The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1841-08-26

sralnafr RxaE6- TIE c4tttAAt - -
,osart hrrasss scnnd. sna Inc nsgaais-
,ion. ID ne esrhsrgss SER es'rsd - q
H. la~e.I possible rats. The risrsla-
nan ass inesea.ed - mere lhsn esl 600.
Doo sna he nrtrs n the hstk wrre e.
sn,a.d - eqasl 10 sperse eli over ne
rauniss; thus shnsing. slGnsi eaheiusiff
n. shss 4 uas lhr raParIiy = Afsi - Is
riseess. I'D nol inlpe.l dlseasnis. ~hseh
furnished desc lacllslits and sdEsna.fes-
n may be remarked. ton. ihst naasish-
Standing tle immense nansseiicns ~ he
hank IN he purchase &c exchange. The
losses suslainsd ueTr merely nomsnsl.
uh.le in The line Of discounts me suspsnd'
"a deb, xas snoTmans. sEd proved mosi
disastrous 10 the bsnk shd he rounify.
Ils nnwer ~ lorsl disenuns has. 10 fart.
rta.ed 20 b. Iruiilal snuree 81 iarctisism
and eorr.plinn. nlske desirursiss 20 The
pubic morsls snd d he general wfal.
The capital invested in banks ~ dis
enunl in lhe Unisrd Slasss. created By
lhe sis,es. 81 lhis lime. sxrerds $3.50. 600.
OGO; AMI II he diseounlirg af local Paper
could haze produced an, bene6risl effects.
the uhiled Stairs ought "a possess 1he
soundest currency IN he world. Bat ne
reyer.e il lsmeniably The 'r~i.
I. The measure nnw under consideration
IL the objectionable character 10 which J
have alluded II i clearly -. unless hy
The I6lh Fundamental article ii the llth
sec,ion il 10 made elh.rslse That 81
title 10 IN The following w0lLs:
.The directors Of The said corporation
shalI establish one COMPETENT nilice Of
dssounl and depnsi'e IL ans Stale IN hieh
lua thousand shases shall have been sub
serb. d. or may BE- held. whenever. rpm
application Of lLr Legislature afsneh state.
Congrrss may, by la~. require the ssnsr.
And The said directors nav also rs'absish
una or more competent offices Of di.enuni
End ,lrpnsns IL any Trriinry or Dislric,
81 The Unned Safes. and IN any STATE
With the sssenl IL snrh stale; and when
established. the SAID office Or ailires shall
b. nnIy wiihdraWrnI removed By the snij
dirtrhrs. prior 10 The expltsiinn IT thu
charter. anh the prs,iou. assent Of Corr
grcss: Proridcd. IN respect 70 any slate
With shall not. ~ The hGsi session OF The
Legislature lLereol held aler The pssssgs
III this art. by RESOLUTION or niher usnal
legislative proceeding, Internationally as
sent or di.sen,Io The establishment OF such
rifire or offices within u. such assent 81
The said s'aie shall he thereafter presumed;
find prOrided Rersrihslsss, That when
ever !, shall become Necessary and pro
per. for carrying into execution any 81 he
poaers granted Nv the Constitution. Z"
establish On office or siiires in any 81 the
s,s,es whsiever, and the establishment
thereof shall he directed BY Law, Il shsll
be the duty az he said directors 10 rs.
Ishli.h surh office or Offices accordingly i"
l,.wlll be seen that by this clause the
directors are invested with the fullesi
pnser tn establish branch IN any State
xhich has yielded ils sssen'; and having
once established such hranrl,, u shall rOI
sI,er~ ard. be will draw n. excerpt By ar.
der II Conrnss. Such assent 10 io be
| implied, and 10 have the frce ani ssnc.
lion Of an seiuslly expressed assent.
"prosi,led, in respec, o. any State which
shall not aiths first stssisn II lie I.rgis
lsture ihereof h,ld alter III. passage Of
,his act. by resolution. ~ other u'Ualie
gisiuiire proceeding, nncOndiiiOndily a'
sent or dissrn, Is tile establishment Of
such offi,e or oiIicrs within Il. such IS.
seni rf sad State sh-ll be thereafter pr .
sumej." The assent ~ dissent - 10 be
expressed Internationally. al tie first
session ofthe Legislature. By some for
mai Legislative acF; aud 'fnoI 80 ex,asss.
ed, iis sssrn, 10 Ia be implied; aud the
duecIi"Is ate ihetGnun inyCsIeJ With
power. at such time thereafter as they
may please, 10 establish branches. which
rann0i afterwards be Withdraw. except
By resn.se 81 Congress. NamsllsI aha,
may DO the cause which NAV Operate
with the Legislature, which either pre-
rens il fr"In spsak;ng. or addresses iss, Il
10 iIs wisdpm. to lndnrc delay; il- assrnI
is TO be implnd. TINS iron role IL o.
give away TO no rftrumssnrss--iii i M.
bending and Iuarx,ble. Il Is The lsnsus &c
/ of the master 10 the vassa.---in uuc0nd,.
tinnal answer is claimtd furlbwi,l,; and
delay. posiponemeB'. ar incapaciIy 10 ans.
I wer. produces an implied assent. which is
ever sfier iTrsvocsble. Many of ihr
St1re elections have slready taken IL ce,
wuhuu. any knowledge, ori the pstt al
The people, that such a question vas Ia
come up. The representatives NAV de-
/ sire a submission ii the question To their
constituents. preparatory To iiaal aruon
uf"n II. DO, this high prish' &c i, deri
ed; whatever may be the mn.i,es and
riews entertained by the REPRESENTATIVES,
Of the people to induce delay. their a..
sent IS To be presumed. and j. ever al,er-
wards binding, unless ihrir dissent shall
be Internationally expressed a, their fir.l
session after the passage Vi This bill into
law. They may. by formal resuluiiuu,
declare tie question uf assent or Dissent