The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1842-06-23
MONEY MARKET.


The Stock Market has been good deal improved to-
day, and prices have generally gone up-Harlem impro-
we'd IL; Mohawk 1; Long Isani J; Illinois 4; Indiana
Farmers Loan declined , per cent.
The failures among merchants continue and
business generally is exceedingly dull in all depart,
ments The state Of business sensbly felt by the banks
which have lost the profitable part their business
consisting Of the deposits OF the small dealers about town
We apprehend that threoourhs of the business de-
the deposits Of that class of dealers has
to be- Tho business of the dealers confined in great
measure now within their capitals and they no long
er perceive the necessity of keeping bank accounts As
their means accumulates in their m it is disbursed for
such goods as necessary make good their stock They
have ceased depend upon banks facilities and hence
the whole ceremony of depostes check drawing Sc
is dispensed with in great measure. This is natural
and healthy operation of the progress the cash system
The sagnan OF trade is the necessary result of the
change going from the bank credit system to the ash
system OF dealing. This latter will grow steadily
and gradually the increased productive wealth
OF the country gives to its producers the means of
procuring other articles in exchange. Our merchants
are oppressed because their due persons
who cannot pay unless they derive the means from
banks The banks longer grant those means and
preserve cash payments Those who have sold goods on
credit will not get their pay The business hereafter
be done must be predcated the actual wealth of the in
terror, and to get this business excren be made
Boston has putoth her energies and is already ENJOYING
a large business
The July interest due in this city on the Kentucky
State debt has been forwarded by the Commissioners Of the
Sinking Fund.
Inc progress oil the project for the assumption of the
s'ae oeps may be in the following paragraph from
the National Intellgencer
a. ; s I'VE present pres visitors to city is Mr.. Ricardo
with the respect and regard due 10 10 M " nus
standing at home "'''c'er ana ms
The hopeful project for making the indus,r;ou, a Al, .
debts OF the extravagant will scarcely succsa
do so, these United States would become nm, -
Of Great Britain, and Lord Ashburton a yic,ro, r',
absolute power of the property the people.
The banks Of Cincinnati refuse any longer IN tn
any description of funds but spec and city bank notes IN
payment OF debts deposie The Ohio country ana
Indiana bank notes discount Of per cent for ,ne
Gle, and exchange at premium Of per cent The re.o.
luton Of the banks will purify the currency OF Cincnna
Il. and reduce every thing to the specie standard
The prophecies OF Mr. Bide are rapidly in progress of
fahment and the "renitcntiary claiming its ownr In
New Jersey an indictment found by the Grand Jury
against f. r. Bddlc, Vice President of the Morris Canal
ana Banking Company, for misdcmeanor appropriat.
ing FUNDS entrusted to him. for his own use Mr. Bddle
snrrendercd himself and appealed the Supreme Court
where ho designs to defend the Indictment
The money used by Mr. Bdde and Mr. Lord brother OF
keasor Lord President at $4,000 of expensive bubble
the Erie Rail Road was in the of anthracite
iron work in the stls of Pennsylvania sneru.,;on that