Edgefield advertiser. (Edgefield, S.C.) 1836-current, November 15, 1838, Image 3
A-4
a OLITICAL. , ?
Extrat from the se ech of the Hon. F. H.
Elknore, at the 'olumbia di.ner.
"I entreat all nay fellow citens, who
incline to that tremnendouseng iuof party,
power and oppression, a U. States 13ank,
to deliberate long; before they yield h a
support. Of all the schemes ever itaent
ed, to forge fetters for a free people. it is
the most insidious; and of all the teau
by which the Skauth has been cheated, op
pressed, and enslaved, it has been t it mtst
eflicient. Its advocates and ifriends, with
few and honorable exceptions in publie
life, are the supporters of 'I'arillt, Internal
Improvements. and nil the Federal here
sies which lend to consolidntion, or go to
rmr the general Government with despotic
powers. I beg your attention, while I
trace some of its operations. .
No Bank can now be chartered, which
will not be a party lnnk. It is the 'Whig'
measure, and is intended to put them.a into
power, with all their latitudinarian 'amd
dangerous pinciples; aud will be so lraned
if.they succeed. as to aid in keepiug thea
there. No iank can be made strong e.
nough to do any odrl. that will not he
strong enough to do infinite mischief. If
powerful enough to regulate the eurrruney,
and the State Banks, it will he powerful
ono -I to destroy theypt at will. It wil
be a re@t institution, capable ofreidering
the sovereign actiion of the States null. for
ifit can destroy State Rlanks, it is useless
to say that it is asovereign power whieh
creates thema. Over iiais institution you
will have no pow-r. It will be irrespon
sille. 'Ci:e history of' 1he old Bank will he
long rietmbr"erl.' its trask was literally
over broken Marc: Btaiks, and %t as wtl ered'
by the wvidow anti irphan stockhlide,
wio were ruine"d ;.ri !ankrupt by its se
verity. The :,"m 1b::iaks were crashed
to mnake room for it, and give eprnloyment
to its gigantie ca pital. The distress umier
which the suilerinL country ror:tued, while
the United States lahyk was conluetinia
the ctarrenv to what it calied a sound state,
was too terrible to be anin endured. V ho
namongst us, would renew sineh scees of
ruin and ser-ow! f.hat, nhove all. wvho
wonhli violate the constittion, to inflict this
scnourge ag:ain upon(at the country? V. e
have seen, that there is naro c.press power
granted in the constitution, to make a ltank
-nay, that it was asked for, and ryfused.
To authorize its creation, its a1vn*at~ re
sort to construction and imrplictli '.--a
made of obtaining power, opposed hythe
old Republicnts of '89 and '8, and mot!
dangerons to be nflmit ted now. Qfnii pet.
ple, we, of the South-the weakest, nni
destined always to e the weakest section
-should he !nost inilexibly opIosed to corn
staructive powe:cs. 'o wiiem we owe, he
tides the Bank. ''arill'- o4rcetioan, al
internal Improve(rats, with all their rn
ilos train of corrultton,. cxtravaganc.
antd oppressint; ad btiy a iheit we aret hreat.
cued with Abolitionist, Mai its borro.
There i" no one po t er, li-oran t hich tha
iaplicaton i apretniled to be atived: to
awhich it. is no:it ly sarior ii irii
ance and efleets. lier( is thting sa
dangerous to the Southe ;t, adiaitin thil
-"""'h , The saine rule % ill touch our
Sl1ve nd ,'is,' " "'. itt o)rora foolr
strictest itlwrence to r.i. t' "it ita'i
our only sa f'rv, in thi, 1 tai! The i e -
publicans of ! i r9, were n i-;' iien, antd as
tihen et It s iis.i-t n ,-ti'e . -trrri t tiun.
One eflf-et ft the olli-:..k. wa., rll cco.
tralize trade in ihe Nrith. l., .'tiled there,
it was, w ithi aill' its branches, N'rti andi1i
South. Fti and West. tunder the (ntir.
control of Director , n ho tn a re Nor'itia-rn
tanen. livinut aiid haiving tei r intrsts :and
f'ris, at thnth':I. Ina conre. a' ing its :a
irs, it wasi natral ihe~s wothl givt :a pr
h'rencr(e toe rheir 'Wi 5m-n (1ei in- and tatI :
e'spec~tilly so, whlen. lby it, thety wouldt itt
haance thirit pa'rofa . liy tail ,at' thet deu1a
atecs, and accoinmtaations to'i, thi'ra mer
an rth le i niternal tradue soaughaat laeira inarker,~~t..
New York. 'specilly. bec; ame 1ihe ctrr
of' commeaairc--: tail seei rons tof the~ conl tray
btectame her cinstomrsr aril excunagea tef
corre we're tar'aad tto hera, iion-eat'll iree
tionas. Every texchanmge opeu'.a iota lada its
p-roair, tandt thet maor'e corpiU-ated mial man
tipied~t, rthe morea't iprofit :am rse whIo coanal
iaiinipliizte themr. With bairancheits every
where; in m li bya mams of ithe reve'nte tie
piosite's, ait e uniiitiver'sai tciitnlian andm
crmedit giveni to her nteis, hv r h'''evw-rna
anent, the ll:anki se'ized oin the exeiai m*ges,
- is her .owni, montoliz ing the buit arsim..,'s,
anidI ran nmen.,e p "''s. iaIn tis htusimiss
it tolia'atted nao rivails, anid woou. to thle IStme4
flak wichi uiared ttoelaiation-ar thet Ljitn.
