'CHARACTER IS AS IMPORTANT TO STATES AS IT IS TO INDIVIDUALS J AND THE GLORY OF THE STATE is THE C03IMON PROPERTY OF ITS CITIZENS."
HOLMES & BAYNE, Proprietors.
FAYETTE VILLE, SATURDAY, OCTOBER 9, 1841.
Volume 3. Number 1 3? 1
-I
if
4
TERMS
OF
THE NORTH CAROLINIAN.
Per annum, if paid in advance, ;2 50
Do if paid at the end of 6 months, 3 00
Do if paid at the end of the year, 3 50
Hates-ef Advertising:
Sixty cents per square, for the first, and thiry cents
for each subsequent insertion.
A liberal deduction will be made to advertisers by
the year.
Court advertisements and Sheriff's sales, will be
charged 25 per cent, higher than the usual rates.
All advertisements sent for publication should have
the number of insertions intended, marked upon
them, otherwise they will be inserted until forbid,
and charged accordingly.
No paper discontinued until arrearages are paid,
except at the option of the Editor.
No subscription received for less than twelve
months.
ICJLetters on business connected with this estab
lishment, must be addressed Holmks &. Batne,
Editors of the North-Carolinian, and in all cases
post-paid.
i SubseriherH wihinr to mn!p rmitt5inroc
by mail, will remember that they can do so free of
posLujie, ns i'osi masters ar autnonzea iy law to
frank letters enclosing remittances, if written by
themselves, or the contents known to them.
Prices of Job Work :
HAND BILLS, printed on a medium, roj'al,
or super royal cdied, for 30 copies, $2 5H
For 50 cop its, 3 00
Aadfor every additional 100 copies, 1 00
HORSE BILLS, on a sheet from 11 to 18
inches square, 30 copies, 3 00
Over 18 inches, and not exceeding 30, 5 Oi)
CARDS, large si.'.e, single pack, 3 00
And for every additional pack, 1 25
Smaller sizes in proportion.
CLANKS, wlien, printed to order, for 1 quire, 2 00
And for every additional quire, under 5, J 00
Exceeding-5 quires, 75
CIRCULARS, INVITATION TICKETS, and
ail kinds of BOOK & JOB PRINTING, executed
cheap tor CASH.
TPIE FOLLOWING W
BLANKS!
Kept constantly on hand
AND FOR SALE AT THE
CAXlOLIMriAIST OFFICE :
CHECKS, on Bunk of the State, and Cape
Fear Hank.
PROSECUTION BONDS, Supr. Ct.
MARRIAGE LICENSES
VENDI EXfO., constables levy
COMMISSIONS to take depositions in equi
ty, and Supr. court
APPEARANCE BONDS
WRITS, Superior and Co. Ct.
CA. SA. Sm.r. Ct.
INDICTMENTS for Affray, and Assault
and Battery, Co. and Sup. Ct.
CERTIFICATES, Cik. Co.Ct.
JURY TICKETS
ORDERS to overseers of Roads
BASTARDY BONDS
TAX RECEIPTS
WITNESS TICKETS
EJECTMENTS
PATROL NOTICES
LETTERS of A DMINI3TUATION Bonds
Deeds, common,
Sheriff's Deeds, .
Constables Ca. Sa. Bonds,
Do Delivery" do
Appeal Bonds,
liquify Subpoenas,
Superior Court Fi. Fn.
County Court Sci. Fa, to re
vive judgment.
County Court SubpcGnus,
Superior Court Warrants,
Bonds for Col'rd. Apprentices.
A NEW SCHOOL.
