r I I U .All II 'I ' I i on- mi v n'w, mh )'Ki,;,.i ni i i;d y ir to hid m v i t , auk un.ivi n m ins: i t:s ubitcnv i i.v, t;t i t hi: ri ) i.i.. .4 austiN .& o. r. risinzu, I'JHTOHS ASl I'liOrRWTORS. NO. XXaII, of vol. : so,-rnou couvr.xci::ir.. r SALISBURY, N. C, JANUARY J.M, 18U1). -Til K T I ! MI SCULL VNUP IIS . A TALE OF TUK PASSIONS. ulfMiio Jomelli wus tho bet artisan of his pro-,-ion'in Naples. "a wa9 a W0ker 'n bronze, a 'j.Wtaient ",- the arts frr, which the Italians have Li long celebrated. Antonio' skill had gamed rep,itatiiii and abundant employment, and from work-lp had issued the greater number of the fin(iolabraa and other metallic ornaments to be fooad in'!'8 pulaceaof Naples. ,, The bronze-work'-irniwn rich by hi occupation, but tlio usual umiiantorichw hejindjescjiewcd,- "tu (till labored away at bra (trade, with his own 'Mnh mImmH hi pcrwMiaUftentiimchiolljf tothe !mtttvl more difficult articles which ho wa 'r; quired rf fabricate, while men in hi employ manu facttired, in large and separate workshop, thecom ',non Erticl9 of the trade. ', ' .'. One evening as Antonio sat alone in the little "doartmcht where be pursued hi labor, he wa in formed that a lady wished to speak with him. lie dwin'd her to bo admitted immediately.' The visi ter was a female of tall and stately jforiiiand car. "ri.i,"itiYii dark thick veil'thrown over her head grid face, so as to prevent the bronze worker from dincemin the feat Ire beneath.. The lady.Mor t iich hor dress betokened 1 or, to be, did hoi speak until the servant who had admitted her hud left the toom for Bonis. moments. , Turning then her glance from the door to Jomelli, and seating herself in the cfuir which he had placed for hei, she said, in a voice' which her hearo thought the most sweet and fltfilliftuous that had ever fallen upon his ear, but " wich seemed strangely agitated, considering the common-place matter which U uttered, You work in bronzeryou can make bronze ornaments of all kinds! Is rHo?"v" It is, lady," replied the arti- ' san, " and I shall be proud to exeoute any thing of that nature for you. " Yes, yes," said the lady, I wish a piece of work done.. I have a atatue of 5 real value the statue of a tonqueror and king one by the hand of a first-rate'sculptor. : It U per feet in every respect but one: it wants a chaplet " f ftnivers hr adorn its temple-; and lfais U whall winh you to make for it." " la the statue of bronze, uailam?" was tbe artist's question. KVieplind the lady,' " it is white, of pure marble, and you made it" " " What form, then, lady, do you choose it to be of?" said the artist what shape or pat tern shall the ornaments' have? But, perhaps, I hi better see (he. statue, and measure the dimen " "jBonrof the hcndT'TwiNo7ho,'r uicfarniodtIie visi? ter hurriedly, " it will not he necessary. ? I have " looked upou it so often (bat 1 can tell you perfectly well how large it is.. Your own head is very near & ; yes, ybu cannot go. wrong; if you fit the chaplet to your own head." ' " Aud th fashion of the orna ments, madamet" ' Let it be heavy, very heavy," replied, the lady, sinking ber voice to a concentra ted wliiaper; v 44 let it be very weighty, that it may not fall off easily ; and make it jagged, and, loll of iiike inside, that it may adhere to the brows of , Joe. statue-" i. liiMUr ldy, ; .'ih -mm-should be Wrought in some ornamental fashion," said Anto wo. "Do that as you please," was the ladv's re- ply : . bul remember,' it is lobe heavy and full of a;)ikcs,ind torgct not that it is to be painted white, w as laresemMe fluwers. And now, when will it be finished 1" " Oh, in a few day, madame," said the artist. A few days!" cried the lady vchft menltyi rrstrigTronTfier chair at theMine tirne ; iriliust fig readytM hiva it to-morrow!".. I capn4 do justica io the cfnj)kt..kdy,1said the bronze-workefyastoMHhdd W eer Vih;nco of tone !'" the- ornamental --nart " " 1 care not for anv ornaments waa the hasty reply j make it a I have directed ; and to morrow 1 must have it, because because I am to lue pirty, and wish tho st ituo to ba then orna mented." " Well, madame," said tho artist, re- I -stpidlyj-t thaft tftf my 'eiideavdrrAhd whirtier w!l 1 have tho honor of scudina it T" " I shall H l;r it myself at this hour to-morrow, andshall piy you whnt you will fur ii. ' Remember wbat hire aid, heavy and set with spikes." With tuese words the Indylopartcd, Waving oi; JTumclU'a) tlie imprcwiou that, fanciful as many of hi I ncr employers had hton, this new one was the .