Historical Newspapers of South Carolina

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Utlwccu this and lUe foriar*-. four years '"^HJ " and the In ?felon the Wiituh, n^tMr~tiumb?dn^ deeping, at their lawless spolletf the necessary lights or argument with which thcprcM hw groaned upon this subject, at well as the principles of honesty anti folr dealing have been as aceesaible to them as to as, and that with all light, And against all light except the shining at an en lightened conscience, they hold the vantage ground of the voubtf* and continue to op press ns by these meiciless exactions. Less t|i?n ? miracle ?lr will not tut n them. The leopard may \change hi* spots; but when have we known cupid Ity to abandon IU pur pose? I tear that these wise men are still slumbering, for the last gleuning* cf our in heritance are going to imm|H!r the lusts of corruption, and. our philosophy mill becalms us; ?nd here sir 1 four we will sleep on till we awake to eat the hUsks of our n^ieu tunct?we will fold our anns for "a little more slumber," till the footsteps of the euc in> surpise our camp, Believe me sir, if we have given pledges -if such pitifuliml>?cdlty there can be no merit In superadlng to the proof. indeed I conceive well* ve n choice left us but to gw on, nr prove .recreant to the (irinciples heretofore solemnly established >y this house. The ploughshare is already in the furrow and it U too late now to look b?u k?We have ahead) grupplcdAvith these giant oppressors and should *e abate those energies which are brou>iht to the conflict, .should we oscillate from the proud point of inflexible resistance, we not only scatter dismay through our o\yn ranks, but infuse confidence into those foreign mercenaries; and thus falling prostrate beneath their hire ling hands, draw down with lis the rights and lib. rtirs of our state. llest assured that every recreant pulse that throbs at our | centre, is felt with convulsive vibrations at the extremities. If resistance does not1 commence here and at this time, my wor^ j for it, St never will be commented, with the'' smallest prospect of emancipation. Me who once surrenders to the clanking of his fetters, will nevir attempt his liberation but with the subdued efforts of a slave. It is bciore the nerves are unstrung by n broken spirit, stud while the energies are roused by an iudiguunt consciousness of recent and de liberate outrage, that m.mcnn display In the majesty of freedom the " action of an angel and the apprehension of a god." YVith all these prooft of obstinate bigotry and an avarice "as Insatiate as death," and with the strongest presumptions that they result not from a want, hut an abuse of information, gentlemen still persist iu the sapient project uf a postponement of ac tion to enlighten these pick-i>oc.kcts to re peat to dcui cuts " the thriic told tale of our i calamities, and to teach them what they understand *kh the tamiliaritv of a first principle;" my patient e almost deserts me nt this preposterous ?? downright twaddling.", 1 he argument us here, presented is found-! ed on an iu?um: ti<>n as gratuitous as it isuii- i ten d)le; it cleat s at i fl> ir.g leap at least 40 feet >t the ground. Rnhgtiien these monopo. ists! I fancy even th.) would not be flattered at the proposal. In what respect ha.egentle nun detected their ignorance? They have " <tc, d'.uik, and slept upon" tariff's for the last l'l years at least, end yet we are to be-1 lieve them Ignorant of what is ** their very| meat and their drink" to do1 Sir, we are ??babes and sucklings" to them ill all that artifice and industry can accomplish, every thing with which profit is remotely connected, ami yet forsooth our charity, ?' believing all things and hoping all things," is to gulp down this moral enormity! After the argument | has been exhausted both in and out of Con gress, and among the ablest ex|KislTions of the suhiect has fallen from the great high priest of the Sanhedrim himself,* ?e are called on at the very crisis of their ?