Newspapers / The North-Carolina Star (Raleigh, … / March 12, 1829, edition 1 / Page 1
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WYJlLNCi: h L'.M.VT. ' 1M. ' StiltrriXt lhr' .-.'1rfTi- , u iwui u t -. t 4nro- k .1 t w'xm :h F.i.:ar- unU,n (r Mi.L - .1 Ivrrt.trmr!', "t jk U k'.ler lotb Klilrt Hinl b inaugural address ruiniu it .TTt-fi J,' JrtJrttf tf tkt .1 i.j.-, Mlte'VA tMartk, 1U9. LLow-Crmeist About to under r the arduous dt:,e that ( have been otcd to perform, by th choice fjeHmstaf our people. c people,' I avail tnvlf -of. this mary and aolemn occasion", to et- thegratitude which, their'cnnfi c itiipircs, and to acknowledge tit jntiUty" which roysitsation en- hil the magnitude , of their rests' convinces me that'nHhanks be adequate to'tWhonnr they hate erred, it admonishes roe that trie I return I tan make, is the r.ealon cation of my humble,' abilities to rjffvice and thrtrgood b'e. At br atour jof mmeat i &: ZJC 14, and t!enut? were 1.- -m.'nU- - - I r, tHe r.J f r"T!' .OTO." In NovtnW 151?, the ' ' ',! bj th-ir wul. at lr. fr M :il 544,05c, oJ tie m.te t k'vurrt la,a ti r'.'i'a of nwa 37,15 - " . V- J r-Piy. I '.enr vf con.. '"Ve rVrJ ' of' IW. committer, and .4 lit prm itat t; v ,.,H de , wfc p u w CorfTr !.!, ur-; and 1 Ion? 11 it i 'th tie ' ,. ... , , , - . . . " . ...... I:i t . f r -u-iw ttif f'lHV am limifiwf ms? ie edto.bat a million tot arro el I nu tx)ed of th meana h yrar, can never be rmiqaered tf i (V rrijvi Toe.v T 'J j-JHt jtem there f ire, calculated 10 atrt-rghen thia nat ral aafoiai'iff the tnantrvl ntl cJeerfu!ljr lend all the aid in my powr. "It wilt be-my iocrr and wi.tant desire, to ebrre Jojrrd$ Jhe Indian tribe within oik-"fc jaU and libe ral policy; and to'ir that human and considerate attention to their rights tnd their wanU; wKi;!i are consistent with (he hftiti ( our government, aad the fThe recent dfmonstratiba br putlic 'entiia'ent iuacribe. on tha Hat of eie f utie datiea, in tharacteraiw legible to be overlooked, the tak ofrrfonnf which wiU.reouire, partculariy tne correc tion of tUoae abutev tnat have . brought the'ontronaze llt Federal Oov-b- raent luto conflict with the freedom 6ft- lect'yn, and the eaudteractiurt of those cane which bare disturbed the rttht- fat coarse, of apnuinttnenLand have Dlaced.or continued nnwer in. ODtaith m A in.lViimiM. if ltn ' Vii1riil ! f..t In,nri?r.r ; t '- '. ? ktitution; it will det''e on roe.fof Jn the , rjrformance"75rX;taslt thus tei period,- to execute the lawaof generaUy Ueltneated; thall endeavor United Statesj n superintend their to aelect menwho?e diliget;e and ta 1 and their ..-confederate elationaneRta will ensure,- in theictf espActive mac their revfentie to command atatioos, We and faithful cooperation p forced and,1j . cmninuAicatiumi Jppendin. for the4jilTancement'of '. ieciwitttrfr. to'watchorer;and the Tjnblic tervice." more on tle iotcie- promote-thcirnteresta generally, rlty and eal of the public cflScera, that I the principtea of action by .wjiich 'on their 'nambert.'' hWii a ill endeivnr to accomplish ibiat dr"-j diffidence, pernajw too juf, in my ' of dutiea, it is how proper fr,jn ;nwn .'i'iali(ications wi) I . teach rne to lj to explain. ,:"1 ") ; ?