The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-07-27

Net profit for he year. 81, 7os, 79l Is
Deduct coupons, interest bonds, 81. -. 67hsss 90
Dividend fund for 1854 ........... 81, 100, 900 Is
The Washington U,ion the accredited organ Of the
government has the following reference to the Texas
Debt bil which recently passed the Senate, and is
pending in the House. IL viii be that the bill hnds
favor in quarters that shut of all apprehenaons
Of . veto should 1t pass tks House,
Tho only question which ennbarssses the passage of
the bill as far advised arises from the propo
sition to psy eight and half millions instead OF the six
ths hi, vas nosss IN t r.essrt Uo 81 M
gather from the report Of the Finance Committee and
from the debates on the measure In the Senate may be
It's controversy between Texas, her creditors and
the United States. Texas is unwilling to satisfy the
claims ut their nominal amounts but insists scaling
en- The creditors refuse to submit to tho rate of
scaling So long this controversy continues the Uni
annual interest Of ave per The
hand them until releases filed, and releases
ps o. sa0s
creditors maintain and with force Of legal and moral
persuasion which Is very difficult to resist that the
government Of the United States responsble not only
for the FIVE millions, but for the entire debt, which
amounts 10 eleven and half millions I'LL
In this state Of things IL is believed to be morally
tain that TEXAS win not give her assent TO any
which merely distributes the ave millions and leaves
her liability FOR tho remaining six and half mons
settled On the other hand il Is equally certain that
the creditors win not renqush their entire claims upon
the payment Of less thsn half their amount They be.
tire amount and in this opinion they sustained by
Senators who have examined the whole question, and
they therefore unwilling to lose than half their
claims The case suggests the necessity for eompro
mite, and the bill is framed upon the principle Of
promise isto be rubnited 70 TEXAS and every
that che viii give her assent The creditors
have already ngnifed their assent, and II only awaits
the sanction Of the House to become consumsted ad
ustment Texas win he benefited In having her reyolu
onary debt paid and her credit greatly elevated The
creditors lose three millions Of their claims but have
agreed 70 submit to the loss in confederation of
bpcau ave a rNad yeueta
ed heavy sacrifices in the past DELAY The United States
are relieved from The TO their sblity for the
eleven millions and half and upon the Imposition
that they are responsible three millions BY the
bin.
seems to ms wise and desirable FOR the government Five
million dollars OF United States bonds bearing fSe
interest belonging either TO the State Of Texas
her creditors held IN trust by the government They
issued think, in january of 1851 They not
edeemabe BY the government unless by the consent of
the holders, in January, 1866. The principal Of the
bonds, the premiums the holders could receive IL they
were 10 sell them In the market and the interest
due up TO january, 1o1 amounts to about six million
i've hundred thousand dollars.
Now, rs the bonds are lying in the treasury and draw
ing interest, which together with the principal end pre-
mimi IN January, 1862 would amount 70 eight million
Overlooking and the @oney lying idle i'd the scvera
ee 'eu and in 1865 the government must pay tne
unit proposed in the bill, and in the neantme prooa.
bly, realize beneft from the money, " wouaq seen
that aside from the confederation Of securing release
of upwards of eleven millions, it would be the part Of
put ia circusion for the benefit Of honest creditors
and the partial relief Of the commercial interest OF the
patton. Hence, both financial operation, and a.
compromising adjustment Of embarrassing and irrtltrg
questions, but hope that the bill will he tri
umrhnnt passed by the House as II has been by the
Senate
Owing 70 the oppressive warmth Of the weather during
the past week very te has been done in dry goods but
they havo not been eagerly rendered for SALE and
have not varied in price, few country dealers have ap
peared in the Market and have beea inspecting all the
rosh supplies that have yet been opened 10 the pub
He; but considerable purchases have been effected
Local jobbers have been acting in similar manner and
with important results This state OF airs is
however apt to materially change the require
mens Of consumers viii force buyers to take hold and
when once theae begin to with anything like yigor
trade must lose much II not all OF its present dulness
and snguor. Brown sheetiDgs and sirngs in fair
supply and moderate request without alteration in price
Blssched goods are rather inactive, though being pon
tier and rae cheaper Cotton jeans sell very readily at
full quotations retail business Is being transacted in
denims and drills, which appear abundant, yet
steady. Duck Of desirable makes, b tahen fast a.
received, at buoyant 6gures thus preventing any
mutation thst might inurs the market. Purchaser
not disposed TO deal freely IN gnghams, they being
sty held at old rates. though the stock is increasing
Lawns, nankins, and nsnaburgs appear previously
reported Morc inquiry has existed for printed cloths,
but these haveot increased 10 value Prints pretty
are tin rather nominal Stripes and ticks st quiet
and languid. We append comparative statement Of
the exports hence Of cotton goods during months