'TxyTT v'- ."t: v'!-.; v ;:'--v-jV; .y, ' FRIDAY, DECEMBER 2, 1814,1, t t V
-1
X'
i r
TftlAtVKY
DltARTMCIfT,,'
f Nvcmtxr 15. 181.-
K5tirfintheS4rttiry or thtTrtt.
dJl7-L . ct of cWret. tntltUd" An
ZiU tuiboriii 'ow tor turn not
,Lr7 ., . '01a tor a turn not exceed
" - F ibe United Stttet UUi ltn
ed
&y of Nortnocr,
ulswillbe recciTcd
Tress my from tbat
wnllhe first dr
Janoary next, ana
oft at toon at it it
siviillbedcu
Trl tad iramedilt t'cs of ih decision
"?Tfoi Uoited Sutn.of
Ca.nolTnt kxUioat or Dotuxat,
tfl pvttawO onM followinS lernu
J. following mwtj
1 fortb amoaot Icaaed, itock will b.
iiiihcB lb itttJmtois rt com
trtci. kemnj intertst at tut per cen
C, innora, piyiWeihrter jrttrl. Tbe
Jock will t reiribirubte tt ibe pleuure
.f.wUriied Sttei itoy time after
.1
twe JeUi fr3in hc 31,1 ot De:
ccmbet nt d S-nkiAj Fn-d is
cvirgH wib the pijroent ot tbe inur
ot tad ib t eimbutsetrent of tie pno
cp' ictordmj tojeenrract.
xnepcpiMii must statetbe amount to
b knf tn r which the tock
v bs leceirtd 1 tb inwslmenti in
hb the psrty will make tot' payments
snd the bok in which tbe payments are
tobtoaic - I '
J. Ttt psymetits sr:li pe receireo tnei in
aooey, or in spprclred bank note 5 or
m Trtinrj 2otc due on or btjort tie t
cl fxuiewj next, at iixir tar value, xaub
a .mierttt tteiecn axented at
xAe time tf
tcrmrnt. : Bat oa failure to py aoy 10
iumeo ai ip iira
rpulated, tbe rext
prtctdicg lostaimeat snau oe xorteiiea
for tbe ose of ibe United Sutts.
4 ScrTvcert&catea be iisocd by the
Ciii of tn banks where tbe psymcuts
thUl t rnsAf". to tbe peracsa njkjQg tbe
urmcbUt tbe Cashiers will, also, en.
icn tbt payment ot tbe sacccuive in.
tilxcnti 1 tbe scri-ccrticates will be
au (tublc by ecdorsemest anddxJhrciy ;
ar4iU be landed kt tbe lean efficeot
ibe State ia woich (he Bank is situated,
wtcit tbe pijccnu have been made.
Si
SiD ! Stcrciary of the
Treasury.
1
NOTldE.
THE lubsoibers btrjng qualified on this
dir. ta tbe Lxccutora of the last Will
aadTesmBt:of HarcioD, alillcr, late of
. 11 .
Zxktioipb county, oeceaara rrqucac au per
icna iuing dcnaitds against their Testator
torihibit tbe same for bayment within the
-txe prtaenbed by Isr4
Kndolph,NoT.8 V2 5w -
Sutc Bank of N )rih.Carolina,
RuUigh, : Sth .Yov. 1814.
Apttably to tb Sod 1 cction cf the act in
orpctsitPg tbe; Statt Bj nk of North-Garo-i,tn
E:eci.oflcf eineteen Directors of the
rV.ccpa Bank shall tak( p!ace ann Daily on
utntMandi 10 Die ciber.
