The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1865-03-19

The stock market was extremely duh at the board,
and the absence Of all speculative feeling marked
Now York Central higher than at yesterdays Sec
ond board Michigan Southern y, Rock Island y. Fort
Wayne was lever Cleveland and Pit.sburg IN North
western r. Cumberland III
The government list duh but steady, excepting
ten-fortes, which Improved hax
After the call governments shade lower, and al
the open board al o'clock there q general do
cline OF per cent New York Central closed ~ LOS,
Eric e5X Hudson River 1889, Reading 105X, Michigan
Southern g. Cleveland and PiNsburg 67k, Rock Island
g. Northwestern 27A, Fsrt'waync s6H. Cumberland 4S
Money is In active demand and lenders show incr-
Ing caution in making both loans and dscounta seve
raj failures runlred, and commercial crash to con
sidered imminent by many The rate on call is strictly
per cent and first paper is quoted AZ - II
per cont there very little doing In the discoum
line.
The City OF Baltimore from this port to-day, took
S22 2z5 in specie making for the week about $50, 0oo
The Africa, a Boston, reports SIS, 600 In specie.
Jay Cooke 4 Co. have arranged with Wells, Fargo
Co for tho sale Of the thirty loan In California
Oregon, Nevada and Colorado
The business ut the Sub Treasury to-day fol-
lows
Receipts from customs. SID, 600
90 oI s o
S,snss,c. =, =, rovernn,cnt loan as coo
The debtc of the several States have been largely
Increased since the commenced that local taxation
Is pressing heavily upon large and influential section Of
the community, who looking about them for some
prospect Of relief They argue that nearly the whole
OF the during the last four years hs been in
consequence of the war and for the benefit OF tho mill
ary and naval Of the country that the general
government ought relieve the States Of their
debts that after adding the aggregate to the national
debt Congress should vote one-thd Of the whole burden
upon the South. That there will be considerable
influence brought to bear upon members OF Congress
in this direction probable; but tho ability of the
general government to bear tho deb. woali be
greater its ability saddle the restored South with
special burden OF the indebtedness OF
the nation. Tho national debt already not far from
twenty.four hundred millions will be hcavi weight
when the war onds than tho people will and easy TO
carry II reasoned that Congress might increase tbs
taxes to meet tho interest the augmented debt; but
this would DO impracticabe unless under reduction (
the interest There Is telling however wha Con.
grcss may not enact with regard to finances in the
future, and longer the lasts and the larger the
debt the greater the uncertainty.
statement has JUS, been published, with the prmis
sion OF the Secretary OF the Treasury, which indicates
ply be the continuance OF the present agency syst for
the sale OF seventirty notes. which has worked
cessfuly in the hands Of Jay Cooke Co. Up the end
Of last week the ttnl Subscriptions amounted nearly
ahundred and fifteen nilons, leaving about fifty mil
lions unssued under tho old This loan will mature
within years and half when IL will be redeemed
IN legal tender paper, convertible into nvctwenty
bonds having I've years to run from Angus, Is 1867
The six hundred millions authorized BY the act will
probably az far needed, be raised from sales
of sevcn-thrty notes, divided into three or four
separate Issues Of hundred or hundr
and MY millions each, the FIRST series OF a
hundred and fifty millions maturing one yclr later
than the present issue and each subsequent series one
year later than the preceding one II Is believed That
while some viii favor Tie maturing at tn earliest
dac others will " the hope Of steady ppprcc alton Of
the currency, prefer those hayini longer 10 run
The report prepared by the Agricultural Department
shows considerable decline in tie crops for 1861 al com
pared with 1892 Corn has Cd over the yisd Of
1893 because or the short crop hat year and oa,s on
OF their having been extensively sovn than
before, 10 meet the wants Of the military soryce bnt
with the exception OF buckwhcn the other cereals show
the effect Of tho withdrawal Of labor from agricultural
pursuits TO recruit our armies. The contrast between
che production Of 1862 and 1864 is marked than
that between 1853 and 1864 as the following figures viii
show
1862 1893 1864
b. hsls Bpltes m hsis
Indian corn $50 22e, 3o5 3g7 o2l2 $40 l5I io3
Mnoat ....lsl ,l3s,0ss 92s 100 sos, S23
lsye.ss....... II ,13a, i5l 10 gs9 335 10 ST., 975
Oas .........lTl 40 l05 40 100 s8t 115 900 tp4
Barley ........ IL SsH 022 l215as15 10 ZIG 32S
buckwheat.... Is, T03, las 157s6f22 IS 100 90
Potatoes. ...113,246 GA 1895 1893 p0.532 O2g