The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1837-01-27

A WmN&awN NNNAN@exE @AsA AE&ANAN 49,
Uajrr these provisions d would seem
ln me not 10 hs Question. whsshef sui.
6cIeni precautions are taken sgsinst the
Bank. bul whether. with al these ressrlc-
lions. individuals can Be induced % iske
The stuck. trust ibal The snlicipanons
Of those Who formed The charter nav BE-
reslized-lhsi The slock may be subserib'
ed and The work progress. BE that . .
may. The question for your present deaer-
minalian is. whether The charter such -
! il Is. sufficiently guards against the IN
/ fiiclions ~ public evil. and ensures The
making lhe road. Or. in 0sher words.
whether for the sake 0f the road and is
advantages, this State viii ehsner The
4 bank.
Satisfactorily 10 decide This matter. is
seems 10 me that three considerations re-
main IN be settled.
I. Will the capital 10 be created BY
this bank. be probably absorbed bv the
actual wants of the states in which u
asks a charter!
9. Are sufficient precautions taken 10
secure the public from lass upon is
hottest
3. Is the existence Of the hank male
dependent upon The construction Of the
road. and are The public sufficiently a.
sured that The bank cannot abandon the
road. and exist without NJ
The first point appears 10 me TO he
settled by mere statement nl facts. Az
present. The trade over The rou.e Of This
road into Soulh Carolina aud Georgia.
amouls 10 three millions Of dollars The
whole circulation Of this region is that Of
Southern hanks. and IL the banks INV
contemplated we're merely 10 supplant
this circulation. (which il would certainly
do) demand would al once he establish.
ed beyond lis power Of supply. The Ca
piial Of she hank will. al lis commence,
men,. probably not exceed million Of
dollars. and this cannot be increased be.
yond two millions or Whereabouts, until
the road itself has made considerable al
vanee. Whoever is acquainted with the
subject will perceive. thar this capital
can be absorbed in South Carolina alone.
Blu, when the road il extended iElo
North Carolina. abundant demand for
capital will al once be created. Take
but one article. Suppose an outlet male
for The iron Of Lincnln. Instead Of the
diminuiive establishments which now
exist. works OF an enlarged character
will be constructed. and If bot q few ri
these were IN operation, q million of dol
lars could soon be advantagenusly used.
Extend the same facilities TO the zinc.
lead and lin anes. which are said To exist
in this region, and The demand is vastly
increased. II. A. am informed. the Tin
ores in The western parI Of the State are
as abundant n any abroad. and within
the reach Of transportation. here al once
is SURGE boih Of demand for capital AMI
Of inconceivable wealth to your country
and this Rail Road will peLegais the
very region of It's lnca,ion. But there is
still another vast mine 0f wealth within
your reach. The hemp raised IN y0ur
mountain districts. aud near the roule 81
this road. is said 10 be equal to any in
the world The counties ol Buacombe,
Burke. iredell. Lincoln. Mecklsnhurg.
and those upon the Yadkin. possess a
soil peculiarly adapted To It's cultivation
The hemp produced has the advantage nf
manufacturing Cotton bagglng heavier aid
better than thai imported from Europe
This at once vii issure " market
because The bag of cntian being sold by
weight. the additional weight VI bsgging
tells IN the planters account. Slight as
this advantage wonlh seem. il would give
you the whole domestic market. and when
yon consider thai the consumption Of the
South amounls 20 shaat two millions Of
yards. van will al nnce see another source
Of increasing demand for capital.
Bu, suppose Ina. the energies Of your
counirym-n are AZ once properly directed
to the waller power. 81 aasantageously |
located IN healthy and fertile regions
throughout yonr State. aud then ! ask.
whether Too muoh capital could be ntfer-
ed them. There is no reason. oiber !
than the wan, &c resources and outlets. /
why another Lowell may not be erected |
on the banks 81 the Caiawba. Here The |
advantages presented hy nature are supe
rior To those existing in Massachusetts
and YET there they have built town
and have sci up manufactures. whose
united capitals already exceed ten mil. !
lions uf dollars. Surely il cannot be !
contended that. 10 country from whence !
hey have 10 send 10 your shores for
your co.lon. aud after working il into !.
rabrics. return il To you for consumption.
alden with the expenses Of these various
that III snch country,
hey have advantages over you. who.
with one hand can pluck the cotton from
-Four fields. and with the other can IL
er it Ia the consumers around YOU. Ii
$ obvious that with the smallest exer-
ion Oh your part, IN The mnst exiraordi-