4 -tutday hsVnd'Ted for its-first reading, the, Tlr. "f " - ,V" - - - , - r 1 V-- ,y 5y - . f 4. -v wv'
TgestW ' :-K-. Ai-w-' - .V ,-f.; - v ;w; - r' ?W ';",, W !? andf n igalened. Agriculturist ?U
li. 4'i
t.Vl
:
1"
llublcct ofttheBanks was otiencuinWr-
: -ipd'.witK-mny (ifficultied;i atid it became
f II ' M see our wy ipcwj- ueiuie
Jo.yte attempted .toact .Cr?:
I ; 5fe; e4iqairthat Resents itserisv
t v C j nf urc, at this time&fo 'act St a'Ujun the siib-
( t I : VeVcdtne to,(bc
'I . 1 ' ilipnh Tft:nf.r.i;:thinMnprf pnnnifr is-
S ?VttjU sbait ,wc do 'Ite tariff .".tliat at pre-,
;vol, xxix
FRIDAY, JANUARY
alt?-amt rwHeu tlieiircarae up-op te
eeond'ridin:Behoulatteinpt to bpwf
;vt;the'ipan;ftrt?d7by this 'bill irthe
- ;bnve 'cah'ldopt' under existing cirr
camstknces;H T r. -" ' - f
4 J'ln enterinson the first 'enquiry, he sajd,
' ft-appeared almost unnecessary to set a
. loot proving yhat few are hardy enough
to fdeyi , t'Ware too recently from
,the bosom of - the pe6ple: not to know
hemstprr the trr notes Specie has taken
es:1,Y al?c4Jr be?neat but iixiless ins and flown away-W are thev to
. WVJUlUjJ piUUMW OlUCIWU5 LUCU CUU'
UibnVrtatass
ypeneu- now 'can jc nepcnerwise r : m
'Ml i cou ntnes, and in all 'times; - tli e rani d
deduction Vif;thficirculatinff' medfum has'
; ai vvays oeen attenaed ' by distress, bank-
'Wihfpfff - onrt-wiiti n.rinh t lin I s 1,1 A
s tupidl mu st he any set? of mep who coold
expect it.' . But, Jiir, "although it U not
practicable for the Banks to call in asTa'st
as .they desire, sttll, the operation is going
wju connnue to go oni: t liet us
itnas gono on so tar as to have
om circulation all their notes-2-
tvhatthea? After eyerv State Bank-eve-
rytrxewpern, and every, Cape-Fear note
Is paid in, still theeople Will stand in
debted to these Bank's in about 4,500,000.
This is hot jill. Besides the BanksJthcv
QWetto merchants, to usurers, and,Potev
shavers those vultures of society--and
to one another,' nearly asinuch more say
in'aJL 8i or 9 millions of dollars. Now.
T C M . ml. 1 M ..XL. A. ' J
an, , wiipic is ,tue uiuuey to pome irom 10
pay these debts f Ihe local Banks have
;laitratits drcialibh ; and we
M;haytt:seeri its'effefits buashorttime sinceis
; jrt sveriat oiour Northern Cities c The
rtllTwlkj en-.
jitc .iiaic,! ui ..giving
ffewr.feSiljfis f 'tnsti'tu tJbK JJri for ju
.fjutteiy rfior xxurui-varoiina, s i.ui..ui cucces-
- lo.'tveie nut tuuuuus triiwtiu in uiis ijai -
;si.rlv!et
;ihi.fe Hpbuift and seeiwhailare the facts as
r
nhe year 1819
t0the; amount of
tfesv olScial
;tatenrvenxs ioiv tfliei;4wK9, inowever. are
4roni;thegeargo.t timet
ibrntfeeibpea ,1 82, the
BanlcMd rjptesViP circulation to the a-1
fcb g275;27fe' And at thi time
fheK:
iiyjnlppade: ofifour- yeairs,
bblTeru1a 62,988, near-
dne half p jMie;whple amountor n earr
atfe1wtetSS0a,a du-
. . , V . V Tf W l. T 0. 1vf ,W v& ft. UV w ft
4f money iri;jircuatipn
3ititibb$S cpmbitypuwjy agricul
frfnr realize the
4ilt9;of KiindutrJbnl once a year.
