Newspapers / Newbern Sentinel (New Bern, … / June 28, 1837, edition 1 / Page 1
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i 7 -. I - ' ; " - - 7. - . r7af --:' a' . .. : .L , 1 V -: . .' .' , ' . - ' i . : - . . ' ' ' BY J O H N A. BACKH OUSE, ,: -4T LIBERT j ."".THE , CjDNSTlTDTioN..:.UNlON;; At $3 Per Aanun hi. aflTaiicet yoL;:xxio: 35 o. - ' '' " Tr r r r f v " " y ' ' ' ' " - ' ' "" -"' - .h . - .- r- r - The Sentinel is published weekly at $3 per annum avt)Ie Bi. advance, r-- : f - Hsa ?soi'i Advertisements, by the year $15. OQ for two, squares at less; and five dollars (ur each additional square. t By the otfmbeiv75 eu. for the first insertion.' 37 for each continaaiM- ' ' AV.n.f fjo subscription received for less than iit raonths, and no$aper discontinued until all arrearages are paid, ex cept at the discretion of the. Editor. . v.,.L ; ,j. p" n al1 letters addressed to the Editor, the postage TONIC MIXTURES. . . - .. . 1 1 it 1 . not question me legai ngui wuicn every jicrsuu basto throw together some hitter or. other substances, and to send them forth to: the world as a cure for Fever aud Affue ; Inn ngni, nowever u may nave Deen aumeo, has been esercised at all times iu every country where thiscocnplaint has prevailed; and we.can now enumerate thousands of remedies that have been gotten up, sported their brief while, and sunk again into the oblivion hence "; -they sprung." . '' ' ; ;i ;' But): I do most earnestly protest against the course fhich continues to be pursued by one person or set of persons after another, towards Rowand's Tonic Misfure. - if a better, safer or more efficient medicine can b'afford ed by'y'of our qidnaacs or wiseacres, it is due o their t'el ow-citizens that it sUould be submitted for; their, adop lion ' j 1 1 " - 1 " r ' 2" sf .;. 1 But we pray all who have any regard for the lives and health oi tbe members of community, to desist from their attempts to imitate a remedy so exalted in public estima tion' or to substitute for it such trash as can in no wise approach it in eicellence, 'however easy, it may be even or 'the unfledged Tyro in'Medicine to resemble itin super ficial appearance, taste and smell. ' ; ' - In order to protect those from imposition vho"may be inquiring after RO WAND'S TONIC MIXTURE, and to assist them in distinguishing between the original and pnuiae mature, and the numerous imitations and sub stitutes which continue to sprout up in different points of the country, tbe names ana wnereaooats ot such as have as et been discovered are annexed. f-:.f rat v ;; - Rowland's Tonic Mixture, by L. 3, Comstock &. Co.i of New York. z " ' ;V k ( Rushton & AspinwallVTohic Mixture, by Rushton & : Aspinwall, New York. f ' ' ; ; ;. Green's Touic Mixture,' by Butler & Clay, New. York.1 " The Southern Tonic, by Costa & Cox,r Alabama. ' --' iU .rshall's Tonic Mixture; by Charles Marshall,.- Philad. Cave & Schaffer's Tonic I ever and Agne Mixture, by Cave and Schaffer, Philad. " ' ; vC c, , ' ' The public.may be saved from' uncertainty as to the fenuiaeness of ROWAND'S TONIC MIXTURE, by callingupon his authorized agents throughdat the country; or upon application to the proprietor.- j jv ;x .;sf l 1 JNO. RjROWAND, M. D.3 i : n4d I j V f 243 market Street, Philadelphia. , The subscriber has for sale the genuine Rotvatid's Tonic Mitture. v- 1 5i , , 1 G EOKGE SANDERS, . Druggist. Ncwbern, April 19th, 1837. a ;t v, lGtfj ; COLiLECTOR'S OFFICE, i District of Ocracolic JuncldtJi 1637 TQROPOSALS will be received at this of- : XL hce until the lUth ot July - next, for buil ding a vessel to be used as a floating light to be . delivered at her station at Long Shoal, of the following dimensions, viz i ";. j ' i j Sixty eigKt feet keel, twenty; JfauVfeVteahi mas f't holJ. seventy eight '''' -- . Jcing 145 XOni ; or theivavoatCastom..;yH ouse Tonnage, " To bo built in frames of Li ve OaU; Locust and Red Cedar Timber. Bolted tb; gelher with iron, except the floors 5 which are toe of White Oak and secured with' copper Bolts." The bottom