The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1842-03-25
MONEY MARKET.
Thursday, March a.

Thursday, March as. r. M.
No material change manifest in the stock market
to-day. Prices did not materially vary. Harlem fell ii
New York State 6!s improved /. Sales Of Alabama s
per made 50; United States Treasury
sis4s; bills on Philadelphia discount.
The brokers today very cautious of the bi llso
the Chantauque the Lyons and the City Bank of Ro-
chester. The two last named generally refused.
About four weeks since the New York American the
Commercial and the Express published the following:
There have been ahoat for the last two days
unavorable to two Or three banks out of the city. We
assured by Of the Bank that such
reports have foundation whatever and that the banks
alluded prosecuting their ordinary business entire
ly free from embarrassment
Since this veracous notice. the Clinton County Bank
has stopped, and the above named institutions totter
ing.
The sale Of advertised for to-day progressed net
withsanding the arrival Of late Many of the lots
offered were withdrawn. The details will be found un-
der the head Of I" State of Trade"
The Bank Commissioners, who, for ONE time past
have been everhaulng the concerns Of the Farmers
Bank Of Canton have appointed Mess rs Jas D. Brown
f. P. Grant, and o. T. Browning, receivers.
The following is extract from the speech of Mr.
Hatch in the Ohio Legislature, the subject Of the
State debt: =
Mr. Hatch said he could refer section in the act
alluded by the gentleman from Cuyahoga, which pro-
vided that the State should borrow canal purpos
greater amount than 100000. Atpresent the entire
bic hands. One Of the Fund Commissioners had taken
tovr to EnElsnd, and L in the hands Of the Barings
conditions; what they were he did not know. The Com.
mssioners had rendered nceount Of the amount sold
dor this and there was now remaining in the
possession of said English house, large portion OF
six per cent stecks, Notwithstanding there good
reasons for believing to be nsolvent.
The charge here made is now undergoing investiga-
ton and facts deveopedso far warrant the assertion
sort Of inquest has been held within short time At
fha ar nit al in
OF the Philadelphia United States Bank which were
signed to certain post notes and depostes last
year These Assets consist in degree Of the notes
OF solvent houses in this city and they changed hands
for nominal value TO comply with the forms Of Law in
such casesthe prices thus given, in wise affecting
the credit the standing Of the makers of the paper
some Of which 10 far better than any of the obligations
Of the bank ITSELF although there also appear the list
~ debts the names Of nereenary Wall street editors
who were subsidized by the bank to do its bidding.
The manuacturers who in republic are essentially
the sristocrstic class, using their utmost efforts
procure the imposition of burdens upon the Masses
der the deceptive title protective duties or the espe
cial benefit Of the manufacturing few. In our article Of
yesterday, attempted to show that tariff failed to
exclude foreign goods under borrowing system and
fuctusting currency. The horrible distress exist
ing in England growing directly out Of her protective
system, fails to convince the manufacturing aristo.
because they the landed arsocracy of England are
blinded by their individual interests In Great Bri
stan the class most protected 10 the agricultural be.
the propretors in that interest mostly the IL
tied ogarchy who make the laws In this country tho
only class that has beea protected ID the manufac
turing and that forms the arstocracy Of the United
States The whole number of inhabitants in the United
States is and according to the census tables
$4,000 Of them employed manufacturing being AZ
a to IS of the population and this person asks the
other IS consent be taxeds0 per every thing they
wear in order to make him rch and he taxes his inge
nuy prove them that il 10 their benefit to do IT,
The system is adopted per force in England. An
duty is laid upon grain and bread because the
landed propretors say they cannot compete with the
American farmers in its production. The American
manufacturers want foreign goods taxed because they
say they cannot compete with English manufacturers.
In England the bread tax Of the arstocrscy is laid by
brute force and its operation ID thus described in an in
huential London paper -
Several bakers in the neghborhood of Hammer
excellent plan showing tho poor how their suferpgs
increased by the accursed and which
Is put upon bread in order to support the arsocracy
luxury and enable the to keep hordes of
soldiers stiae the wangs Of hunger and distress and
compel the needy to bear all the ills which press upon
them without openly manesting their discomfort In
the alluded to- the bakers exhibit bill to
this effect -" Sold hele-Bread (he Alb loaI) Sd tax
the same, 3Ad p that person may well be discon
tented when he knowsth that he has paid SD for lump of
bread 3Ad Of which 60 to the support Of the Duke Of
Buckingham, and the acre lords Every baker in En-
gland ought to adopt the pan the surest means Of
working speedy alteration In Mr.. Hernes tract the
effects of taxation and prohibition upon widow and her
30 two boys, under ten ears oil age, are shown: