irir iost W7 o nn im ifj$
fA H &
?v J i
-THE rOWERS NOT DEIEOATED TO THE CMTEU STATES BV THE CONSTITUTION, NOR rKOII iriTED BV IT TO THE STATES, ARE RESERVED TO THE STATES RESPECTIVELY, OR TO THE IITOPEE. AmclJnentf to t7ie Constitution, Article
SALISBURY, N. C, JANUARY 28, 1837.
V Ol II I
BY J O S E I II W A D E H A -M P T O N
TERMS OF I'UIiLICATION.
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j. Xo paper will be discontinued until all arrearages
are paid, unless at the discretion of the LYntnr.
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thin one year; and a fiilure to notify the Kditor of a
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dered as a new engagement.
1. Anv person who will pr.x'iirr fix -ubveribers to the
Carolinian, ami take the trouble to collect and transmit
Iheir subscription-money to the Editor, shall have a pa
per gratis dining their continuance.
'"- (7" Persons iwhbUd to the FJitor, mat transmit
o him through the iLoat his ri.-k ; roi iU titty git
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TERMS OT ADVERTISING.
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au l V cents for each continuance : but, wh-re an ad
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MICH YET Ri;IIN O'SIWO.
From th Sot unlay Stirs and lAi rury Gazelle.
THE LAMENT OF MACBETH.
EY WILMS ii. f'l.MlKE.
! have lived long enough; my May of life
1 fi'deii into the sere, the yellow leaf:
.d thtt which should accompany old ago.
As honour. lov obcvli -r.ee, treps of friends,
I must not l-.ok to have ; but, in their stead,
tur-es, n.-t loud, but deep; m. .ut l.-honour, br ath.
Winch the por heart would fun deny, but Uare not.
3Iy liy is done? t;ip solemn sha 1c
()?i'V(ViMtur, darkens roiim! my way;
J-M ory t rios in every -"lade,
'Their pale and -apin: won tub tit-play
stv.-ctres into air an.-e
IVoi'u every leaf tliT. swi lls a moan
An ! (iudts "riin train, oW" ro in eyes,
T( U t'l it my l.fe of hfe is ioiio !
For lope,t5iy d:e ius are lo-t to u,c :
Tuv .tu !y eiMkris I dismiss;
" 'lioi"ra;n:ow o'er a stormy se t,
15fi:--f bles-in in a world 'oe this'.
I emnot -'. tk oithrr tor years,
ni ehi'i -e, and crime, hive tai;jht me we
Tli it all thy smil-'s dissolve to tears
And sorrow mingles witlj thy p'l!.
Fears of my youth I know them n.,f,
F)r Muriler's i--in is . i -" brow:
To -v w -nv of Death i
d some- tiioom
It'seorns my only renrre now :
I've seen tiie trla dness ..f tiie .,:.; n
Tiie lo.v of tne' Jiier: iitui sun:
Crushed the soft rose, but kept s's t.i -r:j,
Aiid si! dark catai4a:ie is do -.c.
jota the S.ilunla: X,rs aivl L'd-.:iinj Cn-V4.
MY ! li:.ItT.
nv rvi'lvniNX v.. f;or.
1 know t'nt tliey have eiie'd .no c. Ii
I'm wilie.iir that they should:
1 never t o i! i elT-ef to t'-. 1,
And wonid not if I c rd 1.
Mv l-.e irt i like a lii ! Jen door
In so Tie old castl? inlh
Uole-s the sec r.'t s:;r;i is touc'i'il,
'Tis !:i.jveiess as the w.ill.
l! is not e- ery stringer's skill
Tint n.n re spring In find,
To lift nway th- :irtured screen
That armour of the mind '.
;N: ! there are few but very f.-w
Have ever thuj-ht, or dren-eed,
Th it I was other t'lnn the li-ht,
(I iv bciar I have seemed.
Hut there lies pleeping in this breast,
A Sr:rit, hidden deep ;
1 Ji-ar me that a word, a vrlanco.
Might break tint Spirit's sieeo!
And I must gu-ird my Wont well,
CV'iCe broke that lumb.'r's chain ?
Oh ! how my cnl n tranquility,
Could ever I r-CH-n
Surplus ft renur. The Mlo-.v-ng c ..iica-
tion relative to the distribution of the Surplus Ileve
ue was transmitted by the Secretary of the Trea-ury
to the House of Itepiesentatives en Tuesday !at.
