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between the amount of coin now owned, and the amount of their notes in circulation, to wit; $903,007,26. ,\t present, when money is so scarce, and the demands for new loans, and renewals without reduction, are pressing on our Banks, it requires no argument to show that a sudden reduction to such an extent could not be accomplished: the attempt to en force it would only involve our cit izens in a state of bankruptcy, ex ceeding that of our most afflicted ci ties. This pressure would bear with more severity ia consequence of suspensions elsewhere; because the principle of self preservation would require on the part of Banks a refu sal of depreciated paper; the differ ence in value therefore, between the good and the bad, would have fallen as an additional charge on their debtors. Another consequence from our supposition, would have borne di rectly on the planter. Even had our Banks accomplished their object in time to meet their own payments, they would have remained after wards, unable to furnish the funds requisite to purchase the cotton now withheld from market, and which in a few weeks must be sent for ward. Under these circumstances, the planter would have found him self at the mercy of the very few, who might then be in posses sion of surplus funds. This sugges tion will likewise apply to the whole crop of cotton destined for the Au gusta market during the succeeding winter, unless our commercial em barassments are removed before that period. Assumming, however, an opposite supposition, we arc induced to be lieve that our Banks by a timely suspension of specie payments will be enabled to supply the funds re quired to purchase that portion ot the cotton crop withheld so long from market, as well as to continue to their debtors, the indulgence 'which the present dnliculties rentier necessary and advisable, and like wise, by having preserved their coin, pressure on their customers, so soon as a change occurs in commercial af fairs, to remove the causes which in duced the suspension. It ought not to be concealed, that serious evils to the Banks and to the community, may ar.se from the course now adopted. The stan dard of credit may be lowered, a reckless system of banking may be introduced, and while on the one hand the banks may suffer losses, on the other, the people may experi ence far greater injury. Our new position, therefore, calls for greater fmidence and greater watchfullness; et the Banksand the community be come properly impressed with the truth of this suggestion, and we have no fears for the future. Let them disregard the admonition, and the present distress may be considered as trivial, in comparison with those which will follow. Withsuch view s as have now been presented, the several Banks ot Au gusta, represented by their Presi dents and Cashiers at a meeting o > the 20th instant, adopted the follow ing resolutions: Resolved, 'That the several Banks in this city w ill suspend, for the pre sent, the payment specie. Resolved, I'hat during the suspen sion, the said Banks and Branches, will publish in the city papers month ly, a statement of their conditions, severally, shewing.the amount ot their assets and liabilities, especially deposites, sirculation, and coin own ed by the Bank. Resolved, That it is earnestly re commended to all other Institutions m our A'tate, which may likewise sus pend specie payments, to make a similar exhibit. I Resolved, That Editors in south I ■Carolina and Georgia, arc herein i requested to publish these monthly i statements for the information ofL iheir subscribers. j. Resolved, Banks re pre- I .vented at this meeting do hereby t pledge themselves to each other &J| io the community, to resume the! payment ot specie whenever the enu-' i ses producing the present suspen sion shall cease to render the mea sure an imperative duty, JOHN MOORE, President of the Bank of Augusta. AMORY NIBLEY, President of the Mechanics’ Bank. JOHN PHINiZY, President of Brand) of State Bank Geo. PETER BENNOCII, President A*igusta Ins. Banking Co. IIAYN BOVVDRE. Presid’t of Bianch Geo. R.R. & Bank’g co. VVIILIAM harper, President Branch Bank of Darien. Banks. Capital. Discount Circulation. Specie. Bk A 2’a 1,200,000 1,684,818 610 96, 242 523 Slate Ban k, 450,0<»0 suß 708 Bt> 3>>8,346 2< >6,689 33 Meeh’s B. 1 ,<>o<>,o<»o 1, 185,612 97 3*>2.158 176 286 19 i A. I\ B C. 472,645 611,4*>7 .