About Savannah daily republican. (Savannah, Ga.) 1818-1824 | View Entire Issue (June 7, 1819)
Suwiat ■SAVA^iitt UEPUBl | m-vaxmnmK sapell, (cm rms-mi. ’Daily paper S8—.country &6, per annum, Huui ra autaiC*. JMro* and new Advertisements appear m both paper**-lind'stopt by' orrfer on)y-C0 OUR OfV.V COA'CERA'S-agamt. 'Those in the city who are indebted tar the R»:rc»Lic»x and an7rmrtai»o, for one year and upward*, are informed, that their ac count* are made out, and will, in a few days, be placed in the bands of a special collector, with -wham they are requested to cause an early adjust ment. in any instance where there is a willingness but an absolute inability to pay, the most reason, able indulgence will be allowed; but those who are able, have no right to expect indulgence after the first of-July next. Those subscribers in the country who hate not paid up their subscriptions for the last two years, ore reminded, that we daily expect favorable news from them. UTe want none but punctual ran*® SHtbscnbers. £5* I hereby give notice, that, if any person shall receive from any of the carri ers of the Savimua Rircafican any papers, un Jess they shall have "been regularly subscribed for at this office, such person or persons will be pro secuted for the same. A liberal -reward will be pail forartv infOrmalitn thereof being given a’ th s office.' THE EDITOR. jf'nm Me Charlatan Courier. Nassau, (n- p ) April 7. ■ Sir Gregor M'Grfgar suit suite arrived at Port Royal, On the 15th ultiil o, in the schooner -Harriet under Swedish colors, r.s stilted, fur ft supply of water. Being front St. Domingo, it wa« officially notified it him by the.custom house that the vesse must proceed to sea, ami that he was rot at liberty to land without the 8i net ion of tin* governor, who however granted necessary permission. "Phey sailed again on th 17il’ but thc.vesscl having sprung aleak, shortly after returned into port. It w as reported that eight vessels composing sir Gregor- squadron) with'troopssaled from the Isle of Va< he on the 11 th, and patted with theHar rit toff the East end of Jamaica. Their object was said to be Carthagenia—or tiic Isthmus of Darien. April 1 A letter from Kingston of 27 ultimo, re ports the seizure there of sir Gregor Mac- Gregor’s schooner, with COO Maud of-arm- gftd all his wines.—-This is the Harriet, we presume in which sir Gregor M'Gregor ar jived from St. Domingo under Swedish colours, as mentioned in a former pa per. May 5. The Kingston Chronicle ofGth ult. states thiit, it is understood, that an order of the Spanish government, brought out by H. M. •B. Wasp captain Carter, (which arrived theprecedingdav from Portsmouth) direct- the port ofLa Vera Cruz to be opened to •all vessels having British registers, and na Vigated under the British fbg, with the tnatiufactuie* of the Biitish empire, sub ject to ad valorem duties upon the invoices; —the rates not ascertained; all other na tions are said to be excluded. Kingston (jam ) April 5. The schooner Casador, Lindbergh, of 5 tjruns and 35 men, under the republican &ig of Buenos Ayres, in 12 days from old -Providence, came to anchor at Port Royal on Saturday afternoon. The schooner Providence, captain Pat person, fitted out in the United States of America, is stated to have been enndemn- fct Old Providence for having assumed, as ‘a cover to her depredations the flsg of Bu tenes Ayres and committed different ■•Bets of. piracy on the high seas under the same.' Eight vessel armed for the service of the independents, were at Old Providence twelve days ago. " e Casa When the Casador left Old Providence Do part oPSir Gregor M-Gtegoi’a expedi tion had arrived at St. Andreas, nor was there any positive information respecting its destination; but it was generally suppo sed that Xapoti, 20 miles to leeward of -Carthageaa, would b« the point of attack. April 13. Accounts received via, Maracuybo, rep resented the royal caus*in Venezuela tv be most pr«sperous. The independents were defeated in every direction. Moril- in’s X.-my was composed of 22000 men, a Igreat ppportion of whom were Creoles.