The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1844-01-31

II will be that present prices much lower than
at either of the previous periods There has not been
much doing in any description Of securities lately in
sequence of the reaction that has been going in
money market, and the attraction Of capital TO other
modes of investment. Our local Banks have within
few weeks been going through purgng operation, pre-.
vious to making exhibit Of their internal affairs At
this moment they nearly through the infction, and
their relief will be particularly manifested in the advance
of OF the stocks used for speculation in WaEreet
Congress has been in session nearly two months, and
but bill has passed the lower House. and that solitary
one has connexon with the advancement prosper
y of the people The ses,ion has thus far been rered
away in idle debate and private quarrels The whole bu
ness of the nation is abandoned for trnng affairs
The only hope we have IT, that the different committees
reported being actively engaged in the duties
trusted to their supervision. The tariff question
is considered settled for the present. The re-
port Of the Committee of Ways and Means in
the House, will create considerable debate and
action the subject, butH they twill not be con-
Armed by the Senate if the alterations include any Of tho
important features of thespresent act bill from the
House, creating duties articles free for the pur
pose Of revenue may receive attention and pass the SEN
ate but this cannot be anticipated the political
pexon of the House forbids hope the party in
that body in power being favor of general reduction
rather than the slightest addition The of trade
in this country based this view. Our
chants in their arrangements and calculations act with
this understanding. Even this has given impetus to
trade, permanency is avery important thing in
mcrcial alters.
The report Of the Commissioner OF the Land Office pre-
scnts a very favorable view Of this OF
The sales for the last calendar year amount 674
acres, being last year of 5i0,a57 acres
yielding little than s2oO 900, slightly exceeding
the estimate Of receipts into the United States treasury
from this source made by the Secretary More than lOO
700 patents for land issued from the Office for the
year-a greater number than for any previous year,
cept 1887 when they amounted to 1877 00O In 1885, the
quantity Of land soldor which patents issued in
Is37was immense, producing revenue Of s26 1867 333
The sales that period Of last
year to actual settlers The lands sold in were To-
Gated principally In Missouri Alabama and Illinois The
public lands reported to have been very thoroughly
surveyed and the accounts and receipts at the different
offices throughout the country, in q very tangible
shape The confusion and defacstons so general few
years since have given way to order and honesty The
tide of emigration that will in few years set towards the
west will again send to the government treasury large
annually. The lands ceded and located ,th
in the boundaries of the western States will he brought
into the market rapidly possible and to certain
tent absorb the emigration until the supply of soil ceases
when the government will he the only party having fur
Their supplies We see by the operation Of this fact the