Carolina Watchman

              i_k^aie(d2_iiel ll mmm ' by lia-tllltoltf c jones salisbury n €. if a vol vi yp 3 wholeyo 26a the remedy j l ' ie slate governments had their clotn^^^^^h^^^^^hih^^^^^^^^^^^^^h kn ., two feet longh t°4fl from the national gazette june 17 democracy number^h as may there are that congress can justifjh persona of in measuring its own cloth with a that the general government the people t should not trouble itselt aboit a ihmn with yardsticks made off of specie payments but should confine its laslic ? the idea inadmissible at:-;m operations to of collect j withstanding ir.fluenceh ing revenue i dibf-rath each state to own afatra ■»)' *'-•<> halter th own had wounds inlheye&r 1834 it nave country has a to expect thai th<9 had something o justify it but at th period of that body ir september next vi i ! !«^ ht^^-sb iis advo.acy comes with bad grace from that mediately directed to lhe threat object of lore have to become acred tor of ths state whose party leaders have brought lhe coun restoring specie payments bunks bpf.,rp it could coerce them this try into its present condition but let us i e writer has carefully watched the or j it could accomplish in fo-ir modes first hy examine the proposition a little and see to gan of the administration at washington selling ilss^cie or stocks for state bank ebatitwill lead to see what hew plan foi the relief of ihe j notes secoii'.li by collecting the public there are now eight hundred and twen country was likely to be proposed since the j revenue n itch notes thirdly hy receiv ty-three banks and branches in the united p r e-t of receiving and paying the public j ing on depjjite state bank notes and suites holding charters under twenty-five revenues n gold and silver examined in fourthly bji lending us specie or stock tc stales two territories and one district ! mv ' as t and which appears to be abandon | individual borrowers and receiving from making twenty-right independent sources j l d as a measure adapted to restore specie ! them in payment the notes of stale banks according as each of these hanks ts con ! payments nothing has yet been nficially j it would l^a sorry aorl of trade for a na ducted with more or less prudence tbe ex j thrown ont the signs of the timrs how j lional bank/.o carry on lo become posses tent of the depreciation of its nohs will j ever i m uumerous other quartets sufficient j e«l of depri lated notes for the sake of do be lessor more extensive and it is now i '* indicate the gradual concentration of j ir what t./lividuala would reluctantly do — quite possible that there mav be several 1 public opinion in f>vor of a great bank as that is nn the banks it might even be a hundred local currencies ditter'ing from each lue on y rein.-dy for uie existing evil and it , very u,ij.r stable game for in order to make other and all of them differing from the ; cannot be doubted that a national insiitu j the re.umption geneial it would have to metallic standard it s true that in cities '•°" ' 3 now a favorite measure with a large ! get had of tbe notes of all the hanks or at and large towns arrangements can be made barty who opposed the recharlermg of die least of a majority of them which would amongst the banks of 1k same place to m a * e bank of the united stau-s consider be a hazirdous as moil as expensive opera check^the issuer of each other bv vol in a | m s ' l as cerlain that one of tlie first steps | lion 1 take it for granted lhat no such fol ry enoa2ements to pay n,ere<-i for daily a en •'? congress at the ensuing sc-smon ly ceuld be attempted and ther*.foredis,niss balances and to limit the amoonl which any ' ****** be lo d>s<-'iss the merited such a fdan this vieaf of the subject onernay owe to anot.it-r under lhe penally vill venture a few observations in relation but it is certain that if the bank was re of handing over to the cre,|i r party the to '*• solved i.i carry on lhe business of banking choice of its bill r e.vable-.t but comb j the charter of a national link will meg ; '| i--'veu^liaeount notes let us natrons of tbis sort b twee ii i ;'.- h^ts'^nn opposition from all iiio.se who hold .■***"'*- '* "' „.' ' of one slate or between those of different b ch a bank t be unconstitutional which i it r,em pin 5 . °, ° n .