The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1842-10-30
MONEY MARK EFT.

saturday, Oct. 49, T.. M.
The operations the Board of brokers presented their
usual limited amount with generally downward ten
dency in prices. Kentucky fell Indiana Harlem ;
Ohio 6s rose T.
There IS little better demand for sterling bills, and
sales have been made 81 per cent and for Canada Bank
bills 81 is asked There some mails due from the
South which has kept the supply small hence the i'm.
proved rate.
The position of the State of NewYork is peculiar and
wonderfully changed since the opening ofthe Boston
and Albany Railroad. That event has changed, if
may so express it the physical boundaries ofthe State
The City OF New York and the Southern portion of the
State become portions another business section
or rather they separated from the of trade and
Boston and Massachusetts have usurped their positions
That immense work the Erie Canal which formerly pour
ed out its wealth the bosom of the Hudson be borne
only to New York, only feed the
prise OF New England and enrich expense
OF New York The following table will illustrate the inn
mensy of the trade done thu Erie Canal and
which the Bostonians have made great exerons while
the citizens of New York have utterly neglected it
CoMrARATIvE VIEW MOVEMENT OF EXPORTS
THE Ere CANAL, AND Gross EXPORTS OF THE WHOLE
UNITED STATES rHE YEAR lSil.
Plopacis of the Forest sli.sii.ios 6SSi,sSs
~ Agriculture, lo,333,s5o 1871 ,sl6
Flour, J0.f84i6 9,6i6
Total Of articles of do =, o,,o,o .s,o
This table shows the fact that the business of the Erie
Canal superior that OF all the Union While that
volume of eath poured into the lap of the city of New
York. it worth while for her citizens to them
selves towards extending it. But it only forms
from the States Boston. Yet large
party in the State Of New York, with blind folly,
camoring for the expenditure of additional $4,000
900 upon that work, in order to swell the wealth OF
Boston And who are to pay this slO,OOOO002 Those
who get the tradef No those who lose il. mpov ershed
New York must be taxed to pay the interest money ex-
pended to throw their trade into The party con.
tending for power while advocating reputation by repeal
ing tax, which necessary not is the basis the faith
ofwhich the State has borrowed OOO-and to repeal
the tax before the debt is paid is repudaewish to con.
tnue to borrow to complete those works which are to
feed the enterprise of Boston, The deb. stands as fol.
lows
New YoRK STATE DEBr
I stare dept. .... .S27,4l6.152
Interest Oh tnis al per cent IS. '..... l,99,l3O
6per cent. is. ........... eil 900
The gross amount of tolls for :he year ls4l
Deduct expenses incident TO the canals ssI sas %
sl,5l3a57 10
hdd interest on deposites 1877 500 "a
Deduct interest at per cent. ......... i6l4ee9 70
s6a54 80
Here them assuming the tolls at the highest point is
the basis of wing loans to carry on internal improve
ments
Should the State be obliged to pay per cent then the
account will stand thus
. n .Sl9l9 $3.50
Neu Tolls and interest. ................ GA 1859
Deficiency. NEUTRALITY-SUSPICIOUS.. sl74l6i
The tolls this year. however, show heavy falling off,
as follows The amount of tolls received all the