The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1842-11-10
MONEY MARKET.

"cuhcsuuys Now o-O
We notice no new feature at the stock board this
ming Sales were to fair exen, at better prices Ohio
SIS rose per cent; stonington /; Mohawk Long
Island fell l. There were transactions in Har en-,
mostly for want of buyers The holders tell to gaping
listeners wonderful stories of the of the road They
assert that the company has received within the last
month, which with foresight and praisew
thy economy has been expended r feed the LOG
horses employed the road. is well to keep the
cattle in high order because they be in demand to
facilitate the escape OF the nancers of the day. in
any unexpected discovery More especially the loco
motives beyond the power of keep them in
running condition.
Sales of treasury notes made to-day at par and
State Stocks generally are firm.
The unfortunate stockholders of the American Life and
Trust Company making strong movement to bring
those justice through whose instrumentaly the money
has been squandered The honest stockholders who in
vested the money made the victims of unprnciped
of high standing" who paida dollar into the
They should be active before the remains of
money isspent feeing foreign fund mongers.
We recently made some remarks the ruin which has
overaken the shipping interest of the United States in
consequence Of the prohbve tariff passed at the late
son Those remarks called forth by the proposition
for convention ofth shipping interest at Boston, take
into consideration the state Of affairs This object
which deserving of the highest attention and the most
Boston oddly enough by manufacturers The call signed
and its object set forth by Abbott Lawrence E ofthe
largest manufacturers of Boston, and to whose exertions
the late tariff mainly its passage. Why
that this gentleman anxious for the shipping interest
after having eIerted hmsefto destroy by recurring the
passage of tariff fatal the embargo of 1907 Is
that by giving the inquiries about be nttuted into the
ofhe present stagnaton false direction he may
divert attention from the true cause, viz. the prohbitive
tariff? Abbott Lawrence Esq, of the happy few in
this country who constitute its arsocracy that TO say
he his fortune and his standing to the operation of
law, which in 1922 through the protective tariff of that
year. egslated large fortune into his pocket at the ex
pense of the consuming similar result will be
produced by the tariff and it is but natural he
should the wealth and influence thus acquired to per-
petuate the by which they obtained These
things should carefully be kept vew also the remark
ofDsnie Webster Esq in his great speech Boston when
turning round and looking Mr. Lawrence who was one of
the wing cow nton, full in the face he said-
Who the honorable gentlemen were that drew up this
resolution do not know. dare say they respects-
BILE doubt whether they had much meaning IN it, or
perceived that little. (shous of laughter and cheers)
They were angry-they were resentfui
Bearing these thingsin mind, we will take few ex
tracts from the bulletin of Mr.. Lawrence follows Az
ter stating that the American shipping had suffered great
ly for want OF protection, he remarks =
This interest in country in comparison with that
IN other commercial countries hardly second to that
Great Britain three times larger that of France and
many more times larger than that of any ether country
Thus standing imports and ex ports
creased nearly 100 cent in the years
$780, registered tonnage has only ia nor
cent whereas to have kept pace with the increase of
imports and exports should have increased nearly 100
per cent
Thetrade which formerly passed direct from the United
States 10 the British West India Islands being forced
through the North American provinces The circuitous
trade thus permitted allows the British vessel pass d
Tecy from any part of the British domnions TO any part
off he Init cd md hare aka in
rect for the West Indies or by way OF the Provinces The
local effect ofthis, in British North America Is manifested
by the rapid increase in their shipping the OF which
is less than il is in the United States, owing, in a great
measure TO their relief from the heavy duties paid by The
american shp'oWner almost all the materials imported
for his ship These facts contribute with others TO enable
British vessels to compete with to disadvantage
in ports as is very apparent from the every d9y
reports of arrivals and departures commercial cities
vessels being absolutely precluded from competing
with them equal terms in the ports of the British
colonies.
Tsienedl ABBOTT LAWRENCE,
President of the Boston Chamber Of Commerce
This is the call for the meeting be held on the 9th
instant In the first paragraph he says the shipping in
is no large that of Great Britain who he al
eges hers such extent and times
large that of Francehow much then that inter-
est have suffered hitherto The next statement entire
ly erroneous We showed from official tables in a
article that the employ Of American vessels is 800
CT greater than that Of foreign vessels The statement
that the trade with the British West Indies has fallen into
the hands Of British vessels the damage of American
tercsts not founded in truth and justice The following
table from official documents giving the trade with the