Financial and (Omnncrcial.
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The New York Herald Of the lst inst, has the
following observations in relation to the Revenue
Laws &C.:


This is the day on which the Compromise Act
was to have come INTO full operation. The neglect
of Congress 10 provide by law any regulations by
which the duties were to have been collected, has
thrown upon the executive the respons biy OF pro-
vidIng for the contingency. The lateness OF the
hour at which Congress acted upon the SUBJECT, mas
compelled the several collectors TO postpone until
the 5,h Of July the receipt of any entries OF goods
by which time the instructions OF the President Will
have been received. By the existing laws, no duty
higher than ~ per cent. be collected, and that
rate to be valued the cost OF the goods with all
charges added up 10 the moment OF entry instead
of on the foreign cost only, heretofore. ms
will make the new 20 per duty equal TO about
30 per cent as heretofore levied. These duties VII
probably be paid IN under protest. and IN event of
the suits being decided against the Government,
must be reimbursed.


This viii probably be better for the government
than any tariff that could have been devised. These
duties will, no doubt, yield the highest amount Of
revenue that in the present state OF affairs can De
collected The proceeds will all come into the
treasury for the use of the government. And the
present Supreme Court is OF n character that Will
be governed by the spirit Of the Compromise act,
and the necessity Of the case, rather than 10y the
political clap traps that have governed paltry egls-
lators. Strict Justice would decide III favor OF The
government.


The state Of financial and commercial affairs is
one Of great peculiarly at this moment. Many
articles Of produce, lard provisions, &c are IN
demand for shipments to England under the pro-
posed reduction of duties by Sir Robert Peel Lard
was formerly charged Ss, and is TO pay 2s his
large reduction has given an impulse, but not IN


large degree as the matter not yet definitely set
tied These movements form the chief business
now doing, but the operations are not oi suihceht
extent to cause any demand for money. The i'm
porters are perfectly at fault; they cannot enter
into any enterprises until the action OF Congress
upon the tariff question be more clearly shadow
ed forth The dealers in woollens, and those arti-
cles which have heretofore paid high duties, are
particularly anxious, because If no new tariff oil Is
passed before the extra session, and 1t now seems


highly probable that there will not be any perfected


no duty higher than 20 per cent can be collected


and the power collect any duty is proolematicai


CASADI.S SCoMMERoE-Englandd don't purch ase


anything from this country, say the lerIihteS he
following were the clearances of produce from Mon
treal IN one week for Great Britain =


e Mo~rpEM-C1rARED SEA, lH TO 1HE 2OrH o