North Carolina Newspapers

    U '
1eftTe in his ciSrnrto-go an d interrogate
the people, and said that be could purchase
' pnt.'ciions at 25 cents each. He then cal-L
led his carpenVer upon the quarter deck
with a boardiiog pike chisselrTnallei and'
rule, to measure- he measured them all -the
carpenter, undoubtedly knew the captain's
intentions some he made shorter than the
protections, others longer He said .that he
would take them and at off their heads or
feet to make them .agree with their. protec
tions he then said theywere all English-
-nmenT-notwithstandinj-I had every paper -to-
prove to the contrary. Alterwams .1 -was
pe rm itted ip be 'heard. ' I m ade. use of every,
argument, and with, as much, politeness as
I;. was capable of, . but they had no other ef
fect than repeattxj insults. , Four, men out
of five were born in Salem, the other in
Brooklyn. -! He ..took four .and would n6t
take the fifth on account of bis being so
amall and an old man. ri cannot omit men-,
tioning, that e mtKMf : pressed were four,
of the -best I ever had! ;" Their names are
Samuel Shepherdir'Samutl Larabee, Martin,
Pain, and James ihslej. After keeping
- me from .2 o'clock to neatly , P. M. and
finding it amounting to' impossibility to get
my 'men Mj?&ia, toHUhJ should not. go
on board of my Vessel till he gave me men
enough to carry Mr ta P"1" he then gave
inti four men out ofithe; Doctor's list," three
of who in .were rw, irishmen, who could not
fcteer the",', other an" American" young 'lad,
born at Cape Cad, by the name of Benjamin
Freeman, fltjiaitt? pojiunsa'to send me
on board niv vessel on a very dark night
with these ' merii with the boat nearly half
full of water and i large sea runmng.
am sorry to Jind ro communication between
this and Barbados, otherwise I should have
sent a cony of the enrolment, and his pro
ceedings to. ike. Commodore -. who .is.: station-
. ed oft' .ttai'bailo. i thiuk if a certificate of
thh and tbsic.-bejng Americans is sent to
' the. Commodore, they may be obtained "l
would .sparq ,nffcxjnceif;I could obtain
them. I aniyeJ here on' the 6th ult. and
entered a' protest.' and have been these two
lays trying to extend it so as to send on the.
oritriunl to Ihe Secretary of ; Slate. I must
observe that it ,hus placed me in a disagree-
auie iiuaiton. u.jh;u,u jutoem iiduqssi
NORFOLK, January 18.
It is with sincere regret we state that the
privateer, mentioned in our last as having
been left engaged with the Ardent, has suc
ceeded in capturing several of the homeward -J
bu:id fleet of merchantmen Irom St. Uo
nvnjo for Baltimore. Our informant is a
01or who was 'landed on Wednesday, from'
onboard the privateer, at Cape Henry. He
states that he was on board the 6chopner
Aima-Maru, Bryant, of Baltimore, which
was among the vessels taken. The Ardent
succeeded in healing off the .privatscr, who
jnittuking htr gum (32 lb carronades) for
wooden ou;s, ran close along-side and fired
inn her, but received immediately a dib
chrrc of t.;i'P- a:d langrage, which killed.a
great number of her men. .After maintain
ing a short action she sheered off, and went
in chawc of the other vessels. She was after
ward beat off by the LoineSs and IVIicity.
He bays that she made tight or ten prizes;
of which he recollects the names only of the
brig Hunter, Captain Williams, and Philip,
Captain Iluflington.- The ship Ardent he
thinks either has foundered or will founder.
S!i- w-s extremely cmy and uepiy "liucTi ; j
and mutt have been much injured in the ac
lii'Ji if. notby the fire of the privateer, by the
weight oui. r bvfil MctSl was very leaky
when, she sailed.
