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THE liftfiTHf CAROtlNIAN, FA Y ETT E VI LLE,
On NORTH C1ROLI51 LEISLATCRE.f January the 4th, in the Senate, on" mo tion of Mr Cunningham, the committee on Mili tary Affairs was instructed to inquire into the expediency of abolishing: so much of the Militia laws as requires stated meetings, and to pro vide for an enrollment of those subject to mili tary duties. A message was received from the House of Commons informing the Senate that the House had passed the bill from the Senate to author ize the county court ih several counties to pay the wardens of the poor, -with -' an - amendment making the law a general one, which was con curred 111. , , : f.,: l . In the House of Conimous, the committee on Private bills asked to be discharged from the further consideration of a - bill changing the time of holding courts in Sampson and Cumber laud. ' Mr McKesson introduced a bill for the benefit of the wives and children of intemperate husbands, by making it unlawful to sell intoxi cating liquors to such persons, uuder penalty of fiue and imprisonment. The bill was referred to the committee on the Judiciary. An Engrossed bill authorizing the county courts to pay the Wardens of the Poor in several counties was read the second time. A number of counties were proposed as amend ments. When on motion of Mr Singletary, the several counties named were stricken out and the bill made general in its provisions, yet leaving it discretionary with the several county courts. The bill, as amended, passed. A, bill incorporating the French Broad s Railroad, having been made the special order of the day, was taken op, read the second time, amended in some unimportant particular, and passed. The engrossed bill authorizing the issuing addi tional stock in the Seaboard and Roanoke Rail road was read the second and third times and passed. An engrossed resolution authorizing Major Gwynn, Engineer, to visit the works' on Cape Fear and Deep River, was read the se cond time. In the Senate, January the 5th, the engross ed resolution in favor of Warren Winslow, was read three times and passed. Mr Wilder in troduced a resolution appropriating $4,000 for the repair of the Governor's House and enclos ure of the lot, which was referred to the com mittee on Public Buildings. In the House of Commons, Mr Norment in troduced a resolution instructing the Literary Board to inquire into the propriety of loaning $1000 to the Robeson Institute, which, on motion of Mr Williams of New Hanover, was referred to the committee on Education. Mr Shipp introduced the following resolution : Resolved, That the committee on Banks be requested to inform this House, whether, in their opinion, any increase of the Banking Capital of the State is demanded by the wants of the People; and whether any new Banks should be established at this session of the Legislature ? If so, what number ? Where located ? and what amount of capital ? The resolution was debated at some length by Messrs7 Shipp, D. F. Caldwell, and Myers, after which the resolution was adopted. Mr Xorment introduced a bill incorporating the Spring Hill Academy in Robeson, which was referred to the committee on Corporations Mr Shepherd introduced a bill for the better regulation and keeping np of Public roads in this State, which was referred to the committee on Grievances and ordered to be printed. Wilmington and Charlotte llailroad. The special order of the day the bill incor porating the Wilmington and Charlotte Rail road Company was taken Bp. On motion of Mr Steele, the bill was amended in some unim portant particulars, when he addressed the House on the merits of the bill at considerabie length, setting forth the benefit to be derived from the proposed improvement, the practica bility of the work, the safety to the State, and the claims of the section of the State he repre sented upon the Legislature to afford aid in the enterprise. He alluded briefly to the monetary pressure and thought the worst had passed and set forth the advantages to be derived from the sale of the products of the marginal coun ties within the borders of our own State, lie concluded his remarks by an invocation to the Legislature to deliver the border counties from the commercial grasp of South Carolina, and place the citizens of those counties on an equal ity with the other counties; and be recognised indeed and in truth as a portion of the Com monwealth of North Carolina, within whose borders many of her citizens were boru and many of them wish to die. Mr Shipp introduced an amendment to the bill, proposing to strike out Chprlotte and insert Asheville, and spoke to the merits of the bill. Mr McKesson proposed an amendment to strike out Charlotte and insert Asheville via Swannauoa Gap, and said : It was a duty he owed himself and his con stituents to place himself in a proper position by explaining the reason why he voted for the bill. He did it for the prot action of the West- ern extension;, ne ien. a ueep micrcai m State at large, and particularly that portion of, it from whence he came; he, therefore, could not omit any opportunity without sincerely and earnestly calling upon this House this House composed of North Carolinians not Eastern, 'Western, or. sectional members menioers wav ing naught but the good of the State at heart. Mr McKesson said, greatly as he loved the old Key Stone that gave him birth, he was, and hoped to God he ever