Tri-weekly chronicle & sentinel. (Augusta, Ga.) 1838-1877, November 26, 1839, Image 2

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I CHiIOMCI.K AND SENTINEL. AUGUSTA. TUESDAY MORNING, NOVEMBER 2(3. (Jj-’ The Northern mail may l>e ex|ieeted thi« evening. .Should it arrive, our n aders ahull cer tainly be informed of (he fact. Wc devote a oonaidcrablc spare 10-dny to the continuation of the Financial Report. Like a welt written novel, it grows in interest us the plot thickens—hut, unlike all novels, it contains nothing of fiction, but every thing of fact and ir resistible argument. From Key Most. The Charleston Mercury of yesterday says— By the U. S. Mail schooner Thames, Captain Griffith. arrive I at Charleston on Sunday, we re ceived the Sooth Floridian ot the 2d tn«t. The U, S. sehr. Otsego. Lieut. Sljtihriek, arri ved at Key West on the morning of the 2d inst. The Eight ship Key West, after undergoing repairs has main lieen placed on het station in the North West Pass. Four Indians, who had gone to Tampa Bay, with while feathers in their turbans, as a symbol of peace, for the purpose of lidding a talk with the commanding officer of that post, have been taken prisoners and are confined in one of the Block Houses. The Piesidenl bus recognised Thomas Lynch Hamilton, as Consul of Texas, for the port of Charleston, and the Cavaliere I). Roeco Marius colli, ns Consul of the Two Sicilies, to reside in New York. i The Philadelphia North American of the 20th says:—-The brig Emily Davis, anived at tins 1 port from St. Jago do Cuba lie day Indore yes- ' terday. having ns part of her cargo. 22.5110 mul- 1 berry trees, and 24.000 cuttings. We trust, for I the sake n( the shipper, they ore of some new species, for that of miiltieaulis is jual now rattier t unsaleable in these parts.” i The Boston Post,says:—-The most remarks hie case which eumo on yesterday, was that of the Commonwealth of Massachusetts vs, Wil liam Moore, who was charged with having smok ed a -lighted cigar” in the street; hut as U.e prool was that ho only smoked tt pipe, ho was discharged.” The \ uu Burenites of Connecticut, have nom inated John M. N ties, us their candidate lor gov ernor. From B cknrll'g Reporter. Wo discredit the report that the Banks of Philadtdp.na are about to re.-unie specie pay ments. I'hey may do so I y toe middle ut Janu ary, and even then the result eun only bo brought ' about by a system of curtailment; and hence 1 rnu. li inoiietaiy pressure. Flic Legislature would 1 net wisely and Wi ll in allowing the tianiis In is sue small notes, and also in enjoining upon loom 1 a resumption at the end of a year, or a lonemire i I ol their einirler, Croat them li ,e individuals I similarly circumstanced—give them time to to- | ( liaCe t.leirsteps, and colic. I tbcji'scaileri'd luiuts. I il they do nut profit by tins cle.m ney. puinslr * then), hut nr the first place, gr e tlioui a mtr chance. I’tiey are solvent, generally speaking. | ‘ No one duunts it. But many u iieii and solvent I man may labor under tempo, ary itilli oily, I in. Ua \x has, —-1 ho I oionto Examiner of the I3lh, stales •• from good uulhorily,” unit tho Governor General has itilly res ..veil, in compli ance wdh Ins illstruetiuns, to carry iniuelleel the I union o. ifio provinces, without regard to tfio j opinions ol any individuals on one side or the Ollier. Tne same piper intimates that the resolutions i laid bo lore the (Special >i mi lie 11 by the Governor j General in lavor of uniting the provinces, were adopted with ml hesitation ; and that on .Monday ino i Mb, tney were to bo transmitted to Upper U unada. lie port Os the Ciimmleeiuiiere u/i/ju ultil by aulfwritij ij Hit iut euojeci ij tut Uluie F.iiuitcce. — Vtmniiuul, In order to a ju.t opinion upon the merits of this proposition, ii is tieres.su.y. in Hie liisi pluce, to lake a succinct review ot loose uporaLions of too U ut.. Iroiii which a li.cul gain to die estate was* u, uiiu tu tarn iu li.it extent, llto result has been i imii/.fti. At luo u.ue oi die first organization of the Bank, to wit, on die 2dm January, ISr'J, it came into possession ol specie and die mils olcila.lcred banks to tho amount ol sold,lot 17 Ot Bonds, Notes, iVe. to the amount ol 5>355.697 93, ot widen at tfio period ol me first annual repoit on 2d November, 18211, •>! 17,340 U 2 had Deen converted into accommo dation paper running in the Bunk, Bccoidnig to the pioviston o. tne 2d section ol me Giiarler, 117,34 b 92 63d,442 (3J Whereby it appears that 6311,442 09 was tne amount ot me discounts and means ol discounting u,r tne firstyeur ol its operations, 'Foe actual amount ol discounts in Nov. oi tniii year, was 578 833 63 Nell profits loi luai year, were 11,846 20 The sum to al ol discounts in Nov. 18 30, was 720,633 29 Nett jnufi.s for that year, 3o 933 63 Discounts in Nov. 1831, were 872.464 02 Nett proms tor that year, 46,948 97 Discounts in Nov. 1832, were 961,864 04 Net. profits lor that year, 62,ti4 75 Discounts in Nov. 1833, were, 1,011,37 22 Nett p.olits lor lost year, 6u,4tij t7 Discounts in Nov. 1834, were 1,161,752 37 Nett profits for that year, 63,971 96 Discounts in Nov, J 835. were 3.222,042 07 Neil p.oliu,ior mat year, 6u!a3o 88 Disuounuiii Nov. 1836, were 1,192,045 00 Nell profits for dial year, 67,100 1,5 Discounts in No . 1837, were 2,303,40 ( Nell p.oliu ior that year, 136,226 1,4 Discounts Nov. 1838, were 1,951.621 61 Nett p.uu.* i.