North Carolina Newspapers

7 "V, j ... v'V' . ,,.... ..Wilt Vl Lt.J--. r 1 tesfc . j m - i y " r - - ' ' J Vol. 19. i. .... .' .. '." " ..-.;t ...; ' i ' RALEIGH (N. C.) - JBIKTED, WEEKLY, BY ALEX. LUCAS. Ttnnt of tubicripliuni Thite dullns per yeii, one half' to be paid in advance Na' paper to be cvntin ed longer tliantbrce raontlU!tfr a year' sub.criptioa beConoei duf, and notice thereof tball have been given. ; AdserlittmerUt, nt exceeding. 14 line?, are insetted . tkiic fr - one d -Uai and far twe'ity-fiv..' cents each subsequent Inser tion and in like proportion where there it a greater numbe ol 1 nc than fouitee ., " Congress. r&3 SPEECH OF Mil. H.iNSQy, ON TKB LOAM BILL. i Mrr6hairuiah--With (lifficulty I haves beeo brought to participate in this discussion donCkeves to Mr. Gallatin. Th replof that minwUifc mast alsbe - fresh in their recollec tion. iSo direct and explicit 'Was MrTGalla tins - aniwer in regard to taxer, that many at lh Um 'snpposed,.! wag fu-Jy persuaded his vojccYiai to aeter ,the congress from declarin I with a divided, disheartened people contend ing against a loriuidable nation, united ,t9 n man against us by what they conceive to be the justie of "their cause -flushed by the suecess which has every where attended their ai ms, left without a rival on the globe, what must be the consequence-; adherence to feeble and despe-i war, by holding up to their view a friahtfu .c rUu,,,nTt -, - , ,,u" s"55,c p oi internal taxation the . inevitable the eontmentV let England pour hej veteran in- consequence of war I must hesr Gentlemen to Let ' her resistless marine, no .onger restrained fey motives l of Wmanify, lay waste oar seaboard ; where are our means of defence. Already has army after -army been driven , out of Canada, captured, .slaughtered ? Loan after loan has been npffociated and wasted, and without '-our rulers condecendliig to tell the people the caas e9 of tliVie disgraceful failtiresVbut when called on by a Solemn vote of this hotise to make reterrinsr us to a mass of un- ,1 cn." wun me wniift f B'n Yirirni Irftw the Report 6f the Committee 6? Ways and Alean to which J allude. ' he Pptsident,- in his -message of had suggested to congress the propriety of provid ing A revenne sulBcieijt,at leaat, to defray the ordiutipy exnences of tbeiaterest of the public debt, including thai on net loans, w hich may be authorised." The com mitfee in their report, thiis respond to the Presi dent 8 suffeeitlon "'An nrtvm. a,,., I Ii -iL I'll a.-- . I . J j ny uays auer in&om was reponeu me uuesiun i k)lflWU tht. oauses, -xiau ornieumy n .. - oy enpgiug in u, 1 1 rai!anj doca mfntfrom which nothing is loHhort of tin requisition, ivould in he oninio W a burthen would be ,mpose,r?po me,-pstetefl L,,t ,idenee of the infapacitd of tbeonimittV S der the weieht of which, a more vieorou hmiI .. . n ...u i . lj ..r -if i ' . 7 l'rRJ ore improvidence i nd eenstiidtioB-thfti) I pase mHt tnf. I- shall never' heless, with- as much ealmness and temperance as the magiiitude and cbaiacter of the subject will ad nit, examine it in all the re tions embraced by the reflection 1 have been a ble to bestow upon it. . Personally ' convenient and necessary as I of the President, the Iftteibf tte'Seeyetafy olt the Treasnrj j the Report of the fcoisuinittte toi vv ays ann jvieans, tand tiie opiuion . ike court pany.nere eipresseouy tke reception ot that reportin