The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1844-06-28

ing, and prices rule lower than at any time
within the past three months Paterson declined per
cent; Long Island l} Norwich and Worcester
Farmers Trust 1; United States Bank /; Canton Co. q!
Reading Railroad /; Harlem "A sonington Indiana and
Kentucky 6s closed firm yesterdays prices Ohio IS
advanced per cent
large meeting of the stockholders Of the Plymouth
Railroad held in Boston few days since. organise
the corporation The whole amount of stock 5000 900
TAKEN and the books OF subscription closed 1t
proposed that an nstalment of ten per be immediate
ly called in The work will be Immediately put under
contract and forwarded with all the expedition possible
This Will add another to the many railroads OF New Eng
land.
meeting OF the Commissioners of the Morris Sussex,
and Warren Railroads held last week in Dover, N. j.
preparatory to opening the books of subscription
stock OF this company is in contemplation to make
tins road an extension continuation of the Morris and
Essex Road. BY extending this road to the Delaware
river at the water gap is supposed its receipts will
sufficiently increased to make the whole line productive
The Legislature of Pennsylvania have chartered
pany to construct railroad from the water gap the
Delaware river the immense coal beds the northern
part OF the State which, by few miles extension can
be connected with the Erie Railroad, making the
distance to New York eighty -four miles shorter by this
route than by that to Permont besides avoiding the OBJ
the winter season. The most feasible way to get line
of roads from Lake Erie this city would be extend
the roads running through New Jersey and Pennsy
to the southern line Of this State and then get up
pany TO carry a road through to the lake. We fear
there will be direct railroad communication with the
west throughout the winter months. without adopting
the improvements already made by neighborng
States Within ourselves nothing will be accomplished
The original project of building road entirely within
the limits Of the State has dropped through The
revival Of the work, through the influence of public
meetings. has died away and the thing will eventually be
forgotten While the fever lasted, the stock in Wall
street the ADVANCE and sales made high
as thirty per cent. The current quotations now are
s 10 per cent and confidence in the work has fallen in
the ratio.
Pursuant to law the President and Directors of the
State Bank have made further burning of the notes of
the Bank Of the State Of Alabama and its Branches in
the presence Of the Governor and Secretary of State
The following is the official account of DESTROYED
by burning, in the present month =:
Of issues from the Bank at Mobile .s7s7 Oe5
Z" I" Montgomery. -. 298 376
State Bank, Tuscaloosa. ..... $500
The circulation is thus farther reduced more than
million Of dollars.
The currency of Alabama will soon become perfectly
purified at this rate AS the old issues OF this
Bank and Branches withdrawn from circulation and
destroy by fire, may expect revival of the internal
The report of the Committee in the Senate on Foreign
Relations in regard to the Zo veren Treaty disposes
OF the subject in very summary II advised
laying it the table, which amounts to rejection as
the period given for its ratification will have expired
before another session of Congress- The committee
object very strongly to innovations upon the uniform
practice in respect Of the department of government by
which duties imports shall be imposed. They also
state that the stipulated equivalents be considered
nH,san ops:Io
from this government. The gain to the United States
Is stated to be confined to restriction of the duty
lard to 1877 cents the centner l3 pounds and the
reduction Of the imposition tobacco leaf of about
cent and on the stems of cent and third per pound
The report also states that the price of tobacco ndepen
IDENTIFY of the reduction which might follow diminished
rate OF duty already somoderas lin the Zoll Verein
States, that increased consumption any considerable
extent hardly be expected under the proposed treaty
As Offset to the advantages receive by a reduction
Of duties our tobacco, lard, cotton, rice, &C. the Zol
verein spulate with the United States, as follows:-
ARTICLE The United States of America agree not to
impose duties on the importation Of the following arti
the growth produce and manufacture of the States
OF the Germanic Association of Customs and Commerce.
exceeding
l. Twenty per centum ad valorem on the importation
L. All woollen, worsted and cotton mtts, caps, and
bindings and wooen worsted and cotton hosiery that
similar manufactures made frames.
o On all musicsl instruments, Of every kind, except
piano fortes.
II. Fifteen per centum ad vaorem on the importation
1. All articles manufactured of fax or hemp or of
which FAX or hemp shall be the component part of chief
value except cotton baggng or other manufacture
q All MANUFACTURE Of silk or Of ws,sh ssiIk sha he
the component p lrt Of chief value;
3 Thibet, merinos merno shawls and all manufactures
OF comhed wool, or OF worste and silk combined
Polished plate glass, silvered not silvered small
pocket looking glasses, from three to ten inches long
and rOvp oT.
description, snuff boxes OF paper mache lead pencils
ithograhic stones and wooden clocks under the
name OF Schwarzwalder clocks
5. Cologne water, needless bronze of all kinds
planes scissors, hes files. and fish hooks, gold
silver and copper wire tin foil, and musical strings Of
g. Leather pockstbooks and etus and all of
lar fine leather ufactures known under the OF
OhenbacheI fine leather fabrics.
ILL., Ten per cenfum ad valorem the importation Of
l. All thread laces and insertings sces, gaoons
tresses tassels knots stars of gold and silver fine hall
Mineral waters speer, and hares wool, dressed
The items included in ls Article under the present
tariff pay thirty per cent ad valorem. The proposed
treaty requires reduction of ten per cent.
The items included in 3D. Article pay from 80
per cent-under the treaty the duty would only be
Is per cent.
The items included in 3D. Article pay under the present
tariff Is and 20 per The proposed treaty stpuates
ten.
The reduction of duties imports, or the establish
ment of tariff laws regulating the duties imports de-
wolves upon Congress- and the origin Of all tariff acts
bills proposing alterations notifications existing
act confined to the lower house Congress This
ing settled by the constitution, the power to form
treaties, requiring such heavy reductions in duties
imposed by tariff acts in existence, being vested in
the Senate and Executive alone, may well be ques-
tened. Where distinction is made in the dute.
on articles of similar manufactures coming from diff
ferent countries, it would necessary, that such
distinction should be made upon the passage or en-.
forcemen Of tariff act The law reads that such