Newspapers / The Greensboro Patriot (Greensboro, … / March 3, 1855, edition 1 / Page 2
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4 -7 4: J t 7 '!:s ' 1' b " 1 T T 1 1 - . jlli'lii'Ii-H'ui'n" w w i . t ?; iving tw Jt andrei t9uksj$cnn t . Mr; ChaWintliebank-Ipropn!wdt to bWn coute-uptuirtMly sueered ot as a .powerful lhk, with stridgciu condnwas and strong restraints 1..: 1 ..... . (h,. ; iVkiJilAM itirk k.en ' them from Ai far 1 tha utrcnsth of tha pink I 'diil'l the conditions I and chicks ipokcn fj art f-Tiwnhnrtf:?--2f 1 'Know" anvjningf at ai w Li tUit tJHie2tikvtion)ttnc carreocii8ilne W-ly t njt. irwrbly surrendered f.q$f Mm cTiwl Kmkn nd their detndcueicr, a Wte idiiir nt whiwe .toex Huoui to a tr-, 01 our wt i.i..HJ. it 11. if itM itttnotK! and liberal iieuow - Tf v v w j- ' - " - -r- - S Ta i this lis the mli. impojftan. awl . aWFSi" il -7ttrrehUcr of twer thAt tlw ireftiocnj ith- camiina iiave ever ikluiu, uu rs nu arir, refcutativ-e, aud fata whce :; heart thruw tnie, v.! I tnwt: ta labonug hurnamt every where, Ivfeel bound fto uulitj war; uou it; and, if tl i jtUi c;rt4lw;ti upon us. enter lnv it is nan, eJiv and iociallr wronthusto rob the JStato of 1 ncorned, thw is trae but !tf the bUl a trifle a, Ki ih.ir trili kftftnilh whtt Are tnthmiffl tal in binkinli4dr it .a-Ji. doin 4i i4" truefWd if ehrjr ia it iutinitely hotter fir u- to i.'i'X Tt...-11 tKMfi in have un.4dkol.( or ii'i: a' p ii "T rw T t ' j Jierj power her Mvereiuty and her jweIthffes, rgt tj wy,sr,are lueitof jtliehighiorderof intek j ueclally when, by ho doinjr, we jentail i iutoief"ble . feet, tiid once aTOnsed;areas suple-inthdedand mei 7 ouj-dens on the public and put in jeopardy tjveir tally yiorous and enenretic an VounjrArueriea hiiii- ;' j right and property as free men. , Itirio r0ply geUpd not tin frequently possess weafth.cha'ractcr j to ihisjargiiincnt to My that Bank Dirisctors!are inflnjice;and a oyhtical weight'and t)uiidn.gan . 7tfio hili miiided; . tj ' 'niake in , iiuprvperi bsejl of eient give thcV opinions groat wei:Ht, no; matter !thef un.rentricted p(fWer and privileges nake ooworToneoustherinaybc. Andforniidablcai thev " iwonvi I need bat j refer tothe proofs t already 8re t ret to1 say" they are hottall I hall adJacud to pi'ove'thw U not so. liaiik Ihrecibrs ; r utis HkFother men j kiuc of them are pxkj, sWjie , inJi.Tcrcnt and others very corrupt, jinq groat 1 ' - M . 1 . I & k- M II 1 iniiortT of them are Iworthy of all respect, jw- eyef :is cituens. - lut tney pun autuu iuai:uie J jfsuioii that they occupy gjvea them great pofer over' their fellow, citizens and, their property if their HKirt !in? and lheri contract in: their circulations, my I tins proces every man, I care not how prudftut jl hcinayl be, can be placed astride of theSSca-fiiiw i; of fortune ami made t goup and down,kt tfeir VtwiUindf bidding 1 Atid that banks have tus ': r-.i!ti'uded -and contracted their circulatipna to j iimke rimey;is clear i from Vultaii'e's i letter had otb'J proofs thit we havo already oflferedJ The l-irrehidont and Directors of a bank, 1 ckre jfiot how honest they my be, I humbly subuiiit, re lH fon jHTbons to leive it to say what quantity of ptwi tho Wik 'shall put iu. circuUtiori--bJrTuU he ai State officer to superintend tia dcirtment in every State. And every liankin ,my imuible judgment, should be required, asin : tle inow undr consideruUon, to pledge cDr tificates ol Hailroad Stock with the said Ste oflicers, ! in addition to its capital, as collateralie I eerily to tho wliole amount of its circulation as a criterion or reserved basis by & upon which, to issue the notes of its circulation. , Dy adopting tis system, we have a safe and practical rule to gude mb ia n regulating the paper I circulation of eeh r- bank, as well as all tho banks throughout the State. For example, if we, "as legislators, ill , but Come to the conclusion that we will io futdre invent the same amount of capital for the S$to in our banks which she owni or may hereafter subscribe to tho rail roads now completed orin contemplation, and that no one shall be permit ted to take a share in1 any of f tho banks fof his State, who has not taken a similar amount in f some of our rail roads, then, sir, we will havr a r sound, uniform and safe paper circulating medidm. Irholiil that it will be utterly impossible for usto fpnt alliKit too much -paper numey, or oVerbiiik tuirselvcS, if this plin bo adopted and strictly id r Jiored ta Surely, where there has bden a dilar iivetod' iu' public. works todevelopethe reWm&es oi ilia nww, n. win ue aounufntiy saie io issue a dollar br general eircuutlOQ Upon tho vti$$ ub- dfcated -ni the bill itnder consideration. ; i t i . I wis-h it to be borne distinctly in mind, that - the system I nropnse lor banking is one tolwbfoh there are weli-dcuned boundsand sure and jer . tain tats to prevent any one bank, or all pf tnm together from going,! beyond safe audit1 proper bxfuiuls with their issues and discounts THi'is TejiWHlieH the great evil of our present system, Snd should be; speedily adopted fw, tho benefit of he banks as well as the security of the public ..a0l.wc- awurc' lUr I vnairiuan,inaj 11 is mpqpi-t w iuhu u vuiivuuv, tu.iv win aiw.iy reuuiin ... ..... M . . . . H S. . 