Savannah daily republican. (Savannah, Ga.) 1840-1853, November 25, 1840, Image 2

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DNB8D i, mo. a wklohlonow c o .would out., nolwal iftt J. McDonald! inrtoftho Director* in 18 Centml Bank* wm r 1837, there wnsde- 209, buitif the por- “ ' a Utiitod State*, Thc*e t kept , atfwiift. . '.Uitlwns. The wide and which ha* been tints for the citizens, mav reinm ■> «• ««"• communication (for the benefit of those not ■ In accounts,) with n statement of the value Ictttra! Bank. «e shown in the accompany* mmnts, and witli the asslstanco of our _j{* of its insets. We have said thst the Bank is possessed of a capital of $1,982,003 53. —This should be aver and above alt iu indebted' ness; tho Surplus Revenue executed. Time has proven the unaoundties* of a large amount ofrlnima which have been due by the State (in thirty years and upwards. Experience is daily developing difficulties in collecting notes heretofore regarded aa secured in the amplest manner; but allowlngto these causes all the force which .the moneyed difficulties of the time* can give them, it i* the opinion of the Board that the cnpitnlof the Central Bank I* worth at least $1,* 500,000 over and above all its liabilities. TOML1N80N FORT, President. r oCib S2SK Monday,n ltd ihtUhuto Wo shall therefore have no mail Wo learn by a passenger who arrived in the city \ . 'im.I,tv, having left New York nn Tues- day Iasi, tlmt the Mails worn detained in conse quence of a severe snow storm. CX We have been ramimleil tlmt the Mayor end Aldermen have set apart to*morrow ns a day of Thanksgiving, and understand his Honor the Mayor hae issued a Proclamation to thatoffect, a copy of which we should have boeu happy to lay before oar renders had it been furnished us. 03* We are requested to state that thelnda. pendent Presbyterian Church will be open for Divine Service to*morrow morning, at half past ten o'clock. ! Capital is means. including the Surplus Revenues, was $2,363,- 240. At tho. present time, the 8tock is reduced to $930£8144, which, with the 8urplns Revenue, make a capital of $1,982,90353, now in tho pos session oftne Bank. By thereveral Acts of the Le gislature, tho Central Bank is required to pny, at the requisition of the Treasurer, all appro priations at the Treasury l and to pay the interest on the Suite debt, lo eflcct tho latter • 'ect, special powers aw given for tho tranmiia- ,n of funds. At the Annual Report of 1839, d during the subsequent time up to this day, re was, and has become chnrgcuWe to the Ceil- lank, the following sums: AlKj“.nd n F re e Sdiool Fuiid for 1839 and ’40 Interest on 8tate Bonds, ' Appropriations lor the Uni $584,029 16 67,447 65 61,81606 ,000 00 General Statement tf the Condition of the Central Bank of Georgia, on Mondag, November 2d, 1840. DR* To Capital Stock, Nov. 4th, 1839, 1,311,817 91 Diminished during the year by the following, viz: Treasurers Re ceipts, ttr 404.757 60 07 Mr. Welden it will be seen by referenco to our advertising columns, will continue his ex hibitions two more evenings. Those who have witnessad his woHderlhl illusions, and the aston ishing featsof Master Chambers, the India Rub ber boy, have been highly gratified. Increased dnring tha year by the following: Balance dis. on notes, 1839. 18,201 31 Discount on bills, 4,930 32 ~ 269 87 97 95 400 17 67 907,06031 23,521 13 lie payment of this mm, j tho sale uf the Stock held by o lie provided Tor, ■ To provide for the] Legislature ordered ri the Ceutral Bank in other institutions, amount ing to $1,003,000, and gave to the Directors the authority herefore not given to the Central Bank, of issuing its bills to twice the amount of its capital. For the immediate want* of the treasury, the Bank was compelled to resort to the issue of its own bills, hut these not being current in the city of New York, where our deb. of highest impor tance existed, the Board resorted lo the discount of bills and notes payable in New York and other chins, from which remittances could be more easily made. To pay the interest on the bonds of the State, the Bank was compelled, in part, to resort to the shipment of. specie, by which the sum in its vaults has been greatly reduced. Feeling themselves under tho highest obliga tion to discharge the debt to the Pbceoix Bank,the Directors made great efforts to remit funds from this State for that purpose. Fmui the city of 8avannah, they made considerable remit tances at heavy losses on the exchange; but they found it itnpracticobla to remit in this way dm sum they had provided, even at a loss of 8 percent to which they had submitted pn most of their remittances. The consequence lias been, that about one hundred thousand dollars of these funds, placed in that city for the purpose of paving this debt, have remained on hand. Un- dersjanding that exchange between thechjesof ‘T/Jre Board have directedihetranimriraten of u»e funds to be again attempted, and they have no doubt of accomplishing this object with bat loss of time. ill due to the PIranix Bank, is ram will, in ail probability, be f the Central Bank in less than le issue of its own notes, the _.ydue it, the profits of its bit- le of $298,900 of its Bank Stock, * is-paid, dnring the current 'on* $300,000 $37,000 00 changed and commissions .....llow, 28,000 00 To Commissioners of Western & Atlantic R. R. 70.027 67 Requisitions by the Treasurer 404,757 60 Interest, commissions & exchange on State Bonds, 61,815 66 Academyand Free School Fund, 57,447 65 Appropriations to University, 6,000 00 Time Checks, 30,000 00 Treasurer'srequisitiononBankStock 90,131 00 Capital Stock, Nov. 2, 1840. U. S. Surplus Revenue Discount on Notes,1840116,320 73 Discount nn Bills, 1840, 8,863 09 In't received (on old bonds) 1840 1.97122 Premium, 1,55321 Profits of theyear exclu sive of* Bank Divi- , dends. Diminished during the year by Uie follow- log: . Appropria tion* to tha University, 6,000 00 Free School and Educa tion Fund, 21,02844 Discount on Note can celled, 2433 Interest. 