7:
iitolheTte
roLincAL.
J us L
! r '.
LTnra. llttci.
i11
m a.. t. .!-r:- Sii.r 1..1 rutcr, raK.a-I!iijJli!v23LliH.
incited, uSjoW ..twiui? aXeta,; , Tin, fii-' t kM ire..! .;tfrw.u!IUtar.
rseteiiiig iinurj I Hind at!! tuff- .,;,raaiUif a daare to kin, mi odium on the etaation.
J . ., i aa) trig, or iroeri, coTfwMma wxrbstat aii.cit aoa. aetata tha country, relative to the cuAsJy
I l oUiiuetit feature tif ust tonal chaTae. One af" eiapuuua nuavyot Utte Ca.led Isuiosami ihcrega
lUese kociout say in$ if ,EnliB siripm as, Xa- af gs san-reacy aud excUir-.ir A 1
er lo put .dTxiU to-morrow ai.aJ away k W an- ! Itot n,guutoaiuioa which I eaa unwilling to
da," On tire contrtrj .Julwhnm , L4",,1 " "er"f1
. " . , - ' 7 , ... , ffjafc. I law k-'tcOmJ: l purceMre, woal yua elate,
umiion, are muoomJ attriboua I be pa-;,,
who, thiugh meting with ! saortt and aiig. ai&d!UtVHiBf.ainft I pMW to the tactual
whenever rousrd lo ciwr, camt fl.lSUI anuVl die a snucur entirely ana either af th pulibcaJ
dilatory at U oUmt tine. Noras ita kdiit-, paiisaai, saunals oqpiua npoaitefcMMcf tleaquet
uiarkaUc, tbat there ia fjtw4 jpnwttrt, sWiiV . it deeply to to legr. dee4. that these
,f opposite meaning to the Fata sea at . Im jssea ated the tia4at af a pout!
' j , i . ? i . vi -f i- -a- '-irjwwaaaua. af toe rmt political partie saalendtng
II 10 De a cpaiuH proryua mmvm. - ttML amouatw. k
should never i l4y tuH mmy ht frt i CiE to- ,aisjy anfliuthtiwia to eauaa u truth, and W4 r-
Whether it Le c Wig nature, r S eflacKun y mmUL. Tm, auut Uk Vtm bul or reject Uta
ami habit, or from hteer caaat " oimn&, ! f amatKaf om gf awty eipliuc A ( o
ihere in tbU goodl, cowray,. I",ia,,
. . . . m - .a,. l- tiaMmaaimtltMe IBihiIul Yua a ao doubt wire thai
irot ; though re ff om 5 m t, Hm of the lata Bik at the United
aUeoeatof tW ontra. "" ! 2jtaZI.iUttlJWi n1 it k m Fede
- doplorablo. pur yet more jreuwrat, slw 1Jte aiiw- taacuu, J a,y MHbuoeu tht kwututca oa
lianized worU pver. thaa the van 45e u JraJU mj nniia IteJi rf it atafm? taw4u!nes kad iicio
tia to put tfl Crcxa day la oat CUe (reat w4 utolk f ausnaBahrf an I wtt ad that thai at ao part ! y
- uut U'dnqav or atlmjvea tureaer imU. But 1 jiptMc to hA.I luA tok uh atura -urUoo
oov am to ajak, U the mmm anait !ttmmimmk.-imm. lt... r
iHoratoinwtaM fcf-to . aurt.
4jf MPiDortaWyTto-aawt
ti
inn a aniliirm. iiirnrKT, ann a lo aad aniMia rale of
nacdtariar tit whuia taitod Mates, ao kmf aapa-
jaaaaiimf auaatUMtaa tua mrprr purtion ol our actual
liCurwiarcL
mm I am. aweiraiBea to aay that n tbe extracrumar
iHjHMMi&aai aatti auMiuactwa vt political partiea which
kthaa Mcaati tohaa oiaoh I aaateft alinu aa "aoliUrr
iQairiiinaroi Mr Bane waawhe h put ww cele-
iiiami toil nutioav I always aupourtea each to In-jf-mntfrn
I an aaUaeaaiat aawe to (lie State Banka,ind
aao neaoa of reatrataiRff their extravacaat uaaea Ila
M&iUw cunaiinw ajnmt autirai. ia ey opinion, io the
awKMwawf tiua aaialary coatiul over each Kate Bank
awmmeliae4ama arto eaeeaMw BuchwartUiro
.,,.,,,........ t( :,,vP1.,n?trtrij tince Lack ii.totae Itcas-
w aa Urf t-ue t. ature it i calico, j ue puwic , j w - ... . . ,.m , ncrtoroied
U er- m t:. N.t.onaJBa0k. ury. r;, oc aaJ dir-ine the
Sw wela tl.it a:Uou2b the Ute liiuh ol uie u.o. m Vk. . f the New LiiL'Und led-
wa. eery lral i. . aeal,. wU BUt, JJaak, revenue, bine. th. .Ueu VienW
the, wereooM.ntl, eoa,p!alUH,2 that wJie- their M T, '" W lend
. ilrnmcnL I have never witnessed any
ThU wew thine in tlte conduct ot any party roor rcu.s - -
.!. n.v.ii-i t.. tt a Tr, si.rr in tiiat Bank. It Cin' at Itumo
oliy demanded the specie for thetn, or dratt upon dia j money to uie
the tournt be a-aditeA -r example, tne uuvernmem , y- -- ---- . . - u1ikj
eollecta a half a revenue in Charleatoa; in the , t ot men, wm wou.o puo.a.y r''"
local bilUand dr.tea them in the Brunch of the U.
a rUni. Tbej fucda are acd"ir orfo!t.od v
a C tutla will out anmrer there, the Branch demamla
apecia or a draft oa NorLlk which ia per Ups u costly
tothelocal Baaka, w
Una the whule thfn. thoU"h I believe a well TCZVh
'latc4 end well coorfucted Bank ot the United Sutea the
beat means ot tecum)? a aound and unilofm bank paper
correacy, I abookt regard the eatahliabaient of a Na-
tiooaJ Baak under the existing awpicea sa highly daa
ireroaa, sad calculated to increase trwtead of duauiiidi
th peceaiary embarrameaU ot the country.
