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^SJlVAAVfJlH jREP UBLICJLh’.
FREDERICK 8. .FELL,
0 crrr pmvtef.
PATABLE IS ADVANCE.
'no* «n xnr joK ITUIH ran, 4th ixxiaXT.
FOREIGN" EXTRACTS.
A letter to the editor of the tiondon
’Courier, from Manchester, August I
state* that the spinners, tu the number
14,000, *1111 continue to bid defiance
•their employer*, and are subsisting upon
their own limited mean*. Hit* combina
tion of the laborers appears-to be quite ex
tensive; and it is even stated that remit
tances to these deluded people have been
- made from the mechanics of London.—
'Some of the English pagers speak with
trembling upon the subject, and ^attribute
the disorders to the seditions writings and
secret machinations of the Black Dwarf
■skid company.
The Courier mentions the return of
-some of the modern reformers, who last
year emigrated to America, after cutting
a conspicuous figure in the reform jour
nals, on the subject of “American earn
"ing*.”
A singular' circumstance is mentioned
as having taken place on board the ship
'Emanuel, captain Springal, bound to El-
ainore. As captain 8. was sailing by the
'gun-fleet beacon, in the Swin, about 16
miles from land, the'vessel-was suddenly
-visited by millions of wasps; and although
the crew-kept sweeping the deck and gun
wale as they fell, they wete assailed with
Successive swarms for foil four hours.
By accounts from Constantinople, it-rp
•pears that the difficulties between Russia
Slid the Porte, are not yet .-.Justed. Ba
ron Stroganoff, the Russian minister, pre
tented a note to the divan, containing i
recapitulation of all the affairs between
the two governments, on the 34th of May.
Both powers claim the administration of
‘the principalities nf Moldavia and YYal
lacltia; and it seems the Turks have im
-posed a tax uf two millions of - piastres oh
the former.
On the 28th July, the king of France
'set out on a visit to the castle of Ratnboul-
liet—a place which he has not previously
visited for the last thirty years. Great
•preparations were of course making for his
reception.
A letter from the head<-quartersatCham
’bray, states positively'that the army of oc
cupation wilt leave France about the 1st
of October. The Russians will embark at
Dunkirk; the'Germans will retire across
-the Rhine; and the English will return by
the way of Boulogne and Calias.
The affair betweeu the duke of Welling
ton and the editor of a paper at Brussels,
is finally terminated. It will be recollect
cd that the charge against the duke, was,
•that he endeavored.to exert an undue in
-flueuce over the government of France:
and had betrayed the high trust confided
to him by the allied powers.
The London Courier has violently at
-tacked the character of general Jackson
ville doughty occupier of Pensacola,” as
Tie is sneenngly called, The Morning
'Chronicle, the most respectable of the op
position papers, had published a biogra
pliic'l sketch of the general, which did not
quite suit the Courier. Jackson is accus
ed of having rendered himself famous for
tho number of duels he has fought.—
Among other things, it is stated of him by
the Chronicle, “that he was formerly a
judge; and when he was. once presiding in
that capacity, a criminal on his circuit had
escaped from the officers of justice.—
Judge Jackson ordered the sheriff to raise
Ihc posse to pursue the offender, and ad
vised him to summon him (Jackson)
among others. The judge accordingly
'ivent at the head of the posse, and shot
the offender (who resisted) with his oirn
hand. He then retorned to the judgement
seat, received the report of the resistance
and death of the iodividual, and gave an
order for his burial in due form. The
Courier, however, remarks, “we can hard
ly believe that any thing so offensive to
public decorum could be committed even
in America/” Very fine indeed'. We
can assure the Courier, that these sneers
and supercilious airs, are justly appreciat
ed in this country. And we can also as
sure the Chronicle, that if he is. as lie pro
fesses to' be, friendly to the American
character, he had better avail himself ol
some other way of evidencing his good
opinions of us, than to vend such foul and
groundless slanders. We venture to say,
that the above anecdote was never before
heard of in America. Though an attempt
i* made tu draw invidious comparisons be
tween American judges and lord Ellenbo-
rough, these editors are informed, that oor
juridicial benches are adorned with judges
who for talents and legal acquirements,
would nut suffer by a comparison with any
in the world.