„ mm y,.ar, 60.902 57 Itial liu* t*u u lit'.it 1 ' *oi.,U4 21 ! o al 1,,f ‘“- ,l “ ,m w,s Wfitch tuese results snow' m‘L!Ti “‘ U ‘ V‘°‘ K to nave been made on j the Capital employed by tne Bank, it must lie borne in mind that the discounts are hated on apilal only, and represent mulling hut capital, and that consequently. whatever amount ol dis counted papn appears al any dine to ha'e been held by the Bank, it is certain that an equal amount of Capital mid come to the bands ol the Hank and was used in those discounts. — I hen inasmuch as all the discounts for ten years amoun ted to 61 1.975.985 73. which makes an average for each year id sl, 197 598 57, it follows I lint the average amount ol the (Slates’ monied Capi tal. which the Bank eac h year employed in dis counts was also the sum of 61.127.698 57. And the average profit thereon lor each year, was 666,613 42, which is equal to an interest of 4 7- Hubs per cent per annum. Whether this he a good or a had business (or the State, in a mere financial view of the matter, depends on tho question, whether the State might riot, with ns much ease, and ns little peril, have realized a belter profit in some other know 11 mode of employ ing the public money. And bee the aforementioned resuhs of her investments in the (Storks of certain of our Joint stock Banking Com panies are at hand, and iurnish a I'eeis ve an swer. For il has already been shown that on her ('apilal of 61,6(15.000 vested in these Banks, she has realized in ten years just above mention ed a clear profit of 6745, 86b 92, which gives an average for each year of 674 586 b 9, and is equal to an interest of 7 4-lbllis per cent, per 11111111111, on the whole Capital thus invested. fflhe Capital employed by die Central Bunk, during these same ten years, had yielded an equal rale of profit, to wit. un mterc.it of 7 4-lb per rent, instead of an interest of 4 7-10 per cent. — then the sum total of its profits for that lime, would have been 6886,222 50, instead of 6565,- | 134 21, whereby the State would have been t di ner In the amount of 6321,088 29; which sum must consequently he set down us so much loss | in ten years chargeable to the policy of having! discarded the old and well tried system of invest- I mg in ordinary Bank Stocks; for the new and I questiona le experiment ol the Central Bank. The very unfavorable comparison, in a fiscal 1 point of view, which it is thus shown, the public ! money employed through the Central Bank sus tains w ith that vested in other Bark Stocks, is attributable to inherent and ineradicable viees of the former system—a system at lint very root ol which lies the principle of sacrificing in a I irgo measure, the general interests of the Treasury to the benefit ol borrowers. Hem e all loans on accommodation paper an made al six percent, interest, when the legal rate in all other eases iseight per ei til.,and when every body knows that money in Georgia has al ways been worth even 11 higher rale. Hei.ce, 100. paper of this sort, which, at the first insli 11- lion of the Banks, was required to he rein wed every six months, and reduced at the rate nl ten per coni, at each renewal, was afterwards subject ed to hut one renewal in every twelve months with a reduction of twenty per cent, at each re newal. Those regulations both in regard to t e rate of interest and the periods of renewal, ami reduction, can he regarded in no other light, than as sacrifices of the interests of the great body of the people, who have 11 deep stake in the prosper ity ol the public finances, for the advantage of the comparatively small numlier who are so fortu mile as in obtain loans of tI.V public money, and who would he still favored anil fortunate beyond most of their equally meritorious felJow-einznis. even if these hums were made at eight per cent interest and ut slim ier periods of renewal and ie duel inn. The consequence is, that the whole people must now make gnnd, by taxes imposed on the t persons and property, the loss of more than three hundred and twenty thousand dollars, which the Slate has, in ten years snH'erod by treating the public money, more as a fund for individualben efit, than fiscal emolument. Then as regards this great and cherished object ol extending to the people, in their individual pursuits, aid and eiiennrageinent through the in strinm I>lnl il y of the public, money, an object to which so h heavy fne.il sacrifices have been por fessedly made for the last ten years, how stands the comparison between itie system ol IheUenUnl Bank and that of investments in the enmmcreiul joint Stock Banks of the State? ('ert.iinly, it is a eo iqiarison decisive against the former, both us regards the mount, and the e/ieetiveness of tin pecuniary help iillorded. us a little exomina ion will clearly show. It has been seen that the Central Bunk has, for the lust ten years preced ing the present, made loans of actual eapiliil be hinging to the Stale, averaging 61. >97.598 57 for each year. Had all this Gupital been invest ed as last as il accrued, in the Slocks of charter ed enniinerei.it Banks, it would have been equiv alent in 61,167,598 57 of capital, employed dur ing the whole of these ten years, in Commercial Banking. The Central Bank, on this capital, made loans no more than equal in amount to ihcsumoi the Copiinl itself. Our ordinary commercial Batiks would upon the same capital have kept out dur ing the wlm.e ten years. 