Chronicle & sentinel. (Augusta, Geo.) 1838-1838, March 31, 1838, Image 2

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mk. i'll a vs spi:i:ch ON I Ml. SUM Ilium ItY HII.L -(oniinucn In lliic Quotation it will be seen that the first germe is contained of llmlseparation uiul divorce of tho Government from banka, which lias re cently made such a couspicUmnt figure. It re lates, it is true, to I'ic late Dank ul the Lulled i ■States, nnd lie speaks of separating and leveling j the connexion between the Government mid that | institution. Uul tho. idea, oneo developed, vv«a 1 easily susceptible of application lo all hanking in- | stiiutions. In the Message a s the succeeding I year, his meditated attack upon the Slate banks j is mote distinctly disclosed. Speaking ul a sound 1 currency, he says: " In considering the means of obtaining so im portant an end, [ihut is, u sound currency,] we must set aside all calculations ol irmpoi very eon veniunco, and lie influenced by those, only that nro in harmony with the true character and pet- i munent inlureslsol the Republic. We. must re cur lowest pnnt ifiks, and see what it in that ha's \ prevented the legislation ol Congress tinil lln ■St.itrr on llic subject ot currency from satisfying the public expectation, and realising results cut responding to those which have attended the ac tion of our system when truly consistent wilh the great principle ol r quality upon which it resin, and wilh that spirit of forbearance and mu tual concession and generous patriotism which was originally, and nuts' nv r i onliuue lo be, ilia %itnl eleme il of <mr I ,'nion. "On Ibis subject, lam sur ■ lb.it I r innnt be mistaken in ascribing our waul ol sneer s to the •induo countenance which him been uHbrdud In Ihe njtt il lof nioilo/io/i/. All the seiioos dally;.ns Which our system has yet amoijnieied mav be fiaccll In the resort In iniphed powers, unit Ihr me nf Lorpoyution . clothed with pimlegc l , the •■licet <d which h in adeuncc the in ere.-a, of the few at the expense of the many. We have tell hut oil'' rliim ul these d.tngus, oxlliliilcd in the rnnle-1 waged by the Rank ol ibo liniled Mlu'e against the (lover. Incut for the last I nn ycar Huppily, they lime been nbviab.d lor llie piesenl by the indignant re istanco ol the People; but wo should recollect that the principle whence they sprang is an ever-aciivc one, whieh will .not fail 10 renew Us cllhr's in the same and in oilier forms, so long us them i. a hope ol , nrers , loun ■ led cither on ilia liMllenlloll ol the J’eople, or the treachery of tbeir repre-en'.nlivi - lo the tiul'lle progress ol ils inllutince.” * * ‘ * “\\ e arc now lo see whether, i;i the present favorable condo cm of iln.‘ caonhy, we eaiinol lake an < //'a am// slimil ii.aiu.it Ihi ■ipi 17 1 ol monopoly, aw.l p aeticajly pone, In re npect to ike currency, as well as oilier imp irl.int interests that lliere is no necessity I.>r an exlen uivc a resort lull us that winch has been herein, lure practised.” * ' * ‘ “It has been seen ill'll without the agency ol a great moneyed m mnpuly the to 'rune can be collcclcd, and conveniently and safely applied In all the purposes of llie public expenditure. It is also ascertained llial, instead of being necessarily made to promote the evils of an unchecked paper sya.cin, the manageinenl of the revenue am he math auxiliary lo the reform which the Legislatures of several of the Hiutcs have already commenced in regard lo (ho sup pressum of small bills; and which has only lo be Insured hi/proper letfuiatioiit on the par l ••/' Cmiifreiis, lo secure a practical return, lo the ex tent required for the security of the currency, to the constitutional medium.’’ As in llie. instance of the attack upon the llank of the United Hiales, l!to approach to I, I .'** •‘'lnto banks is slow, cautious, and Insldalus. JIo reminds Congress and the eounliy llial all cal culations ol temporary convenience mu t be set aside; that we must incur In first principles; and that we must sec what it is that hits prevented Uui legislation of Congress nutl IheSlnlai mi the subject ot the euiremy from satisfying public expectation. Jlo declares his conviction dial the want olsuccess lias proceeded from the tin due countenance which has been ullbrdexl lo the spirit ol immoply. All the serious dangers which our system has yet encountered iii.lv be traced to the resort to implied powers, and to Ihe rose i "J corporation!/. We have (ell, he says, but one j class ot these dangers in the emmest with the) Malik ol llie Lulled Nialos, and he clenilv in Minutes that the other class is the Stale Dunks. I Wo ore now to see, ho proceeds, whether in (lie j present fdvotahlo condition of the eoun ly, we ' cannot, Itiko an etliclual Bland against litis spoil , 1 of monopoly. Reverting to his lavorte scheme j 1 of a Government hank, he says il is ascertained j 1 that, instead ol being made necessary (o promote I 1 the evils ol an unchecked pup r system, the man- ; 1 agemcnl ol the revenue can he made auxiliary i 1 to the reform which he n desirous to introduce, i I I ho designs of President Jackson against the I 1 Ktale hanks are mure fully developed ijnd on. I : lergod upon in his annual message of 1830, 1 from which 1 hog leave lo quote the following 1 passages: I Mr President, this is no iiriueeessary digress., 1 mu. The personal character of such a chief as | 1 have Irooii describing, his passions, his propen j Mites, the character ol his mind, should lie all ' ' thoroughly studied, to comprehend clearly his j * measures and his administration. 11 uI I will j * now proceed to more direct and strict proofs of ' my second ami third propositions. Thai !