The Sumter banner. [volume] (Sumterville, S.C.) 1846-1855, 1854-11-08
For ,he Banner.
N0rdh Carolina ESanaax
Notes.
Yours Truly,
MAURICE.

ISOtCS.
MEssRs. EDiroRs Since the CON.
pletion of The Wilmington and Man
chester Rail Read, new markc, las
been opened to our citizens, and many
OF them have taken advantage OF the
facilities afforded them for trading with
Wilmington. Tie chcapness ol'lreuhts.
when compared with freiShls to and
from Charleston, has caused many to
look to Wilmington for their supplies.
One of the Inevitable results of ira
ding with Wilmington will be, and is
areaGy now apparent the circulation
of North Carolina Bank Notes amongst
us. We see them amus. daily ten.
dcred in ny lnent Of dues, and they
are already bcc"lning familiar in "a
section of country where a few wear
ago, we would scarcely ever see them,
and be certain to refuse them when of:
icrcd.
1t is well known fact that Il great
many countcrieits arc in circulation :;
aud the object Of this communication
is, lst. to inspire confidence in the
s"undncss Of North Carolina Banks,
and I'd, to describe The ,.untrricils
that arc in circulation; SO that every
reader OF your paper may have the up.
porlunity Of deciding Tor himself the
Scnuincness of North Carolina B.ii.I
Note when offered in aymcut, and
when decided upon as genuine, that he
may accept it in full confidence that
the Bank is sound.
For The information herein conveyed
the writer is indebted TO Mnnrue'S
Southern Banker, work which should
be on the desk Of every man in busl-
ness.
To quote from that work ",hr
Banks in the State of North Carolina
have the least circulation of any others
IN the Union in proportion to their
specie on hand. Let lis compare their
return, with those of Georgia, Ten
ncs~cc an S,u,h Carolina:
cIE,riArioN. srErIE.
No. Ca. si,6oo 200 $4,000, 600 or al.a to |
Georgia, 5,oOO0OO l,7uD. 900 or 3 3.4to
Tennessee, 6,2oo.oo0 2,2OO,ooo or 3,ol
So. Ca 7,3iS,OoO l,l39,osO or S tol
These arc facts which place Tie
matter beyond dispute. If the North
Carolina Banks were to make arrange
m"ntS to redeem their paper in Viii
mngt"n or Charleston, they would find
tier c'rcnlasion extending all oy cr the.
country, BECAUSE the holder could more
easily obtain the specie, il hc Monld
aOun it,
North Carolina Bank Mites are
quoted in the Charleston market at .
per cent. dts cunt, Oh account of the
difficulty OF getting to the Banks to
present them for redemption ; but as
planters generally prefer good notes
to specie, that reason cannot hold good
with us. All that we can care for is
.hc solvcncy Of lhe Bank and the cur.
rcncy OF its notes. The testimony q.
MT. Monroe, as quoted above, should
therefore 7llay amy doubts rs TO Tic
OF passing them as current
money amongst ourselves. Our ain,
should be to guard against cuuntcrtc.ls;
Il danger to whlch we are peculiarly
cXp">cd just now, rom the fact that
We arc not yet 50 well convrrsaut
with The yennine Bills us to bc able To-
dc'cct, 1T i glance, The counterfeit. To
enable each and every one of your
readers To d" this, the writer will
quote again from the last issue OF
Monrocs Southern Banker:
= LIST OF BROKEN RANKS.
Bank of Ncwbem.
Branch U. $. Bank at Ncwbcru.
Tarburo.
F" T" . "FayctteviIle