: 1 Mill M186
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Whole JYV 883.
Tafborough ( Edgetdnibe County-, JV.feJ Snfflrtfa, February l, 1843
FoL XI X JVb.7.
Xie Tafbotoilgh Mrcss)
BY GEORGE HOWARD, j
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From the Globe.
BANK SOVEREIGNTY.
The Bank of North Carolina (according to
ihe Raleigh Register) has made a complete
conquest of authority over the State Legis
lature, and taken upon itself the function
bf managing the affairs of the people. It
would seem that the bank (in case the Leg
islature ventured to take any step in its
contemplated course for the alleviation of
the distresses of the people) prepared at
bnce to wind up and press its debtors.
1 he Legislature, the public is given to un
derstand, being deterred by this threat from
looking into the abuses of the bank govern
ment, or attempting any reform, or provi
ding any relief by accomodating trie pro
cess of remedial justice to the changed con
dition of the country under the bank admin
istration, the general ossembly of stock
holders has been graciously pleased to sig
nify that it will somewhat soften the rigor
of its rules, and "extend such accommoda
tion to the public as may be consistent with
the interest of the institution." The Ral
eigh Register thus puts forth the bank
ukase:
From the Raleigh Register of Tuesday.
The general meeting of the stockholders
of the Hank of the State, which assembled
on the 2d inst., has been continued open
by adjournment, from day to day, until
yesterday, when it adjourned sine die. It
Will be seen by the following resolution,
adopted by the stockholders unanimously,
that, the Legislature having adjourned wiih
doing any thing to relieve the people, the
president and directors of the bank aie re
quested to extend such accommodation to
the public as may be consistent with the in
terests of the institution. This little reso
lution of the stockholders of an institution
which has been so violently assailed by
demagogues, will do more to restore confi
dence, and alleviate the embarrassments of
the community, than all the acts and reso
lutions of the General Assembly:
"The General Assembly of this Slate
having adjourned on the 2Sth inst. sine
die, without Having taken any action" on
the resolution unanimously adopted by the
individual stockholders of this Hank on the
2d inst, and transmitted Id that body by
his excellency the Governor, the stockhol
ders, although believing that, as a matter of
pecuniary consideration alone, it would be
to their interest to wind up the affurs of
the bank under the charter, and divide the
capital; yet, as the (Jeneral Assembly have
forborne to expies? any opinion on the
subject when respectfullly invited to do so,
the stockholders decline further" action on
it at this time leaving the subject open
for the consideration of a future general
meeting; recommending to the prosiden'
find directors of the bank to administer its
i ftuairs in the mean lime with as liberal ac
Commodation to the people of the State
find indulgences to Its debtors, as may be
Consistent with the safety and interests of
me Dank."
The National Intelligencer of this morn
,ng triumphing in what it considers the
victory of the bank over the representatives
of th
1 Mate Legislature to a board of bank direc
tors, gives its own account of the transac
t'on in this editorial bulletin:
From the National Intelligence of this
morning.
KO&TH CAROLINA AND HER
BANKS.
The Legislature of the State of Nofth
pfolina hasjust adjourned, after a protrac
ted session, the greater part of which was
lasted in idle logomochy. Among the
first movements in the Legislature were de
monstrations of hostility to the banks of
the Mate 1 h6se batiks are known to dll
intelligent men to have been as soundly
and wisely administered as those of any
State in the Union. But loud declamation
against them had exercised upon the less
informed, though generally honest peo
pie, a powerful influence in enabling th
Locofoco party to obtain at the last elec
tion the ascendant in the Legislature: and
the excommunication, the humiliation at
lea-it, if not the downfall of the banks, was
to be accomplished as a matter of course.
