Weekly standard. [volume] (Raleigh, N.C.) 1858-1865, 1864-08-24
RALEIGH: FRIDAY, AUG. 10. 1864.

We epublish to day from the Richmond Examiner,
ar article which shows the advantages which the
English fiji N Of Messrs Alexander Collie & Co., are
of tie Confederate and State governneuts; aid
also, an article from the pen of Col. McRae, Of the
Confederote in which this 6-m is hold up as Oh
ject If respect arG confidence TO all North Carroll:
mans, Tor The supposed favors it has conferred on
this State, and the unselish disposition by which
it is characterized If the Eraminers statements
be coTrect-and we see no reason to doubt them
this firm is making "a good thing" out of our gov
ernments by the systematic villiany with which it
conducts its blockade operations Phe statement
of Col McRae, that the ''feelings and sympathies
of this firm are thoroughly with the Confederacy,"
is absurd. Their feelings and sympathies are just
where they can make the most money; and the
members otthis firm, having found couple Of
geese to be plucked, have pucked them, and
now and then they throw feather or two to one
Of these geese, to prevent clamor, and as tangi
BILE display Of their active sympathy" That's all.
Col McRae is too shrewd person not to know that
the first and great object Of mercantile houses is
to make money, and that any sympathy or benevo-
lence which may be manifested for either govern.
ments or indiyiduals is, only apparent, and is in
tended to pave the way to still further advantages
and profits. The day may come when the block
ade operations OF North. Carolina will be thorough
ly investigated, and in opinion it will be found,
sif such an Investigation should be made that the
system has not only greatly added to. the debt Of
the State but that it has been marked by gross
corruption, and by the most fragrant impositions
on the State by just such firms as Alexander Collie
& Co.
Col. McRse states that "when the.State of North
Carolina appeared, by her Commissioner, in the
London market, he found great difficulty in OBJ
tanning favorable hearing for her loan PROPOSE.
tions. She was but little known on Change-she
had never borrowed comparatively, and it requires
large borrowing, as we'll as punctual paying, to
make name" There is no State on the continent
whose credit is better In Europe than that of North
Carolina. Her old coupon bonds, in the hands Of
the Rothschilds and other bankers in Europe, are
classed among the best securities. The assump
: ton that she had no name as State entitled to
credit because she had not borrowed larglv, is
very T1nlcuiouS eNsh HUH w pen VI Ooi. hSssa'.
This astute inancier, who had the honor to be first
to introduce good old State avorably on Change
would have the. public believe that the money.lsn
ders of Europe judge Of the ability to pay by the
wish to borrow, and that the State which most fire.
quently hawks its bonds in market and borrows
most, IS entitled to the best credit If any thing
of the kind could have affected the States credit
and injured her character on Change, it would have
been done by the indecent quarrel which took place
in London between the Commissioner, Col McRae
and his former associate in the naval stores business
Mr.. Geo. N. Sanders.