0,7 of the gam. ® World. - ^ ® ^ summarv “f ‘n rcmota •■d as such, Z lot ^crises, /- old }ists. n in Europe exi^it iu s. properly in the e ATi >• ^ f ’ pii^fionarv “ insiuutioui; ent of my c octa\v= voluine those wiio fop; d to those ^vho pies-. ^ pnated-Mi^^ listories of ail ction, bioirra- hanj-'vvraif^,, ions, both cler. 11 ah who have but Uulo nd uKual sulu, n very dillicult rteil worthies” lis kind of ina- ,]\vili be liber* phical volume witli portraits distiiigui:shed ’orld. of bt il)0r SPnf bscriber, Post may tbcl dis- rk xiiay witli a ‘Ives. ive it to some will do suiuc- 'MlDlCT. jspectus watj id tooon after, tlio Atlantif, journ*-y, and ive arran;ore- ihis under’tu- nc. arly Meeting, lor Missions y, Literature, me uiub^r tht; t Muiuti's and itUout delay, ry, or Chrk, on. Also, all ind accounts, sorts ol'Bap- ejubraoed in ars to conio. ily to add all f all furnjef lists, which 11 aid of tiiiij n iti your v/- y arc coi:;- ndida^ f >r othiT niini:5- vho fc'tuiui 111 union ? ood fharac- to give nii number of *,ociiition, of uine hiisiori- s, especially •ent tf) eiv'u hoped by aster is faci- ic hidlory oi. ar or nion*, me, cr iny 1st i’ublicii- d tbut none ic Uialcrial.-i he Baj)tisls of allkind:i_ *>00, and of ac and He- ’een 4 ani.1 members to es aiid Bri to Texas, nil Kuropr, orld where 'ople 111 all the frliij'- iipon nmi’h Baplisittf, 111^ he close of tudy ol all •h mere uc- n-ivcn 5 and ard t‘; hini, dtui for the vhich havu le Biiph^l^^ announ‘;*'» requetst loF r and Pro- all be giv' ication. e who act .r material ubse(iueut ral naturej especial- ed, both for ominatioB. Js of any in subscri be to hand niovod to them this, tion. St Masters ould they ot as bro ther hand- iudgc fiUi" ■^DiCT. ev. JamecJ ove workf take plea' ' publi&hei*! ■ cripiiy^-^’-4 |ttec kktvbtirfl lUiHdllll"'' jcffcrsxtiiian. JOSEPH \V. I1A3IPTON, .“The powers granted undei the Constitution, being derived from the People of the United States, may be resumed by them, whenever perverted to their injury or opproMion."—Madison.. VOLUME 2, S -Editor and I’liblislieiv CHARLOTTE, N. C., JUNE 28, 1842 T E K 31 S Tlie McckUnb'urfr J^.JTersoniaTi'’ is pubu=hcd weekly, a Ttro Dollars and Fifty Cents, if paid m advance; or Three l)ollars, if not paid bifore the expiration of three months from the time of subscribing. Any person who will procure . .r subseribtrs and become responsible for their subscriptions, shall have a copy of the paper rrat;s or, a club of ten sub scribers may have the paper one year for Tircntij Dollars in advance. No paper will be uiscontinued while the subscriber owe? any thing, if he is able to payand a failure to notify the t:litor of a wish to discontinue at h.'ast one month before the expira tion of the time paid for, will be considered a new engagement. Original Subscribers will not be allowed to discontinue the paper before the e.xpiratiou of the first year without paying for ii full year’s subscription. Advertisements will be conspicuously and correc;’y insfrl- ed at 0>>c Dollar p r square for the first insertion, and Tiren- iy-Jirc ('ent for each continuance—c'xccpt Court and other judicial advertisements, which will bo ehargcd ticcnty-Jive -pcr cent, higher than the al)ove rates, (owing to the delay, gene rally, attendant upon collections). A liberal ('.iscount will be made to those who advL-rtise by the year. Advi'rtist-'menfs sent in for publication, mu^t be marked with the number of inser tions desired, or tli'.y will be published until f-rhid and charg fd accordingly. i^r Lettf rs to the Eiii'or, i;nltss cont:iining nionry in sums of Flee Dollars, or over, must C'liiie free of postage, or the amount paid at the oflico here will be charged to the writer, 1 n every instance, and colloclcd as other accounts. CHARLOTTE MAIL-/?o?iie No. 2172, Between Charlotte and Lincolnton, recently chaaged by the Post-AIaster General, leaves Char lotte Mondays and Thursdays, 4 o’clock A. M., ar rives at Lincolnton same days at 12 M. Leaves Lincolnton on Sundays and Wednesdays at 8 A. and arrives at Charlotte same days at *3 P. M. Northern mail closes at 1 o’clock, P.M. Sundays. Tuesdays, and Fridays. H. B. WILLIAMS, p. m. ELECTIOJ^ Salisbury Convention. Citizens ol ^lecklenburg County are hcre- -M- by notified that Polls will be opened at the se veral Election Precincts in said County, on Tfiurs- (lay, the Wi of August next, for receiving votes for Governor of the State of North Carolina, for a Senator and three Commoners to represent said County in the State Legislature for two years there after ensuing, and also for a Sheriff of said Coun ty, under the regulations prescribed by act of As sembly for bolding Elections. T. xN. ALEXANDER, SheriiT. June 11, 1813, CG...r w eekly Aliniiiiac for June, 1812. f>A ¥,■. 