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THE CONSTITUTIONALIST. ] JAMES GA HDNER, JR. TERMS. Daily, per annum $8 00 Tri-VVeekly, per annum 6 00 it' paid in advance... 5 00 Weekly, per annum 00 If paid in advance 2 50 To Clubs, remitting $lO in advance, FIVE COPIES are sent. This will put our W eckly pa per in the reach of new subscribers at TWO DOLLARS A YEAR. who wHJ pay up arrearages, and scud four new subscribers, with the money, can get the paper at $2 00. . rj-y» yi new subscriptions must be paid in ad vance. jrpPostagc must be paid on all communication? and letters of business. [F, am the N. Y. Journal of Commerce, 16 th imt.] , Arrival of the French Steamer Union. 11 DAYS LATER PROM EUROPE. The steamer Union, Capt. Hebert, arrived here this morning from France, bringing Paris papers to the 31st ult., which contain London dates to the evening of the 28th. W e are in debted to Capt. H. for papers to the latest dates. The accounts from England are not favora -11 •• Several heavy failures had taken place | since the date of our last advices. A letter from London of Aug. 27th, pub- j lished in the Journal des Debuts, says it was rumored that the Bank of England would shortly, reduce the rate of interest. The result of the harvest in England is very satisfactory. The Potato crop in the British Islands, has generally escaped the rot. The steamboat Cricket exploded on the Thames, causing six deaths —there were 150 passengers on board. The Hibernia reached Liverpool on the 28th of August. The Queen of Sicily has given birth to a prince. He is named Philippe-Louis-Marie. A letter from Lemberg, in Austrian Galli cia, dated the 16th, says : “The authorities ! have found it necessary to put a stop to the daily processions of the inhabitants to the bu rial place of the two Poles who were recently executed." Ab del Kader has sent a letter to the Queen of France, Amelia, requesting her to lend her a distance in the negotiation of peace between him and the French government. The King of the Two Sicilies has reduced the taxes throughout his dominions, especial ly that on salt; It is said that it will cause a deficit in his treasury of several millions. The Duke of Praslin, a peer of France, be ing infatuated with a paramour, assassinated his wife, and then poisoned himself with ar senic, while in prison, pending the examina tions instituted in reference to her death. The lady is said to have been distinguished for her virtues, as well as for the eminence of her po sition, and her death caused much agitation in the public mind. Steamer Great Britvin. —The long con templated attempt to get off this celebrated steamer, came off on the 21st ultimo, and proved to be a total failure, although aided by a government steamer of six hundred horse power. No hope remains to rescue her; and no other like effort will be tried again. London Stock Exchange, Aug. 27, two o’- block. A somewhat better feeling prevails in the Money Market to-day, and money being slightly easier prices are rather higher, but there is very little speculation going on. The j support of purchases by capitalists and others uic mnected with the “house" is needed to impart activity and confidence, as the dealers cannot absorb stock from day to day when of lc ed for transfer. August 28, Two o’clock.—ln the Consol Market business has been very dull this morn ing, but prices have not retrograded. For money the price opened at 87$, was afterwards 7, but has now resumed the opening fraction. For account the range has been 87| te 8, the latest quotation being 87}. Another Failure in the Corn Trvde.— We have ts announce the suspension of pay ment by the old establisded house of Messrs. Woodley. We understand that the assets of the firm are considered good for 20s. in the pound. The liabilities are stated to be near £150,000. This occurrence, together with the foreign arrivals of grain and the pressure of money, have had an unfavorable effect upon prices, and in some instances a considerable re duction from last Monday's quotations has been submitted to. Another Great Failure. —We have again to report another deplorably important failure, arising out of the insolvencies of other houses and transactions in the corn trade. The high ly respectable houses of Messrs. Castellain, Sons & Co., found themselves under the ne cessity of declaring their inability to meet their engagements last evening. The liabili ties are about £ 145,000, and the nominal as sets at about £135,000; although, of course, these will show a considerable depreciation in the winding up.— Mark Lane Express. The failure of Messrs. Lyon and Finney, i general merchants, at Liverpool, is announced. This event has been caused by transactions in corn, and the liabilities are believed to be large. The losses in connection with it will chiefly fall in New Orleans and in London. — Times. Failure in Dublin, — A respectable house of old standing, says a letter just received, re cently connected with the corn trade, has sus pended payment. The liabilities are esti mated at £40,000. The Bank of England appears to have been more liberal to applicants for discounts within the last two days, though charging 6 and 7 per cent, according to the papers offered. The failure of Dickson & Co., at Belfast, and con tinued rumors of other houses here and at Liverpool, place the discount houses in some perplexity as to the bills which they can safely accept, but even they have better means of in formation than the merchants at large.