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tfljrouuk anb Sentinel. AUGUSTA. WEDNESDAY MORNING, MAY 6. Virginia elections. The Richmond papers of the 30th ull. bring us returns of the election of ISO members of the Legislature, of these the Whigs have G 3 and the Locofocos 68.—This is a loss of 0 Whig mem bers compared with the last legislature. In the remaining Counties to be heard from, the Whigs had last year 3 and the Locofocos 11, —If there fore these Counties return members of the some political cast as last year, the Locofocos will have a majority of four in the House and the Whigs one in the Senate. The Congressional election has resulted more favorable to the whig cause, the account now stands 10 Whigs, 10 Locofocos and 1 (Hunter) independent, which is a pain of two to the whig strength in Congress. T'irc tit Swaiusborougli. The Snndeisvillc Advocate of the 28th ult says; —The Court House of Emanuel County, at Swainsborough was entirely consumed by firoon (ho night ofThe 10th instant. We understand but one Record Book was saved, the balance, to gether with all the Court Papers were lost. The Sheriff of the County has been accused and a true bill found against him hy the grand jury. Our informant, however, thinks him not guilty, and there is not even circumstantial evidence against him. The Sate Vascol vku Bukst.— The Apala chicola Journal of the 34th ult. says ;—This fine ship, ('apt. Riley, was burnt to tho water’s edge last night while lying at the East Pass. She was freighted by Goldstein & Co., and was ready for j sea, bound for Havre. Her cargo amounted to ! 1400 bales of Colton. We do not learn how ; she caught on fire. Tho following is an extract from a letter re ceived in this city : “ The Ship V ancouver at Apalachicola, with 1400 hales Colton was burnt on the evening of the 83J ult. to the water’s edge. She was bound to Havre and was in-ured with nearly all tho cot ton, in the New York Mutual Safety Ollice.” Correspondence of the North American. New Yostit, April 30,3 P. M. The business in foreign bills has been very large yesterday and to-day, but. the bills have been plenty, and towards the close there was rather a Battening in the market. Some Southern bills sold as low as G prom. Drawn bills from the South with city endorsements, 6;f (rt 7, while city drawers sold at 7 0 I}. On Franco the sales were largely at 27 }, but closing at 2S|. Holland 39J 0 40. Cotton is veiy firm in pikes, though the sales are yet moderate. . Some prime Mobile and New Orleans sold this morning as high as 13 cents Sale: of Corn at 03 cents, weight. Nothing done in rye. Cennesscc flour stands firm. A sale of leas to-day brought very full prices. The Great Western will probably have 93 pas senger. She has 93 now’ engaged. United Slates Rank fell off a little. Slate stocks went up, which is a good thing for effect on the other side. The New York and the Boston steamers will have a fair pull for old England, botli of them starting at about the same hour to-morrow. Domestic Exchanges. —Philadelphia 3|; Balti more 4); Richmond 54; Charleston 1$ 0 2; Au gusta i Macon —j Savannah 3)-; Mobile 9j (ti 10,1; New Oorleans 6$ (S) 7 ; St. j, uis 8; l-ouis vihe 74; Cincinnati 7j; Nashville, Tenn. !2j. Foreign Exchanges.—On London, 7 ® 7|. On Paris, f 0.27). ___ Finn r.v CiiAitLESTox—The Charleston Courier of yesterday says.—After the postscript of yesterday was written and our paper put to press, two men were injured by the falling of the second story of the Southern wall of the store, viz: Messrs. C. Denny and A. G. Decamps both, members of the .'Etna Engine Company, and engaged at the lime in managing the hose pipe. We are happy to state that they were not danger ously, hurt although both were so much stunned I as to be insensible for a short time. Mr. Lou- ! lain, we also learn, is not considered dangerous. We arc informed that there was but about 800 j bales of Cotton in the store, and with the cxcep- ! lion of a few bales, was insured in Augusta and ' New Y ork. The sue continued to burn throughout the ; whole day, while two or three Engines were | playing on it, and workmen employed in pulling | away the burning Colton, timber, &c. and were i to continue their labors throughout the nignt. j The Smouldering lire will probably not be entire ly extinguished until the close of this day. From the N. Y. Commercial Advertiser, of the 30th . I Tub Stkamshif PiiksidbhT.—A deeper j shale is thrown upon the prevalent anxiety rc- | sperting the fat*' of this '■easel, by the arrival of I intelligence that she had not reached Fayal on tho ! 3d instant —being then twenty three days out. ; This intelligence comes in a letter to the Boston I Rost, from Captain Scott, of the barque Fame, ! which vessel put into Provincelown (Mass.) on 1 Monday. She touched at Fayal on the 3d, and left on ! the 4th, and os C iplain Scott’s letter makes no | mention of the President, the inference is natural j that she had not been seen or heard of at that port. A barque was seen approaching Boston harbor yesterday afternoon, when the papers went to press, supposed to bo tho Fame, She may possibly have brought intelligence not given in her captain’s letter. Tho steamship seen on the 20lh of March, as i mentioned in this paper on tho 31st, and again on Tuesday, was most probably the Britannia, which left Boston on the 10th. Moiie Amieses. —Some of tho Baltimore po lice ollicers have arrested three men, supposed to