The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1842-06-04

American credit does TO be in the ascendant
ipon the London change. leading Journal remarks
lollows
The chief feature of the United States BILL as dis
ingushed from that of last year u.s. that it allows
,eiow par This concession Is a important one and
indeed would never have been made had ii been felt
hat the money markets were in most desperate cond
far as the negotiation of loan is concerned On
he spot the easness Of money in England to have
'een regarded with some eogerness. if that afforded
chance oil portion OF the loan being taken here This
nope Is most ororn one and the people OF the United
States may be fully persuaded that there is class
OF securities to which abundance of money however
great can give vslde and that in this class r own Sc
curitics stand preeninen As how cvrr the hope might
be followed Offer il viii be as well for the London
capitalists to BE- or their guard and remember the
ties. ~ v ->'e''A ''SN''
This is very gratifying, if they wilonly persist in their
determination to take stock, but that hope may
prove falacous The sccursed paper system the instru
ment ~ which England has rapidly advanced in the pro-
cess oil enslavng other nations She in the annual
receipt of per from other countries
attribute for money and credit loaned by her. and squan
dered by the dssouo and improvdent of other nations
and is natural for her to feel uneasy when whole peo
ple with prompt sagacity and rough stroke, burst by
the simple process Of Reputation the meshcs that were
woven around them If the threat succeeds and future
oans stopped the people will redeem their honor by
eventually paying tho debts already contracted In our
article the ooh of April exposed plot Of the nan
the federal government, by making instrument of ,s
necessities TO do something for the benefit of State credit
The London papers copied that article and with the du
plicy which is becoming feature of the British charac
ter charged the plot upon proposition ofours The
London Times remarks az follows
The Of this proposition which 10 cooly set
forth in the journal In question: would of itself be enough
damage the credit Of country which could tolerate
such doctrines not all thoughts ancing money
already set aside by the fate Of the United states Bank
n hoori,,
ming also to reflect the warlke towards England
which isso popular when assumed in Congress, and this
s additional for disnc lnation, already well
founded to have anything to do with American securities
In this market to-day avery small business was DONE
and prices generally gave way Delaware and Hudson
per cent? Illinois 6s, !; Indiana bs !; Kentucky es rose
!; New York State $3.50, tpsr cent.
On Monday next. the election for directors Of the
Greenwich Bank takes place. The following is the Re
form ticket
Greenwich BANK REroRM TICKET.
For Directors.
Isaac L. varian. Mordecai Myers,
James N. Wells Laurent Bonnefoux,
James Pollock, Lewis B. Grifen,
Timothy whittemors. Carrot Green,
Horatio Mott, w. 8. Hunt.
Pierre Jarvis, Joseph j. Van Beuren,
Charles Yates, James Munroe,
For Inspectors
Charles N. s. Rowland, w. c. Rhinelander
Stuart F Randolph,
On the of this ticket is thought to depend the
medy for those abuses which have during the past
sunk the value ofthe stock Of this institution per
the market remarkable fact in relation to the existing
board that during the year they have been constantly
selling their stock. For instance few weeks
they held collectively 900 shares they hold but $780,
having sold 26O shares. Is this mark of confidence
their management Indeed three of the directors
hold but the number which qualities them for Office
four others hold but very little than the necessary
humber. On the contrary most of those the reform
ticket largely interested and OF will attend
the best interest Of the institution with view the
ofths stock. II amusing fact that Of
the old dNDrs soliciting proxies under preence of
favoring the reform ticket All who able should vote