BARRY w. BENSON.

From the Brandon Republican.
PHILADELPHIA, APRIL 20, 1888,
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To the Editor Of the Republican:


DEAR SIR--As the agent of the Missis-
sippi Union Bank, have succeeded in pro-
curing all the materials necessary for the
organization Of the bank, and | am con-
vinced from what information have been
able to obtain, that the State bonds can
be sold in Philadelphia and New York.
Since my arrival in this city, stocks have
improved very much in the east, and the
demand for State bonds has been very
much advanced by the passage Of the gen.
eral banking law Of New York. The 6
per cent. bonds Of the State Of Tennessee,
Arkansas and Illinois are selling at par.
very readily; and am induced to believe
the State bonds Of Mississippi will be more
in demand than any others, although they
bear but 5 per cent interest, as the place
ofpayment Of principal and interest can
be made to suit the purchaser, either IN
Europe or the United States, which will
make at least one per cent. difference in
the value Of them to European capitalists
This will make them at least Of equal val
ue with 6per cent. bonds alluded to, and
as the products Of the State Of Mississippi
are such as will enable her to pay those
bonds at any point the purchaser may
wish, and the ultimate solyency Of the
State, and firm basis On whichuthe State
issues her bonds will place tho sale Of
them beyond doubt.


] have witnessed with modification the
great calamity of the depreciation Of our
currency, and have made II py business
70 examine particularly into the causes of
this depreciation. II results evidently
from the fact, that exchange is very much
against US, and that very large amount
Of the bills Of our banks are circulated in