{"newspaper_name": "The New York herald.", "edition": "01", "page": "pNone", "byline": ""}
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uDufn Rochester H. H. LOG al08 LOG al08 l08 al03la


Quotations for government stocks have fallen of since
the departure Of the last packet Notwithstanding the
increase in the interest them for the intervening Pc
riod There has been decided Improvement in quota
tions for Ohio 6's and Pennsylvania 5s On the first
named stock there has been accumulation of nearly
three cent interest," and the sales made now carries
that interest with it. which reduces the of the stock
to about o65 per cent three and half per below
par The improvement in Pennsylvania SIS has been pro-
duced by the probability of the scmiannua interest due
on the LIST Of August being paid maturity in FULL in
cash The Treasurer Of that State has within few
weeks past been making great efforts to raise sufficient
funds to meet the demands upon the Treasury promptly
ON tie st OF August and induced to believe that
he will succeed in doing The Treasurer certainly
deserves much credit for his activity and udcious man.


agemen of tho finances of the at this critical
period, and should he succeed in sustaining the
credit OF tho commonwealth by maintaining the re-
sumption Of payment, he will be fully entitled to the
thanks OF his constituents There is at yery
little doubt but that the payment of the August divi.
dcnd being made the future payments will be met
punctually and promptly. Tho increase in tho an.
nuai taxes OF the State, after the, first Of August


and the gradual liquidation OF arrearages, as the re


sources and prosperity of the people increase will be
sufficient to enable the Treasury, at all tines to meet
the demands upon it, No State in the Union is growing
rich so rapidly ns Pennsylvania Under the operations
Of the tariff from the protective features Of which Penn


syvania is more benefited than any other State its
mineral resources are becoming rapidly developed and
the taxable property of the State must in few wears


reach amount greater than any other state recurring
but the most trhing rate of taxation to produce
to meet the current expenditures of the
ment. The Commonwealth Of Pennsylvania SO far as
its finances are concerned has its darkest days


The experience Of the past, with the many evidences
daily presented Of the exravagan expenditures Of former


administrations must exert wonderful influence upon
all future legislation in relation to financial matters and
bring about system of economy which be attend


ed with the most gratifying results. While economy
must be the order of the day in expenditures the reye


of the State must be steadily improving under the
present rate OF taxation merely from the increase in the
value ofpropcr'y The public works of rennsy
gradually but steadily increasing in productive
and must in time become source Of great revenue
10 the State and relieve many descriptions of property
from taxation. Every year, almost every month is
strengthening tho financial condition of Pennsylvania


and il by any management the payment of taxes to an
extent sufficient to pay the August interest can bc anti


cpaed the credit Of the State becomes firmly establish


cd, and its stock once more good investment. The
quotations in the above table, for Pennsy vana 5 rule
Of 70f per cent deduct from this two and ahalf Der