The North-Carolinian. [volume], July 31, 1841, Image 1

About The North-Carolinian. [volume] (Fayetteville [N.C.]) 1839-1861

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BAT- t Mi I a - IT I VBBW v ,V N W I V "Mill mi Vl T A' . . - mMW .T .T7 X . . t'-"
. " - - - - " " " ' 1,1 " "" Kaagaaaa 1, g i mm '11
i i. i , , ,- - CHARACTER IS AS IMPORTANT TO STATES AS IT IS TO INDIVIDUALS; AND THE GLORY OF THE STATE IS THE COMMOx4nOPERTV OF ITS CITIZENS." .. - -
"HOLMES & .BATZlZr ) - " ' ' ' "'.:, '
ML rgP5 . I STEAM I , ' Political.
KML OSBB Featlier Renovator.
Do
Do
T E K 31 S
OF
THE NORTH CAROLINIAN.
Per annum, if paid in advance, 2 50
11 paid at the end of G months, 3 00
if paid at the end of the year, 3 50
Rates ef Advertising:
Sixty cents per square, for the first, and thiry cents
. for each subsequent insertion. -
A liberal deduction will be made to advertisers by
the year. .
Court advertisements and Sheriff's sales, will be
charged 25 per cut. higher than the usual rates.
All advertisements sent for publication should have
the number of insertions intended, marked upon
them, otherwise they will be inserted until forbid,
and charged accordingly.
No paper discontinued until arrearages are paid,
except ut the option of the Editor.
No subscription received for less than twelve
months.
fCZrLetter? on busings connected with this estab-"
Mshment, must be addressed IIoi.mks & Batse,
Editors of the North-Carolinian, and in all cases
pest-paid.
iCU Subscribers wi-sliinqj to make ren.ittanc s
by mail, will remember lhat they can do so free of
postage, as Postmasters'" ar; authorized by law to
frank letters enclosing remittances, if written by
themselves, or the contents known to them.
lrices of Jul) Work :
HAND BILI..S, printed on a medium, roj'a!,
r super royal sheet, for 30 cop'cs, !?2 50
P.,r 5i) coi'ii s, 3 00
A id for c( ry a hlilion:.! 100 co;:es, 00
1IOMSE EiLLS, on a s!i::tt from 12 to IS
inches square, 3n fcpii s, 3 00
v Over I S inc hes;, and not exceeding 30, 5 00
VAHD., large xi-c, sin J ? puck, 3 00
A.nJ for every mlditio pa' k, 1 25
Sin.iller sizes in proportion.
lLiANKS, when printed to order, f r 1 quire.
2 00
00
75
TICKETS, and
;!I kinds of BOOK &. JOB IMIWWING. xccutZd
lioap-for CASE1. -.,..
And fr very adUiiynuI quire, uni r 5
Exceediug 5 qilres,
C I R C UL A'rt . I N V I T ;tF10N
B
Kept
THE FOLLOWING
LANES!
constantly on hand
ipe
Supr.Ct.
AM) FOR SALE AT THE
CHECKS, on Bunk of the State, and
I'ear Bank.
PJIOSECU I'lON BONDS,
il A II R 1 A G E LIC i lNSES
VEXDI EXt'O., constables levy
CO-MAJISSIONS to tuketleporfitions in equi
ty, and Supr. court
AP1JE Vlt A:CE BONDS
W1UT8, Superior and Co. Ct.
OA. SA. Supr. Ct.
INDICTMENTS for Aflray, and Assault
and Battcrv. Co. and Sup. Ct.
CERTIFICATES, Clk. Co. Ct.
JURY TICKETS
ORDERS to overseers of Roads
BASTARD V BONDS
'PAX RECEIPTS
"WITNESS TICKETS
EJECT-HEX TS
I'ATROL NOTICES
LETTERS (,f ADMINISTRATION Bonds
Dec lis, common,
Sheriff'?: Deeds,
ConslnLIes Cn. S:i. Bonds,
Io Delivery do
Appeal Bonds,
Kquity SuhpoMias,
Superior Court Fi. Fa.
County Court Sri. Fa, to re-
vjve pid'xntent.
County Court Subp.anas,
Superior Court W:nTf nts,
IJoikIs for CoPrd. A prentices.
