The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1843-05-31
Tuesday, MAY 3O--6 p


The pres, Of business ut the old board to-day SO
great the usual hour passed before
Motions made to prolong the session. This could
not be done without altering the byelaws. An officer of
the institution made motion that the sittings be de-
clarcd permanent" like the Rump Parliament but this
premature. The rise in prices very great.
Ohio 6s per cent Kentucky per cents reaching
par; New York State SIS also reached to par Illinois
rose per cent? Indiana 81 Delaware and Hudson 4;
Bank OF Commerce per cent Long Island "a; NJ Jersey
per cent; Mohawk II; Harlem S! Utica and schenec-
tady per cent
AT the new board United States stock sold at ll6t.
The sales generally not large, but the rise
equally great The rise in Vicksburg stock to-day has
been created by letters the assignee the Grand
Calf Railroad and Bank which that the collections
since August, 1912, 81, 1856 49, The liabilities
$35o364; also II SOL of real estate has
payment of doubtful debt considered bad The Court of
ERRORS has confirmed Judgment cotton lands to the
amount of 100000 The vcksburg Railroad having
priority, is affected by the decision, and will have
a surplus in addition to the Railroad.
Several of the Santa Fe traders arrived at st. Louis
the 18th instant, and proceeded Immediately up the
Ohio with $35e00o in specie, to make their purchases.
This is much better than Brandon paper money in OK.
change for goods and produce.
The South Carolina Banks that refused to accept the
provisions of the bill relieve them from penalties of
suspeusiOD, VIII now Uo opHBcu " VIM up unuer
late decision Of the judges of that State.
We remarked lately that Maryland, following tho
ample Of Pennsy had levied tax to part Of its
interest," and that its citizens in like had refused
to pay it. meeting of the popular party held at
BeAir the 18th inst, when resolutions passed
expressive of the inability the people pay the tax
and also the nexpediency Of selling the works in the
proposed in the late law. The resolutions conclude
as follows-
Resolved, That several of tho counties have neglected
refused pay any direct tax and that all the coun-
ties ought oppose in constitutional and legal manner
Resolved that the people of this country at their next
election ought express their dsapp obaon OF this OF
pressve system of exacon and come out openly for
peal.
In article of Monday in reference to commercial
treaties promised TO continue the investigation Of the
operation Of existing regulations in relation to the trade
with the British colonial possessions The restrictions
which existed between the United States nd Great Br
tan in relation to their general trade led before
stated virtual abandonment of the principles of the
Navigation Act in 1915. The colonial trade was, how
ever excepted from those provisions and mutual restrc
tions prevented this trade from growing until $780,
both nations seeing the necessity beraly tho
colonial ports by British orders ia Council nearly
all opened the vessels of the United States arriving
with produce from the United States direct and clear
out for any foreign country the terms and duties
British vessels also the drawbacks, bOuntes and
allowances. In consequence of this movement of Eng
land the President of the United States prior
law Of Congress to that effect issued open
ing the ports of the United States British Colonial
sells. So far the reciprocity apparent It was
tended however, British vessels enjoy ed superior ad
vantsges those of the United States extent which
would eventually drive the whole trade into British bot
toms. The most material of these advantages were
stated to be-
Ist That American vessels cou Id arrive at only
colonial port direct from the United States and could not
depart thence for another British pert.
%, That goods could be wsreheused in port, End
carried thence British vessels to another colonial port
which United States vessels could not do.
Sd, That the number Of ports to which United States
many products OF which gy one that be OBJ
tened at the place Of its production only in British
sells.
II WAS commended that these disadvantage to Anne
rcan vessels would give all the trade to British vessels
States in British vessels carried to the North American
colonies naurazed and thence carried to the W. Indies
free of duty, British -four while American vessels
could only carry it to the West Indies direct and pay the
duty. Notwithstanding the great disadvantage of having
market for agricultural products wss contended
that better close the ports altogether than to al
low British vessels monoroze the trade. Those
gulaons have been thirteen years in operation and
clearly their effects in the Treasury tables In
the first place. the progress Of British tonnage seen in
| the following tablet
ENGLISH TONNAGE ENTERED UNITED STATES EACH
YEAR-ALso THE AM TONNAGE FROM THE CoLoriEs
.fm. IONS