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rrd upon them the marks ot his displeasure, 1
01 that he had by this means pitched upon them 1
H<S sacred to himself. The ground thus fenced
about, was call'd by the Romans bidental. 1
Lightning was much observed in augury, and I
was a good nr bnd omen, according to the cir- J
cumstanccs attending it.— lbid.
Retort, not courteous.— A medical doctor,
having a marble mason engaged about bis
steps, 4' c> > became quite troublesome to the ar
tizan, by finding fault with the work ; saying
this is a bad job, and this is a bad job, and
this, and this too. The stone-cutter losing all
patience, at lust said, “ Doctor, I have often
covered your bad jobs, and remember, one
good turn deserves another.”
“Is smoke offensive to you I” said a land
lord, as he took out his sugar, to a family that
had just moved into his house.
“Not et all, sir,” said the female part of the
household.
“I am, glad to hear it,” said he, “ for all the
fireplaces here smoke so bad, that you will be
. bacon before you have inhabited the premises
sinveeks,”—Boston Herald.
Finn's Last.—K party the other evening
were discussing wild’ducks, and the cause of
the late tremendous failures, when Finn Was
appealed to for his opinion of the latter. He
replied, that he “ considered a panic in the mo
ney market t.» be like a shop of carpenter’s
tools: for it augured that theie would be a
good deal of chisselling among the gaugers
and screw <Triccrs.”— Picayune.
Extreme Avarice. — A person talking of an
acquaintance of his who was so avaricious as
even to lament the prospect ot his funeral expen
ses, though a short lime before he had been
censuring one of his ow n relations for his par
simonious temper. “Now is it not strange,”
Continued he, “ that this man would not take
the beam out of his own eye, before he attemp
ted the mote in other people’s ?” “ Why, so I
dare say he would,” replied Foote, “if he
was sure of selling the timber.”
sJoHttcaL
From the National Gazette.
The Winding up ofGen. Jack
son’s
« Humble Efforts to Restore the Constitutional
Currency
BEING
The Beginning of the End.
1 u General Jackson’s self-glorification man
ifesto, entitled his “Farewell Address,” we
find the following passage :
“My public life has been a long ore, and 1
‘cannot hope that it has at all times been free
‘from errors. But I have the consolation of know
*ivg, that if mistakes have been committed,
♦ they have not seriously injured the country I
‘so anxiously endeavored to serve ; and at
‘the moment when I surrender my last public
‘ trust, I leave this great People prosperous and
‘ happy, in the full enjoyment of liberty and
‘peace, and honored and respected by every
‘ nation of the w'orld.”
This document, as is shown by the above
quotation, was issued at midnight of the 3d of
March, that being the moment at which the
signer surrendered his last public trust, and it
is not a little remarkable that on the very next
day, being the anniversary of his entering upon
the duties of his office, the winding up of his
financial experiments, which he knew had “not
seriously injured the country,” commenced at
Now Orleans. The first symptoms of mer
cantile failures were exposed in that city on
the 4'h of March, although they were not pub
lished until the 7th, and from that day to the
present, there has been in every quarter of the
Union a daily succession of events, establish
ing the truth of the declaration, that the Peo
pie are “prosperous and happy."
As the writer of these articles intends them
as historical records of the most disastrous pe
riod which this country has ever witnessed in
its pecuniary concerns, he considers it as a
necessary part of his duty to state what the
prosperity and happiness are, of which General
Jackson had left “this great People” in the
full enjoyment. Time, indeed, has not yet
been afforded, lor any thing more than a par
tial display ot these boasted blessings, and for
the present he will therefore content himself
with enumerating only the following, which
have been thus far developed :
1. The failure at New Orleans of all but
four or five of the principal cotton factors,
through whose credit and capital the planters
of Louisiana, Mississippi. Tennessee, and Ala
bama, were enabled to purchase lands and
slaves, to improve their plantations, and to an.
ticipatethe proceeds of their cropsr. involving
responsibilities estimated at thirty millions of
dollars.
2. The failure at New York and Philadel
phia of several large houses, who were under
acceptance at New Orleans and other South
ern bills of exchange drawn in anticipation
of shipments of produce, or remi tauces of
sterling bills, which were never made, owing
to the failure of the drawers.
3. The embarrassment or ruin of the parties
who had purchased these bills at the South,
many of M'hom were country merchants, and
the consequent loss or embarrassment of the
merchants of New York and Philadelphia, to
whom they were remitted in payment of debts.
4. The failure in New York of more than
one hundred and fif’y merchants, manufactu
rer*, brokers, and wholesale dealers, since the
sixteenth of March, the day on which the news
of the disasters at New Orleans reached that
city, involving an amount of responsibilities
estimated at fifty to sixty millions of dollars.
6. The embarrassment and ruin of a large
number of small dealers and manufacturers all
over the country and in the cities, consequent
upon the failures of the large dealers.
6. The failure of many large manufacturers
in Massachusetts and Rhode Island, by which
thousands of laboring men, women, and chil
dren, must be thrown out of employment.
7 . A pressure for money, which has exist
ed for many months, and which, since Decern-1
ber last, has shown itself in Boston, New York,
and Philadelphia, in the market rate of interest
at from one to three per cent, a month upon
the best mercantile paper.
8. A general prostration of business at the
North, by which sales ot no species of mer
chandise or property can be forced without a
sacrifice of from twenty to fifty per cent.
9. A general depression in the market price
of bank, insurance, railroad, and other stocks,
arising in part from the preisure for money,
and in part from tho apprehended losses of
banks by failures, and of other corporations
by diminished business.
