V
RALEIGH, IT. 0. WEDNESDAY. MAY 31, 1037
THOMAS J. IXMAV, -
, , , - -;u. ii II V 4 1 i
- I r si
J" ' , ic persona lesiirrwlwnhtrntthis
l"''0"" ' n k-eoia auhaeribera.
will bstrie"7"l r- ----- -
" . -r.k.ear'aeubserIitionia advance.
(liniwi)-'; . . -
reais.TS, ot" eieeeding fifteen .
" . . . - t -I..!!-. Ulll.
imr1e lurre i
tr .f, t cents lor eeeh eonlmonnee.
Lcrntes to the F.ditor mutt bo post pan!
HATE JCST JlECEtrED.
A few rears fine, Mack fc Wtme Hsuvs liars,
weighing only four ounce. AIm, fane trim'
med I'aLxtrrrn IUt. .
Haler-h. May 3 13
FAINTS, OILS, At. .
TW- Aseriber have "Just reeeired from the
KorlhrtWII foplitj"; f the aheve tuttelea, eea
Sitting of t - .,...
While l.f"l .
))r , -loi.Fvniid' in OM ' ' ' ' " -
- Meet .ed ' -," 'Vi'.,j . '.,..
- - Spanish Brown - - ' "
o lrt (.round in oil .
Yellow Othre
l0 iln Gronail io Oil
JVeaaiiaa ..ItriLasra
Terra lbs Simna
Lamp llk -'
Tarkrjr Umlr..
fphita Torpcalint
t.inaeed Oil
Coiml anil Japan Varniihee
I AB3Srtiltl.lWl :nnlTt..rfiwii.lvtnm;
T. S. IlKCKrtl l ll k CO.
ItaletKh, April 1 2, IHS7. : 16 tf
lt, 1. . , - - 1 r
SI in CoMituonrae' Orrict,
' Aran. 94, l37. $
SRVLF.I) Pn0rO3ALS for the tnpply ol,
I Wains ami Keelson Timber, and proroiaconut
t'nulwr lor one frigate, to be delivered at the j
Niivf Janl, tiospi.ri, vs., win be received until
o'clock V AX. iA the 1st day of July neit on
iter the adverlleement of ! Mareh last, in a!-(
Hit ion In the olhvr limber therein apecifled, and :
' tulilret tn all the nrevitton- rd hf adtrlise
meat, wliieb reqneata proposata animno tat nay .
-TnirSlishedtwiee a week nn.i. the iJ
r June new,. Jn the National JntrlliEcneer.
Globe. Rattrm Atju, New Hampshire Oaaette,
llostnn Morning I'ost anil Commeteial elt, -
New Yoik Timea, New Ywk F.vening I'nat,
Trenton F.mpnrlilin, I'enns) Ivanian, American
Sentinel, Kiehmnntl f.quirer, NmlolK Herald,
Italeigh Star,- Charleston fall tot,. Georgian,
I'ens.ooU Gaxeltr, Louisiana AUvertiaer, and
Mobile Register.
April Vfiv 19 9w
VIE HILL. ACADEMY.
Tim Trustert of ibis institution, take nlea-
nre U announcing to the pnblie, that they have
nroeured eompetrntT-eher, under whose ili.
iretinblhe achool will aommene. on Monday "'"V" 'V? ,? V-n . U-
tlie 1 7th July next. The male department will to the College, ..I he entertain the
he nnd.irs.he charge of Or. William Flmt. who opinion, that UpOIl ever principle b
kringi-Uw mostaatuiariory teiiimontala of his .wj,jch. f nlishtened patriotism eafr be
nimal worth, scholarship and prictical ciperi-, . 01 , I . ,
enee.aa teher. ' . supposed to bo influenced, the have
The Female deptrlmeni will be ennilneted by right to tk this much of the intelli-
Mi.. vi.tii.i. 11. Rowan, WT gence of the Slate, and the wish to be
commended by the Principal of the Female c , , .' J ,
Seminary it Sthrneetada, and the Hrnfeasnra of ConSiJeFeU aJ Wklgripre!r-ll the
Marlon ldlege and others at a young Lady of claims Tof th TUniversfl to public paf
finished Mwhi, .Vr""'"' riTll-'t fonage ""not be sustained, on a fir
tv ol disposition and discipline ol mimt, hwn . . , , .. ,
imirahiy qMy her lor the duties ol an in examination of the comparative ail
stmetress I vantages afTonled b the most resnccta-
in mv miiiv tK;iriHim .nw ii'iimii lur h w
aion of five mnniht will be as follows:'
Spelling, Reading, Writing, Grammar, Geo
rraphf, Parleys hilory and Arhhmelie, $8,00
Latin and Greek languages, lihelorie.
