North Carolina Newspapers

LIBERTY. ...THE CONSTITUTION. ...UNION. VOL XVII, NEWBERN, FRIDAY, AUGUST 23, 1833. HO. 854. PUBLISHED K :.t. BY THOMAS WATSON. r TI-RMS, 'Three .dollars per annum, payable in a lvance tf.-nm iho New York Standard. plan for a National Bank. i . OUTLINE OF A , imuhlet under the above title, with inciden-! VLinrks on the Bank of the United States, I iam . ., .... - Jypm a meeting convened on the 20th of Feb rdary. J&'2 fr the purpose of receiving a re or( from the Committee of a former meeting, hm was referred a plan for a National flank. Preserved Fish resumed the Chair, nlj Henry WfHicks was again appointed Secretary. committe composed of Isaac Bron3on, (Jeorge Griswold, Daniel Jackson, and John' Bolton presented the report containing the outline, which commences with strictures upon the present Bank of the United States. We annex the principal features of the plan I as they are laid down in the pamphlet betore us, believing that in this manner one of the ob jects of the Committee, at least, will be best promoted, namely that of inviting discussion. 1st, That a Bank of the United States be established by a new act of incorporation, for the term of twenty years, with a capital of thirty-seven nnd a half millions of dollars, whereof ten millions to be subscribed by the Govern ment of the United States, and twelve and half millions by th several States, in the ratio of their electoral votes, (subject to modifications introduced into Sec 1 1th,) in a stock bearing four per cent interest, payable half yearly, and subject to the restrictions hereinafter specified. .The remaining fifteen millions of capital to be subscribed by individuals or corporate bodies, and paid lb fin money. The -stock in which the subscriptions of the Government and the Sates are to be made, to be irredeemable during the existence of the charter, an 1 inalienable as regards the Bank except with the consent of the Government, under circumstances of imperious necessity :iml then only in hypothecation, for money borrowed for the term of one, two or three rears. The Ihnk Stock subscribed by the general and state governments not to be sold during ttie existence of the (.'barter. Thdividcnds of Bank Stock owned by the general and state governments and the interest on the -1 per cent, i Stock subscribed by them, . in payment of their , Bank Stock to be made 'payable atone and the same period, at the IV.Ulk. ' The excess of dividends over the interest :avahie bv the United States and the several Slates may be considered an ample ' far l).!!us to the former, and for tax - r.irt r f ')( the latter. substitute es on the The Uiiiied States to appoint eight Di rec:::rs, and-the states to elect ten Uirectors, tiiii'iwit more than two of those appointed by J lie United States, nor more than one of those eVeted by the States, ' to be residents of the oajue .tate. The money Stockholders to elect twelve Directors, each stockholder being a citizen of -the United State-, to vote in person, and no votes hv proxy to he allowed, excepting those ul Trustees, Guardians, Executors and Admi nistrators, who may delegate their power to or of their associates and excepting also corporate bodies, who may authorize one of their officers or a Director to vote on their be half. At the annual election, one fourth of the Directors elected by the government, and by the money Stockholders who shall then be .in office, to retire from the board ; and of the Directors elected by the States, two to go om ofoffice.the first election, three the second, two the third, and three the fourth election. Stockholders residing out of the State in which the Bank is located, may lodge their votes at an office, on a certain day to be speci al, or maV forward the same by mail, addressed to the Cashier of of the Bank under a sealed envelope,-on which shall be written the num ber of shares which they respectively hold, bearing their own signatures written across the seal of said envelope. The votes thus sealed, if lodged in the offices of the Rank, to he forwar- dpft lllf t'liei ocKin. .1 "111 j gonitis uiereoi, accompanieo Dy a statement and a list of the stockholders and number ol shares then on the books of the res-1 pective officer and which are not to be opened umu me ciose 01 tne polls at the Bank. Each subscribing State, in which an office is established,, may appoint two Directors of such Office. Other Directors of Offices to be appointed by the board of the Bank. 44 At the first meeting of the Board of Direc tors (after an election) a President, a Vice President, and an Executive Committee of five members be appointed forthe term ofoneyear, of which Committee the President and Vice President should also be members ex-officio " The President and Vice President of the Bank to be re-eligible as Directors; the office of President, however, not to be held by the same individual two years in succession, but to be filled by the Vice President or a member of the Executive Committee. 