It will Ie s'fn that the whole amount of tiie surplu
nn the Treasury on the lt instant, which is distri
butable fr this vCnr, is, in round number, thirty
.seven and a half millions of dollars. The nmimnt
'ivding to the share of Nortli Carolina is 81,01 1,-
TnE vsmr Refaktmkn r, Jan. 3, 1S37.
c,p . T now the earliest oporrtunity to infirr 1
-T'on'rre-is of the measures adopted bv tliis Depart- j
' . . i . t .i i
jnent since the 1st instant, in compliance with ine
13th section of the Act regulatii g 44 the deposites
of the public money."
The balance in the Treasury on that day. which
was subject to 1-e appropriated a u.ong tlie ditfercr t
States, has, on the principles of the act, as constru
ed by th" Attorney General, and explained in my
List nri nial report, been ascertained to be 837,-
Th-- division of this sum, in detail, among thr
ecv ral States-, may be seen m the document an
neT -l. (A.) and including Michigat , equal 81V27,
4 1 10 enfs to each elect tral votes.
I cr.j:.-querce of the proceedi!igs of the last
convention in Mirhigm, and the views expressed
concerning thorn by the President of the United
States, in his recent message communicating thoe
proceedini-s to Congress, together vvitli the proi
sions of the bill now jK?nding in one House tn this
utiOhtinti, the Department ha.s ui p'ed lier sitna-
lioii so fur changed since November as to justify i
.1 . . I I . C . I . ...II'. .1'
uie assigntneni to ner vi a snaro oi me puoiie ue
posites, subject, however, entirely to the future de
cision of Congress upon tin" propriety of this .-tep.
The pay nit lit of the share nsMgnea to Michigan
will, therefore, he postponed until some expression
of opinion shall be given by Congress, which may
either sanction its beinii made to her in the fame
manner as to the other States, or require its divi
sion amu!!'' the other States in addition to the
Mime which have nl;cady been apportioned to
Twelve of the States have communicated their
acceptance of the terms of the act, a;l according
ly transfers, e.piai in amount to the tir.-t quarterly
iejH)site required under the law, are now iu;ng
in favor of their respective agents.
"Which Is lespectfullv submitted.
Secretary of the '1 'reas'.iry.
piortionmetit among the several States of the
Public money remaining in the Treasury on the
1st January, 1S37, excepting five millions cf
Vts. Ao. ElcvloralioKs. Atit. to be ilt posiUtl
during ihvijuir lUT.
Maine 10 fcl ,-'7 1, do I 01
New-1 Limp-hire 7 15 71
Masstetuseits M l,7-l,-i3l -IS
Uh ,de Island 4 riy,7".(
Vermont 7 (-)-, 1 1. 71
Connecticut S 1,0 ll).."0 1
New York 43 r,;.r-2.c) -jw
New Jersey 8 l,IU.."t -1
Fen.isvlvauia Si) a,-J,3."i:j 0(5
Delaware X :i Mo III
Mai!a:iJ 10 1.74,1-1 OJ
Vir-inii 3 y,!:ii..-7 :n
North Carolina 15 1,911,070 5o
South Carolina 11 1.HH.-90 UJ
(Jcor-ia 11 Lillian 12
Alabi.i.a 7 '''-. U 5 71
Misr-issippi 4 r.vO,7cO 41
Loai-iai. 5 047,222 Gl
Missouri 4 009.70 41
Kentucky 15 l,lll,r,7G Z:i
Tennessee 1" l.'Jll,07) 5.'
);,;. til i.fi7o,:u7 M
I -..liana !) 1,1 17,005 1-J
Illinois 0 f.:i7,-25 51
Arkansas H IW. ?.?.? 31
Michigan U 31
EXTilAOKDIXAilY I'M KNU.Mil.NoN
AND l'XTKNSIYi: CALAMITY AT TltOY N. V.
- xtrnct e.f a letter from a friend to a member of
Co!i"rr-s from the state of New York.
Tkov, Monday Mosmm;, Jan. 1S37.
"Tiie lower part .4" our city has In come a mod
ern Tonipeit. Last evening, ah -ut seven o'clock,
the hill at the lower part of the c ity !i 1 dow .i, cov
ering up houses barns, A. e. with men, women, and
children in them. It has covered up every thing
half vva to the river, passing over si.vth, fifth, and
foiiitlt streets to third Sfrect.