>8 175,522 65.53010| grr& bc. 350 000 486.178 94 234 255 102,325 lo ) B. Dn Bank 145,47>> 2*3,534 97 85,0>>0 J9,8»0 3,618,145 4,760,260, 761,716,221 8)3,153 74 “What harm has it done T' Since the Nullifiers have again changed their coat, the sight of certain old buttons and cockades throws them into spasms. As bad as the vvoolf hated to be stripped of the lion’s skin he had crept into, do the Nullifiers hate to be stripped of the title of “Republican,” which they have lately assumed. The Messenger piteously asks, “What harm has Nullification done? don’t tell us what great harm it could have done, but what has actually been done !” What harm has it done? The same tiling was asked by Benedict Arnold, after trying to sell his coun try. The same was asked by Aaron Burr, after the failure of his famous conspiracy ; and the same was asked by the Hartford Convention, after its abortion. What harm have they all done. — Macon Telegraph. From the Savannah Georgian, ,May 25. JU The rumors from Flordida, as detailed by the Jacksonville (Courier of Thursday last, are contradictory, and unsatisfactory, as regards the dispositon of the Indians to cease fiou) hostilities. “timid and apprehensive ol foul play from the whites.” TEXAS. From <he Talasco Iltrald, May 11. Our Congress is now in session, iand matters ot importance will, no doubt be transacted during the present and next month. We hope that there will be something done for the improvement of the public roads. The propriety of such a measure will readily be seen, when the immense tide of emigration, which has already commenced to flow towards the shores of our new Republic, is taken into consideration. 1 here is not a vessel arrives without families on board, who ii.tend to make 'l’exas their “future abiding place”—the laud ol their subsetpu nt weal or woe. Ihe time is close at hand when they will commence coining in by land ; and when they do, will it not be necessaiy tiiat our t >ads should be in g >od co i liiioi) ; at 1. ast in a better one than they are now, or have been, in the course of the last two or three years. It will not only facilitate the comfort of the traveller, but will in every way add to the prosperity of our government.—(l tr country will moM xtirely be popula te*!, which will enhance the value of individual propertv, of the public domain, and give a fresh impulse to our foreign a*id domestic trade and commerce. W e truly hope that this matter will he considered and acted on by their honorable bodies. 1 here is a rumor that Anna has been restored to power in Mex ico. and that the Independence of Texas has been ackowb dged bv that Government. It was reported hen* that Mexicans ha I arrived at head quarters, from Mexico, with a flag ot truce and otlici d papers con taining the above intelligence. ( apt. Joseph Powell, we understand, pas sed through Brazoria on ’Tuesday last, on his wav to tin* town of Hous ton, with the papers alluded to in his possession, and one or tu o of tin .Mexicans in company. We do not feel willing to say much on the sub- ject until we hear something more, and that better auth titi- ated. If we continue at proper intervals to have such seasons as we had yes terday and the evening before, our' farmers cannot fail to have a large quantity of corn, and other produce to dispose of, for which they will have ready sale, and receive the “ready money” the ensuing fail. CHEROKEE EMIGRATION. We have been informed by Gen. Smith, su perintendent of the Cherokee emigration, that the deiacbrnent of Cherokees, who left a short lime ago for she West, made a quick and very fortunate trip. Every individual who left, ar rived in safety ; and not a death or birth hap pened while on their journey. In four days after their arrival at the West, they received j their p iy, for one year’s subsisrance. Tins I astomsmng good fortune, Geo. Smith informs ns has had a very happy effect upon tne Chi r okees yet remaining, and they are daily en rolling theii names in great numbers, for em igration. We are njoiced that die Cherokees have, al length, Io en influenced to pursue the only course which in our opinion, can save them from that annihilation, as a n tirm. wl.u b has always befallen every Indian tribe, surrounded bv the