Newspaper Page Text
From the Philadelphia Sentinel, Feb. 20, 1836.
IMPORTANT PROJECT FOR THE ESTABLISHMENT
OF A REPUBLICAN CURKENCT, THROUGH A
REPUBLICAN BANK.
NO. I.
Resolved, Bv the people of the l n toil
States that, through their Representatives,
they will have it enacted —
Tiiat a bai k be instituted, with such regula
tions as may be necessary for its government,
whose officers shall lie paid by the jieople.
That this bank shall be established for tlie pur
pose of supplying tlie people with a soun 1
paper currency, having the useful labor of the
citizens as the basis of its value, instead of gold
and silver:
Thus—|f a man builds a house, and wishes
money upon said labor, he may go to the
Bank, and, by mortgaging his property, de
mand an issue of paper equal to two thirds the
value of said house, without paying any inter
est upon the money issued.
So also, if a merchant has 1000 barrels of
flour, and wishes to raise money to purchase
some other article, by giving bis flour as se
curity, he may obtain a loan of money with
out i iterest.
Again—ls the State wishes any improve
meats, they have only in a legal manner to
obtain an issue of paper giving for its security
the work projected.
Tlie action of such an institution is obvious,
it would save an enormous tax, which our
labouring and productive classes pay to the
money dealers ; for although the people are
not aware of vet, it is a j>ositive fact, that they
pay at least 6 percent, for nearly every dollar
of the paper issued by the Banks which are
now in circulation ; and this enormous tax is
borne by the laboring classes ; those who
build houses, manufacture cloths, Iraise food,
&e.
A man builds a house, and he wants money
to build another; if there is no money in the
market lie is obliged to be idle, and hundreds
want employment—why is this ? because there
is no money in tlie market; Europsuns hive
taken away their gold and silver, and the
banks dare not issue paper. Or suppose the
most favoroble case ; he builds his house and
wants money to build another, by going to a
bank they rece ve bis house on mortgage, and
give him their notes, for which they charge 6
percent. Is not this a direct tax upon his
labor? of what real value are these bits of
peper, in comp irison to the real value of the
man’s house ? They cost no labor of any
consequence to make, and yet tbe industrious
carpenter or bricklayer must pay 6 per cent,
for the privilege of converting his work into a
circulating medium.
Future generations will groan with anguish
at the folly of their ancestors, who having the
power to help themselves, consented to feed a
host of idle and gambling stock-jobbers, out of
the produce of their bard earned works of
usefulness.
Another obvious result from such an institu
tion will be, that money would always have a
fixed value, and of consequence provisions and
ail the con veniences of life would bear a cer
tain price, which is one of the most desirable
things in any community. Another result
will be. that as money will hear no interest, no
one will hoard it up. but will be obliged to
sjiend it in useful productions, such as houses,
farms, <kc., if he wishes to realize any benefit
from his money ; so that all the conveniences
of life will be multiplied to as great an extent
as the labors of industry can be carried.
Men who are successful in business, w ill not
then be rich in money, but in useful posses
sions.
When money ceases to command interest,
farewell to Stock-jobbers, to Pawnbrokers and
others, of that class, who are now preying on
the vitals of industry.
Preserve the present system of Banking,
and you will be ruled by a monied aristocracy,
more tyranical than any monarch—adopt the
system now recommended, and you will raise
this republic to one of the happiest, most | ower
ful, n o;t wealthy and freest communities that
man has ever dreamed of in his most immagi
native fancies—fur labor will he let loose, and
have its full reward.
NO. 2.
Reader! have have you attentively marked
the importance of the first number of my
communication to you ? If you have, and
you are area reflecting mind, you must be!
struck, with the startling but at the same time
sound views there prescribed. Rut if you are |
a patriot! a lover of man! you must have)
been electrified at the auspicious prospects that
will attend your country, as soon as these
views are adopted. Labor let loose, by which
the conveniences of life will become increased
and cheapened ! The productive classes get- '
ting the full return for industry exerted, and
rapacity driven from its helpless prey.
