New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1842-11-22
phe Exchanges.

" The Morning Post thinks the fact that n
York City 500 note is 5 per cent discount at 81.
Jon;s. while St. Louis note can only be convert
ed at a similar discount here, proves nothing, OF
,t any rate, nothing that we desire to prove
There certainly is difference OF opinion between
pa On this point. The Post says,
4Thst exchange NewYork Al ST. LOUIS IS not, as II
,ss formerly premium Of 10 per cent Dug MOI 70
b. a subject OF complaint with the inoaoahs VI e'N'
city"
Now who ever asserted or imas Aed that to have
ON exchange on New York TO 10 per cent. pre-
,n,l,, at ST. Louis would be desirable Whatwe
desire. what we once had, is an equalization Of
Exchanges as nearly as may be- II Exchange Oh
New.York were per cent. premium at ST. Louis
while Exchange on ST. Louis was per cent. dsS-
count in this City, the inequality would not b.
severely felt but to have smart discount charged
zach way is grievous burthen on the Productive
Industry and Commercial Exchanges of the Coun
try.
The Post is determined not to see either The
evil or Its cause; but will try to put both plain
" before its eyes by illustration: Let US SUP,
pose that the Government should gravely pro
nounce the Post Office establishment uncoRstitu.
tiona and abolish it altogether, leaving every ma,
TO carry letters or get them carried as he bes
could. Now these consequences would, to mora
certainty, ensue: On the principal and most pro
ductve routes, there would be many Mail-carryin!
establishments; in every great city many Post Ofl
ces Letters might or might not here be carrie
and delivered quite as cheap as now--possib!!
cheaper-but at enormous aggregate increase q
COST. The sharp and costly competition on hes
great routes would consume all their proceeds, OF
the little balance would go into the pockets OF III"
individual or associated MaiI-carriers; and on ti
less patronized routes, stretching over bad road.
through rude and thnly peoped sections, there
would, whether with little or no competition, ne
cessarily be much higher prices charged for ette''
carrying than now. We might, with Free Trade
in Mail-carrying, have Mails to Philadelphia and
Boston even oftener and cheaper than now butt
send letter to Du Buque, to Nacogdoches,
TO Bloomington, would probably take twice as long
ssand certainly cost ten times as much as now. o.
the whole. the public would be much worse served.
and at an Infinitely greater cost, than 1t now is
This principle applies, in our humble opinion lusl
rs clearly and forciby, to Exchanges as to Mails.
10 Now that they have succeeded in breaking
down Interval Improvement by the State, some
of the Loco-Foco journals including THE Sun
are out in brave terms for the cause! Boston is
circumventing US, and taking away our trade!
Baltimore is pushing her Railroad to the VALLEY
of the Mississippi 'New.York must arouse !
is The drift of leader in yesterdays Sun. De-
the fathers of the City know the Importance o.
this work Railroad to Albany to Ncnc- York ~
is its closing query. "Indivdual enterprise ano
capital must take hold &c. &c. So here is the
upshot of Loco-Foco policy. The whole must not
nav OF risk for the benefit of the whole, but par
must bear the burden. The State is awfuly IL
debs-owing S25, 100000 and having Cana
Revenue alone OF near So, 100000, bu. the City
with one.F Fourth of the wealth and one-seventh q
the population, owing over l3,00O,0O0 and nj
income Save what is derived from her own citi
zens--the City can run in debt a few millions 10!
Internal improvements (eDternal to her) as cas-.
as not! Well, We make objection; but W.
think it the moro excellent way to tax ali for The
benefit of all, and no, burtken the generous mar
70 enrich the miser who won't subscribe one cent
tIy The Official Declaration of the result of on
City Election makes ELBRlpaE G. BALDWIN, ant
net Samuel Webster the second Wing Assembly
man, making Mr. Webster's vetc 20,l99 instea,
OF 2o,299, as we copied from the Clerks books
Of course, the Official Statement is correct, anc
Mr.. Baldwin elected, as we thought before Elec
tion he would be. This is the second time he ha.
been brought up by the Official Canvass after an,
other man was reported chosen. He is lucky
man, and, what is better, deserves to be.
A DIRTY TRlcK,--A Wing opponent of SLAYER,
Ter came and exhor.ed and persuaded him to vot.
the Political Abolition Ticket, and after doing Sc
no found that tie MINISTER himself roted til.
ssrosgSt-oat Loeo-Foeo ticket This trick has beer
played all over the State and in Massachusetts
but not generally by clergymen. 1t little Zoo
cute. We hear ,ha, sewall, the Abolition can
dictate for Governor in Massachusetts, A:nasel
vosed for Nareas Morton end tie .ohole Loco
Foeo sscSet Many Of those who were mos, ur
gent In inducing Wings 10 supper, him, certainly
did so.
MAssAcHssE11s.-The full vote of the TENN
Congressional Distric, stands
Burnell (Whig).- .4,7l2 Shaw (Locol -. 4o7s
Scattering 30s. Burnei over all s25.
In the Firs, Dis,ric,--( Boston,
w:n,hrop (whgl..s7sa washburn (L>. Az:
Scattering SIS. Winthrop over ali 7si.
In the Second
salsons,all (Whigl- s,57s Rau.oul (Leco) ,so
Scattering I,l4S.