The New York herald., 1844-12-13
MON EY MARKET

This being day set apart by the Executive oil the
State as day Of Thanksgiving &c. all parties
were engaged in rendering thanks according to the
manner they deemed the mos, proper. Wall
street and all the business portion OF the city ia nearly
deserted and the attention OF those who most do congre
gate 10 those sections directed and re
creation ia relief for those engaged in the excite
ment Of stock speculatons to havea hoyday bus par
tcuarly at this time when every thing il much de-
pressed We Cannot expect the slightest Improvement
in the market until foreign affairs assume more s
tisacory appearance. An open rupture with Mexc or
any other power. hardly be expected at present il
at ALL but the effect Of the existing Of things on CON-
mercial affairs, Is about bad though actual hos
ties were going 1t sthe destruction Of confidence and
impression on the public mind hst destroys trade We
must look for exciting times until after Congress adoums
rhefear OF cur commercial policy being desspged with
the Texas and Oregon questions must keep all in hot
water, until the representative part Of the govern
ment separates and public affairs allowed to subside
again into quiet Fortunately this is the short session.
and little than months closes the dslbera-
ons Of both bodies after which have ten months Of
cain and peace So far the movements have been on the
part Of the Executive and his Csbnet-Copgrsss has
been IN session about week. and nothing has yet been
DONE The Senate has before important things
TO act upon, among which the Zol versin and the
Chinese Treaties. The President obtained, through
our Minister at Berlin an extension of the time
hrst agreed upon, for the ratification Of the for
ner treaty. and we trust il will be examined more
carefully and be received favorably than il was last
session. Our commercial relations generally should
ceive the attention Of Congress- Within the past year
the Secretary Of the Treasury has been called upon by
several Of the representatives Of the nations Of
Europe to regulate the duties on their produc-
tons, &C., in accordance with existing trea.
ties. The governments of Netherlands Psrtupa al and
Austria have complained that the duties levied on mcr
chandse coming into our ports from their own have
been similar to the duties similar articles from other
nations, and in many instances the collected has
been refunded and in every instance complained Of the
decision Of the Secretary Of the Treasury been favor
able to the governments claiming. Our tariff laws have
heretofore been formed and enforced without the slightest
regard 10 existing treaties, either through ignorance or
through the influence Of party feeling. It is sufficient
that evsexst which, in justice to interests and
commercial MARINE should be remedied az early
az possible Our treaty with the Netherlands compe us
to admit coffee into ports in the vessels OF nation
free OF duty, whereas the article coming from the
same ports in American bottoms would be compelled to
pay duty Of twenty per cent In the operation OF this
law we see that own vessels, in entering our own
ports do not stand favorable footing foreign YES
sells.
Amidst the excitement growing Of the threatened
difficulties with Mexico, and the consequent depression
% look round 10 discover investments for their capital in
securities beyond Of depression by any external troubles
that may arise. OF all securities In such an emergency
we know better than faroai stocks These invest.
ments are likely to be aaur and productive in this
country than in any other, notwithstanding which /,
seems almost impossbls complete any great line con-
tempated or to carry into sctve operation those nearly
finished The capitalists 0. this city, particularly are
very little disposed TO lend their support to any great
work Of public improvement. They are unwilling TO
advance hardly dollar unless it is TO produce i'm.
mediate returns. Unlike the Eastern capitalists they do
not wish to lock up their capitals in works that pay no
dividends for years Everything here got up stock
jobbng purposes and largest capitalists and most dis.
tinguished men are willing enough to lend their names
to initiate any bubble but not for any public good We
have, during the past ten yeas found in the list oil al.
rectors of many of the bubbles Of the day. names
calculated 10 create great deal Of conf m the con
cern. and induce many to invest who otherwise would
have saved their property, but the explosion Of the
bubbet s discovered that III merely loaned their
names to the company, and know nothing sbou, IT'S Of
fairs In ony way This Is the way these things are con
Quoted here, which can, In MEASURE be attributed 20
tho spirit Of stock speculation that always RACES so ex
'ensivey. We trust this policy will not be pursued in
the direction Of the Erie Railrosd Company The i'm
portance Of that road and the effect its peton would
have on the business Of the city, induces us TO hope
will not be made stock obbing concern Of In the al
rection Of the Erie Railroad Company there Is not single
individual who Ia not pecuniary able to take on himself
fair portion oi the burthsn Of carrying through this