The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-11-12

CCast Of Africa 635 or gold aud To8 or slycr Aus
0 I o. gold aSs
gold and S469 900 silver; and other countries a37
gold and ,424 o. silver-makiug total of oi5
gold OF the estimated value of fl5l S-3 and 1871 1854
silver, valued at fS68 9ls-makng together G50s 7sl.
The exports were 70 France, $40 gold and 6i5
soIdmakns total Of 81 or or GOLD valued at ESQ DS
and 46l silver, valued at fi 63s-og,her f3sl 1856
Tie excess Of imports over exports were therefore,
fl76,9o6
Pennsylvania's State Credit I'm Europe.
fr" From, 'ae London Tunes 9aty Article, oc. III
America is that whenever their denquences are pointed
out nearly the whole Of the population well all tho
journals, at once endeaNor to deny justify them There
never seems to be the fragment OF an independent
party to dcnounce the wrong, at all hazards
commonly atter the multitude with number OK reasons
show that their past conduct has been perfectly proper
and natural II dozen men could be found stand up
and denouncc each act OF dish0ns sty it wonld create
better impression than the unanimous voca by which
each State now pretends to silence all possibility Of
The Governor Of 70 s %
that that State, In her management of n0ney
transactions, was beacon in the pathway of all her
lister States and model which European nations
could scarcely hope to initiate reference made the
Times to some acts she nas committed of deliberate
cation In lSl3 she issued bonds bearing six per
interest," and receemable 1896 and shortly before the
period for redemption Of the principal and after had
neglected to meet the interest," she notified the holders
that she would not pay more than AZ per for the
arrears OF six per cent and that instead pay the
principal she would force them TO take new bonds bear
ing only five cent To deny these would be i'm
possible because they stand in the archives of the Legs
lature The plan adopted, therefore, is the old Of
raising counter charge; and leading Philadelphia
merchant has accordingly forward to point out that
no Tunes has no business TO allude the matter
the British government deducs income from the in
terest OF their national debt" and this ground
warned TO pluck the mots out Of eye before
point to "real or imaginary faults the part OF San
honest state like Pennsylvania. To English readers it
will seem incredible that such phrases can parated
anywhere in print but it must be remembered that it is
to whom such things be addressed that artisans
and others told by Disseminated orators look
happy examples, such might realized here for
the wckedness Of our aristocratic government Tue
gumcnt OF the Philadelphia merchant is capped by a
proving note the part the Journal which appears,
and evidently has been accepted as complete and ri.
umphant purgaton Yet the writer must be fully
that any country has right to deduct income from
Ms public funds, SO long is exceptional and the
same tax levied on every description OF property If
hve per cent we're deducted from income consos,
and income houses o we'd 60 Free the
would then be of conscaton, and So far,
therefore, from the tax consols, at present
exists, being nequtabe IL could be Civ no without
gross outrage on the first principles which regulate all
such matters In several the American States
are levied fairly all classes Of property, Including of
course the State debts and in the neghboring State
debt has for several years past been lOd in the pound
But this has nothing TO do with refusing pay than
"a l5s for debt Of &c, or TO give moro than bond
worth ESQ I, creditor who claims f00 In this prac-
tce Pennsylvania shines alone, although she outdone
far wholesale reputation goes by Mississippi, Mchi
vicon that large proportion of the population while
they shout approval Of those who step forward sophs
cate each misdeed must be thoroughly aware of the
holowness Of the performance.