v V, HI is indispensable to its existence, of inter ferine in any way with the useful and prof itable employment o! ml capital. I nsfitii: i.iiis so framed have existed and still exist elsewhere, giving lo commercia intercourse all necessary ficilitics, without inflating or depreciating tin currency, or stimulating speculation. Thus accomplish ing their legitimate ends, they have gnnct the surest guarantee for their protection and encouragement in the good will of the community. Among a people so just as ours the same? result could not fan lo attend a similar course. The direct supervision of the banks belongs, from the nature of our government to the States who authorized them. It is to their Legislatures that the people must mainly look for action on that subject Hut as the conduct of the Federal Government in the management of its rev enue has also a powerful though less imme diate influence up n them, it becomes our duty to see tint a proper direction is given to it. While the keeping of the public re venue in a separate and Independent Treasury, and of uollec'ing it in gold and silver, will have a salutary influence on produced, public sentiment is no less oppo sed k the creation of a National Uink for purposes connected with currency ;.nd com meree, than for those connected with the fiscal operations of the Government. Yet the commerce and currency of the country are suffering evils from tha opera tions uf the State banks which cannot and ought not to be overlooked, By their means, we have been flooded with a de preciated paper, which it was evidently the design of the framers of the Constitu tion to prevent, when ihey required Con gross to "coin money and regulate the val ue of foreign coins "and when they forbade the States -to coin money, emit bill- of credit, make any thing but gold and silver a tender in payment of debts" or ''piss an law impairing the obhga'ion of contracts." It they did not guard more explicitly against the present state of tilings, it was because they could not have anticipated that the lew banks then existing were to swell to an ex tent which would expel to so gre.it a degree he gold and silver, lor which they had provided, from the channels oi circulation. and Jill tiiem with a cunency thai defeats lh objects they had in view. The remedy for this must chiefly lest wi;h the Males from J0 I from the system of paper credit with which .all banks are connected, and thus aid those that whose legislation it Ins sprung. are sound anil well manag'-.d, it will at the 'hat mignt accrue in a puthular ca 6ame time sensibly check sudi as are the exercise of powers, not obviously con otherwise, by at once withholding the f-rred on the General Government, would means of extravagance afforded by the pub- authorize its interference, or justify a lie funds, an 1 restraining them from exces- course that might, in the slightest degree, sive issues of notes which they would be increas., at the expense of the Slates, the constantly called upon to redeem. p wer of the Federal authorises nor do I I am aware it has been urged that this doubt that (he Slates will apply the lem- control may be be3t attained and exerted dy. Within the last few years, even's hive by means of a National liauk. The ron- appealed to them too strongly to be disrc stitutional objections, which 1 arn weli '"ded. They have seen that the Consti known to entettain, would prevent me in tution, though theoretically adhered to, is any event from proposing or assenting to subvened in practice, that wuile on the that remedv; but in addition to this, 1 can- "tatute hooks there is no funl tender hut not, after past experience, bring myself to I gold and silver, no law impairing the obli lions indispensable to other na'io 5, Will, think that it can any longer be extcnsivelv gl,ions of confracts, yet that, in point of ( 'n due time, afford abundant mean to per- regarded as effective for such a purpose, the privileges conferred on banking! tht most useful of those object--, for The history of the late National Hank, corporations have