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THE CONSTITUTIONALIST.
JAMES GARDNER, JR.
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——willHl.■■ lIMHII ■ i
BY TELHSRAPII
TO
T H .
[From our Extra of Yesterday .]
ARRIVAL OF THE CAMBRIA.
Fifteen Days Later from Europe.
Great. Recline in price of Breadstuffs —Fall in the
price oj Cotton—Crisis in the English moiled
ovirke. — Dissolution of Parliament—Triumph
o f Free Trade at the Elections — O’ Connell's re
mains cn route to Dublin—Death of Mr. Wal
ter, proprietor of the London Times—Conspi
racy against the Pone at Rom 1 , &c.
SUN OFFICE, NEW YORK, )
Wednesday, August 18th, 7P. M. ) I
The Koval Mail Steamer Cambria was Te- |
legraph off. Boston, thirty-three miles out, at
two o’clock, when she was boarded by the
agent of the New York Sun, and the following
despatch received.
Liverpool, August 4, 1817.
Corn Market. —Best Western Canal from 275,
to 275. 6d per bbl. ; Philadelpha and Balti
more, warranted sweet, 26*. to 265, 6d. ; sour.
21s. to 235.; Richmond and Alexandria 25 j
shillings; N. Orleans and Ohio 23 shilling to 1
25 shillings; XT. S. wheat white and mix
ed ~h to 9 shillings per 70 pounds : Red 7s.
6d.; Oats per 45 pounds 3s. to 3s. 4d. ; Barley
per 60lbs. 4s. to -ss. : Rye per 480 lbs. 30 to 345.;
Peas per 301 lbs. 80s to 405.; Indian Corn
sound 2Gs. to 30s. per qr,, unsound and heat
20s. to 245. ; Indian Corn meal 14s. per bbl. |
Some parcels of Indian corn which had been
slightly heated hut restored, were yesterday
sold by auction at 255. per qr. Some Western
Canal flour at 21s. 6d. to 23s fid. per bbl., but
the transactions were generally unimportant.
The above is the result of yesterday’s market
utld shows a serious decline in the value of
bread-stuffs, a panic has decidedly taken place,
accelerated by the gradual downward tendency
of the late London Markets, the highly, fa
vorable state of the home crops and the stiff
ness Os the Vnoney market. In the London
corn market on Monday, a reduction on Wheat
of Bs. to 10s. per quarter took place. We
have no quotations to give of yesterday’s
transaction*.
Co«o*t-r-Faiv Upland 7i per lb.; Mobile mid
dling G 1-2 to 6 7-8 per lb.; good fair; 7 3-8
per lb.; fine, 7 3-4 to Bd. ; Alabama, and Ten
nessee, middling, 6 3-8 to 6| ; New Orleans,
middling, 64 to 7d. ; good fine, 74 to Bd. ; fine
84 to 9d. ; bowed Georgia, middling, G 3-8 to
«|d. ; good fine, 7f to 7 hA, fiuo, 7| ; Sea Is
land, middbng, 10 to 13d. ;good fair, 15 to
17 ; fine 20 to 2od.
The transactions for the last three days,
ending yesterday evening, were about 18,-500
bales, 6,009 of which were for speculation and
exporters. The stock in port is estimated at
410,040 hales against 760,000 bales at the
same period last season.
The market had been languid for 10 days
preceding the arrival of the steamer of the
15th ult., with a decline of Is. 8d per pound
but since then the market has ac paired more
firmaess, ail the decline has been partially
recovered.
The sales for the week ending 23d ult. were
25,5000 bales, of which 2000 wqre taken for
speculation, and 2500 for export. Those or
the week ending 30th ult. were 18,130 bales,
of -which 2700 were for speculation, and 1000
far export.
Provisions—Beef, prime mess per tierce of
’304 lbs, new 88s to 935, stall ordinary 84 to 87s;
stall mess per bbl 200 lbs 50 to 58s, ordinary
40 to 50s. Pork, prime mess new per bbl. 70
to 704; old 60 to 70.; mess 65 to 84s: prime 54
to 60s; bacon and smoked red old 40 to 655;
long middles free from bone, 52 to 655; rib in
50 to 625. short 545. to 655.; rib in 50s. to 625.
shoulders 30s, to 375.; hams, smoked, or dried
in canvass, oer 100 lbs. 40s. to 505.; casks, in
salt, 47 shillings to 52 shillings; Cheese, fine
50 to 575. per cwt; middling; 45 to 485.; ordi
nary 40 to 4 is. Lard, fine leaf in kegs 50 to
62s per cwt; barrels 47 to 505.: ordinary to mid
dling 42 to 455. Tongues, ox in pickle 18 to 20s
per dozen; pigs 34 to 40s per cw t.
