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a.
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: - J' ' 1 " 1 " ' '
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VOL. 1 NO 14
SALISBURY, Mojyn.ir.
TKHRUARTjly
PliOSPECTUS
OF THE
Yadkin 6$ Catawba Journal,
IVintenV and published in Salisbury,' N. IT.
.ns a week, on super royal sheet, at f 2
year, ar (3.50 if n"t paid in advance.
ST IXUGIX VFCICTI.
ment, or they could not pits law.
Nut beiiv nion' the nnineritl P"r
era not being specially granted- ii
must be found under the .general etaufi".
I repeat, that if such a law were to be
fur me' I, the very first thing would be
to assume that bank agency is both
necessary and proper to carry on the
G vernmcnt. Well.
1884
trji" rii.
pVHOI.K NO. 478.-VOL. VIII
vernmrnt. Well, en the other
fir H-mn ore drmm from obrraivm.ond "ana '"ere is no express gram Ol power
arc intended fur the prac'iarl tut of mankind.'
to create a Bank, ajiil there ia no denial
of power. This power, hat been exer
cised for the last forty years, and has
been always supposed to spring from
the ume soqcce; it is a power oecessa-
ry to carry into effect other powers of
i the Government. And gentlemeo are
The Journal will contain Ibe latent Foreign
a.nj Domestic Intelligence i an abstract ol the
Proceeding of Congress and our State Le.
filature, when in Session ; valuable Public
Documents, Speeches, Essays, .c. Hut it
will nut be exclusively ?oiiriiied to these.
iiuVc: ,.rs.,:M0u! oound .. .1 .....us..
and whatever may tend to in.uuet or amuse their distinction, that, though Congrecs
the various clwi or interests into which j has-the power to adopt en existing in
tlie community is divided : in short it will te, ...,,: . ... h.nkiii ..r.nl f,,r aTiei
thfar as its limited means will admit, "a mip
ol' busy life."
Its political character will remain the same
a heretofore. It will support the K'jchts of
. the Statss ; but it will give a n less strenu
ous and u yi.dd njr i-uppnrl to the Highis of
the Uisnaar. GovseaaaaT.
To promote tnltrnal Improvement, will he
one of the darling onjects of the Jornid
.111 classes of the people are great ly iuten s
ted in the measure : Inr eii.
aiieclabilitv art- as sure to follow tiiternsi Im
pr.iv. iwnt, as effects fnll.iw . sines.
lime :,nufacluret are no less important
to tile p .iplc ol this ai.d ever other hi de,
th i i lnternl Improvement s and, under lull
vourU'tion of he umprmy nd juainrsa el
its principles, the Journal aiivoct such
duties ass ail be deemed, n.dcr circnnvitail-
No-psper 'nl he dis.oilinuj' 1, unless at the
discretion of the editor, until all
are paid.
Advertisements will be insane J at tlx iisnnl
rates. Persons sending in advertisement,
are requested to note on the margin I4yinni
ber of insertions, or they will l.e cmt'ifiuT)d
Until forbid, and charge.' accordingly.
said by legislate) ; I rewert what i- trely off from the came of Republican
said by individual in th- c-r-'&p. liif-rlv, if they are capable of being th-
Hence. 1 desire to keep ,mp. i. . ..ma of wSSce-s to shallow of tricks
and wide, U the avenues that may so stale o thread bare, o often practi-
bring publto Opinion within our reach, j sed, an much worn out, on serfs and
I think tt salutary aitd necessary to hear j slaves; and the victims, too, of wicked
public opinion ; I care net how distinct and nefarious designs, so thinly cloak
how loud it is heard within the walls led designs dot in purpose and
of the Capitol ; but it must come as pub-1 in wickednes but shallow in their
THE JO( ll.NAIi.
SLtLISBUH Y.jTHL H.SIMl, MB. 20
"lake tne occasion (said Mr. VVeb
tcr,) to make a lcmark or Iw.t m reply
to the gtmtlemap fton. N. w Tcrk, nn
the ripht of li e Chair, not iww in his
place, iMj-JTaHmadg?
not unilersland or did not hear.iHs
lincllv, the few observations which I
niade in re'alnin to tne consltiui.o..
power of Coi.gress to establish a Ba"k.
1 did not eo into an mgument, nn. did
I undeitake to prove, I al Congress has
the power, but merely n-'veMed to the
hist oi y "I tl'6 country tnr tne last forty is mv opinion
years, irom me year m m nay is an opininr-
for the purpose of showing that all
Ci'tmresst'a had admitted the r.nwee, as
well as a'l the Judicial tribunals;.
