.it
Tin:
r ' i'
.1.t.';.r-r...;.'i : life CiXif.eJ
tV,,'...hri!, '.!), r . v
.ATTur.xci: h l: may.
. ' i. tVf M Tr WT Mk-
v, j (. -vr I L- i-rl i. t t -t
, '! tH i f IWrt.iri.tlulfM i
, ;-rll 1 !;, in"Ci .1 trr Iimi (of
tctf't ii lor MsH on(ii4
. I WOor t th edtttr null bf
,!iture of :Norl!i Cnrol'ioa,
U.fiB faa'.Vfskffd lia I d.i.d.rrj.-irte.l , O -r.-f -;-?, 541, ri:n, arrttiie
0,eCu"; -'cr.rv f tn tr".U!nrr ta m-ic U ij r- ,t. tf ,'T t'.e Tear tan.' If it
pai a H-v , f V ii kind, fi.uo.iin- Lis, 7tQ, a bund ruuU o .be trat prwv'ev.i.ia; t
if Bfl' h
law oa il in hi ow n name. . lie wai tirsecutiaf4 tnnsf.bp' inMitu'eL 1
oercrtUidp considered m th owti-.lnM thirthe Bank yit't which m
!l lrrn:a uii;,-;.ir.
- r duty, br vtM h
t i! W . t'.e , l t
l?6l'SE 0F COMMONS." '
cn tht Dank wi)ir,';';
i ux.k phcm bctrn lh SOdi Oeceyu
Ltr and tlia SU Jnury lot,' 1 .
(Contitivttl.Jt ', : ;t
Ilnusn !i!J In. Committed
.nii.i in me i natr, . . . ..
. vJaAvni .Vr Jia J no doubt, tic
nr- of the com.'! tee was marly
liis'tVd; But i. ronsMi'iril t!,f!
rt itnjxirtant nI njusf , tuciv
, bq; tlifir attention tyr n few
"hts. llp fjeltei cil the turrn'u'rs
dps'n iovis of i!'in wiiat ' wfts
liostVintrsp t be taken. . V
line was no tlovM, MriA
!' tli State Bank hd In-quehll
ated its r Ii a ne r4-ita msnaffers
-nt liave pail no -regard to "t;na
.'ufinentsof its iJiKrterj.A mi.'
v of thii II'uso lie nelinvcd.
tfiorefoh! ttiiwse'd to tt tlrec;
lit : tt i i".
hi oe rrcoincieo, iiifu um; jbe.
iire fomrneneVd' tliis'.vnquir,
tlie ;ronJiirt'ofth.' Banks, o;
nr oipu-nrjatjon of onr la re-t
tuble ,t;ovrhior H ThS fommit-i
ipprtin fed ' oik. Ilitf; 'subject; .had
ciiapfl in THftr rnquir for
! ei'ksJ ;Tlifj hat; I'eportd
i" UirW. an'l:wt are oow,-aJI-
hni t to tMithin-istf orof eptling.a-'
!M linr ill iih-m: IHNUUIUOn, uui,
; sai!, if vp ! this Ave stiaHW
intp the vlne of oiip Bank tintes.'
se are Tri'ji ? jf e pm;i ati1-tli;'
uks liave!' iie. usdes by Hioir imi
jipe;;:caads:d?J)refjetl,- tlieiw j
v liave mot together, jat(J publicly;
tared .tlny "would-pot" pay Specie
I'nir lotos. t v
ii i ); n t ! cin a n : from ? BunCom ho
i Swain) in his remarks 'fV
io. .obierted- to 'rtMseeifioiis
j;iMtitiit'd c: linst an'y of thi'
: a 1 1. tvJijflihe
.ne ' hi be ii s (iiiteiiable-i
'i nhtHp B inks ojiglit
.li' I t!nirVliartersj tji'al the, Ie-
tore " liaii: cwnnived.j at'tt, ,ad
c!ore 1'er-n t'tiialljr t(V blaiRft with
lvk Dirertom. , IrJlfl'at
i-i'fyreticp to auflioritieff iasup-1
of, itiia piliioi.'5il& -1elire(tJ
v t!ie -fart stated byhft rom's
ran be 'eHtabUsfvedv'ii' ijJonhf
fflic riifi-i-tapicd of the nUTesx
t'n1 proh-c'iitinn ttie fesutt"" of
' ' oul'l , be, v Jjie forfeitur'nt
cnart-r and the (iiRnoiiitron'm
t orpora'iotu t!.c s;entle?'
