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, 'simiii ,, - -i n r, Tarborough, ( iidgecombe County, A C.J Saturday, January 8, 1813 Vol. X Fill Xo. I. A 'V I I IS. I i T ill. '" 1 I BY GKOR3E HoyRt Is publisher! weekly at Ttfpnnrs nn'l Fifty Vents pPr ye.ir, if paid in 'a ance or Three Dollars at the expiration of thf s Ascription yftarv ror anj period less than n ;var, Tiaat y-fice C.Vi per month. Subscribers are at liberty to discontinuw at any time, on trivirr notice thereof and paying arrears those resid nr l a distance, must invariably pay in advance, or give a respon sible reference in this vicinity. Advertisements not evceedintrla square will be Inserted at One Dollar the first insertion, and 'Jf cents for every continuance.) Longer advertise ments in like proportion. Omrt Orders and Ju dicial advertisements 25 percent, higher. Ad vertisements must be markfj the number of in sertions required, or they wiF be continued until Otherwise ordered and char yd accordingly. Letters addressed to the 1'ditor must be post paid or they may not he att -rded to. Female Jlcfideniy, Situated in Nash cwny, near Dr. Sills s, on the road riding to Nash vilte.in a high healthy situation. THK SuWriber ici fully informs his friend ami the uldic gem-rally, that his school will be apin op-n for the reception ol pupil on i! c s cond Monday (10th) of January ncx1. This Mdmol will be under ihe entire contitd of Miss SUSAN R. Gardner, A lady from New II mtishire. SI.e cm-s well recommended, bit having tauh1 school in the subscribers family the pie ceding year, he is fully confident her ex tensive acquaintance will he a s nisiaciory recommendation, to many. II- r s-kiltui1 management, good discipline, and genih mode of reproof, all confine to rendir her the student's favorite. The ubsciiber i well prepared lo acciinmodate boarder at seven dollars per mirth, who will con slanlly he with the iMruetress it all times, receiving correction, ins-ruction, &c. She will teach all Ihe English bran ches p"r session of five months, 55 10 French ditto . . - 5! Music on the Piano Frte, - 15 Drawing and Painting, 5 Needle and Basket-work extra. JAMES HARRISON. Dec. 2, 1S41. 1 49 5 WARRETOIV Jflalc Jlcademy. t n 1 H E Exercises of this In itution will be resumed on Ihe I0ih January next, under the continued superinflhdence of 7Ir. II. .1. Ezcll, ii. .77. The present Principal, wl)se qnalifica tions and experience every! vay lit him for the duiie-of an Instiudir of Youth The general satisfaction lie his given, the progress ol his scholar, ifvii order, regu larity, and general good concuct, evincive ol" a hijrh and healthy state oil di-eiidine. give every assurance manne uions ol the Trustees to nlace this ancient Add ni V upon its former hih and ictcilabh foot ing have not been unava ling I The su j pervisinn of the morals ad aneral de ! poriment of the students has eeived a clue and proper share of I e Prim-ip d's at tention, and it is no less creditahh to him than gratifying and enconragji.g lo the Trustees, that no serious act of immora'i ly has occurred during the rcjsent year. The Academy has recently undergone a thorough repair, and is one of he laigesi, most commodious, and comfor.ahle build ings of ihe kind in the Slate. Mr. Kz-ll will be assjsied bT a young gentleman of fine moral charac er, and ol excellent literay qualification1. Board may be procured vil i Ihe Piin cipal, or in respectable pntatf families in the village, at $S per monh. Terms for the session ol fivf months: For the Latin, Greek, and French Languages $5 00 For all the English branches 12 50 The undersigned, in In If nf ihe Trus lees, confidently recomn - ( i, ni tution to ihe public, as in u-iy respect, worthy of Ihe patronage o " l,,euts and Guardians. IVELDON N I: irrfRDS, Pr -i. i IVu-tees. Warrenlon, N. C. Dm. i. an, TRUSTIES Geo. K. SpruillJ q, G. D. Biskervilh, r,q H. L. Plummer. .! Alex. Hall, M. I. Hon. D. Turner. VVm. PlummerVriq. VVm. Eaton, Jr. X-q, T. E. Green, Kn i. B. Somei villet E Thos. While, Ljq. I J. V. Hawkins, M.iD. B. E Cook, Eqi Constables' lUaiasfyr sale, AT THIS oMC KOH THE TA It BO KO PKE5S. Written by a Freshman on leaving College, April, 1839. O'd college walls, good lye The roaring stnrm begins to near,' The coining clouds obsirure the sky; Life's bu-sy scenes do now appear Old college walls, good byei Here virtue's way I learned to trace. And climb t'ie steep of science high; lint now, I'm urged to quit the race Old college walls, good bye. Thy lovely scenes, tho now I juit. Nor time nor grief shall break the