North Carolina Newspapers

A. THOMAS J. LEMAY. I TjD TV Tft-i'-TTSft Tg TTfTft K fll V THrTh T : - i ill eW a accaaa ' - ' ! - - . ;- -. . : s " J Trains CT Seawaiwiajr, tbreo dollert par Moata-ha ia aJvanee. fj- Pertoot retldmg " r quired to pay r4;- " MriptiM l edveee. llATES OP ADVERTISING. For every tquara (aot eiaeeding IS lines thit tilt type) firtl intrrtlon, eae dollari eeeb tobteoaca intertioB, twenty-five arete. Tat adeertiaeateati of Clerkt and Sheriffe wll be charged S prteat, higheri and a deduction of J) per teat, will be made from lb regular pi i cm for tilveii iters by thd year. (J Utters lo the E lilort MtT boit-paid. VOL. XXXI North Carolina Powerful in moral, in intellectual, and in physical resource- the. land of our aire, and the home of ur affectians. RALEIGH N. C WEDNESDAY. NOVEMBER 25 (840? - client.!' ( '. , INS IWSTITITTION FOR TIIK EDUCATION . Of" THE H LI 91 U.TUtaabiiltinriit baa twn nmun d io thai HMiout. aa ch-gaiil oliiM kaea at Mminl Wahin(tna Hnatt, al South Uoalen, and 1 now reart; for Ihe recepima and atntelma al Jii(( Mml pertpat ol eilber Kl from an; part ol lUcauuii- HJ - The talubrilr ol the I oral ion, lb fieililkrt for ara. ikinK. and iba exietit ol ibe edifice, abkb oSVrt earaie rim lor the pupil, make tbii cttblia neul a desirable reulence tor tbuea )nao( blind (irrxint who desire superior aeeonsodatioat. The eonree nUnrmetitiO awniprehearti rcarttnK, arritmK, irillliaetie, algebra,aad (reowiHri rnxraihy , bittonr, aatural al maral philosophy, ks. ke , ae aidet ihe -theory tad prentice ol music. Those who desire b aaay acquire a keolcdc U ibe au aieal aad modern laonasget. A ihoroa(k anil setrulilM kole1r;e ol moiie, anil opportauilies ul pmel ic apoo that piano-lorle and or , are given la all, besidrt which ilia pupil may artect any inslransenl chich he wishes lo leant I'arlieular atteoiioa it (irra to physical edueaiioa Ttavs: Hnnrd end tuition, nh the ase of books nil musical initiamrnts. Irons $150 to $ WO per an num. Kur those who ish 10 study the languages, i hue Umc mt i4buMoit- 4m. tba f hanaheci, or lo rreriTe exira rontwai mill act ions, mvai. int ,, i.,.j ,i i,,f: ,.,f.,e ..II corer all ibewilHua Ub .l?2rjl!l ..KCCUtWat Ritra aeenmmodatioa ehsrjed ha reaaoaabte pro. portion. ' 1'he mo favorable aje lor inslroetion It betweeo Ihrl.hand Itihjeart. 1'hr fcillowine eeatlrnia. are eonnected with the iiMMiia l Ihe limit alma aad tnay be rcfrrred toa. PjrC. Hrooks, Thomas H. Perkint Peter II UmU MFard IJrooks, 8amcl. A Elliot, John I). Pltfier, 1'hiimas ti. Vmj John Unmans, James K Mills, llol.tt-t llantoul, Ksnwel Lmid, tiamnel May. Oaiai (inuilwin, Horace Msan, Knbert C Vinlhrp K t psrtieelar inform eioa addrrat the Dareelor, JV. S. i. Ilowo, Hosiob, to whoaa all applicaliont shoull be made, ' N. II So persons will be reeeieed while under rarriieal Ireatateut for iht reeoeery of tlht. July 3. 37 3-ai. 4.: 1 II t R It I p DE Pn4YlTY Some o-iliiriott. Counterfeiters have nearly billed terertl prrwns by si Mi. lhm apariuut tad false Btiiture id fiaya' Liiiinieiil. ' Therenome it warranted perfectly - harmlett and ffctuul New bu the article nnlest M hare the writira sirnamre of CO t I U K tc CO. o the sul-oili'l wrapter. 1 hat firm are solely authorisn in m ike and tell the -true article.- 'Original Proprietor. " - 80LOMQN HAYS. P. ,. The Iroa Halt Liniment it warrai led, to care Piles and Klieuinsiiiiu, In all cases, or no pay taksu lor it . Ay 1 f W rJ j MESSAGE FROM TUI (Dip xmnm &zm2!