Newspapers / The Weekly Raleigh Register … / Feb. 27, 1829, edition 1 / Page 2
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On j irr.ro ihc.cpy.uaittc? b " -V - -- U. .IX .r;X-iUeJ-aariWt-fl. f.r.'. eight veara cf thorcpm - ' .w,.-C. tio fron 1803 "to .1815; liv the Vw-y termsiul. tue Li"er, uiey Jf5rr-rrJM..? ,m ' i-v.'-j-j v..:. -pu. : ftrit'ii'oW "owns in;ahisanstition.aa iiiT-i.r hm.Us inious; .U? year 1 ---i K,n4hls; 4r .f any MOC?edihW.to,illi.cli., I.e ws.a; pwityi cent: .OTheffragc annua profit Jrotn.4tfl2 h W 'W-' . n- . 5 " -;iwVS4tS h,W08 sharps, estimatedat itsj.ar value 82??'6?, spci.r. - -"-V - "He stated theVhole amdun't .f Bank '.f liiwrMir in Statfc to be TlSTves equal to 8W8 Vmnnira-Vnst The result is, that tlie State; has :A..i..J:tiVia.MlKV a toi-t to soecial olfadiner r, It eentle-1 afM.i, tnP wfiirJi she had naid a oer , ; (. . this aufcj : j ; , ' .n -d - , i U r;rr-s to'deii; ?l;;T).'vha'td-;- thWpjcct owe t'oniyrjij clicved, sir, lliat.usg mstilunosii liuvc rnAie i incii L niW -Thfei?' profits !;ayo beervvr. Mly ovcrrdted-rr.r.a r. t content Wh;theiKA hUliare'h'lclTttie ta(e;hr3irrSvcd,"y.;clr.rc-?viUu;to pun'cTv giacoimscattdn vith .tlie,isanKssarc there ntt irUiiT Consejycnres tr be atiiirehended ?Yilf youfticu stop iCan;youitoiK?i"Obr fa. V have-not all the credit tit Svtiicri they artf entitrcdfor: tKata.- nro vision in tur cuitsiiiuiioiu .wiiiuii wiwiuuvcs one nrancn effisiauiriv ui- iruanira!i:orucrsij..iiit!,oiiivr ui nroDertv. - poverty, jagaioat wealth. j the paQraaIrJtheicit,Coh fixation may. haye pm(eduut:ijjia4.pitcftat buuhort inter-' vaTs, impmonmentt : Uahishmcut aitrtleatlif trusl:tUe period . - m -"j. .fits; " 'il.V Vit- , ;nE, 7 -8888,689 stock now owned 'bT the received for every share oT ' cent- twiqe as lare, as ttiat - .'Wn v I10 'feprwfnt her, are disjwsed that she,sliau assume tnisai- divided by the other corporatoi-santt sue now cans upou uiem A : A :j- iuM-s .Wkat'aw'ihf! farts ? --TIicl State reduire8l 0..Mn.iot. th .AQt tHai th extortion andusurv and - onoression very jariisianwneniiw, ireemm jut. uus tuu 1 in;, a 11a u weea fAfter reihkjiu special'orderof the 4ftY,ta an elfCtOn.forPnter to execuie ihVSe naterVH fot'iheZriest CancssitThe.tvhole number ofVot?siva in Wa "49 netessaryito a chojcel-r otvnicb DuffGre eh had 24Dd Gale9"i8t $eatbn l6.Whereuponv;DutTareeiWa b dult elecfcdcv Miv HendricbV Trooi, thCoininitVee dq ' Rok'd andCinali reported a bUf authwising aaubseriptroiinf thpaitor the'Umted States, of 2,500 shares to the stock of the lSoath:gaToHoaH' Hall Road Cbmpany.. f8ime, private oM were1 acted spon :Three Cnours were 1 ) -'-'thnStowtQ be brought into, mar Kei,.ai a iime.wueu m lanuturi- represented by .the gentleman iroiu waimc umi p-.ucuf a.. ! : 0ll tlici-e is na siiecieJntheiutry., -The Directors advertised, is the State innocent? J. Siivve should have, regard for s our own I ,:' 'br tbrce hiohtWtn all thenewsjiapers,; that the Stock is in mar- characters; and we should manifest a decent respect forUja repu- ! Vet; and ftiat current bank notes will, be (ereived in payment for it, tation of those who have gone before us-,-1 never shaJKorget the the advertisement aaieu i' ; ' j remark of tlie distinguistieu muiviuuai, to wimin nave jui imu ; v f&ir; Swatif here read 1 -'Is:-viv . in pursuance of rclomtion of 1 spent in the. sOnsideratiQn of executiye busioes m V . i The Committee on Finance reported ttpontherRe3plonbria'rferre