NEW GOODS.
0 S ubscr i her lias recei ved h i s Fal 1 and Wi n --H
ter supply o" Goods, embracing a general as
sortment oi" fc
Shoes and Boots, Mats and Caps, Hard Ware aim
Cutlery, Crockery and Glass Were. Wines and
Liquors, Groceries of all kinds, Patent Medicines
a'nts and Dye Stuffs, Hatters materials, &c. &c.
1 lie Stock 1S very heavy, .Merchants are invited ft
call and examine for themselves. South Carolina
money u ilT be taken at par if paid n ten tin
Goods are boitglit,
G. B. ATKINS,
Oct. 2G 1839. 35tf. Foot Hay-Mount
LAFAYETTE HOTEL.
lVayettcville, North Carolina.
THIS ESTABLISHMENT will be open after
the 1st of August, under the management
ana direction otthe Subscriber. The House has
.been thoroughly repaired, and will, in a few clays,
be well furnished; and every effort will be made to
render it worthy of patronage.
EDWARD YARBROUGII.
.In gust 3, 1S39. 23-tf
IrCP'The Augusta Chronicle (weekly,) Raleigh
Register and Standard, Wilmington Advertiser,
Greensborough Patriot, Salisbury 'Watchman, and
Cheraw Gazelle will insert the above, three months
and forward their accounts to the subscriber.
E.
SALKS
Of Va.lna.ble Lands.
Y Virtue of a Deed of the Court of Equity held
for the Count y of Cumberland at Spring Term
will expose lor sale at the Court House in
Elizabethtown, Bladen county, on the first Monday
in August next, all tne interest ol otphen liol
lingsvvorth, dee'd., in the Alill and Lands lying and
being in ihe Counties of Sampson, Bladen, and Cum
berland, and known as the Mallet Mills. The sev
eral trai ts of land attached to the Alills, are suppos
ed to contain fifteen thousand acres. The lands are
well timbered and the Mill situate on a never fail
ing Stream (viz. Black River) and affords a good
opportunity for those who are disposed to embark in
such busijiess. The interest of said Hollingsworth
is one-third of the tame. j
A credit ofsix and twelve months will be iriven
the purchaser, on giving Bond with approved Se
curit', for the amount of the purchase money.
AKCil'D A. 1'. SMITH,
1841,1
WE would respectfully inform the Citizens
of this place that we have a Stiam Feather
Renovator now in operation here, and are prepared
to accommodate all persons who may w ant their
beds steamed. -
IdP Price for Renovating ; two do'Iars for beds
that weigh not more than 4u lbs., and 5 cts. a pound
for all over 40.
Any person bringing more than one bid can have
thm Renovated for 1 75 apiece.
Fayetteville, July, 1S4I.
The work is done rtirely by the operation of
Steam, no fite coming near the. Feathers, and no
possibility of scorching or otherwise injuring them.
By this operation all Moths are destroyed and re
moved, without loss or waste of Feathers. On the
contrary the bulk is very much increased (often as
much as one-half) nothing being removed but
small particles of dust, &c, They are also cleansed
and purified from all disagreeable smell that often
attends Feathers, to the destruction of health, and
are entirely cleansed and dried, and have the ap
pearance and essential qualities of new Feathers.
We would invite all who prefer sleeping on pure
and soft beds, to try the Steam Feather Renovator.
All person's are invited to call and 3eo the machine
in operation and be convinced of its utility. This
operation of Feather Renovating is universally
approved or wnerever it lias been introduced.
Persons can, by sending their beds early in tlf a.nd whlch was ready to condemn anj&instltu
June IGlh, SH.
Clerk andAlaster.
121-Wis
A NEW SCHOOL.
X Monday the 5th of October, the siih.-riibei
will open in this town, a school for boys,
where the various branches of English and Classical
studies will be taught. The charge for Tuition
will be Sr'l" 25, per term, fnr all engaged in Classi
cal studies and the higher branc hes of English, or
Sll per annum. For i-ho ordinary branches cf En -irlish
studies the charge will be $-3 25 per term,
Tuition i i all cases to be paid in advance, and no
s-tudont received fur less than a term. The year
will commence on the 5th of October, and close
carlv in August, with no intervening vacation ex
cept an occasional recess of a few days. No deduc
tion will he made for absence unless by special
agreement. Having taken a commodious house,
the subscriber will accommodate a number of board
ers at .JO per annum, including lod:inir, room,
tucl and lights. SIMEON COLTON.
