1 ' t
-the tow r not oru:r.rr. to rue rM.ro itatfi r.v thk -oTiri-Ttor, raoiiintTco t it to m ,t ,m, ast etavto to th..,.'
kspkctivklv, 08 to thk rKopLK. AwnJ nenf$ r.i (Sf Constitution, Article X. -
SALISBURY N. C DECE3IUE11 1, 1340.
mm
-It,
n
" IS"'
iil!iif
) tl
tit.
pl4
i! and
;m4
ei.IL
3
i.'
sn
ide U
iar(,t4
U New
ran(
sli ml-
stock cf
it Qm
i-y Baiter
ue at lb
ling prt-
niinnw-
able tu
r , aod va
U'.-..r
i ana M-
Jch Ik) .. I
DifuT
icr.
ck.iiiil!'
I!-',.-!.-
purcUat
L.LEK.
it-
Ui, Dtil!-
II iu Iff
Pert.. K
,i .Ud tt"
im'I i'iIk'
ICS,.-
,e- '' i
U.;ne it its
i!eii!a
likn, aid S
A
steaiiti
auliev of
a libs.
i,OY,
F. FISHER,
r.t VKtli CabolIsiah is published every Friday,
,'& iwf annum, in advance, of $i iV.1, if not pwu m
'Til ,,.,.,.tiia ftoiO' ll.O ttoie of subscribing.
fxr No
B,m ,,......il .11 .........,,... ,.. ...
Will B U.Bl.""' ' ""i"" "'i
L uiiucnb :r worth the aubacruniuu ; and the foil-
.,.,,,(( uio Editor of a wish UiUucuiituiun.at leu.t
year, suujcriueu ior,
considered i now engagement -.
if?T AaVftotownni conspicuously" and correctly in
(twtVil per square-(ot 31d i,orien inc.
of fciiite'-il type) for the firjft hmeriton.atid I'Steuu
t ejeh continuance, tiwrt and -Jutliciul advertive
!") cent, toiler than the above rate. A ee-
Juction nfjMj, I' cent. tr.u the ri-fiilir pnto wtilj
b-J itM'.lo yesriy anvi;nu..a, v- (iii:iikub
.( ki for publication, must be Marked with the nuin
(Jof, jnttion desired, or ihoy will b conunuu! liH
ffu eeura atloutkAi, ail lo;aa-Mrescd to tlie Etii-
Splendid Mock of fresh Groceries, &?c,
jvw'beceh'sd at the ."
SALISBURY COFFEE-HOUSE.
mi. uoueciIu
' i'NNOUNCES to Ui cuiviHuw,frithiJ wid die
A ,!u:?lic in general, tint lie i uowXrecoivii-j
from the Cl.rleton nmrket, u lrgeid Nh
uly of uriicltai in Iu liau of liueiuesi-ani.ig
which will tf um!, ' ' - i '
.VI kind oj Fteth Cn ken ;
M lumU of H ite und Liquors :
, i nu.i oaitf or
Uetttil ;
Owes j nd evuryl'Miiyr .nrticSu iu the j;rocc-
... !. . ....-I- l.r,.UL'hl t.l this iliuiket. ' ' -
saitiMaaVoaWa
five ni n a cj.i. -
tf.
SAU-iiiuKV, Nov. (
A'teiUioat-Of crrs of the tilth Rf
" gum u' : '.
YOU er lmhy c'iiifuiAiirfid to pa
'rad t it itfuCWiiiouj! in llo Townol
S.ti-ilm'y, on Hwi'ir liiy the 5ll of De
cembr next, at 1 u'cl-xk, a in, with
SiJe Arum, for Drill. , Bv Order of
ft, LON0,Col. CouiMu
I M. Rbown. Adi'l. 0i,!P
GRAY'driUr.riWa.0ii4.nck'it
U av.,'. P.lti ...d Killer. lo4Cii0 Panacow.
PTITH7aaWfd.Jt
.I AMI . tH ..'- - - r, ,
(.., Itourid fJoiiiniaint, lOI rvic
by
IT. A 3,
tt-i-lH ' Wimia, SfArn. Tob .tco, and Citar,
ulL'A ' 1.... ........wJ 'and i:,r fcule. at lliu txilii-
fcaaflvjry, .Nov. ii", biU-
Cottuti Vaii!.
"TTiniRcnliSrarVnls fir t;o LexinrrMt Cot- i
lt. Factory, wouUf-nw Upubltc llwlilui) ,
:J i otriiiLtitleyliol.'SHlt'
mu of varioua u.iui'ht. The iJVior quu.i
tie and chnracier of the Yarn of thi factory are
wcli teied and kmn to i.ecu "-,."
wnMii-,n from u -Those wishing to ptjr.
ciise will please ge rts a w . A
An! ?1. 1"1(.
tf.
LADIES AND
WK.bara juat received a
r...e frenk -upoW of h 4-ekbrated JV 'e U.
tula ;w arae- erds, of all
Thoo i.h.n2 Sd ior Ihe next e.r, w.eihl d ,
.en to call or aU,
ke." - c.B.cvC.K.'.WiLLLI.K.