should be, a true North Carolinian, and as such I tell you, Mr Sneaker, we want proper means for the com munication of intelligence, and for the transpor tation of our own resources from West to Last, and from East to West. Said Mr McKessou, railroads are all essential In peace, and doubly so in war. Suppose, said he, we were engaged iu war with a foreign nation, how long would it take onr hardy mountain boys to reach the sea shore, Mr Norment spoke in favor, of the bill as orisrinallv presented. The ouestion arising on the amendment of Mr McKesson, it was rejected. The question arising ' on th3 amendment of fered by Mr Shipp, the ayes and nays were called by A. II.' Caldwell with the following result: ayes 21' nays 78. The bill was further amended on motion of Mr Mebane. , ' Mr Martin moved to strike out the section requiring the State to endorse the Bouds of the Company, on which the following vote was announced ayes 45, nays 55. The question arising on the ; passage of the bill the second time, the ayes and ways were demanded with the following result ;. t .' , - Ayes Messrs. Amis, Baxter, Black, Boyle, Bryson, ; D F Caldwell, A. H Caldwell, Cansler. Chadwick, Cook, .Davenport, Dunn, Furr, Garland, Gentry, Gil liam, Gorrell, G Green, J H Headen, A D Headen, Hortori,' Humphreys, Johnson, A J Jones, Jordan. Lancaster,.' Hugh Leach. Mann, McKesson, Meares, Me bane, Myers- S J Neal, J W Neal, Norment, Oglesby, Patterson, Patton, Phillip. Regan, Rolen, Rose, Rus sell, Shepherd, Shipp, Sharpe, Sherrtil, Simmons, Stubbs. Steele; Suttoa, Turner, Vance, G M White. N B Whitfield, Whitlock, Wilkins, B F Williams, T H Williams and Yancy 59. N.-j-a Messrs J Barnes, A Barnes, Badham, Blow, Brvant. Bullock, J B Bynum, Cotton, Craven, Daniel, Dausrhtrv. Dortch:' Flvnt M Green, Hill, Holland, Jarvis, Jenkins, J M Leaeh, Long, Lyon, March, Mar tin, Outlaw, Rand, Sellny, settle, naw, smanwwu, Thornburg, . Tomlinson, I Walser. Waugh, Whitaker, Winston, S A Williams, j w w imams, v nn and Wright. 39. Saturday, Jan. 6, 1855. The bill to charter the Eastern extension of the North Carolina Road passed its second reading in the House to-day by a vote of 91 to 14. Those who voted against it are, Messrs Badham, J Barnes, Gotten, Dunn, Hill, Hol land, Jarvis, Jenkins, Martin, Shaw, C W Williams, D Williams, S A Williams aud Winston. A exeat many reports were made by the several Committees of the House. In favor of taximr the venders of eoodsby sample; also, to nav Justices of the Peace for taking lists of taxables. . . : The Committee on Banks made some impor tant reports. In compliance with the resolu tion of Mr Shipp, they report that the Banking capital should be increased to meet the wants of the people, and that some new Dantcs snouiu be created. Further than this the Committee would not go definitely. The same Committee read reports on the various Bank bills as follows: Adversely to the Hank at Murphy, Cherokee. In favor of the Bank of Plymouth. Rejecting the proposition to increase the Capital Stock of the Commercial Uauk of Yilminrton. Asramst the bill to establish a Bank at Pittsboro'. In favor of chartering the new Bank of Wilming- ton; also, increasing the capital of the Bank of Charlotte. Mr Steele gave notice that i minority report would be brought in agains increasing the capital stock of the Bank of the State. Mr Coficld introduced a bill to lav off a new County from Cumberland, to be called Tlenry Mr T. II. W illiams presented a Memoria sisrned by citizens ot W llminsrton, conccriumr the Cape Fear and Deep River Navigation which was ordered to be printed The engrossed resolution instructing Engineer Gwvnn to visit the works on the said rivers was taken np. On motion of Mr Gotten joint Committee was ordered to be raised to accompany the Engineer, and report to tlie General Assembly the true condition of that Improvement. Cotten wants the Legislature to go and see. Mr Gentry introduced a bill to tax all cor porate bodies except those of a Religions and Literary character. The Banking Committee in the Senate made some important reports, through Mr Wilder, as follows : Adversely to the Bank of Greensboro'; the Bank of Hillsboro'; aud the Bank of Wil mington. The bill concerning the Fayetteville and Centre Plankroad passed its second reading. The bill proposing an increase of the salaries of certain public functionaries was rejected by avote of ayes 20; nays 24. The afternoon was spent in the making of Justices of the peace. Monday, Jan. 8, 1855. In the Senate, the Free Suffrage bill occupied most of the session. The proceedings will be found in full in another column. In the House of Commons, Mr Waugh troduced a bill to incorporate Female High School. Read the committee on corporations. An engrossed bill compensating Justices of the Peace for taking tax lists was read and, on motion of Mr Whitaker, was recommitted to the committee on finance with instructions to report a bill deducting one per cent from the Sheriff and giving the same as compensation to the Justices taking the lists. Banks and Currency. tt T To the Editors of ) the Standard : (, U Since my last hasty communication. l nave had the opportunity of examiuing the reports as made by the officers of the several Banks aud looking iuto their respective ciiarters., uuu am now able to speak with greater accuracy. There are in this State ten Banks, with ail authorized capital of not exceeding six millions two huudrcd thousand