Never was there greater consternation. The
wh'de citv is alive, and on the spt, with ttiouands
f.o.n oth -r place, dtg'iia out the dead. They
ii ive f .ord eight dead bodies, and 1 H horses. It is
i .11 -.. i-;,l)!o i i s.:v how many lives are lost. 1 have
iju-t c on' from the spot, and 1 saw them dig out
two lift!:.: children, lying in a trundle bed, sleeping
the sleep of death, without a bruise upon them pro
baly mn .there, J.
V.'herc l' .uith slreot was, the earth is at least
siv f .'i t high. There were not in any houses near
the spot, but what were, are buried. It is calcu
lated that seven buildings, each occupied by two
or three families, are destroyed. There was a
house upon the hill w hich has not been discovered.
I was fitting in my house, and heard a rumbling
noi-e, like distant thunder, and went to the door,
and saw a light in the South and a cloud coming
o-er the city, and soon gmrc fell like hail. Soon
the bells conmieueed rmgiog, and I went to the
yp t immediately. The brick-kiln was carried a hun
dred rds and was on lire. It gave light enou jh
to m c the horrible and novel scene.
To add to the dreadful feublime, tlicwa 'T fo-m
ing down the hill in a torrent. It n now evident
thtt the earth ahotit here is vo-ranic, or that the
water comes from the mountains east of us. The
swamps that is not filled up w ith earth, is fdied with
water. It is a melancholy day with us.
Another Street Fight. On Monday afternoon
last, the repose of our hitherto jx.act f'nl town, was
disturtted hv a couple of men. formerly from Cin
cinnati ; and w bo chancing to meet each other here,
resolved to fight out an old grudge. Two sh .ts
a' i-ce were exchanged with pistols-, but neither of
ihee proving effectual, one of the parties struck the
other over the head with a spado, knocking him
down, and cutting hi- face fiightliillv to peices.
After a few minutes the wounded man sufficient-
Iv recovered himself to take another shot at his an
- - . i i i .i i.
tagenist with a rifle; this like the others proved
inefb.ctual, save that the escaping party received
three bullet holes in the skirt tf Lis coat. A spec
tator of the fight was also slightly wounded in the
Such is the effect of coentenancing the practice
of wearing deadly weapon-. S veral of our lost
citizens narrowly escaped If-ing shot, a the balls
of the fighting parties were beard to w hiz by their
ears. When, we again rej at, will our citizens
act on this subject. The work of reform has been
well cornm-Mced in Natchez, an ! her example
should be supported and carried into ellec! , through
out the Sfate- L.et honorable men no longer put
themselves on a paT with assassin, l:njes and ras-
cals tjf every dicriptinn, but all unite in lriniii"g
criminals to justice, and inuphohling public officers
in the strict discharge of their duty.
It is time, the citizms of (I rand Gulf hid noted
up:i this matter. Under our present ineffective
system of police, half our populati n miht he.
murdered, their immkIs plundered fioni their store
houses, and the olJendors escape heforo a legal pro
cess could be obtained f.r their arrest.
Gran Gulf, Mississippi Advertiser.
Receipt for Rheumatism. It is said to le a re
lief for the Rheumatism, to applv a cabbage leaf
to the part riveted. Choose a perfect leaf, cut otl
the protuberant .-talk at the back, and place it on
the part with the bandage of llanne!, at g"ing to
l-ed. It will produce a local perspiration, and in
two or three repetitions, c fleet a Cure.
Supreme Court. (I. Atlolphus Miller, of Davie
County, has been admitted to the practice of Law
in the County Courts.
jir. m:To.s SPEECH.
The speech of Mr. Benton, in reply to M;. lowing,
reached us in the lat number of the (Jleh". It is
long, very long, and therrfore .shall not b- i.NrLic
tci on our readers; sjMH-iallv us wt; can iive the
suSstance cf it in a few v,jrds-. Jo, h Te rr. ;
44 Mk. Sri:.Ki:!'! The Hank of the U ite,!
States blood and t'.'.nder, and oons ! the Bank
of the United States The Treasury Circular
great Clods, and little fishes' Clreat (lods and
little fishes the Treasury Circular."
oa v . .12 e tti in i ii z v i ' n S p e e c h ,
Still, wherever the scheme is pre.-"i'"d anew, it s
but r.ntiir d to expert ip;ositioa from tliis fjuarter; nad
it ther'ore t' -comes the more ncceysiry, that ever
man should form his own op.nion. Alter ail, when ihe
nutter is once explained, tr-re is no gr -ft mtery
nlfiiit it. A Hank is no more than an association of in-div-
hi'ils, w ho, each liavin- some money to spare, agree
to add it together, f r the purpose of lending it eit to
those who want it. Such a coinpmy, when confined
to this object, can do no sort of harm to the community.
