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WILLIAM E. JONES & Co.
THE CHlto3ll* EE AM) SENTINEL
PUBLISHED,
DULY, TRI-WEEKLY, AND WEEKLY,.
At No. Broad-street.
terms:
Dailj paper, Ten Dollars per annum, in advance-
Tri-Weekly payer , at Six Dollars in advance or
Sjven at the end of the year.
Weskly paper, Three Dollarsin advance,or Four at
the end of year.
AND SENTINEL.
A U G U STA.
FRIDAY MORNING, NOVEMBER 29.
We find in the Philadelphia Courier A En
quirer of Monday, received last night, a large ta
bular statement of the a Hairs of the United Slates
Bank, which we did not have time to examine.
From our Correspondent.
Milledgeville, November 26, 1839.
IN SENATE.
Bills reported. —Mr. Batesfrom the joint com
mittee on the Penitentiary—To revise, amend
and consolidate the rules for the government and
police of the Penitentiary of the Stale of Georgia.
I am much pleased that the honorable commit
bteo have perceived the glaring inefficiency of the
present police and rules ol this institution, and
think many of the suggestions made in the alter
ations proposed, to be necessary anti wholesome.
Mr Bryan, of Stewart —To authorize the Jus
tices of the Inferior Court to elect < Jerks of the
Court of Ordinary, in the several counties in this
State.
The President of the Senate laid upon the ta
ble a communication from T. Haynes, Treasurer,
submitting to that body the determination of the
question of the liability to taxation of the bank
ing stock of the Georgia R. R. & Bk. Company.
The correspondence and question was referred
to the judiciary committee.
On motion of Mr. Lewis, the Senate concur
red in the resolution appointing the Senator and
Representatives from Baldwin county, ex olficio
additional commissioners for the Lunatic Asylum.
The Senate took up its special order to wit:
l|ie bill to amend the several acts authorizing the
construction of the Western & Atlantic Rail
Rond.
After various motions, and an animated discus
' sion during the morning and afternoon, the bill
was laid on the table for the balance of the ses
sion, by a majority of two—43 to 41.
IN HOUSE OP REPRESENTATIVES.,
Bills introduced. — Mr. McDougald—To au
thorize and require the Judge of the Superior
Courts of the Chattahoochee Circuit, to hold ad
journed terms of the Superior Courts for the
counties of Talbot, Stewart, Randolph, Lee and
Baker, in certain cases.
Mr. Cleveland, from the select committee—
To revise, amend and consolidate the rules for the
overnment of the Penitentiary of the State of
Georgia.
Bills passed. —To authorize his excellency the
Governor, to furnish the Jackson county Volun
teers with amis, Ac.
To remove and make permanent the site of
the. public buildings in the county of Dooly.
To prevent obstructions to the navigation and
free passage of fish in Chattooga river, in the
county of Chattooga.
For the relief of Willis 11. Hughes and John
W. Bossctt, from further liabilities as securities
of John Simmons.
Bills lost and Juncd. —To lay out and organ
ize a now judicial circuit, and to reorganize the
circuit.
To amend the 26th section of the judiciary
act of 1799, so far as regards stay of executions.
This was Mr. Tarver’s extraordinary allevia
tion law; and, had it have passed, would have
been an indellible stigma upon Georgia’s (air es
cutcheon. disgraceful to her Legislature, and ut
terly ruinous to the credit of her numerous and
highly honorable mercantile community. It was
manfully fought for with a devotion worthy of a
better cause by Tarver himself, and Mr. Stell of
Stewart, but resulted a Waterloo defeat; the vole
being for it 7, against it 157.
To amend the acts incorporating the town of
Brunswick.
To appropriate a sura of money to put in good
repair a road fiom Clayton, in Rabun county, to
Blairsville in Union county.
A bill was also introduced in the House, by
the joint standing committee on the judiciary, to
continue in force the act passed on thn 7lh De
cember, 1812, entitled an act to amend and ex
plain the 29th sect'on of the judiciary law of
this State, and to require non-resident’s attorneys
to pay costs in certain cases commenced by them.
This bill is understood to bo introduced to
make uniform the conflicting decisions of the va
rious judicial circuits in relation to attorney's lia
bilities,
November 27.
In the Senate to-day, the motion for the recon
sideration of the action of the Senate on Mr.
