Daily chronicle & sentinel. (Augusta, Ga.) 1837-1876, June 23, 1840, Image 2

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Fellow citizens, I have ifated to you, sfiid I re- j peat the remark, that experience is t: e >#l test of truth. That 1 terns we have trie;l tni hare witneS'Cd their failure with our out eyes, we should have no confidence in. I witnessed the practical operation of the celebrated specie circular as it was called; which was an order from the Treasure D< partment un !cr the dnecitkn of the President of the Unit d State; that njifffng tut gp« ie thouid he rec< ive 1 in payment ol* the poWie lan s. To my certain know i<-dge it dill :• 1 hrin; one specie dollai hlocin ilatim amongf-h*;* The lands were paid for in speci-*, in thy reasury offi<c, an Iu» the rcceir er?, an 1 the ■th * ■ taken b>i< k into the Ban 1 s in ua<l ot goijig into t circulation, and tfce public creditors wl; had the Treasurer’s drafts upon the p*nta, tools the notes of l c I! in!.- in i n ference (0 specie, L'Cp n. ; c they were more conv®aient. Anj one ot t.aem could 11 il V c 1 1 « V ■lt''■ *» I*' K*. it **f *JI •(1 (I;o>*n t)*l ■ ' f.‘ 1 V C* 11 j but he preferred the notes. , 'PI,,. ,| 2 i- that were given upon the recciveis in the West, were negotiated with the Hanks, and tne Bank notes were taken, ami the spt*;.;c in the j ia nds of the receivers went into the Batfis instead 0 f into the circulation. 1 disbursed j when at Washington-, about 300 millions of the public mo ney before the Banks suspended specie { p,aymcnts. Arid nearly the whole of that su n was paid in Bank notes, when the public creditor had his op tion to take specie or the note-’. Why d d the pub lic creditor, who had my drafts upon fie Hanks, take the notes in preference to specie when they 1 could have Ind the specie if they had jdemanied it? No other answer can be given than that they' prcfeircd the notes, because they were more con venient. Here then, is a fact which is conclusive that Bank paper will be the circulation of this country until it is substituted by Government paper. The organs of the Administration have disclaimed all idea of a Government paper system. J: is now admitted on all hands that the desti >y .of this Re public is sealed forever, when the circulating me*' 1 dium consists entirely of paper issued .under the authority of the General Government. [Cinder such a system, we need no lunger talk about f late sove reignties or the liberties of the people. [They will all be at the feet of the General Goverhii ent, and it mu*t become a simple consolidate 1 despotism.—- It wou'd soon hoard up in its vaults all the specie of the nation as is the case now in Russia, and the people would have the Government paper as its re presentative. The stream of specie wodld be con * stantly running from the people in payment of thei/ taxes, under the Sub-Treasury sy-sten , into th * vaults of the Government, whilst the Governmcn paper would flow out as the circulating median , until the whole country would be drained of speci ant! Hooded with Government paper, Every ma-> then in the nation would be more or lc?:: 3. credi'.o' of the Government, who held any of this Covein ment paper in his pocket, and of course lintereste in sustaining it in all its usurpations and!despotism Under such a system, would it not be pc. feet mock cry, to talk about liberty? In this view of th subject, how can the Sub-Treasury-system give specie circulation? The Government creditor wouh do precisely as he did before the eslab is lament 0 the Sub-Treasury system, when he hat hi? optic to take the notes of Banks or specie, and alway preferred the former. If each man hoards up specie to pay l;is taxes that don't put it in circulation. It has exact yth contrary tendency. The circulating medium, i that money which the people generally eciev when they sell any tiling, and pay out w hen they buy any thing. Specie hoaxied up to pay taxe would be u«ea in neither buy ing or selling. J wou'd be laid by to meet the demands of the Go vernment When paid up to the Government, ' would go off to the Sub-Treasury vault—fron thence, it would be paid out to the Gc ernrnen claimants, who would sell it to a broke r, if it wa worth more than Bank paper, and take notes in ex change, or he would exchange it at Ba< k for it paper, if it was worth no more than the paper.— Hu.v 1 sen are the people to be benefit!?-! by thi system, which is to drain our country bf specie which will require tlrm to hoard up the lattle spe tie they may have, to be ready for Uu Sheriff, when 1m round, or to have theit property sacrificed fur half its value, if they shorn i be una ble to obtain it. The system, instead ox giving us a specie currency, will drain the cour.ti. of it and b j: completely tom circulation If ti:e «y?tem is to be confined tithe General G , mnei;t, it car Le of no conceivable benefit to the people. To say nothing of the great losses that wji] be sustained by defalcations,. by placing the pT lie money ir the han « of individuals, it will inciease the pressures in the mom-y market — : . tij ly'the suspension* of specie paymjents —pro- long t icir continuance, and instead of-yiving the people a specie circulation, will rivet upon them completely- a depreciated currency-. f ellow citizens, lam no Bank partisan. I ne ver borrowed a dollar, or accepted a favor from one of any kind. Holding a highly delicate and impor tmtt ust, during a long period of public, life, in re lation to the public rnohey, 1 found it necessary to ke.