The New York herald., 1845-04-24

Auburn Auburn socSsssI fses s ls s .las
The stock market has, for the past four or six weeks
bsen quiet and operations In COED stocks or invest
Il will be that the ao;h March, the date
Of last qsotsors prices for several Of the State
stocks included the list have fallen several per
This decline ha, been confined delinquent Slate stocks
and is principally attributed to tho movements in he Le
gislstu e. The decline in Pennsylvania IS has been
about three per cent, and in Illinois about two The
probability ofthe1 senisnnual interest the debt Of
Pennsy being paid in August is 20 very sms that
possible. The Legislature passed Law jnst before ad
ournmen providing for the payment Of the August
nndssuicent TO pay the whcIe IN oash-o be PAID sut
Of the frat monies into the Trsssury in he
dsr Of pesenstion This looks rather nisvsaee and 10
10 create in the minds Of the stockholders mis-
Ivings to the ultmats redemption Of the cieo of
Pennsylvania BY carrying forward the payment Of in
cspts to pay up arrears which should accumllte for
he interest coming due the finances OF the ate bscone
pension must be- submitted to- II win require al least
the balance Of receipts-ater paving As current
other semi-annua interest DUE to pay ID he
uts est due in August and in this way will en-
croach upon the other and inevitable bankruptcy sxsin
prcsd the This result IL anticipa-
ed from the limited receipts up to this time; but in.
crease in the revenue Of the Slate would u all thess
immense payments ssm-annualy demanded from the
Treasury Tho profits Of the public works and the re.
August interest DUE Several laws passed the Lefsa
ture Of the State during the last session, in.
creasin8 the rate OF taxation and providing other
means 10 furnish revenue to meet the current ex.
pensts of the commonwealth. These laws now in
operation; but the from the additional
s not ba available until the close of the fiscal year 1t
to be hoped that the receipts will be sufficiently large
qudae all arrears Of the August interest before tho
F-brury dividend becomes duc Many estimate the
reliability of ayment In August In cash, from the
TACT that the receipts to that time st the rate realized
last year for the corresponding mouths will be- large
,ugh to net balance sufficient for that purpose
Whs may be the condition of he Treasury the lst
o AUG impossible to tell but suffice IL ssy
tia. the receipts up 10 time be large enough
meet the payments then due
The pnsssgs Of thercvenue laws through the brgsla
ture Of noes does rot have has very svorl
effect the stock in this market. While the Legsls.
Ion and the lews under debsto
he market price for Illinois ga Al "a per cent
at once put the stock up to 90 65 per cent
Considerable doubt has existed. and some still
,ets, in relation to the construction likely to be
nut upon this revenue law by the boDdhoders In
Europe should IL net meet their expeca'ions the
loan of 81 900 will not he made The agents of the
bondhoders Messrs Davis Leavitt tay that Is doubt
f whether is accepted MOI, but parties here inter-
este confident that the whole will he perfectly salts
factors md thai the loan will BE- msde IN
he conmencem ant of the work he canal the lst
u June. and its nal completion in two years
The Legislatures o most nj the states have edjou ed
None OF the delinquent State Legislatures in session.
relation to the debts Of these States the meantime the
laws passed in Maryland Pennsyvsnia Indians Illinois,
Louisiana and Michigan, will be en- forced and the revs
ue from the additional sources will ne applied TO the re-
lief OF the State Treasures from the accommodating do
mands upon them