Newspapers / The Weekly Raleigh Register … / April 13, 1839, edition 1 / Page 1
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v i " ' . t .7-, S- ' , ; ,-,:; ' -t " . - -&-v ' ..' -. ' 2 " . ' ? : - ' ' ' ' plans of fair dcliglitf nl peace, unwarp'd by party rage, to lire lilce bj-otlicrs." TOU. NO. 124. JOSEPH GAIiES h SON, EDITORS AND FRH)P Rl E T 0 RS . - TERMS.. SuBscuTPTtoifi three dollars per annum one half in advpnceJJ " v , CCj Persons. residing.. without the State will be required to paj. the whoie , amount of the year's subscription in advance. - For every 16 lines (this size tppejf firstinsertion One dollar ; each subsequent insertion -2iNents..- Court Orders and Judicial Advertisements tviy he charged 25 per cent." higher and a deduction of 33 J per cent, will be made from the Tegular prices, for advertisers by the year. (5 Letters to the Editors must be post-piad. . ViE If C OPJ It TfJVE it s mi. OLIVER & JOHNSON, MERCHANT TAILORS, - Fatetteviiib Stbeet, Raleigh, v THE Subscribers respectfully jn form tneir friends and tbe public generallyiitbat they have bought out the entire interest of James Litchfohd, in the late business of Litchjord j& OnnR, and have I; taken the stand recently occupied Ay them, where (hey intend carrying on lh,e busii)ess in all its branch es. We shall keep on hand at all times, a' .-large end complete assortment of GOODS, in Our line, and shall secure the services tof the best workmen the country affords. Gentlemen, therefore patron izing this Establishment, cannot fail to get'as' gboa ah article, and have it as fashionably cut and made, as can be in any of the Northern Ctea." No pains or expence shall be .spared to secure our object, and we earnestly solicit a continuance of that patronage heretofore o liberally bestowed upon the late Firm, Orders front the friends ofthp late concern prompt ly attended to as heretofore. ! Mr. OLifa is now absent, but will return in a few weeks, with an-en-r tire new stock of goods in our linev of which rfbtice will be given. THOS. M. OLIVER, HENRY JOHNSON. ; Raleigh, March, 1839. ! r 20 .1 (pii3iI2o," I HEREBY return my thanks to my friends and the public, for the patronage so long bestowed on me, and respectfully inform vhem that I have accepted a situation in the. employ" of OtiyF.n & Jobnson, at my, old stand, where I shall be as hap py to serve them, as I ever have been. J hose in-J debled to the late Firm of Litchforit & Olitii re requested to make immediate pay ment.as I alone ajn authorized to settle the business and longer in dulgence cannot be given as the situation of its af fairs will not admit of it. T JAS. LITCHFORD. 20 Kaleich. March 1839. CJKEEi'S STRAW-CUTTER. J ITST RECEIVED for sale bv the Subscribers, Green's celebrated patent straw, hay, and stalk- cutter, operating on a mechanical principle not be fore applied to any implement for this purpose. The most prominent effects oT this applicationand some of the consequent peculiarities of the machine, are, ' Ij. So great a reduction of the quantum of power requisite to use, that the strength of a half-grown hoy js sufficient to work it very efficiently. 2. With even this moderat powrcr it easily cuts two bushels a minute, which jjs full twice asTast 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 which they cut, require sharpening less often Jhan those of any other straw-cutter. 