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


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American credit does not to be in the ascendant
pom the London change leading journal remarks
| l,llows
ingushed from that of lest year, is that allows rate
ieiow par This concession is a most important one and
adeed would never have been made had it been felt
hat the money markets were in desperate condj
ion, as far as the negotiation Of loan conc On
he spot the essness OF money in England to hav
,ecn regarded with some eagerness as il that afforded
;hanceoi apotion Of the loan being tax en- here This
cope most ioriorn one and the people of the United
states may be fully persuaded that there class
ofsecures to which no abundance of monev however
sea can give values and that IN this class sir own
he tIln ,sa pre-e,nen'. ho"cvrr the hope might
capitalists to be on their guard, to remember the
Pecimens they have already had of American secur
This very gratifying, il they wony persist in their
determination to take stock but that hope may
prove MALICIOUS The accused paper system the sru
ment ~ which England has rapidly advanced in the pro-
cess OIL ensavng other nations She is in the annual
receipt of per from other countries as
attribute for money and credit loaned by her and squan
dered by the absolute and mproviden of other nations
and it natural for her feel uneasy when whole peo
pie, with prompt sagacity and rough stroke burst BY
the simple process of Reputation the meshes that were
woven around them If the threat succeeds future
oan are stopped the people will redeem their honor BY
eventually paying tho debts already contracted In our
article OF the ooh OF April exposed plot of the nan
ciers Of London with their agents this sdc to compel
the federal government by making instrument of ts
necessities TO do something for the benefit 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 oours The
London Times remarks % follows
The of this proposition which is coolly set
orth In the Journal In question: would of be
to damage the credit Of country which could tolerate
already set aside by the fate of the United States Bank
and the famous system of reputation People are begin
ming also to reflect the warke tone towards England
which popular when assumed in Congress ana this
Is an additional reason for disincnson already well
founded to have anything to do with American securities
and prices generally gave way. Delaware and Hudson
cent? Illinois o. b Indiana S !; Kentucky es rose
J; New York State q, 1850, J per cent
On Monday next the election for directors of the
Greenwich Bank takes place. The following is the Re
form ticket.
Greenwich BANK REroRM Ticker
For Directors.
Isaac L. varian. Mordecai Myers,
James NJ Wells, Laurent Bonnefoux
Timothy Whiitsmors. Gsrsst Green '
Horatio Mott, w. 8. Hunt,
Pierre Jarvis, Joseph J. Van Beureu,
Charles Yates, James Munroe
Abram Coursen,
For inspectors.
Charles N. s. Rowland, W. C. Rhinelander
Stuart Randolph,
On the success of this ticket thought depend the
NEEDY for those abuses which have during the past year
sunk the value ofhe stock of this institution 50 per cent in
the market remarkable fact in relation to the existing
is that during the they have been constantly
selling Their stock. For instance few weeks since
they held collectively 900 shares they now hold but 7s0
having sold 260 shares. Is this mark of confidence in
their own management Indeed three of the directors
yxh tor
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 to
tho best interest of the institution with view to the i'm
provement ofths stock II amusing that some of
The old d'Du are soliciting proxies under pretence of
favorng the reform ticket All who able should vote
themselves AMI trust no with their proxies