(In the c"ntr-ir7, both p.-irties are benefited the bor
rower by the accommodation, the lender by the interest
he receivi's in return. It is not until tiiis company be
gins to issue Notep, which pastas money frorn hand to
bund, that the public becomes intere.-ted in their do
ings. Th-Te is then a danger that the unwary :my be
taken in. if the company issues nv.rc of th se .Notes
than they fire able to pay and a contingent dagger
nriy al-) arise, that by inducing the peop'e to take their
Notes 'vhen they have no nctnal need e.f money, the
company nny, as the merchants call it, force business.
It is requisite that careshoa! i b-" tnk'-n to guard :'gain.-t
these evils, find it will n-e- nt'y he seen in tbe case
before fl, llat tKr pr-cnitiori3 uroctmpiv ?-ttTioi',".t.
Rut inasmuch as this Hank 'hirtcr is proposal, me re
ly ns a means and i -iducement To the m iking of the
ltail Road, it further becomes ns to provide that, while
on the one hand, .saihoient advantages must he oirered
to induce individual:- to make the Uoid ; so, on the oth
er, precautions must be tak n to compel them, while
enjoying the profits of the Hank, to take the burthen of
completing the Iload. This njuipoise, it is thought, has
been fully attained by the provisions of the present
Cbirter, as will appear by h brief consideration of them.
In the first place the Hank can have no separate ex
istence, and an interest in it cm only be obtained by
firt subscribing to the Kail lioad. I-"i;rht inillious
must be actually subscribed to the Rail Road, before
t'ie Hi iik can be filled into existence; and then, each
subscriber to the Rail Road can only h ive fdH' dollars
in the IJmk for vt.i-y hiimlred he tias ultscribed to the
Rail Road. Tie.ve subscript ion are then made insepa
rable ; so 1 1 1 x t a stockholder cannot sell one without the
other. And although his Rail Ruad Stock is made Ha
bit? to pay the o'.-i ts of the.ii.mk, he has not the corres
ponding advantage of making the Bank liable for 'be
Rail Road debts. Neither is fie permitted at anytime
to withdraw from the Riil Read Company, n by forfeiting-
what he has paid thcru, but he must alo forfeit
his Hink Stock. His interest in the Hank canno be
increase.) until the Road passes entirely through North
Carolina, and if within five yeHrs, three millions worth
of expenditure be not made on the Road; or, if within
ten vear-, 1M millions worth be not expended, or the
Road finished to Kentucky or the Ohio; or if the work
at any time be suspended a whole y-ir, the Rank loses
its charter. The capitnl, with which the Hank may
commence, is to l about a million, to be increased as
the Road advances, and it cannot be extended lieyon.i
six millions until the Road successively retches Tennes
see nnd Kentucky.
Under these provisions it would seem to me not to be
1 question, wluther sufficient prec-iutio'is are taken
against the Rink, but wlethcr, with all lhr-o restne
t nrf, individu ds can be induced to t ike the Stock I
trust that the anticipations of those who brined the
charter mnv be rc;dizeti that the Stock m .y be sub
scribed and the work progre.-s. He that as it mry, th
fpirstion for your present determination is, whether the
charter such rs it is, sufficiently guards against the in
ffictinnsof public evil, and ensures the inakihg the road.
Or in other words, whether for the Fake of the road and
its advantages, this State will charter the Rink.
Satisfactorily 'o decide ties matter, it seems to me
tint three considerations remain to be sett let!.
1. Will the capital to be created by this Rank, be
probably absorbed by the actual wants of the Slates in
which it asks a charter ?
U. Are sufficient precautions taken to secure the
public from loss tuti its notes?
3. Is the existence ot the Rank made dependent
upon the conduction of rho Road, nnd are the public
sufficiently assured that tl e Bank cannot abandon the
Road 3nd exist without it ?