4. The machine is simple in its construction, made and put together very sixongly. It is therefore not so liable as the complicated machines in general use to geti out of order. j - W. & A. STITH. Refer to the Cultivator, Vol. 5, No. 7. Our ingenious countryman, Mr. Green, has re ceived a high compliment inj. the encomium which '-has been passed upon h.is machine by thl Highland Agricultural Society of Scotland. A description of this machine was sent from Canada to the Secdfta: ry by M r. Ferguson.; who pronounced it " the easiest and most effective cutter heever met with a Teal first-vate 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 a 1 that was reported of it hy Mr. Fer guson that " it is now ascertained that it will cut three times more than the best common sort, and with less force-;' and that " one person driving the machine will cut with easc'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 iri the Society's paper for June. Dancing and Waltzing School, MONSIEUR BOSSIEU;, fiom Paris, who has established himself In the City of Richmond, Va. since the year 1829, and has given ample testi mony of bis qualifications far the art he teaches, respectfully announces to thelLadies and Gentlemen of Raleigh and its vicinity, that he will open his School some time in the first or second week in April next, and will teach that elegant and polite accomplishment in the same style he has heretofore taught in.Paris, (a style which has never been taught by any master in this; country ) Parents who wish to have their children instruct ed in. this useful and polite' accomplishment, will please enter them immediately, if possible, by call ing on the Editors of the Registei wno have had the goodness to take charge of a Subscription. There will be also a NIGHT SCHOOL, for Gentlemen. As soon as the! pupils can go throujjh the figures, there will be Cotillion'Parties every week. As Mr. B. cannot remain longer tha one Session, he earnestly solicits, the attention of those who wish tofttend his Schoph Terms and Regu lations can be known by applying at the Register Office. Richmond, Va. March 11th, 1839. 20 "jf"OiSTEItS.--An entirely new article in lTA the way of "Aecordion." The subscriber will receive in a few days a very fine assortment of Accordions, anongst them a few 'Monster? resembling jhe character of an Organlmore than the ordinary, kind of .Accordions, the tone and quality of which, however, cannot well be described ; they are unusually powerful and melodious, at the same time very beautifully finished every way. - Price ffty dollars small er ones from six to ten dollars. ' E. P. NASH, Petersburg, Vat IB Attain 1 VS.; TAIXATOuE REAL ESTATE.' BY Virtue of'aDeijrco of Granville Court of Equity T 'will ofief, for sale, at Public auction, at the Court House in the town of Oxford, on the 3d day of May nex, upon a credit of one and two years, . '.' i4p" Ml Several Tracts of Iattd9 iil lying jn the County of Granville, belonging to the Estate of the late Cd.Maurice Smith, deceased, Jo witj: ' - vrw - -iff, v4.- i; it ' f (3ne called the Hennlng Tract lying sm the waters of Grassy.Crcek, containing about 1000 acres. One called Stith's place adjoining Stephen Beas ley and others, containing 600, acres. One called Foster's-place, adjoining Sliths, con taining 100 acres. I One called ,.the Peach .(rovc, adjoining Mrs. Mary "VVebb .and others containing 200 acres. One called the Mountain Creek, adjoining John C Rsdley and othersficeintaing 140 acres. .One called -Stanly's; place, adjoining Frederick and Robert Clack, containing 415 acres. One called the Smith Tract, adjoining Charles L. Read and .others, containing 400 acres. j One "Fract'lying on the water's of Jonathan Creek, adjoning Mrs. Butfbr, William 'Clark arid others,;containing 300 acreai r i y One Tract on the waters-of Shew Marrow Creek, adjoining Thomas Read and others, containing 60 acres, and j' ' -,T ' One Tract called GoocVs, adjoining William "Webb and others, containing 92 acres. r "Also at the same time and place and' upori the same credit, two very valuable Lots in the Town of O"xfo'rl, "one of whtch-imme "lately oppogite the Public Square, and theiwhole front is covered with a long row of buildings.knowri as the. Lawyer sKow. ; Bonds with approved security, bearing interest irm tne day or sale, wilt De requirett pi tnc purchasers. i . . - THOS. B. LITLLEJOHN C. M. Oxford, 21st Match, ;1839. 