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__ POETRY. ___! / < M * >,Ri^ls. f :p.£ -s. - ...„., , M f )M !>r|it , THu DYING GIRL’S LAMENT. EV MRS. C. CORF.« Why dues tnv mother Meal nwny, i o hide lu i Her in tubli'ig touch beintxß uncheck n Th ' F.cret ol her fear.-*; Mr father ease*on my face \Vith x earning:, earnest eye;—* Ami vet, there’a none among them a»l, TuWtl n o I ixuial die I 1 51 y little enters pres* arnnr.d | Sly alcepUsa vouch, and bring I With eager hands their garden gift. The tuM awcet buds id Spring ’. i I wi«h they’d lay me where those (lowers Might hire them to tnv bed. When other Spring* ami Sun* more blnom And 1 r*u) with Ui« dead. The sunshine quiver?? on nit abeck* Glittering, and gay. ami fair. As if it knew mv hand 100 wenk To shade me From it* glare ’. How soon ’twill f.ill nuhaeded on This death dew’d glas*y eydl V» hy do th ry fear to teii me *o t I know tU»I I must die! The Summer winds breathe softly through My lune, .Mill,dtenry room, A lonelier and a stiller uiia , Await* mo in the tomb! Ih.t no soft breeze wili whisper there, No moth; r hold my head 1 It i* a fearful thing t • b A dweller with the doa.R Eve after eve, th s * n prolongs His hour • I pups light. Ami scc.us to n.a-o my iarewidl hours I’ooi-ii , to ».pMva.u'y brigili' 1 know t.i » lore.me*» ol earth, I lute ihswemug sky, And yet i siiuuld not iminnur, 1 iuy to dme i tuU3t dio. My p’ay m’.te< turn a-ink ih'ir beadt \t ocu pHitmg with me now. The nurse that tended me a babe, N »w aovtiicsmy aching brow. Ah . why are those sweet crad.e-hours Ol joy and loud lUg th d ‘ N t e’en m. | aieot's now Loa.d »v'?, me irom thed-'r.d! Our Pa'tor beside* m? o.t, .A.m t o .s to m? ol Heaven; F.ui v. Hli a h it r \ i ion ail, My so i m the. ms n • U driven: I’. “9 vi a b?c oainc ham! that i ail’d My la i mu «t.' | .s on High ; I’»e heard a vmm I i it. u .i.ojct-tongneJ, i nJ ui ;>*c ate to th- ! Tile f ill >wiifß <i|fiue»e p .get were Conn I in the escriti i e of a K*-nll V.t-tl klmwu l.i ihe la iimiialilv wo ill some Hurt, juars iijjn. In he latter pt ituil <>. tbs life, ill health int.U a pmitul ali'ei it tl .it the net'e-, ileli.irretl him I'ailit in ririy; hul II Wae.mce ll» I'l Iglllrst I I liitm. ill. Ile appeals Io II ii rn i Hl* ii ■ hem t n 111. <>« u ainusem m;it is (.j |> u S f t n whether the V KI I ..mu-e mil <mc else. riiILI.IS LLYTON'. lam alone: but what of it ?—the benefits of a sin gle life far tut pass the n.iaries of lonelitiess. Trie, we bachelors h ive none to t are for us, no one to at tend to our little coaiioits; and that our near rela tions wish us conifortablv dead and buried, when we have once signed a tistan.ent in their favor. But then nedriu.i claret—keep our horse—preserve our figure—and route home a> l ite as we please without being rated by tniy woman on earth. Ah these are great blessings. Still w team for a helpmate, and sigh that woman is so ditTereni from the angeiick essence she is painted in romances, and that she hassoLttle in common with toe immaculate heroines of blank verse. As it is, 1 never find ant woman completely to my fanev. I might have known 1 should die in single blessedness frwnuhat passed with Phillis Leyton, and even she I cared very tittle about. • it is true, I am guieved *Wfer death, but such feel ings are natural — spicially when the intelligence is r.nex)<ec<ed. For I have only just learned from a country newspaper, that Miss Phillis Leyton died at the Parsonage, Mary Church, Soutn Devon, in the filty-sixtb year of her age, esteemed and regretted bv all who knew Iter. It is thirty-seven long years ago since I first saw Phillis. Al that time ol life, and indeed ever since, I cherished an image of female perfection quite ideal in my mind. She did not come up to it. Tall, slen der, fair, and stately, of lofty manners, of the most refined ton, was to be the lady of my choice, and the most exquisite beauty and inbred elegance were im peratively required. Phillis Leyton could boast nei ther blue eyes nor an aquiline nose; her figure, though tall, had little dignity, and her manners, I am afraid, very much resembled no manners at all. But large, soft, black eyes, a nose exquisitely Grecian, lips like cherries, and a blush that comes and goes three or four limes in a minute, joined to a most frank expres sion of countenance and natural good-breeding, are very bewitching things to the heart of a youngster of twenty-three, and I felt from the first I liked her. Having been once jilted by a Mary, and soon after ward dreadfully ill-used by a Sarah, I vowed never to endure any name under three syllables; for wo men, cieatiires ol circumstance, ate influenced mate rially by their names. Mo-t Isabellas are found haughty, the Agm sses pensive, and some of them are by tar 100 serious. Janes ami Margarets are com monly commonplace, ami as for