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''13 " ' ' p (J ." ",.. " ' " ' ' " "-"-SSE- -: - . ., v , , s f j .-.w ., , .- ., , . ... .-. . .. I ' : rrr- : : - ? -. - - - - J1"W''M"''W""""" '"mmm'rrr: . 'v'?"1 ' 1 " Ti " v h',,mm Oars are the plans of fair delightful peace, nnwapp'd by party tasc, to live like brothers. TOIi-.-XIi- 23. f : JOSEPH GALES SON, EDITORS AND PROPRIETORS . ' TERMS. . Suiicihptiok ,' three dollars per annum--,one half in advance, i ! Hi . r CCjf Persons residing; without . the State will be required to pay the whole amoijnt ofthe year subscription in advance. ! ! : IU1TES ohDWUsfjwG. For every 16 lines -(ikis size typeyUxsi insertion one Jollir ; each subsequent insertion , 25 c6nts. Court Qnlers and Judicial AS vertisements will be charged 25 per cent, higher and a deduction of 33 per cunt, will be made from the regular prices, lor advertisers by the year , . (LKTrKRs to the Editors muit be post-piad. SII ERIFI?iS SA'Ij'E. SHALL expose to sale at Public Auction, at the Court House in Rockingham, on the third Monday of April next, so much of j each-of the fol lowing Tracts of unlisted Land os will be sufficient to satisfy the Taxes due thereon for' the years I836 j ami 37, together with costs and charges for adver tising, viz: One tract of 33 acres, known as the Heirs of John Mclnis, deceased, lying on the wa ters of Naked Creek, adjoining Mcluis and others. Tax. - - - - - ' - - - - $00,17 CO Acres, adjoining Samuel Snead and o ihers belonging to Jesse Wallace, deceased. J3 II)g01 the Bcavcx dam. Tax, - - - $00,10 SAML. TERRY,- Sh'ffi Richmond co., Feb. 16,1839. ! 17 Pr. Adv. $3,50. NOTICE' WAS committed to the Jail of Granville County a few days since a negro 'Woman who caljs her self Sukey Thomas, She had in her possession,, when taken, papers purport- ing to be free papers. She says she belongs to one James Mum ford, near Petersburg, Va. She looks to be 45 or 50 years of age, dark compac tion, spare made, looks down, when spoken to. The owner is hereby notified to come forward prove property, pay charges, and take her away, or she will be dealt wiill as the law directs. MEAD A. SMITH, Jailkh. Feb. 18 39. tf 18 , " SPRING MEETING. JOCKY CLUB. w d ra m - co m a 2 ssr & S TR VP URSJZ. rHE first meeting of the Jocky Club SPRING i RACES, for 1839. will commence on Tues day the 30th of April, and continue five days at which timevthc great Match will come off, between BOSTON and the QUEEN, for $10,000 a side. FIRST DAY. -Ladies Purse, $300 2 mile heats entrance J20. ' SECOND DAY. Proprietor's Purse, S400 3 mile heats entrance f 25. - - THIRD DAY. Jocky i Club Purse, $8004 niUe heats entrance 40. FOURTH DAY. Citizens' Purse. $200- mile heats, best three in five entrance J 15. FIFTH DAY. A Sweepstakes for 3 year olds, subscription $200, half forfeit mile heats, three or more to make a Race to name and. close on the 15th of April; now two subscribers. A Sweepstakes for three year olds, subscription 100, half forfeit mile heats, three or more to make Uace -to name ard close as above, and to be run on the first day of the meeting Gentlemen wishing to enter Colls in the above Stakes, will please address the Proprietor. Stables and litter furnished gratis. QCj Purses subject to the usual discount. - . ; W. L. OT EYt Proprietor. March 20, 1S39. " 2i Kiolft asid Splendid Lottery. CAPITAL PRIZES : t? jOx TK AtSI $25,000 SSO,00--$ld,000! ILEX&jrMtM LOTTERY, C la ss 'No. TWO Fqn 1839. To be drawn at Alexandria, I). C. positively on i' Saturday 20th "April, 1839.r MAWS'IHCEST rillZES. 1 Splendid Prize of - 80,000 ! 1 Prize of 25,000 ! 1 do , 20,000! 1 do 15,000! 1 do 10,000 1 do i 9;000 ! 1 do ' 8,000 ! 1 do " 7,5001 1 do j' 7,010 ! 2 Prizes of " I - 5,000 ! 3 do i . 4,000! 4 do 1 3,000! 5 do - 9 2,500! 10 do ' 2,000 ! 20 do 1,500! 50 do ; 1,000! 50 do - 4 750! 133 do ; 500! Betides Prizes o$250-$200 -$150-$100 $iSO- $ttO-$50-$40, Lowest Prize 0 13 Drawn Numbers but of 78. v Tickets only $20 Halves $10 Quarters $5 .Eighthf42-'50.