As to the Indepeodont Treasury aytenw so far as it
proposes to withbuid the public depositee- from the
Banks I eaticelv approve of it. Thus for il is simply aa
abaodooment of the pet Bank systeuivwhicb sll parties
have etjodeoiued, M otif ratal experience bas coo-
brmed theaeateoce. The vmection thai it tncrea-s
A - , c ti I ' . : .
tetnrjoral interesfc--Of the fatal mmm si" ttt tr-
. mer.tbo Uoly Valuwe and the rail
wiruinj j of mm of tha nocLkltoif t3ie BaUts-,
it is mine to treat m ibMsnonoaaa.
: Few thrnirs are more nutKius,rwaa
kr a (Td i r. t han casUnnaxv rmicrwatnuiUv. Is
Jjuses and tlihtoetwry ktodsiT wwrtffif 'lNaiMaa;
' for buianeas wot attended to ia Che ffr tow am
i eensoii, is either oot dssia ail ear slows tosfiik tosaw
' labor and didiculty, sod U leas rasw.
- 8oni men ar rath fraciicwsa'lirfli
- rourttt lie unsettled for WBtvsraJ voara ?ffrtw- is
ia no pmiter foraouth; they iw sjoat aitt'iaiMs
..T .aak .ix. t atoJ R. aaa. tl.m
a t . - , a - a . haWUliHBB WJtaaW wwlli WIWLFVBW SIW.WW. SVw mj-t
atiytiinev At lenpth seuinDM Mrswaa twati
. Commencya. Tba acooouts tt mack, aiiisaass toav
v' est, are swelled beyond (ho waaciaftiasi af tV
lher. Oa both sities, several onaMsow awwwsa
'V ished fco theaa, Ok rar4 dUaane snwana; aaar-
' haps ao'arbi'ratioa j pcradwaaes aat eiaasaaw
lawruit i aud tbew chjaf frsnioi as sawwswl Lr
' Some moo neglect to snako tonr 1TIZc,tAtNiji
r thry know their estates svuuld In nibtMhil no
- Irary to their owa annds owd to dha raue ad'sawrf ,,
if they should chance to ie smoiSaVu ' kswwwc
. this, and sincerely wiahvnjr, that ryM oasry IstdMaw
' Jheir heirs, they are fuy Jktttmamni to ttorsa
. hs Decefetarv act and ooed, wassa toaw ac asdaw.
: ' f But whv iust nowT lBMWerUajesHdJassuilIL'
And thus they dVUy U twtnf
C lilt k last the tin of doing at is i
laOMMaaf the Baoks. ThaprBaratadvurtteaof Biuk
off to rmiad. State aiauibua practically, if no in
irnm Sue m Sank aiwiit m thw nmt DuU-al of all Um
iaipaato it sroatusnig wvalthrthe aiore we haveef it the
ItkriSn ; sad; bey seam to regard hiia as sa old-tkshion-
a! nabficat aaianaasrt who sbuaid dixit tbat tba laroe
urn im ihliliiMt bundiM atillmaa uT Kins Daner
Poilaidl juattoat smmoV SMallh lo the country. Intact
mm past auar argMC t&o ssUbuuMint oi a oask of
ttl Cmual eaatoar tnw open apubwia and adve.
cam law pot hank saateaa, wha.k they concurred
uKttoamtodawnonsisgwM a aiustirartai ajd "tupn
dtoio qntwi af saemptsai aad uf despuw; power in the
ilaadaaf trie federal JUecutiva. I sraa perfectly wn-
( wiWa I tad ttt d amiid be eaafr tu mavt t l'ri
dtarttf teheadaf3tr refular Iruspa, than aas who
;MKhiad! tsvkv acustfaderaet Baaka. Yet after this
to VBMT. ' ia mM. a ujMrt aaiMrunenr. hava Bow aJunlad it aa a
If; pso t'tfUUtr stuav to a Bank uf the Uortid butes, with
the extra session.
tioo tbat the irredeemable paper of Banks was above
the par of-fovsriMuent paper 1 PUiticwmi who have
placed their hope ol auvantenieiii up u. -"-
influence of the UDks,or have invested their private
fund in them, seem lo retard the interest of the people
st larue as ot small conseuuence when cornel in eon-
flict with that ot tne Danaa, ana uie rei v. ...
nDiMMitiun to Trcswirv paper is that it supertedes as
erotoaoUie use of Bank paper, and thus 1imiU the
fit-Id of Bank circulation. . ? f " ' J -
I Conxider the Constitutional objection to tins i re
sury paper as unPjundcd. Surely Uie government can
receive any thing it cbooses,' in payment of its debts,
even if it were brick bats, provided they are of uniform
luc. and thia naner will be much hwre uniform than
Bank paper, and I think, than Specie itsell. It certain
ly does not become tboee wbo njainiain that the govern
ment alwuld receive Bank paper in dircharjre of tU
t l ! : l-4 a . it immw ttan iutl T'K J
thep.tron.ee and induenc. 4 tb. Civernment JtoaSvaw'rt,
1 be eve on tiie contrarv t "-v ' .. .... , u
holly without foundation.
that t power of the executive to select favored Banks
at diai-rcUoa, to receive the Govemineut funds on gen
eral depnaite: wosld pvs it, Fpcakitiir w ithm boondsi
uoe hundred times as much pttroiiije aud influence as
the appointment af any probable number oi olucul de
ptaituries would confur..
