Newspaper Page Text
A/X
SOUTHERN
RECOR
.4i£.
vOL. HI.
MIJLLEDGEVILLE, TUESDAY, OCTOUEK 29, 11322.
No. 33,
PUBLISHED WEEKLY,
RYS. Qli.lYVL 1.YHS,- R.M. OR WE,
Oo Hancock Street, opposite the Auction Store,
A r three dollars, in advance, ok voUK
inn,I,Alia AT THE EXPIRATION OF Til L
YEAR.
% j’ Xjvertisementi conspicuously inserted
nj[ the enstninury rules, [.titers on business,
U, :pl (.lisps, o,•( l |,p POST run.
HANK ok the united states.
\! n Triennial meeting of the Stockholders of
ilio Idink of the Uin't-il Mules, lield by ltd-
^..■jrmnent at their Hull in the (Tty ol Phi
! i |r Ij>11io, on Tuesday the 1st ot October,
iiioMis Kiikoti, r,st|. in the Choir, and
W ii.1.11m Mkkkihill. Secotary.
'ftie lolhi'vin ; !te|inrt of the Committee of
, :h■ 11ion mul iiivf-tigati'in, appointed agreea-
t) liie resolution of til© StoekliiktJe is>, ut
. ,;,p meeting held on the ‘id of September,
| ' I. having been adopted, it tv,e “ ttesolved
ti , Peport with its Appendix lx: published
i, •> public papers; and thut the President
mat 1'.rectors of the Rank of tile United Stales
, aim cause the sstjie to be published in
nanphiut form, and that a copy thcieof lie
jiei i at lit ) disposal uteucli Slockltoldar."
Your C.nninittne, to whom was referred tin
examination of the condition ofllie Bank—
Be tout,
That they have rarefnliy considered and
diligently investigated tile subject confided
in them. B it, hi fore submitting any opin-
j„„ nr statement in detail, as to its actual
situation, they beg leave to refer to the lu-
m j this exposition of tile President, hereto
appended, containing a fund of information
in relation tn the Institution in coiiiieetioti
with various topics of sound speculation and
The circulation of Bank Notes
amount to ... 5,456,891 till
The deposits are 6,776,492 71
Unclaimed Dividcns 129,744 ‘28
Amount due to sundry Ranks, in
current account, and to individuals in
Europe, 1,964,808 36
fund reserved to cover the losses
sustained by the Bank, 3,743,800 00
Profit and loss, account, after huv-
iag transferred to Contingent Fund
#103,809 51,897 07
Interest, Discounts, be. received
from 1st July, to September, 388,237 01
The total amount of Funds, are #53,504,196 99
Which are distributed as follows:
In United Slates 6 per cei.t
Stock, #11,000,000 00
United states 6 |»er cent.
Slock, 2,020,469 27
Loans on personal security, 26.236,150 88
Evans secured by Rank Stock, 6,9; i ,c> 8v
Loans secured by Mortgage, 8,000 00
Due by State Ranks, benriugin
terest 739,918 76
Real Estate taken for debt, port of
which is productive, 587,102 38
Amount due by sundry Slate Banks,
be in current account, 910,960 97
Paid on account of Bonus, nnd pre
mium on 6 per cent. Stock, 1,180,880 00
Ranking House in Philadelphia and
Branches cost 834,922 15
Notes of Slate Banks on hand, 664,642 56
Specie in United States Bunk and
Brandies, 3,346,434 22
# 53,504,196 99
It might be deemed prudent to abstain
from expressing an opinion upon the future
prospects of the Batik, leaving each indi
vidual to draw his own inferences from the
l)ri) olical utility, which cannot fail to prove i '"'''V y u " r C,,nin,i! ''“ e I" 1
Uhlv interesting to the Stockholder^ and ! ,hB "M ,n ' ,sll ’ n | w!wt
o the pol.lic ; While, at the same time, they! !>«•'*='•* «•» ■» « «ell grounded hope,
illustrate the consolit.g truth that the most | " P«.IU- ol the Bank ami its public
".palling dillicollies may he sunn .ted l.y j 1,h > .". ll1 •« '«««.»« will, the