The privateer is not a schooner, but a brig,
called l.t i?Mctfl.irfr,bc!ougingte IViut-Pctre,
Guadeloupe, mounting eighteen guut, and
had thrv.e hr.rrircd men on board when she
att. eked the IWt. She was chased iy the,
Cambrian frigate ou Tuesday, but ran her
QM$ of sg!d'.in..a few hours. ..fthc is. now off
the Capes, cruiiing for the remainder of the
fleet and for Vessels bound outward lor St.
Jarmary 53.
The inhabitants of lids part of Virginia,
Invc seldom witnessed such a severe season
a the present Yesterday morning the ther
mometer stood at eleven, and this morning was ice across the river (ckcrpt about
a hlii:) paa;;e in .the channel) a consider
able distance btbw the old fort.
day, and broughtto .towiu We are in
fornted that the-letter mail, received little
or no injury the jjewfpapers were gen.
erally mutilated.
BOSTON, January 8.
.The Seeon. The weather has for foiire
days paltf' been' intenlely cold. Thermom
eters generally funk at the coMeft'hours
of theyjLj., the latter part of the laft week,
fevcral degrees below o. Many br'turr
pumps are frozen up, ami ufeleTs. tvery
exertrpn oughfto be oiade lo tree them,
at thr feafon of the year in particular
a we, are -expo fed to nres.
. "Bank of Cape-Fear.
Secondlyr By iscountor loins
grounded on its Capital-and the .
Deposits made therein, it Will cre
ate prodigious facilities: poes the
merchant (as is now the case) want
money for the purposes-of his traf
fick, owing to a dull sale of mer-
; chandize, with which his store "or
warehouses are filled? The bank
loans to him to answer his'imme"
On Mo'idajr la came on the trial of the
ncgroel (U ludbcen coinmit
tH m Staiford ail) belonging to Mr.
William Fiihuj-h, o Cluthan, for the
murder of Mr. Cenja'"'" RflVI. We
nnd.tflanJ that two ol ihnn were found
ptiiiy an I cordcmueU l be hai'gcd, the
rill were acquitted.
KxiinH tf i UlUr Jrtm Daiiftn TnjUr,
,hlf'i GtniMtt, D( ly, 1804.
11 I affivtd at Jernnie, but found no
flei could be ma icto a profit then pr
cieded to Gonaivc, and loundthii maikct
a'(') g'ul'cd 1 beating many neutral vef.
frU, wcrat alllbepurtf, I am at a loff
whit is bell 10 lo done coiTee is very
fi,atce and riftng.
Jan-ury 11.
7lc Nnnkrit MalUSaj'e, in atiempf.
frc ) crol IVtnmaC fun, between Fal
rriiuth and Suttord Court Nome, on
-ITJfE Gommissioners appoinieil
for .carrying into effect the act for
establishing a bank in the town of
Wilmington, feel it their duty to
address to the public
upon that 'subject. One more im
x)rtarit to the .general jprosperity
of the planters and merchants and.
vety' other class' of citizens, has
not at any period heretofore (ie
manded -their attention.
It" is unnecessary to shew on the
authority of wHters the most, pro
found in research, thdt, banks are :
highly useful. The experience of
Europe and of the United States
affords incontrovertible testimony
that they are so. If successful
then, every where else, can any;
reason be: assigned why", a ba'nk
slipultl not be useful here ? ' Are
mer'cial places so different from"
ours, ; that hcte alone such an in
stitution cannot operate to advan
tage? AVe trust. not- oh the con
trary, -o.ur -hopes and expectations
are jhat the - opposition of .the in
terested, and the objections of the
timid will neither defeat nor retard
its execution. 'Theiruth is, fellow-citizens,
that if the present at
tempt proves abortive, it will not
be owing to strenuous opposition,
but to that listlessness, that 'su-
pineness and that averseness from k'i
thought and reflection which un
happily pervades too large -a por
tion of our people. We do eon
tend that the institution in question
.. recniires tinly'to be considered and
thoroughly untiefstoou, io tCCZtt cnUmcraViOTi;
universal patronage. North-Carolina
only, of all the Atlantic
States of the Union, is destitute
of a bank. It is the reproach of
.our state that not one advances so
slowly in improvements, and so
long as men wilfully shut their
cars agamstlaT6rTand aTmTrVt
tliat rqjroacli must remain.
