... , f . . j
M t ' -
M j '-..-'T ; - : -----
t
I i
! ...
1:
1
.1
-
Hi-
tf
iB;fIAIlIIIpI . -PONES.
It?
1 ft TERMS!.
1 1 "The Vatcmaw may hereafter Jbe had for
f two dollars' iid Fifty Centsper yar.-i B J
ft A Class ofrbiuR. new subscribers who will
1- biV id a J ranee! the whole sum at; one payment,
f nan nave ma paper iur wiu jwr w u -ars'
feach, arid . as long as the ame yclass shall
lohtfniae thai -jto pay in advance the sum of
EHiti Dollars Ihe ; sarrie , terms I shall continue,
will be charged as other subscri-
pthervfisa
fcSubscriberi who : do hot pay in tKo year
3T7111 J3i;u3xc unco tjvii !.. vmui , r. .
t Nokub?e;tgti3ti will be received forf less than
lene yezr. - '':'-.- -' i . v".t;v I,
i! jN"o j-p,r will be dtf3onUnue baat tbe op-.
flobf the Eultor, unless U arEeirorea'are paid
i m. II V.tl... I. ll.. 17 Jifn imntf -,1iA-'iAf
paii ;i otherwise ihey : will certainly -nrt be aU
Wendell to ;: - I . f
If EttMS of Aotkrtisino Statfj two a Ral
Cenl,per tqwtrefor the first insertion, and SI
Peisl)er7Utre or eacA ttserio qflericards
jf No advertisement will be iosertefd forces3
than oire Dollar. ' . ' . .
ji AdtrWtisements will be continiied nntil order?
are recti red to stop them, wher0 no directions'
ie previously given. !
: lAdvtei.Usmetsi by the year or six months will
e nnie at at Dollar per month fqr each square
fvith tie privilege oT changing tlje foftn every
quarter. ;--'y: ... J j. '
f
? t
SALISBURY,
'Beeswax per lb. 18 a 20 cts. ;
pie per gal. 4 a 50 cts ; Cotton
Brandy, Ap-
per lb. (iri
SfwJ; S ets ; Cotton bagging per yd. 20 25
t.f.; Uotlne pee ih: lb a 18 cts; Castings per
lb 1 4 ts ; Cotton yarn, from Iffy. (S to No
Tl, $1' 75 a 12-00-cis; Feallilers per lb; S5
Ui llmtt prbl i6 00; Wheat jr bash $100
S5;0ats pr bushel 30 cts Corn pjr busli 65 els;
rln iwr lb. 6 a cts; Lead per b. 8 a 10 cts ;
M!aises per 'pal. 624 cts ; Nails iper lb 9 a 10
i(s(; Mf rwr ibO a 0 cts ; Bacin pi-r lb 121
cN, Butter "per lb 124 cis ; Lanl per lb 15
Per 5ujiel 25 1 50 ci;siett, Ameri
ai busier, per In. 10 'pis ; hugliiih y,o. per lb
' THE UEilEDxvT?iKv
L From Ae wVatonal 'jOtUeilifi
I Incredible asit may appear, iere are
persons of jke Administration party, - who
maintaio Ubat the General Government
sbdoldnot trouble itself tboot a restoration
of specie payments, bat should confine Us
operations to the simple object of collect -
I ng its revenue and paying its debts ia coin,
eating each State to manage its own affairs
to its own way, Had this policy: been
prued - W Ihejy ea183jl , it wodl-1iave
bad something !o justify itbut at this period
its ad roiacy conies with bsd grace from that
whose party leaders have brought th coun
try into its present condition. Bullet us
examine the proposition a little, and see to
What it will lead.
J There are now eight hundred and twenty-three
banks'and btanches in the United
States, Holding charters under twenty-five
States, two Territories, and one District,
making twenty-eight independent sources.
According as ach of these banks is con
ducted with more or less prudence, the ex
tent of the depreciation of its notes will
be less or more extensive, and it is now
quite possible that there-mayL he several
hundred local currencies differing from each
other, and all of them differing from the
metallic standard. It is true that in cities
and large towns arrangements can be mad
amongst the banks of the sjme plare to
check the issuer of each other by volunta
ry . engagements to .pay interest for daily
balances, and to limit theamount which any
one may owe to another under the penafty
of handing over to the creditor party the
choice of its bills rcfeivahle;t hot combi
nations of Ihij B'jti trtlncfn atP thSi hanks
of one State, or between-those f different
States, are not to be lr,ke. T i, and we
may therefore take it for granted, until a
general restoration of specie payments isef
feeted, the currency of no tvo pUcs vill
be precisely w. satne for any length of
a
the State GoverBments had tlieir cloth mea 1 C3 1Q 1th
sured by y ardsticks oiily two feet long. But
ltbisqch professions bf delrolicn the m
terests of 'the democracy of numbers,9 bow
jn measuring its own cloth jwitb a jj metallic
yardstick, and leaving the people to raw
euro theirs with yardsticks' made of -gumj-et
tastic ? The idea is inadmissible, and. nott
withstanding that a powerful inffuence wi'l
is:1: I. - Is.., ... ''
oe orougui to near upon us oeiioera
by tblose. who flatter themselves that
-3-tAatea who.' together. re
cetTed andathafamoant within tbe'last
year, jwuhoQ aiing any noise abouliit
tnd without lelieg that their operations?
