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COMMUNICATIOT. For the Advertiser. TO THE PEOPLE OF EDGEFIELD DISTRICT. The discussion that has arisen, in refer enco to the Bank of the State of South Carolina, puts in qiestion the policy and expediency of such an Institution. This is manifesdy the real issue presented. The propriety of requiring and publishing an annual report of the debts due the Bank by its Officers and Directors, and by the members of both branches of the Legisla ture, has proved to be a question, but in troductory to the other and more important inquiry. I frankly avow myself as op, posed to the policy of the State's hating a Bank of her own. Every seh league or connection, I believe to he fraught with mischief. Why is it, that we justify the imposition of taxes by the State and are content to pay them ? It is, that the Government may be upheld, the law of the land enforecd, and each citizen be thereby protected in the enjoyment of his rights of person and property. The mo tmrllt rte make any other disposition of the proceeds of thcse taxes, than their direct and imnedi:.te application to the support oi' the Goveronteut and the nintenance of the law, that mnonent, as I conceive, 'ye begin to tread upon dangerous ground. It is all times unsafe to create a State inurest of any duration.-wltether in the tori of a Bank or, in any other guise, distiuct from the intereut of tho- citizens of the State. ' is still more objec:ionabple when such anl interest comes into conipei tiuu with the people as itdividuals, im the ordinary business and comtnoo purstuts of life. in no aspect, 1 apprehend, can the real interests of the people be promoted by such an Institution. If it prove a losing; busi ness pecuniarily, then it is an unmitigated evil. But if it were detmonstratjle, :hat throngit its agency enormons profits w ould he made. and a ind accumulated sullicient to r'.eve the people from State taxes alto gctter, even ,nen, I naint in, it would l,rove most mischievous. It wonid we*u ikeu --in ei.ect. remove, the direct depend Otce Vf the State &vertitttir upon the people, resulting frun their h htily contributing the supplies necessary to. its support. It would lull the people into an apathy and indifferenco to publie measures more profound, than that at pres- -t pre vailiug among theta-an apathy fron which they are now only fa'ntly and tran siently aroused by the annual visits of the tax gatherer. In all its consequences tim .mediato as .vell as remote, it would prove the prolific source of evils innutmierable. No were pecuniary advantage can com, pensate for the ill consequences invariably flowing from the violation of a sound p0 liticai principle. But perhaps the most formidable of all the objections to a State Bank remains yet to be urged. Frorn toe very nature of the-operations of a Bank-the manage ment of the fund entrusted to it as its capi tal, caunot be properly understood and appreciated by the people at large. -Ex cept in cases of he grossest inisitanage meat, even an a nual publicationo daitmes ~i iI ites of ?all 1iie , ' woumhsc-rcAAesuliI@e-Wo DIVA rt.rnui sl would asil, its policy might t "l eyes tioned. The friends of the present B3aus of the Stati with one voice, protest antd with reason against such a publicatton.as niterly destructive to the successful opera' tion ot the Institution. If, however, the peopjle must, of necessity, remain in agno r-ance of the dspositin and manaugemnent of the public nfiney confided to the B ank, then are they practically diveued of all power eifectually, to aegulate or conatroi it. For, ho.w can they correct abauses, ir they are not permitted to perceive themt ? And wha' bncomtes of the accountability of the Bank Officers nad Ditrectors, if tney ;are cor.'aled iotm the public eye ? Such ani Iistittttion would smeem to be at war withl every sound principile of popuilar govern mient. The Batnk of thie State, I am of opin. ion, is obnoxious to each and all oif these objecti-ns; acd as it ought never to have beetn established, its Gbarter ought never to be renewed. I content myself with ihis hmrried and imnperfeec soummIary of the grotunds of muy opinilon upon this iunportan t question. If the Batik of the Stmle as to comtinue there are many and powerful reasons lior requiring to be niade and puhhilshed, an nnuual report of the debts die to) ihe bank,1 by its Officers and Diteetors, and by 11he members of both branches of