° le _£ r states are not i be looked f ,, and we ,_ no small party in congress aa whi as ten umu and dollars and other people offer may therefor lake t for granted until a from those who mav hold it lo be ineape t f -»» whole to a unl general reslm of specie payments is f '■ due ' ' 0 " ul , ars ' w!,u:h auioul s ei,tere<1 w fected the currency of notwophcea will j gh^uld it pass b a maio.it v of hot , lhei cr * '[\ lne,r j books with an __________________________■_■________■___________________■____________: -•-<!__■__________________________________ general government and h " ic vith lheir united powers not l^se the slightest control opera _.•-?, would have no direct the contraction of their mjbhich can alone render them capable and would in all probability wheui as they have unquestionably some of our cities since the 10th as is evinced from the diminished interest and the angmenleil price of ■ the conseqtien-e of this would or depreciation nf the cun ncy scene of overtrading and it the petition of the it asters which have so recently overwhelmed us terms a from the national intelligencer editor's correspondence the watchman may hereafter be had for two dollars and fifty cents per year a class of four new subscribers who will piy in advance the whole sum at one payment shall have the paper for one year at two dor lars each and as long as ih same class shall can tin tie thus to pay in advance the snm of eight dollars the sam terms shall continue otherwise ihey will be charged as other subscri bers sii'wcribers who do not pay riming the year will be charged three dollars in all cases no subscription will ae received for les3 than one year c3 ah letters to th f.'.itor m nst be post paid ' o'h.rwise they will certainly ni t be at tended to new york july 24 3j the arrival of the havre and ports mouth packet ahips gives ua news from pans to the 16th and from london to the mih ult when the news of our ana pension of spc.ie payments and the cal ling of congress and ihe new york le galization act cf the snapension were well known in tha greet capitals of the world the worst being known tha sensation ; was not near so great as was anticipated the journal nv dibats and the tlondon courier whose editors have been in a merica and know something of our poli tics and much of our character reason correctly and infer that ie american mer chants will pay their debts now that they can the london times the london globe and the imacclesfieid courier and other journals think that our merchants intend to follow the advica of the wash ington globe and a high functionary in washington to swindle and lo rob and are therefore in a rage i anon they will learn better american merchants ate not swindlers nor robbers even though the government organ advises them io be and will pay their debts and are p3yi.i them daily even though it tikes all the properly they have in the world : and anon all the european journalists will learn the differ ence between the advice ot corrupt politi cians and the practice cf honest m.f chants if these positions can be controverted i should be glad to see it done if a new national bank can be set in motion with powers to coerce the state banks to resume specie p.ymenis i would be pleased to see the modus operandi pointed out from what reflection the writer has devoted to the subject he is not able to see how the eoutury can be relieved by any new bank even if the expedient were resorted to of applying the whole capital of such a one as he has supposed in loans to the different batiks which would be equal to about ten per cent on the total amount of their loans it could extinguish but fifty millions of pa per credits existing in the form of notes in circulation and deposites how a general curtailment of bank loans throughout the united states to such an extent would go to place all the banks in a situation to re sume specie payments may be easily con jectured when it is known that the aggre gate amount of loans beyond lhe amount of capitals on the 1st of january 1836 as appears by the secretary of the treasury's r.