„■ was ' resolved |lo break down llie IJauli of the United ! Stales, is proven by the same citations from his ' message which 1 have made, to exhibit his purpose . to establish n Pleasure Dank, is proven by bis veto message, and by llie fact that he did destroy ' it. The war against nil other hanks was not Originally announced, because ho wished the | •Stale banks to bo auxiliaries in overthrowing tho ' Dunk of the United States, and because such an ' annunciation would have boon 100 rash and |' shocking upon the people of the United States tor even his tremendous inlluottee. It was no. i cessary to proceed in the work with caution, nnd 1,5 begin with that institution against which could be embodied the in cutest amount ol plejn dice. The refusal Id reClmrtor the bank ot the United States was followed by a determination to remove trom its custody tho public money of 'the United States That determination was first whispered in this place, denied, again inti mated, and linally, in September, 1831, executed The agitation ol tin Ameiicnn public which en i-ued, the warm and animated discussions in the country and in Gongress, to which that uncon stitutional measure gave rise, are all Iresh in our recollection. It was necessary to quiet the pub lic mind, and to reconcile the people to what had been done, before President Jackson seriously entered upon his new career ot hostility to tho Suite Hanks At the eominencumenl ol tho session ol i-ongress in IH3I, he imagined a sul ficent calm hud been produced, nnd, in bis an nual message of lhat year, the war upon tbe iSlulo banks was opened. In Rial message he sure •Ml seems due to the safely ol llie public tunds remaining in that bank, and to the honor of tbe American People, llml measures lie l iken lo se parate ihc Government entirely (rom an iiisitUi lion so mischievous lo the public prosperity, and so regird less of the Constitution and laws. ■ii.v referring the public depositee; by appointing oilier pension agonts, us far us il hud the power, by ordering the discontinuance ol the receipt of bulk checks in payment of the pubic dues alter the first day of January next, life’ Executive has exerted all its lawful authority to sever the connexion Imlwecn the Government and tis taithb s» corporation,” '1 heg leave to call your attention to another subject intimately as-'cia'ed wilh the preceding one —the current ij of the count: ' ‘lt is apparent, trom the whole context of tho GonaUtulioii, as well as tho history of the times that gave birth to it, that it was the purpose of ihe convention to establish a currency consisting of the prerfout mchtl-. The e, (r un their pecu liar proper i• • .vl.ii li re.-dried ilufii tb, ,n.!ard of value in uii uiln i i . . .o . re ■ul.ijiu >1 in thu, iu well in , i. !i i!. • until ciria! i umUrd, , in reference lo limamirics, hy ~ permanent rule, an lo exclude Hie i„: .( ,• Hiuut' medium' of exchange, nuch utof curl ~ a agriciillur.il emu modifies, recognised by the statues of some States as a leader for debts, or the Blillmore pernicious 1 expedient ol a paper currency.’ ■\ uriublcncss must ever be the clmrflc'erislic ot a Olirtcney of whicti (lie precious metals are not the chid liijjjrcdlenl, up which cun be expanded nr contracted without regmd to ibe principles j that regulate llio v.tl'Uu ol those metals as a ulan ' dard in the general trade of the wuild. VVuh us, j bunk issues consiiiutc such a currency, and must ; ever do so, tit,til they are made dependent nn j those just piOporliniiS of gold and silver, us a urs dilating medium, which experience ha- proved lo he necessary, not only in ibis, but in all o her j commercial coiintiics. Whefu thoso proportions are not infused into the circulation, and do not control il.it is nmnlfe: I (tint prices must vary according to the i/dc of bank issues, and the 11 1 . tie and stability of property must stand expos’ d i in all tin uncertainty which attends the adinini - j (ration of institutions ilia: vie constantly liable to | the letup! at ion of an interest distinct from that I of llie community in which they are i .-.labb.-lic i.’ ( ‘Hut although vaiinus dangers to our Kcpu|jlt ■ can institution; lia• <• been obviated by tin- iuilytc | of that 1 tunic to extort frdhi the (iovenirnent a n i ncwal of i' ; character, it is obvious that little lias . been a "Co nplisiieil, cm-' pi a : alnt’.'.ry , han.'.c of . public opinion, tmvauU re luring to the country , (be sound I'lincney provided for in (be <!uli-Ulu • i lon. I n lbe sets i:f M'vi'iul of the Sin/ ■. pi diib ■ . ilmg the i in nlaliun c.f small rnce . and tbo an ,- . diary f iniclineriH nl is at Uio last s, .inn, : | forbidding their reception nr payment nil public . ! account, tin n n>; p dicy of the country bus b. • n advanced, and a larger portion of the precious ■ Initials infused into our circ listing me bum. • Tln-r measure : will pin ably be filin'.’, id up in . I due li■ 11 ■ • liv the e,i;l;'!i,rai! of Slate law, , ! mi -li I ing from cifcul.iiion bank notes ol still higher . 1 den on in at i ■ in-: and tbo object may In materially - i promoted by further m Is of (tongici s, fin bidding | lie' e opin’,' incut', as li ical ugi-nts, of snc.lt looilnj i us b'-oic n ole" of bi'A’ if "n ilaii n at inn s, aid throw i npedinicnts in lb way of llie circulation of gold , | and ‘■ilvcr. . * rtie etii'cls nl an cxti nsinii ni hii.i' ci nln t j mid old-issues of bank pa per have been all iking ,l Iv illustrated in then,lies • I the public land", from tli 1 returns mad.' liy this various registers ( and receivers in the early part of la I miiiiiurr, if was pci’cciv l. l )hut the receipts inising Inmi l tint s lies of public.lands went increasing to an nripr'i’i’ilentcil niriount. In ill'cil, howiver, llicsc iv’ .dpt : iiniount In noibing mure Ilian cicd ils in banks. 