10. A tall m the price of cotton in Europe
and in this country of six cents per pound,
which, upon the one million of bales supposed
to be still held at home and abroad on Ameri
can account, amounts to twenty millions of
dollars.
11. A fall in the price of tobacco equal to
25 per cent, upon an export of eight millions
of dollars, and amounting to two millions, by
which a number of failures have been produ
ced tn Richmond and other places.
12. The ruin of many purchasers of public
kind*, who embarked in speculations owing to
the facilities off :red them by loans of the pub-
lic money, raised by other sales of public ' t
lands. I 1
13. The almost entire stop put to internal <
improvements in some of the States, and their t
partial suspension in others, owing to the want |
of funds, and the impossibility ot obtaining i
loans on any terms, to carry them on, by which <
means thousands of laborer' will be deprived i
of employment. 1
14. The almost entire stop put to the com
mencement of new buildings in large cities, ;
and particularly in New York, by which thou- >
sands of mechanics, such aS.carpenters, brick
layers, masons, brickmakers, painters, glaziers,
carters, cellar-diggexS, timber-cutters, lime
burners, marble masons, blacksmiths, Ac. must
be left without employment.
15. The embarrassment of a large portion
of the merchants in all the Atlantic cities who
trade with the Western country, owing to the
failure of their accustomed remittances.
16. The great check that has been given
to shipbuilding by the prospective diminution
of foreign trade, by which mtny ship-carpen
ters, riggers, mast-makers, rope-makers, sail
makers. wharf-builders, .; ship-painters, ship
smiths, boat-makers, stevedores, draymen,
coopers, caulkers, pilots, &c;’ must be dismiss
ed.
17. A general diminution of every species
of manufacturing industry, by which an im
mense number of laboring hands will have to
be discharged.
18. Extensive failures of merchants in al!
the cities and towns of the United States, of
which a sample is given in the following arti
cle extracted from the Mobile Mercantile Ad
vertiser of the 14th of April r
“There is no business, which may be called
‘ business, transacted in market. There is a
•little trade going on here and there, but it is
‘mournful even to look upon that, as it leads
‘to comparison*. Where nine-tenths of the
‘ merchant* of a city, which, until recently.
‘ flourished and prospered beyond all others of
• its population, have suspended payment, it is
‘enough to despend the stoutest hearts.”
19. Au immense number of la w-suits. arising
from contracts and sales engendered by the
speculative spirit created for loans of the pub
lic money, by which thousands of families have
been ruined. As a specimen of this species of
prosperity and happiness, the following will
suffice:
From the New Orleans Bee of April 1
“The difficulty of raising money seems to
‘ be more pressing in the State of Mississippi
‘even than in New York. A writer in the
• Mississippian declares that nearly three mil
lions are to be recovered in the three ceunties
‘of Hinds, Madison; and Yazoo, and propur
‘ tionallyin the other counties of the State.”
20. The probable adoption of relief laws,
and stop laws, and Lynch laws, in some of the
States, which would appear to be near at. hand,
from the following article in the New Orleans
American of sth of April:
“In Hinds county, Mississippi, more than a
‘thousand suits have been brought. The cit
‘ izens, in self-defence, petitioned the Governor
‘to convene the-Legislature, for the purpose
‘of passing a reliefer replevin law. He noi
‘ having done so, they have called upon the
‘sheriff to resign just before the April term
‘ commences, threatening vengeance against
‘ any one who will accept the office pro lem
‘ pore.”
21. The embarrassment and loss of credit
sustained by merchants from the return of Lon
don bills drawn upon produce the price of
which had greatly fallen in Europe, and by the
anticipated return of others to a very large
amount.
22. And, lastly, a wide-spread apprehension
that the banks of New Orleans, judging from
their proceedings of 11th of April, will suspend
specie payments, and thereby set au example
which, if followed by other States, must bring
overwhelming ruin on the country.
It is true that General Jackson did not know
on the 3d of March that all the evidences of
prosperity and happiness which I have here
enumerated were so soon to be showered down
upon us ; but when he said he knew that none
of his mistakes had “seriously injured the coun
try,” he spoke without proper deliberation.
He had, at that very moment, in his pocket a
Lili passed by more than two-thirds of each
House of Congress, condemning his specie
circular, in consequence of its being considered
' by those bodies to have very seriously injured
■ the country. This strong and unequivocal
i expression of opinion on the part not only of
political foes but friends, would have induced
I any man of pure motives to doubt the infalli
, bility of his judgment, and to employ a less
i positive term. But it is needless to disguise
. the fact. General Jackson had vindictive
I passions to gratify, which could not be quieted
. but by the fullest indulgence ; and, had all the
r disasters which have already' resulted from his
f quack financiering, together with ail those
which are yet to ensue, been brought into his
. view, so as that he could not have doubted their
r occurrence, it would not have had the slight
- est influence upon his measures.
i It is the knowledge ot this fact which has
f dictated the course pursued by the Washing
r ton Globe ever since the winding up of the ex
periment began. General Jackson is at this
5 moment the President of the United States.
, as relates to all power over the specie circular.
1 His will, and not that of Mr. Van Buren, con
; stitutes the law of the land ; for who can doubt
> for a moment that, if he were to assent to its
repeal, tho “author of the letter to Sherrod
Williams” would hesitate a second about it?
