The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1842-04-12

N MARKET.

mOu0ay, hPEAA 14-OE w
There was a little better feeling in the stock market
to-day, and prices, with some exceptions, improved,
particularly New York State Stocks. which, under the
influence Of the new tax bill are fast regaining the con.
fdence Of capitalists, and are, Of course, attracting
investments in that direction, and prices are improving.
Delaware s Hudson fell I per cent; Mohawk II Indi.
ana SIS rose l; Ohio 8 per cent stocks 1860, 2 per cent;
sales of bills on Philadelphia /; Treasury Notes I a II;
United States 6 per cents are quoted at par a 8 discount.
2 Drafts Of the Treasurer of the State Of Virginia, on the
State Treasury, have been dishonored for want offunds.
Anatural result of State Banking. The drafts Of the
federal government were never dishonored until its legf
innate revenues were given away.
The banks of Kentucky have resolved to resume on
the 18th June next.
The prospect among the city dealers for the next 60
days is very gloomy. Their remittances from the coun.
try do not comein, and when the heavy payments fall
due, disasters must take place. 1t is an anomaly in our
affairs, that while the elements of prosperity are in exis-
tence, and greater activity may be expected in business,
those dealers who have large outstanding indebted
ness are severely cramped. Much good paper, with I'M
exceptionable endorsements, is selling at three per cent
per month.
The FARMERS and agricultural interests in this country,
who form the vast majority of the inhabitants, should
arouse themselves to the traitorous course of the high
tariff men. The growing trade in corn, between this
country and Great Britain, will inevitably be destroyed,
if the interests of the manufacturers alone are to be con.
suited. The following table. represents the division of
interests in the United States, as compared with those of
Great Britain -
POPULATION AND EMrLoYMESr OF GREAT BRITAIN AND THE
oNirsD SiATEs.
Fa@ilies Emp. Persons Els s'sp
Trad. and Manufacture. l%.issjsis 7m,Jsas
Commerce, lI7,575
n,Ini a,g,., ,ce,ss isaSs
s,A4.I75 4.sss, 4o7
This table exhibits the fact that, in this country, the
sgriculturalists are to all other interests as three to one
while in Great Britain it is precisely the reverse, they
being as ono to three; yet in England the agricultural
lists make the laws, the great landholders being the he.
reditary law givers. The interests Of those On gagged in
trade and commerce are the same as those Of the agricul-
turalists for obvious reasons, aud yet the manufacturers
seek, by every underhand means, to levy q tax upon the
others, for their own individual benefit. The doctrine of
protection and high tariff cannot be sustained BY reason
and truth. Hence misrepressntati ion, in the boldest man.
ner, is resorted to by its advocates. As instance of
this, we will quote the following statement, made at
what was called a meeting of the g Home League in
this city =
Mr.. RIPLEY Of Conn. briefly explained why even the
or steady demand for our farmers. We are too Ifar of.
and the cost Of transportation is too great. If grain shall
labor Germany and Poland even before WE have
heard OF the necessity, at low freights and at moderate
prices. Grain may be procured even from Genoa and
Odessa cheaper and sooner that it can be brought
FRONT this country. Besides, the amount of imported
grain required by Great Britain has only averaged . 900
GEO bushels, during the last four years of short crops.
and only 100000 bushels a year, during the six preced'
ing. What share ofthis small amount could we hope
70 supply
The news ofa SC arcity of grain in England 10 uniform.
~ the signal fer An extravagant rise, a wild Speculation.
and ultimately a ruinous loss to our people. The Home
adequate reward to our labor.
This statement il too gross an error to ascribe to igno-
rance. The official returns Of wheat, entered for home
consumption in Great Britain, in each year, are easy to
be obtained, and are as follows, with the quantities ad.
mitted at each rate Of duty =