The highest Ju.'ir'sl Cr.urt hs sd
mittxl the power jfler ! most aolemn
tlisctistion. Kvery Rxniiitiv ha
aa-irtioi ed the power, ami ro- p more
tlistmctly than the- pnsent Piesi.lent
hiinst ll, who, in ohj"ctin? lo a Bank
wliici C'ingres may have to rp-charter,
chjected t. it for particnls- rossons.
He has told us that if he had he-- in-pli-d
to, he could hs'vo dpvispd a Riitk
that ivnuld hive conformrd tn tp Cnn
Ktilution. And, he has trM n. also,
nr. in other nrrsninn. trin s flank r.f the
ii .
banking agent is both necessity and
proper yet it cannot create an agent,
though that agent may be admitted K.
be both necessary and proper to carry
on the G.ivernment. '
In iiotn cases the operation of the
power of Congress is precisely the
sme. VV- ..mi s bank, "d by ttiat
very act create a flci rrn Tr..
sum and suhalance is, that We creatt-
fiscal agent in the Corporation. H. f
are corporatioi.s already existing, and
we are called upon to create them mt..
a fiscal aeenry. The operation of the
no wer is not only aliieA,,bul.4.l lAire.
cisely idenhcal ll lathe same power,
arrerJuea I m the or e case.1 to create a fiscal aern-
cv. as. in Ihe other, by creating a Ua k
,if our own, or by making use of the
one already existing
Snf the honorable memoer
ber fiom New York understood me in
another sense. He says that I aigu-,
or express ;.n opirinn, trvat a Bank of
the U tiled States was one of the slmng
est bnnds of the Ui ion of the Slates.
That was npl my remark. What I did
this that the power of estab-
" j - . r
i:u:.M - uniffirm purr.nrv Was One el
lisnina; -J
the Hi OS L esse n t i a I powe rs of lh e U v-
ernment bestowed on it by the oosti
tu'ton ; and that the proper exercise and
-maiutenancei oL :tnaipower, as it was.
one of the most "useful powers under
the whole instrument, so it :ws, in my
iudgmeot, one of the most imporiar,-
for the Union of Ihe Slates. Ati'I, thst U,
: I speak il frankly. It
in.t formed to-dav, io
now expressed for the first time ; I have
entertained it lone I '"eel its proof,
deenlv and sensibly. And, I do be
Hove, tiiat when Cnr.gress shall have
parted with its fff.'Ctual control over
O e monpy of the country, it will have
hurst one of the strongest social bonds
under which we live.
ll apnears tn me that the gentleman
from New York has not sufficiently di
rec'pd his aitpntion to the granted pow
ers in the Constitution, or attached that
im inrtaner t fiem they deserve.
How does the Constitution stand in
this matter ? The Constitution aays,
that Congress shall have the power !!
coin monpy. regulate Ihe vnut there
Uniled States would" he nsi-fnl and con
v...;!.! io th lusorde An '. now after j o, and of tore gn rain." And it also
all this, we are m be told that Cnnerpss dec ares that ' no Mate shall cm mon-
1oes nOI posspgg the power to erpsle a
j"3a 'U ! As I hav said, it is not my
purpose to go Into 1 wi''e firld of dis
cussion ; but I shall endearnr In prPsent
e . e- . L l .
my view ni mis sunjerr, wnien isii
brought before me in 'hp ooinions ni 1 sir.
ev. emu 0111s 01 rrenn, or mane any
thing but gold and silver coin a. tender
in payment of debts." Cnneress, then,
and Cnnpresa only, can coin money.
and regulate the value thereof. Now,
I take it to he a Truth, which has
the Secretary , of the Treasury, and all
those who sustain him nod it is this,
IneeTtTr difference betwpen r the eorreti-npobH-nieTi-tif 4hos wrrosoJuty it is
1..11A.. iin.. ,.r fin... ..! tet orotppt - tne commnniTy ttgainst tnr
Bank agent of its own, nd to use it.
and the constitutional pnwpr of Con
gress to adopt an institution as its agent;
in other word, to nuke an agent out
of theesjsttng institution. Thevgentlp
mau's perception may be sharn Enough
to see a distinction between thpse two
Cases, but il is too. minute for mv grasp.