1 . . ....II .. I . .A tl. rt.l .ml ttnrM.m W . to i Ar proof or this,dobk at thti multitudof KH1W U.f.,m thU Lplatni-o rW nnrlV,. WteS U&,Vt ? T 'l l admitted on ali Innk. ind W .niri ihaVU UUot do to K 3 ttiSi Stetoss SCurT.! Sfi " ::rj:rzi"i: irtz: m:?- cum among jrco men, ana eouais, who aliall have tho most profitable franchise the State eau confer (Upon any one tor the next twenty or thirty years. . i- . , i 1 -. . . 7 ' . opinion-, once more, that we should rrant nn nt ;iU0MA.n..n--!;'.,. uT. l. iT - i. A,. a ku-;. . l.jjl - iw v ww, uiiv uau vt tnu lUlrUB OI'-llS ' .capital stock j nor should any individual ;; bo per mitted to take stock in any batik hereafter! organ ized in North Caixlina,funlefs j he owns aJ kiular , amount of stock in some una ot more of bur i-' ' . 7: I ' i ' I 4 t 7B adopting this plan, thb most patriotic,le- sprtmg and enterprising men In the State, with I 'ottt regard to sect or party4 will be proteetcden. couragedand somen bat rewarded Ibr th!jr devo tion and lelf Sacrili(iinr eiTnrlu int minioiJ ----- i p . ffUVl A7Ui, 114 I aidmg oar good old Coinuion wealth to develop her rasi resources, and hind, the extremes of her territory tugcther by booda morci durablo than ihof Wten bras Mr. ChainnanMrciibot each of oar citizen aa arc laboring to accoinptUh -Ihcsq glorious results rorthy of afthe eoiumnb). i oentand support wp can give them in thU wa CTpecially when we remember that tho Slitolnd causo of internal impretneut arc dcstinell to be benefitted in a double' degree to any rewards or bwintic;received by these men, from the prvil eges proposed to be granted to! them; in tfc hiUf toandgivd the Mvidoalstockhold- - 4 4J M they' wjrre desirous t exercise it, to their lurt anj ,s being the ease, thoy can see'ho necessity deeply interested as ttickholders tn the .other arid . prejudice. Under the present syitemj of inpking any cliangc in the banks or the prin-j banks, had ejrted themselves, and all the power banking in .tbis State, it is placed in the jjowejof ciple upon' which theyare organized, TheipoJiTj and influence tliat they could, with the aid of the few bink Director ito make business : j of i all Cy of Jetting well ' enough alone is a good one, cs-; banks then in operatiun, bring to bear against it. :-viinds so tincertaiif' a$ ttocbaflle all humh sjill peciafiy in banking7lj Now, Mr. )lairinan; for Audi baye bceii to1d'veriand: often,1 that hiid and caleulation.siiMplyby their mt rapidly texpahd- one. i am willing' to admit that the banks are I not Jud-e Gastbii declared most solemnly that he i Pcrfectlvi stable 71 hero must. i.f - noccssitvbe ; ... . i .t..: u:4i : : i . tt-.i-iJ.- A t . aowo lluqtuations in our circulation, and (Win? knoWp?updh carlh excepting by dutic-. and im-1 hr to conclude if they had supposed that the necessary and proper, aa the a-ttation of the dAep posts! by which inch large sums can be drawn ! Constitution of the United States would have ever watcrsot thorseaare to.iUpuuty; but let e- - from'the pocketsof all classesas by tne ' present j been construed as it is at the present time, they member that the Creator of all has set bounds to bankjpg system." It has been estimated that never would have adopted it. , i ' 7 thaud d-uafar ahalt thou go anno anrmallylfcbtedftoin the pleofthis . At this pointy I desire to impress the fact! U hVicsent loose1 svsterii U to mo the In. Uw. Jet af le! mtfHt 4)11 the he minds of all Who hear me that the yenerable -7 7 , ? .,";;.! -f; i. - -( : - ' .is. :vis;-..i if , !;, - 1 :v :f I ; , i'7 1 ; i ;'v:-.F4 ! i b. v ; --i.'-h a;: .''4. - iyi-'.l M . r ' ;---1.. v -. --v-H j ,-J - K1 ers tt$ control of ths biok ani C rbxxrieep the tW aepirate 'and dialing ; fra cash other i :W-t t . ' : ... l'.ii .j iu- f ' iL- lorcycr, ami tarn uaiov e;wugn ;tu uuru uc pre- entire Ire&TiU 1 in oar priiscnt; baanct ; systein. J am award that I shall have tocontcml aajinst man; strong men, ana deep ana jwiwr prejudices. 'Yes,Ir:" Chrfir.Wn there' a.!nwnjr!1whdf:lire -jJi- reCtl j jinteroste - as tfiekholders mjsomf one mordof oUrprent1 Ibnnlai yrhopritl ib' all 't&at' they' bin to preiddtie this inlnLoOtndrfellusr. nieiien jiTO kuu rewM's i.wmi J pcoporxw as iuejsoc utv injm wm old, tii raBe.the. shout, Jong d .n J, :. great wi Diana, .the goddess if i the Lphewaa. ? Beside the4 I ,;Kreat4r.; fear that r every one- Ivrhos vkwe is found oji the maa'ternt I'&ihv-'d&'Fojtyjpfy will RUv to the sappuriof tlvwtr particular Iriendi, who hate loo been initiated and ) itutalfed into the liystenes and reald tftevrvrotiM ot ftanJttng umuusi imi fcv ..