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brushes and passes him as they leave the stand o.i tbe first quarter. He held Ins own around, but Wagner made some desperate brushes e icii time as they passed the stand. Gtuy Lial* sti I leads vV aguer, and Mary IS lar behind. Wagner is running. 4', is a desperate fncnuuter of blood. See s' now Wagner s rider gives him the timber, ami Mi.: rowels ar drinking the blood from Ins go.ircd tiauKs! They come, within the distance stand.—Gtey Eagle is s’ill before. Shout pe.ds on shout. Fatal mistike.- The riderufthe Fugle is curious, He looks behind him; tiis mn tgonisi whips and spurs. Wagner shores out two lect ahead. Time, 7 minutes and 4 4 seconds. Queen Mary third-—jost saving her distance.’ Cotrct-nn'lenre Lex. ( Kj.) Intelligence/ . i. iUisviLi.K, Saturday afternoon. Wagner and tSrey Eagle liaro again met, hnil great as was the contest between tlietn on Monday, it was thrown into tile shade by the race of to-day. Though the latter has once more been vanquished, he has shown himself inferior only to his own more fortu nate competitor. The only other eutry for the purse was the full sister of Singleton.— At the start Wagner led offal an extreme ly moderate pace, >rey K igie and Emily Johnson following some lengths in the rear wliefi within a few yards of the last stretch in tile first roan I, Eagle made a brush at AVagner. and put him to his speed, roo tling locked wdli him, uu'.il the. fns> turn in the third mile, when lie passed Him, ami maintained his position till the termination of the heat. From the time he was beaded, W agner mule a succession of brushes at the Eagle, freq lently locking, but never could pas, him. He finally ceased all efforts at the distance stand, permitted Emily John son to brash his opponent from thence to the Judge’s stand. Time. 7:n. 545. This heat would have been qtti Uer. but for the tardy pace 111 which the first j( of a mile was run. At tlie appointed time the three were a g lin'broiight up to the stand. By so-oe mismanagement Wagner got both the siari and track. He Was permitted to" maintain the lead until within a few hundred yards of the last stretch in the second mile, when jvugle collared him, and in despite ol all: hat whip and spar could da, entered the stretch ahe id. Front *.iiis out, the periiittdifi were called into constant requisition, and the two hotocs ran locked until by a terrific brush iu the last stretch of the third round, Wag ner cleared himself of his adversary by a full length. Eagle fell in o the rear sever al lengths, and it was supposed by all had given up ihe contest. Wncn, However, wearing the last stretclt in the f. urlli mile, he again gathered himself for a struggle— rau up—locked W *gtter on the last turn, and thus ran out file tie.il in 7tn. 4.55., anti losing by about 18 inches. When taking into consideratit n tint difference in tits state of the track and the heat of the weather, tlietiin- of to-day’s race must rank before that 01 Monday. Emily Johnson drew up the third round in this heat, and was there fore a distanced nag. Never before, in the annals ot raciusr, were two horses brought together, whose powers were so equal! matched. The third heat Witgner again led off, Eagle following at a t easy pace While running thus in the third quartet of the second round, and when Eagle was prepar ing fora brush, his sinews gave way, anti almost in ail instant he became UvougLlly let down. Great was the sympathy fell by the multitude for this untoward accident to the noble ani nal. Tito’ Wagner has again been triumphant, yet never lias he before encountered such a emn;>€tiior. Ilis bark er* looked nil sorts of ways after the first heat; and when Eagle came in ahead, the air was mi l • to ring with the shouts of ap plause. Where all the people came from, the Lord only knows, but i ! is computed there wa3 fully as many present as on Mon day—though there are >ut few strangers left at the tavern. These two contests have, I fear, spoiled my tis‘ lor racing; for 1 feel l cannot again look at such 4 mile races as we have heretofore had in Kentucky.— I verily believe that Wagnet is now the best race horse in the Union. Yours, in haste. The same riders rode their respective horses; and although that on Eagle did better than on Monday, yet it was any thing else than the perfection displayed by his ad versary. Waking up the wrong Passenger.—A knight errant a few nights since was cruizing in Old Town in search of adventures, and knocked at the door of a house in Exeter street, occupied by a respectable family.— The lady of the house popped her head out of the window to see the cause of such a dreadful pother, and the gallant cocked his head and endeavored to squint sheep's eyes at her. She obeyed his invitation to come down nod admit him; but on her way she seized a cowskin, and unlocked the door, admitted the youth. The door was safely closed, and the gentleman thought his plan successful, but the lady, caught him by the collar, and laying on stripes iu good earnest with tiie cow-skin, made the gay Lothario cry murder most lustily.