Lon-dov, July 27.
The following is an extract of a letter
from Hamburgh, dated the 17th inst
“The discussions at Frankfort on the
Maine, relative to the military concerns
of tiie German confederation, have been
carried on with so much violence, that af
ter the interchange of reproachful words
among the members, the sitting, uuable to
arrive at any conclusion, was formally
prorogued- Couriers were immediately
dispatched by the members of the Diet to
their respective courts, whose return is
anxiously luoked for, as the session can
not, till then, recommence its proceedings.
It is apprehended that this matter will
cause disagreeable consequences. Three
mentJers of the Hamburgh senate, Messrs.
H-isse, Jencqncl and Siilcm have been
formed into a commission to superintend
the distrioation of the sum of twenty mil.
lions of francs, shortly to be paid by
France among those persons who are enti
tled factions of it.
Unerasing prosperity oTOknaerce in Loo
don nas produced a corresponding effect
at Hamburgh. The price.mf coffee, rice,
aeed% and other articlesmhsve advanced
materially
We have nWived thCTnorning.the Pa
ris papers of Friday last, from which .the
following are extracts. The funds liavd
risen again. General Canuel has been
committed to prison, where he is placed
solitary confinement. The-tpeecb of con
gratoiation of the new king of Sweden by
tiie French ambassador at Stockholm,. ir
somewhat carious, even in this age, so fer
tile of wonders. Who would have been
bold enough to hint as a possibility, five
years ago, that Bernadotte would be com
plimented nppn his regal dignity by
T?
reports of-the | Savannah on the 8th of June, and
' " made the whole voyage in the remarkably
short period of 75 days, including the de-
lays of lading and unlading. To the po
Ruses* of rapt. C. we are indebted for > J
Wind slow’s (English) Havre pric? current
of Angus t 7. ?
Coffee Mart, and Guad. green,2 60 a 270;
do. fo. ordinary, S 55 a 2 65; Java, 255 a
65; Bourbon, 2 60 a 2 70.
Cotton Georgia, sea island, 4 85 a
do. inland, 2 60 a 2 80; Louisiana, 2 65
2 751-
Rice Carolina, 55 a 60; East India, 26
29; Brazil, S5 a S7.
Tabaeco Virginia, 70 a 80; Georgia,
55 a 65; Carolina, 70 a 77; Kentucky, 70
a 72.
ambassador from Louis XVIII
The seizure of Pensacola by.the United
States, is an event which naturally excito*
public attention; and the more so, becaase
it is as yet unaccompanied by 5uy explana -
tory matter which would enable one to
form a judgement upon its true character
A general opinion seems to prevail, that
the affair has taken place contrary to
the wishes of the American government
by general Jackson. This step, if taken,,
ainliffollowed upby the punishment of that
officer, may be sufficient to conciliate the
wounded feelings of-Spain, and too nice ai
inquiry into instructions would then be ill
timed curiosity. But there is aniitix-
mode in which it has been surmised thi
affair between Spain and America may bi
settled,whichrequiresalittlenotioe. “W
have good reason to believe” observes
morning paper of yesterday, “that an ap
peal will be made by Spain to the greatal
lied powers of Europe for an adjustment
differences by their mediation.” O
course, this appeal must be made by both
the letigants; but America has solemnly
declared her intention not to unite in suci
a reference. In the long historical lettei
frsm John Quincy Adams to Don Onis,
dated May ’2,1818, is the following pas
sage:—“ The United States in justice tr
themselves, in justice to that harmony,
which they earnestly desire to cultivat-
with all the powers of Europe, in justic
to that fundamental system of policy,
which forbids them from entering th>
labyrinth of European politics, must de
cline soliciting or according to the interler
ence of any other government of Europe
for the settlement of their differences with
Spain.” Aftsr this assurance, the ques
tion of mediation is wholly at rest.
