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T II E UAC O TV («EO K OU TE I/EG K A 1* IT.
• r^iKCil or »sr:.\»:v iL.IV AJOAUMT a and when o .kiug turibat, he may j-n-.t-.y lb..: i-i- ! , v\ i.c 5.-..ih-m«-i. .itlrmpt t,.carry this ii.eimae upon the
Y»»u sav to this c -r mratimt. wtcanyul autuorise you u> dlv ground «*t acquiescence ol |»rrcrc«-iit. d«i uir% h*r"et ibnt ue
No! 0t
, . _ . __ • />. -mr- niw write. Great Britain, however. _ „* — ■•** —4 u«ii » u> uc uwstuered
1> E M O.C It A C
■— 7^rfetKtrr.»rsir^rsJf yM ’ w*—.**,*,?
SateK^SatS..Ti»s 4- h " " r pnirloman whichi,to im *'
v;:-iessing then* lent. yet every duly is to he Considered. a^dU~
united n t .vrt:.s bank.
Speech 1* ihe q teiiiiH of returning the Charter of the
Ji ittk of the Utiled d'.ates, delivered is the Senate
of the United Stale*. 1611.
Ms PtUKOSMT—'.Viten tie subject involved in the
m »:i » ur a ider ou.m.Jeration, «rji depending before the
o.ear brineh of die Leqiilature. « di,po*itinn to acquiesce
is tklir dstidei *i< «*nsei. For alttmugh tlie Commit-
tie. who repined mis bill, hvl been raised tinny weeas.
pri >r 11 t ie determin-.non of tint House of the propo-itimi
t • recti trier the osii t, etcept toe ncrisional reference to
it of tne 11 >ruU an 1 petition,, we scarcely erer heard of it.
Toe raj -ction. it is tree, of a m .cure brought bef ire either
branch of Co ig.-ets, d >es n it absolutely preclude the other
count—toi inii p.j er—to revulm,-commerce, A
boo.. nave 11 • |>ic edents uf that Itiutl. Hut ilien we can
authorize\oa pi collect the revenue, nnd. whilst occupitd
wiih ihnt.yuu may do whatever else you |i!case!
What is a corporation, such as the bill contemplates T It
is a splendid a-sociaiiuu of favored individuals, taken from
the mass of society, and invested with exemptions and sur
rounded by immunities sod privileges- The honorable
gentirtnau from Massachusetts (Mr. Floyd) lias said, that
the original law, establishing the Bulk, was justly liable to
the objection of vesting in that iua.itotion an exclusive prtvi
lege, toe laiili or the Government being ple-lged that numb-
crl).nk slinold i.e authorized during its existence. This
objection iie supposes is obviated by the bill under consid'
fion t iking up the same pr.ipisithso; but the economy of eratiou; but all coqmrations enjoy exclusive privilege
uer fi no, and a jast deference for the opinion of oihers,
would see.n to recominsnd a delicate and cautiouaexercise
•f this piarer. As this subject, at the m-morab!e period
when 113 cittrter w is grime J, cslla.i firth the best talents
of the naiio 1—is it uas. on various occasions, undergooe
the m •« thor iugi i ivcatigui.in. an l a* we cm hardly at-
pic. tlut it ia ausceptible of receiving sty further eluci.l.i-
no i. it was 11 be ha ted that we should have iieea spared
useless debate. This wu the more desirable. because
there are, I c uiceive. m ich aaoerior claims up >n us for ev-
try hmrol'tie smill o triion of the session yet re 1. lining to
na. Ued rr the operation of t teae motives. I ha l resolve I
t» give a silent r ue. u i.il I fed luya.df b iund. by the defy
ing -n 1 mtr ol toe arj imans a )v.s iced in suppi-t of the rir-
n *w d. to obey t le par* n uni luiie.s I owe my c mn ry an i
its Coistituti s-i. to make one effort, h iwever feeble, to avert
the ntssageof what appear* to me a m >st unjusiiti ible law.
After my honorable friend from Virgmii bad instructed and
am tied us with the very able and ingenious argument,
which lie delivered 011 yesterday. I should have atill firb-iru
to trespsts on the den ue. but for the ext-anrii nry charac
ter nf hit speech.—He disc iased bo h sides of the question,
with great ability and «loq ten re. an 1 certainly dew uistra-
oaJ to the s itiaf icti.m of all who hear I niin. both that it was
constitutional an I unccnslituiionil, hij'ily pri p-r. and im
proper, to prolong the charter of the H in'*. The ho mr able
gsatlnni'i appealed to ms in the pre licainent m which the
celebrated orator of Virginia. Patrick Henry, is said to have
been once plice.t. Engaged in a most ewissha and Inerj
tire practec of the I iw.lie misi-iok, iuoiieinsisn c.the sideuf
t ho cause in which lie was retained, and ad ire-wed I'jo Court
and jury in a masterly and convincing speech, in behalf of
Kia anug mist Ilia distracted client came t-.ptu him. whilst
be was thus employe. 1, end interruption him, bitterly ex
claimed. “You have undone me! - you have ruin-d me!!"
"Never mind, gi ve yourself no c-c.c'erti," said the adroit ad
vocate. and turning to the Ooc.rt and jury, continued his ar
gument hv observing, "May it please vnur honors, and you,
gentlemen of the j ir^, J have been at.itiug to you what I
presume my adv»,„ r ^ trnv ur g« on bis *:de. I wili now
show you n r ,w fallacious his reasoning, and groan lies* his
preiens.-m' am.” The skilful orat-ir proceeded, aatisl'actn.
rtly refuted every argument lie hail advanced, and gained
his cause I—A success, with which I trust the exertion of
ray honorable friend will, on-this occasion, be crowned.
, *'has been said, by the'honorable gentleman from Geor-
K 'a. that this has been made a party question, although tiie
w incorporating!?.* Bank was passed prior to the forma
tion of parties, and when Congress w is not biassed by party
C rejudieea (Sr. C. explained. He did not mem that it
ad been ms te a party queition in the Senate. His allusion
was felskwhere.) I do imt think it altogether fair, to refrr
to'the discussions in the House of Kepreientaltves, as gen
tle.tra belunring t-> that body have n > dpi«ortunity of vindi-
'earing them«i Ives here. It ii irue. that this law was not the
etT.-cr, but it is no less true that it was one of the political di
visions in th ; s 1 o i itry.—An I, if. during the agititiou of the
present que- t o 1. the renewal has. on one side liven opposed,
on party principles, let me ask if, on the other, it has ml been
•dvo-ated 01 sun.Is.' principles? Where is the Mst-edoniau
pbalsnx, the opposition in Congress? I believe, sir. I shall
n it incur the charge of presumptuous prophecy, when I pre-
diet, *1 shall not pick up fiom its ranks one single straggler!
And if, on this occasion, iny wor.Ly friend from Georgia has
f .ue over into the ramp ot the enemy, is it kind in kim to
wk back upon hia firmer friends, and rebuke them for tby
6 Iclity with which they adhere to their old principles !
I shall not amp to examine how far a representative is
bound by the instructions nr bis constituents. That is a
question bet ween the giver and receiver of the instructions.