' » t y • , . ; , r .... KGidnal «|i*ve|Mpcm«nt of its losourcrs. ll
the steady app i , o o i. iy i ‘c . , t|, t . Bank has, under the embarrassment and
Incompliance with the provisions of the P'n|,lexity in which it has been placed, nut
article of the 11th section of the Char i ^nstuinud i s own credit, hot that o. the
13th article
ler. your Committee have, ascertained that
the suspended debts at the Bank and its va
rious Blanches are,
Upon personal ami other than
Stock securities, #6, 401, 255 90
And upon Loans secured by
pledges ol Stock,
'Together amounting to
circulating medium of the country, with
which its interest and prosperity are indis
solubly eoiilieclrd, it can scarcely lie doubt
ed that these difficulties being surmounted,
ami a more ample lield opened for the tx-
ercise of its energies, an increase of profit w ill
1,017,050 76 ! result from a cot responding extension of its
#10,418,306 06 i business. And whilst your Committee have
Your committee arc decidedly of opinion j found it impracticable to view this Institu-
lltat the loss to the Bank upon this debt, to- [ lion, in any other light, than as an establish-
tlwr with overdrafts, counterfeit checks, I merit to effect great national objects, they
and from all other sources, cannot exce. d
S .1,713,1193. a In-s arising partly from the pe
culiar situation of the monied relations of the
country, but principally from a misplaced
confidence in unworthy agents. But your
'.mmilfoe feel grat tied in saying that a fund
in >re unto sutr,.a..nt ha i been derived Irotn
the previous profits of the Hank, and spcco*
, aH v pledged, and set apart to meet this loss;
besides which it possesses a surplus ol
Y,71,42!) dollars 41 cents, arising from a ba
lance which stood to the credit of the Profit
ami Loss account on the 1st of July last, and
from interest which has actually accrued,
have heen comp lh d to remark that, though
those nhjeets have liven most fully attained,
the Institution itself has not received the
support, winch it is clearly the interest of
the nation to afford.
The past history of the Bank ha? proved
that, where a sens? of moral obligation is
wnntilir. t f I *• cvistin*r arv inudciftiulc lo
•Ii*lcr !lie Agents of ihc Bttnkfiom the com
mission of frauds upon it» vaults. Your
Committee therefore advise that the Presi
dent and Directors present, to Congress a
respect fill lVlcmorial, pay ing—1st, Tiio en
actment of t'iiicacions laws, that ndeipt .te
hut which Ins nut yet been paid, upon 11,'I i punishments may lie inllictcd upon such
portion of the suspended debts which it is
noulidently believed will be ultimately ob-
taii.ed.
The preceding facts, with fhe following
111.lysis, your Conimcttec feel assured will
re ml er the Conviction irresistible, that the
Rank of the United States has nmv arrived
at the point when its Capital may he <!«•-
ci.iroJ to lie sound and entire, while it pos-
tv'Siti contingent interests ol nearly one mil
ium of dollars, to he applied to such objects
its the future administrators of its uflairs may
deem advisable.
Dll. Bnnkoftlic United Slate-,
In el ic kltolders for Capital paid
fa #11,992,139 C3
T!te sum paid, liut ti"t yet ex
tinguished for Bonus, premium
on 4 millions of 6 percent. Co-
verntiient Stock, and for Bank
ing Houses, provided for and to
be eltinguishetl by the setni-an-
mutl nppropriation of #66,000, 2,015,802 15
Kxtiaiirteofall the bases ol the
Euuk, up lo the present period, 3,743,899 00
Uni a nee 971,425 41
#41,732,266 19
OR. Rank of the United States.