If there wer now a law pending be
forP the Senate lo affirm and ssnption
all that Ibe Secretary nas done ; to a
grown into an admitted maxim with all
the o-st writers, and Ine best Informed
lie. opinion ; it must come as from citi
zens of the country, living -under its
laws, and who address themselves to
ihe wisdom and patriotism of Congross.
It. must not come in any other tone.
The remark of the honorable member
is this :
Be assured, sir, whatever nice dis-
' tinctions may be drawn here as to the
show of influence, which, expressions
' of the popular will upon such a subject
' are entitled to Irom us, it is possible
for that will to assume a constitutional
shape which the Senate cannot misun
derstand, and, understanding, will not
wisely resist."
Mr. Wright taid, it should has;e
been ' share f it fluence."!
Mr. W. hsier resumed ; That dors
not alter Vie '. Whaf 1 me to
. ., is i nope he meant ihe nonular
will, for we do not recognise or receive
impressions through other organs,
such as the Ser.aj,. cannot mistindpr-
stand, and, understanding, will not
unwisely resist." I am sure he did
fro-trrViiw-rt,"sTrrr"Ib
the subject.
Mr ptesidenl, I wish to ssy a word
nn another Topic. This is an eventful '
moment, on the great questions which
occupy us, we all l-ob for some
decisive movement ot puni;c opinion.
A I wish that movement tn be free, in
telligent, and unbiasaed the true man
ifestation of the puMic will I deatre to
prepare the country fr another assault,
which I perceive is sbsut In be made,
on popular nrejode .oother attempt
t l,eiire. all distinct vpws ot the pub
lic good to. overwheln all patnolian
and all enligbtned self hlcrest, by loud
cfi ps a gai nsT fjifse dsn geT, v fid ty exrr
ting the passions of on class against
mother.. J am not niiataKPn
the omen I see the mer,ewhent
the weapons of Ihis warkre are to bo
Irawn. .1 already hear the dm o. rrre
ammerine of anas, preparatory o the
combat. They may beauch aim, per-
faps, as trason aid justice, and
bnnest iinlriotiSm can no: resist. Every
(fort at resistance, H is possible, mav
he feeble and powerliss; but for one I
hall make an eff rl to begin now, and
to hp carried on and continued with un
tiring zeal until the end of the contest
comes.
Sir I see in those,' vehicles which ear
rv lo the People sentiments from high
places, plain declaration! thai the pres
ent enntroversv i but a strife between
one part of the community and another.
I hear it boasted as V unlailing security,
the solid ground neter to be shaken,
on which recent measures rest, that the
poor naturally hatrtherich. I know.
that under the siia.ir 01 tne roots 01 tne
Capitol, within tha last twenty four
hours among men sent here 10 ueviar
mean for the pub 10 salety and the
public good it has been vaunted fort!
as a matter ol boast and triumpn, mat
one cause existed, powerful enough to
support every thing, and to defend eve
rv thing, and that was the natural
hatred of the poor to the rich.
Sir, I pronounce the author ol 1 such
sentiments to be guilty of attempting
pretences.
The natural hatred of the poor a
gainst the rich!'" "The danger of a
moneyed aristocracy!' 'A power
great and dangerous as tnat resisted by
the Revolution !" "A call to a new
Declaration of Imlependi net !"
Sir I admonish the People against
the objects of outcries like these. I
admonish every industrious laborer in
the country to be on his guard against
such delusion. I tell hiiii, the attempt
is to play off his passions against his in
terest, and to prevail on him, in the
name of liberty, to destroy all the fruits
of liberty ; and in the name of his own
independence, to destroy that very in
dependence, and make him a beggar
and als. Has be -a dollar I he is
adviser) to do that ' which will destroy
half its value. Has he hands to labor!
