I i 1 A. a !,.,, ' ( i 4 1 i ...in j t i if i .if i 1 f !. I n i : .a J If .tJ (4 rtM.'iMF lef 4 1 g t't.'l 'll.''-;' , f f r IU, f r I ' a i a a I (' . t I I. c t I L a a t ? , p i-i m.. -- . It ttrt f r-4 ia r jr - i 7, 10 ( r. 4 .t ! ) i t f- . I W , a, t l a ta- Mt - f-atat, rt fwam Siaaaaw 4 V It.if t,.y fKal frf !,, ,? j'l I at brr ! la ) tat ttiirrl w jf.'i vl tut f- ')', ami ii,.'iilrf If.fmjfli i r otW ' l. lim bar I adin.K-! fed w illvnut rear. . i ,fit. f 'if I , 1 'i I u' irI, f tnd f.U "!. War i-taw! f.-! n J, tt have brc fe(-"4 silb a.l a til Sl.d ! )r.r H K.Il.fi.li ta!.ih i4a4lut t ami tf h(tm l,tifM-Mi ; fnciniraf ad bf llH ffamialer. tuat., tl, n, U i um (ia'H on Um fail) U otr inti de fermiied (4 Ja 'It fnftlrnitanr f4 KM ClTUf t4 40 . ' I, .fl MO fulr Ilia) dratiSirS tttldl. la U j , c U r )fnt lh f..:i U i4 BUI. .t. h - ', , lri.:iftrt-ftl ljlpr ( MM -tj I! 7 of i. jj-Utii, ant twnaa,l.4 1 4 UmJ ikt.Ic.'.' jif In -! i fix-(IM- If Hi I ,U ttxHt K1 fMI fn from nrrjr if'jflj(r Kl Mli,ini4 mfk W tinK ii.li f f.jtiiulr ft ilk Ha 0H J ratnlilir, dim! ! m Wrl 4mfnm4 M qir! V4 to ! I,..!i trr,,(i iR pmina m Hiy j,,, 1 wntUj nil ii!-.iftj rivan il )c of r--nt rhl, idifij ) i ntt r 4 irtiK atttj ivpiwxnt eaiwJ-flmi "Jnfmf ' r" " ''. TlirfTif?4tie!tifii iwi!mw I f r.!r, l n rr.lnl t !twlm if tint mntf tOMtv- i ib-TftMin- hy l4 (imr (Wfamrl,iinWaMii4 V'xir tniuini ir.lrcuun, t lS-y tr mtiaMlrlt act. 1 J til itj inlrirvt of eif coimIjIwiiI. IhilV'g p fK! bl prr.f orw xM(f, ft4 M Uk KiuUI vf tMUM- pi.. I ji'. -iiij it, J tiiptunr-aa, t eotinirf k kn (imripanj frwil bor liigd 7mili, I'm) plunfJ (with no ritlurtl (w Irt rtpU.a it) bit b tbjm t4 ;rc4 ruin tr4 tiiYr. ' AIIvmiH Ui rrWllt erwjrjw of a new inai rb eoantr and NnfalaHf rtiU-rpf fiipjf x?!, tltf jhj afMltla4 M U nKiwtill Jrpnjfd. tt tlx IrMrioa uf aH f pfrKfitr l(!j Ibt ftrof.r n iiknJ . l prttrnt liif riarrraca. Wt mit rvt conimus lo flat upo t c uncertain CVperiufuta, Wt u4 Ut opo KKfui rf maiwMit and practical traira of BnltrYo-amnotliiflr eOnaJ ta4 tnirx?a W retarlr4 an4 itriaiM aWrex. - IMI ilh m LIh-o liila ih Wiiisip; di'kraoea I tvW tof to lnftifitc a auMet ubicb w nm of Jutj anil IV Jfcrt rrut mt o t. , Hit ft J uf lixxa ditrtra I UIi Wrr an a, rJ Aip'.y aowa Wi llfl Meaaer war lbi aApt. , from t.al Bttiv it n4 now M-ftwarr la iiMimr, liich har rrtatly eontrihiitaJ to tb iMCrtuar af 1"-M7. Tb dotria of .1810 vf mnarkabij aun'lar to tltoaa of oviro rtcjl occur rwxa, aioDpt tbat llify wrr mcirtj attrosita tnd apvrro, f Wa dJ jut emfrjrd fnrtii a harrwinj and rprm0 war, which had jnti'y jiicrpaiMtJ (lit puMiO JU hJ a(liDt4 t;. rmirr of tlie country and mflictH on hrr cut vtm ttWtuirt ptcuniary injury. Tba Daoka had aua pcmJJ apecia paymmta ila carrcary b4 aichnnr wcrt uttrrly irtngnl Cxm iWr nca waa dawy4 and trcJit (Mfaliard j u ruler wrb cirpmataic our anil iwtrwly frixg from lb poSlulion of Iba mmy, and Cun (ttimm -i,!m oil tiiin( U oe.pta la dicruira lb, ful'l o rltlHof to ra. For th purpov, lta tafilT vf i.iift uf 1-1 fl aliiiinl and wa (ndutlly m crciurd op 1 wha Iha Bi'l aa projirly aVnomi nalud " tla Bill of a bom mat tona waafi4,iMaMi 1117 a jrt higher ratft of duliea am) pnritily ,i CrvWIUK H. . , ' -im: . a, ' ' .- . t In rrmny instnca tha Ui wi to bieh aa aiMtlnioir topri4iibiluioipurtalMnorarticla(orprMii ocfCMiir Tba wr M la lha creation of fttr dumratie Minulc torH't,ii the nortli, hicb wora aoharfiiirntly fwtcifd am) incrinoJ umlrr the atispiccaof lha larilT,and Ihilb rr wrrc dnvua to pirchta at high priraa Ihiaa ar tiilra khicli an rxtrbitint tariff had o-lled fron mtr commprcs. Othi-r coruinotJltia whicn our itianmocto- , , ri-i ra urmblo to auitly, wtwmtinucd to import, ba can ( tlirir nT ril v, but burtlcnnd wtlb tax. which never I bclirva f in the anmU of frialatioi) waa exactej lnio a frre- vole. T fiir inntanca lha la , of nearly 'J cent on iron, 3 to 4 O'tiln on aopar per . pound, -!( to cent pH' buahel on aalt, 10 crnta par calluri on iiMilaiw. and on til othr-r article of prm necciwitjr from JH) to !itt per cent., whiea eertainlv would never baa been iibiniltd to but fat tha pltuit bio appeal to thu patriolimn of lha peoplo to pay tha , purine ut'ui. jo rcpuiate ami improve the currency and eitc banjo, anJ to fiirn'wh a rsle depiwitory Utr tlie . Public Treaaure ttiua rapidly acrnnnjj, tlie Bank of tha . 