By Capital paid in, #3-1,992,139 63
The sum which has been paid
On the Bonus, premium on four
millions 5 per cent. CJoverntnetd
fetich nnd Banking Mouses, and
which will be extinguished by n
semi.annual appropriation ot
#60,000, .... 1,620,000 00
\ ala e of Ranking Houses which
have cost # 834,922 15, but
which at the expiration of the
Charter, ivill not then stand on
(he hooks of the Bank, at u va
in e more than ... 395,802 15
Contingent Fund nf #3,560,-
dOO, which will lie increased by
the transfer of #193,399 from the
balance of the profit and less ae-
roant, as it stood on the 1st Ju
ly Inst, lo cover the losres sus
tained, .... 3,743,999 00
The balance that r ill remain
of wliitl appeal ad In the credit
of the profit and loss account ou
the 1st of July, after having
transferred to Contingent Fund
#193,81‘9 .... 51,897 07
The interest which
has accrued on sus
pended debts a-
moantiigto #1,279,520 54
After deducting
Interest ot. that por
tion which is deem
ed hod, of 511,SOS 20
7G7,712 34
151,816 (fit
Auvni re above par on 37 854
mots 6 ork of the Rank of the
* ailed ‘ tales which it hold.—
ssy 1 I l dars per share,
#41,723,266 19
In addition to the above, the Committee
ff cm it proper tn cxhiltiuhe following brief
rieu ol the present actual situation of the
t tod? of the Bank, and of their disti ibulion •
, I im Capital rf the Rank paid
hi.' v - #34,992,139 (W
Agents ol the Baud us may he godly of
iii.iliersntion in office. 2dly, That lli y ask
an alteration m that part of tile Charter
which requires that all Ihe notes of the
Batik w Inch are payable on demand shall
he received in payment of debts due to the
Governin' lit, inasmuch as this requisition,
as heretofore construed, has not only the
tendency to prevent the Bank from restor
ing to some sections of the country a sound
circulating medium, but it may occur that
tile Bank cannot safely place to the credit
of the Government, in cash, nules at one
office, which according to the contract on
the fact; of them, are payable at a difforemt
and distant office alone, and where only
funds have been placed for their redemp
tion.
Though your Committee are aware, that
not only the convenience of Ihe public but
I lie interest of the Institution require an ad
ditional emission of ils notes, and although
they believe, that with a reasonable degree
of exertion on the part of the cashier these
may he executed and put in circulation,
w bile, the business of tile Bank is confined
to its present limit ; yet they are satisfied
that a considerable extension of tile ordinary
business of the Institution, would render it
wholly impossible for its officers to perform
this service : it is therefore respectfully
suggested, that Congress be prayed also lo
pass a law, uuthnriz og other Agents of the
Bank to sign ils notes, and io the mean
t me the. Committee recommend that the
best means in the power of Ihe I’rcsideut
and Directors be taken, to put in circulation
a large additional amount of notes not ex
ceeding the denomination of 20 dollars.
Your Committee have not discovered
that any serious consequences have resulted
to the interests of the Bank (except those
which haw* been followed by a public ex
posure,) from a want of obedience in distant
agents ; lin y nevertheless deem it proper
to advise that the President anti Directors
of tl'.n Parent Bank keep steadily in view
the absolute necessity of enforcing its own
orders through all the various departments
ofiIm Institution; without which, neither
harmony can be expected it) its adminis
tration, nor security to the interests of its
stockholders.
Your Committee feel mill'll gratification
in being able to state, that the current ex
penses of the Bank have heen essentially
reduced since the year IBID, and while it
might he supposed that the present embar
rassed state of the commerce of the coun
try, anil the limited amount of interest here
tofore divided upon tile capital of the Bank,
are strong admonitions to j our agents to ob
serve the most rigid economy; yet, inas
much as the epic mid edifice in w hich you
are .assembled is now so nearly completed,
they cannot hut recommend that it tie fin
ished, provided the expense shall not ex
ceed 25,060 dollars.
In taking into view the business of the
Bank as connected with its different offices,
the Committee think it right to recommend
to the continued attention of the President
and ytrecfiytj; tfee evsessity of uilWcatving
those Branches which are found to he tin
profitable, and transferring tticir funds to
those offices which shall sewn to require
additional capital.
