The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1843-03-02
MON EY MARK EFT.

Wednesday, March lie p. M.
The sales at the Stock Exchange moderate, and
rates showed little reaction from the fall Of the last
days. New York 6's per cent; Ohio II per
cent Nearly all the purchases this stock were made
by the States broker There general desire SELL
The National Bank it il said, loans upon at CO. Ken
lucky rose per cent; Mohawk I; Harlem 4.
Thetrsnsactions at the New Board were as usual and
prices similar to those of the other board
At New Orleans, the 18th, the following sums of
specie arrived-
Ship Rubicou from Havre SlsOOO
Ship George Stevens. from London. 1850
Ship TIVE Sons from Sisa 500
$4,000
The Stay Law Of Florida has passed both Houses by
large majority II is the as was by the
ssgacious Governor.
The Indiana Legislature at late session enacted that
the State tax should be 90 the $780, Also that
County officers oud extend the time for the payment of
taxes-also that debts contracted with the Bank after
January LIST should be collected without regard to the stay
law This aspecimen of exclusive privileges for banks
At Mobile on the 18th the banks checked on New York
at IS per cent
The State Of Ohio spent last year 81 100000 which cost
them $5eOO00 obtain and increased interest paya.
BILE 100000 They have now authorised the issue of
100000 shnplasers, which will meet the fate of
those Of Indiana Michigan and Illinois The annual charge
the State debt has thus been since
lest year. when the deficit 900. The dependence
for all this the tolls which have been follows
since 1888 -
ono; Ono cA MAJ; Tolls F'Tr',o 81; Mann,
1872 ss .ssss 7s:i I Isl. . ssSss ssiss
Here is gradual falling off Of $780, 900 in four years.
making difference Of $3.50 deficit between decreasing
means and increasing debt Of the State Pennsylvania
an instance Of the result.
The recent attempts in this country make the public
them directly the security for paper money bear
very strong affinity to the causes of the creation
of tho French assignas Of the revolution. 1t may
be useful to recount the progress Of that bubble The
specuations in the United States prompted by
the banks prior to 1885, produced all the consequences Of
disastrous upon the prosperity of the county The
armies Of spectators and aborers upon the public works
devoured the subsistence and deranged the trade Of the
country. Besides the immense private loans they nvsv-
ed government expenses-cty, State and feera-ofnear
$3.50 The amount Of loans during the 1--WE years
embracing the late war was SLOT ooa showing that
the expenses of bankborn speculation was $50 per cent
than the expenses of three years war with the
most powerful nation of modern times The national ex-
hauson and consequent upon this mas caused greedy
spectators and politicians 10 turn tneir attention
to the public lands resource They are now arrived
at the same point attained fy the National Assembly of
Franco in March, $780, scarcely ten months from the first
resistance to the royai au'ho"y' uo INC n"ahecs
Of the government had fallen into confusion similar to
That which is now ovsrtaking the federal government
hare According to Calonne, the extravagant minister
Tho Neckar the national debt Of France
~ follows .
April 49, hsS a, S GOO GOO sM3e@
rncrea,e 1891 900 600 s3s, 23e 500
At this point the national credit and revenue were
nearly exhausted. In this state of affairs, Tacyrsnd
proposed the application oftbe church property and pub
lie domain the State necessities, in the manner
that the public lands sought to be diverted to
the ofthe State creditors and for the reasons
viz that the "Church federal government not pro.
priefo but depository OF the estates" The sale oil these
lands was finally decreed 70 the extent Of $eOOOOOo0