North Carolina Newspapers

4 , t 5 :s le sf to I? e- ' 1 1 "fj ' w " Vf "Al, JULY 7, 1823. . fvn v vis . rS .-HO i.,.. na, M4 K Tw a.l-rt - kit r mw rt(ollMMlf,WrM t-r; mdt Ml 4M kr ,U l UttrHMmnlt M M r -W ttlw4 fewnw, ttfkgt 'ml t ,4 w -II Klton Mm4 1 IM lUUr, r 0u, twtl I WILL expoae la Auction, the balance of Ibe Suck fGtdi of E. Allcmonr. on the Wit. and l:h of August, 18J9, the day of ibe fclcc iioo. . . It. II ALBX.tNDKK, J rutin. Salitbnrfi, tun MA, 1 829. . ., -. 0Ty. "iflf AS jtirt received, ami o.ned at Vn' fitere 5 fl, in batis-iury , forge and handsome atart ment of , n ( Spring and Summer GOO IIS; Alia, Groceries, I Jard war '.Cutlery, Plate J Wire, 1 1 at i, and Hatters' T rimming, Crock ery, a, good atuiimcut of Uniting Tlotli-C bho,-v Bonne la, r-V ui.J every arttcU usually iiCjfc WadfulJ.itotalc-i...;l-.' L"':, rock of fOodi has been purdud twie ty for taihi and he U determined to k II them u low m can be had in tt.e place, for riA,.nr to pur.ciual eutotierf on a alort crrditVj T'ie pnb lie are reapectfuiiy invited to 'call, tiacniiie, and Jud)f for iliemel s. WiWy June 3.; I8?9. 70 Negroes Wanted. WHT F. Dto pttrrhM, 25 or 30 N HCRO ES, - fof which 4tferal -pnee trill bt jfiven, In cab. I can at all limn be found, in fiali. perwn wiubinjj tu acll, to hem it may b in. convenient to make a;.p!icatior., can dirrct ctnfev Cnei to tilt-, at Si.linbuy, N. C. and tbey will bv attend; t to. JOSIAII SJisbnr June 1829. 73 YrtaU Uotns, Uotids fill IB subscriber is now r-ceivinfj and op".n X at his Slor t-t Stilitbury, a large assort Sent of . -- SjmrtfSumnur. GOODS, .ANlrv:-.--anWrf, GnovRums; eoi .a.n.ni al noat everv articV usiiilly t be fnditd in Stores -bought ftw oA, id nekcted by Kinwelf; with careen fbiladelphi and N e w Sork- 1he Public sre asurt-d they will fia l a fuH tuppl, and as &w for cath ss any in the place, - or otherwise, on accnmnvxlatuiK terms. They ..are invited to call, eiamiin; a -d iudge fur t'leni -scrrei. Jf'ItN" MTTiPlIV. JXay, 9,182.1 m-.-4 2:71 U t tsv U t ocet ic.9 J!;ST received, and for 'e, low for cash or jirompt ay-n-iit, 40 baza Coffee 20 barn-Is Suzar 5(H) Ibs.Lnnf do. sm-bshtsr UrcrpootSatt i 8 hh'h. Molmsa 3 linen Hire -..ipipeOHnmM- 1000 lbs. plough Mj-jMs trench Brandy Holland fiin,-Jamatei-Hum, fto. &c. ' JOHN MI KHHV. JWaWyW-'13A,-4825r. -6t76 r BARTER. TfTIIISKEY, U, .iTnew. Hides, Shoe thread, Fat Cattle. Corn, , tuts, Live Rattle SHakts, or Cash, Will be taken in exchange for ,.mnM-togit, . ijoile Ccn: Shot, Powder, Lead, Iron, Moja'seaj, 7- Na8I' .- . Soap, . . . - Paper,- -TeaT Indigo, or casn Liberty Hill, S. C. :! J. GABLICK. June Ut, 1829 3mt8.1 ' WAGONERS, Driving to FajjeJleville, WILL n.l it to their advantage, to stop at the Warm7 fard. where every con- ruwee i8Yifnvid.il for Man and Horse, to make 'acmeomfortaKlp. at ih moderate chartrc of 55 LaitaUNrqrtiffl- Kfg'l&r-llfewifegeV the "tia Provision Store- Oread Slion and Confec- ionry, and, a House for Hoarders and Lodgeny nye:FaSetleidlle,llJllril.m. 09 7tR0M the subscriber's pastbre . O .1 . I. . OlBf.net i - J.,- in catiauurj, n i .-.. jg a very dark : brown . Howe gel ijdinp ht is about 16 hands hitrh. J9 stout made, no shoes on, and a lit' le 'a catch in the pasture; lie was bought of Henj. pirka, of Wilkeshordugb. and it is -irwea-w.il make for tbe MoupUms. Any P'SOll taltlnir im .o'. l K . :-,r-..m;nlv mi "nat I p ,; -,: ,i,ll , l.kurallu ro. in 1 .r we trouble, and all necessary eX- pi M 5Ja,1 r psto. - THOM.3 MJLLL, Jr. tvni.JanfW&WW, 73 J. SAUSHUItY. HO WAV niiTvrv' w7ri- I n'ttrt.t.'