Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1840-02-05
NEY MAR X + T.

IT. - ,ha, the Pennsyl yana loan had been taken, and
t interest due ON whole debt paid connected with the IA
vorbie Message Of Gov Porter seemed to create little buoy
,nev in Wall street a slight improvement was visible IN
stocks although tha sales small Harlem rose per
cent; n A. Trust per cent; Delaware and HUDSON per
cent; u s. Bank, cent; ston'neon per cent ]Nm'
T. Rank declined per cent and Dry Dock Bank 81 per cent
IT, dclo, in this mentioned stock is owing TO want OF
confidence in the directory We mentioned e"
, there was some excitement the subject and strong en-
.avors were effect change, which was unsueees-
NJ s,.bb.ns who been almost sole manager was cont
a IN with others appears that the Philadelphia loan
ba, been taken par. Mr. Dunlap made yes
teray for advance TO the state OF s'ooO on oeh OF 'ne
n B,,k and such Of the other Banks might unite IN H.
u,n.. which the Girard and Pennsylvania Banks have
,mmsaaey agreed participate to the extent OF 100000
Zach and the interest will be paid II however a'as
no,hinu Let us look at the facts Of the case. Nine
Of The Philadelphia banks have never acknowledged the
scrs.;tv of suspension. The United States, and Ut
rard banks failed because the state stocks they held were
incouvertible. Governor Porter ~ 81" annual message
.,.,.d that the must fail, unless the money was
..d bv taxation osnsbe recommended the latter
by, AT the same acknowledged that the banks were nso
snt In accordance with his recommendation loan Tor
As7o 600 created and could not be Sold because the wiz OF
a. vas clearly for rcsump and the banks IL obliged
% pay their db,s would have nothing to lend On Tues
A. the nsovent banks committee to iarrisburgh On
hyray the resumption bill passed the Houby alage major
SATURDAY s failed and the day the Governor
an, message 90 legislature containing the following
.ar. bsve ftoo rigorous system Of measures be adopt
"a 10 eoerve the payment fhe liabilities OF the banks inme
a,rov Affected in other words. the bank committee
"a, hev will lend irredremabe Of
inc An. state debt hey havs their own time TO resume
h, II you olIge the State must take care
Of itself On Monday the committee returned TO rmade-
h. and ON Tuesday Is announced that the insolvent
~. b.D. taken loan. II " perfectly well under
A that II the bill passes. the Governor will veto IT. IL
worthy Of remark also, that the United states Bank has
,.aye IN Europe 100000 Of state stocks issued IN August
last Cor money pay debts And all that the state has
.,ed credit books Of the bank for 81 100000 which
rurrs IN report money hand large
rou Of the 100000 Saturday spsyabe nEurope,
be rcnted specie, fat which neither The state
,,be H. T. Bank can we'll accomplish at this moment
s,.,susSr or LEsptSe FEArUREs or tHE BtNk OF
p,xS.yv.SI,, rHE saD ISsr, As Conr,REp WIN TVS
N''''' jon lsss Fss 1870 rneress' D'cys as e.;
s Sam 4sss7s sister asa
SSirsul,,'0n' ,.S s5 l.isoo,s s,i,qaO
w h csuntly had occasion to mention the fraudulent
, NJ most notes ny cf the new banks, particularly the
ac;,v Trust Banking Company" We will mention
a. that concern Persons whose names have,
.l !, an, oprration e a machine IN Clearfsld county
To carry the business, they got their notes
discounted at the City Trust for post notes At twelve months
90 the amount of These they reed 10 he agent who
disposed about $500, when they lost ehaacr W ooh-e
ouenc Of the reports in the Herald As the agent then came
,od Discovered ,,, the rcnances Of the money had failed
he then applied TO the City Trust for some security that
would enable him the notes. which was refused Tie was
finally enabled realise about 10 cent ~ So, winch - All
he has been able to get There many small associations
among which Hudson River Bank. that preparing
barge bills fr the purpose Of nundang OHIO
Indiana Illinois, and other states with them for The purchase
Of produce Let friends be cous not to touch
one of them. They ul,er, worthless and fraudulent
RrtUsNs rus sB,NKs MuSr FiRsr MoND,r OF
JsSuARy, 1870, As COMPARED wtrn JAN. 1899
Bonks Bits in cireyfa. Derosifss. Specis. Looms
AtncuturAl,