Cheraw gazette. [volume] (Cheraw, S.C.) 1835-1838, May 31, 1837, Page 223, Image 3
each lib, the name cf the d. avvr r endorser airl
receptions, ilit? air.oi:iit of each discount not'.1
i*s drawer and securb'ms. v.ud vetnke ple-slire
in avowing our belief the* no Ban!; or Institution
ia lhi.-; country ear. o :Iii?;it a similar
amount of d bt in s r hand* or b atter seourod.
Among the wh??' . 1:;' > - e.\e!:''nye and
discount paper v.e found !. ss than on
which tho; robahili*y (-floss prepond, roted t>vcr
that of safety, and even on this amount the
loss cannot be t * 1. Tim k has now, it is
true, a considerable a:r.mint of pvrman nit d ebt
which \vc think may be emerged before 1 ho
next business season, to one hundred, or one
hundred, and fit:y tiiouson 1 dollars. By permanent
debt v. e mean tint which is not immediately
available, but which is secured by
paper due from six tocighven months hence.
But this is wr tin: mo-t j; ;r\ well secured and
will we thin';, rltim i,eh* he'piid.
The capita! s*ock of tiie bank having hern
paid in by t!m stc:khol iers it fo'lows thence,
that the wii:1'" of the above excess $-! "> 1.09J
must be lest u.i- red by th ? Ban!; before
its bill-holders w d os.iors can sutler loss.
And beyond this, t ;.* y.??- a slid farther
securitv of f" ~dic insisting in the indivulual
iuihil-ty (>ft..e s ocuuoea rs mi ;er
charter, to an amount double the onanv.y of
their stock. Tnis gun < to me pen!-' a cu
mutative fund of > 1,0i2.v.hv'i stands
pledge;! f-T th" pavram/ o; the Ban!: debt of
$6,73,12S. And apart from this. the community
ha?, in our opinion an equally valuable
guarantee in theAvrsdoni and prudouce which
lias hitherto marked the conduct o.vs affairs.
With a power given by the ch rter, ot extending
its issue- to f;l-2(HUH;0. three times the
amount el the capital stoc':, it will he seen
that it ha? now in ci;cutafion but nbr.ut S-Wd.(KX),
less than half tint sum, and this auioutit
daily diminishing, so that the late resolution 0;
the Board, adhered to, not to extend i-s issues
beyond their present amour.*, it follows,
that the public can have no taps security than
it now has, wiihou* wilful fraud on the part oi
the Directors, which is not to be presumed or
s'jspoc'ed?which security,. amounts 1:1 our
opinion to moral certainty of satety.
Vow let u? suppose that the Ban!:, instead
of suspending .as it has done, its specie pay
ments, had adopted, tI;o only remaining aiter.
native, <Tv gone 0:1 paying out its ^Jl.yOOgold
and silver. For a few days no uoubt its notes
would h ive been in high 0 lour, n:id co:nmanded
a Virgo premium. l>ut its specie is at
length exhausted, it closes i's doors and makes
an assignment: for litis must have! cn tin; no1
"
ccssary consequence. havmgadeot due to the
public of about f?G0iM-HXh and on the o'her
iiand. a perfectly safe and well secured debt,
due from that public to it of more than 0:10
million of dollars. X nv nothing can be more
certain, thanthat the i i I holders m st await the
collection of the bank credits, before they could
receive payments far its bdls. The assignees
arc at length prepared to redeem them (tor
their ultimate payment is certain) I.hough
probably not a dollar would have been paid ::i
coin, but in the bills of other distant banks,
probably no better, and possibly not so sale,
as the bills of this. And where, at ties time,
would the bill- have been found I I n't ho possession
ofthose holders, who had received them
at par value, in the regular course of their business
1 Xot at all: but they would chiefly
have gone into the hands of keen sighted, fur
reaching speculators, who would nave purchased
them for sum?, thr below their true
value, of their more timorous neighbours.
? - -.11! I 1
These arc t:ie men woo wouuunvu laugnee
in their sleeves, and swelled in their pockets,
by such a measure on the part cf tin; bank,
whilst tlie biir holders themselves would h .vc
been the sore snjierors.
But this is not the worst side of the picture.
The bids of this bank it is well known,
constitute cliicfiv the circulating medium o:
the whole surrounnding coun'rv. Hid the
Bank closed its tioorr, its bills ofjeourse would
no longer, have served the purposes of domestic
exchange, but they would have been
placed on file, by the last purchaser as private
notes of hand, to be recovered at a future day.
And what is there to take the place of tins
currency? Public necessity requires some representative
cf value, bold and Silver have
been established bylaw in tins country,as that
representative; but we have seen that in the
present juncture three are not to be obtained
from any source. Public, convenience has adopted
in the place of these, the negotiable
notes of specie paying banks, lh.t we have
shown that it is equally impassible, to procure
these, because all the banks have suspended
their specie disbursements. There rcrnaim
then, r.o other alternative, il'fhe Public refuse
to interchange the bills of perfectly sou:*. 1 ant
healthy banks, because they do not redeem
in specie, it can Inv. n j representative oj
value, no circulating medium. It follows,
that nothing could be bought, nothing wouki
bo sold, no debts could be paid, because
there would be nothing to buy or to pay with,
and we should be thrown bach again to the
days before the flood.