3. The Bank to be located in New York. 4. An Offi ce of Discount and Deposite also to be established in fhe same city, for the man agement of its Ioca business, "with a specific capital assigned therefor. An Office of iDiscount and Deposite to be established in each State, but it shall not be obligatory on the corporation to place an Of in a non-subscribing State, unless required by the Government of the United States so to do, The Directors of the Bank to have the same, Jut no other control, over the Office, in New fork than is exercised over other Offices. Capitals to be assigned to each Office, and va"ed at pleasure. 5 The Notes or Bills issued by the Bank to oe made receivable at any and all I the Offices SrHment of debts due xht BanI or Offices, ca also :n payment afOdtefaroenl Kcvcnee. 6 No note or bill to be issued under twenty dollars. Checaues or Drafts not to bear the ; similitude of current Bank Notes. i 7. No note or bill having more than ninety days run to be discounted, either directly, or indirectly, nor anv loan to be made for a Ion- ger Pprioti than ninet.v daJs h.v tne or - - , ..n.. any of its Offices; and every note, Dili or other obligation to be bona fide paid as they respectively become due ; nor is any renewal to be granted unless the essential interests of the Bank should require it, and then only with additional security, and by the affirmative vote of three-fourths of the Board. 8. The whole amount of profits to be divi ded half yearly, excepting only a reasonable sum to provide for losses ; but the fund thus reserved not to exceed two millions of dollars at anv one time. 9. The Bank not to charge over 6 per cent. per annum on loans or discounts nor to dealtin . . 1 . 1 1 V; P.vrbnnirP. hut to have this privilege in Domestic billsof Exchange and in gold and j silver bullion. 10. The amount of Discounts and loans not to exceed forty millions of dollars ; but, if from I h o,rrntP stntpments of the Kank and its VyllJCcS, It uj a t any viuic iuuuu uiuv iuia ouui has been exceeded the excess in that case to be ; reduced within ninety days. 11. The Stock of the Bank appropriated to any one State not to be less than 200,000dollars, whether entitled by its numbei of Electors to this amount or not; but after assigning this mimirnurn to the States that may be thus re- stricted, the remainder of the twelve and a half millions to be appropriated among the i other States according to the pr6 inor to the pr6 visions of the first article, and the capital may be increased, on the admission of each new State into the Union, to the extent of 8200,000, if desired by such new States. 1.'. If the capital assigned to an oflicc be more than do;-ble the amount of Bank Stock appointed to the State in which such office is located, the excess may be taxed at the same rate as State Banks in the same State. 13. The Bank to render the same services to Government in the collection and distribu tion of its funds, and on the same terms pre scribed and provided for in the charter of the existing Bank. From the Louisiana Advertiser. Important to Emigrants for Texas. t: Caveat Emptor," We have received the subjoined letter from a most respectable source from an American who is a citizen of the Mexican Union. It may save manv unsuspecting persons from dis- appointment and loss. The gentleman shew- ed us one of the patents, nicely engraved, num- hereel, issued, and sold in INew York (city) in 1830 for '5 leagues of land in Texas. It prov ed a buble of course ; and he had just forwar ded the elegant script, but Worthless scrip to the purchaser. j Sir 1 have observed an article in your pa per respecting Texas. I feel it my duty to give you farther information respecting that interesting country, that those who design to emigrate thither may not be ; imposed on by sharpers in ine nrsi piace i woum auvise no man 10 , purchase any land in Texas, unless through the medium of a confidential friend, without first seeing the land himself. According to the colonization laws ofTexas, every settler on taking the following oath, viz: You swear to God to subject yourself to the ' Constitution of the United Mexican States, to the Constitution of the state of Coahulia and Texas, and the general laws of the state and na fron which vou have adopted;" if married, to a league of 4444 acres and his choice of any un located land, on his paying the following fees, viz: To the Emprededor for the admission and attending to the business of the colonists, $50; Stamp paper title, 812; Commission fees, 815, Surveying $48; Government fees paya blein4, 5, and a years, $34; making &159. a wiuow wiin cniiuren is entitled to tne same as a married man ; and a single woman with out parents, on the paying $105 50 cts. to 1111 A il . 