, 1841-04-03
NJ. VAN BUREN,.
MONEY AND BUSINESS MATTERS

AIN - F"iu iHioANt I'm S"F
Yesterday was a dull day in outdoor
transactions. Money IA per cent in a month.
Uuited States Bank l6i a II; Girart IS:
State Elves II. The complaints are loud
and deep with regard 10 the i~naction of our
State Legislature. There is. says an after
noon contemporary, a constant and general
demand for small notes, and for the imperfect
supply in circulation we are indebted 10 9th
er States, and use any trash that may come
TO hand. 1t is the people OF limited means
and small business who feel the want OF cur
rency most ~severly. and yet for the suffer
ing mass nothing is done. This apathy Is
unaccountabfe. and is by no means calcuIa
ted to increase the popularity OF the mem
bers who share it. We should be glad. in
common with most of our fellow citizens.
TO have some explanation of the cause. from
those who are in the secrets OF the Capitol.
Our New York friends are getting into
sad confusion with regard to their Banks
Alost OF the brokers refuse to purchase the
Red Back Notes, as lite as Monday md
Tuesday, thirteen Of these Institutions stop
ped payment, nomely;
Millers' Bank Of Clyde; Farmers. Bank OF
Seneca county: Tonawanda Bank; y. York
City Trust and Banking Co., [iraudl; Tenth
Ward Bank. Y. Y: Chelsea Bank. do.
Staten Island Bank. do Erie county Bank.
Of Western y. Y, I,ochcGter; Farmers
and Mechanics Bank, Batavia; Binghampton
Bank.
The Albany Argus SAYS:
On wednesday. the following were thrown
out by the agents Of this city, viz:-Bank OF
America, Buffalo, Merchants Exchange, d..
And finally yesterday the explosion be
came general, and the agents threw out the
Observation-Disclosures Blnk of Buffalo;
United States do; Phoenix do; Bank OF
Commerce do; Bank Of Brockport; Cattl-
raugus county Bank; Bank OF Lodi; St.
Lawrence Bank.
The two latter banks it is supposed will
furnish their age nts with funds to 20 and
keep up their ~redemptions in a short time;
the officers and some OF the stockholders o.
the St. Lawrence Bank particularly, benz
among the most wealthy citizens of st. Law
renee country.
The same pupcr states that the panic
burst so suddenly upon the Agencies OF the
Associations,th tbs the funds placed with them
were exhausted before they could arrange
10 meet such an extraordinary demand.
BY j singular, if not an inadmissibIe con
struction of the law. By the late Comptroller
(Mr. Cooke preference has been gwen in
the receptions from the deposite in his hands
10 those who were the first to appear with
their prostests.
The Couriorand Enquirer states that bust.
ness was never du'Ier in that city than at Tie
present m~oment.-It would seem then, that
our neighbours have very little TO brag of.
Twenty or thirty of their specie ptyin-
Banks have already been discredited. and
their condition is any thin but envIahle. II
The Pennsylvania Legislature would only
give US small notes, we should hold ourselves
in quite as good a condition as those who
have been charging US with bankruptcy
The Buffalo Commercial says:
Exchange continues TO advance daily. and
at such a rate as amounts almost to prohIbI,
ton. The rates on uncurrent to-day are AS
follows: Eastern | a 2; Canada 6; Olin. In
dianna, Kentucky and Virginia, 8; Illinois
Is; Michigan 90 per cent discount all around.