We examine the nature, number, and interrelation of conservation laws in th
e one-dimensional Hubbard model. In previous work by Shastry [Phys. Rev. Le
tt. 56, 1529 (1986); 56, 2334 (1986); 56, 2453 (1986); J. Stat. Phys. 50, 5
7 (1988)], who studied the model on a large but finite number of lattice si
tes (N-a), only N-a + 1 conservation laws, corresponding to N-a + 1 operato
rs that commute with themselves and the Hamiltonian, were explicitly identi
fied, rather than the similar to 2N(a) conservation laws expected from the
solvability and integrability of the model. Using a pseudoparticle approach
related to the thermodynamic Bethe ansatz, we discover an additional N-a 1 independent conservation laws corresponding to nonlocal, mututally commu
ting operators, which we call transfer-matrix currents. Further, for the mo
del defined in the whole Hilbert space, we find there are two other indepen
dent commuting operators (the squares of the eta -spin and spin operators)
so that the total number. of local plus nonlocal commuting conservation law
s for the one-dimensional Hubbard model is 2N(a) + 4. Finally, we introduce
an alternative set of 2N(a) + 4 conservation laws which assume particularl
y simple forms in terms of the pseudoparticle and Yang-particle operators.
This set of mutually commuting operators lends itself more readily to calcu
lations of physically relevant correlation functions at finite energy or fr
equency than the previous set.