wm%t$mtmn vcaruit u i «* u salisbury rowan county n.c tuksiay june 16 1829 vol x m 471 ■ i ■ ■ . ■ '■ " •"' ', ' ' "■ . i ■•■ ■ . a . ' . ', ■ o^^^^^^^^n^^t^^^^^^^b the htockholderi of this institution ducting the affairs of the sank majbi met in this city on monday last agreea rather expected in increase while tin bly in their adpiui nincn in december i profit by renvoi of curtailing tho uisi in oriler lo decide tbe important question j ess done must certainly diminish ami whether the bank should proceed to i the i itier will not probably defray tin wind up its affairs as expeditiously us ■ - former due regard io its own interest end the your committee are folly aware ths situation r iis debtors will permit 1 i it will in many instance bear vory han jet wm polk having been president upnn debtors to exact positively and at bi the former meeting as 1 nutter ol _\\ periods an instalment r 10 pei course presided on ibis occasiun and cent and it is believed by some ol ' ''"''••< jeted as secretary the committee that many 1 the debtors gen p.m saunders fir loult l could not comply with the requisition ililson and isaac wright h ■ appeared but oh the other band the stockholders •" i " llepn leniaiivoa or the state can not be expected to carry on ■ buainosi mr /'. bromne from ibe t'uminitier which wiflibe entirely unprofitable much appoitned t uu former meeting to c less one bv which foi want of ihe legal i 1 " i full and detailed account of the sil continuance ol the corporation u large ii.uiim un 11,11 nl i be lnsiitutlon,(in the part of the capital stock will certainly be absence ol the i'resld ml made a very a lost this latter evil might he remedied bio report exhibiting hie profits ol the by a renewal of the charier bui it is business as being very imall ami urging believed by your committee ihat neither the proptiety of closing the concern would the legislature grdnt nor would phis question being beforo the meet the body of stockholder accept a renew ing mr browne spoke at length in la a |- because your committee is well sat voi id deciding it afilrmatively ohsriv istied thai thorc is a great excess ol ing thai ivith ail the diligence thai could banking capital in n carolina which be used the lime which ihe charter had makes it alike unprofitable to the slock to run would not he found more than holder and injurious to the community | sufficient to collect tbe debts due the instl and from the chartered organisation of tuiinn ; and as the expiration of the char ibis hank ii is in constant danger of lor like the death of an individual would gross mismanagement camel all claims unit obligations nothing your committee under these circum coultl be recovered after the 1st jan 183s stances have anxiously turned their ai gen cameron believed there would be lemion to the various modes by which no difference of opinion in ihe incciing your business may be closed with ihe us io he propriety of winding up the earnest desire to discover and recommend concerns ol ihe uank ; but he had reason one by wliich it run be effected with us to suppose ibai a considerable difference little loss lo ihe owners and with as much of opinion existed as to tbe art medv of ef lenity in the debtors us possible il,nv feeling the object he proposed thero methods have been suggested to their | hue that ihe report which had been consideration of which none perhaps made to the meeting with the documenta are exempt from serious objections it i appended be committed lo a select com has however in ihe course of the consul i mitiee with directions lo report general tationsof your committee been surges ' ly on the subject with a suitable plan for ted by ihe gentlemen who represent tho ! accomplishing lie purpose mossrs kul state in this meeting and are serving on fin cameron browne boyun polk ami this committee that the danger of loss ihe three representatives of the stale i from the expiration of the charter is not composed the committee much to be apprehended because iliovv on wednesday morning .'