-T. -"t bj. tVnd iTe theartheir ondiTided saport. Sol true is it; Ihaf; intinetf is poT(rer andjrhon atMocated is an oTehnuch forrtruthJ it', has bc comef proverbialIn oneijwordwealthl is the fyrtl ficatiiti behind which iall'ofd! FonHes stand lo Seht theirlirrcate battles : and' iiianylof these inetil5 1 re- have rrayed against me in-this contest. There ' are. nianhere, I (ear, ; who wiH joini'tKetrong fjje go, with these gentlemen apiinst liy but, anJ for retaining otrr present system! of banking uponjthc grounds ot expediency, l lie present banki tlwy contend, are; sound, popular and pjo- fitahw imttitutions to the State and StoxjkhbyersJ tbU heinf the case, ihov can see'ho necessity J sound and profitable, and popular at least with : some very Influential men in the country, no one diction, that North" CTin will soon stand forth redeemed, rrencrateJ anddisenthalled' 1777 1 v rlnUhaatabms a dooidei'SUndlini faor of an can well deny this fact; who has witnessed the profitable employment rof more banking capital scenef that have ' transpired withiuthe last' few, in North Carina, the, bill would have passed the week Buttons, button -holes awl rmt'Mkirfg'fllouse by a much hirer majority than it did. the manif member roiifd afw bm$ tcaltnUtit u M thii t Senate. Now why wa5s itthat this, bill' liad rto hnixthfint fttct. ' Hot 'does this prove ' that banks,1 ; organized on 1 their- principles, should never be ! put together; k It. was popular, because the nieni creat&t in I bis State'; and that we, like the Medes ' hers of the liegislature saw that the Bank of the. and Persians,5 should always adlfere 'to one form 1 State of South Carolina brought in revenues en and oe fomronly of granting Our banks charters, I ough to defray nearly aU the expenses of North and tlat one set of nienl! atfd their; descendants 1 Carolina, and the friend of the bill were anxious shall Injoy airtheprofit realized from banking in ; mis outte lorever even io me cracK pi. aoou j V.. , 1!. Pl.:.,4.n U. t..k.... ntanitV, I honestly hopo hpC ; Yet, sir, it is abun j . .i i - !i..4 ,L.i it jt; L '. . i ; aantiy inaniiesi., inai mere are many ne re ana elsewjierel who have ! slightly ! the advantage, as things j; now stand," whoFare filled ful of horror, whenthey hear the iliglitcst i?hahge spokeii of or proposed. 'l ' 7';:'t'- I " : '7'"' " It will how be my' purpose to show that these self-sme gentlemen, who are so ready to cry out i against any and all changes in our present bank J ins system have" managed, by cautiouslv pureuinl a course of masterlv inactivity" fot lous timeJ so as sions i'i" ... . . ' i . !, . . i " f the ffreat fundamental doctnnes of the system they yrould have others believe they sa much ad ! mire and ' approve, Iet us not be deceived in this matter. We have lone been living in ' the 1 midst of a gmat political and financial , revolution. interestca parties may taiK very nueutiyaid elo- quenUy of standing stilt and adhering- to the irood i and 4afc old plan of our fathers. But do, they do itf Are they inactive ? Do they stand still - ThcV'aro ever on the" alert ana auueru io mu sysieui iu its puniy i JiQ, sir. ; nimr furwan? tn nueat'bf nower "The nast historv of the eountrv i nmVna rnlnivolv that nil Knl rim ni nlv ' anxious, but exceedingly desirous to -enlarge their t Werottatiircs and make sore anA npnnino'ht H tli i Wen that arc conferred upon them.; 1 7 m - : - . . Mrl Ctaiinnan, it may be well, enough j- at this ! iii' for us to eiatniue into the pripiciples , laid poi dowu! by some of the ablest men that hiive ever1 advocated the present plan of banking, as well as the hlstorVof banking in this State, ; to see if A - i . . . . --r.. there be any truth in the crrave char&es that 1 1 i '&.?..- t-'i ' t. . . ,rf7 . . . ) uave.veuiureu w onng against ineiricnas and ad- vocas of mj present3 ban ksr and I .... ... . , . . . sys- i 4,,n ii : V .i" 1" ,v. V" . "u iu j .a-..ii. ' n 1 4.tr. 1 ' zao.v'i'ia S?a ( y wr. ou, a Dank can, by the help of its f d yKellxinstatheamount i fl,,t? hn ! "ce for 1 e:crnndred thousand of their own capital em- j W d,unt ;the ks draw twice or j I" dr-wnroni the same amount & pn.m div duals. The gain 0f discount : wjju.wj ' . nn nnihioU huSlrti fu. .TZ,1 on notes which havo but sixty-threo days .to run TV...Vl4.i.. Is J l 1 S"?F l? ed .lr. llicardJthe rcat meua, cuampion ana aeicnder of tK 8stem, to use tn ysteui, to use the following language-:' " As it is publi credit that supports the" bank, and not the banks' that supports public credit, and as tho de posits of the banks are the property oft the com munity generally, and the profits deriyed from cir culation come from the community generally they ugh! to go to the co:nuiunity generally and' be used!to lighten the burdens of fixation.'; Again: " If a charter were abjut to expire,!; the public ftiigh question the policy of permitting a compa ny tienjoy all the advantages which I attend! the supplying ot a great country with papor mdney. Paper money may be j considered as" affording a seignorto equal to its whole exchangeable YaJue -buj aeignorage in all counUies belongs to the State: and should never bo parted with but for an Cquiyjilcht.J7 Or in the jeoncise andfaphic lan guagfj of another:? It bay be laid I down as a general rule, that independent State or free people, whd have to be taxed fir thb: snpportof their jTeramcntV"-h(yuld ever tolerato a bank to apnnW up on their aofly in-which the tatc is hot or may be at any time thW chose Hirtlv ; .'WatleastWfor tf 04hirds of wcwck W insUtUtfonofi 'K.lt to oe s low iv due consianiiv inaKin' aenrrps. i. iuis circusiaucc mccouuis ior usauv imnona i uu eucu mms u iuiius Sipon the Statei byTdeipartin2 radically from l facts and transactions in the history of the State, i fort Harbor to the . Tennessee line ter of any