'J’ho banks lent mil their milts to sp. culiilnrs; they uric paid In the rcceiveis, and immcdii’li’ly returned In the hanks, lo he lent nut again am! again, being lucre instruments lo H.-ins . j lim In speculator* the ino-a vuluahle ptihlii; land, | and pay the fiovi’inimuit by a credit mi the ■| I’liaiis nl llie I units. Thu. c c.c I its on llio books of noun; of till! Wester..! banks, usually called I d,’poshes, were nlrcmly gro.ally beyond tin ir ini ; i mediate means of payment, and were rapidly in ! creasing, indeed, r ich speclijalion Inmi Inal , me im< for mini her; lor no mi mer lid mm indi vill i’ uul or comptiliy paid in the notes, thili.i they were immi’diiiti’ly lent lo annlhcr for a like purpose; , and the banks were extending then' business ami their issues so hugely as lo al inn imm-idei'i.(ft men, and render it doubtful whether theso hank , credits, if permitted lo accumulate, would ulti , ■ .id" he of the least value to the (covornincnt. . n.an v The spirit id ovpT'ilou and speculation was not I confined lo lint hanks, I m pmvad.’d | | llio whole mulliliido of lia s • ‘ r UVivj iuut ui I J Union, and was giving rise lo nt’.v mail..' toaggravate lho mil. I ’Tno safely of the public funds, and the inters | J osi ol the People generally, reijuired that these ] j operations should lie checked; and it hecarno the , duly of every branch of the (ionoral and Slate | j Governments to adopt all legitimate and proper i j means to produce that salutary elite?. Under I I this view of my duly. 1 directed the issuing of I j the order, which will be laid before you by llio j j Secretary of the Treasury, requiring payment of [lie public lands sold lo be made in specie, with 1 I an exception until the Ifch of tho present month j i jin favor of actual settlors. This moasutc has pn - j I i diifcd many salutary consequences. It checked I the career ol the Western hanks, and gave them ; I iiddilional s length in anticipatinti nl the pressure I i which has since pervaded ntir Kastern as well as j i tho litiropean commercial cities, liy preventing | i the expansion of the credit system, it measurably I 1 cut oil die means ol speculation; ami retarded its ] • progress in monopolizing tho most valuable of j < tbo public lands. It b.is tended to save the new I ' Slates Irmn a non resident proprietorship—one ol the greatest obstacles lo the advancement of 1 a new country and llmjjiospority of an old one: i II has tended to keep open tho public lands for 1 culiy by emigrants at Uovcrniucul prices, instead ol their being compelled to purchase of specula* I lots al double or treble prices. And it is con- \ vo.ving into the interior large nmis iu silver and j gold, there to enter pei'm.auenlly into tho currmi- I ey ol the country, and place it on a firmer found- j Stion, ll is confidently believed llial the country I tv’ll find, in tho motives which induced that order, I and the happy consequences which have ensued, j much lo commend and nothing to condemn.” j It is seen that he again rails the attention of j Congress to the currency of iho country, alleges ’ that it was apparent from the whole context ol 1 lh : Conslilu mu, as well as tho history of the | times that gave birth to it, that it was the purpose of the convention lo Establish a currency consist- | ing U'ihe precious metals’, imputes variableness | and a liability lo inordinate contraction and ex pansion lo the existing paper system, and de- , nounces bank issues as tiring an uncertain stan dard. flu felicitates himself upon the dangers I which have buen obviate,! l>y the overthrow of 1 (he Hank of tbo United Slates, but dechnes that I little has been yet done, except to produce a ski* ! utary change of public opinion towards restor ing to the country the sound currency Junviilnl fir in the Constitution. I will here say, in pas sing that all this outcry about tho precious met -1 als, gold, and tho constitutional currency, has 1 been pul forth to delude the i’coplc, mid to use | the precious metals -as an instrument to bleak 1 down the hanking institutions of the tSialcs, and 1 lo thus pavo the wav for the ultimate e-'tablish ; uyill of a great (inurnment bank. In the pres ent! advanced stale "l civilization, in the present 1 condition ot the commerce of the world, and in i the actual relations ol trade and intercourse he -1 tween the dill- rent nations of the woild, it is per fectly chiineiical to suppose that the currency of the United Suites should consist exclusively, or principally of the precious metals, lo iho qHutatiofis which I have made from the 5 last annual Mes-age ol tieneral Jackson, he , speaks of the extension of bank credits, and the over-issues of bank paper, in the Operations upon tho sales of public lands. In his Message of only I tbo preceding year, the Vast amount of thus,. I sales had been dwell upon wiiH peculiar coniplat , j sauce, as illustrating (be general prosperity of the country, and as proof of the wisdom of his Admin j istration Hut now that whiefi bud been an* ! | iiouneod ns a blessing is deprecated as a cnlamitv Now, liis object taiiig to assail the banking insti tut toil s of tbc States, and to justify that fatal Treasury order, which 1 shall hereafter have oc casion lo notice, he expresses his upprebepsion of the danger to which wo ate exposed of losin ; tbc t public domain mid getting nothing lor jit but ’ hnuh err iits. He describes, minutely, the cir cular process