be tue perpetrators of a very extensive robbery commuted some lime ago in that city. Promis sory notes and money to the amou.u of $64,000 were recovered fiotn them. The arrest of one is thu i described; “ In a few minutes Sncldon found his man on horseback, near Pratt street depot, and, edging along so as not to alarm him, he made an effort to seize the reins, but missim; them, was success ful in seizing the man by the c >at. He kept his grip until Brown dragged him at considerable speed up to Charles street—using his whip on his horse and olllccr ShclJon alternately. Tho officer was obliged to let go, when Brown started , at great speed. Officer Ridplcy by this time had borrowed a horse, and seeing the fl ghl of Brown, commenced tire pursuit. He came along side of his prize near Schroeder’s woods, and seizing Brown by the arm, endeavored to bring him to a halt. Brown seemed anxious to getaway, hut the officer holding on to his grip, both were unhorsed at tho same moment, and came to the ground to gether. Brown was overpowered, brought before Justice Snyder end committed.” For the Chronicle and Sentinel The Currency. No. v. The furnishing a single uniform currency to tire whole Union, through the State Banks, by loans at 2 per cent interest, may be advantageous to the National Bank by the following arrangement. It would be asking too much to require the redemp tion of these bills as par in all parts of the Union, that would throw on the U. S. Bank, the whole expense of the exchanges, tho trouble, risk and expense of transporting specie whenever needed, without receiving an equivalent. Let then, tne bank, be allowed to charge a per centage, varying from i to 2 per ceot, on all notes presented for re demption at a distance from the place of issue.— Let these rales be fixed and published, from lime to lime hy the hank, so that they shall Do known hy all the business men of tire country. Such low rates would throw almost all the exchanges into the hands of the hank, and an average charge ol 1 per cent would produce a large income. This added to the two per cent on their loans to tho State Hanks for the whole circulation of the country, would afford a handsome return to the stockholders. The nett circulation by all the banks during the last six years, has averaged 98 millions. The amount retained by the banks to meet their circu lation and deposites, has averaged Os bank notes $27,000 000 Os specie and specie funds 43,000,000 Os this whole sum nearly one half was retained to meet their deposiles, certainly a proportionate part of their whole immediate liabi.ities on ac count of circulation and deposites, the average flji-’or circulation has been $125,000,000 For deposites 9C,000,000 So that of the 70 millions retained to meet these liabilities, there were Fertile deposites,about. 430,000,000 For the circulation “ 40,000,000 Tire U, S. Bank would ho able to keep out through all the State Banks, on an average 1 For the general circulation $98,000,000 1 For the bank depositc 30,000,1:00 2 per cent on this is 2,560,000 While they would have to keep on hand to meet their circulation, not much less than $40,000,000. —Supposing them to inspire no more general con fidence that tho State banks; when to this amount of profit is added tho profits from their own depo sites, and the profits from exchanges, it will be seen that very handsome dividends can be made on a capital of GJ millions, which it is presumed would be sufficient to carry out this plan of giving a regular uniform and stable currency to the whole Union. Smith. No. vr. The advantages to a U. S. Bank of conducing tho whole exchanges of the country, are difficult to estimate. The cotton crop exported to Europe and to the north, is almost entirely drawn for by bibs ol exchange to meet the wants of the South, for northern and foreign manufactures. The ag i cultural products of the west and the middle Stales, are used in the same way. No one can doubt, that the whole amount ot these exchanges range from 500 to 1000 millions of dollars. The esti mate in England is 17,000 millions of dollars. If the lowest estimate he taken and only one half cf this be supposed to be performed by the hills of the U. S. Bank, one per cent on $250,000,000, would give $2,500,000 as their profit on the bills of ex change, or on the transfers of their notes. As to the deposites, when it is recollected that the greater portion of these arc in the large cities’ to suppose one fourth of them as tho sum obtained by’ theU. S. Bank and all its branches will not ap pear too large. Os this amount of $24,000,000, one third may he retained to meet the demands on it, and the remaining two thirds to meet the circu lation. Having now collected lire sources of the profits of the U. S. Bank, a recapitulation will show their amount. Let the hank begin vilh 60 millions paid up; and suppose the circulation of the State Banks all drawn in by the subs itution of U. S Bank bi Is; ant the specie of the State Banks transferred to the | U. S. Bank and branches. The liabilities of the State Bjtllis for circulati m having ceased, and for deposites being reduced one fourth; that is, their liabilities being reduced from $221,000,000 To 72,000,060 Instead of keeping on hand 70,000,000 'They would keep only 24,000,600 j All in U. S. Bank bills. The U. S. Rank beginning with caj ital paid in of 60,000,000 Having deposites -if 24,000,000 Loans to the Slate Banks 150,000,000 Os which they retain 24,000,000 The public retain 98,000,000 Excess returned to U. S. Bank, i 5.... 