bans d renewed, , witbont paying " to families an 2' friend, . "when they related verbaCm theernmcjntlnteifc been saki aad doo ' 1 Then, 6ir f ereni comu)casabt:with the captsal acd tU timV'for tyve thou, and dollars revcDue-'was'amply' sufii which tha fraachise has beeu mnted.tr :itH rcient to meet all demand made upon9 the State Mk Chalrunv this no new fanned ,4ctriiie?' V tr, it m the doctrine 'of tbe'&mn- " " ' :. i r ' -T--i I ain Repeat jwith loiphasisi; that" they ever j were cniltf of the lolly of chartering a little bank. or one in hich thor State was not a -ronstderale j stockholder ; a tid soiue years after thefcfate Jiauk was chartered and tte charter of the Uape rear renewed,-tlierej was a now7!a'; considerable' de mand for more banks land banking Capital in the Stated Cdnswjuentlyj, when the Legistitore inetf we find that soiiie three or four bill were Introdu ced, proposing to creite lieal banks in various parts of the State, all 'of which failed to pass; and why were1 they defeated when the "people wilre demanding of their representatives more banking, lucmuefe t--7rofiunaiiy( lor us, Mir, me ; jirwcw lngs had ithej Legislature make' this' mystery perfectly plain.' f In the early part of the ; sessfon of 18311 beUe ve il wasj a bill was iiitroJuced into the SenateL proposing to charter" a bank ion mo tunas ana creuit i tne oute, as soutn iiro-. Una had done, r Thw passed the Senate by a large ana triumpnam majoruy anawas.'acieatea in the House by C, Votes onty ; and thnt.ftoo, f- ter Judge Oaston, and many, others whov were deenly interested as tickholders believed the bill to be ' clearljr unconstitutional, and the old banks that there was no room for' the much more popularity, than .any and all the others to free the people of the State fri m direct tax a uoh aiMJjuici.ii pjBsioic. . .mw r m reasou i trim Vii Kill rvi-.7n.-l f r Vio an ilrArin it wu. I quired the combined influence of the then exis t..u : i t ii j..r t ting banks and Judge Gaston to defeat it. Mr. mce Chairman, this movement is in perfect accorda with the past history and prejudices ot our people, . . a ai The history of our Shite proves that we have al w3'S been bitteHy opposed to heavy taxes espe "eially direct ones. It will not be dented, I sup pose, that the first settlers of North Carolina were most shamefully imposed upon by the officers un der.the crown of Great Hritain levying and " col- lecting unjust and oppressive taxes from them. i .'a., r.- ... . and shedding blood iu Alamance. : This fact, al- so, accounts for North Carolina being the latest State in the confederacy to adopt the Constitution ot tne t inted States- Many of her prominent men, who bad felt the hardships of an unjust and oppressive direct tax, levied at the instance ot x, levied at the instance of a foreigh overnuient, were opposed to givitg to Congress the power of levying a direct tax to an uimiuucu auiouui, whuuui iue 9onsen oi me State lorLslHturps. nor did thnv innmrA of that ! provisiou of the Constitution which. inves to the FpHpral (Invprnn.pnt to txoiiv t4irlit tn illt imposts and duties in all the ports of the Union. 1 without allowing the States ainf ner nt..tnf th i a . m . - t revenues thus collected. Ihw little scrab of our colonial history acoouuts for the important fact al- that the taxes in North Carolina always have been up to the present time lower than the taxes ... . . . : . r . pid in any other State almost in the Confederacy . , . Yes, sir, aud it Accounts likewise for thef effort; made by the Legislatures of other davs to do a-! "J r r l..'2T4 i . . ' i. .. y " ne; uecessuy vi uirect taxes, altogether, uj HiVimaiu luv, tJV-ic; B liliurcsb III . I lie Clipimt ' illTC IJLfLlV TTi .Ar. l I . 4 . a m;i a eonsirucuon ine aorainant pjiny now gives to went into opemtion, if I may be aHowed that ex- pression, it wa construed bv its frkmers so as to give to Congress the power toWnict all kinds of internal improveSents within thef limits f the States,-Congress, alio, in these early1 times, -claimed and exercised thJ(poW of esUblishing a National Bank, and; aa early as 1 800; Mr Jef- ferson decbrcd so soon as the publio debt was liquidated, the public lands should be-re-ceded to the States, or rather, the proceeds from 'their sale should bo mvpn to them - n iitli ;thri Sta construct works Of internal improvement and ed- npjita thpir nMtnU. AnA manv vaak iw m we find Mr. Polk, arid manv other &wat nin nf: . r--- , the nation, noting to give small portions of the public lands to Connecticut,' Kentucky, and ma ny other Sutes, to construct Asylums, College?, and other State Hnnprovements. And supcTad' An. A t. 11 kU - .U... a. rt a r ded to all this, we find that the very first Con- gress that convened under the Constitution Tram - ed and passed a tariff discriminating in favor of manufacturing in the various States. Mot un- questionably, Mr. Chairman, this was the cow- i.wvinfiiii iuuiuhi v uc;i"ucu m vuwurBrc i,uvii imcu Mj icuciw vivusbtbuifiuu ta vue.j wuiuieuvviuuii ui ifuiaviciuiucuk- Aticu,sir,au eyes were turned to Congress and legislation in Washington City. r The Union and the; Federal Government were every thing. The States and the State Legislatures - and': legislation