Newspaper Page Text
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sit Wrrbls «»wnf#«.
. tanfeMs*M«l *• rnnk rMUaTika
ptw»i S.y, rttndi IWv#w. Hta fWf 1. >«*»•
s ,T.l.lni|.liril*«M* Ulltr *lul«S«l*"
ft frum iIn wrilinctnf MtMY IMTU, »fcw.be«Wpf.‘
Jw..,I.1nw»r#...iidl«*MM ww»
min#. t*rrtiMi.Uwj an w*«»il«nMnS. I .ulnlrt
jou .•[- ■ immtftrr ih» rtyte <S I
•m«M* it will U -lb- wool, ini lh*6iw, b«
Wirt Ilw l«mli |" or ta 1-tataw •Torch, Iha «*«, l
tin manner, taSooUi. Brtr.»|fr.
Youn,Ae. X- *'.C.
Tim mMnl.fct nia ooom. pautriH #»*".
Thu wind* nre howling by,
And cloud* of darkest boa and flown,
' Embrmod tbn spaniled sky I
' Yet,<rarcln*s, I pursue my way,
llnedfot* ofNmuro** frown,
, And all within I* bright as dsy,
TV*' tho ftln eomaa puttering down.
’ Hawbo ba* Wamod his Makar 1 # way*,
III* mercy, and hi* low,
Can vtaw them thro’tbo mdlets mist.
That shroudeth all «bo*o t
Ay, tbo’ be Aided (lower,
- The A wt owin'* ru**ci brown,
Or bear* at midnight'* lonely boor,
Tba rain ooma pattering down.
■ Tba (lower ba know* will bloom again *,
And tweet will bo the scene,
When Antamn's rowet brown *ball nhunga
To 8prlnf*Minchantlnf green ;
Dnclotkla^^^Trowb^ * * • •*-—*, j
TW now, amid thl* howling night,
Tboralneomea pattering down,, '
Thin let u» feel thy presenos, Lord
.'irfadailtneM, and Inllght,,
: * Whan bleMlnr* abed amund theirbloom,
■ Or awtow* «a*t tbalr blight |
„Aad lot t)i (till thy way* puriue,
.7 -80 shall we win a crown,
When o’er our grave* the midnight dew,
t*^Oftbirralncomei|iattaHnf down, ~~
.VI 7 I * H. M. C.
i MASSACHUSETTS.
Wo taka tho following from tbo D *ton A tie* of
idifldOth ln«t. It will bo tern that tho "Whig*" in
tba Old Bay Stato,'nre In a “bad A*."
• ilfe have braid of tba election of four Kindred
and Jtflf fight member* ofthe Hmisenf Represen
tatives, out of whioh number, aAnr allowing t» the
J«neos aU tho*e to whom they *eem to have *nmr
Air pretention* ufa claim, there will not ramnin to
lbs Whig party n mujoriiy of more than levrnor
eight. The few town* tlint remain to he hoard from
aril) bo rather room apt to diminish tluit to Increato
that majority. *
. It U, therefore, perfectly apparent that the char*
racier of tho llouio mutt Anally depend upon tho
toonlt of tba election* in be hold on Monday, neat.
> MamaChu*ktt* Emotion.—The Button Mum*
Ing Post of Throsdny, any*, that eran calculating
oil tks doubtful returns againtt at, Morton ha* a
plurality of 455 rote* In the whole atato. It pro*
4)0*1* to remark!
“Allowing foracotterlng who*, (nnd the titmoat
Industry of all uartlo* c*n detect but 238.) Morton
ia thou elected by about 20Q majority, We fool on-
lira oonAdnnco In raying to nttr friend* at homo und
•broad, that Maraua Murtt-n ha* a dear minority of
ralltba vote* cast for Governor. nnd the democracy
.mean they aball all bo cuunted."
ii MISSISSIPPI ELKCTON.
y- Tba MisHsitpplan of the Ifith ln»t. conclude* it*
'» aUctlonreturn* with tho following icnornl stutomant
Wpeeiing tbo character of ibu Legislature ju»t oho-
'•ah t
Tint eountle* of Jxckroti, Perry, Hancock, !«••
waffiba and Coabomn, hxvo ttotbaen beard iVom.
They will in all probability *rnd 3 Democratic and 2
Whig Representatives, whir h will show tha position
of tba nxrtta* In t be Hottw to be A Ay fbur Democrat*
and thirty six Whig*—which give* the Democrat*
!•• will aland apyenieen
Democrat*, eleven Whig*—mm doubtAil, nnd one
contested seat. The democratic impurity on Joint
• ball'd, will bo twenty—probably twenty-one.
LITTLE ROCK. (Ark.) Oct 30.
• Ana tv At. or tiik Vton Pnaiinaat.—The Hon.
«Riohatd M. Jolm-on, Vice Prviblent oftbu Unltod
State*, artlved in thl* city luat evening, from Ills
.realdcnce in Knntucky.
, A nutmtrou* and atnng committee waa Immedl-
, ately fprmod hut evening, and tunderod to Cot. J,
a public dinner.-— Qnstllf,
• ^Veat the N, Y. Cm, AdwrHtn Nov. 02.
tSTOCKS OK THE STATES, AND STOCKS OK
THE UNITED STATES.
Thn following par-iernph I* from ibu ln»t printed
circular of BantNo, Biiotiikri St Co. It refer* tn
the important tubjuct of American aecuHtiei, anj
their praientdegroe ofjavaillbility, or railtor wunt
• of availibility in Europe!
ANKtuoan Stocei.—Tho Into loan made by tbo
..U»8* Bank for about l wu year*, and fur 100,00(1/, on
depoiit of Penn«ylvnnia and uthcr Stnte*, »tuck«, at
••ttrlonWhlobgive* 10percent annual intaraitto
tbaiubacRbera, »hew* what rah* of iiitnnrit mu*i be
pall,to obtain any amnmtof mon*y on tho 1mj<i
' Amerkanaeouritlo*, and »crvri therefore a* a guide
to'capkallot* here for their putchaae* of State
• etoekt, Wa quota tho la*t price* or tho principal
•ecuritle* at which builne** ha* born done, hut tnu»t
add, thatnvenaUhe*cratu*, only small andoeca-
slunal aalecare prao leahlo, Tho continued full in
. their market valuede»truy* *j»enolntion, while many
-ywara iWUl bo required for rail iiiVMiment* inabtotb
•-wll that la at preaent in our market, We du rn>t
d»ubibat thattuobgtudual purehaie* will emitlmm
- wftba atwkaof well known *tatea which do not
beerleawa, and which faithfully muetth^r engage
otaaUtn thelr cieditttra, a* tha oonAdi-nce in the tv*
emirea* a*id national bouurof tlw Unltod State* re*
i maiaeuadimbdrad in thl* country, a* well as the
C'lnvli-Uon that by such iuve»tments, Enaland em-
pbtysherianual surplus of capital both safely and
ptuat tb.y, encourages h'TlwstcuMomcr, and hind*
mote nlouly the tics of mutual interest between the
* But If the whole scheme of internal improvements
In the Union is to bo carried into eflbct on the vn«t
scale, and with the rapidity lately projected, and by
the nwaMor foreign caidtal.a more comprehensive
-guarantee than ibatof individual States willbe.tv-
quiend turatao so .’ergo an amount In so short a time,
A national pledge would undoubtedly .collect capital
'together from all nans of Eun>j*et bdt the forced
'tales of loans ma-le *cp irately by all the Individual
’ atates in roeklou c->m]»etition though a numlwr of
*d»aM*el*, render tho term* monand more unenni*
for all, lower tho reputation of American credit,
•ml (as reliance is abno«t uxclmiv'y placed on
the London market) produce tump -tary mucblef
• here by absorbing the floating capital, diverting
‘ mene/ trom regular butineas deranging hanking
opwraibas and preduclng an unnaturid balanc* of
trade against this onqutry. It would seem ilteit*.
tfotb, as if mo*4 of thetStato* mu*t either pause in
the eaccution of their works of bnpiovement, or
^ mmte general «y*tem of oomhinatiini must be adopt*
, All corporation storks ate nrglentrd, nor do we
mwciof any trau*acti >n* in Bank shares except in
these of the United Stare* Bank.
.. tVehava thw honor tob}your otanlinnt servants,
baring; brothers &co.