.; - ' Tim IUXKS. -We make tbe following extract from iMriel of No. on lh i Danki Tof North Carolina, pub. Minjin the Cape Fear Recorder. The triitr LUtcte coAOMtaUsationi te tlie penftfae PreiUeni of Hie Cape Pear DaJik. Tbe per l ite J5ottid 10 mfjelf, is to 'ymwtM q the connderaiion of others IDC Dint Jiill aiiutroducexJ 6r Mr.' Khh en and from which I ahould ahticlnata , rcnei io me aeDtor and bencGt to the state. In ibui volunteering, it is onlr juit to premie, that what foilowi, it noi intended it a defence in extenso ol the propoaed plan, but at thort anolotre for me mouvea which have induced ill re commendation. There baa been no com pariion of viewi at now presented be .. - . f ... . . r Iween the writer and Mr. Fiiher. It maw be doii.R therchWe, that C'einlera.n and the Lill (jreat injultice, to render the one responsible for or to tctt the merit of the other bv the ground now taken. I wih to awaken an interest upon the aubject ; no i am rnittaken in my estimate of tha uentle man's character , if he is not pre paied to renounce the measure whenever it sh.ll appc.r, that no srobable rood will reault from it and that it ii onen to .taadnbjeeaona.heFili,t irquirca mo consent ot the stockholders ol the ensttnjj 13 inks, as it is predicated upon an arMni;emrt with them. The questions then. ufej first, vouM or ou;ht the Bjnks lo agree to the terms proposed to themf is the measure right on the pirt of the State ? Let us epitomize the Hiil i it proposes tuen, that the Sute should become the hols Proprietors of the exiting lianks, the atate assuming the p4vmnt of the debts due from and1 the notes in nreulation of the severl in ' ' J compur.uon Detng ma:c value ol the to If, (all pro (all or prr.rblsand credits beins allowed) the .State tois.ue therefore loeach Stockhol der of the present banks a certificate, pay able to bearer, Irredeemable before some distant day, and bearing an interest ol five pei c.nt . The rnciia object of the SJSinjdshtJiui is- to p.ovice lor the- wellare of those who being indebted in the Banks, require' time for the" na'Vvriinr nf K5 .l.tt,. . V-.I . iteuore: at .once lQ soundness the tirrola . lion of the Smte. Thefcfot-e tht better to irty the sums into t IT.. c(, should the ar rangement ba 'acceded to by -the Stork -holders of the existing Banks, a corpora 'ion is created under the style of ''The President and Directors of the Bunk of the Sute,'' and which i invested wilh.au thoiity to renew hc debts tot hem trans frrrcd by theli-Tiks "now in existence, slifr'rctfer'wk proper ' Bairkitn inVritotfon -f-To-Mjiirrow' not" ex ceo.)int- one miilionr at -an iutrrest-nol beond mx per centum per annum irje deemalile (or ten years. This authority to borrow, as additional capital, can only he given to meet the necessities of the new Bcink, by reason of its responsibility fo' the oldjwes, isj measure of j;vonomy js not intended us a basis on which to ex tend the credit system will operate a savinp and to be resorted to as a mearts if oeccry of at once- restoring the curren r ; and which could not be so accom plished but at great sacrifices on the part of the already unfortunate deb'or. The Stockholders, of .the existing B.nks are entitled to the value of the stock, which shall be determined on at the date of the tran .fer ; and the computation then made, is not to be disturbed by alter insolven cies. As the State becomes liable for the debts of the existing Banks their notes in circulation, &c. Sec; and as this item with others, must be taken from the fbwks of the Bank the- State- instead