28,000,000 Reducing their specie to 56,000,000 Os winch they retain for their depo sites 8,000,000 I Reaving for their circulation 48,000,060 Or about one dollar for every two in the hands . of the public. 1 Profit on these loans, is $3,000,000 ' I Profit on exchanges is 2,500,000 j Expenses may be put at ' 500,000 j Losses 200,000 j Nett profits 4,800,000 j Which is 8 per cent on the capital invested.— i There is reason to believe that the increased sta bility of the currency would allow them to keep a | less amount of specie, and thus allow a higher rate ! of profit. Smith. | No. vn. The great advantages to the country of a good currency, arc so fully appreciated by the whole community, on account of the calamitous events of tki last few years, that the only object of inquiry now is, how can a good currency be obtained ; The circulation of the notes of tire United States Bank through tne Stare Banks would give a cur rency having all the requisites to bo desired, as will appear from the following considerations: It would be uniform —the same through every part of the Union. It would be safe, for the Rank having a very large bona fide capital, and loaning only to sound and able banks, would bo always rich enough to redeem its whole circulation. It would he regular, for (he Bank would have but very little motive, from the low rate of m erest on its loans, to expand at any time beyond the de mands of trade. And should it through folly, or ignorance, or sho.tdghtoduess, extend its issues be yond the wants of the country, the contraction that would be immediately forcid upon them by an ad verse state of the foreign exchanges, would be spread over so wide an extent of country, that it would be scarcely felt at all. Should foreign ex change rise above par, it would be its duty to call from all the banks in the Union a small percentage on th* loans they had received, and to enforce these calls —the interest on the amount demanded bhould rise to three per cent, if not p ud in ten days, and four if not paid in twenty, and so on, increas ing the rate per cent, regulary till the amount is obtained. By such an arrangement the currency would have great stability, being never much ex panded or much contracted beyond the natural wants of commerce. To keep it equivalent to specie, the Bank shou’d be required to pay, whenever it refused to redeem it - bills, double the legal interest for the first ten days, at the rate of one per cent, more for the next ten, and so on, increasing one per cent, for each successive ten, till the amount be paid. As the great body of the bill-holders would have no sym pathy with the sufferings of the Bank, and would be free almost entirely from the influence of its Directors and Stockholders, they would be ready to demand this interest at all limes, whenever they were refused specie; and the interest due would accumulate so fast, that a protested bill would be just as good as specie. if the currency would thus be safe, uniform, re gular, and equivalent always to specie, the country would have all that is now needed for a rapid ad vancement in wealth and prosperity. Smith. From l/ie Cincinnati Republican . Capital Punishment, Having lately met with some tables of statistics upon this subject, which shew that increase of crime, has not followed upon disuse of capital punishm nt, we propose to select from them, such as arc of chief interest. The first as to Pr.nT.Tw Total ex- Total convicted ecuted. of murder. 5 y’send’gwith 1804 235 150 or per an. 30 6 yrs 1809 68 82 10 5 yrs 18.4 71 64 13 5 yrs 1819 26 42 8A 5 yrs 1824 23 38 5 yrs 1829 22 34 7 5 yrs 1834 7tone, 20 4 Here we sec that in Belgium, with a popula tion of 3 \ millions, the diminution of capital punishments, and ultimately their discontinuance, so far from causing any increase of the crime of murder, has been attended with the very opposite result. In the second place, with respect to that vast empire, France : P, „ Total ex- Total nceusa llANCß. • .-i-i ecuiions. Irons ol murder. 5 yrs end’g with 1829 352 1182 or per an. 236 * yrs 1 334 131 1 172 234 Thus France, also, with a populati m of o 2 millions , affords an example of capital punish ments considerably decreased, and the crime of murder not augmented. Thirdly, , Total cxe- Total convict in 17 SSI A. , , ~ , culed. cd of murder. 5 yrs end’g with 1824 54 GO or per an. 14 5 yrs 1829 32 50 10 5 yrs 1834 19 43 8J Prussia lias a population of 13 millions. The facts presented by tins table arc admirably illus trative of the practical benefit resulting from the all but total abolition of the extreme penaltv. The diminution of the worst of crimes, accom panying the mitigated application of the capital law, is most remarkable. Had we disturbed the uniformity of the periods by giving, separately, llic three last years, they would have shewn only two executions per annum, in all Prussia, and the average number of murders reduced lo7j. In the fourth place, England Total exeru- Total [and waxes.] ted for various convicted of crimes. murder. 