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“THB VNIoH OP THE STATES, AND TUB 8QVKKEIUNT» OP THE STATES.*
IMfiHflW
— —•—rrrrr
BY VAN NESS, BETHUNE & CLINE.
COLUMBUS, GEORGIA, SATURDAY, JULY 2S, 1832.
FirTH VOLUME-NUMBER 11
THE EirdUIRER
IS PUBLISHED WEEKLY,
A T three dollars p«r uiun, payable in ad
vance: or four dollars if not paid for before
{be end nf the year.
Advektisicmxnt* will be inrerted at the rates
ef seventy-five cent* per hundred words for the
first insertion, and fifty cents for each week’s
continuance. In all advertisements, the words
that do not amount to an even handled, will be
considered as an hundred, and charged as such.
When ■••.he number of insertions of an advertise
ment is not specified, it will be continued until
forbid, and charged accordingly.
Sheriffs' and other Officers’advertisements in
serted at customary rates.
Lsttcus to the Editors on business must be
•post-paid,- and in all cases where it is not done,
the postage will be charged to the writer.
SALES OF LAND, by Administrators, Exe
cutors or Guardians, are required by law to bo
-held on the first Tuesday in the month, between
the hours of ten in the forenoon and three in the
atyrnoon, at the court-house in the county in
which the property is situate. Notice of these
are to be given in a public gazette SIXTY DAY S
previous to the day of sale.
SALES OF NEGROES must-bn at public
auction, on the first Tuesday of the month, be
tween the usual hours of sale, at the place of
public sales in the county where the Letters Tes
tamentary, of Administration or Guardianship,
may have been granted, first giving SIXTY
DAYS' notice .thereof, in one of the public ga-
mites of this state, and at the door of tho court
house where such sales arc to be held.
Notice for the sale of Personal Property must
IKi given in like manner for FORTY DAYS
previous to the day of sale. *
Notice to the debtors and creditors of an Estate
must be published FORTY DAYS-
Notice that application will bo made to the
Court of Ordinary for LEAVE TO SELL
LAND, must be published FOUR MONTHS.
Notice for LEAVE TO SELL NEGROES
must be published for FOUR MONTHS, be
fore any order absolute shall be made llicieou by
the Court. -
FACTORAGE
AND
COMMISSION BUSINESS,
At Apalachicola.
E dward j hardin, thankful to his
friends for the patronage already extended
•to him, respectfully'solicits a continuance of the
same. To those who may hereafter favor him
with their custom, he has tha pleasuro to.say, his
arrangements are snch as to secure to them dis
patch anil economy in the conducting' their busi
ness at the Bay, being ihe consignee of the boats
belonging to the Columbus Steamboat Company,
•and of a regular line Of packets running both to
New York and New Orleans. Liberal advances
will be made on produce consigned, when re
quired, and hills of exchange purchased on New
York, Charleston,New Orleans and Mobile.
O’ A liberal price Will 1)0 paid rn f-'l Sffl for
mveral hundred thousand good pipe and hogs
head Staves and Heading, delivered at Apala
chicola. '
Columbus,-SOlli July—10—tf
erBtrHfB.
T HE Subscribers have just received and of
fer for sale, upon accommodating terms, the
following articles:
4 /bgWb bushels ground Alum Salt,
r« TfUTf 20,000 lbs. Swedes Iron,
1,000 lbs..Cast 8teel,
1,000 lbs. German do.
1,000 lbs. Sheet Iron,
500 Russia Sheet Iron
1,000 Hoop Iron,
200 bbls. New Orleans Sugar,
8 hhds. St. Croix do.
150 hags Green Coffee,
10 bags Java do.
40 bbls. best Flour,
50 boxes Soap,
24 'doe. Lemon Syrup, . *
6 doz. Wine Bittern,
400 lbs. solt shelled Almonds,
30 kegs Dupont’s Fon der,
20 ltcgs common do.
