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by EXPRESS 32AJIL.
[FROM OUR CORRESPONDENTS.!
O Jice of the Baltimore American, {
Feb. 10, 1837. S
TWENTY-FOURTH CONGRESS,
SECOND SESSION.
CONCLUSION OF WEDNESDAY’S PRO
CEEDINGS.
Our report of Wednesday’s proceedings was
necessarily brought to a close before the votes 101
President and Vice President of the United
States were counted. After the ceremony o.
counting was completed, the President of the
Senate announced the result as fdlows
FOR PRESIDENT OF THE UNITED
STATES.
For Martin Van Buren of New \ ork—
If the votes of Michigan bo counted 170
If the votes of Michigan be not counted 167
For William Henry Harrison of Ohio 73
For Hugh Lawson White of Tennessee 36
For Daniel Webster of Massachusetts 14
For Willie P. Mangum of North Carolina 11
It therefore appears, continued the PRESI
DENT. that, were the votes of Michigan to be
counted, the result would be lor Martin \ an Bu
ren, for President of the United Slates, OO
votes; if the voles of Michigan be not counted,
Martin Van Buren then lias 167 votes. In ei
ther avent Martin Van Buren, of N. York, is
elected President of the United St ates, and I
therefore declare that .Martin V an Buren, having
received a majority of the whole number of elec
toral votes, is duly elected President ot the Uni
ted Slates for four years, commencing the fourth
day of March, 1837.
The President of the Senate then announced
the votes for Vice President of the United States,
as reported by the tellers, as follows.
For Richard M. Johnson of Kentucky,
If the votes of Michigan be counted 147
If the votes of Michigan be not counted 144
For Francis Granger of New York 77
For John Tyler of Virginia, 47
For William Smith of Alabama 23
It therefore appears, continued the PRESI
DENT, that, were the votes of Michigan coun
ted, the highest number of vo'cs for Vice Presi
dent of the United States would be 147, and if
those votes be not counted, the highest number
of votes for that office will be 144. But, in ei
ther event, no person has received a majority of
the electoral votes for Vice President of the Uni
ted States, and I do therefore declare that no
person having received such majority, no person
has been elected to that office; that Richard M.
Johnson of Kentucky, and Francis Granger of
New York, are the two highest on the list, and
it. now devolves on the -Senate of the United
States, as provided in the Constitution, from
those two persons to elect a Vice President of
the United States.
He then announced that the object for vvfhich
the two Houses were assembled under the Con
stitution had been accomplished, and that the
Senators would retire to their chamber in order.
The Senators then rose and retired in the or
der they came, the members of the House rising
in their places and remaining uncovered.
Mr. Thomas, from the committee on the part
of the House of Representatives to join such com
mittee as might be appointed on tiic part of the
Senate, to ascertain and report a mo le of ex
amining the votes for President and Vice Presi
dent of the United States, and of notifying the
persons elected of their election, reported ;
That the Joint Committee, in further execu
tion of the duties with which tncy were charged
by the two houses of Congress, have agreed to
the following resolution, in which their commit
tee recommend to the House of Representatives
to concur:
Resolved, That a committee of one member
of the Senate be appointed by that body to join
a committee of two members of the House of
Representatives, to be appointed by that House,
to wait on Martin Van Buren of New York,
and notify him that lie has been duly elected
President of the United States, for four years,
commencing with thc4th day of March, 1837.
The above resolution having been concurred
in,
On motion of Mr. GLASCOCK,
The House adjourned.
After the Senators had returned to their
Chamber and resumed their seats, the following
proceedings took place:
On motion of Mr. Grundy, a resolution was
adopted for the appointment of a joint commit
tee to wait on Martin Van Buren, and inform
him of his election. And Mr. Grundy was ap
pointed by the Chair to act on the part of the
Senate.
Mr. Grundy then, from the joint committee on
the election, reported a preamble and resolution,
■tatingthat no election of Vice President of the
United States had been made by the College of
Electors; that Richard M. Johnson, of Ken
tucky, and Francis Granger, of New York,
were the highest on the list of persons voted lor;
and resolving that the < enate do now proceed to
elect one of these gentlemen Vice President of
the United States, and that Senators give their
votes, viva voce, in their places on the call of the
Secretary.
The resolution was agreed to, and the Senate
proceeded to vote accordingly, the result of
which was as follows :
For Richard M. Johnson.— Messs. Benton of
j Missouri ; Black, of Mississippi; Brown, of N.
Carolina ; Buchanan, of Penn; Cuthhert, of
Georgia; Dana, of Maine ; Ewing, of Illinois;
Fulton, of Arkansas; Grundy, of Tennessee;
Hendricks, of Indiana; Hubbard, of N. Hamp.;
King, of Alabama, King, of Georgia; Linn, of
Missouri, Lyon, of Michigan; McKean, of
Penn. Moore, of Alabama ; Morris, of Ohio ;
Mouton, of Louisiana ; Nicholas, of Louisiana;
Niles, of Connecticut; Non-ell, of Michigan;
Page, of New Hampshire ; Parker, of Virginia;
Rives, of Virginia ; Robinson, of Illinois ; Reg
gies, of Maine ; Sevier, of Arkansas; Strange,
of N. Carolina; Tallmadge, of N. York ; Tip
ton, of Indiana ; Walker, of Mississippi ;
Wright, of N. York.
