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COLUMBUS SENTINEL AND HERALD. YOL. X.] PUBLISHED EVEKY SATURDAY MOHNINO BY JOSEPH STURGIS. OS BROAD STREET, OVER ALL E 5 AND YOUNO’s, M’tNTOSH SOS . TERMS—Subscription, three dollars per an num payable in ailvance, or foua dollars, (in all case . exacted) where payment is not made before the expiration of the year. No subscription received for less than twelve months, without payment in advance, and no paper discontinued, except at the option oi the Editors, until all arrearages are paid. ADVERTISEMENTS conspicuously inserted at, ose dollar pel one hundred words, or less, for the first insertion, a<. i vzftv ce.vts for every subse quent continuance. Those sent without a specifica tion of tho number of insertions, will be published until ordered out, and charged accordingly. 2d. Yearly advertisements. —For over 24, and not exceeding S6 lines, fifty rlollars per annum ; for ovr 12, and not exceeding 24 lines, thirty-jive dollars per annum-, for less than 12 lines, twenty dollars per annum. 3d. AH rule and figure work double the piices. Legal Advertisements published at the usual rates, and with strict attention to the requisitions ol the law. Ai l Sales regulated by law, must be made before the Court House door, between tin* hours of 10 hi the morning and 4 in the evening—those of Land in the county where it is situate ; those of Personal Property, where the letters testamentary, of adrnin i- tration or of guardianship were obtained—and are required to be previously advertised in some public Gazette, as follows: SiiEKivr s’ Sa i.E9 under regular executions for thir ty days, under mortgage li fas sixty days, before the day of sale. Sales of Land and Negroes, by Executors, Ad ministrators or Guardians, for sixty days before the day of sale. .Sales of Personal Property {except Negroes) forty days. Ci r vtiovs by Clerks of the Courts of Ordinary, upon application for letters of administration, must be published for thirty days. jCrrATioNS upon application for dismission, by Executors, Administrators or Guardians, monthly ,for six months. Orders of Courts of Ordinary, (accompanied with a copy of the bond or agreement) to make titles t'o l and, must be published three months. £5, ticks by Executors, Administrators or Guardians, ‘ of application to the Court of Ordinary for leave To sell the Laud or Negroes of an Estate, four months. Notices by Executors or Administrators, to the Debt ors and Creditors of an Estate, for six weeks. Sheriffs, Clerks of Court, Sic., will be allowed the usual deduction. 5; ff* Letters on business, must be post paid, to entitle them to attention. HANK REPORTS MONROE RAIL ROAD AND BANKING COMPANY. Macon, April 21, IS 10. To His Excellency, Charles J. MeDonidd. Dear Sir—l herewith ha id you tlje semi-annual re port of this Institution, showing its state and condition on the first Monday of this instant, at 9 o’clock, A. M. together with a list of the stockholders. The extension of our road above F.orsyth, seventy seven miles, to the terminus of the State woik, is un der contract for the grading, which will be finished within this year, the laying down of the superstruc ture is now going on, and will progress at the rate of from three to fmr miles per month, uptil the terminus is reached. This road will be used continuous on wooden strips, substituted fir iron, tin il iron is pro cured; a contract for iron is in progress, 10C0 tons to We delivered this coming winter, the remainder for the road—l6o3 tons the winter thereafter. We have every reason to believe this contract will be consum mated. 1 am respectfully, your obedient servant, L. L GRIFFIN, President. Montoe Rail Road and Banking Company, on Mon day morning, April 6 h, 1640. DR. To Bank Capi a!, 50- 495 Kail Road Capital, 562 495 — 1,006,990 Bank Bill* issued, 686,000 Do do on hand, 1t.8.655 Do do in circulation, 4*7,345 j Interest an i Premium account, 26 604 02 j Cash received from Steam Mi.i, 1.651 01 j Time Checks, 7t>587 24 Amount due other Banks, 1,827 98 Unclaimed Dividends, 5 721 39 Rad Road receipts, 12,896 9*t In itvtJu.il Deputies, 41,519 63 Conditional do 60,1 U 0 Difference in Account with Agency at Foi sytb. 60 16 j Do do iio atCassville, 122 32 51.709,055 74 j OR. Uv Disbursements on R. R. and Real Estate, 600,051 67 Notes discounted running to maturity,good, 256 803 58 Do do lying over, good, 70,044 6? Do do do doubtful, 2 991 73 Do do under protest, good, 7,766 57 Do do m suit, good, 30 686 llilis of Exchange dis'd. run’g to nial’y. good, 521 032 93 D > do tying over, good 5 000 Do do under prot. “ 17 ,200 Do do in suit “ 702 52 Repairs account, 13126 8l Salary 44 3,333 33 Expense “ 466 41 Protest “ 203 Cash “ in Specie and specie funds, 96,202 61 Do in hands of agent in Savannah, 18 017 24 Do bills of other hanks, 47,160 Do certificate of de posite fin West’n. B’k. 775 Do certificate of depo sit®, 2,685 50 Do amount due fiom the State of Georgia, 5,519 0? Do Checks, &c. 9,193 27 $1,709,055 74 GEORGIA, ? Came before me, A hranv B. Bibb County. $ Adams, a Public Notary, L.L. Griffin, President, and Jeremiah Leak, Cashier of the Monroe Rail Road and Banking Company,who being duly sworn, deposeth and saith that the above is a cor rect statement of the Monroe Kail Road and Banking Company on Monday the Gilt ir.st. L. ‘L. GRIFFIN, President. JEREMIAH LEAK, Cashier. Sworn to, and subscribed before me, Macon, April 21st, 1840. ABRAM B. ADAMS, Notary Public. I.ist of Stockholders in the Monroe Rail Road and Banking Company. Stockholders'Xames. Xi. of sh's. Ain't. *>’d. Allen Robert 100 10*000 Alexander & Sale 115 11 000 Anthony James 20 2 000 Brooks Alfred . 