of issuing a certificate for the full amount, to whictr ther Stock holdef lsent-tTedT the time of "valuation." issues only to one half tbe amount; the State retaining till 1835 at lien on the other half, " as a secu ffi v for -he justHcsS and accuracfof the responsibiliues of the several Banks, by them so set forth 44 nevertheless, the regular interest (hereon shall be pid in iued, unless it shall orAerwer become twttwwy--term WufftyHfreSta'ie" .in eat tM&ewX-h e-11 tb"? aection- authortw the transfer of uncer'ificated stock &c. . .Tbellih .section-authorizes- the new .Bank to deal in stocks of every.de scriDtion. The President and Directors. are to be elected annually .by. the Legis lature: For the guarantees to the State in the just representation of and in the purchase of the property and effects' of the exiv.ing Banks, and in the faithful management of the new Bank, I must, least I eyerlay my remarks by .a tnulti olicatiod'of details refer to the Bill itself and which hereafter may be offered for publication. To proceed then, ought the Stockhol der of the nresetit Banks, to ae-ee to the terms as set forth ; and firit let o dis- Unctly . understand. th rrmrtifUft: imw. lion, and prospects of thrprenr Banks. All the Banks are eAnJdar-hlil lnr'.k,.i promptly, but must, if we. mar iudi "win mount auted lo be due le the U. S. Bank, be yet considefahly 'In rreer. TheJ3iate and Newberir BihrnrirrToT returned to,ipecie.payxncoJU.ndfrorn the a pose f the ht mar 1 f p'ublisBeJ in November last. It aDDears. that if iVlr debts' had then been pressed and thir deposites withdrawn, there would iiv remained on band in available funds. onU me sum ol about 880.000 to tmet ihei , .urn vi iwui eiUiUuu io nuei ue notea in circulation, which nearly ctiu led one million i the stuck then ot' ih al hie amountine to one million six hn-.lr-H thousand dollars, consist! entirely ofdebta aue from Individuals or notaa diirrOn'ed. "e ote li ,nk gave a dividend esAhiogs . men atoon or live ner cent. TIW Oank ol Cape Fear only divides four pr cent. need no! any that the conditio! of the sewbern Dank. oes not vara- inebicture?. The operations of all (he Bank cannot consutently with their Interest, f with i due regard to public ooinion andfhe orin ciplea of common honesty, be herwi directed than lo the M.rtieh( of their pptt and 4 he- pavrimif'-of thei-dehtsi and this necessarily Impliet a tbntinued and rigid enforcement of her claims upon their debtors In no otW possible w,7i. cn;the; exlsiinir Banks turn -to specie payments, or liquidate ihtir debts: nd so far as denreciniion nf ItitA aH -ewbern notes.isevidenceof rettndanty . r -, he issues are yet too targe, andike tralu- tion ot property in teferetwre ti a sound circulation, is yet to be rtdtttd. Such ting the condition and ineviutie onera- ion of the Banks, for at least a tven pe kkj, is mere any thintr in noiDect to heerthe expectaiion of the Stoikholdcr. for to him the payment of instalments by he Debtor, is attended with diminution of hit dividend. In ;be first pi ccas the present debt affords so small a Dividend as has been staii-d, ,.nd is necessarily to be reduced.it must he evident that the . , . - - the Banks themselves expire in 1835; and if the " State of the currenrr.. or the cbhrtition;9 debt, still 4he prudence of an -ortKnart foresighf, in reference to the ditnlution of the Corporation, would begin to antici pate its consequences. And here oac wo' (I as to the extt-nsi n of the Charters. The Legislature would not probably con sent to the renewal, and so far as I