cm shta're of th ia('potil Ve htave tne re
'aiarkale ini.towe. tfU1 e s 0 arde ofrthese
nmmuents. poe,~sr.. ain !-2. nndi qute it, as
illuastratma the peow t'rf'ul inf luenic'e of' see
taf invest igat Iion a i hn dai bA priil, 1832 ina
spaeninag of'tihe tlarmai ina hie ciounttry, tat
the state of' ate foia n i tri'ale, f'romr hb' ex
(cessiveC impijorta )tn oft the yetar before,
"T'he peoint wheire' tese imnpo'raiatsN
oc'enrr'ed, indt wheiure the revennme wvasay
nhiite,wn'is at New Yorik. Th'ea whoitle force
oaf thle istiturura n was, theeibre', direct, to
str'engthleu thtat pelace, andt thte distant
bar'aches wer a-it recrtted to av oid iniconai nmi
thug it, tand the Atlbatie bi'rnches tanar to
it, Lay dirafts 1pon4 alhem, baoi to pay their'
baalanaces to them a h jl tas little delamy ais
lhe coniveinince of theiir respeective ltocali
lims wnionhIluperit i. Th'is is rthe whole poli
cy of' the' bankI for' the itast s'ix. mioamb ls -
lt wvill be seenm rt'eror runt, w itor a
dimnatioun, theremt is an :aiual iincre''a'e taf
butsirness ini New' Y'trk. tauna inre- im
crease oft the domes.-t , biill ofel ihe ha nnet'es;
thec metre'rse iin Netw Yiork iinag foar lae
pinurose taf protecating. th Iimea arta thiee
mnittantes f'rm te Wes't andi --;ao t, to
tsustijin New Yiork atiilt uhe nr terna At -
larntic br'ances. Ian the mettmitimeia, alit
bank, ouat of' its ra ii..a'ais ;a .trua'
souppiied, slic thte ist ofi Septttebr laid,
the mants of' "au remitances, ini it., owti
baills, to the amrtoanrt of' $65,295.74; 52,
and pmartedl with its sui'pl us siecie,' to the
anamunt ta'f 't3.0t0,t00; iu~ang tart nagre
gate conatribtiioit to thet, commean(rce of'' 1(0,
. J5,7]6 52.''
Can mhore conv~-incinig prooaf hae neededl
hat athe late U~nimtd States ilanik had. bith'
*ection; and that it did.avowodly in this in
stince, inake all the restfO the union trib
utary tp the deed?..' Lt us be ivarned how
we- ever. again lodgp such power in an in-,
sItution, so foregia to us in its feelings, and
so uncontrollable in its power. The ex
changes were equalized by it; but the?'e
very exchanges were the fetters, in whlhh
they hound you, with glittering, but ser
vile chains. Located at the North, it
made itself the heart of the commercial
system, and throughout ,the exchanges,
its arteries drew to it the wealth and
resources of . the Union. The public
detposites . s -elled these . currents, -nud
secured to M the ituinense profits it re
ulized on this gigantic monopoly. Re
utorselessly has the Goverment taxed you,
but more remorselessly has its tax gath
erer, the Bank, ground you in the collec
tion. In 14 years, the President admits.
it drew from the South and S3outh West
in specie, 6.24,,:37 94, for the Mother
Bunk, and tha runch at Now York. and
son: hack on $807. 472;" while at one
oapciationa, they-loaned to Now York, $5,
UO,O0U of specie, ustain her trade.
Tw time I he olI ft consumed, and
that which I tO4 l5et'e 'ioy, forbids ie
to trace all the details, .l which this fatal
Bank, aided as it was by the unequal rand
unjust exactions of the Government, un
erniined yourconitnerce, until it perished
* west into) nothing, tial transfeu red it, and
.ieprofits.' to-itr-,wn cwplc', and -its
iwn esection. They have ieen powerfully
leveloped by in ablier hand; and,I would
r:ter all who desire to prosecute this in
eluiry; to a report male by the lion. Fran
ts Mallory of Virginia, to the Contvettiofl
or :d a'rthants of that State, assembled in
Rtichmuond,inst winter--a doeutnent abound
ing in statistieil informati.n, oianioi f'romi
aule .;itc soreet., and piiactd in the thost
insictrlivo light."
'eo .Re port of' Committee of Ilouse of Rep
resentatives, le.d2. pages : o5 to s.
'rom Ike uuth Larolinian.
'icoNo3r AND 1Z .:rtU:.N:i-.:T.-Thie
pre-;ing danger no thel Adunnisaratioin. tnd
the ontIt, nt this tine, is to be found in
ahe lisni; ae I h' ( ,overnent. The
r.v nne is J.ereas':i ta et'r the op:cratious
of le Comilmiiitiisei Act, and rapidly coa
In;; town to 4ie contitutioal and neces
sary w aants otft ( overuntent, w bile no
torrespohntog elhrts have been made by
the Admainistraton, to reduce the expen
ditta. es; tal the op position,apparenly lore
*e.eing its men4 p aomt, hatis hahored to the
pttmot to brIng the tmatter to a crisis, by
volting I:are appro,riatioins, and tat the
Stane inlcstruagtan to withhold time means
of tmeeting them. Iis principles and poli
cy, too, tare in favor fit a protective 'T'arill'
,fair. 1 ebater, and ,everal of the leadin.,
|luhi pressts fhavei indliected a d'terumt
:anonh to viohlet he" Compl rouniae Art, ;fnd
alventte a re'a wail .at tha: pritietive ein
und, by pre in, expenrtditmers. ai
holdling Muli d.:s. I ey h"ope' to embalar
nt , dlis!!rare," ats.? breaki dlown the .\I
aenma:,trati, 11ail .it thite .ule ittle crme'
a neuce.-iay tor hihe'r duties, or a iFederal
di""i. 'I'he coiatinita:lly iil creasina dir. at
r'. et w. h een the re'eipits ait diaburseten:s
wesiehs cre:ail, in thieir i v-or. A shoek
must ene1e 1t.. nnh-- ueediare~ a elii"eent
e'oea-.' 1- ab,1 t -a late., it issurprisingl that
the \dminiaittr:aiui does not see it la.gera
an (thi pint. a' guard ;aaiat it; for tila,
asur~edly. is its n. enk loinlt-Ihe point of
greatest dan-er. They'. who have read
e Spe'e h ofi* .'tr. Callhoin. c a il tail
to inrrl i. tr, 11h:1 he h;t., rein'~at l1v wilt
in the Inst t"wo vemas, ;ive-n "armais to thte
i'alendtingtangeri, iaan ibis' i:otter" ,1 utiap
iaren-:thly tall in ' iaint. it ennautotlibe nae''Let
*i onttt.lh lannert'a. I' te exlie!ittures lie
i"t rednatted neiar'. tc' o ne al, it tiew public
debtt mutst lie creatted. i'r th la r aaiff' duaties
teatst lbe a'esnen.' edt--e i'r ofi whaich results,
noitled inaev.itably bei lfattal to thotae' in pusn e'r.
