Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1843-06-02
MISCELLANEOUS.

From The Money article Of the ". T. Herald, !hay27
The same animation witnessed yesterday at the
stock exchange in Wall street, which had prevailed
during the week. United States per cents sold as
high Is cash. the highest point yet reached New
York 6's l09 SIS do 95t to 80; Ohio 6s advanced 4;
Kentucky 6s TO I; Illinois the came as yesterday.
We have information yet as to the expectations
of the Secretary of the Treasury being realized with
regard TO obtaining per cent loan at considerable
premium; though the present high price OF the per
cents, if sustained would to favor the possibility
of his obtaining the loan, ultimately, at some
slight premium
The news of the late advance of American secu-
rites in this market, carried out TO Eng land will have
tendency TO advance their value there. And should
money continue abundant there ever, and its in
tercst as moderate ever, no doubt can exist but
greater confidence will prevail in our best Stae stocks,
and probably some corresponding improvement ensue
in other descriptions of stock.
The most important news 10 foreign holders will be
the increase the prices OF Indiana and Illinois bonds
We have before alluded TO the position and resources
of the latter State, and have to believe the
energetic action of the people OF that fertile and grow
inp State 10 meet their liabilities, and lessen their pub
lie debt will have lis just influence on the public mind
and we should not be surprised to witness further ad-
vance in its market price In the present state of in
creasinu confidence combined with the abundance Of
money and difficulty Of making advantageous invest
mepts leaves little doubt but the remaining amount OF
stock in the Illinois Canal will be subscribed for
The exchanges Of the country were never more regu
lar or moderate Al no period during the existence of
the u s. Bank, they ever on a lower or sounder
basis Hence one Of the arguments, most harped upon
by politicians for years past, in favor OF such an ns
tuition has been annihilaed by the present state of
things And that point being settled, its advocates
have nothing left to advance in its favor.
The object Of the Mission from Pennsylvania to
England is said be- request The creditors of the
United States Bank for twelve millions, to invest their
stock in the purchase of the main line of the Pennsyl
vania Railroad and Canal, from Philadelphia to Pitts
burg We do not see how The creditors can be bene-
fitted by such proposed change This line of Inter.
nal Improvement, unless much better managed than
it has ever hitherto been would ruin any holders of 1t
If Pennsylvania would at once act honorably, aud
tax her citizens sufficiently, TO pay the interest on her
State Bonds their possession would prove more valu
able 10 the creditors Of The United States Bank, than
any of her improvements she can offer IN exchange.
The failure of Pennsylvania 10 provide for her interest,
domestic, and foreign, inflicted, in the first instance,
the heaviest blow on American credit that it ever
sustained because she seemed to possess the ability to
pay without the will to do But, pay she must,
and will, sooner or later, in some form or other.