were ' all alike considered but of little or secondary impor tance. And ao they were in one sense.1 Our of miue ; iu ders of the present system of banking and old as7uSeient to raise the sum of seventy-fire rthon? privileges along the line f the Uorth Carolu.; ,cVand let her. trade be diverted to otherrhaW '71' the aysteoi itself.7 H is sodnd7 Tepab&can'j doc- ,dullar; v Hti Chairman light as this na lUilroad; to Ahfl amonnt ofiUS -Of 13 iuillions 7yeb ju- not gfo ha, . got j herj " J -$x trine, and iW hleftrandeji orVmrjero adhered to It wit VUie tes their 4esci?dtsi4ngii?'lP lwrtie4i; mitter .Uwhicbthei5uta WW aidf.tlie fcute; and XheyV:vi.Jfmita bgdolyNthankfulnr:" ....w-M , hi!abWrlbe for are for adbejirig d the ;jnt;aytear-done!aitt w tiuio TClOo wei find alleve turded, extent that tliey liave aided the State in building ; vcrfo& hcre'to -tViTutinnibn" ao iMtaeaWI : H Ourpredeeissofx IwproTecniTbw-'. w Hlbe Wed W to weilandmm?!! ' fMU,lw tr?Miufr,Vt.r? f' r' Tj i :tf i eu .iwji; gwij.w. i-5V'r? r)i tnnst Jet the Ucaurort railroad alone i knd hse in f ' i ing her chW lhejocatcs ofthe; pMnt. ?7No, Wgres amUhd Jcdcral author. Hghtpf this Juje fcs grant m t en&K&l iS feWoft&?&flro K 3 system whaW interested lii the; Tresent 'banks ities atwd jn a dinrentland iar nftmportw thenJ- out, and force w7vie1&tothe: i j pposeadherot did not nndemte the importance of, the State njtn ofthemiare'patnolie wewiHbe lifcefvttfffet Stated-1 vesting nwiieirfbaUk;. ing a reverme and keeping dowhf the direct taics ' ntter of some jmrwtaoee,,whq jrci wtt to"repre tenf fa' theiupelve;and ikii.iHes.Ihc plher iteZtiffiJ 1 ttha State: 31. otiiMiveevidence of this faeL.' sentW Ju the6uicUs of the mtion. But uhdef T!!S;ar .nd inV IhatrX ock??f5l Kft Ii 1 - ' . t . i " F"ii . - . - . i - u w 4- - - -1 j i . a- : -i - t . , i js i uu a, w mm i w a mm-w w - rn - ... r rnn i npm vta nil ran van nr w nw h Ia i. . it was this that led to the tterulato takmzartus snout comes up iroinme people. owri Legislatue, prior to 1835, though it met an- tend our road from ; the Tennessee line tcf Beau nually, remained in session not more than fire fort Htrbor id tbc wigwe a or six weeks,' elected a Governor, a few "'Militia j I assure 'thehl theyare mistakenj Are we blind Colonels; appointed a few Justices of (he 'Peace, (as bats and deaf aa adders? .Cau wo'neither ace. restored a man or two to credit, divorced arrjnari relsome man from his wife, then adjourned, weh;, pome aiKi cat thcif Chrtstrnffl dinner rritb their r ., 4. ' 4T- ca0,7 n( -0 ceDts cn tho pollr'vand;.6 cents 00 le hondred.dolLira worth ofiproperryvT ere th cructLiii nowgiteto rjgret 7pn?anK f , i;n i - . : i . --t a. ..! . I for it is? now declared to. be nipcuostitutiuoal to make any appropriations to works of internal im 0l??tiud of inv f r. fP .V ture not' to - Congress .can do little or. nothing ' tor ;nhe L-Statei it,, provemeuttiwhjn thelrders :th!itae-pj--f- cUnae" tW"i!d: thimrt that haveTbecn iii-e PiW''!M$ wncc-lheicariSWrror'adkithCf nf the linitPil Stafpa ftrf nvA nttv1 Linda nr thril.n i .t. Ml! r M ... proceedsor their sale, to the States. ,7 It balso ael cwrea to, oe ? unconstitutional ta lay any oiner i kind, of tariffs than a horizontal ori ml valorem vnef ! All around, us is i motion, excitement,' ; ehane-r- aud on this troubled, sea of beiug all things seem movable and keep jnoving. As a striking proof of this, I need but refer to the mighty revolution " that has taken, place in this State! within the last? twenty.nyeyea.aswaras ana oanxinK, wnicn .i nave just anuaed tc. ino u"tu y, ffvrv vv"i,tMi 'y? "m u OBHS? f llPIII in nintrtTft !nr Wnrlfil til aittiKt. tKoitk in Ao- them in constructiug works to awsist them in v eloping their resources. The Federal Gov t5tn- i ment is found IJriareras like, no longer stretchins jout his hundrol arms iu the Way tf -great nation.; ai worxs tnrougn tne terntones ot every Mate. a .a - ' . 1 . .; : iiooir, tne ciaies uecame jeawps oi me mignty from this work. Nevertheless the people need these works, and are determined to have them. As oonclusive, evidenco of this list to the defean ing clamor, aroand us, and loud as, it is,; it grows stronger and yet stronger every day. j There , is this voice. From Beau-' the ( defeaniug give, us 1 tail roads and Banks, and Banks and llailroads. f: These are ! the subjects that now agitate and excite our con- stituents, and these cries fnm the people we will ! have to respond to in an; acceptable manner, r or give away to those who will. . Wejcan neither post- pone nur dodge, these appeals. If we! tell .them i. II . I that old North Carolina is. poor and has nothing, they will respond she. is as well. off. as the other Sutes, and some of them have cone in debt as much an furtu-n me m illion for the purpose ol en- abletnir them to constrvct llailroads , and (Janals. strvct , llailroads , and Canals, And mirmnffn to&iv. it is ihesfi veirv exnenditureft that have crealed necessity so strong tliat it can- not loner be safelv resisted for similar Works in . ... . . flF aa. a iNorth Uarouna. . It will not do now to stand stufc we are compelled c by r the outward pressure all (around us to go forward ami do ias they have ttiune. And how Js this. Mr.', Chairman 7 7'Go in - , . , . debt and pledge the faith; and tothe amount! of millioiis and nav interest and principal, until '.ti.jf -fni.? t. i ' s cancenea, ; i.uisT sir, w me uemocrauc, guiles rM1" .vviiivi uvhii ail uuua ,ui ; iinciuai 1 iiuivun,iiui nuvi. n iuv vviuuiiv- bi in aiiu C .. l:J'. -j - - r.i I IT ' '. 