Newspaper Page Text
I’u! if she do nc t—if she should oppress and nro- |
scrub.-, »ve would be unworthy a gl »rio s an
cestry d:d we submit—w m is , we will aban
don her Where liberty is, there is a free
man’s horn e.
llSfe?
RECORBKR 4.W *PY.
H. Cobb & itt. BL GathrigM, F<l.
AURARZA GEO APIUIa 26,3X04.
rrr We are authorised to say that a meetir-r ofthe
’UltflGltf AND STATE RIGHTS
Party of Lumpkin county, will be bold at Dahioi; nega- ,
on the first Tuesday in June next.
——
Chattahoochee Bank.
We learn from the Columbus Sentinel, that the
Stock of this institution, has been transferred rnto
Other hands, and it will very sho.tly recommence
lts operations, under the most auspicious circnm- j
stances. We would caution the holders of uh bills
against parting with them, as there is no doubt but
"the Bank will be amply able to redeem them, in a
uhort time. The following persons are the new
Directors: Gen. A- Lawhon. President; Isaac
Mitehell, Esq. Dr. John B- Kennedy. Mr. Thomas
L. Jackson, and Col. John Aidton. Robert AV.
(Jarnos* Chasliicr.
——
Removal of the Deposits Bitra.
THOMAS C. BOWEN, a native of Ireland,
who from his own account of himself, resided in
the Spanish and Mexican dominions for several
years, immediately preceding his settlement .n tins
country, made it convenient to retrace his s •p*
bar k to the old world, or s< me other unknown ,
country, with Fourteen Thousand nine Hundred
and Fifty five dwts. of fluxed Gold, Belonging to
the Bank of Darien, entiusted to his care by the
Agent ofthat Bank in this place, and to be deliv
ery] to the Agent of the Bank at Savannah.
We understand that several ot er i- dividual* are
likely to become loosers by this elopement, to what
amount, we have not been enabled tn ascertain.
Leflers have been received from him post marker!
al Charleston. South Carolina, in which it i* said
hr- stated, that he could not withstand rhe tempt
tian, that person would be useless, and that b<s
creditors might make the best of his goods he had
left behind.
MisftiHg- Operation*.
\s far as we have been enable to ascertain, the
Mining business throughout the Gold region thus
far. the present season, has succeeded beyond the
most sanguine expectations. The Miners all tell
US lb it they realize from 15 to <2O per cent, more
upon their labor, than thev did at this season lasi
year, C'd Roswell Kino. Agent of the Darien
Bank, stistaitis these statements. He informs ns
lint he lias purchased more gold within five of the
List weeks, than he did in five mouths of last year,
ending tlm I*l of August.
This success perhaps. i« owing in a great mea
mre, to ibe knowledge and skill our miners have
acquired from practice, and close observation. I lie
mmihg operations in this country, have been til
most rxi lusiv. lv confined to the Depositr mines,
which have precluded every thing like an examina
lion into the vein mines. Our Miners seen to te
limiJ. and evince a great want of that piud- nt
vri’eij'rsi-so cc.is-'.:! vto a devclopenu lit of the
reul v dm ol their property.
'I in- cuirmilli- c viitlam r and perseverance, and
the unexampled surees< of Mtssrs AA ahi. &’ Mat
thews, in ihe ilevelopeme.it of a vein mine upon a
lot, owned by them coi.joitiily. will, we hope, in
npir* our < itizens with a spirit of investigation and
iniiusn v. so ncccssarv to the advancement of their
mteicsts. in their avocation.