/>-. ttuffin entertain no doubt but hie general as in behalf ol iho committee made a very sembly wsould continue by law the cor aaii.factnry report which appears in the porate powers beyond their present 11 ilirsi page of lo daj j carolinian and to i mil for ihe purpose of colleciuig debts 1 kupiu pp •"*'■ tfie"teuiioldo7?-!on 8.f,toidir o k c wy-*llum^^.lvlm eluded io postpone tho taking of further other acta proper anu necessary to the measures on this n tct until their an closing of the concern lo such amea nual rooeling in december next when i sure those gentlemen suppose that the ihey will have an opportunity ol asror legislature would be impelled by the lining the sentiments of be legislature interest ol the state as a stockholder in : n j tbi rank and by a provident disposition : hefore the meeting adjourned the re to prevent the necessity under whirl presenile of the state addressed a the stockholders would otborwlae lie of note to the chairman stating thai hie providing for their own security by^ome ■ law under whi h ihey acted in addition oilier measure insuring the collection ol to their appointment directed them •< to , all the debts before ; or at tbe expiration open a communication with the president of the charter i and above all by that and directors ol the several banks in ibis benignity and usuce which should and state io ascertain whether the said banks i is believed will alwaya charac arise be would agree to „ consolidstlon ol their ad of the government towards sllcllltens eve il corporations in the estsbliahment and which plainly forbid ihe extinguish olnncwb nl " ment of o largo amount of debt merely on mtotion of con cameron the for the want of a legal remedy con i was referred to a com a your committee suppose that the i ,„■„„,. be ,, ,:,,,.! on st be noxt sn greet ob|ect of the stocklittltlerse ipresenl . | jij io secure themselves and the mode ' '■■' report i uf so doing ia not material to them | beft . ' ' , , , on the contrary that ihe mode most ac , ' :'* !, ; imn ? w rl7,,r kcspum toth community and tbe pub ''>'* ' '■■' -;" "* h u ■, h " "' m "" ' ™ lie authorities would for ihat reason he "". ; „ , ,,., :., h , |, in decembe ust ccepteble lo the stock ;„„! alio the repottol be o.nmiucc , : y„u,eommi.'.ee have received i r m '' hi d'tz ' end considered with be great respect meeting have p e formed i i " tho suggestion of the repr.sent.live o tothem nd beg leave to report f m(ich rc)lorlioi1 a nla i in since the ' h.ri.r of this bank • u|m ar , „, oplnion will expire on the first day of january j t^q mtni assembly would pa "'" , r " l ' "".", er » tl the act contemplated by the state repr "' i 1 "" « ■•" ' ' w '*' ■»« 1 » c " y . sentatlves it would supersede the nece "'•'• *? ■■'■•■•■ '"' ":"" '"'•"* ' " u mvi.v l„r the adoption of any extraordlnar be adopted for collecting he di ii owing ' mur0 , „,,. stockholders eithei foi ,„ he institution and doting us con collection of the debts with unusu cetna within the period of it legal exit ,„, nr f 0p , e ting in trustee ucl tence it is a legal proposition i ihe i ■ / mi ..|„ rfm j uncollected ut ihe '"••!' ol , w . hi ' **• '" " p«m">«f ' i'l'mexpuliu oi the charter doubt thai npoi ibe expiration olthe er the corporation altogether ce four committee have perused th b , for all purposes nd ih il a suit i om statute rf tbe last les.lon undei whi . menced or even a iudgmenl obtnlned those gentlemen derive their appoint during the charter either by or agaipst ment and which contains their nairuc ' ,' could not in lii.'.b ■>• pn kcuted or en ions il ia nut found therein hi tin forced vour committee have by cal legislature have delegated to them any culation ascertained that if upo lebt buihority lo propose or complete tn ... .' ibiing silments com t under consideration hone often tor cent upon the amount ol il as ihe suggestion made by those gcnllcmei reduced i lime lo nine be rigidly re i not considered hy the committee b united and punctually paid every three obligatory upon the state and is .