In truth, the enemies of a hank
do not found thciropposition on the
ground of its inutility. They know
too well they would fail there.
But on the possibility of its being
misconducted, a specivs of objec
tion which if admitted, would have
equally operated against and nip
ped in the bud every schcmcTor
public benefit which the enlight
ened understandings of men have
brought forward and successfully
improved,, since the creation.
Let us examine how, and by
what means a bank Will benefit
the community.
. First. It will increase the quan
tity of circulating medium. It is
true that it will be paper, but that
paper not like the currency of the
state, a substitute for gold and sil
ver, which it cannot command;
but a paper which will represent
gold and silver and be equal to
i diate necessities j and saves him
- from great loss,' which a forced
sale. 01 his goods would mevitabjy
bring on him. - ;
Is the planter pressed for mo
ney, his rice, tobacco,, lumber, or
naval stores at market or prepared
for it, but owing 2 to tjiC state of
business there is- little or no dc-r
mand ? From the bank he receives C
aid, and thereby1: obtaining time,
! at the charge, of one half- or one
per cent, he is rescued from a loss
of 7 1 5 to 2 5 per cent! on his pro- s
duce, which he would suffer by-a
j forced 'and untimely sale.
Thirdly. It inculcates and en
forces punctuality. ' If theore was
a time when this theme should be
pleasing to mercltants only, arid
unpleasant' to planters'.'that time
is past.N The planters formerly ;;
ycre altogether on the'debit side !;
of the books, but now the tables j
. are turned, and a system of pun.c- '
tuahty is equally desirable .by
planter as'by merchant.;
"" Fourthly. : Is it not a complaint,
tliat.our mcrcliants ;want -enter-prizc
; that our port possesses no
shippingof its own, though scarce-'
ly any part of the United States
. is in possession of superior advan-
tnges for building vessels' PThat
a number of manufactures are not
established which might be carri
ed on to great advantage ? And
to what is nil this owing but to the
want of capitals? Banks then,
in their natural operation,, furnish
facilities thai in a very considera
ble degree supply the place of
actual capital, and this will - do
the same.
These arc some of the most
prominent advantages that result
from banks, but there, arc many
others too tedious, however for
shares; iiecause the pficeccC. their
stocks :and rate of dividttuls arc
not published ; but therelcan be
no doubt that their- profitJ are iu
a ratio with. that 4f others in the.
proportion the5poperatiqis bear
to .those of the higher gm le.
Virginia of late only ei nbarked
in the scheme of a banlc 1 That
rtharstate- ha sbecome4ul jjrensi-
blef the advantares that would
result from such an institution is
evident, from the eagerness shewn
., oy 'intuvKiLiais;. to engage
and -the precautions whici
sembly took; m the act
in it,
its as-
. V
r; erect-
should '
FiiJr evening Int. n hy the rapidnr ot . them, because at a moment it must
ih current ,auic 1 fume difljnce down the j! , .uw,- n
flrrim,al I wo of iheStage huilei drown
ed. 1 heir) til wit rtcwreicJ the neat
command thchi, or the bank ino
more. . .
Doubts ltavc been expressed
whether characters can be found
competent to fill the ofhees of the
bank, who will accept them, and
who will have and -possess the
confidence of the public. To this
ina v bjisYcred jjynh propnejtyv I
tliat if our community is not com-
posed of a greater proportwn of
men of ability and integrity than
that of others, it certainly is riot
of a less, and thca-fore Mich sug
gestions arc as ill founded as unhandsome.
Respecting the crrt6litmcnt;V to
be derived to the .stocklu elders
from the operations of the bank,
we can only reason by analogy.
