Newspapers / The Raleigh Register (Raleigh, … / Jan. 28, 1830, edition 1 / Page 2
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LF.GlSL.VnVE: r -. ...V) leve" farmer indebted to the fcaksfo eiVHo ret-tted thithisexriente, nd ot;M-, Ir.- Long,' ' vWilsbamo v. I1 i 5 m- s 1 - i of Banltbcfc, -VVvToiilH the BanWfidHibtHer? indebted to hm ry.kf MiM t calliipbn Oiein,cwhich will -add Ao r it laether? locals B4i VToless to tlie distresslof the commuhitj, I thatif Kerhad held no stocfcTV; " Ussitre ThirwpHtdbt beihe oiiy evil which; r f';;cntie would ariscito theSii5munity, lro 'Jheri wimlitalip 4f thWBanks-the great re-: 4 ; V'. Ipdby, : diiWcm or the Circulating medium ofor i f'hpntW.tKhrtif frt rkV?ti resent i . , H ri frfA 'vfe y&Mly. ?f c 'not say whether thekmount of o.u r :A-, ?C.C- Wr.toe6iite-Tr(h'!th'ertiiiuthatt.at present i u Kw-w ljare?enftlfoce the Bill bV, :alctriateoT to oe li as the comma v TM mtjK at fargefpt aid thewfefose, 1-vr Pal property is worh that amount.' tf his J .BanVs ; ipfoeeeditt: forthwith ;to, c6t; ptoperty te sacrificed. for 55500, the Bank f 1' - 1 ir:eVic ,heiri;th'elto ' loses '8500 and he isruined. Butif time - v "f I, omplaifiaf0? an- be allowed :him, hwill keep his proper- w"erftareortof blaroerpplicatiion ; ty, and pay the whbletout of the profits C:'.. 1 fa3'made.tbviheXelature business.. : V" - J i a- loncer itiinei for the ' xbllectton of "their v.v - . r ..;dehsy rbn ' v i there bean prpceeding; )l l, V fjwerewillft to our ; . p s debf orsi ' bu tj th tytjje" put'i t .but fv ou r , ' a iit..wiBru iu piavc uic incy i88ue" inQre notes man me. ousi.iess j :. V; ' irijfefo of the country requires, they fall into the k iv'rKV8 liahds of other Banks or Brokers, who . I i- ill - V?' .MAtithn 99 fd !nt(nr1 ift Vtlijln '4-VkA KAnlra i k 4 : debts,lthev 5cannotf plead' necessity as ch ac- b, and 'timVi$-spekin&up reiore awn not mean:to occunv, mucn r ; KnewTnax.meircnarrerSiWon iu expire , . .i .s .- ' . ..- '. r 1 lL fl J iLV : '..Li 1 uxevcar' I oo,jiinn, Aiiejr-iugii,w riu nave f" "y ndlta h'ayeput their 5 debts in a proper uaurui uncVriiUJi ill ur tunc . iy, tic i the passage- of this bill 'would conftrct with I'the: bUl'at present before the 'Legislature X ' -'i. vrjastincatioiT,ei their measures i !..ouaitited witK'heBan'kine'busines! 1 v , . the v fr , vaskedwerftnedebtors to these Banks f - ,1 . SHe Delieyeu;the VTVV ' wet"e;prme:ipai tieDtors ; ana 11 so, ne ig .2- f s haHnabbfectibn to their abidihar the-cbn- Id t ' ae'nhiehces in r'i : ; v du I ?en ce.' S M ri was iof : opinion, that f' k t sy, jAnjdltfie bllla i tbat it;wa optm ;r. 1 1 cr-they would e lter: not. In. his V V'..' 'opini'ori, benefit pf the, -T l ' Prnt;Banlflsto T tV ,the gobdpf -ilie ppleVnd hoped it would V " ' 'riot therefo bill pass, - zi'J he jU4.'fi' "tBahks would I '.8o f tnahebpre ;.wou!d('''.(becbme. more v 1 Vnd-piore jolv He hope the char-f: X gle-hbloahyote hiyote . i k - ITW .''TiVjiABaifi hi Twna. inTavor of. thT - ' bill, a something of the kind is tfecwsarv ' to nreserve the people' from rumi The . v ,v- BahkVm'ust beipiacecTiha situatibh Avhich uhatab)e;the 5 trfjiduallyt ahdl)fUhe exterlsiou. of the. r . V - cnarterj as proposeii oe. noi.iipw grauieq, ; T - VMhe.' mnkit will immediately proceed to 1 theJcMlectibn)of Uhejr debts.: llieymusi. -t - I? noi;iqseinpyiuey .u r ici .aju iiittir inifcc 'i ' 'CiirJ'fiis aol! makeeilc.ulatidn,' , and ; ,tvhe w una mat 11 a aeoiarraniiany. pays feet. rbey- It 7. Van fmsiai m eni 01 n is iieni iyery u ays, i :'V'JStt ;ltiriuir8ix';vearft' to oav ttie whole. 