The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1849-03-07

Il will be by this perstive state ent that
quotations fer these securities have improved several
per cent during the past two weeks Tao advance in
government stocks has been very moderste compared
with that realized in London and quotations in this
market now range below those abroad at the
latest advices This margin will be covered and
we have NO doubt sdvees by the stesmsr nearly
due, will confirm this impression The election of Gan.
Taylor and the charsct he enjoys for
and the principles he has avo~ed have doubt tend.
ed much anything else to create confde nee in
public securities. The pro yress have made dur
ing the past four five years has been
with which have contr large loans, and the
favorable results Of the in which have been
gagged, have ell contributed to give this country
etanding and position abroad which 1t before
reached This has created desire to invest capital
In securities which hss heretofore been considered
go safe locked up in the stocks Of the European go
vernmens The confidence already exhibited regard
to our securities increase and as 1t increases
our public stocks will be absorbed by foreign
capitalists This is not confined to the sseuri
ties Of the general government but to those
of the States, particularly those Of the regular
dividend paying character. The stocks Of our delin-
queat States held iu Europe to a large amount,
and the holders generally feel confident that they will
ultimately realize every dollar principal and interest
When they look at the progress many Of these
States have made In wealth aad population, in
1he develorement Of their resources, and In the
administration OF their financial AFFAIRS all doabt
to their ultimate solysooy and ability to pay
every farthing OF their indie btsdnsss will be re-
moved. The opinions of that portion Of the
British prees which has heretofore been most bit
Ter tow ards the deiDquen SteJes have undergone
complete olution and they do not now hesitate to
admit that, eventually the creditors Of each will real
zs every fraction SO far the opioions Of any Eu-
opean press concerned matters very little here;
among Europeans they may have some weight;
but the experience of the past twelve months Las
done much towards placing Our State securities before
European capitalists in their proper light.
The legislatures of most Of States have adjourn
cd, while others still in session. Nothing Of In
potsnce has TRANSFERRED In relation to the finances Of
any Of them; but the reports which have been from
time to time made--vheh have from time to time
iven-win give the latest intelligence, and post up
thoee interested to the last moment. There is one
thing pretty certsipsnd that H. Of these States
80 backward They all progressing rapidly, and
exricstiDg themselves from the difficulties which have
been such burden to them The increase Of property
subject to taxation In all the States, Is annually
very great, which away win che necessity Of
Increasing the revenue laws the sst<s Of taxation
The creditors Of these States will therefore thai
there Is no possibility Of their becoming again delin
uept; that at the rate If taxation which the people
NOW cheerfny submit to- the must. before the
lapse Of any ,sars, be large enough only
the annual expenditures, but provide for The gradua
1qudstion Of all About the time the stocks
all our States become again established As REGULAR
dividend paying securities, the government debts
Europe will he rspudiated