Your Committee take great pleasure in
unanimously declaring that the circumstan
ces of the Bank fully realize the anticipa
tions of the Stockholders as expressed at
their last meeting, in regard to the Presi
dent, wholly his talents, disinterestedness
and assiduity, have placed its affairs io an
attitude so sale and prosperous, as that the
burthen of duly devolving upon his succes
sor, will he comparatively tight.
TIIOS. ELLICOTT,
Chairman of the Committee of Inspection
and investigation.
Hank of the C . it;J S!at:j,
October I at, 192 2.
EXTRACT
1 ram the Exposition made by Mr. Chevcs,
President U. S. Bank, to the Stock
holders.
The several funds which may be reli
ed upon to extinguish the estimated los
ses are the following: 1. A contingent
fund ol actual profits which has been
reserved of 3,650,000 dollars. 2. Any
excess beyond the par value of 37,954
shares of the capital stock of the Bunk,
pledged to it and standing in its corpo
rate name on the books. Though the
debts secured by these shares are only
estimated at par, they give a claim lo the
Bank which will cover any value be
yond par which the shares many hereaf
ter bear. 3. The stint of 215,796 dol
lars 7 cents, now standing lo the credit
ot protit and loss. 4. The sum of 1,279,-
520 dollars 04 emits, arrears of interest
tine the Bank. It must he remarked
that tins last sum includes interest as
well on debts estimated as bad and doubt
ful as on those deemed good. There is
now no charge on the Bank besides or
dinary current charges, except 60,000
dollars semi annually, w hich will if ap
plied lor Ihe duration of the charter, ex
tinguish the bonus, the premium on the
live per cent, loan, and within a trifle of
forty per cent, of the cost of banking
houses with having been erected, and of
any that in all likelihood will be hereaf
ter erected, as well as the completion of
the building in which you are assembled ;
anil although I have been opposed and
have even entered uiy dissent upon the
journals, to some of the acts of the board
to relation to this building, I neverthe
less do advise as it is so near completion
and is so beautiful a specimen of archi
tecture, that it he finished. It never a-
tratn can he done at so small an expense,
Si never under the superintendance of an
agent more skilful, faithful, economical St
accurate, than the gentleman who plan
ned and has so far executed it. The ad
ditional expense will be small.
It was expected by the stockholders
at the last meeting that the Bank would
have been enabled to have repaired
the losses which had been sustained,
and have made a dividend in January,
1320. Tims the increaseil estimates of
th(> losses and rite stagnation of trade
concurred to prevent, while the same
causes have diminished the amount of
the dividends which have since been
made. It will he seen, however on re-
lerencp to the accompanying statement
that the Bank would have been able to
: have made dividends which would, n©
(doubt, have been satisfactory to Ihe
stockholders during Ihe whole period of
this administration, had it not been in
cumbered, as well with the losses as the
various embarrassments which belonged,
j in their origin, to a previous period,
j 1 he expenses ot the Institution very
soon attracted the attention of the pre
sent administration, but it was not prac
ticable to reduce them immediately.—
An ttccompaii) ing statement however
will shew, that much has been done to
wards the ac -rniplishruent of this object.
The amount is still enormous compared
with the profits growing out of the pro
per operations of Banking, that is to say,
the profits of the Bank, exclusive of the
Dividends received on tlie funded debt
which it holds and which require no
management or expense in the receipt of
them.
The monthly statements of the Bank
exhibit an analysis of the state and cur
rent business of the Bank and the seve
ral Otlices a« perfect as the nature of the
subjects will permit ; but if taken with
out exploitations they tire often likely to
be misled. No attempt at this time and
in this form to give such explanations in
a general w ay would he admissible or
practicable, but all such will he cheer
fully anti promptly given in reply to eve
ry inquiry, on particular points which
in.tv be'pt esented.
You w ill probably desire to have some
notices of the condition of the principal
funds in which the Capital is invested.—
This I will briefly attempt :—
I. The Discounted Paper. The cur
rent paper of thi? Bank and its office? i«
probably as good, or belter, than the
current paper of other Banks, in the
places respectively were it is due.—
There is, however, unfortunately a hea
vy mil's ofsttspended paper on which in
terest is continually accruing, a great part
of which will, no doubt, in time be reco
vered, but which adds little or nothing
at 'he present time, to the ftnJ from
which the Bank is to divide. 'There is
one portion of this which independent ol
the losses already sustained by it, anil
which are included in the estimates, I
consider as very good and produclt-
I mean the forfeited stock ennusting of
37,95-1 shares which may tie r.omuderi d
as a reduction of it capital quit" too large,
to the extent of their par value.