made their notes th:-1 which he Slates have bceh plunging them- througnall its mutations, s! lows that it was I cun ency of tne country; that the obliga not so. On the contrary, it may, after a tlons imposed by these notes arc violated careful consideration of the subject, be, I under the impulses uf interest or conveni think, safely stated, that at every period of ence; and that the number and power of" banking excess it took the lead; that in ll,e persons connected with ih- se eorpoia- 1817 and ISIS, in 18J3, in 1831, and ,,0,'1S or placed under their influence, iiive P'dients Indebtedness cannot be l ssen in 1834, its vast expansions, followed by them a fearful weight when their interest ' U)T borrowing mor- money, or by hiu- distressing contractions, led to those of th-? s n opposiiion to the spirit of the Cons:i- tt':1g 'be form of the debt. The balance of! State institutions. It swelled and madden- tution and laws. To the people it is im- trade i not t be turned in our favor hy j pd the fifles nf ihp hanlcinrr vstm K-ii- material w hether I Iipnp tv-snl ri :i.r ... I creating new demand im.iti nlmvul dom allaved. or safelv directed them. A i ced by ooen viol iti.ms uf thn l.ntrr nr ! Our cuneuev Cimiot he imm iM i.,! iiv !l,nic'!l'ie' a'mo,t fc ,nG exclusion of other afevv periods only wasa salutary control tne workings of a system of which the re- creation of new hank-, or m uv issues "from 1 wading matter, in th1 roufident b li-ftlia reer, and think of the moans by which debts are to be paid before they are contac ted. If we wou'd escape embarrassment, public and private, we mut cease to run in debt, except for objects of necessity, or such as will yield a certain return. Le? ihe faith of the Slates, corporation, and individuals, already pledged, be kept with the most punctilious regard. It is due to our national character, as vell as to ju-tice. that this should on the pait of each be a fixed principle of conduct. I3ut it behooves us all to he more chary in pledging it hereaf ter. By ceasing to inn in debt, and apply ing the surplus if our crops and incomes to the djsehirge of exiting obligations buying les and selling oiore, and nianaji ing all affairs, public and private, with strict economy and frugality, we shall sie our country soon recover from a t.empora ry depression, at ising not from natural and permanent causes, bu from those I have enumeiatsd, and advance with renewed vigor in her career of prosperity. Fortunately fur us, at this moment when the balance of trade is greatly against us, and the difficulty of meeting it enhanced by ihe disurbed state of our money affairs, ihe bounties of Providence have come to relieve us from the cons qoences of past errors. iaithful application of the im mense results of the labors of the last sea son will afford partial relief for the pre sent, and perseverance in the same course will, m due season, accomplish the rest. We have had full experience, in times past, ot the extraordinary results which can, in this respect, be brought about in a short pe riod, by Ihe united and well-ducted ef forts of a community like ours. Our sur p'us p:olits, the energy and indus'ry of oui population, and the wonderful advantage winch 1 lovidence has bestowed upon our country, in lis climate, its vanous pro lu 1 1 1:t,. J ... ,.;f 11 people as if ct: ami cuuimkcucu uui9, win, whenever it becomes necessary, show themselves to be indeed capable of self government, by voluntarilyadopting appro priate sacrifices, however great to cnsuie their permanent welfare. My own exertions for the furtherance of these desirable objects have been bestowed throughout my official career, with a zeal that is nourished by ardent wishes for the welfare of my country, and by an unlimit ed reliance on the wisdom that marks its ultimate decision on all gnat and contro veiled questions. Impressed with ihe sol emn obligations imposed upon me by the Constiiiuion, desirous aho of laying be fore my fallow citizens, with whose confi dence and support I have been so highly honored, sucn measures