November 13, ltf . . t '
. -. t r.Ml.-aatat litis
5-
flMIE SuUrftilwr navo. v'"-" --
L tablW.menlad tiled it le
ft Ihe aceonimoOafo""' "V"
nl. oreiiaieU for their recep-
UJ oiHin.-.---- . r .. .
TO the best tke market can afford
. . . i i. ,f r i.nee Liunora; faiat
m B.ll with a Ro -nyp-j , k,h ;
BEDS ahall
1!m lm..i-yt I
ch are very extensive) are well supplied rtl
eT.I L...tn.a " "
i! faithful hunllert.
Be boixra, by atnet attention to tho bunine in pej
a.toaiv.aaL'-actiontoall who may b'tlb
tar puruu. Auu mil;"v CALlic Lt:rH I.
Notice.
8T:iR Uavimi rnmovtd t thecmii.try,
4 i.,.,.,,;an,a. W. BretiHnflhorAgH
CU. B. fay bfnd at H
Uaet,whcra ait rt ioi "3,V
W to call aulhnake tfcm-im:r
. . V1. i). uuwioi."-
. N.B. Nothinc but Uy t"n?Ht
AI induce u, to make th.- urtf-it tad ,
mmidii li aeitli'tnw.!. ' f '
. lih.hurv, -An, 'it. ' '
. i)u;c..i!. uoi'i:L.vs
If AVISO removed hia Olftie o -J5II1
11 Dor of M r, Cowan', brick- row,
pCI5USHBD WEEKI.Y:n::::::::aiA8;
Eifii'ir unijmprirttir.
I
17
(Unerly occuruod by Dr. A-hbel bji-f.h,, vJ
fVantaj Michael Brow.,', store, pulitejy teod"'
' F snoimI aervice lo the public L . ;
' " Situbury, AopM $1,18.9.. r
?V 'A? ILiiifirattle.
' Uwrit! Aiumbly ' A'wlA Carolina:
(iKirLKXKx: Tim d.lur-nnm ol ili jx-nplt
' BniiM 'i0 AdililllisllttUuu 4' .l':.t rui, Nil !
rmwt uf jiiu Suits GuveMiiw .1 llij d-t
turn and eiiiUuered Iceiidij; ufttiti cudttiurfin pax
tie u lo tlie CrtU'te, uiuot uicv.irily ;r j.jy iitt-ji
i tlio int.oreat wlueli ncluully altendv the inorlm,
nJ iuereaw the respo wib'il.Jy, of your.huiorb;t
. . i.- 1 ' "
15jt, w liila we have, ia th cwifi !u bnpe il(it
it will mature the cuuiitry -to v.h fi.rin.-r lini.,iy an. I
proip- ruui C'laJuua, ttlmiiddul cmm tv rej iie
over una pencelul revolulioii j yet wj ahould w
- tt),ul)-r tliut our fell iw cit 4" tao AiuimWra
t;on party, wail ttie ex:epu.M, pirhopn y,( tn
Ui, , w j
iiievc, hi wit-ir viewa. ran Tiava but oim rurm
iiituriMt with oiirielvfa, and are nther rtilii i o
!!.lt?Lyj.gJll'11'y M "" ty" ""-tiatfnr-
s uud pcrHC'Ciiiioii. ...
. Tfteir l'oi tuucn have fi!ed ittieir own hands,
'and under tliinr own nmnageiui'iii ) iA it becoioca
u, a thye on wtium the le-nvMniWity hua ile
Volvd, calmly In nuney he p'niinmw tcwjn',
A A it ia the part of wilm tt profit by XjH?ri-yinx-,
it ia iH'ceayry and prupcr tt i(er m the
taanea uf thn rfvoluiion, arid pirlitu' i.r'.y wbere
cMiitioctod with our peculiar iutreit, I'm liMier to
ui.tible ui to avoid and eniiiraco the jjo.xl.
The Uiwik ol the Uuiied Siaiw, wlih-l grew oni
of the ueeesaitiea of the country, at two rnxlit of
gieul diaircaa, (and which wuutd -tn almost to
(iv aacrediM. hi rM exiFtr hce,) ana which an
itwered every purpop proimaed by it inoat wa
(jui.10 friends, or aiiticited by the putd;e,"n
ditoioc'l to Executive l.oaiiliiy, Ik-chiisb tt would
not yi' I'l x,ilkt!Cal yle"ii'nc. It aaa re cU.inerd
by Couaresa, but vmo-il btti l'n atdenl, ,'l'ne
' ilCC i! ' d' lHwit, in the Biiiik of the United Ssljrten,
Xl. tlw bitdl B.u.ks, by Iho president, under the
pjtja tiul it waa uuiale. Hun "'lj;iLj'lJjr
'l!tV TV
m,t, was bi'fuvta iu,..ii iiom a
C-.ii) inltix) of Coiiyres.