Fayetteville, August 13, I S 10. 7G-tf
Fayetteville Observer ami Wilmington Ad
Acrtiser will please copy four weeks.
31 I I, S T O X K s .
nnilE Subscriber iVaving recently opened a new
M -111.1 rrv nf superior frrit. is prepared to furnish
,-,.. ihprrrStniies. either r.t the ouarrv or at the
l.m of C. J. Orrell. Fa vettcviile. The quality ol
.1... ir.,..!-. I'unniv S:ifi!ics is ph well known as not
to need description, and the Subscriber will war-
all stones sold by him. If tlicy sliouiu 1101
1m o-,,i!. another miir will he tuinisncu
rr.i . ..: - 1 .11 l.-
without charge, x ne puce ia u mn nw.
'"lwcnms u-ishino- to niiri'liasp, can apply in per
1 .1, - ...l,lr..i.il ii C:i rl h:i ct--. .Ifiinrf?
nr iciiii uuuni-.-i , v. -
N C with description 01 me size wanira.
J ESSE SOWELL.
Moore County, April 20, 1r30. S tf.
oco
1 a nt
l.rovc to
son,
county,
Loco v
1 1 Ti r f fU T f AT
s -a 1 4 9 m i e H e
MATCHES.
1
4 (JltOSS, HOL.MF.S' Improved Fric.
Mat.
dies,
i. A:.p!v ;o
an! - 'I'piy
1 I i .iv. to s
t received, and h'
.1 1
1. a supcuor article, ;iihi
JAMES MARTINE
the above kept c-n hand, and
a "a 1 n .
Valuable Property
THE SUBSCRIBER, contemplating a removal
to Ihe south-west, offers for sale, at his residence, on
the 10th of August, next, his valuable Plantation,
lying op both Fides of Puppy Creek, about 14 miles
west of Fayetteville, containing SyU r.crrs.
ALSO, a plantation about one mile distant frum
the above, near Big Roekfim, an t adjoining the
land r cently o ncd by W in. Carman, containing
400 acres.
ALSO, 200 acres of uncultivated Land, in the im
mediate neighborhood.
IdJOn .the said creek are one or two good sites
for mills, and ail the above land is well timbered.
Persons disposed to purchase are invited to call
and examine the premises beforehand, as the sub
scriber flatters himself that tin ir value may be more
lustlv cstimued in tins war man uv a description.
TERMS: one-halt to be paid on tlie 1st day 01
November, next, and a credit of two years will
be given for the other ha'f, the purchaser giving
botrd with anproved security.
ON THE' SAME DAY, his Stock of all kinds,
consisting of Cattle, Sheep, and linns, Rc.,&c.
ARCHIBALD COLUUHOUN.
July 17, 1311 125-2t
morning, fret them the same day, and ready for im-
iiii-uiLiLb uoi-j u o me i caiucia die uOUIJMCtcTy urieu
before putting them back in the tipfcf"'
It might be supposed by spinethat the good ef
feet of the operation wouldbfe only temporary, but
this supposition is whoHyground'lesj, for the rea
son thut whentheJFeatheis are thoroughly cleans
ed from a.ID spurious and obnoxious matte.-, it is
certainly reasonable to suppose that thev will re-
f main In their enlivened and improved state. .The
principle has been iq operation now for aboul two
years at the North, where it has met with entire ap
probation, and is now spreading through the South
ern States with applause and success.
Persons disposed to try the Renovator, may send
us a bed, of any description they have, from the best
and newest, to the oldest and poorest, provided they
are either Goose or Duck feathers, and unless per
fect satisfaction is given, no charge will be made.
IV here any person has as many as four or five
beds dune, they can, if they wish, receive a surplus
of Feathers sufficient for an extra bed, so greatly is
the quantity increased by the operation !
THE PROPRIETORS.
J. & J. KYLE
HAVE just received by the last
arrivals from the North, a large and
DRY GOODS.
