Mobile daily commercial register and patriot., 1841-08-16

the people begin 10 understand they hold in their own hands the ultimate remedy for deprecated reney.
 In Alabama except thai Of the state Bank and its Branches our currency fair way 10 be placed on n firm and solid basis The stock banks particularly those o this city are managed wth discretion and lent and need only determnate sotion the part of the Legislature relation the state institution to bring into play their full means the the community.
 The meetings held in the interior for the purpose of ex aminng paper discounted irresponsible indivdu- ala have resulted in very important discoveries At ad burned meeting in Montgomery, the committee ap- pointed for this purpose recently made by which il appears that the ioss any will be very trihng Il says
 "That, afler examining each individual discount and paper purchdsed they have the conclusion they were all good with the exception of one h or ekchane for i've hundred dollars and one note for nVe huhdeh anu sixty dOars that propositions then being made of satisfactory character, and, if compiled with, would place the beyond dispute, bu from prudential con alterations committee have thought advisable to withhold the names of the parties m the two cases au- ded to.n
 CRoPs HARVEST, &c.-It is stated in the Buffalo Com mercal Advertiser that that vicinity the wheat har- is ended and from careful examination of all the statements which have hand, it is thought that the crop this year will be found less than average one In New York ii will fall off least third. In Ohio, also, there will be deficiency. Michigan and Northern Indiana will probably show The Middle and Southern States will about hold their Take the whole country the editor doubts whether there Is hand any great surplus of bread stus The crop promises exceedingly well. On this point all parties agree. Potatoes there is end of them Late oats have done we'll and of all other crops excepting grass which is decidedly short ii may be said they fair The of the whole is thus stated The wheat crop shows a slight falling off compared with 1899 and s4O, and the stock of bread stufs hand large or and potatoes there promises be Other crops about medium.
 The latest accounts from portions of this rather unfavorable respecting the cotton crop On somt plantations in Dallas and Montgomery, eve learn from the JournaD the caterpillar and worm have made theI appearance and doing serious injury the plant From these partial accounts, however, very correct opinion can be drawn of the harvest Even in the mos fruitful in certain localities the crops have suffered from worms, drought &c. As far as we can judge from the general in the heaviest cotton growing states the crop will be than average one. Some est 1t high as 100000 bales This year the total receipts the different shipping ports the latest dates were l, ,57s, ,OO6 bales.
 LIVINGSTON, (Ala) Aug. '. Our Planters beginning pick their crop and the promise for good crop s better than has beer at this of the year. for several seasons past The corn crop, though much injured in some parts of th' county, by drought, is promising With one good crop many of farmers will be able to extricate them selves from their difficulties.
 NEW ORLEANS, Aug. IA.
 The operations of the week amounted to 400 b pre- vious prces viz F Ark cotton at s!c; 99 Miss. lOi 60 sa 34 sa 20 ut g 1858 Ala. sac per h. The ports 24O7 b receipts 40; leaving stock of l3 99 | on hand.
 In Western produce there is no change Business va dull, and the receipts limited.
 In Exchange, prices remain formerly quoted an reights are dull. There only ship port dsen gagged
 The banks of the south have been curtang their is for the last few weeks In New Orleans particular ly the circulation has been reduced S2 900, 900 25 per since the fore part May The result is wha might be expected, fall in exchanges from 74 4 pc cent, and in the premium specie from 54 6t to 3, 4t. The stronger banks, we stated time since have been forced into position by the operation of pu opinion, where they find that specie payments woul he the most profitable, and they will in all probabilit, resume at least with the crop, they get clear of the nsolvent banks. A resumption in Ne, Orleans the great head of the market would reu der imperative similar movement in the other sections | Many of the Philadelphia banks wouk ioow and ban advocates would be astonished to find the currency form and exchanges capitalized without national bank.
 The operation of the bankrupt law is to be dreaded Some of those who have interested themselves i procuring its passage, estimate the number of bankrupt 5OO0OO and that they hold $OO0 average of propert each The av is to go into operation Nov. list, whe application will he immediately made by these persons and property to the extent of $5O0 000000 will chang hands in the of the next ensuing years Th may make fearful change and the creditor who realize slOOO under the law may find his other property depr, caed S2000 by the operation and hmselfn consequenc | swelling the large lists of bankrupts- Money Article New York Herald.