Mobile daily commercial register and patriot., 1841-11-16

The Charleston Mercury hasau article that is fnt
 illustration of the superiority that State has main tained by the honest conduct of her banks. In con rastng the value of her bonds with those of Georgia it says:
 "The per cen; bonds ol this State are Tn demand here at s103 to IDA per l00 while those of Georgia bearing also 6 per cent interest, may be purchased either here or jn Georgia at about 65 per HOO Whata conlpent this is upon the folly of that shor sighted policy that sacrifices honor pt tbe shrine o temporary expedIency. For the loan of S65 for 3( years, Georgia pays 6per cent per an, interest or S100. : t-- $tS0
 and repays $loo for e5 borrowed, s5
 sg 1qs4 a7a s2l5 Interest on $65 for 30 years at II per ct. 2l4 50 So that Georgia pays II per cent for the use of
 ney. South Carolina on the cu'rency, for an C.
 gual term would get $i0a for paying interest on . Sl0O-say for thirty years, isO But would receive $9. and interest on dol
 for 30 years, a bonus of 5 70 ss 46
 Interest," '..'' aai Sl7l 50 or $b Taper cent per an liitie more than one hall of what Georgia is paying, Then again lpok at the diersnce of the people in the cost of consuming fo- reign productions. h Augusta, until very recently, the premium, of, exchange on Charleston, or in other words ile depreciation of irrfdeemable taper was
 
 l2 to IA per cent. This is precisely much added to the price of goods, and much more exactly do tue people of Georgia pay for the goods consumed by them than the people of Carolina What an enormous item this must be upon the entire consumption of this state for the last two years,
 There is another view of this subject which is not less striking and important thus,: 7irrE -. "In s. Carolina not single instance of default has ,lr;no all tlie troulla, have marked the last four years. The Ieople, per- suaded that there was remedy in Bank to repai,sthe loss accustomed by extravagant living or nordnate speculation, ceased look to the banks for any thing but sound currency, and instead of couraging and upbolling banks in suspenng. in the hopes Of borrowing more money, preferred to go to work to the money, or resort to economy save it. Hence their independent and uncomprom sing determination to have good money. The hanks, to do them justice, have honestly seconded the wishes of the people, and our currency is firm, hanks as frm, and onr merchants comfortable and pros porous in their business any in the United States Charleston funds are at premium in every atate in the Uniop sugtb of New York. The consequence IS that it conceptrates bere the prouce and goods ne- cessary to the consumption of every southern kets that can conveniently reach us because those who ship their goods here can make ter calculations with certainty as to IbB feiurns Geofeia buys More largely of Groceries and Dry Goods in thus market than she has ever done before, and North Carolina, Alabama and Tennessee, have also become large GUS. toners for the purchase of goods. This indebted- ness for the purchase of goods, creates the necessity to sepd produce here in discharge of the deht was exhibited ip ihe trade of te past year, when Georgia exported &, 900 bales of cotton, and South Carolina l6l 000, nearly double, q large DOT. lion of the production of Georgia being exported from CharIeston. Thisresultis inevitable, and SO important has this c,ty now become as the standard ,f yaie in Georgia, that the banks in the interior ire actually requiring tue bills drawn Savannah against shipments of cotton, to be made payable in Charleston" 's, rs s.stast -}.t3tf