22. HURT, PATTERSOX & WILLS, Petersburg; Virginia, ARE now receiving the following articles, comprising a part of their Spring supply of Goods, viz 75 Hhds.Bt. Croix; Porto Rico, & N. OrlJans Sugars,. v 150 Bags best new Coffee, 50 "comniDn do. 30 Boxes Loaf-Sugar, 100 Sperm and Tallow Candlrs, 80 Bags Pepper, Allspice and Ginger, j 350 Kegs cut nails, sjssorted, 4 to3, 7 45 Tons Sweedj English, and American Iron, assorted. j - 5 Tierces new Rice a superior article, t20T3oxes Whittemore's best Cotton &fVool Cards, ; v 100 Kegs Dupont's Giin-Porder, 50 do Blasting- do. 175 Half Boxes 8 by 10 and 10 by 12 Gbss, 10 Itarrels Copperas 350 Reams Writing and Wrapping Paper, 20 Hhds. Baltimore Whiskey, 100 Barrels do do 50. do old Monongahela Whiskey, j 10 Half Pipes French Brandy, 5 Pipes bebt Holland Gin, 2 I'jpesbesi old Maderia Wine, 25 QK Casks S. Mi. Madeiia TeneriflTe and Port Wines 5 Tons Castings, well assorted, 25 Kegs and Boxes Mrs. Miller's Snuff, ; 20 Tierces best London Brown Stout, quarts and Pints. ' 5 Tons best Blue Grit Grind Stones, 1 Plough lines, Bed ; Cords, Weeding Hoes, Curry Combs, Trace Chains, Stone Ware, 8tc. All of which they will sell oji the most favor able terms. March, 27th, 1839. ; ' 22 4w. RICISJIOAD FOUNDRY AN , i MACHINE SHOP. THIS Establishment has been in successful operation for nearly 30 years, and is one of the most extensive and complete, South of the Potomac. ! ' The Proprietors are prepared to receive or ders fr Castings of all descriptions. (Milt. GEEIIISG, STATIOTfARX & LoCOMptlTE ExGIXES, Rail Road Wheels, Tobacco and Oil Presses, Lathes,, Bells of all sizes. Plans and estimates, furnished when required. 'yAll orders addressed to the Subscribers, at Richmond, or Holderby & McPheeters, Agentp, Petersburg, Va.. will be executed with prompt ness and on moderate terms. D. J. BURR & Co. Richmond, 1839. ) " 23 (jCash will be paid for 4 or 5,000 lbs. ot old Coppeh, for the above Establishment by HOLDERBT & McPhEETF.HS, , General Agents, and Commission j lm. Merchants, Petersburg, Va. Stock of Koofes, Stationary Fancy Goods, JTIusical Instruments, In Petersburg, Virginia. OSSII3LY there are few establishments in Virginia in which could be found a llarger and better assortment ot desirable Goods, than in the subscriber's at Petersburg, as he has re cently dertjted great care and time, and consid erable capital to effect this desirable end.; The public must not suppose that because the town of Petersburg is small, that therefore the stock of Jioolis and Pianos, is uso small ; for, in such a conclusion, they would be entirely wrong, par ticularly as respects Pjano Fortes, as they will not find in any one establishment in Richmond, Norfolk, Baltimore, Philadelphia,"orNew York, so large an assortment of first rate Instruments, as they will find at my Ware-room on Sydarooref street. I have now sold upwards, of onie hun dred Pianos, and not one single Instrument has proven defective. E. P. NASH, Petersburg, Va. DISSOLUTION. If ' T!if T' FIE Copartnership existing heretofore;under ihe Frfm'of S. M. ;Binv"c?". tis day -dissolved by mutual consenU!SAH"pfersons indebted, said Firm, by-Note or Account, are requeMeiyfb make immediate paymejit jtprrS. M. Bahbse, who alone, is authotized'toisettle the business of the f irm. , t . . S; M. BARB EE, JOHN BUFFALO W. Raleigh, April 1839: J1.23 i -lr - NEW AlD FASHIONABLE y spring? Goons. THE Subscriber, aving purchased the entire Stock of S. M. Barbs' & Co., has com menced business at the Store formerly oecu pied by them, first door south of Mr. It. Smith's Store, where heis, this day, receiving his SPIZIJI'G GOODS, 'Consisting of DRY GOODS, GROCERIES, HARDWARE, CUTLERY, &c. &c. to which hje invites the attention of the pubji.e generally. The Subscriber is determined to 11 upon as. good. term 9 as any person in Town, antThet hopes by a strict attention to business to merit a liberal share of public patronage. -(3 Groceries cheap, for Cash only. 4 . j LEVI S. TOVVERr- April 6, 1839. 