Tiiy Siirmie of the United State became alarmed
at thi'e ludicniioii ol violence and uurpatin, and
declared Ihu romoval of tiio depositee imcoiwlitu
tioual. The I'reaidenl apjiealed to.'tha peojde,
aa nut IhiI U tlie Bauk and the S..iiat0 J clannj;
Hie B ink lUneiou lo the libemc of tbo country
.i ii.oi.iUt uf lorei'ii iiittienuli ; and tiiat a better
currency could be given by the locnl Banks without
the danger ; and t'ml the Senate bid done bim
groan iiijualice. The appeal w i au.tained. No
thing wa recollected but hia aplendid and auccesa
bit military career, ik vcrul of the J-tdte Lcwla
luiea were lillod by hia1 partiiaii!', who aupported
hi hni)oiiion to the B .ink. and mtructed, their
.S.-nnioi to exiiuiia the rWlutioii dethrii'j bi
; -at?i SmjtjirHilutt'Tnitt f 'i-te'nt' ivtng-tha fli'iPWite-V W
lo resign tln ir eut to more Ui.v.riii'iil.'ua band;
' and it wu done. Some yieldeif jn tlie fervile act,
' in defiiciug ilia Jourd.il of the Senile ; and ntiier,
.1 t. L ......I . ...1 ik.ahlt. ...itflLlU. U LulTjU lllU
44J .ya jVH.n-.i5. Hw.T:T,wT"tT
uuai.dou.id their pot; wuit li baa iio(.air.d, and.
if ccmtmtlf-d. will diatrov. the oiuhltblo and
cmilmtKid. will di atrov. the oiuhltblo and
uSrirof our jwiiiiMUmi;LaMll, iitt.it prnln,
i,ty llm Governtint it If. -
k .....
..e nB..,iHi,... cld nol but fee!
.... .na.u.. ..f .h. Lili a the uaoole cAcemMted
'itljMJ&WXHw-'?
Mijj'i " ...i-'O' ii.oOnoti ui a n-a pniiimnpiia..
c.il 1-h.ef. The fate of iho.Baok wa di(tea,
Tii dtKite were letaiue J in the local Banks
I and ecuiioiioiided to ba loaned out Banki in
' ereHsel rapidfy, a'ffiSwiiiwif freiTyTrhirTlt"
"UrJrfiaobW'otimtJ61itjt1Se'fi't icri4in Bftjr
a.ly. Pioperty ana lauor in an aiuua iu
price. Public work were commenced, and aome
completed, of vt nwiiitudo ; and (reneral prna
pnty n-iijnoil, not only Jo thi country, but in
' T. irow. I' p to' IK31, under the operation of the
" I5t.ll iifjjf boiiiitwtiiwt. tho Piiy.MMQ.w!Ubs lk!j.
riM;?oi,,ilv duTlo'Eurooeaii, iliied that country
with ftionev aeokipg iiiveatmenti ; a gral doal of
which win takn by our htate, l.unaa, uaii-roao,
X'diiU, and Mamificluriiig Coinpanie,- and re
lumed to thi country, at a rate of iul.:rt hijjtier
tluViiaJ been given by the Cveriimeiit. U'lietlier
Or-p fH"l or not, thu emmar;d and dtlwrinetit
.J" lunot ainoo.il of money, cuuiplelely, at lU
tiu.H, eovereu tio c.mst'quouct oi mc
uL itiu Baidu uf lla L'uited' Sluiua, and gavo to Ue
r .. . - riu.i,.imri;.
eotintrv a hollow aod factitliof prinprrtty.
Notwithstanding thn real increaM of axpoodi
turea, a-mie forty xnilliou of aurplua had accunwl-
ted iu Ihe vaulu oTlio local U-uiK. - cpon p
..... nerasiou. the Pr.-aidoiit had advinod a di.in
lotion and, after a fierce Mfole mtw;rn
act waa pnwed d.recting it to be dr-posiied wtth toe
Ni.iea: and. altb.iah hi.iewti md aulweq.ieully
.. ... . -i, ,n,.. ha rrtluYtaiitlV. ftl'iTWtd JM
measure.
Foreign capitalists. used to wahaand cotivuWions,
watches ihe operations Ol twr oim;i"mn..
i their iniert a'a : a id.takmg alarm
-lbew.-k of Ffei4VM-M4:opt-lda
n-v.olut.onry spirit, and daring u.arj ai.wos, ..,
j - .hP.r f.iiHla. in litiK-. to a place of aafvlv. I lie
n ...ts ...ni.icod eurtaiioie. to meet Ihe provi-
aim.- of Ihe di.tributi.jn act. IU it wa.
a. A ih.i it csild o.U. with other demand.
A . iuisiimioU ol specie paowo....
..... .L.iahi the land. A trenend-io. and
fretful revolution, in every branch of
took piece 5 and credit ami rw' -y-
U tho eeiiire. .n7 " . - . .
hemisphere it w...ed. iurleed.to have o.m-fced.