j from Newbei h.-,aif,, t'tat
. isv, t-'ke'pJtre. 1 '"'
lirn lieadihhiioipoBiedayfi
f ai'nlwst-thoi llo'ie, br had
; 1 t n 'o iv.'rjuetireaVAVhAjt "be,
s!i!iswas. tbat debtors' to'
i he Jj :u,li M'jtuJd not; byxatrh'
-nert'ssaril be Mlwrbarge'd
' t on H-nt oft'tofr'iKfs,' v
'I'1 ot,i iiftcp. IIipm. Sffid Mr.
roiivinrrd; ffjaf the .State Bank1
Violatrd if (!iarteriftliilp
''"U .oid f (hi I tVaf q Ii4sV-
111 tll(! (, U'V. Mill oot NV-
'? be an anni'iil.itioHof be'debrs
1 U fi7ii tlie ( Oip.riifioiiiiit
ilip otdy roospqttwv -vWilf hea
i "f t!ip:;r'mifeVi if the
i! sorh.'a' ways sbidt "have
''d.toliapftftjiltbrfei
'i the rlaims of tlierrejjws
f :"' rooditw.n if: the ' drbtoW
' 1 '" rommittce sustaui me .in
'". A'idi iicTtva'"; iYot f one of
' bo root d say lift wai jTgard
fttie rotispquf-nors viiirh ih'Uctif
iy Siw fi om'.'a .'.'iJfsSo'Jutioii of
,H,ik rhai tcr. ' !'IAT6ti!;I Was
' ! in ll.is institution;
' ; -n't any ,.,'ineasi":re
( t the. isrcnrrfv of
j laii.!-;iv; Bfit bf'n. it
t n riirii'H'pfi.iti fiSsrrli-.
(iru-frr. ihki.
;i!ir as
v or
t !
t; I ;
He- ' ! ,
' via!
I'S
' . - "(J-, ; !',!o'"t'i'it hv i irrei ' u'r. I a.-.i .; ; 'i.s !' iiiO-l fi.i.shed - liiiii'nai'V l t tbft. - bar ' ,f sav. let i:a eo'tn tvl.A. sn, ! kIiow i:, J .' . . '.
pdact'df lie aid, thct-cnjio Uiociusc of. irUkinsoit, V rHjA(,1n'1crittCHitrcat!i!i-.v..o.tuittkn U that Hecate) ttAin.tbdetoc.of.afima-5NoI-.fi-oi5vtli vci-y first I site oi
t ii!
"i 1(1 t
!;s-
. :( t
'Kp CP, ! ;.s id
:.;0','p
. p i .. i 11 i
"i. Mil- i . i. h ii lie
lnn-'.; '.ion .f t
and of tLi t't.tc. .Bu1 Mr- A. ws
fpitiirn tKt nftpr thf thiiT as
d'T-'iirrd to tr f..rL4:-i!. i:drbt.i
;ud pvjrty tuirtit f etrd in the
CtheraJ AsKMutJy, II svv mitbin;
in tltA Constitution' furbiddi.i- tl.ii
rourm-. . "'' ', ,' ; ''
Mr. A. referrrd totJie act'f 1TSC
oiak"S to'trsof all kind nr'ii:'i';
aKo to a driiiti io Cgnffrtnct Jle-
pnrls, p. 31,, to the Esditat Lnici,
and to I yowAf, 34, and to other
anlborilir ubirli ,lie cited fitJta a
IVirxt of Casen. V ; 1 V , .."?
.After .dilating at -some lenptli on
thoso authoritirH, Mr. Ai ronrluitrd
wtth uotii ing tliive murk of tlte peiv
tLTiian rniin Newbern, that tfir final
decision of this ihlt. If prosecuted,
tv oiitd dotiblles be 'made irt the Su.
preuie Court of the VnionV jTo this,
be Ruid. Ke should have no ohjertion.
Inderd lie slmuld uUh that it might
be ecj(lMl there, - ' - ,; '. t-. .'
Mr'. Vastoti requested a moment's
indutgciirc, ybile tie (rare, a-abort
flos'Aer to tho ad.Iifioual legalargw
menf just urged, nml to theTjustins
asKeu tr tlx gentleman trofn JMerk
lonbiirg. Ahahdd'niug ttnj'pd'siti.ip
m bicti he ii'i! firnt "fakrtu' and aduiit.
ling. that in la'. a4iss'dutlin W tlf
rbnrtrsdH prHliir a.n fXtinguisliV
rnent of aUJdvbt. dne'tu and from
iUiJJawlir gpfitteinan "netei-ttie-
i. m (iwwiii,!. i.iai ii n.nmir posmon
fhat by ti art to b now passed,' u
ran cliangethi.spenAly furfiast mi
coodurt iuto'a' foi fritnrfe af flie nro
lrrt.vo lh -State. Mr. (. Jiad al-
rraiiy airprnpiea . in hiiow- tiiai : Tiir
piuiFi miiu . imh iiiiim impair tur-uf .
iigafion of contrayis bv addioehew
lodiiioni njr tprrosJf.itlovn. grants
luiit it louid o( t1iui direst ifa.VitU
wml of Vested rights , bv partial le
gii"tationi: and th at it ( ould .not ttiua.
by'an jp post facto' taw inflict ne?
tipnaitics for! past misromlurt. ' And
MtJ4lte!e oh jpctions answered?