Aims, Lucies, Fan nie.., ami j\< .eii , w hat ends can keep up their dignity, when the;, g odlatlici ■. and godmothers have been so much agam,t it? tV hen you aie jilted by any Anu Smilh, blame nobody but yoursetl for your want of disceintm nt. Quaml names I abhorred—Dorcas, Rachel, Brid get, the whole tube of them. Yet Phillis, whe.i b<- stowedo.t a beautiful romping young creature of nine teen, sounded <l> in. i igly pithy; it even heightened her beauty, to see her called by tint name. You ex pect to see some < nn above the common grade when you hear |icopie say, ‘’Miss Phillis Leyton.” My ei .c t u itiglil. r, I inwardly informed myself, shall oe a Ph Hi', ami my second a Bridget, provide., tm ybea- | h tty as Pnidis Leyton is. It j, hut cus tomary to name the ilmighti r alter the nmther, I ran on. fill.ri ly lha lju npe I already to matrimony, bu> that wa> alw iy.» my w ay of d ung tilings. To remember th • evening 1 hid passed, the moo cx'idaraiinu in my file, does away with years of dim ness. I taikc I to Pnillis, for I could not help ii. though no cite w is more uncongenial to my temper In the begiim ng I shrank f om her fn e m mners, and fdt vexed and angry Co see such a pretty creature vi olate so many of the canons of decorum; hut, by hea ve ~ slec nqm ied and game I a complete victory o er i. yf. ii dottsticss at la t. I laugh to recall what .uiswers thv mad« tu my ob.en aliens. Think-' ing to suit my conversation to the capacity of my part-, n?r, I alluded to the theatre. She conjured me to tell her what it was like, for she was burning w ith desire to ' go. The opera—a friend had promised to take her ■ there for the first time next week. .Mozart—she play- . cd his symphonies, but she preferred the airs from “ Love in a Village,” w hich she had at home in the I country. Almack’s and Saint James’s, Phillis had ■ little, very little conception of, but her head ran on | country dances and country halls, Iler favorite read- I ing was the Vicar of Wakefield,” but she knew some little, I found, of “ Pamela,” having once borrowed an odd volume. In fine she was a country fied crea ture, and took no pains to conceal it. I left my sin gular, nml to me unnatural partner, and inquired, I knew not w herefore, who and what she was. It was no romantic tale. Iler father was a coun try clergyman, and had, of course, brought tip bis daughter a hoyden. Yet at this time of life I can im agine there is a natural good breeding totally distinct from fashion, but superior to it. Phillis Leyton is the i reason why I think so; she behaved the same in com pany as in private—open, lively, even boisterous— yet there was no vulgarity in all her freedom. Worse grew worse, for after supper I detected my self playing forfeits in a quiet corner of the room, and even struggling with the girl for my own handker chief, w hich she protested she must keep for the sake of the owner. This w as, no doubt, a challenge to snatch some kisses ; but, thank chance more than res olution, I did not betray my self into such a llagrant outrage of good manners, and Phillis bade me good night rather sullenly on that account. Half the night I continued awake, and my thoughts ran upon her. I suspect she had found me a ready auditor, and lelt at home with inc, for I listened w idi great eagerness, even ecstacy, to every word she ut tered. Phillis had given me a description of the life she led in the country, and had run over all her amuse ments and occupations. Walks in the green lanes, gathering hazels in autumn, picking bilberries, jour neys on horseback to the nearest market town, vi.-it insj the sick, and embroidering covers for chairs and j tables in the long wiiit> r iiiubts, filfid up the sum of, her innocent and happy cxi-tence. She read orril-i der p ■< ts, and had a k*‘> n relish for nature, li t' n- d to ! the -kylarks and blackbirds in summer, watered her lluwer- daily, and watched over them l.kr a pareni—j p<e cru-i', above ail tilings, a solitniy walk in a < atk : w ood*itid w ' < lied a thum ei-s;oi m wuh enthusiasm. She ladled like Shaks, e -re, and made ihe • <>u tt y a i tore I i Acdtn. Iwis l mi-pored, and certM dx d d ei some Lings fa.l which might h >\c limit d imw I adn ii - <1 he r. M nmiigca e, and with the m >n sundry reflet - ions, ot of phdosupiiy, bat of P.iii t- Lyt >n. “I i •' di S' e le r a_ai. ,’ 1 ■•jacuia ed, but 1 net t r did s e j Ik r again. , Mmy may rrma'k how unnatural to b- pining thii t -se>t it ye-us ol your hie alter .■ gir , st- tt, la k d witb, bi,t cite evening,-ome lew hour- in di: i mee<', I have r dl d acain I novels maki g their imn ttti al heroes t-ke -imi'ar lim its. Ail 1■ an :ay is. I never s vv Pndiis Leyton but once, ami th ttgu 1 do t.m i xmt‘y love her, I h ive always thought upon hei more tenderly than upon any ot er woman. A very trifling thing tklerrnmes a man’s destinv. I was hindered by good l>rreiling lioin calling upon the lady she was visiting until I had tiegoci :ted an in iroduciion to the family . This took me son e w eeks; j and when I <1 it! call upon them, fully expecting to see Phillis, I found my charmer had reiun.ed home, ami was burit d alive tit Devonshire. 