The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1842-10-05

STOCK Of the State Of Ohio has long stood very low
say s which lower than the high position of
the state would seem to warrant The debt of the state
is about which bears at the rate of six
per cent per annum except which at the rate
ofhve per cent per annum The whole amount of money
by the state has been expended in the constuc
ton Of canals except about lent TO railroad
companies and subscribed for stock in turnpike compa
MES The canals all completed with the of
Miami extension canal which is estimated will require
about 81 800 600 The Ohio canal which is the first and
principal work of the state s4,6eooO0 and now
pays than per cent interest its of con-
sructon after deductng its annual repairs expenses
The aggregate of interest due annually the state
debt is about $780, 00 The interest paid annually
the City OF New York Before the first loan made by
the State of Ohio in the year 1925 the Legislature made
the following provision for the payment of the interest
and the eventual payment ofhe debt of the state, viz
All the of the public works, after paying he
expenses a repairs of the same to be applied to the in
terest fund. tax sufficient to supply the deficiency to
be levied and paid in each year. The auditor of the state
is directed to increase this from year year he
may find necessary for the purpose above named-He
further directed levy additional tax, to be applied
% the sinking fund.- created for the Of the debt of
the state, which now amounts to near 81, 100000.
Under this law the interest has always been provided
or and the debt of the has been by
'~iio"ine ior the purpose OF paying interest
Inc revenue from the canals the present year will ex
ceeo IN amount that OF previous years. and will with the
tolls Of the Wabash and Erie Canals lust nished next
year greatly exceed that of the present year.
Twill be perceived that the State of Ohio has made
more ample provision Tor the regular payment of interest
on its debt than any other Taxation for the pay
ment OF the state debt thing here-t has existed
for years.
The state has by law stopped the expenditure of snv
NOR mono tha ,y,h1s liz IT.
remain unfinished unless it be completed by the sale
of the lands given by the United States towards its con-
strucon These lands very valuable and will even
at the present low prices of property pay for the compile
ton Of the work.
The payment for interest the public debt of Ohio is
probably placed beyond all controversy doubt For
the January interest considerable portion has already
been received by the States agent in this city, who
in the daily receipt of remitances 1t stated that in
consequence of the other Of the State the
funds for the dividend draw far less than in usual years
upon the tax fund.
The tariff has now been in operation several weeks
and in that time, according to table which recently
compiled and published the prices of dutable articles in
Boston and New York have considerably advanced, as
to have been expected Considering the country as it
really isagrcultura in its interests the articles
which to be taken in payment of the products of ag
culture and apparent in that table the prices had
improved in other words by the operation of the ~
farmers to get less for their produce than before
that law enacted against the interests of vast sy
Of the people, procured by persuading eat
they to get for their produce than Dmerly
To test this operation, compile table of the
actual prices of agricultural produce in three leading
markets. for the first week in August when it sup
posed that the tariff would pass, and at period three
weeks subsequent to the operation OF that tariff fol-
lows:-
Prices LEADING AoRIcuLruRAL PRopUcrs AUeUsr 10,