ia themfon'ihe 'lrh ultlrelatlne to the Public DeKtTtfiA SmV!,.;,! the Revenue, .the Bifancea' of Depogitcs in VtheiJBafk of the 5, United ) pedi,ent t.o act tin any ofjfte'lty the preservatin;and repai of the Cumberland , Road twijT read VYeconi time, andreferred to the CpmioUteeon' Koadg; ahACanali.". Three hours were spent in thV consideration of Executive business.V '-ir. XMortn-uarouna iae joaoK, . , 1 occasion 10 aiiuuc, wwnmniru hh .mr oii , 4 Tinnci? hi? nT?pnpi?VTiTTvi7c f v.".4 .vi&eriaili1818.:;V5;. ; i arid of whom I never think but ith mingled Reeling of admira- 'V'rTfi . thc Boafcr. of the 26th ultvto open Books of HWUionV aftection and reeret. It was a quotation alike appropriate I iscrlntidnforthe u occasion which palled it forthand tu the present crisis. ber i)exCBooks wiU'accordipgiy be, opepon that uay, - ai me rnncipai Private credit is wealth, public credit is safetv. - ,The,fea- J a'L Jwrl nraikhedur off Bnok houre and kept opea until .Thursday the . ruvawu.Biu ib wranu, i mi v . j ' ; Vf"S ther that adorns the royal bird sustain hw flight, strip,him of his, ; ' shaU no theri have been iiubscribed, ih which case, as aoon as the fact ahall imirr plumage and you fix him to the earth." T The times ai pressing; i' - ' :v":beenlascertained;V .Book wU be; kept open; at . the Principal Bank, for ten days b t tl require no1 such desperate reipedy as this, nor are we re- M ' ili?btS& -Jd to the ruinouB comliti.m uhkh some gentlemen have; repre- H .Tr 'Icorrespond wlth'the Shares to be. disposed.of. Subscribers tnu?t appear pereon- sctlted. Theexposesof the '.Banks for 1818, WllJL'-shew9 thatat )L VrV'illy;sno'broie 11 be received. . ; , . ' w ; -. tj,at period of hich commercial prosperity, we were indebted to !-; 'ese i-titutions, to .an amount sater. than that ich we: now i r V -n owe by SI 200,000. Sir, the community seem to have been in- 1 fvV:s';n twelve 'mrmhsfX'pf'' : ' : 7: . u toxicated, the process by which they, became so was pleasant , fr - ressub'sbedfor enouch, aud frichtful as their situation now seems to them, it is 1 li r . Vibe holders of .Shares now ltsposed of virii not be entitled to Dividends, o o r , . , , . . - , 1 'jMi V.v: 1 Ti v.11 ,1..- ittJ ttS,k , , not so dancerous as the seeminc prosperity, from which they have ' , -tiiitif tkc one whicb shl taU due alter uece j r "?Tli&&vernor Mn Jiis annual Message, compla I ! ratuWbAecaVwdat be;reccivod . i t T AbVit .causltoy.th rejection of proxiesthe State ihor niiwer tV.inowipoUie v.the subscription. n f i4 i.w rnr oAfirlv before the Lecislatunv and do those who ex- wealth? Out of the plunder, an ; I i Wnv&thftovereicn will of theineonle;9' complain ? 'No, sir Lupon the nuhlic faith, we are to have a jj ,VpaVl exc4usiely to the State. . It gives 1 'riVJ n4P.:ta ascertain front the Directors. whether tl6 State cannot State a corporator in these institutions, t I Cfe b'-amiwed'to takehe. whole of , thenew -stock. The conference see her sole banker. So derided is my :C;vts"hadahd the Treasurer,; wit that politeness wnirh always clia- I would gladly see her restrained tiom an connexion witn any ,? I v 4:ractertzed hunrreplies, thatheH-egrets to inform them, that such banking institution in the State, by constitutionarprohibitiom ' 1 j I V 3'fa r)r charter.. The South Sir, when we have robbed the hive," and enriched ourselves at j iri the expense of many an ' orphan, ; whose hands are guilt less