The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1842-12-12

road the more in as much would make the
city of New York the market for all those manufactures
of Connecticut which the Western trade go Bos
ton to purchase. New York will again bee the
of that circle Of business which enjoyed before superior
facility Of communication carried it to Boston. The
wealth of Connecticut the river counties Of New York.
and the western end of Massachusetts, will pour into New
York over the Harlem Rail Road while the Albany com.
muncaon will bring the and the means for its pur.
chase.
Boston paper of Saturday contains the following:-
eve learn from the Merchants Exchange News Room
books that respectable house OF brokers in New York
on the 7th bought all the Illinois Indiana and Ohio State
stocks that were offered by the board of brokers that
day. and made further offers advance for New York
tho was supposed to be Tor orders received by
In London at 80"
This as stockjobbng misrepresentation, and is not
true. On the 9Th of October last entered into some
explanation of the and liabilities of Ohio, showing
that with udicous management, under her legisla
lature, her means ample. On the 9th October
gave detail of foot in Illinois, under
her new democratic rulers retrieve her honor and pay
her debts. Those articles extensively discussed in
England and the result that sales of Ohio made
at 10. which equal about "a in this market This fact
caused rise here from 7O to 7st price on Saturday
The probability under the example of New York. that
something would ultimately be done by the delinquent
States induced the holders of the bonds there to make
some further purchases it is expressed to make "a
low average" This being the case the agent of the
house referred to in the above extract few orders
for Ohio Indiana and Illinois stocks which with the usual
pomposy and buster OF that concern filed to the
extent of about $4,000 only of all three stocks geher
The Illinois bought at 49, and after he got stuffed
any quantity was offered him at lst The attendant bus-
ter sent the price up next day to 49, and afterwards
plenty at 1874 people want to buy cheap they should
THAR ,to1 40
and do not build reputation for business the expense
their clients.
We have received the message Of Gov Corwin, of
Ohio Its only merit state paper to be that it
is short His Excellency states that there have
sued since the last session the Miami Extension and
the Wabash and Erie Canal of bonds recev
able for public lands and that lands have been offered for
sale in redemption seems however that the prices
the lands much above their value that very few
bonds received for them. In relation the debt he
states: -
The interest the public debt has been punctualy
paid and the nstament to become due the LIST OF Jan
airy, l943, will be promptly discharged.
About one half of the document occupied in moaning
over the thirteen banks whose charters expire January
next and strongly urges extension Of their chartered
privileges all "for the relief of the people. His Ex-
cellency states as follows
"shoud such course of policy be adopted at the presen
session. in order to avoid the supposed evils of
money will be necessary also laws orbiddnp
the circulation in this State of the bank paper of any other
State country The laws of trade will still bring Bank
notes into Ohio in despite of the exclusion of our own
paper whilst neghborng States have banks unless bank
paper of all description shall be expelled from our borders
by laws to that effect"
How pertnacousy do the advocates of banks adhere
hcphantoms of regulation and protection This sspen
governor first advises the continuing OF chartered prv
eges to select few who shall force their Bank paper up
on the people-next he advises that if the legislature
does not force the people, should forbid them
to take it they please from other States Did the simple
policy Of granting no exclusive privileges any class
OF citizens and of allowing all free exercise of their
rights of buying and selling enter this governors
head7
The returns Of the banks of New Orleans 10 the goth
ult are as follows as compared with former returns