. i- .1 1 .. i:.: r-
and s'uitejing,' . - ' - is.so
French, . . . ; . 14,50
In the female department 1st Division.
Spelling,. Heading, WrHiog, Grammar, F.le-
m-niary Geography. Parleys HiUory, and A-
riii.ra.tic per ses.ion, ".-. f.o
Ancient. dMod2rn n.'unrw!'
r-sphv, American Mi-lory, Rhetoric, Logic,
Natural I'bdnwiphr, Ghemiatry, Aslronmny,
. . - toon
French, ' i50
18 50
a I!!v
rlotmv,
lVawini?. . - S0.I
Flee fainting,
Oil IVinlinr,
Roanl can he had at the Aeademv
most rtretslle lamilire in the neigliboi hood
I 57Iie "OTnnT
FIMMONS J. BAKF.R,
WXI. tt. SMITH. Jr.
WM. It. 'SMI I'll, SenV,
ilMR t, U. IIVKKIt,
WllirMKI.I, .1. Hll.1, ,
CIIIULI'.i SIMKLII.
Trnttee:
CIIAS. SHIELD. Se.tr.
May th, lr
SI fiw.
SODA
WATER.
Will be kept constanll) prepared Ihrnnghnnt
the S.nnnr SrJon, at the fttUG SI O'-Kat
WILLIAMS k IIAYvoo.
Msy SO, ISar. 88
TILLU3IS aVJIAYWOQlv
Have lately received at their well known atand
en Fayetteville Street, near the market house,
their Spring sad Summer supply of
Drnff nnd Medicine, ' Paints,
Oils, Dye StnCs, Britches, Win
alow ULtss, Perfumery, Vc.
Which with their former supply, make Iheir
assortment hrge and eatrnsive, eompi ising al
vr.mt every article asually kepi In their luie of
-business, ,' " - -
Tbey ffer them at wboleaail or retail, upon
- the moat favorable term, as 'hey am determin
ed their assortment shall not be inferior, nor will
they be undersold by any establishment in the
State, either olb) or Uter. ,
Grateful fur the patronage heretofore bestow
ed upon tkem by their friends and the public
generally, tliey flirtter themselves, that hv asl.
..- etnity and con sunt at tea linn so bo tineas, that
Ihey will continue to receive- the sme liberal.
mconragement already secured to them.
Prescriptions will be aarcfully omponnded
and put up with Mono bat the most genuine arti
les, under the Mspectioai ot on U the Bropri
v etora. ...v."..
Orders from Physiciane It Merchants, prompt-
IT sMIsttlelsfd ttt. . .
Baivigk, May SO. IMT,
NOTICE,-
. The sobsrriher hating qualified kl F.ietotpr
to the last Will of Frederkk Hern, deceased,
late of Wayee county, hereby gives notice 10 all
persons Indebted to said deceased 10 make nay-
jitgirt. hm deterr Awt1t"Tlwnf,1WtWf
claims against said deceased are notified to pre
sent them property suthent tented a llliin the time
prescribed by Lav, or they will be barred of
reepvery.
N. WASHINGTON, E'r,
. May 18, 1837 W Int.
Of THR - .
North Carolina State Lottery,
seventh Vlati tor ixol
The ComniMiionrt fnr rfbnildinj the CipUnl,
rub to employ WAGOjVS oarryHtr aol lees
then three thoumnd ponmla, to haul KIKlit
Mmie liom (Jul. Sunnn Uoarry. II milet Irom
KaTcigh. for fuiilier particttlar; enquire of
Mr. liana I'attos. Btipei-tiitenaeni. al we
Cilol Square.
