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riosity; for in a country cabin, whenever the dogs || Castle reagi was still there on the 30th of that begin " for till bark,” every one in the house runs month.—Tle ed army which lias occupied out as soon as possible--as any one may know who France for three years past was withdrawing. has been present at such occurrences. That the Several regiments of the British portion of that poet has been true to nature on this occasion, may army had arrived in England. be seen by the continuation of the story; for even the old lady, who might have been lame, ran out

History of Congress.---The proceedings of Conin such a hurry, that she caught poor Paddy “just gress for the week past have not been of a cha

racter to excite much general interest. The Hokissing young Molly M'Gee.” And here, mark again the old lady's vein of ridicule of this treach Pidays being over, the public may expect the 13

tional legislature to proceed in affairs with more erous lover"W'ho but our red-whiskered spark!" As much as to say, who but he ! who but my faithless it must be supposed that, within the last month,

assiduity—at least as to general subjects; although, gentleman! “Red.whiskered” seems to have been thrown in to fix odium on that colored hair; which, I great progress has been made in the preparalory however, it is to be supposed, was more poor Pad" || stages of business: This is commonly effccted by dy's misfortune than his fault; for it is not to be particular committees, and is not so obvious to conceived that he dealt in the “Tyrian dye,” or

the public eye as the topics which bring on

There was no busi. the “ Macassar or Russian Oils,” to produce that debate and long speeches.

ness transacted in either flouse on Thursday last, or any other color. From ridicule the mother of the forsaken daugh- | late a Representative from North Carolina. The

in consequence of the death of Mr. Mouronn, ter breaks out into fierce and sudden anger, following is the order of procession adopted for And here again the poet is very happy. Instead of saying “Bad luck to ye !” or “ go to the De- the interment of this lainented gentlemaa. He

was buried in due form yesterday, in the manner vil!” she exclaims “ Devil fire ye .!” thus invoking the very father of all sin and wickedness to burn | prescribed by the order. poor Paddy. Other dames would, perhaps, have | For the Funeral of the Honorable George Muaford, simply and whimperingly reproached the faithless

deceased, a Representative of the United States, creature, or have gone off with secret and pining from the State of North Carolina. grief: But such was not the case with our old la

The Committee of Arrangements will attend at

the late residence of the deceased, at 9 o'clock, dy. She knew better how and where to touch

A. M this day, at which time the Corpse will be Paddy's sensibility; so she thwacked the rolling pin || removed to Congress Hall, in charge of the Coma, over his noddle; and not only the revenge, but the mittee, attended by the Sergeant-at-Arms of the method of it was appropriate, it having been a

House of Representatives.

The members of the Senate and the members thwack-which is a short, quick, hard blow, suited, || of the House of Representatives, are requested to no doubt, to the thickness of Paddy's noddle assemble at Congress Hall, in their respective Pat's confusion is admirably hit off. He “put Chambers, at 10 o'clock, A. M. this day. his hands to his haffits,” &c. thereby showing his I will remove from the Hall, to the City Burying

At half past 10 o'clock, precisely, the funeral consciousness of guilt. How the affair terminated place, in the following order: we have not been told; but as Molly M'Gee ar- The Chaplains of Congress. gued in favor of herself both sprightliness and

Physicians who attended the deceased.

PALL BEARERS. youth, there is reason to believe that Paddy re. mained faithful to her. If he did, he is not the MR. STRONG,

MR. UPHAM, first “gay deceiver” who has abandoned an old


Ma. Wilson, Mas sweetheart for a young one. Of all the ditties


MR. PLEASAXTS. concerning “ love and murder,” since that famous

The Senators and Representatives from the one of “ Willy was a loyal lovyer,” this is certain State of North Carolina, as mourners. ly the most touching.

The Sergeant-at-Arms, of the House of Representatives.

The members of the House of Representatives, EDITOR'S CABINET.

preceded by their Speaker and Clerk.
CITY ";}

The Sergeant-at Arnis of the Senate.
January 2, 1819.

The Senators, preceded by their President and
Foreign News --There has been an arrival at Secretary.
Boston, which brings foreign intelligence from

The President of the United States.

