Newspapers / Carolina Watchman (Salisbury, N.C.) / April 14, 1838, edition 1 / Page 2
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, : .-.V ;. - V, i ..f.f 7 si a. - M 3 .lie-.-: S1' ,i 4 I 1 '-'! : ' IB si. 111! ! i 1 I :' i ': JliUR&SQF MR CULHOUN, jj-.: 6o lJjeDrossmiit of Mr Wright bill, s fed by Ihcj motion mbbwt -V'qiiike P" the specie :scclion.;-;f : v o'clockj igbt)nd fatigu odMfx!iuf ; led as Senate roust beefier jsiUjng ten hours, he Iwss compelled tojotfndej bmjsejjf. " on theiri bsiience.Jr The qn0Uon: wt; on lho engrossment of the bijl ; snd s.rje was He and felt cbuld nbf possibly vote for it in tbpv shap idn hia Treasons : hut he would do, it ip the -most anxious to tote ibr tneLroeaurpv iinff take. the deepest interest in it; an f a - most solicitous fof its succ thougUtilhtt the bill. arameWerf.Ujiced t tirb creat cause for which be bad ; been iso earneailfjcbntendjog. ne : jbch;, rip voijd :! J... ,.. ' Rtit'itfK : not hi. im essiqd.ShOa the fonlrrjrhe believed that Hi an entire surrender of the cause. He wVuld! iinitnni and wnnld leave the cause in. a unrcn rnnHihnn than it W8S. SofaT frPpt 8 ' divorce; from the bank and! a;Muirn !tji fbe 'cohsliiutiona! curfencV.tbe bilfe $kU stckid, wodRvixibally restore thef depbsjtefcink f sistefp again, with some fetturs mote ob- ll liirh fce would Ofoceed to show. ? I L 6 q ft il nbt i on ! of t he Senator from Geort eia. dir Cuthberh theSd section of iwhleb juorides! for the ,cUleciion)Mof itbe dff of i he G(Wrn mpnt iif peciei was sUuck butV witirihe aid of a few on this sideTand Itbe eu tirei ODfiibsit iott !to the diforce f bn! the plh 4irr. Tbt Section provided lotitle 1 'repeal in ihe Jointi resolution! of 18 1 6 v bich T au- JthONsbi j thel i eceipt oil hank notes las I Iraahi in the5 does of be boblic. The eflVcti of hemseltes ap, aaam cow pel in I - whith of course iWuIU, Gatelrnment. in sncbj att i r ihiribsia i worse coadilion - K. tbaa them JotriN lbei3ia "per inlb tbasjra- iiera, auia n?uu?r i uiuir vu.waieaj mini aanrrer Cn4 stent, to P3j iu oeu..worinie5i..B? i. wiaiAigd itteniioiiM ih D.iieot wudii be' ts own great discredit ind' theI rco ins dapgtfr il, own dncreditors. or not pa? tnm ai.;arf cooirart we stand fsi 'oo-uar nriabiDles! Nnr tvnnlH it fini!ilei anv.more than 1 apd orofessjoos. and safftsr tlie bill h lost ra-4 the present instance, to collect jis cents iu ine jegai . cvrrepcj 1 01 ,uo umj4 y r ti and ailterwould as cjertainlf f disapeaaJ completely frbmcirc ntmn of ih!9 bin: a it did under, ine sya pm nf tiartk dpiMMiieJ: that ciisietlat! tne lime of t&er-Iate aUfpnsion.:itU.:!U' ifl- Hot if it wTil haveinu effect m rendering ofl Ihe limitihW hankinff'l operations dljprofiasitcetlwnly ther ihao io yHd our pmicibtea.the public Uen ioftwM.bil;s more full v , ud pei feciif iavesti saletl and understood, aid the great causa we have 6 ooDif supDorteu. wouianninv and ftio? . i . , .... -t :a . . t 4 . - t Ira- prtrjaredl., ihelrflurev to Ico :r atIiar 2 t f policy Oai tbe-iitbipci!orser.uunritire learn that against ! any uion lar t :ev ing lhatj they; will be competeoi, at 1 fhej JLiank Coavenlioij, 10 jriiett 001 Wedaesdajriafier nex tu namei-tnconjobcUori ivuh the yostatt Banks tbe caj for a. positive and -uoeqai vocal resdmp-- to this Ph11a4erpbia Uanks. tfit'i -S' Uie'ViibWi lof1rrsbnf.'1 iun.ntre learn !tfa our aoiesi iinaiiciers are dec fuitherexieosion id ibe! su- " t I ! " Sachis-thflrsittiatlan t( mnnnv affairs hers. fioulj'rioinht11 Lei'btbela doh as the? ma? L' jibe -fery Confasloa; and crUis cause ekctteinedt asked, will iiilifferl figro the late, deposite nvstem under the ;actsof '36 which this bill is intended to supersede t Tfierie b he' would.mlintain hia pWuioo. and stand where be stood in 184, and ever aioce f H could not be driven from it w boo o bers came to - it, t and now btl could inof be drawn from by their depart tirjtT.i . f 1 stand alone bad nu terrors to btci; it was to1bimiJO:nnusuaI;;'."j "r:':-iE-- tlie distribution ofle prbfiisTromithe o05ites-and even tnavuiuerencel ne show, is more apprent than TeL tbo and We have already declared, opposed as' we jand sgitatum; i .' From the Richmond Whig fr. MfJ: Vad Daren has Ibeenf in office? R tile roof e than- twelve months, and the Treasury is bank lupt. a he , immense revenoes are tnataqaate to t. r uKXTRACTS Frcpfllrs fyehs UPs second Sj t i :'--:Mr President, on theeubject -of -fthf :ower of Octrees, as well as nnjolher imporianitopiP connected with the bill, the.henofaite "fe-Ttole man from Soaih Caridlna has advanced tpltuuns, ol which 1 feel bound to tike some nolice" 1 f That honorable centleroan J 10 hi recent apeech, attempted ti exhibit a ;ccntrast b twt-en tbeeoarse of cendact which 1, aad uthet gen tlemen ivho act with me j at prrseni pursife, and that which we bereiofureLfolloved.; ' ,In rrfsen- tinsr this coni rast,he safid,. he tin tenoV I not h- iHjf personal his only object at tTust.