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BrnnsbiicU. JUnjocat^-
DAVIS Sz SHORT, PUBLISHERS.
VOLUME Z.
The Brunswick ,‘tdvocatc, i
Is published every Thursday Morning, in the
city of Brunswick, Glynn County, Georgia,
at per annum, in advance, or $4 at
the end of the year.
No subscriptions received for a less term than
six months and no paper discontinued until all
arrearages are paid except at the option of the
publishers.
Jj=All letters and communications to the
Editor or Publishers in relation to the paper,
must be POST PAID to ensure attention.
O’ADVERTISEMENTS conspicuously in- j
serted at One Dollar per one hundred words, j
for the first insertion, and Fifty Cents forev-;
ery subsequent continuance—Rule and figure \
work always double price. Twenty-five per I
cent, added, if not paid in advance, or during j
the continuance of the advertisement. Those j
sent without a specification of the number of
insertions will be published until ordered out*
and charged accordingly.
Legal Advertisements published at the
usual rates.
O=N.0 = N. B. Sales of Land, by Administrators,
Executors or Guardians, arc required, by law, I
to be held on the first Tuesday in the month,
between the hours of ten in the forenoon and 1
three in the afternoon, at the Court-house in j
the county in which the property is situate.—
Notice of these sales must be given in a public
gazette, Sixty Days previous to the day ot
sale.
Sales of Negroes must be at public auction,
on the first Tuesday of the month, between the
usual hours of sale, at the place of public sales
in the county where the letters testamentary,
of Administration or Guardianship, may have
been granted, first giving sixty days notice
thereof, in one of the public gazettes of this
State, and at the door of the Court-house, where
such sales are to be held.
Notice for the sale of Personal Property, must
be given in like manner, Forty days previous
to the day of sale.
Notice to the Debtors and Creditors of an Es
tate must be published for Forty days.
Notice that application will be made to the
Court of Ordinary for leave Land, must
be published for Four Months.
Notice for leave to sell Negroes, must be
published for Four Months, before any order
absolute shall be made thereon by the Court.
PROSPECTUS
A WEEKLY PAPER,
PUBLISHED AT BRUNSWICK, GLYNN
COUNTY, GEORGIA.
The causes which render necessary the es
tablishment of this Press, and its claims to the
support of the public, can best be presented by
the statement of a few facte.
Brunswick possesses a harbor, which for ac
cessibility, spaciousness and security, is une
qualled on the Southern Coast. This, of itselft
would be sufficient to render its growth rapid,
and its importance permanent; for the best
port South of the Potomac must become the
site of a great commercial city. But when to
this is added-the singular salubrity of the cli
mate, free from those noxious exhalations gen
erated by the union of salt and river ~waters,
and which are indeed “charnel airs” to a white
population, it must be admitted that Brunswick
contains all the requisites for a healthy and i
populous city. Thus much has been the work
of Nature ; but already Art has begun to lend
her aid to this favored spot, and the industry of
man bids fair to increase its capacities, and
ailil to its importance a hundred fold. In a
few months, a canal will open to the harbor of
Brunswick the vast and fertile country through
which flow the Altamaha, and its great tribu
aries. A Rail Road will shortly be commenc
ed, terminating at. Pensacola, thus uniting the
waters of the Gulf of Mexico with the Atlantic
Ocean. Other Rail Roads intersecting the
State in various directions, will make Bruns
wick their depot, and a large portion of the
trade from the Valley of the Mississippi will
yet find its way to her wharves. Such, in a
few words, are the principal causes which will
operate in renncring Brunswick the principal
city ot the South. But while its advantages
are so numerous and obvious, there have been
found individuals and presses prompted by sel
fish fears and interested motives, to oppose an
undertaking which must add so much to the
importance and prosperity of the State. Their
united powers are now applied to thwart in
every possible manner, this great public bene
fit. Misrepresentation and ridicule, invective
and denunciation have been heaped on Bruns
wick and its friends. To counteract these ef
forts by the publication and wide dissemination
of the facts—to present the claims of Bruns
wick to the confidence and favor of the public,
to furnish information relating to all the
great works of Internal Improvement now go
ing.on through the State, and to aid in devel
oping the resources of Georgia, will be the
leading objects of this Press.