A"KN Monday the 5f.h of October, the subscribei
xJ' will open in this town, a school for boys,
where the various branches ot iunlish and Classical
studies will be taught. The charge for Tuition
will be SI 0 25, per term, for all ensaged in Classi
cal studies and the higher branches of English, or
9511 ner annum, r or the ordinary branches ot hn
glish studies the charge will be &3 25 per term,
tuition in all cases to be paid in advance, and no
student received for less than a term. The year
will commence on the 5th of October, and close
early in August, with no intervening vacation ex
cept an occasional recess ot a lew days. lo deduc
tion will be made lor absence unless oy special
agreement. Having taken a commodious house,
the subscriber will accommodate a number of board
ers at S'40 per annum, including lodi n r, room
uel and lights. SsKUfcAJA UULlUi.
Fayetteville, August 13, 1S40. 7G-tf
Fayetteville Observer and Wilmington Ad-
ertiser will please copy four weeks.
MILL S TONES.
flTHE Subscriber naving recently opened a new
IL auarrv of superior srit, is prepared to furnish
any number of Stones, either at the quarry or at the
sfnre o fC. J. Orrell. Fayetteville. The quality of
the JVfoore county Stones is so well known as not
to need description, and the feunscriDcr win war
rant all stones soid by him. If they should not
Drove to be good, another pair will be furnished
. D ' m, i .1 1
witnout charge, J. lie price is lower man nereto
fore.
Persons wishins to purchase, can apply in per
on. or by letter addressed to Carthage, .Moore
county, JN.J. with description oi mo size wunit-u.
JESSE SOWELL.
: Moore County, April 20, 1S30. 8 tf.
PIANO FORTES.
GOOD Assortment o( Piano Fortes niav con
stantly be found for sale at the Female Semi-
r-. . Tr T 1VrTr JI f tUr, rM
INARY, or of Col. S. T.IIArYLEY.
rPyeUeviIle;Nov.30 1839. 40 tf.
iTCOTTOlir G-I1TS.
nHAVE a few COTTON GINS unsold at Hall
& Johnson's, Fayetteville. They will be sold
. at reduced prices, at six months credit. A liberal
discount will be made for cash.
' " JOHN W. POWELL.
August IS, 1841. 131-3m.
BUCKWHEAT FLOURM
s For sale by GEO. McNEILL.
'"Nov. 24, 1840.
FISH!
' Tf BARRELS CUT HERRING.
JLttP 15 Barrels Whole llerring-
jO Half Barrels Shad. Being expected by
the Henrietta Line. For sale by
GEO. McNEILL.
May 23, 1S4L ll8"tf
ir.
)
MOUNTAIN BUTTER.
5jJ) Firkins (assorted.) Some
very superior, at prices from
5 to 1(5 cents per pound !
for sale by GEO. McNEILL.
Nov. 24, 1840.
POTATOES.
Ofb BLSHELS POTATOES.
GEO. McNEILL.
Feb. 12, 1841. 103-tf
OWEiV HOUSTON,
Saddle. Trnnlr. and lltr
rniAKES this method of informing his friends
jm and customers, in town and country, that he
bas moved back to his OLD STAND, on Hay
Street, One door below James Baker's Hardware
Store, where he may be found at all times, prepared
to do any work in his line on the most reasonable
terms.
KEP AIRING promptly attended to and thank
fully received.
He keeps constantly on hand an assortment of
H m T r .A x -i .
.ujujvv Jijyjj L.J1U1K& SJilJJJL.ES.
ALSO Harness ofall kinds. Rridles. Whins,
Collars, Trunks, and every article in his line of
uusincss.
He uould take this opportunity of returning his
hanks to those who have patronized him; and hopes
by punctuality to business, and moderate charges
to continue to merit their patronage.
Sept. 4, 1811. 132-tf.
Obscrver will copy till forbid.
NEW GOODS AND CHEAP.
THE Subscriber has received his fall and winter
STOCK OF GOODS, embracing a general
assortment ot
STAPLE DRY GOODS,
Fur and Wool Hats, Seletie and JSeal-skin
CapSy Blankets,' ' Sh oes JJarttteare and"
Cutlery, rockery ana Glass ware,
'hit' and wrought Nails,
Swedes and English Iron, assorted,
Trace Chains, Holloio ware, fyc. fyc. &c.