-w-si nightly of all. ... : ; . .v. Oil the evening fallowing that on which this sin gJ-ar order was given to the artist Jomolli, all the ft ! m-v and fimhiotiab ea of Nao es. and not t:u1I part of (bo populace, were on the move to. wnrds the splendid theatre of San Carlos. A piece great interest was tu be icrf)rmed, and the pn " donna, who was young and beautiful, was the lmsit6 VOmUsI filnimrn ll.rinn. Tl,a lu,l ka.l ,t .lately been appointed to Jake the partif fhief r.ana Dud therefore snperaoded one who had formerly iem ler-acknowledged sujH-rinr Ma 'U'neUdmbrici.' Considering the comparative hu m'i'iion which Madarno. Gauibripi bud endured in eyes of the Neaoolitans. it was mil tohaKnn f'fi that she would on the present occaion nmK" ''fr laraoceiii the house, B'lt frw kne the n'il character of tf.fir former favorite. To the "foiiiihment, and we should udJ, the doliht of the iience. Gniiihfici attonded, us if (or thejtirpwe -.... uiu mo merit aim jfranug uie tn ' M'h of i)q inimitablo M.irina. . She apieared in 7te 18 mo9 C(,,,,iP'c,,,mrPart wf the theatre . ", corner of the upjw-br wcrhanging-tho . ,. - ''..., ' - Vx the ophi tramfiicuced, Ihi'audronce call.' fJk-ut llienanio of their former favoritPftfirchrici, rheerfd hor for her suimi.ig freedom from jmI- ;4 bt'ing pn-Kciit on uch an occasion. The 0 J"rt of then atipniion, however, appeared to be ;Jll!!cd by .the plaudits she r.iWd, and moved not muscle in reply, but, half covered by her ve,, fpth coinmpiicfnf, tlie young pnmadonon ap'ared ; J(thQ cheer were long and loud. .'Manna had s ' J"''n ovep -rraisrd, either a reg,irtl(!d lnr (rr. ;a r pt"rSirmanci. Kvery step which sho tfx.k rithe elicited admiration, for her move 'J'is were like thone of a sylph ; every tuie which " UttorcJ drtMy fv,r, .,nmM". fur her v.iire u-a "vJ't .and strong as rhiUmrlV In every s..(1J ..fi "Pi-d shf! W!l SlIITi' ,-filt. hill nttp-ll,.'l n.l .! iii'iii uerf - ,n. n. i r . ..,! ., ' .' J v '''ii;i i! ID ixUfth,. ' : ' ' . 1 1 1 l one smiij, dure irnui tit 1 1 ' i , (ur! -r. , v. . ' ! i ; -H r. i'j it tin' oft! . ' i '1 I the third and tat, ami, in doing so, changed to stand immediately below (iambricr box. 'Tothe delight of the spectators, (Jnmhriei ruse at that moment with a large crowiiof fluwurs, and waving it in the air, threw it down on the the young Ma . rina' dead. Tho crowu bounded from the singer's brow aud rolled uloiig the stage, while Mariiia her elf fell prostrate on the boards. ; JSbe live one Hcrea'w, and neither upoke nor moved again. The 11 wer covered crown or chaplet -was the heavy ; bronze one made by Jomelli, and one of the spikes had en ered the victim's brain! , ' . It would be iirHM4ible to describe the confusion, the horror, the execrutions llmt ensjed Oauibij; rT:t having gratified her niulighant revenge, seemed ' contented that she should pay far it with her lifo. She had slain her rival, the unfortunate Marina, ahd was satUhVd. 'Dreadful must those passions ' have been which could prompt the execution of so Unhallowed a deed. Looking aruund ' her. with calm and reckless indiflureuce, she did not make the slightest attempt to escape, end was forthwith seized and speedily brought to justice.- Antonio . Jomelll was confronted with her for form's 'sake , ami avowed naying nmde her the ratal wreath It bus ontyTO be"added7that she did not die on the acaftold, but put an end to her existence by poison, . in the priaion where she was conliucd. y - , ; ' THE FIRST STATUE OF CA.NOVA. ' Translated from the French for the " Southern Liter. ry Messenger." i:-. r't .vV. '" "- - " .There are, doubtless, few of "our. readers who ; have not beard, mentioned with honor the name of .the great Cinova, that skilful sculptor of modern times," whoflBUdifiirable afaTues have almost taken Jlrank amongst the master-pieces which Grecian an tiquity has transmitted to us. Canova, like many ' other great men, Owed his rise solely to himself. Diligent labor -was the only source of hi fortune, , and the first attempts of hia infuncy presaged the 'Success ot his mature age. 