Dunagan’s bill (laying it on the table) in refer
ence to the Western and Atlantic Rail Road,
called out at some length Messrs. Bates, Crane,
Kelly, Jones of Lee, Gordon, and Harris of War
en. lam pained to hear avowed sentiments o
State policy of so narrow and contracted a char
acter, as some honorable gentlemen opposed to
this great enterprizo have not blushed to maintain.
12 o’clock m.
The Senate are yet discussing the motion for
rcconsidejation. lam afraid that there will be a
reconsideration. The efforts of those in favor
of it are Herculean.
P. S-—Mr. Cone, the poet, (member from
Camden,) a man of much native humor, was
enquired of this morning, when Col. Crane
concluded his speech, “what he thought of him?”
“More of a goose than a Crane,” he repbed.
How to stop a Newspapeii. —A western
paper says—“ Call at the office and fork up ar
rearages, and order it stopped like a man ,- don’t
refuse to take it out of the Post Office, and sneak
away like a puppy."
For the Chronicle 4- Sentinel.
Messrs. Editors: — l have been looking
with deep interest at the proceedings of our le
gislature, in relation to our Banks; not that I am
either stockholder or director in any of them, but
that I considered their present position before the
public as one of gieat importance to the people,
and one that should he well looked into by our
representatives. I, for one, believe that nil our
solvent Banks should ho sustained for a time, a t
least, in their suspension of specie payments; not
that I would indulge them in such a course for
their own benefit, but for the public good, and in
allowing them to go on and do business under
such circumstances, it becomes the duty of our
representatives to lay all the guards around them
for thn protection of the people, that the extraor
dinary position of the Banks demands. The
question will then present itself,what kind of pro.
toction can bo given to tho public, more than al
ready exists! I will make a few suggestions
which have been presented to my mind by a long
course of dealing with Banks and a general
knowledge of their business operations in Augus
ta, and elsewhere for many years past. If lam
not greatly deceived in the operations that are,
now going on by some of onr Banks, they cry
aloud for the very things I will suggest. Why
is it that so few persons in our commercial com
munity can raise money to pay for cotton ?
Why is it that some of our Bank Directors have
recently become our most extensive cotton pur
chasers? Are some of our little concerns ape
ing the monster over which Nicholas presided,
under the impression that they can carry out the
plan better than ho did ? But to the point. I
propose as a remedy for some of tho evils that
now exist, and as preventatives of greater evils
that may arise under tho suspension, that the Le
gislature pass a law limiting the amount of issues
during the time of suspension to tho amount of
capital actually paid in. That the accounts or
liabilities of all Bank Directors and Cashiers, or
houses with which they arc connected in busi
ness be limited to $ during the time of
suspension. That all Banks be strictly and un
equivocally prohibited from trading or dealing in
produce or property of any kind. That a Board
of Bank Commissioners bo appointed by tho Le
gislature, wiiose duty it shall be to examine
strictly into the affairs of every Bank in the State
that has or may hereafter suspend, and that they
publish in at least four of tho public Gazettes of
the State, once in every three months, a true
statement of the condition of each Bank; which
statement shall he made tip and founded on their
own personal examinations and not from any
statement by the Bank or its ofiiccrs. This Board
may consist of as many as may be thought ad
visable or necessary to perform tho duites, hut
not less than three shall be competent to make
examination of any Bank; and it shall he the
duty of all cashiers to facilialc said commission
ers in such examination, and on the refusal of any
Cashier or Board of Directors to allow such ex
amination to be made, it shall be deemed and ta
ken as a violation of the charter of the Bank so
refusing, and the Attorney General of the circuit
shall forthwith issue a scire facias against said
Bank, on notice being given by the commission
ers of such a refusal, or take such other measures
as will compel said Bank to close and discontin
ue business. It may bo, and will bo said by all
those in favor of allowing the Banks or their di
rectors to do just what they please, that such a
hoard of commissioners is unnecessary. I agree
that in ordinary tim s it might not he absolutely
necessary, but even then it would do no harm.—
But I contend thatthe present is an extraordina
ry time, and calls for extra Legislation to meet
the emergency. Why have our Banks suspen
ded! The answer must be that it was to meet an
extraordinaiy demand for specie, and to protect
themselves they resorted to the measure, relying
on the good sense of the people and the necessity
of the case to sustain them in the violation of their
promises. I then call on our Legislature to pa-s
such laws as will protect the people from imposi
tion and cause the Banks to lend their aid to the
commercial community, and not confine the loans
to a little clan of Bank directors. If our Banks
are, as many believe, refusing
to regular business men, lest they bring competi
tion into the cotton market, and thereby increase
the price so that they themselves cannot shave
the planters. Bo this as it may, it is well known
to business men that the Banks have it in their
power, during the suspension, to withhold facili
ties from the commercial community, and enter
the market themselves, and monopolize the cotton
crop at extreme low prices. And to avoid such
a contingency, I hope our Legislature will adopt
some plan such as 1 have suggested, or some oth
er, so that the Banks may be restrained and kept
within proper bounds. If it be said that there is
no danger, I would reply that no Bank under the
management of an honest hoard will object to the
proposed restraints, as it will not interfere with
anv regular or proper business of Banking. And
moreover it will give confidence to the public in
AUGUSTA, Ga. SATURDAY MORNING, NOVEMBER 30, 1839.