'ruesday, VVcdnesday, ) Tliursday, 1 J''ri(lay, Saturday, Sunday, 1 Monday. I SCN j i nif^K 1 T47'| •1 4^ I 4 4H 't 43 Sl'n J\IOO\’S FIIASFS- 7 i.-i: 7 1-' 1 7 I Last Cluartcr, 7 12 ISew Moon 7 12 I First (Quarter, 7 12 I J'ull Mooiij 7 11 ! D. II. M. 1 1 3'.} M. 8 4 54 M. 15 11 31 M. 22 4 2M. State of North Carolina. Ivl E C K L E N B U R O COUNTY. Superior Court of Law, Fchruary Term, 1312. MARY N. TKTER ) J'S. \ Petition for Divorce. ELAM J. TETER. ) IN this case it appearing to the sati.^faction of the Court that the Defendant, KUim J. Teter, is not an inhnbitant ot tins State : It is therefore Ordered, that publication DR. RESTORER OF THE BLOOD, roR ctmasic AND OTHER DISEASES, b« made for three months suc cessively in the ‘“Mecklenburg Jelfersonian,” and “ Charlotte Journal.” commanding the said Defend ant to appear at our next Superior Court of Law and Equity to be hold fir our said County at the Court-house in Charlotte, on the P^'ourth Monday in Augu>t next, then and tluTe to plead, answer oi de mur to fho Kuid pi'tition ; ntlxTwisf* judrmcnt will ]>e taken pro cijnfesso, and the petition heard ex- partc. Wilncs.=. JenniriL's B. Kerr, Clerk of our said Court at oifice, the 4tii Monday in February, 1812. Issued the 2Glh of April. 1812. .T. B. KERR, c, M. .‘5. c. Printer's fee •'jiiin. Petition ijr Divorce. I State of iVorth Carolina, MECKI.ENBURG COUNTY. Sup^ilor Court (f Law, February Term, 1812. DELITIIA C. SPECK } VS. WILLIAM II. SPECK. > N this case it appearing to llic satisfaction of the Court that the Defendant, William II. Specks is not an inhabitant ol tliis Slate: It is fbercfore O/- dcred, that publication be made lor three months , Puccessively in the “Mecklenburg Jedlcrsonian, j and “Charlotte Journal,” commanding the faid De fendant to appear at our next Superior^ Couri ol Law and Equity to be held for our said County at the Courthouse'in Chartotte.on the P’ourtli Monday in August next, then and there to plead, answer or demu”to the said petition ; otherwise judgment will be taken pro cnnlesso, ami the petition heard ex- plirtC. » I r* * 1 Witness, .Icnnlng^s />. Kerr, Clerk of our said Court at otlice. the 4th ^Monday in February, 1812, Issued the 26ih ot April 181:^. J. B. KERR, c. s. r. Printers fee JijsK*. WHETHER produced b\ bile, phlegm, from internal morbid matters, arising from badly cuted old disorders, from the use of mercury, calo mel, bark, &c.; or (in females) from the change of life, as sped tied in the Pamphlet. .\nti-Syphylitic Syrup.—This Medicine is in all Venereal Disorders a certain remedy. Abyh'sinia. Mixture, (in liquid and in paste,) cele brated for its speedy and- perfect removal of Gonor rhoea and Gleet; also of the ftiartul results conse quent on its improper treatment. A benefit will be visible in 12 houra. Gold-Mine Balsam, for Bilious and Nervous Af- ections. Colds, &c. Aromatic Kxtract, A liniment for Indigestion, Coldness in tbs Stomach, Numbness or Weakness in the Limbs, Rheumatism, &c. Depuratice Powder, for Bilious AtTections, Bilious Fever, Headache, Disease of the Eyes, Sec., which is to be taken in the Restorer. Japan Ointment, for Piles, which is to be applied besides the Restorer. Bengal Ointment, for Tetter, Ringworm, Salt Rheum, Scaldhead, Eruptions of the Skin, and F.jui iJiccro y i» u> be applied besides the Restorer, Unicersal or Strengthening Plaster, lor Diseases of tlic Chest, Dyspepsia, Inflammatory Rheuma tism, Palsy, Paralysis, &.c., which is in most all these cases to be used besides the Restorer. Dr. Kuld's Accou.'itic Oil, for Deafness and all other Auricular Complaints, which is to be used W- gether with the Restorer. Dr. Kulfis Pamphlet, ‘’Treatment,” &.C., entered according to Act of Congress, contains full direc tions for the use of all the above mentioned Medi cines, and accompanies every remedy. Persons wdnbing to procure any of Dr. KuhPs Mcdicines. will please direct their orders, with the amount, (post-paid.) to DR. KUHL S OI* b ICE, Raleigh, N. C., or Richmond, Va., or