bmMparKclbsy the
iuje'cit ;yv peiiic jEy?s naye peen inus
idly;iyawpl the
Ul? lU tUU JUU1IIV. . IlttlC UCI iMUbCU 111
fUch STler ratidIh 18 the am't
!ijjeM 85,583,709.
flMS Stc? vteet&5a 79, 51 7, Shewina:
reHbft)j; bntjp S4Q4;192; of at the
f! tli oRgSOpOeir "cir-
Idi 6t stoWereh
lUi nff Kin tlteriotesrs still Agoing on.
rom xiie ; .neport . Of xne uorapimee or
,V)CKnoiaers,!we:3ee,Jinai tne a aweq in
I'--: ' .t ".v ..' ." Hi i'i''r; S
icuncjern as speeuny as .possible : ana
vrrtir
Wuacepf i 'tKatlae' that
Lreswiar: insiaimenis every ,iays, oi
I&io'h bther two
itiki'lto dbithemefbn let us looM
Ittjefpraccai Pperaiionjoi tms rme :
Ketpebnl eo wethe j3ariks R5,l 79, 5 1 7.'
jtUnlend;jifg of this
f rebuireday S5l7;95i x at the end of ;
ust p dilg :50 orOOOaltbr
latibn only;Sl,869iOjt)6. Xln fact,they
hnot Jiavc trial amount,' tor we must
ppose' tha1 1 sinte, they Went into.; opera
p, J a rge ,amo u n t o l t n e. -to otes :i s s u e d
14- K'a vd Koin Jrtif jftfil rlcrnvf1 a lei.
r 4k due : allowance for.this.i and aLso'an
Ibwancefor wHatwill jbe brought in bv
h y-ntfed ;Staies;!Bankr "arid Brokers,
(J? yidejit, tliatbeforevthe end of
'fitwti9fe now? outviil ba
jjredfrbm vcircul atioriahd thcvPgople
! N'rth'-Carpl in& 1 1 stand' ind ebie A -to
I hBaiiks jft a- sum not less than 4 mil
i-is of,dollars: tJZ".
.N u w, leap any ;:ommunitjys much ;Ies
1 rricnlturai comtnunity wi thslandus
ration Plf, this" tr6cess'wereTpraci--1
v.wiav uwxrtjss : anq' calamity woum
"..li afti-'-iJL; 1 144
the
t He asked Ihose . opposed to Legis-
lauve uuenerence to answer tne question.
;v But certain, jjfersons, aware of tliis di
lemma, have thrown ouf:the idea that our
surplus produce of the present crop, will
opt only enable the people to pay a good
portion'bf their debts, but will bring mo
ney enbghtnto the State to supply the
vacuum occasioned by withdrawing from
circulation the local notes They have
even gone so far as to tell us that the sur
plus produce will bring into the State, at
least six million of pilars. For; ohe, he
boldly denied if, and diallengbdlariy of
' Xl- J. ' i I - ' V' .1 "i
.vneiii xo prove tneir assertion tie called
an them to put thep: hnarer on the items;
and to show us how six million's will come.
Let us look, said Mr. p. at the, charac
ter of our staples, and the direction and
nature of our trade. The leading staples
bfour State are Cotton, Rice, Tobacco,
Lumber, naval stores of every description
and a few other articles. Cotton isour
most valuable article In themost pros
perous crop years, it was never estimated
that the State exported more than 80,000
bales of 300 wt. each. Last season, there
was not as much Cotton put up as during
spme former years, and the crop itsell was
rot a very heavy oYie. It is therefore, , a
iberal allowance to put the export of this
article,' down at 60,000 bales, which at 8
cents per lb. would yield $1,440,000.
, The article of Rice, had been estimated
in a report of the other House, at from 10
to 1 1,000 casks, which, according to a cal
culation, would yield about Si 50, 000.
Mr F. here enumerated other articles,
and their probable product, and summed
up, by saying that the whole income for
our surplus produce would fall short of
4,000,000 ; but he was willing to set it
down at 4 millions, and asked what then ?