BylWaTleer-ati'in tliat tlie State had
exprrised th'w power, in tnany anala
gnns And that the rightfulness
of thi9,f xerrjsft of power bad. .not '
ieM (jiwstipnedr .
yir fiaui M r. O. iliero arc- few
weak argument so frequently. urged
as those: wliicb are ormfroui loose
andrdiiifity analogies Ku weit exam-,
itipd.- ,"A resomblanre bpteen rasns,
wfcerA ther fa. any, strikes at first
view,"tlW'carr1rs8.as Well a the ob-'
MrrVant;tfUt.'(Ii6 differenre lietween
thCnt is ttqt noted, nnttttoth ic at
tfntivrly rhrisidtred;; . Now what to'V
tfietnstanrea upon wliirli tbA gnitli.
inan. rrt'es?'' In - 7S9. (tie "'Oe'oeral
Assnubly .mado,a grant, to hr Uni
versity rtfthi rilit whicdi the. State,
had t pucreed to rsf hateil landi.
.Hut. (ong a Iter, tlws, the General An-,
nj!dv paWd ei-Vegtitatincr tti
descent f Iaiid4, br-whtrh acti, per
sona ,werp admitted to Inherit, whft'.
by the existing laWof lyfl.rnnM
not fnherit,'and tbi9 land4 wore nrp.
Veirtcd from rsr heatinsr Whieh ' others
Mistf -woidd havtu'rHHieuled,, And
lfiotgcnUemnn. asks .is J.ti roostitu
tionatty of ttipse 'r.rts doubtrd? I
lia,v nfver known any'-dkriiRsionnn'
Jhc-fiuhjerli. hut I pi psume -ie actg
ndmittwl ti'fli-jf onstitutional,
a:d IVm; beVause tbaf Hlinf not impair
ttiw grant to thtf UniersUv, nor Ips
anv of its ristits. Esebeat, is
iliVf.rrturninar of lands to ihtm of
wliVim ttiey are hntden becaiise: of a
want of tieirs of him to 'whom1 they
wpic given' .'1 his rigtit to. take
Infills when no. heir can be found, the
late sirts ofthc Assembly, have no
taken ft'""! tlie. University .in, Iwbole'
or in part. ; The lipgistatfve ' power
to regulate tho deRreiit.'ol Ijihcritan
res,, the . Ass-nilily iiever-; gia'iited,
and tfoiild not grant to tlib tJnn-crsi
.tj '. and wliPii they made a gift of the
l iglit of esctieat, tlipy '.entered into no
rovenatitv express or implied, to pre-.
tent them from rserrising their pow
. - ' .. . ... '- . . .,' - . , -
er over .oesrents. iti 'ftorlj a Avay as.
they' .deemed moat f o'nducive .fq the
puhl'tc weal,Talt jiou'gfi. It , r.iight re.i
d p f esrjiea t s. tev prod ur.t i v i i, p n tv
i rt dee" di tjir U'gi $1 tore, i o a nUmr nt ,
ofjaprim ,fo -giatify, tlie popular
ctanioiii. and misled, by the iinjito -s
mbxm vupdfCtpK'i.oX 'ki, "did im
i!pi tak to repeal ttds' giant of th'e
right..'3if.sr.lirat.;TljevVRJidity of
this attempt hunt : before your Ju.'.c
t'H lor fonsidef.ition, and ll'cy,' dcri
dod .' thr hct tci bif i j'iiiyuaaf to '
Cotistitntiort. and 'utterly . tsult. . o
the lioror.r of tlie (!pim'1 Ap:-ias,;u' y,
thry iTpealed : : the nrxt f t-: n It-e.
I'l-i.-.iK'V.t.itionKl nrt,' by ,a1 'rli they
v . .! : Iave their re;!.; i nllut:.!
fbe r c 1 1? ' '' tn n n ': 1 1 as a Wr' f r u . i
v ii.iu-i f lUfrrml l) im!irem nt ai t-i r nalite u gn to t!ip f.ll jr.' V '
United . Statei jib kiri.-' tn maintain in arti l :tjr- rails in. Ar-af. rvmU,
be ori'?Kikr4
er.of-tb twnj in equity, and fcp.ruriivTtrd, ui!l pot
migut, r reo it la jr. au it in tue ep n tnm occasion. ...
name of tb pcrHOH' to wbonj it v .Mr. F'ul.er, r.f fialinryad.V
made payalte In that year, tbrlrd th-Chair. , lie nad, t at
l,tltur authoriictl tn h fc-uids'lh dl;rosiiffn Clrst rnuir.p'rpi'
ir f.
