The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-10-31

y 2. updrr ber osn s,op sheds and withhold from
NJ ss 30 70 t q nss: so: ;oo
ssps por, 10 Europe Lathe farmers then meet w
spr,Dss the 2oso o.. and consult together, and No
believe that their dsloe Fasr vill rosua IN good"
MASSACHUSETTS,.
DUrRB, PDAKIN'S AND sAyLEs CIRCULAR
Tue II October has presented seres Of financial
,sanitiss upequaIed for twenty Year, Presediug the
~ he IAN inst eli peIotaoos for money On bulls re-
osivsDle chandsc and real ostatc he'd about
s,ssd .,pas.oe Of s.ps Sus The rssnrn: "ess afssr
seek showed con IN ned CONTRACTION Prbbo meetngs IN
both cities deprecated suspension Of specie ous
sysn,usly 20 vent. were able meet their nmedisse lie
bli,les 10 oon Experience In all baukisg crisis hM
.ass are brousSs The spscs sssh.s bs.r orsd and
mercantile eda are essentially one and toe - ma thing
ina ONE, oo" IN Ne ZANE me g. ct
ses Of discount the fes names tnat nov command con-
depce, rules from IS 20 "a per cont Negotiation. Of oom
merc,A razor have neEly csased sseflpg exchange IL
quoted Il from Sk 70 per can't advanos, and much dis
oriminAnsp h nsas In Tho selec Ion Of Dilli.
The ssme dec In bank which took place afsr
he sps<nshn II specie payments In nay, 1887 ha FOL
ne .Ss .so nave sssu sn,sr he csu.es or the de-
cline have not been together the same In 1887 there
many Of aosol Insolvency among tue oauKs,
throwing cdium ell the institutions AT present
90 one ooub's that the Boston banks win wessner tue
WITHOUT osmage to their credit Whatever eviis
,be yse a. rather than Of management without an or.
cebon there has been endeavor 10 accumulate In each
scn in Tads !. aos e1iss IL seu.rsy admitted that
that surplus In the asgresso oil probably ose mo bad
debts The decuDe, nsreore, OF market vAoss, while 10
attributable the OF loss OF surpus Of pro-
uu, due sh aoe the peoess les OF % rngs banks,
insurance o mrs iss, and individuals, sho have been
Obliged 70 raise money on what have been 20 long the MIST
IN onparissn u annexed quotations with those OF
sour weeks since IL I'll notcsi decline varying from
a Do q, 4 has
The following d yic ends were pad Fresmen
s,S each o os. By sac S,: and
6 GARD, sa~vui, Irsr o1i Union, each per cent;
vsrics. Hsroosls' National Sorth Aasics, AYE, IRA
oes WsshiDt ton sebscr each az per cont; Atlantic,
Grspitc, Howard N1sh e.oh per cent
M1UP4c'unSo ConrAME.
me sles Of manufacturing snaTes have nearly ooase3
9Th proG cots Of neaUe d'vdsnds for ysAs 70 Q, ne,
many moIhs mutt eiapse befa there be anv a3uvy
IN This class o: investments. Nevertheless thre Il no
osse for ola. No species OF j'ia socs securities hes
spd Lswisep bede great nunosr o. smslsr sns,
By the oap,,s ,hersis employed Nov, a. under ses nu
mSrcus oissdvsrisges under which our manufacturing
10 invest 10 Corporations sae os Zoe smoon
capital In the annexed hst Of man fs0urog oompAAcs
ana an encrmrus amount % euoas In milk opersed on
rrfvsis sscouns folio - that 9Th moro economy IN the
OecbaDcai and npsnciA deparments sdequsse returns
win err long be made rendering ths kind OF property
sIperssos Of the past forssh., " which some q our
Eldest and heaviss eso cyumisson bsou
indicates no. 20 .on he f.a q "a .Sss =.
