Newspaper Page Text
a. dffiADEILdimriE aUOTITOAILo Ol viii.l Charlotte, (N. .) July C, 1838. XO. 405. L j oH" I'rvpnrtur nd i'uUihri$. 1 UK .MS: it) miLLAKs. i. .uid in advance, umura W ' 1 t,lU' " m J1" '0in l".!:!! if I'0' I"'' unU' l',e ""' " 'be r dicoriiini)f d until all a-rt-arrgra ar i !ii-ii'"i Mi'l'l lit Hup L'ii! la r ixr ' ,i lian ' '" iW '57 ) Ihe ...a j it M 'r hi h wnUtiuaute iNW GOODS. flllfE tMihacribcri Up JL leave to inform (heir cuatouiera ami I In- public, llial llity ia jiint received from Die Northern ( ilica, e-oinidcle ataorlmtnt of rW liuoda in iht ir line, cuiii. lug of lotil Ai silirr Lcvrr lVntrlirw, 'lain do oilr-m-.... ! W..r ff.' Hale. cl..rSPd ,m, JVlirr (JtHttl. n.rfnr; and a d, Out-li-m ul J.II mti " ' J t' I,. p..- u..c...,.:,.d.! "ar.A IM.k.iiv.a, Tlilifar) liood, iinf tM I:i4 lea. h untie ViXii lire pu'f .. k. l it ml. Adt rii".inri.U orilarad IB .iiii'fj ' (t.l.;lM.M ur icriaj inuaraiaa ; iIIVtr I II I III !-, I'rIK'll U4, Uli waltli mal-nal Hi all Kind. TUOITER A. ALEXANDER. N. II. Up raicl in a lu'M lina a fnrnl . ...r'.i f 1,1 i.lfi-at 'a'. I-rf IIIIH-M , Il:tf4,t HlldUalirka, imlvri sunt Hiding W III pa, 1I1 ui m tin I, a ill (ji- wild on good Iciim. .;.Y7X j (oraiaii. Hiaiii(iur(. N.C. '". w. ilatna. Aid' V I. I UEJKLV ALMANAC. jilY. Suu, MiKiN'S MlASlX . :ri iwla. v. 4 4 111 :it, II I". 11 11. a. 7 'J 3 tuf a. l-at I J 4 morn. rta 91 t I. I.,.. ;'H ' -J 3J afo. 4 1 4 HI -r: k0ii 4 j 1 " 4 il 7 If aeon! ISacon!! 13. 139. H. l ine It t O and aomi- lor ale TAi I.(iR. II.AIiklS i CO. i v. u PDI.E A II. II JI IhlMi IM Aii.IMI li:. I'. .K4'i I'lililir IIoii4 iii Charlotte, 7 T 1 m iii Ml iii ai .iii.i iu; Hou r, : itrull in. .SituattJ uUvl yards .VurA .'. i" Ar ' t ,,,'-i tu.rr JIouh. 1IIK M'lW IMHEIIH. la tit V llUMi I'f.l 0el toiRi ll rit K I ll I t irfDlllll'l. V ,.i!n. ll.al I!., f t ie ta ' '1'"' ilwril-r Ijkpll llil tn-lin of if). k u !!. i!d aland l-ti ally luriinn l(t" Cllll-'lii ol Mrtk!'ll!'Urt; ! orcti,.d in Mf. AUuf, 111 ' the m j .lliilijj CnuiilUf, ttdd liif (.iiIjIic 4 ); .1 . re in. r dt l CalfJ l- Uli- a!r . f ' , .,,.lal..-u. M....h... Il..lljtr.4l ',,"' t . ,M. f I ht.. i 'i t x! U iaifi4 1 ' 1 !!.iti. a liinl lii-t a til I ab.a ! . .. .,! la .l ah i in ay (ajf tl-a-u Mh ir ; li.j'i i oll!4 r -": or;-r, and itfiiL t.iii'i'rf!l'f rgi.Hwtf f ji an ih 1' p 'I aliail ! d lu t'i; , (Ktt ta ti'i!, if nut auif tor. M ,. ... ... . .i . f . Ki pairing ) :.c uh rfa'nraa at.d tit f;ttiff ur fiu a ui ". j. 1 " i" l4tj ; ' . ... , t- j -l mi'a!a and Indua 't. a..1 Ne taai o ! 1'ia ac Uuni!taa ' f'Ut!f atti'd la I''?! rtrt. Mra'il (HI ih- iAr iitwr, Itiitip ik a r t !i.nl-l' nfi IW U 4111.. itlM-a. I()Ki', !' a n r'i! r nml 1I11' hi li- r tt ir ti i ." jriin ia lir.m l- t ii'u n li-tli-i .ft iinf!.i-r. I . fd i will f' C v il.f !.tl.'fl will U rricni.) Mil) -r.4) Ijk'lig :,' -r': r. tari-J l'.r lt lr..t,... UM l:i;!.M:. :. 4Tf my via:. M 1 !.!. 1 u,.u I; il tn mi- l, N.,e or m ' m.tt!, nil? r ! f'l in r ric" ' fi In f fi i r i!nn:.i t'.- An I'. ttotiiuln-H aV Travt tiers. j I ina lj"u tit utirk'riinc tiinriKjh f-pnir . , eir alv lr ide iuritH inw c-j;h-i, "i:h I I In- d'Onii,,!, tl lnr? Bi.iblr-a, whii h tiuki J It ft C'",,(..rt jl,!l'. J,' .ili.iv tj,;,( . j til t.l ai!rri!i.fi ahill U- wiililu-IJ to tic ; j t-itiiiihrtl.ite Bid j.li-nw alt Iim inn) favour 1 j linn r.li Un it runit.m. I lis 'rablf tliull It" j 'uriiialn-tl willi ihi! le st thu cwjntr) ffr!, ina linuw; olt-lni-iJ Willi Ijillitul n-i ; t:, j ' hta Malilri taitli jit my, aitrinii-d "till j ' '"xJ (KiN if, an. I Ihi li"- 1 lv rlf" Die ti ' I li m In tHjiti at :it() ftCt'onuiiiitUtion, to : ; HH'lit lilr. f.i! ai.uru id ttiP (Ml'ilio imt run i,;f. ' W. V. Al-LXWDhl;'" j ( karUlt, Afnt 10, r3-. H3-ly ' tC" 1 1 1" iuitl bIi ml" inn Ina Int-tni nrtl tuat.Hiii'ra tlut tic haa tiiuvril Ins St Of I. t of iiooilx ' Hi ii- tr riMHu, mil- j 0 ft ii.irttt, ii'-ar to lli I'm Shup, wh'-rt h j tutd Itr glad tu st' u!l t I10 r.t lo tm ' Utr.ui. V . 