1
brj.ig 5uit it law in hit on name
A quetio aro ttbrlhrr the law
then 'rnarted, wan intended to eai-
brart b in J already excreted brfur.
a well as those lob txruh'd there,
aflrr. Un an exauii nation of all thr
ettiooi wf tlie art, the Oiurtj in th
riwp or ffitklnto fTrurAfi'helJ'
iuhi u applied only o bonus rxeca-
iwithiMg Sledded' wlii b . b'MH 'njxiii
thia question." ?, But J iplge IUlu in
Utlivermg tiii.-opmum, remarked
that if the drdsion , drpr&ded nn tbe
ropstrurtiiMi ,W.oiie.-;.iirrtio . alone,
perhapt it might not be I4ipiiper
to bold tb nctioU well brought ur tire
name ti j tu j asigtuT.'-.l'crbaps'
Mul tun perhaps - la the sure and
solid ground tn whir It the gentleman
Xf arh'ssljK to risqo" the motjnt
! porta nt IntereatVfif the StatcJIV"i
iiiip; ourriT, Burn an cxj'ri uneui
w anjr thing 'lmt-if l--t"''v.1'.
Mt will be ifeb.'tliattlfe cnquiry
wlietlir1 the net bo onstrupdwrtuld
bave bcen rrpugnaijt to- tin; Cnsti.
Uition; or iiot, V:w rtot ried. .Au&
no wonder.!- go dlirfit and weigh.
ty ;u eifqniry iBeverraHPd itlimit
.'tinrrsait'and. all .necessity y as In
the fas ' before" tlie Court savwl bv
tfin'ronstruction ' tiven ( n''the law,
Fer(ittp' t' ; it.r nipatiinglliad been
otltPrwistfetef nv'nbd," It might 1 ill
1 a ye . bern ' deemed :-pnst i t utfonal ;
The. Li;giilatu rcj a) ways ; retain; ht
powerto aner feineoif so as to pro
tect,Viit'g rfgts, lthou"li tlie
havfenotUhe power, tn impair,
chang the rigbta themsrl vrs.- And
to allow Bui assignee f a bond to
brine nnCartionn irt law'. Instead f
feaVlafffLriii"to'-hls'vbilI,-'h'Vq'uitiJ
wouiu seem to, ue mue more man
mere t bange of remedy, without lit.
jury .or .altera; ion to the light of any
patty. n. A fiwtinetion substantially
the aame with this, was recognised
by our Supreme Court, in -Ute caneid
Unrrixon y fturge?$, determined on
the art m filial which vrstd the Su
preme Coin t with jiiiiwt tion of tr
rbVst in mutter of fact. ? The Court
held, that the Legislature could not,
if it would, give them any new law
by which to decide on existing riglitsj
lut it tnigtit guetbeni juiisdutiou
dver'cbntrovei'sies whertpithey hd
nof jurisdiction before, and thus ru
able. theihliV ajiiily to tlicte idit
tbfc tsinoienl Jaw, wVich application,
not tor tlie grant of ,moie cxtinsne
jut'idictiou, lhc,,Coait might h'ae
fcefifiabk1 to make.' v
, . T'. geiillman has askeif Jand
rajArd to a corporation 'rrveittd
llie.donor.on.'a dissolution of tin
corporation, hat becomps5 of those
so- granted f. tthit.Ii the'" corporation
may bavend?; There ii no diffi
culty : nrespnted, ,1)V the- niK'Stion
Land ufu'cb a'coi poi ation Ian lav
tutly sold, rahnot "belaimed by (he
(tynorjipon a subsequent disnolution
of tho -corporatioli.'Tbe; coipora
tioii, had a fee in them, for the body
politic, miht , endure. foretftr. 1 o
this ebtate was attached by law thy
power of Sale arid Alienation', 'The
gentleman will rccollert .the old doc
trine about conditional feeB at com
mon law. I u these, if the tenantaf
tir buth of issue', aliened the land,
such' alienation barrut -not only his
own issue of the itilierit'ance, buV. al
so the i!onor .'- .after - yeyerston V.But
If no alietiatinit was ;;nmite, apd'thjp
issue nei-wards ' dicd ."the. land'i'e
verted to tLniir. 'Ii a pow'riVof
siiiu-ui- iiuKi neu in iiic esuixi' 01 a
. ...... . '.. : --. , '. .
on
en
mittee. i'b a wn(jl nbsT ati !
the auhject. Betie inx as Le t
did thai he- would bair to take t.p
aotne- time on; his own bill, tie, was
unwilling'. to obtrude. hiiuelf too of.
ten on the itfentioii of the 'llouiri
But the ground has been rliaugcil;
and lie, now - felt it . his tuty tu -m-tire'f'itnf
of. Ih6 . arguments .- thaj
have -been ndvuHced..- Hie question
now jsce'ni! to be--iiot .which of the
Reports shall ttWdintibut whether
we ahall legislate at all on the Banks,
or anlTiT them to r'arape nnnoticed?