by which the notes of the banks s pa-ed out ol those ios'ilulioiis to be cmploxod' ( in the purchase ol the public lands, and returned , again to them in the I am of credits to the (,\n liniment. He lorgclf that Mr. Sccrctarv J'JIH’V ) to reconcile the I'uop'n of the ( niled to the daring measure ol removing the public du pable-, bail ►ti'iiul iled the hanks to tlie exercise •it great libei-hty in the grant of loans. He in’ fount 4a, in that nicssiige that the safely of the public lumls, and the interest id (he F.oplu gen erally, required that these copious issues ol the hanks shotild he checked, and that the convers ion ol (he public lands into mere hank credits i nbOtttiMie .nkimled. And bis measure to accom plish these object • was that famous Treasury or ! der, already averte.l to. I,el ns pause here for a moment, And cointemplate the c ircurnstanees un dor which it was issued. The principle of the order had been proposed and discussed in Con giess. Hot one Senator, as fat hx 1 know, in this hriincli of the hegislatnrc, mid not a solitary member, within my knowledge. in the House of Representatives, was in l.ivor of it. And yet in about a week idler the adjournment of Congress, . the principle, width met with no coonienancn l Iroin the legislative authority, was unbodied in i tlio form id n Treasury edict, and promulgated under iliu Executive authority, to the astonish ment el the people ot the United Elates 1 if we possessed no oilier evidence whatever of i the hostility of I’resident Jackson to the Elate i . limits of the United Elates, that order would sup ply coiitlu-ivn proof. Hank notes, limit issuca, 1 bunk credits, were distrusted md denounced by him. It vvus piocluimed to the I’eoplc that they were unworthy ol confidence. Thu Government . could no longer Innil in their security. And at f a nipnienl when the hanking operations were ex tended, and Hlrelchud to their utmost tension ; when they were almost all tottering and ready to la ! !, lor the want of that metallic basis on widen - they ail re-led. Hie Executive announces ds dis , trust, issues the Tiea-ury malei, arid enters the nijiket lor speei ,by a demand nf all extraordi i : nary amount to supply the means of purchasing the public lands. It tlie i.-t'c- hid continued in 1 tlmsu.iic ratio they hail hern made during the i | icvious year, that is, at nlioul tlie rale ol liven- . ly-lom millions per annum, this unprecedented [ r d.■maud created hy Government for specie must have exhausted the vaults of most of the banks, i mid produce I much sooner the eata-trophe which (a'ctirred in May last. And, vihalls more extra . ; ordinary, this wanton demand for specie upon all I | the hanks of the commercial capitals, and in the bu y mid thickly peopled portions ol the country, Was licit it might be liiiiispm led into the wilder ness, and, after having been lived in the purchase of pub.ic lands, deposited to the credit ol the r { Government in the books of Western hanks, in | some id whi’ h, according It) the Me-sage, there i were already credits to the Government “ greatly j r | b.-voud their immediate means of payment;" Go 1 , vuriimeiiL, therefore, did not. itsell tceeive, or ra - [ thor did not iciaiii, the very specie which it pro- I i j baaed to demand a-- the only medium worthy of j I tin* public lands. The specie, which was bo use- I l ! lessly exacted, was liwnslerred from one set of 1 banks, to the derangement of the commcree and , business ol the couuby, and placed in the vaulls ' i ol another set id hanks in the interior, forming r j only those bank credits to the Government upon I which President Jackson placed so slight a value. Finally, when General Jackson was about to retire from the cares of Government, he favored 1 | his countrymen with a faicwoll address. The . 1 solemnity ot the occasion gives to .my opinions ■ which ho ion cxpicssod in that document a claim ; to peculiar attention. It will he seen on perusing I it, that lie denounces, more einphalicallly than In i any of his previous addresses, the hank paper of the country, corporations, and what lie chooses Ito denominate the spirit of monopoly. The Sc j null 1 will indulge rue in calling its attention to | curiam parts ot that address, in the following cx j tracts: “ The Constitution of the United States nn. ijucetionably intended to secure to the people a Hr übiling medium of gold mid silver. Hut the 1 'auiishpieul of a national bank by Congress, l , njigilegc of issuing paper money recei ( w.l.i the. , . |(, c public duos, an-l the un valdc Jit pnyme.,. , , i<Ja(ion j(1 tho sfivera) , furtnnaro cause of ... ..., vc from general I States upon the same subject, . sl| j ( I circulation the constitutional curreno,' | slitiilcd one of paper in its place.” • - “ The mischief springs from the power j which the moneyed interest derives from a paper 1 currency, which they arc able to control; from the multitude of corpoitllions, with exclusive p hi leges, which they have succeeded in obtaining in the different Slates, and which me employed al together for their benefit; mid unless you become more watchful in your States, and check this spi rit of monopoly and thirst for exclusive privile ges, you will, in the end, find that the most ims portant powers of Government have been given or bartered away, and the control over your dear est interests has passed into the hards of these corporations.’’ "Hut it w ill require steady and persevering ex ■ crlions en your part to rid yourselves of the ini’ qltllies ant] mischiefs of the piper syslerri. and to check the spirit of monopoly and other abuses which have sprung up with it, and of which it is the main support. So many interests are uni ted to resist all reform on this subject, that you must hot hope that the conllicl will be d short one, nor success easy. My humble efforts have not been spared, dining my administration of the Government, to restore the constitutional cur ( rency of gold and silver: and something, I trust, i has been done towards the accomplishment of this must desirable object. Hut enough vet rc ! mains to require nil your energy and perseverance. i The power, however, is lu your hands, aiul the i remedy must and will he applied, if you deter i mine upon it.’’ 1 Tim mask is now thrown off, mid he boldly ] says that the Constitution of the United j Slates unquestionably intended to s cure to the people a circulating medium of gold and silver. They have not enjoyed, he says, that i benefit, because ot the establishment of a na tional bank, and the unfortunate course if legislation in the sacral Kittles. He does not j 1 1 1 iiit bis condemnation ot the past policy of his country to the Fed era c; ivernmeiit, of ! which he had just ceased to be the chief, but 1 he extends it to tlie Slates also, as if they were in corn p> lent to judge of the intrusts of | their respective citizens. He tells us that the mischief springs from the power which 'the moneyed interest derives from a paper eur- | rency, which they are able to control, ami the ' niuluuide of corporations; and hu stimulates I i the people to become more watchful in their | several States, to cheek tins spirit of monopo. , ly. To invigorate their fortitude, he tells . | the people Unit it will inquire steady and per . j severing exertions on their part, to rid them- C selves of the inhjuiti. and mischiefs of the r paper system, and to check the spirit ofmo , tiopoly. They nuts', not hope that the con-, , i (lid will in a short one, nor success easy. i His humble etlurts have not been spared dnr- ! , mg hi?administration, to restore the constitn i tional currency of .old and Silver; and al-j though lie has bevn able to do something to- | . wards tlie accomplishment ol that object (.or ; )/e: n m tics to require gill the enemy and 1 • perseverance of the (ample. ' Such, Mr. 1 resident, are the prools and ■ the argument on which I rely to establish the I second and third propositions which I have I been consiu'-ring. Are they not successfully I • iminuincd.' Is it possible that any thing I con.d be more oonclus, vo on such a subject. ! ' 1 p-'.-s to the consideration of the fourth 1 ‘ j ptopoßiiiua. i T I'-iat the present Adm.lustration, by I act,now lei g-meuts emanating from the higli i es and mast authentic source, has succeeded ; to i be principles, plans, and policy, of t.lio , oreceding Admtmslralion, iu.J stands solemn ly pledged to complete and perfect them, cIIKu.NICM-; AM) SK.MTM'M. AIJ«i;STA. .Saturday Morniiis. March 111, So many names have been recommended as suitable Id be supported fur members of Council at the election on Monday nest, many of whom j have declined, that wo have been induced to make out a list for each Ward, of those who may ho considered candidates. Should there he any names published in this list, who decline nerving, if elected, they will please give us notice in lime to make the correction for our Mon I day’s paper. Should there be any omitted, it is desired that their names should he handed in before that lime, us we desire to present on Mon day morning a correct list of those, from whom i the citizens arc to chose members of Council for the following year. irnni Xu. i. CAKF/i u. PARISH, PHILIP CRUMP, WILLIAM L, JACKSON. mitciikllnelsdN. RICHARD F. RUSH, IVarJ Xo. J! II WARREN, A CU.MM UNO. JOHN DON US, s M THOMPSON, M M DVD, /Vflrd »\ u . ,‘j. U. 13. KIRTLAND, U. H. COOK. A. G. DULL. W. G. NIMMO, IS. \V. FORCE, ff avd Xu. 4. C. 11. HITT, 1-. P. DUGAS; A. J. MILLER, JOHN HILL. WM 1’ DEARMGND. In the People’s Press of yesterday wc find a i long editorial article in reply to a remark of ours, that wc believed the editor of that paper to he in favor Doth of a national Hank and the Sub-Treu- j miry. In our Monday’s paper we shall take, oc casion to reply to such portions of it as wc deem necessary, and lit the same lime vindicate fully our own position and opinions in reference to the questions now Signaling tho country. Mil. Waltos, the Whig candidate, was, oii the :17th inst. elected Mayor of the city of Mobile. The vole stood as follows: Walton, (W.) SC(i Pagles, (V. Li.) 5311 The New Orleans Dec on the 20th inst. says ; “ The arrival of the Spanish Tobacco Mulata, brings confirmation of the intelligence that Gen. 'Paeon, so long known as the inflexible Governor of the Island of Cuba ban been recalled and su parcelled in office by Gen Espaltero. The pre sent incumbent, wo are told, has quite as stern a sense of duly as his predecessor, and is determin ed to execute to the full those salutary ordinances which have frightened from Havana a host of knaves ami cut-'hroats, and made it a peaceful and secure city.” ’The following loiter Irom our correspondent was received on Thursday morning and is pru r ii it its dale to the one published yesterday. It I was omitted yesterday through accident. Wo received nothing from Washington ycsler njorying by Express Mail. WASHINGTON, March 23. . disposing of some minor In Hie Senate, an- , ■ , ... ‘Uc sub-i rcasury business, the consideration Hill was resumed. Air WALL rose, and spoke live hours ‘ il " , vor of the Hill, and especially in vindication of his course in opposition to the resolutions lately sent to Congress by tbo Legislature of New Jersey. Mr WRIGHT said ho should ask and urge that the question