Old prejudices are not to be combatted,
however, by declamation ; let us on to com
mon sense. What is money ? Not a thing 1
to be eaten or drunk, or capable of satisfy ing
a single bodily appetite. Placed in a desert",
or even amongst a people who do not value
your money, you could not buy a loaf of
Bread. In itself it is valueless, and is only
available where it is the reeogn zed representa
tive of so much property or labor. You nun
take whatever you please for this representa-!
tive, so that it is recognized by your fellow
men. The old world"took gold and silver.
But suppose a nation, rich in all the necessa
ries of life, but not having any gold or silver,
would it not be madness in them to give more
than half their possessions in o- der to get this
gold as a representative, when they could have
a cheaper representative or type, for the me
dium of exchanging labor, one with another !
Does it argue that they cannot exchange their
various commodities and labor, because they
have no gold and silver. Forbid it common
sense.
Our ancestors came from Europe, where it
is the custom to have sjiocie as the representa
tive for labor ; they brought this custom with
them ; it was liefore engraving had arrived at
the |ierfection it now has done—and this cus
tom has been the means of retarding our
wealth and prosperity, because we had to
baiter an immense deal of our labor, in order
to get specie, to serve here as a medium of
exchanging with each other.
We have given them of the sweat of our
brow, to get what ? Why a parcel of white
and yellow metal, not to eat or to drink, or to
wear, but to pass from hand to hand. \\ e
found, however, that we could not earn tliese j
metals fast enough from Europe, or elsewhere,
to answer our demands for a circulating me
dium ; for we grew fast. W fiat did we do ?
A’tend to this 1 We allowed a parcel of En
' glish and European cunning money dealers,
to place boxes of specie in a vault, and upon
tiie strength of such a deposite, to issue through ;
their abbcltors here, an immense quantity ot
■ notes, representing our property ; and for this
favor, agreed to pay them at least 6 per cent
l>er annum. .Suppose now there are two j
hundred millions ot dollars, in such notes, in
| circulation, and you will be absolutely paying j
twelve millions of dollars yearly, as a tax, to j
i whom do you suppose? To your govern.,
meat! for the benefit of the country—no my ,
friends! to tlie owners ol this specie, whoever
| they are. Tims your labors are taxed 0 per
cent per annum. Now you know why Banks
are w illing to pay such large sums for a char
ter ; it is to become your legalized plunderer.
A<re for shame! Americans I lush at thus
being defrauded out of those resources which
Providence has given you, to become the
mirror at which young Liberty may dress her
| self, in whatever quarter of the globe she may
be born. What! to get a few pieces of gold
and silver, to nerve you as a medium for ex
changing your different products; are you
willing to fill your country w ith stock jobling
politicians, w hose morals become corrupted by
this system of plundering, and living on the
industry of others ; men whose smiles ate
turned from their native country and her free
principles, and are only anxious to propitiate
tbe Rothschilds and other bloated money
dealers? This old system of legalized plunder
must be done away with ? Reason demands it!
Its doom is fixed—as soon as men will think,
and they have commenced to u'o so.
I have shown that money, (whatever that
money is) is only valuable as the representa
tive of property, not upon gold, which is itself
only a representati' e of the property of Eu
rope. This is a wheel within a wheel, and
unfit for our plain American common sense.
It is like admitting Europe our master, and
onlv calling that valuable which she has pleas
ed to make so.
In Europe they have specie for their repre
sentative of lalxjr; here we have paper;
whilst we were England’s colonies, we were
obliged to base our representative paper on
our representative gold : But now, we are free,
let our paper money be based on our valuable
property itself.
Americans! productive citizens! awake!
Save vour country from paying a ruinious tax
to Europe, for tlie use of a little gold. TFo
need not pay a cent of interest for money, if j
ire m ike cur paper the represcnlat ve of our
propt rty ! !
No. 3.
A writer signing 4 Alpiann’ lias addressed i
me. asking sundry questions, all of which 1
think might be answered from the already
published numbers: but one of his ideas re
quires correction. lie is afraid of an over
issue of paper, and talks of an alarm at an 4 ex
cessive issue.’
My doctrine is, that so long as paper is
based on property, there never can be an over
issue. Money is to the body politic, what
blood is to the human body, so long as the
arteries and veins know what to do with tlie
blood, all is safe; it is when the blood is impure,
that disease takes place.