7 yrs end’g with 1820 659 141 or per an. 20 7 yrs 1827 434 112 10 7 yrs 1834 355 105 15 Here wo have septennial returns for England and Wales, furnishing similar practical evidence in support of the principle, that capital punish ment is unnecessary for the repression of even the most dangerous species of crime. The pop ulation is 13 } millions. The foregoing are taken from the official state ments offou- diff rent nations: and it to them be added Austria, (whose laws arc extremely mild, iillho’ the Criminal Tables are net yet received by us.) we have an extent of territory comprising not fewer than 95 millions of people—and constitu ting not the least enlightened portion of Europe —in which penalties of blood have ejther ceased, or been nearly abrogated, with the exception of I England. I •• What has been the result! Has the depar- I lure from that system of terror and exteiminalion i which produced such a frightful waste of life upon toe scaffold, endangered public morals, or rendered society less secure ? On the contrary, do not these returns show, by the irresistible force ! of arithmetical demonstration, that morals are im j proved as the law is ameliorated ; and society ; better protected by a just moderation, than by a 1 destroying vengeance! We have excepted Eng land, where although the law has of late under gone mitigation to some extent, yet more remains to be done lor the improvement of criminal juris prudence than in any civilized country of the world.” Wo shall make some further extracts in a few days Irani the same article, which is to he lound in “ Remarks, introductory to the second volume of articles selected from the [London] Morning J Herald, with notes”--1837, | This is a much bruiled question in America n.i j the present lime, and we see that a capital cause ; in New Hampshire, called out from the press of 1 that State, an opinion, that capital punishment, there, was virtually abolished, as a jury could not Ibe polled, that would hang a convict. These rc \ turns,appear to demonstrate, conclusively, that [ crime has decreased, as a consequence ol theabo j lition, partial or entire, of Capital Punishment. Ratal Accident.—A Caution to Stohts uex.—On the 14th day ofMarch la-t, Mr Francis j Winston, of Rutherford county, Tennesse, obser | ving some cranes flying over his house, seized his ; rifle to give them a shot; but, before ho got to j the door, they were out of reach. Whilst he : stood watchihg them, the rifle, which ho held ; resting at his side, slipped, Simon a stone step, I and tired ulf. His wife immediately ran to the door, and seeing him holding to the post, inquired “what's the matter!” To which he replied, “O, I have killed mysoli!” Hho assisted him to the bed, where he expired in less than two minutes, The call entered his left side, supposed to range through his heart. The deceased was a young man, a native of Franklin coumy, N. Carolina, the son ol Capt. Moses Whitson, a respectable and worthy citizen ol that county in whose kind and hospitable mansion we spent many of the happiest days of our youth ; and most sincerely do we sympathize with the bereaved and afflict ed family. An aged father, an affectionate wife, several brothers and sisters, and many relations and friends, are left to mourn his untimely death. —Raleigh Star. “ You charge me fifty sequins,” said a Venitian nobleman to a sculptor, “ for a bust that cost you only len days’ labor.” “ Vou forget,” replied the artist, “ that I had been thirty years learning to make that bust in ten days ” There were slain by sea and land, as we learn from the Boston Journal, during the last war be tween Englandand Franco.2,loo,ooomen. The cost to England was £l,osß,ooo,ooo—the grea ter part of which is still upaid in the national debt! Sixth Letter from Nicholas Biddle, E»q. to the Hon. John 31. Clayton. Andalusia, Bucks County, April 26, 1841. Hon. JJm i\t. Clayton, Dover, Delaware Mv Dear Bia, —1 am going to tell you, this morning, a very strange and true history about this Committee. At the close of their report, they say "It must be also mentioned that among the expenditures of the Bank there is enten d at various dati s commen cing May sth, 1836, sums amounting in alt to $618,6W 15, as paid on the receipts ol Mr. N. Bid dle and J. CowpertnWaite” and “ Cashier’s Vouch ers.”—As ilie Committee were unable to obtain satisfactory information upon the subject of these expenses from the books or officers oi the Bank — application was made by a leticr to Mr. N. iiiddie and Mr. J. Cowucithwuite, fiom whom no reply bus been received.” On reading ibis no one could fail to understand that here were 618,000 dollars, which I had obtain ed fiem the liana, and on being questioned about it bad declined giving any answer, from which the natural inference was, that these funds were never accounted for. This is evidently what the Com mittee intended to be understand—ibis is what ev ery body dues understand. Now what I am about to say is so incredible that I would not say it unless I eou,d clearly prove it. It is. First, That at the moment of charging me with these 618,000 dollars, the Committee knew perfect fcetly well, that nearly three hundred thousand dol lars of Hint sum, had been expended since I left the Bank —and Second, that the remainder had been regularly parsed hy the Board if Directors on the repot t ol a committee of which the Chairman. Joshua Lippin cott, was the identical Joshua Lippincott, Chair man of (liis very Comniillee of Investigation. \ou are surprised at this. Vou will be shocked when you see the proofs of it. I. In this sum of 618,000 dollars, are included two sums, one of §IBI,OOO and the oilier r 99.000 Making sisu,uuu The first of ttiese sums was passed to the Prolit and Loss account on the (illi of January, 