V. NEW YORK,Nov. 23.
' Sale* Stock—250 .hare. U S Bank - 30 711; 400
* <!ndo*3076; 350do do -30 70V, 100 do do cash
78*1*5^0 774; 50 dod-77.
Bills oo Eng’n-ui 84 prem., on France 5(324 per
_doll*r} n it very plenty. Dnmciic Evchangus me
mucha*yc*taid-*y. the di*counu sea diado higher
' ir'anythlng.-^/4»ar.o/ Com.
Somalropwvamnnta I«perceptible in the money
t market Unity. The a*|e* at Uf «u>ck exchange
. urnre to a large amount thi- morning at some varia-
.tlouta prices from yeirerdiY* Union itank closed
at an improvement of 2; Utica rail ntad of I4l Hap
ta« rail raid of ft United Sure* bank of 4 tieroaai.
. on the Iasi price* of yesterday.
rhere were sales of 91000 in Treasury note* at
.JWJ, atthebuird Uii. morning.
iba rate-, on nueunent moneyara gradual/
unt taba more fevonblw. Wa oow quota *alaiy
Of It i Ctmmliiintrl.ftf&il ..It.r/l, "f
It. ,.,fWrtl«r< m IteHH •/ It. Hl.«
[l7iMf.nl/ri. tU prt,..]
Our ■tu.miiMi I. Mit I. b. lilncinl u • nr-l.m
of fin.M., whlrh ilmll l* wW,|..lnlo mwiiMm
dlMi, f,|i.niM «f lt» (Imnml, .ml rfll« |wl-
tic wmk.,
Th. oidliwry. mmi. of il» 0.nr»r«m«ii
Um UM mi, .ml lb. .rtfip of I,mm
,imm Uw,.,r lMt, *■ Ihimo ,T|m.r l« lb«io|»»l
of lb. Tm-omr, hi. brnm l.too ,. lb. d.l. nw>
•brae.loeal.aUi. lb.lrprcpb.bU .enu.lemmnii»
Tbp’T heppe bora crtniipier.pl •• omlpnimii omlnr
Ihn fnlfppwinlt hrml l Ci.il K<l»bli.kpripnl, PtlMi",,
C»nllo,ral eomlf Mlllwr, Hi.b«rmm«nli, llmi.m|i-
lUe of (public pleiplt PralWnlUr,, on.l 1-rc.ldenu
•nd Spraher. wurrnnli.
Tbw« cipcoic. fbr lb. poor 1*0 w.roo.foi»
lows!
For civil wtablUhment,
I'rlnlln,,
Contingent fond,
Military disboraementa,
Rnl.-mptiiU* of public HetK,
938,828
10,824
15 807
4.805
, 3^79
I’wnlrentiary, I5.U00
I'rcdbiani'* nnd Speaker* warrant*, BB.OlMi
Ordinary e»prn»e» for 1038,
oof tin)
$.38,800 47
14.353 70
187058 31
3,077 03
787 35
7,380 (10
9100703 53
The average of lire saitiu uxpunres since 1820, i*
as follow*:
For civil e«tnbli*bmrnt,
Printing,
Contingi-nt fond,
Military dl‘bnr-cmrnt»,
Redemption of puMic debt,
I'nnhentiniy,
Prcild-nt* nnd Speaker* wnrnint*, 07,751 58
Oidinary rxi«n»o*» nyeragn for -———
ton year*, $140,280 33
On ibabasl* fnrnl»h' , d by llirsit two esbibluTand
a*«uming that ilm I^giulmuro will m»ka such re-
ihipt'on.n* ore in iu power, wn have consider*!
that llio ordinary annonl ei|i«n«es of tho Govern-
meat, may be estimated nr $150,000. The view*
of the iimferslgnrd in nduiion to tbit provision* no-
cos-ury to «u tnin a system of |>uMto education,
bare born already stntrd. It rnmnina to conaidrr
iha probable umonutnf expenditure on the public
works, Mtid tho puldlr debt comracred, or to bo
com ranted for this old-rt.
Under the net of 1836, the Stnto I* engaged In
tba cnurtrimtion of n rml road from somo point on,
or lii , nr,llie Tennessee river, to tbo Cliiittaliocx boe.
The act di clitre* tba work to In* a Suita work, and
that It sbnll ba constructed with the funds -of tbo
Slum, It I* understood that ilia grading of ore
buirthod mile* of till- rotul, from Wltitchnll In D«r
Kalb county, in Cross Plains in Murray county, bus
been nearly eontplet- d.inejiiding tin- construction hi
a ntimlter ofco-lly Inldgesovar tbo suvonil streams
whirl* it crn**i-4. Tbo vigormio prosi-culion of the
work i* demanded, nswi llfi'un lh - largo nmount
already ex|M)inled, nil wbiclitbu S i.tc is imying in
terest wiiliout any return, ns by tliesigunf arlvitnitt-
ge* which will result (V -lit Its tiurlvcompleilon. For
ty threo miles me yet lu bugre-btl, to ranch the
terminal)* originally ciniomp an d at Ito-*’ Lati-I-
ing, und only olghtoen, to arrive ai Red Clay, it-
point of junc-lon with llio lliwu-sce Ki.il Komi,
which U lt*olf uiiiIoisIihhI lo In* graded to wlili’-n
twenty miles oftlmt p»lnt-*o shut tiilrty-eiglit mile*
of grading only remain, to reaau tho Hostonul
Knoxville.
But the utility of this mngnlfi-Tnt work, depend*
on other* of a similar kind, w Inch Imvu been hub-
eno sustained oaolusMv by indivuluul enterprise,
Terminating Itself in DaKnlh, it mu-t-cok com mu-
niculiiiu will* Clinrlnetsiti, nlong the line of the (ieoi-
gia and Hainhurg ndl rends, or with our own di-
mastic seaport, by mrnns of the Moor hi nnd C’en*
tral route*. If th- ren-lmion under w hieli this com
mission ha* hecu cnn-llluied, Is enrnad out in tho
spirit which dictntid it—if it is ilia purpo.e of
Ine l.egldmure in instaio, ns in tin- pr-rent
age it mtglil to lie sustained the gre it work of in-
rereul impnivcinoei, it is innnnibem upon ns in
provide manna, not merely fur the cntnploiion i f
that which i* pectillarly our own, but also toounhli-
u* to give limoly ns.lnuncn to those givui mid
meiriinriou* unterprites, wlrchhave Ina-u hilliurtu
anstained hy individual rasmircu*. If-wn look to
It In a merely culoulntlng spirit, the duty of niiling
these works W oq)oinesl nputi tt*,l»eonnsa their com-
p uiloti la essrn'lal to give value tn our own. But
If wo enlarge our views, and annmmpluta the bum-
tits which will result to our whole people, fr-m the
iHllblishmeiitnf these vari us linos ot cuuitiiunicii-
thm, threugh our Sure, ihm du y I* impern Ively
urged iijnm ui, under thn I nil up nee of u higher um'l
lamer feeling. This e»s siano-tniisl of c-iune lie
limiiodby (tin umnanl which tho Slate cun com
mand, mid safely divert from its own particulnreii-
tatpiisu, and cun invest in these private works, on
termsut undmihted security for it* r tnin. The
undersigned ure mu unmindful of the cmbuirass-
menta In which the moneyed concerns of the world
uraut this m-rni-lit involved, end of the genera
failure of the etleiitpls to idnnin foreign capital,
in aid of similar enterprises, They are porluctl,
cmivleruil, liowi ver, that these nmhainisstiienUnre
temporary—nil rx|n riencu lestilyiug, iliat pro-sure
und redumimico,nr-'alternations whielif-llow vnch
oilier in c-itaiu succession. If ilia State ol Ge-rgia
will usinbli-li a unmpoleiit system of iiuancit, und
will su mm shuller in-oil roes ss to exhibit to foreign
capitalists, the in ant of prompt and regular pay-
tiient of ilin lnt''te*t, uti-l of ilio eipially certain
iiltimutc discluirgn of llio principal, of thu money
th y may desire to borttiw, wu think there will lie no
dilliouliy when this isa-'cumplUlu'd, in olitniniog nu
lu n, such amount* us tnuy be norossury. Wn look
tu Kaglmni a* the source from whenco tliesn InaiiK
nr- to lio-.litaieod, mid her money markut bus lor
some limn past, from various causes, boon in usitu
at on lu foriild liar capitalist* from nilimling tlu »o
(U'dlUios. Tliu smte nf pro-sure llu-re. nannet pro
bably com lime. Her cm rvnry of £(U),U0l),00()
siorliiiB, greater In propoiii n to her population
than that of any other nation, is so small c-anpmed
wl li her wealth, llint there l- mi country upon orntli
in whieli so iiiui li use l» nuulo of credit, an example
of whieli, is given at what is celled tho Clearing
Haute, in London) where payments to the amount
of four or flvo millions u day, are m idi) hy llio usa
of twa m tlitvo Inmdn-d th-uiaml pounds in coin,
or bunk n-te*. We think wo cannot im deceived in
supposing, that us soon as wu can show lo tho Kn-
chili capitalist a aule and pmdueiivu invi stuu-nt of
his money, it will ot bo wau leg.