The difficulty in our present system is, that
having based our paper on tlie gold and silver
of Europe, our circulation is subject to all tlie
evils which attend the fiuc.uatiousofEuropean
politics, besides which, the wants of our com
munity being so great, for money to carry on
commerce one with another, makes it impossi
ble to have a sufficiency of gold and silver for
such a purpose, hence we are obliged tosubsti
tute paper, and paper thus used, may well
alarm the community. I predict a state of
things, which defies description, when safety
will alone he found in the adoption of a Repub.
lican Bank, such as I have already described.
Are you a patriot, Alpian ! come to the work
of opening the eyes of your countrymen to
their situation. Call meetings and commence
agitation on this subject. The Republican
Bank is based on sound views, and shakes off
i the influence of foreign agents. You ask, if
the people are to pay the cost of the experi
ment in the first instance ? Assuredly they
are. They are to pay the cost of a building
or bank—they are to pay a President and
other officers a fixed salary—they are to pay i
the cost of engraving and printing notes or j
money—which notes will he issued as so much !
credit, to any individual who is entitled to such
oreidt; that is to say, to those who have
property, and are willing to mortgage it: but!
they are not to pay 0 per cent per annum, for I
the use of this credit. You might ask what
will regulate the price of property, we shall
then have to go back and show, that every
thing derives its nominal value from provisions,
and such things ns the laborer cousumes, w hilst
he is erect-ng property-. Thus, if a laborer
has to get a thing called a dollar to live one day,
and he is 3001) days putting up a house, the
house will be worth S3OOO.
If there arc any other questions you might
wish to ask. I shall take pleasure in answering
| them—but I say call a town meeting, and let
I it tie composed of those whose interest it is to
| understand this matter —1 mean working men,
i operatives of every cla- s. but no stock jobbers,
or bankers, or pawnbrokers for the project of
the Republican Bank, is above their compre
hension.
NO. IV.
In order to illustrate the folly of anew
people basing their circulating medium or
money on that of another nation ; or in other
words, to show the lolly of Republican Ame
rica taking the money of aristocratic Eu
rope, as their medium of domestic exchange,
let us suppose a ease. Suppose a colony of
peop'e emigrated to New ork, when it was
a wilderm ss country, and settled there ; the
first tiling they would have to do would In
to raise provisions, and each man must ne
cessarily lie a husbandman, and make for
himself every tiling that he or his family re
quired ; the women would spin and weave,
and the men build houses, make shoes, Ac.
THE SOUTHERN POST.
In a few years there would be more provi
sions on band than the colony could con
sume. and therefore some of the population
might lie spared from farming, and apply
themselves to trades of different kinds, and
thus tailors, shoemakers, blacksmiths, car
penters, and manufacturers of cloth would
thus spring up. The farmer would give pro
visions to the blacksmith for his work, w’ith
some of which provisions he would buy
clothes or shoes, &c., and a system of mu
tual exchange of lalior would be established
among them. In the process of time, how-
this colony would raise and manufac
ture more than it could consume; the con
sequence would be, that they would have to
buiiJ siiips, in order that they might carry
away their surplus productions of shoes or
hats, to some foreign country, who raised
and m. nifactured ai tides different from
what tley cou!i in New York. Thus from
one 3tep to another the people of New York
would progress in refinement, until they be
gan to use gold and silver (obtained from
Mexico in exchange for flour and beef) as
articles of ornament, and for cups and basins
in their houses. Here is the foundation of
the value which gold and silver has obtain
ed; a scarce metal, and capable of being
only used by a people who had abundance
of every necessary, and something to spare,
to purchase this article of ornament. As
soon as luxury obtained a footing in New
York, ye who are reflecting, will easily ima
gine what consequences must follow. There
would be a desire created in all to obtain
this handsome metal, and it would begin to
pass from hand to hand, in exchange for
commodities, and thus come to be called
money.
