The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1844-11-30

the time approaches for the meeting Of the different
legislatures Of the several States reports OF the probable
action Of those not paying the interest their debt
very current. Among the rumors sfoat, there Ia
in relation to the State of Pennsy that calls for
some comment For the purpose Of speculation, it is
stated certain quarters that the whole interest due in
February the State debt, will be paid. lis further
stated that there is in the treasury amount sufficient
to meet the payment then required There is not the
least foundation for these reports and they are put
in circulation by a clique Of operators, who have
other object than to raise the value of the
stock in This market until they get rid Of all
they may have. This has no effect on the
ments Of those who understand the object but
with those who hold the stock and depend upon the in
come from to their expenses, the disap
pon.ment they doomed to suffer, makes the matter
serious than appears possible to these spectators
We assured by the most undoubted authority, that
the February interest the public debt Of Pennsyva
MIA will not be paid in full and may not be paid in part
There funds in the treasury sufficient TO pay apor
ton Of the semi annual interest due them but the Go
vernment of the Commonwealth will not probably deem
good policy 10 pay any part Of the interest," unless they
can ply the whole Another may be given for
the nonpayment of the interest," and that the fear that
the of the State may not be sufficient to meet
the future dividends regulsrly and promptly. Should
the State make commencement, and afterwards ia 1t
will be relapse into hopeless bankruptcy from which
there is recovery. We have not received the slight
evidence that the State Of PenDsy lvana is any
able to meet the interest her deb. now than hereto
fore. The public works have not yet been sold the in
ternal improvements have not been snR ,eny produc-
tive the permanent solvency of the State and
the collection Of has not progressed very isvo
bly, we cannot therefore perceive the least Improvement
in the fnencal STAIRS of the State any prospect of
the interest being paid. As to the other delinquent
States of the Union, nothing has tIanspired changing
former opinions on the probable movements of the le-
gslatures this winter The parties recently engaged in
the negotiations with the lsndhoders Of Illinois in rea-
ton to the canal loan at variance and battling
each other in the columns Of the city papers. The
Boston Committee and Governor Davis have issued q
pamphlet, giving the full history Of their movements in
the business, in answer to statement made by one Of
the State commissioners. 1t appears that Mr. Ry an
of the commissioner attributes the failure Of the nego
citation the course pursued by Gov Davis and the
ton Committee, Who in reply, attach all the blame tho
commissioners The quarres Of the paries engaged are
Of little interest to the public. The loan required by the
State far from being obtained ever and unless the
bondholders come to the point. with the agent now
abroad the whole affair must be abandoned, and the
canal 20 TO wreck and ruin.
In the letter Of Gov Davis In relation to the Illinois
oan he denies that he has engaged to attend the session
OF the legislature Of Indiana to look after the nercss Of
the European bondholders The finances Of Indiana RI
main without the least alteration, and cannot con.
ccve possible for any legislation to redeem the credit
OF the State at present Ohio WILL without doubt pay
the January interest her debt and may for some time
to come, do promptly and punctusly but we should
not be surprised at any time to learn Of embarrassment
in the financial sirs Of that State that would shake is
credit more than any Of the operations Of those In power
have yet. II ID impossible to get Of the actual condition
81 the finances u We STATE u lie ressursss or IN ability