3
i '' : mmw wrm aav 'i .. i. wr arm ar t .mT.'
sia-
terms.
The Watch m as may hereafter be had r.r
V Dollars ana r,,v """B r" Je-
advance the whole sou. at one payment,
,T. " . .... nnt for one vear at Two Dm ,
:tine thu9 topay' advance the stun, of
kt flollSrS IU' vain1 v.... man ..luiaiiiuo,
mi II lis chared at other Kubscri-
rwieiv , . i
rs. , j . iv- -
Habscribers wnw p-j ""'"is j'
bbchnr!jeJihrpeD'llTinallraM.
Nu subscription will be received tor less than
Noruper will ! .li:c..ni,nuod but at the up
J ilia B i ""'"' -tl1 a"eara''9 afB Pai1
. .. 13 Ai:iniTnv r . . 'J -
a.,, IIIIIIIl l'. li'ITIIIFIiani' 1 . An aw , v .
q -
at once he creited. Take but ihm arib-hs , ih
but a few of these were in operation, mil
SPEECil OF
Commissioner from South Carolina, before
the Senate 'of North Carolina, on the
Bill to confer Banking Privileges on His
Stockholders of the Cincinnati &. GlmrKs
lon Kail Road Company, delivered Jun.
2, 1837.
(Co!5tta)Ct.)
Still, wherever tbe"V:heine is presented ' Zin", Lead and Tin 0. which are said. I
anew, it is but nttmal to expect opposition j this region, and the demand is faat
Irott, Una quarter; un.l it th.-rt-lore bcroniea ll -rcaajd. If; aa I am infW.ii-d the Tin
the iiiort- nercssiirv. that fvert man l,.,i.i Ores in thu wpitern n.in i.f it.
i... i.. niaown opMiu.n. AlUr all. when the
iiiuttei ia oiic t xpUinod, thte is no girat
myau-ry about it. A bank ,9 n more than
an asso. ution of induidiiala. (.. ....(.
tltt errenry thtfrsby
B a
uawima. aounn..,! demand for rapital lhnmtt(ht the h.ii. r .k. v.... .
' ' .... .. j :
S H, ... .w. , .1 vwitwinvB
", nt- unn iuia- ticrini. ..'""j
ro.n. instead ol tfe dimiiiutivd esfiUiah-l n l,.Lr" a.-.
menta Wlm h now exist, worka of . u . 3" M'TW"" bibite,l the means ts-
Isrjfeo rbaraetor will be .coiMtourVd, and it " VJ 7' ettrre7 K1" PMi
... . '.,-mii 'viwning riiiKnrrauon.Mre
lion of dollar, could soon b rin "?ThU V'- fon,i'Spl
til l-t eer
a doubt. B.-f.ra the Bnk ean be rrVatad,
eiitht million must firit be auhierihed In
the Jt'Mil. Tuen, the road miHt not he
abundant as any abroad, and within the i ;""l,,,'l lr vear, or the Charter of the
"" iaufnriauoii; ner at once is a
nurce both of demand fir capital and in
conrrivabl wealth to your countrr and
L: l .1 f a a .a 7
iouareor eoek LuttLioti qlltrwurd
. iii'i 1 1. . . t . ...
y. rf metnnt win e mnerwu icss
..vr Dill.l.AR.
wriise'nna will he contiaued until ordera j
HI :icr l'i tn sailor must ne ppsf
- .ii i j
micd to. - ,. n.,K n...,m money in wre. agree to add n T nis Kail Kond will ocnctraii! tlu, .
ri.RMS or ADVKBTIsmn oiiii, toa. ili. r. lol t he mirn.,Wnl l..j...- :. ' pion of it n i
,oWrefor '!'tZl I - who .,. W. Z i -he, v,t"m.e'oT woaUh , itt
couuimd to Ibis ohjert, caii 'do no sort of ' ,,c "' nip raised -n your tiKiuritain ihstrirts,
nnrtn to the ommuniiy. On the contrary, " near th route of tills 15 . :id, Hs .id to
both partMS are Im ih fined ilm l.f.rr-,..r be rqiial lo anv in thn wiirl.! Tl. ......
Lre.-.ie(l to atop them, where no directions j uy ine accoinmodalion, the li-mfcr by the ol Buneombe, Burke, licdj l!, Lmcolii,
V previously stiven. e" si ne rectrf s in return It not un-! '"''rhl' n,M,r)f nd those up , n ine... YUikin
''l?,,??J,'e45rT5." ' j 111 V1"1 9HmPan .to wwenoleii.w hu h a aoH peculiarl urt .pted to its cul
niile at iti11ai perWmtn for earh sqnaT ,. a8 tnon r ,.,,n h lf .... tivition TLu hm. ia.i,,,i i i
..Iv'the pn.leSe of changing the oi tiery Ml(,lc eC(,mt.8 iMwnt in . i vanin, of man-ifu-turina C.Uo.i bru-r,,,,,
riiere j thna danirer thBt the unwniv nm ' faster and better than tli.it imu.Tt.t b
be taken in, if the coinuauv isstfen iuor nf, Europe Tins, at once, will ensnrx ii a
these notes than they are able tonav and a Market because tin.. Inii of n.il..n In iiib
coutirigtnt danger may also arise, that by 0'', by wibl. the adJilonal wi-mht of the
induung the people to take their Notes ' bWn8 " the planter's arcuimt. Sl.iht
I.,. -ij a 30 els : Cotton uer lb lin hen liiey have no actual nifd i.f m.n,.u tins advaniaae would seem. t wonbl oive
Id Jew ; Cotton bairgiiiff per Vd. 16 jj the company inijr, as the me'rehants callit! J"!" VJlSjfei"1" iwitl.traird rVPHT'TO8' lo thTRiVlR ad, but
li ir I ''--rrFiar-S,'v; '".V " .1. )... .itn.i. ..... l.A ... . . t I .Ij.. . .1. 1 ) I. A... I i . .