tie; Which binds my heart to thee. But yet, Old college walls, good byei May genius ever here be found, And here may virtue never die. And wisdom, still maintain her ground Old college walls, good bye. - Life's stormy waves before me roll, And time does beckon m to fly, And now my bark is off the goal Old college walls, good bye. New Hope. e, p. Q. From the New Yurk Tribune. Important from Washington. We have intimations from reliable sources that iue President and his Cabinet have had un der coiisiot ! ation a plan for asu ring Mate integrity, restoring and fortifying State credit, and relieving State and general em barrassmtti's, by the magnanimous and vig rous action of the Federal Govern ment. The plan, if we are rightly inform ed, contemplates a purchase by the General Government ol the right of transporting Without further charge, Mails, Ordnance, Munitionsof War, Stores, &c, on all the Railroads and Canals of the several Slates, completed or in progress, at a fair and stip ulated price per mile, to be paid in bonds of the United States or in the guaranty and ultimate payment of a part of those already issued by the Stales themselvpa. All fu ture collision respecting the carriage of the Mails, &c, will by this purchase be obviated, and the Government relieved from its present discreditable position of a dependent on and chafferer fortheri&ht of way over roads which it must use, yet can do so only at the pleasure of States or Com panies. On the other hand,-such a sum as th'j facilities offered by these works to the Government are faiily-worth, would great ly aid the Slates in their efforts to maii.t.iin their pledged faith and complete the form idable and most laudable enterprises in whit h they are so deeply embarked. Our information states that this measure has received the deliberate and hearty ap- jl'T . . ' , ; -. . w ",,c,:not authorized to make the purchase. I ..en .:.! 'P.. I l i.:. ri . and will be unfolded and forcibly advoca- I in tli Rpnnrfs frnm tHf cpvpi-iI Floikai I. ments, especially those of the Secretary ol War and Post Master General. Should it he presented and adopted, its benignant influences will hi felt in every department of business and by every great interest of the country. United States Loan. The New York Commercial Advertiser, in commenting on lhat part of the President's message, which says that the loan authorized by the session ot Congress was not oflered in Eu- ope, says: lt doubtless true that the foreign mar ket has nol been resorted to,' in regard lo this loan, directly; bit we believe it is e- qually true that it has been resorted to in directly that is to say, by some of the holders of the scrip and the result has been mortifying in the extreme. For the first nme in ihe history of the republic, the credit of the Federal Government has been blown up both in Paris and London. From the Fayetltville Journal. Missisippi Bonds. We believe that the recent elections in Mississippi, turned upon the Democratic anti-Bond payers and Whig Bond payrers; and'as the question will now probably be mooted whether or not Mississippi should pav the Bonds, we have given to-day, from the Globe, an ar ticle extracted from the New York Herald, giving a brief and easily, comprehended statement of the transaction, which will be interesting lo the public, t'this statement is correct, we cannot see wherein Missis sippi is bound to pay the Bonds. The knavery exhibited excludes ay appeal to honor in the case: The Mississippi Bonds.-'The writer of the Herald's money articK sums up, with much brevity, from authentic docu ments, the history of the frauds -ommitted in regard to the Mississippi bond. It wih (be seen that both the seller and biyer vio lated ihe express injunctions of thj author- ity under which the one undertook to s dl. and the o'her to buy. The Bank of the U- nited States was the purchaser, and by its charter it is expressly prohibited from dea ling in sich bonds or stocks. The State commissioners who negotiated the sale not only violated ihe law prescribing the terms on which alone they were authorized to sell, but also set at naught the constitu tion of the State in accomplishing the ob ject. Neither of the parties to the pre tended contract were competent lo make it, ind in making it frauds were committed sufficient of themsel ves to annul it, as be tween individuals. The history of the transaction will be found in the following: These bonds were created for the es tablishment of the Mississippi Union Bank. The charter of the Mississippi Union Bank prescribes not