Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1840-02-28

In this find that the course of the L. s. Bank has been
throughout the year. steadily expand The New York banks
have remained the defensive their loans the merchants
ably called in until they have diminished rs per cent The
cash liabilities hsvearrey decreased The banks of Phad
phia apparently followed the
pension, and that time in position than
LIST January Since that time they have rapidly
hind hand their cash Liabilities per greater
than at that time and their means greater The in
the liabilities consists the depostes which,
sequence Of the deprecated state of the currency allowed
to remain by the in the hope that they may be
able realize them without loss This responded the
returns Of the Boston banks where the deposs have decreased
about the amount These have been applied the pay
Of bank loans which show corresponding dnnuion
and the condition of the Boston banks improved.
The greatest reduction currency shown in New York
where the the greatest SO intense s the structure
that property Of the valuable description this
absolutely Unavailable This made strongly manifest to-
day attempted sale. A MIR. De Pugh owns proper
ty in Grand street Of the best description yielding good
and valued $500 On this property mortgages to
the amount of Ssoo Of which Is held by Robert ennex
The owner found absolutely impossible ito money aud
put the whole for the Of the mortgage Without get
ting bid at the persuasion OF the creditors he withdrew We
mention this show the position property This
time when there Is the slightest indication Of any dspo.
ston TO ship specie. Foreign trade IL al stand and large
proportion Of the imports Of last year returning Europe
and to such that the disbursements Of the govern
debesure certificates greater than the
Why, them cannot Philadelphia pay her debts7 Hr 6nan
cers say, because they cannot money from the south
and southwest The they take to get that money
by suspension and rredeemable paper to initiate the values
of merchandise. The only Of payment possessed
by the south and south cotton The OF cotton H.
governed BY the currency Of England The difference
that price production and that which
toward the payment Of the debts Of the planter The
Of production is regulated BY the prices Of these articles which
consumed upon the plantation by bank suspensions
Initiation those prices raised per u Is just much
taken rsm the Of payment IT, therefore, with
specie bas the planter may make Is per his
cotton, Inappropriate to the pyes o his debts
IA. r. Al
thing remains pay s debts Yet plan the
Pehnsy lyana nancers recommending the public the
only way Of getting their money, s..i f.. -s-.--
Now the facts are that but very small o the debts
Penny due from the cotton producers The
ney has been paid b. the planters into the Banks and By them
fraudulent loaned oscuk gamblers and sT~cu
tors spent ID EVERY kind Of villa enterprise The bahk
ROADS land companies aud other humbpgs fiat have grown
out this vsuelo and nconvertibe but they
by cashiers directors and rogues Of all kinds The
tile public now want this money and the gamblers
borrow 1t in Europe hey sly waf till next CROP hopngha
by new pay into the banks, the basis of fresh
goods they will have the of paying the money
they have already wasted. Fl. -. = lJg,,, -....
This is The grand OF rladslphia Suspension. The
boated gamblers char. Of banks who have sunk
the money Of other people IN reckless ssslatobs
the m into rep on the operation The u s. Bank
rc focus ofh.se ansac"ns she has been the eres
Broker for all borrowers ba taken pndet Der wing every black
es that cannot pay his debs ad heaven aud eartto
tain k money OF the u-rch,ns who wonid " they COULD
gladly py their dbs 20 the eastern dealers New York and
the east have paid their the last rthng The
chants have sacrificed ter property and met their liabilities
and doing they have Invested themselves Of the Of
doing business Cor the At the time they have
large locked up from them the pockets OF the Phae
phia spectators. .l14 E. -... 1.ir.t.. !
There was uc,er abundant supply Of produce in the
United States than now abo cheap AMI prices Of all kinds
low. Yet business remains dead Why - 80 because
the capital merchants fraudulenty kept from
in the South And those who them with the most
impudence plotting TO keep from them
years longer Unless the psepsof Pennsylvania them.
selves throw OF the yoke Of these swnders the pesen,
d t ltes prosperity compared with what few months
may bring forth. -- - ~ i.n"r"' .
The antbauk BILL which passed the House Of Representa-
tves Of Msssipp the 9Th instant was thrown overheard IN
the srnste by amajoy ofto II seems that the Sem
ate made an amtndn emit the bill hst neutr1cl al m de-
struetive tendencies.
The arrivals ofpece New Orleans part sfthe