Newspaper Page Text
signed, shall have declared such liability,
O pt as above provided lor.
Sec. 26, And be it further enacted, In, t
it shall be lawful for such assc.ciatins. t • pur
chase, hold, a:;d convey, real estiv t< r the
following purposes: ilrat is to say, s icli as
glut'! be necessary lor its immediate accommo*
chition in the couvewionl transaction ot its bu-
or such as shall be yrntgaged Io it in
good faith, byway ol security lor loans made
by or monies d’le to such association , 01 such
as shall be conveyed to it iu satisfaction of
th bts previously contracted m the course ol its
dealings j or such ns it snail purchase un<L i
judgements or mortgages held by such associ
ation*
Sue. 27. And be it farther enacted, Tim
upon the application of cn ditors or sh irehol
dersofany such association, whose d; b;s or
shares shall amount to live thousand dollars,
and stating'facts verified by affidavit, or if al
nny time, die said Comptroller and Commis
sioners shall deem it necessary, either from
facts resting wi;hin their own k lowledge, or
from ii.l’min-ition supported by oath, upon the
ot such Comptroller and Comrnis
sinners, the Judge of the Superior Court of the
district in which any such associa'ion shall
bo located, or be don g business, who shall in
the exercise of chancery jurisdiction in chain
bers, upon a proper, case made, order it strict
examination to be in ide* by either ot tile s.iio ;
Cmnmissitit'.ers, or a y otl»< r tit im<! proper i
person, of all the affairs of such associatio tor j
the purpose of ascertaining th ; safety of its -
investments and the prudence ot its manage- )
:nent, and th;: result of every such examina-1
lion, together with the opinio.i cfsucli exam-1
iner and such judge thereon, shall be published j
in such manner as the s >id judge shall direct,
nod shall make such order in respect to the
experses of such examination and publication,
as the principles of justice shall require.
Sac. 23. And be it further enacted, That
all mortgages executed under this act, shall be
recorded in the manner and urn • now required
by law in relation to other mortgages, and it
upon real estate, shall also be recorded in the
county where the mortgagee resides; and it
not so recorded, it shall not be received as se
curity, and shall be null and void.
Sec. 29, And be it further enacted, That
every such association shall, on the first Mon
days in April and October, in every year, al
ter having commenced the business ot Bank
ing, as prescribed by this act, make out and
♦r i.isunt to the Comptroller ami Cotnmission
•ers, in the form to be prescribed by them, a
full statement of the affairs ot the association,
veiified by the oath of the President and Cash
icr, which statement shall contain,
Ist, The amoannt of capital stock paid in
according to the provisions of this act, or se
cured to be paid.
2d. The value of the real estate of the asso
ciation, specifying what portion is occupied by
the association as necessary fur the transaction
of its business.
3d, The shares of stock held by such asso
*ciation,j whether absolutely, or as colltitter
■security, specifying each kind and description
of stock, and the number and value of shares
Os each.
4th, The amount of debts due to the asso.
elation,specifying such as are duo from mo
nied or other corporations or associations, and
nl to specifying the amount secured by bonds
aid mortgages br judgements, und the amount
which ought to be included in the compula
tion of losses.
s:h, The amount of debts due by such as
"Soctatioo, specifying such as tire payable on
demand, and such as are due to monied, or
Mlfcw corporations or associations.
- wjju'Tlie amount ofclaiuidJjXiiiust the aaso
"7th, 'I he amount ol notes, bills, or other ev
idences of debt issued.by such association.
Bth, The amount ot the losses of such as
sociation specifying whether charged on its
capital or profits since its last proceeding state,
meat, and of its dividends declared and made
during the same period.
9th, The average amount in each moth du
ring the proceeding six months, of ike debts du
to aud from the association, the average
amount of specie, and designating how much
gold, and how much silver possessed by the
same during each month, and the amount of
bills and notes issued by such association and
put in circulation as money, and outstanding
against the assoriation on the first day of each
of the proceeding six inontus.
10th, The average amount in each month
during the preceding six mouths due to the
association from all the shareholders in the
association ; also; the greatest amount due to
the association in each of the preceding six
months from all the shareaoldersiu iu such
association. >
11th. The amount which the capital of
said association has been increased duri g th
preceding six months if there shall have been
any increase of said capital, and the nam :s of
'any persons who may have become parties
to the said articles of association, or may have
withdrawn therefrom since the last report ;
"it Shall be the duty of the Comptroller and
’Commissioners to consolidate the several
spring reports so required to be made bv this
’section, and to cause them to be published in
a newspaper printed in the county where the
place of business of such association is situa.
ated if there be one, and in one or more papers
punted at the seat of government; aud the
October reports to be transmitted to his excel
lency, the Governor, to be laid before the Gen
eral Assembly ; the expense of such publica
tion tube paid by such association.
Sec. 30. And be it further enacted, That if
any such association, shall neglect to make
out_ilJ I< V*~ t * T the statement required in the
for fifteen days beyond
the period when the same is required to be
made, or shall violate any of th provisions of
this act, such association may be pnicei ded
against aud dissolved by the Court, in the
same manner as any monied corporation ma
be proceeded agai ist a id dissolved.
