Newspapers / The North-Carolina Star (Raleigh, … / July 5, 1837, edition 1 / Page 2
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1 T. MC eSCCCdtng seven fy fnifttoasi and. the whoJe...f thi juirarnse fabrics - lion standing opou a metallic c urr - n - xy of lesathan fiftren i lin-'f ltil - which the greater pari it new by th? bank of (be United States. If wnn uie mriaiiia carrrncT in tneir " vaalra, weahall find tbe pratmrtkm a boot six te one, and if we rbmpsre the latter wiih the demand that mar be wiade anon the banks, we ahall "fi ! -iiiWTue proportion is about one to r Io1l If r examine the tendency -of the system at this moment, we shall find that it ia on the increase rapidly en we increase, i lie re is now pend- ing a pndfrt of Or teif million bank De fine the Legislature of N-w Vm ki hot rrcehtlv au uf five mill inn vii .! ta.bliHlied in Kentucky, within a short .Oi.ri.Ml. one i.f a l.r; ca.Jt.l -a. ea. abtiihf inrrtneiweiTteOTiWwtierT ht;gt..rfiw.-.gf.wrtiJ'nct mcr-ae in ftoTnear au at riwg 9.agiUttnn in several of the1" iate. Here Mr. Varied aijna, aald that one pftierm niilli.ms -. Jf..!J"Ueii rMiahd ii that State.! TOiawrcrs'cei n acculenlal. It my be la'wl ltin at law. that here two currencies areffr.pittrd to circu late In any count rv one wfa xhe ip ami the other of a dear material, tii- fur mer necexsaril v tend 'In grow pn he latter, and - will., nltimaiely eipel i from rircula'ionj onlr it tendency iaJutoMeJexcatralueil Jj .9JQVtl-i fill sn.t -ITtr'iant J.k F.t ,rr'trlCr -rtftrtrHm.tuiih. uf .this MafTtadhtfg3 - historv'iir the Taiikm ' Wearerrarttr f . ' - illUHti-ate. I he Menator iriftt .1 -Ha chus-tts trulr said that Ihe'.Birfk oil Eogland was d.rivd.frmn tlfiH'T'A'ii tdKfV4arw jrar'l' jhfA -of En;lnt.- Thmtti'i'" its prtisres, the truth of what hate stated to be a liwof the vten Ta straggly etin-ed. The Bank f-Am(l4-wa-intrtf!yl a hank of depts'tes-a store bouse lor the safe kerionjof the bullion and pie eious metal brought into that roinmer cial tnetropolia, tdr iuz'i all the chan Dels of its widety extend il trade. It was placed onder the cufodv of the cite aufluiriiieat and. on the depo-ite. a rrrtirala, was iued as evidence of .i .i - i i . . t- u. . . juejacimcftJiran.!"xamvJa--M to entitle the holder M demand the re turn'. An important fact was a-mn ilis rlmelf that a laree imrlio i of the ie puitea tiiight lie witlclrnwn. and thai he-residue would he ulTicient to meet the returiin2 rerMnca'e, or w'at i Ihe- aame - in fiect.-tliat -eeeificate might be iu-d withoii-t mikiu-r a de site. - This sur2es'e'l th of a sfk of irisenon a Wt-H depositn, Thefaet hus liic1 ie l, f-H tw muc' in with the gnins of tje svstem to be nt, an I, arcorlinglv. wii-n trm- fl'sn'ed to Rnglan l. it sugsrested the J'a of a hank of ilUmiint an I of lie- p iet the very eM Jf wTSiir furm of bmkin;, tliat on whic'j , their pr fi depends, ronststa in wtng a 8rear am iunt ot notea than it ha l specie in i'b vault. Hit the srnfm Is rejro larlv progressing under tit" iripulie of (lie laws that govern if, from its present finia'rwrr'fff Chine fir fabricating and isuin; notf, not convertible into sneci . Alreadv -has i wnrr rtiTehedtiTninditiifwylJotb - i-i Knjrlsnd and the Unitnl Sate. an" from wliich it lua been f rce I b' k. in both, id a redemption of ita note with great flimcHMT. ' This natural tendency of the system is accelerated in onreoun'rv bf pecn -liar causes which have greatly tnrrea ed It progress. There are ti pow erful eauaea in -operat'ion. - TJie-n-tesoltinxfrnmthTiralrywh'ctrmus everake place in States -ai'ttite.! as oum are, nndee on- genrd gvem tnent. and havinst a fre an I p "i ro'm """myrciaT Inferco'uraeTThlftTml'ritltrTi' oTlahlingiysfem in n"neTilaTelfe,a rily, on this pr'nin'. tntrwluce it in t all other of which we have een a - striking illustration on the part of Vir- lrioianljnmenfjheS"fllhjTji which entertained on principl, strong aversion o th aysternxjeUhev were eompe led,after a long and stubborn resistance, to