‘ 250 kegs Nails, assorted sizes,
120 bids. Molasses,
8 bbls. Loaf Sugar,
40 boxes Sperm Candles,
15 bbls. Northern Rum,
20 bbls. Mackerel,
350 pieces best Kentucky Bagging,
125 coils Rope,
20,000 lbs. Bacon.
Together with divers other at tides, consti
tuting ufull assortment of Groceries
SMITH & MORGAN.
Mav 3—61—If
1 Florida Sugar,
THE
WARE-HOUSE
AND
Commission Business
W ILL be continued hy the subscribers un
der the firm of S. K Hodges A Co. who,
whilo they fool grateful for former favors will ea-
dcavour to deserved continuance of them.
SEABORN JONES,
SAMUEL K. IIODGES.
Ox CowstcsuENT—And will be sold on accommo-
dating terms
GROCERIES.
/kik bbls. N. Orleans and Fl
lllllf 20 hhds. do. <fo
300 sacks Coffee,
250 sack* Liverpool ground and blown Sail,
250 “ allum and Tiomqny do.
1,000 lbs Costings, pots, ovens, 'andirons, Ac.
12 qr. casks Lisbon Wine,
Torter in bottles; Cider in do ; Axes-,
Tea; Loaf Sugar; White Havanna do.;
75 pieces Kentucky Bagging; .
40 " Inverness do.;
50 coils Bale Rope; Bagging Twine;
lo.OOOIbi. Bacon; 40 kegs Lard;
40 bbls. Flour; 10 bbls. Suits;
100 bbls. N-O.and Florid* Molasses and Syrup
700 hhds. West India Molasses:
10 bbls. Pickled Fork, mess usd prime;
Mackerel, No. 2;
Hardware, Cutlery, Are.
50,000 Segars, various qualities;
Trace Chains: Wrought Nailst
60 kegs Nails, 4d to 20d
* DRY-GOODS.
40 pieces Linen, various qualities;
S " Linen Drilling,
Whito and Red Flannel; Blue Flains;
Checks; Striped Domesticlis;
Bilks; ’ Sewing Silk; Spool Cotton;
Calicoes; . Cotton and Wool Cards;
Mosquito Netting;
* Writing and letter Fapci;
Hats: Leghorn Bonnots; Boots Sc Shoes.
FURNITURE.
1 Secretary and Book-Case;
2 Bureaus;
1 Ladies’ Workstand;
1 Portable Desk.
Jnly 10-9—tf
WM. P. MALONE.
WWAS taken lTio store next door to Smith
MX Morgan, Fecund from I*. J. Davies & Co.
corner of Broad and Randolph streets, where he
has just received (eight days from New Ot leans)
a general assortment of
GROCERIES.
100 bbls Sugar,
. 50 bags Coffee,
300 sacks Salt,
100 pieces cotton Bagging,
50 coils Rope,
50 bh)s Whiskey* -
20 do. Northern Gin,
20 do. I\ llum,
50 do. Molasses,
20 do. old Monoiigahnlu Whiskey,
1 pipe Cogniac Brandy,
1 do. Holland Gin,
30 bbls. Mackerel, No. 3,
10 do. do. No. 1.
20 do. superfine Flour
75 casks Nails,
12,000 lbs. Bacon ►
Teneriffe Wine,
Malaga do.
Muscat do.
Claret do.
Cordials, Lemon Syrup,
Raisins, Soap, loaf Sugar,
Rice, sperm Candles, Tobacco,
Willi many other articles in his line, which will
be sold on accommodating terms.
Columbus, June 9—-4—tf
Brads;
NEW FIRM.
GENERAL. AGENCY
AND .
COMMISSION BUSINESS,
Columbus, Georgia.
