The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1843-04-11

MONEY MARKET.
nTnnHav AnriI 10-E ID

Monday. April 1O-G Il. M.
The sales at the board mostly Ohio and Kentucky;
about $4,000 ofthe former disposed of closing at
decline Of from Saturday; Kentucky fell /; New York
Us ls4s rose !; do SIS, 1885, rose}.
At the board there were no features distinct from
the other to notice
Nothing further has ranspired in relation to Shpman
There is great difference of opinion the subject
Philadelphia the belief be that he is under an
alteration of mind.
Mr. Willis Hall has introduced bill into the Legsla.
ture to allow the Safety Fund banks merge their affairs
under the general banking law escape the payment of
the heavy debt incurred to the bill holders Who
pay those debts to the bill holders in that case7 The
passage Of the law making the banks jointly responsible
Tor each others bills however unjust it might have been
10 individual institutions, virtually pledge of the
state aith that the bill holders should be protected The
law stood good when there nothing pay The
ment large debt is due to the unfortunate public who
have been cheated by the banks bill is introduced by
OF the paper system to repudae the debt The
present took the bills under the guarantee othe
safety und law and now proposed to repeal that law
not this repulaon7 There 5000 900 broken Safety
Fund bank bills outstanding, which have purchased
on the faith OF the law The repeal of the law is repu
diation of that debt.
The effect of the present tariff in destroying trade is
painfully evident in the prices of the leading articles
both oil export and import in the Atlantic cities It is
frequently alleged that the fall in imported and domestic
goods par passu with that of produce proof that the
tariff does not the depression in prices This arises
from amisapprehenson Of the OF trade The de-
mand for and the price of goods both domestic and i'm
ported depends in this country, upon the prosperity Of
agriculture If agriculture is depressed from any cause
the whole source of trade domestic and foreign dried
up The prosperity of agriculture depends upon extent
OF the foreign markets for the surplus The greater
foreign demand, the more will the prices of the whole
mass rse and as that rise takes place the more means
Is thrown into the hands of the consumers of goods to
make purchases Hence, everything which tends to en-
nance exports improves the home trade of our manusc
urers whose business depends upon the profits of
cultural products consumed home. The tariff there.
fore, which excludes foreign goods from exchanging
freely for domestic produce is to them not
protective" To buy any quantity Of foreign manufac
lures abroad, bank credits, in exchange for State
stock in former years. is undoubtedly Injurious to our
manufacturers But this cannot be prev by tariff
The only preventative specie currency. On the other
hand, with specie currency, the foreign goods
here are imported in exchange for domestic produce,
more Is the interest ofdomestc manufacturers promo
ted because thereby the their customers pur
chase is increased
since the passage of the present tariff the fall in prices
hes been immense. This is illustrated the following
liable oil current prices the New York market at differ
Pnt periods Of the last three years -
PAGES OF LEADING ARTICLE, IN rur CRY or Nr yopx
PROM 6mo' 1870 TO ArRIL, l8i3