Such being its end and aim, any interfer
ence in the party politics of the day would be
improper and impolitic. Brunswick has re
ceived benefits from—it has friends in all par
ties, and every consideration is opposed to
rendering its Press the organ of a party. To
the citizens of Georgia—and not to the mem
bers of a party—to the friends of Brunswick—
to the advocates of Internal -Improvement— to
the considerate and reflecting—do we apply
tor aid and support.
Terms —Three dollars per annum in ad*
v once, or four dollars at the end of the year.
J. W. FROST, Editor.
DAVIS & SHORT, Publuherv
BRUNSWICK, GEORGIA, THURSDAY MORNING, SEPTEMBER 21,1837.
.U ISC ELL AX Y.
From the New Monthly Magazine.
ETIQUETTE.
In an unfrequented and thinly peopled
part of the country, towards the western
borders of Warwickshire, there chanced
to he let furnished two large substantial
houses, distant about a mile and a half
from each other. It happened, also, that
two families of distinction came at the
same time, and for reasons as cogent,
though somewhat different from those of
the absentees, took possession of both.;
The one family consisted of four fair
daughters and a youthful son ; the other
of a son, now of age, and of two youn-j
ger sisters. The head of the one house I
was Sir Marmaduke Dyer; the chief of!
the other, Sir Frederick De Vere. The
dwelling-houses of which we have spoken ;
stood alone upon a superficies of fifteen
miles square : they faced each other— j
hut there was no immediate route ot ac- \
commodation between them—and a mar
ket village and a parish church lay far
away to the rear of both.
The families whom we thus introduce
to the reader were equal in rank, pretty
much upon a pair with respect to the
style of their respective connections, and,
for a wonder, pretty equal in wealth.
Lady Dyer was a woman of elegant man
ners, and of first-rate accomplishments,
and her daughters were her counterparts,
as far as regarded initiation into the usa
ges of the liaut ton. Lady de Vere was
all this repeated, the son was handsome
and well esteemed, and the girls were
pretty. Both families, indeed, consisted
of persons who. were by nature, habits of j
thinking, and manner of life, perfectly
waited to one another. Indeed, more a-,
greeably amalgamating materials could
no where have been found. They were j
in a manner born congenials, and their
breeding was in harmony with all theoth- j
er features of their condition.
There is a small, still voice, or rather
a pretty loud one, that proclaims every
tiling to every Body, wherever there are
but a lew inhabitants scattered over a soli
tude. The families could tell to the scan
ty guests who came from afar in order to
fulfil tfieir long-promi.se<| visits, the whole
history, character amjr condition of all
the individuals who composed the house
hold of each other respectively. But
their personal knowledge was a blank;
the parties were not acquainted ; no, not
in the least. They had never met even
upon neutral ground. They had, perhaps,
tracked one another through the queen’s
drawinging-room, and that never on the
same day. Unluckily, too, they went
eacli to separate churches, and in their
drives and pastimes they chose a contra
ry direction ; for in this each was simp
ly guided by the fear of being suspected
of seeking lor the good graces of the oth
er.
A year and a day passed. The fami
lies tired, as every body does, of their
own particular coterie. In a word, both
fainajies longed, and eventually prayed, to
he permitted to sympathise and to recip
rocate with one another. As we can
but too well*guess the enmity or the'in
clining dislike of the different persons
whom we encounter in our worldly pil
grimage, so there happens to breathe an
air that tells us we are coveted, though it
is very rarlt that we may be beloved. The
families were aware of the good intentions
of each other ; and situated as they were!
upon a wide and almost dreary solitude, I
and both of equal and unexceptionable}
rank and character, both sighed for the
hour when they might be permitted to ex
press their mutual good wishes and regard.
But there came the dilemma —who wasj
it that should adventure the first move !
Alas! the heads of both families shud
dered at the bare idea of being for a
moment suspected of descending from
their dignity; sympathy, kindness, be
nevolence, what were they when placed
in immediate opposition to the claims, of
punctilio and pride ?
Another year passed,and they had never
met. Both families, especially the youn
ger branches, mourned their solitude, es
pecially in wintry weather. Both sighed
for that pleasing relief which we so often
experience in the presence of a fellow be
ing not constantly shut up w ith us in the
same house. Still, notwithstanding the
good inclinations of all the parties, there
was not even a casual symptom of an ap
proach. The grand misfortune, equal to
any, indeed, ever planned by a book of
fate, lay in their having m.'luckily arrived
in the country at one and t e same time.
