The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1844-01-18

millions annually saved to the country by an economical
administration Of the different departments This ID the
first step to take; the commencement of the begin
ming
The Boston Money Market the usual favorable
features Stocks improving and capital very sbun
liant cotton factory stocks daily advsncng Amos
Keag is held at 10 Merrmac 81 York 10 Middesex 3D.
BOOT III Lawrence o Suffolk ~ Hamilton o Apple.
ton p Lowell, Massachusetts, per cent advance The
latter company makes a sem-annual dividend of six
per cent capital Of 81 100000 Several new
establishments are going into operation in
Lowell and saco. Most of the above companies
have within the last six months declared first rate div
dends and their stocks range two to wentyseven per
cent advance The present tariff and the existing cond
ton of the currency throughout the Union have had the
necessary influence upon this branch manufactures
to place them in very favorable position During the
debate the tariff laws in Congress- while the question
remains in undecided state every interest culary
the manufacturing. is futering in the wind uncertain
what course to pursue, what policy adopt The mo-
ment decisive step is taken matters but very little in
fact what that course is all parties know what depend
upon, and govern themselves accordingly The capital
invested in most important interests has reached so
large amount that nothing materially affects their adj
vancement but depreciation of that capital from its pre-
sent pursuits and the accumulation OF an enormous
amount for the purposes OF banking and the expansion of
the paper circulation Whatever policy the different CO.
vements this country adopt depreciate the value
Of the circulating medium just in the same proportion do
they reard the advancement of local interests the
advancement Of those of foreign countries The nearer
approach these nations with whom are compelled
to compete and which under the present position of our
financial affairs, have successfully performed, the
nearer the value of the currency which places prices
nearer The greater the similarity that exists in our
commercial systems, the more favorably situated
and the more profitable our intercourse with the world
The great ruler trade and commerce money and the
more uniform the value, the the advancement All
other influences that bear upon the of trade
are secondary compared with the great influence of CAPT
tall with the proper uniformity ofvaue The revolution
in our paper currency has, within few years past been
thorough that cannot be anticipating much,
hope that the experience of the past will have favorable
effect for many years to We have not had, for
long tmeor period that will reach back lsng before
the great regulator the United States Bank controlled
the interests of the banking system regular and redu
ced rate of exchanges, great uniformity in the
value Of the bank issues exists at this moment This
state of affairs has created ITSELF its existence to
nothing but the general spirit that prevails in every cor
Of the country and in the breast of every individual
in to economize to control their ements to place in
state of liquidation all the useless and corrupt banking
institutions have nothing to do with the worthless
trash called bank paper to establish sound system of
banking, and to establish the paper circulation specie
basis to adopt system that will regulate its value and
prevent the blghtng effects of great and sudden nctna
tons to confne the circulating medium TO the actual e
Ultimate business wants of the country and to leave
resources idle to enable spectators to prey upon the
community and create irregular Of trade The
movements Of the general government have been the
direct cause of the present prosperous condition of the
country the tariff in force has been from its passage
nt,s,, k1.l
ticpated up to the present time. The government has
not involved itself in any movement OF the currency but
the people have in great measure, been left to them
selves-legslation has not medded with commercial az
fairs and they have been regulated themselves more tho.
roughly than all the laws in the world could produce
Up to the great crisis in this country the people 60
verned too much they knew not what day hour
might bring FORTH and their confidence in the permanency
Of laws affecting commerce, was very limited.
The complete change that daily feel the beneficial
effects ocan be directly traced to the great in
the currency. The disappearance Of many banks and
the appropriation of large proportion their capital to
the regular channels Of trade that formerly through the
banks was confined TO whatever speculative movement
could be imagined or put paper The future filled
with hopes 1.-THE state the currency continues in its
present healthy condition. and the people not induced
to engage in the deluSve operations held out by
adventures, who-lve like eeches We have before us
long period OF uninterrupted prosperity and profit
The trade Of Baltimore looks very favorable. and the
finances Of the city equally
Value Of merchandise imported in American vea.
sells for l8i3.'' S2,ss ass
10 DO foreign do... 3a07I0
$s,sslse5
Am. rcan vessels 81 ,39I, 600
Do do foreign DO. 996 $50
$i387,597
Value Of reign mdye. exported
American vessels, 227 ia
DO do foreign de-. 30.322 258 096 si,6i5 SOB
Excess Of expenses for isi3 ........... sI3i372s
The debt Of Baltimore to So 773 contracted
follows
Baltimore and Ohio Railroad Company. go. S3637 2i5
Susquehanna Railroad Company ..... $50 900
Susquehanns ard Tide Water Canal Con-. $50 600
FOR other purposes. ............... 426,39
So, AGA, ia
The interest this debt reaches s3l3 400 annually
The receipts for lsa3 amount SCOTIA and the expend
lures to S7 $685. leaving balance of in the City