Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1840-12-09

fetal, I6ii,0i0 5''s92 ls5 5j5 s,eiio3s lsi@lSe
Imports. IS 9s5ii4 s.. Eipcrts ss531ia 70
The public have pretty generally made up their nhds
tina, the resumption in Philadelphia may be depended
upon and are making their arrangements accordingly
Confidence the stability ofthe United States Bank is
not however strcr bened and the pcrmaneney CT seec
payments is matter contingent upcn the state Of the Lon
don market, and the disposition Of capitalists there 20 as
ss her little singular that the only two psFsIs IN
this city that defend the bank in It's dishones; course
ihroush thick andthn, those which have ro'oionsly
received large loans for 600 and over the other
hangs Judgment Of $4,000. That such papers fhond
endeayor eejole capitalists at home and abroad into
beeftha their money IL safe with the Institution IS not
matter Of surprise but would be matter osurprise any
faith were put in their statements by the public Is bat
shert time since that the Courier and Enquirer was Puff
hng both loud aad long that miserable concern, the
Noris Canal tender 20 the bank o. The time its
editor was specializing the stock The representation
then made abroad induced London capitalists TO take
its bonds issued in 1897 ito relieve the people Those
CAPITALISTS have recently been here 20 procure somo
security Tor the bonds. Mr. Cryder, OF the honse oil
Morrison ami ryder here on behalf Of the London
creditors lie with Mr. wnk, tehali ofhc Holland
creditors and some the American creditors had meet
ing hut not only could obtain ssti-acton hut abso-
lately refused an examination into its affairs, At the nst
CATION Of The Unitei States Bank This wss one q the
Bubbles ofsc day. ana has scarcely exploded before al
most The Identical persons are getting up anoher
similar bubble u WILDE rceollcctcd that the Express
ana Courier have for months, been pGlng The Harlem
RAILROAD parhding long figures Of iisrec;s 4 the
same time they have sssailed the Albany Railroad. The
cause Of this arises from the fact that the Harlem Rail
road have M lie out bonds in small amounts with coupons
attached 70 the amount Of 100000, which go out ny the
Great Western, for negotiation in the London MARKET
The Harlem Company, having an Immense d,'f' ana
business which cannot fsy the interest and expenses
have long been trying to ioist their concern upon
| X.rl tro4t
age the enormous expense Of their road Slooose
ner mil, ups the whole road through TO Albany The
inhabitants of the river counties aware OF the heavy
debt Of the Harlem road, wall no, build the road they
are TO render themselves liable TO pay the de OF the
Harlem CO. The New York and Alhany Railroad ha's
the .rr,r right to build the road from Albany through
wesehe,ter county to New York city. In commanding
their they thought Lessen the expense by
eornee,ing with the Harlem Company This Company
renresentsd that they hal money az their command TO 90
right on and build the road through Weschcser county,
IL the Albany Company would allow it, In consequence
of these Representa- the Albany Company gave hem
pcrmission to build the road, If done in certain time IL
then arpeared that far from having any money, the
Harlem Company heavily in debt to John wsri ESQ
and others, for the money spent in laying the rails
through Genre street, and ia order to settle with him
they issued the stock Of the Company at 80 per cent AIS
count, 70 tho amomt Of $40 600 end upwards The Alba
ny Company hndag useless to wait, recalled thsrper-
mission for the Harlem 60 TO build The road Ihe iaer
then set UP The plea tina. The Albany Co had sur
rendered ID cir right to build in Westchester Co Messs
Kent Da,ur gave opinion hat such vas the case on
the cxarte statements put before them David b. Osdsn
AMI other nen counsel have given counter opinion
As last resort il appears the Harlem Co Is about 70
try i,s bonds in the London market They mad neter
anriy to the creditors Of the Morris Canal Co. There are
number Of Harlem bonds ahos, in this market Inc
state Of nai,na holds $4,000 as collateral security ,Sr
p.tof the $1,000 0co due her BY the Morris Osnas "
| state stocks gusrsnteoaby the u ; Bank