let him rather fold them and stand still,
lhau bp pushed on, by fraud and arti
fice, to do what will render his labor
useless and hopeless
.....Sjj: .lhe.ser inaam-vrHn of alr-othersf
who has the deepest interest in a sound
currency, and who suffer most by mts-
ctiievions legislation in money matters,
is the man who earns his daily bread by
his daily toil. A decayed currency,
sudden change of prices, paper money
country, the producing cause of all its
prosperity is labor! labor! label I Wriri
a laboring community. A t )t ri.-. i
xj q 05 t live ny mrrusiry, and actual
or ciVpition 10 some of their forms. -Phe
Constitution was made to protect
this industry to give It both encour
agement and secui'ty; but above all, se
curity. To thai ery end with that
precise object in view, power was given
lo congress over the currency, and over
the money system of the coui trt. In
forty year's experience, we have fmind
nothing at all adequate lo the beneficial
execution oj this trust, but a well con
ducted National Bank. That has been
tried returned to and tried again, and
always found successful. If il he not
the proper ihirg for us. let it be so
berly against; let something better ba
proposed: let Ihe country examine the
matter coolly, and decide for itself
But whoever ahull attempt to carry a
question af this kind by clamor, and
violence, and prrjudiee; whoever would
rouse the' People by appeals, -false and
frau u 'ent appeals t their love of iny
dependence, to rental tne establishment
ofausrful institution, because it is a
bank and deals in money, and who art
fully urges these appeals when he thinks
there ia rrloie o'f honest feeling than of
enlightened judgment, means nothing
hut derep io 11. And whoever baa the)
vvuckilia to eoncei ve, amt rhe-rdt--hood
to avow, a purpose to break down
what has beon found, in forty yeats ex
perience, essential to the pro 'ion of
all interests, by arraying one 'ass a
gainst another, 'and by acting n such a
p.'ineipli as .; the poor always
f.ting between morning and ooon, and . hate the rich, showa himself Ihe reck-
evils of a debased coin, are hound also
to protect it against the still greater
evil of excessive issues of paper,
a , '
' There waa one remark marie by the
honnrable member from New York who
enoke first, f Mr. Wright.) but lam
sure be did not intend to carry with
any ihmg of an imprp.pf r.chsracter,
doubtless meaning it aa admonitory
and vet, the genllpman has expressed
A
out
j . .l : .;..,.;.,. t fi.. 1 himself in terms which, perhaps, be
uorii inrw . ' i' . " -
1 . .. r.i. r...rmnt. where (will' think should have bpen worded
would lli rpn lli-mar fi d aoihority in with aomethioe
SVia r.nnstitlllinn to PASS SUCH.
There sr.' ro express rds givme it. I entrusted to our -arp ; the GnvernmPnf
Ifpvwill firrd'it In one nlaen, and one4 'nf the United 5talPS. j.Sr entrusted to
r.ly and that is ' clause which those ppntpn to alrRrnister it.
ives Ci'ingiess Ibe po r to pass any days are numbered, sod
Uw n. eesssrlo earcv thp granted pew finished, if we receive
era into effect. N" where Hsp. ne irom any nmrr iiiai ier,
most ornve. if he "we lo snprjnrt uc
a law before Corgr
more of care. .Th
law ? public Treasury of ihe tinted States is
Our
ought tnTje
Oovprnm' nl
I care not fn
what form-lhe expressions ot puhl
that a "banka- sentiment snail arriv ar irje vapnui,
x - m i,..li m thin is la
F , 1.. r....... Lnilnn is ihm ill. I resDect what is
ad proper lor carryiug uu iuo wn.-j -- ."
npopssary opete mv mtn. and convirl'nn, and t-
(Ve'l esTal)! eT ra u Tph the jpo tn m u n i ty
double ftaud; a fraud to cheat mea
of their property, and out of the earn
ings of their labor, by first cheating
them out 01 Iheir understandings.
The natural hatred of the poor to
the rich ! " Sir, it s iall not he to the
last moment of myexistetiee shall
be only when I am Irawn to the verge
df oblivion when I shall cease to have
respect or affection "for any thipg on
earth, thai I will beleve the people of
the United States cafnble of being cflVc
tnallv deluded, cajole), and driven a
tjpttl tn beras, by such abominable
U-imV's as O.Vs. If ttiey ao far cease to
be'trren thinking men, intelligent men
as 10 yield to such pretence, and such
clamour, they will be slaves already;
slaves to their Own passion--, slaves to the
frsod and knaverv of pretendpd friends.
They will deserve to be blotted out of
all the records of freedom : they ought
not to dishonor the cause nf sell govern
ment hy aVtempting to exercise its they
ought to keep ttielr unworthy hauda en-
laoing aim lower between noon and
night; when all tbpse things exist, it is
the very harvest time of speculators,
and of the whole race nf those who are
at once idle and rraOy ; and of I hut oilier
isce the Catnlines of all limes mat k-
alrnUe of the hlslSW - fWe,r hx.onej
other men's money and prodigal oj4
eiV fn. Canitilnts. .. mav o
,ve such limes. They may H'ner prey
on the earnings of Lilmr cent per cenj.
nr rtievTriav hoard. Hot the laiioring
man what can he hoard! rreing n
nobody, lie becomes ihe prey "fall-
His pioperty is 10 Ins hands insmii
anc, his fund, his productive freehold,
his sM is his labor. '
Whothpp he work, en his own small
eanitol. or on anothers, his living is still
earned br his industry; and when Ihe
money of Ihe country becomes depre
ciated and dehased, whether it be adul
terated coin, or paper money without
relit, that industry is mbbed of Us re
ward. He then labors for a country
whose laws cheat him out of his bread.