10HC2 mm chanorr J. Aiu-r atrupjlinir with ' tlia untoward circimutancri which fare it bemp, it aoeccedi'd at lentrth in rc-aliiina; the objocta cA ill crea tion, aillrfded a currency and rata of eiciiange, eqm) if Dot tupericr to an ccr enjoyed bi Uita or any outer . eoontry, and. performed its fiinctione aa B.-ral arent of th Ucneral tiovernment lo tho aattaraction ol amy ' predeceaaor fr Precident Jackarin. - . But tha opera in ma of Uiieunnecofwiryand oppreiva Tariff continued to draw more? from tha many to tha few, and tot parpoara other than the carrent expenere - of tMUovarnmenltill JSJO. The credit ot lh coun try Wat ttreiclied to it ntmoot teoauin.and ererr mearm " T reaorted to fr relk-C Th dilxce of lslO 'rara fcarfbl warlntf of the coming danser: and but lor the liberality and wiea. Cirbearance of lha Bank of tbe United stale ta criaia wouw nava neea mucn mora calamitou 1 ha relief affiled by the Dank however, waa but temporary and fallar iou. Tha canac el ruin waa too deeply In kI and the drain continued to do it work ailently, insidiounly, but aorely. The mer - ' chanta wre atimalated to Irtrreaan their importation . epeculation waa Cwtercd, and ercdit extended, with the , deloaive bopeel removmg' embarraaarnentt, oriwinatini in trad burdened and overtaxed. The Bank lent tbemaclve to the madnemof the hour, their circulation ', waa CBlared, their ability to auatain tliamaelvcs diinin- nuiou, ana mo neairuciiyn 01 ids onnn 01 um uuuea 8 la tea completed the work of rnin. But not only wax - the period for impoing the Tar;ff moat onpropKinttx, bnt tie inrlticemcnt lot eo doinjr (the payment of the miblic debt) moKtuowtisfaetort and nnwtee. Wewere Ctllrd rtpitn "br nri prmciw? of tuirtieei ef wiailiNU patriotism to mw-Jinrire that debt at that moment. . It waa a dfbt created by our two wan, and onder peculiar . eircuniftancea. entered Uie money matket aa a borrower vciunsr and , with; impaired creuit. i uur in atitution new and Untried, ami their atability often 3tictioned. Capitalist availed themeelree of all theee iaadvanUgvand impoced upon nathe highest premium for the uce of their funds. , U wa a mere nxmey ar. " rartement, necerity on the one hand, and profit on the other, involving no one principle ot patriutnun or liber. alttf. -" . , ' ' ' ' .,.. TJie Reports of the Secretory of the Trensory ahow that the Governirf7t was often mot usuriously dealt ' . br. We wore theirumier no obligation to the public creditor to anticipate his demand, and it surely was neither wtso, rwirnMiftor Jum ror any object, short or sb- anlute neccily thus to epprese aa already exhauMed rami prostrate country. t :- ' " Considered in a financial tviint of view, we are still more at a loss to andcrstano the twneeesssry haete of the uavernment in paying the public nebt. A large portion of it bore an interest of 8, 4, 4) Cl 8 per cent, aud money, at the time it was discharged, was worth . the full legal intciest of the CfHmtrr, from 6 to 8 per cen, Drawin? money from the. J'eople umlcr such circumstancos to pay to capitalirtaw-mitny of them fiir ' eiffners was finn acini opera flpn.tlic wiwlom of which may well be questioned. This Tax, tliup imposed, and tli us collected and disbursed, fom the. many to the few, . soon annin eoueht inveatmenta in stocks in Factories, - ia Bonds of toerrliants and speculators, at aa interest -rf from 0 to 8 percent 'A tety emalt portion, howerer, i t. , rrf4 !" t' f 5 lai I wc'f ( ."ij f Mi j U it,. 14 v ri'f i (.t.ii i r.r I'mI' in . t?ftn) .' mi M'l aa in!a. i at 5 f ft. .M' .Hrfp'm, . a i,tTJJlSSf '! v',-t iaf at ) awl. l-xia fwf r(r . . t ''frHO -j i a j . 4., 4 .. I t '-'-p r m" - J f I; fm !..,, tV t."' J rt a .It a I . all (l,.l".l I- , : I -it af ,,-. ?, ) . ? ri ii a -i . tt y f rt ( lii 1 1 ' ) tit i. I 1 .. ' j , fi ;, 1 I v a ' l. t a ' 4 iKt 4 a'at i t fl n- ,mr. i-tl.i la ," IhS lwat I tTLt Wttt . I'.mi l,f-4 axpo'4 W fi4a.4 muut. jr I m 1' fm"f0 aHty as aWa ra4 ta, 14 aUa 14 i , i. t Bm.i4 t.l.taa! U 1 ral4 In S .jaaaj a t4iuaa4 ta4 f a TS tm,',A.r,M aaf U ta4 '"f 'f ' km Ui'M 1I4 (iMiiwiil t J "r". f fa- r.U at IL i'.4 U aMata sn4 MfMH- b-.i 1 1 J a4 a J W il l.ftll aaawl r-aa aata,l ItSfS '(La I r, u Ha laa hupHlaUiitaf waiol"! tM ! wiy mi k a spawa vlttf taJ;, is IN aVatmd. . . . 