ref il'p r.'il !^r ’.v-irlrl ho the pro»p>‘ct torf mprcnntllc and pul lie. credit
0 .uJt i > iu |Ki uui:ii » i proctiKP ;i'..ifc ri c I’at I'g uii-diii;r> loj
ii l!.' I ii. :)'"I rri i-> du* t ue pU'[iijscs l.)i u IikIi such u n ctli
r' ii> ilic SI (pill ol uu-w;(r. U c- um is wMiUcd, ar.d i naliK' Us to car-
\ ': cut lluu tlie stork ol llir dank will i p this liitlifii i iiol.irtuoatr- and in ■
■•1 the T tuiii ol' pt si r, il II il suoiK'i", "glorious wjf, to a sale anu honorable
I i ir io ilic luai kri to a \ aluc whirli. contlasioii, it will merit tile ariive
il the hank w.re estahllsheil in ape- 5ii|jpon of all sinrere and wrdl prin-
riod ol peace, Mould aulhoiise anil riplcd disciplrs ol the U'asiiiugnin
oolain lui the jiulilie a bonus to a ve-i school. Cmtaielv on tluir pait, iv
lA l.irj^e amoinit, In lieu ol such a party teeliiig should he allowed to
honns the ivennliei.l is laiily enli-' mingle in the ilis. usiion. While on
tied to, and ought not to relinipiish or! their side, no t mdul Iriend ol the jire-
risk, die n-ediul s- i vices ol tile h ink I sent admini traiio i will denr, tli U i'
under the pressing circunistiiiiccs oi , is entirely jiistiii ihle, ronsisteutl"
war,
2, The hank, as proposed to he
co'.is'.iui' d, cannot iie relied on (ho-
i. !' ihe rvir, to provide a ciiculaii
or .1 li
ne di I'll, no'- to lui iii' h ! >
tien'"i,>ns of '.oe pn 'hr r e- aiv .
' idiom a .lie.nil.0, d'e i ix. s can-
rot .. lA.)''- tcit : .ii'il I to,- •ihsc'in.
of i-pt clc. the ini dm ti nini't si 'd to
..'hlei'te,
Vf ith u dealons (U tei luinatio i niid
all circiiiie.taiKi b, to iii.iiet.iin tin
■ ii.his and ii'id, |) •e.dtiie, o! thecoiin-
t'V, t') (,;)p"ve iiie liie.isuu in all ils
n o I il it c.in i.e th ir. )ii'.tr..ler! thr.i
die pi nil ah.iurd, v isi.),i u-,, a.'.c' i.T.-
I rune ih!e, that i.‘ ■"'.t liei.iile to  li-
nil'd I .'.tein, it V. oil! I be s.liL iiKuil.-
I I I'l loi t’l" o''j. (:" die rroveimncnt
..u
t
no I
i.s.siu 11 I \ .11 .poe d o.;
j os d hank.M 'll in' '
U'.l. I us op. 1 a
tioii to j, i\ its
subj..tl to ft !
W'.liou! SU. 1 ooiig
of till Dank til
rm
■ e.i
pir;.
CO,'.-
II IV 1 \ :r v ,
pi di and . .u
.1'
V oul I ra-
i'. prec’at •, '..id
t'l.r
c lu
- ii -ies'.ly ii.venJe 1, it
lera’e. ai .1 r.’.ost pow
'll
'■i
a ).
■r.
in
ngI m i I \
for sp cic, \ '-LI ' sii.i ■ 11.
and p rionnie.g e u .c .
the p,i\ iTicnl o axe-, ,i.nl
public iransm is. Mould, a. n li-
cnce has asci. I t II..I.I, I'pi. li:y tee J .'k
to supply .St due a tin dat.ng m di-
U'.n, and p cuii.ny .i Is .o the go-
Vi riimcnt. IJ ider the !t tiers imp'U -
fil hr the bill, il is ni ...il st, lli.a
dm i ihe W'*’, 'he pel iod p irtiri.l-.r-
ly reguiriog S'lrh .i niidi nr. and ui-h
a resoiiir • I'or loans and -iclva ic r to
die g i i.i i.nieiit, note- hir which the
binli cv.ail 1 '>e compel.It to give
sp rie in i \ !i ir.g- could not he kept
in irculaiion. The most the hank
coil'd etKci aiul the 'IT St it could be
h'.i'io
, |i
..['.I it'C ■ ti 'le I "gim; lor ruin iir.u
; ih . ii .I’.ig iil'tir tiic h.s'
CO s'"!-.'1' on I lain been able le give
i ' thi fuhjec, fu'.rclv •.(liptctl 'dit
inter 'pii loll, i tni i I sli.i i no', he
. e.t I o. :• (I i ■' I u 0 IS
h ’;m.t:lv to cm
I I ihi g. ■! I I 111 '
lirg t'l 11 u, t*
I Pis ji. l-TC-n 11
T:.,' pl.n.
