North Carolina Newspapers

, . . , , , " , ' - . - ' ' . ' J - 1 ' i i :, -7 , -! y - i r T- -4V-..?y'-:If. "r" CHARACTKR 18 AS IMPORTANT TOt ATES A3 IT IS TO INDIVIDUALS; AND Tfli CLORI OF THE STATE IS THE COMMON -?RpPERTtiOF ITS CtTIZEKSi" " . ''.r'' , 4-" " - "OI-ME Editor ana Proprietor. . ' FAYETTEVILLli SATURDAY,' DECEMBER 5, 1840. . VOt:2SO. 40rVhSumi:' ( V ' M 1 1 J I ' V 1 TERMS the north Carolinian. Per annum, if paid in advance, S2 50 Do ifpaidatthe end of 6months, 3 00 Do if paid at the end of the year, 3 50 Rates of Advertising : 'feixty cents per square, for the first, and thiry cents , for each subsequent inserti"OB.,j A liberal deduction will be made to advertisers by ino y ar. Court advertisements and Sheriff's sales, will be , '''charged 25 per c nt. higher tlian the usual rates. -All advertisements sent for publication should have the number of insertions intended, marked upon hem, otherwise they will be inserted until forbid, ".nd charged accordingly. No paper discontinued until arrearages are paid, except at the option of the Ediror. No subscription received for less than twelve . ' months. . Letters on business connected, with this estab lishment, must be addressed FJ. L. IIoi.mks, Edi tor of the North-Carolinian, and in all cases post--paid. iCJ1 Subscribers wishing to make retnitfanc s by mail, w.Il remember lhat they can !o s. fVro of postage, i us Postinast'TH ar-: authoi izd by law to 'frank letters enclosing ; rrrniltances, if written by ' themselves, or the contents known to them. Prices of Job Work: HAND BILLS, pointed on a mi dmm, royal, 1 i 2 50 3 00 1 00 or sup r roya! thect, for 30 cop es, i,T ijlj copies, Aadfor every additional 100 copies, HORSE BILLS, on a sh'-tt from 12 to 18 -inches q fare, 3! c pi'"s, 3 On Over 13 inc hes, and not exceeding 30, 5 0i) CAliUb, large si?.e sjp.It i ock, 3 00 And lor every ndditio al pa k, 1 25 Srntilrcr size's in froporti.n. BLANKS, when printed to order, f.;r 1 quire, 2 00 And -fur every additional q-iire, undi.r 5, 1 00 Exceeding 5 uuire, 75 CIRCULARS, INVITATION TI-r,KRTS, an, all kinds of IJ JdK & JOB PRI.NT'XG, executed cheap tor OA bit Kayetlcville FEMALE SEMINARYv f rJT 1fcIi.fu,t-,er supervision of the H. FEMALE SEMLNAItY. ,V ; k.., ,u.. should express to its former natron, aA r-:,K. my confidence, that in the hands of Mr. Spencer it will be coiuhif-tpd rlih hit;ttfsnJ f ,;tu-.fi ...... hmu XUlllIllJlirM f j 1 1 the general p'an heretofore pursued. Mr. Spencer as lt3iicJ"rilabol iy:is, accurate and persevering. It. W. BAILEY. THE Subscriber will open the Scninary on the 15tn ot October next, and h-pes by giving his ent re and exclu-iVe attention to the bus'inca aid-d in c:ch department by corhpf"ent, efficient FEMALE TEACHERS to merit the patronage beret. .fore bestowed--In regard to the J.m be in tends tu pursue, hi basonly to say, at present, that he is DETERMINED to :ive a course of insir'ic tion in each department as THOROUH as possible. The Academic year wiil be thesanic as before; corn mencing on the 15th October, and closing on the I5t!i July, and divided into two sessions. Pupils charged from time of entrance to close of session, and no deduction made for absence, except in cases of sickness. " TJIJfI&An Advance. Elementary Department, or Se cond Class, Fir-t Cl-is-5, Fn nc'i Lannnge, Drawing and Pointing, Alusic on the Piano Forte ac companist by the Voice, Musie on Guitar, Use of Piano, ' .V"' Incidentals, ' Oress tile Grave of tliy FrieniS 2 S3 00 per session IS 00 " 10l!0. lu 00 " August I, 1840. 25 00 " 25 00 ' 3 vO ' 50 " G. SPENCER. 75-tf LAND ! LAND ! LAND ! 0m PEOE3rECTU5 For the Congressional GLOSEand Appcnaix, These works will be published by 113 during the appnnchm scssidh i Conrress. I hey have had such a wide circulation in the United blatt.s, and their usefulness ami cheapness so universally acknowledged, thatwe deem it un necessary to irive a detailed account of what the future numi)ers will contain. Sn'Tice it to say I . 1 'til 1 1 1 . 