dollars, ui tins there is reported as subscribed and paid 4o,15o, 565, leaving a balance of capital authorized and not taken of $1,044,435. The Banks thus chartered, and whose capital has not been fully taken are Bauk of Fovetteville, capital , $S0O,OUO l li the Fayetteville and referred to Shootixg and Probable Mtrder. On the night of the 6th inst., between 9 and 10 o'clock, Capt. Elijah Benson, a very quiet and inoffen sive citizen, of Middle Sound District, was found on, or beside, the Topsail Plankroad, about two miles and a half from town, insensi ble from the effects, apparently, of a shot tired into the back part of the head and coining out in front near about the corner of his jaw, Mr Benson has since remained in the same state iu which he was found, and, of course, unable to give any clue to the transaction, which is ex- i ceediugly mysterious, as he is a man against whom it is hardly reasonable to suppose that any one could have a spite. He had been to town, and also to Mr Green's mill, in his cart, Nothing in the cart was touched. Mr Ben son had "apparently been dragged to the side of the road. Wilmington Journal. Capt. Benson has since died. The Mails. A gleam of sunshine, wc are happy to state, has just appeared, which in all probability, will dispel the fog in which the mail facilities of this portion of our State has for the last few davs been enveloped. An offer made by the Postoflice Department to pay $237.50 per mile for a double daily mail service between Kingsville and Augusta and Charles ton and Kingsville, and $100 per m:le for a sinsrle daily service between Kingsville and Columbia has been, we learn, accepted by the South Carolina Rail Road Company, provided the schedules required are not incompatible with the business of the road. Char. Conner A distressing accident occurred in the vicin ity of Pleasant Hill, N. C, on Thursday the 22nd of December last. A young man, or rather boy, presented his gun, in a playful man ner, at a young lady (Miss Chamlis,) remarking at the same time. "I'm a good mind to shoot you." Unfortunately the gun went off and the yonng lady received a trignttul it not a mortal wound in the back part oF lier neck. A portion of the contents of the gun lodged in the neck of the young lady and had not when last heard of been extracted. The young lady is still in a critical condition and doubts are eutertained by the attending Physician of her recovery. 1 ms affair we pre sume was purely accidental, but it is another fearful warning to persons carelessly u lire arms. ' ' taken $380,000, not taken, 420,000 Merchants' Bank of Newbern, capital 300,000 taken $225,000, not taken 70,000 Wadesborough, capital 400,000 taken $269,395, not taken ldU.ouo Washington, capital - 400,000 taken $300,000, not taken luu.uuu Farmer's Bank, capital 500,000 taken $270,470, not taken zzy.Diu Yanceyville, capital 200,000 taken $110,700, not taken y,auu From which it appears that of the Banks thus chartered more than a million of dollars remains unsubscribed, and these charters have yet from twenty to twentv-five years to run. The points at which they are located are Fayetteville Wadesborough, Elizabeth City and Greens borongh, and Yanceyville. Thus proving that at these points there is no necessity for any additional banking capital. From these re ports of the Banks I am able to present some further facts of value, and from which I will rlrnw some inferences of importance to the public. Whole amount of capital paid $5,155,565 Aggregate amount of specie 1,308,351 Notes in circulation 6,597,379 Amount of notes discounted 7,781,540 From which it appears the notes of the Banks in circulation exceed the specie in their vaults more than five to one, whilst the amount due the Banks from their debtors exceeds the sum thus due to the public more than a million of dollars. It may be admitted that the BanVs are solvent and fully able in the end to pay their debts, and yet it is equally clear if pressed they are not able to do what their charters re quire them to do, and which on the face of their notes they have promised to uo, anu inat is to pav in specie on demand. If we are to judge from the statements as made by the Banks, the Bauk of the State, the Commercial Bauk, and the Bank of Yanceyville seem to have made the strongest efforts to redeem their promises and thus supply the wants of the public. In November, 1853, the Bank of the State had iu circulation $1,855,799, with 641,744 of specie, besides other available means on hand. In November, 1854, her notes in circulation are reduced to $1,635,157 and her specie to $372 295, thus showing in the year she had paid out oue half of her specie. It may be that the Bank of Cape Fear has been equally honest in its efforts, but of this I am notable to judge, as I have not bceu able to find its return for 1853. The report for 1854 states notes in circulation to be $2,0S3,171 t specie $564,921, with other available means for redemption. Th Commercial Bank of Wilmington had in circula tion at the end of 1853, $620,7S5, with $147, 588 of specie with other means for paying. In December, 1854, the notes were reduced to 438.635 and specie to $01,716. The Bunk of Yanceyville had earlv in 1854 notes in circula tion $175,600 with $73,993 in specie its notes in the latter part of the year were reduced to $162,130 and its specie to $35,753. There turns from the other Banks do not show so favorable a result. These statements