The 1st nouit a pjars to me to be settled by a mere
statement of facts. At present the trade over the route
of this road into South Oaroliaa and Georgia amounts
to three millions of dollars. The whole circulation of
this region is thnt of Southern Ranks, and if the? Rinks
n w contemplated were merely to supplant this circu
lation, (w b"u h it would certainly do) a demand would at
or'co lo established beyond its power of supply. The
Capita! of the Hank will, nt its commencement, proba
bly not exceed a mill'on of dollars, and this cannot be
increased leyond two millions or thcreafouls, until the
road itself has made considerable advance. Whoever
is acquainted with the subject will perceive, that this
capi'al can be absorbed in South Carolina alone.
Rut when the Road is extended into North Carolina,
alien 'ant demand f "" cmital will at once be create!.
Take but one article. Suppose an outlet made for the
Iron of Lincoln. Instead of the diminutive establish
ments which cow exist, works of an enlarged character
will be constructed, and if but a few of these were in
opetation, a million ot dollars could soon be advatita
geouidy used. Kxtend trie sitae facilities to the Zinc,
Jx-ad and Tin Ores, which are said to exist m this re
gion, and the demand is vastly increased. If, :s I am
mformrd, the Tin Ores in the western part of the
istate, are a; abundant as any abr.xid, and w ithin the I medium, lor this reason, you O ne heieto'bre teen
reacli of transportation, here at once is a source both of j unable to put your State Bank A'otes in ctrculjtron in
demand for capit d and of inconceivable wealth to your j this quarter; and the contest wui therefore between
country and this Rad Road will penetrate the very j the Rink now proposed to be chartered, and the re-ter-regioii
of its location. Hat there is still another vast ! o. ent-oiij and unknown mull tuuo wii eh now suppt the
mine of wealth within your reach. The hemp raised ! demand. Is it not oa :o-us, thai a IJtnk hivimra Cb.ir-
in your muimuiii districts, and near the route of tins',
Road, is said to be omul to any in the world. The
counties of Run. -umbo. Burke. Iredell, Lincoln, Meck
lenburg and those upon the Yadkin. ixssess n soil pe
culiarly adapted to its cultivation. The hemp produced 5
has tue advantage ot manufacturing Cotton bagging
heavier and belter than tint imported from Mil rope.
Tilts, iit once, will ensure it a market because the iia.s
of col ton being sold by weight, the additional weight ot
the bagging tells in the Planter's account. Slight as
this advantage would seem, it would give you the
whole domestic market, and when you consider that
the consumption of the South amounts to ahout two
millions ot yards. -ou will at once see another source
of increasing demand f -r capital.
H it suppose that the energies of your countrymen
are once properly directed to the water power, so ad
vantageously located in healthy and fertile region
throughout your State; and then 1 ask, whether too
much capital could be offered the ... There is no rea-
.o'i, other than the want of resource's and outlets, w hy
another Lowell may not be erected on the Ranks of the
Catawba. Here the advantages presented by nature
are superior to ihohe existing in Massachusetts. atei
yet there, they leave built a town anJ have set up man
ufactories, whose united capitals already exceed ten
millions of dollars. Surely it cannot be contended that,
in a country- from whence they have to send to your
shores for y ur cotton, and after working it into f ib
r:es, reairn it to you tor cotisumptton, laden with the
e.pi.!vs of these v rious transportations ; that in such
a country, t.'iey have at! v intages over von, w ho, w itn
one Ji.-n.!, can pluck the cotton fit). a your fields, and
vvi'h the other, cm o.'f r it to the consumers around
you. It is obvious that x the smallest exertion on
war part, ia the mo.-t ordinary stjte of things which
these roads will proiuce, then wdl bo a !e;;,and far
exceeding the powe r ev n of this Rink to supply.
J. Let ns then cons.de r whether, under the charter
proposed, Miftic'ent precautions are taken for the esd
cncy ol trie il-ink and the payment of hie notes.