'yi Canova was an Italiun, the sonof a mason. All L the ed ucat ioa - which 4m - received from brr ft I her 'consisted n learning the business of hi trade. "At ' soon a his strength permitted, he (earned to ban die the trowel and the hammer, to mit the plaster i. i ... - 'i .... ii. .. ..........I ........... ........ .mMm wpwett in gravet-fc-oeetipaTion wnicrr no pi charged with sufficient zeal and activity to be soon -able to errc as the journeyman or rather tho com pamon oi ins miner, noiwiinstamnng ni youtn. P l . . -.1 a But in the frequent interval of repose, which his wthiknese rendered iinVpensaMe, he amused hrm self by observing the dilTorent objects which he taw about hi(n-"with sketching' them roughly ; with brick or hard stone upon the wall against which he Jeaned, or eVen with inotlelling their, forma in the plaster and cement which he had just mixed. Thesa constant exercises, practiced with as much perseverance as intelligence, soon rendered him fa miliar with lh practice of -drawing and of sculp ture in. relief. a But hi youthful talent was un known to all, even to hi father, who only ienncerned himself, with his grentcr or less skill in passing th ' plaster to the sieve and io pouring enough water into tne irougu. . .. .- . . '-v.- . A whimsical event suddenly occurred to reveal It to all tlie world. ; r" " ' - His father had been summoned .to make some repair In "thoountry house of a "rich lord of the : neighborhood. He bad taken his son with him, - according la custom, tar act as hi journeyman, and -.-tligWe eamsge -ot the- tittre-tanova noon pro Cured him tho affection ol the chief cook , and of TlilobBis ... pantry, where he executed in crumiM nf bread tr ; in phister grotesque figures and caricatures, which ; delighted the valets, and io return they fed him in , the stylo ol my lord. , . . - . One day there waa an entertainment at the coun .try house. L'anota . waa. iatba. litchenr.pla.y ing with the scullions, when they suddenly heard aery "of despair from the pantry, and saw the head cook coming out in alarm, throwing up his cap, striking nis breast and tearing his hair. - After the first mo rnout of astonishment, they crowded round him. I am Inst, he cried, M am lost ! My magnify cent master-piece ! my palace, which I had built f -r the dinner! see in what a condition it is I" Aud with a puthotic gesture, he show'ed an edi .fico of piiKtry, which he had1 just drawn from the oven. Aims, it was burnt, covered with ashes, and half demolished. There was a general cry ofsur prise and irrief. : ,. ., . j ... ; "What is to be done!" demanded the cluef - cook ; u. here is the dinner hour. I have not time " to niake another. I am lost I My lord expects 'for the dessert something remarkable., lie will Ium n.A ftM-ftv I " ...... J . , During these Inmentat'inns.Oanovi walked round . tlio deiuoliy'ied pxlace aim countered it with altcn lion. . - . - ' -. ... Is this for eating V he tnorcd.v'"''v''".''"1v,!''.''." " Oh no, my little one," answered the chief cook, " it is only to look at.'- - .1 " Ah well, all is safe. v I promise you something ' tx'tter than that in an hour fiotn now. Hand me that h i p of btifer." . - - " i.Tlivt y !i'Af riJiijiJuuZAul , !Uit ' (rttflr hi If 'nuadeil by his boldness, gave him all he wanted: and of this lump of butter, Cunova made a anperb lioi, which .he spriuiikd, with, meal, mounted ou' a ; petiestat ot ricn a'ciirecture, auu oetoro itie .a- pobred h'Mir, exhibited hts tiniMied work. to Ihi' wondering spectators, Tlie chff co k embraced him with tears th his eyes, called him hipr'erver, and hastened to place upon tho table the extempo TanoTMH master-piece of the yoiin mason. ' ' There was a cry of admiration from the guests. Never had they seen, said they, so remarkable i ? piece of sculp'uri. They dMnanded the author of it - 41 U nilitless one of my people, answered my lord, with a sati'ied air ; and ho asked tho chief - cook, , ' IInjblushM, st iinmered, and ended by confessing what had happened. :' All the" company wished to we ilia young journeyman, and overwhelmed Ca nova Willi rai!S. Il wa d'f itod at once that the tnaxter of the houwdiold HiioinJ t,he charge of him, nod b lvn him g' through studies suitable to his pre ClM'iooS t .! nt. Tiiey had no cause to repent of this decision. We have ""n that Caenva knew how to profit by t'm e.,ons of ,is nmters,' bm he toon excelled. N.