But even in this emergency, the Bank
might have received S??70,0iK)"o! its debt itits
own bill's, which for this purpose woulf
have been equivalent to coin. But for the
residue of 4o0,00'd it would have got the
lands, slaves and stock of i's debtors, at sue!:
prices as? it migin. see iit to oiler them. JSucli
consequences wo deem the necessary result
of a pubii? determination 1:0' to orchargc
the bills of sound au?l solvent Banks, because
.t I . 1 j
iliev cannoi ior too uiesejr. uo roueuixeu j:j
specie.
We can foresee. gciflo'.nen, but two evilthat
can possibly result train t'. s measure.
One'is that tiic Bank may make its specie a
subject of traffic in the market, by sehing it
out to the highest bai lor, and thus abstract
from the vaults a fund' which should be prudently
husbanded, m crucr to < nabie it to resume
its specie payments, as early as jmssi"'ble.
But we think that the Public possesses
v adequate secur-ty against this danger. in tho
H certainty thai the Bank will be sustained in
its refusal to rodeor:, ne Pager thai: the sources
from which the precious rentals can be
obtained, remain closed against them. That
whenever the hanks <.n < lr seaboard .-hoi!
open their treasure:-, this Bank will be compelled
to do likewise, or i.s bills will be refused
admittance into the j ocke's cf our community.
The second is, tint the Bank, fading
itself relieved from the .>-.*!:v of m > t.
ing its bills in co n, ant! s*::i e:faying the public
commence cui. ?.ij*pc. . m\ be tomr.'tedio
increase its issues wifjou' stub, a:if inundate
the country with it pap r. Bit here again,
' we think that the Public .has a safi'ci at guarantee,
in tlx? ease with v.m.ch such a measure
could be detectc k in the abundant resources
of 'he insTtitiou, i*s p'olitab'e bu-inos.-,
the *ol; ley >; its >'ockhobmrs, the prudence
and skill writ w . h if 'ns b""n iiithorto conducted,
and in tin I -oral !e character othose
who wiu the ina-n't'iiv'tit of its destinies.
In couc v o ' ! rem rfc that neither
of i a t < .0 .'laid r in *' o !> nir, nor
have we other ii.-l--rr?r k; :;s f. '4>, than
that v.lr - p.: >r.w in c ;:.a >11 v/th .*v rv
member ' ^ mimwii'y. I; ' t,i m
which v: "ii''V*e, ?.?i p? is . ml ? ;.,k e
' i " - :: i t'- !'< ' ? r.- f:
v!- ..r.
rto I : sneii r -n rou>
1 important iari'.ilios to 1 iic country at X
lar_c?*?si i'ii: >4 >uli! r in t ]i.. nubile c?>u.i;I?nce [j
an<l credit, by a measure which Jus Imen taben.
not. or* i*s > wn in: r- motion, !??it wbieh .
lias Iv u :l?re?,-l upon i! i y cause:? -j'wonu its \
" own con'ro?, i;i v !. V: it be irs company
i wit!) ever*" srim'hr :11stiru oi in the eoun'rv. !>:
W. II. JiuiJiilXS.
.1: >IIX KI.I.KUii!::,
C. 15. PIECES. ;w
W.M. JOIIX-SOX. 1 ?
TilO. SMITH, f'j
f >r thM'hernvv (i izctta.
DINNER TO CAPTAIX BCAKKXXY i fj
AND HIS COM PA XV. j 'J
Tli? tanner pvn tr> Captain J unc? V.".
I. ' *.! Cnt'wixoni' .iCilu;* 1 I #o
1>I Wkl'lit:* <II1U H."- V I'lII 'Oil'. '!! > i Ilk.
20th list., was in every respect a worthy '
greetinj of the soidicrs return, an ! w vrihy of r.
the gallant men which it welcomed horn?. The p
citizens and their guests assembled at the mar- ,,
ket :-'|u ire at 0:1a o'clock i\ M. where a pro-1 T
ce-sion was form" 1 by Major Alexander Graham,
Marshal! of the day, which moved oscor:el
by th 1 Cheraw Light Inf.m'ry Com- ,
mi l.led by Captain Riclnrd Chelan, Captain
llla'reny and in- Company being tlinke.l by i
he tirst and second Platoons to tii" ?jrove ' :I
near tii Mile A rati any, where bet v. on 2CM . 0
and 551*0 persons sal down to a sumptuous
dinner prepared by Coh Chapman. Co!. D. j ~
1>. llarlee was President of tiic day assisted \
, hy A. P. Laccsteo lnicndant of the Town.? i (J
l3r. Tlios. II. Po-.ve. Gen. Wm. J. lUnna ! "
and Caotr.in Richard Piielan, as Vice Presi-'
? . * Is
i dents. ,
Captain Blakcnoy, and Major \V. W. Ilarl- i
lee i:i renly to complimentary sentiments made ' *
, eloquent and patriotic acknowledgments for!
their brave companions and them.-a Ives.?
Genera! Win. .T. Ilanr.a. Colv\. M. Lowrv, Ma- 0
i-er Graham, Captain Malloy and Pr. Tiios. 11.; V
Powe were severally toasted and made elo-J ^
qucnt speeches. The following are the r 'gu- \ ^
. i; uiiu hiuiia u.i ?.?i, w....- ,
i sion. : l'
REGULAR TOASTS. j*
1. Tii-? occasion tint Ins convened us to- j
get her.? Let it ever be said of Carolinians j|
that thev are alwavs read : to give honor to >
- . C? |j
whom honor is duo.
