'it f - ,
...... ., , . .
" , . " . i t p " - f v , .
1 : -AEy Mm i
? ... i
rrm0 SVori Cui i xL!u'jcJ. wt Taw
jJvl (.'rftn!:fTI)OLL.lniJcf ann iid, pbls i4 the
taJ''' moni lit
tVL-V'trwlil er4 wniU fvif tho bument of
I 9 pc !ul rceclff tonUi jmi,.
r A"riVutriiM7s fiji't'nvmi "So" ti"
- i- -
rrm. . , -j " ,
!"6!-"w'r.t lncflol until it hit bt pa'J far,
,f lt mrmcnt 4rm-:4 1 same pcrwn in tlu tfcwn, or
r3LH Icn to Ijc editors murt If fit-pdil or thrv
. i i . j . .,
la tob n'rt M th npetunj of tin fleeond Ecaalon
cf tlie iHr.cfitI C?ijjTt, UHrvwuUcJ by iir.J.ai.
, Mr, Jap. ' . x -
fn ccjnmuptcaiinf "to you a jut iw of
public all4in,' at the commencement cf your
present iaoor8; i uo ii wun great aaiUMCuon,
because, lilting an circumjuncci into consiu
tratlon, which claim attentioi), I tcejmuch
cause to rejoice in the felicity of our situation,
la making this -remark, I tio no't wi&h to be
M . f I... .1 . . 'l
uouemoou 10 impiy; inai an unaricu pros
prrity is tote seen in every interest . this
p-eat community. In the progress of a na
tion, inhabiting a territory of rsuch vast e
tctt,an4 gtcat Taiiety.ofHmatej HPfttr
lion of which is engaged in foreign cdmmcrcp;
tnd (table to be affccted in-some ileree, by
thf tlMitgw whVch'occtir in'ihc'condiitoS and
regulations of foreign 'copntrici. li tvduld be
strinje the produceo(por sotlnrid (hein
tlystry and enterprise of otir felloV citizens,
J, jivticu,oi mi lime?, uuu iu cvtijr judder, m
" uni tn ond4 equal ebcouracemcnu ,1 This
is k ' t i
vouidoe more tr.jnwc would nave aneht to
espect, under circumstances the most favor
'cblc Pressure's on certain interests, it is ad
, milted, have been feltf but, allowing to t'.iese
' thdr greatest extent, they detract but little
irotn theibrce oT tha remark already"ma3
IaTorminga just estimate of our present sit-
jjatQn4t.iuj.propcr.tP look atjhe whole in
rdw outline 1m welt as in tlieileuiL A free,
virtuous,and enlightened people kno well
itJw gfcat principles, and, causes on whicK their
happiness depends ; and even those who suf-
to most,joccasknally, in their transitory conr
2. . HOl'SK OF COMUONS
Moi o r . xor. 20. AOtiot urn of inrmlirr In
iMtii UuuM:stliiepre(M,lbey cr ar:oitiiity
Oir.IieaT-D-rUelf Yinuy, r.(. ia "elected
Speaker of the Senatd nnd Hohc Viilunii snd
lkiijamfn 11. Coiniton L'lcrks j and Konmlii
M. binders, Ks(r.'Sieaker of tie .Common Cand
Plcamnt Ilendcron and William tt. Lotkhart,
The Doorkerprrs in tlie Iloune of Commons
are the same who have served In that eapjf itjr for
many years. In tbe place of the ute Mr. Iurts
ueul, Uernian Uulner elected.
TV r so at, no. 21 .Mr. WiitTs Alston pre
sented the f'IIoii) rtsoluticni
IlrmlrrJ. Thrt f oint c1-ct rommlMrr. m;l'in! t4
. ' a
tnrta ifi ttit prt t4 the House, b ppoinut to join
n-n t'mimiuc u vj D8 flpponiica on tii t)rt ui tbe
(CntC. tO int M'.iimla tile ICLUiiliti. mil Iikiuim in In tL
ofnl cnfMuct f John liavwooit, Tutlic TrcureT cf
tli hie cf Norrb-C)liiuW and thti their laqnirt !
exlfivo to tl time liivtcd it bout Likinr tu oitbof
mmt, or itavuif enwrcu U.m doikk na tnurnr, u Uie
Uv drccti and tbt the 4J committee power to
etui for ncnoni xnd paperi, nl to take ail ncccaarr and
pfw;)tr ntrMurcs to lutuxv a Toll and cureplcU inrctti-
Ordered that the resolution lit on the table, i
A joint Committee was appolntwl to wall on his
Excellency the Governor to inlorm him Iwtb
House were organized? and "to know when he
woutd plcnv; to make hh communication to them.
