The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1842-02-27


a.'te Sunday, Hsb. SIS p. n.
small amount Of business he's been dcns q the stosh
hoard chs morning, and prices have not materially
altered Iadiana 50 rose per cent? Illinois Ss par
ceat; Mohawk 1; Long Island l. MeshsnicS Bsnkins
Association declined per cent from the last sass
In srticls Of yesterday gave. from the Vicks
burg ast purporpg to be the names Of houses IN New
Orleans. that have stepped-smoag them wss that Of
Pee and North This was gross Of Dr. Hpgan, net
only has that house stopped but thsr - also
that the branch house in this city stands higher than
that Of ninsenths Of their coutemporsries The fsi-
lures enough without including the names
Of stroug houses.
Ia aaesAsr eolsnn will be found an sdvsrissnsot Of
the Lafayette Bank. in relation to the PospOnemsnt Of
the motion to appoint receiver that institution and
the arrangement 70 receive its bills for debts dueit.
The bills ofths Chelsea Bank longer redeemed
by the Comptroller. ffsy ~
There wss convention Of delegates from nineteen Of
the banksof Ohio. held It Columbus the l7tA and
18th inst They resolved to specie payments a.
required BY the Of the Legslaurs On the Ath Of
March next. Eais .ti $3.50 .saip iis3 sis- AZ
The arrival Of Lord Ashburton a. Special Minister
the Court Of Crest Britain u daily locked for
Thsidsa has been hsdout by thespsculators that his
Lordship w by Get oflegsrdsmain, bring about
Of the State bonds and state credit Innuners
BILE contradictory have been tsd about the inter
est Of the individual in the State cres That he il In
terestsd and that he selected BY the ministry
1t nssrumentt to carry their plans because his pri
vats interest IL guarantee that he will exert himself
there Il no doubt He long the head eths house Of
Barring BROTHERS. and received his pesrsge in 1885, for
services rendered Sir Robert fssl. tbs tory Minister,
then in power; and again holding the rsgns Of 60
government. The friends Of the gentlemen claim for
him that he il American citizen. II he swore allie.
glance TO the United States previous 10 being made
nobleman. his acceptance Of nobility after that event
il matter Of surprise He could not have been nsds
citizen after accepting title Of nobility. That IL minor
point hovevera curious precursor Of his arrival, and
Of the influences he 10 employ appeared ysster
day in the New York American the organ Of his house
in this city is contained in the following psragrsgh
which wss probably for effect incorporated in what
purpors be the Washington correspondence Of that
psper. ts ,r
One great measure which must prscede > National
Bank, National Currency, National Credit aad Ma
tional system of Protection, the issue Of National
p<r cent ssk Of 800 Co., 10 be secured by pledge Of
s al s =" @ Sdsr
the Distrbutisn Act being repesled, Of course With
this stock the indebted states win i'm mediatsIy pay
all clams now due against them, including both expired
loans and the interest those not yet rembursbls.
In the fall Of 1850 will be remembered that the New
York American published letter fron Barring Brother
proposing guarantee Of the United States for al State
debts The proposition met with the contempt 1t merit
ed On the 3oth Of Nov 1885, the American published
the identical proposition contained in the paragraph here
Quoted and almost in the words. The following 10
an extract from the article Of the American Of Novsm
Der -, 1850 g. ssf,s y ssl.4 iswe ssf,e 49,
United states stock, bearing IN interest ef4 per
cont which would DO per cent. more thar that OF
the British Consols, which ara even now above 80 per
csni could be readily e.ch.Dgsd q prs.iSn ~ most
CASES Of Is per cent for the State eteeks This would
effect sewing In the principal Of 80 70 sakss
81 whch Ia stocks were issued And "a Interest q
Der cent ON $50 millions Of United States Stock would
.skeths place q one Of cent On aso million: e
~sala b dininshsd from eisvsa mllioAs 70 six nil
lions i'ief1 ta 7e st47tf .aaa = seH IN ~ M
! TIKI proposition may have been written IN London,
possibly by Ashburton himself aad now again brought
orth in edsr to feel the public pslse upon the subject
Jest previsus u his arrival here. sifi, arr
We have here an indication Of the course likely 70 be
pursued Il indeed sngulsr In the history Of MT
lions, when Of 10 years standing Is select
ed a. minister between two great nstions
The question Of assumption Of State debts has been do
cded in the negative BY the leading Of al parties
Mr. webster Of his speeches put at rest forever
II now evinces no small degree Of temery in the organ
or government minis 10 sdvanes his privse into
rests simultaneously with the commencement Of his
public duties II cannot be that the convention of the
ave powers Of Europe in relation to the right Of search
il meant 70 be used means Of Influencing in any de-
the pecunary interests Of the arstocrsc classes Of
England Such an attempt must signslly fail Thee on
" restorative to national credit be by actual pay
ent Of debts in some form other IL preIosterous
to suppose that credit can be renovated by giving the
debts new FORM or that the fundamental principles Of
the are to be encrosched upon the
lsnt demand of any foreign cmissary sl~