Semi-weekly North-Carolina standard. [volume] (Raleigh, N.C.) 1852-1853, 1853-04-06
SALE OF sTATE BONDS.

We learn that five hundred thousand dollars of
,bs bonds of the State of North Carolina, adyer-
tised by the Public Treasurer, have been sold for
9 premium of over FIVE per cent The bids were
opened in New York City Thursday last, Mr.
Courts being present. The whole amount realized
is tUenty fee thousand one hundred dollars.
These bonds are couponed, are to run thirty
years, and are specially exempted from taxation
We learn that good portion of these bonds
we're taken by English capitalists.
This is, under the circumstances, most graft
flying sale. The State had just entered the foreign
market, and the time which Northern and Euro
mean capitalsts could have for looking into her re-
sources and means of payment was necessarily
limited. Georgia, with an extensive system of
paving internal Improvements, and with foreign
credit we'll established, has thus far realized but
five per cent upon her bonds, the last sale of which
was effected, we believe, by Gov. Cobb, in New
York, about twelve months since, at the above fig
ure North Carolina has thus, at one step, placed
her credit upon level with that of tbs most veal
thy and favored States. Her varied resources her
system of internal improvements, her common
schools, and her lofty integrity of character, and
that inflexible fidelity to engagements which seems
to constitute part of the existence of her people,
furnish guarantees which no one can doubt that
her credit will be sustained, and fully sustained
under all circumstances and in every emergency.
There are still to be sold one million five hun
dred thousand dollars of her bonds, necessary to
complete the North Carolina Railway. If as is
most probable, the present influx of gold from Cal
ifornia and Australia should continue, and if no
unfayorabe event should happen in monetary affairs,
we may reasonably look for a still better premium
on the next FIVE hundred thousand dollars; and the
probability now is, that the whole clear premium
upon the two millions will amount to one hundred
thousand doIIars-it may reach one hundred and
twenty thousand The unsettled condition of En-
rope is also to be considered in calculations of this
character. Capitalists there have been for some
time investing here in securities of this kind. They
tind in bonds of the States united and of the indi
vidual States, evidences of debt promptly hon.
ored in the way of interest those in any other
quarter of the world but, above ALL they realize,
when they invest here, feeling of safety which
inspires the fullest confidence and is sure to COM
mand the best premiums.
Great credit IS due to the Iubilc treasurer, MI
Courts, for the attention and labor he has bestow
ed upon this department of his duties. He has
spared neither pains nor expense in laying be-
fore American and European capitalists the
nature and value of the States resources, and of
the advantages offered in these bonds. His patri-
otto efforts have been thus far crowned with most
fortunate results. We feel satisfied that, if these
bonds had not been couponed, and if they had
been offered in no other market but in that IF our
own State, they would not have commanded more
than three per cent.