yield their ohjeetions.or permit their circulation to be furnuhfil br the surroumlinz states at the ex pense of -their .own capital and C'm- merce. The same cause which thus enmneis one state to imitate the exsm- pie of another, in introducing the sys tem from aelf-defence, will rompr-l the other states in like manner and from the aanie cue. to enlarge and give increased activity to the banking ope ration, whenever any one of the 8tates Sets the example nrsn dmng nn its partj 'and thus hv mutual actinrj and re-ac- lion, the whole system is- rapidi v ae crlerated tt the final destiny which I have assigned. '.''.;. ' ' This is strikingly exemplified in the rapij progress of the system Mtice its first iatHrduction in tu our country. At the adaption of. our constitution, a pe riod of forty-fivo veirs. th"r were but three banks ia the United States, the amount f whose capital I di not now recollect, hat it was verr small. In this short spar thee av increased to four hundred a 1 RTtv. with a capital of one hundred 'd forty fve tniltioris, - at hss already hf en Uf rd n inreasa exeeading nearly a huti ired tH the - proportionate increase of our wealth (z. non'ilation. as great as they have been, - But it is not in numbers only that v they have inrraaed ther Jis in th - same time been a rapid advance in the proportion which their note in rircu - latino bear ti the specie ia their vaults. Borne t went f of thirty years agu itwas . ' not considered safe for the Issue to ex cesd the specie by lucre than two and . a bslf o torea for onslyit aow taking t ' i -V- ' s. j the United States with the State banks j the' proportion it about srxto one, and. ! incju.Jin;' tint bank) it would very j greatly exceed that pioportion. Thia increase ef paper in proportion fa met- the whole, and including the. Bank of rif1ifWrtNtTjTlliafltl(',lKi'wTrTT is heretofore j Such it the i'i much mure notice than it has I attracted. 1. It originates mainly in the of the bauka. I -w.il, proceed rate it. bomber to illustrate it. The, 34-natnr jam. ICi? w-Yft - Ifc .Wnihy w assigning hi reaHia lor Irepofuthnjine j9eft ,; his bvlieving the bank f the Vnrt4eyujrpowerfuttntere f depreeiatt si"!wL,'.BwttaB,"iTftirf were ronitf tVe mor.. itangtrma than m injn!." ,.nerefa.mavbatJ;' u ,; an.l that a m t ipv:.. , . , 111 IIW NlalM (list ..wm k.l - arrikinvtr lU...-1 I len-leurr" ... W- r " V ,,ne iiht" is uui nne oaim. me irn- as whrethere'ar muiVi as illotratrd in- England where the svntem has a I va'tfil moch, Irs rapidlr, in p rtion tii the wealth and imputation, of the k Widmn nha n in the Unit! S,Ut. But whrre there is n limitation as to th'-ir number, the inCreajS" will be in evital.lr lonj as banking continues to be among the mt certain eligible an I profitable rmplorinnt of capital, a js now the raso. " With tlie.e in ilurew n:s. there toast be constant ap plication f'nr new bank. whineer Ih'iv Kthe least irroxpncf lif profitable ntainiv on' nominal ana vanum J-apr ii .1 lilt l. .. . . .il . .4 ... anil i vhhj uui nine iu iau 4rea- It in exiktfnre and Wi'h our j-int -nd natural aversion mnoopolv, it is Ulfi- cuU. on princiule.itf.ijualitr ami iu. iic v 'ceir u n initucaiut'i. i ie liiii-SMon iif-a new bank tend to ! m ni-ti the priints ot the oi l. an I be- ween J he a v.e.ri n . nj ? h . id d. t reduce t leir incora . and the desire pf the new t i acquire profits, the result is an en- J irgement of ilic 'Unts ertecleil hv a mutual spirit of firhearanre,.an indis pnaitniii ni ti part of f-ach to nppres tie other1, and finally the creation of a coin-im ii tv otfe-linxto sfigmatia- and "p ' ilwe. whether banko imli .Tidu:ls.? hojlejnand peciein pay me'it fo t eir nntea. This communt tv of f-r'n avliich ultimi'ely idnti f a the wh le as a peculiar and dis tinct inter-ft in the community, iu erea-e4 and b cme more aid on e i itena , ji.f in propoi lion as bank fuuUip' v a th becMne. if I mat ue If expression, ou popul- u. aiid from the tir ensure ofincrt-aniiig numbers, in inriintaining t4i-ir -existence, there re sults a rui'4tepn ling ancreaie of is-s-iea, in prfeporiion i t eie m-ana which 'Xi!ais4 the present c i'i a'r lin trv ilis'irotuirti-tn betwenn sprrie and h't i, in lhoe Staus where b.nks h ive been must hhi) iplied eiiar in 'me to sixteen to ine. There renults. f oui thi utate of things, soire political eiiniiderat'O wh ch dem ind the pro fiutid attention of a'l who value tu iberfy and pe ice of the rountry, . Woile the htiikiug ftvsteni r-'St en -..l"l - r...