- ilook wttVreVerence lb the mmplea of x administering the,'lar of. Lon 'jiiiwie vtrtue.Jeftby my tllustrums pre 3.1 shall keep tteadil? in view the tdeeas6relvanil'ttjtlt-veeraiion" t the tatiunaaa weJlila the extent of theliihuihafflow froni the' ind - that LUliverjnwer,trusungn)ereby,iouia-;toonilea, anu rnina that reiormea rte the funetitfniJlf rot office;' with'-ltour avatm. TUe aamc diffidence in" ! tranacemiipi ita 4ivithorttfr! With ?dncea' me to hnne forlnstraefibnnd aid Vipi nation' it witl, belny.iturJy to frnmtlie co-ordtnato branrhea 6f ; the rve peace, and to cnltlvate friend-, government, and for thelnd(i'g?nee and S' oh fair and, lionorabl , terms; 'and 'support of myietlowrcititena generallyr he 'adjustment of t.ny d'fl'erence 'And a ,'firtft' reliance on t oodnen'of k may exist , or arise, to exhibit the that Pwer whose phwldcnce lercifuT 'waranrebecominza powerful nation,' j protetited our hational "infancy and her than the enaibility belonging to ha since uphekl our libertiea in Various ' dlant peple,-,r;? ; n ocH tneasure as I iaif bici called! my' .'-'ardent' suppHcatitio; thit lie ,ml So pHrjue iri- . regard io th? Hehfs of continue to roake ouf belovcdltooatft -opirate States, Ihopelo be anima- the oltjeet of his divine care arid graci i)f i proper rrespeet ..for those soye- oos benediction. '7 n, rawtiber of our' Unions1: taking . . Li. , - -. 1 t ' '.a- have granted: tothe 'ienftHleratjiji in t-Vir Uiurs tn thi-re UJ!aK in p piw one in prrle7Xf,r.J vere HnVhe called on xrvstn t exato- inwtlie abe atntemrnf. and ralcn ate what erooijst ef interest the ntjtutions liave wrongfully maiW b t'lcpniwrution of their busim"!. r- Jr. A. refcrrrd t'i the exidenre uf Mr.-'Dfrrej-i Cashier: of th State isank, where he says, that in th.' ix hibit made br that Rank - for May 1823, the ap-fie .on band was tated to be S3I4.O0O, Jhmigh. 140.000 of consisted of Mark ov the United States, nonk, bicli atck. U (If. a.j .vndemood. wa$ pieticea iir a debt to. an equal amount, ' v Hut tht pentleman trom ISewbern say that the, state t represent cd in the Directory nC that Iiaitkt 7ft if t'u oHirer whose duty it fs to d. o, docs not make pronpr reporta, i the L'e;i.'UaluiT'nrrrludcd from examtn. ing into thi3 matter? I C&n any ,'onn aajr thaf tae envri'vign will orty''"" 'idtcf pnit r.'.i'HiH . iu.t tii? uTZ' 'f vf tt rrir;virati(nv .' If aa? pnilriuiw f.al dituats an the subject, de wmiM rtfrr thcra t a rase. ni 5th vut. .f thi Masa- ch tt rtpiirl. ; t -t'' . .Ilthe LrcilA!;;re of North- Ci.- lina permit lhee rnrv)ratin ( q rn and rullert tl'fir drbts f-oiu i'k pri.plr, aud distress th-'tn tn-any ''xtrnl, thry jdeanrl , He.ti us'rd not they liae, jioUted their" fit arters and 'Might to be rI!d to act omit, . ! Uatherr be any difficulty?' It i Mid ve hae ni Hcht t jwiNi an ex J u j i ii'P wi,' rv , J .j. 1 !'y In J a ! s r. It I jrni.Ur t!.ej r- & f,t ri id Jjr lyon ! y r '.'.'T, r.t h ri i'H rf'iiti !. ii.rrri ;1 ur K hi t: 1 1 btn tir U- i- -s -1. t' it swd a t I if iC 1A'...n ,r..n Wl.l.fce i pri v are nd tl ai.o .tit of "art 1 eut fir in. . rHrts itf fserv tloM-ti, ti m, will n.4 WUU rrwprft be nlxirt or ern r eiM m-'ti u.s -f fr a fao Trrm?! ilii',l.rn. Tl.c '. i-'o article f rit. rortlur,t tf the V, ton 'iSI ml t, three ihillitMii an pfil T"i'. trd'll un 1: d the wltulr ufurther lifted the Ran -ximrtiwill pr hIiht fiaror fie mill- pitble hat 111 ' ni'ire 1 ttii ar,n TZtwrt--- 1 f tir Mate ir-tbcpe'-plr tiill be nblf.to pay rj The pnirrr-!; drbt;:. 