Augusta chronicle & sentinel. (Augusta, Ga.) 1837-1837, May 25, 1837, Image 2

Below is the OCR text representation for this newspapers page.

tAjjSBgSB i plan tis tor the Currency of the U. ST Bank : the ad- ’ milled failure of lliaV plan ; tlm !»•<* alter- ' ihought of a Metallic Currency, end the sd missions of the Executive that, it has do-tray- 1 tul tho Currency, “and dono liUlo”JtWvard» in- 1 traducing another. Wd give the luxury of ' the whole process aa it is furnished 1-y the ‘ documents of the Executive Department. ! •Such a seiies of failures, frauds, and false hoods, broken promises and exploded experi ment* as are exhibited in the following para- | graphs disgraces the diplomatic history ot no other administration, popular or despotic, that has ever fallen under oar observation. tub nil urnnrirr r> evil to be remedied. ] 080. “It must bo Admitted by all that it (tho U. H. Hank) lias failed in tho great end ol estab lishing a uniform and sound currency."—An drew Jackson. Augmentation if Executive Power the real object. “I submit to the wisdom of the Legislature whether a National one, (Bank) founded upon the credit of [he G6c~.rnmc.nl and its revenues, might not be devised which would avoid all constitutional difficulties, at the same tme secure all the advantages to the Government and Country that were expected to result from the present Hank."— lb. 1680 HINT OF AN EXEpDLIVK BANE AND TUB SUB uriTurr, run U. U. dim.*. “It is though practicable to organize auch n bank with the nocesary officers, as a branch if the Treasury Department. Tbe Stales would be strengthened by having in their hands the means of furnishing the heal paper currency through their own hanks " — Awi>r.m Jackson. [Hero is the original plan. Not a syllable of Hie Uetull.c Currency in either of those nitjusagas. Tins jail of the Humbug was entirely an afterthought. The original plan was to substitute a (Internment Hank for the Hank of the U, ti. and to furnish Hie I'eo pic wiih « Taper Currency of the Local Hanks.] 1831. “Entertaining t o opinions homtofore ex pressed in relation to the Han!; of the ft. 8. as at present organized, * • I leave it for the pioaenl to tbu investigation ofan en -1 >ghtoned jicople and their representatives ” A. Jackson. | Tlioir represent alive* accordingly invest!, gatod th;subject and rooliaftorod the Bank] I Sit'd. TUB ACT PREMATURE. “Whatever intercut or influence ban given birth to this act, it cannot be found cither in the wishes or necessities of the Executive Department, by which prebent action i« deemed premature,” —Andrew Jack son’s Veto. [And thin after tho atibjoot had been three limes brought to the attention of Congress by the Executive itself.] “Neither upon the propriety of present ac tion, nor upon the provisions of tins act was the Executive consulted,"— lb. [lt is a singular Ihcl that the phrase Mu. tamo Currency, or Better Currency, docs uni occur in ilia Veto Message, nor is there the hliglitortl intimation that the Execu tive contemplated nl that lime imy other sub •litnto for the hills el’ the United Kialos Hank than the tapiit. currency of run LO CAL BANKS j nGUOVAt. in _l|||i llJPO'lf w l "*' || I |Hl| T* k TED. “Such MijJisuroj ns arc within the roach of the Secretary oftho 'i'tor.siuy have boon la ken to cipfnle him to judge wliothor tbe pit Ho iloMfaitoa in that institution (U. 8. Ban limy regarded an entirely safe ; but an his Ipmjfrd power may prove tnlid 'quale to this oh -j** 1 I recommend the mibj >,t to the attention if Congress, under the firm belief that it is worthy of their serious inverligalum. An in quiry into ili:- transactions of the institution, embracing the brandies ns well hh the princi pal bank, seems called for by the credit which is given throughout the country to many seri ous charges impeaching its churacier, ami wlitoli, il true, may justly excite the apprehen sion that it is union gtra safe depository of the money of ihc people." [Here is a wanton and deliberate attack by the Executive on the cm lit of uu institution which was the disbursing Agent of the Coy. eminent, held millions of its avenue, and in which Ihc Government won a stockholder to tho amount of $7,001),000. The confidential ngeut ot the Treasury, Appointed to inveali gale the affairs of tho Buik, reported almost siifmkauemisly to tho Department, that “neith er the solvency of the Hank nor the security of the Depositps would admit of a doubt,”— Congress w»h satisfied that Ihc pretended ap prehensions of the President were mid that Ins charges were gird even to ro study to preserve. The House, UiortfhKj by a vote of 101) to 40, do clnrod that, the Gfuvorntncut Depositee were eafo in the Bank of the United States.] 