- l .: .1 ". .. mi: .... nvto ion mi o , uere i t wi v -o h ir part, but little d 'peiidetK-e on h government, and hot J'ntle mean br which the government canlnfldeWe ;them.; ad a little di-iHtsjuoh.nihe iVrf of th bank f be connected wi'h i'l but in'-f W" pro'ires f ' 'i b ; aystentj; ;ivhen ttieir nUinVr i grea'Jy mifHdt ef. and iheir isftte in pnMmrtion to th-ir. mean, are corresp mdlhsly in creaVed, the condition of llie bank be- mint more anil more cri'ical. Eery adverse event in the commercial world, orpidirtcat movement that diaturh the p-'aent state of ihiugs, agitatra ami e-iilang-rs thm. They h-bonti timid and anxious for their saf-tv. ami ne. easiril e coo t thnoe in rrtm'tri md-r-4 tTeTwreTlletrprrictmn; rVnp?ry4 i. in ita nature, timid, and aeeas pro tection, and nothing is more gratefulto government that to become a protect or A onin the result ami wh I that uiuonf takes place when th gnv- I eminent, Jii fact, becomes the bank dt- I ' r , rc iHii, regmating ira iavra auu ac- romm'Mlittioii, the downfill ot Itiierty s at hand. Are there not indication that we are not far reinnve from this state of thing? D- we not behold, in those event, wVch nave an deeply a gitatnl us within tha lasf few months, and which have int-rupted all the bi ainesa tranatctiona of thi cmnmunitr, a strung tendency to thia union on thf. p t of one department of this g-ivem-men, and a portion of the banking syntemf - Ha not thi union been, in faet, consunima'ed in the largeaf and most commercial of the stsfea? What i the safety fund svtem of New York but a anion between the banks and the state, and a consummation by law of that community of feeling in the bank ing system, wliich" I have attempted ti iHutMtei the object of which is to ex tern! their discounts, and to ohtsin which, the inferior bank of that state have actually put themselves under the immediate -protection' of the govern, tnent. " ' ; The efTects have been Striking. Al ready have they become substantially mere paper machines several having not more than front one. or two cents in specie to the d dlar, when compared with their circulation will be found to b pot little better. I care not fsaid Mr. CalhounJ whether the present commisstonera are partisans of the present state administration or tiot or whether - the assertion of the oenafnr. from New York. (Mr. Wright) 1hat the government of the State had not interfered in the control of these inti ' tations, be correct. Whether It has taken place or ast, interference: is in. I rritatde. la such itatt el weakness a feeling of dependence ia unavoidable, anil the cantnd of ihe government over the action of (he tanks,- whenever that control shall become necessary.! sub serve the amhitin or the avarice of certain. bonki to termina'e their carter Jn oj jpoper $ytemi oprnjrthdt even I toeeie txtummt. ITTm ,.,. m .. ronte tenancy of own Jepeeie payment. TTh ivnwl$ on and I - J ' -f AyAa-lrTm"-'n''.,..T ne'mhbor, at ihe mean mi In ame lime, of exempting UWf from the luxe of the government and drawing the commerce of ihe coun'ry it port. This was strongly eseropuaed alter the aiispeiiMon of specie payment du ring the last war. when the deprecia tion made the moat rapid pragrea. till rhet kd. by the establishment of the present bank of the United State, and when the foreign trade of the country was as rapidly converging to the point of the . greatest depreciation, wiih a view of exemption lrm duties, by pay ing in the debased currency of the place. What, then, is ihe disease