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rHOH THE UNITKDBTATEA TECEOEAEII, ]
UNITED KT 4TBS DANK. (
'f'VKNTV-Hf.'.OMi < CHORES* —Ist. SuBBIOK.
Jluusc of l’ v cscnlatives, Min ch 14,1932. (
p csl , t • That * select comm it fee be ]
appointed to inspect the books, and to ,
examine into the proceedings of the
Uuiik of the U. States, to report thereon,
end to report whether the provisions ol
iU charter have been violated or not.
that the said committee have leave to
meet in the city of.l’iuladelphin, mid shad
make then fimd report on or before Hie
twenty-first day of April next; that they
sh iil have power to send for persons and
papers, and to employ the requisite
clerk*, the expense of which shall be
audited and allowed by the Committee
of Accounts, mid paid out ol the contin
gent fund of the House.
REPORT OF THE M VJORITY.
Mr. Ci.avtox, on behalf of the majority
of the ('onnnlttec appointed on the 14 th
March. 1832, to inspect the hooka, and
examine into the proceedings <>i the
Hank of the United States, made the
following report:
la obedience to the foregoing resolu
tion. the committee under the
same, proceeded to the city ol Philadel
phia, and commenced the inspection of
the books, and the examination of the
proceedings of tlie hank on the 2ml ol
March lust : mid, utter the most attentive
nnd laborious Investigation which their
limited time would allow, the majority
have prepared the following report,
which they beg leave to submit to the
House of Representative!#,
They believed, that, ns the House
wished information more for the purpose
of enlightening their minds, and assisting
their judgments as to the expediency ol
again renewing its charter, limn to
nhridge it of the small remnant cl turn
left for its operation, a hb< ral construe
lion of the resolution would not be deem
ed a departure from their trust; conse
quently they have directed their inqui
ries to two general objects.
Ist. Whether the provisions of the
‘ charter had been violated.
2 1. Whether there have been any
circumstance of mismanagement against
which future legislation might guard, or
which should destroy its claims to I aeth
er confidence.
On the first point, following the exam
ple of a former committee, making a sim
ilar investigation, without expressing
any opinion on such cases us have been
subjects of imputation against the bank.
These cases they conceive to be six in
number, mid are as follows ;
Ist. la relation to usury.
2d. In relation to the issuing of branch
orders, us u circulation.
3d. Tho selling coin, and particularly
American coin.
4lh. The sale of stock obtained Ironi
Havcranient under special acts ot Con
gress.
flth. Making donations fur roads nnd
canals, nnd oilier objects.
flth. Euilding bouses to rent or sell, nnd
erecting other structures in aid ol ilmt
object.
On the first ground, the president ol
the bank refers us to a statement marked
iJ, nnd says itwill “explain the only eases
to which this description might be con
sidered applicable, tivo ot them beitii. -
eases in which the board repaid the a
mount considered over charged, filial in
regard to the third, no application has
been made for nay change in tlielorni o.
the original loan/’ !Soe said statement
mnked. io. I.
To a question asked the president
whether nay cases of disguised loan .
nod domestic bills of exchange, had
come to the knowledge of the pareiu
hunk, in which the brunches had receiv
ed usurers Inli'rest? He replied lie bad
never heard of any. but made a further
statement, marked No 2, in which lie
stales that the usual custom is to « barge
upon domestic bills of exchange, the rate
of Interest and tin* rale of exchange, aim
If tin sums united should exceed six pei
cent, it is net usury ; nnd given mi expla
nation in said statement
On the second ground, the committee
wiil submit document No. 3, and its in
closures, in which the etiuso mid origin
of branch drolls will be fully seen. Tin
I'residect steles “(he inability el the bunk
to furnish the amount of circulating me
dium, which it was created to supply,
became apparent at an early period. In
n year idler its organization, the direc
tors presented a memorial to Congress,
dated Dili .January, 1919, requesting that
nn alteration might be made in die •bar
ter, so us to authorize the prmid ul and
r t.diier of the seecntl brunches, to sign the
n >les issued by those branches.'’ ♦-'re
oopy of the me-aerial marked 3 A, in
xv Ideli it is stated “ that, inasmuch as the
‘ net to incornto the snbseribers to the
Hank of (ho l/niied rotates,' requires that
■the bills or note* which may he issued b;,
order of tho s - nid corporation, stiall lc
signed by the president, av countersign -
ed by the principal cashier, it has been
found impracticable to supply, in any
reasonable degree, the required circirhitwn
from t:ie bank and its numerous olliees
of discount and depositc," it is, therefore,
naked of Congress I ; permit the presi
dents and cashiers of branch banks to sign
and issue bills, r i be application was
not granted. The president states “the
(subject was resinned by another memo-
Tin I. doled November ti lth, 1920. See
copy of the memorial marked 3, (!, in
wbi b it is staled, “under the charter it
•Jins been'doubted whether the bank Inis
power to authorize the issuing of notes
not signed by the president, nnd counter
signed by the cashier. Tho labor and
the lime necessary to sign notes for tlie
bank and nil iis branches, are much greu
ter than either of those otliees can be
stow upon that object; and lienee the
bank has been unable to nut in circulation
n Mitlieient amount of notes of tho smaller
denominations, which the public most J
want, and which are best calculated to
-ervo the interest of the bank ” It then
Us dint power lie given to the
nr * *vt bank to appoint one or mere per
e n -ign notes of the smaller ilemmii
iiei .liieh wosnot noted up <n
f : p.-eeident states the “application
e.: ilia renewed, and n seieet com
i »f the House of Representatives,
r fled in favor of allow hip the np- 1
;• ;:, , ra>*n» of signers, on ibe 27th of Feb
rtV:y. 1823; but there was no notion ul
X <\ use upo - , it. And he refers ns to I
’ pnnv nlet, voi viii. No. 1) |
U i Jie Aral of December, 1820, tho I 1
President was instructed to cndcowor to
procure the necessary change. He says,
•‘iie reported on the 27th oi Febrnaiy
1927, that no action on the subject would
luke place ot that session o( Congress,
and, accordingly, tho matter was refer
ferred to the committee on the olhces.