Now come3 the developement of all the
mysteries of tyranny and dominion. Read
er ! please to mark what follows, or you had
better never have read one line that has lieen
written on this important subject. As soon
as the people of New .or!; consented to take
tliese metals as the only kind of money, as
soon as gold and silver were made the alone
law ful tender, what must follow ? Why,evi
dently, that whoever had tlie gold and ilver,
could buy, and no one else! A mail might
have fifty houses, and not lie aide to buy a
loaf of bread; he might have his store full
of tlour, and not lie able to buy a pair of
shoes. This is tfie first birth of unlawful
dorrvniop. For you sec plainly that tbe pos
session of these metals need only lack it up
and say, 44 You shall i.ot hare the e metal
to buy and sell with,” and the most awful
consequences must follow; a total stagna
tion must take the place of industry, for
there would be no money to enable them to
exchange labor one with another. But the
money holder is a cunning fellow ! he cant j
eat his gold, he must have the comferts of
life, which are produced by the industrious:
what then would he do? Simply t<> : ". lie
would say to 'he people, 44 you shall have my
money, my friends! I pity your hard lot! 1
will he your benefactor! poor people, who
have no work ! here is money, give me se
curity for it; a mortgage on your house;
for though I wish to serve you, I must se
cure myself; give me security for the use of
my money; give me six per cent, per an
num, and you shall have it.”
The people praise tlie benevolence of this
great, good man ! and thanking him accept
the use of his money, which is to enable them
to work. But the most idle fellows are the
most cunning ! Complete rats! who have
no objection to eat and destroy the garner
ed wealth of the industrious. As soon as j
these idlers find that by getting money they j
need not work, they plan and devise every !
method to invent ways by w hich they may I
accomplish their objects. Wars, Stocks, i
»Ac. now began to waste New York. The
p« ople grunting and groaning under taxa
tion to support the idlers, who have now in
creased to a host, begin to think; ar.d a
part determine to settle in Pennsylvania.
Would they not he foolish to adopt the cur
rency of gold and silver of New York, for
their domestic exchange? If they do, they
might as well have remained in New York.
Yet such has lieen our folly when we adopt
ed the gold and silver of Europe for our do
mestic exchange. Money represents the
blood of the body- politic, and the money of
Europe is loaded with all the impurities of
rank oppression, which our forefathers striv
ed to leave behind them when they came
here ; hut oh ! short sighted policy, why did
they ever make the money of Europe the
legal tender here—by doing so, they only
made America an appendix to Europe.
My countrymen, this is no childish spe
culation ; look abroad and see the customs
of the Old World establishing themselves
here. Oh ! that I could send my voice into
every man’s ear, and hid him to his post.
Now or never, is the word. The coil of the
serpent is around Freedom’s body ! —it isin
sidiouslv crushing limb after limb: oh! that
there may he found sufficient vitality left
among us to bruise its head ! ! !
NO. V.
Mistake me not, gentle reader! I am not
making war on the United States Bank, or
any other Bank. 1 am not warring with
the Banks, but with the principles out of
which the present system of Banking has
sprung, and point w ith precision to the con
sequences w hich must inevitably follow, if
it is [Hirsevered in. Nay, more than that, I
am not even disposed to censure too harsh
ly Bankers, or even stock joliliers—thev
have done what degraded humanity always
does; —strive to do as little as possible for
the universal good of man, and enjoy as
much as possible of what others do. Poor
senseless things, their’s is not the fault—the
system was wrong from the start, and they
hut took advantage of the error of our fore
fathers. What a simple idea it was to make
the money of Europe the medium of domes
tic exchange here. The money of Europe;
the gold and silver of worn out kingdoms,
loaded w ith taxations, luxury-, pride, <Ac. all
finding a resting place in its coin, to make
this coin alone, a legal tender here. Well I
may Europe laugh at the Republicanism of!
the present day. The secret now is out, it
was impossible to preserve the new birth of
I reedom, whilst we made them our money
dealers. Who were to miy w hen we should I
work and when we should not? Europe.