only the substance, but the form of the bonds, and provides that they shall be in the sum of two thousand dollars each, "which sum the said State of Mis sissippi promises to pay in the current mon ey of the United Slates," to the order of the Bank, with interest at the rate of 5 per cent, per annum, payable half yearly, at the place named in the endorsement of the oonds. The act further provides that said i)oncis shall not be sold under their par val ue. The bonds so created were delivered to the commissioners, J. C Wilkins, E. C. Wilkinson, W. M. Pinckard, E-qs Those gentlemen in May, 1 S33, applied to Nicholas Biildle for a sale of the bonds. A contract was finally entered into by A'hich Mr. Middle bought the bonds in his own name, endorsed by the Bank, in order to evade the laiv which forbids the Bank o buy stock. Mr. Biddle purchased the bonds on time, and the payment was alter ed from the current money of the United States, as prescribed by the law, to the currency of Great Britain. The Bank re eeived in part payment the post notes of the U. S. Bank. Gov. McNutt refused to acknowledge the contract, and cautioned the public, by proclamation, not lo pur chase the remaining 5.000 .000. Th Legislature made no provision for ihe pay ment of the interest abroad to sustain ihe credit of the State, representing that the Mate had paid. When the U. S. Bank failed she was unable to goon paying, and then Hope and Co. of Amsterdam addres sed a letter to GoV. McNutt. call incr hi attention to the fact. In the answer of Gov. McNutt, dated July, 1841, he goes at length in the reasons for not paying, summing up as follows: The Stale, therefore, denies all obliga tion to pay the bonds held in trust by you, for the following reasons: 1st. The bonds were sold on a credit. 2d. The currency in which the bonds were made payable, was changed from current money of the United States to pounds sterling of Great Britain, at the rate of four shillings and sixpence to the dollar. 3d. The contract of sale was fraudulent. 4th. The Bank of the U nited Slates was . otli. 1 he bonds were sold at less than their par value, in violation of the charter of the Bank. The money paid for these bonds did not come into the State Treasury. The offi cers of this Government had no control : .1 : i . t i i i uvui iij ui.uwi?cmcuis. me Doncis were disposed of in August, 1838, by collusion and fra'ud, in violation of the Constitution and laws of this Slate. The Mississippi Union Bank, and the Bank of the United States were parties to this unlawful transac late'tion. You have the endorsement of both these institutions, ana to them you must look for payment. This State never will pay five millions of dollars of State bonds issued in June, 1838, or any portion of the interest due, or to become due thereon. The losses sustained by the contracts were estimated at J51,0S3,7S6. The bondholders have the endorse ment of the United States Bank and the Union Bank. The committee of the U S. Bank stated that Biddle had no authori ty to make the contract. The Union Bank has made an assignment of all its property, and notified all claimants upon the Bank to file their claims within eicht months from the assignments, all such to be pre ferred creditors. The bank is utterly in solvent, and cannot pay its liabilities inde pendent of its endorsement; its money is selling at thirty cents on the dollar. Gov. McNutt went to the people with the ques tionol paying or not paying, on the ground he assumed, and the result is a decision in his favor. I his is the slate of affairs in Mississippi." Mississippi. It is necessary to under stand how far they propose to go in the ,nitor nf rpmnliatintr the State bonds. IIIOIILI v i - o 1 1 is not true, we believe, lhat they de- .;,m in renudiate any bonds except J55,000, nnn ;siifd in favor of the Union Bank of Mississippi, which they allege to have been illegally, and even fraudulently, disposed of. The whole bonded debt of the State, including the above 5,000,000, is only about 87.000,000. It would have been much greater, but for the energetic course tif Governor M'Xutt. The Legis lature had authorised the issue of S15 -500,000 in favor of the above mentioned Bank. The fi'st 555. 