I 2. Liberty?Rest preserved by being con-:
stantly prepared to defend it.
R. South Carolina; our home?Dear to its (
* , , | I
oy a thousand ties; her Treasures ana tue {il
blood of her children are freely offered when- a
ever the honor of the Country requires it. s
1.1lis Excellency, I\ M. Butler, Governor of i s
South Carolina?The thorough Military Com-1
' uniidor and accomplished gen'lcimu. As an )
i oijicer in the Florida Campaign wo respect
as a Commander-in-Chief of the State, :
\\ yj auiiiiiL' nun* ar <1 ui.iu >> v ivi *. I
Our (lucsts, Captain .f. W*. Hiahcney i
I and his Company?A pood specimen <>f tin?
Carolinian Citizen Soldiers, prompt in march- (.
. ing to the relief of their stiffening countrymen, .
fearless ami:l dangers, patient under hardships
1 1 and obedient to command?ha\ing dcr.c all, "
' ; men could do. we greet tiictn on their return 1
home with u licarty welcome. ' i"
When the deafening applause which foi- (J
lowed this loa^t had subsided, Capt. ]>lakersey
rose, and for about an hour uiseoursed 1
el.) iiirnt'y on the following topics:
Tin b pan bv expressing the thanks ol v
C 4 c (
; the Company lie had the honor to com- '
maud in Fiurma and himself. not lor the
j tons', which had b'-cn given on'y, hut lor ll
' the flat or;n?j. the warm reception given it 0
| by his fci'o-.v.citizens. rI o meet the ap.j '
i probation of liis fellow-citizensat anytime, v
. 1 was agreeable, but -never had it been to i
| him so peculiarly agreeable as this day.? (
1 Having returned fiom a service of driulg- j v
j ore, from which he knew from the fust no ll
! honor could spring, when he ha I been a j
j par of Hint Hattaliion to whom tin; honor i v
of'C.iroiinn Imd been entrusted; to have.
! t 1? -i n<?n:Mr.r,i> I!! it Iik soldiers, his I) Tit ; r 1
: olii crs ami lie, had escaped from th- -wr- i
' vice widtou' degradation, wit'iout s* uning "
, die honor of Hon ii Carolina. was K' v. mid c
| 1 confess it, p:cu!iar!y gratifying. II" (!a! 1
. i not outer the service with the cxpocta ion
' of being crowned with the laurels cf vie-.'!
; . tory. Success the most complete, in an : j
' . -n-easement with scattered, skulk hit; Indi m
o s , : ,
\ tribes, imnroperlv considered weak and 1
, divided among themselves, would uot have
[ i give i much character, whereas defeat by 1;
i i a foe considered so contemptible, would '1
f have bc-n degradation. All tins he wvii > '*
kn-'w. I> it Indian tribes had actually in- 1
1 i vailed the United States. The President '
of tiie United States, pursuant to the Con- '
1 1 sti irion and laws of Congress, had made a
rcfpisi ion on the State. The Governor 1
; had ex'ended it to our Division. Ii was (
i ' the requisition of the law, the call of the
I country, and must be answered, lie was 1
prompted to go ti t with a hope of laurels. 1
not because he thought the service woul i
1 he iiuir. nc: because he was anxious lo! {
i . I
massacre any o; that lanen race, bn: pure- i I
. iv tn obedience !?? the jaw, and because , s
: South < "arokna would always do Iter part te *
i nn.iut tin its supremacy. The privates
iruing elected me unanimously to go with *
' titcm to Florida as their immediate* comman
!cr, I could not h.csitato. Nor have I h
1 nacl reason to repent it. Never did an o.Oi- s
cer romtnand soldiers more prompt in the,'11
. | discharge of their duty. It was/u holly ; s
.: immaterial win* the service, whether to1(
march by night or by day, through I ogs v
' i or on dry land, to raise baggage wagons
j from the mud or to bull J forts, to search r
for the enemy in Hammocks ana ii s sap- ; o
posed place of concealmeng :>< at 1
, midnight, at the iiring of the g on. 1 v
an i ;> rap-a re for defence, tiny w t .< c
: prompt, ready, and determined. x , tej. 1 a
iow-ci'i/.ons, at die name ot So..; i .a*wlb
ua, each en Jeavored to he the hr.* . '. . sac* .i '
,*uiu lirst to a<i his du' \, Inaii ibis e *i r .,
c-aved die beany co-operation and m j >
i.'." iij.li tin hlccrs atv-1 m n v. r i ?
. ..-Cll .1
. -? )i. I i . t,
i lis experience sattsjicn linn oi t.. .,i ,
cieucv of the citizen soldier, t'apai.i or j ' =
duly estimating the blessings <>i a g< . ;n-1 "
:u? ;.t widen secures to us personal liberty, 1t!
ami private property, ih'-v are willing, a: x- ^
ami re any to defend ;t. The pennanenrv
<?i oar institutions and existence of civil
. ber.x i - If are reclining in tlie lap <>i' the;
e ' /. ii s .-J : and hence ti e i?j
: ->?> jgaing a.. . .vied go of 'acnes an i tile V
arsofwa. p?
i ;u?Uct.i.g g;. ] commercial enin '.rrc.s.:* ?'*
;:i ar two sources of danger. Ta-1 al
n.iticis:: s nibs abroad wi,ii ids giant tren'b.