-::v!W:'-; Certificates of Packages of 26 Whole Tickets $260 . Po. . do - 26 Haifa : do t l)o.' do ; 26 quarter I Do. do , t 26 Eighth do ; 3s' Cj Orders for-Ticheti and Shares ''or. Certifi cates of Packages in the above Splendid Scheme, will receive the most prompt attention, and those who order from us, may rely upon having the draw inq- sent them immediately ; after it is over. Send orders early and address " . - " D. 8. GREGORY 4' Co. Managers, Washington City, D. C. Oit RicimoaD, Va. " - " - ""--TrTrii GREEIX'f STUAWrCIJTTER. JUST RECEIVED for sale by the Subscribers, Green's celebrated patent straw, hay, and stalk cutter, operating on a mechanical pririciple not be ,fore applied to any implement for this purpose. 'ihe most prominent effects of this application, and some of the consequent peculiarities of the machine are, So great a reduction of the quantum of power requisite to use, thatJthe strength of a half-grown boy is sutHcient to work it very efficiency. 2. With even-this moderate power it easily cuts two bushels a minute, which is full twice' as fast as has been claimed by any other machine, even when worked by horse or steam power 3. The knives, owing to the peculiar manner in 4 wnjcb they cur, require sharpening less often. than tnose ot any other straw-cutter. fc'. r .. 4. The machine is simple" ln its construction, made and put together very strongly.- "It is ftierefore'j use to get out of order. t-'"4 ""'' . W. & A. STIT.H. "? L Refer to the Cultivator, Vol. 5, Noil. Our ingenious countryman, Mr. Green, -has rei ceived a high compliment in .the encomium which has been r assed upon his machine by the Highland Agricultural Society of Scotland. : A description of this machine was sent fiom Canada to the -Secretary by Mr. Ferguson, who pronounced it " the easiest and most effective cutter he ever met with a real first-rate machine " The communication was laid before the committee on: machinery, who, after making a machine according to the description, and ! sufficiently testing it, reported that they found it to bear out all that was reported of it by Mr. Fer i . , : , 1 .L. ii guson ; mat it is now asceriuiucu tuui ii win cut three times more than the best common sort, and with less farce t'' and that " one person driving the machine will cut with ease five hundred weight of hay or straw in an hour." This is a high but de served commendation. The notice, with a cut of this machine, is published . in tho Society's ! pa per for June. i WANTED. r THE Subscriber will take one or two lads, as Ap prentices to the Caipenter's trade. To avoid trouble, none need apply unless they have hereto fore sustained an unexceptionable character. JUSTIN MA KTINDALE. iRaleigh, 7th of January, 1838. 10 tf ;I1UI1T, JPATTERSOX & WILLS, i Petersburg, Virginia, ARE now receiving the following artich-s, comprising a part of their Spring supply of Good, viz . 75 llhds. St. Croix, Porto ltco, & N. Orleans 1 Sugats, 150 Hags best new Coffee, 50 "common ;do. 30 Boxes Loaf Suar, 100 Sperm and Tallow Candles, 80 Bgs Pepper, Allspice and Ginger, ; 350 Kegs cut nail, assorted, 4 to 3, 7 40 Tom SweeJ, English, and American Iron, assorted. ' 5. Tierces new Rice a superior article, 20 Doxes Whittemore's best Cotton & Wool Cards, 100 Kegs Dupom's Gun-Powder, 50 do B as'i g 1. 175 Half Boxes 8 by 10 and 10 by 12 GliSS, 10 Barrels Copperas, 350 Reams Writing and Wrapping Paper, SU llhds. B iltimoie Whiskey, 100 Barrels do dp 50 do old M"nongahela Whiskey, 10 Half pipes French Braiidy, 5 Pipes bevt Holland Gin, ' 2 Pipes b st kl Maderia Wine, 25 Qr. Casks S. M, Madeiia, Teneriffe and Port Wines, . j 5 Tons Castings, well assorted, 25 Kegsand Boxes Mrs. Miller's Snuff,! 20 Tierces best Loudon Brown Stout, squai ts and Pints. ' 5 Tons best Blue Grit Grind Stones, Plough lines, Bed Cords. W-edmg Hoes, Curry Combs, Trace Chains, Stone Warty 8ic. All of which they will sell on the most favor able term, j -March. 27th, 1839. 