1 1 j 1- js " "-i a-afiir a a'--n. f a .J I. L. I . , ""a aMf seari Pr aa pmtpmm, mhmk at tmmf aaiuaiWiOf a 1 a af 7 ! la WtaW "T , 1 ,T. : ., V,' tmrarl, lnaa( aWMMta M.M prW-ea a Li b wa Laval la lilai f aa maJiafVcUat at t liiai i . . ' ' I ! l'uM la U aa4 ltrtlj wfH li U'r! ti I ... .. . i . a. J ... I al"" .aji tm rajwa .... -am I . i .H lliij laf C--,.rt. sad L!a iiTJ!! "f - as aw we wa i (( ,,7 r4 l,,, I lacrl, IM fMJfitff, . TbM datatwlari) id Ili4 awmry ia) arak.af iirmwais is wbwb I bar al.Vrd, aaVlaafast lafft liM if deauta f lk saiMaai Usaka, ayy a4 s4 o slated is bau4M siajtaiaawa. p a fix aaf . aad prprrty, aaratrrtlWlUrl aa aaf saoalif , IVtl n was Mluw Sad fallMBMC la pnayW b4 ttrainad, eabra-4 aad impMeratHad by laiataat. aa4 tby nrr aaaUi t w itjalvd 114 raHlu tllakb awaited tlaMBV, I'laaVlvtH aaan tMala a ay !. tlk ( t)S crrd4 aystaaa. ' II aWtarad thai all m lrs4a aia Wa-Twwad aap.u awfM is WL" lie stutaad sad fmt dtrws Ua Baak 4 Uat I' a 1 tad Ktata. ad d4 Uwa tad (a)'a) apias tba tuiriaf all lUaks y bat rle ealsr, resirins; tba ptyaaetM fji lamia la spacai, Tbia fart wuaisf la snarcteata, baakara aad rasu!iat, wta With l trial tact af aalf acearfralMSa, If iatoaad iKeir sails lo Ik eorn.ftf avirna kerWadrd tbaw ra atatrr tailed is ibetr saaaiia, aa4 ra-acliuai aad ram etiaaaietKed. The TaWia Trraaar la4 Ui irpimM wild law U Uat kxal Banks and wilb Ua kfa ml be lie; tht) Miod abcb be ad rofl"d ap in cunxnafo aad teadit of tb coMi'ry, lb 1'rra -r aW W-fmiiH-d oj lb Prt Daak .yalrtn. That k proaaraad aliowU seawtt all liar ptjrpurstd Ok Baak ef tba hal ted Hula, ataaltcadad WMk ha ibj and dartjera. Wh.U Iba) depuatr cMMinoad s aeenatjlate, Uxas prvnuara sawoard M lb Sisr of fullllnvsal, nd la l'r aiat soacratalated lb SiUi aa bb o4ia saccrast ys4 tba rswetioa) ! oa a wonad bad a-rs firra to publK run(Uoc wbicb tK btaliitf arrwersaf Uat I'rf aiDt could kot rearb. frratuca was ao4 tale saar. krt and lb price declined tWl arm dnwaproper ty cbaned band at redaced prlsaa the Bank carud. rd, sad 14 Itrrsj ware leraaad t lb pa;nral of lbir dUa lh aWposite wem wrthd'aaa a fynbtr u tailiHefll was area aa rraa a of twtwf roiairad cooW'uc we destroyed buameas paralised, aad suav peihMuSi U lowed with all its Iraia id Mnkrsptcy aad ruin. The local banks ia their lura were diecanted dettosaced aa an worthy Uat cuotUeac td.lb Ott era- men t or people. Thaw bat wrolnafed rrssnf ill dif rated ;nd per atcioo eaparimeou a aacillatinr p"lic of wretcbad speetanMbs Usraj to pay off Iba pube debt and ia pruiect bom msDufactursa. CtatLiianr Biok tf iba L'aitad tdsttM at 00a tnumeni tnd MtUaa it do a at unenoatiiotiuaal kl lha ttsit creattnf high pre lect ia lario lo-dy anddestroyiiix a tomorrow sol. tec t in 1 sarcitis msaoe from ' wants of lb ponpie. rinmume, careeonj aad stimulating into UMdnaaa and II tbe Uaaksof lb SiaUA tbca dewHinein tHemtur tail in 1 to accompladi what ao rational bams; eonld b.rt r 1 arcled. Ta- could' nA rrrn 1st lha eichans-ea, and il was et)ii lolly lo aspeel that tJtey eowld with- land the slues, wbica 1 Buodsf sircumauacaa, beyond irierr contot, drove apno loam. Tbey were auotpelled to attapt-nd payments sntil time placed another erop in market to rrwnil lha balance ol European creditor and lo repair Inaaw at bom. My alUene in our local Banks w 1x4 im paired. Th-y bar suffbrwl with the country frnerally bei-a anfurtntvito parhapa imprudent but they ar the arms nf mir credit system, and with tbe improrrmanU sad Iimitatioea, tabic b experience has suf treated, tbey are eaaenlial lo us, and ought to be suataioed. - The Banks of this Srate, from coniparative eiaminata of their ctinditioa itb the Inst itulioos of Hit other States, stood st Iba period of Suspension, in fery htorable poyi tion ; and I was Impresaed with tba opinion that they, if any, could hava sustained tbeir payment Ihroojr'tmrt the pressure. But tbeir able awnairara, who knew lhair sitiiatioo beat, bcleed Mherwsi, and they Hlowed tha reneral exampler Tbe baveanin, with laudable alacrity, followed in tha resumption, and tww meet their payment In specie. isoon arter the ntepettaaun or tbe tunka, Uie irwia tures of afveral Htate were convenett to trrret, if pos ailile, the downward course of things ( and in aft-rd micli relief a circuniaiances niibi demand; under such rrtKH.laU example, and at tbe suffjeation of inn 17 retieclablo cinxeo, I deemed it dus to the peo ple lo stmn)Mi liie Courted of Mala to ad visa with me a to the CMirse which it would be beat to pursue, at ter tmwinir Hie situatioq of lite Hanks, and tlio want of the community a convention of tha General At- sembly waa nor deemed neceanry. 