The southern Whig. (Athens, Ga.) 1833-1850, July 08, 1837, Image 2

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• 4 Ah, Sire’ I can never be sufficiently grateful for your kindness.” * •• 'I wo or throe years after this circumstance, the Emperor was with the army in anothei campaign. Napoleon, you know, has a won derful power of recollecting the countenance of perosi.s whom he lias once seen. On one of his marches, he met and recognised the vivaudiere and her son. He immediately rode up to her, saying, , „ “Well, my good woman, how do you do. Has your busband kept the promise he made to me ?” _ , , The poor woman burst into tears, and threw herself at the Emperor’s feet* “Oh, Sire! Oh, Sire! Since my good star led me into the gracious presence of your Mejesty, I have been the happiest of women. “Then reward me ty being the most virtu eus of wives.” | { w pieces of gold were presented w itn these words ; and, as Napoleon rode off, the cries of ‘Vroe I'Empcreur,' uttered amidst tears and sobs by the mother and her son, were enthusiastically repeated by the whole batta lion. _____ Continuation of Cot. Ilamsl ten’s Let Ur to Mr. Biddle. It may bo assumed th nt our present embar rassments have divided the country into two parties. That they consequently offer the following antagonist remedies. Ist. The organ of the Government indicates j a determination to divorce the government from all connection with Banks, to have its awn strong box, and by compelling the pay manta of ail Government dues in specie, to bring the country buck to a hard money cur reucy. 2diy. The supporters of a credit system are simply iu favor of a re-charter of the Bank of the United States by Congress, and believe that by the salutary operation ofthis institution on the circulation and exchanges of the coun ery’, the present- evils woutd be cured w ith th least possible disturbance to the great inter ests of the country. The limits to which my own inclinations and a due regard for your patience assign me, forbid my treating the large and profoundly in- i foresting topics comprehended iu these proposi. tiouirs, amanntr which their own itr porta’ ce would seem to demand. They cannot how ever be passed over in silence. It must, I think.be obvious to any man of reflection, that if it should be desirable that coin should either form the sole constituent. or enter more large !v into our circulation, this e d is only to be accomplished, safely and be eficially, by a gradual process ; by which the country shall beeven insensible ot the change which is go ing on iu the standard ot value. I'll” truth is, this country a d Great Britain have been built up by’ the credit system, or. in other words by a paper circulation ; if not a. all times conver tible into specie, at least at all times havi g its value guaged by Gold and Silver. It the Government had the despotic power of anni hilating every Ba . k in the United States at a blow, and of burning every Ba. k Note by the hand of the common hang-ma i. it would only lead to a ruin and transfer of property, greiter and far more desolating than have signaliz’d the footsteps of the most sanguinary revolution a nrciirriid ill the world.—lt there tore, co mjms nn:em j T In is e nff, ea n s wh ic h have been announced, it must produce a climax in our present suffering. and fill the whole coun. try with convulsion and alarm. The truth is. the institutions and hab ts of a people are not tp be torn up iu a day. The excessive issues of paper money has had much to do with our present difficulties, but the emission of credits, in the shape of a convertible circulation, when well sustained and guaranteed by specie and its equivalent in solid securities, have made Englund and America what they are, whilst a hard money currency has not prevented Spain and I taly from sinking into their present condi tion of debasement and imbecility. The mere fact of not making paper money a legal tender in ordinary times, is an effective security for its solidity to the public. Mr. Burke, in the grandeur which belonged to his genius, said forty seven years ago, in speaking of the currency of England, as contrasted with that of France, “Our paper money is of value in commerce, because iu law it is none. It is powerful on change because in Westminster Hall, it is impotent. In payment of a debt of twenty shillings, a creditor may refuse all the paper of the Bank of England. Nor is there amongst us a single public security of any quality or nature whatsoever, that is enforced by authority. In fact it may be easily shewn that ourpaper wealth, instead of lessening the real coin, has tendency to increase it. Instead of a substitute tor money, it only facilitates its entry, its exit and its circulation; that il is the symbol of prosperity, and not the badge ofdistress.” There is quite as much oftrue philosophy and sound sense in this passage, us of verbal elegance. —The history, both of England and America prove it- Limit the Circulation of paper to its represent, five in coin, and the securities of substantial property, and a country is at once blessed w ith a curren cy sound, safe and healthy, and competent to perform all the transfers and exchanges of her trade, commerce and agriculture. To af tord however to the public, a security for the application of this limit, is the difficulty. This nevertheless is a duty and trust of every civilized government, and involves an obliga tion that can neither be compromised or post poned. It is a duty which our government must perform. If they have not the constitu tional power, it must.be conferred by an amend ment of the Constitution. It is in vain to speak immediately of the destruction of every Bank iu the ccun'ry, even if this measure was e, it could not be accomplished with safety in less than thirty years, and then by a process the most gradual and healing, The effort to establish a hard money currency f r the Government, and at the same time that the people should have one of paper for them selves, must perpetuate our present embarrass ments, and if practicable, must end iu calamity and convulsion. The truth is not to be con cealed, sir, that if the advocates of a hard mo noy currency could succeed in carrying their favorite hypothesis into practical operation, every man whose liabilities amounted t.