III. I. Wl.Sl.seey.
RileigH, May 81,1 937 . 83 tl.
Southern Fcinate Clamsical Se-
- miliary, Oxford, IV. .
" The enrahrlin will take plaae in lhi achool
on the l4iiramt uiti 0 June. rarentf ana
Gnarliait of JUe J.i)n Jifb.lA.iwp3ccjeuC.,WaV-'
au4'atl Aihra (ntereiiitil ia eilucaiiun acn'reaf
"hpcthilly friviteil t aurtid.-" T mr nftt iclsioa
will enmnienee imnieniiirir. in afliimon 10 iwfl
bianehel htlliriio taut, Instruction will be
given in Frenth, Spanitli anil Italian, to .hoat
alio desire it, by a evntleman. wko hat learned
4eWFre'n-tMMei 4ao)uiee m -Ue eoentrtet
where thry ate apoken.
TKRVIS.
For board and tuition ptr aeaaioa el
S months, . -
Tuition alone, from (10 to
gfl j 50
15 (HI
0 m
, r 00
rMtukk,
irawhi; and Painttnff
Fi-encli language,
S nanitli and Italian 10 each. ' -
JKSSEIIANKIX, PvindpH
May 1. nS7. 84 4
Uoirersitf pT North Carolina.
We invite special attention to the following
intcreslinjt Circular iaitteJ by the Exectt-
.tLrXlomtniuee of Ove J"rtee of ourJtlni
veraity; J51R: r- I he 1!XBCUTIVK i.OMMITTEE
of the T.UJlteC. of -the Univcrsitw of
NorHl Carolina, consurer it aljike due to
the community and the Institution,
T r- t---j -f ' -tr S.U P.nr
that Correct Iblormaiion Wltn respect
10 JIB present wcnndlllOIJ anu luiure
prospect, should be gtneralljr (lissemr
mated throughout the State. They
have 'letermineil, therefore, to address
a copy of this Communication to such
f;entlemen as may be supposed most
ikely to take an interest in the sub-
. . . 1 1 . 1 .i -it . t -
ject to which It relates, wTlhUieTiope
(,, ....ji " .ii.Kiinn mirln ithiMMl
,ble Colleges in the countr, they do
' . . . . .
not desire to be regarded as its ad
vocates. I Whether the maintenance of at least
one Litcrar Institution of high char-
acter, whatever may be the expense
.:. 1 ,.,...'. : . -.. :i
"quiretl to SUatatn it, 18 not CSSentail
to the interest and reputation of the
State, is a consideration which may be
VrP,T Bjldressed t the Legislature,
but IS entitled to III 110 , Weight llh a
Parent an x'lOUS to Secure the best Op.
With him the ennuirr will be. not
will be
what the "UnivVrsTty should be, but
what the "UnivVrsTty should be, but
what it is. : To give . a full and fair
..o-,antter iaihia questiunis the ouly ob-
1. jectnf this Ctiinmititicatioii. ,
eibmlol The local situation of the village of
""." e.
CltapeHlilvis too well. .knowniaren.:
dcr description necessary. The salu.
brity of the climate h:is been inost sat
isfactorily ascertained by the. experi
ence of more than forty ear-; and it
is very certain that it is not surpassed
in this respect,, by . Ihe. most favored
villages among the Mountains. The
College ediftcies are s well arranged,
and sufficiently extensive for the c
commodation of any number of Stu
dents. lUaLcanbe reasonably cxec tetl,
r perhaps desired, to resort to ihe In
stitution. The three main buildings
are , now umlergoinsr, extensive and
thorough repairs. The. new Chapel
will be completed in season fr the
Commencement Exercise in June.
