Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1840-05-29
MONEY MARK r. IT,.
Thnrsdnv NAV 2S--6 II. M.

Wall street is quiet The objects Of anxiety now are the
ceedngs at Harrisburg, the result Of the actions com
meneed against the United States Bank tbs passage OF The
subeasry BILL aud the fate of the bankrupt law In regard
10 the legislation at Harrisburg Mr. Snowden BILL repealisg
the resumption bill of the late session. taken up in the
House Monday action however, taken upon IL
may pass Mr. Parker moved amend the appropriation bill,
by substituting clause requiring the United States Bank 10
lend the required specie its equivalent at per
cent interest pain FORGETTING the charter This amend
nent after a debate adopted, 81 to a. Then the
previous called stop farther amending, and the
bill ordered to be engrossed for third reading SO to 40
Mr.. John Thayer who went Philadelphia few days
since with the claims of the Boston creditors against the
ted States Bank returned having the amount Ssoooo
suit Some few days will elapse before action taken upon
it, The bank will find it, at least difficult to ma
in the required amount On the 23d November last )ud &
ment gwen the circulating notes OF this con-
gave Mr. Caleb Cope OF Philadelphia az
surety stay execution That Judgment gave lien
banking real estate 10 the city and county of
Philadelphia These sold at auction at
cents addwere bought IN by The bank Much soil
eitude is expressed for the result of the present suit
The subtreasury bill wEprobab pass the House at Wash
nson in dag actual operation cannot he than
the anticipation The bankrupt aw makes but little
The influence of the nsovcn banks strong that there
probability law being passed unless they excluded
from its action
While these matters of general import weigh heavily on
trade all sections of the country and the
that exists the southern banks under the ample
shield spread their niq uies by the United States Bank
Charleston banks have recently been guilty NAL in
regard to their exchange operations Charleston funds have
in this market been rather regular at 81 and
The bank rate in Charleston New York has 81 per
oen short sight, all at once however, the banks put up the
rate to five cent and ntimaed that it would
per Simultaneous with this they
here and drew specie to to Charleston instead Of taking
their funds which could be had 81 per Discount
This evidently take Of the
thnss and deprecae their funds that they might buy
them up at greater profit The operation not found to
work well, and they the price bark the old
They must be content with the old rate of discount
The with which the Georgia banks swindr the public
probably the incentive to this procedure We have
H had occasion to comment severely proceedings of
citizens of the south to the frauds the banks practice
der the plea of suspension This has called forth
from the banks to cloak their conduct by
Of the affairs of the State Bank accompanied by the usual
upon the Of the figures transferred them
columns without examination Ii turns out however that the
incorrect showing the depose cash liabilities
Of the banks to be less than they really
tcle copied into the Savannah Republicans and then this
false statement of the banks used Of
the accuracy Of the Herald article Georgian con.
tains the following
"The fact is the editor Of the Herald to suit his purposes
the editors of the Republican, from motive of which them
selves shall be judges, have given currency to the libel
NV happens the returns Of the bank alsied ofn
ssimIar last year by the bank itself The following
the column deposes published last by the bank
also that Of this year.