T HE subscribers respectfully acquaint their
frienJs and the public that they have form
ed a connexion m the above business, under the
came and style of
SHORTER, TARVER & C«
They bare commodious and extensive arrange-
ffieats.iu progress for tho reception and storage of
Bkduce, ona will be prepared to make advances
onahe same while in store or under shipment to
New Orleans or New York.
E. S. SHORTER,
BENJ. P TARVER.
May—49—J /AMES II. SHORTER.
COLUMBUS
HAT STORE.
AAA
NOURSE & CLARK
H .\ V E received from the Factory by the Idle
arrivals,
Hats of the latest fashions,
—•CONSMTINO OF—
Black, White and Drab Rocky Moun
tain Beaver and Otter
HATS,
Of a very superior quality, making their assort
ment extensive and complete.
—ALSO—
CAPS,
Consisting of Seal. Leather, Chinchilla, Circas
sian and Children’s fancy silk.
READY-MADE CLOTHING
ID* Cash paid for Hotting Fore.
F<Sh 17—40—tf
ON CONSIONMENT,
AND FOR SALE BY
SHORTER, TARVER & C«.
pieces Circassians;
3 “ Superfine Bgmbnzetts, assorted; *
82 “ Fancy Prints, do.
68 “ Plaid and Striped Domestics;
3 “ Negro Cloth (woollen:)
7 “ Sflttinett;
3 “ Fustians;
32 do’/., blue, purple and red Plaid Iidkfs.
1 10 12 do. French Urilaimius dot.
2 6-12 Britan liras do.
24 Loutlicr Caps,
1 ps. 6-4 Table Diaper;
4 11-12 doz. Pocket Booksj
2 ps. sup. black Crape;
6 “ Swiss Book Muslin;
2 “ Tambour’d Book do.
7, 11 “ : Lono do.
2 “ superfine Merino Cloth;
4 supeifine Green Tubfo Covets;
5 do. blue do.
3 ps. Velveteens;
19 Coverlets;
1 doz. Cambric Iidkfs.
2 “ black silk Gloves;
1 8-12 do. white do.
. GROCERIES,
20 hbls. Prime Pork;
9 “ Mackerel No. 3;
4“ do. No. 1;
1 pipe American Bumdy;
4 qi. casks Malaga Wine';
2 do, Teneriffe do,
1 Indian bbl. Muscat Wine;
10 bbls. New Orleans Ruin; ,
5 “ Loaf Sugar;
9 kegs Tobticco;
6 boxes Champaign?;
20 “ Raisins;
6 baskets §weot Oil;
20 boxes Cider;
8 “ Segars, first quality;
5 “ Sperm Candles;
12 “ Smoked Herring,
10. bags Coffee.
All of which articles will be sold by whole
sale and oil accommodating terms. Mer
chants from the country would do well to
call and examine for themselves.
June 8—4—if
G. W. DZLLXZY6BAM,
IIAS FOU SALE
BARRELS prime pickled Pork, put
■ "P" " up uuder inspection at Cincinnati,
20,000 lbs. Bacon'.
f>0 hhls. Mackerel,
200 do New Orleans MoIjxsfcs,
50 do Western Whiskey,
200 do New Orleans, Sugar,
50 do low priced Sugar,
200 sacks Liverpool ground and Turk’s Isl
and Salt,*
150 bolts Brown’s celebrated Kentucky cot
ton Bagging.
100 sides upper Leather,
3.000 lbs. sole Leather, •
80 coil* bale Hope,
5.000 lbs. blue grit Grindstones.
Muy 19— 1
HOME SPUN N
O F vanoua kinds and colors, just received
by a. W Dll.LINc
Jonn 51—5—tf
G.W DILLINGHAM.
eiotfjtua.
J.-S. SMITH & Co.
NEXT DOOR TO THE COLUMBUS BANK,
Have received a handsome assortment of
SUMMER CLOTEIttG,
. CONSISTING Or
Black Bomliazino COATS arid COATEES,
Do. Circassian do. do.
Brown and Green Merino Circassian do.