A UhII of the same dimensions will be
speedily erected near the opposite end
of the South D lilding. which is design
ed to perpetuate the name of the late
venerabte President of the University.i
and to afford the requisite spnee for
the Laboratory, Philosophical Cham
ber, and Library, upon t scale corre-
cponding. with the character, and a
lapted to the waata of the Institution,
(n the mean time, arrangements will
be made fur, the proper improvement
ot the riniosphicai an l Chemical Ap
paratus, and gradual increase of the
Library. 1
The attention of thk Executive
CbMutrrEK has. not been cunGoed.
however,-to the mere improvement of
the College etliiices, and the increase
of the Library and Apparatus. "TTIiese
things are not unimportant in them
selves, but are entitled , t,o little con-'
sideration in comparison with the ad
vatages to be derived from ab!e,dili
gent and faithful instruction in the
several jlepartmenta of learning, and
an impartial an4 enligStene.l lmini-jllia slttf ivltml half fiiMbh4 prpa
tratiun of the law f the College.Jrctitrtt, prevent him from ever'bpi'nj
luejr entertain the opinion,-that tlifiaiiie to priisecute courif of Uollrge
centletnen who are at present charged
1 a . " .a a
"witlTIbTpefforinance "of tTtese arduous
and important duties, will disappoint
no reasonaDie expectations wnicn may
be entertained of them in all these re
spects. The Faculty consists of a
President who is Professor of National
and -Constitutional Law, a Professor of
Chemistry,, a Professor of Ancient
Languages, a Professor of Mathematics
6r Modern Languages and two Tutor.
The system of studeis which is ex
tensive and believed to be well arrang
ed, extends through a period of four
years, on the completion of which, the
student who sustains an approved ex
animation receives tile degree of Bach
elor of Arts. The studies of the sev
eral classes are prosecuted in the fol
lowing order, viz:
FRESHMAN CLASS First Ses
sion (commencing six weeks-after the
fuurtli rTharsdav "of 'iane'T&LivtF'ol-'
soms edit im, Algebra-!
m'wi-'IS;WaS1ifai
8bsiffr'atdPolya?mir;)w''
pf.cokd Sessiojt fcommencing lour
weeks after rhe 15th of December)
y.irgit!iGenrgiatCicero.VOratiorr
liraera Majora flleroUotas, Ihuculi-
des, iElian and Memorabilia of Soc
rates.) Geometry.
SOPHOMORE CLASS First
Sr-ssio! Graeca Majors the lOra-
tnrs, J Horace, Goutds cditionrfOdrs
and first book of Satires, J Exercises
in making Latin. Analytical Trigo
nometry, with practical examples. Log
arithms and Mensuration.
Second Skssiox. Hi race cnmplet
ed except the Art of Poetry. Homer's
mau, uicero continued, xavigauoni
andSufveyingronicv Scclions and
analyucal-UeometrT,--Modem -ueo
graph y revised " -
JUNIOR CLASS First Sessiok.
Analytical Geometrv. Mechanical Phi-
losopity tJtcero's Philoiophical Work
and Quinctilian, Grxca Majora, fvol.
2, Homers Udisscy, Rhetoric, Exer
cises in Latin construction, French
throughout the ses-ion-
Second Session. Differential and
Integral Calculus, Mechanical Philos
ophy completed, Chronology, Greek
t ragedy, Cicero's rhilosnpc7! Works
and Kpistles, Rhetoric completedEx-
ercises in Latin Cnatrtseion, Ki,
mettts of History, French throughout
the session.
SENIOR CLAS3-First Sessiom.
Chemistry and Mineralogy. Tech
nology, Mental Philosophy, Political
Economv, Graera Majors, r the Trage
dians) Horace's Art of Poetry, Exer
cisea in Latin Construction, Astrono
my French.
Second Session. Chemistry, Ge
idoay and Natural History, Moral Phk
losophy, Political economy. National
and Constitutional Law," Astronomy,
Tacitus, Graeca Mujura continued,
(the Tragedians; Exercises in Latin
and Greek Construction, French.
Composition and Declamation are
attended tn, throughout the whole col
legiate course. ' Instruction , in the
Spanish Language will be given to
those who desire it. " AH ihe Classes
are required io attend Divine Worship
in the Chapel on Sunday at 1 1 A. M.
ami in the evening, to recite on. the
evTilehra
Religion, and on the Historical parts
ol the Old and New Testaments.