000.000 were issued, and sold lo Nicholas Biddle. and arc guaranteed to the European holders by the United States Rank. T he second S5,000, 000 were also exeeuted, and deliv ere I to the Union Bank hut their sale w;.s pre ven kid by a proclamation of the Govern or. The remaining 55,500,000 the Go vernor refused t. execute, until furthei action on the pait of the Legis'a:ure. which action never took place. Tims, of the 15, 500,000 authorised bv the act of 'he Legislature to be issued in favor of the Union Bank, only S5 000,000 aie out standing; and it is this 255-000 000, which the anti-bond party propose to repudiate The 552,000.000, issued a f?w yeirs be fore, in favor of the Planters' Bank, they acknowledge to he binding, and intend to pjy. Ai least, such is our information and belief. These two sti ns constitute the whole bonded debt of Mississippi, or near ly all. So that, even including the repudi ated b inds, Mississippi is not so deeply in debt as has been generally supp scd. The 55,000,000 in dispute were issued in June, 1838; and disposed of to Mr. Biddle in August of the same year. Not long after, they were lodg :d ir. Europe as collateral for loans made to the United St itos Ihnk. New Yurk Journal of Commerce. Bank Defalcation. Considerable ex citement existed in State street, on Satur day, in consequence of a report lhat defal cations had been developed in one or more of ihe banks of this city. It appear-, upon inquiry, lhat tht firm of G. o K. Cook anJ Co. Brokers, doing business between this city and New Yoi k, hae failed and that they have been collusively permitted, by the teller of the Kagle Bank, of this city, to overdiaw their account with that bank and that Ihe teller went so far as to certify that certain checks drawn by this firm were good, when there were, in fact, no funds at their credit in the bank to meet them and that these checks have been ta ken for good by other banks. Boston Atlas. (tTThe grand juries of Indiana are ta king hold of the usurious practices of bank directors; at Indianapolis forty indictments have been found against some of them for usury, success to the grand jurors lor mis efloit to "reform the currency." The Elephani. We find the following interesting item in the Kichmouu Inquir er. The sagacity of the Mammoth Elephant, who is attached to the Menagerie and Cir cus.) has displayed itself during his late visit to Richmond and Petersburg. W hi 1st the cavalcade was crossing the bridge over the James River, the Elephant quietly pla ced his foot upon its floor, but not satisfied with the shaking of its timbers, he with drew fiom it, and immediately descended to the river, for the purpose of swimming , . . r i ; - across, un a sign, however, irom ms ri der, he stopped took him up with his ;robosis, placed him on his neck, and then swam across the river. At Petersburg, h was chained with one leg to a post, in Powell' liable, which 'was conumed by fire. As soon as the fl imes began to spread, the animal finding his Quarters most un- comfortable, exerted his enormous strength, t pulled up the post which had been rammed down in very hard ground, released him- selt lrom "durance vile, walked outot the .-table to a respectable distance, and then quietly turned round to witness the pro gress of ihe conflagration. (CT'Gen. David Taylor, Chattanooga county, Georgia, committed suicide a few days since by opening one of the arteries in his thigh, by which he bled to death in a few miilutes. Pecuniary di (Tiro I tips, nro- luced by unfortunate speculations in Morus Multicaulis occasioned the melancholy act. He owned a large tract ot the hnest land in Chattanooga Valley, and was believed to be very wealthy- tranklin (7'ein) Re. view. England and America. At a late pub lic meeting in Liverpool, one of the speak ers, just returned from this country, drew the following picture: He said that having landed in America, he went first to the west, and found lhat a man whocould do nothing but dig could earn one dollar and a half a day, and lhat he could obtain board and lodging for two dollars and a half a week. VThc price of flour was then 12s. a barrel. He went down jb river to New Orleans, and found the n!unts ihere anxious to send this flour to England ; but they were fearful to do so, least on its arrival there should be duty against it, and it shculd rot in the warehouses. The price was then 16s. in New Orleans, and in Liverpool 39. He rotiirnpd lin thf rivpr anrl iKon nptve arri ved of the proposed change in the cornigs f health taw. He should never fdfget ihe burst of enthusiasm a ilh which this change w;as" hailed. Hnmhed? of persons came to him. and said. Now we will have your mart u'ui tures ,:ir ft e muslins, cutlery, &c And very anxious Ihey were to have them, fit- lef the west and went to the east. At Boston, he went out by a railway to a city containing 25,000 inhabi tants, which vas no' in