'pecs vs a'es ~ The boiuts fasy Of the sem under
sinul.ed BY zoe brilliant success Of lsls 70 1854, new
mile bAve been but from shs prodts Of the old MI
sales Of seocs oy he leading houes have becn COUPLED
demand fer manufACsures unaostsd while innauoa Of
The currency vss gcng on in ever an Of the country
for Bson Of credit 20. sub uited 20 the msouasur
ING late es regarded BY the pu ole In IL high sage
Of prosperity, was undsrmiaing Inc basis Of s pcrma
nent suocees Intimately connecsed win The backing In
erss The inna'ors of tho currency and or manufaaur
pe 0edis serc part sna parcel Of each other ths
psssssed ample quick capital, whom one rOss 70
'ody Gems and the oscer 70 twelve, tbs banks
.' rened q, upon , ,nsD.FA i.say Q, discount,
csnois Of available means when 10 process Of
time, oosos and ~oo rose nrssn and any o,ns, and
rank icars yer. carried 70 we ghst nmil allowed ~
sv, the mills orisd 70 The sxees for dscounn Ys as
r,aed II ne ousos, hcSe 10 for alarm MS no.
1o se 20 rede osses, ana 70 ornE II early day
,tcchs 10 ps- II sgepss have erred 10 length and
cha acser o. csds, the Conservatism Of slime OF di
our ns are no srpo.sd Tnroasa s MS ,ss. asis%
prosperity Gany Of our best mns haze accumulated
heavy snoen,s % the credit Of guarantee soooun haze
rcouee The saluaon OF real estate snd achinery.
have res seo, 70 good purpcse the almost over vnsnns
mspIs Tor org oIedis when lhs storm pss~d "
imlsi Cd, End thsu q CHS win oomnaai psogorponsAs
psioes in the shayc msket
movement ba9 Already been made 70 reduce dyedN
% domestic socds 70 sx nos,hs Shy hs reduotoa
not ace 70 four ~ dos net clearly appear Sne
pesiios q New YORK and Phadslshia 10 urged ~
Gumtnt ssaiptn BE tse IL 81 New Esgland possess
cvsry facility fr chesp prcductoa, and, therefore,
ps.a 20 srcsse fcs socedirG 70 NE ruin,us forms
ing sses n 70 posnsls there you'd
DC ess ayuncsa dew ana, ana 10 ne turn, len pro
S S.u D Asy .ro -, .scn pa = w. - e,nssfvs
RAILROADS
IDves's esn In ssn pss ere REGARDED with more favor
IA IN Atsk~ k.sek H. 49,
q shsrss Of the sdiss dividend pa,ins roads TIE
nafses, psioss have BEN veil msistained while The
200 .sosony o. mssssssea, @sasss,sd ), NE dfsss
ovs o. the bsst roads much appreciated thas
ricss decline N the .s,r, value % BE- spgrshsseed
ye ans lltrsis Central railroads. on the losb, met on
her ncsurr tsbts on account Of he small issrcst held
10 MS cry, produced bu, nue scc Ia tbis market me
sspsn'ion ~ ne sichigsn Central tpe day
~ more immsdae Consequence Oar capisaush have
sech 70 ga b. 10 mare ha 70 been soIa
snd sose OF The bones are sn,vn 70 have been soaced
win % limited . numb~ or oap,sau,s Who have fam
10 NE remuneysuve results Of m ing Lake Superior a
ncs svrp'nss that . considerable decline has taken
sesSes has ccsssd and the q,oauous are believed
teov their anss values me returns from me mines
Tor setseuees are q Jet 81 Rand
Insos ,ospe, held ~ 2so four months wishou, s,es
f1Insrse vp bsros, (CrDv )-Dsoned 10 $3.50 10
.gsns 81 ton, for TIE cores orsl,s 1, No ia vssy
sDssorA Tho ann uncemsni Of The psaponsmen, 4
ss dividend 70 rssn.,, 1858 hsssrso ssc srsd for
NOVEMBER l, oepreswd the rock t. SIS me necessary
smploymen The floating capital for pr vidng suppncs
for be mine ard for he ay cages. ths npossi
bty Of getting their br rco.ivabls dsoountsd Ia ms
regular ssy, and The inability 70 cell their copper csss
rave rendered THIS ssp Unavoidable. With bad dsb@
OF importance and with two millions Of p,upds OF refined
copper on band, % arrive 10 The sixty day., wth
nine proved up'' NV some year ahest, and nth
nsscmsri Inferior 10 ability aus Integrity 70 10 NE
country, the shsrhoId~rs have every guarantee for
unued and Pc maneni success Prodoc ~ nine months
10 1887, 1854 toos aEsna 300 tons for time In
1855.
PENNSYLVANIA.
MEaTIhs4 IL PHLAnaIrHIl.