The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1838-06-21

On WHICH nA@ A@A10AM 1MMh w s%~a
yswI boat, and hOisied he Gag Of : star
and a stripe. dofiing The dag of The Un-
ion. Then rame Ihe Proclamation. Ihe
Force Bill. and The hostile attitude Of
South csrplina.
In 1872 and 80. The officers 81 this
ship. peace being restored on board. br-
gan 20 take new observations upon The
currency. 10 abandon the deep AMI clear
sailing Of National Bank, and 10 steer
amid the shoals and reefs Of The state
banks. The New York hands on board
the ship promised The captain better sall-
ing ground than he had. il he would sail
along their port. .
Then came the Tsio-lhe removal Of
the deposiles-and The specie circular
The frs, bringing The creation Of new
banks in every state Of the Uaion: tie
second stimulating them 10 enormous sx-
pansians Of the currency. and the last
Fastening the catastrophe.
In 1895. and 1895, was The era ol gll-
~. lit was glory enough 10 serve I'M
der such rhiel, OF 10 follow in The foot
steps Of such an illuslriaus predecessor.
March the 4ih. 1897. this chief from the
Western Faeaie If tie Capital Al WASH
iaglon. in his Farewell Address. pro-
claimed exnllingly lis Satisfaction with
my experiment" and uttered tie me
mor.hie phrase. " | leave This great pe0-
pie prosperous aud happy" Tie scene
changes.
In April. 1897. tie merchants "f New
York, fareseeing the storm ahead. met
anu appointed delegation To vi'iI wash
Ingtan. and tn rtqaesI Of the President
fusi. an immediate convection Of
Congress.
Second. a. immediate repeal Of the
Specie Circular.
Third. a National Bank To regulate the
currency, and domestic exchanges OF the
county.
sss'fhe only direct snswer 10 ihsir re.
quests was. aller tie refusal Of Mr.. Van
liaTen To- grant eiiher of the ll.ree rrnpn-
sl;inns, that ever memorable answer ui The
rflirial organ: " There is no pressure
'ehiei any haats! man may regret"
On the 10Th Of May. 1897, the New
York and Mississippi Banss began lie
suspension Of specie payments. and al.
Iie Union, tie Canadas. ard The PEu,in-
ces followed.
In a few days after. Mr.. Van Bureu
discovered great aud wtighiy matters
demanding lie sciion II Congress. Thas
proposition first Of The merchants Vas
granted.
H. July. zane the memorable letter 81
Gen. Jarks"n from the Hermitage, &C.
nounriag the banks aud iIlr merchants as
gully Of unparalleled iFeacl.rry and per-
'liAy.
Il August. came Ile proposition of Mr..
ti"use. lrnm Washington. aud of Senator
Wright from 81. l.awreucr. to sail ON the
ne" tack "f the sub.Irrasury.
In S"p'smber. Congress met. ahd Mr..
Calhoun I'm, on tie Loco Furn JACKET oi
he New York Park. Then Mr.. Van
!'aren kuew him, and hrgsed h's pardon
f"r having called him John Carslrre Cal
houn. the great rIiI0r aud inc, ndlary a.
The day.
In October. boas,ing hard money
g"vrrnmrnt, which Was Ia make he
gold r"n ~ the Mississippi" aud L" the
ye!!n" boys peep "u, of tie iuters'Iccs q;
lorg siIken PURSES" was seen making ten
millions Of dollars of lr, asuty paper be-
low specie par, and in some places leIoS
that bank paper, whirh did not bear any
lnIeres; al ALL
In May, tie amour, Of ,reseury notes
callrd for by the hard muuey Government
- $40, 0Go, eco ard IN June. the spc"md
proposition Of The New Y"rI merchants
is granted. viz: Repeal cG the Specie
Curular.
Now We have before us three tracks Ia
take, the tack Of Washington aud siatl..
son, The track al the Experiment. nr the
ETpcdieHk Tie ExpeJ,en. Is about be.
ing abandoned by lis own friends. The
helm at tie Ship of Safe. So far as To
rePea! the .y;3ecie Circa'ar. has bern rut
"n The bark irack. When Tie qn"sron
""mrs tanhe rrop!c of TuO STATE Bvk-.
with conflicting iutrrrsts. and 81, 000 600
dollars Gf Treasury notes, "r Que Natiunal
Bank, with unity Of interest, the rhird
proposition u: he merchants If New
York viii be granted. and the Eria blrau
Ship once m"Ic Will BE- nn the g'ntinus
rack u( the Father "f his dun,rv.
Gc"rg" WaShing'un, anil the Father uf
The Constitution, James Madison, both oG
" h"m approved National BANK.
----s s.~--
TIE L;ulr r .rA GAzrne nithe 23!iu.t. /
contains ful' and ,IetaiIed account of he /
Trial oi Colonel John Wilson. ! Ic S.eak ;
or "i The lioase nf Representatives. AMI /
member from Clarke rorutv. Ter the
murder III Majnr J. J. Anthony. menhcr
from The c"un'y 81 R,njnlph. on the 4 h
lay "t December las. There were stl
witnesses examined on behalf If the st,ie.