applying anil able epiUiets to theex f J chequer budget; ' Out tf his on ft mouth will X ADrlPtt III iiha nrAGDtnl inn nowledge of the actual state of our army re of the eontest info hieh ii may soon be drawn fusiug to tell or unable to say what has been the io defense fits unquestionable ri-ht nd r.. . il... -1 1 .J 1 - . - . -"O 7 - l"c wa ur w lue siippnus aireauy me repulsion oi long continued and most as uted have been applied keeping the people grav&ted aggressions. Should the ruin&us sys- cost coudemn the hon ehairman; A(lhe last sum4, mer session, the trentleman. is iihairroan.of ihe? committee he. M Hi .furifsit!et5'i'teP iiit jrodaeil " a;; -report wluch t&e house; ilV indulge ine withl ' reading fa'WtfftTktf. (tf mittee)eeol'. : it uuneces8arv4o say any shingatjfrr the nece-v when the generaJ rate expenditure haa been so mueh inere'aeurei ateeessArily em ' -nected withastaefaftfrttvisiori an additional revthulian, nd longer be. delayed, . without cwUltiim op all (bate principles heUL. sacred in iverpouniryi i tbhereJJie value and' -important of- nattonil tttdit have been just Id estimated. And yet sir the honorable chaiiv ' man who addressed jfnis house and ' the hat lea in the maanef Wntioeed rfter a few short moas.Tjirr'Ai14 nd disregarded Alt those saeipjiiBiiplvtlW Violation of wKivbi ... , . i uiuc iiiepiuou win a now me ; grear aejicit in trip ppx-Anti' t6" IMfcfrt tht?'intprest nf itttp ituK- lie debt, the inierest Upon the- new loan and thtj revenue the acr0u..a..j ;cu..tcuicui aim accessary Hi.!. mnat A.nivi...n.n.n nJ n!.;Nr..I';a. ..l.T. . TTr. have found itto: abstain, heretofore from aiwin r active eoncern in the eurrent busines. of the . .ii . j ' , . " : "I. "r! v . 71. -V "? ouv ' exiraorainary expen -the treasury report n .-appear mat a house or indeed to afford in v due proportion of aid 1 16 PFe8eu and succeeding yeart ; of S 12,030,00. will e necessary to, defray . . l j ii i ii is win : ij v iiibi hi hc lint;. Hir. re vii mm hi i hi iui aisn a , iiiiii-i;. 1..1 . .ni . i- r m-.m l - .. i . in the more important proeeedincs that have : to- i - .i. . r i , L , o utn oi ipe oraiuary. expenses or inen peace esuiousnmeni, ana suits- occupied the attention otebUemen yet oniBJ ,,BTltaVBV -Se,ther- lats, denunciahon nor expenses of government, and the interest on the fy the interelpfihf public debt. ToWf, "occasion it seems tobe refuire7of ve entreaty can force or sednee me to plant a po,. public debt, including that on new loans, be tJis sum of tlv'e milUs, and upwards, thd1 her to be an actor in place of a lookeon I eastof my eoantry,- already blee,- suffered to prevail, and no additional revenues acting Seretair of the Treasury, in the aaiuali am inaueneed by feelimn more livel Uian a . ,anS"'" S o m any wor nds. ; he reasonably provided, it will result-that the report of that artment on table, estimi mere sense of obligat of toTy cenlthuen s. in r f?? i'I T'v? a mai "y to authorize 1 at es the reeeipn the- treasury .w : -. .. . w"S"wm cMiwuiueuis, in l1BUt8 to the ranee of debate I find mvself crhd. - darintr tbe'tvMr.initi :.. to ri iJi. i.