183 d. It is a remarkable fact that the message of 1833 of President Jackson, in its paragraphs on the Hank Question, like nil the previous messages from 1821), makes no rdcrenoo to a Metallic Currency—ond contemplates no oth er substitute for the currency ol tliu U. Stales Hunk than the Paper Currency or the local banks. The long report of Mr. Sec retary Taney, apologetic for the removal ol the Depositee, makes no rofurcnce to a Ms tam.io Currency, and promises nothing hut n Currency, to bo furnished by the S/a(s Hanks Wo copy from the rcpoit of my Secretary n devolopemunt oftlie plans ofllie Executive : “It is well nnderatoiul tint tbe superior credit heretofore enjoyed by the n >tcs ot the j U. S. Hank, was not 'founded on any part it - nlrr confidence In its management or solidity. It was occasioned ai.tocii; rnuu by the agree, ment on behalf of the public in the act of in corporation to receive them in all payments to the United slates; and it was this pledge on the part of the Government which gave ■ general currency to the note? payable at re mote branches. The same engagotuouts, in favor of any other Mionieil institution would 4jivo its notes equal end.l, and make them equally convenient cot the purpose of com merce.” [To wit—Til - rime engagements in favor of the Pels —would m ,, !;e tho notes of a Buf falo, Natchez, nr Now Orleans branch worth one hundred cents on the dollar in Hasten. Why does hot the Government make such engagements 7] “But this obligation on tho part of tho Uoi led States”—-tho Secretary continues, “will cease when the charier expires; and as goou ns this happens all the outstanding notes of the Hank will lose the peculiar value they now possess, and the notes payable at distant places becomes ns much depreciated as the notes of the local banks." [Not onlv is this not tho case—hut all the bills of the U. S. Bank have been at a pre mium in every part ol the Country; while the local Bills hove been at a discount in many places of from sto 27 per cent. What would a Bill of a Western Del H ffik be worth in this city, compared with a Hill of the same nomi nal amount oflhe old or new Bank of the U. b.n .Again let mt Scc'y speak the views of the i |Mfr f ft*a i- >• ' iyg**. if u* ■ ■ *- ■’ - ■ ■ and will commerce, and in the busi- 1 ness of Domestic Excharges quite equal to my which the community heretofore enjoyed.” Not a syllable thus far from the president jj or my secretary of a metallic currency. The only proposed substitute for the currency of s the United .States Hank if the paper currency £ of the. local hanks. And this was the filln yeir of the warfare on the National Bank, t 1834. Tho expositions that were made by the i j Whig members of Congress during the sea- i cion of 1883 34 demonstrated so clearly the i incompetency of the Slate Banks to furnish • a sour: 1 end uniform currency, tint the Exc- 1i eut.ve was compelled to shift its ground, and I the next rising of the curtain was to the first Eceno of tbe gold Humbug. FIKHV HINT OF A METALIC CURRENCY. “The progreess of our Gold Coinage is creditable to the officers of tbe mint, and promises in a short period to furnish the coun try with a soinH 4' portable currency which will much «hiniui»u the inconvenience to trav eller!! of general paper currency, should the state banks be incapable of f urnishing it.”— Jackson’* Message of’Di. [Hero is tbe first intimation of any doubt on the part of the Executive of the ability of the State Hunks to furnish a suitable Paper Currency for the country; and l#eie is the first indistinct and vague him of a specie currency It is only a virtual admission of tbu failure of the first experiment.] 1835 The Message of 1630 repeats the assertion that the Biiik of tho United Hiatus had not furnished the country; with a sound currency, but withdraws the doubts ol the cspuciiy of Die State Banks, snd omens point blank that they have supplied the “aunts of the cotnmu -1 nity, in relation to Exchange snd Currency ns u<etl as they hate eler beenj)efore." It asserts also in the most iinqnalili' d manner that the | circulating medium has been greatly improved. This message is the first document of the administration in which the metalic currency cuts any distinguished figure. In this paper lie rays that it Uongresa will do so and ho and (our and twenty Htste legislatures will do so and so—“it is apparent that Gold and Sit ■ ver will become tho principal circulating me-, dium.” Congress and four and twenty Statu Legislatures, did nut Agree with the General, and the consequence is what we have setn, the destruction of a sound and uniform cur rew.y and the substitution ofan unsound and fluctuating currency in the paper oftho local banks. 1630. 