Together with a good assortment of
GROCERIES.
AH of which will be sold low for CASH, or ex
changed for COUNTRY" PRODUCE. Please
give me a call before you buv.
CANNON C A IS ON,
Hay street nearly opposite the Hotel.
Sept. 10, 1841. 133-Gm. -
SPRIMG VALE
MALE & FEMALE
SAMPSON COUNTY, N. C.?
Located (cqui-distant) 7 miles from Clinton and
Warsaw.
EI E Exercises in this Institution will be resum
JEJ ed on Monday the 4th of October next, under
file superintendence of tlio Subscriber. The Fe
male Department will continue under the immed-ate
direction of Mrs. McNeill. The Subscriber, by giv
ing undivided attention to the intellectual and moral
improvement of his Pupils, hopes to make the
School an object worthy of public confidence, and
respectfully solicits a share of public patronage.
The Academic jear is divided into two Sessions
f f five months each. Students are charged from
the time they enter to the end of the Session. No
deduction will be made for absence, except in cases
of protracted illness, unless by special agreement.
The Academy Buildings during the past year have
undergone extensive repairs, and at the opening of
the Session will be prepared to aecon.rnodate an ad
ditional number of Students. The location is plea
sant and healihy. The water is excellent. Doard
can be had convenient to the Academy at G per
month.
TERMS, PER SESSION.
MALE DEPARTMENT.
Orthoirrar hy, Readins, Wntinsr, and Ural
Arithmetic. - " - - - - $3 00
Wri'ten Arithmetic, Geography, and Eng
lish Grammar, - - 10 00
Latinjand Greek Languages, Philosophy,
Algebra, and the higherbranches of Ma
thematics, - - - - -12 50
Composition and Declamation attended to
throughout the 3'ear.
FEMALE DEPAllTMEJtT.
The common English branches, Needle
work, Embroidery, &c, S3 00
Natural Philosoph', Chemistry, Botany,
History, and Composition, - - 12 09
Algebra, Geometry, Intellectual Philoso
phy, Geography of the I leavens, Moral
Science, Rhetoric, Logic, and French ;
also, Drawinir, Painting, and Oriental
Tinting, - - - - - 1 5 00
Music on Piano Forte, accompanied by
the voice, - - - - - 20 00
Use of Piano, 3 00
ANGUS C. McNEILL.
September 13, 1841. 134-4t
BILLIARD TABLE
Por Sale.
Apply at this Office.
Sept. 25, 1841.
135-tf.
HAYM0UNT HIGH SCII00L.
THE Exercises of this
School will ba resumed on
Alonday the 11th of October.
The first Session will close
on the day preceedins Christ
mas. The Subscriber has
been at a considerable expense in enlarging, repair
ing, and fiiting a building for the convenience of a
School. He expects also to be provided with com
petent and constant assistants, and hopes, by unre
mitted attention to his Pupils, to merit the patron
age of the friends ofEducation. As itis the de
sign to make the School permanent, every exertion
will be used to render it such, both in the English
and Classical Departments, as the wants of the sur
rounding community command. In preparing youth
for College, it will be the aim trv make thorough
and accurate scholars; while in the English depart
ment, a greater attention M'ill be paid to the elemen
tary branches (ban bas been common in Schools of
this description.
The terms of Tuitfotl are the same that they have
been, vir: Ten Dollars per term for Langn.igesand
higher branches of English; Eight Dollars for "other
studies, payable in advance.
A few individuals may be accommodated with
Board in the family of the Subscriber, subject to the
same rules and restrictions as his own family, as
far as practicable.
SIMEON COLTON,
September 22, 1841. 135-3t.
We hav just printed a parcel of Blank Indict-
meuts for trading with Slaves. Give us a call.
HOLMES & BAYNE.
