The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1845-07-02
AcH STATE AND TERRIT
Union. I8id.

--'-- e'o-
ss,7b,l7s li,aal,ss7 III, 2of ,oa6 1903 ASS ,os5
Most of the foreign merchandise exported is shipped
for the ports Of this State while the value of the do
nestle produce exported from Louisiana about three
and half millions Of dollars larger than from any other
State in the Union This port the principal depot for
foreign imports Merchants doing business in neigh
boring cites-Boston and Philadelphia a large
portion of their foreign goods by the way of New York
but very large per cent of the foreign manufactures
imported into the country, is owned by consigned to-
the merchants of this city, and this market is therefore
the important in the States for these goods and al
tracts customers from all parts of the Union supplies
About threeourths of the duties from customs are re
ceved at this port and the various lines of packets
blished between this port and the principal ports Of
Europe must give this market the control the foreign
trade Of the country very large portion of the value
Of exports is drawn from other States, south and
west Cotton to large amount is shipped from this port
Europe but the bulk of the domestic exports from this
port is in provisions, -four and grain.
The exports from Massachusetts, and other eastern
States principally manufactured goods of all descrp-
tons from Pennsy lvania, Maryland and Virginia. the
exports principally agricultural products large
per cent of which tobacco raised in the named
States About two.thrs Of the value of domestic pro-
duce exported from Mary land is in tobacco The
ports from the southern States almost exclusively the
products of those sections such rice and cotton Ac
exported from the cottongrowng States in 1874 amount
cd to $685. The total value of cotton exported
from the United States in 1914 S54 063 SOL which
shows that the expectation of domestic produce other
than cotton from these States than sufficient
Offset the quantity Of cotton shipped to the northern and
ports of the country The exports from Ohio and
Michigan direct to Canada and composed al
most entirely Of provisions and grain.
The third importing State in the Union is Louisiana and
Il a.. oh and
for consumption in the interior of the western country
The rapid growth of Louisiana and its important position
as an exporting State gives its citizens confidence in the
belief that before the lapse of many years New Orleans
must the largest importing depot in the country
So far geographical position is concerned it has i'm
mense advantages and tine settlement of the western
country must increase its foreign and domestic business
very much, but its climate is sufficient to materially
tard its progress TO commercial prosperity II is posi-
bic the rapid improvements going in its vicinity may
ultimately prevent the annual visitation Of the yellow
fever but until something Of this kind is accomplished
New Orleans cannot become the great depot of foreign
and domestic merchandise, to which the country vii
look for supplies that many anticipate. 1t is impossible
to tell however, what may not happen in a country O.
such unbounded enterprise this The of trade
is frequently suddenly changed and cities having an
tensve have rapidly decayed. The greatest
instance have of this in the United States is in New
khOdc SIanu, SONIC PidCcs Vi Hote
and possible that in the history of this country
important revolutions in commerce than these places
have experienced will be realized.
The Court of Appeals Of Mary land has made sever
important decisions relation the Stamp act passed
by the Legislature of that State last winter. The
forcement Of the law created considerable dssatsfac
ton and several imaginary made out for the
purpose oftesng the law andto settle the points deemed
so oncrous. The mercantile classes found the act svcry
/ nd have no douh
movements will be made to have the law modified
pealed The decision of the Court Of Appeals which
annex, will relieve the community from many OF the re-
sctions the act placed upon Them but difficulties must
be experienced long the act remains upon the
tutes as reads or is subject to many constuc-
tons as have been put upon it. We give the questions
presented for decision, and the conclusions of the court
STAMP Acr MAnyLaSD-IsronrAsr DECISIONS
| QUESTIONS ARGUED.
Frrsf-Whether the bond Of trustee under a decree
is within the provisions Of the first section of the Act
second-Whether the bond Of an executor or admins
traitor is within il.
THiyd-Whether check bank in this state paya.
Oana IN eSss b. ssds IN I'M
Baltimore whose charter existed prior to the act Of 1921
CHI 1871 and continued by that Act, is within it, II
being admitted that such bank duly accepted the act
FVfh--whether certificate of deposit issued by
bank in the State TO bona fde deposition payable to
| der and presentation, is within IL.
Whether such certificate issued by order Of
| BaltlmOre
continued by the Act Of 1921 CHI 1871 such bank ha
wing accepted the act of 1884, ch 27a is within ii.
| Ser enfh-Whethera mortgage containing covenant
| to pay the mortgage debt il within Il.
Eighfh-Whether such mortgage is within il IL the
debt secured by notes or bonds which stamped
der such Act and referred to in the mortgage where the
covenant s to pay such notes where there is
nant contained in the mortgage.
Ninfh-Whether leases containing covenants for the
payment of rent be within it, and whether there be dis
ncton between where the rent, payable at any
one time, be more or less than hundred dollars
Tenh-ln an assignment Of real property in consdc-
ration Of an annuity to be paid by the grantee for the
| life of the grantor within the Act Z
| CONCLUSIONS rHE CouRr OF APPEALS
The questions brought before by the different re-
cords in these in relation to- Ist Trustees Bond.
Id Bonds by Executors or Administrators; 3D. Check
of Bank In this State upon Bank in another State paw
able at sight otherwise; ith, Certificate of Deposit
| given by Bank:
We are Of opinion that stamp is not required for Ell
Their of those instruments underline act Of 1914 CHI
Tha. bonds and obligations to be confined TO such
given for the payment OF money; and not for the
performance of official other act or duty That
the banks secured in Tie privilege Of issuing checks
whether at sight otherwise: bills Of exchange whe
Their foreign domesc and certificates OF deposite ano
that this privilege docs exist only in virtue OF the
Act OF 1921 CHI l3l H. and IL not therefore either
confined TO the odd Banks" they termed nor IL
mited as to its duration to the 10th March, 1876 when ~
our opinion the old charters will expire.
Il The (,oneral The adj