those of the - whole com-
compared M
nunnj, wercpucn more tnao a drop in the
bucket, v 4 1 t-i ' ': -
I If, hen,l J national .bank; possesses no
dovverito c4fpel he Slate banks to resume
ice wi'l ! ppcie pay tn fits, through the collection and
Htford 1 d sburfemecfe of iher ptublicTevende let
Will
Leal : their.- financial; vvounds; yet
rtM j wht cftr poiwee jt could possess. JJt
t t B t & m an i les tKiti i o wenfj transactions, f no
country has a right to expect that tho cAurtt f .t P0 ; the power of coercion but
;of that body .in September next wjllj tfe hfyll ttiamijb nattottal bank
cts Cast do. per lb 25 a A( cik ; Sugar time together. That it should ie so, is in
pel f-; a.. iP cis , riii hi (.jaipaica; per gi; ine nature oi things, anil n;thinti ran irc
till I T VantPA rtA. I VV.h.I -U-ill nr ill Stl
j Ctsrallow perilb. 10 124 . -.;'lW-liinpr yd.
j; ltu1 ajSO cls; 'AVine (Teneriffe) ir al.$1 50 .
fortdgal ; do. SI oO a St 7 cis : Claret flu
mediatetf t directed to the creat obiect i c
restoring specie payments. I P 1 -j
m' Attain B tav, sf
i ne writer naa careiniiv wairnen inn or
gan of the Administration at Washingtooi
to see what new plan jfor tlie relief j of Jbe
country was likely to b proposed. JSibcOthe
prcijeet of receiving and paying the tpublii
revenues in gold and silver, examined j inj
my last, and which appears to be abandon
td as a measure adapted to restore J speeiej
payments, nothing has yet been nBci&lly
thrown out. The sigris of jhe tiai, hojw-fi
everi in numerous other quarteisf irMrficjentf
. .1 .1'. A
iy indicate trie gradual concentration ;ot
public opinion in favor of a great frank at
the only remedy for the existing evitv and it
cannot be uouhteo thai a national i insitlu
tion is now a favoiite measure with a large
party wno opposeu me recuariermg oi ine
late Bank of the United States. Consider
ing it as certain that one of . the first! steps
taken by Congress atithe ensuing j ses5 on
win oe to discuss the merits OI sucii a ,Man,
I will venture a fow observations in rettlon
to it.
rtM
ii couMa
selling fits
notes, tecrl
.The charter of a nitmnl brink will roeejt
Willi i opposoiTnTVom fall tuowTjoliolHij
such a -bunk to, be unconstitutional, wli ich
is no smnll party in Congress, as wfll as
from ' those who may bold it to be inexpe
dient, 1 i !
Should it pn?s by a majotity of hoth
Houses, it will meet ith tlje veto of the!
ing that. the. General iGoTernment and
ft?C! e4ligbtestlrontro
f their operawuf??."-would have n A
roottve ta hasten tthe contraction f
loans; which can aiont render them capabh
v r"4""" auu wouiq in all probability
expand thero, as they have unquestionably
done in some of our cities since the 10th
of May; as is evinced from the diminished
rate of interest and the augmented price of
peci. kThe conseuense of this - iwuld
be a turner depreciation ofheVcurincy',
Awacene of ibirtrading;! Sad; a the
end, a reDetition of the Axfr Whw
have ao recently overwhelmed us. -
If these positions can be rnnirnrtp,t T
should be glad to see iCdoneU - If a new
national panic can be set in motion with
powers to coerce the State Banks to resume
specie payments, I would be pleased to see
the modus operandi pointed out. From
what reflection the writer has devoted ; to
the subject,. he is not abte toieo how the
country can be relieved bv anr new bank:
EIren if the expedient ; were resorted to of
applying trie whole capital of such a one as
he lias supposed! in loans to the different
banks, which would be equal to about ten
per cent, on the total amount of their loans.
