The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1847-01-01

will be perceived that there has been but very little
alteration in the above quotations during the past
weeks, the Transactions have been limited, and the
slight changes made in prices have been rather down.
ward Government securities have fallen off in antici.
alton of another large loan being required mmeda ely.
It il hardly probable that another direct loan will be
made very II would be found impossible to make
another loan at par and Congress will hardly consent to
one being aised below that rate The only alternative
is On issue OF Treasury notes and Congress will he
compelled to pass law giving the Secretary of the
easury unlimited power to issue these promi'es to
pay bearing interest at the rate of six per cent per
annum. A law will have to be passed permitting the
funding Of these notes into twenty years stock any
time the holders may wish.
These Treasury could be disposed Of to any ex
tent, in making payments account of the govern
ment' no matter what may be the depreciation, the
charges made for supplies SC &c. furnished the gov
eminent, would be made according to the market value
OF the paper taken in and in this way the issue
could be made at par. The only difficulty about this
arrangement would BIO the exorbant prices the govern
men would he compelled to pay for any thing necessary
to carry the war, and the additional expense such
state Of things would incur There spectators
enough now preying upon the government and any
increase should be avoided as much os possible;
but if the Secretary of the Treasury cannot pay in
currency equal to gold and silver he must make up his
nini to be pretty well Aeeced by these harpies
The messages of the Governors of those States, the
legislatures of which have convened have given the
usual details Of tho public and condition the State
finances These statements give the gratifying inelli
gence that rapid progress has lbeen made within the past
year in lquidatng the floating domestic debts and in
placing the finances upon better basis
The debts of Illinois and Indiana have been partially
provided fer that is the people have been relieved of
large portion of the debt and the of each state
from TAXATION will be applied payn the interest
on the debt still unprovided for The resources CT these
stes are increasing so rapidly, that very few years
will suffice place them in the front among the sol
vents and the productiveness of their public works. will
in short time, be sufficient to relieve tho people from
great deal Of the weight Of taxation.
The Governor Of Maryland, in his message to the le
yislature ofhat State dwe upon the ability of the State
70 resume the payment Of interest the public debt
and urges an immediate resumption 1t appears by the
nsssage, that during the year ending December LIST
1886 the Treasurer paid account of interest 1895 059
being less than one years interest," by the $780,
Sol For the year ending LIST December, 1885, the Tree
super paid for interest the public debt the sum of
$7l07s4 being than years interest by the sum
Of $5o363 For the year ending LIST December 1885, the
Treasurer paid account OF interest S732 being
Sss6s more than the accruing interest for the year.
eupposing that the legislature will decide to fund the
Arrears of interest to the October next exclusive of
VIII Sl,677053 The determination to fund uill in
veve the repeal Of the laws auhorisng the payment of
taxes in coupons If this repeal should take effect from
he LIST July next is estimated that tho amount 10 be
funded will not exceed 81 100000.
= The current demands upon the Treasury will be
ordinary expenses. ....,.,.. SloO 00O
A. Interest on public debt. ....,..,.6 5I All
.
Making the present annual demand =. 1851 SOL
10 which must be added the interest on the funded ar
rears of interest Isl 400 oo such rate as the er
ture may deem honorable and just
On the LIST December 1885, the Treasurer after psvinr
the ordinary expenses OF government and also ss5 ssa
more than the interest which had accrued for tho sam
period, had surplus of 500 4l2 For the year ending
LIST December is46 the Treasurer after paying the r
binary expenses paid $40 500 moro than tho current IN
teres on the public debt for that year. and has surpls
In the Treasury Of $l47 ol3
The receipts Of the past year were
From She direct tax. s5as.oao
r'oui o'hor sources. ............. 3g47O9
Making the aggregate receipts. So. :. s9l7752
The now assessment for the city Baltimore will pro
sent al aggregate of Ooo and will add a5l7 7s4
to the assessment on which the direct tax now one ra,
ana VIII increase the revenue from that source 500 oae
hat;