' Ileccived from the Senate a proposition for the
appointment of a iolnt cominittre to xenott joint
TOks foe. thi"fw'a'ITiiliscwaKdta Infialrt'lntoUart,
cipcoiencyoT eacn iiytise pericctinjj every unt,
fcc. wtfph shall tome before (ii ItPWit be H"?
to the other'UouseT V '
wr.nKr.sDAr. k6t. 22 Mr. Turner, from the
joint committee appointed to waft im the Gover
nor, reported, thai Jie would make his commutu
caUonjtliisdajat half. paati I o'clock. ' r;H--f
"On motion of Mr..bcoJ a.tnesiatre was sent
to the Senate) proposing to ballot for a Judge to
suppir me Tacurtey occnuonea urine ro.ign.mon
of JuSge, Murphey, on Jatuydayflexti' nomba
Imi W m. .Norwood, .sq. for tbe appointment.
ttie balloting committee forenirrpssins: clerks
ctrns, find'ereat relief under their sufferings
from the blessings which they otherwise en
jov, and io the tfbnsoling and animating hope
which' they, administer. From whence do
these pressures come ? . Kotrom a'goverq
nent which is founded byv administered for,
nd supported bthe peopled .UVc trace ttim
tJIHe pediaVcharaictcr pi tlie epocliln v'"ch
we live, and to the 'extraordinary occurrences
which hnve aignali2ed it: The'ctohVuWdns
wi:h which several of the" powers ff,Erov
(ave beeulhatehrahd thflongantf destruc
tive wars, in which aU were engaged, with
jheir sudden transition" ta a state of peace.
-presenttnj;-iit thtr-first instancer unusual en
. cotiragsraent to our commerce, and withdraw' -iag
it, in the second, even '.within its wonted
limit, could not fail th 'be lenKibly felt here.
Hie station, too, which . we had tf) support
'through this Ion conflict, compelled, as we
'fere, finally, to become a pajty to it, with a
Jteip4 p.ojmr arul
-sulkr htavv losws, and iq '.contract consider?
"atfairswwigmemingv tcricvast ammratnae
t circulating medium and there))' elevating, at
on time, tho price of every , article above a
jt-starvdardi ; Jind 'deprtsstngitiratanotheff
tbclow it, had, likewise, us due elkctfe
- It U manifest that tbe"presaret f svhich
e eonxphini hare proceeded, in a great mras
-jjf ejranihese -ieaW-ho, then we take
$fi't$ view thg pmpTwt s14ppr ermdittori
nme a foiHict or sentiment generated by that
inveterate hostility which has evrrj)een found
ta exist between Creditor aril Debtor; tin
one strivlig not only toirfttntain nod exfcnil
theinflurutt -4a hiclr they f onaidcr themJ
selves fslrlv catitlrd, but through'thc igincy
oi-.iaoks, olc making -vigorous f ffiirts to buul
the more, ready and obedient sacrifice! the
other, equally inordinate and regardless of
the obligation! of justice, seizing with avidi
ty and impassioned zeal the most trivial f re
texts tb avert from their shoulders their due
portion of the distresses tf the country, in
duced s much by their own imprudences and
extra v a -ratters as from any other cause
To yoo have been intrusted, for a season,
the scales of justice; and let me in trial you
to hold 'them with . a : firm ; and iteadx hand.
yielding neither to the wanton encroachments
of ihe one, or the licentious clamors of the
other.', i ' i ' e '.- f
That much, yes, very much, of those'em-
barrassments jnay.be airly attributed to the
unreasonable multiplicntron oT banks', and the
excessive issue of their paper, far beyond
their capstijy to redeem, wilt not be denied.