& -- - TO TUB GENERAL ASSEMBLY OP THE STATE, At the commtneemtnt of the Session of 1810. To the Ianorabl the General Assembly of North Carolina: Gentlemen: The dec'.ftrations of the people against the ndmin ist rations of the Federal mid most of the State Governments the deep sensation and embittered feelings of the contending parties as to the cause, must necessarily greatly deepen the interest which usually attends the meeting, and increase tne responsibility of your honora We body. But, while we have, in the confident hope that it will restore the country to ks former happy and prosperous condition, abundant cause to rejoice over this peaceful revolution ; yet we should remember that our fellow-citizens of the administration party, with the exception, perhaps, of the officers and aspirants, although mistaken, ns we be lieve, in their views, ran have but one common interest with our selves, andi ai father itteiriipnjkahf atld conciHaf ion thair I The present incumbent came into power at a period most unfor-' huoii McQueen. thomas j. lemay.s ESTTOM i ril ask no pay until the Piano is trial. IF Ihwrt) tbnold bappro to be any one to inett .'t -loot aa 10 doubt the anal it y of any I'ieao Far"', alier the ahnnnant proals ahicb baro bora pi rati t, a thrre .e- hirity. I will srrre that treb aa .. eijloal tnay tab One of tbo kurrimenta aed ttv ,' llrfM-ovehly trior pat lot lor lu tldnb that ikt eao be but sit It risk aa; way as botl a Pane an n, teller bo bat disposed of ope arils at loo bandit .! idintji oeer telling a bad one, aad certainly ooruk .at.rr. wh.re Mtiaeal al not tanuitad uJai. wooiioa at gicoaa, t Mlt an at fiat Ftrt Orl t ' B. P. HASH, ifarw -etersaai g', Ye, ielr fortunes have failed in their own hands, and under their own management; and it becomes us, as those on whom the responsibility has devolved, calmly to survey the position we occupy, and prepare ourselves with energy and dignity to meet the crisis. As it is the part of wisdom to profit by experience, it is necessary and proper to refer to the causes of the revolution, and particularly where connected with our peculiar interest, the better to enable ui to avoid the evil and embrace the good. The Bank of the United States, which grew out of the necessities of the country, at two periods of great distress, (and which would seem almost to give sacredness to its existence,) and which answered every purpose promised by its most sanguine friends, or anticipated by the public, was doomed to Executive hostility, because it would not yield political obedience. It was re-chartered by (Congress, but vetoed by the President.-. The public money was then removed from its lawful place of deposite, in the Bank of the United States, to the local Banks, by the President, under the plea that it was unsafe. This ground, taken by the Presidentj was disproved by a report from a committee of Congress. ... . , ; ; v, The Senate of the United States became alarmed at tliese indica tions of violence and usurpation, and declared the removal of the de posites unconstitutional. The President appealed to the peop!et a gainst both the Bank and the Senate declaring the Bunk dangerous to the liberties of the country a monster of foreign materials; and thai -rt YjeWr cOTTeBrjy-cuma -jw zviA v$ tV wcl Ikftfctssiwl nior. i . .. . tnnntA himuir .nj . i vounirics, wncre it is now Immi. jvi iiiuwvii nuu ii 1 1 inn a-iiijiiirv. , iwunmn ni n'si n,va . . - - nrirt hnnctrvl rmerwri,r. 1 . . 77 " i.niiuiivnuro stivui . iuiui u, viuti w mcvi UJJ.', " " t'v..J.., , i4v I rti.a I,.,! r 1:. i. . l i.t trt t - ; u 1 1 wtt,ts uaiia. victjii oihi nuriuirieno nuertu a shown, had commenced in a bloated ho had pledsred himself to the course best ealcnlnted to urw if nn He had, in his zeal to support thei iewis rdf lus predecessori denounced a Bank of the United States as unconstitutional, and cut off all re lief from that quarter. The local Banks had been denounced as unworthy of public confidence: and he sunk them yd lower by con curnng m their condemnation. The affairs of tho country had be come despcrate money scarce and Bank notes depreciated the nri- ... ... . . & ces oi property and labor tumblingtlown improvements suspended and bankruptcies numerous. Indeed, soo ploomv were the nflnin of the country, that the President convened an extra session of Con gress, to devise means of relief; to whom he gravely recommended