The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-10-04
MASSACHUSETTS,.
THE HAkv TIMES.


From the Springfield Republican Sept "a
Now that the aUes are "out OF joint" there II an ex-
he has goi, much o. he Is An indi rdusl
must be fool ro 70 that all ths ia but ,e nporHry
q as o. 0e Sss .0S Ana aa.
headwsy again The country was never 10 rioh
more bountfal harvest vas never so we'd away than
lies IN the granaes and the warehouse Production
10 ample ocnsum puon certain and inevitable Something
has eos into the gearing ard stopped the whees-na
soon This nehlng pulled out all u machinery will
saars sgain, and We shAli go on sWmmngy.
The trouble now is for money. man worth half .
million Of dolsTs, and doing business New York told
friend OF ours the other day that be did not know
who're 70 hook for hundred dollars Suppose this man
called upon 20 pay IL In ordinary times Ss psp per
would DO dlcouned at the sark. and hour or WALK
Now. ,se banks discount, no sale for
hh sock his real estate Therefore, II bis per
tues hs OBLIGED suspend, and yet DO may be actually
worth Ten times A. much - he owes. 30, Why cannot the
banks dhcounss Are they uDsounoY Not all They have
ell made Their dividends up to the present s aud have
beer Going coed busness They are sound, and their
bills are eocd-just good - they we're.
Let uS, ,bep, tell the IN, OF the reasons
that every boey vii under,,A5d 1, Tee YES, n very
Iueey ln1ebted the East The balances all In
direction he accounts between Ohingo ard New York,
instance ave In the habit OF peng settled ey bills OF
exohApge-thst 10, man IN Chicago, owing man In New
York, another man In New York vho him,
or buys bill Of exchange OF broker sno has funds In
Yes owe. any BODY IN Cn,csso or Sss is prscicaIy Inc
cate In TINS dilemma, tho Chicago ps0ple get hold
~ ell the Eastern money they can, and seni hers
70 ora. on, a. excnsnse ~ nigh ~ I'VE per
cent In this way al the Eastern money Circulating
At he West IL forced back into the banks bore Tor
redemption This gives the banks oil they DO; AM
insesa o. dncourIrE TO the public they
obliged TO bend their energies 10 the Redemption Of their
circulation. Tails then, 10 OF the why money
tight here aud ~by perfectly solvent
Obliged 70 suspend psyment fne remeay for this the
pouring In nom The west IL I'm epso depos q proiuss
The ptiee Of exchange be reduced Measures
active operation 70 bring about that end IN
tpey oonsnmmAei ~e shall be lci 40 p thai quarter
Nov. Then, how shall wo behave Ia thir crpsf shall
be uspicious az f-ighenedf Not al s we ma &c
any Fsrd for interests Confidence IL vhst
We need We need money certainly, but re nsed cond-
banks which, properly used, would relieve everything
II INT hing car IN any practicable way he prevented no
man should be so sed 10 slspend. Men must pat
seves 10 sooe eosnvt enoe extensions ~Heu safe
ard pTsciioabe. ASaip, thsss no money end
II 10 pay thosd pay Throw every thing ino circulation
possi ole and we shAl 20 easy through The pinon
We al trght d 81 70 c5mprenend tht thipg:-ThA, the
coentTy ~ and caotot fAlihaa general crash IKE
have pAsftd away and in that time &c have hal fall
centsry OF material dsvelopemsni We have ga just
mUcb-nsy, -e have got more property thaa ~e h.e six
moplns ago. Bat banx fails Wny does fAnS The
Hartford Coor Bank held sco much long Il could
not realize rapidy tpocgn 10 mee tns trsfs UPON YET
tse Hdrvcrd Tine informs IN ihai ia Ds will Do pad Ia
full 90 of The best bank men here informs that
own batks ell sound and 10 god condion. We te
Eeve "a, and believe cover, that they will very
be ready W help the ret or Vs. The pressure felt
~ III 70 In rprDg ~ anywhere Oar str sen very
busy and trade 10 active, aud n We mspAfe ourselves
with decent regard 10 common sense shAi ali 20
through without the oss Of feather IN Bos lhe
men have formed neishborboods FIR assisting
atoher Thus, nAh dozen santa sho~ their assots
70 On another AID proving themssve 10 be sound hep
each other =, the banks. N A 10 ten th0utand dollars
short, ard and have bet seen them ;hs, Of
suyplus, tocy end 70 A. who returns vhen IN pees u
ana be has some,haE over. This 10 sensible, and ias
trAies whai We have atvsed.