1 ':) V5v P-tA'riii ib n'-'case jvhere no ; fad U re i n YfA- punctual itysliajl tajteyplacel5u piinc t 'I toalVty : in' every instance cant beiei- t -j. w ,i ne ' nanxs. ineii. must- commttuce a rd ore rigorous cou rsero f?co on imme- rigi-i &.);M?pS bill be not passed) i and that wltt iprtuce i. v . .:.; ; n,.a rKi rntp nl sit mOdi r.omnrijunrji waiitsf a 'the jtanKS'.iweive-moiim agw Yvasji ii rocVasibned byjh v rU.leof the 3tate :contdetediobrrigoo leciingJtMr debU thansits meconveni ; ; ;-jUaiccanin V y 0f ;ne:tenth of tfie then existing -det : 'xouiu jaercoinpiieu wiiii.! wiu u me pannst 'rfft 4 latureitpass -a J&ill of this kind j o have rft'feireu) ' v ' r v rjee Ol me people,-great win oe me .ais-? v y4jrc&s.artd uinberebyioccasiopi'--?' ;&-i-i' debtors of 'the Banks vere chiefly the strickhotder of theserfhsthtttio It4s . f - r-'-r - r,A- . irf ' ; t.-.'-j. i i.:iii inrt nmp -Trirasoinn iti nn inininn i ,ob large, the sudden severely felt ; and if cr reduction Would erreat inconvenience. Mr. : said. the i?reati obiect of this I bill was to ffive. Ihe oejoble time to dis - yi charge their debts, without too great; a ir'rificA hf nronertv'. v Snnnose a man owes to a-debt of. 81 000 to a Bank, and his pro v But it is said, the Banks will go onantl fill the country with their notes. This cannot be so, -from the nature of things. The United States Bank holds a power ful check over4 the Banks of theStites; All the business done by these Banks is done on correct. Banking principles- II a j wilt present them for redemption in sne cie. And this check is alKsufficient Some have apprehended that the Banks will wind lip their business too rapid lv.. (own interest ; as too hasty measures nere is a cirecK 10 nreveni mis meir in wonia nazaru me iuss ui pan ui uieir I u t At. i xi : I J.ki- u r , : ..nn ....II iuuuia--uie i urcaivnig ui unc . man, wui brejak another, so that the ruin might be come wide-spread and disastrous. , Mr. F could not see how the passing of this bill could; have an injurious effect on the proposed. Bank of the btate. It ives to the present, banks the power ot ividing their capital, rom time to time. as it may come into hand, so that j they will return to the Stockholders (the State as .well as others) a part of the money ad vanced in the concern sooner than theyj could otherwise have done Mr. CgBrien observed, that this was not a question between the Legislature and the Banks, it was one in which their constituents are deeply concerned. If the question were put to the people, they would, certainly be in favor of the mea sure ; and what is calculated to be bene ficial to themrVe ought pot to refuse our support. - ' ' :';f" ' It is said, that these Banks haV& in yolved the people in great, distress, and the sooner; can get rid of them, the better; All this may be true, but the question, is now, as to the best way of ex tricating tbe people from their difficulties. And he believed that the bill under con sideration wnu'd afford "the relief requir ed. It would afford them breathing time, lie looked on the measure in the light of ah offer fronv the three; Banks to the Le- gislature, saying, if you wih us to afford sufficient time to the people to pay their fdebts without being under the necessity tfa;rincing.their estates, we are will- ing, and put itjii ycur power to sanctibli the agreement; vThey ask nothihg? for themselves the I provisions of the bill are pfincipaljyintended to favor the debtors of the Banks. How ;tn is bilVcou Id operate on-the pro posed newBank of the State, he could ii'ofcseeV He considered the questions