1 111 i .1 ' acres; and on marriage with a man he can draw OOOO 1a . .1 oooo more; oui no man can gei more man a league, unless by a special act of government. In Austin's upper colonv. North Americans are excluded, but it is expected the present Con gress will repeal that odious law. As you say in your article, ; no title can be perfected until after 6 years residence in the country, persons purcasing of those who have taken up lands, and are actual residents in the country take out an instrument, called in Tex as a title bond, promising to give the purshaser a title when the vender receives his from gov ernment. Although the emigrant is not obliged to reside on the land taken out by him, yet he must in six years build a habitation and make some improvements, or hh land will be forfeited. Hundreds have been imposed on by purchasing scrip from those who pretend to have grants from government, have lost their money. No foreigner can hold lands in Texas; ne must be an actual resident, and, if a man of character, can claim as above. I will add, that Texas is settled principally by North Americans, and a convention is now sitting at St. Philip de Austin, for the purpose of organizing a state government. From in formation I have received from S. Wiiliams,t Esq. at the Land Office. Texas contains from 25 to 30,000 inhabitants, 6,000 of Vhom are Mexllcans Austin's colonv from 8 to 9,000. 1 he manners and custom's are similar to those in the western part of the United States. 1 he law. for the collection of debts contracted by residents of Texas are severe; debts can be collected in half the time that they can in the State of New York. The staple products ofTexas are Cotton, Su gar, Neat Cattle, and Hogs, Texas contains every variety of soil. The climate is mild, and in the upper country they are free from musquitoes and other troublesome insects The face of the country is oremlv U7vn j , - o "7 'iii, ami mr aici guuu. ftooui iwo-tnirds of the soil is rich prairies. The country is probablv Pt. tling faster than any portion of the globe. x ours, truly, A CITIZEN OF TEXAS. We are not certain of this word, in a cramp hand. fSamuel Williams, formerly of Baltimore. The following is a part of an oration deliv ered recently in South Carolina by Thomas Grimke. It is a beautiful extract, and we com mend it to the attention of our readers. Mr. Grimke, is extensively known we believe he has relations in this city and wherever he is known he is esteemed. Phil U. S. Gaz. Our country ! Our whole Country ! how af fecting are the ties which bind us to "thee; how venerdoie is my claim to our taithlui services, . ii .i i to our Puvrest affections ! What indeed is our country, but a parent, by obligations the most sa"ed and sublime; by associations the most delicate and comprehensive ; by prospects the ,,,UBl auunauiig aim uengniui ! in our Amen tn creed, what article then is of higher au- thority, of deeper interest, of more enduring value, than the precept, which commands us to reverence and love our country? Are we bound to Father and Mother by relations, which God himself has ordained and enforced ? So are we to our country. Are we bound to our parents by all the sanctions of civil socie ty, coeval with its origin, expanding in its Progress, and destined tp endure while social e sna ast So aro ' we to our country. Are we bound to Father and Mother by all those natural affections, which make them the venerable of human beings, and home, the happiest spot upon earth ? So are we to country. The parents, whom nature has giv en us, die, and are laid in the earth, by the hands of theirchildren ; but Fatherland protects us in life and hallows our graves Our parent country still survives her children. She is immortal. Shall we not, then, in the spirit of gratitude, reverence and love, engrave on our hearts some maxim, not less beautiful in its moral, if we consult only our interest ? And where shall we find a precept more venerable fonts antiquitv, more commanding in authori ty, than the inscription on the Table of Stone? 