Jlmong tcJtich are
1S78 Pieces Calico; 150 Pieces l't in ted Lawn;
Ginghams; Plain Muslins ; Bishop Lawns ; Irish
Linen ; Lawns 5c Diapers ; Linen Cambric ll'kfs.
3-4 to6-4 ; Brown and Bleached Domestics ; Black
and Colored Silks: Bombazines: Linen Drilling ;
Rawan Cassimere : Kentucky Jeans ; Blue, Black
and Colored Cloths, and Cassimeres ; Sattinets ;
Carpets, Ingrain and Cotton ; with many other ar
ticles, all ol which were purchased by the package
at the late auction sales, and will be ottered very
cheap for cash, or on time to punctual customers.
Also. On hand, Anker Boltfng Cloths, at about
one half the former price,
June 25, 1841. 122-tt
Blank Warrants,
State and Civil, with and without judgments, just
printed and for sale at the Carolinian Office, where
all kinds of Blanks arc kept for sale. Will our
riends give us a ci!l ?
PIANO FORTES.
AGOOD Assortment of Piano Fortes may con
stantly be found for sale at the Female Semi
nary. Enquire of the PRINCIPALS of the SEM
INARY, or of Coi.. K. T.tJAWLEY.
FaycitevillejNov. 30 1839. 40 tf.
Walk-
linir at
Remarks of Mr Benton,
In Senate, Thursday July 3. On Mr
er's motion'to ameud the bill, by addiof at
the end of the seventeenth fundamental
rule as follows :
" That the cashier of every office if dis
count or deposite shall, on the first Jlonday
ot January in each year, transmit tpithe pre
siding officer f each House of Clongress a
list of all notes discounted, and op all bills of
exchange bought and sold by those offices,
together with the names of aji drawers and
endorsers of said notes, and-of all bills of ex
change, wilh the drawersjfndorsers, and ac
ceptors. " f
Mr BENTON wasfriendly to the amend
ment, or rather toHe object of the amend:
ment ; for, .whilenrriing at a good object, he
did not thinkJfwent far enough. He was
in favor of publicity in bank proceedings, as
well as inDther cases, and had no doubt that
this publicity would be eventually attained. It
wa3 in harmony witbfthe spirit of ihe age,
wrrifh demanded light, and abhorred darkness,
IS 10
?0-ti
0UNTA1N BUTTER.
4
Firkins (assorted.) Soir.e
ci v surifnor. at 01 ices new
5 to 25 cents )cr pound
for sale by
,,v.:l, IS 10.
t
GEO. McNElLL.
OR JS"KAT iVORK.LWD CHEAP.
JAMES SUNDY,
Trimmer and Harness Maker.
E 9 EGS leave to inform the public, that he is pre
JLPparcd to do all kinds of CARRIAGE TRIM
MING and HARNESS MAKING, in short time;
and on the most reasonable terms for those who may
favor him with a call.
lie has now on hand and fjr sale at reduced
price?;
J Ueirant Brass and Silver-mounted
Carriage Harness,
Gig and Sulkey ditto, ditto,
Buggy ditto, ditto,
Japan Gig and Carry-all ditto,
Ivory-mounted Trotting Whips,
Gig and Wagon Whips,
Wagon Bridles and Collars,
Hiding Whips and Spurs,
Saddle Bags,
Bridles and Martingales,
Coach Lace and Morocco,
Knobs and Tacks.
fJ Gig and ISarouehc Top. and second
hand carriages, .'ve., Repaired 0:1 the most reasona
ble terms, and at short no-tice.
Orders thankfully received and prompt'y attended
to.
All work done by me repai red without charge
if it fail by tail uyjiie in a reasonable length of
time.
Fayetteville, April -27, 1541. 114-lf
FISH
fZ. BARRELS CUT HERRING.
15 llarrels Whole Herring.
l0 Half Barrels Shad. Being expected by
the Henrietta Line. For sale bv
GEO. McNEILL.
Mav 28, 1841. HS-tf
NEW GOODS.
W. McINT YRE Jias now received a good assort
ment of goods boukt at the Norih, out of the latest
arrivals, and since the recent decline in the price of
GOODS.
Superior Cloths ; Blue, Black. Green, and
Invisible Green.