W hat are its means of navment! First, its capita!
must be m-d in Suecie or its equivalent, into the vaults!
of the Ranks of th.'e State where siihscrinri-ms ar- ta-
ken and this capi; .1 furntsh-s i's primary means of
payment. Ti.f n such debts as may become due to it,
wi'h the profits and other it-;. wh:ch it i.-.ay ac.i re,
will be supers-!rd. I .. -.' are t.ll the securities usu
ally furnehetl by other Rinks. Rut tins Rink oife.s
beyond all tins, the liability of the whole Rail Road
capital, amounting to twelve millions of dollars, with
ail tiie property of the company, and the p rsoml cred
it of its individual stockholders, as far as they are bound
under the charter. When th-; capital of the Rank in-crea-ec,
its notes are still further secured by a Rail
Road with a deti'le track, t C entire extent from
Charleston to the l'ranesvee, Kentucky and Ohio line
success. vely ; together ith ad the. r -al Kstate, D-pos-Uories,
Kngines and materials appertaining tiiereto.
It may safely be affir.ned, that uo Bank in the United
Mates can oiler eeual security.
But its solvency is still further secured by the pre
cautions taken to prevent over-banking. Its issues are
limited one-third below thease allowed other Banks. It
is denied the nrivibilge of lending, either iijion its own
or the Rail-Read stock, until three-fourths of the capi
tal actually paid tn, and then it can only lend to the
extent of orie'-half. It cannor permit the- Had Ra.i j red your tili ti!ce. Ti.ey wdl be j i.-t'.y accued of ha
company to overdraw and it at anytime it del ys ns -d-clii. o the c.ivai.ce s of (ieorgia, vv h-e carr est-
-.1-11. ."t '
paying us own notes in sj--cie, u is uai.ie ii
exoibitatit interest ol lvl er ccnL To frustrate
-peculating schemes on the part of the officers o
the Bank, they are forbidden from acting as BroUers.
iii'i the Directors can receive no coinpens-itioii f.a
transicting business for others with the Dauk.
Rut there is yet another provision vvhu n is oar:."--ularly
important, inasmucli as it not only operates as
a resliaint, fait consults the dignity of each of the Slates
granting the Charter. The act requires Reports to be
made annually to tiie respective Legislature-., not only
the condition of the Parent Bank, but of all the Brandi
es. This gives a supervisory power to each 1-i'ila-t
lire; and by requiring a Branch to be in each Mate,
the laws of "each can be made effectually to operate up
on the whole corporation. Withonta Branch, it would
he titticult for any f the Slate-s to act upon the institu
tion, but with that provision, not only process can be
serve'd, but can indue course be enforced by the Courts.
Another salutary effect results from the establishment
ot a Branch within the State. A place is thereby pro
vided within your reach, at which tiie Notes may be
redeemed; and in case thy re received at the Treis
urv. specie can be demanded tor them within the limits
of the fstate and the soundness of the currency there
Ihivip" thus exhibited the means taken to ensure a
sound currency, let us pass to the last remaining con
''i-ration are sihiicient precautions taken to compel
The Bank to have the Read constiucted ?
On ties paint, there can exist not even a donbt. R
f i the Rank can be created, eight millions must first
U- subscribe to the Road. Then, the Road must at no
time be suspended for a year, or the Charter of the
Boik is 1 stl Moreover, if an expenditure of three
millions w ithin ten years, thea Charter is forfeited. But
besides- nil this, the Bank capital cannot be increased
beven ; three millions, until an amount equivalent to
anv co. tem;iatcd inc ease shall have been first called
in "and expended on the Eod. It cannot even then be
increased bey -and six millions unld the Road reaches
Tennessee; nor beyond nine millions, until the Ro.id
reaches Kentucky; nor can it reach twelve millions
until the Road is constructed to Lexington.
The Rail Road funds are put in charge of separate
Rard of Directors and the payment of their instalments
bv the MitWribers is seeured by their being subject, in
cik-o of default, not o.dy to forfeiture ot what they have
mid to the Rail-Road, but also to the Rink An I when
it is observed, that in the commencement, the payments
on each share in the Link w!d be twenty dollars in ad- I
vance of the payments to the Rail-Load, tbi lortemirej
will b3 a serious check. Then there can be no srueot ;
B oik Stock, unless the purchaser charges himsf 'f with
corresjvmding Rad-Road Snare; and the two are in
separably united. With these precautions, it will be
impossible fur the Dunk to get along without making
the Road. . .