44 Honor thy Father and thy Mother, that thy days mayT be long in the land which the Lord thy God giveth thee." Our country is indeed a father, to be reverenced in the Authority which commands our obedience; and a moth er, to be loved with all the enthusiasm of grati tude and affection. No voice from Heaven has indeed proclaimed, amidst the thunders, and Jiffhtnin L. tt , and clouds of another Sinai, r tny ountrv, tnat tnv (lavs mav oe long in the land, which the Lord thy Gcd giv cth thee." No miraculous hand writing has denounced against us, the sentence of destruc tion for unfaithfulness to lfer commands, for hypr,ocrisy in our affections. No Prophet or Apostle has recorded with the pen of inspired truth and by divine authority, 44 Thy country is thy Parent by all that is most solemn and binding in duty, by all that is most eloquent and holy in love. But Hhe voice of nature, nnrl file locti m nnir nf -ill Pvnflrionci thr Jipirb t t nnH ti flrlrt rp nf Philoconr. tW Lnv of Eloouence. and the enthusiasm of Poetry, all, all attest the truth, "Thy Country is thy Parent." From the New York Evening Post. NAVAL ANECDOTE. Some time in the early pait of the late war, between the United States and Great Britain, as the frigate President, Commodore Rogers, was standing in for Block Island, between Gay Head and Montauk Point, under a full compliment of cauvass, she espied a long sharp "clipper built" schooner with English colors, under the lee bow, sailing towards her. bearing a set of signals which were not under- (stood; the schooner was therefore pronounced to be an enemy s vessel. The Commodore, however, by way of ma king a feint ordered a flag run up, and hauled down again immediately. This had the ef fect intended ; the Schr. believing that his sig nal had been duly answered, and not willing to appear dull on the occasion, forthwith hauled down his signal and stood for the President, supposing her to be one of His B. M. frigates. The President now hove too under English colors. The Schr. came alongside, and was hailed. 44 What schooner is that? 44 His M. schooner Highflyer," was the answer, 44 Come on board, Sir, with your papers." 44 Aye aye, Sir." The boat was now hoisted out, and a British Lieut, came alongside. He was piped over the gangway, and immediately ushered into the cabin, where sat Com. Rogers, to whom he handed his instructions. 44Umpli, so, Sir, you are looking for the American frigate President, Com. Rogers. 44 Where JtiT 1 il ,nrlrnn'" ' VpS t O I'd Q V did vnn Ipvp the sauadron:" " Yesterday morning off back Long Island, Sir." "How was Com. Hatdv?" " He was very well, Sir." enffiripnt descriDtion of the' President, to enable you to recognize her when ; you shall see her?" "O yes, Sir, we cannot: fail to know her immediately. v en, oir, lono-er in suspense, 1 have the honor to inform you that you are now on board the U. S. ship President, and I am Rogers!!" Meantime all hands being piped to dinner, O - m . "1 the officer of the deck ordered tne Doaiswain s mate to invite the men who were in the boat to come up and partake with the crew. The Boatswain's mate accordingly looks over the side, and says 44 Shipmates, come on "ShinmatPB oh " i i ii r . i dent'sjib "Isay Tom, do you twig tmu sZif canvass jib? Shiver my topmasts, but Broth - says a dry old lenow in me aci oi taking out begged to know uic " his last hour's quid of tobacco, and looking up and was delighted with the taste displayed in at thp same lime verv auizirallv at th rpi- k choice of her author ; she earnestly sohci- er Jonathan has diddled us this time, as sure as the devil's in Lunnun. But never mind Tom, we'll go aboard land get some grub, and see our new messmates may hap we shall find plenty of Yankee grog, with a dish of long siveetnings, and a comfortable drop of old Kcntuck. WATERING PLACES. BY JAMES II ALL. Miss Simper appeared at Saratoga in an el egant suit of sable. She was said to be in mourning for her father, an opulent broker in Baltimore recently deceased. Grief had was ted her health, and weeping had washed away her roses and she had come to recover her blushes. Miss S. of course was an heiress, and attracted great attention. The gentlemen called her a benntv. and inlL-d pi her relationship, bank stock and .ecnriiiesH Some of the adies thiirhi hpr.'; sallow, and some objected to the style of her dress. Mrs. Hig'i iyer said she had riot the V VUMIJIV- Bv 1 W 1 - a . air of a woman of fashion, while Captain Hal liard, pronounced her a suspicious sail, and declared hi s .elief that she was a Drivateer in disguise. The fair stranger however walked daily to the fountain, modestly cast down her eyes when gazed upon, and seemed unconscious ofall but her own horrors. About this time Maj. Fitzconnell appeared upon the busy scene. He was a tall, handsome f ' J J - 1 -: . i man, ol easy auuress anu ponsneu manners, who seemed to regard all around him -with an T, air ol very pome unconcern, iie was an nounced as an officer in his Britannic Majes ty's service, and brother to Earl