white people. The mdd, but prompt measures pursued by- Gen. Wool and Gen. Smith, we have no doubt had a very salutary effect, Lo tbe.r comse, particul irly that ot Gen. Wool, who had been sometime in the Cherokee < oumry prior to the appointment of Gen. Smith as Superimeiident of the Cherokee emigration is mainly to be attributed the speedy removal of the detach ment above spokon of, the good forotne ol which is now having such a happy influence upon those remaining. Tennessee Journal. From the Savannah Georgian. VIRGINIA LEGISLATURE. The Governor of Virginia having called an extra session of the Legislature of that State, for the 2 id Monday in June, a Constiti tional question has arisen, io wit : which Legislatm shall convene? The members who composed the Legislature last winter, or those who were elected last month? The Governor has sont his Proclamation to the old numbers, Mr. Baxter, the Attorn*** General, having declared as his opinion, tha* the members of the Legi-I < mi **, last winter, enmpo-e the present General Assembly of Virginia, and that the delegates recently elec led do not enter on their term of office until October next, (1837.) The Governor, says the Richm md Enq >i rer, will theieG»re send a copy >1 Mr Bax'ci’.* letter not only to the members present, bm • C «**>•*• I lormiml A Thesanit paper remarks—“|i is f<>r tinam | for the peace of Par ms, if P<>li'ics could have been dragged into the conir »v> rsv, that the same party lias a decided ascendancy m both Legislatures —and. therefore, neithei Political Party has any material interest in the decision j ot the question.” THOUGHTS ON MARRIAGE. 1 i ' I D'd young people s**ri<»Mt»ly consider the *j mj <<r an( change which nvnnage must neces " -.ardy produce in their situation, how much ; mere cautious would it make them in forming [ 'heir choice of a comp-mum for lite? \las! i what avail the graces of the finest figure, the [ m<>st captivating ddress, the assemblage of all { that is ensnaring, if the heart is depraved, or ■ j the conduct impr<>dent. The gayest nssoci- I I at' of the convival hour may be the dullest, the most unfit companion, for the domestic . cm le : and he, who is never sati-fied but in » , crowd, or when engaged in n continual round ■ of pleasure, is very, .mlikclv t<> m .ke a tender anil | rodent husband Should sickness and disliess draw near, depend upon i , he wll ti* Ip m hen approach. If beauty alone ex • in d hi> compassion, it w ill < ease to exist when you re deprived of those aiirartiims <>n which i w,i- found'd. Il lortone was I,is md'iee m< f ! litWl I nkewise *<>Oll I->Sc Is i :lue m h s«r id mind ; an ! H e civ p*»TM>n who br tight turn lie wealth ( r which he sighed, will be c tiXnJ' led, as lhe grand ob-la«le to fits ci joy men . 'loo often is ibis unpleasin" i picture to be seen tn m»uv discontented fami lies, which a little seitous n flection might have prevented being so unloi innately real ized. Never lie pieva l< d upon io Meld your heart to any one, how. v r tie may shine in the gay circle «>t the world, d you are convinced that he has no relish for lhe enjoyments of a relin d hfe. Ihe man who likes every Lou-e better 'han his own, will scan e|y lake ihe trouble o| making home agree able to otheitt, whilst it is di.-gusiing to htmsi It. It will be trie only place in which he gives way to his d scontem and ill humor : such people are for 'ever straugeis to the deal delights of the so- *i i| state, and the real comforts of a well regulated family. He that is r disciimmau ly at h<>me is never .it home, and he !■ els hirnseli a -tranger or a visitor umidst I,is closest connections. Love.— Love < x ills an I purifies our natures —it i> mi d op.>n us i.y nil dgeni heaven, ti order <> si.hen the rigidnes- <d our humors, ti mp* r be viofc c of our passions, and swee ten the fuller draught of life. A Feelixg Reply. Milton was asked by a rirn'i whether he would , instruct hi> daughters ;n the diffi rent 1 languages, to winch he replied.— ! “No sir: one tongue is sufficient for a woman. h E U <t> T Ol) 3 A A -«* a* i . ■ I HI. 11. GATrJESIGHT, Kditor. JU3TS 3, 1837. ■"■ -■ - • 1 --inn- —ii r ~' GXj” The reader will find in another part of this day’s paper an address by the Banks of( Augusta to the people, setting forth the various i causes which have compelled them to rosort ' to the dangerous policy of a temporary sus pension of specie payment. —(2o© The Times. Up to our latest intelligence from New York, we are advised, that, since the suspen sion of Specie paymen by the banks, “mony is getting pbmy” in that city. The Express says.