^An -altercation had arisen, it is asserted, be tween Bolivar and colonel English, res pecting some circumstances in the manage ment of the troops, which was deemed to lie jnsooordinaie nn the part of the latter, ■Snd he was allured to a ceitain, d.strict: with s. promise that his wishes would be Complied with, when lie was tried by a sutn- trury court martial, composed mostly of •foreigners, and sentenced to be Bhot, which was carried into execution soon »f- ?er. The number of British troops which had arrived to join the Independents, was greatly inagnifivd. they were note third of A»f the'quantity which had been stated. Bridgetown (bar.) January 25. Subjoined is the purport of a letter found in a bottle, in front of Plantations Maids, (Correntiue,Coaat Berbice,) ou the Bth in»t. The original is in French. ‘•Friday, 13th November, ISIS. “I w rite this, under the dread of either tnixsing Cayenne to morrow,-pr of perish ing in the attempt to make it. , 1 am desirous that this letter should Teach Mr. Bernard, sent- ^planter in Cay enne, and who I beg not to grieve himself •—he has a good brother, my daughter Lau ra, and her little ones left to console him. t recommend to his care my little-Caroline Vrlwm l have left boarded (restee en pen- tttex) at Nantes, and who ip losing her taothfcr* loom her ell—her father being Vt«y eij.' ; - - Mb. .c', : ‘ .' "'W ,..ff \ : - ’ ~M± •• • ' mbarited file 1st- of August, with my nufacturing companies, are before the Ie iwojKnghUp, Albertina de - • Fanny, and we haVe been tossing *1.^ the sea ever since—the captain of our brig the Hope, (L Esperance) of Berdeaux carried us, without knowing any better to the coast of Africa;In Z5 degrees of longi-' tode, and in the latitude of Sierra Leone, he supposed himself off Cayenne, when he fell in with a vesseffrom New York,bound to Bueuos Ayres called the Horatio, the master of which shewed him where he real ly was—he then stood again to the west ward, and approached near the land, has (his evening anchored cUse to it, entirely ignorant where he is. We were this morning in latitude -4, 32, and have mad little way since, but as he intends getting under weigh to-morrow morning, and ieav ing this hole, which he calls the Bag of Ap rooapue, I am of opinion that he will either run us into the breakers between the Grand Constable (Grand Connetable) and thr land, or else ‘miss Cayenne altogether.- My children are gay and unconcerned out me, alas! I tremble at being in such ig norant lia»>ds; “Adue my childrer; if we perish, send up your prayers and supplications lor me aocTyour sisters, and preserve us in your remembrance, the idea ut which I feel to be as necessary to me as existence itself. (Signed) “Mariah Charlotte Gjut Darpaire, wid ow of the late Monsieur De la Grave and now wife of Monsieur Saladier contractor of the Post at Nantes “My father is at Ar.goulpme’ “Monsieur Bernard Amo, at Cayen The London Courier of the 12th -of April, says—An attempt has been made ,o poison the emperor ot Austria, in hi passage through Mantua. This diabolical design, it seems, was meditated by a set »f eformers. called the Carbonari, tertai united individuals who imagine that Italy can never be well governed till all its ra ious states are urnit-d under one sceptre, l'he political relations of the house of Aus tria with the north of Italy are an obstacle n the way ol this scheme—and with a d gree of folly, equalled only by the atrocity of the design, it appears to have been be lieved, that destroying the head of tha house would annihilate, also, (lie matureo policy of Europe which dete; mined the sting condition of Italy. The absurdity of this supposition might excite only oui derision, were it not tor the profligacy ntentioii witH which it is united. Assas sination seems to be a growl g favorite with .the professors of libeial di ctriues all over the world. It is an cxpednioua rem edy for suppositious wrings, wi !l suited to the motives of those who complain.— And we observe, there is always a mis hievous spirit of ingenuity at work contrive palliatives for th. abhorrence of mankind at such atrocities. Thus, th. Morning Chronicle thinks it -‘at least ns probable, that the conspiracy alluded to has been chargee upon th<; members of tbi sect, or secret society, as a pretext to jus tify still harsher measures against them as that any of thorn Aiad actually com pa cd the death of the Emperor of Austria. From the Antional Inielligt r.cer. .May 29. S TA TE COACH HA'S. Massachusetts.—’The !i gislafure the staK meets about this time. There is some doubt as to its political complexion It is pretty certain there is a majority in favor ol the separation of Maine frnin th tate,and that the question will be again submitted to the people. To counterbai auce, in some measure, the Republican gain in Maine, Boston has this year chosen forty five representatives; • ach town imv inga right, under a provision of the con titution of that state, to elect, (or cot, as it may chuse) one representative fur a sta ted number oi rateable polls. The Bos ton host of the present year, as it is faml iarly called, consists, it is said, of gentle men of the following professions: 18 Merchants and Importers. 2 Capitalists. 15 Mechanics, Editors, a..d Manufac turers. 