Interest ro.e,..d W.th :f&nl .H.g.-..on. CaAl
be efl-ct-d on y ter I"" of coxdlr
Ungating the rau-ea, an! app'yn'g -f -hi.
elevated ard powerUilp."'"""-'' c-msd.
to save thousand, fmt" n1 ". t-ie Pre
L l" t d,,.H..d lb. haI.Dn.U a wort.do- and
fJ,hles-porued them wi.h invewai. ran,
5.Vtor!ed liptm them the oil t.d- of piibic
:,, nalio..-.nad the... the atoH.HU horw, of the
fleoTe in- Patyd all lbr ireful
hut H- depi-w, of Ibe puU ,e rw-mw
B,,k. ha t-o aU0.al.te4 to wild expansion ;
Ihe Uanas n e,i,i4l.-d by h.a wwn
pollt
jevoted BtslJ.
ivf ikih u v tt-i. .sa iv i i i i UCUCU 1,114111 IM
t.mcudve uwrpatKMi. lb: circular required
Mi ouly I j 1e ruc-iy-dt tLe Uud iihee, wbieh
crtfrked talva, and, by futther iliriHin the rupi
tulcils, ad !ed a:i..'l.t:r Uw lo Ilia aire.d aiiikiiu
ciedii of ihe iS.ii.kii. CiHir' rtt.ti.rtj uu a vyie of
tiis j-pruMii ii, by a lare iimj .niy aa tutu llu-,
r.'pealm :.i tr,lr. i?ut l he I'rtHiJ.-iit fUwl It
IU !;wilkH, and thui liofcutej It.,
Tlie ieiji-in'a iiuUr;y wa y-M pwarrfah
.in t, f.nciriimii- ery largely t the eh etian of lii
ixrwMur,' tti prewnt incumbent, biae tithur
!aim io !.e a.riSJtiic and allLctuMi of. He
AuH-ncan people , wcreerrt iuly outaiti.Miablu. He
pr m.i!ed, b.twever, 10 treal in the Ciotstepa of Ijis
lilualru.ua predecciuof, and declaad ttut it a
glory enouj;!i to hav aervt-d wider iiicn A chief;
ihi tho peuule were aii!!'d,
Tlw fiuavirt' tficutBbei.lv 'atim iido power at ar '
cWnTry. A re-ectioo, aa ae bave shown,
, had 1
commenced in a bloated and boosted prosperity ;
and he had pledged huewlf to the courae (-( !
calculated lo urge it on. ' lie bad, in hia aval to
opjort th view of tia.prt-decesaor, denounced a
I'ut.k of i)e L'mtel SUte aa uoeoustuutiou.il, and
from, that quarter.- The local
Bank had bun dtmiditced aa unworthy of public
conridnce ; and he amik them yet lower by con
curring in their condemnation. The atlaira of the
country had become dejraie nioocy scarce, and
Bunk uoie depirciaiwl-lhe prices of property and
ialtor luiublms down Huipruvemeitta uswinfed
and bankruptciea numerous. Indeed, r Bloomy
Were llie all'.vir of th country, tbut the I'resid.iiit
coovened an extra arsiin of Concrete, lu tk vine
nteaua of relief ; to whom he giavely roconunended
the withdrawal of the public moine from their
former pl, e of depoite, and to luck Ihein up ia
-f.- and vaul:, aa the remedy. '
-A a pert of hia aruuwnt for a Sub T'aory,
lie oecned bMtitoliin
.wmWWiiHIt-0V
rja ; aud which, in timea of emerceocy, respond
ed patriotically lo ihe calU of ihe tJoventinotit j
"hirh bji ,ul-4 tin; .aayl ii.uai
kcouotry Uttler itoVorttbly IM lift of comfielitioli,
in all uecewry aituyvkluaMe work of improve.
moot, with Iboae o the i ld work!. At the firt
moment of difficulty, tnev are cnd tinned a uu
wortity of pub ic eoo!'uliK;o, and even dangoruut
to liberty. Again in December, ll.ia
Sub-Treaaury i prt-aaed ooytbe cooaideraiioo ol
Cooreaa aa the grand pauueeaxof alt our woe.
Conreui wa coinpoaed of a majority of hi
friends, and it ia quilo immaterial whether they
considered bi projoct ineiHiipeieui Jor the cr hum,
defective iu principle, or oervelcaa iuexpedieucy,
it waa rejected. ,
I tie President uow reemed lo l.ikt the mailer
aerkMily to heal I.. ' The only ntaire he kad con.
Cctcd, by th aid of SratMmry ..f iIk To-au
ry, mu4 he iraieaulibily. Tb fore- arj-
rMiUe...aw tnr eflHrtntat trriantnTifea Bin
more aupuls tool put in their place. The? miea
their b.ttury on the dead Bank. This dyiut andx
lit iiiS Bank tliey repretni (hen a the bvdra-
.headt:d,,.m.f
oout nad to exert ma tieriuleau alrenj;tli to Keep
in cnec. . uorpora;i,m. oi an amua rrr ui-cmreu
AmifW totjjtefe
cf- couvene. aod the Presufcut diawa
incheci. . Corpora:nm Of all kind were declared
"d picture of the diaae. ol the
"ud ""! "P
ho public nKHiey in sales and Vault, aa tlie means
orrer.i-r. lin JouTitk.. aaa pro crmtl
ad no tuooev in t'w Treasury lo be locked up.
f bo fact that be bad lo ieaue, from lime lo lme.