-pori of be j of january last was 205,630,788 and besides what guar anty could there le that any stipulation for resumption would be generally complied with or tliat lhe loan would be properly secured ? teiims of anvf.rtisi.n-rj — si-sty two sf a half cent per square for hie fir.it insertion and 314 cents per squire for each insertion aflericards no advertisement will be inserted for lts s than one dollar advertisements will be continued until orders are received to stop them where no directions are previously given adveitise n^nts by the year or six months will be male at a d din per month for each squa'e with th privilege of changing the form every quarter markets salisbury beeswax per lb 13 a 20 cts ; brandy ap ple per gal 45 a 50 cts ; cotton per ib in teedj 3 cis col ton bagging per yd 20 5 els gufiee per ib 16 a 18 cts castings per lb 4 ■ 5-cta ; cotton yam from no 6 lo no ii 1 75 a 2 00 cis ; feathers per lb 35 cis n pr hi h6 80 wheat pr i.-.h 100 i s5;oata pr bushel 30 cts corn pr hush 65 cts i run per lb 6 a cts lead per lh 8 n 10 cts ; molasses per gal 62i cis • nails per lh 9 a 10 cis ; beef p»r ib 0 a 0 cts ; baeot per lb 121 eta , butter per lb 1-21 cis ; lard per ih 15 is s,li per bushel 1 25 1 50 t sieel ameri cuii lilister per lb 10 cts ; kngli h .:.). per lb 20 ts ; cist do per ib 25 a so ei ; sugar pei lb i2 a 15 cts ; run jamaica per gal f ; yankee do 1 ; vv fele-in per ib 30 cts tallow per ib 10 i-2 1 . s tow-linen pr yd 16 a 20 cs wine tene .• . ..-. ual 1 50 portugal do t 50 i 11 , - ; claret do per gal 1 3 a 1 75 cts malaga sweet per ifal.jl ; whisk 45 a 50 cts cheraw the political news from r-.ropo t un im portent excepi lhal on thn > * nit the king of england was dangerously 1 11 ot the same disease of which george the fourth died the jtlcs at versstllm and in pa is in honor of the late marriage have been exceedingly brilliant france seems to be about quieting its war in africa by a treaty time togetne flm it should he so - he natun of lh ngs anil nothing ran i r b v.-n it ui less the twenty eight gov , i.;nw which have created the hanks should nil i gree to enforce a res such :.-■ course with th recent i xamples before i of the slates of new v < ik ind i , i:i:;i.-'ii.-ii:h sain honing by law ll.e i.-p--n-.-i of n'b liter banks the former v;i mithi izmgb them o augment their loans and oi t:.<b slate of mississippi granting two n chai ■ ters for ' auk with large capitals i not i ■ be expected indeed wli n vvr look ,., | b enormous amount of debts existing i th b lime througlio.it the union which i is f b thn inter si of so many people and oi.i).-.tb them no sm-ilt number of legislators t>fl ___ postpone any thing like a concert of :»■ < b amongst he state governments is noi like b ly to i ; t : a ;.!. , '.-' ■ lions bull upon such an event wiil prove b to be utterly futile a depreciated spe-eieb currency therefore is jus as certain lo lu-b listened on the count v should li.e govern i ment return n quiescent on the occasion asfl that it exists and it is for that reason that il have thought it worth while to oft'-r lh seb remarks it addition o those which have been alrer.dy advanced i the currency of a country is for thel time being the standard measure of the pri-l ces of commodities a.iri properly somewhat in the same manner lhat a yardstick is the standard measure of cloth so long lhcre-1 fore as the currency is coin et paper «■..-! changeable on demand for coin so long is tbe standard invested with a degree of tix-l edness but the moment that the converti-l bilitv of pape juto specie is gone that mo-b ment is the fixedness of the standard gonel also in such event it resembles a ynrdslickl that can be made to shrink at he pleasure oflhe patron who is measuring svilhitl the project of receiving and paving ihe public revenue in specie while the states and the people collect and pav iheir debts in paper is precisely the same if the bguvernment were to use a true standard byardstick at the custom-house to measure bcloth with and the states and the people bv-ere to use others of a3 many different blengths as the lancy of the makers of vard bsticks might suggest in such a case it is ■ very manifestly lo be seen what classes of ■ persons would be most injured namely the ■ ignorant and illiterate who not being as ■ able to judge as their intelligent neighbors ■ of the precise difference between the irue ■ and the false measure would be cheated 4 ■ imposed upon every tune ihey bought or sold that the officers ol government and bllio thousands uf persons who live upon fixed salaries in us employ should all be in favor ot being paid in specie is natural enough b'ii.ey would like to have their cloth mea snred by the metallic yardstick and they bprobabiy would not care if the officers of llo.is.s it will meet r,th ihe veto of tht president whose honor and integrity are so irrevocably committed aoai-ist such a link in his i '.,, r ,<> sli'rrod willi ns thai it is .;; a-th.