Pantaloon StufTs ; Summer Cloths ; Game
beroon ; Erminnets; Linen Drillin ; Vest
ings ; Common, Plain and Printed ; Shilas ;
Printed Lains ; Jaconets.
Calicoes; Ginghams; Ribbons; Fancy
Handkerchiefs and Gloves; Irish Liunens ;
Manchester Shirtings; and Family Long
Cloths; Linnen Diapers ; Palm Leaf Hats ;
Hoods; Florence Braid and Straw Bonnets ;
Umbrellas and Parrasols ; Wool and Fur
Hats ; Boots and Shoes ; Crockery Ware and
Glass Ware.
Those who wish to purchase goods, are respect
fully invited to call, where they will find as many
articles, as they can expect to find in a ttorc.
April 21, 1811. 113-3rno
NOTICE. "
TAKEN up and committed to
the Jail ol Cumberland cour
tv, on 21st. insl., a nc?ro man,
who says his name is MORIUS
and fa v? he belongs to JOHN 1 1.
PEA RSON,of Newberry District,
S. C, and that he runaway from
the residence of Andrew Wallace,
of Columbia, S. C. Said ne-rro
had on when taken up, a pair of black ribbed cas
simere pantaloons, a snufT colored sattinet dress
coat : he is supposed to be about 19 or 20 vears of
age, brown, or copper-colored, large teeth, ric feet
three inches hih- The owner is requested to come
forward, prove property, pay charges, and take him
awav, or he will be dealt witlr; according to law.
W. L. CALLI AS, Jailor.
Fayetteville, N. C. July 24th 1841. 120-tf
LIME.
GO
Feb.
Casks Thomastown Lime, for sale,
geo. McNeill.
12, 1S41. 103-lf
NOTICE.
A COMPLETE and thorough re-organization of
XiLthe Patrol Sstem cl the town of Fayetteville
is ordered bv the Magistrate of Police and Commis
sioners of the Town. To effect Urn desired object,
it is necessary that every person subject to do Patrol
duty be enrolled, and a strict periormance cf duty
enforced. Therefore, this is to notify all persons
that I shall proceed to make out such Roil and di
vide it into Companies of six. (As many Compa
nies have been formed under the old arrangement,
I feel unwilling to disturb them, and will eonsequent
lv affard persons composing them an "opportunity
of continuing the same, if they will leave a list with
mc.) It is necessary that Companies be ordeted out
for Night duty andSunday duty, and this arrange
ment will go into operation on the first dav cf July,
1811.
R. COCEIRAN, Jr., Director Patrol.
June, 20, 1841. J23-3t
tion, or any proceedings which required secre
cy for lheir protection. The loans and dis
counts of banks ought to be public ; not only
those granted, jt those refused.
Mr Benton said that banks were public in
stitutions he meant banks of circulation '
and should have a public course of action.
Every bank wnfch possessed the privilege of
issuing paper money for a currency, was in
possession of a publit and sovereign privilege,
the exercise of which I concerned the public
welfare, and gave every citizen a right to
know how that privilege was exercised. The
bank of circulation gave out its own notes in
exchange for the notes of individuals ; and if
these were insolvent, the notes put out had no
basis to rest on, and the public were cheated.
The private property of the stockholders was
not bound for the debts of the institution ; and
thus, where the borrower was insolvent, the
notes ltyit to him, and .put into circulation,
were so many frauds upon the community.
Publicity of loans and discounts would detect
this fraud, and save the community from im
position and loss.
Again: by obtaining a charter, with the
valuable privilege which it confers the
Drivilesre of usurv the exemntiorof indivvl- 1 readv actually brought
lial llatoUIiyfor corpoiT5tcAJcbta-fie-pTtvt win
of fabricating money out of lampblack and
rags a monopoly of these privileges, and
many others the Bank comes under an ob
ligation to the public to conduct itself fairly in
making its loans and discounts, and especial
ly to favor the producing classes, and the small
dealers in preference to speculators and great
capitalists. This obligation was constantly
violated by banks ; and at present there was
no remedy for it. Publish the discounts, and
tho refusals to discount publish the loans
made, and the loans refused and a remedy
would be presented. The unjust and partial
banks would be detected, and would fall under
public censure and legislative rebuke.