It,therelore becomes your Imperious dttiv so
to regulate those monied institutions as to give
stability to their issues', and prevent, as far as
practicable, the ruinous consequences result
ing to the community, from ihe versatility .of
us junarat;cr,.auu iik uuciuairon in lis vaiue.
This Dbligatioa is surely as siroug as though
ihe potfu to make' money, aiwl to regulate the
a ata a '
value tncrcoj, naa occn expressly uciegateU j
fur unless somethrng" is done, what will pre
vent-the .recurrence of similar 'embafrass
mentseven after we W temporarily relieved
from the present pressure r
a profit thereon, andenharce their diviuenus, "
and that upon a full view'if ail the circtim- ,
stanct s,it will be ta t'u Interest of the bank ' ,
io decline faymrrrt.alraviher SuppOiC Pn.SiC
indiruiual was to be guilty of the same ton
duct, would Be not benivlrsally stigmati
ced,vam 'would hevACt deservedly incur the ; ,
rpuneici twinaicrt nvwuai apcueaoi sopn- - ...
istrv, then, or in what system of .ethics can it -be
found, that an individual ha!l be thus de '.'
graded and stripped even to the last low that
gives sustenance to his family, to meet the . '
demands of his creditors, that does not apply ' .
ro at) association of individuals,, under, the ' . .
character W' bank stockholders, banl direc
trim, or what nol?" ' : '
s'Tlje principle, I opprehend, is alike appli- .
cable to allj but the practice in this pur day t
is-ery di(Tcfent, for, as f oleryed Wf , do -
you find the Stockholder giving tip hii diyi ;
dend to sustain the character of his bank, or , "
making tht 6rdinar)! sacrifices b procure the
specie, or w-hat may be deemed an eqntvjlepc -
for specie, to redeem their paper i . No t on .
the ' contrary, you find him securely entrenchetl
behind his impregnable .ramparts, drawing: "'.
his eight, ten. or twtlve per cent, interest, atjd . '. .
ueiying tne storm wpicn ms own cupiauy nas
contributed fo excite. f ,Ji '.
Dut it ma) be impatiently asked, whatahaH
be done to relieve the people from their prest
ent unnarallued burthens I - I must candidly
t9cflVrya, neither have ( beta able io de-t"!
vire any jystcm myself to afford a radical rep-
. . . m - . ... i . .
ovatiorj, save mat oi putting our anouiacrs
the wheel, and practisiht? the trrcatcst'fruiraU
... .- . .
ity and industry, Por we have, on a form eft , ,
occasion, tried a iuspetisioir law, and whidr .r '
irol did it do?! In addition to an -accumu
lation' of, debt and a relaxation of morals, it
a . a a ari Ma - w n
rcporteauiai moraas. Arm'tionRBnqjoitn r . ir , : ; - '.,:e ,
r. ' . "j . . . 1 u V L,rifrr nit until lh rialirnt il rrtnr,
na tnat anoiner oatiow - -------
I nnticioate that It wiH be said, that it is I
hazardous' to pressHheljahks at this timcrorP4" Pe corroding idea that we had; In mak- . : ,
by the adoption "of "encrcaic mTinc"ccttlrd crt to do what we had nb-
measures, the correction of the abuses , of
loose in-itnutionsi.or,in ouicr .worus, nut
rf jar coahtry; iri all the gtearerrctimstance
l-''hic"i''tnstitut the felicity 6f a nation ; eve
J v' individual in the full enjoyment of alt his
t?htirf? the Lf ntOh blea8tdiw4th4letaTOd
'Jfapidly rising to greatness, under a national
"ovtffnmintVhich operntes with complete tf
'ift in every part, w'ithont being felt in any,'
Except by the ample protection which it af
fords and under state governments which
l. "IfvU lantiiicstimabU blessings. Deeply
Porrest were anrxrioted
in was necessary (or it third." .Another balloting
took place.but no ejection was made- tv -j,
Governor presented' the following: Messagci hf
Mr. Wm. nummeri Msntyate betretary.t-
T$ At UvnorabU the CfwralJumlh C: : Oh
CtSTtEMEM:. Having on former andsome-
what recent occasions, entered . extensively
into them'obtpromtnent subjcctslifState pol
icy, but liitle remains 'for me7 at this time to
superadd . s'ave- that of a yejtmtlon.f' the
warid6ctflfts7offitheT wtpi a :itnryette
tions on the times and he occurrences grow.