1111 average amount of loans eqn d to double that eapiliil. For it will n «t lie questioned that, ill such times as prevailed from 1829i01838.ii well manage.) joint stick I churl. red Bank, for every in. Limn of capital which it possessed by means of its l«eull\ of combining issue of credit with loans of Capital, have safely furnished to the Country, standing pecuniary facilities to the amount of two millions of dollars. From this fact il follows, that the aid which the Slate has, in the last ten years, exten ded to her citizens, in their individual pursuits, by means of the monied c ipital of the Central Bank, has (alien more than one million, per annum, short of what might and would have been ex tended thtough the instrumentality of the same capital, it it had been invested in ordinary Bank Sinks. This conclusion is ineolrovcn’iblc and it demonstrates how little the people lime, in j 'heir in lividuat capacities, been gainers, dr rather how much they have been losers by the adoption ol a policy, which wont on the avowed ground that any detriment which it might inflict on the fiscal prosperity oflhe St ile, would he more than compensated by the benefit ; t would bring i„ u„. piiv.ite interests and pursuits of her citizens. But another impoilanl view yet remains to he taken on this brunch of h ■ subject; namely, the greater efficiency for good, which a g.ven amount of loans exerts when made in aid ol he import ant commercial oxelumgi sos the eoi ntry, than when dispensed for m r • accommoi alion, and upon long time, l oans of the former eh iraeter. up m being analysed, turn out to he nothing else than an instrumentality through which every mm rapidly, and easily realizes the fruits of his industry and enterprise. It is by means of such loans made by Conimmereinl Ranks to the mer ! ' hmis. that the crop ot the laborious husband man is converted into money at afar price us soon as it enters the streets of our . ommereiiil cities, Ihe merchant having gone in debt to box (he cotton, makes that very cotton pay the debt -V shipping it to he sold iit the sea port where the bill discounted (or him by the Bank is made payable. So by like means, the wh ies de deal er in every species ol merel.a idize, obtains a dis •mint oflhe note on time, given him by bis cus tomer. lor tbe purchase ol g U K |s. and ii thus en aoled at once, to give a convenient ere.iit to that ■nstomer, and to realize also the money neeesaa ry to p.y the debts created by Ins own purchases is they fall due. And ... all these discounts, both .1 lolls drawn lor the purchase of produce an Kites given on the saleol merchandise, are mad. hi short time and must he promptly met in full it mainniy.it is obvious that the sai ie ones, m the course of a year, t,, the help „f , eat noa.ber of person, and transaction*. Tims t acquires a redoubled power far good, by the , .adity and regularity with which it is made to 1 | net. Radiating from its central home in the re spective Hanks to which it n Wil ing at quick intervals again to issue forth, like I lie lilt- lilootl ol the human Iranic, it's kept run i iiing in a ceaseless mid invigorating round. ■ . 1 through all Iho channels of commerce and busi ness, dispensing its generous aliment in all dircc- j i lions and over eveiy interest. Surely, it may ho f - salelv said of a system under which the money let forth hy the Hanks, conies thus actively to the i aid of the various tiansnrtions ot trade, and | eomes too, to the hands of those who have pro duce or merchandise, or some olln r v aluahte coin- I rnodily to olfer in return—that it is greatly more « i assistant and encouraging to I ic industry, prosper ity ami improvement ol individuals and the com munity. than a system under which the same money should he dispensed to those who have not , earned it, who want it for a long lime, who have nothing to offer for it hut their promissory notes, ■ and v, Ini, in fine, a-k for it as a matter ot accom modation, and not as the price of some actual toil, ■ or useful commodity, which they offer in ex change. The latter is the system of the Central Hank, a system under which the public money is set apart for the tpeeial benefit of those whose on ly claim to it consists in the strength and *espec labilitv of the names on the accommodation pa per which thev present. And that the large capital which that Hank has lu-i'ii for ten years distributing ever the State under this system, has been therl y prevented ] from having a useful elfi icney proportlonato to the actual amount of loans made hy means of it, is open to ns little doubts ns is the fact, that the a ount itself of those loans has been on an aver age, one-half less per annum, than would have been authorized and sustained by the same m iss ot capital, had it been vested in the Stock of Com mercial Hanking institutions. Such has boon the working—such the results • of the system ol the I ‘cntrnl Hank, so far as the two great objects of income to the treasury, and assistance to the commercial interests of the com munity are concerned. In relation to the thiol ground on which its ( founders and advocates hive based their support ! of it as a scheme of finance, its tendency, name -1 ly. to secure the integrity and perpetuity of the I fund itself, thus employed in loans.it is a ground vvliirh seems quite ns untenable us those of which we have already disposed. For, examined in reference to this point, the system is liable to the strong objection of expo sing the integrity of the fund to formidable peril from two causes: Ist, from encroachments bv Legislative appropriations; 2dly. from diminu tions by losses aiising from bad debts. In Older I to a just appreciation of the first named danger, it is only necessary to advert to the fact, that ail