1,27122 Premium, 1,553 21 930,58144 1,051,422 09 128,008 25 29,87720 New-Yorklonn 12 mos * Dividends on Bank 8tock 1839 and 1640, Due to other Banks. Credit of depositors, &c. viz: Execut. De partment, 15,329 07 Ths. Haynes Treasurer, 61,094 30 C.J.M'Don- TssfcSc&r iaa * br-Tr-p. -r~7 King, Esq. agent, 2,464 77 Individuals. 63,91631 Balance 1st 98.131 05 263,000 00 101,71800 15,453 13 147,462 31 Cent’I B’k notes 482.173 00 On band, 180,947 00 Sec. emis'n Cent’I B’k notes. 800,000 00 On band, 106,890 00 301,226 00 691,110 00 In circulation, 992,33600 By reference to the accompanying document, It will he seen, that in the last year an addition of $23,521 13 has been made to the Capital Stock of the Bank, bnt the charges made on that fand are $404,757,60 by which the Capital Stock has been reduced. $381,237 47, and is at this time $330,56144. , in conformity with the will of the last Legisla tive, the Directors of the Central Bank have put mmpleted a distribution of $750,000 by loan* to Hire, the complete. rv , the citizens of the counties. These loans have been eagerly sought by oar citizens. By this operation, the profits of the Bank have been in creased by the sum of$45,000 audits notes by tbe sum of $7503)00. Besides its debt in New York, and something due to depositors, the Central Bunk now owes a debt of $992,336 on its own bills in circulation, and those due on requtslions of the Legislature, are amply provided foT by its funds on band, and its bills of exchange running to niaturi- ty. To provide Ibr the payment of its bills in cir- _ "-nbnuwnuiy chiefly on $1,809,- nted notes, and nn $381,100 yet I- urM. B nn k of tha g Ulle o( - f Augusta. The sale of .is has lessened ourAmonut i hy that amount, and un- iution of our pa. will be greatly . 11.100 of those e sales be effected, inted paper equal Expectations, the circulation of c limy, in five or six month*, be ut $300,000—its debt at New d, and the interest of the public ibtif Jhie by the State, those to the la- borers on her public works, were regarded wiih peculiar favor. The Commissioners of the Rail Road, finding it impracticable to -sell at parthe Statu Bonds placed at their disposal, had recourse to the expedient of issuing a kind of certificate or scrip, which to a great extent answered the pur pose of each in making their payments. The Directors have ordered the reception in payment to the Bunk, und in some cases, the payi t lose certificates. They have felt wnrmnted by Urn circUH laws relating to the subject, dientof the Commissioners, - the Bank it is noteasily seen * Iwve been continued. The Legislature with it* ample pm will point out lo there merito or*, Uie source to which they $3,600,104 02 Bank Stock, viz: Bank State of Georgia, 289,700 00 Bank of Augusta, 91,4U0 00 Banker Darien, 325,000 00 Old Bonds, Notes, dec. received from Slate, viz: Bonds for Fractions in Baldwin & Wilkinson. 20,860 30 “ 44 “ and square lot* sold in 1811, " “ “ 1821, “ 41 at Macon,1624, CR. •706,100 00 44 44 Bridge 44 44 44 Confiscated pro- perty, '* 44 University lands, 44 Indisn Goods, Notes for rented Lots in Hall connty, 44 44 44 Habershamco., ! '* 44 rent of Fractions V in 1822, f 44 4 4 44 1 827, 1,117 29 1,287 41 33 27 116 25 12,500 00 17,487 39 4,603 46 510 75 279 50 29 12 402 90 1*802 73 3,450 22 44 44 Lots at Macon re linquished by T & Bennett, 60 00 44 44 Property rented at Fort Hawkins, 5,099 65 44 44 Cherokeelmprov- meets in 183J,<fc’32 6,421 57 44 44 Lot* 10 & 100 in Baker, DeKalbsnd Thomas, 146 12 44 44 44 44 Early, 123 12 44 44 Bridge landing at Milledgeville, 240 00 44 44 Frnctiuu 7th Bald win, 7 00 44 44 Public Arms, 441 S3 Receipts for bonds for Fractions in Wayne, 4,835 87 Reportof Lamar & Hines on Franklin bni'mew, 97,459 06 Bonds for loan to City of Columbus, 10,856 80 Brunswick R. Road and Cenul Stock, Noteadiscounted, Bills. State Bonds,.(interest ex- tfesion*,) -190,371 24 61,815 66 79,027 67 901 31 At tho Inst Annual Report, the Central Bank held of (lie notes of the Darien Bank. $118,447. Of thi*, the Board have limited mi twelve tmmilw puper, $30,000, leaving $88,447 now in our vaults. Tho uiauiliist advantage of placing this fund nt interest, to ho paid by individuate, in stead of holding a claim of interest against the Bank, seven-tenths of wlmso stock is owned hy the Stale, ha* induced the Board to make these loans. Tho borrowers have been debtors of tho Bank of Darien, who have thus been enabled to B their debt* to that Institution. If the Lugii- re will authorize tho Board to take front the k of Derail iui tho usual term* oftiieir loans ion. any good note* it may offer in r iu hills, it may result in general ad e to both institutions. TOMLINSON FORT. President. A.M.NESBIT. Cathitr. ,4 f* that your as the moil raid when the shark bit hi* leg off. “You’re too familiar,” replied ' the shark. THE CENTRAL BANK OFfGEORGlA Tbe Doge of Venice wai iu the habit at stated periods of marrying the sea with a golden ring. This ceremony was symbolical nf the power and wealth and grettdnir which the Venetisu Repub lie and her imperial city, seated on an hundred iles, bad acquired on the bosom of that golden sea traversed by her richly laden Argosies. Three