5 NOVEMBER 1836, Page 2
The intelligence from the United States is confined to a
de- scription of the embarrassed state of the Money-market. In New York, a very high rate of interest was demanded for tempo- rary loans. This pressure, however, would probably not be last- ing, as it was caused in a great measure by the necessity of pay- ing a large amount of instalments on lands and shares in diffe- rent companies, falling due at the beginning of October. The Secretary of the Treasury had demanded specie in payment of lands. There had been no failures.