The Heads of Departments. London to the 1st of November last. The con

Foreign Ministers. ferences at Aix-la-Chapelle, so far as the sove. Citizens and Strangers. reigns were concerned, had terminated.

'The [The members of Congress have agreed to emperor of Russia and the King of Prussia lef Wear inourning, for the usual term of thirty day that place on the 20th of October for Paris. Lord! from respect to the memory of the deceased.]





· Bank of the United States.--We pulish to-day therefire settled: but the qnestion is, will Cone
some documents relative to the concerns of this gress sanction the continuance of a monied Establish-
institution; one of thein a letter from I'm. Jones, ment which has confesseilly violuted its act of Incor-
esq. the President. This latter document is poration? This is so close a question of BerEPIT
ample confession of the face of a violides charter, to the parties directly concerned, that every Re-
combined with a labored apology for that viola- || presentative and Senat:r who has any share in the
tion, We confess that we did not think Mr. Bank, or loans obtained upon it on irregular con-
Jones and the board of directors would have been ditions, ought to avoid committing himse:]f 10
80 frank. We should in fer from the feebleness of the temptation.
the apology that it will not be accepted. In. The men who have speculated on Bank Stock,
deed, how can it be ac cepted? Nothing, we con

and who, had they succeeded, by keeping it up ceive, can be regarded as saving a charter, which to a high fictitious value above par, would have re. is-not only violateil m its form but in its spirit alized princely fortunes, ought to be made to suf. To establish the bank, a certain amount of specie fer It has been their crime that has, in a great was to be paid in on the subscriptions to the degree, brought upon society the accumulated stock Allow that the bank began legally to and accumulating evils of a depreciated paper curoperate before the whole amo:int of specie was rency. They have maile society suffer: let soci. paid up, it should have taken care nut to have ety, through its representatives, do justice on issued notes on that part of its capital so as to ad- them. Let not the Congress, by any act wbatmit of instalments being paid up in specie drawn


bolster the fortunes of men who are ac. from itself upon the return of those notes. Thai tually insolvent, and who only wait for the nashews distinctly bad management at least. Besides, tional legislature to come to their aid, to save what sort of a direction must it be not to be able them from sinking. There are known to be mato guard against such a trick? We had not ny such, who, in the pride of expected millions, intended to make any further remarks on this towered, in scorn, over the heads of the commu. subject until we had seen and read the report of nity. Let them be left to their fate; and be made the committee of inquiry: but an argument set tip

to feel some of the evils they have fraudulently at Baltimore induces us to deviate a little from this produced. intention. The Baltimore argument, in sub- We wait, with some impatience, for the report stance, is this: that the largest stock!llers, even

of the committee. The members of it have reif they had nut paid up for all their shares, were turned to the city; and a majority of them, we entitled to the greatest indulgences, in the way have been informer, are still engaged in relation of loans. This is evidently an untenable posi- to the object for which they were appointed. It tion: first, because a Bak which issues notes is usual, on such occasions, to express what is that circulate as money, is not, to the detriment of | called “confidence” in gentlemen employed in the public, to be managed so as to place the great affairs of this sort. In the investigations of great est portion of its funds, either in the shape of public subjects, however, “confiilence" is a word loans or otherwise, into the hands of men who which we do not admit into our vocabulary. The are unable to pay up, in a proper manner, their gentlemen appointed on the committee are, indebts to the institution; and that would be to | vleed, respectable and intelligent: but their report injure the public at large, by rendering it indis. will be fairly open to criticism; and they must expensable, suddenly, to withdraw from circulation a pect just so much respect to be paid to it, and so large amount of specie and notes which passed as much “confidence” to be placed in it, as it disa specie. It would be, moreover, an improper fa. I plays of clearness in the statement of its facts, orvor to speculators, by making excessive loans to ler and precision in its reasoning, and soundnessthem, and refusing, in the proportion of the excess, of logic in its conclusions. to loan to honest traders really able to pay In the Every man in the Union is, more or less, intenext place, such partial inclulgences would be rested in the determination of Congress touching dishonest with regard to the solvent and able the Bank. If it is suffered to go on as it has done stockholders, by lessening the dividends of inte. for the last six months, there will be no security rest on the funds they had invested in the Bink that the same evils will not continue to recur at