the monied funds at any time in the Central Hank, or expected to he there, are always at (he nhsoluti disposal of the Legislature, liable to he diverted, at the will of that hody, from their ori ginal destination ol loans to the people, and to he subject! d to other appropriations, either for ordi j nary or extraordinary objects of expenditure. They constitute, in fart, sn much money in hand, the to mi | tation to resort to which is greatly en hanced hy its very aeccsaihlencss, and the conve nience with with It it may hr used to meet the current exigencies of the Government. Thctc was no yielding, however, to this temptation un til the session of 1835. Up to that time, the fund which the Hank was enabled to employ in Inims. so far from having hern diminished hy di versions in other purposes, had progressively in creased, until it reached, at the dale of the Di rectors’ report for that year, the amount of vI .22U.042 07. This progressive increase shows not only that the fund had not then been touch ed for the annual expenses of the Stale, hut also, •hat for the six preceding years, there had been uniform excesses of revenue beyond the disburse ments of the Treasury. For it was from the addition of these annual excesses to the funds previously possessed hy the Hank, (hip the pro gressive increase of its means of discounting ic sulleil. Hut in the year 1835. the Slate, seeing tself possessed of nearly a million and n quarter of money for which it had no other use than to accommodate the people with loans, was led to \ Vvvr\\u*r rcVimuc on i\\o tuxtmnu 1 of her citizens, and to surrender the whole of (he revenue from that source to the respective coun ties in vvliirh it should he raised. From that day, the animal fiscal incomes of the Stale have been inadequate to her mmuul expenditure, and she has hern driven to subsist hy consuming every year some portion of her capital previously accumulated and lodged in the Central Hank. 'I he consequences that followed were natural and inevitable. The means in the Central Bank applicable to loans, whir h had then tofore hern | increasing hy a rapid and uniform progirssion, began thenceforth progressively to decline in amount. In the first year (from November, 1835. to November, 1830 ) they sui.k from isl 232(147, down to $1,102 047. In another year, 1837, (after deducting $1,051,432 09, U. I States deposit of surplus revenue, and $230,000 borrowed hy the Hank to eurry out the dislri! n l lions of that year ) they were reduced to $1,922,- I 034. And hy the end of the third year, 1838, I (after deduc ting again the aforesaid United States , deposit ) they were reduced as low as $900,190, i with mi taking into account the sum of $425,000 f borrowed during that year, under an act of the . Legi-lalure, in order to meet the demands upon r the Treasury, and which being taken into the i account, demonstrates, that the joint effect of the | surrender of taxes, and of the encroachments of . appropriations, lias been, in three years, to reduce • the clear unencutnbered monied capital of the , Sidle in the Central Rank, applicable to loony , , from $1,222 199. at which It stood in November, . 1835 to $475,199, at which it stood in Novem . | her. 1838. ; It is true, that this rapid diminution is mainly I due to the noble part which Georgia, as a Stale, i has taken to hersell in the execution of that mag r nificent and invaluable system of internal im i provement. which contemplates, and will ere long I realize, a thorough commercial connection be tween the waters ot the 1 eunessco and her own i navigable waters, loth interior and maritime. Hut it is also true that iU> whole of the diuiinu lion is by no means chargeable to this account. . On the contrary, no mean fraction ol it lias pro . eroded from the insufficiency of the annual reve- I nue (since the ufoiementioned snr.emler of all . the general taxes) to meet the yearly expenses i ol the State, disconnected with that work. 8o I that even it that great i nlcrprize had never been . espoused hy the Stale, her monied wealth in the > i Central Hank was nevertheless already doomed to certain, though slower ahsorp ion, hy ilWWeei ing and less wnr hy objects of every day'®Rml i ilure. lor the land lund was drawing ’near to . the period of its final exhaustion, ns a sotnee of income; taxation, ns already noticed, had been - formally discarded hy law ; consequently, an era 1 was at hand, in which the whole reliance lor j Iresh receipts of revenue would he thrown on the profits made hy the Central Bunk, and the divid ■ [ ends on the Id.oik stock owned by the State, • i which, together, averaged but sl3 All 9 51. for the ten years ending November, 18Sf and could not he expected to produce, at the utmost, more Ilian $2(1(1,099 per annum, even after the addi l on ol the I nited Stales deposit to the funds of the I auk. in 1837, had nearly doubled its moans ol business and of making profits; whereas the expenses ol the State, in IS2B. ol a permanent ind ordinary charai ter. including those connect, d with the subject of education, amounted to $228.