to any of the following Agents. NORTH CAROLINA: B. Oates, Druggist, Charlotte, Concord, Greensborongh, Lexington, Salisbury, Ashborough, Lincolnton, State of Xorth Carolina. MECKLENBURG COUNTY. Court of Picas and Quarler Sessions. April Term. IS 12. J. Sc R. Sloan, Hargrave, Gaither &. Co. Jenkins & Biles, J. M. A. Drake, C. C. Henderson, SOUTH CAROLINA: Steele, Gunning Co., York, C, II. McLure, Brawh;y Co., Chester, C. II. The continuation of the K’s. Pamphlet. Charlotte, June M. 1812, the list of Agents see Dr. or>...lv ^ Attachment levied ■ ^ on Land, WILLIAM CARSON VS. ABRAM F. ALEXANDER. IN this case, it appearing to the satisfaction of the Court, that the Defendant, Abram P. Ah.rander, is not an inhabitant of this Staf£ : It is theretbre or dered, that publication be made for six fniccessivc Aveeks in the “Mecklenburg JetVersonian, ’ a paper published in Charlotte, notifying said Defendant to be and appear at our next Coiinty Court of Pleas and auarter Sessions to be held tor the County ol INIecklenbure^, at the Courthouse in Charlotte, on the 4th Monday in July next, then and there to plead or replevy, or judgment final will be rendered af^ainst him, and the land levied on condemned to fife satisfaction of the Plaintin'’s debt, interests and ^°Witness, Charles T. Alexander, Jr., said Court, at ofRce the 4th Monday in Aprd, 184i! and in the year of our Independence the sixty-six!!! C. T. ALEXANDER; Jr., c. yi. c. c. Price adv'. 5,60. FOB KENT. ^ THE HOUSE formerly occupied by Dr. P. C. Caldwell, now in possession of Col. J-H. WHEE LER. For terms apply to the EDITOR, or ADAM ALEXANDER. 64....4w W JOB PRINTING. E are prepared at this Oflicc with a handsonr.e supply of Fancy Type, to execute all kinds of in a very superior style, and a short ndticc. ■will be thankfully received. Jeffersoirian Ofjtce. Charlotte, M:irch 9, Oders NEW STEAM-BOAT LINE. A Steam Boat Line has been formed in connec tion witii die new Steam Boat “Utility,” and a set of new Boats at present three in number, others will be added as the business may require. The Utility wa« built in Wilmington in 1841, and drajivs when ompty but 19 inches water. She carries 500 Bales of Cotton and draws then but little over three feet. Country merchants who may wish to get their Goods up in the Summer and early in the P'all when the River is generally low, will find it to their advantage to patronize this. Several forwarding Merchama and other residents of Cheravv and oth er places are interested, and feel confident that they can hold out such inducements to the back country as will be beneficial to all concerned. The busi ness will be done principally by towing lighters which will insure a passage while there is two feel water in tbc channel. B. BR\ AN & BRO,, Agents. From the Transcript, C Charleston) of March 3d. Charleston, S. C,, Peb. 28, 1842. This is to all whom it may conccrn—we, the un dersigned, William Bird, Joseph Addison, and James Marsh, junior, shipwrights ot the above named ci ty. bv tiie request of John Kirkpatrick, repaired on b'oard of the Steamer Utility, commanded and own ed by the said Kirkpatrick, and after a full exami nation of the hull and construction of the said Steam Boat Utility, are of unanimous opinion that the said Steam Boat Utility is in every respect sui table and strong enough to navigate any River or Rivers, and capable of carrying five hundred or more bales ol cotton. r i • To which we have fixed our names and seals this 2Sth February, 1842. W. BIRD, {Seal.] JOS. ADDISOiN, [Seal,] JAS. MARSH, Jr. [Seal,] Charlestcn, Feb. 28, 1842, 1 do hereby certify that I was Pilot on board the Steam Boat Utility, and that the said boat was ex posed to a heavy sea during the passage between Wilmington and Charleston without receiving any damare. I do also certify that she did not work or show any signs of weakness, and that she was not pumped out during the time I was on board ot lier. WILLIAM CLEMMONS. June 6, m2, PREAAMBLE and RESOLUTIONS adop ted by the Democratic Republican Convention held in Salisbury, on the 20th May, 1842. Whereas, the Government of the United States was established by the patriots of the Revolution on the principles of justice and equality to every free American citizen, and to all parts of the Con federacy ; —therefore. Resolved, That any attempt of Congress to con fer, by legislation, on any citizen, or class