existence fifteen years ng-. Now, it had a capital invested in mills of more than 2.000,000 sterling. lie saw the operatives turn out, and he could run distinguish the females from what were heie called young ladies. They car ried parasols. H inquired the wages there. I ! was iold that they were 2 dollars, a't r paying all expenses of boaid., spinner go; dollars, afier paying all expenses ot bond. He returned from that city to Boston, and in twelve days after was in Livem ol Tlu first sight he saw was a woman streets. " piCli:ig up tJi'g in the Spain. The following aCcodnt of the recent attempt to seize Hie Spanish Queen, is given in a le'ter from Madrid. The force which entered the palace On the evening of the 7th, conis:ed of 11 companies of the regiment of the Princess, and that which was on guard at the palace, making altngetner 1000 men. The de fence is de.-rnbe I as having been the most determine! ami een heroic character. There was, it appt ats. firing in the Queen's iir iwing room, in the Il;.Ii of Ambassadors and in several hed-rooms; 18 halberdiers are stated to have contested every inch of gr ound up to the Q oeen's ehamber, into which they penetrated. According to this account th;- hi ing las;ed from 8 o'clock inthe evening until four o'clock in the morning, it which time Dif.j Leon, Com ha and all the officer? which were with them, finding I heir efioris hopeless, escaped by a private door into the country, and the soldiers, abandoned by their officers, laid down their arms and suriendered at discre tion. During the conflict the Queen and her sister are stated to have been at prayers, and calling for succor. Madame Mina was with them, and put mattresses near them to protect them from the balls which.' entered the room. M. Gouz.des, who was in the offices of the ministry, which are in the in terior of the palace, barricaded himself) and the assailants endeavored in vain to break open the doors. The troops who surrounded the palace and acted against the assailants, were commanded by Espartero, Several of the cavalry soldiers, who esca--ped with Diego Lton and Concha, are said to have bt en taken. OntheSih, an im mense crowd went to the palace to visit the havoc lhat had be n occasioned in the apartments, in which the bodies of the slain were still lying It was nol doubted that the insurrection would finally be suppressed in the provin ces, but not unt il alter a long term of rava ges and bloodshed. Queen Christina is re ported to have officially disclaimed all con-, ncction with the plot, hut her disclaimer Was not belie ved. The King of the French also is charged with having some hand in it, us a preliminary lo the marriage of his son. the Duke d Aumale, with the young Queen Lsabedla. IVooden Nutmegs bnldont. Somebo dy in New Jersey has been .manufacturing indigo. It is a curious composition which seems to be mrule of plasirr of paris, and rye flour, with a small modicum of Prus- , sian blue, enough lo color it sufficiently. It is moulded imo the form of indigo cake, and the whole thinly coated wilh the real , "Simon Pure' indigo. Where will in-1 venlion cease. , Solemn warning to delinquent sub scribers Oh, ye ungrateful sinners, t y-ou have heaits moistened with the dews of mercy, instead of gizz.rds filled with gravel, take h ed what I say unto you. If there he one among you in this congrega tion whose account not eettled wilh the printer, go and adjust it immediately and be able to hold your head up in Society like a giraffe; be re?-peeled by the wise and good free from ihe tortures of 8 gtiilty con science the mortification of repeated duns and escape from fall.ng into the clutches of those licensed gripes, the lawyers. JF you are honest ami honorable men, you , will go forthwith and pay the printer. You will not wait for the morrow, it is but a visionary n ceptacle lor unredeemed promises; an addled en2 in the great nest of the future; the debtor's hope and credit- or s curse. If you are dishonest, Jovr minded sons of Satan, don't suppose you will ever pay the printers, as long as you have no reputa lion to loseno character ' to sustainand no morals to cultivate. Hut let me tell you, my f riends, that if you don't do it your paths to the tomb will be strewn, with thorns you will have to gath er your daily food from the bumble your children will die of the dysentery and yourselves win never enjoy me ! i
The Tarborough Southerner (Tarboro, N.C.)
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Jan. 8, 1842, edition 1
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