(-We invite the attention of all who desire
a chance tor a 1 OKTLNL to the follow
ing.
MAGNIFICENT SCHEMES.
4 prizes of 825,000 amounting to
$:00300(j, for 25th September : and
S0,UUU, $30,000, $5,000,
for 23d OCTOBER.
J G GREG()RY,"& CO., Managers.
VIRGINIA LEESBURG LOTTERY,
Extra Class No. 23, for 1841.
To be determined by the drawing of the UNION
LOTTERY, Class N. 8, 1841, to be drawn at
Alexandria, D. C. on Saturday, 25th Sep
tember, 1841.
BRILLIANT SCHEME.
t Prize of - - $25,000
" - 25,000
" - - - 25,000
" - - - 25,000
- - 10,000
" - 8,000
" - - - 6,000
" - 5,153
2 - - 4,000
4 - - 2,000
50 " - 1,000
50 - 500
50 " - 250
100 . - - - V 200
14 Drawn Numbers out 78.
Tickets SlSHalves T SO-Quarters 3 15
Ei.trht.hs 1 T.
Certificates of packages of 26 whole tickets $200
uo s. - do 2b Halt do IOU
Do do 26 Q.urt'r. do 50
Do do 26 Eighths do 25
$30,000 $25,000.
VIRGINIA MONONGALIA LOTTERY.
Extra Class No. 25, for 1841.
To be determined by the drawing of the UNION
JLAJ1 Tfctt Y, Class No. 9 for 1841, to be drawn
at Alexandria, D. C. on Saturday, Octo
ber 23d, 1S41.
1 6 Mraicn Ballots.
MAGNIFICENT SCHEME.
ONE GRAND CAPITAL
PRIZE of $50,000
1 " - - - 30,000
" ... 25,000
- - 10,000
" - - 8,000
" ... 7,000
- 6,000
" - - 5,000
- 4,000
" - - - , 2,500
- - 2,311
4 ... 2,000
5. - 1,750
10 - 1,500
10 " ... 1,250
50 - - - 1,000
50 " - 500
50 " ... 400
100 " - 300
100 " - 250
170 - - 200
16 Drawn Numbers out of 78.
Tickets $20 Halves $10-Q.ut's $5-Eighlhs&2 50.
Ceitificates of packages of 26 whole tickets $260
Do do 26 Half do 130
Do do 26Q.urt'r do 65
Do . do 26 Eighths do 32 50
tCp'Orders for tickets and shares and certificafrs
of packages in the above splendid schemes will re
ceive the most prompt attention, and the drawing
of each lottery will be eent immediately after it is
over, to all who order from us, Address
J. G. GREGORY, & CO. Managers.
Richmond, Va.
Mhuik "Warrants
State and Civil, with and without judgments, just
printed and for sale at the Carolinian Office, where
all kinds of Blanks arc kept for sale. Will our
friends give us a call ? "
NOTICE.
TAKEN up and committed to
the Jail ol Cumberland coun
ty, on 21st. inst., a negro man,
who says his name is MORIUS
and s avs he belongs to JOHN H.
PEA RSON.of Newberry District,
S. C, and that he runaway from
the residence of Andrew Wallace,
of Columbia. S. C. Said ne?ro
had on when taken up, a pair of black ribbed cas
simere pantaloons, a snuff colored sattinet dress
coat ; he is supposed to be about 19 or 20 years of
age, brown, or copper-coloreo, large teeth, hve teet
three inches high. The o ner is requested to come
forward, prove property, pay charges, and take him
away, or he will be dealt with, according to law. "
W. L.CALUAS,Jador.
Fayetteville, N C. July 24th 1841. 12G-tf
JYUTV ESTABLISHMENT.
SADDLE AND HARNESS MAKING.
THE Subscriber begs leave to inform the public,
that he has commenced the above business on
Market Square, next door to Mr Jame3 R. Gee's,
where he will kefp constantly on hand and for sale,
Carriage, Barouche Sulky, Carryall, and Wagon
SADDLES, of every quality and price,
TRUNKS AND WHIPS.