11 wss believed that no aaairtance could be attmled tliest inatitutions, consistent with tbe rights of the peopio, and that am ple protection was afforded the community by the penal cIsum of the charters, allowing twelve per cent itite- rest, on refuatnjr to redeem their notes. The sympathy of our Citnens wttb lite tuuurers or the times, even to the hunted lknka, i" strong evidence f.f their lilieralily, fbrboarsnce aud liehi-nunilednees. liemanda were seldom made, and or very inconmdori- ble amount Few were found, Khylock-like, to re quire the pound of flexh for the position of the D inks wss looked upon as a Calamity, rather llisn a crime. - The Bank of the United ttsteshinff been put down b one i'resident, and pronounced anconstitutional by the present incumbent i the local Banks havinir been denounced and discarded, no alternative, unfortunately. s left Uia President, but lo devise some new system ss the A real mrgtn of tha Government.' -Tli has been an- tawlataa. l the arses safer , tU ll-r.IH T'eaaury" M i aalttnja'tf srarlaianU. f ef SM ar If SKasal that Da aiV-r U 0 t'aitad rial am ap pral.aj taaf frrars(!y frwa) eJtf-t ara1efllra, l'4S frtaa) M4ftA4 fM-fA. Sad a ftlrlly Inaa May danw-fniar, wax r always lb aval fward Sad pa Law km. arpIirM (uf tV7. Tae awaas M the h (l Biaksa frwS) lk SJSl, k ame el lbs Wtlb alScava, Tbet are ttsrsetaxd f Ik) e 11 d Uaf ft!. Sad UaS lrbiul eye f arlf-mU-rrat, S) rria-ltMlif tbm, I raatB tir1r IM and lb aeMtfaafri of IU tUnit uf tha) Nate, aad frwn perl tataWrr, aad a tfj tt iM. tut s Hub-Taaaurf raa be arraaitAl, wnb bttb I uoU aa canMarMly ssl4 Si prra.! ha.i-, a ankaair fUaka. , Bot Uu Kaa-Trsasarr ssbetna Ssaat ovrea lb aaiahar of oCVr. sad th paieaorfa uf tbe t-rl tiuaersaastal. slrrwdf aaollr W-toa.1 all "Pr luarts I bar sa iasnparaU e-cts in arewf; lh ! af ih UanMial eprrad eaf u uir, s us coa Iral ef nynri, or power of ley kisjd, is yt mm av bsaaia, saanorrs and raeluns, or is lnOMnoe tmt IS t.s frica-. Wt b)Velrdy a aaskt wrttioart Sola is Siarnsl WMboan aaad - enltetVa-a, sad b-ajU af Cs ajaabaa 3aCn l lt tmtf putts SWtr. and BOV testers ,11 IM h'saUs l) lb7 lira a (',-.,!!,-. I t.av all. mj 'i I r 1 IK1 f sl .!'! if lli't J ' ' i 1' t I ' 1, 1 ) f'ftm it wtarthy ymir t:-'. iMi--, r , J ,. f" 4 at J"-ir MifiiHue. I l.e .' . t , , p-.rtti, i:,4t 1 iiwl rrat a l Hum,. 1,1, t iva 19 IK.Ui'j furtdrr l( I f l.'i''l I'i.'i t f I lata rt. lhal lha iitrjretira l-tarro tl.a I a't (aanaf lot li.rtarorrieot bt be fegui .ti J ,y , Twtf ttiut be ns e'xitrtdSinjf or diaen,,,,, , ' p..'f M UaS oi'''f id etlrwr trtrrniirnt. aa4- iMraj , i Mt alna.iy seen itur iimiiiiuoMa ar iirr 1 t TM ra4 af aVaia d laai fnt k,('.fiaa, sr' mmU,r9t f, hn b lh Wei suW x-nfiy t aareaOrr .k. waa W4e a-r-r-r. r-r-. a Sl d , . , amb-KS .their error. 1 i. K: . I T ey a 7 r ' la f-,..a avr , ,-,.. lal !a t Sil 'f ' ,.ra . t.J Wt" r,'!aa4 ,,. " :. 4 lU ' " ' r- ..,-1 it,. .,.irr Ut 1! ai. r.'a! a -' ' ' f,,n tf lit f -trfwaMt, I'-,: .a ta.il, iM , tnJti. Ita ii 14 la it mm af lha r thum r-rU4 tfc- "'!' liJi S-atinarwaiaaaf I 'iaOaarat Uxairtt, f.M la da an, lU i;.rra-l waiwl ta r na a2 a4 fj-r WJh fa ua aa ad t raafd Or1,,a, sVflard la aa I tmt'iA lat prarlmaa. M , Li bH lW ya.'H bsvC, !.l Ht at leaat lis a, t deep pee,,' . . . . .. . . . . . I . ltr M Ik ra'Waatf sad daitaa M tb Hr-at mt ) l-o " - Wt ! rraat) - ia rraa , t-est SS) aa ino foarattcr tory awtiii, aim m k tie :Mm4 la. t,,iars Ihry ifMd lha larrncr Ml scllmf sod f sserc'aaal la purtbaatnj cotdmoJities, and wi b.. pounced to the public un.ler the iinpnmne title of the M lnjlAitafiilaint Treasrtrv arul liaa ftaiea fieon rmun. Trrenderf to-Ctmgrew end s often tjeeW by tbat bHdyrp-l-mn,-n-'5' ?nil'!!P!!,'l,S tliouph 01m rxwed of a majority of his psrtixans. They f m ".""T6? ,n1' nn,,l we n" had the best sources of Information, and ample oppor tunities to investigate the subject fully.. It has certain ly been very elaborately discussed at two segsion, snd rejected under circumstances which woulJ seem to de mand the acquiescence of every "republican, who hold the doctrine that k majority ought to rule. ' But it is not submitted to. Every exertion has been made, and is still ma kin j by the immense Influence of Executive patronage to reverse this twice decided question. An appeal has been made to the peoplo. Tbe snbjoct hug been carried info our Slate elections, and Uie public mind vexed with it from the elections of our constables to that of the Kxecutive. : It Im been made the ttwt of democracy itself. Grave Senators and honorable Re presentatives bate taken the stump at election, at bur bseuea, snd dinner tables, in defence of it