1 fer 1-1 Iter e thrjr 'o n nvL and the r.. . t tamre .ui.irxiseii i m so inau nrio.umn wru vrr r I- - 1 a- !j "it ty f.ir.tliK - ilie fomrnon law ba tor-ire, . 1 tteir hanit-i have rrome ani't. that 'when 4. corporation .ohs mre erouomual tliry are iesi ms in1aled its rharter it m U txisrd lb' btn. hiiJ morr lispod frftnebtfed.'. II ivi ? Jii the very mode J t pay v ! trtistel "tbrrrfn-, that that Ibe'centleinan from Graiivfllelthfre wnuld-be lesi difflciilty expf- hail prwposPd.., Tbf peopli Jiave a rienn d anion;; the people fmr: n'xht ti rail opon tbene rorporationa ally tWn had teert' tfpprrlemledT :.' Uir.uj5;li their courts, and thert, after If the gtatn (lank ' all procctHl to fbrfriture b decreed, take the hmnrr fle It buVniesa and dn naHnaist atepft i trapert ta their prfpertv.ri ?rK instalment. '.from' ita 1.; a j'Miriir' it tie untlerntt I In this S'ate. Whether tU.-Ktte suc- reeded or failed In the proteef uti-'W, the result tni'.t be ruinous to tu . b t intrrfst sof the people. ,' ' We ir not aay their, proper v SltalJ be forfciterfj but propose' to try them arronJinj to law. : - - ; A. aald he did not Intend to say-any tiling on the' project fres tublishiiiga new Dank of the State. was a distint t fjnoHtion, and he Cainlina i xpreSsed iii the"goVcjr- aorrv that the two matters lia'l when it is seen, that St violates -its debtors, it HI be 'a blrsVmjc to the Country, 'After luelr attairv.are wound u.v there will beleftsiifBf lent ability 111 the Jiiewbern 5c tape ear Hanks to accomodate the roinmuni ty' with1, a RuRlriencyf rirculatiii r .. . , i a it ... .ri, 1 a! ine uium. ahii 11 not, u .tii uo ijhic enough for; tf 10 tgslatnre of. 1835, wbeti the charters those , Wanks C.i:i. P .U.w;. ..... ,V HOUSE OF COMMON?. ",.: 1 that8earch iusr oneration.in all f move, on int IsanK Uutmon. ', "rnmentsisi amoti the most de,lv, XVtfohtook place between the 29th Decern. ar(t important trusts -in nnttf and.. '.7 ' ber ind the: 6ih January lut. ; ' ill. of coarse, demand'no inconsid-l '. C , X Contimtci) ; le glvarfr my lUcial Solicitude. ,r 'xaniler saltC it wa j t 11 n , !I f 5 IT reluctance that ho entered lderfO.U would appear that advan .-1 .. - . ' imuO rV.ultrmtne nWrvan of "P'!1' Ute discussion t bj.O" virf nvrr5i;i,f,i rnn,.mT Thi t viiich h talents tf the llotte w-e :i aiui'at the more anxiety, both lv,dd. It was howevn' jins wM facKite the extinguish-. Jwitanf, ami he.owe.d it to Ms pm irf the national' tlebt-r-the upne- stitnerits 'to investigate, it, Ho Mid ary duration of wdiicb Uincompati-' not intend trt go into ad. inveBtigJt-'; (with Veal independence -and rbe itioiv if tho: facts of'th case, .As it wilt counteract that tenuenc iiblic and private prolligMj'? ofuse expenditurt of moos I ;ernment. is but lor, apt, o engender. lron,ilP them as TStablisticd-Aml t "!H J 7 J11??1 Ilrthis be the case,, them Cat ' br no r .'.L-.iv.