1'. . Mrnrl j tit aajWriinT Imnj; ' 1 uiili a ntxivc ( onrnrd, mi j 1 11 t il.l, ! I at tii iil.tM'i 1 i- 1 r . A- id tn IHV Ituallfaa lit i, H. T. Al l V MKK : ! orici:. ! i II. '(a ,!,. h it ,(, 1 I nit, a ni.mt.1 ttipi '''. I ti,r lStP C,.. . S. I.i,!.-, I i "'I'i! ti jin -nit tin hi prtijwrl an-' ' '' ''l ''liii Iii'- ti ( ri-irri! J by "' iva n(M(. , j ;,,( , i,(f , , , W. M. M VXWI .U .U m,. ; Ie3i. o!d i.iy rund, n t!i fi . a l.i M MCh, ntxiut S ur U l'Ut 11 liainia liigh, I-ft t v iKit iitid lilw.i? in li r inrli'Mtj mxl markt-d iih tli and-tic a iuiul df-al. Any rjn taking up -ud M.rr rid giving tn lutur u .ttitia f tin- aariit rhnll lie lilWul'y rr artird for their trouMp. MKUAI I. WALTER. .. Il l-.'H. M! Ir m tc iii:ui(;. ; '111 IK aiibtcitU-r rfniTc-ifui1- j ly inftiruia the riliZ-m td 1 Ctmrliitlo tlmt he iniruli to J r.un rit i!trmii:!UNi; I nidtili' id-July, and irntni.-8 li 1 mi'iilv ll1 riiiz-o tltrrf t triica 11 rrk ith j i;iMjd IlKI'.r'. Ho In if" a !y cliw nMPtititin : tn lMtitii-, mid ilif demr1 to (iI'mw, l title liiiiiaX'lf la a IiIkvhI slmrp td' ntroiini;p. M. S. A l-KXAXPKK. 411-1 I'rtfj umif Ysi ai f J -r an a 9 "f- i' I 1.4 .1 Mn ki-nbtir' Cunt 8,1 "-''ifipi In pie tli,-,r ,tiiirliinl ' V;rc ' "fit mid tfr inii.lfr gnuiiid . '! 'tt t'.isi, and brin nh lln-in Nnlt "") i en-, tufl'iiiftit tn uiy ' '". f"' 137 ;il. nrrrar:ip ttti', i ;'rr Bf'-' Itmriy thtlt al:tlid llli(.ttid. I ' ' ifrm (,r . ,f,.(.ij t ' '' NnractiM- will In- taktn U4 III ' : "ni tho Cath 1. ....1 1 iii-l.t td until' t!i ulxivc 1 iclmif in --a,..,,,. , j r . Md osaI i.III Y.AVWri ; tlif riitinty if Mfi klenbiirjf, rrap-ctluily iti ' ,'39 '' ; f irm tltftr (rii-iid uu.l tlit publir fn'nfrnlly, M lMjt; a j i tint lin y bvf mi" in tipcr;iiiin 111 ClmrliitU-, ' ' ' . 1 . ... t. ...... ltd 1 ii-initi M I At 11 m.,,, (,f wtit ri' uiij iitin 111 tin; tn i'ettriit Steam r i : 1 1 1 1 : 1 : i: i : ov ato i i Health atut Economy. PJHIir. t)li rttnr li.ivnij piirclmsfd llif hlihi'lit II itVt - 4" M tnu liiivp ihifir m'da rptin :itru. I lie pro , JlUi JjjiJiJu!! J Ul. ln ,!, r,MfV re luftin.-d tlmt lliry V. J ,"""l"-kT. "" 1 ". 1(,lo.1d...,a,leo'"l'l'u'l,H,l,"a!'lK,r, tn, Ul iit llori t., i ii.t .11 hiiveunoiHNiriuiulv of a utn. '? U,J dr"t'dl..M,ni.,,u.l,tv. '1W furlhcr rilcubr. ''f M ti liailta ki .U!t..ll..! al itiihiiftrlii. '. llillldbllU. ".i.ndil,.,,, i;ut r,, ,, j T ' "" Cutun, trtAfluf film rAarirr. . . mat liavt. ovlpr. f.,r lat:- i;t,.i.. .V 17, 'if r,, ', ".,fi,n" ," t"r'"t ' " ilof r C lttu ,l",r- ,i, ,M" M want, (alirllivr of U.lt, ?', V "' M'l'l'-.) ll.al Uio a.ti. lo may U 'd"ila iimld it,.. i ' "" lit. fi,.. .. . " . ' m,n "B "'ir rnl, to innutu , 11 Pit up, r r-diiorul-. n" . ... "Itlven - 17 ('aprr, wiioni'l jmli;. H u.n.1 ' . m'nt anil.timl of .in dullata. al A. MOMUdM F.liY. G. W. Hi U S I ON. I'tia vinniy of y tiling men in loving lino clothr and net fNhtoim, and valut"g them mp1vp liv lliftn, i one gf lb must chiltlmli pu i nf ft.tty llmt ran lx, und iliw cn- iin tif pront iirnfuttfin'8 and undoing of ytHjiii; nii'ii. Avoid curiosity und too n.neh rtpfiiHivpiu-Ha in your apprnt'i, no coniPiy, ' "'9'utmp I "" du'y l''"l i lilnaapK,"! ilio ! plum, di-rrnt, tU aiilv, tud rurinuti and cost ill .''i"' ,I',",H f c'"r'',, 1 iv ; H l lh" sign of a w. uk h.