South Branch intelligencer. [volume] (Romney, Va. [W. Va.]) 1830-1896, 1837-05-13
WHEELING, May 2.

| the gay UAGu loi LILY oloChiioAuciS "
the banks in this city, to meet and de
terminc upon the acceptance or refusa
of the law of Virginia granting add
tional banking capital. The additiona
stock was refused by the .Merehents' s
Mechanics Bank, and accepted by the
NORTH Western Bank,which according
w receives the whole increase granted
TO this place, amounting to about $780,
600.
| The vote for acceptance in the One s;
the vote for rejecting in the other, we
understand, was almost unanimous.
We are happy to have it in our power
to state that the utmost harmony and
| good understanding exist between
these two institutions, and determi-
nation On the part Of each to aid the o.
thor in any trying emergency, as also
to extend to the community every to
cility in their power.-GSmes.
ouertrading.-It is not denied by O.
| ny Intelligent person, that the excess
i've business Of tho country has added,
| in degree, to its endorsements. But
this admission is not to be received as
an croncres,tr of the government. O.
vertrading has done much, but nnls-go-
vernment has done much more, to re-
duce the country from its condition Of
palmy prosperity to the deep abyss of
misery and distress in which we now
behold it plunged. Some brainless i'd
iots-ft tenants only for an insane hos
pital-refer with triumph to the appa-
rent excess of ourimportations oyer our
expectations, as conclusive evidence
that the country has overtraded-that
she has exported more wealth than she
has received, and that, Of course, she is
poorer to the extent of the difference.
This doctrine will not bear the test Of a
moments scrutiny. a vessel may
leave our shores for those of the old
world, freighted with q rich cargo Of
cotton, flour or tobacco. Her super
cargo disposes of the lading, receives
payment in drafts, or by establishing,
with the proceeds, a creditin Europe,as
a basis for future operations, and sends
home the ship in ballast, or with an in
significant cargo. If the books of the
custom house are to be received, with
out appeal, as the opponents of the
transaction, the country has fallen IN
debt to the full extent Of the difference
between the return cargo and that
which was sent out. A moments re-
Election must show that these do not
truly represent the operation Of the
whole transaction, and that, of course,
a country may be, by the apparent bal
ance of trade, as shown by the Custom
House returns, a great loser, and yet,
in fact, have realised for her exporta-
tons twice what her imports cost her.
Baltimore Chronicle.
The N. O. True American has the follow
ing item. 1t is, doubtless, true solution, so
FAR AS IT GOES, Of the causes Of the present
embarrassment in tho principal cities of the
Union:
seThe idea that there is abundance Of solid
wealth to get us out Of our difficulties is alb
surd. There are two or three hundred mil
lions of paper money too much in the coun-
try; and on this fallacious basis have men
traded, and the consequence must be ruin 10
that amount."
MASSACRE OF SEVENTY MISSIONARIES |!
The New Bedford Mercury contains state
ment of the most horrid massacre OF seventy
native Missionaries at Wallis's island, in the
South Sea, in August, 1885. Mr.. William
M. Barnard, formerly second officer of the
ship Selma, of New Bedford, who arrived
there in the Parachute a few days since, fur
nished the statement to the Mercury, 1t APP
pears from his journal that the English Mis-
sionaries at Keppel island Zone of the Friend
! " group) conceived the benevolent plan OF
| attempting to introduce Christianity into Will
| ISIS island, by sending native teachers and
Missionaries, thinking they would meet with
less opposition than foreigners. They pro-
cured them passage to the island, but, soon
| after they landed, the whole number were
| murdered in the most barbarous and inhumar
| manner. Mr.. Barnard was at the island al
! the time the massacre took place, and left IL
| the sloop of war Vincennes, when she touch
ed at that place. He lett the latter vessel a
Cape Town.
| We have conversed with an intelli
gent gentleman just from Texas, who
informs us that the country is in q qui
ct and prosperous condition; that nC
apprehension is entertained ofanothe.
! Mexican invasion, and no fear Of thu
result, should they be again attacke'
from that quarter; and that enigrant
are flocking to the country, and eager
ly buying up the lands, OF the fertilit,
Of which, as well as ofthe general ad
vantages ofthe country, he speaks il
the most rapturous terms. A very few
months viii decide its future destinies
Lynchbarg Nagiaidnr
Accounts similar to tie above, origi