1 We have traced the documentary history 1 oT the warfare on tho Bank, from its coin ; mencemcnt in 1829; when the attack was made on the express ground that the “Bank failed to establish a sound ami uniform cur rency.” Thin c money it was proposed to improve by subatiiiiting the belter paper Currency of tile local banks; mid thin remained for live years the policy oftho administration. As the community became aware by reflec tion mid experience that these banka could nut furnish n. general circulating medium, and 'hat they did not as per agreement ‘ honor each others notes and drafts,” it became ne cessary to r nko still another promise—to fur nioli a substitute for the substitute which had been given ns for the currency of the U, >S. Bank. And liew^i* it with this substituted t fubititutoX- ATTer eight years of incessant ami iiarasß'iig interference with the currency, what has been attained by President Jock- Ben’s own showing! Let the message of 1839 npeak (nr him. "Although various dangers to our republi can institutions have been obviated by the failure of that Bank to extort from the Gov ernment a renewal of its charter, it in obvious that little has been accomplished except a sal. utary change of public opinion, towards re storing to the country the sound currency provided by the Constitution.” And how much la that little) And what is that salutaty change in public opinion? 1. Three hundred and fifty seven new banks have been created. 2. One hundred and seventy-nine millions have been added to the banking capital. 3. The circulation of paper money has increased § 123,500,000. 4. Loans and discounts have been increased $308,000,000. And (his is the marvellous good for which wo endured so much I This is tho result for w hich wo have passed tlnoiigh so lU^ftTsiTT-’’ (ormg, and ate now the wide spread devastation ! AqtfThe Executive looks calmly on—exulting iu r( has caused—and np- justification of its measures to | the , VK , that (UVeiiJ^ 1 HIM the ill which they have resulted. POSTSCRIPT. Since writing and above, we have received further intelligence of tbe Better Currency— the "mi proved circulating medium”—of which General Jackson so learnedly discourses in his messages. The .Safety Pund and Depos ilo Hank? in Now York have (suspended epe cie Payments. This is the— -finale, ihc’denou. meat of the Gold Humbug. Gen. Jackson’s humble, efforts" for the restoration of the Constitutional Currency— have compelled the Bunks to suspend Specie Payments, and have literally cursed the country with a currency of Bags.—Truly did Daniel Webster say in the memorable session of 32-'3l—"l would say to every honest man every where, who wishes by honest means to gain an honest MviNo--Be\viro of wolves in sheep’s cloth ing; whoever attempts, under whatever pop ular erv, to shako the utahilitv ok tub Public- Currency, bring on distress in mo nay matters, ami drive i us country into PaVek Money, staus youk interest and your iiArn.utvs to the heart! And whoever has the wickedness to conceive and the hardihood to avow, a purpose to break down what has been found in forty years' ex perience essential to tire protection ol all in terests by arraying one class against another, nml by acting on such u principle, us that the i roor always hate the rich, shows himself the reckless enemy of all . An enemy to his whole country, to all classes, audio eve ry man in ir. Ii» deserves to he marked especially as the POOR MAN’S CI7IIBL. P'rcm the Rational da lle. We present to our readers to-duy a third letter !;> Mr. Adam* from the President of tbe Bunk of the United Stales, which will be lead with not loss and advantage than the preceding ones. It is a perfectly clear ami satisfactory ex port lion of the existing slate ol things, slid can not fail to carry conviction to the minds of all. il shews that the course adopted by the Banks of Philadelphia was imperatively demanded by circumstances beyond their control, and that it will be most conducive to the ultimate benefit of tho community and country —'111111 the Bank of the United States has been actuated in this measure by the snmo spirit of patriotism and wisdom which has guided all its proceedings, and dial it will bo ready at a moment’s warning to do its part in bringing matters to their fanner con dition of peace and prosperity, Philadelphia, May 13/A, 1837, Mi Dkau Sibi You were good enough to ex press a wish to know my own views on the pre sent state of things, ami I hasten to give them without reserve. You may perhaps remember that in my letter to you of the 11th of November last, 1 stated BP* prTT; r: i -;..' lia-.r adopti g? - - be restored m twenty-faur hours at least in as many days.” Bix months ■ Further experience lias only confirmed my opin ion. I believe now, as I believed then, that lire events of this week might have been readily pre vented—and that the unhappy prcscvoranco in j' the measures then deprecated has reduced the 1 1 country to its j resent condition. Hut I have no leisure now to discuss the subject, and no disposi tion to indulge in unavailing rcgicts. It will bo more profitable to look distinctly at the present position of the hanks and the country, and to sug gest their respective duties to themselves and to each other. Ail the deposito bnnksof the Oovernment of the United States, in the city of New York, sus pended specie payments this week —the deposito banks elsewhere have followed their example; w hich was of course adopted by the slate banks not connected with the Government. I say of coerce, because it is certain that when the Gov ernment banks cease to pay specie, all the other hanks must cca|p, and for this clear reason.