The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1842-03-17

wednesday mofen 18-0 r. md
Sales Il the Beard Of Brokers SMALL and prices
generally gave way-Long island Z; Delaware and
Hudson 4; Illinois /; Mohawk I per cent. Sales Of
hills on Philadelphia u Baltinors New Orleans 9
az
The interest amounting 10 Aaisos on the temporary
losns ofhe State from the banks Of this city fell due
day, and there YVES scms d,ic sty sbout meeting it,
The New Ysrk American Of this evening contains q
pretended criticism the 6c plan Of Mr.. Talmsdee,
comparing it with the Sab Treasury. From the igno.
rance displayed AMI plumbers contained in it, IL proba
bly, from the pan fths agent Of Lord Ashburton The
following Ia enc paragraph and ssmple -
The ExchsQuer draw, and buy and aell bills Of
exchange for The porposesot the gov So with
the Sub. Treasury.
Now it 20 hspPns that neither Mr.. rslmadgss bill
nor the Sab Treasury authorizes the bills Of
exchange. That yes feat certain delegates
ftem the Bank Of Commerce, ~ were in sshington
during the month Of February srove In vain get in.
serted bat they sscc cded in snasglng Into Mr. Tai.
nsdge bal the section allowing d the employment Of
aBsnk - depeslory The shallow artiAcs was, how.
ever, easily seen through.
Al New Orleans latest dates 40 900 Ia speoie
arrivedfron rampico to different firms.
The Legislature Of this State made q salutary
change In relation TO the Bank Comnssioners Mon
day The bal 10 change the mode Of appointing Bank
Comnssoners passed the house in the shape m which
hpassed the Senate and requires sulY the signature Of
he0ovsrnor TO become Law. The hill provides for the
election Of Commissioners by the houses in thesane
nsansr a. State eMcer sppoiated and reduces
the number 70 three The Law, 1t will be remembered.
wssiacrsssed 70 Ave last year. through Wall street In
nueDee In order to concentrate influence Of the free
banks In the hssds Of the clique the Office was en-
tirely frequent publications Of sworn state
nsnts substituted would be much greater protection
to the public.
The subject Of resunptsn Of specie payments by the
Virginia Sanka asw under csasideratien In the Legis
surs otha ststs. The recent prompt aad pro
cesdings N Psnnsyvsnia and Maryland wiil doubt
hasten resumption in Virginia. In The debate on Friday
last in the Hsuse Of Delegates was stated BY Mr. Hsls.
man. thsthe ecsrs efths Banks that State had bor
rvwed eseSso from them and that the Directors had bor
rowed directly In their own nanss, ndepea dentIy Of
their sndorsatioss $4,000 Virginia has population of
souls, end the bsak capital IL eIe9sa Sss OF
this amount aspssrs that about directors have bor
rowsd percent, and mueh more IL loaned than Il.
directly making o. 10000 leansd to about 50 ndivdu
as This for the" relief the dear people. who hold
the irrsdeemabs isues Of these hanks ct
Of 20 per cent In the lew has been
perfected which csppels immediate resunpsion. This
great achievement and the legislature deserve greet
credit for adopting sound policy ct last The coadue
sft banks sppears however, to be vacisting and i'm
besils In the last degree Instead Of meeting the cr
ais boldly and resuming in anticipation Of the Law
psenptly, they have wavered and hnched sad
compromised and practicsA every subteruge to avoid
paying Theenly possible result Of such conduct Is to
destroy that moral influence and increase Of confidence
sAsA prompt and sd-haDd esumptisn would have
tsa and which would nave bean tower Of strength to
them This they have voluntarily thrown away. They
cannot expect that the Law and ts PENALTIES will be ais
renarded. There great difference between populsr
Law and one that not II the present 10 not
prouptiy enforced the popuIscs may be thunderng at
the doors ofthe bsnksin the ofCiscinnst The
affairs Of the Philadelphia banks have for long time
besnthe prey ofshe schemes OF different ciqnes Of pd
viduss who seek to convert the their own cd
vantage - fer 90 possible With this fierce strug
gle has been going for hong time between Mr. Bid