The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1839-07-18

Ii
he sleeping hours aEsilsble. Last nighi
falling asleep in . search for materials Cor
for The next days Star. owing IN lhs
desrlh of news ~ home and abroad, we
dreamed that he steam ship had arriE-
ed. bringing intelligenes 10 he Ism IL
slant. thar - We pass through Wall street
Ne discovered upon the eOunienanees Of
all = degree Of eonienlment and placidiiy
which Ne have not observed for q long
time. We viii not say IL VAS The sxhi-
bilion Of unusual Pleasure-il seemed 10
indicate thai the final catastrophe in trade
had been a. length deFtlaped-lhat IL
Vas neither ruinoas in lis consequences.
nor. upon The whole. unlasorable 10 the
great interests Of the c0untry-ihat The
Bank 81 England. the great money re-
gulasOr Of Europe, had again filed her
golfers with cola and bullion 10 an ex-
tent which caused them 10 feel confident
aud secure: in word, upwards Of one
million sterling had been advanced since
nur last adsires- that cotton had fallen
about one penny a pound. buI al tina,
rate the article VAS brisk Of sale and ra-
pidly entering into active consumption
that The political difficulties in France
had been partly removed b. the ssgaciiy
and address Of Lnuis Philippe, and that
trade on the continent was FeTiSing; up
on the whole IL appeared 10 Us that our
people were salisfed-Ihat thnse Who
had not gone too FAR in speculation would
be able 10 retreat without absolute ruin
that our ships were again in preparation
for profitable employmenl--lin dreaming
you know time passes rapidly oEer.l-
that The cotton bags we're rolling out Of
our warehouses. where they had been
collected 10 an unusual extent-thal our
own money market became forthwith re.
Iieved-ihai men walked brisker. talked
faster, and looked more gay and lively.
This was only a dream yet some.
times We becCme supersii,ious. and give
to dreams the character Of prophecy
Let us wait and see how far The result
may prove confrmaIory in Ills case.
In The vagaries Of the mind ue found
ourselves on Change. in London, amidst
all The congIega,sd hustle of that mighty
metropolis. We met several Of our old
companions and friends there-among
others, that man who, whether he plays
Banker or Lawyer. attracts attention for
his skill and capacity. Mr.. Jandon also
passed; his HAIR appeared Iillle more
silSery Than when we last saw HIN. A
little further on, aud our slienliun was
pointed TO several individuals Who we're
exhibiting Tor sale American Stocks aud
Bonds. which we at once recognized
from the beauty Of their execution and
the firmness OF the paper.
We asked one OF our old fliends, con.
,ersant with al these affairs, what was
thought of I'ese agents and their src1n
ties OIL The London Change! lie an
swered, do yum take rs for fools! Do
you suppose that we do MT know that
there are within the limits OF Illinois, a.
lone, greater Sources nf wealth than are
10 be found in this rich aud papulous
island! Do you suppose tina. we d. not
know that the Valley Of the Mississippi
Is capable 81 sustaining q greater popula.
ton than Ill Europe. and tia, the pro.
gress Of commerce aud emigration is not
gradually but rapidly transferring large
portions OF the wealth Of the Eastern To
The Western Continent! We al know
,his, but your agents are like young men
in trade, anxious 10 elIec. negotiations.
and 10 part with sound securilies, al de-
precia,ed prices; il is our harvest now.
Your rage for speculation ani inme.
date improvement carries your wants
beyond your means. and we mus. make
hay while the sun shines" Laughing.
ly, he continued. "Do you suppose that
IN cashing these securities. you are bor-
rowing British gold! No. not sO--you
are borrowing only BRUSH credit. AMI we
are masking you pay Tor il. Why, the
amour. Of gold which you obtain in sll
these transactions, is not equal u the
gliding upon our new Synagogue. We
allow you to value upoa Us. but We pay
the draft in your own property. NOV
is it not strange" said he, THAT John
Bull, labOrlng under a national debt ol
eight hundred millions sterling, created
by wars, and no, in making improve.
men's IN the couniry--paying as we do.
an annual interest almost double our
mount Of buIlIon--saoulJ still be consid
cred the great fundholder OF the world
indeed, by the Discreet, aid a. the same
time widespread use of uur credit. we
max. The great commercal world pay The
interest on our national deb, and at the
same time Gil The pockets Of our bank.
ers. manufacturers and merchants.
'rn-y say the Yankees are cunning.
| have never been able 10 discover it ;
with the immense resources which they
have; with an amount uf agricultural
product. unequslled in tile history OF
The world. they yet have no. learnt 10
hulli IN a system nj credit uuon their