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

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Uses. 81 Msrlia. isaredRse4 "a {.
Hesas "a Ca&aoss. : series sc Fessis
aasss. psepesiFg - iBeuify lnia he II
psssnrg uf snssiiag . ls@--
Eszf-Thas . saspensisn, e. dir
days. q sny bsnk. shauid wosk . CO..
ssitaEs e 10 charter.
See0ady-Thsl. whsa . taEk sheull
= ia stsae &C saspsassan. Il sight y
sssd. bst Should nea SO - debsofs.
| Tirdlg.-fhsl he ss.ps adssg bsnl
shssld psy p per seat PCS saapn. -
sseh Paper. = i d. noi ssdssm - e.
nsnd.
Thess resolutions also prrr ed !
geassal inqaiFy, ~ssh pausr 10 ssad &
pfrsous and pspers. inin other nssisu
renesrlsd @,sh hsnklns sRd b.nk manage
meat. ssd they were referred - he jaia
select eonmlilee on banks. Very sool
sIser he reference. Mr. RRowS. Of Ca.
vel. sho sss ehsiFman Of that enn-
Ra'ee. seronsd bill 10 lie Srnsle. de-
cisfing lhsta suspension 81 specie pay
menls. fpF thirty days. during The yssr.
should Be forfeiture II chaner. and The
bark should reese % exist. Near The
sane lime, Mr.. Biegs iaHodurrd. into
The House Of Commans. bill carry inc
inlo eeret me suggestions Ci his Ie.ola.
lions. and providing. further. ihsino bi /
should cell exchange - higher rate Than
one per cent. just about this tine. also.
Mr. Shepard, ofWske. y no became fam
Gus for attempting. as . relief 10 Inc REQ
ple. 20 make and uller mlllipn or ins-
oeemsbis Treasury nsies, which. BY ex-
press provision, Mere moi allowed 10 cir-
eulsle - money, nor IN be receivable in
payment Of taxes, introduced IL !" bill
reisilne % hanks. &c. "by which. for The
more sdeetnsl relief IL The prorle, a. we
nlnsf suppose, IL VAS declared, IN one
section. that no bank in This state, shaulf
isks in payment IL ils debts. The notes Of
any slsier sis'e banks under penshies.
lnts and Imprisonment; and. in smother
section. the, Il any bank should suspend
specie payments for thirty day.. in
year. Il shouldiorie,i iis charter. snI furlh-
e. foririisnd psy into the public usssury,
three per cent on the eutire smounl oils
circulation and deposius.
On Friday. the 30lh day Of December.
within one day Of The clnse Of The SIKH
week Of the session. came d tie House
OF Commons from The Senate, certain
resolutions proposing IN immediate and
thorough investigation into the banks, By
q joint select committee. Phese resolu
lions were The offspring of The senator
irom Granville; and. 10 the House Of Com.
mons. were adopted wilhau, deb T.. and
without dissent. On The next day. The
democrauc periy moved reconsideration
Of Them. alleging - The reason therefor,
that they we're not broad and comprehen
slse enough 10 cover the ground Of exam
.nation, which The party had so much al
heart; and, moreover. ihst the remainder
81 The session would b. t1o short 10 carry
on thar searching and sitting in,esliga-
ton which the people we're 50 snxiousiy
locking for. and which the Wings, .here-
tofore, had wholly neglected. The whgs
opposed reconsideration. and proposed |
10 extend, by additional resolutions, IL |
agreeable TO The parry, The powers snl
duties OF the committee. They declared.
in The face OF The House. and in the pre-
'ence OF crowded gsil4ry. thai they had
no confidence 10 The professions OF lie
party to make insestIg a,inn; that the nas.
y had. intentionally, postponed. Iilflhs,
ste day. any sltemp. 10 raise an exams
ing Committee: that. If the resolutions
ere reconsidered. there would be no in
'tsugstlon: that they were sufficient 10
'nIld on. and il they we're SET ASIDE, Tie
'ote. which should do this. ould amount,
n their opinion, 10 refusal TO insesu-
ate at all. TheT charged The parry with
% intent. never to investigate on its own
esponsIbilI,v, because, upon such inves
gsIion II leared. the charges nf corrup-
ION aud mismansgemeni would be found
, be untrue, and then would be lost thai
iycrite iliene. in all elections, Of ahusins
anks. The Wings announced their re j. ,
mess and desire 10 give every consti,u-
onal power 70 the committee, 10 order 10 ,
u its inquiries. To al this, the demo.
'silc party replied. that the adherence Of I
le Wings TO The resolutions. already pas. I
ID, vas founded on their known insult. {
r'eney 10 accomplish the ebiec, of /
borough inquiry, and gave a solemn i
edge. that, when these resolutions q
'oLld be out Of the way. such should be il
Produced as would probe the banks 10 .
e bottom. and that the probe should be /.
ed. h
by strict party yn.e the resolutions j
ere reconsidered. with the avowe ed ohiect /!
er.niting them 10 sleep on the liable, Il
d--lhere they sleep! e
Thus stodd. on the last day If the year b
~. and on The frs, day OF Tie year Is43, e.
action OF The democratic party uf The 81
I Legislature, on the banks OF the state. ~
Before we proceed further with the his &C
y Of this subject, We propose 10 make b.
hort inquiry into the principles oil the te