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THE CONSTITUTIONALIST.
JAMES GARDNER, JR.
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rom our Correspondent.]
COURIER OFFICE, >
Charleston, Nov. Q — A. M. 5
ARRIVAL OF THE SOUT HEJLVER
Wc received no New York York mail this
inoruing.
The following summary of Foreign Intelli
gence we copy from New V drk papers received
by the steamer Southerner.
An accident of rather a serious nature oc
curred this morning on Adgcr’s wharf. An
omnibus, with two hoses, by some misman
agement, was precipitated into the dock, and
the two horses were drowned. Two negro
boys, who were on the omnibus were also
thrown overboard, but Shortly alter rescued.
ARRIVAL OF THE CALEDONIA.
NINE DAYS LATER. •
VERY GLOOMY IN I'ELLIGENCE.
Yesterday we announced by telegraph that
the steamer Caledonia, Captain Lott, was in
sight from the telegraph station. She arrived
at her wharf at Boston,at half past 3 o’clock. —
About 4 o’clock we received the commercial
intelligence, which was publish in a second
edition. This morning her mail was received.
Our London papers are to the evening of the
18th of October, and Liverpool to the 19th in-
elusive.
[Correspondence of Commercial Advertiser. [
LONDON, ISthOct. 1817. —Since my last
letter there have been several meetings of the
creditors of the large houses whose failure I
have previously announced. Os the most im
portant has been that in connexion with the
affairs of Held, Irving & Co. The balance
Sheet submitted Showed liabilities for £1,027,-
000, of which it was expected £GGO,OOO would
prove upon the estate. Against this the as
sets figured for £816,000, showing a nominal
surplus of £IBO,OOO, but these assets include a
sura of £557,000 in the shapfe of claims and real
estate in the Mauritius, and as it is by no
Incans improbable that £IOO,OOO would be
nearer the true value of these, the surplus is
soon converted into an alarming deficiency. It
was intimated at the meeting that a dividend
of ss. in the pound might possibly be collected
before long, and the total which the creditors
now seem to expect is about 7s. or Bs %
A third meeting has been held also of the
parties interested in the affairs of Sanderson &
(Jo.; at which it transpired that the liabilities
of the firim have been reduced from £1,725,-
000 to £1,000,000, and that they arc expected
by Christmas to be reduced to £220,000. On
the whole the liquidation appears to be going
on satisfactory, but, as I anticipated in my let
ter, the resumption of business by the firm has
not been decided upon. Another meeting is to
take place on the 12th November. There can,
1 think, be no doubt, under any circumstances,
of the firm paying 20s in the pound.
Another meeting has been that of Lyall,
Brothers & Co. This firm show liabilities,
direct and indirect, to the amount of £780,000,
of which it is expected £340,000 will be the
amount proved against the estate. Against
these they show assets to the amount of £ 151,-
060 —together with £IIO,OOO locked up in In
dia, of which probably not one half will ever
be realived. At the time of their failure, like
most of other firms in similar circumstances,
they“hopcd to be able to liquidate in full,” but
in my letter of the sth, I put down the pro
bable dividend at 155., and it now appears that
from 11s. to 135., would bo nearer the actual
prospect.
Thomas Usbomc & Son, of the Com Ex
change, whose failure was among the first that
took place, have also had a meeting, at whicl
their liabilities wore shown to be £G0,00(
against assets £33,000. This would give about
11s. in the pound, a sum which they have
agreed to pay in three speedy instalments.
To-day a meeting has been held of the credi
tors of Cockerell, Larpcnt & Co. The firm show
a nominal surplus of £ 19,000bcsidcs the private
property of the partners, but out of assets foi
£809,000 no less than £-135,000 is locked up in
India, so that every thing will depend upon the
realization in that country. The partners arc
held in strong regard and they arc winding
the affairs of the house under inspection.
irt iiiy last letter I told you that we were
only at the beginning of the end, and you wil
now ask me how much farther we are upor
the road. I still repeat the same dismal pro
phecy. Much worse is yet to come.
At present the cause of all the mischief is but
slightly touched. Meetings, for the suppression
of railway expenditure, are held in all parts of
the country, but the shareholders have not yet
boon sufficiently squeezed to resort to prompt
and unanimous steps for their own protec
tion.
With regard to the amount of bullion in the
Bank of England, I may mention it has un
dergone a further decline of £304,000 —the
amount being now £8,408,000. Owing, how
ever, to the high rate of interest now preva
lent, gold is finding its way back to this coun
try from the continent, and about £300,000 ar
rived last week. But this is merely a tempo
rary movement. Nevertheless, it will have
the effect of restoring confidence, and hence
it is quite probable a sudden reaction may
take place in the prices of the public funds.
In cotton and grain we have no alteration.
In the former, owing to the state of the mo
ney market, the transactions have been un
usually limited; and in the latter the only
movement has been a decline in wheat of 2s.
per quarter from the rates by the last packet.