In short, every article usually found in a Saddler's
Shop. Persons wishing to buy, would do-well to
call and examine his work before purchasing else
where, as he is determined to sell VERY LOW
FOR CASH, or on the usual time to punctual cus
tomers. He hopes by strict attention to bis busi
ness, to merit a portion of public patronage.
fCT REPAIRING of every description in his
line promptly attended to, and moderate charges
made. J. 5. RABOTEAU.
Sept. 29, 1841. 136-3ia.
MRS. HAWLEY
WILL open her School on the second Monday
in October, (the 11th,) in the Long Room
of the building now occupied by Mrs. Brown, on the
corner of Mumford and Gillespie streets. '
September 28, 1841. 1S6-U
EXECUTED WITH DESPATCH
NEW FIRM.
fTTIHE Subscribers have connected themselves in
U- the Mercantile Business, under the firm of
i;, u. b. ATKIXS. They intend keep
ing a large and general assortment of Merchandise,
at wholesale and retail. They will be found at the
oia oiana oi u. B. Atkins, where they wish to see
their friends and customers. -
JOHN C. ATKINS,
G. B. ATKINS.
Fayetteville, Sept. 25, 1S41. 136-tf. ;
NEW GOODS.
THE Subscribers are now receiving bv the late
arrivals from the North, their FALL AND
WINTER SUPPLY OF MERCHANDIZE, con
sisting of a large and general assortment of
DBYGOOD.
HARDWARE AND CUTLERY,
Hats arid Shoes, Bonnets, and Um
brellas, Foolscap and Letter Pa
per, Drugs, and Medicines,
Paints and Dye Stuffs, Sad
dles, Bridles, &c. &e.
CROCKERY AND GLASS WARE,
Blacksmith's Tools, Hollow Ware, $c. $c.
Also, a large assortment of
GROCERIES
Of all kinds ; all of which will be sold at the lowest
prices for Cash, Back-country Produce, or on credit
for approved notes. The Stock is very heavy, and
worthy the attention of Country Merchants and tho
public in general.
J.C.&G. B.ATKINS.
Foot of Haymount.
Fayetteville, Sept. 25, 1841 . 136-y.
REMOVAL.
THE Subscriber has removed from his old Stand,
foot of Haymount, and has taken the house
formeily occupied by Mr J. M. Beasley as a Jewelry
Store, where he would be glad to serve his old cus
tomers, and others disposed to patronize him. He
will execute all orders in a workmanlike manner, or
no charge will be made.
Send your Boots and Shoes. They shall be re
paired with neatness and despatch.
THOS. J. JOHNSON
Sept. 28, 1841. 136-3t.
w
OULD respectfully in
form his friends and
the Public generally, that he
still continues to carry on the
TIN & SHEET IRON
WARE MANUFAC
TORY, at his old Stand,
on Gillesoic street, a few
doors South of the Market House.
AH orders thankfully received and promptly at
tended to.
October 2, 18-41' l36-6m. .
Petition for partition of
Lands.
State of North-Carolina,
MOORE COUNTY. .
Court of Pleas and Quarter Sessions,- Jlii
gust Term, 1841.
Cornelius Dunlap,
vs.
James Dunlap & others
ST appearing to the satisfaction of the Court, that
John McCriuimon and wife Sarah, Jacob Cagle
and wife Margaret, William Lewis and wife Ann,
John Phillips, Mary Phillips, Matthew Deaton and
wife Sarah, Nathan Wallas and wife Mary, Martha
McCrimmon, and John McOrimmon, defendants in
this case, are not inhabitants of this Slate, it is :here
fore ordered: That publication be made in the North
Carolinian for six weeks, notifying said defendants
to appear at the next Court of Pleas and Cuarter
Sessions to be held for said county, at fhe Court
House in Carthage, on the third M onday in Novem
ber next, and plead, answer, or demur to said" pe
titiort, or the same will be taken pro confesso as to
them, and heard accordingly.
