Delaware journal. [volume] (Wilmington [Del.]) 1827-1832, 1829-04-10
DELAWARE JOURNAL.
W.I..lL.GNGGGN
Friday, AprA 40, AS29.

Stock will taken p and the Company go into operation al
an early date We would ee considerable pride in beng the
pioneers in this promising branch of Agriculture ana Manuac
ure-a there is perhaps state in the Union opecuay
adapted to as Delaware Mr. MAURY man represented
to be fully acquainted tn the whole routine OF the BUSINESS
is now here prepared to devote himself entirely to the con-
NEw-YoRK BANKS. The plan recommended by the late
Van Buren, to the Legislature of Newly ork some
time SINCE and which seems first suggested by c-
zen of Newersey of the of Forman has, contrary 10
general expectation, become law The law IS enteu an
act to create fund for the benefit Of the creditors OF certain
monied interpretations and for other purposes by TINS law
it would SEEM all the banks of the State are made RESPONSE
bic for the sovency of each ohrr-that IS, BANK a It's
creditors be renuneaed from common fund TO DC de
rived from the whole number Of banks The law also creates
hoard of three commissioners who authorised at stated
periods and at all times the requstion OF aSy three oher
banks to examine with the utmost detail, into all the affairs
of each inuton-n the words Of the aw- thoroughly TO
inspect the affairs of the banks, to examine all the books pa
pers noes bonds and other evidences of debt TO ascertain
the quantity of specie and generally to make such enquiries
as are necessary ascertain their actual condition and Their
ability ofulhl all the engagements made by them
This age ofexperiments and seems 10 U.s. at
ing but the sheer love of experiment. could have lead 10 e
adoption of project visionary, or at any rate so doubuh
lie results in great State like New-fork where the evils
cons 1ucnt upon failure, upon any general arrangement
of their banking system, must produce 50 VIDE rum II II
he intended as panacca for ,e ordinary All of the banking
systemhe excessive issue of papehe remedy appears TO
be entirely mistaken Byrcuderng bank responsible for
another takes away that particular responsibility whchs the
hest security for good conduct both with individuals and
corpoations It, fact places the solvent prudent and pros
nervous institutions the mercy of the worst and might Win
great proprcty be termed act for the benefit OF broken
banks" extensive application OF the principle would
he exceedingly and surprised It was over
lookeda law which would make the wealthy prosperous and
industrious portion of society answerabe for the debts OF the
dissipaed and indoen; would be extremely beneficial to
creditors and it seems u.s. every whit reasonable and just
AS might be anticipated, this law has excited no little alarm
in New Yor-he banks whose charters are about to expire,
embracing eight in the city, with capitals exceeding
Sl 900 OoO ssad will wind up their affairs, rather
than accept of the law.
Rumors says the National Incgence are in circulation,
which appears be entitled to credit, that Mr. Shae late
Consul General Alges, is to go Commercial Agent
Cuba and that Henry Lee OF Virginia, is to take his place
i at Algers
The Philadelphia Papers inform that John Pemberton has
been appointed Naval Officer for the port OF Philadelphia wee
Philip S. Malhey, removed.
Captain White of the Pilot boat Savannah in which Rowland
at savannah and held bail accomplish his ahduc
ton.
In OIL, next shall present to readers the admirable
letter of Mr. Adams reply to the address of Committee,
IN behalf ola large number Of the citizens of Essex and Mid
desex Counties, New-Jcrscy.
The last intelligence from England, shows serious
Intention on the part of the British minister's of settling
the great question of Catholic emancipation On the 5th
of February Mr. Peel expressed himself in favor of
ccsson the Catholics, and in speech OF some length,
advocated required by the best interest of
the stat and added that the interests of the Eng
fish church establishment, lay not in the continuance but
in the extinction of the bitter annoses that existed In
the House Of Lords, the 10Th, the Duke of Wellington
avowed the same opinion. Mr.. Peel and the Duke of
wellington have heretofore taken the foremost rank
mon the opponents of emancipation & the radical change
now exhibited in their opinions, proves the deep sense
they entertain of the importance of the crisis and OF
the impossbiy of avoiding the runous and sanguinary
CONFUSION, by any thing short of concession In conse
ouence of the revolution in his sentiments upon this sub
iect Mr. Peel has resigned his seat in Parliament
preventative of the University of Oxford knowing how
unpaa,able the change will be to that venerable mother
Of orthodoxy in Church and State.
In the meantime the champions of the church not
disposed to give up their exclusive privileges without
struggle The cry ofthe church in danger, IS resembling
throughout Engand-eyery method is adopted to alarm
the fears of the bgo the approaching innovation The
Archbishop Of Canterbury the head OF the church has
uttered his veto in the house of LordsLord Wnchesea
has addressed proclamation to the protesans calling
them in the name of and their country to hasten the
dafence of their constitution and their religion. "Lct
the voice of professionalism, he says be heard from one
end Of the country the other let it resound in the val
lies and upon the mountains. Petitions are accordingly
aownp into Parliament from all quarters adverse to eman
n cnaon The struggle will be Violent but the ministry
with the King their back. scarcely be resisted in
Fnaud and there doubt, that the Archbshops and
Rsbons with the pous lords and gentlemen, who
ready to plunge bloody civil war, sin the name of God