Fnr —-Mnsgra Harar.l
of Delaware -,'CttfT,-Of*jWffffky ; Clayio'n, of
Delaware; Critenden, of Kentucky; Davis, of:
Massachusetts; Ewing, of Ohio; Kent, of Ma
ryland ; Knight of Rhode Island ; Prentiss, of
Vermont; Robbins, of R. Island; Southard, of
N. Jersey; Spence, of Maryland ; Swift, of Ver
mont ; Tomlinson, of Conn : Wall, of N. Jor~
Vj, Webster, of Mass.
Jhe President of the Senate (Mr. Ki.vd; of
Alabama) then rose, and proclaimed the result
of the election, as follows :
The whole number of Senators of the U. S. is 52
Majority necessary to a choice 27
Quorum required by the Constitution 33
Whole number of Senators present 49
For Richard M. Johnson, of Kentucky, 33
For Francis Granger, of New York, 16
tram which it appears that Richard M. John
son, having the votes of a majority of tiic whole
number of Senators, as required by the Consti
tution of the United States, is dully el red ; and
1 therefore declare that Richard M. Johnson, of
Asotueky, has been obesca by the Senate, in
pursuance of the provisions contained in the
Constitution, Vice President of the United
States for four years, commencing with the 4th
day of March, 1835.
On motion of Mr. Grundy, a resolution was
•iuopted for the appointment of a joint commit
' e to inform R. M. Johnson of his election, and
- : Chair was autlio izetl to appoint the member
t-m-reof on the part of the Senate.
On morion of Mr. Webster,
The Senate then adjourned.
IN SENATE—Feb. 9.
On motion of Mr. Grundy the Senate adopted
an order that the Secretary notify the House of
Representatives that in pursuance of the provis
ions of the Constitution, the senate had elected
Richard M. Johnson to be Vice President oft .e
United States.
Mr. Swift presented a- memorial from Ver
mont praying for the abolition ofslavery and the
slave trade in the District of Columbia. He
moved the reference of so much of the petition
as relates to the abolition of the slave trade to the
Committee on the District of Columbia.
Mr. Calhoun objected to the reception of the
petition and a motion was made to lay the mo
tion to receive on the (able, and the yeas and
nays being ordered, the question to lay on the
table was decided in the affirmative as folows:
YEAS.—Messrs. Bayard, Brown, Buchanan,
Calhoun, Cuthhert, Dana, Ewing, 111. Ful on,
Grundy, Hubbard, Kent, King, Ala. King, Ga.
Lyon, Moore, Nicholas, Norvell, Preston, Robin
son, Ruggles, Strange, Tallmage, Walker,
White, Wright—2s.
NAYS.—Messrs .Clayton, Hendricks. Knigh",
McKean, Niles, Prentiss, Robbins, Southard,
Swift, Tiplon. Wall, Webster—l 2.
PUBLIC LANDS.
Mr. Calhoun, on leave, introduced a bill to
cede the Public Lands to the States in which
they lie, under certain conditions, which was
read twice.
Mr. Robinson moved 'o refer the Bill to a Se
lect Committee.
Mr. Walker said he thought the bill would
not be found so objectionable to the Senators of
of the old States, as was first supposed, lie
stated that he was not disposed to sanction any
spoliations on the public property, or any injus
ice to the old States, and that, if so instructed,
he would resign his scat. He wished the bill
to go to a select committee, in order that the
Senator from South Carolina might spread his
views before the people in the form of a report.
Mr. Niles thought no special report would be
advisable. He wished to sec the public mind
i settled on the subject. lie had voted for the
Land Bill with fear and trembling, and he would
not consent to add one experiment to another.
Mr. Webster moved to rc-consiJer the vote
by which the bill was ordered to a second rea
ding, with a view to have the question on tiie
second reading, should it be taken to-morrow,
by yeas and nays. He did not wish that by any
progress made in the Senate, an impression
should go abroad that a measure of such magni
tude was about to be passed. lie asked for the
yeas and nays on this motion.
Mr. Calhoun hoped that the bill would be re
ferred, so that a report might be ma le.
Mr. Brown was in favor of re-considering the
. vote.
Mr. Clay said, that, four or five years ago,
this subject of the Public Lands was forced up
on him and he had devised a scheme full of
equity. It received the votes of a majority of
both Houses, and was rejected by the President.
He had always considered the public domain a
sacred trust, for the country and for posterity.
- He was opposed to any measure giving away
tKitf puhlip. property for file benefit of* cpeeula
-1 tors; and he was therefore opposed to this bill,
’ j as well as that which would conic up 10-day on
; its third reading. He had, himself, labored hith.
■ erto. in vain, to save this property, but he should
• continue to oppose these schemes. He implored
! the Senate toabs’ain from making these appeals
to the new Stales, for the purpose of serving any
; particular party. He appealed to the Senator
‘ from South Carolina, whether he might not in
• cur the suspicion of desiring to win over the new
States to serve some political aims. He hoped
• his own motives would he truly appreciated when
; he made this stand against the scheme of giving
I away the public property.
■ j Mr. Calhoun said he hoped that the votes of
! last session would have been followed un, and
j that the Public Lands might have been preserv-
I , cd, but it being now apparent from the other
i vofes given by Senators from' the Northern and
Middle States that this hope was now in vain,
he thought it better to give up the piopcrty at
once. It had been asserted here within two
days, that the new Sonato s and Stales ought
n>t to accept Lands on conditions when they
would so soon have the power in their own
hands. So that these lands will be made the
mtans of securing party objects. These lam’s
give at this time to any Adminstration a control
over eight or nine States of this Union. He in
i dignantly disclaimed any personal views, but
j asserted that he wa? impelled by a solemn sense
of duty. He took a view of the alarming in
crease of Executive patronage, and said that it
was incumbent on the Legislative branch to resist
it.