— A w atchman was attracted by his cries,"arid the door being opened, the night cruiser popped out and cut away. The lady de clared herself much pleased with his visit, and gave him an invitation to call again, but he did not stop to make an answer, and it is supposed lie has tia-l a sufficient taste ot a warm reception.— Baltimore Sun. Male Coijuettes.- -The character of a fe male coquette is sufficiently odious and re pulsive ; but when the gentlemen think ■proper to imitate the weakness and vices of the ladies, they become altogether disgust ing. There are many men who make a point of paying particular attentions iudis cri innately to several ladies, and when their marked observances have exposed them to misrepresentation and calumny, wonder dmw such could be the result, not meaoiu" any harm, and only intending to amuse t’te uselves. There are people whose minds * -ar** so strangely constituted, that they take nr? pleasure but i 1 mischief, and delight m dwrtu.uing tiie feelin asm'a husband, brother .un i father, by singling o it their female con nexions as the object of their public homage, .and who care nut about the misconstruc tion to which 4 hey subject their hopeless vict'tß. provided they can gratify their spleen anil tnalevdein e. Front whatever cause it proceeds, the effects are the same, and the person who exposes a female to unmerited •obloquy, is as contemptible as he is depraved or foolish. American Humming Bird.— A couple of boys having t*k*a a nest of hornets ! and n l t?ged up the enterance, took it to an ! Irish-nn who happened to be leis ,relv passtmr on rbe towpath, while the boat in' * passenger was ge-ting through , t 1 ’ e ,oc 'V *"' l a(> H it to him for a of Am |ic:m bmnmmg bird. His instructions t . K ' & ** "«<>» them to come I P>t except m.rtjhtyosto, a * d ' I them back he was to beat upon their, nest, which would induce litem to return to their hab'tation. With this information he has tened on board the boat, and called upon his comrades to go with him into the cabin to examine the qualifications of this rare specimen of American ornithology. Hav ing give the nest to his partner, with instrnc ! tions to call them bacw if any person should come to interrupt them, Pat pulled ou t the plug, when one came and lit upon his hand. • •Och fait, look what a beautifulcralnr! sure ly ottld Ireland niver had the like.” Just then several hail come out. anil one had planted his sting just above Patrick’s eye. “Och ! thunder ami turf! bate the hive!” cried Pat, throwing his arm:: around at eve ry fresh “The diviPs bail luck til! ye, Jamiuie, why don’t ye hate tlte hive.” while Jaininie used what little time tiie horue.s left him in pounding tin* nest. OO.lVI,M«m j cj. M ERG HAN TS’ At FLA NT K RS’ CON VENT ION AT MACON. Thursday, Oct. 24. The Convention assembled according to adjournin' nt. but eu receiving the announce ment that the Committu of Twenty-0110 would not be able to report until 12 ocluck, the meeting was detained for a short time by interesting remarks from different gen tlemen, and then adjoruue I to 12 o'clock, .VI. to receive the Report. Accordingly, at that hour the Commute : presented ’.lie toilowiug Report and Resolu tions. which, after a brtel discussion, were unanimously adopted. REPORT. The committee to whom was referred the [{ •solution instructing tlietn to present the subjects oil which.tiie Convent 100 was cal led upon to deliberate and act, beg leave to report— Thai, after the full exposition which is contained in the Cotton Circular adopted by the Planters and Merchants, at their meeting in the city of New \ oik, on the sth of July last they deem it in some de gree superfluous minutely to explain or to enlarge on the points submitted to the peo ple of the Cotton growing States, in that document. W« have therefore convened for the pur pose ol considering— j Ist. Whether there beany inherent de fect in the mode anti manlier of shipping out great staple under the existing system of advances, made by the Agents of the Foreign Houses, through, whom it lias been hitherto principally e* ported ? 2d. Whether, if the injurious tendency of t He system be demonstrated, there exists within ourselves, any remedy f We will now, as succinctly as possible, proceed to the discussion of these points. It is well know that, with the exception of IHe very inconsiderable (tuition of the crop purchased under direct orders, for the spinners, and for fincigfi account, the great bulk of our cotton is snipped either bv the Planter or Met chant, dealer, under advan ces m ole by the agents of foreign houses. Tiie mode in which this operation is con ducted is as follows. Usually, Hie Banks in the Southern States advance the money that moves forward the whole crop (or nearly so) ou letters of < re dd, as security. The bills founded upon these securities are usually at 60 tlays sight. They are forwarded at once, hut the Cotton being much more tardy in its movement they frequently mature before the arrival of the Cotton, and the Cotton has tube forced upon tiie market; or the acceptor of the bill has to pledge the Cotton to Brokers or Bankers, to raise the money to meet his ac ceptance. i’his may be one when money is plenty, without difficulty; hut