The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1844-03-23
nexed quotations are now CURRENT

The receipts Of specie at New Orleans the lah inst
amounted to $4,000 the 18th to sols making the
total receipts for the season, 81 1898 6aO
The stock operations in Boston principally in rail
road shares Eastern Railroad quoted at per cent ad
vance; Boston and Maine Al do. Worcester, l5t i5a
do; Western, $6o3 per share; Portsmouth, 500 do Me-
rimack Manufacturing Company, 81 advance, $1,000
Massachusetts State SIS, payable in 1857, interest semi
annually, sold at 81 advance
The committee appointed to make report in relation
to the railroad between New York and New
Haven have done II is favorable tothe project One
of the given why the road should be built is that
would be indispensable in time Of The capitalists
engaged in making the necessary enquiries deter
mined to push the matter if the returns from those en-
gagged obtaining information give the most reasonable
encouragement.
The amendments to the Constitution Of this State in
laon State indebtedness ordered to third read
ing in the House. These amendments propose
FrstIn relation to the present debt they confirm all
pledges and guarantees Of the act Of 1912 and carry
out its objects by providing absolutely for its liquidation
in period oftwenty.two and halt years.
second-n relation to future indebtedness, they pro-
hb the mourning any debt by the State beyond $1,000
O0O Except in of instruction nvaon) unless
the specific question shall be submitted to ard approved
by the people The amendments also provide for the
nua payment of the interest the debt that may here
ton of the principal within period Of eighteen years.
The amendment to the Constitution of this State will
prevent any accumulation Of the public debt and is
me asure of much importance, and Of great benefit
The present Indebtedness of the State compes the tariff
of tolls public works to be placed at very high
point In consequence ofhe many for the ranspor
tation of freight from the west having established great
competition canals cannot obtain the proportion Of
produce they have heretofore received The canals OF
Pennsy draw largely the receipts from the Erie
canal The Welland canal the north attract immense
quantities Vt produce from those Of this State With these
works in active operation and determined competition,
is necessary to reduce the of ok works to
secure sufficient travel to keep them in active The
obstacle the adoption Of this measure is the immense
the State and the large required to meet
the annual interest This derived principally
from canal tolls and the has TO be kept to the
highest point possible to provide amount sufficient to
meet the heavy annual payments. 1t is Only by reduc
ton of the public debt that the tolls the canal be
reduced and the debt only be reduced by passing laws
preventing the smallest accumulation This subject will in
few years of importance this section
of the country and the retrenchment
be prepared for emergency the better Most Of the
public improvements made in the western States have
very indirectly, unfavorable influence upon those
of this State Canals connecting the waters Of the Ohio
river with those Lake Erie aud those running through
Indiana and Illinois, connecting the waters of the Misss
spp with these of Lakes Michigan and Erie will draw
great deal Of produce from the northern routes to those
| .-;u - o,,h.,l, n;s matter recurring great
running "o'o 'ou'"oy -, -,
deal of Investigation, whether the reduction OF tolls on
the canals of this State would not increase the
| - a., ,ro. h ,t. oa,,on., fre;obt that would be
ir"" "'"' 'o"'oe ~ 'o "'''', ,,, ,,s, q. ,.,.
transported The Legislature VIII nc comPehen W INN"
this matter hand before sessions have passed over
The amendments the Constitution above alluded to- Is
the first step towards reduction of rates on all the canals
| of the State.
| -, -. -. 49,. -. ,s.s.sd ., IN. late session of
/ A"neAeu "o s'e o" ~ ,,-. 1870 .. &.
| the Ohio Legislature regarding inso"on' a'oo'
of the merchants in this city engaged In the
| -. -. - ,-;,i ~ovsrn them in their NOV men
weS'e" ""'e' ~" VS. - a.. ,.-,,,.,.
| with those likely to come WIN" "' !"'''u''"on'