Bank reform debate favors local banks over national system
Discussion argues for improving and using local banks with enough capital to supply notes, preferring remodelling local banks into a Bank of the United States only if charter renewals avoid political convulsions. Warns a national bank could become an oppression engine and threaten liberties, noting regional differences in bank practices and the political risks of concentrated control.
MENTIONED IN THIS ARTICLE
United States
Bank of the
Banking capital and credit in North Carolina argues for growth
The author argues North Carolina needs more banking capital to expand development, noting state stock and bank capital limits, profit shares, and a 12 percent penalty for refusing specie. Banks have yielded the state $253,200 in four years while other tax receipts total $304,368, illustrating bank value and suggesting broader credit access would reduce usury and support merchants and industry.
MENTIONED IN THIS ARTICLE
North Carolina
Tom
Sam
New York
Governor Dudley’s message discussed by paper readers
The paper publishes a pamphlet copy of Governor Dudley’s lengthy message via Gen. L. D. Wilson. It rebuts Gen. Jackson and Van Buren on banks and business shocks, favors bank expansion, and hints at national debt assumption as Republican Whig policy. Further commentary promised next issue.
MENTIONED IN THIS ARTICLE
L. D. Wilson
Dudley
Gen. Jackson
Mr. van Buren
U.S. Bank
Harrison
Congress
North Carolina Counties Vote Harrison Electors Lead
A fragment reports Harrison electors statewide with 46 376 votes and Van Buren 33 782, giving Harrison a majority of 12 594 across counties except Lenoir, per the Executive Department tally.
MENTIONED IN THIS ARTICLE
Ceived
Executive Department
North Carolina
Lenoir
Harrison
van Buren
Late European market news from Liverpool and London
Reports from Liverpool and London late at sea indicate a modestly easier money market and rising funds. Cotton demand grows and American descriptions rise. Bank of England secured a million credit in Hamburg. American securities trade is light with little quotation change. Prices: Bank at about 13 10 to 14. Petersburg notes cotton slackens with prime around 90 cents and lower grades down to near cents.
MENTIONED IN THIS ARTICLE
Europe
Caledonia
Boston
Liverpool
London
Bank of England
Hamburg
Petersburg
Statesman
Market Prices Report from Washington Market
Washington Market listing for November 25 shows corn wholesale at 2 dollars per 32 pounds, bacon sides 9 to 10 cents, hams 12 cents, naval stores with new dip at 190 and old at 3150, scrape at 75 cents, tar at 1 dollar 15 cents, shad fish at 59 cents, herrings with cult at 400 dollars and whole at 250 to 33 dollars.
MENTIONED IN THIS ARTICLE
Washington
The Legislature and U S Senate Elections
The Legislature has done little beyond routine business as resignations from Brown and Strange were sent in and accepted. William A. Graham and Willie P. Mangum were elected U S Senators, with Mangum to serve six years from March, and Graham to fill the remainder of Strange’s term. Secretaries and solicitors were chosen, reflecting the political climate. The Raleigh Star notes the office-hunting in the Republican Whig ranks and critiques party proscription, while reporting electoral returns and ongoing public notices.
MENTIONED IN THIS ARTICLE
Messrs. Brown
Strange
United States
Willie P. Mangum
Orange
William A. Graham
House of Commons
Congress of the
Brown
Mangom
Graham
Wim. Hill
Hamilton C. Jones
6Th Judicial Circuit
Raleigh Star
Treasury
Z. B. Wheeler
Senate
North Carolina
Also Mentioned on This Page
Ptarborovee
Jane
Wim. J. Andrews
THE
Legislature
Egypt
Viomas P. Mathews
Grant
Nicholson
Votice
Ometim
Lst
Tarborough
Wool
Hunt
John IW. Pope
Stolen Taylor
John Bodoyner
James W. Taylor
Bellamy James J Philips
Henry Bryan
Redmun Bunn
Harrod Pittman
Redman Bann
Sail Estate
Redman Bunn
Turner & Hughes
Raleigh
Nashville x Co
Ora
Isaac Sessums
Felt
C. Hibiard
Tigy Ol Hey Ranger
Ama Redman
Bonn
Lawrence Utile
Sorry
Sally
Johns Arrington
Nashville
Jep Gy
HO Wills
Swift Creek
Halifax
Guardston
Sipps Creek
Tno Lewis
Drake
N.C
Wlon Ase
County Court of
Morin
John Long
Hamilton
Mary Ann C. Long
Hope
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