1 j ii jiioi tney win ue invaiutmic 10 an wiio leel an in I ere" l in the proceedings of Congress. No cither piiblieatioi) gives tiiein so full nor halfso cheap. 1: is ind.'cd, l!ie cheapest publscntioii in ll:e United Slates perhaps in the world. Our -position at the Seat o Governinent enables us To print iieni at yo jow a rate. In.some paifs of the U. States, the white paper upon which these works are primed, would sell for as much as we charge lor the publications. 'The lederal party having succeeded in elect ing iheir candidate to the Presidency, its lead ers wiil now have to declare die policy they intend-to pursue They will he obliged, to make it known al the beginning of the next session ol Congress. They cannot avoid it or put ii oil any longer. 'Those who supported them will be eager to know how il wiil benefit their interests ar.d will drive them to it. All the measures of the coming- administration except tuiningout ihe men who hold the minor ollices tuust originate and he matured in Congress. The Democratic party should know them as soon as possible, to see how their inierests will be affected, and their rights encroached upon by them. There is no source from which it can obtain the information so early, so full, and so cheap, as the Congressional Globe and Ap pendix. All the motior.s and resolutions wil! be rriven in the Congressional Globe, in the exact words ol the person making or offering them. The -substance of the speeches made will be rriven in it ; also the yens and nays, taken from the journal, on all important questions. i he Appendix will give the speeches as written out hy the members themselves. We think il imjKrtant that the people should he inlortned of the sayings and doings of their members while in session and shall therefore spare neiiher la bor nor money to furnish them. Il the lederal members shall continue to advocate one set of measures here and another at home, the Con gressional Globe and Appendix will rive their constituents the evidence to confront them. The Congressional Globe will he made up of the daily proceeding of the two Houses oi'Con- the speeches oi u;e memuers con- The veas and nays on all important m 111 subjects are given. It is pumisneu at. as the business ol the two Houses affords matter .,,ih Him number. I'ach number will cui- tain sixteen royal quarto pages ol small type. AVe expect to publish three numbers lor every two weeUsoftiie session. 'The Appendix contains the speeches of t lie memheis, at lull length, written out by them selves; and is printed m the same form as the Com.-ressional Globe. It- will he published as fast as the speeches can be prepared by the members. Each of these works is complete 111 i!sHf, hut Jt is desirable lor every subscriber to have both; because, if there should beany ambiguity in tbe synopsis "- speech mthe Congressional Globe or any denial ol its correctness it may lie re- riov-ed al once, uy reienmg 10 mc uu. ... ...v. Appendix. Indexes to both are sent to subscribers a soon ns they can he prepared alter the adjourr. mom xif Congress. TERMS. For one copy of the Congressional Globe SI One copy of'iUe Appendix Six copies l" either of the above works wi.l he sent tir 65, 1- copies for 10 dollars, and a proportionate number for a larger sum. To insure ail the numbers the subscriptions should be here by the 1-lth ol Dec. next, al farthest. , . . , The Democratic papers with whieu we ex change will please give this prospectus a few insertions. Vo attention will be paid to emu ovaer unless t!umon,UatL iVanhin-lon Cihj, Uth JSov., 1840 Note Subscribers to the Appendix for the Iat HCsioii will now rc-eire two numbers.a week .int. ft is completed. The extraordinary number and icigth of the speeches at lat scs.