which af flicts ihe system? what the lemedyf & what the m -aus of applying it? These are the questions which I ah-ill next proceed tn consider. Whar I haTe-atrrever diversity of sentiment there ma v . .. a - - . a- la . .1 . ! - a. . fTa rdujaleJLpdntajbAt ib.e.rdiraie,Il cwrsifH in a gcear aim growing ""pro portion between the metallic and pa per circulation of the country, effected thni'ig'i the instrumentality of the baukd diiiproportiott dad) and tumr-j j fir jacrea -dug " nn-ter the -. im pels of m ist now -rful caus-a. which are rapid - l v aeceleratiHgthenmnfry tothAatate f cu'ivul-ion and revolutiou wtiich I havelndiea ted. The remedy is to ar ret.! its future prngres, and todim-nish the etis'liig iliproportion - to in- rease the metals and t- diminish the papT advancing f.ll the currency shall be ref r-d to a sound, aaf and settle I condition. Oi tli-'se two points all must b'sgrned. There is no man of anv parte capable oi r.necttnz, ami wh" wVH tale the pains tn inform him- If. hut must sgree that our currency i in a dtinxerous condition, and tnat the danger ia iner-aing nor ia there any one wh i ca i doubt that the only il ami effectual remedy i to dimin ish the disproportion to which I have referred." He'e'the extremes unite, th-Senator from Missouri, (Mr Ben ton ) who i the open and avowed. d vacate of a pure ntHallic currency, St the senator frem Ma.s. (Mr. Webster) whi stand here as the able and siren nun advocate of the hanking xyAtent, are on this point united, and must m ive from it iu ihe ame direction, though It mav le the degu of the one t go hrough. and f ihe other to halt after a moderate advance. 'lli-re is aootiier p-dnt in wh'n-h all must W agreed; that the 'remedy must V g-adial, the change, from the pre- i ent .to another and sounder condition. low and ran inua. The neressity for his, results from that highly delicate nature f eurr ncy which I have alrea dy il lust a ted. Any sodden and great rhenge from nor present to even a sounder condition, would agitate anil convulse society to the centre. Oi another point thrr- can be but little lisagreement. W hatever may be the lifT-rent theoretii al opinions of the members of the Senate, as to the ei tnt t which the refrmatioii of the enrreucy should be carried, even those who may think it may be carried prac tically and safely to lhe reatnraton of a metallic currency to the entire exclu-in-f itanerr-mut -agree that the- -re- stocation ougHt-woMw 'e earned far her than a cautious and a slow expe rience thall pro that it ran h- done, consistently with th prosperity of th country. injhe exist.ing(l'c,Vl.anit commercial con lifion of the world. Tii g-t beyond the point to which expe rience tdudl show it is proper to go, would be to sacrifice th public inter est merely to a favorite conception. There may be ultimately a disagree ment of opinion where that point is. but ainee all mast be agreed to move forward in the same direction, and at the Mini space, M u act oat in the spirit of harmony and peace. tkHigh w Linif Rd;tH-:topatdifjr-rnl points. It may be that enlightened by experi ence, ihose whointendel to stop af the nearest point may be dispuaedi to ad vance farther, and that those who in tended the farthest, may halt on thi aide, so that ft ially "all" may agree to terminate the journey together. This brings us to the question of niw!Hit so salutary, a Chang be ef fected? What the mean and the mode of application. A great and difficult question, on which aoraa diversity of opinion may oe expected. , No one can be more sensible than I am of the responsibility that mast be incurred in proposing measures en questions of so much magnitude, and which, in so distracted a state of tha public mind, must affect senoualy great and influential interests. But thi i no time to ahun responsibility. -The danger is great and menacing, and de lay hazardous, if not ruinous. While however I would not ahun. I have not sought the responsibility.' have wait ed for others, and had any on propo sed