1 was so astounded I fmgotto ask in what part of die county, and rush ed away in a paroxysm. To be baffled is ridiculous. I will run down to Devonshire; but there were then no r.til-ro n|., and a jouri ey into Devonshire took months. Then, 1 could not prevail upon my sell to fly from the town tn ti e height o! the sea-on, lor 1 had been the most rig id ob-erv er of the sea-on- since 1 was a stripling, amt sonic bets were depending on my pum tu ditv. At least I will wri e; ami indeed pe iple often wr te ■ what thev are ashamed to speak. 1 began a let er to i her father with “Rev. Sir,” but, al is! iiad noktmw ' !• dge where to address him. 'I waited to a>lt mv new friends this question, but put it off from dav today. Oner I saw my own fastidious disposition, and die obstacles in my way rendered all thoughts of Phillis Leyton hopeless; mid in despair I took a resolution to cut my lliro t without delay. But I was to tread the hallowed floor of Carlton-House that very eve ning, and determined, if possible, to live am! enjoy the eclat of appearing in the presence of royalty, after which I could contentedly die. I therefoie dressed, but could not help imagining, as I looked in the mir ror, the expressions of my features very languid. But melancholy , I sutmise, became my east of counte nance; fora baroness in her own tight, young, ele gant, and unmarried, received my assiduities with such condescension, that I a-pired to a coronet, and, for the time, half forgot poor Phillis. However, conscience reproached me, for I dream ed oi lier that night, but not entirely. Methought the baroness told me her name was Phillis, and then shif ted fora time into the features of Phillis Leyton, who »ai 1 her real name was the Baroness de C . All day mv thoughts ran upon black eyes and pouting lips; but I decided black eyes looked best half veiled, and lips pleased most in an aristocrat!. k curl. No bility hath a charm independent of beauty, and to a mao of refinement, superior to it The baroness steps like a Juno: her very condescension is stately. Why should 1 linger? I made a sacrifice all real gen tlemen must make when put Io the test, and gave up mgeiiu usness lor artificial polish; and since con -c ern e was still unquiet, and to convince invself I de spised Phillis Leyton, I penned a sonnet on the b.it- ■ tiiess, and emdo-ed it to the leading magazine, h was print 'd, but much to my cost, fi.r the poetry made some noise, and the baroness thanked me in public so w .rnily. that a colon. I in the guards, who it after ward- was discovered had been secretly married to her upwai dof time months, sent me a < iiall nge, and 1 liked tin notoiiety of a duel; but h< ran me tiiiough tin* body at the first lunge. 'l’n s affair brought till »yes upon me, and mv pltv i‘ t in, I confess not against mv own im Tmatioi., l<n ced in to go abroid. I imide th*' grind t nr. ami led i • love as qften as Pind s Leyton was I'.igint* n; •nt I I ve t simp i' ity for her sake, and Ii ga • tn • •ii. tatoi ll .y I shall . ame Fa my. This is ■■■ p .iu 'ui sn j .tto in , a .ii I must hurry over it. T..« i. i ui all i tan not ariles'ii* s« as well a. of ail. Mv toy e*i II (I nind. and. what wa» WWi!t", less oriu ’’•pl*'. On u y I rsit'iliim to stlean <■ tale * u her, I she was <l< t ru.i ed tn cel, sli - |irlt'mhly I n.ke < fl’im •■oiirtsiiip, noil u!>t hoping to sei me concede ever •oint to renew it: but I was ili-gn-ti <|, >.nd woulil no! torjivc her. I went tiiiough several oilier I'lnonrs ■ill ol tf.e same kind, With fetmib s methought it was an hono form" t • ask in tn Triit"i ; but I discovered the middle classes mans as much f. r money as our own. Agni i I resumed to higher life, det' rn:iu< d to seek i a w i:e in my own iphere, n >t ri> li or b<autifid, only frank and honest; I nt I was now past fluty, and id health made me some y« ars older. The fair ones, perhaps, might have overlooked these deduct ions, but my fortune was likewise re; tn < d to a mere com petency, and the mothers almost but told me not to persecute their da lighters. 