1000 100.000 Benton Amos 170 17,000 Bedingfield Robert 100 10,000 Bellamy Alexander 60 6,000 BartletrlMvron 25 2,500 Bronson H’ VV 25 . 2,500 Brantley, Beryamin 20 2,000 Boynton Wiliiard 20 2,000 Bone William . 10 1 000 Blunt Marshall 10 1,000 Burney SW 10 1,000 Been William 6 600 Beck & Dobbins 5 500 Charles Y. Caldwell 105 10 500 Childers John S 50 5,000 Cozart Anthony -10 4,000 CoxOW 30 3,000 A H Chappell 20 2,000 Collier Cuthbert 20 2,000 Collier Hardway 10 1,000 Caldwell Matthew T 6 600 Daily John ir 103 10 300 Day Joseph 90 9,000 Duon & Martin 80 8,000 Duncan James E 50 5,000 Durham Hardy 50 5,000 Duncan Robert L 25 2,500 Dyson Thomas 20 2,000 Daily, David 15 1,500 Davis Janies M 10 1 000 Daily SM 10 1.000 Dixon James 6 600 Easton Parker 15 1,500 Evans Rufus K 10 LOOO Evans John P 2 ’2OO Fort William 25 2.500 Griffin L L 1793 179^300 Griffin Dame! 100 10,090 Greene F 100 10.000 Guerry & Ward 100 10.0G0 Glover Kelly >OO lo’ooo poulding N A 190 • lOJXK) Grittin Larkin “* 57 5,700 Groves John J 20 2,000 Gormon Thomas B 25 2,500 Glenn James 20 2 000 Hill John G 1000 100 000 Harris B F 100 10 000 Holt Thaddeus G 50 5,000 Harris Amos 50 5,000 Hamil Clark 10 1,000 Hopkins Benjamin K) 1.000 Hdl Joseph 10 1,000 H:li James A 10 1,000 Hill Sarah 10 1,000 HiliMary 10 I,COO Hill Susan D 10 1.000 Hill William M 10 1,000 Hill D R 20 2,000 Hansford George \Y 5 500 Jordan Burwclt 100 10,000 Jones E VV U 0 10,000 Johnson William 32 3,200 Johnson John 25 2,500 Johnson G‘Yf 20 2,000 Johnson James 7 700 Johnson Abraham {5 600 Johnson Jesse 5 500 John on David 4 400 Johnson Lcichlin 1 100 Johnson Daniel 1 100 King Angers M D 116 14 600 Land H & J 100 10,000 Leak Jorcmiah Cashier 53 5,300 Leak Jeremiah 50 5,000 Lee Jordan W 50 5,000 Lake Abrabarr. 5$ 5,000 Lanier Sterling 12 1,200 .Mattox Samuel 4 5 4,300 Martin John 33 3,300 MaKay Daniel 31 3,100 Matthews Timothy 30 3,000 Milner John H 25 2,500 McKenney Williaiq * 20 2,000 McLauchtin NR 13 1,300 Maddox Benjamin 3 300 Milner Pitt 8} 10 1,000 Milnar Willis J 10 1,000 Mercer University 2 200 Nash R N 65 6,500 Norris William 32 2,200 Noll N M 25 2,500 Noll W E 10 1.000 Obear B T S5 3,000 Parker William B 110 11,000 Philips T M N 100 10 000 Pritchard William 11 25 2,500 Pinkavd John 25 ?,500 Park & Fires 10 1,000 Redding John f>o 5,000 Ranijie ‘P;itT 5b 5 000 Reeves F H 25 2,500 Rea & Cotton 20 2,000 Rea Rebecca 3 300 Solomon Henry 200 20,000 Solomon James 50 5,000 Solomon William 126 12,600 Sanford F H 61 6 100 Stark James II 47 4,700 Smith Janus 35 3,5C0 Strother John W 25 2 500 Stubbs Thomas 20 2 000 Sanford Daniel 20 2,000 Sinus VV 15 1,500 Shivers Jonas jjJ 1,000 Sweren Edward 6 jSpp Still Robert M ’ 3 300 Thompson Peter G 300 30,000 Taylor Job 100 10 000 Tinsley James VV 50 5 000 Thompson E B 30 3 000 Talinage Aaron 10 I,OOU Varner llendly 74 7,400 Willis Win R 50 5,000 Welch George W 100 10,000 Walker Thotntt-; D 25 2,500 VVinship Isaac 25 2',500 Wood fgd. 25 2,000 Wells Eliab W 20 2 000 ‘Wrigley& Hart 15 1,500 Whitehead Wm D 25 2,500 Wheatley James I'2 1 200 Wilson mil 1. 15 1,5C0 Weed E H ‘ 4 400 Whitlock Charles 2 200 9 100 $949,000 I A list ol the Stockholders in the Motnoe Rail Ron! & Banking Ccinoanx- —Extension. 1 Stockholder s’ JYumts. .Vo of .'lt's Ain't p'd. : Alexander Eiain lo 2 >o Adams John lo 200 j Atkins Joseph 5 1 >o Ayees James II 2 4o Baker Ambrose 100 1 000 Bledsor Morton lo 200 Beck & Dobbins 65 1 3 >o Burch M N lo 1 io Bartht M lo 200 Dames Gideon 5 100 Brovin Stophep, J 5 100 Bqifej- D j 5 100 j Brown Luke 5 5 > ! Ban fie ri Wil’iarn 5 • 50 j Brow n Thomas A 3 6o I Oovingti n Seaborn lo 200 Campbell Charles lo 100 Craft II 1,0 100 Cloud Ezekivl lo 200 Cloud Levj lo 200 Chappel A II lo 200 C aid well R eber t 5 1 oo Cray Scott 5 100 Church & Strong 5 100 Campbell Daviu C lo 200 j Campbell Jehue 2 2o , Cook Henry L 2 4o j ponden Caleb 1 2o j Compton Pleasant M 1 lo j Douglass Thomas 5 5o \ Duncan Henderson 2 4o Derrick Andrew 2 2o Davis James M 5 st> Ellis J H & W S lo 100 Evans R K 5 5j Evans John P 1 lo Furlqw Timothy M 15 1.500 Fort Wm lo 100 Foot Hezekiah 3 300 Fitch H 1 2o Flenimine Allen ] lo Gorman Thomas B • lo ]sq Goddard James lo 100 GunnWm 3 3o Hamilton and Reynolds So 400 Hardeman Thomas lo 100 Hamil George W to 100 Hitchcock Wm and Overton lo 200 Holmes Josiah lo 100 Hobby Wm J 3 3o Heronton Wm S l 100 I Holmes Isaac 1 lo Jewett George lo 100 Jones Jcvhn L 3 So Kimberly (f Ad 3o Ring Thomas 2 4o Lavender Win lo 100 Lanier Sterling 3 3o Mayor and City Council of Macon 000 5,000 5 J liner Pitt W lo 100 Melson W P ‘ !o 100 Malone Stephen 5 5o McConnel James 5 5o Murray AS 5 100 Moore Alt lo 100 Matthews F S lo 200 j Matthews Timothy 32 3 200 | Oldershaw John H 5 o > | Pettet Bushrod 5 100 5 Peck Jonathan 8 8o Piice Gjeafge W & Cos 1 lo j Rea & Cotton 2i 200 ; Richards Alexander 2o 200 • Rea Rebecca lo 200 ! Reid EH 2 4o i Redding RC 11 1.100 Rose Snnri 2 4) i Rowland J T 2 4o liaudo ph R 11 lo 200 ! Rowland Win 1? 