With respect to ■ the commerce of the
country in general, it appears that the im
ports and exports of last year exceeded
those of the year preceding, the former by
3,380 1171. the latter by 1,188,532l. :
and as to purchase branches of trade,
which are steadily advancing, we need
only mention the intercourse between the
port of Liverpool and the East Indie*
In the year 1814, Liverpool dispatched
only one ship to the East Indies, and that
ship was 5i2 tons. In 1817 however we
find her sending tu the same quarter no less
than twenty-six ships, of which the aggre
gate tonnage was 10,876 tuns. It was in
1816 that'tnc trade'took the great start
for in that year sixteen ships were expe
dited. If we look to the return which
Liverpool received from India, which
shall perceive much about the same ratio
of increase. In 1814 uo return cargo was
made, whilst in 1817 this branch of com
merce reached to fifteen ships, whose ton
nage amounted to 6426 tons.
Four American vessels were met in the
Baltic about ten days since, proceeding to
St. Petersburg in ballast, in order to load
with naval stores, with .which they were
directed home, as speedily as possible.—
This is far from being the first instance
that has come to our koowledge of the con
signees of the. Americans to provide them
selves not merely with naval stores, but
with ammunition and artillery. Most ol
the American ships which leave the
Thames, carry ourmilitaiy stores in great
abundance; cannon balls, pieces of cannon,
and gun powder, taking in the latter at
the place assigned for taking in cargoes
of that sort. One, which sailed five or sis
weeks since, carried out several 24 poun
ders, guns suitable to no vessel under the
strength of a frigate. All this is done
publicly, and we mention it as mere mat
ter of curiosity, and without the slightest
nation that it should be prevented. The
probability is, that many such materials
have been *e-sold directly to the South A-
merican Insurgents, that some are provi
ded by individuals and by government for
the war with Spain, and and that the re
mainder will be stored for any other war,
to which the Americans may suppose them
selves led by their “high destinies!”
Toung Napoleon and the Emperor of
Austria.
A Vienna article of the 8th July, states
follows, “Young Napoleon was taken to
Baden, about tiiree posts from Vienna,
two days ago, to pay his respects to his im
perial grand-father, and congratulate him
on bis return. The boy is a fine thriving
fellow, and bears a close resemblance to
his exiled father. His mother, Maria
Louisa, duchess of Paima, is here at pre
sent.*
“Jerome Bonaparte lives upon his es
tate, about two posts from Vienna.. He
nas purchased a mansion near the city,
but the emperor has refused his permission
to him to reside there. Jerome effected
an exchange of home at an extra cost and
great lo»s. Provisions, and indeed alt the
necessaries of life, are much dearer in
Vienna now titan under the reign of Bo
naparte, although it must be confessed, the
present emperor is most sraeut in his en
deavors to ameliorate and soften the con
dition of the poor. There is a prospect of
a most abundant harvest throughout Hun
gary, both in corn and wine.
LAT?. FROM HAVRE.
New-Yobs, August 4.
The fast sailing barque Spat tain, capL
Coffin,.arrived at this port last evening, in
26 days from Havre. The Spartan left
Extract of a letter from Hr. Beasley, American
consul at Havre-de Grace, dated the 30th
July last. “Havre, Julg 30.
“Since I commence;* operations, nine
Americans have arrived, six ofwhich I have
entered at the custom-house; the others
were entered by the brokers. Capt Hall
of the Comet, was taken by surprise: they
have, however, agreed to do his business
for If.per ton, withoatthe usual reserve tor
the 50 centimes, which they have been '
the habit of exaetiiig since the masters
vessels entered iuto resolutions not to pay
30 sous. The other two vessels; the ship
Maria Cafoline, and b-ig Mary Ann, ad
dressed to Martin Feaclie & Son, and Op
perraan, Mundrotdj* Co. would also have
been entered by me, but the masters wt-re
advised by their consignees t# give their
bbfiness to the brokers. I, as a matter
coirse, will never interfere in such cases-
butl think it right that this fact should b<
male known, in order that owners of ves
sel! inay leave their captains at liberty
employ any on- they please to do their cus
lotulituse business.
