The North-Carolina standard., 1842-12-28
THE STANDARD.
wednesday, December %, 1912.
MONEY MARKET.
R.aLEFGW, W. e.


,1oarn by the latest advices from the Northern cI-
=. that money still continues very abundant and Is
I so to continue for some time to come, as healthy
h pd short credit business is succeeding to the
noturaI and excessive expansions, which were so IN
n.ntaI in producing very much of the ruin and dis
.; IN tbe country-the excrescences OF which have
In oanarally wiped and Topped off by the opera
f the Bankrupt Act-and healthy business is now
cceedug with abundance of means to carry 1t on.
IT. 6orsc-Zeech craving which engendered by the
,rons of 1885, go and 'S7 so unnatural aud en-
t,binq that few years longer continuance wouo
Iore consumed the money of the WHOLE WORLD ana
-. MORE would have been cried for. The times are
strangely out of Joint when men who have little IN MEANS
can 90 in debt for property to the amount OF tnousa"S
,u,ions in speculations in the hope of realizing
sune without labor, with knowledge that they nave
LITTLE nothing to lose and every thing to galn and they
r,o reckless disregard all moral principles Gf they
~ had ANY, and rush headlong into debt fthey sue
d attribute it 20 their extra shrewdness and Judg-
ment-ifthey fail (as ninety nine in hundred generally
M then the revulsons in the times, the maadminiSra-
finn of the Government the vile Banks, have Produc
ed it. The returning to healthy state, from so unnatu
1a one will always be attended with goOddea ot PRIV
at. distress land suffer most those who IN utter
DISREGARD of all prudent and admonItIons have
run most hcedlcssly into debts and the only and true
in
We see the S. Carolina Legislature adopted ReSou-
op on the sth requiring that immediate steps be taken
to effect total separation of Bank and State and requlr
;y the Ranks TO call in as possible, all notes
rnJr % and Ia be prohibited hereafter from issuing
any bino under Five Dollars, the only means of CIV
ng and keeping sound and healthy currency, and one
suited for the great mass of the people
Gov Carin of Illinois, gives quite an extensive eose
the financial affairs of that State The debt Sl3,
$50 39 but he only proposes 10 pay as ne
SAYS the State has no equivalent for the other
yo million and odd dollars and he good deal
bothered to know how to pay that which he does
acknowledge. This is very good morals! Let your au-
horzed agents induce people to advance IN ncy on your
promises and forsooth beca2se, afterwards, they do not
appy the money to the purposes for which the loan was
authorized appropriate it to their own use, then the
debt is to be repudated The bonds of this State are
only worth Is in the $IOO and should not suppose
that Gov Carlin's Message would tend much to improve
their value.
The finances of Georgia do not appear to be IN very
Aateriug state. The late Public Treasurer, Col Thos
Haynes is said to be deaulter to the amount OF S2O
$50 33-a pretty good sum in these times And this is
said to have been induced by private
How careful should be, in appointing men to omces
Ofmoneyed responsibility, when private necessues may
lead them astrayI sLead not into temptation" is'
PO"' AINN-'- ''NN'O'
the best petition can prefer.
We quote this week:
Exchange on N York, to 2per cent premium
Stocks.
Raj and Gas R. Road to 12 per share Of 500 paid In
vii. and Raleigh lO to 10
Bank of the State Stock 100 &C
Cape-Fear 80 to W
.Nsto York and Philadelphia quotations:
Alabama Bank Notes IL to II IL per CO. us
Tennessee &c TO
Georgia &c to 81
S. Carolina sc l-2to
Virginia &c 3-4fo
Bank United States, Notes, So to 60
Stocks.
United States per cent. 100 to IA on $IoO
U. S. Treasury Notes do do
N York State 1O3 1-2 to 1O3 S-4
6 do SO to 81
Pennsylvania 5 S5 to 40
Ohio 90 to 20 Interest payable in n Y. and
Kentucky 76 to II 5 principal rembursable there.
U. S. Bank Stock 1 to 80 cts
ga typographical error occurred in article of last
week Speaking the Bank of Cape Fear, we said she
would under certain circumstances, be able to supPorf
circulation of about 1920, ,OOo'-it should have been
$2OOOOOO