1 ,'f.i s .1 h.'.r
.1. i r.
-..t, .
i; 011
h; ■> I), e
. M I’l In
'.ui 11 .
ital
d.'.’l i'..
sh 11 I.e CO
,0 k. .11 d
O.' I 1 I-
o I .r.ii'.i i.s
I'h. i rii.il;, St -
,'..h. oa will eh
• i ‘01.11' ...
i hs rv I, sup-
.letl wle.'l • i • o-
ol
niA
n ar, there would remain but
mini.'ins to 'meet tli.- demands ol it,
creditors ; because ihit lv miiiions 01
p iper nui' t he is-.nrd in ih . iinljeai
tortile jiurposi .s of the governni.mt
■ilopc, independent ol the issue-.-
which iliav he made lor olh t pnrpo
scs ; and because cclainiv no eXjie-
lieiice wilt I'. iirr.i'U tiv 111 potlu si
I hat a'ly monied institution can lone
sust.iin an ability to met t the fp’ci'
.l.-ni.md, whose ainount ol issue sh.ill
I XC'ed six tiiiub iln anionni of if.
.vholc capit.il coiivertih'lt into value.
II then this paper will not he exidntn-
g.-ai'le lor sptcie, on whatpi incipL
ivili it he asserted, that it wdl ciitu-
bi«ed :iio-e iree'.vor i xtensiv. Iv than
treasuiy notes or any o'dier govern-
i.lji-'t s"cu;i'\ j:ay..hle to order or
I'e-.n tr ? ii .tii .i.c ul'.i lii ely depen-
t'en, upon tile l.iidi and stal.tlitv ol
.’f governiiierit—both ai-e liable to he
cflected by the depression ol confi
dence which now opci 'es 0:1 all the
tr iiisactions ol basitu.A.nil boih
lire eqi' .lly ohnox'o,;“ to tee ohjrc-
-.i'lns w'llih il.•c natnra’iv n-g-d a-
g.diifl fll paper eitr/ig, meats, not
exch.i.igjah!; lot v.do' ;f iP.e de-
iii.ui'lol the h .luer b; di. li ..,J which
isiuts lllaiTl. Tlu tli.-or,' ol,Mr.
IJ.ill '.c t'd'.ii'la that tre.ei a iriti.-- ill
not an-.w r th. pr.rp e,-s .1 clrtul i-
li'tg rii-. di'Si.i, and Iran he con: icr;-
j i.st.o.i!. 1 11e St-.led, 'l i'. i;r'..ler,lahle
I that the [laper ol lue r e.loi t.l h.itilc
I wll! he eqirdly v fe r ih ■: purpo ,,
1 luiless till- s'''.i; bi.k, shall si.imp,
til. ir ciedii upon ii, h .1 riceiv, i.
hank was erected. T, it posslhl. , di -u
rh'-state hanks Mould ai t a p: ■ t m
'.ish'y extra! tig.int and aos'iul, n 1
ilitni'th they had entire cotill.h 1 ■ . 1
the miiinitc solvency of anv ti.
inert machine, ivhich at tlii-i . r.. ;
perio.d shoiilil he erecled. Hut is it
cretlilile th It nil the h.mks will \ iel
P s ;.\(i I oiiie t'Ut if. the l '.s\or!tc,
I ■' .r 'lie pm pt'Se ol rei eiv’i'g liie laii-
. S..itinn ol the Fiisiileiit ami Si nnte,
. rtd oltoniiniinicalinir the joylol ti*
' dmg'i to ihe Hiitish fl.-er; .ind armies
‘ ill this (jiiartci ol the glohc.