hundred and fifty or four hundred years later, the State of Georgia celebrates the marriage rite " With the psle tenants of the abysmal ocean," in a style altogether different. While Liberty, the Constitution and Laws have stood witnesses nf the sacred rite, she has cost her millions of gold into 44 the tastf deep," in the vague and vain hope that the lapse of time might restore her lost resources, but the sea will not yield up her hidden treasures. Like the Egyptian who cast his bread upon the waters, we may wait to see the subsidence of the flood and the springing forth of die promised fruit, but we shall wait in vain. The seed which is sown in the depths of human folly and corruption and intrigne and self- interest, shall not produce fruit—and if in the course of human events (which God grant) legis lation shall so improve as to redound to the ben efit of posterity, it will be regarded as a wayward phantasy, a moral enigma, an eternal reproach, that any- Legislature should ever have 44 played such fantastic tricks before High Heavenas •hatter the vase in order the sooner to collect the odours contained in it. We refer our readers to the report of the Pre sident of the Centnl Bank, published this day. In dissecting this paper and exposing what we consider to be incorrect in the body of it, we do not propose to censor* the officers now in the Bank. In stating tho assets of tbe Bank, they pursue a beaten track which the feet of others have pressed before them, and it is their misfor tune and not their fault that they are required obey the behests of a Legislature which requires them to execute unwise laws. Portions of the report, however, appear to ua decidedly objec tionable, inasmuch as they are calculated to mis lead the public mind, which certainly is not gen erally well versed in banking operations. For instance the report says: Tbe heavy amount of debts due by the peopli the pojtrreward oflimorljaas rendered the collec nonoi moneyunctfie Bank exceedingly diffi cult. Our receipts have been greatly increased by the monied facilities arising from our distribution. which lias almost entirely been loaned in small sums, and the great amoiiut of indebtedness thus transferred from creditors, who would not wait, to the Bank, which will await the annual re turn of the industry of the planter, has op erated as a relief to thousands of our most meri torious citizens. The wide and harmonious con nection which has been thus formed between the Bank and the citizens, tnay render it proper to close this eomnranicaiion (for the benefit ol those not skilled in accounts.) with a statement ofthe value of the Central Bank; as shown in the ac companying document*, and with the aa*Utance of our knowledge of its assets. Evdry reader will at once refute for himself the extremely absurd proposition that an evil is to be remedied by aggravating it, that bad debts are made better by putting into circulation n new batch of Bank notes, which are positively below par value in a great part of the State when used for purely business purposes. Grant that a part of the 750,000 dollars, put into circnlation, will come iulo the hands of the old debtors ofthe Bsnk, and that thus they are enabled to reduce their notes to a certain extent, what becomes of the notes given for this 750,000 dollars? Are they all taken up or reduced at the same time ? Certainly not. The reasoning, if it amounts to any thing more than a palpable absurdity, conies to ibis—that the issue of this $750,000 throws tbe Central Bank notes at a level oflO a 15 per cent below par, which operates os an inducement to the debtors of the Bank to buy them up in order to pay their debts due to the Bank with them. Follow out the principle—snppose that the pre sent Legislature should in iu wisdom (a thing at least possible) order a new issue of $1,000,000. As soon as the issue was completed, the notes of the Central Bank would be worth perhaps 50 cents on the dollar—end in that event, the old debts wonld be paid up faster than before—and then issues might go on till the notes should be worth 10 cents on the dollar, in which case the debtor could with $10, pay a debt to the Bank of $100. This would indeed operate as a beauti, ful system of relief to the debtors of the Bank, but the fiscal credit of die State would be “ In tbe deep bosom of the ocean buried,” long before things should arrive at that point- As abaord as such a plan • of relief would be, i 1 could not iu our honest estimation surpass the stupidity, not to say folly, of the plan hitherto pursued—wliich allows the speculator, Who gets the money from the Bank at 6 per cent, to loan jt again at 15 a 20 per cent to the poor man who has a judgment hanging over him. Such tender mercy as this, is refined cruelty. The specula tor who perchance assigns over his own property or by some other means avoids paying the State his debt, has his mortgage on the property of the poor borrower, which he can foreclose whenever it suits his convenience. The report speaks of “ iride aud harmonious connexion uhich subsists betuxenthe Bank and the dtixcns. u Heaven know, the connexion is wide euough, but the union piu*t bo regarded as an incestuous one, and the whole progeny ofloans and debts and mortgages, quarrels and corruptions, issuing therefrom, should be wonted nt by every intelligent Geor gian. If there is any harmony in the connexion, it Uu harmony of horrors which in sure to engen der* numerous train of evil*. Let us before examining the present condition of the Central Bank os ascertained by the report just rendered, glance at the situation of