The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1845-01-17


One dollar bills of the Massachusetts Bank altered to
ten dollars in circulation The vignette Of the one
dollar bill represents Indian in sitting POSTURE and
the vgnette Of the ten dollar bills of the bank the
arms Of Massachusetts. The alteration il effected by
taking of the ends of the bill and substituting margins Of
other bills Of the denomination Of ten dollars The word
one under the vgnee is cu nsily altered to ten The
altered bills therefore reads 1.-The Massachusetts, Bank
promises to pay TEN DOLLAR" Tho jennings are done
most ingeniousiy 50 well almost to DEFY detection
Inc message OF Gov Haines to the Legislature Of New
states that the balance in the treasury at the close
Of the fiscal year ls4s soe a. which added to the
receipts made total of the year of
The disbursements for the period a. leav
ing balance in the treasury of $500 the 22d Octo
Der last The balance in the treasury the 18th inst
was $274S The State is indebted to the School Fund
$50 556 which the only debt the State The rev.
enue Of the State for the coming year is estimated at
S76lss and the expenses at $65 1885, leaving surplus Of
$9O, s46.
The message Of Governor Mou.on the Legislature
Louisiana is very BRIEF and to the point He says that
the revenue OF the State has been promptly collected and
paid into the Treasury The existing laws applicable to
the banks appear to work to the satisfaction of ALL The
bonds of the Union Bank Of Louisiana issued in favor of
that institution which matured on the LIST of November
last amounting to 100000 have been redeemed and
subject to the order for cancellng
Foreign exchanges rule very high, and large remit
tances have been made by the packet Of this day in
specie About five hundred thousand dellars in gold
went out in the Yorkshire to Liverpool Sterling bills
of undoubted quality held at 10 O} per cent pre-
MUM. We learn that combination exists ameng the
leading bill drawers to keep up the rates. and long
they have the command 1.-THE markets the premiums will
be high. This combination exists between the three
leading houses in the street, and the fact that such
rangement has been made prompts those compelled to
remit to send forward the precious metals The reputa
ton of cotton bills in this market is SUCH prevent
them from coming into competition with the bills of the
houses alluded to, and thus relieving tho market
consequently there is other sefe way Of
renting funds. In consequence Of the high
rates ruling for exchange, there is continual danger
Of large shipments OF Specie and 80 long as this
danger exists the banks must conduct themselves very
cautiously There be relief to the money market
until the balance foreign trade becomes regulated
Should the mporations this year be large in the face Of
the prospect regarding the cotton CROP nothing pre-
vent commercial revulsion and runous
any preceding In the history of this country. We
have faered ourselves for sometime past that the con-
don Of prices in all the markets for principal staple
productions would act check upon the operations this
year and prevent extension Of our foreign trade be
yond proper limits We with safety assert that every
thing affecting internal prosperity depends upon the
state Of foreign markets for staples Any advance in
the price Of cotton in Liverpool Have will materially
change the complexion of our commercial affairs, and
restore confidence, but should the be realised it
will be impossible to estimate consequences Private ad
vices from Liverpool, by the Garrck, confirm the ad
vance reported by the Rochester This slight advance
of vast importance. and if Of permanent character
adds thousands to the value othe supplies of this staple
yet in this country We annex table showing the ex
tent and value Of our cotton crop for several years past
Ase showing how great increase in value small ad
vanc gives.