it could extinguish but fifty millions of pa-
Iltn n.i.t! I . t "
lv v-iviua ciisuug In inB lorra oi notes in
circulationand deposites. How a general
curtailment of bank loans throughout the
unitea aiates to such aji extent would go
to place all the banks in a situation to re
sume specie payments may be easily con
jectured, when it is known that the aggre
gate amount oj loans beyond the amount
of capitals, art the 1st fJanuary, --1836, as
appears by the Secretary ofhe TieasuryU
r.?pirx oi ii ol January la$U vas
vurtrieniiobhs dS'Co. otter a note for $205,630,788. And, besides, what guar
ten uioubami uouars.nnu oilier people oner amy. could there be that any stipulatiou for
woulJ.there
fprei hive ir become a creditor of the Slate
bunks, beflrs it could j coerce them. This
.i - - ll ft, ll m' . .
impusQ jniovr. nodes, "ftm,- by
?de: or stocks for: Statel bank
y jbytollectinij the,! public
revenue in iich notes; thirdly by receiv
ing, on dCDlnte state bank-notes! and.
fourthly bjj Icndingts specie r stock - to
individuar U)rrowers,f and ; receiving I from
them m payhent Ihe notes of Slate banks.
it wouio ifa sorry sort or trade f or a na
uonal bankiu carry op, to become posses-
J l : ' 1 I . I - !.J - .i . ' 4 " . "
ea oi tiepra tatec notes lor the sake ot do
ing what rltviduals would reluctantly do
ttat is,:ithebank. ll might even be a
very "fifitabfe gam; for, in order to make
uie ru'iipiioa general, ii would nave, to
get holit! of the notes lof air the banks or at
least nfja tnajonty of tbem,-which would
be a fiazu-dout as well as ex pensi opera
tion. I tajce1 it for granted that no such fol
ly Cfiild be attempted!, and therefore dismiss
t Ms-view of the subject -
But it is certain that iflbe bank was re
suited lcarrvon the business of banking
lit r 1 : ..' i -
kii woAiiu nave to utscount notes: L,ei
us
' Iron LU JVcfwnai nffrnco-r
EDITOR'S CORRESPONPCE.
r ;
Jier gal. $1 3 a I 75; cig ; M i
jpelr gat. $1 i Whiskey per va'. 4 a 50 cts
.rr-
ijra
CHERAW.
peef in market per lb j a 8 vA 9, U
Haai il'K 00 00 cis
all cts;
per lb 20 a 22
tela ;J Bale rope
lb' 122 a lb ctsjCuffyn per
jDO 00; Corn per bushel 1
5 ! '. I. . . -
cts ; Bagging peryar'
per ib a 12
(sweet)
aeon pen
Beeswax
18 a 25
CuUe pri
5 8 OOP
1 121 a ois : Fluur
from wa.m-j ptr brl
7 8 000,
14 ctfe
too uy
ll a cis j
, I'fo.u stores per
brl. $10 a 1J j f run pr 100 Jbs &5 C4 a 0j
, fVisjIasses; per gal 455 a cij NiioVcut assort-;
' H per lb 3 1 2 a 5) ct; Wrought do per lb. 20;
fcj? ;Pork per b 8 9; Rice ! pbr 1 00 lbs $4;
;.0a;'-.S?u'irar ber lb. 10 121-2 I ct; Salt pr
icperican
u FAYETfE VILLE
i
ft Branny, peah 75 a 80. Do. App!
vent it, unless the t wenty-eight Govn ntnents
which IiiiVfc created the hanks should all a
gree to enforce a rnsmnption. SmcIi a
course, with the recent examples befoie us.
of the States of New Y oik nd Coimeciicnt
sanctioning by law the suspension of "all
tiieir banks, t!ie former :' evt-u aniluxizm
them . to Biiyinent their loans, and of the
Stale of Mississippi granting tvvo nnv 1 1 :i r -tejrs
for tanks ith large capitals. i. not to
be expected ' Indeed, when we look at th
enormous amount of dhts exisring at this
time ihrougliout the Union, which it ia for
he luterest of so many people, and nmonust
them no' smnll number of legislators to
postpone, any tliina like a concert of n tioir
amongst the State Governments is not J i kf
it tf h oru nt n r I ; v rnt'44 v '
uona irti 1 1 ; ii poti, sue i a n v e n i w i i I vnr o e
President, whose Jionor ami integrity
so irrevoc.'ihly committed nba'mst such
hank, -in his I. tier to SH"rr6di Willnm. t
it is hI t rvtjjoi Imr nipossiHIe thai he ejU
a charter, or connive1 ,at its becoming ja
law iiy rctaiiiini the bill ten d
. i
session. !
nre
a
hat
sign
i y s in his pos
In the case of a vto, it is
both
t
liarujy j possi
llousjp? can be
nded General
which cae it
a law. ' I
WZet iir lb XtS f ociHThIiW P7iTl 0
-Ja? 124 cisiTea Imperial per lb $1 35 ai 1 874 cts;!i to be uttertv lutile. .' A deoreciatert po-ie
'Cys6n' diipr lb$l a 1 25 cts Tobacco manu- currency, therefore; ' la'just as ctrtitn to l.e
Jactured per bjlO a 5 cts. &lened on the country; should the! Govern-
i It- cu vninTmrTT? 'if..- " r -L . .