MIL ail this come into the State ? Will
you not allow some of it to remain out, to
pay' . tile debt against us, occasioned by the
balance sof trade i heretofore ? Or will
you not permit some of it go for the
purchase of articles thahavebecome to
us necessaries of life ? However much
we may chu.se to - economize,' we cannot
stop buying all at once. But what is this
debt out of the State ?, Who owes it, and
how contrasted ? It is owed principally.
byjpurf merchants, and by the Banks
Owing to the state of things produced by
the high price of. Cotton several years
since, and by the excessive issues of our
banks, our merbhabts were encouraged to
purchase largely ;at the North, more than
they could pay cash for, and consequent
ly, went in debt. The debt thus contract
ed, without doubt, has been reduced, but
avportiori of it is still behind. How is it
tobepaid ? Either by produce or in notes
of the local banks We know that the
greater number even of our country mer
chants do buy bp the article of Cotton, for
the purposeofiremitting to the North
The CottopXtlus bought either goes to pay
their debts, br to purchase new supplies,
or for both, and in either case, the Cot
ton thus sent bifV.brihgs back no money.
The same may belaid as tcfother articles
besides cotton. As to the Banks, how
come they indebted at the north ? First,
their Potes are taken direct' to the Porth
by-merchants and by visitors ; and 2d, j
they reach the north through the western
country. Th ay are parried to the west by
hog, mule and horse drovers, and by emir
grants who , fly from hard times here, in
pursuit of better elsewhere. As sbob as
these notes, reach the; northern cities, they
ceaVtrto act as a' circulating medium, and
are;bouht, andr sold like any other com
modity in - market. At one time of the
year,tthey .falU-inosily into the hands of
isrokers; but,.in the latter part, of the
BuC I ftirefiee thar will be obji-cted i ing somiliecessary repaid the Canal'
to this, That it is not t-e whole view : that J,c S Ct k - 'i
al-hoDsrh th.'DrMa in ih. ,L J. Z ndraMe.DppSS.t.on,: passed'
p y the debt at the north, jet in thtijrft
place, tne, farmer receives his. price f..r it.
This is true, and it is some source of re
I Pef ; but u n.f-irt a nu tely; the - farmers are
genjra'ly indebted to the merchants who
bnr their cotton and other produce. Ye
if ihey vvere not indebted at all, . but re
ceived all in cash, this would nn$,weaken
(he argument. The notes of the lobal banks
are die only cirtulating medium we have ;
we see that this nvedium is rapidly disap
pearing, and we have been told' that tV
urplu produce will supply us with a new
one. What I assert W'ttiat the! surplus
produce will nut-bringintb the State a new
medium in place of the present; one at
least in time to save the country from ruin.
Mr. F. further remarked thJfrhe might
strengthen these views, by many additional
fcts, but ar present,, he would i proceed
nu farther. From thetatementi and fcts
already submitted, we are driven to admit
certain conclusions :
'i;!vs'l4nayadherfttb thcic rule requtrinz
siimmerlthey are received and held up by
themerchants. .for the purpose of sending
to the South to bay produce. This ac
count forihe fcct, that in thbiSpring $i
Summer, bur hotesih the 'northern mar
kets are morre ilepfeciatedjthan inUhefalli
ai:u. . WMlCIUC Iiovea AUU3 COlieCieP PV
ic incn.iiaiH5.ai; uicvfjurui. -. are.4' sent OUt
In iliai Annn 4-a . Is a.a '.L a" J it. 1 f
the purchase cot'tonvand other produ ce.'
Now tliit portion -of Mr iurblus produce
ihus rpuasedertainly IwilCnoi bring
any v new? circulating ; mediumfihtcr; the
istinagamst' Jhe .State; 4 It ' is: true, ; it
brincrs home" the. local Potes.ibut Venave
J already seeii jthd;bperafibn by 'which: these
.mil sofin diippear, -never again.to;cihme castw
-First. That the Banks are rapidly; calling in
their notes, and that soon all will be withdrawn
Jrom circulation. . !