on this bill should be decided 10-nloriu<v j and, on his motion, the Senate ad journed. In the House of Representatives; Mr Mclvecn offered a resolution, flxing Monday next, at t .vo o’clock, lot tho choice of a Doorkeeper, vice Overton Carr, /Ay. deceased. Mr LEWIS WILLIAMS moved to postpone i the consideration of tlio resolution until next | Monday week. I Mr \\ . COST JOHNSON, suggesting ilia i the Committee on Accounts intended to make some proposition regarding the Police of the House named next Wednesday. Mr BOON proposed to postpone the further j consideration of the resolution until tho first ; Monday in December hbxl. 1 Mr CAMHERLENG, from the Committee of j W ays and Means, reported a hill to authorise the ; issuing of Treasury Notes. Pho Bill authorises an issue to the amount of leu millions of dollars, in notes of no smaller denomination than one hundred dollars, payable | one thiid in twelve mouths—one third in eight I ecu months—and one ihircl in two years after the dates at whicli they were issued; ami to j bear interest from said daily, not exceeding six j per cent per annum. Tliis Hill being load twice, Mr Camhrelcnj* j said that a report accompanied it, disclosing the j necessity for tho adoption of the measure recom- I mended, and this report, with the bill, lie moved to have referred to the Committee of the Whole, and that both he printed. Oiddrcd accordingly, MrSLRGEANI presented a report of the views of the minority of the Committee of Ways ami Means, in relation hi the sub-Trcasuiy ; Bill. Jfo moved its printing abd reference to tho Committee of tho Whole, to which that ol i ‘he majority had already been rcfoired. Which j was refened. Mr HINES, of Virginia, moved that 10,000 extra copies of each report be printed, which mo i Don prevailed Mr N\ HI 1 PL USE V, of Ohio, from the Com | mitlee of the Whole, reported against the peti i lion of inhabitants el St. Augustine, for rcmunc ■ ration for money expanded on fortifications. | Also, against the petition of Lieut. W, Scott 1 Ketelmm. i On motion of Mr CHAPMAN, it was re solved, that l lie Coiiiniillec of Claims be tnstruc led to inquire into IDo expediency of paving Die late Governor of Alabama, and his stall' for the i lime they were actually engaged in obtaimim O • organizing, mustering, and marching volunteers . in the year 1836, in consequence of the distur bances with the Creed; Indians, and for expenses incurred in (hat service. The resolution of Mr W. COST JOHNSON, in relation to (lie subject of public lands anil public schools, and upon which lire mover had occupied the floor for several days, coming up in order, Mr LA WLER, of Ala. took (he floor in re ply to the remarks of Mr Johnson, and occupied it till the expiration of the morning hour, with* out concluding. The SPEAK LIU laid before the House a let- | ter from the Secretary of War, in reply to the I resolution of the HouAe of the 19lh inst., calling j for a copy of the answer to a. letter of Gen Jesup of the 20lh December, 1837. The Secretary states, that the letter of Gen Jesup did not, in the opinion of the Department, require any reply, and consequently was not answered. Also, a letter from the Secretary Os War, transmitting copies of paper.- relating t-> the title of the Uniled States to Friend's ore hank, near Harper’s Ferry, required by the resolution of the 19th inst. Also, a letter from tho Secretary of War, transmitting a report from the Committee on Indian Ali'uirs, accompanied hy copies ol a con tract made between (ten Jesup, certain Creek ‘ Chiefs, and .1. C. Watson & Co. Also, a letter from the Secretary of the Trea sury, I'ranstfl hung a report from the Director ol the Mint at Philadelphia, containing the inhu mation called for hy the resolution of the House of the sth inst. relative lo the cost of erecting and establishing life principal inint and its bran ches, fixtures, Ac. The hill, making appropriations for the civil | arid diplomatic expenses of lire Government for (he current year, again came up for considera tion, atLamehded in Committee of the Whole; j and the ieinaindei of the Jay was sperll in pro i ceedings upon that hill. The London packets, lately arrived lit Now i York, are said to have brought ol the following amounts of gold, in sovereigns:— Ship Toronto $96,000 Ship Ontario, 90,000 Ship Westminster, 140,000 Total itmouHl, 333,000 Front Mexico. I.y Ihe arrival of it vesssel at New Orleans on the 3fith from Malaihoras, dates to the 13th inst. have hern received. The following items are from lire New Oilcans Slips. •‘The Mexicans continue their threats of inva ding Texas; and have transported sortie cannon across the Kio * irande, with the avowed intention ■ otcarrying their threats into execution. ■ ‘-Several of their vessels of war had arrived from Vera Crus, with clothing, money, Ac. lor the troops stationed dl Miitamol-as—and immedi ately returned without even intending it hldekilllb of the ports of Texas. 'i'he U. S. sloops of War Bbstoti, Cuiicord aild Natchez, accidently appeared oil" tile mouth of the Rio Grande, a few weeks since—which cir . cumslance (connected with the lad of the ship of war Constellation having passed two days pre vious,) created quite an excitement among the Mexican soldiers, who were ordered forthwith lo the mouth ol the river for the purpose of repel ling a supposed invasion hy the “ audacious Ame ricans’ —hut soon relumed without having an op portunity lo display their bravery. [COM.MUMIC.ATKI>.] Theatre. Mn Editor.