Metals.—U. S. Lead, pig, in bond, per ton,
£l6 to £l7. Iron. British bar, per ton, £9 ss;
rods £lO ss; boons £ll ss. to £ll 10s; shots
£ll 10s. to £ll 15s; cargo in Wales, bars, £8
10s to 12s. fid.; Scotch pig £4; on the Clyde,
£3 10s. Tin Plates, S. C. best charcoal, 80s
6d. to 365. 6d box.
Miscelsanroijs.—Tallow, per ton, 45 to £49;
Oils, lard, per ton, 38 to £42; sperm, duty paid,
85 to £B7; whale. 26 to 28; linseed, cake, 6 to
£9 ton. Rosin, American best and yellow,
2s 6d to 7s 6d per cwt. Turpentine, rough,
duty free, per cwt. 6s to 8s; Spirit; 34s 6d to
35s fid. Tar per bbl. I4s to 16. Pitch, 2s 9d to
3s 6d. Tobacco, Virginia leaf, faded, 2d per lb
in bond; middling, 4d; fineod; stemmed, sound,
6d; Kentucky, stemmed, sd; manufactured, od
to 9d. Rice, Carolina, dressed, first quality,
21 to 23; second quality, 20 to 21s 6d. Hemp,
dew rotted, 28 to £sl; hackled, 30 to 34.
COMMERCIAL AND FINANCIAL.
A painful sensation has taken place in the
money market since the departure of the last
steamer and which in a greater or less degree
has affected every branch of trade and manu
facturers. For some day's the funds have been
in a very unsettled state though speculation
has not gone to the extent which it was ap
prehended it would.
In the course of the day the Bank of England
auounced an increased scale of discounts, which
caused an immediate fall of 1-2 per cent. At
U-ip dose ofhusimjss there was no rally.
The last money price was 88 1-4 to 3 8; but
for account they opened at 89 to 1-8, from
which they receded to 88 5-8. Bank Stock
left off at 198 1-2 to 198; there was no material
change yesterday.
The financial condition of the country may
be said to be in a state of the most painful un
easiness.
The Manchester business has, for the last
few'days, been of a very Emitted character and
if the monetary embarrassment continues in
creasing, distress will be the invitable conse
quence.
Although the funds were in a state of unusual
fluctuation last week, they have this week
opened with greater flrmnesijbut how long that
positron will be maintained it is hard to pre
dict.
The price of consols on Monday opened at
S 8 5-8 to 3-4 for money from which it advanced
' to 88 3-4 to 7-3, in consequence of the fall in
the com market.
Parliament has been dissolved, and the new j
elections are proceeding vigorously-—So far as
the returns have been made, they' show a com
plete triumph for the free trade principle.
Lord John Russell who will form a new ca
binet,has been elected for the City of London.
The prospects of the harvest still continue un
exceptionably encouraging and every where
promise a most abundant yield.
The potato, notwithstanding all that lifts
been said about the re-appearance of the dis
. ease of last year, is affected, but to a very in
i' significant-extent. Reports from Ireland are
equally glowing.
Famine and disease are rapidly vanishing in
Ireland, but a strong monarch's. outrage still
continues rife.
Several heavy failures have occurred in the
: corn trade; and many others of serious char
' aeter are apprehended.
The accessions of the prelacy, priesthood
■ and gentry of the country to the old Ireland
party arc large, and the contribution daily in
creases. It is expected that a large proportion
of respealers will be returned to the Imperial
1 Parliament this election.
The remains of Mr. O’Connell were embark
j cd at Birkenhead, for Dublin, on Sunday',
where they arrived the following day.
A formidable conspiracy of the most diaboli-
cal character, has been detected at Rome.
The object of the conspirators, who amount
ed to several hundred in number, was to mas
sacre the citizens, and remove the Pope to
Naples by force. Five cardinals, with exalted
civil and military officers, were discovered to,
have been abettors.
. A distinguished amateur performance for
the benefit of that child of genius Leigh Hunt,
was given in Liverpool on Wednesday last.—
I The principal characters wore borne by Charles
Dickens, Douglass Jcrrold, Lurk, Lemon,
i Cruikshank and Leitch.
The Sanderabani or Catholic league have
armed themselves, but arc likely to be sup
! pressed.
Mr. Walters, the celebrated proprietor of
the London Times, died last week. lie was
justly considered the wall of the steam press.
The Wesleyan Conference commeced their
; sittings at Liverpool on Wednesday last. The
Rev. Samuel Jackson was elected President.
Popular feeling has become more tranquil
in France. The King was well received by
1 the people upon the celebration of the glorious
| three days.
The Chamber of Deputies is about to be
, dissolved.
Several sanguinary battles have been fought
between the Russians and Circassians, the for
merbeing defeated with considerable loss.
Switzerland is threatened with a revolution.