The cupidi ty of creditors has been eppealed to in support of it Tber have been invited by the Secretary of '.he Trea sury to protest his own drafts on the Banks when spe cie was refused, fn order to make them- enuivalent to specie, and availabls in the market, at t high premium. to pa custom house duties. i heuovernment hanbeen- dishonored by her own officers fi a petty reward of j profit on the) salaries tltey are receiving from her Ixhiii t.v The Iionorshie nieinbersof ('(incres were proiFer. od specie, by t circular of the Secretary, to pny-tlieir crmiptnsation. . Wilh such inducements, tnceniives and appeals, we) would not be sstonished to f?o the new de vice become the law ol tlie laml,,sr'atnBl tlie Ji'tus-ion- ate wWies ef the peoplf. I undcrstaad the M ImlrpoiMlent 1 reastiry lo mean, laai atoflSt no pitrnf raa eu;ifplu witbtnt j'tatap sreAerMKM. or think of rnrrswainf anW't aaw. Kan adeorsle the sctwmr, breaoa w it ooarttv. si will h boaf.l is tbt bxal IV ski, I nd tbat HI thetf anurr titf are aMaev.Wkal, and rinmd t rether. Am wt pf parrd fct tbt aW.miioa ot mi baoks, aad witk Wi ef oor trad and errprnV- Ar w wdlis ia wrtraeaa a ruaucl. tba saltje id ear royPj, af ont-balf is; rml Wmy oor Bank and wii) wilAeas I bis. or Uat buSiiUliag sllmUe af br'inf Strata toed by k-raiJB rapitsl. U't art sold tUl iht IodeprWul Treary wul ra- lajve the Kaiib from tbt sliackles of ar tern trade triable bar is eauUlwh dircl inlercnura with loreifa coaatnes build np ber ntarketsand sum the waul nouii m uut, inierest aun frwnsr. .tuvnmx wis ever more fallacious. IM its A artier fwmjrtmwt eriyinats it ub Ho vaaw.or i Uff aw sustsia it spoq such BvtiveeT Hardly, silrwesi, Tbet shackles of .Nortbem trade rd wbi. b w hsv IstteHy beard so ntocb, prooeed frorn canaes ot so ea sily overoome. Tbe Nurtii is much iitdebtad U s4 natural sdvsaUrea, but bt ewes nvws tolb liberal eta ploy ascot ef the credit system. This so bird ber st s early pet ind to eoenssence a yroeroo rivalry with IUie pas comateio and minufadurrs Tbat furnadted brr theawansafaliip-buildio; called bernanufactoriesin be 1 nf improved her Mvtratiow aad amauvctod btr roarta- and canals. The imprvveroenta amti re-acted npnn Industry.-fv facilities lo th fbrmee . secouf a re men I to tht mechanto. nd ee-ptoyoveol to labor af every descnpOoo. These ofijeets (etoept Com marc) were f r-tlv Caarred by the war, eubaequewtly by lb tariff, sad afterward by tbt raooe tbrown into bcreir- tulatint) by iht paymcnl of U public debt - Our coarse waa vsetlt diTereo' i our enera-ies were directed to Ih freat porauit ef S(riculiura lite. Al ways fearful of ovrr-bnkintr wt employed tht credit svvtem r no valuabl itnnmveinent Our trad was erifriiMlly ntoatly with Lurope. t Irere weshippetour prulaeu and received m ret are mnafctured foode lo npuly sll our wants. Gradually, however, our trade bagaa to a tn4orred to lb .ista. . 0CiT0 to fl;U that tlt-ra we could meet with bireifrn goo.1. im ported In Niathern vessrls and by Northern capital, which, added lo their own irwniifsctnres of rreatcrex tent and variety, and actually cheaper in prict than w had been importing directly, becaiix, tbey belter under slond th wants of our trade, bad apart capital, and could adapt a email assortment it our convenience. Hence Ilia Iranafer, but Ih North also consumes large ly of our raw mflcrial, whKb renders tbe trad recipro cally beneScial to ns. . -':..' : ; , . . ; Uur merchants are a eateulatin; and pain takinj c!sa, depend on it they bs mads their caknlattons in Jigurrt sad hod tliair proht in a northern over a di rect Luropean Cade, or the proaeot eta I ut thiols bad iwaer existed. - .- - - ,' The. City of New York poiatesses natural sdvanUres ao (frcaliy superior to any other port in Ine United Stales, that she has not only tht trade of tht South bat uf nearly all Hi .Northern and Lastern Matoa, in n ereater or lese detrree, " V : To bmld np borne markets ia ecrtainly hiehly dei- rji.le snd or primary importance, but it cannot bt e iected by contentions, .Their Collected wisdom may devise the means, but they tnnst bt sarb mesns ss hsve heretofore prndnced tlie Mine rrsnlts. Such as hsve enabled tli North 10 compete with Europe. Wc must extend the credit system; afford the means to erect manufactories, to build ships, UTimprovo our naviga tion, Apen cans Is and Construct turnpikes tnd rail wars to imprvvt and oaeour water power, and to work the mines of ores and minerals wnh which our Matt so richly abounds; and