prove bevond question that the Banks have not been in "a condition to do what by their charters they arc required to do to redeem their notes in specie on demand. I admit the solvency and ultimate ability to pay; but that is not the question. Have they been able to keep up, -it . i i : and nave mey kcui. uj mjuhu sjiei-ie-iiayiii The mediation Propodtton. ',1 The following. remarks, (as reported in the Globe,) made in the House by Mr- Bayly, chairman of the Committee on Foreign Affairs, regard to the proposition to ; tender the mediation of our government to the belligereuts in Europe, will probably settle that question. Mr Bayly, of V irginia. I do not rise, Mr Chairman, to make a speech in reply to the gentleman from North Carolina, my colleague upon Hie VJOmmuiee uu ruruigu Auaua, ui iu review anything which has fallen from him. But he has made some remarks which render it proper that I should say a word or two. He has referred to the fact that a great deal of speculation has taken place in the newspapers in respect to tne resolution presemeu iu uie House by him. and referred to the committee of which I have the honor to be chairman. I believe I can say with entire confidence that, from feelings of humanity, there is no member of this House and no person connected with this o-overnment who would not be glad to see an end put to this war; but with nations, as with individuals, it is a very delicate matter to ouer mediation between parties at war with each other. I have reason to believe, and can say to this Honse with entire confidence in my sources of information, that from the proper quarter overtures were made upon the part ot this gov eminent in respect to this matter, and that, upon the whole, it was not thought advisable for ns to interfere at all. Such being the case, I shall not be prepared to sustain the proposition to mediate on this occasion. ;; GOV. BRAGG'S '.' U INATJSTJEAL ADDRESS, Delivered before the G exeral Assembly f Nokth Carolina, Jan. 1, 1855. , Fellow Citizens of the Senate and House of Commons: Elected by a majority of the freemen of the State, to fill the Chiet executive otuce wiimii their gift, 1 have, in obedience to tneir win anu the requirements ot tue uonsutniiou, apj.euieu before yon this day, and solemnly sworn that I will discharge the duties of the important trust fmifi.Wl to me. "without favor or affection, a.rreeahlv to the Constitution and laws of the O J . . . ! .1 "11 J State, and according to the best oi ray skui uuu ability." . Set- onslv impressed as l am py tne respond Kiliti'os thus soli'tnnlv assumed, and which are so well calculated to excite reflection and self- examination. I shall enter npon the discharge of my duties, not without distrust ot my quan- J ...... , i -v ; a. t fications for the high station to wuicii it mis pleased my fellow citizens to elevate me; but, at the same time, with an earnest endeavor, not only to obtain the approbation of those whose suffrages I have received, but also to advance and secure the welfare and prosperity of my REnrcTiox of the Tariff. At the demo cratic caucus held in the hall of the House of Representatives on Wednesday evening week, the following resolution, offered by the Hon. George W. Jones, of Tennessee, was adopted, viz: Resolved, That it is right and proper that the duties imposed by law upon goods, wares & mer chandise imported into the United States from foreign countries, should be so modified and reduced at the preseut session of Congress, preserving the principles of the tariff act of 1846, as will materially diminish the amount of reveuue annually collected from customs. Ax ExcorRAGixo Exhibit. We are pleased to learn that the business of the Wilmington aud Manchester Road, for the last twelve months, exhibits an amount of prosperity beyond the hopes of its warmest triends, and such as to leave no doubt of its shortly becoming one oi the most profitable public works in the conutry. The gross receipts of the Road foot up three hundred and thirty thousand dollars, ana tne nett profits one hundred and forty thousand Hnllfips bfinnr pnnal to seven per cent, upon the whole cost of the work, stock and loans included. Wilmington Journal. Or.n Maids vs. Young Maids. Say what you will of old maids, their love is generally more strong and sincere than that of the young milk-and-water creatures whose hearts vibrate be tween the joys of wedlock and the dissipations of the ball-room. Until the young heart of woman is capable of settling firmly and exclu sively on oue object,"hcr love is like a May shower, which makes rainbows, but fills no cisterns. Visit Defer rf.d. Louis Napoleon has de ferred his visit to Queen Victoria. The reason is declared t6 be the oppositon he was likely to experience from the Chartists of England. When Louis' intended visit was announced, the Chartists, remembering that he had volun teered when in London to act as a special con stable to put down their public demonstration in 1838. placarded London with emphatic ap peals to the masses to give him such a reception as he deserved. A Child Killed By a Rat. A most singular and fatal occurence took place at the house of Mr B. M. Moris, on Eighth, between Main and Gary streets, Richmond, about two weeks since About six months ago, says the Penny Post, a negro woman in the employment of Mr Morris, heard her child cry, in the room ucxt to her, aud went in to see what occasioned it. She saw as she entered the