22. I4w. ' TAIUABIi- REAL. ESTATE. B Y virtue of a Decree of Granville" Ciirt of Equity, T will ofler for sale, at Public auction, at the Court House in the town 'of 'Ozforu, jon the 3d day of May next, upon a credit of one and two years, . lO several Tracts of Land. 1 -- ; nil lying in the County of Granvilldk belonging to the Estate of the late CoJ, Maurice Smith, deceased, to wit : . ! j One called the Henning Tract lying on the waters of Grassy Creek, containing about 1000 acres. One called Stith's placetadjoining StepheA Beas ley and others, containing 600 acres. j One called Foster's place,' adjoining Stithfs, con taining 100 acres." ; One called the Peach Grove, ' adjoining ; Mrs. Mary Webb and others, containing 200 acrfea. One called the Mountain Creek; adjoining1 John O. Ridley and others, containg 140 acres. ; One called Stanly's place, adjoining Frederick and Robert Clack, containing 415 acres. ." One called the'S'mith Traclf adjoining Charles L. Read and others, containing 400 aeres. I One Tract lying "on the waters vf Jonathan's Creek, adjoning Mrs.Butler, '.'William Clark and others, containing 300. acres. One Tract on the waters of Spow Marrow Creek, adjoining Thomas Read and oiheis, containing CO acres, and ; , , One 't ract called Goodi's, adjoining William Webb and others, containing 92 acres. ' f i Also, at the same time and place, and upon the same credit, two very valuable Lots in the Town of Oxford, one of which is immediately opposite the Public Square, and the whole front is covefpd with a long row of butidmgs.known as the Lawyer's Row. Bonds with approved security;, bearing liiiterest from; the day of sale, will be required of the pMchasersi""'"'"' " """ :"" r, '.'f"''V ft- THOS.B. LITLLEJOHN C. M. E. xford, 21st March, 1839. 22. ONE or iwo good Journeymen . Tailors, njrhq can come well recommended is good tvbfkmen, will find full employment and receive good wages from the-Subscriber, living near Lexingtonj Daviu son county, N. Carolina ! CHARLES FOWLER. March 22, 1839 22 3t j SI mkm BERNARD' UFl'Y, NO. 10, FAYETTEYILE street, E EE PS constantly on hand, a rich, extensive and fashionable assortment of Watches, Jew elry, Fancy Uoods anil Perfurner'yrf 'Also. Musical In-ruments, fine Guns, Pistols, tranes.and Whips, 10110 uijery ua oicei us, wuicn neeiia at ,V ,:;. f JVcw JTorii Prices. 'x ' ' : Clj Clocks and Watches repaj rc"d in iis accus tomedf suiwrior manner. r All kinds of Gold and Sil ver woik man nfactured to-order, 'in the m'st approv ed manner. Did Gold and Silver taken in exchange. - February, 1839: " " ' 14 tf TO FRITTERS. . A wb understands' both Composition 'f.. and Press work, may obtain a permanent situ rton,:by immediate application to Uie" Office of the Phoenix, E... L'ity,-; $8 per : weetf- Board can be had at the rate of 11-per Month-:' " i P ,S. To save trouble, none ;but a steady and industrious person need apply, f - , . Editors with whom we exchange, -will oblige us by giving this an insertion" .- Elizabeth City, March !5th7, 1839. Ralelgli Silk Company. At a meeting of the Directory, on the 24 th inst. it was Resolved, that the Stockholders pay to the Treas urer of the Company, on: or before the first day of May ensuing, riwo dollars and fifty Cents per Share, and a like sum, on the first day of each suc ceeding month, so that the whole Capital Stock may bo paid in, within the present year. B Ohdku, 0 WESTON R GALES , Pres't. Raleigh, March 28, 1839. new Novels. fllALES illustrating the Passions by James 1 1 Vol. Neal Malone and other Tales of Ireland, by Carlton. , The Bench and the Bar, by the author of Ran dom Recollections &c 2 Vols. The Women of England, by Mrs. Ellis, lute Miss Stickney 2 Vols. Jack Adams, the Mutineer, by Capt. Chamier. Oliver Twist, complete with Illustrations. Eighth and ninth Numbers of Nicholas Nickleby. Memoirs of Charles Matthews, the Comedian 2 Vols. Gurney Married, a Sequel to Gilbert Gurney, by the author of Sayings and Doings 2 Vols. Elliot's Travels in Austria, Russia and Turkey 1 Vol. Just received at the North-Carolina Book Stork, where may be found a larger collection of new and valuable Books than are for sale at most any Estub lshment in the United States. TURNER & HUGHES. March 28th, 1839. 22 Star and Standard. C7" Our readers will be much amused in perusing the following admirably told story. FROM THE NEW YORK NEWS. THE OJii CLOCK. 