-iou, mit bs ouranol ' fr its dcijy. iagt SNOW ofler fo - sala a v;-ry valuable farm on the Eastern si-Jeof Cajie Fear River in the county ol'B'aden, about 16 miles below the Town of Fay ettevdle, and immediately on the Rivor. There are 76 )acre8 of land (nv r survey,) and 12 aws of back land joining ths same. About 250 acres were in cultivation th -pres: nt year, and tb. re are suitable bu'ldms for the convenience of the farm. Persons are requcst 'd to examine the same before the crop is homed, as ihey can then jtirle properly of its production. It is unnecessary to say it is a first rate farm, as all will be satisfied of that f ict when thev see it. Terms will be made to Fiiif the conve nience of the purchaser. JOHN T. GILMORE. Faycttf viII Oct. 31, 1S40. SS-tf The Observer will copy.' FIVE DOLLAUS REWARD. W& AN OFF on the 22d inst., from my residence on the Cape Fear River, S miles above Fa v eif eville. my rcro man 'Av PRILL. He is a little bright complected, with thick bushy hair, very bow-legged, when walkin.iT rocks very much, and has a great impediment in bis speech, partic ularly" wh n friirhterird. Said boy is about five feet rive or six incites high, and weighs about 145 lbs. ; acd about 30 years. The above reward will be paid for his de'ivery to me at my residence, or for confining: him in any Jail so that I get him again, and alt reasonable expense; paid. It is more than probable that he may make an attempt, to go to IVlr Arcdrd. McArns, Robeson County, near Gilchrist's bridge, who owns one of bis brothers, whither he has made the attempt to go heretofore. HENRY R. KING. October 31, IS 10. t?8-tf K2ISSES JAIJE & J. 33. SI3KPSOWS SCHOOL FOR YOUNG LADIES, KAYETTEVILLE, N. C. urcss, and . 1 'pi dense.!. Terms-fCT Session ot twenty-two weeks. ENGLISH, including Orthography, Histo .y, Geography, Grammar, Aiithrnetic, and Writir.t', - - - -SB Natural Philosophy, Botany, Geometry, Al-frc-bra.Chemistry, Astronomy jComposition, Fro:, eh Language, -Drawing' and Painttnjs -Music on Piano Porte, - " Guitir, Use nf Instrument, ... FANCY WORK, incbidinrr the art of mak ing Wax F u t and Flowers, Shell Work, limb, oi it tv, . ach per course, - - 10 03 Incidental Expenses, - - 50 Scho'd will commence on hi second Monday (12th) of Oct. .b-r, at Mrs. BROWN'S, (known as the Mu nford House) Gill spiostieit. Mrs Brown, wit!i whom t':e teachers will reside. can avc-ommodate yonu ladies with comfortable biard, at SI" pc month. 00 1G fiO 10 CO 10 00 25 00 25 0' 3 00 Liberty Point -Fmett eville, opposite THE JACKS OJY HOTEL. May 4. ' 10 (y) S"?niS"Gi TALE ACASEZfTSr, - ' , ' . Sampson couuty, 3V C. Located (equi-di3tant) 7 miles from Ciinton and Warsaw. Hale and Female Zfsparimcnts. WE have the pleasure to announce to the public, that the exercises ol this Instiiution commenced on Monday th: 5 th inst., undent he 911pcrintendor.ee of Mr and Mrs Mc NLLLL, v. ho-e qtiaiific di ns to njang such ?f Se.njnary, we h tve had a lair oppcr tun ty of testing, as th. y have both taught for us since lat winter, and L'iven general satis a; tion tG all conm cte l widi the school. Mrs McNeil!, (for nerly M iss B ssell,) brought with her, from her native Stae, New York, high stimonia!s of her scholarship. Mr McNeil! is a native of our own State, a-id a graduate of our own University. Hu discharg. d the ditti'-s of Tutor in the same for a Session, and is well qu-.Ii!i-d for th instruction of youth, who, wish to prepare for Colle .e, (this beieg en of the- primary o! jects of t he school,) and, also, to fi' young nun fir the business of teaching. St ict at'er ticn w.l b ? riid to the mora's of the pu pils. Board can tie had co lveniont to the school at 353 per month. " This Institution is situated in a healthy region of country. The Academic year is divided into two Sessions of five months each. ; TERMS.PER SESSION. Male Department. Spel ing:, Reeding, WYiting, Oral Aiithrne tic, and Parley's Geography, gS CO Written Arithmetic, Geography and English Grammar, ' 10 GO Lat n and Greek Languages, Philosophy, Algebra and tho Higher Branches of Ma- , th. niatics. , 12 .00 . Female Department. First Class, including the Common English branches, fa UJ Second Class, including the above and needle . work, embroidery, &e. 8 00 Third class, irclu ling the above, and Natur al Philosophy, Chemistry, History. Botany anJ Composition 12 50 Fourth Class, including the above, and A ! sebra, Geometry, Intellectual Philosophy, Gy'Oirraphv of the Heaven-, Moral Science Rhetoric, Logic and French, also Draw ing, Paintingand Oriental Tinting, 15 00 Music on Piano Forte accompanied with the Voice, 20 00 TRUSTEES. October Cth, 1S10. 