e. 60s 70
dacorr pr lb 10 it a 000; Cotton pr lb 6 a 8 ets1
CofTee pr lb 121 a' 134 ; Flour bb)J $64 a 94
Flaxseed pr bh $l 00 a 000; Keajlhe'rs pr lb 40 a
Corn pr oust . 1 15 af 25: Iron, prlb 51 a 6; Mo-;
glasses pr gal S&40 a 00; Nails cut 74 a 8 ;Salt
.. l i f ' nr. . it m. ' . . i rr i - - .
epr on -in 3U a 4 o, ougar pr 10 1 1 91 1
ftea 2 a 3 Wheat pr bush $1 30 j 0
r gajg4L&3, lieeswax 20 a 00 j
IjJLW JYOTlCMi.
J
I 1
AMES MARTIN and R. If. ALEXAN
DER, (late of North Carolina). At lurneys at!
ment remain quiescent on the Occksiop, tjas
that it exists, and it is for that reason that I
have thought It worth while to offer these
remarks in addition to those which have
been alrecdy advanced. :
The currency of a country isi for -t.be
time being, the standard measure of tbe pri-
; Tobacco; ces of commodities and property somewhat
iri I. il .
vvmskcyj m the same manner that a yardstick is the
standard measure of cloth. So long9 there
fore as the currency is coin, or paper ex
changeable on demand for coin, so long is
the standard invested with a degree of fix
edness; but the moment that the converti
ble th tt to-tltirds of
found to pass the lull. Unless
Jnekson should ap,irov of it
wouln oot certrtiiil) hcoine
i j l l J :
. For the siikeol argutnenf, ljowejer I Will
snpptWe ihat m -h--wtr ji'or a u ttioij haiik
should he gi.jiHeil, wijh a t;M,!t;1i "i fl'ty
imt!ion5 of dollars. Tins Oapit ii ( Ivil!
. i i 1 It
suppose- to ' ii i.le up (if Government
stocks, P'lhscn'ie.i .mi (he unit ol the Uill
LiSixXCS. ot Stte nri'sj r;tldi'-iH'reTia"
ihe part f so iie or all of lh4 Stnleslor iv
individuals, or parl'y of onn and; partly n(
the other,- lo tin; nnount of .jforlyj lUillfoiis
1 ! 1 1
f dullars, aut the balance of specie I
create the capjl il in this way, lor'tli pur
r- . . i . i i "
pose ol-ouviuni th common ohjection
mill
Law, Mobile Alabama, attend all Ithe Courts! 1 bility of )apei into specie is gone, that mo
Ibolden in the chy of Mobile, the Supreme Court ment is the fixedness of the standard gone
ai a uscaiuusB, aua ine vyircaii iuuii di ine u
nited States in the city of New Orleans.
July 29th, 1837J-6W2 . . j
S T -Tr-r ?
BBETTIST,
I TNF0RMS the public that he will be at Ash
! JLvilIe, in about two weeks trim this time
I and at the Warm Spring?, Dumcbmba Couuty,
thortly thereafter,
J ;)Juiy29, 1837-Sw2 1
also. In such event il resembles a yardstick
that can be made to shrink at the pleasure
of the patron who is measuring with it-
project of. receiving and. paving
The project of
the public revenue in specie, while the
. . t.t t II i . . I
oiaits ano ine pepie coneci and pay tlieir
debts in paper, is precisely the same if the
Government were to use a true standard
yardstick at the custom-house to measure
cloth with, and the States. and the j people
w ere to use others of .as many different
lengths as the fancy of the makers of yard
dotes, atnouniing ill the whole lo
'.,.. ..rI.vlilL . .... 1 . .
nun 01 M"ujir, wijioii ainuuiii is eiuercu to
their creJifi iiji their, bank books, with an
xpre?i iiiderstaudiftg,. that,; as the lian
jvas iii hard money itj is to be . repaid in
hard ,m1iiiefyLc Bi fkr so, good. Dobbs
I TO.1 Py Simthree millions of dollars. having the
(or o.ie nousanu uo ar, and lor that sum . . . i .5
1 .s 4 , jv i i . . . . ; . expenence of twenty years to guide it,
they givtlhe bank which is the depostto- : - - vr i ,.7 ' ,. " , K. f '
! rTt I iJt' 1 A .u possessing a dotnesUc credit, which com-
tv. iif th,idr.blic inpueya check. One thou- L'ji. r: . . .u
1 1 .1 - Jt J j iii . . , manas forjis notes at this moment in the
Sand then leave a4 a bn ance in jhe- bank o ;;,,i,iCi,k- ..J. fr
I v 1 .t - it -I ;-j . 4t 1 .r 1 oouth western .coontryia premium of from
atduielher eight thousand they draw am i;, ..jv .