As to the reqoirnient that a)4 dues to the Govern-
ment shall be paid in vwxie exeluitNly, I iitve been
opposed to it from iha. beginning believing thut it
would the preasure of tlte times and render i
anora diQicult for the Banka to rtnome specie payments.
As tar aa it fue it would tend to uuniiitoli 1Mb thuir
meant and titeir motives io resume, though I bulteve
its effect a both tor euod and for evil have been exces
sively or-ektuuatcd. Mr. Catlioun cotitcndir that the
bills of me Banks derive Uieir priucipaT credit irma be-
ins: received by the Government, which he rctrnid as
an endutsenienl by the Governtnent, aiul Mr. Webater
and others eeizing upon this idea drew the inference
that if the Government wilbdrawa thia tmlornwnt,
Bank credit would be entirely annihilated!! Now I
think boih the premisesof Mr. Calhoun and die coiiclu-
s.onoi hboppun-ntsextravairant A practical view of the
ojWilMis vTnhr-Tfeasu
Though the annual revenue should be thirty millions,
(and it ouybt nut to be more than halt that sum,) there
wnuld nut be al any one lime, in the Treaaury or inthe
hands of cdlecting; and disbuniinjr oflicera morn tban
five or six uiiRiunaof dollars. Ot' course five or six
millions of, mouey. abether of metal or paper, would
orK.nu.ni in native the naner. Its whole value Would
oe denrea rrorn irnr, iis receipt ir m uimv wuivs.
and creditors will be yoluntarv, and of course no coiec-
Hon can be made to it, by those who have clamored so
much agsinat payins lliese government favorites io
Specie. They aliould rather say, to bfi consistent, " let
them take tliose Treaury taps if tliey clwoae ; Bmk
. :.. . -.1 r.. i " Tl,i Ai,.ri;.in-hii ihoaa
pam!r m wiu lur iiciii. . . uv ywjv.w "
are bills of credit, snd, therefore, unconstitutional, il,
without even plausibility. The Stutrt only, re pro
hibited tram' iwsuiiig bills of credit; obviously because it
wnuld interfere with .the power of Cong reus to regulate
the currency. The phrase "hills of. credit too con
veys a tecmcal idea which can only be understood by
referring to our revolutionary hiatory. It tntrtprei
ciiely'thc bills of ctedit of tbat day aid nothing elae.
Our 'Supreme Court in 'this Sute have accordingly de-
cided that the billa ot our State Bank, are not bills of
credit, though they are baited entirety on the credit of
the Klate, and coimtitutc a larz portion ot its currency.
But the government of the United States does not pro
ptae to make these Treasury rotes a general currency.
It only proposes to receive them iu the discharge of its
OM duj nd.to
their consent. If they go out qf Thia "narrow circle, it
will be by the ajrency ot the parties conceined, and be
et use tb y may huppm to answer better than any thing
elbe lo Irannmit fumla to a distance. But if the amount
imtued is limited judiciously, they will soon return to
their appropriate sphere of circulation. In a single
word, the power to borrow money, etuier upon diock,
t!,e ri.i'a ' 'i', i tlx.LS.ttr.gQ L-...kiinJ pul'.wLci
tlie Ddltiti. rt American Jus been shown to ,
this day, and that the same U entirely falsely are.
gards the said sclir. Merchant being hai! d by t!.i
suflirers of tlie Pulaski for assistance, lie furt!, ,
swears that they never saw the Pulaski, nor d '
ha believe llmt they went, within fifty miles uf
.lv v. . ""'VI oioic. u,4t
the schr. Henry Carnerdon arriveTril Wilmingt
twelve hours jiieviausTo the rrivati.f ne'achsua
er Merchant. ' ir RL'l'US ROBDINS.
Sworn to before mo, this lath hf August, 18151
JAMES M. TOOL
Capt. Dmiv, oT the schooner Henry Camerdutv,
of Philadelphia, is the author of thia alory, aoiu.
jurious lo Capt. Uaylard. If. C. Standard,
tt'etre informed by Captain Kirrellnf thesclir,
Admiial Colpoya, at tliis port, that he saw,bo Sua.
day -last iS " False Cape, a large canoe or nerriatw
ker Wat having on board, as ho lhodht, an una.
sua! number of men lor a boat of Iter siieiij
t (luil on landing at Old Point on Tuesday, tie u
told by the master oi the pilot boat Selira, Uwi ha
too hud a short time previous, seen the sams boai,
and made for, and on coming up, found her to have,
on board $omt twelve, or fifteen negrueaU trrR
armed mth miAet - Tuny were told to keen f
and not- to come too Bear, of thcy-wuuld be fire4
into. The pilot boat having no arms and but 4
small crew on boardi. with very light winds, was
forced to let them pass. They were evidently run.