We had the pleasure a few days since, of wit
nessing il c operations on this mine, and an exam
(nation of the ore* taken from H, we venture the
assertion, that ores of an equal richness, arc not tn
Le found in any vein vet opened in the southern
country. A shaft upwards of one hundred fret, lias
been sunk upon the vein, at this depth, we air
informed by these get airmen. that the ore is equal
in richness, to that in any other put ofthe vein It
i* limn six to nine feet in width, extending in a <1 -
reel line N E. ami S. AV. from three to five hum!
re I yards, at which points, it seems to be shut out
by i smlden interruption of a vein of Hom blend
links. This vein is embedded in ihe mica slate,
ot .m.eliv colour, which produces to the touch, a
sens tion similar lo that ol line soap stone. The
nrrv p-r srnt a varietv ol color*, such as lead, grev,
xelluw. black and variegated, produced vve imagine
lio n n combination of different Oxvds. such as
1:oii. lion I'viiie*. Arsenic, Ac. interspersed with
I'. c trJ and y« Haw ochtes. The gold is seldom
p r- rplible tn the cv c
M: *-is. AA are and Matthews, have recently er
i . rd a small Stamping Al ill. for redin mg the ores,
which hi«s pt't gone into opr ratton. Th-v made
wi;h iwciiiv hand* in sixteen ot thr fii-t <>ursofiis
operation. G 1 dwts. of gtdd. Ihe washing pro
cess i* G ute simple, anil tn us. it seems that the
whole muchmcrv i* wry imperfect. For th* ore*
er p .xxing through the Stamping Mill, are scarce.
! v re lured to the fineness of small hominy. AA e
]• ve no doubt, but that these orcs will yield a third
n etc on a second pounding and w ishinf.
Tuts country has been made the theatre of spe
c uUuotl, upon which th* actors in mans instances.
• .»e | ’ ive<l th ;i parts with > r »l and tal*«<(. wot
v <■’ i* • Th * spirit, wo tii'e no
doubt, has contrhntpd more towards keeping hack
an examination into the geology, and various me
tals of the country, that, pr-rbaps anv other cause
T is country, as all will testify who pretend to any
knowledge of it whatever, abound in almost ail the
valuable me'als of whit h we have any knotvledgi
Miners who have only a superficial know led. c of
the science of Mineralogy, tell as. and from our
limited knowledge of this science, we think it quite
probable, that there are to be found in various
sections..f the gol-1 region. Iron ores, ores or siib
snhstances resembling hlack and red lead, or s of
Mercurv in small quantities, ores of Zinc, together
with various othr-r metalic substances the proper
ties of tvhmh. thev are unable tn as<-ortain. all ”’hi< h
might perhaps, he turned to nrnfii hv a skillful *n
terprising Miner. We intend publishing from
approved vvork= in nnr possession, such articles tip
on Geolngv and Mineralogy, as we max deem use
ful »n our miners, and interesting to our political
and miscellaneous readers
Virginia IFleelions.
| We have returns from a few counties of Virginia
I elections. Messrs Thomas J. Randolph and Al
exander Rive . (both Administration candidates)
! ar n elected from the countv of Albermarl. The
votes were for Rives. 590, R ondolpb. 581, Soul hall
540. Gilmer 530 The two latter were the anti
ad mmistra'ion conrlidates.
i Spottsylvania—Mr Crutchfield. (Adm.) it is
I said, will succeed Stephenson, who is also an Ad
ministration candidate.
Charlotte —Mr. Madison. (Adm.) is elected.
Prince George—Mr. Shands, (Anti-Adm.) is el
ected. by a majority of 37 votes.
Sussex—Hargraves (new member and Adm.)
177. Pegram, old member and (Anti Adm.) 77.
R< ck Brid ge—.McDonald and Dorman, one Ad
ministration. the other Anti Administration.
FOR THE RECORDER AX'D SPY.
Aurarift, 25 April, 1834.