Tie Siockbollcrs of he saki Bank arc
therrcra csIUd on to bold said Eiectioti', ami
tsa:tead to such o htx business in. relation
to iU grncral ihierests dl the Institution as
Bay be judged necesasjy, on Monday the
fiUrbf December next, tt 9 o'clock in the
Qsnung. st the, Acadeniy buUdings in the
ay 01 Ksleagn, I
By ordef of the Enari,
Via. 11. HXYWOOD, Cash. ,
CT Such SuxkUutdtri aa do not attend
UUcciion ofDirectoxkeronally, will au
pruxjta ia ibx form heretofore
pe-
I
p EAtiLE HbTEL,
T PnbIlc rePJuIly informed that
, U f "' bers haying purchased this es
JJIshacoi f,.n Mi. Chailea Parub, have
p)jKM.en and arc'prepaicd to accom
rk'tl ers in ihe best manner, having
Ftkmm with rood bec.themost
v I tnd evtryfaiiicle io ibe.r line
-ti in me sn:ncrn s atta, and
are prrpirtai td take from thirty to
JMber, df the eniu.ng Genctal At
J. They lope ii ia Lontcesaaiy to add
ta.,.01 o'raininj aiten
ra be pa,4 to thoee who favcr xhem
ili! culofey iv also en2aged a
IdW n4 arrint4ndant from Pnda
oUiS,n2 owwMsud txpeii.
e? tnenB, with tbe aid of careful
10 give
-wuipaie satiah
ion.
SAML.C
Oct ca
ItAME & CO.
3 tf
Tcm - t -
lUv uufLLA"3 REWARD.
Ira1 Job Haey. oo thc 7lh
bttTLl fie.nUCT,4x Jtto Man
?8b?!:.lJlM 2lbearsold,5 feet 7
with a scar on
has S . sly
took with
Utcmt t,;L7 -T w souuUored
Lt.i iTmep,rr0a has giren him
! Neat f -JJCtempt to .aa, for
Wti f Wm. k rLa .s io the
h;v.,;iic
7nc Mtacham.:. :
coaay, Oct.
(9
ww
1
1
j to
A Female TcacKcf vanted.
THE tirnation of Femalt Teacher in the Aa
cademy at Raleigh It At present Taeant
A Xsdy well qualified to teach the Otnamen.
tsi Branches of Female Education, soch as
Painting, Drawing Embroidery and plain &
fancy Work, and who has besides a comDe-
tent knowlcdga of Arithmetic, Cnglisb Gram.,
mar, ireograpny, etc. and whose manners are
calculated to inspjrc respect from the Yoong
Ladies who may be placed under het care,
may meet with, a comfortable, and permanent
situation on-making immediate application to
Joseph Galea, President' of the Board of
Trustees, at llaleigh, N. C.
Novembers, 1814.
Z Th next. Session of the Academy will
commence on the 1st of January. .
4 CONGRESS.
HOUSK OF BEPRESEXTATIVES.
SaturtLty, A Vt. 12, -Mr.
Hall, of Geo. submitted fire re-
1 1 solutions on the subject of Treasury
9 0
notes. Tbe 1 si directed an enquiry in
to the expediency of issuing million
of dollars in that species of paper, which
alone, with gold and silycr, should oe
receivablo in duties and taxes, due to
tho (J. States. The 2d proposes mak-
lntr them a leeal tender. . The 3d di
rects that the Secretary of War shall
....a t-rt K nnrrhiiM' in rich Star
suppUes for the Army and Nary equal
othe amount of taxes collected in it.
The 4th provides that at the end of 12
months, the Treasury Notes may be
unded for 6 per cent, slock. The 5th
directs that the taxes, duties kc shall
be pledged for the redemption of the
Notes.
The question on consideration of these
resoires was isKen separately.
. .i t
The house agreed to consider the 1st,
3d. 4th and stn, nut reiurea to consider
. m . e a.
the second.
But after some few obserrations, the
question on laying the resulutions on the
table, was acauoci in uic ainrmauve oy
a larec majority.
A bill wjs received from the Senate,
entitled " An act making further provi
sloo for filling the ranks of the army of
the U. States. This bill was twice
read and referred to the same commit
tee of the whole house, to whom is
committed the classification bill of this
house.
Mr. M'Kim of Md. offered for con si
deration the following resolution :
Rcflvea That the committee of Ways I!
& Means be directed to enquire into the cx
rA'irnrv nf Imnoain? a dutv on 11 troml
j merchandize, imported into toe u. btates,
I which under existing laws may be admitted
I -. a rj j r anu
to entry free of duty." Agreed to.
Mr. Eppea of Virg. made the follow
ing report from the committee of con
ferencc."