* lull (down Iniqui ty," at the culminating (mint of the project* to go to these crafty, investigating men. as the sa> ing la ** with a cock and bull story" upon the extent of the outrage! Sir, if time and ; temperament, and the most untiring pcrse verauce can perfect them in the business of legislative swindling, and prepare than for spoi.ging and sluicing our substance, the whole '? knavea play" is Icamt already j and if cither paity is in want of Instruction it is j those who set up for teaclicrv. Their policy is as settled as the course of the suu,und it is not reason or remonstrance that will mote it. j These friends ure still on the way, whetting I their beaks for the filthy banquet, ?? treading the crude consistence, half on foot, half fly-| ing." and let them not, after preying upon out vitals, enjoy this last triumph over ?<uv *? sleek-headed credulity." . In conducting these ccmnscU, Mr. Clinir in an, it it in vain to say ttiut wc arc anticl puting nur calamities. Since the opening ?>f thin discussion we hnvc had abundant proofs to the contrnry, not a moment in" toted upon the dial of time," hut is pregnnnt with the history of legalised plunder soul piracy at tlte cxpencc of our honest earnings and of our laiKHim ?rested from ut under colour ot law, to govgethr sensuality and pamper the lu?u of h fiw pur*c-proud monopolist*. " The wage* of their prostitution," (n* ha* been Mrell said) are daily ami hourly fattening the harpy spawn of this unholy union) while we, the sufferer* of tax gatherer*, and task-mus ter* impoverished t>y gleanings of thin golden harvest, are dwindling to a aaftlr*? ruck, a shadow of aovemgnty, a m;ekrry of domin ion, having th* form without the /irotectlng rnergUa of a Mate! Hut altho', Mr. Chairman, our pecuniary interests arc *o prejudiced hv thi* *y*tem at to be Inseparable fro.n it* <iitrii?s!on{ they ur<.' not no much the gist of the controversy a* to >?e thrust into the foregr<ai(:d ?f the debate. It i* not a nice calculation of lot* and gain that should determine u* to re*lttancc or for bearance. If ?*?? cent 1* wrested from ut wrongful I y, it it the tame In principle and in precedent, a* th"* we were rendered tribu tary to the ottamtost mite, and it isuponprin clple only that this controversy thould re?t. While the tax gather hi levying hit ??black mail," It to a base compromise of our rights, to cdculate our n*t income with a view to ascertain how much we cm bear to be redii* ced in life and him many of Its substantial comfort* wc can forego, without being bro't to complete starvation?one rear aurrender t#f Wsbstar la Km resotaUeut in Fsaasl Hall la ? . iti{w? VI ledtnd tnb setting the power and the light permit thm anrcuionl of the MMVor M least negatively ire, or M Imt negatively adept them, o?r moral delinquency is as great at though we had been their active perpetrator*. If understanding our rights, we abandon them when invaded, we are In every casuistical sense aa black and begrimed as the agentf in the outrage. He who avows to me his enmity to this system, neglecting to inter pose known remedies, demands of yiy char ity an assent, to which my judgment would be Infidel. It Is a butguage sir, that not only passes credulity, but patses understanding ulso | though tne ** hnnd be R*au*s, the voice Is the voice of Jacob."* l*he proper point at which resistance should com mence, is at the thmhold of argremhn?and that when principle is involved, without reckoning too curiously the responsibility and results. The most imposing truth In regard to the scheme of taxing us topampcr others, lias at* rcftdv been brought with nppronriate solem nity to the view <>f this committee, and re quire* no additi?iual views to confirm it It is, that the present measure is only prepara tory to ulterior movements, destined by fa it itlrs and abolitionist* to subvert the In stitutions and established policy of the south* cm coontry, to gratify their capricious and pretended charities. Those who itursue a aystem of leveling under a pretext of** doing God service," are not to be reined up by word* of protestation; and Should we delay tiil their plana are forced upon us witli their intended