North Carolina Newspapers

4 -v V V v "V' .4. . HAUsnuitv, nowA'V countv, n.cj 't:;i;iuy, Jur;c a, ic:j. -l,i'u J VOL. X.....NO, 470, 'V . k I'" Cw,tiM km tM Hrr4, w.1 , all! fc '"" r : f Uan m I" tw li.ii if, If f "" f , ,4,,.. u' Ua,l.l u iw -na a M aM 4m - lln, MwniiM ,' (4M .... . Vr, ... ..4 l.r.fu. f't.. 14 " 1)U5 0 ft',7ii K TOTES', U '.wsTLyvrwRXSo ii . . . i .. A ki. now reetinng, el tbe SaUi- - r"Y cxtcnive and well clecttJ oft. ...I mrnt of. . . : ; . xmuca & medicxites Jit(H J'aints, Stationary, Perfumery, and the bet cfWinrnJ Lijuort Mlcctca exprcwtjp for Medical purposes! all of which will be" disposed tf ot alvanti?eoua termi for Cash, or on tbort rctt to puncttul cuttomen. ' 1 . . OrdtrtUom t diitance punctually !tadedt9, JC7 Prticulr hereafter. Jl,iy . ' CGtf 7 MOSEY WANTED. - A a tbote indebted to lh aubrenber, bf totet.or othcrwiie, are hereby notified to call immediately and make payment Thli do .tice will apply wort - particularly, w an those who do not Ii In tl Immediaie neigb torhoud of 8aUbunr. , liO E EItT W t NN E. - jtdrtkyjik.M). .r . ;. coif.,.- . rriHE ubaenbtir ha juM , JL, . refurne4 from the fkorth, tib at good an a aortmi nt of ' Jewelry f-'4'"" fcVvJ - 4 Hatchet, , ; : &2- Slher.Ware.Wc. ;. at ur (Trxl. (brJ- U l!tirl6v Itia Jewelry Iicrtao utrat importation, ami the rooat faaTiionlt)t tod elfint kirvlrto be had in Silrer IVatchtti bUui Do. i c fcc. And in a few da j a, he will receive a very elegant awort. ment of Military Gdt. Atao, all kioda of SiU vtr-lYart, kept cortatantly on band, or made to order on abort notice. 1 All of which will be aold lower than tuch goods were ever diipoied of before in tmi place, f -, , - , Jhe public are respectfully inritVd to call and examine thete poodit their rich new. elegance, 'and cheapnciH cannot f-il of pleasing those who ttiah to buT.----'71":. .V- h. ..r. '.All kinds f Warchci.Rttdtxui wMrMted. to keep time t the shop la two door below the V' tourt-house, on Wai-ftreet-- ROBTWYNNE. ....AJiiaveeceotly..empioi-ea.ai)Llt5cnt, - workman, who will in future be cgmurIIv la ay : Bhopt to that thoM dmpoMd to patrvniio me, ' Jn tnir fine of buaineaa, nerd be nodct tw appre : Iiuiion,k .eofti;luence of. niy occasional ab. still i o operation, fraro. vliiCti U Uie anoncsr oute" from'Ttitleiifh TKnotVille; ai'will fully appear 'on ' examination of too fUiowing ciatanoea, uiS: .From Kaleifh to Salisbuiy J 50 mile. -From thence to Morgnton,"T".rr,; 87'."; "' From thence to Ashrille, ; j, 60 W Fronlhence to Warm 8prlngt, From thence to Newport, " f lit all, to Newport, where this" line intersects the other. 2J 318" 001.1) .Vl'.T3 OP NORTH CtROI.IM, The Uii riumUr of Ciilim.n'a Jov.ri.tt, just published, prenu ut wjth an Inter citing arilcle, by Professor MUchrU, cn Itie roIJ refcton cf NortN Carolina, wish &e Gluteal' 'in.''lhnJnc"th ' princlf .I m'f . eiffTered. The eaWtenceof North Carolina, bit lonj been known io thtrublici bw nt'J within) the latt hree or four y ear t nothing atifcl.ry haaletD known at to l: haluudea with tho rock formation! of the country, from which it it suppoitd to hi9 been deritad. Tht teal of our. r-aturtlittt for the lavt few yean hit bttn laudably devoted to the examination cf tht region in question, and we now hia the obterntlont of at lent three indirtdnali on theiubiect, pub liihed In the American Journal of Science. In torne particular) tbl article, differt from thoae preceding it t Its chief excel lence it io drawing conclutlont warranted ocly by the writer't own perto'ntl re tearcbat and one of hi leading objecta it the correction of tome f.tse coriclutloni in the atatementtof bit prtdeceort, Tro fettof Olmttcad and Mr. Rotheji a tnloef alojiit from Germany. ; ' - " On referring to the piperf of these gentlemen, we Had that the' formeri not discover tbo goid In ita ottginal kco logical sltoitiorJ , tut only In mi'tca scat tered Oiiro' a depbiit of aand f rtel, be which be cilia a diluvial formation. He wat led to. regard Ihit aa diluvial, from-j finding the mat.es of gold very rnacb water, worn, and the gravel, he in some pl.ces -highly impregnated with gold duiU .whjh. hi,Jupoed.