The Chair decided the motion to re-considcr
• to be out of order.
Mr. Webster said he was induced to make
the motion from a feeling of courtesy to the Sen
ator from Soth Carolina, rather than to lay on
the table.
Mr. Calhoun said he hoped the motion would
be received by general consent.
Mr. Robertson withdrew his motion to refer,
on which the motion of Mr. Webster was declar
ed to be in order. A disposi; ion was evinced by
• Mr. Webster to withdraw his cal! for the yeas
J and nays if the Senator from South Carolina
! *pignild not oppose the motion to reconsider. Mr.
I Calhoun then said that he would not interpose
• an opposition, but he suggested that it might be
better to commit the bill and have a report.
Mr. Webster adverted to the lateness of the
period of the session, which would render it
• scarcely practical to have a proper consideration
• of the hill.
Mr. Walker was opposed to the reference to
the Committee on Public Lands, because it was
composed of a majority of members from the new
States. He believed that the minorty was on.
tirely disposed to do justice to the old States,
but he did not desire to trust his own judgment
He slated that this measure, or one more liberal,
had been advocated by Mr. Van Buren, Mr.
Tazewell, and Mr. Mason.
Mr. Benton was in favor of a select Commit.
• j tee, but thought the subject could not be dispos
’ j ed of until next session.
Mr. Hubbard was totally opposed to any ac
tion on the subject, and moved to lay the motion
on the table, and asked for the ycas'and nays.
Mr. Webster hoped the motion would be
J/fithdrawn, and the question be taken on rccon.
sideration. The motion to lav on the table wac
then'withdrawn.
The question was then taken on the motion
to reconsider, and was decided as follows
Yeas—Messrs. Bayard, Brown, Buchinan
Clay, Clayton, Crittenden. Cuthhert. Dana Da’
vis, Ewing of Ohio, Hubbard, Kent, Kir.gofGa
Knight. Niles, Page. Parker, Prmti e, Rims’
Robbins, Ruggles, Southard, Strange, Swif
Tallmadge, Tomlinson, Wall, Webster ’ Wrio-hi
—29. °
Nays—Messrs. Benton, Black, Ca hx n Ew
ing, (111.) Fulton, Grundy, Hendricks, King!
(Ala.) Lmn, Lyon. McKean, Moore, Morris!
Mouton, Nicholas. Norvell, Preston, Robinson,
Sevier, Tipton, Walker—-23.
So the second reading is postponed till to-mor
row.
LAND BILL.
The bill to prohibit the sale of the Public Lancs
exeenl to actual settlers, <Scc., having been read
a third time, an J thft questk>u being on its pas
sago,
dir. Calhoun rose, and sent to the Secretary
a letter which he received from the President of
the L. States, on the subject of > remarks he
had made on the Land Bill. The letter was
read, It changed Mr. Calhoun with having
impaled to the President a participation in Land
i speculations, declared them to be false, and cai
| led on M”. Calhoun to retract the charges, or
! to sustain them by articles of impeachment, and
, threatening, in default of them, to publish this .
letter to the world.
Mr. Calhoun then said over aga n what he 1
had before said as reported in the Globe, and j
stated that he had alluded to Mr. McLamorc.
He wou 1 d not retract anything he had said, nor !
would he make any motion on the subject.
Mr. Grundy sai l lie did not understand the
Senator as intending to make any personal
charge against the President.
Mt. Walker also said he had not so under- j
stood the Senator from South Carolina,
i Mr. Clat expressed his regret that such a j
breach of the privileges of the Senate should
have been committed by the President, and
there was no disposition in the majority and no
power in the minorit}' to mark it with the stamp
of rebuke which it merited.
HOUSE OF REPRESENTATIVES.
Thursday Feb. 9. 1837.
MR. ADAMS.
| The House then resumed the subject of the
) resolutions for the censure of the Hon. John
1 Quincy Adams, for having brought to the notice
j of the House a petition from slaves, by stating
j that beheld in his hand a paper purporting to bo
! a petition from slaves, and thereby giving color
I to the idea that, slaves have the right of petition,
j and that ho (Mr. A.) is willing to become their
organ. The question being on the amendment
1 '■ offered by Mr. Patton, as follows:
; Resolved, That the right of petition docs not
j belong to slaves, and that no petition from them
can be presented to th's House, without derogat
ing from the rights of the s’avchol dug states, anil
cn laagering the integrely of the Union.
Resolved, That any member who shall here
after present anv such petition to the House
ought to be considered as regardless of the feel
ings of this House.
Resolved, That the Hon. John Q. Adams hav
ing solemnly disclaimed a I design of doing any
thing disrespectful to the House in the inquiry
he made of the Speaker as to the petition pur.
porting to bo from slaves, and having avowed
his intention not. to offer to present the petition
if the House was of opinion that. it. ought not to
be presented ; therefore all further proceedings in
regard to his conduct now cease.
Mr. French of Ky. being entitled to the
floor, rose and spoke at some length, on the sub
ject generally.
Mr. Milligan, of Del. after some remarks on
the subject, adverted to the shortness of the time
allowed for the completion of the business of the
session, and moved that the subject be laid on
the table.
Mr, Adams rose and earnest!}' resisted the
motion to lay the subject on the table. Nothing,
. he said, would aggrieve him more than to dis
, miss the subject, without affording him an oppor.
tunity to address the House in defence, after hav
ing been arraigned at its bar, on account of his
conduct here.
