Martinsburgh gazette. [volume] (Martinsburgh, Va. [W. Va.]) 1810-1825, 1824-06-10
Whole No. 1928.


understand that the Ioau of five mil
lions OF dollars, authorized by the act
OF Congress to provide for The pay
mens os,he awards al the Commas
sioness under the treaty. with Spain.
has hesn taken by Mr. Biddle on the
part ofst.e Rank OF the United States.
This information mus be very satis-
factory 20 the nurnerons claimants who
Will nuw be enahlrd 70 receive immc,
diate payment ofthc sum awarded Ia
them, by The Hoard Of Commissioners.
whose sitlii,gs are just about being
brought soa fsml close. The arTangc,
mcut, too, seems to hc very a,lvanta.
eeous 10 the government. BY the
treaty .wilh Spain, thsrr clain,cs were
to be paid Immediately in rs,oney, or
10 stock bearing an Interested SIX
per. cent a vrar With 4 view Of
profiiipg by the present redutcd rate
OF Iuierest. il was determined 10 adopt
the iolmcr plan, and by the creation
OF stock at d low rate Of interest.
provide the means OF paying The clais
mapts in mcnry. instead Of The six per
cent stock. saving Of oufsc The, diff
ference of interest. The rate 0f inter.
cstiixed in The act of congress, was
4l2 per cent and at ibis rate tie loan
has been taken by The Bank OF the u
nted States. Independent, however
of the lowncss of the nominal ratesof
interest, the connection If the Bank:
with The government renders il still
more beneficial TO the latter The 60.
vernment is q partner nihe bank to the
amount Of q large proportion Of its cap~
ital, and will receive hack 10 divi.
dends, a proportional share OF the IN
terest Of the loan, and as, al the pre-.
sent momenlihc bank of the United
Stgtes like all other nioncyed insfitu-
tons, and. moneyed men, both here
and in Europe, finds il difficult to
invest all its funds in business loan
without redscing iis discount. the
whole interest Of the loan is 20 much
clereproiis to the Bank and the &C.
vernment.
We learn from friend who il We
~ familiar will, these subjects. that
the dividends receivable hy the gos
vcrnmeni oniis Bank shares, out Of
the 22J, 900 dollars, the interest Of
a per cent on the five millions.
will amount to more than fifty thou
sand dollars year, which will rcs
ducc the whole sum Ia be advanced
by the Government for these five mil
lions, to little less than It's 900 dol
lars, which will be actually fraction
below 8 IL per cent So,that in.
fact The loan at par from The Bank, ID.
as advantageous to the Government,
as If individuals hadgivenlor it pre-
mum og6 4 l0ths per cent.
1.-THE arrangement be satisfactory
TO the claimants, aud advantageous to
The Government, we presume, that, in
HE superabundancc ofcapital, il must.
be useful to the Bank also, TO whose
segssiiy in these matters, we may trust
Hlc loan would net have been taken
pad it nc. been for the benefit Of the
In every point Of view
the opperItion appears 10
nave been judicious and satisfactory.
Nat. Int.
Every man of reflection must be con-
vinced Of the impropriety and folly Of
at all on religious Subjects
The difficulty Of accommodating hu-
nan regulations. to the occult and iso-
ated and sacred faith Of individuals in
al their variety Of opinions, renders
ssich laws. futile and Intellectual.
While they exist, fairinyesfigation of
truth is impossible. All penal statutes
should have reference solely to the NOR
III conduct ofmea-to those mutual re-
ations which bis social conditions alone
not his connection With
God and eternity. Let him be surroun-
led with moral restraints appoint,
bounds to the privileges Of the press
land regulate even the freedom Of
speech, but place no arbitrary .restric-
ions upon the hbertyof thinking:
Nantucket Ia1tiver.