Thie leiadinag iaaeisurae, the'n, of' the mae x
on--1a1, tmutst lhe i ; 'revision foar ia' riid tatnd
e lha-e'nt naaensure' ot'etrentt-tehmem, e'onio,
tiy', iand net-:(at aibility3; :and tal laho (ip
poise it miust lhe. Set down'-a as deciedig3 up_
piosed( to tus. near pinc'taiples. interests, and
vic's s. (it thits maeatsure', thec sinicerity oft
the Admim ist rat iona n ill lbe tested, ont timt.
onie handit, and I h-:t of' ouri Stat R10 ighats
tand "Wh~aitg'' (opponlvt et of' thae .Suthi, ona
thte otheur. TJo the lattea', it will hi' one oif'
lhe rtesttit plihical tr'ials of' their lives;
for, woe. woo lie uneto hirn of the S4oth,
n~ hoise temiriin-' g ina rty potlicy3 may bing
utpont I is c'onst ituae'itt aothaer' opprie'sive
TIairiff, or largte ph uli debt. "it' hosoe'ver
shalli stumbileoi upen this stent , shall I assu.
t'eilly lbe bro'tkeni: hutit uon whaomsoev'er
tis stone shall IIall , it shaltl grinad him toa
powdrer."'
'ait hott sitchl na system. basedi oan thac groat
fundlaamtaatal pii pleii a:t itt maor, aion.t
ey eought tea bi' takein li-tatm the 'e-ople, than
is olu tesly naecesart- fort thle jutst t and ee
iatanone'il nsOalt, e~l the Goernmentaa'at, it is
vtain to tinak ofl prsrvn otr li-ce ati -
ttttions, or breaking~ the epplressive uad dle
msiug tolhitical ad commeiirciail yoke
hik b oln rett mai t hei e
'~a th. Its ad'ap'ion would at uned o
thaeroad fittrly aned cleariy for'ilhe inhti-de-~
iton of a Consatituttia Tirensur'y, at thec
naext snae'eedmn seasiona, ad rentderi its
operautiona ptlaini andt simpalet. safe andio eaisy;
andh wsithtout it, the diifleuties of thaat "'greiat
ameinure oh delivertace' sami Iiber'ty'* ws onaid
oflten he grea:t, if' naot ailtnost insurmoi aa
bthe. Indeued thle maeaisure itself' nsill hi'ave
little ebuance of snuee'ss, if' this natuirai p)i
oeetr of' it lie efetntetd, for its tinad athd ir'
retrievalble tdefeat, wouild enasure thaodown
full eat'shl. Adtmintistt'en tion. -
Ont thlis iL'lt ne se te'n, theure miusa be no
tempfoiintg-noe~ sacriiice oft pirinctip;le s o
ex pedicy~. Ta its, of thae Southt, it is tite
oif' lilt. or dleathI; for, it' the TartitIf duties
shotuld be rueewed, ori a publlic dhet earn
te-d-(undai indiieed, itnei ca it of btItr. the
formjer, w'oti iollow. (if coursteo. ats bef'ore)
-f itreswell., a hon:. fiireweall to all our
gret.s"is'-nil ontr hopijes, efliarts iad gt'n
Ii.itac, libertv, tande peace. ''"llTey
wh Io are taot liar its,'' thlent,'"tre tn.iinst nas;'"
lae end ol thiier watrlihr is ritni dlegrada-.
tiont, tanniahatioan; andh with till stteh, we
haive hope haa t itn iancomprmiatsinag hotstility.
These remiarhks iare tact the resutlt o (f the
maoaait ut, htit oaf Itonag aind deep reflectlot,
reultistag ini 5 la stronagcst e'oanvictionei; aried
we earnestiv tr'ust that they iwill h.. cn.
sidered, as aenned, in a candid
and impartial spirit. controlled by no-per
sounal nor party fe4l1ng, and guided by a^
deep sense or public duty, and regard for
the welfare of the country. Of the concur
reice of our political friendssve cannot
doubt. So fur as we have been able to
consult them, they decidedly agree with
us, and we trust our new allies, and espe
cially our opponents at thd South, umlr
ponder long and well on hean, ere they
unhappily conmmit themselves against
thems. In God's name lot not the Stt6'l
he-foroverdivided, especially on at matter
like this, so appurently clear and nuqucs
tionable-so vital and Ismportant-involy
iug every thing dear to s a free people.
From the 11-ashington Chronicle.
PAPrE M aNEY.-"The peopale love to
be deceived," was thanuying of an arch
politicnl hypocrite. Although . e abhor
his slander Upon huptapiry not less' tan
we despise the slap grwho utteredIi,'$t,
when we look around' and heholi the mtagy
impositions heaped upon the people, and
the patience,'subminison, and even cheer
folnaesaih which they bear the burden,
.we 'fre sometimes inclined to think that.
the short, sighted and misanthropic shin
tlerer believed there was some 'ruth in his
decluratiu.
