Chronicle & sentinel. (Augusta, Geo.) 1838-1838, April 19, 1838, Image 2
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Mr. WESIiTEH’S SPEECH ('outin lied .
Sir, I will push these questions no further,
but I tell yon that it was fur exactly such n
crisis as this—for this very crisis—for this
identical exigency now upon us—that this
constitution was framed ami this government
established. And sir, let those who expect lo
get ovorthis crisis without effort and without
action, let those whose hope it is that they
may be borne along on the tide of circumstan
ces and favorable occurrences, and who re
pose in the denial of their own power and
llioir ow n responsibility—lei all such look
well lo the end.
For one, I niiend In dear myself from all
blame. I intend this day, la free myself of
the responsibility of consequences by warn--
mg you of the danger into which you are con
ducting our public a flairs by urging and en
treating you, us 1 do now urgu and entreat
you, by invoking you, an I do now invoke you,
by your love of country and your fidelity to
the constitution, to abunlun nil untried expe
dients; to pul no trust in ingenuity and comn
vance ; to have done with projects which
alarm and agitate the pcoplo, to seek no shel
ter from obligation and duty; but with manli
ness, directness and true wisdom, to npjdy lo
the evils of the times the r proper remedy.
Tho Providence may guide the counsels o!
the country lu this end, before even greaier
disasters and calamities overtake in, is my
most, fervent prayer!
Mr. President, on the stilj ct of the power
of Congress, as well as on other important
topics, connected with the hill the honorable
gentleman from South Carolina has advanc
ed opinions, of which 1 feel bound to lake
some notice.
That honorable gentleman in his recent
speech, attempted lo exhibit a cmitrai-t bo
tween the course of conduct which I and oth
er gentlemen who act, with me, tit prei out pur.
„ue and that which we have heretofore follow
•id. In presenting this contrast, ho said, he
intended nothing personal ; lus only object
was truth. To this I could not object. The
occasion requires, sir, that 1 should now ex
amine his opinions ; and can truly any, with
him, that 1 mean nothing personally injurious,
and that, my object, also, is truth, am) nothing
vise. Here I might slop, but 1 will even say
something more.
It is now live and twenty years. • Ir, since I
became acquainted with ike honorable gentle
man, in the House of Representative o , in
which he had held a seat, I think, about a year
and n hull before I entered it. From that pc.
nod sir, down to the year 18tM, 1 cun say,
with great sincerity, there was not among my
pahiical colemporaries, any man for whom I
entertained a higher respect, or warmer es
teem, When we first met, we were both
yeuug men. 1 beheld in him a generous
diameter, a liberal and comprehensive mind,
engrossed by great objects distinguished tal
ent, ami, particularly great originality and
vigor ol thought. That ho was ambitious I
d-d not doubt; but that there was any thing in
h>s ambition low or sordid, imy thing approa
ching to a lovn oft lie mere loaves and li.-hes
of office, I did not then believe, and do not
now believe, it, from that moment down lo
the limel have already mentioned, 1 dillered
witti him on the great coiulilntioiial question,
1 do not know it.
But in 1821, events will known lo the Sen
ate separated us; and that separation remain
ed, wide ami broad, until the end of tho mem
orable session winch terminated in March.
1833. With tin* evf'ots ot that session, our
occasion of ditllronco hud couf'Mi certainly
for the lime, and, us I sincerely hoped, !ei‘eV
or. Before the next meeting of Congress, tl.o
public deposited had been removed Irom then
lawln 1 custody by Iho President. Respect
ing this exercise of the Executive power t.'.'e
honorable gentleman mid myself entertained
tho sumo opinions, anil, in regard to subsc
qnunt transaction connected with that mid
growing out of it there was not, so far as I
know, any diflorcnco of sentiment between
ns.— We looked open all these proceedings,
but as eo many efforts to give to the E.voces j
tivo an unconstitutional control over the pub
lic monies. We thought we saw, every where
proofs of a design to extend executive million- j
tv, not only In derogation id' the just powers ul
Congress; but to tho danger of the public liber
ty. We acted together, to check these designs,
and io arrest the march of Executive pre
rogative and dominion. In all this we were
bu'. co-operating with many other gentlemen ]
hero, and with a large and intelligent portion j
ol the whole country.
The unfortunate result of these Executive
interferences with the currency hud made an
impression on the public mind. A revolution
seemed in progress, and the people were com
ing in the.r strength, as we began to think, to 1
support us ami mir principles.