as appear to me conducive to their prosperity ar.d anx ious to submit to their fullest consideration i he grounds upon which my opinions are formed, I have on this as on preceding occasions, freely off red my views on ihos points of domestic policy that seem, at the present time, most prominently to require the action of the government. I know that they will receive from Congress that full and able consideration which th; importance of the subjects merit, and I can repeat the assurance heretofore made. that I shall cheerfully and readily co-ope rate with you in every measure that will tend to promote the welfare of the Union. m. van uurex. December 2, 1839. selves of late in embarrassment and dent, without impo-i.og on ourselves or our chil dren such fearful burdens. Hut lei it be indelibly engraved on our minds, that relief is not to he fonn 1 in-ex yT 's . Laborers Wanted. rgTHE Subscribers will pay liberal pr;. cts by the month or year, for SOO laborers, To work on iltiutur Luke Canal, ; Hyde county, N. C. Hands hired by'ih month, will be paid at Uic end ol ( ach month; aruj those by the year, in two in. -lalmenls. One .f the sub cribr-rs (Mr. C. v Haws ,) may le "ten on th- work, or j"q Vus.iii.g on alter toe 10th or 15 h ist. HJilVSE $ IVlTKlIE.ii), Contractors. January I si, 1840. 2 . JSToticc. J)NT MOND.W, the 20th insf. will bL Mdd al ihe sak of Fn,l,n4 Ioc ec d, on a credii ol ix mo. -i!m. A likely iVero Tellow, A good cornfield hand. The sale will without resei ve. WILLIAM CLJlUISen. .fanuary S, I s jo, a 2 Marks's Ointment FOR THE CUIIE OF FILES. mi hp c.i ' i 14 - jiiusi a nit r Oft II fliiVO t nil .. . tile atteiiiion ofihose who ,ire sniijecl to that moi disagree ihle disorders,' remedy, lt. t flrary f which has been CeMt-d by ihe exp,, ie,ee of years, and ihe ''liny oi In, , !i;is , JJO onpaiie litjiii 1 1 1 oe SATURDAY, JANUARY 4, 1S40. Acpuhlicaa ( Candidate. rOR PIIESIDENT, 3IART13T VAX BUR EX. f(Ja We insert ihe Pieidents Messacre those winch nj.v cxif. sometime an near to AiLhi.ogh thee 'he sound Democratic seutim nls it con- somctime appear to ivo temp r .ry r,l.e! , I t;,ins. will b- more nccrptahle to our read they almost invanabiv agrava'e the evil! . ,, . , in the end. I. is only bv re.rcn; -hmcnt ' a a', C S" WG C0,,Id Pre!,ent exercised, but an eager desire, on the con- su'1 ,s the same. An indexible execution trary, exhibited for profit in the first place; even of the existing statutes of most of the and if, afterwards, its measures were severe j States would redress many evils now endu- towardsother institutions,it was because its rcd? would etfectuallv shnv the hanks the; i own safety compelled it to adont them. It aangtrs ol mismanagement which imnuni-i a:,d n-f u-.n, by curttilin d ihiic and nri-! inem careiul penpal ot this al!-im- did not dilfer from them in principle or in M-y encourjSMs them to repeat; and wouid ' va,e expenditures, bv paying our clfbt, portnnt and interesiin pub'ic document. form; its measures emanated irom the same teacn !lll coiporations the ustful lesson ih.tlaad by relorminor our baiikinir svst. mJ must s.t;sfv everv reader of th.. nrnput no spirit of gun; it felt the same temptation to icy are tne subjects of the law and iheser-.tnat we are lo expect ttY. c uU ivlie:, scen-Upy of smaratin"- the fir.l nn,r,iim!S r Unable to avert, those inevitable laws of to effect these objects mut be sought inlpe.ity. In haping the instnut.ons and I 1 l,overnm;,nt ,rom Ink influence; and trade by which it was itself affected equal- additional legislation; or, if that be made- policy of ihe Gem-.al Government so s ioit,,c "n)CS misrepresentation which ha ly with them; and, at least on one occasion, Ml'Jate, hi such funher consiituiional grants promote, a far as .t can with its limite ! l)crn p:drm'd on the public by the mis-na- at an early day, it was saved only by extra- or rtsinetiuns as m-.y bring us back into the powers, thtse important ends, ou ma re-! mcd Whig, in asserting that the aim of i) on my mo-t coidial co operation. the Administration is, to obtain '-banking 1 hat there siiould have b je:i in the pro- vj rQS gress of recent eents, doubts in many I quarters, and in some a heatetl opp "sifion n-pi p t i;,,. , . . i t-vu,n., . n,...u,J (U t litlle business hac as ve, b-en rc propei ly attendant on all lefurni; and ! (,onc 1,1 LoiW- Th? Federal Whig it is pccuiiiriy in the nture ot s n-h abuses! 