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v\ 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.