--flAi this I could not object j the (ccasion 3qies, sir, that I 6hon)dnowXHmine -jb piniri and lean trttlv 68T. with him, that I meanjltljing Derdnallv iHiarious. and that 9 . ever hate been to that and Natiooat bBaokv were the alternatives presented Xo ' us. we ojigedjtbl;:choose betWeh:;f the Ibde pendebtHTreasury scbemel and a National as under! tbe act of f36, -the profits ol the we caustch noiita laccrnesilmbst excluaivelf tothero.! tweeblthatli They discount bi &emr ahd tssiejlhe fjotesl not hesitate openlj and boldly to br!raw IsDeeie fdr'iKeiD.: tnd.,tlUs!-4Daea8e; I Toll: SiiBrDepcite''plibV' if it shall can be but cne point bffid iffcrence, viz. J 10 UP" would Where 1 Bahkwe should not I002 hesitate in giving revenue is deposited witn ceitain oaous, a deemed preierence to me: latter. ctedJ bv .lie SecreUry f tle Treasury, S;1riih the Special I Depbsite scheme: If .! as under! tbeact of F36, the proms .01 ine 1 we must cnoose at any time herealler, be iiBUDDii iaua, wo, subii advocate meeirine oromarv expense oii uuvernmeni in iimejofj profound peace. "The fdorh ibatajltnebt under liitribatKtn j Act, to. the amount of nine millions', oled'ed to the Stales, has been Iwuh their business and profit, without .incur aW additional liabUttvt butlwherb ; the pbsites are made Jvrtih ill? txeculile bfficeri tne proms .wouia acnue, apparoun v banks generally, f He said apparently!. tng de lbe for ever be aitenipted, will operate aa erroneous ly upon the people, the country and its bti sibessl ia the original Sou- fjrelsuiy scjeinW' It will eslablisb oue cbirency itbi tbe jGq- vernment and another for the people.; lit it would dependMwbollr on the officers fhol-1 will, lit its practical: operations, throwi dis- ding tb4)epojitesi: '1'hey -can .all pleasure, cijedioh stthankiog instutibns otlie give the profit to what banks they ple3$e.bv coutitW r ahtj f eventually, after tbe! caunuy qolding bacs tnei noiea;oi .one uana oij 51s-- oas been iiarrassed, torment., ana yexea up bursing the notes! olf; anotber.and thus jkeepr derj tijp v aious Ixperiroents jtpat will Jbe rje ing the noiesof fopefiiUti of ctru1lion;anid sbrtedi ton tbe! bo throwing the olberlibtp..arcIaiOo;Ui fail al i Tbe sch. me is conqentn- disbursements, to relurn on the bank3 issu-H ed by all men Dogaesscd of extensivb prac- ing thera The jeqts of this wpuldb experience in :fi nance apU!-ha&ng oia onAall th Ornfii: thnt ' it Ciillld derive l !;ThprA''U'ji' rirtirnlniiA hurdti in I nrt.' .itrrenue.aod fh4ke its disbufseroenia- foiu being a d e posit e bank, apiPstripping fjinff i in onfeisbipe incf id- line wiir lip. timiimine Dili Dass in ; us stjnt lahape,! 1116 fjovf rnmentf wjj jcojlct !uVlv in hank notrs. as it did i when I he- 'I - . . . i - :-- ore thejsbspensibn lobklplacej in (May fast, .'jjiiogs f ill Und precisely asjitj did -.tfieu, uith bu( a single exception, i?ai tfte.puoiic fleposite8 will be made with4ek bfii-ers of the fjpvlerotnent, instead of the banki, un der the I provision of the jdepii.actj o 1 836i r-iTbus far is certain . All aree tha t I such jwriulld be tbe fact; and j suchj the jef . 1 feet 6i the passage of this bil;l as li stands. Now! he intended to show conclusively Jth at the difference between depositing ! the piib- lc money with f the putlic oGceis, for With the banks themselves, was merelv flora- inkirlas t as theoperation aiU Iprofits lolj i. t - ft ! ' r 1 1 m Ithe banks were concerned ; tnat thov would the others aj most ennrely of the; adva.atigft J vpcating )j in oi navmg ua notes receivea in ae uu vi i lead ta yie sa --r .-, A or f s T ! i tes- issoe be instead the sjfS not make one cent less , profit, single dollar 'less, tf the deposi by the officers of the Government of themselves ; and of course, that tern would be equally subject to expansions and coptr actions and equally exposed ta nat4?rropbea like the present, m thtj one-as the Qiher mode of, kecpibg; ! He f poke of panic proms ana tianic issuhs i general i), as the Government; j fTpko for lpitancPi two; banks, in a place where the average public dvposites were iil million of dollars! is -it ; notclear, if the Executive o0icei would make it a rule 16 disburse the botes, df one bank, abd hold 1 balckj Unose ofltbe, bther. it would operate in lact, a stanuing ipau io ibat amount to the favored banks? i : The revolt is, thai in either case the distriba- ion of the niofit fusultin? from the bublicldepos ; ites would depend! on the Execative bepahment, Wbehler made with the Executive 'offieersJor in deposi;i e paniks1 uide the: act bf 1836 -tlie Ex eeutiveln one case Would have "the selection i( the banks! and tnt the other the coniiol over the .another, when both inevitably me results. held J jahd leb millions of Treasury Nbteis have been isaaedp to supply the deficieuey. f I Bnt all tnts is not sufficient .10 meet I the; pressing wants of a 'wasteful and profligate a Jmmjsira tion.f vAnother issue of 10 miihunr cfiTttasary Notes is demanded by tbe Premier in the House of Representatives, to enable the Government to I.