The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1847-08-16

Sunday, August 13-8 II. M.

Sunday, August 1915 II. M.
During the past week nothing OF Importance has
transpred in the stock market Prices generally have
been pretty firmly maintained and holders have been
pretty firm In their pretensions there having been very
few of the faneies thrown upon the market The most
important which have noticed, is the stea
dy depreciation in Treasury notes Since the close Of
last there has been decline Of nearly two per cent
and the tendency Is still downward 1t reported
early in the week that the brokers were SELL
ing these notes. through their agent in this city, which
with complexion Of the last quarterly report from
the Treasury department. and the advices from the seat
have deprecated the market value Of these notes
very materially The rapid increase Of expenditures
account Of the war; the immense amount of debt area
dy contracted and the strong of that amount
being very largely increased before hoses with Mex
fco terminate have induced many holders Of Treasury
notes to realize at present prices under the impression
that they will sometime hence be able they wish to
come in again purchasers mt much less prices than
those now ruling.
The loans made at previous sessions Of Congress
supposed at the time to be sufficient to meet all the
pendtures Of the account Of the and
every thing else up to the LIST Of july lsis The ex
pendituree for the quarter ending July LIST, lS47
amount to about fourteen millions of dollars than
the receipts the receipts from customs
and other Sources we're equal to the estimates
At this rate the last loan Of twentythree milions,
(s23 O00 will be completely consumed BY the end of
the present quarter-October LIST, l847. The FIRST
movement which Congress will be required to make
will be to provide ways and 10 carry the war;
unless in the meantime should succeed In buying
sonquering q peace.
We must prepare for the creation Of debt much
larger than that are burdened with There
escape from it. The War and Navy Departments are,
however, keeping strict account Of the expenditures,
md tha IA
credits for received and other of in
and the balance whatever 1t may be- will have to
be quidsted to the last arthing the and
the people of Mexico The people Of the United States
may rest assured that shall receive from Mexico
quid pro quo for every dollar of expenditure account
of this war; principal and interest and pretty hand
bonus into the bargain. We shall In few days
weeks have possession of all the principal points In Mex
The next move, after having established military
in those places viii be to take possession Of
the gold and silver mines and place large force to pro-
tect them and the operators in working them
AS soon as all these arrangements perfected will
become necessary to establish tariff Of direct axss to
be levied for the support of the army Of occupation,
necessary for the Of form Of
we may choose to give that country. The approaching
session Of Congress will settle all these questions
impression that some system will be adopted where
by the Treasury Department a. Washington will be
lieved OF zeal OF Wncn past
eighteen months drained 1t freely Military oontr
buttons have in all ages been resored to for the pur
pose Of sustaining invading army and unless our gov
eminent resortto the system and stop the expen-
dture Of money-raised by loans In our own country
among the enemy, for supplies furnished our army at
most ruinous prices there will be end to the amount
of public indebtedness few months will create. 80
long expend from to three millions of dollars
per month in specie among the enemy the presence Of
our army will be rather desirable thing than evil
benefit rather injury to be encouraged ly the
enemy rather than discouraged.
The government of the United States have from the
the opposition to the contrary concisory course 1t
has of the Mexicans and paid every ar
ole necessary for the army and avoided everything cal
cuated inure the -oombatants Of that country
We must, the city Of Mexico Is occupied BY
our forces abandon this method Of carrying the
OF It will last till the crack Of doom We trust the Ex-
scutive Congress will bring about immediate
olution In this matter.
The doubt and uncertainty that exists relative to
aarswth Mexico have had rather depressing influence
upon the stock market, and until something defn-
the progress of the negotiations reported to have been
proposed by the Mexican Government cannot expect
any Improvement in prices in extent Of transactions
The annexed statement exhibits the quotations for the
principal stocks In this srket for each day Of tbs past
week and ut the close Of the week previous IT WIZ DO
perceived thai there has l-sn No nstsl vasssdvn lH
prices