Applicants for admission into the
Fresliman Class, are required' to sus
tain a satisfactory examination on the
Grammar of the English, Latin and
Greek Languages, including Latin
Prosodv, Mail's Introduction, Cxsar'g
Commentsries, (5 BooksV Gvitl's Met
amorphoses, Gold's edition, ('extracts
from the first six books Virgil's Buco
lics and six books of tlie yEnenl, Sal
lust, Greek Testament,
St. John's
Gospel, attf the Acts
of the Apostles) ;
Graces Minora or Greek Reader, Arith- a'd snection r the rommunity. Ihe
metic (Emerson's 3d partj and- Wor. ,ag?rfg' number, of, Stutlcnts at pre
cesttr's Elements of Ancient and Mo- gfr)f ' but lS,,y n'V Of this num
dcrn Geon-raphy. j her however, triore than forty arc mem-
The Executive Committee beg leav bfr uf .,he. Class No in-
to urge upon Parent, and Ihstrut tors, .Jnownf l,n" the rn.nilatum
the importance of an earnest and tho- !)e College of so large a number or
rough compliance with these requsi-into e.thcr of the Classes,
tions. It is a fact which ought not to j1. W,H be reJdy . perce.ved. f that a
be diseuised, that those colleges at the ,l.k' no,mb1fr of PP''nf dm.s.
North wlvich have received the largest ,l0at PP"ching Commence
share of Southern patronage, have woo d make a very favorable
wilhin 'a few years past so fa? relaxed change in ihe aspect of our afT-uri.
in their terms" of ad mission.- as in ef- In -conclusion,-the Committee; beg
feet to offer a premium of the most se- ' ,0 remark, that in the respects in
ductive character to many of , our which the citizens of North Carolina
youth, for the desertion of their do- " be Mgrded at least true to them,
mestic Institution. This system, as selves, the most striking is the almost
out most faithrul-Instrtictors of the universal disposition to undervalue our
preparatory Schools will testify, pro- own In'Otwins and our own citizens,
duces the most pernicious results An examination of the Catalogues of
The Pupil becomes impatient" of the the Colleges f other States, will shew
restraints of School and of the gradu- that quite as large a number of young
al steps, absolutely necessary to fit min fnm this State are acquiring Col
him for receiving a Collegiate Educa- Ir-g'ate education sbroad, as at home,
lion with advantage, slights and des- If by o doing, they were enjoying de
pises the efforts of his Teacher to se- cidedly superior advantages, their
cure accurate and "solid Scholarship. cftur woo'' b ''titleil ' in' marked
and pants for a premature enjovment of commendation; "How far this is the
the freetlom of college life. " The con- case, ' two statements of well ascer
sequence is soort perceived. " lie is tainetl snthepticity may enable the
sent to a distance from his.natural public to dccitle. -I...
guardians and becomes his own mas- j There is no instance known darinc a
ter, when he most needs the control
anil superriiion vi iiib ursmmsr acnoui.
rank unit ma better prepared -C las
mates, and after a brief struggle, dis
SJtisfied with a standing bMuw medioc
rity, he becomes almost- invariably
careless and idle and dissipated. -; Un
less tins course of policy is promptly
and vigorously checked br the com
bined efforts of Parents and Teacher,
Colleges and Grammar Schools will
rj . - - i je " -at- v-.-io" .'x-U.-J. -
beeoinOTIk eTffegu
If the fuundation of Education be rail
ically defective, it is itlle to expect
that the superstructure can be pet loot.
He 'ho supposes that the appropriate
functions of the preparatory .Teacher,
either will or can be faithfully tlia
charged at College, should desire the
immediate demolition of all the Acad
emies in the country. ' ; '' -
The requisite measures have been
adopted to confine the expenses of ed
ucation vithiti the . most reasonable
limits. The Steward
thoroogldy-Tenairelr-a
lif idvn t? is .' req hired M Board thr; if
will be so managed as to cotopct the
boarding house keepers to chare no
more than reasnnaU e prices. - Upon
this subjeci4
can give parent and guardians, the most
connaeot assurances that the necessa
ry expenses of a Student do . not ex
ceed two hundred and fifty dollars per
AQnunV includini clothes and pocket
fntoey.-Soin apend less: the exiieo-
tntures oi s majority excerti mis a-
i-...T e - s .. , ...