In thi* view oven under tho discouragements
arising Irmn ti a existing stnto of thing*, wo tire in
duced in put-ue our enquiry. It remain* to ilireci
niirattOMiinii in thn *ub|eci of luxation, since in tho
present a etc • f nui utlsirs, it is to iuxus that wo
mua chiefly look u* u |Hii maiij it tcsour.e, to meet
tlie ordinaly ami extra--rdinary expeusestof tho
Government. Every G-ivernment whieli doe* not
posses* oilier -mire *nf income, muit of coutso re-
rpiire from the pMiplu, sucli a conlriliution a* it
necessary tnd< fray tlioau expense*. In oili r words
the people roust |my the expense* Incurred by their
own ug. nu,employed in tlicir own .eivico. lint
there is a reciprocal rigir on the pan of tlie people
An eminent writer ha* well -aid, " Every p rsou ii
eutitlmitobo piuteeicd in the •njoymeni ufhis pro
perty, not only frein lnva-i-m ot it, hy individuals;
but iruni all unequal and undue upse-sirunt, on the
purtot thoUovoriumnt. hi* nut autBcient that
no tux. or impositiun can Iks imposed upon tie cili-
tuns, hut by thoir reprosomudves in the Legislature.
Tho chitons arc entitled to require, that tliu Legis
lature itself, shall oauso all public taxation bo lair
and equal, in i-repoilion tu tho vaiuo uf property,
•o that no onu,lass of individuals, and no one *pc-
chs of property, may bo unequally or unduly
assessed.'
It Is behoved that thn very brief view which ha*
been taken of our existing system nf taxation, has
been sufficient tn shew conclusively, that is it not
"lair, and equal in proportion tn ifot vulou of pro
perty" and that "sumo classes of individuals, and
•unto specie* of mtqa!rty, are both unequally, and
unduly assessed. Can wo hope to remedy
these evils, by an adherence to our present
system of taxationt We think not. Tho ex
perience of half a century is against in. Hither
to the aril has been comparatively littlo felt,
because the taxes have been light, nnd therefore h
lias been bene. The ample resource* of the State,
hsve heretofore ttiahled u« to moot tho expense* ot
the Government, without drawing largely train the
pickets of the people—but mnv when these re-
sources aro diminished, nud in some rare* extinct,
mad when our expenses are increased, end increas
ing, an adililioiisl corre-pnndiog amount of taxes
mu.t necessarily be levied Tlio equality of the
levy can alone secure toil, tlw approbation of the
(teuple, without which uosystom ot’ taxation can be
There are btaide* intrinsic difficulties attendant
upon tba present system of taxation, which it is not
easy to overcome. AII the property ot* nil th- dll.
■one, should contribute Injun pro portion, accord-
fag to Its respective value—or at least the cases
which should entitle to exemption, are looinconti-
darable to nflect the question we are consi-
dering. If the comprehensive view of the Le-
may ambtace every dllWvut species
nf property, which oeght ta he jw'd-red
lia'4* to coetriHittaa, the greatar difhculty,
would remain ta A* In the ect of perm*!*"* le|»*'
tation, the just nod Mufuble pmorttan*. (■ »bwb
site/ might respectively to eenintmte. The reme
dy for tbl*, In the view of tho unlersignrd, i» to
resort to an ad valorem tai, ap-cifyini only a* ob
jects of taxation, thorn which are productive, leav
ing ilielr value to be ascertained by the return of the
indivM'iel .hi oath, nod in defoult of iliit.by site ns-
»•-•-ment oftbu Rscoivi r, with such persons for tlm
review of that Nssemintetit, as the Ugislaiure may
p>e«eribe. Such a aystaro |»rovalli In *omv of tlw
other Statas, and It 1* believed, has been found both
equitable and efficient. Jtl* ibuugbt tl.ut it will be
imtioiiant, so far «• it can bo done, to retain the
officei» Iteretofore employed in receiving returns
nnd collecting taxes, aa tho penple ure accustomed
to tlidr agency. The undertigned will therefore
prom-nd to propose a system of taxation, whieli
may carry out the inremion of fne Legist .tore, as
expressed in the resolution under whi.-b they aro
acting, confining themselves, n« farad* practica
ble, to the agency of ibose office*.
They pr-nosn ih«n ih« pa»*age of a tax Act,
which *hall declare, "That nil lands, and all per-
• -nnl estate within this State, includijg within tbc-n
gemric terms, th** sevoral nariicniur* lh .rnfi. r
specified, whollier owned by individuals, or by cor-
|K)rntion*, shall la. liahlc to taxa ion. subject to the
exemption* th«rt>hi<ifh-r stated Tlint ihn term
'•land"a* ii-ed In the Act, shill bccnn«tru«d to in-
eiuilu thn laud llsolf, nil buildings, and utlieraiti-
ch-sereetrd upon, or affixed to ilia snme, ml trees,
nnd und«e«v.a»d growing thereon and nil mim-s,
minerals, rptnrries, nnd f-silnin, nnd under thesnrne
and tlint the term "Riuil K-tato," and "Real Fro*
|wrty," whenever they occur in the Act. (hall be
Ci.nstruud iu hive tin same moaning, n* tbo term
"hi ..I," thus defined.
That ttie term* "person'll e»tnto," nnd "personal
property " #h- never they occur in the Act, shall be
construed ioiu<-lu>lo till elinltel#, m->neys, debt*due
from sotverit rlimturs.-wtieilmr on note, bund or
mortxii«e, g ml* and merchandise, negro s’nves,
so ck cuttle above the number of , liuttr*
nnd mules almve the number of , pious-
tire carriage*, public stock, nnd stuck* In moneyed
empnration*. They aball nl-o be construed to in-
tiludn such portion of tho cupltal of incorpuraiod
cumpaniua, linbln to a tnxutiun on tlicir capital, us
shall not Imi invested in real estuto.
That tho following property shnll bn exempt from
tnxuif. ill
All property exempted from taxation, by thu Con
stitution of thi* Sutlu, or undur tho Constitution uf
the United .Stoles.
All land* b. lunging to this Suite, nr to tho U.
•Stute*. Every building erected lor tho mo of a
College, incorporated Acudnmy, nr other seminary
n: learning, und the real e-tntu' lailonging to tin-
attain; u.ory school hon e, court lioti o umljmli eve
ry huil-iilig lur public worship, nud tlio sevorul lots
whereon sucli buildings nre si tinted; nil bunk* und
philus.-phicul nppiirulu*, not hold u* merchandise,
mid for tlio purpose of sale; every poor house, alms
hotisu, house ol industry, niideveiy hnuso bnlungiug
tu any uhurliulih-institution, miri tlio real und (ar
sons! property l« hinging to, or cutinected with tlio
same; thu mill und p. rsoual prnpoity of every pub
lic .llirnry, nnd tlie other literary nssoelatlun*; nil
Stocks ow ned by tliu Stale, nr by litortity orchnritn
l"u institiitiuiis; nil itoitsehuld liiriiiture, uiut plntiln-
•but U»bi*, nut hnlt! us murclmndise and fur the pur
pose of shIo; nil pro) oily exempted by law from ox-
edition; ull pruporty owned by nny person, wlioso
real nnd persu.ml property doe* not utnomit to
hutidiod dollnrs, uml nil turnpike, bridge, or
canal compnnle*, wliosn nett unitunl income slmll
nut ox coed livepor cent, on iho cupitnl pnitl mil *r-
curetl total paid in. That nil htmls held under wur-
rant*, and Hirveyed, hut not granted hy thu Statu,
shnll lie linlt.it to iiixutmii, in thn samo tnitiiuor ns if
nctumly grinned; mi l till lots drawn in nny Lottery,
"Ithuiigli the grants limy lint lmv« boon token inn.