r the stability of our Banks, that arc properly and
I'.iithlully managed, and enable the people to judge
i what Banks ought to circulate, and which ought
s to be put down. PUBLICO.
From the New I ork Times,
Arrival ol' the ISritlmli Queen.
TEN DATS LATER FROM ENGLAND.
The Magnificent steam ship British Queen,
Lieut. Richard Roberts, R. N., commander, arri
ved on Saturday evening a little after 8 o’clock.—
She was telegraphed about 5 o’clock, P. M„ and
groat anxiety was manifested by our citizens for
the news.
The British Queen left London on the Ist hist,
and Portsmouth on the morning of the 4th, bring
ing letters and tiles of newspapers from each place
to the day of sailing. Her long passage is main
ly attributable to her having taken a southern
route.
Neither the steamer Liverpool nor tho packet
snip Wellington had arrived when the British
Queen sailed; of course the Bank suspensions
wete not known in England,
I he news by the British Queen will he found
remarkably interesting. She brings out 180 pas
sengers.
The money market was without much variation
British stocks were about tho same us per lastad
viees. The continental exchanges were without
alteration, merchants bills were scarce, and the
Bank of Lngland had exhausted the two millions
negotiated with the Bank ol France. Efforts were
making to extend the accommodation with tho
Bank ol Fiance to four millions.
I ho Cotton Market was considerably depress
ed. Tho sales of the week closing Oct. 26,
amounted to 24,500 bales, including 500 Ameri
can, on speculation, and 3,300 American and 150
Surat, for exportation. A decline, during the
week, had taken place in prices of l-8d to l-4d
per Hi. in the common and middling qualities ;
and l-4d to 3-4 d per lb. in the better qualities.
See Commercial Correspondence dj-c.
The Corn Market continued well supplied with
foreign grain. The arrivals at London of foreign
wheat, for tho week ending Nov. Ist, were 19,882
quarters. The harvesting throughout Great Bri
tain was about completed, and although tho crop
was better than anticipated, yet it did not amount
to an average.
American securities are not the least dealt in.
A London paper says: “This is caused by the
unsettled slate of commercial affairs between the
two countries;” little faith is placed in any of
the bonds offered here for sale, and it is not prob
able any tiling will bo dona in any description till
the turn ol the year. Jt is then to be hoped, if
the dividends ajo regularly and punctually paid,
prejudice will give way to sound and honest
judgment.
There appears to be little doubt that Queen
\ ictoria has resolved to bestow her hand on
Triiico Albert, ol Saxe Coburg, who has for some
time been her majesty’s guest. Her intention
will, it is said, bo announced to Parliament when
it rc-assemblcs, in December. Rumor says the
espousals will take place in April.
The Hon. Daniel Webster was in Paris on the
24 lb of October.
There have been several shocks of earthquakes
in Scotland, particularly in Perthshire. The peo
ple were dreadfully alarmed.
An attack was made up-.. ‘L. King ot the
French, tiic aOth ultimo, by a maniac named
Stephanie Girault, who threw a stone into the
royal carriage, and was immediately apprehended.
Mr. Wheaton, agent of the United States, has
obtained an important concession from the Con
gress of .German Customs. They have granted
a reduction of duly on the principal article ofim
port from the United States—which we naturally
conclude to be cotton.
A Battle in India. — The Dethronement
of the Rajah. Su/lara—Siege and Capture of
Chnznte. —J he English papers are full of exul
tation, in consequence of news from Bombay, in
relation to the British possessions in India, inclu
ding the dethronement of tho Rajah of Sattara.