projectillt); the falling of an avalanche that would bury this state in ruins, could not lie more pregnant with Its desola tion than the march of this moral pestilence. Am a ground upon which we should forbear to proceed, we luve been told by a member from 'iharlestnn, (Mr. Hsyne,)'that \vc are rugged In * 44 fraternal controversy," and that with a brother, reconciliation should be exhausted* before coercion follow*. Wheth er, Mr. Chairman, the cup ol conciliation has not nlrcady been drained to its bitterest dregs, I kball not snort with the dignity nor waste the time of this committee by preten ding to argue. 1 refer to this expression on ly with a fiew to settle the ground upon which we ?;aml as parties to this controver sy, and thut no itifcienre founded in mista ken sympathies sh?uld he drawn to preju dice the stern dictates of justice. Our rela tion sir, S* not that of brother*, as supposed by the member, but of cot\federatt? and al lirt i and It is absurd to say that a state or an individual can righteously connive at the perpetration of fraud, or hoodwink its own destruction, even by the hand* of an afflicted people ; or that any civil relation can be made an instrument to subvert the eternal principles of right, or that there is any law superior to the first of all laws, self preserva tion. Pursuing the spit-It f?f modciation with which he curbed the debute, the umr mem her h>?? said, that-the adjustment of these dt/Teifncet were 14 mutter* fur the Are nidi? " Sir, these solemn proceeding* Are no more proper to the fire-side, than sumptu ary or domestic -t rongements belong to this Hull i and should they ever force themselve s f irthcr upon the tranquility of the domieil, it will not Ik* with my warrant tosanctlon the intrusion. If air, they be in nny way afflun eed to the fire side, it is to mar, not to cher ish its tranquility ; and in claiming to Invade that sanctuary, it must he that the system should requite th we whose hut house tribute warmed it into lifr, with the stings of a re viving adder. Sir, the legislature stood sponsors to thi* political Caliban ; even from infancy it has been affiliated by negative a doptinn, or its counterpart inefficient resis tance ; ami It ill becomes us to drive a mon ster of our own menage, in its overgrown d* forinitv, among those who were ignorant a likc of its origin and existence. ( To be continued. J CONG RK4S?HETB ENCtlMKNT Kxlr?d> Irom the debate on the lUsoltition (turn llic commute* on IUtr?nrh',?Mit ou thr ?uh Jvi "I Stationary, in the liouieo. rt?*pr? Mutative*, ou Hs'u.tlsy last:?> I'll* d<-hale w?? oieaH by Mr. WickliflTe, of Kentu- ky, who, ill thn rotirtr hi* reon<rk?, Mated lhatjhe dimm itei- on r?tr-nHnaeot were |'r#(.nr i0? ? gen'-ral hill, which would b? retorted in a fnw dny?,^rli?ii he should e?|>|ani h>? m wi st length on tli*. lUljrct of tlie rttolutmn then helore the llout*. lie *h?Mijclit that s certain sm?iiot of rtstiona* y wa? nece>tary and proper, to l>e furntvh <st at th? jiiitilie ex|teti?e, in evidence of whieh he htU up In (he view of l/ir Jlnutr <t bundle of Itlleri r?rraive?l I>y him that Jay Ihioiifh the mail. On Mr. Cmmbi+fenn withdrawing Ins motion for an indcfluiie |H>?t|>onenienl of the rcaolu ti?n? Mr. Hamilton ?*M. th?t li?? rnae for tho parpmo of confirming Wlint hud Mien from hi* friend Irem K nluoky, In re atinn to the lull now in prepare (inn in tli* Committee o( Retrenchment, which had for it* object to retrenrh Ihc expense ol ?Hi? |{?iim, riMttln^ent and otherwi*et iwl n? mt* de hate woiiM iirobebly ?n>wrr lor what formed the purport ol'the ro??l?tioti now Under <-on?Hloralion ami III* wlmic ?nbject matter ol the In I, he would m?re lhaU for the present, th? re*otution nhoiild lie on the tablet Wi?h, however, an Uf.d?r*tandini; lb till *houM form one of the teetiOBeof the Mil, at out t?? b? reported, in order that the Mtw of the llotm might be talicuon it. I,ther? fore, move you, (aid Mr II that the reaolotioa lie on the latile Mr I'anr* indiealini a with than Mr. ihoul-l w Ihdraw hi? motion to give him an oppor tunity of replyiBK to .