the mo ment it becomes necessary fur the holder of the Cotton, or the Bank, to realise the funds advanced nn it. then the Cut,on must be sold, whether dimns, a depressed or favor able market. Whenever tiie Bank of Eng land uluses to discount the Cotton receiv er’s bill upon his I tokcr, endorsed by his banker, his banker cannot give him any further means ; because, peradventiire, the Bank ot England has set her face against transactions i t cotton. Then the cotton must be sold ;il any sacrifice to tiie spin nets, who arc well advised of the amount ol our staple thus ready for sactificc, and the period when it must be forced upon the market. It moreover may happen that the bills which tiie Cotton have received may be good, or good lor nothing; and what does the planter and shipper trust to, w hen lie agrees to take these hills in return for the produce of his industry ? Tie trusts, first to the authority ol the Agent to make the stipulated advance, and to draw the neces sary bills on his principal. He trusts in the next place, to the inclination of the parties abroad—First to accept the hills: and, trust finally to the skiliand judgment of the foreign house, in the realization of the property, and to their ability and disposition to hold it until the most favorable moment for its sa’e. The receiver of the Cotton risks nothing, but the difference between the market value anti the price advanced, unless the latter is both extravagant and : speculative, (which one party ought not to ! ask, nor the other to give,) this risk is tri tliug. We are entirely aware that it may be urged, that probably four-fifths of the pro duce of the Globe is circulated by the Bills ot Exchange. It is just as certain that pro tested bills, drawn against shipments of Cot ton. are sent hack by thousands and hun dreds ol thousands ol dollars, by every packet, whenever tlte market is temporarily or permanently depressed. If the pi ice is high enough to cover them, they are ac cepted, if not, the reverse inevitably follows. M e think Iron* this statement, it ituist lie altogether obvious, that our great staple is without any protection whatsoever; to say nothing ol the (act. that it may sometimes be in the hands, and at the mercy of those whose interests and sympathies are with the buyers of the article, rather than with the shippers, or the producers, in spite of the exemption from this imputation which is justly due to some of the English houses, who have adhered to the interests of tl eir correspondents with great firmness, and fidelity amide tuncxampled difficulties. Indeed it is altogether impossible to con ceive a system of sale so utterly defence less, for an important article, which p«>r formssuch an essential office in regulating the Exchanges a.nd influencing the curren cy of our country. 'Ve will now proceed to the second branch. 2d. Laving thus detnocistrated the in jurious tendency of this systt'm, tlte ques tion arise* whether their exists within our spive* aiiv remedy ? The avowed designs ot this Convention being to devise sonic mea ts to protect, in future, a most impor tant American interest, we pass at once to it* consideration. Ii mav nut be out of place to advert to th it derangement in the monetary system of b United States, which, in 1837, led to a u ension ol speci» payments throughout American Republic. At that time our country owed to a huge coin. “,> J' mercial debt, arising out of the excess in value of the imports of the United States, in ll.eir trade with England. To pay this balauce in specie, was im practicable. An nnusnaly favorable season bail given us a crop of uopre -.edented abun dance in the cotton growing states. 1 o transmit this property to the country ol our great creditor, as fast as possible, as att evidence that the Citizens of the Lotted States were neither wanting in the means n.tr the disposition to redeem all their obli gations, the aid of the Banking Institutions of the Union was invoked: and to guard a part of the property, so transmitted, thiough their instrumentality, from unnecessary sacrifice in the market of consumption, the agency of Humphries anl Biddle was es tablished at Liverpool. The result ol that agency in winding up the large crop of 1838, is conclusive proof of what may be done by consigners thoroughly devoted to American interests, subject to no necessity by heavy advances, to gut :he market by forcing upon it large stocks in constant and disastrous succession. In this brief outline, i« embraced the whole head anti front of the offence which lias led to so much animated discussion, and wide spread denunciation, in tie public prints, of botit cosntries. Whenever, how ever, a dispassionate and disinterested judge ment shall be pronounced upon the motives and objects of those who established rltis agency that jtidgeto'nt will prove equally honorable to their sagacity, and their pat riotism; and to the gentlemen in Liverpool who conducted itsaif.iirs—who are entitled to the abiding confidence of our people, for the lidelity raid lionnc** with which they adhered to the interests of their constitu ents. It might naturally have been expected that when the