the Legibla tore, it most be bornte in mind, that the Bank and its capital are exclusive'ly the property of the State. VTo public mao neys to the amount of miillions aie etn trotted to ts custo-ly andu conitrol. and as by the terms of i's Charter, the faith ol te State is plodged lor the redemnptiot) of is ills. the Wunk is thereby~ inve~'eed withi the dangerous faceulty of increasing the public debt to anm untimitedl ama'unt. Ilence it is of the highest moment thait its allairs be honestly anid ably adintistered. All co nsiderate mien, it wouild seemt, muatst agreo that every posiilde safeguiard against abuse, where the tenmptations to abuse are so potent, and its cotnsequences mighglt prove so disastrous, if not unierly itnconsis'ent with the existence of 'he Batik, should be at once interposed. The course that has beena suggested of antnually publishing a list of the names and liabilities of the Batik O00icers and Directors and of the members of the Legislature, is recoi mended by most obvious considerations, It proceedis upon~t ihe ground, thai as these persons by reason if their official posi (ions, possess faiciliu'es for obtaining loans above their fellow citizens, and beyond their owni pecuniary respornsibility, iliere are special reasons for apprehending ini respect to them, acts of favoritismi, and~ mnismanagemenit on the part of the Bang. That such apprehensions in regard to its Directors, are ntot without foiunidation, is demonstrated by the recordled history o: that corporation. As early as 1825, aind as lato as 1847, the fact wa announced in the reporis of the examininig Commit tees of those years, that losses to the Ba nk wvere more apt to occur from its Direciors ihant from any ('(her class of its customoe. Indeed in the report of the former year, it iq stated, that "far the greater portion of e lossesan nsusainerd by the RBrans. colmb traced to them." In the Report of_147, it is said, that "the State pays no money to these gentlemen (the Directors) for their services, and it must always be understood. that the Candidate for a Director's place, can be seeking nothing in the attainment of this office. than pecuniary facilities of some sort." And the Committee for remedy of the evil. gravely suggest the despairing expedient of making changes in the direc. tion but rarely, because say they, "every new direction, becomes a new borrower." In the Report of the Investigating Com mittee for 1843, the aggregate of the debts lost to the Bank up to the lst October of that year, is set down at $490,486 92 cis., and of this amount it is stated, that the Bank lost by its Directors. $183,768 72cts. From the 1st October 1843 to the 1st Oc tober 1847, there were added to the losses of the Bank, $S8.6&5 36 ets.. $25.000 of which are reported to have been ocea sinned by the delinquency of one of the Directors. On the day last mentioned, the losses of the Bank wore in the aggre gate $57:.072 28. and the sum total of the debts of the Directors lost to the Bank amounted to $20,768 92 ets. When to tbis, it is added, that the liabilities of the President and Directors of the Bank and its Branches were reported to the Legisla ttre at its last Session as amounting to $765,000, a sum equal to two-thirds of the original Bank capital, it would seem that the necessity for some more ef'ective nremedy than at present exists, was fully and indisputably established. But it is most manifest, that the Members of the Legislature stand in the same category with 'he Presider.t and Directors of the Bank and its Branches. True it is, they have no seat at the Boards, and can not vote directly to lend money to themselves. They however annually elect the Presi dent and Directors of the Bank, all of whom are re-eligible. They exercise a superintending and visitorial power over them. They may at any moment, ditmin ish or add to the capital of the Bank, and en'artc or abridge the power and infuence of its Directors. Through them it is, that the Batik and all its functionaries live and hav their being. It would be preposter ous to denv. that a Representative of scanty means, but of abundant personal influence, must possess facilities in borrow ing from tIe -a':k, incomparably greater than those etnjoy ed r'y his fellow citizens nott of office, though of equal pecuniary respnnihility. In 1839. the Legislature by joint resolu tion rf both Houses, required that a private Report should be anuu'tlly made to that body of