I iMi. Carrtil, with whom we have
; he' ll lav.jurcd with an interview.
such a confidence ? Is the credit ol I states, lb it tin- terms of th ; treaty are
the government so iinsh ike'i as to
warrant surh a conlideiicf ? Arc
()t 'naay of the banks alreadv nicst
■^ainrully and reluctantly conviac; d
.if the fatal danger to which thi v n c
■xp-ised th'-iiiselvcs, hv a mispl.iw.'l
confidence in tile governiiitiit ^ Il
only one ol them, in each principal
citv, sh.iulil refuse to rec' ive the
new paper, is it not evident th’it it
v/oi'ld cease to be a|i|)licahlf to the
sm h as to Ivii-e no doubt that the y
will be immediately ratified bv’ our
govermneiii. Ihe I.oiitlon “ Times''
i imiiistt l ii-.l print, deiuiunces the
ireatv in the str'iiigest terms, as high
ly dishotioraMe to Kn;:i md ; M illie
ilip “■ ,'!'jr>ii:i^- C’tr';iii(li‘” an aiili*
aiinisti rial paper, considers it as
a'lvant igcuus to'In- liriiish nation.—
A iiieeii .,jat W'l s'iiiitister M as held
on the ‘.PJlii of Dei.emb-. 1, for the pur-
Ctnnnion paymi.i.ts of the country ? | pos'.- ol jn iitio'ii.'g tor the repeal of
And if, as is most probable, . II in ' ‘
hanks oi '.’cM'-loiglancl, whose pay-
tlie i. rome ; at xvlii.h Mr. Cdiit-
-cu- of the or.itors ol the d..y.
all eoii. 's o' f 'ly m 11'. 'i,
,, M hi. !i I '1five mill
s. I 1. Idni'.'l b-ule'.
ii.i'li ir , SU >3'T'.r.'hie
mciils being yet 111.;dc in specie, can-j' 'ipri s. nfi die peace with America,
n.it without niad.icss excli.ing- their as a haj.py circumstance to Great
note' lor a paper ii'jt convertible int')
specie, s' cold .U oriro riicct it, how
could it be ajip’ ed t., any oi the nnr-j Britis.b I'i":..!!- I'.:id' inion, in com-
pc'S.-s  1 exch iig btiM'.A n diir.reot paiiv m '.iIi il c Ti r. 'P's.
parts of the touli.ieiit, 1;.; rendered ( Mr. C.iri'.l, u h . ! I' this city thi»
uni. .trs.-.Ily itstftdas -a ni dim 1 m t | nioiI'ii.g ^>1 ti, s .n of govi riunem,
I ir the payment of tax-i, m in be t ii .3 w , \ oMig'!,.,i\ t. ' n.-J us with
districe wiitte lli.' pnnlv'its ot the n! s ol tht l.oii.h.n ‘ 'Tine- .' ‘ .lAr-
goveaniT'cr.t ij >th hir lor. i gn a 1 j do- j C'/i: (/'iicJts ;»»»d *■ (.CiUf u‘f‘y ' to the
nt.r .ti., iiiaiiu'acture:, n 1st x-1 Jlst 01 D'cendar, imiu -ive, trcim
teasive'.y nail-', sj;'| ly th ' n. tu nal | mI '.cli M-e have made u3 v lumnious
neressiti-s, i.i th ..ue.i igi t ven 01 t ' > .ic's ssonr lime vo'.ii l permit;
lii pub i.; I I 'i ■!' t'l n; m l to ihe pojili-i -s ol .1 Le-
■Mi. K.i. jr .Im till p-ar* r "I i..e i.-m ; r.i Ksep wi areit. lcbtf I f'n the
iir .:in.
'I'll r.'X'Ourilc yesterday spoke the
vliollv I ' in l vi 1 J.'-, ri i;Kc.
ri is hank i^ ,0 h. c aiip.llab.. to i.-
sue pap' run gn\ erur.i nt S'.'C'jrit ra to
the amount oi t.vi.y millioui o! dol
lars ia the fin', war, and is aiidi.i' i-
I'
c ic
I'.'i
I '
L.;l
■he
\.h -.1!
Notiiii.g
■1 ciri. il.i-
ig.- lor 'h II I !' II.
..Ilf! r t'se .nir'r; ; 0^ 1 c;ri. il
' ."V 'iti.ti wh'.c .iv not uni'ei s lily
•iw d sik:i, am! n i i.l.su:dif.
groiwi than th.c s.iiijiOiiiion
ui po-
1-ink ..'ill I' l fnrnis-. a ir. '.' c.i-.
'.I'lg inedi j.n, a",l ih.it u i-, • xp.
i.tlthe objection'., M'ii. .. ' iili
gi'.rd to tn i 'il.'V notes,. .. i. I) I'.l:,'
pears to admit are imu; .1 .Ulc.
