{"newspaper_name": "The New York herald.", "edition": "01", "page": "p3", "byline": ""}
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and that the excitement produced at the tmo, was aug
men.ed as much possible by those wishing TO make
fortunes out Of the depression.


Until our foreign and commercial relations perma-
nently settled there be- ut all times imminent dan
ger of these panics 1t necessary for the establish
of healthy prosperity that all causes for these
rangements should be done away with much and as
rapidly as possible and this ground all parties both in
this country and in Europe must be extremely anxious
for speedy settlement ofhe Oregon and all other oues
tions at issue.


The probability OF a resumption of yment within III e
next year. OF at least two States in the unon-Mary
and Michgan-and the great Improvement permanent
peace must produce in the value of all State securities
within the next five years will make these stocks bet
ter investment than many capitalists imagine The cur.
rent low prices Of the bonds of Illinois induced the
formation of company for the purchase of the Spring
field and Meredosa Railroad of tho State, which will
probably draw at least $780, from the market Large
sales of State lands have been made for the bonds in
dvidual having purchased $4,000 worth for that pur
pose All these things improve the finances of the State
bring about Improvements in the internal works, and in
crease theprosperty and population of the common
wealth. The completion of the canal-,he improve
mont of the Illinois river and the transfer of The
Railroad to the hands of individuals = will advance
the market value Of the productions of the State by fur
nshng outlets for the surplus There SEQ 900
railroad and lands in the State which are
rapidly being settled The population is increasing
faster tEan that of any other State the Union the
value of taxable property will in a few years be so
great that very moderate rate of taxation will suffice
to produce revenue large enough to meet the annual
demands upon the Treasury Bonds Of the State of Hi
nois of $1,000 with four years interest," making the whole
sl24o selling in this market for ss70 $3.50 less
than the par value, which is equal to about eighteen
years interest at six per cen therefore appears that
at present prices, these bonds good investment
should the State not pay the interest her public debt
before 1863 Every delinquent State in the Union will
eventually pay every fraction Of the interest arrears
their debts, and we have doubt but that the full
annual interest the debt of Illinois will be paid every
year promptly in less than ten years. which makes the
bonds of the State at present prices twelve per cent
investment.