--i.u.' . . oienmng a nearly opposition to the bill under ;nw ;f ,T V1 . .... : u in " ' : T' u M" au",uu 1981 ,eaH. """".anf. .a. r.. , , cnsideraiion, or if the eHntleman who oCeunies k 8i 1 7 tL . T S , 'woy'vuu ttna w 1814, to g 18,220,000 lands,' at I - '' " S6,600, the post of honor, in MZoZZS. b,udJet "e(!Te the houw; . If. 18 r110 8on.,e d': Vh t9timate. .was deed liberal at'the time, Internal revenuis 'and direct' tax 3W . r - ... .. i . .. . .... ..uuuiin u CWA?) prefers, the expression, 1 will sav a w .k. ! " ""W 8 lort.of the ual demand) Balance in the t?reasarj urtmatic nT,nait.lnt,vjHn.h i uj mc man inau ui me eoiiniiii- an vpcraiion, M'nicn.uy throwinsr into the mar- ' " " ' shall be alws pron pt in afford 7tV ad Tit' I7' & f?r . bPfanC ilt- kS an amftU"t wf Accompanied i,i -nnnpiv J L.li k. f, 1 J .JS -deba.te ' was content to have eonfi ned to4he- with no aden gate provision for nav in JL th Sen. VV".WJ --"-twohoorabIegentleme,(M aecfuing on such asmVbeVrVedTMakinganee After the exhibition of saeh eommandin ! l:?..W.,!.P.r!ded. me: . '.n,"8M'owevf rlb.Ht re,y,nS altogether upon the decrefife abi!; For this deficient nofprotlsion Is Total OCO 000 . 1,180,000' ii, 280,000 commanding Lk':' t ..J7Z' V r.'ri.: " J . " . 1 1." '."'S Ser upon tne deereWing abi- towers, of elocution, such rare faculties of rea- 7 . HrT1011 ,n i 10 Dorrow fur the Purpose of pavihg such in- ,. l., 4i, ki 4. , , ; njcti iimiiiijuus cAMusm-i-i m mc puouc nnances Z 3 7 gt-nuemen who nave an, re9ourees. The prominent and 770,000 . a . .5-' J... r(1, . , . Ieci wmcn runs tnrougti tne exposition eulty that I have brought mv mind tn enenun. u .ttr.i.- .P . . ' .1. Vf.. . iiuiiuraurr camrman oi mo coinmitlee of hi hone, fer .pe raortificatibri 'Df following at so ?reat a distance behind them. I will follow them, f ,h. . v.ittiujiv in apjjiwu.cn, iiiucu less equal tfieir ijineomnion eltorts, I mav be excused for an hnances-iterest, must have ainost unfavorable effect, up great de on the general price of public stocks, and the ion of the, consequent terms of the loans themselves : it ;ouId, inances mav be added, that is so imnortant that 1 mii'sr ilnim tho imtiilvanfl'i.'i w : kAi:A....j l. i i ., ' ; iv-"v . ucucfcut lt luunu m HP tllinrrpTher imnyofo- while I atteniDt to exnlain it. identtd i v. vi v-y rLiiixiat. lul ri. i,im,i i it tit tt ii it 'MwYi k0 nnn J j vvar. uw 1, I the capacity of the people talend, he has failed to elucidate the ability of the government to borrow. That ability depends upon the dispo sition of the people to invest money4n4he ..LI!. .i 1 - - nr. . . . . . . . houndle.1 nrosoeet h,h th f.w..... J,.uo.l 8t0 k' 1H- pronuce that u.spesition, -tntnindilno,.! Y.li "L " .Jil,,c" 'rsi musi pe consuitefl. It must be wnere in uegm, now io proceed, wJien to conclude. tumble attempt to emulate their bright example. 4? BuU sir, now that I have taken th florr. When I look before me and survey the vast and Not that many topicks of interest and mai-nihid j- i . . . . . . o no oof. remain unioucned, . through the consi oeraie me not made theirinterest to le'iidj by furnish ing sufti cient sovernment securities, nrnvuliiin. i.wtm. nity against loss. If a permanent ellieienl-fuud T,Aia3.a VL , V u I weeonsi.(is created, coextensive and coeval with the pub politeness of those who have preceded i;a ,ip,r L. thai , i - ,", , J , V -ePuu-t that thpir ; nir.tnor-fi. i. ueut,aud tnat tund nledged for the pay u,ai ueir IS an7 "earth of reason whv L.nt nf n.a ;.,...o .1 . 1 3 ml irrluroBt n kunnn . ..UI!. i-. . i made or proposed;' -To this defi cit, admitted y the head of the treasury department s to ex i st in the sum mentioned, ought lo be ' added Tr--'lT tx', CH-'. it being the balawee b the treasury 1,180,00- at - the comhwmeitL? of the - ; ! presentVear j hieX'wiU swell . 