A.*' Ivi^UIuEll.
exji' I I'-.l
th- .'.sii.iiu.ni
lo- • I t .is-.icti
to aim at, M' '.il.i he t'l keep v-ed to 13'.uv Us p.ipcr for other pm-
hv
nilid a'ld . i.oses t" i.i\ ixtjiit, its vicMS or la-
tlil'ulc
. M'.ii' h, with the
.lock i- the hank.
1 f.
till j’lirp.i.sf, U'til a tlic.ng • Iro'ii w.ir
to pc.ice o'li 1 1 ena 'i.- ii. hy a H iw ol
Bp. tie inn 1 \ .iiilt, an.l .1 1 > mov.il oi
th I xtern.’l il'111 1-1 ! ‘y..-it. ur've
i' .'inteiTlplatcil I . .'uiii.'i IS (10.11 a
a.tte and full > x • o* us op’.ra-
tions.
O' the v.'h li , .'hen >' ' r-'.'i-
tlei'U di.t the proposed is' i'i -.h-
meiit will enifiy 'a i.ion'.poly ol die
profits «>la N '. b.iiik. l.or a p rioil of
tvi eiitv vea J ; di-.u ihe moi.oj.'ili ’,'(I
pr.'jfits ""ill he c'oiiuau illy g'ai.vmg
vith iiic progress ol the oatioi. n p'l
pulali'in an.l'Ve.iltli ; lliat the ii itio')
Will, diiii'igih bim- n. rnul. lie il-e-
pendeuoii the. not ‘ ol the hank ''n
th.it. spi.i ic.s Oi ciri u ting inedimn,
wlleni'''ei the p.e.:ious 'il uds in iV la
sv ated til! I .ill ti lies, lor .so in-.icil
tin reo: .13 .nay hi' .111 rligihle suiisti-
tule lor a spei ie ntic liimi ; and that
tl .. e.xi -'isiee empl'i'oiient of the notes
il the • of., ction of the- aiigin-'inctl
tax.* will, mort'ov r, en dil-i the b ink'
pr il t,) ( S' ivl its pu.’fit.lble issues
o ' 1.1 in, Miih.iiu the t.\p use of spi-
c ■ cipii'l to s.i'iport tiicir. cu'cuii-
ti'iii ; it ii fo 1 a.lijn.ible as requisite,
that til • eiioiiei.t, in return lor
til' S'- .x.ir.ii'1 li'Vir' .
b I'lk, shf'uM il.-' ■
f iii.-.iui' ■ •'■'>110
ins‘.iiU'.i'H). . • ■
t rt-'ts IT.
re q’l
I mai'..a'ii studi i pfin to be iui-
prac'.
Lid, and j mil u'.. rl\
'..ca--'. , ber.'.uii th'- spi-cf.; c.n.-
not he pi '>cii-e
It is iioiorioMs til if hiriUy a dollar
in spirit is nov/ se..ii in 'cir oil ition
nnv 'vlure sou'h of Conncctkiit:
that ir. c' cr!' I’art of the co I'.'neat not
;.s'. of i'.h '■/• .hirk, it bears a preirii-
ui.i of Irom tin to eighteen pr ct nt.
.md cani.oi be had in large stilus even
at so great a disiou.i. j th.it the lia-
lance of trade from ahruad heco iiing
.l.tilv inore unfii'Ol a'.le, the cK iiiand
for sneeie in our iate'-couise with fo
ri-ig'. nations must gu ally incr ase ;
that thus hal'ince as between Xew*
E'.gl'.ind, end til.' i.ii Idle :ni i Miutii-
. ni s', ifc.i b i g s'ill Piore u.ilavoni-
M", file dr .in upon ih.* st.it's south
I i,.. .'1'. pipcit .1 tliec.' til.
Sit o. 'sutli a'licdiuni, > hi ii sli.-d be
ri'iri'.'.cd by tt'. se in ,lu-.ul'i.i-i m
v’lii-h ills' 'iit'ir. sts of the li'..diiig
. l of the cociiiuiaiiv' a' c roiictn-
ii-.iied, a id by "'hich their ti-aiiSji -
I li-.ns are noce*s'.> i!y coniruled.
I It is then in my o|'>inion, .Mr Edi-
j tor, clear biyind all coiiiradiil'on,
thatvlie paper nl this bank 'vill ii'it he
juiivem’lv rcteive'I bv C'tner liank-
I iii'j iiislitluiop''—.h.it cn th ' rnr.trnr'',
if ail or t'l- giea'tr pert cf them tio
not very so in rejec' it, their capital
will be ahsorfed, their' profits dcs-
I tl .lycd, and their existence eudanger-
- Oil.