of the j sj xVpP( Itisrecol- country's blood, when we have borrowed a : million, that we may 'j i Jit&t idf thai ndl vidu1;iubsriihiiins 4f single. $hare have prefer- lend it out again, we are to set up a wholesaler Bank; the capital j I Venc btertM be scaled. The Legislature of which can only be ascertained by algebraic solution. We are 1 'V; '.I resolve; ca tiiasst, f to slow thejr iatriotWm by subscribing a share to select the Directors ourselves, from amorigiudiiduals who Itave W ?? Public TreaV no -interest, that is not at variance w ith the interest of the iittitu- them with tion. And what think you will be the principles upon which they j ' additionjthe aid bfeve- will be chosen ? The people; want, money ; tiey tell their, repre- 1 - --ii-, ri, k V" a 1 aV iea B a m araX' S i x- n 1 i a m am o r im am amr 3 sentatives'they must have money, and we are told here every day, j !f that the vox populi is the vox dci. - Their instructions right or f''ihe samfegame;and at the dose of the miserable scramble, -the wrong, we must obey. Can we believe for a moment, that se-lec-' j'ptfw will;scarcely be tions will not sometimes be made from' imptoper motives? That Kw !J pretehdeji invisible the individual will sometimes be appointed director because, he . ! "fy)'- and WysteHoiJsoV s not promises to be governed by our wishes, when he has neither the j) : like ability to determine whether such a course will promote the pub- ' V v'.knoW whW ties wilL;bi rid JieK j "If; the sovereign will of the lie good, or the integrity to be governed by it if he had? We have itv tV some experience in matters of this kind, and we should not shut our ears to the melancholy truths she teaches. Sir, the existing : 'Banks," watched by the A rerun eyes of individual interests. Wvern- 1 !!fl tives,' tinder tihnds anti seafo,' in-their .'subscriptions for stock, fed by oflSc f V, j '. tiicu: SirrshouldVikc to be informed, rin what mode the " will have not J '." of the;peopte?L ts'to ;uev embodiedhy- what .process ascertained, pital, is WM. H, HAYWOOD, Cashier. ins to the Legis- instead of specie, escaped. v - But supj)ose a successful termination, of your legal proceedings were certain : that itAvas ascertained that the Judges would decree would not have) a dissolution of the corporations, and an account of the profits ? The matter is l In what manner does your bill pro(Mse to dispose of the ill-gotten d an additional million borrowed new Bank, which is to he me no pleasure -to see the much letis am I willing to aversion to the policy, that The conRideratipn'bf theepMf tiM'tdresolutbnlaf)heGonimittee oft theLlbrary io relation tothe'prMiting 3pf the docUtnents x of 4he early Congresses, ' W4MWnte4 ;;but after a few wbnis fromMr Ward, who desired to amend the resolution, Mr their farther cohideratidnuntiL Monday 1 1 when; he eibectedl that a report which he had now; to present from the Committee on Retranchnient, would be prjnted: arid laid pri the tables of menibersmThe motion wajj s'acce ful. The House then resumed the discission cf the 'resolution amen datory of the Con8titution;offere' by Alf BmVth.Mr Wright then concluded his remarks iipoohe subject and was fol io vfed by Mr. Av7 Smith, until the expiration -of the b6aWmpelledinl;toide the House having refused bismofjoniforasuspensidno House then passed -the' ;bU for r.theV preservation and repair of the Cum bHTlaod Road, by a'votetof 103. inr 'Tne general Appropriation