--- The great creditor in the United States is the Government, ft receives for duties the notes of the various banks, which are placed for collcclion in certain Government banks and arc paid to tho’c Government banks, in specie, if requested. Now 'f these Government Hanks, the deposi tories ofti.t* public revenue, will not pay specie, for the very wu r rants drawn upon them by the Treasury the Government of the United Hides from that moment c eases to pay specie to the citizens of the United Sudes. As moreover the Government receive.! ten' dupes only specie and the notes of specie-paying t,\ ,n ks, ll* c instant i'.s own deposile Hanks cease to " a y “liccic, th‘ Government must refuse to receive the not'’ t>fh» own deposit Hanks <Sc can receive no notes exeef * those of Hanks not deposile Hanks, On the 0r.." hand then the Government is hound to pay its debts in specie, ami it has no means of procuring specie except from the Batiks not connected with the Treasury, so that these Hanks find all their notes collected and paid into the Treasury for duties, converted immediately into specie for the use of the Government—while the deposile Hanks will not pay their debts to thejother Uanka in specie nor pay the Treasury warrants in spe cc. Take for instance the example. The claim ant under the Trench indemnity had certain mo neys due to him in France. The Goverment imported it in gold lor him—and when the day of distribution arrived, he obtained an order for his portion. Hut instead of his receiving Ida own share of Ids own proper identical gold, ho has received neither gold nor silver, hut the notes of the deposit Hanks—which very notes the Government itself would refuse to receive from lids very claimant for any debt which he might owe to the Government. Ho long therefore, ns the government and the Government Hanks will not pay specie to other Hanks it would bo rashness in those Hanks to pay specie to them, as they cannot make a discrimi nation in those whom they will pay,(he only alter native it is to concur with the Government Hanks in the general suspension. Our I’hiladcphia Hanks saw this. 'They thought it useless to car ry on so unequal an intercourse, in which they were to pay to N. York, while New York refused to pay to Pennsylvania, for if the Pennsylvania Hunks paid while those of N. York did not the whole revenue would have been turned into Pen sylvania netes and specie demanded. In the midst of these disorders the Hank of the United Slates occupies a peculiar position, and has special duties. Hud it consulted merely its own strength, it would have continued its pay ments without reserve. But, Ist. Hike nil other Pennsylvania Hanks it owed a duly to the citizens of our own Slate; and it was not disposed to stand aloof from a general movement of the other state institutions, which however it might regret, it could not censure. 2d. It was not inclined, moreover, >o discredit, by a refusal to revive it, the paperjof die other .Slate Hunks which had ceased to pay specie, still less to force its Pennsylvania debtors to pvy their debts in specie,when other citizens in olhci States were allowed to pay in a loss costly medium; thus breaking down lor the benefit of the States, the merchant and manufacturers and mechanics of Pennsylvania. 3d. While the vaults of all the other hanks were closed, the Government of the United States would have no resource to procure specie, but the Dank of the United States, wnicll ought not (c as sume the risk of being the only source of supply for bullion to the Government and the land offices ns well as for exportation, 4th. The Deposit Hanks of the Government would not pay their debts to the Hank of the Uni ted Stales, Why then should the Hank of the United Stales pay to these Institutions on ac count of the Government, specie for their notes, when these very Hanks would not pay their own debts! There would have been an equal want of reciprocity and of justice in such a proceeding. There was another reason against it, final and decisive. From the moment that Hanks of Now York their manifest that all the other 1 i/hjiVr»ii flanks must do the same, that there must he a universal suspension throughout the coun try, and that