II. The Funded Debt held by tin-
Bank. This now consist?, with toe ex
ception of a very inconsider.iiih: sum
of seven millions of five per sent, slock
subscribed by the Government ; of two
millions of six per cent, stock put-
chased in 1820, redeemable at the
pleasure of the Government ; of four
millions of live per rent, slock ptiri hn?ed
in 1821, and redeemable on the ,'tl-i
of December 1835. The two million
of six per cent, stock, of Ihe L-mn ol
1820, will, in all likelihood, be speedtl
redeemed. The four million? of five pe -
cents, are longer irredeemable than am
other stock of the Government of the
U. Slates, N Itpuce probably this stock is
more valuable than tiny other stock of the
Government of the United Slates. Iti-
quoted higher in the London market than
the ttverage of the six per cent, stork
When the Bank obtained this stork it was
deemed a great bargain. It is now on -
usually depressed, from causes which
cannot be permanent, and some stor k-
holders who urged the Bank lo end-,-a
vour to take it at nnv price, begin now to
doubt whether Hie Institution were not
better without it. If it wore now sold it
a profitable rate, ns it urn he, the ?atne
persons, if it rise, would C' ndeuio the
sale ol it. Leaving those persons thru
to the indulgence of their opinions, it
may he remarked that the more toe Bank
can retain of this stock the better t’-.-r the
institution. It wants active fund? h it
for two purposes : Firstly, to pay the
loan of g 1,000.000, due in London.—
And, secondly, to give additional Capi
tal to its offices. All Ihe offices south of
Bhil(delphia, I venture to se.v. have a?
much capital as they can u-o advanta
geously.
1 cannot stop to give, my reasons for
this opinion. It i? doubtful whether
more than half a million in addition to
ils present funds could be j rofitablv em
ployed at the parent Bank : morn ihnn
an additional million I am satisfied
remittances required, than incur the
suspicion of having misled the holders
• f stock who had made the requisition
I erlmps under the impression that the
II {.’illation was not disadvantageous lo tile
o k, and that it would lie permanent ;
■ to all others, there was no pretend
f claim. There is one case of 354U
-bare- which is under consideration.
Inch ilia bank has heretofore deter
bined not u> be entitled to this privilege,
hut U)i parlies have urged a reconsiders-
ion of it. ! | this be embraced, the num
ber o| shares on who h the bank bus de
tot mined to continue remittances will be
15.3.50. it they be excluded, tbe uum-
bur will be 11,790 shares.
rnon THE I’KMIII.ETON MF.S?ie.XGBR.
AGKICULTUH.VL.
To ascertain the cause of the rot in cotton,
bus caused le -s exertion of talents than per
haps any other evil which ever prevailed in
tbe country, of equal magnitude. Instead
of leaving it for the discovery of superficial
observers as have hitherto been engaged in
ibe business, would a chymist undertake it
> ho is able to analyze the different parts o!
lie plant, it is confidently bclievnd tbe task
would be found roil to be a difficult one.
I nave no pretensions to a sufficient know
ledge in that since lor such an undertaking,
I loerefo e adopted tbe plan which next in
order, promised the greatest pruspict ol
success.