M Tbe managers on the part of the Senate
and on the part of the House of Represents
tires at the conlerence on the amendments
of the Senate diagreed to by the House of
RepresentaUTes to the biU entitled "An Act
to authorise a loan for a sum , not exeedinsr
three millions of dollars," report, that the 8e- disapproved of thia plan, he did not offer a
nate do recede from their amendments to the nolherasa substitute to it Instead of a bank
said bill, except so much thereof as strikes
out the last clause of the 5th section, and do
agree as a substitute therefor to the two fol-
owing sections, &.
"Sec. 6 uoeVyrtAer7UJCed',;Thatih
addition to the annual sum of eight millions
dollars heretofore aDDroDrLtLed to the Sink.
I ing- Fund, adequate and permanent funds
snail, during tbe present session of Congress
be provided and appropriated for the psy
ment oi the interest and reimbursement of
the principal of said a took created by this act.
'Sec. 7. Arid be it further enacted. That
an adequate and permanent sinking fund j future loans at the price at which it was con
to reduce and eventually to extinguish then tf acted for with thee overrrmenti So far from
public debt coot' acted and to be contracted
during the present war shall alas be estab
bshed during the preseut session ofCongrsi.
The report having bceh read, it was,
on motion of Mr. Eppea ordered to lie
on the table, until the bill should be re
turned from the Senate. It was subse
quently taken up, Sc the report agreed to.
Un motion of Mr. task ot N, Y. the
House resolved itself into a committee
of the whole, on the bill to incorporate
. i i i . i i
ine auoscnocrs io mc oanxoi tne unit
ed States of America- Alter the read
ing of the bill through, to give it prefc-
rence in uie oraers oi tne day i ,
The committee rose, reported pro.
i .i if i: j l
Mr, Troup of Geo from the commit
tee on Military: Affairs, reported a bill
to authorise a donation io land, to per
sons in the milftary orjOavaf j ser? icc?of
tbe tnemy, wbV shall come within the
hmiis, and claim the protection oF the
government of tbe. TJ. btates.' , Twice
lead and committed, ' . ; I '
Mr, Rhea of Ten. lad upon the;ta
ble'.bc following' motion which by the
rules of the House musUieYof one day i
Refined. Tbat the folio wine rule be added
f
f
tbe rules sow order of tbe House: :
f "That when a bill be taken up for coni
deration, whether in the bouse brio the com
mittee of the hole house, the house or the
committee of the whole house shall continue
in session until the bill is gone through.? ; ; J
; The houe then resolved into a com
mittee of the whole, on the bill to incor
porate the subscribers to the bankol the
U. States of, America. ' . ( , -r
The first section of the bill having
been read which proposes the establish'
ment of a Bank with a stock of 50 mil
lions, divided into shares. of $500 each
and that subscriptions be opened at Bos-tob,New-York,
Philadelphia, Bal imore
Richmond, Charleston and Pittsburg,
for 30 roil!ionsi the other 20 to be re-
served for the govemfnenf.
At the instance ot dff rrent members,
the places for! receiving subscriptions
were extended to L xincton, j K. New-
Orleans, Nashvjlle, Washington City,
Raleigh, Savannah, New-Brunswi k,
Utic, Portsmouth, Chilicothe and H 1
lovrcllin iMiinc Sc Pittsburg wqs struck
ouU The com miss oner named for
receiving Subscriptions at Raleigh are
Messrs. Sherwood "Hay wood,1 Beverly'
Daniel and Wm. Peace. ,
Mr. Lfwis made a motion, the object
of which was td establish the Principal
Bank at the city of Washington, instead
r Phtfadelphia,
. ar.t,eww.ic
motion was neeratived. a-
bout
30
members only rising in nv r
ofit.
''.Mr. Gaston ofN. C.saicf, before-the
committee proceeded further in the bill,
he wished to propose a material amend
ment iq it, and, with a view to ascertain
whether the house were disposed to
hear him In support of his motion at this,
late hour of the day, he moved that the
committee now rise which was negativ
ed ; and
Mr. Gaston proceeded, in a speech of con
siderable ability.' and more than an hour
in lenetb. to lav before the committee his
views in relation io this bill. He professed
himself anxious for the establishment of a
National Bank, which be had always favored
when opportunity offered But it was his
decided opinion, he said, tbat a bill like that
on tbe table would not answer the purposes
of the nation or tbe government. - This view
of the subject he supported by various objec
tions to different features of the bill, & par
ticularly to the mode of subscription n stock
of the U. S. ; (he operation of all which he
contended would be to throw into circulation
a quantity of paper, founded not on a specie
capital, but on the. credit of the (J. S. stock
kc. which would therefore, be of no greater
value than anv other Deoer which the U. S.
