The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1844-03-12
MONEY M ARK e y.


The stock market was very heavy There has not been
duller day in Wall street for long time than this.
stocks were very angud and quotations generally show
falling Of. New Jersey Railroad declined per cent;
Harlem Ohio Il Indiana 4; Pennsylvania SIS d Vcks
burg /; North American Trust Kentucky advanced };
illinois Norwich and Worcester 4; Canton !; Mohawk
and Farmers Trust closed firm at Saturdays prices
There was an insurance of $4,000 the brig fIoko
mok, of Providence, Rhode Island, burnt at The
Washington office of that city had policy for $4,000 and
The American for $l4, 900.
The exports from New Haven to the West
Indies in 1912 amounted to- S4Oe,S6
In ls43 .................. 5i4,66p
Excess for 1913. .......... slo5.7es
Receipts on the Norwich and Worcester Railroad for
February 1874
For passengers freight mails, &C.. ...... sli72o2s
Same month last year. ............ 5,526,4l
Excess for February, 1914. s62O2,s7
The new tariff bill presented in columns Of to-day,
created expression of the public feeling Its pro-
visions with favor from all classes. The simplicity OF
conditions the liberaly Of all the various features
with general APPRECIATION It comes from the hands
of the committee nearly perfect The trouble and vexa-
ton caused by the provisions Of the tariff in rea
ton 10 value will not exist under the proposed act
The duties mostly ad vaorum, and distinctly
laid down. admitting Of no other construction thah
that intended 1t decidedly reduces the duties on most
articles of foreign manufacture that would come in com
petition with own but that cannot DE cohsuere"
uniavorable feature, as 1t ensures grea'er per
manency The nearer the great political parties
can approach each other this subject the more pros
pect have for stability The existing tarih possesses
many defects 1t made up hastily and sent into the
world with many impeIiecions 1t has been tested
and found wanting in many particulars The trial given
II has pointed out where the errors are, and they have
been avoided IN the proposed bill The average Of he'
present tariff is $3.50 per The average Of the pro
nosed tariff il 30 Der cent The tariff reduces the
duty from to 30 nearly six per cent in six
months and in eighteen months the whole reduction will
eleven per cent The 18th section says that all adj
vslorem duties which shall exceed IS per cent SHALL
and after the LIST of September ls45 be reduced to that
rate This is a very rapid reduction but 1t win have
injurious effect any interest in the country, so long as
our domestic policy remains unchanged
The auditor of Indiana represents that the paid
in for the year ending Oct. 81, ls43 as S2l376 The
amount of the school fund, derived from bank d.
vidends was s5s24s. The number Of Of land az
sessed in the State last yearwas l4e4b9o The value OF
all property taxed was slO3 s53 The number opols
taxed was i2,9l9 The internal Improvements OF the
State consist of railroad three turnpike roaas and
five canals The total amount of the State debt sl3s99
OOO of which sum 81 sat accrued from bank Stock
and the balance from internal improvements
The revenue bill introduced into the Mississippi House
Of Representatives was lost being reconsidered
became the order the day and will probably become
law This law lays heavy tax personal property which
vi fall on the class of citizens best able to bear II tho
Legislature of Mississippi intend paying the bonds oil the
p,anters Bank their only resource to do so TAXATION
The committee appointed to investigate the affairs oil thas
institution have made report the substance OF which
we published few days since. They found the bank