sway negroes had come from the coast uf North
Carolina, and were making thoif way rSurjb. ;t;
Aletundrit Gatette.y.
perform ist wni opBr.lKm, ins , reaaury. cuppoHi . rtifc, or Treasury notea. or'in any other imagine
brat tbat ue tjovernmem receive tins sum in oanx i ... .rut J.,h
IC UUC IB) tAI VrWMJ Vtl I.VS aa VrrvsiScarf aaiea aaawu
Ciona widow, or 9 beloved aad 4eaorHg cihR at. esannii a 3UJkrJJt to to Iocs ted sa the Lily of INew
leA to anfler, throarh We, foe kmc cuiiaao. j 1 """ y.TT h,"',;
r ... f , - tHmji'mli) mtul aaSct, t aboard regard Wnk
DflhlS default, v !r!),T.i r.. Z.h ta. 1.11 ...k
Sotne Ferraerf oo'Lle Asm latoa, anal mbt toT... a. Bsuhd amiMniJa duunnia
Ibeir profits, (U wawt of Asangalsaastojpaa t will not disuiae tot
that a Baak at the Lai ted SUtaa eaUMialK-u
tna swat toaurabie CilcaowUocea, aowever per-
a liable to hacnaja
aaadsai lbs ftder-
tba Called Ststes
r anntm&Malp anstaawd froaa politics until Kirced ia self-
srbswawto aoaatlnavto aat degree, rta neutral puai
avwa. I wjfaialaa, ahatas oaa at its greatest menu. But
vsaaa aua.it sweaaaaril he tha character of a hank of
saaw wtaAs, THtawlltnas awhliahi-d ua.Vaa Turk, antler the preaent
1 . . . v n . (. 1
aa ate anamry 1 aut ur an nana, ia
Their w-iaa asa awaw-mwaw
hod thorn, all which a ItideansawMolIr kswuAa
have ptwvewted.- Tbaar avaawav asaf -waass lAawr ; to -adtaam at shaaarvaaey.
: build inn, mr trf-Wted-tUl the swat sT sapaart lav f 4mimmmn m the
: ; 1 tJTcjJ - lJU. Z- U Ijesaavav Tha sU Bash of
" ing a traia ti avcwveotraoes aud af na.au aiHarara
frurn the oelect. And oa adaa tnmr swyw caai
piore tabor, and t the sawue wjase wsa koots- aa
bulk, or inferior io waantv, Int
the labor that had tens 1at
put of asasoo J Jim is it aasiawanai aa saw fun tai T T wmca at tooecuieibe
of this sort in k snichtT taarsw oad toasda, TWt rW-auairltaa.od to Wsecafc ay d. Such
... . 1 I - : aaak waaiar aa anavaiaaMf a saere cagust ia tne
are oenino iuOT 7-- Iw.,.- .-tv.. Ua-e-W-a-tr.m
t; Wbirst at ids caoar a awnsr waaaioa -a lrVWMtMO mMUmt thua areaUw aad thws wadded.
grrster hurry lhaa thear smiUm. 1 1 saw taaalleat that as say ktat asawch oa the eepu-
lany p oeioaestiaaiaBiassiawwiiiBiiB-aa aiSa-trasy i alaOid as a raaaoa mr supporting ise ex.
tathaaaWaJ! ttjs!4www amaM sruuuce jrecwely
sua. a stab af aoaaeny as are aaw have as the carrea-
t. to axtrtcaut ueaaselvea from
taenia waakl tj into the anna
- aa .m tk k.
U hat dure art sawrcaasa laae, aw csjatoas, aa jj 9mKf9wmkm
,,1,1 1. A U a.,Uar U WO. At , r, ,r -f- - n f - -j
it be otily few aauadhs,r arav, aeral. llasf aaaafs lulUaaV. r the caaacas art that any kaak es
hard duea La find a te era rirVL avtaS mutAl vaau'n . aaauaLal aadaw the pesaaMias awatacea, wwsld be in
. he thinks, hether the tbtag la 4awc jawswailWaiij
the time agfeod-wjiun to ww
tomera.
bare beem kept right, sf tas iiad
ear a day wrtbai the way.
' '' Iluoast JoaathaWarwww a ss
. btrlKvlarfrteod, aa the
looa pvnclaaUiy. I ifeaa tW
Gst aaurk !
aaiiaaj afius
Bank, whatever A saifht he iefam.
JLal laiw I aaw twmaahai of the extreurdinary speech
i a Ctoaw aa ajtoew kw-
i'
riaaw aftha Tstaaary, aaakmg tt aa
as aa fret Csttsa aitat Baak.
aadapendealaf
ew ta; aV Z"-, .tin ilaaaa aas to arrad avaiaat 'Jtat ticaaajt
.... r ' . - . . -
but bring Ivuvy here aaa ttjtee, tar oruets aa racra , Saaaaatw eitnwaiy Irae frxao Ui a it has But one
orseialaV. Ths aatawy bafipraai to l avatfvij aW j at sTat aQribatwa af 4 haaK. It woaU Bifther SaCuont
my slat it hecoaaee due ; siad, nttk awe aasswa-aeawir aasaahulav k waaal aave aa favor la eoefcv
- f-'..1m j..,1,.-'. BMa-aaaa jnaaaa m. mtrJU Z a in eada. asdeas the veyaanat al a Mat debt may U
w . ar-wsjah. Wthafcataldraaiagspaa) teswafuwds
iLw aWlntwJ to J ' W to dhwtskJiJB toako Tr-aaa ry a Baaa,very
, ' . ' u a. jBsaWwa.