1 began to hate the world, and I brooded in soli tude, which brought n e little consolation, I.discov ered my h-at t had been vitiat'd by false education, and the fine sentiment wherein I had taken such pride was the fruitful somse of most of my disappointments. In my notions of' matrimony [ had cried altogether, except once. Phillis Leyton was the only girl 1 had ever thought 01, who could have made me happy, li she be alive, I ruminated, she can now no longer be a child, and the high-spirited romp will have tam'd down into a kind cheerful woman. But she may be married. I felt jealousy; and if yon ever fi-dt jealous, you may be sure love is not absent. I determined to sick her out, and if she were single, to marry her. 1 I had known her, as I told you before, but a few hours, but she had been for years familiar to my imagina tion. It never occured to in", so blind is love, that Phillis had seen me—had spoken with me—scarce one eve ning in till. No doubt she had done the same with hundreds—the next day—the next week—that I was a stranger —that I had been forgotten the next morn ing, or that very evening. All this never occurred to me, for I my self had never really forgotten Phillis Leyton for thirty years; but men brood over things more than vv omen. I set < tit then on this Quixotic search, determined to find Iter—in Devonshire ; but I knew m>t in what part, for our mutual friends had long left England, and weir residing in Florence. It was May, but I cared not then for the fashionable .season, and even trusted myself on the top of a coach. I began at Exe ter, and went inquiring through the country for Dr. Leyton, I tit w in out success. bi k at heart, I gave up the quest in despair, and itutted my steps toward Torbay, where I meant to recover my disappointment in the midst of the beauti ful scenery, and then return home. It was at Marx Chun It, three miles higher up the coast, that nieh' . veitowk me, and I put up at the only al> Inn se nidi, and made my usual inquire s, but with little In pe, >•(’ 'he landlady. To my great .surprise she told it <, “Po r Doctor Leyt. n had been l: e'r tec cr for v ar and years,” and then betrau weeping; th t he was dead ; he had da d broken-heat ed a d Miss P lilli — r til-nib r h r, ay , she < oulit n verfnrg't i ir, rn m'tre.oilid II r husband when he was al.v , fit! u e; t i talk about her the vv hde mgl t lo> g ! She vvn- s' pre ty, ••uni ■m'hli a scholar t o; but ea ni •_> never nride her proud to Hi* I s. ; she won! t Ik '<> | o:> I'ksa» it he had be* n one oi thetn-e v« s. II ;>v< i for ive It. r, for sue meant no vv roll :. She ifi'lib ed not l u it was > h rd dung tor a ci ild to br< a h 1 t ithei’s hear ; •• I.tde <l, str, it went nigh to break :i I our hearts t t e time.” My go al landlady made a bmg s ory of it, which cin be told in a very lew words. Pmllis return dto Mary Cfiurch, kind, and ev< n mme beautiful than ever, but tot so contented. She had seen the gav vvoihl, and had been much admired by it t site had imbibed a kc n relish for pleasure, and could talk of nothing but London. She found the country dull, and its amusements iu-ipid ; cared hide to walk in tin fields, and less to talk to her mighbors; but when she did addr ss them her manner was sweeter than ever, bt ing quite as afiable, and somewhat sad and melancholy. She read much, but it was poison. She h ul brought fom London novel-, in three vlunte-, till of high-life and immorality. At last it was olt i served she grew pale and languid, bitt she never brea thed a < omi'laint; and at lunes, when she received Ifetteitf’rom London, which site frequently did, iu>- I known to her father, she regained mure even than the (vivacity usual to her befl’ne she left home. Aft' i | some months, tlu .-e letters lit came more frequent, and ' assumed, to till appearance, a graver tone, for she I would tremble to break tin- se;d, and weep when read | ing them. She now confined Iter-elf c'oselv to the ( house, and pas-t d day s togetln r in her tin s-iti'g-cham ( ber. to the astonishment of’her good lather, who uev jer tire •med that his diughter might have fallen in love during her visit. L love it was, I fear she fixed | her affections tie ther upon an innocent nor a wortfiv olyc t, fill- shf nevi r lutallnd v syllable < fit to liei ’ lath' r, and at last could not even bear to look him in • the face. Ere many months, Phillis confined herself totally to I tier chamber. It was about the fall of the leaf, when a strangi r one eveniit" put up at the “Sun,” and the good landlady says, she saw something very diaboli cal in his countenance. He was travelling in haste, for he came in a t oach ami four, which he ordered away that very night. Jhe youth, for be was si arce ly twenty years of age, was "richly dressed, and had the air of a inan of quality. At twelve o’clock that night the stranger lelt Mary Church, it was surmised, for London; and the next morning. Phillis, who had been heatil the evening before weeping bitterly, was mi-sing. Every inquiry was made, and the whole < itunty searched, hut she could not he found ; and her lather never held up his head afterward. It is believ ed he he-rd what became ol his daughter, but he t'dd it to no one, and soon afterwards died. I his is the substance of what I gathered from the landlady. I ba' Phil is h id rettirtted to Mary Church