Loans were often made profusely, to raise
the price of property, produce, or stocks ; and
then rigorously refused, and curtailments or
dered, to sink the price of property. In these
seasons of high prices, the directors and the
initiated sell ; in the season of low prices they
purchase. They know when they are going
to make money plenty, and when scarce ; and
thus have an advantage over the rest of the
community. Publicity would detect this kna
very, and put the public out of danger from
these contractions and expansions.
Often a small loan is refused to a worthy
man to enable him to prosecute some meri
torious undertaking, or to save his property
from sacrifice ; and at the same time a large
loan is made to a broker at 6 per cent., per
annum, who lends a little of it to the distress
ed man, as a great favor, at three per cent., a
month ; or it is lent to a speculator to go and
purchase the poor man's properly for a trifle,
at sheriff's sale. Here, again, publicity is
the remedy. The bank would become infa
mous, which should be caught at such work.
Loans made between neighbor and neigh
bor are public they are known to all ihe
neighbors and often made a matter of re
cord ; in the case of a mortgage, they are al
ways recorded. All the debts between man
and man are public, and ought to be so, for
the security of ihe public ; that people may
see whether a man is already in debt ; and
how far he is entitled to further credit. This
is the case between man and man ; why should
it not be so ia relation to bank debts 'I
Mr Benton was very positive in his belief
that the mass of the crimes, frauds, and ini
quities which disgraced our banking system,
and presented such a frightful picture of de
moralization, arose from ihe SECRECY of
bank proceedings, and that the main remedy
for these enormities was PUBLICITY. lie
believed that this great truth was gaining
co-Pay the Printer
ground, and would soon become universal,
and would be applied to all banks. He was
ceitaiu it ought to be so applied. With how
much more reason, then, bhould this principle
apply to this bank, which ii to be a national
institution, wholly .intended to accomplish na
tional objects, and built up, chiefly on public
money ! This made a distinction between
this bank and other banks, and gave new and
powerful reasons for the publicity of its pro
ceedings. Let us see, said Mr Benton, how
this bank is to be built up ; let us see where
the bulk cf the money is to come from which
is to go into it, and that will give us cloar
views of what its conduct and management
should be, and of our rights over it. Its capi
tal is thus made up : First, the United States
at e to subscribe ten millions out of thirty, and
tes ten are to be borrowed to be put intqthe
bank, at live per centum interest ; and. these
ten millions, aud the annual interest upon it
for the twenty years the loan is to rup, are lo
be a debt upon the people of the United States.
These ten millions, with five per centum in
terest for twenty years, is twenty millions of
dollars. Secondly, upon the increase of ths
capital to fifty millions, the United States are
to subscribe the one-third of the increase,
which is six and two-thirds millions more ;
and this again is to be borrowed at 5 per
centum per annum, which in twenty years
will make the interest equal to the capita), and
the two amount to thirteen millions and a thii d.
Thirdly, if the amount of the capital (whichTs
two-thirds of the whole) which is to sbe sub
scribed by individuals or corporations, shall
not be taken in three months after the books
are opened, then the - United States are to
subscribe for the part so not taken, la the ex
tent of the one-third of the deficiency. Now
the amount left to be subscribed for by indi
viduals and corporations, is two-thirds "of the
whole, that is to say, twenty millions of the
first thirty, and thirteen and one-third millions
of the increased twenty, making in the, whole
thirty-three and ong-third millions to be sub
scribed for by individuals. To the extent of
one-third of this sum, being eleven millions of
dollars, the United States may become, and
probably will become, tha subscriber ; and
that again is to be borrowed at-5 per centum.
Thus tho United States is to become, or may
become, owners of about' twenty-seven mil
lions of dollars ; and that to bear interest for
twenty years, which doubles its amount. This
is to be the subscription of the United States
to the Capital of the bank,-a largrrsum, but by
no means the whole. Ihe Secretary ot the
Treasury proposes to retain four millions us a
reserved fund, to bo always on hand, and
which, of course, will be a deposite to that
amount for twenty years, without interest,
with the bank. This would be four millions
more, and the interest another four. Anoth
er large infusiou of public money is to go in
to it. All the deposites are to go there ; and
we already see that the fi iendsof the Bank are
determined that these deposites shall be some
thing worth hav ing ! Loans, taxes, and large
appropriations, are to come into play to swell
these" depositos ! This is to be the play ; and,
already, wo see it began. A loan bill is al-
111 to borrow twelve
the vaults of the Bank. Another bill is al
ready actually brought in to lecommence the
tariff by levying twenty per cent., upon near
seventy millions of imports now free of duty.
