Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1840-02-24
MONEY MARKET.
Sunday, Feb. 23.--6 p. M


The Manhattan Bank stock underwent further
Of yesterday the closing sales made at S. This
rise the result stock obbng and from increased
confidence in the Bank the part public the contra
Nv little manifestation of the part of
the deposos The Government largest and what
they have in sustaining the Bank they
condition have the safety Of the public funds red with
The public well that under the management Of Mr.
White institution has become involved the brink of nso
vency they therefore disposed easy long
the management continued in the hands Mr. Robert
White quit the the bank sink under the dscre
dit attached to recent transactions The conduct Of the Direct
has also been such that confidence be placed in their
conduct The losses have been incurred by their supne
negligence for which they legally liable make good
losses with their private fortunes II rumored that
pcon of mapracces has for long time been entertained
by many the Directors but they have feared them
lest they should lose their standing the Bank Some
since Mr. Jones the Directors and while the board
proposed and passed usual without comment
Mr. Jones did not understand it. and requested explanation
but received On the breaking of the board again
asked explanation Of Mr. Robert White received
tisacton At the next election, which happened AFTER
Mr. dropped The other Directors the hint and
forbore ask impertnent questions Some of them after
ing been twenty-five members Of the directory
found Mr. White made or three years ago
that they refuse oountenance II necessary that the
stockholders Of all banks should be careful men for D
rectors who will be faithful the they assume and not
fstraw in the hands Of designing ignorant officers
whom they have check meeting of Directors will be
held tomorrow when attempt will bemade N
White In other stocks prices at the board altered very
little
There is evidently crisis approach in the affairs of the
Western Safety Fund Banks Of this ~ The new banks
thus FAR have done little towards business comm
nifty Their means have been employed chiefly purchasing
Safety Fund b and returning them upon the issuing
This led Of the latter embark post other
operations, similar 10 those Of the City Bank of Buffalo which
will lead explosion the reopcning in
few weeks The Bank Of Lyons has some Of its time
drafts Of large denomination returned from anada
This Institution with many Others explode There
great making bv needy adventures in this CITY TO
supply currency Of notes. out Of compassion the far
whose produce they afraid will with
out their assistance. The public should be extremely cautious not
touch any this description of paper The Of issuing post
notes is evidence that something is wrong The object is on
the part those who do it, possess themselves of the proper
~ Of the farmers, forced credit At the present pce,
Of produce IL is probable that the markets will
and the ,rchandze when sold may may not be applied TO
The payment o the notes But the public mo- qua an
that such will be the fact All those that have thus Ear is
sued notes and il has been done probably extent Of
people entirely irresponsible and jority of
way We know facts where of the these notes
have been sued for their weeks board The
6cient the public: that far knowledge extends no
bank possessed Of any real has yet issued any post
notes small denominations The public should avoid them
altogether.
The United States Bank paid yesterday about 900 on
post notes which had been protested aud sued the allow
ed by law having EXPIRED they have been obliged pay them
The policy is pursued sometimes by individuals who
make rule pay nothing until compelled by law The er
yenses attending the operation generally than the
gains The nsution has published another statement of s
Affairs up January $780, compared with the statement of
Novembert, tsss, 10 as follows:-
Barx OF rur UrIrrD STATES isr JasrArr, 1870
As COMPARED WITH rHr SAME ITEMS rms ara Novra
BER, 1872. -