room, a large rat run niug off from the child, who was lying on the floor, and,, upon approaching the infant, she foauda bite upon its cheek which bled profusely The mother thought nothing of . the accident, and about two weeks since was again called into the room by the crying of her child. Upon getting kl she saw a large rat leap from the bed.; and taking upi the iufant, which was about seven months old. she found that it had been severely, bitten on the mole of the head. No attention was paid to the matter, in consequence of the trifling character of the wound," and afew hours afterwards the child died. -Dr : Wilson, who had the case under consideration, gave it as his opinion that the death of the child was caused by the bite upon its neaa. currency? They most certainly have not. Hence their notes out of the State have been as low as three per cent discouut, and specie drafts are l 1 ft t i . I U l l not to bo nau. -vim yet inesc iauivs nave one and all been dividing from eight to ten per cent; and this as I shall show is one of the great evils of our present liankmg system, and which demands the attention of the Legislature. The provision in their charters oi twelve per cent interest on the failure of the Bank to pay on demand ha.s proven of no value. What has been the result? 1 he Banks have resorted to all sorts of tricks and evasions to avoid these demands. Those that have Branches issue notes payable at remote and distant periods, and the others issue nothing but small bills, and even these they manage not to pay. If vou desire a one hundred, fifty, or even twenty dollar bill you will be unable to find it. The result is gold and silver is not to be had, and our circulating currency consists of one, two, three and four dollar bills, and very rarel' a five or ten note. Yet with these facts staring us in the face and meeting ns in every monied transaction, the Legislature is asked to add to our present Banking capital twelve millions of dollars. Save us from such consummate rashness. Iu my next I propose to present same further objections to free banking and banking on stocks, and to offer some suggestions as to what in my judgment ought to be done. PUBLIUS. The Beard. Dr. Sanborn, of Andover, ably defends the beard in a late number of the Bos ton Medical aud Surgical Journal. He takes the ground that the custom of shaving the beard is alwavs attended or followed by a marked de terioration in the physical organization, not only of the existing race of people but the race to come, lie says that the aboriginal inhabi tants of our sou and climate were brave, pow erful and numerous; but they nprooted the beard from their faces, and consequently grew more and more effeminate with every genera tion, aud until they became an easy prey to their enemies, are themselves uprooted from the face of the earth. , He cites the Chinese as a people who have been shorn of their locks aud their strenght, till as a nation they have only a mere nominal existence, and he says of the Jews, whose creed it is to preserve unmarred "the corner ot their beards," that ne never saw a case of pauperism, premature physical debility, or premature disease among them. . The nobili ty ot bpain adopted the habit ot shaving through courtesy to their beardless prince. The mass were of course subjected to the humiliating process, but expressed their repugnance to the outrage in the well known proverb "Since we lost onr beards we have lost our souls," that is ourselves, our identity. We are rather soulless slaves than the men oar Maker made and designed us to be. , figi?" At a called meeting of the Commissioners of the Town of Fayetteville, held iu the office of the Town this day, at 7 o'clock. 1. M-. (ilh Jan"y 18.V, Wni. Warden. E.sq., was unanimously chosen Treas urer of the Town. appointed Chief Fire W arden. " 1st Assistant C li Mallett, S T llawlev, A M Campbell, J II Cook. C A McMillan, Thos Waddill, J D Williams, 2d 3d 4th 5th tith COMMITTEE OF VIGII-AXCE. Ward Xo. 1. C D Nixon, W J Russell. Jas Sandy. " No. 2. A McLean F D Breece, M McKiunon. No. 3. II A McSwain. S Iloon, E -I Lilly. " No. 4. WTHoriie.JMAVilliams,JMcGilvary. " Noi" 5. A A McKethan, T C Fuller. P Sbemwell. No. 6. Win McLaurin. C Lutterloh, JasIIuske. No. 7. Win Warden, W Draughon, E W Barge. Ordered, That an election Ik; held on Saturday even ing next for the following Officers, viz : Tax Collector, Special Justice. Town Constable, Clerk of the Market, Director of Patrol for Upper and Lower Favetteville. Standard Keeper, Keeper of the Towu Clock, Keeper of Powder Magazine, Street Com missioner, and Superintendent of Grave Yard. From the Minutes, W. Of. il.miitlVS, fjlerh: NOTICE. The sulscribcr offers for sale Seventeen Hundred and Fifty Acres of LAND in the lower edsre of Moore county, about 3D miles west of Fayetteville, aud two miles south ot buwer Liittlc mver. mere are aooui 100 acres of cleared Land under fence and in a state of cultivation, with a comfortable Dwelling and all necessary out-houses.; Also, a never-lailing stream running through the centre of the land, suitable for Saw and Grist Mill. Tue land is well timoerea lor turpentine or lumber. There is a good range for cat tle, boirs. and sheen. This land will be offered at PUBL1U SALh m tne town of Carthage on Tuesday the 23d day of Ja,nuary JJl'.i..-Vi." JU. diju e. January 4. 1&55. 