„,. n month it would rcquine six years and .. ended to be so viewed by the meeting hslftoroduce the.amotoglo , which but whllo those members of thel-ommli would he one year and a half beyond the tee who ate stockholders thus under umi of the charter and ihey are fui land he offer of the state's represent ler of opinio that even that periodi ii'es.'beyl.kewisccoucuriiitbc.ropini'ue han t would be found pr.c of the vf •**£ '", tlce the debt coul.l be collected bec.u . ll eo uch an act and thence » de perfect punctuality is no lo be expected , probability ol its passage and mi f i obvious also i in closing so largo that event i uncertain they k bu.fo ... hat oflhi bsnk c.rrlo aid he both un».c....ry and injur o at so many places increa.ed vigilaqpe to many interests ii he sio and mm m he necessary so that uer 10 lake any other con the 1 i your " mmit.ee few unotving the plea.ur of l le state n.i.vn lof the existing officer and servants cmld upon that noiv under roniidcrotion — large numlici of ihe i'iirctors the legit your committee are de.lroiii that their lature ought to make it a condition of views should not be misunderstood by any privilege nl any kind in ibe cor ihe stockholders : they do not content poration thai ibe board of ihe plate a renewal or extension of the pre principal bank i all ihe branches ion ghartar for any purpose of banking should b i 1 n ,..,,,, , ,,.. ,., v properly peaking phe sccepteiice oi ten including the public treasurer and icli a renewed charter the committee ihe hitter to five ootid noi reeommend lor reasons already in ibis opinion the committee from the iglvm the only valuable pdwer which stockholder entirely concur i and in j ought in be continued the corporation fairness to the ma of the stockholder ure tlusc which are necea.ary to keep ihey feel themselves compelled to stutc j „;> it existence toan.werthe den mils that many of the general meeting have i ol its creditor and lo enable il lo make from time 10 lime exerted themselves lo good the demands upon its debtor aii re.tr.in loan to the director und io r bbu.0 of ihosc power may lie guarded piire curtailment from them in fart g.in.t by two provision in the act | the the inconvenience und loi.es now ex lirsi thai ibe extcn.ion should be foi a perlenced were not unexpected by limited term ; the second that ihe or ibe stockholder though ihey excr por.tlon shall be resit uincil from issuing lod them elves lo the interim si of or re issuing any of ll oivn miles , , lie ihell power lo obviate and avoid ibem tbe expiration of the present barter experience hew thai notung short q/a in investigating ihe cdune ol ihe bud change by taw of the nunilrci nl tin dlrec nessof this institution heretofore and the lor will effectually cme.lv the evil the causes of the discredit and depreciation whole ol your committee therefore ol its paper and ihe heavy loi.es already feeling alike hie neccet.ity of ihe mca incurretl your committee have been sure siippuseih.il inc legislature will strongly impressed with the belief thai lor i he protection ol the public iniere.l must of those evils have arisen from the and to suppress undue unfair and inju inuliitude of ihe branches and ni the ions practice ol favoritism among bo directors according to tho charter directors lo themselves pass in ihcir from ihe former circumstance be ex wisdom a law ibf ihat purpose prunes are much enlarged und io cover vour committee in conclusion am ibem the directors are under strong impressed with iho belief thu with temtation io extend their business impru legislative lupport and aid in the points ileuily from the latter circumstance herein mentioned and aucb others a tho grow many evils the great number ul prudence of the next meeting of slack director namely ninety right prevents a holders nnh the intelligence of the leg unity of counsel and concert of action gi.lature may provide tho altalr of the und the adoption and per.evering execu hank may be managed though without lion of any system however prudent the hope of much profit yet without the besides ibese there is anolhee consr danger nfmuch further loss i and ihat ipience still more serious — one through i if the views hero taken should accord which in ihe vpuii.ni i l