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THE CONSTITUTIONALIST. JAMES GARDNER, JR. TERMS, Daily, per annum . $G 00 Tri-Weekly, per annum G 00 If paid in advance i.. 5 00 Weekly, per annum 3 00 If paid in advance 2 50 I*o Clubs, remitting $lO in advance, FIVE COPIES arc sent. This will put our W eekly pa per in the reach of new subscribers at TWO DOLLARS A YEAR. [f'pSuhscribcrs who will pay up arrearages, and scud four new subscribers, with the money, can gel the paper at $2 00. (LTAII new subscriptions must be paid in ad vance. IFT’Postagc must be paid on all communications and letters of business. 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.