The whole hanking capital of this
t -
. i
'l>
4?
I c s'-.ions to the
g i-il-’i secu ity
V" - IS .'I the
I t i-i the
.or V- V pi.ic-
ticaliie accominod.ition ''i.th 111 tile
leiiipotiirv .1 !\' ''ici s n-- e- s»a’'\ 10 an-
ticip'Jte U' and i iho.se iiiou
dur -hl'-i .r M. '. liare ei u dly ne-
Cvss.it v to'll 1 1 -..sii the res i ! Ill' rxe .
1.1 iiisi.«i ' c,i 'g the pniiiltu duiy ol
St'3iiiigoo| I'ii.jns lo I nil-isnre M'hi 'li
has ni'deig'.'ie tii" >1 ii ler.iti ms nut
rcsC'iv dilu' sam t'l.' 11 ol ihe t'v.i h,'ui3::'i
of till- N iiion d 1. .’i .hitine, I console
I'.ts'ilMilh ihe red. ction, thit il t ley
h :')t in
t'l o-in ,lhi'V can b coiial.-uiioa.il.y
1 -irid'd ; and 'viiii a cotiildenv''
l!v,i, "'1 . 10;.! ■!! y V''eat, the M'isciml
111 ClKin'-r.sS S'; :”i iuislrn to ‘U ISlitU C' il
more c. in 11-n niriife a.’.l >■ rti.'ii pro
vision loi 'I. i-nhli- exiii' i'cics.
J 'il.S AtADICOX.
^'^.ichi.'iio ,1, fapiiarv .'Iti'h 1S15.
'll', r.i . v w.is I c.*ci, null oiOci ed I Its i-uvption.
tobv .i.r.ud-' ' I cniuni-I
cl Nl W-r. :g. Old is fl Dili ih'iS r.lU“ ■
ilso r.ipilll'' aug'neiulng. And i 1
iriuh ill.it .ill till sped.' i.i the s tub
I rn aii'l mi'l ile sfites, isi-i’hi-r h .0 'i-
til or in po'sessioii ot-II- h,r.k3 who
limn the f'X'.ii.i of tile ''em i".l upon
ihein h.ive h "'-n cinipill. I to snspi ml
their cas'.i pa'ui.-ots. \\''l.-l'e ih-n is
the i'vmiea',. amount ol specie I'f'j i'i-
rrd lortlu m '" I '.lal: tube pro.".ii-il
Not iVo-'i .I'li'oi 1 t'l!' th - leiidviKA'
U'l'Joid teill'. is lo a I nge ami ex'eii-
jive I ::|ji'i't-.tdi'n. Not ttom Ne'v-
F.ngl.’.i'.d, " Ill'l l' ll'i!''rjl'i'i-.- 'V.11'stock
fill' -.1(1'.me., on th.' m.ii'cei pi tec
"l',i..ii W'lli he the sole 'pre.afi'.im f.n'
sii'.s-'.i'iin.i) is held, a.ul 'vh-. re t!ie
mor.icU in-n arc not irioasly h i .iil •
10 the insiitoiion. N-it fiom liios''
"ho have hoar dull ; sinci' th.- 'vam of
(oiifi.lei'ce " liicli led lo hti.irding con-
liinivs ; and has b en vtiy little di-
iiiinisheil by lute d''vei.)p.'nitni3 Iro n
the pen cl.' Ir. i) il’.is. A ill ceitdii-
ly not from bank.s, " hiili are no'v ui -
atili to meet the .lemands upon iliem
(or spici.-, 'vho lii'c shaken their
credit to Us t'luntiiuion, by stopping
payment to th ir oivn customers and
wei.dil whith 1 aliucli depositors t.nd'vlio sinely have ve-
IV liitle i'uhi'eein- nt to make a great
and hazardous sac.i dice, ;or the es-
ishiiabiiKat ol a r'u al institution,
"fiicli must con,lol tin-ir operations,
impair tlieir jirofi's, and probably, as
I sliall presently slio'v, ilir.trov ilieir
existence. Il five iiiidion:, of sp cie
annot be procuied, the plan l.iifs :.l
[l-'o.in ilie rniliid Slates’ ti.iielle ]
J/r. U I ' 'S HAKK.
KO. I.
