Newspapers / The Weekly Raleigh Register … / Sept. 10, 1804, edition 1 / Page 4
Part of The Weekly Raleigh Register (Raleigh, N.C.) / About this page
This page has errors
The date, title, or page description is wrong
This page has harmful content
This page contains sensitive or offensive material
m 4' rj5f pat tree Atf&rkE vine A A B L E, I., . Written by a Cor oilman BENEATH ttePuyfriajestic head, A Vine her humbler tranches spread ; The juicy fruit in clusters lmng, . The gently quivring leaves among; W hilst tuneful birds were perch 'd around Her stem with luscious berries crown'd. " At length with many hoHdw groan, ThPine tree thus began- hi s moan- And IdWnt rocks and hilts the sound, Sadly disconsolate .rebound, - .. " No songsters hither be ml "then flight Or on my creaking feoaglis alight;. No, herds oppre ss'd by scorching sand, Beneath my waving shadow standi Buthere the night owl horrid scrganrs. Oft as the moon withdraws its teams, Ot boUt'rous storms ray branches tear, Ariel whirl the scat'terM lf aves in air, ; When peals on peals of th under roar, Far echoing from the distant shore .. . Wheri the bhie lightnings streak the sky, How do i dread destruction nigh ! Whilst yon mean shrub that creeps along, Listens to many a -warbler's song." ''Cease, cried the Vine, nor grieve in vain Tcr. what you never "can attain ,.: ; Were you like me of ItumbJe birth, -Doom'd as it were to sweep the earth ; Nor howling winds, her beating ra'ua, 'Nor flashing skies should give you pain.'? . ' So when hewilb th'eporid'rotis weigh't Of civd discord in a state, The great bend ldw with tare opprest, In fruitless search of batush'd rest1; S weerpeace still glads the rural cell, Delighted here alone to dwell; - Whfe far from noisy pomp and pride, Health joy and happiness reside. T. R. S. &ANK of NORTHr AMERICA. Ihe attention cf the citizens cl this btate (having becLiareh drawn to the consec ration o the ut;U. v cf fiui-Ls. by ti.e rc- cent establishment or Staf(r-ianks, h. 5outh-Cardim raid Virginia; and many i, jLfurJ most., .miligeiit. citizens, being ' rjw.-tn -favour of u similar .Itsstint.on in tins Sra'e (which is the crly cid jsate in the Union, which has no, a Ba-.i) "mt t account of the Bank cf 25 orth- America, Khich was the nrs: esrf.bl'shed in tl.e U States, ,rnay uo prAT. unacceptable : , Intbe feprlngofthe v eiili 7S ln when the United States were enggea in their stru7gic for independcrce, at ft-time wht'n ourftnances were m ? crisfsalmcsc desperate, wh n pub lic credit was at anevid," when ' no mens were afforded adequs to tho public eAptnce,'' when the monev and credit of the United States'vtex&2A. zQ low an ebb that 4 some member. -) the board of War declaredthatthey had net the means of sending an express to the army" on4he 17th of May in that year, the Superintendant of Finance, sub mitted to Congress, a " plan for establishing a National Batik for the United States oi North-America" By this plan it was among other things proposed, that the subscri bers to the bank should be incor porated by the name of The president Directors, and Com pany of the Bank of North-America ;5 thafctht capital ?to ck should consist of 400,000 dollars in sharers of 400 dollars payabie in gcd or silver, and that it might be mere 'j seel by new subscriptions at the pie jp stirc of the directors ; thnt the'mn a;"inent of the affairs ot thf bc'iik should m the hands of twt'.ve dii tctors to be chosen bvthe bioek holdeiv ; and thut the notes oi th bar.k, pavable on demand, should bv law be made receivable in thv r duties and taxe as specie. On the 26th May, Congress passed the following resolutions concern ing it. . Resolved, Tiat C on gres s do u approve of the plan for'establish inga national bank in these. UjiI- u Jed States, submitted to their i tt consideration by Mr. R. Morris, the 17th Mby, 1781; and that they will promote and support u the same by such ways and means ; irom time to time, as may ap pear necessary for the institution, and consistent with the public good : " That tlie subscribers to the said bapk shidl be incorporated agreeable to the principles and ten-as of the plan, under the name of " The President, nirrfrrrc C. cc C( (i i - " and Company of the Bank oi ' North-Amer'ica,,, so soon as the " subscription ; shall be filled, the u directors and prtsider.t chosen. and application for .that -purpos ( 44 uiuueio congress Dy tnc pris vl4U ui.y:iui elected. Pri ice three-DuUars a Year, Sr AdvertUept 1 '".