of citi zens, or ori any particular section of country, e.r- r.lu.'iive privileges, is not only contrary to the Con stitution, but is subversive oi the very end of free Government Resolved, That the repeated attempts of the Whig party at the Extra Session of Congress to ctiarter a United States Bank—conferring on cer tain individuals the ezqlusive custody of the public money, with the exclusive right to discount, and loan it out for their own private benefit, and the ex- and the exclusive right to make a paper currency receivable in all dues to the Government, are wholly incompatible with the principles of the Constitution, and dangerous to the right, and liber ties of the people. Resolved, That we view with the deepest con cern the introduction into Congress by the Whig party of a new Tariff Billa measure which most grossly violates tho Coirq,romise act cf 1833. and which doubles the ta.xes on the people,—and brings back on the country the protective policy of 1824, and 28, in all its forms of “abomination.” W hile we admit the pow’er of Congress to lay and collect duties for revenue, and will never murmur at a fair, and just exercise of this power, ^e deny that the W'hig majority in the National Legislature has any right whatever to impose a Tariff for pro tection;—We deny that they have any right to tax the farmers and laborers of the country to swell the profits of the manufacturers. We hold that all such partial legislation is unconstitutional, and that it is unequal and unjust in its operations on the peo ple every where, and more especially on the peo ple of the Southern States. We, therefore, call on the farmers and laboring classes generally, with out regard to party distinctions heretofore existin" to unite with us at the polls to arre.st the threaten ing evil before it comes too late,—an evil which not only takes the hard earnings of the people, “to make the rich richer, and the poor poorer,” but will bring dissensions, and may bring troubles and civil war on the country. Resolved, That we consider the act passed by tfie Whig majority at the late Extra Session of Congress for dividing out, and giving away the money arising from the sales of the public’lands amounting to at least three millions of dollars an- of the Constitution, but as an act of party reckless ness unexampled in the annals of American legis lation.—the more so, since the money intended to be divided is not only not taken from a full Treas ury.—but from a Treasury known to be empty, and since it gives a pretext to the party in power i to increase the burthens on the people. Resolved, That this Convention cannot in jus tice to its principles withhold an expression of its unqualified Gondemnation of the Bankrupt law passed by the Whig majority at the Extra Session of Congress,—a law which violates all the obliga tions of contract between Debtor and Creditor, and which is fraught with the most demoralizing conse quences to the community. We pledge ourselves never to cease our opposition to it, until the odious act shall be repealed, and expunged from the Stat ute Books of the country. Resolved, That this Convention looks on the Banking system as now existin as one of the principa' and hard times so genera we do hereby most solemnly pledge ourselves nev er to cease our opposition to it nntil we shall, by such constitutional and legal means as may be with in our power, expel it altogether from the country, or so thoroughly reform it, as that it will no longer be dangerous to the righli and liberties of the peo ple. And Whereas. This Convention believes that the Constitution )f the United States is the mo.st perfect instrumen'. cf fundamental law ever framed by human sagacity.—the offspring of profound wisdom, and devoied patriotism; and believing that the integrity of the Union, and the continuance of American Liberty greatly depend on preserving that Constitution pure, aid undefiled, as it came from the hands of Washington, and his co-pattiots;: —therefore, Resolvid, That we deirecate in the most unqtia- lificd manner the attcmpn now making by the Fe deral Whig leaders, with Henry Clay at their head —to abolish a most vital part of the Constitution,— thereby to change the character of our Government, and destroy one of oirr greatest safeguards against unwise and unconstitutiinal legislation. In the name of the Democratic )arty of North Carolina, we