1 23 CENTRA L. M AIL, ROUTE DAILY, BETWEEN THE Via the Chesapeake Bay .Steam ' Boats, AND TBS ' ' PORTSMOUTH & ROANOKE RAIL ROAD. BY, an arrangement entered into between the PORTSMOTTH AND ROANOKE RAIL HO AD-COM PA NY, and the MARYLAND akd VIRGINIA STEAM 1H) AT COMPANY, there w 11 be, on anfl after the first day of Apnit, 1839, a DAILY Mail and Pissenger Line between B A LTI MORE jnd WELD ON, N. C. (at which latter'place commences (lie Wilmington and Halifax Rail rfoad Line, running DAILY to Charleston, S. C.) " Through betwf.kx BALTIMORE &WELDON, By Steamboat, 180 miles, 4" Railroad 80 mites,) IN TWENTY-ONE HOURS DAILY, Being' several honrs less 'time, and at MUCU LESS EXPENSE than hy any other route with but one change of Baggage without the loss of one moment's sleep, and without travelling by Rail Road after dark. ' . , Of the safety or the BAY LINE of STEAM BOATS, it will be sufficient to satisfy the Pub lic to state the remarkable-fact, lint in TWENTY-TWO YEAR'S RUNNING NEITHER LIFE NOR LIMIt HAS BEEN LOST. THE PORTSMOUTH JUVD RO.WOKE RAIL ROAD is now in good order has none but splendid new Eight Wheel Puasenger Cars, to which NO BURTHEN1 CARS are to be attach ed ; '".and that Company pledges, itself, that if faithful Agents careful and experienced Engi neers, acting under a constant supervision, can make this route acceptable to the public, then t shall be so. Office of the P. & R. R. R. Co. 1 Portsmouth, Ya. March 26, 1839. 5 Passengers from the South by the above route, will always arrive in Baltimore in time for the Morning Line to .-Philadelphia and New York, WHICH CANNOT BE DONE BY ANY OTHER LINE. 23- lm Something Superb :--Inother 60O Hollar Piano 1 1 IF there can be such a thing as a superb Pi ano Forte, certainly the one just received by the subscriber, ought truly t be so called, as it is unusually superior, inside and outside. If it is not really and truly a first rate instrument, then I shajl be ready to confess, that those cel ebrated makers, Stodart, Worcester & Dun ham, are unworthy of the praise which has been so large'y bestowetl urron them by musicians in all quarters of the world. My object now is more to draw the eyes of the public than their money, as it is desirable, for future benefit, that the people, one and all, should see for them selves tills splendid instrument. One of the late high priced Pianos was sold to William M. Rqbinson, Esq., Richmond; and if the public w.ish tri know what sort of satisfaction that in strument gave they can easily find out by call ing on Mr. R. in person, whose taste and judg ment in such matters cannot be doubted I have now thirl eei Pianos on hand, and expect twelve more in a few days. E. P. NSMfjifefershirg, Va. T 6 'EtXfllj It JE R S. PROPOSALS will be received on the first Saturday in May, for building the Ware house and Shops of the Raleigh & Gaston Rnil SrRoad Company in Raleigh. The Warehouse will be 100 feet by,60, ol Stone or Brick; and the Shop 100 feet by 86, of tire s me material. The walls of both build ings will be about 17 feet high. The roofs are to be covered with Tin. Proposals for the Timber will be received separate, but a proposal for furnishing the ma teiials and budding would be preferred. 03 Plans may be seen at the Rail Road Of fice, for one week previous to the letting. CHAS. F. M. GARNETT, C. E. Raleigh, April 3rd, 1839. 23 fXj Star and Standard will insert twice. STATE. OF NORTH CAROLINA, Pitt County, Court of Pleas and Quarter Sessions, February Term, 1839. Zachariah Hathaway" vs (Petition for legacy and Jno. Hatbawaj',a;'r ; Se tlement. et al. J , V appearing to the satisfaction of the Court, -JLthat,William Brown, one of the Defendants in this case, is not an inhabitant of this State : It isordered that publication be made in the Rnleigh Register, for ix weeks, notifying the said Willian Brown to appear at the next'Court f Pfceas and Quarter Sessions to be held for the County of Pitt, at the Court-House in Greenville, onjtrie first Monday in May next.then nd there to answer the saiu petition oruclgment pro conjesso will be entered against him. . Witness, Archibald Parker, Clerk of said Courtjftt Greenville, the first Monday of Februa ry;AD.