causes which had led to the establishment of this agency lor the defence of our great stapde had been removed, the trad# would full back into its channels, and that the protection for our interest would be ample, with the means at the command of individuals engaged in it. No one sought to prevent this. The field was open to the enterprise of till. No embarrassment was wantonly thrown in the way of any one. Nothing has been said, or done, by the so called “monopolists,” to prevent others from entering into a fair com petition with them. But we have, Unfortunately, been obliged to leant by a severe lesson, that o'her coun tries, as well as our own, may, at times, be destitute rs an adequate supply of the precious metals. We have to realize tlte painful truth, that after devoting our capital, our anxious attention and our labor. t« pru ditcee a good crop, and after witnessing the partial dis ippoi.itment ol our hopes, from the unfavorable influence of the elements in out own country, the value of what we have secured is to be essentially diminished by the extent, or deficiency, ol a different crop in another country. Granting that tlte calamity of n short harvest in England being an act of Provi dence, by which the productive energies of our people ate rendered of less value, has to be and ought to be ultimately shared by all other ceunlries, participating in her com merce. atitl that submission is consequently no less a matter of necessity than a point of duty, it by no means follows that one sec tion ol the world should hear the greater part of the burthen of such loss, by the depreciation ol its own production in a disproportionate degree. T‘ is we maintain has been the effect whether it was d-signed to be so or not, by the course which has been pursued bv the bank of England in regard to the Cottou crop of tlte United States. That particular article has been selected from all other ar ticles, as the one which was to be sold at low rates in England, becai.se food had to be purchased from other countries at high rates, to sustain her people. We arc aware that this position will be vehemently de nied. It is nevertbless, strictly true. Let any man look over a file ol English com mercial newspapers for the past eight months and see if he can discover, any other article merchandise or trade, in w hich speculation has been so energetically de nounced, or relative to which so many com binations have been developed, calculated to prevent its yielding a fair remunerating price, to the producer or impprter.— Let him review the price current the agreemet amongst spinners—the articles on tlte money market—the statistics of the crop, and consumption—the advance of the rates of discount by tho Bank of England —and tbeujet him say, i c there is one word in them all which depreciates a rise in the price of Sugar, Coffee, Saltpetre, Indigo or Tea, or any otlter production, save Cot ton? Let hint then honestly state Lis con viction. whether there has or has not been a combined, extensive and most influential effort to depreciate the value of tlte Cotton cron of the United States? If we shall befit I y satisfied of the .ruth of these propositions, there can remain no doubt of the justice, or the nropiietyof our adopting such measures of sell-protection i as shall g tard our interests against suclt influences in future. The question arises, what these meas ures shall he? Here we will take occasion to advert to the gross misrepresentation of the motives and objects, of those who are responsible for the call of this Convention. It has been saM, that it was nothing more or : less than to get up a scheme lot giving a j speculative excitement to prices ; to estab ! lish a permament monopoly in the Cotton j marker, and to seduce, by the temptation of high profits, the Banks from the sphere of their legitimate business to turn merchants ; and thus derange the whole commerce of the country. These allegations are utterly untrue. Iu the first place we avow that nothing would be moso injure us to that great desideratum, steadiness in the price of our staple, than any temporary and undue excitement in the market, whilst the charge of mono poly, when the whole crop is open to the competition ot the whole world, is equally unfounded. J t will b- perceived, in the ; sequel that so tar from desiring to force or seduce, the Banks into the risks of com mercial adventures, that we do not propose to do any thing more than perform their usual function ol lending money with an augmented security. 