Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1841-03-25
ofgroceriEs; and are disposing of them at
4 as low pfices as possbie.--Journal.
{ Frdnfhe Georgia Cons.itu,ionalist

.E ~ -, AUGUSTA, Morcn 10.
Cation. IThe'busincss done In this=article.
duriug the,past week has been very moderate
and the Quantity arriving, owing 10 the bad
condition Of the roads since the recent freshet
80 yery small, that the market has been but
noorly supplied. The demaud also slackened
yery much.as dealers in the absence OF intelli-
cence fronsany Of the important markets OF The
country, (alI mail communication being cut otr,
were unwilling TO operate. The sales which
were effected. were principally in warehouses
Mt rates ranging from 10 to 1Iic., principally
1OS to J II cents. ~,
Erchangs.-Ii giving The following weekly
table Of onr exchange and money markell we
will observe that we have seen with surprise
in some papers ofihe interior, comments III re.
gard to therates ofbank notes in this city which
appear to us erroneous and mnde without due
reflection. Onr country friends express sur
prise at the bank notes some country banks
paying specie being at n discount Willie the
notes Of the banks nf Augusta are nt par. Our
cnnn,rv friends did not reflect. that Augusta
furnishes exchange on the north to large por-
ton of Georgia, and that this exchange can be
obtained atl1 per ce1t. premium, but TOR spe-
Gle, or bank, notes thnt can be converted al once
into specie in Augusta. The notes Of the banks
of Augusta, or the notes Of the banks Of South
Carolina. .an be converted into specie at once,
without trouble and expense hence such notes
are equal .tospecie.-Not so with the notes of
the country banks paying specie. Trouble
and expense have to be incurred to convert
such notes INTO specie. 4 merchant who wants
a remittance to the nort, OF one thousand dol.
lars. can easily obtain draft at II per cent.
premium. it his money is in Augusta bank
notes or in specie. But it is in country hank
notes, how cnn he obtain a draft7 He may
have that sum ofone thousand dollars in notes
of two or three banks. To realize the amount
in specie. he has to take The trouble to send n
gents to tho different banks in the country for the
specie, for it's seldom that those country banks
are prepared: to supply checks on the north.
The merchant then, placed under snch circum.
stances, prefers to sacrifice toe per cent. in
order 10 obtain al once the means Of meeting
his engagements in the north.-We beg our
country friends to reflect upon this brief e1.
planatiorl, and we are sure they will find that
their comments. were premature. However
we believe tlatthe present wretched condition
OF our currency could be improved. If there
was a good, understanding between all the
banks of the State, and if by mutual arrange
ments and concessions, the notes Of ell were
taken under certain conditions. The following
table is on specie basis:
South Carolina rar
Augusta Insurance and Banking Comply. q
Bank Of Augusta,
Branch State Bank of Ga. at Augusta, I"
Agency. Bank of Brunswick,
Branch Georgia Rail Road, 4"
Mechanics Bank,
Bank Of Darien& Branches, 10 a l5per ct. dis.
Bank of Hawknsville, IA &c
Bank ofSt. Mary's. 6 q
Bank Of Milledgeville, 6
Bank of Columbus, ia
Bank of the State of Ga. at Sav. I"
Branches ofdo. in Athens, Mil
ledgeville; Washington, Eat
tonton and Macon, 6
Agency Of doiin Greensboro, 6
Bank of Brunswick, E
Commercial. RgMac 5
Central Bank ia, 14a16
Central { r IA 81; sav. s i" /"
cts5''tsSshs cs'' esiai ::hA's IA
Georgia r. r DH. - eethens, IA
Insurance Bank Of Columbus, at
Macon, 6
Marine d Fire Ins. Bank, Sav.
Branch of do. Macon. 6
Monroe R. R. g. Bkg. Co. 40
OcmuIgee Bank, 6
Planters Bark Savannah, s
Planters G. Mechanics Bank Co.
lumbus, Ia
Western Bank, ID
RuckersvilIe Banking Comply. IA
Drafts on New York, II per cent. prem.
Charleston, par a
Savannah, par l dis.
Philadelphia, 3a4 dis.