Somebody in England. It was reported that he had large landed possessions in the west. He did not appear to seek society, but he was too well bred to repel any civilities which were offered to him. The gentlemen were well pleased with his good sense, his knowledge of the world, and the suavity of his manners ; but as he seemed to avoid the ladies, they Iiad little opportunity of estimating his qualities. Maj Fitzconnell and Miss S. met by acci dent at the fountain. The office who had just filled his glass at her approach, presen ted it to the lady, who in sipping the trans parent element dropped her handkerchief. The gentleman very gallantly picked up the cambric, and restored it to the fair hand of the owner but the blushing damsel, abash ed bv the easv attentions of an elegant stran ger, in her confusion lost her reticule, which the soldier gracefully placed upon her wrist, with a most respectlul bow. A courtesy on the one side and another bow on the other terminated the civilities of this meeting. The gentleman pursued his walk, and the lady returned to her chamber. That Miss S. felt duly sensible of the honor of having eli cited three graceful congees from the brother of an English Earl, cannot be doubted ; nor can we suppose, without injustice to that gentleman's taste, that he saw with indif ference the mantling blushes which those attentions had drawn forth ; certain it is how ever, that as they separated in opposite di rections, neither of them was seen to cast 44 one bulging lingering look behind." As I had not the privilege of intruding in either of their chambers, I cannot say what fairy form might have flitted around the Major's pillow, nor whether the fair one dreamed of coronets, coats of arms, kettle drums, and epaulets. In short, I am not abfe to inform the inquisitive reader, whether the parties thought of each other at all; but from the extreme difficulty of again bringing two such diffident persons in contact, I am inclined to think the adventure would have ended here had not 44 chance, which oft decided the fates of mighty monarch's," decided theirs. Miss Simper s health required her atten dance at the fountain on the following morn ing at an unusual hour; and, the Major while others were snoring, had sallied forth to enjoy the invigorating freshness of the ear ly breeze. They met again by accident at the propitious well ; and as the attendant, who is usually posted there to fill the glasses of the invalids, had not yet taken his station, the Ma jor had not only the happiness of performing that office, but of replenishing the exhausted vessel, until the lady had quaffed the full mea sure prescribed by the medical dictator of this little community. I am not able to say how often they pledged each other in the salubri ous beverage ; but when the reader is inform ed that the quantum prescribed to a delicate female, varies from fcrur to eight glasses, ac cording to the nature of her complaint, and that a lady cannot decorously sip more than one mouthful without drawing breath, it will be seen that ample time was afforded on this occasion for tete-a-tete. The ice being thus broke and the water duly quaffed, the gentle man proposed a promenade, to which the lady after some little hesitation acceded ; and when the great bell summoned them to breakfast, they repaired to the table with excellent ap petites, and cheeks glowing with health ful hues, produced by the exercise of the mnr nin nr t 10 o'clock the lady issued forth from her chamber, adorned with new charms, by the recent labors of the toilet, and strolling pen- sively, book in hand to the farthest corner of the great piazza, commenced her studies. It happened at the same moment. that the Mai. fresh from his valet's hands, niea . . ? a. Uvaof h J himself to the same cool retreat, iu utcom forth tne melancholy musings of his soul upon his flute. Seeinff the lady, he hesitated, be2- ge(j pardon for his intrusion, and was aDout to retire but the lady assured him that it was no intrusion at all, and laid aside her book. Ihe i cnnn seated beside ner. He D ted a display of his musical talents, and was f enraptured with every note ; and when the . i r-nKiont of hpr rpsparchne same impertinent bell which had curtailed thei morning walk, again sounded in their ears, they were surprised to find how swiftly time had flown, and chagrined that the common place operation of eating, was so often allowed to interrupt the feast of reason and the flow of soul. At 4 o'clock, the military stranger handed Miss Simper into an elegant gig and drove to the neighboring village, where rumor soon pro claimed, that this interesting pair were united in the bands of matrimony. For once the ma ny tongues of fame spoke trulyand when the happy Major returned with his blushing bride, all could see that the embarassment of the lover, was exchanged for the triumphant smile of the delighted bridegroom. It is hardly necessarv irk oill tVifit ci,V nm.i tVta colntocir . a uu -uv... r ..wv. ommuijr CUCCl Ol tniS pleasing event, that the young couple' found themselves restored instantaneously to perfect neaun ; aim on uio lojiowmg morning they I I i L . I L J" II I " m bade adieu to Saratoga springs. -' This is a very ungenteel affair !' said Mrs. Highflyer. 