- •0b 37, and w re ot a nature to be considerably minienUd hy the gradual our qiul ition ami the const qurnt increase of the xpc.ise oi sonic ot the hram lies of Government, Whilst an augmentation of annual expenditure vould then he going on, every year would sub tract something (rotu the capital of the Central 1 Bank, and thereby range a diminution of the lu ll.re revenue from that source. These facts all go conclusively, then-lore, to show, that so lar from the system ol the Central Hank having any nirrit, on the ground of its tendency to preserve j and perpetuate the surplu monied fund confided j to it, lor the purpose of lending to the people, , that system, on the contrary, had been in opera -1 lion hut a >ery few years, before it gave rise to a | policy, that, in the course ol some dozen or fifteen | years more, would have caused the whole fund pri viously accumulated, to have vanished in the ordinary annual disbursements of the Treasury. Fortunate, indeed, was it for the lasting grandeur and prosperity of Georgia, that so soon alter this process of petty evanescence commenced, the great project of the Western and Atlantic Rail road intervened to claim and secure to a noble work of permanent public utility, a large propor tion of a fund destined otherwise to have been less worthily spent. Os the second great rause which exposes the public money employed hy the Central Bank to inset urity and diminution, namely, the danger of losses arising from had and irrecoverable debts, nothing that is at all precise or satisfactory can be said. For how is it possible for the members of the finance commission, nr the officers of the Hunk, nr any other person or persons to whom such an enquiry should be referred, to pronounce, with even a tolerable approach to certainty, on (lie goodness and collectability 0f51,817,199 99 ot accommodation notes, in small sums, dis chargeable in five years, and by five equal pay ments, from the dale of the original discount, the makers and endorsers of which are dispersed over the whole State, and of Whose character and con dition, in the main, nothing can he known, ex cept what can be gleaned from the tax hooks and records of their respective counties. The means of judging possessed hy the Directors of the Hank, on this head, on the sth of November. 1838, brought them to the conclusion, that, only $1,019 98 of the discounted paper then held ought then to he set down ns had and lost debts Whether the Stale has been thus fortunate as a . money lender, oi to what extent she has been unfortunate, can never he deter ined with any precision, until the chaff shall he sifted from the wheat, and the good rain gathered into the gar ner. upon the final winding up of the institution and the collection of its availed le assets. Fm the present, the reflection cannot he repressed | that if it shall turn out. that, in a business run ning through ton years, amounting in the aggre gate to $11,975,985 73 of discounts, the great mass of which was upon accommodation pape. of five years time, a loss of no morn thai $1,619 98 shall he sustained, hy reason of bat. debts, it must, forever, he regarded ns somethin) miraculous in the annals of money lending. That, no such miracle, however, is destined to la recorded, is strongly indicated by the fact, that oi the $1,817,1! 0 90 of discounted notes held by (lie Bank, on the sth November, 1838, the sun. ol $462,863 was then lying over, dishonored and $70,215 23 was in suit. And of ;> 134.461 61 of hills of exchange discounted and held hy tin Hank, there was at the same date $112,239 27 lying dishonored, and $12,432 34 in suit. This huge proportion of dishonored paper is indeed appalling, and augur a heavy ultimate loss to the Slate. Under such circumstances, it is console tory to cling to the hope held out at the date o' the annual report of 1838, that only the trifling sum of $1,619 98 will he certainly lost. ( To be continued.J Tnu Pantalktts.—A fashionahleyoung lady of New York, whose frock did not hang any lower than it should do, and who wore dangling bout her feel a pair of half breeches, eotnrnonlv called shin curtains, was lately on a visit to some •fiends in New Jersey where she was arrested and brought before a sensible, plain Dutch ma gistrate, who fined her live dollars and cost, un der the act prohibiting females from appearing in piddle with men’s clothes on. It is expected, o! course, that married Indies will wear the breech es, hut the audacity of putting them on before marriage, the Jersey people think entitled to pun ishment. SnniF.T WOHTH KNOWING.—How to „„|, f three pair of hoots last as long as six, and lon ger : Seasonaiii.e Hints. — The following extract from Col. Maeerone’s “Seasonable Hints,” which appeared In the Mechanics’ Magazine, dated Feb ruary 3, 1838. After stating the utility of sheep skin clothing, for persons whose employment ren ders it net essury that they should he much out of doors, <fcc. he says:—*‘l will not conclude without inviting the attention of your readers to a cheap and easy method of preserving their feet from wit, and their hoots from wear. I have on ly had three pair of hoots for the last six years, (no shoes) and I think that I shall not require any others for the next six years to come ! Th ! reason is that 1 ticat them in the following man- : tier;—l put a pound ol tallow and half a pound j rosin into a pot on the fire ; when melted and ! mixed, I warm the hoots and apply the hot stuff! with a painter’s brush, until neither the sole nor 1 upper leathers will sink in any more. If it is de- | sired that the hoots should immediately take a I polish, dis olve an mince of bees’wax in an ounce i of spirits of turpentine, to which add a teaspoon- i lul of lamp-black. A day or two after the bools ■ have been treated with the tallow and rosin, mb over them the wax in turpentine, but not before | the fire. Thus the exterior will have a coat of wax, alone, and shine like a mirror. Tallow, or any other