The columns of that journal are every day
filled with bold attempts to show that the dis
i asters of the country are the effects of specu
lation and over-trading, without even as much
i as breathing that the cause ot this speculation
and over-trading was the creation of three
hundred a\d fifty-seven new banks, and
tho augmentation of paper credits, which nev
er could have had an existence but for the
“humble efforts” of Gen. Jackson to restore
“the constitutional currency.” Nor is the
Globe at all particular as to the truth of what
it vouches for. It deals in round assertions,
and is sometimes so indiicreet a* to publish
itself the evidence for disproving its own state
ments. Tha-> it published a few days ago a
table showing the imports and exportirof gold
and silver coin and bullion, for the eight years
of General Jackson’s administration, during
which time the imports were 79,052,844 dol
lars. and the exports 36,249.273 dollars, prov
ing an excess of imports amounting to 42,
803,571 dollars,* and yet, in the face of this
its own statement, it asserts, on the 19lh ot
April, that “eighty millions of gold and
silver, the great portion of which the policy
of General Jackson’s administration has
brought into the country,” had been “diffused.
Again.'Some time ago it published a state
ment of the sales of public lands, from which
it appeared that, during the three years from
1831 to 1833, inclusive, they amounted to $ 10,-
567,318. but that during the three years from
1834 to 1836 they amounted to $44,8d7,671,
thus showing the speculative sales of land to
be the source from which nearly every dollar oj
the surplus revenue, the loan of which has oc
casioned so much disaster, teas derived. And
yet will it be believed that this official organ of
* Os this amount, less than thirty-two millions
accrued after the removal of the deposits, which
is the whole augmentation that can be ascribed
to “my humble efforts.”
the Government, in its editorial columns of 1
the 19th, employs the following language: “To I
do iustice to the deposite law, it gives support i
to the country, returning to the interior, that
pays tho duties, the money of which the tariff
robs it.” Must not an Administration that re- 1
quires to be bolstered by such flagrant mis
statements as these consider its position to be 1
desperate? I
But can it be possible that ruin shall stalk I
all over the land, destroying all private inter,
ests that fall in its way, without reaching the
Government itself? It is impossible. The
public revenue must feel the scourge iu more
ways than one. The failures which have ta
ken place in the Atlantic Cities must have oc
casioned defalcations in the payments of a •
large amount of duty bonds. Many more
must lie over, and the amounts in many cases
must be lost. The failure of land speculators
in the West must occasion heavy losses to the
deposite banks, and some of these too w ill un
questionably fail. Receivers of public moneys,
and other agents of the Government, w ill be
found to have availed themselves of the funds
in their hands to speculate with, and losses
may be looked for in that quarter. But the
great deficiency will arise in the future reven
ue. The imports for the ensuing year must
be greatly reduced, partly from the loss of
credit which the country w ill sustain abroad
from the failure of so many of her merchants,
and partly from the inability of the country to
pay for a large amount of imports, owing to
the diminished prices of its staple productions,
and ths general prostration of industry. The
sales of public lands must also be reduced to
a very trifling sum, for it can hardly be doubt
ed that actual settlers, for live years to come,
wi I not bo enabled to buy of the speculative
holders, or at sheriff’s sales, at lower rates
than of the Government.
AN EXAMINER.
From the New York American, April 21.
The Removal .of the Deposites, it is
often charged, and not always without reason, {
was, in part at least, brought about by the ea- i
gerness which the local banks, here and else- |
where, manifested for portions of the plundei.
It is quite problematical—if the banks gen
erally had maintained more reserve in their
answers to the President’s emissary—wheth
er the President would have ventured upon the
step: but when it was found that the State in
stitutions were ready to humble themselves
almost to any terms, for the profit of fingering,
without interest, the public moneys, the fatal
measure was decided on.
In so far, then, as these banks, and those
who controlled them, were instrumental in in
ducing the President to b_lieve that the cur
rency and domestic exchanges of the country
could be as well carried on and adjusted thro’
their agency, if made Deposite Banks, as
through that of the Bank ot the United States,
they are responsible for the evils that have re
sulted from the change.
Among the institutions, however, in this
city, one, in particular, not only did not covet
the deposites, but actually rejected the boon in
perspective, as the annexed copy of the capi
tal reply of the President of the City Bank to
the Washington emissary distinctly proves:
( ity Bank, New York, August 8,1833.
Sir: In answer to your letter of the 7th inst.
which was this morning received, I atn in
structed to say that, however desirous, under
other circumstances, this bank might be to
participate in the receipt and disbursement of
the public revenue, it cannot, consistently with
its views of propriety, make any proposition
calculated in any manner to interfere with
the rights or the interests of another institution.
Os the actual intention of the Government
to place the public deposites in other hands,
your letter affords no evidence, but leaves it as
a matter dependent upon contingencies, and
those apparently improbable and remote. In
the absence, therefore, of any known deter
mination of the Government on the subject,
any offer on the part of the local banks to re
ceive suchdeposites would seem to be at least
premature.
That the determination to remove them
from the Bank of the United States can alone
be based upon the necessity of the measure, it
is both reasonable and respectful to infer; that
such necessity does not at present exist, seems
to be conceded by the general tenor of your
letter, and in that the directors of this bank
readily concur.
Respectfully, sir, your obedient servant,
THOMAS BLOODGOOD, I’res’t.
To Amos Kendall, Esq.
How admirably does this manly and straight
forward letter contrast with that from the Se
venth Ward Bank, written two months after
ward, which we here re-produce:
New York, October 2. 1833.
The services of tho Seventh Ward Bank
are respectfully offered to the Hon. the Sec
retary of the Treasury.
The Directors feel much confidence in this
application, being, {without exception,) as well
as the Stockholders, with few exceptions, friends
of the Administration.