Mr. Milligan, withdrew the motion to lie on
the table.
Mr. Adams then said he did not wish to ar
rest the deliberations of the House. But bet’o. c
the question was taken, be desired the privilege
to address the House in a double capacity, as a
member of the House, and as the individual ar
raigned. He also gave notice that if the Resolu
’ tion of censure did not pass, he should then call
the attention of the House to the original ques
tion, concerning which the present proceedings
had arisen.
Several members addressed the Chair at once,
but the floor was obtained by
Mr. Evans, of Maine, who spoke at length in
opposition to the proposition to censure the hop.
• member from Massachusetts. He said lira
milling would be more vague and indefinite
than the charge made in the resolution. It
charged the member not with any specific of
fence, but with “giving color to an idea." Some
gen'lemon, however, supported the resolution,
because Mr. Adams had presented a petition
from free colored women, and others because he
had presented many abolition petitions ; but nei
ther ofthose charges were put in the resolulion.
But the gentleman from Ga. (Mr. Holsey) made
the offence to consist in criminal intent, to be
inferred from his conduct ; others said that his
offence was in having committed an outrage on
the feelings of the House, All these charges he
considered and attempted I o show their insuffi
ciency. He admitted the right of the House to
punish for disorderly conduct anv ofits members,
but no disorder was imputed to the member now
arraigned. He had violated no parliamentary
law. He said that this matter was destined to
make a great excitement in the country ; and lie
warned gentlemen that every attempt to sup
press the liberty of speech, of the press an d of
petition, the greater was the number of cham
pions who would be raise J up in their defence.
He also maintained, that the assertion of opposi.
tion to slavery and the internal slave trade at the
North, was not an insult to the South. The
doctrine of Virginia, as maintained by all the
leading statesmen ofVirginia, from the revolu
tion till the present time, was that slavery was a
moral and a political evil. The northern peti
titioners had borrowed their language and their
doctrines in refer ace to slavery from the Vir
ginia orators and statesmen.
J he Chair here remarked that the gentleman
was takingtoo wide a range of remark. His at
tempt, hitherto to district the debate had not been
seconded by the House. Ifthe House pleased,
the debate would go on in 1 .s j'.resent course.
Mr. Patton protested against any restriction. !
Mr. Evans staled that he had introduced no I
new topics. The gist of the charge against Mr. !
Adams was that he had introduced abolition pe
titions holding harsh language towards the
South, and it was fair for him to show that this
was the language of Southern statesmen them
selves.
The Speaker said he would take the sense of
the House on the question. He stated it, and
had announced the vote in the affirmative, when
Mr. Cambreleng asked for the yeas and navs.
remarking that, upon the division of this ques
tion it depended whether the session should be
given up to this subject.
With the assent of ihe House,
Mr. Evans went on. hut was arrested by the
Chair, cn the ground that he was sneaking on
the abstract question of slavery, which was’not
pertinent to the question before the House.
After various proceedings on the question of
order,
The resolution was modified to read as fol.
lows.
Resolved, That any member who may hereaf
ter present ary petition from slaves to this Mouse,
■hall be regarded as egardless of the feelings of
■:he Mouse, m the rights of the South, unfriendly
to the Union.
And the second resolution was left the same as
above.
In this form the Resolution will pass, the pre
vious question having been ordotvd.
JTEN DAYS LATER FROM EUROPE.
Attempt upon the King's life —opening of the
French Chamber of Deputies —Speech of the
Kins —Condition of France —Severe storm,
throughout Great Britain —Interesting from
Spa ■,. — Miscellaneous neirs— Cotton — Mo
neg, tyc. _
Tnc Liverpool packet ship England, capt.
White, arrived yesterday, bringing the Editors
of the New York Daily Express London dates
of the 2d January, Liverpool of the 4rh and later
news from the Continent. By this arrival we
are placed in possession of much valuable infor
mation.
The Markets in Liverpool arc highly favora
ble to the American Merchant. By the yearly
returns it appears the American are the favorite
I Cottons, and arc advancing in price. Grain, it
| will be seen, is advancing both in England and
! the Continent, In Havre Cotton was dull. —
j But little doing in Rice, Hops or Ashes.
1 The Liverpool papers of the 4th says, the In-
I dependence packet, ship of the Bih ult., from
New York, which had been several days off the
coast oflrcland, landed her letters this afternoon.
The packet ships Charlemagne, Normandie,
i and France, had all arrived at Havre from New
York.
The Money Market in London was decidedly
easier. Consols, the great barometer of the En
glish market, had risen to 90 3-8, and Exche
quer Bills had advanced.
FRANCE.
Opening of the. Chamber—Attempt on the
King's Lfe. —This being the day fixed for the
opening of the Legislative Chambers, the usual
preparations were made for his Majesty’s pro
gress to the Palais Bourbon. Bodies of military
were in attendance, as on former similar occa
sisns ; but the servei ityof the weather was such
that the ordinary crowd of spectators at the ca
valcade was diminished to a much smaller num
ber than we have previously remarked at this
ceremony.
Within a few seconds of the Royal cortege
leaving the Tuillerics by the gate leading toPoint
Royal, and whilst the crowd assembled on the
quay were cheering the appearance of his Ma
jesty, a young man rather genteelly dressed,
made an attempt on the King’s life, by firing a
pistol at him which happily did not take effl ct.