Such was the spirit in which the Legisla
ture assembled, and with fierce resolve and
demonstration of the most threatening cha
racter, set itself about the work. Abou
this time the stockholders of the State
Bank (in which the State has considerable
interesi) assembled at their annual general
meeting; and, instead of cowering before
the danger, or quailing beneath the frown
of its enemies, this banking company calm
ly entered into a resolution, and transmitted
it to the Governor to be laid before th
Legislature, in which it declared that il
the State, as a siockholder, would indicate
by its vote at the general meeting a wish
that the bank should be wound up, th
company would meet the State upon that
ground, immediately bring the business of j
the bank to a close, and divide its capital
among the stockholders. This Wis aj
movement entirely out of the calcula
tion -of the belligerent party. They
soon found that ihey would make no capi
tal for themselves, by annihilating ihe cap
ital of the bank. Too many of their polit
ical friends were debtors to the institution
to allow of their attempting that operation
If those who had borrowed the bank capi
tal had be?n all Whig", it would have been
a capital thing to bring them up by a short
turn. But, upon the whole, they thought
it better, all things considered, to let the
bank alone, and, not without a good deal of
blustering and a great waste of time, this
anti-bank Legislature at last adjourned,
leaving the banks just where they found
the hi. Whereupon the Stockholders held
a final general meeting, of Which we find
the following account in the last Raleigh
paper, at which they took a noble revenge
of their adversaries.
This, we take it, is the most favorable
accourit for the banks, of the late issue
made (as it would seem) Between Uiem
and the people at the last elections. The
sum of this bank bulletin shows that the
people at the polls decided against their
conduct; that "the loud declamation
against them had exercised upon the less
informed, tho' generally honest people, a
powerful influence in enabling the Locofo
co party to obtain at the last election the
ascendant in the Legislature;" that 'the
Legislature assembled, and, with fi tco re
solve and demonstration of the most threat
ening character, s"t itself about the work"
of redressing the wrongs of which its con
stituents complained; hat the bank im
mediately pntan end to legislative action,
by threatening a disolution, and telling the
General Assembly that "the company
would meet the State upon that ground,
immediately bring the business of the bank
to a close, and divide its capital among the
stockholders." This (continues the Na
tional Intelligencer) was a movement en
tirely out of the calculation of the bellige
rent party;" "too many of their political
friends were debtors to the institution, to
allow of their attempting that operation."
There's the respect
That makes calamity of so long life.'
Bank frauds must be endured; bank tax
atioh and extortion submitted to. Bank
adulteration of the currency, and excessive
speculation consequent on the depreciation
of the standard of value barik Contraction,
and consequent oppression of all classes,
producers, and dealers, and debtors; all,
all must be suffered, because the banks
have their hooks in the mouths of multi
tudes, and the Legislature's dare not reform
abuses ininstitutions established by them, or
rectify the wrongs and mischiefs origina
ting in the policy (political or pecuniary)
of their predecessors, because the creditor
class puts in its veto in advance. It was
in this way that the patrician class at Rome
held the people in subjection. They adap
ted their legislation in such wise, as to
make their order the creditor--the lending
class. The spoils of conquered nations
fell into their hands, and the bddy of the
people became their borrowers; and thus
the Roman people were subdued by then
own conquests.
The American people are" vanquished
and robbed now-a-days by the surrender of
the sovereign power of coining money on
the part of Government, arid conferring a
privilege on chartered classes to make it of
i"!"-') a,u "iius reuuering ine great oouy
of the people their debtors, by lendirig it,
and tdking them fdrits uie.
INTERNAL IMPROVEMENTS.
Report of the Cdriimittee on Internal
Improvements submitted to the Idle
General .fo&enibly.
The Committee dn internal 1 improve
ments, to whom was referred so murih of
the (.overndr's Message as relates to Inter
nal Improvement,
Report:
That part of the Message of the Governor
referred to your committee, recommends
that a Charier be granted to make a Turn
pike Road from the City of Raleigh to
some point Westward, to be selected with
a view to its ultimate continuance, and in
tima'es the propriety, though it does not
plainly recommend the continuance, of the
ame Turnpike East, as low down as
Waynesboroogh. Secondly it recom
mends, that a Charter be granted to make
a Turnpike from Fayetteville to the Yad
kin River, &c; and here, we are given to
understand, that this Road, once beaun.
is hereafter to be continued across the Ca
tawba River Westward. Thirdly, it is
fecom mended that a Survey shall be or
dered to ascertain the practicability of
uniting Lumber and Cape Fear Rivers
by a good navigable Canal, with a view
(as your committee supposes,) hereafter
to construct this Canal at State expense.