Messrs. Cobb Gatliright Since mv arri
val in your place, I learn with much regret '
that reports are in circulation in your county
” 7 hich have mttned some credit among vonr
citizens, (hat a number muskets were fur
nished a part, of the ci(izr,: q of Murr.7’ J county,
by Governor Lumpkin, previous to tho Sitin'l*
of our last Superior court, for the purpose of ]
resisting by force a decision of Judge Hooper j
in a judicial pro' e< dmg, then N. now pending
between (’ol. AV m. N. Bishop, and Nelson
Dickerson, for the office of Clerk <>f the Supe
rior court ofthat con ty, in the event the de
cisoti w.is against ('<d Bishop; that these facts
had been communicated by myself, who was I
the confident of the Bishop party to others tn 1
• lie cor fidenee of the Dickerson and Indian j
parties, that a show of musketry was displayed !
hi or alm it the ( . ll.during the silt.ng of i
the Court. & that the meeting, tiie proceedings ’
nt wliuh were lately pnbh-hed io the Western!
ll> mid, va* gotten, tip by the agency, or
through tiie infl iern eof Governor Lumpkin. ,
All which, * ! itcineiits, I pronounce to be’
fi»!*e. Governor Luninkm bud no agency or j
•nil .cnee in getting up the m< e ing, nor did lie
know (or imnfd have known) that there were |
muskets of a certain order, or anv other fire
arm- in the possession of the Rislicp partv. for
anv purpose whatever. 'l’lio citizens of Mnr-1
rnv county need not the council of Governor!
Lumpkin in the pro-sceiitjon of their rights !
If thev hold meetings and pass resolutions, or
d » any other art considered by n certain parly
as hi Idy ivlpablc, let the ren.-ur fall upon us •
ni.d not upon tiie innoeen'.
11 circumstances *ho»dd require it, other ex
plaiuiltons < an, and will be made, to ihe entire
-aiislai imn of an impailial community.
J AMES ROGERS.
VKTZON MEETING.
FUR THE Rk-CoHDI-R AND SPY.
On the 19'h utsi. according to previous no
tire, the Inends of ihe Unt'iii in Hall county,
convened tn the spammi’ Academv nt Gaines
ville, and although it was a l>u-v time With the
I uruiei*. vet the house was so crowd* d, that
live of the sleepers partially g ive wav. After
i u tv impressive and patriotic appeal, to the
Throne «>f Grace, by 'he Rev. David L. Be
lew, the meeting was organized hv calling (L n.
Jtl||\ BA TES, to t!ie Chair, ns-isted bv
ROBERT WILI SON. E-q. a* Vice Pre
-1 sulei.t, and E. M JO NSG N, as Seeremry
' The ol.p ct ol the meeting having been *tmed
it V ihe President, on motion of Doct. JOHN
|M M’ FLE.it was
1 Krsoiccd, That a Committee of five be ap—
-1 pointed bv me Pre.-ident to druti a Preamble
; and Resolution* expressive ofthe sense ofthe
j meeting.
j (A hereupon* the ('loot earned as that Com
mittee. Dr. John M. Mr Al i*. Major Henry
I . >itns, Joseph Du agnu, sq. Map/r Severe
( I nk. and Mn] u John E Brown.
'i lu < ommitwe havmg retired, ai’ier a short
absence returned, and reported a Preamtde ami
Resolutions, <<n d< inning in 'be strongest
'eitn-, ihe ifoctriuc ol Nulliti«‘ation. and de
clining the formation o' political Associations
a* mexpedu'ot and dangerous to Litivrty, re
i solving that the I mon Pai ' v in I tali would
not tore thcm*elv' s into .suc h an Association,
unie-s the tot liter elforts nnd conduct ol thr
adv» t-e iHirtv, icndei it nt vr-sarv.
The meeting w .- then ai!tlr< s-ed at eotisi
<!eial‘le L" gii t'v .1 .-i'p'i Ilunegin, |.-q. it tut
Alaior 11. 1.. Suns, m an able and forcible
manner.
Oji t ikmg the vote, the Pr amide and lit
solipions wi r • adop <d w ; u .; a disarming
Ihr nieetmg i.ic.t piocerd. d to ballot for
('and date* to r.-pre-ent the county ol ii bi, in
the t: xt (. •:>< mi A'*cm‘!v • * tt.e >iaie o!