grease, becomes rancid, and rots the stitching ns well ns the leather; hut the rosin ; gi'es it an antiseptic quality which preserves the i whole. Hoots or shoes should he so large as to i admit of wearing in them cork soles. Cork is so j bad a conductor of heat, that with it in the boot, ! the feet arc always warm on the coldest stone tloor.” .Messrs. Editors : I have tried the experiment, and lam satisfied that all stated in the above ex tract is true. Deeming it selfish to keep this val uable receipt to myself, I sci.d-il to you, that all may benefit by it these hard times. M. Mr. Buckingham the Oriental Traveler, is lec- I luring in Honland, Me. j * M A R K I E D, At Belair, on the 23d instant, Mr. George B. Read, of New Vork, to Miss I mma Rfo.ml, yonh ;ost daughter of George M. VVa.ker, Esq., of Richmond county. On Sunday evening, 25th instant, by- Joseph Burch, Esq.. Mr. Hi » ht Wiggins to Miss Eliza beth C. \\ olfe, all of this county. Consignees per South Caioiit a Tail Head, t ahburo, November 25, 1839. E. T. Cook; G. Robertson; C. J. Cook; Sto vall, S minons & Co., B. Johnson; Gould & Uulklcy; Ralhhoiie Baker; Scranton & Smith; T. S. & G.H. Metcalf; I. S. Beers & Co.; Fra ser & VV.; J. Davidson; T. J. Parinelec; S.Knee land & Son; E. D. Cook; F. Lamback; J. Ros sean; D’Antignac & Hill; Dr. L. D. Ford; T. Dawson; VV. & J. Nelson; W. Robertson; E U. Mosely; Kirkpa rick & Co.; J. M. Coopei & Son; Rees <Sc Beall; J. Sharp; A. Frederick. A. Hutchinson; VV. ri. Hattier; H. VV. Force & Co.; C. U. Hitt; C. Roll; Havil.md, Risley & Co.; Earl & i o.; G. Wuiker; J. F. Henson- Ma her <V Rooney; Dickson & Storr; H. R. Cook Jeffers & Uoulwaic; 1. Levy; Kernaghan & VV.. G. Tar id. -> -J' ■■■LJ . 1 ■ J . "■■■_ ”J -f COMMERCIAL. Latent dales from Liverpool, Oct. 19 Latest dates from Havre Oct. 15 Savannah, Nov. 22. Cotton —Arrived since the loth inst. 2061 bales Upland, and 3h bales S 1 cotton, and cleared at the same time 3160 bales Upland, and 76 bales 8 1 cotton; leaving a stock on hand, inclusive of all shipboard not cleared on the 22d inst., of 3133 bales Upland, and 46 bales S 1 cotton, 'there has been a steady demai d for Upland since our last re port, and during toe last two days, an advance of b ajc in the belief qualities has been paid. The sales comprise z 776 bares,as follows : Oat 9;56 at »i ; 22 at Os; 20) at 0 1 ; 391 at 10 ; 40 at 10$ ; 362 at It f ; 141 at lug; 666 at lUj ; 141 at III#; 673 at there has been sold 3 bags at 37^. nice —ln this article there has been a good de mand throughout the week, and the sales will reach about 700 casks at $3. Corn. —ls selling from store at 86 a 96c, in quan tities to suit purchasers. Flour. —Saks of 200 Lbls. Howard street at a >■; 400 bbls Virginia we understand sold at 7£ — BtccU moderate. Hoy. —ls selling on the wharf at 68 a 76c. Lx change. —On Kngland, nominal. Drafts on New York, at 60 days, la IJc per cent discount; 30 days, 4 a 6 per cent premium; 5 days sight, 8 per rent prern; at sight, 9 per cent premium. Freights. —To Liverpool id dull; N.York 75c. per ba.e. STATEMENT 0E COTTON, NOV. 22. Uplands. S. I. Stock on hand Ist Oct. 1623 118 Deceived this week, 2961 38 do. previously, 7701 66 12186 212 Exported this week, 3169 76 L’o. pr.viuusly, 6883 90 9G62 166 Stock on hand, including all on ship board not ' cared on 22d Nov. 3133 46 .— 1 "■ —' ■ MARIA E INTELLIGENCE. Savannah, Nov. 23. Arrived yesterday —Ship Newark,Soullard,New Yo.k; steamboat Uer.eral Ujrnch, Jirooks, Black reek. Sailed —Ship New Jersey, Dickson, Liverpool. Charleston, Nov. 25. Arrived on Saturday —('. 1. I rig liucnos Ayres, tuart. New York; I . L. brig Lawrence, » obb, New York; schr Uregon, Meldrum, Wilmington; sclrr Hold Commander, Wing, Middletown. Arrived yesterday —Ship St. Lawrence, Bunker, New Vo.k; U. 8. 6.ail schr Thames, Griffith, Key West, via Indian Key; schr John Kstell, Ree,Rich mond, V a. Cleared —Line brigCalharinc,Delano,Baltimore; U. L. brig Still Ivan, Brown, New York; brig Frank- i in, Baxter, Boston; schr Elizabeth, Tlnarn, Ha vana. : ' " —I (ffl’A. IVERSON is now prepared to resume his rofessional duties as a Teacher of Music. Or ders left at T. 11. Plant’s book store, or at Mrs. Carnptield’s boarding house, will be promptly at tended to nov 26 (p- EXCHANGE ON NEW YORK— At sight, and at one to twenty days sight. For sale by nov 23 GARDELLE & RHIND. (X_) Or. HOOK having removed t) the city, of • fers his'professional services to the citizens. He can te found at his residence below the Eagle & Phoenix Hotel, Phinizy’s white building, nov 23 3t A REAL BLESSING TO MOTHERS. Dll IV EVANS ’ CELEBRATED SOOTHING SYRUD. for Child/ cn Cutting their Teeth.-- This nfal iblc remedy has preserved hundreds of chil dren, when thought past recovery, from convul sions As soon as tire Syrup is rubbed on the gums, the child will recover. The preparation is so innocent, so efficacious and so pleasant, that no child wi.l refuse to let its gums be rubbed withii. U hen infants arc at tire age of four months, though there is no appearance of teeth, one bottle of the Syrup should bo used on the gums, to open the pores. Parents should never be without the Syrup in tire nursery where there are young children; for if a child wakes in the night with pain in the gums, the Syrup immediately gives case, by opening the pores ; nd healing the gums ; thereby preventing convulsions, fevers, &c. Sold only at Dr. IVm. Evans' Medical Office, 100 Chatham street, New York, where the toctor may be consulted on all diseases of children. PROOF POSITIVE Oh' THE EFFICACY OF Dr. EVANS’ SOOTHING SYRUP.