The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1842-11-05

MONEY MARKET.
Friday, Nov. 4-6 p. M.
fair Of business done at the Stock Board
this morning generally falling rates. Ohio SIS fell
Kentucky 6si Indiana SIS Ii Harlem 9; New York City
rs T.
The ship Louisa hence at New Orlean ms on the 26th
ult, with $lls, 500 specie
There three mails due from the south
in Southern funds the market heavy Alabama quo.
ted lsal4. Tallahassee Florida paper remarks as
follows:-
Money of all kinds-good bad or Indifferent
We have heard ntimated that the Bank Of ST. Maryss
about to establish agency here kind no
doubt Of furnishing citizens with a currency-and
Bank Of ST. Mary's may be very good very sound in
sution, but we have horror Of banks and par.
ticuarly this same Bank Of st. Mary seems too, that
others regard this bank with suspicion. whether ground
less or not do not pretend say-but
bills do not pass as freely gold and silver"
At Mobile on the 26th, exchange follows The
Bank OF Mobile checks New York at l2I per cent,
whilst the ruling rates outdoors for checks at sight
New York and Philadelphia iallA per cent In time
bills on the East the rates irregular go day sight bills
varying two per cent, TAG. Sight checks New Or.
eanr at 20 per cent and sales of specie at cent
was confidently said that banks will soon
become purchasers of Eastern exchange.
We stated a few days since that agent was on his
way from Washington to negotiate part of the loan if
possible. appears that the Honorable Secretary
himself has come that business There is little hope
however that he will be able get the money The de-
lay in issuing Treasury Notes. it said in consequence
Of some informasy in the law which will require
men at the coming session Thedepartment struggling
until then.
Incorporated companies too often entrusted to the
control and guidance of family clique, as in the
Erie Railroad; but the is hardly record where
we have had the interests of such vast population will
lingly sacrificed to promote party object family in.
terest as in that company 1t is amazing too with what
generosity the democratic Senators handle their whig op
ponents in the Southern Counties where the facts rea
tveo the defeat of Faulkners BILL properly brought
out, either by Mr.. Faulkner himself or other senator's
the whole population would rise in mass and wrest the
last remnant out Of the hands of those who sac
rfced their road to make political capital We can only
account for the of certain editors SER
vices among the democratic population in the country
who mstook him for an influential citizen and editor
AT Boston yesterday, $1,000 st. Louis City Bonds per
cent payable semi annually in Philadelphia redeemabe
in 1885, sold at SO per cent.
Auditor of the State of Ohio has issued the follow
ing notice =
AUDITOR sr SrArEs OrFIcE
Col. MEpAnY yourself, and editors generally in the
State will doubt confer favor upon the holders of
Ohio Domestic Bonds, by stating that in the payment of
interest said bonds the first Of November the bonds
themselves must be presented this Office that the pay
mel may be endorsed them The due on that
w
JOHN BROUGH, Auditor of State.
BILL called relief BILL passed the lower house of the
Tennessee Legislature the Goth u by vote of 81 to
90 The bill stay law in its nature operating to cause
delay of eight months in the collection Of debts II is
branch of reputation Of disgraceful charac
hrusng the OF the law between creditor and his
just Dues not Of the inability Of the debtor to
pay but to permit him to set his creditor defiance
twohirds of year. The pretence for this conduct
that the Legislature by its acts invited the people con-
debts in the redundant issued by the banks
and now destroys the of paying the Debts by
polling the banks to withdraw the circulation
That's to say the folly of former years. the ex
cuse for gross injustice this year.
We yesterday made remarks relation to the debt
ofthe State of Alabama The of debt then given
was Sss4 $50 The true amount is 90 $780, The dis
crepancy arises from small redempons Of stock payable
in future years, having been made and deducted These
iollows:-
Original debt, Gin $50 SAG
Redeemed this year and due in 1872 1884, 1866 '''
Decatur 25OO0O O mn
huntsville 228,000 $1,000 $40
Total redeemed, a oIs ooo
Present debt, 9.si3,33e
The late fall in Alabama money has been owing mainly