iin. Aim wucn ii ia ooerv
nter
SALISBUIIY,
BMwax per lb. 16 a 17 eta.; Uramly, Ap-
. p -r tf al . Lj a 30 ets ; ivotlon per lb (in
A, J et ; Cotton bt,gu'i'K per yd. Jti fij
I; vitiee per iw. 10 JimX&-nH9 tnt -teq.nsiiie thai earo . 7" "I" lhal iho coiifuiiiutjon of th
m- v tt-s--' T:m.n T: Inun H i X.. . l . ...I i L . . C L. . . . . .."
1 j- ; " i BiiiMiin ni! laKen lo tm.irn innwi id. .l . oouin amoiinT loationt two mi' li.,i. ..I vr.U
an. I it til presentiy be seen in the case lo- , J"'" '" at '"'r' "ntiiher source of ni
fore us, that the precautions arc amply anf- tre,'8'"i dennnd for nuit.il.
ficienl.' , But suppose thu the enercirs of your
But inasmuch as this Bink fiiarter is pro- co"",''ymen are oneo prop, rly Iir.- u-.i lo
posed, merely as a muns and inducement : t'"1 Wil,,'r xwer. so advaiitaueiiHlv located
to the making of the Rail Road, it further ' ,n ,,, Hll"y a" lemli! rgnns throuishout
becomi8 us
, ;l 7j a Si imp ma; realhers per lb;
u. I'l iu pr nl. ;; vvlieat pr bush. 41 H
i.)JaU pr bushel 20 els; Corn pr bunh 40 eia;
. i pvr In li a ets; Lead per lb 8 a lOcis ;
.ie, pr sfai- i d cts j maim per lb a 10
; Href per lb 0 a 0 ets ; Bacon per lb 15
, U HMr per Iti 1 -2 a eis; Lard per lb 15
; SU pr bushel $1 -25 50 ets; Steel, Aineri-
i ihsier. r lb. 10 els ; hnjjlnh do. per lb
i ; t, st uo er in t.j n an els ; sugar
l'i li) a 15 'is ; U'i ii (Jamaica) per ipilj
; VaiiKe di H VV.miI fclean) per lb 30
; Tolow pt-r lb. 10 1-24 els; Tow-linen pr yd.
i2iuts; Vine (Teiierirfe) per eal. 50.
tru.'ul do. l 50 a ill 7 et ; Claret do
lifil. ft 3 a I 75 ets; Milaa. (sweet)
$1 ; WnisKej per tjal. 3j a 40 eta. .
C1IERAW.
Bnef in market er lb 5 a 7 ets ; 11 aeon per
li cis; lit nis !i. vW OP ets ; beeswax
tin 19 a '20 ets ; Itainrintr per yard 18a 25
; Balu hpe per lb a 121 N ets ; Cnffee ur.
I2i- M-ewt-U-eon-per 100 fm 5t3 T515
(Ml; Lorn per bushel Jill a UO eis ; r'liair
i vavons tier brl $9 10, from lures ixr bil
I 60 a 00; Iron per Hn ifn 9 3 no a o an ,
jMes per gal 50 a 621 ets. Nai scut assorl-
iw lb 8 I i a 9 ets ; roulit .lo. ier Ih. 20
Turk pei br! ; Kiee per Ill0lis4
1- Vj' 1? 1 - 1 v 1 1 4 ,,;-fall pr
J S a; Sah ovr bnahof at .w...i f
r blister pr b I0e WblwZ 0.
a 1 as ets ; Tobacco uiaou
B.ink is losU Moreover, if an rxneii.liinr
of three millions must be not mtdn on the
Road within five years, and of 12 millions
within ten yeats, the Charter is forfeited.
But besides all thto.the llmk c ipiisl ca inot
be increased heynud 3 inillinns, 1111I1I a" a
nionnt eqiiivalem to any outemplaled
increase shall have been firt called
in and expended on the U iaJ. li eatinut
even then ie increased beyond 0 millions
nil til lire U i.l ieachi-8 TeuiKJo'f ; uor lie
yjntd 1) nl 1 1 li mis' iiutii the R ial reaches
Kentucky ; or can it reach 12 millions
fulil the R.iad is constructed lo I.'-xiug-iii.
"
The Riil R.iad funds are put in charge
ola eparnc. Board of Directors, and the
payment u! their instalments by thesuhscri
birs 1 secured by their being subject, -in
ewe of default, not JyJ,o.XlCfi'ituxajf)
ed.ilMf in the commencement the payments
n mare in the liana, will he twenty
ed.ilMf
on ie
doll,s
arVitfiw I.. ik. . .1 .