See Doc. 3. c.
He adds, “the opinion of Mr. IJinnoj,
iMr. Webster, and Mr. Wirt, the Allot-!
aey Omerul, was taken on the saojei t ol .
issuing branch drafts.’’ See Doe.. 3. c.
On the Kith of April, 1927 the following
communication was made to the board i
of directors: “The committee on die j
ofaces, to whom was referred, of. the wl ,
of February last, the report ol the presi |
dent of the hank, staling the unsuccess- I
ful result of the application to Congress ;
for an alteration ot* llio cduirtcr, whiuli .
would authorize the signature ol notes ;
by other persons than the president and j
cashier, report that, in various parts ol ■
the Union, but more especially the south- ;
era and western sections, there is a con
stant and unceasing demand at lue offi
ces for the small’ r denominations ol
n te-, wliieh it is impossible to supply. ’
They therefore suggest tin t the “discount
officers should bo instinctcd to draw
checks on the cashier of the bank for
smaller sain . i.m they have hitherto
■ been in the habit of furnishing. In order
to save the Inina- of preparing such
cheeks at the ofiiecs, as well for tlie grea
ter security of the bunk nnd the com
munity, it bus been deemed best to pre
pare the blank forms of it unijorni appear
,'ttin', mid to distribute them from the
parent bunk. Such forms have been
lecordiagiy devised, and are now sub
milted to tlie board with ibe recommen
dation of the committee, that dm experi
ment be (riei!. and, it bniml iisetui to the
1 community, be jr. t:h tncniiy adopted, Sec
Doe. 3. e.
’I he document marked 4. d. is a oor
respondenee bet ween t.ie president ol tlie
bunk and tlie Secretary ol the i reasnry.
on tlie ebaraeler of there bank drafts,
which lias already been priuled and sub
iiiilted to Congress.
'l’iie iinpcr marked 5, E, contains in
structions to the iir.meh banks ns to tlie
issue of brnneti orders. On the 21st of
April, 1927, the cashier of the parent
hank writes a circular to the respective
branches, informing them, among oilier
things, that Ibe directors have ••deemed
it best that blank firms of mi nr,if inn no
penrnneo should he piepnred with rfm
• and ciirr at tin* parent bank, and thence
, distributed to sne.li of tiia Southern and
Western olliees us seem to stand must in
i need of them, or to be able best to em
ploy them usefully. Enclosed I send
von n specimen ol the 3 mid #lO blank
, drafts adopted. After being numbered,
registered, and appropriated here to eer
• lain ofiices. a supply ol theei wil: be for
warded us soon ns passible, with instrue
i ti.nis to tlie cashier ol each office to have
. every four hundred drafts in succession,
and as they may be w anted, filled in the
1 order of some one officer el Ibe brnneli.
by whom they must be endorsed lenglh
| wise, and about the middle ol the draft.
1 payable to bearer, before they be signed
by the president and cashier. V\ hen
I completed, they are to lie liirnislied to life
i customers of Ibe bank, or other persons
f wdio may wish t i procure (hem The
. entries respec tie.g them, belli here mid at
the branches, arc intended for conyrninirr
fni/cc.. to Ikj mialogons to those of hrunih
riitrn. T(i«’ir iraij t aider the denoim
nation of l;i"i udi drifts, is to be similar
ly acknowledged by the cashier, mid in
inplienle tlinuigb the respective presi
qeiito. Th.ev are besides to lie ivpoi tiai
.a the weekly state of tho ciine, as
la' ineti draft paper reewived, used, and
on band.
And whenever they may he transitrr
between tho offices, mast lie so noticed
1 nt the foot of tlie statement, like other
packages.”