—Lo«- don iSun , 26 th. Paris, Aug. 27th. —The city of London is under great excitement consequent upon two very important failures —that of the house of* R. Robinson, whose head was num bered among the governors of the Bank of England, and that of the house of Casteliain & Co., the head of which was Consul General of Belgium. These two houses appear to have suffered much by the failure of the house of Fraser of Antwerp. —Le Commerce. Paris, Ang. 26th.—The commercial fail ures which are daily declared at London, lead us to apprehend that the Bank of England has decided to raise anew the rate of interest. —Le Commerce. English Election. —The result of the elec tions for England and/Wales, completed, ex hibits —Liberals 251; Peelitos 91; Protection ists 165; giving a total 0f507. The Post gives the numbers as follows: Returns ascertained —Protectionists 287; Liberals 819; Peelites 86; Nondescript (Lord Seaham) 1 —643. Returns not yet made; Kilkenny County 2; Orkney 1—656; Sudbury disfranchised 2 —658- — Globe . Forest on Fire. —The fire in the forest of Donner, Prussia, which commenced on the 26th July, still continued on the 2lst of Au gust, i. c. 23 days, ill spite of the immese es- forts to extinguish it. More than 500 men have been employed for this purpose many days. The forest of Donner belongs to the State. The value of the trees which it con- j tained when the fire broke out, was estimated ! at 25,200,000 francs, or about $5,000,000. Spain.—A new ministry is said by El Clamor ! publico of Aug. 24, to be appointed, to consist of Narvaez, minister of foreign affairs; Sala manca, of finance; Sotelo, of marine; Cordova, of Avar; Ros y Olano, of the interior; Vahey, of justice, and Escorusa, of commerce and public instruction. That paper protests against the anti-constitutional composition of the proposed cabinet, and predicts for it a vigor our opposition. The other journals of same date make no mention of it. Portugal.—We have Lisbon correspondence to the 16th ult. Ministers had resigned on the 13th in conformity with Lord Palmerston’s de mand, and a ministerial crisis had continued to subsist from that moment till the sailing of the packet. Senor Rodrigo Magalhaens, after six day’s vain endeavours to form a ministry, would probably have eventually to decline the ' tasks. Italy.—The Austrian government declares its right to menace the Roman States with the garrison which the treaty of Vienna allows it to keep at Ferarra and Comacchio. After this much in reply to the protest of the Car dinal Legate of Ferarra, the Imperial Govern ment repudiates every imputation connecting it with the conspiracy crushed at Rome on the 16th and 17th of July. Pius IX. renounced the assistance of foreign powers. In view of this, the late conspiracy aimed at involving him in embarrasments which should constrain | an appeal to Austrian protection. The Imperi | al government denies any participation in this | project. But the Paris Commerce has little faith in the protestations of Metternich. It is evident, says that paper, that in reference to Italy, Austria is full of hatred and black pro jects. But the attitude of the Papal govern ment and the demonstrations of the populace, together with the tendencies of the Court of Turin, inspire it with serious fear, causing it to let, “I dare not wait upon I would.” The Austrian official journal at Milan char acterizes the state of things at Rome as a “chaos of absurdities brought about by ignorance joined to fanaticism.” The Alba, a Florence paper, says that the Holy Father has determined to transfer the government from Rome, rather than yield to the Austrians. Paris, Aug. 28.—1 tis reported on ’Change that 20,000 Austrains are about marching through Tyrol, to reinforce Marshal Radetski in Italy. This news has been brought to the minister of foreign affairs by an extraordinary courier. If true, it goes to confirm the opin ion we expressed yesterday, of the little pro bability of a definitive evacuation of the town of Perrara by the Austrians. Switzerland. —A private letter from Gene va, dated dated August 26th, announces that a collision appeared to be inevitable between the troops of Berne and those of Lucerne. The action once commenced, (says the letter,) the radicals will push matters on there with a vigor that will put an end to the hesitation of the Diet. Egypt. —We learn from Alexandria that on the 7th about 15 minutes before 8 in the morn ing, the city was visited by continuous shocks of earthquake which lasted from 20 to 25 se conds —at first horizontal and afterwards ver tical, running in the direction of east to west. Being much more violent than any preceding ones, the inhabitants were greatly alarmed,and ran from the town into the fields. Two small cottages or huts were destroyed and the walls of a few houses were cracked, but this was the extent of the damage done at Alexandria. Cairo, which was also affected by the shocks and at the same moment, suffer ed more severely. China. —The Colombo (Ceylon) Timer of ' 16th July, received at Liverpool, contains an alarming report on the subject of the relations of England with China. It is stated that the attack upon the Bogne forts has excited a general feeling of hostility against foreigner?, and especially the English. It was also re ported that the foreign Consuls have been con strained to leave Canton, and that the Eu ropeans were preparing to follow them —This news,it is said, was brought to Colom bo by passengers in the steamer Haddington, who had received it from the captain of a ves sel sent from Canton to Calcutta to ask rein forcements for the garrison of Hong Kong.