. I 4 . * ^ * 4
.... t., I * ,I I I
io cv?: !:!ry. presenting the singular anonia- \
' .den overtl j wing treasure, & a National .
l:ii?!criip!cv at the same tiny*. Without i
n'pi.rmg iato the cuus- s wiiicii have pro- \
need either. it is our part to observe the |
7 '
tch and to taLa that coarse which t!?n ?,mrg.'r.cy
rcqu'res. I lis company and him- \
:':i will he found amongst his Idluw.citi
hi prosperity mid in adv-asi'v. Timy ,
all share toe saute fate, considering i |
melt more honorable and more glorious to ;
with tiiem. than to he surrounded by !
vai n, and pampered whir offices, rewards j
>r tiie prosutufon cf principles. an 1 tiie
csviion of friends. II: again repeated]
lat nothing could he so gratifying io him '
s this public assnranee uf inn iiigen' men j
l it tii" character of South Carolina had j
or sn{]! red during .he late Campaign, ami
rusted tliat her honor, her chivalry, Ir-r 1
lory, might never sailer. lie concluded j
y off-ring the following sentiment:
The Citizens of Choratv and vicinity.?
* l? ?,? - ! l'io/l rrn^oroMk! mul
;i IJX-.II B(A 1:11 I ftlllli, f;^(i'.iuuo ......
osspitnblc?in their civil capacity, ardently atachedto
tiie institutions of the country, and
:i tiicirinilitarv character, a brilliant example
i* th? citizen soldier.
(i. The effective Military strength of the State
-Rapidly improving in the knowledge of taccs
and tiie art of war, they are Citizen Sol.ers
to whom we look lor protection in time
anger, nor shall we be disappointed.
7. The Army and Navy of the United
hates?They have sustained by their cour?sy
and courage tiie honor of the National
hag abroad and at home.
8. Our Guests Major \\\ \V. Ilarlleo and
is Battalion?Gen. Jcsup's order at the end
f their term of service in Florida proves that
hey were true representatives of our beloved
hate; and although they have not gained
ictorics, it was because there was no enemy
0 be found to conquer; but they have sought
Sanger where it was thought it would be
o o
.nine!.
Wiun iiie loud and long continued cheer !?
??! /?!. *I*iO ivioo ?M/?| !? /**}
W ill I ^ IHtii llliO lUvlOl nnv.1 IV Wii iv^wnvu*
lad subsided, Alaj. Haulm:;: rose and dolivred
an address replete with sound \ iews, sSj
ouching accounts of the campaign, which
occupied upwards of an hour. W e regret
h:u Alaj. lluriiee was so pressed for time,
isto prevent him from furnishing he sub.
tr.nce of ins remarks for | ub'icu'ion. He
poke of die justice of the w.tr, its diiiiculics
and its hardships; and bore testimony
i) the gentlemanly conduct, and honorable
earing of tlie officers ; and obedience and
iroir.ptitudo of the soldiers that bad been
inder his charge, in performing even
iio most ineni d services requ:red by the
ampnign. lie spoke of the cliaracter of
he Indian race; gave a clear, concise
jrnphie description of their jirescnt con liion,
and a gloomy picture of their future
irovpccts. 1 le said that having iheir morals
iobased by an unfortunate association with
I 'l-.-i t? omn tlii'T* u*i?iv> t\vi ?t\n v*?i I
ic:;j UUIU lUIHV IIIVUI nn. ? IILIV |fi \ |mi?M
or ilie ptrpetrauon of deeds more dark
lian even their savage untutcred tempers
ronid have prompted them to. That the
.ttoinpt by the white men to rob than of
he lit.ln patrimony they had, was enough
j drive them lo despair, and probably pro.
'need tiie war. That they went nottreachrows
and did not leel bound to keep faith
vi.ii tiie while man.
He spoke of the character of South Car>!ina
abroad. To be a South Carolinian
i us in many places an immediate introdueion
to the hearts of the people. The if:cts
of the name of South Carolina 0:1 his
iwn associa.es was most appro en?.
le? d v.as so daring, that at the muirion of
i< r name, .he ofiiet.rs would not instantly
iCi.'oim .!. No d inger so terrifying, no
erviccs so menial but that for the honor of
v?u i Carolina every private would
iie? t lii danger. and perform tije service.
Ie was nobly sustained by liolli otHcers
iiul priva.es. lie mentioned the names of
Hapuiin IJIakenev, Lieu:. Pegucs, Ensigns
^i ts and Drown who were present, in
erms of high commendation. The r:ontommissioned
officers orderly John White
tnd others were equally deserving his
mart felt thanks for their co-operation on
ill occasions with him, in the honorable
mil faithful discharge of duly, Ilavinsr
ried ihem ho pronounced the citizen solii
ry the bulwork of the Constitution and
lie d pository of liberty. He said that the
ic.ar v welcome of so intellitrent and enlightl
- # ^ O
nod a community ns this, when at th:s moncnt
o;i which side so ever he turned his
ye. ho saw the 'leaving bosons 01 patriotism
11 : liit b'azing eve of intelligence, is more
nan a s uTiciont compensation for all the
>rivatio'.s and suilorings of a Florida enm>nign.