Perlta pa thpre never was a t raud
practised upon a~n oi ,leK
paier montey.'. el untler ith fio :
vorablo circunstnaees it is a taighty gqriev
auce, but when carried to the truly alara
in," exten it is in t his Republie,..-uudoubt
edly paper money is one of the greatest
and umost ;grim g impo1 ieton that can be
inflicted upana a eiviied comnttinitv. Yet
thei ihabtaita:ts of thes" States. carry tih'
hual iore' patieat, ne ' ire indctred to
believe, than would any otier 'pcolae t oa
the' face of at' 'arh. In fact, we ire
strongly inclinel to the opinion that the
subrects of the Saltan of Turkey, humble
.and1l degraded as they really are, would twat
'utnit to a, like impiosition, half so lu:etly
as the Aimerinnas.
Under the opearations of this stupenfits
aroas, the immense wealth daily created
by pirductiv*e labor, t cntrolel by this
fientitoeaus represena:ives of value. Ta
consequence is.that the producers o'fweralth
are directly tale the slaves of th;is
ileged few wvho tanaalt:ettt:e attic synsous
mtontey: and thus are tse riches etnatee' hv
the toiling tany, obtained by those wiia
neverasserted to crente them. This is the
present condition of things, ntideie op
eration of our frandilent otnetary system.
Wo'uld ani other people, we repeat, save
the Amerieans. submit to like evils! In
our humble opinion they would not. No!
Not even the degraded subjectsof the Tusr
kish Sultan. Alas! loir the bad influsites
of tyrannous habit.
Possibly sole of our readers may ine'ine
to the opinion, th:, we ar' disposed to co
tur t he evis ofthisystem of ;nhzed afr am
'a" highlyW. not. Facts, in our
opnisoa, will warrat the de'claratins' .e
tave "tsnarie. It is an olbvioaus truth that
the crtateors of we:alth tire poor. k ow
tiiipint'is this! (oi 1.1 Ihey ie po r o
der athe 01-r t.on of aturnal at just
systea of distintaution! Imsapoa ble.
Under such a sysietm the whesal ) tea
trirs would , the the we; In . eYceumzul;a
'.'.4 5.o.tmdi l iho c'v ho laubesre, the
natiS, would live the i-.t. leit the op
etra;tun of theeuad and teni Iaws ofna
lure have been mte'fered n ith :zai tlaw.ar
ted by legislative e :ie't iments. 'Toer on.
'equeuee Is, that the lrotucts of latbor are
distributed partially" aad ujuastly,tsd thos.'
aho ereate none, obtain the most.
Such is kte present conedition ofti civilized
society, thle wv. arI ever. an tarchasi'etn I
eaounitres, n liesre reaal monecy cons~titutes
Ie care .51itsg mediumi, productive laor
is robbhedl of its dueIs by tther mein;si taet '
a Sgau~riouas curremacey, bt itn ibls l i pub if'.
itisitay bay such'l mleans. Aside fomi tIns%
Ievsit, labior is taxcd c'omp~iaraiiv'elv light ian
tie'se States, nrl were it sseai tear hiz,
fraud,thae workin4gape'ople woul.1 lie fair tie -
ier offthan the iinhaiiniet oat anly other
counitrsty, liut sub~jec(t to thae il cit'o atsa
onecrouls systemt, thle manty tmuasi grn
looerr, anud thae lews baeomne rie her.
WVe subjoin ani extracet fromt an en!~!lIeni
adderess eaf lte late Wosrceste'r Coeitionaei
iii ibIt plel of' Massilachuetts. Me~ the
taia n of01 a thoaese Riepaubbl ean araIbiest,
'itahiias ,Iettersoan, .lohni T1ayloar of (Carei
hue, sand Gent. WV ashlirnaton.
Ibiank paper n ns, in the first place, tnth
iung more I hlan a certuienI t' so tmuch gold ,
oar silver epositedl in the v'anli of the
tamnk. The moleney wals always ti dy to
answer to the paper. Such were: il the
thld banks ini iuropae previues toi All ISth
centuary. A' fler the revoinhetion, ini Elghaind
oft 1(;88, a new earsder of things arose. The
expenasive wars tedlea ns ing aipon that evsent
inveihved the niationa in dleti't, ande led to ate
e'stabilishtmenat of a batnk, uapon the eredit of
the G.overnmaent.. The nature of'ionk pa
per nowy uanderwvent autotal ebhantge. In
"tendt of'being sitmply t)he ev'idonugo. of r
muchel spece'u depositedi in the bi'anh'is was
conv5erte'4t inta.. nromise, of- ttte. btaink to
pay tie sum expressed, in a -lt was
'tive' of man , ui ameiy a ,t~" ( inite
fear the piromitsory notes of hte Snatk.
Bloha promise to pity in sperie; e frhaips
neither or thetm hats it' The iflntioin O '
the whole bankitig systemt, thetn, ' iae
upon commercial credlit. Thae solaency
of ;a banak depends upgo' 3he solveney of its
e ustoamersa. Insateadl of re presenting. aoney,.
haank nuites represent, so fair assth eapre
sent any' thmiaa,-the properay, .isi goods.,
maerchandeeehse, antd estuate of the tank.9
debai'irs, Bult they are talso usmed a* eaei
culahting medeiumn. And here lies tIp' d'lfI
culty. So fair as they are anerely repres.
senlsations of pr -perty. they might he sap~
ly maihipaliedl ao ang~etount neat e'xceedaiang
it'.siactual valuec. Conseidered as a piara of:
ahe ctarreacy, the qluestion i~esvhwhldilrer
et. The verv fact th-st they represent
prtoperly, le'ads to thecir over-ssIeojs eur
reney. Fill wshile ahe ba~nk is Slhus mnade
seenare against ulitmatsie loss,the temptatioin
to over-s%'ue, arismng from the pra'et gn the
circulsatin is too st ronlg toi be resisted."
