The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1836-12-16

l no article thr release Of when lf0m az
alian would BE- feli 80 generally and %
bensfcially. To this may be added oil
kind s,f lnel snd provisions. Justice and
heneFalence unite IN favor n releasing
he paor az our CITIES from burdeas which
are DOT necessary for ahe support oil our
gnssrnmenl. and tend only 20 increase the
wants Of the destitute. -
! In will he seen By abe report Of Che
Secretary Of the Treasury and Ihe accom-
paying documents. that The Bank Of the
United States has made no payment on
account Of the stock held BY the govern
rnenl IN that institution. although urged
, 10 pay any portion which might sun IL
CONVENIENCE. and that Il has given M in'
farsnatlon when pasmenI mas he expec's
ed. Nor. alihnhgh repeatedly requested.
has !. furnished the information In rels-
tina IN ne cnnditioa which Congress an.
ihorisei the Srrreiars 10 cnlleci al their
LAST srssInn: sisch measures AZ are within
thr power ofihs Executive have been "a
ken to ascertain The salae ii lhr stock and
| proenre the payment ss early Is possible.
The conduct and present eandIllou Of
that bank. and The great amount Of CAPT.
al vested In i. by the United States. re
qulre your special attention. It's charter
expired on ihe 81 Of March last. and u
has now no powrr bDi that given 10 the
2lsi section TO use The corporate name,
style and capacity for The purpose of suits
for the FINAL settlement and liquidation of
| The affairs and accounts Of the corpora
lion. aud for the sale and distribution Of
their estate. real. persona. and mixed. but
not Tor any other purpose orih any other
manner whatsoever. nor for period ex
ceeding tSo.s ears after the expiration 81
The said term Of incorporation Before
the expiration IL the charter. the stuck
Insiders Of The bsns sblsiasd an acl III IN
corporation FROM the Legislature Of Penn
sylSanis. excluding unly The United
States. INSTEAD of proceeding 10 sind
up their conerrns aud pay over lo the
United States the amount due nn acroan,
vi the stock held by them. the president
and direr,ors Of the old hsnk appear Ia
have transferred the bo,ks, papers. nules
obligations. aud mast % al Ol ils proper.
". 10 this new corporation, which enter
ell upon business a. \ Continuation II The
"h rhnrern. Amungs, other acts III
Questionable validity, the mites of the
eApIred corporation are known 10 have
been used as IIs oWn AMI again put IN
cIrrulamon. Thai lh- aid hank had no
right l0 issue or re issue IT, notes after
the expiration of it, charter. cannot be
denied; aud that u could nul confer any
such raht on IL substitute. any more
ihan txercIse IL IIsssf. Is equally plain
In Law aud honesIy, tue mites Ut the bank
IN circulation a. the expiration III its
charter. should hsSr been called in by
public advertisement. paid up as present
ed. aud. together With Ihose on hand.
cancelled and destroyed. Their re- issue
Is sanctioned BY M Law. and warranted
by no NECESSITY. II the UhIlsd SAFES
be responsible % their stock Tor pas M
of these notes. their re issue. by the new
corporation. ior their own profit. is a
fraud or The government. II the United
States ~ NOT Responsible. then there ls no
legal res t'Ous'biily IN any quarter and i,
II u ID on The country. They are the
redeemed notes 4 dissolved partnership.
BIZ. contrary ~ the wishes Of the retiring
psf:nrr aud wIIhoui his consent, are
agaIo re ISSUED ant circulated.
h. - the high aid peculiar duty Of
C"rlress {" decade heiher an, further
ir<Islalinr b, utc,s-.rv fsr Ihr srcuri,v
nj '"t large amount af puh!Ic properly
n"w ed and IN use b, tie new bank, aud
1t VA hcai ~ the rights vi the govern
'n' nj, a." '"'npeilIng speedy and honest
sf't"n"n' with al the creditor. ii The
oi" haf<, pnblIr and private. or whether
he ~n9J -ct shall he left Ia the power now
i"'>sr>'ed ~ the Execulre and Judic,a.
ry. u remains 10 be seen whether The
Prisons. %hp. as managers Vt the old
bahk. undertook Id control the govern
Inr", retained The pubic dividends. shut
lhFt d""r- upon a committee uf the
H"ust ii Representatives. and filed The
country with panic 10 accomplish their
Nv" si"'sier "hr cts. may nov. as man
ayers ol new bank, cnnlinne With
nnPrnily To fond the country With a
spurious currency. use the seven millions
ut government stock loe their own profit
and refuse To- the United States all
Information as TO the present conditinn If
their own property. and the pruspec, of
recovering II into their own possrssinn.
The lessons taught BY lhr Bank Of the
Quilted States cannot well BE- los, upon
the Amrncan people. They will TAKE
rar" never again to place so tremendous
ap"wer in irresponsible hands. and il
with fortunate # they seriously consider
Hr Consequences which are likely a.
result "n a smsIler scale from the facIII,y
whh WINCH c"rp"rale pnwers are granted
Ot Their state guveTnmpusi