When we should buy and sell, and when our
trade should become stagnated ! —when we
should build, and when we should cease im
provements ? —and, in fact, who regulated
the very prices at which we should sell to
each other ? Europe—for they held the
purse, the only thing we called money ; the
gold and silver. Our store-houses might lie
overflowing; our laborers desirous of work ;
but if the money holders said, you shall not
work, how could we, for they alone had what
we called the 44 legal tender.” 1 say, then,
that this Banking system has partially saved
this country ; it humored our notions so far
as to make its notes based on gold and sil
ver. It did ns a service ; it created and
kept up a currency in which the people had
confidence, and they made us partially inde
pendent of Europe. This system deserves
the thanks of the country then for one thing,
namely: for the creation of a cheaper cur
rency than gold and silver, and for prevent
ing the 6 per cent, paid for its issue, from
going out of the country. But, oh ! it is a
heavy debtor also—it has made the people
pay a tax for credit, when they were enti
tled to it for nothing. What right have I,
after I have built a house, and wish to have
credit for its value, among my fellow 7 men,
what right have I to pay for this credit.—
Do you, my friend, care about a bank note
if you can get nothing for it ? No ! I know
you do not! Who, then, gives value to this
bank note ? Why, the people who make the
things which you want daily. Shall I, then,
who manufacture what you really want,
pay a man for a piece of paper to represent
my manufactures ? It is sheer nonsense,
and could only have arisen from this fact,
that when gold and silver was used for mo
ney, as its supply was limited, and as only
a certain quantity could be got out of the
jmir.es yearly, it became a matter of conse
quence to own these metals, for people could
not buy and sell without them—lienee it was
natural that men w’ould pay something to
the holders of gold and silver, for tlie use of
1 them. But pa|»er does not come under the
same rule, for it can be multiplied indefin-
itely—hence I say paper based upon pro
|>erty is the true republican money—be
cause no set of men can get all tlie paper
and play fast and lose with it. Wherever
there is property there would he money —
hence no monied aristocracy could he fos
tered—thus no monarchy could be establish
ed by its power. lam not opposed to an
aristocracy, only let it be an aristocracy of
merit, and I will cheerfully submit —let there
lie noblemen of God’s creating. But to have
: no aristocracy of dollars and cents, a hord
j of whiskered rats, who plunder our garners,
land call it nobility ; who legislate away all
the noble institutions of Liberty, the birth
j right not only of Americans, but of the
! whole universal world, is terrible. Look at
lour legislators nicely measuring their e.xer-
Jtions and the laws by the scale of self-inter*
lest. Our legislative halls appear but as
j marts of stock jobbers, and stocks are crea
ted, rise and fall, according as self-interest
ed legislators dictate. These halls are the
shambles in which the people’s liberties are
daily butchered to make room for European
! policy. To the present system of banking
jare we indebted for all this—because we are
J made to pay interest upon paper credit based
| upon tbe metals of Europe. Tlie United
States resemble the dominions of tbe Turk,
and the corporations are privileged tax gath
jerers amongst whom the country is parti
tioned. When chartered, they pay the gov.
■eminent so many millions bonus, as the Pa
chas pay the Grand Seignor a certxin sum
for the taxes of the country. Veil the Sub
ject as you please, it amounts to but this at
last. What an Augean stable have we to
cleanse! REPUBLICAN.
The following account of a splendid Rail
Road opening, is copied from a late London
paper. Only think of a train of cars one mile
and a half long!
Opening of the Newcastle and Carlisle Ruil
way. —On Monday the opening of the railway
took place with considerable ceremony and
festivity. The distance of the line from New
castle to the Canal Basin, at Carlisle is 61
mile. “ The anniversary of the battle of
I Waterloo, which crowned tie British arms
with success and restored peace to Europe,”
| says the Tyne Mercury “ was selected as the
day on which to celebrate the event, and one
of the engines is named the Wellington. Dif
ferent portions of the railway have been open
ed from time to time, and made available to
the commerce of the north ; but on Monday
the whole line was passed over for the first
time.