can understand the interests of a Stockholder, he "wouliTfib. accept l! whh a Bonus" pakf'4MK.h conauruiioa of the Corpora uons as dow exist But to lherpropectis of the Banks, xnd. without availing myself of any consideration as growing out if the proposition of the last Legislature, I shall close this part of the subject, by sn extract from the report of a State Bank Committee, and which is equally appli cable to all the Banks. TheJommit tee after stating, 'haVtwo and a halt per cent was the maximum of Dividend for the last half year, pioceed ' that dividend therefore instead of. being; increased, must probably be diminished ; so that there appears to be na firotifct, that the Stockholders can ever, hereafter, obtain legal interest for their money. The question then recurs", ought the Banks to agree to the terms of Mr. Fisher's Bill, :! the State thought proper to propose them. If their real condition and pros pects, are such as have been exposed, I cannot doubt it ; the only motive for div sent, must rest upon a distrust of trie State as to the payment of the certifi cates :oOO 'Ohe leap: Iha't the-" credit rof the state would fail to give that value to themr whtch-on-therr face they would purport to represent. I am clearly of opinion, '.hit there can be no cause of apprehension unless we stfotttd bandon"ffiirrffP5tirUttbnar moor ings and embark upon the ocean of revo lutionary uncertain; ies. The people will discountenance the re-.agjtat.ions of the last Legislature i and a littile reflection i' mav be true, that if the Stockholder could closeAhe ermcern imme.iatelfr1'r per cent. liut that his certificate win oe worth parr it be chooses v exchange it for money, is every way probable unless r-v . rt . t-i.--.-i indeed the credit of the State, be impafr-d- But , it is impossible to wind up, and tp graduate the expense of the eon cern,to a ratio of diminished and progress? ively diminishing profits, and Is precipe tate matters must be at the expense of capital. The closing of the business mutt be protracted, the rate ol uivioends to wards the close, when a portion ot capi.ai must probably be unemployed, will-be spjall indeed s it may be expedient and practicable I admil, to distribute a certain oortion -of the capitaf stock, as it shall accaitattlate towards tire consummation : but such cwrse-or-friuerIngaw.y in driibles, would savour muchofextingniali ing the capital itselL.. It U not likely .4e iirectort -will agln'le lipon Hum.,...c, nnotner expectation might be indulged bf eme Stockho!Jf ri which K 1 I. I 1 - ii, mai uteyiould diipose of their shares oreater-advantage befdrc fhin TTier a iir valuation. 3uch expectations do not meet the merits of the n life Minn. Tke-t, s anotner view .and certainly the most mposing. , The present rate of Dividend is made up Uom credit and trantacthn . - j ,w-.,w.,. m itvi mat would cease upon the transfer to the aew nank oJihe privileges of the exist tag Institutions, and ma be thu ncm pllficd without too much wording it. For instance toe Uank of Up0 Fear declares uivweni ol lour per cent this is the prow ot ibe business without reference 'o the Capital vslue ef stork. N,.w pe Jrearitcrik be valued ontheirans 'er at g70, the holder of a certificate will only receive g3 50 per share, that is h- receives on itsvnurat the rate of -five per . cent and aupmit to a loss of 80 per cent on ihe par v-lue 0 the capital inves ted. Bu if the JiWh.u., t. wives ,ne value of . his sfocfi, hc.Abe;. jjros.vbai-.iLti may, couia ne oo belter- bv holrtinff on lo it with the prospects as