86-4t The Observer will please give the above four inscrt'ons. BUCKWHEAT FLOUR! For sale by GEO. McNElLL. Nov. 24, 1840. EXECUTOR'S SALE. Agreeable to a provision of the Last ill and Testament of James W7atkins e'ee'd. the undersigned wilt expose to public Sale, on MOUNTAIN BUTTER. I'irkins (assorted.) Some Qp' V rv u erior. at prices Gom to JL6 cents per pound ! for ?ale by Nov. 24, IS 10. GEO. McNEILL. the premises, in the County of Anson on Tuesday the 15th Deo'r. next, and days fol lowing, all that well improved, and highly productive Tract of Land, on which thedee'd. formerly resided; containing near One Thou sand Acres together with Nine Likely IV e riops, such as Men, Women, Boys and T Gill; also 1 Horse, 1 Mule, 1 Yoke of Oxen and Cart, some Cattle, a flue stock of fat Hogs, &c., and other ai tides. A credit to suit the convenience of purchasers will be given on the Land, and until the 1st. January 1S42 on all other property. Bond with two or more unquestionable securities, will be re quired of Purchasers. WM. A. MORRIS Exee'r. GOVERNOR'S MESSAGE. To the Honorable the General Assembly of ... " ; -VorA Carolina: Gentlemen: The declarations of the peo ple against the administrations cf the Fed eral and most of the State Governments the deep sensation and embittered feelings ofthe contending parties as to the cause, must ne cessarily greatly deepen the interest which usually attends the meeting, and increase the responsibility of your honorable body. But, while we have, in the confident hope that it will '.restore the country to m former happand prospcrou condition, abundant cause to rejoice over this peaceful revolution; yet we should remember that our fellow-citi-zef&.pfjb,e Admiuitration party, with the ex ceptlCI perhaps, of the officers and aspirants, although mistaken, as we believe, in their views, can have but one common interest with ourselves, and are rather entitled to our sym pathy and conciliation than to our hatred and persecution. Their fortunes have failed in their own hands, and under their own management; and it becomes us, as those on whom the responsibility has devolved, calmly to survey the i position we occupy, and prepare our selves with energy and dignity to meet the crisis. ' - ' As it is the-part of wisdom to profit by ex perience it is necessary and proper to refer to the causes of the revolution, and particular ly -where connected with our peculiar interest, the better to enable us to avoid the evil and embrace the good. , The Bank of the United States, w hich grew out of the necessities ofthe country, at two periods of great distress, (and which would seem almost to give sacredness to its exis tence,) and which answered every purpose promised by its most sanguine friends, or an ticipated by the public, was doomed to Execu tive hostility, because it would not yield politi cal' obedience. It was re-chartered by Con gress, but vetoed by the President." The public money was men removed trom its lawr iul place of deposite, in the Bank of the Uni ted States, to the local Banks, by the Presi deutj'under the plea that it was unsafe. This ground, taken by the President, was disproved by a report from a Committee of Congress. The Seriate ofthe United States became alarmed at these indications of violence and usurpation, and j declared the removal of the deposites unconstitutional.; 'The'' President appealed to the People, against both'the Bank" and Che Senate declaring the Bank danger ous to the liberties of the couulry a monster of foreign materials; and that a better curren cy could be given by the local Banks, with out the dauget; and that the Senate had done him gross injustice. The. appeal was sus tained. Nothing; was v recollected hut .his splendid and successful military career. Sev efal-of the State Legislatures were filled by his partizans, who supported his opposition to the Bank, and