The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1853-11-09
State Loau.-It i. NJ mart n u


State Loau.-It il M part of onr
business. (says The North Car.lina
STAR to defend the political complex.
ion ii the. present State Gn,ernmrn,.
or If an, Of its officers bur We are At
all timss wiling IL slo justice 10 the
official acts ~ any onr. ho~rser We NAV
diIier from him ia our views of party
politics. Some lille comment has
been made upon the manner in ahish
the late State loan III S5O0,O00, wa,
managed, b, the State Treasurer. We
SAID at The time, aud We nav brlir,r,
that the sale Was good one under tie
circumstances. We cop, the follow.
ing from the Post nj this CITY, one pf
whose e,iitpr> was present ut the oprr-
Ing u the bids 10 the Bank 81 the Re.
public:
We src that unr or fwo II 81
journals ID, they are mortified Il h
late sale Of onr State bonds. W. de-.
y bu, just To- remark that We werr,.
New York when ,hr sale was M
IN iast. we WIRE present with -.
broIci -Iht tie Jirsa.Sairrled:sl ,uca
MAS the great siringency Of the money
market. and such the rates VI inicres,
on mnncy al the time il New York,
that We knuw the sale Was regarded
under the circumstances q, capital
onc. We understand that a number
oi persons who had intended hiding dc.
clined doing So under ihr pressure.
We felt prouuler II our Stale when We
hratd il sad, that the premium, obtain.
ed praA ed The high estimation in which
our .stocks were hrld We will fur
lhsr a,iL that We know We speak the
sentiment 81 all parties here, when We
bear testimony 10 thrunceasing efforts
81 The Treasurer oisthc State IA behalf
ouI Slmks, aud TO the success which
has attended them
i VS. very tr from our intention 10 do any
injustice IL The State Treasurer. ~ even /. blame
hmm u, The remarks which we nude upon The late
salr al the Donis 81 TIN. State in our paper 81
the l9ia ult. We nnt ,I,,uhl the hu,les. pur-
pose ui the fua<uIrr 10 do ilir lcsi be could cr
The State; AID W. a.c willing 10 give him iull
cfes! iof hi uncr.,sillg etiois" Ia lrhalfoi or
s'o h; but IL Is crrianl; saving too much Ia as
srl ihat. in tie last sale. such success" attend.
ed hls rii,rts should he gratifying to the cili-
zells uf the State. II may I've sdnn,,cd ihat the
binds hionsht as much at the lime and under
the re equations adopted, as those OF any other
State would; but AZ business tran sictun II
Thee per cent i not an adequate premium on
North carolna siI Yer cent. coupon honds, 'lie
interest upon which is to lie lai, sclni-annuaiIy
~ The ely ri New y pk. and We ac surprised
thu any editor in the State should pronounce Tie
sale. al spch y premium, capital one, under
any circumstances. Notwithstanding the les
ilnons u the Post. We ar still Of ihe opinion
that The hnn,ls would have sid quite As we'll u
The Treasurer had nni adopted regulation which
permitted millionaire. to take the Whok. al = low
prrmlu,n, 10 the exclusion Of North Ca,o'niians
VII" offered fair premium, TOR smaller amounts.
II WAS undcrrtood thai Mr.. LYON 81 Alal,an'a.
went I" New Yo.k prepared 10 ofe, five pei cent
premiums; hut aiirrM aris ,e.uced tis Ind to lne
pr cent. 10 take The nhok w none. i Wis
mistake. IN on, npinion, To consider such h'''.
II subjects the whole business loo much TO "'le
management Of tie Wall st,ce, brokers.
Il IL hardly accessar, Tor us to argue the que
I'm Il length 10 shoS the correctness. 81 our po'
nl'n l. i . ~Ii-evnlclt proposition. a. y Of
.'ca's 10 us. That there is ,pitil III North "a.
r.lina WHICH the owners would he glad TO invest
m these bon Is. Is evident from the bids ma ~ !"
9TH VI the sales which have taken plasc az" =
kh,sa thu alAbef 4 mr. ti.ik = dttiii'si