Witness, Alexander C. Curry, Clerk of our said
Court, at office, in Carthage, the third Monday in
August, A. D. 1841, -and of American Indepen
dence the sixty-sixth.
136-6t A. C. CURRY, Clerk.
Emigration to Liberia
The plan proposed ia the laf t number of the
Repository, for the emigration of an indepen
dent company to Liberia is a most happy
one. If the friends of Colonization would
take the pains to present the subject to free
colored men ot intelligence, enterprise and
means, there is little doubt that a large num
ber would engage in such an enterprise.
Men of this description have many induce
ments to remove to a country where they may
be free indeed, in every sense of the word;
where they may make and administer their
own laws, and be their own governors, beyond
the reach of that prejudice of education which
must ever attach to them in this country.
To those who have means to commence
with in Liberia, the inducements are adequate
to the greatest enterprise; for, while the poor
est are enabled to assume a position which
they could never attain in this country, those
with a little property can soon make themselves
independent. Those who have children will
hnd the means to educate them in the schools
already established. - Mechanics will find am
ple employmeut for their labor, aud the soil,
yielding three crops a year, will ensure a com
petence, and a sure reward to those who cul
tivate it; while the numerous vessels touching
af the ports of Liberia for supplies, will always
furnish a ready market for all surplus produce,
giving in return, money or the necessaries of
life. Men going out with means will be aid
ed ID making investments in such articles as
are required, and that will yield a profit.
The disposition to emigrate, now spreading
among the free colored people of' the United
States, promises a speedy settlement of the
country; and it is only necessary to point to
the results of emigration from our eastern to
fhe western states, to show how much may be
effected in a few years by emigrating to Li
beria. Great privations and exertions are to be
endured in the first settlement of any country.
A ready example is found in the western
country, which now contains its thronging
millions of happy, intelligent and wealthy cit
izens. The more recent settlers listen with
incredulity to the stories of fifteen years ago,
'told, and enlarged at every telling," of the
sickness, sufferings and privations of the "first
settlers of the West." Those whose hard
ships were formerly commiserated by their
"eastern friends," are now surrotinded by
wealth and luxury, the result of their own In
dustry. So it will be with Liberia. Terrible
accounts have been circulated of "sickness
and famine;" but the time will come when the
emigrants to that country will look back with
pity and amazement upon the idle fears, and
want of enterprise, in those who remain to be
servants of servants, instead of emigrating at
once to a country where they may take a po
sition aniong the nations of the earth, and,
forming their own institutions and Govern
ment, show to the world that their race is ca
pable of appreciating and enjoying civil liber
ty and its blessings a country where a field
is open for emulation m literature, the arts and
sciences, and where the social virtues and
pleasures may be inculcated and handed down
to posterity.
It has been often urged that the colored man
is incapable of self-government. This may
be true of the mass,- but there are some very
capable men in the country, and on them de
volves the responsibility of giving a piopcr
turn to the views of the many.. The present
proposition affords an opportunity, for such as
are capable, of collecting their brethren togeth
er, or superintending their emigration audset
tlement in a future, permanent and free borne',
and when settled, of being their advisers in
the Colony, and representatives in their legis
lature. It cannot be expected that any one
now, however intelligent, can take his whole
people from the country at once but mere
are a great many individuals who can collect
around them a hundred ot more to form a
township or colony in Liberia; and if they
neglecfto do so, when such inducements are
presented as the present, they must cottsenlto
remain under the charges heaped upon them
of imbecility and want of enterprise.
xnuiviauats, iamiues, or societies or any
number; can always obtain information as to
emigration, and can be attached to colonies or
societies already formed, and emigrate with
them, by applying by letter to the Colonization
Society. Letters must be' directed to Judge
Wilkeson, Colonizatiom Rooms, Washington
City, D. C.