11 j vr, ma ianveatioa it Knox-
We sti-tenninM npmt tbe route ahn.ugrt your
State, asd Soath Carolina, aeiimr in gnud faith,
Mw otT ra 1 - r-Hlfc iM, pM U fm f
ihl Lifer, .lie h no alteraative lefiJanrf the
K p4 through your Slate ia toat forever) It la a
?' a,,N dw,b. "heihar.-ln adt event,
Ua bvgla route to Memphia would, not feat
aon mtira adantag..us lo ,.uib Candlni. -At
JTT b'Jb Georgia la
pursning her Rail K.H...,.4 ,he hr;..Mlh
Mm tea has just made to ihem.Tiidieai,, ,hal
wl: N Mailed all heT eflUw'
llh SmiUi LaMma, Knit tl, 0ftVr MeamallTR;
.irr ifsirn is now mid ,)
jin. .nririi.rH lMiue ur IiiUt.kU Hull
v
each mad H.. 1I....1 ''M-.t..--,M'J,
and ordered lo hengrosed. , ( . ,
, IiilU rj,c'td Tbe till to eatablisb 4'
county by tt.e name ,.f Ci. yelaidvHit tl ' "
F..a ..1 LiiiM-uin anu ituinfrlord, t9 lo I7i
J
the kill to incorporate the Roan.tke VallcT 1
Rail Road Company. : 7
MfMoiekeaa. uieaehled thtetizKT
KlllaL. arKl'.k 1 1. - . ' . . S)
uuro nines ana or-
Am9 1 .. 1. a. . . ... . . '
wiw v woiiosiiea: n uni to alter too ,(
tKiesof hoi dm j Iheonttiy Courts of ,
weK; the bill lo . Iter ihe lifha) Ol SMtlatian
Tbe rlami up- the Superior Courts for the cooiitios of SioAcs '
.wla U11I. ...! If .. .1 V.i -. .7
... ..... . ' "- iiiii WIIIIIOIU. "me
ii-nior, aim acquires H M,rhmh ,,. .. ., . ,
Ify... re.se, ,,...1., ...v.,,'"'; 'V; . Mr 1., lor presented a Reiolution gi r
a aland desiroy ,he fl ....J. X nw I k,",l ,l dul' f i'"'Pal Clerka oK
lerred your all. nice. -T,,... ,n .Hl(. ,, 1 10 iiousi a lierealler Jo LiipouintibwEo?
u.1 ..1 j .. ...... . (-mi-ii. i.,jirt:r; 1. 1 ..i"!. . 1 .
... u:.meii aavaiiees .l U.Hiioia
hnseeaimi.lit.ni ihe cause f Internal Ln
pro..ii..i,U,asj 1.1 pr,,vel,'.,f N rtli Car
dma. who will by y.mr refusal, have evinced an
apathy Urn ,i repelluip;. revulsion of nub
lie leehnpf will l the result ; .11 I,,.,, , Ml,in
witb y.H, will be ahaudoii. d forever, and the
..lden tide d cimimercH will oe lurried l.rom your
.rea -to leave them yet mora waste and desolate.
randy, peaeb 70a 75. Do. nnp. CO a 65
,cor. prlh 6 a 17; Cotton prlb 121 4 5..M
lirnepr lb 121 a 14 ; Flour bid. $Sl . . 91
fcxseedprbhfl 50 a 1 60;Kealhe.rsprlU45 a
uutii prousu on a s i; iron prlb 5i a 6, Wo
wpi- gal 4J a 47; Nails cut 71 a 8 ;Salt
Imsh 60 a 90, Siijinr ur lb 8 alii. T.
i. 31 a 4; Wheat pr bush ft 50; 0 Whiskey
yd- i5 57, Beeswax '21 a 00
'Uy Gnft Cotton Seed,
r received per sieamer Clarendon, a
rl'iiiiy of the above Cution Seed, and for
C.J.ORKKLL.
fir irk flit Hit inr m V-
J " -", 4U V VIICCI,
uVt3. 19J7. 9
To Cut tun IMiinters.
intMdiifiiKii i.f ilns Se.l I III. I fvn... I
4 would uudoiititedly be id irreat benefii
Jur Nifce, boih in iniprnvinsr tbe Siaule. anu
trasiul ihft production ot our Cotinn.
he plot itself is mo cli mere luxuriant than
f ewiiilin green S.i'J, iiimm more prolific of
ju. ml throw a iiself so widely open, (when
1. 'iii a nami mat cimi,i pick 75 lbs. uf Ihe
r-Oouff readily Mck 100 lbs of ihe oihr rnr
(Mtaple ia so superior. Iliat ih.we fa mi I
'init allege that with their eyea eled
caieasily distiniriiinh it from ihe common
'"V My motive for orTerinir this Sediii the
ffr.pfiir Hie ex or ess unruiise of imnmvino
''vif our Cotton ai Aoiua.and cluirncter
,rvid, wbioh has been reduced 101 tn
; and justly ao inn, by ihe very Inferior
lly generally alupptd Iroui this Stale
- C J. OR R ELL.
!Hill .N't S. 1937 - Sw-26
lo provide that, while on tlio.
one hand.suflii-ieut advantages must bo of-'
fered to induce itidividuala to make the
I'oa so, on the other, precautions must -bo
taken to compel them, while enjoying the
profits of the Bank, lo take tlio burthen of
completing the Road. This equipoise, it is
bought, ha been fully ailained by the pro
vision of Ihe present Charter, as will ap
peiir by a brief consideration of them.
