Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1840-05-09

The for the by no means fiat
rng the by the banks is such to preclude
ia probability ofany speedy equalization OF the In
of the weight ocapta and connections of Le u
bank the whole South takes its from Philadelphia and
the redemabe policy being dominant that quarter there
hope of resumption South On the 18th inst the
session Of the Pennsy lvana Legislature and
strong will be made for repeal the late law
which authorizes suspension until February next The turn
which affairs have taken since the adjournment Of the late
has materially strengthened the opposition Of the sound
hunks to continued suspension The evident rapidly with
which the affairs Of Philadelphia deereratng
quenee ofher dsgaceu position, and the shameless
ofhe Governor his last that he had sold the honor
OF State for have much increased the number Of
those favor Of resumption; expedency interest," honor
rty thing that this dsgacefu blot upon the
State should be IL the law repealed the present.
state oftaes continue; the w. s. Bank will be
eed to pay # she and if she cannot she mast iuo Ii
quidation.
In this city aud east the Characteristics Of the market
great Accommodations ofde capital sagnaion Of business and
utter Of confidence in securities generally Where the
securities undoubt'd, money be had much less
than the legal rate Of interest The Government recently
d,ersed proposal for the exchange
Treasury for specie This has resulted arang
"a take the notes able In with permission to
deem them upon sixty days notice. at less than Eve
aud half centum interest At the time there
of securities the Market which money
not be commanded at rate This will illustrate the dspo
stion ofeaptass The banks willing and
all strictly business paper but the hsro treated
osaeh moderate amount scarcely the supply Of
money.
The Of the country immense, but have yet
scarcely moved towards market. The crop Of cotton
particularly large OF this article the receipts are now
90 oss bales heavier than in the year 1885, crop
at the time, the export Great Britain
osos bales less than at that time, and the stock hand
oos bales greater This singular position grows
dersneed condition cf money affairs With very little e,eep-
ton the banks throughout the union remain nearly the
position that they occupied the fore part December last
rhis the bank. which then suspended
~"d those which paid specie continue 10 do The winter
wssspen In uitsss legislation the SUBJECT the part
tho different State This had ether
them 10 remain stationary until the result
tD~S Daring the whole of that time, III. u. Bank has
hssa secretly purchaser specie and the demand thus
has pressd heavily the specie paying banks Obliged
ths~ % Keep hsir currency within the smallest limits This
sAs entirely cut of the usual facilities shippers produce
ssd cousy dealers Tc has been entire pros
traitor q M. as- spring sasness of NYork The failure OF
has business exercising Immense influence spoa the value
81 rrcpsuy IN this city New Vera city the point FROM
shch nos of the foreign imports the United States
a.sirbusd throughout the uaiSstwo thirds Of the whole
nouat of imports nio the Uaitsd made New
fork ~ follows
ssrcsrs rus rosr foas, rorsL rsrosrs
V~Trsn 20 a rsaEs
a.uf.I a 4 -. ..-g. A.