— [The London Globe expresses doubts of the correctness of this news.] MARKETS. Liverpool Cotton Market. The Liverpool cotton report tor the week in Messrs. Holt’s circular, is as follows Aug. 25th— “We have passed another dull week in our cotton market, the same depression existing in Manches ter is in this place. In the present state of the commercial world, and under the increased dilli culty of discount, a more prosperous course of < things, even for cotton, could hardly be expected. With regard to the article of cotton itself, the pre sent stock, and the prospect of supply, there is no grou d for depression, but the contrary. The quo tations of prices remain as before.” All sorts of provisions are rapidly falling in price in Ireland. The Limerick Chronicle states that cargoes of Indian corn have been offered for the freight; and with no astonishment, when new wheat is offered at 13d. per stone and no purchasers— and potatoes are selling at sd. per stone, according to the Kerry Examiner. We are all in better heart, rejoicing in the present and hopeful for the fu j ture. —Dublin Journal. LIVERPOOL, Aug. 28. Cotton. —New Orleans 6J a9; Georgia of the depressed state of money matters; 8009 bales sold last week. Flour ruling from 24 to 275. Wheat from Is. to 2s. lower than last quotations. LONDON, Aug. 27. Cotton. —Prices steady, and a fair business done. Sales of the week were 4500 bales, at 4§d.to 4£d, for mid. to fully fair. Our Liverpool correspondent says, “Our market pre sented a dull appearance, the trade being the chief operators, but prices in most instances, are main tained. From the manufacturing districts accounts state that nearly all articles continued very much depressed, and in some Cases low prices had been obliged to be submitted to. The following are given as the riding quotations : Sea Island, 12£d to 17d.; stained, 7d. 7£d.; bowed Georgia. to Bd.; Mo bile, 6Sd to 7|d.; Alabama and Tennessee, to 7i|d.'; New Orleans, 8d to B|d.; Pernambuco and Paraiba, Bjd. to BAd.; Bahia and Macaio, to B|d ; Maranham, 7|d. to Ogd ; Sawginned do. 7Jd. to7£d.; Egyptian, l\<\. to9}d.;Com. W.lndia,&c., B£d.; Surat, 4]d. to s|d.; Madras,4sd. to s|d. HAVRE. Aug. 30.—Cotton per killog’ms —New Orleans, ord. IJ2; low mid. 95; mid K 9; good mid. 104; fair, 109; Mobile, ord. f 92; low mid. 65; mid. 100; good mid. 103; fair 107; Georgia and Florida, ord. fJ2; low raid. 95; mid. 99; good mid. 103; fair 105. Wheat per 200 kilog’ms, 140 a 60. common to superior quality. Flour, per bbl., New York, 133 50 a 34 st; do. New Orleans, 133 50. Extracts of letters received in Charleston. “LIVERPOOL, Aug. 27.—Our Cotton market has been rather dull, and prices occasionally in fa vor of buyers; however, the week do cd without any material change in American Cotton. Sales to-day 3000 bales. The sales this week amount to 20.710 bales, including 1600 bales on speculation and 1,630 bales, for export. The following were the sales effected, viz : M 0 bales Sea Island.... a 22£ 40 Stained 6 a If) 2.980 " Upland » ?| 3,200 « Mobile 6j a 7} 9,460 “ flfew Orleans . 6 a 9 10 “ Pernambuco a— -40 “ Bahia .. B.| a— -630 “ Maranham ............... 7 a Sf 510 “ Egyptian 7J a 9? 3,650 Surat 3£ a 5f 20.710 bales. “The- import? during the same period amount to 26,269 bales. The quotations are—Upland, ordina ry 6|. middling 6|; fair 7|, good fair 7|, good 7s; Mobile, do, do 6|, do. 6J. do, do,7£, do. 7J; New Orleans, do. 6£ a 6iJ, do. 6J, do. 7£, do. 7J, do. B£. I -1817. 1846. Total imp’ts since Ist Jan,. 748.734 ags’t 956,181 Sales 1,0.3,660 “ 1,213,750 Consumption 715,174 “ 970,471 Exports 83,040 “ 97,080 Speculation 267.940 u 176,500 i Total Stocks 389.480 “ 773.210 Os which. 305>50 U. S 646 270 HAVRE, Aug’. 