Havin-r thus considered the various provisions en the
Charter, it is hazarding little now to atTitm, that the
public can suffer nothiiiL' fremi ibis Bin!:, and that the , m our powt . ... .... ..w... , .
advantages present etl to North-Carolina hy the Rone, Come, an-i our country must succumb---v e ,o, have
are cheaply purchased by a grant of th Banking luivi- done our utmost t avoid it; we s,a 1 have .scnarged
tos novv asked. Nay, I am prepared to advance one out euty, and vve shall at all events, be
step further, and assert, that the Charter itself will af- melancholy satisfaction ot d
e . ., .. . t. r. i nt' -the.u mnst not sav ;
lord again to .vorui-v,aroi.na. it u auuwu i.- --' "
Senators from the Ve?tern portion of the State, that
the present circulation nlon- the route of" this Kaa, is
South-Carolina and Georgia Rink .Note;.. 1 he course
of trade always drternriies the currency ; and as the
natural channel of this to tne South, Soiuhern paper
must torever continue to ahord the chu f circulating
ter in several States, ana whose Notes-are as sound as
these will be, must supplant all others and turni.-h a
preferred currency to the people ! And how vast will
Ik the gain to your Stte, m thus exchanging unknown
ami doubtful paper over which you can have no control,
for the Notes ot an Institution, w itn a branch in jour
own State, subject tt your own supervisions and bated
upon the firmest security.
But there is still anuiber important benefit which this
bank wdl conler upon your people. At pres- ut tiie
trade into South Carolina as 1 said before rc.ches three
millions of dollars. As this trade is not a m. re uuru-r,
the articles sold must of Course- be puiJ Ur s-o.ne Kind
of paper. At present, there being no enva: i:e c ..eui
ue s-iifieient tor tiie j'.urjH'se the greater p.rt i t.tken
back in bills of e.ch itic at a cost ot s-i.'i.-t .: r
1 percent, besides-a Io.-s of mu r-st tor at lest thirty
days. Smi; pose N. Carolina to thr own one ii.;..; oi t..:s
trade; t!iT- unminl ".xpense then iuwiii h r e it ien c;. re
ly for th,- exchange, vviai'd excreu Tin Tiio-otar.d L'el-
lars. i j, u tax vvih .ilinot entirely t)e tin-d by tiiis
Bank, because .ts currency will answral the purjses
ot exth an e in the dafer. nt teet.o ..- e.f the rou; -, a. el
will thus facihbr.e ia every r tct the oot-r-uoiis- ot
And what at last is .h boon asked at your ban s f r
benefits so vast a ii. 1 enduring ! Ii t-j riiiii ih.it vv lech
y 'U hue given to the other Rinks ;n your S'ate tr a
lax o' t.:-e.f.tirth per cent on their capitrd . tthot:: de
riving from them cny public benefit or ar.y other con
tribution to the improvement of the State". Compare
tins p ttance with even the cert-.in adv itita .e-, ,,:f, red
by the Rank now proposed. Here you hiive an or." lav
of three tin 1 Hoi is among vour citizens a read f-is.-.-ned
to tie ril, v ii-ch is itself a .-nuree ci' wtalto. a--d op-n
which you have reserved the riin. to levy ta.xer the
increased value of property wti:ch it wdi cerr n;-, pru.-
u'.ce toe- v nlaees to wn
-.i nish.e;r i.e!s
Dirtii t.ies.iviug to votir c.'.ii-Ti.- tri
'.xchange: the sulfetituting a s.-n-i p : sr.abie t u.-ren-cy
for one that is doubtful a;v.l uro;:.ov. n L:.-i ies ali
the other advantages ifo:i which I hive already seful-
Iv descanted. Can you refuse, this linonl VV.;i you
rei.-c t the brightest hope of Internal Ia:provt:r;ent wi
ha? ever beamed upon your Stale?
A refusal at this time en vv-r rart, Mr. Sreaker,
would be p riicularly unf rtu it c-.r
c.-hv-j y.iur obsi rvtiii
oi two routes to tiie .
h.lt u!i::S V. -." !ii ii ts ;. (-.lurof
.itiierce o th W- !-t :--.- :.e
through your State ; uthe-f t;i-.-rea.Tons
satisttictory to tl.c. c1. .
