Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1840-06-01
SALES o. STATE STocE

These are indeed rates at which have taken
place. but the Of the market for state socks
SUCH take these prices The values would be very
Holders ofsa stocks do pretend to offer them in
the market unless their necessities seh to render it
unavoidable. At the tne the dgracefu proceedings Of
the state legislatures, Oh real capital 20 be
very cautious making investments The
tual value Of most Of the stocks for permanent investment
than when money in demand for busi
purposes The nteres Of all the states has hheo been
paid promptly and specie and will doubtless continue to be
SO paid The of Pennsylvania alone shows symptoms
ferng The Ing the August interest has not
yet provided and there to be Immediate
pect being levied for that purpose Great fears
tertained will be provided in and that
much DELAY and dscredt both to Penns and the other
states will gow of the neglect Ma fears entertained
hut both prime pal and interest will ultimately be paid by
taxation; but the effect of delay the availability Of state
stocks matter of very serious alarm, and prevents any dis
position o invest in that description of security.
The position Of United States Banks 10 interesting at this
moment in regard the result othc present suits against her,
The suit ON Boston for claim Of $500 co., will be ter
minated days is supposed tnat the bank will be
able give required security for the stay Of execution for
twelve months An interesting question then arises to the
Of interest which the claim will bear Some legal gentle
men are opinion that they will bear interest OF per cent
eorng law and others that.y wllbeai2p
according the provision Of the charter When the late law
was in agitation the bank poissed not to be Influenced by it,
She sheltered herself under her charter and stood aoof from
the other banks the bill matured however, they for
ward waived the privileges Of their charter and claimed
come under the law. The result Of this point Of enquiry at
tracts the attention OF capitalists.
The general state Of the currency evinces improvement
The probable passage Of the subteasnry BILL and the fate q
the General Bankrupt Law in Congress, well the
preaching Presidential election unting with the diseredt
and confidence out OF the position Of the u
s. Bank OF the State OF Pennsylvania preeuds the
pr.baby Of any immediate renewal Of business activity
The wealth of the country greater than at Tine
tmehs crops very abundant but they do not furnish
the qaidatng the old debts Of the mass OF traders
These constitute large class which, with majority Of the
banks require the operation Of General Bankrupt
Law enable enter into enterprises The SOL
vent will eouneuanee but growing out OF
real business consequently all those dealers IN
am find the utmost difficulty in raising
pev The south purchase goods the North because
the banks will not formerly discount merchants paper
southern notes collateral The banks at the West are
afraid 10 increase their currency because by doing they
nut the power Of the U. s. Banks In Philsdel
phia which drawsspecie continually. The following is
turn othe banks Of Ohio, the t May, comptred with
| former PERIODS.