Treasury outea, sliow bow f repueteroa il ia to
MtpW-reliei :atTsrrrtiWsiriYo
wtrrcn itrte iCTvernrtKint I dc.lil aie of ih inateri-
1 o make this bub-1 rcasury icheino a law, mo
State of .Vew Jersey has been dwfrancbisid her
rig'it. disregarded ami insulted by the friend, of
the present Admiuii-tratioo in tho Uouseof Ueprw-
uotativea, by rerosin seat to tiieir body to per-
wmui regularly coirHniai'n;d under hr '"jJLJLl
WabiTiVTriToettTneT oTTer aove-1
reigtity. By Urn acljcvery State in the Union baa
received a blow which sqould Dot be disregarded.
By the request of tlie Governor of New J. r y, I
herewith eubinit the rewoiuUoua of bur Asw uibly
this aubjeci in rked A. j
While Iba (uaU U Naw J.Tv were bein? I
dccratej io the Houoe of RepNt.-;iUitnes Ue.
N-oa'e waa en;aea ia porMng a iryi iIiimi gratu
itously refuting to au.Tie ihe debt ol'tho b alira,
alike luauluoa lo .t.'wir feclmiia and injuu.su to
their character. If uink-r circunniancei of 0"cu-1
liar hardsliip and diMrc., a Mata we.rw lo ptlitiun
Coogrraa lo aaMime her debia, and Cuoct was
to do o, il would Bui d.dei ia prmciplv from aeste
tiace gnuudjo in ally Jn dtrea bv war, jw-t
the rclH aff irdet 1 traecas autk-.-mj trom ina et
fecta of aa earthqikie, or te New York, when al
inos4 deva-stated by 6re, al ail event a State would
be entitled io respectful atehtmri ana fr;en Tiy Coo-
sideraliou; hut to refuse without being aked, ia
marked wil l thagroaeeat impropriety aud injustice.
The Senate knew thai many of lue State were en
gaged in imj.niemento( gnesjimrjortatice anj
deooiid3 ui ik-Jotuiiiii2 loan, iu luropo to com
plot a them, and requiring unimpaired credit fur
advantageous uccesa ; which waa necessarily in
jured by thai actual of the Seoatc, and the work.
wo&t probably doEwled. - ; 1 1
n i aiui ua nay no diioiic
Mrfh (m i; f jr. -, ' : ! t-.. ,.i E . i . ,T ''
dtrtl bit it not the mjurioti and i-Mihing j Tba object lo be attained,!, a untptrm twrtnc
lo her character lo be told bv her .ervarrt. (who Mroesioi Me Union, lnutd ohy ecti and on tkt
tr frumrd to know,) ra the Senate chamber, ertAU of Stair, or of I. UnU4 Stair.
hav a4wj v ononhy of credit anl ouch I dccla- f "Ho can thl. be accouidil.d T i.'tbe rightful en
ranoo bf the Senate, wbtm oeen in dmrnnt pine of quiry. ! have no fur .in the anwef, lhat it cn
llie world, where e:iiiit. for mmey are sought, ; otily le e(Tcterl by airieaeient enturcd into by
hi..'.0flu.ltth.rcre.lit aid orotaWv wmild . ioie. Mtweeu the State aud Federal Govefomenta.
have defeated her objei, if she had atienipiedtot
procure the Ua veontein;iUted by the act of jour
Now, fKntlemen, I have .hown you ihe Sestr ic-
ti.Hj uf the Nsliooal B ink, ill tola! disregard id" Ihe
. . I ,L. i .1 . ...1 . .
Wlll Ol XXIflgrffwa, anil otc .hihh ii. am. ,...n
mercial .rla of ihe wtton; Hie violation of law
and contract, in Ihe removal of the puWic tMasure
from Ihe place where Ihe repreacntntrve. of the
cwutry directed, under a Me alb"j;tKm i tlie i
wine a Sicie Circular hi itie r.eciitive will, and
the eootliMling OS ojwramsi w m vwmsri rnu.
c.fcltrted H ; placing the public money m favor.
lie ocalBanka, a'nl urging them t us it In el-
i .... . it I c ............ a.. i .
reittrn a wbau called don lunom and prwiCtl
rinVio.n; the ouirje upm t!in avi0i jpi'-y '
Newii!ry; the gri' and gr4tuiiia iuii tn
the ch.rtcter and credit of ml ile Siaiea were
eiWMigS, irtdy, with ut referruijida'tlw urtio;K
ot tMiio, V the abuMi'ol the lia iking prvibff!,
to alarm cafnt'ilmU aa to the aiatniltf hhJ mle'-i-IV
id' t-ur iiiXilulionr tu Mtuati romey and St
troy cred t j fitm, to jrudu.e ho nrTit! prC'iJ
firary fcvuliionVhTctriaTiilitiketi our cnuutry to
Ht centre, briiiJiV; run. and diatieou UwummU.
Ami (lis Sdh- i reary remedy, oonik'iiieii, lor di-
cea like I bean ! SuW the fanerlo thenry uver
liaa been so irranhicalN' illuatiated.