When the topic cumes before Congress, we future periods. One of three things will inevita. trust that every member, like Mr. Birax, of|biy happen: 1. The vices of this Institution North Carolina, interested in the Bank, will de- e corrected: 2, or, The State Banks, or greater cline either speaking or voting on the subject; for part of them, must be put down: 3. Or, The Peoit is to be observed, that the true question to be set. Il ple of the United States will continue to be the tled is, not whether the institution has violated its victims of sham-bankers, stockjobbers, shavers, charter: that point has been confessed; and is " and exchange-brokers.


No. 2.)

[.ol. VII Printed and Published, every Saturday, by Lawrence, Milson, & Co. at five dollars per annum.

quired property, if he has any; and if he has not, Contents of this No. of the National Register.

he must borrow again. ORIGINAL.-Thoughts on the Effects of Banking, 17- A trader in brisk business may turn the penny

Editor's Cabinet - Various items,32--History of Congress, 32.
SELECTED.- Treaty between the Univd'states and Swe- | quick enough to make the eight per centum in-

burç, 24-Mail Roblars, 25—Robbery of the Mail, 25– terest, and something more, so as to reap a profit
Singular punishment for Counterfeiting, 28-- Miscellany from the use of borrowed money: but it is not
Mr. Ogilvie, 26– Love and Marlness, 26--Trial by Jury and
Liberty of the Press, 26–American Gratitude, 26-50,000 | every pursuit that is so lucrative.
Dollar Prize, 26-A Mammoth Cake, 26 - Female Huma-

We find, nevertheless, that every person, who nity without love, 26-Diamond of good Water, 27 — Indian Jews, 27- Voyages and Discoveries -Baron Hum- can, borrows of the banks: the consequence is, that boldt going to India, 27-Major Gray's Expedition, 27Congress, 21-Directors of the Bank of the United States || siderably above the amount of the bank interest Foreign Affairs-France, 27- Chile, 27– Proceedings of all those whose pursuits do not yield a profit confor 18:9, 32.

get in debt, are embarrassed, and eventually be. YOR TILE XATIONAL REGISTER.

come insolvent. Thoughts on the Effects of Banking. As banking now goes on, it brings into a state The original intention of banking was to heap of mortgage almost all the property of the com. up, or embunk, real money in a particular spot, somunity. Take any city in the Union, and how as to make a fund that might be loaned, upon many houses and lots are there unencumbered good securities, to persons who might require it, with securityship of some sort or another? It is and chiefly to persons in trade.

upon the value of these houses and lots that bank From this original intention there has been a notes principally rest; so that in fact, a great por. wide deviation. By the present process of bank- || tion of the entire rental of the individuals of the ing, institutions of that kind have become mere nation is afloat, as a paper currency, in the shape shops for mortgaging property; upon which pro- of promissory notes. missory notes are issued, as a circulating medium, No man should borrow money who cannot without having, in eight cases out of ten, any || make a profitable use of it. To defray the exother real basis than that property.

penses of one's household with borrowed money, The facility of borrowing begets the habit ofis madness. An individual who lives in that man. borrowing. When banks began to multiply, and ner must soon ruin hi!nself. Yet how many are business was wanting for them, men, u hose inte. there, who could not ride their horses nor keep rest it was not to borrow, were enticed into the their carriages without promising to pay sixty days practice of negotiating loans.

after dale? By the machinery of banking, the borrower, in Men who will trade and live, on borrowed one way or another, pays for every loan at least money, and cannot make more than eight per eight per centuin per annum. Now, it is very || centum, must expect to feel tlie evil of such folobvious, if a man's business will not produce him ly when the Bank curtails them. Suddenly callthis eight per centum, together with an addition. ed upon to pay, they find theinselves unprovided al per centum sufficient to pay his own proper | with cash to meet the demand; and they fall into charges and expenses in life, that a loan is worse the hands of notaries, sherifts, marshals, and at. than useless to him.