r . . i. .,T i - 'if iii'-'t" 1 r . three to ten per.cent,and a foreign credit e-
oiit ..Mil n, es of the bank for the pur- , to iny:aathat might beTeasonably
ftwtfrPH? lervdehur 13 ,1 in Pa iyw operation of tlie
n V, T 7 ' '1 General Goyerriraent, and the powerluffn
a t
mil- I reSUinDtion would h ireneraHt- nnmnliot
I - -ww avawv VVItl'OVVI
with or that the loan would be properly
secured? . :S'
5V The writer does, however, see, how an
old bank, having the State banks and the
Public already in his debt to the extent of
that M capilnl of fiftv
hall tliM amount, cMild
individuals, either iri.t
rope ' winch app'eais'tijj le th
ion of intt'liiientmen ! In i
theform'T n itionl banks, it
ns. or
eve h it
uot hi obtained lrOn
lis country or! in E'i-
general optu-
ie case if
wit fou
I 1 1
pr would oe worm in the marKel trie
twicelil sec;ie, being redeemable on de-
Jin I irj cojn. Dohhs fc Co , would,
heniref sejl thein fr current notes, with
jivliici tltey Would pay their debts, and in
at; few hours the notes would be relumed 10
jjae i 1 lion a I bank lor payment in coin
-UVie suuVu iltintj would happen with all the
specrie capital W'Mild he drawn out. Its
holes would not circulate as money fpr the
Very reas.ifi llitet they would be more valu
able than the currency which creditors
i J . . . --
would be content to lake, and for the very
samo reasott thai the notes of ihe Bank of
the MiMrlno'ilis -were'jUll returned, to tliat
15 mk when sIih gave ojii, on ihe 12th of
Miy. that she woulif not suspend specie
fl ience of the- stockholders, which could
be exerted in favor 'of a sound currency,
accomplish; thevdesired result. -1 k for
that reason that in bis first essay entitled
M Remedy No lhe pointed -out the
Pennsylvania Bankxijf the If nited Stater as
the only; in'strume'nt which can be employ
ed wiih'fenctThaTftieExe
ernmeut and the Globe are. too deeply com
mitted against JJiddtVs Bank,";.tQ Jisien
to this suggestion, he is 5cllaware ; bat
hetterahings are tbbe fioped-lrom: Con
gress, which will hardly risk the danger of
a permanent 'consiituional currency" of
rags, w'len one-ol redeemable paper and
Next Yoaic, July Cl.TJ
The arrival of the Ilavxa J and Ports. .
monCi packet ahips gives us newt from
Pans, to the iieihl nd from London to
tne 14th tilt. nvhen the.newa of our-ana- -
" -'"'jiusiiwi auu mo ,ak
Rgr of Congress, and the New Y or kT le
galizatioa -r act I- cf the "aiianenrionvltrcTe
well known ia th&V jrect csiula of the
wqna. - rrl ;. - . . ' s. . -
The worst being knownf the icimtioa
was not near so great as was anticioated.
The Journal da Dtbals, and the " London :
courier, wnote manors iiave beea;,infA
mericavand know; something of our, poli
tics, and much orrurj character,- reason
correctly, and-infer that the American mer-'
chaau will pay heir debta now that they
can. x ne XfOntHra 1 aes.T the Cmrrn
Globe, and the Macclesfield Conner, and
other jourhalsthink that onrl tnerchanu
intend to follow the advice of tb Wash
ington Globe, and a high functionary in
Waahingtonj to swindle and to kob, - and
are, therefore in a rage t f Anon they : will
learn better, j American merchants ate not
swindlers nor robbers," even though the
Government 'organ advises them to be, and
will pay their debtsand are paying tlieai
daily, even though it tikes all the property
they have inj the world : and anon all the
European journalists will learn the differ
ence between the advice oroorrupt politi
cians, and thepraxficacr libnest mer
chants, j . .- ' 4 ' ', -
The political news from Europe , un
important, eiceat that on ttto Itih ntt. the
King of ' England was dangerousjj ilf of
tfie same diseaie of which George the
Fourlh died. The fetes Verfsillei and
in Paiis in honor of the late marriage have
beervexceedingty brilliant. Franca seems
to be about quieting its war in Africa by a
treaty. - ,
The House of Welles & Co. of Paris,
well known to all. our merchants, and to
all American trader has not failed. The
Bank of France carries it aafely through
the storm. Velles is a Bosionian, and
gives brilliant soirees and grand ; dinners,
famous even in Paris. - 1
The Whigs, of Mr. Jarvia'a distric
(Maine,) the easternmost end of the; eaat
ernmost State, hayo carried the district by
a coup de mam. The Whig member elect
is Joseph G. Notes, and by 500 majority
exhibiting a1 gain, since the laie.trial in this
district, of 11300 votes and over ! "This
means , aometnmg ; out mat 1 am many
thunder we aent on the other day 1 see, is
consist f public StOe
now existing no such
Federnl Govern'uent.