pweeMuo, taw awe. . sawv aa gutn-ww to to uvr sahjeet s a Baa s tto Uaited
a. aiKM away " a ae. aa I"1 a-v in a. j.aw 51,0 I toaai toe tare Baak uf the Uaited
sett oat wilhapeedl aait aaesus aw add.araimasaasii. jcani, ufaailnaad to aw tW by aU paruaa, I saaw la
towhata be epssw a toa4v4 eCaxavaswafl aaaaaa,aaa suaalua a that too wwaat suasaa tost aaald to pee
which tales lat ap sas Vaaw -a ssW;'swaa? swaWs
and by tha tnae ha amsesLaJ. as sawwat Datf ; ul a-t fcuvry trad totaw aay ait-a. M
a-, Laa and hi. aaawaat svueto tatorawLtto awaw a asesvpasua stier. I'ak- IS. pahSie
1 aaueaa wtM as" kits sattaV
Yte4 pama aad (rery c4iiU. erxar aav lisVw
notes, can it be conceived that the Government by re
ceiving six mitlionsot the paper of the banka located
where the Government revenue is collected can ope
rate, aa indorse me 1.1 giving credit to the one hund
red and fitly miliums id Bank paper of the vartoua
Banka throughout the United Slates; or on the other
band that the willalrswal ot this endorsement by refu
sing to receive the mx millions of B-mk paper will des
troy the credit of one hundred and fifty millions of (fiat
paper which under on cireumidancea would eter rench
the TreaHirj ! , Uo-louWedly the Banks lortted where
the retenua in colUtted are greatly benefitted by the
receipt of their bills by the Government. The exaction
of apecie ia payment of this revenue woulJ withdraw
tbw bet rent, but 1 cannot perceive that a corresponding
b -n. fit would arcriiS lo sny hnly else. To the objec
tion tbat the receiptor bank bills violate that clause of
Ute constitutroa which implies that the revenue thai!
be collected in uniform currency, I will only say thtt
if specie w a uniform currency, so are bills that can be
at any moment converted into specie. To be lure it Ia
not as safe, bat the Government may demand tpecie at
aay moment, alien U bas cauae lo spprehend danger.
But though I am oppnsed lo exacting specie exclusive
ly, I hate been very anxaius to see Treasury bills or
eertiScatea bearing no interest, tuhntituted entirely in
the place of both auecte arid bank bills To accompluh
this result it auuld be neccsaary to provide that nothing
ahall.be receivrd ai payment uf dues to the Govern
aseat, but tha Treasury paper or specie. The result
would etidenll) be that very little would in fact be
paid but Treasury paper. Thia would be a very great
improvement ia the firxt operations of the Government,
end I tgret that Mr. Calhoun did not make it a' part
at bis plan, instead w merely augmenting It II would
have entirely rrinuved every rational objection lo the
aeee laalaiaMf-WanbaiaSi . itdtae-tosn wholly at ia-
anurebendrSl by air. tt etwter and his araucitlea. At I
brhere I was the hna pefreat ia the I Jetted States Vrt
aipgest it, 1 will bow brKfiy explain my view ot il It
out eeatgited to wmao s grarrei earn ey, but mere
ly a carrency for the Jtseei nperarieas a (As G'urvra
atcat. This M is ejasntisl charatter, and it results
fnaw it that no Buwe'ef this paper nop hi ever lo be is
sued lhaa wdl perforin thia function. As I bate bete
loses taai the present rrvenue of tire United Stales
tnaild not probably ruquire uiore tlian six miliums ol
currency to ncrtem alt the offices eonm tied with h.
than tha moment of rt collection to that of its dndmrse
aveat. Congress sfiosld, therffore, aathorii the ianue
of tha aaia aad aa ewr, and it aboukt be made rs-utvj.
able mdeenilrly. TSe value of this pt per would be dS
rived, not from its redeatnabiliiy. ss bank paper antes,
but fa-Ma its receivabdity bv the Treasury, and from the
amount being lonUed to what will be actually abaorbrd
ia receipt and ptfirteutsof t be Government Nothing
rta to aawe ample sad at fa sad eeunnmicaL In the
Srat prace il wwuld be tauivsleal la the creaton of su
atilliuas of specie, which would rest the country no
tMtng, aad yet aaawer the potpoaes of the Treaaury, 1
think better tna a specie, aad nrueb Setter lpn bank
paper. If the Govenuueet were to aae pacta, besidea
curtmg the country jut tix millions instead ot nothing,
N ana Id create a prevaura na the Banks, ekd wanld
go not td we wi3 erad fc the anSsi
row. Kr lo-owrena avrvsea. The da
: aQtok. a anil ansae, be a asm eanaa. A aanv
row. tja io-aormw arvrera. vae sasjraaay vjaaaa'aaat aetna saaa aU af ta ctortev at toe ead af sterv
a hraiaeaa thai UCVa the fijaous'i aUS. kav tyaaaaJ, woaid to aliaoal eeuat to s diaputed aaa-
Harh t The cry 4frar aad dataise, TVs Swa3 1 ' a a a aa-aueh v. The ana pairtuluf all pea.
Poll our ctuldrea haw raw! W swanaMai; aesaata a ma aHurwaf toe caneaxy.ky tha apweyad a
naant to have tKeva eat-4. toafcajyaaa t ,'77
and lb Kane for l h aa f. Waaeh. aeeid to aaaw aecaWIv thd caaa'auar.