-4.J -fliii.Sr- -.1, !(.' ---. '. I : t !,..- v,i-.v, - 1 . I his! condition of the '- national , finances fur b ishes lood i; for refleciion lo the -people of the cduntr. Lit is a Itri king commentary on jbe Re trench mnt and Economy of an admin iatralion. which bameintd power under express pleJgea Jo reiorui oouses aau reireucu iuo lay isn .nn ; cqi ruptSsxpenditures of Mr Adauia administraVion Mr. Adahi expended never im'oreitbab 1$ i mil lions per annom'; Gen Jacksoil and Mr. Van: Bureo have squandered jo an average 30 million a year. , To this .simple , statement nethlbg can j. be added to : increase the conviction of the ex travagance and duplicity of the reigning: par- The subjoined letter from the "opy IP Wasbins ton ' gives some partlonlars of i inter est touching the proposed issue of ten additions millions of inconvertible Uoveroment rags IJiit Jhe paper of the ffoverament is noilto be received in , payment of dues to 'Government Is a new idea, and wortoy of its originator : Correspondence of the ( Courier & Enquirer 1 j. .uei.us j wdrn our ineuus apt lOipa.ue ceived. iNp one will; become .. tbe advocjite and supporter of the Special Dtp-wite scheme, (fxcept for t ho purpose of compto meltkhMcweUiation What can the Con servatives; bliii by that '? Noihmi r TJiby ! stteotiooar j,: iftlJ.J. --ui;-k 1 ..Kim tt-'-i-iJtJL and bankin co) firmly in power, who will not', fail to make! tiiej CbnseTvativeg their first victiaisJ f What can l tie Consei vatif e party desire more than jthey j now possess.? Tbe?bll anep pf power is b!ld by themnnd pattal lions are daily filling their r auks and etilst ins under their banner.' Never did a .par- than J vHtshington. March 24i 183&V? a:so, stop ; -hienlS'.ant! cc-.; . . occupying t,r: another. "and ; positions. to c, : Hold allies in ' (erity of all . , p&the rapidity i f the Kit?? of IV Var;- "JVesterua IPe battle to the Saxony, or Sil- to have; travort ' Cing the Russian llNOitherh front , place on the r: ; , quitted it. II"; L falling, bnc!;, whr surprising; fi!. lighting all tbe t. rliowever, the cpr. . ; fetter,v!diflVr those of the crc . jed, , I thi nk v, raiive of Frf ! r; 1 iwi a hii but I will'even say sotneihinjf more iIiJsWwj&ve and twetity yeii.j?. since I he came acquainted with the h.ooraVe Igeklleman, . . . - -- m lr-m ,v , 1 r. .1 n .: t v a in the. House of liepreseniaiivefSf m waiica n? bad hfld a spatl 1 think jabouff veil abd a; half ----?-,,-- T .4- V- " . i !.. before I entered it. i rota vZA nt-riod, sir, down to the vear 1824.1 can iwirh creatjsineerily . . ., .i i. - sji . , . I II .. . theie'waa not, among my politlcjil ;cpnlempjra- i taking a poi:ic . ries. ahy rcanlor whom entertained bpsttibn to -hoi j : resject. or warmer estf mr Vhen we, nrst met, we were both jroung mlo, i I eheldl ffa hlnfa generous character, a Iweial and co'iipi-ehensive mind,en?rossed by greJU objects, "disdnoished talent, and particularly great Qrigioafiiybd vi gor of thoushti: That fb was ttmhittops,; I did out doubt ; but thai iheo was any tnin in bis ambition low or sordid, iliy.thitigpprichmg to and; nine ot MUiee, I be session which UrmraaleHnIareh, 118334 AVith! 4. . S3 ' - i oor occasions oi ou-. inly for tbe lime, and,; em ueiore the neai public' -deposi tes bad wful, custody., by hef is exercisjot tne Jdx- my !" ttaubordinate officers I of his departmtai; w!ib this 1 ty.occiip a. more enviabb position KePi difference, that when the bank was seeded it.1 thai boWjinaintained by the Conservatives lb bur opinion, the true- policv of the Conservatives is to maintain their present a ; L . 4V i i . J .. ':.aJ .a l . Atiua iCHaiutui ii isti vultjou. vu aerieaiiiom tne peposiie pi. puotic mpner iion., idrrl.ir,ii; .ihin tiip , aggregif ,pronis .oa, : issu .osii uegr currency. 'pftWe -1cpuft.try ofG ban&. wilhout reference to the distribution I Rnmiro in ih mMir Ankm. nd iA tl of -1 ile Profits tinder tbeme Or tHe otber I of Executive natronaire.' he could Inot would, under the! act of 183G, be tinder con trol and protection of law. bdt the t.ificers .would oe CiMSDieieiv unoer me cunirui oi tine., uvu, w .i.i.. ,i .....u i. ...... - "U " f IffhCS WfteMMhUr the ton have the one, and if yon .defeat it jrou have UIUCI jconstitu- but - the without and reject- thb (bg all Ipropbsitioua, for comprpmitt ibat ma ISa madia.' J, . . :-,'.''