Camden gazette and mercantile advertiser. (Camden, S.C.) 1818-1822, January 28, 1819, Image 2
Camcn
?lnd .Mercantile divertiser.
<?~i. * ? I II '? ?> hi.*fc>ate
Published every Thursday looming, f(..
VVILIE VAU(1II AN. proprietor, a?
three BOLLAits per year, payable u
advance.? No subscription taken ?u
less than six months.
The Office is on King street, betwee?.
Broad and Market streets, where Com
munications, See. will be received and
faithfully attended to.
Advertisements not exceeding twelve
lines, (except those of a public nature)
inserted three times for one dollar, ana
twenty-five cents for each continuation.
> rOm Smollett's History of England.
South Sea Bubble.
/While the king wag involved at
!Hanover in a labyrinth o f negotia
tions, the South-Sea scheme produc
ed a kind of national delerium in the,
English dominions. Blount, the J
? projector, had taken the hiht of his ?
plan from the famous Mississippi
scheme formed by Law,wWh in the
S>receding year, had raised swch a
erment in France, aud intailed ruin
upon many thousand families of that
? - kingdom. In the scheme, of Law,
there was something s^b4intial.'<?
Ail exclusive trade'to Louisiana pro
mised some advantage ; though the
design was defeated by th^ frantic
eagerness of the people. La v him
self become the dupe of the regent,
wbu transferred ine burden of flee 11
hundred millions of the kind's debts
to the shoulders of Lie subjects
While the projector was sacrificed as
the scapegoat of political iniquity.
The South StMSciieme promised 110
commercial advantage of any conse
quence. It was buoyed up by noth
ing but the folly of tne rapaciousijess
i of individuals, which 4>ecame so
blind and extravagaut, that Uluut,
with moderate talents, yvus able toT
' impose upon the whole nation, and
make tools of the otheV director*, to
serve his oan purines, and those of?
a few associates. ^Vhen the pro- j
jector found that thraouth-Sea slock !
did n?it rise according to his exj>ecta- j
tiou upon the bill's being passed, he j
Circulated a rej>ort at Gtobrrltnr and I
Port Mahon would be exchanged j
for some placus in Peru, by which |
means, the English trade to the.
Bouth-fcfaa would l>e protected and !
enlarged* 'This rumour, diffused by j
his emissaries, acted like a coma-!
gion. In five days the directors I
, opened their hooks for subscription I
of ouo million, at the rate of three 1
hundreed pounds for every hundred
"|K> inds capital. Persons of all ranks
crowded to the house in such a m in
ner, that the first subscription ex
deeded tWo millions of original stock.!
In a feW days, ihw stock advanced
to tftree hundred and forty |>ounds }
add the subscriptions were sold for
double the price of the first payment,
w itlimit entering into a det til of tiie
proceedings, or explaining the scan^
dalous arts that ,were practised to
? enhance the value of the stock, and
decoy the tihtVary, we shall only ob
serve, that by the promise of prodi
, gious dividends, and other infamous
arts, the stock was raised to one
thousand; and the whole nation in
fected with the spirit of stock jobbing
to aix astonishing degree. All dis
tinctions of [SIHy, religion, sex, cha
racter, and circumstance, was swal
lowed up In this universal concern,
or in some such pecuniary prajecf.?
Exchange Alley was filled with a
strange concoui^e of statesmen and
clergymen, churchnten and dissert
tersrWhi$s ?nd Tories, physicians,
lawyers, tradesmen, and even with
multitudes of females. All other
professions and 'employments were
utterly neglected 5 and the jieople's
attention wholly engrossed by this
and other chimerical schemes which
were known by the denomination of
bubbles. New companies started up
every da%>, under the countenance ol
the prime nobility. The prince 4.1
Wales was constituted governor ol
the Welch copper coinpan^ : Th?
duke of Chandos appeared at the
head of York buildings company ;
Tlieduk* of llrid.ewuier formed a
third, toi building houses iu Londou
| and Westminster. About an bun
ired such schemes were projected,
ni l (nit in execution, to the ruin of
-ii 11 y thousands./ The suais pro
posed to !>e raised by these expedi
ents amounted to three hundred mil
lions Sterling wlrich exceeded the
* due of the lauds iu England. The
nation was so intoxicated with the
spirit of adventure, tbit people be
came a jirey to tlie grossest delusion.