would be obliged to hecome ihi
iii'iinnonla a a i'lio 11 j ii b i I t h o Mrirlliprn ai.
i f bHtl 1 lies h id dune. The $fmple faci tliat there
m Mm i is noi now a
ces?ary to make lout -fillhs of theVMillt;N
ks, ai ! as Ithere iarei .nouui inScirculalion. is conclusive proof
locks issued bvifcl Uf. what tiWsert. ! fi s true ihat Dobbs &
those, of- lh 4Stalet fK ai,d (he other borrowers, at the end of
would have to bo substituted, or Orinirss 11x1' t da vs.iiflhev could not t?et their notes
i . i i' ' m -. - j - . - v m
me ihe !hef fc-f fenewed. ould liaveito pay hack in coin,
prietor of the hankbi Treating .a;4H I the suiusihey borrowed, which thev would
the purpose. 1 will hot rtop toil exUmiii
the constiintionality o( a Government bafikk I wouid Iiave to leiid it! awair'i to somebodv
or me
machine
cause I want to ctne. (o the 'main opi
once.
form
stance
much more terrific in Waahtngton.
Mr Websterjs iir Utica on bit way
homeWard.f In .Western New York he
was . received with the most1 eathu Pl
astic : demonstrations of public approbS'
tion. '-v :--'vr:TTf! -
'Notwithstanding the shock in London
of American credit, the Monster's bonds
sold, 13th June, at 931 to 91l. When the
otn can be securedby a little sacrifice of cotton operations in New Orleans 3re
known in London, they will stand better
than ever. The stock of the bank is to
day in this city 15$ per cent, above
party, pride.
June 17, 1837.
AN EXAMINER.
1 writer in the Globe of the 3d of June
under the signature of An Observer,"
asseits that the amount of the loans and
discounts of the Pennsylvania Bank of the of lhe Tammany Loco-Focoa here, and
To-day they are 'jumping
a' -m
par. lion t this break your neart dir.
Globe T
The Globe's endowment of the Tall-
madge letter has dashed all the high hopes
United States, on the 1st of May last, was hereabou'.
$63,552 952.
aiutmuiiaiiiy vjotc miir ni, , would ;uave; to ieiio;it! again 10 souieoouy
expediency of Treating sji laicaj Jse who -ivViul 1 go lijrough ihe . same pro
u of immense !puniary porrj Lef fcesVthe effect o! which would be to keep
i.
T 1 1 ' I 1. H
l win suppose; sucu a nanK, j n
eid iri any lher riiannerj stichj jrorlmi
ei, as the bank projected last jyep,irl
iyl'St jlipvtcifeulalitSnl of specie beiween
it oiiej bank and the brokers bui nowhere el
the
Ise.
M
become
Y BUSINESS has become so Inoch exl slicka mIg.hrt suggest In. such a .case, it is Stiles: before it could nmence operitjolis
But it is clear that pobauk could he con
it zif itril K nviilit tKtii it i 1 1 l nnnfinii ifa
l - P . . t I . il: l , L 1JUL.LCU ' IV I III ll kllOl DI1UUIU VVtlUllU I
New York. Upon the Security OI real ! estgte ( A,n, trtlibi amrtiml nf il sopi-ir nanital.
io i)6 orgsiuzeo, ina icaay.MO transact
business in nine mopths from September
next, allowing the same time that wasjiotind
necsssarv by the last! bank bf the 1 United
From the National Intelligencer.
EDITORS' CORRESPOJSTDEJSfCB.
New Ycrc, Jolt 22.
Stocks have not varied. The rates of
exchange ou Europe are about the same.
Specie is not in so great a demand as it was.
Many strangers begin to come into the city,
to make their purchase for the autumn.
The Globe is turning, and twisting, and
. tended, and the amount of arrearages has '?ery manifestly lo be seen whatlclasses of ft may be established in Pbiladelpliiolfc
ae so great that I mast settle. Itwill bo persons would be most injured, riamety, the New York, or Washington ity, and ofsy
neatest io justice to require ce to tjpavel U ignorant and illiterate, who, not being as have at its head and in its riirectiok'.ikiuK
1 tlrJrt a -e lo .ge 89 fte,r intelligent neighbors ,he best financial skill. What cout l rtt d6
who owe me will I p ,u a(T...- .i." , . I ... 1. . . . , 1 J ! k
hv r;m!ttinD-" ni -u- wclwcc" u" ruc towards compelling he eight hundred and
whh$ ?nd the, fa,se measure, would be cheated 4rijtwcnt-tli?ei SUu Tbinks to Iresume ie
the greatest
r ihft rnnntrr for 1 this DurDOSSw
hdped, therefore, , that those who owe me will
save me trouble and expense
does through the Post Office
delay.
j way 6, 1837.