T .at it produced a sensation, underto
): only by him who lias tried it. When
iom official station the character and glory
>f.*?on ii Carolina was entrusted by the Excntivc
of the State in part to him?to
lour the people sny that his associates and
ie liad returned tlio trust with the character
fthcFtac 7nisulhed, with the Palmetto
intarnisbed. having done a i men could do,
curdling for the savage foe where we
hough: lie lay concealed; had filied Ins soul
rith a thrill of cx'atic pleasure.
Major Harllee then adverted to tho meranti'e
general pecuniary distress throughii?
the country. Inculcated, patience, t'ori-'viracne,
frugality and determined pcrs>-or'
nee. as the proper mode to hotter our
on i tion. lie was widi thesulfi rers heart
n ! iunul, and r ady to co.opcruto in any
... ruble scheme Ii; might think HlFc ua!.
iiancut or even temporary relief. T-?e
. cv was deranged. The derangement
o
. . .ill produced by the disgraceful nos'
;..r- ' f political quacks, and uu] -ss those
: >r managed be! tor. no ii;n_r won id
::e"; appropriate than .0 liur! t!?* m
an o; V?c. by the just indignation of an
inch nun red people. After returning his
nuks for the kindness offered m Captain
:'nkv:: v uid his company,and die l.atter
n'tin.cnt oli'*rcd -o his liattaliian and j
df. Major Hardee concluded by of-J
j uie following sentiment.
'/he Ciiza 1 Soldiery ef South Ca'olina.? ;
vftli their resources m;jt i, phy>i<\al and polit- j
:?!. tliov will ever yliew themselves as ready '
c t > protect llefr riglils and intorst<
Tiius: invasion roiuo irotn whence it may. j
9. The treaty with 'lie S 'minifies.?Peace |
, of V! " ' '"TV j
for the removal of the Red Man of the f >re.-t
he agreed on by boRi parties be honestly and
full"' carried into eject.
10. The Indian Race. Humanity weeps
over their f allen and ble-'niinsj condition, Vv e
declare to the world that it was more in Sorrow
than in anger that the white man yielded
to the strong neccssi.v of self defence in raising
his arm against litem.
11. The memory of those who fell in the
Florida service.
I'd. The Choraw and Waccamaw Rail
Road?The times are gloomy. Vet a cordial
co-operation oft iiosc interested will insure it
success.
Rl. The Ladies of Carolina?Let tiinm favor
with the smiles, tho?o. who are ready to
defend them from massacre and who are anxnns
to form a more perfect union to promote
men vuuuuri iiuu Ji?ipp:iii^.
BY THE COMMITTEE OF ARRANGEME
NTS.
fV. A. M. Lotcry?May the character of
| liis Regiment always ho ns nobly sustained
j abroad as it was in the Florida service by
| Capt. Blakcnev and his Company.
VOLCNTEERS.
j By Capt. Richard Phclan.? dapi. James
1 11*. Ijiakenry?Gallant, courteous and honorI
able; when his Country called far his serI
vices?when tlie company who were destined
i to serve that Country in Florida, unanimousi
ly called upon him to lead them, layinrr all
i selfish consideration aside, he bravely vol
' untcercd and responded promptly to the call,
j He is worthy and deserve? any honor civil or
military which his native district, can bestow
! upon him.
j Capt. Bhkeny reclied to this sentiment in
i the most eloquent, high minded, and feeling
| manner and in conclusion olib-red the follow
I
i
I 7V Chrraw JAglil Infantry.?A corps vo%
I untnrily united to discharge the duties oi*their
Country: Commanded by such officers and
! composed of such materia!?, its efficiency can
never be doubted.
Capt. Phclan returned thanks for his Company
and himself for the cordial manner in
which this toast was received and oflered the
tbllovinsr sentiment:
The Cit izens of Cherrt'c.?They have done
honor to themselves. In ?reetm? the Soldiers
i on their return home from the service of their
' - ? ? 1 t ...
| wountiy, mcy nave uone nonor iu uiu uuia-.
| Carolina will not bo wanting in sons native
j ami adopted to fight her battles whilst such a
! reception as this awaits them en their return
from War.
I Bv T)r. W. Godfrey.?Maj. TVm. 11" Ilarlj
Ice?Though t h ? fortune of war hasnotcrownj
ed him with laurels, he has merited and received
the just approbation of his Commandi?g
General.
By Mr. W. D. Ilaily.?South Carolina
Soldiers?Always ready to labor, to fight, to
starve or die in defence of their Countrv.
By Tho A. Bryan.?Texas.?She must be
admitted into the Union in spite of Northern
fanatics and Abolitionists.
Letters were received from Capt. J. W.
Durant of Horry and Ajutant E. P. Mont!
goraery of Williamsburg regretting that cir!.
cumstanccs bevond their control would deprive
j them of the pleasure of being present. The
i Adjutant sent tho following sentiment:?
j The Friends whom a Community of service
: and a conirenialitv of Sou!, have linked tngetii
1 cr; may the blandishments of a tranquil and a
: peaceful life never weaken the tie?, nor lesson
; that warmth of feeling lhat entwines them to
I each other.
j By the Committee of arrangements.?Dr.
j Thomas K. Poire?Our faithful Represent a.
j tive in the State Legislature?may'lie long
live to represent us.
! I>r. Powe mode an eloquent and appropriate
i response to this sentiment and concluded by
i offering tlie followingtoast:?
j The approbation of his constituents. The
1 most grateful reward a Representative can
j receive.