-v. -rtheh in the iniil'-t of his e h ornjt;e wu:J t itli i i!.. 1!,cr:i. I!i; ii.tvui'ire i. int'-li.iii '.tor, a:. J a4IJ !,.? .v, vory i r:V t'..:.t it l r been melted. " I hor(e," he added; " that my later statu? will be more solid, otherwise my reputation runs a great risk."" ,." ..'January, 1S39.' ; ; 1 ' From, the AWuns Intelligencer. ' The annexed letter from a gentleman in Phila delphia relates to a lady whine arrival in our coun try has been recently announced iu the New York papers, and whoso name, lineage, and personal merits invest her with great interest for every Aniencun. . ve tioiie we may consult the grattft. cation of our readers Jby giving publicity, to (he letter, without oll.:nUing the dclicucy of her whose diaracter Jind attractions tt so eloquently extols. ... ...... ' .. . . .. , . - PuiLADELntu, Dec. 29, 1S3S. The cnfiositji of this city had been tmich exci ted some day ago by account of a remarkable y oung person who was attracting great attention in New York, and it baa now been gratified in the highest degree by her appearance here. He fore I attempt any description of her person," I will give you an imperfect sketch of what I have gathered of ber history, and a very touching one it is, re plete with unusual interest, especiallv to Americana. tier name is Amf.kicts Vespucci, t daughter of the illustrioiisbouw of .Vespucci, of rlorencot in luscany, !. ft or ha this name.bi cn indiflerently given to her. - She is a lineal descendant of the great navigator, Amerigo Vespucci, after whom thi country has received its name of America Since the time when iho name of this renewed dis coverer was raised to so much distinction, (he chil dren of this house have borne it uninterruptedly, so thatjhey rosy heAaicriciu in a, very lolly souse of the word. The lady of whom I speak, aud who is the first of the family who has honored thi eotn- try with a visit, is worthy of every eulogmm, both on account, of the dignity of her character, her in tellectual endowments, and a degree of personal beauty and grace that ha given her celebrity, such a few of the noblest Tuscan dame attain, V ... . 'And now a to the immediate : niotrVe Which brought' her, young, beautifulr'and'alohb, to1 this country. . Mio make no secret of this, and the ac count she jrives is corroborated from the: hiuheaf sources. An enthiisiast "and connecting from the i-j!i..-t-? ":t.tt'' t-i- a'-s" ' ...r l eaniL'Hi momuni mo Hve oi .nooriy wuu ner own cherished name, she had the misfortune to give4.tathe estaUihmentf Nalioillnstitilionr but -h,- - ' "-".I " " ' t i ronce hriha sovereign authority of Ber native coun try. Neither her aex, nor her youth, could prevail to except her from the "austere judgments which. aHrrfltTtme,"TolropGtt'rGlit!cW waa banished. Turned upon the wido world alone, and with the most limited means, barely sufficient for her honest wants, this rigor, instead of pro trating herr roused energies within per she had been unconscion of.' She went into a world, then strange to her, undaunted, and her history and her unpretending merit opnned all heart to ber - This occurred about four year ago,. Since that period. the Court of ruscany, which has never been a very unrelenting one, has given her permission to return home amin- ---.:-;!-.;:'..