44 Here she goes, there she goes !" Some years ago, there came to this country a family from England, which settled on the upper part of this island, and opened a public house,. Among their chattels, was an old family clock, which they prized moce for its age, than its actual value, although it had told the hours for years on yeacs, with the most commendable fidelity. This clock lis now situated in one of the private parlors ol the house, and many a time has it been tiie theme of remark tin consequence of its solemnly antique exterior. A few days since, about duskj a couple of mad Svags drove up to the door of the ho tel, seated in a light and beautiful wagon, drawn by a superb bay horse. They sprang out ordered the ostler to pay every atten tion to the animal, and to stable him for the night. Entering the hotel, they tossed off a glass of wine-apiece, bemouthed a cigar, and directed the landlord to provide the best game supper in hi3 power. There was a winsome look in the countenance of the elder a bright sparkling in his eyes, which occasionally he half-closed in a style that gave htm the air ol 4 a knowing one, and a slight curving of the corners of his mouth, that showed his ability to enjoy, while his whole demeanor made, every acute abserver sure of his ability to perpetrate; a joke. Now and then, wJien his lips parted, and he ran his fingers through his hair with a lan guid expression, it was evident lie was ea ger to be at work in .his vocation that'of a practical joker!. The other was a dapper young mah, although different in appear ance, yet with features which indicated that his mind was virell fitted to be a successful copartner wlth'his Tnate, and a dry pun, or gravely delivered, witticism was frequently worked off with an air of philosophy or unconcern,' that gave him at once the credit of being a first, rate wit. .Supper on the table, these two. Yaukees were not dull as a couple generally will be at table, but.made mirth and laughter knd ; wit their .com pan--ions, aud there was a 44 set out", fit for a prinee and his associates. The Yankees , ate and, drank and w,ere right merry, -when the bid family'clock : vvhirled and -whizzed as the hammer on the bell ctruck one, two,- three, four, five, sixj seven,'eight, nin, ten, eleven, twelve ' 'Jfhe elder looked, up at the old nfonitor before him, struck .-'his -Jt- bow on the table and, looked again steadily for a minute, and then laugheihdut hearti ly, awakening the waiter, who was just dozing by the window-sill. . 4 What in the name of Moirius are you laughing siV, asked the" dapper .Yankee, as he cast his eyes now over and around himself to ascertain where;lthe. riest of .the joke was' concealed. The elder; winked. slyly, and yawning lazily, slowly raised the fore finger of his,right hand, and applied it gracefully to his nose. The dapper man understood the hint. Oho! I understand no you- don't -come over this child! waiter, another bottle of cliampaigne.' The servant left the room, and our heroes inclining themselves over the table, held a long conversation in a low tone, when the elder of the two raised his yoice, and with an air of satisfaction, ex claimed ,4 Clocks always go it !' Then both cautiously rose from their chairs, and advancing to the clock, turnetl the key of.the door, and looked within, the elder in a half inquiring, half decided man ner, saying v 4W6n't it V - ' The waiter was on the stairs, aid thev-l returned to their seats in a trice, as if noth ing had happened both scolding the wait er, as he entered, for beipg so lazy on his errand. Having heard the clock strike one, they were shown to their beds, where they talk ed in a subdued tone, and finally sunk to sleep. In the morning, they were early up, and ordered their horse to be harnessed anil brought to the ddor. Descending to the bar-room, they asked for their bill, and with becoming promptitude paid the amount due over to the bar keeper. The elder per ceiving the landlord through the window, placed his arms upon the bar, and in a se rinus tone inquired of the bar keeper if he would dispose of the old clock. '. The young man hesitated he knew not what to an swer. The old clock seemed to him such a miserable pie of furniture, that he had an impression that it might as well be his as his employer's, yet he could not com prehend why such "a person should want such a hideous, article. While he was at tempting to reply, the good liatured land lord entered, and the question was referred to him for an answer." 