The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1843-09-05

Having obtained this he proceeded buy soveregns at
$4s5, and Bank of England notes at S. He got 1000
soveregns from Beebe & Parsha and probably a. much
from other quarters is stated that about an hour
before the departure OF the boat he appeared at the ONCE
saying that he from Ohio. and lpaid 500 for pas
sage Five dollars more was then demanded for steward
fses and in paying it observed that he had large
amount of bank paper, which he probably took
with him, having time to buy sufficient specie The
reports in relation to the Mechanics and National Banks
were untrue-the firm kept accounts with these
banks There was very brisk demand Thursday for
soverens and Bank England notes. and the high rates
quoted above excited suspicion. The young gentleman
will probably be taken in England.
The received by the steamer is of very satsfac
tory character Money continues plenty and cotton has
again advanced. Mr.. Horsey Palmer has again arrived
here probably in connection with business with the Ma
inc Trust and Banking Company.
Al the Board business very dull. Oho's fell and
Long Island |; Harlem H.
At the new Board but little was DONE subordinate
officer of the Phenix Bank lost his pocket book, which,
however, did not contain much.
The organ Of the "Fouriertes" charges US with an In.
territorial misstatement in relation the period when the
late national bank entered the political arena and sought
by its moneyed power to control the elections We stated
it to be 1925 The organ however, states that it was in
1922 1t of very little importance in which year the
work was commenced, since 1t is admitted that it
commenced However, when we have time and incliI q
ton we will inform the Fourierite, notw hssndng his
querulous impernence OF the little arrangement
which went between certain parties here and in Al
bany wthIMr Bidde, which resulted in publication, in
"Noahs Enquirer in 1885, showing the asute prott c.
zionist that there may be something true and yet w.t.
out the sphere Of his information He asks why the Bank
ofEngand does not mix in politics7 question sufficient
to ruin forever his opinion authority the subject
Of which he treats.
We have entered upon new year, as divided by
the crops rather "he crop" Of cotton. That which
has passed has been year prodgous production The
sales have been steady, regular and large at low prices,
while the people have exercised extraordinary degree
of economy in purchases. Large payments have bsen
made account Of debts while but small demand for
money for new employments has been experienced.
Money has therefore accumulated at the great centres of
trade until its value in the market has fallen exceedingly
low latter fact has caused the accumulation in
manner to within the last few weeks, by natural
operation of the exchanges As the progressed
the supply Of bills, at ali points, New York. diminish.
ed and the price The u.s. that money
cannot be employed to advantage here persons having
money to remit let 1t remain in the expectation that the
supply Of new bills will cause fall in rates which
will enable them to remit at less tina now consc.
quently do better than they could do with the money
here Atthe south the confidence in fall of bills is
great that spectators drawing days. In the
pecation of lower rates before maturity. With the
bills and fall in rates, great deal Of money will
to New York. and the So far less capital will this
year. in all probability bio required for purchase
cotton than last year. As New Oreansis the great
ket for domestic produce and the business has there
mostly for cash. may take the at that port
monthly for the past year. indicative of the progress
of events over the whole Union.
Rates OF STERLING BILLs-SIcHT New YoRK-Ex-
PORTS OF COTTON AND TOBACCO, AND RECEIPTS OF SPE-
yfe I'm Cent