- nrdpef:lavs for that purpose, to "provide that no other1 bank or bankers shall be estaBUsKejf or u; permitted within the "said, states respectively; during the war. " Resolved, Tlat the notes iere u after to be issued by the said Vbariki payable on demand shall u be receivable in paymeril of all taxes duties, and debts due, or " that may become due or payable " to the iJhited States. ?5 ' ' " Resolved T hat Congress will recommend to the several legis- u latures to pass laws, making it felony without benefit of clergy, 4 for any person to counterfeit bank, notes, or pass such notes, 4i knowingrthem to be counterfeit ; uaIso making it ieloay wrtfiout be u nefit of' clergy, for any president " inspector, director, officer or sCr vant of thelank, to convert any 44 of the property, money or credit I tC of the said bank to his own use, " . t " 1 :'l 'I' " J. 1- . ilx' or m anyf otner way to uc guiiiy 44 of fraud or embezzlement as an 44 omcer or servant . of the bank." I jur. ifConp. vol. 7, p. 87 . Under these resolutions, a sub scription was opened for the Nati onal Bank, and was not confined tu Pennsylvania, but was extended to the citizens of other states. Dur ing the summer and fall the sub scriptions were filled. In Novem- fber, 1781, the directors were cho sen, and application was jnade to Congress for a charter of incorpo ration. On the 31st of December, in the same year, Congress passed an ordinance creating the subscri bers to the Bank a corporation for ever, by the name of 44 The Presi dent, Directors and Company of the Bank of North-America." In f chis ordinance the leading features ot , the plan originally proposed, pyere preserved : but the corpora tion was restricted from holding property above the value of ten mii iioh of doiuirs. In the preamble of ortVinrvr.ee, r: is declared that the exigencies of the United States r'LCUiTtdit indispensably necessary, thai uch an act sriould be immedi ately passed.1' A resolution was dso -ousted, recommending it to ihe legislatures of each state, to :jas lav3, for giving the ordinance its full operation, jfour of ong. 'vol. 7. p. 197. Qa the 7th January, 1782, the bank commenced its operations. On the 8th, the superintendant of finance transmitted to the gover nors of the several states, a circular letter inclosing the ordinance, of Congress and the resolutions of the 26tli May preceding. In his letter he thus explains the object of it, and the benefits expected to be j produced by it. " 1 am confident that with prorJer management it will answer the most sanguine ex pectations of those who befriend the institution. It will facilitate the management of the finances of the United States. The several States may, when their respective necessities require, and the abilities bf the bank will permit, derive oc casional advantage and accommo I tions from it : It will afford to the ! individuals of all the states, a me j dram for their intercourse with each other, and lor the payment of taxri, more convenient than the precious metals," and equally safe : it will have a tendency to increase or th the .internal and external com merce, apd undoubtedly wiH be in- J finitely useful to traders of every state in theUnion : Under a full con viction cf these things, I flattermy self that I shrill stand excused for recommending inthe strongestman ner, this well-meant plan, to ail the encouragement and protection which your state can give, consist ently with wisdom and j ustice." It is but a just tribute to the ser vices of the superintendant of rl- nance, to declare, that to him cfiiifiy is due the merit of institut ing the Bank: of North-America. Whether froathe want of capital m individuals, or from the want of faith in the institution, in the fall of the year 1781, of 44 the one thou sand shares proposed, two hundred had not been subscribed, and it was $ome time after the business of the bank was fairly set a-going, before the sum received upon all the sub scriptions put together amounted to ; 0,000 dollars i Under these circumstances, the 1 1 superintendant of finance subsrib- a!-.ove 250,0 i nk stock, for OOO dollars into the account of the Uni- RALEIGH: one Dollar and a Half ror Half a Year, tn i,f - f . t ""8 v...oij( nuts, i-'-iictitne tutnatatib. u uuii- ui-jtT iu t bbIIr7 the operationk of the msti- vuiiun were coiniucuvw; a..hv.