the debts duo the Bank by its several Directors. I have the authority of the last examin ing Committee for saying, that these pri veto Reports have not accomplished their object. Will the .publication of such a Report, embracing also, the names and liabilities of the Mcnbers of both Branch es of the Legislature, prove more effica cious? I have come to the conclusion, that such publication ought to be made. It would deter the Bank Officers and Directors and the Members of the Legislaftre from seekin and' the Bank from air y-warrant. it would s, ellect, because the Dietr oi m that such njustiftabl'e acts woula 'iespe i ly .exposed to the publlic eye, and would subject all concerned iu them, to severe and unsparing censure. In respect to the Members of the Legislature, its operation would be especially salutary. As they shoold not be permitted by their oflcial positions, to exert an undue itdluence over the Bantk, so also, it is of equal, indeed of greater itmportance, that the Bank be rnot allow'.ed to exercise anty soch control over tnumo. To ptut ito str-unger- examnple,-a Reptresentativo may be indebted so largely to the Banik, that his ability to iretain for hims~elf antd family, all their accustorned comtforts and enjoymenits may be entirely de'pentdent uponi the forbearance of its Dihectors. In titat event he coultl be searcely regarded as free to consider ong, the public inieresi in any mneasure involv ing the curtuilrment of the issues of the Batnk, the collection of its debts, or the daiuution in any mode of' its capital, or manel. '1Tius situated (hinself perhaps, unactnscius of the indluence) it wvould prv comparatively easy to stimulate ham inito becoing . the ardent and energetic champion of tho Bank, forgetful of' the putbfie gotod. A disclosure of his pecu ntiary relations with that corp~orationi wouldI arrest him in his course. It would deprive him of the moral indfuence that lie might otherwise wield. It would at least enable his constituenicy to decide uniderstaindingly, how far his dependetnce uponi the Bintk consisted with ibe dischare of fits duties to them. In respect to the other Officers of the Bank anti its Bratich es. for reasonts that will readily suggest themselves, the samte line of policy should be ptursuedl. Thu liprioposed publication of narbesanid liabilities, should however be prospective only. This is demtanded by the spirit, if not by the letter of the Bank Charter, or at tall evets by the implied understanditng that must be supposed to have existed, when the debts stew subsisting were iuenrred. It is not as a mode of pish. mntnt but as a means of preseruataan that thie mteasuro recomtmends itself' to tmo. The losses sustained by the Bank through its Directors have beeni referred to as illus trative of' the inevitable evils arising fromo irresponsible power to whatever hands comtmitted, and as proof of the necessity of additionial saleguarlis, but with no view to assail these gentlemen. Whatever may have beeni their errors, I amn not aware that their personiaf honoer has ever been impugned, one of the former Directors eoily excpted. The objection, that the measure suggested, is founded upon-an unwotrthy distrust of the Bank Officers, and Directors. and of the Memberseof the ILegislature is devoid of force. Is has been wveil said, that in these matters the peo ple Lake nothking upon trust, Such are my opmtions. I will net say that I uam impenetrable to-all reason and argument thamt cati be urged in opposition to t hem, anid that in no possible conjuncture Iof' circumstances, can I ever -be induced to review them. But as they have- not been h astily eanor aced, so neither will they be lightly abandoned. For dae SIi. EDITOR, Some citizens of the Distri ae de sired me, as a Candidate for tl4ouse of Representatives, to publish t.vis cou cerning tbe'.Baok of tafe'Saae Iviill inglyn make such expositiof ~ri.regard as well- to frankness on my parr as to the intelligent exercise of the rigbtbof suffragr by the people. My opinionesin>(his-sub ject have been formed carefail,, ,vithout known hias, and are not likely to be mate rially changed; still it may happen, to one so conscious of defective infdrtiumiion and infirmity of judgment, that tore mature deliberation and consultation may produce some modification of these opinions. To make an absolute pledge to support a particular measure, notwithstanding any change of circumstances or convictions, seems to be