Newspapers / The Weekly Raleigh Register … / Dec. 17, 1838, edition 1 / Page 2
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The araonnt wa3 received in gross .sums, from one bf the two gentlemen charged with ijie collection of these bonds, without hav ing with him at that time, the means of dis tinguishing the precise amount received fro-n each, debtor. This evidence will be furnished i$fot few days, when a detailed tatement of the whole, showing the sum received from each individual,. will be im mediately presented to the Legislature. The act of 1784, regulating the payment of pensions ou t of the Treasury of the State, requires every year, a certificate of the Court of the County in which the applicant resides, to the General Assembly,' of his Continued inability &c. to procure a sub sistance, and that that certificate shall be countersigned by the Speaker, of the two Houses, to make it a sufficient authority for the payment of the money. From the con struction that has been placed upon this act, some amendment is believed to be'neces sary, now that the system has been chang ed from annual to biennial sessions of the Legislature, in order fully to carry out the humane purposes for which the act was passed. Upon the opening of the books of sub scription for an increase of the capital stock in the Bank of Cape Fear in the month of pril, 1837, I subscribed, under the act of the last Legislature, entitled "An Act con cerning the Bank of Cape Fear," for three thousand shares of stock,-in behalf of the Literary Fund ; paying therefor, three hun dred thousand dollars, -and in April last re Reived from the $ank, the sum of six thou sand, seven hundred and fifty dollars, as in terest on the advanced payment. In the month of October, 1837, Dr. J. F. E. Hardy, who had been for some time the State Director in the Buncombe Turnpike Company, resigned that appointment. And under the provision of the charter of the Company, giving the authority to the Pub lic Treasurer to fill such vacancies, 1 issued a commission to James W.Pattrm, of Bun combe, who had been highly recommend ed, as a suitable agent to represent .the in terests of the State. Since the last report from this office, one half of jot 192, as design&tedjn the plan of the city-of Raleigh, belonging to the State, has foe n sold to the Bank of the State for five hundred dollars, as shown by- the tabu lar statement. 'And lots No. 188 & 189, had been sold try my predecessor, to Geo. little, for the sum of seven , hundred dol lars, for which, he executed three vboiida now on file in thus office, for $233 33 each, with security, bearing date the 17th of Jan uary, 1837, payable on the 17th of Janua ry, 1838-39 and 40 respectively. I have received also from N Edmonston, Commis sioner for the sale of Cherokee lands in 1836, a bond for $3 12a, accidentally omit ted in his settlement. Much credit is again due the Sheriffs, for 1&e punctuality with which they have ac counted for the public tax of the two last years. Copies of such Bank exhibits, as have been received at this office, since the last session, are hereto annexed, and such others as may be received during the session, will be immediately presented. The' accompanying statements? .marked from A to J inclusive, give such information on the subjects to which they relate, as the books of this Department furnish, and con tain, all that the act regulating the Treasu ry Department requires. r- All which is respectfully submitted, ! DANIEL W. COURTS, Public Treasurer. . j . , . i JUHTO ACADEMY. , THE Fall Sess!on cf the Junto Academy, (for meily Mount Pleasan') will close on the 15th of this month. The Spring Seson will commence on the 15lh J:iuarynet. D. W. KF.Itli, ' Principal. DeceiTibcr-5. 7 towl5J. y - dkatal surgery TO w 2,o S (EJ . SP RESPECTFULLY announces to the public, that he intends making ttaleigh his place of Uebidence. g"He maybe found at Gui n's Hotrl. December II, 13& J 7 3m j sst:bw SJ D 3D S 2 JUST Ii SEASONABLE TIJIEJ IHE Subscriber has the pleasure of announ . cingto the public.that he has just received a new. and beautiful assortment of Staple and (Fn?y Dry Goods, which he offers on the most Tiber;! terms; among which are Fine Clohs and Casi meres, ; Silk and Woolen Velvets, French and English Merinoes, Bombazines and Circassians, Winter Calicoes ad Ginghams, i Tied and White Flannels f Fine Sattincts and Keutt.cky Jeanes I Hose and Point Blankets, r, Rich Shallies and Satin Luxor, . Eitra Kich Fipured Silks, j Super Extra, Dama-k & Brocaded Satins, ; BMk. M ttionean 5t Gros-De-Khine Sdk, Super pldn PouH-Df-soie d ' Splendid. Printed t Embroidered Mouilir. Be Lainr - Plin UTack Satins. 