entirely distinct. .Mr O'B said gentlemen .who consi dered this measure as 'calculated to re lieve the debtors! of the Bank alone, were mistaken. ; It would operate op the com- Vnunity ' generally as those who do not owe tue mnK may oe inueoteu to those who do,' which produces a general interest. flfr. Tf yqhe moved to extend the char ters of. the; Banks.to the year 1840, in stead of 1838; 'as vitmiaht be possible. Uhat owirtgtrparticalar circumstances,; me Dankft jmign t j pot nav e col I ectexi the whole ofltheir rfbtsjiwithin the period at preseWfikdn-thebdl '- 1 ."'. :y:Mc parim Koped tlieamentjment wotildrnotjpreyail, ashebelieVed it wouUt be?fbr themtere?t othecomraunity that the sifiess pftese?instljtu beAveUhd j li p Jasisolan as'Sc'bp vnientl y JWreWtt 'S?mWi5 . C K.- rr ' v .. vr, "f: - v-M or ibo small. Ifol b&tth hahiireatadantaI iTThVtfi nitufat cabacihes; that thet knew the vear'ahd thVari Jeiral existence would ternimate The year of 1835 stHiufd ? have' beeh to them vas the writing- nn the wall was tbii Belsbarzar r "that ''8 their llavs were nurober-d,,,--ft should haVeeen as the vmce of -ad mom t innJ tn 1tt t hihftJmuse in 'order. for i hou shalt die." These" Institutions tell us iKS t they, cannot arrane their affairs b year ia35.; Can they by 1840? -J t a hir.h "not only this corporation is about to pursue, but which inilivufiKits r sometimes found. pursuing; tn..faVnrinP' to nrbcrastinate the c losing of in merlv,Duttin2 off the evil daynd, perhaps treasuring up wrath against the uiy or wram The att'iirs of anv man. or set of men, are des- pcrate, wnen yWi the&ce pcrafe, wheA'fhejr cannot look them stern- . .. " M r I,, . Hit tor the jn erestot mese cornorations to continue doin, Dusmess, which, if we believe them they assert on ajlhandsisa losing one? Do they not say that tht ir stock does not cfecfare the legnl interest of their money ? We must believe this .to be a fact. Then it cannot certainly be my interest for them to continue exer cising their banking privileges. They say, it is the interest of the people, a de sir to be lenient to their debtors. :We do not know what their motives may be$ but we should watch them with a jealous eye. It was the remark, of a great man, that " he had but, one light to guide his path, and that was , the light- of experience. V And what do- s xpenehce show thjs House as regards the imlness and lenity which have marked the course of thse Banks ? They -may have shwn lenity; but we are unfortunate. in never experiericiirg its hap pv effects. As far as I have seen, their le nity is of that kind that the devouring wolf shows to the; defenceless : lamb If hfy have waited whh their debtors, they only waited as did the Jew of Venice, until .In knife Was whetted, when he could more easily procure the pound of flesh, the pe nulty of the bond. The people by whose kind partiality I now occupy the attention of this House, have reason to be grateful to Heaven, that when these Banks were establishing their branches, they placed not a branch of this deadly Upas in their country, whose tendency is to. poison snd destroy all who come within its influence. The mass of 'he people of this State are not in debt to the Banks. Why ? If the people wished, the people could not bor row from the Bank. ' Ii is only .a few di rectors, or influential stockholders that could obtain accommodation at these Banks. The ; people had as well have asked the ocean to yield its treasure, as to apply for relief at these Banks. Bui yet, gentlemen gravely tell this House, it is the good of the people that requires this