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Newspaper
Tarboro Press
Location
Tarboro, North Carolina, United States of America
Date
Sep 25, 1841
Page
2
On Saturday September 25 1541 Whigs met before Congress adjournment and adopted an address denouncing President Tyler while demanding a frugal government and no subtreasury or government bank. The banner proclaims the will of the nation over one man and hints at banking reform as a central issue before the next election.
The Maine elections show the Democracy Fair candidate winning the governorship by about 10 000 votes, with both houses of the Legislature adopting large Democratic majorities. In Vermont the reaction favors the Democracy as well, signaling strong support.
On Thursday last ten shares of stock in the Wilmington and Raleigh Rail Road were sold at public auction in this county on a six month credit at fifty five dollars per share.
The Globe catalogs acts passed in the first session of the 27th Congress including appropriations measures a large loan authorization up to twelve million dollars and specific acts for presidential funeral expenses and pensions. Other items revive extend bank charters regulate bankruptcy and treasury procedures and adjust surveys land warrants and revenue collection.
A compilation of acts including grants of pre emption rights for public lands, fortifications, ordnance purchases and shipments, and other expenditures. It references placing the Green ong statue in the Capitol Rotunda, free postage for Mrs. Harrison, Post Office funding, naval ordnance, diplomatic outfits, Potomac bridge repairs, duties and drawbacks, and a repeal of part of the Military Academy support act from 1838.
A set of resolutions concerning light boats at Sandy Hook and Bartleys Reef a plan for distributing seven hundred copies of the Digest of Parents a distribution of printed returns of the sixth census a resolution to purchase domestic hemp for United States use a resolution making the attorney general examine land sites for armories and other public works and buildings and for related purposes
Washington orders to convert the North Carolina to war footing with upper guns changed to Paxham’s and powder on board. Yard orders to expedite the vessel on the stocks and repair those in ordinary per Raleigh Stander.
The Petersburg Statesman notes a report that the State Bank cashier is a defaulter, but asserts Charles Dewey of the State Bank remains trusted. The alleged defaulter is Edward I Wingate, cashier of Cape Fear Branch Bank in the city, with about $10,000 missing and a larger deficit under review. Wingate’s confession and the theft are linked to Cape Fear Bank’s Raleigh operations and reveal Wingate as head cashier with no Wilmington president at the time.
A recent Treasury report states the U S Bank of Pennsylvania owes the Government $59,600. The disclosure highlights a significant outstanding obligation and outlines the amount due as recorded by the Treasury.
The United States Bank directors on the 4th made a general assignment of all assets for creditors. The New York Herald notes the final assignment to creditors, with stockholders unlikely to recover. Currency in circulation fell to 32 percent discount in New York and 35 percent in Philadelphia as large sales occurred. Commentators say the collapse marks the end of a National Bank once wielding national power, with at least $35,000,000 at stake and broad economic disruption from its tenure.
The assignment described as the accumulation of numerous suits against the Bank, including a $50,000 action in the name of the Mayor and Aldermen of Philadelphia to recover bank notes, alongside claims connected to the Girard Trust property.
The Richmond Compiler reports the $20,000 in bank notes stolen from the Danville Branch of the Farmer's Bank were recovered. Teller Joseph Terry has been arrested on strong suspicion and committed for trial after examination. The robbery occurred inside the bank.
Georgia banks face a string of collapses as the Bank of Columbus loses seventy thousand dollars through a late teller and a Rome teller absconds with seventy five thousand. The Western Bank at Rome and the Planters and Mechanics Bank of Columbus close their doors amid the financial turmoil.
A Raleigh Register correspondent reports a tragic shooting accident Saturday near Henderson in Granville County. John Eaton Jr. died instantly after a gun misfired while he tried to reload, leaving a grieving family and a community in shock. The youth was described as bright, beloved, and beyond reproach, and prayers for the bereaved parents rise from witnesses.
A letter from Cincinnati dated September 4 describes a Negro white clash starting with a dispute on the 2nd, escalating to a mob near Five Points that fired on Black residents. Blacks defended with muskets and a six pounder as a military presence ended the violence. Reports vary on casualties, with later accounts noting widespread arrests and bonds for colored residents. Leaders came from Kentucky. Abolitionists faced attacks as presses and properties were broken. The city mobilized the entire force, yet officials showed little inclination to fire on the mob.
Last evening several ringleaders were jailed after arrests. Tonight Kentuckians led a mob that threatened force to free them. A strong guard and military presence prevents insubordination while 250 to 300 black residents, including the sound and maimed, were marched to the jail and held, the crowd dispersed.
Late from Europe reports Liverpool stocks with little price variation for cotton and flour. Parliament opened July 19 with a ministerial confidence vote on the 24 resulting in ministerial resignation and Sir Robert Peel named premier. Trade in Europe described as dull with broad money distress and many failures.
The Tarburu Press advises that a wife should not be judged by wealth looks or beauty but by the length of her tongue. A long tongue is warned against, while a tongue-free or quiet wife is said to bring lasting peace. The note adds a satirical view of bachelors and ends with Washington Market prices for corn meat bacon naval stores and fish.
Elder Parham Puckett is appointed to preach at Red Bank meeting house on Tuesday before the first Sunday in December, at Great Swamp on Thursday, and at Gum Saanp on Friday. John Studier and Stephen Chandler will preach at Fallstar River on the Thursday before the first Sunday in October and at Warhero on Friday. Elier Burwell Temple will preach at Pleasant Hill on Thursday and Friday at Old Town Creek. On Tuesday after the first Sunday in October at Hardaway's, Wednesday at Falls Por River.
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