The assassin it is said was so close to the car
riage in which were the King and Dukes (“Or
leans and Nemours, that his Majestv had a full
view of h e person and was enabled to pcin. him
oat to the National Gi ards, who immediately ar.
rested him and conveyed him to the guard-house
of the chateau without his making any attempt
to save himself by flight. The feeling excited
among the troops and National Guards was such
that the wretched youth was nearly sacrificed on
the spot which he had selected for the execution
of his diabolical purpose. The Dukrs of Or
leans and Nemours were both slightly wounded
by the glass of the carragc window, which the
ball directed against his Maj- sty shivered to
atoms. During this scene the King exhibited
the greatest coolness and courage ; and the pro
cess! on immediately after the arrest of the assas
sin continued its route to the Chamber without
any other event marking its progress. Her Ma
jesty’s carriage in which besides the queen, were
Madame Adelaide and the Princesses, preceded
j that of the King,
GREAT BRITAIN.
The principal topic of remark in Lire papers is
the extraordinary snow-storm which continued
two or three days in the last week of December.
The fa!! was so deep as to interrupt the commu
nication between London and the country in all
directions, the roads facing impassable for wheel
carriages, and sleighs are unknown. The mail
from London to Brighton was delayed 12 hours.
Great complaint is made of “ shoes,” formed by
the boys in the streets of London, which had
caused manv awkward tumbles, and some serious
accident. In Oxford street, 50 carts and 150
men Were employed in carrying away the snow
to malic a passage for the stage coaches, &,?.
and it was expected that the thoroughfare would
not he entirely cleared in less than a week. Wc
subjoin some extracts describing various darna
g s occasioned by the storm.
A strange story is related in the London Court
Journal under the appropriate title of “Scandal
at_Madrid.” If relates to a celebrated beauty,
not of the strictest virtue, who had been the mis
tress of a great capitalist, and was, at the da’eof
the letter containing the information, pats on
alcly loved by the minister Mcndizabal; but
between these two protectors, she had been tak
en “under the protection of the Yankee eagle,”
by a high functionary, and it was not until after
raining him, that she transferred her venal affec
tions to the [other] minister. It can’t he possi
ble that Major Eaton has been getting into a
scrape so soon !
Great Fire in Edinburg.— The greatest fire
ever seen in Edinburg since the great fire of
1824 broke out upon the hist Tuesday of Decem
ber. Fifty families, amounting to about 200 in
divi Inals, were burnt out; some paying as low a
rent as £2 per annum.
LIVERPOOL, December 31, 1830.
Sir. —We are now closing a year during which G.
Britain has again been abundantly blessed; peace
ful industry has pursued its prosperous career, and
has diffused content and comfort far and wide, the
success attending the commercial and manufaclur
ing interests has placed within the range of almost
all classes the means of indulging in enjoyments,
which used to be considered as luxuries for the
more wealthy alone, but which have now become
almost necessaries. Organic changes in the con
stitution of the social compact are progressing, and
if there has been a difference of opinion respecting
the necessity of some of them, it is not to be dou t
ed that a spirit of moderation is gaining ground,
which it is to be hoped will counteract the mere
love of change, and will guide those measures still
in prospect to a right and beneficial conclusion.
The introduction of a new principle in our system
of banking, in the shape of Joint Bto k Banks,whilst
it affords additional security, has undoubtedly con
tributed much to the prosperity of the country by
affording those increased facilities which our con
stantly extending commerce required ; but like eve
ry new principle,before its application is rightly un
derstood, it has led to many abuses. Being commit
ted in many instances to inexperienced hands, n
greater stimulus has been given to the commercial
and manufacturing interests than was either necos
-1 sary or legitimate. Onr friends may recollect that
j we have frequently expressed this opinion, and the
j events have borne us out. Two of the largest Joint
Stock Banks are now in difficulties, and the shock
which this has communicated to commercial credit
is felt extensively by all connected with business
though with most severity by those who in their
operations relied upon the facilities hitherto granted
by these institutions.
in turning towards the article COTTON which
claims our chief attention, we observe, in tracing
the progress or the trade during the present year, a
repetition of nearly the same fluctuations to which
wc have been accustomed during the last four years.
The history of the present has been, a prediction of
a short supply from the united Stales; a consequent
spirited speculation, and large purchases on the part
of the Spinners to get into stock ; an advance of 2d
per lb. by the end of March. A cessation of de
mand from the trade ; an accumulation of supplies :
a fall in price of lid per lb. by the end ot July.
An apprehension of serious damage done to the
new crop; a renewal of speculation; arise of id
per lb. during August and September. A convic
tion of a large crop, a difficulty in the money mar
ket, and a fail in prices of Id per lb.; leaving us now
about id per lb. above the starting point of the be
ginningof the Tear, and such has been with few
exceptions the history of the proceeding 3 years,
from which it may be inferred that opinion not only
anticipates, but exceeds in effect those, events which
at a later time might have influenced the market.