On the 23d of June, the British artillery opened
a tremendous lire upon the citadel of Ghuznec,
which, garrisoned by 3,590 Afghans, and com
manded by a son of the Ex-King of Cabool, was
speedily captured. SUO of the garrison were
slain, and the rest taken prisoners. The Br : tl. h
lost 191 in killed, wounded, and missing. The
effect of this victory was the dispersion of Dost
Mahomed’s army, and the peaceable entrance of
Shah Soojah into tho capital of his dominions.
Paris papers state that eighty-nine failures oc
curred in Paris during the month of September,
for sums exceeding; in the whole, 6,300,000 francs.
In October, the number of bankrupts would not
be much inferior, for on the 23d, it already amoun
ted to seventy, whose debts were estimated at J,"
600,000 francs.
MONTHLY STATEMENT OF HANK OF ENGLAND.
Liabilities. Assets.
Circulat on, 17,612,090 I Securities, 24,939,000
Deposits, 6,734,000 | Bullion, 2,525,000
£24,346,000 £27,464,000
OTHER HANK CIRCULATIONS.
Private Bunks, £6,517,657
Joint Stock Banks, 4,167,313
Foreign stocks of every description in London,
were at a low ebb. Nothing of importance doing
in any of them. One of tljo English papers
stales that little or no more specie can bo expected
from France.
The following is an extract from Ike London
Correspondent of the New Y’ork Courier and
Enquirer, of the date of Nov. let.
'Flic position of the Bank of England, is there- j
tbre at this period, one of a very pecarious de
scription; a suspension of cas i payments being
almost certain under any circumstances, and this
being at once precipitated by the operations of
thejoint stock hanks.
The negotiations for a recognition by England
of the independence of Texas have failed for the
present, in consequence of the inability of Col.
Henderson to this government on the question of
slaves, which Mr. O’Connol and Messrs, Sturgis
and Scoblo have been so ignorantly meddling
with for some time past. Mr. Kennedy, a gen
tleman who has traveled in Texas, is explaining,
with the greatest ability, in the Morning Chron
icle. the true state of the new country in all its
relations;-and the writings of this enlightened
gentleman will soon remove the effect of the vio
lent and vulgar railings of O’Connell, and
good natured. but contracted and senseless lec
tures and letters of Messrs. Scohle and Sturgis.
The accounts from the manufacturing districts '
are generally gloomy—for the scarcity of money i
and the falling off in the export trade—causes a
strong belief that the cotton mills will not be
worked for more than three days of the week of
the ensuing winter months.—Cotton after decli-i
ning about £d since the departure of the Groat
Western, has recovered about |d per lb, the
market at Liverpool yesterday having been bus- !
tainod, and tho sales 5900 bales. This improve
ment in the market has been unexpected, and no J
ij confidence in its continuance is expressed in the
i | letters from the hugest houses engaged in the
1 trade.
From Hu: Norfolk Beacon,
From Bermuda.— Wo arc indebted to a com
mercial house in this place for tiles of the Ber
muda Royal Gazette ;o the 29th ult., which we
have looked over, and gather the following items:
The American schooner Triumph, Captain
Burnham, out seven days from Boston, hound to
fc>t. Domingo, with an assorted cargo of provi
sions and lumber, struck on the rocks to the
north of Bermuda, about 10 o’clock on Saturday
night last, and was compelled to throw over her
deck load, consisting of 3<>,000 feet of lumber.
Through assistance from the shore she was got
oil on the following morning, and taken into St.
Georges.
The slave schr. Clara had arrived at Bermuda
from New Vork, and placed in the Court of Ad
miralty to be dealt with as a pirate.
The Gazette mentions that the American Re
gisters found on board of the prizes made by the
British cruizers are said to be obtained from Mr.
i rist, at Havana, and that a greater number of
slave vessels are now building in Baltimore than
were ever known before.
The Gazette seems unwilling to admit that the
crop in England is as short as it is represented to
bo in the papers of the United States.
'The intelligence of the suspension of the Phil
adelphia and Baltimore banks, and the termina
tion of the war in Spain was published in an
extra from the Royal Gazette on the 261 h ult.
The health of the Island was good. Nothing
of commercial or general importance stirrin< r on
the 27(h.
Report
(f the Commissioners appointed by authority
of the Legislature, on the subject of the Slate
Finances — Continued.
It remains in toe discharge of the duty assign
ed, to suggest a system of finance in terms of the
resolution, with a view to the means which arc
necessary to sustain,
1. A system of public education ;
3. The ordinary expenses of the Government
and the public works.
