The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1842-10-03
Principal Office
MONEY MARKET

sunday, Octs I'D r. M.
At Baltimore within few days past Baltimore and Ohio
Railroad Stock has five six doors per share
and yesterday was in demand at $32
1t has been frequently harped upon by paper that
Messrs Little Co. delaye nearly three months after the
opening of the books in making their delivery Boorman
Johnston Co. This delay on their part from the
extreme difficulty Of getting the stock recorded the
books of the Bank of Kentucky The rules of the
board of brokers, into whose bosom Messrs Boorman,
Johnston &Co to transact their business fol-
lows, in relation % the delivery of stock
New YORK. Aug. s, 1912.
The un dersigned members ofthe New York Stock and
Exchange Board do hereby certify that by the rules and
bye laws OF the Stock and Exchange Board and by usage
all contracts for stock which may become due during the
closing ofthe books OF any company postponed until
the opening Of the said books after which the contract
may lie over subject days notice. Of either party, in
which case they retain all their original character.
Nevins, Townsend &Co. L. Colt,
A. N Clifford, Sexas Nathan,
J. Warren, Jas. w. Bleecker,
J. Ward & Co. Dykers Alstyne,
Shipman, Ayres Co. Camman, Whitehouse & Co.
Weeks & Co. ]. Aspnwall.
Strictly accordance with these rules and usage which
is common law Messrs Little Co. acted And to avoid
an improbable speculation Messrs Boorman, Johnston
& Co. violated that law and equity by pleading
statutory law.
The great speech of Daniel Webster, Esq. at Boston,
affords matter for grave consideration, inasmuch as it
throws light the views and disposition ofthe exc
cuve in relation the regulation of the the
coming session of Congress- Mr. Webster with eminent
sagacy in the operation of the that affect the pub
lie mind states that large bank founded private sub
scription like the old one utterly out of the question.
1t cannot be gotten up least in day. or to his
own expression until the incoming of the Jews" To
start agency of kind at ALL that is to connect
the with the operation ondivdual business
in any way through the agency of paper money he
clearly states that it must be done at once, if It
must be done while there is distress abroad; and the pre-
tence must relieve the people othat distress fyou
DELAY until business has revived and the people in
Giro that pretence won't hold and
you fail of your paper machine altogether. In this view
Mr.. Webster emphatcaly exclaims -
Now he is sanguine than lwho looks time
within reasonable period when the wings Of this coun
try will have power work effectually for good
relation to this great object of the currency than they
have loud cheers) This very moment-this approach
ing sessoncalls upon them in my Judgment in the loud
voice OF patriotism not TO put of and not to postpone
hut to make the mosthe besof the means before them
and try the experiment (Cheers) They say the adj
minstraon responsible for the state OF the country
Well then here is Of the administration, TO
which the Executive pledged Why not try III II the
fails, let him bear it. Why not try 1T not
try it, try something else.
Here then the plain fact that Mr. Webster and the Ex-
ecutve united currency experiment, and that all
their influence, supported by the dominant party which
pledged scheme of Sort will be used TO perfect
it. Mr. Webster very canddly tells what the scheme
is 1t is that which was submitted to Congress at the
commencement of the last session. Mr. Webster expires
himself very strongly in support of il as follows
This is the best measure-the only measure for Con
gres and the people to adopt am ready to stake my
putation on it, and that is all have to stake, that ms
wing Congress will take that measure and give is
tria-wihn three years will be admitted by the wnoe
American peope proved itself to be the most BEN
ecal measure established in this country the
stitution alone excepted, Immense cheering? unaer.
stand gentlemen that mean that Congress sna tsnc
ia Gs II came from the consideration of the Cabinet
do not mean that they should take it as looked e @
committees Of Congress had their hands upon ~ -
when they struck Out the Prorision yo, n,ssnt an
not north a rtsh--it not worth the pairemn' ""
which the law would be cngrossed lGrea' chec,sp
It's now worth while 10 look back ana see wha .ha'
measure was. It was to have an exchequer poaro ..
Washington with branches IN all the STATES inns poaia
branchs, 10 receive and pay out all the public mo-
MIA a. recelve individual dcposites, draw and accept
bills Of exchange, and issue government paper money