Mr. Jonithan Thompson
the othermenbes ofhe direction 10 themselves Ell
Their make to dssyow participation
that which put forth The effect Of the statement
the public mind evident in the fall Of the stock 1881 asked
Saturday is eagerly taken to-day, being fall of s.
cent There ready sellers seller months. All
the holders apparently trying from IT. as II ~ not
considered worth accord AZ TO the report made
by the committee II is stated authority, that Mr. John
White Of Baltimore who conducts the dery in that city,
the profits Of which Mr. Campbell White and Robert White
participated il large seller ofhe stock Of init,
nations received from the cashier.
This most infamous proceeding and deserving ohe SCI
yeres condemnation meeting Of the stockholders shoud
be called al once aol committee OF impartial men appointed
who will make elem and just statement Of the true position
Of the Bank II Is but afew weeks SINCE that ia consequence
Of aoa 10 the discred Of the schuykl Bank Of
Pennsylvania, committee appointed 10 cnino it,
don, which committee made report similar to that made
Saturday by the Manhattan Bank Committee The effect
lu spcion in the public minl and when the eSlo-
sion took place. the committee being examined before The
grand jury in regard 10 their fraudulent report stated that
banking rules did allow them 10 examine into all the ac
counts consequently frauds 10 the amount of millions
undiscovered by them The stockholders Of the Manhattan
Bank themselves to the pblc, and 10 the honor Of the
city 10 institute such an investigation now, may possibly
prevent similar explosion here. Why - there no inrestgs
the OF the Dry Dock Bankl What amount Of
II stated that the holds real estate 10 TIE amount Of
S2soooo and mortgagcd 10 the amount Of S20c0o to the
Baltmorc Company. All this needs nyest CATION. The
law regard the liabilities Of directors does not su
eicaty well understood Ia order to set the public right in
the natter will eve the following decision OF the Lord
Chancellor Hardwick, which Is contained in Ayn- Reports
vol II similar TO this Of The Manhattan Bank
being company with banking powers, and large losses had
incurred in Of the inudcous loans Of the
CASHIER without the knowledge Of the directors The plain
s the red damages against the directors the
following grounds via; that they gully Of breaches Of
trust least Of such rapne and negligence Of their
DUR and repeated that IL will amount TO breach Of
trust In regard the liability Of director for nonatcnd
ance decided II persons guilty Of
rross and leave the entirely to
others they may be guilty by this OF the breaches Of
trust committed BY others" by accepting trust Of this sort
person obliged 10 eTccweh Nth fidelity aud reasonable
diligence; and il say that they had benefit
from III but that IL merely honorary. M inquiry
before the MASTER there should 70 BE- sne ncgh
IN all Of them by which complicated loss hap
viii determine that they not the guilty
This the decision in the English courts, and there IL
inner OF doubt but that il is law; and We recommend al
oetholders who suffer by negligent officers, TO them for
damages There is other way TO check the corruption
which stalking abroad In other stocks prices have general
" impro'td Harlem per cent; stonington yer cent
North American Trust and Banking Company percenti Del
aware Hudson per american Exchange Bank n per
cent? Cor aana bonds was asked and es offered; Mohawk
sod at 81; dividend offered which Is equal 10 70,
an Improvement Saturdays priees
The news OF The salty Of the Liverpool packet which
wal be found IN another colunn seemed relieve good deal
o" sneyand cause atc more buoyanoy in the market In
uhcdrrent msney there IL material change and domestic
ois remain without variation In sterling bills there is very
ittie doing The rate be quoted ss the
pound sterling The Havrc PACKET which sailed to-day has on
board 100000 specie The following addouar
turns q The banks under the general aw Of this state.