\lr. IVitkitft, Mr. H with* drew it Mr Ifnmillon havng withdrawn hi* motion to l.ijr ?h re*?lulton an the table Mr F'$*et ianl ho had no dhpoeitioa to debar frnllvmrnfiom the ordinary hm uf *fatl<>oary in till lloute, a* heretofore, nor would tneh be tho ?lUrt of hi* amendment. The ho?lne?a tho Hon** would prooead m mnl-M to rorrtepon dence he oonld hold up at large a handle of letter* a* the gentleman (root Kentucky?(which hedU ) A creel notea had bean mud* on tho mfajed of ? ?formation and ratreachax-nti hot, after waiting ?>? letf, what had tha Mou?e reoelvo<lf Throe b^llt aod o?* reeotntmn Ooe of the bHU prottoe ad to make an alteration ?n the mode of furntiliiof th- Swage of oAeer* Hi tha araty, anothar eat ap the appropriation ft* tha Indian Dvpartaaent, the laet arae lo dleeanf tnno #neeet nffVt aaoney darltf raeee ; and now the honorable gentleman'* raw* luuon Went to *av* a law reanw of paper. Ila UK woiimI bi & .Jth .,?35,. A.(?!h. hit own part, to piy tor nil the atatienary ha m Him Id" lion 'ia hit dnUk(? oa v?U u if in quantity ol natter aftlnklil |m hiw? <m'| .># f|>a |>mK P?P*" ilMMlHI %Bw JHw (io i>urt#. M r tb*tb*w?t ejmtdJoglj bap. py that the goullemau from Ohio had indicated to m?b ??> apyetito (br wirnhani, ?J hw be booklthiltiMCoMiUMWMMktwtbtbiMli ol hi* co-operation throughout tho dttcuttioo at their uMoeureet but k la ulHOa hard that the oo fllip of the appetite of the gentleman >hoa!d bo euohi the! ho enmild bo he proooediog to (hil banquet before half the diehet aro aerreQ. up.? i'anuit mo to Miifo him, that, before the Cutt mittee hero fluithed ihoir la bora, he will hove nijeeti tu Anient ly oomproheoai vo and varl'HM for the full exeroiao of hie natriotutn end lorn ol frugality. It it tru*,tir, that the Committee have report Oil but four ur ire btllaeeVet, uuilooe reeolation, ?ml thoae not the Meet iuporhal io connexion with our lute Inveotlgatioat. Other bilks how erer, are io pragma and preparation, and, I tm?t in Iho oourae of the oral week, that they will ull bo preemud to the Houao. Thia delar no one regret* mote thou myaelC um h|?eially ua ill reaulted from my owu abaaum at the etui/ pat* of thn teuton. It Jim an happened, that the Jlaaf woo hat commenced ou one of the meal iuaeuaKa mble itema ol retrroehoaeot, which the Co jiautleu hare reoommanded. Yet,ho trotted, that miuutol at wat tho?u< jcci, it ought find ita apology in III* truth,that, however wrong it Might U that ahori'l 17 rhoutd begin at hornet it Wok right that retramtW meot thou id do ?o. Vat haJhtuklycoolewedhe wet greatly oppoeod to a waito offline on ooe item of the rel-eurhmenli of thit lloute, whan, perhaps the ume consumption of tiaie would be rufltcient lor u full r?n?idemtioo of all the raringt wliieh t? ? Cor imiitee detigned In their bill to propose fyr the eontideration and adoption- of the tlouae.? f/Vith thia view tie thould renew Ilia motio.i. *lle could uot howt-vf r, take, In* eeat without taring ooe word to the genll< tnnu (roni Ohio, io rotation to ooe of hi* complaiutt against the com* Mittee ou relrrnchiniuU when he u?k? why we her* Dot proposed a reduction of the President *t ?alary? Now.tir, I t?eg that gentleman to under aland, thai whatever may ne tlie opinion of the other ntemlxv? ol that committee, which I do not Cofeae tokMow. that, 'or one, 1 would g? with in,li^ar*??"* hand many?uclireduction, which arouldfreothrasecatireofour country from the uc cr*ityk*?|Hage tort of puhtio hotel at the public expemo, Io whioli he w?? >on?truiued to enter into eourt wummericy, in hafQi-d riralahip with the foreign minittort, every oue of whom, bteauto they were allowed more money than himiell, hoot him in the eottlinett of their entertainment; whlltt, therefore, we call upon our PretidmUo keepa pub lio houte, tor the entertainment of all who may eome tho ?alery wet toot ma II; he, howerer would un4e with the geU'mtn in any propotition he might bring forwrtd to ?<|. out executive the domett io eoosoUtioo of having really hit owu hone*, by putting hit aalary ou the fooling of the ineomoand living o( a private gentleman, m heihonght miwiely mure in harmony with our AjNtaitom, t?