1 Together with general aworrment of Ready made Clothing. (Cj Also on hand, an- elegant stock of Spring Muslins, French CaHcoerarid Ginghams. The members of .the Legislature and other trangers in the City, desirous- of making band ome presents o their fawilies, aierepectful!y invited to call and examine, the assortment, and if they please, lo by in their supplier. B. BMITIf. Ra'eigb, Drc. 4, 1838. 7 4w rpUE Spring Session will comme. ee on Mon X day the 14th January. 1 "X Classical Dep. J Hinghkmfo $21 per " v it.-- Ctno.A;'.Wghapa:y8?f ,ion. " English uep, Jqm Hon eh, A It SRI5 French Dep. Jean Oden'hal. t 01 fpHE Spring Session of the Female School in i Hillsborough under the direction ot Mr. & Mrs. Uurwc.ll, will commei ce on the 15 h Jap- iiacy Terms. English Studies, Latin, French, (taught by a native,) $17 50 10 00 15 00 25 00 Music, Persons wishinr farther in'olrualion respect ing Uie school, are ref. rreil to Hon. F. Nash, ) Dr. James Wtbb, Hillsburough. J. W- Norwood, j i Wev. Iriuy Lacy, K'llcigh. December 6. . . 7 DISSOLUTION. rWMlE, partnership of MaCft& Cox isdis olved, 1. except so far asretrte to the settlement of heir affairs. Those having claims against the Firm, will piesent them for payment, and those indebted to the Firm y Bond, Account, or otherwise, are reques'eato pay the s-ame with out dehy. The Bonds and Accounts are in the hands of Micajah Cox. The balance of goods on hand will be old at the ht. use of Micajah Cox, in Wane Cou .ty, on the 22d ih.st. , MICA J AH COX. December 1,1838. H Bank of the State of N. C. A Dividend of five per cent, on the Capital Stoe'k of this liable has been declarexl, pay able to the Stockholders at the Principal Bank on the first Mrtrl;ty in January next, and at the Branches and Agencies .fifteen days thereafter.' jC. DKWEY, Cashier. R-.leieh, December 5. 1838. 7 3w 1 ' f-- Episcopal Scliool, Raleigli. flHE Subscribtr has taken the buildings be M longing to tle Episcopal School, and pro poses to continue the Institution upon his own respons b'lity. The m xt Session will commenci ou J nu:irv 14, 1839. Pupils will be received at j7d per session or live months, which 'im covers the expense of Board, Tuition, Washing, Mt i.ding, Fwel and Lights. As e: ch boy has his separate bed, every b y at Irs first entrance incurs an add lional expense of from 10 to f 15, fo? tsed afid bedding. Tt;c boarders will consti'ute a p-rt of the Sub scribei's family, and the atiction and d seipline wif. be as parental as circumstances permit. They will be r. cpiireil to attend rtiigicu- scni c s on Samlay, and, & hen n t oth rvvise direct ed by Parents and Guard an", will accompany the Rlc or t f the School to the Episcopal CI u c D.,y Scholars w 1 be ;.dn.i.ted on the follow ing terms: Weeding, Spelling and Writing, $12 00 English Grammar, Aritlimet c, tie.onr.jphy with the use of Globes and Algebra ; 16 00 Ancient Languages, and higher Mathematics. 20 00 Cc):npctei.t Assistan s are engaged, and all the branch's of Learning taught in Academies and high Schools of the country will be taught .lure. -French, S punish and (ierman, will be i'taoffh', w fen desired by pAitnts, without mUi tioiud expense. Students intending to en'er Cl lejje will be directed in their course of study with especial ri ference to as speedy preparation as is consistent with thoroughness. Persons intending to tnter pupils, and def sirous of further information, are requested 16 address the Subscriber. M. A. CUR 113. U leigh, Decembe r 6, 1838. 