"[In Copving Erseiial "says Mr. JefThr
son, we doa taot conisier thaat fike prensises
intuce' like consequciaces. The banak man
eim o .e eif the atos: threatening ofi thtese
o r it -:o ' . It is rainga' ny sa mie'nyced
Aristocracy' mi ouna coutray n haieh hast ael
ready set the Uovernmeut at dcfiance, and
though forced to yield a little on the first
-asuy of itsstrength, their principles are
unyeled n nd unyielding. 'Tiey have
taked deep root in the henrts of that Iabss
from which our legislators are drawn, and
the sop to Cerberus, fromn lable,has become
44istory. T'!heir principles ike 1101(1 of the
good, their pulf of the bud, and thi. those
hw.V 100 the Constitution has placed as gua:ds
tits portals, aresophistiena:ted or Finrned
run their ditties. . That paper money has
same azdviautages must be admatted; but its
abuses are also invterate; ud that it. by
breaking up the measroof value, makes
a lottery of pauvato property, cannot be
dented. Sha'd we ever be aible to put i
constitutiountl veto upon it.".
"The free industry of the people, if suf
fered by the Governnent to operate fairly
upon the coiuinercial world, will rapidly
supply us with a better currenciy than the
in s lving, fluetuating, coutiterlciling cur
rency of corporations. If imnks canl pay
their debts, we have a stillicient specie cur
rency on haud. I lhey cannot, their cred
it ought to cease."-John Taylor of Caro
lin.
Extract from Gen. Washington's letter
to air. Stone:
"I do inot scruple to declare that if I hold
a voice in your Legislature (Maryland)
wouhl have) been dicid(dly aganinst c
paper eei"saon, upion the gener..I principh
of its iiutility its a representation of coin
(r ie tieCessLty for it, as a (ctrclatiiig)Ie
dil in.
Theri'e annow no le.) lhe a1y ne'.iSity for
1. "".-staN :'.':e t * .1' . .i a." . I-:1i to) reirn
:;- i:e ctirency. 1f suc n.i lietsity e * .
isted it exists n" "'or. t , eatra the fol
l.ow:lin; o.n a .\ew Youk paper:
-'runu the Kir w frk 1 .r pre.s. ;:.1 iint.
'lit.E UNers:n err.t s I.mN. --.We
doubt very mur-h whiether the: elialli.h
ment of a NLalomal B;ank will be bronght
firwi ard aeam lior ea y ye.. to come -
'le" Un iateul States Rank ha., non : ;I
toon hold in til, tist ain"I in aI mu.tne r tha:t
is likely to let! pleinanen.it. It is e;aiI.,sh.
ed noer a !ani of our State. which, it is
stat<-t', if altred or t r.haleid, cannot at
iaeet the hiintigi. inia:tions lahi hivae
been or r.a'e he r'r'.-,ita' i na.!, r it; and
if t 'his is or.,ei, we *Oaninol s, c wile. 61+.
cbarter is not pelercn.ot. 'The I;.t' is
4o 'n il sud*cSful operaionn 1i i.as citv,
as well as I'hiladclphi;; its braiches a'e
estailished inl New Orleans anelCinin-trci,
aid various other lIare plies. A-; so0n
as the local banks in .\labm.na. Loii,itma
and Miszissipp i resoine spl-ie paymlenits,
as they unqttustionably . ill itn the course
of a few months, there is no re~ason whfy
this bank may not uhal inl domestic ex
ichang'S extensively, and it tas low rate,
a-, fornerly. \\e hav e it from such tin
thority :I, wee 41,e,1: sainsfisct rs, that thie
greal bulk oii the i operations hi-i-e,w ill rcon.
.i t i da-cnutiii thie de-eriplion of piper.
The other laige bamnks recently comilene
ed in this (it tinder the preseint Iaw i, ant
the great elarier; rantel in Suth "Caro
hut 1"ennessee ainl .ilissisippi, will, bie
ond all Iu(estiotn, sooln be iii opt erution..
AI l t of themt hI lve estabbh. ed it credit in
El'iops ma: n s atiimi1;1 ;be- , tihe: faeilnies
NGli" rert e. , g e/ .e" h.mas will 11i1.1 it I .
'" l 11 .n t u at m1 nomes11tic (,%
:a:;,ts; alt n hich will cre.iie a rivai -.
;:iil a cLertiion il4ut will keep down the
rate of imtern;al exchanges. to a pioilt
((lnivalent to the tralprta L ion of specie.
If the rate ot exehange should rulb on
all parts of the United States at or :boat
ot per tent, as ne tlankiI it i ill, the next
object will lie to fin-ei a dh'-i-iimt of
hi~aik notes~ chat will lbe receiveild hiroughi
out itle 1 -nited. States at pair or a fraction
undeilc- If 1 b is cani het effectced, there will
be no cieid of; a 44ntonal Iank.
WeC are inhlormted that ais soon as the
banks ait cl e Sou..b th hve restuned spei t
Ilaymet, 15 i is the intetioen ofi the pirCeew
I. mied LStalnes ltank to inn a dlesei-iiptoi
eol Ilank noes that shall be- generally I c'*r
reinc lhrughut th401Ile con: itry ,~and I h-t the-.
itill dto this by 1I4;king thiemi p)laable i
toil, Cameinialti, New (Orleatn, and 1per.
lIps oilier pthieces. Itanlk niotes with the
adv .itage ot r-edetation at veais peinesk
and 11.-if d uion thle weVih knoiwn credit zei
solvcyL ofthle Uninced States- IlankL woiuld
wtithoeut qulestiona be. P rceivedl (every n here,
.410 wonal. enjoyv perfecc coinfoletice. -
'Lie ta avelling communit wdl ou' vitld lbe ;e
coicnmadateud, ail every iledivideal wi-sing
ho transunit a hami:ced dLolar bill fromi onl
end of the country to the ot her conl do
so with perfect seur-ity tande without hoss.