torneys, who basten their destruction, according In the first place, he must make eight per cent. to law. How, indeed, should they have money to per annum wherewith to pay the bank interest. pay what they have borrowed, when it is exclu. So far be works for others. In the next place he || sively upon borrowed money that they live? Have must make enough to defray the cost of his ing spent the amount of one loan, instead of rehousehold and the contingent expenses of the turning that, with the interest, to the Bank, they transactions in which the money borrowed is em- are ready to borrow more. in truth, some folks, ployed. So far he will labor for himself.

in dealing with Banks, consider the debt they inIf it should so happen that he makes nothing cur in the same light the British government conmore than eight per centum upon the use of the siders theirs -- the amount of the principal is noborrowed money, he laburs altogether for others thing, in their eyes, so they can discharge the that is, for the bank. If he makes less, he still interest. lahy's wholly for others, and must make up the Individuals, however, are not so much to blame d! rence, between the product of his labor and as the Banks. It is the latter that have held out the eight per centum, out of his previously ac-Winducernents to the indolence of the former, and have tended to render society lazy, speculative, || ed to a spirit of honor; and probity now means and shuffling.

nothing more than to be honest as far as the law It is curious to observe one effect of this per- || will compel you. version of the Banking System. It has created, in The subject is still more interesting when every city and neighborhood, numerous knots of taken in connexion with manners and intellectual drawers and endorses, who, with a set of notes, refinement. Good breeding, urbanity, devotion which run the round of the knot at every discount to the arts and sciences, are growing greatly out day, engross to themselves an undue proportion of fashion: they are now scarcely considered as a of the loans of the Bank. In each of these knots passport to good company. A bank accommodaa director is commonly to be found; and as he tion is a ticket of admission almost every where, knows what paper is thrown out of Bank, and per- and a bank-directorship covers all sorts of igno. haps helps to throw it out by his negative, herance. Whither are we travelling? In the Rogives notice to the other members of the knot, man school the road to Honor lay through the who stand ready to shave it. Thus, view them as | Temple of Virtue; but in our days, he who can you will, the Banks, at this time, are the source for raise the wind" to the highest amount in the of a fraudulent avarice and a rapidly accumulat. Banking Line, reaches the place of honor by the ing pauperism. A spirit of sharping has succeed.''most direct path.

By the President of the United States.

A PROCLAMATION. Wrereas a Treaty between the United States and Sweden, made and concluded at Stockholm, on the fourth day of September, in the year one thousand eight hundred and sixteen, by Jonathan Russell, Minister Plenipotentiary of the United States, on the part of the United States, and the Count d'Engerstrom, Minister of State for foreign affairs, and the Count Adolphe George de Morner, Counsellor of State, fully authorized and empowered by their respective governments, was duly ratified on the twenty-seventh day of May last, by and with the advice and consent of the Senate, on the part of the United States, with the exception of the third, fourth, and sixth articles, and by the King of Sweden, on the twenty-fourth day of July last past, with the exception of the three articles referred to; and the ratifications of the two governments, as aforesaid, have been duly exchanged at Stockholin, by the Plenipotentiaries of the United States and Sweden on the part of their respective governments, which treaty is in the words and figures following, to wit: ORIGINAL