-;okvbM..ibii separated from thete masses by diloviai cMon.IJobusioppose-J; the rgrsvel with its precious contents to ..hare bten brought from a distance by the agency of the ("Juge, which from t be evidence af forded by other phcenomeoat Is supposed to have overwhelmed, this continent in former ages, carrying with b the spoils of the land. ' J , v map represents xm U.n i. a t.a c"..Tcrent Rtioes tf this' titt.! i.i-i!-f; r. ..t cf which, are not connected,' 'imfatdutcfi with the rock, but ar cpehings in the overlaying s'ratum i'of fitl and toil Ibe prtnelp- tnealty, 1 ...cbat the ilme it wm first slf-cd b .ilWhe, liadjf epef brhihfyittiMMfiXtdtiji become eitrcmcfylJateretiing.ffonj.4he rich specimens k bad afforded, Is called IWfiager'a mineliitibt Sal spot la U tounrryrtmrblch ihlnneul tartJeeti found In regular vein j and we ife told, thai gold to the amount of aiveral thou sand dollars, was obtained there in a very few days. F ev months. ( The veiot of quartz; fortniag the pecu liar mttrix of tee gold, prswnt In a few instances, other Interesting Metallic sub stances t The gold la sometimtl beaud- fully Interspersed with cryttalizaiione of Quartz, of iron, and of copier pyrites. Specimens of It art becomlrj common throughout the country ) acately a Cabi net can be found that is not enriched by it and if a proper spirit isbsnifetted for exploring this hidden leisure, it must unquestionably become source of great wealth t thoae who rosy engage in the enterprise, as wrhave etry reason to suppose that it exitts plentiftlly In the region, tbe geology of which professor Mitchell bat to ably deitrlbed.h - " . ' - "2 -&9ton iSaztttt. f WKIXQ ensible remarks fit tereral weeks the New York which observe, , it would insure We have proofs enough of this catas trophe in various parts of "the country but Profettor Mitchell informs us that the tfeVrB cTibVg Una, presents no diiuvial ongirtt and that the depotits of sind gravel which contain theoldr ere -of common occurrence in that particular quarter, and .have neencTe rivf d solely J rom Jhe:jdisintegratioDs:or wearing away ; of. the rocksw.hichthey cover to a greater orlesi depth. - r:Ue.lhu41UpQaei 'thafthe gold ioa jut materially changed its original situation, but 4hh br therdecsvinir tf ihaTFockT li A-WffenlntonrWrt-rto HaTsrmpTyallCnnjirrrinTJOw-lie-fTiiir pcMicu in cooucv who in roc a? matrix T h u deny Ing t he - opinion of -Professor Olmsteady that the depositslire diluvial, be at once refers1 us' to causes which are still in active operation, and with which we are familiar ) causes whose effects we are every day witnessing," andrto 'which the very soil that nourishes tbe vegetable kingdom, owes its existence. He ' also denietaibe opituca. eLMjt; Rotbeiwho supposed that tbe 'gold bad been thrown into tbe low lands of the' region by an im petuous inundation of the waters from ibeTJIuTRidger which Thad torn " up the aumeroua.fteins. and scattered tbelrtrea sureaover the country. 'But the princi psl error of Mr: Rothes seems to have been in staling the character of the rock, in which gold was first discovered, and to whieh he applied. the title of, secondary greenstone and greenstone slate. This, according to Professor Mitchell, is an ex tensive formation of transition cUy slate, embracing the surTrerourfegionoforth Carolina, and extending to a great div tance iFFoughe'TITaterinTi' fi and ecnithwest fHrectioTi Artd-wfth- this Travellers from tbe south of Raleigh, and in the neichborhood of Favetterilie. will find it wch the preferablefTid ahorteftTonte; tVhenj t to travel