In the Hi st place the Bank can have no
separate exigence, and an interest in it can
only he obtained by first subscribing to the
Rail Road. Eight millions must lie actual
ly subscrioed to the R.ul Road, before the
Bank can in-oiled into existence; and then,
each subscriber lo the Rail Road can only
have till doJI irsin th KnL- F. ir tiiinru Lint
st j nun
drod he has subscribed to tho R n Road
These subscriptions are then made insepar
able; so thai a to. kholder cannot sell one
without the other And although Ins R iil
Roi.l Slock is made I1.I1I0 to pay the debts
of the Bank. In: bus n,.t the corresponding
advantngeid" making the Bank liable for
Riil Road Company, t-ven by forfeit in"
wlMt he has paid them, hut ho must also
but. it his Bank Si.M k His interest in tin
Bank cannot be increasui nmil il... n.....i
your Stat ; an 1 then I hsk.
mch capital could ho oil red ih...n. There
is no leason. other than the want of resour
ces snd outlets, why anotoer i4.l may., not
be erected on the Banks of ihe Catawba.
Hero the advantages presented by niture
are superior to those existing in .Massachu
setts and yet there, the have built a town
and have set up m.inufuiurics, whose uni
ted capitals alriady exceed ten rnilljotis T
dollar. Stir, ly it cannni be contended that,
id a country from whence they have to send
to your shores for your cotton, and after
in advance of the payments to the
K ul Koari, this lorleiiure will be a serious
c'u"'i. Then there can be 110 sale of Bank
Sloe;, unless the purchaser charges him
self .ith corresponding Riil Road Share :
t. . . . ...
wlietiier too 'i"11 1'10 lw, ihseparablyrnniled. W a a la
cotisumption, laden with the exp u s of
tin se various transportations; that 111 sucli a
country, they -have a( .vantages over you,
who, with one hand.-can pluck ihn cotton
from your (i Ids. anil with the other, can ol
fer it to the consumers around you. i is
obvious that with the smallest exertion on
yo.ir part, in Ihe most ordinary slate of things
which llie.s; roads will produce, there will
be a .lem itid f ir exceeding the power even
of this K ink 10 supp'r. '
are taken Tor tn., y ,llL. U 1j. nn,,
the p ty merit of its notes
What are Us means of piy merit?. -First,
its capital must he nai. I 10 Si'..... ..r .1.
thesJ precautions, it will be impossible
f ir tie Omk to get ulong-wiihout uiakiijg
the 1V4I.
Hiring thus considered ihe various prn
visi.ws of the Charter, it is liaz-irding lit
tle now to a (linn, that the public can suf
ler Stitbing frorrr lhi t.aiik, and thai the
advantages presented to North Carolina bv
me
gran
Inn!
n 1 . ... . .
iviiaii, urn cneapiy pureri.isen hv a
ol the Hanking privileges now asked.
1 am prepared to advance one step
r, and assert, that ihe ('barter ileclf
woiking it into fabrics, return it to yoo for , j
passes-entirHy through Nonh Carolina, and " 1 ' "c vaul!.; of tin; Banks of
if within five years, three millions worth of Uuv Slates where snli.HjHioiiM are lHkn
xpi'iniiiure be not mado on the Rn.-id; or, I ft,,u ,'l's "ital fu'tii!lies Us primary
11 within ten years, 12 iinlliona worih I..' l'',,"!, of l'a nl,'", d. i.ts as
inH etH'n.led, or the Road finished to lvei. j - ,,m,'"e o rt. itb t!ie profits an.l
tu ky or Ohio; or if the work at am lime ",l,vr aM,s w,"eh J " "."'M ill b
beaiupended a whole year, the lL,nk los.-s j s"1,TS,'n,' These are all 11,,. afeenrities
itschirtcr. The capital wit which tin-! ",,,,J',y I'TmHert ly oili' i U mks Mot this
Lhi Ul iMltMfM I.k.ilir I.. Iha O...I i
L - " ...... .....pj t J
net) 111 f ........ .1 .. . . ..
1 . , ""ii-ihf, vaoaiiua ivouuiy i. K,
Sl ' January 1837.
-Jane AWxanuVr
i.rnn'j;.,lli,cWe,dw W Frcd
-t'lerk of SrTm..;..- n , , 1
a..i " " -r""wi . w;iii. iiaiin-d t tmiiiii
I s TJ1" 2-W1 """ Cul? 3 v Cla,k
-puvm K-avan : jr
snd siju . - ::r"T"',f.
'-. James P. Gray.
ih il.-. ..""'' "" u. jiarris, r.
Jordan.
Me-
-Uvid D Lauder John Lambert.
JWPsWit.hi.-bfr. William
- lie la. A. I . --
A Patterson, Charles' Philip. John
Philip Ridenhon? V 1
& Sbinn, Re,. Sulcuwa Sni.
-Tt ""r aiir..
J.7''C Vail.
KLUTTS, P.M.