Hud it been otherwise, the I. st comer, oil
ascertaining the quality of his neighbors,
would have hastened, no doubt, to com
pliment the second. What, then, was to
be done 1
Sir Marmaduke Dyer sat one evening
rather late over a tray heavily laden with
social comforts,in company with the coun
try physician; and having kept his birth
day,Sir Marmaduke was in a mood uncono*
raonly facetious; the rest of the family had
dispersed. “I wisb so much,” be said,
“Lady Dyer had had the pleasure of La
dy De Vere’s acquaintance. I know them
to be a most respectable family, and by
the way, through the grandfather old Sir
Willoughby’s marriage with a sister of
the first Marquis in Mountford, I find
that I am, though rather in a distant de
gree, connected with them myself Such
delightful neighbors, too! —they might
prove quite an acquisition ; but I don’t
know them, and there is no master of
ceremonies at the nighbouring village.”
“And is that all ?” returned the friend- |
ly visiter, in a voice of sudden glee, and |
beguiled completely by the cordiality of
the baronet’s opening words. “Why, j
my dear sir, I shall take you to call on !
Sir Frederick De Vere myself, any day ; !
I am most intimate with him.”
“Thank you,” drawled the baronet in '
response; “but the truth is, I have got]
very little time upon my hands just now.
By the way, doctor, do you ever find any
difficulty in making out your way when
it grows late ?—the moon has waned, I
fear, by this time.”
The doctor rose, a half-scared young
man, who always did his best, but always
at the wrong time. “Well, good night,
Sir Marmaduke.”
“Good night,” returned Sir Marma
duke coldly, hastily resuming his seat.
A servant came to wait for orders. “Is
he gone ?” yaw ned Sir Marmaduke.
“He is, Sir Marmaduke ; and the night
is wet.”
“Just so. Now, Gregory, you will
take care that that man be not admitted i
for the next three months, unless, j
indeed, Lady Dyer or any of the others!
get indisposed. lie is a great goose. Call
Stevenson and the baronet, still brood
ing over the unintentioned attack upon
his dignity, and the still more serious one
upon etiquette, murmuring indistinct
things, retired.
It happened at this very time that Sir
Frederick De Vere, the head of the oth
house, had had a lingering sickness. Ilis
daughters, fatigued with their long attend
ance, were gone to Cheltenham; the son
was gone to grouse-shooting in the north.
Lady De Vere disliked ecarte, and chess,
and music ; she disliked every tiling, and
I she seldom talked ; she was solemn —that
was enough; and of course Sir Freder
ick grew weary. His next neighbour,
Dyer, was a most agreeable man, ayd a
perfect gentleman ; politics the same, re
ligion, ditto; no cause, no fear of feud;
was no bird of passage, and might com
fort a few lonely ho;.rs—his son had ex
pectations. So communed Sir Frederick
De Verq. But another motive prevailed;
he thought himself handsome, and he wea
ried to pay compliments to the Misses
Dyer, who were esteemed beauties. La
dy De Vere, was different from all other
women. She loved that her husband
should be, in vulgar parlance, “thought
of’ by others of her own sex. Sir Fred
erick determined to make a push. He
had an old or rather an intimate friend in
the Earl De Camp. He wrote, —
My dear De Camp,—lf you know any
thing of Sir Marmaduke Dyer, who is my
neighbour, get me introduced. 1 write
to you, as you are one of those good sort
of people who know every body.
“In haste, yours truly,
“F. Da: Vere.
An answer came, —
“ Dear De Vere, —You have hit upon
the proper chord. . I know Sir Marma
duke intimately ; I sTiall write to him to
morrow, and desire him to call on you.”
The Baronet had mended still more
effectually out of his long illness, and
his notions of propriety, and more espec
ially of etiquttc, had grow n afresh.
“Church and state !” he internally ex
claimed, “what in the world have 1 done?
Dyer must see through my mameuver at
once, for De Camp could not, without a
hint, have started forward at such a rate.”
He rose with newfound alacrity, and
rung a peal. “Get me,” he said, half out
of breath, “get me an express on the in
stant.”
He wrote again to the Earl De
Camp,—
“What have you done ? You have
committed me with Dyer. You have
been insufferably rash : and all that I can
say is, that if he calls upon Lady De Vere
through your letter, she shall not be at
home. I make over to you that cob,
which I find has not sold ; otherwise it
might have eaten itself up. Yours truly,
“F. Dr. Vere.”
The fears of Sir Frederick De Vere
w’ere fortunately allayed. Another letter
came from the Earl De Camp.
