Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1849-11-02

he Journal Our patrons in their respective neighbor
hoods viii confer favor us by paying their bills to
he above agents. remit TO u.s. per mail, their
lest convenience
JAMES NJ. REDMOND, Marlborough, N. c..
JOSIAH JOHNSON, Clinton, Sampson county.
DR. J. .sEAvY, ITarrcils Store, New Hanover CO.
JossPH R. KRMP Baden county.
DR. sHERwoop, Strickland's Duplin county.
b. 8. KooNcE, Riclsand. Onslow county.
q. BARNES, Black Creek, Wayne county.
n5-Our subscribers at Hallssifle Duplin county,
will Andtheir bills in the hands of Mr. Samuel Davis
Post Master, who has consented to act as our agent
bic Office.
A New Fiscal Agency--WaU Street and
Buncombe IN the Field-Who does not recol-
lect the glorious times of the old United States
Bank, when Wall street was but stipendiary
of Nick Biddle, and jobbers, editors, currency.
commerce, and the elections, were ruled and
directed by the monster? Who does not re-
member the fierce, savage and protracted war
which it made against Old Hickory and the
people, and the universal panic, ruin, and dis
tress which followed its ignominious defeat ,
What became, then, of the pensioners They
crept into holes and corners-they denied
their master as bluntly as St. Peter, and ad-
mitted that bank was an " obsolete idea,'
and nuisance. But with the election of Har-
rison, the leeches of the old bank were on the
ground-the dried skeleton of the monster
was galvanized, and wanted but the scrape of
a pen to return it to full vigor. But they
could not head Captain Tyler . and bank
wings, iobbers, pensioners, and hucksters, all
fell together.
This time the monster was believed to be
dead and damned, soul and body, forever and
ever. And so it is. But as half loaf is bet.
ter than no bread, substitute has been pro.
posed. Wall street and Buncombe are in the
field. The Hon. Thomas L. Clingman, Of
North Carolina, in letter first published in q
paper without circulation, proposes a new
" scheme of a national currency Reduced
TO its simplest form, he proposes to establish
free system of banking throughout the Uni
ted States, on the faith of the public stocks
Mr.. Clingman is from the Buncombe district
famous for rocks of the secondary formation
its mineral springs, pine shingles, and buck
wheat cakes. Having secured his reelection
to the House, and having the leisure Of the
summer upon his hands, Mr.. Clingman, emer.
ging from the woods of Buncombe, has beer
for some months engaged in the inspection O.
the factories of cotton and politics in the North
He has been initiated into the mysteries of thu
Albany lunto-the secrets of the money chan
gers-the science of stock -jobbing-and Bun
combe is in the field Mr. Draper, chief o.
the forlorn hope in behalf of Col. Webb, a
Washington, has found his man; and the topic
of conversation over bottle of wine, hal
become great national measure. Everybody
is wondering that the wiseacres of Congress
did not think of il before. But the scheme o.
Mr.. Clingman looks suspicious. 1t has the
sulphurous odor of Wall street all over it,
The hoofs of the old monster stick out. though
!, Il L
feting, and lioniZing, a Juicy dinner at the
Astor House, and the tour of our public insti
tutlons in an Alderman's carriage to the Peni
Tertiary, are hard to be resisted, though all fol
Buncombe.
There is something of plot at the bottom
The pensioners of the old bank, who. afte
betraying and numbering their master and ben
efactor, have pinned away to skin and bone
cannot stand it any longer. Twelve year,
fast is long enough. 1t was the father of GU
present Secretary OF the Treasury who wa
President of the Schuylkill Bank when
broke down it was Mr.. Meredith's colecto
at Philadelphia who broke up with the Girar
concern it was this last appointment, an
others like ii, that contributed to the late viii
defeat in that city But still this does not pre-
vent the conspiracy. We may expect all thes
men, and all those who fattened on the oil
bank-all who were bought or sold, whethe
for five, ten, or twenty thousand, or for $50.
765 .371-to 60 for the new scheme. MI
Clingman only lifts the curtain. The seen
shifters are behind. The treasury is an oil
COW, whose milk is too rich to be lost TIL
scheme of Mr.. CliDgman is but the first move
ment Pass it, and bank comes next in Of
der. Somehow or other the stock jobbin
brotherhood must get into the treasury. l.
us have, then, the bill of Buncombe. The
the purlieus of Wall street will become th
valleys of the Sacramento and San Joaquin
the very sidewalks will be richer in gold tina
the mines of the desert; bank paper will il
crease by millions j.; everything will go ~
will wind up the concern.--N T. Herald.