Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1839-11-19

A.yRtr,s SrrrGffIls IS THE L"SDoS MAkEEI
The following paragraph, 10 the iasi ps'hru :
Barring Brothers u 60 on The important eurJ1'
American secu,i,ies and their present degree o. sSaa
biIi,y, or rather pant OF that S1atg' ~ L'huo', =
worthy Of general attention, on olf sac OF inc "ate
The great number and amount o American sfcu'''es
pressed and pressing into the money Hsfkes %
must necessarily affect their market Sa!ue-ano his
even without say doubt 10 the ulaatr SALTY o. ne
investment or lie regularity Of the payment OF me III
teiest thereon But IN Case OF ''oVtr ISSUES oy sone
Of the twenty States tins safety and QUARRY
naturally b. drawn question: g:th The capitalists DE-
yond The A,lan..c Il therefore that The Circular re
marks with good shew Of reason that most oil Inc states
must paose the execution OF their works OF improve
ment, some general en- OF coihoihas'oh n'Hs' "
adopted = Baltimore Patriot. = :
american stocks The late loan made by the Z. ,
Bank FOR about two years snd fo S7ooopo on 0epo'e
Of peBns,lyani and other States stocks, at 4 price
which gives ~ PER cent annual interest TO lie suosc
hers siews what Of aleres, mast be paid 10 OBTAIN
any amount oi money the best American securities
and serves therefore guide 10 capitalists mere 'o'
their purchases OF State stocks We quote inc ias'
prices principal securities at which business hos
been done, but must add that even al these rates oy
small and occasional sales are practicable ne con'
tinued fall 10 their market value destroys specna"o
whilst many years will be required Tor real invest
menis TO absorb all that 10 al present IN our mar
ket We do not doubt, but that such gradual pur-
chases will continue Of the stocks OF well known
States winch do not over issue, and which aithiuiy
meet their engagements 10 thel' CREDITORS 90 the con-
led States remained undlminshed ia this country, as
well the conviction that BY such investments, Eng
land employs her annual surplus OF capital both safety
and proa5y encourages her best customer, and oihds
more closely the ties OF mutual interest between me TWO
countries But if the whole scheme Of internal improve
the Union is 10 be carried into effect on the WASH
scale, and 9TH The rapt,y lately projected AND by The
means OF foreign capital! more comprehensive guar
unee Than that Of individual States will BE- required 10
raise so large amount 10 so short time A nasioha
pledge souId undoubtedly collect capital together ison
all parts Europe but The forced sales U loans made Sc
paratey by all the Individual States IN reckless Compel
ion through number OF channels, render the terms
more Tor ali lower The reputation Of
American credit, and las reliance is almost exclusively
placed The London markel) produce temporary ms
chet here, by absorbing the floating capital! dvei'ns
money from regular business deransing banking OPP
ras,ons, and producing unnatural balance oil uaar
against tins cnunry II would seem, therefore, as II
Of the States must either pause IN the execution oil
their works 0! Improvement, some general system Of
combination mus: be adopted
Al! corporation stocks neglected. do we hear OF
any transactions ~ Bank SHARES except IN those Of The
5. Banx
We nave Inc honor 10 be your nbsdisnt servants.
Barring BROTHERS X co.