-.i:...:. iF Newbern and the Bank oftlnne. teri'.!' In rcHpccJ tAe Sfate Bank, charter whenever it believes: it to be Hinterrst to tip sof AwHVIiat are fcff called upon vt0 -do?. To fall Tlie oiacej-s 01 tlua lnstituti tn anae-count;- vTliet-' have vloted . their charter and received! more ipteis'st from the people than. .they ought;to liive; flonc. Why, tliew, do gentlc tnen object to.tfie calling of these fori potatiuNS to a(Jcourit We "are told it j-annof be d'ntf because if you , go VtMkyith yoHr nno warranfyi'llie cor,. poation4''wUr''b.dtssolred,','anil,.if U8S( veil, tne. dents, due to ana from the institutions w ill be est in srtii died. I deny this to be' (lie law, said M. Ai'-Tbe la" does 'not produce such a Ctmsequencirf atitf tit: it did, it is "competent Tor Hhis Legislature 'to. alter, tne law, tioiwnnsianuiiir wn-1 the; genlle.rn ajtfnim Newborn; h tS said aooirtea? post jucto iaw.v - . Has the "Legislature,- asked Air. Ki never before acted upon this prin ciplc?-r In theyear 1786, wlicn the L,cgilaturo was composed of men as'emifntTorvogal talents as at any period since when it contained some of the able patriots who formed the Constitution these,, men - passed ait act falling upon those wiio had been Commissioners for settling the claims ot the officers and ; soldiers of the Continental line, in much stron ger language than is tiscd in the bin at "present -betore' tlis coninuttoe, lliesyien litvtl hecotuo corrupt, and it Nvas necessary to call them to ac- cot. r The act passed on this otca eion, was entitled An act to brtuu: t condign punishment and to secure I 'ejtfestates flo as to be answerable to- the 'puhllrri tlie persons therein gesenbod, accused 6f certain crimes a'nil .frrrt'rfiUont iiparlireS.' Ate... : v. beenxonnected with each ot hf r. . 1 1 o tiHievea there were nrany willine to "jure, to naKe provision t in tins nit r Jlnf.kff who respec e.','V-Mv ;;'?' prosecute the prew-tit are nt prepared to vote for the new lUnlt proposed , by, the. gentleman rrm GranVille..'i;HeibelieveV that nanKS wtvu - sma!fA apitaM ".were more serviceable to the- public, and w mid lie inore.'fdrirctlyt managed; tjian large .establishments;!' iA , VMr.'A. f oncJudfil his 1? marks, bv observing,' that the i report made by a inajority.oftheLmetnlaeiaotthe'nRnk Uoinmittee; was - 41tttet her - anohw getlc.Vrheyrarknotert that the It is "said, that tho : people of -this State owe live-nilllions of rjollars ti the .Banks. ;.Of this eu,n avery large amounf, Mr. S. had nodouhU was dueifrora the Directors and Stock holders, i For these lib" felt but little sympathy. s.; "They 1iad ; enjoyed; the rarsre , prtiflts ' tt tne v liistitutins. and thrv might now bear a snare nl tlfe dilllctilties.; Attendant r?r- the winuifisrl up of their! conrerps.Biit so far as iodividuaU art concerned, ht hoped they w'onl'l tb indulged - as Grand IFayne, Ibe.t; of Way ik . to direct tl. Citizens to uation of tl conduct of the 1 Banks has hp..v it-. regulatv birt that i tfi t managers -of ,nrh thc"f nature of thof case 1 will his-; institutions hare heeii ' crm- allo." A -rvT petieu jo take tlU' stcpsOr which they : 11 nas -ooen saiu, .iuai ir 1110 piaie afeafrused,TIib.nttemitn' fm H"nkfUhdr.awa itn V.otcs;froih cjiv Nrvbern",Unou'g1i ' heiacknntwlctlgrb r!at',('n here, ViJInot be, 'fitifii- t'ho-'rnduct of thoMta'ttlca 1ia tnti tient'' currenf y 'Jeff- toj answer the icftrrect.' is of iminiWh i.5'tWVlilhWesofl6aVrommtt A.'