Arrived at Liverpool, July, 28, Royal mail
; steamer Caledonia. 20th, Chaos, Wilson.—
| 21st, Garrick, Crask. 22d, Glenmore, Clark;
Sardinia, Crocker, 29th Montezuma, Lowber.
FURTHER EXTRACTS.
With regard to the leading staples of our
markets the European Times has the following:
Since our publication of the 20th ultimo,
general attention being observed in preparing
f>r the elections now in progress, commercial
: -a-Lairs have riot occupied exclusive attention.
The pressure for money has also operated to
check anything like speculative business. —
i The hopes of a good harvest having, however,
j ripened into certainty', we trust that the pre
| sent inconvenience will be removed, and com
; moree return into its ordinary channels.
! The uninterrupted fineness of the weather
j during the last fortnight still holds out theas
! suraoioc that our harvest of grain will be a full
| average onet From all quarters of Europe
there is also a general concurrent opinion that
the yield will be abundant in the chief grain
producing spots. On the 19th May the price
| of best American Flour in Liverpool was 43k.
to 49. Yesterday a considerable sale took
place of the same description of flour at 275. to
275. 6di The highest market price of best
j wheat at Mark-lane on Monday the 2d, when
a further reduction again took place of from
I Bs. to 10s. per quarter below the currency of
the previous Monday, was 70s. per quarter.- —
Considerable supplies were brought to mar
ket, and sales were with the greatest difficul
ty effected. The quality of the new corn ex
: habited, “rubbed out,” was excellent.
We regret to state that some failures have
taken place in thg corn trade, and the rumors
. which h ive reached us respecting the credit of
; some of the London dealers are very unsatis
factory. We arc of opinion that, however
abundant the harvest may prove, the stocks in
Europe being so exhausted, and the decreased
supply of potatoes, whether arising from a
j diminished cultivation or from their deteriorat
ed quality, requiring a large importation* to
! make up the deficiency, that prices of grain
will, towards the close of the year, after inevi
table fluctuations, still be maintained at a fur
ther cost of production. At this moment,
however, the market is in a state of great de
pression. The harvest is n ab ly over in France,
and ha; com nenced in some of the southern
counties of England. With regard to the po
ta oc crop, altho igh it miy be admi tel that
partial failures may have taken place, we still
i entertain the opinion that in general through
out England and Lcland the crop has not suf
fered.
The cotton market has been steady' since
the sailing of the Hibernia, and although pri
ces in the early' part of the fortnight g ive way'
about l-Bd. per lb., this decline has been par
| tially recovered since the arrival of the Cale
donia on the 28th. ult. The improvement just
j noted has boon caused chiefly by the reports
which have been brought over by the Caledo
nia regarding the prospects of the new crop.—
But, in addition to this the splen lid prospect
of an abundant harvest has also contributed
materially to give holders more confidence,
for. as we have already stated, manufacturers
will find their orders increase in proportion as
the provision markets decline. The sales for
the fortnight ending July 30, were 43,645
bales. Os that quantity there were 4800 on
; speculation and 3300 for export. The busi
i ness of the last three day's amounts to about
| 18.000 bales, of which not less than 6000 were
taken by specularors and exporters. AVe may
: here observe that the stock at the port of
■ Liverpool at the present date, August 3, is
estimated at about 410,000 bales, last year, at
the same time, it was 760,000. Os American
descriptions we have now about 340,000 bales,
which is 224,000 bales less than at the same
i period in 1846.
State of Trade.—The reports from the
Cotton and AVoolen districts are of a satisfac
tory* character. At Manchester the t unsac
! tions not large either in yarns or goods, but
prices well maintained, and even in cases where
stocks have accumulated, such as in the better
qualities of 40 inch shirtings suitable for China,
scarcely* anything could be bought at a rcduc
j tiou in prices paid at the beginning of the
i month. The opinion is pretty generally en
tertained that higher rates will be obtained.
LIVERPOOL, July 23.-— Cotton. —Demand roa-
I terially fallen off this week, a id market generally
heavy; prices of Am. kave given way Jd, but in
consequence of the small stock of long stapled,
; these kinds are firm at full prices. Surat dull at
• ( previous rates. Speculators have taken 1000 Am,
100 I’ernam, 300 Egyptian and 700 Surat, and ex
porters 1700 Am, 6<X) Pernam and 70 Surat. Sales
tor the week 25,510 bales.
• JULY ,A). Demand Irom the trade limited, and
as speculators have operated only to a moderate
extent, business has-been small; market conse
quently dull, and in some instances at the beginning
ot the wee* rather lower rates accepted. Since
the am\al ol the Am. steamer 28th, more steadi
ness, and quotation* of last week are now firmly
supported. Speculators have taken 2100 Am. and
• ~ *• • *
I 300 Surat, and exporters 9GO A lll3 and there have
■ been forwarded into the country unsold during the
month 1350 Am. and 100 Bahia. Sales of the week
18,130 bales. Prices —
Ord. to Mid. Fair to Fair. Good to Fair.