inconsistent with the scheme of a representative republic, and particu larly with the usefulness and independence of the representative. The'" ople best guard their interests, by selecting for re presentatives men of judgment, that will not yield to insufficient reasd and of probity, that will not yield froh tiproper motives. The great issue concerningtie"Bank, is upon its re-charter; and my opinion, on general principles of political phiTosophy, and whatever may have been the past management of the Bank, is'decidedly a gainst the re-charter. The eivrience of the Federal Government and of other States in the Union, denouncesube policy of government banks. Suchlikatitutions improperly interfere with private mercan tile pursuits, stimulate the government to indebtedness, conceal from the. jogle their burdens in sustaining govern T ile a way their customers from oco ri ad in dustry by delusive show of r ntites of pressure, and are apt to be. pe politi cal engines, controlling the whole affairs of the State. The existing charter of our Bank will expire in 1856, after an exis tence of forty three years; andoiindepen dently of all general objections, it would he prudent, after such a lapse of titne, to wind up the co:cern, and ascertain itspracticatl workings. I think it would not beprema ture fur the Legislature, at the nextSessiomn, to express by resolution the determination not to re-charter the Bank; that, the Di rectors may gradually prepare for.the dis solution, and tIat the creditorsof-lieiState, the debtors oftthe Hank, and allconcerned. may have such timely notice as will pre vent misconception and clamor. Such a resolution would not hind future Legisla tures, but if such an expresion-4 optiion can he once obtained, there uecd bejittle apprehension-of its retraction. A, rapt expression of the determinaton orfjje Le gislature- not to re-charter thea0m is proper, too, to countervail the iutirmation of a contrary purpose in the Leg sIature in some of the Acts of Assem yespecial ly the Fire loan Act. This iatiiadi, as a matter of legislation, no morebijds suc ceeding Legislatures, titan anrttinmation not to recharter thei;'ank, ivotll' bind That th'ero has been a'pledge d6 ile part of the State, amounting to a contract with foreign- creditors, that the Bao.- should exist until thecdebis!are * .til ion: for tl ' . t,' -ion, and apparently in actual ...1!:'." that the charter would xpire to 1856, and ~that thegrin ofegeart .and. the mondfi~atileie e~is.tog .c tergwere witijib therot he egisti o,authori ty.' suji ieT iz'editors. hien .rhese dehts N contraced, lookl ~ paymient to th lieT~iii~eani e Sate, rat her than to~tiie ensualtiy that iii's ttdsswero then admniristrered by~ the Banky . I am not, however,-one ol'thise, if there be any such, who Would b'ring the Bank to abrupt aind prernatutre termn*ation1, and thus pu in jeopardy the furids d' the State in the custody of the Bank. afid produce great distress among the Batik debtors. The moderare antd prtudent- co'urse is to leave the Bank te run-out its!-chartercd term, under the general mnana emnent of the Directors, upotn their resjrAibility to the Legislature and the peoplegradually preparinig foir its end, by purcha ing in the public debt, anad rmaking collections from its own debtors. If the fundl'e the State etrusted to the Bank be secure, the ex: tinction of the Bank wouldtnot i~volve the ncesity of increased taxes on thc people, for these funds are adequate to piy orpr chase all the debts owed by th4 Stre It has been practicable in all pajt timle, to buty the foreign debt under par' and tno serous diffitdty in getting- it er esr, nteedl e anticipated for the future. If the credi ors, however, should1 re'fuse to receive payment itn advance, the funldsof.,fhe State mtight be safely invested in stock. bearinig inerest. It may be, that after the Bank ceases, some liscal agency must 4'e substi tuted for the custody and mnanagenmetnt of the funds of the State, but I thinli a Bank, with authority to make loans a'pd issue ills, can neyer be necessary. Fiomn the Rieports made to the.Legisla tre by the Directors of the Bank, the Comptroller General atnd the Committees of Inspection, I trust that the assets of t he State are still safo in the Bank. I have no such knowledlge in the matter, as au-, mtoize~s me to decry its past management so far as the safety of the funds is concern, ed. Yet the large amount of' loss appear ing in the