{"newspaper_name": "The New York herald.", "edition": "01", "page": "pNone", "byline": ""}
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Since the 7th nst there has been very decided i'm
provemen in the market value of all these stocks but
within the past week two there has been decline,
produced principally by the tghtness of the money
ke and the uncertainty in relation tho the 60
vernment will pursue in raising funds to tho
traordnary expenditures of the country


We have repeatedly alluded the great waste of time
by both Houses Of Congress- and the delay experienced
In passing laws providing for the expenses Of the govern
ment When IT is settled that the government must pro-
vide ways and means to meet the expenses incurred
loan In some shape and when the fact that the govern
ment is in want of large Of money and must
to direct or indirect loan raise it, keeps the money
market in very feverish condition and commercial
matters in very unsettled state there good real
why immediate action upon the matter should not
take place. Congress would do nothing, attempt
do nothing no could would complaint the people
would willingly pay the members their six and eight
dollars daybut instead Of this the first movement
made afer the session opens to propose alterations
modfcaiions or total repeal of the principal laws in
operation regulating the financial commercial affairs
OF the country and after the introduction of resolutions
to that effect let them lay the ble or somewhere else
out OF the way until just at the close of the session
Those interested In the alterations notifications pro-
posed or in the permanency of the original BILL kept
ina state Of uncertainty during that session. undecided
how to act or what to pursue. Legislation in





the actual interests of the country Business generally
cannot but be nuriouy affected by the course pursued
BY Congress, in all matters connected with commercial
affairs, and 1t is this that we have such hor
ror Of the long sessions.


The present Congress has been in session seven long
months and would puzzle an expert mathe to
figure up what has actually boen accomplished benefit
ting in any way the commerce domestic trade of the
country. We easily tell what should have been
L. -l-xl
what viii be DONE The three great of the
sion after months sitting, remain just where they
the FIRST week. and there is at present every proba
bity Of their not being touched until the last week of
the session There is remedy for this thing; it is
thing in the history Of Congressional proceedings
and IL possible all classes interested may in time get
used 70 these delays and 60 in their regular business
\ e3gardless Of what Congress may be doing, what it
may omit doing Those who do WILL in the end come
ont the best while those who continually watching
the movements at Washington for the purpose Of regu
ating their operations accordingly will in the end find
4 f,ar have
them into dinacultes from which they will be unable to
sxtricate themselves. We have too much legislation in
this country and too many Legislators.


We the resolutions of the London Committee Of
Bondhders of the State of Indiana in relation ar
sngements made by the legislature Of that State last
wnter to he payment Of portion of the inter-
est the debt appears that the terms agreed on
+ were satisfactory, and unanimously accepted.


RESOLUTIONS or THE LONDON COMMITTEE or INDIANA


BoNpHoLDERs.


1t That underline circumstances stated in the Report
OF Mr. Charles tttler, confirmed by letter from his
ceency James Whitcomb, dated 5th Feb last addressed
to Mr. Palmer 10 the opinion of the undersigned that il
will be for the eIcs Of the bondhoders of the State Of
Indiana to concF in the principle laid down in of
the legislature kassed at indianapolis the 10th Janu
ary last Tor th adjustment of the public debt of
state by tho p ment Of moiey oil the principal and
interest by taAon, and the other moety by the


and tolls oil lhe Canal from the State line adjoining
Ohio 10 Evansville the Ohio rIver such property to
be assigned three trustees and the state to be freed
from responsibility on that portion Of the debt and inter
est 80 10 be secthed.


I'd That 4uter requested to apply to the bond
holders Of the &ae of Indiana. resident in the United
6as Tor their cooperation with the bondholders in Eu-
rope carrying outthe arrangement upon the principle
stated In the foregoing resolution


"a London. May, ls46.


IA I'M ROTHSCHILD SONS
PAsMER, MACKILLOP DENT < CO.
~ aa,0rsa Nv BAlNG, BROTHERS & CO.
- e - FREDERICK HUTH co.


Me MORRISON, SONS & CO.
MANIAC, JARDINE & co.


The agent has given notice to the holders of bonds,
who may be 6sras Of securing the benefits Of the law
70 sdvs hmpn orbefcrs the llh July, ls46 a. GER
un provision Of tip law must be complied with by the
y" Of 'anuar, isl7 ,otherwiss they null and void
5000 Y ssi,H los 100 shs Canton Co NV a.x