The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1851-06-30


market during the past week. The closing prices yes
,rdsy show no change Of consequence compared with
thfse current the close Of the week previous and the
market exhibits feature Quotations for the |
season have pretty well sustained and stocks gene
rally pretty well held There appears to be no specu
tve Of any Importance going on and wc can
hardly expect much activity until after the hot weather
Is over There at present no indications OF any
greater contraction or sngency in the money market
The banks several days past have been holding up
little and demand for money has not been 50 easily
satisfied The cause e this slight contraction Is now
removed and we may look for better times. T1
COMPTROLLER has ordered the banks to make their repor
In with special act OF the Legislature, ana
thew have been putting their affairs in order to make
favorable exhibit This with the recent heavy shsY
ments Of rpecie-most of which has come out Of thev
banks-aud the accumulation in the subTrcasury by
the ,apSe payment duties mpcratons for tic fall
trade have caused temporary action The opera
tcns o the banks and for day two 1t pretty diff
cult s get money anything Ike previous rates of nte
rect improvement Is alresdy perceptible, and the
probability is that the most dangerous poiSt Of the
son has been passed Another arrival of COLE from Cali
fcrna win put things in WaE street all rgtt again We
shall steamer along from Chagres IN few days.
with several millions Of gcid dust, which viii more than
good shipments to Europe durg the past two
weeks opinion in Wall street that the steamers
that left San francisco the first Of June will bring
down about millions Of gold dust freight, and be-
tween and two millions in the hands OF passen
gers The large fire in San Francisco just previous 10
the departure Of the last doubt checked the
Of gold dust it is therefore expected that
the following viii bring larger sum than they
otherwise would. few days will tell the whole story
There are two from this port for Liverpool this
week and they will take out between one and two mil
ions of CON- We look upon this expectation of specie
with the utmost indifference, believing that it will
do us more good abroad than in the vaults Of
our banks. We find extensive markets for our
products Europe and is therefore, for our interest,"
that they should be in prosperous condition their
money markets made easy by large arrivals OF gold
and silver from this country and have not only an
spare but abundance for ourselves there
can be NO objection its going forward particularly
pays our debts and the accumulation Of interest
We get value received in shape for every dollar
shipped; and gold is much staple product of
cur soil cotton, spare 1t as well as
either Of these staples
The amount Of tolls collected Of this State,
from the opening Of navigation to the I'D ns l -i''e
037 e22 Is, against SoaAy 10 Tor the same Pc
rod in 1850 showing increase in 1851 of Sl95 3d.
The Welland canal marine list shows that 1o3 vesses
passed the canal during the week ending June IT, OF
which forty bound up and 90 down Othose pass
ing down. thirty bound TO Toronto seventeen
to Kingston four Montreal and four to 0gdensburgh
few days since we published table showing the
reported losses several Eastern manufacturing compa
MES the Of which attributed to the absence
Of sufficient protection from the government Six ma
nuacturng establishments report their losses for the
past year to have S2460oo We do not doubt that
such losses were realized but do most distinctly
doubt that the tariff had anything to do with IT, Had
the tariff arranged higher per cent these concerns
would have made higher prices for their
goods and their profits might have been large enough
to have given small balance to the credit Of their profit
and account after making due allowance for extra
vagance, want Of tact in business, and many other
causes which less influence upon the pros
perty Of mercantile, manufacturing and mechanical
operations We frequently hear of failures among the
classes their losses not attrbutedto
the tariff Within the last six months failures have
CURED In nearly every city In the Union and
effort made to induce the government to bring forward
for the protection Of this any oher elias
Of business but the manufacturing interest No spe
ca act Of Congress asked for to pfeven debts from be-
coming bad prevent ths depreciation in prices for
agricultural pr oducts for merchandise Of any kind to
prevent fs In the rates Of freight; to reduce h"-s.
rents for the benefit occupants raise them for
the benefit Of real No forward
for help the manufacturers and have yet TO learn
that tkeir claim protection l. greater stronger than
any other class. so far form an estimate
upon very indefinite data should judge that he losses
nearly every other class engaged In trade or traffic
had been greater during past year than the
fcurers and for the purpose Of illustrating the correct
ness Of this assertion, statement, showing
the probable losses certain articles Of and
speculation
LOSSES CausEp nv DEPRECIATION PRorERrr.
Depreciation ON cotton, out Of manufacturer
peprecaticn on foreign and domestic manu-.
featured goods in the hands OF importers, -.
Joooers xoa rs.asas 81, - ioiV'
Losses realized by operations In real estate 100000
Losses shipments 70 California. 16oooOco
Total. .................. s4ooOooeo
We have here aggregate Of nearly fifty millions Of
dollars and the tariff has had Just about much to do
with with the pal,ry losses Of few overgrown,
tavagant proHgate ignorant indscrcct manufacturers
II II possible TO get account Of the operations,
and profits and Losses Of all the manufacturing establish
Of the country for each year since the adoption
Of the present tariff act should without doubt find
that they had In the aggregate been the most produc
tive prosperous In the Union The annexed
notice the Boeton Trare Of the declaration Of
dividend by a cotton manufacturing company, confirms
the truth Of our statement =
The directors the Dean cotton and machine factory
have made up their account for the year and this day
declare dividend Of twenty-five per cent for the last
twelve months A dividend q similar amount paid
last June and thus in two years time, the fortunate
stockholders realized half the original value Of
their stock This result l. said Is mainly attributable
the shrewd Of the agent Of the corpora
ton Robcrts Dean, Eco, whore financial abilities In
the manufacturing line rarely eluailed."
How do the protectonists account for this IL l.
remarked the above notice that this result Is mainly
attributable 70 the hrcwd Of the agent Of the
corporation,n and Il be- said with equal truth tina:
any result In the operations 81 any manufacturing
pany differing nom this be entirely attributed to
the want Of knowledge and In the management Of
IS business Under the present financial and
cis systems q the government manufacturing Of the
raw material Of all kinds b. made proatable-can