In this stale of tilings, sir wo met here at
the commencement of the September session;
but we met. not as vve had done; we met,
not ns we had parted. The events of May,
the policy oflhe President in ralerenoe to those
events, the doctrines of the message of Sep
tember, the principles and opinion winch I lie
honorable gentleman, both to my surprise and
to my infinite regret came forward them to
support, rendered it quite iinposs.ble for os to
act together for a single moment longer. To
the leading doctrines of that message, mid lo
ihe policy which it recommends, f felt, and
still feel, a deep, conscientious, and im-eoncil
able opposition. Tho honorable gentleman
supported, an I still supports, both. Here, then
we part. On these questions of constitutional
power and duly, and on Iheso momentous
questions of national policy, we separate. Ann
so broad and ample is the space which (li
vid s us, and so deep does the ihvisum run,
touching even the very fonndutons of the
government, that considering the limn of life
to which we have both arr.ved, it is not pro
bable, that wears '<> meet again. 1 say tins
with unfeigned and deep regret. Believe me,
sir, 1 w ould most gladly act with Hie honora
ble gentleman. It he would but coma back
now to what 1 consider Ins former principles,
i bu would place himself on those constitu
tional doctrines which lie has sustained
through a lung series of years, and it, thus
standing, he would exert Ins acknuwh dgod
abihlj to restore the prosperity oflhe country
and put an end to the imschicls of reckless
experiments and dangerous innovation. 1
would not only willingly act with linn, I would
act under him, I would lolluw him, 1 would
support him, 1 would back him, id every step’
to the utmost of my power and ability. F’uch
is not to be our destiny. That destiny is
that we hem part: and all 1 can say further is,
that he carries with him the sun ■ feeling o!
Personal kindness on my part, the same heir
ty good will winch have heretofore inspired
me.
There have been three principal occasions,
sir, on which the iumora le geiwiomun lias
expressed Ins opinions upon the quo- lion now
under discussion. They are, Ins speech ot
ll.c loth September, Ins published letter of toe
3 1 November, and Ins leading speech ul the
present v.-n. loose productions me all
nisi ked w 1.1 Ins usual übilnv; the,- me m -on
• • d
‘ I ions, able, condensed, nn<i striking. Tlicy
. deserve an answer. Tosume of ihe observa
lions in tlio speech of Hoplomber, 1 in.ulo a
, reply on the day of its delivery; there arc
oilier parts of it, however, whiclt require a more
5 ! deliberate examination.
I i Mr. President, the honorable gentlcmtia
, (declares in that speech, “that he belongs to
L ! the State Rights party; that that ptrty, from
, j lltc beginning of the government Ins been
. i opposed to a national bank as nnconstitulional,
. | inexpedient and dangerous; that it has ever
I dreaded the union of the political and rnoncy
: | ed power, and the central action of the Govs
| ernnient, to which it so strongly tends, that
I | the connection of tlio Government with the
t j batiks, whether it ho with a combination of
. ; Stale banks, or with a national institution,
. will necessarily centralize the action of the
. system at the principal point of collection and
t disbursement, and at winch the mother bonk
or the head of the league of Stale banks must
, ho located. From that point, the whole syss
, , tern through the connection with the Govern
. j meni, will he enabled to control the exchang
, es both at home and abroad, and with it the
. | commerce foreign and domestic, including
. | exports and imports.”
i Now, air, this contraction between Govcrn
! moot and the banks to which ho imputes such
C j inisi hte\ oua consequences, he describes lobe
‘‘ihe receiving and paying away their notes
a- cash; and me use of the public mun y, Irorn
the time of the cclleclion to the disburse
r 1 liieul.”
L ; Sir, i! I clearly comprehend die honorable gen
, 1 tleimin, ho means no more, after all, Ilian this :
I (hat, while ihe public revenue) are collected, as
: hcreloloro through the banks, they will lie in Ihe
j banka between the lime ofcuflevlioi. and the lime
I ; ol disbursement; that, dining that period, they
| will ho regarded as one pail ol the means of bun
in , i and ol discount possessed by the hanks', and
I that, us a greater portion of the revenue is cullcc
* I ted in large titles than in small ones, llie.de largo
| cities will, of course, derive greater benefit than
; die small ones Ironi these deposited in the hanks,
t | In other words, dial, ns the importing merchants
u lin a great city pay more duties to Government
- ! than thoco in a small one, so they enjoy an ad
it i vantage to ho derived from any use which the
■, I iianks may make of these moneys, while on depo.
r ; sit with diem. Now, nr. I would he very glad
r j lo know, supposing all this to he true, what there
l isin it either unequal or unjust! The benefit is
( exactly in proportion to the amount of business,
and lo tho sums paid. If individuals in large
i cites enjoy the incidental mo of more money, it
.. is simply because they pay more money. It is
like the case ol credit on duly bond-'. Whoever
imports goods with the benefit ol giving bond lor
’ dn irs, instead of making prevent payment, enjoys
j a certain benefit; and lids benefit, in a direct
I sense, is in proportion to the amount ol goods
imported : the largo importer having credit lor a
large sum, the small importer having credit for a
smaller sum. Hut dm advantage, the benefit, or
die indulgence, or whatever we call it is. nover
' thuless, entirely equal and impartial.