warn these reckless jartizans not to touch this sacred legacy of our foi'ffathers. Resolved, That this Convention believes that in stead of imposing new axes on the people as the Whigs in Congress ae now doing, in order to raise large sums to meet ixtravagant appropriations, the true policy of the G*vernment is, for Congress forthwith to repeal the a;t for distributing the pro ceeds of the Public Lanis;—and at once, to bring down the expenditures of the Government to its or dinary income, thereby to do away the necessity and remove the pretext for borrowing money on usurious terms,—-and fo' imposing additional bur thens on the counlr^^ The foregoing' Resdutions were unanimously adopted by the c”onventi)n and ordered to be pub lished. H, W CONNOR, President. Duncas K McRaf, > Secretaries. ClIAS. I . t ISHEK, ) 1 NUMBER 68, The Whigs are in favor of the Bankrupt law;— the Democrats are now, and always have been ut terly opposed to it. The Whigs are in favor of IMr, Clay’s proposi- decreased, and the farmers, and the laboring class- tion to change our Government, by abolishing one es generally, now experience in an extraordinary 1-- - •- • . ^ degree, the reality of “hard times.” Nor, is it any better with the Government. The greatest embarrassments exists in every branch of The expenditures are increasing, and the reve ery w'here are greatly in debt,—-while the means o^ paying every day become more difficult. The prices of produce, within the last fifteen months, have rapidly declined,—the wages of labor have It. nues falling ofl-The Public Treasury is Bank rupt, and Government cannot even borrow except on usurious terms. Never before since the adop tion of the Constitution has the credit of the Go vernment been lower, or the people more generally distressed. W"hy is this so 1 This state of things could not have come upon us by chance, there must be adequate causes for it. What are they? We cannot blame PRoviDEXCF,--for \ve have been blessed with usual health, and more than usual of the gjeatest safeguards in it against Congression al usurptions;—that is, the right of the President to arrest by his veto an unconstitutional, or an unwise law. The Democrats are for preserving the Con stitution pure, and undefiled as it came from the hands of Washington, and the other great men who framed it. Tho Whigs passed a law at the Extra Session to distribute and give away the proceeeds of the Pub lic Lands. The Democrats are opposed to this, be cause they believe Congress has no constitutional right to do it, and because if the proceeds of the lands ore given away, the vacancy must bo suppli ed by ta.xes on the people. The Whigs passed a law giving to Mrs, Harri- crops. We must therefore look somewhere else ! son a present of 825,000. The are op- fbr the causes of the evils that now aflict the coun- j posed to fhis, not so much on account of the money try. Where are they to be found? This is a most j as of the precedent introduced by it:—it is an en- imporlant question,—-and, we propose now to an-' terin^ wedge to introduce the British pension sys- S'ver it, j tom into this country, and as such ought to be re- TIIE CAUSE OF THE HARDNESS OF THE listed by all who do not desire to see the many ta.x- TIMES. cd for the support of a favorite few. Wc need only look to well established facts to be oth^r points on convinced that all the embarrassments of the Gov- ^ he two parties differ, some of them of vital ernment and distress of the country have arisen | r address however wholly from a course of measures, in the General, | ^ j ° discussion here. We and State Governments always advocated by the 1 allude to them. Federal or Whig party, aud as uniforin’v opposed i THE BANKING SYSTEM—AND A NATION- by the Democratic Republicans -or," in other! AL DEPT, words, the ascendency at present in’the Councils of the General-, cuad for some time past in the State Governements of Whig Poi.icv, has produced all the ills that the countrp now endures*. We Whi sa 3 1 Of all the causcs that have conspired to bring about the evil times now so universally felt.the Banking .system has done most. That this scheme „ 4 ,xri-- I i ,• - -i of making money without work, is the ofispring of he same. 1 here ntrver have been, since the forma- i It does not alter the case that in former years a few ion of otir Government, but two parties m the coun- j of the opposite