North Carolina Newspapers

f ft J " 5 MiofV JW. 831. Tarborough (Edgecombe County, JV. C7J Saturday, February 2, i8iz VoLXVill Xo 6 Tic Tarborough Press, BY GEORGE HOWAUD, Is published weekly at 7Vo Hollars and F'fiy Cents per year, if paid in advance or Dnllarsai the expiration of the subscription year. For anj period les than a yar, Tweitt-Jlre Cent per month. Subscribers are at liberty to discontinue at any time, on jiving notice thereof and paying arrears those residing at a distance, must invariably pay in advance, or give a respon sible reference in this vicinity. Advertisements not exceeding a square will be inserted at One Dollar the first insertion, and 25 cents for every continuance. Longer advertise ments in like proportion. Court Orders and Ju dicial advertisements 25 per cent, higher. Ad vertisements must be marked the number of in sertions required, or they will be continued until otherwise ordered and charged accordingly. Letters addressed to the Editor must be post paid or they may notbe attended to. Doctor Glasgow, TTJESPECTFULLY informs the cili zens of Edgecombe and ihe public generally, that he has Located in Tarboro For the purpose of attending to the dutte of liis profession; to which he pledge himself to devote the most strict and un remitting attention, and to regulate his charges discretionally agreeably to the state of Ihe limes. When not engaged on professional duty, he may he found either at his office opposite the Court House, 01 at his residence on Dr. Hall's lot. Tarboro, 1 Feb'y, 1842. 5 3 Notice. miRS. A. c. A. C. HOWARD mlorms net fripnds and the nu'dic, that she ha i just received a fresh supply of Goods suit able for the season, viz: BonnMs, Silk, Satins, Ribband?, Flowers, Curls, $-c which makes her assortment complete. She has also received some new and beau - tiful patterns for dresses, S'C Tarboro', Dec 3, IS41. Slate of North Carolina, EDGECOMBE COUNTY. Court of Pleas and Quarter Sessions, Nannv Edwards Petition for re- vs. i probate of Siley John S. Edwards, Wil C Edwards s liams Edwards and 3 Will. others, IN this case affidavit being filed, that two of lh; defendants, to wit, John S. Edwards and Williams Edwards, art non residents: Notice is theiefore herein given, to the said John S. Edwards and Williams Edwards to Je and appear at the next term of the Court of Pleas and Quarter Sessions to be held tor the boun ty of Edgecombe, at the Cmut Hi. use in Tarborough, on the fouith Monday in February next, then and there to plead or demur to said petition, or answer the same; otherwise, it will be taken pro 'on fesso and hoard ex parte as to them. J SO NO li FL ERT.CI'k Tarboro,' January 17ih, 1842. 4 State of North Carolina, EDGKCOMBK COUNTY. Superior Court of Equity. SEPTEMBER TERM, i8l. Demps. y Taylr. Ft i. I -pe P'pe, Bet-ey Whitehead, Kinchen Taylor, Allen Taylor, 3ml Kuch-i. Kearney jnd wife Mary, put ol ihe heirs ol the I He l ben Taylor, plffs VS. ClJ C.,e, Tat-lnr anil M:ir1 IA IV. l lVlnr, Ml- fant children of one Kindifcd Taylor, a son ol one Jee Tyhr, a hn.th-r of said Reuben, Je-se Taylor and Dent and wife E'izi, which said Jesse and Eliza are children of the said J s-e, the brother of said R-uhen, Allen Houe and others, the brothets and sifters oi the said Allen and heirs of one Polly House, a sister of said Reuben whose names are unknown, defendants. Petition for sale of Lands for partition IT appearing to the satisfaction of Ihe Court, that the defendant' in ihi ca-e are not inhabitants of this State: It is therefore ordered, that publication be made in the Tarborough Press for six weeks successively, giving them notice to appear at the next term, to be held for said County, at the Court House in Tar boro', on the second Monday in March n-xt, then and there to plead, answer, or demur to the petition of the plaintiff; otherwise it will be taken pro crnfesso and heard ex parte. Test. NOR FLEET, CM E. Turner $? Hughes' NORTH CAROLINA AILMLAN AC, For 1819, Just received and for sale at this Office at the Raleigh prices viz: 10 cents single, 75 cents per dozen, S3 50 for hall a groce, $6 for a groce, &c. Oct. 1841. From the Fuyetteville Journal. CORRESPONDENCE, Between Louis D. Henry Esq , the Nominee of the. recent Democratic State Convention, assembled at Ral eigh, and the Committee appointed to inform him nf his nomination. Raleigh, January llM, 1842. LOUIS D. HENRY, Esq., Dear Sir: We h ve been appointed a Commit'ee. by the Democratic Convention now sitting in this place, to enclose to you a copy of its proceedings, and to ask your particular attention to the resolution nom