I have lately visited all the plantations in
toy neighoorhood for the. purpose of ob
serving the effect, of previous crops, and
th present method of cultivation—and have
made the following remarks. First, that
the injury is greatest in those fields, which
hav e produced cotton the great) ?! inimbe:
of year? i i succession—Secondly, that three
methods have heen pursued for several
years past, of preparing Ihe land proviuus
lo planting. One is, to open tbe old land-
"i’ll a coulter—the second U> plough them
down, and make new lands io the same
places—third, to fallow the land, and make
new ones io the spaces between tbe old
out.?. Where the first nu-thud lias been
long pursued, the number of rotten pods
are in proportion to tbe sound ones, as two,
or Hirer to one—where the second me
thod lias been pursued equally luog, abotil
half, and considerably less where tbe land
has been prepared in the way last mention
ed ; t ongli the weed is generally not so
large. From these re marks, I draw the fol
lowing conclusions, to wit : Hint though ve-
geia’ion of every kind feeds on the same
substances, yet these substances are differ
ently proportioned in different plants. One
kind requiring more nitre, another more al
not under any circumstances, be profila- | kan, &.r, That by raising the same plants
bly employed at Netv-York, (a great m«-j [ ' 11 *7-''''‘ number ol years io the same
nv crude suggestions to the contrary not-I ll, ‘* '' xIk ' 1 !' 1 Ah'* substance
1 , •- , 111 ,, , , f , "bicti constitutes their favorite, urprmii-
vvivl.stan.hu- :) ant I doubt whether at ,,,„ f as t „ m)dl . r it | t . ss .vr.Juctivre*
this moment a dollar more ought tn be than if cultivated in plants, which principal
added; though I ntn of opinion that n food is some other substance. 1 ack.ow
million ought to be added lo Hie capital b ilge that the argument thus far, only goe
of that office at a proper time, making
thi' capital 2,500,000 dollars. Haifa
million added to the capital of the office
at Boston, making Ihe capital 1,500,000
dollars will be enough for that office.—
All this will he supplied by the redemp
tion of the two millions 6 per cent loan,
undifa lit!ic more be necessary, it will
soon be supplied from the suspended
debt. 1 think therefore, if the Bank
find it necessary to part with a million
and 11 halt of this loan, it ought to do il
with regret ; but it should on no ac
count, part with more. The unextin-
gnislied part of the premium of this !oa
don quotations are 95 a 96, and the e
change in favour of London 10 to 10 1-2
per cent. It is obvious, therefore, that
at the lowest quotations now or at any
other time of this stock, it would realise
Hie cost, in connexion with the rate of
exchange, the ri?e nf which against this
coun’ry, is supposed to be the principal
cause of the depression of this stock.-
There is one error in relation to this
subject which it may be worth explain
ing.
It is supposod by some, that, because
the government of the United States
have not been enabled to convert their
six per cent stocks into fives, that a five
per cent stock is deemed undesirable
how the necessity of a rotation of crops,
but may not the want of that substance,
prevent the due organization of the sap and
oilier substance contained in it, and may ... . , —
not that want of organization, during the(' or ! , e ,,re '^formed that the mnnii
sages) independent ot the mail, Hie un-
dertaing of the stage-driver was that ofn
common earlier, and as such nothing
could excuse the loss except the act of
God or the public enemy. The Court
held further, that no packets of mer
chandise, itc. are within Hie said prohi
bitory clauses of the law, even Iho’ the
envelope contian a wiilten communica
tion, if that communication relate to the
contents of Hie packet.
In republishing tbe report on Steam
Navigation, the editor of the New-Yorh
Daily A'nertiser, remarks ; “ We pro-
sent our readers with an abstract of a
report 011 steum navigation, made by a
committee of the British House of Com
mons-, the principal object of which re
lated to the transportation of the mails
between London amt Dublin. This re-
pori, notwithstanding Hie childish vanity
in inil'ested in it nf arrogating “ oil the
i>!ory of the invention” to England,
Ho.ugh in Ihe same breath it is - • ?,|
lloit the Americans have the merit of
bringing the invention into use, i-nii’aius
an iiilr-iesiing detail of fact.?, and mu h
valuable information. As it respects
tiie glory of the invention, while j| is
acknowledged that to our country belongs
'he merit ol hav ing rendered the p .v t p
of steam, in this mode, useful, we caro
not who claims all ihe residue 0 | the
giorv. To Roekrt Fulton that merit
unquestionably belongs. Ii? beneficial
efiect? on the affairs of mankind can
scarcely be realized, or even imagined.”
[Charlatan Courier. 1
STEAM LAND CARRIAGES.