extension ot their charier. This has been, sir, and is now, the artful cloak of the most unhal lowed purposes. Ak the demagogue, why he sacrifices the dearest interests of his country at the shrine of his own personal aggrandizement ? He will say it is the. good of the people. It was for t he good of the people that Csesar crossed the Rubicon and the interests of the French pathn required, in the mind of Napoleon, that he shuuf d " wear the Imperial purple. The Bunk? too, tell us, that it is the good of the people that requires, an extension of their charter. Good ofthe fieople, sir i When has the time been that ihey have ho: been a curse to the people I I remember the time when a poor man might have toiled and sweated for a dollar and if it was paid him in tfie money of these Banks, he could not in a neighboring State, obtain enough bread for it. to satisfy his hunger. It is the I interest of the people that these unhallow ed institutions should not longer exist. They, should, by their representatives on htlii siloor , be bound hand a u d foot, and.cnst irom among mem as evM spirits, it is now sixteen or js'evenleen years since these; in stitutions, bthe mistaken kindness of the Represehtatrves of the People, were plac ed among lis,' and they have been produc tive of inore. evil than all the causes of na tional calamity combined. Our sister State! may complain of the Tariff ; but that j IrtW, in its harshest operations,, is lenity person ihed, compared with-the thraldom under which the oeoole of North-Carolina have groaned from the Banks., it is true, that for a' few. months they have been careful inth uo security tbaUtrieyhwill cotiiue saSjrLast iwuifer, a (e w"dariiispirits,armed 'with that: holy ardor which : a virtuous caoie inspires;'' ex aiiiined.iiito the affairs of th'eseCbrporati ns, and a. mass of corruption was deve loped. Wet racked the lion tohis deh, amlwe ought to have slain themonster. -Siiailwe; after this struggle allow himy(to usethe xpressioh ofltbe gentlpmah from ranvUie,r.teo lime to rtih forth aainfjiipoh tbepebnle tbTde- stroy iheir hdupiness-and devour their pro "ri f oa,.Ty;uuviru ,uie, aiue mai wjh: thhbnorble Wxce)tioiif c,f61lorise$6lutimubin(ttediby MrV toot, whlchWAs Under conMderal bW -fL v t tirir. ,: v --jis . vj? -1 j f yeseraay wnen me jOenaie amourneu, -' ifao2w&4That the Committee on Public Lands jhe tostrueted' to enqbire;ino the,,Xp-" diencytbliraiimj-forac periodrthers4l of the public lands to such laudst,oiily 'Mvf.e. heretofore been . offered fbr. s4le, ?'and are swd ject to entry at the mini ouro prie And alscf whether .the .office of Surveyor .General may not be abolished witKout "detriment to the pub he interest v :r :i Mr. Holmes addressed theuHoose at considerable lengifyj in suppoft of the re solu tion, and in reply' to the argu men ts of Mr. Benton, and Mr. Kane ' Mr. .Woodbury, after sora explanatory remarks,' moved tb'amend the resolution, by striking out' all from the word 'expe diency" and to insert the following : j Of adopting measures to hasten the sales and extend more rapidly the surveys of the.public lands." r -;f v A long and interesting debate then en sued, in which Mr. Foot and Mr. Smith, of Md. spoke in support of the resolution, and against the amendment,, (though Ar S. was adverse to the object suggested by the inquiry,) ad Mr Barton, Mr Li vingston, and Mr. Hayne, against the re solution of Mr. Foot ; ; At the conclusion of Mrr Hayne's re marks, and before any vquestion-was tii ken, the Senate adjourned Wednesday January 20. A The Senate,reumed the consideration of