Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1840-02-03
Correspondence OF the Herald.l -

FIRST Movement in State Bankruptcy-Failu of
the LOc0fOco State of Pennsylcania-Passage of
the Resumption Laac an the Harrisburg 'louse of
Representatives. by a iarge majority-Peaiious
condition Of the State Of PennsyIyanisA
have some news of the very highest importance
to give you today The first movement in state
bankruptcy has now begun, but where il is to end
knows.
The interest on the state loans were payable to-
day at the Penns ylvana Bank, to the amount of
$6O0,OOO, and on application by numbers of those
holding the various loans, they were informed that
no appropriation had been made by the state, for
their payment except that of 1921, due in $780, and
a small 4 IL per loan. Ii has caused conside-
rable excitement here-the state is in bad way,
and its credit abroad must be severely affected by
such evidence of bad faith.
The snow fell upwards of seven inches in depth
last night and fear tina, the railroad line from Bal
tmore will not be here in time 10 connect with the
pilot line.
The following the sales of stocks at to-day's
second board: You will perceive that u. S. Bank
went down another dollar: U. 5. Bank, 30 days fiat
~; 80 Girard, 33; 20 Wilmington II. r., 43 ST.
5000 drafts New York, at sight, S1O6 Ia 1900
do do; $500 Lehigh Elves, $780, 95; $500 do Skies,
1916, "a.
In Harrisburgh, the 18th Of February Resumption
bill has passed the House by large majorty-69 to
.. What its prospects in the Senate ] hardly
know-some say that it will pass others that it will
not Some say that if it should pass, Governor Por-
ter will interpose his ycto-but this doubt. The
great conflict will be in the Senate 1.-THE ocofoco
policy succeed believe the L. s. Bank, Girard, and
several Others will wind up. Several the old banks
here can, and viii resume. New applications are
making at Harrisburgh for more banks.
Altopet her in this CITY. are in a strange posi-
ton. | conceive that the monetary revolution is
only beginning. If the locofoco policy succeed,
whole spring trade will be dcstroyed-the state left
without credit-the public works be suspended-the
produce of the farmer marketless, unless for imme
date consumption, for specie. Wcare on the verge
Of social and political revolution throughout this
state State, banks and indi viduals will now suffer
for their Encouragement and extravaganza.
Common OccURRENcE.-The steamer Somerville,
with large cargo Of cotton, struck snag and sunk
in the Mississippi, on the 18th inst.
The MIcHIGAS AssAuLr.-Col. Brooks, tried
before the Michigan Senate, for his assault on Lieut.
Gov Mundy, has been acquitted.
MApSEss.-Thc people Of New Hampshire have
become mad, that il has been thought advisable to
erect large Insane Hospital.
American CoEsuL AT BREMrS.--The President
has appointed Marcus Dekkheim, in the place Of
Joshua Dodge resigned.
RAscALs IN TExAs.-The Texan Congress have
made appropriation for the erection Of peniten-
tiary.
REWARD TO MrRIr.-Dickenson Shearer, Of Wor-
cester, Mass, has been sentenced TO years i'm
prsonmcn in the States prison, for stealing black
boy and selling him in Virginia.
BAEBERs.-Three fellows recently escaped from
the Jail in Springfield, Mass, by cutting their way
out with a razor