Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1840-11-30
lEONEY MARKET,


The transactions at the stock board yesterday, wep
heavy, and prices again declined. United States Bank
per cent? Harlem per cent? stonngton per cent;
cent; North American Trust Banking Co. per cent
Dry Dock per cent; Paterson improved I per cent
Sales ofbills Philadelphia made at ., discount
which is decline Baltimore . discount. Sales Of
state stocks made follows
~ $4,000 Illinois per cents, 20
1000 Arkansas bonds Ell
1900 Massachusetts, per cents lat Bos,on) % est
There is anxiety in regard to the probable aeon
of the Legislature of Illinois, in regard TO neees
say meet the January interest the debt otha state
and also in regard the brought before the Court OF
Errors ofths against certain holders of Illinois stock
The fact Of the institution Of this suit caused many
contracts for the stock % iois being closed n
the London Market to be eed and the credit OF the
state has suffered severely She has but few weeksI
appropriate and raise money to pay install
her debt. Last she in the
ment and saved only by the interference OF those
terested in the preservation OF her credit. She nov
again in the POSITION with far less chance OF being
preserved by the Pcnnsy lvsnis last spring.
similarly situated, and compelled to pass a tax
bill to raise her credit The only open Illinois
il she expects be able borrow the money requisite
the finishing of her state works, and thereby rendering
her past outlay available will be to APPOINT special
commissioner settle the pending lawsuits She must
select who will disposed to compromise the in
Of the state in order to show half the proceeds
Having done this she pass tax bill sufficient, q
least place the prompt payment Of the interest be-
yond shadow OF doubt She may then with chance
of success make application in the market TO- 10
pay the due her contractors and to flsh the pub
lie works
The Merchants Bank has declared dividend Of tssr
per cen, for the months payable the Of De-
cember.
The Bank Of whitostown Oneida Co has appointed tho
Albany Exchange bank the agent for the redemption Of
its circulating notes
There were deposited in the Havana Savings B.nk Ia
stution during month OF October sais 30, bear
ing AN interest, and ss,Jst 7a, bearing interest,
total Of 357 l2 OF the deposi,ors fourteen were
whites one free person Of color, and three slaves.
In Foreign Exchange there IL yet but little doing Tho
supplies from the south do not freely for ard but
they arc sufficient the demand thus far. The rates
show some tendency to decline-on London or -
20 a 81 50 the & sterling; on France fails f5.2o.
The erslaure OF the State Of Georgia have began the
tulering Of the currency for the with vgor Mo
ny alterations repcals and notifications Of currency
laws are daily proposed Among others, one by NJ Cal
boun TO repeal the ridiculous act Of the last session
s,aininu the banks selling bills Of exchange at
higher rate than per cent. The result Of THIS law -
well known The banks stopped selling bills, and used
their Northcrn funds in Specializing in their o~n balls,
hch they bought in this market from ot rsr cent
discount tn. ais, inst the Chairman o. the Committee
on Banks reported the following till
aAl ia d. entitled an act compel the several hanks
nj this stale TO their respective liabilities IN secsc,
and 10 provde forfeiture Of the charter ch srscrs
Of such may refuse
aBe n enacted Sc That the FIRST day q January
ae, Ills Excelency the Governor she'll hc and he here
v authorized issue his proclamation, requiring that tho
several banks OF this State ~hich have heretofore aled TO
their liabilities in gold and sver shall on OF be-
fore the list day Of February, eighteen hundred and io1ty
one resume me payment spsos, u every NOTE bill,
drsh check or liability issued or incurred ~ hes
and any ofssd banks shall tail or re
fuse 10 comp, with and perform the requirement
roropv then his FNc.lency the Governor, nc proof
thereof h hereby authorized and required 10 Judi
cia proceedings he Instituted forthwith against such
deaunp hanl superior court Of the county where
the sane u loc aed the end that the charter Of such
bank NAV he declared forfeited and annniiea si that
the assets ofhc b. Immediately placed into u hands
Of receiver under aacquste sec<s" for the tbeht oil
the creditor thereof --,...,,,. :.
his disc retion may employ assistant counsel 70 and The at
ornry General in the Successful Prossc ntbon
OF sch hank or banks aud compensate him or item out
of any money the treasury not otherw ise appropste
And be Il further enacted, sc Thatth bills OF such
d.fsupg hank or banks, shall net be received N pay
n.nt Of am pubc due dues except those cfthe Cep
trail hank OF tcorxs which shall b receivable only in
payment OF taxes and other dues TO the State"
The Central Bank has made her returns which are ~
follovs;-