The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-09-14

the specie vhs-s IL moi wanisd and taken from New
York where Il ought 70 b. Tho country banks require
little spscte they have credit In New York u oss-
This arrangement Of tbs specie hss dersnged the
changes incrf the rates, and added artificial dnca-
ties 10 the natural dhrenes or the market litter.
IN England Z; Our specie /, sos.ssrsd ssous and
casted about from "plAr to poN-in Englaud II remains
steady and permanent In London. When shall we have
REFORM
Frem the New York Herald, Nov. 10, 1855
We are perhaps, m tho verge Of most ezsraordinary
reaction or revulslon In the money market Whatever
may be the exact sAue OF this election the results thus lar
have shown deep change In the public mind relative 70
the commercial and financial OF the general gov
ton 70 the United States Bank might have popular
me great OF the people dislike large moueyed In.
shuton and dresd ia influence. the government. hsd
stopped there they might have done well and sustained
their policy. But they did mot.
The tariff has thrown into their hands vaE surplus
revenue They had put into their hands the whole cur
rency OF the country Thsy brosched schemes about o
speoe currency that could only convuiso and sgts
numerical country They declared against all banks
try and drove them rom corner to corner They tried to
orcFeo. paper money and destroy all tue bansng nstu
tons or the land The national bank which they deieaied
IN Congress they pursued to STATE legislature; nun 60 II
lie deer over h and mountain and compelled Il
st last 70 meet ito giant antagonist at the pcs al every
"DutchnanE Fretde' In Pennsylvsnia
Such mad revolutionary, rdicalos corrte Oh conduot
towards the COMMERCIAL ntsrosts OF this great commercial
nation could mol last forever The reaction besun and
government rifles will the "YascaDy politicians"
rot against the hest interests OF an Intelligent PEG.
pe The people Of this country are not fools they ere
INTEL gent and prefer sound paper currency, bssed on
specie and conducted sciedc princpes 10 al tue gold
snd silver that may be coined In century or cArted from
the Allegheny 10 the Rocky mountains IL the prospect II
not overloaded by contradictory news, this country be-
gins from this year rev career In specuatnns, IN bank
ing 10 buaness in trade Next year the banking capital
will receive access!on OF third property VIII rise,
in,erss, will fall and will start upon the ruins
OF the democ attic faction thu, have been "'areerng W
for some time
Look out for tie surplus revenue On tho 4ts OF March
shall have At least SIS 900 900 Of unavailable pub
Ito funds In the pet banks The rogues will fill their poo
Kets before they leave the sinking fhip
From the New York Herald, Nov. IL, 1855.
In the money kef there In and le comfort
The beat auction paper sold freely In the street for per
cent sud sometimes and 2h are demanded In gene
ever the result may be, 4. viii take long time to got
round The chip OF commerce and clear the breakers.
We have learned from the best GO In New York
particulars throwing flood Of light the
menb OF the Bank OF England towards the United States.
The intention for reducing the loans on American securi
ties, increasing the interest to check reduce
the prices OF cotton which the British manufacturers
slider too high and too advantageous TO- the American
interests Through the combined operation Of the Bank
Of England and whole banking system Of that country
expected that in three months the value OF cotton wi
be reduced IL to 10 per thus the exchanges
egsns' VI, Instead OF being, N they are now, in our
favor.
II such be the intention OF the British capitalists VIC
can and have ihem IN an
they stand. From the best authority learn that the
importers or New York have counteYmsnded full ttoo
thirds OF their fall orders for the supplies OF next spring
For several weeks pss every packet has carried cut these
counernanding orders few weeks ago several agent
from Manchester returned from this city with third Of
their usual orders.
In consequence Of these general movements among
importers CT Briiish manufactures 10 expected that
great ncreaee OF imports viii take place next yeara
seqaent cecrease In the revenue and complete defeat
the measures OF the Bank of England In regard to their
specie currency. The British merchants may succeed In
reducing the prices OF cotton from 10 TO Is per cont u
last bat by the corresponding redu ,tou OF imports
from that country the exchanges will stl remain Ia
favor, and We can still command the Ensllh bullion
ma-kek
The "cty aYtcies In the recent numbers OF The London
Times extremely tho OF the Bank
OF England That journal charges al the factuations
Gently taken place In the London Market 10 the wise
and upscienfc OF the bank directors In order
to coun.efacs the ard prodgous strides which
this country making towards monopoly Of the general
monsy markets Of the world that institution had
tract the local circulation to very large extent ri
the riiK OF their whole joint stock banking sysiem.