Vhbe convemce to the publie wvounb hce
very great, andil the atdvantage to lie batik
itamcensc, ats suchl notes wvouldl ecnjoy Li cir
enlanron pirotnably gre:er than at1 any) pe
raod since its estab.lihment under the old
ebarter. No banlk is so well -sitiuited to
avail itselfei this vailuable cirenlation, as
the Unted $tonecs llnk. Thley have their
branebes and44 aticis alrendv "stalishied,
atnd have ailso a cre.dit made ihat cante he
shiakeni. No tiew hank can compete withl
thiem: in this piarticulnr. for yeaer. *J
p .--- ..ot.~ lie carried '.j9t. as wee
doubt it will beauj a shicart time. iherevl
not4 be 41hac olccasion forl a1 National Bank
whiijh hitherto exe'c.
From the ll'ashinffton Chroniclr.
N1TED MTATl-s AfANK.-It is trutly
laughuable to witness the nuauwuvres of'
the Opiposition relative to the above namned
institution. Durinig the last sessioni of
Conegess, whien the Federalists, believing
te ay was their own, and the Demnocrat
J~uay would be the minority par
~intes Bank was indispensably
for the' husauess wvants of th;- c.
Without it, nothing of 'onisegnience could
be done. The wheels of Government
muSt stop, Commcierce must dwindle into
mnsignificance, che enirrency zjiust consist of
irredecabfle slin-plasters, ihe exchanges
would he thlrown tnto the tmroqt. confu
sion, agriculituro would Ianguishr-tlie work
hng classaes.y'ould scal'er for broad. andex
treme desti ijon, tmisery nnd wvrehIhedness
.would cover the wihole land with motn.
lug. But now, wvonderful inadsd are the
chianies for- the betier. Soon after chie
eleccioti in Mlissouri, Noah dliscover. d that
a Uniitedl States Bank was not of such
Iltam~iotIIit :iotat~tice ti clhe salva tioti of
the coutitry, 1)14 that it tiighc possibly lbe
dhispetnsedl wvith After the; I'lainae ece
tion, all doutbts on the subiect wercuom
ed; and now the w hole ['edera l family i;
cline to agree n ith Im na in opinion.
Surely the victories of the'Demaocrae'v,
have had a quieting efrect even in the eunup
of the Opposition.
We subjoin ext racts fronFederal papers,
corrobortive i of this flet.
a'rmn the Natoual Intlligencer.
EDITOR'S CORRESPONDEaNCE.
Nxtw Yoanc, Oct. 23.
On the subject of a NATIONAL BANK, I
believe. ,) far as my observation now ex.
tends, this commercial city is quiet. We
arc soon to have, in etlect, a National Bank
'nder ebarters from the great Statec of
New York and PennsyIvania,thantterhil
not feel the ored of a Congress chartered
institntion. Wlnt the Riclmond Enqui:
rer will do a ithout this Vii-inia.buge'hr
nof ,its dallicult to foresee. IThe qutestion is
niw not a National Bank andSuh-treasnry,
lar we of the North do not now watt a
Congress-chartered National Bank, but a
Sub-treasury or no Sub-ticnsury.
From the Alexandria Ga-.-t!e, Oct. 29.
We do not wish to be intrusive, but
will the Richmnotl Etquirer h good e
nongh to tell us-the National Bank <its
inn tieimg virunilly shelrrlr-what the IS
.UE now is? The Enquirer has been en
":goied for a iong tinae past, int making utp
issnes-but to no purpose. The settlement
of the hank .question is n }ost "unkind
ent" for "th:Enquirer. '% 1sympathise
with its misfortune in losing so g.sod a friend
-a never failing peg on whit ih to bang a
paralrtph. The I'u:ireri ill perceive
hv the piriet composure, with which the
haig recrivel the new s refi- rel to, th:tr
;as lkok buitn.e. is not sneh a 'lie-ni!
m- t r'J tall," with tarn . .- i' hei Cup
I,%- ad. 'Ihere t" are dee -r iCre-,ts at
stakie than ''Biildlc and lthe bank."
Domiestic News.
IFrom itih- .'onth Ca ,,rolinian.
COV. II tl L E 1'S ll I'PLY.
Vii' conineini tathe atitentionof the rcn
hir, Iie fllolwin ..v e 'lient letter of His
:x"erllen'aY Gov- Blu-r~t.:a. in reply it; the
Paeinion imi behal f sa \':tre A/tvn, itn
vieeid of the iirder of n negro hoy. It
do A hontor. alike to hi-- le.iil. and his heart.
-to his exaliad siattiltn. t'li. atnd hi.; Sile.
if ;here he any abolition slnderet of the
South. nut entirely betond the reach of
shamttc, he i t surely fiel it on reading
the list itarigraph, whicb we are confidert
iu ill find i prom pt and gen-rous response,
Im the boson of every intellitent slave
holer.
W%'e would here say a word on the uh
i'(et of ilahe pardoninr utu r, but must defer
it bor want (If room.
To thy .ii risf of /Richltrl Dist.. S. C.
E-xt:tr-rivi: Or riat:, Cori.: Min-t
October, :3thhi, I.9:N.
The ptition o e.'uirs (itizei, in be
h-if of Nay.;areth Alleta. ciovited of miur
der, ;at the :ill term of the (t'trt of Genter
atl ession, &e. for RiIicll:ind District i.
reel veil.
