Weekly standard. [volume] (Raleigh, N.C.) 1858-1865, 1860-10-17
The Registers Attempt to make Party Capt.
4 tai OUT of the Financial Condition Of the
Country. tr'@fs. "a

The Registers Attempt to make Party Capt.
tai out of the Financial Condition Of the
Country. tt7"[p' 7" 1
The Raleigh Register Of the 10Th instant makes
what we must regard as most unworthy attempt
to manufacture political capital for dell and Everett
out of the financial condition of the country This
panic article of the Register states on undoubted
authority that the Banks of this State, in view of
the alarming condition of the country, produced by
the threats of destruction Of the government have
determined osuspea dscounting until future results
shall be developed" That paper then refers to the
Bank of North Carolina, and assumes that all busi-
men who have made contracts and engage
ments with the expectation of being aided by that
Bank, "will come up short, and those to whom they
are under obligations will in turn be reduced to
great pecuniary inconvenience" The remedy for
these evils which the Register then suggests is that
Maryland, Virginia North Carolina, Tennessee, Ken
tucky and Missouri shall vote for Bell and Everett!
That, the Editor thinks would restore coincidence
in the stability of the Union, even if Lincoln should
be elected" and prevent the effects of the monetary
panic now impending! -. s~
So far as the Bank of North Carolina is concern
ed think it probable that it has already gone in
its issues nearly to the limit of its charter and that
ordinary prudence and good financial management
would suggest that it should somewhat c,rtail its
loans without reference to any such crisis as that
conjured up by the Editor of the Register. We
say We think it probable, for we are not presumed
to knoo the exact condition of the institution or the
extent of its loans. In addition to this the Bank
Of Coro \ in Stoko hoe
lately been subjected to heavy runs by brokers or
their agents for specie; and we may add also that
the State Treasurer transacs the greater portion
of his business in the way of meeting the States
Indebtedness North through that Bank, and as
Northern exchange is now scarce, it is more than
probable that the Bank in view Of this, and of the
run made by brokers' would be inclined to contract
the margin of its discounts; for specie must be paid
when demanded, or suspension follows; and the
Treasurer must be accommodated, and the States
credit maintained, matter who may fail to obtain
loans We leave it with our readers to determine if
these are not sufficient reasons of themselves to
have induced the Bank of North Carolina to adopt
the course it has. We do not, however, speak "by
authority" our nelghbor of the Register does.
When did he become the organ Of the Bank of
North Carolina F.? Where did he acquire such
knowledge Of and such influence in the opera
| tons of Banks to be able to declarc-and that
too "by authority the only hope for the
Banks themselves, we'll as for their debtors and
those indebted to their debtors, is to be found in
voting for Bell and Everett? Verify, our neighbor
deserves premium for bis discoveries in finance,
and his knowledge in politics. He thinks the Eec-
toral votes of six States will restore confidence re-
establish the Banks of the State on solid fOunda
ton, prevent the cotton States from attempting dis
union, and thus save every thing and every body in
the course of few weeks. But never word does
| he say about the very men who responsible for
the present distracted condition of the country He
exhausts all his wrath on Southern men, and has no
word of censure even in the article we are noticing
for the black Republicans Leaders in the South
he assumes, are guilty of clerishing " "incendinry
| puaposes'- he calls for no maledctions and no
punishment on those leaders in the Northern States
who are aggressing upon the South, and whose pur-
| poses are &nonn to be lncendiary, revolutionary
and to the last degree disastrous. Party spirit and
desire to obtain few more votes for Bell and Ev
erett have closed his eyes to the real authors of i'm
/ pending troubles.
But is it true that the Bank of North Carolina has
ceased to discount? We understand it is not true.
We understand that the Bank still discounts good
paper short time but that its operations in this
respect have been necessarily restricted of late by
the circumstances mentioned in this article. So far
as the other Banks in the State are concerned We
have heard nothing from them of this panic which
has so seriously disturbed our neighbor. No notes
of alarm have been sounded from Wilmington, or
| Washington, or marlborough, or Fayetteville, or
Salisbury, or Charlotte. The Banks at these places
have not yet "heard the news which our neighbor
announces 'by authority " = ', '-
That there are dangers ahead no one will deny
but these dangers will arise, not from the course
which Southern men are pursuing, but from the
election of Lincoln by our abolition enemies. Mean
while we advise the business men of the State not
to be alarmed by this article of the Register 1t is
financial article, intended mainly, in all probabili-
ty, for political effect Indeed the ausion to Mr..
Breckinridge in the conclusion of the article and
I the attempt to show by insinuation that his sup
porters disunionists go very far to prove that
the object of theartice reav Is political. As such
I. we pronounce it unworthy and mischevous-as cal
culated to disturb business toinpair confidence be-
tween man and man, and to lead to- the very "pe-
cuniary Inconvenience distress, and bankruptcy
which the Register deprecates, and which that pa
j per, with wisdom that should produce astonish
ment, solemly declares can be averted in no other
way than by casting a few more votes for Bell and
Everett. . = ~ s. :. ~ - ss}4 e
= r. .s.e
/ # w A native of Canada, named James McCann.
employed in brick yard near Tarborough, being
t suspected Of too, much intimacy with negroes, and
one of the witnesses having testified that be
dangerous man. was ordered few days since by .
4 committee of the citizens to leave. He did 50 or
Il Monday last The Southerner says, = { McCanp war
not the only aboltonist in our n.idst and our cti
zeus would do well to look out for them" " meet