1840, on the same vouchers described in the rep'oit— and it was ,o passed on the recommendation of the Divi dend Committee of the following Directors; Messrs. Newkirk, Cone, Bohlcn, Price and Cabot. The scorn! was passed in like manner to the Profit and Loss account on the 6th of Juh , 1840, on the report of a Dividend Commiltec, consisting 1 of Messrs. Eyre, Taylor, Martin, Neff and Con , ncll. : You naturally ask, is it possible that the Com . mittee of Investigationcouldhave known this fact- 1 1 answer, not only did they certainly know it, but it is impossible that they should not know it. The same page which contains the account of these ex pel scs up to a certain period, continued it down to ti.e latest period, it is one continuous list of ex penses, and lie who could sec the expenditures tlu , ring my time must unavoidably see those since that time. , Hut this knowledge shall be brought directly borne to them. Take for instance the sum of 93,000. On the; 16th March LSI!, the Committee of Investigation wrote to the President of the Bank asking for in formation, among other things, about that specific sum, coveted by the vouchers of A. Lardner, Cash ier. The President answered in writing that that sum of 99,000 dollars wa- disbursed under the di rection of a Committee of the board of Directors appointed on the 3d of March, 1840. 'I his Committee then had the minutes of the Bank hcfoic them —they iea I the resolution —they saw the names of the Committee ®f Directors who had disbursed the money—they were ad Directors of the Bank at the very moment when this Com mittee woie making their investigation— they were almost daily under the same roof—and yet knowing all this, the Committee nevei say one sin gle word to these Directors—they never say one single word of them—but they suppress all these circumstances anu throw the whole odium ol these identical 99,000 upon me who had left the Bank fifteen months before, Look nearer at tnc injustice of this conduct. They say that they could gel no “satisfactory in formal ion from the otficcis of the Bank.” Why, was not Mr. Dunlap, the President, an officer of the' Bank and did he no: in writing apprize ihem that this money was disbursed by tnc Committee of Di rectors. Was not that inhumation > Mr. Cowperthwaite, the Cashier, went to the Chairman of this Committee of Investigation, and gave him a written explanation of what relates to him. Was not this information! “I called,” says ho, upon Mr. Lippincott and ex pressed my anxiety io give the Committee anv in formation I possessed on that or any other subject staling to him I tie fact that 1 had been refused per-' mission to see these vouchers—l then stated to him what my recollection was respecting Ihem, lie re quested it might heqmtdown in writing, and a shoit memorandum was accordingly made.” J hey saw the minutes ol the Hank where this Committee ol Direclois was appointed who, they wcie assured by the President of the Bank,’made these disbursements. Was nut that information > Are not the minutes books } Yet in mo defiance of all this they declare that they weie “not able to obtain satisfactory infor mation upon the subject of these expenses, from the books or officers of the Bank.” In the same way with regard to the SIBO,OOO charged in January, 1840. They saw the names, the dates, the sums. If they were in Mr. Cowper thwaite’s time, ee hid gone to the chairman and off. red the explanation—it they were since Mr. Co« penhwaiie’s time, Mr. Dunlap had explained to them ttmt this Committee of Directors wei e the per sons to apply to. But this Committee wohlu do nothing, II ey did not ask the Committee of Ui reetoisj they would no: listen to Mr, Cowper thwaite. (hie thing, however, at least, was per fectly certain, that whoever made these disburse ments, I could by no possibility have any thing to do with them. And yet they fasten the whole on me, and make every ore believe that these ex penses were incurred hy me. Observe too the ar tifice by which this conclusion is u.adc to he be lieved. “ Among the expenditures of the Bank,” say the Con miilee, “ lucre is entered, at various dales, commencing May 5, 1836, sums amounting in all,” ire. &c. Commencing May 6, 1836, but they do not say where ending. That important fact is stuoiausly hidden, because it would have been seen at once where my responsibility ended, and that these $289,090 were disbursed after 1 left the Bank. You see then that this Committee of Investiga tion, knowing pei fectiy well that these $280,050 could by no possibility be imputed to me, have’de ceived the stockholders into the belief that I had received the money. You see again that this Committee declare that they could get no information from the books and officers ol the Bank, when the hooks with the facts were hcfoic them, and Loth Mr. Dunlap and Cow peithwaite had given the information in writing Vou ate astonished at all this. Be more astonished at whit follows. In all these various disburse ments lor the service of the Bank my agency was one rather of form than of substance. When necessary fur any purpose, some committee, or some duly authorized person made the disbursement, and the vouchers to pass the account were signed by myself without of course receiving, or indeed having any thing to do with the sums in question hut merely us an evidence tliat such sums mi.lit be or had been disbursed. I hat for instance was the case with the sum of $99,000, the Cashier giv