The New York herald., 1845-07-15

There is SO little business doing in these stocks at
present. that quotations cannot m considered oherwisa
han nominal Inc operations in the stock market ara
principally confined the fances but they are 100
limited to give any fress to prices The stock market
has not or been depressed as at this mo-
ment Prices for all the fancy and many of the good
securities have for the past six months been steadily but
sr2ouay declining, and the number of operators has
become very much reduced, There are ali the
elements in existence in this market to produce specu
atve excitement equal to any experienced for years
nut there is not sufficient confidence to put these ee
nents IN motion The stocks of the different States are
more anected by the probability of difficulties in our
ioregn affairs, than by any local cause With the ex.
cepticn Of Pennsylvania, the delinquent States are
making no progress in the arrangement of their financial
ar and the resumption Of the payment of interest by
Maryland, Michigan Indiana Illinois, Arkansas Missis
s'pp'' Louisiana and Florida is far distant as ever
INC interest on the funded debt of Pennsy vana due
the first Of August will be promptly paid at maturity
Inc state Treasurer has made such arrangements as
WIZ enable him to meet the demands upon the
treasury fast as presented. without the aid or
inc banks of Philadelphia, or loans to any extent
from any bank. The efforts of several bank direc.
lots IN Philadelphia to prevent the payment Of the
interest, II possible, at maturity, by influencing the
oahk not TO loan the county upon the shallow plea that
the county had no right to contract loan will not be
so successful as anticipated They may bear the stock
rs much as their power will let them thew NAV throw
obstacles in the way of the State Treasurer and do all
hey arc able to keep down the credit of the State but
ne resources OF the commonwealth are too extensive 10
oe controlled by any clique the debt OF the State il too
urge 70 enable any party to hold sufficient stock to af
ect inc market price The banks of Philadepbia have
~ their movements in this business BY the silence with
which they treated the application of the County rea
urer backed as II by the opinion of some of tho
most distinguished membe of the bar of that ctv pIa.
eng beyond doubt the legality of the loan and tho
spos'on manifested to do nothing towards aiding the
oun'y or the State in their extremity created feeling
owafds them which will be rather preiudcia to tbei
eress or their existence when they come before the
'uohc ior relief or for extension Of charter The
As Oh Philadelphia have been at the mercy Of the lc
sure before, and there is very little doubt but that
"cy wi" again place themselves in position. require
Vofs and we trust the legislature will forget the
Gus OF these nsttu in relation the State interest
ne intention OF the directors Of these banks is just as
ad as though their refusal to make temporary loan TO
nc county had the effect supposed They have done
'er best to defeat the object every good citizen Of
ennsy lvana has at heart but have been unsuccessful
nd the creditors Of the State thank the indefa
State and County Treasurers for the prompt
the dividend on the public debt at maturity.