Sea Island 10 al3d. lo a!7d. 20 a24
Stained 54 a G 7 a 0 9 alO
Bowed Geo. GJa GJ 71a 74 7qa —
Mobile . 64a G} 7|a 7|
Ala. ife Tenn. 6|a —a —a —
N. Orleans G. l ,a 7 74a 8 84a 9
JULY 31, AUG. 2 and 3.—Since Friday mar
| ket Very steady, and rather dearer than' on that j
i day. Sales on Saturday 7000 bales, of which 2000 !
1 Am. and.7oo Egyptian on speculation, and 500 Am !
for export. Yesterday a good business at lull
rates, sales being GOOO bales, ot which 500 Am. and
000 Surat for export. Sales of Saturday and Mon
day include 10,050 Am. aB3 50 Remains,
20C Maranham, a 7sd; 700 Egyptian, 8.4 a 9d;
590 Carthagena. sd; 1500 Surat, 4£ a To-day, |
i Aug. 3, a quiet but firm and steady market. The i
slight advance quoted yesterday is maintained, and
Id advance on Am. now obtained. Sales 3 a 4000
bales, about 800 taken lor export.
1 Stock at Liverpool, Aug. 3, estimated at about j
110,000 bales, last year, same time, it was 760,000. i
Os Am, we have now about 310,000 bales, which
! is 224,000 bales less than at same period in 1346.
HAVRE, July 31.— Cotton news by the
Caledonia has given great animation to the market. I
The anticipated short supply gives confidence to 1
holders and buyers come forward more readily. ]
Prices have advanced since yesterday from 50c to j
If. A good deal done for Aug delivery, in ord A'.O, j
at 102 f. This price is firmly maintained. Sales
this day 3G78 bales.
ml—i 11 n “- -j>ui lF
Cl ugus t a, ocor g i a .
FOR GOVERNOR
H9N. B. W. TOWNS.
OF TALBOT.
IJetnocralit Nominations fox' Senators.
4tii Dist. — Canaden and Wayne —Eiias Fort.
I sth Dist.—Low tides and Ware—Gen. T. Hilliard.
7tli “ Tattnall and Bulloch—John A. Mattox
Bth “ Scrivun and Eflvngham—W. J. Lawton.
i 9tli Ent kc an J Enlanncl—W. 54. C Morris.
, 12th “ Thomas and Dacatur—WM. 11. Reynolds.
13th “ Baker and Early—Dr. Wm. J. Johnson.
14th “ Randolph and Stewart—WilCiam Nelson.
ITtli “ Macon and Houston—John A. Hunter.
20th “ Twiggs and Bibb —W. IV. Wiggins.
25th “ Jones ami Putnam—James M. Gray.
2oth “ Munrue and Pike—Col. Allen Cochran.
28th “ Merriwether and Coweta—Uue. Warner.
31sj “ Fayette and H ;nry—Luther J. Glenn.
32d “ " Jasper and Butts—Col. J. C. Waters.
1 38th “ Clark and Jackson—Samuel Bailey.
39th “ Gwinnett and DeKalb—Jas. P. Simmons.
49th “ Paulding and Cass —Francis Irwin.
41st “ Cobb ana Cherokee—Wm. H. Hunt.
43d “ Habersham and Rabun—Edw’d Coffee.
44th “ Lumpkin and Union—Elihu S. Ba -avidh
Col. To was’ Appointments.
AVc are pleased to Lave it in our power to an
nounce that Col. Towns has yielded to the
solicitations of his numerous friends and ad
mirers in the Cherokee region of Georgia, and
has accepted invitations to meet and address
la* follow citizens a$ the following times and
1 places.
On the 21th inst. (to-day.) at Spring Place.
1 j “ 25th u at Westfield, near the
line of Gilmer and Murray counties.
il *• 27th “ Ut La Fayette, Walker
county
u u 28tli *' at SunlUierville, Chat
tooga county:
u u 30th " at Rome; Floyd co.
u 1 ‘ 31st “ ht Cassville, Cass co, •
u li Ist Sept, at 31 arid ta, Cobb co
“ “ 3rd “ at Stone Mountain, De
Kalb count;*.
“ u 7th 7 at Camming,Forsyth co.
u •• 9th “ at Daldonega, Lumpkin
county.
, “ u 14th “ at Blairsville, Union co.
Arrangements arc in progress for meetings at 1
other places of which the public will be duly
notified. The opportunity will thus be afford
ed to a large portion of his fellow citizens to
see and become act plain ted with this favorite
, and distinguished son of Georgia. From a
personal acquaintance with him, wc feel fully
assiired that he Will sustain before the people
his high reputation fur talents —for firm and
Unwavering adherence to republican principles
-—fur able and eloquent advocacy of his po
litical oqfiaions, and for bland and courteous
maimers as a gentleman.