TRANSLATIOX. Au nom de tres Sainte et indivisible Trinite. In the name of the most Holy and Indivisible Trinity. Les Etats Unis d'Amerique et sa Majeste le The United States of America and his Majesty Roi de suede et de Norvege, egalement animes the King of Sweden and Norway, equally anidu desir sincere de maintenir et consolider les mated with a sincere desire to maintain and conrelations d'amitie et de commerce qui ont sub- firm the relations of friendship and commerce siste jusqu'ici entre les deux Etats, et etant con- which have hitherto subsisted between the two vaincus qu'on ne saurait mieux remplir cet objet States, and being convinced that this object canqu'en etablissant reciproquement le commerce en- not be more effectually accomplished than by es. tre les deux Etals, sur la base solide de principes tablishing, reciprocally, the commerce between liberaux et equitables, egalement advantageux the two States, upon the firm basis of liberal and aux deux Pays, ont nomme pour cet effet des equitable principles, equally advantageous to both Plenipotentiaires et les ont munis des pouvoirs countries, have named, to this end, Plenipotenti. necessaires pour traiter et conclure, en leur nom, aries, and have furnished them with the necessary savoir: le President des E. U. Monsieur Jonathan full powers to treat, and, in their name, to conRussell, citoyen des dits Etats Unis, et actuelle. clude a treaty, to wit: 'The President of the ment leur Ministre Plenipotentiaire a la Cour de United States, Jonathan Russell, a citizen of the Stockholm, et Sa Majeste le koi de Suede et de said United States, and now their Minister PleniNorvege, Son Excellence Monsieur le compte potentiary at the Court of Stockholm; and his MaLaurent d'Engerstrom, Son Ministre d'Etat pour jesty, the King of Sweden and Norway, his excel. les affaires etrangeres, Chancelier de l'Universite lency the Count Laurent d'Engerstrom, his Minisde Lund, Chevalier Commandeur des ordres du ter of State for foreign affairs, Chancellor of the Roi, Chevalier de l'ordre du Roi Charles 13, University of Lund, Knight Commander of the Grand Croix des ordres de St. Etienne de Hon- Order of the King, Knight of the Order of Charles grie, de la Legion d'Honneur de France, de l'Aigle XIII, Grand Cross of the Orders of St. Etienne, Noir et de l'Aigle Ronge de Prusse, et Munsieur (Stephen) of Hungary, of the Legion of Monor of le Compte Adolphe George de Morner, Son Con l'rance, of the Black Eagle and of the Red Eagle seiller d'Etat et Commandeur de l'ordre de l'Etoile of Prussia, and the Count Adolphe George de Polaire ; lesquels Plenipotentiaires, apres avoir Morner, his Counsellor of State and Commander produit et echanges leur plein pouvoirs, trouves of the Order of the Polar Star: and the said Ple. en bonne et due forme, sont convenus des arti. nipotentiaries, after having produced and excles suivans :

changed their full powers, found in good and due

form, have agreed on the following articles: Il y aura liberte reciproque de commerce entre There shall be between all the territories under tous les pays de la domination des Etats Unis the dominion of the United States of America, d'Amerique et de Sa Majeste le Roi de Suede et and of his Majesty, the King of Sweden and Nor





de Norvege. Les habitans de l'un des deux pays way, a reciprocal liberty of commerce. The in. pourront avec toute surete, pour leur personnes, habitants of either of the two countries shall have vaisseaux et cargaisons, aborder librement dans liberty, with all security for their persons, vessels les ports, places et rivieres, du territorie de l'autre, and cargoes, to come freely to all ports, places and partout ou l'entree est permise aux vaisseaux des rivers, within the territories of the other, into nations les plus favorisees. Ils pourront s'y are which the vessels of the most favored nations are reter et resider dans quelque partie que ce soit permitted to enter. They can there remain and des dits territoires ; ils pourront y louer et occu- reside in any part whatsoever of the said territoper des maisons et des magazins pour leur com- ries; they can there hire and occupy houses and merce, et generalement les negocians ou trafić warehouses for their commerce; and, generally, quans de chacune des deux nations jouiront chez the merchants and traders of each of the two nal'autre de la plus entiere securite et protection tions, shall enjoy in the other the most complete pour les aitaires de leur negoce, etant sculement security and protection for the transaction of their tenus a se conformer aux loix et ordonnances des business, being bound, alone, to confonn to the deux pays respectifs.

