Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1840-11-23

ware and Hudson improv ed cent; Long Island per
cent Sales of bills Philadelphia made at 81 "a
discount In State stock the market heavy than it
has been 1t has been anticipated that, in of
in Europe demand for the securities would spring up
that would materially improve their value. This
stoned small adv in their market prices The
cent pacific intelligence, in connection with the
restrictions in the English market and the indsposition
banks to loan the pledge Of stocks has caused
description Of stocks to be heavy Sales yes
terday were made as follows:-
900 Indiana bonds '...'.'. 70
900 Arkanssc bonds ...............,.,... rs
1000 safe OF Maine siIss lat Bosnnj ........ Is,
1850 Treasury notes hvss. ................. 100
The Mutual Insurance CO. have declared dividend of
per cent payable on and after the LIST of December.
The movement ofbanks ia different states to be such
that place the laws at defiance whenever inereres
with their depredatons the community; Pennsy
is melancholy instance ofEs In Ohio the banks
unable obtain law to legasc fraudulent spenson
but in other points they sessfu in ovading them
the law of Ohio restraining banks from issuing post
is dead letter, owing to facts contained in the following
extract from an Ohio paper
Commissioner Hatch applied TO Judge Grmke for
mandamus restrain the Clinton Bank from the issue of
post notes. and to compel he admission Of
to examine into her affairs The judge refused to allow
the writ first, because the remedy proposed was incon
sisen with the bank charter, and therefore uncontu
tona that the Law could not be construed design
cd for unconstitutional application Second, because pow
er conferred upon the bank commissioners could only be
two members was not legally constituted, and had no
lower.
similar application was made to Judge Wood by Com
missioner Hubbard to the Bank and refused
upon similar grounds.
that the commissioners have continued aud
draw pay though declared to have legal exste
thus that the banks able to carry out their plans
and ISSUE currency that most of all paper,
post otes to the great loss ofthe community.
will be recooced that the occasion Of the last
arriy al from London, published account Of meet
ing of the oders of the United States Bank in that
city, the subject Of her solvency, and that sent by Mr.
Jaudon requison to the managers here for satisac
tory statement Of its affairs Mr. Dunlaps that
requisition also published appears by the papers
brought by the Caledonia that that letter has also
published in the London Morning Chronicle the London
organ the nted States bank The letter severely
commented by the other papers. In to which
comments the Chronicle has the following
We gave publicity yesterday letter from the pres.
dent Of The Bank Of the United States reply to request
from large number the English shareholders Of that
nstu.Sn SAILING ,Or ,sem h s actual
of the affairs of the Bank which had been in progress for
considerable time wSud be oIough. to close very
ed States will receive all the Information necessary
form accurate opinion Of the actual condition of the
stution." This language seems explicit enough, and
have given satisfaction we should suppose to the
qusionists promises at least all they asked for, and
day. the ground that merely announces that the at
fairs under investiga tion an that the result, when
i, WI. =. n. IL .,;,s ~ 800
who thus unfairly represents the contents OF the letter in
question anu VINO r3 rad TIL "oia o. en-
this last nsnuaiion is that there asked The
~ o. ,ne ~ ,s hnS I, h ,hx hii h n
without delay. statement OF the affairs Of the Bank of
.ne ohaed s'a,es VIII DC ntad ~, , anu p.n I'm
said that great efforts made by parties interested to
se w &c pe .o.o pn S.s I,aa h r =,
those not biassed and who exercise their sound WITS
.ns PT'pei d "a Sa adI oui e h onnIu;n
sons should % aaeaeea ior suen hhid H., an oo
lection is maze tna' the rum .u oyeeuns
parry snouia nave w. %M hut ors ume
ior us nor nse, ou'
az once, ~ithout daa u 70 DC suie, 'hst the
ha n e @ ha " ;Ii;ehi or ss.;scsn,
This is mere assertions and i will be time enough o on,
% ' az IN, oiu -, If,;I vhr we ,ruenJ o"r ID
men and doubt not that those not SO bissed Viii also
M az u'ii .ne Plomise9 .; !; ,h, ILL.,
What disappreve Of IN the meantime ,nst heoh'
dtoned species of criticism on public institutions IN which
in2 an, ms, errops on The ,ar, oeihoss
who managed the concern and Of showing how those
.s,i oe soueu III nc =, ra.arao 80 iass
.! rational argument AMI oavs We IN more ,oss
anu 81 ea.ei a a,,; M, 49,.
Wv; . i, =. - " .so ,i - s;n e,i =, acai;.,
,h enlsn ss,rve,;ys ons rhis
Wv vitlc', " ' =. t q. ~. ~
. - mo'' w yai All anu 60 ~ n, ,,t
10 o. oyrr or peli,,e Nh. INST Himanareent Of he
~ s,o y, W sne d.. - aa, ~
nss 10. o. ahe fas ae"o"n
,hi m sS, ~ pSanIinr and haze auJ.d aIs,
to the heavy loss of capital which had thus been
reneed bit never with view 70 mase ,hat sun hes-
enc rasb snoc.,t;xa hirners of he na 10 hiring
about more prudent and cautious course
the future In that conduct We have followed huneiy in
h i ounS ~ I, hat our Ssr,io,s baws
not been altogether ineiecual We advocate searching
economy in the management and an adherence TO the e-
sas l,n. I'll 81 =, sa s., ays in pe
and prepare themselves by stringent coursi OF Icy,
for resuming cash payments in January.