7 tf Richmond, September 22, 183S. Mi:. E. P. NASH: Dkaij. Sin: The Piano Forte which I bought of you,' I am happy to say is greatly admired both by those who have eyes and those who have cars. Its tone is very rich and full, powerful without being at all harsh.and soft without being wiry. Better judges than myself, and in whom I am willing to place the utmost confidence touching such matters, have pro nounced it a most excellent instruiaent. Most respectfully yours, E. 3. MILLS. I consider it a much better pi in to let the public see what is thought of my Piano Fortes by thoseU 'i. i i . i . i - . ' . i wuo nae uougni anu irau tnetn, than to make any strong assertions in their behalf myself. E.P.N AS II, Petersburg, Va. Book Store, wesi side Sycamore Street Piano Ware House, east side Sycamore St. P. S. I am now opening, in .connection with mv ; Piano Forte Establishment, east side of Sycamore street in tnis place, a general MUSIC STORE, in which will be kept an extensive assortment of every description of Music for the Piano, Guitar, Flute, Violin, &C, together w-ith a handsome assortment of nearly all desirable Instruments. Particulars will be given in a future advertisement. E. P. N December 6, 1838. 7 3w SPU2XDID LOTTERY. 30,000$10,000. VIRGINIA. BTATELOTTRY, For the beiuflt of the Mechanical Benevolent Society of Nnrfjolk. Class No. 7, for 1,838. To be drawn at Alexandria Va. on Saturday, December 22, 1838. CiPlTlts. $30,000 $10,000 $6,000- $5.0C0 54,000 $2.500 S2,000-$l,747i. 25 Prizes of - 1,000 25 do - 500 28 do - 300, Stc. Tickets only S10, Halves $5, Quarters $2 50. Ceitificates of packages of 25 whole Tickets, Do 1o 25 half ticket Do , do 25 quarter do $130 65 52i $35,291810,000 ! I 100 PUIZKS OF 1,000. VIROIXIA STATE LOTTERY. For the benefit of the Monongnlia Academy, Class No. 7, for 1838. To be drawn in Alexandria, Va. on Saturday, ' -' ' December 29, 1838. V t, BRILLIANT SCHEME CAPI PAL $35,294 $10 000 $5,000 $3,JD00 ?li573. 100 f.r'zca or $I.C00, 115 ot $"300 65 of lOO.&c. Tickets only $10. Halves $5, Quarters $2 50.. Certificates of packages of 26 whole. Tickets $140 Do x do 2"6 half ticket . 70 D-o 26 quarter tb- 35. JfT Order ror 'I ickets and Share?, or Certi fieates" of Packag- s U the above Maguificent Schemes, will receive the most prompt atten tion, and an official account of each Drawing sent immediately fterit isjOVer, to all who or. dertromus. Address D. S. GttEKOKY & Jo. Managers 4. Washington City,I. C. or VVT Jtichmond, Va. FOR SALE, two fine Devon Bull Yearling; Apply to SETH JONES. Pomona, near Ialeigb, Uee. 10, 1838. (C Standard 4 w. 3 , And Improvements tnereon, Vj IN par-daice' of directions contained in the last Will and Testament .d" Mrs.-Klizibeth E. A. Haywot d, deceased; jhe Subscribers will on Saturday the 16th day ot February next, of ferfor s.i.Ie at the Court Hou-e in the City of Raleigh, t!ose well known lt Tos 191 in the plan of said City with t he irnpirofV merits, being the late residence of their Testa trix. Said los w th the improvements are of great value,4 and if not the most valuable, are beliived to be the must desirable, as a private residence, within the iir.its of this City. The improvements iherton consist of two large and commodious houses of two s:o;ies each, w.th two wiugSj with every necc-s ry out house nine in numbef.' Said fots conia n4 wo acres. Tlie garden, which is laid i" in the most approved form on one acre of said lots, is in a high si'e of cultivation, and is so arranged as to unite the most beautiful flower garden with a large one for the cultivation of Y geiublcS. A more pai ticular dt sciipiion of ssnd piopeity is deemed unnecessary, i.s it U well known t most of the clizeiis of this State who have visited tt'is C t. Any person desiru-g a more mWiute !cscription of sail hits and impi ovenu n's, vviilj)e fui-ui'he l with tiie same if apphca ion is made ti tieorf W. II y wood. Toe abie piopeity will be sold upon a cie lit of one and two yea s from the d y of sale, and bo ds with approved security win be ri quired. KLIZA K. HAYWOOD, Execu r , G. W. HAY A OOP, Kxe.ut.-r. Str.r & St n 1- id. 1 tds. TIIK Subsc iber biing about to stai t to,the St;tte of Missis m;j'i on business, has appoint ed Jo'in L. TelTeil Ins aie it tor the Sta'e of North C-iohna. Should miv friend It el d(sir-iis to vrte l.im while absent, they will diiect tfil-ir lelttr to Holly Spring, Marbha'l Count v, Mississippi. A ILL! AM ROLLS. Holesville. Dccemb-r 15. 1S38. 