In exereisin the d-liCte responsibility
r;achled to my1 tfilce, it is : diflicIt but
itnritiave huty to discriminat- ternly be
aeenr a tih' real merits of the eas,-. mavl the
weight z Ii iiersonal tv .;ibal:y alo --h renl
r.... ..i s upon it, .,..... ,,, , , .. .
ti tv rtiatr:it'. T he ' nl i;tii:'v sr t rt .:- t
hi t o~f lthey t ittismers I-tliitil ;d0-r 1 . ii o" n.
ure of Ohw 1-:et". nor e-m: Ih--. tno di,-i. -Ian
irrespon-,ible ir:ty'er fil the Jurqma ni. in mt
jul".-mttnt, he permiited to reves. tle
suletan verdi t of the J:r/. h'lie rna is
uteniaitblyv aar. of adeliet-ate, or rar
wanin~it htoie. T Iha, plta for mterevZ,
i-. theccx e reme yuthI of theaa ov at-al ptril.
itner. The oath cosideiarnaiiiaa. ah lives
weight to tha ii ple, i thelt I aa ho,C i tnod.
metnt inii the futntre enrcer r itan zutnform'ed
atr:aeter, with thde probta iii'-- aof a siali
t ry itmpressatin htin a-co Ii'tt*rady eliee
*tt o a atmdv tnot yet diaraitaed. It will
atlhl to the taillietionts of thea unapptiiy snf
f'erer, lby detnailing the teatur--ofd hais cause,
concla.u-,itn, t ath~o-e c -nsidleratt titns entn.
tao lbe appilie-d tai hitm. Thea ' lws of South
t ':irolina mtaske tno dis~ ttnctioni in cattas of
dlelibIerate tm urdera, wthiether comanmitned ont
a black tman, sir a white tian; atnd neithr
e'nnt I. I am not n la w 'rake-r, but the I'x
acntive Ofic-er of' the law-s areddy mail,:
andI I mu ast noat ac't on a ditncti'n whicht
the Le4gislat ure vatitlht hiate made, andt htas
ntot though t f'at vn make.
Th'lat the cim ofi. wh tlich the prisoner
satanids conxvieavi- was coitinted againt'
otne ol' nit infer'ior graide ini socaiety, is a
renaton l'or bel mseia' l'itlly casutiontsof in
terceplting the just severity of the law.
to us asw~j their protettin as our
adyantg rt rights, itn tregiad to tItem,
are n , re impjerativi, thtant their duties
andi, thu instituutons which, for- wise andl
necessary ends, hav'e rentderedj tem pecn
liarly idependet, ait least pledlge the hawtt
toa be' to thuema, peculiarly, a friend and
Thae prayof the petitioners is not
ECE 1BUTLI:R.
t"r~ ten
Sutndaiyimorningran alairutof' fre was ai
vea, which proved to have taken place in
an out building attnechedl to the pri'mises of
~essrs, Reynolds, Clark & Reynsoldl,
Coneh'l manufncflurers, in Meevtig-street.
The builditngs in which the fire originmed'a
had-not been used for somte dlays, whaich
leads to the beliefihat it was an inceridiary
act. TIhe work shaop, withb all the out 6btilad.
ingr, on the premaises, were entirely coni
~umed', t ogether' with the dlwellintg-haoue of
Mir. John Strultei - m the'adjoitag lot
Thet Theatrewaas iWimnaht dIanger, ans
lhad it not beein for- the ga-eta: exert ions of'
the fire mietn anid c'itikenst. titlst htaivi falletn
a prey to thec dev'ouring elemtet. We
lenan, howverer, that it hats sustaiined hut
trifhiug injury.
T1he loss of' the proiprietors of the coach
establishmient will, it is slated, lie abtlii
2.5,000 dollatrs. oh' wihch only 6,11110 wasa ina
sured. anal thtat was a risk oan thi' stock.
it is taieha to be0 regretteda at these enlter-'
griaimg gen teen have tiett wil tihe a
disaster-, as it is uniderstsid tha~t ihelir estahi
lishmeont was otte ofi atimst cotmphlete ini
the Southern counttry, ansd thereoire the
puilic' will feel the inajurs t hey hatve sits
t amedca, atmo re deep(ly event lhan it intd ividuat
al ierests alo'io wecre conuer-noj w..
r .~
niderstan n l-:, t.at r. SeroheckLer's
hon":e was uninsured, -an( is therefore a to
tal loss 0 that gentle~tmni
SAVAN.N.tt, Nov. 1.
Late Prom F'lorida~t--Iy the steamer
New-York, Capt. Wright, arrived yester
da . f (rom arey'- Fe(rry, we have received
the lollowing from our attentive corres
pondent;
FOrT 1.ta t.t.r:, (l;. 1".) Oct. 30.
11r. Elitor-neuanemying this, I send
y"u a copy ofi, genieral order, announeing
the (iSpi ositin of* thwe troops for the ap
pr(aching cnopnig'n, tasid extracs from
letters received frot two oflicers of great
intelligence.
A lihoug-h G.en. Tavlor feels very confi.
dent th:.t Ie tan brin the war to a close
by negociation, yvt he is unwilling to trust
the wily sava-e; and his arrangements are
being made n ith a view to avail himself
of the assi.,taee oflirce,s hould it he found
necesary.
A letter fron a friend at Tnmpa Bay is
received, givin;, the hest news ever vet re
ceiel; sand his authority is of the highest
value. lie s:sys, ..a n tinher of Tallahns
ses, and Setninohes proper tare here; from
170 to 200). in faitilies. Anutig them is
Enebee-thlocko-. mIIath!a, the prime min
ister of the Tallaiha;ssecs, and the family
of Deh Emmhla, king of that band.