1 ninwtvciiiiAiila M-il A.iurt liotjl lU ai.ii .1 w. . . a . . I . ' I . . 4. . - u. . .1 .. . J to the General Government to diiieharge the pub- lie debts, when thc constitution was more liberally construed towards! thin than at present:; and now, when that debt is dweharged. il ls held to be unconstitutional 1 surrender the retuaiuder to the States, and that,' too, when the constitution is so interpreted, as to put it out of tho powCr of Congres to give jtdl the States the least assistance in carrying on their improvement. 1 bese things being so, it becomes this legislature to loo well to the credit of the State, and guard and foster it L: .i - U.M ;-.i..v. 1. I. .... i i , . . " r resourse, it becomes us as wise men to husband it j bvj oi,, .un, o vui hhjh uwvu o vui wiy well and use it as indicated in this bill. If we do not, and continues to fritter it away, as we have i heen rencenuyjdoing, to a lew individuals, ior a i80"? or n oyster supper or two, iheu we will soon be in trouble. If we go on to create banks in , . - v . - which the State own s not f ""V H rirT credit as a State will soon be marred it not tie - troyed. And. remember, situated as we arc, it is by the skilful management of pur , credit that we are to improve our State without burdening 7 j four people with heavy and opprcssivotaxc. t. I But 1 tnust say in thw conncctioa, the past 'history of our btateshow that our people are too ; uii-vciiT uuouio j uizu uuuii w suuti wit.-v ; to accumulate to a much greater extent than we - propose to raise them this session J Tney will aban - uuii lucir huiu uuiiuuuireu, auu uui gi wuipicvo iuciu, uetuiu ; iucji . wiu uuiucii iiui;ilm;ic3 auu posterity with onerous and oppressive taxes. . I do not wish to aay anything that wilfcool the zeal or damp the glowing ardor of the friends of Inter- nal Improvement, for I am an Internal Improve- ( Iment man myself, and as such. ,1 deem it tobeJ. f mr dutv to sav to its friends.- if thev hone to ex- r bear or feel? .The pebpler are now arrayed, as. I bare tiefbror-lotiatttcid-:-lhtv-tw4 ' great mrtics. ?Ono of thcc;isr demanding UailrOTds, nd the if-; .W;?.BCl",tt,jHy 5.;lnfnc?7! W i KitlSv when it 'maclr as:a :uhbet that 24 ; to 21 the bill W autliome a orthera'Tiy iW'P'-: UtmW a ;lmhk charter Hike; that prop.scd lor the Cape Southern, aml CentraTltaU Road and TeiclI reciuires.M nbwintcrp it, at. . through' th kWof ttUT:tafca U ihe.l&n?ffe m f "n 1 least SVO0,U0 in eash? The bank U authorized hcbiCgiTea afce i or anythin- eVe, Prior tpJfe State Lc-uh, tu holdand'tradennalWd real estate to; fur tle space; of twelve fines on tach side of Se? laturelid:but httjb,ai 4,0U0,U0). TbWwan unpreee-Wro t deal who' was iu ather bninchi jaaral j Assc.obly, Jutf u vlJ charter,.everyt3Dent of ihU.stnpcndons amon.9t7dteraad to CoinuJeficih theTWestcro 'border oVl ; ; K? ;nir of propftrtis exempt from , Fouut, 3ate "and Misscurj or Iowa and jhe, Worthcrh on ihe Weil ' beenjurhexactly, , ()ur afet mcu 87: and the parties interest nowbe, sent totlie .State, Legiature ,and i kitutJon H& nbw boUfand liberal enough to isk: payO.per mile for the daily iranjptLrflll Irothy andwindydcclairs to Wes fur thtr4, of thilJgWatare to rcducthe tax on each the uiail on each roulewhen fiullicd W' $M they .t$oJrtg ! ;AVas th- re fV Ihc Ilo4se of aMpWntttiTaeDiSH .sirjed Statesiuen of. the ;ry tot - ver wfem allce 4tr unblushing eflrontery jn ; the' ProsideIIt8veto ;j,a3aJ hhmP:ithe fetft: the world! . 7es,Vlr; ChairuwnonU'uiep tookavotelp has been .ryw j.; bv 7 ,,01 GvernmeUt, exvceiny anxious to get bold of BanUhar- notwiWtaudipg the veto. V It reqniWSS f t upoaf.the btot9 becau they, knOw thai banks always make lo .pS, il : lheoWrwas -ijlWfe y.gireato he Oentlemen talk; ofjtonding sull and "Pring j inpcrsoual and; real estate; to the.extent of bailed. S attempt 4s'fterwrds 'iliWrtil the principals and imutioa of our Cape.Fear bunk, they can make more, tuoney tach the samebill to me of the appreprl Wis i fjf' 4 ,re! lU A when tbey suspend, tliau any other time, by , buy- j but it was,rled t of oder, .and- ,L l thev da ir?f;they, wished, hero whero there is . - 4 n laud jand exchange, As proof of BUstainvd y a large majority MMmM nothing .remains Ion??1 fixed ftr stntumarv , T ' ' ii v t n -a 'ht,. . 4ti4iv'f ill?-: ;1Mfcrtv-' , w -r, . " r- . tt- j - i titi., sr m i naruMtij i u i rii i ifini in Lilt iji i jii i.i i. i a . w av i rm. m . 1 all right to oolleet; duties and imposts to the Feci- p tachment was levied Upon the Ilrruit, which has ' ,,4 ' .- ' : ; J .i '-J 71 era! Government, They also, inspiritof gener-1 the largest advertising patronage in tho Stati, and ! Vl UW f Q ' L 1 1 2 W II ous magnanmity, surrendered .; of .their lands it is rumoured that thebts of the' pnner arc M"rf 'ci'.'.'-y.-r 777 7- ;V 7 :'VL7'--'. -.'7: :i'7 '.;7"r :-7- '-7 -1 y ;'; w . 