7 3t S I A Tt3 esk t w ins FOI1 TWO DAVs ONLV. j T HE UNITED HKOTHEUS CIIANG-ENO, j very respectfully aopuaint the I. allies an l Gen- i llemcn of tLileicrh and its vicinity, that they will be 1 in this place on Monday and Tuesday, the 21th and 25th of December, and iil receive visitors at the Union Hwtel, by Mr Morpheas. The hours of Ad mission will be from 2 till 4 in the Afternoon, and from 7 till 9 in the Evening. CZj" Admittance 25 1 cuts. CIlLiaiS and TOH.tCCO. HAVANA A AND PRINCIPE CIGARS, and ORONOKO CHEWING TOBACCO,- also Wivis and Brandt, comprising Ch a.mi'aio , M vokui a, and Pout Wine, and n lot of very su perior Frkncii Bhanuv. For sale ly W.M. MASON' &. Co. December 12, 183S. 7 MOST 33:SlRAf!I.K Residence For Sale. 11 E res'hK.nce of fie lute Judge Seawell, I. ne.tr the City of K.tleigh, is now offered for sale To n person wiiliin to combine the ndva'itiiges of Ci'y and Country lite, ;hj equally dt sirable b c.ition in all respects, j e 1 1 1 p - can not be found in the vicinity, of" UtUih. The Dwelling House is of two stt.ries, cousis ing of eight 1'i-ge and conveniently co;itiuc'i d rooms. Tliere is a w'u'e p isage below nod above s air-1, qua!ly dividing the house, thus tendering ench 10 1111 in the whole' house entirely pnv;tte. I lie house is at present in a sta'e of good repi'r. Upon the premises are all necessity out houses well ccns'.ruCied ami inoit of them iow. Wnh in a few slsjis of the Dwelling Houseware two never failing SPUINtiSof most excellent Wittr. AMur.hed t.i the ir mimes there are 325 acres of lund, 25 of which only are-cleared, the balance timbered. To sui' the convenience of the pisr ehasfr, either the whole on a ptt of the la; tl will be sold with the Dwelling Mouse. This property will be sold either at private or public s:de. IT not so!d at private sale before the 1st of January next, it will be publicly sold o.rlhe high st bidder at th:tt time 00 the premi ses, 'possess on to be reiideied on the 1st of Jaiuary. Txrmsof sale CASH, or 15 nd with approved secMirity due on the 1st of January 1839, with interest from that tUte. Where the anuu il in 'crest shall be promptly p:t"d, and the bonds should continue to be 1 egarded as entirely safe, perhapss the principal might not be demanded for several year?. Persons desirous to purchas :re r spt clfully invited to exam ne the piemi.es. Apply to WJI. SEAWELL. November C6 1838. 5 Just Itcceivcel and For Sale 320 Caks fresh Thomaston Lime. 33 Bbls. Calcined Plaster for Plastering. IO Tierce Rotten Plaster for Land Manure. 25 Bbls. Trimmed Herrings. 10,000 Best Havanna Cigars. All of which I will sell low for cash. Call three doors South of the Market square where the Sub scriher can be found at all times. JOHN E. PATTERSON. Fayetlevillc, December 4, 1S38. 6 4t F O il S2JL E , ,4 small Plantation of about 200 Acres of Land, f 130 of which are. under cultivation, with a good Orchard on the same, a: d an opportunity of mak ing a fino nirddow thereon. The above was form erly the property of Jamfs Gbaxt, dee'd, and lies wiihin 2 miles of 1 al igh, cdjoii ing the Race Course. Daniel Murray. 7 4v. Dec. 4th 1838. fXj" Standard 4 w. " MORE NEW GOODS, AOS im SK$ifc.IE.' rHE Subiw ribers are just receiving and are now 4 opening a large and handsome selection of new Goods of great variety anil quality .which with their former, stock will render their Assortment very complete. Their friends are respectfully invited to call and examine them, as they flatter themselves that they ean seH On the lowest possible condition. - 6 v TOVVLES & CALLUM. cfijYEGIZOES for $ale.ZH ON FRIDAY,, the 4tk day of January next,wi!l be sold to the highest bidder at the Dwelling. House of the late John S11abotav, ef Franklin county. TEN LIKELY NEGROES, Men. Wo. menBoyaw Girls. Also, the valuable TllA CT OF $jAND will be rented out for the ehsuing yaar, with a valuable. Mill and iiher improvements. .. Tshms madc knowa'on the day of sale., - JOHN LIGONAdm'r December 17, 1838 7ts.- 1 STATE I4ECISL.ATURE. - f.: - : 'JZ : vOn Monday, the 3rd inst. in the Senate, Mr. VYilliatB. Shepard offered the fol lowing Kefplutions 1. WiiKEis the exchanges and the currency of the country arernuch deranged, and it is indis pensable for the genend prosperity', that this state of things should be speeJily corrected, and the, in dustry of ihe country pUccd upon that steady and permanent footing, that hereafter its exertions may not be periodically paralyzed in any way by the action of the Federal Government ; . and whereas there are conflicting opinions among the people of the State of North Caroliua upon the subject of a National Ban! and upon the policy of a indepen dent treasury i under the exclusive control of the Federal Executive : Therefore, II. Resolved by ihe General Jlssembly of Xorth Carolina, Thtjt it would eminently conduce to the prosperity of the people of -the United States, aud