instructed their Senators to expunge the resolution, declaring his act un-. constitutional for removing the deposites, or to resign their seats to more unscrupulous hands; and it was done. Some yielded to the servile act, in defacing the journals ofthe Senate; and others, through a cherished though mistaken abstraction, abandoned their posts; which has impaired, and, if continued, will destroy, the most stable and valuable part of our Constitution, and, in all probability, the Government itself. The House of Representatives could not but feel the influence ofthe will ofthe people concentrated in the Executive. His power was tremendous enough to intoxicate the brain of a less philosophical chief. The fate ofthe Bank was decided. The deposites were retained in the local Banks, and recom mended to be loaned out. Batiks increased rapidly, and discounted freely. The disburse ments of the Government increased some fifty per cent, or about twelve millions of dol lars annually. Property and labor of all kinds rose in price. Public works were commenc ed, and some completed, of vast magnitude; r.d general prosperity reigned, not only m in .Europe. up to lbJi, November loth, 1S40. 92-2t mv ife, MA II G ARE T D. M FAR -LAND has 'e't mv bed n- d abode, wi h nt my con sen", 1 le re'-y to ewarn all persons f o n harboiin her or Ti us"i.e- her on mv acou i'. WM. W. M. FARL AND. Lnu el Cil , N. C, October 23, 1310. !-2-6t STOVES & STOVE-PIPE HE ?ub-c . iber lias on band, nnd flVrs HDra'e, th : larr ?st asoitm w.t ifTuVE-i ever bc- f re (11 red m thetit", Ci'iisi-tinj: of Ii ix-Stovi , Six. S.en and Ni:f P!at ! Stove-, B i! n, Bainsr and Cooki.ns Stoves, of the mcst appioved patterns. C;:u ch Stovts, suitable re'x' 's, Court and Houses, Mfinufac- 5" sEto- ies, &.C., assort rd, from v i-CT:i.:v " ---"- 1 S to 36 inches in leneth. -rriSSALSO, Pipe and Fire- p;.,co Frankiiu" with an assortment of Stove-Pipe and Elbow,, toeth r wth a 1arSe a,: oe-rtmmr of JAPANNED and PLAirs TIN 7t WHOLESALE and RETAIL, all of which he will sl on the bast terms. rr-Hc continues lO nimuiann trci .t. tide m the COPPER, TIN and ware line, ai ic fc V4 lvmzzmmm or ch .giiMMmm School SHEET IRON JAMES MARTINE. Fayettcv.ilc, Nov. 27, 12-10. 52-otn Sperm L.ainp aiitl Tanner's OIL. Gallons Best Fall Strained Sperm Lamp Oi', i-tsr received, suitable for the u-Cdf C'tto i Ma ufa- io i s, be-ng pure and nna du tcrat d, direct from the Manufacturer. And hav i'jmade i.r: a'ii ements, expects, as f-oo;i as the S'Mfon will i ermit of it be n made, to receive a su; p y i f Wmt. r Strained Lamp Oil, a: d sh i 1 keep a c:: s'ant. supply of the nbove on hand, at NVbolcsab-&. Retail. Also, 12 Barrels Tanner's Oi'. iust received and for sale on 'avorable te.ms. Apply to JAMES MARtlNE, Hay Street. Fayctrevil e, Nov. 26, IS-lt). v 92-6t Treaty with Texas. The IST. Y. Cour ier states upon the authority ofDr McCauley, of Baltimore, who was a passenger in the Great Western, that Lord Palmerstoa aud Gen. Hamilton, the Plenipotentiary for Tex as, had agreed and concluded upon the pro ject of a treaty, recognizing on -the part of Great Britain, the sovereignty and indepen dence of the republic of Texas. This in formation was communicated to X)r McCau ley, from, a source to be relied upon, just at the moment of his depariure.la&iinore Sun. ... -: y ' ' ' "i""5' :t'l Naval. The United States frigate Con stitution, Com. CIaxton,and schooner Shark, were at Caliao July 23d, having the small-pox on board. The St. Louis was daily expected fiom Mazatlan. Sun. tremeudotu and frightful revolution, in every branch of business, took place; and credit and confidence were shaken to the centre. Mo ney became more scarce in both hemispheres; it seemed, indeed, to have vanished. Inter est rose, and with difficulty negotiations could be effected on anv terms. Instead ot ccol.'v investigating the causes, and applying such relief as hu elevated and powerful position might command, to save thousand-; from ruin and distress, the President denounced the local Bank a worthless and faithless pur sued them