Newspapers / The People’s Press and … / Dec. 7, 1838, edition 1 / Page 1
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I i 1. -j- 1 i I- PUBLISHED EVER Y FRIDA Y MORNING. T22XU30. Tbre Dollars per anmcm, is advance. AbVKRTISKBIEMTS i Not' exceeding a rtquare. inserted at ONE DOLLAR! the first, and TWENTY-FIVE CENTS' for each ubseJ i qoent insertion. . No Subscribers taken for less than one year and air who permit their subscription to run oven n year, without giving notice, tire considered bound' for the second year, and to on for all suc-i eeeuing years. No paper discontinued until all arrearages are) Daid. unless at the oDtion of . the Editor. -Xr- OFFICE outh West of tho Town Hall, one! door from tne corner. .1 vnx.tasxta'roxr & iulifax EXPRESS LINE, TIIE M03T EXPEDITIOUS AND COMFORTABLE BETWEEN THE NORTH AND SOOTH. TmRAVELLERS going North or South are LL respectfully informed that the WILMING TON-COMPANY have already 80 miles of their Railroad in operation ; the staging, which is now only 100. miles, will be reduced ten miles per month tor the ensuing three months. . From and after the 10th day of October, this line will be daily from Garysburg' (the intersec tion of the Portsmouth-ahd Petersburg Railroad to Wilmington,) 1 and four times' per week be tween Charleston and Wilmington, j 1 'Travellers, by observing the following direc tions, will meet with no delay : GOING SOUTH VIA RICHMOND d PE- -. tersburg', i ' Leave New York on Mondays, Tuesdays, Thursdays and Saturdays, at 5 P. M. -Leave ' ' hiladelphia on Sundays, j Tuesdays, Wednesdays and Fridays, at 7 A.. ML ' 'Leave Baltimore on Sundays ; Tuesdays, Wednesdays and Fridays, at 4 P. Mi Leave Washington on Sundays. Tuesdays, Wednesdays and Fridays, at night. I Leave Richmond on Mondays", Wednesdays, Thursdays and Saturdays, at 10 1-4 A. M. Leave Petersburg ori. Mondays, Wednesdays, Thursdays and Saturdays, at 12 M. - ; Leave Garysburg on .Mondays, Wednesdays, Thursdays and Saturdays at 5 P. M. GOING NORTH VIA PETERSBURG f L RICHMOND, j v Leave Charleston on Mondays, Wednesdays, Fridays and Saturdays, at 5 P. M. and continue through to New York, without any delay, via the Elalifax, Petersburg, Richmond. Washington, Baltimore and Philadelphia Railroad.! This l:ne also connects with the Portsmouth Railroad and the Chesapeake! Bay Boats to B attimore three times a week, and twice a week with the steamboat Columbia, from Portsmouth to Washington City, viz. j GOING NOR TH. VIA THE j CIIESA ; PEAKE BAY BOASTS. 1 Lcav Charleston on Mondays, Wednesdays, Fridays and Saturdays, at 5 P M. and proceed without delay to Portsmouth, and take the steam boat for Baltimore at 3 1-2 P. M. on Wednes days, Fridays and Sundays. GOING SOUTHx VIA THE CHESA f PEAKE BAY BOATS. Leave New .York on Sundays, Tuesdays, and Thursdays, at 5 P. M-by Railroad to Philadel phia. -. - Leave Philadelphia on Mondays, Wednes days and Fridays, at 7 A .M. by either the steam boat or Railroad Lines. Leave Baltimore at 3 l-'2 P. M. on Mon days Wednesdays and Fridays. Leave Portsmouth on' Wednesdays, Thurs days and Saturdays at 8 1-2 A. M. and take the Wilmington and Halifax Railroad Express Line on the same evenings, and proceed directly ,to Charleston via Wilmington. inrvfi Mnnrrrr ry THE STEAMB6at i COLUMBIA VIA PORTS MOUTH. Iare Charleston on Mondays, Wednesdays, Pridavft and Saturdays, at 5 P M. and pi'oceed withoutdelav Porumouth and h"")! JXn&y"t VM " ! GOING SOUTH, BY THE STEAMBOAT i. COLUMBIA. , j Leave Neto York on "Wednesdays and Satur- days at 5 V. M. (via steamboat or Kaiiroaa,j iki.i, Pk;i,utnh;,nH Raitimrtri. nd arrive at Washington o!; Sundays and Thursdays. Leave Washington on Mondays and Fridays, at to, A., wi. ana arrive at rorismoum on ines-ji day and Saturday mornings, and take the cars Wednesdays na Saturdays tor uarysourg, anq proceed direct to Charleston. i h ' Office of the Wilmington St Raleigh Ra ilroa.t Compaoy, Wilmington, N. V, Oct. 1st, 1338. , - v x 145 tf TO THE UOHTH, ; ... A . 'j r l T-:i- J The Porumouth'and lioanoKe nauroaa, AMD CHESAPEAKE BAY STEAMBOATS, -T! iinATTin r Ann TM' f il IHROUGH from Weldon. JN, V. (the northern end of the WHmingtan and Halifa nrnA ,n ri.;a, ; on hn..r,without Jravellino by RaMroad after sundownwitlmut joss oi sicep wun out one cnange oi o5S6'5 at icm cauciisc uma oy any oiaer inianu ruuic, i nd tcvntt Hours earlier- therrhv hiirinv 11 connexion wun me morning line irom paitimore w ......... . -uoskiieu. will arrive in 37 h6urs from Weldon, and 68 u rrnrn nii.ruinn s c .