the withdrawal of the public monies from their former plates of de- posue, ana to lock them up in safes and vaults, as the remedy. As a part of his argument for a Sub Treasury, he deericd institu tions which had been used, from the establishment of the govern ment, as depositaries: and which, in times of emcrcencr. responded patriotically to the calls of the- government: and which had aided the great interests of this, countrvto enter honorably the list of com petition, in all necessary and valuable works of ithnroveinent.. , with iww wTJwomwora: r tno irrst" moment or diiucnitv. thev are condemned as unworthy of lblieronMenceTM liberty. Again, in December, 1837-38, this Suh Treasury is pressed on the consideration of OongresSj as the grand panacea of all tmr woes. - Congress was composed of a majority of his friends, and it isauite immaterial whether thev considered his project incompetent for the crisis, defective in principle, or nerveless in expediency it was re jected.- - - ' - - t The President now seemed to take the matter seriously to heart. The only measure he had concocted, by the aid of the Secretary of me i reasury, must, noi De treated so ugntiy. jus lorces are mar shalled anew the unfaithful discharged, and more supple' tools put in their places. They open their battery on the dead Bank. The dying and living Banks they represent then as the hydra-headed morf stcr, against which thefdrmcr President had to exert his Herculean strength .to..keep.ia..difif..::l6rp3nitiions of all kind were declared dangerous to liberty, to the poor, and to democracy. Congress con venes, and the President draws a strong and vivid picture of the dis tresses of. the country, and again- recommends the locking tm-of the public money in sates imd'vaults. doubtless was pro forma., as he had no money in the Treasury o be locked up. The fact that he has had to issue, from time to thne, Treasury notes, shewn how preposterous it is to expect relief at pres ent, at least, from n scheme on which the government is destitute oT the materials to operate. . ' t . To mikft lhia. Suh TxeaKsrv uhcirr ft- Unt. &a Siafe N.'W 1 w,. ,iw!i.m.ww'' Zrr 1 nnfirV.il ivna fcnstnTnftf Nothing was rcco er.tcd hnt lis nn piiH ft nnrl successful military career. Several of the State legislatures were bnH k'lH frar Irom Hanilruff, be III? (t auiat ULU Kenieinher Jh f canine at ilrseribrd below. ' ThitH certified lo by terrral May art, Minitlen af the fioMMrl. British Consul. Phytieiant, and a great anmlMr ol oar moil hoaorahlo ik'xens, to irr acta chert it is -told PARINO FRAUD! Thit artiste bat been imiltltd by a nntorioat aoaa. Irrfeitrr. It it aeeer bepnrrhaaed or otcd unices it hate the name ol L 8. COM3 I UCK,nr the aigna are of t:UMST)t:K k CO. on a tplendid wrap per. Tbh) It lha only eitrrntl teat that will secure the publia Irons deeeplinn. ie suote taiuabic by W. M. MASON kCO. II erow lm - A son it ant supply of lite tbotc taluab tioa will bt kept lor tale prrpara- ; PAOOXsAXIrlATXOir- TITO htJXDREB DOLLAUS REWARD STATE OF NORTH CAROLINA, a? - nit i KxcntRiFcr' 'it.wi vvm, COVKRNOR, oVc. . v T all I wAm f Ar prtieuli thall come Greel , ' fny n7 IIERRAS k has bcea officially reported to this Department, that au the I3ih day of Novem ber, I S3"), one NsTasa La irtn, of IXteiilton eouo y, in this Slate, was to btalrn, bruite-l and maimed thai b died) and whereat one JOHN GOSS stands hpR with tho eommistionnf tahl ilrertj and.ahere bW5? tVknrm, Jlbner JVnrJ, AlexamUf Bith .tbthna Deer and Hop.H. Skeem war present, aaUng tnd abetting and maintaining ;lhe laid Joha "oc n iht perpetiaiion of taid lelouy and ahereaa eirdolTendert have Badand secreted llieratelvet from lb reg-ilar operations of ihe Law and Jut ice; t. Now, thereloro, lo Ihe end that the said Joha Roes and bit accomplices io Ihe murder, tnay be brought la trial, I have ihoueht proper lo issue thit my t'rro- lamstioa, offering a reward ol Two Hundred Uollai t lor