plank to be of two: and a half inch, heart ofpttch pine wales,' four and -a half inch, and tapering down to meet thV: bot tom plank. Deck plank to be of two'and a half inch heart of pitch pine- copper Bpikcd and nhiiTired. Beams to be of the- best heart of pilch pine. The vessel lo be thoroughly cop per-fastened as high as the deck, and coppered with twenty four ounce copper. .10 have . trunk cabin furnished with births, lockers and shelves for the accomodation of six :person-r-f to have a bulk headorwardof the foremast forming. an Oil Room, which is to be furnished with eight double Tin Oil-Canisters o f fifty gal loos each with covers. To have ; dooble inast fiftyxfeetIorg and twelve inches square tept four feet apart fofe.and aft wise,with four shrouds on each side, and a stay or guy from j ;the hqnds to both the stem and stern post, all " to be of seven inch rope to have a cambousi lilted on a platform, covered with sheet ' lead : upou deck or in the hold, as may be most con venient of sufficient size lo accommodate six persons;: To have two common ; pumps and a suitable Boat arid oarsj'to have a capstern or windlass, and belfry or gallows for ! a bell of two hundred pohuds with, which it, is to be furnished ; to have a mushroom anchor.of 1300 Ibs.with cash-iron head and wrought-iron shaft, and a chain cable of one and a half Inch,-sixty fathoms in length of the best' proven quality; Atso an anchor of the1 common kindj; Ito weigh '7501bs and eightv fathoms ofTierdperi cable of . suuaoie size. , ine vessel 10 nave; iwo goou coats of paint throughout tote furnished with a sufficient quantity of good stone ballast' of snitable size to stow, compactly- To have a lanthbrritnade of coppenhree feet sqtiare,; and four feet long; To contain a . copper -lamp bf tbe compass kind, to hold six quarts of oil; and tled to burn twelve wicks? and hung with a compass motion. The ' former1 to be glazed Nth white! glasss of double: thickness eight in ches bv ' ten, ' The lan tern 'to travel hd and down between the masts upon a frame. : It will be raised by means of two leaden weiahts run- .ning in a groove on the' lore and aftek" parts of wie masts.of sufficient ;weight;to keep th fant i nom and its travelling frames jn equipoiseThq ' weights to be susDehded bv a sinsle: rope at - tached to their,upper ends, 'and running over .a neeve placed in the head of each rriasUarid bas I s'tng through a groove in the side of the travel ng trames and' hxed to its lower ends, and they can be 'drawer down by "a single rope as a uipaiiacijeu w lucimraes; ine vessel tvoc famished with'storm sails of 1 Canvass,ahd u awmng 10 exiena irom stem to the i uiast 01 the best canvassi k cast Iron plne td U j ;"rnise4 tpass through fhd deck andbotiom --v,ugu wnicn tne cnam cable 'is to pass, ? P'alm to be laid over the ballastrtherbal , 10 e n Battens to keep it two Inches .. above the ceiling. The vessel to be furnished 8xy gauon and four thirty Vo bounJ ,7-v casks, buckfttsi hYrw.5:.i a h 11 1 r c 1 irnmcinvH jft. n ion. the TeiieTVltlr the fixtures and equiptnentg.to becomplett in every 'partiraUr to the unlrre, satistaction of the collector of this port or such other person as he . may appoint for that purpose and the vessel to be delivered on or before the fit st ilay of January, 1838. -t No payment tobe raadeantil the J vessel shall be inspected, approved and delivered.- The collector reserves ;the privilege of ; fur nishing the" contractors with such of the mate rials now belonging to the jight Boat t Long Shoals as may : be considered (. ood and sufficient, at a fair price to be agreed on by the parlies or some disinterested persons. ;i .' ;l ; '-t.'i 5 S. BROWN, Collector - itlThe Elizabeth City Star,Edenton Gazette and Washington Whig',: will give the. above three inserlioni? and end their accounts to this -0 U&Xir-xtt, r.:i25-4 PETERLOJULLARD; Jr. ! ; PETER - GEORGE LQRILL A RD, : Sntiff fit5 -'Tdbaeeb "Manufacturers, Pt: 'tii VhMaM Sheet,' Nwtfrk. Offers forx sale I the foJowino;: articles. r 1. ;xt .ril!.iM: . J ...,..7i Ol7, . ...''7 BWarranted not to cootaia any pernicious JDrugs.XB .Genuine 3Iaccoboy, ) ro.f. American Rappee Imitation do, , ., .