. On the 7th of January. 1931, a resolu
. linn passed tlie hoard to issue dratts of
. (he denomination of twenty dollars.—
These branch or ha s. when discharged
I.v ih parent bunk, tire again reissued
by that bank when it lias no small notes
oi* its own. The paper marked dF. con
tains a statement of the nmoiiut ofbiiineb
.Ii nfts Issued on hnn.f, in cirenlation. and
li.e < (fices I ini whence issued. I’y this
ia!de it will be perceived ilmt tij;lo,7>l (ido
(ui'-e issued: #3,371,041 arc on bund:
nnd #7,110,030 are in cirenlation.
The foregoing is a succinct hintory of
the issue ofbruiicli drnlls. V\ lielher it
can be justified under tlie ehurter of the
bunk, the committee will leave to tin
hotter judgment of < Jongress.
The third case is the selling coin, and
pm lieiilai iy the American coin. Tlie
attention of the committee was drawn
to Ibis subject, by the fuel (hat the tien
eral tfovernment hud, on one occasion,
to pay tin- bank two per cent, on ten
thousand Spanish dollars, which it wtni
led fertile benefit of the navy, in South
America. To an interrogatory pat io the
|> rt .sjdeat on Ibis subject, be replied,
“The bank is authorised to deal in bid
bon. It buys uiul sells bullion. All 10-1
1 eign coins are bullion. 'I here being aj
I. gm lender, does not make them the less
liuliion. and the bank having bought
bem at a premium, seili- tin in at a pre
mium. The obligation of the bank is.
to pay the claims on it in coin. American .
Coin, or legalised coin; and if the foreign
coin is worth, intrinsically, or commer
cially. the didi-rence in value must be
worth the ilidl rence in specie, and there
seems no reason why tlie bank should j
sell its bullion, any more than its bills ol i
exchange, nl less than their value.. He j
then refers the committee to a corres ,
pondence. marked No. 4
Although the bank m tod under legal •
advice, it may he well questioned w belli- |
er foreign coin is bullion. The Consli- !
liition gives to ( oiigi’ess the right fore j
gulaleits own and foreign coin; when,
therefore, tho latter has n value prefixed i
I to it by law. and is suffered to be used. |
with that regulated value, in like man
ner with our ow n coin, it would seem I
not to have lost the name and character !
of coin, nnd is made by force of law.!
wimt it would be. if carried through the
mint, and subjected to the condition
of ear own coin: unit, therefore, to deal
in it as a commodity, is calculated to dis
turb its legal value, nnd render nt least
that portion of the mctalic currency un
certain and fluctuating.
If. however, tlie com iltee have taken
;« Wrong view of this subject, so far us
Ibreign coin is eonOci ned, it scorns by
the statement of tin president of the
bunk,to be virtually admitted that c;;r
fl nimviu
own coin is not. bullion, ami, therefore,
does not come within the objects ol trade
allowed to the bunk by tho Dth fundmcn
tul rule ol’the charter. By reference to
the statement ol’specie sold by the buti-t,
marked No. 24, it will be found that the
sum of #54,73l 44 of American gold com
has been parted with. . .
The 4th «;ase is, selling stock obtained
from Government under special act ol
Congress. 'l'hey have thought it then
I July to present the subject to the consul*
! oration of Congress.
It is necessury here to observe, taut
; the charter must have intended some
j meaning in prohibiting the Bank bom
! dealing in slocks. There is, perhaps, no
! subject so fruitful in speculations _as
: stocks, and none which in so Iluctuating
and liable to be inttaenced by the shght
; ost causes, often producing rum or nn
| mense fortunes in the most sudden
I manner. To prevent such a great mc
-1 nied institution then as the bunk, Iroin
'dealing in this article, which its vast
j means could raise and depress at pleas
i are, seems to have been a wise provision
iin the charter. The right ofthe bank to
i acquire or sell stocks, is a special one;
ilt must be done by virtue ot an act ol
; Congress. The charter itself provided
| that a part of Us capital might bo paid
i in the stock ofthe Government, and that
such stock, particularly, might be dispo
ised of. But the committee suggests,
i whether this will apply to other stocks .
'obtained byvirtue of a srbsoquent law
jof Congress, unless that law specially
confers the power to dispose ol it. In
; two important loans obtained Iroin the
j Gov ernment since the charter was gran
! ted, the bank lias parted with a valuable
j stork ; ami Uk j sc*cases will illustrate the
j point now submitted to Congress. W hile
(he committee refer to the transactions
ofthe bank in the funded debt ol the C
niled {States, for the purpose above men
tioned, they also have in view the pre
sentation ofthe subject, tcsbr\' ,r.0.l only
the manner of disposing of that slock,
but whether it was not contrary to the
express understanding with the Govern
ment at the time of obtaining the stocks.