Sec. 31. And be it further enacted, That if
any portion of the original capital of a >y such
association shall be withdrawn for any purpose
whatever, whilst any debts ofthe association
remain unsatisfied, no dividends or profits Ou
the shares of the capital stock of lhe ass'cia
lion shall thereafter be mad- until the deficit
of capital shall have been made good, either
by subscription of the shareholder:-, or out ot
the subsequently accruing profits ofthe asso
ciation ; and if it shall appear that any such
dividends had been made, it shall be the du y
ofthe Comptroller and Commissioners to take
the necessary measures by injunction or oth
erwise, for closing the affairs of the associa
tion and distributing its property and effects
among its creditors.
Sec. 32. And be it further enae'ed, That
such association shall bo liable to pay tn ■. hoi
der of every bill or note put in circulation is
money, the payment of which shall h ive been
demanded and refused, damage, for no.) pay
ment thereof, ip. lieu of interests at and alter
the rate of 18 per cent, per annum fiom the
time of such refusal until the paymeut of-such
bill or note, and tho damages thereon.
Sac. 33. And be it further enacted. That
in ail settlements between the chartered b i ,ks
and the associations, co itmnplatcd by this act,
said chartered banks, shall receive in payment
their own bill and bills of their branches.
Bhsc. 31. And be it further enacted, Tua
the President aud Cashier of eveiy such asso-
ci I'ion, formed pursuant to the provisions of •
his act, shall at all times keep a trim ami cor- t
red list of the num -s of the shareholders ol I
such association, ami shall li.u a copy of »uc!i |
list in 11 office ot’the clerk of ill' .Superior]
Court of the eoim’.y where n y office of such i
association may !>.■ located, ami also in th.: of- |
fire oflhe Comntr. Her, on th.' first Mondays
i.i April ami October i 1 every year.
Sac. 35. And bc it further enacted, That it
shall not be lawful for nny association termed
in lertlie provisions ofiliis act, to mike any
of it. bills or net 's, of a denomination less
tin ■, $1,090, to be put in circulation as money,
p .yable at any other place than at the office
where the Imsi.iess of the association is car
i rie i o i a id co iducte I.
Sec- 36. And be it further enacted, That o
association of persons auth >rized to carry <>n
the business ofba ikitig u ;der this act, sh ill,
at ai;\ time for th.' space <>l’3o days. have o
hand at th ir place of business less than 25
per cent, in specie on the amount of the bills
or notes ia circulation as money.
Sec. 37. And be it further enacted, That the
Commissioners co itempl.iteiFny this act. shall
he elected bv joint ballot of both branches of
lhe Ge :eral Assembly, during ths present ses
sion, and at every subsequent session thereat
ter, and sh ill be subj ct to be removed in th.'
n inner pointed ot!l by ihe Constitution ; said
Commissioners shall be coinmissiotieil by lib;
I G .ver or. ami shall together with tit: tl p
■ troller. tak : an oath tor me tailhlul dheharg ■
I of lhe duties required by this act, and sh ill re
ceivc $1 per day fir each day they shall be
actually engaged i.i their duties, to be rateably
•paid bv such association, i.i the m inner liere-
I i latter pointed out by this act for the pay.
I meat of expense.
Sue. 38. And be it fudher enact’d, That
noil her the Comr troller or Commissioners,
shall be authorised to hold stock in any of the
said banks, a id should they violate th a provis
i >ns of this section, they sh ill forfeit their of
fice ami ’appointment and the amounl-piid iu
, hv said Commissioners ami Comptroller, sh ill
accrue to and become the property of lhe
. State.
Sec. 39. And be it farther enacted,That
any transfers or disposition, by lhe Comptroll
er or Commissioners, or by either of them of
any public debt alluded in the 2nd sec. of this
act, orany transfer or disposition of bonds or
mortgages for any purpose, other than is pro.
vidcd for i i this act, such transfer or disposi
‘ lion saall be null and void.
Sec. 49. And be it further enacted. That
1 no association of persons Under this act, shall
’ be formed anc established for a longer period
than 20 yeais : Provided, That ut the expira
tion of the time limited by this section it shall
1 be in the power of any association to re-cog
’ nize under the provisions oft his ac ,if then of
force,’or under any other law which a future
Legislature may adopt on the same sub
iect.
i J
Hotv to gain a Sait.— ’Tis not every
lawyer that can gain his suit, even with a
show of argument on his side. The fol
lowing case therefore may be considered
the more extraordinary, where there was
not the slightest cause of action. A few
days since a black fellow came running in
breathless haste to the dwelling of a Gro
cer, whose store is in Pratt-street, stating
that in removing a hogshead j>f molasses
at the store, it had berated and covered
Mr. from head to foot ; and that lie
had been sent as fast as he cou.’d run to
bring him another suit, ofclothes before he
could move out of his tracks. The kind
lady of the grocer did not wish to see fie.”
husband so entirely “ buried in sweets,”
and with becoming haste delivered to the
.supposed messenger, a new suit through
out, with which the rogue decamped,
pleased that his own villainy had furnished
him with a valid excuse for disappearing
in a hurry.—2Y. K Transcript.
Small business.— We see it stated in the
Ilartfort papers that one of the editors in
that city lias commenced a suit -against
a widow lady tor breach of marriage
promise, laying his damages, at thirty
thousand dollars ! Wlnew !b it they must
have “widders” in in “them parts.” We
shall take a jaunt there, before long, our
selves.—Baltimore Sun.
Power of the Press.— lt is asserted as
a part of the power of one of the mam
moth sheets in New-Orleans, that a ferry
man attempting to read it in his boat, and’
a gale of wind arising he was driven
across the river with such violence as to
drive his craft high and dry.— Baltimore
Sun,
Quicker than magic.—\n the presence
of 76 persons a parcel of rags were re
centy taken, made in paper dried, and
printed on, in five minutes! When this
celerity becomes universal, loafers must
dodge paper mills, or their ragged vest
ments will be whipped off, and tucked un
der their noses in the shape of a handbill,
advertising vagrants before they know
it.— N. y. Times.