We therciore state the iact, that
there U no bank in. the United
Stales established upon the fair
principles on which this is found
ed, and in due operation, whose
stock will not sell at a considerable
advance. The great banks of Bos.
ton, New-York, Philadelphia, Bal
timore and Charleston, it is well
known yield a very handsome
dividend of profi tsJ periodically. lj
Shares in all of those arc above ;
par, and in some nearly 50 per J
cent. Of the banks of lesser conse
quence and capital wc are not J
enabled to state even general
ly their profits and advance on
" .....
ing it, 'for preventing -a minopoly
or trre shares, and. thai n
than citizens.: pi " the -state
hold any portion of them.
V l Upon the whole, the Bank of
;f Gape-Fear holds oitt, to hilividu
iais the fairest; ; encouragement.
The principal embarked ii it will:
-be safe. ' No doubt can b enter-,
tained that, a prpfitequal to the
legal interest of money , will result .
from it in its earliest ,stagei and
that in. the courscof a few years,'
property tbereirt will he pifcfera
ble in point of profit to real estatci
most kinds. - H
Wc reiterate the, obserj. ons.
maje in the- former part of thi.
address, that the-; institution re
quires only to (be imderstxi to.
receive general errcou rage tnent..- .
The Commissioners conceive
they have dischargedthelri daty
to tnepuoiic oy tnuscalintir their
attention to a subject in
the interests of all are so
ally concerned, and shouH iny be
disappointed in . obtaining shares,
they may blatnfi themselves alone
for not', profiting by. the . Hernia
tion furnished them; - I
. &jrge Hoofer,
'John London,
Riehard Bradley
' . milium Giles,
. Henry 1 Patters,
John IPinslow,,
' David Andersoiiy
' William li. Grove,
Dmicaji APLeran,
- ; Robert llalliday,
Peter Perry, '
Simeon Belden,
u B
V5 E
Arrived here on Friday last, the ichoontr
Tatty, captain Charlea Ssheppard, is tliitk
frjru St. Croint on thes28thult. in hu 3L
r 10 N. long, 77, 4o, apokcthc aloop U iljiaili
capuin itor, irom 4imuietown, (Lonnccl
. icut) IouihI to Chai ltH (S. C) wti 61 dayt
having oo board a gentleman and hisfamUy:
.She had tost her deck load which coasUteii n
Tuulcsand hay, hud only two gallons of watcu
on board, and her tail appeared oiuck ahull
.ered. It blowing hard fromX. W. captain
Tilicppard could nt afTonl her any re lit all
though, he remained in' company with htt
fuur hour fur that purpose.
Ettrt y a Lttlir from iXt City 9 Waih
mriot datta januarji.
" I hate recently received a letter from
lYicud who accompanied ou fleet lo the!
Mediterranean, written, at Malta under data
of the 30th Sept. 1804. I will extract a pare
of it for vc-ur use. if you have become yol
aeted of the aame, or nearly the aarne in
formation before yau receive tlit, wrhich I
think probable, you will give me credit fop'
good intentions and the account between ua
will be acttlcd. ,
' The following otracti will, perhaps,
be acceptable t . ,
Commwlora Barron's iquadron arrivjl
here n the Jth, and. ft II in with Commodo
Trthle, off Tripoli, on the Sth imt. The t
tcrprlae of thti judicioua and gallant Cob,
mander hat effected astonishment here.-
You wilt undoubtedly have the facts in let.V
before the public With the small force hn
dcr his command, he bat stamped an imsJ
sion on the Uarbary mind, which will xi b'
erased this generation, and has reiloriJ W,
character of our arms, to its properfraluo
among the neighboring nations. As e Silence
of this conclusion, 1 extract the foiuwibg
paragraph from a letter addressed lota Com
modore,byt distinguished Coromsiler in
the Dritisft tavy, whose ab'ditis.i v YaJor

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