I By the Commitrce of arrangements.?Gen.
11";/?. J. JIanna?As an officer prompt and
j efficient, as a Citizen honorable "and gentlei
manly?lie is an honor to theTlh Brigade,
j By Col. D. S. Harllee President of the Day.
I ?The South Carolina Battalion?Although
j they have brought back no bleeding trophies
| of Victory won from the enemy in the battle
| field, yet they have brought back the reputaJ
lion of prompt Citizen Soldiers, ready to have
! protected suffering Florida had an occasion
? - > - H 4^1.^ .1.^
ollcred lor tliem to nave none so. ?* u uuu uic
will for the deed.
By A. P. Lacosle, Esq. 1st Vice President.
?The Merchants of the United States?The
n iched machinations of a corrupt Government,
mnv crush their credit and impair their fortune?,
but can never take from thorn their
honor or bring them ns suppliants to the foot
of power.
By IV. Tiios. Powc, 2nd Vice President.
?Capt. J. IV. Blakeney?11 is spirited and
! patriotic bearing in volunteering his services
i in J he late campaign, justly entitle him to our
i highest regard and wannest admiration.
By ('apt. Itichard Phclan, 3rd Vice Presij
dent.?Capt. Joint Malloy?Although c ire um'
stances prevented him from going to Florida
?'huso who were immediately identified with
him, and who know hint best, have the gn?at|
est confidence in his courage and patriotism.
Capt. M.iiloy in reply to this toast defended
J the cour.>c he had taken to the satisfaction of
i every one present. Nothing but to sustain
[ his honor and integrity as a ! aerchant, and to
; act in good faith towards his friends and credi
iters, could have prevented him from repairi
ing promptly to the scene of action,
j lie was followed by Capt. Biakeney and
I Major Graham, who in the most eloquent and
j impressive manner bore testimony of the puri:
ty of the Captains motives, and showed that
! the reasons given by him for not going were
; not feigned but true.
j By Col. A. M. Lowry.?Capt. Elakcncy and
( his Cr.mr.any?The twin ite^iniem uas ui-t.-n
! l:oRorcd bv tlie manner in which they acquit'
ted themselves in the Florida ^rvioe.
j By Major Alexander Graham.?Cap/. John
j Malioy?Induced to declinegoin-jr to Florida,
I not. from a w.ini of courage or patriotism for
| he has a large supply of both : but from his integrity
as a merrh uiN and a ju-a estimate of
; duty punctually to fulfil his obligations to othi
ors.
j I>y Capt. John Malioy.?The Chesterfield
I ami Mart borough Company, far (he Florida
I Campaign ?Th ir Commaad-rhas done himi
self the highest honor by the invariable kind.
ne?s with which he treated them, and the
Company have done themselves equal honor
for the strict obedience and subordination
which they manifested to hiin. They have
j proved themselves emphatically Carolina Citizc'L
Soldiers, and discrvc, as Officers and Soldiers,
a hearty welcome and a well done.
13y Lieut. Felix* Long.? The Militia of
I South Carolina?Kvcr ready at their Country's
caiJ?may they always return as unsullied
from sorv:cc, as those wo this day honor.
Bv I/cut. Joseph Ilervoy.? The Militia of
South ('andina?Their progressive discipline,
ready displayed, are happy presages of their ! (
j future achievement. i j
l Hy 1/eut. A. McKenzie.?The. Ci'.izcn Si;!- j
. titers of South Carolina?Their courage the j
' precious treasure of their State?their patrio- j
thin her be*t defence. i i
I J
THE BANK OF ENGLAND'S SUS. 1
i PENSION' OF SPECIE PAYMENTS,
i.\ 1707.
The present posture of affairs in the j I
| United States will give great in crest to the j
. annexed br cf history of the suspension of (
! specie payments by the l?ank of England, t
i which is from sources to be relied upon: i (
i ,;Ou the *JG h of February, 1707, being j
; Sunday, an older of the privy council was j
transmitted to the bank towards evening* j ]
prohibiting the further payment of specie i j
i until the pleasure of Parliament should be J.
ma<Ie known. The Parliament too!: t!ic j ^
subject into ceusidertion on the next day, j j
February *,!7, and approved of the order of I {
tl ?r* s%r\ .?i rl1h.i LMi?iwmo'An /* I
J? I i* j vuiiiT .tn a in; ^U^I'V ijo.V/II v/i .
specie payment was originally intended to ]
bo only a temporary measure, and the
strongest assurances were given to this of- j
i feet on the part ot tlic bank and the govern- j
| mcnt. It wasf however, continued from I (
j time to time, but always as a temporary ! (
j measure, until, in 1**10. Tweny-two '
i years sifter trie suspension of pavilions, .
stcpts began serious! v to bo taken for resuming
specie payments, wh'cli were, in fact, |,
resumed, on iiio 1st of May, 162^3. The!,
bank thus presents the &ingu!;;r example of j
a virtual insolvency lor twenty-six years,
i and even:ual redemption of its paper and
i its credit; and this re.urn to specie payments
was not attended by any revulsion or com- !'