-i.-.i i. J done by any other inland route. j : O-Leaye Weldon everv Sunday , jWednest W:W:Jxn,rt' and M?ndr f t noay wr , w HMaa Af tnA S JSm D Potumouth. v.. ace 310,1838. ; -W-TiielIalifai Advocate, Milton Spectator,! r ZTm .1 U Reporter, AUgusia nronicie, eavan- ' d - M 1 1 " nah Georgian, anu - : - I Pk.rlactnn iTrtiirtMr will nti notices of the Portsmouth 5l Roanoke Ril road. i mLimn hnu uiHfUiiiinua ait iniici nf th Wilmington & Raleigh R. R. Co. IM an ordet .? V.ii.h Rilro.d Company, Wilmington jUn flt , "! jii.vo ah ih .h&K. !fi Kwitired of the Stockholders of said Com- .W;;V or before the 1st day of Janijai v next; nanv. on or dcwhj ALEX. ANDERSON, MESSAGES To the. Honorable The , General Assembly of N C, Concluded My preferences are with the Banks of the States; and I ask your attention, and your consideration of my reasons Their permanency isnn important recommendar tion. The first chartered Banks in the country, are yet in existence and in good credit, and no one, within my knowledge of respectable standing; has ever been re fused a re-charter, when applied for. National politics have never entered into their management, and their contractions and expansions can never effect the busi ness of the country, lika National Bank of large capital, ramifying into jmany States. A considerable reformation, al teration and improvement would be ne cessary, however, in order to make the local Banks meet my views. They are at present too numerous their capitals. generally, too small, and the variety of their notes so great, that it is almost tm possible to fix upon the memory, the cha racters of the si. natures'anq vignettes, so as'to avoid the danger of forgeries- Some of their locations are inconvenient as de positories, it will inevitable lead to rivalry and dissatisfaction, jealousies, and im.r, than all, tc a depreciation of the issues of the rejected Banks. I propose then, that our State lead the w;ay in the reform of our Banking system, and respectfully recommend the chartering of a Bank with a capital of ten millions of dollars. allowing the existing Banks to subscribe all their capital stock into it... The re maining stock to be taken by individuals: into the details of which, it is now neces sary to enter. The State to transfer all its stocks and undd to the Bank, and to offer its servi ces to the Federal Government as a de positoryof its fund ; ,the safety and forth- coming of which in the kind of money aeppsitea, to be guaranteed by the State in such manner as shall be satisfactory to he ueneral Government, and in the event of the Bank being unable to meet the payment of the deposits of the General Government, the State to issue stock for the amount in favor of the Government, bearing 5 per cent interest until the Bank is able to resume payment. For these services rendered to the General Govern-ment-j the notes issued by the Bank to be received in payment of all its dues, and on thejurther condition that the other States prepare their Banks in " like man ner, and for like purpose?, namely, That each State and Territory shall designate by law one Bank, and more if its trade and necessities require it, of capitals not exceeding ten, nor less than two millions of Dollars, as its own depository and the depository of the General Government, and if requested by the President of the United States other Banks for that pur- pose ; a second Bank however in no case to be chartered or designated until the capital of the first, which shall be the maximum amount, shall be entirely taken and so on to third, fourth and fifth, when necessary. The note,s of all the Banks thus made depositories, to be engraved on similar paper and to resemble each other as nearly as possible. Each State shall designate.to Congress the particular Bank tendered as a depository, and the accept anPtt hw thi General Government shall be under an act 6f Congress, and all their intercourse regulated by law. If any State refuses or neglects to come into the arraQgeinent tne money conecieu in sucn State bv the General Government shall , trntrftl in a denositorv of some &e transierreQ to a ueposuorv oi some other; State, nor sha.l the money collected in the refusing State be received in, any thin2. ut coin : ' Thus fostered sustained and patronii- ed by the General Government and guarded by the supervisory poweY of the States which guaranteed their fidelity, these; institutions, I have no doubt, would afford as near an uniformity of currency and of exchange as by any possibility n;., ...ok hmh mnrtinns ton.' rinitfli: ii w iiuv t - r- - - - I. iti i . J : .u: i i- I ISIS WOUia DP mauceo to luvrsi tueir iiiHUS r - r- with nlflrritv and confi- ill' a J . L- 1 t f tliMi. i not it.,. Hons irom ine creuit icmca , . r.i- tc;i wou.u c. cuiate u I as to enaoie tnem 10 supply iuc amuu.ns I necViiary for all the legitimate uses of j Country. 