. ! . ' . ! i ' ". " ir'ivmn . compromise jean bp, entered n(,o, Ibat niOne or Ktepmz ine puotic, money, n would show in a wnrd.th)t the bill would no mote divorce thpovepinejnt firnlhe tjh1m;:ih TeUiiori .to' 'femJptlsJ.piKa. wbudasjit bbwstood, as jtcj-receiVjing tlleir bides, and giving thfemcrcidit andjcirctilai lion es casn, in us t urs ana, atspurseraenis; vote' for the bill,' as amended. He was fv-opposed to all 'discretionary :. 'powers,' IrShihe "Executive branch !of the., GovferiMnent and this bill would Vive greater than an r that has erer nassftd. I li would! not nlv "erle-i the Lmr it'll whir.h K ha nlrfiAv WtipA iif? favor- mg wnaii bank' it jileasedi but lh cdttlrolliflg power oi oeuiauaiDir specie ai measure oi i ue arill tvtanlnt Ihn gallon of ihn rrin'ntrr.i If oversmeny compromise : Should be )ietded to, it iAlifiereaaa''l i ;f. b' -nf. 'i 2. ' .' .il' ''lr:r-i.2i possibly 1 rl Ar4 - lespecial mercy of the .Zocolocos ref? vVilpri9 pftiW.vfeakeh the Cboserjratives and place them in the hands, abd at tbe and that it would unite them as'.eiToctuallv executive, ot any bank it mmhi desire tb:oppress -4 ' . .' . ' i" i I- -) i . 'I- i; - -.-I,- I i . -i. i :j-.- lit---iC-iJj' -l .'ir-..! i. i..4.i f were; bet ore the Jlf adU onion. I yRom lie JVVw Forfc iferafd. lit - ' Al f W C V ,V1 A U 1 UI .1 .-!' i i i 1 -. h. S I J't Te esdat . Al arch 2Q 6 1 . You will have noticed, in the proceedings o Congress yesterday , that; Mr. Camberleng has reported a bill authorisiov a ; further ' issue Treasury H lNotest I send you a, sy boposis i that bill. It contains one feature well worihy youi and tbe attention of tbe eommercia & ! community. Those Treasury Dotes, amounting to ten millions of dollars are tp bear interest ;are redeemable.ai twelve, or eigh teen andi twenty four moathSy but are 'not re ceivable for public lands, revenue bonds or oth er does lo tbe Government. And why not ? i Why does tbe Government dlaonhor its own pi per ? There are two reasons.! Fintly. The dominant party; believe tnai certain tiihks are about to resume specie pay a ' , ;-i - .-. 4. '4. - . uieots. : i he object, avowedly, trom tbe oim menceme'nt. has been to ruin; ahd break down the Stale institUiioits. Il has been demonstrated,' by! actoal " eiperifiicnt, " that so long as the Usvernment will receive lis own rags, they can find no circulation among the people, and conse quently, they will be usfd only tor the payment of public dues, f By Government refusing to se cfve these Treasury notes in payment, mer? trbants a. id illers will be compelled to obtain specie fojr the payment of bund,' ' frc , and thus evjery papei dollar issued by a bank; redeemable inspeciH, will from necessity, be returned to that bank, and it is' hoped, by the adcninitlraiion pal ty, that they will thus compel the hanks- again tcj suspend specie payments, and by these i meats destroy all confidence In the banking insti !tima of the country. :'!i I ' J .! The second reason is a mere trick, unworthy jrennements, m i:. bf;war, are of i:: Mr. Presidnni, y oe allowed to c heir associatio!; P one doubts t'.. viser, thev tnav jand : ; more rorrc iBubjcrts It uc; jwCre any code v, jin public or pri ions once enter.:: ence and better their own convi charaeter. Nevi : rknowledgeditliat den, -as. well as r. ' produces a she , was shocked, v,i manual the last of the Admimsn . read this letter f short; space of a thro' such a ft: meats, ;dl trrcn a love of the mere Ioav did not then believe an a do Pof nbWb4eve4 If from that moment down) lo the time 1 have '' al ready meruioned, Idiffed - With j Mm on any great consttuttoual qnespri Ijd'i not know it. ;: But, in 1824, events Rgli kobwnto the Sen ate separated us and ifil separation Ireinained, wide and broad, until the -end of the. memorable the events of that sessiojc m '" a terence nad ceased ; ,ce S3 ; I sincerely hoped, fo! meeting of Congress, t been' removed from their President. Respecting t ecutive power, ibe honoratle gentletran an self entertained tbe same IbDioionr s audi in reH raid to subsedoent transact ion i ieoninected t with thati and erowing out of m (there was opt J so fatf aa i know, any difference r sentiment' between . t. i. j il 4L-.: j:2 us. vveiooKeo as so many nnconstituliooal r - r I . .. , ' h A : " f ' ' - . - We thought we saw, evew:,w hereL pilots ot a design; to extend Execatlvgauiborjty, not only inderogattoool the jusl pojpers: bt Congress, but to the dangerbf the public tibeilyj We aeted together, t.j check these de? gns, - and to arrest the march of Executive plrog;aiivje jand domm! ion. In all this, wp wereiut cioperating witp many other gentlemen,herttnd itb ia large and intelligent pofiibn of the vplcPuo(W-4 -:vf 4t' Tbe unfortunate resoUfMot jilw?