mount, but a larg'r sum, is not essen
tial either to the comfort or reputation
of any one. Under the existing laws
of the Institution, it is utterly impos
sible,, that a prodigal expenditure jf
money can be made by a Student,
without the culpabit xoniMaBceof his
Parent or Guardian., It it should ev
er occur therefore, fin blame can be at
tached to the Institution, and the suf
ferer will be entitled to ho commise
ration. -; ;
By the Revised Laws"of I ihe State,
it has been made an indictable offence
to sell wines or spirituous liquors to a
Student, or to sell him goods upon
credit, without the written permission
of a mem'ber of the Facultr. A Stu
dent on hia arrival is required to de
posite all his funds in (he hands of the
B u rsar. J.Na e x penditure is permitted
but under hi tlireotinn, and sit ar-
count without any charge for bis aer
vice, is rendered to his parent or guar
dian, at the end of the session. By
an Ordnance of the Executive Cnm-
mittee adopted in July last, any Stu
dent who shall contract a debt without
the consent of the Bursar, will be dis
missed, and the same penalty ist-
tacnea to he "paTHenr" the Guar
dlan of a debt so contracted.
An Art of Assembly passed in 1A28
tieciared that all enntrat t made with
a Student of the University, by any
person should be void. Io one there'
fore, Is under any obligation either le
gal or moral, to pay a debt of this
character, and a more valuable or ac
ceptable service can scarce' be ren
dered to the Institution, lhan an inva
riable refusal to d; so under sn cir
cnmstarrcesa :
', In addition to these satufar regu
lations, the Faculty are authorized in
nil cacs, when the applicant is a na
il?.e..fiC. tb'Sj a tfj siVsjteins a fat c tww al
chararter, and upon examination is be
lieved to possess the requisite mental
endowments, natural anil- acqnired,
ami is unable to pay the I moon Fre,
to admit him into any Class, for which
he may be prcparetl, without charge
eitht-r torTuitiSn irinroomTfiiirTT
77ie Execu ive Committee have the
pleasure to state, that although "the pat
ronage extended to the University, is
in no degree commensurate with the
resou reel and i n tet tigence of the Stale7
there is gratifying "evidence,' that the
Institution Is growing in the confidence
series of years, where a young man of
rrjjuiar atsuuiu in (ins insiiuiton()ia
not been admitted into the same class
of any other College, to which he may
Have applied. A - more - remarkable
whu commenced their collegiate course
tith the present Senior. Class in the
University, anil prosecuted their stu
dies through the most difficult part of
me system, are, it is understood, to
graduate in the course of the present
year, one at a. Western, a second at a
Southern, and a third at a Northern
U?!WStm C.xtri4ehsvesMs.
W !Bat .i--wTST,lv,niTTVr" w r Ml -
distinction in his Class.
It is clear to demonstrate, therefore,
that our yoong men are not compelled
to go abroad, tn obtain an education in
all respects equal to thwt given in the
D.-st institutions in the United stalest
and that it is not necessary to make
any sacrifice upon the altar of State
pi nit-, in nnier to remain si nomt'.
r.i : ".. '
I hat many advantages, aside irm the
learning acquired at College, would
result from the formation of lasting
ie nd ships and - associations - which
wonld'w-IWonflKt
fo consttfttle& nti imall portioW bf owit
futn'fe t ufers," b'rth'epatrohag"of''iif
State Institution, no one can doubt.
It is not less clear, that many, evils,
ry to explain, might be avoided by the;
adoption of that, course, upon the part!
of Parents and Guardians, upon this
subject, which seems to be demanded,
no Jess byj o! r restJ.hao by patrio lain.,
. JU li u 1K Vh ti t
T. D. BENEHAN, I
I), CAMERON, . I Ex Com
r V B w. .vs. . avv
Is. llllll.M, I MITTIlK.
CHAS. MANI.V, I .
