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[From tie Globe.]
A YEOMAN.
A correspondent, who represents a class
which has ever done good service in the cause of
freedom, is not wanting in spirit and power to
the character ho has assumed. He draws a
strong bow, and sends a keen arrow with uner.
ring aim.
Those who read tho firat column of the com.
municalim on the preceding page, and read no
more, may set it down in their note books that
they are devoid of taste for fins writing, and
are dead to the feelings of patriotism.
For thi Close.
“ MONEYED ARISTOCRACY.”
Mr. Editor : Tnere is a hollow cant, a sickly
fastidiousness prevailing, which shrinks from
calling things by their right names. One of
the objects of its peculiar aversion is the phrase
prefixed to this letter, the use of which has cal.
led down upon your devoted head such bitter
denunciations. Despising this hypocritical de
licacy, as much as I do that which it would fain
shield and protect, I shall, without scruple, cm.
ploy the obnoxious term, as characteriz.ng die.
linctly and emphatically this spurious excre
scence, which is spreading itself over the body,
politic and social, of our young and rising Re- j
public. The thing unquestionably exists. Why,
then, should we mince and falter, or hesitate to
call it by its appropriate name? Yes, sir, a mn -
Keyed aristocracy (that is the word) is not gra
dually, but rapidly, growing up, beneath whose
overshadowing influence, if. wc take not timely
heed, our young and yet vigorous institutions
must sicken, wither, and die. A huge, parasili.
cal plant is clasping our noble tree with its fatal
embraces, which, unless we look to it Well, will
drink up the wholesome moisture, and poison
the very juices of its life. A class, strong in
numbers, but still more powerful in means, is
striving to bring all others in subjection to it,
that it may establish on the ruins of virtue, lib.
erty, and independence, a degrading ascendan
cy. He must, indeed, be a poor observer of hu
man nature and the progress of events, who has
not delected, in tno political contests which
have agitated our country for some years past,
the evidences of this sordid aspiration. Sir, a
war has been carried on, and still rages with
augmenting violence, lictween wealth and free
dom—between the power of money on one side,
and tile power of principle on the other—the
issue of which, if not doubtful, is still undeci
ded. The battle between the Bank and the Go
vemmont, for it yet rages, is, more properly
speaking, a war between tbe bankers and the
people, and believe me, there is more at st ake in
the contest than the triumph of a man, or the
existence of an institution. It is a common
mistake to look upon political events as isolated,
occasional, accidental, or entirely independent
upon each other. The seminal principle, the
efficient cause, the moving though secret
springs, are not detected by the merely superfi
cial observer. This mistake has been made
with regard to the political events that have
lately agitated, and are now convulsing the
country,—which have been attributed to certain
men, to uncertain accidents, and Ido not know
what other causes or influences, equally unsatis
factory, and inadequate to explain them. Peo
ple forget that men are but instruments, even's
but opportunities, and that the essential princi
ples of things lie deeper, and are more vital ami
enduring. Let us seek to trace effects to their
causes to reduce mere phenomena to their prin
ciples.
There has existed in all countries, in all free
countries, at least, a feeling which renders the
producing or agricultural class jealous and dis
trustful of those engaged in commercial and pe
cuniary pursuits. Perhaps the first and most
natural division of political parties is into those
of town and country. By some, this mistrust,
ful feeling has been characterized as unworthy,
illiberal, and dangerous. Those who so deem
it are but shallow observers; mere pretenders to
political philosophy. This sentiment—founded,
like all those which arc universal and enduring,
in human nature —is of instinctive sagacity, and
offers to a nation one of the strongest guaran
ties for the preservation of its liberty and happi
ness. I assert, without hesitation, that the pri
vileges of a free people are not safe in the hands
of the financial classes. Without meaning any
personal disrespect to merchants, many of whom
I esteem highly, and whose flourishing exis
tence I deem indispensable to the prosperity of
a great nation, I affirm, without scruple, that, as
a class, they are not so profoundly and perma
nently attached to a country as those who are,
in a manner, fixed and rooted in the soil. They
are not absolutely identified with the land which
they inhabit, hut are, to a certain extent, cili.
leas of the world. They live on the outskirt,
the mere edge of tiic country, and can readily
take to water on the first danger or alarm. The
commercial world, which embraces in one vast
empire the four continents, with their tributary
islands, is co-cxtcnsive with the dominion of the
winds and the waves. Its capitals are London,
Amsterdam, Canton, Now York—not Washing
ton or Harrisburg; its thermometer, to use the
phrase of one of its own orators, is hung up in
the English slock exchange. “We owe our
first duty to foreigners,” exclaims Mr. Biddle,
who avowedly takes his cue from the Barings
and the British bank parlor. lam not surprised
at the distrust of the simple countryman, when
he hears foreign sympathies and stranger influ
ences so ostentatiously proclaimed.
The overgrown fortunes, too, which arc accu
mulaled in the lottery of trade and speculative
adventure, arc destructive of that equality, that
happy mediocrity, which it is the interest, and
should of course be the object, of republican in
solutions to cherish and promote. The exten.
siva connections and indiscriminate foreign in
tercourse of merchants are fatal, or at least un
favorable, to that exclusive feeling of country,
that fixed, local attachment called patriotism,
which, however the cant of modern philanthro
pic may decry it as but a more expanded sel
fishue. e, is the only safe basis upon which to
creetthe edifice of national freedom and happi
ness. A man should love his family first, then
his country—with an equal ardor if possible; as.
ter which, if lie have any tenderness to spare, he
can bestow it upon the world at large. This is
the dictate of common sense, the lesson of uni.
versa! experience leaches, which, after all, in
matters of this sort at least, it will ever be found
safer to trust than to the crude speculations and
glimmerings of the visionary theorist.