“Dear De Vere, —You certainly arc cra
zed ; however, I have not sent my letter
to Marmaduke. I was dressing for aball,
when I recollected what I had promised to
do for you ; and it was awkward to inter
fere with the arrangements of my valet.
Luckily the next day brought your ex
press.
“Pray live at home at e**e, and believe
me, yours, ® Da Camp.”
“P. S.—l like the and I don’t
like the cob.”
“HEAR ME FOR MY CAUSE
Another horrid year passed on. A
public ball was struck up, to take place
in the county town ; and it was announ
ced that Sir Marmaduke Dyer and Sir
Frederick De Vere wore to appear as
stewards, and their ladies as patronesses.
Meet, therefore, they must. The day
came. But, oh, misfortune ! Sir Freder
ick De Vere, in making a false *tcp, had
sprained an ancle.—Lady De Vere was
confined with a had cold. Here then
was a complete finish to the anticipated
meeting. Another year, and then anoth
er, passed away: game-keepers had
exchanged quantities of pheasants for
quantities of something else; gardeners
had given up white moss-roses in order
to secure blackberry-caloured narcissuses;
horses were put to pasture for a night,
and the use of empty coach-houses sought
4’or, and readily granted. Nevertheless,
all this friendly and even intimate jjiter
communing came to nothing. Eacn fam
ily shrunk as from a viper at the inert
idea of taking advantage of any of these
conciliatory circumstances. They even
suspected the suspicions of each other,
and there they paused. The demon eti
quette was ever at their elbow, prompting
them to stem the outgushing of their na
turally kindly affections. He was too
successful in iiis assidnties.
For five mortal years were human be
ings, intellectual, accomplished, friendly,
and social, thus kept at bay, and detained
in comfortless ignorance of one another,
through the mere idea, the vague nothing,
of etiquette; and etiquette, insubstantial
as it was, was likely to see them all depar
ted from off the face of the earth, and no
trace remain. Indeed, two deaths had
recently eccurrcd in both of the families ;
a daughter ofeacli had grown consumptive
and sunk beneath that foe to lovliness
and to youth. No black-edged cards
however, been sent; no reciprocal
enquiries had been made ; pride and
suspicion seemed in this instance to over
match even the awful occurrence of death
itself.
At length a fire broke out. The acci
dent, as it is called, took place at Sir
.Frederick De Vere’s ; the family, simply
| escaping with their lives, were conveyed
in safety to the neighbouring mansion
of the Dyers. The meeting took place
under rather interesting circumstances,
and further acquaintance did not destroy
the illusion : the parties when once known
became one and every thing to each oth
er; but—that fearful, that all-prevailing
but —all too late: the only sou of Sir
Frederick became enamoured of the
lovely daughter of Sir Marmaduke. Alas!
she had engaged to marry, within a month,
a tnan whom she had uniformly detested.
The son of Sir Marmaduke, now grown
to man’s estate.fancied the younger daugh
ter of Sir Frederick. Alas! she also
was engaged to espouse an Irish colonel
of foot, of whom she knew nothing.
The new-found lover himself must short
ly follow his regiment abroad. Sir Mar
| maduke Dyer and Sir Frederick De Vere
were become on the instant the greatest
> possible fitiends ; personally they esteem—
jed each other, and mentally they agreed
. upon every thing. The ladies—ah! won
| Her fulfilled !—the ladies also became at
i tached to each other. All was, however,
| too late. The lease of Teasedule House,
| the residence of lady Dyer, was out, and
' she and hers were all departing. Sir
Frederick and Lady De Vere must also
| move. The fire had driven them forth,
I and they must be gone. The Dyers went
north, the De Veres went south. The
; families were obliged to separate, and
that in the height of their mutual re
! gard. They who when met had so-fond-
Iv and so truly loved, parted as all must,
I and we fear with but feeble hope to meet
again. Such is one of the many exam
ples we could name of the power, the ty
ranny, of ETIQUETTE.
A Mistake. —fine Sunday, when that
eminent Christian, the Rev. Sir 11. M Oll
cricffwas minister of Blackford, the pre-
I centor came to the church w ith the hack
! part of his large curled wig turned to the
forepart of his head. ’Die minister gave
out the 71st Pslam to he sung, beginning
’at the 7th verse. When the precentor,
! stood up to sing the first line, which runs,
! “To many Ia wonder am,” the people
could not help looking and laughing at
him. Sir Henry, observing the point to
which the people’s eyes were directed,
looked over the pulpit, and seeing the mis
take, gravely said, “And so, sir, you are
1 a wonder to many ; turn the right side of
! your wig foremost ” —[Glasgow Courier.