The Monthly Magazine, September 1,
contains the Engraving a id description of
Gi illitii s Patent Land Carriage, for con-
vejiug Goods and Passengers on public
road? without the aal of horses. Tbe Car
riage here represented and described will be.
wink'd by an engine ut a Seven Horse
Power, and will transport a load of six tons
at ail eii-rage rate ol five miles per hour,
which may be. varied and increased inde
finitely for other Carriages. Tbe general
introduction of tln-sc Carriages for all kinds
of purposes, will constitute a triumph of me-
ehunii s never anticipated by our ancestors.
Literary.—The Official Letters of
Hie Military and Naval Officers of the
United States, during the late war with
Great Britain, together with a number of
valuable historical documents, edited by
5Ir. John Br inoan, of this city, is now
in the press, ami vvill he completed in a
fevv weeks. \\ c have seen one hundred
pages of the work. It is printed on a
fine medium paper, with anew long pri
mer type ; and we think the mechanical
part of the work will do credit to the
printers, as well as the arrangement of
the matter will to the labors of the edi-
lit or ten weeks that the cotton is
cun filled in a very wet state within the pud,
occasion Hi mentation and pulrifactiou.
1 have si***n no field without *ome rotten
cotton, hut not more on fresh land, and on
old land which had heen at rest several years
previous to the present, than might reasona
bly he expected to proceed from an heredi
tary complaint which many plants are sub
ject to.
On land much exhausted by corn crops,
the injury in greater—The cause of which
is about 4 1-4 per coni, anil the last Lon T> l’p'^'Ry he, Hint the car of corn and
..... or. 00 1 ... T° l * 1,1 cotton, are led principally upon
Hi>- raino substance—Ihe pod of one, arid tin
cob ot ihe other, yield more alkali than any
vegetable nuttier 1 have ever tried. Thi-
seeds of cotton contain much oil, so do (lie
grains of corn as in i V be ascertained by
pressing lln-in between two hot irons.
I have ol'len observed, that some fields .
yield a much greater poreion of rotten corn 1 ,3 , ‘ :ir ; many were the
supposed I 1,! c,1rnln S " inter, that
script of Hip whole has been compared
with the originals on file in the Depart
ments ; vv hence, indeed, no inconsidera
ble part of it has been obtained.
[AW. Ini ]
The aspect of the country now fast be
gins to wear the hue of autumn* The
weather has become changeable; cold nights
and cool mornings prevail. beautiful
grei n that so late adorned the foilage of Hie
trees with the coverings of summer, arc fast
fading away, and Ihe. sear and Ihe velluw
leaf now hangs reminding its brighter fel
lows or the approach of winter.—How like
lite is the changing of the seasons:—nay,
every tiling almost that, bath existence 111
nature, beareth 1 e.semlil to the human
voyage. Alas ! the hand of death hath
travelled since we saw the last descent of
yes that hailed
now closed fur-
111 others—Ihe cause of whii
lo be had cultivation, my presem 1? 1 . , . •■•r",
that il proceeds from the same cause as ll:. i ''"parting summer, that fell the
] rot in ( niton, that is, the want of rest, or, - 1 "-' s "L'pnnt; no inure. How fleeting, how
uhftngp of«Top. liansuin! is lib* ! The pine uf the wood
I If «my person h.is imdr the same remark , K rol '* i 8 g«*»ins its strength, its beauty—*
uim| PimD my opinion to he correct, by pub ! * 11 mining's fall, and instantly it stands
jlisl.in- the same, he mijjht render a benefit ?. ,?ar . . " 4 ‘ mi,sl submit,
.to v, ciety, not in the cultivation ol corn a- ." ,n ls } 10 ‘j 1 ^ <av ‘‘ n - Then Id us he
! lone, hut by enabling some person of better rr ^ , ^ n ' ” ? nn< * u ! h'* hell toils, w hen
talents than myscll, to ascertain the cause I . . , u , r , 1 L ' omi ‘ thd must call us to the
fzv,. UUIII 13 WXJX-IIlV.t! ' I 11' I r I I .1 Ilk- (l j > ■ Itivll# 1 * IJ • t It, HI <1 SCI. il <1111 Uie cause | . I | | . - "1*7
broad ; but the government has never i r °t in collon also, if mv opinion is in-1 ./ U< 10,,n 1 <!l us he able to meet death
offered a stock like that ivliid, the Bank C0l " ;cl ‘ FARMER JACK. "R" a pure conscience and a steady net re,
holds in exchange for the sixes. It h
offered a stock redeemable in eight or
ten years. The stock held by the it ink
is not redeemable in less than 13 years
and 3 month?. No stronger proof can
be. given that Ihe sixes would bo ex
changed for such u stock, than the fact
Hint it i? quoted higher than the average
of the six percents, in the London mar
ket.
