The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1846-05-31

Foreign exchange is unusually inactive. Tho d..
mand for the packet of the LIST proximo has been limited
and the rates for sterling bills have fallen Off since
the departure Of the last packet about per cent The
market closed heavy to-day, at 81 81 per cent pre-
MUM.
Domestic exchange is DALI there being little
quiry Within the past few days there has been
considerable alteration the rates. the alterations being
in almost every instance favor Of this city, but there
is so little doing that these quotations merely
minal.
There are large amounts Of uncurrent money offering
for redempon and the brokers engaged in this business
have lately becn active than usual caused, no
doubt by the reports which have bcen freely circu
lated discredng several Of tho country banks In the
absence Of foundation for these reports they must fall to
the ground without bcne6ng any but the brokers, and
without norng any but those who have been needless
ly alarmed.
We anticipate q movement in specie to some extent
before the lapse Of many days, when we may look for
some alteration in the rates. The demand from
the South very large shipments to meet the
expenditures of the government in that quarter.
Tho circular Of the Governor of Illinois, to holders of
the bonds of that State, has created some excitement
among those innrested and has by means improved
heir market vnde The tax of one mill on every dol
ars worth of property in the State, for the year ls45
and mill and half for every year after to be applied
the LIST of July and January Of each year. to the pay
Of interest all canal and internal improvement
bonds, except the bonds hypothetical to McAster and
Stebbins has not yet been collected for the past
years and 1t is not known how much will be paid into
the Treasury in time to meet the first payment Of inte
rest on the first of July. The mill tax for ls45
when collected will amount to $50 oo0 and for 1896 to
about $ls0O0O Up to the LIST of May inst only $4,000
of the mill of 1885, had been paid into the Treasury
not expected that enough Of this will be realized
in time to meet the first payment the Governor
that ON the LIST of June he will ascertain the amount
ceved and instruct the agents the States how much to
pay.
will take two three years before the proceeds Of
this special will be equalized The balances and de-
ciencjes for Is45, will be paid in in lS47 those Of 1885,
in sls and those in s49 So that it may be that
the whole amount collected in any year may not
equal the whole nmount Of years tax until ls47 or 49,
The Governor says that the laws of Illinois
require that each shall be completed by the
month of August In September, the sheriff Of each
county commences collecting. They to make their
first settlement and payment into the treasury by March
Of the next year There ninety-eght counties,
ninety cight assessors and nincy-eight collecors-
Among such multitude public agents, there al
ways that slow at making collections, and put
of the performance Of their duty to the last hour; and
few dclnquences and defalcations occasionally
II the collector has not by the month Of March, succeed
ed in collecting all the taxes due for the preceding year.
he to advertise the lands upon which they unpaid
AT the first Circuit Court of his county after the month
of March, he presents his delinquent list to the Court
and gets judgment and order Of sale against the lands
for the taxes interest," and costs He is then to offer
them for sale, within four weeks; and they all
sod the residue stricken of to the State again to be
offered for sale in two years thereafter The Collector
Immediately after such SALE settle with the auditor
and make his pavments int he treasury