'An inrrease OI oanKinu tuuivai i Cr i rtainiV necessarv to ur .i nHndrv Ann in nerieci iuc wa . " J' . Ii Z,J. MmmMi ,rL- nf imnrovement alreadv commenc e(J t0 say nothing of Other works equal ly 'Urvin made. But unlets tom? rint be effected to convert the . j-.-- . I . A I 1 l . 1 . a W CM HTM I VJU V" ?nt in.n fltvn: ,a lhe State bank ng m i-KrfPr Ranks, but 1 IIJMILUUUIIS. WUU V " ' ' A, i j.-J. hi7Ard i ( ... . i I CaDIvnllSlS Will nOl OC II1UUK w ' To borrow money, as .some of the kur.. ijii nun . i iin huvk. tal tor the tal for their Banks is idle. If the Sub- it established,, bank notet in- I of ueloln li inde so limit? d that thf y i tv ill find' it hazardniiK if nnt mnratii'aKli' I la lMn 00t more than thei r capital, and thl nrofiu w: insuffictent to tusiain . iui oi an anxious re flection upon an intricate and all import ant subject, and it affords the only proba ble outlet which has occurred to mei of extrication from our financial difficult es. I have attempted nothina mor ihJ , general outline, of the plan ; its details, should you'deem u worthy your consitie ration, can be arranged at your convehi ence. The subject is so important, thai I must crave a fewi moments indulgence in makinga further j brief illustration of it. I hare said that the intercourse betweln the Banks & General Government mist Deregulated by law. There must be tio controlling or discretionary power ;n the officers of either Government. We have already seen our institutions seduced irito measures, for which they were subV quently condemned by thn authors of iheir errors. The States all have, tl is State; at least has, aLdeep pecuniary stake in two of her Banks & a yet higher inter est than all, in he character they sustain, and in the acilities they afford "the farm er in selling and the merchant in nur chasing commodities, and we must not ajl low them to become the snort or t he vib- tiin of any power;. 1 1 hey hold their righls unuer the same sacred guaranties which our lands and other property My s held, and any invasion of them shod be promptly and iriditrn-,.ntlv res sted -They must not be made the tools of par or the vic'ims of demngoaues. and heoq I would haveheir intercourse with tile Government strictly regulated by ptatutp. i nave inniieo tne capitals of these Banks at not less than two or more thii ten millions of dollars No Slate or Ter ritory will require less than the minimum and few should exceed the maximum 4- mount. The one is hirse enough to in sure respectability a nd usefulness. T he other could not exert such power by con traction or expansion of its discounts as seriously to affect! the business of the Lcoumry. or the value of property; arwi guarded and restricted, as I have" propos ed, there could be no danger to libertk' or the union if , The respon?ibiUt of the States is pr is prp st ui- posed in. or er to anord the mp t ' W I quessioned security to the depositors arid note holders, and to remove all distrust from the General G vernment that it maiv embrace the proposition at once and set this distraciing quesiion forever at rest 4- I he States would incur no hazard in their guaranties as no iBank of respectab e size has ever failed to pay deposites and : , l . .u..: "..1. u i J !. issues, iiuucvcr ineir fiuihiiuiuria may have fared. But the State isto retain the supervising power, and may so exercisejit as to make her security as perfect as she desires. In cases of emergency we have seeti several of the States promptly com ing forward (as they should do whenariy important interest is involved,) to the re lief of'their Banks- by'the loan of their credit and funds: Prevention, howeve-r. is better than cure, and the plan proposejd, will, I 'think, obviale the catastrophe.