36’. Cotton. —Since the receipt of the advices from the United States by the Sarah Sands steamer of 4th inst, our market has been daily characterized by an animated demand, as well from the trade, as on the part of speculators, which latter, however, have directed their atten tion exclu?ively to operations for future deliveiy. The transactions duringthe past week, have there fore been to a rather considerable extent, an pri ces of ordinary American descriptions, which were those chie fly sought after, hare experienced an ad vance of f.l; but this has been confined to the pur chases for consumption, the sales to arrive having been etfected at previous rates. From the impres sion produced by the above advices, we should probably have had to notice a greater improvement in every respect, had not the unsatisfactory nature of the accounts from England cast a gloom over the mercantile commun ty, which has in a great mea sure tended to damp the speculative spirit that manifested itself. The advance obtained is to be chiefly ascribed, if not wholly so, to the moderate stock of Cotton on hand; for notwithstanding the activity that has been displayed in the buying, the lateness of the season for extensive operations, and the uncertainty as to the coming crop, coupled with the apprehensions excited by the crisis in finan cial matters, to which no term can yet be assigned, evidently act as a restraint upon the demand, and in a great degree check that feeling of confidence that would otherwise have been develo|>ed. Sales from the 2 3d to 30th August. — 1988 bales New Orleans, duty paid, f. 87 a .00; 550 Mobile, do. f. 97 a 104; I 483 Upland, do f. 91 a 104; 1560 New Orleans, to arrive, f. 101 a 102; 850 Mobile to arrive, f.lOl a 102; 1131 Cnmana, f.9oa 106. Total, 10,547 bales. [/'Vom the N. O. Delta , loth inst.] From Texas. The steamship Yacht, Capt. Crane, arrived yesterday from Galveston. From the papers which she brought us we make the following extracts: We have received a letter from a gentleman residing in Navarro county, says the Houston Star of the 9th inst., in which the writer men tions that an unusually large number of Indians have appeared in that section. They all pro test to be fricndlv, and have in no instance at tempted to molest the settlers; but the writer thinks the appearance of so large a number of Indians is an unfavorable indication, and he is apprehensive that they may become hostile when they ascertain the weakness of the set tlements on that frontier. It is believed that I many of these Indians have removed from | Arkansas and intend to settle in the territory j between the Trinity and Brazos. Iron Mountain in Texas. — We have recently i been informed by an intelligent gentleman who j resides in Fredericksburg, says the same paper, j that the surveyors who have been engaged in I running the boundary line of the German colony, have discovered a mountain near the Conchos river that consists entirely of iron ore, Our informant states that a portion of this ore has been smelted and yielded seventy per cent, of pure iron. According to the representation of those who have visited this mountain, it re sembles the celebrated iron mountain of Mis souri. It is not so large as the mountain in Missouri, being only four or five hundred feet high and probably half a mile in circumference, t We are informed, however, that a range of hills extends several miles north of it, that appear to be composed almost entirely of iron ore. If we can rely on the statements of the hunters and surveyors who have visited that section, the iron mines that have been discovered there are inexhaustible. We learn from a gentleman who lately arriv ed from Bexar, that a large number of Mexican ! families have removed from the liio Grande to that town, and others are expected to follow them this season. These families, however, possess little property, and appear to have re moved from Mexico to avoid the oppressive exactions of the numerous guerrilla parties that now infest all the eastern States of Mexi co. According to their representations the people in the valley of the Rio Grande are in a deplorable condition. Unprotected in any manner by their own government, almost wish ; out laws or officers who are empowered to restrain marauding bands of their own coun trymen, or to check the incursions of the sav i ages, they are unable to enjoy the least sectiri |ty of person or property. It is not surprising, i therefore, that the Mexicans should desire to emigrate to a country where they will be ex empt from these evils. It is probable that hundreds of Mexicans families Wotlld remove to Bexar, Laredo or other towns of Western Texas, if they were not restrained by the fear that they would be treated as intruders by our own people. We are happy ter learn that these families have been treated with great kindness, and express much satisfaction that they have at la t found a home Where they can ciyoy security ftnd peace. The number of Mexican votes that will be polled in Western Texas, at the election in November next, is estimated at about 3,000. Mexican Sheep. —Several thousand bead Os sheep, says the same paper, have lately been driven from the Rio Grande to our settlements on the San Antonio and Guadalupe. These sheep we learn are purchased on the Ilio Grende for three or four bits a head, and the expense of driving them to our western frontier is comparatively trilling. We have before mentioned that the raising of sheep has be-, come one of the most lucrative branches of agriculture in that section. The sheep feed on the prairie grass throughout the year, and require little more care than the wild deer. Their fleeces are not so large as those of the sheep of Ohio and Kentucky, and the Wool generally of a coarser texture: but we entertain no doubt that the quantity and quality of the wool ean easily be increased by a proper system of culture, so as to equal that of Spain or