The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1843-12-11
Is OF STATE srocKs IN LONDON.

Louisiana, 5 Barring "a 6Oa6i
The astonishing Improvement in the domestic ex-
changes of this country matter of vast Importance
the commercial community and the of this great
and favorable change should he traced to the fountain
head. The whole and sole the fact that the
changes of the country controlled by different class
The Banks have been compelled to abandon the business
They kept the deusion that they only could regulate
the internal exchanges Of the Union, but circumstances
have opened the eyes of the people, and they are sur
psed that they should have been deceived long, The
city Of Mobile is the most striking instance of the
poly carried on SO extensively.
SIGHT EXCHANGE IN MOBILE NEW York.
1 sf IL: Se f iss 10 S "a a.
In little less than ninety days there improvement
of II 10 per cent Up to the LIST Of October the Bank
of Mobile the greatest mator Of the United States Bank
small SCALE we know of, controlled and carried on
the exchanges on the North from that city They
polised the business and checked when they pleased
when for their interest and governed the business ope
ratons of that section they in their wisdom deemed pro
per or expedient Their great speculations in Cotton
with the facilities they had command to reduce raise
prices that article they wished to buy SELL
ly by checking or not checking New York. placed
the whole cotton growing interest Of the State of Alaba
ma in their power They could make the fortunes
of the planters and welded great influence the
crop that State the United States Bank did that Of
the Union So long this Bank is in existence the plan
tiers of that State will be in daily danger of having repe
tton of the Of s42 and lS43 The Bank at pre-
sent poweress but its officers ready and disposed to
adopt the first favorable to practice the game
again. The exposure made of this about sixty
days since has hopc opened the eyes the people in
that neghborhood and placed them their guard for
the future At the time made the expose several Or
the directors of the Bankof Mobile making arrange
ments to expand their banking movements, prior to
/
feed the little wealth and energy left from the wreck of
the banking mania the State Of Alabama has been inflicted
with. The great Improvement in Alabama State funds in
this city, notwithstanding the efforts made by the Bank of
Mobile dpreciate their value at home and abroad gives
strong hopes that the influence Of that institution is de-
stroyed as thoroughly in Alabama as it is out.
QgorATIoNs ron AhABAMA STATE FUNDS IN NV York.
lsa.sI d: aals isSlais iiailsX sSae s,SasSi GA
The State money is used buy all the cotton of the
planters in Alabama-they ask for nothing better 1t
just good gold. 1t is far better than the bills
Of twohirds of the best banks in the country. There
about s. 900 of the State bills aaoat By the LIST
of April next about 81 900 will be destroyed leaving
in circulation little $sOoOOOO There due the
State Banks sl6 $40 from the planters of the State
more than half of which is good, and will be paid besides
all this, they have nearly two millions in specie making
assets amounting to quite to redeem 81
circulation. Bills founded this basis specializing rot
ten bank by special edic that after the first of October
the bills of the State would not be received on deposit
npaymen of debts due endeavored deprecatet supply
the with their worthless, miserable trash
The State Of Alabama has been cursed with the most blum
| dering fnanciers of any State in the Union. They
have managed to themselves and all who
connected themselves with their institutions. After
having passed through years Of depression and bank
ruptcy, the people of that State have broad field
open before them, unspoted by any offensive fixture,
one-the Bank Of Mobile They have the experience
Of other States to govern them and in establishing
rency let it be specie basis. Alabama is destined to
be one of the richest States in the Union She has
the strongest cotton soil in the countryher mineral
unbounded and the energies of her people
only require be left unttered and not subject to the
bghtng influence of unprncpled financial SPECTATORS
who thrive the ruin Of Others place them far above
their present condition The time has passed by for the
govern the currency Of any particular section Of
the country The movements of trade governed
by private houses. Individual in Mobile and
Montgomery have done regulate and reduce the
of domestic exchanges than all the banks in the
| Union would, if they could Messrs St. John,
Powers & Co. OF Mobile, have done for that city what
Jacob Little Co. and others have for New York they
have been the principal instruments in bringing exchanges
| between the two cities from IL Is per cent discount
down to 6la6 do private banking has lately been
established in Montgomery, Alabama, by John Henley
ESQ., transact all the usual business banks except the
issuing of bills. These private concerns, springng
up in different parts OF all those States, whose banking
systems have been terribly mismanaged. will do
supply the wants of the mercantile classes in collecting
notes due in their districts, and in reducing exchange
between their locations and the large cities OF the north
than forty banks governed by thousand directors
The monthly report Of the New Orleans Banks for No
vembcr shows great increase in the amount of specie
hand and also in the amount of their cash liabilities
| BANKS New ORLEANS.
| November ISL December let