That ull moneyed or stock corporations deriving
btcnni. or prufit fioiu tlioir rup.tnl, oroili twi-e,
uxcept it*tad'orostated, shnll tu liublo to taxmiori.
'1 It .t ibu owner or holder of stock, In any Ineor-
pnrute.l company, liable to taxation on i>* capital,
slittli nut bn nixed us nu individual, forviich stuck.
Taxes which wmu nneluntly contriliuiions nrbi-
traiily deiiiaudud i.t tit- will ot the Sovereign, hti\o
tu the present mnro ndvancutl stnta of pulHic-.nl
sclen.T, boon |avied|w iUi greater equity. According
to tbo existing theory on till* subject, they nre con-
sid.-ied us the pm nuns of the propoity of individn-
nls, vv liit li enclt has lu ooiitributu to the public iron-
snry, to defray the ptihiiu expenses, from this
il.'lirdllon, it would fellow,
1 Tlint nil should contribute who have prenony
und ure prmaeteil in pervon, nnd estate. 1
2. i lint tuxes might to he nssessed according to
tho null income, of Ouch individmil.
3. Tit *t they should never he permitted to injure
tlwxuUrces uf ini-omo,
4. I hat the ratio of' taxes tn income, should |,o
ns anmli ns pofSililo in order ihnttlm rev. nuoel'thu
State, us well as of thn individual, inity haul.owed
to increase.
It is tint doubted tliut n tax which being uni
versal in it* upurnt'iui, should be levied on nett
Income, without injuriously ntleciing its sources,
und which should tie in thu sm.ill.Mt pti-mldernlio;
whieli the iieco-.«ury .•xpenduure ufihug.oermiieiil
would permit, would In- the most equitable. It would
undnuht.-illy lie * -, in mi old settled country, where
the value ol pi operty wu* Axed, it* productivcuos*
in n grom rlegreo oniloriiquiid especially, where,tlie
nxe* we.e li- livy. There is difficulty liowev. r, in
t lie upp.icut ion of such u system, to u people chi. Ily
ugricidlioul.iidinldtiiig u counliycompuruttv.-ly new
nmlitt which lh- value,nud still mote tint produc-
liveliest of property, ure unoqtinl, and fluctuating.
Happily, it is less necessary among sunli people,
bocuuso the umotim required in meet the expenses
of the Government, i* o small, ns to reli. ve limn
all uppreliuusieo of piussiag too heuvily upon indivi
dual it,come. In xticlin smte of thiugs.it is suffi
cient, if tliu objects of taxation, to e such n» are or-
ilnniri.y por.luet.ve of income. Income is derived,
i, fr- in mad; 2, Irani puisontd r.tatcj 3, from mo
neyed cupitnl; 4, from tuhor. The lust in the system
pmpuicd, i* t -xetl only by the imposition of taxes,
tip ii certain snecic* of {H'rsoiial propei ty, by the
agency of which it i« |>eribrmed. Lind*, negroes,
stuck in trade, bonk stuck, &c. &c. nre fu • ilmr
object* uf tu ration, under the present system. No
reason i» perceived,.why stoc.x in othei corponitions
tlmti Btiiiki, yie.dit.g profit to tins prepretors, or
nt noy at iiitoresi should not lm equally liable.—
There have there ore been included. Stuck cuttle,
ex.'iitp'itig a sufficient number for dnmo»tic u-es,
have also been coiisidcred as proper objects of tux-
niton. Th • excess is kepi for profit, and is produc
tive of income. Tito turne principle utter allowing
n like exemption, is nppli. ni ie to mules, nnd hors
es and is applied to e..oh of those object*, inomoof
tlio -Siu es, siiiiiUny aitonicd with our own.
The exemption* pmpo*cdar« those forriiomost
l>art willi winch wu nre familiar, being proviiloii fur
in the presold ay stem of taxation, or oth.'i cases to
whieli tliny are extended, are thought to be within
iho spirit of exiating prevision*. Thl* remark how
ever Ouhitnt bo np|oied to iho prupusnl to exempt
f.om taxuiioii thupnqierty of a person wboio real
nnd pcriounl estate do. * not amount to
hundred dollars. It i* pr.qu.sctl that such person*
slutll still be liable to llio capitation tax, for the pur
pose* of education, blit it i» thought thnt they may
be safely exempted fram ull other taxes, on the
ground tlint thu income of so smnll nn amount o
property must necessarily be consumed tn the supf
port uf tlie proprietor, and consequently that tho
tnx woutd tall cxclu-ivoly on Ids labor.
(VV» he continued.)
We adopt tho tallowing, fram tho Charleston
Patriot, 2(]ih, as expressive of our own views re*
guiding the mutoofp.iitie* iu the coming session.
We believe all W'lldilmit their correctness—blit
few days, and ail will know their truth
Strength of Partiet j* C’aagr.-ss,—Fr>nt an
estimuto made by the Now York Journal of Com-
m ive, it n|.iH*ur* that the Opposition impurity ill
tho House of Repn-semn-ives attlwn -xt C’nngres*
wdl ba thn*.*, givimrto that pmty the 8 disputed
members in New Jersey. 1 in Virginia, I in Pennsy l
vania nud l iu Illinois, six uf there 8 being in the
Opposition. Oil the supposition, however, th a untie
of the disputed members nre allowed to vote for
Speaker, the parties will stand, Adm. 117—Oppo
sition I l(i—Disputed 8—Vacancy 1, showing an
Admimstraifon majority of one vote.
But in tlteabovo estimate there are two members
fi am this'State who ate classed willi thu Opposition.
Now the entire DelefxK -n fram this Stnto nrefa-
vum>de t - tho Administration. This wniild give the
Adm. admitting that tlw above statement is cm reel
in other particulars, a unjoiiiy of tlnuo an th« elec
tion of Speaker, «U|moainf that tho disputed mem
bers do not vole. But tho entire vote of the Gcor
! ;U Delegation is alto put down in that statement
bribe Opposition, when it is almost certain that
oneliairofth.it Delegarion (wing Snb-Treaxury, will
go with tho Administration in the choice o( Speak-
•• The Southern Silk and Agricultural Society, Cir
jnmliu*, Ga.havcnppoin'ed the Hun. Mnrk A Coop
er und the Hun E. A. Nesliit, ns delegate* tu repre
sent su'd Association is* tlio Nntionul Silk Conven
tion tn !>e held nt Washington City, on the 10th De
cember next.
The Kentucky paper* mentioned tin death of the
Rev. It. Guiding*,VrMidcat uf Geargeinwa Colkgs,
jn that State.
THURSDAY, NOVEMBER tl, 1919.
FI1UM TRINIDAD
We were fawned by Cnpu Mat.vit.tt, af tbs
British ship Colgpea, arrived «m Tuesday last, with
Trinidad papers, *o late anh-5th Inst. We do
nut see that they contain any nows.
KT A Meeting wn* fo ld in Ta.folw'tee, Florida
on iba20tii to render a trifottatatfot memory uftha
C«»L J M. White, firmer delegate in Congress
fem(bit Territory,andblsdnetb w*s deplored a*
"a greatttilvniiy and a public lots."
BT M .ldh-. lt would appear is firing like the
Ffonnix, fram her ashes,ami the untiring vigour of
her son* will, wn trust, make her "nil right."
By Two Ares occurred in nnd n.-ar Philadelphia,
on the 22d Itoet. Thn loss in one case wm about
$500. Tlw Prntiiylvanion of the 23d says: W*
regiet particularly to add tlint two intrepid members
of iho Hope h<>*> wore nearly suflbeated on entering
an apartment of the building, and one of them con
tinue* ill under medical treatment.
\
The Texlnn steamer of wnr Zaxala, A. C-
Hinton, Esq. Commander, arrived ut Now Orleans,
18th Inst, fr-m Galveston.
Wm. It. Conway, Secretary of tho Territory of
Iowa, died at Borling'im some d-tv*n<i<i.