> one fifth part of his actual property, would b<- ruin cd. I leave any man who is acquainted with the character of our people, to decide if ihey would [KSrmit Col. Benton to put us like mice into his great metallic retort for the purpose of ascertaining how long we could breathe in this exhausted receiver. I have no toleration for theories that ate to place I’lue tenths of the country under the parental custody of the Sheriff, or o 'consign some of the b st men among us to the despair which sudden poverty brings U| on those who have o hers to curse and not themselves for their ruin. Whilst I feel the utter absurdity, not to say wickedness of precipitating the country sud denly into a great and alarming cha ge in its currency, I am not insensible ot the signal evils which are on the other ha id incide t to a profuse issue of paper money, which com hined with a spirit of extravagant speculation, have brought us precisely to our present con dition. I shall therefore now proceed with the h utmost deference, to suggest what seem to be ( appropriate remedies to meet the evils of the t present crisis. j t Ist. I shall speak of tlr-se which are of a| <. permanent character, which I think will ap- < proximate to a gradual, though effective cure i of our currency. a 2d. Os those of a temporary character, but <; by which however, the Banks might at an ear- < lyday resume specie. payments, and from i which immediate relief might be afforded, and < the present embarrassments essentially mitiga ted, or entirely removed. f Ist. No permanent cure can be applied to i the existing distt inperature of our currency, < except through a fixed, provision of the Con- i stitution and Laws by which,the Bank capital t of the United States shall not be increas’d i I hereafter ; but on the contrary, be gradually ] diminished by the falling in of the Charters ol i existing Bai.ks until the amount ot capita, j among the States shall reach a point to b < apportioned by some ratio among them, that shall be deemed safe and proper. Perhaps a i ratio that shall be compounded of population i and exports* would be the safest rule of pro portion. For this and the following-purposes, it Would be necessary to obtam ah amendment of the Constitution ot the United States. Ist. This amendment ought to contain likewise the explicit grant to Congress of the authority to incorporate a Batik of (he United j States, with such limitations against the abuse of power as experience may have suggested. This provision ought to prohibit the govern ment of the United States holdi g more than one eighth of the stock of the, said Bank, for which it should be entitled to but one sixteenth of its representative power in-the election of its directors. 2d. The States should likewise solemnly abjure the power of incorporating a Bank be yond the amount of capital fixed as the ratio, and confer upon Congress the power of de termining the denomination of the bills to be is sued, in order that in this essential particular the currency' might be uniform throughout the United States. The object of this last provision will bo ob vious. Congress might through the instru mentality of this power, gradually increase the metallic circulation, by enacting, for example, 1 that no state should after the year forty issue I a note of a less denomination than Five dol lars, iu fortv five of Ten, and in titty of a less denomination than Twenty dollars. A scheme , which Mr. Calhou i disclos d iu his able speech on the Currency. In this mode 1 concieve that the banking capital of the coun- : trv might b- brought down, the paper curren c’ diminished, and th.- metallic circulation gradually augmented without a .y dangerous disturbance <-t the standard ot value. it is a most fortunate circumstance that as Congress will meet on the Ist of September, the aineudme.nt might be passed by that body, proposed to the legislatures ot all the States which will be in session i the course of the wi .ter, and if ratified by three fourths, become a part of the Co. sti'ution by the Ist of March mxt. I hope it may not be deemed u seasonable, ' that: should off r a tew reaso s in f vor ol ’ amending the Constitution, to place beyo da doubt, the authority of Congress to incorpo- J rate a Bank, and if co. ferred, that I should offer a few reflections on the expediency of ! re-churtenng your Bank with some modifica ’ --t jvu Hwy irrrr?n*Tt“iTXt?rtr3trTpTfTxnge to amend the Constitution of the United States iu this important particular, yet the cou dry ' ' has been so seriously divided on this great i i question, that it becomes i matter of the high j est public concern, that the Union should be no longer agitated on tnis exciting topic. You are, moreover, well aware, that most ’ of the objections to a Bank of the U. States, I have rather been as to the co istitutionai com petency of Congress to create 0..e, than to thi. policy of this fiscal agent, of great and saluta ry use, if under effective control and able and i y . laithful management. By an amendment of the Constitution every pretext of opposition will betaken away from i those who. in point of fact, must admit the great usefulness of this agent, and in the or ganic process by which all power is conferr ed under our government, the question passes deliberately before the different States, and un der sanctions v hich will insure a public ac quiescence in the measure. 