-r r.tp'.psiide thai he can sign i charter or connive a its hecomin a law by retaining tbe lull ten days in his pos session wits it reptutttii^h bard ncuiey so far so good dobbsh & co i nve a custom house bond to p ;! vh for oie iwnsand dollars antl for thai st.mh ihey givelhe hank which is lhe depnsiio-m ry of tin ni.blic money a check one tliow-l sand theweave as a balance in the b-inkh afd the ilher eight thousand tbey drawh oil in * / notes oflhe hank for liie pur-h iso of nay ing other debts bit in p'ty-^b iiij it j debt they would take care noil lo pa jin those identical notes itiasmu.li^h a ther would he worn iti the market llit-h price/if specie being redeemable on de i ti tttj in coin dobhs & jo , wot i i.h therefore sell them i't current notes v:;!,l widen t-o'v would pay tlt^ir debts and ml • fewi hours the notes would be returned i [•■:■_' i.tii.miril bunk tor payment in coin h l * s me thing would happen with all '- h r7--:i r i i.**m uy l b i..k until all si isjiecie capital w n.ld lie drawn out 1 h iiioihs would not circulate as money for > h ivery reason that thev would be more valu-^b l:.!»ie than the currency which creditors iw.iwl i be content tu take an i for lhe veryh isa.imj reason lhat lhe notes of the bank h line metropolis were all returned to thaih 111 ink when she gave nut on the 12th 1 i vi y ihat she would not suspend speciem ipayi lien's as ihe banks of the northern ci-h i ies h ul done tne aim pie fact tliat tl.erem lis not now a specie-paying bank in tl.eh le mtnlty lhal has notes to anv considerable lii'tioti'it iii circulation is conclusive proofl i f what i assert ii is true that dobbs vi 1 and the other borrowers at the end ofl s>xty days if they could not gel their notesi irenewed would have lo pay back in coin hthe so us tbey bora wed whicii they wouldl irepurch-ase lrom ihe brokers ; but the hankl i would have to lend it again to somebodyl islsi who wotil 1 go through the same pro-l bees the eff.cl ol which would be lo keep lup a circulation of specie between thel ibank and the brokers but nowhere else m i but it is clear lhal no bank could he con-fl iducled with profit tbat should confine itsl lloans to ihe amount of its specie capital land lhal the bank in question by the loanl lof its first ten millions could acquire nd i power to coerce oilier banks to resume ispecie payments its whole power would ibe limited to the borrowers of that sum land could be exerted no further than to idraw in the sum it had loaned out ; audit i might even be questionable whether in i times like these loans could be made with isuch certain knowledge of the solvency of h borrowers as would ensure to the bank ihe i punctual repayment of oie ten millions hnor would the mailer be mended by any i subsequent loans in order lo augment hit business the bank would be obliged to hconverl its funded debt in specie new hloans on discount would be followed by a hnew drain of the specie and after convert hirg the half or die whole of its capital into hdiscounted notes and bills it would not be hable to keep a single note out in circulation h with the exception of the few which the might need to make payment hat points at which there was no branch lb nk and even these would not stay out a irinute longer than a sufficient time to lr;-ch the nearest spot where their redemp liiin in specie could be demanded two mn.