The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1842-03-07

The condition of the currency in the Suspended dis
trcts has been of great distress and losses to
the people The immediate and only cause ofthe depre-
citation Of the circulating medium is the federation Of
the suspended banks and allowing them daily to issue
promises pay which they daily ishoner In no part
of the country have the people suffered greater inpos
ton than in Baltimore; every species Of juggling trick
has been resOrted to asen upon the people the worth
less aud deprecated rail- road orders currency, and
without success; yet, notwithstanding the experience
thus acquired, the common council, with degree Of
folly scarcely credible in legislative body persist in
mountehank tricks to make that valuable which is in it
self valueless. The orders miseraby depreca
ted and it has been enacted that premium of 26 per
cent shall be allowed to all persons who will fund the
ORDERS the premium to be paid in city scrip bearing six
per cent interest," and receivable for city Dues and the
faith of the city has also been pledged to such banks as
will receive the orders for currency for the
quarterly of Eve per cent interest the orders un
funded Such the extent of folly to which currency
legislation has reached Twenty per cent premium
on orders funded be an issue of
Of city scrip bearing six per cent for which no equivs
lsnt whatever received and to that extent must the
citizens be taxed, and for what Simply because the
banks and the rail road do choose 10 pay their debts
and the leg sature does not choose to compel them
the city council undertakes to pay Is per cent OF the
debts Of the rail road why does not pay a. much for
the banks, and allow them to resume The banks may
then fail every years, and throw their debts upon
the city for the relief of the peope!"
The law of lsll, for levyng taxes in Pennsylvania
was estimated to yield 100000 instead of which how.
ever will prove short 100000 Thsfollowing the
results from all but nine counties =
PoPulauon ................. tI24,OjJ
Real estate, horses and CATTLE .36l, 40l, A9l
Ofces, professions trades &c A,79o,l63
Tax assessed in full in ls4i..... ..... 53l $50
meeting ofthe domestic creditors" Of the State of
Pennsylvani held the LIST inst. at Harrisburgh
the object Of which was to get up species of
qusckery INSTEAD Of paying their debts ny taxation The
meeting resolved that for the State to force them to
ceive State stock in payment ofther claims is in its pre-
sent state Of depreciation no better than Reputation
far good. The memorial closes, however, by soliciting
the State to pay them of in certificates of indebtednes
redeemsble State ock If the shadows Of the stock
better than the stock ITSELF This proposition was
probably got up by politicians to deceive the poor
creditors Of the State.
The following comparative statement Of the Trea-
sury notes outstanding on the lst inst -
TREAsrRY NeTEs OursrANDINo.
Jan l.. FEB. l, March l. |
Total oustaudingold issues l3iss63 ss5 SEA 7o3 SOS
Issues under act 1884, s2ss 25s sselos6 75a7os2
Redeemed of that issue. 777,s7 i.2s7,sss 2oas Sis
s.s2l oss s.sos,Ias -Ns
Issues Of Jan. ls42. a,n7,Iis
Redeemed Of that Issue, so,?li
C!ra Itot~ ~k~ud;v oIn1o q