A young man, desirous of engaging in
'matrimony, once asked thephosopher Ar-
J istappus, what kind of a woman he should
choose for a wife. ‘lndeed I cannot ad
vise you,’ said the cynic, ‘if she is beau
tiful, she wilUdeceive you, if she is ill-fa
voured she will disgust you ; if she is
rich, she will domineer over you. Indeed,
!my young must be your own
counsellor in thifnatter.’ .
MESSAG E
FROM THE
PRESIDENT OF THE UNITED STATES
To the two Houses of Congress at the Com
, mencement of the frst session of the Twentj
-1 fifth Congress.
Fellow citizens of the Senate
and House of Representatives.
i The act of the 23d June, 183(1, regu
lating the deposites of the public money,
and directing the employment of State,
District, and Territorial banks for that
purpose, made it the duty of the Secre
tary of the Treasury to discontinue the
use of such of them, as should at any
time refuse to redeem their notes in spe
cie, and to substitute other banks ; pro
vided a sufficient number could be ob
tained to receive the public deposites, up
on the terms and conditions therin pre
scribed. The general and almost simulta
neous suspension of specie payment
Iby the banks in May latit, rendered the
performance of this duty imperative in
respect to those which had been selected
under the act;.and made it, at the same
time, impracticable to employ the requis
ite number of others, upon the prescrib
jed conditions. The specific regulations
| established by Congress, for the doposite
and safe keeping of the public moneys,
have thus unexpectedly become inopera
tive, I felt it to be my duty to afford you
an early opportunity for the exetcise of
your supervisory powers over the sub-
Iject.
j I was also led to apprehend that the
suspension ot specie payments, increasing
I the embarrassments before existing, in the
pecuniary affairs of the country, would so
far<diininisli the public revenue,that the ac
cruing receipts into the Treasury, would
not, with the reserved five millions be
sufficient to defray the unavoidable ex*'
penses of the Government, until the usu
al period for the meeting of Congress;
| whilst the authority to call upon the States,
| for a portion of the sums deposited with
| them, was too restricted to enable the
Department torealize a sufficient amount
frwni that source. These apprehensions
have been justified by subsequent results
! which render it certain that this deficien
j cy will occur, if additional means be not
! provided by Congress.
The difficulties experienced by the
| mercantile interest, in meeting their en
gagements, induced them to apply to me,
i previously to the actual suspension ofspe
, cie payments, for indulgence upon their
i bonds for duties ; and all the relief au
jthorized by law, was proinpTy and cheer
fully granted. The dependence of the
Treasury:upon the avails of those bonds,
to, enable it to make the deposites with
the States required by law, led me in the
outset to limit this indulgence to the Ist
!of September, hut it has since been ex
tended to the Ist of October, that the
j matter might be submitted to your fur
ther direction.
Questions were also expected to arise
in the recess in respect to the October
instalment of those deposites, requiring
the interposition of Congress.
A provision of another act, passed a
bout the same time, and intended to se
cure a faithful compliance, with the obliga
tion of the U. States, to satisfy all de
mands upon them in specie or its equiva
lent, prohibited the offer of any bank
note not convertible on the spot, into
gold or silver, at the will of the holder,
and the ability of the Government, with
millions on deposite, to meet its engage
ments in the manner thus required by law,
was rendered very doubtful by the event
to which I have referred.
Sensible that adequate provisions for
these unexpected exigencies "Could only
he made by Congress ; convinced that
some of them would be indispensably
necessary to the public service, before
tjje regular period of your meeting ; and
desirous also to enable you to exercise
at the earliest moment, your full consti
tutional powers lor the relief of the coun
try, I could not, with propriety, avoid
subjecting you to the inconvenience of
assembling at as early a day as the state
of the popular representation would per
mit. iam sure that I have done but jus-
to your .feelings, in believing that
this inconvenience will he cheerfully en
countered, in the hope of rendering your
meeting conducive to the good of the
country.
During the earliest stages of the revul
sion through which yve have just passed,
much acrimonious discussion arose, and
great diversity of opiuion existed, as to
its real^causes. This was not surprising.
The operations of credit are so diversified,
and the influences which affect them so
numerous, and often so subtle, that even
impartial and well informed persons are
seldom found to agree in respect to them.