Bill, and the bill making appropriations for the Military Strvice jf tie Unit ed States, were then successivefy, acted on iri.Commit tec of the Whole on the; state, of ,the. Union i buU beTore.rthelas named bill-had beea gone through, therConimiteeTosefor;want:;a!i quururn. vTherei 'wert hen several' motions to adjburriV attdmotldnvlbr a call of the Hoase br Mr. M'Hurne, and tne. tiouse nnaiiy aujourued by a vote of 52 to 56, uu quorum .ueing prescuu H . -...M tCk , ' Friday, February 2WJti, s v , - The consideration.' of Mn-A Smith's WoDosition to amend thefloo. " T rr lllow'ttierto icommehd tdthe' gentleman froan, Granville an ex- hesitate to lay his ''Vvteiisiori'nf the ciffauticijowei' of his -newly constituted, Court, at by his conscience ers whose interest was identified with their prosperity. escaped peculation.- .The,-peculiar character of your ca- not such as to exclude temptation. , The man who would hands on individual wealth, may be permitted to plunder a Bank without remorse ; and he who mis wtymunweaun nave a perfect ana indisputable right; to take par! in the change. of Government. Jo vote for 'Members of theWonvenfton? ad to be represented tn'iii Xid by tfieBill orchis BTaVkl - ) i y . .1', Icaist in one parj.icuiar-Tvwi.uK! iiiuiuiuue'wiioare to ue - uraeu wouiu wiiuuuer ai iue inuuiu i rnuuiiig, a corporation, mayueei t-"''"'j. ' c c uu nm. iippruTc mc cuurse wmcu, tnisomerun 1 1 '? to the bar,'.';let(the.tir;islature 0M8I8 com puse. a. part let them no compunction, when he thrusts his fingers in the public chest. rc"mmeidi the Non FreehoWerithrottghontttlitf"Siitep,Mhich-6, l i 'v;Bnser'-fritolitionof.lieWereisn will of the people," and The money belongs to the State, the State is an ideal brine, no t!?Ddth'j'"'J, "r-. hear their 'doomi'.'i -; ' ' i-' " i " - : widow wUI deplore the loss, no orphan be siripped of his inherit r ' V? ;' ;-'7.ri;.But Sir,'. wilting technicalities, passing.over constitutional ob- tonce, and there is no reason why he should not have it as Well as :i, w 2 fC6 r, the?l:, ,a-"!!er?fte the at- i:-P.''OT??'ry pilfer modastly at , but mcreas.ng h.s coanXr. advan- ,rt,v in 'ewy cLnty-.o4-cJUSlSe :i,?Vti4iJ! atpleasu-e, .sessiou-yourjury f ces.n crime, will ultimately regulate the extent of bis robberies, thi.-n,o,t.nunerou!i but lrik mkt&fge'Zk -Vi J ILbUr. swurn and empannel ledegentlemen awareof the by the cravings of his desires. - ' . rights ndmakB known JheTr-firindetefminaflph .r.T!irebrto.tWttiBylHm-taA thatjun; pmsr tnuai I Mre ,.-,We have already carried banking to a sufficient extent.. North- e.l : Sucfcan appJ-I frWosilirgeatiif r'en, com-) V .?!, ? wi"i manner redressshall besought, if you proceed by infor- Carolina, though an Atlantic, is not a commercial State, MonK P08 6? l5"e and stnew of thecommunity, would nothe di.resanled- , tiVvrTOatioui, evils of which yqu.complain-you ed ins'tituiioos ai-e essential to commercial pursuits, but ihey are we1hWc we,knowW7elliwitieii-4aie,'mjoriiif tlw Jfr- j, h5unpUoncd,by.K;Matieiacts;..the course which lias been the bane of an agricultural community.