I would say to every owner .r every
nuarler section of land in the West, I
' . - ! . I !.-,
mrniilrl aaw to every man in WC
who follows his own plough , anrt to ev
ery mechanic, artizan, and laborer, in
every city, in the country, I would say
to every man, every JWlf.JX5.-n0 wish
es by honesl means, to' gain si' honest
living beware of wolves in sheep's clo
thlng.:whoever attempts, under whatev
er popular cry, to shake the stability of a
currency, brings on distress in money
matters, and drives the. country into pa
per money, stabs your interest and your
happiness lo the heart
The herd of hungry wolves, who
live on other men's earnings, will re
ioice in such a state of things, A sys-
lemwtuch-aborb- JnlotrTnelreTr
the fruits of other men' industry; is
the very system for then A Govern
men! that prodiieejor countenances
uncertainty, fluctuations, violent ri
sings and fallings, und finally, paper
money, is a government exactly after
their own hearf. Hence, these men
are always for change. They will ne
ver lei well enough alone. A eondi-
less uemv of all. An enemy to his
whole country, tn all classes, and to ev
ery man in it, e deserves l! he mark
ed espociall) at the poor man's curst,
PROSI'rHmrs nFTIIK I'PIPt DPA
SCHOOL OF Noll I II CAHUI.IN.tL.
tion of public affairs, in which property
is secure industry is certain 01 tls re
ward, and every man secure in his own
hard earned gains, is no paradise for
them. 'Give, them just the reverse of
Ihia atat- of things bring; an ehsnc,
and change after change let it not he
known to'day what will be )he value
of proper! y tomorrow let no man ibe
sole to sav. whether the money in his
pneketsat night will be money, or
worthies rags, in the morning: arid de
press labor, til' double work shall eatn
but half living give them this state
of things and you give them the consu
tnat'on of their earthly bliss.
Siry the great interest of this great
' I trust, as to feel authorised in naming a
particular oay ior opening i"e oi im.,
beg leave to submit the following Pro- 1
s pectus to the friends of the proposed
Institution. " And as the -School --will
differ in some respect from she litera
ry institutions in our State, it is deem
ed advisable in the preent address to
be more explicit on ile chara ter and
objects-Ihan might otherwise be neces-
aarv. .
General objects of Ihe School The Epis
copal School, as iiiloniliil bv the Con
vention, will be a truly Christim Sem
inary ; its object being, by thorough
education, to prepare young men for
every duly In the preannl life, and for
a happy immortality in the lite lo
come.
What, then, is essential to the attain
ment of ihia end?
That every School aiming to lit
youth for the duties of life should pro
vide for a thorough training in classical
and other secular learning, will-be ad
mitted by all; and such provision, will
certainly be made by the Episcopal
Schoal. But to prepare them, both
for the present life and for that which
is lo come, instruction must manifestly
be religious as well as secular. Hence,
we propose to t cure for our pupils the
means of becoming good men and pious
Christians. Throughout the whole)
Course, secular and religious instruction
will, so far as practicable, be blended.
Frorrrfhe atnallesTboyebe niost-ad--vanred
student, instruction in Religion
will form as regular a part of his educa
tion, as instruction in Mathematics, or
in Ihe Classics. In this manner, it will
be the aim of the Scbnol to make the
religious knowledge of the pupils keep
pace with their other knowledge; so
that by the time their secular education
is completed, they may he well grouns
ded in the principles of the Gospel, and
in the Doctrines, Discipline and wer
ship of the Church...
But instruct isn, thought both secu
lar and religious, is only a part of.ed
uc.ti...i. Tiie Episcopal School, how
ever, will aim, so far as the course ex-
fnnds, to accomplish all Ihe objects of
Christian education, in the most en
larged acceptation of that term;'
The, morals f boys when first remo
ved frottt the restraints of Ihe parental
roof, are perhaps a source of deeper
anxieiyxto their parents lhan even their
instruction. Many a parent has found,
upon thePttiro of his son from School,
' (VontliuUd onfouolh pagt.J
TT : .. - ..-.v , ' - . r . -