Secondly. That this' will not only, deprive the
State of a circulating" medium a great' evil in it
selfbut that; after every note is called-in, the
people will utill 'owe the Banks 4 pillions of
dollars, and as rnuch more to other -persons-
making in al a debt of 8$ or 9 millions.
Thirty. That owing.to circumstances already
stated, our surplus produce will not bring into
the Slate a sufficiency of money to meet these
debts and supply amedium.
And that, consequently, but two alter
natives are now presenied to the! Legisla
ture Either to stand by and seethousands
of its citizens ruined -or to step in and
interpose the arm of protection, j
Which of the two shall we adtpt ? Shall
we sit here with folded arms and se ru
inweep over fhe land ? Shall we calmly
witness an operation going on, that will in
the end. break up antfclrive fromijur State,
housands of our most valuable, thuugh un
fortunate citizens ? ! :. B . . ,
Hf hoped not ; he believed that the peo
ple ofNorth Carolina looked wi'th grat
tiBxiety to this Legislamrt',forsoiiie relief,
and if we adjourned' without adopting mea
sures to give that relief, we would merit
their eternal execration.
Mr. F. concluded by saying, when th'
bill came updn its second reading, he would
ndeavor to shew to the House. tat th,
plan there presented, would go ftr toward
Ameliorating the condition of the! Stat-.
TUESDAY, DECEMBER 30, 1828.
The bill providing for an extra session
of the Supreme Court, to beheld annual
ly in the Summer at Salisbury, has pass
ed its second reading in the Commons, al
most without Opposition. ,
Mr. Alexander and Mr. Settle, (the Speak
er,) advocated the bill, as a convenience
to the people of the western part of the
State ; stating, that at present the time
of the Superior Courts is so entirely occu
pied with questions of Law, thkt an Equi
ty case was rarely tried ; that of course
all suits of this description had to be
brought to the Supreme Court at Raleigh,
which subjected the Suiters to biuch trou
ble, and to the expense of engaging fresh
Counsel ; that all this might be prevent
ed, without expense to the State, by au
thorizing the present Supreme Court
Judges to hold van'annual Court at Salis
bury, as proposed in this bill, j j
. Ar. Gaston suggested, that as the griev
ance complained of by the West related
only to suits in Equity the IHpds of this
bill should confine its provisions tol2qui
ty suits alone, and suffer all j appeals to
come to the Superior Court at Raleigh, as
heretofore, lie should prefer this course,
as it' would less disturb this important
branch of our Judiciary sttim-jfabd it
would, besides, prevent d clays which
might otherwise be produced,! where ap
peals were made to gain time only, from
the ne : Court being held but once a year.
ivThe friends pf the bill could not con
sent to the proposed alteration. iTney
said when the Judges were af Salisbury
trying Equity suits,' it would require but
a little more time to' try appeals in ques
tibps of law;; that it would beja greafaci
commodatioR;: to the parties yoifterbed
ahd would i n fringe no mbreVoji.tne excel
lent vinstittitionr of -the,- Supreme I Court,
than If tHeC6nrl:wa3 confined to Chipce-
CJasl 1; out paper;was goi tbVpreV,
into a law. t When onits second readin's
in the House of Coraraonsian amendment
was offered' to the bill bySlr;Vi(i'ergbyi
way of a prbvisomaking it necessary that
individual security should beive'p for
theTe-paymentof this money totlie State?
as if by means of, this loan the work can
be completed, and the Stock become pro
fitable the individuals interested ougblW
become security '
This was objected tolas unreasonable,
as the State ow ns Stock do the amount of
817,50.0, and has loanedlto the Company
taking the Stock . for security, gl2,00f
more, while individuals hold but 811,000,
so that the State will be more benefited
by completi
ual Stockholders
tion be mad
receive interest
upon her Stock ! The .amendinentV wks
"V - . . -
then rejected. But on the third reading
of the bill, the1 amendrbent was again in
troduced, modified so as to allow 10 years
for the re-payment of the principal, and
then 'carried, atid tle bill so pass edr v
In the Senate, this amendment Was ex
punged, and the bill passed without it.
A message being sejit tp the House of
Commons, n Friday, the subject came a
gain before that rlouse, and a motion was
made by Mr. Alexander, that the House
recede from its amendment. And after
some debate, themotion was carried, 64
votes to 53.