It is also respectfully recommended to your
notice that, at the time of the distribution of
i the stock of this institution, the commissioners
, awarded no portion to the brokers in Wall
Street. This excited their indignation against
the bank, and engendered a resolution (passed
at their board) that they would not deal in the
i stock, either directly or indirectly; and tho
I members of their board bound themselves to
1 abide by such resolution on pain of exclusion.
The Directors, having the highest personal
consideration for General Jackson, respectfully
request the Secretary to lay this letter before
the Piesident.
WALTER BOWNE, Pres’t.
Notwithstanding the tone and topics of this
remarkable letter, the plunder came not; where
upon, after a delay of some sixty days, the
' whole dramatis persona, of this high-souled
1 concern thus presented themselves on their
' knees to the "Revered Chief:”
New York, December 16. 1833.
We, the subscribers, and di lectors of the
1 Seventh Ward Bank, in the city of New York,
friends of the Administration, do solicit a por
: tiou of the fiscal patronage of the United States
treasury for the Seventh Ward Bank. The
1 terms as those most favorable to the Govern
ment. WALTER BOWNE, Pres’t.
Wm. O’Connor, Cashier.
Directors.
( William S. Coe, Philip Ilarmad,
• Henry Ogden, Luther Halsey,
, Abraham Dally Samuel N. Dodge,
G. Hopkins, John V. Greenfield,
, William Scott, James A. Whiting,
David Browu, 11. Erben.
It was this “soliciting a. portion of the fiscal
patronage of the United States Treasury”—
, we can hardly write the words without a burn
ing blush of shame that free-born Americans
, should ever have so used them—not avowed
I so frankly probably, but acted on with equal
, | zeal in other cases—that greatly encourged
that series oi fearful experiments under which
this land is now writhing in agony.
| Could the evil consequences be confined to
;■ those whose stupidity or political subserviency
provoked them, there would be less regret;
, but, unhappily, it.is not so, and the innocent
’ suffer with the guilty.
But, even amid suffering, it cannot be un
profitable to recall instances like that of the
& o u t Iu r n ©EI H i $ *
City Bank for admiration and praise; and like I1
that of the .Seventh Ward Bank for contempt I
and censuro. <
As to swaifudiigthe ent i c hog, Wou’-'l it not ■
bewail for tUe Luuisvill* Journal to reflect, ,
whether it is not because we could not stomach
the “ tip of the tail” df iti? party, tkat h dis- ,
posed to find fault with us ? — Rash. Banner. ;
We cet tainiy do not Avisii our friend bf the ;
Banner, who in the main tsa very tolerable <
Whig, to “ swallow the tip of the tail of our
party.” We nope he will not. be angry when :
we tell him that he hnnself is the 1 * tip of the i
tail of<>ur party”—and it would be a hardship
indeed for a man to be required to swallow his ■
own proportions.— Louisville Journal.
Thomas 11. Benton, formerly cfChapel Hill, -
arrived here on Wednesday moriimg and went
off before night. As he approached the wharf
a cartridge was expuhged from a small gun
on board the steambbat,. It was a blank car
tridge—there was ny “ ball set in motion.”
There was something, quite peculiar in the ap
pearance of his-“ oravat-,” the knot in it bear
ing a strong resemblance to the hangman’s,
and ths whole seeming to be drawn loosely
around his neck like a black line around an
obnoxious resolution.—l bid.
The Globe denounces the arrangement in
N. York by which two millions of dollars are
to be sent to England. The money is to be
sent out to pay the debts of the New York mor.
chants. The payment of honest dffits is an
unpardonable crime in the eyes of the editor
of the Government pap, r. He himself is al
ways careful to steer clear of it. — Ibid.
Cost of the ’Specie Experiment.'— The ex- j
ported cotton paid for it in the first place, at full
prices; next, expense risk. &c. of shipping;
lastly, it has cost nearly millions in the
depreciation of our staples in foreign markets.
A New-York paper in summing the account
i cui rent.states the increase of specie at thirty
! one millions, and the ».nbarrassment, injury
I and distraction, caused by the measures to
produce, at “one hundred and eighty five mil
lions! Rather a dear experiment.
From the N. Y. True American.
...
Ijate Texas.
We have received regular tiles of the Ve
lasco Herald up to the 13. h, and the Telegraph ;
tu the 11th April inclasi.e.
It appears that the Mexican squadron has j
began operation* in earnest. By reference to j
our ship news, will be found some particulars I
quite interesting. ’l'lie squadron consists of
the Vincidor del Alamo,•General Teran, Li
bertado, General Warren, all brigs of war,and
the Geneial Hidalgo, an armed schooner.
At the very moment when we are making de
mands for spoliations, .Mexico is committing
new depredations upon our commerce. She
will find herself in a dilemma she least expec
ted, for this country will not permit its vessels
to be captured trading with a people whose in
dependence it has recognized ; unless our ve*-
sels of war will protect them, all the vessels
that have sailed hence for Texas, will fall a
prey to the Mexicans. Mr. Crawford, the
English Consul, has gone to Columbia, having
been landed at the mouth of the Brasses, by
the British brig of war Racer. The Mex
ican fleet had captured the schooner Vigilant,
hence for Matagorda, laden with arms and
amunition, and sent her to Matamoras.
Deaf Smith has had a brush with the Mexi
cans near Loredo. With twenty men he de
feated forty cavalry, and took twenty horses,
killing ten of the enemy. Learning that there
was in town a greater force, he made good his
way to Bexar.
TheTexian army, 2400 strong, was on the
L’Abaco, in fine health, and anxious for fight
ing.