Mr. Kd’tor^
Among the l.>pic.3 " h'"'i it
1 op lull- tiiS'-. 'uosi s'.r'in.'ly
thi.s
in,
inn!
p.-'lii.', t-ii- pi,111
h.ic.l., urig''!.,.iy proi'i
iJ.ill.is. .li IS still, u ia s. i.l, int.;n-
(led. Hid liSbli'l. i.i- s-btl. inMilr-'
to I .' broogli. .‘ "'vai '. 'si t. il
bv liic' ii.ii.iii-i'ir,.Ci( o, iiS, 'i Il>
liol.ls the Ifr . Il I'le outsit
of the rein.ii'ks will 'll I p . '>31, sir,
U> biibmit to \'.u in r.'bu ..n to it, I
olearly ackii'UM .*d^e that it it \\ ill rcfc*
that though th" plan
sh' old he cap.ioic ot lieiii)', i .n i i d lii-
iii o:i,ei mior., it 'vill not aceumpiisli
the .i'/j"Cts "I ill" gov' >' nii'.iit ; inas-
'im. h IS its can..or he, canvert-
t (1 O't-J a s.i'i ' .y.''.. j^'ally n cviv-
i-ii i ii'cni.'.'.ing ini'ditim.
it iii.i' iimjii-.-sti' nahly he ;i.ssiim'-d
'h..t tin i i'vii' int-nih I to’'e given
c 'll l*r''si!viii, to Misp'-nd spi'cic
he iiiim''fl'atelv
e 'g- the ftt •! ton ol rongr.
Ill - p.-'pi ', the- pi,111 ','1 ;i alion.ii ! o.n'vii, in ', " iH he iiiim''fl'atelv exe;-
I,v I (is d. I'lie. .s..m»; lauses " hiih have
j opi.iat . fl t'j produce a Mi.s)iensioii ot
• ■ i'ei.K'p.'x iiK-nts, at the other hanks
tl I ** ft ^ t.. ...V i*. .^1
"O'lld he iii.tiiedi.itely put into lull
I'ni.raii..!! iip'on the ncv.' ins'.ituti/.ti.
And Miili .1 h-ice vny imieli incitas-
ed, Inc.nise iiiiismuth as toiiv live
piiill'ins t‘it its capii.d is intiiidecl to
be tendered ut.aatc'ab'.o t'ui'ing the
countiA’, does not at this lime proh.a-
hly much excred sixty millions oldol-
iars. It bus f-c-.m already clwcrv'e.l,
mat the nc'.y bank must in the first
year issue paper f.jr the -i^irpiis' S of
the goverirric't sxclusi''': ol ivliat it
may issue for ii i o'vu orijinar- oper. -
tioin ciroiher .iic, to ilic amo'.nit 01
lh':rty milh"iis, Daring the suspeli-
, I >11 of specie paymei’ts, the state
!).i'ii:s 'viiich sin.11 ifceive this paper.
.Vih h'.‘ntteriy iniahl.’, excejiiso t'.ir
.’s til. '' sli.'ll liip'j-e of it, to realis .'
i.iv V ihi T'lm i . They can only
dl3p.''se ■'I' It t'l ilvir o'vii customers
or di [> sit.Ji b7'31 i.i the coms ■ ol trans-
.icti-in.s in which tlT'v oiher-
v/ise h.iv-.' di'.jiose l ol tii 'ir •i‘'/n pi
per, 'vl,i,-!i it is al'v.iVs itieir interest
a.id ciKl'.M'’ont- to do. .knd 'viiiie
j iIk V shall not dispose of it, it will I'e-
iiiain a dead credit against the n.atioii-
'al bank, yicUi.ig no intereit, funii.sli-
ing no fivid better lb.111 tln-ir own ca
pital (though ul'im.ui ly 11 should he
ad'iiitted to he as sound and gootl) for
ihi' extension ot their i)"'n operations,
and cnahliiig an institution certainly
having rival, if not hostile tendencies,
to trade upon th'.-lr prope’ ty, and at
their hazard, ivithout reliirniiig ifiy
equival.-nt. Nothing can he pli.incr
or more intlisputahle than this re
sult—')Ut for ihc put jio.se of illu.stra-
ti'ii. Ictus suppose that tlie IJaiik of
North America, ivliosc capital is one
million of dollars, shall agree to re-
ceiv'tt the paper of the new hank as a
s.ile cir: ul-iting meilium.—Ehere can
! he no doulit that in a short time at
least one million cf the new pap'ar
"’ill lie paid into the lja"k of North
America, in exch.ange lor its own pa
pier, which ia noiv in the Inst credit
and t'-pute. Having received the
nv'.v piaper to such an amount, its
whole capital is ah-soihed and its ex
istence renflei'cd dcjiendeiit upon the
ultimate solvency ot the neiv bank,
(t cannot convert the j’apcr into spe
cie, at pile'aaurc, nor by application
to the source fioni "'hence it is^TTcs,
convert it into v.ilue o''aii)’ other jes-
ci ipti.oii. . What then is to be done ?
