The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1845-04-30

80 far value Of these stocks is srncd thee
has since February been actual improvement merely
by the accumulation Of interest Tho slight dsclin. in
quotations for SONS OF the best in the list has doubt
been produced by the war lever raging at this moment
extensively. Meetings have hcen called in Paiiads.
paa to taae into consideration the statements ofths B
fish Ministry in rsati0n to Oregon doubt
bat that as the feeling spreads through the country
similar meetings will be held in all sections We can.
not but look upon these being premature,
ald attended with much evil they to destroy
confidence aud seriously njure the business operations
Of all classes.
vs. have the authority Of the Treasurer Of the State OF
Pennsylvania for stang that the interest due on the safe
debt in August can only be partially paid, when DUE
csh and that bills will be issued for the unpaid pa
deemable out Of the 6rs moneys which como toto the
treasury This settles the point once and the credt
tors OF the State may well make up their minds
only fractional per Of the amount taen due will be
paid in cash. and the balance sometime betwe the rst Of
August and the hs Of February The condition cf the
treasury at this moment Is such that 10 npossibls to
tell how large portion ef the tive and half per cent
then due will be paid in cash. but should the receipts be
no larger for the last three months Of the term than they
havcbeen for the hst three there will not be balance in
the treasury the l Of August than large ongh
to pay m eighth part ofhs amount due The OF
the State will Be limited until about the close Of the next
term and the Executive was ware of this fact hen he
suggested to the Legislature, last January Ia special
message that the soundest policy for the pursue
under the Circumstances Of the case the part pay.
msnt o. the interest then due in cash The arguments
advanced In favor ofsuch arrargem
and the treasury drained Of every dollar to pay the
terest on the funded debt only leaving the interest
debt OF more than four millions of dollars unpaid The
amount funds in the treasury the February
which was only sufficient pay the part Of
hOou ulats,v l~v- I'll
treasury required replenisliing meet corresponding
dmod,a least In the space Of six months, without any
additional resources than the gradual increase In
come from the public works The in the
onshe lst February last would have pad with the mail
balance there will ba the l Of August in cash about
and quarter per Of and half due in Feb.
rusry and August Parties pretty equally divided out
ofhe State to the homes and of policy and
might be very questionable there not In the per.
spective additional sources OF from which the
government = thu State icipatsd deriving vary large
sun snnusy The passed several Law pro.
viing additional but the laws could not be an
forced until alter the August interest become due Know.
ing this fact would not have bSsn better to have ga ial
IL the two payments falling due before the ben Of
these could be have drained the trsa
sury ray OF dividend and leave the other almost
entirely unprov3ed The very doubt that exists In the
minds Of the stockholders show n CT
imp 'verhfng ha treasury. and this payment Of the
interest in August will destroy what little conf Hence
stu turks in the minds Ct the sanguine. will to
impossible T. make the creditors Of Psnaay believe
at future pay ments ill not be msde In the way
t,ose for the pact three four have rsmmp.
ton last Fehruary ard suspension in Ausun will in
the mirds Of many. .rls the point and those who have
for held TO this stock and scrip amidst oil the VI
csstudes Of the money market must discouraged
and b. cortent longer TO hold Notwithstanding the
change he nonpsy ment of 'hs August interest the
ds OF reonsy lvas must mike In the market value Of
the sock confident thst many months from that
tns will not espse before the dit Of the State will
q ain be in the sscendaney and the sought
vestments Tbs enforcement Of the revenue laws,
must increase tAe nf the state bat perhaps not
sufficiently rpid 10 meet the demands mp the treasury
promptly 'crs least; bat the receipts nvst ni
maely sxcerd the expenditures when the interest the
debt the current expenses OF the sae aud all ncid nal
charges against the Commonwealth viii he panetuslly
paid The pay nth Interest 'ng carried for
ward, md being drawn fsc he recrts afisr that dsH
drsw from the Which should he applied TO ne
pay men, Of the Int rect failing dus mex February. Ths
reduces the resources Of State TO meet the smount
then due and posponemen. must be submitted to-
In this way a partial payment only ~ made semsan.
nually but the amount extended becomes gradually re-