Sax ony. w The following paragraph is also from the Star of the 7th inst.; Drought and the Crops. —We were not appris ed until within a few days that the drought that has prevailed in the undulating region, had been so extensive and disastrous. We have been informed that it has seriously injured the upland cotton, through the whole tier of coun ties from San Antonio to the Trinity. On the San Antonio, many of the settlers have been compelled to cut up their corn, as it was with erin'* in the fields. The settlers near Bexar have raised so little com that the crop is insuf ficient for the consumption of the citizens, and large quantities have been transported from the Guadalupe to that town. It is selling at Bexar for a dollar a bushel; but on the Gua dalupe it is valued at three bits a bushel. We are informed that the Cotton has suffered more upon the uplands than the com. In many places but little or half a crop will be made. In all the bottom land however the crop is immense, and some of the planters are already complaining that they cannot procure hands to pick it out as fast as it matures. News from the Frontier.—We learn from Mr. Barnard who lately arrived Aom Torrey's trading house on the Brazos, says the Hous ton Telegraph, of the 6th inst,, that the In dian Agent, Maj, Neighbors, expects to meet delegates from several of the bonier tribes at the trading house, on the 25th inst. Rdnners have been sent to the Camanchesy Wacoes, Caddoes, Towaocannies, and their associate tribes, and many of their chiefs have agreed to hold a council at the trading house on that day, or at the next full moon. A large quan tity of presents will be forwarded to the trad ing house, to be distributed among the friend ly tribes. Santa Anna, the war chief of the Camanches, Payayuca a Mopechusen, will probably attend the council. It is rumored that the Lipans and Mescalores have gone to wards the Rio Grande, and have become hos tile; consequently it is not probable that they will attend this council. A large war party of Camanches, commanded by the chief “Bro ken-leg," has recently gone towards the liio Grande, to make a foray upon the Mexican settlements. The Waco chief denies that any of his warriors were engaged in the alatek on the surveyors near the San Saba. He says none of the Wacoes have visited the Colorado this summer. This statement Is in part con firmed by the Delawares, who intimate that the surveyors were killed by the Caraan ches. Bexar. —Several Mexican traders have late ly visited Bexar, and purchased a large quan tity of goods. Some of them brought a quan tity of silver in bars. This silver is remarka bly pure. We learn that there are several sil ver mines in the vicinity of Santa Rosa and Montclova, which are quite productive; and as the government can no longer monopolize the profits, the people in that section will proba bly work them to a greater extent than they have been worked in any previous year. The trade of Bexar would doubtless be increased to a great extent, if a company of rangers were stationed near the Nueces, on the route to the Presidio. The Austin Democrat mentions the arrival, at San Antonio, from Camargo, of Mr. Moses Evans, in company with the “two Mr. Meads, who were so distinguished for their kindness to the Santa Fe prisoners, at Guain Whauita." The Democrat says : These gentlemen say that from Guain Whauita to Monterey thev saw no soldiers, no £*uerrillas. They passed through San Luis Potosi, and found that city entirely evacuated by the troops. They have all been called to operate in the defence of the capital. Be tween Monterey and the Rio Grande the roads are everywhere infested with guerrillas; so much so as to render it extremely dangerous for small parties to travel them. (Glen. Taylor being well apprised of this, furnished some fifty or sixty men to escort the Messrs. Meads from Monterey to Camargo. These gentle men state that at Guain Whauita all foreign ers, without distinction, were compelled to be under arms for two months prior to their de parture, for fear of an indiscriminate massacre, which was seriously threatened. The Mexi cans suspected the resident foreigners of dis affection to their government, and as it was well known that the Messrs. Meads had paid marked attention to the wants of the Santa Fe prisoners, in 1842, they were strongly sus pected of leaning to the side of the Ameri cans now; so much so as to render it highly hazardous for them to remain longer in Mexi co. They have removed to San Antonio with the purpose of becoming permanent citizens of that place. They have both got large fami lies, and having brought the most of their val uable furniture with them, their conveyance wagons, carriages, &c., made quite an interest ing display as they entered San Antonio.