This would raise fourteen millions, to go
straight into the bank,. Another bill is brought
in to appropriate about three and a half mil
lions to fortifications (while the land revenue
to that amount is to be presented as a douceur
to the States) and this three and a half mil
lions would go straight into the bank, to lie
there a year or two befote it should be used
up. This is sufficient to show how the-bank
will be built up that it will be composed al
most entirely of public money that the mass
of the loans and discounts will be made out of
(his public money ; and now is it wrong and !
unreasonable that the public should know to
whom these vast masses of public money shall
be lent ? We hold that it is every way right
and reasonablo that the public should know
how these public moneys shall be disposed of
in loans ; and, therefore, we go for publicity.
Mr Benton exemplified the evils of secrecy
in bank transactions by referring to the United
States Bank, when it was a national institu
tion. He knew it was tho fashion now lo
deliver up the Bank to execration for its con
duct since it got a charter from Pennsylva
nia, and to claim for it a pure aud virtuous
character before that time. Ho knew this
was the fashion now ; but he knew also that
ih is was a great and flagrant mistake that,
in point of fact, there is not n single enormi
ty of which the Pennsylvania institution was
guilty, leaving out the single one of the cotton
speculations!, which was not perpetrated by
the old Bank under its national charter, and
which was not defended and supported by the
whole Federal party in Congress and out of
Congress. lie would not go into this com
parison at present, but he would take one
point, that of the enormous loans to Thomas
Biddle, and which were shown by Mr Clay
ton's committee of 1832, to have exceeded
three millions in less than two years, while
the business community of Philadelphia weie
refused small sums during the same time.
Mr Benton then read from Mr Clayton's
report a list of loans to Thomas Biddle & Co.
as follows :
S220,COO at
1,123,000
730,000
730,000
720,000
640,000
400,000
480,000
1S30 Sep. 17,
Oct. 15,
Nov. 16,
Dec. 14,
1S31 Jan. 14,
Feb. 15,
March 15,
April 15,
May 17,
June 14,
July 15,
Aug. 16,
Sept. 16,
Oct. 14,
Nov. 14,
- Dec. 16,
Jan. 17,
Feb. 17,
per cent.
do
do
do
do
do
do
443,133 4 1-2 a 5 per cent.
do
557,968
504,912 at 5 per cent.
579,009 do
683,000 at 6 percent.
698,000 at 5 a 6 per cent.
698,627 do do
6S9.125 do do
652,3S8 do do
458,323 at 5 per cent.-
These loans are exclusive of the discounts
on bills of exchange to the same parlies during
the same time, and which amounted to ubout
two millions of dollars.
- During the same timo, continued Mr B.
.resident citizens of Philadelphia were refused
small sums for their current business. The
Volume 3.tfmnbcr 127.
same report show thu fact. The report show
this question put to the President of the Baak;
The aggregate amount of good notes offered
for discount and rejected by the board, drawn
nod endorsed fey residents of Phfladejphii,n
the rpllowiag days respectively : Gth August
16th December, 1831; 2d January, : 10th
Februarjf2d nud 14 March, 1832 i 24th .
September and 15th October, J832 f, "Ajod to
this question, it was answered, that on Jbe
24th September, 1630, the sum of $6,312"
wrdwefused to such applicants; on the 9th
Air0t, 1 S3 1, the sum of $$,848; on D
ctfiber 16th, $32,181 ; on January 3d, 1832,
200,623 ; February 10th, SN32,35S ; Marc
2, $164,631 ; and March 13, 8148,255.
Here, (said Mr B.) a most enormous, and
iniquitous abuse was committed.' k broker,
and a relation of the president of the.Bank,
got loans for millions, uud for years, at 41
b and 6 per ceutnm ; at the same time, doz
ens and hundreds of citizens, anplyinc for
small sums, the nggregate of the whole of
which was ouly a fragment of a single loan to
this cormorant, were refused I The persons
o refused were iu all probability driven to
borrow what they needed from the some Thos.