1„ one word wc propose that the Banks of the Southern Mates should commence forthwith to make advances «... Cotton oa the (.ledge, j„ a practicable lorm of th,: material itself; with the personal security of the persons taking the advance We are aware that one of the strong ob jections urged to this scheme was, the medium of Post Notes, through which it was proposed that these advances should be pa.d Since the call of this Convention. and the period of its assembly, the Banks generally, with few exception*, have sus pended specie payments throughout the middle and sourhern States, and which i* likely, in spite of the strong efforts by the Banks m New-York. to sustain a redemp tion of their notes in coin, will become uni until the eoootry eaa racoTe* from the great and unprecedented embarras-' nients into which it is thrown. It therefore becomes needless to discuss the Post Note system, and to shew that in small sun s, and with a certain fund for their redemption at maturity, they might be made equivalent to the best inland exchange; or ordinary cote circulation. The crisis is certainly pro pituous to a fair test of the efficacy of the experiment ol protecting our staple through the instrumentality of our Banks, as the process ofexchanging their uotes for good sterling bills is, to them, unquestionably a measure, not only of essential safety, but of sound policy. We are verv far from saying, that so signal a calamity as the interruption of payments in coin by our Banks, is to be regarded with any other feelings than those of profound regret ; but we apprehend that this suspension has resulted from a manifest and unavoidable necessity. The truth is, the late resumption was premature. Our Icountrv had not recovered from the pros tration of 1837, and the present crisis has been precipitated upon us by the short har vest of the last autumn in Great Britain, and consequent rise iu the rate ts interest by the Bank of England which rendered American securities utterly unavailable— depreciated the value of the Cotton crop of last year—and entailed upon our sh ippers the necessity of meeting enormous recla mations. The enquire therefore arises, whether we cannot use our great staple, as the means of resuscitating our Banks, of enabling them to replenish tl.eir vaults with the precious metals, and thereby fortify themselves for resumption, whilst they shall subserve the important purpose of protecting the great Cotton growing interest ol tiie country. We think we can. We have not at the South the mines of Mexico or Peru, but w o have growing on the surface of our fertile plains a staple of equal value, at infinitely a less cost of pro duction, and without any expensive process of complicated alchemy of easy converti bility into the precious metals. Shall we in the process of this exchange allow others to reap the benefits of this conversation; at a moment too when our Banks require a reflux of bullion into their coffers, or its equivalent in foreign exchange, in order that, at no distant day, they may redeem their faith with the public ? If the Banks in the Southern States, advanced on tlte whole Cotton cop of our country, it is ijuitc obvious that they would, through the toreign exchanges have what wo - hi be equivalent to a supply annually, of eighty millions of tlte precious metals. The ex changes of the Union would in this event, he centralized at the South anil something done towards the accomplishi..' »>t of that great desideration of Southern hope and aspiration—a direct trade. And we have no hesitation in saying that we believe if the Banks of the South come forward promptly and generally, and make advances, at safe rates, to responsible par ties, on our crop that the most stupendously beneficial change w ill be efteef'd iu tiie cur rency, trade and exchanges of our sec tion of the Union that have ever t>cen con summated. If at this moment when they want the support',four great staple most,they should embrace the propittinusconjuncture, wheneferr, esumption of specie payments should be commenced by genera! accord they would not onlv be in a state lor vigorous re sumption, but be in a condition of impregna ble strength, under the system of exchanging in a greatcror less degree, eighty millions of thrir currency for eighty millions of for eign or domestic exchange. For with the former it is altogether obvious—they should have the means of drawing any am unit of bullion they plcassed from Europe, after selling a sufficient sum to meet the iulatid exchanges of the country. With these manifest and multiplied bles sings before us. wc invite the cordial con cttrrence of the Southern Banks. Planters am! Cotton Merchants, in the measures we are about to submit. We are aware, how ever, we should not perform our duty, or very inadequately meet public expectation if we did not point out, practically, the mode by which these desirable objects are to be accomplished. •' First, it is proposed nt all the principal shipping ports of the cotton states, that parties, whether planters, co ton merchant* or factors, should apply to tHe Banks for such an advance on the cotton they hold as may he in comforVuy with the current rates and be mutually agreeable to the par ties. In every case where tlte Rank con ceives the advance asked lor is too high, it is quite competent lor the institution making the advance, to require in addition, all tho security incident to an ordinary discounted 'note. I? wotilu oe altogether impracticable for this Convention to fix the standard of what would or would not be a safe rale of advances as this, of course, must depend on the fluc tuating questions of productions and con sumption—the first influep. sand by the vicis situdes of the seasons to our own country; and the last, by the state of trade abroad. This must of course, he