The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-11-26

ment in financial and commercial affairs of health,
character There may We slight evidences of pros
| perity-there may be me derate speculations ane
| moderate infiations-but there can be no healthy
action no real basis, no credit, no confidence, &c
long as such an unnatural, artificial condition Of
finances exists These institutions can never lose
sight of the fact that early resumptio must take
place. Every movement, every act. must be
with that object in view. An expansion
therefore out OF the question. Thu rees
Establishment Of new credit system is utterly mpos-
sible until we have specie basis to begin uvon.
We must not look for sudden and important let
up for an imitation in prices and for activity in bu
sincs. II would be than folly on the part of
those who attempted it. The financial and CONNER
cial systems of the world are rotten. Enterprise,
speculation and extravaganza have outstripped the
real capital and resources of the people, and nothing
short of contraction liquidation, industry economy
and time can restore things to their proper position
When we are all out of debt, when our banking
institutions get back again into the legal legitimate
lines of business, when get at the bottom 80 that
new credit system can be constructed upon sound
and substantial basis then may look for gradual,
healthy and steady improvement, and not before.
An attempt to expand credits or extend business
during suspension of specie payments must result
in disaster and defeat.
The Board of Brokers adjourned this morning over
to Friday, so as to give spectators and brokers
chance to take out the boys and girls to see the
soldiers and to eat their Thanksgiving dinner in
peace and quiet They require little recreation,
and we trust some of them will return thanks for
the success that has attended their operations
during the past year and form good resolutions for
the future. There is much room for improvement in
the best of them. As general thing, they an
ungratefu set of sinners. They live the fat of the
land and toll not neither do they spin, and yet they
are clothed in broadcloth and fine linen, lunch at
Delmonicos and look like gentlemen If they would
be thankful for and appreciate the many blessings
they enjoy, it would be well enough but they do
not AS bulls and bears they are continually grum-
bling and growing about the times, about the
banks about the money market, and do not seem
to think that anything goes right just when
they want it. II has often been said that specula
tion is demorazing, and we begin to think it is.
good, substantial dinner, surrounded by their fami-
lies for at least one day in the year, may have a
humanizing influence upon their natures and soften
the shell Of avarice that covers their corporate
bodies, and ndelibly impress upon their minds the
fact that there elements of happiness not entire
ly dependent upon the almighty dollar.
The Assistant Treasurer reports to-day as fol.
lows-
Total receipts SS5,334 ~
faymenis .......-.............. Iol,ovo oI
baiabce w
The following are the particulars of the disburse-
ment of the 4s5 80 paid to the receiver of the
North American Trust and Banking Company, as
mentioned yesterday
Discussed account OF the million trust t800,7l7 70
or which there paid Mr. Charles Aug Davis
agent OF Messrs Palmer, McKllop, DentA
Co, on account OF Ago bonds sold. t341 ,8l6 90
On account of 377 bonds col
lateral. ........................ Ioo,o4o w
To the agent OF Mr.. James Halford's
estate ........................ 1910 90
purposes ......,...............l 1874, at rs
8O0,7f7 70
Discussed on account Of half million trust s5ls 767 "a
OF which there was paid TO Mr.. Davis AZ agent
of Messrs T. NICK, Dent Co., on bonds a.
collateral. .................. $50 800 90
To Mr.. r. NJ Batchford as agent Of
the Girard Bank, Philadelphia :. l43,loo %
Also agen. Of Mcssrs Morrison,
OF LONDON. .................. lso,iW w
Returned 10 the Trust for certain
purposes. ............... s2,1o1 %
-3sl9,767 "a
The steamship Arabia. from this port for Liver
pool to-day carried out 81 sos, GAG "a in specie.
A dividend of fifty per cent will be paid by Mr..
Platt Adams, No. Wall street, assignee, upon the
Of ia, NJ Jnb