-1839. ARCU'D PARKER, Clk. April 6, 1839. " . . 23 niIJTK HEEDS SALE AT THIS OFFICE. FOR A LIST OF On hand, at the Raleigh Post Office, . , 1st April, 1839. ' A. RENOLDS ALLEN, Thos J Agnew. Selden Arnols. Daniel Alfore, Jno V Adams,Pe ter Adams, W W Avery, Carly Adkisori, Louisa Abanathy 2, Chas N Andiews. B. Jno S Burgess 2, Wm H Burgess, Madison Baugh, Wm II Bobbitr, Mj Adam G Banks,' Frances Bridges Wm IBagwell, Jno BanCom, Davit! Booker, Wm Blaloclr, Augustine Blake,. Edw'd H Backus, Mr. Brown, Jas Urowni Birty J3rown, Daniel Beasley, ThomasBaker 21 Gen'l William A Blount, Jas Blount,. Jesse Bry ant, Robert Bryan, Gdes Bowers, J Betts 2, A M Burton, Martin B Bronerd, Ann Eliza Briggs.i Jno ur&naon. , Cm W J A M Cook, Jane Eliza Chadwick, Lasey Crawley, Ira H Chester, Spencer-D Cottpn, Daniel H Craig 4, Rachel Campton, Eli5abetr. W Crowder, Wm Carrol, D F Colwelk Messra S & B Chi Ids, Jno Cranins. J - ' I. -Thos Devenport, F Diltman, Willis Dowd, Venson Day, Uev P W Dowd 2, 11 B Daijiil, Lewis W Daniel, Jas M Dsnforth, Timothy Da vis 2, Mary Drisskili, Stephen" Dupree. C ChasNB Evans, Jemima Evans, Ferdinand Ellis 2. F. John Pranklin, Sam'l J Finch 3, Henry Fitch, Wm A Finch, Lewis Franks. G. Walter Gwynn 2, John Gumble, Hagru Gui on 2, Ezeker Good in 2, Mournen Goins, Thom as Grimes 2, Geo Gray 2, Simion W Gunn 5, Marthy Gulley, Tilmon Goings. II. Robert Howlett, Jas Hamilton, Alvin Hamil- ton 2, Jackson Hamilton, Nicholas Hill, Isham Holland, Alsey Holland, John R Hancock, Geo Harris, Eliza A Harris, Shadric Harris, Thomas Harris Robert E Harris, E E Harris, Moses B. Harrison, M Hoke, Henry B Hays, Jas A Hicks, John Hutchin.o, Hawkins Hendon.Wm Huggins, M B Hinton, Master Jas Hinton, Ransom Hin ton, Sally Henry, Marv Hobgood, Alfred M Haywood, A G Howard, Wm High 2, A H High, Walter Hennon, Ileddick Hunter, A B Hawkins," Goold Hoyt, Henderson Hodge, Jas Harper, David Hunt 2. . J. Messrs A 8c J JeflTrees, Sara'l Jeffin, John In gram, Christopher Isbell, Mary Ivy, Jo Se'awell Jones 6, John B Jones, Calvin Jones, Marins S Jones, Wiiey T Jones, Benson F Jones, Rob't Jones, P. maker, Mary Jones, Tegnal Jones, EP Jones, Kimbol Jones, J W Johnson, John Jinkins. K- Joseph Kirkpatrick, Jos Keener, Robt Ken nedy 2. Ii. John Little, Richard Lowrie, Thos F Lowrie, Evan Larkins, Dan'l Lyons, WmB Lane, Prima Loct, Jeremiah Lasiter, W E Lane, Marens. D Lafith, Sarah Lewis, Alfred Lewis, Dr J T Leach, Anderson Lucas, Rev'd II G Leigh, Richard Liles. Henry W Montague, Davy Moore 2, B F Moore. Lavinia M Moore, Auguslus MooretDemsey B Masey, Fanny Morris, Mark McCauley, Erne line N Morphis, Henry Morgan, Horrace Manly, A Myers 2, James Moy, W II McCulIers, Wm' Miller, Geo C Mendenhall 2, Jno II Myatt, Pri- sealia Manuel, Jno McCardell, Jas T Morehead, Austin Moss, Maj Jno C Mullay, Dan'l McNeill, John R Moore. ' Jas D Newson, Jno Nichols. O. David Outlaw 2, Wm Outlaw. I. Jas Page, R M Page, Jno Parish, Jas J W Proser, Rob't Pitcathly, Wm Powell, Jno Pow ell, jun., Doctor Patterson, Wm Pierce, Juliann Price, Jno W Pullen, Henry Parkherst, Mary A Polk, R K, Polk, Burwell Perry "2, Wiley Pol lard, Joseph II Pool, Col R C Puryear, 6 S40 Parker. K. Geo Ryon, Jas S Ray, M Reed 2, Calvin Rich erson, Mary M B Rodman, Jas L ltoles, William J Ramsey, Walter J Ramsey 2, Chas A Ransby, Sion Rogers, Mary A Rogers, Margaret Rogers, Green Rogers 2, Hillsbury Richerson, P S Ro gers, Joshua Rogers, Jemima Rite, Willis Rey nolds, Wilia Rolister, Mary E Roberson, Sarah J Robertson, Nancy Roberson, Danforth Rich ards, H Robum, Wiley Ronba. S. Rich'd Sheriden, Jas Shepperd, M E Savage Dr W R Scott 3, Mathew Glewson, Wm Stead man, Sefc.,k Hiram Lodge, Robert Seawell, Jas Sheels, Jno