-nd pn-ro to U. i .7 ti-'-iaii mck '''"," "if -'-r . t it or tuu worao won- t ' """" ur run of tuakagc. ' out it. Sir .Uuifitw iiuif. l'rom Eroarn'a Lilt rarjr Omnikai. HANK OF ENGLAND. There ore iighti, periiaptt better worth weiog 10 London than that of the interior of Hie Bink of Kuyland. ilutvever en larged may hava lietn Ihe k( ranger's ideas i f Ihe extent of the entabliahmerit, lh ac tual thing itaelf 1 sure to exceed them ; he fanciea, when taken frorn one apartment lu until her, that he i uever to see the hole place ; and he wonders aa ha goes frorn one part of it to another, and sees so many per sons buaily employed in them all, how there can be occupation for mi many. Hut, that department of the I!dtik which, as might be eiptcted, strikes the atranger with the greatest aslofiinhinent, is the large room, where the ordinary transaction i. puyitiJ in and taking out money occurs. The number of individual employed in this de partment of the bank Blone is, 1 should sup si, from a rough guess, from aevi-nty to eighty. Then there is the everlasting bus lie caused by people coming in and g'jing out, 011 the out wide of the counters. Thitt department indeed, hs all the appoarance of a market place. There is a crowd of erous conalanlly present, and they are al ways moving as if in the opeu streets. But the most interfiling sight of all, und that hich im sure to rivet the stranger's eye as thedly as tf there were some charm in it, is the quantity ot jjold he sees lying peat fied on all purls of the counters, coupltd with the large bundles uf notes he sees in he tiundi of the payers anil receivers. ."Mvereijjris he here aiid there in heaps, like many mountum iu minialure. Adt'is'iti ur fcCn-9 in his own simple, but expressive language, t he anneyanie which the poor pen4iita in the Soulb of Lutcji tiiust fed, lien they sue ihe oranges grwtiig in such numbers on the trees around them, and vet due n, t tmifh one uf them. I have often ili'-ug'it the fi cling of a ron with an '-inp-ly pi:re, who sets soirrcign in such nhnn d rice to the c uuters of the Bank iif K i ' land, and vet dare r.ot Hngir t?!-rri, ouhi he 1 -'iineiliiiig biii:iiar, and us if to aggravate this fe'-liiig, he M-es the clerk throwing idem abui with an air of as much seeming iiiClTi rt nee us if they were lumber. Tin client td lu-iiies dune in tins dt p irtmcnt id 'fie r, mk in the coure o a day , ;s great ly beyuiid 1 hi tany one could previnus!y imagine .vi'hiti the bounds i f probability. I u ni aurcd by ont who has been many jeur in the establishment, that in the am cle t.f aovereitn iiloui-, keeping out of view biii.k notps, a quarter of a million ill some t mien exchange hantl between the barik Tnd i's crt ditort, in the cwursti of the cit;l.l hours the estabhinriil is open. I have liprd the etiliro amt-unt of money, mclud ing bank post bills, Vc, which is turned ver, iin nil avt rage, m n day, nt the ,tnk, variously estimated. Ihe luwi-m t-atiinn'e H ".OUO.OGO, mid the highest '2, 5i'(.t,tH(i. The quantity of busint-bs arising private accounts is very great ; the number of these variea as a matter ol course. I in hevr it 19 at present U teen twelve and fourteen thousand. I have aptjken of the suiprisc amounting to Kew ildernicn;, whitil a stranger feels on his first going through ihe hark of I'ngland. Thoxv wh.i visa the establishment to re crive the divideudi on the public funds, are a. bandied about from pliice lo place lit foie th"V linger the money, that they fei I the ut'i esaity of a guide ns tenaihly ns if thev had ltni their way in some unknown region. II is quite common to are persons usking the way from 011c particular department to another, just as a stranger dt.s the way from one strei t lo another. I havetijid that on nil oeensions the prin cipnl upnrttiieiit of the liink is crowded wilh eroiis busily eosoged in paying away and receiving money ; hut to see th busi ness dutie at the Rank to the greatest nd vantage, it is necessary lo visit Ihe estab lishment on the first day on which the half yearly dividends are payable. The scene which is