New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1844-11-16

FRIDAY, P. NJ.

but at the Second Board lower The result OF the
Presidential Election has produced quite excitement in
Walsrec and Stocks have Unexpectedly fallen every day
the result has been known We think that the disastrous
effects OF the election Of Free Trade Annexation candidate
the Presidency cannot seriously affect permanently either
Real Estate the city OF Newly my kind of Stocks
which intrinsic value We do not think ct all probable
that dollar WILL for the present. be invested any kind Of
manufacturing business capitalist would have the temety
embark in such hazardous investment with the almost
CERTAIN repeal modification Of the Tariff threatening
nm in the course of few months Tie effect Of this will be
give the entire field those who are ueney engaged the
manufacturing business and from this time until the ucuc
peal of the Tariff law, these VIII make
than they would have done hus hey feared farther COMPETE
Money, not being in demand for manufacturing pur
poses will necessarily seek investment Stocks and in city
Real Estate; and mistake much both not higher
less thun three months they have been years before
The actual for their depreciation will not arrive until the
Tariff actually destroyed In the time, the laborng
classes will probably experience more or less inconvenience
the general Discrimination of capitalists to embark in
tive business pursuits either mechanical or mercantile Thou.
saRds of doars-we believe safe saying millions
have been in readiness be employed erecting factories
creusng and extending machinery SC the moment that the
country should decide the permanency Of the existing Ia
riff This money find Rome other channel Where
will it GO?
There was good demand for Exchange TO-DAY
for the steamer and the supply nearly exhausted Scr.
ling was lO for prime Bills Francs rather plenty:
quote 5.2l = 30.
The receipts over the Long Island Railroad show
very encouraging state Of business and argue that it will
become Of the most profitable roads in the country Dur.
ing the winter months will be flyorte for Boston Travellers
The following were the earnings for the last three months
aigus 81 "a
S Ssgg%beF SYl s s
Total ..................s92+i3 81
The Directors of the Syracuse and Utica Rail
have resolved rebuild their road foundation
Of wood and the heavy rail be employed in the
constructions 1t be completed in three years, ond will
cost 100000.
In relation to the charge in The Herald that the
Fund Commissioners of Ohio here endeavorng TO bor-
row money for the payment of the interest Of Ike State debt.
Mr. Lake has published the following letter tho Editor Of
the Herald: ;,
Fn.SEls Ossf w. a% SoT u ls .,
that this city, and vsi, here hus
under the necessity OF borrowing any money any pay
men OF interest 10 become due on It's public debt, the eve-
this year considerable surplus Beyond the amount required,
and greater than previous year The debt Of the State
has not been increased any time heretofore by leans for the
payment interest, such having always been sup
Piled from the from her public works and taxation
the necessity of the Stuie ask Of your cundor the
this note, that the erroneous differences drawn your art
''' 10 " Very respectfully $1,000: J9 9S s LAKE,
The letter of Gov. Fora, OF Ilnnois. in rralon TO
the State debt breathes the right spirit He Iepudnes epu
da,on only unjust but ncxpedent, and expresses his
determination recommend to the Legislature the lay
ing Of tax for the payment of the interest the debt, He
says:
Ii should be increased could be done propec.
lively only They would not be required o be collected until
the latter end of the year 1876 al which me successful cul
tlyation and restored health will have breahed ability
into the people ~
What done need be oppressive The provision ought
not TO involve high taxation. We ought not to drive
people away from 10 escape eXorbitant burdens The
revenue of OF counties too large Il sQuandered
to purpose BY the County Commissioners The whole land
tax ought be resumed and put where II formerly
tie Stale Treasury. The wond be increased and
this increase together with such moderate TAX rs the General
Assembly might deem the people able TO without oppes
SION might be apart permanent and nced fund.- ded-
cnted to the payment of portion OF the interest public
debt II i,tfre that the might not be great 1T first.
ii might seem trng when distributed large debt
snnce OF tIlne would make consdeabe and finally,
fully adequate the purpose intended II we shall advance
IN numbers wealth and Improvements Us rapidly Il. the state
Of Ohio II would lie great while before very slight
,ond Weld sufficient 10 the entire interest Blu;
have every believe that we ever get able and will
ling pay three cent our creditors would be willing 10
compromise with US at that sum-
Whatever we do this way ought 10 have the greatest per.
mnnencc there ought to exist very considerable dssatis.
faction in the public mind, and the nearer unanimous all
rnuld he the permanent the measure would be.
lVe 10 make il known the whole world that what
ever may be done this all that ever VIII can be
done.
1t is under this improved appearance of things Illinois that
Mr. eayitt und Col Oakley about to make another
temp to negotiate the loan England They confident
of success.
The following Banks have made reports for the