COMMERCIAL Asp MONEY MATTERS

~ Fer Sales Of Ssoek, Sc; see Foarfh Page


SS - :, NJ
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~ Fer Sales Of S.oek. Sc see Fourth Page.


MoSpAr. P. NJ
The decline in the Stock market continues ana
rrcss were considerably lower. The coseners IN tue
o,ev rsrkvsis still felt and rather increasing
opor 20 state hat :he views expressed in our article ol
Edsy ast are not those of the responsible Editor and
.bat he differs from the writer his opinion upon 'He
e-ec, Of the subTreasury He considers ihs' WILL
carried out in good ai,h he productive OF great distress
throughout the commercial and monetary circles OF the
Union.


In foreign bills there is moderate business do
,s sterling is rather irner l0sGlOei Francs 5s'
~ a6;. Guilde-s 50; d39; Marks Banc0 35.@36, RiN
Dollars -. 97s!! g..
nv from, all sources for November were so 'VV SHOWING
considerable increase over November OF last year ard
gain OF about so per cent. on the local business


The earnings OF the Mohawk Railroad for the
week ending 18th December show avery large gain


Passengers -


Freight, local ,iS ~


through ..--.--.----- ~ -


Tota.....-...-.-.--..-.-sl'44tt55 - -


I,crease s63 05


For the first Is days in December the earnings Q,
the Norwich and Worcester Road have been s692s ~
sgainst 6iO 09 same is DAYS iist y''u sHu''"- ne
cess of sl2S9 II, or over 20 per cent


We have received copy OF the letter addressed
By Mr. Charles Butler the Governor OF Indiana II rea
ion 70 the State debt Mr.. Butler is the agent OF large
number of the Bondhoders and is attending the present
session of the Indiana Legislature in order 10 bring ABOUT
the resumption Of payment OF some portion OF the ~
terest on the public debt lie appears to have mex "''
favorable reception AID to have discovered IN 'he pee
ple ofIndiana growing inclination TO make an eoF 'ore
deem the State credit We ne will be completely sue
cess in his object In the letter before US ne gives the
outline of plan for The payment OF portion OF the inter
est with which the 5ondhoders would be content l! IS
very much such al plan suggested some months
since lie proposes, that three mill property taN and
poll tax OF - cents be aid which will produce enough
to paw per cent per annun the public debt up to lSt
January 1851 besides leaving Si000OC per annum tor
the redemption Of domestic debt These being all paid
by lS5l and halt mill additional tax laid the state VIII
be able to psy per cent besides leaving surplus for
sinking fund pay the principal This Is supposed TO
be the limit of taXat Is believed that alter 1891
the revenues OF the Wabash and Ohio Canal completed
TO the Ohio river may be relied on 10: the balance oil
the interest Mr. Butler ntimates that the bondAolder
are willing to operate with The State in finishing the
Canal to Evansville the Ohio. The arrears OF interest
now due are TO be paid funded in lS5l at the pleasure
of the state and the balance OF nteres, between lsi6
and 1851 10 be- also funded in 1851 at per cent II
supposed that the state raises per cent by taxation
the Canal viii afford per cent making per
cent until lS5 when the interest is TO be- paid in ul-
According TO this the entire debt and inter
est due Isl January 1851, will be ). l+5o5U on whch
the amount ofinerest per will he S157,lI6 he
above plan seems liberal and feasible and We shall be
glad to see the Legislature aGoptit.