every member i with those ol the ooneral \, seuii.lv the ol your committee great loases have ... bank could be finally closed as speedily ri'iii'd to the stockholder the com and safely to the debtors and creditor miitcc allude io loans nude io the i'i s by any oihor immediate means which rectors for each other ll cannot be ex your commltieo could devise — and that peeled that competent men ol business 100 without the danger ol seriously and will gratuitously serve iii ihe responsible suddenly ilteciing the nature and amount difficult and disagreeable office ol a i'i of ihe circulating medium ir the value rector without having aome bank accom of proporty your committee there iiiouvuion if each one 1 ihe directory fore take ihe liberty ol m minting i ihe be eniiiled io and receive even a email meeting whether it be not proper to defer accommodation the number of ihoae bo further proceedings on this pi in until dies will make an aggregate ol debt of a thell ni ing and await the pie very largo and inconvenient amounf as sure of the logislnture upon the points iiiuncnl on wrtic'n uni ihuki '.. i ...■»... i ,....;. i n ,.. an instalment is paid tho directors debl ""-"' representative in ibis meoiing constitute a large investment which is and it is further ubmttied thai in ibe wholly unconirollable bv the bank in '"''"' while it bo recommended lotho even ihe greatest emergency amide president and dire - lo proceed in prlvesthe bank of the power of mora ex the usual regulai and moderate collec len.ively accommodating other ciiixena 1 tlot ol old accommodation loans ac besides this director sro often men in cording to their sound discre end the moderate circum-rtaii.es often men in ability ol the customer lo make pay trade liable to the misfortunos and min nis and to refrain irons nuking tnr incldent to speculations upon tbe l.,ii ither discount or new loans except upon ure of other debtors the los.ofthe whole p»pe '" '"' discharged at short period debt seldom happens because their regu upon which punrioal payments will bo lar curtailments demanded from ibem expected and exact i tends first to lessen their debt und c l all which i sub mited condly to prevent them from imprudent ] rhomab iii t un chum ly contracting debts beyond , licit ability n motion to pav since ihcir inability must be early ; • his ri port was unanimously ■ on nr deicted : whereas ibe debt i . dl red with n,l 300 copies th renford red rector may be kept up by an rtful man p «}_ ,. , „ '' m '",/,, a long as hi means enable him to meet ' *■ * '' ' ' *" yp the interest although the whole principal ' '■ "' '■ * '"' he lost your oommittee find that tbe ,, ,. . . ... , debt of the director i his time pig one day when giotto the amounts t the sum ... 8325,01 13 nd p was taking his sunday walk thai is less i h,.n it ha ben to many in his best unite with , party t years ; that it generally h.s been 8500 friends ut florence and w ia in tho 0 o or more and often much more ; thai midst of a long story aome pigs pas the preaent diminution ba arisen peril sed suddenly by j and one of them fiom payment partly from the death ol run ning between the painter's legs former director and till more from re ,| in . w him down when he git on cent changes in the directories by the (,-,, | eg , g a i n instead of swearing a removal of former incumbents buttlierc tcrrib | c oa h t the pig on tin lord v 3 cms tendency toward i ni ct s.ing _ , ivu d imh-ss smne remedy beg -. *. e beast : stup.j but they seem here is no resson loeapcel the pn leni tu me . i have some sense i justice improvement in it io last a fact has lor i have i irned severe thousand tomototlie knowledgo of your i ommil i crown with their bristles ind ye ice during the present investigation ne ver gave one of them even a ladleful which impressively proves the datigei lo 0 | , 0(ju ,,, mv 1,1 * be apprehended from this description — .,_ debi it la thai the larger part o f the t,t detlrou bugs in the month of lo hereto ore ust.inc by '•-■■ , k}w kled ,,„,., btrecr.t1heume p r;,hh . ice their depredati n the arar cl rc by all your ( oinmlt.ee 0 r very ,,. sj^^sm^a'w cim.ii.