an adequate remedy, t would have rrranmu mi en i. Ami oere (aaio Mr. Calhoun) let me express the deep re gret which I feel that tha adminUtra- lion, with all tnat weight of authority which belongs to its power tad iauunH v. patronage, had not instead of j poaitc Question, which hat cP ne agitation aid distress? eI?m,n great subject of iubtnttj. in all ..I it r..i wanted out its diseased jTprv'd sooie Mle, gradual, anI el- Teeteal meanaof anpltins it. Had that coorse been pursued raj realous and kwartf- ce-eneratiea wvald not have been wanting. ' PermU me also te ei- pr9m m twillfil iryvi wum pwvimr tratioti having failed ia this great point mf daty, the oppoaitioo wiih all ita weight ami talenta. beaded on thia question by the distinguished and able Senator fra Masuchnsetta, who ia so capable of comprehending thia aubject in all ita bearings had not brought for ward, under its auspices, some perma nent svstem of measures, baiel epona t-m . i - : : Meiinerau anil inaiure invraniiiuo in to the rae of the etiating diseae, &. calralated to - remedy the disordered state of the currency. What night have been brought irwrd by them with such fair prospects of success, has been thrown on more .incompetent hands) unaided by patronage or influ ence, saving nnly'that. influence which truth, rlearly developedrinT honratly and xealoutly advanced, may be sup pMed to poMess, and on which 1 must wholly rely. But to return to the subject. What- bUML to . ihe. me n s, on ,n e p.ii n t all roust be agreeiff nothing efn-ctoat Can be done; no check interposed to re store or arrest the progress ol the svs tem by the action of the State., The reaaiina already aligned to prove thai banking by one -state -compel all th ers to bank, and that the excess of banking iu one, in like manner com pel all others to like excess, equally demonstrate thst 'it ia tmpossi de fir the atates, acting separately, to inter pise any means to prevent the catas trophe which certainly awaits the sys tem, and perhaps the government it self, unless the great and growing dan ger to which I refer, be tim ly ami ef fectually arrested. There i no pow er ant where, bw in thi gonernment. the jnint agen' of afi Ihe St leY an;t through which the concert rf ih action of he whole can he effec e l. adequate to thi 'ettt tatk. The reponibiIity is upon us, and upon us alone. The means, if means there be, must be ap p'ied by our hands, or not applied at all a consideration, in an great in e- tnergency, and in the presence of such imminent danger, calculated. I would suppose, todispose all to co-operation, and t allay every party feeling in the heort even or the l -ast patriotic. What means do we possess, and how can they be applied? If Ihe entire under the immediate control f the general government, there would be n-i difficulty in devising a safe and ef fectual reuiedv to restore the equili brium between the specie and the pa per which compos our rurrencv.. Bur the fart ia otherwise, With 'he. ex ceptiou of the bank of the U. States all the other banks owe their origin to tbe.....aalhority.jf..t.hel.eral..?tates, and are under their immediate Control, which presents the great difficulty ex p-rienced in deviing ih proper means of effecting the remedy, which all feel to be so desirable. Among the means which have been suggested - a Senatoe fr-im Virginia, not now a m -mber of this bo v. f Mr, Rives) proposed to apply thet xing power to suppress the circulation of small notes with the view or diminish ing the paper and increasing the specie cirru'ation. The remedy would be simple and effective., but j liable Jo i great objection ThextnrTwnrerr is od oea under any circumstances, it woul I be doubly so when called into exercise with an overflowing treasury! and still mre so, with the necessity of organizing an. expensive body of on cer to collect a single tax. and that m in. inconsiderable subject. But there is another, and of itself, a deci sive ohjectieo. It would be uncmtii tutional palpably and dangerously