SALE AT -THIS OtTCE
i . 1
uni. may commence, is to no about a mil
lion, to be increased as the Moid advances,
,nd .!!.eMt I xpe ted beyond six inii
lions until the Road successively teaches
Tnaiimt riui Kiru.ky
Uuder thesv provisions il would seem to
mo not to be a question, whether RiifhYioni
precautions are taken against the Bank, but
whether, with all these restrictions, individ
uals can be induced lo tako the Stock. I
trust that the anticijiaiions of (hose who
foimed the charter may be realized that
the Stock may be subscribed and the work
progress. Be that as it may, the question for
your present determination is, whether the
charter such as it is, sufficiently guards a-
gmnsi me lonicitons ol public evil, and en
survs the making the road. Or, 111 other
wortis, whether for the sake of tho road and
its advantages, this State will charter the
Bank. "
Satisfactorily to deck'e this mattr, it
aecms to me that three considerations re
main to be settled.
I Will the capital to be created by this
Bank, be probably ubsoibeo by the actual
wants of 'the Stiles in which it a6ks a char
ter? 2. Are sufficient precautions 'taken to
secure the public from loss upon its not. s?
" S ' I the rx isle nee of (Tie Bank made" de
pendent upon the Vconstrucdoa of the Road
iilld'lifFloeTMjtirlc Miificienify assured lhat
the Buutk carnot abandon the Road and tx-
The I A poin t appears to me to be settled
by a mere statement of facts At . present
the tiadn over the route of this road into
South Carolina and Georgia amounts to
threeNnillions of dollars. The whble,cir.
'eiil vtioii of this 'region is that of Southern
Banks, and if (be Banks now contemplated
were merely to supplant this circulation,
(which it would certainly do) a demand
would at once be established beyond its
jwiwer of supply The Capital of tbe B ink
will, at its commencemct, probably not ex
ceed a miHiori of dollars, and this cannot
be increased beyond two iiiillious 01 there
abouts, until the road itself lias made con
siderable advance, y Whoever is acquainted
with Ihe subjeift will perceive, th it this cap
ital caa be, tbaorbed in South Carolina a-lunc.
knnjvn lo all the Senators front the western
person of the State, that the present circu
lation along the route of this Road, is South
Carolina and (Jeoririst Bank Notes The
coure of trade always determines the cur
rercy ; and as the natural channel of this
is In the South, southern paper must fore v.
er ciiUMiie to a .Turd the cheif circulii nnir
inednuii. r or this reason, you have here
tofore been unable In put your ISlate Bunk
Notes in circulation in this quarter ; -.-and
beco"u'8' will therefore he between the
the' 'nVJiVK. proposed to be chartered, and
which" now supply the demand. Is" it ni'ii
obvious th:tH Jlauk Inning :i Charier i:i
several States, "and whose JS'oles are as
sound as thesi will I.e. must supplant all
others, ami furnish :i preferred currency to
the peojde ? A ul how vast will lie ihe gain
lo your Nute, 111 ilius exchanging unknown
and iliiuoiliil paper over which you can
'l ive 110 control, for the .Notes of an Insii
union, with a branch in your own Slate,
-iit'jecl to your own Mipcrvialon, anil bascil
I have ihrrs; Mr. Spr-nfcrr, nanvasse.1 all the
views which hav oeeuned lo me, touching ihe
Hul.jeei of jour deliberations. have disrbnigeil
my duty. i is now f..r y..u m act. 11 mi man
m.Ktiike the pf .si turns 1.1 which he stands. The
v.nn ..f this Seimie miisi now decide whether
your !Site shall advance or recede. Up.m-ve-ry
Senator there is an immense responsibility
ILuj! uk,si.,MrtS'Wwt TrntrrTrr
oning will be deinsnd.'.l at his liaml llir.M.jjl,
his l tuidiiy or indirl'Mreiice. ih mii.lr. id" riM.r
Suu.al.all U .Wprucd of Ilia bei..fis which
Ibis U .a.l offers, Im greai will be Ins rtsndein
nation ! Desiroy ibis project, and what hop. i,
Itiere lio.n any .sb. r ? Jipon tbm ihe enemie
... ... ..,... mtFi'nHrn eisievniralrd fiibhc o
pinion has been directed toil from ever n.,
ier ; and if it i,w lad, 11 will be (mile u, pe.,e
" ,r'- " iiLi"wpr.irlpi, iinriutte, tt
rnternai luiprovernenls will f.r us be n.fre vis
mi of a dream. And tyben the i.iiihsI. II arrive
if if 09mr alinlJ It.. k..ij.. ..
" in-m)j mouwu imnii nils ill. am.
we snail men awake lo ihe discovery thai o,.
lbet.de of eniigrallon has ebbisl away lbs if,.
bhsid of the .Sl.it.. lu moisten and frtlliBd ihe
soil d" .air neij.hb.ia. Then perhaps we will
content ourselves to sit down 11. d.pair. nnut a
common ainscj and lupinBiieMabatl inure u lo
our condition.
ErmstngCIeika uf the Legislator; wfiicli
ou his molion, was laid on the table.
