The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1846-05-15

We have very favorable intelligence in relation to
Government and State stocks, far quotations are
concerned to forward by the packet of the 10th instant
to Europe The recent accounts from the Mexican from.
tier have had very depressing effect upon those stocks
likely to be deprecated in value by any prosced Diff
cultics with Mexico. Fancy stocks which have par
cular value out of Wall street. and what value they have
there being created by the operations of the two great
specializing parties have not been much affected by the
war news II will be perceived by the above compsIa
tive quotations that nearly every State stock in the list
has fallen OF two and three per cent Even United States
stocks have deprecated several per cent We must look
for depression in these securities so long
threatened with rupture in foreign relations
long q rupture exists. II 10 not much collision
with Mexico that we apprehend for that alone would
eventually be rather profitable movement than9other
wise but it is the possibility nay probability Of
other powers being drawn into the whirlpool, and .
general rupture in the peace Of the world.
We are now in position similar that of the three
great powers Of Europe, and if each is left carry
its own object there will be danger Of the dculy
extending; but there is such disposition in the govern
ments Of Great Britain and France to NEEDLE with our
domestic affairs, that we fear movement will be
made, in relation to Mexico that will involve the three
countries in rupture Of the most alarming character
Under the prctence of protecting the interests Of their CT
tizens every effort will be made to throw obstacles in
path and every indirect operating against
the progress Of the United States will be resorted to-
The government Of Great Britain, must expect
will be particularly active in this crisis and we
may judge by the measures adopted by England
to prevent the annexation Of Texas, we have every
reason to suppose that the same tools will b.
used for the purpose Of obsructng the contamination
much as possible and to increase its cost to this country
to an enormous extent The fact Of acquiring such
an immense and valuable territory, without immense
expenditure Of blood and treasure does not agree with
England idea Of obtaining prosecutions Every league
Of territory she possesses has been purchased at an i'm.
mense cost and at the sacrifice Of millions Of ves and
she cannot understand and is therefore jealous Of the
power and influence of that country the institutions Of
which Of such character quietly work out 70.
volutons and to draw foreign people under their pro-
lection hen gahereh her chickens under her wings
Countries have, heretofore been subdued and territory
acquired at the point Of the bayonct and tho sword
the acquisition Of territory by the silent extension Of
the benefits Of republican institutions Is something nav
in the history Of nations and something well calculated
to increase the enmity and Jealousy Of monarchca gov
ernments, to republics We have seen, within the past
few years, combination among the European powers.
for the purpose Of checking the growth and increase Of
the South American republics This has appeared
papablc the subject of the balance power on this
continent has been frequently alluded to in the repre-.
sentative branches Of the various governments Ar yet
this question in the chrysas state Is destined be-
fore the lapse Of many to endanger the peaceful
relations Of the principal nations Of the world Al rc-
publican governments increase in strength they will be-
come more odious to the monarchical governments Of
the old world and require greater efforts their part to
check The very salvation Of the Kingdoms Of Europe.
depends upon restricting the progress Of republican in
stutions; and the knowledge Of this fact will induce
them to check in every way the extension Of terri
tory, and surround with every difficulty they can
conceive, carry out
Reports have been pretty freely circulated in Wall
street lately that the semannual interest the public
debt Of Pennsylvania, due the LIST Of August next
would not be paid In full The object in view in stating
these reports injurious the interests Of that State
was depress the present market value Of the stock
ofhe largest operators in the street are stuck several
hundred thousand dollars, and they will resort 70 any
calculated to frghten holders and force the
stock forward for sale The State Treasurer Of Pennsy
vana has just issucd circular to the county commission
and reasurcrs for the purpose Of stimulating them to
cxertion in providing funds meet the payment Of tho
interest at maturity We give this circular at length M
i 10 highly important at this moment that the matter
should be placed before the bondhoders in an Official
shape.
1hcuLARFRoMT THE STATE TREASURER OF PgwSsyLvANiA
STATE TREASURY OFFICE
Harrisburg. May ., 1916. L
1os County Commssioners and Treasrers fine Stat,
oentIemen-Although the subject was pressed upon>
thc attention OF the Legislature yet omitted to provide
any additional revenue for the current year we must
therefore rely upon the previous cnactments
The loss to the commonwealth occssoncd by the injury
done 70 the public works approximaes $500 ooO and this