$e i Jxecaitve loterierencos who me cuffeuc:.; iuar wbuo aii impression on the public lldrid.M Ai-J revluiitib ' .... . 4..- En'"L iL 'jLi- iji-r i - seemed. in progress, arm j-eopin werejCoujiiii' lran ef8 crQ j in ineir sirengiu , as we organ ut iiuo&, u sup Port' us and ;purDriuci0h.8. 11 -At 4 M .':.'':rl i In this stale ot things aiH wist;:berp al thsj eommencemeut of .the . Sllwibbf-i session : but we mei, not as wo uau UKuneji iTviuieiiiui s we had parted. of the President in efforts to giveHo the execqtive an an,f oetn Pcr 1 iooal control ovr;itn-e:'pl1MMnei9k ianH g Inn has done, amor j i I confess I feit itbis seemed a t movements of t! sona of politic:', tore.j . Several yesr: : pf Ebgland wrrt c tn ridicule that s l o - -jn' in.n t - ' T school 'of liter:' we The the d'jctrines of the oij May; the polie rat rPir ' tnf thraco UvprilA f MFagetof the piiiiC'pJes and opnuoj.kieb tue bonuiablif my j lnuoiip bepleraberl Alphetary afiirs are now in iheirjcrieiis. HThe Ptn resptc,t to both as they Iwerei before .t b stif l?nibn in May. " Atli'puglf fhe lssVri'6 knd abstaiding fronldemaodiog of those It.iuten elements, ih every part of the conn try, I from mtght excite some surpnsb at pst up -very : easy;,to.' inane plain every .-I13U sawi L ded to favor. I'o'vjprs foch la L i;Ms:ii :.i".:i.i i I as lncoppaiible wiib our free svsiem off jbovern ,X1 l 1 III All 1 I W I ill III 1 - - . . - t ..: j.: I . s I . word! he , ment, and; he for one could not consent! to confef 1- Ti profits which the banks the b'llliej deposi tcs J when Alieir own- notes wctjt? ,4iUpcted'a.nd; uepositelojl Ss'i'juy';ie the jease ;ifthe bill ' passed in J itsl pr$ert ifc.riflribfb from " the tbdravf jn of ipcr ! nptfs from circulation. '". WhlleHbeir bbte them. i f a i uu; ne naa oinei ana insuperable obieeuons. I - 4. ' I '. . . 1 . . ...'. ( : .. I : "i i . I derive Irom ;ln giving the wil pnganally bis sunporti be was MiV ! A 'IF I . j i ' j'Jur :-. :L I-lJJ Lmv4-rinrl hv a H4pn un vitinn lhi- ihfl tntal ! ao. paration of the j Governmenij'and the Jianks was indispensable. He firmly believed thai we bad reached a ;pinl wlfre the separation jwaa absi otel 'oecessar v; tp sa vel boin Government i an oanKS. i rie was uoOei a sttong impression that the banking sysieoi had reached a pudt of h de- crepitude--that great and important change's were necessary to save ;it and prevent! convul- arein deposite.they are a compleiely with df awn from circuhtion for tho tirhe, fas jf burnt.- or destroyed 'audi the' withdrawal majtesla'acuuu lo that esUpf it thec.r- 8"'d that the firsi, atep; iwas a perpetual ser vcuIkiw(V:-bjth; bfa?tti bfi Ifilied bShWw' S!1.0? lwe.liim.d l 1? x disccrtinlSjj a.d)f course, increased business and p''f nibisjwM cettaip banks as under the deposite act pf 3q if in, thejbands of the Receivers geiier al,and bthtl Executive bfficjers,; "as Apropos ed !byhis "lilfcTbp profit j depended, in nbjdrgree, bnHhe :.iati:w"hife(liejr; botes! vwejre deposited; but on the 8mountV witt3 draw nj.attd the length of time; they fwere kcjitrfut bf virculatioo The larger amount withdrawn and the longer 1 kept f ont, th BoStoh- we jhlaVe inteljigenee thai lhetrj ank; willfrbeet -pgti banks; in the .Convention tp bpjheld oajednesdaytbe j(lih- of Apfilandtwiljl ftpfb; be ready; to agree to a positive and distinci day; for the resumption of specie pay me his. At ew Qrleans similar preparations are maturing to recover ponfidence, and to-bring about an early resurnption.Vi;; : . " ;' - , .. I "j! . ; ': .Vet. these coupled with the coorse of ii vents in Washington and Philadelphia, have produc ed so' much agitatioQ as to cause a fall in ! fancy stocki, wbilp we perceive an evident revival in general business, i Phemx Bank fell to day in the itreet, although at the Board, no sales were recorded at the first meeting. i.This hnwever, is ajeoliiary eveni, growing oqt,pf .Bpecialaus es. 1 Though stocks atid ' speculative business" feel jdepressed, under tbe agitation fairs,; the real business of the city; the products of the country, is rspid lrom the stagnation of winter. The -Ess trade, the shipping business, the cotton, naval stores, &nd other Tines, are rising into momen tum every: dayj The dry goods jbosiness. is, however, much , depressed, but this! arises from the action pi the southern banks in 4heirottpp marketl the derangement ot the exchapges pib puced py that action and tbe general mrsman dignified legislation.. f he object is to eive ah artificial or nominal raloe in the market.to those Treasury notes now in circulation, on the sop crentleman both to my suiflrise and regrefjcame forward thenMo 'jsuppofiti rendered it quiielmpWible for .us m aHt ft jgi hejr, for : S single moment longer, lthe leajcijig doctrinei ..f thatM.