the fiscal affairs of the State under the system of investing her available fnnds In the stocks of the several Banking Institutions of the State. In the year 1611, the Stale of Georgia authorized a subscrip- >» the Bank of Augusta,which was I to $100,000. Her next in vestment was in the stock of the Planters’ Bank wore co oni invi come to the period of ending in received Thee: one s)*lem gave risi to the other systei of receipts dertheold new one under which the so reversed as to eau«* iU ofthe expenditure. In order the moro perfect this last method of administering nances ofthe State, it has been thought ry to sell out the atooks owned hy tho State in the various institutions above referred to, thus con verting a positive and cnuitant source of supply, into a positive and constant source of waste or loss. Should the Legislature in ita wisdom think proper to re-establish the method resulting in an excesa of receipta over expenditures, it wjli or rest tha sale at once nt the State Stocks in the institutions referred to. Bnt if the new or losing system, is preferred, the sale will bo allowed to go forward. It appears by accural? statements, that for • period of ten years, beginning in 1829 and end ing in 1839, the diacouhta by the Centra! Bank amounted to an average of $1,197,598 per an num, and the avenge profits for the same time were $56,513 per oniium—which is equal to an iuteresl of 4 7-10 per cent, per annum—while it has been seen thst tho profits un the $1,005,000 vested in the local banks amounted to $745,860 far the same tei years, which is equal to an in terest of 7.400 percent per annum on the capi tal thus inverted. Precisely mch a result aa this might be expect ed from dunging a stock paying near 8 per cent to one paying a little more thun 4 per cent, or ra ther payings great deal less than no percent, if we take into the consideration tho immense a- mount ofbad debts incurred during the adminis tration of the Central Bank. A Rothschild, a Tnrtoni, or tbe smallest green grocer in twenty States, would turn up his nose at the idea of making loans at six per cent, inter est for long periods, when a higher rate could be obtained for short periods. We postpone the consideration of the remain der of this subject tilt to-morrow. North Carolina.—Gen. Harrisor's majori ty in forty-two counties, is 8420, a Whig gain of 2954, since August. There are twenty-five coun ties to be heard from, and the entire majority for Harrisor will probably be 12,000. Alabama.—The Montgomery Advertiser ofthe 20th Inst. (Loco Foco) says— 44 Alabama has gone for the Administration by upwards of4000 votes, and the majority may reach 6,000. Al though the Whigs in South Alabama, have voted 2,500 more than any previous election. [COMMUNICATED.]- Geographical Politics.—It is a curious sub ject of study and reflection, for one to take the map ofthe United States, together with the elec tion returns, and compare them together. The first thing which strikes the observer, is the pop ularity of Mr. Var Borer all along the line of Custom Houses, (that is, all the popularity he has) and on the other hind, the unvarying power I do not insinuate at ali.that there is any thing •nspicious in this—Oh no! I only wish to draw the attention of yonr readers tn the singular coincidence. It is all owing to the influence of the tides, no doubt, and perhaps somewhat indirectly to the moon—if not, it roust be the salt water. What can it be owing to ? Perhaps to that ever lasting thing tbalthe Doctors ascribe every thing to—malaria. Is there no core for the disease ? Perhaps old granny Harrisor could suggest some •at that's good for ft. x. In consequence of the liiilore of tin ght on Cotton will bo reduced to rates our bale, after the 22d instant Warrenton to Augusta, Curaming, •• Crawfordvllle, “ Jefferson Hall, 44 Greensboro, '• Uuckhond, 41 VVnoo(lville,and I,, Hand of Athens Br. J Round bales not to exceed 375 lbs., nnd square bales 425 Ihs. For the excess above these wolghts half cent, per 100 lbs. per mile. All hales torn while in possession ofthe Company, will bo men ded nt their exponse. Business will commence regularly on the Athens Branch after the 22d in stant. A passenger car will be attached to tho freight train leaving Augusta on Mondays, Wed nesdays. nnd .Yriduys, ut 7 o clock, A. M., Buck- head ntOi o'elock on Tuesduys, Thursdays and Saturdays. RICHARD PETERS, Jr.. Suporiuteudant Transportation. GEORGIA LEGISLATURE. Correspondence of the Augusta Chron. !f Sentinal, MILLEDGEVILLE. 20th Nov. 1840. Tho Bill contemplating a withdrawal ofthe $6000appropriation lo Franklin College,was yes terday postponed in thm House on a motion of Mr. Stephens of Taliaferro, who proposes to submit the whole matter to a committee to bo ap pointed hy the Governor, who shall investigate the state of accounts between the Stuto Treasury and the University, and report the same lo tho Legislature, when a settlement should forthwith be made and a final separation take nlace. After the disposition of this bill by the Houso the re mainder of the sitting was consumed in the read ing of Bills nnd locauegUlation. In tbe Senate the most important question which engaged their attention was the bill propos ing some amendments to the Charter of the Geor gia Rail Road nod Banking Company, which call ed forth a debate, (which I did not hear,) that had trot concluded when the Senate adjourned. This morning, in tho Senate, after reading the journuli, the Seuate took tip the unfinished busi ness of yesterday, being the amendments to the Georgia Rail Road and Banking Company’s charter, which