profit attd loss accout, the un due prop)ortion of this loss from the debts of' Directors, and the extragant aggre gate of the existing debts toithe Bank from its Directors and Ohlicers, justify and. require the most rigid atnd searrbing scria tiny into its management. The mystery alleged to be proper about the affairs ?f a Bank, f'urnishes a strong argumert against such an Institution .onAhe part of the State ; but if such a Bank be chartered, its wvhole opetration -and management. especially as to this mystery, must be ma' trilly modified, by* the fact, that it is the Bank of the State. Much greater pub. licity of its proceedings should be giveni, than in private Banks. The~Bank is .the real Treasuryof the. State, receeiving the taxes, lending the money, atnd disbursing ibe appropriations-of:the State; and the people ought to have the mets of. know-. ing whether thee duttek 'favebeeh sktll famlly sod faithfully discharged. The tixed people are thertrue-'tieficiaries of the Bank, and thio Diretors primarily, and the Members of..the.Logislature,. who keep the .keepers, are but Trustees; and, we heard frequetntly, during the late term ..f onr ounr of Equity, tan Trustens should'aetount annually. I think that the liabilities of Directors and.Oficers of tIhe Bank and of Members of the Legisla tare. to the Bank. should be ascertained. and anuoally publhecd. I have no reason to suppose that the debts of this description. have been incurred through corrupt mis management, or that they are nore inse cure than other debts to the Bank; but it i. mainly with reference to the question of re charter, that I would resort to such publiction. The people ought to know how far the opimsons of those who tdmin ister their affairs, mny lie biassed by inter est. We may yicll to the rea.soning. but we ivill not much deter to the authority of the advocate. asser'ing his own eeparaw interest. The evils prognosticaied frm:. such a publication. that good Directory will be drivun from th Baink. aid worth,. Members from the Legislature, I helis.:r to he greatly exaggerated. Men in 'hey stutions, whose debts are within their means, will be indifferent to the notorien oif their indebtedness. The Charter as it has been practically construed, and good faith to those who have contracted such debts under a different arrangement, may require that such publication should not he retrospective; but the Charter is within the power of the Legislature, and fair dealing oilers no impediment to such a change for the future. F. H. W A RDLAW. June 20th, 1848. For the Adecrtiser. ERROR REFUTED. Mr. Editor-In your paper of last week appeared another article signed "Vox Populi." One who writes for the Press. and oflers to instruct the people. should be fully and correctly imformed upon his snb jeet, otherwise he misleads theta. "If the 1 blind lead the blind, both shall fall in the ditch," Now "Vox Populi" says "nahout the year 1824 the L.gislature appointed a Committee of Inspuctio, to examine mi nutely the affair. and situation of the Bank, and report to the Legislature the result thereof. This regulation indic tes an honest disposition to keep the State fully advised of the management and antuation of the Bank ; and if its spirit and policy had been carried into practical operation, the present jealous opposition to our Bank would never have been superinduced. &c. In this statement "Vox Populi" is entirely correct, as to the provisinns of 1824. That the people may read it. I quote verbatim from the act of the Legislature, beginnirg with the second section and going through the whole act. The act is entitled -- An Act to amend ine Charter o the Bank of the :tat'! of Soutth-Carohna." Section 2-.-" And lie it further enacted by the authority aforesaid ; That it shall be the duty of the several committees. with the Comptroller General,-to examine minutely into the affairs and situation of the principal Bank and its branches, for wfhich they are respectively appointed, and to ireport to the Legislature, at their next Session, the result thereof, and particularly all mismanagement in the atFairs of the said Bank or its branches if any)such have occurred." SSectii 3d.- And' 'e et-' cas e hi C omi rol er ujd ntiot atie Ioi anty of the inrs a tauiiur izedl by this sact, the said43oa0 iuifee or-a majority of- each,' shall bedman they -are h'ereby aufrhorized- to make such--invesui. gitionin the absence of the Comptroller Genera I''-" - Section 4th.