'riember- as usual, are endeavoring o em as we aic now encountering, to s- ck to per- barrass and protract the action of ihe oelnaie lliryirnowei s hv mi aim nf' Hi intf.i. if rr . n, i i ji.u.i.voi preseniaiives. The (i ')!)( of histheirrtsuU, ,f not their object, to gain ! ' C ' 'm L nt;"ns ,h'? K.rks of the f r the few an ascendancy over tne ma y, ! )n ,J 'l,l,m' 0:1 resolution re'a- bys 'Curing to them a monopoly ot the!1' to the election oT Printer to tbo cm rency, the medium tiiiongh win. h mot : II juc, which we will insert in our nQxt ol" t:-e v ants of m m:ind are s ippiied top,j)cr produce throngii society a chain of depend- nee widen ieaas.dl ciass.s to look to n.iv- V;.,r . i I e , 1 , rs.ilinnnl Democratic Convnfinn de0ed aocia ionsf.ii-the means oi Pu uia- T. n,.tP,i r r nnnn. lion and exiraxainnce o ,m,h .......... Ur "tf-" ; W 'ate ol .i i iXi-w i lamp-mire, have nronosed ih .t leic-ice to the ma dy vir.ues I ai .-.v.. i ,r. i n .. , . ... ooposen in,t ordinary exertions from the same faie that Pth Iroin which we have so widely wan attended the weakest institution it professed tiered. to supervise. In ISbl it failed, equally In Ihe mean time, it is the duty of the with others, in redeeming its notes, though General Government to co-operate with j. - -ii l i ... i - iU !. . tne i wo years auoweu oy ns cnarier lor '" ouio, oy a wise exercise ol its consti- that purpose had not expired, a larg "-tt'onal no .vers, and ihe enforcement of its amount of which remains to the present listing la vs. The extent to w hich it time outstanding. It is true, that having so 111 :iY do sa hy Jurlher enactments. I have vast a capital, and strengthened by the use ;ijcady adverted to, and ihe wisdom of of all the revenues of Government, it pos- Congress may yet enlarge them. 15nt, sessed more power; but while it was iisjlf, above ali, it is incumbent u;vju us to hold by that circumstance, freed from the con- crcct the principles of morality and law, trol which all banks require; its paramount constantly executing our own contracts in object and inducement were left the same, aecord.mod with the provisions uf the Con to make the most for its stockholders, not stitulio-Vind thus serving asa railvin pwini to regulate the currency of the country. Iy wnich our whole country " may bt- Nor has it, as far as we are advised, b en found to b greatly otherwise elsewhere. Thena'ioual character given tothebmk ol England, has not prevented excessive (1 jctuations in their currency, and it proved unable to keep off a suspension of sn vie payments, which lasted for nearly a quarter ofa century. And why should we expect it to be otherwise? A national institution though deriving its charter from a dilfer ent source than the Stale hanks, is yet con stituted upon the same principles; is cm ducted by men equaily exposed to tempta tion; and is liable to the same disasters, with the additional disadvantage that its magnitude occasions an extent of confusion and distress which the mismanagement of smaller institutions could not produce. It can scarcely be doubted, that th? reen l su pension of the (J. S. liink of Pennsylvania of which the elTects are felt not in that State alone, bu! over half the Union had itsorigin in a corn s ; of husinesscommence I while it wis a na'ional institution; and there is no good reason for supposing, th ;t the same consequences would not have followed, had it s'lil derived its powers from the -General Government. It is in vain, when the influence; and impulses an the same, to look for a I iflcrer.ee iu'eonduct or results. Hy such creations we do, there fore, but increase the mass of paper rredil and piper currency, without checking their attendant evils