we mujttdo what is of paramount importance, erect Seminsiisof lueation, to qualify our children Uit bnttnr to improve xwr natural advan taires, to keep Uie children of Uie rich at borne am! avoid the extravagant expense and tht uncongenial habits which they acquire abroad. We must encoor- f tnat we can our bVetltreri of the North do, etny at home ourselves, except when profit or business takes us abroad, and ccsse to spend our time in idleness and extravagance . ' ... i We sIciulJ forbejr to.cultivata sectional and (reo grapliicjil feeling There is danire.r in it Itis enough, to keep the line of risrhu snd stlachmenls lttwreuthe StBtes snd Gnorl Gorernmont separate end distinct The object of our compart wlstrsde, friendly intcr courseftiidstrcugthof numbers j a'nd Ishmild lesm with refrrt'l the'incipiency of any measure that would tend to plant a bitter rivalry or angry alienation bet wean the North snd South, .We have but one peculiar Southern interest to guard, and that is sufficient to bind us to gether with chains oT adnmaat We look wiUi confi dence to U.olConslilulion for protection there, snd wiien that ftiiK the South is one man will know hovr to pro tect berjelt! ' "y , ';'-frt- . ;. ' A circulfftin? medium of Uniform Value, and in suffi cient amount, in the preat desideratum of our extensive and enterprising confederacy. 'It is thelife blood of the various branches culture. improvements more os.-.' secaaS ad IM li anmnor tli sWtrt I.I ir baa," sada-au-s very .'. tba -" af tb fraatrf at Uat CtaM4trti Sar ilk aaaaer. M EW area at lit aeeaaJy sad prpry stf rrltlJ Ih f arrawr-v. to at wSal M saay. A NrtarwaJ IV-k brvf iairr awaniaaaa by tkat seaaasa lltud Mafia rata, swssaat, ai taawaa. b rataMadwd Sttrta baj tars aafaee. Sstlras CaatH laaratl sa Kav caa U saaaaaaal ia furrt-d tht pow a a a Lark. I maVaa. 1 rTfJ lairw. TV S- reaaafte af h eaasaSry tv laar rP-4 attrb at U xilntital Htla iai. sad SdW Ibr Saisire aftaw naaat rali-Meaa-d tad tartrvataj steiasaaw, aad St fbl'y real tmM th essretatawa, a U IVwaala. tad Sa'd wjis sd U saaaatry. fttll It tmb-a)aadalhsla. irtf barasad Uas ta-saafyws. aad saad t baar fta all aajr eWrlaaaa. Iroaa theeb vatrJ ftsf Mrtrt t lb ratvtaUal Sad yet a Wepre-ard lh rtawMry wnb Its at Jrfy and xrra.nr. U.t drp Ua a.!arf y of lb 1st rrrwdravt. who r raryar a ST. SI w rr (Ssrured is (Wrra) bt Wdrd aaairtrrta-. aad i-ll a tier OS i U tU srsrr. . Tht raiitaliiy Ms rata Mrahasetjt saasaas is be t tassatans awstf i bs srtllr!. sdif U wraaWiurk-rwsrIaryvasB-e tr. tad lU s-a; saiad a anted and rWarbed by th SHatvirsr4aUas aad arUslnsw af carrasl sartinaA si axy w!l bt antral asved wbrtbar Ua sdraatafe af sax. an SMtitsSasx, bift.ly M I ! lt Mesa, sr sot csraalervaikdL bt th tusseraarr aaaw V wbark Us eoerair baarly praatrtaUtit l'a4YSweli cux'rl tarrs, ttb Mt tataTwaleamwry.Sad atsr txeaaaaarwaVnend. with la botw af aetata b tha ( I 0ernawt. bscosaessar d4y it stsweb o4 t at4eU lor Uat N- tavSMl Bank. if avrlartncwa art wab Uat Uiaks af Ut Sums snd I ak your attest wo, aad fair tMM cjaosaleraikan uf ray raaaiaia. Thetr peraaaweacy w an ssipartsjal rt- CMtaa-.aatataat, Tht irat cSaartered Daaasai th trasav trt. tt T axaatawr Sad SB rvat jrtdrr.sl nooa. wMbts) st'ariedjrr, td raapecUU susalaa busier sea nfusad r-cUitar, whes ipjt nattusati pnlHara bav sw ssiterad iaflarrir tataewect.aad Ibetr contract ma and eipsaainai CM sspvac etEct Ihe businea of the Country, lik a NaUaaal Bttk of lsrrt caiMUL raifraf in ansa Ktstca. A ecasdmbl rrkaravatioa, alteration aad itprme txwt srooid bt a eea ry bow erer, a order a aaa V llw local Bask meet mr sie-wa, TVr are, at prwiri. in, siwerai . their cspf ala, g etaorslly, ba sutslt, and Ua taratty af UafW note so rreat, tt M alianst isssaiaii't W mt aposi lb irvsory. lias character ef tbt at jf, tares aad sif iMHtaawso a tasvotd th daorr of forrertera. Boasaoi Uteir luestion ar inosnvenarnl a draoatiatea. it will mevMablr U-ad it rirafr aad diaasliatictoa- tealuaaieav and ssor than all, U t aVprecistajn 4 Ute nswr's af lit rejected Banks. I propoae, iht, that aur main load tht wsy ia tbt ret wss ot aar Baskutf syiOss, nasi r saect falls trcnramssil tht charter ( af a Baak with a cspiul of ten kiIIksm of dollar, allewanw lb txiatiwf Basts 10 sosacrion an umr casual aaoca saao k. ta remeiainf stock ia bt taken by mdividaaU; wis Uat ds tails af wbicb, it in not now m crsasry to eater. TV StaJt In traitafer nil its Muck and hinds to iht Hank, and lo idler ita service