the Treasury itself, in the midst of its nominal abundance, must bo practically bank rupt. • In such a stale of thijuanfr | lrJ , nn „„",, ", nn Vnowto escape from it—how to provide at the earliest practicable moment to change a condi tion which should not bo tolerated beyond iho necessity which commanded it, The old associ ations, the extensive connections, the established credit, the large capital of the Hank of the Uni ted States render it the natural rallying point of the country for the resumption of specie pay ments. It seemed wiser therefore not to waste its strength in a struggle which might ho doubt ful while the Executive persevered in its present policy, but to husband all its resources, so as to profit by the first favorable moment to take the lead in the early resumption of specie payments. Accordingly, the Hank of the United Stales as oumcsjhal position. From this moment its dibits will bu to keep itself strong, and to make itself stronger—always prepared and always anxious to assist in recalling the currency and the ex changes of the country, to the point from which they have fallen. It will co-operate cordially and zealously with iho Government, with the Govern ment Banks, with all the other Hanks, and with any other influences which can aid in that ob ject. In the meantime, two great duties devolve on the Banka and the country. Tim first foreign nations—iho second our own. W c owe a debt to foreigners, by no means largo for our resources, but disproportion ed to out present means of payment. We must lake euro that this late measure shall not seem to be nn effort to avoid the payment of our honest debts to them.—We have worn, and eaten and drunk (he produce of their industry—too much of all perhaps, but that is our fault, not theirs. We may lake less hereafter, but theccuntry is dishon oured unless we discharge that debt to the utter most faulting. The second duly is to ourselves. Wo should bear constantly in mind that the step which has been taken is excusable only on the ground of an overruling necessity. We must not make the icmcdy itself a disease. It must not be the pre text of extravagant loans or issues. These arc already sufficiently inflated, and if we have vol untarily removed the most familiar and estab lished checks upon all issues, their immediate convertibility into coin—it is our duly to substi tute some effectual restraints which may enable us to restore the currency without delay or diffi culty to a safe and wholesome condition. The result of the w hole is, that a great disaster has befallen tho country. Its existence thus far is only a misfortune, —its continuance will be a re proach, from which nil true men must rally to save her. Wo must try to render it as short as possible, waiting patiently and calmly for tho action of the Government, and in the mean time diminishing its dangers by great prudence and) forbearance. For myself, you know how zealous i ly I have labored to avert tins misfortune. With t not less anxiety shall 1 now strive to repair it. j With great respect and regard, vours, N. HIDDLE. | Hon. J. Q. Adams, Quincy, Mass. i mi it ii mu ‘i mr ih CHRONICLE AND SENTINEL. la AUGUSTA. it Thnrfxiay Evening-,■ May 25.18b7. c: ■ ;■ n . ‘‘- r ir Wo understand that tho Commercial Hank p ofMacon,lhe Hank of Columbus, and the Insu- i> ranee Hank of Columbus, arc resolved to contin- a ue specie payments to the uttermost farthing. c Each of those banks may bo, and we believe arc, v able to take up all their notes, but it is noverthe- c lass a suicidal policy. p t The Standard of.Union promises to goat largo into the subject of the proceedings of tho “Nulli fication” Convention in his next paper. The Standard is published on Monday evening—so ( we shall not expect to hear thunder for a day or c so yet. c -—— i “ Oat of thine own mouth willl condemn thee'' ( We earnestly request the attention of our retd- 1 ers loan article in to-day’s paper from tho Haiti- 1 more Chronicle, made up principally, of extracts \ from tho Messages and documents of Gen. Jack son, on the subject of the U. S. Bank. It is one of tho most conclusive arguments we ever read; and of that description of arguments 100, which Gen. Jackson cannot gainsay, because they are his own confessions. “Out of his own mouth ho is condemned” ! It proves beyond cavil or dis pute, tho following points— -Ist. That at the commencement of Gen. Jack tan’s opposition to the U. 8. Bank, he was in fa . vor ol'n National Hank of some sort, and bc jjjcvcd one to be constitutional. 2nd. Finding that a majority of the people, if thsyfti” sl lik v ® a National Bank at all, were as well satisfied’ with Present one as any that could lie proposed’, ho v’ ,wn S cd h ‘ 3 S rounJ anJ declared in favor of the h » nk "> O3 depos itories of the public money, i».‘ 11 1 guardians of a sound and uniform cuirency. 