' ae suaa at . m i. ,. . m a. k - - j.-
1.1 ii at. ana Jtiw ws
auth Caaeaat lutafta, at Seetreytng
Vf the a hole . That sVirk saaW 1
'kU) I line, I a Id'wn 1
artdtaV : a nereaa a ana) snar nua as aaaaa aa aw ?
the aaly lima, sufLra far iawgng awarlj U sajaa. ( ear bar Baaa tat a aas sMUr. aea ceeteaains;
Aram, ahea vf iwi wi sarwassf akCautaigt "' a iali tin ml et .water, abaa duaaai ha.
"rr oawt, w ajeVtr4s te cJaoU at tVa sfww '""TTJT
Ud aJ ane and tlal a f.-aaaa and gaaal anr ; aW ' "J
? Z ,7. ... - . . a r.v.. tm..t.
t ana sad sataave eygetiataaj that H wdl re
's viWayag auod t saattr, aud l tat Iwaaa. fmm9m0m aarlwa.ely at datrvas ia a
garsly rarreeoa. 1 .a um aaaw wm. ear gmm 4 arawnar. tana that psayla wto are taveteal to eeat
galling ta belief thae half a Aarw. na'4 asat Sa to taiaad by wrt aa Uketitatjua. Its
' '"'-" L veva Sim a&ee wmU be t aurrei a miandaat carrea.
CtUltm of 6Jre.oe aaiaa a V,-t ' L aa aea b. uW waaJJ to pertei. A baak
day, W. Basadaadj manirf d the wai img fry m.Jmmt auU awaahiy aaaa at least thaty
siesmee. W.cw)agi',aslle Xiawawaad V. taantafcgmaaa'aaeaa biUa. 'Tkaawaid sarrtaa the es-
dlhe Ilardv.Creewwa asaae-e. t Fava-ai at. j
Jghlfiaw, Sua aery of rVeT'SM aad ttuto. t.
aeud ataa ears, aad . ru;U. aarv adsto Ti
aer canvarted, at the Tbaaaa p-- aUra.af toav
ing tlletty aavtgaw llaar t-eaea, at a gmewe saw, 4,anMBH) j
tanerd tha Base aa aaar aatwwn mmmmm
bndga
tm 2l3aa toaks a aaetad Itow toate as SMcfc the
ll sawk, & a Xersaed Baak pertbnaed its daiy.
daeanra sptrataaa at WMahl tota samaae laa
spaa the ieale Baaka aad tkroojh
to a medium aa.4 un tK4ed ia the nnitamits tt
W . k .... 4 if .1 ... J . . .. ..... J
aaw aw a. w tmmm, wm wmrm an . U yalae by th Stat Ot U loretga SXCbaages thia
Sa e aanmaJ aatitatasa. tapaetad by all part re. tKM Traaaurv aaoer. The riae and fall ui teeHm
changes woakj aot sf&ct thia paper st all, at it eta cir
ca la tea ia laa coaoby only. Tha would be a great
aterit, gaiag il id abi reaped a decided prefvrenc
over specie ar bank Wlhv If the Gevern;ant wars to
ate Bank hills, besides being prvcteely st coetly a me
diant as specie, tt would expiab the Government sad
tojnpl ta the tosxarda of baak inadvenry at bank vus
proaiaa. kjovvwver the traoamiauon of funds nam oas
point te another, which is tsty saUatrMsmj to the
tsKtTWd atttukbinf I th tsCbadaea,beN thl Gov.'
si aaw at aaea bank bills, would produce aa such edecta,
where -Treasury paper ia Bare. The truth is, then,
that the yieatiiaj centee to tha, shall the people of the
U. K. aaa taevr awa ereda, whwh easts I beat atrtbine.
Treasury notes were largely issued during our last war
with hnglanil, even the New-England fcileralists. who
denied the 'ower of Congress to call the militia into
the armies of the country, never questioned its power
to mmm these notes.
The nothn thai the issue of these Treasury notes,
would convert the Treasury into a lunr, is purely cln
tnerical. There is not Uie temhlanre of reahty in it
Il wouhl neither receive depositea nor grant loans on
discounted notes. To ihe limited extent of its issues, it
would be nMrmsppropnate local! il a Mint, at it would
create, to that exiont, what would answer the purposes
of the public Treasury, belter than coin, without any
coat to the people. Now why auch vehement oppnst
Uou to this Treasury paper on the partnf those who sre
to much opposed lo the exaction ol Specie in payment of
duct lo the Government, when it m obvious lust it would
ruperseJe the use of Specie at the Treasury almost
entirely 1 Is it because it would also tuperaeJe .the
use, of Bauk billa in Uie operations of the Treasury !