27-3t-pd . UPPER LITTLE RIVER KAVICATIOJ CdfflPlHT. Notice is hereby jriven, that Books of Subscription to the ' Stock of the Upper Little River Navigation Company are now opened at the nouses' or the under signed, and will be kept open antil the 15th of February- next. JNO. W. McKAT. -KENNETH MURCHISON. Commissioners. Sommcrville, N. C, Dec. 30, 1854. 27-6t GENERAL GROCERY STORE Is the Wagox Yard Bon.nixos. The subscribers respectfully inform their friends and the public generally, that they have opened Store two doors above the l'ost umce, wnere tney in tend keeping a good and general assortment of Groceries, Provisions, fyc. They request a share of public patronage. CHARLES HARMSEN & CO. January 6. 3m COMMERCIAL RECORD. ' ARRIVED AT FAYETTEVILLE. Jan. 6 Str Flora McDonald (Cape Fear Line) with croods for D Murphy, S D Voglcr, ti Belo, tnionto B Coffin, W A Lash, J J Leach, n L Mvrover & Co, j; Dowler, J M Worth & Co. G S Martin, Elkin Co, A Brower, U M Lash & Co, W T Jenkins & Co, J II Foust M Richardson, Edwards & Cockerham, E Benbow, E & A Benbow, Island Ford Co, Dillon, Johnson & Co Lassiter & Co, Tomlinson, English & Co, Jerrall & Al- bertson, Worth & Utley, S Young, C A Brown, M Ray & Co, Silver llill Co, A A McKethan, K 1 Long, S J Hinsdale, J Piggott & Son, T Regan, S D Vestal, W & A Welch, C G Yates, II Wright, W C Porter, K Jray S Bingham, E H Lineback, R H Welch, G W Williams A Co, Murchison, Keid & Co. Jan 8 Str Sun (Orrell's Line) with goods for W N Tillinghast, G W Williams & Co, H C Robinson, C B Mallett. S J Hinsdale. T C Fuller, R Mitchell, W H Carver, W J Yates, J G Cook. J W Dick. Jan 7 Str Fanny (Lutterloh &Co's line) with good: for J W Baker, J N Smith, J O Boon, E J Hale & Son J W Long, S J Hinsdale, W Mclntyre, C Lutterloh A E Taylor, Webb &Bro, C A Brown, Mrs W P Mallett P C Smith, J W Powers, S T Hawley, Maj Laidley, A Johnson & Co. v Jan 8 Str Rowan (Lutterloh's line) with goods for J W Powers & Co, Beaver Creek Co, G-McNeill, J N Smith. W Mclntyre, S W Tillinghast & Co, W S Foulkes, E J Hale. J P Covington, N.Gibson, P C Smith, Snow Camp Co, T S Lutterloh, C E Leete, J WBaker, Troy & Marsh, (J Harrison & Uo, J Price, ti N Nasson, A Sessom D Coar. Bryant & Pritchett, P P Johnson, WR Valen tine, WN Tillinghast, J Kyle, Dr B x V enable, C Lutterloh, Jerral & Albertson. native State. Fortunatelv. however, for mj'self and for the host interests of the State. I shall not be un aided in the execution of my office. For while to the freemen of the State belongs the power of electing their Governor, to the Gen eral Assembly, under the Constitution, is con Puled the selection of his Council a body which it will be my duty as well as my pleasure, on all important occasions, to consult, aud in whose wisdom and experience I shall at all times confidently rely. It has not been usual, I believe, for those trim ViVf rriffM led me in ruv office, to enter fully, on occasions like the present, into an ex pression of their opinions and views upon ques tions pending before the people' or in the Legis lative Halls of the State. Nor, 1 suppose, is it expected of me now to depart from a course, sanctioned by usage, and perhaps proper in itself. Yet, I am now, aud trust I ever shall be ready, on all proper occasions, toexpress my opinions and take my fair share of responsibility touching every question wnicii may concern ie interest, the welfare and the prosperity of our ripimle. 1 hope, however, in order to avoid misconcep tion that I shall be pardoned for a slight de parture from the usage to which I have ad verted, in now making a brief reference to some matters of public moment, which hitherto have lip.on much discussed throughout the State, and in relation to which there has been aud is still a deep and abiding interest felt. Prominent among these has been the question of so amending our State Constitution, as to extend the right of suffrage, by abrogating the freehold qualification for Senatorial voters. It would be a waste of words, as wen as useless consumption of time, to discuss the merits of that question here; it has already been thorough ly discussed, and in my opinion there is no ques tion in regard to which there has been a clearer and less equivocal expression of public senti ment. i Time and again has it come before the people, innd on every occasion, through the I. road ex- nsnsf. of the State, and from the sea shore of the East to the mountain summits of the West, their voice has been heard in its favor. Tn our last State canvas3 it ceased to be a subject upon the merits of which, save with here and there an exception, there was any controversy. It was virtually conceded on all hands, that the amendment was one not omj desired by a very large majority of our people, but which" was right and proper in itself. If controversy there was, it was only ns to the in fans ot effectiiisr the change : whether it should be done by the Legislative or Conventional mode of amending the Constitution. I need not at length reiterate here my opinions on that subject; they were freely and repeatedly ex pressed iu almost every section of the State, and were substantially the same that were enter tained and expressed time after time, both offi cially and unofficially, by my immediate prede- ccssor. It will be sniiicieut ior me io say uiai ave seen no cause to change these opinions, sanctioned as they have been, so often, by the popular vote. Changes in our fundamental taw snouiu noi be made for slight or transient reasons. Ihe wise men who