-.' ''''"- No one who sees her would doubt an instant of her unquestionable respectability, but this is put beyond all cavil by the testimony which some of the most noble and honorable persons in Europe have given of her character and conduct, and of rtbe:regard aha has inspired them with. I have been told that tne nueen ot francCj one ot tne moat virtuous and discriminating personages of our tTrmTTi hsaWrl teRt'i'tff rfhe?fa .itJ wid ihatJiheJa addrssed44l niHelmtw Mteetionof jnvxcetlericy.Ml EofltolSilhe f rcsloit' pa9tmit4iw cmimrpot tha-wryfUTC shall act ro'icoordahc with this fectionate and cordial manner in which the ladies who take the . lead in society in this ciiy havo re ceived her! the unwearied pains taken by them to assure her ol welcome, to minister to her com forts and enjoyments, is a sufficient proof both of .their couiidettenU discernment,- I ought to atop here, and not attempt a descrip tion of her person, in which I shall certainly fail. At any rate, I shnlt venture a few words; . " I met her first at a' select, .dinner-party at New York, and I confess (was fascinated both with hor appearaucsrand deportment. Sho is about five fuel six inches high, and inclining to be stout, but car rying herself with so much case and grace that ev ery portion of hear person seen to be in perfect harmony with the rest. She is about twenty-six years old, and when her fine intellectual features are lighted up, and those dark expressive eye (the window nf her soul) are beaming abroad from be neath her ebon hair, crowned by a gold Tuscan Beretto, and her rich embrowned skin placed in contrast with her black velvet rube, most exquis itely adjusted to her person, she stand not in need of a ycrywe uighil jTuT maiHierTblohTlcd ith much aflabilily.jndeheerfhluesa, la niuka her one of iho most attractive persons I ever'saw. Her conver sat ion reveals a cultivated mind, familiar with the history ortier coiiiitiVahd her port lolioofXItrus can and Grecian Vases, drawn by herself, surpassed every tllort of tlie kind 1 had oeiu Uut the his toric interest with which this lady is invested throws ai indiscrihablo charm around her.. You feel all the limo s if you were jn company With a living ncawn -of ATncrrrtrtiifTCedTTtTio couia have expedited to see exactly such a person, and under such circumstrnces, in a country which d rives its name from her ancestor T ' - . Discowry of Mummiet at Durango, Mrtlro. A million1 of. ,5lu in mics, it is stated, hava lately bwn discovered in the environs of Durango, in Mex ico. They are in a silting posture, but bnve the same wrappings, bands aud ornaments of the Egyp tain. Among ttieni wa foumf a poignard of flint, wjth a sculptured handle, chaplbts, necklaces, Ate. of alternately colored heads, fragnicnls of bones polished like. ivory, fine worked elastic tissues, niockasins worked like those of otiV Indians to day, biiics of vipers, if. It remains to continue these interesting researches, and America will become another luypt to Antiquarians, and her ruin will go back to the oldest periods of the word, show iug doubtless th.M tho ancestors of tlw Moiitezuiinoi li ved oti'the N :Ie, and that their luxurioun eivili, itioii was broken up and ovorM)wered by the hardy hnrih's of Asiatic Taitars, who caine down from P.eiring Straits and tii-; U-icliv iiioiitit.iHis. The Irenes of Ait i la and Ahinc in llmne no l tlrcerc, u re re!, i ar-'t'd at an earlo-r d iy en th! !tores ft iiiv.n n;j I iho !! n:is i.f M.-x 1 1 1 4 ().,!;," "A it f th us alt tn'-'i'i'' . . i what I- I (..fern- b.ilmment was ued, or whether it was nitrous do. . positions in the caves where they wejo fi iiind. -A fact of importance is stated that the shell of neck laces are of a marine shell found at Z icateca, on th Pacific, whore the Columbus of their fiirefuthtirs . probablv therefore landed from the Malay, llnulos lan or Chinese Coast, or -from their Islands in the Indian ocean. iV. Y. i'ee. Star, , ; - ; f ' ; - -11 ' ' ,"'' ' . '. J Jlilll.JIUi.Li4!.U JL LOLiU !l ... TO THE FREEMEN OF THE--- '"; " -roUUTII COXCiRESSIOXAL DISTRICT , GK, rLE)tEa : Circumstances of a private nature prevented mo from visiting all (if you, during Jhe ' recess of Congress, and I take this means of coin. " tnunicatiuff with rov constituents on tho state of our ." allair, and of presenting to them my views of tho great question which egitatejhe publidliniod. Ketoro 1 proceed, however, to these interesting top ' ics, let ma remind'youNliat 1 came to Congress uncommitted and untramttielled " . Iu the- short I address, published previouslyXlo the election of 11 837, after, staling iuy objections, to some bf the '.'