Vu obscure projector pretending to
to have formed a _very advan
tageous scheme, -which/ however,
he did not explain, published pro
|>osals for a subscription, in which
lie promised, in one month the par
ticulars of this project should l>e dis
closed. Iu the mean time, he de
clared, that every person paving two
guineas should be entitWd to a sub
scription for 100 pounds, which
w'ould produce that sum yearly. In
one forenoon, this adventurer receiv
ed a thousand of these subscriptions ;
and, in the evening, set out fov an
other kingdom. Tiie king, before
his departure, hud Issued a proclama
tion against these unlawful projects :
Hie lords-justices, afterwards dis
missed all the petitions that had lieen
presented for charteis and patents ;
and the prince of Wales renounced
the company of w high he had Iweti
elected governor. The douth-SeiT
scheme raised such a flood of eager
avididy and extravagant hope, that
the majority ol the directors were >
swept along with it, even contrary to
their own tense aud inclination ; but I
{plum and his accomplices still di- '
rected the stream.
The infatuatiort prevailed till the !
8th day of September, when the :
stock began to fill". Theu did some
of the adventurers awake from their
delirium. The number of tiie sellers
dail. in( reaped4 On the tdth day
of the mouth, the stock had sunk to
one IfuiYdred and fifty : Several em
inent Goldsmiths and bankers, who
had lent great sums upon it, weris
obliged to atop payment,* and ab
scond, ? The ebb of this portentous
tide was so violent, that it bore
down every thing in its way ; and
an infinite number of fahiilies was
oyerwhehnfcTwitli ruTnT^blSc cre
dit sustained * tei rible shock : Tile
nation was thrown into a dangerous
ferment; and nothing was heard liut
the ravings of of grief, .disappoint
ment, and despair. Home principal
me nbers oftlie ministry were deeply
concerned in these fraudulent trans
actions i When they saw the price
of stock sinking daily, they employ
ed ail their influence with the bank
to support the credit of ? the South
Sea company. That corporation a
greed though with reluctauce, to sub
scribe into the stock of the South-Sea
company, valued at Tour hundred
|&r Cent. Thiee millions five hun
dred thousand pounds, which the
company was to renay to the bank
on lady-day and Michaelmas of the
ensuing .,ear; This transaction Was
managed by Mr. R,ol>ert WaljKile,
who, with his own hand, wiote the
minute of agreement, afterwards
known by the name of the Bauk Con
tract, Hooks were o|>ened at the
Hank, to tak^e in a subscription for
the sup|M>rt iff the (Mibllc credit; and
considerable sums of money were
brought in. Ilv this expedient the
stock was raised at first, and those
wltO contrived it seized the opportu
nity to realize. Rut tlie Bankrupt
cy of goldsmiths and the Sword
blade company, from the fall of
South-Sea stock, occasioned such a
run upon the bank, that the money
was paid away faster* than It could
lie received from the subscription.
Then the Somh-Sea stork sunk a
gain ; and the directors of the Imnk,
limliug themselves in daogrr of tir
ing involved in tlint company's ruin,
renounced tlie agreement, which, in
deed, tiny were under no obligation
to perform, for it was drawn up it*
such a manner, as to be no mor.
than the rougU draught of a subse
quent agreement, without due for:r,
penalty, or clause of obligation. Ail
expedients Laving failed, and tlx
clamours of the people daily inrreas
nig, expresses were dispatched t>
Uttuovcr, rcpreHciitiiig tlio *tnt* oi
the nation, auil pressing the V.U15 to
return.
The effect ttf the peat Ranking.
??;?erations, and particularly in the
newly settled countries as well as
its future effects on the same, is'
clear!v described hv Governor Jen
niu *s of Indiana in his Message on
the 10th lilt. Tie observer. fc4 !'h.
products of our soil, ?\hich form thc
basis of our public and >rivaie wealtn.
ire unavoidably disposed of for a dt*
predated medium, upvwi ?hich.
