The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1848-02-17
Com II ERCIAL AFFAIRS.
MONEY MARKET.

Wednesday, Feb. 1915 r. M.
There quite an improvement in the stock market
to day Nearly every fancy In the list advanced and
there considerable activity among operators. At
the first board, Reading Railroad went up per cent
Harlem N Norwich and Worcester /; Long Island
x; Canton l.; Farmers Loan n; North American
Trust X Illinois Fundable Bonds ~ Illinois Bonds,
le47, l. Treasury Notes were firm at par.
At the second board prices were about the same as
those In the morning. and the sales were only to
moderate extent.
The advance in prices and the activity in the mar.
ket, to-day attributed to the announcement made
that the agent Of the Rothschilds in this CITY had sig
niaed disposition to take the loan of sixteen millions
Of dollars required by the government This has no
doubt been the Of tho improvement prices as
there many who have confidence in tho negotiation
Of such loan Similar reports put in circulation
previous to the disposal Of the last oan in April ls47,
and 1t may be that there much truth in this
as there was in that Of last There is nevertheless
a possibility OF some truth In the now, which
did not exist before Within the past year. great and
important changes have been realized in the fnanca
policy and position Of the country. We have, 1t is
true become largely indebted but We have shown
to the world that the government possesses strength
never before known that the country is CONSOLE
dated than before believed that in the midst Of
war of INVASION the prosperity Of all classes at home
noo Uo0A PkonoEVou, IooOuICob OF country
moro rapidly developed. Within the past two years
events have ranspred in the United States which have
raised the credit Of the government home and must
have had very great influence abroad. Tho progress
Of the Mexican has been closely watched by the 60
vernmens Of Europe and the large capitalists Of the old
world have been astonshed at the result of move
ments We have established character in the world
as military people, superior to that created by the
wars previously engaged In. We have taken higher
rank among the nations Of the EARTH and our nsti-
buttons and system of government are much better
known now, than they were few years sinoe. This
has been accomplished principally by tho Mexican
and for this alone 1t has been worth to the country
oil the treasure it has COST The statesmen Of Europe
have been lsmentsbly ignorant of the form Of govern
ment upon which this republic is based and until very
lately the sovereignty Of States and the
of tho general government has been enigma to them
European capitalists have heretofore loaned immense
sums of money to States with the most indefinite
idea Of the resources Of eash but with the impression
that the general government responsible for ALL
The immense loans to States originated with the
Rothschilds 1t appears that house perfected extern
sivs plan for the sale of American State stocks in the
principal cities Of Europe, and in the full belief that
handsome advance would be realized they made large
loans. An agent despatched to tho continental
cities for the sale of these Stocks and the head Of the
houso in London, Change, daily advised every
having money to invest to put in State stocks Whe.
Their he had such implicit confidence In the security
whether his object solely to dispose Of his stock
advance, is not known; but the probability that he
wished to get rid of his stock and pocket the profits Not
having been successful in their and having
hand An immense amount Of State securities when
Mississippi repudated the house Of Rothschlds were
large losers and their confidence in State stocks be-
came much impaired. They have until very recently
been very shy Of American securites but within the
past year two the attention Of foreign capitalists has
been turned towards Stocks and large invest
ments have been made In them. They have lately be-
better acquainted with the relative position Of the
general and State governments, and have conf
dence in the and credit Of the general govern
ment than before 1t il matter Of much aston
shment that they should have been 10 ignorant long,
but it yet time to redeem themselves The attention
try account Of the evidences which have developed
themselves relative to the peace Of Europe, and the
probabilities Of rupture revolution threatening the
downfall of of the governments and the extermi
nation of their debts It is the fear Of something Of
this kind which has turned the eyes of capitalists to the
United States the investment of their funds We have
revolutions in this country peace does not de-
pend upon the life Of any king or any individual
We annex the annual report Of the Albany and Sche
neotady Railroad Company, bstter known IS the Mo-
hawk and Hudson, for the year ending December a.
Is41, showing the operations Of the road during the
past year. and condition of the company at tho cose
ALBANY AND SCHENECTADY RAILRoAp.
Cost of construction to Jan l848. 81 1888 III
Paid for building II s-wheel freight cars, ?