then exhibited is indeed worth seeing. All the apartments for the various kinds of storks, and the passages leading from one part of the establishment to anoth er, are crowded with persons of bold sexes and of all classes. One may, on such oc casions, philosophize lo some udvantage tin human nature. A large portion of those who draw their dividends on ihe first day ou which they are payable, ure persons who live up to their incomes, if not above them, und who choose rather to gel iutodrbt than lo touch their stock. There are others who ure miters, and whose sole delight con sists in adding one sum ! another. Such persons usually make a point of drawing the nmouut ol their money the moment it hi-coines due: their eves feast on the very sijjht of gold. Then see the diversity of characters, and the varied circumstances of those that hove money in the funds. You may, on dividend day, ' persona receiving their interest nil large sums, for whose en tire wardrobe you would not give six pence, ai d w horn liad von met them outside, your first impression, if you have any'feelmg of coinpnsaion to your bosom, would have been lo give them a few pence to preserve them, nay mi would have fancied, from absolulo starvation. Who would believe it, yet such is the fuct, that nmong those wbo have! "PASSAGE AT ARMS," large sums m some cases two or three ! Between the tvo South Carolina Senatort, thousand pounds in the funds, are the We promised, in the last Virginian, to sweepers of the crossings in our leading copy a discussmn between Messrs. Calhoun London thorough fares ? l'he circumstance and Preston, nn the Treasury Note Bill of a black mail, who for many years swept , in which the former was completely floored lh crossin4 at the Fleet strtet end of new and cnanacled. W e now subjoin it; and I'ndge btroet, having at his death left a i slier readingit.no one will be astonished large sum of money to one of the late Al- j that Mr. Calhoun's organ, the Muthington derman W'aithman's daughters, because i Chronicle, after giving Mr. Calhoun's re she had be n in the habit of giving bun marks in exfermo, was afraid to publish the something every time she passed, is well overwhelming reply of Mr. Preston. There known to many. A more recent cause of certainly was discretion, if not justice, tn its the money accumulating propensities of; course: lirimun. these crossings sweeps, occurred a few months ago. II a paragraph which appeared in most of the public journals was to be Mr. Calhoun said that his colleague had made an objection against the constitution ality of this bill, which he deemed it prep. credited, the old man who swept the cros- ' er to notice. It was a rule with bun, w here sing for the previous twenty five years at Ihe fccotlaiid 1 ard part of hitehall, left behind him l.GOO. Let not the mention tif these two cases of rich sweepers f the crossings, have the efT' ct of leading any one lo the conclusion, that ail these geutry must have money. Perhaps nineteen out of twenty of liiem barely contrive to live from hand to mouth. 1 only allude to these in stances as being apposite illustrations of my position, that on dividend day you will tee al the liarik of England, drawing the inter est of large sums, er sons' generally suppos ed to be iu the most indigent circumstances. 