Semi-weekly North-Carolina standard. [volume] (Raleigh, N.C.) 1852-1853, 1853-02-12
TIE STANDARD.
RALEIGH, SATURDAY, FEB. 70, 1858.

We publish to-day the advertisement of Mr.
Treasurer Courts, offering for sale S 100000 in
coupon Bonds of the State of North Carolina being
the first instalment of the So 600 900 for the North
Carolina Railroad
MIR. Courts has latel visited Washington City
and New York City, with the view of advancing the
public interests by an advantageous sale of these
Bonds. Lie has spared neither pains nor expense
in placing before the capitalists of the Northern
and Eastern States and of Europe, the financial
condition of the State and Ler vast resources and
judging from the notices of his efforts which we
see in the New York journals, we have no doubt
these efforts will tell quite favoraby on the sale of
these Bonds.
We copy from the New York Mercantile Journ-
al and Financial Recorder the following notice of
the financial condition of North Carolina, elected
by the late Report of Mr.. Courts:
1.-The finances of the State appear to be in a flour
shlng condition the accounts show that for the pur-
pose of internal Improvements $4,000 of State
Bonds have been issued within the last two years
and during The same period besides dscharging the
ordinary expenses of the State including the interest
her debt the of $4,000 Of the debt has been
sXtinguished, and large advance been made in aid
of the public works, amounting in the aggregate to
sum considerably in advance of the Bonds issued
The present debt Of the State which interest is
payable does not exceed 81 100000. The estimates
show, however that authority has already been given
by the State the creation of further debt of So
100000, by the issue of bonds for the foowrg sums
and purposes $4,000 for the Seaboard and Roanoke
Railroad Company, being one-half of the sum nee
essary to complete a connection between that Rail-
road and the Raleigh and CASTOR Railroad, and $685.
600 for the Improvement of the navigation of the
Neuse and Tar Rivers, and So 900, 900 for the North
Carolina Railroad.
The whole of the improvements protected and aid
ed by the State rising rapidly in value. The Will
mngion and Raleigh Railroad is paying good divi- |
bends the Fayetteville and Western Plank Read of
which the State tAreeffths of the stock is |
equally profitable to the stockholders; and the RAJ.
eigh and CASTOR Railroad, after having long been |
drain upon the Treasury. promises fair remunerate
all the advances made therefor.
The Treasurer suggests that the Bonds of the State
in future issues should be Coupon Bonds - and not
aspreviously Regisered and he reasonably ar
CUES that the premium likely TO be obtained for them
VIII be materially affected by the action of the Legis-
ature In relation TO the form of Bond to be issued
and also upon the point at which the principal and
interest be made payable.
There Dug ht to be no question respecting the form
to be used; no fnancer in the present day would
dream of issuing 100000 of Bonds without adopt
Ing the most approved method now in use, that of i
rendering them available the capitalist as Bank
note. The facility with which they can be convert
ed, the with which the interest can be recev-
ed are material considerations that largely into
the computation of their marketable and value
both as hoailng and permanent inVe 3ment. There.
fore the statement Of the Treasurer, That Bonds SO
drawn bring much better price than those of the old
form issued by the same State; and if North Caro-.
lima desires that her Bonds should into fair |
competition with other States she should not only :
adopt the form as they have done, but should like
most of them, make hers payable in the city of New
York, the great monied of this Continent, and
with which foreign capitalists have free and direct
Intercourse" should have much weight with the
Legislature" lc
The recommendations of the Treasurer to the a
late Assembly in relation to coupons and the pro- n
vision for paying the interest in New York, were
promptly acceded to and carried out by that body
We mig hit quote from various journals of New Ii
York City, which have spoken in highly favorable
terms of the and character of the State
but it is unnecessary that should do so. t.
The mineral resources of North Carolina are b
alike varied and exhaustless. Gold, silver, iron, W
"copper" coal, marble mari, lime salt, and precious ii
stones are all to be found within our limits and in
the water power which might be brought to bear is
and which will be, sooner or later, quite equal
hat of any State in the Confederacy. In addition 81
% this, the turpenne crop is increasing both in to
quantity and value; and the same as to her tim W
Der, which, with the tupentine in its various states P
must always co nmand the cash in home and for til
,gn markets Greater attention is also being oiy- &C
IN than at any former period to the cultivation of p
he earth-agrcultural societies have been formed VIC
n many of the Counties, and growing interest II
this respect pervading all quarters of the State
Our corn, cotton, wheat, and tobacco crops are tn
teadiy increasing-labor of all kinds commands an
air prices and, in word, aspirit of improvement tn
nd regeneration is abroad which is new to the pa
State, and which holds out gratifying prospects in
he future. in
Our State debt is quite small when compared w.
With resources; and no one even Dreams wha t.
yer this debt may be, that North Carolina will ne
yer repudiate We have no doubt that future at
legislatures will adhere to the sound policy which
thus far characterized the State does not be- wi
ONE us to boast Of our State but we may be -
ardoned when say, with all Difference and re- sis
pect for other States, that State whether of no
ncient modern date stands higher than North tel
arolna stands for integrity, honesty, and fidelity thu
} her engagements. What she is in this respect, me-
re feel confident she will continue to be- and no pr
apitast CAN, therefore, have any the slightest fear ho
the result when he vests his funds in her Bonds s
ott
LAND WARRANTS. Thompsons Reporter, pub
shed at New York, says: Land warrants have
sen rapidly and have now reached so high Gig
L II I