when a^died to the payment of it
debt due to ttie United States, a loss
must be sustained froirr five to len
l>er ceut. and in (his indirect but
certain mode, the hard earnings of
the laborious ami farm<ug interests <?l
tliecountrvis mostexorutautlv taxed,
Mi? . , y
by a mere regulation adapted to the
interests of the stockholders-of the
National itauk, aided NMtn the pow
er from the <re*siiry department, of
preventing all other paper curren
cy from being received in payments
to the U. Stair/. The power wiucn
this flank evercL<es o\er ihe pay
ments to the United States treasure
has greatly involved tlio$e, v\ ho
have been.tie public debtors f??r iamis
purchased, under the general :>el?ef%
that the paper of solvent hanks,
would curUtnue to be accrued in ;lis
cbarge of such demands a^aiifci
them. J ut the operations of this
institution, prove its iiuentiou of
gradually destroying the reputation
of the state institutions, disenabling
thereby those who art; indebted to
the United States to meet Ib^ir pay
ments in due time to avoid a heavy
interest or forfeiture, w hich, InustJ
result in immense sacrifices on their 1
part, and commensurate opportnni- ;
ties for speculation for those who-j
pan command funds w hich are re
ceivable, unless Congress shall in
j terfere in their l>ehalf." ,. :. J
As a commentary on the above
doctrine we find in the the same pa
perj the declaration of a ten per cent
per aim. dividend on the amount of
stock paid in to the State Hank of
Indiana. * Viucennes Cent met.
iVinier in Virginia.?-\ letter j
fVom Fredericksburg,of tl?e &3ti Drc. I
static, that the snow whs then ei$h- \
teen inches deep, anladds that ihe !
Kapahanuock & James rivers were
both froze a up.
The Thermometer* at Montreal*
stood, on the? 17tii Dec. at 7 in the
morning. At 16 degrees below zero,
011 the 18th at 13, 011 the 19th at i. i
' * ? ?% ?"""
The following are the propositions
made by Don On is and the reply of
the Secretary of State.
To avoid all cause of dispute, io
future, the limits of the res|iective,
possessions of both government*, to
the west of the Mississippi, shall be
designated by a line, beginning on
the gdlf of Mexico, between (lie ri
vers Marmeuta and Carcase, follow
ing the Arrago-Hondo between the
Adais 1 and Natchitoches, crossing
the Roxo or lied river, at the &&L
degrees of Latitude, and 03d degree
of Longitude from ..London, or
thereaVouta as marked ou Mel*
lish's map;and thence ruuniugdirectly
north, crossing the Arkansas, the
White, and the Osage rivers, till
it strikes the Missouri, and then fol
lowing the middle of that river to its
nourctf?so that the territory on tlie
right bank of the said rive a Ml be
long to Spain, aud that on the left
bank to the United Stated The
navigation as well of the Missioori1
aud erf the Mississippi and Marmen
to shall remain free to the subjects
of lioth powers.
Beginning at the month of the ri
ver Sabine, on the Gulpli of Mexico:
follow ing the course of the said river
to the thirty secorid degree of latitude:
(he eastern tmnk and all the Islands
in the 6aid river to belong to the U.
States; and western baiik to Sp;irn
? thence due north to the norlier
most part of the thirty-third degree
>f north latitude, and until it strikes
ne Rio Roxo, or lied River, thenc e
otlowiugthe course of the said river
iu its source, touching the t.luiin of
Snow Mountains iu latitude &7 ^
north, longitude iOO 13 west, or
thereabout, as marked on Melish'
naji: tliew< e to the summit of il.
s.vitl mountains, ami fidiovwng Li
4 11 it ill of llie same ti? tlie 4lst p rail*
i?i* latitude 41, to the south se??.?
fiie northern kitik of the said Kt.
liiwr, and all (he islands therein ?
Ot'loug to the United States, and t?r
- - inner n bank of the same lo Spaaii.
vuk\ >i Ulandlng aitil Jamf.s (>. Holmi
live enter Cv4 llltO CU"pAllll> l olilp Hi li'i
practice ?t law for Kershaw district, .V
I^uiks wilt aitenU constantly ill tueir oil
u.xi ouor locrpu ? arren's store liiLau.
den ?ml Coi. btanui<>& *Ui aUenii t.
CouKs ot taw and equity a* asuai he w.
v ?su Camuvn neiaiiy on the tii~>l Mu.
Jay in eacu inoi.lii.