Application is to be made to the Legis
lature of New Jersey, at its next session,
for the incorporation of a company with
a capita! of $200,000, for the cultifre of
mulberry trees, and the manufacture of
silk.
Christmas.— -The French celebrated it
by splendid spectacles and parades—the
Italians by singing, the Scotch by going to
Church, the Spaniards by bull-fights, the
Russians by getting drunk, the English by
eating. The character of each Christian
people of Europe distinctly exhibits itself
m tluiir different modes of observance of
the day which they all regard as the most
important that ever dawned upon the
world. It appears that the Yankee genius
is making developemetits equally charac
teristic. We see a notice of a fat hog. put
upon Christmas day somewhere tn New
England, to be guessed for, at 12 1-2 cents
a chance, the “talented individual” who
comes nearest to his weight, to be rewar
ded with the animal.— Columbia Telis
cope.
John Wilkes was once asked by a Ro
man Catholic gentleman, in a warm dis
pute, upon “ Where was your religion be
fore Luther?”
“ Did you wash your face this morning?”
inquired the facetious alderman.
“ 1 did sir.”
“Then pray where was your face be
fore it was washed.”
Home.— There is something inexpressi
bly touching in the story of Ishmael; the
youth was sent into the wilderness of life
with his bow and his arrow, “his hand
against every man, and every man’s hand
against him.” Even in our crowded, bu
sy, and social world, on how many is this
doom pronounced ? What love makes
allowances like li msehold love ? God for
give those who tiii u the household altar
mto a place of strife ! 1) miestie dissen
tion is the sacrilege of the heart.— Pearl.
So i V si.
From the B dtimore American.
W.tsnitmroy, Dec. 26, IS3B.
Si'..\ ATE.
Th ' Bill for graduating the price ofth Pub
lie Linds was called up, frit in consequence
of the absence ofs.-v.'r.il S 'liatbrs, was itiilhi r
postponed to Moud.iy next.
Some petitions ivf. rimg to miscellanentts
business were received, bit none of tmpor
A long but itni'.t ■’■esiieg discussion arose up.
on the propriety of relmqmshi.ig the two per
■cent, fil'd to Alab.cn.!, which b dongs toiler,
as is evident, by a contract on the p .rt of the
General Govurnimn t.
n juse.
As soon ns th • Journal of Saturday’s pro
ceedings was read, Mr. H ivnes ul Georgia,
moved tin: su.-pe siou of ih - rub's lor th : ob
ject of going into Cominitiee oi the v, hole i..c
the •’nrouui: of refm ri .g <li if .Tent portio. s <>*
the Presid ,nt's’M .g ■ to dm d>lf rent Stan
ding Committees ol the House. 1 hi: rules of ]
the House were suspe <b d a vote ot twolhirds
being obtained —.-yes 1 12. imcs 26.
'fhe House then w. ;t i. lo Committee;’ th?
Whole o:i the State of ihe U-uom lhe Sp.mk
crcalleed Mr. A.l.tms io the Ch .ir.
Mr. Havtu-s, of Georgia, nmvs.d a n solmioi)
referring dilf. re .1 poriimis ol tae Message
to the different C.mimiites.
Mr. Bell, after the resolution was read, com.
plained of the m.i.mer i i w hich this resolution
had been brought forward.
Mr. Haynes, ot' Georgia, though! it singular
enough that any one shouid be ta'ion by sur
prise, but he could nvl cons.mt that ihe subject
should not now be co. sidered.
Mr. Beil then cutnmenced a speech, unpre
pared as he was, ex immi g at some length the
merits of the message, taking up its various
points, ami discussing them with ability.
Mr. Prentiss followed Mr. Bell, telling th"
House that he was anxious tosp. ak upon this
question, and would give lhe House lhe plan
of the remarks he intended to present. He
spoke brii fly of this plan whic t is to examine
the important acls of the administration, and
to prove that if the Executive and Executive
departments had chosen, they might have pre
vented the defalcations.
To morrow Mr. Prentiss promises to corn!
mn the friends of the Adminishation out ot
their own mouths, to convince them of the
iniquity ot his prim iples ike. He says he
will convince my man who will meet him, &
challenges a coiibalnat in the discussion.
Mr. Prentiss concluded for to-day, after lay.
ing down the preliminaries of his remarks.
The committee rose nod the House adjourn
ed.
Washington, Dec. 27, 1838.
SENATE. %
■ No business of impout:lri(!e was transacted
in the Senate Chamber to day Most of the
time was consumed in a long discussion upon
the two per cent fund belonging to the State
of Alabama, The Alabama Senators, M*
Crittenden of Kentucky. Mr. Niles, and sever
al others took part. The Bill was passed.
HOUSE.
'l'he House resumed, in committee of -the
JVhole the consideration of the support b;-
fore ti'.C rn l usf fdgl't, viz: the reference of the
President’s Message.
xMr. Prentiiss resi.C I*’'' 1 *’'' and cot.-
tended that the President ~r b'mied States
and the Secretary of the TreiW"’/ w c'c im
plicated in the frauds which h ive »een
exposed, and which were no w to be pwits,. 1 '"
only because they ha'been lomid mil. there
was no excuse fur the frauds which had been
committed but the plea of uof: coieuos o.i the
part pf the perpeiraters.