1 r., . " ;7-f,- - '-.t . '7; - "77 f 1 - if ' j fr ' j. i - - . - . - -1 - 7J. 17 .1 J ill " rir- i r.mu- 'win 1 'r 7 J hcrelitedriin otlieTnkirilg vp-Paycttovlllo. V,r I c f Then, tir f eren4 incut meti lave expended ' their, Ja W and tuonefS y 3yetteT flle hna get no State aid," Aile! binw" t Due-:was"amply' ufi toebnstruet roaJs', and.nowj ir,'those living alop tiectna havc 8he is surrounded by1' raaroJ7 - T upon ine ciaie line tone ot tucse workj. wnowouiu uoi bwiuihuw . .w imlldinir or to toe bin twhiki h lia. .rtF' t (Wecni to? lcir construetionare coudn5jyrwrjng'of the 0Tt. ") What course ought Uie tow J and a&tfritlus.IgwTaturo supinely : to Uof npoo her1 1' riug privileges along the Hnef the Uth 7; ticVan,d let her trade be diverted to otherrS5 l! LMlllV Urtic; vwyi f 'JV11lf nere ad ; eWwherewya better - than, ahy esttueiit. are calling on this TJje, give banking .pnvileges to tneutau; nd the ctate, but to grant tncm into iiritile'&e. as :(ar us it ihiay be deemed prndeutto extend the banking Capital of tjlio State : and to these capitalists for their extnordhCary zeal in 7 desiriuyr to ir;.jhemselves ineorj'Orated into air. t ion or so. And who on ffeis fltHw .tfaii blame gerjtht statement furnished by this bank to thus Legis lature. It wi! there be seen, frour their own figures, tliat they uiade more money in the year Al7... tk.... 4.l n MtittAlllAn VAu Atl' 13 f p tliau J Utu iu uujyvai; J .wi - a-vi a before, and after, that period. .Yet, strange years lo say, theydeclared no dividend. 'Aud why did a'n f Z,uan .h.-ir t'teniAnt shtiWa ih.-.t they were so able to do so: UDtortunately lor . ' . 1 ri'l I at a ltnlv illdHvWfiAl Kilt Hfprntlv. iVaWtfH i Law n n jjVtb as it we (ed aflairs that were, with tne great pressure m this very bank hid coutribut- its ahare to bring upon them i et, while the under it, while .j. wcre wr,thinr in asouy' their property was bcinr sold at halt price to pay their debts due to the banks and . others, the bauks were. growing fat as porpoises upon their property aud chuckling at their distresses ! But it would not do to let the suffering people know this. Therefore, they declared no dividend that year. - llow cunuing how patriotic how sin cere (Concluded next week.) " " Fitnn Cafiornia. The steamship Northern Light, arrived at New York, brings advices from San Francisco' to the 24th ult the same dates as . 1 I . J A .1.- A A those previously received at New Qrjeaiis, and published lisrweck. The "mines were sufteriiig from want waterL 3Iurdcrs and , lynching were abundant! .The miners of Shasto cimnty held a mass meeting iu Sbista city on the 18th ult. and 'adopted' a resolution forhidd adoDted a resolution torlnddmg Uhmamen. to niinp willilti that county after the 25th of lVb : and they invited the miners of the other counties to adont similar measures. It is not likdv that ) . 7 i a ' a n .1 the Uhmamen win oe qnven irom tne mines. There is always some class of persons to profit by their presence, and the ;ittiners 'of the different : sections cannot act in concert. 7 The San Fnincis- ,i ., ' ' . ... , . . . , . ,. . ..J. T j i . ooA'imn -i ' . . attaenmems ior aooub ?ow,vvu.oii iue paper, jae ; , On,, nuivu iia vug iui i;vf- . uaii iiivuuhh'u ; in tfViA"WAi.A ia Arirar.l-IM. t.tff Bfi Ia hv thii ViiJ--itV- 1 (IID ctwuv. vuivnuvu ,y 1 ,,y uhliiui ' . I : U . i- J ' . v.4i,v ' .If I A . 4.. M.... t ,. IA .11. llllll - .- 30,000. Francisco.; Printers' wages, alone, on a Crit clas j paper here, amount to more than 1000 a week. 1 , fhe Attn has been purcliased by the compulsitors, who had large claimSiism the office, and Is 'sjijd that C. A. Washurn, an anti-Nebraska u.an, will be the editor. The Branch Mint is now' coining igold at the rate of 5lji)00,0(rt) per inonth. fyJtmnitljra nf an Ooth. Tho February muni ber of the Knickerbocker gets iiT the following. vv " iwiv'f s tor tho bCneat ot coiir's laws ers, witnesses. 4t eorreiAtiile nt in Ottawa county, MicbJcau iirom wnoMi we are aiwavs iriaa to i-ear. aives us n l -, I,.,'" . tine following v .yw t; me jhiuor . I ,4' 11 4'L, . I II 4i ., .09rl ill iGraml liapith Mayor hurch presiding WIf ness called up to be sworn by the clerk Clerk. You do solemuly swear t .'nt. Z..'A ,;,Vu,i SS..n f ,T1,:-.:. . ) i'inii " it if k-'ww . m. iic ttiiiicnai will hold up his right hand . .. , - , ..... ! Uierk. lue man no right hand Honor. ; Mayor, (with snmp npcrity Let him ;up his teft hand then.' - -.- Clerk ' He has had the misfortne to lose his cft hand aim. as year Honor will perceive 7 Jlay or, (uwjeig). 'Tell him to hold up his ntrni in, men . a man cannot ne sworn in tni court iciUirut JvJding p something Silence, 1 gentlemen 1 Our dignity, must, be preserved I' t f Y KneSS SWOTn OU OUO IC''.) ; We learn from a gentleman recently from the up country, that George Davis, Esq., of this town, hs eXceDted an invitation to deliver the Usual in. nual address' before the two Literary Societies of Vh-.ru Ut t th next.