The North-Carolina standard., 1848-02-23

ments proposed to the loan bill; the question wheth
it shall possess the treasury feature not ben
finally decided at the hour of closing the mail.
i HALIFAX.
i PHILADELPHIA, FEB. I3, is4s.
According to precedent, the indications of an ap
preaching Presidential contest, beginning MAX
themselves felt monetary and commercial cir
cles Towards the close of the past year, all hands
named the lst of January the probable close of
stringent policy on the part of the Banks; but New
Year has come and gone, and the Cords instead o
being relaxed, doubled twisted, and linked, II
these matters the Federaliss rule, and they seem de-
ermined to make their might felt in the humbes
hovel of the humblest laborer in the land. The Ad
ministraton of Mr.. Van Buren, contending as il did
with necessary reVulsion, after period of stark
mad speculation and spurious Banking, offered al
inviting mark for this system of political warfare
and the success which attended that merciless
IS not without Its influence in stimulating the present
1t requires however, but little forecast to discover
In the future, result different are our present
circumstances from those which characterized the ad-
vent of the Sub-Treasury. Nevertheless, the hand
cuffs aresGpon US, and have but little hope of a
release before certain day lin November next.
Money IN the street is worth two per cent month.
and the Banks, after the fashion of the Monster in
stead OF sending out their money in front, send it out
the back way and shave the paper in the afternoon
that they discarded in the morning. This operation,
by weakening the jobbeTs, absolutely puts end to
the business of the Importers and the consequence is
that the Bonded Warehouses become the recipients
OF what the real prosperity of the country requires
should be scattered over the Union for every day
consumption. This IS bad enough, of course but
not we were in 80. so e,naciated as to be
thrown into spasms by trifing pecuniary sting
But let the enemies of national prosperity do their
worst and whatever the course of argument or threat
OF theories, our fair City is growing every day in
wealth, extent and beauty. To-day we are ice bound
and our great repositories are being filled with some
thing COOL to allay the ardour which will doubtless
obtain about next August. / believe have before
told you that, in this latitude, the summer has no
dying hour, the winter scarcely moment Of cOnya-
lsscence the passes from flowers to cypress in
day, the other goes to bed with the wrinkles of
age and rises IN the morning, with youth and beauty
and roses, all mingng upon his cheek. We are Just
now ready for this delightful change and feel as gay
IN anticipation as we may ever feel in the endowment
Our City Is yet full of aTnusements, but what is
termed I" the season" is subsiding. We have Lee
lures, the Theatre, and the Opera. few weeks ago
we had the Model Artists, but they are gone South
ana may Ill success attend them; for more digus-
ing and immoral exhibition has never dsgraced a
civilized community. In large City, there can be
always found some to countenance any and every
towards filth and abomination but Il
feel assured that the purity Of the country, and espe-
caliy OF the South, will vindcate itself In tolernr
no nroad upon its characteristic modesty and GOOD
breeding: give them countenance, no money! and
no puffs.
really do my best to divide nv letters between
Poiilcs and othor matters but the fact is, cannot
~ Jo0tICO
hope therefore, you will pardon me for little frth
er infliction. |
Agreeably to the usage among letter writers. I |
must begin by reminding you of foregone predictions
few months ago told you, believing YOU dis
;feet ana neutral looker-on, that the Democracy of
ne ola keystone We're preparing to call upon the
Natlonal Convention to bestow the next nomination
On one OF her sons, and that that son would be the
Ion. James buchanan. Well, our State Conven-
Ion does not meet until the 4th of March, but our
.Pl laofnI n111i
SO, which constitute the representations one hundred
md fifteen will go for James Buchanan, first and
asst, and against all opposition. He will receive the
v Shoie number OF votes In the end, by way of con-
lrmauon, and would receive them in the berinning
out for the fact that handful of Democrats in this
Ilty, or rather in the Wing Wards of the Ctv have
insisted upon bestowing personal compliment upon
nofher , gentleman The question now is, what will
ne NationaI Convention dol Having her pride
Ter ambition, and her just deserts at stake Pennsyl
ANA contempiates the issue with an absorbing and
Infiagging interest Mr.. Clay will be the Whig
lonhnee II he should in the Union Just as well
g g Nc ulo IN 49, and no better, except in the State
II New York, and that State should as before hold
ne casting vote, the matter for serious consideration
selecting nominee, will be narrowed down to two
'olnts. The first, is to how we are to secure the
Tote OF New York, and the next is as to where and
low we are to secure compensatory gain in case of
is loss. Now, if the Provisoists of New York are
onest they can never agree to extend slavery to the
lake OF the w oods; If they candid, they can
Grdn0G.
STILL If we accord to them the compliment of sinceri
y they must have some object in view in this con-
ec4on, besides the reprehensible one of defeating
ne democratic party. This we are bound to believe,
5 10 do atthey can to restrict the area of slavery
y f buchanan believes it to be perfectly constitution
u to settle this question by compromise; and he has
eclared himself in favor of that of the Southern
y line OF Missouri For near thirty years both the
or.h and South have abided by this mutual settle
nent' and neither has complained of serious detri-
nent. The South asks no more now and will not
ccept an inch less; the North can get no more. nor
VIZ she yield another inch. By taking Mr. Buch-
man, tins amlcable ground may be maintained. See
ng and knowing this is it not likely that the honest
portion OF the Provisoists would make Mr. Buchan
M nomination means of fegaining their former
nVIabie position in the Democratic party To SUM-
ose on the other hand that because they cannot get
reedom down to the Rio Grande, they VIII be con-
nlated by slavery up to the Lake of the Woods. ,
would be draft upon credulity, which, the appre
tension Is; viii not be honored by the results of the
ysuIe I uhls is as to the important vote of New
ork' The question Of indemnifying gain comes