The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1843-09-30

The population for ls43 is estImsted at the yearly pro
poronate increase in each State seen in the from
1880 to ls40. The number of banks in each State
those hch go deng business excluding those whose
charters soon expire of which there four in Ohio
In Mobile there still the Bank of Mobile, capital
81, SEQ 900, but such universal indignation has
ben expressed against that probably will be put in
liquidation this winter OF the six banks in Louisiana,
two of the largest not in a condition to push their
movements very vigorously The bank in Mississippi
is in very dilepidated condition The enormous bank
capital operating in 1889 the of the argem
ports and high prices Of that year. 1t evident to every
one that the sudden withdrawal of that capital and its
liquidation to the extent of $s7 900 in year during
which the agricultural production has been so enor-
is sufficient TO convince every that exen.
sve purchases rise in prices Of imported goods
take place That the want Of currency is great ard
SO pressing that specie will continue least throughout
the coming year. TO be the best remittance this
try. The immense liquidation of capital going on,
must continue to assist in making money plenty
upon the Atlantic while the West must draw
its supplies from abroad by the sale Of produce
which is now going forward extensively, 10
rising market in England The business done in all that
section OF the country embraced in the above table must
be done without banks and will demand upon
the banks here their The imports of 1889
the Union we're sl67 OO0 about $40 per head Of
OOO mostly by Of notes made payable at the banks
in those States and endorsed and discounted by the banks
ia this city. This cannot be done The goods
purchased for those sections is with money collected
there and brought here thereby increasing the
laions here. As long this is the case ii is very ev
dent there be great rise in the prices OF imported
goods, and consequently that the imports cannot be
large This the great groundwork OF the trade for the
coming year.
The main feature ell the interior is a scarcity Of
circulating medium. In this position the government
has orw ard to make Of its necessity Of loan
to supply that want in degree which will be done
by the issue Of treasury notes in the recently
described by It is the opinion the most experienced
Gnanciers, that this movement OF the government
will produce entire change in our monetary affairs
The thing nearly has been frequently proposed in
England, particularly by the elder Ricardo. His
plan was f remember to ohviae the nuctuating cha
acter of paper, by the English government causing its
debt to the Bank of England, which debt constitutes its
capital to DO paid off in government paper money which
money the bank pay out gradually the redemp.
ton of its own bills in circulation, until the whole
was called in, and the government paper substituted in
circulation This government money to be henceforth
kept fixed amount and no other paper money allowed
TO be issued The Bank OF Eng land TO 60 bank Of
discount and dcpobe but not Of issue. By this operation
all the advantages Of paper money are derived without
its ruinous fluctuations. The able movement Of Mr.
Sneuc ar is an initiative step to the same results