1 Auctioneer. * 9 Counsellors and Attornies. Conneiticut — The legislature is session, ar.d appears to be busily eugaged, hiring the first session under the new con stitutioo. A motion to repeal the law passed fast vear, to reduce tiie superior judges from nine to five,-was rejected tv the castiri ote. of the spotter A committee hail been raised to report or. the expediency of vying a tax of one dollar on passengers passing through Connecticut, in steam toats—the proceetfs of which, it had been proposed, should be appropriated to en courage agriculture, manufactures, and the cod bud whale fi-heries. Among the private petitions read, ' va one from a Rev. Daniel Parker, praying to be exempted from arrest for debt for five years. He sets forth, that he hail been a settled clergyman—hau specula ted—had become involved and obliged to leave the state; and that during his etxile tie had been censured and expelled by hit Ecclesiastical brethren; and that wish ing to return to demand a new trial, he solicited the exemption prayed for. The house rejected the application unanimous- ly. The house of representatives, on Fri day last, made choice of Messrs. S T. Ilosmer, J. T. Peters. Jisi Chapmen, J G Brainard arid ffnt Bristol, as judges of th superior court. The senate made choice of the same gentlemen, except, Mr. Brainard, who is a federalist; in his place they elected Mr. Lc.nm.an. We have not learned which house has given up its candidate. A bill has been before the legislature authorising trial by jury before justices of the peace; which, however, was reject ed- Bills for the incorporation of a cojisi- derabl* numoer of cotton Kit weoHenjni- #: * gislature. New-York—In this slate it is yet un* certain which of the three parties has ob-f tamed -a majority in the legislature.— Among the citizens elected to be state senators at the recent ejection, is Gideon Granger, formerly Postmaster? General. Among those/lected to the house ot as sembly, is John B. Spencer, a repre sentative in tiie last congress from that state. coxiiuxicatis ion thi richmosb mvar.nin. POLITICAL ECOA'OJUT. The value of money, like that ot every other article, depends upon the supply and demand for it. Were there butone coun try in the world, it would make very little difference how much money was in it; whe ther there were one or two millions of pie ces. One million would be as sufficient to circulate its exchangeable commodities, as if there were two. A bushel ob wheat would indeed only be worth one piece, in stead of two; but would every other arti cle differ in that proportion; and thus, though every article would be represented by half the number of pieces, yet as every article would be in the same proportion in regard to money, their relative, value with respect to each other 'would remain the same. There would, it is tiue, be some difference in the uses to which we would apply the money itself, if it consisted of the precious metals; for these, being not only the medium of exchange, but having an intrinsic value of their own, would be more or less used for other purposes. If they were more abundant, more of them would be melted down for plate, for do mestic utensils, #c- But while they re main'd in the shape of money, the great difference would be, thata man would have twice as large or twice as many pieces in his pocket, and that every article would require twice as many pieces to pay (of it. This is also true with respect to the whole commercial world, consisting of ma ny countries. For let the mines pour more metal into the market, and if the de mand does not keep pace with the supply every article will nominally rise in value, though the flood may not be felt precisely at the same moment throughout the whole world. It will take 9»me little time to equalize the supply; but that supply will sooner or later be made. Coin being 6o portable; having so much value in so small a bulk, will easily pass to the country where it is most wanting. What then is meant by a want or excess of money in one country? Where there.is more money in proportion to the commodities it circulates than in another, it is said to be excessive in the one, and deficient in the other; it is ol course worth less in the former than in the latter; and will >n the course of trade leadily pass from the one to the other. "lie multiplication of paper money through the commercial world would have nearly the same effects upon price, as the liseiivery of new mines. AH articles would nominally sell for more, provided the increase of the quantity of articles to he circulated did n»t keep pace with the issues of paper. If in one country a larger flood of paper money was poured out in proportion t» its circulation, than in ano ther, the effect would nearly be the same as if a new mine of precioas metal was opened in it. Some portion of its money would leave it, but as its paper is of little or no value out of the country, it would be that portion of its currency consisting of gold and silver, which would be select- ed for transportation. If the banks con tinned to issue more and mo.