1 have sometimes endeavored to form an estimate of the number of p rsons who re ceive their dividends on the first slay of eve ry half-year ou which they are puy able ; but it is difficult to come to any very coi.fidenl conclusion on the suLj-ct. I am satittfied I am under ihe mark when I say it exceeds j ihorise Congress to issue billi of credit, ten thousand ; perhaps 1 should not be far ! He did nut deem it necessary to go into a wrong, were 1 to compute the sum paid ! formal discussion on either point, "llede away by the Hank on that day as dividends, j nit d that they er bills of credit, in any at 510,01)0 ; but, of course noihicg like a projicr sense of those terms. They were certain data to go on in such a case exists, intended 10 raise supplies to meet a tempo, so that this is only to bo regarded as a , rary defint in the I reasury , and were, in rough guess. (fact, nothing ninre than means of auticipa- 1 he number of persons employed in ons ' tmg the revenue. the Constitution is supposed t be involved, to bestow bis serious consideration belbre ha acted, and, if he saw reasons to doubt, not to give bis asnt. Uo had complied with the rule in this case, and the result was a clear conviction that the bill was con stitutional. The right hud been exercised from the commencement ef the Govern ment w it bout being before questioned ; and, according to his conception, came within the pt wers expressly granted to Congress, to borrow money, which meant neither more nor less than to raise supplies on the pub lic c redit. Interest was not essential to bor row ing ; and it would be ridiculous to sup pose that the framr-rs of Ihe Constitute 0 in tended to authorize the raising supplies with interest, and to prohibit it without it. Out we are told that Treasury notes are bills of credit, and the Constitution does not au- way or other in the Bank of England is sh great, Ih it they may be said to form a little But be would not pursue the argument. lie w ould bring it to a short and decisive is- community of themselves. The number of j sue with his colleague. His colleague is tha clerks alone, though occasionally varry ing, j strenuous advocate of the joint resolution is never under 900. 'I he number of en j of 1816, which authorizes the collection of graver und printers of the Hank, is 33. 'the public dues m the notes that do not I he salaries of the cleiks vary 500 down j pay specie. Now, none afU d?'ny tf'at to to 75. per annum. The entire amount auibonz" receipt of banfc fioles in the pay. paid to the various s-ervants of the establish- ' merit of the dues of the Govt rnment is vir- meiit, about 1,000 in number, is upwards ofi.'00,00l). livery one has bis own department in the Hank, and no one knows whai any of his colleii-ucs are about. Two clerks may have siood fur years next to each other, as regards the locality of the esiablishurent, lually to endorse on each note that it shall bs received in kbje public dues; or tout .f the Government had the right to do the one, tt had the riht to do the other. Nor will it be denied, that if the Government has the righi to write on the back of a bank urate that tt will be received in the public and yet knew no more of one another's bu- j dues, it has an equal right to write the same amess than if they were in the service of jon a blank piece of paper, or, which is the different employers. Perhaps there ure J satin- thmg to make a Treasury note. Tha few establishments in the world w hich af ,tiu'h is, thai to authonz bank notes to bo ford a belter exemplification of the accu j icceived in the public dues is neither more racy and regularity which may be secured nor less than to make them, to that extent, in the iiiosl extensive and the most compli cated concerns, by the adoption of a proper system of business. I he Gklmt Metropolis. Linng t.p to the Means. Ihe Greens boro P.iiriol tells a good story, and locates it in this county, (Wuke.) It says, tliat a mini who was in the habit of raising Sweet Treasury notes, and is, pro tatito, as much the making and is-umj su' h note as it done on a separaif puce of paper. If the one be uucons'iiutinnal the other is clearly so. Now. he would make this bargain with his colleague and other advocates of Ihu connexion with lite winks: if they will five