-p my elf clear of all pecuniary entanglements with I) ,tfi Hanks an 1 individual. 1 aim no advo < ol tte excesses of banking, or of a deprecia t'd paper currency’. I simply deny that the Sub ® Ire usury system will cure these evils, ?o far as they cliff t th'- people. On the contrary, 1 say-, it will aggravate them greatly, and make 1 them more into'erable. j So mu h for this Sub-Treasury sy: tem, which has been recommended by the President four | times to the Americas Congress. Witn all my in- 1 superable objections to it. 1 consider i; a more in nocent measure, and even less consolidating and despotic in its character, than othei" I measures, which he has pressed upon Congress, abii upon all ol which, J will take the liberty- of submitting my views in due time. Before closing this address, I must leg leave again to call your cairn and serious attenti n to the jecommen iation of this most extraordinary meas ure, —of a standing army, which appears in the President's last message, and which, if* a does not startle into amazement, and open the ayes of the people of tills country, as to his real char acter as a statesman and a patriot, then, I unhesita: ingly say-, that such is the state of party feeling upon the public mind, that tire President can recommend any thing he pleases, however destructive jo the liber ties of the people, and it will meet wiTi-its advo cates and friends!!! i But, with the most profound re?pcct "or you, fel low citizens, and with all rny best wishes for your 1 welfare and happiness, 1 am sure when you come t) examine this measure, an 1 see it? iittrocious that there is not a man among:} on, who basin him the noble spirit of his revdutioiiary sire, who will not be roused into indignation by it, and will spurn the party ties and discipline which ; calls upon them to give to it Iris snn-lic: j A measure which requires one hundred? t housand of the militia of this country in a state oil profound i eace —the sons of our farmers and mecpanics to be made regular soldiers of, for 8 years, contrary to their consent!! Bonaparte, in the plenitude of his power, could have scarcely- proposed; a furore des potic measure! It is his conscript sysb-.i, plainly and directly!!!! '• j And for what purpose, I again ask, rjs ibis army of 200,000 men to be raised —composed of Hie young tanners of our country, who are t<j be /< re ed into the rank*, and compelled to ser v j b years as regular soldiers!! • The real object cannot be mistaken, Jvvhalever efforts may be made to conceal it. ; They are intended to be used as ins rument? to spill the blood of their own < ountrymeh, iwho may- j hereafter become a little restive under, the de?po tisrn which is now in preparation to ens;j -e them. 1 What other object can he have for such .|i army, in 1 a stite of profound peace with the whel.lcivilized world? Fellow* citizens, far be it from me, to have any wish to deceive you. Here is the plan e!! the army a? given by- t ie Secretary- of War, whijeh the Pre sident tolls Congress “he cannot too highly recom mend.” “It is proposed to divide the United!Suites into eight military district?, and to organize tiie militia in each district, so as to have a body of 11|,;>00 men in each district in active service, and another of equal number as a reserve. “This would give an armed militia force of 200,- 000 men, so drilled and stationed as to N ready to take the r pla es in the ranks in defencic of the country whenever cal ed upon to oppose Te enemy or repel the invader. The age of the ieiTuitto be from 20 to 37—the whole term of service to Le eight years; four years in the first elate;, and four in the reserve: one-fourth part, 20,0H0| men, to leav’c tiie service every- year,passing at tlje conclu sion of the first term into the reserve, and exempt ed from ordinary militia duty altogether at the end of Ihe second. In this manner, S'LOOO men will be discharged from military duty Mery year, and 25.000 freih recruits lie received im i- the ser vice. It will be sufficient for all useful purposes i : k t that the remainder of the militia under certain re gulations,provided for their government, be enroll— ' ed and Le mustered at long an 1 stated intervals; fur in due process of time, neariy the whole mass of the miltiia will pass through the first and sec ond classes, end be either members of the active corps or of the reserve, or counted among the ex empts, who will Le liable to be called upon only in periods of invasion or imminent peril. The man -11 r of enrolment —the number of day? of service, and the rate of compensation, ought to Le fixed by i law; lut the details had t eller be left subject to regulation—a plan of which I am prepared to sub ! mit to you.” MEASURES NOT MEN, and J?alousy of I’xccutivc Power, was the first lesson I was taught as a Republican in early- life by a father and four uncles, who strug gled from the beginning to the end of the Ameri can Revolution for the liberties of their country. They took up arms