laws and statutes of the two countries, respective

ly. Il ne sera point impose de plus forts au autres No other or higher duties, imposts, or charges, droits, impots, au charges, quelconques, sur l'im- whatsoever, shall be imposed on the importation portation dans les Etats Unis des productions du into the territories of His Majesty, the King of sol ou des manufactures des Etats de Sa Majeste Sweden and Norway, of the produce or manufacle Roi de Suede et de Norvege, ni sur l'importa- tures of the United States, nor on the importation tion dans les Etats de Sa Majeste le Roi de Suede into the United States of the produce or manuet de Norvege des productions du sol ou des ma- factures of the territories of Ilis Majesty, the King nufactures des Etats Unis, que ceux auquels se- of Sweden and Norway, than those to which the raient assujettis les memes articles dans chacun same articles would be subjected in each of the des deux pays respectifs, si ces denrees etaient le two countries, respectively, if these articles were produit du sol ou des manufactures de tout autre the growth, produce, or manufacture, of any other pays. Le meme principe sera aussi observe pour country. The same principle shall likewise be. l'exportation, en sorte que dans chacun des deux observed, in respect to exportation, in such man. pays respectifs, les articles que seront exportes per that in each of the two countries, respectivepour l'autre ne pourront etre charges d'aucun ly, the articles which shall be exported for the droit, impot, ou charge quelconque, plus fort ou other, cannot be charged with any duty, impost, autre que ceux auxquels seraient assujettis les or charge, whatsoever, higher or other iban those muines articles, s'ils etaient exportes pour tout to winch the same articles would be subjected if autre pays quelconque.

they were exported to any other country whatli ne sera non plus impose aucune prohibi. ever. tion, ni sur la exportation ni sur l'importation, Nor shall any prohibition be imposed on the d'aucun article provenant du sol ou des manufac. exportation or importation of any article, the tures des Etats Unis ou des pays de Sa Majeste le growth, produce, or manufacture, of the territoRoi de Suede et de Norvege, dans ou bors les ries of His Majesty, the King of Sweden and Nordiis Etats Unis, et dans ou hors les dits pays de way, or of the United States, to or from the said Sa Majeste le Roi de Suede et de Norvege, que territories of His Majesty, the King of Sweden ne s'entende egalement a toutes les autre nations. and Norway, or to or from the said United States,

Les vaisseaux des Etats)Unis de Amerique arri. which shall not equally extend to all other na. sant sur leur lest ou importent dans les Etats de tions, Sa Majeste le Roi de Suede et Norvege des pro- Swedish or Norwegian vessels arriving in bala duits du sol ou de l'industrie de leur pays, ou ex- Jast, or importing into the United States the pro. portent des Etats de Sa Majeste Suedoise et Norve. duce or manufactures of said States, shall not be gienne les produits du sol ou de l'industrie na- obliged to pay, either for the vessels or the cartionale des dits Etats, ne seront tenus a payer, ni goes, any other or higher duties, inposts, or pour les vaisseaux ni pour les cargaisons aucuns charges, whatsoever, than those which the vessels droits, impots ou charges quelconques, plus forts of the United States would pay in the same cir. ou autres que ceux que payeraient dans le meme cumstances; and, vice versa, the vessels of the cas les vaisseaux des Etats de Sa Majeste le Roi United States, arriving in ballast, or importing inde Suede et de Norvege ; et vice versa, les vais- to the territories, under the dominion of His Maseaux des Etats de Sa Majeste le Roi de Suede et jesty the King of Sweden and Norway, the prode Norvege qui arrivent sur leur lest ou qui im- duce or manufactures of the United States, or es. portent dans les Etats Unis de l'Amerique des pro porting from the territories under the dominion of ductions du sol ou de l'industrie nationale de la his Majesty the King of Sweden and Norway, the Suede et de la Norvege, ou qui exportent des E. produce or manufactures of these territories, tats Unis des produits du sol ou de l'industrie de shall not pay, either for the vessels or the carces pays, ne payeront, ni pour les vaisseaux ni goes, any other or higher duties, imposts or pour les cargaisons, aucuns droits, impots, ou charges, whatsoever, than those which would be Curges quelconques, autres ou plus forts que paid if these articles were transported by Swedish ceux qui seraient payes şi ces memes denrées or Norwegian vessels, respectively. etaient transportees par des vaisseaux des Etats That which is bere above stipulated, shall also Inis respectivement.

extend to the Swedish colony of St. Bartholomew, Ce que est statue cidessus s'etend aussi a la as well in what relates to the rights and advanta. front Sucrioise de St. Barthelemy, tant par rap- ges which the vessels of the United States shall port au droits et avantages dont les vaisseaux des enjoy in its ports, as in relation to those which Kitais C'nis jouiront dans ces ports, que par rap- the vessels of the colony shall enjoy in the ports part a ceux dont les vaisseaux de la colonie jouir. of the United Slates, provided the owners are in

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