ta tbt) Federal G stem men! at a tVpnttlorj of st fund tb tafcty aotl (artbeornint; of wbark ia tht) kind of naooey deposited, to be friniraotrew by Iht Slate ss auc'b manner at shall a aatMJactory lo I'ae GeorraJ Go- rtrruneof , and in the event of lha Iwma. bemji uai skt to ronrt tbt payment of flat oVpria of the Uooeral CWronasnt, tha State to issue rock f fat amount ia favor of Iht (loreramervt, beariof ft prr eetrt. interest until the Uuik is able to resume (ay merit. For these services rendered t tbe Gcn tral jorernment ib notes iwruod by tha Kink to he received iq pavnte-4 4 alt ttsduea, and on the firthor roodiiion tltat lite u ber Stasia prepare their iMnka 10 like manner, aod for like purposes, na ly, That each Sute and Territory aha It eVtijoata by law ooe Bank, aad aaoe iT Mt trad and tncrs- tiea require it, of ca pilar tmt txeeeding ten, nor leas than two roillton of 1)0. Lars, aa its own sje potarry sod the tii-posttnry of the General Govern- nent, and if reouestod by tlie President of lha L oi led dates other Caola lor thai purpuac ; a accooJ iMuk; however, Ml na case, lo be chartered or de- sijnaed until tha capital of lha first, which shall he ths maximum amount, shall be entirely taken and st on to third, (uurlh aod CAh, when aeressary. fht tutes of an tho Dartkt thut made drBosttonet, to ba tngrared oa similar paper and la rest-mole each 0 Jier as nearly ts ptawible. Each Stale shall designate 10 Congress Uie nanicular Bank tendered aa a deSository, ami th acreptartceby lha Gt-neral Govemnrnt aha 1 1 he wader aa act of Cung raa and nil . tber? interroarae re-'ilale by law If anr Slate rettses or nejlecl 10 cona mto tha arrange ment the n'My collected in such Stale bj the Gene ral Government shall bt Irarttfrrred to adepwitory m soma ether Mate, nor stvail tht money co,!ecled ' in the reicsinj btata be rccetTeg m any Ibmg but POin. 1 ' . - Fhus fosterdd-austalnsJ anj palronizej by tbe General Gwamroent and pisrded by the supenri ory power of the State which guaranteed their f lelity.thean itcgitutiona, I h ive oi doubt, woul.l af. frd at near an omformity of currcnr and of ex change as by aty possibility caa be arrived1 it. j - Jaidcr auckhutaaiarliata. Ian. caa.tal.aU xouU be induced to invrwt tlicir funds in s ich stocks with alacrity an! tmifideoca. - And the note of Ihcsa Institutions frni cirwlatwf?lfiTfy iO tiipp'y the 1 a4 atlww tbem la U Uss sport rr the vk My frwrr. The hold Ihrir rights niMr t ., ssnst sacred Cirrsnlie by wncb ir laud 1 ' iber pruparty ss held, and any lutai"n of tU slaiuidba prom pi ly and iwli fttt ly a wtwj. TU j aataai ty4 U anada tha louts ef party or tht tir t, , tf awaaape, and hrtsara I woukl hava tlirir m. srrcoai'se wub Uat Governmet tinctly n-fiilsted bj raiMt. ' I bsva It roiled tha capitals of litest Dat.kt at ft 4 lean ihia Iwa or rnor than tea niilimua uf d.,!!srt. N t tor Temiiirt will tequila Icaa lhaa tit aaiiNsautsj and km a.KaiU ttcced lU snancuis aotutaas. The otst w brg enotfh In insur rt aparubtliiy aiad waefuliteas. Tha other CajUJ hA rtert auch poser by eirrtractioo or eipabsioo of tiaarvruais as scrajualy to affect Iht business of (1 rota-airy, oc tbt talua of property tnd guartSedtvi mtrcied, a I hart prjJ, iherfl ooujd U hod.iv jrr la Ubwiiy uf tha Uno. . Tha rcspuaaiUlity of tba Sialc It proposed order la aikrd lb must iMtqueMiuMMl aocurit; i tb oVptaMtirs ami aula tedders, and to rsmovi C dtstrtss frwca tha GaneraJ Guvernmeot that it an; tta bract lha prvptaniioa at onrt) tnd'sct that i t. InclUig tjuaaUM (rever at rest. ' Tlie St ite w... J mrwr no baxard ia their f uaraolies at au tUuk af reapecUbst stxa haa ever feuled to pay drpoaitc U man, bowewr Umr stock b.4oVr may hart hrci Otst lha Butt at to retain) tho su;rvisin- poMi and aaay ao ritrcist M as to make her security u pertec aa she derea. In cwijaiiirigwj.a. bav esea) Mmtl of '"lb Butet promptly coom g tvarward (aa Ibey should 1I0 when any impurUrr) sv tortst ta latrolvtd,) to lha relief of their Dank by Ih luaa) of tbeir eradil and furtdn. - Premruua, bowevt r, it belter than euro, and Um planpropusr- wvlt, I think, obtiatt) tha caiaatroplM. Tbt jrur aoty bavittg beta given, lha lawiinf of tba stock merely poiou out tha mode of suttleruent in cajeuf Ciihjrt, aad ailsr all it ta but a ftnancial arrtns sueal, anving titna to lha Baakt to wind tut their allaira, tf aacasaary, and prutacting lha pwopit trorn a rtptd aad ruiuoua preaaurt in tha eolleclioa tf iheiroVbts, ' ' ; Tht large, sine of iheae