It It ilisp'-'si's ot this paper in its own
,r:;n'i.ii tiiiiis, it su|)'pl;mts its bwn pa-
>,’er, and iradcs at its o'vn risk, and
■It the haz trd ot its ciistiimcrs aiii
Ivpjisilors, for the benefit of another
bui.k, "iili v'l'-osc pioceetlings it ni.ty
he ut'.:it.ja..iiit^d, and over whi'^h it
1 h.is no rontri'l. And il tli-; ne'v pa-
i per shall remain undisposed of, what
'•.'ill the Bank of North America have
ill return lor its cujiild, but a detid
i rd useless balance, inajjj '.ic.iblc to
any of the purpmuet lur "hie'*
PF
From i!'.€ 't'.Ui-jitiii I’i!e.l-^eu(cr cf the
\it,h itisi.
yV'e hive the p.cusure to t'nnotince
;h.'t the irvRty of ^eace between the
1 Ui'i'-’.-d States and Great Hritain :i.
I sig i' il by pit the commissioiicts of
' h'jth parti'.s at Ghent on the 21th
i Deccnilier 181f, was last evening dc-
! livered by Mr. Carioll, to the secre
tary of state, wli'i imincdi.'tely sub
mitted it to the president. The ge
neral principle of the treaty is, a ic-
sti'.utio.i and recognition o* the rights
and possessions ol each jiaity, .as t.'nry
stood before the war ; with adequate
pcuvisioiis to settle all the disp^itcd
pioints of boundary, by comniissiun-
.;r.', p'jhicct to the decision of an a-
iii'cable soveseigr.; ia case the com
missioners 'Jo no: agree in opinion.—
rile title to the islands in the Lay of
i'assamaquoddy being controverted,
i e ji'issession ivill remain with the
1 i-.t'.va rts’p'ectivcly v,ihi,,h no'.v hold
•.'i''.ii, iiniii the coinmisaioiiersdccid-
up- I! the title, but witiiout prejudice
to ih-.* cl'.iini of either p Tty. Eerio'I-
ire fixed for th-e rcs'i'uiioii of m.i'i
ti!U'‘ captures in diiTcrent latitude'! ;
.in J II istilitics an.- to cease as so,>n a-
the ratifications of tlie treaty are t x-
cii.ingcil at Washington. Il is un-
'Icrstood that Mr. lJak'.'r is the bear
er of the treaty ratifw d by I'm i’rince
flcgcnt, P; will be icucly to , xch;mgc
the ratifi.ationa 'vlieii the Fi.'.lJvnt
and tbe senate have passed up »ii til.-
sahjeet. We are happy to adJ, tli.it
the treat!'is thought in all rcspsits to
!)c honorable to the ii.iiion, .md t.i the
ncg'aci it,jrs. 'I’he President Mill,
prob.tbiy, lay it before the Senate this
da)'.
Frtrn the J1 Atimore Tthg-ra/yh.
'File seluiuuer Fraiisit, ha'i at lived
in the Chesapeake. And m'b h-ive
the pleasure to stale, lii.it VaHHISTO-
vaiui HuoiiKS, Esq. the beare.' of
the Duplicate 'Freaty, Ins been land
ed ill Auiiapolis, iiiid undiiubieclly
iinmedi iteli' proceeded to tlie scat ol
gov"'aiticn'.
f'JiUM oun coRnf:sPO.vpE.\'r.
NKW-VOItK, Feliriiai-y IJ.
GLORIOUS NEWS.
A TliFlA'F'F OF PEACE was
signed by the American aiul Uritisli
commissioners at Ghent, on the 24th
of December, and rallied by the
Prince Regent on the SOilp
We most cordially congratulate
ouf fellow-citi'zens on this propitious
—ail event wliicli calb. lor deep
and uiidissembled gratitude to the
Almighty Sovereign ol the Universe.
Mr. Hentij Carrol, one of tuu se
cretaries «f th'j American legation,
charged with despatches from our
conimissiouers, and a copy of the
treaty, b ft Ghent qn tile 2dlh ol Dc-
cemher, f.ir England j s.iilcd ftom
IMyiiioutli, in the Mriiish sloop ol war
E.i'oiitc, on the 2.1 o' Jaii. ; and ar-
rivc'l at this piji t ui 8 u’cl'jck lust cve-
liing.