- Disguise their oii'erations h4,lde re o-t indisposed io. relinquish ihu odiottseatoKf.of ihe.Stale ::'y:ThAJ1,i propertiox, the plunder, as youill, it is at least nothing more nor, less than shavmeuuoi, t,:fI.,Pfiftr,M:i U ..VV Aw.yo ton a WW Airiaiwof tbepo.1 ii jn a large -scale; and the single proposition before nsv isSvhc- TV rif ' 7uti.oetu.iye;.priiJegeyn'-ihe;fir.f i- i vV.;;!your,. A that shall be openly practised by. a government wh rh 'r k?" l'K! - L .C.l!n'al Jtem,-.they.wjll,e taswt Jkecpere:of,o.ir Conscience .w th clean hands; . Let lis examine, for i86dious in a coruorationaidisreDUtable to an ' wbt. when a fit opportonity shall .presentjft.elf, do jaStice,:if p.t it VH-.'mUWthelacti p6n..wilca'!;ifU-ra,-'ttfe Coiirt to fbaad LShern Stated Waurilyf at least alter,adh, demand, to tIi.Tfon.FreeholdeVii.-v , :z ksitP 1 wehaTethrowntnto-drculifioriigaGOOO.offt rjS "f-i, 'Differ. .,090 rWklcl, tfreaoitt tnaWW6nbbiect'w asi toSSlS "Vil0 e 1,Blf Wcom" a nendef-of the 'coopan. I -?,' t v ITre-surr,nMf,5gr4,1D00( Bank notesantt speeTe,tlOO,810,i;..;,- . 174,810 'fn-fiintin 'iiVoe.i . d' i J V" . raerSe M iWr pd W'llable to par. his oronoriioh nf inV loc .ln.li nr.or;to.wf 1 1 :rrt pSnient in tpa:lnv 1809, 2s,ooar; wh.? v institotipiis w one fae Banfc jit the endof four years,-the great of iheVproDanVVinVSi.i.V .,ePxmtt-w-C0A f. hl, ,V.':pamUh,etwdeatd1a?r-etttper tAject of our aiwietywas toplaee'jh 'otlief ustituiio'ns?in fch ,a stipulated K L" S.wSS ,w-fVe-,-e-pf.,?!R ,v -;5it4.lftjra1erfmt;etoupposethwhcJibteqnivleiittoUie t situation, Tas would enahle ilipm'.,, i-horL s5IslVi:- r .i v-"" and,ojtoaae is a member to be called for i" :tAtwtoU.jmwptS31.8ioto.inata-ttnedSmiei ?;Vvex.M!,c,the.MtaWi ..wooden .houses in. the country'uoes aotercee'd'sixow uf xm- thellM ed states Bank antong iTsiwitl a hope tbaiirwoiiW .At tho8'sm--wlih&-t. Uivtl-Wf' 1 r.v.;.: .- iV4!:;,3.'.rv. "efPiwy.beound inthe journal bcfow.nie ,audibw";tlt aWawdijida . ' bPpenS toU)eCon)pany forye w -he pays ' nothing ;ri;J '-!.;;,fetli ,h,Vno.,"eSv0id..CfoSS-hippensthiprope stitution was resumed. Mr Smyth continued his remarks, interrupted by the exmratiVn on Thufsd concluded with expressing i he .nope tbat4tKoue6urd:co vote Upon hi first proposition ainely.vVrUiWemsthetiaevtoaik Mr. J; C Wright if he used, on -the precedingVdayhhewordUtaga drivers, whippy in, andsmall fry;? and if, 4n using them, helmend erJ to a pplv them to him.;; Wjj t i&Hnea tnaKSng;Vxplin tton. Mr. Storrs then moved to lay the resolution and.amendn.enf. in the table, which was. earned in the iiffifmative, .118 roembers .yoiing id the affirmative., 'f lie House tten determined to suspend the role which appropriates Friday; and Saturday in e very, yreek to tbcrtbnsidcration of pnvatebilli, in onlertb take lip the Appropriation bills. AliyForward then'si oke at much lengthen, support fnis iuotiontu aVnehdUhr Mili- tary Appropriation biJU byj i oh rinori.-s, aiio o reuucing ine amoant as to: appropriate orrij tor the Springfield armory. i The, lWlittffndia uing the the" road frbin Detroit to Chicago, for ,'completiog and repair, ing piers, fortthe improving of cert-in harbprsind for, miking; exaroi- iiuhuiu q.iu jbui vjatypi ci iucu successively acieu.on n voaiuiiuee were reported to the HouseV:- ' ,V V rV v' " VIRGIN! AwCON VENTION; ' I he XMon-Kreeholders are begtnmn ticomplain of the laie Act ofthe Legislature, which deprirea them of a VoicejncliWibkJDeleeaUiiio'ilic I Convenuori., A meeting was heluVioiRicbmfind bnBatUfda inst.at which it wa resolvVoVthat the :iVW Freeholders. of proposed Convention, the 14th
The Weekly Raleigh Register (Raleigh, N.C.)
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Feb. 27, 1829, edition 1
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