HOUSE OF COMMONS-.- v
On motion, of jyir Graham,
Uttoletd, That the committee on Inter
04 JiuproH'tnents be tnstrmted to rnqnirs
whether the Cape IVar Navigation have
ttghtfally retained the aiim of $i:7 631110
from I be Suit 's Aividerds on her Mock IR
said Company, a .d if not, lhat they rep.st
what steps are to be taken lor its recov
ery The bill to incorpr.rate the Raleigh) and
Colombia Rail R. t 0,1,, any was read"
ll. . 1. M.m ...
some length, and Mr O.ah on and Mr IMo
I'lenahnn advocnte 1 us passage Mr llol
lingswurtb moved to amend the hill o as to
lee tho couipauy to go by Kayellevill v
..a..-. . 0 i ot-viMiii an tins, me daintily .l 1 upon me iiriiiual re.-uniy
ui: wiioic l.ail !ltpauxJil, ntnininli.ig to
t welve mil ions of doll .rs, win. all ibe prop
rtv ol (lie company, and the personal cred
it id it individual stiM klioldirs, us far the)
.ire hound under the charter. Wle-n capi
j tal o tbe li.ink increases us not s are still
j further secuicd by ia Rail Boa.: with a
doiH'lo track.tiie enlirc extent troui Chat b s
B t there is still 'another important hen.
lit which this hank w ill confer upon your
..eople. At prfscnt the iradc nun S.mth
1 !ir..lliia ..u I ...... ... i' I .
" a.iio oriiiri: ri-.icries lliree
millions of dollars. As this trade- is not
a mere barter, thn articles vol. I - musi of
rourse be paid for in some kind of paper.
A. ..ri....... il..... I... I .. . 1
.. .. . nine ..i nii. no circuialiix' ;ik
Mr. Speaker, I read in the expressinn cf your
roimienai.ee, lb .1 il,i shall not lie. see you
are ready jo .r,r... up .n t. murnent, and advai.
10 oie struggle. t.niH ib hi tis, wuh ueilml
KlX-'Jiglh-presinVrwsrtf irt ruiliinale "ihe CeiF
M.....a ............... ...1. 1
01 out is uiers, ami tbe prize 0.
.1 1 .
..,, ,Mle j,nz u( ,-IOjj eM.,,MlMi nr
bappina and. powperny of .sir coumry. So.
weAaveall r.ml u, ll.n sch.ails. Dial 111 loruier
d.ys there was. people, ai whose bauds an e
inerge..ey rMjatre la public, work lo connect then
cny with the sea. Wnh uislani alacrity, the
wbole iHipubijon mulled forth women, chill,
and man. There. ihj ma
ipiei.ces ihe rich caul into ihd p.i'ihe treasury
in. V'Oi.. me pool mo o.uto m'an eft.n .a...
ilu-ir ciiiniry asksl and it was dene glorhsis
ly, nobly done, fsir, lhat ciiy and that pwiple
have ever ainee stood l-tre.unsi in ihe annals ol
nan. .its. 'I'liu-iM wero dayw iu which one mighl
live and proudly eUno ide name ul man. These
.... .ly. man wlill lilte hlOllltcd Upon llliS Ills
ory . haraeT. rs s.. fo,i,w and uidudlng. lhat e
ve now. by ihetr example, we ami our children
ir- ii.igl.: lh infancy ihe gr't le8Wbs ol o.ib
lie virtue. r
Sir, lei us n..l now f-rwl t(,e ,.snns ; let
us d. vole ,.v, ,y )H,r , ,(, nn,,,,,,,.,,,,, of
"r eonrnry 4 ao.l iei .m, tviihoni hesiiaiion, in--lai.ily
a.lv nice lo slay tbe wound, under which
-i.h , i,w bleeding. J hen. al leas., if our if
l .rl prove unavailing-il ..yy remedy in ui.r
H.w.r Ih- nppli,., 10 vniii-if the final jUjiumu .
eoiiie, ...nl uux .M.Hry triusl .n.-euinli - vr s,
vedo.u our uliii.Nl I., avoid ,J ;"we liall have
u.yehargeil our dm v. and wix.bi.ll ai all pvents, ,
'. allowed tbe niello,, h illy KaUi.f.elli.11 of de !
':.iri.,K. ibis is uu Work ol ninio "ihou raiiai
no: h.y I did 11. J
OS
ion lo tne I i-nnessee, fvi'i.tui kv and Oum I ,t...... ...n:. ....... c. ..
1 , , ' , ..,., ,, ,,L pnri.ose me vrea rr
lino successive y; toget .or with all the real J ,,.,,1 ,s laueu ,., bills of excliange a, a en.,
Estate, Dr pos.tones, Ivgines and materials ol -something near 1 ..er ceni he-id.., , b.
I of interest lor at at thiny d.,ys. Sup-
pose Aortli ivar lina to furnish one turd of
appertaining thereto. It may saf.-lv bo af
firmed, that no Bank in the United States
can i.fl. i equal security.
,But Us bolvency is still further secured
by the precautions taken to prevent over-
nan lung, lu issues sire liuiiieif oue-ihird
liclow ihoso alloweil other Banks. It is
denied the privilege of lending, eiihernpon
its own or the rail road stock.--until three
fourths of the capitnl is actually paid in,
and then it can only lend to t'.e extent of
one-half. It cannot permit the R ul Road
company to overdraw and if at any lime
it delays paying its own notes in r-pccie, it
is liable to the exhorhitant interest of 12
per cent. . To frustrate any- speculating
schemes on the part of ihe officers of the
Bank, they are forbidden from acting as
Brukera, aud the Dueciors can receive no
compensation for transacting busineM for
others with the Bank. - '"-'"-: ':'
But there is yel another provision which
is particularly important, inasmuch as. it
not oiily operates as a restraint, hut con
sults the digmiv of each of the Slates gran
ting ffie Charier. -The i Act requires fei
pons
Le,
the Parent Bank, but of all l.'ie Branches.