II. c. joNes.
.-ir.
imposed upon every time they bought or
sold That the officers of Govern ment,and
the thousands of persons who live upon fixed
salaries in Us employ, should all be in favor
Of heincr naid in rneciA i nntur! unnnnh
TOE timeof holdifimposed :,tf(oriat Tuey would jikQ to haVe their clolb mea i currency of the country than what ii
Editorial Conventioii
payments? Not one jingle thing; and
1 will undertake to prove. . - .
It has never been pretended that th
. Cbneenfton in this Cny, hw oeenchaoged from sured by the metallic vardstick. and thev' ferred upon it by the
. the 1st Monday in September, to' Wednesday, T , i luo url5',lc v.rasuca, ana tney
tbefirstdayofiSovembernext. Thisaltlratii prpbably would not care if the officers of jnd hatit may fair!
r
eral Government has! anv control over the
con-.
this
Nr. V ,i
ineo
baa been made because of In the inability M sev
eral of oor bret hern to attend in September, ow-
JTA communication in
the bower 'to coin money
y exercisein the receipt
St disbursement of its revenue.1 It cannot plo-
. i--' ,' : I bibitlhe Stales from ihcorpoiating bankisiiiidr
i .' m i-iiiiiiii ii ii ii-hiiiiii w aa m iriH ar m iiai -- -' v r - i ; n i . ;
ioff to previous indispensable engagements! No ,1 . : "ZZ V7i n U? impose any restrictions upon tWlexf!
r ralttab e results can spring- fromaa'a-ineetie ." a"" 71? tent of their issues. 4 Its pdwerSlberifor
Is. .. . . r P. .-..-.L. . . . 2 r Irrnund. Ihe writer . m -rpurnr ilrt I . ..; . - . -.-r i k L .
u cniess me wuoie rrest oitne oiaie oe represep- -L - . - . 7 -r.r-j- t, is a limited power;' and 11 a national joanit
' - . a'- a-! lIafttAk VM Ml ll a ahMaa.ll. Ma. a. Ja La I . - ' V I- it' I 1 i t l
?r tvd, and the postponement oi it, it is nopeu, win i ow fuMu, i, pajiucuia uuuau; uiuo uj
1 tare the effect
en part of tkose
and thalUhe bank in question, by the loan
of its first ten millions, could acquire nd
pdwertPv coerce' other batiks to resume
specie payments! Its whole power would
be limited to the borrowers of that sum,
and coull be exertedj no further than to
draw irf the sum it had loaned out ; and it
might een be questionable -whether in
IUUCI IIHC IIICSC. 1V0 wmu us "tout . . , e . , ,
inch certain knoWl.dge of ihe solvency of 8''. mother of emp.res, uigh ; h,w
6orWweis ,oold enure to the b.nk the pok.o l monlhs; Pennsjl.an.i, the ke,-
punctual irenavroent of the ten millions.
Jim Crow," and they will turn about,
and w wheel ' about,'' till the Globe tetls
them what to 6e about
Quarter to 4 o1 clock The St.-James, -
the London packet ship of the. 20th is res
graphed below, and we have been expect
ing the files of papers by her for some nine.
She will give ut more commercial newi of
importance, and the stave of the bealu of
the King.
P. S. The Kimo oy Bsolind pied
on the 20th, This is therumorfby the
news-boat men, in airprobability correcf-
rs and get
is now, 1 see, coming out against the metal- i have not time to read the pape
lie humbng, and is for banks, bank dem- mjs iller mailed in season.
ocrats,' 'bank barons.' and bank robbers.'
mmanif ie bMrd. I mid . hoi th nth. QUERIES. The following queries are
er day that Tammany never speaks in vain, addressed by the Alexandria Gazette to ifce
Nor would the mailer be mended by any
subsequent loans! In order to augment
its business the bank would be obliged to
convert its funded debt in' specie. - New
loans oa'discousi would be followed by a
new drain"of thi specie, and after conrert-
Tbe rag barons1 of Tammany are, after all, Washington Globe. They are, we iBspecti
the roonarens of the united states, vir-l . - . . . ,Lgn .j-.-,...
Hss the idea of establishing 'a new or
.mo Stat-. r,r var. and have snoken in I can at the seat of Government, the Madi-
biuiiv . j i I b ,v "
vain, but to Mr. Van Buren, a hint from I doniau been abannonear
- 1
t i
J
: t' :
!1 ! : "
J
I
Raleigh'N.
JOS. GALESI&. SON.