inating you as the Democratic candidate for the office of Governor of the State of North Carolina, at the ensuing election. It affords us sincere pleasure to be the or gan through whom this communication is made, and to accompany it with the assur ance, that the non.ination was unanimous and enthusiastic, and we hope it will suit your convenience, at an early day to make known to us, your acceptance of a trust, which the Democrats of North Carolina have committed to you, with perfect confi dence in your eminent abilities to discharge it. With great respect, we are your fellow citizens, HENRY FITTS, sen , J. ALLISON, WiM. G. JONES, E iMcCALLUM, THOS. J. HICKS, J. O. WATSON, THOS. W. GRAVES, GIDEON GLENN, W YATT MOYE. Fay etteville, January 21$, 1842. Gentlemen: Your communication an nouncingto me, on behalf of the Conven tion assembled in the city of Raleigh on the 10th iust., that I had been unanimous ly nominated by that Convention, as the Candidate of the Democratic party, ''for the office of Governor of the State of North Carolina,'7 has been received; and I regret that a temporary indisposition has prevent ed me from giving it an earlier reply. So strong a manilestalion of the confidence of mv fellow citizens, from every part of the S'.ate. fills mv bosom with the deepest e motions of gratitude, and places me under obligations 10 them which 1 fear, 1 never shall be able to repay. The ex dtrd motives of patriotism, that called together at this inclement season of the year, at so gieat a distance from their homes, such a large convention of Planters, Farmers, and Mechanics truly repre senting the great industrial and agricultur al cldsses of our population, sent forth by the spontaneous movements of the people in their primary meetings; prompted by the distress and embarrassment broughtup on the country by the misrule of the Whig parly that Convention too, in its action, influenced - no leaders, or aspiring pol iticians, but proceeding under ihe dictates of their own judgment, and zealously re solved upon the good of their suffering country all these considerations, united with my ardent devotion 10 the cause of Democracy, admiration of its principles, and the deep impression that our common country is bleeding under wounds inflicted by infatuated party leaders, have determin ed me to accept the honored banner of my parly, and to bear it with my best ability, incompatible as 1 know it is, with my fee ble In alih, and the retired h ;bits of my life, trusting under Providence, to the justice of our cause, and to the zealous co opera tion ol every Democrat, who loves his principles for the sake of his country. W nat 1 ruve to say to you, gentlemen, and through you to my fellow-citizens, shall be sjulfreely and boldly, but with perfect respect for other men's opinions, knowing that there aie honorable men in both parties. My position dictates it the cause of truth and fair dealing demand that no concealment should be practised upon the people, it was by a contrary course that the whig leaders got into power; had their hand been openly shewn to the peo ple, it would have excluded them from the public confidence. Change! change!! change!!! Things can't be worse," was the cry of Mr. Web ster and the Whig leaders, in the year 1840. By charges the. most unscrupulous, against Mr. Van Buren's administration by unholy appeals to the passions of the people, and by deceitful promises of reform, the Government of the country was chang- eu, anu mat party put miu powar. now that change has resulted, might have been foreseen irom the wicked mean s contrived t 1 . . T 1 to effect it. What it is, the wrongs and distresses of the country every where make manifest. Things have crown worse beyond all comparisonl The disasters and ruin of cemuries, by the baleful influ ence of this ruling power, have been com passed into the fatal the ever memorable year the Whig year, 1841 ! when the VV hig leaders, infatuated with power faithless to their solemn pledges and prom ises, proposed no good, but contrived eve ry mischievous measure that could aggra vate the sufferings, and mock the calami ties of a people they had most cruelly de ceived. They have brought the affairs of the country to a dangerous crisis too serious for them now to dare to deride the public uffering by midnight debaucheries and drunken processions: when, the neonle must take the affairs of the country into their own hands, by dismissing from their service, these unprofitable servants, who have practised extravagance where they (jiuuuseu economy imposed taxes and a molic debt, where they