wasfinallly passed, but with so ma ny amendments and provisions nsto render it of little interest to its fnends. In the House this morning, the members were entertained by 44 one of the Acorn boys," Mr.Hun- ter,of Cherokee, in an animated speech ou hit motion to reconsider so mnch of the journal of yesterday as rejected his bill to prohibit the intro* dactien of cuttle 44 from the distempered district” ofGeotgia, into tho Cherokee counties, ora por tion of them, which motion was finally adopted. After the reading of the journals, the House took up the resolutions, and amendments thereto, of Mr. Flournoy of Washington, when Mr. Toombs of Wilkes, offered a preamble and res olutions, disapproving ofthe principles and mea sures of the present administration, in lieu of the originial resolution and amendments, which were, together with the originaland amendments, indefinitely postponed. This result would appear somewhat strange, to those who are aware that the Harrison parly have a majority of 25 in the House, but when I reflect that the vote was so small, ill consequence ofthe great number of absentees, that many members who are ? zeuloii8 advocates of Gen. Harrison are unwilling to consume time with such a discus sion,! confess the result was to me not unexpetc- ed. The other morning business of Uiq House is wholly of an uninteresting and unimportant char acter. . J«. message growth ofthe voting republic, in pop- i nnd resources. The harvests have been and agriculture it extending Itself In , action, promising rich rewords to the toil ol the huihhnndmati, snd giving earnest of tho ftiture Importance and power of the republic. The commissioners to run the boundary line between Texas and the United Stales, had been compelled to suspend operations for want of means, d ,4 We4titt farther convinced,"rays (he Galveston Courier, "from intelligence received lately by the o, OU, pi O, 1UU Of, 111! Ol /(, VII I 0|, 604 at 81, 8S0 st7|. 40 at 8J, 100 St 83-10,100 at 8,145 at 8,145 at 8,88 at 81,100 at 7(, 149 at 8), 74 at 8J, 185 ai 81,109 at 8, 100 at81, 60 at 8|, 103 at 8 at 7( a 8{,640 ~ 3-16, 450 at 8}, 180 at 81,600 a 0 at8|, 00 si 8,36 at 74, 53 at 00,800 at 8,090 St 00,500 at00, 100 at 8, 815 nt 8), 950 at 8. 1000 Mississippi and Tennessee st 8 3-16, and 900 Western Districts at Jrdinary . 84*8(1 trio, Ug. 81 senls. ' Liverpool Classification.—La. fy Jiffs*.—Ordinal 7s 7|* Middling, 7ja8j Middling Fair. 84 - Fair, — a 041 Good fair, 10 a 10J; Good & fino, Statement qf Cotton, 1840, Oct. 1, stock on hand, Receipts last three days, 44 previously 13179 117024 For the Savannah Republican. Messrs. Editors—As “Locomotive” has thought proper to give up a had job—and that he, as well as others, begin to see the justness ofthe cause iu which I have embarked, I will now pro ceed to set forth facts that exist in relation to the Central Rail Road,as I first intended, I am asked not to compare the freights ofthe Central Rail Road, to those ofthe Georgia Road, as that Company only lowered their freights, to make it an inducement for Fanners to send by the Road, instead of sending their Colton to mar ket, and bringing their Goods back on their wag. ons. A poor excuse this, to be sure. But the Charleston Road Idwers their freight, not for the same cause, but onesiniilar—to compete with the Steamboat Companies on the Savannah River. Now, as trifling as these excuses may appear to the visionary imagination of the Central Rail Road Company, they appear grand and impor tant ones to me, and if these be good excuses for the former Companies, why should they not be for the latter; is it because the Farmers on and near this Road, care leu for their interest ? Is it because they have no wagons or teams 1 Or, is it because they owe a support to this Road, and must give it right or wrong, because it is the great Central Rail Road, coming from the great sea port city of the State, and running through their section of country ? This really seems to be the idea ofthe Company, and the only one they ad. vance. But, I tell you gentlemen, it will not do; in these times, every ouo takes cure of himself— and the Farmers, the very soul of our country, are always ready to take care of their interest, and guard it from the extortion of soulless corpo rations. Make it the Farmer’s interest to putron- izeyou, and he will do it, and thereby euhance yourprofiu. I would have you look beyond the limits of Pavonnah, if you wish to build her up by the Central Rail Road. Search out your competit ors, view the ground they stand upon—then draw up your line of battle and meet them like experi- enced Generals, nnd not like Militia Captains, os you seemingly have dnno heretofore. The trade must he drawn from Augusta, and it must be done hy low freights. Yon have tn compete with the Rivera Savannah, Oconee and Ocmulgee—and this too, must be done by low Ireighta. ft might be osked if I know a Farmer who has quit the Road on account of high freight* know many; yes, I hear of too many, and I fear the Company ore long, would be glad to have heard of less. A Farmer informed me hut a few days since, that he could haul his Cotton to Au- gusto, sell it and realize more money for it, than he could by freighting it to Savannah per Rail Road. The common conversation among the Farmers is high freights, high freights—and Jie more they converse with each other on the sub' ject, tbe more determined thoy are to quit the Rood; ond when once they have mode up their minds to do so, low freights I tear will be ofliule avail. Gentlemen, let mo entreat you or a friend tn the Central Rail Road, and one