The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1842-07-23

Decrease of circulation Csc 500
In relation to American securities, improvement had
taken place. The London Times remarked as folows:-
The late advices from the United States announce an
ADVANCE IN almost all the American Stocks and the
ponds OF railroads In active operation likewise
demand there and higher prices obtained for them But
there IS no corresponding improvement here On the
trary we think It would be moro difficult thsn three
months ago to make considerable sale Of stock
not say at rates equal to the New York prices
put Of rates at all approaching those prices Indeed
10 not see any good gre unds for Improvement Marvand
ofthe Oldest and respectable States has not been
P'ovae tor NE nay yearly interest due here her
STOCK on the Isl INST All the banks in New Orleans except
fve have failed in their endeavors to maintain specie paw
menso the great injury of the immense the west
all reputation is not put down by strong and general
expression Of public feeling. The consequence is that
New York, being precluded from negotiations of her
'tock fn Europe, has been borrowing att per cent
This deneates the state of affairs that head. The
only transactions had been few Louisiana sterling SIS at
81; New York SIS, 1885, IS; Ohio 6's, 1850 10.
The London papers contnne to speculate the mission
of Messrs Palmer and Ricardo this country One of
them asserts as follows:-
Should that negotiation terminate avorably, believe
their main proposition will be the establishment of
bank basis which will govern the internal exchanges
between the different states and also form the of
remittance to Europe The foundation Of the proposed
plan Will be subscribed capital by the existing banks
each OF which will have proportonate credit it'll the
great central institution 1t is contemplated that the
government shall have any connection with the insti
tuition.
What authority existed for this statement do not
know If any such project entertained, the gentle
men referred to have had the good carefully
ceal the matter here The object of all banks in all
countries is to effect sales of British manufactures and
remit the proceeds to England" The people of this
country have however, had quite enough of such an
easy modeo remittance" When actually in want
offoreign goods there any difficulty renting
the means of purchase. A National Bank, which is a
6Vv,v III
the country and is specie forced out will not speedily
again find favor with the American people.
An arrival at the Hague from Java with dates the
March, brought satisfactory accounts The gov eminent
produce for 1912 had been estimated as follows:--
Java CONVENIENT PRopUcE FOR 1912.
ndiss, Ss"' 2sssa 1 Tes b se''' ssseSs
Cinnamon, lbs. $4,000 Cochnea lbs, 1900
The stock market was but little affected to-day. Sales
were small. Delaware Hudson ]; Kentucky 6's
per cent; Ohio 6s per cent? Harlem Railroad stock fell
So since yesterday.
A good deal of excitement created in London by Q
stock specuator who pretended to have received letter
from this city, announcing the failure Of Lizard Co.,
New Orleans. The fraud promptly exposed, how.
ever.
The Bank Commissioners endeavoring to exculpate
themselves from any blame in relation to the numerous
and fraudulent failures among the safety fund banks
They state the fraudulent banks have been repeatedly
thoroughly examined and that two of them had frandu
lent the extent of S3s7 00O" If the
statement is true of what posi- lie they BET The
simple matter of the fraud would have occasoned no
loss to the public il the bank capital had been utterly
disspaed previously, and yet that fact the commits
soners utterly ignorant their fire.
quent thorough examinations" They evidently q
useless tax upon the sound banks.
There three insurance companies hat have been
Eve years in the hands Of receivers viz the Eagle
relationship and Howard The secretaries these
panies have in all that time been allowed
by the receivers salaries the time they have
drawn their regular pay from the stockholders. The al
lowances have been as follows
.4iored By Total pay OF