Fourthly, the opening of Roanoke Inlet,
and the connection of Pamlico Sound, by a
Ship Channel, with Beaufort harbour, are
specially Commended to the Legislature, as
practicable works, of immense importance:
and the General Government, according
to the suggestions of the Message, are to be
re-entreated to undertake, and to accom
plish them as national works. The Leg
islature has, from time to time, granted
away, to associated wealth, in the shape of
corporations, tne Kivers ol North Carolina,
and now the People cannot carry a Boat
load to market, without paying tribute
money to Navigation Corporations. The
Legislature has, from time to time, grant
ed in like manner, exclusive privileged to
Rail Road Companies) until they have been
stimulated to begiri such enterprises; and,
after exhausting their own means, these
Rail Road Cdmpanies have procured the
credit of the State; and finally involved the
people in a debt of more than a million of
dollars; though in the outset, the Capital
ists who asked for the Charter, professed to
ask nothing but the right of spending their
own money for these works. Had they
proved profitable, the People at large
would enjoy no right but the benefit of
paying tribute to these Corporations, for
carrying them or their produce from home
to a market; but, as soon as they proved to
be a losing concern, by little and 1 i i tie, the
loss must probably fall upon the Stale
Treasury. The Slate had little or no
chance of the profit, as long as there was
any hope of profit, yet the State is to bear
the loss.
Your committee have good reason to
apprehend, that the same beginning of
Turnpikes, by Corporation Charters, will
terminate in a similar way to North Caro
lina. Indeed, your Committee greatly
misapprehend the Message referred to
them, if it does not shadow forth this very
usual second step in their Charters, when
it is recommended to give to the Turnpikes
such aid., as the condition of the Public
treasury may justify.
Your Committee Report further, that
they do not think the condition of the trea
sury justifies our giving any aid at all to
these schemes of Internal Improvement,
or to any of them; and it seems to the
Committee a useless waste of time and la
bor td be investigating the value and cost
of Turnpikes across more than" one half of
the State, when it is known the State dwhs
no funds that can be applied in did of their
construction; and, it is conceded, we ought
not to raise money lor' such expenditures
by taxdtidtt, and when it is admitted, we
ought not to borrow money for the pur
pose, if we could do it, and probably could
not do it if we would.
The Report of the Board of Internal Im
provement, referred to your Committee,
shows, that very nearly the whole amount
of that fund consists of Bonds owing by
people in the extreme Westj these amount
to less than three hundred thousand dol
lars. The Governor's Message and the A
gent for the State Cdncur in the opinion)
that"if the payment of this debt were rig
idlyexacted, the result would be, in many
instances rllin to the debtor, and loss to
the State. Without collecting this debt
the State Improvement Fdnd amounts to
about forty'four thousand dollars, one half
if which is loaned out upon Bonds, if it
has not been already appropriated. Hence,
the Committee are justified in their state
ment, that there are no funds with which
the aid that is recommended can be given
i Would it relieve the people of the West,
to exact of thee Bonds, at the hazard of
ruining them; in order to expend it in aid
of a Turnpike beginning at Raleigh? DoeS
any tine for a mdme'nt believe they would
covet such favors1 at bur hands?
But the flondS, we're they all collected,
are i not sufficient to discharge one-third of
the debt contracted for' Rail Roads; and it
would be absurd td iiy, vVe are.! against
Taxation, dtid against Repudiation and
against loans, and then forthwith, to spend
all the money in the Treasury upon new
projects, leaving a debt unpiid thai must
be either discharged or repudiated, or a
new loan taken to posipone the ev.il day.
