The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1843-01-12


ship England Captain Waite, arrived yesterday from
| Liverpool, whence she sailed on the 9th ult She
experienced very bosterous weather and had
we're passage.
The news she brings is of no consequence.
No change had taken place in the prices of cotton.
| The animation had fallen of.
The great prize fight between Freeman, the Anne.
rican giant, and Upton Slasher, off near Lon
don, on the 9th ult., in which Freeman was whip
ped. 1t was looked upon, however, as a made up
affair. IT was intended that Slasher should be the
winner They fought one hour and forty minutes.
Packet ships Sheffield and North America hence,
had arrived out.
| The CHINA TRApE.-As one of many instances of
| the Improvement OF business in Glasgow, gentle
| man informs us that when there on Tuesday, he saw
one house where little business had been done for
| months, close a single transaction of ElOOOO in
| power-!oom goods for the China market; and these
having still to go through the printing process at
home will yet afford some work to Glasgow hauds.
-Ayr advertiser.
| The Times" of Wednesday, states that Jordan,
late clerk IN the London Joint Stock Bank, has
written to trlend In reply to an advertisement from
that friend expressing his penitence, and has return
ed ELS, AIS of the notes which he embezzled There
| remains deficiency OF f3O0 to be accounted
The Levant Mail has arrived with accounts from
Constantinople of the l7lh, Alexandria 10th, and
Smyrna 10Th ult. Their contents, however, are.
generally speaking. without interest. CONSTANT.
nope correspondent assures us that the Ambassadors
of all the great Powers had sent in an utmatum to
the Turkish government the affairs of Syria, and
| that they were perfectly in accord with respect
to the kind of government on which they would IN
sist 1t was fully expected, says our correspondent,
that the Porte would give way to the representations
| of the Ambassadors.
| AMERICAN BONDS IN LoNDoN-The expediency
| and the urgency of general meeting of all those
who have invested IN the state bonds and other Sc
| fpSO off 1uiO n Ordpr IN eYt
and agree upon one common course OF action in aid
of the laudabe abors of their friends and advocates
on the other side of the Atlantic must be sufficiently
evident. Union Is strength banded together in one
| common cause and one common persevering course
much may be effected within moderate compass OF
time if not at once all that could be desired the
isolated efforts of individuals however powerful and
high of standing can be of little avail however un
discouraged by repulse and ill success they may dog
gedly hold on in their labors Sngly and separately
they are like the bundle OF sticks in the fable, which
one by required no Hercules to break piecemeal,
though in the whole past the strength of man to
bend or break. The examples are there too OF what
| the Spanish, the Portuguese and the Spanish Anne
| rican meetings and committees OF bondholders have
effected, both in the prevention of further mischief
| and the attainment OF a certain portion of redress
for past wrongs 1t rs not, moreover one great de-
monstratlon only that is required, which might form
| the nine days wonder and gossip of the time. but
the consequent arrangements for combined and sus-
tanned operations with committees organised to orr
gnate active proceedings, to wait upon and improve
|
dence and to report progress from time to time 1t
has been shown that great capitalists contractors of
loans. agents in the disposal OF loan bonds, inter-
esied otherwise in large operations connected with
state stocks, do not present those guarantees of
common interest, and therefore of equally disinter-
ested service, which must be desirable in the
tuition of committees to be formed with the single
| and determlnate object. For they have interests
apart interests distinct from those of the real hold
ers OF stock for investment and not for jobbing 1t
may chance besides, that they stand inculpated in
transactions by which the stockholders have been
prejudiced, by which many of them have been be-
trayed into their position such. Therefore it
would seem preferable, not perhaps to exclude them
altogether from incorporation in such committees
but to admit them only in certain proportion and
4 to small extent Explanation may be, will be,
looked for from several leading quarters respect of
the peculiar nature OF the negotiations which result
ed IN transferring masses OF the stock OF since in
solvent states from class of holders to another,
and out OF the cash proceeds providing for payment
OF certain descriptions OF more than doubtful Anne
rlcan securities of another kind. Some private bank
ers may be anxious to learn, for example, whether,
out OF the large deposits of American stocks in the
| hands OF Messrs. Gurneys and Denisons, much, if
not all, of which said 10 have been subsequently
| disposed of and recommended among country bank
ers as profitable investment, any and what portion
Of the proceeds was applied by Mr. Jaudon TO paying
of the post notes of the then quasi declared insol-
notes falling due. for instance, and held by the the
Lloyds, the Huths, &C. The Bankers Circular. and
the conductor OF that nondescrpt publication, could
|
would be called upon for such explanation of those
transactions, with the share he had them and the
parties by whom employed and, freport speak true,
commissioned in the per centage sense like any
broker, as he must be well qualified for. The
writer of of the letters from New York, refer
red to former occasion, expresses surprise that
the stocks of Kentucky, Ohio and other honorable
| states which have never been in default with the
payment of their dividends, but on the contrary
| have maintained their credit unimpeached,
whilst reprobating with marked disgust and indgna-
ton the Infamous doctrine of reputation, should
| yet range no higher either at home abroad in
market prices than between 20 and go though bear
ing per cent annual interest, and thus in effect
turning between and Sper cent to the purchaser,
| whilst" money is drug in the London market al
q per cent" From the tone of following passages
i'll the same letter. it would that these depres-
sed values OF stocks were considered as IN some
| way rejecting dshonor and discredlt updh states
| which had so faithfully maintained character and
| fulfilled engagements. This however is taking a
false or exaggerated view Of the matter. There
has greatly contributed to bring state stocks gene
rally into dsrepute, and so far has affected their
market values, but this consequence of well known
and ought not TO be construed as fixing
stain upon the reputation of the honest and well
ordered states. So long as Kentucky, Ohio, &C.,
punctually meet the payment of dividends, it need
not be, and s not of the slightest importance or con-
| Germ in the public sense to them whether their
stocks stand in the market at par, 80 per cent be-
lowpar 1t might as well be contended that when,
| during the great war against Napoleon, the Five
| pei CcntS HcIc ocsCcuucu UclOW therefore tHdt
the fact reflected disgrace on the British Govern
| ment and nation. With time the stocks of the re-
| spectacle states of the Union will ascend to their
proper place in the scale For the present at least
It would be far from expedient find this country
| flooded with more state stocks however accredited
| of worth and prohtably cheap in prices Ii may be
hoped moreover that, not only will the people here
refrain from purchasing state stocks but from selling
| those OF which holders at the depressed rates new
ruling Better Is it to hold now that their pros
poets would rather seem Frightening, although their
actual realisation, if realised they shall be, may yet
tax patience by heightened procrastnation
don Morning Herald, Dec. 7.
| Markets.
| LONDON MoNEy MARKET.-Dec. Although the rate
Of money has not increased, but still varies from two to
two and half good commercial paper impression
appears to prevail that the long sagnaon Of business
at last beginning to give way. The dealers in money
perceive somewhat Of demand than has been lately
known. though not efficient Affect the current