Hat 1 must be penniued 10 express my surprise at tba point-
e I difference which has been made, between the opinion*
ofdtate Legislature, and the deputations with wli cb we
have been surroun led from Philadelphia. Whilst the res
olu: ions of tlmse legiilatuie*—known, legitimate, rnnstita
tioml and deliberate bodies—hive been thrown into the
bark grounds, vnd their interference regarded ax offf anas,
these delegation i from self-created s atieties, composed ol
nobody knows whom, have been receive I by the committee
with the utm tst complaisance. Tbeir communications hare
been treasured up with tbe creates! diligence Never did
the Delphic priests collect with more holy care the frantic
expressions of tbe ag'uted Pytbia. or expound them with
more solemnity to the astonished Grecian, than has the
Ountnittee gathered tbe opinio t and testitn mica of these
deputies, and, through the gentleman ‘roni M i*ascbu*- its.
detailed them to the Senate I—Philadelphia ha* Iter itnue
diate representatives, capable of expressing her wishes, up
on tfce floor ol th s other House. If 11 lie i uproper for Stales
11 obtrude upon Cong -ess their sentiment*, it is much mn-e
highly so for the unaumorised deputies ot fortuitous congre
gations.
Tbe first singular feature that attracts attention in tlti*
bill, is <be new and unconstitutional vetifwiiich it esuhhahes.
T ie Goustitutioa, b*a required, only, mat nf.« v bills hare
passed the House of Representatives and the Senate, they
shall be presented to l te President for bis approval or re
jectioo, and Ilia determination is to be made known in ten
diys. But this bill provide*, that when nil the constitutional
sa lotions are obtaiued. and when according to the usual
routine of legislation. i| ought a bis considered at a law.it
is to be submitted to a new branch of the Legislature, con
a'nting of the President and twenty-four Direeiois of the
Bin’* of the Untied States, holding tbeir sessions in Pltila-
detphis. and if they please to approve it, why then it is to
become a law ! An 1 three months (the term allowed ty
ourlnw of May last, tonne of the great belligerents, f *r re
yoking his edicts, after the other shall have repealed his)
that ts, the corporator* have privileges which uu others pos-
se-i». If y >a create htiy corporations, instead of one. you
have only tifiy privileged bodies, instead of one. I coulrwl
tlist the Blairs have the ex -iusive |»iwrr to »egulale con
tra -ts—10 declare the rapacities and incapacities to contract
and to provide as to the extent of responsibility of debtors
to their errt itor*. If Congress have me tnwcr in erect an
irtiticial body, and say, it shall be endowed with the aiirib
utesof an individual—if you can bestow tin Uiir object of
your own creation tbe ability to c attract, may you not. in
contravention of Stile Kights'cnufcr upon staves, infanta and
feuitar* Ctvrlet the ability to contract ? -And if you have
the imwer t • say. that an association ol individuals shall lie
reap >.i*ifJe for tbeir debts, only in a cert a in limited degree,
what is to prevent au extension of a similar exemption to in
dividuals? Where is the limitation noon this power, to
set uji corporations ? You establish one in tbe heart of a
Butte—the basis of whose capital is money. You may erect
others, whose capital shall consist of land, slaves and per-
sons I estates, ami thus, the wh’le propeny. within the juris
diction nf a Bute, might lie abaotbed by these political ito-
•lies. The existing "bank contends, tlmt it is beyond the
power of a Bute to tax it, and, if this pretension, be well
founded, it i* in the power of Congees*, by chartering Com
panies, to dry up all the sources of State Revenue. Geor
gia Ins undertaken, it is true to levy a ux on the bram-li
within her jurisdiction—but tbia law. now under a course uf
litigation, is considered as invalid. Tne United State* owns
a great deal of land in the State nf Ohio Can this Govern
u>e 11k for the purjiose of creating an ability 11 purchase it.
• barter a Company f Alien* are forbidden, I believe, in
that State to bold real estate Could you in order to multi
ply purchasers, rotifer upon them the capacity to hold lahd,
■a derogation of the legal law ? I imagine this will Aardiv
be iu.isteti upon, and yet there exists a more obvious con
nexion between tbe undoubted power which is possessed
by this Government to sell its land, and tbe means of exe
cuting that power, by increasing the demand in the market,
than there it between ibis Bank ami the collection of a tax.
I'oi* Government has tbe power in levy taxe* to raise ar-
tniea—provide munition*—make war—reguiatecommerce—
coin money. Ac. Ac. It would not be difficult to allow aa
intimate a connection between a corporation established for
any p irpuic whatever, and some one or otter of these great
powers, at there is between the revenue aud the Batik of
tbe United States.
Let us enquire into the actual participation r.f ibis Bank
in the collection ol tbe reveune. Prior to the passage of
the act of JBOO. requiring die collectors of those porta of en
try at which the principal Bank, or any of its office*, are
situated, to deposite with them the custom house bond*, it
bad not tlie smallest agency in the collection of the duties
Dunne almost one moiety of die period to which the exist
e.iceof this institution, was limited, it was in no wise inslru-
inenial in tbe collection of that revenue 10 which it is now
become indispensable! The collection previous to- ItfOO,
was made entirely by the collectors; and, eveu at pn- sent
where there is one |mrt of entry, at which this Ban* is em
ployed. there are right or ten at which die collection i*
made, as it was before iBUO. And. sir, wlia’ docs this tiauk
•ir its branches where resort is bad to it ? It does not ad
just with the merchant tbe amount nf duty, nor take Ins
bond. nor. if tbe bond is uot paid, coerce the paymeut by
distress or otherwise. In fact, it has no active agency what
ever in die collection. Its operation ii merely passive;
that is. if die obliged, after his bond is placed in the Bank,
discharges it. all ts very well. Such is dir mighty aid af
forded by this tax gatherer, without which die Government
c innnt gel along I Again ; it is n..t pretended that the very
limited assistance which this institution doe* in truth ren
ter, extend* to any odirr than a single species of tax—that
is. duties. In the collection of the excise, die direct and
o her internal taxes, no aid was derived from any Bank. It
is true, in the collection of those taxe*. the farmer did n t
tbtaio the same indulgence which the merchant receives in
prying duties. But what obliges Congress to gbrecredii ar
all I Could it not demand prompt payment of the dude* ?
Ini in fart, does it not so demand in many instance- ?
Whether credit is given or not. is a matter of lucre discre
tion. if it b»- a facility to mercantile operations (a* 1 pre
sume it is,) it ought to he granted But I deny the rignt to
engr ill upon it a Bank, which you would not otherwise bare
the power to erect. You catir.ot ckkxtx the nkckssitt ol
1 B ink. and then plead th it nece<*He fur its establishment.
In tbe adm nistratiouof its finances, the Bank actssimply a*
a payer and receiver. The Secretary of tbe Treasory'iiaa
money in New York and wants it in Charleston; die Bank
wi 1 furnish him with a check or b 11. to make the remittance.
A-hic'.i any merchant would do just aa well.
I will now *now, by fact, actual experience, not riierortc
reasoning, bar by the records themselves ol the Treasury,
that t'te operation of that department may be as we | coo-
luctrd without aa with this Bank. The dr'usion has con
sistrd in the use of cert iiu high sounding phrases, dexter
•mil* uied on that occasion—"the collection of the revenue"
— the adniiotstrdtinn nf the fi-iance*”— -die c mdurnng ol
lie fiscal affair* nf the Government"—the usual language of
the advocate* of a Hank, to extort express assent, or awe in
to acq'iiesence. without inq'tiry'or examination into neers
*iry. About the commencement nf thi* year there appear*
by the report of tbe Secretary of die Treasury, of the 7tlt
of January, to have been a little Upwards «f two million*
tud four hundred thousand dollars in die Treasury of tbe
UniteJ States; and more than one-third of this whole sum
was in the vaults of local B .nks. In several iustanre*
where opportunities existed nf selecting the Bank, a prefer-
ence has been given to the 8 ate Bank, or nt least a |«rtimi
nf t ic deposite* baa been made with it. In New York, for
re m»l m Westminster Hall 1 In courts ot just ce.llie util-
itv of uniform decision exacts ot the juiige a conformity to
the adjm:i-*aliuti of hi - (ir etiet-e-isor. It< tne interpretation and
administration of the law. this practice is wise amt pr per.
