Southern recorder. (Milledgeville, Ga.) 1820-1872, October 29, 1822, Image 1

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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.