The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1843-02-18
MONEY MAR KET.
Friday. Feb. 17-6 II. M.

The operations of the stock board large and prices
generally better particularly u S. stock The rise in
prices is by healthy. 1t arises from the pen-
of money in the banks which induces them to
lend stocks at very high rates, allowing margin of
about "a per CT only This enables persons without
to buy and stuff the banks with stocks at high rates
which loss be sustained should any demand for
money spring up. New York 81 per cents per cent
kentucky 6s per cent; Mechanics Bank l Illinois
6s fell per cent Canton per cent United States
6s Of 1862 rose per cent.
the New Board the transactions large and
followed those at the other board Mechanics Banking
Association sold at 72 From the report of the Bank Com
missoners this institution is able to declare per cent
dividend and retain surplus.
In relation to Kentucky stock may give the follow
ing proceedings of the Legislature the 9th nst-
CA report was made respecting the Sinking Fund.- by
Mr.. Mckee OF Garrard After enumeratng the resources
and explaining the condition, it appears there is deficit
of Sl29 000 which only be met by additional taxa
ton The report is replete with information, and COM
mends itself for its ability, perspicuty and justice
bill reported by Mr. Mckee accompanying 1So ,he re-
for the of the school fund.- referred to the Com
mee of the Whole for Tuesday next, by So ayes, 80
Mr.. Mckee also reported bill to increase the re.
of the Sinking Fund This bill levies tax on
exchange brokers' insurance Offices and agencies, bill
lizard tables which authorized to be erected IA desde
ratum beyond question: being the most beautiful scen-
ti6c manly graceful and uncertain of all games de-
vssd estate Collateral inheritances pediars sc. This
bill was referred the Committee of the Whole for
Tuesday, l4th inst"
The Gov. Marcy and the late Chief Justice Savage
have been appointed to examine the books securities &C.
and ascertain the condition Of the New York Life In
surance and Trust Company, of which sales are
making at so per cent. We trust that they will
take nebody word oath, statement but examine for
themselves investigate count calculate add up, and
anime Perhaps of the most ludicrous farces
examination OF bank affairs usually conducted by the
directors particularly the specie. knot of old gentle
men, with spectacles upon their noses bit Of paper and
pencil in their hands, stand gazing vacancy, noddng
at each other with knowing winks as the accounts
exhibited which, for all they know, may be theological
calculations They wend their way to the specie vault;
the porter opens the door, they behold pile of casks
boxes and bags marked $4,000 $4,000, &c. They then
with great mysery put thesd upon the bit Of paper
in their hand and add them up, and consider little short
of witchcra he total agrees with the entry the
books The idea of opening the packages to see they
really contain gold and silver occurred to them.
Once this event did happen in the case OF the Manhattan
Bank .when ii found that every package short
considerable sum, yet the directors had been swearing
time alter time truth out of England" that the specie
was right They should have the form Of the oath al.
tered and say that there certain number of wooden
packages in the vault marked with figures that amount to
a certain sum-
As specie payments enforced all points, ex
cept Alabama the rates Of domestic bills present
remarkable uniformity
CuRRLrr RATES OF BANK NoTEs AND DOMESTIC Bills