'The Bank, by a resolution of the 29’ !i
day of Nov. 1810, agreed to remit lo the
holders of the capital stock of the bank,
residing in Europe, the dividends which
should be declared thereon, free of ex
pense. This was deemed a very disad
vantageous and bnrlhensnme engage
ment on the part of Hip bank. Advice
of eminent counsel has been taken, lo
know whether the hank was bound to
continue these remittances, and it has
heen advised that it was not hound lori"er
than it should desire to do so from i'.s
own view? of expediency or advantage.
It was determined therefore to discon
tinue thi? ngpncy except ns to those who
Sum is of Agriculture.—Mr. Sletnson, of
Galloway, N. Y. wlui cultivates a farm of
between 39 and 10b hitch, has received pre-
mim..s from tbe Agricultural Society of
Saratoga eotinly, for ilm In : ; t managed farm
in tin- county—for having raised 62 bushels
of barley on one acre—for having raised
lour and a half I ons of Timothy ha v per acre
('ll eight acres—for having raised 101 bush
el? of corn on one acre—and for having
rai-nj tire largest crop of potatoes in Hie
country.
Liiilr.hlij of Mad Carriers.—The Su
preme ( ourt of Massachusetts, in the
ca«e of Dwight vs. Brewster, and r>mil
carrier, who undertook to carry it pack
et of bark lolls from Northampton to
Springfield, and failed of his undertaking,
that is, the packet was lost on the way-
have decided for the plantin'. 'The
Court decided, that as such a packet tv as
not within Hip prohibitory clauses of the
Lnited btales i.-ivv prohibiting mail car
riers from carrying letters, not mailed,
past an established post office, there
could be no objection to the maintenance
had made regular requisitions or who! of the action on the ground of a fraud
should do so by a given day. As tolpracUseduponthercveniieliylhcDar-
these it was thought better that the bank [ lies ; but that in the transportation of
should make the secrilice which these ! packets other than letters, (written roes-
[ Itahicay Museum.]
newspaper,
'Vo notice an extract from
called Hie “Christian Watchman,” which
says, that a suli.ciiplion of.iUOO dollars a
year, for five years, ban been made up at
Huston, « for the purpose of pulling in ope-
ration a printing office in Asia ;” and that n-
nolfrer of 3001) dollars was got up to pur
chase presses, be. lo start with—all at the
urgent recommendation of a late British
* N’nsul at Smyrna—mark that, of a British
( onsul at Smvhna. People may distribute
their momy Hm-, if lln-y please—but my
humble opinion is, that In: vv ho “ provideth
not for his own huu it-hrdd, (out ofllie mean?
that Ire hath.) is worse than an infidel.” I
have always found enough al home for Ihe
pittances tlint 1 have had to spare, or rather
that I have par', d with without having them
to spare. I trust that there is as much ebari-
ty in my bosom as people generally hnvo—
b t frankly confess, lhat I have no money to
b'-slovv on foreign missions—nor shat) I, un
til there are no meritorious and respectable,
poor n/ home, on u hum the amount of tho
money thus lavished would rotifer real sub
stantial, unaffected, good.— [AY/tV Register,
1 l.e \\ orerster Spy announces, that
the Hon. Jonathan Russell, the present
representative in Congress from that dis*
PTirA, declines being a candidate for re*
election.