(••• • _ .1, v 1 ;• h i '* I d . : c io.ee ol
roa rttr.
.1 IS-iPH Dl N ; * AN. iLc
nnUSE OF REPRESENTATIVES.
Dr. JOHN M M< AFI'E.
Maj. 1* WMOND SANFORD,
M ILEY E- VVOOD, Esq. and
HENRY L- SIMS, Esq.
On motion, a Cnrnmilteo of five was then
appointed to call upon the fjentb-men nomtna
< d. to signify their acceptance or otherwise of
ihe nomination
On motion, Resolved. I hat the proceedings
be signed by the Piesident and Secretary, and
published.
'I he meeting then adjourned.
JOHN ‘B A'l'F.S, President. !
E. M. JOHNSON, Secretary.
From the Southern
W e have taken the liberty of giving the fol- j
lowing letter a place in our columns, (although J
it was no doubt intended as a privete commit-1
uication only.) because we think the sound '
political views it contains, furnish a snfliciont ;
apology for the act. AA e would have omitted ;
the part complimentary to nur*e|ves. bat w- I
did not like to r<>h the production of it.-; fair ;
proportions, by Iming over fastidious.
H ashiiigton, Gen. March 25, 1834.
Gentlemen, —ln becoming one of your
subscribers I cannot refrain from expressing
the pleasure I feel at the course you have ad
opted in the important crisis which has at rived
in our country. Neither can I withhold the
praise which is award, d you on every hand,
and which the ability, the manly firmness and
independent spirit which characterizes your
paper, so justly entitled you to.
If (here ever was a tune when ihe indepen
dence of the press in the People's cause,
should be supported by every e(Tr i >et means,
it is now. Every one must be sensible of the
importance, yea, the absolute necessity, of im
parting to the public mind cm reel information
upon all matters of public policy, especially
when the rights and liberties of the people, &
the stabi'ity and safety of their national insti
tutions are involved and at stake. There is
no one who has spent a moment’s thought up
on the subject, but who must be aware of the
existence of this necessity, when thev recol
lect that a very large body of the people, even
tn our own country, often times shape their
own political course, not from a correct exam
ination and just estimate of facts, b it from the
opinions— ves. the bare will and dictation of
tn.'ir le.?^ c * p ! The people, down to the very
•‘dregs'’ ofso< ,*ely. are amply capable ofjudg-|
ing for therm-. Ives, nnd mung correctly, if!
facts are submitted ’lu irl. 1h- y know but |
little of the intrigue ai>d ‘ hi artery of politics,
and are not guarded again*t the sophistry and
machinations rd those in whom titr-J' -dteit
times place their coiifidenee. I fear but lit'<‘
when such presses as yours are found m the
field, combatting the errms & heresies which
are set afloat m our eommmiity. I fear not
when 1 see around me men of undoubted tal
ent and prin< iple, and who have grown gre in
the service of their country, manfully re-isling
the oppression which is sought Io be pul < u ns
bv a party m our own State. wh >, foil wing ;
llie wake of ,i tew ambitious arid di-app -i.i'.ed !
aspirants, seek by every means lo destroy the j
eoiifideriee of the people in the governin’ n' of !
their < hoi e. and flood our cmintr; by the most
absurd and d'sorgainzing dot irmes -.v men ever
befel a government or di*graeed a people.
1 hope you will ex- ise tiie liberty 1 have
taken of writing the above. My side obj’ i i
when I set <low. was io request y-mr valuable
paper to be sent me, which i hope you will do
, wituout delay.
1 am your ob’t serv’t.
From the Washington Press.
I
Retail Politicians.— This ti le tn iv be ap
lied t<» all those sapient individuals — meh as ■
gen* railv compose me rank and tde <> ihe va- j
; li.lilt opposition —who Imrratc ilieir ain.imm-
I tion irmn tiie unconstitutional Pre -e- <it v >mu
Ho tile monieii misi »eracv, and l»e-pa ter \on
I with it on all occasion* in the must pr Vokin_
manner im <ginablr.