'I be progress r the Uebate hliowa
'i II (ir; !
! -s-.Ji'.P 1!
J' ' 'l.UI f, i
- OS . i
to- if
1 1 ' . lit . -w . C-l. t'i" I ' '
-f Ins ii'-;':iTl'', fc-.J t! - j-r t
.t!.ju. i. i', tli.U . t t .." h -it.lerrJ
t! t'nort an t Ju. f. t
of "i ?!:' t'.p rrixl sN t'. Nr.
where -lieij 1 1 G---1 1. i v it r. i.
cent thvj wire. ltiMil, cn f
MfraMon, tlii ?eiK f i n . ri waifi,.
plyed.to d.lrni a t-vi chir.id
with LorH'-tealiig-n i iSro
ru putiiHimlilr, Ir the t . p. l
le'luiimr. ' Iiie evi e i oi t-1 ou w i'.! be
.i.'fd. aiid the rPWPial of ii.ion wa. Ua-rpel
l.ac ine luresrtl ibum s un,' I hr niierrt rp.
a.luM ate fctv rr a.ule an Kiu.bual it id -till. v
liIay f Ingenuity and rtoquiifr; tu ling us l';
an'.j the Jury ret urm d r iinlict . of tb'iufs
not gi.Ity.' ; Arter tho piison. r was
disrloygidrhe Mas nsked bv an ac
qtuuitanre. ttlo t her he real. w an
iuiijiccnt, or v not? tie jms nvd.
that lie rfll along thought that h- liAd
stolen the horst; but his t.twyrr on
tlie trial. had -couvinri d hiin that he
was mi.tuk"tt If, said, Mr, V. any
nf the leading spirits of tlie ," Banks
had been present In the gallery, list-
eniug to thi gentleman IroiH Isew-
! i,
4
In
fro
iN.-
1 Iri :
ron'i;ii
attitude
tlMV.lt--- :
piTHI-'
r. 1.
their - ii .
tiHry , tli
MHP. II
on tho j;r.
'It has I
! ! ilM
:" t
'.".in I
' -. P l.-Snt
I ".ks pi D.l
: .r Ike g- ri-
'.-r that
t ".'giit, fail
II ip,' csumes the
- i e. anil !u petty
'it!i the I'rderal u-
! llnlipsf liirn, hrtl 1
. to In' t!i i eo (rem
thrvats; on tlie C(;:j.
iv lirmer i.i th ir ir
prd it would pime .'a
. ( casion.
nnoi eiii nnu uif . gniuy, e,u; aun uu vom auu.juai . ie nui ;-nni that by these charters they
detenriioed to'bliug not like the preamble to th nmrud-y were no tuore Ii -lired to iav Foerie.
ruin, and disfei We, 'oirment tnMed by the "gentlemhir friim' ihan anv tndviduals in the disehi i ro
withtbeae instifuliunbi. Mecklei'borsrf Mrl Alexander. Be. .r !,.,. ....V.,. J , t , ...,(. ,-.t i t '.J
ercit r; jou, t nii nno ii, aiiiiusiuuu-, iiie paper nc iuiu in ins charterfi are not bound to, pay in spe-"
! a future. L'rgislafu're to haiul." The leadina: hrinriide of ,the1rir? '". lie denied the hositioo. t,
fthetheritlieyV'wUl -.return any bill, .however, he was deridediy.'in ou, recurriiir at the. nresent. to tlm
and il eo, then to whom TaVfiir of:-i he was In favor, of a itidl- r.nno Fear and Newhei n Banke ' '
i r barred n"aiin.t II ,-.
that nibcli Interest has bren rxritwl, jbern, during his ingrnious-and la-! Ranks, sail Mr. l, as a vitdatiusi
and thai, great difference of opinion bored defence of them,' theytoo,lik; of thrirtlcM t is, that they have re.
jrxisTs on jnp nuDjrri. ; in wira nonsv, i uorsr.iuiii, must iiave jue n ,ne- rused to p.iv y rue Tor their notes.
ue, rrinarh.eu, uiai ,a. hirnuge. rniiKiiieu a-ui sv nisneu io una mem-1 to Jus r at asttshnient, the
MMUsnal division of partie? w;is to be ' selves so Aciy innocent.'; ': '. ".':' gentleman t , i Newbffn, sex'ir.s to
svejl- r. .A; l..,-'U:-'':V-'-,.-vL"'- . t-' , "SiMd. that no one in tins ilcuv that thU is a iolationhoM.