the apprehension ' nf ihe sard Joha Ones, tod a bulbar reward ol On Hundred Dollars each, hr one ar eeber s4 Ills aeenroulRer, to any tieraon or pi ho will apprehend or cause lo he apprehended, any ar all of the ujfundrrt and iugilitet alorcakid, ud eonfiac them, or either, id them, in the Jail, orde- trtei'tffevi.wH tiJton.eoutiiy in the aula aforesai. Al l' do, awreover, hereby require til riders, .whrther sit it ar aiilMary, within Utit Kute, to ase their best eier tioni to apprebesxl, or cause la be apprehended, tho' higitivet an.d aSVaderi alaresaid. M4Tlav liicea uni'er aiy hand at Goeornor and I I the Great fteal of lha State ol North t ' r Carolina. Oono at our City of Kalrifh, ' .ail tbiitboSOth day of October, A II ItW. "Bt Coinmanitr C C OaTtt.1, Prfrate Seerrturg Offcriptin fth OJemLn named i fAe abm r - clumulitn. Jkn Case ie aboor S3 Tear old, S feet, 9 ar 10 It will bo first necessary to make effect YaltllalktofA ilVvataaMfel amtoarl atari 1 tv tanM Aaf) BrXaTkl ft ey havinebeen dispensed with.) 4 We must submit to the European, and Asiatic prices of labor, tlieir rigid economy, their grinding slavish uooits oi ion, more me can siiccestituily compete with tiit-m in trade, agriculture and manufactures, vt produce a balance in our favor to 1 e discharged in coin. To expect permanence of the precious metn from a forced and unnatural importation, would be about as rational as to attempt a suspension of the laws of gravitation, j j. The President says, 'in a country m commercial as our, tanks in somo form will probably always exist," and thinks tho sub-treasury will deprive them of the character of monopolies, and be JMihitnrv regulator and keep them in check. In this expectation of the com in- : uance of Banks, he may bo sincere ) hut the recent destruction of v these institutions in the District of Columbia, shews verv conclusive ly t he wish and intention of his party The collection of "gold and . silver in the dues of the United States may have some influence pYw the banks in the lanre cities, r where larfre disbursement Mmadt. and where the balance of trade concentrates, they; will no-doubt.te--least in in red and enabled to exist: i nnd on Mu.VftrU' h:nuut '.. fttul JTM atteiflion f fixed, when he mnde this assertion as to the rrobn- owexisieneeoi uanKsrtmt tormpte placer, lagricuittmrTOtt TDteTicar ; ' States, what other than a deleterious influrnce can it have, wheriee the specie must be drained constantly in payment of the dues to I uniiea Biaies, witnouiany prouaDility oran tovigorutinir reflux r v It is due to the State, and necessary to a restoration of our honrr. prosperous, nnd honorable condition, as far as in our power, to mark ; with unqualified reprobation, this infringement on the rights ai d" credit, of the Stateshis war on the institutions and coDital.o' the country, For when the accumulation of wealth is the resu't of industry, economy and skill, it is certainly honorable to the owner " and whether it consists in land.' chattels or stock, is unouestbnAb'v. entitled to the stem protection of the Jaw; and the person, matters ' V not what his standin? or position in society, who indulges in tho . practice of rmsrcpresentinsr and detractinir from the value of either ' deserves its severest lash. - Let us nut the seal of rerrobation oh the unfaithful officer who violates the Constitution in letter or epiriL Let us inform the President that we consider the purposes of Gov-' ernnjent to mean something more important, as the regulator of "trada and commerce with the JSMes,'! than merely , picking out the gokj and ilver from the currency, in the discharge of the publiftduesrtai, pay put to the officers. A That the currency of he country, no mat ter of what it consists, must be the medium jot exchanire., and is aa "J " essential to "tradeand commerce with the States," as the circoJatiou. ' ot tne blood is to the animal existence, and as noctsrary to a healthy1" State, to