Cisinett Frock and DrcsS do.
Black lasting do. do. dol
ROUND JACKETS.
Black Bombnzine Round Jackets,
Brown linen and Cotton do.
Do. Striped do.
VESTS.
White and figured Marseilles VeSS r
Do. do. Valencia do.
Plain do. Silk do.
Do. do. Velvet do.
Du. do. Swansdowndu.
PANTALOONS.
Black Rombaziue and Lasting Pantaloons,
Do. Circassian do.
Brown and black Brochiltns do.
White and brown Linen Drilling, do.
Do. Cotton do.
Drab Merino Casimere Pant!*!
Do. Roan do. do.
Cord and Russia Duck do. .
Fustian do.*
Linen Shirts with Raffles,
While do.
Brown do
Linen and Cotton Draws, *
Negro Clothing.
AU of which they offer for sale at low prices.
Columbus, April 14—48—tf
NOURSE & CLARK
II WL JUST RKCF.tVED AN ASSORTMENT OF
WXIZTS BEAVER HATS.
A splendid article.
ALSO.—SUMMER CLOTHING
May 14—52—If
LAW BOOKS,
NEW AND IN GOOD ORDER.
W ILL be sold at Public Auction. onMonday
Utli August, at the Columbus Auction
Room, the following new Law Books. Sale to
commence at 7 o'clock, evening.
Ckitty's Criminal Law, Phillips’ Speeches
3 vols. Jonos on Bailment
" Pleading, 3 vs. Field's Blackstono
Durnford &. East’B Re- Holt on. I.ILot
ports, 4 vols. Law of Lien
Condensed Reports S. Perkins on Convey an-
Court of U. Suites, cing
Peters'condensed Rnp. Jefferson's Manual
2 vots. Christian’s Blackstono,
Taunton's Rep. 4 vols. 4 vols. i
Wulkor's Rnp. 4 vols. Burlumuquo, 2 vols.
Starkie’s Rep. 2 vols. Laws of Georgia of
Dallas’Rep. 4 vols. force
Bay’s llep. 2 volt. Roberts on Frauds
Washington’s Rep. 3 v. Law of Patents
Livingston's Rep. -Law of Infancy
Saunders on Pleading Manning’s Digest
nndEvidonce,2vols. Sugdeu on Powers
Pothicr on Obligtilious. Hall's digested Index
2 vols. Oliver's Precedents
Cruise on Real Proper- Crown CiicuitCompn-
ty, 4 vols. nion
Hoffman's Chancery, 2 Church’s Digest, 2 vols.
vots. Moore Index, 2 vols.
Ingersull's Ahridgcm'L Kent’s Commentaries,
Ifuwkin’s Plena ef tho 4 vols. [4 vols.
Crown, 2 vols. Arekhuld’s Blackstone,
Ulnckstone’s Common- *• -Practice,
taries, 2 vols “ Appendix,
Sugden's Treatise “ and Clirist-
Comyn on Contract? inn's Blackstone, 4 vis
Hoffman’s Cases Powell on Mortgages
Woodfall’s Landlord i& lloper on Properly,2 vis
Tenant, Ilnil'S Law Journal, 5vls
Powell q|i Devises CnntpbeH’sNisi I’rius, 4
Virginia Cnses vols.
Marius on Bills
If not all sold the first evening, the sale will ho
continued on the next.
July 20. - E. S. NORTON. Auc'r
E. WELLS & Co.
H AVE just received at the sign of tho Gilt
Boot,
4 doz. fine CALFSKINS.
ALSO,
Lining Skins, Binding, Sfc.
June 28-7—If .
WO COMBINATIONS!
FREE TRADE.
Earthen- Ware, Glass, China
and Looking-Glass.
Thomas j. barrow & Co.