Mr. Kendall's coi. hrntad Race Horse, Matter
Henry, died on Wedresdny, nt hi* farm nt Canton.
It is officially nnnntioc d, that Lieut. Coi. J. B.
Brant, Deputy Quarter Master General of the Uni
ted Status Army, resigned his.iffice,on tho7tli insi.,
nnd hi* reslgnatinn hu* been accept' d.' ■ It will he
recollected thnt Col. Brant, wn* tried by n Court
Martini at St. Louis last summer, nnd though the
deni-ion of the Court was not officially made known
it is underalnod that it wn* against Colonel B. His
resignation will render partially ineffective tho de
cision of tlie Court.
The New York Kxprru stotesthnt nn thopn**nge
of tho frigate United Staler from Boston, n soiling
match accidentally took place between Iter nnd the
packet ship Si<t<lont, in which tho latter was suc
cessful.
[/■Vom our Correspondent.]
MILLKDGEV1LLE, NOV. 25.
Upon rending the journal, tho motion wa« made
to rc-runsider the vote to lay the Court of Errors
Bill nn tho table, which motion wiis not carried.
A morion to re-ennsidor iha vote, on the motion to
lay Mr. Gray's resolution* concerning the m-'tlon to
lay n Bill on ill" table fur the balance of the session
oillting off nil dcbuto.wn* a'*n lo-t After tho journul
wu* read, Mr. Ilohaits, of ila I, moved to -uspund
the order of the day so ns to take up tlid lesduiions
requiring the Commissioners of tlio Western and
Atlantic Bail Hoad tu postpone tho letting of con
tracts. Tliu Yens und Nny# were c tlled—Yuus
01—Nny* 75. S • tin* motion was agreed to. Cel-
A. H. Kenan then moved to make it tlie special or
der of the day for Wednesday next. Ho supported
his motion in hi* tH-ml eloquent manner Mr.
Uuhcris opp i* tl this oil tin- ground that uvory inun
ill tlie Ho t*o knew enough about it. This was hit
speech* Mr. Murphy, uf Du Kallt, tri.su oppos a! it
Mr. Ward, of Clialliam, supported it on the ground
that tho report of tho Joint Coinmittue of Internal
Improvement wus nut yet before iho lluu.se, Mr.
Harris, of Newton, Mr. Hunt* r, of Crawford. Mr
Spencer,nf Liberty,Mr.Turver,(altImugh ho uxpre*.
*ed himself opposed lo cniitmiiingit buy on I Crus*
Plains,iu Murray cu.) und Gi-n. Glascock supported
it, Gan.ClnVvIuiid also supported it. ThoYonsund
Nay* were called. Yens 95—Nays (J7.
Tho far tl# dint most of the suppor'er* of these
resolution* wiril to stop tho work ut Cross Plains.
This subject will come up in its regular order, when
the repurl nf thn Joint CoinniiUua of Internal Im
provement shnll lie laid before thu House. An an
imated discussion may then hu expected. These
resolutions are put out as Ibelers, and in order that
they may count noses. 1 siucrely h pi lliutihu
uhuvo isa test of thu opinion of u majority uf this
H'll-c,us to the impni'iuiil subject of continuing
the Ruudtotlio Tennessee Ulvvr. Tho cull of the
'roll'll''# then come on in i. gulur cider. Mr..Millcn,
of Cliutli ioi, introduced u Bill lo incorporate tho
Suvuimtili IMitcuix Steam Mill Cumpany, which
wus read the first lime. Gcu. Glu-ceck offered n
resolution dial f-r the bulane.o of the Session, the
House should adjourn to meet at 0 o'clock, A. M.,
nud ut3 P. M.. wideli was carried new con.
At 3 o'clock tlio Hou-o inul pursuant te thu ulmve
reseiiithni.
. The Uill introduced hy Mr. Cune, of Camdon.to
midiorixe a lutn ry in the iowii ofSt. Marys, tomiso
$10,0'10 for . llio purpose of budding an Academy,
o.iiuu up fiiriu third reading. Tho Yeas and Nnyi
were called for. Yens 85—Nnys 53.
Some Brils not of geiiuial interest were pusso-l.
Tin* House tic ti ui(juu* tied.
In the Semite, to-day, the hill rohuivo tu the
Bunks, intr duced »iinultaneou*ly into the Senate
hy Mr. Jordan, nr.il into the House by Gen. Glas
cock, was th.' speciul order of the day. It was di*<
cu.-st'd w illi much warmth. Nonctiun was had upon
it wh -n the Senate m\joiinted ( consoqu ntly, it srili
is hofure that body for discussion It is the special
o derofthoday in the House for Wednesday next,
l wrote you that Gen Tarver’s Bdl had been re.
for.ud tu (he Joint Standing Committee on tlio Ju
diciary. Tin* Cimirmanof thtu Committee, nn the
part of the House, Col. D. C. Campbell, of Bilib,
thin nf omooiV suhiniited to that Committee n report
w hicli wits ttnauimoHelg adopted hy it. I have hud
thepleusureof reading that report, and T am highly
gratified that the Committee riiuuld have adopted
it unanimously. It takes the highnnd proper ground
that the Bill is entirely uncoostit tinnitl, and en
force*'that ground inn manner highly creditable tu
the uutluirof the report. It concludes by recoin*
mending the adoption of tho follow mg resolution 2
Resolved, That the Joint Standing Cummimoon
the Judiciary bo di-chu ged from the further con
sideration of this Bill.
There is not tlio slightest doubt but thnt this reso
lution will he adopted by the Legislature, and th»t
w ill finisli thu matter. Yours,
foaa4*tl*a ra suatety, will l» vary ataettyr pro*
Mwiirwied «• tlw e&ent in wbteh ifot Mata* haw
involrvd tlwiMsIm. Grorai* with sli Iml va»t pro
jrett, is not yst tank beyond recovery. TWw is /vi
plenty of mi*ehief and Iom and extravagant sun
that «*t»t only In prospect and Inacliettw, dangers
such as the prudent man foierae* and retreats from.
South CvroliM has somrihii'i l*i »,to answer for, and
somo half finished pr»\H*u from which it bebcore*
her in unouil hersaff with all speed. Tim wry simpta
nropusiifon that it Is better tu l»*« otw mdlinn than
two, though nut yt t coniprefomdcd hy Sim* Lrgitla-
lures, Is forginning to dawa quire clraily on lire pro-
P^'
(Correepondtnee of the Augni'a Chronicle.)
MILLEDGEVILLK, Nuv. 21.
IN SENATE.
The Senate took up tlie resolution* in regard to
the B ink of Darien, nnd after some discussion, Mr.
Hopkms offered an mrwnd nent, pruputlng to ex
tend ilia powers of tha examining eomnvtiee lu nil
other Banks in this Siuto, thnt have nr m iy suspend
siteeln pnymunts, the whole matter wn* . referred to
the rnmmitta on Bank*.
Mr. Tracy—To create ande-tablish in tlie.name,
and for ton benefit of thi* Slate a Bonk, with
brancho*, to be known under the name nnd style of
the Central Bunk of Georgia, and to distolvu the
rhurter of the present Cemml Bank of Georgia.—
This is nn important bill, nnd ns it is now being
printed, us soon a* received, 1 will forward a copy.
Nov. 22.
Mr. Wdlinms laid on the tablo the following
resoluiion"Thar his Excellency the Governor
he, and he I* hereby directed u>.d ninhoritod tu
cree.t n monument over Gen. David Brady Mitchell,
• former Governor of Georgia, who died w hil«t re
presenting the county of Buld win, in the Sunn to uf‘
of Georgia, in thu year 1037.
The Senate took up and cotirurred in thn resolu
tion of llio House of Representatives rotative to the
claim* of Tretevaut, Elliott nud Golpidn.
HOUSE OF REPRESENTATIVES.
Nov. 21.
Bill* introduced
Mr. Clark—To Incorporate tlio trustee* of St.
Marys Academy, in iha county of Cnnidun.
Mr. Cumplmll—‘To amend tho charter of the
Monroe Rail Rond and Hanking Company. Ai»u
n bill to incorporate tbo Macon Iron Steamboat
Company.
Nov. 22.
Bills introduced.
Mr. Conn—'To layout n new road in Curmh-n
county, Sic.