rg a. I ef
Knoxville detenu med upon th;- route turoegh ycur
tate, and South Carolina, acting in goo. faith, now ot
ters to redeem their pledge. It you reject that oril r,
slie has no alternative left. a:.d the Road through your
State is lost forever. It is a que.-tion offline uoubf,
netlier, in any t-veni, ifi7 if;-oigra route to Vc-mpliis
would not have been mere nvonlaeoa.-. to South Caro
lina. At all event.-, the energy w - th which Ci corgi is
pursuing her R :,l Ro?.iI. - rid the lar-e sabscr.pt ions
sht has just ;e - ;e to i!i.-ii:. mdzcate that siiewouid zeal
ously have tm;ed all her - 'eats w.fh Se.ufh C'arojira,
ii"! t :e olle. bee i made i iser v.hich is now made to
you. The claim upon you theref- re unites your intor-t-.std
with your honor, and ucijuiies the most serious im
portance. If you refuse to acknowledge it, you abate
the zeal and destroy t;.e i a'luence of those who rrrfer-
i t- ss n tne cause o; iniernal insprovi. nn-rit has j-t ut-en
roved, i.r .Oit;i-C;fre!ina, wlto will bv vur refns-'i.
lave ev:r.c-ti u upitt. tae ue..-t repediag. A reu;
don of pub! .c feeling will be the rest::; all hepe of un
ion vvih you will be b:indi.r.e-.; forever, r.nd the golden
t de et com a erce will be tuir.efi fr ir. vour shorts (o
leave them yet more watte and de.-v lui -.
I have tnus, .Mr. Speaker, emv . s.-t u l.H the views
whicu have CKcnrred to rr.e, te-i.c i,r i..e selj-.ct of
your Jei.be-rat ions. I hav e dischari e ; iu only. It is
now for you to act. Let no rn.ui mr.-Ke the position
in v Inch .he stands. The vote of tais St-nate . -t now
decide whether your Stale f-haJl arivdnee cr rtc;ic.
Cjvoii every Senator there is an home:. so r rpo.iibii:
ty. If bv Ins vote tliis weik shall fad, w hat a reckon
ing will be demanded at his hand? If through his Ti..,d
ity or indillerence, tiie people of your State sh..i! je etc
orived of the benefits which this- Road e-lil-rs. ho a- grcut
will bo his conrieinn1 t:en ! les:roy this pre.j. c. jid
what hojae is there from any other' Up-n th.s en
ergies of tiu ts.outi have ben n cone ntereJ. Public,
op-nioii has been directed to it froni very quarte r; and
if it now fad, it will be futile to another With it, falls
prostrate all enterprise, and Internal Improve. .e:sts
will for us be the mere vision of a elieam. And win u
the time td.all arrive, if it ever hall, for being a roused
from tliis dream, we shall then awake to the discovery
that on the tide ot etiferatioii has ebbed away tiie hie
j hlood of the State, to moisten and fertilize the sod of
our neighbors. Then perhaps we will content our-.-elves
lo sit down in despair, until a common misery
and sup;neiu?ss shall mure us to our condition
Mr. Speaker, I r-'id in the expression of your coun
tenance, that tiiis shall ot be. I see', you are ready
to se-ize upon the ..o'r.ent, and advancelo the struggle.
Come then, let us, with united stre.- gth, press forward
let us imitate tiie generous emulation cr our tethers,
and the prize is ours the. notde prize of having estab
lished the tiappme-ss and prosperity of e.ar cou.itrv.
Sir, we have all read in the seho is,th :t in ior..-n r days
there was a people, nt whose hands an emergency rt
quird a public work to connect tlie;r city w i:h the sea.
With instant alacrity the? whole t.pul:iio:i rushed
forth woman, clidd. and man. There, they made no
count of con-cquonees the rich cast into the public
i treasury his golo, the poor Ids mate it was enough
that trierr country asked and it w-us cone gloriously,
nohlv done. Sir, that city and that people have ever
since sbud foremost in the annals of nati-t.s. Those
were days in which one might live and prou.Wy claim
t,je uatt;. of nian. T:iCSO are m,-u who i,,m sVor.p.-d
JXn lhf.ir uUtry ciiaracters so giorions snd u.i'k lm-',
tJ;.lt evt. OVVf fiV tlt, r example, we a-.d our thildrtn
are taught in infancy the great le.s,.n (1f pnbjie virtue.
Sir, let us not now f -rget th-se lessen.--; let os devote
every paw cr to the improvement of our e. -.ur-rry ; and
let us, without hesitation, instantly advance t stay the
wounds under which ihe is now blee.iii;g T.'.en, at
least, if our efforts- prove unavailing if every re.nedy
our oower be apiuiea in vain it the inn! t.l