- VUflerald. ! Narrow itcrne. Br reference to the iiews will bo perceived that our Minister, Mr If istoriah Wheeler had a narro escape from a 24 pound kjlil-utir r.i:.lTMUV 7 W ho. I K.tV. CUU blMUie tllCIU On ATr.nHlT Ilf (KA S'An'nfa I ''7M ; tuta ivj vrivM,v""vv"v:"v : l I vu mv"ui , ui iuc ohhaie, iurj uass maue an wm cieditof the Statcco newspapers, Seem to pe in a bad way, . The ivwhonre . bthjla,tenm. by ' breyet, of (Gieii.v II tax the'-jpeuplet IcfWiWwiaii, the oldest fsrjin "the State, j Wool is older tuali that of Gcn-Twiggs, but MM tlie last ?ent is' was sold by the Sheriff for fclis.oOO. There Were i hitter has managed to, procure the rccoeiution. ' ta ..$M rs . . 4-, wn a. , .,;,. . ..' i . , i .; . . i . . . j ;..v 1 ) ahot ! ; Suppose it had hit him, where would ;17yan ncb.j the history of the Gwttown business, b:.r.Jiy! others- M-'V vf:T?f 'V V'w'.T00'? Ctldi tritfcont'Stntff wt VLiAWi ; ltt-J 7;l n runu iTuatufocuiii, jrom nere iu tne .a thjsf. done! ' m-w m v . - - M . V W . roads' finiheNi,?and tne- nav iCTtioo .. 'J- 4.- cited many ficjtss axving such tb. b th Serious intention of Ihpse powers, and Cdeeineol it msl3tt,lli ty publicly to warn .hw country men;-f an 'lavowatill f5 ence in the Sandwich Islands, &c. Mr. Cbyloalp ... jne house passed a bill graduating the price w yuuuv muus, aim iocii weni iiiio vomuiiitee pi liuv n uuic vu mc 4iiuiwullll. joui. X. O aCUOu Sll had. Observer,' 4- i ..... mm c-wirrwnoUk i ne -j last ctanaara i contains a call for a meeting of the Democracy of th oon- ty to appoint delegates io a District ConveBtiontoif nominate a candidate, for Congress in this DWtrict, t)ur plank puf river unpiyvcdthert is WnCcCssity Faiett f villch(uld plaf kecof fiddle to any towniU theli 7 7 - 1 7-r- able speech vindicating aud defending bis former' M assertion in rektibn to;Fnnce and 'EnglanicUnPilj bining with Spain agaiuaV the UmtedStates lli '1 U which threatened deeply to affect the intents ! 61 if S this coontryV ' Hepoke bf.the;lict:i4.ra'oc4 and England in relation to Cuba, and enumerated; j ,the ship sent for the protection pfrthat island,Vi &c. Mr. MaW.Virgihiavlio Mr. Cass's views! t f He spoke of the action of the f Khglish authorities at San Jiian, also her Wterlerlllj and also a card from A. M 7 Le wiCJAlmMM whieh he refers to the last campaign, but decibel being a candidate. - We do not aea't'wfrt thi Sttai'l m dard should be in, such a . treraendoos hurry , to : $ have a convention, as the edicts of the; Unu here!. 3 M can be formally regtefed at any time. We uoi.; ; derstand that evcryththg is' already 'r fixedJ t Pcr , . '' ' -J V naps, uowever, someoouyeise weu nave Kmeihing W to aay. a pout it,ast,wasUje; casern .inoi.lat iCanil -7 Some speculation ekista-as towlch of the Major, 1?$ xt:iit:itti nut uc viiihku lUluc mil A UUUC VBCaUI' tween the-f riends of Gen7Wo0l and Gen. Twiffci-1 !...!' . ,1 - . i. ; . ; T , pt Sv '.aus:i i ':t i-.-.i '-x.-i .v :i'S various occasiHis, oi uis ciuim to prcccucncy, aau; ;: , iv 1.- iiiwujiu, iiioi nit ucviCVllJ UI II U WUl ova- 3 i u mwiu V" uw iimvwi VUvoaiUUi, 1 ". f .. ,' . i't'.ri lliiiin An tli,, kw-ka-iah' '1 1 4' ' ! r'" - ... . Of! i us sand miiliotis' tion of it and "VVf .whence; the iglishis(- uiucniioii, a umiions oi minions, f appears more w cording W auaWy.. Thus bio uadra tic means tiff j square of a square, of tho' product J dratic3;V: ..i-'j f'vM tWU US" lyo'jre rf n csorr, The pit Mita Territory is truly wonderful. ress'of Mia "5 It wan .j ts ' ginized only-six jears ago;, thirty counties lift by General Scott's elcynipn to the. rank of Lien vq .tenant ;Genertley7',,lTn'rc''wiif be" ''wr.tesf :M Wl , Bilfon.-rr lii i numeration. denotes a .million II' o- : . . .' ' I'- - !(- i , millims, andls expH-d hy l. 000.000,000 - c t he aa me wdra to dentate a , ..: I 1..T.1' . IT J T - .1 1. IV. -fiLi since ueeo uiu nu, mm wcany an oranizcu s a ru ui laf Lull lvl lluirunnnil Inn ti,-v tki.liunnil IO. 2 t.--t ! . iMvivMiyn A VfLA M i iwviP ..i, n-.J thirty lhjuidaiid or mora th tniruble the temtory W estiihatetoV ! a wire auspeusion bridgclias 'been thrown -ot?!i;li i thn MiKsiMKirml ri k pt lmA t fnHa hf St iAntMK.elJ I ny i-agrieultural soeieUc; hare been iorcattttwl, T "rt r. ...v. . r- , ,.1.. t , your i nu one coiiuiy .tuia rejoicca - in a yery creuuAw m ' .r i i: The : EtrrojwH liar, -A Knropcan corrcypo?-; f the New Yorlc? Herald states I'that1 dent of Palinetoo, has tucpreafeed opinion : that jast the conclusion that he entertains thejj conviction that -.httroM -vC auw eiitenngnpoo a ereat aud ge. end war.. Fari Derhv. in bis exnlatiaiion in: prr ufd llatnent, said that a dee resDonsibifity! rested prJH'i :i.:i:- ...m - ntuiotr iwho 1 .'A res pot should i prolong tho. war. a t aiugW 1 moment idler u iilii. WVUW ; l :UU,;IIUI , Iiuw- f " . 'i' Jj fairj a territorial university is in operation, hold endowed bV Congress, and a system of coniaioa myu , school with efficient superintendence, has fC8tbliihed;whicb giarantber tho future jintelli-p geuce Of thi people. 7t.'.;fc!7!''-lr1 k'-'lm two results iiaa joeen ootatnea. l t-! Jt - 7' One ofitWr fineVihheWol laboalc speech m thai of! . it'. ' I'-iyi.'-'1 1 ,J.i J'. :v. ' ".. i" v : ,r. ltJJ.IT'' I'" a' i. J J. a! 44 If Jl Iffi uui mU ''m'jQ ;., 17 1 7;I'M rj t 1 .-t 1 '''"'iff 7!l n 55. i a; 7 1A U.I tu rn 35M !?U 5S I'M lis
The Greensboro Patriot (Greensboro, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
March 3, 1855, edition 1
2
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