the resolution of Mr. Foot, which, was the snbject of discussion-yesterday. ' Mr Foot rose, and said that in con for nlitv with the suggestion of Mr. Sprague, maie yesterday, for the purpose-of meet ing the views of Mr. Woodbury, Ije would modify his motion to read as follows : ' r Resolved, That the committee on Public Lands be instructed to inquire and reoort the ouamitv f of the public lands remaining unsold wiihiji each state and Territory, and whether it be expedi ent to limit, for a certain period, the saW of the public lands to such lands onl js luve here tofore been offered for sale, and are now subject to entry nt the minimum price ; and also, whe ther the orBce of Surveyor Geneial, and some of the Land Offices' may" not be abolished with out detriment to the public interest ; or whether k be expedient to adopt measures to hasten the sales, and extend more rapidly the surveys of the public lauds. , - rSv- Mr. Webster rose and adtlressed-the Senate more than two hours; in reply os certain statements made yesterday, ancj opinions expressed by Mr Haynel,. espe cially? in reference to and in vindication of the course of the General Government, and of New England States, towards the new States of the-Union,- and concluded his speech by moving the indefinite pbs ponement ofthe whole resolution. 'f?sf Mr Benton .JTol lowed, and poke in re ply to Mr. VV.- particularly controverting what he had urged in defence of the course of the N. England States towards the new States of the West. After speaking some time,. and remarking that he was not now prepared 'with the author ities and references nebessary to support his statements, not expecting to need them he yielded to a motion to-adjourn and the Senate adjourned. 77iurs'Jay Jan. 21. Mr. Frelinghuysen offered the following resolution.. "!- .v" a? Aucawocuf ui u wic occreiarv or waroe 16- T 7 t T-U t. .1 . T . quested to hirnish to th Senate any information in the possession of his Uepartrnent; respecting the progress of civilization fat thef last eiMit years among: the Cherokee, Oeek and Choctaw nation of Indians East of "the Mississippi; M. the present state of of educatjon, civil trovern- rmnt, agriculture, and. the mechanic artil a- mong those nations.' . i . .. Th eResol u t ionheretofore offered by Mr. Livings tony!iuthorising a subscrip tion to the '. Gompilpbf .-. Pbl tc; 'Dbbu ments proposetlto be published by Gales & Seaton, was read the second time, arid taken up in cooimittee of the !WJioe.: Mr. Woodburyhen nioved in fay jiM resolution on the .tabled' VYhidi was nega tivedr-Ayes.l 5, Noett- . . Mr. Livingston mbvedto, add the; fol lowing proviso, which was agreed toj ; ' r- Provided That the .mimber of volumes shall uiijijf, iiu Him kvrtcuiiuii or xne Documents be made under the direcUorrof the Secretary of the Senate.' ' : ; V MV. Rowan then, moved mddrto? $S Proviso f ' and that thrice sUall hot "ex ceen the rate, of public printing,'-which was decided in the" affirmative by the cast-r ingbtebf the'Vice rewde'nL;;:: Mr: Vhife then renewed tlie motion M lay. tlie resolution on the.tabre, which was Mr. Benton moved to proceed to the ; Air. mmbuWenE tnitbe. TofntiobospbV wftichfwat 1alsbnegaiedelflfc erf rtiuetioritw;a juMimvu,is ii fcf.iimM c -.j ii jvoinmi iiee o r i o e Ie JMrhalnberc Wratl,iDpl5 lallen ttrom.rthat entlertrian- , -r'j v. -.l1 . ""tn m gentle,; 1 is char meapoa in the r, &rd WPM turning Mirl : WelteI ;i jnread y to ri.r.:i ' Mr. BentdP tliin-rbse, and address theSene abpurinvhour in bontinuaii ana conclttsibrt blmeanPrh i.;;, AVebster;:" AIf Mr. ' HaVhft