1 think a prefer ence should be given to the re-charter of the ■ present Bank of the United States, lor several j reasons which appear to me satisfactory. In the first place, by taki g your Bank, the bank ing capital of the United States is not increas ed. i new institution would augment this capital probably some forty or fifty millions, and revive that licentious spirit of speculation, which it is the interest of the country to have allayed. Your institution is, moreover, in the exercise of its full functions with its capital paid in, and in possession of ail the capacities | for immediately acting beneficially upon the currency of the country. I do not think tho - Government ought to corporate your Bank, without your Stockholders should consent to i surrender one halfofyourca pital on their re ceiving either the par value of the Stock so ’ surrendered or its actual value as estimated ( pro rata, by adding your surplus, so that the - Stock of the present Stockholders of the Bank i of the United States might be brought down to , | about fifteen millions, that the other twenty ’ | millions be divided between the Government ’ j and othei Banks. That a Bank iu the City of New York should be selected asyour Branch, whose capital your Bank should take as your j Stock, letting the Stockholders in at par for the amount of their Stock, a Bank be likewise se lected iu Boston, Providence, Baltimore. Nor ( folk, Charleston. Savannah, Mobile and New , Orleans, and the rest of your capital of thirty ( five millions to be divided bi tween the Gov. ( ernmeut and other Commercial points where it wou’d be expedient to establish branches. I would not, if I had the power, give you a renewal of your Charter on any other terms. t because this scheme involves no dangerous augmentation of the Banking capital of the United Stat<e, which as a whole, ought not ’ on any account to be increased. It is true that in several of the States this capital might be safely augmented, and perhaps if the amend ment of the Constitution was adopted, which I have suggested in some of them, it would ' be sou d that their capital had not reached the ratio which might be fixed for their proportion. South Carolina for example, will judiciously bear an increase of her banking capital, as it is notequ I to the separate value ot her exports, throwing her internal trade a .d exchanges out of the question. Still ookitig to the whole interests of the country, it would be of vital importance that the process rather of reduc tion than increase should be promptly com menced. I have thus far. Sir, very imperfectly sketch ed what I believe to be a probable cure tor th unsound state of the currency of the coun try. You perceive that at least the remedy involves no sudden or perilous change in eith i er its existing batik capita! or circulation. The process combines a gradual reduction of i lie one. and the gradual increase ot the pre cious metals, by a withdrawal at safe intervals , of the smaller notes from the currency. 1 should have felt much greater diffidence m offering these suggestions to your consider- ation, in relation to the amendment of the Constitution, if they had iot b -en confirm, d | by early the same views v. inch I son d hud : been taken up by’ a distinguished gentlemen 1 of this Slate, (Col. Blinding.) who at the head < of the Commercial Bank ot Columbia, enjoys in an eminent degree, the public confidence as f a skillful and able financier. It gives me gi eat pleasure, to acknowledge, that for some of the suggestions of this amendment, I am indebted to his acuteness and sound experi- Having thus disposed of the permanent re- ] medies for the debasement of our currency, which look for their exercise to an amendment I of the Co stitution, let me now say a few words of those which are within the legisla tive competency of Congress and within the reach of those who direct the measures of our Banks, which can be promptly applied, and from which the power of resuming specie payments on the part ot he Banks, may with very little delay be obtained. In the first place, I believe nothing is want, i '.g now but a proper concert amo :g the lead ing Banking institutions of the country, with a proper understanding with the Government, to enable us all at an early day, recommence redeeming our r.o’es in coin. The object of this communication is to bling about this co. cert and this understand ing. I therefore suggest to you that- the Presi- ■ dents of the Banks of Philadelphia hare a j meeting and address a Circular to the Banks | of the different Commercial cities of the Unifed j Stales, requesting the Banks of each city to | appoint one of its Presidents as a deputy, to I meet in Philadelphia, on the second Monday in \ August, for the purpose of conferring as to the means and period of resuming Specie payments, that the same, may be universal and simultane ous on a certain day, throughout the United States.— With this view I would suggest, that at this m ating a deputation should bo appoint ed to attend the Session of Congress, hat by a proper understanding, he Banks may ■ rornpt ly co-operate with the measures ot Govern ment in bringing about the greatly to be desir ed resumption. I have very little doubt with this concert, if the Government wd! issue Treasury Notes • bean gsrch a moderate rate of interest as: shall not retard th dr quick circulation forth i ’stalments of the Surplus Reve tie hereafter falling due to the several states, redeemable in six, nine, and twelve mouths, by the Depos -1 ite Banks, and at their c st, that specie pay- I merits may be resumed contemperateotislv j with the issue of thes ■ Exchequer Bills. I They would sta d effectively in the place of Specie, moderate the demand for it, and by being nude pay. bl" at diff re , t points in the U ion, s. rve the purposes of exchange. Be fore they were exhausted the new crop of Cotton would be i market, to enable us to pay our foreign debt. But at the present, the Banks arc acting : without the slightest concert, and as far us 1 : cat, lear , without the smallest u derstandi g with the Government. The existing state I : thi gs tor the i .terest a .d honor of ur country should not be permitted to last one hoar beyond , th. Meeting ofCongress. i’ The longer an irredeemable paper currency i is permitted to continue, the more difficult • j becoin s the resumption of payments in coin. I Like Opium, as you have very justly remarked fI in your letter to me, the dose constantly re- • I quires doubling until prostration and death en ! What We mny ur.r tins yt*ar in reaceming ; our country from the stupifying lethargy, may ■ become impossible the next: until we have fixed upon us one of the greatest curst s that cau scourge a civilized community, is an in- ; convertible paper currency. When this evil comes in its full potency, and paper is rejected : universally as a legal tender by private credi , I tors, as well as that great public creditor, the ■ I Government, and the Sheriff will take nothing ■ but coin for his levies, then Revolution and • I bloodshed are not long iu the rear. It is in I ! a period like this that the great authority to which I have before referred, says : “That a I man can neither earn or buy a dinner without I a speculati hi. What he recei esinthe morn- I iug will not have the same value at night.