ing his voucher,and the committee giving their au thority in writing, though it was more commonly done by verbal instruction as in the case of discounts hy the Committees, (if course after a lapscof years an officer would find it difficult to recall what was the particular object of any particular disbursement, or alter many changes in the Boards of Directors to show written authority or receipt from any Com init:cc j but still this confidence in verbal orders is natural on the part of those engaged together daily in a great multiplicity of transactions, that written orders and instructions are not habitual Knowing little of the details of thosenisbursements my confidence was that all ol them would pass through some revision hy a competent committee before they were finally disposed of. Accordingly with regard to these identical dis bursements, made during tny administration, the whole of them were duly examined, reported up on by a committee, and confirmed by the Board, before I left the Bank, thechai man oflho <om milteo so reporting them, being the same indi vidual who is now chairman of the comrnit'ee of investigation. On the 2d July, 1838, the Dividend Commit . I tee, consisting of Mr. Lippincott, (Chairman.) Wain, Cabot, Lewis, and Vanderkeaip, made their report. They presented the profit and lose account, in ‘ which the leading item was— -1 1838. DR. , July 8. To bonus and permanent [■ expenses, $3,510,694 29 T his consisted of two items— , The Bonus $2,822,628 30 ■ And the permanent expenses, 688,031 99 —————— Makes exactly the $3,510,694 29 , The Committee say that “ the amount of pro fits arising from discounts, exchange, interest, and other sources during the last six months is I $1,998,808 08. Deducting from the sum atlthe ■ expenses and charges of the institution for the 1 same period amounting to $498 758 55, the nett ; profits will amount to $1,479,443 47.” Ho much for the current expenses. Now for the . permanent expenses, After giving some details of the business of the Bank, the Committee pro t coed: “ These turns, together with $5,256,978 08, • the balance remaining to the credit of Profit and Loss as reported hy die last Dividend Committee, 1 from an aggregate of $7,7:17,332 OS. Against ” which there are now charged the bonus paid fur e the chapter, and the pernsanenl expenses of the. Bank, amounting together to $3,510,694 29, y leaving a balance of nett profits of $4,216,687 80.” ft Aml liu ving so settled it, the Coin mittee propose — ■ “ That a dividend of four per cent, he now de " dared on the capital stock of this Bank. d “Signed. JOSHUA LIPPINCOTT, “Chairman of the Dividend Committee.” j Hero then is the Report of the Dividend Com o mittee, who before making the Dividend are of 0 course to examine the expenditures. Those - merely current they deduct at once from the cur -9 rent profits, those not arising from current ex -1 ponditurcs, and to ho gruuually spread like the t bonus over the whole surface of the diartcr, arc put with the bonus and form an item of Profit and Loss. Mr. Lippincott and the Dividend Coinmiitee report both—they have of course ex c am.ncd both, and recommend to the Board what •> to do with both. The Board adopts the report— S cba r ging the current expenses against the current " profits, and charging to Profit and Loss the ex penses of a more durable character under the > head of permanent expenses, it Remark the phraseology—" against which arc c now chaiged”—that is, for the first lime charged. - ’These disbursements were recorded as “ Pcnna o nent Expenses,” on a book called the “Slate of the Bank,” which was on the lajde of the Direc tors every day they met. And now the Dividend Comrnit'ee for the first time transferred them to Y the Profit and Loss account, it is this very trans fer—this change of place—this handling these o accounts and vouchers, which proves that the . Dividend Conimittccwilh Mr. Lippincott at their head had examined them and assigned to them a c _ new place. That ho and the Committee should not have examined Till these expenses with their t vouchers is incredible—and what makes the case . much stronger is that at that very time ho was ac s tually Chairman of the Committee on the slate of the Bank, in which other capacity it was made a his duty to examine these vouchers and oxpen y ses. “ Now this sum of $688,031 99 thus charged _ hy the Board to Profit and Loss, contained all the expenditures made during my adminispa t lion included in this sum of $618,000. - I repeat therefore what I began by asserting, e that the Committee knew perfectly well that ncar- C ly three hundred thousand dollars of these expen ' scs whirh they ascribe to me, were made since I left the Bank, and that the remainder was char ged to Profit and Loss by the Board of Directors . on the recommendation of this very Chairman of , the Committee of Investigation himself, c And now my dear sir, lei me ask, did you ever t hear if any thing like this on the face of the cailh—any thing so ungenerous—so unfair—so unjust! ° With great respect, yours, N. BIDDLE. 0 - Interesting Facts.—The Rev. Mr. Bacon - in his Address on Saturday, on the death of the - late President, referred to some very interesting » incidents in the Jilc of General Harrison’s ances ' tors. He spoke of the General’s father, Benjamin Harrison, as one of the signers of the Declaration t of Independence, and remarked that if that Declaration had not been sustained, its »ign -1 trs wou d have hern condemned to an ignom inous death, and their children would have heea ; Stigmatised, as the offspring of trait irs ! In such a failure, Benjamin Harrison would have met the L late of Major General T. Harrison, his ancestor, who was one ol the members of the British , Parliament that signed the Death Warrant of Charles 1. 