tend much for the future, lo withdraw the business of the country from those entagling alli aaces with national politics, which have been found injurious to both, that the Congress of the United States should charter three separate, dis- tinct, and independent Banks, to he located with their hrr.nehes, in the three great sections of the Union, North South, and West. Ill, And be' it further Resolved That in the opinion of this Assembly, the united capitals of these banks should not exceed fifty millions of dol lars, tube distributed in such portions to the dif ferent sections of the Union as to Congress might siiemjust and proper. In presenting these Resolutions, Mr. Shepard observed, that he wished distinct ly to assure the Senate that he did not in tend any political or party movement; he had brought forward the proposition at this time, without consultation or advise ment with others, because he did not wish' it to be embarrassed by those considerations which, inv riaMy, attach themselves ta all propositions,: which are supposed to be favorites, with either of the great parties of the d:iy. - ;lle could not claim for his propositions so honorable an alliance, and whilst he - tlisclaimedi any motive, which did notupp&rr on the face of the Resolutions themselves, lie trusted gentlemen would admit-liis sincerity, when he invoked for their consideration, tjie calm and dispas sionate attention of the Senate without reference to ulterior objects. Should however, Mr. Speaker, my wishes upon this subject be "disappointed, and the subject lead to a party debate, or embar rassments in any quarter, 1 will not press their consideration. Believing, as I most sincerely do, that the present state of things cannot continue mucji longer, and fearing that in flying from evils we dread, we may rush to those: we know not of, I am de sirous of bringing to the attention of the people of North Carolina, a proposition which may i reconcile many conflicting opinions. 1 invite to its dispassionate con sideration gentlemen from both sides of the house, and I trust I will not be disappoin ed in obtaining for it, friends of every shade of political opinion. I will for the present lay the proposition on the table, and will at some future day, when the Sen ate is at leisure, state more at large, the reasons which have induced me to offer these resolutions. T)n Monday the 10th of December, Mr. Shepard called up the resolutions relating to the curreucy, which he had laid upon the table, and addressed the Senate nearly as follows. When I had the honour, Mr. Speaker, a few days ago, of laying upon the table of the Senate, the resolutions before you, I stated-distinctly the object 1 had in view. The resolutions have now for several days, been within the knowledge of Senators, and I will proceed to state very briefly my views, upon the very important subject to which they relate. I regret that I am not able tof do so, more to my own satisfaction, and the information of the Senate ; the subject is one, upon which my own opinions are very crude and immature ; such as they are however, I am desirous of placing them be fore at least my own constituents, without indulging any ;hop'c, that what I can say on this subject, will have the slightest in fluence on theimind of any gentleman pre sent, i The adjustment of the currency of a great commercial community, is not only one of the most important questions that can arise in legislation, but at the same time it is the most difficult, i It is the most abstruse ques tion in that most difficult and uncertain of all sciences, political economy, if science it can be ealied. Equally as necessary to our moral or domestic well-being as the vital air is to our physical existence, like the latter it has resisted for a long time the most acute analysis, and may yet be said to be among the most unsettled of questions. In our country unfortunately, where every thing is deckled by party, clamour, principles and the results of experience are too often lost sight of, and one generation disdains to profit by the experience of its predecessor. In the few remarks which I intend to sub mit upon this question, it is my intention to keep as much aloof as possible from those irrelevant topics, which the wisdom-lacking zeal of the daily political caterers may have forced imp the question, and to dis cuss the subject as it bears