I How, then, docs the collection of revenue
I through die banks ‘centralize” die action of the
i commercial system ! It seems to me, sir, the
s cause is mistaken for the cfTcel. The greatest
s amount of revenue is collected in tlio greatest
I eity, because it is already the greatest city; because
i ils local advantages, iln population, its capital ami
| enlcrprize, draw business towards it, constitute it
a central point in commercial operations, nod have
made it the greatest city. It is the centralization
. ol commerce by these just and proper causes—
; causes which must always exist in every country
; which produces a large collection of revenue in
the favored spot. The amount of capital is one
r 1 very important cause, no doubt; and leaving pub
lic moneys in the hanks dll wanted, allows lo mer
* j chants, in places of largo import, a degree ol in
cidental benefit, in just proportion to the amount
' of capital employed by them in trade, and no
* more.
1 suppose, sir, it is the natural course of things
1 in every commercial country, that some place, or
I a few places, should go ahead of others in com
inerci >i business importance. This must ever bo
I so, until an places possess precisely equal natural
advantages -' Vml 1 su Pl> olio lo °> il)Slciul
being miseliievo."h ‘ l is rul,l( ’ r L ' r ' lic comni °"
good of all, dial die. 0 *koold hoi some .commercial
j ompoiiiim, some central ‘' o i n *> 10 c.,’changes
jot trade. Government, t^’ l *ainly, shotth.
j -seek to produce ihid result l»y ij’ e bealowa! 0
unequal privileges; hut surely, nip, u vvo i ul ‘ l 1)0 n t
very strange and indefensible policy whic.!’
lead the Government lo withhold any portm.’ 1 of
; the capital ol dio country from usclul employ
• incut, merely because (hat, if employed, while all
j enjoyed the benefit proportionately all would not
enjoy it with the same absolute mathematical
j equably,
j So much, sir, for concentration, arising from
depositing the revenues in the banks. I.et us ;
| now look to the other part of the connection, viz:
I the receiving ofhank noies for duties.—How in
| i ho world does tills “centralize” die commercial
j system! Tlio whole tendency and effect, as it 1
seems to me, is directly the other way. Il coun
tenances centralization* It gives ail possible ad- 1
j vantage to local currency end local payments, 1
j and thciehy encourages both imports and exports.
! It tends to make local money good every where.
If goods he imported into Charleston, tlio dudes
| are paid in Charleston notes. Now York notes
| are not demanded. Nothing, certainly, can he
j fairer, or more equal than this, and nothing more
i favorable to the Charleston importers.
lint how would that system work, which gen
tleman himself proposes!
it his plan could prevail, he Would have the
j duties collected cither in specie, or in a Govern
mem paper to be issued from the Treasury. Ho
would reject nil bank notes whatever. If the gen- ;
I (lonian, sir, fears centralization, lam astonished :
j that he does not sen centralization in all ils ter* 1
j rors in tins very proposition of his own. Pray
allow mo lo ask, sir, where will this government
paper, in thu course of its issue and circulation, *
naturally centre ! To what points will it tend ! t
t erlainly, most cerla nly, to ilie greatest points of 1
collection mid expenditure; to the very heart of 1
the metropolitan city, wherever that city may ho. ’
’J'his is as inevitable ns tlio fall of water or the ic- I
| suits of attraction. If two thirdsof the duties he 1
collected in New Vork.it will follow, of course, 1
i that two thirds of any Government paper receiv- 1
| id lor dulies will he there received; and il will lie 1
j more valuable there than elsewhere—The value i
|of such paper would consist in its receivability, 1
ami nothing else. It would always lend, there 1
I fore, directly to die spot where the greatest dc- 1
nurd should exist foi il for that purpose. Is it
i not so at ibis moment with the outstanding Trea
iSioy notes 1 Arc they abundant in Georgia, ill
J Mississippi, in Illinois, or in New Hampshire’
No sooner issued than they commence the : ..art'll
I toward the place where they are most valued and
; most in demand, that is, to the place of the grea.
- lest polio receipt. It you want concentration, sir,
* and enough ol it—it you desire to dty up the
s nail streams ol commerce, and fill more lull the
deep and already swollen great channels, you will
act very w holy to that end, if you keep out of the j
rec. ipl ol the Treasury nil money hut such paper
. as Iho Government may furnish and which shall ■
ho otherwise redeemable than in receipt for debts !
to government while at the same time you depress j
llie character ot the local circulation.
Huch i- the schemes ot the honorable member i
' ill its probable commercial effect. Let us look at I
il in a political point of view.
Ibe honorable member belongs to (he State
rights party—that paitv professes something of
I Ml uncommon l-«\c for lihcity.an extraordinary
sensibility to all i’» i!i-as;cr-;’.and of these dan
*
I gt r , it most dreads the union ol' the political and
j money power. This we learn from the authenfi c
j declaration of the gentleman himself. And now,
oh transcendental consistency! oh most wonder
ful conformity of means and ends! oh exquisite
mode of gratifying high desires! behold, the ho
norable member proposes that the political power
of the /Stale shall lake In itself the whole func
tion of supplying the entire paper circulation of
! the country, hy notes or hills of its own, issued
|at its own discretion, to be paid out and advsno
ied to whomsoever it pleases, in discharging the
j obligations of Government, beating no promise
to pay, and to be kept in circulation merely by
being made rcceivcable nl the Treasury! The
whole circulation of the country, excepting only
that which is metallic, and which must always ho
small, will thus be made up of more Government
! paper, issued for Government purposes, and rc
! tlcemable only in payment ol Government debts.