. thought ' diflrore'ritly. If a man . herefjrofp hatj tM ninny Bank notes asks acroinBtodafi.m r fW,mVi hMlaBoaU.wliiCb bad caused them to dv Banks, hois tolditecannot eett, lpTH ln vame. it wouKt te ;ot exrept tie wiii exchahgo jicertarn ai4TH"iaRcl. tur .puoniMiuai h pan mount of ihoheV: of moi-o valif tiianl fs thftil should he itbjdrawn -and t heir notes? ; HeoiilI see nol i Re r.1 r,e.-9 r,cr J.t -.:; H; better.: J eticif between this' ihVneiicto: 'tUtU norsupnosel that either the few tvhere a man refuses td lend his mo- "rn,r vape; rear u anica tnwna to 'i r . " ' (.1,. it,..!. V.i.i.u.a'.'I'U .' ('...'. nejr except, mo oorrower will pur- ' "mr v' ?iw.n,.-ii,iio:;vn t naso a horfienr Wiiw i.ti.pi., Wri' 1 Fear Bank has become a xpecie nay e-.--i i-U '!: .''.' f . 'Ut Tl-t-' -,K V,k.;-'lt.t which our. Courts hye.lei larccf to is using every means to become so. boqsury. fli f These two ;Batik;itlt 'the! FayoUe k"WfrB;itftairmMf.rt nirity l.Tihe Bank Committee) said B.nkVint it waatbjftt'tihjfeV state ti iacfsbr-thP:'ca8w 90iHn-variinar;ouii juc IIai.o. ..7.1 .'it.'.: .1 4 ' - . I an Air Ant Ti' nil nitpnuara: ' " VX aim inire inc Ijremtniiire IS iy"""vv... ..... ... j- - take'what course tiieyftniilit i ludcel r0nef6Ttlih'ie.e BilHlW proper. it was not tucii' intention 1 berorn tne l pmftittcer Is trt estaDlish ( pub'lic'.''motiey, and thanrompt untsbihty o public offirers.l 'K nth;regar4''ro.'A.'-iropefte1ettf sabjects-of ttnpost,' with' a vienf. to nueijt1 would seem - to tne tha tb? it oTequitycauf ion!! and j:ompro: K iawhichth, Constitu Jo's: was enV recjutr.es t that the greatiajt"' .'Cgrictttre):'6mwcrce and 'tfac tu res, ,sh 6u Kl be- equal I v.. fa -lj and that, perhaph only ex; V. 'tb'thiii'Ynle'sliwilti'msist n culiar encourfreincnt of iny pro .W either of .thent' that; jnay.- be essential"' to bcjc nalionat tade ence; ; j y -:-teraa..im prove men t, and . the ;ih f -1 of knowledgeso far,as they can "rimoted 4v -the tPflstithtionat acts e Federal Government, are of high 'rtance."r ,4;;j;Js'.t r-i-f-; nsidering atanding arniies as dan at'. to free overuments.'.ia time :c,' I shall not ai?ek to enlarge 'resent etablishnVent nor disregard satutary lesiin , of ptdnical expe e which teaches ' that the .military be held Uubttrdinate to;'; tlie civil -r ,'The -gradual increase of , our 7, whose fi.5 has diiplayedV in ilis i cliines, our .skill in navigation, our fame! in 'arms; thev preserva of our forts,, arsenals, and dock sr and" the introduction of prot ae improvements in thetlisciplfne especially,! '!lt,aee;msoJiava:'jof43,tc$ its charter" whenever it. suited, "its ; It had hefjri obser ved by ilia gen- wfinan n-oin liewuern,'. tiiat as soon as tfif State Bank Vent ;ri"toBra- uon, u, ikhi a-rrignr,- iron us char ter, to issun notes'.fo the amonnt of St,aoo00.r.:AVidnit; think this posilioaTn as correct. "Tlie that. ter of each Bank limits the amount of itvlssnes $nl says, iha .'resprcjt shall be sfock firWtls Jh Tfumval .of sWcfc fro n, 6ns AS ranc h ; to 'a notlier, ' ' S ppose tne aviioic -fitocK ot tne uanKS , uau been prompdyi iiibsmbed 'for; ami th c two. fi rst iay merits . made, trt Kohl .arid silver, as prescrlhedrU but, the tlcfrrrcrj ; payments wel-e 'yet; to be tnatle.'l'he: BanV could- not then strre!y!; dd the same extent of busi ness as if the whole stock 'liad; been paid'for . "The evidence given to (he Com mittec, was nccessari-'y mostly con fined to the t.i'? tiJank. ;, What, 'Mr.'A. asked, was "the situation of that Bank, nr.tlio" years I S 1 8 and I'nit if .FjuM'ie i:i the aultt'of that .Bai.k in !,'-ember wav a i ' u i u t -; 1 1 1 w a .. . ed by prudenciV that I shoulHe'!1818, appears I nni the CTiCcncr, lor 'omittin iheir ,pni "was jCu!',y7.,; . i I. J notes in cirrti- tr thao fur enlarging on their hn'?At'lnn wrre'. St,t33,f,C7.'