.'.'prominent measures of. Oencral Juckson's Admin :istration,l declare that "if Mr, Van iHuren advise good and wholesome law; I shall give hiino hearty support." My feelings and prejudice were against , thisgcutloman, but, having been placed in tho Presi dency by b majority of tho Atnurican people, it was. the part of wisdom to give hini a fair htaringj hi)d to expresaTSV dorefniidatI6ri7T used the emphatic ' lunguoge, I will approva whore I cau, and con- ""demmrhen I must." --'----;-".- : -- r -, ... During the canvass, the pecuniary distress of tho time waa the chief subject, of discussion, and I thought that the bungling maimer in which the pub lie finance were managed, wa one of Its principal causes t I trondemned the attact od the National Bank J tkg of it usefulness lo iha country and endeavored to remove omo of the prejudices ' entertained by the pcoplo against that corporation. I also believed that a gieat rfgulatof was necessa v ry lukeep the State Banks in check, arid ( thought "it brobable that we should be conimilled to resort never did I pledge myself to vote " yea" or "nay" . on (be snliject, and reserved this and aH other ques X'onlr f0 Idcliberaliguw lie -w ho Uvea at distance from the great theatre of public life, and - pin hia faith to scheming politicians, cannot teach . a safe conclusion, and I resolved lo be a free man, . and judge formysclf, or to remain in tho honest oh-.-L scurity of my private home. Had I dupposed that k I wa elected to be the attorney of a party, or.to work under the order of some aellih leader, who "'Is irnlilToreul to the foelinga aud welfare of my own ' constituents, I should have rejocted tho tawdry h"u- or with acorn.. Whnteyet may have been my pre possession, or however warmly I may rhaaj "X pressed my aentiments, I never doubted that the poople understood mo to bo free from tho shachlei of party, and believed" that I wonld use my own un ' demanding iu the dischurge of my puhlio duties. -, I cannot suppose that you think nie les trust wor thy than Mr. Clay or Mr.;. Van JRuren.; however, Splendid triay .be tho talent of these gentlemen, ' they cannot look so closely to your interest as one 3hjftt-wajbm ".iogTonnyaelf, without giving undm weight to their ppinlont hiycoiisciei st tmpTopricty; - i refer tiow tollie ierms of my view of the Bgrcemunt : and alter a cautious sur 1 vey of the whole subject, with a singlo eyo to the . welfuro of the country, I am opposed to the estab lishment of a National Bank, or the existenco of any corporation, whoso power and whose business -emdt'B'lhe "Whcdd tTor.fcdcnicy : " If is'nono ho denied, that a Federal institution is a convenient : agent to the Secretary of the Treasury, Tho rcve. - nue, wherever collected, can be deposited there, and wherever needed, can be disbursed through in va- - rious bnincheaj and if regard ha had only ta the - ease of public officers, or tho despatch with which credit can bo transmuted, a National Baok is the - most appropriate instrument. But. it is not indis- pensably necessary. The commercial relations of tho Union, enable the (lank lo perform the duty abovementioned, and the same reason will put it in the power of the Jrj:;.;t Id' expend it money through it own officer. Mut of the revenue is collected in New York, and some of ilia waulad in . Missouri. The merchants of the latter State pur- . chase their goods in tbo former, and are always glad to have w'U where their dSibta are payable ; aud if the money of tho Government be in aafa -hands at New Yoik, a-draft on thi deposit will be equivalent In specif in St. Louis, and eagsrly . dwirud. This imdiaUujtwtiiMi thrdws-hjht wi tho whole subject ; n early time, when thera were neither bank nor broker, it might have been ne cessary to puttrp a National Institution; but a check or draft of the Sacretaryof lha Treasury, wherever it may now go, will purchase the best currency, and be wiihVwnt to pay i.h6Mjrbtioj.b9JB.u?crn meaL A papof circulation, common to the whole coun try, has been much lauded, and is