Cap it be posaible thst acy patriotic citisen would pre
fer 1I10 interest of a few favored Banka, to that of the
United i. ':a, and therefore, Compel Die government
to uae the cretlil ol the Usnks instead ot its own ia cot
1 lecting and disbursing ita own revenues I I am aware
that many memberaof Congress at the North bjtt their
private interests so deeply involved in Uie Banks, that
H is, with them, a iuetioo between self-interest and
pslriotam. Indeed Uie great oontrolling tnonied iute
retd of the North, exists in the slwpe of Biuk atocki,
which sufficiently sccounl fur the vehemence with which
Mr. Webater denounces U proposed. Treasury pspei
aa cootiuenUl money, when plain common sense us
tales that tf Uie Government Vera bankrunt ta the
amount of a thousand million, these Treasury Cert lo
cates, would forever remain at par, as lung as the Go
vernuient shiiuTd continue to collect annually an amount
of revenue iaiOicient to absorb Uiein. The sole toun-
datioo of Uieir credit is that Uie Government will re
ceive them, and that Uieir amount does not exceed the
sum annually required lo collect and disburse the pub
lic revenue, flow when it is known that the continea
la I money exceeded this pninrrikn soma hundred fuki,
the absurdity of Uiesnggrsied analogy must be apparent
lo those who have not a very strong mtereat in not per-
oeivuig K. Hut I moot chaa abruptly. I an on the
eve uf actluiit out for llurope, and rrgrrt that I have
only had tint to write this hasty sen ltm so important
a auojccu t cry sincerely ioors, .
GLO. UcDUFTIEL
S.ML. A. TOWN EM, Esq,
To qoide sutborities to si row thai, if other things
are rightly tMnaged.eicbaiigtw will regulate Ihem-
elv-s, ie very much like quoting anthorttn-a lo
show that two and two make tour, net as toiue
of our ooile,ip.rsrres seem to be ignorant of Ibis
very simple I bough very important tnrth, we will,
for their benefit, make a short attract from Quin'a
M Trade of Banking in Rngland" t i therein re.
corded, on the authority of J. lloreelv Psliaer, Ike
Uoventorof the Dank of E.igUnd, Ihst "The at
changes are in due season corrertad if wholly ia
the hands of the community. Tha t)uotatin is
short and aweet, and we hope thoaj f ,t abuse use il
is specially mttnded, will laiocars to reiiiember
iu HeaViagtoaj Ckrpmictt.
Editorial . irrifirt. A few tbtyp ago the 'Na
tional Intelligencer hud soma sensible remark on.
the wibject ot editing paper. Utie idea expressed
lias frequently struck us with great force.' Many.'
people estimate the ability of a newspaper, and (lie
industry and talent of its editor, by" thts variety and
qiiantityof ediioriaT matter which itcontains. Nui
thing can bo more fallacious. It ia comparatively
an easy 4ask tor a frothy writer to pour out, daily,
columns of wordiwordf, upon any and til sub
jects. His idea may flow io, M one weak, washy, I
everlasting flood, and In command of languam
may enable him lo string thorn together like bunch-
es of onions f and yet-hie pnper-maa be meager
nd poor concern. But what is tha labor, tin tint
of such a man, who display hi M leading matter1'
ever so largely, lo that imposed upoo, the judicious,
well-informed editor, wbo exercise hi vocntue
with an hourly cousciousness of its re poruibilitie
and it duties, and devote liimaelf to the conduct
of hi paper with Ihe same car and assiduity that
a ecnsible lawyer bestow upon auit, or a human
physician upon a patient without regard to how
or display ! Indeed, the mere writing part, of ed
iting a i.apcr, i but a' imall portion of tbo wort
fhe industry ' not even shown there. " The clret
the tnstn, the time, employed in selecting is 'far
more important and the tact of a good editor a
better showu by his selections than by any thing
else ; and that, w all know, ia half tha battle.
But, as we have taidVan editor ought te be estima
ted, and his labor understood and appreciated, kj
ihe general conduct of bis paper it tone ita tern
per it manner it uniform, consistent course
its principle it aim ita tnaiitinees it courte,
"v it diirnitv it oroDrielv. Io nreserv S
7 0 ( a..- I
lltese, as they should be preserved, is enough to
occupy tully the time and attention of any man.
If tu this be added the general aupervuuouof .thft
newspaper Establishment, which most editor have
to encounter lht wonder ta, how they csn find
lime, or M bead rodm," to write at alLlb.
v JUSTICE. t
A statement .Veiling the rounds of the newapa.
