The day book. [volume] (Norfolk, Va.) 1857-1867, 1857-10-24

unchanged.
Dgs We find in the City Index, a semi
monthly gratuitous advertising sheet land
an intensely jealous stichler for the Home
Industry of our city, although printed in
BalSimore,) published by Messrs. Bo-
rum & Mclean of this city, and consid-
erably circulated in North Carolina, an
article attacking with great severity and
bitterness respectable class of our fell
low citizens who are pursuing legitimate
business. abiding by the rules and GUS
teaas which govern it, and paying taxes
yearly for their privileges. This article
pgurports by its caption to be upon
North Carolina money, and it takes up
the cudgels con amore against the banks
and bankers, in its opening sentence, for
an alleged arbitrary and uncalled for con-
spiracy to depreciate the bank notes of
that State. Now, the intent of the arti-
Gle may have been merely to conciliate
the regards of the North Carolina readers
of the Index at the expense of somebody,
it matters not whom, who for the nonce,
was to play the part of the windmill once
furiously set upon, in the veritable story
of Cervantes, by the cavalier of rueful
physiognomy. But whatever was its
.G,unus, it matters not The article is
objectionable from it's unjust reflections
upon worthy men, which although they
may have been meant for jokes by the
writer are very likely to be taken in ear
nest by superficial and Impractical rea-
ders.
1t is fact we'll known to every bust
ness man in the community that Carolina
money at the present time is almost USE
less to the brokers of our city. They can
do nothing with it, The time for the mcona-
ing of the products ofthat State has not yet
arrived; consequently they can make no
use Of it till the crops from there are be-
ing brought in and sold, at which period
thatmoney passes at the counter of the
broker nearly the same as the paper money
of our own'State, for it is then paid out
with equal facility to the farmer from that
section for his products.
Merchants can afford to sell their goods
and receive their pay in North Carolina
money, if they can lay out of the use of
their funds till the delivery of the incom-
ing crops, when that money will assume
its par value; otherwise, they must sell
their money as they sell their goods-to
the best advantage they can-to the bro
ker or any other customer they can find.
But, by the logic of the Mder, he shows
himself in very necessitous state by do
ing So. He should wait till he accumu-
lates 100000 of that money and take
tour through that State and get gold for
it. Whilst, on the other hand, the broker
commits heinous offence for daring to
accommodate this mecessito,ts individual
by giving him specie to meet his imme-
diate wants, for notes which to him are
worth no more than the white paper on
which they are printed.
Previous to the suspension of specie
payments by the North Carolina Banks,
the notes of these Banks could be used in
the purchase of Northern Exchange at
figure, but under the present
state of things they are perfectly useless
to the broker for that purpose. Then
what is be to do with them? Why wait
of course till he gets S lOO,O00's
orth of them-if he should live long
enough to do SO. In the meantime he !
should 60 On giving specie for all he can