*rencies of different valuta cannot circu mlate at the same lime and to attempt it i would be rank folly h but there is a most important subject hwhich presents itself at this stage of the la gument the loans of thia new bank lw>uld be most probably in addition to all hthe existing bapk loans and in such event bwould afford facilities for new speculations la d enterprises which would not fail to ihive a most pernicious effect and to post m me still further the general resump'ion :' specie payments the stale banks the writer does however see how an old bank having the state banks and the public already in his debt to the extent of sixty-three millions of dollars having the experience of twenty years to guide it possessing a domestic credit which com mands for its notes at this moment in the southwestern country a premium of from three to ten.pe^cen^and a foreign credit e qual lo any loan that might be reasonably required could by the co-operation ofthe general government and the powerful in fl iciice of the stockholders which could be exerted in favor of a sound currency accomplish the desired result it lis for that reason that in his first essay entitled " remedy no 1 he pointed out the pennsylvania bank of the united states as the only instrument which can be employ ed with effect that the executive gov ern n".it am lhe globe are too deeply com milted auainsl '■ kiddie's bank to listen to this suggestion he is well aware ; but better things are to be hoped from con gress which will hardly risk the danger of a permanent " constitutional currency of rags when one oi redeemable paper and sorn can be secured by a little sacrifice of pride ■ the house of welles dc co of pan well known to all our merchants and to all american traders has not failed the bank of france carries it safely through the storm welles is a bostoiiian and gives brilliant soirees and grand dinners famous even in paris • . use < ■( a veto i is hardly possi ble lhal two-th,rds l both houses can lie the whigs of mr jarvis's distric maine the easternmost end of the east ernmost stale have carried the district by a coup de main the whig member ele.-i is joseph c noyes and by 500 majority exhibiting a gab since tho late trial in th district of 1,300 voies and over tbu means something ; but that tammany thunder we sent on the other day 1 #<*».', ia much more terrific in washington mr webster ia at ulica oi hia * y homeward in western new york he was received with the most enthuai t f in market pe a8 < : , bacon per 10 a 1 1 cis 11 • is ; be perlb 20 a 2 et , bags • .'*•■' 18a 25 cis ; bale rope p n ib a ii 1 4 - , cvlfee pr lh iii a 16 ctsic in per l lb j$5 8 00 00 00 cornier _| 1 ll is ; flour from w;t s per brl 7 r 000 froui stores per hr!.$io a 13 i pm 100 lbs 5 ji a 0 m iilasses per _■-, i 55 i cis nails cut assort ed per ib 3 1 . a .. '•'- ; wroaght do per lb 20 cis ; pork p ib j8 9 ; itice per itlo lbs 4 a 5 00 s,i_r v r j ib 10 1-21 2 a cts salt pr <-■.-•'- 7 | y ' .*. .. .: s - .;: ,*■..;"■■ ■ ! \ mencaii htiste pr lb 10 16 cis tallow p*-f lb 10 ■ l-2i <• , tea imperial per ib j>l 25 a 1 374 cts flys-in ' i pr kb$l a i 25 cts ; tobacco manu factnr id per i 10 a 15 cis nnd to pass the bill unless inde«*d general 1 ickson should ap|iro of it which case ll would u-ost certainly become a law for th s;.k n argument however i will suppose lha m i '.,.-> for a n.ilionil bank pi ould lie grained with a capital nl fi.-ty millions of luilinrs this capital i wil sup so to im made up of gove-rn'riien stocks s'i'is'-ii 1 '..; hi lha pall of ihe un ii s m s ••■■ id ..*"■"■• sim s s;.i ,,:.: ■; *.*.' be part f some or ail of ihe stales or it astic demonstrations of public approba tion ndiv duals or partly of nun aid partly of the other lo the amouui of forty millions of dollars and hie balance ot specie i create uie capital to this way for lm pur notwithstanding the shock in london of american credit " the monster's bonds fayette ville pose of iibviatuiti thn common objection that a capital of lii'tv millions or eve o hail tlo amount could not he obtained fro n individuals culler in lliis coiiulry or in eu rope whteh app^a.s to be the general opin ion f in iii'_'>ui men in , he case of both sold 13th june at 03 to 9l when he cotton operations in new orleans arc known in london they will stand better than ever the stock of ihe bank is to day in thi6 city 16 per cent shoes par don't this break your heart mr globe ? brandy pea-h 75 a 80 do apple 60 a 70 bac.r prlb 10 1 1 a 000 cotton pr lb 6 a 8 cts coffee pr lb ltl a 131 ; flour bb 6j a 9i flaxseed pr bb $ i 00 a 000 feathers pr ib 40 a corn pr ousl 1 1 5 a i 25 iron prlb 5i a 6 mo lasses pr gal 35 40 a 00 nails cut 74 a 8 salt pr bush 50 a 75 sugar pr lb 71 all ; tobacco leaf 1 a 3 ; wheat pr bush 1 30 0 whiskey pr gal 5053 beeswax 20 a 00 an examiner june 17 1837 iie lonii-r national t-anks t w s found n — * _ writer in the globe of tlie 3d of