J.nu-.!) 28 4 6?-9
Garden Seeds,
Sunt arrived from JSeur JthugianUj
AND FOR SALK BY
P. , HORNTON,
C On<- dcj'jr d l^w Luito~<? AtlgOre's J
As i>?ey were put up by the snaking
Quaker^., and other persons who raism
tnem; Ihey may be depended on to be ^oovi
jit follow* :
Early York
Cabu4<;e
Early sufcaFTOtf do
i-ate Dutch do
Green glazed do
Savoy do
Red do
Borecoal do
Drum head wintei
ditto
Early springTurnip
.. ' / - u ? h do
French do
Yellow Russia do
Blood Beet
Yeiiow do
Early scarcity ditto
swrftina; .Parsnip
Orange carrot
Purple do
salmon Radish
short top do*
bUck winter ditto
Ice Lettuce
i lead A do
sugar loaf do
Early* do
Red Onions
W iiite do
Early cucuniher
Long ^ree.i do
(iel'MllS
cantetope or Nut
. meg Melions
Wateriueuons
busk sqnusius
Whiter crook neck
dit.o
prkkiey spiniige
Asparagus
squash pepper
Rabbit no^e do
Y'egetaUle Clyster
Egg plant
Vuried parsley ? -
Lavender,-Rue |
sage, Thyme
saffron, peppurgrass
Early Petersburgh
N Peus I
Early frame od ?
Eariy charitan do
Dwarf marrowfat do
Eariy bush beans, t
??
Pamphlets with directions for gardening
may also be had. . I
A liberal discount will be made to those
who may wish to purchase to soli again.
N. B. Just received in addition to the
above, a few kinds of lirass Veds, and
some other new and choice kinds, too te
dious to enumerate, amonj? them are the
Rutu Baga, or yellow Russia Turnip* a
fail f'urnip, which has lately been intro
duced ih to America, dud is said to be su-.
poriorto any heretofore in use, and is
muen more productive, ami is found to ]
be excellent food bath for cows and sheep,
therefore it may l>e worth the attentiou of
the fkLniei_to_ciu;ti*ate_it^
\ vnall trsati-?e on the culture* may be
found 'u tlit pa nphlet offered for sale.
December 10
?? I * I ? I
>Ant 01 Miters remaining in the
Post Ojjlccn at iMncuster Court
House, on ike BisL December,
1818. ?' - a
A Abraham Ilorton
Jency A rant Holey liammomli _
B Jeremiah Hunt ' '
John Berkiy Sen. John Henson
C ' Evrii Hill
John C raig ? jjl
William Craig > William Johnston
Robert Campbell v ^
\Viley Cato Jacob Kemen
Sterling v hapman L
? D James Laugfey
Crenshaw Duk.es Mr
F John Meekle
Joph Kail Margaret M* Bride
David Fletcher ' Jonathan Moof1*
Jesse Fly P
John Punderberk James Perry y
O ?John Parr
John Gettys ' R
John Ulllan Joseph Ray
John (iaydert S
J *hn Oooch Samuel Sellers
H Timothy Sullivan i
John Hvdtfon W -
Vfary Ilollaway Roley Weaver
Jolin Hancock
J. Stewart, p. u.
January 14
iiOJK. Itl.NIHNO.
'JHIE subscriber respectfully informs the
*-citizens of Camden and its vicinity, that
he nas just commenced the above brittleh
of business in thoatore op|>osite C'ol., N ix
ons, where ho jHkexecute all kinds of
Binding wfrb>(^^H^)tncs* and precision,
he has also an fl^Tinient of
Hooks and Stationary
For sale on very reasonable terms.
George Forbes.
January f ff
Boot ami ^lioe ^tore.
II. LEVY CO.
HAVL JU V| Hi i V VKD
- v_tten?ni 1 i.^libh kid Slippery
sot u d colors
Omo ctuiyr Shoe*
Ditto coi k so.,,s
Dii'o walking Shpri
Ciiiid < ns ti n ? assorted colors
\V Boots
Morocco Pumps &c.
Oec ember 3i
Public Vale.
\>y permission oi the Court ofiOrcUnary
xveisnuw dist.ict, will be soil oi? Mmi
ky, ti e hist ua> of lebiuary n xt, at
.w Iiuuso, in Canukn, lately ocv ujned
?ii. \\ n.ia.u i.iningiuiru, , dec rased.
