The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1844-02-17
are very regular and uniform

As business becomes active and exchanges of produce
between different sections of the country carried on
extensively, the above rates will become still further
equaized, and remttances from the extremes of the
Union made without the most triAng expense. With the
exception Of several sections whose currency still abors
under the effect of past oles the internal exchanges of
the country in favorable. prosperous
condition There two great for this state OF
things The first and principal is the state of the
currency By the equalization of value in different
tons of the country by its being worth much in
place another by its approaching specie ba-
sis than before receive the fall benefits Of
lated circulating medium in all the ramcatons of trade.
The second cause h that the exchanges in the hands
Of economical individuals who having light expenses
not compelled to add q half one per cent to the
regular charges TO pay the extravagant OUTLAWS Of the
Wall street banks doing businessn magnificent palaces,
worth full half their capitals The banks have abandoned
the domestic exchange and collecting business in
quence Of the successful competition from private houses
All the banks in this city have to do with their immense
capitals is to occasionally discount regular business pa.
per- and the balance they devote to whatever speculation
may be in the market.
The receipts of specie at New Orleans the 5h inst,
amounted to s55oso, Of which S5oOsO from Louis.
vile, and S. 600 from Nassau N. p making the total
ceipts since September LIST, So, 6l9 204
few days SINCE stated that the banks of New Or
leans making efforts to withdraw their branches
from the country. The New Orleans Canal & Banking
Company has been authorised to do So provided it
sens to renquishto the State the Of $4,000. due
from the latter. and provided that the debtors Of the
branches and the country debtors Of the parent bank
shall be permitted to delay the payment Of their oblga.
tions paying ten per cent for two years. and fifteen
per cent after that time until final payment, making an
extension of ten years also, inhibtng the bank
from issuing notes under the denomination Of $40.
This is requiring great DEAL but the anxiety Of the
banksto get rid of the ncumbrance of their branches will
doubt influence them, and induce them to submit to
the terms This bank has also been authorised to reduce
the par value Of the shares to $40 each The Union Bank
will doubtless be authorised make the same alterations
and improvements that have been granted 10 the Canal
Bank
The Appearances in the horizon Of events look very
suspicious. We have anxiously and carefully watched
the development Of the different operations that have be-
come visible within the past few months and we cannot
resist the conclusion that about passing through
another revolution that will create another set of mate
rails for the benefit Of another bankrupt law. The move
ments in Zeal estate within the past mouth have been very
extensive. The of the sales since the first inst
reaches nearly the whole of which is confined
to Manhattan Island Every day increases the amount
nearly hundred thousand dollars Prices have advanced
enormously Property that sold under the hammer
last February has been reso In the same way this month