'P the deficit to':'lC$f auv uc&rui 01 reason wnv , t . v the capacity should be witheld from those who u ! : ",e nre" l,ie capitalist may then see (are the terms in which th evince a fixed determination to pursue a mad y" he " reate I ? , V ' ' ed ?mP whhb is nw be adopted, and ruinous career-nor that therl are not still K,7i . 7 'he ability to borrow, by pro- rather tlmiMncur popular odium, by provid higher obligation, than those imposed bv a W" 5:C",;re8-J"ud,n; d,s.P?"tw ?. L nd' the only regdar and praScabVndl of country which command the patriot to break C f. f l.tn- c1nv!;l,?,e- H" .Mi.troto the requisite ways and means, o leave no doubt and diminish as he can the force of a blow aim- J t Parity by resorting to an of the latal t endency of such a system, in their ed , at her best interestrtut it is setting f taXa!,,0n' 0U fai1 Pvide a judgment, they proved to conden Tit in i adrift Upon the vide rean,it is likehnnti tg Suf KL l PTnl forarmimnta ta arnv .n . ... . : .: " M,rui iue interest, ana looKins to the era- We ouWte 1 - ... - 1 -wwii. ii.fi numii'ii mmi u.ii Km t a i n0t !t 'oan ' ',!lve mucn respect 1 jr ine Muneisianuing ot the luuse to enlan upon I Ins tnniek ovetnment and must if vie Me, tn. nrn duce at no distant period, that general state nf r""1- umrruu, wnicn attended t he national finances during the war of the revolution, and which nothing- but the oeculi ar ei'rr iinnrKTippa TI11. hfllnnAP Irt thetreainK at thp of theountryrapd the want of a well organized ment ofahe eurrftnt-yeaT ealiVirly said 1 ind efficient government, during the period of form no part of the revenne to pay the expense l'll i tout rpvnlutink ..11 J... tt' : ' -a.ll.ljii J it. ' Jt7f-;'J J " in langnage jast as ir fi OlPrC strong the system of expedients, now recom- part tlneonVe eSl mended, reprobated as ruinous. dMir,iv . f h uJi'K-.i T I'JMM publieeredit,. and evincive of' the ineffi enlw, nn liiTlIaW I- i J vmimi, IHy and imbecility of governmeit jdui strons: as e committee, dpiuninn. one ptausiblerreasoii r'he asssignr-d for rtsohini uanee, sufficient'argiiments might then be call ed for to demonstrate the propriety and necessity oi us termination. Lotihi encouiagement be de rived from tbe pasff peeping aliv? hope for ,thc futiiie, to stimulat e us on the one hand, more Uian a counrervailing depression and despon denpy would be produced,' by a calm coutem iMionUhe wonderful revolution in the af tairsKtf the world siiice the fatal ever in l,e 1... rgeii After a fair and deliberate examination, 1 pronounce the system of Ways and Means sub mitied lo the house, deceptive &ddisi genwus. These are strong and harsh terms, hut! speak in (hejanguage of the distinguished gentleman who . now presides in this house with so much abilitv. d . i j. " i -. . -. . . , , toented hour when, administrating fi , " ? l ai$!y and imparl , ahty. 1 speaklhe . . . -- ........... lancua u ne aip. t. . j . -j . A!verv lllp ernfp ftf flio ficnl -. . ;fi .