Smith 2, Benj Smith, S B Smith, II A Sledge 3, Jas Stafford, Wm N Shauck, J3 N Sherman 3, Capt Stephenson, John Sorrel, .las Stephens, Alfred Stanly, Wm Seegraves, Jas Saunders, Ginna Shaw, Jos L Simmons. , SE Tusmey, Maiilda Worlda.Typographical, Wm Teril, Jno Taylor, Ann Taylor, Anna Tay lor, M R Turner; Geo 'S Turner, Danah Turner, Geo Thomas, A B Tompson. . U. Eliz Upchurch. W. Mark Wood, Green Wollen, Jas Whiaker, R M Whitenton, Shadrack Wedding, Christo pher Woodard, Catherine White, W M White, Wm W White, C M White, J J Wheeden, John Wheeden, Nancy Whitly, Jacob Wirt,-Susan Wilson) Hugh Wilson, Martha Williams, Geo Williams, J O K Williams, Jas Williams, Jas M Waddell, Mary Walton, Narcessa Watson Jos Wrilkens. Y. Wm B Yates. Persons calling for any of the above Letters, will please say they are advertised. THOMAS G. SCOTT, P. M. THE Subscriber has just received from New, York new and fashionable Goods. JOHN T, WEST, Fayetteville Street, ; Near the Post-Office. MR. GRAHAM'S CIRCULAR. TO THE FREEMEN OF RUTHERFORB0 Burke, xanevs 'Buncombe, Henderson, ' r - 7v,l n ' - FELLOw-ciTtzfiKS? The twenty-fifih Con gress expired oaAhiiiday iof this month ; and with itithe term ,wnich",I was i elect? ed your Renr6scta1tLve',in that body. . .Or- Qinarily, ConjgreVs holds its sessions fut once a year;"" in tlteasMWQ years, Imw ever, there nave beeh three session's. You5 remember certain experiments were made by the Government on the finances and currency, in wlucn Jl couiu not concur, oe- heving it is always wisest and best to let well enoughilone.'p The putjlic money was first (in-rr333) removed by the Execu tive from'the'Bankffrf the United States, and deposited in the State banks ; anolhese in stitutions held it oh the express'condition and command of the; Treasury Department, mat tney vtomarioan worn uoeraiiy to me people. Under thisj liberal and loaning pol icy of the Administration, new banks sprung up like mushrooms k specie was even bor-. rowed in Europe to make arid support banks; the old and the newjoncs contended f$r the public moneys; and all the banks loaned, broadcast, over tKe wiiole country. Spec ulation and overtrading were the necessary consequences and .large and heavy debts were contracted. The country had been intoxicated and stimulated to excess by life great facilities of borrowing mSney, until at last they found, to their cost, it was easy to contract debts, but difficult to pay them. In this general indebtedness, tbere was a general suspension df specie payments by all the banks. The debtors could not pay the banks according to contract ; and the banks could not nay the Government in good par notes. Thus, business and trade were wrecked and ruined. Credit and confi dence were paralyzed and prostrated. Hundreds and thousands of deluded debtors fell victims, and became insolvent and bank rupt, under the influence of this unfortunjate experiment. Amidst this scene of wide spread ruin and distress, President Van Buren convened Congress on the first Mon dav in November, 1837, and recommended what is called the 4i sub-treasury which IS tli is : That the public money shall be collected in gold and silver only; that it Shall be held, and kept, and paid out only by the officers appointed by the President; and that no bank paper s,hall be received inpay ment from the people for their public taxes and dues ; and that; no bank shall be used as a depository of the public money. In short, that the General Government will have nothing to do with banks and bank notes, in any way rtr form whatever. This proposition of the President has been re commended to Congress in each of his three messages, at:d is now properly, regarded as the prominent and leading measure of his administration. Upon this proposition I have bestowed all the attention and reflec tion of which I am capable, and, after a most careful and searching inquiry, I am decidedly opposed to the sub-treasury ; be cause, in my judgment, it is unequal, un safe, and dangerous to liberty ; conferring kingly powers on the President. Before I proceed to treat of fhe inequali ty and injustice of this measure, I will briefly state my views and opinions in re lation to the money and currency of the country. 