The brokers have managed to make
tool ufa detroi officer here, who has seiz
ed the spirits, <J"c on board of the vessel
lor stores, upon the plea that the declara
tiou ol these articles at this buereau, ought
to be nade by them. I have wrote to Mr.
Gallatin on this subject, and this pitiful pu
ny effort will, like the bribe, <5fc. wliich
have been made use of prove unavailing"
From the Boston Patriot, September 3.
We have collected tne following infor
mation of the vessel strandard atScituaie
Two Buenos Ayres privateers having
agreed to craisc offCadizto capture Span
ish vessels, fell in with the Spanish scltr,
Nostra Seignora de la Coster, on the 4th
of May, close in with Cadiz, which they
captured and ordered foi Kueuos Ayres
Nothing remarkable took place until the 4tl
of July, when being as far south as latitude
4,00, a part of the prize crew, consisting
of Americans and Englishmen, agieed to
proceed to the United States; and the bet
ter to enable them to accomplish their de
sign, they came to the resolution of throw
ing the prize master and mate into the sea
the first attack was on the mate; having
succeeded in this, they next attacked the
prize master, and after a short resistance
they threw him over; he, however, caught
hold of a rope, and in this situation implor
ed bat in vain for mercy, as they stabbed
him several times, and finally lost the rope,
and he went astern and was seen no more
The cries of the mate were also loud and
mpsrtunate. They afterwards proceed
cd far the United States, and when they
made the land nft'Scituate, supposed them
selves in Deleware Bay. The vessel is
loaded with coffee, hides and cotton, as al
so cocoa in bulk in her lower hold. On
her being taken possession of, and by their
actions many suspicious circumstances
arising, one of the crew appeared to turn
state’s evidence, and the foregoing facts
appeared in the examination before the
magistrate. They are ail committed
the jail in Plymouth for trial.
Owing to the great draught of water
which the vessel drew, and being a sharp
vessel, she on taking the ground, bilged
and her lower hold filled with water. She
was yesterday taken into custody by the
marshal, aod every effort is making by the
people uf Scituate to save the property
with as little damage as possible, though
the hull of the vessel will probably be lost.
[The log-book of the above schooner has
been received in town; front which it ap
pears, that she belongs to Barcelona
which port she left in May, 1817, bound to
the Caraccas, touching at Tarragona and
Malaga, Don Marianu Tenez, master.—
She left Laguira on the 10th of April last,
for Cailiz, and the logbook is continued up
to the 30tli of Muy, then in lat. 26,30, Ion.
6. Most of the cargo is expected to be
saved.—Palladium.
Information to Fishermen—The fol
lowing endorsement was made on the pa-
-pers of the fishing sclir. Betsey, of Addi
son, Me. which went into the Island of
Grand Menau for wood and water, and was
there captared by his majesty’s sloop of
war Blye, and sent to Halifax for adjudi
cation:
“It is hereby notified that it is the ear
nest desire of rear admiral sirDavid Milne,
commander in chief of his majesty’s shins
and vessels in North America and on the
lakes ot Canada, io endeavouring to pre
serve the maritime rights ot his majesty
from infringement, to avoid as much as
possible of the. United States of America
ngaged in the fishery, to any loss or inter
ruption to which they may have made
themselves liable, as to tne just rights
which belong the maritime dominions ot his
majesty in North America. You are there
fore allowed to pursue your voyage with
out further detention, talcing notice, how
ever, that if yuu are again found trespas
sing on Iiis . majesty’s rights, you cannot
expect to receive further indulgence, and
your are requested to notify the vessels
of your nation, as tar as in your power, to
avoid interfering with those fisheries wliich
exclusively appertain to his majesty’s sub-
fects, as they will be hereafter proceeded
against as the law directs.
Given under my hand at Halifax, this —
day of —, in the 58th year of his majes
ty s icign, 1818.