promised relief- proscribed democrats for opinion's sake. where they promised toleration are plan ning a pper-making, corrupting U. S. Uank, when they promised a sound cur rency have produced hard times and low prices, when they promised good times and high prices in fine, who having quar relled and separated into two parties, from an avowed distrust of each others' honesty and sincerity (shameless bruited to the world) have sunk the credit of the Govern- ment m the dust. Ihe Secretary of the Treasury announces to Congress the as tounding fact, that the Treasury is bank rupt, and that he cannot borrow money up ou the faith of the Federal Government the country hasjost all confidence in the honesty and ability of these men to conduct : . CT - i ID i . . us auairs: v noever oeneiu such a state of things before? The Federal Govern ment, and the States overwhelmed with ; debt of between two and three hundred millions; in a time of peace their credit dishonored, and notable to borrow a dol lar to meet the pressing exigencies of the country. How appalling would be the crisis were the country suddenly plunged into a war with England! when the alter natives would seem to be, to starve under the heavy hand of taxation, to die by the sword, or leld up lgnominiously the lib erties of the country. To trace these effects to their true causes, has now become a duty which must not be pretermitted. CAUSES. The primary and remote causes, I be lieve, will be found iu the vicious action of the banking system the secondary and more immediate cause, in the corrupt con federacy between the great leaders of the Whig paity and the United States Bank with the affiliated local Banks, to effect ; recharter of the former, and to tear down the Administrations of General Jackson and Martin Van Buren. 1 avow myself opposed to a Iatitudinous construction of the Federal Constitution I think the federal Government ought never to assume a doubtful power; and where a power may be wanted, to relv upon the people to give it, after the man ner provided in the Constitution itself. Herein consisted the fatal error of the Federal party, which having failed in the Convention of 1789, to model the Govern ment to suit its own notions, sought by the 1. 1. a .! . .i suDueues oi consurucuon 10 nerive powers toil, which the people had not granted Thus, instead of strengthening the admin islration of the Government, by attaching to it the confidence oj the people, it weak ened it by exciting their distrust and op position. Through this dangerous breach have entered the greatest ill that ever afflicted this country, and whose bitter fruits we are now tasting. The riper ex perience, reflection, and closer observation of my manhood, under the numerous lights, sifting discussions, and practical tests, afforded by the age, have brought my mind to these conclusions nor can 1 doubt, that should the principles of liberty which sustain tnis GLORIOUS UNION, ever be dangerously assailed, their refue will be found within the ramparts of the States, where their altar fires are ever kept burning in the hearts of the people, by the love for them, which is inspired, by the daily and familiar discharge, of the duties of self-government. UNITED STATES BANK. The great and good men who framed the Federal Constitution, had been taught by sad experience, the evils of a paper curren cy. Its course for nearly a century before, both in Europe and America, had been at tended with the same disasters to trade and industry. Instructed by the will of a people whose wisdom and virtue had been purified by the fires of the Revolution, they ordained in the Federal Constitution that coin, hard mo ney, should be the federal currency, and only standard of value. The experience of all men, in all ages, and the regulations of Providence in the affairs of men, have given us no other stable measure of value. by which balances can be settled between nations, States and communities, and confi dence given to trade, without which, it will languish, er periodically break forth into ruinous expansions and contractions That execrable paper-making machine, the United States Bank, was the primal sin a gainst the Constitution, and like the sin of Cain, the Bank, has sunk under the doom of perpetual infamy, as the scourge ami perplexity of nations. The history of this Institution will be useful at ihUtime, as shewing that such an institution, or any like Government Bank, can never furnish a uniform currency of permanent valu, nor regulate the ex changes; and that it can always wield a power dangerous to the freedom, and to the