The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1842-03-30


per cent ad vaorem assumed value Of IS cents per
yard After June it will be per cent on the same ar
btrary value, which il will be above is equal
the low qualities to IS per cent actual protection to the
American manufactures If this is increased in the pre-
sent dear state Of the currency it will become prohbi
and destroy all hope Of from that
These facts show how Elusive is the hope Of an i'm
proved state of trade in England. The fact that
money is plenty amounts to nothing. When goods are
very low and trade dead money must of be pen'
ty il the volume Of the currency is small The
Plsntiousness Of Money in England cannot restore
speculation in this country, and without speculation
the people will buy than they can pay for,
which will confns the demand to our own manufac.
lures
In American stocks there very little doing. Quo.
tations were nominslly as follows:-Indiana sterling
ives q; Illinois skies % New York ives, 1896, II;
Ohio sixes 70; Pennsylvania fves, Az; United States
Bank shares, /.
In another column will be found the memorial to Par
lament of the Liverpool merchants connected with the
American trade on the subject Of the Corn Laws.
The Board Of Brokers is certainly afflicted with
msnom ania. The less business they do the they
increase their expenses. short time since, in humble
imitation Of the Clay policy they divided their surplus
venue their ordinary receipts hen in consequ ence of
the decay of business tell off immensely. To remedy
this ala Clay they have increased their expenditures
They have heretofore occupied every way suited
to their business In it transacted the immense
operations of 1856 after the great fire, when its
worthy president swallowed and disgorged thousand
shares at sitting The very walls bear evidence Of
the golden age Of stock operations In all that time the
rent has been 5000 per annun They did not think Of
their expense when that did
the commission of hours business. Now when it
will represent the grsss transactions Of the day almost
they have hired room in the Exchange at o rent
of Sl5Oe per annum and have laid out $1,000 in uphsls
ry the vain attempt to prevent the echo Of their
voices If they pursue this they will soon find
repeating the classic stanza which Mr. Clay
lately incorporated his Speech in application to their
divided spoils.
The sales of the Board to-day very small at q
general fall in prices. Illinois 6 fell per cents In
diana 6's 4; Long Island I; Mohawk Bank of Com
merce full stock, fell per cent from the last sales
This the effect of mixing politics with banking Sales
Of bills on Philadelphia dis.
The only measure towards really relieving the poo
pie restoring credit and confidence which has yet
been adopted is that Of the passage tax and finance
bills of the State OF New York This amidst
the universal dishonor and bankruptcy lifts the credit
OF the state far above cavl and makes the nucleus
around which mercantile, property must recon.
struct ITSELF This position should have BEEN assumed
by the federal government at .he extra session the
contemplate ntrigues of unprincpled men sought ra-
ther to nake commodity Of their diseases" fill the
pockets Of the speculative few the expense of the in
dusrous many than to bestow the greatest good upon
tn. greatest number. It is true that those who have
empty houses on their hands may object to the tax but
they must remember that the rents that
been and are still demanded, have driven occupants
less ROOM and rents must fall immensely before all the
housss can again be taken Nd