The New York herald., 1845-12-09
slnO6a saa o o1sali aaI1


Transfers have been made amounting S6i5 oo0 Of
which 5000 900 transferred from the banks of this
City to thsBank of Mobile and the Bank of Louisiana
New Orleans The deposits in the Clinton Bank OF Co.
lumbus, Ohio within the month OF November increased
from SlS,o~ to Sll4 ,757-a movement involved in a
great deal of mystery. The expenditures Of The
general government exceed the receipts, and the
probability of there being any surplus of any amount
. year or two hence, is very limited. that
its disposal becomes matter of merely momenary i'm.
portsncs The agitation of the tariff during the early
part the present session of Congress- and the possib
y of its being modified and reduced is great that i'm
portaons under the present tariff will naturally be very
small and the from customs onsequently di
miashod The present session of Congress will with
out doubt continue until June or July. The tar.f will
be u der consideration in the lower House, and in the
Committee of Ways and Means until nearly the close
the session, when bill will be presented from the COM
mittee, and its fate decided very after. The most
Important measures before the country-those upon
which depend many interests usually left to the
lest lew weeks session. and then taken up hurried
through and sen, into the world half made up and so
full Of defects that modification repeal demanded
almost Immediately after they are enforced The ma
oy OF the party both houses Of Congress opposed to
the high protective features of the pres tariff act is
lorge enough TO make any alterations it may wish and
the probability that some important changes will be
made is great that those engaged in foreign trade
will import foreign manusc lures paying high
duty under the present act than sufficient supply
the present demand This will materially reduce our
Imports while the external smand for breadstus
ana our cotton will be such 10 increase our OK.
ports particularly to GrsatnBritain, large per
icsn FROM these things, We conclude that ex.
change on London will, for thu nsxt wear rule
very low, and that the Of specie will be to-
wards rather than from So far a, tbess s,amants
of trade and commerce can regulate our affairs thev
must continue highly prosperous. There ara other
things that will, judicously managed add to- rather
than decrease, the prosperity that exists in eva
ry branch Of business We auds to the re establ,.b
mont Of tho suhTrsssury by the general government
There never was more favorable time for tho estab
hment OF so important and necessary an act for the
regulation OF the government nances than the present
Tho state banks have not yet produced an over expan
ION, nut they will very reach that point unless
checked by some restrictive measure oil the
The Sub Treasury will act that check and IL becomes
therefore,, more important that should bo adopted ma
soo1 os possible. The importation Of specie that il like
ly TO follow reduced importation and an increased ex
pora'iOn o. merchandise will i've the eve
~ facility for tho establishment Of tho specie system in
regulating its receipts aud expenditures
The establishment Of similar systems for tbs resula
Ton OF the anancss OF the States would extend tho BEN