in common with tneir country men to oppose a measure of the British Government, and defied the wrath of a monarch who attempted to oppress them. They defied their Chief Magis ! trale who usurped over them unconstitutional power. I shall follow In their footsteps as far as 1 know how. if I did not, I should regard my-?clf as a poor degenerate and miserable being —the fit subject of despotism—and would expect to see in my dicams the indignant frowns of those who as sis‘ed in giving me liberty of opinion and the rights of conscience. I will cling to the people, in oppo sition to the President, when 1 sec him advocating mear res calculated to destroy their happiness !! I will look at the measures of men — at their acts —at their conduct —in judging of their public char acter. Professions and names and promises arc m.thif gin my estimation. If 1 am to live under a Despotism,! would just as soon it should be call ed a Monarchy as a Republic. The name makes it neither better nor worse. If Democracy means that you are to stick to the President in every thing he recommends, right or wrong, then I am no Democrat. 1 will, as long as my pulse teats, and there is one throb of life in my heart, oppose him and all other Presidents, whenever I see them pursuing a course of measures calculated to destroy the prosperity- and happiness of the people. The degraded vassal, who lias got it into his head that the test of Democracy is a slavish obedience to the President’s recommendations right or wrong, and whom you cannot convince that a man can be con sistent in his principles, and yet differ with the President in opinion, is to be pitieu for his obsti nacy- and weakness. 1 call upon you, fellow citizens, to say if you are iu favor of the Precedent's plan of a standing army. Read it over yourselves—judge for yourselves.— Take it home with you—examine it thoroughly— permit yourselves not to be deceived. This is a subject that comes directly home to you all. 1 call upon you to examine it. If I have misconstrued the language show me how. If your opinion is different from mine as to the meaning of the plan, then I emphatically ask you, are you in favor of the plan of the Army as you understand it? Put your ewn meaning upon the President’s language. Read it, and tell me what it means ! And 1 then you, are you in favor of the organization of the militia according to this meaning of the plan ? If you are not in favor of the Army as proposed, according to your own construction of the Presi dent’s meaning of it, I then call upon you, in the name of your country-, to say if you are still in favor of the author of the measure ? Can you, in your conscience, say you are altogether opposed to such a plan of drilling the militia ; to the Sub- Treasuiy and other leading measures of the Ad ministration, and ye', in favor of the President who Tils you that he intends, if re-elected, to rivet them upon you ? Oppose the measures, but support the man who intends to fix them upon them country-!! ! Merciful God, fellow-citizens ! has party spirit Drought this count:y to such a condition !! Is this Democracy ! Is this Republicanism !! Is this the state of morals and patriotism which these free institutions have brought upon us ! Is this the fruit of the toils and blood of the revolution ! Is this the spirit which achieved our independence ! I am sure, fellow citizens, I cannot be mistaken: you will frown with indignation upon such doc trines. The plan of that army-, then,is not a Democratic measure. It tends most fearfully to concentrate power in the hands of the Executive. 2d. Is the Sub-Treasury a Democratic measure. ? After the view I have taken of it, I am sure you will say it is not. 3d. Are the other financial schemes of the Presi dent Democratic measures ? Look at them ! ! He proposes that he, or in other words, his Soc- I retary- of the Treasury, shall have permission to u?e the Banks and dismiss them at hi? pleasure.— : This is in plain terms, a recommendation to Con -1 gress that he should have the power of appointment and removal over Banks, as he exercises it now i over the whole army of Executive Officers ! Im agine to yourselves, fellow citizens, the enormity jof this proposal ! There are one thousand Banks jin the United States ! And perhaps millions of | people interested in them ! Every man in the U. States interested in a Bank, has here plainly- held out to him a temptation to become a partizan of Ihe President! Every Bank in the United Slates would be thrown at the feet of the President as a candidate for his favor, 01 a miserable slave of his power. To be selected by the President as a de posit Bank, to which was confided the national revenue, would be a great favor, as it would give lit unlimited credit; to be arbitrarily dismissed after it was selected, would insure its destruction, or at all events shake its credit ny-exciting sus picions in the community, and produce runs upon it. Are you in fax or of this measure? Is it a democratic measure ? Would it not fearfully- tend to concentrate power in the hands of the Executive? 