#n the present r-Utiona, which. In hl*n|Mi)ilUNk the P ret idem wat expected to maintain toward* the whole of the country, if they tliought proper to vhit the teat of govern ment. # li. conclusion, he would ripwt hit |r?it mtii faction in hiring 10 triloui mb ally, at the gentle m?n from Ohio, iu the |re*t caute of retrench want, anil if it were in onltr, Ha ihnulil be incite *1 (o nova that that gentleman be added lo lha committee, that thr.v might avail themselves (till more eJlectually of hi* ardor. Hut, at all event*, thrjr w.-old count npoo hin, whether lliey hualel ? m?.ia?,or an elephant, or cvan itarted a lion from bi? lair. . Mr Vance ohicrved, in reply, that if any men-, ber nfthul eo?afltM win about to rnigtn. mil to leave n vacancy, he did not doubt ho should Alike p very good substitute, Mr. Long olwrvej, although opposed to the principle contained m the resolution, he would peifer meeting the qn?**hon now, and Wat clad the gentleman from South Carolina had wl'li diaw hi' motion in lay the resolution on the la hie. It economy be the ohjcct,and the resolution it top.**, he thought Ihe Iioum onght lo act promply: he we* not euro but it would nave beau ?omethinj( more of a raving to the government, it the lendntkm had been paired yesterday, mm- 1 much at 11 had hem tuggttled that there had been, in Ihe r our it of the tail t.ttmng. I trill not *ay in an hnpaliou of Ihe p unge of the resolution. tome {tret Ijf ht try dm fie made on (he tlalionarg. Should I I* |>o?i| <.n?'d a few dav* longer, it would affiird ampb op,*?rtunity foi all the member* to be fttr. niihe I iu the mine way>consequently it inu*l lose it* rlTn t for Hie present ?,'ongree*. Mr L would ?ay a w.>nl in relation to lhor*malk* of the gentle man Irnm Kentucky, (Mr. Wilkliffa) made yea teniay on ihe subject ol the rasolution now Under consideration: li? did on; at the lime, to particular l\ nolu!etheoh-<i*tfalion<sbutiiihUpriutrd*peaeh. 1 which at<|>ear? in Ibe morning'* paper, he ha*given I a toleraMn minute statement o( Ihe number of copies of the flirhmood address, the North Cairo 1 lina aildreM. and militia documents, which he said had all been wrapped up in Hie folding room*. Thi? information I* given and goeie alwoad for the l>eneAt of the people. Now, no doubt it is aqua ?ir ile*irahle that the people *hould be informed |i? lo Ihe number of oopie* of the Telegraph extra, tin. whiuh wai about thai lime rireule'ed iu th* *ame 1 way. He had no doubt Ihe gentlemen had it hi hi* power to give thi* information, which perhaps 1 might he deemed of a* much importance a* Ihe part* he had communicated to minutely. Mr Hamilton then eaid, lhal it wa* to eeono miee lime, which in lha houae money, (for he behaved they vert at a font of two or Ihree hundred dollar* i>er hour to the peopte) that he made hi* motioni which be renewed, with a (lied deter mination not again to withdraw it Mr. Vance called be Ihe yea* and nay*, whLh were ordered, end Ibe resolution wa* laid upon th* labia by a vote of 106 to 64. Important efonfarlhe Regulation and Stevrily e Hit nit ? Yesterday lha Governor eommeme* lad ta oe Hot*** the detail* of Ihe (dam upon thfc I Mi hi* maa?ag* at th* opening oi ?utyer-t,eaggeaied la hi* m*a?egoat th* opening* Ihe *a*siea. Thay are of aooaiderabla length, drawn np by the author, Joshua Foresee, K?q Tha<le*ign i*Mlo place the banking opera lion* m the atata under a *y*iem of regulaticn* calculated In peoduee the gaod management of the haak ?ecae* ihe public ayaiart lo** by their failure, aw' " * amw i IttniMi a sound aad well regulated currency, ad equate, ta the naoamitW* of this great <ad highly eenHHtalal stele ,H The plan forth* eeeompTie' meat afthla great and v? y daairabte abject is de* Ia^Teaa wa ii enhedin ?af Mr. r in the following extract of lha etaUmeii 'n*MaM A I4m??i &- mot a Iff IIIVO ^eiwnfy e/1rgVWt of I# offiHloft* wlMri SSSSiiJ'tJ ry ia which ha laJ& piUl.ocby ?