The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1850-03-31
sll7,44s 50
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l4i,oos -
4l,60T -
Io5 e2s 50
- $4so e2o o.
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TIE efYset which and fall back
on, the Bank has bills dis
counted and falling due,
none Of which have over

none Of which have over
ninety days 10 mature. ............ $1So,7SS d
According to this bill holders perfectly safs and
should submit any sserscs beyond the ordinary
disooupt After holders have passed OF these bills at
par would be we'll enough to refuse take any bank
bill not properly secured by deposit Of sound State
stocks beyond the reach Of bank managers. The only
really sound and safe paper currency in this country
Is that sued by the free banks Of the State Of New
York under the Law as 1t now stands.
The following statement which Is extracted from the
circular Of Messrs DuFay & Co, Of Manchester, the
grsst organ Of the interest," proves
completely the opposite to what 1t would appear
from their preparatory remarks that amazing they
not cautious than to dsduce by figures the
insolvency Of the spinning interest Well may the
spnners reduce their production for according their
statement the wants Of the world will take, this
year. 900 bales Of American cotton than was
in existence the LIST Of January last excepting only
and solely, the amount held BY spnners in Eusops,
which was estimated ct that figure and now generally
believed to have been less II any mercantile
In this city at meeting Of creditors to exhibit
such balance sheet and talk Of being able TO pay sixty
In the dollar from the scrsping up Of every red
cent Of good debts they would be considered unatles
Nov, ss party sonversant With the trade In this
city, would venture say he believed 100000 bales
be drained into the ports from this crop and IL
II Doubtful very ooCetful, II IL VIII reAon more ehau
$4,000 bales reduction Of per osnt for two
months, If continued long, save Manchester from
popular revolution
We afraid the eesptre IL passing out Of their
hands, never to return. Every resort to short time
working In Manchester heretofore although IL has
broken down Gotten speculstions this side being
aided by various collateral which have now
passed away has also built up spinners and in
jursd themselves We venture to cay that the extra
quantity Of goods turned out Of mills this winter
and spring by relays OF hands .. night working, and
lighting up morning and night will be In Of the
reduction Of the Manchester mills which has
tinued two weeks provided which IL mot ct all likely
they continued short time for tvo months But We
are wandering from subject which IL simply to ask
. calm consideration Of the Affairs Of Bolton, Oldham
1850 1850 " '''"'0'' - "'''A'''' o. ''''''''' ''''
In consequences AZ the large deliveries Of cotton TO
the trade during the past yea. It has Ss:n repeatedly
been gradually gaining on the production Since then
the Of the various annual Giro alars has dis
PEELED that ought to have because the
stock Of the chief desoription-ths American cotton
continues 10 ipcresse eth very sgnt Interruptions,
since the end Of the 1s46 II add together
al the accounts Of stock reeeived from different quar-
ind that the stocks OF American cotton left In
the various Shipping ports both 10 europe aud AIas
$50 GO bales wbst st the end " lSs6 the stock
piled hom the same date had been reduced to about
AOVOO tsiee shich great reduction upon . stock
during lss4 and lsss mad ranged ost $40 and
eO0otO taiss.
AS regards the question Of con, umpticn gaining upon
PREDICTION the follosipg facts concerning American
sottsn are rather curious:-
Crors in 10 years from lses 1870 thou Of