13 ' vka l * a usually denominated his "Expermeiii” ''. 00n the currency of the country—his experimeru to | test flic ability of State institutions to establish L and uuintain that currency in a sound and whole- 1 some condition! ( 3id. Towards the dose of his administration, I perceiving that his “Experiment” would boa failure, he shifted his ground again; became the ] open enemy of all Banks and “bank-rags,” and ( promulgated his last grand scheme of a gold and ' silver currency. In this faith, he retired from of- J flee, leaving “Matty dear” to “follow generally , in his footsteps,” and “carry out the measures of his administration.” Had he continued in office ■ until row, to witness the finale of all his schemes, he would no doubt have shifted his ground again, . and constituted himself Banker-general of the I Universe, and issued a general order to his Kite!;- 1 en Cabinet, to administer the “gnoul” or tho ' “bow-string, to all who should refuse to receive his bills in preference to gold or silver! j From these three points, so clearly established out of his own mouth, we draw the inference j that Ids find opposition to the U. S. jßank, was not based upon principle, but was tho dictate of , that domineering and revengeful feeling which 1 ever predominated in his bosom, because the * Bank refused to be made subservient to his wi|l i and the tool of his ambition to establish and per- I petunte a political parly despotism throughout ! the Union. He succeeded in abolishing the 1 Bank and in establishing that party despotism ] by other means, which he failed to establish with ) its assistance; but the league of “Pet Banks,” j flic depositories of the public funds, which arc “the spoils of office,” having failed, and brought 1 down wi:h lhe.m tho Government itself—the i grand “Experiment” having exploded, and like 1 the bursting boiler of a steamboat tfial scatters death, destruction and dismay among the pas sen gif £( crew, jiavm prostrated; ruined and 1 destroyed all the vital interests of the country, we trust that this parly despotism will now find its grave in the public indignation. We were once, in our earlier days, among tho number of Gener al Jackson’s political friends and suppoiters, in the first and more virtuous years of his adminis tration, —a .political sin, fur which we have long since ceased to feel the upraidings of conscicaoe*. - _. L> y a -fiittxu^«m!^i?insrt^W..k..E»7r'7. T r , l upol) better knowledge and fortified by increasing ex perience. Upon looking around and about us and throughout the whole republic, we arc proud to find ourselves in an immense men in the cou ourselves have 3 AiaW£iW*rnat error, by a to most of the measures which have blighted tho j commercial interests of tho Union, and brought < our own government to bankruptcy and disgrace, j Late advices from New Orleans repsosont the \ invasion of Texas by flic Mexicans, to be no long- ‘ or a matter of question. Tho Mexican force un- ’ der General Brown, composed of six or eight Brigades are rapidly advancing towards (he Rio Graude; their columns occupying afront of fifty or sixty miles ; the whole force consists of eight . or nine thousand men. Many European officers, it is said are now serving in the Mexican ranks ; one of them r. Pole by the name of Salofoky, was 1 killed ima skirmish between some rcncoinnoitrc- 1 ing parties of the Mexican, and some of the Tex nin troops. — Geo. Journal. From the Savannah Republican, , BANK OF ST. MARY’S. The following gentlemen were elected, on Saturday, 1 Dili inst., Directors of this Institution: D. L. CLINCH, I SAME. CLARKE, A. DOOLITTLE, H. S. PRATT, JOHN BAILEY, WM. T. HOPKINS. And at a meeting of the Directors, the follow ing officers were elected: Gen. D. L. CLINCH, President. A. J. BESSF.NT, Cashier. WM. C. CRENSHAW, Book-keeper. BJXPKKSS in A A is. M-T'-V-T- ~-J.t . Tt~~—~ !”.-■■■* -* * ~~~t — -*" --*Tr7r— From the N. O, Picayune, May 21. HIOLY IMPORTANT FROM MEXICO. American Citizens declares! Pirates I The schooner Lady Hope, Capl. Amaux, ar rived last evening from Matamoras, bringing the following important intelligence. She left in the Urasios, St. Jago, Mill inst., schooners Corn, Leonidas, Mechanic, Rob Roy, Porpoise, Julius j Ctesar, and Champion, detained by the Mexican i authorities. Tho schooner Ellen was outside the bar discharging. The passengers on board tho Lady Hope affirm that the crews aud passengersol the JuliusCcosar and Champion had liecn tried f>r PIRACY, CONDEMNED and IMPRISONED!!! Tho 1 Texian schooner Independence had been cap tut- 1 od and carried into Vera Cruz; C.ipt- Wheel wright, of the Independence, was severely woun . ded, having part of his abdomen shot away by a cannon hall; he was not expected to survive. Tho U. S. sloop of war Boston was olf the Brasses on the 14lU, and