General Clinch's Pleas, and his Attorney's
better of Vindication.
If the editors of whig presses in Georgia
: really believe that Mr. Preston’s letter viadt- i
cates General Clinch in the estimation of the
people, they are wofully mistaken. Their as
su ances that it is a vindication will not make
it so. Their assertions that it has been or will
be considered a sufficient defence and exonera- |
tion arc not based on a knowledge of public
sentiment. Those editors are deceived if they
think this letter of Mr. Preston has done
General Clinch any good. Those editors reck
on without their host if they think they can
dismiss this unfortunate transaction in the
cavalier manner already indicated by some of
them.
The Coosa Hioer Journal closes a short edi
torial in which he expresses himself greatly
horrified by the publication of these Pleas,
m
with the following sentence :
“The following letter from Mr. Preston
places the matter properly before the public
and puts to flight the charges which have been
imwie against Gen. Clinch.” —Coosa River Jour
nal, 21 st inst.
The Savannah Republican prefaces it in the
' following manner, and goes on further to re
gret that the democratic editors should have
fired such “paper pellets”—yes vklluts
is the term apqolied, against “an. old and honor
able public servant
“Xailed to the Counter. —We alluded yester
| day to the St. Mary’s Bank humbug, which,
in dearth of better matter, the opposition have
gravely put forth to gull the people. The
whole thing, however, is such a transparent
and flimsy bubble, that we hardly think it
worth while to break it, as every sensible man
in the community can see right through it,
j without any trouble. The following clear and
convincing statement from Mr. Preston, the
Attorney on that occasion, which has been
brought out by this charge, is of itself suffi
-1 cicnt to set this matter finally at rest —it needs
no comment, for it covers the whole ground.”
— Savannah Republican, 21s£ inst.
The Chronicle $ Sentinel characterizes it as a
full and satisfactory vindication.
1 “This plea was published in the Constitu
tionalist some days since, which has drawn
! from Mr. Preston, the Attorney of Gen. Clinch,
the subjoined letter and statement, addressed
to the editor of that paper, which we commend
to the perusal of the candid and honest of ail
parties. It is a full and satisfactory vindica
tion of Gen. Clinch from any and all partici-
I pation in the character of the Pleas set up by
his Attorney. * * * * Q n the whole
we are gratified that the publication has been
made, and at so early a day, as it has afforded
ample opportunity to vindicate Gen. Clinch
against any imputation which the Democratic
organs might attempt to attach to him. It
will probably teach them a lesson, by which
even they may profit, and before tbe canvass
concludes, bring to their recollection that
homely adage, that “those who live in glass
houses should not throw stones.” ” —Chronicle
<v Sentinel , 18 th inst.
It is just as well to set all these editors
right on this Bank business. I'hey may in
foam their readers or not as they choose. This
affair dogs not stop hex*e. General Clinch is
not vindicated. The *JVailiny t j the Counter
which is to grow out of it, is all hopes of
! his election to the Gubernatorial Chair. If this
letter of Mr. Preston is ail the defence that
| can bo set up, we desire that General Clinch
| may have the full benefit of it. We hope it
■ will be published in handbill form side'by side
with those shameful Pleas, and scattered far
and wide throughout the State. Let them
. penetrate every corner, and be read in every
hamlet of the State. To the extent of the cir
■ dilation of the Constitutionalist these Pleas and
this letter shall have their share of attention.
The qjcoqde shall see how promissory notes
can be given for Shares in a new made Bank
; instead of gold and silver as the law requires,
and how* those notes so given in defiance of
| the law—in fraud of the law—are sought to be
| repudiated. Ihe people are justly and pro
-1 pcrly jealous of monied corporations—they arc
cautious in granting chartered privileges to
the fortunate few who control money. When
through their legislature, they do grant char
i ItTS* and by them give a few men the magni
| ficent privilege to issue to the public their
i promises to pay, as so much money, and which
i aie destined to circulate as so much money*
| they strive to guard the gift by stringent re
strictions against any fraud, violation or eva
sion against knavery, stupidity, recklessness
or ignorance. They call in the ingenuity of
lawyers to draft these restrictions so as to se
| cure as far as possible a j)roper Organization
iu the first place, and in the second place to
: prevent a wild and desperate spirit of specula
• tion from perverting the liberality of the State
into the means of less and disaster to the hon
| ejt an 'l confiding citizen, who trusts the bank
|h\ rcceh ing its bills as money. It has been
too often a vain struggle, as the floods of
beautifully engraved but worthless bank notes
that have been issued by Banks, and never
redeemed, will attest. Many of our citizens
have doubtless now on hand specimens of
these fair and delusive promises to pay . They
have often, perhaps, apostrophized them as
the lover did his false mistress :
u Dear — bank note, I believed thee true,
And I was blest in thus believing,
But now I mourn (hat e’er 1 knew
A face so fair and so deceiving.”
