The New York herald., 1845-01-03

ments OF the Legislature of Pennsy the subject
OF paying the interest still continues and the day
when the dividend becomes due approaches hs excite
ment must increase. Bets made in Wall street ON
the result as freely at any time during the
recent political contest It will require special
act OF the Legislature to permit the payment
Of the interest in cash. It Is stated that the
present condition Of the Treasury Of Psnnsyvsna has
been produced by forced that other resources
have been reored to than the natural ofrevenue
OF the commonwealth this i the case the State not
In condition to pay the interest In cash. We have little
faith in these being put FORTH no doubt
by interested parties, whe have object to attain.
Granting that the present of funds in the hands
OF the Trustees has been wholly derived from the egit
mate resources Of the State and that is sufficient to
meet in full the interest due in February does not fol-
low that 1t would be good policy to pay the interest
then. II would be the most suicidal policy In the
world TO do 50, and in this opinion we have the
currence Of the shrewdest operators in Wall street.
The market value Of the stock Of the state would be
less, aer February should the interest be paid than
otherwise 1t argued by many, that II the Treasurer
has funds he boundto pay the interests but must be
understood that 1t il not the first payment Of the interest
that will advsnce the credit of the State II s only the
continuance ofthat which will place the State
alongside those solvent that be Of any advan
tage. The resumption Of payment by State having
such an immense debt as Pennsylvania, is movement
requiring the most profound forethought and as much
as every one wishes to see the when such re-
suit will be accomplished, great deal of discretion is
necessary to be exercised by those entrusted with the
actto do 10 at time after which there will be no relapse
We shall have the message of the Governor Of that
State in few days, when shall be able to come to
definite conclusion the subject Until then i.
all conjecture.
The operations in this market to day show an improve
ment that looks more favorable and have NO doubt
bu THAT business ofa kinds will take start and ra
pdly improve. The holydays over and we ay ex.
pect movements in everyecon tending to increase trade
1t is possible Congressmay wake up and do some
hing but s doubtful whether any they may perfect
would not produce evil than good banks con-
tinue to move very cautiously and they will probably
pursue the present until after the s Of February
when they may be called upon to expand to meet the
wants Of all classes The spring imporaons must soon
make their appearance The value Of the imports Of 70
reign merchandise last January nearly az much as
for any month during the year. is be hoped that the
receipts this will fall far short Of those for the cor
responding month last year. At present the indications
are favorable fer reduced Importation and trust they
will be realized. eA Il
Several brokers inWal st. to-day refused to redeem the
issues OF the Plainfed Bank, New Jersey We should
think from this that lsose The circua
tion OF this bank is very arge-exceedng hundred
thousand dollarsand il explosion should take place
now, the bill holders, would be severe sufferers
The Agricultural Bank Of Natchez. Mississippi has
been served with writ of quo oaranso returnable to
the May term Of Adams Court
The receipts of the Western Railroad Company for the
week ending Dec asth, 1884, compared with the cores
pondng week in is4s, show increase of more than Hy
per cent.
WESTERN RAIL RoAp.
Receipts for she toeek ending Dec 2S.
L,~~.
Freght .......... 4,S42 1908 296l
$7.lss sliesa s4,sas
meeting Of the stockholders OF this compsny viii be
held at Boston In few days. when, suppose the pay
ment Of dividend will be settled upon and the amount
stated.
The Merchants Bank Of Baltmere has declared half
yearly dividend Of three per cent payable on the 9th in
stant This Bank has paid the State Tax its stock for
the year 1874
The Chesapeake Bank Of Baltimore has declared half
yearly dividend of three per cent payable on the 7h in
stant
The Western Bank Of Baltimore has declared divi
dend Of per for the months payable on
the 7th instant
The Union Bank Of Maryland has declared half
yearly dividend Of three per cent.
TbeFarmers and Planters Bank of Maryland has de-
clared dividend of three per the last six months
The Washington and Baltimore Turnpike Road Co.
has declared dividend Of half of per cent for
the last six months.
The interest the currency debt Of Mary land due
the it of July Isa2 undrawn upon the books as also
all coupons and interest certificates issued from this
Office for interest due said January lst ls42 which
at this time unpaid will be paid demsnd the
State Loan Office Chesapeake Bank, Baltimore.
The State debt Of Alabama amounts to $esiS bear
ing nnualinterest Of $Sol sos This includes $780,
0Oo annual interest of $500 for ftate stock in
the Bank Of Mobile The interest payable as follows
ALABAMA SrArE ANNUAL INTEREST. s
Interest payable insLend0n. :. $ll4 TOT
Interest payable in New York. ..... 337, 400
Interest payablelin New Orleans. IsOOO0 sol so7