Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1857-12-04
TERMS OF ADVERTISING.
vent in future state Of affairs which must lead to


sion of specie payments, should be firmly and rgorosy
enforced Should either of these suspended Banks neglect
or refuse to pay the penalty already prescribed by law
provision of law should be made by which legal pro-
ceedings could at be instituted against such den-
quent Bank Banks, for the purpose of vacatng or
declaring void its charter To prevent future specua-
tlon and sufficient metallic currency for the
ordinary wants of the people of the State, no Bank
should be allowed to issue bills of less denomination than
twenty dollars. The shaving Of paper now described
" Domestic Exchange" should be prohibited. Any
Bank which should, for than thirty DAYS consecu-
lively, have circulation of its bills greater than three
dollars for every dollar in specie in its vaults should
forfeit ten per cent per month for such excess The
isting law prohibiting any Bank from paying out the
bills Of other Banks should be so modified as to prohibit
only their paying out the bills of the Banks of other
States.
That such wholesome laws Or regulations should
be made to correct the evils of the present system is
clear and indisputable Can any system which yields
such an enormous profit capital be just and wise
is now enjoyed by the Banks of South Carolina? The
citizen can only realize per cent on his loans, and yet
when his capital ooc into bank through It's multifr
Gus and iegtmate operations he realizes by declared
dividends and reserved funds which is merely dividend
to be paid in future the OF 90 30 and in
some instances it is believed even 40 per cent This is
the range of interest which the Bank capital of this
State has yielded for the last fiscal year. Are the profits
in agricultural mercantile other capital to be COM
pared with it? And can charter merely Justly give
such decided advantage to Banks all other capi-
tai? The Comptroller General apprehends not.
1t is to be deeply regretted that the Bank of the State
led the way the recent suspensions but the most casual
observer easily detect the cause This Bank and its
Branches at Columbia and Camden are the only Bank
ing institutions in the State that have extended any
reasonable aid to the farmer and planter that has
shielded the property of that largest and most valuable
class of citizens from the greedy spirit of gain so rife
amongst the other Banks. AT the close of the fiscal
year it will be seen that this Bank and its Branches had
expanded themselves to the utmost limits of prudence by
accommodation loans in the shape of Notes discounted
on personal security" bonds money invested in
State stocks" by advances for the State, &c. The
loans discounted personal security alone the bulk of
which in the hands of planters factors and merchants
amounts to $3,086,984 Ga being nearly one-third of
the whole thus invested by the whole of the twenty
banks in the State To shelter themselves therefore
under the wings of this bank was doubtless thought
to be good policy to drive it into suspension rst-hence
the run that made upon this institution compelled it
to shield its and the States interest by promptly
refusing any longer to be thus used and at once sus
pended.
Some apprehensions have been felt in various quar-
tiers to the sOvency of many of the Banks Should
any of these prove nSolve or not have abundant as
sets to meet their liabilities, the country has a double
guaranty, in the fact that each and every stockhoder
liable for double the amount of his stock for the II
months next preceding its transfer BY close analysis
of the reports it will be that the suspended Banks
in as good, Or well nigh good position, the
suspended ones and that the dposors could drive any
one of them into suspension at their pleasure
The Comptroller has notified the Presidents of each
of the suspended Banks that he will enforce against
them the penalties prescribed in the second section OF
the Act of l840 and should the Legislature not arrest
him, by some act the ensuing session, he promises to
make all those who have violated that act diSgOrgc
themselves of Of their gotten gains, and the
country thereby OF some of the burthens of axaOns.
An Appearance set Down In the Bills.
On tho first night of OuUpcI engagement at Cncn
natl the following whimsical incident occurred-Ohelo
was the play:
The fame of the great tragedian had drawn crowd
Ell audience composed of every description of persons
and among the rest country lass of sixteen whom not
knowing her real name) we will call Peggy Peggy
had never before seen the inside of play house She
entered at the time Otheo was making his defence be-
fore the duke and senators the audience unusually
attentive to the play, and Peggy permitted to walk
III the lobby until she arrived at the door of the stage
box, when gentleman handed her in without taking
his eyes from the celebrated performer and her beau
country boy obliged to remain in the lobby. Miss
Peggy stared about her for moment as if doubling
whether she her proper place. until casting her
eyes the stage she observed several chairs unOccV
pied. 1t is probable this circumstance alone would have
induced her to take the step she ddbut she observed
the people on the stage appeared at their than
those among whom she was standing and withal much
more sociable-and as fate would have it, just at the
moment, Oheo looked nearly towards the place where
she was situated and said Here comes the LADY,
The Senators half rose, in expectation of seeing the
gentle Desdemonia when 10 the maiden from the cou-
try stepped from the box plumb the stage, and adj
vanced towards the expecting Moore. 1t is impossible
to give any idea of the confusion that followed the
audience capped and cheered-the duke and senator's
forgot their dignity-the girl ready to sink with
CONSERVATION Cooper himself could not help Join
ing in the general mirh. The uproar lasted for several
minutes until the gentleman who handed her in the box
helped the bushng girl out of her unpleasant situation
1t agreed by all present that lady made her
debut on any stage with more ecat than Miss Peggy
Burton's Encyclopedia of WIT and H,tmor
/ LOLA INDIGNANT-Friday afternoon Madame Lola
Montez, accompanied by pet dog, named "Gpsey en-
tered the Pennsylvania Railroad depot, at Eleventh and
Market street Philadelphia with the intention Of engag
ing seat in of the She was informed by the
Conductor that she would have to be separated from her
dog account oa strict rule of the Company which pro-
hbited CANNES from keeping companionshp with
the regular paying passengers Thereat the cideuane
Countess of Landsct become exceedingly indignant and
and the conductor probably under sautary feat of the
horsewhip for handling which weapon upon masculine
bpeds Lola is famous, finally caved in, and Gipsey and
the Countess" mounted the in triumph.
NORTH CAROLINA BAILRoAD.-A comparative state
ment has been made Of the receipts of the Road for the
months of July August September and October in 1886
and 1857, by which it appears that the total amount
received from passenger freight and mail service for the
four months in 1856 l08307 20; and for the same
months in l857, from the sources, was $l3l 024
H. The increase in the amount for passengers was
$l2962 A. for freight, 49, 754 65-being total in
crease $22 o. If this rate of increase should con-
tnue during the year, the receipts of the road will reach
100000 and a reason for suppOSng that it may
do So is stated that the great bulk of the produce OF
= the country has not yet been sent to market
Y HiHsboro' Recorder
How the Foreign News Is VIewed---Its Effect ii
New York, &c.
NEW YORK, Nov. 25.--The l0relgn adVlceS are re-
garded as favorable as the anxiety and suspense here
have been relieved thereby and trade in England it is