) ingout of them.""Ih dtscharging this duty, 1
sniiii, a i uavc uccn wuni ii nu, .i...
with- yw ;-Kr can see..no-teastinV'nyl in
this our nartinc interview. Jl different course
should be pursued." TodeVd the impulses T)f
a heart " glowing 3vitH agratefiueolleaion
of the renewed instances confidence repo
sed in' me by my fellow-citizens would forbid
a different wurs'e
T cannot, however," expect that" all should
unite with me in sentiment iu the reflections
1 am about to introduce, presenting so many
ny different m?dium';,Neverthek ss,it is in
adnhrmeriinsdeyelopemeni rvt events,
measures originally designed to promote the
general interest, are found to be subversive
niiences not anticinateds that it becomes an
impericHi dmy ;'with- tho8e'ntrSwwhtIie,
sovereign power,icpause. anaponuei.w cii
and dispassTonateTf dfthc
pat;in: order thqt:they may be the oeuer.aJjle:
to' discern between adverse fortune flowing
. motth 3 i'hTpuWic hiippittes?; it is
j ocauro,rritvfving, gloriOuS a s
f'', witnoitJreinr' jheaetratedf wiihi.th
from human frailty and human indiscretion,
ana ; those national -reverse uiu-,.
which no human foresight or prudence could
avert. . Dut on a retrospect, I am fully per
suaded the patriotic bosom will find abundant
mim ta " dilateith trratitude. - and-wrUlbe
pleasirrably impelled to offeT up to thellirone
,Ol.-U.mnisciencujc wannc at-.1jw7.v-t
tnentsr-1- """"""i:" g'i-:
- Allmv m
attention to the causes and character of our,
pecuniary embarrassments, which have for
the' kt eighteen mo
ing, and, ! might say, more intemperate db
citssior, than every.other subject combined
ftr it i bUt'too manifest, thrat we have 4t this
ed to healtfi lefore. we call in the physician.
T11 obviate this ofi'rctfohwhich ii'eertjinltf
nsoretpecjous tnan.euiia, ..1 shoujupcdiapQ;.
scd to give thy banks thijr, 00 "time" to re
was" "reastnablo'oiie "but to". tell them, ih
ptafcnnThFf''trhis7.:yolr will nod
protu Dy tnc anon K-ugc you nave gamea irom
expf riencej- you.ball ba-'dRfranchised,"" and
rV.td to your ervlfiiundaxloci4 to which
snouici oe annexcu ui iicav icbi irai penalties
known to our law 'J TitXiZZ
ft .Their charters", it may he" thought, already
providf or the puVment of tht irnotes in pe
eteHU"t is- manifvfct-tha(frMn'me:cauHC
Lor other, (he IerToyligalion, if anyris treat
ed with-dmsion, aiid-the oranipotente of
banks 1iastbecame almost proverbial. Jf in
this pafticjular I im wronjj, I should begrati
fied to be convTncecf of my 'erory practfeai
demonjtration"i jf right", 'i;htf a'oonef it is known
the better,' In order that" th rfeople may tio
lohper be deluded l)y theagat iia' 6F I W ild
l.iDCT, nut may, in uue season, r renaer to vc
sar the thing- ihat arc Cttsar tw'VI am uot
d I posed (o assert, neither 'do I helieve, that
the banks have been the sole cause of our dif
ficulties for the' people themselves; by an in-
; 10 do, inflicted a wound on our consti,
n,. that sacred inheVUanceV which is , "W
at j - w i av m -
correctly and emphatically tailed the rail ad i- 9
urn lofjour llights.-1 . f . -
The emisslorTpf more moneyunder some "
form or otherj may, perhaps, be a favorlt estil J ,ZZ...
