The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1844-02-02

We find the receipts and stock in Mobile this year larger
han at the dates for many previous yesrs At New
Orleans, with mach larger stock than usual In con'e-
quence Of not shipping the receipts have been much less
The future wrap,5in mystery The sreeu
latve fever will the advances and the
extent Of the crop better known The princpa p'r
Of speculation viii in this market Spectators Of
the South will forward their cotton to this port Tor the
twoold purpose Of obtaining discounts on and having
in the hest market The reports that daily reach us re-
gardng the yield Of the crop are so contradictory
that no confidence be placed in them There has not
been unavorabe for gathering since ls93 as
the present In many parts Of the cotton growing Sec
ons the rains have been continual that twothirdsthe
growth of certain districts have been lost The crop will
not exceed 900 bales that first estimate and
we have good cause to change that opinion.
Specie continues to pour into New Orleans The re-
ceipts the 10th ult amounted 10 SI06 900 the 18th
to Sll7 ,OOO making the
Total to the 18th. this season.. :. 80. 81 947 sis
For same period last year. 46es0!
Decrease this season.. :. .Sl,7 5o,l73
This, on the face shows falling OFF of nearly two mil
lions in the receipts for the season. but the actual amount
received viii greatly exceed the receipts OF last that is
the amount in circulation larger than has before
been known.
The Legislature of Ohio at work trying to make
more Bank capital The House Of Representatives have
passed bill incorporating the Bank OF Chilicothe The
bill will get quieus in the Senate all others of
similar nature have before. The Legislature Of Ohio
will, doubtless adjourn without perfectng any new
system of banking The people of the State will here
after reap the benefit Of the schsm in the Assembly The
want of banks is felt by few reckless spectators who
cannot find food for their profession without them They
will find is impossible 10 obtain them, and will
transfer their movements and operations to other
State where the system of banking grants them the
sary facilities The honest hard working, producing
class may at first experience little by the
absence Ct banks but the will be supplied
with sound currency that will admit of depreciation
The disorders in the circulating medium being more
regulated and the banks suffered go out of existence by
limitation the future will be Invested Of the many and
sudden fluctuations all classes have passed through
king the really valuable classes the greatest sufferers II
would happy state Of things every legislative body
was thoroughly slded the subject of banking
that Of Ohio. would be great safeguard Of individual
property, and in compelling evils TO work ont their
better times than the wisest heads could
produce with all the legislation in the world.
We stated few days since that the Legislature Of Ten.
had created additional tax for the purpose Of
raising larger This additional tax is money
capital loaned deposited at interest used
notes other evidences Of debt. All stock of inAvi.
dual resident stockholders in all the coporated compa.
Mes is 10 be added to the list property enumerated in the
act Of 1886. All property in that
act with the addition above given will hereafter be taxed
the Of and half cents the 500 value. The
State tax merchants and all other privileges and
pations to be increased in like proportion This bill
opposed by the Democrats III the Legislature, the
ground that retrenchment should surercede the necess
oftaxaon They proposed reductions in the expendi
lures OF the Legislative, Executive and Judicial Depart
ments This is the first step to be taken in economy.
After good pruning of the expenditures the out
goes have been down to the lowest dollar the people
would more willingly submit to tax. Many Legislators
keep their eye the receipts, without dreaming Of the
extravagant expenditures that yearly absorb than
the resources.
The Secretary ofthelTeasury has issued the following
official report for the information Of those interested in
| the Mexican indemnity
Treasury DEPARTMENT. Jan 80, 1874
Tic holders Of certificates issued by this Department
under the cnton with the Republic of Mexico will
the presentation Of their respective certificates at the
Bank OF the Metropolis, after the 9Th day OF FebrIa
~ next receive their proportions Of the second nstaen
and interest paid by Mexico after deuctng expenses
transmission and insurance the transmission Of the
funds to the United States. The amount be distributed
SI373 rs, and 10 equivalent to six S322 100000 per
cent Of the respective aw ards
Claimants who DESTROYS Of receiving the amount
payable their certificates at Boston, New York. Phila
delpha Baltimore requested to notify the Register
the Treasury OF their Wishes before the 10th day
Of February next stating the dates numbers and
of their respective certificates upon hch due notice will
be given Of the time OF at those several cities
J. C. SPENCER,
Secretary Of the Treasury