In other words, the entire moans of carrying on
the whole commerce of the country will he held
hy Government in its own hands, and made com
mensurate, exactly with its own wants, purposes,
and opinions; the whole commercial business of
the country being thus made a mere appendage
to revenue.
15ut, sir, in order that I may not misrepresent
the honorable member, let trie show you a little
more distinctly what his opinions are respecting
this Government.
The honorable member nays, sir, that to make
this sub-treasury measure successful, and to sc
enic it against reaction, some safe and stable me*
dium of circulation, "to lake the place of bank
notes in the fiscal operations ol the Government,
ought to be issued;” that, “in the present condi,
lion ol the world, u paper currency, in some form,
it not necessary, is almost indispensable, in finan
cial and commercial operations of civilized and
extensive communities;” that “ the great deside
ra'ilin is to ascertain what description of paper
has (he requisite qualities ol being free from fluc
tuation in value, and liability to abuse in the
greatest perleclion;” tbal bank notes do not pos
sess these requisites in a degree suflicienlly high
lor this purpose.’ flat then ho says, “I go far
ther. U appears to me, after bestowing the best
reflection I can give the subject, that no convcrli
ble paper, that is, no paper whose credit rests up- j
on a promise to pay, is suitable for currency.”
On what, then, (lie asks) ought a paper curren
cy to rest?’ “I would say, ’he answers, “on de
mand and supply simply; which regulate the va
luo ol every thing else—the constant demand
which Govcinrncm has for its i ccusary supplies.”
ilo then proceeds to observe) “that there might be
sound and safe paper currency, founded on the
credit of Government exclusively.” “That such
paper, only to be issued to those who had claims
on the Government, would, in its habitual stale,
ho at or above par with gold and silver;” that “no
thing hut experience can determine what amount,
and ol what denominations, might ho safely issu
ed; hut that it might he safely assumed that the
country would absorb an amount greatly excee.
ding its annual income. Much of its exchanges,
which amount to a vast srm, as well as its ban
king business, would revolve about ii; and many
millions would thus be kept in circulation beyond
the demands of the Government.”
iiy this scheme, sir, Government, in its dis
bursements, is not to pay money, but to issue pa
per. This paper is not otherwise payable or re
deemable, than as it may ho received ut the Tren
ail ry. It is expected to bo let out much faster
than it comes in, so that many millions will bo
kept in circulation; and its habitual character will
be at or above par with gold and silver I Now,
sir, il there is to he found any where a more plain
and obvious project of paper money, in all its de»
fortuity, I should not know where to look for it.
In the first place, sir, I have suggested the com
plete union which it would form, if it were, in
itself, practicable, between the political and the
money power.
The wholn commerce of the country, indeed,
under such a state of law, would he little more
than a sort of incident to ’l’reasury operations—
rather a collateral emanation of the revenue sys
tem, than a substantial and important branch of
the public interests. I have referred, also, to its
probable consequences, upon that which the gen
tleman regards as so great an evil, and which he
denominates “ the centralization of commercial
action.”
And now I pray you (o consider, Mr. President,
in the next place, what an admirable contrivance
this wulod hr to secure that economy in the ox.
pcnscs of Government which the gentleman has
so much at heart. Released from all necessity of
taxation, and from the consequent responsibility
i to the People; not called upon to regard at all, the
nu j >lllll of annual income; having an authority to
cause 7'fcasury notes to issue whenever it pleases,
“hi mull, ’ Ul ' l!s > like which the populous North
’’.Hired new.” hcr IVo2en lo 'ns, to puss
Ul„ 'o.onlio i ,41,a ! ,: ”
what'admi festr*. ' nt , w0,,1d bo on
** nv doulu ’ sure would assurance
Government, n. * ™ ' nemlilures would he
be made for n, that . * cx i ~.i • i- , ,
strictly limited to the alls '>l uto “■ *
wants and demands of the pJ’bJie se. .
Hut, sir, fortunately, very lorlu/'alely,, *" ,*
so wild, and which would be so nru‘ cll * evou ’ -
totally impracticable. It rests on an a?s umptioi.,
for which there is not the least foundation, cither j
in reason or experience, It takes for gram:’* l j
that which the history of every commercial state
refutes, and our own, especially, in almost every
page. It supposes that irredeemable Government
paper can circulate in the business of society, and
be kept at par. This is an impossibility, Tho
honorable gentleman njecls convertible bank
notes, which ore equivalent to specie, since they
will always command il, and adopls, in their stead,
Government paper, with no promise to pay, but a’
promise only lo be received for debts and taxes;
and ho puts forth the imagination, asl have said,
so often and so long refuted, that this paper will
be kept in cumulation in the country, and will he
able to perform the great business of currency
ami exchange, even (hough it exist in quantities
exceeding, hy many millions, the demands ofGo
vernment.