-vu. waf sooii vitwed 46 a4 the source and as the support of crerlit private and public. in"th"e:(lf ginning of the year 1782; trie united states dwed considerable sums o f money. The reauisitiohs of Congress for 8,000,000 ot dqllars tor me expences of thep coining year, did not call upon the states to pay before the first of April ; and in fact they pro duced no effect for some time af ter, and even on the SOth Junet the sum paid in did "not ambuntf to 30,000 dollars. 44 At that period, (thd sbring of 1 782,) says the finan cier-general, 44 the public credit had gone tovfeck, and the enemy built their most sanguine hopes of overcomingus on this circumstance; but at that crisis our credit was Res tored by the bank." The Treasury of the United States was so much in ar rear, that scarcely was the pub lic money paid m. with the one hand, before it was necessary to borrow it with the other On the 1st April, 1782, the U. States held stock in the bank to the amount of 253,918 28-90dols. and Were indebt ed to the bank 400,000 dolls. The directors some time-after becoming uneasy at this heavy loan, called for payment; in consequence of which, the superintendant of finance sold out stock of the United States to the amount of 200,000 dollars', land paid 300,000 "in part of the debt ; so that on the hrst ot Janua ry, 1783, th j United States held stock for not quite and ow ed the bank 100,000 dollars: On the stock owned by the United States, they received a dividend of from ten to sixteen per cent, per annum, and .aid but six per cent, on what they borrowed. 44 But the direct loans of the bank were not the only aid which it afforded. Considerable facilities were, obtain ed by discounting the notes of in dividuals, nd thereby anticipating the receipt of public money ; be sides which, the persons who had contracted for furnishing ratiens to the army, were also aided with discounts' upon the public credit. And in addition to ail this, it must be acknowledged that the credit and confidence which were revived by means of this institution, formed the basis of that system thro' which the anticipation made, within the bounds of die United States, had, (upon the first dr.y of July, i783) exceeded eight. hundred and twen ry thousand do'llars. There was due n'so upon that May. to the bank (cUtecdy; nc:r ere hundred and him. thou -aii.l dol-ars. Tf there iOh1 the sums due (indirectly) for not:s of individuals discounted, ann the like, be taken Into conside ration, the total will exceed one million, it may then be not only asserted, but demonstrated, that .without the establishment of a nati onal bank, the business of the de partment oi finance cordd hot hav3 been perforated," Official statement of the accounts cf the U. States But the United States were not the only persons benefited by this institution. The legislature of the state of Pennsvlvania, being unable to pay the officers of their army, granted them certificates, and mortgaged the revenue of the ex- j cise for payment of the interest. When the interest became due, the j revenue wt&s uncollected, and the j distress of the officer was great. On ! that occasion, without any particu- j lar application, the bank advanced j the monev, and took the reim- J bursement when the 'revenue was collected. Afterwards, "on the ap plication of the legislature, they ad vanced)5000l. for the defence of the frontiers. When the enemy's row boats took vessels within the very port of Philadelphia, and the State nad not means of granting protec tion against so inconsiderable, tho? insulting an enemy ; on that occa sion, the bank, by an advance of a bout 25,000, enabled the mer chants to fit out a ship, which in a j few days, not only cleared the bay ana river, but captured a cutter of twenty guns, belonging to theJBri tish fleet. 4 The instances of its services," says a mercantile gen tleman of acknowledged abilities, and of the first respect. 44 are innu merable. Ask the members of the house of employment, and they will tell you the poor could not have been fed without the -assistance of the bank. Ask the wardens of the Pfintedby J. GALES, (Pointer to h n ; o..i i uuvaucc ouusenpuons nrst time tor Haii a Dollar, and for city could not haye been ayed but bjr mean's1 of the Toiis obtalhed there. But it is not jdnly in these instances ; for in short, there is no service, public or private, to which its assistance has been denied.' Mutual Insurance Society AGAINST FIRE In the State of North-Carolina. npIIOSE Merchants, House-owners A and others, who are desirous of secur ing their Property from Losses by Fire, and who have not yet signified their intention of becoming Members of the above institution, (waiting perhaps, to see the