Looking at the intensity of the existing pres
sure, it is surprising in both cases that prices
arc maintained so well. The shortness of stocks
is the only explanation.
{From Wilmer S? Smith’s Times of Oct. 19.]
Commercial Review-
Since our publication of tho sth instant, up
to the present moment, the commercial dis
tress described in our last number has gone on
increasing,—each day discloses, the fact of
some widely spread mercantile disaster! and it
is mo§t difficult amidst the general gloom
which prevails, to discover any mode by which
we shall get speedily extricated from the dif
ficulties which surround us.
In Liverpool, consequent upon the failure
of the Royal Bank yesterday, distrust prevails
to such an extent that business is paralized,
.and no sales of any kind of produce can be ef
fected on our quoted terms, or without a con
siderable reduction from them.
In the manufacturing districts a general
stoppage of the mills is threatened; and the
very great decline in the revenue for the last
ssistast: EsaassEMXSKXSBKKXBBBBtBaaBKBBaB
quarter indicates that a change is corning over (
the condition of the people, which cannot but !
influence the future consumption of articles ;
of luxury and necessity.
| Correspondence Commercial Advertiser.]
LIVERPOOL, Oct. 18. —Wc have to continue
the same unfavorable accounts as by the last
steamer. Fresh failures have taken place in Lon
don, and to-day the Royal Bank of this place has
been forced to suspend, adding much to the already
gloomy condition ol affairs.
The amount ol business done in Colton has been
small, forced sales have been made at very low
rates —our quotations remain nominal as before.
The quotations at the close of the week are ;
Ord.tomid. fair to gd. fair, good & tine.
Sea Island, L> alld. 12£al5d. il a'J d.
Do. stained, 5 aS.J
Upland, 4:1 a 6jf 6$ a G| G:|a—
N. Orleans, T(a 54 Gga i\ <’ a 9
Mobile &, Ala, 4|u of s|a (>|
The estimated stock, Oct. 15, was 415, 275 bales,
(of which 304,499 American.) against G 17,322, (ol
which 125,2C9 American) at the same time last
year. .Taken for consumption this year 4i5,~ 10
bales.
LIVERPOOL, Oct. 1G. — State of Trade. —
There is yet, we regret to say, no improvement
whatever in the slale ol trade at Manchester— ~
Purchasers of goods lor export, particularly hi dis
tant markets, are doing little or nothing. Prices
arc declining, and for cash very low rates are un
derstood to be accepted. Under such circum
stances it is not to be wondered at, that spinners
and manufacturers should still farther reduce then
production.
At (he present moment the consumption ol cot
ton in this country is not so great as it was nine
years while it lias fallen ott as compared with
the last year upwards ot thirty per cent. 1 bat so
great a diminution in the production oi manufac
tured goods, prepares the way for an active de
mand for them at some future period, cannot, we
think, be denoted; but it is evident that at present
English capital and credit cannot be made availa-
ble to any extent for carrying on the export trade
of the country, and that we must await the period
when the wants of foreign markets become urgent,
or until a change takes [dace in thn state of money
matters at home, before we can look for much ac
tivity in trade.
A. DENNISTOUN & CO.
P. S. October IS.—The Cotton Market to-day
is in a most unsettled state; the, sales are only 1200
bales, neither buyers nor sellers appearing to know
how to act. Prices arc nominally ib. under
quotations.
The Corn Market is quiet, hut pi ices arc un
changed.
A fresh blow has been given to confidence by
the announcement this morning of the suspension
of the Royal Bank of this town.
HAVE E, (Sunday) OCT. 17.—Our Cotton mar
ket continues drooping, the accounts from Eng
land being discouraging. Yesterday,owing to the ar
rival of some spinners, BUO bales were taken for
consumption, but at rather lower prices. A fur
ther and perhaps large decline is anticipated, as
there is no prospect of a better state of things on
the other side of the channel.
Our market closed dull yesterday for all arti
cles. A large decline has taken place in prices for
Austrian Tallow. Our stock of Wheat and Flour
is nearly exhausted.
Havre Markets
[From our Correspondent .]
HAVRE, Oct. 15. — Cottons. — Throughout the
past week, our market has exhibited the same de
pression that has lately characterised it, produced
by the same causes that have been alluded to in
our preceding circulars. The extreme flatness in
the transactions led to a further decline of I a 2T
in prices of American Cottons on {Saturday last-'
but on the following Monday, owing to the more
wholesome complexion of the accounts from Eng
land, a revival took place in the demand, and aid
ded by the favorable tenor of the advices of 23d
ult. from the United {States, by the Washington
steamer, prices recovered the ground they had
previously lost.