This - gives a supervisory power to each
Legislature ; and by requiring a Branch to
JITI; laKCJlShA riJUK,
Mi ATE..
Monday, Ja in.
11. ... ir...... . ..... ........ ... .. ..
.mo ii.w , mc .oiiiiiai 1 ense Uu'ii upon
her citizens m-rely f.,r this exchange,
would exceed Ten Thousand Dollars.
This tax will almost enliielv be jiavedbv
this Bank, becati so its currency will ai.-
swer all the purposes of exchange, in the
oinerent sections ol the route, and will
thus facilitate m every respect the opera
tions of iradc.
Gntl what at list is the boon asked at
1 your nanus lor hem his so vast and endu
ring r Ii u to grant that which you have
given lo ihe oilier Banks in your Slate for
a tax 01 one lourtli per cent on their capi
tal without deriving from thein any public
J'nt fiior any other contribution to --the im
provement of the State. Compare this pu
lartCAutviUi even the ertarn adVahtages .of
fered by the Bank now propoted. JJcru
you Iwve an tlajrjlJree.uUioiiiMg
your'citizens a road fastened to the soil,
whicb ' itself a source of wealth, and up
on which you have reaervedtbe rigbf to
ris to be made annually to the respective r, 'a,-. ;, ., , , 1 '..
. . , ., f ty which it will , certainly produce the
gs alures, not only of the cundiiioii of ;it, , .. ' . . .
. o i..i. -i... . If -ii ..." D. ..,. agea Ui which il will ai certainly give
birlh-lhe saving to your citizens in fur
nishing their exchanges ihe substituting
a aound and stable currency for one lhat is
doubtful and unknown besides all the
wlncu was negatived, audtheolho lull imss-
ed Us second reading
I he lull lo gr int Hanking pnvileges to
Ihe Charleston and Cniciiinsli I! ail l...,d
Co.i.pmy, was liken lip si Us tlnrd r aiii g.
;lrl. A (J.nn opposed the bill m a snort
speech, with much earnestness and st.iin.i
mm. Ilewtisrepli.il to by .Mr Moor., of
II ilifcix, who went at larjo int.. tbe merits
of llu whole Hiitip.) I. The q.icsliou Ih lug
put on Ihe passigeof iho lull, Mr 0 nn
mov. .1 lhat it ho on ihe lat.le until the 3d
Monday of iSovimbir, iHiM ; which wis -decided
111 Ihe negsiiv , 5." to 49 Air.
0v)ii then moved an a ii'-o l.niiiii lo tno
bill, providing ibHt if .my singe , tho char
ter, the subscripiioii should be greater than
is authorized, tb so scnpiioua of non-rest-
4intl those -Mntea-wliic'li 4iave, or tiisy
liernalier a.iiclion tho charter, shall be
stricken iff before any reduction shall be
m ule in iho subscription ol the ctiizena of
those Stales whose sim lion ia nq ,,,, ,) ,y
the charier. Av-rced to. , Vrs 8:1 IV.v 1
-MrC x '
Mr. ( wyn moved to amend the bill, bv
adding the following section :
i)e 11 itirincr enacteij, that no (tank cor-
oratiim sh:M . "y-uraiaaa.i . n
us Uank. either
ess A.T.
Nays 3D.
Mr. Irion moved to amend the bill hv
adding a provision lo compel the Bank to
redeem Us notes with gold an J silver, of
the coin ol ihe United mates;- Mr Or
bain opposed lliejamcndment.oii tho ground
tint the charter was snfliciontly guarded in
this respect. Tho amendment was nega
tived 61 to 40.
Mr. Gwyii' moved a further amendment,
giving Ut any succeeding Leishiture full
power and authority to alter, amend or re-
peal the charier. Mr. M'n.m opposed "trie
amendment, on the ground that it smacked
loo strongly of the Dallas dnctnnis. The
amendment was negatived !.') to 11.
Mr. Irion moved lurilu-r to ameed the
bill by adding a provision that Hie Leuu-
j l.ilure ol ihisSiaie shall have full power lo
repeal l.'us eirier, at any time before the
J Ni'es of TeiuiesRee ami Kentucky have
given their sanction to ihu elnrier. Mr.
Graham opposed the amen, Intent, and shew
ed lhat the charier .now expr essly provi
i ded, that il should be forfeited, unless as'
' uted lo by those Slates. The amend
ment was negatived. Yeas fif. N.vs 40.
I he question now recurring on the pas.
The following engrossed bill and rem.
lulioii werereadlbrei. (m,.., passed aud or
deied lo to beeuroUed; To 111 ..ro,.r
town of Rolesville; In fayor of Wm, Thomi- ? "'e b,,l, "" ,h,f', r "ff. M' L A
sou. 1 1 wyn remarked thai, believing by the oas-
The Senate proceeded .0 consider Mr T! !T n ' T b'"v "'''i1 'i" 'w 'tilt
Edward b, ,0 prov.de f ,he Z, Zl ,
J " -vriS vft
and Ihe safe keeping of ihe surplus revenun
accruing to North-Carolina;- when Mr. J.