R M. SAUNDERS, J
We' richeit man on: eatth.- The
Paris corresporul n t of theA lbs ny
DaTrfdrtIse"rli.iyl7T'Kifui8 "Ptiiripe'
is without exception the' richest man in
the world. Me receives annually in
ready money a sum of twelve million
ol Irancs. lie derive perhaps twenty
millions ' morefrom'the lands, forests,
and other property of the crown.' He
is in enjoyment of the private fortune
of the Orleans family, which should
have been united to theTnationa
domain as' was the custom with for
mer monarchs, on their accession to
the throne, but which he was allowed
to retain by an act consented to by
Lafayetle. JTftllranhiTifliirlttusi
insurrectiorilstsTyho little knew what
they were about on the eve of .his tak
ing the oath. In observe the charter as
King of the French. - The amount of
his private fortune cannot be less than
ten millions of francs per annum. He
possesses, besides, ah immense sum of
ready money, estimated by some at be
tween oite- lM ndred ami fifty and I wo
hundred milliuns of fninrs. He pot k
ets the million granted the Duke of
tbleans as presumptive heir to" the
throne and the private fortune, he is
upo8ed to have given the Qm-en 'of
the Belgians and he has none of the ob
ligations with which the civil IUt of
Charles X was . burdened. .The lat,
ter pahl riem lv six millions in pensions,
which Louis Pl.ilipe has thought' pro
per to suppress altogether) he had be
sides a large military house hold, a
chapel, hunting establishment, &e.,
which cost him at least as much more,
mine of which have been retained by
the present king, whose revenues are
totally iiseflcibMerr,- sod - ott;e
quently full v adequate to the main
tenance1 of his family, without any pro
visions irom I'le iaie,"
- , ' From the JVationul Untelte,
Y.rejejiLJJtILJyw tl dd,
a thinl letter to Mr. Adams from the
President of the Bank of the United
States, w hich will be read with not less
interest and advantage - titan Ihe preec
lingones. Itisa perfei tly clear and sat
isfactory exposition of the existinz State
of things, and cannot fail to carry con
viction to the minds of all, It shows
that the course adopted. - bv the Banks
... .
manded by ''circumstsnces beyond
theircontrol, antLthat it will be most
conductive to the ultimate benefit of
thecommunitv and countrv that the
Bank of the United States has been
actuated in this measure by the same
spirit of patriotism and wisdom which
has guided all its proceedings, and
that it witr be ready at a moment's
warning to ds its part in restoring maN
ters to their formei condition of peace
and prosperity. -ttt:
. ? Philadelphia, May 13, 1837.
My Dear Sir: Vou were good e-
noogh to express a wish to know my
own views of the present state of
th'ngs, and I hasten to give them with
out reserve. . . '.; .. '
- You may perhaps remember that in
my letter to you of the 11th of Novem
ber last, I stated what seemed the real
causes of the elnbarassments then ex
isting, and the appropriate remedies for
them, adding that by their adoption
"confidence would be restored in 24
hours, and repose at least in as many
oays. oix monins' mrtner experi
ence has only eon firmed ; that opinion,
t believe now, as I believed then, that
the events of this week might hsve
been readily prevented and that the
unhappv preseveranceln the measures
then deprecated, has reduced the
country , to its present condition.
But I have no leisure now to tliscsss
the subject and no . disposition to in-
be more profitable to look distinctly at
the present position of the .Banks and
the country and to suggest their i .
pective duties to theiuselvei and to
each otlier. . ; . - . :..,.'-'v '.T
- All the deposite Banks of the gow.
eminent of, the United States in tho
city of New York, suspended specie
paymeMshiswkthedeTosTtsj
Banks elsewhere hare-foliowed their r"
example; which was of coarse adopted
by the State Banks not connected with V
the government. , I say of course, be-
cause it is certain that ,. when the govi' -eminent
Banks cease to pa specie,. ,
all the other banks must cease, and for '
this clear reason. The great creditor. .