-"And be it further enact ed by thie-authority- aforesatid, that all clauses, or parissof clauses in any act of the General Assembly of this State, which may prohibit the said C'omnmillee anfd thec Comptroller General .from investigafing fully the books. accounis, and other dlocu meals of the'said Ba's/ os its branches, be and t he same are hereby repenaled." Thia is the wise provision referreud to by " Visx Populi." But thait writer, appears to) labor uniler the declusion that said Act of 1524, was either rep~ealed, or was so mnus.ilated by provisio)ns, as to have lost its virtue. It is entirelv a mnisa pprehetnsion. 'lThat Act is nton in lull force unshorn of a particle of its beanty-andl gives lull pouer to Costonit tees so examtioe all thme boosks andI every account and docutnent of the Bnnmtt' whether of otlieers, privtt individuals or any per-on. lltere is the languiage of "'Vnx Pospuli" as follows: " For feir the Con mittee of Inispecitti aippoimiedl ins .182 I (I susptos' Ite means not omsly that pa~rtieu lar Coin mittes' sppoint.:d its /hat year hut all Commrittees appoinoted tinder aumbority of the Act of I824) ;mtght, reveal sosie fact calculated to. ispleasntt' thu people, not wound tao feelings andi iteresis of some of the Gorman Bun/c Offiers, the lnogisla tore as eairly as 1327, added a very tmate rial proviso, to the dutties of the exatmininog Comimittee whicht is as follows, "provided nevertheless, that there s/hall be no examiina ion or scrutiny of indindual accounts5." Here "Vox Popubs" stops bl-fore tue son tenco is concluded ; he sutppressed a part f it--That other little line l-ft (ot, pro videdi expressly for the exannasion of accounts of those "Gorman Bankc Ofccra" as he writes it. Ar'd before quoting it in full, let me remark-that the Act of 1827, was not passed as an amendmtent to the Charter of the Bunk of the State as such. but was An Act to admit and incurpiora te private Stockhlders in the Bank of tihe Sate of South Carolina." I quitl. t he Title of tihe Act. It wats an Act ti imiduce private capitalists to take Stock in the Bank ol the State. AndI while the Legis lature claimed the power of eixamininig at all times into the general condition ofn the ne Bank by said Act, to be established. it exetmpied as an inducement to) private capitalists, the examinatimn of "todividlual acounts" but expressly reserved the right to examine the accounts .of the Officers of the Banc. I will give you the vifnole sc ion of the Act of 1827, containiog the proiso-See Section 0. in those words "AndI be it- further enacted. That the Le gislature shall have the power of examin. ing t any an~d all titaes, into the concerns of the Bank hereby established; And it shall be- the ditty of the Ollicers of the Batnk to facilisate such examination. Pro. Yifled nievertheless, there shall be no eamination'-or serutirny of indiviuln acconts saingand excepttng the ac counts. f shOojiera of the same." T he words ttalicised' were left out by "Vox P'rff" ex pressly subjects the ac on. Itn n nnnmn~n 's writer could not have had the Act before him, for he scarcely would wilfully sup press a part of the truth. In morals it is :ontended, that a suppression of the truth 9 equvalent often to lie attetiarce of a [alsphood. I cannot believe for a mtomufent, htowever, such was the daign of "Veax Populi." If the result of haste or igto r:mace, he should he more careful hereafter wihen he undertakes to instruct the people. l'his remark is made likewise ei-h refer yuce to the impression conveyed by -Vox Populi" that the Act of 1827 is sill in force. It is not. in force-it was repealed ong ago. As I said befire, it was merely 1t1 Act to induce private capitalists to take 'ock in the Batik of the State; it foiied o to so, and the very next year 1828 was tpealed. The following is the repealing art. --Be it enacted by the Senate andi l..use of Reiresentatives, now met atl .-iting in General A-senhly, and by the uthority of the same. That an Act of ssembly, passed on the nineteenth day of December, one thousand eight hundred nd twenty seven, entitled --An Act to ad nit, and incorporate private Stockholders n the Bank of the State of South Caro ina be, and the same is hereby repealed. There are five things manifest 1. That '-Vox Populi" is in error. 2. That "Vox Populi" only published part of the Proviso of the Act of 1827, and that part left out was the conclusion of z stetence. 