Impoiters and wholesale dealer^, No. 88 Water
Stroet, New.York, offer for aalc, a very
large and general aasort*
ment of
Earthen- Ware, Glass, China and Look
ing Glasses,
£4 ELECTED with thegreutcRt care and com-
CT prising every variety ofpink, purple, brown,
black, blue edged, and C C. W.orc, also, every
styli of plain & gilt Looking Classes, Chinn and
Glass Ware, which will be disposed of as usual
at free and unshackled prices, low for casli or city
acceptance*. The attention of Merchants gem*
rally is invited to our Establishment and plan of
business, an calculated to benefit the interest of nil*
dealing in the lino. Particular attention will be
paid to all orders by tetter from our Southern
friends, pledging ourselves to pay more than usual
attention to their communications, by giving them
the newest stylo of Goods, and putting them doten
to the vt ry loiecst rush price.
T. J. BARROW & Co.
88 Water*Street, Netc- York.
New York, July 4—9—3t
NEW SUPPLY.
GROCERIES
AT APALACHICOLA.
T HE subscriber has just received perschoon*
ers Mary, Hannah and Elizabeth, and Eme
tine, from New Orleans, the following groceries:
20,000 lbs. Bacon,
50 barrels Fork,
50 do Whiskoy,
15 hhds. prime New Orleans Sugar,
30 bbls. Rum,
150 casks Nails, (assorted,)
50 bbls. Flour,
100 coils baH Rope,*
100 pieces Kentucky Bagging,
30 coils Manilla and tarred Roue,
(> pipes Cognac Brandy and Holland Gin.
GO bags prime Havanna Coffee,
25,000 best Havanna Segars.
The above, together with his stock on hand
is the best assortment ever offered in this market,
all of which will be sold low for cash ox approved
paper. C. E NORTON.
Apalachicola, May 10—1—tf
COTTON.
^JMITH A-MORGAN Wfll wish to purchase
►5 early in the Fall,
lOOO bales of Cotton,"
in snuare packages and Kentucky bagging,weigh
ing between four hundred and four hundred and
fifty pounds, purposely for the Now Orleans mar
ket. for which a liberul price will bo given.
July II—Q—tf
NEW STORE.
J. S. SMITH & C«-
H AVE commenced business in this place, and
taken tho Store next door to the Columbus
Bauk, and offer foi sale a handsome assortment of
Dry-Ooods, Clothing,
Hats, &o.
AMONG WHICH AUK THE FOLLOWlNOt
Rich Prints, French Drilling
Foulard Muslins, London do.
White do. White silk Pongee
Irish Linens and Lawns Iidkfs.
White Cambric Linen Fig'd do. do.
Iidkfs. Gentlemen’s whito arid
Bordered do. fig’d Cravats
Borage Shuwls Marble, half IIoso
Crape Scarfs Whito do. do.
Do* Shawls Lambawool do.
White and black Laco (/lark’s Spool Cotton
Veils Pins and Needles
Green Gauze do. Patent Thread
Black Italian and Gros Shoe do.
dc Nap Silks Cotton und eilkCmbrch
Fig’d changeable* do. las
It.nl. and Canton Crapes Bonnet Wire and Reeds
Bl‘k fig’d CYipo Robes Osnaburghs, Fustians
Ginghams Bed Ticks
Furniture Prints Brown 3*4 Homespun
Ladies ivbite silk clock'd “ 4*4 do.
Hose Chock’d do.
Cotton do. do. Carpeting Rugs
Shell, tuck and ride Green Table Covers
Combs and ntaroped Baize
Brazilian do. Dunstable Bonnets
Binding, &c. 1 case fine Leghorns. &c.
READY-MADE CLOTHING
EATS,
An \vc intend soiling for casli. purchasers will
find our prico? low. J. 8 SMITH <fc Co.
Columbus, April 6—47—tf
MESSAGE
FROM THE PRESIDENT OF THE
UNITED STATES,
] Returning the Bank Bill, with hit Objections, fee.