Society com- hmence its operations) are respectfully re quested to apply to some one bt the Directors oriphallv appointed, viz. John Haywood or Joseph Gales, Raleigh ; David Tate or John H. Steyely, at Morganton ; John Steele or Lewis Baird, at Salisbury ; Wm. Norwood or William Whitted,Hillsborough ; John Eccles or John Hogg, at Fayetteville ; Goodoram Davis or Abraham Hodge, af Halifax : Josiah Collins, sen. or Samuel TredweUY at Edenton ; John Devereuxor F. X. Martin, Newbern ; or J. G. Wrihgt or G. Hooper, at Wilmington -before th e meeting appointed to be held' at Raleigh in December next, 1 otherwise they, and t he Public at large, may lose all the benefits deri vable from so equitable and desirable a pro ision against so justly dreaded a Calamty, for it is probable, except there appear at that time a general desire to forward the In stitution, it may be abandoned altogether; July 21- THE CO-PARTOERSHIP ROBERT FLEMING & Co. Having been this day dissolved. . The Stock of Goods on Hand, Willbe soid at Cost, for Cash only BY JOSEPH ROSS, To whom all those indebted to the late Firm of Robert Fleming & Co. arc requested to make Payment. Raleigh, Aug. i, 1804. i Til --ill i i i . BIRD & REYNOLDS, Cabinet Makers, WARREN I ON. s COlicit the public Patronage in the making of Furmture of themost fashio nable kinds. They have now a Stock of ele gant Mahogany, which they wiH work into Articles suitable for ths adornment of gen teel Apartments, either plain, inlaid or or namented. t They will also make Furniture of every kind for common use. The Experience they possess in their Bu siness, entitles them to cousider their.Work manship equal to any on the Continent. Aug. 2. Tivcnty-five Dollars Reward. T3 UN away from the Subscriber's Plantation near Raleigh, his NEGRO MAN, Dick, who is about 40 yeais old ' stout-made, 5 Feet i0 Incises high ; has a remarkable large Beard, and has two of his Fingers on the left Hand contracted. This fellow 1 purchased of Mr. Adam Haywood, of Edgecomb County, in whose neighbourhood he has severs! relations ; and Lovatt Burgess, Esq. of Halifax County, owns his father: and mother. He was seen on the road leading from Raleigh to Tafbp rough, a few days ago, and will, I have no doubt, attempt to secrete himself in the vi cinage of one or both of these Gentlemen's , Farms. The above Reward will be given for delivering himfome in Raleigri, or Ten Dollars ior securing him in Goal; so-that I cret him WILL. FOLK. July 24; LANDS FOR SALE. 'T'llE Subscriber will sell a Tract of 350 Acres; of wliich only about 4$ Acres are cleared, and n'bw under a good j fence, but ftp other Improvement ; on the. Land there is an excellent Spring. The Stage or main Post Road rurrs through a part of the Tract, which is sir. miles south of Warrenton, and three milevricrth of the Shocco Mineral Springs. " He will also sell the Plantation on which he lives, and the, surrounding Lands, sup posed to be 2500 Acres, on which are a good Dwelling-House, Kitchen, Smoke-house, Dairy, Barns and Stables, with other con venient Houses. The aforesaid Stage Road ru3 for half a mile, or more in view of the Plantation. On this Tract is a good Mill Seat, on a never-failing Stream; Timber and Stone for Building, and in a plentiful Neighbourhood for Grist. For terms apply to THOMAS E.SUMNER. I Warren County , May 21. A capital Situation fr a Mdrjt0ht Store in Hillsborough, to be soTd. J)Octor OTarrm will sell his House and Lot, equal to any for Business in the Town. Also Five Lots, well watered andinclosed; W'dsborvugh,Augi Music and Dancing Academy. FRANCIS MAURICE, Professor qfcthe French Langttage, Music and T ESPECTFU LL Y informs the.La , dies and Gentlemen of the city of Ra leigh and Vicinity, "that he has opened a School in Raleigh to teach" tjic above agreeable and elegant Accomplishine nts. Mr. Maurice flatters himself that the mo derate terms on which he engages Pupils, and the strict attention he pays to their Be haviour as well as Instruction, will increase the number of them, which is already very respectable, for the Piano Forte, .Violin, 8c Dancing. ,;.A"fw Pupils will be taken t,o learn French. Aug. 4," the Statk : 7 . ' ' '' .' . . Ji . . V received oy trie r'nnter and by every Postmaster in rne mavc. a Quarter in every s u cccCdng paper. ftPto IT ltated, rTp ssos, on Mn, 'eJqua NOTrrp nrHAT ai m, t, " a w-u Acrm. 1804, philus Hunter, Wjfilrf b"bsCfiber tV l ecand at the fWm. a ee M. Goodloe, thewA,,u likewise. AH Pep. ,, i "'ber, qusJifiJ against said SZ7 SSJ rj ' i : lLC?d,othervviSe;v . be barred, and. those wehtp." Vlsetheyviu io make immediate t0 s 01 THEO. HiAtfp Aug. 24, 1804. 