The subject is presented in this divided aspect
from a belief that various considerations concur
to recommend a separation of the fund which is
applicable to the purposes of public education,
from all the other funds of the iStatc.
The Legislature has heretofore made liberal
provisions for the purposes of education, by set
ting apart funds to be exclusively devoted to that
object; but intermingled as they were with the
other funds of the State, they have failed to be
appropriated to their legitimate purpose. Even
in the course of the present year, wo have seen
that the poor schools have been compelled to yield
their claim to a fund legitimately their own, the
resources of the Central Bank, which were ap
plicable to that object, having been applied to the
more pressing exigencies of the Government.
If public education bo, os wo believe it is,
among the first duties of a free people, the fund
which is applicable to it should beheld sacred and
inviolable. We hope this result will bo attained
by the provision proposed.
Again, common schools sustained by the une
(innl nnn,nl>..,,nn. -I tV,.. t.rw.r mr.,l 11|„ rif.ll. (|u i,,
cases of general taxation, applicable to this object,
arc, however unwise the feeling, revolting lo’tlru
pride of the pupils, and perhaps still more so to
that ol the parents. Institutions lor this purpose
which are sustained by the equal contributions of
all the citizens, without regard to their compara
tive poverty or wealth, will place all the children
of the republic who may be educated in them, on
that fooling of perfect equality, in which the Con
stitution does, and the la ws should place them.
These considerations connected with that of
the facility with which the contribution necessary
for this purpose, small as it will bo for each indi
vidual, may from time to time lie graduated to
suit the actual wants ol the State, lor the purpose
to which it is applied, have influenced the under
signed to recommend this separation, and still
further to suggest the propriety of applying this
separated fund exclusively to the support of com
mon schools.
The lime has arrived when carrying out the,
spirit of the resolution under which we are acting
this appeal is to lie made to the people, in tin
cause of education, and ample and ellicicnt means
provided to sustain it, us in the present ago it
should be sustained.
Education is the second great object for which
the Legislature desires to provide “ample and effi
cient means” To enlarge upon its importance
would seem to he unnecessary. 'The very reso
lution by which this commission was created, is
evidence of tire deep solicitude fell by I lie people
for the promotion of knowledge and virtue in their
children.
Ignorance and vice accompany each other with
almost the uniformity of cause and effect; and as
vice can be restrained by force alone, and by the
arm of power, vice ami liberty can never long co
exist. With this truth, all experience concurs.
'The foundets of our Republic were sensible ol it,
and made early provision for tbe endowment of
an University, and of County Academies; but
unhappily the provisions made from time to time
for these objects, have not produced all the good
that might have been expected. This is clearly
attributed to the hitherto unsettled state of our
internal affairs, and the consequent want of sys
tem, and economy, in the application of the funds
set apart for tbe purposes ol public education.
But tile University, and the county academies,
though worthy of all the attention and support
they have hitherto received from the State, and of
j yet much more, from only a part, and indeed a
small part, of a system ofpublic education, design
ed to extend its enlightening influence to the
whole body of the people.
Common schools are indispensable to thisend;
and hitherto the Stale has not only been without
any system of common schools, but hasaclually
neglected to provide adequate means for their
support, should a system bo devised suitable to
oar condition. It is true that this matter has not
iieen entirely neglected, but the inadequacy of the
provision has in elfect rendered all our efforts in
this way inefficient.
By examination at the Treasury office, it is
| seen that there have been paid in support of poor
schools for llio last five years, but an annual aver
age of seventeen thousand four hundred and
i eighteen dollars, and for the support of county
academies, for the same time, an average of nine
teen thousand, three hundred and fifty-two dol
lars; which together amount to but thirty-six
thousand seven hundred an 1 soventy-dollars, a
sum scarcely half equal to the support of common
schools alone. We also by tbe same means learn
that there can be no certain calculation made up
on the sum, small as it is, applicable to this fun
pose; ami that in the short period above stated,fit
has twice varied more than two ninths of the
whole. The same is true of the academic turn).