Mr. Prentiss thought the selecting (>r ap
pointing powi-r was respoi sible for the deta,
i-specially tespon.-ible for tin; running
iwuy of the two defaulters who have made
their escape from New York. He thought the
President's selection «f cue of tile greater
defaulters tin-re, as but the ruso ofthe bear,
which when puisued by the hunters drops one
of her cubs, to save the rest by checking the
pursuant, Mr. P.entiss said he should not slop
by the way side, but go to the lion’s den, and
drag foi th the old she bear herself. The cubs
that had escaped were less to be looked after
than the mathc rof the cubs.
Mr. Prentiss s -oke until halfpast 3 o’clock.
He discussed several matters besides detalca
lions connected with-our public policy—such
as facts connected with the interference of
Government office holders in Elections, the
the (lunger to our free institutions growing out
of such interference, &c.
W ashloglon, Dec. 28, 1838.
SENATE.
After the disposal of some unimportant re
ports from Committees,
Mr. Ruggles otibred a resolution, instruct
mg the Committee on /Military Affairs to in
quire into the expediency of establishing Forts
on the Maine Frontier, and to enquire whether
th.- States hive a right, to protection from en
croachments on their Territory.
A number ot' Bills passed yesterday, were
sent to the. Hous -for concurrence, after which
the Senate adjourned to Monday next.
HOUSE.
After the Journal hail been rear’, Mr. V, ise
moved the priming ot 20,000 extra copies
each, of three documents relating to the de
falcation of public officers.
Messrs. Crary, Boon and others opposed
the motion, on lhe ground that it would be a
useless extravagance of the public money.
Mr. Legare expressed his astonishment that
any opposition should be made to the motion to
print the extra copies.
After some brief remarks from Mr, Boon,
without taking the question, the House ad.
journed.
Washington, Dec. 29, 1838.
HOUSE.
After an i less ctu il attempt to take up the
unfinished business of yesterday relative to the
printing <>f certain documents,
A great t'Utnburof S nate Bills were taken
up, read twice and referred to appropriate
committees.
Oi mmimi of Mr. Cambreleng, the Senate
bill for pmupming the payment ofthe fourth
instaliimnt of lhe surplus revenue to lhe Stains,
was, after !)• ing read twice, postponed till
Monday week.
A coiiim.i '.ie.iti m was received from the
Secretary of tlm l'ieasury, in answer to a re
solution of th: fl NS.', relative t > a more equal
distribulio i of the public lands among the
States. After s mie debate, it was referred to
a select committee, to consist of one membei
frmn each Slate.
Sever..l in mibers ihen aliii I 'il to lhe unpre
cedented delay ol private business at the pre
sent snsst >i- i’ll 'V urge I the H >uso to con
sider tll.il huureds jf poor claim mis were
eb e. u t H e tr« k i g ♦
wailing from week to week in the greatest
a xi "y 1 >r the sm.'.i) pittance due, while the
lime w<>.s Liken up in the discussion of matters
i.f no possible benefit to the country.
Af'cr son: ■ debate of a desultory character,
lhe calemla" of p ivate bills was tiikcu up, and
the leiin i ,der ol the. day c.i.isumed i.i a dis-
Biissioi) thereon.
Th.' House then adjourned to Monday.
Washington, Dec. 31, 1838.
HOUSE.
Mr. I’.iytie, ot Georgia, moved that th it
body irsolve itself into committee of lim
whole, and t ike up his resolution, referrmg
ihe Presidents message to the usual standing
committees.
< >bj 'cti'i i being niade on various sales, Mr.
II it ue withdrew Ins motion.
Mr. Wis - ollftftid a resolution, calling for a
select conirnut 'e, w ith power to send for per
sons and papers, to inquire it there be not suf
tH.Geiit i'c;is »:is in pxishj ico to justliy the ill)-
peachin mt ol' Levi Woodbury, Secretary of
lhe U.iiti <1 States Treasury.
Mr. Cushman objected, and the resolutio;i
was laid on ihe- table for one day under the
Hile.
1 h re w is a great number ol other resolti
tim s oii’ red.
A resoiniion was offered by one of the N.
York members, calling on the Secretary of the
Treasury for iiit’;rai.fuo:i to the amount of
money du.; from th i Di ]> >si'< Banks the time
u h ■ . am! ihe p.irtic.il irs i i ridation ther. to.
A I’er residtii io is were nii’ r.'d irma all th?
Stases a id Tmt'ifories, the House atj lurned
N ithi.ig of tmp'irtanc.i in lh 'S.:n:tc.
* k Wusln igton, Jm. 2, 1839.
HOUSE.
?vlr. .'dam., moved th it the fotrfii il be cor
reeie i, s > as tn enter thereon the request made
by him o i Mmid.iv, tu take up and consider
h;s resolutions calling tip i.i th.: President of
the United States for certain information in
rel itio i to (he c nitroversy b tween on; - Minis
ter to E iglaud and D.mid O’Connell.
The motion of Mr. A. was rejected—aves
*O, mi s 87.
O i motion of Mr. Haynes, the House then
went into committee on the President’s annu
al message, Mr. Adams iii the Chair.
’ Tile House adjourned.
Washing! m, Jan. 2, 1839.
SENATE.