Our hopes are. that the Natchez has driven
the Mexican squadron from its cruising
ground.
From the New Orleans Bulletin, April 24.
The schooner William Bryan arrived yes
terday from Velasco, whence she sailed on the
15th inst, bringing a large list of passengers.
Through the politeness of Hr. J. A. Parker,
United States Consul at Matagorda, we have
been furnished with some interesting intelli
gence of the occurrences, movements, &c in
Texas.
The British armed brig Racer arrived at
Velasco a few days previous totlujsailing of the
Wm. Bryan, having on board Mr. Crawford,
British Consul for Tampico, who proceeded
immediately after his debarkation to Coluin
bia on a special mission as it is supposed from
the British government to the new republic.
An express reached Velasco before the de
parture of the Wm. Bryan from Matagorda,
bringing information that the schooners Cham- j
pion, Louisiana and Vigilance bad been cap- I
tured by the Mexican fleet and carried to Met
amoras".—They arc laden with provisions,
arms, &c. and had oi board a large number
of passengers bound from New-Orleans to Ma
tagorda and Cox’s point.
The Bonny Boat from Mobile bound to Ma-1
tagorda with lumber was likewise taken short- ;
ly after off the Brazos, and after being detain. :
ed a few hours was released and six of the pas- |
sengers of the Louisiana put Ou board of her. i
The Bonny Boat had reached Matagorda be- ;
fore the express left, but could tell nothing as |
to the fate of the remaining passengers be- '
longing to the Louisiana.
Matagorda was in a state of Blockade.
The Mexican fleet consisting of two brigs
and two schooners badly manned anchored off
Velasco on the 4th inst. An express was im
mediately despatched to Columbia and on its
arrival, the secretary of the navy, S. R. Fisher,
Esq. set out withoutdelay for Galveston, where
the schooners Invincible and Brutus were ly
ing for the purpose, it is presumed of prepar
ing them for an engagement with this enemy.
The probability of the surmise is re;.>: red
much greater fem the fact, that : n the l-6th, '
when the Win. Bryan v. ;:s bearing to tho
south of the Sabine about twenty miles,
distinct broadsides were heard by the passen
gers in that direction.
The firing which was heard lasted for about
forty minutes.
Deaf Smith, the far famed Spy o* Texas,
arrived at Columbia on the sth from Loredo,
o.i the Rio Grande, w here he had been on a
leconneitering expedition w ith a party of 20.
While in the neighborhood ot Loredo on the
17th of March, he was attacked by a parly of
cavalry numbering near sixty, which com
menced firing at the distance of one hundred
and fifty yards. Smith ordered his men to
reserve their fire until the Mexicans approach
ed within gunshot. They did so, and on the
first discharge of their pieces, the enemy re
treated leaving ton of their number dead on the
field and carrying oft ten others wounded.
Smith’s party obtained twenty of their horses
and mules, with a quantity of blankets and oth
er goods. Only two of the party were slight
ly wounded. From a prisoner whom they
took, Smith learned that there was a much lar
ger force of cavahy stationed at Loredo and
therefore deemed it b.-st to return immediately
to San Antonio, w hich place they reached on
the 27th March. The schooner Flash, bound |
from New-Orleans t 8 Galveston; was wrecked
on the 11th inst. in the West paste of Galveston
Island while trying to escape f'rdiri the brig
Sam. Houston, which she mislobk for a Mexi
can armed brig.
O i the 14th, the brig Sam. Houston, while
crossing the bar at Velasco, broke her rudder
and was driven on the beach. The parsongers
and cargo were all saved and strong hopes are
eiitcrtaine.i of being able to got the brig oft’.
No account of tho Julius Caesar had been
received when the Bryan left, and fears were
entertained that *tie had alkb been captured. I
The main army under the Command of Gen. |
Johnson, was still in the La Baca, in fine health j
and Spirits; aiid anxioUs to encounter Bravo !
and his army; This is the prbtniling desire
of the country. It they Hannett have peace,
they are ready for fighting; and prefer it to
inaction and suspense.
Large crops of cotton and corn have been
planted, and bid fair to yield an abundant re
turn.
Since the first of March, it is supposed that
ot: an average a thousand emigrants have ar
rived in the country every week. Business
of all kinds is of coutse very brisk, lands are
rising rapidly and money is becoming very
plenty,—The Country is Completely stocked
with goods of all kinds and some have been
reshipped in the Wm. Bryan.
Since the above was written, we learn that
tha LcJ'.Ciana has arrived in port from Meta- I
nioras, where her release was obtained by a j
demand from tho commander of the U. S.
Sloop of War Natchez,
Seutticrn raw.
i Atliens, Ga. Saturdny, May O, 1837.
May Bay.
We had hoped to be able to lay before our
readers to-day, an account of the highly inter
esting celebration of this ancient festival,which
took place in our town on the Ist inst.; but ths
late hour at which the addresses delivered on
the occasion were received, compels us to de
fer them 'till next week.
'fi’ltc Money Market.
By reference to our commercial extracts in j
this day’s paper, it will be seen that there has
: been no abatement in the pressure of the mo
[ ney market in the principal cities. It is true
i that the last advices from Liverpool, up to the
i 24th March, are rather encouraging, so far as
j cur staple article of cotton is concerned ; yet
! there had been little or no advance—holders
J remaining firm and speculators taking hold ra
ther freely, which augured well for the state
of affairs.
In this country, however, this has as yet ef
fected but little, —except so far as to afford a
ground on which to rest a faint hope, that con
fidence would be sooner restored among com
mercial men, than had been previously feared.