—“We regret to learn that a v ry Urge amount of Souther.i bills! have come back protested. I The .American savs —“There is much fer ment again in Wall street. Under instruc-| tions from the Treasury, the Collector to day refuses payment for bonds in any thing bu specie, but offers to extend bonds on the i lertns set forth in '.hose instructions. Thus, ihe Collector’s purpose of “throwing himself upon Congress for his justification,’ in a ! d.fferen: comse, is speedily al an end.’ From the .Yew York Daily Express Launch. —Th ■ s earn ship which was built at the Navy Yard Br-mkly, was launched yes terday. She is pierced for 16 guns, and is, we leirn, ii> he fi rd for sea immediately Curious Fact.— ln looking over our reports ol ■ rrivais yesterday, we find tha the>e were four tort ign vosels to one American. The fl >gs of no less than 11 nations came into our pm I yesi« rd;-y I hree or tour New O'bans B inks 'till pay specie. The True Jim ricin of Friday says ; The suspended B ions are wiselv cautions in their diM-onois; yet the assistance they are enabled io afford is begmgnmg to be felt. Some iit ir sor is ex timied iu prod ce, though colion is slow and < a itmi.s. THE BANK OF THE UNIT F.D STAT US. Tut •» .isiiingi'Ki i»L be *>f the 16 h mst. s.iys —• Ii ih piriended by the friends of this ii.siliuiioti, that ii •>!.>.>n*-d altogether out ol cowries, tor the other banks and for the sake ol I*llll delphia, It bad at fust refused to go into the measure in concert wnh the oth* r banks—iried to prevail on them to support i> wuh iheir money m ihe resolution of standing oui, and actually di-pi iyed a barricado of sp> *•10 0.1 Us coiiiilei, u. pioiect its Imnor and < redo! Its bulletin eve.n i< iU m (hai it hehi this atnude mini wiliiui 'Uhree minutes" ■ I he hour when n w<u io make an exni .iiion of that strength which had, hi one lime promised lo bold up wiih one hand the whole .»>»rca.iuln 41. bl ot New Yolk of \e \\ Orleans »uh ihe other—while Pnuadetphia was to rest we. suppost, on the ehoulders of 'he giant. " tViihin “tlnee Minutes’’of th** time tha* Goliali was to make a demonstration hi ■ powers, (j si by wav *»f show what he could) one *»l ihe small ciiy banks sent a small peb ble from a s mg, which, wh'zzmg by him, a- wakened Ins attention. He was not fi dth . he ir.osi pay $70,000. Another sent him woid hat be musi stand the shock of ov* r $l3O 000, which he would he good enough to make immediate preparation to meet. Bm a I < ircumstamm which is toid by Ihe le ler writr i of the intelligencer at once induced Nichola to swo p his counters in haste, and pack op his money for exportation. I’lie newsman *•■ the Imrlligencer exults thus in relating tin maiter. “77ir Yankees were behindhand this time two gem lumen f>om Motion arrived ix/ness in the cit > this nuiri'ing, and presen ed not s and drafts to the amount of n ne him Ir el and for ty thousand dollars, demanding specie for them." “They came “three minutes” too late. In three mioulas (he three drafts we have mcri nonod would have left him Without a dollar, md wiih a cn*ula'ion of six or s* v<'ii millions, witiioll! an o ill' <■ '•( gold oi s Iver lo rest iiu " Il •>. i" w oild Ii ive serv- <l, Mr B. could have supplied H out of his private slock.” i I ne. N 1 >rk Franshript of i'hiirsday list, says —The b Ils (he U*-i ed Slates Bink are nui taken by our city banks on d**posiie.” M e trust wur readers ami the country gem rally, will profit |>y ihe following sensible remarks of ihe Hichinond Enquirer. IHEGREAT DANGER—AND IHE REMODY Ihr Bank of England suspended specie payment, formerly, f r one v* ar onh— Tl,. y did not return to :t lor 20 or 22 ye.r-*. ihe Banks of Pull itblpur. pledged them selves io resume specie pay I ,r. war was over. Bit th-y did noi nilurn io their., nil iboui 3 years after—Ami for ihe plame'i reason in ine world—that being nd of all lesirumt and tempt'd to over issues, dike other institution-,) n.ey re* klcsslv extended their discounts, fl i.ded the <omiry with pa- I per, and thus < n ,tei) ihe c fii .Ity of cm'ail- mg ih' ir loan*, and railing in mnir nines. 