The engines started in the following order:
First, the Rapid, as an advanced guard, and
without any train, displaying the union jack,
which has long “ braved the battle and the
breeze;” next, the Meteor, with four carriages
and a flag,on which was inscribed “England
expects every man to do his duty.” In this
train, we observed the mayor of Newcastle
and his friends, and the Allenheads band :
then followed the Victoria with nine carriages,
the Wellington with nine, ti e Nelson with
seven, the Lightning with ten, and the Car
lile band ; next, the Tyne with its steam organ
and nine carriages ; after these came the Car
lile with eight, the Eden with ten, and the Go
liah with nineteen and about 600 passengers ;
then the Atlas with seventeen, next the Sam
son with eleven ; in this train there were very
few passengers, but it was succeeded bv the
“Newcastle,” with nine carriages well filled,
and a flag hoisted, “ Prosperity to Newcastle,”
followed by the Hercules, the last of the list,
with eight carriages. The aggregate number
of passengers in all the trains, upon a fair
computation, exceeded 3,500, and the pro
cession previous to starting reached nearly
half a mile, but when in motion could not Ik
less than one mile and a half, allowing as
much space between each train as was con
sistent with safety.
TO RENT.
M AT a much reduced price, that large and com-
Islrfl modioua Store, adjoining the Post-Office—form
erly occupied by 1. Newhnll. For further par
ticulars apply to JOHN LAMAR. |
November 10 3 r
To Correspondents.
“ Who is the au'hor of 4 Richard Hurdis,’ " asks a cor
respondent. We are unable to reply to this enquiry as
we have not been a confidant of the Author. He are
satisfied, however, from whence its authorship proceeds;
but, cannotgiv* our conjectures to the inquirer, for fear
that we may be in error. Trusting however that our
conjectures are not wrong, and, as this may meet the eye
of the author, we are emboldened to ask of him a more
intimate acquaintance, either by Utter or otherwise, as it
may be for mutual benefit.
“Trolius,” from the west, is assured that he may rely
upon us for all the ass istance that is in our power to
give in advancing his if there be merit sufficient
to warrant us in doing so, not otherwise. But to him
we say despair not in a good cause.
He can asure the author of a" A Visit to the Stone Moun
tain,” that we would most readily publish his article but
for the fact that so many pieces of a similar character, '
on the same subject, have heretofore been published, and
probably will shortly be again in a different quarter.
We hope his pen will not lie idle however, its powers of j
description are very good, and there are innumerable
tljecls of wild granduer on the northern part of this
State fit for its exercise. We hope to hear from him
again.
The notice addressed to us by C. W. R. (J 7 W E. B„ we
will respond to it in person shortly. The proje/t of which
it treats meets with our cordial approbation and shall re- j
ctice from us all the aid in our power to bestow. In the
mean lime however, they may calculate fully upon our
hearty co-operation in the measure proposed.
We hope our friend and correspondent 44 Adolphus M.”
will not cease to let our readers hear from him. We
shall ulv'ays most cordially welcome him on our pages
as one of its most valued correspondents, possessing us
he does a pure style, a lively, chaste fancy and a correct
taste.
©O>OTH3IISH FfDSIT 1 .
MACON:
SATURDAY, NOVEMBER 17, 1838.
12 O’CLOCK, P. M.
Circumstances entirely beyond our control have de
layed the issuing of our paper until this hour. By the
delay, however, we are enabled to give some interest
ing matter which, otherwise would have been laid over
j for the next week.
SCr By this morning’s regular mail, we have receiv
ed nothing, not even a paper, although there is a large
; quantity due both from the east and west. Our papers
from Augusta, Charleston, Milledgeville, and Columbus
have all failed for several days past.
Our eastern papers and letters have gone through to
Columbus, we suppose, as often heretofore. There is
much mismanagement in this department; somewhere
on this route, and the people should know where it is,
that proper representations may be made of the fact to
the Post-Office Department at Washington, in order to
its remedy. We are unwilling to believe that the fault
lies w ith the Post-Master at this place, he having l„ng
discharged its duties with general satisfaction; nor can
it be the failure of the Stages, which are always very
regular. This matter will be looked into critically, if
not remedied. It has been long a subject of complaint
by many ofour citizens, and the defaulting Clerks, or
whoever else it may be, will soon have to shift their
quarters if these unexplained failures be persisted in.—
,1 word to the wise.
The South tlie Natural Ifome of Literature,
This is the title of an article which appeared not long
since in the Augusta Mirror, and which will be found
upon our pages ofthis week. We think we need hardly
ask attention to its contents, coming as it does with
such a caption it will at once recommend itself to every
one who prides himself on being p Southron, ot feels
interested in her moral and social welfare The article
is short, hut the writer has made in it some bold and
truthful declarations, that become his genious, and that
will strike home we hope to the unreflecting mass of our
people, who have so little of Literary independence.
