Daily Richmond Whig. [volume] (Richmond, Va.) 1840-1842, 1841-09-06
ITALY.

u. 5. BANK.-The late extraordinary dcpr.,.
sion IN the price OF u. $. Bank stock is thus account
cd for IN the New York Times.
Lnitea States B'nk.-'lhc uuexampled denre,i,.
""" o' WIN STOCK has caused considerable inuu,rv
amongst holders as 10 the causes that h,v. ,,,,..y
thus destructive decline. It's now but Cs,v r,,I
since the aEtirs of this institution were .x,r,;nJ
ana committee Of gentlemen OF tbs city and phi
ndeiphd reported tue value OF the stock M rc,,I,
iotY seven cents per share, at the very lowest es
'nntc OF the assets. Colonel Drn"tor nm uniycr.
sai'y respectable gentleman, coincIdrJ with the
views OF the investigating committee on .his sLi..t
ana me Lon. Senator BaYard, OF Delaware. disinc.
~ ana emphaNcalY atlesled tue s5Iycnrv Of ,b.
D'uh' anu declared the value OF the stock to be
ABOUT MY cents, wi'h every prospect of an advance
wiih the increasing prosperity Of the country It,s
therefore, with not little surprise that the hocrs
u' SOCK ana hOtes unAcg limited with tho msp,.p.
vunss OF Wall street combination shouId Lec,rns
I''Sh''heu' ana easily induced 10 part with their
property a. heavy sacrifice, though inlrnslcallv
Is worth five times as much AS Il co,n,,n a. -, -
sert m the market. This dcprcc citation ms we men
TONED before, IL To he attributed solely IN tho mr.,
estod motives and plans OF q certain combir,,ion of
" d" sueet spectators and the money articles of
Two OF our CITY papers, whose Phiiaderph corras.
nondents, by the way are well kno a az yycfI as
Tue PaTues no, m order 10 msieud the public hov.
Ihto"H nolh shares and notes, OF reduced rates i'm
'hs MARKET 10 produce panic and then buy then,
up d. thelr own rates. We therefore caution the
lending At the present deprecated rates-more es
peciaiy against lending, as cases have occurred
"hcfe 1t has only been done throw an additional
amount ~ the market, and still further depress the
value. By 50 doing, the borrowers are enabled to
return the borrowed shares at 4 very low ra,e nni
frequently compel the lenders part with their pro.
Pcrty at half tie amount o'ued on il, should thew
not happen 10 be prepared to deem tho same VI
re amount advanced when the shares were in
greater demand and selling Mt much higher prices.
Inc cnLeNti article, ~ the same subject Is from
the fhIi,delrhla North American u Yesterday:
IHE UNITED SFATEs BANK STorE has no, met
with rs recent Oppression wilhou. come g,rcifc
cause oeyord tho distlust Of It's asotS |; il obyi
Gus Tat ue,e lrC Sc. ct malign Influences ns we.
as pubic Efforts Oy combined opei ton % deprcs,
me stook.-ihe cDcr,s pf'Ue present aimiustra-
Oh OF nc Ba'k ate a: yort Goth 10y letters abroad
and ins'nunuon II home, &c destroy clrfder ID,
Ihe mhnngem,r. OF the officers. 1T the Institution
can oLy he Frr-,g. ted tue o0d emil ouIsd MALI has
IN view, viii b. .c.chcd. Tre poor stockIn.ds-.
~ their anguish, are compelled to receive those
de'dIy sabs, merely TIA; nat a Us foul as iii ed Inc
breast Of Gem, may he g'glIed. There are con
st'nt misrepresentation IN the New York Journals
ABOUT the assets and manager Of the Bank whlcn
now through bitter channels IA PhiladeIphll. They
ere evidently dictated by the most ruthless and vim
dcHVe enemies Of the p,esen, officers Of the insu,u-
tlCn.