- 1 . ..a, tuncerns oi , i lie- govern mem, unaer me very hist pressure of active war, or to have deferred submit! ms- f n i W !,.,. such a svstem as in the ce was maispensaoie to plane t be rpvm.. Tt . . . . . . . me country upon a basis' &Wimenturate with the puoitc exigencies, would ;n their iudemerit, ..u.cai umc cviuceu inline eyes ot Jbreigima tions, an imbecilitofaction and of design, the vv.d ,u. .wv.i uiu9i ul- loti ouvious io be mis- taKen, and as it regards our -own countrv. have indicated a policy as feeble and as short ungated,-as ii-must have been . . a. ' " a 1 ' . . " WI.VII VUII0IUC CU UK. i-.V.i - - uua,,c u,,u j cEPTi vr ana Disingenuous, as unworthy the -i -" " " iiii iiiiiii:. n mi iiiwiruuii iia - im n nn waKM.A4i i n nnnL ir I mn . i. i. . ' " 1 Uiij i v.i iiiu iiiriiiiii nirtr i iirri 4 itit rime rw f vuuiiuciuuu which can oe suffe4tpil hv mimic . . . . . . , f MlC( a if u r re azii eniintened rtntitm a in devoted tothegbod of the lun? Sy d I tTZ f"" ad "P-:t resut it "would have b1ehTn?fc7StVit5 gaistlbis MllWe : have still much Jlot -8btiBr!8,?' "d Paralyzing to all its efforts.' every thing to fear, nothing to hope, and as lit! TZ, ZpS J,: L! the foree of the re; lie to era in. , . - v, .,. .v ruiit,Mu:cunuaiui wuos nnrt wiiieh htva in t . si .. l l lone series of tiWl.:. .Jf .. ! "c P'f.iree.an.a well regulat- impair its strensth and Weaken i, fant.luVi: tin o i ",: ' . "nun ea firovernments. when I sav it is rn i.i..'..j k..'.i:i4 r T,.vl,11) uc pursuing apnantom grasp ns at the ' dest rnetSve nPn, ki: - V. . u I UJ wwfllBe wnd maxims and correct .shade of. a8hadow.. At H. !.:. V a,,c l,u iem oi loans without nrovidin? the wv n,l :t i'..n - . . -. :.".V.V"-M accrued the last year. 8othatarealdefii.; nearly tw.o millions exists, which ho funds? ar Srovided by law to make goodV Buta fair de uction being made from the sum' charged for" the sales of public lands, and the revenue from. the customs and sales of public lands will con sidjerably increase the deficit statxd. The sum so arising is stated at , 3)88,600,000 Being reduced one third, and ad-, ded to ; . ..- - ; ;'. the, deficient already mide oht 2,300,000" ',930 it will maker atotil deficit, admit- . ting the laiid lax to be renewed A To reduce, one thirdheestinTateofTeveiiue to Arise from commerce and salts of nnhi;- lands, is proper and heeessarv. if our object i pot to deceive the people and ourselves, but fn1 arrive at truth. These sources of revenue can hardly be said to exist. Dufinsrthc war. wliiel. has caused the devastation, and depopulation of the fiontiers, it is not evideiit much can be expected to be derived fpom the sales of lands. During ah embargo, reinforced bv an exlensivi " and rigorous blockade of the enemy, and of it self, so rigid tliatit.il .a. subieet of exultation among its authors, that vessels 6f every descrip tiou exe chained. to our wharves, mi the nort are, hermetically sealed during a rigid enforce meni oi a non-imporration lawi to be supported ; I i uy nuuLiier uon-imnnriAiinn law. u-nnr ncbiu W t Ar I . n ' -. . r.. . W 7 ' ' ' V ill l UL I I I'il I I Tl IT M II 1 1 - mill mill . n 1 . . B . 1. .. - . . ........ I . T . . u aw Tr m . . v.. M V Miry iiitve Dcrs itHi in thhi .'i. :..i-i . . -i . pi."in a uuimi mm lor an ptn imt mmi.. .rk:u l j i .. - - .- . ' .; ,W v..fxuiuruu until, tuna securing the nnhlir ereditrira in th. nK ft.ii..!.i:. 7 V - vy'Hf""? c uerivea ironi commerce r , . - - nigh exhaustedand without the most d - nrosnect of rpni; .:.. i..: ... ui, . mc principal, qi uie public debt,- s. that h . i . ix t:-v " . 7 - r- -- ,r ".---..v. , T " . ."