The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1843-09-20

The a.vaIs OF specie there the week ending SEP,
q, were sse,soo. most from Mexico. This position Of
exchange gives bu, little indics,Oa Of foreign demand
for specte.
The abundance Of money may be illustrated by the
fact that the cashier OF Hartford Bank who came 10
this city seek Investments applied to eminsn, house
70 loan money. "what n your rs,eF "wsll, about
per osai." "A per cent? IN lend you 100000 at Az
The cashier walked on. Thus 10 all sections the
oara alton o. trade has caused accumulation Of money
an all uarters, for which there employ ment. The
amount of the Ohio per cen, loan recently taken. will
In It's dis trbu'ioH through Ohio. give impulse bus
nefs, and assist in stimulating future productions The
low price sof goods and foreign produce protection
toour sps sie now. when prices high here under
paper india ton, the United States becomes the
Of remitts nee 20 England from South America The
Brsrs are sgresi msrke, Tor English wares, bu, owing
10 the shocking state of It's redeemsbe paper currency
aud the rest rctive SYSTEM OF England great dcuy is
experienced In getting returns Apsper imitation the
United States smoothea the way once. The English
merchant III en- buys his coffee, sends 10 New York,
forces of a, auction. and carries home the coin This
cannot now be done TO advantage cargo Of coffee was
offered 10 day English account ana about 900 bags
Sold The low rsngeo prc g. however, and the specie
currency, prevents II from being done to advantage
This pressure upon tn English merchants will soon
force further modhesi ons tOra from that govern
ment
e's'ep m ed 10 the state OF Affairs IN hooiie ana
the manner which that has kept the market Of
Mobile I'D continued agitation throughout the year
Inc snk, having the confidence Of lthe Mobile mer
CHI .nts received from them the power do mischief II
the active given II by the deposites OF the
merchants, which constituted the medium Of ruin TO the
latter. II the merchants would al withdraw their
deposites from the concern the market would become
steady aud regular because the institution would lon
ger have the Of sgtaiing IL. The bank would 10
favor its own operations, check upon New York for
length Of time at 10 per cent and encourage opera
tons. The moment little confidence was impaired,
they stopped short and the TO 81 per
being direct robbery Of all those who had northern
rem,t,ances to make. Cotton followed the Of
exchange, and herein consisted "the pickngsp OF the
wire pullers. How easy for those persons In the
secret buy largely Of the cottons the market during
the time the bank checked When for some weeks the
had been checking prices got down very lows
the wire pullers then determine day to cease
checking and in the time employ agents to buy up
all the cotton they lay hands Some brokers
would be sure refuse to sell the Of their friends
at such low rates, but enough found that obi
ged TO. These purchases greatly increased the supply
bills, and thereon the bank stops drawing; Immediately
panic takes place in the Market and holders Of money
eager to buy cotton with it, which accordingly goes
up cent per ID in few days the hands OF these per-
without moving bale the notorieiy Of these
facts that induced the institution abandon the
suspended pepper and conclude pay specie in order
get up stupcndous corner" in Alabama money, that
the State Bank stem may 60 Oft in grand explosion
Al New Orleans during the past year there has been
specie currency and existed aga,e the mar
ket Now nothing is easier than compare the progress
OF business in the two cities For this purpose have
compiled the following table, showing
Tue RAIEs OF sIERLrSc AND Nrw YoRx CHroKs