David Milne, commander in Ckeif.
NfcwacBYPORT, Sept. I'.
From Cadiz-—The^thip Commerce,
capt. Wade, arrived archis port last Fri
day, in 50 days from Cadiz. The Vera
Cruz and Havana fleet of 30 sail of mer
chant ships, arrived at Cadiz the first of
July, convoyed by a frigate and two sloops
of war. In one of the sloops of war,
were 5 American citizens, prisoners, ta
ken under the Patriot flag, via. Mr. Conk
lin, aqji heat. William Thompson*, of Bal
timore; capt. T. Sears and Watson, of
Boston; and another name not recollected
It was expected they would be sent
Ceuta. Capt W. has brought despatches
from Mr. Erving, our minister at Madrid,
to the secretary of state. Despatches for
government have also arrived at New
York, ftom Mr. Erving.
* This gentleman, who is in fact from St Ms
ry’s county, Md. and who wax an officer of the
late army, was the author of a letter published
some weeks ago, the authenticity of wh»h waa
rashlv questioned. He with several others, sur
rendered themselves, as they aver, under the Spa
nish Idultu, (or act of grace) but were treated as
prisoners of war, and, in that capacity, it appears
have now been transported to Old Spain.—Mat
Intelligencer.
New-Yohk, August 5.
The proprietors of the North American
Indians have realized a rich harvest from
their performance at the Liverpool Thea
tre, and have engaged them with heavy
salaries at the London Theatres. They
arc pronounced by John Bull wounderfully
clever in their tricks, etc. and are not res
trained by any uncommon ideas of refine
meat fipm acting their characters full up
to natural life as their keepers will permit,
The United-States,schr. Asp, lieut.com
Smith, arrived at this port on Saturday
from a survey of the coast between the Ca
pes of Virginia and Delaware.
It is an extraordinary fact, that eigl
cases of suicide have occured in this city
within the last month.
The remains of col. Wharton were de
posited in a public vault, until the ensuing
winter, when, we understand, his body
will be conveyed to the family vault
Philadelphia.
The Newburyport Herald of the 1st inst
remarks, that “the season at the Eastward
has become dry, and the earth parched.—
The typhus and billious fevers prevail '
an unusual degree in several towns
Kennebeck.”
The schr. Mark-Time, Starts, fruui
New-York to Alexandria, saw on Friday
last, offthe Capes of Virginia, a 74 gunship
and a frigate in company, apparently Span
ish.
Exchanoe Bank,
5th September, 1818.
The Notes of the United States’ Bank
and all its branches, will be rereived
par, in deposit at this Bank, and the spe
cie, or equivalent to specie, paid thrrefor,
as soon after the deposit as it inay be re
quired, unless the sums wanted be very
large, in such cases a delay of five days
will be necessary to obtain the specie from
the Bank of the United States at Philadel
phia, which will be brought on at the ex
pence and risk of this Bank.
Personshaving small sums in the paper
of the United States Bank, or any of its
branches, may have it exchanged at this
hank for current paper, without opening
an account, and persons having bonds to
pay will please exchange their current pa
per for that of the United States Bank, a;
the best means of continuing this arrange
ment. Jacob Bahkeu.
September 7.
It appears by the marine report of the
ship Bxeter, arrived at Salem from Bom
bay, that the British sloop of war Raccoon
to sail from St. Helena for America about
the 24th July, with the Austrian commis
«ioner, as Ambasadores to the United
States.
Captain Fowler, of the ship Sea Fox
from New Orleans, informs, that on the
6th of August, in the River Mississippi,
he passed the United States’ shenoner Fire
Brand, in company with a United States
ketch, each with a' prize—one said to be a
pirate, the other a smuggler from Barra-
taria.
It is stated in a letter from Bordeaux ol
July 27th, that 25,000 lbs. St Domingo cof
fee had just been sold there al SJ sols lb;
and Bourbon,Martinique, and Guadaloupe
had been sold as high as 53 sols.
