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


The resumption by the Philadelphia banks has been
conducted in dsreputable manner that although 1t
all hands that il will take place on or be-
fore the appointed time yet confidence has been IN
spired either in its continuance or utility The moral
effect upon the market consequently lost The idea of
an institution with capital Of 10000 handing
round hat in Wall street, for few hundred thousand
dollars from the banks and few brokers' is fast mourning
the ridcue merits The Oldest strongest and best con-
Quoted banks in Wall street have refused to have any
thing do with it, few of its creditor banks, have FELT
strong andndulgent enough to extend the debts due them
the OF about 100000 and 100000 more has been
made up among the brokers' of which it is said Prime,
Ward King have taken $50 000 G. Grswold, ESQ., Pre-
sdent of the Uued States Bank in New York, s5oOoo
Nevus Townsend Co S25 o0o JohnWard Co. $685. 900;
Brown Brothers Co.. $4,000. The loan by Mr. Girls
void looks very much like the bank lending Itself It's own
money. As is, however, the purse, although notfuy
made up, il is thought will answer the purpose The IN
OF the proposed resumption upon the market is
apparently losing its eect stocks and exchanges were all
worse to-day At the Board there quite disposition
to SELL and prices fuctuated United States Bank de-
cned per cent; vicksburg per cent; Delaware and
Hudson per cent; stoningon per cent; Long Island
per CENT North American Trust and Banking Co. improv
ed per cent; Delaware and Hudson per cents Dry
Dock per cent; Canton per cent; Utica per cent
$1,000 Illinois, per cent sold at 49, The Toronto Tor
London carries $4,000 in specie; the St. Mary from
New Orleans brings $4,000 and S6ls arrived at New
Orleans on the 25th from Mexico.
Why does not the Comptroller who is the appointed
guardian to protect the bill holders of the
created under the general banking the bonds
and mortgages held by him security for the prompt
payment OF circulating notes of the Farmers Bank OF
Seneca county
The OF sale of stocks have been ing in his
hands or some bank for the last three months
appears all he realizs from the bonds and mort
cages about $4,000 with the cash on hand, to pay the
entire circulation The amount of the bonds and mort
cages he holds 1000 property, estimated by
commissioners his appointment TO be worth $4,000
exclusively of buildings, &C. on the same. The Comp
troller has sell the Arkansas stock he holds
IN pledge for the lers Bank for sale the 18th inst
We recommend the bill holders who get redress, to
buy the stocks with them and il the Comptroller will
or refuse ceve the bills for which he should
have ample security money guaranteed, as it were,
BY the State and Comptroller has authority to re-
fuse those bills real estate and receive those
secured by stocks 1t high time the operations OF the
Comptroller Investigated.
Since the disappearance Of Mr. suyda president of the
Farmers and Mechanics Bank Of New Brunswick, NJ,
the bills of that Institution have not been purchased in
Philadelphia and the agent here being ordered to discon-
tnue the redemption the price has fallen to aoa 90 per
cant discount The following the condition ofthe
bank, June Is, lslo