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Newspaper
Tarboro Press
Location
Tarboro, North Carolina, United States of America
Date
May 26, 1838
Page
2
In an advertisement the Petersburg Rail Road Company announces that travelers can now reach New York from Halifax in about 45 hours. The piece muses that a ten year span could halve that duration to roughly 22 hours, comparing past and future pace of rapid travel.
A public notice promotes a Thursday exhibition featuring a diverse display of paintings and animals, combined with equestrian and gymnastic performances. The ad emphasizes the collection as the most valuable and extensive to date in the region, inviting patrons to view and enjoy the feats.
The Wilmington Advertiser prints a detailed statement of the stockholders proceedings and the report of the able and indefatigable President Gen. Owen. An abstract of the proceedings and the full report will be published in an early issue.
In a second meeting the Sheriffs of the Orange Congressional district Virginia examined the Green county election and found no grounds to withhold the return from Col Banks the Republican candidate. They declared him duly elected by a majority of 13 votes and he has taken his seat in Congress.
Washington correspondent condemns the Opposition in Congress over the Treasury Note bill. Federal Whigs push to embarrass or overthrow Democratic administrators as Mr. Clay rallies for a National Bank. Democrats rally to an Independent Treasury standard and anticipate victory.
Extracted letter from Washington dated May 20 1838 discusses a tight vote on the Treasury Note bill. It blames modern Whigs linked with Nick Biddle British Bank men and abolitionists for opposing notes in favor of a loan. The writer claims the bill passed by a few votes and notes Speaker Deberry’s casting vote to defeat a reconsideration. Mentions New Yorkers resuming activity.
An angry letter denounces the New York Banks for withholding specie and driving Old Nick, urging public opinion to force banks to stop hoarding cash and to redeem debts. It accuses regulators and officials of failing to show security for government specie loans and calls for accountability before August elections. The writer questions previous government disbursements and demands disclosure of security measures and funds usage.
In the Senate on the 21st Mr Clay offered his National Bank plan, met in limine by Mr Buchanan who exposed its flaws. The House on the 16th passed a bill authorizing ten million dollars in Treasury Notes by 106 to 99, a motion to reconsider failed 110 to 109 with the Speaker voting negative. Delegation from this State split yeas and nays amid absences. The Senate passed the bill on the 18th by 27 to 13.
Mr. Wright, chair man of the committee on finance, reported on Mr. Clay's resolution. Debate touched the Motion to print and the paper's character. The proposition was acknowledged to show great ability. Opposition found it ingenious, while friends of the Administ…
A fragment from Globe on Mr Clay opposing a plan to force the Treasury to receive and pay out bank paper, arguing it would transfer political power to banking interests and away from farmers and laborers, likening it to English privilege and monopoly.
The public papers in the South and Southwest reveal a vast banking abuse. Instead of keeping funds to redeem notes, banks place effective funds in Philadelphia or New York and pay noteholders with checks on those funds at a 10 to 30 percent premium. Proceeds of cotton and loans are shipped to Atlantic cities and cashed abroad, allowing banks to profit as brokers by depreciating their own notes. This conduct is described as swindling and a grave moral and legal offense.
The Globe prints a Mississippi letter noting alarming times with stripped plantations, scarce supplies at double New Orleans prices, large court suits, and threats of violence as the Union Bank may aid public debt. Also, North Carolina coin news reports gold coin from Charlotte Mint and a native silver specimen, with hopes for concurrent silver coinage to improve circulation. Raleigh Standard.
The Raleigh and Gaston Rail Road is in full operation to Littleton, Warren county with daily cars to Petersburg. By the fourth of duty, over fifty miles will be completed. Friends of internal improvement hail the rapid progress and bright prospects for North Carolina.
From Florida, the St Augustine Herald notes letters from Newnansville state corn sells for three to four dollars per bushel and bacon brings twenty five cents per pound. The plantation and crops are all aban
Doned, and the Indians have complete possession of the country. This terse note records the consolidation of control, signaling firm occupancy and final transfer of sovereignty without additional context or dates.
The Milledgeville Ga Journal of the 15th notes Cherokee violence within local limits. Dr John Bruster former Surveyor General of Georgia was killed, and his ferryman died earlier at the ferry. Bruster's body bore four ball wounds.
Rutherfordton on May 12 reports two volunteer infantry companies from three local regiments have departed for the Cherokee nation. The Jefferson regiment company left last Wednesday, with Lt. Col. Bynum and staff traveling the following Thursday.
General Scott has asked the Tennessee Governor to raise more volunteer infantry for the Cherokee service. One regiment of ten companies and one battalion of five were ordered to rendezvous at Calhoun on the tenth of last month.
In Philadelphia on the 17th, a large abolitionist gathering at Pennsylvania Hall provoked mob violence. The building, recently erected at $50,000, was attacked and burned, with no other structures harmed. About 3000 attendees, white and black, heard figures like Garrison and Miss Mott. The unrest centered on color integration in Chesnut Street during fashionable promenading.
Amecs from Liverpool notes the cotton markets fluctuating with a downward tendency as of April 24. No political news is included.
Market notes show cotton trading at 84 to 94 cents with floor price 7 to 750. Corn wholesale around 350 to 375. Bacon noted as up ground with 11 to 114 ets. Jat appears as a fragmented item in the report.
Norfolk market summary shows Corton at 94 cents, Corn at 75 cents, Lard steady in a dull range between 9 and 9 1/2 cents. No other commodities or notable changes reported.
Washington Market items quoted with Turpen tine at $2.25 and $1.50 for Queensland, Scrape 65 cents, Tar $1.25, Whig records noting price listings for the day.
In Randolph County Jacob Vettle aged about 62 died after a lingering illness. In nearby Randolph county John Elliot of Samuel died suddenly after rising from bed, reportedly in usual health and fell dead instantly after making remarks to his wife about getting up.
Proposes a visit by Managerie and Crew UNITED led by JOSEPH E J tomy, presenting a grand menagerie and circus company. Promises skilled equestrian and gymnastic performances with living animals under a large pavilion for public entertainment and approval from all borough residents.
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