The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1845-01-16

These amounts taken from official returns and can.
not therefore, be much out Of the way The consump-
ton in this country In 1914 not far from gu rter
ofhe total crop, but the production increases much
more rapidly than the consumption that We hardly think
the same proportion will again be realised tor long tine
An increase in business is not always followed with
corresponding profits is generally the case
and think manufacturers have found this maxim
true far their operations last year concerned
The tariff Of lsa2 has brought into existence Of
manufacturers, and the competition existing in every
branch must reduce the profits of EACH and prove bene
fetal 10 the This competition must eventu
ally rednce prices that in short time, shall not
require tariff for protection, foreign manufacturers not
being able to compete with Jus in our own markets in
prices The immense profits heretofore realised by cot
manufacturers will be realised again the
nopoly enjoyed through the past never will be enjoyed
again in this country and the manufacturing business
must in short time be no more productive than hun.
dreds Of other employments.
The message Of the Governor Of Michigan to the Lee
gature Of that State gives Ia detailed statement Of the
finances Of the Commonwealth The estimated value Of
taxable property Of the State in 1884, $2s 1884,
and the State tax of two mills this amounts to $ Os
This sum would If collected be sufi lent to pay the
expenses Of the government and the interest upon the
general fund and penitentary bopds but great por
Of the assessed upon the propeaty of
preacnt
certain payment Of the delinquencies OF past years
annex statement showing the acknowledged indebted
ness Of the State
PUBLIC DsBT OF MICHIGAN.
-.sess Funded Debt,
Due on bonds issued for five million loan, and
for $20O, 900 borrow ed for Ypsilant andTe-
cumseh and Alegan and Marshall railroad
companies including interest to Julyl
Palmyra and jacksonburg Rsi ''''''''''' y
Unpaid p interest on do to Novem. ''''''' y
Der, lS44. ......... 4,9UO 10
$4,000 90
Detroit and Pontiac Railroad
Unpaid interest do. to july
lS44. 1880 90
lI7,2s0 90
University bonds assumed blythe State. 39,2l2 4s
ssl7I,asa 4s
General fund bonds. go. 100 0n0 90
Interest on do. not called for !. -. 8 $50 90
Delinquent tax bonds. .......... Is 900 90
--- lss,s50 90
Total funded debt, including interest. sss 24a as
Amount OF unfunded debt and interest. 72l 934 90
s4o77,l77 So
Total Resources Of the State.
Central railroad, cost to Dec l.,
so is4a a. 10 az, aas s sos 90 90
Ten per cent added for interest, paid during y
construction, snd for ether incidental ex-
Palrnvr and Jacksonburg rsilroad, cost, in.
ciuiing interest, -. ........ $4,000 90
LOCOMOTIVES and cars on Central
railroad. Sli0 900 90
Locomotives and cars on South.
ern railroad. ........... $1,000 90
Materials other works, 800 90
isl, 1900 90
Total value Of railroads and fixtures cost s6s 90
Due from Detroit and Pontiac RAILROAD Co. $50 900 90
Value Of unsold internal improvement lands
at minimum price, ................. ae7, 500 90
Salt Spring lands ~ sections - per o. 100 90
Taxes uncollected, and cssh hand. 49,. $4,000 90
Assets Of Michigan State Bank and other as
SETS estimated 80 ST. 90
$Al50 900 90
Excess OF resources over liabilities,.. $72s22 81
Thodebt due for iron and the University bonds amount
ing to $l4o7s7 In addition to the resources named
above the State the Clinton and Kalamazoo Canal
worth $s76 oOOs nearly finished distance of 10 miles
which Is omitted is not likely to afford any returns
very soon for the Investment
Old Stock Exchange.
$1,000 Kentucky SIS SO 100 shas Mohawk RR 58L