3. That the Proviso of 1827 wvas no -epaal of the Act of 1S24, and that said Proviso did not survive twelve months, seing repealed in 1828. 4. That the Act of 1824 is in lull force ind virtue. 5. That --Vox Populi" must still main atn the opinion expressed in his article, hat too Act of 1824 ''indicated an honest lispasriot to k~eep the State fully advised f the nanagement and situation of her Bauk." F - IR PLAY. Jtne 20th, 1818. For the Advertiser. IIA3MBURG, S. C., June IS:un, 148. Mr. Idi or:-l have noticed an article n the last number of the Advertiser, over he signature A Bank Serf-in which I in charged with many sayings respecting he Bank of the State, Voter and I desire or your readers to know, what I actually lid say. Will you therefore be pleased to give the article as corrected, with tins note place in the columns of the Advertiser. By so doing, you wiil mucn obiige. Yours most r, spectfully. HIENRY aULtTZ. Mr. 1litor.--I see by the llamburg Jurnal, that an attempt to assail the credit i the Bar~k of the State of South Caratina s on Toot. 1 am well satisfied that the managers of that Itstitution are fully able to repel any.slander directed against them is individuals, or against that lustitution, were they to condescend to such a- course. out such a mode would be incomupatibe with their dignity. It is' made -the duty if those Managers to render an ac'oun' rnay'be fabricated; But it grieves nie.tt tee that the Journal' has permitted itself t be drawn into the ranks of the assail nts. [Howdver.- af it has got into bad :omtpany~ it tmust abide the result of its ate. Toc assail the credit-of th::t Bank why yun assail the credlit of tnhe State of Sutth Carialtna. The State is its capital, ind the people of the whole State its Diarec ors, atnd every hill of that Batik m':ay lie reuaied as specie, if there wats not one Jollat of gold or silver in its vaults. Look rt the individual despaosites. fromn 6 to 70.00. Does that look like confidence was wamting ? Not so with those common Banks. G3old atd silver is their capital. When that is gone thte Bank is gone. Say here are the Srcckholders, and pray sir, wo are those Stuckhoaldears. And thten here comes a mnan wvho signs hitmself a Voter. Cull him a responsible anu if you please, lie is bait one mani, antd but one tout of 70,000 voters. and attempilts to iuerrog;aie Candidates to the nest Legis laure, vs :o what they will say atnd what hy will dao, prov ideal t hey are honored with na mnembaershaip. Here next caomes a man, who sitgns htimuse.ll Mlanay Voiuers, io the amae Itutne to itO rrogatte. Whaat a iarce! Whoi are all these Manuty Votets?1 Is it the Cushier of' the Haaibnirg Bank, soe of its Directars, and a few individuals about iwnt. Thieret is onen grave .suject in poinit. whlich I feel it to be niy dtuty at this imue to menttiotn. and thuat is this. I ;tui the fio uder and the builer of this own, 1Hiambunrg, and to rear up a town iin the face of : gre'at city, ini defiuanc~e of all the iowert aof nmen anid money of that city, anal take from them their busitness anad comerce was no small miatier. To say that I dlone this great work wvnhout help frnom sotmewhere would be false. I applied ' the Legi-dature of the State of Sotuthi Carlinta lor aitd. hi was gratetd. I ap ietd tn tie Biank tif the State of Sau i-. Cuaroina, it was also granted ; and the onl Bank it) the whole State that has ever niforded mne any aid or relief what ever it) the amount of a dollar from that time to the piresent day, aexcept the Comn rercial Bank of Cilttmbia, which granted to a smnall atmotnnt onie time, and I have candair caiorghi to say that without the aid rom the State tand Iromn the Bank of the State at thte time they were grated Ilam ~urg would hbe now wvhat it was 28 years ago, a dismal swamp and tno Banik, and no terchtants. and no newspaper, andu uo voter wonuldl be here. But with that eidl it ins becomne what it now is. a prospieronts own, with a receipt ol fromn 60 to 70 000 ba!es of Caotton a year. A pallar tat ahe State, anal a home where those very vters. thoseo lbankers, those merchants, ad those newspapers atnd writers do now make and eat their daily bread. You shalt hear from me again. lJENRY' SrrULz. H amburg, Mlay 30th, 1818. It issnidl Gen. llEaI:aA has resigntedl he office of Prsidentt. hut his resigniatio~n would not he aecepted by the Mexican COngrss. It wais thought. however. that le wonlal rersisr. and PaAzA, ELAa RAcA. 1). Lots CUEA~a, anda others. was apotten of as the candiattes foar a Provis ional Presidenat. Il health is thie cause ;ss.igne o the resignation of lEErRAa.. 