Your Committee are hostile to rtepildia
tion, as well in practice as in theory, and
they are opposed to heaping new taxes up
on the people, especially in these times of
distress for money, and, because they, are
so, thev do not concur in devising new
plans of spending the funds at present in
the Treasury, when the inevitable conse
quence of wasting them must be, to sup
ply their place hereafter by extracting juSt
so much more taxes from the people's
pockets.
These hard times, your Committee
think, call loudly upon the Legislature to
spend as little as possible; to take good care
of whit there is in the Treasury, and hds
band all our resources, for saving the hon
or and credit of North Carolina, without
liesh taxes, and, as far" as possible, without
encroaching on the fund that hs been sa
credly dedicated to the cause of Education
As to thai part of the Govrrnor's Mes
sage which proposes that the General Gov
ernment should be again entreated to open
Roanoke Inlet, 8nd open a Ship Channel
between Pamlico Sound and Beaufort Hai
bor, your Committee do not consider it
neceSary to say a great deal. Were it
granted, that Congress possesses the con
stitutional power to make Internal Im
prdvements in North Carolina, it may suf
fice to remark, that the National Treasury
is exhausted the General Government is
already in debt to a large arrio'unt. The
expenses of its administration are greater
than its revenue; the United States are ob
liged to borrow money to pay our officers
and law makers, and would it be patriotic
or becoming in North Carolina, at such a
time, to present herself before Congress,
to beg for what the United States have not
got to give her, and which the United
States cannot get Without raising the Tax
es of the People. Would it be honorable
to our Stale Legislature to declare that we
dare not tax nor borrow moHey to expend
in North Carolina, though we will draw up
large schemes of Improvement to be dohe
in our borders, and entreat or instruct Con
gress, both to borrow and tax, and thus
raise money to execute our projects? Let
all this be answered in whatever manner it
may be, still a proud State like ours, should
be loth to adopt the recommendation, bf
admitting that it would be any infringement
of the right of the General Government, for
North Carolina" to attempt any work of
Improvement Whatever; drl admisssioh,
that your Committee, in jUsiide td the State
ana ner nign's, no not leei ar iioprry io
pass iri an Executive Message, without, at
least, recordingtheir solemn Protest against
the sentiment.
Entertaining these' views upon the seve
ral subjects referred to them your Com
mittee ask to be discharged from their fur
ther consideration.
Respectfully submitted,
W. P. WILLIAMS,
JAMES STAFFORD,
JOSEPH ALLInON.
W. S. LARKINS.
Trouble among the Indians. The N.
0. Picayune of the 14th inst., says: 4By a
note on the manifest of the steamer Trid
ent, arrived last evening from Fort Gib
son, we learn that Wild Cat, one of the
Seminole C hiefs recently sent west of the
Mississippi, has declared war agiinst the
Cherokees."
The wild woman --It will perhaps be
recollected that about a year and a half ago
the St. Louis papers gave an account of a
woman who had been discovered in the
woods near that city, almost naked, and ap
parently quite wild. II appears that she
had lived in this manner until lately, when
the severity of the winter drove her to a
human habitation, and there, being much
exhausted for want of food, and badly frost
bitten, he expired.
Previous to her death she became quite
rational, and gave the following account of
herself, which we condense from the St.
Louis Organ:
She was born In N. Jersey, whence
with her parents she had removed to Cin
cinnati, where they lived until she grew
up to womanhood. A young man whom
her father did not like paid his addresses to
her, and they eloped for St. Louis. At
Louisville he pursuaded her to take lodg
ing with him as his wife, promising to go
with her to a clergymanand get married in
the morning. He lefi her in the morning
to go for a minister and never returned.
All day she remained almost distracted
wi'h fdar for the safety of her lover whditt
she could not think hid abandoned hfer
but finally she learned that he hid taken 4
b'iat going down the river in the. morning.
The shock to her feelings Was so great that
she fainted and Ml in the street. She wis
taken up by some kindly-disposed perarirt
who, as soon a she recovered, paid her pa1
sage back to Cincinnati.
