The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1847-12-06
MONEY MARKET.
Sunday, Dec. 6-6 7

MONEY MARKET,
Sunday, Dec 5-6 FIN.
The steamer from Europe being at hand ope.
rations in the stock market have boon to limited sx
sent Prices have throughout tho week just closed
ssen very uniform, having varsd but fraction from
day to day. the difference being just sufficient to give
the bulls and bears q chance to operate. Treasury
notes closed firm at par and 1t will DO pretty difficult to
get them much below that point while there In every
for great improvement. The demand for
them for Investment at the smallest fraction below par
Is such that prices soon Much depends upon
the future movements Of the Treasury Should there
lie call for very large amount Of money, and this
amount of money be raised by issue treasury notes.
similar to those now In existence temporary depreci
alton in tbs market value would be experienced with
out Affecting in the sishtest degree the value as per-
Any extent indebtedness this govern
ent may create for the purpose Of carrying the war;
will be small compared with debt Of two
hundred millions of dollars would be rnng matter
pared with ability to meet every engagement entered
into The debts We form paid in full at maturity prn
spai and interest Within the past thirty years have
created and quidaed several public debts and within
the next thirty years sha present same results
We are unlike every government In Europe In this re-
speot, as wo are in many Others and not
the predictions of many to the contrary We shall never
fail to fulfil every pecunsry engagement entered into
Our States will occupy prominent position in
tins financial world As our general has,
and the time not far distant when American sscuri
ties will be sought after by foreign capitalists With as
much avidity as exhibited years past While the stocks
Of European governments rapidly depreciating in
real and nominal value those Of general and State
governments are rapidly improving. Tho abuse which
has been heaped upon will recoil upon the instiga-
tors the epithets applied to u.s. will soon apply to
those who have been the most conspicuous uterers and
We shall change positions with those who have 30 gross
ly viihed u.s. Nearly every government in Europe is
hspelessy bankrupt With immense debts immense
saxes and burdens of all kinds weighing the people to
EARTH there not tho most remote probability their
debts ever being paid and little prospect of tho in
tersst on many of them tsDg much longer promptly and
fully paid While they are progressing towards dein
qusncy We are progressing towards permanent soven
cy from which there will never be fall 80 long a. We
stand as republic. We young and vigorous with
every element of wealth within limits with hardly
1.-THE Of our resources developed with limited popu-
lstion, compared with immense extent Of territory
At presen deficient In capital and hands to labor We
are IN reality yet In our swa1dng Clothes but full Of
M full OF health and seiang every opportunity to give
US strength and power the other hand the govern
ments Of Europe old and narm diseased In every
department of their administration, weighed down
with debts, over populated new element Of
wealth at command, no resource undeveloped weak,
mbece and powerless, with famine staring millions in
the face c IF suffering and misery rotten and corrupt
there Is nothing in the future but and appreheu
son There is good ground for alarm in Europe while
mere all Is happiness There is comparison be-
tween this country and Europe, than between heaven
and earth. This country Is not only the refuge Of tho
poor and oppressed Of the old world but Il IL the
OF the whole Of Europe We not only provide for the
thousands annually thrown upon shores but We feed
and cloths those that remain behind
In connection with this subject IL becomes necessary
to state that movement is going that will place us
In moro prominent and more favorable position than
any previous financial act of States has ever vet
accomplished. We alude to the movement about being
made to liqudate the repudiated debt of Mississippi
There very few in this country who not aware
that the Mississippi Union Bank bonds illegal and
that their issue was direct violation of tho constitu
ton Of that State. This nearly every in this coun-
try knows; but in Europe they grossly ignorant
this thing, they Of nearly every thing conneo
ed with this country and is for the purpose Of engst
enng the holders Of those bonds upon this subject and
making arrangements for the ultimate liquidation Of
these illegal sus that the mission TO Europe has been
undertaken. Gel Robins, of Vicksburgh, Mississippi
will soon proceed to London and Amsterdam upon this
business provided with authority SUFFICIENT to give his
statements weight and influence with those interested
the other side His position in the State he represents
Is such as to guaranty the funment Of any arrange
ment entered into aud the documents he takes out are
sufficient to dspea doubts relative to the legaty Of
the bonds issued and the power OF compelling the peo
pie of the State to acknowledge them We feel con-
hdent the plan proposed will be completed as 1t ia the
only one left for the holders Of these bonds to realize
one fraction from them.
We learn that the train which arrived at Vera Crnz
under the command Of Colonel Harvey brought down
six millions Of dollars In specie belonging to English
account. This will soon find its way to London and
from London TO New York.
The quantity Of certain articles exported from this
port for the week ending the I'd inst inclusive dis
tinsuiships the quantity shipped to each country was
as annexed -
COMMERCE OF THE PoRr New Yoax-WEEKLr Er-
To GREAT BRirAIN. Cotton, IT'S bales; cheese 347
ss4 lbs beef 873 bbls meal 2024 do; lard 81 O9i lbs
Jour, 6,s57 tbls corn, 26363 bushels wheat $50 do
hams, 20 449 do
To FR.seE ...Ashes, ITO bbls cotton 9a6 bales; rice
9OO,sss lbs whalsbone, 6a,sso do beef 10 bbls tai
low, $3.50 lbs
10 BaIrIsH wEsr lSpE, --Plous lso4 BIZ; pork, So4
vi corn, iisotasssi lard ssao lbs butter loaip Dol