The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1850-08-15


The annexed table shows what falling of there has
been In the exports Of breadstufs from the United
States to Great Britain and Ireland this year, COM
pared with last =
BnHApsrvyrs EXPORTED GRrAr BRrrAIs AND IREIAsD.
FIR 1S N Me- yss s. t GSsa'
U{ g. a. dates Is s sia i ss ssssS sss
Decrease, 1850. 0SsSs9 1888 6Asls 77asssS
Estimating the value Of breadstufs exported as
above last year and this at current prices and we
ind deficiency in value this year thus tar Of at least
twelve millions of dollars Last year, up to latest
dates the expectation OF cotton amounted to 600
bales which at estimate of SEQ bale of value,
makes an aggregate of 500 600 900 NINETY millions Of
doar This year the exports amount to 22Os0oo bales,
which fair estimate $40 per bale, of value makes an
aggregate value Of sssoO0 900, eighty eight millions
Of dolar 1t appears by this, that the deficiency in
the value beadstuGs exported this season, has not
been made up by increase in the value of cotton
shipped and the impression pretty general that the
total exports for the year just closed June So 1S5o)
will be about fifty millions OF dollars less than the i'm
ports for the same period.
The following the sections of the act regulating
banks, which prohibit the circulation, under
penalties in the State of Pennsylvania ct all notes Of
less denomination than Ave dollars of other States
and after the 21st inst =
Sec XVIII From and after the twenty first day Of
August 1850 shall not be lawful for any person
PERSONS corporation body corporate directly or in
directly to issue pay out pass exchange put In cir
culation, transfer, cause to be issued paid out
passed. exchanged circulated or transferred any bank
note note bill certificate, any acknowledgment Of
indebtedness Whatsoever purporting to be bank
note, Of the nature character or appearance of
bank note calculated for circulation as bank note
issued purportng to be issued by any bank or in
sorporated company, or association Of persons not
located in OF less denomination than
section. BY any corporation or bedy corporate, shall
subject such corporation or body corporate to the
Of the provisions Of this section by any public officer
holding any Office appointment OF honor or profit
under the constitution and laws of this State, shall
subject such officer to the payment OF one hundred
dollars and any violation of this section by any other
person, not being public officer. shall SUBJECT such
person to the payment of twenty five dslsrs, half
Of which, in each above mentioned shall to the
informer and the other half to the county in which
the su is brought and may be sued for and recovered
as debts Of like amount by law recoverable in
any action of debt In the name OF the comm onweath
county, as for the person suing
SEQ XIX In addition to the civil penalties posed
for violation of the provisions Of the last preceding
section every person who shall violate the provisions
of that section shall be taken and deemed to have
committed misdemeanor, and shall upon conviction
thereof in any criminal court in this commonwealth
be fined in any less than dollar, and not
more than one hundred dollars.
If the authorities of Pennsylvania succeed in the
enforcement Of this law they win do than
cpate and more than tho authorities Of the State Of
New York have DONE A law somewhat similar to the
above Is still in existence here but 1t is perfect dead
letter, and not one in ten thousand knew anything
about It. We have no doubt but that at first the
penalties Of the above act be strictly enforced
but before the lapse Of many years 1t will become OBJ
solete and add more to the hundreds now hardly
known or heard Of The Legislature of Pennsylvania
Of any other State undoubtedly has the right to
reeulste the banking institutions within their limits,
and define the denomination Of blsssu for crcula
tom but doubt the right of the Legislature to in
s-It- AL -
from receiving in payment for his labor any
produce merchandise he may sell, any bill on any
bank he pleases If the Legislature of Pennsylvania
would pass stringent laws for the regulation of
the banks Of that State and let the banks of other
States alone 1t would be better for the public at large