4th. The third financial recommendation was simply that his Secretary- of the Treasury- should have the power of is?uing Treasury Notes at his discretion. In other words, that the Secretary should have the moderate power of flooding the country with paper money! I would not have believed that such a recommendation had been made to Congress, and had received tne President’s approbation, if 1 had not read it w itli my own eyes forty times over in the Treasury Department! Will the people believe it ? The Report of the Secretary can bo produced at any time. Will they read it and believe their own cy-es that such a proposition w-as made by the Secretary, and sanc | tioned by the President ? The document shall be | produced. Is this a Democratic measure ! ! Does* ■ it not tend to concentrate power in the hands of the President ? —“To increase the Executive pow er, already too great for a Republic ?” fith. A fourth financial recommendation of the I President w-as, that Congress should pass a bank -1 nipt law, which, of course, he w-as to execute, and ; by which he or his train of subalterns acting under i his authority, would have it in their powerof crush | ing all the State Banks, and with tnem the people, whenever they suspend specie payments. Would this be a Democrauc measure ? Is it | consistent with the doctrines of a State Rights Re ; publican, th t the General Government should have j the powerof destroying the State Institutions ? If ; the Banking system is carried too far in any of the j States, is not that a matter exclusively of State j concern ? Where is the authority to be f jund in j the federal constitution which gives to Congress or | the President any- power to interfere with State legislation, when confined within its own acknowl i edged constitutional limits ? Could any measure be more consolidating in its I tendency- than this one ? The President, too, undertakes to lecture the 1 States for their improvident legislation on the sub- J ject of their Internal improvements. Where did | he get this authority ? His last annual message on this subject lias nearly- destroyed the credit of | all the Western States. Was he elected to take caie of them in their local affair.-. ? I suppose they I consider themselves competent judges about their own matters. Let us then, fellow citizens,be no longer deceiv ed with names —with catch-phrases— with popular words. Let us look at measures, and conduct, and acts, in judging of the character of politicians. “o, liberty- ! what crimes have not been com mitted in thy name,” were the last dying words of a celebrated martyr who peri?hed upon the scaffold, during the French Revolution. They were the warning words left to mankind by a beautiful woman of high intellectual attainments and spot less purity ot character. Her only crime was that she and her husband, who were both republicans and enthusiasts for liberty, would not approve of all the measures of the party in power during that stormy period. The husband lived and the wife was captured. She was thrown into a dungeon— I was afterwards tried and sentenced to be guillo tined by men who did every thing under the name jof Democracy. Robespierre, Danton and Marat, the sanguinary tyrants who could stand by in cold indifference, and see the blood of a lovely female flaw from the scaffold, for agreeing with her hus- Land about the affairs of their Government, were harranguing the multitude of Paris every day about their democracy and hue of the people ! The sound of the axo, cutting off head-, and the sound of their voices about liberty and democracy, were beard from morning till night, at the same time. — Thousands and tens of thousands of the chivalry of France witnessed the execution of Madams Poland. They stood by, with cold indifference, and saw an innocent, and eminently talented laly taken from a dungco', like a common malefactor, and borne oil in a cart to the place of execution, and her head severed from her body, without shed ding one generous tear over her fate. Her heroic soul had nerved her for the scene, and turning to wards a figure, representing the Goddess of Liberty, stationed on the platform on which she stood, she bid adieu to the word I in the memorable words I have stated, “O, liberty ! what crimes have not been committed in thy name.” And, fellow’ citizens, 1 close these remarks with the best wishes for your welfare and happiness; j and may you never have cause hereafter to ex- I claim, O, Democracy ! what a galling despotism in thy name, has been rivited upon our addicted 1 country. i LJI , ... ! CHROMCLB AND SENTINEL. I ip A IT (JUSTA. TUESDAY MORNING JUNE 23. FO« PRESIDENT, WILLIAM HENRY HARRISON, Os Ohio; The invincible Hero of Tippecanoe—the incor ruptible Statesman—the inflexible Republican — the patriot Farmer of Ohio. FOR VICE-PRESIDENT, JOHN TYLER, Os Virginia; A State Plights Republican of the school of ’OS— one of Virginia’s noblest sons, and emphatically one of America’s most sagacious, virtuous and patriotic statesmen. FOR ELECTORS OF PRESIDENT AND VICE-PRESIDENT, GEORGE R. GILMER, of Oglethorpe. DUN JAN L. CLINCH, of Camden. JOHN WHITEHEAD, of Burke. CHARLES DOUGHERTY, of Clark. JOEL CRAWFORD, of Hancock. SEATON GRANTLAND, of Baldwin. CHRISTOPHER B. STRONG, of Bibb. JOHN W. CAMPBELL, of Muscogee. EZEKIEL WIMBERLY, of Twiggs. ANDREW MILLER, of Cass. WILLIAM EZZARD, of DeKalb. FOR CONGRESS, WILLIAM C. DAWSON, of