—To the Agent of Dr. Evans' B athing Syrup: Dear Sir—Che g.eat benefit afforded to my suffering infant by your Soothing Syrup, in a case of protracted and painfu dentition, must convince every feeling pa rent how essential an early application of such an invaluable medicine is to relieve infant misery and torture. My infant, when teething, experienced such acute sufferings, that it was attacked witq convulsions, and my wife and family s pposed that death would soon release the babe from anguish. I ill we procured a bottle of your Syrnp; whic h as | soon as applied to the gums, a wonderful change was produced, and after u few applications the ! ehnd displayed obvious relief, and by continuing in i its use, I am glad to inform you the child has corn- I plelely recovered, and no recurrence of that awful 1 complaint has since occurred; the teetlr are ema ! nntii g daily and tire child enjoys perfect health, j 1 give you my i heerful permission to make this ; acknowledgment public, andwill gladly give any information or. this circumsti nee. WM. JOHNSON. TOXIC FILLS. —The powerof Evans’Camomile Pills are such, that the | alpitating heart,the trem ulous hand, the dizzy eye, and the fluttering mind, vanish belo.e their elier U like noxious vapors be fore the benign inflnei.ee of the morning sun They have long been successfully used for the cure of intesmittent>. together with fevers of the irregu lar nervous; kqjJ, accompanied with visceral ob structions. 1 his tonic medicine is fo*.nervous complaints, ercral dcbi.ii> . h digi stion and its consequences, or want of appetite.distensionof thestomach. acid ity. unpleasant lasie in tire mouth, rumbling noise in lire t owcls. nervous symptoms, languor, when the mind heroines irritable,despending, thoughtful, me.and.o y, an.i dejected, iiypochondriucism, con sumption, dimness of sight, delirium, and ail other nervous alli-ctiulig, these pills will produce a safe and |eimatientrme. Evans' Camomile Pills were first introduced into America in 1836. EVANS' FAMILY APERIENT PILLS are purely vegetable, composed with the strictest pre cision of science and of art; they never produce nausea, and arc warranted to cure the following diseases which arise from impurities of the blood, viz Apoplexy, unions Affections, Coughs, Colds, Ulcerated Soi e Throats, Scarlet Fever, Asthma, Cho lera. Liver Complaints, Diseases of the Kidnies and Bladder, AJjeclions peculiar to Females, ai d all those diseases ol wl atsoever kind to which human nature is subject, where the stomach is affected. More conclusive proofs of the extraordinary effi racy of Dr. Wm. Evans' celebrated Camomile and Aperient Anti-Bit,i us Pills, in alleviating afflicted mankind.— Mr. Kobert Cameron, 101 Bowery.- Drsease—Chronic Dysentery, or Bloody Flux- Symptoms, unusual flatulency in the bowels, se vere griping,frequent inclination to go to stool, tu nusmus, loss of appetite, nausea, vomiting, ’fre quency of pulse, and a frequent discharge of’a pe culiar foetid matter mixed with blood great debility sense of binning heat, with an intolerable bearing down ol the parts. Mr. Cameron is enjoying per fect health,and returns bis sincere thanks for the extraordinary benefits be has received Sold by ANTONY & HAINES, x„ „ m „ Sole a g cn G in Augusta n" «■**! HR, Savannah, , ii'A i CttRLN & Co., Charleston, , . HABP Ar ELLS, Milledgeville, L. A. KLLS, Macon. A. W. MARTIN, Forsyth " m. H. VV ELLS, Druggist, Athens. MARK A. LANE, Washington. i July 23 6 * i \ \ S\ \ , .W* Th « «j noJ of South Carolina and Georgia will meet in the city of Augusta, Ga., on the 4th 1 hursdayo f November next, at half pastb - o'clock LiL nov 19 d&wtd CT We are authorized to announce WmTv KERR, as a candidate for the office of She riff of Richmond county, at the approaching election oct 31 td Op* w * are authorized to announce JAMES McLA WS, Esq. as a candidate for the offices of Cleric ol tire Superior and Inferior Courts of Rich mond county, at the approaching election, oct 31 (O* We are authorized to announce ANDREW MACLEAN, as a Candidate for Sheriff of Rich mond county, at the ensuing election, nov 13 td TO THE VOTERS OF RICHMOND COUNTY Fellow citizens:-! offer myself as a candU date lor the office of Sheriff of Ric hmond county, at the ensuing election, a „d respectfully solicit your support. * J . n "g |7 BENJ. BRANTLY. O' We arc authorised to announce Mr. JOHN C. SNEAD, as a candidate for the offices of Clerk of the Superior and inferior Courts of Richmond county, at the election to be held on the first Mon day in January next. aUg , 9 aut,loiize( l announce WM. II MAHARRi, as a candidate for Sheriff of Rich mond county, at the approaching election a nov 7 % iO IV. G. NIMMO, General i ommission Mor clrant, office on Mclntosh street, opposite thei’on stilutionalist. nov 7 0O Hr • R- HARRIS oilers his services in the practice of his profession to the citizens of Augus ta and its vicinity Mis ages win receive prompt attention if left at Iris drug stoie in Broad street or at Iris residence in Ellis street, below Washing- nov 7 Hr. W. EWING JOHNSTON, oli.ee Mcln tosb street opposite the Constitutionalist, nov 13 C 3“ Doctor J. J, WILSON offers bis profes sional services to tire citizens of Augusta and its vicinity. He will be found at his residence, tire * first brick building above Gnedron’s stable on Ellis street, recently oeouj icd by John L. Adams. r .