Political.
From the Philadelphia Public Ledger.
A National Bank
No man in this country would desire the
establishment of a great political engine of
mis tuna, ii ne am not nrmiiy believe that it
would establish a currency of uniform value
for the whole United States. Before ventur
ing upon an expedient, which is at leasfof
doubtful constitutionality, every man who casts?
his vote for it, owes it to his country to satisfy
himself fully that such an institution cannot
fail to answer the purposes for which it is to
be created. If its issues of paper money be
unrestricted, then we have no securily against
the old system of expansion and contraction.
If the State Banks are to continue in the old
system of paper money making, the action of
the Government Bank must be equally in ope
ration. Its power, against the united phalanx
of State Banks which would oppose it, vi et
artnis, would be as a rush-light to the sun.
They would collect her notes and withdraw
them from circulation. Something of this ef
fect, though not exactly analagous in the
cause, is seen in the case of the Treasury
notes.- The necessary consequence would
be that to avoid a war which Would ruin hr
means of making profit, she would, like her
predecessor, make common cause with them,
and then would be re-enacted all the scenes
which similar causes have produced and al
ways will create.
I am sure that it Would gratify the readers
of the Ledger if some advocate of -the propos
ed bank woufd show concisely how, and by
what process,- such an institution CQuid suc
ceed in regulating the State Banks and their
issues What ivould h do with such a cur
rency as the new Pennsylvania State Bank
Bills, "according to the act of Assembly?" I
would propose tbb question as problem the
first.
There is only one Way that a paper curren
cy can be furnished of uniform and of known
value, which shall at the same time satisfy the
popular fancy for large nominal prices ithe
big fignre." There mu"st be but one bank is.
sue, say a National Bank. By depositing
with ber a certain amount of specie, any bank
or individual shall be entitled to receive a
certain increased nominal amount in bank
n6tes. As gold and sil ver are the only con
stitutional currency, can there be any objec
tion to making.a fixed limit to the amoJmt of
notes to be manufactured out of every real
dollar: and of letting this proportion be as ful
ly and as widely known as possible? To ef
fect this what honest objection can he urged
against the insertion of this proportion of le
gal expansion upon the face of the note?
would it be too plain? Would it remove all
the mystery which prevents the honest farmers
of this republic from clearly seeing the truth?
If we take ten nominal dollars as the amount
which the popular love for the big figure de
sires should be manufactured from paper for
every real dollar we possess, how would it an
swer fo make the notes read thus:
The National Bank of the United States
promises to pay the bearer, on demand, Ten
Dollars, "according to the act of Congress'
or One Dollar ir gold or stiver corn, being
the basts upon which this bill is issued.
A. HUMBUG, Cashier.
.To meet the prevailing weakness as much
as possible, the ten dollar promise the fiction
-may be in large letters, and the frfcvatt
the reality may be in Very small lexers, as
ip pur State notes. I J
I kridw you will say, "this would be expos
ing the truth rather awkwardry. If you re
move the delusion in thai rayV the 'big figure'
would lose its charm." I know it would; and
I introduce the idea to expose the real nature
and value of the currency which we have now,
and which we have had for some years past.
It differed only in? 'the concealment of its real
value in coin; by the large and unqualified pro
mise on the faceof the notes; and thus tho
honest industry of the country has blindly sub
mitted to a heavy fax, by paying to the Banks
interest on the fictitious amount of their notes;
instead of on &eir real value. This is what
they have been cheated into the belief was a
necessary stimulant to industry, instead of a
tax upon production, to enrich a favorite class
of bankers.