—Sir; I understand that Mr- Fuamclim- takes his farewell Benefit this eve ning- Permit me to suggest through your pa. per lo the Ladies and gentlemen that he is dese v ing of a bumper. Mr F. has been a long time , ''ill* os. a»d has ever been nr xious to please Ihe. i -on' *l‘ c Drama ; ihereforc let us show pau, him that v» " 1 ' 11)1 r S ct our acquaintances. ... , c , . . (.''lent, as can be seen hy the His bill of fare is e-. u J , T . ,'i'ler , in which his hills of the day, viz : El beautiful and well trained horse w.V 1 llJ l )cur > un< i v f*Q r a farce tailed Phrenology, written cxpre’ b *. the otaasion by a gentleman of Ibis city. l.e. us go and sec binl. JUSTICE. [co.vißuncatko ] Mr. Jdfrks —In the ordinary course of business yesterday, I took one of those Fifty Cent bills dig nified by the name of “Shin plaster,” ahd which entitles the bearer lo a ten mile ride oii the Rail Road. On the back of the hill was written the following passport, which is ot yotlf sfcrvite, if you think proper lo publish it ; if not, it may go on as tar as the hill goes, and it will convey its meaning as long os the bill lasts. “Go, ragged wanderer, through a world of care, 1 dare, not keep thee longer if I could, Lest, when I wish’d to spend thee, I should hear Some horrid tale of thy not being good: I now believe, what I have oft been told, That thou art what is meant by Jackson gold.” Leo. MM ITMIfiATED.] Mr. Jomks—V our editorial I his morning, (39th inst.) subjoining a resolution of the City Coun cil, “ requesting” voters, at the ensuing election, to endorse their tickets, salary or no salary comes so just on the election that there is no lime for a fair play discussion. The object of this communication is to suggest to the voters to suss pend their votes our more year, so thai there may he a sufficient time for discussion and inter change of sentiment. I am one, sir, who takes no part in the question, mb! do not know the policy of those who hKtbght it out at this pecu liar lime, and am dele.mined to vote a blank ticket. S- Extract of a letter, dated Watson’s Grove, Green co. 7 March, 27, 1838. 3 “ The week past has been fine for the farmers, and the most of them about hero have finished planting corn. There is but little said about cotion, ami I ilriak some of the planter swould as sooti plant their ground in pea nuts ns cotton—l have ho idea, myself, of planting a seed ot cotton.” I remain, as ever, Your obd’t. serv’t,” From the V. J - . Express. Varrh ■"< MONEY MARKET CITY NEW A •Saturday, I*. M. The Board of Trade on Friday night, in a ve ry full meeting, resolved, in substance, that the charges against the Phenix Bank had hern full,. sustained, and that it was the duly of the Legis lature to take away the charter. This resolution passed mill great unanimity, ami much summer measures proposed, liut for the present this was | considered to be all die expression of opinion (hat I was necessary., Hills on England exceedingly dull. Southern Hills on London oli'ered freely, without (hiding • buyers at IClf).}. The best of Bank Bills at 106. i The prevailing sentiment is .that the rate must come to 104. STOCKS. j Saturday, P. M.—The week has closed with i unusual depression, indeed there has been but vo- ■ Iry little rally from the commencement. Dela ware has declined one or two per cent. All R dl j roads are dull. Pbenix Hank also declined. The \ fate of this institution is still suspended. I 11, WUfl -11A Jt lIV E INT E L LIGENGE. BAV \N* \ All. March 29. t lemcrl, /ii* ship Thomas Hold, Long, Liverpool: ftr bark Pearl, Fletcher, do. Arr, brig Kosciuskf, Duel, Boston: steamboat Oyle iharpe. \i oou, Augusta; Uherokie, Morris, do. \V cut to sen. ship Newark, Dunham. N V and Boston, Ur hark Pearl, Fletcher, Liverpool. CUAHLI-.d i ON, March 1.0 Anived yesterday brig CmistiUltiuii, Green, Philadjlpliia, schr Daniel, Tripp: Wilmington, M C, Jubilee, Tucker, lilack (Tee* 3 dim: U S steamer Andrew Talbott, Thatcher N X. Cl'U, Ur barque John Anderson, Foster, Liverpool,' brig Arabian, Gardner, Antwerp: selirs Medium. Ma gee, sit Augustine, ( unene). Hinds, Havana Went to sea, Line ship r-aluda, Morris Mi V, suin' Ves per, Urown, r-t Augiisliae, . ■ eiSfanos.i,v..r,.-.. I ■—M—MSWSSTM. • ~ Ladies’ W orklug Society. • (IT/'The “Ladies Working Society ot the Pres, byteiian Church in Augusta,” will hold a Pair at the Masonic Hull, on Tuesday, the 3d day of A[iril next, when a number of useful and fashion* ble articles of their own manufacture will he exhibited for sale. The Society was formed for the purpose of Jn general benevolence, as may be perceived by the | following extract from its Constitution : j “J he object of (his Society shall be, to afford j relief to the sick poor of the city of Augusta, und ESS I its immediate vicinity; and to promote as far us PI practicable, the education, morals and physical comfoit of Indigent chtldien within the "same limits, especially by co operating with the Hoard ol Direclois ot the Augusta Free School, in sus laitiing and carrying forward such plans for the improvement of the Female Department of said school as they may deem expedient, and proper to adopt.” I lie purpose id the Society being to Jo good f° the sick, the suffering and the helpless, who, in their iinnTediuic vicinity may need their assis tance, they have little, doubt that their object will so commerjil ilsell to the community, as to secure L to tlieir efforts a liberal patronage, especially ar* e in the pleasant trade it invites; both buyer an, * seller arc co-operating in the important cause el j|»£ benevolence. March 8. HANK STATE OP GEORGIA. Branch at Augusta, } ■ • March 31st, 1838.