The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1847-11-05

0f the aggregate for ten months this In 646 the
aggregate value OF exports being nearly
millions less than the shipments thus far this year
The aggregate value Of exports from this port ibis year.
isi7, will be about fry millions of dollars which will
show on last year of than fifteen millions
of dollars When take into consideration the fact
that this is not the first exporting port the country
we oan form some idea of the extent Of exports for
tho past ten months Although imports for the
same period have been unusually large, the balance
against US On the trade of this port will be unusually
limited.
The rounding conversion of the evidences of debt
Of the State of Illinois into uniform stock known
Internal Improve Bonds is still going ut the OF
flee Of the agent of the State Wadsworth ESQ., of the
firm of Gay Wadsworh, No. 65 Exchange place. The
fuading be done the when the Governor of
the State was here.
The old bonds, styled Internal Improvement Bonds"
Bank and nterDs Improvement Bonds State House
Bonds,n aud internal Improvement Scrip" sc may
he surrendered and there will be given therefor cer6
oates Of New Internal Improvement Stock, for the
amount surrendered bearing interest at per cent from
July s ls47 and transferable upon the books Of the
State, at the transfer office in this city.
For all of interest," to July lst 1917 there will
be issued Internal Improvement Bonds" in sums
less than FIVE hundred dollars which will be trans
fsrabe by assignment upon the back attested by two
witnesses, and upon the books, in the same
the stock They will bear interest at per cent after
July lst 1887 and receivable in the meantime in
payment for any indebtedness to the State and pur
chase of lands belonging to the State.
The whole of the Of the State will be applied
In Of interest pro rata upon the debt, and the
first payment the issue will be made the Isl
day of January next and will probably he equal to two
per cent per 1t expected that tbe instament'
of interest will yearly increase and possible that the
kaa
three per cent per annum and it is hoped will reach Fix
per within FIVE years. under the provisions Of
the constitution With the increased rate Of
ton and rapidly increasing value Of taxable property
we'll tho rapid growth and settlement Of the State 1t
is venturing too much to that ten years cannot
roll the State without placing affairs in entirely
solvent condition.
The objects which 1t proposed to accomplish in the
refundng Of the State debt threefod First, to
bring the various CLASSES snd kinds of liabilities of the
State into general and uniform class Of transferable
stock Second to ascertain the total amount Of ndebt
of tns State in order that the future action of
the Legislature in relation to revenue may have refe
renee thereto Third in ordero enable the holders of
bonds to render available the Of interest," either
by seiug the in Market by investing 1t in the
very valuable lands Of the State, and at the time
enable the State absorb considerable amount Of her
Indebtedness, in exchange for these lands.
The State manfesty endesvoring to place her affairs
in better condition, and the feeling is becoming almost
universal the part of her citizens In favor Of making
every to redeem the character and credit of the
State With the present feeling and great prosperity Of
the state there scarcely be doubt that the expec
tatons of the most sanguine will be realized.
lsrge amount of the old bonds have already been
exchanged and the refunding progressing rapidly
could be expected large amount Of the bonds of
tho State held in Europe and each steamer brings
out considerable amounts for the purpose of funding
Sterling bonds reduced to dollars at the rate of four
dollars and eighty cents per pound sterling The time
allowed by law for making the exchange is eighteen
months from the time notice of tho readine on the
part of the State commence the exchange given
but it is probable that much the largest rroportion
Of the bonds will be funded within the FIRST six months
Parties holding scrip will ind it to their advan tage to
exchange early, they will be entitled to dividend of
nerest tho new stock on the lst Of January next
The quantity OF -four wheat and harley left ut
tide during the 4th week in October in the years
1916 and lsl7, ia as folows:--
Ill., ASn Corn Bssy bush
1884, lss ta 9ss 1852 h isssl 1921 1921
Increase. aas5 ssaos ilisos 1853
The aggregate quantity of the articles left at
tide water from the commencement of canal navigation
to the slst of October, inclusivs, is as follows
Flour. bbis Wheat, bush. Co,nbush Ba ley bush.
rs IS s sis s s ls sssss ,s.s's
Increase. o0i5s lli9.on 429,1sl Dec 1890
This statement shows increase In the receipts Of
wheat snd dour during the 4l week of ctober com
psltd si.h the receipts during s week last year,
equal to 90 ss4 bits Of -four
The article of barley continual to show reduction
in tire receipts Of the crop compared with those of
last season; the receipts for this being 65l 600
bushels from LIST Sept to 3st ut against SCI 900 bush
eh for the corresponding period last year.