1 be weakne
and inadiwuaet uf theroped rmHty in, indeed,!
l(ka portiiii with our Vn id u3eriijj. j m tlia musieiary all'jini uf the country to anwun
What gooj cm' reaulMrom lfi' witb.lrawal 4"( "' uitr0a cuBawjuwieefc .
u UoteiiiiiM-aT il connection a tts ttaeal op-f.
tioiia fiuiu the BanK and Xeiviiia tb Swutoi'y
beat may 1 It ia Uk aeparattnh head funn the j
body, Rtid exrx'Ctinj? their joinXfuiictiona betihey wiveatllifirfuitdn. Nor are they usually com
coiitwu'Hi.. 1 hn rreiouent aava viat the i.anin
form a clviiii of dcpciKlimco front wa end of our
country to the Piher, awl th it it " reacraacrosa the
ticean and enda m LnnoSm, thoceutre of the erirt
ayatomj" aud witli ll.ia chum of ditp-Vleoco 1
mighty nmnitnilo, Im will Have notion); iV do, but
Ibarra u to the lond rnerci( of the KhJhIi to
regulate our currem-y and credit, rrfi'ci!yndif.
leroot to our fate, iw that the Govoittmnot ai.Jl ita
oflicer gH llioir due in gold and eilvcr.
The President certainly looka lo a tot.U oVotroc
tion of all Bw.ka whuti lie aaya, " It ia moreover a
principle, than which none ia better Nettled by
ei)rieiice.tbt the nopply irf the piwiouN nietala
wUt alwaya be found adi-uttate to the urn for wbich
they are required.' They abouud in couuinea
where no other currency ia allowed." Like the
fabled appearance of-men in Kliodiirkk Dim, tt i
ouly uecMPtrv lu mil, and we ahull huve plenlv
winy imir iu anu ' n....n r.. ....
,H i,m, w llll U ..n., lo U lo,r tu f
which we tnutauhmit X obtain it in coninelilioti
witb those countries, where it ia now held. It
rear y id 'Tiu'R nTis t'uTjnLa il 1 w.
preiiotiderato
iu our fuvnr in ordor to ell xt thi.
(the aid of Bank credit and our hitherto libera
and eiiltKhtenfld policy having beeuilinjiciised with.)
We uiuat aulmut lo the Kuneun and Asiatic
pncea of Inbor, tfieir riid econoiy, their grind
ing .lavish habit of toil, bVlore wo, can wx.t-.M-fully
compete, with tbein in Trade, Agriculture
and .Manufacture, or produce a balance iu our fa
vor to bo discharged ia cum. To oxpt-ct a perma.
notice of the preciou melal from a loreed and
unnatural importation, would b about a rational
aa lo attempt a suspension of the law of gravita
tion. "' " s' ' ' " "
TbeTrealJent aayt, in a Cminlry w commer
cial as OUfa. Back irt.m Uf- tt WoUW
wava oxitt." and tlnnka the SulvTrettsiirvwilIile:
jmo theiw VJ
a wlulary regurnior and keep them in chock. In
this expectation of th cootuuiiince ot Biuks, ho
n k ainfiM ? hni trot recent ileal met inn of thru!
i,.i,ii4ii.ui in ilu. DiHtma hf r?oluinhia. shews va
Th collfclion of gold and aOver in ill doe ol' ihe
I'. nind Statea muv hova aomo inlluooeo on. the
Vu,m Sllt(, mUy
.JkuJ.i .krga,
Wot aro made ) an
;.ijtowbft;diab
and where lh imlanre of trade
cnncentrav, ihnV will, no doubt, tie Irani injured
and eoab!od4o exist and on Now lurk ho must
.luvve. MdJua 4ttlniiiiiii fixcil, wUcat-ltu-iuaaw -iiu.
'!.
but lo remote (XncHw, .iriciiliural aid mteijor
States, what other than a deleiernHif ii fljence cau
"Tt he vei whence Ihe ycie must b d.ritned con--.aouulii
au oavmewl of lowdiH.'siothe titnten -fc?mt"ir,-
titbyiul,6W pwbalwlJjt
rfri-dilWW"Wa;MwwvTw
ration of our hnppy, proHpfftpaa, and honorable
condiln-o, a. far aa in our puwet, to mark with un
qualified reptobation,"" Ihio iruVbigenient o llie
riKbt and credit of ihe Statea lh. war on tlie
iiHiiioiion and caoilal of Itie countrvV For when
- lllm ai't""'ulali"'1
lfyt economy and
(ne uur ; and
rniilalufii of a"h ' mmiuWi-mjw-.
.... .
skill, il ia certaiuly bofturabla lo
whether it consists in ln.nl, chat
tels or stock, ia unqueati.inuhly entitled lo llie aieru
protection of Ihe law ; and the person, matiew run
w
d
' true
verest
th Uiilattniui iMiicer woo " v -
.... .. ..... !...., .u .,..,.