1 2o Stokes Jacob 2o 400 ; Stark Janies H 3 6o Scott Isaac 5 5o j Shotwell Harvey 5 5o . Sm.s F • 1 lo | Si Johns C G J lo Tyris John G * lo 200 ■ Turner Charles G lo 100 Tracy ED lo 100 j Thompson A F 4 4o j Turner Levin 5 100 Turner Samuel S 5 100 : Talmage Aaron 1 100 | Wofford John lo 100 j Winn J D 5 100 Winn & Shannon 5 100 ! Whatley Janies lo 200 j VVrigly & Hart 5 100 ’ Werms Sr.innel 5 100 Brantley Benjamin 5,600 • HiUSparkes & Cos 5,300 I S & B Childs 5,200 Hunter Winn.& Cos 4,000 i McCraw & Redding 3 400 I Sanford C G S.fjoo ! Cochran A & Cos 2,500 ! Roberts A Q.umn 2,000 i Mifeer Turner & Cos l,"oo i Moore A R & Cos {,400 tliiburn & Pratt | I Hill& Gathnght 9 <*> j Donelly Hugh II ®°° i Martin Levi “ ,0 ° ! Brown S J ‘ . ‘WE HOLD THESE TRUTHS TO BE SELF-EVIDENT, THAT ALL MEN ARE BORN EQUAL.’ COLUMBUS, GEORGIA, SATURDAY MORNING, JUNE 6, 1840. Whatlay James 1,000 Cox & Berks 700 Oliver William B 5 >o Holmes Josiah Bart field William 200 Johnson & Davis 2o ) Johnson & Thrasher 1 ,000 1329 §64,990 AUGUSTA INSURANCE AND BANKING COMPANY. Augusta, April ISth, 18 < '?. To His Excellency Charles J. McDonald, Governor of the State of Georgia. Sir: Enclosed is a statement of the condition of this institution on the j(th inst.; also a list of the stock holders. The requirements of the acts of the 23d December last, relal ve to the indsbtedness of the stockholders and directors to the institution is omitted, because it is Delievcd a compliance would be a violation of confi dence, and particularly to those so indebted before the passage of the act referred to. On this subject, how ever, it may be proper to observe, that the stockholders of this institution meet annually, and examine its con-_ dition and make such byelaws for t}ie government of the Board of Directors as is deemed proper. One of these byelaws, adopted at their last meeting in No vember, makes it imperative that in future no individual or firm’s account shall exceed ten thousand dollars in local paper. It will thus be perceived that this institu tion, without exposing the accounts of its customers, has in some measure conformed to the requirements. I am, very respectfully, WILLIAM HARPER, President. State of the Augusta Insurance and Bunking Com pany on Monday, April 6, 1840. DR. To capital stock $500,000 Deposites 74,844 Sq Dividends unpaid ‘ 1.182 Surplus and gross profits 1 *9 252 60 i Amount due lo agents 4 039 59 Bills issued “ 738,000 Unhand 71,820 In circulation 666,180 $1 395,498 57 cu. By notes and bond payable at Augusta $373,135 24 Bills and notes lving over 48,046 56 Do in suit 51,651 33 Do receivable 64,784 74 Mechanics’ Bank Stock 2,000 Insurance do 18,429 Real estate in Augusta and Mobile Suspended debt iii Augusta and Mobile 1,459 82 Pretest account 195 50 Losses paid and incidental charges 50,092 49 Damaged cotton account 12,589 47 Advanced on cotton 42,713 50 Cotton account 30,025 02 Insurance dues 03,290 91 Due bv other franks and agents 179 210 11 Exchange on Charleston, Sayappah, New York, &c. 269,374 20 Bills other banks, checks, &c 116,330 13 Gold and silver in vault 81,441 40 $1,395,498 57 Personally appeared before pie, the president and cashier of the Augusta Insurance and Banking Com pany, who, being duly sworn, certify that the foregoing statement, and list of stockholders annexed, are correct, unsettled accounts and claims excepted ; and that we have notr dirocilv or indirectly, violated the act ij) re ference to exchange. WILLIAM HARPER, President. ROBERT WALTON, Cashier. Sworn to bifore me, this 18th Api il, 1840. GEO. W. SUMMERS, Notary Public. ! List of Stockholders in the Augusta Insurance and Banking Company. i A I* Alexander “ 100 W J Bunco 50 Peter Bennoch 12 John Bonts 25 do trustee fir T A B 13 “do do M O YWSB 13 do do 11 L * 2 K-rßoyce 40 ll Botvdre 25 Estate of John Campbell 50 Robed Campbell 50 James Campbell 140 do trustee 180 Estate of William Bryson 1C Campbell Alien Philip Crump JO Mrs Anne Cumming 35 William Cumming, trustee _ 58 Sarah Cumming 25 ILII Cumming anJ otjieps, trs. Mrs Smi h 33 do trustee, J HO 33 Wm Cumming and others, trustees, H H C 33 R F Poe, trustee, Mrs. Davis 33 tip Cashier 50 Edward Co;* ‘ . 155 C A Crawford 40 T G Casey 25 J C Carmichael 30 John Cookery 85 Joseph Davis 50 WiHiam D’Antignac 35 Estate of John Fox 100 James Fraser 210 William Glehdennbig 25 J & W Harper 77 Executors of John Fox 50 Estate of J Herbert 10 J P King, guardian of E Knight 50 Andrew Kerr 20 Robert. Y*Harris 15 J Harriss, trustee 5 3’ N Hamilton 90 Henry Mealing 25 John Moore 100 Mis Frances Moore 20 S Clarke & J P King, guardians, A W N 50 do do do T N 50 T J Parinelee ‘ 229 John Potter 50 George W |Lamar, cashier 62 Thomas flichards 50 James Shannon 100 William H Turpin 140 VV H & Wm M D A, trustees 112 Mrs Emily H Tubman l5‘J A G Rose, cashier 435 Ann E White 75 James Wardlaw _ 25 R Walton, cashier, in trust 400 C A Waters, trusted 100 M Keith s'-> H W Heineman 300 P Fitzsimmons 25 T S Metcalf 20 II Webster 25 Pillot & Le Barbiere 27 R Walton, cashier 15i Number of shares 60OU At a meeting of the Baard, the following report was presented and adopted : The undersigned, committee appointed to exam u the bills of exchange and notes of the Augusia liisui ance and Banking Company,have performed tha do . and are of the opinion that there is ihe sum ’ s v thousand four hundred and seventy-three 22-100 and ,- lars in doubtful paper ; and nineteen hundred and no SS-100 dollars in bad paper. (Signed) JOSEPH DAVIS, JOHN COSKERY. 