The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1849-07-25

becomes searcer and increases in value the mar
kst value Of good stocks will decline As for The fam
siss they generally held by brokers, whose
sources are, in many instances, absorbed by these
worthless stocks, that movements In the CONNER
sia world have little influence upon them any way
Everything depends upon the number Of outsiders
that be sullsd and humbugged in getting up any
speculative excitement in the fanciss Goodsound dvi
dend paying securities affected by the changes
in the money market and by the state trade than BY
any speculation among the brokers' and therefore
better for temporary investment Changes
be made and capital withdrawn when it Is in good
stocks, without loss but when money put into fam
ey stocks knows where it is whether the
whole will ever be realized again. The probabilities
are, that when he wants to use his money for other
purposes, sacrifice to greater less extent, will
have to be submitted to. We have known many in
stances where these fancy stocks have been held for
years with the hope of getting out whole and where
finally heavy losses were submitted to- under the ap
prehension that the longer the delay the greater the
loss that 1t is matter Of extreme establishment to
that an individual Of means be found with sufi-
cient to rest night quietly with such stocks
in his possession The spirit Of speculation in years
past has ragged violently that people have blindly
and reckessy taken hold Of everything and anything
with the full belief that large fortune would be the
result Of their operations. Now, public attention is
turned to investments in good SAFE regular divi
dend paying securities and the legitimate operations
Of trade Regular dividends Of six per cent capital
and moderate but steady profits in business,
more satisfactory than the temporary large dividends
of some railroad fances the precarious profits
OF speculation.
The bonded debt Of the State Of Alabama according to
the report of the Committee Of Ways and Means made
TO the last Legislature to 555 bearing
annual interest Of S469 657 So divided follows
S349 555 S. payable in London 81 69 0oO payable in
New York; and 81 oooo 600 payable in New Orleans
The liabilities Of the State other than for bonds
which she is required to pay the Interest annually Is
the University fund amounting to $3.50 0O0-which
was made permanent charge on the State by act
Of the last the sixteenth section fund.-
the total amount of which is 1865 3sl 90
The annual liabilities of the State, according to the
most reliable returns, annexed
STATE oT ALABAMA-AsSUAL RESOURCES ErPEs-
DITuREs.
Liabilities.
Interest State Bonds. ........... .s469,657 so
% University fund. ....... Is 900 90
bixteenth Section fund. -. 52,509 40
Annual charges of State gov mt, say. 100000 90
Total Of annual liabilities. ..... 500, l67 20
Resources.
STATES thXes S4l4 l1O OIL
Interest on $4,000, 600 good debt
due the State Banks, being
amount reported by Messrs.
Lyon, Clay and Cooper, at
the last session OF the Legis-
lature, estimated at. -. 160 900 o0-$574 175 81
Excess Of liabilities resources =. $50 991 65
To which add annual expenses Of State
Dunh oo'sst 10
Total deficit ....... Sis ose IS