One of these retailers will field vou an hour
Ibv the buiton, and wi lithe ui is. - ir. ifi : ice,
' dole ab m u-ur >atioii —de-p<>H m—-ivr nnv—
I Jackson—arbitrary—dep.xiie- rum r> vmu
i lions —iis.sa.-siiiitmm sword a d |)'H* —mre-
| f ithei’s blood—children’s de- my, ami a hmi
snml other scare < row expression*, all which
I you have perhap- been r dng Im a mmiieni
I'elore m tha. Journal ot Poh e Litera ure, 'lie
• 1. Stale- lelegtapn, edi.ed bv the notable
' Dull'.
• Another will catch v<»u by the arm, and m
I the no*t polite m inner, ’ii-inuaie mat you ure
a blackguard, bv a-imig how it «- po-sible .a
anv man can .-uu.mit ITr-icleut, when all me
wenlih, luletn mid r> *p» ciamii y «>! the eoun
’tn are ugamsi him, e*peciallv since be ha*
taken the respoii-ibilitv of roinim tmg * .ch
high hand, d acts— ike up Mr IA ...*h’s Ga
ze le, ilia refined and classic -ii-cl. and vou
may read i e same seutiniems in alm-sl tiie
i same word*.
Another will very c«»mtcouslv ell you ihn
(wen .Jackson o.igat io i.e hung airoui-r tf.a l
!he is in hi- dot ige—at other ill .( he want- m
) tie proclaimed Ixmg—am»mer luat An."- Ke.i
dall direct* hi* < .mn-e * —atertiier he i* mad
strong and ob*nm'c. « d >'dl li-ten io ti ’ ad
vice—it i* nothing l» »t bow ic<uc Irom i rip t<»
J 'wler, Al vr all, me anole o iteiv is but an
: echo from tiles* pmk* m polim -. me i ele
graph. National liuelhg'n er. Na'imuil Ga-
Z'-’ip, Conner and Enjmrer \om - Si.ir, »:■•
\me:t an —..r d -mn'.' iuu .- 'i<un ptc*se.* o| our
own ami other S airs, m t rank tr un <x t<» iz ird
among the trt .kiy iflsiier* <d uroih and
garbage.
i Ins great uproar again*t ihe Piestdent i*
j wmHjertul'.v < iiculated m a d and asi-t the
cause ol irdl.ti a'l n—w’m ■> we in imiltie
but rtullifi.- s’r>n am! national*—Daniel Geb
*ier and M’Ditii Cla. ami (.a n •Hi-
ll ; me and li.s Pi —the I' mk and the >oecu
jii i I lie Bmkrnul and tt; r•_ tie tm!e
j.’-- so. e iit'r i'':og ail me o.*a. ■. etc i net; tie
■ ui:-ap,<-outerf, have embraced m one iiatern.al
I bog, pledging to each other even the sacrifice
lof their honor tn putting dowm the man who
(dale do his country servic, but whom they
hate.
These are days of rejoicing for the mtlltfi
ets, and a great many union men are belt ing
them in their enjoyments—the more perplexi
ties and embarrassments thrown in the G<»v
icrtirnent’s way the better—the more contusion
and discord created :n Congress, tJto neaier
! approach to revolution and disunion.
Men a7e blindly wuirki-’g out their own de
ist rue t ion—-1 hey ready to s-jcihuip tncii
country to their jmef^t—>hey are unwilling to
endure a present evil to secure n las'ing good
they suffer their feelings and titef passions
to be placed upon by those wh<> hnve neimoi
principle nor patriotism, but would sell their
country to gain their ends. ’J i* trii''* v. e an
now suffer—our purses are light. welm.’O tn<>-i
ney- to pay, business is stagnated, our resou.*"- I
ces have failed, and our energies for a mo- j
ment have been parabzed; but Ihe vigor of life •
most soon again return, when our condition I
will become far more prosperous and hapny
than our fondest hopes and anticipations could
ever hope to realize. But let ns in an evil
hour act unwiselv, and say the institutions of|
our country shall he destroyed—let brother ■
meet brother with the glittering steel—let ns '
see the blood flowing from our children’s
veins, drawn by a kindred hand let us behold !
ourselves io the midst of’a civil war. and it will i
then be too late to wish that we had loved oar '
money less, and oar country more.
