The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1848-01-21

Act circ 1850 SOS 1869 1886 750 10 II
It will be perceived that the actual circulation Of the
bank less the oath of December than at any pre-
vious period included In the table On the 18th Sept
the circulation had become reduced to fll,s7O,565
which less than it had been for long time previous
and the oath ut, with several millions Of bullion
hand than for the previous eight months, the
actual circulation about fifty thousand pounds less
than the lowest point previously touched. From the
first week in October to the last week In December the
bullion in the bank increased AGO. and the crcu-
lation decreased in the period fsl69so This
hibits very rapid improvement In the most important
departments Of the bank, and shows . detsrmins-
ton the part Of the managers Of that in
stitution to strengthen the concern In every
way, preparatory to the movements anticipated In
the commercial world We observe In the above
turns that there has been steady falling OF In the
'res showing that sacrifices have been made to
extent out Of the profits Of the bank in the
supply Of bullion rapidly This Is net strange when
take instance the fact that shipments Of
rom this country have been made at actual loss for
several months past; and It IL very possible similar
results have been realised the receipts into
the bank from other points The public and private
deposits have increased largely and the amount notes
In reserve has increased nearly four and . half mil
lions pounds sterling since October last and the
WHOLE the bank Is nearly strong IL was The
Bank Of England must make Of the vast amount
Of II is accumuatipg It cannot long maintain
the state Of 1t has preserved soong and there
is doubt but that In few months there will be up
ward In prices for every species Of property
and speculative movement in the great staple produc
items Of the world The increase In private deposits
indicative Of increase in the unemployed capital Of
the country, and operators Of a speculative charac-
ter will not remain idle, II there Ii any prospect
Of initiating any bubble The great capitalists Of Great
Britain only wish to be satisfied that prices have touch
ed bottom that there IL possibility, even probs-
bity Of lower points being realised and there will be
rush among the outsiders those who have connec
ton with the Bank Of England with the government
in the secret influences which brought to bear upon
the market to get good stsrt-to get in at the
mencement Of the movement-so a. to get out before
another rsvul.on overtakes them The year ls4s will
experience great specuatons, and, possible an
other revulson. A premature imitation in prices will
assuredly lead to explosion more fatal than that
recently experienced. There must be many CONNER
cal establishments in every part Of Europe, much
weakened In credit and capital by their connections
with suspended houses and will be necessary for them
to extremely cautious In their operations for long
time to come, they will ultimately 60 the way OF all
baSkrupts Many Of these will require great
deal Of patching up great deal cf nursing, to carry
them through and 1t would not surprise much to see
failures from time to time, after confidence becomes
restored and prosperity exists in all branches Of bust
ness.
The Canal Banking company OF New Orleans at the
last accounts had been subjected to drain Of specie to
limited extent. From some riapg cause bill holders
experienced pss,c, and Tor short time there wss
quits run Cor specie. No far the condition Of The
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