1 am in favor of gold and .silver as a currency, as far as it is practicable to introduce it into circulation. It is the stan dard of value fixed and established by our constitution, and is regarded as such by all commercial nations. But the precious metals are very scarce ; and there is not, and ngver will be, a sufficiency of 4hem to constitute the whole currency, unfcl the hills be con verted irrto-gold, and the mountains into sil ver, and they coined into money. In the present state of society and condi tion of trade, to contend for an exclusive specie.currency would be to attempt to sell the debtors to their creditors, and to deliver the pooij. over to the rich.. The great question, then, arises. What shall be adopted and used as a substitute and medium of exchange, in addition to spe cie, to facilitate the operations of Govern ment and the business of the people ? His tory teaches us that all civilized aud coni mercial nations have used paper money lo foster and facilitate the progress of agricul ture, manufactures, and commerce. In the United States the creditystem and paper money have been in use fifty or sixty years, and are now identified with the business and property of every State and eouitty in the Union. Rights arc vested, and proper- ty has ben bought and sold upon the faith arrd credit of this paper money. Many of our eitifcens have sold their lands and per sonal property, made title, and delivered possession to the purchaser, for these very pgper notes m part or full paymenL The law authorized these bills to4iave5redit, circulation, and value, and thereupon you received them as money. You know, fef- low;Citizens, the fetate banks -were never any favoritesof mine, but were adopted by the administration as their fiscal agents after the United States Bank had ceased to per form that trust. Now, as these are the onlykhe propriety, policy, or wisdom of the banks, from which emanate nearly all the actual currency and circulation of the cdUn- try, :j4;ifenot tlreiiictate of Wisdom and the utyf; patriotism rather to preserve than Styythese instituti,ois and theirimoney, itj which the gtalea.-and the people have puch a freet and dep irifest ? If: right iJ0?4 pr.ptJlUic Tor the General: Gbverhment to do any act, or. pass atfy . r raelsure,nich stiMjppeciate and;deslrolhe.value tjiis paper, money, whereby the hojaest and- innocenlf .holders, who gave .arid'' paul full ' pjice, forTitbse theirjnoriey and property too I According toihe most accurate esti mates I ?can obtain," there are about eight hundred banks in. th&ilifTereht States offhe Union, which have holes or bills in circula- tiori as currency to the aggregate amount of more than four hundred millions of dollars; ! while there is-but about eighty millions jot dollars ol gold anu stiver coirYin circulation in the United States. This relative pro portion of the two kinds of money shows the danger toe apprehended from disturb ing the basement story and thereby render ing the foundation insecure If the under pinning be removed, the superstructure, erected thereon will totter and fall. The. questionis not, at this late period, what ought.to-.hvfe been the measures and policy of the Govefnment in by-gone days; nor is it the question, now, how we came into the midst of this bloated currency vanxf excess ofapcr money ? but, how are we to be extricated-and relieved from these' difficul ties without injury to the people and the Government ? The President,in hissub-trcasury scheme, proposes to furnish relief lo the Govern ment, but none to the people. Now; I think this partial, unequal, and unjust'. The banks have all, or nearly all, again re