The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1843-02-27
MONEY MARKET.
Sunday. Feb. 26-6 p. M.

the Ohio Legislature the lsth the bill to pay the
nestle creditors by issuing 000 per cent bonds
the denomination Of $780, was lost by vote of 81 to 3D.
the Goth, it reconsdered. and passed by vote of
81 Mr.. Byington moved to amend the title by ad
be- to the title To provide for the payment of domes
creditors Of Ohio" the words "by the emission of
Doc, 900 of shinPlasters." This amendment lost
the kentucky Legislature, the lbill to create
pix was lost by vote of 4s to 40. On the 10th, how
r. Mr.. Renfro gave notice that he should move
sderaton of the vote by which the Bank Bill was
ted Some who voted against il appear little troubled
nut returning home without any effort at relief There
bears but little doubt, among the friends of the Bank
it will now be carried The defeat of the valuation
in the Senate alarmed members, who dare not return
ne without having kept some of their insane promises
relief The featured in the Kentucky Legislature
however, their refusal by vote of 30 to A. to take up
revenue bill Of Mr. Mckee, providing for taxation to
the State interest," and without prompt action the in
psf can net be peid
the Illinois Legislature the bill to put the Shawnee
Bank in liquidation has been reported, and in the
ordered to third reading by majority of 49, and
pass 1t authorses the Governor TO sell the 81 900
took owned by the State. for equal amount of the
es liabilities onehalf to be paid by the Bank before
passage of the BILL and the residue with interest with
twelve months The Legislature of Illinois have
ked WELL First, they will have reduced the public
/ over four millions of dollars. Second they will
provided for the completion of the canal, and the
dual liquidation of the canal debt Third: they will
relieved the State treasury from debt and placed its
rations on the solid foundation Of gold and silver
birth they will have diminished the annual public
ditures. Fifth they will have rid the State of the
ency Of broken banks, by putting them in liquidation
I'll they will have effected total separation of the
aallowed connection of Bank and State.
The Indiana Legislature have enacted a law au.
zing the Treasurer to surrender and cancel $437
d by the State in the State Bank of Indiana-the
pix to pay onetth of the in bankabe funds the
in six per cent bonds issued for the fourth install
Of the surplus revenue the Ave per cent treasury
es twice read and committed to the committee on the
be Bank.
the final explosion OF the credit system with all i.s
er rami6catons, is rapidly approaching. Tho present
Tue excitement in the stock market il the last elmmer
taper is the nckcripg of the candle in it's socket
Fill fare up in broad glare and sink in night The
intelligent men, the most careful observers, and the
ndest Judgements, have pronounced the question of
atiOn incompatible with the feeling prevalent in the
bted States The prevailing feeling Of all classes is
desire Of getting quit of obligations The agents and
ssariesof stockholders, have anxiousy traversed the
ntry in all directions, canvassing public opinion and
melancholy shake of the head with which they
ak Of the result points to the conclusion, viz
ut taxes todscharge stock debts are out OF the ques
Near 5000 900 900 ofsock debts have been created in
parts OF the Union, based not on what the people have
bod, not upon their present income, but upon what it
hopeds they would earn, and which might be flched
them by the jusgles of the paper system without
consent. All sections OF the Union lent its aid in
ing and supporting these bubbles. The remotest west
the extree south, oil sent their Wanting promises to
ope in the wake Of Daniel Webster, who bore Rug
rs glori6cstion report enlarged views, and eek
led ideas, In triumph TO London. Immense quantities
paper of all description, flowed into the hands Of
ign contractors far beyond what could be absorbed in
Investment The markets became glutted, ad.
ces OF money impossible, state failure the conse.
nee and depreciation resulted SO excessive that the