Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1840-02-08

trace the of the banks of the cities will take the
following table showing the of the New York Banks,
the sound Philadelphia the broken United States
Girard and 5chuylk banks
CivSfN York Banks % Pa Banks Of Pa
increase, 3Af3So2
Specie increase, 1853
Circulate decrease, sos i,a7ssle
Deposit Increase, Increase, ,.,.,. l,ssS'7a' sas,,s
This table shows very clearly that the of the sound
banks of and that Of the New York banks has been
Identical allowing for the difference of their sphere of
Having pursued this policy and feeling themselves in srcng
position last October they not little surprised at the
abrupt requson from the IT, s. Bank, that they should
pend. 1t vain that their circulation small The
IT, s. and Grard Banks had filed all the channels Of circulation
with their notes These, therefore, constituted the principal
part Of the deposits of all the banks anil BY continuing to pay
specie when the bills in their possession nconvertible
impossible They in the tolls and were Obliged to
STOP The New York banks without the charmed circles
and laughed to the power of the monster.
The sound Philadelphia Banks have pursued their former
course the hope that the Legislature would to their
relief The broken banks have pressed their ms ency
conscious that their only of posponng the explosion
to drag down the state with them This they have
ceeded doing, and ylvaua overwhelmed bank
ruptcy The other banks finding suspension tolerated. will
vie with each other in their issues and run race in discount
ing The discount paper currency must naturally in
until like Mississippi becomes indispensable, and
the people rise in their might and subvert the whole
II matter of great rejoicing
that the IT, s. Bank had been enabled to borrow in Eng
land II of JOY that the state of Penns
has been able money of that institution AT Harris
burgh the 5h message received from the Governor
nouncing that the loan had been taken follows
By the United States Bank, Ss7o0oO
g +" (;irard Bank, 100000
Z" 4" Bank Of Pennsy yania, 100000
$4,000
The further Of S4Ossl waiting to complete the in
terest due on the instant resolution adopted
at per for years, pay this
this way ball continues to- increase size While Pennsyl
oundering her debt Mary land pungng
the difficulties appears from the report of the Com
WAYS Means the House Of Delegates that the
appropriated to the benefit of the public
works has been paid proceeds of bonds Sold nowh
standing Mr. John Duers denial of the fact Mr. Thomas the
President the Chesapeake and Ohio Canal Company has
tilted the House of Representatives that the company Will be
unable meet hereafter without further appropr
their benefit by the Legislature The interest will
fall upon the the of S25e0o TO meet which,
there is resource but taxation.
every hand disaster follows disaster The general Go
also begins feel the pressure. The President has
addressed Congress- enclosing report of the Sc
creary the subject of the construction which has been put
upon the laws affecting the duties linens, woons and cot
the effect of which b to diminish the Of
The Secretary that the losses thus far sustained
$4,000 He having declarato law passed
sen the rule clearly for the future and also recommends
take the present opportunity require duties articles
that Free which be taxed without infringing the
Compromise Act and also the revision of the act authorizing
the remission of duties rail road ro which has decreased
Another nrosd the revenue the
of has been made by the of the du
ties the fire in He further that any
legislation this subject will be too late to supply the
date of the Treasury which large for the redemption
of Treasury notes in March, and to pay PENSIONS