6th April, IS4O. ♦ NOTICE. THE makers of the notes of which the following are copies, are forewarned not to pay them to anv person but mvself. P. H. BRITTAN. ’ (COPIES.) $44 00. One dav after date I promise to pay P. H. Brittan, or bearer, forty-four dollars, r or value received. March 16th, IS4O. ‘ JOHN DEAN. sl2 75. One day after date I promise to pay P. H. Brittan, or bearer, twelve dollars and seventy-five cents, for value received. March Z6th, 1840. WM.L. PARR. sl2 00. One day afier date I promise to pay P. H. Brittan, or bearer, twelve dollars, for value received. March 16th, 1840. G. S. BOGGESS. $45 00. Due P. H. Brittan, or bearer, forty-five dollars for value received. [Date not recollected.] JAMES Y. GARDNER. GEORGIA, MUSCOGEE COUNTY. Personally appeartd before me. Michael N. Clark, a Justice of the Peace m and for said cojantv. P. H. Britlayi, .who being duly sworn, says that the above are true copies of natps and due hill rpcenjlv in his possession, and which have been lost, to""’the best of his knowledge anJ belief. P. H. BRITTAN. Sworn to before me. May 27th, 1840. MICHAEL N. CLARKE, J. P. FOUR MONTHS after date application will be made to the honorable the Inferior Court of Tal bot county, when sitting for ordinary purposes, for leave to sell ell the land belonging to John and Eliza beth Black, illegitimate children of Marv Black. JAMES H. BLACK. Guardian. May 11,1840. 13 4m SENTINEL & HERALD. COLUMBUS, HIKE 6, 1840. —l-- ■ ; WHO H/\S CHANGE*) 2 About tlio time of the first great more for Tip, Tyler and the Tariff in our city, a heretofore prominent IVullifier from our sister State, hap pening to meet one of our fellow citizens, well known as an ultra Federalist, accosted him thus : ‘Good morning, doctor; I am glad to see you, and am truly grati fied that you have come over and we have got together at last.’ ‘Come over,’ says the doctor, ‘ what, sir, me! I come over to you ? No, sir. It is you that have I come oyer to me, and not me to you ; for I have been a Federalist all my life, arjd therefore, sir, it is you that have come over to me.’ The difference was soon adjusted, and they are both now on the same side, ant| our townsman still ad heres to iris Federalism, WE WANT A CHANGE, Is the cry of every clamorous Tip, Tyler and Tariff*man we meet with. A change of what? we have frequently asked them. Oh, only a change, they reply. And it is only for that reason they say that they prefer Harrison to Mr. Yau Boren. We do not know that Gen. Harrison has any principles what ever. We do not know whether he is a bank or anti-bank man, a Tariff or anti-Tariff man, a Federalist or Republican, an Abolitionist or not. We want a change, say they, and it is alone for a change we go. Our principles are Harrison and Reform ; that is, reform by turning Van Bu ren out and putting Harrison in. Now, ought not men, intelligent men, to feel ashamed, when they propose to make a great political change in the administration of the Qqyernment, and can give no better reason than 1 they want a changer Our neighbors of the Enquirer seems to be in extacies (if one would believe them,) at the prospects of ‘ Tip, Tyler, and the Tariff*’ in Georgia, as also throughout the Un ion ; and by way of giving a summa ry of the joyous tidings say, that in Stewart, ‘the reign of Van Bu renism may be said to have breathed its last.’ Now we have just hap pened tojiear a little from Stewart ourselves, and we will go a bottle of Hard Cider fi. e. phampagne,) that the Van Buren Ticket will get a majority of the votes at the Octo ber anti November elections. And we will go them another that the Van Buren Ticket at the next Oc tober and November elections in Upson county will get a larger vote than at the last. And that their majority will not be 200, let alone 400. VVe will go a basket on Pike and Butts giving increased majori ties over last years result to the Van Buren Ticket. And we will go a suit of clothes that Van Buren will get the vote of the State by a majority as large as has been given in the State in the last four vears. W 1 jat say you, gentlemen, can you go it ? THE SUB-TREASURY. There is no measure of the Ad ministration so much abused that is so little understood, as the project of the Independent Treasury. And it seems to us that there is no meas ure connected with the finances of the country, that should be preferred to it. The Independent Treasury plan proposes nothing more than that the Govennent shall collect its dues in the constitutional currency [gold and silver] of the country, and that it shall pay its debts in the j same, that the money to be collected is from the people, and is due to the people, and to them it belongs ; that the collectors are the officers of the people, their agents, and are by them selected and created for that’ purpose; and that instead of col lecting the peoples’ money and lend ing it to a few individuals, in the character of Stockholders of a Bank, that they may use it, the Peoples’, Officers shall keep it, subject to their use, and that it shall be kept and applied to the purposes for which it was collected', and no other whatever. It is objected