to Knoxville, or that section of eounr try. That part of this line from Athville to VTarm Snrinira, basses over a ocW: and eletrant Tutnpie Ttoad, running th "Wh6t "distance W xae bluff of the river, afTordingto the traveller t!ie most romantic,., picturesque, aod pleasing V5ew imaginable, . .r., w 1 .' The ataire linet from Columbia. S. C and Far- .tteville, N, 0,.interect this Une St Lincoln ton we une from Augusta, Geo. intersects it t Ah Wlt and the line from Lexington,' Kentucky, intersects it at NewoorU- - t hus, it will ba acta tliat Ctcilides are afforded tr travellers to reach any section of the United States j and the sub- eenber hopes such manifest advantages, will I jv'-t turn wppon m uiscnminaiiDg it.. rl)..f, fi . "1 . u N moderate emii. for """'i " v.i,,,.ciiu wWu, vf cath t or on a credit. ; for approved paper, a new, weii madeMeirJawB who wish tosonptr then ma . ' ... J selves With such a vehicle. would do well to apply "" ' oon. si It U falieved so CivoraMe an onDorfunitv to nrocure i one.wUl :hot soon oiler apain.- - CfiDWAUD .CRESS' Drivins to FayellevSlci " ILL find it to their ndvantare. to atop at the 'WagoH Yard, where every con- - ventenee is nrovided far Uan and Horse, to make 1 l"em comfortable, at the moderate charge of 25 ; wmi a uay and night, far the privilege or , the Yard, the use of a good house, fire, water, and wiener, Attached to the Yard, are a Grocery nd Provision Store, Bread Shop and Confec tionary, and a House for Boarders and Lodgers, . able style. 1 . , ',-.. aseUnnlk,UtJlprilmS.i- "09 HiUsboTOTish alcavltrnv. 4 npTIE examination will take place on' Monday " . "d Tuesday the 1st and 3d days of June. ? eerciaei UU1 be resumed on Thursday the , 15th of July, ! W3I. .J. BINQHAM, Principal very particular in applying the epithet irjMiiii,OTivks (, .A4oubtfukbara ter, are sometimes mistaken by geologi cal observers but we should hardly have supposed it possible, tht a German mine- raIogtst,educated iri the very birth place of the sclencevcould mistake Tor- seeon-tofri.s3TCtein and its composition, is so widely differ ent. Mr. Rothe, however, Is otherwise accurate in hia statements,and his obser vations are of more practical thirici f , (for it seems he wis a miner also,) de scribing the mines and tbe circumstances under which tbe gold occurs. From the observations of Mr. Rothe and Professor Mitchell, H arrears thit tbe gold occurs in immediate connection with veins of quartz wbicn traverse the slate lorma tion in various directions, and are some times laid bare by the decomposition of the rock. It is also sometimes accora panied by a kind of conglomerate, resem bling ,the Roxbury fragmentary rock, which is commonly known by the name of pudding-alone. Professor; Mitchell's -OA BANKS and The fonowinr shrewd and appeared h) the New York pa since, we eopy then fro Evening Pott, the Editor that if tbe writer were kno to the. pnxtfknv attention i o correct the evila of the present banking system; and to esabtUh one upon sound principles, it is belived would be a tatk of no great diiTicnltyjif all those who hive to psss tbetr ojfinioi on the subject understood the true prindples of curren cy. These, it is be lievd, are no where better explained than in a pamphlet written by Henry Ururimond in 1826, which went through four'editioni in Eng land iotbe space of a few months, aod from 'which tbe folio wine elementary propositions illastritlve" of the prtrtdpTei of currency are taken, and they cabnot be iw BirvtiKiy rccoramcnaea saine paxue ular attention of the members of the Dre 1.1 rade is tbe exchanee of one com modity Tor anotier."';Z-'. -liZLl Z trTbaintrimic talue oft tommoditjr is the quantum of skill and labour re quired for ita production f the marketable value is as the.ajupply. jnd dtmand.--j 3. As simple barter Is Inconvenient, a C6mmorrTtpresemaUvrtjf-ell tommodt 4 i his common representative is pre cious metsl.