'e antcrtiger. EDGEFIELD C. H. WEDNESDAV. JUNE 28, 1848. RELIGIOUS NOTICE. We are requested to say, that a three d:tys' meeting will be held in the Metho dist Church at this place, commencing on Friday the 30th of June, and embracing, the first Sabbath in July. The attention of the reader is respectful ly called to the Address of B. C. Yancy, Esq. to the Voters of Edgefield District, it will he found on the first page of to day's paper. Our Correspondents.-Our paper to-day is occupied, to a considerable extent, with the communications of our correspondents. In consequence of the number of commu nications on hand, some are necessarily postponed. We have excluded much se lected matter, to accdmmodate as many as we could. We are indebted to the lion. Mr. Sims for a pamphlet copy of the life of Getierals Cass and Butler. We are also indebted' to the Hons. J. C. Calhoun, A. P. Butler' and A. Burt, for various public documents. Warm Weather.- For some days during. the past week, the weather was quite warm, the thermometer -reaching nearly to ninety in the shade. Fourth of July excursion to '1harleston. A special train iill leave Hamburg on the 3rd of July, and a return ta tn will leave.. Charleston on the 5th and . Fare for the trip. 82.- childron and servants half price. We notice this for the accommo dation of some who may i% h to embrace so favorable an opportunity for visiting Charleston, during the great Temperance:;: celebration. The excursiou doubtless, will. - be a pleasant one. The Washington Correspondence of the Charleston Courier, of the 19th inst..says, "-The indisposition of Mr. Speaker Wtn&: THItoP still continuing, the House by re solution appointed Mr. BahT as S.peaker pro tein flora wee, or .unt ih iie k - could fesume tie hair .Tii poi ' ment is co - hina delegation, an o inte nde ? t w hi s,'as 1 learn from some of them. M3r. ioLMuEs, as I am informed, was fist look-. ed, for yesterday, but he was absent from indisposition. anid Mr. - BURTi was select ed. M'r. Br discha;red the duties of the Chtair with great propriety." b'ire in Nrfolk, Va. -A Gire recently broke out in Norfolk and destroyed proper. ty to a large amount. The entire loss, in both real and personal estates, is said to be about $191,500. The fire was the act of an incendiary. Alexico.-General H is elected President of Mexico. It seemns that cer tain citizents who favored or even wihere thought to be favorable to the Americns in their recent possession of the country, are already persecuted. General Sa.uta. Anina, it is believed, will return to the country. In all probability, that unfortu nate country will again he the theatre of revolution. New Republic in Mexico. -Accord ing to the Newv Orleuans Delta it seemrs. that a powerful and intelligent party in Mexico, have a schteme on foot, to organize a new Rcpubbec. to he called the " Republic of Sierra M~adre." It will embruee the Siates of Tumnaulipas, New Leon. part of Vera Crtuz. Putebla and such other States asstnay be dtsposed to joini. Tlime will show what will be the result of this new movemntt. Struck By .ightning-The Laurcus ville loerald ot2.9di inst says. "Duritig the thunder storttm ofrTuesday I ast,the house re, cently occupied by Mr. Kennedy, situated on th~e pi blic square was sturek by lightn iug, and onte cortner of it much injuted. It was a fortunate circnmnstance that~the house was uuoccupied, for so great was the force of the concussiotn, that the shock threw down three latdies in an adjoining tenetmei; none of whom we are pleased to addl were injutred, though much alarmed." Extract of a Letter to thu Editor dated. HIGGiNs' FEaRR. S. C.., Junie 21st, 1S18. Mr. Editor,-I have either read it somiewhe're or it has been told to me by some body. that the Mormons are in. search of the centre of the globe. They, believe that it is a duty enjoined upon themu by P'rovidence, to build a city plump utpon that spot. T'hey thought that they bad found it ir, Ilibnois, where they built. the fnmus city, Nauvoo; hut having been. exp~ellh-d thence by their n~eigi-bors, they. cam'e to the conclusin, that that wasnot the spot. otherwise Pro~vidence would not htavn suffered them :10 be driven ot. Theorefore they renewed the search, and after many trials and much suil'eritng, they have arrived at Youta or Salt Laice in the