upon the for tunes and future prospects of. North Caro lina alone. ; The only modes for the safe-keeping and disbursing of the public money, which have heretofore divided the public mind, are a bank of the United States, a league of affilia ted State banks!, and an independent treas ury, I will detain the Senate for a few moments, whilst 1 make a few remarks up on each of these systems. Having voted, when a member of the Congress of the United States, in l832, for the last national Bank, I will state some of the reasons "which would prevent me at thi3 time from wishing to see a' bank establish ed, upon a siniilar principle, and located either in New York or Philadelphia. The time has passed when! would think of op posing a bank of the United States, on the grqundjof unconstitutionality. Were the jtuesticra an originat'one, I would unhesitat-! ingly saj the constitution never contemplated a bank, bui such an institution has so often teen adjudicated to be constitutional,"by the highest judicial tribunal of the country t the different heads of the Treasury Depart-. incut udvo u viiuu nuie-uiuiysassyreu con gress that it was esse ntiaijto thefsafe, cheap and convenient disbursement of the public money, that I wonld with great reluctance, place my opinion" in hostility to theirs. I am therefore disposed to consider the subject, on the ground of expediency alone; It has been Intel v asserted bv a distin guished politician, (Mr. Webstkh) that the constitution of the United States made it obligatory on the General Government toJ regulate the-currency wt the union ; or m . a a iii1 oilier- words, to make a naner uoiJar in. New Orleans, equivalent to;t paper dollar iir Boston. Novel as this ide.i is, it was fn quentljf uttered on thelRoor of Congress, during its last session, and was repeated a few months ago,in Faneuil Hall, to the plau dits of assembled thousand. The extraV ajnuce o this proposition clearly shews how the strongest minds can be debauched from the tru'h, when they arc in pursuit of a favorite or cherished object. Of all the vast powers claimed for the Federal Government, by a certain school of politicians, none wre more extravagant than this ; and had not its enunciation come from a gentleman who lias been called the defender of the Constit u tion, it would have been received with ah iiu i cdulous astonish ment, exciting no other emo'.iou than a smile. The Supreme Court never attempt ed to sustain the establishment of a bank, upon any other ground than as an adjunct of the Treasury Department, as a necessa ry means towards the secure fiscal opera tions of the Treasury; tli. y never intimate'', in all their laboured argument upon this subject, any constitutional obligation upon Congress to furnish the people with a sound paper currency. Let the people of this country be taught and urged iu every 'difficulty of their pri vate affairs, to fly to the Federal Govern ment for relief, and the time is not far dis tant, when they will be found, like the Ro man populace, shouting'at the heels of some fortunate demagogue, or tribune oi pt ojjle, for their daily-bread. If we once concede that the Federal Government, because if is authorised to regulnlc commerce between the several States, is likewise bound to fa cilitate the operations of that jpouuneree, by supplying the people with jfn uniform jraper medium, we erase all remaining land marks of the States, and I can conceive of no imaginable power, which cannot be fair ly brought within a similar construction. The wants of commerce are. commensu rate with the necessities -of ihe people, and if we yield to the Federal Government the right, or the obligation', to supply the one, we must concede it likewise the entire con trol over tin, of her.. That the portion of the Northern population, who are almost exclusively commercial and manufactur ing, should hail this constitutional discove ry as nearly a divine emanation, is not at all surprising, when we consider how deep ly their interest is concerned in the exer cise of such a power. These people, being actively and extensively engaged in trading with the South, would doubtless find their collections wonderfully facilitated, by the exercise of this powr. Let us, however beware, lest, goaded by our distresses, in an unguarded moment, we surrender rights and principles, which may be hereafter wielded to our destruction. Let us