manv years afterward, I have learned in the manner I have .sttited in the cmtim n« t merit. To know even this is i a great consolation ; for to those who have been trott bl <l, mete tranquil] ty is a blessing, and I know not , a bourne more grateful to the unhappy than their home. N" doubt she m ver could forget her fault. ; but -he had every opportunity—a thing so in inv de | -ire in vain—of repenting it; and although she C"ubl 1 ■ at no place hold up It- r head as she had done, there ■ was no place where she could bury herself in u renter i quiet. It is not * very wan fer r who i- received into ( the lui-oin ot an iuditl ent and forgiving home, ns ; Phillis Lev ton appeals tn have been. A word in comdusi''ii. These f vv pages ae n 1 meres att red reco'dofniy It" lings, but tin re is no-i ’fling in the events diemselves dial can warraiit me in ! infln-ti'lg 1100 I HIV self Ihe u.ih ippines- I .ihi | meiit- i i g. Tint I do fel iinh'ippy my la gn <g. wi'l vouch! or me, if whit Ilelin it dies not. I bega li-h Iv. •n I vv old fain hive rim on in th -ame liiiovantj mood, for it w is my int ntion t . ridicule mvst If om <>f my m I in holy, by snowing Ii >w ii lieu* "tis it |t» k <1 upon paper. Alas! a'a-! every w .rd his grown II ' more s lemn— every pe i d has be. . me g>av< r ni l more o.t rflowing wth aug ish. I hadlatur r ak t»!l a <» ce, for I iiu.l myseif In d li gte n s and I fe I I am mis rable. , I i Ahy (hin't ymij iii tk<> Ti itiper im e Socii-ty "W hy I did ttpplv; but they tvkl me that tb» Society was/uf/.” TliE COT I ON CIRCVLAR. Gf.N. M’uui Flli’s I.I.TVER. To the T.ditor of the South Carolinian ■: Sin : Thu iiiiinciuiis and increasaiit denunciations, to which ihe “Cotton Circular” has been exposed, ever ( since its publication, and the misapprehensions in which those dt niinciations seem to have originated, render it in some soil, my duty, to explain the one object of that paper, so for as 1 t nderstatid it, and to state moi . over, the exact i< lation dial I bear to it. \\ l.ile I* mainitig a lew (lavs in New Yolk, on mv re turn fiom Europe, I met with two of my liieti'ls, vvlio were < otton plantcis ; and the extraordinary nod artificial s Hate of the cotton trade, and its const tpienl exposure to the mercy id adverse i ombinations, on the other side of the water, wit I of t veiv gn at pres-urr in the money markets, either ot Loiidoti or New York, became die subject of fll q retil conv et sal ion bet ween us. W e con cur red fully in certain leading features of a plan, for re storing the trade in that staple, which is the actual curren cy i,f our foreign commerce, to something like the slabdi ty and uniformity vvlnch should belong to an article per forming a function so highly important—a plan which would, at the same time, proniotc the interest of the cotton planters, give to our southern banks that cuiit:ol over the i foreign exchanges, that naturally arid riglrtfully l>el tigs to ! the States, which produce the staple upon which neailv all the foreign hills of the United States are drawn: and bv this means g ve a powerful aid, to die direct trade of importation and exportation, through our southern cities, in which all parties among us take so deep an inte'est. I w ill now, very briefly, state the outlines of the plan, to which I have alluded, so far as ruy views and opinions are involved in it. I propose that the existing banks, in the cotton growing States, should discourit tire tmtes of cotton planters and others, upon the security trf rotton, actually deposited in a neighboring warehouse, evet v paper being put in pos session of the batik, neecssat v to the completeness an I security of its lien. That the notes should be discounted al 90 days, with an understanding, that if the pi'iprietoi of the colton determined not to have if shipper! to Em ope in that time, the note must Ire punctually pair! at its maturity, or tire Bank be authorized to have the colton sold, holding tire sot plus, after paying the note, as a drpusite to the credit of the propt ietor. But if’ die proprietor determined to ship his cotton, which it is presumed would lie the case in most instances, the Batrk shotrld Ire ainliiri ized, at the end of the ninety days, todraw a ninetv dav bill upon Europe 'against the cotton, leaving been at the ti ne oftlie shipim nt, pl.rct d iri posse— -i*m of all the dociiments uecev-ai v to make that autlmr - ty eflrctive, the planter or propi it lor, relainb g the control over the tiu.es ami tenns of selling the cotton, provider! it be sold in time to discharge ti e bid drawn against it at its mamritv. Tins is tin whole sum ai d sid'S'iin' e of die plan so far as I have bad :t. \ age cy m i'. In seeing <1 wtr ninety day* as tin- time the rn'i s rliscr tui't tl, and b !!s drawn in I I ii ve tr rri , I have men ly .rdt'p i d what I sup rose w.r I I be <■ live ll' 111 pel 101 l , -iilrj r i of cotii-e Ur such m d'fi< atii n- a- r x r ■ iem e ni.r v sugg s’. I Ills is a veiv -in pie iilan, entirely uni .cumbered wi Ii new i r * v p-rimer ml m cl.mei v ; and though ii . in- tr ■•toils no lima le-. I wi I ; i-mi 0111 m a I w vv<> ds. ntial I iniisiil* r tin- p am iisu is and obvious bent fl s i: Wmdrl proili'ce, to . ur banks, ami our emtun pl'nu is, ami our metr lia I would place our bank- o > a mire s lid foiimlaiion dian any oilu i baik- in tin Until (I St ite-. bv giving them a con-taut supply of t"ieign txr hang- . For example, 1 -end my cotton to Uiinrleston, at any t onveniliel peiiud-. I apply t n rme of our bank-, to rli.