The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-06-25

We bad bssaarys Importers al sxpsrtsu q ths prssasus
metals, and II would not - far out Il tAs WY 10 sSuaaAs
n easst Il sxpsrts byinpssts dszi.g MAJ 6ns Hhs
would savs u the whole Of our Cahfsnis supplies. o
this imnsnss amount the banks have received osIy absa
three ninisas. The rest has passed int ths ha.As q
the people, who use II In the daily opsrstoa q trAAs.
This has materially checked the Issue Of paper ~ The
banks, and kept them within proper limits The our
rsncy Of the country at large never was better than ct
this moment, and It h likely 70 continue sound. We are
daily adding to orr supply OF specie, and thu hads Of
credit ID, therefore, daily becoming more substantial.
The eAly unsavorable feature that we have noticed in
the present financial movement, Is the d~isposiHsn ex-
hibisd to increase our indebtedness abroad, and what
ever difficulty may grow out Of the present expantsa Of
public credit win originate In this. The Bank Of England
has already taken steps to arrest the negotiation Of bends
for foreign estegPrisss, and we have no doubt moro stris,
gent measures will BE- adopted, II those enforced fan. va
have within thu past three years found markets In Enx.
land for full one hundred millions Of railroad bonds. State
bonds, &c, and the sale Of our securities abroad ID strA
going on. An immense amount Of English capital has
been invested on the Continent, in tue projects Of thu
day, and the government Of the Bank Of England hAvs
made several attempts to put . stop to 1t. By raising
the rate Of interest from tine to time they may accom-.
plsh the object In view, but 1t is exceedingly doubtful.
Capital IL so abundant In all parts Of tbs world
that the great banking institutions Il Europe
and America do not exert SO much influence upon
financial Affairs, as in times past, and their movements
are not, therefor ., 50 important We have not 80 much 70
fear from . cessation Of negotiations for loans, OF any
sudden check to tho sales Of our public securities abroad,
a. . reaction In tho public mind, and the loss Of that
onHdepcs which has been Of SO much service to our pub
&c works. We can do very well with what we have, but
We could not we'll part with much Of the capital invested
here. Hanything should occur on the othsr sids to com
pei holders Of our securities to realize, and large quaint
ties b sent hsme for that purpose, We should find our.
selves in . very unpleasant position. There may be dan
ger Of tia, and II would be well enough to provide against
such . contingency. We know Of nothing that can, In
the ordinary course Of events, occur ON this side TO D.
stroy or injure our public or private credit abroad, bat
causes originating in England or on the continent, may
force back upon US millions upon millions Of our stesks
for sale. the proceeds Of which would ~ required in gold
and silver. 1t may b. we'll enough to 10 prepared fer
this. Europe 10 in . transition state, and We knew not
what viii b the result Of the Ruaso Turiish affair.
The annexed statement exhibits the quantity ard
value of foreign dry goods, entered at this port for con.
sumption, and warehousing and tho Withdrawals from
warehouse, during the month ending and including Thurs
day, June %, 1853 -
MOVEMENTS IN FOREIGN DRY GooDs.