The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1844-03-18

Contractors to furnish stock allowed to do so at 30
per cent above full stocks those who able accepted
the terms and those who able ruined and
became bankrupt brokers' After having in this way OBJ
tanned possession Of all the stock aoat it necessary
to bring into the market again. stock of any descrip
ton is only worth what will bring 1t is Of no value
paper the market prices establishes that The immense
capital locked up this could remain long
the operator compelled to realisehe into the
market with his stock, and in week il fell ninety five
per cent. and continued falling until it reached about
seventy eighty per cent This of course ruined the
OPERATOR he had ruined hundreds before this. This
stockhas since the bursting Of the bubble touched as
low as five six per cent From six it has, in the course
oftwo years reached per and the inaioh
Is stiii rapidly progressing To what point VIII reach
or to what extent the reaction will CO. time alone Will de-
ermne. The maxim with stock spectators should be-
small profits and short sales.
The present inactive and depressed state OF the stock
market produced other and more nstua causes State
stocks particularly unfavorab!y influenced by the
position of the political questions of the nt The
agitation on the annexation of Texas and the settlement.
OF the Oregon boundary has created dstrust in
securities that SPECTATORS could contend against The
Texas question will bring at direct variance with
Mexico and indirectly with Great Britain and France
The of the House of Representatives is pretty
well settled by the vote taken on Mr. Winthrop's re-
solutions to suspend the rules admit his proposition
That Texas ought not to be admitted into the Union
The House refused to suspend by vote Of l22 to 40
The Western States ripe for would relieve
them of the heavy debt under which they labor The
South in favor of the annexation Of Texas, it
would extend their political power subjects particu-
larry connected it'll their domestic institutions These
two great sections Of the country determined the
settlement of these things Immediately. The whole West
to man, is in favor of at taking possession of
Tho nj iufs md
The direct effect of this state of the political par
ties State stocks will be of the most vital i'm.
portance in financial circles. The Western States
debts larger than they will be able to pay.
Nothing will wipe them out but war-nothiRg
else will relieve them of the might of taxation. An
Of this nature will settle number of the questions
agated The public lands would be used up carrying
of years, and the friends Of distribution would
lose their favorte hobby. The tariff would longer be
bone Of contention between the two partiess protec
tive and features would be lost the disuse
that would follow The holders Of State stocks in
Europe would never after have any occasion for anxiety
on account of the payment Of their demands. And
the manufacturers Of the North and cotton growers Of
South would become mutual promoters OF each others
terest and welfare Party strife and recrminaton at
home would be allayed aud the country would out
regenerued and dsenthrsed These considerations
powerful influence in the sections of the country before
alluded to- They before them for the future, great
prosperity and nothing will be left undone bring about
the necessary movements to produce such and i'm.
proved state OF domestic affairs.
The East and all that section of the country engaged
commercial pursuits, will their great influence backed
bysrong parties abroad interested in the existence
will and peace between this country and Great Britain
promote peace There is an immense of foreign
capital appropriated to the development Of the riches and
resources of this country. Millions upon millions have
been invested by foreigners in wsrks of public i'm
Prvement and internal institutions and the influence OF
this will be brought to bear upon relations with the
mother country The very existence of the manuractur.
ing interest OF Great Britain depends entirely upon con.
nuaon Of the present peaceable position of the two
countries It is impossible to look at the various links
that bind the two nations together without coming to the
conclusion that any actual disruption impossible We
have much to lose by such event and every thing
gain. England has everything at stake and nothing to
gain. We speak commercially. We refer to the result
ms regards trade and commerce.
The of Ohio have laid the table the bills sen.
up from the House for concurrence in relation to the
establishment Of Free Banking law, and the recharter
ing of the Hooking Valley Bank the Franklin Bank and
tho PRIMERS and Traders Bank, of Stubenvle and the
Franklin Bank.