be regidated iy a central power, as the other is to flow fror . l 1 . n.u i- J ;i ' . ,.... . . jiue tM;nn, filled by his partizans, who supporttHl his opposition to the Bank, nnd instructed their Senators to expunge the rt solution d?claringhis act unconstitutional for removing the deposits, or to resign their seats to more unscrupulous hands; and it was -done. Some yielded to the servile act, in defacing the journals of the Senate; and others, through a cherished though mistaken abstraction, abandoned their posts; which has impaired, ondj if continued, will destroy, the most stable and valuable part of our Constitution, and, in all probability, the ffoverntnent itself. The House of Representatives could not but feci the influence of the will of the. people concentrated mi the Executive. His power was tremendous enough to intoxicate the brain of a less philosophi cal chief. The fate of the Bank was decided. The deposites were retained in the local Banks, nnd recommended tb be loaned out. Banks increased rapidly, and discounted freely. The disbursements of the government increased. some fifty per cent., or about twelve millions of dollars annually. Property and labour of all kinds rose -irt priced v' lMic'!vt)Tks wre cwmrtmcea vast magnitude; and general prosperity reigned, not only in this coun try, but in Europe, Up to 1834, under jthe operations of the " bill of abominations," the payment ot tne pumic aeot, mostly aue to tuuro pcans, filled that country with money seeking investments ; a great deal of which was taken by our States, Banks, Rail Roads, Canals, and Manufcturihr Companies, and returned to this country at a rate of interest hirrher than had been given by the government. Whether designed or not, this command nnd disbursement of large amounts of j money, completely, at the time, covered the consequences of the de struction of the Bank of the United States, and gave to the country a hollow and factitious prosperity. , Notwithstanding the great increase, of expenditures, some forty millions of surplus had accumulated in the vaults of the local Banks. Upon a previous occasion, the President had advised a distribution; and. after a fierce struggle in Congress, an act was passed directing it to be deposited with the States; and, although his views had subse quently undergone a change, he reluctantly approved the measure.1' t orcign capitalists, usea u wars nuu convulsions, waiciieu.uie ope rations of our government Willi a Vision true to their interests : and, revolutionary -spun, nnuaarois;usuqiionsj wunarew tneir iiinas, in time, to a place of safety. 'The Banks commenced curtailing, to meet the provisions of the distribution act. ' But it was soon discov ered that it could not, with other demands, be met; and a suspension of specie payments ensued throughout the land. A tremendous and frightful revolution, in every branch of business, took place; and crdit and confidence were shaken to the centre. Money became more scaroe in both hemispheres; it seemed, indeed, to have Vanish ed. Interest rose, and with difficulty negotiations could be effected on any terms. Instead of coolly investigating the causes, and p Tilvintrmtph relief as his elevated and powerfulposition might com- ' P . , . j j; . ..- Tl rj . J, mand, to save tnousanas iiom-ruin M atipw, tw-rnuctt-o-nniinwl tTi Tivml Ranks as worthless and faithless pursued them with aiii inveterate rancourand turned upon them the full tide of public indignation made them the stalking horse of the demagogue robbed them of the people's confidence, and paralyzed all their useful energies. But, by his own act, the deposit 6f the public mo nies, the Banks had been stimulated to wild expansion; they were, for the roost part, controlled by his own political friends, and were the creatnrea of hia devoted States. In the Treasury Circular, the President added anotlier link to the at . . - . a - - - . . fTVt f ' I huhom it .m r.:. aireadv le.ntrthened chain of executive usurpation, i nis circular Vt ?.'''