From the Federal Union.
Cassville /Willificatioil Meeting. — During
the late adjourned term of Cass Superior/
Court, a nullification meeting was held in
Cassville, which was an otijec* of derision to
those who witnessed it; but it has assumed an
atr of importance by the publication of its pro
ceedings. I'liis meeting passing several res
olutions which evince a profligate disregard
for the truth. One of these resolutions ac
cuses the governor of appointing certain per
sons, justices of the mlenor court, in the
places of those who were elected by the peo
ple. This is a disgraceful fabrication. The
Governor made no appointment', he Commis
sioned those who according to the election re- ,
turns submitted to him, were duly elected by
ihe citizens of Cass. The law declares, that
elections shall be conducted under the super
intendence of persons who are not thctn.-elves
candidates. It was deemed unsafe to allow
anv one to be the manager and judge of Ins
ow n election; but Spencer Rile , one of the
candidates, either tgnora it of this law, or dis
regirding the wholesome prohibitmri, presided
at the election in the Alatoony di irict. This
was a ar feet, not m form, bin tn substance; it
affected the character of tlie election for purity
and mt* grit); and conclusive evidence has
been f misle d to the executive, that there was
a gross negligence, or fraud tn the manage
ment. The tally lists) do not contain the names
of ill those citizens wiio voted .“gauist hpeu
<er Riley, and Ins associates. ihe rulni'ns.
-no.vcd, that a! tins precinct, the election in n ;
material point, was illegally field. Tins lib* ;
gabty aff-eted every vote given at the precmct; |
not a vote had been received agree.• blv to law ; ‘
not a vote could legally be counted. Yet the j
Nullification '.’.vetmg has the hardihood to i
• ensure the Governor fbj rejecting the renirn
ol tlns illegal proceeding in ihe. Alatoony di- -
iri< t. Al the other cicction grounds in the.
countv, tiie election had been legally Held, and i
tile returns had been d dv in ide to the Exei u- ’
live, ami could not be rejected by him. Ihe f
illegality at Altoonv con d m>t vitiate the elee- i
Hon at Cassville. I'he persons h iving the
highest number of votes, on tiie returns which
the Governor was autiior/.xed and req ired to
receive, were entitled to demand coinuns-nm*
fmu him; and to these, and to no others, lie
i •-ii, <1 comini-s m* But the Nullification
• Meeting at Ca-svi le, lias the eflrmrtrey to ac
tive him <>l appointing these per-ons, to the
l. ffi es I’nr wiiic'i they were elected.
Gue ol tiie res ihitmn- accuses certain per
s<ms, w hose name* it docs not mention, ofai
tempis ••io tun over the judiciary ot this (the
I'herokee) circuit.” Counsel employed by tne
Govi rtmr, appeared in behalf of 'tie Sta e, ack
iiowu dged the authority of the Judge, and en
deavored by fur and honoratile argument, 'o
prevent anv deei-mn which might lie injurious
to the State, is this a proper subject for cen
sure?