who would do as much to secure to h patronage as any one in this city or elsewhere, to pause fora moment and re- — . MILLEDGEVILLE, Nov. 21. His Excellency the Govenor, yesterday, in obe dience to law, communicated to both Houses the triumph ofthe HarrisonElectoraJ Ticket inGeor- g'w. It is asserted here, upon the authority of letters received from Columbus, the Judge Colquitt has, or will, resign his seal in Congress. Whalcottrse Messrs. Cooper and Black will pursue in this matter 1 am not advised, nor do I know that it is known. After my letter of yesterday was closed, the action ofthe House was confined to the reading of bills, &c., not of general interest or import ance. This morning the House, by a vote of 91 lo 79,deterniiued to reconsider the vole of yester day, which postponed indefinitely the resolu tions and amendments of Mr. Flournoy, of Washington; and it is now oltogether probable that we shall have an able, important, and highly interestiogdiscussion, on Monday next, involving principles of great magnitude. The joint, standing committee on Banks have this morning reported to both Houses a bill to enforce the re sumption of specie payments by tho Bunks on the 1st of January, lb41,and providing for the forfeiture ofsuch charters as fail to comply. In the House this bill was ordered to be priuted. and made the special order of the day for Wednes day next. In tlie'Senate, yesterday, the bill contemplating tho withdrawal of the $6,000 appropriation to the Franklin College was referred to a special committee, which was this morning re-consider ed, and is, while I .write, undergoing a discus sion on a motion to*lay it on the table for the re mainder of the session, nnd a proposed amend ment ofthe Senator from Walton, which provides for the drawing of$3,000 to enable tho College to meet its engagements, 4 The joint standing committee on internal im provements have also reported to both Houses a bill to appropriate One Million dollam, in State Scrip, to the completion ofthe Stale Rail Road, and providing for the levying of a caput tax on all negroes between the ages oflO and 60 years, to create a fund to defray the interest on the public debt, and a sinking fund. After rending the above report*,the House took up the bill from the Senate for the pardon of James Hunter, of Chattooga, condemned for the crime ufniurder, which is now under considera tion J. Since the above wns written, the quesliou has been taken and the pardon granted. CHARLESTON, Nov. 23. From Havana and Key West.—Tbe U. S. Mail Packet Schr. Heme, Cnpt. Morris, arrived hero yesterday, from Havuna, Key West, and Indian Key. We are indebted to our correspondent at Key West lor Uie letter which follows, and to com mercial friends for extracts of letters in reference to tho state ofthe Havana market. Key West, Nov. 16.1840. Our wreckers which my lost informed yon had proceeded for the wreck of ship Norway, ofBos- ton, hnve all returned, with the cargo, which is in a damaged state; the materials of the ship, and officers nnd crew, have also arrived. The cargo consisted nfwiuns, dry goods and furniture. The latter was left, being so much damaged that the wreckers would not bring It away. There word about eighty passengers; they have ull arrivee here, and a part hnve proceeded for New Or leans. The schr. Saratoga hns left for Mobile, , v - paired, with balance of cargo, after selling a part to pay salvage and expenses. No late news from the Indians. The steam boat de Rnssetta left this port yesterday for Tampa. She was from 8t. John's River. Courier. _ ~8T. AUGUSTINE, Nov. 13. The Talk.—Ho-la-too-cheo and about a dozen Indiniis with names of similar dimensions, which we do not remember seeing in print, hnve come from the West to Fort King, for the purpose of persuading their brethren to emigrate. Tiger-Tail nnd about ICO others have, itlisaid, tnade it morning coll upon their old friends, with many protestations of 44 no cheating thi* time,' propose adjourning deliberations to Tampa Bay The8th Rcgimentond other troops, amounting in nil to about 1,200 men, are ut Fort King, but we would givo more for the influence of three French Canadians over Indians, thun for that of Uie hast regiment in the service. However, we approve of the Talk, The In dians have been drowned out of their swouins— their families have been broken up—they want ix.ftoin Corpus Chricti b*y, thatlher* io serious collision between Arista •loop pIwbi has been (Centralist) and Canales, (Federal). At the la test accounts Canales was making rapid march- " from town to town, in the direction of Tampi- • and every place he visited declaring in ftivnr of 4 the Constitution of 1624,' and joining in his cause.” The Houston Star ofthe 11th, contains the fol lowing:— SUCCESS OF COL. MOORE’S EXPEDI TION. We learn by letter front Austin, received by last night's mail, that on the 21itult. the troops under the command nf Col. Moore came In sight of a large Commanche enenpment, nn the head wnters of the Colorado, about 300 miles north west nf Austin, which they attacked and succeed ed in killing about 150 Indians, captured 32 pri soners, about 500 horses and mules. Among the captives are two Mexican boys, Col. Moore w th his command arrived at Austin on the 7th inst.and was received by the inhabitants with the highest demonstrations of joy and commenda tion From the Boston Daily Advertiser. SUPREME JUDICIAL COURT. Commission Merchants.