4 I wish to purchase that old clock up stairs! Will you sell it?' asked theelder yankee, while the younger lighted a cigar, and cast his eye over the columns of the Sunday Morning News, which lay upon the table. Ihe landlord who had set no great value upon the clock, except as an heir-loom, began to suspect that it might possess the virtues of Martin Hoy wood's chair, and be filled with dollars; and al most involuntarily, the three ascended to the room which contained it. 4 The fact is,' said the yankee, 4 1 once won a hundred dollars with a clock like that.' 4 A hundred dollars!' Ejaculated ' the Landlord. ' Yes ? You see there was one like it in a room over in Jersey, and a fellow bet me he could keep his forefinger swinging with I the pendulum for an hour, only gavimr.i 4 here she roes, there she goes. lie cbuldn t do it. I walked the money out of him iirj no time. ' 4 You did ? You couldn't walk it out of me. I'll bet you fifty dollars I can do it on the spot !' 4 Done !' cried the yankee. The clock struck'eight, and with his back to the table and the door, the landlord pop ped into a chair Here she goes, there she goes,' and his finger waved in a curve" his eyes fully fixed on the pendulum. The yankee behind him interrupted 4 w here's the money 1 Plank the money.' The landlord was not to lose in that way. His forefinger slowly and surely went with the pendulum, and his left disengaged his purse from his pocket, which he threw be iitud him upon the table. All was silent. The dapper man at length exclaimed 4 Shall 1 doposite the moue in the; hands of the barlteeper ?'" . 4 Here she goes, there she goes,' was the only answer. - ! One of the yaukees left the oom. Tbe landlord heard him go down stairs ; but he vas ' not to be disturbed by that trick. .. Presently - the bar keeper entered, and touching him on the shoulder, asked . 4 Mr. B , are you crazy ? What are you uomg - ! 4 Here she goes, there she goes,' he re sponded, his hand waving the forefinger as before. . ' J, 4 - The bar keeper rushed "down- stairs called one of the neighbors and asked him to go up. They ascendedyand the neighbor seizing him gently by the collar inlan im ploring voice, said , 4 Mr. B i do not sit here. . Gome, come down stairs ; what can possess you to sit here?' ' " '. 4 Here she goes, there she goes, was the sole reply, and the solemn face and the slowly-moving finger settled the - matter. He was mad. - 4 He is mad, whispered ahe friend in a low voice; 1 4 We mu$t go for the doctor. The landlord was not to be "doped ; he was not to be deceived, although the whJe town came to interrupt him. 4You had bet ter call up fiis wife,1 added the friend.' Here. she goes there she goes, repeal ed the landlord, and his hand still moved oh. In a minute his wife entered, full of ago nyiof soul. 4 My dear, ' she kindly said. Alook on me. -It is your wife who speaks.' i Here she" goes, there she goes,' and his hand continued to go, but his wife wouldn't go she-would- stayK and -he';thoughtfshe was-determined to conspire againstliim and maiehiTnJose ;the vager.v,She wept, and she. continued J - - . . 4 What cause have you for this I Why do you do so ? Has your wife Here she goes, there she goes,' the land lord again repeated, his eyes becoming more and more fixed aiul glazed, from the steadi ness of the gaze. A slight smile, which had great effect upon Ihe minds of those pre sent, played upon .his face as he thought of the many unsuccessful resorts, to win him from his purpose, and of his success in baf-fling-tliem. Tho Physician entered. He stood by the side of the busy man. He looked at .him in silence, shook his head, and to the anxious inquiry of the wife, an swered. Nbi,S madm. The fewer persons here the better The maid had better stay awav:- do noi let,the maid' 3. ' Herejshe goes, there she goes, yet a gain, itf harmony with the waving fin ger, issued from the, lips of the landlord. 4 A consultation, I think-will be necessa ry;', said the physician. 4 Will you run for Dr. W- -ms V The kind neighbor buttoned up his coat and hurried from tttcf room. In a few mimUes Pr W ras, with another medical gentleman," entered. 4 This is a sorry, sight,' said he to the doctor present. 4 Indeed it is sir, was the reply. 4 It is a sudden attack, one of the-; 4 Here she goes, there she, goes,-was the sole-reply. : 'Ci.'