should make receivable in taxes, tho' much
more expensive to the V. States.than Treasu
ry Notes or bills of credit would be, &c In
support of this ides, be adduced many illus-
irauona, irom writers on inn budjccc rrom
our own hiatofy, and from analogy. He ob-
jecled also to the proposed appointment of a
part of tbe directoisby the President, to the
Ur oortinn rth stork tn be held bv th it
Sutes, ike. He wound up his argument on
these and oth nolnta bv nlwrv.ncr. that o
he was friendly in principle to the es'ablish-
ment of a National Bank, he should not con-
aider himself as doinir his dutv. if. while he
of a capital of 50 millions, he would estab-'
lish a bank whose capital should not at far
thest, exceed 20 millions. He considered it
as by no means important to its success lhat
the government should subscribe a cent to
its capital stock $ but as that was a fashiona
ble idea, he would say a portion of the capi
taJ, 5 millions, should be aubacribed by the
governmenti and the other 15 millions to be
subscr.bed by individuals, 5 millions of it at
least in specie, the remainder either in Trea
sury Notes at psr, or in 6 per cent, s ock of
future loans at par. or 6 per cent stock of
- .
such stock being inalienable as now propoa-
cdte would permit the Directors to manage
& dispose pf it as tbey pleased. They might
lend money to the government if they found
it to their interest aed convenience to do so.
Hewould abolish from such a charter the idea
that the fiat of the President should at any
time susnend the payment ot specie by the
bank.' If any plan of a National Bank could
succeed, it must be oh something1 like the
olan of which this was the outline. To tt
the nrincinle of this bill, and -whether the
House were disposed to accept any amend
ment whatever to it, he concluded his speech
by tooving to strike out 50 millions (the pro-
posed capital stocK or uie uanaj auu. inserc
in lieu uiwrcoi ui uivt., : ....
' I On motion the committee then rose,
and obtained leave, to sir. again.
Mr. Eppea of V a.' remarked, that in
the late calls ot the muiiia irom aiticr-
ent parts ot tbe uniieu ouies, me per
sons composing moat u ujc wum.uuicuu
had been compelled to leave iheif homes
with that cloatbirJg suiuble for the sum
mer season, but unfit for that now ap
Droachihcr ; 1 and.' in-various instances,
thy were suffering for want of elbath ,
wg fit for the season. They are una-'
ble to return lor cioaiuujg, ana m ma
nv instances are not able to' procure iu
To briog this subject before th Home, J
Mr. Eppcs moved tat the committee
on .viiufary Anaira oe msiruciea to en-
quire lnioine expeaiency oi auinonnng
the Secretary, orWarl' oiv thevapplicar
tion of the commanding onicer ol any
detachment of the militia, to furnish the
necessary clothing to ' such of the pri
vate soldiers of he militia as may request
it, and ; to deduct the same from their
pay; ' The motion wis agreed to r
The house went into a eommittee on
the Bank bill. Mr. Gaston's motion be
ing under consideration, Mr: Fisk of N.
Y. spoke at length against it, and Mr.
Gaston replied. 'It was then negatived
79 to at. -;
The 2d section was then read, which
prescribes the manner of making, sub
scription and the mode of payment,'
which was to be one fifth in specie,
three-fifths in specie or stock of the, m.
S. and one-fifth iri specie , or Treasury
Note. - ; ' ;
After several attempts at amending
this section and considerable debate, on
motion of Mr. Culhoun the committee
rose. ' ' y - : ij.
- - Wc&net day, JVor '16;, V '
Mr. Trcupof G?o. from the commit
tee on Military. Affairs, reported a bill
making provision for the widpwi and
orphans of soldiers who d;e or are killed
in the set vice of the United States, j;-"
Mr. Troup frm the conmittee on
M li ary APTairs, reported that there was
no occasion for any provision in respect
to the furnishing ' f militia with clUbing
as con'emplated by the resolve adopted
yesterday such a provision being al
ready in existence.