Since then, however, the intelligence received
front tiie other side of the channel, being again of
a discouraging nature, has damped the expecta
tions that were for a moment entertained of an
amelioration in business, the good effect that would
no doubt have been felt, from the satisfactory char
acter of the news from the States have been en
tirely destroyed, and things hive resumed the same
gloomy appearance as before. The buying lias
therefore been of a most limited description, with
in the last few days, and holders being anxious to
realize promptly, a further depreciation of full f. 2
has occurred so that our quotations are now lower
than at the date of our last report. We arc hourly
looking for the arrival of the Union steamer of the
Ist instant, but whatever bo the feature of the ad
vices by her. as long as those from England con
tinue of so unpropitious a character, very little il
any improvement can be anticipated.
The sales from the 9th to the loth of October
were only 2,732 bales, including 1.125 N. Orleans
at 82 a 100 f,; 57G Mobile at 83f. 50 a9Cf. 50, and7Bl
Upland at 84 a 93f. 'The arrivals for the same pe
riod 5,7 15 bales.
SUOCK, OCT. 9.
1845. 134 G. 1817.
American 5-4,(XX) 45,300 45,;X)0
Other kinds 1,500 200 4,000
Total 55,500 45,500 49,500
2*cttcr from Rlr- Van Suren-
Lixdexwald, Oct. 20, 1817.
My Dear Sir—l had the honor a few days
since to receive your friendly letter, apprising
mo of your desire to place my name, after the
close of the then approaching canvass in Pen
sylvania, at the head of your paper, as the
choice of the sterling democracy of your dis
trict for the presidency, and also informing me
of a similar disposition among the democrats
of the surrounding districts.
The frankness of your communication, and
the disinterested motives by which it has ob
viously been dictated, command my respect
and confidence. Instead, therefore, of reply
ing to it through my old and fast friend in your
vicinity, as you suggest, I address myself
directly to you, and shall express my feelings
and opinions with the freedom and sincerity
which arc due to the subject, to my position in
regard to it, and to the respect and gratitude
with which your conduct has inspired rnc.
I cannot apprehend wnat I am about to say
will induce any one to suppose that I under
value the honor of the office with which your
favorable estimate of my capacity and princi
ples has inclined you onto more to connect my
name. Every right-minded American citizen
must regard an incumbent of the presidential !
office, possessing the confidence and esteem of j
those who raised him to power, and challeng
ing the respect of all parties by an honest, \v Iso,
and manly administration of his trust, as en
joying the highest distinction known to the
political institutions of mankind. Nevertheless,
1 assure you that, whatever may have been my
aspirations at other periods of my life, I have
no desire to re-occupy that most elevated
public station. I have already, by the par
tiality of my countrymen, partaken very large
ly of the enjoyments of public life, whilst I
have shunned its labors, or been exempt from
its inquietudes. The favors and honors which
have been profusely bestowed on me by the
democracy of the Union are, and I trust will
ever bo, present to my mind, and greatly im
pressed on my heart. Every day more and
more continued in the soundness of the politi
cal opinions to which I have adhered, con
scious of always having done my duty to the
people to the best of my ability, having no
heart-burning to bo allayed, and no resent
ments to be gr atified by a restoration to power, i
and finding my present position entirely adapt- i 1
ed to my taste and disposition, I am sincerely I
and heartily dcsizous to wear the honors and ( !
enjoyments of private life uninterruptedly to i
the end. j '
If, therefore, the support which you, with j ,
whom I have not even the pleasure of a per- I
sonal acquiantance, have so lankly and hon- ; 1
orably tendered me, included that notonly of | (
the inflexible and victorious democracy of your i
congressional district, but also of the dcmocra- j c
tic party throughout the Union, and the con
seqirent assurance of success, I could not, con- r
suiting only my own feelings and wishes, ;i
hesitate, respectfully and greatfully, but do- s
cidedly, to decline it. That any state of things i
I will hereafter exist In Which this indulgence of
! my own preferences would, in the opinion ot
true and f ilthful friends, conflict with my duty
to the political party to which my whole Ide
has been devoted, and to which I owe my per
sonal sacritice, is in the last degree improba
ble. . , .
I appreciate and honor your anxious desire
to see the integrity and firmness of the demo
cratic party of the Union tully vindicated. 1 s
far as the temperate, hut steady action ot one
who is, by las position and a just observance
of its proprieties, debarred from active par
ticipation in partisan conflicts, can aid m res
toring its former efficiency, in rekindmg its
waning zeal, and in preserving the high and
pure character for which it has been long and
rightfully distinguished, you may confidently
rely on my co-operation. Whether those de
sirable objects can be accomplished, mainly
depends upon the course which is pursued by
the respective friendsof those prominentcitizcns
among us who are made candidates fir the |
presidency. Should the capital of the L nion,
durum the approaching session of Congress,
become the rallying point of their partisans,
and not only their attention, but the time and
attention of those who are charged with the
direction of public affairs, be devoted to presi
dent making, instead ot ther appropriate duties,
we shall have little to hope in this regard.
But, it mere political schemes and intrigues,
however cuningly devised, and however pro
i litablc they may have heretofore appeared,shall,
in the present emergency, give place to the
unceasing and vigorous efforts of all to pre
serve and protect the bleeding interests and
perilled honor of our country —efforts which
can alone attract the confidence and support
of the domocractic masses —the result will
prove the more auspicious.