( fiav. Holland do Sicily. -: do -. -;.Tuberoser Maltese. 1 f-.do . .."!;;. St.. Omer,.." Curacoa.ijiv do;. Sirasburgh; , i: ; COARSE BROWN SNUFF. Demigros, !ruli'jfatchitochesvJ - a French Rappee, ;: 'American Gentlemn Pure-Virginia, Bourbon'i i St. Domin go, v A - :Purer Sjiahish, Co pe n hageal superior flapyd L.tMixtur e, ' " Scotch, i : ' Irish Blackguard Half Toast, fine. or High Toast, 5 ; '; Irish: High Toast v SWEET SCENTED FINE , CUT, CHEW Ing,tpbacco. ,-.-,.,rrrh Small papers, p.'A: L.. Large papers; P. A. L. do do i P., & , G.L.- . size do P A. L ti dox i do fPV& G-L.f size do - P. X: L. Sweet Scented Oronoko extra superior, in lb papers, manufactured only? by Peter LnllardJr.' v.u j vjiy4o; a ;;.:v- FINE CUT SMOKING TOBACCO. Spnish, Kitefoot, " Canister, Common anc br-ii's . - in , jojjci b ti u in iu iv cents tacji. ilt tobacco, packed ift hf-barrels barrels and Uerces. Brp vvn' Snuff packed in pound and half pound xeiiow.snim pacKeu in rouuu .anu nail pound . uuilics, ami Mi emau ami laigc uiauuers- . f"'A libei al discount made for cashj by Jw hole sale..-- Iv1' I--:r' -'si .. - ' ;r " N. B. All articles ' sold .' at the above ;jdace can be returned, if n,ot approved, and the mo hev Refunded. ;.'.r? ,:. v. ."' ' . ! " The Genuine -Maccoboy Snuff , is manufac tured only bv the Subscriber, who has also the Tmitationl froni20 to 30 per cent; llower sinilar in quality to' that' which is manufactured in' raanv places, ana sold under various names ' BEWARE OP DECEPTION Several persons are in the practice of using a abel on their Snuff in imitation -of the 'sub saribers,; wrhich cah be for no 'Other purpose than to deceiye.' ) 'Some are also in the practice of mixing in fefior Snuff with his genuine Maccoboy, and sellinff it as first quality. . Others are also in ihe practice of fillirh jand selling lias hiahufacre In' making his cdslon ers against the"deceptiohs practised upon mem. . t f ? , - - ; , tCiT Aii assortment , of the leading articles may be had .; in, the principal cities .and. towns of the United Stales. . - . , .',';, , March 1, 1837. : WOT ICE. T the May Term. 1837, ot the Vourt oi IPleas and Quarter Sessions of . CraT?0 County, the subscribers .qualified;a 'Executors of the last will and Testament ot William s HnNTEa, de&eased. . All persons Indebted to the estate are7 requested ' to ' "make immedi&te navmpnt. and th'obe havms claims against inc estate are jequired io. present: theria, properly ;;i,ni!rftf.iti: within the' time prescribed .by law;?! this notice' will be pjead m bar of their recovery., r, .f . matthew a. outten, , ;r-Z cHarles sj-oyer;;, ; ;;Mav24th.'t837.;7r.'.':':.': Exrs.. t GfiOUUK SANDERS, ni.nrfrict finri Atiotij ecary fTTT a VI Nfi ntirchased the entire Stoc 11 Pf nil Druss, Medicines, Paints, Oils, Pel fnmefw .cAr.i . rftcentlV o wueu uy. '--r J 1- -..I ..--' 7.1- r " . J Ld'tllS,l,l brother Wni. SaneVsHhUnds 'n2 UifUU'JtJl'-tiMlrtn Pnllnflfc Street, business at' the bri Pollock Street; He friends and the 'public geneVally. !,fi'cisbnI Nov, 30, 1836. 5 t- rrx . 11 h ns.. Prima . retai ins rMolIasei a ;MU-.landing7 frorn Schr.V PhUadelphi t "1 Jfkrtn ty rain Vtt . ,..r t I;. Newhern June J4th 837. I Oii of tf fy i desciiption execu ed with neatness and despatch aHhe office of the Sentinel.' - 7 U1U . I hopaV16"; yef!VcPl-:M!,Z,;: very with, strict attention tof the1 Dusinessi wui Mw- - -'-J -:..---. r-. - - ,. i i . .U.MA.Wir Af hlX I Will lie mm to tnc-connaence anu uvia - 1 j U( Virtue of an Order from the Court idf -LLL Pleas &- Quarter Sssicns of r.rWivn County to me directed, I will bffer for sale for. casn., at tbe. Jairm Newbern, on Monday ihe 3d, day of July next,; between Fifteen and i weniy inpusanU Hollars worth of - .'