. i ' The physicians tepped into a corner and consulted together. ' -' 4 Will you be good enough to run for a barber ? We must have his head shaved and blistered, said Dr. W ms. 4Ah, poor dear husband,' said, the hdy ; 4 1 fear he never again will know his mise rable wife.' Here she goes, there she goes ! said the landlord with a little more emphasis, and with a more nervous yet determined waving of his finger in concert with the pendulum, for -the minute hand was near the tftcete. that point which was to put fifty dollars in to his pocket, if the hand,arrived at it with out his suffering himself to be interrupted. The wife in a low, bewailing tone, con tinued her utterances 4 No never; nor his daughters' 4 Here she goes, there she goes, almost shouted the landlord, as the minute hand advanced to the desired point. The barber arrived; he was naturally a talkative man and when the doctor made some casual remark, reflecting upon the quality of th instrument he was about to use, l;e replied 4Ah ha ! no. Monsieur4 you say very bad to razor tres beautiful eh T- kok look very fine isn't she?' 4 Here she goes, there sImj goes !' scream ed the landlord, his hand waving on-on, and his face gathering a smile, and his whole frame iri readiness to be convulsed with joy. The .barber was amazed. 4 Here .she goes, there she goes !' he responded in the best English he could use 4Vare,vaie sail 1 begin ? Vat is dat he say ?' 4 Shave hisr head at once!' interrupted the doctor, while the' lady sank into a chair. 4Here she goes, there she-4goes! for the last time cried the landlord, as the c,lock struck the hour of nine t and he sprang from his seat in an ecstacy of delight, screaming at the top of his voice as he skipped about the room " - 4 I've won it !'. 4 What ? said the bar-keeper. What? echoed the doctors. 4 What ?' echoed the wife. 4 Why, the ? wager--fifty dollars!' But casting his eyes around the room, and miss ing the young! men who , induced him to watch the clock he askeiTthe bar-keeper 4 Where are those youngs men who supped here last night! eh ? quick,where afe they? 4 They went away in their waggon near ly an hour ago sir !' was the reply. The truth flashed like ; a thunder-bolt through his mind.. They had talseri his pocket book with one hundred and seven dollars therein, : and dewmjpeda couple of swindling sharpers, with vit to back them! The story i3 rife on all nfen's tongues, in the neighborhood where this affair occurred, and.the facts are not otherwise than here set do w n' ?; but we regret that the worthy landlord, in endeavoring to'overtake mejras cals, was thrown from his waggon, and so severely injured, as -to be confined to his room at the present moment, where he can watch the pendulum of his cloejk at his leisure. " K '.. ;, ' - -.. .- , - .. " More Robberies. On Wednesday last, two strolling Juglers, or ventriloquists, were arrested on suspicion of house break ing, and sufficcient- evidence Was obtained to justify their committal, One as principal and the other as witness. ! A night or two after this, a ,-store was broken open, and a few dollars of specie change stolen. Un the same night an un suc?esful attempt was also made at anoth- i er siore, These things - call aloud for the utmost Vigilant- and the present a patrol syste?iu seems ,to be almost utterly useless, it i time thai our citizens should seriously take, intu -consideration, the propriety of having -va, regular hired patrol, such asalf 'krjfeVtOTCrut&ebbr-.un, andsuch as- our neighbor Wilmington has found so efficient' to the prevention of crime. Jive objection to it is the expense; and the consequent in crease, of the town.taxes. But the objec tion is not well founded ; for if the losses now sustained by robbery b&-arJded to tho sums expended in suppersi and the loss of rest and health; of the citizen patrol, tha balance would be decidedly in favor of the change. Fayetteville Observer. MR. UEXCIIER'S CIRCULAR. To the Freemen of the Tenth Congressional Eds' trict of North Carolina, composed of the coun ties of Chatham, Randolph, Davidson, Jloicant and Davie. Wasiiisgtojt, March 9, 1839. Fellow-citizens; - Shortly after the close of General Jcek son's Administration, the people of this country were visited by a great pecuniary disaster in the suspension of specie