The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1844-03-09
C EXCHANGE, MARCH 9th, 1874.

The Commissioners of the county Of Philadelphia have
published their statement of the value of property assessed
for State and county purposes The real estate valuation
for the whole city and county 1893 horses and
COWS, o3s personal lO3s5s2 furniture l766 994
carriages Ill ,922 emoluments of office, 1873 lO7
neys at interest 1886, $50 number Of watches, 1881
The aggregate tax is $275,ol7.
The President of the State Bank of Indiana has pro-
claimed the restoration of the Lawrenceburgh Branch
all its former rights and privileges, fullyo all ntents
and the order of suspension had been
made.
The West Branch Bank Of Pennsylvania has resumed
specie payments.
The Legislature of Michigan have under consideration
bill for the sale OF the public works motion to indie.
futely postpone it. was lost by vote Of 80 to Is
The aggregate valuation of taxable property in Mchi
gan, for the year lsi3, was SAT ,66s2l5 A.
The State tax levied was S55 1886 46-being two mills
the valuation.
The valuation of 1910 was $37 1884, 24 l3.
The Bank Committee in the Massachusetts House Of
Representatives have reported in favor Of repeating those
sections Of the law passed last year. which gives super
visory power to stockholders The recent decision of
the Supreme Court Of that State that holders of bank
stock liable in double their of stock for the
misconduct of directors makes the report of the commit
uncaed for and unjust proceeding towards those
connected with the banks The power vested in the
ceedngs of the than the privilege of
protecting their property. Should the report be
adopted and the decision Of the Supreme Court
rmed the stockholders in banks would be held RESPONSE
BILE for the of their officers without the power to
control their movements There is not particle Of jus.
tice in such laws Without the power to prevent or de-
tect crime the stockholders held liable for the
quences 1t proper that they should be responsible to
every possible extent but do not take away the prvi
lege now enjoyed of protecting themselves the public
from their agents
AT a meeting Of capitalists in Boston, committee was
appointed take into consideration the subject OF build
ing railroad between New Haven and New York.
thereby completing the line of railroad the main land
from Portland to Washington; and to collect Statistics
to charters income, cost of road &c. and report at f
ture meeting The Eastern capitalists have perfect
railroad fever Any amount of money be raised in
Boston at very short notice. for the purpose of building
road In any part country provided the future looks
fair for profitable returns
There are in circulation dollar counterfeit bills of
the Planters and Mechanics Bank of South Carolina The
engraving very coarse In the upper and lower margins
othe genuine Dill there white spots on each side of
the word ten which are entirely omitted in the coun
terfeit.
The Philadelphia papers intimate that persuasive srgu.
mens have been used with members of the
Legislature, by agents Of foreign Stockholders to induce
them to provide for the payment of the interest on
the State debt Whatever persuasive arguments may have
been used they have not yet produced much effect
We afraid they not sufficiently powerful pro-
duce the desired result The Legislature Of Pennsyva
cannot even be brbed to pay their debts.
The receipts of specie at New Orleans the osh ul
were'as follows -;