june under lhe signature of '• an observer asseits that the amount of the loans and discounts of lhe pennsylvania bank ofthe united states on the lst of may last was 163.552 952 the globe's endorsement of the tall madge letter has dashed ail the bigh hope of the tammany loco-focos here and hereabou to-iiay they tr jumping jim crow and ihey will " snrn about and * wheel about till tho globe tells them what to be about quarter to 4 o'clock — ths st james the london packet ship ofthe 20ih ia tele graphed below and we have been expect ing the files of paperr hy her for some tunc she will give us more eonmercral news ol importance and liie state cf ihe health of the king p s -— the king o e.vgl-vt pikd on the 20th this is ths rumcr by ths news-boat men in all probability correct i have not time to read the papers and get this letter mailed in seison cessary to make out fifths of the piinli consist f pu'dic st ks ami as here are iio>v existing no such stocks issued |, v the feder-,1 government those oflhe states would have o o substituted or f'on_r»ss would be oblig'-d lo becme the chief pro prietor of the hank by creating a sto k for the purpose 1 will not slop o examine the constitutionality ol a gov inment bank or the expediency of creating a politic i machine of immense p-*<*>iniary power be cause i want to come io lh rn.i.i point a once i will suppose such a bank or one formed in any other manner — su.-b for in stance us the bank projected last year in new york upon the security ot real estate — to be organized ind icady to transact business in nins months from september next allowing ihesamelime that was found necsssary by the last bank of tbe united states before it could commence operations it may be established in philadelphia or new york or washington city antl may have at its head and iu its ilirection men of lhe best financial skill what coui 1 it do jl.iw j\*otlcav james martin and r h alexan der late of north carolina attorneys at law mobile alabama attend all the courts bolden in the city of mobile ihe supreme court at tuscaloosa and the circuit cnu.t of the u nited states in the city af new oileans july 29th 1837 6w2 from the national intelligencer editors correspondence new yens july 22 stocks have not varied the rales of exchange oa europe are about the same specie is not in so great a demand as it was many strangers begin to come into the city to make their purchase for the autumn the globe is turning and twisting and is now 1 see coming out against the metal lic humbng and is for banks 4 bank dem ocrats bank barons and bank robbers tbis s the globe language not mine tammany is heard 1 toidyon but the oth er day that tammany never speaks in vain the rag barons of tammany are after all the roonarchs of lhe united states vir ginia the mother of empires might have spoken lor rnonlhs pennsylvania the key stone state fur years and have spoken n vain bul to mr van buren a hint from the bricks and mortar of tammany is sig nificant when a few men in wall slreet potent in tammany are earnest and when they speak in tammany jupiler omnipo tent was not more powerful when he shook his ambrosial locks new york humbugs but never permits hersell to be humbugged massachusetts never humbugs or is hum bugged virginia never humbugs but is humbugged pennsylvania humbugs and is humbugged these are characteristics of leading states which mr van buren well understands mbr j r ouj m g dentist informs the public that he will be at ash ville in about two weeks from this time and at the warm springs bumcombe county shortly thereafter july 29 1837 3w2 my business has become so much ex tended and the amount of arrearages has become 60 great lhat 1 must settle it will b the greatest injustice to require n.e to travel all over the country for this purpose it is to he hoped therefore that those who owe me will save me trouble and expense by remlnii.p ny dues through the post office and that without delay ii c jones may 6 1837 queries the following queries are addressed by the alexandria g.zctle lo lbs washington globe they are we suspect rnueh easier asked than answered towards compelling the right hundred and twenty-three stale banks to resume specie payments not one single thing and this 1 will undertake to piuvj has the idea of establishing a ne-v or gan at the seat of