Greene. E. A. NISBET, of Bibb. J. C. ALFORD, of Troup. R. W. HABERSHAM, of Habersham. T. B. KING, of Glynn, LOTT WARREN, of Sumpter. R, L. GAMBLE, of Jefferson. T. F. FOSTER, of Muscogee. J. A. MERIWETHER, of Putnam. Mr. Campbell’s Speech. This speech, delivered by a native Virginian one who has been long the supporter of the pre sent dominant party, who has been high in their confidence, and held an important office at Wash ington, we have had on file for publication for a considerable time. Mr. Campbell is a good wit ness, he has seen and Knows what he asserts to be true, lie sustained the administration until it be came his duty to choose between a party and his beloved country, and in that contest he nobly ar ray’s himself on the side of his country', We invite our reader-; to read this speech and reflect upon its contents; it is adapted to the capacity of every mind, however humble —and while they' read, we ask them to reflect that Mr. Campbell, is a man of | the highest character, the most •unimpeachable ve j racity, a man who throughout a long life, much of which has been devoted to the service of his coun try, has, in all the party contests of the day', however bitter, maintained an unsullied reputation* a character above suspicion. When such a man as John Campbell, so long the supporter of the administration, is forced from an honest sense of duty' to his country,to oppose those with whom he has been so long associated, it is sufficient to arouse the people, the working men of flic country', from their lethargy, and urge them to a calm and honest investigation of the merits of those who conduct our affairs. Let them be awake, let them seek light upon the important questions which are now agitating the country, and our word for it they will be found rallying aronnd the stan dards of Harrison, Tyler and Reform. Jons Davis, Senator in Congress from Massa chusetts, has been nominated for Governor of that State. Senator Buchanan. As this gentleman is now associated with the Van liuren party, and is one of their ack nowledged and prominent leaders in the Senate, we have thought it prudent to bring forth the fol lowing reminiscence of the past history of his p ilitical life, for the especial benefit of (hat por tion who are so ready to charge upon their oppo nents an association with Federalists.—We ask our Van Buren friends to read the following ex tracts from Mr. Buchanans speech deliveied at Lancaster Pi. on the 4lh of July 1815, and see what were his opinions of the Republicans at that day,—Hp is now acting with the Van Buren party and ha? never that we ever heard published any recantation of these principles and senti ments ! We would also ask another class of our readers, that portion who so much fear an asso ciation with Clay and Webster, to read these extracts, and reflect at the same time that Mr. Wall of the Senate, another prominent Van Buren man, entertains the same sentiments. So also does Mr. Kush, and a host of other prom inent men of the Van Buren ranks. But we suppose Mr. Van Buren has applied his magic wand, and the result is that the rankest federalist is forthwith changed to a good, consistent, demo cratic republican. Veri’y, republicans are easily made now a days. Extracts from Federal Oration,deliver ed July 4, 1815. There was a powerful faction in the United States opposed to the adoption of the Federal Constitution. The individuals of which it was composed were called anti-federalists, and were the founders ofthe democratic party. THEY (the democrats) GLORIED IN SETTING THEMSELVES IN ARRAY AGAINST OUR PRESENT ADMIRABLE FORM OF GO VERNMSNT. The authors of this opposition were'SIMPLY DEMAGOGUES, who might have risen to the head of a state faction, but who felt conscious that their talents would be eclipsed when the luminaries of the United States should be collected around the General Government.’’ ******* ‘•True to their original principles and their first love, the DEMOCRATIC PARTY of that day more the friends of France, as they become more the ENEMIES OF SOCIAL ORDER. * * “THEY, (the democratic party of 1800, under Jefferson,) BEGAN WITH THE DESTRUC TION OF THE NAVY.” “ The DEMOCRATIC ADMINISTRA 'I ION (of Mr- Jefferson) next declared isar against commerce. They were not satisfied with depriving it of the protection of a navy, but they acted as though they had determined upon its annihilation.” * * “Our ships were laid up to rot as melancholy monuments of the WEAK and WICKED policy of our Government.” “Time will not allow me to enumeate all the other WILD and WICKED PRO JECTS of the DEMOCRATIC ADMINIS TRATION. Suffice it to say, that after they had deprived us ofthe means of defence by destroy ing our navy and disbanding our army—after they had taken away fr mi us the power of re-creating them, by ruining commerce, the great source of our national and individual wealth; after they heal, by refusing the Bank of the United Stales a continuance cf their charter, emhanassed the financial condition ofthe government, and with drawn the only universal paper medium for the country from circulation; after the people had become unaccustomed to and of course unwilling to heir taxes, and without money in the treasury, THEY RASHLY PLUNGED US INTO A WAR with a nation more