to by some, on ihe ground that it is an attempt to de stroy the credit system, and uproot the paper currency entirely. It is not so, and can have no such ten dency; but on the contrary will tend! more than any other measure to, make the paper currency sound, to equalize and regulate the exchan ges ; to establish a uniform and, in the language ot the Hon. Lott \\ ar ren, ‘ Judicious ’ Currency ; to pre-| vent these great revolutions in trade! and commerce; to put down ail gambling in speculations by large; expansions or contractions, and to place every* thing on a solid and permanent basis. If the debts due, the Government are collected in; gold*and silver, the banks at alb points and places where llicsc tines are paid, mus* be specie-paying banks, to give circulation to their bills, for if the importer who pays the duties cannot at any time con vert them into specie, he will not receive them from the jobber, nor will the jobber receive them of the retail dealer ; and if none of these will receive them, their circulation is at an end. The batiks of the in terior must be ruled and governed by the same influences, to enable them to keep up their credit, and hence no hank who wished to do a legitimate banking business would ever be guilty of making an over issue. It is objected toon the ground that the Government, by this pro cess, would abslratt from circula tion all of the precious rpefals, and lock them up in the safes of the sub treasurers, this is answered at once by* saying that the Government would never collect more than was absolutely necessary to meet its de mands, and therefore there never could at any time be a greater sum than $5,000,000 withheld from cir culation. As to its effects upon the exchanges, specie will always sell at any one point for its value, at any other point minus the transportation. For example, if any individual to day in Columbus wanted funds in New York, could obtain them there for the same amount in Columbus in specie, he paying the cost of the transportation, and if the Bank of Columbus were paying specie for their bills, the banks would furnish the exchange on these terms tp-day, hut as they arc not, their bijls have become under par. Instead of the high rate of exchanges that is now complained of, therefore, exchange can always, when the banks pay specie, be obtained at par and fre quently below par, that is, without the costs of transportation, when the balance of trade should inclirsp that way. Macon, May 17, 1840. To the Editors of the Georgia Journal. Gentlemen: —As we are destined to dis solve the political connection, for a time at least, which iias heretofore united us, you will be pleased lo allow me to give a few of the prominent reasons, out of many, which have induced me to dissent from the correctness of the conclusion to which you and a large portion of die Slate Rights party have ar rived. IVJy objections to Mr. Van Buren are of an anterior date to that of most of the Stale Rights party. When instructed by a portion ql it, in primary assemblies, to repair to Baltimore to vote for his nomination for the Vice Presidency, I could not consistently with my views of propriety dispharge this proffered trust, and J refused to do so; and he could not now command my suffrage, un less I followed your exampple in making a virtue of necessity in selecting between a choice of evils. Forced to that alternative, I should have no hesitancy in determining in his favor. My predilections for him, there fore, have had no influence on my mind ir, ar riving- at the conclusion that Gen. Harrison is totally unfit and unvyorfiiy of the Presi dency ot’ the United States; and tha 4 under no existing state of facts can I support or ad vance his claims to that office. He is in favor of a Protective Tariff, of Internal Improve ments by the Federal Government, and re cognizes in that government the power to incorporate, and with it to establish a Na tional Bank. So devotedly was he in favor of the Proclamation and {Torce Bill, as to say that General Jackson, in issuing the former, acquired more imperishable fame himself, and achieved more benefit for the country, than had been accomplished by the memo rable and gallant victory at New-Orleans. Superadded to this, he is an emancipator in principle, and holds the Federal and iati tudinous doctrines (fraught with pernicious effects to the southern interest, and hostility to the true principles of the State Rights party) that Congress, by the consent of the States, can appropriate the public domain and the surplus revenue to the manumission of our slaves —thereby, not only compromit ling our rights, by the employment of our own means (o the purchase of our own t property, but making the will of a majority in Congress and the concurrent consent of the States, a rule for the interpretation of the Constitution, instead of appealing to that in strument for its own meaning. No State Rights man, except he be one only in shallow profession and name, will recognize such con structive powers in the Federal Government, and there is no statesman of any party so ineffably stupid, but who will concede the principle, that if Congress has not the right lo exercise this appropriating power without the consent of the States, that their acquiesence, concurrence, or consent, cannot confer it. He