pedieii't with? some j buf I pray you" to pause " r r
andTreflecfwell before you resort to such des a, 'T ,
perate remedies. ; ror how can the intelligent r -
mtftd Uuuht,. lor a. moment, as to the rjroper.
instruction to be put on our constitution in - ;
1 : .11 i'';v . . . . .
have been e vidently the intention of the con 'J
stiditbn to place'lhe currency of the country -' v
unoer-tne exclusive controj ot me. congress .
if the United States and to preclude the in-1"
dividuaL statcV from legislating on the 'sub- '
ilcjtf i fmd wh aU a ngii a ge Can I use to enforce ;tz
myi(icr"ter aaaptea 10 tpc occasion, mart
the 1st Art. and Sec. 16; the power to coia . . .
money;' rt'gulate the value heYeof and of for
eigrr'toirrris exclusleljrgiycn to CongreVsr
and in the 10th section the1 aXatC8 are prs.Ijr" j r
forbidden to coin monevl emit Villa of credit,' . -
of to make any thing but gold and silver coin:
a tedderjo payment" of debts. ( Sn, J ? '
are justly chargeable for. 'a full portion, and
under the distressing pressure," have shed
and to be ttHUhedding 'drops of blood i'luf
not only sulfcr for their own misconduct, but
for ;tlje: luisconduct of othcfflIpprihend
profits of his farm, but the farm itself, to meet
be Isaidfnlk filer chill
branch of industry, save that of- the stock
holder and the stockholder alone but by
fiomejpecics of.legerdemain incomprcbensi
ble to a pWa manf some of the banks, when
hard pressed, instead of making the "ordinary
sacrifices to meet the demands f iustice,Jn
dignantly otiose their vaults; and tell the hold
ers of their notes, witk ineffable contempt,
tnai it isrueHney liave aomehall-a mitlion
or miinon4'pecie On hHiuly aml-in addwuiu
thiretar havefuMsartnitht prDbablyTisweT
as well as theipecie, and that although 'these H
funds have cost them little or nothing, the
premium 4 havingl been advanced 4 by i their
needy customen.for the purpose of, obtaining
additional accommodation atbank,'that they
bevertheiess have 4t in their power to make
vlSome years pftaat, the Legislature, without
due reflection I am persuaded; and merely
to supply our citizens with change," directed
the issuing of a small quantity of Treasury
not -, or cent bills. As yet from the limi-
1 r '"f 1 t 1 j'
it-u quanuiy erotucu, .no very scnoui mis
fortunately drawn Into a n prertleh t, nnd tM-.r-;;"
LegislatJrj "sll6uld,"at any future period, cli-v-.'"
rcct the issuing of n larger guantity to supply .14,'.
ihTcTeleH or6u may 1 ,
.,..,. T-,,..., w-m- . ..... .... .. ,.,m.
men uiu auicu to inc, remorauou oia wnoie-
spme .currency andrtake a long, Jong fare.r.
wcii ui lire amuidiy pruviaiuua ui 111c consii
tution, unless, peradventure, a" re fleemTng a"pl V iH-. '
r it -should founU; wiK Ju ; ,
""The othcrexpedients that have hrerr spoken r-U, .
of, arc, in my opinion; equally tain and nugatory,
and if reduced, to practice, will be found, to be, . ;;
nie-concluslon then rof the wholemstter
this, that itis j our duty to leginluid efficiently on
the suHect above veferred to, and to tihce those
' : ....... " ' . .... .
nionien insutuunns on Alien, a oasts as n iirprom
ie sianuiiy ana tne greatest unilorniuy to tneir
issues, and 4hcreuy- prerent rapid appreciatioi.s-
and dtprcxiations whitlMaay be C4i rtcily jelled
the l'aiwlcfra ijox iiom whenceuJiave flowed so ,
many deletcrious-circumstaiicesForv by the"
establishment of Banks, mbney is not onlf made
but .by their failure to pay ..specie, the yaluejiere- ;
provisions of our Constitution are virtually defeat
It is far froiy being my Wl&li to injure) the cbir
. , i-:r,-z'fdi$s ' t:ti , ...