(iiiiirB. and fTi im- ly .lic uliith it ' re t -"- r-L y 4 r:r - -n ii. . -i.- cummended, 1 felt, andil pill leel a. peep, -eoiij I play seientious, ana irrewiiciE we opposiuon. x nf honorable gentleman both Here, tli wwir a i : i I vniie tuey r the iff re and' ! ia yt five "mini;, exclaims to the ( strikes roe ! Lt t shijiP ; This sfiecti; cepted, and the changeable si d long ihis.eren.. 1 what mapjner h in knnic. rl i:V -lif snu i 5111 irr ta ui'i a.'-sj t ' j irreconciijile: oppjfiiiop. Tbjp I But it serr. ; : man8.;pped;andstiMsupp)rj able mem tier i. e,i. we drt. anJUieae qpe meiilalily k goc : J ions of constitutional op and piiy and on Ipf the Gefinan it . - .i.tiJL . e 2 tii j-.-! f ---j .t.4.Lj '. i i L.ni j -LL.i J .tL have In eti in i position that nd others will be issued receivable fe wvTua Ta Ka aI 1 h onb nei t bTthe G .ernment inpayment of dues. Let;it tPafwhlch dmds u84fdL 69 W 7?;?! 'f be remeiiioered, pay i however, tbat Mr., Cambre d'r,!'0Vu.,0"ch!n.fT! ihot tepgs second lreasury note bin has not yet passed . -J . :!.. J! i A . M - --' ! There is another feature in this bill, not on worbyotice. 'By the 3rd section, the Secreta ry of the Trfcasury,, without limitation orf re striclionji. authorise 41 'with I the consent c.f the president, to sell ar d dispose of these notes in such manner and on such terms as he may deem expedient, oan you imagine a more Convenient meana of rewarding partizans ? " AUl ; SYNOPSIS. A Bill to authorize the: issuing of Treasury notes oi me uovernmeni, inarconsioeriog tne urn i gainst toe pro life to which we both probable that we are to L ? . ft JP .. J ' , )ve arrived,: 11 at araini I It is not lay this ie r, and more r otifly, against t jwitb unfeigned and deellfrezreO Beljeve me. ? f.r K,mn ,L, lir, I would most gladly ttt with the bonoraole !l Adm, n ' gentleman. If nVwoaM cornel back, now, c honprab. to what I consider his foL-ier principles and sen- liments t if he would siitutional doctrines j wi not only as an r AVle-thourht v. : 5 wsy- The P in monev af founded on i - ' y-em frgog l India But! here could be in hft opinion no se para lion uo divorcP without collect trig the peblic dues in the legal and cunstitutiional correny) oft tbe country, f Wiihbutthai all Would prove a per feel uelosion, as? inU bill'would prove) should j il pss. " . VVe li vl no oonstiiotioBal ri jhl i to ireal tbe notes u! uiiera private corporation as cash ; and li Pdidniuihing would be dope If Tbesesvlewsabd baby others similar fie; bad openly expressed, in the great body Pf the gen tlemen round him bad ' concurred. jVVe stand opeolv pledged to them before the coontrT . and ine woria. ive nia lougbt tbe battle mantaiiy gpea v? yBais1P au 1000, noiyei re- hee 1. The president )n authorised to cause 9 be issued, soeb sum as the .exigencies of the- government may Ireqaire, not excetding ten e J and successfully;! .The cause was good i aod hav- i covered from greattl the 'business and profits of the I 'g 8Ud the first shock, nothing wasj neccesafy baKM';Nor.cab the issues tkceedii the Mi occasion ie sum s . r v. - .a. . ' ' i neptNfy1 to mi the vacuum i the r ppsitorieSfwhether they 1 be I made 1 wttl ttiubanks themselvesJorlthb officers : oiAUoternmenu. When trie vacuum ocra- ; siont d by the withdrawal ta filled, whatever ejtcetds that inust return on the banks.wttb- '.tl. out rird to tbe olacaof deblikitk and cbcct f ATtherissne? ItH follows Icleaily "w u iuai ue nao sa a anp onpby vptmg ;r ,a ..lior loeiDtii aa u now8toodaraertded5 andtoter- but firmness; standing fast on oor position to en sure victory -fr great and glorious: ylctory i in a nable cause, which was calculated I to effect a mora imporunt reformat ioq in the ;condiiion of society than any in ourlfme. He, fof one, could not agree to terminate all those mighty 'effort at ibis and the .extra aesaioo, by returning: to a complete auu periect reuuien with the banks i in We ha ve not seen tor months nasi, i so mueh exdtement in the high financial -circieslbnt it lis the excitement t recovery not oil depression.! ; The Sub-Treasury bill, as passed io the Se nate, and the refusal Pf the Phildelphia Banks great the worst and taost dangerous iform! He would frpm jafl ihis, that the depbsite o Tid fun us, if collected ;to resume with ours, stilt contmue-j to uiiw ra vi9wuoivu 7 ! 1 .A ; .