The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1846-05-01

MON EY MARKET.
Thursday, April 30

There 10 nothing Of importance going ON In the stock
market Quotations have not materially varied, but
prices arc heavy, tending towards dsolns Sterling
exchange was firm this morning at ten per cant pre-
MUM, .with very fair demand. We hear of no shin.
ments Of specie.
At the first board, Norwich L Worcester and Canton
closed arm at yesterdays priess Ohio skies improved
per cent Pennsylvania Hves Morris Canal fell or
Long lsland !, and Harlem I. The transactions were
limited and the market rather heavy. Very little was
done at the second board and notice NO variation Of
consequence in prices.
One dol lar bills altered to one hundred dollars and
two dollar bills altered to ny Of the Hartford Bank are
circulation.
The Brooklyn Fire Insurance Company have declared
dividend Of four per cent payable on the 10th Of May
bill has passed the Senate Of Michigan to suspend
indefinitely the provision Of the Butler act requiring
taxation for the payment Of interest on the State debt
The interest has been fully provided for by the sale Of
the Central Railroad.
The Miners Bank Pottsvlle, Pa. has made arrange
ments to redeem its mates at par in Philadelphia
1t 10 said that the Msnufacurers' Bank, Nantucket
will aSa6 Sssume business, and pay its notes in full
There ID some difficulty In regard to the issues Of the
White Plains Bank. They ara under protest, and 10
reported that the bank will DO wound up Its crcula
ton 10 about sao0o which Il secured by stocks mort
cages, &c, in the hands Of the Comptroller.
Congress has been in session i've months and no
single important afectiny the commerca or
the country has yet been perfected The oaly thing &C.
compished az yet ID the passage of the Oregon notice
resolutions; and although the city filed with rumors
that the President has carried the spirit Of those reso
lutions by giving the notice have little faith in them
1t ID also reported that negotiations have been resumed
between the Secretary of State and the British Ministers
that the Caledcna brought out q new offer from the
British government, of character 20 favorable that
there was very little doubt but that would be accept
ed treaty in relation to Oregon In the course
Of preparation and would be sent to the Senate for
rahcaon and dozen other things connected with this
MATERIAL of which require confirmation. One thing
in relation to this question do know, and that
is, that it is losing it, interest ON this side
Of the Atlantic; all fears Of 4 collision between
the two countries upon the matter in dispute
have disappeared, and there il mot that anxiety
manifested tor speedy settlement hereto fore expert
enced. Other Matters of more immediate importance
have taken its place, and the people this country will
IN short time, be occupied with other things thar
were not for the clamoring Of politicians and their e.
forts to ride into Office hobby, We should sink
into that mastery inactivity 90 much talked Of In Con-
gross Whether the notice il given immediately or NOT
the affair will again (uuless q rupture should
grow out ofiD agitae the country II did when nrs
brought forward We get used to these thiags In time
no matter how important the influence they upon
commercial matters. and long for q chsnge-some-
thing new, something to change the current Of ideas
10 required; and the moment it 10 found It occupies all
minds and for time rvss the attention Of the masses
In tho midst Of the excitement produced by the Oregon
question, the commercial and financial classes through
out the country panic struck by the announcement
that the independent treasury bill, with the re-
stcted specie clauses to 60 into full ope alton on the
soth of June 1885, had passed the House of Representa-
tives BY large majority This announceme emit a. IN
expected a. 1t was important upon the banks and
upon the spectators of the country with such force
that 1t absorbed all others Everything else was lost
sight of-thc debate in Congress in relation to the
Oregon notice lost s interest," and It predicted By
the org ems OF the opposition that the country would be
hopeessly irretrevaby ruined once that there was
no possibility Of surviving the shock Of the rsssabsh
ment of the odious bill that it would not only
ruin any party adopting ii, but would PROSTATE
the country into utter ruin. Fer time these pre-
dctions had very alarming effect and panic greater
than we had experienced for years. spread through
Commercial cities. At one time it had reached such
height that the notice resolutions considered use
less a. the country could not possibly survive the en-
forcemsnt Of the independent treasury bill After
little time the second sober thought prevailed the msa-
sure sssunsda more favorable shape in the minds Of
these opponents, and many arrived at the conclusion
that We were not going to be completely ruined
they at nrst imagined The dark clouds began 70 dis
the face Of commercial affairs began to brighten
u? little. While this gradual improvement was going
on it announced in the Senate, by the Chairman Of
the Finance Committee, that II had been unanimously
agreed upon recommend that the independent trea
sury bill 80 into operation the Of January ls47
instead Of the Let July, 1885, recommended BY the
lower house This committee suggested this extension.
with view Of adording the banks time to prepare for
the order Of things with the superstition that they
would, in the interim prepars the mercantile community
for the full operation of the law 10 that even mere tenn
porary pressure upon the commercial interests Of the
country would not be experienced. Il was also an
nounced that precedence would be given warshous-
ing BILL also to bills for the establishment of branch
mints in New York and Charleston. remedial mea-
sures. An immediate relief followed these announce
mens, and the public mind became more quistsd
All these before Congress In an imper-
feet form The lower house has disposed Of the nde-
pendent Treasury bill for the present. It's concurrence
upon any amendments the Senate may make WILL how.
ever be required The Warshousing BILL which origi-
mated In the Senate has not been acted upon In that
body set down for the 18th Of May and 1t takes
precedence Of all other ercial measures cannot
look for any action upon the Treasury Bill for sevs-
raj weeks. The new tariff bill il before the lower
house, whore originated. Several unimportaut blls
take precedence in that body it, therefore, uncertain
when win come up for disposal We have very little
doubt but that many necessary and important mod0ca-
tons and reductions will be made in the present tariff
act and that the ad vsisrs principles will be adopted
but at present IL impossible to point out whore the al
CREATIONS win be made Considerable opposition to any
alteration will be experienced in the lower Housso,
account othe great variety ofinsrssts there rspr sent
ed but In the Senate We look for unsnimy Of &C.
ton and q more speedy settlement of the question.
The annexed 10 tho substance OF report made by
select committee Of the lower house Of the LegsIsurs
Of Texas on the subject Of the public debt and public
domain The following resolution had not bssn actsd
upon at the date Of our latest advicss =
Resolved, That our delegation in Congrsss BE- 70.
quostsd and authorized forthwith to open nsgotiaton
with the government Of the United States In such
,orI 2. they may think A. for the cesson Of the public