To inherent difficulties were also added
others tendencies, which were by no
means favorable to the discovery of truth.
It was hardly to be expected, that those
who disapproved the policy of the Gov
ernment in relation to the currency,
would in the excited state of public feel-
J. W. FROST, £DITOm* %
NUMBER ltfe
ing produced by the occasion,fail to attrib
ute to that policy any extensive smbafrass
ment in the monetary affairs of the coun
try. The matter thus became connected
with the passions and conflicts of party;
opinions were more or less affected by
political considerations : and
were prolonged which might otherwise
have been determined by an appeal to
facts, by the exercise of reason, or by
mutual concession. It is, however, a
cheering reflection, that circumstances
of this nature cannot preveut a commu
nity so intelligent as ours, from ultimate
ly arriving at correct conclusions. En
couraged by the fi:m belief of this truth,
I proceed to state my views, so far a9
may be necessary to a clear understand
ing of the remedies I feel it my duty to
propose, and of the reasons by which I
have led to recommend them.
The history of trade in the United
States, for the last three or four years, af
fords the most convincing evidence that
our present condition is chiefly to -be at
tributed to over action in all the depart
ments of business ; an over action, de
riving perhaps, its first impulses from an
tecedent causes, but stimulated to its
destructive consequences by excessive
issues of bank paper, and by other facil
ities for the acquisition and enlargement
of credit. At the commencement of the
year 1834, the banking capital of the ‘
U. States, including that of the Nation
al Bank then existing, amounted to a
bout two hundred millions of dollars;
the bank notes then in circulation to a
bout ninety five millions ; and the loans
and discounts of the banks to three hun
dred and twenty four millions. Between
that time and the first of January 1836;
being the latest period to whidi accurate
accounts have been received, our bank
ing capital was increased to more than
t\go hundred and forty millions, and the
loans and discounts to more than four
hundred and fifty seveu millions. To
this vast increase are to be added the
many millions for credit, acquired by
means of foreign loans, contracted by the
States and State institutions, and,, above
all, by the lavish accommodations extend
ed by foreign dealers to <££ merchants.
The of tins redundancy
of credit and of the spirit ofreckless spec
ulation engendered by it, were a foreign
debt contracted by our citizens, estima
ted in March last at more than thirty mil
lions of dollars; the extension to traders
in the interior of our country of credits
for supplies, greatly beyond the wants of
the people ; the investment of thirty-nifle
and a half millions of dollars in unpro
ductive public lands, in the years 1835
and 1836, whilst in the preceding year
the sales amounted to only four and a half
millions : the debts to an al
most countless amount, for real estate in
existing or anticipated cities .and villa
ges, equally unproductive, and at prices
now seen to lmve been greatly dispropor
tionate to their real value ; the expendi
ture of immense sums in improvements
which in many cases, have been found to
be ruinously improvident; the diversion
r to other pursuits of much of the labor
that should have been applied to agricul
ture, thereby contributing to the expen
ditureof large sums in the importation of
grain from Europe ; an expenditure
which, amounted in 1834, to about two
hundred and fifty thousand dollars, was
in the first two quarters of the present
year, increased to more than two millions
of dollars ; and finally, without enumer
ating other injurious results, the rapid
growth among all classes, and especially
in our great commercial towns, of luxu
rious habits, founded too often on merely
fancied wealth, and detrimental alike to
the industry, the resources, and the mor
als of our people.
It was so impossible that such a state
of things could long continue, that the
prospect of revulsion was present to the
minds of considerate ihen before it actu
ally came. None however, had correct
ly anticipated its severity. A concurrence
of circumstances inadequate of themselves
to produce such wide-spread and calami
tous embarrassments, tended so greatly to
stggravate them, that they cannot be over
looked in considering their history. A
mong these may be mentioned, roost
prominent, the great loss of capital sus
tained by our commercial emporium in
the fire of December, 1835—a loss, the
effects of which were underrated at the
time, because postponed for a season by
the great facilities of credit then existing;
the disturbing effects in our crnninercial
cities, of the transfei#of jhe publi#mon
eys required by the deposite law of June,
1836; and the measures adqtttej by the
foreign creditors of oar merchants to re
duce their debts, and to withdraw from
the United Slates a large portion of crur
specie. *
However unwilling any of our oitiseat
may heretofore have been to asaign tft
these causes the chief instrumentality* 4*
producing the present state of things, the
developeraente subsequently mail, and