If it ho necessary, sir, at this day, to refute
ideas like these, u must bo because liic history of
nil countries, onr own included, is a dead letter to
us. Lven at the very moment in which I am
bj caking, the small amount of Treasury notes
which has been issued by Government, hardly a
lit.h part of the ordinary annual revenue—though
those notes hear an interest of five per cent,—■
though they arc redeemable in cash at the Trea
sury, at tho expiration of the year—and though,
in the mean lime, they are every where received
in Government dues, are not only of less value
than specie, but of loss value, also, than the Holes
of non sperm paying hanks; those batiks whose
paper is !aily denounced here as “rags, filthy
rags, In my opinion, sir, tho whole scheme is
ns visionary and impracticable as any which the
genius ol project ever produced.
-Mr. President, toward the close of this speech
ol September, 1 find n paragraph in which seve
ral other subjects are brought together, and which
I must a,-k permission to road.
H a\ing com mended the wise and noble bearing
jof lhe little .“ate rights party, ol which he says
| it is his pride to be a member throughout the
) eventful peiiod through which the country has
j passed since 181 M, he adds:
"In that year, us I have stated, the tariff system
triumphed in the councils of the nation. We
1 saw Hs disastrous political !>eariiigs; foresaw its
; surpluses, and the extravagancies to which it
| would lend; we rallied on Hie election of the late
j President to arrest it through the influence of the
j Kxcculiio Department of iho Government. In
this ivc tailed. \V e then tell back upon the righ's
ami sovereignty of the Slates; and.hy the action
of a small but gallant otale, and through the po
lenrx ot Ms interposition, we brought ihc system
to th“ ground, eustained, ss it was, hy the Oppo-1
I I sition and the Administration, and by the whole
; power and patronage of lire Government.”
> Every part of this most extraordinary statement
• welljdeserves attention.
; In the first place, sir, here is an open ond di
rect avowal that the main object for rallying on
• I General Jackson’s first election, was to accom
i plish the overthrow of the protecting policy of
f j •he chuntry. Indeed! Well, this is veiy frank.
1 lam glad to hear the avowal made. It puls an
• end to all suspicions.
7’o he continued.
, —wmmpmea m ■nun man mmi hum_iu_i__u
\ CHRONICLE AND SENTINEL.
. AUftPSTA.
Mi a rat) ;i y Morning, Apri ly.
i dj* The Express Mail from the North failed
1 entirely yesterday.
. The Hon. C. E. Haines, declines being a
• candidate for Congress at the apprbaching elec
tion.
From Havrei
The brig Eurotas, Capt Kohliiiis, arrived at
! Charleston on the 17 inst. from Havre, having
1 left that port on the 3d ult. She brought nei
ther papers nor letters, her destination not being
determined when she left Havre.
i
Interesting to Pensioners
, We are informed that the agent for paying
I pensions for the slate of Georgia, has been dircc
j ted under the law passed by Congress on the 9th
i April, 1833, not to pay any pensions which are
I not presented for payment within eight months
from the date when they became due and were
payable. Such as neglect calling for their pen
sions as above will have to receive them at the
Treasury U. H. Washington, D. C.
The Richmond Enquirer states that “Gen.
Scott has been ordered South with authority
to take the command of 7,000 men.”
We learn, that the following schedule em
j braces the number of troops, which it had
been contemplated to call out, in order to look
down all opposition at once. is sound econ
omy to nip hostilities at once in the bud :
Tennessee, 1,480—2 Regiments.
Georgia, 1,480—“ do.
Alabama, 1,480 —" do.
North Carolina, 740—1 do.
5,180
Regulars, 2,20 0
7,380
[roll tux cmiuNiCLe and' SxsTtNfci,.]
My Northern llonic;
HV CILIIF.UT C. lUCE, ESQ,.
Written in the highlands of Tallraforro county’;
Slate of Georgia, Aptil 1338.
Reside this Southern mountain's base,
Reclin’d beneath a forest pine;
On (his lone spot—a lovely place,
I fondly think on thee and thine.
The hour in mellow beauty plays,
And calls to mind the hours I’ve known,
1 ’Midst rural scenes, in other days,
On lliy glad breast, my Northern Home.
» Then pleasure gave her rosy bowl;
- And health was glowing on my brow,
j. Then Fancy’s spell was on my soul,
j And nature smil’d ns sweet as now;
Thfcn kindred-love and home's caress,
• And Kate and Frichds were near to me,
• But here in feeble health I press
A woodland scat, from these and thoo,
i Yet hence with care and pain ths while—
> A scene like this the Muses own,
j. My heart partakes the general smile;
And with it hails my Northern Homo.
, *******
1 God bless Ihco e’er my own bright land—
’ When I no more this scene may view,
My ardent love with fancy’s wand
i 81mll bid it rise to think on you.
J GooJ Eve! thou waning Southern hour,
b Whence cV: mj’ wand’ring footsteps roam,
“ I’ll ne’er forget thy be' ut J’» P^’f—
, Good Night! my Northern rlpmei'
COMMUNICATED.
i Phrenology.
