The New York herald., 1845-09-09

dividend of three per cent has been declared within
the last six months and the profits arising from premi-
and exchange for the six months ending the t of
July. were 50 467 o. The returns from all the banks
in Virginia, and their branche, show the greatest uni
formity in the operations from year to year In six
months the aggregate of the above bank and
two branches only increased about nneyfve thousand
dollars This uniformity in the operations Of the banks
of that State, must be attended with very desirable
suits in commercial affairs We only want regularity
in the general banking of the country to pre-
serve the existing prosperity of business and to pre-
vent those speculative excitements which have
peatedy spread the Union destroying every thing
in their course.
revulson in commercial affairs s anticipated bymany
every five or six years. In 4s27 there was com
pete prostraon of the classes in 1882
ther general revulsiop ruined thousandsn 1897 the
speculative bubble which had been inflated burst,
spreading bankruptcy in every direction and destroying
banking well individual houses. The depres ssion
and deoaton the terrible revulson of 1887 produced in
every section Of the Union, continued without much i'm
provement until ls4l and ls42 when change took place
and since there has been gradual but steady advance to
more prosperous times. According 10 the rule, another
crisis should be in s47 and s46 but the proba.
by at present is that will be extended much hey ond
time All the elements of commerce are at present
in very healthy state The banks every section of
the country have not extended their operations
safe limit the system of credits is at present sound
and the average time very much reduced, compared
with previous seasons the anxiety mania for doing
large business upon limited capitals has yet become
very prevalent the supply Of goods has not yet been
large enough to induce holders to resort to forced sales
and the general system upon which business present
conducted must If adhered to, a continuance of
the general prosperity enjoyed at this moment by every
class of business The controlling innu upon
this state of things is the regulation Of the currency
The banks OF this city have during the past two
been very uniform in their movements and have kept
theii line OF discounts up certain standard far
we are able to judge from the quarterly statements made
by the banking institutions of this city and State the
facilities extended to the commercial classes have been
very regular in the extent and without any very great
little how limited the extent ofbank NAV
be, so long as it Is uniform and steady Sudden expan
sons and conactons in the currency the pr cpsl
causes OF specuations in merchandise and restrictions in
the money Market that have produced the periodical re
vulsions IN commercial affairs and similar results will
be again produced by similar causes.
The value OF the exports from the principal ports of
this country, this year. thus far has been much greater
to the corresponding period last while the value of
the imports much less Al this port lone the imports
this season have been about six millions less than last
while tho exports exceed that of last year more than
million OF dollars. This is very favorable re volution
foreign trade, and must produce very impro we'd
state OF commercial affairs throughout the country we
snneya statement showing the quantity and value Of
asmsns produce exported fspm Baltimore for the guar,