-",55 ",cu sionary expecta- it s a maxim in finanee fundamental i nr:..; i 1 . "V M c ue m" 7lfle- ana 10 regard those maxims and pr ncip es set - ( tions. It may truly, be said, the sword was 'ple of p7Z "hZ neVer toWow V measures, which wilCwU1i forth in soch'strong language and soP high lr " I drawn aga.nt ourselves. - Fi- in the hope- providing Z . WW hre ' ' Wirfe .toeflscowWmrate trWtte commended by the house on -a former becasioX less attempt t0tsubdue Great Britain, we vvL Lallv ex disgraced, humbled, deprived of many valuable ' "n a SifTe lint s v tern ' 0 e o. t f lh n u hich Pttb-is a departure from the fundamental principle" ' . . fe8it ntn r9 l0aded Wilh a" ise;?he te e; ol ans, is to a'l Z i mos , hfr "r"111 ' T"1 eaa!f Pubfic eate a debt witLut o! . , j !biLthpubJiWafety . eopar;!ized,o .the. United btates Jo pers0efe,inllhe contests vidin? the wars andmenn. .At fl. "aneeSe Sd&" ',0U .. ment.f the interest. So la j all th7 writer sJ ! " rbara"ce"Mhe national baukriptej! Wei "32u & f , 1 i- ' w " onfi.;. Among them .MrGallatin himself, , sword was sheathed in the bosom of our own 1 ,BmW. ' f .Jl " 9f.dJ"A"Cfi' reF?rt Jvmg oth ng to be added in in hisbook upon finance, and the ever in hi 1 -r- country. England conquered, where should I Cnn Hamilton, in his Works. iTiis we Have concealed ourselves from the seareh- muehrrcmH ,ing eve ofthe fell destrover-wherefnnn.t.hol. 1 was adopted by this derof the tiublic erenit f fhiV 'n iii!! : KC X CAm ' - . . n s . I : - " " aiuuii.u VVUbLUllllCIU Ol I Cinni S...lVh.n lhAMV.r... i.: 1 .1 - I ' " V. L X . .111. I p ... ' - trnm . i. ... n . a . - .. v . .- .... j . s. iury, viciorious, we J conquered, defeated-, ruined. Such is the Were i. nature of th tainable. if -contest we." in'e ptfmtFP.1 i' War wit bout hone, carried' Il ., . any motive to he found for its" continuance JJL its conduct, the events w?ich have attended , or what all mfijf nowjoiu in believing will he its issue? Wit'' the sanifc weak councils j with ihcsame incompetent men to direct onr armies, men! nf I lip ill ' 3" ' ' - '. ' ? : i 1 " public linances, and not built upon the substan tial resources of the country. DTsdaiuing to act upon a system of temporary expedients, fo preserve " the peop'fe) favor at the cos of the country's interest he frankly communicated to the house -4he,j-eal state of the finances. He acknowledge the wants of the government. He introduced a system f revenue-to meet the pub lic credit. Gentlemen cannot have .so. soon for Sl'eti. the letter addressed by the ilon. Lsn posititm and estimates of the lion. Chairman of me committee of Ways and Means, !o be de ceptive, fallacious and . disingenuous, I usucd the language of a committee of this house ; a language not reproved by the house itself, when it received the reportpX that committee ;1an guage. thaKwiil be 'continued to be applied to the ruinous, deceptive and disine-emrmi avfpm nnder consideration : r 'a" - " - But, sir I used Mb rely trpoC the message td-therrtreasnrhrfoTrad'therfiKaWesflh country in the deplorablesituation they are de icribed to have been 'at the close of the revolu tion. But before the macrie force of hi c-e.niuc. . our fiscal embarrassments disappeared. - He extracted order from chaos, light, from dark Thefiiltlre of the sale of lands as a souwp . venue manjfesttd by the apphCiitions erftertaW jZ the housf.mi the nit of frontier . iL. . .. r - . . . , -v,"'ii i a l.()M 'Aj-r- a.