Mu.* Ent to it —I was somewhat surprised to
find the ‘Phrenologist, &c.' so wrathy this
ino.-ning in jour paper. Instead of thanking
me for be opportunity I gave him, of explain
. , -Tr easurer of the Augusta Bcnovo
ingwhytnu °
lent Society, h. IJ ' e ° ClVeJ noth,n K iVoni tb ‘ !
benefit he oflered he m ° ,hc ‘ 3a S e
communicant’—invites •*“ ,0 ,nvesti S ate his
science, and even chall«. t , “ 1 m °’ wi,h my
‘small organ of wit,’ and yet sman, ° r *’ an °^j us
tice, to a public discussion [on a. l '*l’ art
k | f
ment ot science connected with Phreno. ’
Really Mr. Editor, in such a debate I wo. (
have nothing to gain with such an opponent. A
man who has the bump of punctuality ‘extra
laige,’ and who proves his infidelity by saying
‘I think,therefore I exist,' is too much for one
who has a small 'organ of wit, and yet a smaller
organ of justice.’
1 cast no imputation upon his character, it
Was inadvertantly doho at the meeting of the
Augusta Benevolent Society, and the ‘Phren
ologist, dec.’ ought to rejoice that he is called
out with his explanation; if he is satisfied with
it then the members of the Augusta Benevo
lent Society, and tho 'l.adies free of charge,’
have nothing to say, unless indeed their he
ncvolcnce compel them to make up the loss ihe
‘Phrenologist, dec.’ has sustained.
I believe, Mr. Editor, that the braih is the
material orgen of the mind, and that consequent
ly there is a foundation for Phenology; but
from the so called science of it as is practised in
this city, especially as it leads to infidelity,
materialism, cdc. p!easo spare me.
I sign myself as I did before,
•Vo Phrenologist.
COMMUNICATED.
Attention!—Augusta lloncvolent .Society.
As Doct. H. Oollyer, Phrenologist, dtc. (per.
haps cousin-Germau lo Doct. Williams, Oculist,
Eye Ball maker to all the Majesties of Europe,
&c.J has clearly proven that you arc indebted
jto him f 5 12$ cents; this too ‘independent of
Ji/iWoi' of time in pieparing and delivering i
the Lecture.' All you wire have not yet hail
your bumps of humbuggery felt by the DoctoK
will please call at once at the Masonic Hall, or
else the Society may be sued for the debt of
this benevolent, voluntary, and unheard of
liberality —only to think‘of the loss of time in
preparing and delivering the Lecture, indepen
dent of the money $5 12$’!! Prodigious!
Member of Augusta Ben. Society.
NEW YORK, April 11.—The business ot
the Stock Exchange to day has undergone a de
pression in nil stocks of from 1 a 2 per cent. U. S.
Bank has fallen 114 per cent, from the prices of
yesterday; City Bank 1 per cent. Delaware and
Hudson show a decline of 2 per cent. N. J. R B.
also 2 per cent. Harlacm, Stonmgton and Uti
ca have also declined 1 per cent. Sales of Trea
sury Notes establish the declifie of l»i discount
which we noticed yesterday. This is probably
owing to the antagonist position assumed by Mr.
i Biddle to the New York banks with regard to the
. resumption. The quantity of Treasury Notes in
the market has been the chief cause of their de
cline. Exchange on Philadelphia is at 6 1-2 per
cent discount—on Georgia 9 1-2—and, on Mis'
aissippi, God only knows what.—vV. Y. Herald.
Spring Races of the Jlillcdgeville Jockey
Club.
The Spring Races of the Milledgcville Jockey
Club commenced on Tuesday the 10th inst. and
resulted as follows ;
Ist Day— Colt’s Sweepstakes —mile hekts, $5O
entrance, and a Silver Goblet put Up by the Pro
prietors, worth $6O.
J J Harrison’s b. h. David Bailey, by Riega,
dam Mucklejohn. 11
H P Young’s w. f. Chaney Hester,
hy Hester’s Mucklejohn,darn Quick
silver, 2 2
Time—lst heal, Irn. 58s—2d heal, 2m. 2s.
2d Day— Two Mile Heats. —Purse $3OO.
Thomas Neal’s a. f. Ajarrer Harrison, by Eco
lipse, dam Gallatin, 11
G Edmonson’s b. h. Southerner, 4
years old, by Bulloch’s Mucklejohn,
out of the dam of American Citizen 3 3
Hammond and Lovell’s Bill. g.
Blue Black, 6 years old by old Vin
trutrrp, dam by Archy. 2 3
Time—lst heat, 4m.—2d heat, 4m. 2s.
Blue Black had been out of training for some
lime, and was taken Up but A few days previous
to the above rare.
3d Day— 'Three Mite HeAls —Purse $3OO.
G Edmonson’s g. h. Turnbull, 5 years old, by
Phenomenon, dam by Sir Andrew. 11
Hammond and Lovell’s g. m. Sally
Vandyke, 5 years old, by Henry,
dam by Oscar, 2 3
Time—lst heat, sm. CBs. —2d heal, sm. 575.