I niercial shock; preparations were made
i for it lontj beforehand. The amount of 1
| the notes of tbe bank in circulation was
reduced from about ?24,000,000 to about
! 18,000,000. In the mean time a new
| coinage of g: Id bad been issued, in 18211822,
to theamoun. of ?14,877.547, which
s suppled the country chasm made in the
i circulation of the country by the reduction
; of the nmoun' of Bunk of Mngland noes,
' and also went to replenish the voults of the 1
J bank, in prepartion for the run that might '
j he made ilio resumption of paymen'; but
| the danger was passed v.il'i the greatest
rP!.rt !?o/l
UlUllllY. 1 ill; UlllllV nun s IUIU uvjiiuviu'v..,
' or, as the phrase was at the time, the price
! of bullion had gradually risin, so as to be
; at one period, at the rate of 14 or 15 per
cent.; and if the bank had then stopped :
j suddenly, and, if we may imagine it pos;
sible, had redeemed the whole of i'S paper !
! .?25,000,000or more, wi:h specie, it would
been again to the then holders of the n<tes?
. in the whole, ?3,5000, 000. and a loss to
the then debtors to the bank of the same
j amount, assuming the depreciation to
j be 14 per cent, while the bank itself would
I have lost only ihe amount of bad debts
; which would have been made by such a
:; sudden and tremendous revulsion; tor the
j moment of the bank's resuming to pay j
j specie itself, by this v -rv operation, it re. j
; (hired tiie payments to lh? bank by i's debt- j
j ors, to specie; for the bank bad a right to i
. demand payment of notes and bills dis- '
: counted in specie, or what would have been j
i equivalent, its own notes. Such a measure j
would evidently have shaken tin* kingdom
! to its foundations, and probably have
| brought down its commercial, financial,
I and economical systems in ruins. Instead
of such a catastrophe, either in discontinuing
or renewing payments, of specie, each
I of which was equally difficult and hazardous,
the transition in tlio dopracitricn of |
paper was gradual, and almost impreccpt- j
j ible, and afier the overthrow of Napoleon,
| its rise in value 4vas again, for the most
j part, as gradual, until it arri ved at a par i n
. with gold, before the rcsurr.p'ion of specie
payments. In a political, financial, and:
coinmsroial view, this institution, from th< I
'suspension to the resumption of specie i
payments presents a stupendous phenome- j
; non, unparalleled in history. The suspen- !
j ston of payments, in 1707, was one of ,
; those l>old measures, which are justified )
j only by extreme cases, are, in fact, the only !
j prudent measures. The whole system of i
j financial administration, and all the com-1
' merciul combinations .and-connexions of j
1 the kingdom, wore involved in the affairs
j of the instittrion at the time of its stopping.
i 11 .1.^ ??,i
j III 1 i'Jl. i iIC llOl'KTS m ill.; u*>iv.a, turn
the doposi'ors, were pressing to tin; bank i
J for specie, of which r!i<?ro remained in the
vaults only ?1.272,000 while the note's and
j claims outstanding, and which might be :
: demanded, were 10.230, and the dc-1
mauds were pouring in with a stiil increas,.
i ingtiJo. I; seemed probable that the bank !
must stop payment after paying out this .
I spoc.e; flie shock, whatever it might be,'
! must be encountered, and it was very justly j
; supposed that it would lx\ in a measure.!
I broken, by anticipating the necessity, and j
j stopping wi n more than a million in its j
i vruits, instead of waiting until they should i
have been cm tied. The reasons given in'
i Parliament in favor of this susspension of I
I payment, and of its continuance from time
j to time, were, 1. that the bank could not,
continue its dic.mnts, and its payments in !
'specie; and, if i*s diseouu's were stopped,
: or greatly reduce I, the commerce of the
j country would be destroyed: 2. that the
1 credit of the Government would bo lost if
i the bank shoukf cease to make advances
j upon its taxes: t>. ihat speck) payment, J
.! were of no benefit to England, as die
specie, on bein^ drawn from :he ban!;, went
| abroad: 4. thai it was more important
: that the bank s!to"M exist. titan that i? j
j should meet its paynn-ts at tee expense of ;
its existence: 0. that th- comnvrelal ari
ramjemetrs. crmhinatious, and rcla'ions,
j ixisting in the kingdom, would he broken
I no be the disoKitiou of tiiis institution, and,
uein^ once broken up, could never be re.
i ncweii: and. G. that it was bet cr to s op I
specie payments while sp<cie and bullion |
cotijd be k< j)f in ihe ooun'ry by ti: at J 1
nvans. Su<*Ii were the reasons given in !'
favor of the m :?sure, and though it lias!
l>: en censured by some, who have pretend. 1
led to discover m it the cause of much |
| iiiinnci.il and common in) derangement,! j
?-?* fhey t.ot v;b !>v v."*' r-e-r- ".se I
iV-at Ihifain coulij have struggled thr< ujh
he !en i ?lo conilictsof that period. '
: * ?
J'rorn the N. Oil fans Courier.
MEXICO?Vera Cruz letters of i. c
L2:!i M^y, receive ! an arrival this morning
( present the state of t i::gs in that city as
n .iquil?the intelligence of the rapture
rf the Mexican brit* of war by the Natelw-z.
md her being carried in'o Pensacola, had
H'cn received, hut little sensation?the
Mexicans were willing to renew the nmi:able
relat ons whicli hitherto existed 1mvveen
the two nations, provided the Ameri:ans
cease making reprisals.