The effect of this irregularity in the amount re
ceivable, superadded to its inadequacy to the pur
pose designed, has been tbe almost total loss of
e the appropriations, and so it must continue to be,
e until the State shall provide ample means, that
may be certainly depended upon, to sustain an
cnlaigcd system ol public education, in common
schools. The wisdom of that policy by which
- , e k [ate deprived herself of such means from her
_ domain, is not now to he called in question. 'The
0 P° ’ lc “‘'main has been distributed among her cit
: j 2 ® llß , to whom it remains to carry out the policy,
1 lts principle is, that capital in the hands of the
j P co l‘ ,e c “ n h® more profitably employed, than in
the hands o( the Government; that the public do
) mn,n 13 *he common properly of the citizens, from
, whom no more should be taken or withhold by
the (lovornment, than is necessary for its wants ;
and that to them a successful appeal may always
i h® made, for whatever shall be made, for whatever
shall be needed in a just and wise administration
of Government.
Public education may bo considered with refer
ence,
1. To the University ami the Colleges;
2. I o the County Academies;
3. To the Common Schools.
Lach ol these, although parts of the same great
. whole, have distinct operations, and should have
distinct provision made for them ; all of which,'
in the opinion of tho undersigned, should, as has
been bclore intimated, be separated from, and in
dependent ol the other financial concerns of the
State.
or THE university and the coheres.
The undersigned arc required by the resolution
to recommend an ample and efficient provision
for these great agents in the cause ofpublic edu
cation. They have seen with regret tho difficul
ties which these institutions have been constrain
ed to encounter, and the restricted course of in
struction, to which from their limited means they
are obliged to confine themselves. Unquestiona
bly they havedone, and arc doing much good. A
certain degree of instruction has by their instru
mentality been communicated to many who
would otherwise have been without it; and there
are those in your honorable body, who will hear
willing testimony to their merits, who afford in
their own persons abundant evidence of the bene
fits which these institutions have conferred upon
the State. The good which they have done, with
means thus limited, is an earnest of the greater
good which they would accomplish, if those
moans were enlarged. As at present constituted,
they occupy an intermediate station between o
school or academy of the higher order, and a col
lege; possessing some means of instruction which
are not generally to bo found in the former, but
at the same time without many which legitimate
ly belong to the latter. If the course of public
education in Georgia is, as the resolution contem
plates, to keep pace with the spirit of the age, this
state of things cannot be permitted to continue.
The States n( this confederacy, catching tbe spirit
which is rife among the nations of the earth, and
imparting to it no small portion of their own, arc
eagerly engaged in the pursuit of science, and in
the cultivation of the liberal and useful arts. They
are our neighbors, and have hitherto been our
companions; but their march is onward, and with
increasing rapidity. We, too, must quicken our
exertions, or be content to contemplate their ad
vance, while we finger in the rear. It is desirable
that our youth should be educated within the lim
its oflhe State. It is desirable that within those
limits they should be enabled to receive a course
of-inetruotton nn oxion«l«ll uu «l\n I>C ObtlliflCd jII
any other State of tho Union. They should bo
thus qualified for tho guardianship of our domes
tic concerns, and fitted to compote with the lore
most, in the councils of the nation. 7’bis i* es
pecially true of our State University. More than
fifty years have passed away since tho wise and
beneficent act which created this institution, re
ceived the Legislature sanction. The spirit in
which it was conceived, as well as the language
in which it was expressed, were alike worthy of
a free and enlightened people. It will compare
advantageously with the similar legislation of any
nation of the world. But what did its framers
contemplate ? Most certainly, a University, in its
proper sense—“a universal school, in which are
taught all branches of learning,” for the instruc
tion of our youth, within the limits of our own
Slate.
(To he continued.)
From the Louisville Journal.
Some very amusing things occurred in the
Tennessee Senate while tire Instructing Resolu
tions wc under consideration, in liou of tho sec
ond resolution, instructing the Tennessee Sena
tors to vote in favor ot the sub-treurury, Mr. An
derson, a Whig, offered the following amend
ment:
Resolved, That u corporation is much safer
than any individual agent, however responsible
he may be, because it consists of an association
of individuals who have thrown together llicir ag
gregate wealth, and who arc bound in their cor
porate character to the extent of their vs hole capi
tal stock for the deposit; and that it is tho opin
ion of this General Assembly that the heaviest
security which the most wealthy individual could
give, would not make tho public deposits sale at
the point of a largo collection.
The beauty of this resolution was, that it was
in the precise words used by Gov. Polk while he
was in Congress. Os course his partisans in the
Tennessee Senate could not vole against it, and,
as to voting for it, that was of course out of the
question. “Let’s lay it upon the table,” exclaim
ed a Mr. Yoakum, alter musinga while upon lire
difficulty. His friends caught at the suggestion,
and with sheepish looks laid the amendment on
the table.