Mr Edmonson would not have entered Tufn
bull for this race, but having shown strong symp
toms of breaking down, for the last five or six
days, Mr, E. believed it wotild he imprudent to
enter him on the four mile day.
4th Day— Tour Mile Heats —Purse $5OO.
Hammond and Lovell’s ch. c. Gerow, 3 years
old, by Henry, dam Vixen, by Eclipse, 11
G Edmonson’s ch. m. lone, 4
years old, by John Richards, dam by
imp. Expedition, 2 2
A A Jeter’s ch. h. Henry Buster,
4 years old, by Eclipse,dam the Maid
of Lodi, 3 dist.
Time—lst beat, Bm. 37s'—2d heat, Bm. 16.
sth Day —Colts slake —2 mile heats, for the
Young Plate, worth $ 1000.
Thomas G Sanford’s b. c. Ibarra,
hy imp. Hedgford, dam by Virgin
ian, 11
Hammond and Lovell’s s. c. John
Ouedron, by old Bertrand, dim by
Precursor, 2 2
Time—lst treat, 3rn. 575.—2 d heat, Ira.
Weather during the week clear and warm —
Track very heavy and dusty.
BANK REPORTS.
Planters’ Bank.
SAVANNAH, April 4, 1838.
To his Excellency G. R.Gilmer :
Sir :—I enclose a statement of the condition «l
this institution, made up to the 2d lust, inclusive,
as also a list of the stockholders.
I am, very respectfully,
Your oh’t. servant.
GEO. W. ANDERSON, President.
Statement of the Condition. Resources and In
abilities of the Planters' Bank of the Slate
of Georgia, made up to first Monday oj
April, 1838.
Du.
Notes of this Bank in circulation—
Old emission, 23,107
New do. 240,677
— 252.684
Due to interior and other Banks for
collections, 366,1JT 38
, to Banks in general account, 136,713 23
Trt' #urer U. States, 8,631 35
1 for ?‘«t Office, 4,492 17
I “ Public office.'*. 05,886 73
: j 78,910 30
“ individual depositors, J 125 378 2u
“ for unclaimed dividends, 8,104 31
, Profits and reserved fund, 134,594 85
Capital stock paid in, 535,400
! $1,847,932 86
I I Crt.
Gold and silver in vaults, $294,784 93
Notes of other Banks, 126.985
■ Northern funds, 70,283 02
Due hy Banka, 204,987 48
“ Government of U. S. (or ad.
vance to public officers, 111,574 75
D - ti Nos exchange, 34.355 20
->d other stocks, 7.947 2(5
City at. . . 1
! Real eslatb, .000
Current expo. nSCS ’ . . 4 -°5l «8
Bills discounter! 'Unn.ng to matu
rity, . 825,056
•Bills discount in jit- <n>cnl and
seethed fiy rnorlgvC l '; 150,307 54
$1,847,932 80
•Os the above amount bt 166,307 54 ,‘hcro is
Doubtful, $15,000
Bad, 465
State of Geobuia, Chatham County. —
Personally appeared George W. Anderson, Pre
sident, and James Marshall, Cashier of the Plan,
ters’ Bank of the Slate of Georgia, who being
duly sworn, say the above rtatement is just and
true, the doubtful and bad debts ns therein stated
having been estimated by the Board of Directors
at their last regular meeting.
GEO. W ANDERSON, President.
J. MARSHALL, Cashier.
Sworn to before me, ibis slh April, 1838.
JNO. GUMMING, s. i. c.c. c.
NAMES OF THK STOCK 1101.0EltS or THE PLANT'
Elis' bask OFTIIK STATE OF GEORGIA.
.Vaines. Am't paid in. Shares. Am’t.
Academy of the court.
tv of Effingham, 80 20 1,600
Anderson, George, “ 199 15,920
[ do do 100 3 200
do Eliza M. 80 10 800
do Eliza C. " 10 800
j do Mnry S. *' 10 800
do Edward U “ 10 aoo
Jo George Ann c. •• ]q ra„
i Jo Julianna W. <• 4
Jo In trust lor Eliza C. “ 10 B,' m
Jo Mary E. “ 9 i O |J
do George W, “ 310 16,800
do Jo Jo 100 60 6,000
uo do do in trust for
MAD Sorrel, 80 10
Jo George & Son “ 32 3 fir , n
do Sarah Ann “ 5 400
Arnold CM “4 300
Almy, H C “16 1,280
Auze, Jas&Co “ 50 4,000
Anciaux, L “ 24 1,93^
Blanchard C “ ,2 jeo
Bulloch. Martha “ 12 959
Ball C , 2 1 co
Blackshcar, J H 100 2 399
Barnes, C 80 J 2 960
Boyd, E M ** i‘o 800
Barron, Ann “ 38 3,040
do do 100 3 200
Barnard, J B 80 61 4,880
Bolton, E ‘ 2 iso
do R K “2 160
do M—C Bolton Trustee “ 2 160
do James, son of John “ 12 960
do Ann, daughter of John “ U gso
Boutko, A M Trustee ofE
Smith, . , .3 240
tdo A M Trustee of E Baurko " 16 1,200
Bones, J Guafdiati “ 26 2,000
Bulloch, B and Win Gns
[ ton, Trustees 11 10 800
Barclay A “ 44 3,620
1 Cuyler, W H “ 30 1,600
Charleston Fire <st Marine In
surance Co. “ 331 26,480
do do do 100 72 7,200
Campbell, HY 80 16 1,280
Carter, Ahial 10 800
Central Bahk ofUie State of
Ga, 1,000 80,000
Colo, John D 2 160
Cuyler, R 11 80 2 160
Cramer, U 4 320
Gumming, John 13 1,040
do dp 100 11 1,100
Commissioners of Pilotage
Port of Savannah 80 61 4,880
Chevier, M 26 2,080
DeVillcrs; P 20 1,600
Demote, RJr 100 22 2,200
Davis, W and M Lufbur.
