The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1843-11-29
productions Atlantic cities o. the following table
will show -
RECEIPTS OF FLOUR AND Wheat AT TIDE WATER
Third ipeek in Noe. Total 10 22d Nor

This immense amount of produce has all been purchas
ed in the Interior very fair prices The average QUOTA
ton in this market through the has been about
and In the interior prices have been correspondngy high
These two million barrels Of -four but drop in the
bucket when compared with the value OF other
plus productions of great establishment to
many modern financial geniuses how this immense amount
OF produce reach the seaboa and he distributed to
the markets Of the whole world without the aid of the
Banks and all their great The following Ia
BILE will show the great power of the Banks to control
this amount of wealth.
cling .Sp RECEIVING STATES IN NS SL ts,s n..,;
Circulation dost sSsssa; 2sSsss $4,000 asso
The absence inflated representation has set the
specie in motion, which is kept entirely employed The
receipts Of specie New Orleans from Sept lst 1912 to
Nov. 18th, ls43 $l2, 1855 500 This has been
used for the transaction of business reaching times
that amounts the aid of individual bills of exchanget
has produce ahoat the Hudson and Mississippi rivers
to greater than all the bank bills of the country
could have accomplished Small capitals in the hands
individual houses bring out the of the
try rapidly than all the bloaed capitals Of the
Banks The extent of the daily transactions in domestic
exchange in this city by private houses is IMMENSE and
one concern alone pays from five to eight thousand dol
lars postage per annum inarryng this single branch of
their business These important facts and admit of
dispute II is not the great circulation paper that is
on the oil the country an I'M
mense amount specie but judcious management
oil moderate amount, based upon sound principles of
trade The equalization of exchanges reduces the want
OF an inflated currency individual drafts, when drawn
by responsible men, for actual business operations will
do more to keep regular and safe system ofade than
all the great Bank regulators in the world 1t will bring
into existence class of practical that will monopo-
lie the business movements of the country and compel
the Banks to gradually wind up their affairs and close
their palaces Of their accord, instigate them to
involve themselves in wild and desperate game
will ruin their stockholders and half the community be.
Sides and eventually have their death struggles allie
by the soothing hands of board Of chancery
The currency Of the State of Ohio is in very bad con
dton The Banks of Cincinnati have ceased circulating
their bills The Trust Company has longer the right
to issue notes The Franklin Bank Charter has expired
and the other two Banks have only about ninety thousand
dollars out The paper money in circulation is from In
diana and Kentucky, and great amount from those
States. The Legislature Of Ohio will invent some new
Banking scheme at their next session which will follow
in the same track the last has By leaving the currency
to regulate itselfby leaving the people work them
selves out of their difficulties necessity will compel
them to govern their movements by the aid of private
bankers who have soul and character and not by the
needless, stupid bank fnanciers who have made their
fertile State bankrupt Let individuals deal with ndivid-
uals and in any honest transaction have nothing to do
with corporate bodies