formed our Constitution, so in tended, and they have well provided, in the instrument itself, safeguards against such evils. Rut when a change is proposed which all agree should be made, a careful consideration of the subject has led me to the conclusion that there is uo way in winch it can be done, so practica ble, so economicaj, and withal so safe and con servative in its character, as that ot hrst re quiring the sanction of the large Constitutional majorities in each branch ot two successive Legislatures, anil the subsequent ratiheation oi the ?roiosed amendment, bv a direct vote of I I " the people themselves. There is another subject that lias attracteu in a large degree, the attention cf the people of the State, aud which, from its very great im portance, deserves more than ; the brief notice which I shall bestow upon it on the present occasion. I allude to the subject oi internal improvement. The natural resources of our btate, in an agricultural, mineral and commercial poiut of view, are certainly srreat: but thev need the assistance of those artificial means which the science and capital of our day have so wonder fully supplieo, to the end that they may be mi nroved and developed. These are facts about which all will agree, while there may be some difference of opinion as to the extent to which the State should embark in a system of Kail road improvements, especially at this time. Wild and visionary schemes should at all times be discouraged, and especially now; we have seen the evil effects of such enterprises in other States of the Union, where raillious have beeu irretrievably sunk in unproductive works ot the kind, and which has tended iu no little degree, to produce the present disastrous condition in the monetary affairs of the country. Rut unfortunately for North Carolina, though the financial wave which has spread from the great commercial centre of the Union, has not left her unharmed, yet her public debt is com paratively small, and entirely within her means her credit is uuimpaired, her currency in a sound though necessarily contracted condition, and the great mass of her people comparatively free from debt and unembarrassed in their circum stances. While, therefore, the present derangement in the business and monetary concerns of the country counsels us to tne exercise ot a proper prudence and caution, it should not, in my opm ion, prevent the prosecution of a liberal system of improvement, and especially the completion ot our great central work, and its further ex tension East and West, as rapidly as may be consistent with the means, 1 the ability and the credit of the State. ' ' It must be admitted by all that the present financial revulsion, brought about asf it has oeen, mainiy oj tne extravagance, recklessness, and in sonie'cascs dishonesty of individuate and t corporations in other sections of the country, - has largely; increased, tne uimcuiues under which we; labor in prosecuting for the persent, any extended plan of improvement. lint the ereat aud well-known resources of the country, & - -. i t - i. i . - . ... i - i- and the deep anu sonu loiuiuauona ujiuu uuu rests its ultimate prosperity, cannot fail, at an early day, to restore business to its accustomed channels, and cause 'capital to seek for safe investment, and thus enable the estate, it sne desires it, to resort successfully, as she has done heretofore, to the nse of her credit for the prosecution ofher public works, and the amelio ration Ot the COnuillOU oi our -peupie. We live in a time, if I may so speak, of exces sive progress; and I know that it has been said, perhapsVith some truth, that North Carolina has been a laggard in the race of her sister States. Rut there are times when it is safer, at least, to be in the rear than iu the frout. She has thrown off her lethargy, and I trust that time will show, that she has the means, the ability, and the will to run with Euccess the race set before her. A few words more, and I will trespass no longer upon your time or attention. Occasions like the present, though of fre quent occurrence iu the different States of our Union, and in a still more striking manner, at the seat of our National Government, are, nevertheless, well calculated to excite in our bosoms a patriotic fervor. Not because of the elevation of any man to office, and least of all one so humble as myself, but as illustrating, peculiarly and forcibly, our own American sys tem ot tjovernment ; a system imeuueui uy h framcrs to solve, and which it has been our boast has solved, the problem of man's capacity to govern himself a system peculiar in itself, and arising in some degree out of onr peculiar situation when it was instituted partly federa- . i i i 4.r tive or natioual partly locai one uui ui many; a system calculated perhaps in a greater desrree for extension, ami at the same time for and strength, than any other lorm ot free government hitherto devised by the wit of man, with no privileged classes, civu, mili tary, or religious no prince, potentate or King no rulers but the people with laws adopted under forms of government instituted by them selves, and administered by officers of tbeir own selection. We have seen one Chief Execntive officer after another, both in our State and National Governments, elected by the people, and in stalled in office, quietly and without distur bance, and again returning to the walks of pri vate life. In two iustanccs in our National