We i i.a:n t' at r.ea !v ror:y mil* s of to
ilail Koad from Wilmington, will be read'.'
or ;he cars hy tlio middle of Novemlter ;
ind the whole work will be completed bv
he end of the next vear?when rli^rc will
y
)C a continuous ltoil Road from ihis town
.o* Wilmington, in N. C., a distance of24~>
mil^s, which will probably ho the longest
\\ail Read in the United States.
Portsmouth Times.
Medical College of South Car * /.?In
consequence of the r'signnrio of Dr.
Charles Davis, as Prof ssor of Ch rrsv y, a
meeting of the Board of Trustees a ok
place on Monday last. On that orev en,
Dr. Wm. Hume was elee'ed Prof ,csor of
Chemistry, and Dr. R. B. Strohel, Piol-s.
sor of Anatomy.?Charleston Court- MARRIED,
In this tewn rn Wednesday the 2oth ins;.., ,
by the Rev. James C. Furman, Mr. G. A. Per- - i
diccaris, to Miss Margaret E. IKxeord. '
COMMERCIAL RECORD. ,
PRICES CURRENT. MAY 2.
Reef in market, lb G 8
Bacon from wagons, lb 10 11
by retail, lb 12$
Butter lb 20 25
Beeswax lb 20 22
Bugging yard 18 25
Bjleropc lb 12 14
Codec lb 12$ 1G
Cotton lOOibs 5 8
Corn bushel 80 I 100
Hour Country, brl 700 800
Northern, brl 1300 1000,
Feathers from waggons 1!> 40 45
Fodder. .. ! 1-25 150
Hides grcrn !h 5
dry lb 10
Iron IGOibs 5 00 650
Indigo lb 75 250
Lime cask 000 000
Lird lb 121 '
Leather sole lb 25 2%
Lead bar lb 10
Logwood "lb 10 124
Molasses gal 45 55
Nails cut assorted lb 8$ 9
wrought lb 20
Oats bushel 40 50
Oil curriers gal 75 100
lamp 125
linseed 120 137?
Paints white lead keg 325 425
SpanLh brown lb 8 124
Peas, 874 10u
Pork lOOlbs SOU OPU
Pice ruOlbs 400 500
Shot, B.:g 225 250
lb 121
Sugar lb 10 124
.Salt sack 300 325
salt bush . 87 4 100
Stool American lb 10 10 %
English lb 14
German lb 12 14
Tallow lb 10 12$
Tea imperial lb 125 1374
hyson lb 100 125
Tobacco manufactured lb 10 15
Window glass 8 x P* 5011 325 350
10x 12 3501 375
The price of cotton is nominal. None is
brought in lor sale.
Chesterfield District.
Elizabeth Boant vs. Willian Parrish and
Cclecta his wife.
It appearing to my satisfaction, that William
Parish and ('electa his wife reside without this
Slate: it is therefore ordered that they all appear
and object to the division on sale of the real
Estate of Charles Lisanbcc deceased on or before
the third Monday in July next, or thoro consent
~ ...mi u.. . i _r i
cu iliU aaxiiu v.iu ur: iui ivuuju.
Tl'RXKR BRYAN, O. C. p.
May 2-2, 1-537. 29-8*.
Sheriff's Sale.1?.
Oil writs nj Fieri Facias.
II.Ti ho sold ut tho Tiantation lately ov. ji?
V cd by Daniel Nicholson, whereon Maleom
McLoud resides, on the first Tuesday in
June next, within the legal hours, the fallowing
property viz:?
One Ox?four Cows and Calves, nine head of
hogs, t wo Yearlings, and one bed and furniture,
levied ou as the property of Daniel Nicholson,
at the suit of .Mark Hailey and Goodrich and
Webb vs. Daniel Nicholson.
Terms, cash?purchasers will pay for Sheriffs
pipers.
A. M. I.OWRY, s. r. t>.
Sheriff's Office, ?
8 .May, 1?37. S 27 3t
Cheraw and Waccamaw
Rail Road.
Tut: Members of 7\.*c l>oe ami Waeranmv
Rail Road Convention, held at Marion Court
House, on the twenty-third of January last, are
informed that the Commissioners appointed t<?
c iusc t!io route to be explored, and to report ? ?
the practicability and expediency of Hie proposed
undcrtak ?g, have performed the duties com.
mitted to them, and arc ready to make a report:
the President therefore, in compliance with the
Resolutions of the Convention, has the honor io
convoke the members to re-asscmblc at Marion
('curt 1 Tense on tho eond Monday in Juno.
Ti;" citizen1 of JTurlintrton and Georgetown
?i ..* ?'j
ajjii ?/i i 'Jiiito x uiir?u# uiv
f'n'ly and earnestiy invited to appoint deNgatv.-t
J<? : tt"iul tlicC'onvcMi'iop, end to unit* v.*Ith their
f llo-.v-citi/cns in a zealous and energetic cliort
to accomplish an enterprise so pregnant with
hcneiils to even* portion of our conn try.
1). S. IIARLLEK.
Pres. of Convention.
Rowand's Tonic Mixture,
fPERSONS afflicted with Fever & Ague will
consult their best interest Ly applying loll &
:Ygkn r at tiio Store of Mr. Julin A. Jnglis where
they can always procure the above truly valuable
medicine.
JOIIX WRIGHT, Agent.
May 17 07 .It
Snlid Oil.
pTJ()R rale at the PRFG S TORT/.
*' A*r"*} 2(1 li
i ti