The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1850-10-02


the holding Of conventions and threats upon .h,..t. a.
secession, all the difficulties which at on. tim. a.
poared almost beyond the power Of man to r,nsvs ~
one short week disappeared, and the verv ords.l
through which the Union had passed. gave 1t greater
strength, and renewed its vigor For years ALI mar
ties have entertained the most lively fears and snurs
hensens in relation to the questions So Summarize,
disposed Of and all have apparently been afraid 10
touch or approach them The difficulties and dan
gers have been immensely magnfed and many have
labored under the impression that a satisfactory
adjustment never could be mado, and that the
only way to preserve the Union TO avois
the questions at issue. We what bug
bear the cause Of so much trouble During every
session of Congress- for years questions have up,
and have been pertnsciousy pushed forward for tho
purp Of producing sectional pref udioes and these
preudices have intruded themselves in almost every
important matter before the country. In every de-
bate relative to the financial and commercial airs o.
the country, sectional feelings growing out of the dir
ference In the political institutions OF each had
greater influence than the real interests of the coun
try at large in forming the most portant provisions
Of the various acts All these difficulties have dis
sppe6red Those which affect property
In the greatest degree are established and neither
party has the disposition to make radical change.
Slight notifications NAY, from time to time, b. made
defects dlscoverod but the prinsple upon which
they founded will, we trust, be permanent. The
exclusive of specie in all the financial opera
tons OF the government, and q tariff solely for
revenue the only systems OF the kind We
want TO place in position completely indie
pendent Of the universal world The manufacturer
the meehanicn fact every interest, will fad oil the
protection 1t requires from European competition, in
the smagsmation of those systems; and they never
should be parated strict adherence to the specie
Of h. rds naut Traa
difference Of full ten per cen. Ia the average rate Of
duty under the present tariff in other words, 1t
would require tariff ranging fall ten per cent above
that now in operation, to give much protection
under any other system Of finance for the reg ilston
OF the receipts an disbursements OF the
under that in operation Those things being there
fore settled upon sound basis those fears reSardin
alteratie and notifications which have heretofore
prevailed to greater lesser extent longer exis.
ard there is idea Of permanence aud stability in the
existing order of things calculated to have very be-
nefsisl pat upon public eGa g. morally aud
mercal affairs particularly 1t is 10 this fact muoh
anything else which occurs to now, tina: ths pre-
sent portion OF the public mind be attributed
No has fears to the future and long
as public con Gepce tnpes firm, all must go ahead
rapidly and prosperously.
At the first hoard, U. S. SIS declined u per cent:
Pennsylvania 5's, II; Reading Mortgage Boai-, y;
Farmers Loan. "a Aorfl3 Cnnal, y Erie kthrOad.
q Long Island, Il Harlem, y Reading Railroad
u Norwich and wor sester, u. Erie Income Bends
advanced - per cent Canton Company, " There
we're large sales OF all the fancies Government
curitits In better demand than usual and there
was considerable activity In railroad bonds. At the
second beard the market improved showing that the
bulls are ready for another upward movement. The
eight decline the fret board .he effect Of par
ties realizing, who had purchased at the commence
mept OF the expansion. We have always recommend
ed the policy Of securing small profits Erie Income
Bonds advanced At the afternoon board 4 per cent
Reading Railroad, "a Canton Company, q Erie
Railroad. Il Harlem, ~ Better prices ruled in this
street. from which should judge that tn. market
would open buoysIt to morrow. We sntioipsts CON-
siderable sc,iyy among stock spectators all through
this month and there 10 very little dou6t but that the
bulls have the power and they are
ready viii doubt have the dspoiton to carry prices
up several per cent above current rates. great
deal OF the money coming out OF the sub treasury
goes into the hands OF the brokers of Wall street The
banks will Of get the biggest share Of t and it
IL the prevailing impression in financial circles thst
within the present month from eight to ten milioas
ofdonars in specie will be drawn from the govern
deposarss aud dis tribu'ed through the channels Il
commerce This, In addition 10 the receipts nom
California which, for October Will amount to full four
millions OF gold. will add immensely to the floating
capital Of the country aud create abundance equal
to anything before known. The effect OF this
cannot but be favorable, and shalt withou. Doubt
It in few days Holders ef all kinds of stock
err feeling confident that there Is better time
ng than has Jet been realised.
The receipts at the Office Of tho Assistant Treasurer
Of ttis por, to-day, amounted to ses,l1 %; pay
msnts, s504so co-bslance, ss55tsE L.
The value OF merchandise exported from this port
for the month o. September amounted 10 $3.50 22s.
of which 81 s4i ga WAS the produce OF the Unts(
States.
Sleek Exchsnrc