Li tho S nate to-day. the bill to relinquish
to the State of. Mississippi the two per cent,
fund accruing to her on her admission into lhe
Union, was read a*third time and passed. The
bill to graduate and reduce the price of the
public lauds up as the special order,
when Mr. Cl;/ lt h tq^ (;11 t llc ky offered a resolu.
tion to refer the am on the
Public Land.j? th a t com-
mittee so to V ..ygt riet.*its benefits
to actual lM.d jje!i-,
sued, ia whic^ e co \| ■#W^w i f KenfuclSJ
Ulay Rati
rick port iegjfct t lo * - J 4 2 ~
lore the y^re solution.
to cor
m the
to e .Jb
The? non. fl™ hit*’, Senator i rom
'la nuessoe, appf Ma nd took his seat.
Mr. Rives.off-red u resolution, calling upon
the Secretasy'uf War ta furnish the Senate
the pa'tirutars of the transactions, if any. be
tween lus Department and the U. S. Bank.
The 1:111 for the “’’d gr-iJn-uio-? of
lhe price of the public lauds was then taken
U P',
The question pending on the amendment of- |
sered yesterday by Mr. Clay, viz. to recom- i
mit the bill to the committee on Public Lands, I
with instruct ions tw restrict the sales at the re- |
duerd price contemplated bv it, to actual set. |
llors.
Ati. r a lung d’-bate, of no interest, ihe ques-
tion was taken on the amendment, and agreed
to —veas 20, nays 17. So the bill was recom
mitted.
The Senate then adjourned.
HOUSE.
Mr. Adams from tre,- committee on Manti
factures, to wti.un had been referred the Sen
ate bill for the relief of certain Rail Road
companies, i i being allowed to import rail
road iron free of duty,reported the same with
out amendment. It was referred to a com
mittee of the whole.
TEXAS.
O.i motion of Mr. Johnson of La. a resolu
tion was adopted requesting the President to
transmit to th House any information he may
have received, relative to the invasion of th
Southwestern frontier ofthe United States, by
the Republic of Texas.
VVISCONSIN ELECTION.
Tho report of the committee on Elect ions
on thesubjec* of the disputed election case,
between Messrs. Jones and Doty, was then ta
ken upon me special order of the day.
The question pending was i±i agreeing with
the report of the committee and the accompa
nving resolution. The report denies the right
of .Mr. Jones to retain his seat for tho present
session, and maintains that Mr. Doty is legal
ly entitled to the same.
After a tedio.is debate, the question was ta
ken on agreeing with the resolution of the
committee, and it was adopted—yeas 165.
tiavs 25. Mr. Doty then took the usual oath
as a member of the House. Tho House then
adjiuriied.
Two Scottish clergymen, who were not
so long-headed as they themselves imag
ined, met one day at the turning of a street,
and ran their heads together unawares.
The shock was rather stunning to one of
them. He pulled off his hat, and laying
his hand on his forehead, said, “ sic a blow!
my head’s a’ ringing again.” “Nae won
der,” said his companion, “your head was
aye boss, that makes it ring; my head dis
na ring a bit.” “ How could it ring.” says
the other, “seeing it is crackit ? Crack
it vessels never ring.” Each described
the other to a T.
Jewish Marriage Dicorce.— The Jew
ish process of divorce is short, and unat
tended with expense. Each party enters
the synagogue, attended by two priests,
where after stating the cause ofdifference,
the woman is asked if she is willing to part
with her husband, ami on answering in the
affirmative, he throws at her the bill of di
vorcement, and spitting in each other’s
face, and exclaiming. “ cursed be they
who shall wish to bring us together.”—
N. T. Star.
A. Wit.— A man that has once got his
character up for a wit is always sure of a
laugh, say what be may. lie may utter as
much nonsense as he pleases, and all will
pass current. No one stops to question
the coin of a rich man; beta poor devil
cannot pass off either a joke ora guinea,
without its being examined on both sides.
Wit and coin are always doubted with a
threa (bare coat.
-SoutHrvu SSHUjj.
Athens, -a. Saturday, January J 2, 1839.
To our S’atroass.
The undersigned having assumed the man
agement of the Whio, it is perhaps necessary,
in compliance with tho usages of the country,
that he should give a brief indication of the
course he intends to pursue.
The polities of the Whig will undergo no
change: believing that the Virginia and Ken.
tucky Resolutions of 1778 and ’79 contain a
correct exposition of the rights of the Slates,
at d of the relative powers of the General and
State Governments, he will adopt them as
the polar star, which he should never loose sight
of; and the Constitution as the chart io direct
him ir. his political course.
He wdl advocate the liberal system of In
ternal Improvements now in progress ; Gen
eral Education; improvement in Agriculture;
Direct Importation ; and all other subjects
calculated to promote the prosperity of his
adopted State.
Particular attention will be paid to fur
nishing a variety of interesting Miscellaneous
Mailer; Foreign and Domestic News ; Election
Reports of the principal Markets at
home and abroad ; and to render the Ladies’
Department worthy of their approbation, with
out which, it were useless to proceed.
Aware of the peculiar difficulties attending
the management of a public journal, and the
responsibility which it imposes, it is not without
feelings of ditfi lotice that he commences the
undertaking—but, although he may not effect
much by his own effirts, yet, with the assis
tance from others which he hopes to obtain, he
ilal ters himeelf that the Whio will serve as an
efficient support to lhe principles which it advo
cates, and the general interests of" the South.
Benjamin P. Poore.
A IVbrd to Subscribers. In purchasing the
Whig, we bought the debts due the establish
ment, which have been accumulating from its
first establishment, and have thus assumed
heavy responsibilities, to meet which we solicit
those indebted to it to transmit us, by mail or
otherwise, the amounts respectively due.