We still believe that the storm will soon blow'
over, and that the planter will receive a better
reward for his labor than the market at present
justifies; yet, whether a favorable reaction
take* place or not, we feel fully assured that
no State in the Union is better able to with
stand the shock than Georgia.—Yet she will
doubtless suffer much. What then should be
done? We say, emphatically— Let no man
who values the well being of society, aid, di
redly or indirectly, in prostrating that confidence
so essential to commercial operations ; but, rath
er let every one rush to the‘rescue, and by a uni
ted effort on the part of those who controul the
commercial operations of the State, save us
from the impending storm—and all will yet be
well. »
It is true, that in some communities, confi
dence is entirely destroyed ;—there, the hand
of destruction cannot be stayed until the evil
has corrected itself. But it is not so in Geor
gia—and we trust will not be. One of the
greatest evils in a panic like the present, is the
I destruction of confidence in the Banking in
j stitutions of the State. This should never be
suffered ; for, in proportion to the loss of con
fidence on the part of the people in the capa
city of those institutions to meet their liabili
ties—in the same ratio are their means te af
ford relief circumscribed.
Southern Literary .Journal.
We acknowledge with much pleasure the
receipt of the April No., being the second ot
tho “New Series’’ of this highly interesting
and popular Southern periodical, which comes
I to us in a much improved dress, and greatly
enlarged ; nor has the enterprising proprietor
been unmindful of the matter wherewith it is
filled, which has kept pace in interest and va.
lue, in proportion to the increased size and im
proved typographical execution of the work.
Sina.ll I’ox.
We perceive by the Columbus, Ga. pnp‘-4L
■ that this loathsome disease has again made '
■ appearance in that city. Ip to the latest dates/
i only three cases had occurred, which were
I promptly removed to the hospital; consequent
ly but little danger was apprehended of its
spread.
Ata States Rights meeting, held at G s
ville, in Hall county, on th 2 1 inst. hie
following named gentlemen w< re appointed to
represent that county in the Co veniion to be
holdeu at Milledgvville, dh the 24th instant:
REUBEN THOR.X ION,
MARK A. COOPER,
WM. I’. Il FED,
JOHN DORSEY, and
JOSIAH 11. GILL, Esq'rs
FOR THE SOUTHERN WHIG.
Mr. Jones
Sir—■
The near approach of the
time appointed for the assembling of the Con
vention of Delegate*, Iroin the Anti-Van Bu
ren Party of Georgia, for the purpose of no
minating a Candidate for Governor ; as Well as
the great interest which the writer in cummon
with other citizen* of the State, feels in the
approaching contest, impel me t» ask (he me
dium of yet:.- paper, to suggest to the partv,
the name of a distinguished individual, as a
suitable Candidate for that important station.
In doing this, I only exercise a right com
mon to all ; and shall present the name of one,
whose merits all have long with pleasure and
pride acknowledged, ns an ornament of no
ordinary magnitude to the party of which he '
has long formed a distinguished and Zealous [
] member—of one whose long services and in
defatigable exertions to promote our cause,
place him high in the estimation of those for
whose principles he has so ably battled—and
sir, of one whose claims I have not before seen
directly submitted to the poeple. I refer to i
the Hon. A. 8. CLAYTON, of Athens. Oil
the merits and capacity of thia talented son of
Georgia; his amiable character in private life,
and his devotion to correct political principles,
with all of which Georgians are so conversant,
j O 7
I I deem it unnecessary to speak.
BURKE.
Columbus, April 26, 1837.
Those persons who may be holders of the
Bills of this Institution, and those who have
deposited money, are requested not hastily to
dispose of their demands. Any gentleman who
may feel disposed to make the examination,
can be readily satisfied the Bank has ample
means. Bills of Exchange and Promissory
Notes to a much larger amount than the Bank
Bills and d’eposites, will fall due in less than
sixty days. If the Bank can only be tolera
bly successful in making collections; inis insti
tution will be able to pay every cent due by
it in a short time. In the mean time checks
from depositors will be received in payment
from the maker or indorser of any note. A!! I
I persons must be aw are the law has provided
j that the Bills of the Bank arc goa l payment
in discharge of debts duo the Bank. It is
j needless, therefore to say they w ill bo gladly
1 received. CHAS. L. BASS, Cash'r. i
In addition to the above, tile Sentinel re.
1 marks :
“The Farmer’s Bank of Chattahoochee has,
if We can credit the statements of gentlemen,
upon whom we hate every reliance, been hard
ly dealt with;
“ We have said the Farmer’s Bank has stop,
ped payment, but we believe it to be entirely
solvent’. W'e might give many reasons for our
opinion. In this belief too, we are hacked by
the citizens of Columbus very generally. As
a proof, witness the number of advertisements
in this day’s paper to receive her bills at par.
Indeed they are now' as good as any hills of
the State for the purchase of goods in tl is
place.”
Some doubts were set afloat last week as
Ito the solvency of the Hawkinsville Rank. We
I i-re happy to be enabled to say. that institution ■
I has exhibited itself entitled to public confidence,
i Its bills we are assured are perfectly good. ;
j The Banks of Macon, the Central Batik, and i
| Bank of Milledgeville receive them, and will
( ( we understand continue to receive them as j
{ usual. The statement gains ground that the I
i run heretofore commenced against several of
I the Banking institutions of the State originated
j not in W&nt of confidence of their abt'ity, hut
I were prompted by other causes. Remote as
{ we are from the scenes of action, wc cannot
{of course speak advisedly. 'l’he confidence
I of the people in the Banks should be maiutain-
• j ed; Banks should pursue a liberal course to
. j wards each other, and render aid and assist-
• ance when necessary, and practicable. Such
. a coarse tends to their interest, as well as tlie
interest of the c mmunitv. — Geo*
——
1 Georgia Rail Road.—O.i
l last, all things having been gotten in readiness,
an Engine,’Called the “ Georgia,” was put up-
I on the Rail Road for the purpose of christen
ing the Road, and testing her capacity for tra
! veiling. The sirccesi Wasr Complete. The
i most sanguine expectations were realized.