In the House of Commons, the bill was
ably supported by Jtfessrs. Nash, Fisher,
Swain, Alexander!! Jonesj Hellen and
Borden ; and opposed by Mr. Potter, who
professed himself friendly to the bill, with
the amendment which he proposed.
On Saturday, in the House of Com
mons, the bill to provide for the draining
of Mattamukeet Lake,: was in definitely
postponed, -6 to 32. The bill proposed
an annual tax of two and a half cents on
each acre of land within half a mile of
the Lake. An amendment was proposed
and carried, to strike out this sum, and
insert twenty Jive ceiits on each acre The
adoption of this amendment,it is believed,
defeated the bill.
On the same day, Mr. SpntilU from
the select committee, to whom was re
committed the memorial of the, Tuscarora
Indians, with instructions to report the
nature, extent and validity of their claim,
made a detailed report, accompanied with
a bill, concerning the lands formerly oc
cupied by the Tuscarora tribe of Indians,
lying in Bertie, on the north side of the
Roanoke Riveri The bill provides for
the sale of their title to the lapds, for
their benefit . ' j
w Our Currency. We are glad trj find I
that our Legislature has, at length, en
tered upon tfiis important subject. The
Reports of the Bank Committee are be
fore' them, and Mr. Fisher has called up"
his bill proposing tof consolidate the pre
sent Bank3 in a new Bank, to be founded
on the funds of State,and the profits
of which are to gb into the Public Trea
sury. The statement made by Mr. F
on the first reading of the bill, Jppears in
to-day's Register and will be read witli
great interest. The 2dreadingof the
bill "is made th4 order of the day for
Tuesday, when, :no doubt, the subject
will be fully discussed. ' ;rfvv ,
On Wednesday last, Tho. Boykin was
elected Brigadieij General of the 4th Bri
gate,ice Benjajnin Person, ,of Moore
dee'd." "The following is a statement of
the ballotings : s
J B Kelly, 1
John A. Camerort t-i
Henry W. Ayerr !
Blank scattering; "
Thoraas Boykin . j
quainted;wrtli IfoCTiiuUuraL'fmprb
ujcul9 ui vital Mcuuu pi ipenion, jiwaa,x. .;
i csvivcuf uiat pe comraissionep. xa puju- -
chase' a Vamberbf:3Ie'rinb: neior thet5 & k
usabf de several -.AgncuUarat SodeieS L v i
of state; y??-
Ttas:reso1yfed bsK;
iQnied utety tatenV ibK procuring' i 1 666' v ' v 1
Vine ltoo6,rif th'e'bestkiadsv; from MK"?v7'
Loubaf's .Vineyard. crnXibng' Islartddpair
also a suiScie'ritsapply. "of the.Kggsiof thfcXx " :
Silk Vorurvl
V eTiopp and believe, that- the aear.-v t V" .
sures adopted Stihisnieeting will i ai;.
tended with valuable cftects.'It Ifasjgl-jY:vfe'
ven us pain "to observethat; out :Farmcrtvf I X j
have jiitherto tajcen Httte .jpfcCfesvatl C'V
promoting Agricultural tmprdyemfents'
tlibugb, iit eur opinion, the- welfare- of 0xt(CA k
State depends so much-uporvthem.;VfifJ -
cahoot help thinkingv,hpwvefvji&
come to read, An theTahinnlet abWelnenw d
ng the work than the individ. I tioned, the! valuablelPaperVinirefatibn
that until the navisra-Jthe best modes of cultivatmw land jinrl rfi!T
e ood,the State will neither Iraisino- crons f varionftkinrli iwrittftn-hv:-:?,. I
. - - : i o --r" ' - ' " : ''.t.
for her . loany nor benefit; some ofcthe-inpsi eiperienccd Farmers Inv' j
the Union when they Jearrt1 how simple Sf&.s
vthat they willt be bremled, upon to make, U'J"
stiine ciiorts to improve me eonaiuon otv,
fnm'r T?a rm i 4 Orrh td a An1 wkah b i&Jmr . .-1
ouf rarmprv -wirpa-ind "liaiierhf oraJftiVT"
would become, without' withdrawihi: their
er.use
many
a i-.r.-a .