party, may have favoured Banks •— try,--and tnese parties still exist. Occasionally, it j this is a mere cfxception. As a general truth i’t is IS, true schism have taken place in these parties j beyond dispute, that the Federal or Whicr p^tv growing out of difference 0i views on temporary i have always been the advocates of the Bankino-sys- questions, but whenever it became necessary to re- j tem, while the Democratic party have as uniformly cur to funaamental principles, all these dif.crencea j been opposed to it. That this is now the case eve- would \anish, and the members of cach party would | ry candid reader may soon ascertain for himseV- under their respective banners. | |et him but look around the circle of his acquain- 1 hese parties took their rise in the Convention j tance, and see v^-ho own the Banks!—who have the which fraimed the Cwstitution ; ono being in fli- i management of them '—who are the Directors and vor of estabhhing a Government not very dissimi- . Cashiers!—He will find that ninety nine out of eve- lar to that of England ; and the other being for a | ry hundred arc irA/.-s. Let him look at another Republican form, such as was finally adopted. It was not howev’cr until during the administration of the Elder Adams, that they arrayed th«mselves un der distinctive names. All who advocated the Ad- mistration of Mr. Adams, and supported his measu res, such as the Alien and Sedition law—the find ing system fact :—who have encouraged the Banks in their lawless course for the past five years—and who have been striving to bring them to a sense of their duty ! The Legislature in every State in the Un ion where the Democrats have had the majority, has passed laws compelling the Banks to resume National Bank, &.c.,—took the name specie payments, and comply with their obligations, miu I while this has not been done by asingle Legislature mocrats. It does not alter the cas*e, that one of thes'e j Democrats have~been‘'1n'’ravouV or^d^mpfe'tog parties has often since its origin changed its name, Banks to have regard to the obligations of “heir and as often attempted to give new names to its op- | charter?,—-and, everywhere, the Whigs have been ponents. AVhenever its leaders have been defeated j iii favour of permitting them to do as they pl(»ased, under one name, and that name became unpopular, | is \i wrong then to say, that the Banks are tho ofi- they would^immediately throw it aside, and assume spring, and favorites of Whig policy—-that they are another. Thus, at the start, they disignated them selves Federalist;—then,during the last war when the name became odious to the people in conse quence of the conduct of the leaders, many of whom took sides against their own Government, they took the name of Federal Republica?is; afterwards, when Adams and Clay were in power, and they were forcing on the country Protective Tariffs, and mostly owned, and generally managed by Whigs? -—Let the people answer. But before vve expose further the effects of tho Banking system on the country let us enquire—- wii-vT IS A Bank ? When a farmer or mechanic by hard work saves a litte more money than he immediately needs, and wishes to put it out at interest, the law forbids his wilds schemes of Internal Improvement, they chan-1 taking more than six per cent for the use of it. If ged to National Republicans. Defeated again un | takes more, il is usury, and he forfeits his mo- der this name,, they seized on, and have appropria-1 besides being subject to a severe penalty. It ted to themselves, the once venerated name ofj-jshotso with the Banks. A few knowing men it never has changed its principles:—ihe Federal- | them to make three paper dollars for every specie ists of 1708, are the Whigs of 1842. Neither has : dollar they put into the Banks, or pretend to put in, the Republican party changed its principles;—the j then they loan out these paper dollars, taking Republicans of 1798, are the Democrats of the pre- | interest in advance,--- making nearly twenty one sent day. These two partiea notv, as formerly, dit- j cent, on their money. Thus, tbefiarmers’ mo- fer widely in their views of C Jovernment policy. ; in six per cent.,— while the Bankers’ We have already stated that the present distress of j money draws nearly twenty one per cent. It may AN AJDRV 'i Of the Democratic Convent on, which met at Salisbury on the 20th day of May, I84i—to the People of North Ca rolina ; ' re in Fellou'-Citizen's; That our country is at sent in a most deplorable condition, no man . 