. Never did an engine move bettef. About five
. o’clock the steam was ready—the engineer
was ready—everything was ready—she starts
--“she’s oft” said the old stockholders,who.-e
heart beat high with anxiety—wshe’s off”
! cried the crowd—“ O whack” said Paddy—
; “ whoop-pe” shouted the boys, “ she goes it,”
, and away she went, puffing and blowing like
the young hurricane of the west ; dashing
along upon her iron pathways with the speed
of the wild horse of the desert, she soon dis-
I appeared from the eyes of the gazing multi
-1 tude. In a few minutes she returned in the
same style of magnificence in which she de-
I parted and was greeted by the same expres
l sions of admiration and satisfaction. After
; I ibis, the engineer ran her several times back-
I wards and forwards for a mile or two out of
. | the city, fully testing her ability to perform
{ the noble and laudable services for w hich she
I was created.
We have no idea of puffing the establish
ment upon this occasion, as we expect to take
a ride in a few days, when catching the aerial
spirit of this flying steam-dragoon, we shall
waft our readers into the realms of fancy, and
—and —then we shall give them “ de puff ex
traordinarie.—Sentinel cj- Chronicle.
Important and unusual trial and conviction.
—At the April term of the Superior Court for
the county of Jasper, Georgia, 1537, Mrs. 1
Matilda Cogswell, was tried for the murder of i
her atvp-son, Hiram Cogswell, a youth eleven I
years of age. The evidence was entirely cir- \
cumstantial. The jury retired to their room I
with the case about 3 o’clock in the afternoon,
ami returned early the ensuing morning with
a verdict of guilty. The case was argued by
F -ward Y. and Joshua Hill, Esq’s, and il-
C. Dawson, Esq. for the prisoner, and
•■ e ? Richard O. Davidson, Esq. Solicitor Gcn
-y-ral, in behalf of the State.—Sentenced, un
i. der a special provision of the Penal Code ot
; the State in such cases to imprisonment and
! labor in the Penitentiary during the natural life
j of the convict. — South. .Recorder.
i From the N. O. True American April 26.
j The news from Mississippi is of ti*o most {
i disheartening description. Letters from gen- ,
’ tlemen. of th: highest standing in various quar- {
i tors of that State, tell of things that would rot ;
i have been dreamed of two months ago. We I
I shall endeavor to give an abstract of the infer- |
{ mation now in our possession, in order that the
j real state of things may be known.
NegrogS**--—SAbree months since
to bought in any part el':
Missis? - t ,8300 cash. This de- I
scripts o .hoae increased value I
depena -o the late exborbitant j
prices i-there come down to a i
level wiffifci ..'*lit depreciated rates of the j
groat z x !g the unfortunate purchaser {
' minus thousands. The loss on this kind of j
property alone is enough to baukiuptthe st atv
But the misfortune does not stop here.
The planters had anticipated their crops, |
and received and expended three fourths of I
their value months ago. On the delivery of!
the • otton so bought and paid for, they mutual- ■
ly came forward and expected to mortgage ns
it were their labor, capital and time, for the '
next twelve months, in order to produce suffi- |
cieut of the necessaries of life, for the support!
of their negroes, and to get means for carrying :
on their plantations, pitching their crops, &c.
&c. To their surprise, the 4th of March and
its attendant destruction came upon aft their
expectations and crushed them in an instant.
1 hey aro now left wiihout provisions, and the
means of living and using their industry, for
the piescut year. In this dilenia, planters 1
whose crops hate been from JOO to 700 bales, ’
find themselves forced to sacrifice many oi l
their slaves in order to get the common ticces- I
[sartes of life tor the suppoit of themselves and
the rest of their negroes. In one instance;
small planter, whose hopes ran high last wintet
and who owned twenty-two slaves, sold three
ot his best men, for which he had actually paid
$3200, for s>Bso, to buv pork and corn for the
remainder. In many places, heavy planters
compel iheir slaves to fish for the means ot
subsistence, rather than sell them at such ruin
ous rates. There are at this moment thous
ands of slaves in Mississippi, that know not
where their next morsel is to come from. '1 he
master must be ruined to save the wretches
from being starved.
Our Louisville Correspondent writes tHtd
the Bank of Kentucky has made an arrange:,
meat to take at pat, the notes of the Planters
Bank oi'Tcnnessee, payable at the Bank of
Louisiana. A singular circumstance con
nected with tlii'istcpon the part of the Batik
of Kentucky, will show how opt mon arc t<»
step beyond the rules ot propriety in evil times.
A merchant of high standing bought up nearly
SIO,OOO of the Tennessee paper at a heavy
discount, a day or two before the declaration
of the resolution by the Bank of Kentucky t«f
take it at par. One of the firm to which Ahirf
gentleman was attached, watt a dtrsetrfr In ffitf
said Bank; and so boo'd its the dhtejminatior?
was made known, uie scllcrfof tire ,Tenr.e*sed
paper saw the object of the purchaser. dt
great excitement prevailed—-so much so as tot
cal) forth from the Bank Director, a disclaimer
of any knowledge of the affair, and to produce
a prompt refunding of the Tennessee paper so
purchased. When public opinion can tlws
put down unfairness and treachery, it is in a.
wholesome state.- Wo hope the people of
I Louisville will escape the ravages of the pro-
• sent storm. They deserve an exemption.