Mr! Dart—To incorporate “The Brunswick
Guards," &c.
Nov 23.
Mt. Stephens laid on tlio table a resolution
diiacting our Senator* in Congress to insist on
the immud nta payment, or deposit with the Statas,
of the 4ili instalment of thn surplus revenue.
(From the Federal Union of Tuctday.)
Thu following hill wns introduced in the Huttsa
of Representatives, hy Mr. Barclay, nf Habersham,
ami 210 copies unored to bo pr.nted for the ura ,.f
the li'Mise.
Mura offocltially to compel Bunks to redeem their
papor.
Be it enacted by the Senate and ffoute of
Jlcpretcnlativet of the Stale of Georgia in Gene
ral Atfmhly met, and it it hereby enacted by
theauthority of the tame, That when any Hank
now incut poruted, or w hicli muy be hereafter incor
porated, slmll fail nr refuse to nay specie for any of
its bilks, utiles nr draftsfur which they maybe Ounnd,
when demanded by any hold, r or holders of tho
sumo, (incorporated Bank* nnd tanker* only excep
ted,) such Bunk.slmll not, during tlie suspension of
payment aforusti'il, commence nay suit or suits in
nny of I lie colli t# of law or equity ill thi# Stite,
against thu citizen# thereof, on any bond nr bond*,
mile nr notes, draft or drafts, made payable nt,in d
discounted by nuv Hitch Bank or Banks; uml tlio
fuel of such refusal tu pny may he pleaded in nlia e-
met.t,mid upon prnuf thereof, u won mil sbnll bo
awarded by the Court.
And bn it further enacted hy the authority afore-
eiid, That if nny Bank shad have a-unin. need a
siil nr suits in nny of tho courts nf this Slate, upon
liny bund or tamd*, n-ite or notes, dralt nr drafis,
marie pny.dile ut, and di-c -uttied by tbo snine, ai d
before tba tomlitiuii of jud;in -nt lipo i such suit o.
suits, the subl P.nnk shall fail or refuse tu pay spe
cie for it* bills, note* nr dr-fts, wlion den an e l by
the lioider ur holders of the same, (incurpora ed
B inks ami brokers on y excepted,) and the said fail
ure shall bn made appenr to tlio cturt by plea nr
o'.lierwist', the suit or suit# slnll lie continued until
the next term nf said court, and ifit is not tnmta
appear at said com t that said Bunk has resumed
specie payment, mid still continue* to pay specie
fur its hills, autos nud drufis, said Suit or suit* shall
bn dlsmis-ed.
And be it further enacted by the authority
aforesaid, Tlint no Banks, after a failure to pay
specie lor its bills, noiu* or drafts, slmll transfer nny
notes, bunds ut dratls tnario payable ut, and discoun
ted hy the same, to any other Batik, or to nny indi
vidual «rcmiipiiiiy, to uvudo tlie true iu'eiit nml
tuo.iuiim of tins act.
GEOLOGICAL SURVEY.
ON FR'IIAV t.AST.
Tbo Mouse took up tlie following Resolution and
ngiiwil thereto, te w.lt
Wfi'-reiis, tlie General Assembly of this State,
p tssed a joint resolution militarizing Ids Exco 1-ncy
the G-ivrnor, nr Id# successor in office, to employ
one or more suitable and well qualified po.snns o
■Mi-lertako tlie work of a careful and scicn ilical
Geological Survey of nil tin* cvuntic* of this State,
assented to, 28th December. 1U3(J.
And wlfreas, tbo General Assembly of this
State did nppitiprinto the sum of ion tlnm-nnd dol
lars for said purpose by an net of the Guneml A>
seuiliy of thi# Slate, nssenlud to, 2Utli December,
1838, wldch said sum having been, us now under
stood, entirely oxlnuslrdin carrying nut the object
of mid rn olution and uppropriution without any
benefit to ilv* people nf Georg’n, wba'stiover.
Be it therefore retained, That thn office of Geo
logical Surveyor of this State, be und is hereby abut-
foiled.
RAIN! RAIN!!
There* has been a fine rain at Augusta, which will
doubtless cause tlie river to rise. Tho Chronicle
of Monday says.
It h.i* been raining gently anti almost constantly
for more than thirty-six hours. Thi* i* tho best
news we rati give. Why? Because we shall have
a rise in the river; goods can came up, cotton c.m
move, the Bank# can discount lulls upon that arti-
cle, which will give u circulation to money, which will
make business brisk, time# easier, am! the people
happier. Now if tlie Legislature will only “do the
clean thing,'* we may look out foi tho good old times
of Adam and of Eve.
OtrjTbfCharlestau Mercury, 2fith, thus remark*
en the Flnuivfol Report, wu ate now publishing.
Th 'Comrois«inner*uppointed, under a resolution
of tbo last Legislature ut Georgia, to digest a system
of finance for tlie State, Ira - e mu to a rejHirt iu which
they rccoitinieii-i taxation u# the remedy for her
eintauta-smet.ls nnd the foundation uf ta r fiscal
system Wo rejoice ntsuch a recommendation and
devoutly hope that lira high authority of tbo Com
missioner# and the great ability und c>*mpleteue*»
of their report w ill st cure the adoption of n.e recom-
m mlatiou. Gtvrgia will then hive the honor of
leading the way iu that great ruvo.ution wbi. h every
day makes mote evident nod inevitable, aud whicli
U des.ined utterly t • sweep away tbo present bor-
rowing *y«tem. No man can *hm hi* oje< to the
fact that »qeh a revolution ha* commenced, nor to
the other fact that iu dnafer to the very structure
From the Federal Union of Tuesday.
SUMTKll COUNTY ELECTION.
A great dual nf cant aud do-ruction of the Union
party in th" Legi-lature, ha*found it* way into tho
opposition papers, on the subject uf imputed fraud*
nnd cornifti"!i in the Sumter county election. It
will lie rcmettmoied by our readers thnt the Demo
cracy in tlie Legfolu'nro returned thi# election to the
appiaprinie tribunal, the people. Tho result is,
that PEARCE, the Union candidate, is again elec
ted Thus this slander is once mu.o nailed to tho
counter.
For the satisfaction of those interested, statement
ot the polls i* annexed, viz:
PEARCE, (Union) 315
PICKETT, ($. It) 268
Majority,
47
RUCKERSVILLE BANKING COMPANY.
Tlie plntes, dies, &c., of this in-titutmn being un
dor tlio r-ontrnl of tlm Comptroller anil Commis
sioner*. They have delivered to tbo company about
eighty thousand dollnrs ofth'-ir bil s. Ti o remain
ing forty thou-ati'i dollars in bills they ure entitled
to receive; will bo delivered us soon as they can lie
registered nnd coant'-r-ignod. Thus it will lie seen,
that th# Free Banking law ol' Georgia lint gone into
opt-iarion.—Ibid.
TALLAHASSEE, Nvo.20
InniAXS.—On Saturday evening lu»t, nj Mr. li
ter, living about four mile# from town, was nut driv
ing for doer, with some of hi* neighbors, the dog#
suddenly ton off in n new direction, apparently eag
er in pur-oil of some other game from that which
they had jest been running, Mr. Islerwas attracted
tn follow hi* dug# from their extra-ml inary move-
men:# nnd wild conduct, und nAer proceeding a
short distance, discovered what bo supposed to be a
runnway negro, standing behind n smuli tree, and
asked him what lie whs doing then-. A* soon u#
lie spoke, however, be discovered that it wns nn
Indian, who raised bis rifle tn shoot taler—and did
fire, his ball grating tbo hrenst nf taler, at this mo-
ment a white man in company fired up-m the Indian,
nnd wounded him. Mr taler nlso shot him and th>
Indian wa* killed on the spot. His scalp wn* tu-
ken off and brought to town. Eleven Indians wen-
seen to cro»# the St. Augustine road, on Sunday.—
In thirty minute* from the tuna the news above re-
tilted reached town, tlie miouto men were in pur
suit. nml Hacked the foe for several miles but lo-t
their winding way in the hummock. On thi* oen
a ion, the Indian- have evinced great boldnossjmving
approached nearer to iho city tima ever before;—
Every man should be on tho alert and be prepor.nl
to defend himself.