presented ana the hazards if the business. Delay can not add 'to the value ol stock, 8cc. it is much more probable that deb ml! bo come better by time, bad, than that bad debts will become better by time. Be sides institutions that have bnir existed, ll may be fairly inferred, are not wit.Soui their abuses, the older they won the greater arreurages of deranged matter ; and the more cross, 'he evidences or pal pabte neglect and inattention to their in terests. Jlfformaiion, however necessary is often unpleasant ; and only to ' be a. . . . m . Drougnt aoout ny re-oiganiaation. i nese are matters not unwoithy the considcr.s tion ot the Stockholders and of the Si.,tr, as the largest more especially. Aani is it not a mstter of some moment in the present depros.cd condition of property, to-have-t he Tonrm a-nd of ;minnf rTfd'rt consider, certificates as answejing :lie mrpose of money) even at an admied rest wMi the Stockholder, should th proposal be made to him", to decide upon us acceptance or rejecttotv- hat it is nis n'.erest to wind up the present concern. is bevond question. Whatever may be he merits ol Mr. i tshcr s I 'ill as mea ure of policy ; it stands unimpeachable, ss an honest proposition, i hut the ntati-ei-T-ptrrrhaser shotrt'l make a liberal i. fee-was t -be-exptcicd.-. ..sucli . alone itself, and to its hopes ol . success, . The Slate could not demand a sacuficc of in dividuals; and here without unticipjtii,r the reasons, which render the transart'nri advantageous to the public.; the reader will keep in mind, that it by no mejin follows, that because Knd tcrmj arc. ol fered, considerations are wanting on the part of the State to justify tht mc even in a pecuniary point of view. A tiansac tion of thisiind, like many other bargains, may be mutually beneficial ; and should all concerned think so, the writer is not aware of any such clifliculties in the transfer and new organiz.'ion, as shall perplex the same. An able accountant will relieve the transaction of all complexity: and order, and system, would at once en aue. To thenexi division of the subject, is the measure right on the part of the State? I will hereafter consider it tin der something like the fallowing heads ; would the passage; pttbe. BiUi.te .Ion of tb 'cohstiuition as was alledged ; would it benefit the Suie at lorge r ua der this head or some other, the nccessi tv ' of some" measure in relation to the BaoVs, and the embarrassments oi the community, will be discussed. The posi tioo4eibaps-,.wUl.Ue.tAenvitutJeL-ll objections ,to a lanH owneil exclusively by the State be wnattney may. our aciuai position is such as to control all general abstract reasoning t and that if something' ethl!od faoneru iUJ)5,anM5:r,rfchii!:iHf:, Hot in Grain, The mt tonsists io a black and foetid dust, which attaches imelf to the orain. and infects it. If the infected grain be mixed with the found, it communicates this viVus to it t and if the seed be infected the " . . ... .' "-- ft At whole crop will be so, an tne cop sumption of the bad grain will 'pro diice epidemics. To prevent this can tatrion. wash the rotted cram in ivc water, which" should be "dtfnc so quick- ly as that the grain may not nave time to imbibe the water because if it pen etrate the grain, it Wilt introduce the vfrus of the rof. Our SMc.Z.AVvlH aotiotry cool gionrflhCirt)lirna oiilii - .k:- day, to be one of the most, naniilm, Zli?ijfMtnty eight mil...: x.. !Tftf,iu:re.af !., ntirKhadtouuTr, r V . f'" 4"4 crntC M bo round in fertile? mil al nd wcTaltny itatit U the Union. In. ' tcaa of