Scarcely ever has the essential welfare of the
country been in a more critical condition, or
its administration in greater need of the ener
getic support of those who raised it to power.
With a probable majority against it in the
popular branch of the national legislature,
and but a small, and it is to be regretted, not a
very harmonious majority in its favor in the
Senate, it mayUc called upon to vindicate the
past, and It will bo obliged to support, possibly
for an indefinite period, a distant and difficult
foreign war. The existence of that war has
received the official sanction of every depart
ment of the government which is required by
the constitution; and, it is duo to the future
fame, as well as the present prosperity of this
great nation, that it be triumphantly sustained.
Whatever may hereafter be the propriety of
instituting inquiries into the necessity of its
occurrence, with a view to the just responsi
bility to public opinion of our public servants,
such an investigation may, at this time, and
under existing circumstances, as well upon
principles of sound political morality as of na
tional expediency, be well regarded as out of
season. The war cannot now be concluded
with honor, unless we receive from Mexico a
just indemnity for the past, and reasonable
security tor the future. If these be not obtained,
the survivors ot our gallant army, who have
by their deeds of valor^con firmed the respect
and compelled the admiration of the world, can
not be brought home without impeachment of
the laurels which they have so nobly won, nor
the memories of the heroic dead shielded from
the reflection of having sacrificed their lives
in a worse than useless contest.
These solemn duties must»be performed, it
is to bo feared, with perhaps a few honorable
exceptions, without the proper aid of an opposi
tion, numbering in its ranks many gentlemen
of great talents, who have had an unusual
share of partisan warfare. Under circumstances
so adverse, the real friends of the democratic
candidates for nomination, will wofully mis
judge the interests of their favorites, if, with
out despairing of the republic—for that is a
feeling unknown to the democratic heart —but,
disdaining sinister influences and purposes of
every description, they do not limit their ri
valship to the wisdom and efficiency of their
efforts to extricate the country from difficulties
and dangers by which it is encompassed.
Sincerely hoping that such may be the
patriotic course of all, I am, very respectfully
and truly, your friend.
M. VAN BUREN.
Samuel P. Collinos, Esq., editor of the
Republican Farmer, Wilkcsbarrc, Pennsyl
vania.
Prime, Ward & Co-
The President and Directors of the Jeffer
son county Bank obtained a judgment some
time since in the Supreme Court of New York
against Messrs. Prime, Ward & Co. for SBO,-
000; and the defendants subsequently made
payments which reduced the amount due on
the judgment to about $70,000. In the course
of last month an action was brought by plain
tiffs on the judgment for the recover}' of the
last mentioned sum, and immediately after
wards had them arrested under a Stillwell
warrant, on the ground of fraud. After a pa
tient hearing of the case, Judge Edmonds of
the Supreme Court, overruled all the objec
tions made by the defendants, and sustained
the warrant. The counsel of Prime, Ward
Co. applied for a postponement of the or
der until the afternoon of Wednesday, in or
der that he might make up his mind what
course to pursue, whether to bring the defen
dants up by writ of habeas corpus to the Su
preme Court, or to appeal from the decision.—
The Manhattan Bank, the next largest credi
tor, has also issued a Stillwell warrant, and
the Bank of Commerce has also issued a Still
well warrant for $40,315,
Slave Riot ax Mouxt Holly. —We learn
that the slave casein New Jersey, in ■which
three colored persons, two men and a woman,
were claimed as the property of on individual
in Maryland, was decided on Wednesday.—
The court refused to touch the constitutionali
ty of the law, but gave the slaves a trial by
jury, David Paul Brown defended the slaves.
Mr. Stratton, a lawyer in Mount Holly, was
for the owner. The jury decided that the
claim was good, and the court ordered that
the slaves be restored to their master.
The court-room was filled with about three
hundred colored and about fifty white persons,
i A scene immediately occurred which would
have ended seriously but lor the timely pre
caution of the court. The slaves made a rush
for the door, assisted by their friends, the co
lored spectators. The other persons in court
came to the aid of tiic officers of the law.—
Sheriff Colling immediately brought up the
military, who were in readiness, and ordered
all the colored people who did not belong to
the town to leave it instantly. These prompt
measures had the desired effect —the slaves
wore lodged in jail to await the action of
their owner, and the mob speedily took the
sheriff’s advice. — Phila. Ledger of Friday.
Conditioa of England -
Mr. Bennett, of the New York Herald, in a
recent correspondence, thus speaks of the con
dition of England:
“The aristocracy maintain 400,000 servants,
200,000 horses, 500,000 dogs, 100,000 grouse,
and 500,000'gamc of all kinds, all to minister
to their pride and pleasure. These men, beasts,
and birds consume the food of idleness, which
would feed the starving Irish, and others of
the lower class. Here is the dangerous con
dition that is increasing in magnitude every
year, and reaches a crisis whenever any of the
crops fail,
“In a population of 27,000,000, which is ■
nearly the number of the three kingdoms, only ,
about 800,000 are electors, while 43,000 per
sons hold the land of the Empire, including
mountains, hills, rocks, rivers, moors." ]
4>
AUGUSTA WHOLESALE PRICES CURRENT, NOVEMBER 10, 1847 ' ~
ARTICLES. Per. Wholesale. . Dvtij.