The currency ofthe State in the worst pos
siblecondition. We see the Banks refusing
to pay silver, and proposing to shave their own
paper. A gentleman the other day r.t Natchez'
bavins $3900 ofthe Planters Bank, demanded
the specie for the same. It was refused.
United States paper at 1 per cent, premium,
or England sovereign valued at $3 and cur
rent at $4 87, were offered. Thus is the hon
cst dealer compelled to use the depreciated rags
of the Bank, or forced to pay an exhorbitant
premium for that which is convertable into par
value. Wc do not know what this means,-
but it savors very strongly of preying on this
vitals of the public at a moment when the
greatest distress prevails, caused too by the'
improper management of those very institu
tions.
Wood used for steamboats along the river,-
| has fallen to three dollars per cord; but there
j will shortly lx; no boats to purchase it at even
I the price. When the largest class boats daily
! bring down from 50 te 100 tons of freight only
I the prospect is indeed gloomy.
i Suchaic softie ofthe principle items of news
■i from the interior.
ComiuriTfal.
' From the New York Daily Express of April 26.•
j Themccti igof Merchants last night was
one ofthe largest meetings of any kind ever"
held in this ci'y. The room will contain a
bout four thousand persons ; it was so crdW--
tied-that not halt the number that wished to 1
be present, could nut even cr.ti’r tl e portals'.
—The Bcsolutions'ad'opted, have giv n genes--
satisfaction, th\ y are firm, dignified and tn
the point, clothed in such language as becomes
. us as a suffering community, a id at the same’
! time such as tlie President ought to h ar. Thb’
i Committee include ixty of our most highly
and respectabl>: merchants aid those who it
is hoped will repair t« the seat of Government.-
Would it not be well if the Merchants of Phil
adelphia and Baltimore would assemble at once"
and app >ir.t similar meetings, that C- mmittbeir
from those places might be in readiness to re.-
pair to Washington together, and thus Iky fie--
ibrethe President the Commercial condition
ofthe cou try. and the.rcmt dies necessary for
an improvement. There are three disdiict
objects pointed out in the Ruso’:.lions.—•
The first is, That tlie Treasury Order Hl»
repealed.
The second, That Congress be convened;
And the third,- ’lhat suits on bonds be sUs>
pended until January next.
From the New York Herald.
MONEY MARKET.
Friday, April 28'.-
The money market drags more heavily a*
long than ever. Stocks yesterday wore st
more gloomy aspect than at any anti cedent!
period during the present crisis. Almost eve*
! ry stock on the list fell, the bank stock* among!
the rest. Even the rail roads, which, if the’
new electro-magnetic power should be realised,
would become more valuable property than
ever—even they tell again and steadily.
Failures also continue, though not among,
the large houses or extensive concerns- The
eastern trade is h. g nniug to feel the pressure.-
Several commission houses engaged in tho
: American domestic dry goods line, have gonn
■ within the last few days. This necessarily
! has an effect upon the eastern trade and manu
i tacturc*. The New England mai.ufactuiing
I system canot escape, when eyerv avenue is
tremhlirg all over the country. We hear that
many operatives arc thrown out of employ
ment by the suspension of the factories.
These persons w ill necessarily crowd to tho
large cities, and thus tend to heighten the ex
citement of the times.
la this city wo expect for some time to
come, a comparative season of quiet, with on
ly two or three failures per day. till we hear
from England what thceftict ofthe explosion
of the Josephs, and ail that followed, will pro
duce in that quarti i. The present gloom iix
| Wall street, is created by * more careful an
! alysts ofthe situation ofthe American houses,-
i and of the amou: t of the aid recently furuisheij
! by the Bank of England, to sustain them till l
! they could get remittances from this country-
I We - ill give this analysis.
| The principal American houses in London,
|as they afe called, are the Barings, Wjlfoi »
I Co. M tide ACo. the Browns, the Lilardis,
I Morrison A Ciyder, and a few ethers of K-sm
■ note. From the most authentic source*, wo
learn that their paper in November last. w.t»
i afloat,based op the American trade to llit a
| mount of $90,000,000. This extraordinary
i extension of credits coupled with a diniimrtioii
I ot the bullion in the bank ot England began to
i alarm the floating capitalists, and their paper'
- began to sell in the si reel, as we Would call if,
at a great discount, sometimes as high ns 1 1-2
lor 2 per cent per month. The money lenders,
I as iu the history cf the Josephs, St. Johns,-and
I others here i.i Wall street, made a golden har
j vert out ol tins paper for a short time—but at
last, seeing the gradual coi tractions cf tho
• Bank nt England, and anticipating a revulsion
both in England and the United States, thev
I drew back tu d l< ft the American houses tot
■ struggle through their difficulties the best way
' they could.
> Some of these houses had extended them
selves as far as any in this country, in relation
to their capital and res iirces. On a capital
ol X 160,000 or 8560,000, several aro
known to have issued acceptances to
the extraordinniy amount ot five or eight
I millions of dollars. Ot? the discovery of
.this system, the money lenders b camo
alarmed. In the meantime, the hous l s
tn question saw the n< ccssitv cf etirtrihneiit.
: Accordi’ glx, Ireni November, 1836. up t-i*