-cmml mv note at 90 days, upon the security of that pmtmnof my co lon ar tu ally in the w iielmu-e, instead <>t’personal security ; Hie Ine k having the cotton iusper toil, its t in i eut Value esli mater! hy competent judges, and disclaiming mv note foi such an amount as w ill render the transaction perfl ctlv sale. At the end of the 90 flays. 1 pay ofi my note, imi in the bills of the bank ilsi If, which it cannot convert in to specie, but in an ui.questionable bill of exchange on London, which 1 authorize if to liras', pay able ninety days after sight, on Baring, Biodiers &. Co., wuh whose house in Liverpool, I have in the meantime, r ausr d niv cotton to he deposited, subject to the lien ol the bank.—Now, every well I'ormei 1 banker knows that a bill if exchange upon London, is to a bank here, precisely tquivaleu! to -o much spt cie in its vatil s. For all practical pm puses, ilieirflire, I pay of]' mv note to the bank in specie. It follows that a hank, that would go largely into this busi ness, would have a t on-tant supply ol’stei ling exchange, of the most unquestionable kind, that would leiidei' it per fectly impregnable. So mm h for tin- immediate benefits th:- plan would confer on our southei n backs. The In nefiis wli'uh the plainer wool I di iive from it would be, in ilk- fir.-t plate, the prompt conversion of a luge propoition of his colton into • aslr, as soon as it reached the market, without selling it, and without asking any cosdv fivot- of his lactm ot any I oily else; for the tiansai lien with tin- bank, li< wtv tt, l.eia fi ial to ihe plan ter, would be cuiilei img a tavoi instead of receiving it. In die m xi plant .the planter would save 6 mouths and a Ii I ' or 7 months, limn the tune he rein ived the advance upon his cotton, to avid liimsedf nf any favorable changes in the m irket, if he should t house to ship it to Emope. A bill drawn on England at 9 'tlays sight, t ould never be presented in less than 15 day s, and often in not less than thirty, alter its sale Imre; so that this mtn h would he added to the two fixed periods of 90 days each, which the note and the bill bad to run. But another advantage would result to the planter, fiont the proposed plan, less direct blit not less import-mt—-*lti advantage, in which every > hiss, on both sides of the wa ter, would l onely partn ipate. 'lh.t advantage i-. it, stront! tendency io prevent the extravagant fluctuations in the price ol cotton, we have lieietofore expertem ed, so ruinous to all concerned by taking tli- cotton trade, to a very great ex.enl out of the hands of mere speculators, who generally, have very little capital, ■••tt I relv al uost entirely on bank credits lor the means of operating. The people have no idea how large a pieportion of our cotton crop accumulates every year, in the hands of speculators on both sides of the Atlantic. I was informed l.v one id the bankers in England, that it was a common meurem'e for a cotton broker, witlt a capital of £20,000 to have on hand cotton to the amount ol £iOO,UOO. The maitei is even worse in this coHtitrv. A speculator, who can bv any means, get a credit tn one of our banks, for §20,000, by repealing the operations of purchasing, slitpuig and drawing rapidly, can soon have tn his pos-ession cotton to the amount of §2 0,000; resting on no ether basis titan the original bank loan of §2 ,000. While trade is seem ingly prosperous, money abundant, and loans easdv ob tained, this accumulation of cotton in die hands of specula j tor. and brokers, undoubtedly tends to enhance the price. ! But the item there occurs a pressure in the motmvmat • kit. and the Banks have to call in their debtsand cuitail ; their discounts, the whole of this accumulated mass of ent , ton IS net i ssardv forced upon the market at once, m quan i tily, three or lour times ex'ee.ling the existing den,and | for it; unavoi lably produce g an extreme and uniiatmal depns-li.ti m the pi ir c. Ilismmb mme the interest of | I’’ • " rs regain,• men hut., that the puce jof cotton slm II be slea-ly aid m.ilm m, -b.i. th..