was nominated by a combination of the old Federal, Anti-Masonic, and Anti-Slavery parties, tbe latter infusing so much of its feeF ings it. to the deliberations of the Convention, as to defeat the admitted superior claims of the Hon. Henry Clay. He is now placed un der the guardian care of a committee, who deny to him the privilege of answering, and who refuse to answer for him, such questions as would give the constituency a knowledge of his present opinions and principles, that they might be held and adjudged as a guar antee or pledge for his future political course. This Anti-Republican position, I have no doubt, is assumed from the conviction that the discordant materials and political combina tions which have been firmed to promote his success (if he answered at all) would be dis solved by the people, as he could not so an swer as to conciliate the feelings and prevent the forfeiture pflhe support of many who nom : mated him, and, at the same time, propitiate 1 and preserve the support of many State Rights men, who regard principle more than men, and the love of country more than the love of office. The Stale Rights party, so far from participating in his nomination in their Con vention hejd in Milledgeville in December last, repudiated it. The State Rights editors, with j but few exceptions, united with you in sustain ing this altitude of the party ; and, until a few weeks past, nothing but withering denuncia tions of the principles of the nominee were to he seen and read. The concurrent opin ions were that his political principles were ob noxious in theory, and would be not only per nicious, but fatally destructive to every south ern interest in practice. But in these few weeks, ‘through what new scenes and changes have we passed; the wide, the unbounded | prospect lies before us, but shadows, clouds and darkness, rest upon it.’ As to the past, its reminiscences are of no avail, as th v * black cockade principles of the administration of the tltier Adams, and the Panama Mission and Light-Houses of ihe skies of the son, have Collapsed, with that ‘period of time where the memory of man runneth not to the contrary,’ andGene al Harrison is now called by his sup porters here, a Republican of the Jeffersonian school—notwithstanding the Hon. E. A. Nes bit stated in his ad Iress to them, that the high priest of Federalism, Daniel Webster, would or could select his place in the cabinet, and with the knowledge (if Mr. Webster is to be believed) that Gen. Harrison was selected to bear the flag around which Mr. Webster and those who agree with him are !o rally. Thus we have unmasked, all disguic in the extra ordinary efforts now making to carry the State Rights patty into the embraces, and close fellowship and communion with the old Federal, and other fragments of parties, with whom there have heretofore exi te.) no identi ty of principle, sympathy, or fee ling. And to arrive at the climax of political in consistency, such Nuliifiers as Colquitt, Coop er and Black, and those who agree with them, are to he proscribed and denounced as apos tates from the State Rights creed, because they will noi go for the establishment of a Na tional Bank , shout hozannahs to the praise of a superannuated old man, and join in the fu neral dirge, in order if possible, to consign to oblivion, the melancholy visitations of the truth, that the State Rights party once was. Respectfully, your obedient Servan*. H. G. LAMAR. SPEECH OF MR. BLACK, OF GEORGIA, In the House of Represen'atives, April 27, in rda'ion to the reduction of salaries. Mr. Black said, unless it was an extreme case, he was generally opposed to'tlie reduc tion of the salaries of officers. The great majoritiy of those who were employed in ad ministering the several departments of this Government were but poorly paid, if their remuneration might be estimated by the usu al emoluments olqfflcial skill and labor at the South. His constituents, he was persuaded, were more concerned to procure honest and efficient service, than to ascertain the very lowest salary upon which a man who aban doned all other occupations, might live with out actual starvation. But, sir, (said Mr. B.) I cannot refrain from an expression of surprise at the very extra ordinary course which this debate has taken. The Whig parTy on this floor, I speak of them as a party, have upon almost every oc casion during this session, loudly complained of the lavish and improvident expenditure by this Government of the people’s money.— They have, day after day, and in almost eve ry debate, whether relevantly or not, charged tit's Administtation with fraud and corruption in the disbursement of the Federal revenue. They were, it had seemed, the rpeu, par ex cellence, of retrenchment, reduction, and re form ; they have taken all that matter info ihetr own hands, and accordingly the gentle man from Indiana [Mr. Profithad himself originated a measure in this House by which the salary of the Commissioner of Pensions was reduced from $3,000 to $2,500. This was a Whig measure, originated and intro duced by a prominent and able man of that party, and although voted for generally by both parties, succeeded rr.a'nly by ihe strength of the opposite vote. So far, these gentlemen appeared to be acting, at least in this case, in strict conformi ty with their