-p The guarfcnty having been gi.ven, the is suingr of the stock merely points out the modt of settlement jn case of failure, arid after all it is but a financial arrangement, giving time to the B?nks to wind up thejir affairs, if necessajy, and protecting the people from a rapid and ruinous pressure in the collection of their debts. j The larsresize of these institutions arjd he enhanced value.of their issues would soon drive out of circulation the notes pf the lesser Banks and compel ihem to wind up by limiting tneir circulation ano returning it on them for specie. So that n the'end the great evil of numberU'jSS small Banks with i insufficient capital, would be remedied, and !h,e whole nujn ber of banking institutions in the countjry woulcl not exceed that of the U. States Bank and its branches. The use of sirhi- lai kind of notes and the issuing them onivirom tne priutuni umi vuuit ui- press them upon the memory render the signatures and general character of the bills as well known as inose oi me United Slates Bank and thus facilitate heir circulation, arid diminish the chan ces of forgeries. The receivability of these notes in pil the dues of the General Government, throughout the Union, would render it the interest of the Bank to keep excnaiigrsj. fair rotes, to prevent the colle tion and accumulation oi tneir notes m i-..i".--- es at points where trade hs a tendency to concentrate, and the States may inter pose ttatctes ( in the stead of cotnpetitMn; toward against over btuea. Indeed, sphere of competition, if there be any good in it. will only be enlarged. In stead of the several Banks of the same State1 vieing with and narrassing eacn other; the rivalry will be between j he Banks of the different States, anu mry will more effectually and uniformly keep each other in check and order, whilst at ,.,;n hm thp full uje and cpn- centrated vigor of all our capiul. A Serious obitction urged againttt Bank of the U ST was the large amount of money wielded by one set of men, ejna- blin them to contract or expanu jiu anrf ihin tn one rale uoon the k.;n and nolitics of the country. nu:. kiin in tnv est malion. bold m.irh more strongly against the Mam moth Institutions now becoming common .t'th- Mnith and free of the restraints I hare proposed. The Bank of the United J -I : States was responsible to and controlled by Congress for her acts in all the States.-! But these institutions 1 holding charters from the States canjonly be controlled by the power from which ihey derived theu being, and this poorer will never be exert ed except for acts injurious to their own citizens and improper within their own limit. Beyond tjieir limit, in other States they are almost irresponsible, and their conduct will be marked by the wanton abuses of the most unrestrained despotism. If you? require illustration turn to the Pennsylvania Bank of the U. Slates dealing in cotton and local Bank stocks, appropriating alir bst exclusively ine iraae oi tne crreat staples oi me coun try. Pennsylvania jeilher could not, or would not'control he!r; and without some further restraint than lhat of the Stales, we will again see thft legitimate business of our merchants wrested from them and the country driven lb deal in a depreciat ed currency, and the occupation of the m tc ha nts superceded by)the agents of the Bank. I If facts were necessary to demonstrate to you our urgent need of more - B.mk capital, would direct your attention to the European markets, overrun with our explications for loans I would ask you to compare the amounts profitably em ployed y our sister Slates, pssesing natural advantages requiring iiiiprove inent, infinitely interior to our own. vviih the amounts emnWve!l bv us. N. YiU a little short of Oiir i ''ei rttonai t-xifMt in 1790 had iess mimbejr ol inhabitants, s:ie adopted the usr of Bnks. a n.i we dui not. ir a number of years. I loUU she sur passed us in population, sne inxrreaseu her Banks eommeiisuratelv to her wants ana iniproventents, we djd not, and she now numbers three times pur population. Be sides other and valuable improvements she has finished commenced and chart ered canals and Rail Roads 3833 miles corns nearly ninety njillions of Dollars bora more particular exposition oi tne iidvantioes derived bv that Stat- from her appto. nations for Internal ImprnvementS. I submit to you the documents marked L, and U, R ports oi. Coriimi tees o the Lt gisUtiire of that. State, i-oininuiucaied to me in my Executive capacity. b or the benefit and protection wnicn thu Bank will enjoy from the State, it should make a subscription to the Yad kin and Fayetteville JiaiJKoad stock of a half million of Dollars. ! Agriculture as the basis and support of ail other interests in the most important, and merits your most deliberate