For the loan oftfltl.OWMM) «t‘u per cents,
made in IH2I, and the ®5,000,W00 ol U per
«‘cnts. made in December, iKI-i, there was
strong individual competition, at a pre
mium for n pnrt, or the whole, against
the bunk: yet, the bank had a preference
over the individual offers, upon the prin
ciple that it would be more advantage
j mis to give it to the bank at a reduced
rate, mid participate as u partner, than to
give it to individuals ns n premium. This
was continued of the Treasury. Jhe
president ofthe bank, in a letter dated
15th December, I*2l, which will be found
among the documentary testimony, alter
saying that he had taken the whole ol
(he #-5,000.000 loan at par, says, ‘ and
since we have taken the loan at par, on
the distinct grounds ofhav iug the means
of doing it, it would be advisable, in cv
. cry point of view, not to sell nay ol the
F'widit hum in Boston.’’ By u statement
of tiie amount of funded debt sold by the
Bank, marked No. tv, i( will be seen that
is early as June and July. I '''if), the year
after it was taken, the Bank began to
sell this stock, and continued to do so,
s a premium, and sometimes
atn loss, up to tho 27(1i day ot Novem
ber, 1*23, on which day they find dispos
ed of all but ifSUiLo ft-, and that too, a
a loss of #4,4411 J 4, notw itbst n ling of
(its were made by individuals, lor a
largo amount, at a premium, and reject
ed by the Government upon the princi
ple before staled. Tiie mime document
shows, that there was between February
1*2!). and October of the same year, sold
of t In* ifr-j,000.000 Florida I an, #1,714,201
at a loss of #17,(501 (If). For this loan
the committee are not aware cf there
being any oilers Ivy individuals, at a pre
mium. 'l'bc same document shows, that
between February, 1820, and February.
iS22, the whole ofthe #1,000,000 loan, of
5 per cents, of I# - .: I. has been disposed of
at a premium of #13(5,783 25. The pre
mium paid for which, at the time it was
taken, was provided lor in a semiannual
appropriation of #<lo,ooo, in the report o
tho Ist of July. 1821, be lb re adverted to.
By these operations, it will be perceived
that, if the hank is allowed to sell stock,
acquired by special agreements with (In
Government, it can secure, by specula
tions, all (he advantage which the Gov
ernment might possess, in pulling up its
loans to the highest bidder. I( not only
destroys competition, but takes the loan
of the Government from other individu
als. who would have given n premium for
it, and which the Government refuses,
because it expects to derive a greater
profit in another way, but in which it
may be defeated, by an immediate sale
of die loan, end which, iftho right to sell
by die bank is H>4ino\vledged, might
have bten made directly to those very
individuals who bad just offered a pre
luiuni. In relation to the four million
loan of 5 per cents, of i*2l, Mr. Ghovcs.
in bis report on the Ist Oct. 1*22, says;
••The four million loan of live per cents,
are lunger irredeemable than any other
slock ofthe Government of the United
Stales, and lienee, probably, this stock is
more valuable than any other slick of
the I nited Stales.’’ lie also says. ‘‘lhe
more the bank can retain oftbis stock.
, the better for the institution." In the,
j whole of which, the eomaitflee most ful
ly emirar: for it limy he inentHMied with
I feelings of pride, that such is (he high
j credit of the Government, its stock is
■ better than specie, mid wotdd be to tiie
j bank, in any emergency, precisely the
■same.
The committer* proceed to mention llic
( otb rase, which is mailing donations for
| reads, canals, mid othi-r objects, th-* a
' mount of which, is. #l.(<2lMt(t. qs will ap-
I pcarby docunent No. 7. Two of the
i largest ofthexe items, amounting to throe
! thousand dollars, are for turnpike roads
| made, too, idler the General Government
j had declined to make appropriations for
| similar objects.*
A question would naturally arise, who
j ther the public funds j n the bank, for
! that institution is expressly founded up
on the principle (lint it if necessary to.
and constitutes n part ofthe Treasury of
the United fSfates. can be appropriated
to objects indirectly the officers of that
institution, when tiie Government direct
ly refuses to expend its revenues on the
very same objects, Tiie committee have
looked in vain for any authority in the
•The president furnished this statement with
out ex laining the g omuls of these donations,
an explanation having bccnparticulariy required
effcim, i
charter to give away the money of the J
stockholders. Iftho charter contains the
powers by which the bank ts to a< I, ail
they are to be strictly pursued, there is
then no grant to make gratuities loi any
object whatever. . r
The consequences ofthe exorcise of
such a right, might be fraught vvidi very
great injury to tho stockholders; certain
!y with dangerous interference in -he ri
val trade of different sections ofthe coun
try, and of pernicious influence upon the
operations of Government.
The committee approach the last
ground, which is the biiihbng houses bo
rent or sell, and erecting other structures
in aid of that object. They wi.l merely
present the fact and tho law, and leave
the house to place their own construction
upon the case. , .
By an extract from the minutes ol t be
hoard of directors, communicated to the
Senate on tho 12lh day of March last,
the following facts appear, viz:
The committee on the offices to whom
was, this tiny, referred a letter to the pre
sident, from George W. Jones, agent,
tinted May 23d, recommending to the
bank the construction of two canal ba
sins, and the erection of warehouses a
round one of them, according to the plan
submitted by him, recommend to the
board ihe adoption of the following re
solution. .
