The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1852-04-10

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hanne,s. The hsh rates Of interest realized ,n.se n,
emans are exceedingly attractive to tb 90 who have
heretofore been used to the low rates ru IN yurop.an
ksts and confidence In the saf| - ,ho .,,ols "a
ay Increasing II Is impossible &c .,n, , .orrca. idea of
the probable extent Of futurs, oncrat;ocs 8, them
Dur own capitalists arc not ,;s,asa, IN sell, exoeut
hrse advances an with that, there is very
"Ne "spesi'o" " :" Ansfer Investments. Money ia
eha'p anu f'e' tlat it is with the greatest diff
fu'y s"p''". ~ find employment, even temporarily,
"s"' 'aN II interest, and It Is therefore only
'"'e' leSe parties compelled to realize, that
purchases be made Railroad bonds
q by a first mortgage on all the property NOV
- and immoyable Of the company II properly
Issued and have taint of usury, sound SOLID safe
tnvsttpcnt and must ultimately absorb immense
amouat foreign capital Most Of State stocks
we'll this ,kle of the Atlantic, and cannot be pur-
chased in any quantity at anything Ike current quota
tons United States securities already largely held
str0ad and mail lots occasionally picked up for
mistance.
Within a sew weeks past have noticed a movement
In the legislature of Of repuaiang States tend
ing to reyval Of that portion Of the public debt which
has for many years lain dormant We allude to Mis-
xsspPi Some time since published tho pro ceedngs
N the Legislature Of that State relative to the Planters
Bank bonds bill introduced into the lower House
tanned provision that IL should be submitted to the PEG
pie for ratification in the Of its passing both houses
Of Tho Legislature and receiving the approval Of the CO.
vernon. That bill passed the House. but defeated In
the Senate Although this may be the last Of the
mt for present session something has been gained
The lower house Of all legislative bodies is the most
direct approximation Of the people, and the fact that this
Planters Bank Bond bill passed that body is In our
opinion. good evidence in favor Of the ultimate recogn
of Tho cla fah h.
State. The people all right th. question: and not
only Mississippi. but every other State in the Union
will before the lapse Of many years rise superior to the
prejudces which have long existed regarding the
additionally, legality &c., Of these disputed claims and
redeem their credit and good by placing them
ths tsRa d just claims upon their treasury Mississippi
with all the odiun that has been heaped upon herewith oil
the people have been guilty Of in setting such example
with a the discredit that will cling to her member Of
confedcrncy for fixing upon the Union the stain Of
pudaticnwith the failure Of the last and many previous
efforts made to wipe out the disgrace strongly attach
I'd TO her namewl be the first Of the aihonored States
place herself among those which have at every sacr
fce and every hazard maintained their credit and
putatien. The crime Of reputation Is too great-too
disgraceful-to bear up under Livery citizen Of every
rspudiatng State feels 1t when travelling abroad and is
ashamed to own himself a member Of such community
At home it IS often enough alluded TO and deeply enough
felt, to be particularly unplearant but in Europe It
sneets at every turn and is daily becoming
snerous This feeling will ultimately work out the
Aemption every rcpudating State in the Union has
already accomplished much-so much that IL the Ques-
tOn submitted directly to the people of Mississippi
TO morrow the Panters Bank bonds would b. acknow-
lodged and the claim entered upon the books Of the
sury as valid and binding.
The Finance Committee of the Virginia Legislature
reported the following statement Of the indebtedness
ii the commonwealth, on the both Of March last -
VIRGINIA Starr DEBT
January !. bonds registered in the Office Of
the Auditor of Public Accounts ........ S793,l4s II
Bonds registered in the Second Auditors
office NEUTRALITY-SUSPICIOUS.. l2G3osll a.
Xonds funded since January l. lS52....,. S596l7 90
Total funded debt Goth March, 1852. 4,312l74 81
A mount Of valid subscriptions 10 companies
organized before 3oth September, 1851 1887 1928 Is
amount Of valid subscriptionsto companies
organized since 3oth September lS5I 2g472o 90
Funded debt and valid subscriptions. E,0l4S23 %
Amount OF subscriptions authorized TO CON-
pnnics not yet organized ............ 1872 eco 90
Amount Of bonds guaranteed by State as
surety for corporations and joint stock
f0angtmes s.tCl,s,a w
TOTAL S1Zo1S,1b7 90
There has been rapid increase In the public debt Of
Virginia within Tho past twelve month"; but 1t has bsen
prineipnny for the purpose RI developing the internal re-
curces Of the State, and giving impetus to the OK.
tension OF internal improvements. There il no state in
e Union richer in minerals than yirginla but In the
bsencc Of facilities for irayersing the saten getting
from part to anothor--ihc mineral wealth has not
available. In lending s credit to private companies
nr constructing railroads and canals. the State has
paoptci wise policy, il not carried too far.
The anne xrd statement exhibits the quotations in thjs