BAGGING— Gunny, 21 fa) 23 go pr. ct.
Kentucky..!.... 17 to 19 |
BALE HOPE— Manilla... a> l‘> to) 18 25 pr. ct.
Kentucky.. .... 9A to 10 1
BACON —Hams 9 - to) 10 ! j
Sides ••• Oto 10 i v2opr. ct.
Shoulders 7 l /t0 >
BUTTER —Gosheu, prime: 23 (a) 25 20 pr. ct.
Country 19 to) 15 j
CANDLES —Spcrmacctli. 31 tod 37* 20 pr. ct.
Georgia made 13Ato 15 j j
Northern 17'to 18 M pr. ct.
CHEESE —Northern ' 10 to II 30 pr. ct
COFFEE —Cuba ...J Bto 0 j
Rio ......I Hpo) 0 i
Java ...J 11 ja 1;» | free *
Lugyura j...,, 9 <a) 10 j
f Shirtings, brown, 3-4. > ( (. ■ 5 to ) 0 1 ,
-5 I “ “ 7-a. .. 1 7Ato 8 I
“ “ yd. wide . ...i 17 :Ja) 90 :
£ j Sheetings, brown, 5-4. .... 12 to 15 I
„ “ bleached, 5-4.... Id HO 20
£ | Checks • 10 to 16 !
i Red 'Tick j..’. 12 to 18 j
£ ( 0.-maburgs Boz 10 to lit i
t Yarn (assorted) 1 ft, 17 to JO |
FIUU Mackerel, No. 1.,. 1 i,bl. 13 to 14
1 h>. No. 2. ...... 9to 0 1 j I •)() pr ct.
Do. N 0.3......, 7a too 8 S
FLOUR —New Orleans...i j none.
Lanai !!!! 800to8 50 i ‘>o nr. ct
Georgia 5 00 to 5 95 )
GRAL\ —Corn Ims.; 4..> too 50 i j
Oats 37 to 40 20pr.ct.
GUNPOWDER- Ycg. 5 50 to 6 00
HIDES— Dry i r ( i) ii
1 by, sailed j” *.’ Bto 9 i 20 l )r - ct -
UA Y- -Eastern 100. to l/„
.North River fa) i j
IRON—Pig ioo! to 30 pr. ct.
Swedes, assorted. ton. i 4gto 5.1 30 nr. ct
Boop 1103.1 Gito 7 . j
Sheet lib Bto 10 I 2(3 P r ‘ ct - |
, Nail Rods ........1.,,,! (j to 7
LEAD —Pig and liar. ;10U. ! Cto 7 \
1 O-ito 8 >2O pr. ct.
White Dead 7A to 9 )
LIME— bbl.. 150" to 9 50
MOLASSES— Cuba gai... 28 to 30 /
N. Orleans. ?... 37*to 40 J 3O P r * ct *
NAILS— Cut, 4d to 2Ud... I I sjto 5A 30 pr. ct.
EXPORTS OF COTTON TO FOREIGN AND COASTWISE FORTS, COMMENCING IST. SEPTEMBER, 1846.
C, SAVANNAH. CHARLI^sTQN.,, MOBILE. [ N. O&LKANg. NEW YORK. OTHER PORTS, i TOTAL.
W hit ii Ell EX touted. | 1847 {1846. 1 184s7ji 1847- ! 1F46. 1847.1846. 1847.1846. 1847.1846. 1847.(1846.
Liverpool .T .777 \ 1.5491 4,160 , 13.300, 1 »,l«t 30,818 5,109 j 13,860 5,470 1,170. 801 | •
Hull 1 ••*.' ! w
Glasgow and Greenock ! , ;
Cork and a Market I i l><3d
Total to Great Britain jj 1,549 4,160 14,533. 7,919 ! 8,183 : 92,551 5,109 14,570, 5,473 801 ! 1 -7* 4 1 23,756
Ilavre i ........ i 4,074, 1,581 j M 29 I 13,840 7,083 , 17,100 7,799 , 451 777..... 1 7777777
Bordeaux j ! 1 !
Marseilles j 11 | 1 55 i 1,498, 1,007 ; '
Nantes j.... 010 1
Total to France \\ 4,074. 1,581 ! 1,420) jj 14,402 7,i:i» '■ 18,058 9,400 4541 j 39,608 18,185
i■ - nz— . 1 .~rr~:
Amsterdam j| ■ j 104.*; 92 ;..