That being the case,it shows upon how unstable a
foundation some of these fluctuations have been
based, and how unsafe it is to trust to the continu
ance of a favorable feeling in the Cotton market,
when it has sometimes been found that the intelli
gence received by a single New York Packet, has
pul a stop to a good demand arising from .pecda
tive causes. After having watched our market
closely for many years, we have learned i.ot to
place much cofi'dence in its stability when acted
upon by excitement, and it frequently gives us great
pain to witness the effect produced in the United
States by the high prices paying here, since the ar
gument that our market must keep up or even ad
vance, because of the high cost of the (upplies com
ing forward, has never the slightest effect. The
Supply has been larger by upwards of 100,000
bags than last year, which increase is almost entire
ly in the Fast. India descriptions. Os the increased
produce of the United States crop we have received
none, it has gone partly to the Continent and has
been partly absorded by the increased wants of the
American manufacturers, but we have felt the ef
fect indirectly upon our exports, in as far as the
Continent has drawn considerably less of American
Cotton from us, viz ;
Year American Total
1355 41,800 92,400
1838 16,300 97,200
Stocks and Consumption. —The stocks shew a
decrease in the quantity of American Cotton, but
this deficiency might easily have been made up by
a continuance of westerly winds: those of Brazil
and VA est India Colton are somewhat more and
those of Egyptian Cotton somewhat less, whilst
those of Fast India Colton are double of what they
were last year. Respecting the stocks held by the
spinners we must admit that according to appear
ances we have overrated litem in our periodical re
turns, and that the allowance of 9tt() bags per week
which we thought, would have amply covered the
increase upon the consmnptcn of last year is insuf
ficient: this may be partly explained hy the larger
quantity of small packages w hich has been consum
ed, but there is certainly a positive increase of the ■
consumption beyond it, which will be observed
more correctly fom the annexed table of the
stock, imports, and deliveries of Colton, reduced to !
bales of 300 lbs, according to which the deliveries
have increased by 11 per cent; this however is not
a correct way of judging of the actual consumption,
for the trade must hold now about 20,000 bags more
than they were considered to hold at this time 1.i..r i
year, which of course reduces the consumption ac
cording to the deliveries from the ports by thus
much. The following reasoning leads ns to this
conclusion ; we assume that under ordinary cir
cumstances the trade never hold less than 3 weeks'
consuir.pt on, and looking at the operations of the
trade during the last G weeks, since which time they
have begun to purchase again more extensively, w e
fix upon that as the period when their stocks wore
at the minimum,which with what is held by the dt al
ers and what is in transitu cannot be less than 60,000 |
bags, and we add the excess they have taken du
ring the last 6 weeks which, considering the reduc
ed quantity required on account of the number of
mills out of work, amounts to about 25,000 bags,
making an aggregate of 85,000 bags against 65,000
hags the stock of last year ; the relative Consump
tion of this year and the last would therefore stand
thus :
1835. 1836.
Ptock in the p.irls Ist Tan. b. 186,600 230,000
Ditto in the hands of the trad *, fia.oro fij itoo
Import, 1,091,000 1,200.1.0)
Oars 1,342,00(1 1,406,000
■ ‘Export, hags 02 000 97,000
Stock in the p0rt5,230,000 280,000
Do. in tfie interior, 75,000 90,000
Tags 955,000 1,020 00a
• I
Or per week, Rags 18,305 19,615
And the weekly deliveries from the port have
been, — Year U. States Total
1835 14,0 il 13,353
133 G 14,785 £0,096
; The consumption has gone on very steadily
| throughout the year, with the exception of the laat
, j six weeks, during which the disputes between the
, j master spinet s and the operatives have caused bo
i tween 50 to 70 mils to he stopped, which may
} make a difference of about 2500 bags in the wot k’y
| wants of the trade. The high prices which h ive
i been current for Yarns and Goods do not seem to
have interfered with the consumption, since there
lias been almost always, a sufficient demand to pro
ve nt any accumulation of slot k, and the consumers
appear to have become mom ilrd to the present
high range of priors The growing extension of the
trade to the Fast Indies, Persia, and C bin a, added
to an excellent home demand, has taken offquite as
1 much as the additional mechanical power, wh.ch
come into operation this year, could supply. There
is not, perhaps, a year on record during which ti e
spinners have reaped a more ample harvest. Weav
ing has not been so uniformly good a business, the
printers havcjoccasionahy complained,and we be
lieve, with reason.
The question of SUPPLY can only ho discussed
correctly when we forward our general statement
of the Cotton trade in Fmope, hut meanwhile we
are anxious to communicate oar ideas upon this sub
ject as early as possible. From ail the Communica
• tions we receive from the Cotton growing countries,
we must come to the thorough conviction, that the
impulse which has been given to the production by
the high pr ces of the last four years has t; k n full
effect, and .h if, aided as it has been by favorable
1 seasons, the supply in 183/ will considerably exceed
the utmost power of machinery in working up, in
creased as that power may yet be by the addition
of new mills, and that consequently, we shall have
a larg’ addition to our stock at the end of 1837. Out
of a crop of 1,500,000 bags in tfie Foiled States,
we may fairly suppose to lie made, Great Britain
t will probably not receive less than 850,0( 0 bags; as
suming 110,000 bags from the Brazils and the West
Indies, 200,000 bags from the East Indies, and per
haps, 50,000 bags from Egypt,we have an aggregate
of 1,230,000 bags, and deducting lOO.ODObags for ex
port, a supply of 1,180,000 bags will remain for the
wants of Great Britain. The
. Prospects are therefore such ns to call for great
caution, for it appears to us probable that the distin
guishing feature of the year before us, will be a con
