The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1842-11-07
MONEY MARK EFT.
Sunday. Nov ember Go PM.

MONEY MARKET.
Sunday, Nov ember &C PM.
The Great Western has again put possession of a
ew days later Nothing of interest had transpred in
lifetime in commercial matters The papers however
tinue to discuss American affairs with much excitement
Mr.. Webster's speech freely commented upon in
necon with his former letter State stocks published in
ondon in the fall of 1885, Some uneasiness begin
ming TO manifest itself the subject of the old United
States Bank loans. One paper, after enumerating the
stock Pledged by Mr. Jaudon and remarkng that all the
States that issued them have become defauers states as
follows
SO far from the debentres being paid off in April last
when at maturity correspondent states that applying
Tor his half years dividend which ESQ, he received
only fle l5s Sd, which he told the produce of
the interest upon the Pennsy stock only The
question is of course TO what quarter the holders OF the
debentures to look in future for the of the in
teres and of the principal suggestion is made that
Nessrs Denison CO. should sell divide at the value Of
the day according to the amount for which the deben
ture granted proportion of each stock which they
hold security among the holders Of the debentures
and further give them certificate that they would
their exertons to the deficiency in the value
from the parties by whom the securities deposited.
sale of these stocks to any extent is out of the
question: and the prospect very doubtful of recov-
cring any assets from the wreck of the United States
Bank, SO that division Of the securities among the
holders OF the debentuees TO be the only
for consideration and that TO be taken final wind
ing up OF the affair.
The exchanges on the continent little higher
Much excitement prevails at Mobile against the Bank
of Mobile, and it is generally supposed that it will
pode The Planters Bank has issued the following
tce-it's post notes sold at Is per cent discount =
PLANTERS AND MERCHANTS BANK OF MOBILE
MoBrLr October 2s lS42
At meeting of the Board of Directors held this
ing the following resolutions were adopted and ordered
Resolved. That this Bank will not pay specie for its
notes now in circulation.
Resolved That Certificates of Opposite bearing inte-
est at the rate OF eight per cent per annum the notes
OF this Bank of denomination of not less than hun
dred dollars shall be issued TO the deposos holders of
notes now in circulation which certificates notes shall
be received any time in payment of debts to this
Rank, whether due or running to maturity.
Resolved That the President and Directors of the Plan
tiers and Merchants Bank of Mobile deem necessary and
eSpcdient to call meeting of the stockholders and that
the Cashier be directed advertise in all the
OF this city, converting them at the banking house the
further that he address circular las far as paccabe) to
all the stockholders sending them copy of this resou
DAN'L. NJ. RIGGS, Cashier
The Erie Railroad management say that they had
balance hand at the LIST April last but they do not tell
us IN their circular OF Goth April why they permitted
their acceptances to be protested early January 3
which we find upon reference our files was TIE
day we announced them protested. If they are
receiving $4,000 per month, from that portion of
the road in operation, which they pledged to the
first class creditors where has the proceeds gone and
why have they not paid the collectors employed last
spring to obtain subscriptions to their stock That the
election advertisement postponed altered with the
Of the requisite number of Directors
doubt The respectable Directors appear to know
nothing all about what going in the office and
inclined to think that the alterations and postpone
mens Of the election, the expiring efforts of few
Numbering mismanagers to perpeuae their power How
many times that notice will be altered, can
magne Let the Stockholders assemble however, on
the 7th and prepare for the election the 18th Of
November. The people of the south counties have
timidy permitted their dearest interests TO be sacrificed
by family and their political associates. Had it not
been for the harangues speeches and efforts of political
editor when they mstook for influential CITIZEN their
eyes would have been opened much to the endn
cy Of the management Of the Erie Railroad. Incorpo-
lated companies frequently taken possession of by
clques but there is hardly record where the
interests of such immense population have been tram
rled upon and sacrificed for selfish purposes is illus
traed in that company 1t is useless for the contractors
the stockholders the citizens along the line to hope
for prosecution of the road while it continues under its
resent control No capitalists in this city will subscribe
dollar until the management passes into the hands of
who DESTROYS rather completing the road TO the
hest advantage than ohsndng the funds Of other people
for their own Individual emolument and that Of their
friends II is ofhe utmost Importance to this city that rail
Dad communication with the interior should be had Mer
camille already feel severely the opposition OF Bos-
ton. As instance, may state that old Spanish
house here recently received importation of cargo Of
grapes and rasn from Malaga and for the first time in
80 years they failed dispose of at auction On enqu
into the among the accustomed purchaser they
stated that country dealers longer bought six
months stock in the fall They bought small quantities
because Boston open to them all winter and they
supply themselves at pleasure. The owners Of real
state and other property feel the nusnce of this
of affairs and would come promptly forward in aid sfthe
road If trustworthy placed at its head
bill to authorize the banks of Tennessee TO issue
small notes. as measure of relief passed the lower house
of that state, on its last reading on the Goth ut
In recent article, mentioned that Gen. Duff Green
had, during his late visit to England ingrataed himself
with persons high in authority with the view Of bringing
about commercial intercourse Of reciprocal chm
ractcr between this country and England than has
hitherto been done. The General returned by the Gale
donia is now in Washington developing his budget to
the President in order that he may favor the scheme in
his next message 1t appears that Gen. Green looking
about him. and finding that Twas becoming the fashion
responsibility and take the stump ON all
occasions and emulating the glory of Cen Cass in his
letters the French people the right of search took
holder fight and constituting himself general
on his hook sarrdfor gland here gradually
crept up until he got Sir Robert Peel by the ear into
which willing organ he speedily poured the glorious
scheme with which he bursting. 1t to adopt a
rcay by which reciprocal and modified duties should be
imposed in England and France American produce
condition that the manufactures Of those countries should
I've admitted into the United States in exchange at duties
corresponding with the rates charged abroad United
states produce Sir Robert of course listened with all
due cvility and good WILL which heightened by
the remembrance that his fortune and rise in the
world, grew out OF the foreign market for printed cot
tons armed with this success the General Immediately
departed for Paris and laid before the citizen king the
advantages be derived from fostering the produce OF the