W; Bryan moved a substitute, embracing
hntwn.fiflh$ principle which was nega
lived 24 to 23. Mr Margrave moved lhat
the bill In on the table. Nsgalived.SO lo
t 17. The question then recHrnngon the
passage of iho bill its 3 1 reading, it wis
decided 111 the affirmative 20 to 2-2. and il.
1. .11 1 1 . .. i ,
aniiiu. iiu 10 do eugrossou.
its passage.
Mr. Crawford said, if it were true, as de
elated by the gentleman from Caswell,
iriat ine sceptre had depirted, be tru.ied
tii-ii i.i..ii. i..i K
SS
that
Tho vote was ihfep taken, and Mood
luiiows :
For the pattagt oj the mil Messrs.
Adams, Bedford. Brummel. Byrd. Camp
hell, f Tallow, v. Canada... rvlal.Y.. flA. .
Jlijrf .Vlessrn Arrington, Baker. Bar. lC.jvini!on. !ox Crswfoa-d r?o. P;:.. ?
neti, Bryanjr.f Criveri, Bunting, CowM. of, Farrow. Flim nr. (J des, 0; ady, OrKloun!
Gat
son
sand Chow-an,Cooeiofaiartiii.Dd.-f-qs
. Edwards, Exuro. Fox. Hawkins, llo.d ' ll irris, VV II
der. Ilussey, Jj,,.f, Kerf, Marsleller. Me-
lMnavMr.-M'lleiryt " Hloy'e, Morehesd,
iveinnaiiit, Saunders, Skinmr. Spruill 20.
M'' Albr ight, Bryan tti Car-
aw--toinn7'"Guthrie. W S
Harris, Hill, Hoke. Iloll.-md.
11 t tv ... . -w..?.
11 orum, .oicrwri--RrltfrJ A K 1 i;g,
W B Lane. Lindsay,' Loiidcrniilk, I Mat
thew , C ll Maltliews. K P Miller. V J T
M Uler, MiMH-t McAlrsier,' McChinhahiiii," '
teref and jones. Burney. Carson. Davidsoi,,, Mcltae, Nye. Pati.m, J A Perkjna, Pun k
he in each State, the laws of each, can be
made efftciually to operate upon the who e oUier ndvtnla u wolclj j ,ff ,
Auriuiruhikii IVlllwuil & Kruikfli. if .' Uailllll : . 1 ... ..... ......... .r...
tsrr- 1 . it 1 il p oavsjiiaitjo IWii W UILU C f Ml V II Ctt-
f"" """cKu wimld gn fu,,ytcJ,edr Ca you reluse
be difficult foranrof theSlales t.i act op- i . viii ...... ,L i.-:-i.-.
on the l.islitutioii ; but wih that provision fc( of Internal Improvement . wlucll has V '" " th co,u,niUw on
not only process can be served, bul can in ' unitn KlatA . ' . I.nprovem. nts. ; .
Uockery. G.11W: - Hall. Hsrffrave. Jiinna.
Kelly. Melchor, Moore, McCormick. My
ers, Polk. Reid, Reding, Taylor, Williams,
Whitaker 21..
Mf, Dobson presented a Resolution. . sn
I Ihoriuiug the Board of Internal Improve.
mi nts to csuse Mirvcjs, etc. t- be made by
competent 'Engineer' of a Rs.f Road from
Fayettevilb' to the Y idkin River ; which
due course be enforced by the Courts
Another salutary effect results from the es
tablishment of a Branch within the State.
A place is iheraiby provided within your
reach, at which -the motes may he redeem
ed ; and in case they are received at Ihe
ever beamed upon your State ?
A refuasl at thia tune on voor part. Mr. S pea
kei, would be particularly union .mate. Il can
The bill providing for an increase of the
capital stock of the Bank
ion Rolierts.Suiierthaite. Simpson, Smiil;,
ovrin, 1 . lomas, .warn -03
J'gmnit the postage of the BUI JIes ,
srs. Avenil, Blouni, Chamber. Coor. Cot
ten, Daniel, Dunn, Faton,, Faisnn. Gary,
Gee, George Oillesp.e.G.lliam.L Gwvn.
Hanly, Hawkins, Hei.rv, Huinrfswi.jb.
Hooker, Uowsrd, If iwerinn. Ifuicbisiui.
on,
tm.
Maultabr. M.Ve. McNeil. A PaarLt... N
Prilcbard, Rami. R ivbuck, Sloan, Smail!
Irion, E Jordan. Jndfc rns. Kenan, Kenny
I W Lane, W A Lea, J F Lee, Mac
Maultabjr, Moye. McNeil, A Perki
Prilcbard. Ran.' R .chuck. SI...... S.
icrease ofthe woocl Spicr-vSialliiigs, Stockard, Tomlm- '
of the tslj sou, Tuioii, IVat-on. II , W little V, K Whtt
1 to betaken, ley, Willi imsoii 50. . ' v
noi have escaped your oUervatton, tbarSt,uth i wv(V uo 01 which to betaken. . ley, Willi imsouSO. ' S
uarouna ass a ch.nce 01 iw.. ryuies u, the cm ; ) '"".'" " ind.yi.iuais.J and I So the hill passed its third reading -
meroeof th West-the one ihroiigb V.r fttate Ihe b.ll providing for the l.ke ,r,cre.e of was sent to the Senate' askioir &m sinL'
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