Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1840-04-01

low rate bills The packet has board thousand
barrels -four, mostly Georgetown
The Enquirer of this city, in accordance with
its with the United States Bank took part
with that institution against private houses Lon
dom its rivals for the American business in
that y The most prominent house that of Barngs
Brothers. whom the agency the bank had been taken
on establishment Of Mr.. Jaudon in London In August
last when the bank the point of bankruptcy appears
Mr. Jaudon applied to the Messs Earrings for loan. to help
him through his difficulties, which partly promsed but
Mr. Jaudon ndisceety exposed the real state of his affairs
which such TO convince prudent Of the IN
svny of the concern and the Bangs consequently refused
to make the loan WIDELY but being largely interested IN the
State stocks which would greatly suffer by the failure oil the
bank with agreed to for
short time, and the time in duty bsund, noued
their correspondents of the perlous condition OF the concern
in order protect them from loss Subsequent events proved
the necessity of s for Notwithstanding that the bank got
the oan she actually failed both in Europe and IN the United
States stock which then at ITO, is at "a
Prime Ward King sod day, imme datoly after the
ceip Of the intelligence for Boston House to 4eo shares
opening and oDg at SO cent Some time after all
this occurred Courier out with charge Of consp
racy against the house of Earrings Brothers. written by Mr.
Bachora the attorney of the bank. There post
city under the law that does plead similar
conspiracy against them when they pay their post
The Earrings fools enough to notice this charge
which denied by Mr. Jaudon and Mr. Batclord has
published four columns in the Courier roterang the
former statement This replied to in the American BY
@. King party implicated. In all this the commercial
not interested. 1t quarrel between
rival parties Of which trade Of the country
by its insolvency. and the other seeking State
If Cassie kill Rodergo, Rodergo Kill Cassio the public
will be the gamers eithrway Their calling other hard
names in their hired only excs in the pull
lie mind
In the early Of the year the boundary question: which
had been dormant for twenty years. suddenly
ward evens blown into flame, which, few weeks parayz-
ed commercial transactions s country in England
pushed the public mind to the verge of At that time
American securities to the amount of $3.50 held in
England and very traffic carried in them The in
egence Of the state OF affairs here with speeches Con-
gress reaching England Immediately caused suspension of
all transactions Even the Bank which then sold in this
market for Ia and which well KNOWN and commanded
much confidence England their coauls fell under
the influence Of the All the reports which had previously
been circulated against this stock in regard to its cotton
lations, and its political had effect but the
Of struck blow at and the value of the secur
ties which formed its active from which it
which laid the foundation its failure in the ensuing
fall The country at large has experienced all the evils in
commercial point &c yiow which would have panied
actual declaration Of hosities II promised on both sides
the question should be speedily settled but after
bankruptcy and Distress and when the country, bet with al
is about reeanng its commercial conf
dence and the mercantile community looking forward to
oprespey to remunee them for their past osses the
same vexed question again blown into fare that inc
vitality destroy returning confidence. In commercial point of
view preferable to this yeraou delay and
frequently recurring excitement
The motive for keeping @ subject open long has been
crbed to political influences both in Great Britain and in the
United States The ing of the Chasts England
is supposed out of that pop
nation natural after long peaceand frequent nancarevul
And subject of dispute like that of the Name Cues
ton by being occasionally disturbed attract public at
tention the Ministry important
dominant party this country also depead upon the
question occupy the public mind the OF Presidential
election The excitement Of last however yet too
allow ofa fever soonwhout pushing matters to
point which il may be difficult avoid Such
would not be popular the United States for the
The in has
public mind
The present excitement is therefore likely have other
effect than complete that reyuson which commenced
by the excitement last that is by destroying confidence
American credit down the suspended banks and
bring down prices TO specie standard Should the at
serious attention. in London the United States Bank and
all those institutions which have raised shout OF JOY when
during the months that they have succeeded in bor
rowing small additional in England will w-r before the
renewed dscred This asois nearly all that could be effect
ed by actual declaration Of hosities. The Of
the country has been, during the year. much eurta
ed the business Of tie United States has been drawn
within itself; aud il consider tie position OF The whole
country, a war with Great Britain would be far more
detrimental her tina. the United States The trade of
United States with England has become important to
welfare and she dependent this country for
supply Of cotton and customer for her merchandise than
is United States upon her The United embrace
every variety Of cline and produce like China, thing
within itself which for the senance luxury Of
its inhabitants The first effects OF would be TO bring
back upon for collection sale claim nearly all the Ame
titles floating in Europe. This would doubt
In the next place. the planters at the
south would feel severely for the first year the change in their
market; consider that half of aarse has
already gone forward the value Of which would be much
HANGED by The growth OF the following year would be
regulated by demand from which
would be much enhanced by the cessation Of foreign imports
The article Of forms wohrds Of EXPORTS aud will
average about sooooe yearly. This export is the main
spring Of and 1t would undoubtedly suffer
extes in Of bu It ia Of small importance when
consider the vast interests Of the north aud aud all the
manufacturing States which would be much advanced by it
To illustrate this have complied from ihcal data the fol-
lowing tables Of the value Of the manufactures Of some Of the
principal sates:-
ARTICLES MAsUrAcruREp PHopUcIp IN THE STATE y
NEN-YoRK N 1882