so. All political powers, a I stated on another occasion,- are trust powers, and limited in their exercise to the suhject and o'lj-ct of the gr int. The tag pow er waa granteil to rais!i revenue for the Sola purpose of supplying tha necessa ry means of carrying on the operation of the Government. wTa pervert this Cower fenm th object thus intended y the Constitution, to that of repres sing tha circulation of bank ' notes, would be to convert it from a revenue into a penal power a power in it na tore and object . essentially different from that intended to be granted in the Constitution t ami a power, which in its full extension, il once admitted, would be su'firient of itself to give an entire control to this Government over the property ami the pursuits of the community, and thus concentrate and consolidate the entire power of tha system in thia Government. v - ' Rejecting, then, the taxing power. there remains two obvious and direct means in possession of the Govern ment which may be brought into ac turn to effext the object intended, but neither of which, either separately or jointly, are of sufficient efficacy how. ever indispensable. they may be as a part of an efficient system of measures, to rorrect the present or repress the growing disorders of fhe currency 1 mean that provision in the constitution which empowers Congress to ema mo ney, regnlate. the value thereof and of foreign, cola, ad tbe pflwer f jrobibi- i '.j .'I-, '.".. 'Sj3r . . g any thing bat the legal currency j to ue received either in whole or in part, for the dues of the government. I be mere power of coimn and regula ting the "value of coins ol itaelf, and ansustained by any other measure, ran ejieririse but a limit fd control over the actuaf currency oTlfie tu ii I ry7 and is inadequate to check exreas or correct disorder, as is demonstrateti by the present diseased state of the currency. fcpflgrearJ law upon the atatnte biMikalo regulate the value of Ihe ctwnst ami at an ear;y period of the gverninent the money was erected, and ha been in active op eration ever it.cet and vet of the im mense amount which lua been coined, a small residue only remains in the countryf the great body haviltg been expo led under the operation ofjjie banking system. "To give e'Rcacy to to this power, theo, some other must be combined- with it. Itie most itn- meitiate and obvious is that which his been suggeated. of excluding alt but specie, in the receipts ot the Uovern ernment. This meaafe Wnitld be ef. fectual to a certain extent; but with a declining income, whickv USt take pace under the operation el the act f the last session, to atjnat the tann and which must greatly reduce the revenue, fa point of the most'inpnr tance to the reformation and regenera t;on of our instif utionsthe edicacv of hemeasuremsslbecorrespondiiiglv dirntnishel, FrDrn:.fhe..l sjure. .of things, it csnnnV greatly """exceed ' the average of fhe Government deposite. which I hope will before - manv years iMLretluced toJhesaJJet-o4t4 m untr so as te peevent- the-posoibiliy of the recurrence of the ahamefol and dangerous atat of thing which now exist,Kaiid which has been caused by the wast amount of the surplus reven ue." ; nit -there-1 -in- me-opinion- a strong if not an insuperable abjection gamst resorting to this- measure, re sultiog from the fact that an exclusive receipt of specie in the Treasury would, to give it efficacy and to pre vent extenaive speculation and fainl, require an ertire disconnection nn the part of the Government with the bank ing svst-m in all" its forms, and a re sort to the strong box aaih- means f. the preseningand auarding is fund a means, if practicable at al in the pre sent state of things, liable to the ob jection of being far less safe, econo mical, and efficient than the presen'. - --' f Tt be rtnctndrd next Wwfc J THE AV0WA1 In some rema ks which we submit ted oi Wednesday in reference to the prorxis-d militarv organization in Phil adelphia, we suggeated the propiiety of calling nn the