..Tn IVbni-ince."- But the bulwark of ur le-!''y 1819, -.the .'P"ecie was Jess, by 9 a the oatioiial tniiitia. whichJin'abont "3C?, but the Vs incircula- S PHra r.t -.-.t.. .. ..... .'Ot" ' scd an to trial who bud 'greatly .abused tho trust which had .been reposed tu them, and to prevent them ri rota alienating their property-agd these -men were trjed. convicten aii punished. j jfut, say gentlemerir if toe Supreme Court o Narth-Carolma call upon, these, cor' porations to answer fur their flagrant f ondactV'i the: 'coiisequertces; vill , be mostsappallingtiio people -ill-be freed tfrotn" paying the debt' of, five millions of dollars,. , whih - theyj are supposed to ow; tp thesej banking in stitutions.1"' This, ,said Mr. A. ,.wiH not, ho th3 onsfiince ori!a passflge lii". Kent's; Comnientar l ies, IW UMt ltis-nvuii. succeed t all 1 he personal estate o be hadtV ttie . : anu'th $tiffc'Barik'!charr1vetU.! Attiirjiuoi iw v'i" ,i, -V ,ii ,i,f w hen thecorporation is dissolved. It is the ilcath ol the rorporatiotu '.Jjif.i dcltsinay tlid so fat' that the'.ti'))! ration, ca n ii ot collect them f hut. the debts are pVopOrtjv and J as siifli' are ve8tcd.i-ttljepeople,:Thfr'o,i'Wrate bbdy is cfirivrii of Aha ; ;ne &.ns sutne for, itsviiebts''s'But '' cannot Mr. A. asked, the Legislature-say how tho tntmey, and proj-erty shall he iltHiiosed t0 Has' this, never been done? r What t,oolc optacey; after jthe formation . ni "our present, uovcrn ment .with'rrgar4 1' tuei estates u forcisrnc'rs. whos 1iu,opcrty was, de rlare'd tnf he, forfeited, to the 'State? U was cnftilisr.ated, and Contmissiori ers Were' si r-poi tiled to' collect l-and -disnoscof this property.' Mr. A. iliyught the' course pointed ont'by: thc';'KentliMnatV.fi'om;Crao- viiie was correct, so , tar as u ded that the Legislature Bhoutd ca) to make any apology for the. conduct aneTflnc of .the Slate ;--on jprin of the Banks; hut to jiy e, , not t only ciples, iti "Jm npinUtiV laof.e '.Mtjvifg the facts;' but the reasons aJ&, which tionable thair thoBeV'of the nresetTt hadV beea offered In rvidt-ticc, lor the StatrvBankThe stock ; of this new measures ,which51)ad;lbeei;, rulopted J Bank; is to be owned ."entirely by the hy "thesei Inliiinns These- facts 1 S 9" nnd these reasons "Hlgo td 'the puhliK iffic With.saUiies ot iiTChpons- M-ho w ill form their own i 'opinion np Ible, except so fiir as they roay ' bo t cC on strained by a sense of gowl; failh and f. Various proposltiotis, said Mrv, noriori i We hVe fuiid it imprartU only the recommeudatioiia nff lie'ina. within the bounds' prescribed for if; jartty ; and Vmiunrity of . the Bank j and Jieshoulir, lie very nn wilting Cominitfce, but also Jhe fesolutions to see the Slate embark in any-such of the gentleiuan from Newbern. and scheme as t hat pniDosed by 1 he crcn- the , resolutions and t hill introduced tlemari from 'Granville; If we es- toiii.iiioruing, uy ine gentleman trom, mpiisii any other isanK, let it ne pia Granville, (Miy VyclieiV The im-; fed on solid foundation .under the portant iMirjiiiry is, will the Legisla- management of refiponBihlo individ- turevexpiTss any; opinion, or, , take iiaiaWwith at moderate capttal,; just any steps on tlie'snbjert? and ifVro, suflicicnt, to answ er the purpoKcs of Ullftl A-tlf1 It. ilAit.) Y?.... ... ,1. ' (l..