Rotterdam i| 1 brill 1 j | i
Ant wen* ' : 3,79 d; 9(il ............ ... ................
namiuX::::::::::::::::::77.... j:::::::: ; | *• i I I
Bremen , I ; 2,102 150 | J2t l,le/ '
Barcelona 1 I 28 ! ! j
Havana, &c li j ! ! .... 218, 4,384 394, 82 | i
Genoa Triesta, &c || ! 11( | ! ! (| H ™ ! || |
other 77 11, i4sj 777777771 1 4U 1 m is
Total to other Foreign Ports..., i j |, J4rt; 384 ( j 3.522 5,»>;.9 | 19,29* 0,797 , 403 j 184 i 1J,3(>2 13,056
New York i TToTo ~ 3,505 , 6,208 19,122 I 3,3501 27033 LOOf 5,838 11 !
Boston j 177, 2,070 2,131 2,335 , 3,008 5,802 j 2,009 , j: , ! j
Providence • •••!; • **\\ •••••••*
Philadelphia 199' 2(>3 j 1,077 1,719; 108-
Baltimore |i 99 263 500 413 ' 225 184 |
Other Ports | 1,464 2,4011 1G.... 253 .... 32 1,939 .| K>7 - '
Total Coastwise |
Tn ,.| j
**
Augusta, Georgia.
"WEDNESDAY MORNING, NOV. 10.
[ 'Hie New York papers and the letter
mail failed to come to hand last evening. To
j the attention of our correspondents, the edi
j tors of the Charleston Courier, we are indebted
| for a slip giving an outline of the foreign in
telligence brought by the Caledonia, and a cir
cular from the house of Brown', Shipley & Co.,
which, will be found in our columns tliis morn
ing.
The Theatre-
Among the novelties which have been un
derlined by the Manager, the play of “Fash
ion,” by Mrs. Mowatt, will be produced this
i evening. The piece Mill be produced with
I due care, and wc cannot doubt for a moment,
! with the strong cast the bill exhibits, will re
ceive ample justice. It combines all our fa
vorites —Miss Ellis who originally sustained
I the part of Gertrude, Mrs. Forbes, Mr. Crisp,
I M’ho also appears in his original character,
Mr. Forbes, Mr. Fuller, and indeed the whole
| strength of the company will be engaged in
1 aivin" effect to this best of American dramas,
j O O
and wc do but justice to the citizens of Au
gusta in anticipating one of the most crowd
cd and fashionable audiences which has yet
graced the M'alls of the Theatre.
The Pec Dec Minstrels-
This celebrated band gives another Concert
at the Masonic Hall, this evening, with an en
tire change in the programme. Their Concert
last evening was well attended, and all came
away apparently highly pleased.
Medical College of Georgia*
AVe arc much gratified at the increasing
prosperity of the Medical Institution of our
city. Its annual course of lectures was open
ed on Monday last, by an introductory address
highly creditable to Professor Means, its elo
quent author. The College Halls were throng
ed by ladies and gentlemen of the city, as w r ell
as by an unusually large number of Students*
The Medical College of Georgia is one of the
most important and useful institutions of our
State; nor is it less so to our beloved city, in
which it is happily located,. AVe, therefore’
fed proud of its success.
Gen- Taylor-
AVc see by the AVashington Union of Satur
day last, that this gallant officer has asked
leave of absence of the Government for six
months, to attend to his private affairs, and
that leave has been granted him. He express
es a desire to reach New Oilcans by the Ist
D eccmber.
Comparative Statement of the Business
of the Georgia Hail Hoad, for the months of
October, 1846 and 1847.
1347, 1846, lucrcasc-
Passengers ~ .15,211 97 12,561 60 2.650 37
Freight mail. .35,671 36 36,432 31 Dcc’e 760 95
$50,383 33 48,993 91 Inc’c 1,339 42
The interest on the Stock of the State of
Alabama, due on the Ist instant, is being paid
at the Pheoenix Bank in Nqw York.
Up to Ist iust-, over $9,500,000 of the Indi
ana State Bonds had been surrendered and
exchanged for the now stocks, and subscrip
tions to the Canal Loan have been made by the
holders of over $8,000,000 of that amount. —
The whole bonded debt was about $11,000,000,
so that nearly the whole amount has been ar
ranged.
ARTICLES. Per . Wholesale. Duty.
OlLS —Sperm,W.Strainer 1 30 to 1 37 Uee-
Fail strained 1 25 to
Summer do 4 00 to 1 19
Linseed bbl, 87 Ato 90 pr. ct.
Tanners 55 to
Lard 1 95 to
POTATOES übl.3 95 to 3 50
PIPES 09 to 1 00
PUR PER ilo/.. 9 95 to 3 50
PEPPER ib I 10 toi9
PIMENTO I 14VR15
ILHSidft —Malaga, bunch ho.\. 97ato 3 )
Muscatel .> to 9 50j \ 10 pr. ct.