Mr. Anderson then moved to amend the sec
ond resolution by inserting the following;
Resolved, That we have confidence in the
ability and capacity of the State Bunks to per
form all the duties of fiscal agents for the govern
ment.
This was in the precise language used by
President Jacl,son in one of bis Messages, and so
the idea of voting against it was not to be enter
tained by tbe loeofocosfor a moment. “Let's lay
it upon the table,” suggested by Mr, Yoakum.—
The lokies knew not what else to do, and there
fore they sneakingly disposed of Gen. Jackson's
words as they bad previously disposed of Mr.
Polk's.
The same Mr. Anderson, with provoking calm
ness, then moved the following amendment in
lieu of the resolution instructing the Tennessee
Senators to vole fin the sub-treasury.
Resolved, That the Independent Treasury is
disorganizing and revolutionary, and subversive
of tho fundamental principles of our government,
and of its entire practice from 1789 down to ibis i
day; and that it is as palpable as tire sun that tbe
effect of the scheme would be to bring the public
treasury much nearer the actual custody ami con
trol of the President, and expose it to be plund
ered by a hundred bands, where one under the
late system could not reach it. In such event
we should feel that the people had just cause for
alarm, and ought to give their most watchful at
tention to such an effort to enlarge executive
power, and put in its hand tire means of corrup
tion, (
You. III.—No. 117
This was tlio precise language used liy the
VV H ' n t,lu sub-treasury was first proposed
100 ”T; Hint upon Stable
'J'li’cm » a ' d I Mr " loakam w i'l> n blank look,
hidimr^h. n ® othcr . cour ? c ‘o bo lakrn, and so
„., vp .1. ° ,r f,, 1 ( ’ ( ' H . ln their handkerchicfa, they
that t ev b«T deSt ! nation t 0 1,10 Globe '« words,
PreVloUß, y to Polk’s and
c»wi,™*7r n r,-»
From the Globe.
Os the Governments of South America, as now
organized, w e present to our readers the following
list of Presidents:
Mexico, General Bustamente.
Guatamaln, Their Republic is broken up
into ns many independent
States ns there were for
merly provinces. The con
,, federation is dissolved.
New Granada, Or. Marques.
Venezuela, General Paez.
Ecuador, General Flores.
® rozl '» Don Pedro 11., Emperor
During bis minority the
Empire is administered by
a Regent.
Buenos Ayres, General Rosas.
Uruguay, General Rivers.
: ‘‘‘jh General Prieto.
Bidivia, General Velasco,
1 ~ru ’ General Gamarra.
Wo peieeive that a loco-foco paper in Tennes
sec is making a parade of the personal courage of
Mr. 1 oik. Mr. P's. friends ought to be a little
modest upon that one subject. When Mr. Wise,
in the rotunda oftho capital, took him by the arm
and hissed a mortal insult into his ear, that insult
awoke not in his breast tho slightest spirit of re
"eminent. It would have turned the blood of any
high-sotiled man to flame, but it had no power to
ullcct the miserable Volk juice percolating thro’
the veins of “ Mr. .Speaker .’’—Louisville Jour.
Dr. Wolfred Nelson, who figured in tho Can
ada troubles, is pursuing bis piofession at Plults
hurg, N. Y.
married,
On Thursday the 28th instant, by the Rev. Mr.
Bowman, Col. (.f.orof, (.. Mathews, of Grcens
boro, to Mrs. Caroline 3i Rnr6obtl>,of tliis city.
Consignees per South Carolina Hall Uoad.
lIAMOTiao, November 28, 183 P.
Hand <Sr, Scranton; Russell, Hutchinson & Co.
W. E. Jackson; Clarke, McTeir & Co.; A. Fred
erick; Scranton <A Smith; Hciitly & Met lord; S.
Knecland & Son; Nicols & G.; Moore & Davis;
Wright, Hull <Sc Co.; P. Lambnck; Baird & Row
land; .1. If. Guieu; T. Dawson; T. .1 Wray; Sto
vall, Simmons & Co.; P. Carrie; R. F. Poe;
Gould <St Hulk ley; H. C. Bryson it Co,; Geo. R.
Jessup: Hungerford, Frisbie & Co ; E. D. Cook.
W. K. Kitchen; G. T. Dortic; Jcllcrs & Boul
wure; J. Usher; O. Parrott; Bolling & H.: H. R.