- -.r.r-r, - " 5,' Precious rhelil 1$ Ieisllatle to waste than - roost things t it is also little likely to be suddenly increased or diminished In sny considerable quantity t i:ls therefore the best representative that ein be found. 6. Being the represent stive, It is eon sequently the standard measure of the taiues of the represented. commodiUes ind If It "could be al fixed a measure ; of value as I loot rule is of spaee, it would be so much the better it is only the best which can be found.1 i'?-;., ; r.z:zrrzz?? T. Coining is the State'l wirranit of the metal's purity. f ? ; r--: 8- All commodities are said to be dear or cheap as they require more or jess of this representative to be given for tbem ; which expressions can have no meaning but in reference: to the standsrd (6) by which the-commodities are measured. As precious metal is the standard, by whlchrilt ptherTxommodittet-ar-measured, to ssy that is d ear of c b e J cohif adTction In Terms. -;--fi- " "t"s inyquantltyl it wsnts therefore ill the tiectssary quiliUcailons which ought l constitute a stinc'ard (6.)' , , IS. Paper then Is an equivalent for pre eiout metal only Inasmuch as it is. con vertibie irtto iMt the will " of the holder, r ... a. - - ...... - j ' ' U. The coined metal or paper used iavtht bteroal. trade ofaxououy.as.iia raprese tiatlf e, li called the "carrcne; of that country. . . 1 1. A given portion or piper Is said to ba worth so much metsl,, not according to Its Intrinsic nor to its marketable value, (3) but because it is convertible Into that qusntitr of metal which it professes to be 14. It has been shown that the neces sary quantity of metal Is preserved in a country by Its free Import end export) if psper be substituted for metal, besides the otbsr defects mentioned, this ll supersd ded, vig t that it cannot be exported, be cause It is useless every where but in the country in which it wss first ittued the. same methods therefore which regulate the due quantity of metal io a country cannot regulate the due quantity of paper. 'r, IT. " If the currency of a ' country' be composed partly of metsl and partly of paper, and if from too great a quantity of metal being imported antTcoinad, or lod great quantity of piper issued, tbe cur rency becomes redundant,' as tne psper cannot be exported to rectify it (16) the metal will, (10) and if the paper be coo vertlble into meiaV as much will be ao converted and tbe metal exported as will reduce the quantity of currency to the same amount as 1' '.here had beeo no pa-' per at all . f- 18.--As long, therefore, s tbe-paper currency be convertible Into A - metallic one, the joint' quantity of The two will never be greater nor lessthsn It would be if there were no psper at all, and therefore the psper will be as cfflclebi a representstive as the metal. . 1 19. The relative quantities of the two at any given period will vary from any other given period according to the con veniecce of traders, end are Immaterial at the-joint ualiiy is the -emntlal cir Cumstsnce. ri "-'s' :- 20. If thepa'per WnbT"ebnvertlble"r If tho auantiir of : currency become -redun dant jmdJQhejeJundanct than the export of metal can correct, f, io. 1 61 the remaining psper currency will be denreciated, I. e.