And, without it. every thing dependent upon the caprice of
the Judge, we sbou d have no security lor o„r dearest
rights It is far otherwise, when applied in the source of
legislation. Here no rule exists but the Constitution, and to
legislate upon the grotmd merely that our predecessors
thought themselves authorized, under simt'areircutosianees
to legislate, is In sanctify etror and perpetuate usurpation.
But if we are to be suljected to toe trammels of precedent,
1 ciaim, 00 the otht r hand, the benefit < f the restrictions un
der wtiich the intelligent Judge cautiously receives them.
It is st! established rule, that to give a previous adjudication
any effect, the mind ol the Judge who pronounced it must
have been awakened tn die sul jrei, and it must have been a
deliberate opinion fumed after fuh argument. In leehnieal
language, it must not hn'v* been mlbhmritim Now. the acts
ol 1UU4 and 1307, retied upon as fledges tor the recliartei-
ing this company, pas.-ed not only without any discussions
whatever of the constitutional power I -F Congress to estab
lish a Bjnk ; hut, I venture to sa;. with ml a single member
oaring had his attention drawn l* this question. I had the
honor • f 11 seat in tbe Senate, wten the latter law passed,
probably voted lor it, and dei larr. with the uunort sicceuty.
that 1 never Once tot ught of tltut point; and 1 appeal eoiifi-
deutly to every honorable tnettibtr, who was then pieseut.
in say if that was not Ills situation
This doctrine of precedei ts. rpplied to the Lerislatu
appears to me 10 be fraught *vitb die most mischievous con
sequences The great advantage of our system of Govern-
men: over all others, is, that we hsvte a written Constitution
defining it* limits and prescribing, its authorities—aud that,
however, for a time, faction may convulse the nation, and
passion and party prejudice *w..y its functionaries, the sea-
sun uf rejection will recur, when, calmly retracting tbeit
deeds all aberalioos from fundamental principle will be cor
reeled. But oilcc substitute practice lor principle—the ex
posiliun of tbe Couxtituiinn. for the text of tbe Constitution
and in vain shall we look for the instrument, in the iuatru
tneiil itself. It wi:l be a* diffused and iutaugible ns the
p.-rtrnJed Constitution of England, sod must be sought 'ot
m the statute book, in thn fugitive journals of Congress, am.
the reports of tlie Secretary of the Treasury. Wlia
would be our condition, if we were :o take tbe interpreta
linns given to that aakrtfd book, which is, or bugllt hi be the
criterion of our fault, fur the book itself? We should fine
■be Holy Bible buried beneath the interpretations, glosses,
and comme ts uf councils, synods, and learned Divine.-,
which have produced swarms of intolerant and furiou* sects,
pat taking less of the mildness of their origin: than of a vin
dictive spirit of hostility towards each other. They ought
to afford us a solemn warning, to make tluit Constitution
which we have sworn to support, our invariable guide.
1 conceive then, air, that we are not empowered by the
Constitution, nor bound by any practice under it, to renew
tbe charter of this Hank, and I might here rest the argu
ment. But as there are strong Dejections to the renewal, on
the score nf expediency ; end. as the distresses w hich will
attend the dissolution of the Bank have been greatly exag
gerated, 1 will ask for your indulgence tor a few in- meals
longer. That some temporary inconvenience will arise, 1
shatl not deny, but moat groundlessly have the recent fail
ures in New York been attributed to tbe discontinuance of
■his Bank. As well might you ascribe to that cause the
failures of Amsterdam ami Hamburg, nt* Loudon and Liver-
po 1 —Th e <‘iubarra>fl!!ieiits of rnmmerce— ihe sequestia
lions i* 1 France—tlio Danish captures—in line, the belli^er
prev. Prudet'tce may dictate to t ike 'a longer I’rnod. ami ,|, e ra , c ()f w I,i c |, ,' s below |lm( point, an
she tnav vet tesort to her black colootzi.u. n on the H.o r ., , , , 1 "“' SOtna,
hn.
‘"’Posed.*
an in
GraKo Btepl.O Of iterating Mexico still, further ,0 crease oHhe ra.e, would produce art inerea* 0 £
lullrass U«. ulitil impoverished and worn out, with .-to pros- r a VPI1UP . mu l [/ la [ ever y duly ie t 0 hr S
peel. t it,dependence and no emigration from yourcounlry. ..
M A ( O \
TUESDAY SIORNINO
i atreetluA sdiU overtake you. jour wailing* end ccmplaint* | ■ V"*’ ' “•l' “* BI ,p rni j,
1 must be to vnurselve*. for ml yourselves you w ill h .ve tit -yitl, £o much freedom of trade, as man t.
Democratic t'niiilidiile* for I'rcsidenl.
IIAIMi.\ VAI> BUKEl,ofi\ Y
LL1VI§ CASS, of‘Ohio,
lilCIl’D. II. JOII.\SO.\, ol Ky
.ion A i'YLER, of Virginia.
Xo be decided by tt IVitlioitnl Courcution iulflny*
I 844.
!?facoii Cotton illarkd.
The news lty the Caledonia lias caused a ertn-
s'tlernhlc decline : n nnr inmket. in bnili qnnliiies.
But little Ctrtion is arriving. We quote 5 a 7j
eenispxireines—a Veiy choice anieJe bringiiig the
Inner price.
Receipts of Colton this season up tn Ist April,
1844 : 81.759 Bales.
Stock on hand, 18.077 “
Receipts same time last year, 88.146 “
Stock on hand. 9,079
that treasury will allow." *** $
AH er rpetling the prohibitory character
• 1 J,«.
willing only, tn grant thp dmips nllowe ( | (, v |||
liill, so hng as the public treasury req u i re j, !*
Cntri'i'iilbe ?nv—“ Thai branch of mannf*,,,.
.71 r. Clrtjt«Speech iu IB 11 .ngniiixt n V. S. Ho 11 it
In nnotherfiart ttfihW paper, will he found, Mr.
CMny’s ■ speech, in 1811, against a Uniietl States
Bank. Anil as that gentleman's opinions seem to
have some weight with the Whig parly at this time,
we commend his opinions, on this subject, 10 the es-
pecint consideration ofhisadmirers. More pan ion
larly. however, to that Class of inert ivlm rend, think,
and form opinions (hr thfemselves; ami who do not
blindly fdilmv t ltd leatl of a few liiigeiahle, hnck
stering dealers.in oolitic?, mere party hacks, who
* •»* -*•
are grauted tham in decide whetlte'an act of Cotigrr*» shall I examp'r, tnrre win deposited in tbe Manhattan Bank
be toe law of the land or not! An act which •* said to he &188.G70. although a branch Bank i* in tbit city. In this
indispensably ne.-e.-aary to our salvation, and without the 1: —~~~ *""*■“ J 1 — 1 - — "— r - r n '—
piassge of which, universal dislrea* and bxnkruptc" are to
pervade tbe country ! Remember, air, that tbe honorable
gentleman from Georgia has contended, that tbia charter ia
uo contract. Do-sit, then, become the Repieaentatives nf
tlie nu'on to p'ace the,Government at the mercy of a cor
C araiionl—Ojj'ii tlie inp-iijingcalamities to be led to tbe
az ir.l of a cotumjcni remedy f
Tltia vagrant power to erect* Bank, after having wander
ed throughout the whole C institution in quest of some con-
ge ital a;*ot ut faqen up >n. bis been at length located by tbe
r r.tlemi* from Georgia on that provision which authorize.
>n/ie.*s toljy and collert taxes, Ac. I:tl7!M,lbe power
is referred to one part of the instrument; in lSlt, to auotiier.