—Tho case oCF.A.Jen nings, vs. Joseph Leavitt, which was concluded yesterday, was an action brought to recover about $140 of the defendant, for advances made the latter on goods consigned to the plaintiff. It ap peared that the defendant, who is a manufactur er o f candlesticks, consigned a lot of them at three different times to the plaintiff, and drew on him for three fourths of the amount. Nothing was said expressly to the price at which the plaintiff was to sell the goods, und after keeping a part of them on hand for a considerable time, he closed the consignment ot a sale btltno the invoice prices, and not receiving sufficient to reimburse himself for the money he had advanced, he brought this action to recover the balance. The defence was placed on the grounds, that the plaintiff had no right to sell below the invoic ed prices, that he hod not rendered a regular ac count, ond that he was liable to the defendant for any loss on the goods by a sale below the prices fixed by the defendant. In the course of the trial, it was in evidence by hardware dealers, that they always supposed that when goodB were consigned and nothing was •aid ns tn the prices at which they were to be sold, the consignee was limited to the prices in the in voice. There was also evidence of an opposite character. At o former trial ofthe case in April last, the jury were unable to agree. At the present trial, verdict was retuned for the defendant. Burtteltrot.lhe plaintiff, D. A. Simmons and i. D. Parker for the defe Exports last three days, previously, _ -1887 61308 9701) » 150007 60105 efendont. Stock on hand, . ' 02813 1 Sugar, Lonislana.—Our last report left tbe stock on the Levee, in first hands, very light, but since then • suppUesfoave come in mose freely, the receipts dur ing the last three days, being 1048 hhds. The sales in the nine time have amounted to about 350 to 400 hhds. at price* ranging from 5 a C| cts, a very prime lot of Attakapos, having brnught the latter price.— Most of tbe sales have been at 5| a 5) cts. and prin cipally for the Northern and Western markets. Molauts.—The receipts are light, and the demand moderate, at 24 cent* per gallon for barrels in good order. Wo are not advised of any further sales on t natation. Arrived since our last 349 barrel! 90 ihds and 165 tierces. Rice.—A further cargo of about 300 esaks has barn . received since our last, which baa gone into store, aud is seilicg in lots at $4 8a a 4 50, with a moderate de mand. Exchange.—Sterling Exchange was quite scarce during die first few daya that succeeded our last re mit, and some small amounts were sold as high as per cent, premium, Yesterday, however, bills were more plenty, and tales were made at tbe form- rat® o* 8| per cent, premium for round sumi, though wo heard of no very large trsnsaotions. Ex change on Paris is offered in round sums at 5f 15, bnt meet* with little demand. Exchange on New York it in fair demand, but the pretence of a few more aeltera in the market haa caused the rates tn give way a little, and some sales bate been made at 4* | per cent discount for bills at60days Bight. Our present luotations are par a j per cent discount. BUI* at nort sight have been in more demand than formarly 1 a 1{ per cent premium for short sight. Philadel phia 60 days 9 per cenl prem. Boston 60 days par. Freights.—There has been but little activity in Eu ropean freights since our last report, and the only engagements we have to notice are three ships ior Liverpool at9-16d, and one for Marseille* at 14 cent for Cotton. Vessels are plenty, and the above rates readily accepted. There is a little more offering coastwise, and the rale for Cotton to New-York has advanced to 4 a cent. (By the Haynt, at Charleston.) •‘HAVANA,NOV. 13—Bugaraheve advanced re cently in consequence ofthe reduced stock. Brown* 6J a 7 rs.j yellowa 74*0 ra. whites 101 rs.j Coffee, new, acarce atlO a 11, in brisk demand for New Cr- leans. Exchange on London 14 per cent premium j on New-York 2 per cent prem.” “ HAVANA, NOV. 14—There has been no change in the Rice market since onr last. We conliuue the tame quotations. New Coifers are oppearing in amall lots, and find immediate buyers at 11M a 11, and the demand very brisk. Exchange on London M prem. nuroal, U. States 1| a 3 prem.; Beef, No. 1,3 and prime 8 a 14; do. Buenos Ayres, 13*184 rs.; Pork, prime and mess 15 a 17; Hama 13 a 15; Lard 16 a 17 j Butter 17 a 99; Candles, Tallow 17 a 101 do. Sperm. 45 a 47; Flour, Am. 144 * *®41 Rif® ll|h Potatoes 34 s3f | Boards, W. P. J)4a 271 Lumber, P. 24 a 25; Hoops 40; Shooks and Heads, inspect- The following information of a change in the Russian quarantine regulations has been official ly communicated by the Russian Minister to the Department of State. British vessels coming from the ports ofGreat Britain, laden with American cotton, will be ad< milled into the Russian ports on the Baltic, without having had their cargoes purified in the Danish quarantine establishments, upon produc tion by their captains of certificates granted by British authorities or by Russian or Danish Con suls, proving that the cotton' with which they are laden comes really and truly from the Unih States, ond has not been shipped from a port Great Britain. , The same disposition has been also extended to all vessels whatsoever arriving laden with Am erican cotton, taken in at any European port, (except those on the Mediterranean,) or in any port ofthe United States, of the healthy cond ■ tion of which satisfactory assurance can he giveu. Washington Quibe. HYMNS TO THE GODS. BY ALBERT PIKE-OF ARKANSAS. No. IV.