The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1849-05-09

themselves any deeper in time The easy state
Of tho money market enables the boas carry stock
without submitting to ruinous sscrifccs in the
event OF any speculative feeling arising, tho wide mar
gin for rise in many Of the fancies will cover
ed 1t takes very little capital hold large number
OF shares OF some Of the most active ances md unless
the supply OF money seeking employment besomes re-
duced it will be impossible depress prices be low pre-
sent points Shout the of specie set outward
the money market would soon again become str agent
and would be able to get prices down shere
svery little prospect ofsuch result The tide ofprecious
metals will for long time steadily set in upon u.s. We
have shown by returns received from time time that
moro than two and half millions of dollars in gold
have been exported from California; that about $500 900
of this has alrea ly arrived in this country, that
upva ards of baf million more is on the way and whi
soon arrive, THIS, it is true, but small COM
pared with the capital at present locked up in the Cali
f,rnia trade but it shows the produc,iveness of tn,
gold region and gives us some idea Of what may
peet before the close Of this year
1t is impe sion II a. up to the LIST of March more
than four millions of gold had been exported ali
forra, most Of which is its way TO the United
States and Eng and All the shipments Of gold from
California previous to the LIST Of May, 1s49 must have
been from the dreings of 1913 1t the impression
in Valparaiso, the LIST of Marcht full ak millions
of gold had been shipped from Francisco up to the
latest Gates From this time hcnceforth there will b,
a steady influx Of gold into this country from Cali
fornia aud he eff CT Of this supply upon currency
must DO of the most favorable character always pro-
vided the government preserves proper financial
system and makes specie the only legal tender in pay
ments for government dues 1t is most important
that, in connection with this gold movement from
California, the Independent treasury system should
be preserved as possible in its present shape.
Its specie provisions should be strictly adhered to- IL
that il abandoned. shall have N If hspk
promises to pay, and individual credit equal to any
thing experienced in this country, the result of
which can be easily imagined.
At the first board to-day, Ohio 6's advanced a pei
cent; Canton Company u; Erie Railroad, 4 Farmers
Loan, q; Reading Mortgage Bonds fell off a. There
change in the others The brokers of Wall
street hadlbeter start for California Those who can
raise money enough to get there, would do pro-
ftable business shaving the gold dggers of the Sacra
mento than in trying to shave each other the curb
stone at the corners of the street If the outsiders
not in andgjye the brokers some business they
will have to abandon the street and turn their aten-
ton to other employment.
The annexed statement from the President of the
Pennsylvania Central Railroad Company gives con-
densed view OF the position Of the finances of the con-
PENNSYLVANIA CENTRAL RAILROAD.
Amount OF subscriptions now available. $318O 800
instruments paid in. ................. 2,lSOO6s
instruments to be collected. ........ 81 OOO735
Estimated cost of completing road to Holy
daysburg. ....:...... 1000 200
Expenditures to this time 81 ,9S7 900
Funds to be received, say. 1,000OOO
2987 900
Funds required to complete. .......... 1O7Q2OO
An oant now asked for. ................ 100000
Which leaves for machinery. ........... $l7osO0
Thu final cost will not, it is stated, vary much from
the estimates The board having determined not to
required amount of money raised trust the efforts
which have recently been made will prove successful
The committee appointed by the District Court Of
Louisiar to examine the condition Of the State Bank
of New Orleans report as folows:-
STATE BANK LOUISIANA.
The whole assets of the bank are
$3S34 los 81
Add interest ON the Orleans
Navigation Companys
Bonds, omitted. 17,287 90 So, 9O1, 397 G.
And its liabilities are
Capital. ....:...... 1,734s2o 90
Circulation, deposits &c 2, .391 90 3S722ll AZ
Showing an apparent surplus or profit Of $201S4 20
On the assets the COMMITTEE estimated a loss Of
SPILL and gain of $38,esl, showing an aggregate
loss of $1s7 476, making deficiency Of 10A per cent
tho capital stock instead of 16 per cent estimated
by the president of the bank
The annexed statement exhibits the movement Of
the banks of South Carolina at three periods -
BANKS SourH CAROLINA.