Bometime* it 1* allege I to lie deducible fr an the power to
rezulate comme te liar I pressed uere. it di*ip|ieat*. and
•how* it te fun.ler tbe grant to min money. The -ngaciou*
S-arelaw of tbe Treasury in I791.p>ir*urd the wisest course
—lie his taken shelter behind genet at. high sooudiug aud
imposing terms. He ha* declared, in t'te preamble to tbe
act e.-t iblishjp] tbe b ink. it will he very CuvmJCtvx in the
au.vcssful eomincting of the national Jiunure*; will tend
to giro facility to the obtaining of |, tans, and will be pro
ductile of considerable advantage to trade and industry
in g-neral. No affusion it itixile to the coUection of taxes.
Wnat is tbe nature of this Government? It i* emphatically
Federal, vested with an aggregate of specified power* lot-
general purposes conceded by existing sovereignties, who
bare themselves retained what i* not m conceded. It ia
said, that there are case* in which it must set on implied
powers. Thi* is not c >utro»erted, bat the implication must
be necessary, and obviously flaw (mm the numerated power
with which it is nllied. Tlie powe tn charter co , p n es is
no: specified in the grant, and Ico iletid. is m>t tra inferable
by m?re implication. It is one of the inm-t-'X ilted attributes
a»f sovereignty. In the exercise of lb : * g xan: c power, we
have seen an Hast India Company created, which has Car
ried dismay, desolation and death throughout one of the
largc-l portions of the h thimble world—n company, which
is in itscif * s trereignty—which has sub re ted empire*, and
set up new dyasaties. audJias not only made war. but war
against iu legitimate sovereign. Under the influence of
ibis power, we hare seen arise a (South den Company and
a Missioiptd Contpsny tint distracted and convulsed all
Europe, and men.' 1 "si overthrow of all credit and
coafidMie.and univgr**! bankruptcy. Is it to be iniag.
ined, that a poa er to va.iwruld have been left by the wis
dom ot the CutBSiiiation te douiitfu* inference ? It has been
alleged, thsr there are marly mstaurc* in the Constttuttoi.
erhere powers, in their nature tucio.sntnl. and which have
nocrisarily l« 'n vc:'c t along with the principal, are never
theless expressly cm rm-rnw-d ; and the ( -iwer "to make
rules and regulsiio.as for lh«' government ol thetaod and pa-
y*l forces." which it is said 1* incidental to the power to
raise armies and provide .1 t avy, is given as an exsnip.e.
What docs this prove ?—How extremely cautfoas the Con
vention were to leave at !it:!« as possib'c to implication. In
all exact where inciden'al powers are acted upon, the prin
cipal and incidental, oogltt to be congenial with each othet.
an 1 partake of a common nature, Ti.e ineit’ent*! power
Ougkttobe striety suh>-d.nstevod lim ted to ibeendpro.
poTcd p» be Uttai -cd hy tire kpacifled power. In other word,-,
un lenbr ne. neof a -comp isliiogooe nbjertwhirh itspe; hed
the power htaXs 1 ourht n : to be tnede to embrace othet
objects, which are not specified in the Cou-titution. If thee
V„u t-oald establish a I! ink in collect and distribete the rev
li*trict. $113,000 were de|Hiaited with the liar.k of Coluui
bin.although hete also is a branch Bank, and yet the Slate
batiks are utterly unsafe to lie trusted ! If tbe money after
tlie bonds are col'erted. is thus placed with these Banks. I
presume tlieie can l>e no difficulty in placing tbe bonds
themselves there, if they must be deposited with some Bank
for collection, which I deny.
Again : one of the moat in portant and r.nupUra'cd branch
esoi the Treasury Department, is the management of uir
!an.ted system The aaie* hare, in some sear*, amounted
to upward* of half a mil.ion of do-lara. are generally made
upon credit, and yet no Bank whatever is made use of tn fa
cilttate the collection. After it i* made, the amount in some
instances, has been dep-sited with Banks, and accordinu'tu
toe Secretary’* Report, whicb l have before adverted 10.
the amount so depoait-d wa*. i January, upward* nf three
hundred thousand dollars, not one cent of whi<-b was in the
vault* of the Bank of tlie United State*, or in any of its
branches; but in the Hank of Pennsylvania, its bra neb at
Pittsburg, the Marietta Bank, and the Kentucky 'Bank.
U|kvi the point of responsibility. I caun :t subscribe tn the
opinion of the Secretary of the Treasury t if it is meant,
that tlie ability tn pay the am ont of any deposits which the
Government may make under any exigency, ia greater than
that of tlie State Banks; lU.mhc accountability of a ramified
institution, whose affairs are managed by a single head, re
*|Min*ihle for all iu me-nliera, ia more simple than that nf
a number of indeiierdent and unconnected establishment*.
1 shall not deny ; bat with regard to safely. I am strongly in-
•-lined to think it is on the side of the local Hanks. The
corruption or misconduct of the parent, or any of it* branch
e«. m ty bankrupt or destroy the whole system, and the loss
of the Government in that event will be of the deposites
made with each whereas, in rbe failure of one State Bank,
the I is- will be ror.fiued to the deposit in the vault of th it
Bank. It is said to bare been a part nf Burr’s plan, to seize
on the branch Bank at New Orleans. At that period, large
sum*, imported from La Vera Cruz, are alleged to have
been deposited with it, and if the traitor bad nneomplisbed
the design, the Hank of the United State* it not actually
bankrupt, might have been constrained to stop payment.
It is ureed by the gentleman front Maasai-hnsetU, (Mr.
Lloyd ) that as tbia nation advances in commerce, wealth
and population, new energies Will be unbtided. new wants
and exigencies will arise and lienee he inf. rs. that powers
must be implied from the Constitution. But. kir. the ques
tion is, shall we stretch 1 the instrument to embrace cases not
fairly wi.bin the scope, or shall we retort m that remedy,
by amendment; which the Constitution pre.-cribrd !
Gentlemen contend, that the construction wblcli ihcv give
to tbe Constitution has been acquiesced in by all parties and
under all administrations; and they rely particularly on an
net which passed ill 1804. for extruding n branch to New
Orleans ; end another act of 1807. for punishing those who
should forge or utter Inrged paper nf tne Bank. With re-
gard to the first law. passed no doubt upon the recommen
dation of the Treasury Department, I would remark, that it
was the extension of a branch tn a Territory over which
Congress possessea the power nf legislation almost unron
trolled, and where, without any ti—dull—I impediment,
eharte,**"fincorporation may be granted. Asm the other
act. it was psved no les* for tlie benefit of the community
than the Bank—tn protect the ignorant and unwary Irpin
counterfeit paper, purporting to have been emitted by the
Bank. When gen.lemen are claiming the advantage sup
posed to be deducible front nrquie.-ence. let me inquire
oubl have had those to do. who believe.I the
enoc. it ought to be exp-eaaly restricted to the purpose of I vvlinl they would have had those to do. w ho believed the
ruck collection and distribution. It i* mockery, worse than j establishment of a Bank oncocrrachincut upon State Rights?
roation. to establish it for a lawful object, and then ;o Were they to have resisted, and bow ? By four? l.p r
■nd it to rtherobi-cts whirit are not lawful. I.i dcduc- . ( j lc dtarge of parties inlb00.it must be well recollected
extend U to rtuerocjcci* wuicn am tea unn. H*— IIM rn«(« - r - ...
ting tbe power to rrr ue norp .ratines, sorb as I have de- t|„t the greatest calamities were predirird a* a consequence
arribed K, from the poster to collect taxes tbt rtbtiM nnd of tlmt event. Ioie.-tinns were ascribed to tl.e new oceu-
condition of principal and resident are prostrated nnd dr- ! .amuofpower of violating tbe public faith, and prr.»ir - !
at roved. Tit- seress-.-y is rxaltcd above the principals As I National credit. Under surh circumstances, that
wall might it be ntd. tbit tbe great luminary of day ia an ,|,,, u ld art with grrat cirriiiTisperii.il. wn* quiiejta
accti-orv. a satefite In tbe hundilr-t startbat twiakle# forth They saw in full operation.
upon tbe faith of unprofitable sbipmenta. Yes. sir, tbe pro
test of the notaries of London, not those uf New Yolk, have
occasioned these bankruptcies.
