Semi-weekly standard. [volume] (Raleigh, N.C.) 1853-18??, 1856-02-13

the mere mraas Of creating fictitious paper, with
gu, dollar. even Of paper currency, " Seaee.n y.
And !" the third place currency Mna 70 ali
sound principles Of banking =.
4 corporation with such power although crea'
ted merely as a Savings Institution, could be easily
converted into a mighty bank
1t was wise, therefore, to check paper issues from
this source.
Sec 5. BY this section the privilege of banking.
or of supplying a currency by the issue OF paper OF
any kind, whether by corporations or persons, IS
prohibited in every case, where it is not expressly
allowed.
The purpose is to regulate the quantum Of cur
ren,y and keep in hands responsible to the public
This section ends the series intended to inhiDit
the issue of forbidden paper currency. AS whoie'
they strike l. a: banks; 2, at all other corporations;
and 3, at individuals
forbid such issues 1t was thought that the policy
would be greatly aided, and to paper issues out
of the State the policy could only be enforced by
denouncins and prohibiting the circulation also, OF
the forbidden issues. And, therefore, all additional
section is introduced.
Sec g. BY this section, it is enacted, that no per-
son, or corporation shall receive any of the checks
certificates of deposit bank notes. or other security
forbidden to be issued, whether they were issued
! within or without the State.
have thus given, l think, a correct exposition,
with the policy which originated them, OF the sew
eral sections intended to guard the paper currency
of the State from redundant issues, her trade from
excess of stimulation and the people from specula-
ton, and consequent bankruptcy.
The aspect of the times in the opinion of the wri-
ter is full of warming that erery one OF these guards
is valuable conservative and necessary to the per-
manent and gradual advancement of the solid pros
perity of the State. And not among the least fear
full of the warnings, is the respectable advocacy,
through certain presses, for relaxing many OF those
restraints the safety and necessity OF which, sound
reason and repeated financial disasters have demon
strated to those who lay up in memory the lessons
of experience and wisely draw them forth before,
and not after, the mischief is done.
THE sIGNERS OF TIE MECKLENBURG DE-
CLARATION OF INDEPENDENCE!!
In July, 1854 san appeal to the women of North
Carolina was made by undetermined and patri-
otto matron of Wilmington, urging the ladies OF this
State organize and cooperate with patriotic ladies'
of sister States in soliciting contributions for the
purpose of purchasing Mount Vernon, to be forever
held by them, in memory of the illustrious Wash
inston Upon the suggestion, many ladies, glad of
an opportunity to manifest their deep sense of graf.
itudc to the immortal Chief:ar, and if possible, by
feminine virtue and patriotism. add a-oher wreath
to his chaplet Of honors, aborcd earnestly to be-
his ashes rest.
doubt not but the virtuous spirit was en-
hibited in every other county in the State; and if
SO, taking the amount collected for this purpose in
this county as an average, (Franklin is not an aver
age in population, being among the SIN lllest in rep.
| resentation) quite large sum has been collected
for purpose which, praiseworthy it was, has
yet proved failure, from the fact that the present
owner refuses to Sell the estate
do not, | think, Ovcrestimate, when | say that
the ladies Of Franklin county contributed to this
| scheme the of 5000. Say that each county in
North Carolina gave the same amount, there being
81 counties at that time, the entire contribution
would amount to SIG, 200.
| Now that our primary object has failed, what
| shall We do? Throw away the money that has been
subscribed, suffer it to remain in the hands of
| those who now hold (which is the same thing
| The trouble of retunding would be considerable,
and the individual sums are not desired. But does
not each contributor desire see the entire amount
expended in some way for the general good, or for
the honor Of North Carolina! No one, | believe,
will object to this Then ask my associates in the
former work, and the ladies of North Carolina gen.
orally, whether they willing that the alrca
dy collected shall be appropriated to the erection of
a suitable Monument upon Capitol Square, in the
! CITY Of Rateigh, IN honor Of the curly anil brare
pntrots rho signed the -NeckteuJurg Declaration Of
| Independence? Historic research has established
| the truth and genuine authenticity of this chiva-
rous act beyond the cavils of envy or incredulity
| Something more than the historic page and pa
per resolves in the legislative halls, should pcrpetu
! ate so glorious deed. Let chiseed marble lisc;
! column around whose gstening summit the light
of early dawn and the evening ray shall love to lin
| ger. Let it declare through coming time the worth
and the glory of those men who were Washington's
seniors in aspirations for liberty and as brave and
| true in heart as he
/ am conscious that the amount collected will not
| worthIly honor the memory of those departed he
! rocs; but cannot larger sum raised for a cause
| SO ennobling and honorable to State pride? What
| say the ladies of Mecklcnburg, "the daughters of
| those revolutionary lnatrons who resolved" that
they would not receive the addresses of any but the
| chivalrous and the brave? Will not a subject of
such peculiar interest engage the attention OF gen.
tlemen also? especially, when years ago, to com
memorate virtue, they employed the chisel of Ca.
| nova to give to marble the form and image of the
Father of his Country?
| By this act, North Carolina showed more graft
tude to Washington and deeper veneration for his
character than perhaps any State in the Union.
This tribute to his memory alike worthy of him
| and of her.
| Having done so well in honoring national wor h.
can it be that North-Carolina will fail to do honor
to her own sons, and permit the mantle of oblivion
to fall upon the names of those who were the fl rst
| upon the American Continent to strike for liberty
| and independence? We shall not believe it until
the experiment is tried and proves failure.
Franklin County, Jan. Goth, 1856.
| The RIGHT DlRECTIoN.-A mercantile house in
this place. has shown US letter. dated Salisbury.
LIST instant. stating that l6O bags corn so barrels