- , l Oi the modified Sob-Treasury bill, no dine can form a' decisive' upintoa. It vartea with the hour. I Fur her intelligence from Washington rmusi be received before a positive Ppiaionl can be 1 --- t i t ti i-i s . . .. ." m, ..if. .. ,v up. 1 AJne thing is however, certain ine i ' J U- ,1,4. t.:?l .. J. nrouyN.'' ui iuo unr as 1, now uninriiiniitn 1 1. j: i i .i.i .1 r-. ., - ; r , -' , ; : ij uippuiuuu, 1a wn ne naa reason 10 appre- r i it l3f fl'18 amended) the cqsioy,6fithe bend fmld be ,the result to hav4 all ouef---C t oubUc clBcrs. would not in the least affcet forts abd labor th ro'vh awav.aod thk hnrM.; nf fJMantajiud the business of iliA KaAlra lhecobntrv diamnniniAitH'Alt mm .itL: -i- I ' .V. - -, I j , T -"44. . 1 . . - j ' 1 1 : ' "I . 4..i.v .4-M. iwrn . TheyUvTouId bft SS great as if ; deposited J 00, he expressed himself tod i strongly Jr! Be with ti lianas ana wouiu aeen tim 1 ' wuai rn"ji ui-scassion woaia tlnn iif hank notes as mulh xnideHJ, r8100 LiShl hd g.nel abroad. VfThe .Luti- .r.m flt..Jr:i.-iL.t.i. mind had-beep roused, fori the first time, ahd di n,. J - - , ' . .i, . . r -. TT ' recteiS io this great subject. Tbe intelligeace of ThfM orooositions he held to be inrnhtm. I .u i ,li r j ertible. 4 He would bp gjladj to ear any cnem per rise in. ms place and. attempt to an- Pwpu.ioieif-Treasnry.i be j si paf tide on independent" of lhebanks, than under the tieposito system peiof the , suspension ' pf specie payments. I op revenue, as a hadisaid,wouId be aollected tinder tbjs bill Should it pass, as it ws ijhpii. !exrisivieljr iri bailie Irofesf which im apwher spspc.nsion T c . ' . 4,i' - - . m iwouiojbd jt:sCes w ort hi essoin tne j napds ot millions of dollars. See. 2 The treasury notes authorised! to be is sued, shall be redeemable, one third in twelve months one third in eighteen months ; and pne third in two years from- their dates; to bear intr pst not exceeding six "per , pent, payable at the treasury ; to tbe lolders on presentation. . Foi tbe redeuiption of tlieso notes, the amount due tin bond, by the U. a Baak of, Pennsylvania, s . i . a .j j;i l i m . w . i .mi ana ironi ine aeposue oanns ana ine laun oi U. b. are solemnly, pledged;. himself ,pa those con h i he: baa sustained I m ' m I' l (s; 1 i It lit' ' ' ! throogba long series pf :ir8;and tl, thus stand-1; io our uppnrt restore the prosperity ofie couotryiand pot an election weakt end to the mischiefs of ttcklessexDem , oant?eroo invocauon.--&i wouu . doi orit wii- i- i;n4i .M .ji.'ir. uim ;r8-rnniA i.im . k were : i lo j mm vu aa imw a vuita ' iMHibi ;miiu f I would ' follow him,p would support' bim 1 would back him, at efry step, to the utmost of my power ana aoiiiir 3 3ucn 13 noi to oe our destiny. ThatdestiffJ is. that we hereoaTf; ana an 1 can say.iurtir is, inatne him the pame feelinMlof persona my pan, tbe same hearty good -will nereioicre inspired ne.i Jhff carries wiih kindness jon which have psidenti to baliior. of ibe president, may prescribe. Secretary 10 reporitp Congress ; next; sessip imuui aisposeo 01 ous. eta ; Sec. 4. Prescribes the manner in I which the oeo 3 1 bese n tes are to be pa.td to thsj pub-; ie creditors, or disposed; of in sucb' manner aa he Secretary, of the TreasiirvJ with the annn; . - - - r m The n!the thsv 4HaviniT had ol speak of Ntillificiyn anatHd NIifierJ, I beg leave to say, trial I l:jave. pot done so for any purpose ofcyeproacliij Certaihlvsir, . V. ! -r - i -i. J- ' - I It I- ! 1 HB A. m.n - Ll m m mm WM I . W f WW lilr mtm mm mm I V4AW n Mm WW W UBVUKk.E III . W.M ma W m m ursBl m. a I ill BIIBlH- : i r i iuisi5,auj ice ne couia not out leei deep- l ni?a-uKj wucj uo. receivea ine cowpi c M t..8 tiri....... . vl. ' 1 ! . .! L grotci :yuit.c, pjuujr uiaj . oe laonpiHU oj the Government, in the collection 4jf tbe reve nue, ii is ;certain: that ila"ffoanci laclioh ; wil not be separated from; thai of the hflank and redeemabjp Uurrency ir the prsehlXpill. as read a third time tP the Senate, should" be de feated, the Government will be thliown back np oo the law of 1836 which makes it 'obligatory io use ne otaie Dauas and; to receive their, cup rebcy, as soon as jthey resume specie payments: Aew daya will possibly terminate thiafstata of I m ine meai. ume u ta now shall hit nrpnsrnd. hv whiim airrniw! h.iur ihtk mn " -4 - 4VW..4, 44- 44. 4 4 WV L". .Uii?: ..I.. . 'iL.ii.i! . .i ' il . i ! . 1 counis are io oe aepi, auinorizes tne employ men ft Clerks. &c. I hipp 1 .;- n ;-:: i 'i; Sec 5. AuthorizKa the pavment of these Notes as lhe;. become die ,frc, . , ; J ; ' ::;; ecp ApproprSate five thousand dollars, in addition to any unexpended balance!, for defrayj ing the expenses bf issues &c. .. j j V 1 Sect 7. Prescribes the punishment for counter feiting. or altering said Noles. ' I j 5- ":'mJJ4-f' Q- 0....k- iik. 1 1. .