with an inveterate raucour and turned upo them th full tide of public in dignation made Uiem the stalking horso of the demagogue rebbed them of the people' confiderio and paralysed all their useful energies. But, by his own act, the deposit of the public monies, the Banks had been stimulated to wild expansion; they were, for the most part, controlled by hi own political friends, and were the creatures of his devoted States. . In the Treasury Circular, the President added another link to the alreadv lengthened chain of Executive usurpation. This circu lar required specie nly to be received "at the land offices, which checked sales, and, by further alarming the capitalists, added another blow to the already sinking credit of th Banks. Congress ventured on a vote of dis approbation, by a large majority in both houses, repealing the order. But the Presi dent placed it in his pocket, and thus defeat ed it. The President's popularity was yet so powerful as to contribute very largely to the election of his successor, the present incum bent, whose other claims ou th confidence and affection of the American people, were certainly questionable. He promised, how ever, to tread in the footsteps of his illustrious predecessor, and declared that it was glory enough to have served under such a chief; and the people were satisfied. The present incumbent came into power at a period most unfortunate for himselt and for the country. A re-action as we have ahowrii" had . commenced m a bloated and boasted prosperity; and he had pledged him self to the course best calculated to urge it on. He had, in his zeal to support the views of his ' predecessor, deuouueed a Bank of the United States as unconstitutional, and cut on all relief from that quarter. The local Bank had , been denounced as unworthy of public confidence; and he euuk them yet lower by concurring m inuir couueu.uuuuu. i m; m fairs of the country had become desperate money scarce and Bank notes depreciated the prices of property and labor tumbling dowu improvements suspended and bank rupte ies' numerous. ' Indeed, so gloomy were the affairs ofthe country,, that the President convened an' extra session of Congress, to devise means of relief; to whom he gravely recommended the withdrawal of the public monies from their former , places of deposite, and to lock them up in safes, and vaults, as the remedy. . iAs apart of his argument for a Sub-Treasury, he decried institutions which had been used, from the establishment of the govern ment, as depositaries; and which, in times of emergency, responded patriotically to the calls of the government; and which had aided the great interests of this country to enter honora bly the list of competition, in all necessary and valuable works of improvement, with those of the old world. At the first moment of difficulty, they at e condemned as unworthy of public confidence, and even dangerous to liberty. Again, in December, 1S37-3S, this Sub-Treasury is pressed on the considera tion of Congress, as the grand panacea of all our woes. Congress was composed of a majority o! his friends, and it is quite immaterial wheth er they considered his project incompetent for the crisis, defective in principle, or nerveless in expediency it was rejected. The President now seemed to take the matter seriously to heart. The only measure he had concocted, by the aid of the Secretary of me Treasury, must now be treated so light ly. His forces are marshalled anew the un- this country, but under the operations of the "bill of abomiua- j Htlthful discharged, and more supple tools put Hons," the payment of the public debt, mostly j ia their places. They open their battery on due to Luropeans, fitted that country witn money seekiug investments; a great deal of which was taken by our Slates, Banks. Roads, Canals, and 3Iauu!aeturing Com panies, and returned to this country at a rate of interest higher than had been given by the Government. Whether designed ! or not, this command and disbursement of large amounts the dead Bank. 1 he dying and living lianKs they