The House, resumed the considera
tion of Mr. Rhta's motion requiting that
evry bill under discussion shall be gone
through, before the adjournment, on the
day tt is taken up This motion, on sug
gestion of Mr, Bradley and.Mr. 0;key,
was so modified as to require the que
tion under discussion to be dectdedron
the day on which tt is made, l nus a
mended, the motion was opposed with
wit and argument by MeAsr Wright,
Pitkin. Duval, Gholson, Macon, For
syth and Alexander and supported by
Messers Rhea of Ten and Fisk of N. Y
Mr;.Condict moved to postpone it inde
finitely. -At lengih, io put an end to an !
uuprofitable discussion, the house, on
motion of L.ownuec, proceeded to the :
Order of the Day.,
The hxuse resumed, in committee of
the whole, the considera:ion of ihe bill
to incorporate t the Subscribers to the
Ba'k of the U. States of America. -'
Mr. Calhoun in a very intrenous and ela
borate speech, laid before the houe his views
on this subiect. and tbe reasons why be
I should propose a total change in the fes
tures ot the oui. ine motion ne suouiu
f . e - s s
make was one of limited character, but such
a one as he proposed to follow up by other
amendments, or by distinct, legisia ive pro
visions, which should together embrace a
plan of which the following is a brief out
line : The Capital of the Bank remaining
unchanged, at fifty million", the pa menu
of subscriptions to this capital stock to be
made in the proportion of one-tenth in spe
cie which he afterwards varied to six fif
tieths and the remainder ; in specie, or in
Treasury Notes to be hereafter issued ; sub
scriptions to be opened monthly in the three
last days of each month, beginning with Jan-
uary next, tor certain proportion oi ine
ttock until the whole is subscribed payment
to be made at the time of subscribing,- the
shares to consist ol one hundred instead of
five hundred dollars each the (J. States to
hold no stock in the Bank,! nor any agency
in its disposal, nor control over its opera
tions, nor right to suspend specie payments..
The amount, of Treasury Notes to be sub
scribed, viz. forty five millions, to be provi
ded for by future acts of Congress, and to.
be disposed of in something like tbe follow
ing way, viz. Fifteen millions of the amount
to be placed in the hands of the agents, ap
pointed for the purpose, or, in the hands of
the present commissioners of the Sinking
Fund, to ?o into the slock market, io con
vest the Treasury -notes into slock ; another
sum,' ay five millions, to be applied to the
redemption of .the Treasury Notes becoming
due at the , commencement ol the ensuing
year; the remaining twenty millions he propo-
sed io throw into ctrcul a u on as widely as poo-
sibU. ' Thev mizht be issued in such propor
tione monthly as te' be absorbed in tbe. Subr
scripUons to theBank at the. end of each
month, uc. . This operation, He presumeo,
would. .raiser the valueof Treasury Notes
perhaps 20 or30 per cent: above par being
the vilueofthe Drivileee of taking the Bank
stock, and thus atford at the same time a bA
nus.and'an indirect loan to the government f
making uiinecessary any loan by the Bank j
MnrU it extended circulation of paper shall j
enable it !o make a loan which ehaii oe aa-
vanfaeonj to the U S.. The Treasury Notes
eo to be issued to be redeemable in stock at
6 per cent, disposable by the bank at its plea
sure. Is without u nctipof government ;
to whom neither is me Dans to dc compcuru
i.n in money, a nia, is peuevea, is,
an a few words, s fair eateraent of the projta
of Mr. Calhoun, whtcu be sopportea iy
Variety of explanations of lU operations, eo f
th noiaa of the lieni. wutii is opcrkiion, to ,i
be received excla ivcV in i the pay-fent of
taxes, duties and aebtai to tli Uniccd States
The opemion'bfthlseombliied plan Mr. C.'
eoticetve:w6uiMe
the immedittwssutheja
,A permsweot jiioB"iofJhWiei credit s
and; 3." A permanent and tsfe circulating me- -
dium of general rediti.The10
go into operation, h prppoed Jn April
next. He concluded hisexposiuon By, a mo
tion the effect of; which: it jto deprive the IT.