Executive to avow or disavow it connection with' flie pro ce lings The following letter, w it ten by the Usurper, acknowledging the reci-tpt of the resolutions, renders flits course unnecessary. Ve ask atfen ti n to the letter, which we copy from the United States Garettr: ITa$liinrf, Mav 29, 1837. -: OivTiiYiv: T hav the honor to arkonwl aJg tb reeeipt of your letter rommuaicatiot to me the pmeeedingsf a large nteeiia of the nuaeoa of toe ey and emimy of PhilM)thi without, diatioeimo of part, hell in iouV paodmea Hqnare, on the S2J iosUct It ia gratifyinf ta at to iaarn fram those pro. eeadinf. that the eaor pomiea by myaelf and tbaw aaaneiatad with me in tha Cxemdva braach ef tha Ooarnmot. a poo the impnrunt ubiecla of tha eurraoey, foMico trade mni Ihe public lamia ieciea the euniial appraWaoo of aa mnrHortaMa aod raapactoMa a portion ef my Mltow-eUiBcaa Tt thi ttrJoft of tbwf ennlhtenee and ga-al will, and fr the pectmfiangitif plrilf f tnfiprt end c'pratiH in upholding the xMan'tv th evutitnifm mnd Imw, I beg you to make to thoaa yoa repraaant my (metre acknowleihrameota. Tbaoainryaw:'asttmn,' fcrffiriTfinf and irMoUy OMaoer in which you ha per- turned the doty assigned to yoa, 1 am, ery reapaelfuUy, your obedient aervaot, , M. VAN BURE.V. TaMeaara.F-BloaTcr Jaraal Yooufr-aaJ Jo- aepai Dftfi. - "7 - Now. what -waa thia BrcraBnnying ptedge of support ami co-operation." to which this man refers? Read this , ' rwAi, That tha mora aoVtoalty to op- Dora toe sxHMinoiiaoai uoveromeol or ur ebnica. and of our free -to aecaaa ma rljpd eoforetof of tha biwa of. CoogrMA, (T AND thb orders op the exeoGrivs. aither aaw iaod, or WHICH MAV HERE AFTER BE ISflUED. Ac 4te we the SM3V. ERCIUN PEOPLE, do h.M ourael.M rWv te Off (7. fAVZC .io this city ant jcHjniy at PhibuUlphia, aural voluntoar lagino of TE. THOUSAND MEN. to ba aa ahaedy aa poa atUa FULLY ARMED AND EQUIPPED; Ihe earn to be called THB PHILADEL PHI 1 UNITED STATES MINUTE MEN." Here it manifestly appears that the "ntdM aaa not life annn.irt th.. ITifeft. r O" - CI " " sntution 1 and v Ltws onlv,bot "the "ORDERS OF THE mECUTIVK NOW lSSUlt. OR WHICH MAV HKRE AFTER BE ISSUED!, And this support is not of that "character contemplated by the Constitution aud the Laws, but of a far lifferetrt'. char acter. Under the regular operation of laovernment .the laws are enforced through the medium of the Judicury, and only supposes a possible resort to force when the judgment of this de partment is res'uted. But in this ca-e the Constitution and the Laws are put asnfe. . and an ARMED .BODY OF TEN THOUSAND MEN 'stand in their place! Jknd for thia the "Usur per tenders his Vsiacare acksuwledge mental" . Wf hut a" pfain question which brines. this whole subject to a distinct and practical Issuer-does the Consti tot ion of the (Jotted States sutUome a standing body of ten thousand arm ed men to carry into execution the ittutd or hneaftr t bo- tinted? Where Is ther man who will comel? ward and avow this? And yt thv Treciaely the case ander consiileratia, t is proposed to organire. arm aai "l"'f ""iiu wen liomeuiatelv w dyuyhe.ijrjij inatant. to execute any "order of .t. Executive" at the point f Iheli. et! And for this readiness to usaia him. the Ktecntive returna tit. .. . jctTtHknowledgefnent" -7-e. are nit disposed, to ronstjL time or paper on a aubject tike thiu. The Editor of the Ohio' Atlas, ia c.a ., ,nr warning wr gave lona time since, ia reference to this matt n :r fa "'rtaerrio eok if he bat It. Ibeae porleotooa intimatW IlUoMabjblioatietj-Uth. MmmUmi a,' wall found, d, Mr. Cralls deacrve tba dnnlutf the countrv fiir rivfna ttarl , .5 unfunded, be abonld fee hehl aanwenUb C i. .t . . . . . . innina; wmr nif pm iniemia and M-plMj J tbe people. H of coon muni oa k- . - i . . - war m me powmnn vmca na craping u throwing oat imm enoubiea and wantiim Our answer to the Atlas, to the Li. isville Journal, and oilier, ia; fU the facts and circumstances, aud n. concile them with the smrit of a fr consl'notinn if you can. For oartUL we cn. see awning in mm out an npu declaratioti of war against tbe prind pies of the Constitution and the liber, tipa f ihe nviinlo. ' "The .i-x.:.. ... .... ... r ..