Another resolution accuses ifie Governor of
empl lying and pay trig couu-e|, -‘in r ase- pure
ly oftween pr<vnte individuals.” This is r.ot
true. Coun-el wa* not employed by the Gov
ernor ‘•in eases po elv between private individ
uals:'’ tiie coun-el employed by the Governor,
were expressly informed, in written instruc
tion* under Ins hand, and lhev publicl' avowed
in Court, that the duty lor which they were
engaged, required them, m»t to defend private
rights, out o> -nslaiil the policy ot ttie .State,
' ind to in iin'.nn Us sovereign authority oyer
(ho ten ht-roke- cour.ties —anauthurifv deni
ed, and out in issue, by the lulls v»htrh tt>e
•Judge had s in>'ti mud. i Ire u.vestig itmn ol
the*e pu >le’ lights mid a 0-'':,-s-.trv. ami m.i'e
ri if 'iemug on the rteflts .if the mdividu ri par
ties t«» the bill* atifl it was a source ol gta.ifi
cittu>?i. th it th- 1 d-'ieiu e <d public ng/its find a
•irni io i d <■ fl-irti /e in securing tie r gat* id
pr.v ;te citic n-, L-u muiiiier* Sc iheir Cher
okee allies dn on me i ie !«■»*• r o>r lor endea\
..ring t»y .11 tie ■ m .mu >.nal near.- i t Ins
power, lorn Mutant the autnoi it v ot Uih law-,
and t<» pre-erve umm > i r- d >he *ov i uguty <»:
li.u State ou r tier •» •■*• li-ir/i ry; lh« -pie,
wh ■ ate In- Hl’;, s.-e* ihd H* i i.ige*, will up
prove ba* <i ieit’v, a > I vig uui e. and z a’, c
the service of i. - imumrv.
.1 n i i: -u- ; ..j Jim.. ,/;g
;/»r ihe United >td ‘ .
i'lm ouj-tis vi ii pr-c r I'j. g >v - eoi
i .id o- -c in: <■ ig no •t<• . .■. iii • -
ipiat sguri/j-’ r _ T'.-'.v.-.J . * ■::•
aghinst ’.or. bv exreSs.ve discounts on not
at a distance, together with rhe general eqo a ,
ization of exchange. I>> <’(f -c1 these objects
'I would suggest (hat each state incorporate
the following provisions in ad its Bunk char
! tern:
' 1. Every bank to redeem its notes by spe-
• cie in the principal commercial city of tho
• State; the P insylvenia Banks, for insm- ce,
;to redeem theirs in Philadelphia, & the small
! nol< s to be redeemed both in the principal
(c;.'v and at the bank itself.
! 2. No bank to issue notes to more than
hnenndn half times the amount of its eapi
uii..
3. The State to prepare bank note plates
! for tlie several denominations of notes, and
Imp them signed and emrn'erstgned by two
state oflicers, arid an amount t rnished to
each (tank stieh as it is permitted by its capi
tal to issue, and the bank issuing the note to
pi.it ’ii? impress'on of its own plate on the o
ther side of 'he paper, having on it the impres
sion of the s’afe plate. Thus all the ton dol
lar notes is*tied Pennsylvania would have a
uniform impression •'»! tn 1 ' s'ate piate on one
side, and the impression ofthe particular batik
on the other.
4. No bank to loan more than one-thirtieth
ihe amount of its capital on the notes and en
dorsrnents of one individual, nor more than
one-tenth of'its capital to all the directors.
5. No bank to divide m >re than seven per
cent, per annum: anv surplus income to be
reserved for division every tenth year.
G. No dividend to be made winch shall im
pair the capital stock, under penalty of fine,
imprisonment, and personal liability on the
director* making if.
7. A safety fund to be established by con
tributions of one-half of one per cent, yearly
by each bank till the co /tributions amount to
four per cent, on its capital. This fund to bo
appropriated to the payment of ihe deficiency
in debts of any bank which may become in
solvent; and in such case the contributions to
be renewed til! thev amount lo the four t>er
cent, again. Anv bank on ihe expiration of
Hs charier to be entitled to the return of its
proportion ofthe funds.
3. Cotnmissiom rs to he appointedby all fhf?
ba ks, and bv the legislature, to tnsnect the
books and specie of each bank penodii ally,
ami publish an account of its debts and means
of payment. These commissioners to have
power to close the doors and take possession
of the effect- of anv bank whn'i may have
violated it* charter or become insolvent.
she three primary parts of this system
are;
1. The redemption of all notes at the prin
cipal commercial city, which is now practised
by all the Banks in 51 assaehusetts.