— Those generous Irishmen (the Messrs. Meads) were received by the citizens of that place with that warmth and cordiality, which they were so much entitled to, and which must have caused emotions in their benevolent hearts more easily imagined than described. Several of the Santa Fe prisoners were in San Antonio when those gentlemen arrived there, who were not less surprised than delighted to see their old friends and benefactors in Texas, and every attention and hospitality were ren dered to make them welcome and happy. These gentlemen are known to and are old personal friends of one of the editors of this paper. They have been for several years in extensive mercantile business in Mexico, but person and property becoming so insecure there, and having no social or political sympa thies with the people, they have wisely left it to settle under institutions more suited to their feelings, and, we doubt not, their perma nent interests. 31 ugn 0 1 a, Georgia. TOBSOA* MORNING. SEJPT. 21. FOR GOVERNOR HON. G. W. TOWNS. OF TALBOT. Justice to General Clinch* The advocates of the election eff “Ehe Hero of Withlacoochie” and “the Financiering Ex- President of the Bank of St* Marys’ 1 to the Executive Chair of Georgia, have betrayed, and with reason, great restlessness Under the ripping Up of one of his Dank transactions. He and his friends have chosen the mum policy in reference to that Bank affair and those Pleas in Court. They act we presume on the maxim, “the least said the soonest mended." Now it is not for us to quarrel with a policy no doubt maturely considered and deliberately acted on by those most interested. If General Clinch has been advised that it was his best policy not to make a full and frank disclosure over his own signature of that dark and mys terious Bank transaction, to which those ex traordinary Pleas of his Attorney refer, and with which he is identified by those Pleas, and will remain so until the disclosure is made, be it so. It is no affair of ours to clear up the mystery. We are content with such conjec tures as spring up naturally “from the lights now before us." If however, General Clinch chooses to clear his skirts of all suspicion of being involved directly or indirectly in giving 9 notes, or being privy to the giving of notes to evade the requisitions of the Charter of the Bank of St. Marys , or in the more gentle phraseolo gy of his Pleas filed by his Attorney, “to com ply with the requisitions of a certain Charter," which Charter required the Capital Stock to be paid in gold and silver, there is one chance for him—that is for him, under his own pro per signature, to give the histor y of that SIOOO note —to state for what it was given—whether in fact he did get consideration for it, and what consideration, and to state why he re fused, and still refuses to pay It. lie should moreover explain how that transaction got mixed up with other transactions in the Bank of which he was President, so that his own Attorney should have been so widely mis taken in reference to the consideration. He should disclose what he had told his Attorney in reference to his own dealings in the stock of the Bank, and giving notes for stock, from which his Attorney actually came to the con clusion that he had been engaged in a scheme to evade the Charter by giving notes: For that Mr. Preston believed this, whether it was true or not, is manifest from the Pleas which he filed. He should disclose to the public what were in fact his dealings in the subscrib ing to said stock, or in purchasing from those who had originally subscribed. He should disclose whether any tricks or schemes had been resorted to or attempted within his knowl edge by any of the stockholders, to accom plish the purposes set forth in those Pleas, and if he knows of any such, he should show up to the censure of the public the parties really guilty and thus exonerate himself. H he sees proper to do this, we will publish this disclosure and exoneration. In these our columns in which appeared those tell-tale Pleas, we will publish all Gen. Clinch will say in his exoneration. We will do him this justice. We have published all that has been published by his recognized champions in his defence. To wit—Mr. Preston, his Attorney, and the editors of the Savannah Republican. We have published Mr. Preston’s first letter, which the whig editors snapped at and hailed as “a full and satisfactory vindication.” It did not turn out to be quite such a full and satisfactory vindication as they hoped, and Mr. Preston published another letter in the Republican. This we also published. We did l more. We published the editorial of the Sa vannahßepublican entitled“ Slander Refuted”— an article not only rich in staring capitals, but garnished plentifully with indexes pointing to the so called refutation. Refutation for sooth! Its striking, palpable want of candour, its evident holding bock of important facts which the public is entitled to knolv, has left the Ex-President of the St. Marys Bank in quite as awkward a predicament as that in which it found him. The public mind, we think we may safely assert, has settled down Upon the conviction that there was foundation, in fact, for the Pleas filed in defence for General Clinch, and that the following deductions suggest them selves. Ist. That some mode had been adopted by one or more of the stockholders to comply literally with the terms of charter by borrow ing gold and silver, or their equivalent, and paying the same over to the commissioners. 