The daily union. [volume] (Washington [D.C.]) 1845-1857, 1846-12-05

Total los 723 700 lis $50 231 7s3 sol 24 $50 40
| The Boston valuation, the head of the manufac.
turing interest," Of S43 900, has increased 40 pei
| cent. The valuation of the commercial emporium
of the Union has increased S. 1863 500, or less than
per cent. The personal property Of New York
has remained stationary, while that Of Boston has
increased SIT 600 900, 40 per cent, there being
considerable U. s. stock held there also. Much Of
this may be ascrbed railroad enterprise, but more
to the influence of the tariff which has depressed
commerce for the benefit Of manufactures 1t is to be
hoped that the current will now be changed, and
that the shipping interest under the spur of the high
freights they now obtaining out, with the pros
pect of remunerative freghts home, will multiply
means Of transportation, that the agricultural inter-
es will again participate in the profits of the for
eign markets.
The new tariff commenced operation on Tuesday.
Many of the importers, particularly those in the
French trade, most of the articles composing
which the duties are advanced under the new tariff,
allowed disposition to contest the operation of the
law on the LIST, inasmuch as that it is expressed
'ifrom and after" The Utica which was ex-
pected, however, did not arrive. The officers Of
the customs are however exceedingly busy, berating
from warehouse many goods, particularly sugar,
that have been waiting the low duties, and many
buyers of goods at second hands have also been
holding off for the same object. Many goods will
doubtless remain in warehouse until the opening
spring trade demands their liberation; and proba-
bly, the December revenues from both these circum
stances, may be as large as usual. The customs
at this port for November are 485 SAT against
392, 64s last year. The banks here have been very
They in many offer to certify these checks of
their customers but refuse to give noles, the appre-
henson being that these latter will be--as is the
case, to some extent--deposited in the independent
treasury, and be presented suddenly upon them
for specie in case Of requisition to go SOUTH
or after the lst Of January, when the specie
clause comes into operation. Some 500, 900
of Mexican dollars and American gold have been
packed this week, supposed for transportation
south on government account. In the operation Of
the banks under the new regulations is to be seen
the sautary influence OF the independent treasury.
II effecually checks multiplication OF bank prom
ises. BY promoting an activity of coin it keeps
them constantly on the alert to avoid over expan-
sion. How much more effec,ual ia this than the
supposed controlling power Of a national bank
which was itself under no control. The federal
government, by simply keeping up a con-
slant demand foi the constitutional currency,
efectually controls the paper without inter-
fering with il. The circulation Of the coun-
try banks of New York is very large, but as
general thing is healthy, being, before mention
ed, the consequence of large shipments of produce
There has been, however, some panic in relation to
those banks purportng to be located in New Jersey,
but the notes Of which are issued in New York.
The shipments Of produce from this port contin-
ue as large as the means Of transportation will adj
nit. Freights have again slightly advanced, and
bills declined, but the closing Of the canals and the