had repeatedly deman- , ded the release of the American vessels, from Mexican authorities, captured by their licet; re ceiving no answer, she sailed for Pensacola. This is rather a high-handed measure on the i part of Mexico. Perhaps the capture and deten } lion of our citizens is sufficient to justify tho I United Stales’ interfering; if«o we shall be pleas led to see Mexico’s audacity well chastised. But ■ if site go farther, and lays violent hands upon he lives of frcc-hora Americans, we say annihl- j ale her! The immortal Decatur’s motto is our notto —“Oqr country, right or wrong !” Tho • ires and persons of our countrymen shall he £ ■a red; and American principles, and Amcrcan r enterprise and industry arc not to be trampled ( in the dust by the unhallowed footsteps of su- J perstitious slaves and hirelings. A despotic and i barbarous priesthood shall ho taught to lo ,k with i awe upon the “star spangled banner,” and rever- 1 efice the spirit of our free instil utious. * Lot hot Mexico dream in lolly of an alliance j with any European power, formed against this i country nor let her presume to insult, with im- s punity, the proud sons of liberty’s patriarchs— the sages of ous Revolution. Let her beware! ( From the Baltimore American , May 22. Reports were in circulation yesterday afternoon that Mr. Breedlove, the Collector of this port, re fused yesterday, ovcc, sixty thousand dollars in city paper that was offered him by the mer chants, in payment of custom-house bonds. RuJ mor says, that debenture was due from the gov ernment to some of the merchants whose paper was refused, and that the Collector could not, or did not credit the same to whom it was due, or pay the amount in specie. Great excitement pre vails among the merchants on tho subject. Mr. Breedlove will find it to his interest, to give tho most liberal construction to his instructions from the Treasury Department, of which they are sus ceptible. It is gratifying to find that after tho almost to tal failure of tho grain crops last year, and tho consequent necessity of becoming tributary lo for eign countries lor bread stuffs, tho accounts of the prospects for the coming harvests in some per sons of the country are, to say the least, fair. Complaints are heard, it must be confessed, from other districts, but we are led to think that the shortness in tho product of this year will he no comparison with that of the last. The resources of ourcountry arc prodigious, and it would be strange indeed if two successive years should oc cur in which tire supply would fall short of the domestic consumption.— lo. A government steam shin, pierced (or 16 guns, was launched at (ho Brooklyn Navy Yard on Thursday. The New York Express says she is to ho fitted for sea immediately. The same paper says that on Thursday four foreign vessels arrived at that port for every \m' r ican. The (lag of no less than eleven na cnu’r£;d the harbor of New York on that day. Inei’jdcu the arrivals wore twenty vessels from Europe jaden v '’itb two hundred thousand bushels of wheat .7 nt ' O '-". Sb, The Philadelphia pa.,' 01 ' 3 sla * e lhat Mr - Gilpin. U. S. District Attorney'for .’ llat Dsstrict > has rj coived authority from the TreJ sl,r y Department to postpone until the first of Octoc ! ' r ; ' l ° in“titu lion of suits on duty bonds not paid A I*-*® cus ' tom house. r.tCIIMOND MARKET, MAY 18. Business matters are daily more lifeless—Flour is retailing at S7—a quantity cannot lie *801(1. To bacco drags along slowly at from 14 a Si—the latter rate is seldom reached—no quotation of any article can be given which may be relied on. NEW ORLEANS MARKET, MAY 21. Cotton.—Arrived since I tie 12th instant: of Lou isiana and Mississippi, 23 JI bales ; Lake, 1087; 'Tennessee and North Alabama, 1-117 ; Mobile, 32 ; Florida, 41 ; Texas, KM—together, 5072 bales. Cleared in the same time: for Liverpool, 5,H76 ; Barcelona, _220; Havana, 326; New York, 1213; Boston, 637—together, 823 j bales; —making a re duction in stock of 3,163 bales,, and leaving on hand, inclusive ofall on shipboard, not cleared on the 13lh instant, a stock ol 71),541 bales. There is little or no bncinoss doing in Cotton at this time, with the view of Speculation ; indeed tho present state of the European markets forbid any thing of the kind. Tho few small parcels which are occasionally disposed of are to persons desirous of making remittances to Europe, and who, being imn blo to procure eiilier hills or specie, convert their funds into Colton, and send it forward. An advance of about one cent has been paid on the tales asked last week, for some lots; but this was more owing lo ' the depre cation which has taken nhco in tho cut- ’ roncy of the country, thanlo any better feeling in i the market. Shipments continue tube made on ihc-.1 tors’ and planters’ account,owing to the of selling here. IJfearoslill urmbio to give quotations. Extreme prices for Louisianas and Hissippts are 6 i , 12; and for Tennessee* and Alabama* 1 to 104 eenls. E .STATEMENT OF COTTON. Shock on imn 1 Ist (I, tober, 1333, Arrived this week, 5372^8%11H Arrived previously, r,33 INp tic.,- v.t-’,, r-^Ku^^ESj E-q J pi, , in', 1 . j M ' UtWr!