Count I.anjuinais lias published at Pari«
pamphlet on the expellees and income nf
France, for the year 1818; he insists on
two measures as necessary to consolidate
the happiness and credit of the nation, viz:
’the dismissal of the Swiss guards, -and
the recal of the regicides.—Demo. Press.
One of the most ludicrous paragraphs
we haye seen for a long time we to-day re
publish from a London paper respecting
our sending ships in ballast to St. Peters
burg fur naval stores, aud to England for
ammunition and artillery* Ike. fitc. prepa
ratory to our “war with Spaio”and to put
in store for “any other war” in which we
may be involved It is quite clear that
Great Britain wishes the United States
and Spain to be at war; the reasons for her
so wishing are nearly as obvious as the
ishes themselves.—lb.
PATRIOTJT.trAL FORCES in the WEST
JUDIES VICTORIOUS.
We learn from Curacoa papers of July
that Brion despatched • number of
transports from Carupano to Margarita,
where they landed their cargoes of naval
and military stores and proceeded to tea.
vessel lately arrived at St. Thomas, fell
with Brion’s frigate, in company with a
corvette and brig, having io tow a Spanish
prize, the Sardina sloop of war, taken full
of troops, much disabled, and steering for
the Five Islands. Throe officers of the
patriot squadron have been tried, found
guHtr, and sentenced to be hanged for
insubordination and piracy. Bernard,
who run away with the Indian Libre has
been tafcrn, aud writ be tried. A convoy
nf vessels from La Guayra and Porto
Cabello reached Curacoa on the 4th of
July. Brion had an engagement with tho
Spanish, fleet, aud captured two brigs,
when the enemy made off.—Washington
City Gazette, 7th inst.
THE REPUBLICAN.
savaxxas, ncas»AT'xvsaiK*,ssrmsial7,l8l8
CORRESPONDENCE. \
’OunMin* cr.-ie too late fcr this d»J*s pa
per. He shall have a place la our next.
We have teen the late taeaanre of the United
Statea* bank, canvassed, fairly and openly, by se
veral, and we may aay many of the principal
editors of the United 6tates. To their observations
and statements we have seen none to contradict
them, except one, which w* are compethd’to
notice with much reluctance! (and he is' in cur
own immediate district;) because be accuses every
editor, io the most scurrilous manner of ’-ignor
ance and prejudice” against the bank, who have
performed the duty, in which they are bound to
pet form—to let the people know when their
rights, or interests, or happiness are liable t* be
come in the least degree, put in jeopardy. . But
the paper to which we now allude, has senk it*
character to such alow state, iris-Senear* the po
lice of the community, particularly of the editor*
who bare noticed the late conduct ot the national
bank. Instead of attempting to write, he 'had
better employ his time, in correcting the gross
errors in his paper; or, as we believe his memory
to be weak, to rehearse over ant) over again,
Walker and Johnson
TO TUI XDITOB—BATXD
“AlexantlermOe, ALuhnn count), (Go.)
*S,pten.6er 1,1818.
“The Madison Springs are in Madison county,
one of the most heallblul counties in the state; on
which account, and as a grazing country, it is
alone valuable. The water is ferruginous and a
little impregnated with magnesia— d is cold a$)jl
pleasant, and creates a good appetite for the ex-
excellcnt beef and mniton which are raised here.
This establishment should be encouraged; not
only because it would keep in the state a large
amount of money that otherwise would be spent
abroad; but because, were the people who travel
from every section of this rich and flourishing
state to concentrate themselves here, to spend two
or three months, they would become better ac
quainted, their manners and customs more fami
liar to each other, and consequently, the petty,
local distinctions of this man from the east, arid
this one Irom the west, would, be discard
ed, and more harmony and unanimity would per
vade the state. 1 will remark, however, that there
is not a state in the union leas cut up with par
ties than this. Mr. Alexander, the proprietor, is
industrious and attentive—his whole time » de
voted to the comfort and convenience of bis visi
tors. Our company is continually fluctuating—
we have at present ninety—some days not more
Uian forty to sixty in number. Among the num
ber is our distinguished lellow-citiaen William H.