C. , ' - IV-:' V
The Distinguished Morse
- i
" ; . - - "w t land otnees could dol without a bankij Jo
",,'C. "DL"lJh????8U,,n: Remea, No.:IV. it W., cleail 3tof n
Has the introduction of Sir. Sandfordof
New York into the Globe establishment
been made to obviate the necessity of that
or a similar publication"
Have not the views cf the Globe within
the last two or three weeks, do some sub-
been modified? Is il expected tint
u st esiafnt editor of the Globe Will
4 W W ,aafiaa,a - .
i A ILL be exhibited at Statesville, on Moo-
V y ! day and Tuesday of August Court next.
jBMoj uut ana zwaa aays ot mat aiootn. ? .
. I WM. II. BOLT.
y 291837 4w
: vhatmode the oeoole of the several SutMlnrir':!
f . . --2. . . - , , , process, lu mo ici. or umiv iuuiiuus ui
mayxhoosetpdeal with each other wheth- dollars per annum, would have no more efr
- V lhrSh lh8 med.lutn of otd wigs,' or fect iri restoring specie payments in thd
?r?I.rienCy,1SJl.?0nC? ,PPeinl: ney transactiomt of tlie communitymbunt.1
IDS to themselves, and the States to which . .L , --u i.it
I . - r r , : ; i ing w vuo bdduii bubi oi nvo inousaou bmi!
iripv nrinnrv -
t This arrangement, it is said, was adop-l m bnckbats. Receibts lndroaT meats! in tl
ted in Philadelphia immediately after the year to the amount of thirty millions of dolj
suspension of specie payments, and, if uni- lars, sound f ' ears iinaccostomed :toIarge
yersally adopted.wo aid lead greatly towards sums as of eooroioud magnitude: toa ' Vet
a rextorauon. thero could be named six coaaerciil qObs-
the bricks and mortar of. Tammany is sig
nificant. When a few men in Wall street,
potent in Tammany are earnest, and when
they speak io Tammany, Jupiter omnipo
tent was not more powerful when be shook
TZZZttTV: "Hfarrrr r; bis ambrosial locks.' New Tork humbugs.
discounted notes and bills, il would not be b?t never permits herself to be humbugged, the Ii
able to keep a Single note out in circulation Massachusetts never Jiumbugs, or is W jects
.- 1 O . . - ..... Z. J J naaa. fiumhllirt hilt ! l&B ll
w.th.th.lexcept.on ofthe count.r.ct th. n.tnr.l prl...t, U H p
; .J-.i i of leading Slates, which- lit. Van Bareo w.s it known at Washington, that Mr
Lt -t T.tl- v.m.:..a . m.-iA well understands. - Rives. Mr. Tallmadee, and plbers. were be
i-'juuie - ivuiici , vuau ; a ibuuiwgui, hiu , i ; - - i . . - . , e .t,
rca tne nearest spot wneretneir reaemp Be.e,fcneir,Ia the history of all noli- c"""H
lirfnoreimoortant movements than have -OT.c,H,"Ctt: r?! " " I. ' j....'
h, eoihsonio'tbe State of New York pedient to ni u to ?
for three weeks past Tbey affect the des-1 jf the Globe relarses intpjhe aims of,
tiny of this whole country lor years. Lv- u. ajjny Regency Bank party, trui noviis t
ert man snooio waicn mo ocwiis wnu "ttfatore Course give gica. fwuw
V . . a. a a - a) a.I . aw. ft ST 1 . J I 1 4
keenest eye. -Thank Uod" t and l wrue ui r;iend of Mr. Uenton ana sai. jveauaw
with the devotion oi my wnoie soui,;tne
rrhiteeu of ruin' no looser reisn. Satan
tl
in specie could' be .demanded- Two
cvnencietof different valuta cannot circu
late atlthe same timer and - to alieiapt it
vpuld be "rank folly ,f- . ; - . .r-' t
- iBut there is a most important subject
which presents itself at this suge , of the
argumentlThe Tloans of this ; newbank,
wsuld be most probably tn addition to all
the existing bapk Joans, and,in such event,
would afford facilities for new speculations
aati enterprises, which would not fail to
hive a most pernicious effect, and to post
pone still further the general resumption
and hi idols are tumbled down. A new
rirn. new men. new times, are to spring op.
The Goths mar prepare to quit the Capital.
The Canitoline Uill is to be trodden by otb-
ei menj aod tbe way ol the crimiD&is is
if it sttemots to steer a middle course St
please tbe Bank party and the no-Bank par
tv. will it not realize the fate of the man
a ' a .. "
between two stows!
-We should be glad to see these queetioas
answered with Uuth arid sincerity.
of. specie paymeQls;, The State banks, downward or er the Tarpeiaa rodu
s:V
ii
o
t
(0
(o
-
U-
. -
V ! t I
''Ml
"iri
"i '.
mv
:vt!
' .
;4
IS.