Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1840-03-09
MONEY MARKET.
Sunday. March $40 p. M.

The Manhattan Bank quite demand for spece
yesterday Upwards of 100000 vaults
by deposers. The developments and the shutting Of
the committee such that confidence in tn. nearly
At the last report Of the Commits oners the bank had
bills out TO the amount Of ............ S2o7 sss
Due Depostors, 6isss7
Bank balances. ACKNOWLEDGEMENTS. 1851
Total ash Liabilities. ....................Iss23
To meet this she held specie. ............ 5ssso3
Balance. ........ ....................I,2.sAa
The T. government has priority claim for its dess and
the deposters already alarmed The bill holders
collect that this has the security Of the Safety
Fund All the security the public has the Of
such Robert White Go. Recent have proved
this security be of the first order The report OF the
Committee viii probably appear tomorrow Their cpamina-
ton closed Friday and the specie draft Saturday ind
that there is great confidence init There
sales Of the stock y'erday7i the highest offered which
per under the sales OF Friday In stocks there
generally anipprcv,ncnt " American Trust and Bank
ing per cent Harlem per cent, Mohawk per cent,
Delaware and Hudson percent y Bank per eent-Bills
Phadepha sold at per centon Baltimore 81
cent
There yet further action the Pennsylvania resnmp
ton bill in the L. satue of that state The National Ca
Of Philadelphia however, contains Kind Of manifesto
from the Banks FIVE mortal columns long, whehs very blum
derng attempt back Of the position which have
held sine. their suspension II admits that the only way
trade Immediately but pleads the debts
NewYork and Boston, the great difficulty the way
measure On the 10th Of December last number OF merchants
Boston sent circular the Banks of PHILADELPHIA urx,nc
immediate resumption. This circular published the
2h February The nks took any Of ereu
lar, which contained the following passage;
Boston an Philadelpha connected BY ties Of strong
mutual interest We furnish the manufactures which Pilade
phs has been 10 the habit Of distributing through large por-
mutually beneficial bot it apparent at viii be mpo.si.
ss for S to do So whilst !, 80 uncertain What viii b. the
Se%y S is S W. e , SS's The s..s
s S ss S Without Of 'd W. g., =.
car Zoo 90 ! WIN sa i,,ue or no infonye n
due falling due in this city, have hesitation in
laying t an extension can be arranged on the most liberal
The present manifesto apparently 10 tina. ecu
lar an attempts 10 take the whole credit
and then TO throw the blame Of suspension the north and
AMER eiabc attempt prove that resumption Is the ben
policy which with bad frun the advocates
Of suspension, the following proposiuonis made -
Were th. sohen a4d banks having claim. upon
Stunning payment Of demands n. TO them their
own bonds those ofthe Bsnk e the United states payable
accumulated, all the difficulty would be al an end
The manifesto then describe the benefits Of rcsump
ton, ne they had Just been discovered by the banks. after
para IBg the trade Of the country orss months and
IT. CREDIT abroad by their fraudulent suspension They ha,,
Suddenly discovered that capital be- dead during sspn-
sion, and the banks quenty sink deeper debt They
mne that the currency ofhe Union reduced
low that the restoration of confidence consequent upon
sumption will the currency and prices to rise
by Of which their dead may be made
general resumption would doubt great activity IN
ide aud increased currency would b. the result
rate with the great quantity Of produce the ntry
cannot increase to cause the prices Of tat pro
ducc 20 st until foreign dem anu shall have aken OF large
proportion The effort 10 return honesty anil sound
should ~ encouraged outstanding the bun
which II is proposed.
The banks Of the south would immediately follow resump
ton. The following statement u te banls of Maryland
sr,rrnrSr % rHs BasNs on MsHyL,so Jas. isae.