le t to the sound discretion of the Banks themselves. By requiring this security at home the spirit of reckless speculation would be repressed ; and the disastrous embarrassments of un covered reclamations, to a vast amount, averted. The party applying for the ad vance must produce the ware house receipt ami policy of Insurance, duly assigned to the Bank ; or bill of landing, if the cotton is on the eve of shipment abroad. The Bank, as its equivalent, after charging the iuterest and allowing the difterecce of ex change takes tlte sterling bill of the shipper at six months and advances its own notes, and by mutual agreement, it is arranged to which of the houses to be hereafter ap pointed in Europe to hold these consign ments the cotton is to he shipped, with an explicit understanding that it is to be held for six months from the period of shipment if so long be necessary, to secure any advan tageous sale. If the advances are received by the Bunks in the interior, then the re ceipts and the bills of lading, may be trans mitted to their agent Banks in the shipping ports, in order that the sterling bills may be signed by the shipper, tiiat the exchange may be negotiated, It will be perceived that by the specific resolutions annexed to this report, the mode by which we propose to carry out this great measure is First. By the appointment of a Committee in each of the great cotton markets ol the great Southern States, iu coiiiet with ihe Banks forthwith in order that arragements mav be made to commence advancing on cotton on the terms proposed. Secondly. That these Stauding Com mittees be authorized to confer with the Banks as to the selections of the houses iu Great Britain, and on the continent of Eu rope, who shall he empowered to receive and sell the consienments from each of our shipping ports. It may. perhaps be de sirable to the Banks to establish in the foreign markets, as the best schools for our you g merchants, new American houses, to attend to the transactions of their busi ness. Your Committee in considering the report '.nade to this Convention by Gen. Hamilton, iu obedience to the instructions of the New York Meeting, which devolved . on him the province of arranging with sun dry European houses, to take the consign ments, and which ha* been referred to your Committee, are of opinion, that the Conven tion had belter make no designation of the houses: but simply to suggest the above reference, however entirely satisfied they may be with the matter in which this gentleman performed this duty ; and ol the undoubted respectability of the houses with whom he conferred Thirdly. That in the City of New York there should be an Agency established for each Southern shipping port, to be appointed by the Committees, and Batiks, of said Ports, whose duty it should be to sell such Cotton as may be shipped to New York ; ~nd such exchange as inay go to that place for negotiation. Fourthly. That a Delegate from each of the Committees of the several Co.ton Markets, meet on the Ist day of August, of each year, in the City o’ New York, to confer witk the New York Agencies, and to devise such measures as mav more effect ually promote the objects of tiiis Conven tion. This is the sum and substance of the plan which we propose for the protection of our great staple, and the rcsnsei'ntion of our currency. In its details there i* neither complication nor mystery. It* object is to borrow the money on our slai le at home, and not a broad, and thus to place it beyond the reach of sacrifice, whenever th Bank of England may, either, from wise coun cils, or nn unfounded panic, jaise the ra'e of interest. Wedisclaim the stupid charge of hositility to the manufacturing interests of England for the manifest reason, they con stitute our best customer. We must, moreover, he allowed to enter our protest against the unfounded allegation, that we desire to fix, by u:i absolute edict, tlte price of Cotton. We aim at nn object so absurd and unattainable. We know that the great law of supply and demand must after all, regulate price. But it is a legit imate object of trade, by wise provisions, to guard against gluts in tlte market, and unfounded panics often tlte result of un worthy .tiid profligate combiir-tions. We have repeatedly seen the most false and unblushing statements of the probable amount ol (lie Cotton crop of tlte United States for the purpose of depressing its val ue. Last year it was asserted that the production would lie 2,000 000 dales, in the face of a prothi. i of 1,350,000; and iu tiie face of a drought of unexampled intensity this season, it i.s affirmed with equal truth that that ol the present year would reach 2,300,000 hags, which in no event, can ex ceed an average one. No article of agri culture and commerce iu the wole civil zed world is exposed to such accumulation of dangers, as our great staple. Even that pestilent drug of oriental luxury; the ex pulsion of which has recently convulsed a mighty Empire to its centre, seems less an object ol hostile combination among those at least, who puchase it, although it dispen ses madness and death, than a staple which gives to mail his most : eaithfui