-e paper, it would ebb back upon them to be exchang ed for gold and silver; which would again he shipped through those channels of com merce which were most in want of the gold or silver. Thus one link would follow another. Thus a country might be almost flooded with a paper currency; while it would be gradually drained of its precious metals. The banks might issue the paper but it would come back upon them for gold and lilver- If they overdealt, that is, if they lent too much of their own paper in exchange for that of individuals, their drawers might be filled with the negotia ble paper of individuals in lieu of their own paper, but the stream of the precious me tals would run low in their vaults. Their over-dealing would lead to the over-deil- ing of individuals;—who would speculate in the wildest projects, or launch out in tne idlest extravagance; and when the bank called upon them to meet their paper they ivould find their means so wasted or so vested, as to be incompetent to meet their notes without ruin or the deepest distress Such is the general picture of the times— these times so much “out of joint,” as to puzzle the most euiightened statesman for means of settling them, ’there isa thick haos before us; but wheie is the mind which, in these times, can pronounce, “let there be light”? It is true that the East India trade drains offa large quantity of our silver; for, we have scarcely any thi’ng else but a little inseng that we can ship to pay for the oods we buy in the Indies. Our silver oes therefore to this purpose; butitisour excessive paper circulation that prepares the way and contributes in the most ma terial degree to this traffic. Our silver seeks that vent,’ because we have more oc casion for it in that way, than any other But is it hot our excessive circulation that helps to feed that trade? We have too much money among us; money is the very thing, indeed almost the only thing that wanting for that branch of' trade; is it strange then that the surplus ol it ieould go out in that direction? India goods were indeed cheap; merchants would have found it their interests to buy some of them to sell here, and elsewhere; this trade ou'd therefoie have been to a’certain de- ree carried on by us; but not near to the same extent, as it has been, if our circula ting^ medium bad not been so great—be- i-at3fe Hje aiticle which they shipped (viz. aitrlrjbeing lo much cheaper hero, thoy could afford to carry on their trade en better terms. Our jjanks haTe been so ma ny depots where they found the ^precious metals collected together instead of their being at the trouble aod expence of pick ing them up, piece By piece, over the whole country. One piece of paper stamped with a glOO, is the 9ame as 100 different pieces of silver. Those wbn ship it to the East Indies have themselves generally to buy this sil ver at an advance. They buy it of men who make it their business to turn bank paper into specie; and who do it principal ly by procouring .paper where it is below par and presenting it*at the issuing bank to be converted into gold and silver. It is idle to declaim against these brokers— these money changers who would defile the temple itself. How sweep eff these vermin who continually tease the banks without reducing the banking system which they feed and fatten: The’ form one intrument by which the surpln circulation is drawn off. The India tner chant, instead of being at the truuble-or injuring the odium of going himself to the banks with the rebundant paper, pays the tinker for doing it. I have said paper which is below par, fo? even though it to convertible at the bank into specie, yet when it wanders beyond the immediate vi cinity of the bank, if it be only, used foi certain purposes, and not for others, or il It be not as suitable as other paper, it wiil depreciate below specie, and some will even try to depreciate it below that other paper, itself. But there is scarely any one bank, though it professes to pay in rpecie, at whose counter the holder of a branch note c an get any sort of specie he wants. We do not always like to ask them for specie, when we knew they wish ti keep it—Their notes can scarcely,there fore oe said in every respect to be equa to silver dollars. Let us then sum up. The multiplica tion and mismanagement of our bank have caused an enormous speculation and extravagance on the part of individuals.— They have run in debt to the banks. The hanks issued a flood of paper, for which they are in debt to the public. They hold the notes of A. B. and C.