professions; and you may well imagine my surprise at the disposition mani fested this morning to undo all they had ac complished in this instance of reduction. Il seems that a Whig official is to he made the first victim of this retrenchment; and unwil ling to supply a martyr from their own ranks, they are the first to turn on their heels, and refuse to make a practical illustration of their own peculiar system of reform. Sir, how stands ths case? The gentleman from Indiana [Mr. Profiiit] acknowledges the paternity of the act of reduction. Belbre the passage of that act, the salary of the Commis sioner of the Pension office was $3,000, and inserted in the appropriation bill now tinder consideration. The chaitman of Ways and Means had moved, in accotdance with that act, to strike out $3,000 and insert $2,500 ; and, to the astonishment of the House, cer tain gentlemen of the Opposition, with whom this very redaction originated, refuse to make the reduction, although required to do it by their own law. Mr. B. had understood that Colonel Edwards, the present Commissioner, was a Whig. If it be so, does that fact elicit the present oxtraordinary opposition of cer tain gentlemen to making this official the first practical example of retrenchment? And do they nowcontend lor a virtual repeal of their own act, by refusing to insen its ‘retrenching provision into th s civil and diplomat c bill, beeause it will operaje on one of their own friends ? But, independently of political considera tions, how, asked Mr. 8., can gentlemen con sistently get round this law, which is of full force, lately passed, and is now among the statutes of the United States. That law, 1 understand, is imperative. If this House ever had any discretion in the matter, they exer cised it when they passed the act ol reduction; that having been done, they can no longer inquire into the expediency of reduction, but are bound to make the appropriation in accordance vyith the law, as it was written. If reform is the object, now is your time; and in order to convince the people of the United States of your sincerity and disinterestedness you now have an opportunity of making a practical illustration of your own theory of reforrm upon an officer, however worthy, of your own political complexion. Mr. 13., whatever might be his opinion of salaries, ; would be compe!led*to vote for the motion of | the chairman of the Committee of Ways and Means, and to reduce ihe compensation, in \ obedience to the law, from $3,000 to $2,500. After some debate between Mr. Briggs j and Air. Black, Mr. T ‘iiompson of South Carolina spoke | at some length in defence of hi* position, and j the part he had taken in the transaction ; and I in the course of his remarks expressed his ‘ regret (hat the salary of the head of the most ‘ laborious bureau in the Government should : have been reduced to relieve another office, j wl ich was almost a sinecure. He ri'sc'aimed with warmth the charge of Mr. Black, ob serving that no man would do so who was ; possessed of any honorable feelings himself, ; ar.d he asked the gentleman from Georgia to say explicitly, whether he meant in impure to I t i n(Mr. TANARUS.) ‘ taking the back track’ tut this I i em in the bill, because the gentleman who filled the office of Commissioner was in his i politics a Whig ? Air. Black said, l c had been unfortunate that, in the very few words he had uttered, he should have run foul of a gentleman so i sensitive. The gentleman from South Caro ‘ lina knew enough of him to be satisfied, that f it was his intention to insult him, he should I do it openly : but if the g* ntlcmon thought to ] draw him from the ;i. ve*lig®Lau of tire ruse | of any member of that House fy making it a. : personal matter, he was at a 1 ! times sul j ct to bis’call. {Jehad spoken of and alluded to the politi cal course of a party ; he had made no per sonal attack upon anv man; but on the con trary, had directed every word he had said, as he ventured to believe every other mail in the House understood him, to the poll Leal principles and policy of the party to which the gentleman from South Carolina belonged. Air. Thompson here attempted to resutno the floor. Air. Black called on the Ifousa to permit him to proceed ; he did not intend patiently to submit to be put down upon this occasion. AI v T nojtrsoN claimed the floor when Air. Black said, if it was intended to cut him off from any other remarks, why of course lie had nothing further to say. Air. W. Thompson asked the gentleman whether he imputed to him the motive to re peal the act, because he (Mr. TANARUS.) was influ enced by considerations that the Commission j cr was a Whig? j Air. Black. D ics the gentleman expect to | confine me to categorical answers? He would not submit to it here or elsewhere. He thought he had said enough to reluase the gentleman from any personal imputation. Air. Thompson said he had now asked the gentleman twice, and lie still refused to an swer. AIrT Black said he had not refused to answer. Air. Thompson said, well, then, I give the gentleman an opportunity now of’ answering. Air. Black. Then take vour scat, sir, Wl.cn the gentleman docs that, I will answer him. Mr Thompson accordingly took his sent. Air. Black then proceeded to ren a k, that il the gentleman thought of obtaining that bv