The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1843-12-02

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We have given above the average tariff under the com
promise act all articles subject to advalorem duty
exceeding 20 per cent. The imports of ls36-37 greatly
those Of any previous year. and they declined
for years after although the tariff under the compromise
act reduced every year. This fact shows the little
influence of the tariff on imports It will be seen on
reference the above table, that imports increased
the bank loans enlarged. The same proportion will be
found to exist in all the rreviousyears The various in
huences that bear the foreign trade of hi, country
affect it in the following ratio, to six =
The state of the currency and bank loans
| The tariff, IA
The abundance of domestic productions, and the
sources of the people
The want of ability in manufacturers to supply
the demand for such articles imported
Local and incidental causes,
The ultras of both parties consider that the tariff in
fuence the movements of trade and state Of prices
to g. They place the prosperity ruin of the country
on the existence existence Of high tariffs
The heaviest imports in the years 1887 and 49, and
for those two years the loans and discounts of the
| banks were much larger than before since.
The prices Of our two most important stapes-cotton
and ourwere higher during the existence OF low tariffs
than under the present. but the currency inflated
thaprices advanced until they reached such height
-four that foreign wheat was imported into this country
and paid fair profit The years that followed heavy bank
loans and large imports show extreme the other
hand:-
| DECREASE IN BANK LoANs AID IMPORTS.
go, go, Imports, Bank Loans. Duty
- 1910 to iSiI, s9,iai,7a8 iO,oS2oi IS
Both of the above periods followed expansions of
ports and revusons Of currency and both show the uc-
tuaons of foreign trade, under low duties From
those periods to the present. mporatons have been
regular and bank loans and discounts uniform
Within that time tariffs have been low twenty
per cent and high thiry-fve per cent, without
causing any great increase of imports under the lowest
scale decrease under the highest The currency has
become limited and has not lately been subjected
those fluctuations that destroy trade by increasing
decreasing suddenly. The imports during s42
only about half what they in 1885, and the bank
loans in the same proportion, while exports were
considerably larger The people actually pros
porous than they then prices not high
but circulating medium is enough valuable to
offset the difference Wages not high but aborers
live better have constant employment and enjoy many
luxuries heretofore Our harvests have been abun-
dant and exports of produce larger.
The Etna Insurance Company Hartford have declared
semi-annual dividend of eighteen per cent payable
the 4th instant.
The Governor Of Georgia. in special message to the
Legislature of that State in call for informa
ton relating to the Western Atlantic Railroad Com
pany, gives the following report. By reference to the
statement will be that the whole amount borrowed
by the State, account of the Railroad, is 81 GIG ss5
This composed of two sets of bonds of which
known as sterling bonds, payable in London thirty
years after their respective dates and the other domes
tic bonds, pay able the of government after the expi
ration of that time The sterling bonds bear interest
of five per cent and were issued in 1888 and o. The do
nestle bonds bear interest of six per cent and
sued in the years ls4O, al, y, and 3, follows
2O6 Sterling Bonds, of f50O each, hypothetical
with Reid Irving Co., and the amount
ceived thereon, SAL, 100
l25 Sterling Bonds of $500, sold to the Bank
of Augusta 3OS, O26
S755, 1856
State s per cent Bonds
issued in 1910 and A. S44675O
do in 1912, $4,000
do in 1913, 10000 1851 $50
Total amount borrowed by the State for the
Company, $l,6l6, ss5
Total amount Of appropriations made by the
State for the Railroad, S3l74lOS
The grading of the road has been nearly completed
and the rails laid for hirythree miles, the road
being in running order for that distance for which the
expenditures have been follows
Amount expended for road reported to the
Governor. S2,9l6, 0CS
Aggregate amount received. 1908 1873
Amount on hand on the date of the report l2s75
Amount OF State appropriations not received
SUN 10 De issued. '''..... 25S,loJ
Present resources of the Company. ...... S27Oo75
This important road and will the west with
the southern section of the country bordering the At
antic. 1t will open communication to the interior Of
Tennessee and Kentucky that will draw direct trade
from these states to the seaboard The completion of that
work will again throw into the hands of the southern
chants business that will build up those cities that now
are fast losing the little trade left.
The specie continues to flow into New Orleans from all
directions The receipts for the 2is 2and and 23rd of
November
Ship Russell Glover, from New York, $4,000
do John Mintum do do $3.50
do Orleans, do do $4,000
Steam ship Alabama, from Havana, 1916
Brig Edward, from st. Thomas 2,sO0
do Vuture, from Boston, $1,000
Per steamboats, from up the Mississippi, ll4,OO0
$500, 435
The whole Of this amount to individual houses for
the purpose of purchasing produce.
Receipts Of specie at Mobile the 23d ult $74379
the Bank Of Mobile and S2O 900 to private houses.
resolution introduced into the legislature of Ten