represent them as the hydra-headed monster, against which the former President had to exeit his Herculean strength to keep in check. Corporations of all kiuds were declared dangerous tolibertv, to the poor, and to democracy. Congress convenes, and the President draws a strong md vivid picture of of money, completely, at the time, covered the ! the distresses of the country, and again re consequences of the destruction of the Bank ofthe United States, and gave to the country a hollow and factitious prosperity. Notwithstanding the great increase of ex penditures, some fluty million of surplus had accumulated in the vaults of the local Banks. Upon a previous occasion, the President had advised a distribution; and, after a fierce struggle in Congress, an act was passed di recting it to be deposited with the States; and, although his views had subsequently under gone a change, he reluctantly approved the measure. Foreign capitalists, used to wars and con vulsions, watched the operations of our gov ernment with a vision true to their interests; and, taking alarm at the attack ofthe Presi dent -OQsibreign capital, his revolutionary spirit, and daring usurpations, withdrew their fund?,?inC time, to a place of safety. The Banks commenced curtailing,- to meet the commends the locking up of the public money in safes and vaults, as the means of relief. This doubtless was pro forrr.a, as he had no money in the Treasury to be locked up. The. fact that he had to issue, from time to time, Treasury notes, shews how preposterous it is to expect relief at present, at least, from a scheme on which the government is destitute of the materials to operate. - To make this Sub-Treasury scheme a law, the State of New Jersey has been disfranchis ed her legal and official attestations tram pled under Ifbot her sovereignty violated her rights disregarded and insulted, by the friends of the present administration in the House of Representatives by "refusing seats ia their body to persons regularly commission ed under her authority, and clothed with all the attributes of her sovereignty. By this act, every State ia the Union ha3 received a blow which should not be disregarded. By the ! request of the Governor of New Jersey, I i herewith submi the resolutions of her Assera- provisious of the distribution act. But it was ; i . .i f,; b!y on this subject, marked A. naymenfa I cedughout (he land. " AL WhlI the W.l&Ai ing desecrated in the House of representa tive?, the Senate w as engaged in; pasting a resolution gratuitously refusing to assume the debts ofthe States, alike insulting to their ' feelings and injurious to their character. If under circumstances of peculiar hardship and distress, a State were to petition Congress to assume her debt?, and Cougress was to doso, -it would not differ in principles from ass is tance granted to an ally in distress by war, or to the relief afforded Carracas suffering from, the effects of an earthquake, or to New York when almost devastated by fire. At all evept " " a State would be entitled to a respectful atfen-r tion and frieudly consideration; but to rcfusia without being asked, is marked with the gros- sest impropriety and injustice. The Senate knew that many of the States were engaged'" in improvements of gieat importance, and de- " pended on negotiating loans in Europe to' complete them, and requiring unimpaired credit for advantageous success; which was necessarily injured by that action of the Senate, and the woike most probably defeat- ed. . It is true that North Carolina has no piib- lie debt; but it is not the less injurious and tn- sutiiDg to ner Character, to be told by her ier- vants, (who are presumed to know,) in the Senate chamber, that she is unworthy of credit; and such a declaration by the Senate, wncu seeu m distaut parts ol the world, wbera negotiations lor money are sought, must bo njurious to h.r credit and probably would lave defeated her object, if she had attempted to procure the loan contemplated by the act of your last session. JNow, gentlemen, I have shewn you the destruction