Georgia .Rail Hoad ami Ranlting Co.
We are safe, we believe, in saying, that nu
merous as banking institutions for the purpose
of constructing public works have become,
there are none in a higher state of actual pros
perity than the Geo. R. R. &r, Banking Co.
The Report of the situation of this Company
published in another column, as made to the
Governor, will, we think, bear us out fully in
the above remark, and we take pleasure in
drawing the attention of the public to the ex
traordinary talent and industry which have
characterized the present officers, and thus
produced this favorable result. The various
advantages granted by the charter seem in
their hands to have received a full development,
whilst the stock has thereby become a sure
source of profit to its holders, and the comple
tion of the importaijjpublic improvements, con
templated by its Charter, has been effectually
secured to the public.
Fires.
The offi es ofthe Family Visitor and the
Advertiser, at Wetumpka, Ala , together with
several adjacent buildings, were, with their
contents, consumed on. the night of th? 27th
Dec. Loss estimated at -SIB,OOO.
A destructive fire also happened in Richmond
Va., <an the same night, which destroyed the
Eagle hotel, and three brick houses adjoining,
Loss estimated at $16,009 —Insurance $53,000.
Texas.
A direct trade has been commenced between
Texas and Europe. A vessel from England
now on her way to Galveston, will take a load
of cotton from that place on her return voyage.
B. F. Bee has been appointed Secretary of State
and Gen. Johnson Secretary cf War.
Resolutions have passed both branches of
the Legislature of North Carolina, against the
Sub-Treasury, and instructing their Senators
in Congress to vote against the bill.
Mobile papers of Dec. 27th, state that the
Northern Mail which left that citv on the 19th
must have been robbed, as bonds mailed on that
day had been offered at the bank for collection.
The man who offered them, together with sev
eral others, supposed to have been implicated,
had been arrested.
The Legislature of Ohio, have elected Ben
j .min Tappan a Senator in Congress lor six
years from the fourth of March next. The
vote was, for Tappan [V. B-] 57, for Ewing
[Whig] 50.
Gen. Gratiot, Chief of tne Engineer Depart
ment, has been dismissed from office by the
President, for alleged defalcations, and Gen.
Totten appointed in his place.
I. L. Harris and Charles D. Hammond, were
elected by joint ballot of the two houses of the
Legislature; Commissioners under the General
Banking Law, passed at the recent session,
which will be found in our columns to day.
It is stated that Col. R. M. Johnson will not
be a candidate for re-election as Vice-Pres
ident.
FOR THE WHIG.
THE T II E A T R E .
The tragic dome—the attic hall—
The open, fair, broad Drama’s wall—
Within whose shrine is often sung,
The strains which blithe melody tlun-g,
From the pure riches ofthe soul,
Along the canopy that roll,
To beauty’s name, to worth, to art,
That call the homage ofthe heart.—
How oft in cherished splendour there.
Broods oer the scene of thought so rare,
The Genius of Hesperian mirth,
Temper’d with Wisdom's gravest worth !
The man of Patriot fire and soul
Finds in the Muse, Histrionic, told.
The varied cares that crown’d his name,
With choicest gems of partial fame.
With art to case the cares of all
- That press upon each mortal fall,
The Drama culls the scatter’d prize
Os true content—and bids it rise—
And oft like Heaven in Zephyres come,
To greet man in his natal home,
While wreaths of joy and gay emblems
Around circle their cheerful gems,
And bright like sunbeams ’mid the night
Dazzle the scene with mirror’d light!
OBERLIN.
Communicated.
In a country village not above fifty miles to
the westward, a young Student while standing
in a grocery, hailed a small negro boy with :
“ Boy, do yon think I resemble Col. T 1”
“ No sir, not, ia dat grocerey.
THE TRUE CAUSE OF DEFALCA-
TION.
Mr. Van Buren, and most of his supporters,
ascribe the late numerous defalcations tothe
fact, that the Banks have been the depositories
of (ho public money • lathis, these gentle
men exhibit even mon: than their wonted
di.“engenu<msness, and (hey have net so much
as the semblance of a.i arguinent to sustain
their poi ition. For conceding, that tho B ink
Deposite system has been i \ full operation
throughout lhe period when the defalcations
were committed, it is yet to bo shown that the
money was stolen by the Banks, and not hv
the office holders. If the Banks purloined th“
public funds, then .Mr. Van Buren’s position
is maintained, and the Ba. ks are unworthy
of the public <; ice. But u i fortunately
tor the argument and the popularity of the
reigi i ig-powers, every instance of peculation
that has occurred within lhe last 18 mouths,
has been perpetrated by some, trusted agent
of the Executive—some one whom the Presi
dent has again and again end.;iso las a man
of integrity and good demeanor, and who has
occupied a promtne; t position among the
great men of the party.