2. The safety fund, which i* in operation
in New York.
3. The use of a common plate, belonging
to the State, to be impressed on the biv k of
'he notes of all the banks, w inch is original.—
The advantages of this Slate plate, will bo,
fir-t, to prevent anv bank tram making exces
sive issues of ne'es, as it will receive but a fix
t-J quantity from the Slate: secondly, it will
give ii formation to persons throughout the L
nti>n, who become acquainted with the State
plate, that Ihe bank, whose note is on the o*
ther side ofthe paper, is a genuine and prop
erly restricted one; fouilioy, it will render
counterfeiting difficuh and facilitate the detec
tion of cmintei f<uis, as the knowbdg of the
Stille plate will become generally diffused, and
a reference to that will be sufficient to <let< r
rnme the genuineness <d the. note, bv persons
who cannot carry m their termllection the pc
ctilnrtlies of all tie* notes of tfie different
banks*; fifihiy. d the State plate embrat es, as
it should do, a statement of the principal fea
ture* and securities <>f the Banking system of
the Slate, it will give information t>< those tn
whom the notes are offered, and secure a
I general currency of the note* of those St ,'es
whose banks are properly restricted, nil this
will lead other ■N'ate* to adopt a simi'ar sys
tem out of regard to th ir own interests.
If any ' tale should >• fu-e to adopt the sys
tem. or an analogous ime, the citizens of that
i Slate would he the s.dF. r -is; tor their it" R
I would not pas’sn' a distance, except at ;t h vy
I discount, and they would be the lasers of
i the amount of the discount.
In consequence of the general confidence
that this plan would establish, and the ca~e of
transmitting bank notes to the place of re
demption, the banks of ddfbreut States would
I make arrangements with each other for col
- looting drafts. & • arrymg on exchange trans*
| actrnns, at moderate rates, much less, we ap-
• prehend. than those nsunllv changed by the
i Bank of the United States.
| With thia svstern and a currency of gold
I com, provided i»v an net of Congress, no B ink
’’ notes would pro >a >ly be over two or Juree
1 |n r « en>, discount in the most distant parts of
I tin-Umon. Bit o>w we find that with all
’ ii»e boasted advan’tiges of the I tilted Stales
t Bank, the notes of the Erie Bank <d 1’ nsvl.
I vatiid. which pays spec e, are it 5 per < ent,
d'sc.i ntt iti site city of P iiladclphni. Luder
■ Hie pn>pos. d ariangi inent they would bo at
. !>ar.
S!itrij} s Office, April 2Glh. 183-1.
7 IE S ■ : itlot I.i>m;kin count v, wi I for the in tire
; JL i<Jv* t-e fas L vi< s indie RECORDER and
; .*», i p.>!s- <1 a' Aut aria,«i w iiich ail contetiitd are
'r- q'lirci! to ■< , !;e due notice.
SA Ml i i. Ki?* ~ <
I GEOBGI %, JKJ.irt X¥ t Ul S i V-
. ’ll E.ii >. As B ca- >a toray, J in. a..;.hcs to rn<i
j vV ’ tt-r. V! ic.H.rati.at. on tin- .state <>i
B ja ma M ntay, i i -■» * c-maj '!• < ■ •j-eti :
-• a c t o f ef-ir-- to cm* and ad.-tiontsfi all arm sin-
• f r t'i" hl idl' d a !< t <’ tors fsai'l d'-c- ase-i, to b'*-
• i .I a: ... ar at in. .•' ui'hin in-ti i<■ c < ribed
• ><»- • v< . i-e it .i-o t iey have, wn;. s.o. ;ct
< ier* ... il i :t->t He graot' u.
i i.n an u. d r <u* na-id al oincc, t’es I.lt■ ay c , r? 3
' 'J t.
( \t.\’ to. J Ks'i.*., c, r. o