the force of a frown or a scowi which he was unable to obtain by argument from him, he was mistaken. In the remarks he had been making, he was alluding, as lie had before said, to the political movements of a party, and was not to be deterred by any personal considerations whatever. What! had it come to this, that a member could not got up here to question the course of a party, without being required to make personal explanations? If that were submitted to, it would be a speedy and sure way of shutting up their mouths at once; of intimidating them into silence, and of preventing an exposition of party policy and political manoeuvring. lie would bring this personal explanation io a close by repeat ing what he had before said, that lie had no intention of alTacking any body personally, or to impugn their honor as me* lie l.pd at tacked their political course. He had no oth er explanation to offer. Air. Thompson accepted the explanations and, in the pourse of his reinaiks, said fbM whenever he should go out of his way to tell people that they could not browLcat him, he, should think himself a fit subject to be brow beaten. ** Air. Black. Whenever the gentleman will say that I have Roasted that I vvt’s not to he browbeaten, I will make a reply. Air. Thompson said he was willing to take the gentleman’s explanation, as disclaiming any imputation on his motives, and as admit ting that his conduct had been upright and proper. Air. Bl.\ck. Upright, but upl proper. PUBLIC MEETING* IN SCRIVEN. I’uL-uant to previous notice a meeting of the citizens oWScriven County, assembled at Jackeonboro, on Satuiday, May 15th, 1840, Isaac Rryan, Esq.'was called to ihe Chair and E. B. Gross, appointed Secretary. Benjamin Green, E-q. moved That tiiq Chair appoint a committee of eleven to pre pare a preamble and resolutions, expressive of the sense of’ the meeting upon the propri cty of the recent recommendation of W. JL Harrison, by a portion of the people of this State, for the Presidency: Whereupon the Chair appointed Curtis Humphreys, l)r. It. 11. Saxon, John F. Lovett, M. N. AlcCalbe, L. AI. Strickland, William Cox, Jacob Bry an, Elijah Roberts, William A. Hotchkiss, Alexander Kemp, and Lewis Conner, tha[ committee. The committee retired, and after a short absence, returned and made the fol lowing report, which was unanimously adopt ed : REPORT. The cii'zms of Scriven county, ever alive; to the preservation of their principles, and jealous of any movement calculated to trans fer them from their old faith to the support of Federalisty and the Rank, have heard with unfeigned regret of the resolutions recently adopted in various sections of the State, by which Wm. H. Ha rrison was recommended as a suitable person for the Presidency. The citizens of Scriven county, see in those rcsolut ons, the first overt act of' a small frac tion of the people who have never in their opinion, been imbued with the glorioi s doc trines of the Virginia and Kentucky resolu tions, or free from the corroding influence of a United States Bank. They know that Wm. If. Harrison was an advocate of the first and second Adams, front both ol whom lie received office —and of hpth of whom he expresseJ.liiinself the warm ad mirer and cordial supporter; consequently committing himself to the alarming principles of the alien and sedition laws, which were the immediate offspring of the old black cockade federalists; and consequently approving (tie abortive attempt of John Q. Adams, to drive the State of Georgia into a dishonorable sub mission to the General Government, in the ever memorable contest in which * Troup and the Vrcyty became the watch-word of every true hearted Georgian. He is a Bank man in the worst sense of the word—againsf it ori constitutional grounds—but for it ‘ if neces sary which is at once p declaration that ex pediency ahull override constitutional scruples, a doctrine which would, if adopted by the people, speedily obliterate from the pages of the constitution any and every restriction upon the powers of Congress. With regard 10 southern slavery he has not even the merit, 11 it he one, of ambiguity. He has declared he abhors it from his soul, and while he does not approve of the attempt to abolish it thro’ the agency of Congressional enactment, he is anxious to appropriate the surplus revenue of the United States to effect the consummation, of what he ca'ls. in the cant phrase of aboli tionists. human liberty. Born in a slave [.old • ing State, in ‘he land of Washington ’ arid Jefferson,he ai'an early day expatriated him ■ self, and abandoned his native Stale for a region where he fondly hoped to find a ma jority of sentiment more congenial to his lanatical ideas of Universal Freedom , and when he left the soil of tile ‘ Old Dominion 1 he ‘ thanked his God he had that day got rid of Virginia negroes and Virginia politicians.’ He hopes to live to sec the day when the North American Sun will not look down on a slave, &. as if to out Herod himself in Ins wild crusade, lie has voluntarily procured a certifi cate from Judge Catch, <1 \ irg.nra, to prove that lie (Harrison) is a member ot an aboli tion society, and solemnly avers that ail the obligations he came under when he joined j sans society, lie lias faithfully pei formed. lie advocatcs internal improvement by the Gee- [NO. IC.