Her heart almost failed her is he ap
proached her home. She could see her fa
ther's resilience as the boat passed along ub
the rivt r And it was hef intent idn td go di
rectly home, and throw herself upon irle
mercy of her father and mother, and tfH
them how she had been deceived. On ap
proaching the door of ihe dwelling there
appeared to be an unusual bustle in the
house, and on entering it she saw her fa
ther lying dead upon the floor. The old
man had heard which way she had gone,
and took passage on the unfortunate steam
boat Moselle, which blew up at Cincinna
ti, and being one of the unfortunate sufiei
ers, the body had just been recovered end
brought home. As soon as the mother sar
her -there," said she, -ihere is your murk
dered father. " She ran from the housj
but not before hei4 mother's curse was upott
her. She says it rang in her ears for mal
ny a long day and night aS ih6 wandered
through the woods.
It was then summer and at times severe'
hunger would induce her to gd ntar the"
habitations of the people as she wandered
long through the country, and at one tim6
she slipped in and took the hoecake front
the fire while the farmer wife was gone ttf
the spring at other times she caught ilife
fowls frm the fence arid devoured therrt
raw. rloWShe lived so ldng, she is una
ble to tell, but berries, nuts, fruit, and such
game as she was enabled to Catch, has beeti
her food, and for two winters she lived in
an old deserted cabin on the banks of fhe
M issouri. She filled it near Ijr full of dried
leaves in the fall, and would creep into the m-
in cold weather. Somebody burnt ddwn
the cabin last fall) with some little stores of
nuts and dried fruit she had laid up lot
winter, Sincfe which time she has been sleep
ing in a large hollow tree.
She says 'her clothing being almost n
tirely gone, the cbld was Very severe, khd
1 thought I would come to a house and get
them to bury me. How I have suffer
ed no human tongue can tell, but 1 had
made up my mind to die in the Wild woodsy
and never again to suffer a human being to
speak to me, but my resolution failed, and
I am indebted td the kindness of this poof
family for What little comfort they could af
ford me on my death-bed."
Pittsburg Chronicle.
The forte of True Love could go ntr
furher. Mr. Jonny O'Cdnnor a mail
of no honor, Went out with Miss Brady, a
nice little lady, and treated to brandy, and
sponge cake and candy, and more things,
so dainty, and kises in plenty. But at
length the sad fellow, grew awfully mel-
low, and as he was walking, and kissing
and talking, with pretty Miss Brady, tho
nice Utile lady, a purse full offrhino, (f
wih it was mine, oh!) he whipt frtm hef
pocket, and clear'd like a rocket. But soon,
he was taken, while tracks he was making,
and lodging assignM him, where justice
might find him. But the maid on the
morrow, came forward in sorrow, her Ut
tie heart heaving, and iears her eyes )eav.-j
ing. and beggd that his honor, would piJjf
poor Connor, to which he consented, as.
Connor repented, when off went the coup
le, with limbs mighty supple, and left us
presuming, that a maiden so blooming,
he'rself to a life of much trouble was doom- .
ing, for J hnny ihe blockhead, whopick'd
the maid's pocket, when married I'm think- '
ing, will Whip her like Winking.
A! Y. Morn, Chron.
Curious Divorce case.' The corres
pondent of the Newark Advertiser gives
the following sketch of a divorce case
which came before the New Jersey Legis
lature at its last session and passed the
House.
The application came from the hus
band, and among other charges he said she
was too familiarwith a young gentleman,
and drank stviTrePand played cards With
him. After the documents were read, a
letter was sent to the Clferks table which
had just been received from the wife. She
said she should not oppose the divorce,
but the bill ought to be changed so that She
might be divorced from him. She was
married to him when very young, and'in
about a year she found she had mistaken'
her man. He could afford her no pleasure, .
and she sought it elsewhere for pleasure .
and happiness are the aim of every one ;
and if there was any gallantry in the Leg- .
islature, she thought they would change
'he application, and divorce her from, her
husband "
Great Law suit. The trial of lha .
great cases of the United States against lljQ
Bank of the United States, invol ving over ,
a million of dollars, was commenced in
ihe Commercial Court of New Orleans" otv
ihe 23d ult.