beware v lest, stimulated by a desire of displacing from the Executive Chair an .obnoxious in dividual, we incautiously admit new and fanciful constructions ot the Constitution which may in fact undo what, for years, it has been the policy of the 'South to effect. Omnia mala exempla ex bona orta sunt. Commerce is an exchange of equivalents, and if we admit the term used in the Con stitution, 44 to regulate commerce," means the affixing a money value upon these equiv alents. What is rhere that can prohibit tl e Federal Government, in times of a great scarcity of money, from resorting to the expedient of the old Colonial Legislatures, and assigning a fixed paper money value to ihe produce of the country ? Turn to the early laws of Maryland, Virginia, and I believe of North Carolina, and you will every where find, that tobacco was the statute equivalent for articles of commerce; a certain number if pounds of tobacco, were the equivalent for a valuable slave. And I believe our nearest neighbours esti mated so highly this medium of trafic, that upon the arrival of those vessels, freighted with precious cargoes from England, which were some times sent out by the Lords pro jg ieors, to dissipate the gloom of the for ests, they attended upon the shore with their tobacco, to purchase iheir future bet ter halves. Admit then, the constitutional obligation upon the Congress of the United States, to regulate the value of these equivalents, and what I would ask, prevents the same body from saying, during a scarcity of money, that a barrel of codfish, or a bale of manu factured goods, were a fair equivalent for a bale of cotton, or a hogshead of tobacco ? This is no fancy sketch, gentlemen, and startling as it may be to many of you, stranger things have happened, and will a gain happen, in the process of our legisla tion. I contend that it is a fair ami legiti mate conclusion, from the premises as sumed, and I defy the acutest lawyer, in the country -to detect by fair and honest i'easoning9"an error in the argument by which I have arrived at this conclusion. Cheat not yourselves wiih the delusive hope, that no majority in Congress dare at tempt such an outrage; those who have power, when stimulated by interestor ava rice, dare do any things Look to India, whre England, the defen der of the Pro test-ml Religion in Europe, by her unjust commercial exactions, compels the free native population to excessive toif, with abase subsistence, thatra few worth less nabobs may wallow at home in bound less luxury ; and cherish-not the belief that if. you, give- srmil?.r power -you w,ilt. est cape a siimlar fate- - N ;Ofltyranjeswhich W0pprc( md debased the hnman Species, of an T 6metoxtract from the other u ee Profiheirlar, there ii. nothing the annals f despotism, ,runfeelincr ' , 1 natural, as a commercial tyranny -UhV sympathy for the sufferings of h's victim" stimulated by avarice, it demands 'from th miserable the pound 'of, flesh, and revels in the thought, when that pound come nPar est from ihe Heart of its unfortunate debtor" To prove conclusively td" the Senate, how easily the strongest intellects deceive ihern selves into the. belief that' they are aotin, ,ealm and dispassionate part, for the bea efit of the- whole country, durino- jie fa, winter, wheirthls new constitutional obli gation was for ihe first time, urged Ul,0l' the Congressffjihe- United States, them was a question -likewise discussed, whjcf; is peculiarly interesting to the South j mean the power of Congress to emancipate the negro slaves within the District of Co lumbia. And Sir, during the 'short spaCp of two months, in which period the vision of the honorable discoverer of this latent power, was certainly ot similar acutenoss he saw clearly the constitutional obligation upon Congress to Jregulate paper money but was singularly-obtuse against the rih" of the same body, to seize the property-Vine slave holder of the District of Colum bia, and turn it loose upon the world. That provisipftiof the Coiittituiion which says, most emphatically, that Congress shall not take the property o'f individuals for pub lie purposes without adequate compensa tion, was to 'his mind no bar whatever a guinst an invasion of private rights, the most tyrannical within the history of Ler islation. - 3 It gives me no pleasure, Mr. Speaker, I assure you, to comment upon this irfcons'w tency, this