( i iff"’ illf' Hank will he closed on Monday next, 2d S April, being the semi-annual settlement day. '' Persons having paper payable, or other business i with the Hunk, oh that day, will please attend to it tin's day. . * HENRY, Cashier. march 31 ‘Jt to I KAY ED, from, the subscriber’s wagon, on 8 Hr die niglit el’ Bill) March, 10 or 12 miles below fl Augusta, on the Savannah foad, a dark brown mouse Colored MULE, about,3 years old, middle sizo 1 reached inane, xvilh a scar under the right eye, re ceived the first riMy jin was put to work, say three 9 weeks since, and quite a small one on his nose.— 9 Any inrpflnation of the above described animal will 9 be llirtnkliilly received, or any reasonable reward w ill be paid ori delivery of the same to the sUbscri- 9 > her in Burke county, hear Wlivncsltorough F mar 31 ts 3AS. Vs. JONES. | IN consequence ol'liaving been burned out by the 9 late firo, the subscriber ran hares jter be found % until nonce to the contrary, at the store of Robert 9 > Lambert & Co. EDWIN SNYDER. § i march 29. 3l B- jj'A.V NOTICE.—We will attend at the offic E Aol.l W Meridilh, I'.s p, from the hours of 1 ) B AM,toll’ M, on Tuesday the 27th inst., andou B Tuesday 3d, and Tuesday lOrh of April next, and P at the Eagle At Pkoen x Hotel ou Wednesday llm I 28th inst., and on Wednesday the 4th, and on Bed- II nesday the I Ith of April next, and at the Globe Ho- || tel on Thursday the 39th inst, and on 'Thursday the II . ! mb. and on Thursday the 12th of April next,and || iat the Richmond Hotel on Friday the 30th inst; anil II .. |on Friday the Cull, and on Friday the 13lh of April II i next. For the purpose of receiving the Tax returns II ■ tor the year 1838, and ot collecting th'e Taxes duo II . i for the year 1837. il COSBY DICKINSON,iItr R ( . \ 3 WILLIAM KENNEDY', -rcac. II . march 21 sw9l | V LEAKY’ & Co’s. HAT WAHE-ROOMS II ■x No. 3 Broad streol, and 4As tor House II ’ ] «p| j Broadway, New York. The subscri- || 3 hers, for several years past, have had || ArpS® many and urgent solicitations to supply II I orders at wholesale, and have been II 1 obliged, almost uniformly, to decline, in oonsequenen II |»i the demand at retail being as much, and m many II j instances more, than they could meet. IB In establishing a branch sales room at the Aslot IB hJ''" 0 ’ !* became necessary to enlarge their finish- IB ing esi J IJ ‘ l ' ,f,^iment ’ am ' j ll doing so they have made IB Kncli orr-nv. ns will enable them to supply t< v IB Sited extent wholesale ‘ ' I Their sales must in .3 .•, n^ sllr f be united m con- IB sequence oft-heir determination er . e 6tric, b l,) II ‘ the principle heretofore pursued, ui Keeping no stock II i ahead, which regulation Ims been oi?‘ ! means ol |B i giving them the advantage over the largo find re*- ■ I peclablo houcss, in being in advance with thJ f is ' v ' ■ ions, having no old stock on hand to deter them B 1 from anticipating the wishes of the fashionable ptm B f lie tor a change when called for. 9 , Kach and every hat will be finished expressly for their reruil trndv, and orders at wholesale will be ! taken from thorn, without any selection, except of ffl sizes. By this means flic retail dealer will receive *B the full benefit of our facilities arid exertions in • , bringing forward the latest and most approved B fashions. isl Having allairted their eclobr ly not only by fm sB f nishing a superior article at a reduced price, but by gB a strict adherence to a syslcm peculiar to them selves and novel in this country, they would avoid* any thing m making this arrangement that should’ interfere with licit systpu . LB Selling But o>tiB quality of hats, and the greater He part of our customers being counuoisseurs of the article, whose nice discrimination can detect the jS?' , least defect in ils quality, beauty, or general chav actor lor true taste, wo propose supplying that pan ’V ofthe wbolosalo dealers with an assortment intended B$ for their most particular customers. Wo shall not GB ’ take orders lor hats varying in qual'ty or style from , those retailed by us at the time the order iff received . i LEAKY & Co., for the information of those unacquainted* wilfi itA I be reputation of their establishment, they abnex S ilia following editorial leniarka from iho I.ondon M Morning Herald : j ” 1 he progress wliieh tho Americans have matte 3m in srvoral branches of manufactures is really as- B ; lonishing. A few years ago there was not n hattet in the I idled States who could mane a hat fit to be |B worn by a well dressed man, and consequently all 41 bats of a superior (|ualily wtire importod irom tins country A great change him taken place. YY " (B have stcn a specimen of gentlemen’s lints mann 9 taclured by Loaty At Co of Now York, which on w dqual. if not superior, holh as respects shape and (piaiitily, to the very best made in any part ol this country. Although the materials are chiefly sen l v B Ironr Kn’gland they arc sofa, retail, about one-third' H cheaper than in London.” march 38. swim B HIRE,—Four or five Negro Boys. i ■ Also, about tho same of w omen and girls. Apply to D.L. HOLLIDAY I .fan B» 7 if ■ jVTGTK.'K. —All those indebted to the estate of 9 La .lolui Willingham, late of Lincoln county, de- >1 , ceased, are re: j nested to make immediate paymeuV * and those having claims against the same to pie* IB sent them in terms of the law. 'B ISAAC WILLINGHAM,) . , , ■ NELSON GARRETT, S 1 March .ith, 1838. mar 23 w6t ' J 4 < HtKEABLE to an order of tlie honorable the LJ j » Inletior Court of Richmond county, "ill be sold on the first Tuesday In May next, at the Court E® 1 House at Elnenon, Ca R* A house and lot m Petersburg, Elbert county. belonging to the estal ■ A. Graham, dec’d. f-Ss march 2 HM. M D' ANTIG.N AC, uditi'r. mar A 51 11