The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-09-25
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Total for the year. $50 206 ,765 Is
On Saturday, the 10th inst upwards Of and quar-
ter millions Of dollars shipped, which, with the
above, makes aggregate Of nearly three millions o.
dollars exported in eight days. very large portion
the shipments lately have been in CON- which must
draw largely the banks In the face Of such drain
IL must be folly to anticipate any speculative movement
In fancy stocks WAAtever Of favorable character may
exist in the internal affairs Of any stock company is
impossible to get up any imitation At present There
doubtless stocks the List possessing AL the elements
Of improvement but they cannot at present be made
available The tendency towards contraction and the
stronger II becomes the better, until liquidation sweeps
away the disbursements which many now labor
ing under. In a country like this, pause Of few
weeks months gives great strength and vigor and
it Is that rscuperative power possess that pre-
vents more serious and frequent explosions in
credit system. Within the past six months We have
passed through ordeal that has trisd and tested
energies and to their utmost We have been
visited with the whole catalogue Of disasters and have
borne up under them bravsy. The effect has been too
severe to admit Of very speedy recovery and we must
be content to do gradually We have not been COM
petey Frustrated by the innumsrable blasts that have
visited from all quarters but have in many instances
been shorn Of progressive powers and been COM
PEELED to stagger along under bare poles Those who
anticipated the storm managed get their affairs In hand
and secured portion Of their effects. It viii be
time before al vesges Of the wrecks cleared away
and navigation becomes safe again. but those who have
passed through have taken lesson that viii last We
trust years 1t has been mild to what we have
perenced.
would be very difficult to estimate the losses Of the
past six months by fire and Aood by disease and DEATH
Not section Of the country has eeeaped All have suf
fered more less We have had within limits,
We believe every misfortune but The infections Of
Divine Providence could have borne with resignation
but have had others which have been too much for
our philosophy to put up with We alude to the enor
nous frauds and defslcatons, which have done more
to pjuIe private end -, credit, than all the
ether calamities of the year combined We shall
ultimately from all these difficulties, and We
should congratulate ourselves that the effect has
been no In the face Of these depressing and
deprecating causes prices have been wonderfully
tanned. Fancy stocks have fallen heavily Is true but
more than circumstances warranted and those who
have not been governed in their operations the signs
Of the times have been serious susrers It did not
quire great degree Of foresight to the effect Of
tain We do not aude to for depression
in any particular fancy stock but the general
ments Of financial affairs Spectators in stocks FOR
fall have been particularly fortunate this year, and
their has been the result Of variety Of events
very few Of which foreseen BY the moAt arsghted
Sufficient had before the Schuyler expose
to justify the most extensive operations for fab in the
market value of fancy Stocks Every event Of any i'm
portance which followed that stupendous swndls,
strengthened the position of sellers, and many have
doubt reaped rich harvest out Of the wreck and ruin
going ON about them. There u lu in the great
xaelstrom Of speculation. ITS waters now quiet,
and when again agtAted viii be doubtless by reverse
movement. There Is . brighter day coming for the
bulls.
Mr.. A. Ncolays regular mi.weekly auction sale
of stocks and bonds win take place Monday next the
25th inst at 12K oslock at the Merchants Exchange
The excitement that has obtained during most Of the
month in uncurrent money has almost entirely subaide
and rates OF discount lower The large amount Of
currency that has been driven home for redemption IL
felt 1t the West where circulation much needed Not
withsanding all the talk that has been made about
'Western money" 1t stands hotter with thA people
than Eastern money. There is want Of confidence In
the New Eng land system Of banking that daily gaining
ground and the pabis ID beginning to distinguish .
secured from An unsecured currency.
The annexed statement exhibits the quantity and value
Of certain articles other than foreign dry goods import
ed into this port during the week ending and including
Friday, Sept 20, 1854
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