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Newspaper
Tarboro Press
Location
Tarboro, North Carolina, United States of America
Date
Apr 28, 1838
Page
2
It announces the annual meeting of the Wilmington and Raleigh Rail Road Company will be held on the Monday following next week after an advertisement appears in today’s paper.
A letter to the editor denounces the New York Bank faction plotting secret sessions to extend frauds on the people. It praises South Carolina for avoiding delegates to a Hartford meeting and urges voters to demand elected officials who defend citizens from moneyed power. The document notes a Bank Convention’s adjournment and proposed dates for resumption, plus New York delegates advocating early measures. It critiques a new law enabling twelve month notes as a false path to immediate resumption, arguing the banks push debt payment off for a year.
Governor Marcy sent a message to the New York Legislature proposing to authorize the Canal Fund to issue stock for enlarging the Erie Canal and building the Black River Canal. The funds would be lent to banks resuming specie payments, with six to eight million dollars secured, or other suitable measures. The plan seeks legislative approval and governor’s support.
The Senate of Pennsylvania has advanced a bill through committees of the whole concerning the Banks of Pennsylvania. The measure differs from the prior House version and provides that banks resume specie payments when the General Government accepts their notes for public dues or when major eastern banks in Boston New York and Baltimore resume.
Excerpts from a Raleigh Standard letter dated April 15 in New York note that North Carolina’s credit is superior to other states. The writer observes less activity in New York and that North Carolina money discounts four to five percent, while Virginia’s markets lag.
Two North Carolina merchants offered one per cent for Philadelphia checks in Petersburg but incurred six per cent losses when they arrived. The narrator notes greater distress among the poor in the city than ever before.
In the Senate on the 19th, Wright presented documents from the Charlotte Mint. The Senate set June 4 for adjournment by a 25 to 12 vote. In the House on the 16th, Montgomery warned of a joint resolution to purchase maps. McKay moved to have Naval Affairs study repealing the Navy Board and fixing peacetime ship and crew numbers. Shepard urged the Navy Secretary report on Beaufort Harbor surveys or explain delays.
The Charleston reports from St Augustine say Col Bankhead seized seventy Indians near Key Biscayne. An express mail rider between Camp King and Fort Dade and two men near Newnansville were killed by Indians. Gov Call reportedly killed in West Florida. Gen Scott to command large force in Cherokee Country with 7000 troops, 2000 regulars, and 5000 volunteers from several states. Rutherford County calls for volunteers filled. other Western counties report prompt quotas. Swansborough fire destroys Ferrand store, Saunders & Brother dwelling, loss about 10,000, suspected incendiary. Wilmington Ads.
Late English dates reach New York with news of Bank of England plans to ship one million pounds sterling in specie to Prime Ward and King in New York. The Sheridan and Columbus delivered 200000 pounds, with a total ten million dollars expected to enter before June. The English stock remains buoyant as bullion flows from the continent, and a Hebrew firm reportedly contracts to export two to three million sterling to America to rebalance trade.
Accounts from manufacturing districts are more favorable than scarce housing, while wholesale houses in Liverpool report no complaints. The cotton markets have undergone no material change.
A notice states Rev Wm H Wills will preach at the Old Church in this place on Sunday next 29th inst.
Died in this place on Thursday last aged about four months William Lewis son of Mr N M Verrell Also on Monday last aged a few weeks Dan Know daughter of Mr Thomas Smith obituary notes indicate infant deaths in the community with names and parents listed
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