The New York herald., 1845-07-31

There been very little done in good State Stocks
for time past and quotations merely nomi.
nal not being based upon actual transactions. Pennsyl
vana have improved within the past few days, and
selling higher than they have been for the last
eighteen months. The quotations now given are with
dividends oand equal to III per The whole of
the semannua interest the funded debt due on the
ls proxmo will be paid in cash. This payment settles
the position OF Pennsylvania and places
among the solvent States Although the payment Of a
large amount of taxes has been anticipated no fears
need be entertained that the February dividend will not
be promptly paid at maturity The Treasurer of pennsy
equal to any financial emergency and the credit
ofthe State depend upon receiving their dividends
puncually if the finances of the State can
in any way, be made available, long the present
Treasurer remains in Office. Had il been for his ex.
erons, seconded SO well by the several Country Trea
surers, but small portion of the two and half per
cent due the first of August would have been paid in
cash.
The arrangements have all been completed for the
resumption Of the work the Illinois and Michigan
Canai. The estimates were to have been finished by
the ioth, alter which the old contractors were to
nave peeh set to work as fast as they could get
ready The Government Commissioners have been
along the line Of the work and made perso nal recogni
zance OF the country. They were not authorized to
make any survey or estimates for ship canal or for the
Totten, the Commissioners will without doubt upon the
request OF the Governor recommend appropriation by
Congress- for survey of the river ascertain the cha
racter OF the bars that obsruc its navigation and col
lect Information necessary to determine the best means
OF removing them, and securing the greatest depth of
water which the river furnish 1t is estimated that
the expense OF the survey will be about fifteen hundred
dollars probable that the money will be advanced
and survey ana estimate made in time to be laid before
the next Congress- 1t is highly necessary that any
movement Congress may make in relation this matter
should be made before the work the canal
too far as of great Importance that the work should
be made large enough at the to answer
all the purposes of trade and of the government
The bonds required by the late law of MARYLAND from
the Chesapeake and Ohio Canal Company guaranteeing
the transportation of 10000 tonnage per
Tor five years, have been furnished for the full amount
They will be submitted to the Governor and Agents of
the State for approval of which doubt entertained
At late meeting OF the Company it stated that the
prospect OF letting the unfinished portion Of the Canal
bctw cen dam No 8 and Cumberland TO able and ener.
gec contractors for the bonds Of the Company was en-
couraging.
is gratifying fact that nearly all the great works
OF internal Improvement in the country steadily pro-
crossing to completion, and must, before many years
elapse, be in active operation The condition of all
classes is prosperous that may expect the most f
vorable results from everyenerprse state of for
wardness While individual prosperity so very great in
all parts Of the country regret that the financial con-
dtion Of some of our delinquent States does improve
in the least During the of the various Legsla
tures little is usually heard of the receipts and ex
penditures of the State Treasures the operations of
laws providing revenue. The reports reserved for
the meeting Of the Legislatures We therefore gno-
rant of any change that in the meantime take place
in the If Iali
the absence OF any information cannot at least report
any imnroveu