per, accuaing Captain Gat lard, of tha cbeatr
Merchant, front Elisabeth City lit WiUningtoa, nf
ha tum paaertf tha wtatl at the ruI.sUi, wiih.aj
bearing to, or heeding the crt of lhe areiched
autTerers (a help, ' We did not copy the article,
under the belief that no ntembrr of a rivilrted or
chrietUn commanity could be gtiitry of eoodact to
atrockwM. The reprt ia rtnw onntra'dicted. The
owner of the veaanl, Mr. B. II. Charles, depnae
inai oa na con ve rasa who many o the paawn
saved i root tne rwissti, and iaanl nothiti
lasenger
g af Ihs
d
aa lh easier. lia.r s
taaaHinaai yadkw
fceaUaud, U'r.M aad U-a. were fiscal I to. aasti
aad easts, and Fat. Fav.ee aad j).dad aeeeaev
dared to pay 3L each and htmdm ff Baa
Xirhir baa aapraai aa awe the thai the Stat
thaaad to aaaa eoartera at the V aaa Junk to
Baak as a wean, et relatawg Ca-ea. t a the
a mm eSsa a mmmJ tka K.I.A.1
- " to auta thrj an l.li asuaast Trraiari. 1
thej aa lalepsadsat Treasury, 1 tors, pasesd into th ha
ar that of ihe Baaka, which Suals as aaach at tpucia, ss
ihe sjtediain of ths'tWal eaentiona of th common
Treasury f If this to tha sanation, as I think rt a, no
pstrml ca beat rate sa xating A. - To call that Trees
ar sans cualiaeatsl aaassr ar freach tairataouU
to ytstly regarded aa a absurdity, if rt bad U bee ' kind from them and tha following drpnmtioo af
duae by a aaaa ol Mr. We bster's rUrtcter. If the Gov. th satin uf Ihe Merchant, is uf!kint rt falsi ion
vrnstsat wer to aitrw.pt to wake tha ptptv a suhai- 1 ih standert
lata ka? reveeua, suite a d at the Btere aaedruui nfroi let
ting tt, by mating ft Uie aaaa of effecting s perm
went kaa uvea at ar SO wdlmaa, it woold aecaaara
ty depveeaia, as a ill carry So interest, and would bt
natty latMe toth bov odiootrwnrariaxtt at a degree
savaartawad to Ma eaorsa Th Treasury IhlU waoed
t the extra tWaat, Maitratanding all th eapatriutje
etLfto of Uas Bseks sad of aier party pulitiran to aa
prertil Uteat, pefiewtad th fanrtajasaf a Treasury
Cartevxy sartectly wrL Thaa to wet paki out i
tlx? aral wts aaee to the pubirc acbreri aad publk cradi-
nd of thaw Whs bad h
Itoptytooa-
StJg r .Yoria CWroiaa, ':
i'aseaoesat roaay, k-
. FLtisarrsi ClTT, August IS, IS.1S. '
Peraxiatlv appeared berw m, Jamee M. Paid,
one of the Jeatices sf the Prace for Paaquotaak
oanty, Rufua Bobbins, aha being duly sworn, de
poath and aaith, that he waa ihe vat oa hoard
Ih chr Morrnanl, of Elixabrth t'ilv.an has Uta
wag fna Eluabeth City to Wirwington, N.C.
SEVERE GALE IN CHESAPEAKE BAY-WTTH
- SUPPOSED LOSS OP UVEa f
Capt. Parrish ofth steamboat Virsinia, arrive)
at Norfolk od Tuesday, inform the editor of th
liencon that the gale of Saturday night waiaever.
ly foil at Deal's .Island, 140 mile below Baltimore.
It commenced at B o,clock P. M. and blew withal
the violence ot a hurricane until 12 o'clock, a pe
riod of three hour. Off the Camp Meeting grouss!
about 300 sail of small veseolt were at anchor, three
fnirthirnf which Wtte dfiVeh kshore."- Kin' offbeat
were caruMzed, and number of person aistin
from ihem sre beleevrd to bvbeeh drowoe4.T7
The fttouteet tree near the Camp Ground wen
lorn up, and the tenia iiisUnttnaously damolishei
Capt. Parrish and tnw were busily employed
during th gal iq rescuing Ih persons in lb tea
el that were eapsiied, and were- instrumental ia
ssviag number of lives. One of hi boat
bilired during the violenc of the gale.
Oo the way down the sound, he taw scTcrai a
act bottom Upwards, and olliers tohor.
Slrongt AJair.-W's extract th f.dWing ff
the Baton Roug GatHts.of the 4th inaanu w'
have never heard of the circumstance beLra, aoi
should hke lo receive-rm aotheotic inforwMlioa
on the subject iEditor X Y. Cear. dr f.
" W hava heard o acauuol of a very vyvta
rraus occarrenre, which w hav been asked t
lice, and wkicb w lay be fir our reader a
cant to us. ' 4 .
,M On the sight of the 20ib of July, t young Caf
mm aauatd Neasel. from FrsnkArri. arrived al th
tow and look up ha) reaidenc at tb houa of
dame Meartr - II. was reoommervded to that Lad
by lhvtnc Pyreuhctdt. of New Orleans, and
(inised her thai h canw fa th bsoXjlof hi healik.
having soaw lira beLre, had kw lag broke M
br snea piuch injured. 0 ih next day, h coat
suited several pb) scians, and the day a Aer, h we4
to lb Branch of the Caryollton Dank lo preaad I
teller et credit which he, had received Irosi 'v
Schmidt, of Nw Orleans. . II was eecoeip,
he a viwMte Mi aha ha sinee w lonied in the Cltft
kir. Lojet, lb Cashier of the Psnk, biin 'V
engaged at th lime, reqtieatcd hint to ail h"
mimiie. Us It ft the Bank in Company aith
saiu touus ansa and relumed Loaua.- Whefl h
reached the. house vf Madaoja Meara, k dcatrre
lo gn in search of hut truLL which had not he4
brtajeht honie;thooghti readrvcied distinctly "
hav seen Ihe landed front I tie boat i ahrth bt
had can 1 and in ewnaanv wiib a vaons- eat''
man, Mr. hepp,uf ihii rown.h started d t searrk
of tUra. Tliey ei to Ut aotel af Mr.
bare, being too lired to walk auy further, N
IAanVaaa . . . -
wit oy .nr. Kpp, who prtweeoW Xa rat eaouir
after the I ranks, AAer a fnutleas ararch of abut
a quarter of an hour, Mr Repp returned lolhepl
her he had left l.i.a. and th tf ouM ma
goan. tW which lima, though every enquiry h
hreft nd, he bas a4 bee heard of.
; " " It is the epiiit. of Doctor haroioritkU tW
h could H Vav the loan, as h aas afarcrty tb
ta aalk. Thi r truly a nysleraMj. flair, aad
' , , . , . . . a 1 - s aia ia uaij a avy aeraaji auair,
Waded with corn-that tha ratomeuf Uk.a (roo! bop, to as aou Ught threw ooB before Vt
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