Crawford. The general topics lor conversation
are universally political Electioneering it the
order nf the day—who shall be our two uew se
nators in the congress of the United States! who
shall be members of the next legislature!. There
will be no opposition to the candidates for con
gress. The ticket published in your paper will of
course be elected. Tlit disposing oi the new ac
cession of land—what is to be done with the ma
ny new applications for Hank charters; and the
law passed, by the last legislature, to prohibit the
introduction of tiegoes into the state, are all made
questions to candidates tor the state legislature.
The land no doubt, from the present public opi-
nion, will be disposed of by lottery. Members
of the last legislature who voted for the prohibi
tion of slaves into the state will be warmly op-
rosed. It is row univeraa'ly believed that John
illiott, of the lower district, will be elected by a
handsome vote to fill Tail's place. John For
syth, who deservedly stands high, it is said, will
not be brought forward; if so, Nicholas Ware,
esq. will certainly be elected to fill the vacancy
occasioned by the resignation of our worthy pa
triot colonel Troup. Planting has certainly be
come a very precarious business. From the un
seasonable weather experienced ever since
April last, worse crops will be made this year
than have ever been known in the up-coun
try. It is calculated that the cotton crop will fall
short of the last at least twelve thousand bales —
The corn crops are almost entirely destroyed.—
We have just received intelligence from Morgan
and Jasper. The rot has commenced its work of
destruction upon the cotton, and the grass carter-
pillar has destroyed all the grass, and has com.
menced upon the corn blades. Such is the de-
strucl on that the inhabitants are driving their
stock over into the Indian nation to graze anal
water.”
ron the urissiB nxrcaucax.
Mr. Pell— There is no doubt but all friends of
having a free circulating medium established
throughout the Uuited States, would have their
feelings more than usually excited by tb* late act
ot the United Statea Hank, in w hich they are so
much concerned.
A writer in yr.ur paper of Tueiday undertakes
vindicate this sudden and premature act ol the
directors; not allowing himself to be a stock hold
er: 1 would ask, why do nut the directors shew to
the public the grouodaon which they make these
sudden and unexpected regulations, so deeply
jeopardizing their greatest benefits.
Let us dispassionately examine the ground*
your correspondent takes for the defence of (ibis
measute, not in the least doubting the • purity of
his intentions; but f hope you will permit me to
differ with him in the correctness of his opinions
on tliis subject of such great importance to the
nation. He first admits that this measure has pro
duced great excitement throughout the union; and
that the American people relied with confidence
on this institution for a general circulating medi
um—on these point* we perfectly agree. Again,
“the bank is certainly capable of producing afi the
good contemplated by those who establ sbed it.”
Was it not the representatives of the people of
the U. States who established it! Was not the
treatest good they contemplated and promised, a
ree circulating medium, and facilitating the ope
rations of die treasury of the U States! This new
measure undoubtedly destroys every iota of the
first, but don’t effect the latter! why! the law
binds them to adhere to the fatter, and leaves the
former loose to them. Hut your correspondent’s
arguments appear to be founded on probalMtiet,
instead of rcaluia—he says, “It becomes absolute-
necessary to bare brandies in every part of the
union, and it waa equally necessary that each of
these branches should receive and pay in specie,
the cotes of *11 the others, as well as of the mother
bank; under these circumstances, it would rmoaa-
blt happen that one branch wwgr at times be ob
liged to redeem in sptciethe accumulated issues
of several of the other branches, and it was next
to impossible to foresee when and where this
pressure would fall." AU J-.-tc probabilities and
utightbeo, were well foreseen and canvassed before
its charter; what did its friends promise to the na
tion; was it not to be primp facia B national bank!
What ia.it now but the name! But the principle rea
son urged by your correspondent, .is-the danger
of the bask audits branches being drained of their
specie for the India trade; and the only means the
bank had to supply its vaults waa to purchase golds
which could not be done but at * loss; and now
tbeir last rerart, they must obtain French coin.
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