-will oot be worth so much is it professes to be, (15) and the prices of all other .commodities will lUe. 9-If-there-. bo a-amiUerqoiotiiy .of metal in a country at one period than ate swiirRrKearapitt (their qusntitiea and intrinsic value re maiiving the same) is said to have fallen i that is, a smaller quantity of metal must represent the. same quantity of commodi ties, and vicivcrto i 1 v t yitK' 10. A country must slways contain that quantity of metal; whichU necessafor its trade i-tcfFU the quanuty oi metai in Irsrereso 'tmatf that commcuieS" ha greatly fallen io price, they would be sent out of the country to e exchibged for metal to be brought back, if the quan tify' cf metal in it were sojetw that com modities had greatly riarn in price, " the metal would be exported rather than the commodities, and foreign commoditiei brought back Instead . -, 11. Thus a country must keep that quantity of metal which is necessary to facilitate Its barter, and no more :4 12. As trading by means of precious metsl is more convenient 'than simple barter, (3, 4 so paper is nfore convenient than metal i but paper Is deficient in si) the other qualities that, metal possesses It is very liable to waste. , 2ndly, it may be uidenly htcrcaad. cr ffimiti'iMi in in, wiUi the aid of their credit, hve tendency to produce this effect f and If it would, does it not follow that the money capital of the touti'try rovild be more Uo futl approprlstcd In frrmanmt lotns in 1J fre Jjtjh jauiilltsBk .4.',!!:t,' x "X'm bated iipoo tho If-cvr1:ls given for mcla loans, 'employed n.cttly as a irmiiam to make exchangee of commodities Art imti . end. itrictiy- -limited' to thf -eacjr- fleceisry Tortcsf purpose t, In that cats. . would it not be tuch e disposition! ef bothj money and credit, sa would best conduce to a needful and re cm la r IqddIv of hotki f What then can be the object loo to tho estsbltshment of banking system opon this principle f Limit the amount 0f bank notes td be Issued to the amount cf secuiities to be pledged, a restraint eatl--- ly to be imposed, by requiring all bank ' notes to be stsmpedand by dellrerinr ' stamps only for the amount of securitw ' given- The available funds of them will then consist of deposits, and the bills re - ceivible which he may have received io ' exchnge for his notes- If the payment of these is required,et maturity, hit pay. Hsu, ,wii vvuiv in a i( ! laauee go out. Tbe weifimatfll and nlnltnum cf ' tbe circulation would be atcertlned, if commllsioners chosen by ihk binkt,' at -suggeited; In tbeGdvernor's tntne, worn tjrapowerea io require e momblr 7"? no ! circulation, and who by svatcitng tne course or atentnrm would alwiyi be able aeasonabfv to Indl. cste to the binks, the eioediene ftf n tk.l. I...... fc. r ...v.llR .ucii inuci, ociore tne more tar" dy notice would be given them by ad un- la.-i"t.ak A t a- a. - a.. . . V iwu.i iur return oi tneir notes. ' ' nete is nothing ne Ih ihr nrlu of banking.4 The entire eanitsl f th. oanta oi r-ngind has always beeri Id.hed 3 1 . It has been shown, that the smaller the quantity: la la. A-Countty at one given tlmeVlBe lowefm bther'comm'oditlea at thst time," and that if the metallic partofjhar currency -be exported, it is because there is a redun dancy of currency. If this redundincy were to be relieved by eny other means, tbe same effect would be produced as if the metsl were exported. 22. It fcsi been shown also, thst as soon as the redundancy is reduced, no farther export cao-iakeu place consequently Jf the redundancy .were relieved by any ether meint, no export at all would take place. - - - ---- 23. " as the metal is exported "because the joint currency is In excess, (17) and as if this excess be removed by any other mesne the metallic part would not be ex ported, (22) were a aufneient part of tbe paper withdrawn from circulation, no ex port of roetil would take place. -: v. . ; 24. It follows, therefore, thst whenever there is no metal in circulation, It is be cause the paper Is in excess, and that no measure can oe eueciual to-mkmetai return to a country ,from whence it has dIsppesred,Tut the wlthdfawlng-psrtof jt paper currency from, circulation, and makjntf the remainder, convertible Into DieTaTridlibllura-. ... . , ' r ' If the foregoing propositions are troe, It wilUftte merce ere a better regulator of bank note circulation than the laws of tho State. ' If the laws of the state provide