—wnile D. E and F. G. etc. etc. hold the notes of the banks The circulation begins to be too full; w have too much money; and the notes of the bank go back upon it for specie to be ship ped. The bank lias either to buy inure specie te replenish its vaults, to call in its paper, or to do both. But huw replenish' It is easy enough to make paper: it is diffi cult to obtain coin. To import specie from abroad, is expensive; and of late, few banks, except the United States bank have done it; and lately the United States hank fluffing that means expensive and be ing called on in its turn for specie to be shipped, trifes to get specie for itself out of the state bang funds. 1st. It worms itself- into the favor of individuals, and thus gets their deposits in other banks transferred to itself—this gives it one claim to draw up un thestatebanks;2d. Receiving the Uuited States dues, and having little paper of its own out, it receives the state notes for du ty bonds,etc. and thus increases its balan ces against the state banks. These balan ces it now faithfully calls for: sometimes hy way of favor in weekly instalment* hut sometimes also to a considerable amount. The state banks, then, being partly call ed oo Dy individuals to-redeem its notes and partly by the United States’ bank to liquidate their balances in cash, and una ble or unwilling to replenish their vaults from abroad or at home, are induced to call in their own paper. This is done by calf ing on individuals to pay up their negotia hie notes in whole or in part. “You may cal) spirits from the vasty deep; but will they come if yon do call them?” Indivtdu als have materially wasted or vested their means. They cannot command money in such quantities as the hank calls jfor it.— Money gets scarcer and scarcer. Every turn of the wheel strefehes their sinews more and more. All property depreciates in proportion to money.. No description of it will command money but at great sac rifice. The worst of the debtors’ situation is, that he is called on to pay his debt in medium which has increased in value, perhaps 50 or 100 per cent, since he made the loan. His debt therefore may be said to be increased’in that proportion. The banks sustain immense losses by failures. They receive from their debtors, instead ot money, depreciated property of various sorts What, with the. i eduction of these discounts, and what with bad d> bts, their divide.nds decrease, and /with them the value of their stocks. The banks say to their customers. “We must injure yott- or our stockholders. If we do not call in our paper, our vaults will be drained; and bankruptcy stares us in the face.” One of the worst effects of this state of thing is; that confidence between man and man is shaken; and that though there may be means to pay the bank, the superflux of some cannot be emylnyed to supply the wants of others. A general distrust and distress pervade the banking world. Such is the sketch of the times—such is the effect of that excess in banking which the American people have suffered to creep in among them. Some good will however come of this state of things. Our moral character will be chastened; the physic is indeed severe;thing&aught to wind up; but ought not the cure to be effected with as little ruin as possible? Ought they to wind up taster than is prudent? “.Jre they not wiuding up too fast, and with too much panic?” ECONOMICUS. IBOM TH* DALTUTOnz TELXGH1FB, Mil 27. DISTRESSES. We have several times adverted to the stresses of the day, and should feel tim id in resuming the subject, wereitnat the.. paramount -topic in all papeis^ in all places, aod cn all occasiop*-. The famous South Sea scheme in England; the execra ted Mississippi scheme in France each produced in their toreg (he game terror— the same ruin, and thc.samc distress which our cityrfeels a.t ttiis juncture. ’^Iie fal lacy ol our banking 'sy items was never so obvious as now; and u hi!c. we see our monied institution en the verge of rum our wealthiest, and some of our worthiest citizens falling about us—their tributaries without subsistence, and their creditors without redress, we cannot wonder that so many rapid revolutions are rn.’de in our systems of finance and economy; nor can we be surprised that so many are stripping off the tawdry trimmings of disfmnoura- ble vanity, and mourning, though too late, that their pi ide has carried them beyond their resources, and ha< lelt them beyond the reach of relief The gay crovd of fashionists, that but yesteidaj were strut ting in Market street, in all the pomp of haughty ostentation, are no more seen. The streets are now thronged ouiy w ith astonished victims, studying their various inodes of ruin or remedy.' The sober reality has at .last found its way to the toilette: wives and daughters now hear the 6tory of distress, and are