To tub Senate:
Tho bill “ to modify and continue” tho
act entitled “ An net to incorporate the
subscribers to tho Bank of tite United
Stiu'es,” whs presented to mo on the 4th
July hist. Having considered it with that
solemn iOgat'.'l to the principles of the
Constitution wide.': the tiny was calculated
to inspire, und como to f.'>o conclusion that
it Ought uot to bocome t» 'latVr I herewith
return it to tho Senate, in which <t origin
ated, with my objections.
A Bank of iho United. States is, in many
respects, convenient fortho Government,
and useful to tho people. {Entertaining
litis opinion, and deeply impressed with
the bclidf that some of I A) powers ond
privileges possessed by the existing bunk
are unauthorized by the Constitution,
subversive of the rights of the Sfutcs, und
dangerous to tl)e libetlies of tho people,
1 felt it my duty, at an early period' of niy
administration, to call the attention of
Congress to the practicability of orgunizing
an institution combining all its advanta
ges, and obviutiug these objections. I
sincerely regset, that, in the act before
me, 1 cun perceive none of tlioso inodifi-
cations of tho bank chatter which are no*
cessury, in my opinion, to mtike .it com
phlible with justice, with sound policy, or
with tho constitution of onr country.
The present corporate body, denomina
ted tho President, Directors, and Com
pany ol tire Bank of tite United Stales,
will have existed, at the timu this act is
intended to take effect, twenty years. It
enjoys an exclusive privilege of banking,
under (lie authority of the General Go
vernment, a monopoly ef its favor und
support, and, as a necessary consequence,
almost a monopoly of tho foreign mid do
mestic exchange. Tito powers, privile
ges, and favors bestowed upon it in the
original charter, by increasing the value
ol tite stock far ahovv its par value, ope
rated us a gratuity of many millions to tho
stockholders.
An apology may bo found for the fail,
tiro to guard against Ibis result, in tite con
sideration that the effect of the original
act ef incorporation could not bo certain
ly foreseen at the time of its passage.—
The act bnforo me'proposcs uiiolher gra
tuity to the holders of tho same stock,
and in many cases, to tho same tnon, of at
least soyen millions more. Tiiis dona-
iron Bnds no apology in any uncertainty as
to the effect df tho act. On nil hands it
is conceded that its passage will increase,
at least twenty or thirty per cent, more,
ihe market prico of tho stock, subject to
the paymeut of the annuity of $200,000
per yoar, secured hy the act; thus adding,
in a moment, one fourth to its par Value.
It is not our own citizens only who are to
receive the bounty of our Government.
More than eight millions of the slock of
this bank are hold by foreigner*. By this
act, the American- Republican proposes
virtually to make 'Item a present of some
millions of dollars. For tlioso grutuities
to foreigners, und to some of our own Opu
lent citizens, the act secures no equivalent
whatever. They are the certain gains
of the present stockholders under the op
eration of. this net, after muking full al
lowance for tho payment of the bonus.
Lvcry monopoly, und all exclusivo pri
POWERS & NA*FEW
A RE now opening their uanortmeot of Goods
tor the Soring and Sammpr, consisting of
super blurs buck and brown Cloths, l.inrns,
Printed Muslins, Calicoes, Ginghams, Bilks,
Funcy Bhuwls and Scarfs, Ribbons, Bead Bags,
Gloves, iko. Also,* Erminettf, Yellow Nankeonn
Black Princetta, French Linens and Drillings,
&c. for gentlemen's wear. Black and Drab
Beaver Hats, superior quality.
Ready-made Clothing.
Cnlambn?, March S—43
R.