pay ments by the banks an eveul which I foresaw, and whicli might have been rea sonably anticipated from the pol cy pursued by that administration. Upon the removal of the public money from the Bank of tho United States,in 1333, new banks were created, and both new and old were stimu lated to expand their issues, to meet, as it was said, the wants of the people-, Thi was made the terms oL receiving, the us and cutody pf the public money ; and but few were alio wedthese Governmental, fa vors who did not consent to these terms. The consequence of this was a'' large in crease in the number of banks, and a still greater increase in the amount of bank -capital and bank issues;, for, be it remem bered, that, during the administration of General Jackson, there were more banks1 created than had been created front tho foundation of the Government up to that period. The relative amount of bank capi tal incorporated during the same period waa still grealerJ; being twice as muciias all the bank capital created up to the Com mencement of that administration. No party, therefore, can be so properly denomi nated the bank party" as that party whose policy gave birth to this state pf things. The inevitable consequence of this, great augmentation of banks ?nd bank capital was a wild and reckless speculation and overtrading in the people. It is no excuse, therefore, for those whose policy produced this augmentation of bank capital to charge the suspensioc of specie payments by the banks upon the overtrading in the commu nity, for that overtrading was but the natu ral fruit of this extraordinary increase m the number of banks and the amount of bank capital. ' . specie circular.' -The more immediate cause of the sus pension of specie" payments by the banks, was the specie circular issued by General Jackson in 1836, requiring all payments for public lands to be made in gold and sil ver. The avowed object of this roeasure was to check the spirit of speculation and curtail bank credit. The practical effect was to destroy public confidence in these institutions, and create a general run upon them for, the precious metals. By a law. of Congress, passed in 1816, all public due were : required in gold and silver, or the notes of specie-paying banks. At live ses sion of Congress, immediately preceding the adoption of this specie circular, a reso lution was submitted to the Senate, requir ing public lands to be paid in gold and silver oidy. The resolutionVwis rejected by al most a unanimous vote of the Senate. But , notwillistaildingW.HBxisling law to the con trary, and a strong expression of on branch of Congress against-any change, in that law, the President assumed the respon sibility, and issued an order .requiring tbe receivers of public lands. to receive nothing in payment thereof except gdldTand silver. This, order came like a clap of thunder in the midst of a clear sky. These banks had been broughtjmto existence by the friends of the administration, and had been stimula ted 16 over-issnes by their advice and en couragement. 'The banks felt the blow, and the people felt it more deeply. Trade and ousinesS'Oi every Kina was paraiyzeu. oo disastrous was this order upon the interests of every portioo of the conntry, that a bill was passed at the next session of Congren, by over whelmipg majorities in , both bran ches rescinding this Executive order. Bujt the President, regardless efthe will of the representatives-of the people, refused citlu er to sign ity oir return it to Congress with hisreasqns"for Refusing, as required by the Constitution. The embarrassments of the country, & the derangement of the currency increased' every day, until May folio w ing, when the; banks were compelled to suspends pecie payments.: : Thus the Stat bank system, hich unwise ly, in my opinion, substituted by., the ad ministration as the fiscal agent of-the Gov ernment in the.place ofthe Bank of thu United States;,' and which we were promis ed 'was to furnish us. with a belter cur rency than ever tlfat' Institution had done. exolodedwieavina- i!i2 Gov,ernnient;ia bari
The Weekly Raleigh Register (Raleigh, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
April 6, 1839, edition 1
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