( it should It or asionally v. ry high. Bitm< te cotton speculator '* ‘ '*"• nt • rest m t m f] .ctu ati.ms in the pt t< e J >d c.tt'oti as .. om \ bt.ikeis iiave t., the ueiangemeni .mJ 11 irln.ittoiis ■ t t m V . ' vv ts V. IV mm fl st rpnsed, th. refer. , "hen I s.w that VO tr intelligent .on- S„ f f planter" mi verv Wtd Iv too m.k lite mine . as Io as rtoe to tin “Co,ton ' t r ill, t." a design to ftree a e.irtf d. t.rcv In batiks an toe sp-< nl ( t,, r s !—|| .aven furl id the bands ,d ***'ll a titii hi, Y eir cm re pt i 'ent w mid bav • come mu di tiea>« r the ma k. if lie It id supposed that ah nr mm'-teiith, of the a-Miuli- ma le upon that paper, have pracre ed dir ctly i r indirectly from this litter class ol p ■« ns. N i flanking eperati-ns can be more legitimate than that proposed by the circular. Besides the stability and securi y it will imparl to the bank's, it prescribes a safe, practical limit upon hank circulation. A curient vmn r tan become ledimdant, which is issued upon the ptiin iple proposed, for every dollar of circulation thus issued, w.mld represent the actual annual income of the country. This would not be a mere nominal representation, as is the case when it is said that bank bills represent specie. The cotton is actually thereto the full amount of the bills i.-sm d and advanced upon it, when every body knows that the vaults of all the banks does not amount to one-foiinb of their aggregate circulation. So that, i;<Ji.</, ( very | ap* r dollar represents oily twenty five tents in specie, I-I HII he very naturally tisktd, “if these are your vii w» t.f our svsietn of banking,how is it that you signed a papet pro posing the issue of post notes payable at it m<>i<. peiiodsl” 1 answer, that my name was signed to the Circular, b- a Itiend, sevetal v»et ks alter 1 lilt New Yoik, upon the implied authority, derived fiom a very sin ng and ir>tiinate personal fi iendship, anti fiom my keow n com tn tern e in the general principles and objects developed >n that docu im nt. The issue of post mites, he no doubt considered a matter of tietail, which the convention w- old adopt or reject as its deliberate judeenienl should dictate. lam very sorrv it was suggested in the Circu'ar, as it has given rise to much of the opposition to a tall of a convention, ami is a meastitf to which I should, as at present advised, be decidedly opposed. 1 do not think the proposed post notes could possibly be made to answer the ptiipose of a emrenev, and us a cotton planter, 1 am suie they would not answer my pm pose. As to the sixty million cotton bank, which some lively imagination lias foisted into the Circular, the people of South Carol.na do not require to be iuflirmed, that I ant the verv I ist nun in the State, who would give it the slightest countenance. They cannot hut recolh ct, that in mv la-t annua) rnessag' —as Chief Magistrate nf South Carolina, 1 used the verv strongest language in opposition •<» the chartering of a gigantic bank then projected, u - ging in opposition to it the general ledtindar cy ol the currency,and predicting the commetcial explosion which took place a few months afterwaids, to those who wire utterly deafto the warning. I’liat bank was chartered by an overvvbt lining majority ; those who me now fur a U. S. Bulk, and those who are fur a Sub-Treasury system, seeming to vie with each other, who shmild have stood “-oliiarv and alone,” if tint venerable Judge Coltock, whose loss Carelina lias so u itch cause lo dt plore, ami a flvv others, bad not st "tai fiiinlv by mv -ide. It would be extraordinary imlecd, if under these circiims'an ces, I sliouli. lie in favor ct such it hank > s his been re cently suggested. 1 am one of tho-e who believe, that the issue ot one huildied millions of hank papet, in ad fl ti-nit« the present circulation, so far from adding t.tiu cent to th ■ wealth or capital of the country, would be the gieatest evil that could be inflicted on i. : operating as an insidious iransfl r i f that vast sum tram the pockets of the | t-ople at latge, to the corporation i-sueing the paper. I believ • our tum nev is now redundant, ami that no titrudv can t ver cme its diseased riiiidiii* n. whether it Im the -üb-ti easvii V s* I t tile, i l UM!" mil bank, that (hies n t reduce >ui bat k < iici latmn to It- ' • I'mit-. I•> -Mipn-e. a- imiltiti d* < vainly de, tint it is wuhii» the cmmuiss ol him an p* w< r to r< litve the embait as-i d, by Hiak'ug immev plrtitv, and try the s--nie agency, tt> ref it in th- cm rem v. b V m iking it sc .rce, is to sup pose a miraclu, sut h as divine power ha- never per •flii n ed. L is veiy remote front my intention, therefore, to do auv thing to promote the interest id im te specula tirs in bank'baiters, or in any thing else; my views are of a more homely and prat tical kind, looking to the estoralitm ot om trade, to its ancient i lianm 1... in this vew the ••iicourageii.eiit of out impel ling merchants is a matter of I vital intt rest al