,1 First, ' we. sec a party, disposed tolIlotiewfts tniirft oivnojied to the ovi.viiijr un the bo-k In his band, hp t..M
gT all lengths ag:iinstjbei'Baihsi PHproji'i t of the genllniiaii from! ns that thee! : tcrs ror.tained nil the
without making any distinction be-' (Jranyille, (Mr. I'otfer,) than hini."vpnwe is and r .Auctions of the Banks
il. a. . it . 'it.. ' if... . . a. -
i ween - inr i
they xaretrici
contisCalion,-
all ciibcerned '
take their property , .without n nalj fore he:nat doWii he Would ."lifter its ? if bo the fact, that the Banks hv thr."
;ize ii w in
and leave tn
say j
portion of it
they 'will rctHra1t:iu'! sborty hang, rial' iuveHtightion ;nto .the irondnctf $t.. F."fialiU'tht l.e would for a mo
fti-sWaud t'ry.afteVwardsseems ISanks.f4SiCvaaU ' Mr;r-'i it ' ,Pnf ( a the attention of the House,
the rule-ot actimCvAt thr head of is doe to; the Wrtote nf North Caro-Mo the 'history' ami charter nf tW
this party stood the energetic gentllina; h well aa to the Ranks thetn-, State Bank. At. the time'lbat Bank
man from Grainille'Mr. ltter0 .t.Vsr'vtX4'iat "'(-'a' f,,,'l,"','y should as estuhtished, our currency con
't pirt'ctly pn ttrefopposite extreme; bo' instituted. . Tho Bauk-s have hern sisted f tlie old Tn , . t,i !s -torn
stamls anotlier party. . Jt tlie; ftrht .jnibliciy-newiaed fit iolatiog iheir. ragged and nnaigbtty. i s ?; j earanre,'
wishA to dd tno'niuch-rthe second cliHi ters. and fit tirarlltrn ilh-fral and
Syjshes to do , nothing at all.j 'T lVoc. hills ncre a
scem io VHiuifijmi we ,ougni.noi n n- f;uiuy,,ii .innnrriii, nicy -mhikju Ical tender in the payi, -nHif debts,
tqiicli" these" iacrediJhstitution? it tr te publicly acquUud--f Is.the tmjv aiid 'payments exacteil hv cvi i.tiun
our.pnuaiie. ii.anqs; mcy see m o 41c,, wayin.ttiucii tney can be lestond. Auru always ma " i t!
sjre, that we should atanf) by with to iubljC CouhdenCe. .11 guilty, then per., 'J im Cape Fear
folded arms, am) quietly and calmly, it js diie.1a.tlio character oj the State. Banks also avoided
ee theBanksi vjrdattvthcir'cliartei-s,. that they .should be brought to ju . bv lenderin- tJiese hi!
aiuLsprrad I uin and distress thi-ough- th e, and tlie ifitren4liigriita pun- ris iiT their inw-s.' Thi l.eiu th
out the fandvrAi)th.f1iea) f, this ished. It 'is .hofour province Ha condition of our cm rem v, it became i
VHriJ. M1iV r -piwrr.il Mir oisiuiguiwi- jn uuuuiivr ,nr ronqruinmion, or. Kiilect ol ridicule &. scorn to t lie heih
rd gentleman ttum NfbnVv(Mi, fliefr acquit.(i;. We arc the legis. bou'ung States and our own V, ,
nnKtOn.Y Anil li mlr r- tua s1mi1ri.u'i'v( l:iM P hpH ilihrittt tt.ii I ti,t .no.t iUi ' .... ... t I . .1 ....
'My
1 y
iicy ; :
(eituratcji Am Hume, tnat,tnr exuenean vrito accorciii g to law. v nder circm.stnces'' like -thef that
iremes are gi neianynuK n nearer-to1 i ji,e w(onij ask, a we nave pot sur- iho projectors of the f
earhollier J(ian',il)ost, people'. thiiikv.-ficiintirouids vol' (iUHpicion? lie "came -forward with tl-eh
Mr,Faaid he tfioiight ir wiudd haVe woujd abj; it the facts laid below tm ittroAgl) ni g "d in its l.tw
fta Mti" i T-4 it rrt 1 1 5 ar. - t f ta nut utiinn Aiuih'iali t inaii .1 ll.n .. t t I i . .
"'d pa-;
whrrn'.