Who look abroad for their light, who believe that no
good can come out of Nazareth, to whose vtsion dis
tance lends a double enchantment, and whose praise or
censure is modified and measured by the distance or
nearness of the source from whence it proceeds. This
characteristic of our con mon country we hope soon to
j see evanshing before the light of intelligence. That the
South is the natural home of Literatuie is plainly set
forth by reference to past history, and we believe that
the frozen regions of the North is much better suited to
the cold calculating and frigid temperament of the
Critic than to the burning and impassioned language of
the poet or orator. It has been said and with truih that
the “ star of empire is setling westward.” May we not
hope that ere long it may be said with as much truth,
and poetry too, that the star of genious shines more
bright from out a southern sky. Our natural resources
are imense, there is no want or material from which to
draw for ever)-department of Literature- It has been
assigned as the principal reason why the Literature of
the South has been so slow in developing itself, that
abor of this sort meets with so poor a reward. This is
but too true, and yet, where will we find a greater read
ing public in proportion to the population. And in
truth where is there a people that expend more money
for foreign publications than the Southern people gen
erally. Their book-shelves are covered with Books,
Magazines, Periodicles, &c. that have their authorship
in a distant country, and by authors who have nothing
in common with us either in manners feelings or pur
suits, farther than what is common to all mankind.
Hence our system of ethics and manners have to bend
to the diction of a foreign and despotic influence and
not in any manner subject to a home influence, of course
our remarks do not allude to the standard works of
Literature. Let them spring from whatever source they
may, they are the property of the world. But to that
of a lighter cast and a more ephemeral nature, but none
the less influencial in stamping its impressions on the
age. We want a Literature of our own. We want
native talent and genious developed and encouraged,
and this can only be done by extending to it that sup
port which is so liberally bestowed upon others. It
seems to us that these truths would present themselves
most strongly to the reflecting mind, and elicit in con
sequence a proper attention to their importance. It is a
a matter in which all are interested and all may aid in
some way or another. The failures that have attended
almost all the literary publications that have been
established among us, have been for the w ant of means
to defray their expeases, and not that there was any
want of talent to sustain them, Men of genious and
learniug are compelled to tie themselves dow-n to the
dredgery of a profession for a maintenance, whose
talents might otherwise have been employed in cn
lightning and instructing their fellew man. Some talent j
has been in this way employed and yet how poor the
encouragement. A trashy novel filled up with non-!
scnsical oddities and vulgar sayings, from the London
Press, would probably sell far and wide among us, !
whereas a strong and livid picture of some ofourcharac-1
ters, incidents, scenery and soforth, would fall far short
of remuneration for its publication. It is a vitiated taste
if it be taste, that directs public attention in this course’
•nd w-e hope to see it ere long corrected.
In another columu will be found a senes of
numbers, which originally appeared in the Phila
delphia Sentinel, on the subject of anew system
of banking the plan of which dispenses with a specie
basis altogether, and turns every oilier property into
currency. VVe are disposed to do this, as our Legisla
ture is at present engaged in the examination ofthis
important branch of commercial interest, apart from
the attention thut has been given it by various conven
tions and by the people at large. We think its stron®
and rational advocacy of Republican Banking will now
meet with a much more wide and extending correspon
ding sentiment, than it had when those numbers ap
pcared in February, 1836. We submit them however,
without further remark, to the considertion of those to'
whom the duty belongs of altering or amending our
present mode of banking.
Our Fire Companies,
We arc truely glad to see that the ‘ spirit of rivalry'"
exists between our Fire Companies—it is just as it
should be. In fact, there is competition enough in every
thing about us, excepting our Military and Fire Compa
nies. They only want a little ‘‘stirring up” to be as
efficient as any in the country.
In another column will be seen a “banter” from the
Washington to the Xiagara Company, for the purpose
of testing the power, &c. ol their Engines. .Both En
gines are old, and old fashioned, but unless we are mis
taken in the stuff which compose the two Companies
the trial will be a well contested one. And they have
taken the right time for their exhibition—it being just
one hundred years since Benjamin Franklin put the
first Fire Engine in operation in the United Slates.