a sufficient security for me payment of the notes that aremued", the laws of commerce will ef; ftctuan as no ii' jptitvl u&ftiSfimviKhn if the city or New I ork.wai pledged, would ensble tbe banks to. keep more notes in circulation, for eny conjsidfrable time tbtn tbe amount o errency required for the time being, (unless, indeed, by increasing the price of commodities, the amount required should be proportionally in creased.) , Therefore any extension "of loans by the banks, either of credit or capital, which ahould enhance the ex changeable value of comrobdities (that is, the value which the relation between supply, and demand for consumption creates,) beyond what it would be, if there were no banks, must necessarily disturb the retrular operations of trade, if this be so, would not great tnooied capital ! employed in tho early htrti of bant; to the govemmen. in all the stares aMu-- existence... Its whole been carried on 4r funds ArA rMm deposits end circulation t arid the sfupen dous power It has exercised over the ex- -, ehsngaa of tho commercial world irsj known to every body .. : . ' : :PERIENCCV :Munkkf March 20 -Oar l.tt accounts" fnrra Rome of thelSth March, inform ua -mijesty the king of B,r.rfc,rr returned to that cityCOatbe 2fth of Fe---bruary bU rnaiestf ano tuiia i.ir r-a,r" culaneom 'and Pomneif. toi, ik. discovenea. -rAa the-freser... ...a. iaT x . stitj tMUW suffered torremslo nnon ih -lr. Ir?.tjpl!5.e of fitrnhure. "tr4eft In t hs Vw wnero mejrjerved their former of nersTorie appears to bVlo thelnidst of the ancients. A bath, which k.. v. WeiywwatewasfrtcW uJucwuona oi tne-wallr wbichr ate very fine, are in nerferr nr..iU. . sanf ik 1 a. ..... a w -mM .c urunip.sein remain in tbe placet where they were uted by the inhabitants of rompeil one thoutani tight hundred yean ago. in nonor of bis rntieitf, the workmen were directed to continue their researches in a house, the excavation of which was already , begun. The result was very fortunate. - It seems that th-w cima i'T6 a glaarinop.Tor they1 "found ltT one spot above iOO glass vessels of tho most vsrious descriptions. " Near the spot were, aeveral-hronze vessels nd-tnanr glass beads arobablr nart of "" .;! , ' Theiog of Niplea made a present to tho ramgot uavirja or an that was found on . this occasion v The newly, r- paintings are far superior to thotd pre viously found, and , prove that mlniinir among the anciente was not below tho other aria. The fresco oaintincr on iha walltof e very orettv house, renra.anilntv Ganymsde carried off hv th ani-,.rwt iTJacehantei, are not unwor.hy of a Julio iwuimw ui miuiuuk vi v owe. , vine ri, "itL'rh?t.ie-cilr!ient' tion' which some persons entertain, that iheettdeota-were lnoranTof pertnectrver ral . . " f a, . . . ...;-. i .J , . .... . "I- 1 atr"Aa4iiit.'-r j ; ;t . i I . V InP I ha iwnna.HM au.I . r . I l . l J w .w. nr. ui.wiiil- ui ino nui in . , cuui, tiuvi mi occn out just opened, a -. very large stock of all kinds of fruit was , . discovered which are Indeed carbonised. ' but in other. respects well pr.rvfd .nj . verr lntereuins. iu mia.,a- ... - - eel red tcoiBpletecfolfecdon pTtheiS':;1';1, iltv aitiujM 1 ,.mcEmaafcfif t-jWJ" ; . wheat. ' - ; " Crac fa letter dated ttithmmdMw D; Sim 1 Sir.- Tbe New Yorfe white flint wheat la rapidly coming into iavour ; ii is a very late wneat- .-brnche more than any that I am acquainted with, requires earjy eeeding, from the 20th September to the 10th October my ' ' rourth experiment is now on the ground, and is as fine as could be desired. - . Yours, fee. Jonic Auaw.' . ,N P. S, Gen. J. II. Cocke, hss changed, v hit opinion of its character. He reques ted to be supplied with twenty bushels of my last crop for seed, -it w,j less injured by the unusual warm winter of 1827-38, tba nj efjtbt earlier vbeat. t tnia eny eubt earlier vheat. v. . ". w s V