. Consisting of .the fullowing articles' viz :. ; ; ' 1 Broad, Uloths, . . . j;Cassimeres, v. ,s i...v . Vestings, . . . , i . , .Silks, ' , Muslins, " '. . ' . '- ,JLaces, n - , , - Calicoes, . Freiich and English Merinoes; . j Gentlemen's, Satri Bosoms ; i f yheetinffs, and Shirtinsrsr; . V- Elastic Over Coats, Aprons, x lusu uuuueis, :;;Fifty Dpz Gent Siocks, r?, ri , ..-jewellery,- - ' . : -rTuck and side Combs, - Shoes'1.-"1- ! : ' Hardware arid Cutlery. -.1 rciousswu iv i lies anG flStOlS, 34 brass 8 Day. clocks, 12 wood clocks, ; ) 1 One Elegant two' horse Wagon, - . - " , , J. B. DAWSON. Sh-'ff. ' T) : i n . i v. . , u Newbepi 14lh June, 1837. v i-S JOHN arDONALD TTJ ESPECTFULLY informs tie public that JULVJ; he has purchased 'of Booth &, porters tl eir entire ' - t t- - . t n S TOOK OP FITRNTTTTriTi! and removed lo the Store formerly occupied oy jt . j . x remiss, wnere ne will Keep constant iy, ,ana now nas on nana an eieganl assortment of Furniture among which are '.' .. ' , ' " Sideboards, Sofas, Bookcases,' ; : -! .. Wardrobes, Cradles, Bureaus. : Portable Desks, Stands, ' , Bedsteads, Cribs, Sic. . Elegant Fahcy and Windsor Chairs and , 7 Looking Glasses will be kept constantly on and, and every other article in his line of bu iness , ; He hope that the cu s torn so liberally bestowed upon his '" predecessors,, will , be. ex tended to him. , "All orders from the country will be" received and punctually attended to.- tT-an lso do u11 kinds pf U epairins, so as lo Cott.i. J ' .ri endeavor to give entire satisfaction '.as it regards worKmansmp anu price.- ,i i ? . t 1 .j' N. p. , He has an elegant Hearse; for tbe pur pose of attending to the burial of the dead, and will make dli kinds of Coffin such as Mahog ony, Cherry, Poplar and Pine, at the shortest possible notice. i..-.i10-, i .sV f-i' ? '', v Newbern, January 1st, 1836 s . a, H DISSOLUTION OF COPARTNERSHIP. rniHE - Copartnership -heretofore existing JLL'; between the subscribers, under the name and firm "of Kussell & Scott, was dissolved by mutual consent, on the 6th day of January, 1837. All those indebted to 'the said concern, are hereby ' requested to - come forward and make settlement, with A; H. Russell, who ib hereby duly authorized to collect - and receipt for the same; and all those having demands against the concern; are 'hereby requested lo T?J i , ipQAji to A. w. ivnssei J tor settlement. s-lj A. H. RUS ELL, t . DAVID SCOTT. ( Green County, No. Ca. Feb 18, 1837. t JBoardingrlJouse: FTTHE Subscriber, intends opening . on the 11' i 1st of May next, a house for the accom- modalion anu entertainment 01 uuaruers. ; ne will , occupy, that, commodious and pleasant dwelling house formerly owned by John Mer rit. F.sn. nn Craven street near the old Countv Wharf. It will be his desire to ffive una uali- -ej VjtUTaedon" to all '. who' may call upon hinf, and he hopes therefore to obtain a liberal share of. public patronage. i , !, C liiuLfL,. ; Newbern, April 26, 1837. ,7,-.; .v i - ILL person's indebted to the office of the l North Carolina' Sentinel, prior to the 1st of January last, and especially those residing beyond the limits of the tate; are requested to make immediate payment 'to William G. Brtan. Esq. : The. accounts due to the sub scriber for;PosUge;.have'also- been placed in the hands of Mr.'Brvan for collection. ' Newbern, May ! 10, 1837. ' 1-tf J- n ui llsl'.X . 1 . ... - 7 i . - ifriHE subsiber Has jusVVeceivea iVo N. f I I " . ; . mn e. : lJ Y. and offers for sale, SIX HORSES,two hich will make a fine watch; and is one a fast trotter. They are all well broke; and make first rate family horses. ALSO TWO BAROUCHES to be drawn by one or3 two horses, and a huggy ; 1 Newbern, May, 17, 1837. 