Ucsokfl, That the board approve of
the formation oft wo canal basins ut Gin
einntti, proposed by Mr. Jones; one ol
them to be on square number filly live.
(So.) and the other to he on the square ol
ground between Walnut nnd N iue
street-:, and I 'anal and fSt Glair on Gourl
streets; and that he be authorised to e
reef forthwith, ic,i rehouses on ike n.nrgm
of (ids last mentioned basin, not oxeee
iug six in number, either in one block,
or separately, as lie may deem most ex
pedient, for liieinterost of the bank.
(To he continued in our next)
FROM TIIF 90VTHEK1 BKCOBUFU.
MILI.EDC.EVII.LE, Miiy 7, 1832.
Agreeably to the recommendation of the Cfiii
trnl "Committee. tho delegates hereinafter
named, fiom the counlies prefixed to their
names, convened in the Senate Chamber, m
the town of Milledgoville, to determine upon
the arrangements necessary to lie made for the
call of a convention, to bo holdcn for the pur
pose of amending tho constitution of tho Slate
of Georgia. . , _ .
General Mitchell, chairman of the Central
Committee, briefly explained to die delegates
assembled, ihe object Ihe Central Comiltee
in view, in recommending the appointment ol
delegates bv the several counties in this Slate,
and their convocation in this place.
'fire Secretary called over the names, of tho
counties in this State, and it appeared that the
following Counties were represented by the fol
lowing delegates, to wit: I rom the county ot
Baldwin, Seaton Ghanti.ami, Lsq.
Ibbb, John I.amak, Esq.
Burke, Dr. S. HaiU.ow,
Cla:ko, Judge Ohahi.es Douc.iiF.mv,
Columbia, Simmons Ckawfoi.p, Es j.
filbert, ticn J, V. llamas Esq.
G erne, Wm. C. Dawson, Esq.
Gwinnett, Dinks Molt, Jun. Esq.
Hancock. James Thomas Estp
Harris, llor.KttT S. Hardaway, Esq.
Houston, Dr. David Jamison,
Jackson, W. I’.. Jones Esq.
Jasper, John Hii.l, Esq. of Hillsboro’.
Jones, Ivehson If. Jones, Esq.
Moor o, Gon. Ei.ias Be ot.r.,
Mo.gan, EuoeniusA Nisbet, Be i.
Oglethorpe, George H. Young, Esq.
Putman, 1 miv Hudson, Esq.
Taliaferro, Col. AncmnAi d G. Janes,
T oup, William Dougherty, Esq.
Twiggs, George W. Welch, Esq.
Walton, Hines Bolt, Sen, Esq.
Washington, John Peabody, Esq.
Wilkes,'Col. Wm. C. Evman.
Oh motion of Mr. Crawford, of Hancock, (ho
following resolution, presented by him, was a
dopied:
llesoleed, That Ihe members of the Central
Committee, and the special Delegates of coun
ties, will deliberate in united council, and that
the body thus formed, will transact business in
accordance with parliamentary order. i
’fire following members ot tho fcntral
Committee present, took their seals with the
special delegates.
Gen. D. IE Mitchell, Judge Lamar, Dr. S.
Boykin, Col. S. Rockwell, Col. James M. Chal
mers, John 11. Howard. Esq. Parish Carter, Esq.
Williams Riitheiford, Esq. Joel C.awford, Iraq,
and Wm. IE Torrance, Esq.
The meeting then proceeded to organise, by
calling Gen. 1). IE Mitchell to 'the Chair, and
apeointing P. C. Gnieu, Secretary.
Mr. Crawford of Hancock, presented tho fid
lowing resolution, which alter being read, and
amended, was adopted in tiro words following:
lie sol red. That a committee of nine members
he appointed by tiro Chair, and instructed to iu
(|iiire and repoit to this-body, what sections or
clauses of the constitution relative to tho ap
portionment and equalization of the members
of the Genera. Assembly, with a view to a
reduction .of the numbers it would be cxuedicnl
to amend; the days on which it would bo advi
sable to hold an election, of delegates, and tor
said delegates to assemble for trio purpose of
making said amendments; designating in said
report, the most suitable apportionment of del
egates among the several counties of tho Stale,
and the manner ofholding elections for the same.
Agreeably to this resolution, the following
gentleman were appointed members of the
committee:—Major Crawford, of Hancock,
Judge Lamar, of Baldwin, Judge Dougherty
ofClarko, E. A. Nisbet, Esq., of Morgan, Col.
Wm. C. Lyman, of Wilkes, Dr. 8. Harlow, of
Bu.ke, Gen. E. Beall, of Monroe, I. by Hudson,
Esq. olTu’nani, Col. f 5. Rockwell, of Baldwin.
Tho meeting then adjourned to 9 o’clock to
morrow morning.
Max S.