in the United States is the gotern ,
ment. It receives for duties the notes J
of the, various Banks,; which are plac-
ed for co'lection in, certain govern- . '
ment Banks, and sre paid to those gov J -
""NowIIlh'eiQvcj "r""
depositories iifihe- pobitcTerehue, will
not pa specie; " f'f the -Tcry warrants -
drawn upon litem br the Treasury
the government 1 of the United States
from that moment ceases- to pay specie-1
io ins citizens oi me ,u oiaies. ... as
moreover the government receives for
duties only specie and the notes of :
specie paying Banks, the instant its ' '
Pwijki?itJklkoease to pay specie, T
the gnxMntor ntmuft rtfusV to recriire
the notes of its own deposit Banks and ' '
can receive no notes except those ot
Banks not dt rvosit Banks. On the ona 1
hantl then the government is bound to
par its debts in specie," and it has no 1
meais of procuring specie except from
the Banks not connected with the Trrar. .
uryr so that these Banks find all their
hotescbUcctedand paid into the Treas-1
urjrfordrrties,eonyerteTl immediatel-' -in
to specie for ihe uscof the government,
while the deposit Banks will not pay 'r
their debts to the other. Banka iti specie, '
nttf pat the 'freasufy warrants irt stic
cie. , Take for instance this example. "
The claimant tinder the French in.,f
tlemnity had certain monies dtie to him
in France, nia government imported "
it in gold for him and when the dsf '.
of distribution arrived he obtained an "'
onler for his portion. But instead of '
receiving hi own share of his owtt '
propor identical gidd, he hat feCelted
hei'her gold hdr silver, but the rfotee '
or the- deposit , Uanks which very
ndtes the government Itself would re
fuse to receive from i this very clai "
mint for any debt which he might owe
to the govcrntnent.So long therefore, '
as the government and the government f
Banks will not " pa-specie-together -
UankB. it r would be rashness m those
Banks to pay4 specie to ! them, and as"
theycanrtot mKke a discrimination in
thost? whom they will pay, the only !'
ternative is to concur with the govern
ment Bunks in the general suspension.
Our Pniladelphis Banks saw this. The
thought it useless to carry on so une
qual an intercourse in which they were .
to pay to NwTork," while Neiv York
refused to pa fa Pennsylvania, lor if
the Pennsylvania Banks paid whilst -those
of New Yolk did not, Jhe wholo
revenue wonld have been turned intn
Pennsylvania notes and specie demand, .
In the initlut of these disorders the' "
B.mk ojhej;8jLt(ttpieit.ev
crrliirr risitinj,-"a"nd"'bas- r prtial -dn
tie?. Had it consulted. -merely its
own strength, it would have continued
its payments without reserve.' But
lat. Like nil ther Pennsylvania "
Banks, it owed a doty to the citizens
tif nor own-stirtef ami -It wot not depos-;-ifetl
to stand aloof from a general move
ment of the other State Institntions,
which howevef it might regret, it could '
hot censure. .:?:":-. :::CV,Ui''S
2tlr-It was not incliiifd, moreover;7 "
to discredit, by a refusal fo receive it,'
the paper of. the other State Banks1
which had ceased to ftay specie, still
less to force its Tennsylvania ""
la.
-B ' ; :,',. "... .. .
er citizens in other States were allow
ed to pay M a less costly mcdiumt
thus breaking down for the benefit if
other states, the merchants and inanur
facmrm and ttierchanjes of penriylvkw
nia. . ... . ' . .. ,, ,, . X
3d; White th taults of all W el Tv
er banks were closed, the Government'
of the United States would have. ni -resource
to procure : specie, bot the.
Bank; of the United ; Slates which
ought not to assume the risk of be ne,
the only source of supply for belliniv
to the Governrfieht and the land ola
ces, as well as for exportation. t
4tn. 1 he IJeposite Jianks or the
Government would not pay theic
debts tn the Bank of the United States.
Why then should the Bank of the Uui--ted
States pay to these Institutions or,
account of the 'Government specie for
their notes when these very Banks
would not pay their own debts?, Ther
would have been an equal want of re
ciprocity and of justice in such pro
ceeding. ' : , , , Kf, ,t
. 3th. There was another reason a
gainst it, find and decisive. Frora
the moment that the Deposite Banks
of New York fM tV comply with
their engagement, It was manifest that
all the other Deposite Bankl trtust U
the lame, that there mast be sniveewsl
a
.7.,