1.1 E." CLARK; -20-lf V 1 h DOCTOR LAROCtUE, E INFORMS the inhabitants of Newbern and its vicinity; that he has . opened his. Office one door north of Doctor Custice's dwelling, and ofiers hi services in the7 practice; of; Me April 5 th 18yr I4tf From thelRichiUd''Mniiuirer FUTURE COLLECTION OF THE PUBLIC A friend; Of OUrs. who was an nrrlpnt Avn. ! cate of the principles of free, trade, once re-1 luarseu in conversation," ; if I ; could haye, my own way, 1 1 would noti have such a thing as a custom-houss from one. end of the country to the other." This remark astonished the by standersone of whom with great solicitude, inquired, why, how should we tje able to get foreign goods, if we .hadtliQ custdm-hoosest'! ?te,a haPPens that, habit Ibrmf 'such associa j Mpus in the . mind; as to 'render itdifficult for new yiews to penetrate, and there are no doubt many-people, who really7think; that we could have no foreign goods, without custom-houses; as there are man v nennf. hfmtorht itn in m.n: tries where it is impossible to move without a passport, who are at a loss to see how a man can travel ip? this countrywiihout oue ' , ; Precisely of .'this character is the idea: so universally pre valent in ou r cities, , that the public revenue cannot be collected without the agency of a'bahk; and hence it is, that all al temps to pro ve its i faiiacy, ; ust encounter a mass of prejudice not easily overcome ; This, however, shall not deter us" from the attempt, and if we . do pot- succeed, in convincing alK trust .wejshall 7 succeerl in f con vincing soroe. Ourplan then, fs simply jas ''foHow.s:,.,-. .1. Let' the collector of .each" port of entry be Authorized to have a vault constructed with in his custom-house, which no one will pretend cannot be made as strong and as secure against fire and theives as the vaults of a bank, and let him be held responsible,' by sufficient secu rities, for the safe keeping of the public .money entrusted to ins care ;-. . . M. v $ . iiet ongresst declare tnat all ; moneys payable jor duties to the United States, after a c, rtaiu. day shall be.paid -in gold and silver, and in nbthing else; and that all sums payable by the.U.. States, in the various disbursements of the Government shall in like , manner be aid in gold and silver, and in nothing else ;. Now this operation . is in , itself perfectly simple, and ihete is not in the land an indivi- dual who cannot at once see its' practicability There is no mystification about it," and if the puDiic revenue oe receivaoie at any one place, no one who wishes to see the Uovernment en Urely divorced, from the banking system, would hesitate to pronounce it expedient. Amongst the advantages. to be derived from a hard money system like, this, would be the following: : . . ';'-. 'r, : v'f,..; I; The injunctions of the Comstitution would be cbmplied with; which declaies that ''all du ties, imposts and excises, shall, be uniform throughout that UuiledtSraves.rfbr;aothinir could be more uniform than . gold ; and- silver. or. rather we should sayi nothing can be uni- torm dui goia ana silver; - - 2. There would be no quarreling about the public deposites, nor no intriguing with the ijrovernmeni 10 get possession 01 tnem. . 3. 1 he abstraction from actual use of the a mount of coin in the custob house vaults,diaw ing no interest, would be a motive for Con- gress to take special care that there should be little or no surplus revenue. 4. The principal inducement for Congress j to charter a Federal Bank, would be entirely but this loss is more than cornpcnsated by tbov removed, and thus the country would be saved better terms upon which contracts are made by -from that periodical convulsion in politics and one that deals for cash, than by one , that deals money concerns .which, cannot fail to occur at or before the expiration of every 'Federal Bank charterr. -.-v.; J .;:: . ' B.i The public denosites would confer no bo- litical 6r pecuniary influence upon any indi- vidua! or corporation; and no : administration could use them for buying up banks or parti- sahs; -'..'- .- ;r -.-s .'.-i'l - , 7 But to this scheme of collecting the revenue, various objections will -be raised by the advo- cates of a newFederal Bank, and of a league of State Banks, as weft as by others who have not given the subject due reflection. The first objection will be, that the T money would not be safe in the vaults? of a custom- housed And why not es safe there as in ' the j,Wr. kint t r pM.i,,, i u'r amknnt is always under the lock and key of the c,ustom - house, and is considered perfectly safe f and hy should hot gold and silver, which Is; but another species of property, be equally ? safe ? ... - ,i . . r " ... . .