Biddie and Co., at two or three per cent., a
month ; and then the public would be enter
tained with a story that the money market
w9 tight ;" and that lightness would be
attributed to some act of the Government.
This has been done (said Mr B.) bv a Na
tional Bank, nd maybe done by another.
Let us then provide against it by providing
tor a publication of the loans and discounts
maJe and refused.
Mr Benton illustrated the progress of the
publicity principle by referring to what had
taken place iu this very chamber. He said
that the Senate, for many years after the com
mencement of this Government, sat always
with closed doors sat under lock and key on
legislative and judicial business as well as on
executive with their doors closed. The
journals show repeated votings for many years
before thi3 secrecy could be arrested, and too
doors of the Senate opened to the public eye.
Mr B. read several of these motions, one of
which was made iu the year 1793, and was in
these words :
Resolved, That the conducting of the leg
islative fnd judicial powers of the Senate in
public, nnd suffering an account of their mea
sures aud deliberations to be published in the
newspapers, is tne Desi n. etuis' of 'diffusing
general information concerning the principles,
motives, and conduct of individual members
and that, by withholding this information, re
sponsibility becomes unavailing, tho influence
of their constituents over one brauch of tho
Legislature in a great measure, annihilated,
and the best security which experience has
devised against the abuse of power and a
mal-admiuistrution abandoned."
Who cau believe, at this day, said Mr B.
that this resolution was rejected by three to
one by 21 votes against 7 ? Yet such wee"
the fact. The resolution was rejected again,
and again, and again ; and the doors of tho
Seiu.te were not opened to the public untjl
tho Democracy became triumphant in Mr
Jefferson's time. This was formerly the cou
ditioii of the Senate chamber ; now H is open
to every visitor galleries provided for them :
Reporters admitted and not merely admit
ted, but comfortable seats and desks prepared '
for them. Whnt is now thought of tho secret
proceeding of the Senate in former times 1 I
see astonishment in every face ; and so it
will be in a few years with respect to bank
secrecy. The people of tho United States
are at school at the Bank school learning
rapidly ; iu three, years they will graduate,
and will scorn the dogmas of Bank arcana,
and, above all, will scorn the secrecy in which
Bank proceedings are wrapped up. . The
Democracy ouened tho doors of this Senate
Chamber, and they will open the doors of the
Bank pailor. To the Democracy these
crowds now in our galleries, and thee Re
porters in their logographe, owthe privilege
of witnessing aud reporting our proceednijirf ;
to the snmo Democracy wo will hereafter bo
indebted for an inside view of lhat laboratory
of crime, misery, public f-hame, and national
demoralization the Bank puilor!
From die G!o' e.
New Minister to El gland.
"Mr Wehet- r' I. B id is ee. n i t Mr EvccU'g ap
pointment. Wefcivo eonie denbts win ifi-r, in some
impo t-irit questions nff ctinr 1 1 1 - VoitJi, fie will b
found the l,et appointment tor iLc Suutli." Rich
mond liqtrrer.
Mr Ritchie is right. Mr Everett's appoint
ment is the very worst for the South. This
is Mr Webster's second great blunder. Mr
Everett, who is'an ex-Unitarian parson, what
tho French call tn prttre dejroqut, (an un
frocked priest,) was for some time a member
of the House of Representative, and, for
his pretensions, a-verjrMisignificant one. He
there evinced no faculties ot statesmanship.
lie bad, however, one merit Ho acted in
variably with the South on the Abolition ques
tion. He proved himself devoted to the
rights and interests of ths whole Union Bm
alas for ihe frailty of human nature! v. bn
opposed by Judge Morton, in the- Jer ti:
for Governor of Massachusetts, jhf: rr.i ,i.;y
recanted his former sentiment?, and. in f.
publiihed letter, declared himself HQbm i.jfi
out Abolitionist, 'o one believed that he
was a sincere convert, but all regarded Hhi
5le
stijle
change as one of aelfish ccuruhition.-
was defeated, nevertheless, bv p
vote. He experienced the def pf; t of all h'
man mortifications ; the consciousness of
having disgraced himself i:i vain. We submit-
thprpfrp llmt TvT r v,. i ff it ih.-, .-..
man to bo s-ent to the court of St. James