The power of a nation is said to consist in the swnnl End
tl*c purse. Ferhsp* at last all power is resolvable into that
of the purse; for. with it, ;ou may command almost every
thing .tlae. The specie circulation of the Unbed States is
estimau*d by some calculators, alien millions of dollar*;
if it be uo more, one moiety is in the vaults of tbia Bank.
May not tbe time arrive when tbe cot centration uf such a
vast portion of tlie circulating medium of tbe country, in the
liandsofauy corporation, will be dangerous tonur liberties?
By whom is this immense power wielded ? By a body
wiio in derogation of the great principle of nil our institu
tion*. responsibility to the people, is amruahle only to a few
*tock!toMera. and they cii’efly foreigners. Bupiiose an ut-
tem.it to subvert this Goveriiineut. Would not tbe traitor
first aim by force of corruption! to acquire the treasure of
t ii.* Company ? Look at it iu auotiier aspect, ttgven-
tenth* of its capital ate in the ItanJs of loreiguers. and these j
foreigner* 'chiefly' English subjec.s. We are possibly on
the eve of a rupture with that natioti. 8ln uld such an evei t
•ir. u .*lo you apprehend that the Eng!.*h I’remier would
expe.fence any difficulty in nb’aiiiiug tbe entire coutrol of
this institution I Republics, above ail oilier 1 Government*,
ought most seriously to guard against loteigu it, fluenre. All
li'stoiy proves, that the lnteri.a! dis-cnsioti-, exe?l"ii by for
eign lntrt>ue. have orodueed the downfall of utmost every
free government that baa hitherto existed; and yet gentle-
inett contend diet we are benefitied by the |toase».- <"n «f
this foreign capital! If we could bare iu use. without its
mending abuse. 1 shoulJ be gratified a.ao. Bui it is in vu.n
10 expect tbe one without the other. Wealth is power,
and. unde' whatsoever form it exists, it* proprietor wbetlier
ne lives on tbisnr tbe other side of the Atlantic, wili have a
proportionate influence. It ia argued, tutu the possession ,,f
■his foreign capital bas given :s a great influence over the
British Government. If titis reasoning be Mumd. we bad
..ettrr revoke the interdiction as 10 aliens holding laud, amt
nvite foreigners to engross the whole property, real and
personal, oft e country. We bad belter at once exchange
the condition of independent proprietors for that of steward*.
We should then be able to govern nations, ae- qrdmg tit tlie
reasoning of grntieqicn on the other side. But let us put
aside this theory, and appeal to the dei-isionsof experience.
Go to tlie oilier Vile of tbe Atlantic, and see what has been
achieved fur us there, by Englishmen bolding seven-tenths
of the cApital of ibis Bank. Has it released fnmi galling
un i iguomiuous bondage me solitary American seaman,
tileediug under HritUlt oppression ? Did it prevent tlie
unmanly attack ujion the Chesapeake ? Did 11 arrest the
promulgation, of has it abrogated *be orders in council—
tho*r orders U-hich have given birth to a new era in ci in
oerre ? In shite of all it* tn>a*trd effei I, are not Ihe two
nations brought to die very brink of war* Are we quit?
sure that,on this aide of tbe water, it has had no effect fa
vorable to British interest* ? It bas often4>erii state 1. and
although I do not know that it i* susceptible of strict proof,
I believe it to be a fact, that tins Hank exercised its inflij.
ence in support of Jay’s Treaty, and may it wt have eon
tributedto blunt tliepu. lie seutiitidtit.br paralyze the efforts
-.1 tbi* nation agaii’st British aggression ?
Tbe Duke of Northumberland is said tn be tbe most con-
•iderable stockholder in the Bank of tlie Unite-1 tttr.tr*. A
late Loril Chancellor of England, besides other noblemen
was large stockholders Suppose th* Prince of Exiling, the
Duke of Caditre. .inti other French dignitaries, owned se
ven-eighth* of the capital of till* Bank, should we witness
the airne exerti-n* (I allude not to any made in tbe Senate)
to reeltarter it ? 80 lar from it. would rot tbe dancer nf
French influence be resounded through- ui the nslion ?
emoluments. To (Ite latter sort, we do not ;i|q>eal,
n» they are given over io jwtliiical repniltncy. It
is lo the people, the honest people tlf tlmt |>drty we
spenk. Lei tlieiii read fills rifgbmerits nonin-t the
constitutionality of 1 lie Bonk, end honestly »sk
themselves, art! these not the opinions I have al
ways advocated ? The Constitution remain-* tlie
same now that it was, and what new l:£hifl (live
been sited ojKin it since, to chairing Iheif opitiimis?
There hare lieen new lights sited upon the suliject
since 1811. The “ secrei deliaies" at the forimt-
tii*n of ihe Coostitulioo., has been opened since.—
Bui ihe evidence of (he failtcrs of that; sacretl it-
Stmineiit, whUfli lids lieeti levettletl id u*, In the
pilhlicatiort of I'teir deh.-ttes on thi* suliject, is all
against the coosiitutioiialily nfa Bank.
Read Mr. Clay's utiansweruhle rifftmtems a-
g tiust (lie expediency anti necessity for such an in
stitiition. and say, if such have nut long been your
opinions? And wli.il lias hopiiennl to change them?
If the tip|toiminei!l Hi the^ prnKlahle office ol'B.itth
Attoiuey.subsequently gave cleurness to .Mr Chtv’s
nienial vision, (he seine reasoning lots urti tteeii np
plie.'l of vonr*. If he sfrb-eqtrenil v cliscoveff’ft ihti:
the uja'iiied interest nf tlie country wa> the mo (
(Kiwerful. and best caleulateil lit subserve his am
liirinus view'Si yon. |terhaps. httve imt n|-n rituurl
nut. that a few'eapiialisis in ihe ciiies, are para
mount to the wli.^ie perqile.
ibev
hall, iltcrefo-#. give toy must beam asseut to tbe motion
for striking out tbe first section of tbe bill.
From tie New York Sun. March St.
ARRIVAL OF THE STEAMSHIP
CALEDONIA.
Twenly-tlieec tlnyn I.nlor fiom feuropr.
Tbe steamship Calrdcui*. Captain Lott, arrived at Ca
nard Wharf, East Boston, Friday morning, Murcb S3, at
10} o’clock.
Hie baa a full compl-tcm-xt of passengers—and bring*
News fnaii Liverpool in March 3, and from L* n bin t-> the
4th. Bite lias itad a very lengthy passage. We give below
the news of importance.
Colton bad declined.
Tiie Repeal trials, contrary to general expectation, re
sulted in a verdict nf “Guilty" against all except tbe Rev.
Mr. Tiernev. Tbe verdict created itnmeuse excitement
throughout Ireland
In reference O'Connell the Brlfatl Northern Whig pub
lishes the following paragraph 1
•‘We learn, on what we consider good authority, that tlie
Duke of Wellington is determined that Mr. O’Connell shall
notbesent to prison, belisving that ti e moral effect of a
convicti-m will be sufficient, and tltut puuultmrnt would be a
useless piece ot severity.”