?i'?rL m"r' hair, tjnkk n Umnired specie only to be received at the land offices, which check- " ff 1 """f h, r "h eyes. . j4i -Cl v.. f..L : .U- -.4i;. clwl onnthttr Wnur cas otuca, emit, uy tuiutci Biaiiuiiij sue wi1" I . a the already sinking credit of the Banks. Congress ventured on a vote of disapprobation, by a largo majority in both houses, repealing the order. But the President placed it in hia pocket, and thus de feated it .The President a popularity was yet so powerful as to contribute very largely to the election of his successor, the present incumueni, whoaeother Him on the confidence and affection of the American people, were certainly questionable. He promised, however, to tread in the footsteps of his illustrious predecessor, and declared tnai it was glory enough' to have served under sueh a chief; and the people were satisfied. UiAk ftiXA unAAtr.mt -i i .i. ij i i uuw ta insulted, Uy ihe friends of the present administration in the House ol ci,ock!' ?d "'W "change, as. is- mediumof exchoi,ge.r-V ! gunpowdrr iu bit face stout iatbet high, dark eomplesioa, daik curl) hair, and ntt some t pecks of gunpowdt 'e aad anmk of tneeeh. Lf M'Aorteit is .bout S3 jrtrt yean old, 5 leet S r iuehet high, ttir hair and aompleiion, hit lore Ireih broad and ido apart, large eyebrows, a dowa look, voice n. slow ipokea and ia Moot made. I6iter Hani ia about ft yeare aid, and S leet C loehct high, Movp shoulders, fair oomplesma, blue yet, toh apokea aad greybeadod. tsAua Derr ia ahoat l yrara old, I feet I e btchet high, tair tkia, blue nn, spare tnade, thin ainisen, natr aark eolnml- Alexander V 0, leet 8 or J tncbot high aad dark cyea. Hot) H. Sir it about Si inn ll a i, a mm Jhes high, lair eoaiplesioa aad full lace, dark air aad chunky asatte. aad weak ia the anlioare way when tpokca to 43 If t'kav KM J.nl Jtaliahwe W.,.k.. - bvangk patriot. Intelligenear, Leamglao, Ky .and "oner. Nadiviile, Taa . aiU laacn the aboeo aekly aatil taanttrtaaaded. &ST BAIN'S LETTE H S . Leut)ra and morfitaKona on Rellgton and other j-te, by WillUnt T. Beta for bale at the a Carolina Book fctvr,' S f I'i.lh Jul 3d, ;3I0. Uepreseutatives,iv refusing sestsin heirbodyio- Txsrsons regularly commissioned tinder her authority, and clo'V-d with nil the attributes ot her sovereignty. Uy this act, every Stt.. ... Union has receiv- rd a blow which should not be disregarded. By the request of the Governor of New Jersey, I herewith submit the resolutions of ber Assembly on this subject, marked A.. V.r:f- While the rights of New Jersey were being desecrated in the House of Representatives, the Senate was engaged" in passing a resolution gratuitously relusing to assume the debts of the States, alike, insulting to their feelings and injurious to their character. If, under circum stances of peculiar hardship and distress, a StAle were to petition Con gress to assume her debts, and Congress was to do so, it would -not differ in principle from assistance granted to an ally iu distress by war, or to the relief afforded fjarraceas sunenng Irom the effects of anearthqaake, or to New York, when almost devastated by fire. At all events, a State would be entitled to a respectful attention and friendly consideration; but to refuse without being asked, is marked with the grossest inirrropriety and mjifsrice :&Tti6 ertute'itjew thai many of the States were engaged in improvements of great import once, and depended on negotiating loans in Europe to complete them, and requiring unimpaired credit for advantageous success; which war necessarily injured by that action ot the senate, and tne works most probably deleated. It is true that North Carolina has no public debt; but it is not the less injurious and insulting to her character, to be told by her serv ants, (who are presumed to know.) in the Senate chamber, that she is tin worthy of credit; and such a declaration by