'I he announcement of this fact caused i a very visible sensation—and the minds of must , present probably reverted to the circumstances j that within a rod of the pulpit from which the reverend orator was speaking, were reposing the , bodies of Code, Dixwell.and Walley, three other members of the same Parliament and signers ol , the same Death Warrant against the British King! l ucre is afuc simile of this Death Warrant with all the signatures and seals of the Judges, ; now in the Trumbull Gallery, and perhaps the ojtly one in the country. It was brought from , England and presented to the Gallery hy one of our fellow-citizens, from whom wo received the information of its Being within our reach and we took the first opportunity togratily our curios ity in an examination of it. The signature ol "T. Harrison” is in a large bold hand, and ts more nearly like Jefferson’s signature upon the Declaration of Independence than any other name upon it. indeed the T’s in both signatures are exactly alike. Benjamin Harrison’s signature, though til a smaller hand, has nevertheless con siderable resemblance to that of bis ancestor. How far in descent the hue General Harrison was from Harrison the regicide, (so called) we have notal present the means of knowing, hut it can be cash 1 ly ascertained. King Charles was beheaded on the 30dt of January, 1748 New Haven Pain - 1 dittm. 1 ( —— | Kingdom ol Jerusalem. I The project of connecting Palestine into art in- ‘ dependent Stale, to which the Jews might return 1 with an assurance of protection and security, ap- 1 pears to be seriously entertained by some of the 1 loading powers of Europe. A word from Prince 1 Mettenneh and Lord Palmerston would, it is sla- ted, settled the matter. The hallowing extract 1 from a letter received in this city from a gentle man of high standing in the literary and diplo- I malic circles of Berlin, dated Feb. 15, serves to t show that the subject has not been lost sight of, i and is perhaps brought nearer to some important . decision than the public has been aware of; " The allies having obtained their end [in Syria] I arc somewhat at a loss how to dispose of then I conquest. They arc seriously thinking of set- o .mg up or reviving a Christian kingdom at .fern- c salem—a project which seems to he received with , lavor at \ ionna. But then what are thev to do s with the other Christian population of Syria! I Phis is one of the questions which France lias , asked them. They arc now very anxious to draw L her trom the isolated position into which they r have forced her; as they find after all that they emmot permanently and satisfactorily settle the East without her concurrence!’’ ' I Gentlemen who have paid particular attention r to some of the remarkable prophecies of the H cr jp- n lures believe that they sec in the loading point- h cal events of the day many indications of the near approach of the millenium, when all nations shall be brought to the worship of the true God I he return of the Jewish nation to Paleaiin# and th ■ resumption of worship in the temple at Jeru salem, a-e regarded as among the events which must necessarily happen before that great pur pose is accomplished. The political movement here s| o'ten of. taken in connexion wiih the ef fort of missionaries, who have obtained a footing on almost e ery section of the globe, may serve to show that the millenium era is probably not as far distant as the thoughtless affect to believe, The subject is one that affords food for much re flection, and the proceedings of the all ed powers in regard to the Holy Land, will therefore be watched with absorbing interest.--->lmerfc<m Sen tinel. Breaches of Trust.—When a man accepts an office, it implies a promise that he will Uts eha gc its duties with fidelity. His honor is pledged even no poncuniary forfeiture is imposed. Every indiv dual of correct moral principle feels this lar more imperative than the mere pledge to repay money, because such obligations are often violated without soiling seriously the moral character. The position of Bank Director i-ono of deep responsibility. Stockholders confiding in the intelligence and integrity of certain gen tlemen, select them from their number to super intend the general operations of an institution. VV hen they accept the trust, they give the strong est taeit assurances that it shall be discharged with tearless fidelity. But how fallacious are these hopes, and how often is such confidence wantonly abused! Every hanking institution or monied corpora tion which explodes in this country, traces its oh l l y defects and hackslidings to the criminal absence ol watchfulness among Directors. For getting their obligations, they either omit theduly or confide it to those who almost invariably abuse it. \V hen the atfairs of a rotten institution are examined, and the cancer is probed to the bottom, it is usually found that peculation is prompted by the lust of gain, and the funds of the Bank have been gambled away by its officers for the most iniquitous purposes. The wretched instru ments of such frauds cither fly from the commu nity they