The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1843-08-02
MONEY MARKET.

TuesuRy, fug. 10 r. w.
There much better feeling at the Board to day,
and prices generally Harlem I; Canton, /; N. J.
Railroad /; Ohio Il Kentucky /.
At the New Board the animation also in some de.
gree improved.
BY the packet of yesterday orders transmitted for
thirteen miles Of railroad iron for the Harlem railroad
to complete the extension to White Plains, and fowl
miles of iron for the Mohaw Railroad. These orders
will be very acceptable to the English iron master
whose business never in worse condition At the
latest accounts contracts had been made IS 10 per top
or SIC so cts When the Harlem Railroad was built the
iron cost ELL per ton s62 The stock of the road cost
the present prspetor per share instead of $780, They
now extend the road through of the richest counties
in the State oWhite IS per Ct Of the proportion
ate cost Of the old road White Plains large in the
centre of farms whose productive qualities, drawn out
by the facility which this road affords of placing their
milk and vegetables daily in the New York marketswill
immensely increase in value. This cheapness Of
ruction increase of travel and of general wealth along
the track Of the of the success OF
the work BY it New Workers will have pure Weehsster
county milk daily their doors per quart.
The letter of Mr.. Bdde, of July 20 s43, is certainly
of the boldest attempts to dorganze the Union,
through the fundamentally Of foreign power put
FORTH Many attempts to effect the object have been
made; but atrocious this. philanthropy" is
the plea of aboonsts in seeking to carry rapne and
murder to every mans hearth "resoration Of conf
dence" 10 the plea of political dsorganizers who seek to
destroy the federal Union by making the government
the instrument Of taxation to exort money from the
States for the benefit of jobber "Nationa honor
IL the plea OF Nicholas Biddle in persuading foreign 60
purchase the debts of States in order to
them in the United States Courts in order to
for debts contracted through his instrument
tality by force Of As the debts stand, the
be sued. BY forced construction of the
constitution, England might buy up the claims of its citi
any all OF the Satessue them in the Uni
ted States Court and obtain judgment What then Who
is the federal government II is with the
utmost difficulty that she retain in her hands, the
land revenues to pay her debts Mr.. Bddle
states that the other states and compel the de
gusn Statss to pay This doubt, is very desirable
consummstion but where is the end Will the Connec
tcu farmers march Mississippi to compel them pay
unjust debt, illegally contracted with this Mr.
Biddie If England those to 60 to to obtain pay
ment for her citizens she had only to hold the federal
government responsible. This her citizens petoned her
to do, and Lord Aberdeen answered in the negative
What would be the under Mr. Biddles legol ad-
vice The government of England would first buy up
the bonds of Illinois for instance. par she gave less
Il would be usury. suit would be then commenced,
and Illinois ordered to pay. She would then plead ina
bilty She would then be threatened by force.
Her cause would be espoused by those in the predi
eamsut. II would then stand thus -
Population owing delinquent debts 80. oa70ss
good lU,34O sos
Here are nine States with population of 4oOo 900 be
compelled to pay debts many Of which not acknsw
lodged by twenty States with o0e of people
who have interest in the matter Here fine chance
for civil war, people would fght but Mr.. Biddle is
surely not so sanguine suppose people will cut each
others Threats in order refund London brokers
which he borrowed and loaned to Wall street editors
The contamination would then be the armed interference
Of England. This will yet be the end of the paper
system.
In srcleo May 18th, we end, svored to show that
the great fell in prices which had taken place in all ar.
clss of supplies and materials had enabled the do
nestle manufacturers to turn out goods proRably far
less prices than formerly We then stated as foows:
Let look at the resultsloO 900 yards negro plain
in 1882 would sell for OO6 thpt sum would
buy l lbs. New Orleans cotton 1000 brls mess
beef The same number of yards will now sell for
900, which will nov buy Iils57 lbs New Orlssn.
cotton, or li42 brls. mess beef as follows =:
A A;y $780, SsSS q ' 1855 ss,I s
Actual bal in favor of manufactures. s57B i,a
This is an extraordinary esu third less money
now commands the quantity OF manufactures, in
1889, which commands SO per cent more raw material
than in that year. This the Of the protection
Of domestic manufactures
This has been the real of the export United
States cottons to England for SALE That export has
nued freely until prices affected At Boston the de
maud for export is good and the shipments for the week
ending July 20, were as follows -
Domestics exported during the week ending July 20
ls4s, from the port Of Boston -
smyrna ................. $40 bales
East lndies''' 49, '.'.......256
Miquel0n. ..........,....... 10
Total s75
Baltimore paper states as follows -
Within the last week large receipts have arrived over
1000 bales and from Eastern factories well q,
rge supplies from those in the vicinity Of the CITY by
which stocks of those descriptions most in demand have