institutions and tht to haocttl value of their sssuea would soon drive out of circwlalioa tba notes of tha letscr Bank aid compel them ta wind up by limiting thmr cirtvls- Uua and raturaog K 00 tbem lor tpecia. ; Bo that ia tht rod the grant evil of numberless small Bantu with Intaifficient capital, would bt reruedied, ard tbt whole number of bankinir inslilutiorrs ia tt country would exceed that uf tbt United 8ti tunk aad lU brairbea.',' , . THE WESTERN CAROLINIAN. '4- flAS.assn: . FaiOAr Etrajittvo, Dccsmbki 0. I93S. Tik GoTaisoa 'a Mkssaok The great len'b of ihia docuraenf 'prevents oar giving it entire it this week's paper, it shall he concluded next treek. A careful reading, aod mature reflection lias wi ry tended ta confirm the opiuions which wt pressed ia ocr last, in relation to a part It tf firda os matter of rerrtt thnt Governor Pu ) baa furnisheJ to the Legislature any material f" political warfare, being aa it "is, nearly equa!!j ha la nerd ia party numbers, we hud hoped li-it the ditAruftont of political strife would be avcru J from their ewincils, aod that their delibcrstien soulj be fixed, as they ri"titf dlr oti"hf, Boon pi i foe the proriKjtioo of the Slit te's interest , at it is," at trout that tha important crisis now .evtdeui ) present, will hart tha effect of restraining such un profitahle' contests at tome are anxious to h" f about 00 federal politics, and nf concentrating th"1 united energy in the great cause of Inlern d Im provement : so far as ths Si5g relatel to ifm subject,, we commend hs spirit, and warmlh hw' ever we may regard its recommendations particu larly. The subject requires a liberal and palri cimtLLfiTuin A'w.iifvil ' if..a',nai.n:ni .r ceeti''l partmtitirs, and mistaken yiewt of contracted mate ues of ihe country, I muhl . V. - . 1. .1 , - . h r nil!- tliecmlit ttcwMthewi wwH'TT '. . "T?' t,m andextH,v,y a, toatde them I " W ! ' f" f r nmountt rreeessanr for all the le;..i a crisis m her nintmra o. .7 9n ""' . , t An increase of baukin? capital in our own Sratef is certainly tiwrawary ! ineet the wants of indus try, aud to perfect the works of impmremeiit al ready com me need, to say notbtnj; of other works equally necessary to be made. ? Cut unless soioe arrangement can be effected ta Concert Uie tnnata ral boitility of the General Government itio fa vor lo tbe State hanking insti!utioo; vou mav char ter Bjnks, hut capitalists will not "be. iiiuctd to hazird their means ia the stock. 1 " v To borrow money, as some of tlie) States hate I,- !. W au-rfi .,V a the future, what it to be her futc tho leJm ana over-cautious noliev whieh Ima i lonsr c U't- -. r j - B actcrized the deliberatiens of her Assembly n"'1 give place to more liberal measures, or she it N'-, Tbe puUie mindis now prepared, we be tic ve.f f bold, and decisive action, and if the opportunity wifiVred to pass uiiirrrproved, a lime equally p ?!" tim iir not toon return, ihe 1 subject "a -hkh " now matured for action will become as an iHe ' f "oft told "and mnm. !il,. wC,w.i;i;.,n-lni!. ') 1 done, in older to fumish capital for iVir Hmka, is 001 indulge in gloomy anticipations, our 11- ia .1. p . . n . . ... . . . of our spreading industry, or our irn..'1' " " v iwin; p"oi" eriiignieneo. and patriotic, ami c r commerce, trade, manufactures snd internal j nf,es mnnt i become iittcre lf.ed, or their sphere (or mueb cood, as the result of their tfweid di--, or every description; snd is renlered 01 use.u.ne od l'. iht Ifsey will find .aratkma.-aben i -;.k rnm n ..hi In m.. 11. L. L. Ik. a.ln.l .r .. IT.. t ...,r .1 : I"... t . ' i. iivu wi.ii.n- ....... .v ..... ... nun ui wi UU- l Ml.liHl.KJ1 II IK a. UIWMC1K tvl L-IU mil 0101 ion, the variety of our toil and climate, snd of our ow. !.- .j,,;. i ,d their n.r,fiM ;! t I M"n fM co "peration of the (.overnor, ano pie dtflermij almost at much m wants, habits and u- u smtlih W The miim I hve i1 .. ,t?Kmlle.-Vl ners. I his all important circulation, I Spprei.end, can- n . of mnximi ! be, more l!i realized-that 1' , . vn,v iwa viuvot ass ttiv IIWJI 7 a I" r t 'M.a. aS i.hwu lll V W" MU IMUirVt 1111 W ., ' - t M a, , Federal Government, eiterted either direetly in the e-- ,,nn "i100 80 ;l,r,ca!e "I il.imrv.rt.int f il.;eCt,;'fTC tablishmcnt 'of a National Bank, or indirerdv iind-r nJ U lT-r.Js ; ei.'y pr. I i: ! ::,i wl.ich l.i d.irk pwper regulations m tavor ot the jJankt or t.ie Sute, occurred to mo ot exirii-ati. n i.-v;t o-ir L:u".ef.il W inke,-.the luit of a!! Ur si .trr Stat in c