RlCE —Ordinary 100. 4 25 to 1 50 ’
• 1 'air 4 75 to
Good and Prime a 00 to
j fFrench Brandies gal Jl 50 to 2 100 or. ct. I
Leger Erer 03 275t0 3 j
|/j Holland Gin 125t0 1 50] po pr. ct. '
iS. Aim-rican Gai ! 40 to 43
a; Jamaica Rum 159t0 900 (00 pr. ct. '
£ N.E.Ruin, lids. & hrls I 37 to 10
c/i V\ hiskey,PJi!l. & halt ; 33 t 035
Do. New Orleans ! 30 t 033
i ( Peach Ilrindy ; 75 to J 00 100 pr.ct.
SUGAR-Cabn. Muscovado lb I T\too 8i 4
TR. <& St. Cr i\ .... 9 toll j
Havana, white I 10 toll ' A
New Orleans j Bto 9 \ P r * ct>
Loaf. ; U'/wl2l j
Lump 11 ~ toO 12 j
SALT —Liverpool sack'l 75 to 0 00 )
Loose. Inis.l 45 toso j 2O l >r - ct *
SOAP —American, yellow #> ! sto 0 30 pr. rt.
SHOT —AiI sizes I (‘,2 to 175 20 pr.ct. j
SEGARS —Spanish M 20 00to30 00 40 pr. ct.
American 8 tolO j
TALLOW- —American 10 to II 10 pr. ct. !
TOBACCO —Georgia fc 4 to J ,
Cavendish 15 ®IG \ 3O P r * cL
TWINE- Bagging 18 t 095 / _
Seine 30 toso 30 pr. tt.
TEAS— Poucliong .... 50 to>7s J
Gunp’der A, imp 75 to 1 00 !
Hyson 75 to. ; 80 j (free
Voting Hyson 51 t0)75 i J
WINES —Madeira gal. 2 00 to 9 2539 pr. ct.
Claret, Mars’lles i-a-k 1 25 toM-0 (49 pr. ct.
Do. Rirdeaux doz. 3 00 to) 3 50 40 pr.ct.
Champagne... .1.. •. 900 to 15 00,49 pr. ct.
Malaga 5G toG2 ‘4O pr.ct. [
i HIM I. - ,1.1, —' TO«r: u ■m_
The Governor’s Message-
The public has, by this tune, had full oppor
tunity to read the Message of His Excellency
Gov. Crawford, and to reflect upon the various
* topics therein discussed.
AVe have no comments to make upon the va
• rious topics connected w ith the finances, which
I are introduced, and the facts and statistics of
■ the Treasury and of the Hail Hoad. These
■ are clearly sot forth, and exhibit judicious ma
, nageraent and a prosperous condition. There
are some recommendations, however, which in
vite to reflection and discussion, and upon
which, or some of which, it is probable that
the Legislature will be called upon to act. AA e
w 111 specify them in the order in M’hich they
, arc made, and commend them to the considc-
ration of our readers.
First in order, and first in importance, spe
culatively, if not practically, is the jirqject of
an amended system of taxation. This is the
revival of a recommendation in the last Mes
sage preceding, and which occupied the atten
tion of the last Legislature.
The adoption of the ad valorem plan, in lay
! ing taxes on property, whether real or personal,
M'ould seem to be enforced by the clearest prin
ciples of abstract right and justice. A\ e can
not well conceive of any other rule of .taxation
compatible with strict justice. Property
; should be taxed in a ratio corresponding to its
actual market value. This proposition is not
susceptible of denial. In fact, our existing tax
laws contemplate nominally, the enforcement
of this rule. But the plan of estimating va
lues is absurdly defective, and operates with
gross injustice. This is palpably and especial
ly the case with land. Until the proposition
laid doM'n is denied as incorrect, we shall not
labor to establish it. The difficulty of carry
ing out a system founded on the ad valorem j
principle, and taxing each specific item of real j
property accordingly, xvould not lie in the
want of means to proscribe the details and of
enforcing them through our receivers and tax
collectors.
great difficulty, after convincing the Le
gislature of the justice of it, is to prevail upon
it to do the just thing and pass the law. No j
task is of so delicate a nature as the task of 1c- I
gislating for the imposition of taxes. Lcgis- i
lative bodies are reluctant to disturb a system
which, however defective it may be, has be- j
come venerable by time, and to which long
habit has reconciled the public mind. Taxes j
are always bad enough in reality , and in 'una- ,
gination ten times more odious. Any new
system therefore is contemplated with a mys
terious and indefinable dread, as a sort of i
“raw head and bloody bones” monster of cru- I
elty and rapacity.