conside ration. The landed hroperty of our State is held in too light estimation, and o ir at tachmentSsto the soil hangs too losely about us. The places of our birth and early recollections the theatres of pur mnly struggles, and mature associations; the very grave yards of our fathers inspir no abiding attachments, but are sold and transferred with lesjs emotion than are the brutes that graze! upon ihem. Prema turely worn out by a loose und mint. us system of culture, our lands are parted from, without regret and; seldom dr-scend to the third generation. I This indifference! arises, no doubt in part, from the abundance of our land and the temptation presa.flfd by richer soils in climatts more congenia to the favorite production of the day. Cotton. But in a greater degree to our laws, affording to this primary and j paramount interest, no preferences or.advantages ovei others It is your duty as Legislators to investi gate the causes and jto provide the reme dies if in your power. Might not this end be attained, (in part at least) by securing to 'every family in proportion to their jnumber, certain por tions of land imniedjately around and in cluding their dwellings against all claims subject during trie life of the owner, widow or unmarried daughter, to their control and support, and afterwards to descend to the eldest, married child, who has, offspring, and sp on forever. Liable however to be sold at ail time? by the pro prietor with the content of his wife, By this means an asylutn' would be afforded under every contingency: for the family; and widows and orphans,; shielded from the degredations and sufferings of want. Owners of estates would here nnd induce ments for systematic and permanent im provement emigrants to; purchase and locate among ns. filling up our too spar.-e population and enhancing the value of our too depreciated ioil. Much may doubtless be effected by an improved system of husbandry, under pro per stimulants and inducements.; it we turn for a moment to the improvements succeksfully achieved in Massachusetts with decidedly inferior climate and soil. our doubts will be removed.: She greatly outstrips us in our peculiar interests. In proof of whichi allo w, m to refer you to an agriculture survey recently made in lhat State? marked B and to valuable in my estimation as to; induce me to recom mend that a similar survey be authorized in our Sure. But gentlemen, it is only tp a liberal and well digested system oi Internal lm nrovement that we can look for the regu lation and permanent prosperity of our Stale. Our towns are small, our markt distant and difficult of access our water courses for purposes of navigation, nato i i j tally indifferent and wanting improve ment, whilst our infant mitiiufactories are struggling for existence against the ma tured and mighty workshops of Europe and New England. We have no branch of enterprise sufficiently .advanced and powerful io render assistance to another. It is in truth the lace of imbecility and poverty the waste of n6ble energies in detached and single handed enterprises. Furnish butcapital, and means of Improve ment, combine all our resources, and di rect them judiciously to the development of our advantages, and you will find that we have the materials of a great and weal thy State. Our water courses are incom parable for propelling-machinery. The earth teems with inexhaustible mines of rich ores and minerals, and our popula tion characterised byrindustry, prudence and economy. But temptation is around them, the stimulants to emigration are al most irresistabte. . Most of our sister States are engaged in magnificient schemes of improvement, offering high wages to the mechanic and laborer, whilst the South-West invites the Farmer with her fertile paradise: Have we then any hope, any alternative but in a continued and vigorous effort at general improvenent ? We must ameliorate the condition of our people, and we must sti mulate their home enterprises or be con tent. to lose with ibeir wealth our belter population, j lie system of improvements adopted hyour last L-gislature has given einpioyuient, to "many, and a show of acli- v.ty ami business, producing a most happy leudeiiey. I beli. ve it is only necessarv to push forward these works and tooiigi- nate others equally and obviously neces sary to change the whole face of affairs, and give a new character to the State. In April of last year, the Wilmington and Raleigh Rail Road Company