SCENES IN NEW YORK.
{"newspaper_name": "American watchman and Delaware advertiser.", "edition": "01", "page": "p2", "byline": ""}
PUBLIC DISTRESS.--The distress in the mo-
ney market, and particularly among the most m
dusirious and responsible OF our mechanics has not
been equalled a, any period II we cannot remedy
The evil We shall, in day or two. look into the
cause Of IT, and endeayor, if possible, to trace II TO
It's source. At present il will be sufficient to say,
hat the refusal 10 take the notes OF good country


anks by the city banks, has nearly destroyed the


usiuess Of New York. No goods can be sold, and
retailers will not venture TO purchase. Notes OF
substantial country banks, are selling at immense
discounts to brokers in consequence oil want OF
staple currency, which the city banks must estab
Iish. We understand that nine OF the city banks
agreed to continue taking notes Of country banks #
one more would concur; but the following refused:-
The Branch Bank Of the United States, the New
York, Phenlx, Fulton, Union, and Mahattan Banks.
The Branch Bank never entered into the original
arrangements but has. in connection with promi-
nent banking house, made some interest to produce
this state OF things


The city banks we believe received the notes ol
about .ffty country banks or had accounts with
those banks, and in consequence OF the failure oil
tour or five they pronounce the whole bad, when
only one or two which have failed were redeemed
by the committee Of the banks


Country merchants are compelled to carry back
money which they brought here to pay their debts
with, for purchases, or TO meet their notes. Mer-
chants and mechanics cannot afford to lose the dis
count established by brokers, and the country pur
chasers also afford to sustain their loss there


fore they carry h,me the good money brought dowr
/ to the city. This deranges the wholesome curten


If business and produces The distress and ruin which


cnsue. Our merchants and mechanics must be sus
! tained and means must be found 10 do this. Nor
anon. " 7. " aionat .9dp.