Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1840-09-03
The Comptroller gives notice as .olows


The public stocks pledged by the Farmers Bank o.
Seneca County for the issue of circulating having
been disposed of the holders Of the Of bank
which are stamped secured by pledge of public stock
are entitled receive the nominal full amount of
bills IN the city fund.- presenting the same at the Com
mercia Bank in the city Of Albany after the Slst
day of August, inst.
The bonds and mortgages Transferred to the Comptro
demPion ofthe notes or bills of sail bank, stamped
cured by pledge of public stocks and real estate" have
not been sold. Enquiries have been made ascertain
mode by which the said bonds and mortgages can
he disposed Of vanageons hut yet without
When sale shall have been effected, further notice Will
be given.
The sale ofthe securities Mllers' Bank of Clyde
which postponed recently is take place on the
10Th inst.
The British Queen now on her passage to New York
with news 81 days later The of affairs in Europe
the departure Of the President such
lvlest interest in the late intelligence expected by the
Queen The political diff culics then existing will in
ell probability be settled without rupture hut uneas
and alarm may have been oceasioned to
which would great changes in the moned world.
Since the peace of Europe has been undsiurbed, Euro
pean losns have elected in En- land the OF
00J S5G000J0Q0. This in time OF peace, has
had no other effect than to operate very largely in carry
ing money into England the shape of Interests instead
of carry ing il out The following the evidence of N.
NJ Rothschi. Esl. before the Bank Committee 1884,
the subject foreign loans ani the effect of continent
tai war upon exchanges-Lord Althorpe in the chair
Qestioa-supposng that since the year 1890 the amount
OF foreign loans raised in this country should be f50900
600 sterling must not that periodically, have deranged
very much our foreign exchanges
!nS There is no doubt foreign loans to the amount Of
fifty millions, which is very sum- would have
that effect but in the las: few years know tina every
reign loan that has been made has done very little injury
TO the exchanges because immense deal Of stock has
always changed hands, and been resod to foreign CAPT.
| talis,s with profit.
@. interest upon foreign loans operate the
other way; is there not large annual balance OF pay
ment now made to this country as interest upon foreign
| leans Certainly.
O. DO YOU apprehend that the received from 70
reign loans, for some past has amounted to the
pita that has been employ ed in creating those loans? II
has brought great deal of capital here doubt but
cannot exactly state the amount.
! Q. From e, dence you have given is il your opinion
that the Bank of Eng land, in looking the foreign
changes the guide of their issues act upon principle
h9t It's correct With regard 10 the public? .4 For his
safety, every has right take Of HIMSELF but
with regard TO making money do not think
have occasion to be afraid because if gold is wanted 10
send abroad they make money they like,
i viii go, because for what reason gold wanted Gold
swanted if there is and in that case, Foreign Go
ycInmen i'll give two three cent less 10.
the gold because they must have it, When the Emperor
OF Russia made in Poland latslv, gold, which went
from Hamburger TO Pstersburch and Warsaw, was paying
from three five per cent profit; if FIVE per will
! pay il, ten per cent will be- given.
q. Is not the thai gold is always demanded for
military chests in preference 20 silver Certainly for
every army. recoec about six months ago. foreign
eminent wrote 10 get gold from here, purposely
for the military chests, 10 the amount OF 100000
q. so that war in any European country has nyara-
bly, the effect OF creating demand for gold Certainly
an European army has generally from E2OOOO to E3uc
This evidence which is purely PRACTICAL and from the
highest authority. shows the bearing which rupture
panic woul have upon the present state Of the stock
ke ofhe world The holders Of this vast amount OF stocks
! in England woull eagerly seek to exchange them for
American securities. The effect would be sn immediate
advance ia prices, the institutions here which
holders Of state stocks. would be Immediately benefited
The letter OF Mr. Bidl, published just previously to
the sailing OF the pocket very unfortunate, nasmuch as
It's tone, coming does from dsting uished indi-
vidual is calculated 40 serious njlry American
dit this crisis The whole ltr is imbued it'll that ul
ira credit spirit which distinguished the United States
Bank aud its partitions las, and which led them
oppose taxation AMI aivo the fcrpetuy OF rTejeen
ahc paper. The result OF the policy the failure o.
the State of Pennsylvania. and nearly the utter ruin OF
American creii. in Europe Thc wholsdrift Of Mr. Bid-
dies letter is justify that conduct, the ground
that other nations worse. This but small
courogcmrnt to the European capitalist the future
safety of his Investments Mr.. Bille complains that
have too much "shamclaccl humility for short
ngs and lack that calousncss that foreign nations have
acquired BY long series OF frauds In short his eNord
is 20 in deb. boldly and cannot pay debts
when they fall due why laugh creditors aud tell
them they better than This il singular
doctrine convince persons of and
will, spprehend, be found 10 the purpose
Tha, the purchased gsns of the bank should praise the
letter is surpsng they do they bid in all
The reckessness of those papers in making statements
is astonishing short time nee fire occurred in Front
street BY which in property destroy od s40
900 OF this insured This amount is equal to the
premiums of all the Offices for month"; and yet, the
following Saturday Of their organs stated
m,rkable fact that a single loss had sustained by
tn, Offices II the Offices successful we apprehand
Is high time that the public should he relieved he IN
creased premium imposed upon them last spring.
| sales NJ tl,e stack Exchange.