40 letter or apinu -di- au'.uj -uv "
. . . . r ... ... fk rr....d,...i
that w c.onwder tho purpose of Uownowot l
mean .Mwthing more imporiaul, aa I lie resfubiior
of trade and cointiMrco with the Bute," than
mere! mckinj out the Hd ivl silver fr-m tiie
j currency, in Ihe discharge or li e public due, to
e-wnufW the officora. fliiil Ihe" currency ofifie
eouulrv, no matter of what it consist, must be the
hjediuio of exchange, and i. a osaenlial U trade
,ad xouiioexwi.willMi Slate,? a h eircarHttioo
ol' WoikI w lo Ihe animal exiatencOraiHl a ne
cessary to a healthy Statu, lo ha regulated by a
eenlral power, ai the tther ia flow from the heart,
Cold and illver are teta of thejuijuo of the cur
lM3y-V -may4 and if off lieVte
valuable but tnotr intrinsic vaiue is oi soi.ui oim
idoration, compared lo the advantage of Bauk
ot, check., and bill of exchange, a. a medium
nf nc.han.re. What power sliould apply this regU
baior T CrUiuly ll.aN IToiUd Suiua, for tnte
uii.er can. v
for inijjroMngand using tho bical rk..k,erl.y the.
Mtabhainent of Bank f ihe
Unild Ktatee,
wiifLJiiflicierrt e.ipital fcf,'nl to wh State to
sdwly Ihe amount of nolea f.r all us'Tul and no
fsry purpose. Vie kind of Bt'ik nMr, rith
a tfierie twin anu unm v ...
meeiibff ubj.'Ct and aocomplisb tho purpove desired.
-' Where, at presence largi variety r.f 11 ink dote,
- issued from eight or nine hundred Bank, are
thrown into cuculilmn.exjiorienee ha. proved that
' tby e.nm atund on equal footing actual and Iks
liti.sw rirrumst vice, will produce degre.:. nf value
totally destroying their w.-rth a a nal om! circu
kliiigfnediom. . . . - -
hat his eiamlms or ptiimn m P.:ir,v, ...vj .... tM. , ..,,. r
ulgeain the practice of miareprenting J''bvHaemtm: ofh.t.
tmg irom ho vam-w rinu r, . ;v ilm ,541)Ut ,rflii Sut- Thl, A
. ...k . a. ..a ... . v r. a iu Mnn. w on nil . - t-
Mll. XJT urn IM.i . ... .-. . . ,,., .1 .. f,
I. .av!4 fer -mn rnirijefistiir Lv w!ik1i !!..
Iwal B.iuki wU lw le-nnnUllu,! to ti. -u!.!i-
mi-tit of . r.i,.k lilie l'i.iU-4 K.aw, Injcauo li
roneaa: uf tuntr charra r.nild U nmd'tto h..ja
aucct"ivuly, 'without V lucitig the p.ili!i-(l 0i0
vulsiou which ha lwit-efiittii4'd tlw r;nftw:it of
the uhrtfterof the Na'iooX Ddnk j Ixeauw, loo,
hiih t4 the prefut iiHiitu'iuvti could be adopted,
and thfi rednndarit titerjjed into Vhoui.or allowed t
Jf0jaljl. end .If Hieir.cbarEtiV. ... . . .
A Il.na uf the Untied Suirji, id iVint r;i
till ta Uercie all the .al U uilti, nV 'lit Ut ina.!
n iii,i K! of opprewniMi, and danniuVJo our p.
itticitl iiis'iiiitiniH, which the lal Banks fspuld nut.
ihe tujk-roeditig the local Csnka by a SUtianal,
Hank, muat uniiuostioniitily prodore revulsion
?"i.iiric, mi more nnnicuiar-v
w wow, ara ibff.piuaevra wf ihair jwji fniiunts. .
,,r m ttw matiaw ot niatilutiona in which
bitind With the politician, tor their notion are iitw .
trtj-oiii-itical. Tbo aiudy ami awccen of tlf w",
dt-iroy ii that of the otlwr. iiockhokUra r tt.e
itiaiuigera of the local Banks, The funiia of the
limiks d'viU.'d over a gr"t an extent of country
aa oura, and under Ihe manament of their ewrt
otllceri, rtrenetit an tii(tertbii difticutty l tbe
(ttsation ol jKiiitical raiMla or any other, tor the
injury .of the ijreat inlen-at of (ho country, with
who aelfare they are ao intimately eomwcM-d and
tdcutitiuu. A National liank might full into the
hand uf a clique, who, conacioua of their power,
,111'ht be leinated lo intrrlere in Federal policy to
thy great Hij'iry bf it pwunmry affiira, aud iuilii t
a itt hi tlw htiertiea of the cmuitry.
Thy IWk in tba fNuoh r much more nime
roua uHi i iu any utln'r auclioA, bem etablikh(d i I
most paay where money could beuel'ully employed,
and iu aucb auma a were rfiwntM by Ihn r li s-
. "-r , . ,
1,'-V
imtuml capacitW of the couu'ry to a gri ai utiite
of f r'feL-iiim, hi!.d bijjh in their on a"tiots
I worw hi m 1
I I" in k i'ia'fiw iVlWnoTTTnSTT .T
their ooliu ia circu:J
i' to o.;r St ite, ami a gre.rr
mK of them never
out of ihr.ir. immedinto
iieighboihiioda. 'I lie
nkatif the Siutlicrn and
ivesiern isiaiea nave paMaken inoio ol, aod. iio
doubt, havo been iitfliK-iirtil l-y,-tha chamcli r of
j the country, . Many have bco eotabliihed on futao
principle and beeu badly manae.1, and Ihe r ult
could not be otherwise than fVaiirou lo Ihe
.tuckholdera, who bad ocua cupiUj inveatetl; but
that appears not to havo bnoo thofaVloany very
;reat extent. 1 have no doutit tluVvt!ni who
have capital, and will lake wamiog from eW-rieore,
will j'ct do a valuaUe biMiier.
