The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1847-05-11
MONEY MARKET.
Monday. May lO-6 r. M.

Monday, May lO-6 p. M.
There a small panic in Wall street, to-day
collapse took place In the bonds and stock Reading
Railroad Company The 1880 bonds fell on O. the
gage bonds the shares az cent sales Of the latter
being very large and would have larger but for the
want OF purchasers Morris Canal declined "a per cent;
canton "a Harlem, "a Norwich and Worcester u
Long Island y, Treasury Notes closed firm at satur-
day 8 prices. The break down in Reading had n de-
pressing influence upon other stocks
Inc amount OF specie brought by the Caledonia
whieh had been entered at the Custom House. in Bos
Ton, up 70 Two O'CLOCK on Saturday S2642, 800
larger amount than entered before bv ons
vessel
The mortgage creditors Of the Reading Railroad Com
pany have applied for Injunction, and the apuoint
ment of receiver to prevent the issue Of bonds at
very great per cent below par for the purpose Of qu
dating floating debt Of the road various other
alleged the part of the directors among
which is the hypothecaon of bonds to the amount of
three millions dollars supposed for stock jobbnv
purposes there being entry Of the transaction the
books ofthe company. This is very serious and so
far the stockholders concerned avery alarming
charge and immediate measures should be taken by
those interested to probe the matter to the bottom
The point Of terminus the Ohio river Of the Balt
more and Ohio Railroad from present indications, Is
coured by both Wheeling and Pttsburg for their respec
tive places A committee to Wheeling from Baltimore
warmly welcomed and being ascerained that the
several points of discussion presented insupsrable
barrier carrying the road there revision Of the esti
mates of engineers has been ordered communication
from the Pittsburg and Connesvie Railroad Company
was considered by the directors Of the Baltimore and
Ohio Railroad Company Saturday morning
We learn that of the managers Of the Schuylkil
Canal Company is ut Albany, making arrangements
with boatmen the Erie Canal for the Of
coal the schuykiI canal during the months
The enlargement ofhe locks that canal will admit
the passage of boats employed tho Erie and other
canals of this State and have doubt large
canal tonnage will when the rush OF business has par
TALLY subsidized on public works. be transferred to the
Schuylk and increase the transportation Of coal
that work very much AL that company wants is boats
and that evil will, without doubt soon be remedied.
One hundred dollar counterfeit notes the Planters
Bank Of noticed a. In circulation at st
Louis 10 well executed deceive the best judges 1t
the Nashville branch; vgnetts railroad cars and
steamboat; engraved by Rawdon, Wright, Hatch &
Edson New Orleans The plate is said to be genuine
engraving with the words Planters Bank substituted for
Bank of Alabama.
The annexed circular issued by the Treasurer Of the
relative to the payment Of taxes
to meet the State debt due the LIST Of
August next, shows that he is making every effort to
place the payment beyond any contingency The Trea-
surer anticipates much larger from the public
PgNNsyLvANtA STATE TREAsuRy-CoLLEcrioS OF TAsEs
TREASURY OrFicE, HARnIsBuo, april 30 ls47.
The Importance Of punctual payment of the interest
which win be due and payable by the Commonwealth
the LIST day Of August next induces to address you
thus early that subject 4 the proper.eiOrt is made
by the county officers and those who entrusted by
with the collection of State and public dues
the treasury will be prepared beyond all doubt to meet
rely confidently upon the vigorous and faithful co-ope
ration of all such officers 1t is to them that the
Treasurer has look the making payment
They constituted public agents for this The
law invests them with all the requisite powers and to
their and activity the integrity and honor Of the
State has great degree entrusted by the peo-
pie feel well assured that they fully appreciate the
Importance Of the confidence thus reposed in them and
| in common with all honest and honorable men, depre-
cate the disaster and disgrace to the State and people
that would result from failure to carry out promptly
and efficiently the requirements Of the law their part
therefore most earnestly the necessity Of having
the duplicates placed as early as possible IN he hands
speedily possible the tax payers for the amounts
charged against them and be held to the most strict
countabilty in paying from time to time the
amounts received by them II this is adopted 1t
will ensure the collection of large amount Of taxes in
a short time.
For the prompt payment of the quota Of for any
county deduction Of five per cent is directed by law to
but amount approaching to the whole, the de-
duction Of Ave cent has heretofore been made This
heretofore the benefit Of the
treasury and in others directly for the benefit of the
just and the that viii incte to prompt pay
of the On the failure pay this quota BY
|
of FIVE per cent and be lien the estate
which it is charged until it is paid Here is the
double inducement Of interest and patriotism urging
the payment fifteen days before the FIRST of August next
| trust this appeal will meet with proper response
lection State taxes my confidence in their
dial cooperation is inspired by the fact that the people
Of this Commonwealth have at all times, and under all
circumstances, most manfuly and cheerfully met the
demands Of duty, justice and patriotism
pery The ali hnss an and
products is good and they have found early market
The revenues accruing from our public works will this
year greatly exceed those Of any previous Our
prospects are therefore, full Of hope and such
dspel anything like doubt or dependency. Nothing Is
wanting to enable the TO meet the next August
interest and to maintain the credit and honor Of the
state but the fidelity Of her public officers and their
energetic discharge Of the trusts and duties imposed
upon them by law Each Of them should therefore,
be vgilant and active much II he believed that
success depended alone upon his individual excrtion
call your attention to the law Of the 18th Of April,
1872 copy Of which is hereto appended This law is
still In force, and deem it cxpedient to exact strict
compliance with Its provisions from all collectors county
treasurers and other agents Of the Commonwealth JUS
tice to the citizens who their taxes honestly and in
good money well TO public creditors and the plain
letter of the law demand this the part Of the State
Treasurer.
Each county treasurer will deposit the money received
by him in good bank in his county, or in neghbor
wealth. and take certificate Of deposit for the same
ting forth the amount Of funds and Of those not
and transmit said certificate forthwith to this ONCE
gether with the affidavit required by the law before
All arrears OF taxes should be speedily collected and
forwarded here Prothonotaries Registers and Rec ord
required to remit without delay any public
ney which they may have received which
they may hereafter receive request you show thi.
circular to those officers in your county.
shall be much pleased to hear from you from time to
time, as TO your prospects su' lrogrofs.
Yours &c JNO BANkS State Treasurer.
The quantity of certain articles Of agricultural pro-
duce exported from New Orleans for the ending
April oath inclusive, distinguishing the destination and
quantity shipped to each country, annexed -
| EXPORTS % PnopucE FROM NEw ORLEANS.
| For England &C otton, bales, 5,70i CORP bushel,
li6Id7; -four bbls % 7i6; wheat bush 1000 meal bbs
I4sl bread bbs s25 beans bbs %; beef tierces 277
pork and tierces 6o9 lard kegs 553; do bbls sac
do torces 1913; bacon and hams, packages ITO; moss
bales, 100.