0DLE, nX'rs. NORTH-CARC t vT" 7t . Air A. -THE handsome and & ner in which the Sherift; 1 mar" and the Revenue Officers of t, "hr, rally, have latterly settled and tene the Taxes and other public D.CUnted for a belief that it no longer rema- uthorises they should be remindedof the' neciessa0--a strict and continued attentiorf1 f portant and indispensabla duty 'lsinu hoped and. expected, that the CtVsf those Gentlemen the current - of therefore, is. rather pressed to i? wno nave lauea and ah in i-o. the manv who have doneheu- jut ' M .t0 .n the habit c navin? in Kn . - J&t to call th'eir attention to tlA at :"'"ant arid Balances, published bv 'c T1 Assemb, and bound upVXTk 1 ' that session; VActs At the Court for Hillsboroi wllirh Will mmmenr-a nr. . ' tober next. ,imijti. wnh tIa 1 Uc- Costs, wilfbe had in every . instancevrln(I rear, it is not necessary that more ar- me rnoLic i reasurer beS aennea ana Known to all : It remainson ""jt, Liiai mose con. ccrnea win perceive in tmseatlv and Warning, a renewed proof of his friendshia aim wijusuioh te serve ana to oblige; anJ trey will Tonhwith seriously set ?bomdoiae away the very disagreeable necessity tf hi proceeding against thens. . JOHN HAYWOOD, Afi. Jr.. " Valuable Lands for Sale. 'THE Subscriber offers for Sale, a ' very valuable Tract of Land, lying ia Orange and Granville Counties, bounded by Flat River on the West, by the River Ntuse on the Sooth, by Khap of Heeds Creek on the East, and by a, straight line from the first to the last mentioned water-courses oa the North containing 1200 Acres, and forming almost a perfect square.' Better than one-half of the Tract consists of rick Low Grounds, the wnole :bemg cxtnmefj well adapted to the culture of YV Conv. &.C. and much-of it Tobacco. NorAantv tion in the District of Hillsborough is better calculated for raising Stock of all kinds, and . particularly Hogs, as the uncleared Low Grounds afford a most excellent Kange for them. On it, there is a good Brick Dwelling-House, containing five Rooms, itclw en, Smoak-houee, $cc all of whkrh.at a very trifling expence, may be put into a con dition suitable to the accommodation of a genteel Family. There is also on it, a large well-built Granary, lately erected, and capa ble of holding several thousand bushels of grain. If the whole Tract should be thought too large for one Purchaser, it may be divided into t vo compact Plantations. . Possession may be had this Fall, assogn as the growing Crop is taken off, and Wheat iaay be sown earlier, if desired by the Pur tbiaser. Sueh persons as may be disposed to fiew this Tract of Land, will make application to MrTRichardBennehahwho lives neat to it, andjwho Ermerly lived on it ; and for Terms, application ma- be made either to him, or to DUN. CAMERON. Hillsborough, yulv 16. & tote of William Bibb ALL Persons indebted to the Estate VofVVm. Bibb, dec. of Wake County are hereby requested to pay their raepecnv debts to the undersigned Administrator of said Estate, who qualified at the last Wa' Court ; and all those to whom the said Vv to. Bibb stood indebted at the Time of his De cease, are hereby required to produce the accounts duly attested within the time li mited by Law, ofhenvise .they vriU be de barred from recovery, agreeablv to 3tatute. JOHN NORRIS, Adm. Aug. 2S, 1804. . Ten Cents Reward. AN AWAY from te Subscribec on Wednesday, July 4, an Apprentice Boy named John Hendrick, about bid, live feet tin or eleven Inches higbi i 1 . u'X., 1, .,,?' n mixed hOmS". UtIUUIl W1LC11 THi Wllt- an f(. sjmn Qoat, striped Waistcoat and Overa. He was bound bythe Wardens of the root nf T.ftnrawfr Dia-trict. S. C ' " WILLIAM FLINN Mtdlenhurg, N. C Ag. 17, 1804: PROPOSALS IVill be received by, William Sha, Pty faster, Raleigh, until tte 20th of Septe mas ber next, from Ralegh to Merritsvilieroce.a To leave Raleigh every Tutsaay a:A- y arrive at Merritsville the aame day by' ' M. Returning, leave Merritsy He ctw Wednesa at 7 A. M. a.nd arrive at -- j , txras. teigh tne same uay a; - :obciao tract to continue tor six Month-, tooe paration the first Day 0 October aert. ending the SlstDay of March. . ; Z a , ... oneUcrp t . . lor; ou .a a. 4 iff
The Weekly Raleigh Register (Raleigh, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Sept. 10, 1804, edition 1
4
Click "Submit" to request a review of this page. NCDHC staff will check .
0 / 75