Th recuprative powarsof rheso sectifMii-ftho .
i...Mi-v.aii c no jjrtat room loX the
eiiiploy.inont of capital. Kvcn iMltr. their.- eAot -rnaeioeni"
Wfi.Juvem u., .,
cauao u rarwut than to rejoicei,. except aa lo the
ii.jury of otif nati'mal chatacter aud credit bao V
sustained j s il h reMilted to miriy f rest aud
solid itiipfovemeuU, equal, and perhapa aiierior,
Itj sny thtirj of-which Wf can hrmit. - '
in form aod mat(remeut caomd be doubled no,
'h jpirtl.yaa! and lihpnsiPWi JjsMf--
IhK'HI piMC.e ill Ariruiiure, i.tuuluciur a, a anu
steam yi.ipi, Rail-Road. aid other invention.
The operation of tho podoral (juverimienl on-.
Mmujiig'to rfl-ct tba. BiiLkt-flitrt jti. ttrll a, BiaaV
rfspcoie pnvinenta, or force Ihe Coll
pccie pnvinenta, or force Ihe Collection ot I heir
debt, to tho injury and ruin of many of their Vi'io.
The wmjorri of their choice. I am not di. -d to
qutsl wo. MoJ -Twrou-awMWK4-lM'j aeqOn-wr in n --cnrre.-trns.
The P'W wb'i.!M.m!l.Uldfe's"-i
penalty imjtnscd on our 'Bank, for refusing j- ie
whea demanded. , .
For political elToct, they have been .ihj-( ted to
ib consiiinl fulminating of spleen and vu ipera'ii.t
by cerium ( irt.xin presw. and orators, wim lipe
jy.irxjlbmiiiJlHiJ
popular pnj idice, and divertioa atleulion from
their own misdeed io the popular clamor. Anil
lha usr!ij,lnesa ol these instituiiofi have o i c. ...''!
been eoiiileialilv enrlailrd by thiw i(l:.cki
lias H"H "
Ity
i A ... .tli ;.iiui, t.ii. tM
" - - 1
'oout two milliooa
two b'lndrd th mssnd d .liar. This Con-lituu s
Ihe Banking ca.ntal of North Carolina, and tor
every dollar aejually paid in, two may I is.. !
wh'm prudent ldo ao, by the Bank in their not
At Ihiajime, Iheir teueo ..iHHint lo about (foe . f
Tt' tiiBir rptwlvvi liili(tr"llifly " ret ii rv .i
lonii ia liuiitJd lo , er cent, per annu o.
Sli.sild lliey refuse to payxN;x,cii when iliunaiivUd,
Ihtbolder of tlteir oolee i entiUod lo W-per ernU
lutnrest .livery ix mouilis thtjy are leqtitred ii
pay lo the Stockholder hatev profit may havo
lieen loado ; and if the intlividual orkhul Jro rJe.
rive any uuusu:il advantajres.il should hf rewd.'eeioj
thai tlua SiatoJii iswfrTpr4ksip-iteief !nil nw. -ttiird
of ihe pmhu Ibal being tho prn,Mriioii i f
her stock and a'! taf on llie individual st. k.
Thi i pretty much tho aum and sulprtsjicw of
theat nmrn abused Institutimi, which, like every
thing else under lha mansaoe-eol of hums bf's'';
ati l hands, are cawli!e U doing goixl or evil, :
cording lo the iuflamice wbich are made to operate
un litem. In a coontrv like oora, id moral lnsiety ,
the keen ye of io'en s will, to ell prohilnl.'y, ii
sure lliuir aliV and corr.fl msnaireuient in the
lection of Direolor of good clisracter, skill a. .1
integrity. . There ere pcr'ti whost opiu.ca aro
eolitlud lo tlie hi best resjieet, who rsi.iiend hf
have a anlTirieney of B"k caj ital. Tins I n
sdere4erlveMiem4. , I present Btockhoi,i.-r
mjht fi'ar further comrjetition i(ilh money nnrlo l,
f all Ihe natural c.aciiiet nr the M ite b-irt b u
jipproved, of if improvem-iif were woribtes. -Cut
the rrverse is the fact, and art immense inn.n l
jl required for thai purpose, independent of the
defioiency he lr.de and commerce. Onr m t
onaveoieiri lnl ore cleired, worked, ex'm h d
and deserted J our dwelling .re mostly of a r
and temporary kind ; our wiier power on!v e
sionally occupied bv small manufac'u'i i estuM.
ineni. our bound; mir.ee and e. alin.-i e, .
li;ty oeglecioJ t'"' wj art thee thin,'.
.....!u il...w .(. ..ImIh.I an..l w i ... Ir.H I ...U.r.l 'i. 1.1