infirmity of nature ; no man in this, country is more willingto acknowl edge thte exalted intellect and pure patriot ism of (he distinguished gentleman alluded to, than myself. It is but another illustra tion of the melancholy fact, that wherever the prejudices arul interests of men are ex cited, there is no reliance on their justice or liberality. The North, moreover, be ing almost exclusively engrossed in tl!C pursuit of wealth, takes its constitutional opinions at second hand ; we must there fore watch with great care the ex-calhsdra uecisiuns oi ns political priests. It is likewise an important part of my subject, and I am compelled to allude to it; I have brought it to the'attention of Sena tors, with the hope of convincing them, that we are in a most' -critical situation, a situation which requires the strictest adher ence to ancient landmarks, and an exclusive devotion to the rights, and interests of our nativ State, . If it is the wish. of the majority of the people of North Carolina, to surrender the management of their own affairs, to return to a state of colonial vassalage, I know no portion of the people of the United States, that I would so soon be governed by, as the people of New England. ' I admire beyond expression, their economy, their industry, and the general steadiness of their character?. I believe from the general temperance of their natures, they would be satisfied with the exclusive profits of our commerce, and . would not daily and hourly insult vs, with the repetition of their superiority. It is much preferable, how.ever, to go on, under the terms of the old copartnership, with the understanding: that we are to share e qually and alike the profits of ihe concern. Having thus stated to the Senate, the reasons why I dissent from the doctrine, that the Constitution of the ffnited States makes it obligatory upon Congress to pro- virln nn unifnrm rvinpr1 f,nrrcniv n o inpili. um of commerce, I will proceed to state why, at this crisis of our affairs', I would not vote for one Bank of the United States similar to the one lately gone out of optra-tion.- XVe find, Mr. Speaker, since the adop tion of the Federal Constitution, that a most singular change in the relative state of things has come over the country. We find that pt)rtioris of our State, which were once prosperous, are now nearly desolate ; towns "where the busy hum ,of industry once saluted our ears, and gladdened our hearts, arc now almost deserted -the abodes of poverty and-discontent. That healthy hue of the public mind, which was once cheered on by hope, is no longer v to be found, or if it exists among us, it serves on ly by Ats solitary brightness to mark the gloom and desolation around it. A travel ler in passing through our country, might naturally ask, what exterminating war, what frightful.pestilence, hath wasted and depopulated the land ? It hath been neith er war nor pestilence, but the existence of causes, as sure in their results, and as un alterable, as the laws of nature. It is unnecessary to detain the Senate, in enumerating the various causes which have produced,, and, which, unless eradica ted, will augment this disease of the body politic. Not the least among them, how ever, has been the deficiency of active cap ital, tvhich has existed among us; and on that account, the utter inability of our ciii zeus to engage in any occupations not yielding- immediate profit, or in any extensive f scheme of improvement. Nor can we fair- II .J w ly expect a lull developementot onrresoui ces, so long-as our banking institutions are controlled by individuals, who are alien ant. almost foreign to us in interests- The great benefits of the modem system: of banking, arise from its introducing cap ital into the country and its furnishing a cheap and convenient currency. The Jate bank of the United States supplied the latter in an eminent degree, but so far from creating orintroducing any new capital into tneCSouthern country, it did very little.ji it did hot exercise a pernicious influence. Most of the cjytal used by " the late Bank ii the Southvras occupied in exchanges ., this must certainly be convenience to com mercial men, but tt served likewise to gi - . ... v-..
The Weekly Raleigh Register (Raleigh, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Dec. 17, 1838, edition 1
2
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