'' ie;
1. .Id.
ic
a
nri-iiuim-iu n jf rki:riiniiiii, i i sniifi.r iwrt,ei v inai no re arc i Jie cbarnfter ni the tate act
all the junior meJibers of the profes- jusl gr"ndaHof suspicion and when suf,V-rcd,viind a a')ii",'i!enire i
ion,t ' a o ,vv4 ' 1 wearetbust;sheatoliatdtheoirai-, when- piTiailed W hre oiirriiii
'Jt is 8fimehere remarked -by llio-drrs over to lie Cootts of Justice t j nlaced on ii better. rootii If
and
.;. .t it
ri:
ki,iiw worn in inesr ivn parues; r-fup";g "i a proscunmnr - look hi p;per linmej, lit I i.." i it.,
pibRfli vachyotheriirlehH it bc'iu'tno'repoit' of jour rommiltee-liK t pl.ice, not -s ion ei t '' i to Mn ie
the fact, tl.atvthcy are both "wrong:, tf the minority,' liut4nl the majority at ih- pleasure of C h i- Tli -a
tiV t rliil 11 liiln it .w I.ii.i.i . a . i I 1 . , .
wrvm ,t I. 1 .IW Ml'. . I IU1 II V" U HAi I Kl M VI H - 111 I I II I II 1 I II I III I Li T t U l .',,....
jT
. J
cJasH of members Tn ilii.s Hciikc It report, and even thn-e mi will find
coiisists;o ino.se wiiq are mq ussetprooistnaitiio UnnkH liaiciofistj
with thrjneiefisify of I'oioq: M'me- violated 1 their charters, 'nod 'don"
thing with the Banks, but belore art f In any . nets, for which niii'i'iditidual
iugj Wish tonre their; ..way pei lectly. Could i not MCapC puiiUhuieiit. .' Is
cleari'niQn JJredie.'hynitl,. they nrj? tlie; prpeJiceJongpufsued by ttie.
not ttillu.gegaid!ii.hf oiiHqt.rtj'Rintf Bank7id taking inteicst for
ces,'to htrrv-'into violent' measures! 92 dai instead nf 88, not usiu iuus
Land on the; otnrivthryAre'ini'.wilJ and contrary to. Iaw?. Let any one
Ijiugtofttann.byiandsnffer.the Biifiks make the calculation, and he wilt
a- a ..!. lit '.J.,V.. .V. - Jt ..a.:.' ". VI... .1 ?:. it . i -
in )nnirr in i-vurhiMiiai serins io
tjut till law at defiatire", and thieai-
Leu Wide fifiread rufrt tlirouclimit : .tlie
CState.', 'I bey' wish' to att.in urh
mannei: as' would extend 41 rtdection
ifo (lie people,' atid do justice to the
stoikholders. This iimtv.liad 110
1. t .1 .1 1
neiu mil, ana ine aiu
mail ! inllucnci il Vim
. a ' . ,. .. .1
r
tcnatit for life; wheo tlie power is ex- otl j;etitieinf n, '$i rl V F4aidi.'f .t he Jtyoagb.' to induce UhlsLegista'tu
errisrd the sale i eniains ttiod," not-
wHusiauwiiig ine m-aiiit 01 ,sucn;iem-,
nt.'; Vhancfjilor, JCaii. .a'arrMra'tr.'
y .made: the Xisctimiitation- in the
assati "before referred tii,' 'the
iand.Sofa'coi-poratioiiiiitViid hfixe
ttei been iiiW, reveit in snCh dissolu
tion to'.ttie'floiMir.?!',,vi'
One'; word more, sir, said' Mr.'
G.) and I have done.' rlSJvfconsidei;
ration stiajl tempt tnK I think, to
tl-oi:lle:.tlie,"coirtiriitt'e ?g;tiii.' jiie
gentleman from Meckleohiiig. while
! eiusirttsthat atytie .Banks have ai
o!..!vd 'tlsVtriii'irU-rii.-'aiid ti. at such
i:tI;!.tioif. make:i it our duty' to assert
i'.c snpreniacy of the law- by a judj.
CCIiOT;, ; t V
rri.'cec!;ti(!'
(ia
p ,,
t;
hes to con-
?' e :ta:e
est
!er,
t'i
induceine'it
r.icut ' that.