and fluctuations. The extent of power and the efficiency of organ iz tion which we give, so far from being baneticial, arc in practice positively injuri ous. They strengthen Ihe chain of depen dence throughout tha Union, subject ail parts more certainly to common disaster, and bind every bank more effectually, in the first instance to thsso of our commercial citivs, and. in the end, to a foreign power. In a word, I cannot but believe that, with the full understanding of the operations of our banking system, which experience has Drought oucii to that Safe and honored stan dard. Our pcop!c will not long be insensible to tne extent of the nurdens entailed unon tnem by :iiv; iAz sytem th t lias been op crating on their sanguine, energ tic, and indubious character; nor to tie mems necessary to extricate themselves from these enih arrassmeiits. The weight winch preses upon a iarg portion ol" the pcopL and the States, is an enormous debt, lor- eigu and domestic. The foreign debt of Oiir Stafcs, corporations, and men of busi ness, can scarcely be less than two Lund reil millions ol dollars, n quiring more thm ten millions oi dollars a yv-ar lo py the inleiesl. This sum has to be paid out ol the country, ami mut ol necessity tut nit imp rrts to that extent, or plunge the coun'ry more dec-ply in debt from year to vc r. t is easy to see lhat the increase ol this foreign debt must augment the anuuil demand on the exports to pay tne inteiest, m 1 to th-; same ext nt dimmish the im uor ?; and in proportion to ihe enlargement of the foreign debt, ami the consequent in crease of interest, must b-; the decrease o! the import tra le. In lieu of the comfo;t which it now brings us, we might h ave our gigantic bulking institutions. &splc.,uji,j but, in many instance, profitless, railroads and canaN, absorbing, to a great ex ent, in interest upon the capital borrowed to c m s'ruct them, the surplus fruits of national industry for years to come, and securing to posterity no adequate return for the com forts which the labors of their hands might otherwise have secured. It is not by ihe increase of this debt that relief is to br ought, but in its diminution. Upon this point, there is, I am happy to say, hope before us; not so much in the return o! confidence abroad, which will enable the States to borrow more money, as in a change of public feeling . at home',; which prompts our people to pause in their ea rn iiie neii: h- e or six ear ami io now!ed"e has its an- sr en instance been failure to rtdinvp '!'. who have been suhiei-ipil m rl.ic disease, u Wi lrove if aj(JJit.(, ,,p re. 'H" li'd. a sure preveniaiive lo u roiiliii-'"'-es without the l ast p.tll,; imltl ma "V have pr.uiouu-m iuin- ui..( aurteable -tnr,iy txtr applied. Tin re t an be no dauuM- in iu use, as its component pans ieo harunles, vegHahl matter. 'I he mother of the subscriber who is lin- m iLfi uf .1... i i i . . uirimifin jjas been fb:l td' giving ii , ,Pr friends anil uor lor iIih l.iv. H. .mm. 1 1 ire lo i fr ,,,ca i beii iiKfiM'iMnI, as ui!J l)e V a nniiih.T r.r ....lit:...,... . xell as the lestimony of a mpdical rentle- ' who has used it himself and nfp;,n. h-d it ui the relief of o(hP, s. I hose who are siiflVriii" will .In l! ... 'take a trial of th remedy. Its effirnrv k -iiaranteed, and there can he nn ,?",. but thai llte dis(nder m-.i h-:,rr.i 'r,ie?1 Male "o delay be made in its an-'natirui. i he direr lions for us ach bottle. SJMUEL TT. li I r r i erersnurt;, Va. Aug. f$. C7" The QiutmiM .nay UUphI.p hp ot,. tnl-.ed frnn, ytwm Spctswood riohfrt son, D::wuU, Pete, shurg;H f,.nm s-.h-tiher, iu I'arboro', wl,pr, ,. ceriifi cntes above r. fprre.l to ran be en ORO. IlOn'jW.Jgent. inVPlli!i(r 24. ise will be f im.nl on M.lIiKS. nity io human nature, a craving d sue jnnvenlion h il b. i i...i,' n.i.;. r, I'u- l,iv...i.i...nii.Vm.M,! i I .,,,(1,.,. . ' 1,,,,rMt' " "ie Oin Ot Alr.V WW. : J : ldn"'or Ule pmpsa of nomim,;.,, M:.;,ia w Inch renders tnoe who mcu the n depend ent on th:so who mi.jd.v tr.em .o s .lwii. tute lor lit p.ib.kau Mihpiicity and ecouo- .nieai iiaoi.s, a s.cicly apjjt tite lor elfemin ale indulgence, & :au imitatio.i of that reculess cXi ravagance which impoverished ami en slaved the in.lus;rious njoule of loiei.:i land.