2d. That these terms Wefe literally compli ed with, with the understanding that the Bank, when it got into operation, would lend the favored stockholder the money to replace what had been borrowed for the purpose.— Thus the Dank handing back to the stock holder the gold and silver he had paid in, and taking his note in their stead. By this means, substituting a stockholder’s note in the place of capital stock. 3d. That by this means, though the Bank may have gone into operation with the full a mount of $50,000 capital stock in gold and silver, the Commissioners thereby acting in good faith to the public, that the stockhold ers who afterwards became Directors, Gen. Clinch the President among them, became amenable to the public censure for an actual evasion of the charter. 4th. That Gen. Clinch was either a stock holder, thus favored in the first instance, or ' the note he gave, and on which he was sued, : was substituted by him in the place of one given by the favored one, Gen. C. thus tak ing his place, and receiving or being promised a transfer from him of the scrip for the capi tal stock so subscribed for. The public, we believe, can come to no sat- j isfactory opinion, either in law or ethics, why the note was not paid, and how a Plea of failure of consideration could be expected to be sustained. When Gen. Clinch discloses what the note was given for, if it was not giv en for what his Attorney asserted it was given, the world can better judge of the validity of the Pisa. The transaction is still veiled in mystery. When it is cleared up by him who alone can clear it up } we will cheerfully publish the dis closure. We shall not desire to do injustice by sup pressing a vindication, and therefore repeat our offer to publish any statement General Clinch may see proper to make. If he thinks he cannot make a satisfactory explanation, “the least said, the soonest mend ed” maybe, for him, the best policy. l£grThe following letter was addressed by the writer to the editors of Macon Journal $ Messenger in which it first appeared. It was in that paper the charge was made or insinuat ed, that Col. Towns was a defaulter to the Central Dank} Columbus, September Bth, 1847. To the Editors of the Journal and Messenger: Gentlemen :—A communication in your pa per of last week charging Col. Towns, the Democratic candidate for Governor, with being a defaulter to the Central Bank, has just fal len under my eye. As it is intended to ope rate prejudicially to Col. Towns, it is due to him, that the facts should be made known to the public. I was the member of the firm that made the collections, and have paid them over long since, (nine or ten years ago,) except perhaps a small balance, which would have then been settled, and has since been offered to the Bank, but the Bank claiming more than was due, as I believed, this small sum remains unsettled—the amount collected being about $3,700, and the amount paid over,as admittinl by the Bank, about $3,500. Col. Towns has, however, been desirous that this should be settled, even on the terms as demanded by the Bank, and has proposed to pay over the mo ney himself, and would have done so, but for myself, as I am not disposed to pay the Bank more than is properly due. I have asked the Bank to have the matter of difference betwixt us, settled by the proper tribunal, which they have advised me would be done at the next Talbot Superior Court. lies’>ectfullv your obedient servant, 4 JOSEPH STURGIS. Recruiting 1 for the War. Our quiet streets were resounding all yes terday, “from rosy morn to dewy eve;’’ with the martial strains of “the spirit stirrmg drum and the ear piercing fife." We saw two re cruiting Sergeants accompanying the music, and were informed that they were drumming up recruits for Mexico. Lt. Martin of the Palmetto Regiment, Abbeville Company is now here on that business. Late in the eve ning we met the cortege, consisting of the aforesaid two musicians, the two non-commis sioned officers, and the usual crowd of all sorts of boys, black and white, following the drum and fife with their accustomed military enthu siasm,and marching between the two Sergeants, the result of the hard day’s work. This con sisted of just one solitary recruit. He with true patriotism was evidently “going it alone." We conceived a sentiment of admiration for this lone specimen of martial ambition, and i ' felt like touching our hat to him in respect* Just to think that in so large a town, after a hard day’s work in perseveringly banging on a drum head, the war breathing sounds found an echo in but one breast. But we hope they will do better another day. Cold weather will soon be here, and a winter in Mexico would be in many respects pleasant, full of stirring ncidont and adventure, and something agree able to look back upon in after years. Then the enlistment is for the war —only for the war, some will say who think it will soon be terminated. If so the recruit may have a pleasant affair of it and a brief one. We hope the drum will beat on a day or two longer. “It will never do to give it up Among the passengers arrived at New York in the French steamer Union, we ob serve the names of Dr. Paul F. Eve and fami ly, of this city. The New \ork Shipping and Commercial Lis' \ üblishcs its annual statement es the Cot ton trade, from which we complete the follow ing abstract; caor, 1846. 