The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1845-05-19

Inc closing prices yesterday compared with thos Q
current at the close of the previous week. show id
in Long Island of per cent; Canton per cent;
Farmers Loan; Norwich and Worcester i; Ohio SIS,
II; Indiana !; Kentucky es, Il Pennsylvania. SIS Il sto
nington ]; Eric Railroad %; Reading, l; Morris Canal
Z; East Boston fell off /; vicksburg, 1.
The Merchants Marine Insurance Company of Bos-
ton have declared a semiannual dividend Of four per
cent, payable demand.
The Mutual Insurance Company of this city, have
declared a semi-annual dividend Of four per cent.
The money market Of Buffalo is represented to be cx-
ceedngly tight-the banks refusing cash long paper
combining their business principally negotiating paper
having fifteen days to
1t is announced that every county in the State Of Mary
land now has either collector receiver State taxes.
The Governor has recently appointed collector for Cal
vert county who has given bonds and entered upon his
duties. Considerable excitement existed at first but
collections amounting to between four and five thousand
dollars were made the first day. Meetings have
been called by the inhabitants in different districts the
county to advise the policy and expedency of
sistng further collections This Calvert county the
most radical county in the State and such has been the
excitement heretofore that it with the greatest diff
culty that officer could be found with sufficient firm
and determination to do his duty The reputation
single county in State and refusal TO promptly pay the
taxes legally levied has very injurious influence upon
the surrounding counties and by its example does
produce and increase disaection in the mind of the
people than the most unjust legislative act when falls
equally upon ALL Much depends upon the energy and
perseverance of the collector Of Calvert county as
complete destruction ofthe repudating spirit there
ing would prevent any exhibition of the in other
counties 1t is about time that these anrent pay ing anti
tax parties put down. In sections Of the
try they rapidly increasing in strength and unless
destroyed in their infancy and weakness they must
~
whole structure of and society must become
undermined and fall to the ground spreading anarchy and
desolaon over this now happy and prosperous land.
In the ncipeht stages Of these principles do see
the terrible destruction that awaits form of govern
ment when they become extended and matured The re-
pudaon Of immense State debts although degencrating
destructive Of all moral principle not one iota o,
the desoatng tendency of tho first Of this dclin
quency on the part Of State government. The mere
of a sovereign State Of this Union with its unlimited
resources, suspcnding payment debt honestly con-
taccd repudating debt equally just shows that there
must be something radically wrong within its limits some
defect in the form Of application othe
dangerous precedent must have been established tina
may, il got for mc at any time again arise
causing the results and enangcring the very cx
iscncc of the government. The moral scnsibies of
the people of Of the States have been bluncd;
the stain Of reputation has terrors now and until
public mind becomes healthy again upon this point there
will be safety in trust to be put
solemn promises faith in obligations made under the
great seal which until lately have been held sacred
and no confidence in a pcmancncy Of credit, when
State becomes the debtor
The uniformity in the movements Of the Virginia
banks during the past year equacd by the banks OF
any other State in the Union The annexed statement
of the Exchange Bank of Virginia and branches for
the alst Of March, 1874 and 1885, shows variation in the
aggregate amount of only about five thousand dollars
EXCHANGE BANK or vnaisIa AND BRascnxs