The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1844-03-08

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The striking difference exhibited in these totals,
gives, in nutshell the foundation of the present
prosperous state Of trade and the regular business
Of the country generally The immense in loans
Is the most important feature Of the whole The falling off
has been just one hundred per cent in eight years.
Within that time the actual wealth of the country has
enormously the internal trade than doubled
and the people generally have grown richer Property
does not that fictitious value that it did in 1896 "a
the currency has become valuable In the legiti.
channels of trade the $207 26 in the shape of
loans, will carry extensive business in 1884,
than the $4l5 l9l did in 1885, There does not exist
that margin NOr speculation,
list in that the better The above table also shows great
decrease in the circulation decrease amounting
about hundred and twenty per cent notwithstanding
which, there is want OF circulating medium There
increase in the specie item of six and half millions
The proportion Of paper specie stands II to
in 1886 the proportion to l. The revival trade,
and the great decrease in the aggregate circulation will
great many Wildcat shinplaster banks which
will attempt fill the with their worthless bills
The first Improvement in the times is made available by
set Of financial gehiuses who exist in every communi
ty, ready at all times to take advantage of favorable
moment to practice their swindling There
several already in the field The Legislature of New
Jersey have taken in hand and the Bank Commission
cannot be viewed in any other light than shnplas
tiers. Planfed is small village in New Jersey
mentioned in the last United States census without
church, hotel schoolhouse and the few inhab
itans that occupy the two three dwelling houses
the place, have for bank than they have
for amin This village selected the location of
this institution account of obscurity The crcula-
ton of the banA is confined other sections The
commissioners appointed to investigate its affairs,
will soon make their report, the whole govern.
men Of the bank is beyond their jurisdiction. The
first issue of bills confined to ones Two's threes
and fves plenty enough. Every expe
dent is resored to give them circuation soon
as the amount reaches point satisfactory the nan
ciers who govern it, the explosion will be similar the
jacksonville and the consequence full serious to the
bill holders The bills Of city banks good the
specie can be procured for them any moment and with
extra charge The regular issues Of good banks
plenty enough and the laborng classes should be their
guard against bills Of any banks against which there
exists the slightest suspicion The New Hope and Della
ware Bridge Company, of New Jersey is similar con.
Germ.
The Ohio Bank Commissioners report that the
Columbus Insurance Company, and the Mechanics sa-
wing institution besides dealing extensively in
rotten institutions of Ohio have lately bought up the
Delaware Bridge Co, OF New Jersey and the Clinton
Bank oil New York They circulating all through the
country the bills of these banks, and PALM
ing of the farmers of that part of the country this
shnpaster trash for their produce for which they pay
any price, and take in any quantity In 1893, shortly
after the introduction of the free banking law in this
State there attempt made to get up lot of these
shinpaster banks To a great extent the attempt
successful The whole western and south western
try was filled with paper currency that not worth
the paper on which the bills engraved Agents
were started of in all directions with trunks packed full
ofbeaufully engraved bills They anxious to get
far possible from the spot their issues repre-
sened to from The spirits still in exs-
teuce-they will be in the field again old
broken down banks will be galvanized, and brought
to lifepresdents and cashiers will be found whose
names never were before heard of and the poorer
classes will be again swinded out of their hard
earnings by those scoundrels The Western States
rife for the Of financial operations like the above
The banks OF Ohio have very limited circulation, and
the inhabitants Of the interior glad to get hold Of
New York City Bills. All paper money issued from this
city is considered good The harvest will not be lost for
the want of gatherers We advise all who in want of
paper money to 60 into Broadwayo Wall street. and
purchase three sheets Of the bills kept there for
SALE For about shiIngs person can buy several
hundred dollars OF every variety and STYLE and of every
denomination-f up the blanks with some fictitious
Names President and Cashier and you have currency
Just as good the Planfeld Bank New Hope and Della.
Bridge Company, host OF other institutions of
| a similar nature, can produce.
The Committee Of Ways and Means will report to
the House new tariff bill It will be something like the
old compromise act only that the reduction commences
lower point. The provisions, as understood so far,
that the average duty commences at 80 per cent and
gradually reduced to % ad valorem in sib Iron and
sugar which have always paid specific duty Will range
higher than other articles This bill comes within the
text laid down by Mr. CLAY He present advocates
compromise tariff He only goes for protection, where it
is actually necessary; and compromise tariff gives su
cent latitude for every interest to establish itself The