— What he is compelled to take as pay for an old debt, will not be received as the same when he comes to pay a deb! contracted by himself, cor will it be the same when by prompt pay mei t he would avoid contracting any debt at all. Industry must wither away. Economy must be driven from your country. Careful provision v ill have no existence. Who will 1 labor without know ing the amount of his pay? W’ho will study to increase what none can estimate? Who will accumulate, when he does not k .ow the value of what he saves ! I fyou abstract it from its uses, in gaining to accumulate your paper wealth, it would be, not the providence of a man, but the distem pered instinct of a jack daw.” This picture of the condition of the currency in France, during her portentous revolution is the type of what in the process of time must be the state of our own. if the efforts of every man in the Country, who has the smallest in fluence adventitious or direct, is not strenuous ly applied to our redemption from the dark calamity with which we are threatened. The Banks in the principal commercial cities may do much to bring about this desirable result, but without the cordial co-operation of Gov. erumeut, they can do nothing. Anxious that this aid of Government, should be afforded, 1 have referred with all possible moderation to those topics of exasperation by > the tendency of which it is designed to fix up on the past and present t dministration, the 1 entire responsibility of those disasters into which we have been precipitated. 1 could have made this letter redolent of sarcasm and vituperation against those in power. But my object was not to say harsh things to augmei t existing difficulties or widen the breach alrea ( dy subsisting between the Government and the ■ supporters of your institution. I deemed il 1 belter in the spirit of conciliation to bring the • power of a man of your eminent influence to ’ bear iu accomplishing an effective remedy for ’ the evils under w hich we a - e sufferin’’. I ( believe the Gov< rnment with yourself and a • lew of the leading Banks in the commercial cities of the Union can in a very sin rt period • after the meeting of Congress, apply this rem -1 edy. But if in preference to a course of uni- I ted and harmonious of forbearance, ’ temperance and moderatioi!, the effort should ■ be made to obtain an and un qualified re-charter of a Bank of the United t States; if in preference to looking singly to a > cure ot p’ blic calamities, those in opposition < should alone seek to convict the present Ad ministration of the exclusive guilt of briugm” I ruin on the country, ai d this effort b; made for the purpose of amioiuting softie new candi ■ date tor the Presidency, depend upon it. from this convulsion of faction we are destined to pass through a crisis the darkness of winch no • mao can estimate or foretell. I cannot believe . that the co-operation of the Executive of the United .states, will be withheld in uniting on some safe and practicable scheme for relievi .g , the Country from these calamities. The cri sis demands that he should rise above ttie mere trammels of party. To this he will be ! ; impelled by impulses ofhisowti ambition ■ which must find its aliment in the safety honor ! and happiness of his Country. But m tfie work of remedy and conciliation.' 48 U t r M OS it i © ♦ your Institution may. be made the ralhing point. Let us then leave no effort untried to accomplish this result. O> it depend the Public Credit, Honor, Peace and prosperity of our country. In conclusion, I beg leave to subscribe my self, w ith gn at esteem and consideration. Very respectfully, Your ob’t Servant, J. HAMILTON- ihe. f rst result is auspicious I— By the Ex pn sg M ul this morning we received a slip from the Philadelphia Commercial Herald, bri grig the good news of the election of Mr. Naylor, the Whig candidate, m the third Dis tricl of Pennsylvania, over C. J. Ingersoll, the Van Buren candidate, by a majority of 400 votes. This district is composed of the North er,: Liberties of the city of Philadelphia and part of the county, and has always been one of th ■ strong holds of Jacksonism. Chronicle <§• Sentinel. On Wednesday evening last, an extrao’-di nary large meeting was held in New York to nominate Mr. Webster for the Presidency. A number ot resolu.ioiis were ’ passed among which was one declaring that alth >ugh that meeting nominated Mr. Webstar, yet they did I not. intend to Separate themselves from their political friends, but would abide the decision i of a national Convention.— lb. i I Anecdote.— The late John Randolph, of i Roanoke, in the year 1813, when the New j York banks suspended specie payments, had | a remittance of some thousand dollars made i him from England. The sum covered the j whole of his tobacco crops, and (he funds were locked up in the vaults oftl.e Bank of America. Mr. Randolph was at the t me in the prim” of life, in the full enjoymeiitofiinequalled popular ity. lie repaired to New Y'-rk and demand ed his funds in specie. It cannot be had was ihe prompt reply, “It must be had.” was the laconic response of Mr. Randolph —The b ink was iucorigible till the succeeding day, when the columns of the New Y r ork Columbian announced by advertisement, that afternoon, at 2 o’clock, the Honorable John Randolph of Roa oke, would address the people on the : subj ct of the Ba; ks, andthe frauds they com mitted, from the steps oftließank of America! It is scarcely necessary tn say, that before tlr hour arrived every farthing d> manded by Mr. Rai«dolph was paid over i specie—Petersburg Intelligencer. Th Floridia of the 24th ult. c-»utai, s the following m relation to the movement of the Indians: More Indian Reports. — Major Stewart, who has command of a small :orce stationed on the frontier, near San Pedro, and who passed through town a d y or two since, states that on Su May last fresh signs of L.dians were seen on the east side of the Suwannee river. A number of fires have likewise been disco- I vered from the Gulf by vessels passing in the neighborhood of the Suwannee. A report is likewise in town of John Baeon, of Jefferson, bei g fired upon bv a party of Indians, near Col. Gamble’s plantation, a day or two since. : It is said he was driving cattle at the time, When, on appr inching a small hammock, three or four rifles were discharged at him, one ball while a third shattered the breech of his gun. 