Probably no charter which was granted bv
i the Georgia Legislature was more particular
! in exacting precedent conditions from stock
holders with a view to a solid basis on which its
issues should be predicated, than the charter
of the Bank of St. Marys. Yet wc find that
its President—no less a personage than Gen.
Duncan L. Clinch, the whig candidate for
• Governor—adopts a trick to evade the plain
re quisitions of the charter. It is an evasion
that is nothing more nor less than a fraud—a
I fraud iii the plain English definition of the
word. The disclosure surprised us as much
ns it did any of the whigs, for that General
Clinch is an honest and honorable man, we
never doubted. We Believe still, as we said
weeks ago, that he is a clever, amiable gentle
man. We do not class him, or wish to class
him, among financial sharpers and scheming
speculators in Bank Charters, who would de
liberately commit a fraud, knowing it to be
such, upon the public. We should regret if
others, less charitable, should think General
Clinch capable of an act so repugnant to his es
tablished character for integrity an I fair deal
ing. But to account for his conduct, in this
: discreditable transaction, we conclude that
General Clinch has been duped. He has been
made use of—gear’s law in the hands of some
keener witted man. He has been persuaded
to do a thing which we cannot believe that he
would have consented to, had he been told
that the direct, palpable, undeniable object of
it, jwas a fraud upon the legislature and the
people. This is the figure the whig candidate
cuts before the public. This is the best con
struction that his conduct is entitled to. But
it presents him in a light by no means envia
ble. lie is aspiring to a high and rcsqionsiblc
office—requiring talents, information, and fi
nancial knowledge. He is betrayed to the
public as showing most lamentable weakness—
as showing ignorance of his obligations to the
public as a Bank Director—a President of a
Bank, exhibited as a pliant tool in the hands of
others. To deny this, is to make the matter
worse forhim.
Mr. Preston cannot shield his client, in this
matter, unless he will state that the second
and third Pleas assert a falsehood. Those
Pleas assert, that the note sued on was a stock :
note that was given in lieu of money, to ena
ble the Bank to go into operation. Is this as
sertion false, or is it truer It is true. Gen.
Clinch did give the note. He gave it for the
purpose asserted by his attorney on the record.
The Pleas disclose this fact — this “fixed fact.”
Had the Pleas never been filed, it would have I
been no less a fact. Had Gen. Clinch never
been sued—had he paid the note when due, it
would still have been no less a sact —and no
less culpable. Calling in a lawyer to resist I
payment of the note, on any pretext, does not
alter the case. There are two distinct offences
against go ocl morals committed. The first is the
greatest, and committed before Mr. Preston had
anything to do with the matter—that was,
giving the note as so much Bank Capital,
instead of paying the amount in gold and
silver. Now if Mr. Preston will state that he
advised Gen. Clinch to do this—that he was
consulted professionally beforehand, and as a
lawyer advised Gen. Clinch that he could in
this way evade the charter of the Bank with
out committing a fraud, then, not till then,
will we admit that the odium is transferred to
him. This, of course, is not the fact. Mr.
Preston we know by reputation. He is too
talented a man to believe that such an act ,
f could be done without perpetrating a fraud,
lie is too honorable a man, even had he any
interest, to do so deliberately—-to advise a
weak-minded man to do a fraudulent act.
The second offence, though bad enough
itself, is trivial by the side of the other. —
It was the effort to avoid paying the note.
That General Clinch did attempt this, is
I apparent from his employing counsel. Os
course he employed Mr. Preston in the case.
That gentleman says he was the attorney of
Gen. Clinch —says so on the record —says so
in his published letter. "Whether Gen. Clinch
disclosed to him the consideration for which
the note was given, or whether he got the
information from some one else, is of no con
sequence to ns. We repeat that Gen. Clinch
ought to have paid tills note without a mur
: ! mer. The defence set up against it, by whom*
; | soever suggested, was a most fantastical and
ridiculous one. No jury in the land would
have allowed Gen. Clinch to escape payment
if they could have helped it. Nor would the
law have allowed him to take advantage of
1 his own wrong by contending that the Bank,
• of which he was President, had acted ffaudu
-1 lently in going into operation before the a
mount required by its charter had been paid
1 in by the stockholders.
"We conclude, for the present, by saying that
! we would never desire to see a man beat for an
office by calling him “a swelled head." But we
' will resist with all our energies the election of
a man with a weak head to an office which re
| quires a strong and vigorous mind. Did Gen.
Clinch possess the mental capacity that his j
political advocates assert for him, we should,
after this Bank transaction, esteem him much
less than we do, and would insist that he was
Still less entitled to the arduous and responsi
: ble office for which they are urging his claims.