The minutes of tho proceedings of yesterday
were read and approved,
Col. W. Jones, a delegate from Lincoln, and
James McLaws, Esq, a delegate from Rich
mond, attended, presented their credentials,
ami took their seats.
Cal. Rockwell, from the committee appoint
ed lo enquire and report what sections and clau
ses ofthe constitution, relative to lire apportion
merit and equalization of (he members of the
General Assembly, with a view to tho reduction
of lire number, it would be expedient lo amend
Arc. reported a set of resolniinus and an address
lo the people of Georgia. The reports were
road, and, on motion, tire resolutions vx>ere ta
ken up by paragraphs, and adopted, with the
preamble to rear! as follows;
Tho committee to vvliom was referred the du
ly of ascertaining ami reporting “what sections
and clauses ofthe constitution, relative to lira
apportionment and equalization of tho mem
bers ofthe Gendrsl Assembly, with a view to
the reduction of the number, it would bo expe
dient to amend; the day upon which it would he
advisable for the people lo hold their elections
fir. delegates to moot in convention, for the pur
pose of making said amendments; the day upon
which said convention shall assemble: the num
ber of delegates to he elected f.orn each coun
ty, and tire manner of holding the elections for
such delegates,” respectfully submit fur their
repot I in part, tiro following resolutions:
Resoled, That the several counties of tins
Slates be, and they are hereby respectfully re
commended, lo elect delegates to the Conven
tion to be held for tho purpose of reducing end
equalizing tho representation ot UlO people n
the General Assembly, in number equal to the
number of representatives in the most
brandies of the General Assembly, at the time
of the election of the delegates.
Resolved, That the counties of this Sfa.o a.c
lespectfully recommended to hold uoir elec
tions for delegates to the convention, on tho
first Monday in November next, that said elec
tions bo held, superintended and conducted ac
cording to the manner appointed hv law, loi the
election of members to tho Legislature.
Resolved, That it is expedient that the nolo
cates elected shall convene in the Stale House,
h, the town ofMillndgcvillo, on the feet Mon
day of February, 1833, for tho purpose pf alter
hi-r and amending tho Constitution of Georgia,
inflation to the reduction and equalization ot
the representation in the Legislature, and that
that day be, and the same is hereby respectfully
named and recommended as the time lor Hie
meeting, of the cotomplaled convention.
Re a red, That such articles, sections and
clauses of the Constitution of Georgia, as relate
to the organization of the Legislature, requite
amendment; that tho amendments, alterations,
or additions to bo made, should he confined to
the reduction ofiiie number of the General As
sembly, and to an equalization of the represen
tation of the people in both branches of the Le
gislature; and that we recommend that the a
mendmonls, alterations, and additions, thus to
ho made, ho submitted to the people, far their
confirmation or rejection.
Resolved, That it bo recommended that the
several delegates elected to the Convention, bo
the bearers to that body of tho election returns
from their respective counties —the Convention,
as all such bodies do, exercising the right of de
termining, on the sufficiency of such returns.
Resulted, That the address herewith present
ed, be received as part of the report of this com
mittee, bo signed by liie members of this Con
vention, and ho published and transmitted to
the people of Georgia, with the above resolu
tions, and the documents accompanying tho ad
dress.
The address was then taken up, road again,
and adopted, as follows.
[ADDRESS IX OUR NEXT.]
The following resolutions were unanimously
adopted:
Resolved, That tho thanks of'his assembly be
presented to Gon. D. H. Mitchell, for the very
satisfaetoiy manner in which lie has presided
over its deliberations.
On motion, it was Resolved, that the thanks
of this convention be given to P. C. Linen, its
Secretary, for (ho valuable services ho has ren
dered this body dining its session.
Tho Chairman adjourned the meeting situ
die.
WATUUHAV, HA V 12, JIH33. _
“ i 5« juM, urn! fi*«r jm»i. h
TWKisUKY BILTi.
Extract of a Idler In the Editor, from H ash
ington CUtj.
“ I enclose yon a second Van Buren “bill of
abominations.’’ 1 likewise enclose tho present
rates of duties, that you may compare thorn with
this now jtreijet of the .Secretary of the Treasu
ry. Your fiends hero expect something f,urn
you, in regard to this decoy-duck.—'Will any
Southern member, to smooth Van Baron’s path,
dare to commend this “judicious tariff,,’ after
talking of secession, on account of its elder
| brother? If they do, I hope they will nice
j with their just,evvard.”
N K *.v FV a LIC AT 11 } NS.
w liavo rcci ivod from the publishers, a copy
ofcacli of the following woiks, through the hands
of Messrs. Rnuuuos »V Gamaui., by whom they
arc for sale.
“Lives and Voyages of Drake, Cavendish,
and Damprior, including an intaoduclory view
of the earlier discoveries in Uio South Sea, and
the History of tho Bncaniers; with Portraits on
steal’’—Published by J. &J. Harper, N. York.
