The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1843-01-21
ROBERT RAY,
HENRY BREVOORT, Jr.
IA MFG VnNLrC

HENRY BREVOORT, Jr.
JAMES ]. JONES.
Sworn before Walter Hubbell, Master in Chsncery.
Notwithstanding this sworn statement there q de-
ciency by false entries the books of quarter of mil
lion! If statement liable error what
lance can be placed on the 'other2
At New Orleans the 10th inst, STA l65 specie arr
we'd from Havana, and $lOO,O,0 from Havre.
We would recommend to those Legislatures who are
cogating relief measures particularly to the
State of Virginia. which is humhlny itself before
few miserable banking institutions, in order obtain
beggary loan of 900 pay its de bts the following
resolution of the Branch Bank Mobile going
liquidation -
BRAr,cH BANK MOBILE,
Resolved, That this institution utterly and hope
lesly unable to pay its debts before placed in the
hands Of the present directory and that condition
mainly attributable to the improper aud rtnous legislation
Of the country, by the passage Of relief laws and BY every
the collection OF debsand that hen the time presented
itself for the State to rely its for the support
of own government, and for toe payment of its own
debts abroad refused to levy the necessary taxes for
this laudable purpose but relied league Of affiliated
in the face of these difficulties dsadv wit
the support OF the State emit the school fund.- and
the prompt pay ment Of heavy debt in England, amount
ing in all to $659975 81 the pre- sent directory in year
OF unparalleled Distress have succeeded in reducing the
circulation by prompt and PERSONAL attention to every
interest of the bank
Extract from the minutes B. GAYLE, Cashier.
MOBILE, JAM I, lS43.
Nothing clearly represents the utter absurdty of the
protective system tariffs the squrmng of those inte
rests which having committed themselves in favor of pro-
tecton find the burden greater than they BEAR
and seek to be exempt from action This peculiarly
true of the Boston shipping Interest few politicians
and manufacturers. led on by Caleb Cushing Esq and
Abbott Lawrence Esq headed the protective interests
and when the fears of the hpp ing interest excited
the former gentleman in Congre made report contain
ing 27 full Of the most gla ring faaces for the pur
pose of showing that the decay in the shipping owing
existing treaties under which until hisyear the general
trade of the annrishs' rnilouirg .hs
ment, Abbott Lawrence, Esq.a manufacturer in Novem
last undertook to call and at meeting of ship
and to persuade them that if the treaty alter
ed their business would improve and all the for
destruction oforegn commerce by of protective
tariff In articles of Nov. 2sd and %, attempted to
point the aaces advanced in relation to the shipping
interest; showing that the tax American ships under
high tariff amounts IS per ton and disables them
from competition with foreigners This appears to have
led investigation of the matter and subsequent
meeting statement drawn up by threee ship owners
(Messrs. Rich, Oxnard, and Weston,) read from
which it appeared that ship Of 600 TONS IL years.
taxed the shape duties, SIT A. The same state
men estimated the tax the first of of the Sc
veral capacities named ollows-On ship of $50 TONS
80; of7OO TONS s4Oo7 49, of GIL TONS 49, of
TONS s4522 III of 600 TONS 5000 III of $50 tons,
| 2l2 TONS sl,5l2 66; ofl4O tons, $500 o.
After ascerainng these facts these sagacious gentle
men, who had been led into the trap by politicians and
manufacturers, passed the following resolution =
Resolved, That the introduction of the warehousing
system into the policy of the country should be accompa
MED by provision for the allowance of dratcbacks upon
foreign materials used in the construction and outfits Of
ships that the American builder sustain the
competition with foreigners who obtain their materials
under such provisions and therefore at cheaper rate
That is to say, in the opinion of the shipowners taxa
ton for the benefit of the manufacturers good for all
other interests except the shipping interest Some years
iron. Now il high duties levied for the purpose Of
protecting manufacturers and then those duties are re-
funded to the principal consumers becomes directly and
clearly bounty either TO manufacturers to the part
cular interests who receive the money IT. alleged by
the politicians the duty only of revenue no class
citizens set up in justice any plea to be exempt from
paying their proportion Under what shadow justice
does class Of persons proposeto be exempt taxes
which they recommend to all others7 The different in
terests led into these absurd contradictions and
ing up schemes because principle is abandoned in the
first instance If the Government did its duty and de-
cnedo interfere in the commercial transactions of in
dviduals or interests in any shape this eternal disquet
change and uncertainty, would be avoided.
In domestic exchanges very little alteration has been
| made except Mobile, which is growing worse. The
rates folows:--
CuRRlNr RATES OF BANK NorEs AND DOMESTIC BILLS.