told that their gay gew gaws must be laid aside; that routs and plays must be re linquished; that industry must take the place of luxurious indolence, and that pride must yield to poverty, or the draw- N (JVr coin, mg room be exchanged for the gaol. whole city presents an .aspect of glooiV which w ould hardly be equalled during the reign of pestilence—and, though we are tar from wishing to give strangers the a- farm, we feel a conviction that thp shock of this period wiil carry us back witli .a retro-gression more rapid than our ad vance, and will fur years shoiid many a face with mourning that has been always a stranger to care; long will our industry toil in vain to repair this vast wreck of its ffoits, and long will it mourn over our crumbling ptlaccs,.bcfore. the work of re demption is accomplished. Baltimore, May 29. A necessary arrangement at the city batik of Baltimore, yesterday, excited, a partial alarm, chiefly among the laboring class of citizens, respecting bank paper, and caused a number of small demands for specie on several of the other banks, which was renewed this morning. These demands were met so promptly, that the public confidence was soon restored. Ex cept in a few instances the 6unis deman ded were very small, a great proportion of them, both in number and amount, did not exceed ten dollars from each claimant, and very many of them were for one and two dollars. At the Macliani s’ bank of Baltimore, where the greatest numbet of claims were made, several of the directors attended to assist the officers of the bank, and by this means a vast crowd ol.demands were sat isfied in a short period, so that before twelve o’clock to-day, scarcely a solitary claimant remained, aod the demand' has now wholly ceased. A gratifying instance of the confidence*' reposed in the Machauic’s bank of this city, came fo our knowledge this inorningf during the run which was made upnn that institution for specie. A Lady .-.ame to . say, that she had laid by a f :w hundred . Spanish dollars, which if the bank wanted them, were enfirelyatits service. A num ber of respectable citizens, also proved their confidence in each of the banks, by making deposits of specie. As an act of justice, which we have much plexsure in performing, we add, that the several respectable exchange offi cers in this city have evinced, on this »r. casion, an active and friendly liberality in their conduct, which has been highly useful in aiding the banks to quiet the alaim which prevailed; for this meritorious con duct they will receive as they deserve, the thanks of their fellow-citizens. That one or two citizens have acted otherwise than friendly to the banks we sincerely regret, and hope that on reflection, they wiif he sensible of the impropriety of assisting to increase an unnecessary excitement. The friendly conduct of all the otbei bauks in this city to those on which de mands were made, is highly honorable to their respective officers and directors; and, the increase of confidence in (liesafe- ty of our monied institutions which must be the result of this judicious conduct, will render the short excitement which w« have experienced a benefit to our city.—- Gazette Revolutionary Soldiers of Connecticut. Among the applicants for pensions was Lt. M. who obtained his title hy his valor. His declaration was made oot in due form, and certified hy the judge, who knew him well, and could saftly attest his merits and his services. The needy veteran possessed an infirmity, which rendered him unable to write his name, and, in sign ing the necessaiy documents, he could onV ly make his mark. At the storming or fort Montgomery by the British, he was iu the actof touching off a cannon, loaded to the rnuzle with every kind of missile, when a shot carried away his arm, and the match dropped upon the ground; he imme diately seized it with his left hand, aod fired the piece, at the very point, and the very instaut the British were eutering the fort, which swept down a whole phalanx of the foe. Fur this heroic action he was honored with a commission; hut in his old age he could not write his name with his Ift hand. Jin-ither of these venerable men, trem bling with age, applied fui the necessi ry papers to obtain a pension. The judge inquired where he had served. “\V u y, first, (said h^,) in the old French war.” Ah, says the judge, you cannot < btain a. pension for services at thu period. Did you serve iu the revolutionary army? O yes 1 served all the war. I was at he battle of Buuker’s-hit!—afterward* at Long Island, and the capture of the rssiansat Trenton—I was at the attack Germantown, and the battle of Mun- moifth—and finally, at the capture and seize of Yorktown, in Virginia; and,“add- ' the old mao, bis eyes rekindling wuk ■*A ■
