The New York herald., 1846-03-09
ouOrArlos. 70. THE raIsse,..L srocn. IN rHs N.w Yo

f|';..;. 4HH s:s; s..: .....'Ms aA ~ . $50
E::::;;: :::;j:;:: s::;:;sS s:;i';; x X
!1'.s E.;i:ss:s: S:i $s.s, :.:,:: X X X
sS;sa:s Ssa: S!s: S:ji.s:a :is -.::f7 e TX g TX e Il
n N..i 4. sTr.sDa' T.uss. =. ~ iox "
compar on of prices ruling at the ciose-of the md
kst yesterday, with those current the close Of the
vious week, shows a decline in Long Island of n
cent Harlem, 81; Canton, 2; Farmsrs' Loan, Nd
wch and Worcester, II; Ohio 6's, II kentucky 6s
Pennsylvania SIS. l; Reading, Il; Morris Canal,
vcksburg fell Of The lowest price paid for Readii
Railroad at the close of the marketwas ~ per cent
Stock speculators az well as all Others anxious
waiting definite movement in the Senate upon III
Oregon question: that they may be able to judge
extent what Is likely to be the result Of tho m
ter There appears to be considerable difficulty In "
ranks Of both parties, and 1t il the general impressed
that the breach between the democratic Senators s
ncieny wide upon this question to prevent rsunio]
In the event Of the division upon the Oregon quest
continuing the compromise resolutions will undoub
ly pass. The resolutions Of Senator Colqut meet vii
general favor and the current in Wall street.
few days SINCE that these resolutions had passed. ha
very favorable effect upon business affairs. From til
Pesse6O "
solutions through the Senate. would give very gre]
impetus to CONNIE rcial matters.
II is stated that these resolutions would not pass
lower house, and that the question would therefor
remain open, ard . settlement than
il now. The commercial, manufacturing, and In 70
all classes do not much about the question
settled, a. they do about the manner In which il will
arranged or rather the fact that the peaceful reatio
Of the two United States and Great Britain
will not be disturbed. There 10 very large class
this country opposed to any settlement othis question
they wish II to remain open, to act sinking fund
political capital to fall back upon in the next Preside
tial contest
Should the Senate pass the compromise resolution
Of Mr. Colquitt, the public mind will at bscou
settled, no matter what course the lower house mel
pursue in the affair." as It will show determination 4
the part Of the upper house, prevent rupture in N
amicable relations existing between the tw cou|
tries. These resolutions will be decided upon som
time within the next week twe they fairly bsfo
tho Senate and other public business will be transa
ted until they disposed Of; and 1t is possible ths
introduction into the lower house will arrest furthd
action upon the tariff and sub-treasury bills until ths
(he resolutons) disposed Of In this way this ORD
gon question may arrest the business Of the session,
put of action the two most important bills before M
representatives Of the people.
from pxeSeut bppedIduCeS, We bnOulQ Juuk0 l0eI u
Hst session of the twenty ninth Congress would
pretty close to the second. The little progress made
psrfecing any Of the proposed measures required b
the principal interests Of the country, after mcre h
three months sitting is pretty good evidence that N
session viii be longer than any previous one, parct
ary 1t appears to be the determination Of the low
house to dispose Of every important bill in contempt
ton.
1t is suggested that the new tariff bill In the hands
the Committee of Ways and Means and about being pr
sented to the House, 60 into operation on the ls Of d
tober; there is, therefore, some probability Of q
passing passes this session. before that time, whi
il doubt slight satisfacticn to those intsress
Some Of the party papers hnd fault with the time su(
gestsd for this bill to 60 into operation. The lst Of o.
tober s of all Others the best time In the whole ys
Tor the notifications In the tariff to 80 into operao
The mporaons for the first quarter after that day s
for part Of the second quarter usually very iims
which gives better opportunity for the consumption
the old stocks Of goodsthoss imported under the
sent tarG-thsn would be the case the changes wsI
made In the midst Of the business seasons By the
ductions and mod6 satons going into operation III
lst Of October they viii have very little effect upon N
following spring.
1t should be the aim Of the to make ever
change in the administration Of ts affairs affecting an
great interest of the country, gradual and easy
possible and a. long notice should be given Of al
change, a. may be consistent with the wants and polio
Of the government
The contemplated reduction in the duties, many q
ticles imported very largely into the country, YER
great and such notice should be given ~ will ao,
those interested to reduce their supplies to the lowe
amount The lst Of October Il not day too far ahsa'
even If the bill had already passed; and importer
this time to that to prepare themselves to
| the reduction
There many who do not believe the slghtsst alter
tion win be made in the tariff this session Of Congress
and will not, therefore, place themselves in position
meet the changes until they arc actually made and
come law Of the land. The present tariff was passe
In July. and went into operation the lst Of sspte
ber, lsa2 less than two months after 1t became Ia
The change from low to high average rate Of dut
| produced by that tariff act, greater than Il
change proposed by the tariff In 1884, the rate
duty was raised from twenty per cent and under to
average Of flDfion more than thirty six per cen
while the change now contemplated reduces the ave
ego rate Of duty from about thirty to less than twen
per cent The foreign trade Of any country ID not
much affected by an increase Of duty ~ BY reduction
contemplated increase in the average rate Of du,
usually increases the importation, every engage
In importing strives to get large supply on hand
possible, under the low duty, to benefit BY the ri
prices increased duty at fy invariably produce
| On the other hand, contemplated reduction In th
average rate Of duty generally tends to restrict import
tions for previous to the adoption Of lowe
tariff and supplies, to great extent. are kept back III
I'll they can be entered under the BILL take u
| benefit Of the reduction.
| In Iss2 whom the last alteration wss made In u
tariff and that alteration increase Of duty,
importstions were comparatively limited The cou
try just recovering from the ssct Of the CONNIE
cial rsvulsioi few years previous and there was NJ
great demand for goods as there now H. The alter
tions had not the effect upon our foreign trad
which those now In contemplation will have, If adop
edin the hrst place. bscauss NE alterations nov PR
posed are dsmsicslly opposite to those made in ls42
and in the second place. because our foreign trade
| more extensive
reduction in the price Of any article, canssd BY
reduction In the duty that article falls upon YER
few The consumers may be for time slightly benz
| Aued BY the reduced cost, while II may ruin thos
having large stocks imported under high tariff; an