applied, agreeably to law, for the subscription. of the State of 2-5 of its capitol. This sub scription was imde by 'the Board of In ternal Improvements and the first instal ment was paid.. Since lhat period two other instalments, the last in , the past month of October have been claimed and paid, makino the total sum ol. four hun dred and fifty thousand dollars, paid by the State and on the pan of individual subscription five hundred and sixty six thousand five hundred and eighty seven dollars und filty cents. I will here take, occasion to remark, that by the law as it now stands it will be difficult for the com pany, without acting with great harshness towards some of their individual sub?cri beis, to claim the fourth instalment from the State. The law requires that indivi dual subscribers hall first pay their in stalments of 25 per .cent, before the com puny can claim tne same instalment from the State. As a matter of caution, to pre vent the use of the Stale's funds without a faithful payment on lhe part of individuals, the rule might well be appln d to one or even to two instalments, but it would seem to be mure just that the payments should be made ' pari passu." The company howtver have collected 75 per .cent, of lhe stock. Tiie collection of the last instal ment.lroin individual subscribers, muM necessarily be alUudtd with increased difficulty ; and if evrn one share remains unpaid the company cannot claim that in stalment of the Stale, whicb may embar rass the company nd check the progress ol the woi k. Many cases may arise w here it would be unjust and exceedingly un pleasant to enforce payments from indivi duals who had faithfully paid up 75 per cent, either by a sacrifice of the stock or of other property, and the company will certainly be driven to this alternative, which I am pursuaded was neither the wish nor the intention of the State, with out further legislative action. I would recommend therefore, as an act of justice, the passage of a Resolution instructing the Board of Internal Improvement to pay over forthwith to the company, the fourth instalment' out of any funds in their hands. In patronising this work, it was pre sumed that the General Assembly intend ed to be governed by principles of justice and liberality And it is upon these prin ciples that the Board of Internal Improve ments have regulated, their intercourse with the company. The work has been pros?ecuted with untiring vieor . Ninety miles of the road are now in use and con tinued by stages and steam boats of the lesv description, so as to afford an admi rable route of travelling from lhe Roanoke to Oarlt ston. The remainder of the road is under contract and will be complete next yestr. The other road? which were projected. and for which the General Assembly con- ntnd t.i .uhacribe a like proportion of the eaoital, have made no application for - . : rl I. - th Rial' subscription. i or reason uaa never been communicated to the tsoardof Internal Improyerhents, nor to the Ex- eXCUtlve. H may or- luuim, uwr'ri, nrnsurar. in the inability ot .be compa nies to fill UP tbe subscriptions to the re- nnired amount, although to oneaconside- rahl subscrintion was made. To tbe other, nerhaps nothing. Don bt I ess thf eiuteot on the route of the Cape Fear and Yadkin Road, and1 those interested in its accomplishment, strained ererv1 nerve to bring about so desiiable a consummation, and though not success- folly, still the merits of the route are not impaired, and the interest of tha State, and particularly qf its : westerat section, demand, imperiously, V com pletion, to connect that .rich and valua ble interior with a market, and a 3 a port within our own State. At my particular request. Major McNeil, the chief engineer; who surveyed the routes of the Cspe Fear f and Yadkin Road, favored me with m sigh, of his report, which prove not only the practicability of constructing the road, . but at a cost which can be remunerated to the proprietors. I would, therefore, re commend a renewal of the charter, im powering the Board of Internal Improve ments to tubscribe on the part of the State, for three -fifths, or even if ncccessarv, . three-fourths of the stock, so as to insure the accomplishment of the work.; Nay -so important do I consider it. f hat J had. said for all the stock, if nrCfuary but for the paramount necessity of associating with the State, interested snd judicious citizens to superintend the deTailsi and at tend to the execution of the work, r.