of the National Bank, in total disregard of the wish, of Congress and the mercautilo and commercial parts of the na tion; the violation of law and contract, in the removal of the public treasure from the place where the representatives ofthe country di rected, under a false allegation; the issuing a Specie Circular, at the Executive will, and the continuing its operation after Congress had condemned it; placing the public money in favorito local Banks, and urging them to use it in expanding discounts and, because they could not return it when called for, de nouncing and persecuting them; the outrage upou the sovereignty of New Jersey; the gross and gratuitous insult on the character and credit of all the States; were enough, surely, without referring to the operations of trade, or the abuse ofthe Banking privilege, to alarm capitalists as to the stability and integrity of our institutions in fiue, to produce the terri ble pecuuiary revulsion which has shaken our country to its centre, bringing ruiu and dis tress on thousands. Aud the Sub-Treasury remedy, gentlemen, for diseases like these ! Surely fhe Sangrado (heory never has been so graphically illustrated. The weakness and inadequacy ofthe proposed remedy is, indeedt like sporting with our wrongs and suffer ings, jsfe What good can result from Ihe withdrawal of Governmental connection in all its fiscal operations from the Banks, and leaving the States to regulate the currency among them selves as they best may? It ' is like separat ing the head from the body, and expecting their joint functions to be continued. The President says that the Banks form a chain of dependence from one end of our country to the other, and that it "reaches acioss the ocean and ends in London, the centre ofthe credit system;" arid with this chain of depen dence of mighty magnitude, ho will have nothing to do, but leave us to the tender mer cies of th- English to regulate our ciirrrency and credit, perfectly indifferent to Our fate, so that the government and its officers get their dues in gold and silver. The President certainly looks to a total destruction of all banks when ho says, "It is moreover a principle, than which none is bet ter settled by experience, that the supply of' the precious metals will always be found ade quate to the uses for which they are required. They abound in countries where no other currency is allowed." Like the fabled ap pearance of men in Jthoderick Dhu, it is on ly necessary to will, and we shall have a plen ty of .specie, which seems to be so dear to his feelings. Ho overlooks, or forgets entirely, the sacrifices to which we must submit to ob tain it in competition w ith those countries, where it is now held. It will be first neces sary to make the balance of trade preponde rate iu our far or ia order to effect this, (the aid of Bank credit and our hitherto liberal and enlightened policy having been dispensed with.) Wc must submit to the European, and Asiatic prices of labor, their rigid econo my, their grinding slavish habits of toil, be fore we can successfully compete with them i. 1 .a in trade, agriculture auo manuiaciures, or produce a balance in our favor to be discharg ed in coin. To expect a permanence ofthe precious metals from a forced and unnatural importation, would be about as rational as to attempt a suspension of the laws of gravita tion. The President says, in a country so com mercial as ours, banks iu seme form will probably always exist," and thinks the sub treasury will deprive them ofthe character of monopolies, and be a salutary regulator and keep them iu check. Iu this expectation of the continuance of Banks, he may be sincere; but the recent destruction of these institutions in the District of Columbia, shews very con clusively the wish and intention of bis patry. The collection of gold and silver iu the dues of the United States may have some influ ence on the banks in the large cities, where large disbursements are made; and where the balance of trade concentrates, bey pill doubt be least injureVi and enabled- to exist;