The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1842-02-05
Philadelphia.
tCorrssI ssdence Of The Herald

PHLADELPHtA, Feb. 4 1912.
We are enjoying comparative quiet to-day in
our financial circles. The banks are doing as near
nothing ~ may be, andthe merchants are, in this
respect, keeping them company. There IL not, 50
far a. know, any prospect of an immediate out
break among the banks. The "lsague"is under
stood to be formed and the bank at Camden il inclu.
ded it it. This bracins up Of one another reminds
Of the stsry told Of the Cape May cattle,
which rdn Wild in the woods until they become so
poor that when they come across food Of any kind
they are compelled to stand three or four together
pushing themselves up. while they gather it,
These banks, having plundering one another until
farther profit in tina, quarter is hopeless, they
p-cr themselves up for grand onslaught on the
little that remains in the hands of the community.
The people hereawsy see through the trap, and
woull not fall intoit although the Legislature
should net close them al up BY immediate resump-
tion.
Mr.. Road, the late President Of the PhiIadel phia
Bank, 10 understood to have resigned his Office in
dispeasare, in consequence Of that Institution be-
ing resolved, by a majority of its Directors, to
en- the "league." In his course he il understood
to have followed the advice of his son, John M
Read. Esq. The many recent dsasreements in
this bank asgur no good.
The rumors from Harrisburg to day are thick
and strong that the Resumption Bill, in the Legs.
Iatare, requiring cash pay ments BY the banks i'm
mediateiy, will certainly become law. This 10
well received by the community, but causes some
little wlncing by the banks. 1t 10 said that not
more than five oil the banks Of the city and county
will survive it. viz: the Southwark the CONNER
cial, the Western, the Remington, and the Ger
nantown, and these only from the fact that they
have very limited issues. Well. the general crash
could not come at a better time.
h. tRo fe<x~. - Il - l.
again large for Philadelphia State fves sold At 81
Ian advance Of 81 on yesterdays sales; though 20
far we can learn there 10 not the slightest pro-
liability OF the States paying the interest within
here, whose wish is father to the tn ought to the
contrary notwithstanding County fves fell off ST.
Inc rates oil discount on all discredited paper 10
the sane as yesterday Exchange on New York 6
tot. Specie Ito 3. In the expectation that the
immediate resumption bill will pass. Relief notes
are, manv OF them at discount Of tn 10 Der ceut
Tor currency, Should that bill become 4 law they
will soon be deprecated to double that amount
On "Wednesday morning, female of bad cbarac
ter residing in the lower part OF the city attempt
ed to commit suicide by cutting her throat. She
was OF in'emperste habits, and stated that remorse
and pecuniary embarrass ment led herto commit the
rash act. DIR Leshtel was called TO- and ronde red
her immediate medical assistance, and she IL now
in fair way Of recovery.
has been postponed to Monday ne 1t, il il believed
will terminate IN his discharge.
The Circus l. nightly filed by . fashisnable au-
dience The Walnut was shoekisgly desolate last
nigh. the Chcsnut has pretty good houses to wit
ness Sylvan, ParsaIoe, and the other dancers -
Parsloe tak-s benefit tc-aight; Sylvan to-mor-
row night. Conner and Mrs. Seton at Harris
burg astonishing the natives.
The sbody Of Monsieur Goul.ud, a clerk ia the
sffice OF the French Consul Of this city, this
morn ng foand floating in the Delaware at Dock
street, where he was supposed to have been drown
ed on the 9Th Of December.
Apsorsrurxrs nv