row, Trustees 80 0 720*
Davis, W and M Lufbur
row. Trustees 86 6 425
Dasher, J W tl Bulloch and
G W Owiehs, trustees 10 850
liilloh, Johh 80 1 80^
Directressbs of the Savanah
Free School Society 12 B6P
Elliott, Mary 9 720
do do 100 2 200
Fxeclitors of the Estate of
John Waters 80 100 B,ooo'
Evans, Win M 189 16,121)'
Flemming, Helen 2 160
Flournoy, Robert Willis 85 2,800
do do do 100 53$ 6,360'
do Robert Watkins 13$ 1,250
do do do SO 19$ 1,560
do John James 100 12$ 1,250
do do do 80 19$ 1,660
Floyd, Melinda 100 2 200
do Elizabeth 80 3 240.
Gaston, Wm in trust for M
Bricked 100 JO 1,000
Gaston, Wm K 90 20 1,600
, Glynn County Academy 121 9,680
Gorman Lutheran Congre
gation at Ebenezet 13 1,040
Glen, Ann 3 160
Gibbons, B 100 15 1,60<>
Gillett, W S 80 2 160
Gillett, Eliza 2 160
Ougcl, Daniel 60 4,000
Gibson, Pat 100 20 2,000
. Godfrey Win 80 15 KSOu
Habersham R. trustee 3 240
, Haig S G 99 7,920
Henry J P 20 1.600
Herb Fred. 10 800
Houston P. in trust for S
Wcodrulf 22 1,76(1
Houston P. in trust foi S
M Johnston 3 240
if Houston P. in trust for tt
i, Moodic 4 f)JO
Isaac Lucy 811 6(1 5,200'
Isaac Lucy 100 25 2,500
Isaac Lucy 85 3 170
Jones George 80 60 4,800
Jones N VV 8 480
- Jones N W, in trust for 8
e FJones 3 24)
/' Jones George, in trust sot
Sarah 3 2-iO
Jackson John J 13 960
Johnston PA 19 1.520
do E H 31 2,480
do L C 40 3,200_
do M 11 19 1,52<i
do do 100 10 1,000
9 do UR 80 24 1,920
3 do S M 19 1,529
do W I‘ 19 1,630
Jackson J W 29 2,320
Kcr James 9$ 760
0 Ker Mary 80 3 040
*) Marv 100 *^
J ' 5 500
[ | Vcr t T 'Hiisa JulieKo
1 Kollock MF 3 «> yu
do do J™
do G J 4 320
5 Lamb James 28 2,240
- Lamb James 100 100 10,000
Lawrence .1 T 80 2 160
i Lieon D Guardian 100 5 600
LeConte, Lewis 80 72 5 760
' do d<> 100 5$ ’fefiO
* Low Andrew sr SO 50 4 000
Lloyd M and M Cleland,
1 Trustees Widows’Society 10 800
I Marshall James 7 ggo
> do do 100 18 1,800
Millcn AC 80 27 2,160
• Meigs Jodi \ 320
Montgomery Jane 2 160
Mongin J D 100 100 10,000
Morcbcad J in trust for his
daughter M C 80 20 1,600
Molyneux Ejr 100 36 3,600
Minnis Hctla and Phillippa go 2 200
do do do 21 1,680
Men trey Jahn „ 40 3,200
Myers GW 2 16 0
) do C 2 jgO
IHi coll John C 60 25 2,000
IVucfvill Mary 100 1 100
, O’Byrne L and II Cassi
dey trustees 80 5 400
O’Bryno Daniel 85 2 17t>
Perry J C. H 'i’aylor guard’n 80 9 720
Pcttibone Sarah 28 2,240
Pray Ann 47 3,760
Ralston Rosetta 2 160
Rees M D 2 160
Rice Mary D 85 4 340
Rice Martha R 4 340 1
Robertson Wm 80 18 1,440'
do do 100 5 sdP’
Ross II 75 6.00 C I
Roser Henry 26 1,60.0
Richards G E 2 I*6o
do TP 2 M»
do Alex jr 2 186'
do A 2 166
do Wm 2 160
Stow E C I*66' 2 200
Sinclare E Agent 80 6 400
Smith las Guardian 160 5 500
Shaffer H S 86 5 425