The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-08-31
EiNkNS;iki. AND COMMES CsAA
M q N &c Y M A II X r. r

The week lost closed has been very active
opancerS Or all csAsea BAok-rS brokers and spesnis
IN rRroad stocks and other fausy sscuras nave
throughout been IN state az great excitement rne fail
which have ur-ed among the banks, tho rfuhsn
end The brokers have cleared sway or Iev vuho,sh
and tire Close yesterday there appeared 70 DO more
quiet Ais~dy Of things Those Who think thai Tue
comparative cam ~bioh followed tho ,hoT, psrod Of
s:Os u and excitement Oopuuue fr any esa,s OF te
siii tonn find their m!asske The money market, tue
credit syste che po-i ion Of banks, brto oty ami
ooansry the psslon OF individual eaOns the ezra
vsgscce Of private expendures.n fact, al the ele,n-c'.
Gesncisi esrser Ia diseased di=ordered cordi
peso tiBceiv cannot oe without the u,up
prccssp--~ g. ing through
traction and iqu.aasien Ihe eredis sys,sm may b.
ps,shed aY Far = ape, the bsas. uosy keep NO the1
expansion, and the surface nj monay matters az
pear enaeeaa ard inviilcg ba, there lars b.io~ all
,hs DANCE. and dse uotlon Pablo cvnadeoce has been
,srioosIy dI' rbea and Restrictions VII, hereafter be
placed upsn sab!c and private credit This may
icad to failures, bu. Is The oa,y yerney.
We in tie n,ast OF GnanoiA Yevu sou Sod ,he
proper pu,sus Elsvia:o ID poss'
IL effects Bs, sng 5ousee. rsirosd U9psnies and ind
viusl Gems which In reality osoiger aud past hope
sbouo a. orce bend To The stor and Biso themselves Ia
ss'e Of suasor lie 70 l. Il no. criminal, for puolc
private Of that k,od condition req afr
ing 70 be carried along by the desperate syssra
k oy the payment Of for money, and
extraction Of what little substsnc enay sill be len to
continue along IN Toe foe Of Inevitable result, when b.
anticipating 1, something nishs he saved their
dcis The bsrks bankers railroad Con pauies end bcok
ho have recently failed, show general tong,
most begrary Of empty onors Is shown tsas
moa. Of them have been In failing condition ,ug tus
should have slapped ,nths aad nnon,hs sHoe. L,
consequence OF his depletion the rosu Of os. desperate
Dsnoie'ug to keep their heads ls longer above water
there very ne LEFT for .ho general creator Tiers l.
noting the shell LEFT the meat having all bean
extracted. AT mis- moment there hundreds Of
camille houaes in ths city, and azores of se
nnlasors, bspkrupt beyond all hope Il woaid be nacb
better for every Of thoe 10 sop al once,
and the process OF nqnidson hsl 20 oy
weeks perhaps jnhs and after all fail. with reduced
ssesy spe Increased liabilities Uutl TIT. class Of e1si.
ness and anaSclsrs stop ami rsisye TIE market om
pressure Of demand from sources ,ae srugen5
In money matters mug! steadily inoresse. Iudepsuden'
OF these pivs,s housos whi,h oTcr, such uuro~sa
influence upoa the lnanclai world hsy. dozens
ros com paries In market seiyug every d,is,
that be obtained, ct any cost matters very little 20
these railroad fnanGers What hey PSI for money, - ho
fall upon the poor deiudoo The Grand
programme laid sut by the railroad senert must he
carried out, possible, at any immediate sacrifice. All
,nis must continue q long NJ bsnrng institutions
aud private banking HOUSES continue TO sapp'y the
railroad companies with money a, hgn raiss o.
interest, TO the exclusion OF the commercial clAst
Tho entire communy--rs,lrose bordho'dcrs, railroad
stock holders spsouistors merchants, manufacturers snd
the me- aanics--AH ,uld bs beneaped By ro ma
dis,e Suspension or those rsi road companies which
arc issi 10 this way koepng their nsad; above
water II could have peeu muoo better for the Michigan
southern Railroad Company had II ''sene 10 prot 81,
mont and months ago II would have been much bes
for tha Csvek1d and foiedo Railroad Company had
suspended dividends yesrs sgo The Pean,y vanis Goa
Company never shou,a have pail dividend. The E.
Raro.d Company shoald have sop1ed before Mr. sorsr
made ss. large loan. The Stockholders In all theso
concerns would been much bos;or OF to-day nss a.
these thngs beer done. rhere this moment this
dozens OF Incorporated companies struggling along
ekrg oivictnds with the sreaie1 officially, BY Dor
rowins money ssd dnarceriag FOR nnsrag debt: which
uust sooner later swamp them ana over-to,m tho
tire nseres, Of oil the stockholders An immediate
pepsicp Of hsse Companies would rsess t5s bs sissa
Agsous the whole s Of creditors and plaza tho aars
Of al IN such OF adjustment might ultimately
bring ess, order and system on, Of the presen, chaos
the railroad companies Of tie country gen rally
pssy sinking insolvency. Under the existing syrer
Of cement not Of them ultimately avoid such
q result II tho facts which events ha developed
arc nol sufficient open the eyes OF the stockholders
,bese roads proper n their poson they vii
hereafter be entitled 70 sympathy and viii DO TO
receive very h.sio
Tho annexed erhion the expectation q. spec