.\)t ine "pcisonal Estate oi thesAid ueceas
: I, iotiftisUi<? ol licv sv-hoks iurnitr.re, tw#
?Uauiu^ CVuii* aid tl t'1 col 'aid nek
, i me said deceased.
rermv?.crtdit tor om Monti , \ nucha
>crs to e ncte beal uig injLeu st5>"oti*_ttW
day ol sale, v%itn good pcrVittatsccu rity.
K; H. Uulerson,
Adm'r. nf l/tt Kiiutr yj tV. WT,
Jan. I 5 44
NOTIvK.
ALL persi.nb uitiioUii *o the Instate of
J hn McL as?>ut, t 1 Keibhaw cistiict, 8.C.
ciiCv a? i., ai\ ? c?4 nested to * omc it>r\*ard
u.id bi .i,t tt-eir it ucci ur.ts*, ;? nd
thosi, u>at l)rw a. y tit mantis a't>an.si tno
s. iti fcslate n% ili render it* their accounts
du.y attest., tl ac< o? i Luw.
Daniel McCuskUIi iid'ntr.
JiU'.UJt) ib 11?46
. i ? ? - ?
C/tMiJKN' Libit vUV aOClLI'Y.
The emhcrs of this Sccictv, are re,
cjuested in attend h meeting ol lhe sumr.at
then Ho? in on >uu.i<U \ i?t 30:h ins*. at
3 oVlock i?> tne I in? quesiioft
will l>t* ,; u t allies :m:e.:;?, w nctl.ci or not
iUe SoCtit* shaP ne ? ts?eUt <] It thetifor?
expected that tili person* interested will at
tend.
J. Heviiol<Js,w
wl
!u ( i i /ary.
Jan. S ' . 4 4
? U I ICU?
1FOHF.W \RN a'l persona front tmding
for a note of iuu-cT"etvett hy mv to
Purvis Senr. late of i hcrtt't fietd district#
for one hundred dollar* dated the fr-h\ d y
ol January and payah??* H:<- fi?s? day
of January II! 19, with cctiditioiR thereto
providing I ^ot sufficient tit;es thn tratt of
land purchased by m,o from the a*id Hltr^
vis, ai>d as I have fatted ^ettiufc biifikient
titles, t atff detenu 5 ucd not to pay this
same unlets compelled hy law.
I Haywood Tfalcl*
Chesterfield O. H. Dcc. 29, 1918 44-T
J mm mm i ? ,??? . . i ?
, Strayed
Fuw? ih?: subscriber on
the Idih III SI. H )ii?ht h'nod .
bay HORSK, ?ibout filiten
mid. . v I?hIf hand* I ikch?
pace*, "fid canter* will bus rather a
it in ?u.ck ii??l b'rt m'?u frn?l u numb* < of
%mull w me spot* on iht sriioll h.?? k?
briiiui?(U any) not irevm mbfrtct.
Any ii fu iiiH ion respecting mid HoiiCf
will be tlutokfuliy received and ? i^u^fftc
lory rtwmd gitcD to an) pi r*o?? ?'eliycring
the Mine to itu kiibscnbt r ?n c<ttmien.
W iMiam Brown.
December SI > ' if *7
V Proeia r ation.
By hi* Excellency Andusw Pic*'
fcNn, Governor and commander in
chief, ^c.
STATE OF 80UTH-CAR0LJNA.
The Inidy of Edward Dudley^
late of Kt. Mathers Pariah, hat
been found in circu .stances, whi?h
induce the belief that be Wat mur^
dercd, atul minora are now abroad
which may posaihly lead to a disco
ver, y?~ \ ~ - ' ~~f
I bare thought proper, thcreforei
to issue this Proclamation, offering a ?
reward of three hundred dollars, to
lie paid to any one who may detect
the offender* and have them prose-.
cut?*d to Conviction.
Given under my hand and the scat
of the State, this 29th day of
November, iu the the year of
our Lord one thousand eight
hundred and eighteen, and in
the forty^-third yGar of American
Independence*
A. PR KINS. (L. $.)
By the Governor. '
John Gi Brown, Sec'ry of Htate
A l.ad
Of respectable character, who cam
read aw' spell, is wanted immedi
ately as an apprentice to llie. Print
ing Iliisint'Hs; lie will bo well tt rated.
Apply at this OMice.