We ha veal ways believed that tho Banks
i were safe depositories of the public money
I than individuals ; but. we have not. regarded
the difference as very grant, nor have we at
tached to it. a high importance. N"ither have
we imputed the late starting defalcations ex.
clusively to the operation of the Sub-Treasury,
nor consideic.l them as a necessary result of
that system. They arc referable to causes in
dependent of, and n.ieht occur under, the op
eration of any system. We have concaive'K
and so expressed ourselves on more than one
occasion, that they had their origin in the
mode and character of appointments to office
and in the protection afforded by the Execu.
tive to <iil his subordinates f>r all their trans
j gressions. If m n without character—inoth
er words, if rogues are appointed to receive
j and disburse the public money, they will steal
j it, no matter what penal laws may be enacted,
!or what system maybe in operation. There
j are some men through whose hands money
j cannot pass without sticking. It is a part of
their nature to contemn the laws of metim and
tuuin, to appropriate to themselves whatever
comes within their reach. Gen. Jackson and
Mr. Van Buren appear to have been singu
larly felicitous in finding out that class of in
dividuals thus happily eudowid, and to have
bean eager to elevate them testations where
they could have ample opportunities for exer
cismg their talents, and gratifying their pre
dominant propensities. But they were not
/ merely content with terretting out these light
; fingered gentry, and placing them in positions
I advantageous for the successful pr secution
of their trade—but they ceriified to their go»d
character, and Genera! Jackson undertook to
screen them f rom the prying eye ol Conitress.
and to protect them in all their sins of omis
sion and commission.
The Secretary of ihe Treasury, too, respon
sive to tho wishes of his m ister, connived at
the peculations of his underlings, and if he did
not participate in them, was criminally negli
gent in not resul ting to means to arrest them.
Official d moments from his own department,
laid before ’Congress, demonstrate that he was
cognizant, for t welve and eighteen months, and
two years, of numerous defalcations—that ho
still c >ntinued the defaulters in office, with
fill! liberty to depredate mere largely than ev
ei‘ the public,
Wi guarantee, that the history of the wo;* 1 ’
may be ransacked, and no where can b.r found
a ham! of thieves, who have had so many op
portunities for plunder, upon an enlarged and
magnificent scale, and who have enjoyed so
many immunities and privilege®, as the pilfer
ing horde which .General Jackson and his suc
cessor have quart'red upon the public Trees
ury, and entrusted with the custody of the pub
lic money. They were the great monos their
day, free to indulge the depraved propensities
of their nature, with none t > molest them or
make them afraid. Rogues, through all time
to come, will look back upon General J ickso i’s
administration as the luckiest era their craft
ever knew—and curse St. Nicholas and un
towered fate, that their lot had not been cast id
that happy day and generation.
Mr. Van Buren and his men need not strain
their wits, or puzzle their bri.s, to ascertain
« cause for the embezzlement of the public
money, when that cause is as plain as the nose
in a man’s face. They need not wander
abroad to find it in this or that system of Fi
nance—it is at the threshold, mid cannot es
cape their observation. It is neither more,
nor less than the appointment of rogues to re
ceive and keep the public money, with the.
privilege of appropriate g it to themselves,
without the fear of detection or punishment,—
This is the true cause of the defalcations, and
it is an adequate mid sufficient one, without
the aid of any other. —Richmond Whig.
A LOCO FOCO PRINCE.
I The furniture of Win. M. Price, the
j runaway District Attorney of New York
I was sold a few days ago, for the benefit.
I not of the Government, but of some of
' his other creditors, to whom it had been
j conveyed, we presume, as soon as this
Sub-Treasury with legs had determined
to walk off with the “spoils” of his office.
■ It is said to have been splendid enough for
I a Prince, instead of a Democrat of the
, Loco Foco school, who pi cached tip“cqul
! ity” at Tammany Hall, but lived like an
aristocratical “ exclusive” at home! Impe
rial carpets, magnificent mirrors, costly
rose-wood tables, couches, sofas and
chairs of the most beautiful construction
and material, divans and ottomans, chan
deliers, candelabres and girandoles, which
I almost outshine the sun. splendid glass
| and plate, and innumerable, other et ceter-
■ as, constitute a brilliant catalogue, almost
| rivaling the luxurious magnificence, ofthe
! East Room, by which the Democratic eyes
ofthe Missouri Senator were once so
much offended.
The New Y’oik Express describes a ca
pital caricature, representing the meeting
of Swartwout and Price in England.—
Swart wont has a bag of $1,500,009, and
Price of $1,200,000; and the former, etn
bracing the latter, greets him in these
words:
“ Welcome, thou pearl of wondrous Price,
“The Oracle ol’Taiuinany Hall;
“I hope you’ve got a handsome slice,
“ Since I’ve in motion set the ball.”
Auction Side of Mortis Multicaulis.— The
trees of this invaluable species of Mulberry
commanded higher prices at the auction '.ale
made by Win. IL Franklin yesteiday. than al
any previous one. They were of moder to
size, and lhe larger p irtio i were quite small.
The lowest price was 57 I 2 cents, and the
b'ghcst seventy cents, being from twei.ty fivc
to thirty cents per foot. Nearly the whole
were taken by one purchaser, thereby causing
much disappointment.— N. Y. Evening Star.
New- ybBK, Dec. 31.
Later from Europe.— No less than five pick,
et ships arrived yesterday morning, having
been reported below,' he evening before. We
received our London and-Liverpool papers in
great quantities by these arrivals, and files
from both cities of the latest dates ( by Colum.
bus, Capt. Cropper, who left Liverpool on the
20th ultimo, 'i'he news by this arrival is not
of much political importance. The items of
must interest will however, be found below.
The Royal William, British steam packet,
was to leave for New-York mi the 15th of
this month.
B.isincss in most of lhe manufacturing dis
tricts was brisk, and goods gradually advan
cing in price.