sumed specie payments ; and th ek .notes are current, and constitute the chief circula tion of the business transactions of the coun try. The expenditures of the Government have recently been between thirty and forty millions of dollars a year. Now, suppose forty millions of dollars in gold and silver be abstracted from the banks and the people to pay and support the expenses of the' Government : there is one-haj of all the coin in the country suddenly withdrawn from the trade and commerce of the people. This wouhl be killing the goose that laid the golden egg. It would inflict a fatal blow on credit and confidence, which con stitute the very spirit and. soul of trade and commerce. Another suspension of f ecie payments would follow; prrcesvould quick ly fall; and the States and people "Would again Buffer great embarrassment and dis tress. The sub-treasury proposes two kinds of currency the better sort for the Gov ernment ; and the baser kind for the peo p'e : gold and silver for the President smd office-holders; bank bills and depreciated paper for the people and tax-payers. Now, I see no sort of equality in this proposi tion ; but rank injustice. What! shall a party of indi viduals, who happen to be mem bers of Congress, and dressed with a little brief authority, vote to feed themselves out of the public treasury witji silver spdbn3 oui of golden dishes ; while their constitu ents are shuffled off and fed with horn spoons out of wooden trenchers ? Surely, ' surely, there can be no equal rights in this ! . ; I hold and contend for these principles;' That the Government i3 a trust to be admin istered, and not a property to be -enjoyed ; that the Government js in duty bound, not -' only to furnish itself,, but the . people, with a good, sound, uniform currency; that what' ever currency the Government uses as'nro- Lney, the people have an equal "right to use and enjoy the same ; and, furthef,.Whenev er the currency is deranged and depreciated. it is the high duty of Government to cor rect and remedy the mischief, and prevent frauds and peculations on the people..;,The character and tendency of this sub-treasury scheme are lo abstract and withdraW-all the gold and silver from the farmers and me chanics in the interior of the country and accumulate and concentrate it in the large cities, around the custom-houses where the Federal Government collects its demands. To illustrate this proposition of the Pres ident : Suppose that thd sheriffs and tax collectors of North Carolina were ordered by law to collect all their taxes (which is but about one-twenty-sixth part of what isf due the United .States) in gold and silver only; could the people pay it without great suffering and sacrifice?. Would not the family-safe, the little' till of the big chest, be violated and robbed, to satisfy the hard money demands of the officer? Further to illustrate this sub-treasury : suppose that the sheriffs, their deputies, andlcolljectors should be ordered to hold and" keep all the txes and public money ,fhey severally col lected until the State called for them; there by making the pocketss of ihe officers the treasury of the State : ' could any "man m North Carolina be found to advocate sudh a system ? I -presume not. If it be right -and reasonable in the, General Governments to adopt the sub-treasury r then it should be enacted and applied to the State Govern ments ; and vet no one of the twenty-six States has adopted, or even proposed it; but every one of them is now doing, what the General Government has done for the last fifty years they are receiving their taxe and publie dues either in specie or the notes of specie-paving banks. I cannot conceive United States Government, m its gigantic strength, usurping and appropriating to M A V.
The Weekly Raleigh Register (Raleigh, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
April 13, 1839, edition 1
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