1817. New ? Orleans 1,037,144 705,979 Mobile 421,966 32.7,462 Florida 141,184 127.852 Texas 27,088 8.317 Georgia 194,911 242,789 South Carolina 251,405 350,200 North Carolina 10,637 6,061 Virginia 13,282 13,991 Received overland 3,000 Total 2,100.537 1,778,651 % 1,778,651 Decrease this year 321,886 EXPORTS. 1846. 1847. To Great Britain 1,102,369 830,909 « France 359,703 241,486 “ North of Europe-... 86,692 75,689 “ Others foreign ports.. 118,028 93,138 Total 1,666,792 1,241,222 Showing a decrease of 271, 460 bales to Great Britain; 118,217 to France, 11,003 to North of Europe, and 24,890 to other foreign ports, making the total decrease in the exports for the year ending. September 1,425,570 bales. The quantity taken for home Use during the year amounted to 427,967 bales, being 4900 bales more than last year. The quantity of new Cotton received at the Shipping Ports up to Ist instant, amounted to 1121 bales, against about 200 bales last year. Col. Curtis* The citizens of Wayne county, Ohio, lately offered a public dinner to Col. Curtis and the volunteers of the 3d Ohio Regiment, in Woo»- ter. The Colonel, who, by the way, is a whig, made the speech ih the evening. He sustain ed the war—-sustained its prosecution—charg ed its commencement on Mexico —denied that this is a war to extend slavery—but said sla very would, from natural causes, be circum vented by it—that the mass of the Mexicans were in little better condition than the slaves of the South, if as good. He denied that we could make peace by withdrawing our army; it must be done by teaching the enemy to res pect our rights. Opposition here, among our i people, to a vigorous prosecution of the war, would only lead the Mexicans to suppose that they could obtain peace on better terms, etc. The official list of interments in the city of New Orleans from 9 a. m. of Sunday, the 12th September, to Monday, the 13th, at the same hour, shows 51 in all, of which 29 were yellow fever. Ho! the Cotton. The steamer Magnolia arrived at New Or leans on the 13th inst., from Vicksburg, with * cargo of 1608 bale* cotton. This is a large cargo for so early a period of the season. The Weather, Crops, &.c. We learn from the farmers residing in differ ent sections of this county, that their prospects are extremely gloomy, for even a moderate crop of cotton. The army and boll-worm arc destroying the greater portion of the small remainder left after a profuse shedding of the boll. In some parts of the county the worm has not made its appearance, but a disease has taken hold upon the boll which is equally as bad, if not worse than the worm.—Sanders ville Georgian, 17th vat. The Rice Harvest. —The weather has not been very Mattering, but still our rice planters are succeeding in getting in their crops in good order. Yesterday was a very good drying day. We have accounts from three of the principal plantations on the Altamaha, which are very encouraging. They are going on well too on the Ogeechee. Notwithstanding several cases of individual suffering, the whole crop in Gcoriga will probably be a large one, and the rice of superior quality. —Savannah Republic can, 18 th iust . Extract from a letter received from Mont gomery county; “There is no prospect of fair weather as yet. We have a shower of rain every day. Provi sion crops are generally good. Cotton will be badly injured. We have not had sun-shine enough to open the bolls, and where they are shaded underneath, they are rotting, or the seed sprouting in the boll. The crop will most assuredly be cut short.”— During the past week we have received a mass of information from all sections of the cotton growing country, and it is lamentably uniform in its character. We are induced to believe, from the tenor of our advices, that the prospects are as unpromising as they were at this date last year, and that there is nothing now' to justify an expectation of a larger crop than that of the season just closed. In an other part of our sheet will be found numer ous extracts from newspapers and private let ters, to which we direct the attention of our friends. In addition, we give the following from a mercantile house in Pickens county to a merchant in this city, dated “Pickens coun ty, Ala., Sept. 7th, 1847.” * * • “We are clearly of the opinion that we wrill not make more cotton in this part of the country than w'e did last year. The wrorms have des troyed all the late or top crop, and are at thi* time devouring the growm bolls. In addition to this, the rain has been falling in torrents, with occasional short intervals, for nearly two months, w'hich is causing the bolls to rot. So much rain has fallen of late, that our river is at this time in fine navigable order. v> e usu ally commence picking cotton about the 15th of August; very few* planters have began yet, and those that have are doing very light work, from all this you will see the prospect is by no means flattering.” For a week past we, in the city, hare been favored with weather that, if it has extended to the interior, must produce a favorable change in the prospects. A clear sky, witn a hot sun, such as we have had here for Uv c or