able to do us injury than any other in the world.” * * * * Thank Heaven that we have obtained a peace. BAD DISGRACEFUL AS IT IS—other wise the beautiful structure of the Federal Gov ernment supported by the same feeble hands, might have sunk like the capitol into ruins.” “ W hat is the reason,” said a prominent ad ministration man in this city the other day, “that the triends ol General Jackson never had occa sion, like those ot Gen. Harrison, to publish tes timonials ol his bravery]” “ Simply because,” replied a Whig, “ General Jackson’s military character was never, like General Harrison’s tra duced by a set ol unprincipled hirelings and slan derers.” A better reply could not he made to the same i query. The opponents ot Gen. Jackson were too high minded and too patriotic to deny his services or traduce his military reputation.—While they questioned his civil qualifications, they always ad mitted bis courage and military talents, and prais ed the triumphant results of his military career. Huw different is the course of the loco focos. For a paltry political advantage, they not only cover General Harrison with every kind of slander, but even seek to falsify their country’s history and rob it of some of its glorious victories and associations, by representing the Commander of the late war as a coward and imbecile, and his brilliant victo ries as defeats. The fame and achievements of our great men, in the cabinet or the field, are the most precious property ofthe Republic, and those, who seek to sully or deny them,deserve the exe cration of every lover of his country. —Louisville Journal. From the Nno York Herald. The Legislature of Pennsylvania have again adjourned, after passing the Tax Bill, the bill to pay the interest on the State Loans, and the Im provement Bill. The Tax Bill provides as fol lows ; Synopsis of the Pennsylvania Tax Bill. On all dividends by banks or corpora tions of one per cent or over—on one dollar, a tax of. 1 A mills. On $1 of all taxable property, occupa tions &c I “ On Si of all bonds, stocks (except Slate,) monies at interest, &c., on which 1 per cent dividend may ac crue, “ On all household furniture and plate exceeding s3oo—per one dollar of value, 5 “ On pleasure carriages 1 percent On gold watches 1 dollar. On gold and silver watches, 75 cents. On other watches, 50 cents. On all salary office? 1 percent This, it is estimated, will yield $1,000,000. This, it is supposed, will be sufficient to obviate the necessity of resort ing to new loans to pay in terest on State stocks. Fire. We stop the press to announce that just before three o’clock this morning, our citizens were aroused by the bell sounding the alarm of fire. We learn that a lot of about 20 bales of Cotton lying on Scott & Balfour’s wharf, to be shipped by Messrs. A. Low &Co. was discovered to be on fire. It was more or less consumed, and had it not been arrested, would have endangered the safety ofthe vessel near which it lay. A man was seen prowling about the place one hour previous. All suspicious characters-should be arrested.—Savan nah Georgian of ihc 20 Ih. The Rivers.— Nearly all the upper waters are still high. At Louisville, on Wednesday last, the Ohio was slightly rising, and two or three small boats came over the falls. The Upper Mis sissippi continues full and the water has not fall en about Lake Providence. From that point down to Vicksburg several plantations are inun dated. ’The river is lull of new drift, showingri ses above, which are mostly from the Ohio.— N. O. Picayune. The Texas Boundary.— By a gentleman who arrived last evening from Shreveport, we learn that the Commissioners to run the bounda ry line between Texas and the United States are now at or near lat. 32, on the Sabine, and have cleared eight acres in order to take an observation. It is thought that a portion of the Parish of Cad do, which has been surveyed by, and supposed to belong to, the United States, will he found to he within thejurisdiction of Texas when the line is definitely drawn. Important Discovert.—We need not en deavor to impress our readers with the importance of the following communication. It is from a Lieutenant cf the U.S. Navy. U. S. Schooner Enterprise,? Pernambuco, May 6, 1840. 5 Mi Deaji Sir: I have the pleasure to commu nicate to you. the intelligence of the discovery of a new Island or Continent, as it is called, in the Southern Ocean, by the French Exploring ships Astrolabe and Zelie. This information was brought here by ihe English barque Calcutta, from Van Dicmnn’s Land, on board of which were some specimens of granile rock, and also a chart oi the coast. The land has been called Adilie, and is laid down from the longitude 139° 30 east ot Paris to 185° 30' ; and latitude from 65 J to 6/° south. It is reported that the laud is completely protected by an icy barrier extending many niiles into the sea. As this will no doubt be the first information received in the Unied States, I take much pleasure in conveying it to you. Your friend and humble servant, J A. WINSLOW. En. Evening Signal. P. S. This is the French Exploiing Expedi tion which was quietly sent to sea, during all the noise which was made in the United Slates about our own. The Richmond Compiler of the 19th savs, Wm. 13. Dab.ley has been tried before the May or, and committed for trial before an Examining Court. The Mayor did not think his case baila ble. A Western editor, gives the following as the most opproved mode of killing fleas in those parts. Place the animal on asmooth pine hoard,and hedge him in with putty : then read him an account of all the railroad and steamboat accidents which have happened in the last twelve months. As soon as he becomes so frightened as not to be able to stir, draw out his teeth, and he will starve to death Georgia , Richmond County .