The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1843-05-25

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assesses tat larfrissFs. ehish as no.
- ahea he eisizsns wess iasissd % sbb
scribe tisiF neney. ksIanly aGlerdsd aiit
. psasiay II ssd.laessl insftsl. bal. aha,
10 drelars lhsi she uill hear 50 sxenss
fof he sfis Meuld soeh eondaea b h..
nessble hsfsstn man and manf NJ,
B.ggs' reaalty d 25 per cent. snd hi.
Shepsrd's u . pr rent. 20 he total CIR
esislion ard deposits. eenisia tie same
gsnss sialsuaa u eoniIars, and deserve. 10
orr epinion. the sane rensnfe from lLoss
shs ihaAk he Stale shls 70 make con-
srsei. and honest enough y s,ick Il il.
II. upon msl,er - grave. shen The
satjeeis are eonsidsrtd. and likely - Be -
disastrous 10 he pubgle honor. il shs pro
posed leglslslion shauld ever b adopted.
@s had smile 10 bssios. Ii shosld Be
freely given 70 he ptoPosai u MI. B,gss.
thai he banks should aeser sell exchange
Il . higher rate ihsa one per rent. Err
ch0ngeis The differences. 10 value. Of dol
lar hsIe and elsuLefe-a dnllar here. and
. dollar 10 Liverpool. That difference Dc
pends % many circumstances connected
with conmsres. ossr ahich The siats Of
North Carolina can have - l,lle control.
80 oyef The iidrs snd &C should have been
- wisely engaged, il re had SCI about
. regulate The exact dliIsieRce. in The
value Of tue horses 81 The same size and
qualities. IN The lao quarters Of lie globe.
This idea. Of regula,ing exchange between
distant counties. by the positive law o.
one 81 them. 10 ne believe. wholly nes.
and well comss in II The rail u The grand
tinsncial quackefies Of The day.
IL Is Obvious 10 any man Of reflection.
that HE banks Of The Slaie could not re-
deem their noics, and yei survive in The
midsi Of general suspension around us.
They would be compelled 10 collect all
their debts from The people, in order 10
meet the pressure Of specie demands; and
The end of such business would be. 10
break The people and aind np The banks.
Browns, Biggs' and Shepsrd's bills all
declare, that. unless HE banks DO This.
they shall die Ia case 81 northern sus-
pension, il would become The inevitable
Necessity Of The banks 10 begin an indis.
crlnina'e and scIswing collection from
The pleoplc, every where; and, ~ our
Banks could rot tell when Tie northern
binks would resume. their only course OF
saiely would be. 10 coiltc, every dollar |
due them. with al possible despatch; Cor II
ever, icr The space Of thirty days during
2 year. the bank should be out Of funds, |
sherewr,h % redeem. lie charter would |
De forfeited. and heavy penalty accrue
10 the holder oi Is notes. Aud who,
felloW-cilzens, would be the losers OF
these heavy penalties, Who. but your
own ciuzens, your own stlie and your
ownlorg cherished common school fund!
Ind who would be The eaiaers! The
panl! No. indeed! 30, The keen eyed
broker-lhe man who has been fai,en~
ing. Tor years, on dsordereJ currency,
and will continue 10 fsuen, 20 long Is
The csnses Of disorder exist. while their
sntilors ase daily haranguing tie people
against The plOndering rapsclly Of the mo.
neg deslers--s swarm Of vampires they
Deges themselves. by furnishing such
food.
Next to Mr.. Bigg's idea OF regulating
he value Of dollar. a thousand miles of,
BY an act Of the General Assembly, in tha.
'ase made and provided. the most whlm>
'icsi was that oil NJ. Shepard. who under.
ook, by one bull, 10 make times easy, by
Increasing the quantity Of aper. and. BY
mother. 10 prohibit The riuzen from paw.
ny his bank drbt. with Virginia, South
Carolina, Tennessee or Georgia mo.
ley.
Having now presented 10 voar view Z
he attitude Of the Democratic party, on I
he subj ctof currency. on new years day /
si3. We will open a new chapter and 1.
conclude with lhclr doings. q
On Monday The 81 January Is43. and {
onbtless with The view 10 redeem The q
ledge Of The patty for the searching in- |,
es'igai'oo made The Saturday before. Mr. h
ones. Of Orange, introduced formal set b
! resolutions. duly garnished with a |,
rompons preamble. wherein il is set
'r.l' "that due regard 10 The rrbIis iu- d
rest requires tina, The condition Of said
'stiiutlons slall be thoroughly invests
a'sd. hsl.ii is impossible 10 make il dnr.
g the short time lLat any General As -,
'mbly ought to be in SESSION." and that +
u Is alike due 10 The public and the /,
INKS themselves. thai their condition =
al be sscertsined and made known 10 y
e country" The resolstiaas, alter =
is flourish. proceed 10 appoint three =,
who are +, be sworn, to n
selected by joint vote Of the two hous :,
, with power 10 inquire into " all abu =.
)" and +" all violations Of their charters.
d generally, into all and any ma ters /.
INJECTED with the management, OF said -
nks, 10 summon Witnesses, admins -
oaths. take evidence, and report as =, -