certainly useful "I'd" the travelling community It is nid that if a ! tor son started at New Orleans and went to Boston, lalf of his expense might bo charged to, broker. gef . but -the taking of -a mhll quaittiiy of upeeie would remedy thi evil, even if wa were disposed to C4Hrpra the temporary convenience of a few travellers to the permanent interest of the thou ainds who never leave their own State. ' The local banks, if properly managed, can always furnish ex . change at a moderate premium. Tho relativo bu niuess of the difTorent aectionsof the country, is the .basis of this ooration ; .if Newborn buys more thtart it sells, exchange will bo against Newbern, . and if it aclls more than it buys, oxchango will be in it favor, and this is tho universal law under eve ry system of finance. During tho lalo crisis, ex- . change at Nflw Orleans on Now York was 15 per cent, above par, whilo in North Carolina , draft could be obtained at 1 pr cent. ; tlui reasort was 'that New Orleans was heavily indebted to New 1 York, whilst tha merchants of our own Stnio had ben doiiiK a snug and piudent bisines. The Rank of' England has no branch at Dublin or V. lii.hnrh, yet the merchants of that Kingihun do not com plain of tho derangement of exrtut!t!' ; thorn is ii.) Innk to rejutate tint coinmorcial iii:erMiir v Ivi. j iwclu NoV York and Livoriwol, ut-d llii.ro is r, justiliuhlo cause why-thi btHi'i'-t of m r , ti.'S should not bu on a fooling cuimlly I'.iv i .t,, In the breaking tip- of an old system, and th,- ( nihncemenl of another, there, will lie s eno di -', uud confusion, but in a short trno the b'niii':-i i tho country will Income adapted to the tu w of things, and the predicted evils will not ap; m . The chief argument, however, in fivor ol a N lional Dank, i$ it supposed ability to niai:it-iui . sound currency. The precedent of llR, V Mr.'Madison gave up his ohjcclioiw and h":,.; i r bill for tho establishment of .the late Instimtt m, i froquently referred to, and atone, lime feb-el.. weight in Iny own mind. I!ut a more i ...;.. , Jquaintanco willnlie htbtory of hnnkin", j ..'. j ; Z I searching investigation of its toiidnici", ! , ; ken my liuili in the sotindnosj of this opinio; , .; Tho General Assembly grant a ' churn i t i corporation, utid if moneyed nieu are pleascl : . its provisions, they suWribe tor thentock, oo.l t! bank begins its operations. . The' ohj.-ct of the ! glslature is to larrusli a p;ipc,r curruiey to the i 1IV thatof. tho capuulist, is to nmU u vesiinonis lor uinisen. rrujetit.afi i fcer-n :.!,(,-. and lookinjr to his own interests, ho ni u'H " t', kink to maka mouey for the stockh.d.ler- .'11. greater the issuo of paper, llei linger -will .3 t,:; dividends, and tho higher thi stock 'will rtw in u market -thus lor a tune even an hotu st man ! bo templed to go beyond the b-utid of in u.! 'hA and throw out nrire currency than id w.u.t- I, lietl to thlS IS added tho cauerne..-i of borrow r the result of the. whole nll.iir is e;-..il v teicr;i:i',', . Though young in years, tho country is air. u !y r llie old age t luxury and rchuomct.t. I! ! ; industry uiid t-coiiotiiy are. distasteful. xa in.i, . , . "our, people. They wi.ili l subitituhj n:!.vi! 1. for patient labor, and they a'e greedy f n ' thmightliey tndiilgo iri c.V)H.ii.ave , ... temporary combination takis place h'tuM ii 1 oaufeerand tho borrower ; every thing ri- 's u ; -thrrieb man thinks hiinsidf a prince, t!u 1. ,f , ; acj as if ho liiin. wealth, etid nil go mi r . until the bubble is voIleu to its utmost ' . , thcollu!. puncture of a imv briiw it to tL r "; The bank cannot redeem its iJ.ii.'r, b 'cu . ; . debtors Cannot pay, for pikes' nod property an; t an artiticiul stats ; the knnwiug r.iijtiilu i-Jo.-. vantrrgeof sotne oiic's i-noVuiM u to sell l.i.s :' at a high advance, find leaves thb.itti'ution 1 1 1; odium, which his own conduct brought a m. t"i -. Any bank of largo capital, rv"-rfy 11 k ;i. ' would ccrluiuly check tho State corporH.tions, ; kec them wjt bin. rcownabla liu.i;. , r.