- We the Grand Jurors, sworn, chosen and se lected for the first week of June Term, 1840, in performance of our duties make the following pre sentments : Having examined by Committee the Books, Records and Papers appertaining to the office of the Clerk of the Superior and Inferor Court, re port that we find them all carefully and neatly kept and in good order. We have also examined by committee, the Books, Records and Papers, in the office of the Clerk of the Court of Ordinary, and find them correct and posted up to the last Court. We have further, by committee, made an ex amination of the condition of the Jail, and Report that we find it kept in good order, and that the prisoners appear comfortable and generally satis fied with their treatment. We have examined the Books of the Tax Col lector and find him proceeding diligently in the discharge of his duty, and would recommend that the insolvent list usually allowed him be defered to the action of the Grand Jury, for the January Term of this court. Inasmuch as we the Grand Jury for the first week were unable from other duties, to extend our enquiries to the condition of the Roads and Bridges of this county, we respectfully request his Honor Judge Shly, to instruct the next Jury to be irnpannelcd for* the present term, to direct their particular attention to this subject. W 7 e cannot omit noticing the deranged state of our currency, and respectfully call the atten tion of the Legislature to the subject, and at the same time, feel it our duty to express our sur prise, that our Slate, in its present condition, should lend its credit to its citizens, for their in dividual benefit, and with little or no advantage to the State at large, by is =uing the notes or bills of the Central Bank, solely with the view of dis counting notes for the accommodation of indi vidual citizens—when it is, at the same time, un able to meet its own obligations. We think it would be far more preferable, for the state to levy such equitable taxes on the citizens, as would enable it to meet its own responsibilities, than to issue a mass of irredeemable paper. We believe that instead of the Slate making loans, its situa tion at this lime requires, that it should by some means establish its own credit on a better foot ing, and lor this purpose, we would suggest the propriety of increasing the revenues of the State, by some just and equitable mode of taxation, so as to establish the credit of our State on a surer and firmer basis—unlil this is done, we cannot but believe that the State is in the situation to require loans rather than granting them. The Grand Jury take pleasure in bearing wit ness to the faithful and impartial discharge of his official duties, by lus Honor Judge Shi}’. They also tender their thanks to the Attorney General for his prompt and polite attention to the Jury. A. CUNNINGHAM, Foreman. Thomas T. Holt, James H. Park, I. Henry, Geo. A. Simmons, Andrew G. Bull, Thos, Richards; Enoch W. Spofford, P. Carre, (3. C. Taliaferro, Lewis D. Ford, W. G. Dearmond, Christopher Low, S. B. Clarkson, William G. Way, Thomas B. Smith, Mich. F. Boisclair, John P. Andrews, Walter Harris. I object to the decision in the above case of the Central Bank of Georgia, from a desire that the character of said Bank should have a fair chance in sustaining herself with other Banks in the next Legislature, requiring all Banks to resume specie payment at an early date. WILLIAM C. WAY. As I am not prepared to censure the Govern ment of the State, I protest against that portion of the presentments relating to the Central Bank .ofGeorgia. WALTER HARRIS. On motion of the Attorney General, the fore | going presentments are ordered to be published | as requested by the Jury. True extract. JAMES McLAWS, Clerk. COMMERCIAL. Latest dates from Liverpool, May 1.3 Latest dates from Havre, May 13 AUGUSTA MARKET. Cotton. —The market, since our last report, has been quiet, and there is but very little doing at our last quotations, which are barely supported. Ordinary to middling. 6 to 7j Fair, to S§ Good Fair, to Sj Prime and choice, -.9 to Groceries. —We have no change to notice. Tha market is generally well supplied with all the leading articles, and prices are as low as the de ranged state of our currency and the exorbitant rates of exchange will allow. Freights —To Savannah, 50 cents per bale; to Charleston, by rail road, 25c per 100 lbs. for square, and 35c per 100 lbs. for round bales. Exchange. —On New-York, at sight, all per cent, for current funds ; Charleston at —a S] per cent; Savannah 2h per ct.; Philadelphia —a per ct.; Lexington, Ky, 4 a 4] per ct.; Richmond 7 cent; specie commands 9 a 10 per cent, premium. Bank Notes. — Savannah Ranks, 2 per cent. prem. Columbus Insurance B’k 6 “ « « Commercial Bank, Macon, 6 “ “ “ Mechanics’, “ (Augusta,) 8 “ “ “ Agency Brunswick, “ 8 “ “ “ Planters’ and Mechanics’ Bank, Columbus, 2A “ “ dis. Central Bank, -a 6 “ “ “ Milledgeviile Bank, -a 6 “ “ “ Ccmulgee Bank, 6 “ “ Monroe Rail Road Bank, 9 “ “ Ilawkinsville Bank, 6 “ “ Chattahoochie R. R.