Seve, al it or chiefs tire here; atid a prin
cipal sub chi'efof the Mic;sasnkies: named
Copsa Tustenuggee. was recently in. and
gave a very reasonable and favorabin talk.
lie has since sent mi a runuer. to say, that
h.. the fail of this imIo)', lie will be in,
wih a ;enmber of hils people, not to
out again. Sam J eser' is very sick, and
perhapilis by this iii. dead :te,4 Isi, f:ro
p1-' ore on their n asv to this place. (Ta pa)
- I- sent in a runie:r to Cot,., (A llig;ator's
step son,) to say. th-t hte would smake a
lar;;e fire down the b:y, when Corz must
:: n asstnd meet hitn atd then escort him
in lee're- Should Sat J -nes come in, or
utie.:he lotn-e :gsny is over. You perhaps
know, that I have never heen sangnime;
perhaps less so ihan arny oflicer in Florida;
ut I now think matters more favorahle
than they have ever been before. and
I cronfidelently ex pect t see most of all rhos-o
now outi, on binard shilp, perhaps earlier
thim March or April.
The above is highly gratifying to Gen.
crnlT:eylor, nnd ctlnfirms all his favorable
anticipations of tahe early settlement of this
irtlernsal war, I lejias siee.eeded is ship
pili, everv onme olfthe A palechicola Imiians,
(ahsmi 2,0t -a.y 111 warriors) ani thit is a
lost imipi lOant lii Ioint gained. It wrill have
a very strong itlltmesnce on the main point.
ea. Taylor's gr;anl talk, aecording to all
Snrr;angenctits. is to tae pilace at 'Tam
pa Bay, on the tlh November.
Fromthe Ch('/arklston errury, Nor. ..
So-rns Wt.:s-rt:zN I im. loati BANK.
W-" unders'tand tih t on elon tiig the lioks
ye,terd,- v it :'-f 'eau d /-at ti ir, . kren
thou.aer", S rIers i.eel been stlsc'riled ihr
in this (yit Ju't befire the elosing ofshe
limoik. th. P'resient substribe-d its hehialf
of the B til BIo:ad Coupany, for as man amy
Share'' in the lank, as the Company may
>e entitled to. inl right of the 6hammres torfei
s-d tnr nitoin-ity mi.ent of the 'sd instalment.
This tt:einstre. 16 p1h the :de; of the State
!ton, will e .. capait to ,irt
;im itk. cital to the ull t;imnomii of the sub
seripiiti t;e the lRoad in Sousth Carolina.
l1y .s -erine for tih- lii ICioad Company,
-"rk i'm 'ie It.an1k. in righr of the forlaited
Sarie, te sne oft their stock n% ill Ito
pe:aily enh a:mreed, while the Cotmptny
v, ill hia e t ms t hieir Ipower' to) wihtiit those
s-tock'bill r. m ~ coeit in herealier, wh'io,
'rssm .mh' !s.* e-r oilier ennmsses, may have
hoae-m- frosm securing Shares ini
lth.e i.k. IIelog thmese Shares for the -
caommoint beici tI time Conmjtnyv imny use
thet, sot as greatly to pronmee the. com-.
moon bje ci. Thme folhmeht- : . statemet
pr.,-strus a view of'the pres~:ube state of.rlme
-c '-vripetionm iin Seouth * -:erslinam. The
eii subscri ption to th li -tcd in Chmarlees
? n' was, sin romsd insumbrs;
15,0(00 Shares
Th'Ie Stockhmoldlerr.in the Charlestoni
and 11a~mbhurg itail Road were
etiitledl to 20,000"
M aking 35,000)
There hav~e beeni stteseribed is abhove
27,(000:
Iseavinie about S000 to be takeni up b'y the
finai lioad Compamny.
lThe whole aimnn t ofs lie subiscriptioni in
this City beinmg as abiove staited, :35 000
teomy assmie the subscriptioni isn
the rest eof thle Stalte, at I15.000(
(s lie emirinal be'ingr ablio 20),(hit) *.1.000
Tio wieb,'h if the Sttet subscreiiptioni
be adeded, 10.000
Wae s hewe subcribdl teo time
Ilanik in Sejuthd Caroelinn, c aboust 50,000)
-ihares. nt aumouitnt whmich haen 2reamtly -
'xeeed, outr meost sainguinme expec'ttus
The originnai subseriptione to the Roetad in
South Caroilina, was bot fhr 35.000 Sharos.
it will lie seens, fromsithe tabove, that in
sieade of editininishings it has been increaesed
:sy thme patr'nageoof the State, and the jn
diciosne measures atdspted for the promo
tion oif the Work. to 50.000, heing an in
eI e-oTr15.0)) Shares. Every Share in
the Bank is repmesenmed biy a corresponding
Shsare in the floadh.
Thomtas lButle'r King.-We dlesire on
ly to coirret te' mtistaske relative' tos tho
residence rof the S'eniator from Glyn.
PTe latmnner pub'.'islihed at A4thsene, states
unfafirly, thamt Mar. Kinie resides ini ('nn
den County. Snieh, is nt time fui. ie
owns n planimtat ion t here, limt his wrinser
residletnce is onm St Si mon's [slandt, inmGlymmn
whlt his sutmimiers .ecspentr upon time
Sande tilills. imi Wayne. Tepepeo .
lynmn amre Iio h1 'ties f. thiis mat
ltr. ns w'ell nta r iety of' sending
whoseei t oe i represenat them
itn the State Senam~ r. King received
the untasnonts v'ote of his C"ounety for'oothm
olliees-nnd thme dhuti'es of' his stations in the
State Legishctrnre. wsill not imnterfe're w'ithi
itmse of' his othier esfice. ns lie will not: ake
his sent tuntil the 4''' of Marchm next, nor
eafter upgn his duaties in Comngr'es, sumitil the
atuimn following--Columbus E~ng.
M'ar. King is not inieligibile to the oflice of'
Stam te Semnator s lisle mtembeir elect siC the
2tiiih Congr'e.s. For this assertioni, we leave
th.ee siion tof hsval genttlemecn of thme lhih.
est stundie;-.-rnsu'ick~c~ .ldroc'at.
4