-u a co n lieation from ,'„ v b ow.,,,1 iheh employers by tempi w . v i nt usq to the southern ag inn and inducing them to use their official riculturatist h 1 stated tint ihe place solely for their per.onal dvaniao lru ret of fine cotton 1 in the « ind they likewise und lo bring oppro i ., .,,,., ,,| ,!.,". 1 1 tli.it ihe clur l , urr | r upon ihe insti ution ge.whii h ,(,.,,,,, c ,,| the tied to be preferred i in r i e d .- to the defaulting individ . lhl , ., ln , ., , u f f , m |,. yellow l only from the foci here disclosed 1 ,, .,. qj lir ,,,,-.,,, |,,„„ i s ; ed and lhl courie ol re.soi •., ihe gent q fae mufe fim ukyi ,,„, to men who repre.ont thj , , cent more th«n th to the p\3blslo a toiir.ence i co h i iiiim die latlsf.ctlon of informing the , ihe ihey have rcoeived ihe bsl ,, ut their goods , and ihey c infid mtly ai illei n i i ii d .. ur'tmant ol oooil , u rr ed style fashion r prices bus nevi r ,, i ii.ii'i in this m.rkcl ; consisting of ill's liluo am olive cloths po " .:»■", re lautlngsand circassians ■. .; i r nch ll imbaslnei bombuaeils cotton casstmere i ii drill brown french lb i ing isl l 1)j ilk nrlpe i inlteen .;.', uiiv',1 u.i'.i i ii superior article ,.|. ii si and 6-4 dome lie ul v i - leering do bleached tktnerior cotlon shirtings r.8 and ll bed tick 1 nil 4-4 apron check ii ii si , etlnga and drilling i labu ■ 111 an i i'll klenburglis very line irish linens a greal variety of calicoes [ in n i un — i ung l.iiwn ll'inniil ramb'd book muilin .!..;, ind il i l '.,: i ueno 1 inc sw'im m.i lin luc i :.' 1 hull muslin white hindered cravats swi , do lull in ho a superior article canionand kankin crapes ci.i'i do rte rob i ivi',',1 ores l>e nap lei dresiei italian and china silks bilk shawls and llkft white and blk silk stocking do and uiis',1 bocks lad ill other articles i f dry binds that arc usu a complete sssortmeat of uari-mare platedxeare and saddler , f.f boots shoes and leg < _ z j^aeaham i canis / i*«ja,ul umbrella h^&a t mid spanish begar z i '■ no gfall and earthen war . m ' vvry ibe'crit.t'in'i l fc : lb yi an assortment of * aa * ihc f ii cloths all of which tliev utfer very low for l . '.. bl i.liulcsale nr retail salisbury may 33d 1829 i i vvt-sli g-oo&a c\\eav . ifllle lubicriber is now receiving an open j ing al his st.n in soil ■ '<./■;', » latge sssorl asnl of spring and summer goods grn hardware f-'.z ',£__% groceries *&&?&& "',"■ ling almost very rticli n.ua i to he ' m in mores i bought for v ',. and selected in if wilh care in philadelphia an i ne iisk hie public are wnured tin • hod » m t'j ami is ,',.,' for co ' bl ail .'. 1 i ■' '• . - , nn bccnmmod ititii lei ... i ' '" i ii invited to call examine and ' ■ furl nn ■ may 9 1839 t w1ni1 removed hi " muin road leading from ib il lot n lo : '"- ilte , and having laid in :• ll >, supply ol ibiiw medicines will attend lo the calli ol 1 i enu », heretofore ii ■ hereby informs bin filcrfds und employers ", hi severe and /, otractrd illn-s . il for him tn call nn them ■"",' • with a view of making col i ii ins kttlcmeiits buch will v be immediately ind 11 il indebted to him by nub judgment i,or k ' i « i ploaau i iii iisebes ul ibis until nn with lu mber i a the will find ii live aocounti in the hand nl offli ■ ti * collection 3x72 . 1839 v-\\u,.l,\v lua v.nl'.vn ui four miles nt salisbury on both psifsa-idc 1 the llealties i mud ruad i an i . ci uni 1 b mr i.'eorge "*•■ '". which i ,. :, large nev and i'li.is.u.ll buu'.e with all the neoea mly aboul soacrei .; '<<" und under eultirallbn i two-thirds of ihe '"'■ '»»■ rim i uplan i i any in the neighbor rh 1 ,* , good porti in i fbeil kind of swamp '■ ' thai gi ,.', or grain i ll is in the hospitable and aocial neighborhood " ", r ""<, he nppl i , th |, ,.,','„ ,, in ihe " "■!. john i ol i . ren'r '•'■■ d 1830 .„ money wanted i u those indebted to the uibicrlber b " ' ta or otharwlie are hereby notified lo « wmedlataly and make naymi nt i bis no apply more particularly to all ' ho , in nut live in tbe immediate neigh ' l.'i.un |<., in i wynne '. 183