But it is unworthy the practical and pro
gressive spirit of the age to be afraid to look a
new question in the face, contemplate it calm
ly, discuss its justice, its expediency, and its
practicability, and then decide soberly on its
merits. The age is one of progress and of
improvement. No republic that has lived and
passed au r ay is recorded in history as having
reached the ultima thule of practical justice ]
and wisdom. Nor docs any now exist else
where, or live in our own favored country, ]
that can be pointed to as a model, or even *
claims for itself the demonstration of this groat *
problem in government. Let it not be said *
then, that any State deliberately M'ills that it ;
shall halt in the march of improvement, and - 1
content itself with an unjust and bungling sys- 5
tem of taxation from an unwillingness to en- •
counter hoary prejudices, or from too great sol- i
EXCHANGE. :
Augusta Insurance and Banking Company, (t
Bank of Augusta,
Brunch State of Georgia, Augusta, * u
Bank of Brunswick, K
Georgia Rail Road, «
Mechanics’ Bank, ’ {l
Bank of St. Mary’s, ((
Bank of jMilledgeviile, it
Bank of tlie State of Georgia, at Savannah,.... ** «
Branches of ditto, " „
Marine and Fire insurance Bank, Savannah “
Branch of ditto, at Macon,... u
Haulers’ Bank, Savannah,... !!!!!!*.!*.."*’ “
Central Bank of Georgia,... iC
Central K. R. and Banking Company, Savannah “
Charleston Banks, ’ t 4
Bunk of Camden, u
Bank of Georgetown, .[[* u
Conimerc'al, Coluinlua, «
Merchants’, at < heraw,
Bank of Handling, «
Alabama Notes, gra ths
Cuuiincrclui Bank of Macon failed
NO SALE OR UNCERTAIN.
Merchants’ Bank of Macon.*
Bank of Darien and Brunches.
Bank of Columbus.
Chattahoochee Kail Road and Banking Company.
Monroe Rad Road and Banking Company.
Planters’ and Mechanics’ Bank, Columbus.
Exchange Bunk, Brunswick.
Insurance Bank of Cohnnbus, at Macon.
Phoenix Bank of Columbus.
CHECKS.
On New York, $ prem
Philadelphia, “
Boston, “
Charleston and Savannah, par.
Lexington, Kentucky, «
Nashville, Tennessee, “
STOCKS.
Georgia, 8 per cents no sales.
Georgia, G per cents 98 to) 100
♦Not taken by our banks, hut redeemable at the Plant
ers’ Bank, Savannah at par.
tishness of a majority to submit to an equal
distribution of burthens. The fact that the
present mode of assessing taxes on laud is least
burthensome to the great body of the consti
tuenccs represented in our Legislative halls,
and is very onerous and oppressive upon a
small and defenceless class of citizens, should
be a good reason for a change, but will be pro
bably, a conclusive reason for retaining it in
all its present deformity.
Y r ct equality of taxation and of burthens ii
one of the essential principles of democracy.
Any different system, in its original inception
or its practical results, is antl-dcmocratic, and
should be for that reason opposed.
The next Executive recommendation is one
in which wc most heartily concur, and wc do
not doubt that a bill offered to carry out tho
suggestion will pass w Itbout serious opposi
tion. This is to designate five places, one in
each Judicial District, for tho semi-annual sit
tings of the Supreme Court—one place in each.
Under the present plan, the Court is required
to meet in the course of the year, at nine dif
ferent places, some of them inconvenient to
rea’hV and unprovided with law libraries,
which are often so essential to a thorough in
vestigation on the spot, and a correct decision
of questions before tho Court. AVc regret to
see so august a tribunal made so itinerant in
its character.
The next recommendation is to suspend the
military law's now' in force, and to disband the
militia, and in lieu thereof offer additional in
ducements for the formation of volunteers into
companies, battalions, regiments, brigades’ and
divisions.
The present system could not well be alter
ed for the w'orse, and if half the advantages
suggested by the message as likely to result
j from the plan proposed, it may bo desirable to
adopt it. If any modifications of the plan
should soom to bo advisable to any of the mem
bers, which is highly probable, they will of
course bo brought forward. But there could
be no reform more popular in Georgia than a
reform of our present militia laws. They da
not command the respectful obscrv ancc of the
people and arc therefore worse than useless.
The recommendation to award proper testi
\ monials to those gallant sons of Georgia who
have upheld the honor of their native State on
the battle-fields of Mexico, will meet the hear
ty response of the people.
Oar views have already and frequently
been given in favor of another and important
recommendation "to wit: the completion of
the State Hoad to the Tennessee lliver.
AVc believe that the great majority of tho
people of Georgia arc warmly in favor of the
accomplishment of this great enterprize.—
Though there will be in one quarter sectional
opposition to it, and in another an effort to fores
log rolling terms of compromise, by which
other interests will seek promotion, as the con
ditions on which this work will be advocated
and voted for, we think that it has strength
and popularity enough, on its own merits, and
unaided by any such combinations to secure
its completion.
There is one recommendation of 80
practical importance in its results, if earned
out, yet liable to so many objections and such
strong opposition, that while under some cir
cumstances we would advocate it, w r c would
prefer to discuss the question more at leJpd 1
than w'e could at the close of this article. »Ve
will therefore defer it to an early occasion
hereafter. AA’c allude to the exemption of tie
private propert v of the corporator from liabu
ity far the e’eltif o.’ the Company of which
is a member.