11- J tciligetice^ and c^rfdoT v.iU deny. The Pctple, ev of the coimtry is owing mainly to the prevalence of Whig policy in the councils of the General, and State 6?overuments. If we show this, then il must necessarily follow that general prosperity can never be restored to the country until a change of measure shall take place, and this cannot be done until the men in power are changed—turned out, and others put in. That the people may not be deceived in the great contest before us, and may fully understand the principles at stake, we will proceed to state the great is.suks now pending between the two parties —the Whigs and the Democrats:—and further, to show that Whig policy is the cause of all the dis tress now oppressing the country. THE ISSUES, OR POINTS IN DISPUTE BETWEEN THE TWO PARTIES. The Whigs are in favor of a “ National Bank,” and of the Banking system as it now exists in the country ; while the Democrats arc opposed alike to a National Bank, and to the Banking system as now practised in the United States- The Whigs are in favor of a Pr that is,—they are in favor of es of the people for the purpose manufactures to sell their fabricks at a greater pro fit. The Democrats are opposed to all si;ch 'J’ar- iffs, and contend that it is unjust to tax the people for any other purpose than to support the Govern ment in a frugal and economical manner The Whigs are in favor of increasing the expen ditures of the Government, so as to consume the re* venues le be brought in by a high Protective T.ar- iff;—>vhile, the Democrats are for bring down the expenditures to a low standard of taxation. ‘ The Whigs are in favor of creating a large Na tional Debt,—it having been a maxim of their pre decessors of the old Federal party, that a National Debt is a national blessing;—the Democrats are now, and always have been opposed to National debts, except in times of war, when there may be a necessity for themthey believe that a National ; Debt is a national evil, always leading to high ta.x- es, anti heavy burthens on the people. be objected to this, that the Bankers’ do not realize tweniy-one per cent,—-that they do not put that much into their pockets. This may be so, but it, does not alter the case. It matters not who puts the money into their pockets-'--whether Stockholders Directors, or Cashiers—-it is enoagh to know that it comes out of the pockets of the people. Another advantage that the banker has over the farmer is this : if the Bank holds the farmer’s note, all the farmer’s property is bound for the debt; but when the farmer holds the note of the Bank, no part of tlie stockholder’s property is bound for ithe may be rich, and the Bank insolvent. There arc many instances where Banks have failed, and the peopel have lost thousands by them, while the stock* holders with plenty of money, and abundance of property were not liable for a cent of the Bank debts. We have a striking example of this in the United State Bank. That corrupt institution has failed for millions;---many poor widows and orphans have lost their all by it; and are now reduced to wretch edness and want, while Nicholas B'ddlo nnd hi luxury tho ancG by which the few who do not work, manage to convert to their own use the profits of the labor of those who do v;ork. Is this equal o'ights% The Whigs saj', that we cannot get on without Banks. How did our forefathers do without them ? They fought through the revolutionary war,— they drove the British from the country, and achieved their Independence,—all, without the help of a sin gle Bank. The first Bank ever established in the country was the Bank of North America^ in Phila delphia, which went into operation in the year 17- 82, with a capital of only about 8300,000. This Bank, like all its successors, soon made itself to be felt in the community where it did business. An able writer describes its aflects in th- f-l-owir-'' words: he says, ‘‘In the year *hc 3ia a v«^ry extensive business; and by the beginning of 1785, the effects of its operations began to be very uppai'in'. Tiipy ° ^ edness and want, while iNieholas B'ddlo nnd h JfTprotectivc Tariff! ' i" and revel in luxor taxing all other c!:u«s-1 r,.oso“of enabling .ho J'’;";. “1 ?,

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