-*"* l7 ts _ / Hj al CARD. —Mr. BiciiAßLSjTcacfierof Draw ing and Fainting, will resume his professional du tjes in Augusta at an ear ly day. nov 7 (Tj MRS. INGR ..HAM would inform her fr iends and customers that she will open on Monday next ! Bth inst., ai the store on Broad street recently oc cupied by Mrs. Hoffman, a very rich stock ol French, English, Italian, Swiss and American Goods, selected with much care.and adapted to the present and approaching season. Also, the latest Parisian, English and American fashions for Mil i ncry and Dress Making. 'I ho ladies in Augusta, Hamburg, and from the country, are respectfully invited to call. nov 15 d2lsw2w * NOTICE. —The Rail Road Passenger Train, between Charleston and Hamburg, will leave as follows: UPWARD. Not to leave Charleston before 7 00 a m. “ “ Summerville, “ - -S 30 “ “ Georges’, - “ - 10 00 “ “ Branchvillc, “ - 11 00 “ “ Midway, - “ - 11 30 m. “ Blackville, - “ . 100 p. M “ “ Aiken, - - “ . 3 0b Arrive at Hamburgnotbefore - 409 DOWNWARD. Not to leave Hamburg before 6 00 a m “ “ Aiken, - “ - . 730 “ “ Blackville, “ - . 930 “ “ Midway, “ _ - 10 30 “ “ Branchville “ - - 11 pp “ Georges’, “ - . i2.COm. ‘ “ Summerville,“ - . 2 fiti P . * \ Arrive at Charleston not before 3CO I * Distance—l36miles. Fare Through— $lO 00. Speed not over 20 miles an hour. To remain 20 / | minutes each, for breakfast and dinner, and not longer than 6 minutes for wood and water at any station. To stop for passengers, when a white flag is hoisted, at either of the above stations; and also at Sineaths, Woodstock, Inabinet’s, 41 mile T. O. Rives’, Grahams, Willcston, Windsor, Johnsons, and Marsh’s T. O. 1 Passengers up will breakfast at Woodstock and dine at Blackville; down, will breakfast at Aike and dine at Summerville. may 21 INHE subscriber is prepared to make advances on cottons shipped to iris friends in Liverpool. He will also advance on cotton shipped to Charles ton. (nov 21 1m) ADAM JOHNSTON. DRAWING & PAINTING ACADEMY, masonic hall. ADDISON RICHARDS, Artist,respectfully JL • apprises the community of Augusta, &c., that he will resume his classes in Drawing, paint ing and Perspective, on the second Monday in De cember. His rooms are now open to tire public andwill remain so until that period, (De ember 9th.) Those who favor him with a visit will i.nd, besides previous productions, a number of original Oil Paintings of Landscape, Fruit, &c., executed during the past summer. Also, many new Water Color Drawings of Flowers and Landscapes, added to which, a Port-folio oft.riginal Pencil and Tinted Skct lies. In addition to this gallery of his own productions, he has collected copies of the test English and American Elementary Drawing Books and Prints to be obtained in tire U nion, which must prove a valuable auxiliary to pupils in theii studies He gives instruction in Landscape, Fruit and Marine Painting in Oil Colors; Landscape and Flow er Drawing iu Water Colors; l-epia and Indian Tinting; Pencil Drawing and Perspective. A Night Class, fur the tuition of gentlemen, com mences also on the 9th of Decern I er. N. B.—Mr. R. will make sfetihes of Bin dings and Landscape i cenery, Drawii gs of Patents, paint Military and < ivic Banners, ac. I.e will aso supply all orders for Portrait and Picture P rimes, u av 23 ts TURNING* CARVING, CAIiINET MA KING AND REPAIRING. JOHN VV. WALKER respectfully informs his fr iends ar d tin pub ic, that he has removed a short distance Iroin firs old stand, i c is still on Ellis street, tire first iiouse from the south coiner of Ellis and Campbell streets, near .fir. Duffy’s cooper shop, and a short distance rom the theatre ; and is prepared to lurn and Carve any and every thing for Carpenters’ work. Ali kinds of Cabinet Work ma le to order. All old P urniturc repaired and cleanrd, in a superior manner. All kinds of Musirai Instruments repaired—either musical or lurnilure parts. A great many other things can be repaired, from wood, brass, copper, silver and gold. fie hopes his friends will not delay rn sending their work as soon as possible,as he h. s been broke up in business nearly four months and has a family tuiLppurt.aiid houses to rent, and all from his own labor; so he must have the cash when the work is done. Augusta, Nov. 23, 1539. 2md RACES POSTPONED, IN conscqucrii e of the recent afflictions upon the city of Augusta, the proprietor s of the Lafay ette Course deem it proper to postpone their annual December meeting until the z7th of January next, at which time fine sport may be expected. Monday, 27th January, ( olt Make, Tuesday, J. C. purse S4OO, 2 mile beats, Wednesday, “ “ 700, 3 mile heats, Thursday, « “ 1000, 4 mile heats, Friday, “ “ 400, 1 best 3in 5. nov 23 CTT'Dre Charleston Courier will copy the above weekly till day. 4 CLOAK FOUNp.—A Camblet Cloak was il. ibund about two months ago, at night, near tire Beaver Dam ; it was not advertised sooner or/ account of the illness and absence from town o' 1 the tinder. The owner can have it by enquiring \ at this office and paying for the advertisement. I nov 7 , DR. ANTONY, of Hamburg, having removed to ' Augusta, offers his professional services to ’r the citizens of the dity and neighborhood. His of fice, for the present, will be at the dwelling lately j occupied by Doctor Milton Antony, on the North 1 corner of Green and Centre streets. 1 o the citizens of Hamburg, and adjoining coun- \ try, Dr. E. L’Roy Antony, feels it bis duty to re- I turn his grateful acknowledements for Hie kind I treatment he receivad during his long stay with them, and hopes by future punctuality 10 merit a continuation of the same. lir.trw