The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-04-22
Talk on ,Change.


There was not much animation in breadstus and -four
closed in favor OF buyers Cotton irregular in prices
while sales we're active, having reached $500 bales, in
Guiding lots on speculation and for export
II was sad that there prevailed some Misrepresentation
regarding the law in favor Of extending the basis OF the
banks II appears that it passed the Legislature Late on
the night prior to adjournment that went to the Gov
ernor but before he had had tune to examine and sign it,
amidst tho urgent duties in which he engaged one
branch had actually adjourned sine die. The constitution
assigns ten days for the Governor to keep BILL either
to approve veto It, Hence, for the want OF tme this
bill did not receive his Official signature, and did not
become law neither could he at present legally sign it,
Hence, the only plan by which it could become valid
would be its by the legislature at its extra
session. II said that the Governor entertained some
objections to the BILL which he might make known to the
legislature at its assembling in May.
Some conversation occurred in relation to tho PROPOSE
ton the part of England aud the United States 10
make Greytown Tor San Juan de Nicaragua) free
port The opinion seemed to be in favor of it, but 1t
believed that the State Of Nicaragua which had always
claimed and (unti the Mosquito bubble blown up)
had exercised jurisdiction it, in making the town
Free Nicaragua should be party to it. that future
trouble might be avoided.
gentleman, in speaking Of the troubled state OF the
Mexican border considered It involved interests of much
importance. Inc UHittu otates WSho pouh" ny IedtJ
to protect the Northern States of Mexico from Indian de-
predations This task which the government had
been unable perform and its ability to do so for the
future was doubted While the Governor of Mexican
State taking counsel from ~ fears vndictve feel
ngs offered reward OF 5000 for the head OF every In
dian produced tho said Indians would remain hostile and
DEFY the pts of the United States keep them
peace.
The only eecua mode which could enable this country
keep Indians in check would be for Mexico to sell that
porto of the territory occupied by the Indians to the
United States to enable the government or her
citizens to construct grand military road, or railroad
direct line possible from the Rio Grande to the
waters Of the Pacific Such road would prove vastly
more eecual in preventing Indian invasions than the
Chinese wall in stopping the ncursons Of the Taras
Nothing short of absolute American jurisdiction the
land right of way through where such road would
pass would guarantee the investment OF capital for its
construction.
Such road would add vastly to the resources wealth.
aud Of the northern provinces OF Mexico
The time would arrive when instead OF one line of rail
road being built to the Pacific there would probably be
three or four, and business enough obtained for all.
Neither would justly fear competition from the others.
There was some talk regarding taxation. One
person remarked that the great trouble in all legsa
ton was to impose equality of taxation. Direct
taxes were more equal tnan noirect Inc former,
however, were seldom il ever equally imposed.
The subject was Of difficulty. The best method
to render taxation nearly equal possible would be
to levy the income of the people The dividends of
all railroads. banks and other corporations should be
taxed at given per ceatage while the stocks held by
individuals in such institutions should be exempt from
taxation. Thus landlord should be taxed the rent
received the actual rental value Of his house, real
estate. farmer, the value Of his crops on the
net income derived from his business property So of the
pursuits Of profession al and mechanics To tax dead
and unproductve property would be to subtract to that
extent annually from a mans actual capital, while
Others with less dead capital and larger incomes might
ecsape with nominal tax.
It believed that the opening of the canals would
not add largely to the supplies Of breadttu in this
market as many were disposed to apprehend. The
railroads during the winter had tapped the Western
warehouses; and to extent diminished their stocks