'Mr. Hughes, nnoihcr of the secre
taries of the Am. rlcan legation, sail
ed about the same time, viith des-
pali hes, for th': Cnesapeake.
Mr. secicuiryto the British
U'g.tliou to die Uuiled Ssiales iu
.I..O.'. i: g extract of- a .' bieli
1( r.ceiled, by i'lr, C.c. l fio:ii tl
i( v('.-ct-il/a.'house in L'lndoii, dated
iJ I n-.ln r 31, 1 8!4.
“ bear .Sir — Flic bearer of 'his
r..ri ics V.'.th him the oliie branch of
I’l ate. The tn a:v was sig.inl ot
(tf; at on the 21th instant, anti has
Ik en r.ififii il bj' ihe Prince Hejeiit ;
hut iit'Si'.lities arc not to ce.ise until
rat'ifii'd by the Pnsitleiit, W'e .siii-
cirtly congiaiill.ite you on ilii3ju) lul
evetiu”
Late Foreign Intelligence,
From lain.Ion P..| eri ri-ct-ivetl pci- tile Fa
vourite, arrived iit Ncw-Sorlc.
LONDON. Nov. 24.
The genet al opiaion ol tbe public
respecting th- Duke ot VVcliington’s
embassy to Paris, will, wc have rea
son to suppose, h'.“ verified h*- his
Grace’s recall. IFs life is cvc.i said
to he exposed to some danger in the
French capitr.I, from the evil pas-
sioiis which his pres'cice there lia»
i-.xcited, and the mo-.t or.iii’ary civi
lities or proposals -are reit-ive'l I'-itll
coldness and caution only bereuse
:hey come fromfiim. Report s 1. .as
Lor't Ilarrowby aa the Diike’s suc-
cssor in his prest-nt eiiipi')' niu.it;
f.ord .Mulgrive to ')-- President of
tile C'luncil, in the ro nn of Eur.l
I-I n-'i'vbv ; and liie D ike of Wei-
i'lgt-in, M-.ister-Generai of the Ord-
iia'.ich, iu the pl.ice of Lord Alnl-
grave-
VVe have been positively assured
th-itin p'lint of fact, oiders have lieen
preparerl, in the respective depart-"
in:-! ts of the French tiiilitary admi
nistration, lor an iMlditi'inal recruit
ing 'o a Very large extent.-—80 or
rjO.OOO men as it is stated to us.
These o.-tleis have not yet been is
sued ; and for the present seem des
tined to await the coarse of poii. c.il
events.
A pretty general rumour was cur-
ri-nt yestenlay loivaidsthe close of
’t-'hange, that there had been som?-
si-rious -commotions in France, aU
ih'iugh no piirricubirs of the time or
place could lie collertc.d. An order
'VIS given to the ininl-sters ol the tx-
E'liperor to quit Paris. Tliuv' have
not submitted to this order, .'-.lying
that the constitution does not aiimit of
arbitrary acts.
The grnii’.ids stated in the P.irisi.an*
circles for the tirrcst of Gen. Dubnir
arc,that he made a very criminal pm-
posal to a soldier on dutv at th.- door
of his iii.ijcsty, and who h-id clisrlnsed
the f:ict. Ill order to sib nc'- this ru-
inour, it was given ont that he li.icl
been recruiting men for the Ami:ricaii
government, a proceeiling which the
court would not permit.
Vienna, Xov. 12—The note de
livered by Prince Talleyrand, alti.r
the arrival of Cout't .Alexii de No-
a'llles, has made a strong impression
on the Memh-.rrs of Congress. It i-s
said to relate to S.ixoay, ami to h.ivo
already productcl sevur.il changes ig,
the deiermiuaiions that had b-cun
adopted.
VIF.NN.V, NO'V. 13.
Distriln/tifh af Stairs, l)\qri:ties
It is believc'l the Empdor^ Alex
ander, and the King of Prussia, will
depaitfor Berlin after the ceremony
sh.ill have taken place, recstablisii-
ingthe Imperial dignity of (lerinanv
in the Houic of Au.siiia. II n-oiUi; j.
intervene to'prevent it, this giainl
ceremony will take |>lace on the 29:'i.
'I'he rights of the :ic'V Kini.c. 'C t
lie tl.i'-lly lio!i;i'a"\. 'ihe h-'‘