- ....,. lnq j equipptiigjif a, large mOttary fmre, h I a time of profound peace", to eiccut. I with the BAYONE P, And thJ passing before our eyes, while we Halt anil limk on like men who havr hii iheir-utiil'ritaiulingil.llas..ilieiutt. .crat or the Sultan higher. ..prrrogatim. than to issue orders at pleasure, im to hare them executed by ai med baaat of Klfrrimrit) What mum la ran.! Isbcifffconsthflip.; protest we are unauie to couedtetf I . : aor Biiuiiiuoni pi eiriiMonfj. It is n eilleo to enlarge upon ilia Rubj -rt. A people so humbled as ta contemplate these proceeditoyaoiihen feeling the spirit of their fathers lnr. ing in their bosoms, ntHut have rmd. ed a point of di basemmt where ila ery vsme of iihetjft aere1ea intelligible word. We perform ae du'y in placing the fact be fore t country, and Milemnly vtarnmg tW P 'ople against the els th.it are cnnie. Tlieae extranrdiiiarv pro rrt ings were not had without the coimJ. ami ndvitement of the Kxecutive. TW simultaneous display of the tnotii, ''ihe iitppremuey of ihe lnuri," : wai M a thing of chance. There is ewij reWn to bidieve that there art miri than icn thousand men alres'ft orgaa izeil.anofd and equipjied.--'- Ajictie corresptindenre isi.ing puvir TTiVoity:: Uni-n. The uurp r hiielfHi1 com aging the e military tirjj'nf&tSitaf trt his let ter shows. '1 he' whote try ia disfre-ied, agitated' l'ei w.th tie eleiiit-nts of ihscnid,MniuW dtr.a ion, and anarchy, j No' nia tii an'tii tp4te the result. ' Rut wVrenou firmly impressed wh th belief that subversion of the Government is it Contemplation and that, unlet tioiflj step be taken to arrest the E xernji in it progress, the liberii of the .. t t . ... ... ro iitirv win oe iosi. e mavoeiva suspjcMius of the character snd int. r eats of, the iudividuata in power. W we had Tath. r err from too much 4 oqsy than allow ooraeNe to be ti bv surpiie and fettered while sleff pfTf,rw,r;" "L ,J l"nm tin Hefiiltr, - OUR U.MVEUSlTr. . The late commencement exerciart a1 thi Institution, were higlily graiifyinj joj's .fgiends-Avervdarge 4 onciiitm of visi terCoT; Vt hie x is wereln at tendance, together wiih a resne'blt number -of Trustees, and the W scene piiSsed off with epirit and inter. st. rrzr rr""" --i llie public exercises Ind eiJ'fil'M w.-re heU in GiiliriT TlairTw cltti-d : honor id one of the mit - muniaVfst benefactors of the University. te miolious buililin? with large galleflW, just completed with becoming tl" is ff-tml att le, by order of. the ur cnniiiiiiirc, i: - "f J , On MoodaV evenins. select orshaO rr.. -dadivarvtl Ml tbe TitatrUW bt Al (dlowiog competitors, eectrd fro the-rrenmen-ttasajrixti.i..rDfi)t I. K. Caldwell. J. A Lillmtii.t M Shipp. W &1 Shii.u; W n Ihf son. J W Cauienm.' On Tuesday evening.' by contr tors from the Soiihom re and Juninr classes, viz: D D Ferebee, j Sumwrr ville, J W Evans. J II (leaden, R Walker. W A Hf.ke. And on WedneaiUv - eveninr. 'T representatives, rVnten by'"the1 V" terary Ntcietiea: Messrs B M rlwna' J J arksoo, T learea,-reprer' og the Dialectic, and Messrs. J Buke, II W Burgwib and -W srew grew, the Philanthropic ?ocie! nj W J Long ander the appointment " theFaculty.v -j . 'I'll a fna-nau- ji aw ai ejarpra .iipiftinrii, aini r.iiivtt a cfi""-- . attention to the study of eloquence ... I- . . jf- - . . . : poDiic-oectamation. , - -. - . On Wetlnesday forenoon, the P vata eeswdMl ta nacrflnavincr. to the Hon. Robert Strange, whohai"1 S lected to deliver the Annual AO""" jf b-.doie the two Literary Societies. f Ar tii.l au-nfnnnd atlvnlinnj il'" .iV- -- -. Jif i plause, paid to 'this chaste ad qaen.f address, is the best cominr tKasfell-sjarBew repaUUoa -of
The North-Carolina Star (Raleigh, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
July 5, 1837, edition 1
2
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