The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1843-10-06
Total falling dino in 1914

Total falling due in 1874 SIOla 900
Alter which there are no bonds maturing before 1855
and the balance OF intervals during the succeeding
years The bonds maturing year are those denomi
mated short bonds' bearing per cent interest The
other bonds Except 100000 due in 1850 bear per cent
The interest is payable semi annually
The next legislature will decide whether these bonds
will be paid or renewed according to their teAor Thus
Alabama notwithstanding the unparalleled evils nfic
ed upon her by the banking system has never for mo-
men altered in her obligations. When the banks were
put into liquidation the specie hand was hurried to
New York to take up her obligations in advance-taxe
levied TO meet future the outstanding
paper of the banks rapidly absorbed for the debts due
Within the year the circulation has been reduced from
$25OOO to 81 $50 OOo and over are due yet
from the people TO the banks Under this operation the
money must constantly get better until it is entirely alb
Dorbed and specie has supplied its place currency.
Another year will effect this But at this juncture few
cotton spectators controlling the Bank Of Mobile, come
forward interfere with the whole course of trade and at.
tempt to substitute those of people who
among all the disasters attending of the greatest re
vusions of modern times have undeviatingy
their obligations The grotesque folly of such PROPOSE
ton has parallel only in the sangune arrogance of the
Spanish character as exhibited in the person OF Michael
Carrera during the Pennsuar Carrera was popu-
lar chief at the head of about 1000 beggar without arms,
and starving, opposed to Marshal Ney marching the
head of 80 900 the CHI DIGEST troops othe EMPIRE which
formed the magnificent vanguard of the imperial army
Of 100000 pouring the Pennsular like deuge con
querng and to conquer Under such circumstances Car
sent flag to the French Marshal with offers of en-
ploy if he would desert TO them The State of Alabama
having passed through ordeal which crushed Penn
syvaps receives offers from three cotton spectators
supply it with their promises as circulating medium
The trick will no. answer. The people their
guard and the state of opinion is evnced in the following
extract Of aletter from Mobile:-
The Bank OF Mobile hes been generally disappointed in
the cou Sc ofthe currency since February
raj tendency las been improving one and she
tedwth her depofes which the means she had on
the decline OF the currency she purchasing
and much Of It at high rates. upon yerv birh
rates during the summer when she might realise in time
topay depositcrs as they might call their The
close OF the business season. and make pro6,
by this use Of the deposite In this she has evidently
been disappointed Her resolution months ago that she
would refuse the currency the LIST October had I'm,
little effect to deprecate IT, because there has been
supply Of exchange out DOORS and we approach Oco
ber instead of any depreciation, Improvement in the
rency is going on 1t is the most common opinion we
think, that Alabama money will improve materaiiv
during the season. IL the planters receive it as hereto
fore, il must improve"