have disgraced, or are arrested in their career of infamy, when ton late to save the insti tution from partial bankruptcy or utter ruin. In the meanwhile, the Directors, whose watch fulness have prevented the guilt on tho one hand and the pecuniary losses on the other, attempt to exculpate themselves under the wretched subter fuge of ignorance of the facts, or inability to at tend to their dulies! Cun a plea more iniquitous ho filed! Can a more unwarrantable moral delin quency bo named 1 Ignorance does not avail a culprit when arraigned at the bar of Justice. Neglect of duty ia even more worthy of punish ment, when it causes innocent and unsuspecting hearts to bleed, and the widow and the orphan lo depend upon the cold charities of tho world for bread. Directors of Banks and other important institutions hold places of high moral as well as pecuniary accountability. Too often they are indiflerer.t to the manner in which they discharge their duties. Such indifference inflicts a wrong upon themselves, upon society and upon individ ual officers. It is criminal in tho highest degree, because it betrays a confidence placed where no one supposed it would he betrayed. Bank Diroc. tors should decline duties they cannot perform, and if they are incapable of meeting tho expecta t ons of stockholders, they|f.should peremptorily resign. Knowing their duties, they should eschew tile wrong, and the right pursue, or be held personally responsible for the consequences. North American, A Shocking Accident—A vessel emplovcd to keep up the communication across the Danube while tho Pontoon bridge is under repair struck’ on the night of tho lOtli March against one ol ihe pontoons and was upset. There were thirty pas sengers on board, nearly all of whom perished. The Death ol a Debtor. lIT CItA It I.ES DICKENS. The turnkey led the way in silence, and gently raising the latch of the room door, motioned to Mr. Pickwick to enter. It was a large, bare, de solate room, with a number of slump bedsteada made of iron, on one of which lav the shadow of a man, wan, pale and ghastly. His breathing was hard and thick, and he moaned painfully as it came and went. At the bedside sol a short old man m a coblcr’s apron, who, by tho aid of a pair of horn spect icles, was reading from the Bible aloud. It was the fortunate legatee; the sick man laid his hand on his attendant’s arm and. motioned him to stop. He cosed the book and laid It on the lied - Open the window ” said the sick man. He did so. The noise of car nages and carls, the rattle of wheels, the. tries of men and boys—all the busy sounds of a mighty multitude instinct with life and occupation blended into one deep murmur, floated into the room. Above the loud hum rose from time to lime a boisterous laugh or « scrap of a song shouted forth by one of the giddy crowd, would strike upon the ear for an instant, and then be ost amid the roar of voices and the tramp of footsteps the breaking of tho billows of the rest less sea of life that rolled heavily on without 1 hese are melanchaly sounds to a quiet listene at any lime, hut how melancholy to the watcher by the bed of death! “There is no air here,” said the sick man. faintly. “ The place pollutes i ; it was fresh around about where I walked three weeks ago. hut it glows hot and heavy in passing those walls; I cannot breathe it.” “ We have breathed it together a long time/* said the man. “ Come, come!” There was a short silence, during which the spectators approached the bed, The sick man drew the hand of his fehow-p t i 30 ner towards him! and pressing a affectionately between both his own, retained it in his grasp. “ I hope,” ho gasped after a while, so faintly that they bent their curs close over the bed to catch the half formed sounds his cold. blue bps gave vent to " I hope my merciful Judge will bear in mind my licavy punishment on earth. Twenty y.-„ rH friend, twenty years in this hideous , rave . My heart broke when my child died, and I did nth sTe ffil ln .h 8 llUl -° C ° fl ‘ n ’ ’ M y loneliness ?“,' l en ail this ntusc an d riot has been very my solitary Linger,ng'Zih.”’ Ho* folded“h> over the pillow drew hastily back. “Ho has got his discharge, said the man. Ho had. Butfo had grown so like death in life that they knew not when ho died. y r A T TEMPT to TkTiiTVit,, China ■ n 1/,iß or IVBS a Hmgham sloop „f about 4U ons bin then, commanded by Capt. Hallet. sailed from Boston Intended for Canton, loaded w i ginseng root, but put into the Cape of Good B 11 I hero wore lying there some English sinew ’ npe ,‘ home from Canton, tho captains of which ,‘ J ? und feel pleased that tho enterprising Vaul ‘ dl< ~ot go to Canton, and olleied to give him ee ahould of hyson tea in exchange for cue u lw ° P ounds sing root I Captain Hallet ace/ uu , nd , of 8*>»" sold all his ginseng root, loaded , p . t ‘ ,u o,ler ’ tea, ami returned lo Boston. >• . * bIoo P w “h profitable voyage. This ' ,av ‘ n »' ma di‘ a very been the first attempt “ BU PP»aed lo have mcnco the Canton trade ,h * American 3,0 com- I A young lady oner u- , " 1 ' her thtmblu was ncr i hmtec 10 a gentleman that reward she should ‘ r y . worn out > anJ ashed what made answer or .u for ller “idustry. He , her a. new one. by Bendin S i , with the following lines: ■» I send al' • ~ , Which 1 y fingers nimble, • t will p _“PC will fit, when you try it i j As thy , y ° u '° n ß' if 11 8 half as strong, ' j • hipt Which you gave me to buy it ’■ ,!) a