- - : it couio oniy dc in tne large cities, tnai neavy . ... , ' it . sums would oe on nand, and 11 tne collectors could not be entrusted with th-m, special offi- cers might be appointed to perform the duties Of treasurers. Who ever dreams that the vast p ."ikuu. w. r amount of gold and silver bullion deposited hithe JGovernment fromall palticipalioo in mo- the mint, is in danger r robbery or speculation from the officers tr And could not as honest men be found in every city, as those who have managed that institatUDn for moe than forty vearsViBut. if therewere dancer otf that ;core; if could not remain lon undiscovered. It could be taade the duty, by law of the Sec retary of the Treasury, once in every? year,; by his drafts, to probe the soundness of every custom-house, by emDtvin? ' its vaults, and m tnat manner irauu could Tiot long remain con cealed. ' WVcannoU therefore,"reeafdthisob jeclion as a valid one, and a few persons would think the pdblic money-more unsafe in the vaults d the cuutom-houses, than in those of the State" banks, in which it now liesVttM '! A third objection might -.be, that as the re- venue is not all collected at the points where the' expenditures 'are to be made, the Govern ment would be put to the expense and risk of transporting the coin from one - place where it was not waited to another place where it was wantedor, that' it', would jiWobliged to! pur- chase bills of xchSge,hich wduid7nol on- 1 lv be attended with trouble and risk, but would convert the Government into a dealer m ex change. and thus bring anioriey influsnde into ihi nolitical field, which it is one of the chief rfesip-ns of a hardmohey.' system. tov prevent. To this ve reply; that the objections would be ODViateu oy me lonuwiug 7., j"- cess, which is a' principal feature in our plain It should be declared by law that all local anrl fixed- expenditures, such as' those iffue for salaries to public officers, t &c, shall be pay- ble in draft? upon the ctisiom-hoiise nearest to' the spot where the paymeht is due, whicx hae in itsvaults available. funds; and that ail; nayf meals under special contracts shall be made at , the place stipulated in the contract, . which would of course always be' the place at ' whlcli revenueaccrued7 These drafts wquld always ue negouaoie.inrougn tne local DanKs, ana as.. . they would all be drawn upon cities and towni , on the seaboard, to which remittances from the country, would constantly- be making,; they would most generally, command a premiatn.. It is not easy io ' Imagine a case in which a Treasury draft, dra wn upon the nearest custom house, w.ould not be convertible nto casit without loss, .and ; consequently '.. no. injury could be sustained by any public creditor . ' n : According to the arrangement which existea under the Bank, of the 'United States, thf Government was enabled to make payments at i"Mi ue. uiuercni points, o.eiug yuoso .ai which the bank and its ; twenty-four branches were located! Under the plan here suggested, it will be enabled to make payment. at upwards- .; of a hundred different points, and consequent ly, the" facilities of (collecting its; drafts, by those who hold ihem, must beincreased rather than diminished. The local banks which used; . to collect these Treasury drafts upohlhe Bank. . of : the United States and its branches, would still be as ready io collect those -drawn upon the vaults of the custom-nouses, and we are ' not able to conceive of a single circumstance that could operate to the prejudice of a publics creditor by the change, , . ' -., A A fourth objection would be, that Uns plan would require more coin than could easily .be T obtained by the persons- who have duties to pay In. answer to thisi we state . that every, man who now' has duties