stant tendency to a lower range of prices than we
have been accustomed to oflate, and this may per
haps lie felt more particularly in the prices of the
lower descriptions of American Colton, which will
probably be interfered vviih by the increasing ron-
Mimption of Surat Cotton. The stock remaining of
this description is large, and next year's import will
no doubt be abundant, —this will iurureto the tpin
ners a constant supply and induce the.a to adapt
their machinery to this descripton of Cotton, unless
a great reduction takes place in the price of low A
merican. 'The consumption of Surats has increas
ed largely during the last four months and we can
well believe that il maybe carried to the extent of
2000 bags per week if prices -continue to rule so
much below those of oilier descriptions. Y* T e know
that many of our friends in the United States look
upon the interference of East India Cotton with
F. States Cotton as chimerical, but a reference to |
the actual consumption and to the relative quanti
ties will corroborate our opinion. The prospects of
tiie trade in tiie manufacturing district are good,
there is as we have said before.no accumulation of
s ock, and the probable d; mand will take of! all ha
increased quantities which the additional mechani
cal power can supply, since it is demonstrated that
the demand for manufactured Cottons does notonly
fully keep pace but perhaps exceeds the mechanical
power of supply, and therefore, although the de
mand from some quarters may fall off, the aggragate
demand is likely to keep the Manchester market
constantly bare of goods; thence we may possibly
see the strange phenomenon during 1837, that whilst
j the trade in the manufactured article may be good
j and afford large profits, the trade in the raw maler
! ial may be dull and inflict losses. There is one
! cause which may seriously interfere with the Cotton
i trade, and which is giving rise to some apprehen- 1
sions; it is the spirit whch exists amongst the opera- '
lives, and of which the present dissensions at Pres- |
ton and Oldham are the manifestations. Their a- I
vowed object is to equalize the wages of Cotton
spinning in all districts, viz. to raise them to the high
est standard, although the difference in the price of
provisions, <, c. i« the various districts is very con
siderable. Iha present turn-jut is il' o nhined and
premature being in the worst season of the year,
and therefore it may not succeed at present: but it
is understood, at least apprehended, that the at
tempt v. ill he renewed on a general scale at a more
favorable season, and when the master s pinners are
very busy. Meanwhile these latter have united
in self-defence,and we may witness in the springer
in the summer a serious contest between them.
The financial crisis from which the commeica!
world has suffered, is by some considered as draw
ing towards a close: w e shall be glad to find it so,
but at any rate the consequences of the shock wdl
continue to be fed for some time longer, and the un
favorable effect upon trade in genera; wi • probably
he perpetuated for a further period hy tiie ch.ing> s.
which wiil no doubt be proposed in Parliament in
our banking and perhaps in our monetary system,
which changes, w hilst they are discussing and in
progress, must carry great uncertainty into all mer
cantile operations, and will induce the monied men
and institutions to act with more than usual caution
Entertaining these views we are anxious to impress
upon our friends the impolicy of any restrictions du
ring next season in the sale of Cotton, either as to
price or period, and we ark this proofof confidence
rum those of our friends who have been satisfied,
oy our arrangement of their business, that we exert
at ah times our best judgment for their benefit and
interest.
The anxiety which was felt on this side as to the
crisis m the monetary affairs of the United States,
has been raucii relieved by ihe surprisingly firm
manner in which it has been met bv the commer
cial classes of that country, and the hope is enter
tained that the ruinous sacrifices which have been
Irn,lllP*. 1 r n , lllP *. ;°' an< * which cannot be borne for any'
• • gi.i oi -uno, may soon be rendered unnecessary
h> ,a favorable change. 1
i ne quantity of American Cotton of thenewerop
ec« ,\ cu tins year, does not differ much from that
received last year, viz.—about 35,000 bags. We ,
find the new I pland.; of good color, but of variable '
and rather short stap'e.
h io:n Havre we lear.mmder date 23d instant, that
t ie iii.rket was very dull, ami that tho transaction*
m I . fc. Colton have been at rather lower prices,
riles during 8 day's, 2039 bags, including 1000 hags
, Orleans at 120 f. to 16 !). for a fine lot of 40 bags new
j Cotton ; 200 bags Mobile at 122 f. to 1371 f.; 450 bags
j ; piauds 1 Ic>l. to Josl. Ihe stock was 45,700 bases, ir
j clnutng 3.,0jU bags i idled States ('otton, against
19,Gild bags, including 13,030 hags Fnited States,
i last year. The i 'forgiana, from Charleston, w ith
1 800 hags Cotton, had been ordered from Havre to
this port. The stocks in the Continent generally',
: will show a large increase.
I 1 here has been a fair demand throughout the
j month, hiit the hoidei ' offered their Cotton freely,
par i.-ularly the now Uplands, which were con&e
--i qnently selling at a decline of about Jd per lb from
the opening price ; w i bin the last week the setting in
i of ;;;i easterly wind has given more firmness to the
holders, new ( plain!.-. have advanced id to id per
: Ik,and range now from hid to lid perlbforthe very
i choice middhng ('uiiou is wanting, and low quality
is seuingaf an advance ol id to id per ih from some
low f a'c made during tho mouth. The sales have
hern J! 1,620 hags, including 15;) hags .Sea islands at
J.)d to 31d, 9309 bags i plands at 7ld to i id, 5.00 Or
leans at /id to Mid. Js');) bags Mobile and Alaba
ma at bid to lOjd,f>7o hags IVrnnmsal lUldto I2id,
G.'f h>gs f chins a' t'd to 12d, 500 flags Muraiihama
a: I d to 12id, 10.) hags Demerara atff-d to 1 !d, 100
hags Carthage:,n at 71.1, !00U bags Egyptian* at
1. id to lad. and 110 ) hags Jurats fid to7id. Spec
! nlators took 1000 bags American Cotton, nml 200
! bags >nrats. ino import consist* of 3250 hags, in
i eluding 2809 hags American.
