The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1849-07-11

home supply become still more reduced. A
very large portion Of government stock has srhady
been absorbed for permanent investment, aud shall
soon feel the effect Of annual remittance Of large
sums to Europe In payment of interest is estimated
by coed authority, that ut least hundred aud atty
millions Of American stocks are held abroad upon
which the interest is punctually paid. This draws
about ten millions OF dollars from every year merely
for the use of foreign capital The payment OF the
principal OF this debt 1t natures. will be another
heavy drain and must exert unfavorabe influence
upor or public finance. We very much in want
Of capital in this country but want it in the posses
sion OF cur own citizens 1t by good policy
to bore of Foreigners American securities have re-
Gently gained ground rapidly in the estimation of
Europs an capitalists that the amount held abroad Is
rapidly increasing and will soon reach the round sum
OF S2OOOV 200 This immense amount has beGn alb
sorbed principally in the construction Of works of in
terna improvement, but few Of which sufficiently
productive to the interest their cost that al
rect taxation has to certain extent for sometime
been resored to to pay the interest foreigners
long az cur own citizens were the holders OF these
curtes there was nothing to be apprehended for the
money drawn from the people to pay interest
turned to the usual channels of trade but now, wheu
such large per cent is RENTED abroad u is extracted
from our usual resources. restricts in the
operations OF commerce. and is decidedly u uriou to
all classes.
By of the last Legislature OF the State OF Texas
her liabilities contracted when she independent
republic are required to be presented to the Auditor
and Comptroller Of the State before the first Of
November next, aud those officers authorized to
classify and scale the various evidences of debt accord
Issued
The following is classification of the claims by the
Auditor and Comptroller
DEBT or THE RKPUBLIC or Texas.
Personal claims for services rendered. .... par
csnsoii Tsy fSnd IN zoe on the dollar par
Ten pen cent bonds funded. SOC.
Eight per cent bonds funded. .. .3Oc.
Promissory notes (red backs) .. .25c. =
Eight per cent Treasury bonds. :. zoe.
Interest to be allowed on interest notes up to ls4l
Do. do. on consolidated fund to Sept 1910
Do. do. on bonds to the last payment of inte-
rest falling due in 1919.
This decision U.s. moreover, subject to the further
action Of the Legislature.
Stock Exchange.
SIO0 S5s '56 s4mos 1861 100 shs Eric RR $50 $50.
sgS do SSecu n, 10 Harlem RR 52,s
1o00o S SIS, 80. lOl1s $50 DO ser
10000 Treasury Notes ll6A 100 do $40 52l2
COCO New York 6's, 65 Ia do LOO 53R
COCO do 5s 90 1851 10 do pref full vi
5000 Ohio 6's, go 1854, 100 Reading I'm IS
ltv0 do so 1927 loo DO $50 3tl.
Is shs n Or c Il u Co 60 100 do Is
~ Farmers Trust 500 $1,000 Reading bonds 6I
la5 ErieRR 5sJ, 700 do, 1859 9l
SECOND BOARD.
$1,000 Treasury notes lI6a 100 shs Reading RR $50 aj
1000 5's 1860 1885, 100 do BOO 8
10000 Penn'a5 SIS b30 S12 q Canton Co S9Is
5000 Erie rs bonds 1929 100 Harlem RR 52is
70 chs Erie RR 500