to. pay, must, either have coin to pay them with, or bank notes and thati under the new plan, nothing tnoro would be required, of fiim, if he could not pro cure a floating Treasury : draft, than , to take: -his bank notes to the banks that issued them, and demand payment. This , liability to be called upon for coin might possibly' sometime jf. oblige the local banks to keep oh hand a larger amount of coin then they might otherwise do' but the public would sustains no injury from that measfar, and therefoie it ought not to be an. objection to the. plan proposed, that it tendency will bet to make the , local bank keep themselves in a 'sounder- state than a prcsent,'-7f:i 7 ''tky--:A fifth objection would be. that the Gtvern mem would lose the interest upon the amount of specie lying idle. This- isyery true, but this, as we have already said, would be a no live with Congress to keep down the reyenOfi? so as to let if exceea as iiuie.asossifjieno;. amount of expenditures r Bat at afl events, as regards this particular, the Government would be no worse off than heretofore, tor never has she derived one dollar in the shape of interest' for any of the sums she nas naa lying idle in the Bank of the U. States, or the State banks; A loss of interest, for idle cash is inseparable, from all : large dealings, where punctuality ought to be observed, as with, governments, on credit ; so that, in reality, no loss whatever occurs Irom a reasonable - cash balance kept on hand by a Government or by an individual. . A sixth objection isf that admitting it to be true, that the Government, would lose no moreV tnterest ey.tne new pian man py tne old one," yet that the community sustains a loss by the non-employment of a capital, which, if deposi ted in ! banks instead of the vaults of' the; cu&- tom-house, would be loaned -ont, . by. which process, the community would, have the ns of the capilal,'vwhilst the; Government woultf be no worse ofi; This is true enough, butini order to see the . force of the objection, let us analy se it, and see what it will amount to;. Thejaverage amoUeposites on hand ought not to exceed $6,509,000, the interest NPj. hi? 'Jf cent1 T' V - uw ' u""'u ;i"'f """J wp n, 1"e ana a naij. cenn per neaa, ana I th nhiArlifin threfare. snnnoses. that ih in. i .:; 77 7 " ; 7 r -:-r- ,r. , lialpHliihlA hlP:inD'4 nhirh thn lnnntrr nnnM -.---.-e-,-r--:..----.r-jil.r aenye irom tne measure -proposed, wmcrj; 1i.d. os for evei.froro a recurrence of "au"fc,""T .rwM, vu, ?iltty of a coaliUon between a potverful mo- neyeu corpoatioa ana we vovernmeni, wpuia balMwch nd aliair cenU pei head. 7N9 patriot. tion.ft:-vt'ftrt.-L:v.4: ?ssr-i, 'hi Li.: V A seventh objection migt be, that the duties of the .collectors cttf the customs would be ren- . dered too great.WTo this 7we ft ns wer,', that should this be the case, the difficulty could easi ly be remedied by the . .appoiatment pf a cash ier in each custom-housef where the business was extensive, and if an estimate be jnade ! of the additional expenses to be incurred thereby, they will be found to be sol trifling as to am ount to mere dust in the balance; . , ; -..". V Although in this plan, we have, for the sake bf simplifying the argument, referred only to. the . revenue collected ? through the custom houses, yet is equally applicable to that 1 col-. I . 1 .U...'.1. ' U -! . 1 1 at it .1 ' iccteu iiiruuu uc taituus lanu omces, wmca should be embraced ' "in any nard monev' sys tem; and if it be desfrable that coin should be more extensively circulated throughout the in terior than it is at present, 'receipts and ;pay: ments in com atthe various land oUices wouia have that effect. In puttins forth these'views, we know theia to contain the sentiments bfa number of sound political economists. in this "qualrler. ( If "tho scheme is liable to any objectiorrs Trhich tro 1 i' , t 'i i f 1 1 1
Newbern Sentinel (New Bern, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
June 28, 1837, edition 1
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