“ Working Man’s Companion—the Bights of
Industry: addressed to the woihing men of the
United Kingdom ; by the author of “ Results of
Machinery”—capital and labor—First American
edition.” Published by Carey and Ilait, Phila
delphia.
Wo have read a portion of the former, with
considerable internal, anil find it stored with
much useful and attractive information. And
from the “introduction” to the lal'cr, and a
glance at its pages, in various parts, wo should
judge that the subject (which is an important
one, and addresses itself to every member o*
society) is ably handled, ami discussed on liberal
and enlarged principles; and that the vol.-
winch is small, containing 213 duodecimo pages
—maybe read with interest and profit.
For Contents of the A; ril No. of the North
American Review—which contains several in"
ten-sting subjects, ably discussed—see adverbs"
>ng columns.
COTTON CHOP OF IS3I-32.
We arc indebted to a respectable or.il iiuclliifent incr
r.hant of ibis nij-.fir the Billowing Ibiiir.ote of the Colton
Crop ofl?3l-3->, in Hie fniu-il .-'lutes :
Actual receipt hi \. Orleans to im Him. jgo OCU
Ksiiumted receipts tV. in Ist Way lo Ist
October, from loiters of re, jiecluble
inereliams, t-a.ltlta
SK.t'JO
•'em it receipts m .Mobile, to 1 n Way, 119,000
To be. received up to Ist October 5,Di11)
121,000
Pedncl lids amount shipped to.V. Or
leans mid embraced in export* from
both places, 10,000 J (Ft,COO
I’.xparls from die Gulf of Florida, lo
oilier places titan New Orlmms, in ert)
Total exports from die Gulf of .Mexico, 4Us,WH)
F.sporls from Savannah and Charles
ton, in Ist instant, a-’i.npo
Stock in both places, 7a tItJU
11a. in die interior of Geo. and S. C. -35,000 4f1!,0C0
Gsti mated exports from N. Cu. XV a. 00,TO)
1132,11(0
Allow for short estimate s.ocn
Total crop oflhc I). 010,000
Snpposimr the Stuck of old Cotton reinamiag over, in
the pons of New Vork, Huston, &c. on die ) t t irtoUr
Inst, to have been 10,001) bales, and that it will be less by
■JO,OOO bates on the ‘Jlst October Hem, and, udnihtine tlie i
slock*in Clmrlestmt, Savannah, and Augusta, to he re-1
deceit to 10,000 bales at die same period—it vii: l-ave ;
350,000 bates of American Colton to supply the wants of,
die present year,
The consumption efdic C. S. will !.c, 210, n o i
Leaving tor foreign exports, 733,«Wi I
France and the coniiiiciit, will need, i. is said, 22.5,0hu
Leaving fertile supply cf Great Hiiiain 51.5,(00
The present Stack in Augusta, is 22.000 hales,
NULLIFICATION, AN U TUB TRACTS.
A gentleman of ibis city, who lias lately tra
velled through Wilkes, Oglethorpe, Ciaik,
Greene, and Morgan, inform? us that Nullifica
tion is rapidly speeding in those coon-ice, parti-
culaily among those who inv«sii« H i 8 --; ,
He has brought requests from ti-aiiy, wt' ] "
plied with the past and future Nos.
and lias no doubt that nullification '
few months, become the 011-prevaili,,'* j.V’
throughout the State. Wc may te '‘'j.'. *
that he was not a nulliSer when he le - *'
but has returned one.
A gentleman m Alabama, writes to h ..
in this flty—“Toil Pombei ton.that Lis
becoming more and more popular in th : sSr'
every day. They all admire his
ciple?. Tell iiim, also, to semi c. a
Tracts out this way.’’ I
Lxtraet of a letter to the editor, f lom 3r I
croud gentleman cf much wortli, inielliaenc',
afid inlhience :
“I thank you fur your attention, insenJinm
copies of the Political TrucU, Chancellor if
ptu’s speech, and the Proceedings of ■
Stale Bights and Free Trade Convention.;,
in Charleston, &c.
Tiie crisis at which liie Slate of South..,
iinuhas arrived, in this mailer, and, indeed.
Southern States generally, is rortainly on,j
transcendant importance to ovory pitriotof.
South, whatever may be the relation lie rue,
to his fellow-citizens. Without tw-snniino tU
olfioh of a judge, in this case, between the fa.
oral Government and the States, I hope it btut
too much, lo say, that the case involvtsa;-*;.
pie which it is high time was settled,'tluij,
juiisdictional boundariesof each might be belts
known and settled—& that, in the future opea
lion of their respective laws, (lie harmony ofii
Union should not be distmbed, or jeoparded i
tho conflicts of party or sectional strife, and il
unwarrantable assumption of the map-in-, t:
impose unconstitutional burdens hi on the mi
nority, and entrench upon their cons'iiu'ioml
rights. And it does appear to me, that the polj.
ey now submitted by Chancellor Harper, m!