the Senate, when seen in distant parts of the world, where negotiations for money are sought, must be injurious to her credit and probably would have defeated her object, if she had attempted to procure the loan contemplated by the act of your last session. ."," Now, gentlemen, I have shewn you the destruction of the National Bank, in total disregard ot the wish, of Congress and the mercantile and commercial parts of the nation; the violation of la wand contract, in the removal of the public treasure from the place where the repre sentatives of the country directed, undir a false allegation; the issu ing a Specie Circular, at the Executive will, and the continuing its operation after CJongfess hod Coridemtied it; ptadrtg' the pnWiCmoneT in l&voruo local uuu&a, uuu inking uiuu ui uw tu cjpunuing ui counts and, because they could not return it when called tor, de nouncing and persecuting them; the outrage upon the sovereignty of New Jersey; the gross and gratuitous insult on tho character and credit of ail the States; were enough, surely, without referring to the operations of trades or the abuse of the Banking privilege, to alarm capitalisU as to the stability and integrity of our institutions to ban ish money ana destroy creair m nne, to produce tne terrible pecuni ary revulsion which has shaken our country to its centre, bringing ruin and distress on thousands. And the Sub Treasu ry remedy, gen tlemen, for diseases like these! Surely the Sangrado theory never has been so graphically illustrated. .The weakness and inadequacy of the proposed remedy is, indeed, iike sportng with our wrongs and sufferings. , '. i: : r.i: What good can result from the withdrawal of all governmental connection all its fiscal operations from the Banks, and leaving tho States to regulate the currency among themselves as they best may7 It ts like separating the head irom the body, snd expecting their joint (unctions to be continued. The President says that the Banks form s chain of dependence from one end of our country to the other, and that it '"reaches across the ocean and ends in London, the centre- of the credit system;" ana with this chain oldependence of mighty mag nitude. he will have nothing to do, but leave us to the tender mer cies of the English to regulate our currency and credit, perfectly in different to our fute, so that the government and its officers get their dues in gold and silver, The President certainly looks to a total destruction of all Tanks when he says, "It is moreover a principle, than which none is better settled bv experience, that the strnplr of the precious metals will al ways be found adequate to the uses for which they are required. They abound in countries where no other currency is allowed." Like the fabled appearance of men in Rhoderick llhu, it is only ne cessary ta if ill, and we shall have a plenty of specie, .which seems to be so dear to his feelings. 1 (e overlooks, or forgets entirely, the sac rifle's to which wo must submit to obtain it in competition with those What power should apply this regulator? Certoinly the United- States, lor none other can. ,. s:'-.,.)-.,,,'. The object to be attained, is a uniform currency IhrougkaiU lki Union, bated on tvecie and on Iht credit of the States, or of tho United States 11 low can this be accomplished? is the rightful en quiry. I have no fear in the answer, that it can only be effected by an arrangoment entered into6y law, between the Stated and Federal ? Governments, for improving and using the local Banks, or bv thee ' tablishment of a Bank of the United States, with sufficient capital . assigned to each State to supply the amount of notes for all useful ' and necessary, purposes. Jfyekmd of banknotes, with a specie basis arid amplt i guarantees, can alone meet the object nnd ncccomplish the pnrpose desired. Where, as at present, a large Variety ol Bank' -notes, issued from eight or nine hundred Banks, are thrown into