The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-01-26
FINANCIAL AND CONNER GAL
MO N EY M A II X x y

SUNDAY, Jan. Io-o y. II
The stock market was pretty steady Throughout the
whole Of last week The changes In prices have been
very limited and AZ holders buy SELL the fluctuations
take place. The operations confined 70 three tour
leading railroad stocks and they do NOT 10 attract
any the professional street speculator. Tho money
market continues 10 improve gradually, but steadily
Call loans easily negotiated and the rates tend down
ward The banks are fun OF applications for discounts,
and money Is particularly sctive without any scarcity.
We must lock for great activity In business before the
lapse OF many weeks, The severe weather OF the past
few days has KEPT back great many vessels on their
way from Europe with large csrsoes aud the mporAtons
have consequently limited Notwthstsndrns this
difficulty the Sub Treasury has accumulated considerable
specie during tho past week. The general condition Of
the country Ia such a. TO require very heavy
Importation Of mot only all the neoessar1es, but Of
all the Injuries o. life. The high prices ruling
for every thing we eat wear AMI In any way must
swell The expenditures enormously, and will be impos
sibe 70 avoid unusual extravaganza Fortunately for
those who depend upon this expansion for the perfection
of their plans and enterprises, the credit system has
reached limit from which there escape by slow
and steady contraction. The impetus II TOO great TO be
arrested by any ordinary power, and our progress must
continue until brought up BY violent action. Al
present. the apparent prosperity Of the country un-
psraced To all appearance, everything connected with
commcrOiAl o
healthy condition, and every one sbundanty able 70
meet any expenditure desirable. Railroad companies
jump Al once into the highest credit stock scsurtc,
are Manufactured with grea, rapidly, and ind ready sale
a, fabulous prices. Banks spring up on nearly every
corner and In every village throughout the country.
HayiaGs banks drawing money steadily from the
pockets Of the Aoorns classes In all sums and loaans
Indirectly 70 rNlrosd companies through the different
Trust companies New insurance com snies up In
scores. and their ,a, invested In railroad bonds
ana stocks. Railroad companies are found IN
ovcry moneyed corporation bidding high rates for
money, and o. fat ~ obtained expanded IN
Improving Cd roatt or 10 extending new ones
All tbi. siyes employment 10 the Masses wages rulc
high, rents, provroas, silks, ssns Iscss, oIaplsc',
cotton corn beef, porx all nign prices, wnch
arc c.,y aud willingly PAID boosase everybody for the
moment has the means 70 do Creia the basis aud
the cause IL 30 easy 10 get IA that prices Of
no eonsequencc Public conndtEce Is every where and
IN oven thing. The grea. OF business do not
,t.u deub, their ability TO carry through say speSu
iaicn or any project Toe country Is ned vita all sorts
Of l.per currency and It Is easily manufa stared whom
every one is wiling TO take - that really scent ~
thouth there could be end 10 supply II Ia very plea
SAINT TO see such evidence Of faith and confidence spread
ing over the world nis really delightful to The ideas
Of nnance expand aud enlarge ans 10 SEQ the general
railroad oar long lines Of warehouses and splsu
did palaces our Of mammoth steamships ali add 70
our wealth 40 O nation, and they serve TO deveopc
ros resources and 10 adorn our oities. In their
construction they give employ thousands upon
,houssnds OF laborers and created substantial
evidences OF our Industry energy aud perseverance. IL
would DO pity arrest the progress ~ such enterprise
n 4, hard that those who do not always reap Il s
unfortunate that the evident epjoy mcrt men take In
producing great works should be turned 10 and
suffering but these things cannot be avoided Iadvi.
duals arc ruined while the many prosper Bankrupls
generally men Of tho mo~ Indou.snbc energy sod
terprsenen whose minds haze 5cc 70 sdva1ca o. tHs
are and their means men wro have t.en foroms, In
building railroads and bro-u ttpno pAis0as, wno
have done more 70 build mr. elites act increase the
facilities for CON municsscn and tso.pOrta,on than oil
the millionaire. in the oouniry. whoa these publ, in
provtmens are perfected bey arr pst oar sau
roads may ruin thousands Of socsbloss -blis my de-
velope more wealth and prosperity ;aso ten Tins The
s,reudRurs In any oshsr WY. Our brssu Alone ware