fthpn Onlr' spoke. about an hour1 In reply to 'M . u... iter's remarks of yeiferday. and thPn . j!" "v p v J . " - 1 Tuesday JoTfrnury 19. . v.; 7oi ?!Heterrcd theme. mi iSira? igHtunr.xuntestin, the election and return of George Fisher' as one of. the memberf of "this lln.ua r'. tht State of NeWrYork; ? made a -report thereon : whif,hv: report was read: , committed to a Cominlttee of the Whuie! rusveonAuesuay.pexu . : The House reaurneIShe consideration the 1 hDecembfeir ult, ; The question mfir1n1afeeini t that member pr portion nhereolv which tt contained nv the following words : me puierution.?Aud deci. ded in the affirmative.Yeas 98Na)s84 ; On this question . bur members v..te i as (oUowsyiziD the Affirmative; Messrs' Barringer, Conner, lieberiT, Rencher! W "ft-- v2K.i;iV-.-A.j. fJ-'i' T- r w ' negative, AIsisrs:?Alslonv Carson, Dad ley Potter, Speight audi Williams. - Ttie questitvi :a& herputi wiH the toe buiM4iesomiiop, vvnicn is contained g the fol lowing words : - And Internal Ira Ami d ecidea m the -Pegavive. Yeas 92 Nays 4.: - ' On this uestienMelsB Conner, ueoerry;; IJodleyRenpher, if, u. sneparo ana JA: cttSheiSperd, voUd in the affirmative ? andMessrfAlfitn Garson, HaU,f Pbttr Speight1 andWli, iiams in tlie tiesatiVe. 4' H5rM!u;,win;ciy House agree tp-thatm laid resolutim!wliich?isonfaid fbl Idwing , words npruportibn MM representation .4f;achjytliqn?'8' Ipresentati vesvrwith' leave tb.repcrt by bi I lor other wise and-'d ecided as fol lows-'ii; i.JNay:rr r Scrthe-lst, Smifand 4Smember ai dgrpsol u tionf were J areedttb by .the House; and the.thirdTnember.thereoftfaj ejected. , -; . , , . 1 Te resolution agreedftb bythe House! isTotlbws-: ; :5Bf.';. V ?ofee'That a elect Cornmirtec belp pointed to Inquire into tfw ejedilacy of ap- Jhlic Laiaongfthe yeralc; states '.fid Territories Itorf !the; purpose J of education, i .proportion to the representatrbn of each in the House pfBepresentatives t,rith leave q rtp hy bill or otherwise. "V ; - v'amiMeanTreWrted'.a'bllltb rru late and fix the complbsatioftof the CkrU lptbeypartnjn'tf Stated which y vwice reau anq cnnimiU$a to.the COinmu tee of tlie whole, otfthe stafeyof the Unicu , The bnly subje'einftm whtcl came- bebrlthe;ttoi the bill to alterjiindtextent tlfe Judiciarr System;xfMes9,fs.4St itiigiuu .ticiiwci eu iueirvviews.)u;tiie - Thursdoin Jajt 21: , '"'"""''l'r iAsion,tjrie ;iiou5ti toot upithepecial order of?the day, vemto comn U ChaiKou the renort aflrnnirniitn Electlbltsm thCinmbrtalf Ruel Wai burri; tcpritesUflShe! electinhf Jarocs jRrpleyTetomeajas one "oKthe Imembep ;pf this HbuseTorme.Stam of Maine. JfThe Report is irf favors blithe iW 'inemb'e?vret'aining:Jb1sl9eat tmrandvMrfiStbtriftN EllsworthVainsBit 'Cheriana-alaofoine wejaei.ottievcaac. Hhe last:mennoie of whdm conel ud ed his Vemhrka by ffl ask W i dirigly andyhavinlz-bbtained leave rose BVitv irvTjijrpiaucKcoiQvea uiai i icw uu.Mw oi i ie Biaie oi lYiaine ue v i ifeMriM'Duffielrorarm o; ject and the HousejHljouVned Selore an? ciuestbnai;hr- L -.Sit' :-.'..-? 'Ukttr uvQvuicii;was agreea to ; ana toe nyi Jtljburbed : v seni ntm lonJxt andvmequestibtbei ii; '"w;.: -rLi ;a 'tii;i:'P v f.'- He'iaidl . St- . . V ' r :(. , . !. - , J ad -n,' - . '"-L . . . ' .-v W U l a ZL. i mm M UIM Jl . K . Alilll ? JK AM Mill . 1 Tl I" I - . I I 1 1 MM - MM m ITY . . f Ik W -W - K jrV. MMika. . h L - . J - . ' . I - T L m r -m irv "m. T" - . - M . V -X -. ..
The Raleigh Register (Raleigh, N.C.)
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Jan. 28, 1830, edition 1
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