We take no pleasure in saying harsh things
of Gen. Clinch. But it is not our act which
places him in a position where it is due to the
public that his acts—his qualifications—his
mental capacity should be closely scanned.
iggrWe would call the attention of those
going North, to the advertisement of the
steam ship Southerner, in this day’s paper.
Grenville’s Almanac for 1848.
We have been favored with a copy of this
Almanac, and have only time to say that it is
one of best and most accurate published in j
tills State for some years past.
Tennessee.
The delegation in the next Congress will no
doubt stand as last year. * The "Whigs were a
little too fast in claiming the election of,
Harris in the 10th district. The returns so
.
far received indicate that Stanton, the Dcmo
! cratic candidate, is re-elected.
Specie Lost.
It is estimated that something like $-50,000 ,
or even SIOO,OOO in specie, belonging to the
immigrants, went down in the ship Iduna, or
on the bodies of the lost. One individual lost
SII,OOO. The passengers -frere all Swedes,
and wore coming to this country to buy farms;
Death of a Millionaire.
Peter G. Stuyvesaut, one of the New York
millionaries, came to his death on Monday, at
*1
Niagara, while bath mg in a plunge bath. His
i property is put at $1 to $-5,000,000, and will
j make many who are now rich much wealther,
; and will not be broken into small amounts, as !
in ordinary cases. Mr. S. was 76 years of ago, |
and was the direct lineal descendant of Peter
Stuyvesaut, the last Dutch Governor of New j
York, who remained in the Colony after its
surrender to the English in 1668.
[communicated.]
Georgia Kail Koad
Mb. G*bDxeu :
Dear Sir—ln ixavoiling recently bn the |
Georgia Rail Road, I, in common with very i
many others, suffered huicli inconvenience I
. from mal-arrangement on the Athens branch; i
and as dissatisfaction and complaint are uni
versal. I desire to bring the matter to the no- i
1 ties of the Directors.
The cars leave Augusta at 8 p. m. and ar
rive at Union Point between 1 and 2 in the
; j
morning. The passengers for Athens, instead
; of going directly on, are detained until 7
o’clock. The engine and cars belonging to the
road were there, and save the “firing up”
seemed ready to depart, but the order was
withheld. Wc were recommended to pass the
remainder of ihe night at the hotel on the
lull, but it could accommodate only twenty or
thirty persons, and this number having arrived
by the down train at 9 the evening before, the
house was occupied. We were, therefore,
compelled to take seats in the empty cars and j
wear away the night as patiently as wc could, j
On inquiry, I was given the following, as
some of the reasons for the arrangement, to
j which I will briefly reply as I state them :
Ist. It was said that the late Chief Engineer
had an interest in the public house, and the
Company were disposed to promote it.
If true, which of course I doubt, I
suggest a mode of advancing this interest con
siderably more than is now done, and more to !
the satisfaction of travellers. Let a tax of one
dollar be required of each passenger on arriv- !
ing there, in lieu of lodging and breakfast, !
and as extra pay for reaching Ath ens by sun
rise. No one will object to the payment, and
the man will thus be handsomely remunerated j
for not delaying us, and will incur no expense, j
All the receipts will be net profit !
2d. The mail being carried from the Point
to Athens in a wagon or hack, and not reach- j
ing there before 9 or 10 a.m., I was told the
train was detained that the Contractor and the
Department might not experience loss ! For
should the cars precede the mail,letters would
be conveyed in the former by private express,
and ere long the carriers would lose their
contract. This conduct was highly disinter
ested as regards the contractors, and patriotic
as regards the government. As a stockholder,
however, I vote for the opposite cours The
Athens road is said to be not profitable—the
cars run at any rate —therefore the mail should
be carried by them, and no doubt it can be j
done as cheaply as by stage contractors. If j
an opposition to the company induced persons !
■ in Athens to take this contract under the bid 1
I of thc c °mpany, it would not be unwise to
j makc them feel the burthen of it. To antici
! pate tlle “ail would be the surest way to dis
| sol ve the contract, and secure one for the road.
n connection hero, it was .mid, too, that to
} rct:uiatu lt P on their opponents in Athens, thc
j company wore not unwilling to inconvenience
those who visit the town ! But it was not coa
■ sidered that the policy this slander indicates
would be suicidal, and that the resident stock -
■ holders and directors (and Athens has a large
share of both) would not tolerate it.
3d. That the passengers for Athens, down
the main-road, arrive at 9 p. m . and being
abed when the up train arrives, it would be
cruel to awake them before daylight!! I on ]y
j allude to this to remark that seven-tenths of
! the travel to Athens during thc summer (I
| judge so at least) is up the road.
Should seven persons be kept shivering,
without sleep, in a stationary car from 2 to 7
a. m. in order that three may rest comfortably
in bed all night r Why, these three would be
. ashamed to accompany the others if they knew
the discomfort they had occasioned ! And if
gentlemen, would regret that they had not
taken the mail wagon! The arrangement fix
ed however, the three arc delayed from 9 p.m.
until 7 a. m., just ten hours, and the others
| from 2 to 7 a. m., 5 hours.