S . of a v share in the stock of tde fiank,f and
to chantre the prorortionof f pecie ; and, pe
per in.which shall bej payabla co bne-ten;h. .
m specie, ana ntneenins in, reasuiyroiea-
This opened a wide and mtc resting
The motbh Iw'as
supported; by Mr,
Lowndss and opposed byjVIessra. Fik'
arid For ,sy tht The comoiittct the
rose" knd''rttti6?r-iiy u
On rit t?oh of MriM-Ktni of Md the
Judic"ry cotrtmiUcej
ennuire into tne expi
was instructed, to
diency and-neces-
silt jof prov i d i nt by ;law. for the puni sh
ment'of persons; voluntarily holding fc
ttr course -witlv jhes eettijf . without the :
permUsiypi of guvernmen't. . , . , ,
,A; letter was receded, fVom tbe Act
ing Secreta ry 6fiS:ate,ditU fetbthat
all- the maierial papn0
were saved on i the te iursion ofthe
ehemr into this distrtct f - 4
r The houae agatbiriemM
whole, on the biir tbv incorporate tiler ,
subscribe rsi to thej khiijf the Raited
StatesroTmeTicaivV !.'-- if f: :'-
Theiimpbrtant amendment yemday
nrooosed J v Mr. Calhoun to the"; bill
Pfing still und r consideration, Messrs.
Wright and Oaeyjsp inr iU.faycr,
ghai
tiori was then taken
andcarfiad.by" a
majority of.ab?ut 60
votes t ; V:
The com ntittee ; then i
rose and: re
ported progresi. 4 ;;i i''y: .
Mr. Troup of Geot reported a bill to'
authorize the rcsidint -te
receive into the service oT the "United
Slates certain corps vhidh may be raised
and organized by any state to serve in
lieu of ibe militia thereof. Read; Sec
Mr. Calhoun of S.! CJ remarked th it
he looked upon the decision of the house
on yesterday as ind icating a disposition
on the part of the h uae io change the
while- nature of tbe jb.ll, now before a
committee of th"ewholeij for ' incorporat
ing the subscribers to the Bank of the
United States of America. As many
am: ndments inid tail! would be required,
llic thought theimost proper way io act
on jhe bill would be tore-commit il lr
amendment to a select commitce.
This motion wasbpposcd and with- .
dfa'n. The House lagiua ..resoiyed ,it-
sll in a n committee and proceeded to
the consideration of the1 3d sectiop of
the bill, which iconempUU8 the sub- '
scription br tne1UmtSuL;s of 20
millions in 6 per ce ni stock to the ca '
pitafof (be Bank; "
, Tins section Mr. Calhoun moved to
strike otit 9f the bUKj:t . . '"
This motion produjcetl jiebate -Mr,
Forsyth of CoVjUid fcc hop? d :
the section wouli, nQi jbe struck oil:. He
considered ii imporianl that ihe UnUtd
States, should bold a certaia.propontoa
of the slock of thff Bankj because he be
lieved the privilege-) of so doin g would
be valuable tothe government. In the.
stock oHhe old Bank; ofjihe 13. S. the "
government hdet held a "considerable 1
poi tioriof the stock, ind j the benefit dc
tived from it had not bzen denied it
had been a matter of boast on the other 1
side of the house, and the repubrican
Administra'ion had thjftd the advan
tages arising to the government fV'iin U. ;
Mr. Galbouh pd"te pjnfcipie of his
motion h id bctriv decided by ilie ioiriciid-
thent which i bed jbcenj made 6riihe ind
section.' Consistency the N-
nbus afWr deciding as they did yes
terdjsy, should oowatiike out cliis acc.
uon. v; - ' (' r vv-' '
After someA debate, the motion to
strike out was cbrned79j to 53 4 if
The committeci then f proceeded in
further examioaiinrr arid afhtnemeutof
the details of the bill,; in the course
which considerable debate took place,
involving generally the minor princi
nles of the art or!science 4f bai.king ;
Among ihe amendments affrd vr i? ,
the t j lowing,, viz .. a f r "
iqich as gives Uit goye Lcnt a 's ia- r.
in the dtreciioo bfithel -fr w -as
orobibita thevbank!;frn..tlih;
United Sutes' stock, m-ith.m
into ''its "possession ; so .on a
the bank to loan thirty o-'m- '
government, &c. -
When the committee :w
sn iracn.ment srss oodr
ixgainstr tt. 1 hequs-
f1
MA
. 1
X
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