raiment; and w ic h tivals the fleece of tiie lamb in its softness, and the miraculous results of the industry ol the silk worm in the fineness ami beauty of its fibre. We desue no monopoly. Ifthe agents of foreign houses are willing to give a iiieher rate of advance than the Banks, let them take With the Cotton, the risk of such adven tures. All t a> we wish is, to place a >or tioti at least of the Colton crop l/eyond the reach ol coercive sale*, under the death war rant ol a 60 day bill, that hits run to matu rity. We wish, moreover, to place at least a portion of the crop, beyond the blighting influence of those theories'll finance, which altitotigh they may have emanated from the highly respectable parloroftheßank ofKn gland, are not to be found in the philosophy of Smith or Ricardo, which have struck in tlte last summer, a blighting influence, not only on the American trade, but have pros trated one of the greatest branches ofthe gigantic industry of tho British Empire; under tae vain and absurd hope of stopping during an obviously unfavorable state of trade and a deficient harvest, ihat stream of gold which was ascertain inflow out of En gland. as the father ol eur western waters is to roll his current t übe ocean. These wise men, in their generation, have indeed done theii worst—they have prostrated American interests, and all tire interests iu rin-ir own country connected with our own, but the fa tal tide c till flows on. And il our Banks desire that a portion of this stream shall he lavished on our owr shores, let them turn to our great :inl>* winch uuder a •;::*tc»ons course of trade! ,v *l' Mill maud the precious ou la's front ev ery quarter ofthe Globe. I o our associates in an important branch o'our industry the C'lton Planters ofthe country, we would address a voice of sym pathy :,,, d warning—we would tell them that the mode by which the product of their cap ital and skill is disposed ot in the greatmar ket of iH consumption, is enough to break down the most valuable staple, next 'o tin staff of tile, which God ha* given to man They tntH not rest satisfied with the un certain calculations ol the product ot a crop, liable to be cut short almost to the last mo ment of its gathering, bv the vicissitudes of the season. Whether ’it be a large or a small one, a judicious system for offering it for s.tie in the great foreign markets of i:s consumption, is equally tiie part of policy and wisdom. The tact is not to be conceal ed, inspire ofthe depressed state of trade in England, il the American houses in Liv erpool had held this year, the stock ol Cot ton which was consigned to Humphries and Biddle alone, during the last, from ten to filteen millions ot dollars reclamations wonlo have been saved to the rnuhtrv ; we should have had an effective balance-wheel in giv ing steadiness to the market. The con tagiou of a disgraceful panic would have been suppressed; and some just relation preserved between even a diminished con sumption nud a crop of unexampled short ness, Ihe production of our staple treads so closely on the measure of cotisutr ption, that of ail the articles of commerce, it requires ’he utmost care in it* sale; yet perhaps it receives the least. We ought to reflect, what would be the extent of the calamity which would oetall our country, if it wrre to break down to a point which would not cov er the cost ol production. For to the up land* ot itte South, it is onr ortiv remunera ting product. An efficient scheme of pro-' lection, for a few years, w ill make all safe. I lie use ol Cotton, as a fabric of human raiment, is just penetrating the Russian Empire, and before many years, we shall have in the boundless regions ofthe North of Europe, a class of consumers more numer ous than those of the Kingdom of Great Britain. With these reflections on the past, and anticipations of the future, we submit, with this Report, following Resolutions for tiie adoption ot the Convention : Resolved, That the gentlemen who issued the Ctrcular. dated sth July, in New York, which ha* catise.Uhs mceiiug of this Con- ! vention ; ere entitled to the thanks of every citizen, who is interested in the cultivation, or export, of tiie great staple of the South. Resolved, That this Convention entirely concurs in tiie opiuion expressed in satd Circular, that owing to the circumstances under which the Cotton crofris usually sent to market, the price of the article, is not left to be regulated, by the fair ami natural influences ol thc law of supply and demand. Resolve I, As the opinion of this Conven tion,*that a remedy fsr the evil, as effective ofit* object, as it is simple in its character will be found in tlte recommendation of the Circular, “that the Cotton of otr country, shall not be sent to market, accompanied bv a bill of Exchange, w hich must coerce it* I sale, at a fixed date, whatever tuay be the ! state ofthe market. Resolved, That the Cotton Planters and American Shipp rs, in the Southern Potts be earnestly requested to concur in the mea sures recommended by this Convention, by which they may be reitain of having their cotton held, and not forced outlie market at a ruinous sacrifice. UesoXved., That the Banks in the Southern States be in' ’ted to concur, in a general sys tem of advancing on the crep, as the onlv certain mean* ofrepUinshing. their stock of specie, and of placing their circulation on a .