-A.miM.:t.!li. '.nil ' Iln l...f.t..r... ?,r "", '"f"i'i fv. uunri f f i uiu.iiir r- o . luiiiuiuiiii j -mm jii,', uuoun aa aiyinatioii. whicli had .taken place be- done on shojt loans, feci as always In fore the committee; the, conduct of keen its issues within its? control. the State Bank haa been very im- He, believed, It. will ,'be necessary to of the evil niay. huve growri nut" of j prevent the I Ufiiteil ; States' Bank ."r?'rS,uon 01 inai uanK, w nicu navmg ine entire control, i .iHe-rir- ipegarded hfmtamentallyVrbnK, culating mediunlof the Stafel . Siich " iut i 1 Cp'O. t gnitizatiiin of : this a sate of things he thought i.ntcli to BaiiVrri xiic influence which '.If ;Vi'. 'Oi ftn'ri:" 'Ml i. tt..!.i c-.a! j :i. ' . . ' present state f : our intel!i'encettioii v re .increase'. 100)00. : lii ded that the Legislature should; cah I Aity of embarrasing themselves witl ,?ortm!stKideriavintr'iJIay StDt,!i8 Bi?cc.avas rTt.iced to'on 'the Att fihd som It' i.riiti(lct''9G-oc 68 DireHors.! dis- tributeil ainring a principal B4nk and six Branches, with consitjerahle. and in many resnectsiCO-ordirtate nowersl These Branches arescattered over ! the i hole State,-Nothing good could be expected from a system .'srV' loose and ho exteiitjedw : If we get clear ol this i list it til ttur, he hoped wo should take.. more fit re in future In formifig aiiy'le .stabUsl.nieiit of the kind. , '. iVIrS.'did not Care how soon the Stafe Bank wound t j it,3 : concerns, provided that in doing so, it did not distress Jts hbtors.-.In his -"opinion If had done, but little; good. Judiad atTorded to j the neonle, an onportu- Aity of embarrasing themselves with some the United States Bankrai(8t acquire ovcr; the motiied concerns'. of the State, if left without a rival in a lo tal institution, would be dangerous to lihotiy. C'v; ;:.; , There is aositure in the hill pro posed by (he. grntlemaii from. Gran ville.towhicli Mr. S.snid, hestrong ly objerted. '; The , Dirti tors of ' the proposed new Bank aro to have' n. cr, to borroW nioticy to , any aniount nu. the faith. - of tho : 'e. He was unwilling to '-plydgc the' faijh.nf the State- for any "such ")ui poso.1 'This new Bank, however, is'iiot lo go In to nporation yntil the coidrmplated suit in Equity against the Banks is determined. nd when will that Ul I.I 1 3 ... ..' I II .''...! ,.9 frtsttmet if ,,, ; , Jury for' the -...t'oun ty li the Vonnbj Vonrt, at ' 7'-mVAl..i.;.l8;U.v - : " rr. f ir' ' Coimhr I on thera - . -l" I Ijeip Fellow ' f' ,t C 'ranged ait- ! Ci.i uucy,t,l" the State. whirh inmost nufortunately under tho' control of a f -w monied individuals, -aud the -general embarrassment ' and immediate ruin winch llii-rateri th good pen !e of the Common wealth, f' - the want or a sound and Sufficient cirr ul.itiny medium. It is not hc Intention of this Grand Jury . tfi enter into the causes of this dis- trrs8aiiddiCl;,!ty,t)oi'tuheap un rnj i pi-oarh upn the authors thereof ac cusation and recrimination are worse than nselel-UK ir .object' is only to . make such a Matemont of facts, that -the, t'eoplu will instantly recognise) ; the .truth of the k ture, , and be a- , wakoncdt.to .the -necessity orsjieedy j-elief,"- t ".".r!". .