>y III* jwi Jwpt eooMri m.a information to e#d? it thall be iniiiiry'to prevent wintinat beueeatlimae wbeotbe monied umtMohmUm couulry are like to be otabarraatedOaod Dim, m for m iwwiMi. proven! (luir failure)awl vhia* ever they thall nad uny tank* violating (btw ?? mliil provitiona for public arftty ot to wter ataed ia their mum M lo m?lr> them to be bMb lo be invetted with extensive |>1-wen |o Hern lb* property of Iho bank Irw being wnttd ?* embeeeled | ?mI m tb? naJtr* ieg ol a judgateat of iiMolmc; iniut it by a chancellor or jadge, to have it* Ubire retried by IrMoti under tbotr dnMiwk ill rffwtt wlltttw nod converted tote money, and itt debit Mcertaiu ed, ond wbeo to iwrrtaM, Mid,by the com* mUnoncn from the food* of too book, ood tba rood bereefter mentioeed. Tba woiwlwiitt to bo removable by tba governor, for negteet of doty or mitoooduol.aa tbo epplieeiioo of a major* My ef tba beak* 10 latere*!. 3. At tba bank* have by their charter* aod tba operation of tba law lo preveot private banking, tba exclutive right tl faraiihiafo paper aarraocy for tba cilisaoa of the ttale, aod thue esercite a q?a?i rirbt of eovereignty, ? quivalent to coielaf* by which they Uarive profit* beyond tba iatere>t of iheir capital, it ia bat. a Jott aonaideratioo for the riale to exact from them o guarantee for tba fooduen ?f that ptper, | tharafore propose a and lo be raited from an annual payment by all the bank*, according to capital, to ho applied t<\ the payment of the debt* ot each book* at thall fail, In go on accumulating untd it ahall amouul to $G<HMXH) or $1.000,(K?0, when the annual pay tm-nlr are to l>c omiled. until it it reduced by the pn/ment ol tha debit of iuaulvetit baakt below that euui, when it it to be immediately replenith* ?d by vailing in m> many nrrear Intlallmeut* aa thall ratN> it to tiwl amount j tbi* Innd to be held by the commi**i?uert at a corporation, aod iavetl ad In tale publio iluckt or loam on tu< h ttockt | and in eate the buokt have the election of the commiitionert, thai Uiey bo accountable in like proj?orlioii for toy !o?t to (be fuud hy the fraud or mumnnagemenl ol tho conimiMiouert ; and ia either i:ue, the lund lo remain the properly of the bank*, and each entitled to lit thaie, pro rata, on d.itolulion or the expiration of the term. To reoder the tyttem effectual, it ought at ftr at (MMaible to be made onivortal t aad at the oaly niodo to render it to, I popoto, that at a measure of limit peiify* ?uch of the chart era of baakt alioal to aspire, now in good credit, at tball be thought ' 'Vabeut, be continued for a given period, tay HO year*, tuiijo'l to theae regulation! $ and aa coadi lion that tney ahall ooaaont to be aubjeet to their operation iroat tome early day, tay the flrtt Moo day of Mey next. That all the?barter* in whieb the legnlaloro. with a wito fotecatl, have reterv ed the right to amaad, abail ha continued lo the tame ?ime, and'theae regulation* made amend ment! lo Ihetr ftefiective charter*, tn lake tflitrl Irom the taid Arit. Monday of May aeat. Aod that aa it it incompatible w>th tba publm inlerett for nny corporation* tn atereiM the iiupoilaat nuWOr of making a p*per curreuey, without be ing ial'j?.1ej to the rdutary regulation* ncoeteary for the public ?atety, I pcopote that if the eeveral incoriKirationt pone*?ing banking power*, and Un limited in duration, thall eonteai to be tnbjed to the proiUiout of the tyttem adopted, they thall enjoy the tame esemptiont and benefltt at the other bankt j but otharwbo lie taxed mi amooal annually, equal le the aonual ootdribulion of the other bankt, in proporli.ai to thmr capital for the benefit of taid fund ; and their paper, ia ceae of (allure, be a charge upon the fund io the meaner at that of other loatitutioaa 4. A* ?u inducement lor (ha hanks to scoapt Ihe provliious of Ihe system, thai the stale stipu late with I bote accepting iU |Hrovblons, tit Iheaa* luff of Acontrae', that they will re incorpoiate ito banks Ml laaladcdla tha general act, or being in. eluded, atiall not accept lit provisions be lore *aid Mondey of Mavoeii; they will Incorporate no new bank which shall not be subject to the pro vision* of thlt system, Im conjunction with InoM *o Hteptlnn them, daring the term of their re in eortiorttion: that In every new bank Incorporated during mid term, the Mid roiiimi**looer* ?ha1l be commlniooara to receive the aubaerlptlon* to k* ?toek, and to distribute the miiw among the Mb ?critter* In *Uch manner a? in Ihiir ejtiafaa trill M prvieiafc (A* inUruff Mi plaet when twain/, anil the ptrmauml geed ?