-omul basis. Resolved. That the Committees at Mobile and New Orleans, be leqnestcd to call a meeting ofthe Directors ofthe Banks, Plan ters, Factors, and American Cotton Ship pers, in their respective cities, at an early day in November next, that the proceedings of this Convention may lie laid before them. Resolved. That tiie following gentl»tnen do 1 (institute the Standing Committees : Por New OAeans—- L Millcinlo, John Mintnrn, s . Peters, N. McCJuliee, D McGof lin. A: Jim Hagan, Esq*. Por Mobile— II B. Gwatinncy. Win 11. Bohertson, C. Cl. L tugdon, John R. Block er, Geo. S- Games. Tims E. 'Part, Thus J. Buttler, B. A Fointiiiic, John May rant J. S. Deas, Frank tin C. Heard, Esq*. Por Savanna'; —G B. Lamar, Ed. Pa delford. Jos. 11. Burroughs, Win. Patter son, B. E. Stiles, Chas Hartridge. 1-Uqs. For Charleston S. C. —John Robinson, Ro lit Martin. Kohl Collins, John kiikpn!- tic. He my Gonrilitie, Jas Hamilton, Esq*. For Colon,bhi, S C —Wade Ilampjon, W Wallace, R Sonley, J Adams, R God win, Esqs. For Hamburg. S C— Ilcnrj Shultz. Ed ward D Leas. Cutis Lamar, Marshall R Smith, 11 W Sullivan, Esqs. Por Augusta (In —Alfred Cninining, Paul Fitzsimmons, Geo W Lamar. P Rea tmeh, 1 P King K f. Por AliWeil"nnWe DrT Fort, J W A Sanford, I L Harrs. Esqs. Por Alaeon Git- Dr A Cloptnn. J Cowles Charles Collin: .1 Goddaitl, M N Btircli, Charles Cotton, J G Moore, Ed Hamilton, Wot B Johnson, Esqs. For Co\vmhus, Uu---. lnn Fountain, Juo II Howard, Dr Tims lioxcy, Win II Har per, 11 S Smith, Esqs. FOl Alontgon cru Jesse Taylor. .Trim Martin, John Scott, Thus S Mays, B Bibb, Esq*. For Tuscalosa Ala— John Mnrrast, A Battle, Edmond Prince, Hardin P« rl.ins, Robt Jameson, E>q*. For Columbus Al/*■*— Judge Andrew l!ild> Geo II Y onng. Judge J Aloore, Thus McGee, AJnj Blnit. For Natchez Miss-- -N Ware. Gen Quit man, Joint Ruth, Judge Thatcher, Mi l)al green. For Pieksbui g Mi**—-Judge Lane, Mr | McNeil, Dr B Harris. For TaWahassre, r -Vt—-Jesse Coe Ed ; ward Bradford, J 11 T Lorrimer, A Al Gad . iu, Samuel Reed. Por SL- Jnecphs Fa —T B Howard. Ed •T Hardeii7*nfck Street, G W Smith, Dr Dofljo. Por Anpalarhicola Fa —G W Porter. E Wood, lliram Nuitrse, J} Goldstein W G Raney. Resolved , That the foregoing Committees be specially rrqui stetl to carry into effect the duties confided to them in the above Report and that they communicate <0 the Central Committee, at Mobile, what they have don-: in the premises, that the same mav he an nounced in the public journals of the res pective States. Re oleed Thar ti e said Committee be requested to supply all vacancies which may occur i , their respecttve'bodies. Resoled. That the Banks and several Counties anti Dishiclsin the Cottou Slates, he requested to send Delegates to tlte “Com mercial Convention,” to meet in Macon, | Gevrgiit, iu .May next, to unite with that body, for tho purpose of taking into eott •-nict ation the currency of the country and the interests ofthe Cotton Trade, by which the Direct Trade with Europe is to essenti ally be promoted. On motion of E A Nishr t, the Convention adjourned until 4 o'clock. -1 O'CLOCK. Convention met agreeable to adjournment P inside o’ in the Chair. On motion of E A Nisbet, Gen Joseph Thomas, of Burke county, and Col A II Kenatt, of Al illetlgevile, were invited to lake seats in the Convention. C C Milts, of Alabama, moved that the Report and Resolutions of the Committee ol 21, be adopted by this Convention ; which, was carried. The following was offered by the Hon Thomas Butler King, and carried: Whereas, iu the wise dispensations rs Divine Providence, the Southern and South Western States hav" been deprived of one of their brightest ornaments, rml most dis tinguished statesmen, in the death of the late Gen. ROBERT Y. lIAYNE , and that it is due to out selves, to pay >1 proper tribute of grateful respect to the memory of those who have devoted their energies and talents iu sustaining the interests and prom oting the prosperity of our country —be it, therefore. Resoled, That the Convention express i's deep sense of the loss the whole South ern and .South-Western portion of the Un ion lias sustained in tiie deatli of Gen ilayrie. Resolved, That the members of this Con vention will wear crape on the left arm, for the space of 30 Jays, as a token of respect for the memory of our late distinguished friend and lellow-citizen, whose loss we so deeply deplore. On motion of John Lamar, of Ms eon G». Resoled, That the Committee of 21 be charged with tlte duty of having the procee dings. A:c. of this Convention published and that 1.000 copies be printed. On motion of John Lamar. Resolved. That the thauks of this meeting be pet!,, nted to tlte President and Secreta ries, for the ability and courtesy with which they have performed their duties. On motion of C. C. Mills, of 4 labatna. Re soloed. That this Convention do u(®r adjourn, sine die. The Convention adjourned. .’ tfJOS. HOXE y. C. A. lIIGGtNX, V. J. *7MA>cr, { Serretorie*. -