The price of the in-cnor d-scrip-mn ■ of American
j -olton is nearly the .-rune at this time last yea*,
hut Ivor nnd upward ■>.arc Id per lb. dearer. Brazil’*
and I'gyp'ians are without much change, Initßurata
arc .ror.i i to Id per lb., for the good to I|J per lb.
for tho ordinary below the quota dong of this day 12
months. Wishing our friends health and happiness
during the ensuing year,
V/e remain, sir. your very nidi, serv'ts.
GUiFil LAMBERT Ai CO.
P. S. '2d .iutfury, I (37.—'! here was a go«*d de
mand on Saturday a'ter the stock was taken, about
-'5 0 Iwr. were M-hi, inch ling 30.0 b.. ns American
on^pe-uiaiu.n; :o 'ay there . a very Fur inquiry,
eh** by lor oni oilun, lor u.iich bis b. r. prires aic
a. ked, and the hie ine; « v-.i;i probably not he less
th.-.ii 5.44 J ba-.s. Ihe independence, N ye, Facket
oi tiie nil nil. from >evv York, was several days
ago off Cork, and larded passengers, hy which, pa
in is to the ii>. were received lu re.
IT A A RF, .-■(*. 23.- ( o’tons. —Our ec'‘nn market
has con* lined in a very d-ii! rf.Pe throughout the
last eight days, an! aithough r.o f Tiber decline can
bo quoted for Unfed States short staple, still we
remark tha' tiie transactions effected in these sorts
have not generally taken p'.iee, without more or less
eonce- .s;on- in favo rof tic-buyers. f lhe sales from
the :s:h to rlic22d instant inclusive, have been 2039
hales, consisting of KK>d New (»r!rans. nt f. 120 to
f. iG-1: the lasi price for a fine lot of 40 hags now'
cottons: 201 do Mobile, a: f. 122 to f. 137 55; 457 do
■ pland, at f. 118 to f. K 5. "he supplies received
amounted to 7511 Figs United Slates, ami 40 do
St. Doming! .
I- .. .... ~ IV,.
AUGUSTA, G A .
TUESDAY MORKISC, >ERHUAKY C. 1737
a h ive a mass ofiiitercsfirig ma"er. w hich
we should h.ke to present to our readers; hut our
space is so limited, that we mu.it content ourselves
with L’ivinga little at a tima, and alntain from occu
pying much room with our own remarks. Wo mvo
in this day's paper the latest proceedings of ihe
Congress of the United States, and an interesting
circular respecting the Gorton Trade, received hy d
late arrival at New York from Liverpool.
It will be seen by the Congressional proceedings,
that Mr. Van Buren has been declared a- duly elect
ed to be President of the United States from the 4th
of March next, and that Col. Johnson has been
elected by the Senate, Vice President of the United
State'.-.
Extrasrcceived yesterday from New York by
the Express Mail, state that the lase arrivals from
Europe, bring the information of another attempt
having been made on the life of King Louis Philippe.
This event had produced great sensation in France,
and created much uneasiness in regard to the fu
ture.
The ( olton market at Liverpool, January 4, was
in a good condition, but at Havre, December 27, it
was in a declining state, fair Georgia Cotton had
been offered at 127 f. 50c.
Wm. 11. .Toner, Esq. was on Saturday lart, elect
ed Teller of the Georgia Rail Road Rank of this city.
The follow ing gentlemen were yesterday elected
officer-- of the town of Hamburg, for the ensuing
year: Inlendant.
Maj. W. W. STARK,
Wardens.
Robktit Anuf.rso.v, I Britto.v Mims,
Geo. W. Mayson, | Joseph Woods'
B. F. M’Donald, | James Hubbard.
[COMMUNICATED.]
Gentlemen, —When the author of “Free Trade”
shall satisfy the public that he can admit a man
honest and independent, nnd yet differ with him in
I opinion, he may then be entilled to a reply from a
rational man. But so long ns he condemns wilhout
reason, in such terms ns “nnd were obnoxious to so
many suspicions with one half the people, that no
stronecr reason was then necessary, to produce
condemnation of that or any other doctrine from
that quarter, in the minds of Jackson mer,
<A-c.’ Now, what does this writer mean hy the wort
ps.od, in the above quotation, and the
“ then ”? Is not ridicule here substituted for reason!
What else docs this self-conceited slang-whanger
intend, but riaiculc? Does he consider the doctrine
of nullification more acceptable in Georgia uov,
than it was at his fatal U theu"? He professes to ar
gue one thing, the tariff, and sets out with a justifi
' ea’ion of the thousand times condemned and loatft
| some men and measures of another State. Will the
| author of “Free Trade” tell us, why and wherefore,
j it was so easy to procure “condemnation of that or
any other doctrine from (hat quarter ’? Was it on
account of the uniform and consistent opjmsition
given by his favorite men in that quarter, to the
United States Bank, and the Tariff, and their uni
versal support ofoeorgia s rights, or was it because
they were men of “loose principles, or rather, ne
principles”?
Suppose a complete refutation of all the argument
of “Free Trade” written out, printed, and handed
to him; so full that kis mouth, upon that subject
should he hermetically scaled; could he not then
squall out, in the language ofa true whig, “and more
over. the people may he, since it is no longer ne
cessary to his support, willing t„ think for their
srlres Ac. V, hat is tho inevitable conclusion of
this writer’s mind: surely that the friends of General
Jackson do not think for themselves, but ran as they
are bid, mere noses of wax. It is believed that such
sycophants of aristocracy are not entitled to a reply
Again “and the latter has, ui his h,r» rnr-ssa^.