'I never heard the beat, of it in my born days!' said a fat shopkeeper's lady. 4 How funny !' cried one young lady How shocking,' exclaimed another. Egad, that's a keen smart girl!' said one gentleman. 4 She's a pirate, by thunder!' roared Captain Halliard. In the meanwhile, the new married paiv were pursuing their journey by easy stages towards the city of New York. Wc all know how the charms of nature improve when we seeth em reflected,' and so on, and we can rea dily Imagine 4 how happily the days ofThalaba passed by' on this occasion. ! Uninterrupted by ceremonious 'isits, unrestrained by the pre sence of third parties surrounded by all the blandishments which give enchantment to the rural scene, it is not surprising that our lovers should often digress from the beaten road, and as often linger at a romantic spot, or a secluded cottage. Several days had now elapsed, and neither party had made any disclosures to the other upon the important subject of finance. As they were drawing near the end of their jour ney, trie Maj. thought it advisable to broach this delicate matter to his bride. It was up on a fine summer evening, as they sat by a window, at an Inn, enjoying the beauties of an extensive; landscape that this memorable con versation occurred. They had been amus ing themselves with that kind of small talk which new married folks find so vastly plea sant ; as how much they love one another an ) how happy they intend to be, and what a fine thing it is lor two fond hearts to be dissolved and melted down into one, &c. Many exam ples of love and murder were related the lady told of several distressed swains who had incontinently hanged themselves for their mistresses, and the gentleman as often asse verated that not one of those martyred lovers adored the object of his passion with half the fe vor which he felt for his owny dear, sweet, darling, precious, little Anne! At last throw ing his arm over his wife's chair, he said care lessly 4 Who has the management of your property, my dear V 4 You have, my darling,' replied she. 4 1 shall have, when I get it,' said the husband 4 1 meant to inquire, in whose possession it was at present V 4 It is all in your own possession,' said the lady. 4 Do not trifle with me,' said the gentle .raan, patting her cheek 4 you have made me the happy master of your person and it is time to give me the disposal of your for tune.' 4 My face is my fortune, kind sir, said she. laying her head on his shoulder. 4 To be plaiii with you madam, said the im passioned bridegroom 4 1 have need of mo- ; ncy immediately the hired gig in which we came to this plncc has been returned, and 1 have not the means to procure another con veyance.' 4 To be equally candid with you, Sir,' replied the happy bride, 4 1 have nothing in the world but what you see.' 4 Have you no real estate?' said the Major, starting on his feet. 4 Not an acre.' 4 No bank slock ? 4 None.' 4 No securities no jewels no money .' 4 Nothing of the kind.' 4 Are not you the daughter and heiress of a rich broker V 4 Not I, indeed 4 Who the devil arc you then V 4 1 am your wife, Sir, and the daughter of a very honest blacksmith.' 4 Bless me ! exclaimed the Maj. starting back with astonishment then covering his face with both his hands, he remained for a mo ment absorbed in thought. Resuming se renity, he said in a sneering tone, 4 1 congrat ulate you madam, on being the wife of a beg, rar like yourself. I am a ruined man, and know not whence to supply ray immediate wants.' Can vou not draw upon the earl, your brother' said the lady. 'I have not the honor of being allied to the nobility.' 'Perhaps you can have recourse to the pay master of your regiment?' I do not happen to belong to any regi ment. . . 4 And have no land in Arkansas?' 4 Not an acre.' 4 Pray then sir, may I take the liberty ofask ing who you are!' 4 1 am your husband, madam, at your ser vice, and an only son to a famous gambler, who left me heir to his principles and pro fession.' . ' m . t: t :. 1 My father gave rati a good education,' said the lady.. . n L So did mine,' said the &ae!?I" has not prevented me from trumping the wronfr trick this time.'