The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-08-29

ne last crisis and q The scarcity Of money which had .uc.
ceeded It, In this measure and in the NOT less appropriate
auh rtty granted learn the bank oft mting the
said bonds ON deposits OF good securities a. hey were
money NE une and proIer remeGy 10, M
der hes been found The money which SILL exists q
existed before and which has been nom ,ntariy with
fears, or Of loo highly strained rexnsious, will gain
come fo,th a. soon - 1t 10 fully convinced OF
Mere n being any motive: .n sr ie sns, or any
By IL appearance and the presence Of those bonds
brought into Did circulation our city will soon attain
that activity of affairs which, besides being adequate TO rs
intrinsic and real wealth, 30 efcacousiy contr butes to
the development OF prosperity Ictte are no ilusory
y sod day are almost universally admitted We will not
nsn for We must nt the absolute conformity which
exists between hUe truths and the IDEAS We With impas
slbe severity defend ID In the days or trial SUFFICE 10
our own person Subtraction TINS 70 sanctioned for
the general benefit las firmly beleve those doctrines
which advise seek the expo, svenes, OF the ere
sted values In the unlimited resources Of The system
Of credit, the only Ut remedy for passing and ephemerA
evils. remains only for us TO hope, ~ we do
cation Of ihose principles will contribute pu, In evil
dence their previous spirit, and that they viii rot be
either restrained In their fight neuaized IN their
ton BY urjustinAble false deductions.
And truly there could be less shadow OF pYetex,
for showing ourselves irresouts in carrying out with
manly frmness the equenoes Of the adopted system
The bonds emitted by the bank constituting class Of
values 20 eminent that the more their character ex
ained into The more eason will be found for giving III
preference Thrice guaranteed ~ they are BY the nsu
tiou Itself which ems them, by the spontaneous respon
sbily which first capitalists have taken upon them
basis Of their emsion-we say by three such
securities each Of which is su tert they combine
large and unlimited degree Of soIdy 81 could be con
And TO this 10 added hat the bonds are circulating
medium sufficient for ali purposes, but tbs. when kept in
least but that their adm a. present con tented 70 viii
be in short time solicited. 10 evident that a. safe
and lucrative soon ss the rate Of interest
hall ful a.. IA lava
there documents bne Whatever advantages be de-
aired In the meantime, al the nrs moment the bonds
c,Y, We hins hat IN very sSoy. time sSey win be-
dra cut Of the circulation and replaced by the
usual means Of circulation. Whichever OF The Two func
mind 70 decide in which case they wiz be the most beDe
boent
The Board OF Brokers StaSnatss Trade
From Ia Prensa, Auguat
1--WE re TO be guided by the Information customarily
given for soma line past In the publications OF the Royal
Board Of Brokers, market could not possibly be In
more fallen or depressed condition. II would appear
business at all being done, either In sugars In
oonclu Ing these articles possers no longer any our
rent price or value For We compare their information
with the title Of their publication, viz Prices Current,
any value At all they would 81 loas give their nominal
value for the information OF The pablo Bat would auoh
least do not believe would One reason for our NOT be-
heving II ~ that daily witness quantities OF these
modnes more or exs Considerable carried board chip
for expectation Nov, although might be pretended In
Iadiction or opinion tia; these articles
ported account OF The yet then sort
Of vaiue be attributed hem and some fixed price
must be determined upon for fos eien merchants even
while they are eth In the possenion Of The owners
tho marginal ooser suoh CT No trAnaactions ap
Piled TO the extensive amounts Of sugar and cofees,
brief way Of oonoeang their object to NOS 70
be quite perea way Of doing 80, whom We reflect tina;
'e should consist rather In statement of prices than
In any account LIT Of Rsnsactons for even Il DO sup
posed that alec Of these Ar iol have nos been made In
any great quantities., yet therefore tho fact that sugars
and ooecs remaining In warehouse have oeased 70
their respective values, o,ordng to their several quail
tiesY There Is no question about IL We will ray more
and thai ~ that hese articles must necessarily ma3tsn
certain real ana enc I've price, being they articles
ofgenera use and consumption In our sland and also DO
New York, In Londor In Barcelona, well In other
cities Of spais, and In osher foreign places
s &c ;h me csse sna u ne OBJECT o. NE so,s,n
not only Of Agricultural productions but OF exchanges and
Of ck and OF shares In mercantile companies and other
sssociat nv ard cnarprtes, has been thai the pablo
might be made acquainted 9TH the utmost certainty and
exsctness OF the sate OF the mArkowhy Ia II that the
daies no. tven in The publications Of the Bard with
because such sise OF things "a suffered 10 continue,
win be extremely difficult for The public mind 10
viii the general dstrust 10 continue, and
(Which Ia much 10 be deprecated) perhaps when there
wa, SsSa eeny sony bnp ana s.ns,,e% :, ,ssas
kng catalogue referring 10 sales CT fruits cereals
changes and shares oil marked NO transactions" ard
positive value affixed 70 any one Of these articles II they
have vaae surely the mention % their price and
value ouRh. no, 20 be omitted IN publication which bears
the title 81 Prizes CsrTtE.
We cAnBci imsgbe or conceive any other satisfactory
solution Of this strange problem, which We have sh5 sn
above, uress be toe plan OF adopting for the fudrc
~ better suited 70 the Just desires Of the non
srd more adapted 10 the especial purpose and objects o.
the publication above referred 70
There Is another thing which wo viii fuIiherDo yor
ture osay with reference 10 the value price o! saaes
In mercantile or CHER companies with uspsc. 70 ouch
companies ~ arc engaged IN nero specuL ons, end not
bss be ssIS' rl,h some sho~ a. rsa.a5' t Rv
the real vtne or their shares cam o. be kno sn,
or 10 net, IN net. known In the market Bat
Railroad coEbsry Of Esvaaa' Gan 4 be po,slb that The
so osb has sTectee he Btaros OF This compiny such
q degree an 70 CAME them not even 70 have nominal
vslue prics Can the movements Of the railroad be CON
oesed from any one and has MOI been going rega.
lrly without the Interruption OF single lay, not win.
Standing the changer which the public mind has Under
gone repec. " spouy comJaaiesf The value and
prce OF shares which re.l and bnd tide produc
would be the case II no.hing but chance or pSobsbsy
or expectation or lees founded, bought and
sold. We believe, therefore, that even the DO
granted hal there really were no Transactions in 70
spec. 10 The shares CT The above mentioned company
yet In such cse the shares OF the company would
san continue 70 have certain price and value. i 10
be believed thA here docs not ex1i single shareholder
Of this any oihor rahoad company, where profts
able 10 pay dividends, who would be willing 70 sell his
shares par, whatever the course Of exchange or the
condition of the bou,se might Def We hesitate mot, on
TIC spo, ard ri once 10 answer negatively 10 tts question:
ard no doubt The majority Of our readers viii be q tho
same opinion. What thenf Why are such shares included
In the genera caleso,y and marked vita mo
aonS, Trey we're Of no price or value
IS for ourselves should certainly have RETAINED
from entering mo such line Of remarks n we mai not
Impressed with the vcon that In speaking we
have done We have been vng ex preston 70 The opinions
sibe Of The evils which aow from no, aching with the utmost
and crcumspeonoa In such uckish matters We shall
rot enter into any which might nd luce
nd q tive