Legislature, nv rraiifiii' the
ter. ' ..; .,'
1 Mlere then, we spo i t t'
priuoilite ou wh'cli j .
cstahlidud was that it ; l.m !
ply thejstatewitti a sound ciic
with Bank notes convrrtll!
e very
head,, butche. hoped it had numt)eci:
lie. hoped it had firmness eiiuushvto
'resist yiolent'measttrf s; antl, lesulu;-
win euougn, noi;io ne, irigliretieu
flrorri t hei r d oty ; an d t heir pu rpose,
hy ih$ hinpi spei'f.hes a"ti(),flwful tove
bodhigs if the. friends of the Banks;
11 ad v ert i ng fu it her tot be cou tse
M.;it..n.'.i "nL :...i'" At
t
whole hi-ureedin& .' rtniinded him of
axrimtijal- pfiwecutloiii-tlieBanka
standing, at the bhr of tin: llotise..' as
the criminatsl ( tei'gentfe'mnn "'' Orir
G 1 a" n i-i 1 1 c; ac t i ng as, he Ai d rt'l ei 1 1 1; g
prosecuting iffircr.rwhilq'ti'u geiiths;
in a 11 jroin ' J!,e w1 hern v apea r aa'ja'd
vocate. for (lie -ccusedu.aiidf Viiir ky
indeed '.'are,! thi?Baiictii liavin
such bii advocte-i. one so .iibte, and
so' zealous! Al ;:ttiat Vouldtiesnid
in (lefenCe ol'the Banks 1; hs iVecn Kaid
by that tcoitlenian itti tie. Kliarie'of
ii lid,-111 this ay al'jue, tlml Bank,-
during its extensive operations, have
illegally ex at fed fioui the ) 1 1 ; !e 0!
Noith.CarfHii.'i, an imineii! e sum nf '
money -.Is vne extensive sieculatmii
in cbtton in this Suite, in tontli-C'a-
i-oliua, and .in Gcoriria. not a viola
Mlfll t9t HAItVI iM. . llllllf Ml, . llll 'JIH!
think of the jjractice of K ihirjng the
ValueAof their 'owir i.otes; and then
sending agents into market.; to buy
thelntip, at .; a. discount, w it kspecie
funds wiuing frtiiii flieir tlebt'ots at a
clear, loss to them of frotS? 6 to 10
per rent?';.;, Are these farts' tut stron-r
spine, v lias the State Y... u
either of the others i!.:,.- t!:i . 11: 3 ;
otir ciu reju'y.iii any respect been 1
proved by the change? lie. ,M (:.;"
not. But,' it is- 10. t nIoi;p'lft.r.;ii3
tcircumslauccs v I j L-rouHt t-.n'
Banks into existi i.re." ih:.t we f-J."
the o' llgatio-i'tii pay ; :ht'c . It wq ,
11 t, 1 1.. 1 1 ii.i, .. , r ' ., 1 . ,j
Bank, vmmu'.I see V, .-? f .! Ii wj, 1 f a
express cvintn;; 1 of the 1 uv.
Whj, by' the.Sd t.. 1, u;.s it j-e.
quired .lbat.thrce-f o.ii.'isof the stwfc
sh.Hdil he paid in g ,!.! cud silver, if
U was not intended, that it should Le-
t6,Vdcr a, prdsecutloii? '.11' they
not, lie knew not wbat vvouM le.
f.' Mr. F 6aid, helid. iiot h',,c the
Course prescribed by the .advocates
of 'the 'Banks sihee, tlie subject has
been before vthe Ilouse.-In piin-te
I'iftvXvhert an individual is wron
ly accused, lie in anxious for a t ' ;
knowing his inuoee't'.ce, k sri,. s
investigation as the otdv im t !
a ppecie favitig I . i.k? .And
tun,
com
w 11.
ti 11 .noes 001 ir.i-an .mar liiiyfl-aiisac.-
tioiis ol tlie Lank is'iould up ihosc ((f a'.
specie i
1
hat is ' ineaist by the 5th j&
it .docs not nii-anhat thiyifi!
e
"X Bank? In fchoJftfi the
and nil the circiiii
r v. liich it w as ef .' " !i
t'.utit vvasii.i,.:,,!.'
t'
;
ii.s
an,
a
miiove suspicion andl,visiilica.te I
injured ihiuacter, . The gui!! v in;
00 the 'contrary, '-always a 10"
the most iiigenio'iis argu be t.ls, if la 1 trial if he. tan;- he, i,re!'ers heiar tin
siudied elofjaeiice, and" not' without , der--putlic : 'nusplciou, to going ii.to
etTerifv: tiii ('isptays, .said for, -F.J Court, for . tii l.;.,, odiuni is 'better
I'liiiiiiihi! him oi' what is i-eported of " Jtiaii ;umshnient Mow stands tae
ii a 1
io t!.
- J er. wlin 01.ee t'ouiisheil case with the '.B.-nks.'
one now'.iio niore. but. a' d-d tike the in;n,( cot, 1
1'ave !
in his d;i,, shone- as j ci tin-' mits.?."; Do they f o:;ie . i'..rw.?.rd Lu
.1
(,.-) ..
rei!
n!,!i
: I
41M
. 1 .. ;c 11.
.11 and
'Ihe rame,"
to
s"
l-f-u,l
. ! '
is a
1o
oJ f
i of a goad ;4 ;tM