In the d.vv* of Roman repub!ican!sm,hcwho«iTPed
the life of ncilisoi was crowned withn wreath;
in.utr Republic he is more assured oflimor who
takes or endeavors to take tho life of n citixeu.—
Florida lIt raid.
\FT The Bxititn >r« Chronicle,fo tu ha tolJ in that
tty, on Monday next.
FRIDAY, NOVEMBER 29, 1839.
Tm* Lraistmat.—ffoverol rsports recently 1*1*1
Iraf tt tfot General \s»«mhly. Iu*e Men received
fr4m our ctwrespondentl Tlwy shall npp- nr In our
columns, ••rally as polibfo.
""GOOD NEWS.
The river Savannah ha* felt the " soft Impeach-
mwit." Tlw rain* that have recently fallen, have
•wcilotl It toil* former bank*, and tlw •tcambont
panic*, once more, brighten up, note* aoullt-s*
corporations, hut a* delight' d individual#. Tlicir
Idle steamer* wnko up, like Rip Van Winkle, nml
■re ■•toidsta'dnt their own celerity of motion, while
the hum ofconimi-rcH resound*-lithe wlrarve* ofilie
companies, nnd well freighted bout* Imp over the
limpid lm»o»n of the stream, analmis to return from
our sforer city with the lofty pitas of Georgia's cot*
tan bag*. 1
May they Ho a* much n* they desire, to compen
sate for the dull week* they hnve cue luntored, i» the
dmire of their friend of the Georgian. Go ahead,
Mcnmets, and wnkeup the nymph*, who have en
joyed a lung toposo in their coral craves.
Henry Y. Gray, E*q. bn* been appointed by tlioir
Honors Judge* Wayne and Gilchrist, Clerk of the
Circuit und District Coutu of the U. S. for South
Carolina, vice James Jervey, Esq., resigned.
^ LATE FROM FLORIDA.—
We learn with regret that Cupt.SxARl.x. Quarter
Master U. S. A. wns shot atby Indians, while on hi*
way from St. Augustine to7Picolnta. He was nt
thn time in tlie stage, and wns budly wounded in the
hip. He remains in n duiuon-u- stute.
A white man, tiding behind tliecurriugoon horse-
b-tek. wn« first shot. He died a short time altar.
These d-predalfons uracomingn-nri'r home quarters
ihnn usual.— St'io, ,pt A.^ l
The new s reached us throuj
ester, which hi lived yesturtluy from Black Creek.
rt^ Art ‘.(..raboM .
him, tmt only sat* hi* creditor at tMhtare, fou |g
pcrroltorf to rerteh himself upon tha ipwllt of t, lm
whore rnln Ure law has caihlcd him ta MremrpUihi
The only pretext It is imaghid) which can ha
adduced lo justify, upan ConiiHotlonalfnrands, i|m
exercise of tire power daitned by tbn bill, fo tha
supposed analogy of its provisions with there laws
whirli prescribe tha count to ba parsred la tlm
collection of debts. No such analogy however, ia
fartt exists Tire object of thn bill U to delay tba
payment of ■ judgment t aid of those lews insecure
n judgment nml its ultimate discharge, Tba Utter
lor the most part ore based upon the principles of
the common law, which is lacngnltod by tha Con
stitution; while tire former is unknown to the
common law, and expressly prohibited by lire Con-
utltuti-.n. It may ho contended that thr provisions
of tha bill do nut conflict with thn Constitution 1 any
more than the act now offered, which proposes to
amend, nnd which grants n stay of executions for
sixty dny*. Thl* argument however, can be of no
avail till the Cunstitnlionality uf that act Is clearly
demontlruti-d. The act uf 1799 rests upon a foun
dation totally distinct, and con ba defended by
arguments which do not apply to the proposd}
amendment. But admit that ibis amendment can
be adopted, nnd what restraint exist* upon then £un
of the Legislature. If it has the power to granta
stay of execution for two year*, it ha* the somo
power to extend the time indefinitely.
With tlicsc views upon the Constitutional question
involved in tlio measure, it is necessniy to exhibit
In derail its Impolicy—to show that Its effects would
be to tinhrage and derange nil the operations of
Commerce; to crcato distrust in nil the business
transactions of life; to tagulixe the violations of
murnl obligation; to subject the Stato at home and
nbrn'id to rnpnmrh nnd dishonor; nnd instead of
ullevintmgher citizens from the evil under which
they nro suff-'ring, to rentier thorn more oppressive
CiiKRoxKK Disturb a kck.—-According to theSt.
Louis Republican of the 12th, the !nto#t account*
from the Southwest, state thnt Gen. Arbuck'o persi-ts
in his demand for the mutderur* of Hidgo tube sur
rendered to him. Tho demand., it fo believed, will bn
relisted. Ttie General hns made n requisition on
l ho Governor* of Arkansas nnd M s*ouri formilitnry
aid. Th-- Governor of Missouti has been asked for
n brigade of the militia. Ftoninll this, it would ap
penr tliui a fight is expected.
[from noil CORRKSPONDKNT.]
MILLEDGEVILLK, Nov. 25.
Report of tho Joint Committee on the Judiciary,
upon General Tarver's bill.
Thn Joint Committee on the Judiciary, to whom
wns referred a bill to be entitled an net to amend
the 20th section of the Judiciary Act of thi* Stnte,
pasted in 1709. so fur n« respects the stay of execu
tions, Report, That they have given to tire bill thn
consideration, to which, lit their estimation of it#
merits, ii fo entitled. The first enquiry which Its
examination suggested in, ara it* pr .visions com*
puritan with the Constitution of the United State#?
Upon this subject, in tli-t opinion of your Commit
tee, it is unnoco'snry to en»er upon nny elaborate
nrguniont to ulucidut" or enforce tho conclusions to
which they hnve arrived. The const it ut inn snys,
" No Stn'o shall fins* nny law impairing the obliga
tion of contracts.” Tlie bill propose# thnt in all
enso* h renftor.nny person against whom any judg
ment #h-dl lie rood ere-1 in nny of the Courts nf tlifo
Stole, iijiuti giving -ncuriiy. &c. for the payment,
"one half In 12 months nnd the remaining hall’ in
two year# ftotn tbo tenditinn of the .judgment," may
have a stay of execution till the ox pi radon of #uctt
periods of lime. Now whnt is meant by the ex-
pti-ssion, " Impairing the obligation of contract* ?'
Can it menu anything else titan a diminution uf their
vultte, h change of thuir properties to tho injury of
ntto «r th# oilier of the parties—a chango which, fur
Inst moo, divests them of the priority nf lion or tlio
facilities of recovery, which they originally possess
ed ? It canitat but be obvious to all, tlint contracts
entered into under existing laws eoidd nut ho con
summated, could nut be enforced, according to llu
understanding of the partiu* to them, under the ope
ration of the propn*--d act of ullovintion. A con
tract is made with the knowledge thnt if it Ire not
complied with, that compliance can bo enforced
within a specified timet tlio law chango# the con
tract, impairs tbo obligntion, nnd extends the time
of payment for one and two yours. This, it app urs
to your Committee, fo tho certain nml obvious inter
pretntfon of thu clause of the constitution now un
der revi- w, and it is sustained by the higta ft judi
cial authorities of our country. Judge Washington,
lately ono of the Justice of the Supreme Cuurt of
iho United States, says, "u law which a ithorise#
thn discharge of a contract by a smaller stun, or tu
u different time, or in a diffi rout mannor than tin-
panics have stipulated, impairs its obligation hy
substituting for the contract of tho pnrth-s ono which
they imvui entered into, and to the performance of
which they of coutse Imvo never consented. Tlio
old contract fo completely annulled, and a legisla
tive coatioct is imposed upon tlm parties in lien of
it." If nny further nu hority is required, it mny be
found iu tbn dunfoion of Judges Walker, Borrion,
Gresham und Harris, upon the alleviating law# of
Georg a, passed in 1812 and in subsequent y. ars,
who there maintain, in substance, the suiim opinion
and hnve established the same principles.
But tlio proposed law not only violates the ex
press letter of the constitution, but also its spirit.
In tlie Innguagoof lim Bench of Judges in this State,
the clause referred to is remedial.— 1 “ It is to bo
seen in the historical record# of some of the State#,
that pressed nnd exhausted by their efforts in the
struggle for Independence, had rccourso to va
rious expedients to relieve their suffering citizens.
