The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1844-11-02

mONEH mAttA Ell.
Friday, November La r. M.
Tho operations to-day in the stock market were vsry
limited and quotations in many instances at decline
Norwich Worcester fell off /; Long Island /, Indiana
tt Ohio o. t; stonington advanced Il Mohawk l; Nor
rs Canal Il Arie Railroad Ii Pennsylvania So Il Housa
tonic Railroad l Harlem I. Canton closed firm Of
yesterdays prices There very little doubt but that as
soon a. the Presidential election is settled there will be
avery great decline in the stock market For some time
mas been the general impression among operators
mat 'nere must be very great Improvement in quota
''ons the moment the political questions Of the day we're
settled and the administration for the next four years de-
'erinined Upon and in anticipation this many specu
ator OF limited means have become holders OF stocks
srnepallyanciss to extent much beyond their ability
20 hold These spectators will at any sacrifice
retain possession OF what they now hold until
alter the elections and then they will be compelled to
throw their stocks upon the merke and the result of this
VIII be break down in prices and seous losses holders
Had this movement been deferred until after the political
contest. until the excitement had subsidea VIC cannot
doubt but that there would have been quite an improve.
ment in quotations and for time quite active business
done in the sock market Many shrewd operators are
patiently waiting the result Of the late specuations and
they will, without doubt, profit by doing Money is
very abundant and very cheap-good securities will
command sny amount and commercial affairs will re-
ceve an impetus, growing cut Of a convistion that
very little change can take place in the general
policy OF the government We very safely
calculate upon the permanency of lthe laws az now
enforced We have not before eyes continually the
fear that any great interest will suffer from legislation,
and whatever objections there may be many OF the
now in existence regulating trade and commerce. they
must rapidypass way and the blessings disability per-
manency realized No deny but that many Of
laws affecting commercial affairs defective and might
hQ Ovod hvy nit
dangers and uncertainties attending the passage of such
acts are sufficient to affect may advantages that might
arise from any alteration The two great raries OF the
present day do not differ materially any great principle
seven-eghths of the political capital existence
brought up by party leaders and magnfed to their
individual ends It would seem from the tone Of
party Prints that the principles Of either party carried
out would ossuredly ruin tho country and make US all
bankrupts and beggars. This result however does not
at present appear to be very at hand and much
question the power Of the radical party existence
to deceive the people long enough spread ruin and
desoiation over this great country.
The interest the public stocks of the city of New
York, due on the LIST Of November will be paid by the
Chamberlain Of the city, at his Office the Bank OF the
State of New York, Wall street.
The case of the President and Directors OF the Mcr
Chants Bank OF Baltimore the President and Directors
ofthe Farmers Bank Of Virginia being action brought
to recover the amount Of paid by the plaintiffs to
j. B. Seenberger, upon his check the defendants and
marked good by the cashier of the Farmers Bank OF vr
gins the defendants subsequently refusing payment Of
the same, Steenberger, in the time having become
involved in some pecuniary diculties up before
the Baltimore County Court, Thursday last and
concluded Monday. Judgment in favor Of the defend
ants The will be carried to the Court of Appeals
The grantees Of the New Cheshire Bank, at Ksene,
H. have accepted the charter with all the restrictions
thereuno annexed by the lava of the State which held
the private property of the stockholders liable The ca
ptal is fixed for the present $50 O0O which, by the
charter may be increased $4,000 The stock of the
Charlesown Bank, of New Hampshire, has also been
taken aud will be in operation with capital of
500 900
The Bank Of the State of New York has this day de.
cared dividend OF two and half per cent Tor the last
six months payable on the 10th inst
The annual report Of the Comptroller of the State Of
Tennessee for 1884, shows slight Improvement in the
finances OF the State and larger balance in the Trea
sury than in lS43 According to the last message OF the
Governor the total debt Of the State AGO.
49, which the interest paid by the State amounts to
Sl7s,6ls, as annexed
DEBT TENNESSEE, Der. 1873
Interest Re- y gssa
sO ors s,Os ok il .a the y TniGn Bank 10000 1900
lot mal improvements Of 1895, 5H ''''''
improvements. act Of M p; e; s $3.50 1sss
Total amtof bonds issued and unpaid $i7367s
The finances Of the State for the years ending Oct
ls4s according to the Comptrollers report Of that date,
were follows:-
FINANCES oFtTErNEssEE.
The ordinary revenue for the past years, to
Oct iS43 is from Clerks and Sherfs S2O5 1857 IS
extra revenue, chiefly from bonus and divi.
dends Of Banks and Insurance Offices. a67 1868 70
Making total Of. -........ 473,O22 OIL
The amount IN the Treasury Oct lS4l $50 $50 AZ
. Making q total OF. ............... 66l6l2 40
The disbursements for those years 623737 n
leaving in the Treasury, Oct l. ls43. ... Sss s75 81
Total amount of receipts for Oct. LIST ls43 to
Oct LIST 1874. ......... ....... $27l ,s23 Os
$3l0,695 ~
Total amount Of disbursements for Oct LIST ls43
to Oct. LIST 1874. Observation-Disclosures. 2sl,4i6 26
Balance in Treasury Let Monday OF Oct asa o.
rhaA .knfk HE atat.s