The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1843-01-06


This total exhibits increase of six thousand one hun.
dred and eghty.six in the strength OF the State militia
deem my duty to call your attention the considera-
ton OF an act entitled can act to extend the exemption
household furniture and working tools from distress for
rent and sale under ution passed April lh sAa
In addition to the articles formerly exempt this adds
those OF necessary no asehod furniture and work ing
to- and by any person being Householder
not exceeding one hundred and fifty dollars
According to my impressions this act has not in all
its provisions with general favor: and the objections
which have been urged with much FEASIBILITY are the
uncertainty Of the value OF the articles exempt and its eff
iects on contracts existing at the time the law passed
When an Indebtedness is incurred by indivi
another the means and ability Of the debtor to pay
doubtless taken into consideration and basis Tor
the credit The proprety of any enactment which dim
nishes the lessons the ability debtor TO pay
49, to say the least of it very questionable.
one hundred and fifty dollars or more or less is
about which parties may differ and it apprehended will
be the source Of much litigation.
All laws which interfere with the relations hat u.en
debtor and creditor by mpairng the obligations of
tracts have demorazing influence upon the people and
seldom if ever prove beneficial those for whose
benefit they were proiessedy made.
The reputation of public debt is heresy that TRUST
is nowhere seriously entertained am confident tina, the
people of every state in the Union would reject
such dishonor and that they patriotism and pub
lie spirit that would induce them TO submit 10 any burden
rather than incur the opprobrium Of such foul dg
II is doubtless rue that during the inflated period
which we have passed many States mprovidenty
ed on the construction of public works. altogether
much extended, and under ilkdgested and defective
system of finance Hence the lamentabe spectacle OF
mails.
But looking on this gloomy picture we should always
recollect that this improvdence proceeded from the
tive OF improving the condition of the States and
the intention of contracting debts beyond their ability
pay The fault that has been committed this subec
be traced to that spirit of agance specul
ton that pervaded every portion of our widely extsnded
community Few individuals exempt from its dire.
full consequences and instead ndugng in feelings of
recrminaton should repair the sad consequences by
rugay industry and economy in all the departments of
life.
in tho vnrL Of tb,
of Sa the construction of roads and csnals depends
very much prudent system, which shall have for its
object the public good rather than the qualification Of
sectional feeling personal cupidty
The public stocks Of several OF the States disc red
ket; but the people of these States should despair
Most Of them possess territory unsurpassed in lert
y Every part Of the globe is contributing by its sur
plus population to the settlement of the country pre-
pairing the way for the important results indn ge
the cheerful hope that the time is very distant when
most # not all the states, will find resusctate
their credit and finish their public works.
The State OF New York should cherish the hope that
such expectations will be realized Her natural position
in reference to inland commerce. enables her furnish
the channels Of Communication for trade that very
distant period Of time, will be unsurpassed in magnitude
embrace the present occasion to exhibit, in brief
the gratifying position occupied by this ate
in her agricultural commercial, and manufacturing in
erees
appears by the last that the population of the
United States amounts to II which the OF
New York has 24so7 equal more than one-eghth of
The number of bushels Of grain raised is Of
which this state has o72 sal equal to near onetweh
part Of the whole.
The number of heads of live stock are "a 264 s22 of
which this state has 10 25 O42 equal to about
part.
The number of pounds of wool produced is of
which this State Is entitled TO 9si5, 295, equal TO
fourth
The number Of commercial houses engaged in the for
egn trade los OF which there this 469 equal
to something less than onehalf
The capital invested in foreign trade Sl9 2o5 367 of
which there belongs to this state $40 5s3 O0 equal to
nearly one.half.
There 1000 woollen manufactures of all kndl, of
which there in this State ala, equal than
one-iourth.
The aggregate value of woolcn goods manufactured is
estimated S20696 999, of which this State SO
33T, equal 70 about one.sixth part.
In the manufacture OF wooen there 81 343 persons
employed and in this State 1896 equal to oue.ffh.
The Capital employ ed is $5,765 ai and in this state
50, 46o, $40, equal TO more than one-ffth
The value of cotton manufactured articles is estimated
at $40 and in this State equal to about
onethirteenth part.
The number of persons employ ed in the cotton
factories is estimated at 7292 and in this State at 7407,
equal to about one-tenth.
The capital employed is estimated at SOL 100 800, of
which this State has 81 oe07T2 equal about onetenth
There has been paid from the public treasury for all
purposes connected with the establishment of the State
Lunatic Asylum, the sum Of $3.50 AIS TO- This
disbursed for the purchase Of hundred and twenty
hve acres Of snd the erection Of building FIVE hundred