In addition to the issue of bill# ofcredii and paper
money, some laws were passed wholly changing the
nature of the contract; others postponed thu pay
ment of the debt, by authorising it to be mntio in in
stalment*. That this was tho mischief which it
wu# tho object of tho clause in question to remedy,
fo forthur evidenced by the debutos in tho different
Slu.o Convon ions, when tho acceptance of the Uni
ted Sraios Constitution wus under discussion." I
nm a warm friend to the prohibition, (said a mem
ber of the Convention in Virginia) because, it mu-t
Iw prarrotive of Viitue and Justice, nnd preven
tive of Injustice and Fraud If we take a review of
die culnmitic* which have hefallun our reputation ns
a people, we will find they have been produced by
interference of Stato Legislatures with private in
terests."
Wo might add to these evidences, but It is con
ceived to he unnecessary. A Jaw thou, wh 'ie pro
visions nre c-d'-oiut'd to produce a recurrence of
those evils, against which it wus thus manifestly thn
object of this clause of the constitution to guard,
mu-t bo in violation of the spirit and intention of
tlm constitution.
Your committee however, will go still further.—
They have no hesitation ir, saying, tho provisions of
this bill violute tho fondnmantal principles of every
Constitution nf any Government whose object it
is to secure the equal administration of justice. A
single illustration wiil suffice to show the conciseness
ol thi* position. Accoiriing to tlio Constitution of
tho United States, foreigner* nml citizen* of other
State* havo the right to recover their claim* against
citizen# of thi* Stale in the Federal Court. It will
not be denied that the contemplated law cannot
extend to, or operate upon executions issuing from
that Court. Whnt then will tat its praclicul result*?
A merchant of thi# State owes or may hereafter
contract n debt in Liverpool, Charleston, or New
Yotk. He sells to his neighbor upon credit the
good# for which the debt wa# contracted. Execu
tions may be fotued against him, his property may
be sacrificed, nnd his ruin completed; while hi# own
dcbtoi protected by the stay of execution* against
Tha considerations which have nnw bean present,
cd, induce your committee to recommend the
tidoption of thn following resolution
Resolved, That the joint committee on tho Judi
ciary bo discharged froth any further consideration
of this bill.
MILLEDGEVILLE, Nov. 26.
To-day tho lull to Iny out nnd organize a Judicial
Circuit from tho Chattahoochee Circuit, came up
and wns Juned.
Tho Committee nn the Judiciary, submitted their
report nn Gon. Tarver'# bill to thu House, ending a*
I wrnto you.by requiring a dischurg-* from the further
consideration of tho bill. I send you a copy of the re
port. Gon. Tarror moved tu make thu hill tho spe-
ci d order of the day for Tuesday next. This was
opposed on the ground that the country was wait
ing for n decision, and as the bill had boon before
tlio House for iom# time, no further time was ne
cessary. Messrs. Millon and Ward opposed; Gen.
Tarver, Gon. Cleveland and unother gentleman,
supported it. The yea* and nay# wore—Yeas 51,
Nay* 114. Mr. Milien nnd Mr. Ward both emeriTl*
into tho merits of the bill, an l both modn powerful
appeals against tho bill itself. Mr. Milien you
know, and his constituent* know, had some year*
ago, (particularly upon that impo tent tneusure giv
ing the Central Rail Rond and Canal Co Banking
privilege*, and changing it* titlo to that of Central
R R. nnd Banking Co.) established Ills reputation
as n dnbutar. To-tiny m iy bu considoiod Mr. Wur I'#
maiden effort, as ho h i* once or twice said merely
a fnw word# on other occasions. It wn* one which
conferred great credit upon him nnd elicited several
complimentary notices.
Tlio report wa# thm before the Homo for atlnp
tion. The report and bill ware ih-<ti open for dis
cussion. Of course, if the report should bo adopt
ed in it* totality, the m liter w mid be set at rest.
The question wa* then dulmto'1, against tbo re
port nnd In favor of tho bill —Genl. T irver, of
Twig*, and Mr. Stoll, of Stewart; for tho report
nnd against the bill—Mt C implicit, of Bib'i; Dr.
Arnold, Mr. Stephens, of Tail iferre; nnd Mr.
M'trphy, of DeKdb. The Yois and Nay* worn
allied. Dr. Arnold in the coarse of the debate,
observed that for tho honor of hi* native Stnte, he
wished not only that It sh.mid ba put down; but
that llsh mld go out of the Hnu*o with ihe stamp
ofroprobritionunit* front. And h're tat m« do
an net of sheer justice to it* tn wr, G ml. Tarver.
If over u man wu# hoae-t nnd sincere in a monsuro,
ho was. He i« a very large planter, and his crop
•# T have heard fr im smirens 'entirely unconnected
with hi n, will this yea- a nun it to 1200 bales of
Cotton. Thisnlune put* him above nil suspicion
a# to sinister intentions- I t ike great satisfaction
in informing you that thn report, patting nn ontire
end to the matter, wu* adopted by the decisive vote
—Yea* 157, N.iy#7. After, thu tlie House ud-
jutiriied.
In tho aft -rnaon, '.ho If-tuso wa* occupied mostly
with Ino tl nutter. I must cmtfu** I h-trd'y see the
necessity of uftornonn sessions, unless it he deter
mined positively to adjourn nt nn earlier day than
heretofore. The whole truth of tho matter is, that
mouthers in tho vicinity go off, to suit their own con
venience; business is delayed on account of thin
h"U#e*. In tho mean while, members from distant
parts of tin* State nit like " little Jack Horner, with
hi* linger iu hi* eye;" but without his consolation
of eating " h's Christmas pie," at leant at homo.
Ah, "my gunilo public!” well it is for tho dignity
uf government that you do nut always see the win:#
by which public puppets aie moved I
In the Senate to-duy, Mr. Dunagan's bill to stop
the Western a id Atlantic Rail Rnndnt Cross Plains
came up as tho special order of tho day. It wns
discussed with much waimth, during a morning and
afternoon session. I wa# n it in the Senate, and
know nut who spoke, except Mr. G irdon, uf Chat
ham, who wn# on the (lojr, opposing tho measure
when 1 ontoied tlio Smate Chamber. He whs at
tha conclusion of hi*speech. Tho bill was finally
laid on the tablo for the balance of tho #e*sion—
Yeas 43, Nay* 41. It still ha# a chunce for tecoti-
dirieratinn, and here, most emphatically “ no man
knoweth what another diy may bring fourth."—
A tnossnge was received from the Executive, tran*-
mining resolutions of the Legislature of Missouri
concerning slavery, which on motion, *ere rnfetroi
lo tho committee on thn State of the republic. *
Yours,- *
[communicated ]
THE HOPES OF SAVANNAH.
Mr. Editor:—For somo timo pust I have been
not a littlo surprised to find that the Bank* of thi#
City refuse to take the bill* of the Monroe Rnil
Rood Bank, in common with most of the up coun
try bilh.
In my opinion, there Ore two incoBiistcncie* in
this course. 1st. The tmdo of the up country ha#
ju*t begun to return to our City, after a lapse of
many long years; and this move of our Banks,
at thi* particular time, will very much tend to drive
the up ^mutry merchants and planters elsewhere.
But tlio most remarkable feature in this policy i»,
that the bill# of tho Monroe Rnil Rond Buuk should f
he r*ji'cted at the very moment when tho plans of
that Company #nem to bo crowned with tho must
signal succo##. And at n time whon the Bunk, as
to its solvency, is stronger than it ever ha* been at
nny previous time. By reference to tho Chief
Engineer’* ln*t report, it will be seen thnt the entire
number uf stnckho'ders in that raid amount* to near
three hundred persons; net a few of whom «ro
among the most substantial planter* and capitalist*-
in MiJdle Georgia. By tho sume report It will be
•oen thnt th-* wltolu of the route from Forsyth t" thn
State road is now under contract, and in rapid pro-
gr.-»*, under the management of a*nb!e und eflkii nt
contractors asevur engaged on nny work of Internal
Improvement in thi# or nny other country. Tim
same report Inform* us that tbo first thirty mile* °*
the rosd above Forsyth will be completed by '1“*
first of Miy,another portion by ths first of Augu»t#
nnd ths tchole by the first of November next.
