Indiana State sentinel. [volume] (Indianapolis) 1841-1853, 1850-08-15
NO. H..
London Correspondence of the sentinel.

LONDON, July r. 1850.
American stocks in general too high in price or at
least not likely go any higher, and already there
is complete lu in the market. OF the whole of them
the only offering bonus for investing the present.
prices, is your own Indiana State per ets selling
in London at 20 per ct, exdivdend, and valuing the
dollar at the false price Of four shllnrs and sxpence
sterling This stock and the wo-and-a-half per cts
are thought very ayoraby of but unfortunately we are
extremely ignorant Of all the details of the resources of
the State: have in vain sought for a copy of the
Auditors Return, indeed for any financial accounts of
the condition OF the State even Of an abstract show
ing the receipts expenditures of the last ten
Another piece OF information sadly required, is
ment showing that the State will he able TO meet its in.
creased engagements in 1853 when the full interest is
payable on the stock and also when the a-haf
per cts Degn 10 pay interest Ii wOud be folly to sup
pose that the price of Indiana Stocks will range at fair
quotation with those of her sister States when can
not learn anything about her, As rule am sure that
the holders of the certificates issued for the Canal
Portion at the time of the conversions the holders
sn and will continue to be until they obtain in
hnely better prices for them Here again the veil of
darkness overshadows and until the printer
1T we cannot form estimate of the value of the
property, though we feel certain II is improving.
Ii one could look into iuturty should say that the
prospects OF this country favorable could be
wished by her best friend England has escaped from
the turmoil of the Continent and become the repository
OF its wealth which is being employed in legitimate
operations free from all those specuatons which have in
former times always accompanied any plethora of wealth.
Money is abundant, being only twoand-a half per ct
per annum, on first class bills of exchange though for
any other description of security such as mortgages
Is the iul legal rate of per CT this is Just it should
be- as long as the bankers continue lend their
on security which is to he realized in few davs,
or weeks at most there is very little fear of ANYTHING
occurring which derange their affairs dwell upon
these facts because long the bankers of London
are IN sound position, the merchants must restrict
their operations to real business and therefore all
tracts and negotiations entered into between foreigners
and this country will be carried out The spring was
very backward hence the wheat brought rapidly
forward to be aerward injured by the late frosts and
we may safely hope for abundant harvest for the
summer has been beautiful summer, with occasionally
warm rains and hot DAYS. Apparently this year
shall have wheat TO spare and therefore YOU must be
content TO send your crops to this country in the form
OF cured provisions for that is the only shape shall
require them in.
have often wished that could he a little bird the
of large proprietor of slaughter house, Cincn
nat inst that might assure him that we English
very different class OF customers from the OF the
Southern States. London Mechanic will not put into
ms mouth piece OF bacon cured meat which IS not of
the BEST and he always pays ready money the shop
keeper dare not play him any tricks, he would nia
bly, lose him from that instant All the rapidity with
which large hog is killed. scalded cleansed, up and
barreled in your 0calitv would he regarded by the
English, inst so much waste of Gods gifts. One
of the handsome shaped joints which grace
Londoners dinner table arises from the fact that here
animal is lonted until he has hung sufficient
time become quite cold and hard: an Ennshman will
pay for what peases his eye well for what pleases
his palate, feeling sure that ugly, unganly piece Of
meat. at which the mind revolts will never please the
appetite You hear enough of the poverty and misery
in this country but offer London beggar piece of
Indian bread and he will n certainty refuse il
and perhaps fling it in the gutter before your face. The
class who would buy American sated pork will not part
with their money unless they purchase much
superior article any vet forwarded from the States
excepting few specimen casks. The first in this
department of the trade viii secure large business.
STERLING