-. ,' if'l the dtfTcrcnt I'anloi of ' this , State, the people oveut least five millions 'tf dollars; V. i whole debt due Irom those Iris;.!.;'! us, does not., exceed" gl ,400,000; of v, ! .ich sum it is not urrrfRNonuUe to h ;-poho that at least "OO.OOO are in t Vitiula of lie wra!i.hy, "or of the a . rs of. the Ban! , and conseriun; t a- vKilahle towards-the iH - rf the k bts of the people to t ' " Seven ''himdred tho'nr ! i thercfice the whole i rulation, hich ran he ; ; debt. 'The Stockhol.' - stitntious finding, 'or p . ; 8nd .it their interesf t concerns of the Banks, i r Stalmenttif one-tenth of i. every ninoty dayfi', Jogether luterest.i :; : .r-.., 'A; very limited Jvnowlcdgt' ! rithmetic will be Biif!t(iOnt t hi flint Kur il a reiMilathiu. i chf r " ed,;will in a few . motJliH comj '- . -1 ly withdraw the. circulating t . '. ' frunt tllcfoniniunity, and tl,;t ft - i-e niiiiitlv Jhe vnliif ,if vi'fv kind (if - ,..,...y, .... ..... ;.. ..w plOpettVV' ilepenOing as jt dues (in ; fhi 'greater or lens supply i.f ii-oney-'. in rircuialloo, will be ruinously - ' " r.l - .--.I gestions "of; mere apprehension, m theprngnosties mere.tl eori tl r; are the.melancni'ty uenuriions 01 ex prrieifcWiand -have, the soli r -v au-1 thentirify of facts; y K -rr - r jur .m i.irr,, i,i 'i i ihhj una. 1' j. . i . i ' . .1 . .. . .1 i esctipcii -iiiiHi jjeprei lauon, n .mo rcastm upon uiLii i i.r in i -jmiJH u, founded, "affords .evidence ' i.f the.. truth' of flipfio!fiiateinetits. idisrr . fgro' Slaves, nf both '..Vexes, can I tommaiid fair prices, for the jn;i ; -z ?, of beit'g transjioiied toother t'.us, from ' h come the Vapit;u nr.J money to purchase. Thus, is" tho ? State reduced to the lament!1 cessity .of. :sellii'ig uff the cHt ctivo; force of the C'lintry to pay t'lts. a great'part of uhirh is duo to tho State herself. The labor which cul tivates our fields the hands which gat!. ef in our crops, and tend our. turpentine trees-il.e !. hm-.ms ants,", that : minister toor daily vants,-. and. do our daif woik, are tut re-j form the tir;t mu s ' tt iir i must' be made, if speedy i , f he not soon arj'iieu. ... ivny nr i -uw eu iiimu W 5 1 piTCClve, lUM l. e icnoenry . this Mate ofthinrs i tn ' iwy the, pn,;-erty of both i'.'..: r ; ' crniiior, and i V(!h ri t i e p . ' of public ai 1 riiafw f " ' u-, the, reopleandther-nks. '.-;Tl.is Oi - I . ; h-l I it t I ? Uiu,ncstional! ; i int ij.li', t'., i V. e i tei'Ciils of till (1 i f s f tt'ic a irn-'. nity,'in this. i;'..esti..n, n:o .r" "V.c. The evils wh i h threr.ten ti e fttf", ,w!-'.- l .- ; t at i. t:.o. a- iiV rrquire the co c, !;'' n , ; i nt. distinction r '. . Won. ' V- -;V Jt is hot for .U Oi enter into the (hi; !!s i,l f! hi h iip.lt to be nni. imerirencv. Thev leaie t t(rp-- 1 t y U e rcn ef'y i d i. t!,l3 t it M l- Not in pur, time; For if? the suit jectto the consideralion ot U? V.t
The North-Carolina Star (Raleigh, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
March 12, 1829, edition 1
1
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