attention from any other useful biisinesVfc V
we have no doubt thatmany of themvyiW.
folldw the example ofHhose gbbd:House wT .1
have turbthijir attenf ion tolihist sub
We also promise ourselves mucfi'goodi v'C
to arise from the Visit'of our frietfdMr ..V
Jeffreys to the.Northt feel nfiJent;vt
tljatrhe will discover rreatimprbveWnt?f.'U!4
86 ' 68
51 withd'nc ,
19 V do .
1 108 .
first
Col.-Boykin was nut in nomination after, the
st balloting. t 3 , : i - : ' : ;; C!,
k j&oar31p'KuAwrc.TheBoa of
.14 j. til iuiij!'. auu i i nu i ai . , Tiriinnm v. faw t k t
jreneraity, ot whiqii we have littleK doubtiV?
he will make a very .interesting Uepdrt'aVvuri?,
the next anriual Vneetini of this Board.r ' 1
iiic Society. At a late mckindf-tSbVtf
MabageVs of theNorthCaroljnaBibi
ciety, in this City,thYoJlowmtf Reiola
tion was adopted i -Z : - ; f . '
"This Uoirdreffadinjtjt'fa4 aVWlrabIev V'" "
object that all the dsdtu.fc families within thU Vi -
State should bt.fnijhed ..with.a;,.eW,bTitbavV"VvR
Scripture. : i ' " . A ' "
" Resolved, therefore? thaba r.ftmrhtftpVV. -
pointed to institute -a qprrespindepfee withhtiir, f s
Officers of the existing: ' Bible ;Sbjieti:pf Jthe'
" ",,Vi M5 Ju-4ciiuar, jinciiviauaivaS" 7 '? "'
o the praettCH-bintynaMhe best 'means of Jcft tV r-S U
fecting thu object." ; - r- , a rr;
- - T ',- v tvo auum ii tcl avcuru ID
' " iias uccu'wijuqn, WOlCni J8" i '
now in the press, and vveavbHttlb'doufc'J
?mne a7r.The; following g6itle;VY-;
men, in addition to those' afrea
tioned, have obfained KcmiVpSctfVvV
Law in the Courts of thtf Sbrtetf -v; frf''''-:
beson ; Joshua. CocbranbftFayetteiUe'i-?
Edward Ai'M'Nally.bf Ulizabetb Cifyft ' 0 T iY'
R Uilhamson, of Xmcolnton; Wijltara r-vV
Sutton, of Bertie ; ,WderkMdrchisottr -Vi
of Stokes" . -.NJ-v-: .r.vV
sTVio o ,Gejf Lyman.Lit appearslby- ;1'
the Boston papers, fthatHhe libel suitjn-VV'Yv ; j
stituted by 4Mr,:ebster against GederaliV'
Mjriuaii, na rouuep in. the aiscnarsetDt.
th,e Jury, who were not ableto affree: ten - " " ..
being in faVbr of al
against
cbnvictibn; and -iw6 ';- .
A J"! Js to take places' ?.y'-W
mrtc.-.The Sepfiteof Kentuckyr v
have rejected : by a ybtefjir toilt the t Kf&i
bill for tailing aCbpvenVioninWtSt
LatZt iKmVmtThe'Baltimb;"'"
ma?'.? InsuranceCimpnni naye dec! ared " J Z
a dividend ol 8 per cent for ihe current' J j
year, on their capitallstbck."' rf ,
When -the Tennssee Electors tin r :.v
Uheir votes at NSsvilIe,vfo iGenl. Ja'ck' ?:' V I"
son, the event "was announced by thedis-i .5 f
charge of 100. cannon and in. the Evening '
tlie town was illuminated. Y - - ; yl''''K '
(d-In lasVif .was'VatedtKMrIe.-;
ns-to incira& the fees of Jailers. . It should 2 -V v
reau to'tatherfeeB f Jsderst the object ; 1 - '
of t ,JbiU being lo.dfminisb, instead of auement-V .
rla Ouilfbrd county, few dafs tfaro, a't-th "