Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1840-01-15

AT any moment the brokers make
distinction bu, those bills which redeemed and thoe
which are THERE'S yet alienation in the money mar
ket The uncertain prospect financial affairs by keeping
capitalists in their movements one great element oil
the continued scarcity.
rumour is in circulation in Phi ade pha that there has
been issue of 5000 shares Of the burg Bank
and that the has entirely exploded The stock Of that
without sale in this city Since the return
of the new President per ha, been offered for it, and IL
per asked The barque Niles from ST. Jago, Phade
pba ha, board Sa00 900 in specie.
The minority Of the Georgia Legislature that opposed the
pasg. Of the Central Railroad bill! have published protest
against the act.
We learn from Natchez, that the banks Of that pla
are ain operating in the market purchasing with post
notes quality OF cotton at liz cents tina, selling
New Orleans att cent and paid sr IN paper at per
discount The operation is after all profitable for the banks
The post they pay for cotos alta discount Of from
30 cents BY giving these at par for cotton 80
above the market price, and buying them back with
proceeds Of the cotton at so per cent discount winch will
he the d,preeiaon consequent upon the increased issues
they will make handsome profit. The loss will fall only
u,on those who to take the with their eyes
open Thi, manner Of interfering in camille matters hy
the banks opn to the severes condemnation. There
however Institutions which have been forced into the
c.,,.p market by the events of the last year, whc
thew had no control. They, on the occasion OF the
,vnI,en ia the pr n.y. ou4d themselves possession If Sou
tbrn funds. that had accrued to them in the trade
which hev could realize without the loss Of i0a per cent
in the difference Of exchange This of they could
,bm TO- in Justice to their stockholders whose are
.ndoubtedly paramount consideration The funds de-
we're therefore allowed TO remain until the opening
Of IN. year. when the st.gnant markets and
le~ price opened the door for the
f.uA. loss. This state Of Thugs grew entirely
te misconduct and fraudulent suspension Of Southern
Banks which by dePrving the north of the legitimate
Of realizing their funds, drove them TO seek investments
commodities which would otherwise aot have attracted their
attention.
The arrival of the British Queen will settle the question Of
the negotiation Of Mr. Jaudon for loan in LONDON Th,
is Confidently believed by those connected with the bank
have been effected but there lacks positive information
subject On The Of this negotiation depends grey
measure the fate Of American credit in Europe. However i'll
advised aud badly conducted affairs Of the Bank have
been home securities abroad have been consider
ed the best Of American paper and the d.bonor that
paper consequent upon the i'll Of Mr. Jaudon will be
blow all American credit In the of his
cess there will probably be revival Of sales Of stocks
other than will be sucant relieve the banks aud from
present difficulties in which they involved, and enable
them gradually down their affairs whole
SHANGHAI and commercial business of the country bear, some
reasonable proportion to the actual capital in it,
This /. al desirable to enable the to meet their
pressing neee,s whereby they will be able maintain the
honor the and meet their liabilities promptly without
the daDserou, alternative Of sudden and heavy taxation All
hat requisite to eurta erp,nse stop speculation in
public works. and gradually ate tar which will be .u-
ces the current expenses This will probably be the
course pursued by the Pennsylvania Legislature The .u,
pension Of IN. banks will be recognized ina order afford sum-
port state in difficulties, The resumption Of ~.
Guilty There very little ability Of any Of them re,u
ming before next all and perhsP, Tor three years