The New York herald., 1845-08-30

Some OF the Government securities have within the
past weeks fallen OFF several per United State
5s and 6s have fallen from to three per cent State
Stocks have been affected much by the rumors of
war; but slight decline in of the soundest of
these securities has been experienced Pennsylvania 5's
have, since the payment of the August interest fuc
tuated very much in value in this market and in Phla
delphia Sales have been made Of this stock within
month as high 7s but for the past ten fifteen days
prices have been steadily declining This depression in
prices for this security has been produced principally by
the efforts of those spectators bearing the market The
prospects OF a war with Mexico have of course had
some influence upon prices but nothing the effect
few heavy operators in this city and Philadelphia have
produced We do not at present the slightest proba-
bty of Pennsylvania again becoming delinquent
State The immense increase in the wealth. and the ra
pd development of the of that State places
the thing almost beyond possibility 1t is very true
that her debt is many millions larger than that of any
other in the Union but when take into consideration
the resources from which her is derived
as well able to pay the interest punctualy her public
debt any other State in the Union The resources of
the State of New York are without doubt at this mo-
ment much greater than those of Pennsylvania but at
the rate Pennsylvania has been progressing within the
past three years it will only require another three years
to place her in advance of any other State in the Union
estimated that the industry of Pittsburgh alone adds
to its wealth annually million of dollars The mines
OF Pennsylvania constitute its immense resources and
from this the people of that State are rapidly
growing rich AS agricultural State she is hardly
second to any in the Union So long as there is the
slightest doubt in relation to the prompt and puncual
payment Of the semannua interest the State debt at
maturity and until payment is resumed upon the whole
debt scrip well funded the market value of the
stock must ucuate in the hands of SPECTATORS and its
price will range below the per stocks of other
States, which have ranked among the denquents
The finances Of Mississippi, far its internal ex
penses and domestic debt concerned appear be in
very prosperous condition The total domestic debt of
the State amounts to S50225S A. This amount is com.
posed Of funded and ununded warrants scrip bearng
FIVE per cent interest and the seminary fund bearing in
teres at the rate of eight per cent The expenses of the
Government for lS46. it is estimated, will amount to
Sl97l4, and the for the year S374 997
making receipts expenditures for 1896
of sl77 as3 which will be applicable to the public in
debtedness From these estimates il will be seen tha
at the present rate of taxation will require about three
years to extnguish the domestic debt of the State
1t is the general impression among capitalists here that
successful efforts ill be made in the legislatures
OF the delinquent States the coming sessions bring
about resumption Of payment, than heretofore or at
least that laws providing will be passed. the sys
tenn OF taxation perfected and the financial condition
the States generally improved Michigan January
will, without doubt, rank among the solvent States,
aud the legislature of Illinois will make another effort
to resume pay ment at an early day.