morals of the country, and that the Government can be administered without it. The late Bank of the United Stales went into operation in the year I S 1 7, and iu IS months afterwards, July, 1818, it was o- the eve of bankruptcy, with but a few thousand dollars on hand, and many mil ions of notes in circulation. So disgust ing, fraudulent, and ruinous, had been it management, within that short period, that a resolution was introduced into Congress! to repeal the charter, in 1819, which wa supported by Gen. Harrison. These f cts may be seen at length in the proceedings of Congress, in 1719 and 1820, and in Un report of its President, Mr. Cheves, in 1S22- 23 . During that IS months it had made larg" loans in Europe, which ulti mately raised the price ofexrhange against thiscountry. Instead of checking gradu ally, by a prudent course of discounts, the tendency of the local Banks to excessive issues, of paper money, like a bold leader, it headed the phalanx of State Bank., and plunged the country into every excess of debt, speculation, extravagance and luxury The natural consequence followed, and in the spring nf 1819, the bubble burst in the South; all the Banks suspended payment, and the people woke upas from a dream, and beheld all around them distress und ruin. Property sunk 50 per cent, or more, in value, and in the cities of New York, Philadelphia and Baltimore, it was estimated that 50 thousand laboring men and women were wandering about the streets in search of food and work. The notes of our North Carolina Banks were quoted in Baltimore at a discount of 25 per cent., and the exchanges between the Uni ted States and Europe were ruinously high. A CHANGE of policy takes place in the management of the Bank, from this time, to the time General Jackson is about to be made our President. Mark it well as you go almg Orders issued from Philadelphia to all the southern Branches, not to issue their notes when exchange was against them, and to replenish their vaults by draughts of specie from the State Banks, which was shipped to the North; thus de priving the South of its own notes, which had been promised as a currency, crippling our own Banks, and raising the exchange against the citizens oi the state, when they cou!d least bear it. This pressure of the United States Bank upon our local Banks, continued for nearly 10 years, until, final ly, in the years 1S27 28 and 29, every Bank in the State was broken down. Had the U. S. Bank furnished the currency and exchange it promised when chartered, our sufferings would have been greatly allevia ted; on the contrary, however, it deprived us of the best we had, and refused to furn ish a substitute. Twelve years of its char ter had now rolled out, and the paper ex changes during all that time, between North Carolina and the North, averaged 5 a 6 per cent; this as a tax upon the consum er, amounted in that period to many mil lions. The years 187-28 and '29, spread a deep gloom over the State. The Banks ruined their notes discredited out of the State exchanges, scarcely to be had, and when so, very high prices of produce and labor thrust down property could only be sold at the greatest sacrifice, and instan ces were known, of cotton being purchas ed in Fayetteville, at 6 cents a pound, shipped to Europe for a market, and there sold at a loss to the owner. ANOTHER CHANGE takes place General Jackson was made President in 1829; the charter of the Bank was to ex pire in a few years, unless Congress should renew it. The President fell it to be his solemn duty, in his first Message, to call the attention of congress to the past course of this Bank, preparatory to its application for a renewal of its charter. This. Nicho las Biddle viewed as great presumption, that a republican President should dare to question, in the course of his sworn duty , the immaculate purity and widom of the Bank. The Bank had now become rich vith the specie spoils derived from the State Banks; it had grown strong by a long course of severe contraction, and resolved, in the insolence of its power, to crush the President. Its policy was to make favor with the people; accordingly it commeu ced a course of rapid expansion of its notes and discounts made loans to the amount of nearly $2,000,000 in a short period, to members bought up Editors and Presses, to' advocate its recharter got 'he people ?very where in debt to it, and by issuing largely its branch checks at the South, re duced the price of exchange. Thus, as if by magic, sprung up suddenly, a state of brilliant prosperity ! But all waa false and hollow! The people were steeped