1 in- - line dinur hr a ijs al lhi« lun". H•• tnuMi guild ajaiiisi over i-suia, if (hi* Bi ks, i lu'end to urn ape ir pavmi'iits. 1 tie; .niiS' be wtrclied an I rsliirhdby tne power <>l nw I egi-|aiuie. —(J hhi ibis prim i pie, ihe Ass> inbiy of >rw V jk pr .poo-M ml a.nrnd iheir Xspi'ibi n Bill, co as m prrvenl any divid< ..<]■» being made, until sj ecie pay ments Shall be rmuuird. \V e irusi, that our G-neril Assembly will make necessary rtsiriciiuns at (heir Ex- tra Session, to tie up the hands of on r Banka. Checks ought to be imposed on ih>*ir circula tion—A m mihly return of the am mni nf «hei r discounts and ciiculahon sit >utd be made lo the Extensive and regula ly published, &c. The great labor should now be to resume specie paymn's as soon as possible. Every preparation should be m ide for this im port mt event. If the States will exercise t'ieir authorities wisely, w*‘ may teuniaate at no distant day the present derangemeiis <>t the Currency—Ali neceesary res rieti »i»s on the existing Bmks —No new Bank to be char tered—no small notes to be issue I—md a fu ture permanent system the sm ill rimes to be abolished as fast and as far as possible—Pro duce in the management*)!’ our private con erns—E :onomy m expences, and industry in production, will contribute to relieve the coun try from embarassmen —enable debtors to discharge their debts—the d talers to curtail their notes in Bank—and the Banks to call in their paper, and prepare tliewiy for the ra i sumption of specie p iy nmits. We shdl get on. with >ui any National ! Bank which is incompatible with the Consmu ;timi, and is armed with powers d mgerous toa (Republic Besides, if it be constituted as the last Bank was, it cannot remove the d;ffi - ul- H les allendent on the expansion and cmiirac ii >n of the currency. It it »-x,>ind<, so would the Suite Bmks—and when it con.rai s, so will they con facts. FOR THE RECORDER. Fourth of July, At a meeting of the citizens of Dahlohnega and its vicinity, this day held at the Court-House, fur the purpose of making siutab e arrage ments for the celebration of the ap proaching anniversary of Am rican Independence, Green K. Cessna Esqr. was called to tha chair, and M. 11. li’athright E»qr. appointed Secretary. 'Hie object of the mee ting having been brietly explained Jby the Chairman, the following re lations were introduced by R. A. Holt Esqr. and unanimously adop ted by ihe meeting- Resolved.— That in consideration of the important services which have be. n rendered to the people of Georgia, and particular}- that por tion resident in the Cherokee < oun try, by Gen. Wool & stall & apt. Herrick and Capt. Buffington’s com panies now stationed at New Echota, that a committee of five be appoint ed to invite them to participate with us at the celebration of the approach ing Anniversary, and that tne Chair man of this meeting be the Chairman of that Committee. Whereupon the Chair appointed the following Gentlemen as the oth er members of that committee, to it: Messrs. ILA- Holt, John M. Me Allee, Anderson Pinchback and Reuben Wat son 2 Resolved.— J’hat a committee of ix be appointed to select an Orator, reader all other officers of the day. I he chair then appointed the fol lowing gentlemen to constitute that committee, Messrs. VV’m. B. Wof ford, M. 11.-Gathright, E. W. Cole, W. M. V arnum, J. R. Dorsey and H. W. Riley. 3 lies dr cd.— That (lie citizens of Am ar in ami tfte citizens of the coun ty generally, be requested to unite in the celebration at this place, & that a coininiit.ee of two or in ire persons be appointed in each District of this county to ra s t by subscription, an amount sufficient to defray the ex pence ol the dinnnr, & that they re port to, ami pay over to the Com niitiee of arrangements whatevera niouitt th* v mav have received on the 3*l. monday in June next. Under this resolution the Chair appointed. Ber ry TurntT, Irvin Disharoon, John I), fields St nr , Williarn O. i? owr.iari, Robert Obarr, Samuel Eaton, i/ah iel l).t\is, John Rider, lias l itrner, It it hard •* irden, ( harlesl. I liomp- son, John W. Keith, Robert B. Meh’lure, Jasper Johnson, Reuben Barrett, John W. Hughs, Matthew Stephenson, William stocks, Ros well Hall, William B. Hubbard Thomas Lilly, «. s . () gllv i e and Joshua Welch Esqrs., that commit- ■ tee.