(in tlie other hand, the Liverpool Mercury of the 16th
ult.. says: “It ia fo dialily imagined by some,' that tbe tra
verser* wili not be called up for judgment; this opinion is. in
the opinion of well informed persons, tm Hv at variance
with wltai will ocrur. It is to be Imped that the peace of
tbe country will be preserved, which is very doubitul ’
Revolt* ar.fi attempt* at revolution arc the order of the
day in Europe. We have an attempted revolution in Por
tugal—butchering* in Bpain—revolts in, the provinces ol
Turkey—insurrection and revolution in Italy—insurrection
in Syria.
The plague lias appeared in Egypt.
Tbe French have restored the Society Islands to tbe na
tive sovereignty. Vt are glad to bear it.
Mr Everett, the American Mi ister, it iastn'ed.baabeen
fir n niotuii on a visit to tne Rer. Sidney- Smith.
Mr. O'Connell, has, in helm If of himself and bis compan
ions, protested against the verdict.
Tlie rrnt for tbe week was announced as amounting to
£624 I6a K
LIVERPOOL. March 4.
During tbe past fortnight our Cotton market lias been less
animated owing to speculator* having in a gr< nt measure
withdrawn ihnnselvej; still tlie sales reach 31.900 bales of
all sons. 14.100 of which have been taken by speculator*.
Holder* ot' American itave been very firm .in their demands
for the full rate* paying on the day "1 our Inst advices nnd
we bnve,therefore, no change it* notice in our quotations al
though in many instances purchasers have had a slight ad
vance.
in Manchester the home demand lias been cmd nnd price*
• Aniir.ntt.un of Irani.
This suliject is lieo.'liniii)! •*» nssitine n sinotthtr
aspect. As was lo he ‘‘xpecletl. the Abolitionists
Slave arrttyetl themselves .i«;ti’ si it cn masse. Mr.
Webster, stenff hv not belli" '.'oiled on hy Mr. Tv
ler to enter Hip St.ite tlepirinienf* mul to m.ike tin-
others.icr.fice of the Interests nl’ihe country, its tin
settlement of this quest ion, has written n letter, ile-
clnring himsejl; in strong terms, oppo-*“tl in annex-
fltinn. Ue hits thus inmle himself the lOCUsof ll e
Aholitioii feeling on lluii subject.
Massachusetts litre,-itens-—ns of yore—loti-s*o'\
the Guinn, it Texas i« nnm-xril. This is rite old
hobby of liiHt Suite, to threaten the Union, when
evei her whims ;tre not cOosii't.-tl. Tni*is ihe fi th
time she Inis pursued tiini ctn.tse. She threnteiieit
the Union if Jefferson w.-is elected 1 —if Louisian
wsm acquired!—if the euilnirpt wus continued !—
if the lute wiir was not iibantloned!—mul now, il
Texas is mmexed.' But Mnssitchuseits, in this last
ilirent Nt». 5, lias nnce more to take •* tlie sober se
cond thoUffbtt’f ami reflect, like Iter stniesmmi—
** Where mu 1 mgo?” if I quit life Uni* n. Who,
then, is to hour the burden of onerous tariff* to sup-
port her nimiilfiiclures? nifs ts iiuotlter ** brutum
fulmtn," grown stiill more |iotntkss, by frequent
use* .
But the most ttinauftir iispeet nt the matter, is,
thill there ore iudientinns. tltut n 'junction will he
formed between rite Northern Aht>litioni*ts and the
Southern Whigs, on this subject: T'lte org.in of
the Whigs at Washington, the National Intelligen
cer. never very mu eh inclined Inward the Sou'll,
Itns declared itseir.’igmnsf Annexation, find, ns was
to hove been expected, the Whig papers, of •* mi
nor grade,” in thissectioh Itf the country, hesifi to
tuke tlie cue. Some of them ore open ogoinst nn
nextilion, others ore rntiiii tisly jut lion out tlieir
feelers, mul it is easy to see their inclination.
And it is infhcr n suspicious circumstance also,
that, since Mr* Clny's visit, many of his friends
who. previous to dial epoch, mninlnined a studied
silence and evasion nn this subject, are now open
against annexation, ft is now lo be blended with
politics, and made a party question of. It is lo be
a bait to that worthy class oj citizens, yclept Aboli
tionists, at the North, to lure them to the support of |
•• the mill-boy of the Slashes."
In tinier to shew the madness of Southern meiT,
to oppose annexation, we give an extract from an I
who'
i no the price, anti mnkesan article cost the amount
if the duty more ?
Tlti* Case is so simjd'ficd, lh.it any one may ex
iimneand sec ifntirrei soiling is correct, and if out
coiiclii-*i' n* are the pnqter ones. If we are right,
then go a step farther with u*. Mr. ClaJ is a matt*
til'itc-tiiici o Bugging, ami, if we hitv<* beericorrect
Iv informed, skipped a lot ofllis Bagging to Sav.io-
mill. 1 he.(mst reason. Now. aup|nise u Houston
planter, who raises 50 hags of Cottufi. lias pnrehtis-
-,l a jHirtiim of Mr. Clay's B.i<.gitig; in each hag
here are 5 yards of Bagging, each yard of whirl,
costs him 5 cents more, tin ticf-Ount of the t;irifl'i!n
tv. into whose piiehets Inis it gofte? The Honorn-
Ide Hk'itry Clay's, til roi’irse;
Lei us ejC.imine, mul .-ee what he has paid Mi.
day. over smVl ttluive the aetu.il value of it. and
more than he would have itztif 10 pnv, if fureigners
tt.-t,i heen siilll-red 10 hring tlieir Bugging into the
cotta]rv, without (Miying rite dmv of 5 rents.
Let us see—50 hag* of Cotton, at 5 yards to’ ihe
hag, make 250 varrfs of B iggin-;. Well: multiply
that .by 5 cents, anil it mikes .$12.50. That is the
mm III III the [lonston planter Ins paid Mr. Clay,
itr Ihe honor of using Ashland Cotton Bagging.—
Well, what of-it f Nothing at all—if the Houston
planter happens to he a good Whig, he is willing
to pay that miirh to Mr. Clay, if it was only lotlc-
fray his I ravelling expenses.
itrduetlou of the TniilT.
We have lieen furnished by the Hon. Howell
Cohh, with the Report of the Committee of Ways
nnd Means. We have givpn the document m» Uf-
tentive perusal, and the tables ncrompaiiying it, a
ctirefui examination. It is an able pmtluciion. and
evinces great reseirelr, as well as a disposition, on
the part of the Committee, to look to the interests of
the prop e of every section anil pursuit, and to the
wants of tlie Government. The Committee ap
pear in this paper, as statesmen who have the good
of their country at heart, mid not as purtizans.
The hill is a complete revision nnd modification
of the Whig Tariff of 1842. It lias changed the
features ol'that *• hill of abominations,'' in the fol-
low-ng essential points:
1st. Tlie duties ate altered from specific tn ad
valorem.
2d. 'flic miserable, swindling system of tlceep
live min 1 mums, devised to conceal the enormities of j
the Tarifl’Act of 1845, are abolished.
3tl. The duties on the 1st of September next, f
are to he reduced to 30 per cent, ail valorem; and .
on the 1st of September. 1845. are to undergo a lin-
tlter reduction of 5 per cent;, reducing
per cent
which eannrt sustain itselfjigninst foreit n
r0fn Pfri.
lion, under n protection of from iw-entv-fivp| 0 |)i
dollars, upon every one limit)red dollars in va'- ' V
its production, mit«l be very sirkly almn*, ™
sirltlv to authorize higher taxation ujion an i.-ril,”
rriotis people to sustain il.”