Cook; Ainlerßon.Sc Young; .1. F. Benson.
COMMERCIAL.
Laical dales from Liverpool, Nov. I
Luteal dates from Havre Oct. 31
Liverpool, Nov. 1.
Our fast circular was under date of 18tii ult. per
the (treat Western, for a week subsequently (he
demand for cotton continued steady and the sales
amounted to 24,500 bales, 3,500 of it forexpoit
but the quantity offering was more than adequate
to supply the demand, and in consequence prices
further declined {d per lb. In tbe piescnt week,
however, the business has been more extensive,
and fur the last three or lour days Im.ders have not
ottered tlicir stocks so freely, which bus given firm,
ness to Hie market, and the decline of last weak
lias been partially recovered,so that prices are now
about t, per 10 below those of the 18th ult., and we
quote fair qualities 0,; a 7d per lb.
The business for the week ended to-day, amounts
to 27,800 bales—of which 0,200 aro Upland, atsj
a 8d; 10,730 Orleans at Oj a Bj, with 20 at 9*;
(j,B:io Alabama and Mobile at Ijj a 7A, and 100 S.
Island at 18 a 3(id per lb. About 4000 bales have
been taken on speculation, and 3,200 for export.
The accounts of trade at Manchester and other
manufacturing towns are still extremely gloomy;
some faihnes of spinners have o curred and more
are apprehended,w hile the system of working short
time appears to he again extending amongst them.
If therefore we had not had the benefit of this con
tinned export demand, and the buying on specula
tion by houses connected with the continental
trade, (to whom the spec illative purchases seem to
have been chiefly confined,)our market would pro
bably bavc been in a much move depressed state,
for these operations bavc doubtless inspired some
of the consumers with confidence to buy more
freely.
The possibility too of supplies of the new crop
from the U. States,being retarded loan important
extent, as well as the accounts of its being again a
short one, have an influence in counteracting the
effect of the discouraging state of the trade and con
traction of the money circulation The import into
Liverpool, since the Ist January, has been 947,000
bales,against 1,278,000 in the first fen months of
last year; the supply from the U. Btates has been
755,000, being a decrease of 290,000 bales. Tbe
stock in Ibis port is estimated at 337,000 hales,
against 422,000 on the Ist November last season;
the stock of American is about 304,000, being a de
crease of 30,000 bales.
The Corn markets arc rather advancing, and
Flour is in fair demand at 40s a 42s per bbl duty
paid; but the duty is now 10s per bbl and likely to
be 12s 5d in two or three weeks. From the low
prices of the inferior new wheat there is every
probability of the duties remaining high.
Havre, Oct. 31.
Cotton. —Business since tbe departure of the last
packet has been on a slender scale, owing >o the
unfavorable advices from Kngland, and also from
our manufacturing districts, where the continued
state of trade tends materially tu depress down the
prices of goods. Buyers consequently having no
inducement to conic boldly into the market, having
confined their operations strictly to satisfy daily
wants, beyond which they have evinced no desire
toad.anec. Nothing worth pirticular notice has
therefore taken place this week, ami although pri
ces have occasionally inclined rather downwards,
the fluctuations upon the whole cannot be consider
ed as sufficiently important to establish any defini
tive reduction. The sales for some days past have
been nominal than otherwise. Luring this month
tho imp irliitions of cotton have amounted to 74(51
hales, and the sales to 21,700 bales, showing a re
duction in our stock; the decline in United States
si rts, within this period, has been from 2fa3f. By
a glance at the, tabular statement below, of the
movement in our market, from Ist January to thu
present day, for the last nine years, it will be seen
that the outgoings this year have averaged montl ly
19,490ba1e5, (of which 10,789 bales United States)
against 25,733 bales (or 24,045 bales United States)
ill 1838, and 22,000 bales (say 19,22fi bales United
States) in 1837. The packet ship of Btb inst. has
not yet arrived, being kept out by adverse winds.
In a few days we shall look for New York dales to
19th hist, by the Liverpool steamer via Kngland,
which vessel is anxiously expected. The sales
from 23d to 31st are—2 194 bales New Orleans at
85 a 111 f.; 226 Mobile 92 a 1)7 I. 50; 970 Upland 90
a 108 f; 83 Florida 97 a I00f; 45 St. Domingo, 94f
135 Pernambnbo, 130a 182. Total, 3953 bales.