-'i w. 1. mo puuiKiiiueai 101 mSKtOg paper,; or engravings plates. &e to print Notesfr' -.'4,v I Mi r-M!i:"-- ,1 - ;, . S-p."9. Ditepts the iSeereUrf tp 1 I see no possible tween tfieir pnnci support of this me must speak for jt have Intrusted the ard, for aught I knb' honorable member; and 1 perceived la ceive now, that in connexion bet weer ernment and the- d V- i h4ffieersiirw bos 1 cdstiody tbpy ;bight k. ini1d.ssthev would be to th6 banks the cduntrv is'everv where hnsv in exnlurtnir its depih i and intricactes, and would not : cease ' to i8' till all its Ubyrinth v Jwere traced. The need thai basheen abwn twill sprout and grow itpmatarity the revolution that has been begad will gP thrigti;bel? our rjdarse.i whati( may.) . . t i t:,.'-r-p4 v' 11'.. .'' C Jfiai,ernu K1 fejectfod of Cjihis 1 btlj would b to du hothicg, which, inf f his - opinion as infinitely preferable.- It would throw the responsibility tmm ibis on iheibpppiito;lda. XV U would thus have ddaeall we could, land if hothin be ddue, theirs would be tlie faults and thecouiTJ iry wouiu uolti ibem resppnsiblej Bat tol pawt this btil in its present Ibrm would Ibe to aasanm not paly the responsibility of acting, but of leay i tended spiie of ibe refusal of the Philadelpaia Id joluk bursi in f avorof a ! resumption I monthly the a mount issued 'and redeemed,' prohibits' any new - issue after the 8 1st of Said publish trines I cab only say sirMhat it will be-.; mar veil ous to roe if that dinner, tboogh it be said to be tattered and prn, shall yet be lower ed in obeisance, zm laid al ithe footstool of Executive pow. To th of that nowcr the Passaiire the utmost importflce. i Tbeldministla-- in tiiii strongly forwtr oninion. and c. ' ing voice of t! : Once more : once mm: and we slnulJ ! attticonstittiti (rejpubliean, s:. ihe Ad minis lr-1 erjcouragingj injilie very vr; eve of vie :ti r) pries ; out to 'tl 4lies but t" ; sudden thought iliesi.f N:oy.I fvays'-beeh iU;' them, and no. eternal frtei.c'.-' 1 Jsbch a ptf sir, was hot h - The other purl, fcj'e whole.; no. jiation, and a 1 owned the 'tr if: equally-" u!' otvn side V Jilt ...1. r, 14 t the sustain ng ' liflthtsibill ido(m?F ; a. & Tm a v ir li" r i ins iic w. - WuexioiiJ myself, be- or opinions, i and pne artp iea their alalia , to thcj hands pf the otn Scuth Carolina : secsiiort what 1. per s i Oiurttofi j tnere is a hese (projects pf Govj jNullification. r I- - motherland 19 in prison! at Toronjto. . It is sta ted in; a letter trm Lewistoo. that he had al iat in Banks! i - f H K A AAISJ PosiUoP of the Government wilt an.A a tiUJ die hi pause and- review bis ;past course, lb 1533, ia bit femops letter toAli Adams, be aiai .M VePHhc lSNb CireiflarJ anit the rfeceipj ot BanlttCurreney Lt pub io does wpjd ! reltore 7f jpusp to "the. money I narkei id twenty funr hooiyand coofidencp and pfosperiiy in as many day4!i We conceive lihat the recent vote in the denate has n aeed ! thA tempted lo cut his own throat. ( Alba fly uournai.- i i-l. ! i i' fr i and Dec. tion will regard if sncce 1 W 4 as them, what Grom'ielt sail .the battle Worcester wss to fi;ra -'a browning mr- to '.of 7 1 anu is L -eternal, in f : Iothisjetui says, in of the last Ev ... V . ML..'! - ' "J. 4 I... " 4mco.- mbi masters oi . lamiiies oromote religion in their households. ; Thts is the way Ito .have xedii l.W vaats sod: Idatidil childreo.i- rieiy. is the flnbest; basis of molality ; secure vu ciims, you win noi miss your own, cy." netner gt uiemen, wno pave oia tinguished themsels so nih Vlirfin treme jealousy of lliis Goltexpment, sall now hnd it constspM witWitheir principles U crive their aid in kcomolishtng the con summation, reraiigi to oe pern. r i v i lua a ilug aM- ma a - " SUui' the point, v i tilt wear in the positioQ djescribed by Mr Biddle, and we i WrMeM7 W snd heart will m-py a acaranrt wrinkle, before 'the arrival jof 14nii.iv.. Lf . . . - , ... r ! Bw.utwii. -. iiuwerer 3naai inAnntut nf mm owa. njnghe urn4ofthemoning Will leave their reads like a tlespfh, or ,a ng to the c " reap the full! ops scruf ?e. nd abuses cf M gentleman's sentinfnts anal opinions is Utter olJMov. 3agv.i .. 5 This letter sir,il cbriosi W describing pplittaim exlib iting jjpolitcal opintJjnSriUwilhbut a barf' otlol lot nhrase 'ft altnir ether militarV. -.Il m ar . I O r-- r r . ' . ?As a paper, At that .tin; , taiilT put a step t ' fiiat be hid P Iinging tears to gUtterion the lekves. headqaarters. ttsas iuu bulletin from j National IU , attacks. 83 aliaCW pau. -f - ''it .'ill! 14 r-:! 4 - 1 i V i . ftt! "; -I v-j. 4 : I' r'H:.
Carolina Watchman (Salisbury, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
April 14, 1838, edition 1
2
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