I NFORMS the Printers generally that this mu
chine is so constructed ns to be applied to any
common Printing Press. It is attached by the
rounee, and adds very liltlo to tho labor of the
Pressman. Having throe composition Rollars,
besides the distributing Rollur, the distribution is
sufficient for the Urgent and heaviest form. The
inking Hollar is propelled by weights, and goes
twice over the foi'm. The quantity of ink taken
can be regulatod with accuracy, thus preserving
a uniformity of color unattainable by hand; and as
it dispohses with the Rollur Boy, it is an object of
importance to Printers, both on the Hcore of eco
nomy and doing good work.
Printers wishing to obtain the ubovc, by giving
notice to tho Agent, they shall he immediately at
tended to. E. 8. NORTON,
June 23—7 Columbus Ga.
NEWSPAPER AGENCYT ~
T HE subscriber inf jrins the public that he ha9
been appointed Agent lor the following'
Publications:
The Ladies' Book, a monthly, at $3 per
year.
The Casket • “ “ §2 50
per year,
The Saturday Evening Post, weekly at
$2 per year.
Lift in Nrto York, weekly, at 83 per veAr.
Name forwardul with tho amount of transcrip
tion, pfutuge paid will meet with prompt atten
tion. E. S. NORTON, Agent.
Coliunbn?, May 31—3
vilegns, tiro granted at tho expense of the
public, which ought to receive a fair
equivalent. Tho many millions which
tiiis act proposes to bestow on the stock
holders oi the existing bank, must come
directly or indirectly out of the earnings
of the American People, it is due to
them, therefore, if their Government sell
monopolies and exclusivo privileges, that
they should at least exact for them as much
as they are worth in opon market.—
Tho value of the monopoly in this case
’may be corractly ascertained. The 28,-
000,000 of stock would probably be at an
advance of fifty per cent, and command
in market at least forty-two millions of
TO PRINTERS.
TUB SUHSCHIIIEIt, AGENT FOR
Woods Inking Machinc,\ dollars, subject to tho payment of the
.*) present bonus. Tho present value of the
monopoly is seventeen millions of dollars,
r JOII PRINTING
Neatly Executed at this Office.
and this the act proposes to sell for three
millions, payable in fifteen annual instal
ments of $200,000 each.
It is not conceivable bow the present
stockholders can have any claim to the
special favor of tho Government. Tho
present corporation lias enjoyed its mo
nopoly during thu period stipulated in the
original contract. If we must have such
a corporation why should not the. Gov
ernment sell out tho whole slock, und thus
secure to tho people the full market value
of the privileges gratitedl Why should
not Congress cicule and sell twenty-eight
millions of stock, incorporating the pur
chasers with ail the poweis and privileges
secured in this act, ami putting the pie-
niitiui upon the sales into the Treasury!
But this act does not permit competi
tion iu the purchase of this monopoly.—
It seems to bo predicated on tlie erroneous
idoa, that the present stockholders huvoa
prescriptive right not only to tho favor,
but to the bounty of Government. It ap
pears that more than a fourth part of the
stock is held by foreigners, and the resi
duo is held by a few hundred of our own
citizens, chiefly of the richest class. For
their boneflt does this act cxcludo the
whole American people from competition
in the purchase of this monopoly, and dis
pose of It for many millions less thin, it is
worth. This seems the Irss excusable,
becuuse some of our citizens, not now
stock holders, petitioned that the door of
competition might bo opened, and offered
to take a charter on terms mnch ntoro
favorable to the Government and country.
But this proposition, although jnndu by.
men whoso aggregate wealth is believed
to bo equal to all the ,private stock in tho
existing bank, has been set aside, auil tliO
bounty of our Government is proposed to
bo again bestowed on the few who have
been fortunate enough to secure the stock,
and at this moment wield the power of
the existing institution. I cannot porceivo j
.\hl> justice or policy of this cou.su. If
our Government must sell monopolies, it
would scv'ut -lo bo its duly to take nothing
less than their foil Value ; and if gratuities
must be made ones in fifteen or Twenty
years, let them uot be bfstoivcd on the
subjects of a for oign government, nor upon
a designated and favored class of men in
our own cbnnlry. It is but justice nnd
good policy, as far as the uutitre of tho
cose will admit, to confine our fnvors to
our own fellow-citizens, and let each in
his turn enjoy an opportunity to profit In
our bounty. I„ ,|.e bearinp ol the uc't
before me, upon these points, I find am
ple reason, why >t should not become a
11 has been urged as an argument in favor
of rechortertng tho present bank, that the'
calling in its Ioann will produce great em
barrassment and distress. The 6 time «1.