cir- , , dilation, experience has proved that, they cannot stand on equal foot ing actual and fictitious circumstances, will produce degrees of val ue totally destroying their worth as a national circulating medium. Ifold pret1w ah amn would fee?," remoddelled tp the establishment of a Bank of the United States, he! cause the renewal f their charters could be made to happen sucr.es- ' sively, without producing the political convulsion which has twice attended the renewal ol the charter of the National Bank: heron ' too, some, of the present institutions could be adopted, and the re-' dundant merged into them, or allowed to expire at tho end of their " charters A Bank ot the United States, of sufficient capital to supercede all the local Banks, might be made an engine of oppression, aud danger ous to our politicoMnstitmions, which the local Banks could not The superceding the local Banks by a National Bank, must unqucs-5 llAnaklw HMlllflll a aMhtrsv.' litis"? tm tlat MAHAInain aa, Tn ! . al . uvuauij ii uuuva iQiuiuuvti n httv iiAviiviniy auairs U1VIUQ COUniry to aa immense extent and unforeseen conrequences. . . . ' la . . . a a " " " I : uapiiaiisis in au countries, ana more particularly in ours, are the pioneers ol their own fortunes, and look with an eve sin trie to their interests on the selection of the managers of institutions in which, they invest their funds. Nor are they usually combined with the poitttciRn, tor tneir notions are aiitagonisticai.-- 1 he study and suc cess of the one, destroys that of the other. Stockholders are the . Manager! ot jeOCalBarikaVT otihejfr Ban&Sj divided over as great an extent of cft.''stiutd1fdrler ji'6agaC! mem ot tnerr own oincers, presenu an insuperable aituculty to the formation of political cabals or any other, for Ibe injury of tho great interest of the country, with whose welfare they are so intimately connected and identified. A National Bank might fall into the hands , ot a clique, who, conscious of their power, might be tempted to in terfere in federal policy to the great injury ot its pecuniary affairs, ana innici a stao on tne 4ioeniea oi uo cotiniryt- Tlie Banks in the North are much more numerous than in any oth- er section, being established in.most parts where money could be use- . tutly employed, and in sucn sums as were demanded hy tho cspaci- , ties of the country; and they have been ably apd snccssfully man- . aged; pushing and developing the::nattirnl eapneities of the country "; to a great state oi penection, siana nign in tnerr own sections where -best known; yet we seldom ever see one ot their notes in circulation j m 9 a .J.a i . . in our State, and a greater part ot them never pass out of their im mediate neighborhoods, ihe Uanlcs of the Southern and Western States, hare partaken more of, and, no doubt, have been influenced by, the character of the , country. Many hate been established on false principles and been badly managed, and Ihe result could nt be otherwise than disastrous to the stockholders, who had actual capital invested out mat appears not to nave neen .tne rase to any very great extent : I have tin doubt that those which have capital, and wilt take warning from experience, will yet do a valuable businefs.. The recuperative powers ol these sections of the country nrt im mense, and afford great room for the, employment of capital Even under their recent management. I do not know that wo have more - cause to lament than, to rejoice, except as to the injury our nation.? -naracter ana credit nave suatainea; ns it nas resn'ted in many great nnd solid improvements, equal, and perhaps superior, to any thing ol That Banks art susceptible of improvement both In form and mnn sgeinent enrtnot be doubted now, when attch"vsst and astonishing im provemeiits have Jaken jfIaee in Agriculture, Manufactures, soil r.d steam Ships, Rnii Reads and oiher inventions. The operations of the Federal Government ceutlauing to ilTtct lh - A..