being what ihe U. Thecau- . which retard her advancement in population and weahh are nm . found ehherin the insalubrity of ief ' climate, of in the sterility of her soil, nor yet in the imnerfectiona tt,r .. A hey are) of her state constitution ( they rather exist in the nature of her aplc commoditiea. and in the Aim. cultiea attendant upon jrctiiot? ihose . commodities tO mjrket. Vn.af. Corn, Cotton nod Tobacco are ihi- chief article for market made in the middle and Western sections of the ' t 'tei these are all heavy and expen- : slve in their transportations and as yet, we do n t e.joy the fjcilities of tNnarmrraiinn. bv a-wvl roads ' ' until ire have good .roads. -onf our" nVcrs are navigable so long as the people of the middle, and western counties continue to devote their in- dflstfy, cxclusTvclf, to ttw rearing of Corn, Wheat Cotton un J Tjbscco, and such, other heavy articles, we sh.ill coiitintie to deteriorate in wealth, and to dimmish in population. I 0ur Legislature cinnot ' be persuaded to make such liberal appropriitjiioj as will instirr the construction of gorfd roads, and the improvement of our rivers, let every farmer in the stars turn Itis attention to the cultivation of th.sc products which will bear the rx peine of transport-tiim, repay nmply for the tr.jublc and time bestowed op. on them. There is scarcrrV any ec tt.an.oi' tlua.-;i. i -wrMelt-siHr-and"' wine cannot be mule with profit, and nothing more js warUin; ttt.the;com- nl sttccetjs of tsc'e" "two ".hrririf net' Wncrever the experiment has occti made, it has succeeded admirably, ind tul repaid the laboorrr " much mre abnndrintly 'ban 1r euItivatVi'ii of Cotton, or even of 'igr in the more southern stit-s. vV. C. Jour, HKI.i'HOi'S' KI!'(: TION. T?oin Very Ifil err wg ptiM't IVoia Scrmoni (JTtltctlgiutut Kthicatinn,-hy -ke ltev'nd t- lAictor VVifTwaroirr, are j;imHnhN-W'Vnrk Arorr. -Can. WV cuuId nii help being atnu k with the jii'tnr .1 of i-vcr.il of hi observations, particil ailv one wliiCh. as it litis reference to an inter eting t'aci, we copy : It is a rem!irki.ble f.ict, that, let t parent be ever so regardless of truth' and justice, or ever so devoted to sen sual pleasures, still he would not have his children ad"pt his principlet,jftr copy his example, ao, he would dread this as a moiit nermus evil, and would rejoice to be assured of the? stability of their moral principles, ttfr.is not a sure tvidenie tbiit, however men may seem devoted to the world, they, nev ertheless, fear it like an insincife an treacherous friend I They know how deceptive are its oflVrrd pleasures, and experience has taught them the un satisfying nature of its piiriuitjin atth-tiurgH iftty HaVr'tYnt-ifie'mseiw the- resolution to break from them, they cannot endure the thought that those whom they lute shonkl in like manner bc-rnstavetl in vanrtr: Wer c uld not " tave a stronger argument to prove the xmpotaL.va-cjli4ou:iia tion. Vumnklns In some country vil- bges in . V'ngland, says Louden, the hills ind tratn the vines to a great cut a hole in one sidej take out the seeds,- fill thrvoid -space with ipplesj; and then baking the whole together eat it witn ouuer. maxims. He pays deair for his bread who lives by another's bounty. One ounce of practice is better than a pound of precept. (Jet good sense, and you will not want good luck. Reading makes the mind full, writ ing accurate, and coriversatldn ready. . A warm friend is better than a cjy , cadsir , . I, 1 -t If ' ,-)V "' hi. 1 1 V ; t - -i Mi I. . ; -. ' i- ,'..(-.... Stf -J: J 1.' .i.,A::'.::iv.