-hich is certainly within the means of the State, probably without the necessity of bor rowing. Should the Bank to which I have referred, be put in operation, and make to this road the subscription of half a million dollars, and should the fourth instalment of the surplus be received in January next, which ia probable,! as the law direciing the distribution has riot been repealed, amounting to 0 477.919 I Sets., with the proceeds of the sales of the Che rokee lands, say $ 330,000 being appro printed to this purpose, with what indivi dual subscription may .be obtained, the funds would be provided. It appears to me as a matter of right and justice, to give the proceeds of the Cherokee land sales to opening a communication jto that -section of the State whence they have been derived. . i ' There are other works of no lets im portance, in which I had almost taid tha salvation of the State requires that sha should promptly and vigorously engage. . On our west an effort is making by South Carblrna to cross our State by a. rail' way, to secure to Charleston the produce of that ferule region, whilst the establish ment of her South Western Bankwith . a Branch in our limits, not only insures the success of the first enterprise, but py superceding the circulation of our Bunks. destroys our currency, and controls our credit system. The lanpuape q( the ; friends of this twelve -Million Bank, is ''that if will be to the South. Western Sta es in currency aad exchanges, what the Bank of the United States was to the Union." Should South Carolina succeed in carrying out her views as to the curr : rency. and as to a South Western Com federacy (or league) our fears cannot be bounded by mere pecuniary loss; We should be driven to trade with Charles ton, and to cherish sectional feelings un til our attachments to the Union itself would berome impaired. We cannot serve two masters with equal fidelity and attachment. Should no counteracting measures be adopted, on our part, I should? fear that she would succeed both in direct' ing our trade and superceding our cur rency. . The. Bank I have proposed would rs . move the latter apprehension, and to re riiedy the former, 1 would- respectfully propose the construction of a Rail Road from the head of tide water on the Cape. Fear River, commencing in Bladen Co., running west and flank in f.Souih Caroli na a near as possible, passing through Robeson, Richmond, Anson, Mecklen? burg, Lincoln, and into Rutherford, and if experience justifies .it, further still, into Teneessee, and, to the thores of the Mis sissippi. This road would intercept the produce mde on the" north of its line draw no inconsiderable quantity from the contigu ous districts of South Carolina, jnd deliv er it to a market of our own on the Cape Fear. The travel on. this road 1' have no doubt would be considerable.! Per sons on the Louisville, Cincinnati!, and Charleston road, bound north, would un questionably take this route.' avoiding thereby two hundred miles of travel, and a sea voyage. The country, fromj the Cape Fear to Rockingham in Richmond county, on the Peedeesome eighty five pr nint ty miles, presents the, best facilities for a rail road of any in the States. Its sur face is level and abounds in timber of the first quality there is but one stream to ; cross Lumber river and that of no magnitude, in the route. This road would be of immense ! im portance to Wilmington on the Cape Fear, already one of the best markets in the world for lumber, and for furnisbtnr car got a of naval stores, adapted to tha iitw iiwia iiiaiKcia. ine return rear goes of West India produce, redundant lor tbe hitherto demand, would furnish supplies to-the interior on the best terms: Tbe Cape Fear Rivr is navigable! for any size crafts to the point indicated as the starting; point of the Rail Road, .and below Wilmington as far as tbe outlets to the ocean, has been and is now g real'7' improving under the operations of tber U States. Its depth, breadth and straitnesa have all been increased, and if now aforua full thirteen feet of water on ita worst sho I. which is progressively dee Wing. The New inlet bar, itis confidently oelier ed from obeerratiane upon tt, ia capabia 4. A' -1 Hd.tr Prmdprot4wt. v theraL The suggestions I have made to
The People’s Press and Wilmington Advertiser
Standardized title groups preceding, succeeding, and alternate titles together.
Dec. 7, 1838, edition 1
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