& B’k Company, Darien Bank, 20 “ “ “ Bank of Rome, 50 All other Banks now doing business, at par. Specie Paying Banks. — Mechanics’ Bank, Insu rance Bank of Columbus, Commercial Bank of Ma con, and Brunswick Agency in this city. OBITUARY. J, Died At the residence of his brother-* Rev. Alexander Cunningham, in Augusta on \r ’ day, 15th instant. THuMAS D. UvSO\ in °v' ISth year of his age. The deceased iv« i nat " e of Jonesborough, Tennessee, and was a son of'l T V Eason Esq., deceased. It was rem"ft him, that from his earliest boyhood h» - erned by a high sense of moral principle ; an s, V ' who knew him gave him their unbounded c nfi dcnce and highest regard. As a Clerk in the A „ gusta post-office, he appl ed himself industriouJv' and assiduously ‘o the duties of his p i ace n1 high order of intelligence made him, even at k‘ S *?-. • «Kf«l valuable assistant in tal! - responsible and importmt office. Death soi him on the very threshold of manhoid v/r greater usefulness—but he is gone, w- e do'ubt ‘not to a home or joy and everlasting peace. ’ “ Likc a 3'omig tree he falls, with its bcautv a jound, * d * While its leaves are yet fresh, and its branches sound, That has never been nipt by the cold winter hli<o verdure and franco r™ata?„S BANK REPORTS __ 1 Hank of the State ol Georgia, Branch at Augusta, } 16th April, 1840. S To His Excellency, Charles J. McDonald Governor of Georgia Dear Sir:—l herewith enclose a statement of the condition of this Bank on the 6th day of April, 1840. as required by an act of the Legis lalurc. With respect, «sec. JOHN PHINIZY, President. Statement of the condition of the Bank of the State of Georgia , Branch at Augusta, on Monday, the 6!h April, 1840. DR. Discounted Notes, run- 1 ning to maturity, 254,806 70 Do in suit, 29,093 01 Bills of Exchange run ning to maturity at Mill edgeviile, W ashington, Macon, Athens, Colum bus, 6c Hamburg, S. C 5,728 21 Bills of Exch’ge in suit, 8,635 90 Stock of Georgia Ins. and Trust Company, 13,500 Do of Eagle 6c Phccnix Hotel, 500 Do C. Council Augusta, 10,0: 0 Protest account 7g Incidental charges 1,970 25 Salaries, 4,999 92 Banking House and Lot, 12,000 Bills of Exchange run ning to maturity at Bos ton, New York, Phila delphia, Petersburg,Va., Charleston, & Savan’h, 136,117 91 Due by Banks in N.York 537 93 do do Philadelphia, 10,414 20 do do Charleston, 14,330 65 do do Columbia, S. C. 189 06 do do Savannah, 58,527 78 do do in the interior of Georgia 49,876 75 Notes of Augusta Ins. & Banking Company . ..161,335 1 do othei City Banks, 63,380 do banks in S.Carolina 453 do banks in Savannah, 305 do various interior B*ks in Georgia,.... 39,382 Gold and Silver coin,.. 89,184 68 970.346 07 . CR. Capital Stock of this Branch 450,000 Notes of this Branch in circulation,.33l,l74 Due to various Banks, 78,554 20 Due to Depositors 77,075 58 Dus on Special Dcpositc 3,033 92 Profits since Oct 7,1 S39(gross profits)3o,soß 37 Am’t Notes and Bills of Exchange running to maturity, 380,280 47 Do Notes and Bills of Exchange, in suit, 37,728 91 Do Notes & Bills of Ex change under protest, and nut in suit, 10,366,35 434,381 73 Os the above am’t is con- ■ sidered doubtful,.... 6,236 06 970.346 07 Augusta, April 6, 1849. J. MILLIGAN, Book Keeper. Georgia, 7 John Phinizy, President, Richmond county. 5 and J. Henry, Cashier, of the Bank of the Slate of Georgia, Branch at Augusta, being duly sworn, say that the returns herewith made, contain to the best of their knowledge and belief, a true statement of the con dition of said Branch. JOHN PHINIZY, President. Sworn to and subscribed before me, this the 15th April, 1840. J. S. Griffin, Notary Public. Branch of the Bank State of Georgia. Milledgkville, April 7th, 1840. His Excellency, C. J. McDonald, Sir:—lnclosed you have the semi-annual statement of this Branch, showing its condition up to Saturday, 4th April, 1840, inclusive. Very respectfully, your ob’t servant, C. J. PAINE, President. State of the Branch of the Bank of the Slate of Georgia, in Milledgeviile, on Saturday, 4 lh 4 of April, 1840 . inclusive. DR. For Capita! Stock, 100,000 Notes of this Branch in circulation, 19.993 Individual Deposiles 3,185 63 I Discount, interest, <scc. received in the last six months 4,006 08 j To B’nk State of Georgia, and its other branches, 37,703 28 'To other Banks, 12.344 42 §177,232 41 CR. By notes of other Banks on hand, 35,325 C Do Bank State Georgia and its br’hes on hand, 3,555 Specie in gold and silver, 14,421 63 53,301 63 Notes discounted, not due, considered good, 69,558 do lying over, d 0.... 16,135 do in suit, d 0.... 18 307 72 do do doubtful,.. • • 2,885 do do bad, 200 Dills of Exchange, not due, considered good, 2,650 do in suit, do 1 847 77 do do bad,.. .. 200 Amount due by other Banks, 1.588 93 Banking House, 9,000 Salaries, paid for the last six months 1,500 Incidental expenses paid since sth Oct. last,.. 58 36 $177,232 41