Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1840-12-24
HONEY MARKET.

Wednesday, Dec. 23--6 II. VI.
The news received yesterday has apparently had
very material effect upon the market yet. The
eisl affairs of England evidently revivng; So
nov ever, the credit Of the American borrowers in the
London market judging from the tone Of the leang pa
pcrs The Morning Post, and the Times in noticing the
arrival Of more stock negotstors by the President
ton the public against .mbarkiug in the Wild speeula
ons that those loans based The Bank Of England
also views them with Jealous eye. The London Morn
ing Chronicle, which notsrious in the employ Of Mr.
Jaudon, alone defends the bank The Of the
bank, which published yesterday, is very generally
ride ulcd, especially the sbsurdy Of making sur.
plu, Of s3sOooo by counting $500 zoe due the
bonss amosg the assets The eject Of the publca.
detrimental to the bank American stocks have but
poor prospect for favorable pegOtatiOH. France Is
stated III into the market for cll 600 and Eng.
laad also for large These III have priority any
other It ho~evcr for the interest OF the English
suseurer prefer American loans 20 others the pro-
ceeis gensray transferred in the shape Of mrnusc
tured goods nnd vhou any other credits than those ere
sted BY the sal. Of produces large import Of goods
cannot be expected.
Tn. stock market to-day .,inecd features L s.
Baak improved per cent, n. A. Trust and Banking Co
n per cent Delaware AMI Hsdson per cent vleksburg
declined per cent, Harlem per cent Long islsad per
cent Sales Of bills Philadelphia made At ilali
discount; Baltimore lsil Mobile, 5i.si discount.
The rate cf oregs exchange, have not varied material
IT, The rate on London j, SIS Paris f5l7. There
is still some little demand for specie for shiPnsns to
France for particular kisd Of dollars
The Legislature Of Virginia have ordered invesga
ton into the conduct Of the President Of the Bank Of Vr
gna IN reference the immense losses sustained
bv that insution. Thi, Is just The President Of the
sank was highly eulpable for his neglect 10 suffering az
fairs to b. 50 conducted say the least u IS high time
tina, person. holding the responsible Office Of conducting
uc-ed issuOss ssssld be made to feel that they are
legally responsible for its NEUTRALITY-SUSPICIOUS. prevsen
feeling among our Bank Presidents h ridiculous fear tina,
they should he thought to- be acquainted with the de5'
Of the Bank. We have frequently been amused with the
e,pre.sou Of face with which some innocent apple
has been abruptly referred TO the Cashier for matters OF
detail connected with the daily business Of Of
banks This feeling should not ,Nis Tn. presiding Of
scer Of an n,utos should be acquainted with its mimi
test details and responsible TO the stockholders for any
| ssglcct ofthcir administration.
The prospect ofrssumptioa Ia the south is yet problem
.cs We would call attention TO the letter Of our cor
respondent in New Orleans which will be found in ano
Their column gives the state Of public feeling there in
rcgsrd 70 the resumption Of the banks Il Is opposed by
those that have already accommodations from the banks
aud b, those who hope obtain accommodation iroa the
banks in order control the spring opposition
those no have real capital other aud wish trade
o,she il. natural coarse Under these circumstances,
bigsy probable that resumption viii b, at least de
6rrd in that quarter some months In Georgia the law
compelling resumption the s, February hss become
Law The bill repeating the Central Bank Is before the
senate having passed the House The condition Of the
state currency with the prospect Of forced resump
ton hes been made the subject Of special message BY the
| Governor, as follows -
Etrsvuvt Dtrasrsrsr,
Niilcdgeville, Dec. IL, 1870.
Ge-li,-er Of ne sen.fs srs House Of Representation;
since vour a.embiage the % ulDo, the cotton crop
ofth wear has been generally gathered and the quantity
raised kss fallen sofsr below the most reasonable cslsu