this pit st nt n.i mem; and I know ol t>oth ! ing that would place it more completely in the power of our hanks to afford that » nromngt-m* tu, 'ban ihe. phtti ' proposed. Having alway s a supply of sterling ex< liange, I limy would be enabled to meet the wants ol our iiupori . ing merchants; ami having in like maimer a large credit in Europe, tin y would be al all tituex_a.U.. merchants a ciedit there, better for them than bills of exchange. Indeed, our Banks having the control of the foreign ex'hange, would, by that mt a-s, m quite the control of the domestic also, and the* tli liange betwei n the Noitli and the South would be equalized or turned in un. favor. After this brief exposition cd’the proposed plan of re storing the cotton trade to its natural channels I will no ! lice a few of'the objections urgi d against it. A great apprehension is expressed, that this ninvr ment ! on our side, will produce counter-combinations on the i other. Must assuredly, the charges made against if <■ ' "Circular,” and the tone of the articles published in some ; of our own journals, are calculated tu encourage and inv te sm h combinations. They charge upon us hostile and offensive. combinations, when we propose oldV Io assume a defensive, position, Io insist sm li n nd it ;<ii< i s wf.rm..!, and to avoid the necessity of glutting the matki ts in n.enrer.ls of panic or temporary and unnatural depir ssi. n. Tm-v proclaim onr weakness, and exaggi ra'e the pow.i of tin adversary, as much as to say to th. Eiiropt an m.uudai hi rers, now notoriously combined to fotce d w tithe pin e . 1 cotton, in the face of the most deficient ciop evt i -d< , “goon—gentlemen, regulate the pi ice of cotton as vwr please, any effort made to resist you Iv the pom, dis persed planters, wdl be impotent and credi.fi ns.” It ilw re he either nationality, patiiotism, or limit in these state men's and sentiments it escapes mv pert rpli. r. it it were to ci me to a war of combinations, wbi< b <»r.d l,>r | bid, it is utterly mitt ur, that we slim, <1 In p< vi 11 less >n> I stu b a contest. We possess the locks of Sampson. One rmton is absiiluti Iv indi-peusablt* to the manufacturing ' and commercial nations nt Europe, and bv withholding a ' single c rop, w e could spread starv alien ami lelu llimt over all d e nmmifactiirii g portions ol Europe, and cause the Im div capitalists, so miie It rltended, to < ry out tin quar t< rs. A pretty story to proclaim abroad, that the producers of our animal expmt of .§3(),€()( 1,000 of a staple, admitted to Im equal tu so murli bullion—a staple ton, which sus tains nearly mm half of. the emiie < ummert eol E'gl i t’, are too impotent to guard their ow n interests, It w nit sm h resources, our planters bare, been fer hit, In raost ,as your correspondent justly says, rimy are with Iv dispr mtl —it is tlm very reason why they should assemble togetin >, u> devise the means of coiitielliug their own properly, whiclt ev< ■ry burly else lias been ton long in the habit of conn cling, and using for their own purposes. As io combinations abroad, they exist already, anti have recently carrii d their power to the utmost stretch. They have had to give wav, and a re-action is already commenced. The idr a that other cotton cminti ies will rival and supplant ns, is utietlv visionary. I su’d to ut» intel igent merr bant of London, intimately a« quainlr d w itl* the E <sl India trade, “how is 't that England has never linen able to obtain a la.ger supply of cmion from her East India possessions?” He replied, “the diffeteme of freight ahum, to sav nothing of other causes, is stiffi-. cient to account for it.” But the combination of slave labor, with highly intr Hi- . I gent proprietors pres nt, to ui <ct tu. ir operations n ' cmnbinatimi vvhi.l. r xists no where rise in the wot hl, is I ihe g.eat ami s. flicier.t cause of that supermrily in onr j.mi.rn plantin', wliiclr will forever defy all compmitum, mitil farialiri-in shall It ('m e i s to the ronriilimi of Nr. Do ' mil.go and J.rmai.a. 1 will notice but one or two more ul.j ctnms. ()m- «11 < r e\. b.ims "b t trade ah ne to rt gulatt itself,’*' .ml i nmli' risso v. i v iibsriid, as t< c. I.si. rr ■ Ins i florl of the pla it. IS tn place il lir pu p. tty out of the reach of f..rmgu com iinaii. n«, by pievr tiling its accumulation tn t e li imls of spncril itr rs, without r api a', as a gross vin is ion o the plu i| les of free trade ! Verily, these are new lights shed tipmr ihi* vvmhl ! Because, forsooth, the id 'trers r lions.' to select their ow n agen's, 'heir oxx n mun ri , ord th ir <«n time for bringing th ir cotidri to. manvet, a trentendmis hubbub is forthwith tatsed as if thn pillars of the constitution were about to be torn down.— The planters, quiet and dispersed as they are, have bet so long and so habitually sheared, that those wlfg ‘tarn fj©-'