up ihe use of bunk per to the Govern ment, he would give up the use of Treasury notes; and it they will tieny tlie consiitu- Potatoes, to speculate on, finding himself, this Surmi?. entire v without I 'ulatoes ot i t., c f V . ll"'iinillT.'l aivva(iaaaiaai"aj 10 " """J not insist en the constitutionality of Trens. his own raising, found it nect-ssarv to buy ol his neighbor ; and accordingly purchased 10 bushels at 50 cents p. r bushel. Having procured the Potatoes, he buried them in the ground to sprout. The Potatoes hav ing sprouted ou' of lh ground, he pulled the sprouts from ihe Potatoes and planted them out then took the I'otatoes out ol thu ground, washed the dirl from ihem clean, and took ihem 10 Kitletuh and sold them nt stJ-fy ftco und a half ceuts per bushel ! e think our friends of the " Pat net" have been iiiiosed upon, as to the lo cui t'l quo. Wa do not like lo run the ri-que if doing the injustice to another couidv, which ww are confident has been dune to Wake, or we could put our finger on a county, where, we think, it is more probable this cute trick Mas performed. Ai. lltg. Cotton Flanks. An injunction was laid yesterday in this city, on cotton belou-Mtig to the Brandon Bank, for . 0,000 of her Holes protested for non payment. W e no ticed some days since that a demand for pay ineut ef a large amount of the uoles of this lianli, had been made at her counter, ami the only thing ofYrred was two thirds iu post notes, pay able in one and two years in Philadelphiaand one third iu n certili cate of depusite, payable when the Bank resumed specie payments ! 'I his 1 one of of the cotton shipping Banks, and it st ems that some of her creditors are deter mined to hold on to the cotton boles for the redemption of her notes. Arte Orleans 'lYanscrijt June 2. Early rising. O.-an Swft says thft he never kuew uny innu to rise to eaiinence, who lay in bed of a morning :" and Dr. Franklin, in his eculinr manner, says that "ha who rises late msy trot all day, but never overtake his business." urv notes; and, in so doing, he should make a very good bargain for the country. But hew asutteily unw illing to admit a con struction, which) while it denied to the Go vernment the use of its credit, would give monopoly of it to the banks. Mr. Preston. I beg leae to say a word or two by way of rejoinder to my colleague's! reply to the constitutions! oljection which I urged when I first spoke. In the fit st place he states that the right to issue Treasury notes has lieei exercised from tho fouudutioD of ths Government. $0 has the right to establish a bank. So has ihe right to receive bank paper in pub. lie dues, lite denial of which right under the Constitution, is the foundation of uiy colleague's new theory of finance. 2dlv. He says it is expressly granted in the power to borrow money, under which this is included ; and yet he says that ha never will, m war or iu peace, borrow mo ney, or 111 any wise create a national debt. Bat ihe Constitution makes a distinction between bills of credit and borrowing mo ney ; for tho issuing of the former is pro hibited to the Slates, w bile no one doubts that they may borrow money. lie says it would lie ridiculous to sup pose that the framers of the Constitution intended to authorize the raising of sup plies with interest and not without it: and vet, by Luther Martin's report of the pro ceedings of ihe Convention, it appears that (hat body, after much warm discussion, de. med to Congress the power to issue bills of credit, and granted the power to borrow mo. ney; for a very obvious reason the borrow ing ef money does not mtiite money ; the issu ing of bills of credit is making money, ia creating circulation which is the avowed object of this bill. My colleague denies that the- bte bills of credit. Judgo Marshall