in debt to the Bank, and the country in debt to E i rope, as will appear by the great excess of imports over exports, in the years 1831 and '32. It was during this state of de ceitful prosperity, whilst all appeared fa vorable, that jthe Bank pressed upon Con gress its suit for a recharter. Congresf granted it; for too many of its members were accommodated by the Bank with im mense loans; but General Jackson was the man of the people he was true to their in teiest he vetoed the bill, and in the fall of that year was triumphantly re-elected by the People. ANOTHER CHANGE TAKES PLACE: The Bank having failed to ac complish its purpose by golden favors, now resolved to effect it by operating through the fears and distresses of the People. U therefore, in the years 1833 and 34, commenced a sudden and violent con traction of its issues and loans spreading desolation and ruin with a bold hand, every where the country trembled under the shock as of an earthquake Congress was in xsiiou the waitings of the people arose upon trie air, like the cries of the Innocents under the persecution of Herod the Bank orators in Congress s-t up the panic cry, and the whig newspapers re echoed it, that General Jackson must be crucified, and the Rank recharlered. This was the me morable panic session of 1833 and '34. Congress adjourned in the summer of 1834, without recharteriMg the Bank. Its golden showers and panic distresses had failed of their effect, and the Bank desper ately crippled with debt, in fact rendered bankrupt by its own wicked policy, fell hack upuii the Legislature of Pennsylvania for a charier, for the purpose of keeping its c ipiial tog ther, and preparing for another onset. The charter was procured by sheer, nuery, practised upon a sufBcienW'number of the members of the Senate to turn a ma jority in it favor. ANOTHER CHANGE TAKES PLACE: The Bank, with enlarged pow ers under its new charter, having since the summer of 1832 contracted immense debts in Europe, to repair its losses, now plays the part of a desperate gambler. It got up a spirit of wild speculation in the public lands in the cotton, beef and flour mar kets stimulated the States and corpora tions to visionary schemes of internal im provt ment, by granting them facilities in obtaining money thus getting the States and corporations in debt,jfor the purpose of procuring their bonds. It entered large ly as a speculator in the cotton and stock markets. With the State Bonds, public stocks and cotton, it kept up its credit, and obtained new loans in Europe, to aid which, it established the Jaudon Agency in England, under the insolent pretence oi protecting American interests and credit. It issued, fraudulently, the defunct notes of .its original charter, called resurrection notes the State Banks discounted upon these as upon specie, thus piling paper up on Daner speculation raced like the wild a a O - - fires of the prairie, and men lost their sen ses in the day dream ol getting rich by millions. As a natural consequence of ma king money too plenty, the imports swell ed to an unprecedented amount, shewing our increasing indebtedness to Eurone. 'I he bubble of paper credit again burst in the spring of 1837. The U. S. Bank was Ihe first to suspend, and the State Banks followed its example. Failures took place in one week to the amount of 20 millions down went the price of lands, labor and produce, and up went the price of ex change. The Banks held at this time, a bout 30 millions of the public money, which they refused to pay thereby em barrassed the Federal Treasury and hum bled the Government at their feet. The President in this dreadful emergency, call ed Congress together in September, 1837, and recommended the Sub-Treasury, or a separation of the affairs of Bank and State. This measure failed, however, because Bank influence had disaffected a few un sound members of ihe Democratic panyj who formed a separate party under the name of ConservativtS. Congress passtd a law hdwever, grant ing several years indulgence to the Banks and merchants, and under Mr. Woodbu ry's skiilful management of the Treasury, ome of ihe local Banks soon'iesumed pay ment, but the U. S. Bank, which was the List to resume, put cif resumption until August, 1&38. Resumption created a tem porary revival of business, and a false hope ol better times but it was now loo late to witld this rotten mass of overgrown cred it. The people were all in debt, the merchants in debt hundreds of millions lb Europe lor the excessive importations of tormtr years the Banks, Internal Im provement corporations, and the Staterf, J