first devised by the “Master workman of cm
Confederacy,’’ Thomas JrrFF.rscx, cotitwj
within itself, all the means of cfiecting sodcsi.
niblo an object; and that, too, in a niautei*
onco peaceable and constitutional,
“ In the (Went of any serious calamity {twin
out of the present state of discord and comm,
lion, I should not feel nt ease on the reflectientt
withholding my feeble advice from my countiy
men; and it m'ght be too laic to raise alnieiil
cry of what ought to have been done, when oa
liberties have fled. There is-notliingal'.iiii-rtl:
ly nature but what 1 feel free to tsaorifme.firth
preservation of civil and religious liberty. Ft
these I have already suffered much, fiomn a
hors, and from brclhern, but count it ;dl j-iyj
be persecuted for righteousness sake "
Wo have a number of other inle-i-ti-i; «
dunces of the progress of the dnrtiinr, w’dr
want of room will not permit us to puli'i-ih v
present.
“A MISTAKU.”
A writer in ll*e Constitijlionafist of Ti - !
under tho editorial Hoad, has some must
rriiotis giving* out” about an “opinion,'’ ill "r
Nnililiors of C irolina “coii'eim-hla tin i-a;
electionoH ing influence on the Gco-gimi?. IH
then, iivi h«*, “this must he a mist.ikn " T
it is a mistake. And, since he 1 1 ■ 1 ■
why alibis oblique hints, imiendoe*, I'aiV---
nations, and eovort ill lists, against 11 mmni
potation,” on a mere “ opinion," anil
opinion ha twice doclares must ho a mk ''
Ho talks, after a somewhat lordly an 1
lory maimer, of what the State, will do. ani >'
not do—what eiio will permit, and whatrl
will not permit—what '‘ire. (.lain)," v.liat "i
are determined” of— what “will be
bestowed” —and what “ some pc.sons v b
our limits have la!te-Iy attempted”—as to:
hr., like ifto Vrcnch King, considered him
Slate, and tiiat “some persons within ifsliuiik
have not equal rights with iiimscir, if tw:
all. But, “I am the. State," is a docttiimr '
suited to tiie free, State ofGeoigia, wlirrc. i 1 ”
ever uncongenial it may he “to cars polil.
every citizen will, equally with him, “i.l.nni ”
privilege of deriving In's cnmipols, from the v■ •
tul stock of his own wits, great or small," 1
lertr.inoil noillier lo be fiowned mo; - siniled).-
his course.”
He declares, tint tiie attempt, mi the pm'
some persons, within our limits, to si-tw'
doctrine of nullification, is a corn;>lrto F
Now, “claiming as wo do, the privileged '
riving our counsels from the rapii.d slot*-
ottr own wits, great or small,” and keo-vr.'
wo do, something more of inis matter Ins‘-'
we beg leave to tell him, that this i? as
“mistake.” Tho doctrine of riullificntiou iss; 1
ding rapidly lliroogtl the Slate, and many p p,?
once violently opposed to it, because ig 3 ' l
of its tine nature, and blindly prejudiced 3 -
it, have fottml out their “mistake," ar-d d
mined lo correct it—and requests for the * n p
are continually increasing frem every (jtiartcr.-
“iho whole system,” wore, ns he cturr.v'-'
“the veriest phantom of mnonshinc nnu r
&c., fie would do a more acceptable scrv;“
liiose who are deluded by il, by proving >? '
so, than merely asserting it. They whom
tain it, having no reasonable motive to “
beyond a conviction of its correctness, '-x i -
themselves always ready to bear vvimt be-•
•tny one else, mav have to say in ot-rosit- 00
it; btit, “claiirir-g the privilege of" ti.iiikinf-"
judging for themselves, they will anqiiM
bly retain tbeir own opinions, til! lie h-’ ls ! 1 ""'
shown them tint bis are bet’er. It be l'- !! ■
thing to say against Nullification, or the
cates of it, either licre or in Carolina, or - -
any part of their enudnet, wo call »; !,n
lay aside bis !*in*-», insinuations, find
and corns on" o: cnly with Lis clia res s-'l
- bke one Ivorsestly sritisflc-il 1,1 j
truth Rt-.d validity, and we will be prc| 31 ' '
meet him w’h n.i: openness, and it- 4 -
dcei-iimi la Iho p- Id;.-. . ,
“We." 100. “ arc sorrv lo hcaroi ati n
which f -inoe tiie appearance ol his orlicl*'] ■
ginning to extend through our cati-n.- 111 -."
■ elation to the movcmen'.s of some oi t' lo l r
neat politicians in” Geo gia. “B a p; C‘- - '
suspected, that they ronlemplatc on<r ? .' ,
flucnco on tbo Georgians, v, ;.u the h°i f
interfering with the just ilglitol each ana
one of them, to think, and judge, and t
liimsclf, on the best mods ot pr- niot ,r -
public interest—and that he, hinisc.l, f •' v
has assumed the position of Dictator in -
“This must tyt niiitake.” Ho is “do-‘
present