'l'his was on Sunday, and no . pursuit being : made till Tuesday following, no Indians could be found. Some doubt the correctness of th s I report, and we do not vouch for its authentici ty. There can be no doubt that it there are not already Indians on our frontiers, there soon will be, and unless more effective measures are immediately adopted for defence at the Suwannee, Madison, Jefferson, and Leon, will become the theatre of war. Sr. Augustine, June 27. Our Prospects'— They are as bad as bad can be—how shall they be bettered, is the question.—Not by the removal of Gen. Jessup as some wish, and others are inclined to wish, and substituting Gen. Scott, as the prayer of some is, but by a right use of the best infor mation we have. We had hoped (hat from the energetic char acter of the officer now in command, and from his successful operation against the Creeks, that our India) war would have been brought to a close long since, but after being tn the field for seven months, nearly all of which time ne gociations have been pending for the removal of the S minoles, it is now admitted that their diplomacy has completely outgeneralled the General’s. It is now ascertained, and is honestly ad mitted, that Gen. Jessup’s policy has been a complete failure, a: 4 that we are to have an other campaign, which, from every indication, must be a bloody one, unless contrary to our expect.itsons, the Setninoles should comply i with (he terms of the ill-judged treaty of am nesty that has done so much mischief to the inhabitants of the country. The seasen is now closed for operating r> a country like this, and as a matter of necessi ty, the troops must be placed in healthy posi tions, until the autumnal months shall have passed by,so as to render it safe to take the field again. 'l'his period should be treated as a call from labor to refre ihment, and two things should be attended to : —First, to see that such a line of posts should be established, as would effectually cover and protect the in habitants of the country from injury and just cause of alarm.—Secondly, to take advantage oftbis period for the purpose of establishing health and discipline, and of placing the army in the most effective condition for the most en ergetic operations in the coming season. The rumor that Gen. Scott is to supersede Gen. Jessup, we place no confidence in ; and we should be sorry it'it should be so, not from any unkind feelings towards the former, but from the opportunities that the latter has had to obtain a knowledge of the country in which he was required to operate, he possesses ad. vantages superior to any comma der that could be brought into the field. So many ol the of ficers of the army have said, that this country differs from all others, in respect to th se facil ities that are necessary for an army, that we arc bound to believe it. Every thi g, there fore, must be learned. Placed in the situation i:. which Gen. Jessup has been, he, with all his officers, have been greatly instructed by Powell’s diplomacy, and have gained such a knowledge of the Indian character, of the In dians and the localises, as will enable them to operate with greater advantage than any other officers that could be brought into the field. M e should therefore regret it, if any change should be made in this respect. But to return to our condition.—We want that portion of Florida that has escaped the Indian ravages, effectually covered and pro tected. Should it not be so? And should not our military friends receive suggestions from our citizens, with the most respectful feelings; and with a desire to adopt such as may be giv ! ei> by those who have had years of experience ! of I he Indian character, and of the value to the j citizens of the positions recommended. i O.i the East of the St. Johns, there is, we have often said, nothitig-left, but .St,.Augustine ; and the Mandarin settlement, and from two to three thousand head of horses and cattle. The cattle and horses may be an object with the Indians, and unquestionably they will en deavor to lay waste every habitation that they dare approach. We know very well that wc shall be told that there is no danger ; but wheth er this is true or false, let the past admonish us to be prepared for the future. Every position that appears to offer any advantage at a'l should be occupied. Should not a line of posts then be established from the mouth of ./Moultrie Creek to Picolata ? If such positions should be taken up, the Mandarin settlement and the horses, cattle and other property would be most effectually covered. Besides this, a’ least 200 mounted men should be held in rea diness to send out as scouting parties in any direction at a moments’ warning.