Below we furnish a tabular synopsis
ties under the Tnrilf of 1842. which will be -
trrj
are tbe
in the first column; in the second column
duties proposed hy the Committee of Way»»^
Means; mul in the (bird column, the percrri 1 ^
■o not the
"“Pon
of reduction proposed. All those who hnvi
opportunity, or disposition, to read rhe Jong
anti tables of the Committee, can here
glance, the reductions proposed :
see. at,
organ nt'the Government. VVIipti. i-lglitbsa tnattlbs .since, it
was supjiost*d that Mexh-n w»»uli! overrun Texas.that.paper
came nut and announced that Texas had i-eafiedto exts;;t* a ( mJ! ]
nation, that tile catn-e of hunianit> had tribiiq'lied. ntifl nist | Tariff of 1842, anti desiring lo he lindercwi
neem slavery, in a must interesting pah of the world, had j__.. ,,
been crushed.”
If the above extract does not fully shadow fnrtli
the intentions of England, with reg.lhi to -Texas, we
furnish another from the smite sotirce. displaying
the ingenuity of Iter devices against our institutions.
Let Southern men rent! anti reflect:
• But admitting that tlie negoeiationa now pending may
take a different turn, and that our indepe" deuce shall be ac
knowledged by Mexico, still tbe South is far front being se
cure. Even if the British Government apparently retire*
from this question, it will only be for the purpose ol effecting
the abolition of slavery jn another form. Tlie professional
gentlemen nf Texas, of whom Lord Brougham speak.*, has
gone on for die avowed purpose ol influencing tbe Abolition
society in London Intake measure* to throw into tbe country
n large white,|>«pulniinn, which, in a >hnrt lime, will change
tlie Constitution and abolish slavery at tin* balb-t box. And
thia course la our if the most frutiUe that ha* yet pre
sented it*rlf. Tlie voting imputation of Texas is not fifteen
thousand. aud tlie Air lition tocietv lit s nothing to do but to
give direction to that immense emigration continually going
on from tbeir own country, and in a single year tbe end
could be accomplished. When you reflect on tlie vast sum*
donated to that S'iciely. and of the va t sums annually ex
pende I iri carrying ottt tbeir primrples, you will readily
perceive, not only bow easy if is to carry out tlieir p'an. but
also how certa'n it will lie done. You trust yourselves be
fully persuaded that no amount of money or of exertion will
be spared by the society or by the Government in effecting
tbe abolition of slavery here. The. fiat bas gone fiirih;lheir
engines nre all at work; and again I say it is for you to staud
for lit. or you will be die victims."
A Yard of Cotton Dogging.
Tt is very fashionable among- the Whigs, til as
sert tlmt tlie effect of a high TarilT, is to cheapen
"'axis; and to tleriy that the duty on an article, en
ters into the price of that article. This mode ot
reasoning, is an insult lo the reason and common
sense of an intelligent people. Take for instance,
a yarti clfCiMion Bagoiog, am! test its trtt!l, iJf false-
horiiT. Tlibduty on Bagging, under the Tariff Act
of J842, is a specific duty of 4 cents the square yurt!:
the narrowest Bagging we use is 40 incites wide,
cons'-qneotly, the width is 6 inclips over a square
van), ami that six incite* being stibjfHed also to the
ilniy. pays 1 cent, which, being added to the 4 cis..
makes the funning yard of Bagging pnv 5 cent*
per yarti. *
Now, suppbse no importer pays in Dundee, 10
cents liti a yard til’ Bagging arid, on his arrival at
New York, is r-quired to pay a tarifftloiy of5cents
on that vartl of Bagging, is it reasonable to sup|«tse
that he will sell it fin the 10 cents he gave, with
hi* profit nridejl on onlv. mill thereby Ibse 5 cent
for his pains ? Or is it not more redshn.ible to sup-
l>n*r, that lie wi|l ndtl ihe S cent* duty to the 10
cents ensi, making 15 cents; then the price ol
freight, and afterwards calculate his profit mi the
Is It not clenr. then, tlmt tlie duly enters
Auvalorem Dctim according to the PRKsrxr
the Proposed Tarij-e.
Duties under sid hy th, oj/) j
the pre't lor- trpor'd hy thr ,
ijrUwrtdn'd committee cf/’-o. ‘
lo advn/orem Way, 7"*
39
Articles.
Wool.
Coarse, co»ti g 7 cts per
lb and under, S per c't
A I 1 other manufactured 30 *
Manufactures of. except
carpetings 40 *’
Carpets and Carpeting.
Wilton, 28 “
Saxony. 34 ••
Treble ingrain, 87 “
Brussels. 42 •<
Venetian. 43 ••
t'o'ton—Minimum*.
Unmanttfaciured.
Manufactures of, not
aiteeified. 30
Not lived, nor exceeding
20 cts p*r,qun.eyard.
shall he valued at SO
rein*. 49
Ifdved. not exceeding :t0
cts pr square yd. snail
be valued at.30i-ts, 43
ff.ivcl, urn cxcrediiig 35
rts pr square yd 'ahull.
be valued at 35 ct» 39
Tu-isf yarn. & thread 3&
Unrolored. les* than 60
el* per lb. shall be val-
ued at 60 ctstier lb. 70
Colored, less titan 7”- i ts
r lb. shall be valued
Means.
IS perc
30 -
30
30
30
30
30
ortm reiti
'l —
3 CIS rer a,
10 per ce&t
Free. 59
30
Jib'hed, S{
Ab*Ijed, 45
ni 75 cts per lb. 50
•«
..
34
All others. 30
Ilrir p.
25 percent 5
*
Unmnnulzctured, 31
*'
30
•4
1
•
Manilla. 33
•*
30
3
to
lined for corkage 37
•«
30
7
M
<'«Mli! ? M,oriow r.f hemp 27
25
*•
2
to
TsirrctJ -tb’f" co*go 71
30
4!
L’nu»ri*ed c mlage, 1^8
••
30
M
158
to
Yarn. 199
Yarn, twiue an.l pack
**
30
-
169
thread. 34
“
30
M
4
«
SfritiM. 16
44
«•
••
(%'tton bni!ging, 53
• 4
30
••
55
Gouoy 49
Iron.
In bar* or bolts.not man-
ufa* tar«Nl in whole, nr
sb
19
in part. 1 y ro lin^. 32
In naia or b«».ts. wholly,
or :u fm’ri inanufactur
4
eti by rolling, 77
»
«
16
»
K trmml iron, 57
••
-4
46
r
•Pi«» iron. 72
VfMiriii of iron, cast, not
"
—
16
*pro»Hed. 45
Casting* of iron nototh-
30
**
15
*
erwi e 49
G azed ami tin hollow
30
19
44
WHir castings, 30
••
30
•*
—
^atl irons. 55
30
**
25
*
ifaltcnT it ta*r6* irons, 55
“
30
-
25
*
ir>m bans. 41
lr«»n anil •‘trcl wire, not
30
“
11
r*« rrdiifff N«. 14. 62
Over 14 nnd m>t exceed •
"
30
**
32
*
u.e N.». 23, 27
•*
30
«(
•»
Over 25, 34
L{<.u:xl or rqnate iron,
nr brazier** roda, of
3 16 to H»16of an inch
30
(
in «li *ineifr. 85
30
«•
55
*
Nail or apike roda. 56
Nail pUvtft. »!ii. rob
*•
30
**
26
ie.l or banmicred, 36
30
26
Iron in sheets. 47
•*
30
17
*
H«k.|» iron. 137
S!it. r»»1’e<l or banimer-
30
**
107
ed tot band iron, 51
Scroll iron or casement
*•
30
<4
21
‘
rod*. 51
«•
30
M
21
Iron .cables’of chain*. 80
•4
30
-
50
*
•• pari* thereof $0
Ollier chaiViis of iron not
**
30
50
m
specified. 30
•*
-
0
Anchors, or pris thereof 44
-
30
•
14
0
Anvils. 43
H’arksmiib's hammers
30
**
13
and s'edgee. 41
•«
30
11
0
1 r*n spikes, cut or wro’t 82
•*
30
•*
52
**
(’nt i**oi» nails. 43
«•
30
••
13
0
VVn'Upht iron nails. 44
«•
30
*
14
"
Axleir’s «»r pris thereof 76
Chains. «*ther than chain
30
*
18
cables, 93
••
30
63
0
Mal’ble iron in castings 23
Steam, gas, or water
"
—
—
tubes. 72
**
30
*•
42
Mltlsaws. 26
••
—
—
*
Cross cut saws, 26
—
•'
—
Pit saws. 26
•«
—
—
Tacks, not exceeding 16
ot to the thousand. 45
Exceeding 16 oz. io the
ihou^snd. 32
Tngger r s iron, 5
leather.