It is well that we do not value time here as
they do in great commercial places. A mo
ment there is more appreciated, and I might
I say, in some respects, better employed, than an
hour here. Such delays as this would be re
-1 moved at once, and by full compensation to all
parties.
4th. That it is dangerous to run thc road at
night. This is perhaps the cause of the deten
tion. But it seems hardly sufficient and just.
1 have not heard that the construction of this
branch is worse than the main road, nor that
more accidents have occurred oii it. If the
one is safe at night, why not the other r And
if unsafe, why is it not repaired ? And is it not
dangerous by day, if danger olis by night r—•
There is not more satisfaction in being killed
at one period than at the other. I for one
would be willing to run the hazard, and think
| I assume no fearful responsibility, when I say
the same for the public;
The down train from Athens leaves at 2 P,
IM. This is a disagreeable hour, and the more
I so, as it is unnecessary. The train arrives at
the Point at 5 o’clock, yet passengers do hot
j got away before 9. Why not leave Athens at
5 P. M., and allow the cool of the evening.
O'
for the trip, and after a deliberate dinner,
i * I would suggest as d remedy, which will
; operate both for the benefit of the company,
i and thc comfort, at least, of the travelling
; public, that a train be sent to Athens only 3
times a week, and that it be sent without de
tention at Union Point. Thus the expense of
I a daily train will be avoided, and certainty and
speed bo secured.
Travel will increase with the increase of cora :
fort as well as with the decrease of expense.—
While I was highly gratified to see thc crowds
on the road, I regretted thc littPle room that
was allowed them. At times there were not
even seats for persons. Many had to stand a
I good part of the way: This luis reference to
i thc main road. The conductor tdld us when
I we entered the cars at Union Point that evert/
i * T
j seat was filled and that he had no extra car,
j and we must await thc ilext train; Think of
| a night and day at Uniou Point! It was as he
| said, but our party came down nevertheless,
I and you may conceive how ■vve managed. NoW
the weight of the cars is insignificant—the
wear and tear trifling, and tire pleasure of the
space incomparably great, to the traveller:—
Why not then, furnish cars for any number of
persons- charge more if it pleases, but give
I breathing space:
There ought to lie extra cars at Atlanta, Stone
Mountain, and I nion Point, and during press
ing occasions like Commencement and the Ag
ricultural F dr,they should be attached without
i stint'- A Travelled;
Tie French Steamer Missouri.
A second telegraph despatch from Boston,
of Wednesday evening, after the arrival of the
Cambria, announces that the French steamship
Missouri, from Cherbourg the 31st ult. for
New York, had put into Halifax for coal.—
Her mails were brought to Boston in the Cam
bria.
Monet/ Matters. —The English letters speak
of the railway instalments as the principal
cause of the scarcity of money. The rail wav
instalments on the first of August were verv
large. The monied interest was inclined to
check and repress the railroad speculations.
It is reported by letters from Boston that
i £160,000 of sterling bills have been returned
;by this packet protested. We do not find
that any bills drawn in New lork have been
| retained. Some bills drawn in Canada have
come back, though wo should think not by
[ any means, to the amount named. None of
of the failures mentioned, affect this city.—Y
P. Jour. Com. 20 th inst.
We understand the “boll worms,” as they arc
commonly called, arc already engaged m ex
tensive operations upon a number of cotton
fields in this county. D. F. Walker, Esq. has
laid upon our table several ugly specimens of
their work. If the heavy rains with which wc
| have been visited almost daily for some time
! past should continue, their depredations must
result in very serious injury.— Forsyth Little
j Georgian, 21 st inst.
La Patria has another letter from Tampico,
iii which yet another letter from the city' of
j Mexico, is mentioned through which the im
portant fact is divulged that a letter has been
intercepted from Gen. Santa Anna to Gen.
Scott, announcing that he (Santa Anna) had
given orders for the withdrawal of the troops
from Peiion. Santa Anna had sought to allay
the indignation which was aroused against
him on hearing of this act, by declaring that
his design had been to lead Scott into a netl —
Before we yield credence to this story, there
will be time 4 for another arrival.—A. O. Pica
yune, 17 th inst.,
[Front the N. O. Picayune, VUhinst .]
Lat;r from Texas.
The steamship Ohio, Capt. J. Swilcr, jtm.,-
arrived yesterday from Galveston, having h*tt
there on Saturday last. There is.hardly a w r oiu
of news in the papers, which are up to the 18 1
i instant.
The Civilian says the prospect of the cotrm
j crop continues as good as it possibly could be.
i The Civilian has been told that in some park*
i of Brazoria county the hands are picking at