—Our own citizens ! Y'es, (don’t let this startle a single officer) our own citizens should be held in readiness ia the service, for any emergency. —Herald. From the Savannah Georgian June 29. We learn from a gentleman who left Jack sonvil'e on Sunday last, that a report prevailed there that Sam Jones and Powell, who, it is ! said, are now at the Mi.casukies held a Coun cil recently near Lake. Mon roe and condemned Micanopy to death, for having signed the Trea ty with Gen Jesup. Micanopy, was, pursuant to the sentence hewed to pieces by the savages. The sub. chiefs. Cloud, Alligator Tigertail and Wild Cat had ail been deprived of their ra k, for signing the Treaty, and reduced to common Warriors. We learn also that a party of seven Indians had visited the plantations of Messers. Clark’s and Rollins, within seven miles of Newnansville and commenced cutting down the crops of those gentlemen, who, being there alone, (their families being fortunately absent,) immediately ■proceeded to Newnansville. We fear that this is but the prelude to anoth. ! er disasterous summer to be encountered by the inhabitants of bleeding Florida. j From the Charleston Mercury, June 30. Bv the Steamer Cincinnati, Capt. Curry, ar rived yesterday morning, from St. Augustine, we have received the Herald of th ■ 22d inat. from which we glean the following informa tion relat ve to the slate of affairs in Florida. \ report having been circulated that th: Asiatic Cholera prevailed extensively - t Fort M lon, the City Council of St. Augustine passed resolutions requesting the Major to write to Gen. Armstead, and ascertain if th it be th" case, and if it is, respectifully request th General to adopt such measures as in his judgement he may think proper to prevent its i torduction into that city. Having carried into effect the request of the Council, the Major, through Geo. Armstead, received a copy ol an official report from Chas. H. Lamp; Assistant Surgeon, U. S. A. under date of the 13th June, from which we extract the following : “Sir, In obedience to your order, I have the honor to inform you, that th< . disease which made its appearance at this post some 3 weeks since and which from many . decided and unequivocal symtoins that char acterized it, I was induced to designate as Cholera, was not of that epidemic constitution . of character conceded to be the universal I attendant on” Cholera Asiatic” but on the . contrary was one of a purely local origin, | -. * —r» ——— I existing at this place, viz ; a sudden and con r tinnal falling of the waters of the Lake, thereby , exposing an extensive surface of putrid and s partially decomposed vegetable matter to the influence of a high degree of temperature, the . thermometer then ranging from 85 94 degrees , Fahrenheit. ; “I am happy to have it in my power to offer vou some proof, in confirmation of the view I I have taken of the purely local character ot the disease in question by informing you that since the alteration in the condition of the different localities of this post, in consequence of a I heavy fall of rain, that all traces of this disease have disappeared, and up to this dafj there has not been the slightest indication of a return. ' . . Our Indian Affairs. — M r e have but little to ’ commu icate in relation to our Indian affairs this week. Nothing has been heard from Gen. Jesup for several days. Fort Mellon has been abandoned on account i ot the unhealthiness of the Post. Col. Har , ney who commanded there, has arrived here with his command of abou 400 dragoons, who are stationed at Fort Marion. Coa-coochy, (Philip’s son,) was at Fort Mellon when Col. Harnev left, with about 20 Indians. They ■ expressed the most pacific intentions if the ■ whites did not molest them, and promised not to burn the fort. They expressed a desire to visit Cui. Harney in St. Augustine.— Herald. Later—Report oj the Murder of Micanopy— ■ More Indian Depredations. — Since the above ’ was in the type, an express has arrived bring fog information from the interior of consider able importance. A letter from Fort King ‘ states, that information had reached that post 'hat the Seminoles, after obtaining possession of Micanopy, had murdered him and cut him t” pieces. It is supposed that the cause for this act was his friendly disposition towards the whites, his continued aversion to the war, and his good faith in attending to fulfil the 1 late treaty. This act is taken as a decided evidence of their continued hostility, and that thev will not now gooff until they are entirely ’ subdued, u d their pride and arrogance hum bled. It is not precisely known how this informa tion was received at Fort King, it is doubted by the officers of the army here ; but if the negro tale be true, that he was deposed some time since, and Sam Jones elected in his stead, it would doubtless be the objeet of Sam Jones to get rid of him to save trouble. Charley ' O’Mathla was served the same fate for his 1 friendly feeling towards us. The garrison at Fcrt King are represented 1 to be very healthy. Out of six companies there, 1 there were about seven men on the sick report at tne last advices. 1 The troops at Micancpy are also in good health. I ndian fires have been seen opposite to Pico lata oh the St. John’s River. Gen Jesup is ' expected here in a few days, and will probably ■ establish his head-quarters here. A portion 1 of the Creek Regi neut are to be stationed at ' Picolata for the present. Vt e understand that thev will be ordered to Micanopy and I’ort King. The remainder will be stationed at or near 1 Tampa Bay, until their term of service expire, which will be shortly, w hen they will be dis charged. They are tired ofthewai, and have been anxious to be discharged since they vol unteered, except, the sick, who have been sent to Mobile Point. Two companies of Dragoons have been or. dered to take post at Picolata. 'lhey will sail to-day iu the steamboatJCamden. — Ibid. We have heard it stated that ground has been planted in Alachua and Columbia counties the past season, sufficient to yield 100,000 bushels of corn ; but the “sowers will not be the reapers,” and they who planted will n >t be permitted to harvest. This will al) beaban. . ; doned to the enemy, together with much cattle and horses. About 10,000 head of cattle are < now on the Big prairie of Alachua, and lately , about 300 head of horses condemned by th. ( United States and sold, have been turned loose there to recuit. It is hard thus to be compelled to abandon our homes, our all, our Jiving.-Ifcid. On Thursday last Capt. Drane’s company ' of rnaunted artillery, went out on a scouting expedition in the eeighborhood of this city. , They proceeded as far as Hewlett’s Mill about 18 miles south of us, and returning making a circuit to the west about 50 miles. No signs were discovered of any Indians.