Government, on the demise of the rresider.t of the United States, the Vice President has suc ceeded quietly to that exalted station. And in our own State it appears that more thnn once, upon the vacation of the gubernatorial office, the powers of Governor, in accordance with the provisions of the Constitution, hare been exercised by the Speaker of the Senate for the time being, without hindrance and with out detriment to the State; thus testing time and again, our system of Government under various circumstances and emergencies, and showing a ready acquiescence on the part of our peple to forms and laws prescribed by themselves. In view of these things, the question naturally Fiip gests itself to every reliecting and patriotic mind, can this system be preserved and perpetuated? Will it l,e maintained in all its beauty, harmony and' usefulness, and transmitted unimpaired to those w ho come after us? Or does it contain within itself the seeds of dis ease, some vicious principle which sooner or later ivill work its dissolution ? Hitherto, notwithstanding the occasional jarring of some discordant elements, it lias proved eminently t-ue-cessful. But it is believed thai it eau only continue to le so. by strictly confining the action of our Nation al Government to its limited constitutional sphere, leaving to the States the free and uiiinteiiiip1 d e.ir cise of all the powers reserved to them or to the p o ple by observance of a spirit of justice, nu -"el-atiou and forltearauce towards each other, by the different States of the Union and their people, and by a bulli ful compliance with all their obligations coustitutieiiiil and legal. If on the contrary, the powers of the General Gov ernment, instituted by equals, and made for the bene fit of us all. are so perverted and wieldid as to nuike war upon one particular section if the peculiar insti tutions tf the States of that section are to be unci ;u ingly assailed by those who have propei ly and right fully no concern in the matter if our Constitutional rights and the laws passed to give them practical ef fect, are to le utterly set at naimlit and in their stend rampant and self-sancf itied fanaticitni is to rule, then the days of our republic will have been numinr- ed. and we tall cease to le a united people. We cannot shut our eyes, and ought not if we ould. to the spectacle which has latelv l.eeu m-eser.t- 'd iu the non-slaveholding States of this Union, and to the efforts which have there been made, unfortunati ly with too much success, to array section against section, nd people against people. We have Ikjcii charged with aggression, wui have been the party aggrieved; we point, for example, to the constitutional provision for the reclamation of our property, aud ask for the execution ot the law Kissed to give it practical enect. w e arc toni iiy many that that law must te repeaieu, anu ny inn few, that there is a "higher law" than the Constitution tself. in the breasts ot Northern freemen, and that uie free North is not to 1m? made a hunting ground for the laves of the South. We ask to le admitted to an equal participation in the common inheritance ami common acquisitions of the country, and are content to cave with everv people the settlement of its own ic- mcstic relations iu its own way. But we are told that slavery must be confined to its present limits, and that there shall be no more slave territories or slave Mates. The day may come, perhaps it will be too late, when our Northern brethren will discover 'hat the southern States intend to be " equals in the Union, or indepen dent out of it." God grant that this dire alternative may never be presented to us ! Hitherto we have been singularly blessed as a people; and it we are wise and wais m His way, we have every reason to believe that a won derful destiny awaits us. May He so lucline the hearts or us all that we ma) cease to do evil, and learn to do well; and that we may sacredly maintain in all their integrity, the glorious institutions handed down to us by our ancestors, anu transmit them unimpaired to our latest posterity. DISSOLUTION. The firm of AbEX'R JOHNSON & CO. is this day dissolved by mutual consent, and the business will be continued at their old stand by Alex'r Johnson. Jr.. who win attend to tne settlement of the business oi the late firm, and is fully authorized to use the name of the firm in liquidation. JSB All persons indebted will please call and settle. ALKX-K JOHNSON, Jr. JOHN CROW. Fayetteville, Jan. 1, 1855. St - : o ALEXANDER JOHNSOX, Jr. Having taken the STOCK on hand, will continue fhe business on his own account, and would be pleased to see all his old friends, customers, and the public gen erally, as he will sell the Stock on hand at REDUCED PRICES, so as to close the old business. Thankful for a liberal patronage bestowed on.tlie em firm, he hopes, by keeping a good Stock and giving prompt attention to business, to merit a continuance of the same. ALEX'R JOHNSON, Jr- January 1, 1855 DENTAL NOTICE. D. W. C. BENBOW) Itocal Dentist, Would respectfully announce to the citi zens of Fayetteville and vicinity, that he intends leaving here on the a" " Feb'y, to be absent, on a visit North, until the -w March. He hopes by this timely notice inai -. will lie disappoiuted m not finding him daring ' N. B. He, usually keeps his appointments vnj punctually. . . .... Jan. 1, 1855." U ' '", 27-5t , ' . , .. Turpentine Axes at ; Jan'y'lO. T.WADDILL'S.