Tanned *o!e or bend. 53
AU upper leather, not
otherwise specified. 20
Calf skins, tanned and
dressed, 37
Sheep >kin6, tanned and
drejsed. 33
Skivers, 32
G”at skins, tanned and
dressed, 43
Morocro, *' *' 23
Kid skins, ** '* 29
Morocco, 11 *' 29
them to 25 Gont or sheep skins, tnn-
i ned ami not dressed. 33
j On all kid 5c lamb skins
tanned A; not dreset!. 36
Chameis skins,
have bren svell niaimained hut the business 'lone bss t»nly
Hank chartered b\ a Coi press j been moderate, more especially for export eiiher to China ;
its foebje li e -ht in tiie firmamtfDl if Hr.iven I
Sufpose Um Ooos-.tn i-'rt ba i lieen silent a* man indivj.1
nal department nf this G ivernmeof. could you tinder die
power to lay and collect tixe*. <*«t tbli-b a JudlWary ? I
preiume not; hut if y.m could derive the power by mere
jinplieaiion. could you ve-tit w .tit anv other culltority t!'*n
to enforce tbe rollection oftbe revenue ? A limit i* made
forth# ot'.emible purpose of aiding in the colleetinii ol tl e
revenue and whilst it i* env-e-d in tbi-. th- m-.t inferior
and suhrdinate of all it* fu-iciinn*. it i, m >de to diffne n*elt
tl.ruugUojt aocietv. and to influenee .11 il, r cr-at^iperincns
r.f credit, cirrutstion and commerce. 1. ke tl.e \ irgtnia
Jo.tme. voo tell the mao. wlmse turkey bad been smlen
that your books nfptecedents furnish no form f.
but ihrt ,09 will g.cat him a prece; • to resre.-.
I who bad a* ntueb tiaht m judge of their Constitutions) p<;w ()r India
fig) they revoked the law whirh
i institution would, in ail probal-i'itv.
iis.ii t buxine** notw Hi*i*ndi> g. The
been appealed tn, and. from the opin-
i of the Judi-esiben composing it. tl ey
the
I i r nil ieir *aece«sot
1 cavt* it rxifitmee. tin
; have «-o:itiuucd t»i im
Judidsry would hsv*
ionsa'id predi erii«*n' >
«v4»oW h«r# prWHiO**H »he n« tof inrorpor/uion. a
nniure?«fn ronirart be>ondihe rentalinp j»4»w er of »n\ sue
cccdinp Ifculil n /F, And. sir, what a m rnc of roiifuM'«r
would such a nf thine* have presented—sn »ri of Con
cre*<. which wm law in ihe staiuie bonk, snd a tiullit
Tc-dav the sales of Cotton are 3000 b ilea.
tlie jnrlicial rrr* rds ! Wi
n *iojen«* I natural dU»oluti‘>n
hi* cn*e. | lljat event.
cons'.derstinns
the wi*e»t to wail »he *
•oration, rather tl an tereVraie
Firr
] On Fridar ??’. ht lest, our citizens were alaimed by the'
I erv of ii e *• immedintelv asrerUltfted ?n be tlie reM.
: tlenre » f J’’. * A CIrmou. Esq . whit li ca* cht from a s|»isrk
; from ihe ehimney/iilipijlinp outhe r» of. The night being
I very wi» dy, nnd llie flnmes linvinc inmle considerable pro*
! pres® hefo: e ih** alartn wan piren. it was impossible i»> arrest
| them, nnd fhe btiddrnjf
We understand but little-vns save«l—furnilure, clothing.
ac| almost every thin? iu the house wns lr>*t—it being
•*rdiiii* n oft*ie c •rpnratio?., rather U an «cre ernie m - An unitif rvr.t uim? ui in* ....urw
bv a repealing law iuvcdvinr so many delicate wiih creat difficulty that life family were saved.—Colum-
lions? ‘ "
4tlt. Alt nbnhilonmpnf of tfie svslpni of “liome
able ilocument, showing tlie policy ol Great Bri- J nn( ( i n j| S |i eu> ; 0 the value or price of i Sugar.
tain, on this subject, ami now viitualk our own in- i ,| ie ar( f c [ e imported, “tlie cost and charges which Brown, raw
! sltali Imve heen incurred to, and ai tlie place of ex
portation,’’ shall only he added.
From tlie above, it will be seen that the Commit
tee have applied joe pruning knife, with no sparing
hand, to the branelies of the \V ig Tariff of ’42—
that monument of the infamous recklessness of the
27th Congress,
We find in tlie Report of the Committee, the
following definitions of tlie much-used, hut vaguely
understood term* of ‘■'Protection" & *■Free Trade,"
which mnv he interesting :
Of •• Protection." the Committee say—“The
understanding of this Committee, therefore, is, that
terests are connected wi Ii it;
“It is the question now that more titan anv other engages
the attention,>f tbe British people. They stand cotummeri
16 carry out the dnrtriat of ugiversaff ematicip.itiou, and it is
distinctly stated by Lord Brougli.no. lost, it slavery can be
abolished in Texas.slavery in your (tones must nlsn '-ease
to exi*t That every energy of tli.it Gtiventuent wi 1 be
brought tn bear on inis qtiestino, I have no doits; that they
ore now engaged in lilting tlieir nmchitn-ry. nnd putting tn.
getlter tbeir cnniphcatet' work, no one here ibtul ts; an-l that
they are on tbe eve of giving, as they soppes*. n fin : alit g
stroke te thi* qnMtmn. is c ear beyond all Uoi.bt; and wile.-*
the Unite t 'tale'interpose*, bef-re six moi-ln* tlie project
will be efiVrted. nrso farcnnsuir.matetL that nothing bot the
arms of your Government will wrest the prei from Iter
bauds. If thi* result takes pla.-e then you n-ust prepare
for a servile war. Texas will he die instrument in tile
bind* of Great Britain, to drive yon from your home*, and
wrest from you vonr properly; and if yon sleep up >n tlti.
question, before twelve months shall roll round, von may
awake to witness and to (eel the harrowing truth of what I
60
Sirup of sugar, let
Brown .-taxed 71
. Cla.ed or 'clarified 67
' Refined, 101
Sugar randv, 69
Mn'asses, 51
Comfits- 25
Spirits.
Brandy. 180
O'her distilled from
, grain. 1st Sc 2d p-oof, 132
3d proof, t
4th proof. l-(2
5th proof. 132
Ah-vr 5th proof. 132
Distilled trom other mn-
terials 1st Sl 2d pf. 261
■ ii ;
• 3 ■*
4 “
4 ’’
3 mill* pet lb -
Vide below, —
1st proof, 42 ■ '
2d proof 45. 40 * 36 ..
48 ctspergsi! ^ *
52 •• 44
. 27
3*1 proof,
4fh p'oof.
5th proof.
while every duty is necessarily protective to its ex- | Above 5th proof.
261
261
261
261