Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1840-03-14

There very little prospect of an immediate improvement
In these raes The confidence foreign is much
impaired by the rogueTes and rascaes that daily dsce
cred the banks started this city and also in Of
the old The public mind is kept in continued state of
anxiety and requires the eyes Of to detect and
pose the nnmerabe tricks that practsed by the specua
The City Trust and Banking Company the bold
Of these spectators In May last made larger of post
nete at IL months and in October last still large issues
months Every has been used to obtain property for
this fraudulent short time since advertisement
eared stating that large amount Of these wanted
Wall street, socen5 the dollar No given,
and person could be found who authorised the insertion II
that large amount Of about falling
due and Of course cannot be paid In these circumstances With
impudence unparalleled the following notice is
made public in Philadelphia paper where there is large,
amount in circusiion:
Caution to the PublcA large Post Notes of the
CITY rrnst and Blnkng Company, New York of the denom
nation Of $50 and siOo also large amount of certificates of
the institution and will in no case be Paid by The bank
OF all audasous attempts to humbug the public, think
this the most bareaced and at the time, the ia
genous method of avoiding payment Of liabilities. IL the
fairly due and the whole would exploded
and be wound up but they proong its rekey existence
afew weeks longer, victims may be discovered
the meantime and they may be able TO make smash
Responsibilities Robert White CO. Their impudnee and in
genuity deserve splendid dcnouement
Our Harrisburg correspondent informs that committees Of
conference appointed the subject Of the
bill which the two houses have disagreed There the matter
will probably rest II new bill has been introduced
into House Of character TO attract asntoz from the old
bill provides will be by reference to the letter of
correspondent that the banks shall in February
provided they lend the state sufficient pay the in
stock and carry the works Of public Improvement
Thw require about in addition to the loan already
takcnhe TO be advanced by the banks pro
cordng their capitals This bill very nearly Of the char
Of that which authorised the charter of the L. s. Bank
ens the interests of the people by providing for internal
and gives the IT, s Bank the opportunity
ing another sr rerpe,uang the suspension Pennsyl
will have money whcrewh to pay her debts in
isi than now; but her debt viii have been
the annual interest 100000 The b however, of that
character which generally popular with the members because
ohs ianced holds out their constituents and
they able TO shove of little longer the question
The banks Of Philadelphia generally do wish for this post
poneent Of resumption is only those banks which
mayed by SPECTATORS who also politicians and whenever
they get % trouble they endeavor si.la themselves
Of IT, There many banks this city, Of the
The Manhattan Bank, and the Bank Of Commerce.
arple The former institution has been ruined by its
neetion with the Government by which IN. spectators
charge OF only have ben fitted and commercial
fairs has brought down The latter has thus far been nothing
bat cloak for the ohe clique Of political brokers,
who operate the Government in Albany through their tool
Mr. Rggles, and the Bank Of Commerce cloak in this
city Several other banks have similar connection will
pode All those banks that have kept aoof from politics and
specuons doing WELL and their debts This class
Of banks in Philadelphia preparing TO come out in open hos
ty the others The FORTH under the
signature OF Hamilton that New York aud Boston should take
the bonds Of the u Bank payment Of the debts due those
fourteen
ton paper the bonds Of those banks will be
Oily taken, but those Of the u s. Bank That institution
cannot expect make the debts of the sound banks
her them She is in that position in which any
securities preferred hers This cannot last m they
are allowed by law continue heirsu until 1884, they
cannot hold together so long.
One Of ayies borrowers in the market at this moment
"a the Corporation Of New York. The abcminabe esravs
ance and OF the city finances has been such
s 10 call for Welfare received the
nu statement Of the comptroller for the ending Dec ost
isss The receipts and expenditure have been folows
Tsy, 1885, si,lss2n Bonds, --, slI 500
Rorrowed on bonds. Printing 1905
Water loan. l.se502i Interest on stocks. s2750
Other sources s5O0so Water commissioners, iloso,
- Other expenses, 22i7-5ss
Total s45i3Tii -
Si543se3
The Comptroller AUTHORISED to borrow on the credit Of
the corporation bonds anticipation Of the revenues for
bcy SlSosoOe
OF this has been borrowed as foliows:-
From New York state Bank. 2,OoO
=, bank 0i Commerce. ''.s'ss's 'luvOyJ
Ncyenh Ward Bank. 10 900
individuals or per cent bonds. ..22D
Total borrowed ........................su .q1o
There has been paid to the Water Commissioners cent
bonds at par, foows;-
fNusem'oie June '. 1880 ................f0 iT5o
suE l. 1850, s..s......... .22l500
sept |, 1870, ............. .232ooo