1 MPROVED STATE OF TRADE — Great export
of goods to America.— The shipments of man
ut’actured goods to the United States, are,
the seasons of the year considered, very ex
tensive. The new packet ships get nearly
full cargoes, lhe Sheridan which sailed on
Wed issday, having had upwards of £I6OO
fr< ight on board. The Columbus, which sail
ed yesterd iv morning, had a full cargo of man.
uf.ictiire .1 goods; and the packet ships George
Washi. gti'.i and th" United States will, it is
expected, be quite full also.
Liverpool, Nov. 19.
We have again to report another week of
animation in our Cotton market. The in
erased demand for goods, together with the
improvement in Yarns at Manchester having
given confidence to lhe trade in their pureha.
ses, and of 46310 bales reported as sold the
week ending the 12ih inst. 36360 bales were
to the trad;, the remainder chiefly on specula
tion, and the enquiry since continues on the
same extensive sc de. Our quotations how
ever. though looking up are without any de
cided advance, except in Brazils which have
altracted more attention owing to their com.
paralive low value. The export trade of the
United States has increased very much within
the last week or two actively engaged with
American orders.
Peters burgh, Oct. 27,-The Marquis of
Clanricarde, the new B. tish Ambassador has
arrived in the Cleopatra frigate. The new
winter palace is nearly finished; 11,000
workman are employed on it.— Ihe commis
sion which was sent at the beginning of the
year 1837 to Titles, the object of which wae
to draw up the scheme of a reform in the se
veral branches of the administration in the
Trans-Caucasian provinces, appears to have
terminated its labors. Baron von Hahn, the
president, and some other members of the
commission have lately arrived here from Tif
lis. 'l’he government has lately purchased in
England two iron steamboats, the liikerrnanif '
and the Newka. The first is intended to ply
between Constantinople and Odessa. It arri
ved at Odessa on the 9th of this month, having
performed the voyage in 38 days.
Milan, Oct. 26.—The Hereditary Grand
Duke of Russia, has been here in disguise for
some time, on a mission in connection with
some secret conspiracy, as it is supposed.
Constantinople, Ort. 17.—1 t appears by
the last letters received from Circassia, that
the disasters the Russian fl iel experienced du
ring the summer have been so great as to ob'ig j
ih I uni forces to suspend fur the present tha
war operations.
Cracow, Oct. 20th.—Three young Poles
have j.ist murdered a Russian spy, ugmed
Celak. They have all been arrested and are
to die. The murder is similar in its character
*•> that of Ko z bu i by Kant':
CuLog'-’''- cf ’ —Since tho disturban*
c s in our cii,’ on -■' p - 27tb, nothing has occur
red to excite’aa npprehe; of similar oc
currencies.
Hanover, Nov. I. \ change in the cabi
net here will shortly be made ; the prepara
tory measures ar proceeding in silence. The?
g meral assembly any they are determined to
make such changes in the Constitution as
thev deem necessary mid useful.
Berlin, Nov. 3 —M. Von Brnsler de St.
Simon has been appointed by his Majesty
Ambassador to Atliers, iu lhe room.of Count
Lust.
Venice, Oct. 29.—This place is full of
lu i, life, and a limution. Crowds of
b.-autiful English women are here, and soma
tew Americans.
Amsterdam, Nov. s.—Cotton manufac
tories are going to be established in the pro
vince of Zealand, on account ofthe Coaimer
cia! Company. These useful establishments
will afi’ird employment to many poor industri
ous persons who now fi id it difficult to obtain
a livelihood.
Trieste, Oct. 27.—The news from Greeca
is unfavorable. The country is overrun wibln
brigands, and there is no money in theTreasi
ury.
Pestu, Oct. 27.—1 lis now positively stir,
ted, that the Hugarian Diet will be convoked
to meet in April or May ; it is not so certain
that the coronation ofthe Empress as Queen
of Hungary will take place at ihe same time.
Copenhagen, Oct. 25.—Great excite
ment now prevails here in relation to the
Qaurantine laws, and a modification of them
i- shortly expected.
A Copenhagen journal, the Kjobcidtavcns*
post, ot ihe 24th u!t., publishes an article coo
tradiciing the report that Denmark had been
invited or contemplated to enter into an offen
sive and defensive alliance with Russia and
Sweeden. The riter thinks that the Dan
ish government was too well aware ofthe feel,
i gs of the people to harbor an instant tho
thought ol toiining so unpopular a leauge, and
adds, I hut tho nation was too enlightened to
hesitate, in the event of an European war of
ptiaciplcs. to unite itself ro the liberal parly.
Botaxy Bay, July 30 h._The chief fact
of importance they cammunicate is that of
the expenditure of lhe colony exhibiting an
increase over ihe revenue. It is stated that
the deficiency— 5.190 Z, must either be made
up Iw the local government drawing on the
treasury, or by a future curtailment of expen.
ses. ‘
NOTICE.
B R ? U m ! ? T > tO thc Jail of Clark County, on
the 29th ult., a negro man who says hi®
name is NATH AN, and that he belongs to Wm
Tutt of Augusta, Ga.
RICHARD E. BURKE, Jailor.
January 12—37—3 t.
Executors’sTsaicL
ON Friday the 22d day of February next
will be sold at the late residence of Samu
el Hester, late of Clark county, deceased a
quantity of corn, fodder, oats, wheat, horses
mules, cattle, hogs, sheep, waggons and gear’
household and kitchen furniture, and various’
other articles, belonging to the estate of said
deceased, and sold for tho purpose of a division.
Terms on the day.
THOMAS THOMPSON,
THOMAS G. HESTER,
ROBERT H. U. HESTER,
January 12 37—ids. Executors .