The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1848-06-07

that they viii hsfsaftss BE- s sought after than the
funded stock Of tho government The loan for which
bids are now being made will be issued In stock ard
the loan for the payment CT indemnity to Mexico In
accordance with the rogisons OF the treaty will be
Issued in the same shape. Treasury will there
fore, be scarce, ami viii, without doubt, bear good
premium at all times, Of their convenience
as remittances from section of the country to
another They superior to the stock of the govern
ment as they can at any time be turned into twenty
year security and for the time sort of circulating
medium, bearing interest
The expenditures of the government on account Of
the war, have by ceased. The two loans yet
to be raised for purposes already named amount to
thirty-two millions of dollars; how much will be
wanted, is yet matter of much doubt, but probably
enough to swell the amount to fifty millions of dollars
This will make the aggregate expenditures Of the
war, and for the purchase of additional terri
tory, about hundred and fifty millions
of dollars, the bulk of which Is in the shape
OF pnblic debt, the interest which will
annually draw large sums from the Treasury The
territory obtained by the treaty will require all the
gular army of tho country occupation and
that reduction in the military expenditures which
return of peace would induce to anticipate. With
oil these drawbacks it, perhaps well that peace has
been securedhat the horrors Of have disappeared
and that arc again, upon friendly terms with
oil natons-that there Is now no obstacle serious
enough to check progress and that prosperity
is not likely to be checked by any restrictions upon
commercial intercourse with the world at large.
With the annual interest large public debt
with the increased expenditures of government in
of territory produces, there will doubt, be
surplus in revenue the first year after the final
close Of the war. This surplus revenue WILL unless
some expenditure should arise not calculated upon
create sinking fund large enough to liquidate
the entire public indebtedness before it reaches
maturity. We have not the slightest doubt that
this result will be realized; and there is not another
government in existence that pay of its debt
in this way. There is other that can meet its
Indebtedness at maturity, without contracting
loan, Of equal amount, to replace the old
We have already paid of the debts Of two wars, and
paid them, too at time when our resources
coedingy limited, compared with what they at this
moment; and the amount Of indebtedness created by
the war now drawing to close, will be much more
easily nquidated than either Of the previous two
With all the evidence which has from time to time
been presented to the capitalists of Europe relative to
resources there yet appears to be the most gross
and objectionable ignorance upon all matters regard
ing the strength of the institutions of this country
When they the thrones Of Europe totterpg to the
ground-when they the strongest and most power
full governments in Europe disappear before the power
of the people like morning dew-when they know not
when every vestige Of tier property may be swept
away-and when they SEQ, amidst all these changes
and revolutions going on around them, the United
States government stands firm, and all is peace and
quiet, and happiness and prosperity here, they must
feel that there is power in the will of the people that
is immoveablc and that government based upon that
power is as firm the eternal hills. Such revulsions
and revolutions Europe has recently experienced,
sufficient to change the opinions Of the most pre-
JUDGED and must turn the attention of statesmen and
capitalists of tho old world to this country, more
earnestly than they have heretofore degned to give it,
The petition Of the people Of Hartford to the Legs-
laure of Connecticut for the repeal Of the bridge
clause Of the New York and Boston Air Line Railroad
Company has beca withdrawn. Its presentation was
certainly the most injudicous act the people Hart
ford could be guilty Of The Railroad Company had,
in the face Of the most determined opposition obtained
from the Legislature Of Connecticut charter the
construction of road through that State commencing
at New Haven, and running through Middletown and
on in easerly direction to the eastern line of
the State, with the privilege Of crossing the Conncc
ticut river at Middetown, by draw bridge.
This charter passed and became law Of the State,
and under that charter the subscriptions have been
mAue, anu Tie dmou~ Eequrcu Ior Iormatlon OF
the Company and the commencement of the work
subscribed. The Company thus far have
ried out everything required by the charter, and
are prepared to put the road at under
tract but the efforts the part of the people
of Hartford to defeat this enterprise, at all hazards
have prevented the company from progressing
rapidly it otherwise would. Two sessions of the
Legislature have been beseiged progress made
thus far in preventing the company from construct ng
bridge the Connecticut river at Middletown, is
request to withdraw the petition for the repeal Of the
act authorizing it. This is it should be- and hope
the people Hartford will hereafter attend to the
construction of their road to Wimantic than to
the placing Of obstacles in the way of their neghbors
IN the completion of theiri line. We pleased to
that the Legislature of Connecticut have preserved in
violate act passed at previous session, and have
fused repeal act before it had gone into effect II
legislation be Of the people of Hartford
WISH tho dongs of every session will be a farce,
and laws a bagatcllc. They would pass act
session and repeal the next before it's provisions had
been tested before its advantages disadvan tagcs
boca mo anporont