One essential advantage would be gained
by the national notes I have described. Fori
eiffn eoods could not, as before, be pushed
into our marker, wnen, oy aauneraung our
l -
currency, we innatea ine nominal
The importer could not, as formerly, present
a small share of our notes for redemption, and
receive in payment nearly our whole stock of
.i t .t j.4r
specie me oasts upon wiiicu uiu eumcui uui
circulation was issued and leaving our own
people with nothing but certificates of the in
solvency of our Banks; and upon these, too,
instead of receiving, actually paying interest
to the hankers for these evidences of. their
bankruptcy.
Exchange. -t have said nothing of the util
ity of a National Bank in regulating the ex
changes. This power is claimed for such an
institution by many who dissent from the opin
ion that it can regulate the currency. The
currency and the exchanges are supposed, by
many unthinking persons, to be necessarily
connected. That the regulation Of 6nfe ar
ranges the other. That tho necessity and the
power of a regulator to control tho one, in
volves the necessity and the power of a regu
lator of the other. Nothing can be more er
roneous. If our currency were exclusively
specie, oar Philadelphia merchants might buy
from New York more goods than they could
pay for at maturity. Their notes Or drafts
drawn against them, would be . greater in
amount than would be required to meet New
York engagements in our city; this woalrl
Cause them to be sold af a discount Ex
change would, therefore, be against ds, till wO
reduced our purchases to Our means of pay
ment, f low can any machine control you
and Trie in out purchases, or keep exchange at
par between any i WO States, when one has
bought more' than it can pay for? The thing
is impossible. The only effect of such an at
tempt Would be to Conceal for a time from1
both parties', (buyer and setter) the error they
commit against the natural Jaws of trade, and
to prevent the speedy application of the only
regulator retrenchment.
This wholesome and unerring regulator
shows us, at this moment, by the rise of ex
change on Europe, that we are buying too
much, and we are instantly warned of our dan-
ger. As tne "governor ' rn tne steam engine
rndicates the maximum pressure which the
boiler can safely bear, so does the table of ex
change inform the merchant when fhe point of
safety is reached in every direction If there
existed no W any patent Contrivance' (as the
U. S. Bank) to throw a cloak over this "gov
ernor," to keep down the natural rise Of ex
change, by any borrowing or kiting scheme,
and it is only by such means it can be done,
even temporarily, We should be deceived info
further indebtedness, until we effected out ruin.
This is what has been the exact effect of reg
ulating the. exchanges, as it is called; and to'
if may be ascribed the ruinous credit system
which has broken up most of the merchants
in this country. Preserve us from any patent
National regulator of exchanges! Out busi
ness is returning fast to a healthy condition.
People buy only what they -want and can pay
for and this is the most profitable business
in the end for buyer and seller. Let us con
sider well before We disturb it, and produce a
return of the system which h46 mined us.
When we bought and sold more than could, be
paid for. It made a livelier show then, but
now pay day is here, how dearly we" feel that
We have paid for the gratification.
ANTHRAX,
'the Wnlg Candidate;
Henry Clay though ali bis life playing a1
game of expedients and clap-trap, and ever on
the watch, not for truth, but for the' direction Of
the popular currents, is always faking the tide
too late cr too soon. In his confusion under
the Vetoes he has had himself announced as
the Whig candidate too S6on. The Concoc
tors of the Kennedy manifesto would have
held him back a while had they acted from cool
reflection and not under the exasperation of
defeat, disappointment and revenge. To
nominate him now. is a false move, which
must drive from their heterogeneous ranks
many of the friends of other aspirants, many
of the eastern Whigs who' prefer Webster
many in Pennsylvania and New York to
whom he Was always distastefuVmany of the
ultra divisions of the Anfi-Sfavefy rnen fo
whom he is odious as a Cofonizatronisf, all of
whom might have been held fogetber, how
ever loosely, a little longer under the general,
name of VVhig, but who will lay down their
arms and disperse ndw that they are premature-)
ly fold that they must fight for . hira alone.
Those who foiled him af Ifarrisburg will d"e-'
serf the. Whig bauner, now that bis name re
upon it, and those friends of Harrison who
with his friend Brent, remember Harrison's