— lbid. Three negroes belonging to Z. Kingsley, Esq. arrived at Picolata yesterday, from Drayton Island, near lake George who report that they saw Indian fires all around them, and that they left from fear of capture. It is fear cd that the remainder 17 iii number, have been captured by the Indians, as they have not been since heard of. Mr. Kingsley re-established his plantation soon after the capitulation of the 1 ndians.— lbid. eamtja. Athens, Ga. Saturday, July 8, 1837. Eon GOVERNOH. Governor Schley. His Excellency left this place on Thursday last, after spending a few days in Town, on an electioneering expedition, through the Chero kee Circuit. The long loud and deep dissa tisfaction expressed of his administration, by the good people of that portion of the State, has rendered it imperious in the estimation of this dignified Executive to stoop from the dig nity ot his station to the degraded vocation of a paltry party demagogue, to seek support for the | first office in the State, by a fawning subser j viency which should disgrace him who would canvass for the lowest office. Such a thing as this has never been witness ed in Georgia since the days of J ahn Clark, and we had hoped for the honor of the State, and the dignity which should attach to her chief executive, that the executive chair would not again be filled with a man who would cast so foul a blot on her escutcheon, and subject her citizens to such a humiliating spectacle. , We are aware that the friends of the Gover nor dignify this tour with the imposing object ol superintending the surveys of the route for the Western and Atlantic R’il Road, and the veiy air is almost made to reverberate with . praises of his zeal, energy, and devotion to . the great cause of internal improvement. We blush for the science of Civil Engineering, t when such men as Wm. Schley feels called f upon by an imperious sense of duty to superin tend the surveys—a man whose ideas of the t science are no doubt as clear as the Irishman’s who, on hearing that the Americans generally 3 resided in wooden buildings, could not for the j life of him divine how it was possible to build 1 fires in them without destroying the buildings. 3 The Governor is aware that there exists such ’ a science, and by its aid routes for roads are “ determined to be practicable or not, and, like ,• Pat, he is no doubt mas great a dilemma to 1 know how it is so. We cannot but congratulate the people of ' Georgia on having such a talented, enterpri ziug Governor. But we should very much :• like to learn from his friends, who are so loud 1 in his praise, why the necessity of employing ‘ the distinguished Engineer at the head of this corps, Col. Long, if the Executive was so t I competent to discharge those duties ?—and _• j why not, as he felt so great an interest in the s prosecution of the work as to leave the seat of government at which place his presence is ’ more immediately required than at the surveys, ’ have appointed him to locate the road, and thereby save the State the expense attendant I upon employing an Engineer? W’hile on this subject we have a word or ; two to add in relation to the slang which is ’ circulated by the opposition with regard to the ’ opinions of the present candidates for Gover nor. Driven to desperation they assert with i the greatest apparent earnestness, if Schley is 1 elected the Road will be completed within three or four yeors; bit if Gilmer is elected the work is prostrate, and the money which . shall have been spent, lost to the State; for it is well known Mr. Gilmer is opposed to internal improvement. We have, together with oth ers, previously contradicted this base slander ' upon Mr. G. and demanded the proof, and to our astonishment a few days since wo had it i developed.—Yes reader-had it proved beyond the possibility of a doubt, that Mr Gilmer is the uncompromising enemy of internal im provement—proof strong as Holy Writ. Hear it ye Jackson men—ye Anti-Bank men—ye ’ advocates of a hard money currency hear it. Would you believe it ? He has said when the stockholders of various rail road charters were seeking to obtain Banking privilege's from the Legislature, “that no such privilege ought to • be granted by that body ;” and this forsooth is ; readily perverted to charge upon Mr. Gilmer an opposition to internal improvement. How contemptible? We envy not the wretch his ; small share of political or moral honesty, who could make such a charge under such circum. I stances. Tlsc Standard of Union. We perceive by the last number of this print, that we have fallen “ within the range of its artillery,” and have received a raking ; fire. We confess tonishment at the slight loss we have stu’ jl <C :d, when we reflect ' upon the flourish of hyj, ps with w hich it rushed to the onset, after two week’s exercise of its philosophy Think of that, reader ! Tom Haines, late candidate for Governor, of ' the Troup party, more recently apostatized 1 Editor and Treasurer of the Van Burm John son Amalgamation party, to talk about the ex ercise of philosophy ! Why we would as soon suspect the Governor for being a Civil Engineer, as Tom for a philosopher— unless indeed he considers philosophy as consisting in selling his principles for office ; if so, we grant him the possession of a large share— such as has fallen to the lot of but few men. In its labored review of our article in de fence of Mr. Gilmer’s opinions, the Editor has very adroitly managed, from the begin ning of his “ Book” up to .the conclusion of his second chapter, to avoid giving anv views of his own upon the subject; but is who I opposed to Mr. Gilmer’s sentiments as expres sed in his message. This is m perfect keep ing with the usual course of that Journal. Has it shown its readers the converse ot Mr- Gilmer’s suggestion, to sell the Gold Mines, to be true ? No—this is rather too laborious a duty, and would be quite too difficult to pro', c. But its broadside poured in upon us, is made up of questions —desiring us to answer by whom does Mr. G. expect to be supported? We would answer this by remarking, that he expects the support of the intelligent, who are unpolluted with your philosophy. Vic are called upon to furnish the evidence of the innumerable frauds practised upon the nonest and unsuspecting in the purchase of their lands. This we can do, by a reference to the Records of the Courts, and of all which t ie Editor of the Standard of Union is as ful ly aware as any other individual in the com munity. That the Records of the Courts fur nish abundant evidence the Judges who pre side can testify.