—To Diana. Moit i graceful Goddess I- -whether now thou art Hunting the dun deer in the silent heart Of some old quiet wood, or on the side Of some high mountain, and, most eager-eyed, Dashing upon the chase, with bendad bow And arrow at the string, and with a glow Of wouderous beauty on thy cheek, and feet Like thine own silver moon—yea, aud ns fleet As her best beams—-and quiver at the back Rattling to all their steppings; if some track In distant Thessaly thou followest up, Brushing the dew from many a flower-cup And quiet leaf, and listening to the bay Of thy good hounds, while m the deep woods they Strong limb'd and swift, leap on with eager bounds, And with tbeir long deep note each hill reuounds, Making thee muaint—Goddess, hear our ciy, An4 lev as worship thee, while far and high Goes up thy Brother—while his light is full Upon the earth 1 for, when ihe night winds lull The world to aleep, then lo the lightlesa *Vy Dian must go, with silver robe ofdew And sunward eye. Perhaps thou lieston some shady spot Among the trees, while frighten'd beast hear not The deep bay of thy hounds; but, dropping down Upon green grass, and leaves allsere aud brown, Thou pillowest thy delicate head upon Some ancient mossy root, where wood-winds run Wildly about thee, and thy fair nymphs point Thy death wing'd arrows, or thy hair anoint With Lydian odours, and thy strong hounds lie -Lastly on the earthy aud watch thine eye, - - And watchtbine arrows,while thou hast* dream. Perchance, in some deep-bosom 1 !! shaded stream, Thou bathestnow, where even thy brother 8un Cannot look on thee—where dark shades and dun Fallon the water, making it most cool, Like winds from the brond sea, or like aoms pool In deep dark cavern: Hanging branches dip Their locks into the stream, or slowly drip With tear-drops of rich deW t Before no eyes But those of flitting wind-gods, each nymph hies Into the deep, coo), running stream, aud there Thou pillowest thyself upon its breast, Oh Queen, most fair! By all thine hours of pleasure—when thou wist Upon tall Latinos, moveless, still, and lost lu boundless pleasure, ever gaxing on Thy bright-eyed Youth, whether the unseen sun Was lighting tho deep sea, or si mid-noon Careering through the sky—by every tnne And video of joy that thrill'd about the chords Of thy deep heart when thou didst hear his words In ihdicool ahady grot, where thou hadst brought And placed Eudytnion; where fair hands hsd taught Ail bendy 10 shine forth; where thy fair mnida Had brought up ahells for thee, and from the glades All sunny flowers, with precious atours and gems Of utmost beauty pearly diadems Of many sea-gods; birds were there that sang Ever most sweetly; living waters rang Their changes to ail time, to soothe the soul Of thy Endym'on; pleasant bree/es stole With light teet through the cave, that they n His dewy lips;—Oh, hy those hours of bliss That thou didst then enjoy, coino to us, fair And beautiful Diana-take us now Under thy carol Commercial Journal* LATEST DATES. From Liverpool, Oct. 10—From Havre, Oct. SAVANNAH IMPORTS, OCT, 84. Por schr. Eagle,.from Hovaun-40 hhds. Molasses, CORONER’S REPORT. A Coroner's Inquest was held on Friday.last over the body of a seaman named Robert John- son,|one ofthe late crew of .strip Susan Drew, from Boston—he was a nuthr JffPortiond,(Me.) Verdict—“Accidental drowning in the Savannah River." THOS. EDEN, c. c. c. PASSENGERS, Per steam packet Southerner, from Charles ton—Mrs Cooper, Col Win Davenport, Messrs Gibbs,T M Shnpter, J Hadley, Alberts, U 8 A, D H Truman, Cnpt Simson. Slilppiuy Intelligence. . PORT OF SAVANNAH,....MV. 25,1840. ARRIVED. Ship St Mark, VVeitman, London, 32 days. Ballast tn A Low & Co. Schr Fred'k A Tupper, Morgan, Baltimore, 7 days, to Ladd. Tupper & Sistare. Mdze to S Philbr«k& Co, F Sorrel At Co, A Winn, flag- horns & Wood, H J Gilbert, E Withington. Schr Eagle, Wiley, Havana, 8 day*, to Cohen, Miller Co. Sugar, Molasses aud Coffee to sundry peruons. Steamboat John Randolph, Gould, Angnsta, with bouts 8 & 11 to C F Mills. 3D0 bale* Cot- tun to sundry person*. Steam packet Southerner,Wntnbersio,Charles ton. Maze to E Wiley, G D Cornwell, S Phil- brick & Co. Steamboat Chatham, Gould, Augusta, with boats 17 & 18 to Steamboat Co. 219 bales Cot ton ond Mdze to 8 D Corbitt, Adams & Bur roughs, W R Cunningham, (I Harper, F Sheila, R Raiford, L Bnrrie. WENT TO SEA. Ship Monticollo, Lawton, Liverpool. Schr Walter M. Thompson, St Augustine. Schr Jos Crowell, Goodwyn, St Augustine. DEPARTED. Steam packet Southerner, Wainbersie, Charles ton. vSSGKsajBkifiE: ■! Steamboat Gen Clinch, Brooks, Block Creek. ST. AUGUSTINE,' Mo.. 13,-Ar n-hri Jo- seph Crowell. Goodwyn, Savannohf Empire Suuthwick, Charleston; Lunina, Swosey, Wil mington, NC; Hero, Sawyer, New York. Slu, schre Isaac 'Jncksoii, Fish,Falmouth, Mas; Queen, Uultinio^; Stephen Francis, Charles- l °C1IAIU.F.STON, Nov. 23.—ArBr»hipM«r. S aret Johnson, White, Belfast 47 ds; brig Globe, liller, Malaga 46 daya; schr Ajax, Cooper, St Jago.via Buracoa 8 dnyssU S Mail Packet Hnyim, Morris, Havana, via Key West snd Indian Key 6 days. 1 > For mobile. „ The schr AID, Captain Baker, will sail 'o-morrow, nnd can handsomely nccotn* module six or eight pnssenger*. Apply to nov 25 LADD, TUPPER & SISTARE. For.. & Tho fust bur freight • w freight of 60 1,1, passage, apply to nov 25 «.“b"5Ld.COM. „ jpWn WIng, Imviug mmtuf ill, will linvo dc.pmi.il. For llico or die Imllt diereol, or L. BALDWIN *. CO. . -r^rrr LEAVES TO-MOBROW. Direct Commiinicn ror »cur. iingie,.irom navonn—40 niias. mutasies, ton,M outlay,wuuiiobi 114 bag* OoflW,lQ boxes Bugnr, 9 boxeiBweetmects, P, Mcalculating t» l 00,000 Begun and Fruit, iti| inprilinp. nl ouol NEW-OUIiEANS', NOV. IS—C»IM»-ArHml aitiuelbe l3tli hist. 13179 baled. Cleared lit th* iiimr