/ Ihe institution. That no such frank ehall ko ln?o operation onlil tne Mid commissioner* thalf certify that tba capital re? quired by law, ls actually and in Rood faith jiaid in, and such eemtcaie feted in the office of the secretary of *tale. That they will eiact no honn$ or onerao* duty front any new beak, calculated to weaken itaeap ital or embarmmlU operation And a? it appears that the average dividend* of the bank* hi rf?'W*Vork, for Mveral yeai?, kave not eiceeded l^e percent per annum, aad the imposition of *o large an annnal contribution to the Mfety fund as wuuld be datlrablo to render it an effectual wearily, would render It t|ia later*** of the stockholders to cIom their concern* aad 11nit otit their money at legal interast?tk* banks 1 coming under them regulation*, to be eftempted from tne operation of the law impo*lw* tea upon (ranks, leaving Ihe stockholder liable to be taied for their stock as before Ihe passage of that law? and the Inroma of the fund Impeld to tba tream* rer of Ihe state, for the use ot the state, or lo be diuributed to tne eounlla* In (ha proportion* that they are now entitled to the tat, a* tne legis lature shall see fiti so that the principal of the amount talsed from the li*nk* may )>e applied to tba fulfilment ot their engagement* with tbe pult lle. and the income thereof for Ihe uees to wbkk the present lea I* appropriated. ft. The wilful loaning or discounting beyond the limit Mt by law. tbe making false report* of ike Mate of their eoneeras, nejri< cdn* for mora than thrae months to pay their annual payasui to ?aid food whan tequlrad, having lost on tba fact >f theli book* mora Ihan ooa ball their capital ar ottDng to tha roles |.re*cril?ed for H, or *??pend log the payment of their Ml* In *pacia for mo** ?ban *l?ty day*, or ailber of them, to ba lodged ar set of insolvency aad lha affair* of sach bank* to ?m closed ?? bafbia a|en(lo?tedj an officer of i ?ank maklr falia return*, faba eolrk* in tl ? ?oka of ihxoank, citing fat** jiepenaean *v ien?a of IndeMedaa* lb the Mpl for Ike i*irpb? of dacilvlag tha aM&taloatr* a? (6 |U tra<> of Mob/ utf dlreetdm udlMr MmhIMi lb* ?kol? a mora ample aeaarfcy to tbe pablio than that of a geaei-el beak whb bni*u ijfi lUMJtltAB ||.tgl.|(i_ -^| tbey might ruin tba trbole coiwrt) bat aader la ayatein, Ilka |Im aeloo ol the MMU,lb* rights Mlf'COVtflllll^ot OOfNllltiM ifc# 09?OCi ?%t flhfi u koli If hm|1am|1|m a k?L alinntit lb?y might ruin tba whole mwrt) ?beck by the others, now bon iatecested la tbair welfare thin before; and if I bey aboeld succeed la breaking Ihrontb all Itlbilnl) 1 ' thaW rata, tba were weald ba small and wHbla tbe as?and at aN .?? eorer everyjwawt I on all haads, la aot more ialHatle valaa Hty df tba diraetora dnuMr rtoion that tl derad liable for tba dwells af otbara is turoly found H? aaawar Iba eaeeation, aad I bat i?w who an^thlay waald ba foaad fa) ahaetloM to ba [From tba CWeatoJ MrreVy, af Pab.?.] No one certainly la more sensible of the xrcat advantage* which will result to thta State from the execution af the content plated Rail Hood between this city and Augusta, Or more cordially wishes soceeas tethe enter* price, than are do. Pew projects $t thfo kind are more entitled to the favorable no tice of the general government, or when viewed In rrferrence to Ha proposed exten sion to the Wnt, can be more Justly regard ed aa objccta of National importance. Con grew, therefore, ?o act consistently, cannot well refuse to subscribe to the stock of the South-Carolina Company, seeing that it baa so repeatedly taken shares in similar, and not more meritorious, establishments. Wo cannot but repeat our regret, however, that an application has been made to Congress to patruniae