JCr We are unable to eivc our readers any thing of
importance in relation to the proceedings of the Con
vention at Milledgeville. II r e have seen the Report
and Resolutions that were presented for adoption but
are no' informed whether they have been received or
not. The Resolutions we publish in order that the sub
jects for discussion may be known. Next week we
hope to give the proceedings entire.
Ist. Resolved, That it be recommended to
the Legislature to afford the neces-ary addi
tion of banking capital to the city of Savannah
both by the creation of anew bank, with a
large capital, and the increase of the capital
and resources of any bank already located
there, by the introduction of a foreign capital
to be added to it, on such terms, and in such
manner, as the Legislature may deem advisa
ble and proper.
2d. Resolved, That this Convention do re
commend to the banking institutions located
at the commercial points in the State, the ne
cessity of a direct credit with foreign capital
ists, with a view to the extension of the requi
site pecuniary facilities to our merchants, in a
direct trade with foreign countries.
3d. Resolved, That this Convention do re
commend to the Legislature the repeal of all
such provisions in the charter of any incor.
poi nted companies, as prohibit foreigners from
being stockholders in such companies.
4th. Resolved, That this Convention re
gard as of high importance the successful com
pletion of our great system of internal im.
provements, and recommend to the Legisla
ture the vigorous prosecution of the Western
and Atlantic Rail Road, and the ex ension of
efficient aid to companies engaged in works of
internal improvement, which may be deemed
by the Legislature of general importance.
By Mr. Kenan:
Resolved, That this Convention recommend
to the Legislature, the propriety of enquiring
into the expediency of extending the Western
and Atlantic Rail Road, to such central point
as may he found upon a survey most condu
sive to the interest and prosperity of the State.
By the gentleman from Baker :
Resolved, That under the present system
of banking, we disapprove the extension of
banking capital, in those sections of our State
where banks are already located, upon the prin
ciple that it is repugnant to the spirit of a free
government and equal law's, to grant or extend
privileges (whether of banks or other mono
polies) to the people of one section of our
State, whilst they are refused to those of anoth-
er having equal claims.
Resolved, That we respectfully recommen'l
to our Legislature, now in session, that they
pass a law in relation to Banking, which will
operate equally, and in which all sections may
participate, similar in character to the free
banking law of the State of New-York, with
such improvements as their wisdom may sug
gest tending to the security and general good
of the Slate and the citizens thereof.
Resolved, That such laws only, as extend
equal privileges to all her citizens, are worthy
of a Republican Government and a free peo
ple.
By Mr. Stanford, of Habersham :
Resolved, That this Convention respectfully
recommend to the General Assembly of the
Slate, the enactment of a general law, authori
zing the formation of Joint Stock Companies
for the purpose of promoting a direct trade
with Foreign Countries, with such restrictions
and limitations as they may deem advisable.
Canada War Renewed.
From the following intelligence, together with some
other information from the Press of late dates, we are
inclined to the beliefthatthe present irruption will cause
the mother country much more serious trouble, time
and expense than the former ; w hich was only partialy
smothered and is now again breaking out into a greater
flame. There appears to be a well organized plan of
operations among the rebels which, for a time at least,
must give them a more sanguinary success.
CANADA WAR RENEWED.
We have to announce the important and
thrilling intelligence that the Canadian popu
lation is again in arms, resolved to strike a
blow lor freedom. The news by last night’s,
boat is. that age leral and simultaneous rising
of tlie French population on this side the St.
Lawrence lias taken place, and that several
small posts had fallen into their hands ; they
had made prisoners of the soldiers stationed
at Napicrville, and secured a considerable a
mount of arms and ammunition.
St. John, it was believed, would be attacked
last night by a strong force, estimated at sev
en or eight thousand. The utmost conster
nation prevailed at St. John’s yesterday, and
every means was put in requisition for the em
ergency. Captain Price’s sloop, the Daniel
Webster, we understand was not permitted to
leave the port. Several of our citizens went
down last evening.
This movement is said to be headed by Rob
ert Nelson, Cote, Gagniou, Hotchkiss, and sev
eral foreign military leaders. Os its result a