-; and at Lst, to tix upon us, iost ad of tiio-e tqud political i ignis, the ac quisition oi wii.cn was alike the object and supposed le.vard of. our 1, voiu donary .-t-uggle, a system ot excus ve privileges .conferred by paitial legislation. Tore nove ihe lnllaences which hid Urns gra.lually grown up among us to deprive h-m ol tneir deceptive advantages to u st them by the hg'.t of wisdom and 'rum -to oppose the lorce which they con c.ntrate in their support all this wa. occrssanly the. work of tune, even amon.r a people S) e.dightened ami pure as that of me uiiileU 3iu,es. In u,0.st other coun tries, p.u-l.aps, it could only be aecomniisl.- ed t iro' that eries of icvoluiiouary move mcnls, which are too often found necessary toelfectany great ratlical reform: hut it f tlie crowning merit of our institutions. that they create and nourish in the vast majority of our people, a disposition and a power peaceably to remedy abuses which u iveelstiwhere caused tiie ctfusion of rivers f blood, and the sacrifice of thousands of die human iae. I he - result thus far is most honorable to the self-denial, ihe intel ligence, and the puriotism of our citizens; it justifies the confident hope that they will carry through the reform which has hep.. so well begun, and that thy will go siill a.w.ci man mey nave yet gone in illustrating the important truth, that a lm n Ul" u"i33" oi 1're-i'lent ahd Vrice Pr. .... ,1, u, toe invv-a Miat -s. The remit of sucn a uon vnMon is anticip ,ted, so far as cue nrM oince is concerned Mr. Van Hu- -,.mnv.'iiie un:nmvus vote of tne ue.egates. IVrhnps a desirable unau jm.tv .n regard to th secoud oOic miht Ue promoted by the p-onose.l arrangement. Italeih Stand. fCT'The Bank of Cape Fear has declared a Dividend of Profits, for the last six months, of four per cent. liul. Iteg. nra$hhi!rfnn Market, Jan. 7. Corn kJ 1 KI o.;; oun saie. nacon si'le 10 cents, hams 1 l c uals. Pork. a f pT cwt. Naval Stores New dip, $2 25; Old, 0.5. Tar, Si tot 10. Fish- shad, 510 Herrings, cut, $6 io SG 50 whole, h3 00 a 64 00. Hep. Pitlshoro Jlcadcmy. next SP.sio.nf ifii-i I -.. it .if inn, will cun.mencn o,. the 1 3ih ol .January. Sis oo 15 oo To be paid niv mllv in advance. n Tuiti-m. jK'glish, J M LOrKJfjy. Principal, 'jr. i:o . r 25. !8:j.9. 7-I!.l..,- IV, ii r, ... - - v-J ' ""i'- wwrcy, oi wiangp countv, will by appoint nent preach at lhe t otlo wins p'ae.s ol wor-hip: On Su:ida the 19th. and 201b insist. u 'Y.,Un, u. I ues(i.j-,fM 2lss Ilardaway's m. h., nca. S. L. Hart. Ksq.N; Wednesday, t"e 22d, Sho ll Bank; Thurs lay, lhe 23d, Falls Tar River; Friday, the 24Lh, Free Chanel. an counv: Satrirdnv. tho on, ... vine; Mmday, the 2Gth, Sandy Grove, near Jno. Tavlm'm Mrmd V u o-r.u Leigh Chapel; Tuesday. thc2Sih. Hon;! bah. Wake countv. Cam DIED, In this county, on Monday, the 30th ult. Miss Margaret Pender, aged about 20 years. . : Grangcmlle School 9Cf rjiriK.MISSKs JRNKIXS will rP oppn Ihe.r School for ihe reception ( pupil, thesecand Afondav in Feh.nry next. Terms ;ltX)n as formerly. They ean accommodate I0or l2 Boar.lers. If is well known to he a healihv situation, and -annnt be exceeded by any in Edgeoombe ii my. Near Lawrence's mr tin- house Dec's. r.S3o. 'H9 6 (C7rhe Editor pf ihe Halifax Ad v rate will ph-e give Hie ahovn three jn. M ionS and forward his acc't to this ofiice hu piym. nt.. Lock and Gunsmithry. unrlprsijrned having deyolpd the most of life to a knowledge of his rofessioii. is nmv pieparrd Venr lhe llvhl in Tarhovo !' execute all nrdt i i L-eU an.l Gun milhry, in a slyle at once rq.nl 0 j)e hpi London ivoi U. Clucks watchp, muipal hnxps brpast pins, fi..jrer ring-, and jewel. v and bro ken article of every descr iption will also be repaired at lhe siWtet notice by DAVID C. BELL. August 14lh, 1S39. 33 Printing neatly executed, AT THIS OFFICE.

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