The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1844-08-16
= Ex dividend.

It viii ibc.observed that good dividend paying State
stock have slightly improved, while those Of fancy
description are very much depressed The position of
tne delinquent States ia not clearly defined than II
has been for long time past The creditors Of the re-
pudiang States have guaranty when the interest will
paid on their stock The Legislature Of
have by the passage Of laws evyng taxes aud ordering
the sale Of the public works. induced the creditors Of the
State to believe that after February the full interest
on the public debt will be paid The attempt to sell the
public works, has thus lar proved aborve There has
been only about fifty shares sold The sale will continue
until the twenty days EXPIRE when all the shares are
not sold those already bid off will be withdrawn and the
sale declared null and void. is reported that at the
last moment the Camden and Amboy Railroad and Rari
tan and Delaware Canal Co. intend come forward and
take the whole stock We have little faith in this
as the price of the stock is fixed the sale will not be
made unless that price is obtained consequently those
who wish to purchase, gain nothing by waiting till the
ofsa!c There are very great complaints among the
holders Of Pennsylvania stock the delay experienced in
getting the State scrip for interest due Only small por
ton Of SCRIP for interest due last February has been is
sued to the creditors of the State And we suppose the
scrip for interest due the LIST inst will not be issued until
next year sometime. There many holders of the
stock Of this defoultng State who have all their proper
y locked in this security, and who depend upon the
sales OF the scrip issued for interest for their daily bread
They are willing to submit to the loss but they require
regular supply az the interest becomes due The blame
attached to this vexatious delay, thrown from one 20
vernment officer to another until impossible to trace
the responsibility The apparent of moral prnci
pie in the conduct Of the authorities of Pennsylvania IL
sufficient to destroy all hope of the redemption
Of the credit Of the State The workings Of the new tax
law have not yet been developed We have little conf
dence In the result appears to impossiblty to
collect an additional tax when the Of former years il
in arrears to very large amount The only thing avo
rabe to the Of the is the great improve
men in the general prosperity Of the State and the album
dant harves Of the farmers The favorable condition of
the people not have the proper effect on their DISPOSE
tons No has doubted the ability of the people
Of Pennsylvania to pay every fraction OF the tax levied
or to meet the interest their public debt but many
having doubted the existence OF disposition to pay and
until this principle rooted out the creditors OF the
State never will receive their just dues.
Arrangements have been made for the redemption OF
the Of State Bonds issued in favor of the Union
Bank Of New Orleans, and due the LIST of November
next The financial condition OF the other States in the
Union has experienced very little alteration The public
works throughout the country continue make the most
satisfactory returns Those Of this State Ohio have
never been more productive All railroads continue
to show increased receipts and the present internal pros
perty Of the country has been exceeded We have
as nation been blessed in every thing tending to ad.
vance the happiness and welfare Of all classes Peace
and uentv prevail In every cfiou