government lhe mad soniau been abandoned has the introduction nf mr sandford of new york into the globe establishment been made to obviate tlie nece___t ot that or a similar publication * auditorial convention ll has never been pretended that the fed eral government has any control over lhe currency of the country than what is con ferred upon it by the power tocoin money and what it may fairly exercsem the receipt st disbursement of its revenue ll cannot pro hibit the states from incorpoiating banks;nor can it impose any restrictions upon the ex tent of their issues its power therefore is a limited power and if a national bank were to be created and wereto be made the depository of the public money all that it could do in the execution of that duty would be precisely what the custom-houses and land offices could do without a bank in remedy no iv it was clearly shown that receipts and payments in specie by tbat process to the extent of thirty millions of dollars per annum would have no more ef fect in restoring specie payments in the mo ney transactions of the community amount ing to tbe annual sum of five thousand mil lions of dollars than receipts and payments in brickbats receipts and payments in a year to the amount of thirty millions of dol lars sound n ears unaccustomed to large j sums as of enormous magnitude and yet there could be named six commercial hcua the time of holding the proposed editorial convention in this city hss n.en changed 1mm the 1st monday in septeu.hpr to wednesday tbe first day of november next thisalteration has been made because of in the inability of sev eral of our brethern to attend in september ow ing to previous indispensable engagements n valuable results can spring from such a meeting nnlesstha whole press of the state be represen ted and the postponement uf it it is hoped will have the effect of securing a genera attendance on pari of those whom it concerns thomas lorlng t.j lemay jos gales &. son rbleigh n c the avistuiguishett horse have not the view3 cf the globe wilhto ihe last two or three weeks on some at •■'• jects been modified is it expected that tae new assistant editor of the globe v...l counteract the natural proclivity of ihat pa per to loco focoism ? a communication in the globe of the 15th instant signed franklin takes this ground the writer says in reference to the amount of payments annually made by the people of the united states in their was it known at washington tbat mr rives mr tallmadge and others were be coming very restive at the course of tho government paper and was it noi found ex pedient to hint this to its conductors pitvate with each other it is a matter which the government of the us ion have no possible concern its pow ers are strictly confined by the constitu tion within certain prescribed limits in what mode the people of the several states may choose todeal with each other — wheth er through the medium of old wigs or any other currency is a concern appertain ing to themselves and tbe slates to which they belong 1 i never knew in the history of all poli tics more important movements than have been going on in the state of new york for three weeks past tbey affect the des tiny of this whole country for years ev ery man should watch the details with the keenest eye thank god ( and 1 wrtle it witb the devotion of my whole 6ou lhe architects of ruin no longer reign satan and his idols are tumbled down a new race new men new times are to spring up the goths may prepare toqu.t tne capital the capitol oe hill is to be trodden by oth er men and tbe way of the criminal is downward over the tarpeian rock if tbe globe relapses into the aims of the albany regency bank party rrill not its future cour.e give great offence lo tho friends of mr benton and mr keod-li if it attempts to steer a middle course st please the bank party and ths no-bank par tv will it not realize the lie of the man between two stool uwharie will be exhibited at statesville on mon day and tuesday of august court next being 31st and 22u days of thai month wm r holt july 29 1837 dwg t this arrangement it is said was adop ted in philadelphia immediately after the suspension of specie payments and if uni versally adopted,woaidtend greatly towards a restoration we should be glad to see these questions answered with iruih -",! sincerity