The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1844-01-16

IMPoRrs AND EXPORTS OF PORTSMOUTH,. ONO.

This exhibits exceeding that any port in
Ohio the lakes-it shows the of trade, which
will doubtless increase for the future in the proper
ton.
The present position the State of Illinois, regards
her public debt is SO very precarious that all interested
very sensitive in regard the various influences that
are brought to bear the result The movements of
Governor Davis, and all those Immediately concerned
are looked to very anxously. There many con-
tingencies connected with the whole business that the
termination of the negotiations may be unavorablc
than anticipated Governor Davis mayfmake report
reaching the wishes Of those the friendly to the com.
petion of the canal but the whole depends upon the
action OF the Legislature, regarding evyng tax what
report may be made will have little effect on the ne
gocations until the of the the
people Of the State is decided The sagamo Journal the
leading wing paper Of Illinois makes the following re.
marks
"The New York papers appear to know a great deal
more OF our local concerns, and State policy than
own citizens.
"a" is suggested that Legislature will be called to
geter and the reason for this u.s. that under their auspi
ces he present system for paying our State debts
are conclusive why. call of the Legislature
would prevent the holding of the spring terms OF the cir
cut courts IN every county in the State this could
be got over There is another however that could not
bethe present Legislature would not lay tax of one
cent to pay the interest the State debt They have
ready decided that matter 1t downright dishonesty
New York editors to endeavor to produce different i'm
do .omethng-the present viii do nothing Every bedv
here knows these factsand causes us much
that papers in the interest of Wall brokers should
De disposed to disguise conceal the truth in this
CoLOakley may rest assured that his scheme
ming the Legislature finds response here As friend
to the canal he should not wish see the Legislature in
session. We say in all truth and sincerity that should
me present members Of the Legislature he called together
is our solemn belief they would at once destroy ali
the hopes Of the friends Of the canal by repudang the
project now in existence for its completion"
This is from the organ Of party that has always been
friendly to the canal a-d Sc -r-'-.l u.
party tei- --'j--. T'-- ~%ep t'tor' NY This young
State towards reducing her debt excited great deal
of attention, both in this country and in Europe 1t is
the first actual ofthe kind made this Union The
Legislatures of Ohio Indiana Mary and Pennsy lvania
Louisiana, New York, Alabama and Michigan have met
and yet not measure has been adopted to lqudate
dollar Of their public debt In the Legislatures many
Of the above States the subject has been alluded to
except in the Governors message. This far different
course to that adopted by Illinois That State has mad.
good beginning; but the terms mingled with flu
ture events that the whole will doubtless fall through
and the position of the State be unfortunate thar
though negotiations had commenced The parties
originating the present policy have been attacked al
by political organs who make groundess charges
about foreign interference, from the fact that Governor
Davis has been nominated by Of the wing papers in
the State for theVce!Presidency This is irrelevant
has nothing to do with the important subject in contem
platon does not follow that by Governor Davis making
the most unexceptionabe report the object aimed at will
be achieved All the foreign interference in the world
cannot compel the people OF Illinois to pay additional
taxes, unless they are disposed The average in
the State is So CENTS the heaviest that levied &C
cording to the present law is 10 cents $780, except
incorporated towns. The valuation of land in Illinois
cannot be less than three dollars per acre. but lands
not taxed until FIVE years after the date of entry Here
young and growing State taxed So on every slO
value Of property. much heavier than any of the oil
and wealthy States labor under; and notwithstanding
this, an additional levy is anticipated It must appeal
very doubtful to every the least informed on this sub
ect whether increase to the present of taxation
would be received by the people lin the spirit tina
former burdens have. The taxes in Illinois hghe,
than the average in this city cent per cent without say
ing anything about the difference in productveness
property here over that Of so distant State.