The North-Carolina standard., 1837-07-12
100000
S 35,OOO,O0O
MR.. MOSELEY.

The Circular of VIM. D. Moseley esq. ap-
pears in the Newbern Sentinel of the 28th
June. 1t is an excellent production, and can
not fail to be highly acceptable to the demo-
cratic republicans of his district. The follow
ing jucidious remarks on the present state of
affairs, and the United States Bank, are ex-
tracted from this document -
"The removal of the public deposites from
the late United States Bank, met with my ap-
probation. The act was constitutional, and
done in honesty of purpose, and was not in
my opinion violation of either the public
faith or the rights of the Bank. So too, did
most heartily approve as / now do, of his
veto of the act which proposed re-charter
of that institution, and recent events have
strongly confirmed the correctness of his
views on that important measure. Enter
tanning these opinions, at the late election of
President of the United States, voted for
and supported MARTIN VAN BUREN,,
the present executive, and ifI should be cleo
ted to represent this District, will give his
Administration hearty support, SO far as it
carries out the views of Gen. Jackson on this
subject.
| "We are asked why is it that in time of
profound peace, in the enjoyment of high
prices for every species of produce common
to our soil, and when the laborer of every
kind was receiving ample remuneration for
his services, we are suddenly thrown from
this enviable situations The laborer is no
longer proftably employed, the fruits of the
earth, the products of your toll and industry,
are no longer in demand, and we are told
with apparent earnestness, that all this is the
effect of Gen. Jackson's experiment upon the
currency, and that it is time for us to retrace
our steps, and that the only means of restor-
ing us to those prosperous times which we so
Recently witnessed, is the re-establishme of
the National Bank. Did not feel perfect
| ly satisfied from personal observation and
experience of the whole history of the U. S..
Bank, that National Bank established up
on similar principles, SO far from being the
only remedy for this melancholy state of af-
fairs, is on the contrary and in truth the prin-
cipa1 cause of the distress, such proposition
would be entitled to an extended considera-
ton. But recollection of the pecuniary
embarrassments, bankruptcies, panic and dis
tress of the ever memorable years of '19, '25
and '32, and an earnest conviction that all
this was produced by the mal-adninistra-
ton and excessive issues of the late u. S.
Bank, admonishes me in language which
cannot disregard, that the establishment OF
the same or a similar institution, so far from
restoring prosperity to our suffering country,
would but make desolation more desolate
corruption more corrupt, and endanger the
liberties of the people and the stability of oul
free republican institutions. To me it ap-
) pears that much more reasonable and salts
factory cause for our present distress, migh
be readily found in the supremacy of a paper
currency, false credit system, and tha
morbid and Unsuitable appetite for mischiev
GUS speculation which, for the two last years
has pervaded the entire country, from it:
centre to it's remotest borders. Upon thi
subject, however, must remark, that though
it could be shown that the establishments -o
} National Bank, is expedient, yet for myself
: l very much doubt, whether Congress ha:
! the constitutional power of creating such al
: institution"
! New ORLEANs.-The New Orleans Plea
yune of the 2Sth, states that no less thar
three murders were committed in that city
on the Monday Evening preceding. One
of the victims had been guilty of adultery
and was followed and shot in the street; o
the second the circumstances are not known
5 the third was a watchman, found dead, sho
through the heart, with two wounds besides
in his breast, inflicted by Bowie knife
No arrests have hepn made in conSeuuenet