lowed to close Us concerns is ample; and
lf H c 1,S , b< i u " we , mann fi ed . ft* pressure
will be light, and hoavv only in cose its
management has been bad. If, therefore.
it shall produce distress, tho fault will bo
us own; and it would furnish a reason a-
gamst renewing a power whiob lies beeu
-«> obviously abused. But will there over
“‘Tf, "T"' tea,on will bo less
powerful? To acknowledge its fofee, is
to admit tljat the bank ought to be perpet-
T iTi’J* Sa conse quence, the present
stockholders, and those inheriting their
rights as successors, bo established n pri-
viteged order, clothed both with great no.
luteal power, and enjoying immense pe-
cuninry advantages, from their connection
wiili tho Government.
The modifications of the existing char,
ler proposed by this act, are not such, in
my view, as make it consistent with tho
rights of the Stales or tho liberties of tho
people. The qualification of the right of
the bauk to hold real estate, the limitelion
of us power to establish branches, and
the power reserved to Congress to forbid
the circulation of small notes, are restric
tions comparatively of liulo value or im
portance. All the objectionable princi
ples or the existing corporation, und most
ol its odious features, are retained without
almviaiion*
The fourth section provides "that the
notes or bills of -the said corporation, ul.
though the same be on the ficei thereof,
respectively, made payable at one place
only, shall, nevertheless, ho received bv
the said corporation at the bank, or at
any ol the offices of discount and deposito
thereof, if tendered iu liquidation or pay.
mentor any balance or balances duett)
said corporation, or to such office xX dis
count and deposite, from apy other incor
porated bank,'’ This provision secures
to tho State banks a legal privilege in tho
Bank of tile United States, which is with-
held from all private Citizens. If a State
bank in Philadelphia owe the Bank of tho
United Stutes, and have notes issued by
tho St. Loots branch, it can pay the debt
with those notes; but if a toerchnnt, me-
chuni'c, or other private citizen be ia liko
circumstances, he cannot, by law, pay his
debt with those notes, but must sell them
at a discount, or Send them ttt St. Louis
to be cashed. This hpou conceded to
the State banks, though not unjust in it
self, Si most odious; because it does not
measure out equal Justice fo tho high and
the low, the rich and the poor. To tho
extent of its practical effect, it is a bond
of union among the banking establish
ments of the nation, erecting them into an
interest separate from that of the people;
and its necessary tegdeucy is to unite thu
Bank of tho United Slates and the Stuto
banks iu any measure which may bo
thought conducivo to their common inter
est. .
Tho ninth section of the act recogni
zes principles ot worse tendency thun uny
provision Of the presept charter. 4
It enacts that "tho cashier of tho bank
annually report to the Secretary oltbu
Treasury the names of all stockholders
who aro not resident citizens ol the Uni
ted States; and cn tho application of thu
Treasurer of any State, shall make out
antj transmit to s'jch Treasurer, a list of
stockholders residing iu, or citizens of
such State, with the amount of stock own
ed by oath." Although this provision,
taken in connection with a decision of
tho Supreme Court, surrenders, by its sb-
lence, the right of the States to tax the
banking institutions created by this cor
poration, under the name of branches
throughout the Uoion, it is evidently in-
tended to bo construed as a concession of
their right to tax that portion of the stock
which ina} be held by ihcir own citizens
and residents. In this light, if tho act
becomes a law, it will be undeistood by
Iho States, who will probably proceed t*>