—And we invite the Editor to an examination of the records of the Courts of Gwinnett, Forsyth and Hall counties only, anti we challenge him to array before his readers the names of the parties, and we pledge our selves to show who they are, to what political parties they belong, and their relative standing in the communities in which they live. Will the Standard flinch ? Fourth of July. This national anniversary was tnaikcd in this place by the display of those vivid manifes tations of patriotism and reverence for the principles of constitutional liberty which have ever been a distinguishing trait in the charac ters of our young men. The morn was ush ered in by the firing of a salute from the Col lege Volunteers ; at an early hour of the day, they paraded, and after performing various evolutions, together with a highlv respectable number of our citizens, repaired to the College Chappel at half past 10 o’clock, A. M. where the Rev. N. Hovt, i i a fervent and impressive manner imphrtd the blessings ofa Divine Pro vidence, when the declaration of independer.ee was read by Mr. D. W. Lewis, and a chaste and spirited oration was delivered by Mr. A. Williams, ail of which combined with the thrilling strains of the Athens Band, in the per formance of several national and other airs, in their usual felicitous style, rendered the scene one of veiy imposing character. connuivic ated FOR THE SOUTHERN WHIG. i A Review Os Gov. Hamilton s Letter to Nicholas Bid ! die. Esq. President of the Bank of the U. [ States. While the country is writhing under the j effects of a wayward policy, w hose results may well defy the most enlarged foresight, yet 5 'vutU.l tn require a very moderate share 5 of enlightened judgment to comprehend their > true causes. An error in this regard, I will not say betrays cither weakness or wickedness, [■ but I will say promises sure defeat to every remedy proposed for the existing mischiefs. The letter at the head of this article, spring. 1 ing from a lofty patriotism, and written, doubt -1 less, in a spirit of the most trust-worthy can r dor and concession, is. in all humility, concei f ved to contain misconceptions greatly at vari ence with that sound decision which the prac- 1 tical intelligence of the country has passed 1 upon the measures of the Federal Govern i ment. In reviewing the opinions of the wri f ter, it is not intended to airaisn either his mo. , tives or his ability. To sustain the former, he offers a life of unblotted surface, a course ’ of action of unswerving integrity. In sup- I port of the latter, a diversity of mental exer tions, as remarkable for vigor of conception, force of genius, and strength of reasoning, as distinguished for moral intripidity and an un flinching independence. These acknowled- 1 ged qualities, possessing an inflaence, as de : served as it is commanding, give weight and authority to the expression ot opinion, which, under different ci-cumstances, would be nei ther felt nor feared. It is for this reason that 1 some of the views of the writer are now pro posed to be examined. Before, however, en tering fully ution the subjict, I consider it ne cessary to settle some general principles, of primary use to the discussion, in part of which, there is a coincidence between the writer and myself. I lay down these propositions, the va lue of which will be found in the progress and throughout the whole structure of the argu ment: Every government must regulate its own currency. Each State, before the Con federacy, possessed this power. Each State parted with this right at the formation of the Federal Government. Is this true? Have the States, as separate States, the right to re gulate the currency ? If not, where does it reside? The answer must be in the Federal Government. Os this there can be no doubt ; but there isa doubt, and a serious one—wheth er it is not a specific and limited power?— Whether the Federal Government, iri taking this right from ths States, did not purposely and injudiciously deny themselves the most es sential ingredient necessary to the full control of the currency—l mean the use of pnper credit? Let us examine this question in a few and but few words, for the limits prescri bed to myself will not admit of an elaborate argument. The only clause in the Federal Constitution, on the subject of Currency, is this, “ Congress shall have power to coin money, regulate the value thereof, and of foreign coin, a d fix the standard of weights and measures.” Before I further proceed, let me premise that the Fe. deral Government (night to nave the regulation of the currency. Because, it is a coucotni. taut of commerce, and the regulation of com. merce had been given to that Government. For, it thirteen States, individually, could not regulate the commerce, thirteen States, indi vidually, could not regulate the currency of the country The individual States could no more regulate the currency than they could weights and measures, and it is seen this last was given to the Federal Governm< nt; Cur. rettcy is to commerce, as relates to value, what weights and measures are to quantity. It would have been impossible to separate them without rendering the right to regulate com merce wholly inefficient. The grant, then, to regulate the currency, was given in the words above quoted. Now, Aow y'ar it is given, is the vexed question which has'more than onco deeply agitated this country, and is perhaps the prime cause of our unspeakable sufferings. I myself believe the clause points to the regu lation of a metallic currency, and I blame tho □onvention for not taking's more enlarged power. While moulding the clause and re ceiving the power, (evidently the currency power, for the subject never again appears in I the Constitution) it was ae easy to have