*'.' Ic.;q: 1 c.;q: ; r ;■■■ r ' ‘"* 7c i vdHxA • v ' £m $ I” i-'r J A H . . . ' rHaraVas”2iatelsigWW^p|| ai ‘ “ \ Steamboat John Randolph, Lyon, from Savannah, with low boats Nos. 6 and 8. Merchandize, &u. to Wm. M. Rowland, agent; \V. W. Gray, F. & 11. Clark, A. (. Huntington & Son, P Carrie, P. Golly, llora & McCall, Clarke & Holland, Turpin & I) Antignac, Kitchen & Robertson, Clarke, MoTier &Co., E. liustin, Rathbone & Baker, J. Phmizy, .1. F. Benson, Stovall & Co. I!. Buird, E D. Cooks, J VV & I T Heard, E B Beall, Wm Rostwick DEPARTED. Steamboat Chat ham, Wray, for Savannah -MV.’.-i . iw iwmirti Ks Mr. Editor —Picaso publish the following nppoinlmonU of Camp-Meetings in the Augusta District— Burke Camp-Meeting, at Old Church, beginning on the night oflhe 31st May,and concluding on the following Monday. , Richmond Camp-Meeting, 13 miles below Augus ta, beginning on the 2Cd Juno at night, and conclnd- . ingon the follow ing Tuesday. Jegersan Camp-meeting, at Mt. Moriah, begin ning on the 12th July, at night, lo conclude on the following Monday. Columbia Camp-mooting, at White Oak, to begin < August 23d, at night, and close on the following 1 Monday, may 13 iKr Ur. ROBERTSON lias removed to tho • Dwelling, on Campbell street, ialely occupied by f A J. .Hiller, Esq., next door to tho residence of Mr. John McKenzie. may 24 lw 121 1 Kice nml Com leal. Tj sh TIERCES fresh Rice, JLSy 100 bushels fresh Habersham Meal, Just landed and for sale by may 25 It A. 1. HUNTINGTON & SON. 1 -A. ’ 112’ <li • I A IVERSON, having returned to this city, is a ready lo ro-coramonco his instructiens on ilia Piano. applications are lo bo made at Mr. Wocdmff s Piano Ware-Room. may 25 Ct 122 j\oilicc. CBJIIE A gen * oflhe Charleston Tiro and Marine a Insurance Company, will be found a! bis olllee in Melntosh street, opposite the Constitutionalist oilieo. T. 11. 11. GREGORIE, Agent. Coloured SSiiiS’lbi. THE subscribers have just received an addition al supply ol the above article, with a few doz. wkite cotton and linen do. Also, n variety of fancy articles, viz—Gloves, Suspenders, Handkerchiefs, silk and cotton Half-Hose, Russia Bolts, Ac. PRICE & M A LEERY, mav2s 122 Drapers and Tailors. Removal. A 11. C Dealers in Watches and Jew 6. • elry, have removed to the Store on tho corner ol Broad and Mclntosh streets, known as the Post Office corner. may 25 if 122 Wanted so Hire. TypROM 40 to 50 Negroes to get out timber on Scc- JL' liens 21 and 47 of the Georgia Rail Road.—Al so, a number of white sawyers and hewers Ajiply to IV. W. Torbert, (Resident Engineer) at Kirkiintrick’s on the Milledgeville road. JOHN EDGAR THOMSON, Chief Eng’r. may 24 121 r ~i. '■ ... % slfc,.. \ VVr -• Jm ■ -'m | ;-, i H ■ ■ H M. - * ■ ■ , :n:i. ■K , gH Wm Lite the Planters’ Hotel, Broad stroH , A t m ■ ■ ■ i. OB i: t v.riMr A|« 7. ,i v i. i i ' i■» 1 ■ i ' i A, may - i A C’ns\ 5 3. Ii L 1 .. -md I re- -’i • ■ '» o i '■ ■C ■■ rJvzy CHova? TMIiP. m. ! : lw - A :.r le ; lb ■ -gi HhHm i i e;,.- i-'-'.-iHSHuHR i ’I-, • di-,” i.i 1 ■ ■' fi sh BOXES I.M.inn Syrup, 'LV J In i!n. Ro.si.errv do. 6 pipfs Holland (.in, Jnal IMMII d mid 1-ir ,-.de l ie. I.v HH|{ W. E. 7 J. I . .1 ArKSON, i'OoT OFFICE HE PAR’’ lEtli May, i!’.—Vim 1. ~ Hfewlj n'lr I aad < in me 1 i be • «.-l r\ Amos KC.xHH^n E. B. Gi.Asroc::, Esq., WSMBjKM Aimnsta. ii\. A Ckvk - ' MAY Ui’ih, iHBH SHN ordi enmplv v. itb 1 1 n BHMM I ib l v.ill less - si ;' : '‘ BEssleSslmSi i JO!!', EDGAR 'l’M' ‘ " • ** < !:l"lT.;ii.im(r:u:d(l^HHj^HH ■--.'•r . -r . ■ A ■■ /'/.c/;; . i.i. : i ' I -7. JB 1 ■ he i': MB 't/jf* sg ■ M •r> . ,■ ■>’ Mi^MaiaSSm OH - ■ i;l i jg*! gj £IS e ’ Me ■ eIH >e .. t ' ‘ %rl, (H| .” i, A ; ‘ ' s: rMMrA-s k. jSB skid AC SBt‘ \ Vl pi M | <\.r\- am JB-M'U v /j jK&j' s }r ' ’ 4B' At, r M m c - ‘’v M . Bn ■ | SgimS YptT c, y m ■ 1 : will be ’•'J' l '' "\1 aei'o!iimodaii^W|||Bß|BßjWJnMMlttm«!lr»¥li‘il H M 1 -7 , mV i » t 7 VS .b'' ."I first role Spring, ’’,*,* 4 *■ ’ Igu - 1 A *■ i T a V '■ y, : A I A o; 'O I a -;:i: i si.'' - qSI m 1 mm nj a JB Bt I ,i® ■ M ■ i ■’ ~J Im 4 ~ jHmwMffjMhilß i+i , JS | ' *• Augusta, may 17, At. ® j;nj*ij. B rPAHF, snbseritjpr wisKine-tn 1,,,., r , i by the close of Ifo 2,(1, ua'i 2 lh ? have any accounts atMinsl hint nr 0U J b( J I^ eaßo^B =stete£s^ Ho would also, imlnua bis friends and « •vfli ba ui.ee ol Ins pH's/ni ,„ ir , " * £Bs, reduced prices m fconnretion will, „ meut ol l urniliirc/nmv on its wav ’r ‘ 'i HBI which' m„A7 ' raav S / THO. M. WOfll j H :• “MBI II