this undertaking by subscription*?. In expressing this regret, we by no meafta design to impute blame to the application.? The Company, no doubt, acted to this mat ter upon wbat they conceived to be a correct; distinction between governmental patronage to works undertaken by and belonging to in dividuals, and the construction of works ot* internal improvement solelv by government itself. The company maj, with some even, of our most distinguished statesmen, believe, that although Congress has no right, of it self, to establish a system of internal im provement, it yet has an undoubted right to appropriate money in aid of the labonra of individuals,, or to become a participator in the scheme's of private associations. It ia r nnvi not to be denied, however, that to whatever eatent these may be the views tt'wn whicVs the Company acted, they are diametrically opposed to the political creed of South Car olina, and that the proposed application can not but have an Injurious effect upon tl.t controversy now subsisting between thb State and the general government to relation to the assumed or constructivepowers of the latter. Year after year bs? this State so lemnly denied the right of CongNes i uut on ly to establish internal improvements of It self, hut to appropriate the public fund*, " either for the benefit of the Colonisation Society, or of any other Society, dttatever." At the very last session of the Legislature a Protest Mains! the right of Coojtrca* to pro tect domestic manufactures by duties on im* ports, was almost unanimously adopted by both Houses. Revolutions on the same subject werealsoadopted with great unanimity, one of which directs that not only they themselves, but ?? the Revolutions heretofore adopted" be transmitted to the Legislatures of the seve ral States, to determine on such ulterior measures as they may think the occasion demands.** One of these resolutions " here tofore adopted" and which Ith novthe du ty of the Executive of this State to transmit to the Executives ot the other States to be laid before their respective Legislatures, la the very Resolution mentioned above, which positively"denies the right of Cengresaa *' to patronise, in any way, any Society whatev er." la subHcrtption, patronage? Clearly and unquestionably as much so as a direct gratuity would he? Under these circum stances, the application to Concrete to sub scribe to the stock of our Rail Road Compa re ust necessarily place our Senators and and Delegates in a situation equally atogular and painful. Respect for the Company, and a patriotic desire to Aid the accom plishment of their great undertaking, will of course impel them, on the one side, to exert all telr influence in support ofthe memorial, whilst they will find themselves positively inhibited from doing so, or the other, not on ly by their own avowed and well known prin- ' ciples, but by the solemn protest of the State against the right of Congress to grant the application. At the very moment at which jur Senators will he called on to present Mis Solemn denial ot the right of Congress Mm to afiftroftriate the ftubtk fundi, they wHi also be called on to present a memorial praying that government may engage In the ?peculation of a Company, flow shall our Senators and Delega tes act? Shall they de cline, respectfully, to support an application thut notoriously at war with their own prin ciples, and the solemn and repeated d ?clara tion* of the Legislature-? Or shall they, by Mipi>orting It, purchase the subscription vf government to the stock, by the abandonment of their own principles, by giving np the enn teat for State Rights snd by causing the Pre test and Resolutions of this State to become the bye word and ridicule of the whole Con federacy t We haye an doubt that they will perform their duty. The National"Journal states that tfctpein bers of Congress from South Carolina and Oeorgia appeared In their placee, clethed In Sume-Bftun. ,* , y ? 1,111 . njLL' A few evenings since. In New-Yotlc, a man ladhiehat stolen ttfhl* head la the street! The thief was pursued, taken and committed'