New-York daily tribune., 1844-01-11
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itio me Ci=iol-ttouse at t.3at place from I'D 10
l5l5--a period o eight years-2early tJr0 millions
| q G0l'ars n duties
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Coin.a2ezcioi .,s.1 'Zoney Matters.
r. Fo. se!es attic stacl f.1aaaags see E9z.t PAGE,
There vas a GOOD business doae 1t the Soari to-
da.', with some material fluctuations. ONO went
Gown 10 s., but recovered 10 SO II the second
hoard. LGag Island IL consequence OF the alarm
ol large iodr who sold oat. tell 10 g. but closed
at % = - HatersGnedYaaced ; per cent. At the
second Board eVary thing was ifm. North .3meri-
| can frGs; advanced 70 IL. Some n.Gors which
are a0at and aeneraiy believed lttlh;s stock VIII
cTcnt1ali prove wog,llat least - 20 has carried
yjil.i u, and i c iol 'g an inward tandec'-.
Those W5o unfortunately held Trust at the Mgt.
rates OF iorEer ycars should examine this matter be-
ioie se;iin. III q oB' price.
Eychanges arc fat at g. a for Sterling; Francs
. - ; l5.. There IS very little doing.
Alabama fgnds are 50 . i discount. Specie tlnds
on Mobile and New-0f!eans a premium.
}loroy is easier than ii was few days since.
The Banks attempted TO raise the rate of interest,
and called in some loans, but private capitalists
came INTO the market and took the same loans at
previous prices. First paper can be used at ) 1
per cent. and loans on good stocks at percent.
The sale ofthc half building No. II Wall-srceta ut
auction to-day for account OF the American insur-
ance Co. shows a considerable improvement in real
estate since last year. At that time it was offered
at auction for $4,000 but $4,000 was the best bid.
To-day it sold for SG4, 600. This is truly en-
coura9ng for the holders of Real Estate, which has
not partaken proportionaly in the Improvement IN
other species OF property
An attempt is being made in the Herald to Get up
panic in Ohio stock by giving extracts from the
speech of MIR. BARLEY of the Senate. This speech
is the result Of mere family Quarrel between Mr..
T>o,tlC md f;r he An,
wants TO be candidate for the United States Sen
ate ard can't and moreover he feels much eXaspc
rated at the Auditor because in his Circular OF June
l343 he introduced motion made by Mr.. Barley
on the subject of the Canal tax. The whole speech
is explosion opersona pique against Mr. Brough,
and great portion Off is devoted TO explanation
of the motion alluded to. And this state of excited
personal feeling explains perfectly well, TO those
who understand the matter, the ofthis attack
and is the distorted medium through which Mr..
BARLEY looked at the State finances. A great point
is made by the Herald OF the increase Of The public
debt We have not time to 90 into the detail Of this
subject, but all who ere familiar with the finances
of Ohio and with the documents which have
during the past few years emanated from her
State officers understand the matter perfectly
well, and see no discrepancies in the various
statements. Another great point made is the disa-
greement between the the two following statements.
The first is from the Auditors report.
Ii apparent; that the public revenues not andw not
be sufficient for the payment Of the interest without the levy
OF an additional tay-ha OF the last year 2 msf the
tolls and revenue Of the present year ac be taken M
criterion 1t Will require at least two mills more 10 make up
One and three quarter mills added and did
make up the deficiency.
The next is from the Commissioners of the Canal
Fund
If tn. State were wholly without the incoma derived
from her Investments, OF mill and three fou
the dollar of The actual value Of her real and persona! proper
aad tax Of 1wo and three oprhs per cent on the dollar
And iii considered that here is great contradic
ton but 10 those who understand the method ottaxa-
ton in OHIO there is contradiction at all. The Au-
litor speaks of the assessed value, and the Comniis
sioncrs of the actH0i value of property. The for
mcr is infinitely below the latter, and we agree with
the Commissioners that the tax they propose would
more than pay the entire interest.
This very point was strongly urged upon the at
ention OF the Legislature, III the last Report of the
Auditor.
Ailer all, facts are better than arguments. Ohio
always has paid her interest and always will; there
is not the slightest taint OF reputation in herpeople
it matters little to her stockholders what her debt
is il she promptly meets their yearly dividends; and
ishc sells her stock, she has sometimes done IN
former years, below par, to pay her debts, II is
vastly better than doing nothing Tor her creditors
las been the case with some OF her nelghborS. The
following extracts from this same speech do not sd
yor much OF reputation, 10 our thinking:
2, ma IN the LesIi &ufe of this The honor a!d
feih 81 .it.s STATE WilEereE te t@ lsled wr ~ me kte
iseai people, suchas believe the people OF tins STATE
ys far was ii ro- my disposition 70 make psogo-
.ion 10 III; ~ the faith Of the State he idea Of epudstIgg
te state Ur}iis never ft wall any coGutenasc from me-
IL IS wl.osiy Inconsistent 5il the 5o tltutoas
= as.5, 70 t, s;arciss oi lie el2e vet. so iir as III!
iEolt M contracted, BE pad, aga amount o.
l.elt 70 BE- S.t=i y The ba &saiSt The 1o9r i
ifa riry ui Eaea ht!lau-h strongly attached 10
, .r= - t,s u .
nd e7ysy NE tiiaa r st % ie y5ric; -
w. l,e H. b. surl.. acr OF the Government s-
,a,e !h ,,5 n d -ut. lG or t5l=i character with
ist..sy aioe ace, should aaeuann AID see. hoiL IL
,eae oEsiE ,d aat ;! future bush - ,,.n The SCI! u ny
wit. Is sa.i, ecI OF - ioHal dishaao. IN 7id
c ;,5seaosr veu d de SOL dt sSe Of sei,-5r'tatle
alel !4s5.s S'acs--adiae Gi.'-e S''r oi nr d 'e
he.rssoe auaas tte most i.s- 10 h- constellation oi
,arN uog ~ls., tou!1 be blurred and yc tsFsd n:wol
er 10 81 ants slJiAs rust that ile iiTne Is ot ~
,aDr ci.c;iVe measures will be adoged, which Will
e aai t-ns policy Gschsr the St'ts Liabilities,
and xtis't h 9r ever int odo9s 'at'on q SeeQr snd
At Augusta, ON the 9th inst, checks or the North
ern cities were abundant al par.
Il Mobile on the 31th OF December the supply
and demand Tor Northern bills were both light. The
Bank OF ilo0e was checking on Newly ork at il
per cent discount. Alabama paper was in steady
demand at l. q , per cent discount. The receipts
oi specie for the week were S65,9OO, making total
since Oct. of $l,O14,G03.
AT New Orleans, Dee. 80 bills on Baltimore, Phi
laiepha, NewI ork and Boston, at sixty days, were
at q ,! discoant. Sight bills were abundant at
to / disc.
The Salem Gazette says that the amount Of du-
ties received at that port in 1912 was Sl20,84S-ln
1913, $i3535, SOL.
The Boston and Providence Railroad Co. has de,
ctared a dividend of ) per cent. The New-tngiand
Mutual Insurance Co. of Boston, dlvldendot scrip
Of % per cent for the last year-also, per cent IN
terest the scrip OF 1872.
The Bank Of Charleston semi-annual dividend OF
3 per cent; Bank OF Camden, 5. c. s. per share
Commercial Bank of Columbia, S. c. 81 per share
/ Mechanics Bank OF s. c. - cents per share: Bank