-it; '' - : no guaranty thataNutiotiiilInatitutii.il 1 goverued with more virtue and wisdom t! ri t' btato banks ; men of tho same chaiaeter are f.f holders of each, sleHirotts of ltiro dividi-i.e ,, no If debtor of on) uro as little likely to bo circin . as thoao of tho other. Tlio n:iino vice inh 1 u ', whole system, and where theic. is pj.p :r tit C..." eiicb between tho-federal und loci! I ' caused by peculiarciit:tiiiitanci ... If m 1 1 1 , ; Legislatures Iia1 compeMctl tlie M.ta ci-.ff. to perform their contracts, vt the Uencr.! ; ment had ' demanded j.uuii.iu -the p un: -.. dues, tliero would have been no iiefe-n'y i r .1 '. lioiuil Hank ; if tho innkers and g :ai i i .: law. would extend to banks the at!,. 1 . ' which benil insolvent individujl , w; 1! ten hear of the jetispetiuu.of , c'.z i That this is tho truo remedy, I,.! 1 . , , tably prove Th'i b:nks f V. ; .. M; , )r'!!'ll!!rrl,'.iit'1 b. 1 1 . .' phiee on or More the t't M iv,y ' ; : . . ii6'(T)TiTyviiTt'iu"t a N.i'i.c.l i". , ... flioiiraiuuioih "at Plillud wttli ;' those who wtsti t ) tioiis, fiir then! ore iimi s 1 tui.v : t.. . . .mly .'i-U- ' 1 n : - and .Ii 11 tie) 1- ! ( : foresee tho revulsions in trade aaJ comn,. sh )tild not las blamed ; I only lay 1! i.vu a eoerat principle, applicable, to ordinnry CI'-"", iy which iho people can Lo protected, na 1 tie' I inks he irsd- Ti) 'km5W their July."" " lint if a National H.mli can confer theo bi -i'-t.: I blcfsings on iho people, it must bo invc-fcl r,', vast power and extensive privileges. The ; dent of tho late Institution, when a.-kcd by a i " . mittee of the Senate " (las tho limit f,t u v oppressed any of the State Danks I" ansnoroj "No, never but jhere are very few links that might not have been destroyed by auoxeitioneftho povv. er of the Bank. It thus seem that tivlve Ml. viduals would control tho mouoyed mlcres-s iff great country. If they were fav orablu to a . : , Bank, it might issue bills to any amoii'.t, n-, i ,i; !, -large dividund for its stockholder ; if tv v hostile, it. roust shut its doors and cbne K without regard lo tho power wh!, b.. ,ir;'.t it i . existence. Whatever might ho t e ten -n of; people, among-whom it was V- !, or tho of ,1 of the-Legislature which erf ' I the charter, i local bank must -took to the view and f '. ri r' the distant master, on who e sinih s and fro'vti its' fiit -would tiarg?""riiii f ViViiVmioia'o'Vo'ii l not bo ConSaed to tho is;h: .Jut and ihoir Immedi. ate deiendanta; tho indn .ti i in classes, tho nr-r-chant, manufacturer, n 'ri'- i' i,i,t,aiida!l who ti in need ofhatn no. I cr.',!,t We s icce-t.ful opera tions, would have a ibr -i t i ,' : t in propitiating ,t!ia.grsat..MuliJ4.1n.fio i.i. v. -thtn'tr.ft'"' raga forrtche which char.o. . r ' ;: ' ration, and the tuordui i'o d ' 1 r !;: of life, it is not mire.;--. '.'.) to s;, f t f power, which is believed to di-pcr. would b almost irresistible. "The Federal andStato fi m i n,.. do not piwse an iiilluonce c vimiw . M . which acts on tho pecuniary hop 's and 1". .h s .i'h , industrious and enterprising cmnni ioi'v. Tl 0 ! it ter conies to our liresido, it mingles witli our mo ! sacred tooling, it affect nil our intete '4, it ra 1 give us competence, or it nifiy t'.i '1 ,!). drcn into (ho dirN - Without ap; ' ; f I. ; ; sions, I would ask tho think i-",' j- f i! . try, if it be safi! to give a hi.) i ..; . ..1 . , t r. t privileges! li il net h-t t-. d.v. 1 ,a i, power, to aeparato it into stinllcr ; ; 1, k 1 tl.at c italists would rival and check e n h 1 ', , ;i 1 1 actio a solidphal nix oiillmotheri ' ft IbjJ. it i said that those who have i:.-: . -y . inidj that far from interfering rii ; - ' , they are. apt to miccnuih to pojiti .-i u, j, 1 ! i ' manfully atruggling for their in ri,-' t i'.' the t ri h) in inonarchial or . .:.. ra' .1 :. ; nii.'nts, 'where there i ue cii inc-) !'t ! - ", 1 .r itockjobberj to acpiiro mie h i-,''.!er,-. ; i 1 1 1 -lie, however,-whero imlivi ' i .' : , -v .. .-: ?( totni ic.i nf oervert iot l!i . ..,!.! , 1 ! . ... 'if the Menteit tf-'nt-s

Page Text

This is the computer-generated OCR text representation of this newspaper page. It may be empty, if no text could be automatically recognized. This data is also available in Plain Text and XML formats.

Return to page view