Neither are the pursuits of commerce and mo
ncv.deaUng favorable to the growth or preserva.
tion of those simple habits, those homely virtues,
nose masculine qualities, which nourish liber.
7 and promote true and lasting happiness. The
the country is the true home and
fSm onUlnoflibert y- That lhe edi^e
deentv 1 m f y enciure * ils foundations should he
S i V h ? Sol1 ’ it 9 am l )le base spread
rS,Td h ' W l»»“. »in war, it,
tides P. ro /P cnt y> »n all the fluctuating
s v, the safeiy^pf° rll ‘ m: ’ the ha PP ine#s , lhe g‘<*-
uoon its h I country must rest chiefly
lion ami support 5 ? USt lo ° k f ° r P rolec ‘
h * lm P le ’ true ’ hon est, un
iand.‘ Vais k » , J lC< l rrUpt ? le cul,ivators of the
Hon of its existence , dW deßtin - v condi.
1 £“* a ' ld thereforc usable,
amply repaid W def * Dded ’ is
Ugonist class ™ ected contempt of the an
with these men of,if* ?r ° Wnquite . the fashi °n
to arrogate to themself. and lnterest ta ble,
to assume airs, as 0 r . ■ , a proud superiority;
distinction; to talk < fih» birt , h ? nd P atncian
an inferior class or cast, P 6O m as of
Mr. Biddle tb« n ’° b ’ a popuiace > a
money changers, in an oiatiJT 11 ' 0 ?- and idol of
some college, which, bv th before
want of delicacy, he nidi ih' ’ w ‘ th , singular
impotent spite and di T ® h ‘ cle of his
that stings itself to deatlS^tP^ 1 rancor
in a circle of fire, talked about f ? p 0Q Wlth ‘
tism, a servile route, and v en )
cently consigned the whole 7 and de *
—Sr * iu
I lively however, to the penitentiary. By rUat t
right, 1 ask, does this arrogant money monger a
parade such insolent contempt for the majority I
of his fellow-cilizens? men, in every noble and 1
estimable quality at least, upon a par with him- i
self. When he talks of the penitentiary as a fit 1
place for his betters, does be not recollect that, I
like them who are destined to be its inmates, he i
actually lives by the turning of money; and I
that Hie professed avocations of those of whom i
he is the head, of brokers, usurers and money
changers, are much more akin to the actions i
that consign men within its walls, than these
arc to the simple, honest, industrious pursuits of
those whom he so impotently stigmatises ?
Sir, I am made sick, when I hear these people
an ogating to themselves aristocratical preten
sions, or patrician honors. A pretty idea they
mast have of an aristocracy, who would com
pound it of such sordid materials. There is
much room here, indeed, f>r the “pride of her.
aldry, the pomp of powei.” “A little civit, good
apothecary, to sweeten my imagination!” Let
me tell these gentlemen, that if an aristocracy
were to be established to-morrow, its elements,
it* materials, would not be sought for in the stock
exchange in Wall street, or even in Mr. Biddle’s
bank. The cadets, the youngvrt branches, the
most distant offsets of the new institution, would
instinctively shrink naso arluuco, from such pla
ces, such associations, and such pursuits. Be
lieve me, they arc not a? all partrician.
Republican as I am, I can yet look upon a
genuine aristocracy without horror or repug
nance. Conscientiously, and from reason, pre
ferring our own institutions, as more consonant
to nature, more just in principle, and more con
ducive to the happiness of all, I can still see in
a properly constituted arisloc. acy, much to ad
mire and to approve of, much that flatters my
j taste, and appeals to my imagination. There
is a poetry and pageantry about it, to resist the
fascination of which requires no little strength
of principle, no little firmness of opinion. Il
lustrious birth, historical name, titles derived
from deeds ofknigluly enterprise,personal tradi
dilions interwoven with the annals of a nation,
associations which awaken in tiie mind all that
is proud and glorious in recollection, an eleva
tion from birtii above the necessity of sordid pur
suits and considerations, a splendid state, a no
ble hospitality, a high sense ofhonor, a refined
tone of manners, a grand representative dignity
—these and other kindred tilings are made to
influence us, and wc are made to be influenced
by them. They would, indeed, constitute real
titles, just claims, to our unrningled admiration,
were they not accompanied by correspondent
evils, which more than merely overbalance their
charm and advantage. But, sir, this is not Mr.
Biddle’s aristocracy. That is a thing of fresh
and fungous origin; springing suddenly out ol
the dirt, like a mushroom from the dunghill; vul
gar, coarse, and repulsive, with nothing to adorn
to dignify, or even to palliate it; a spur ious pre
tension, a degrading ascendency, which no man
of honor can tolerate with patience, to which no
man of spirit will submit without resistance. “I
am to have a master;” exclaimed the late Mr.
Randolph, “let him be one whom I can respect;
let him have epaulets upon his shoulders, a
sword by his side; let him he an Alexander, a
Caesar, a Napoleon;! cannot now bow down be
fore a man with a quill behind his ear.” This.
Mr. Biddle, is what / would call a vulgar des
potism; and a servile route is one that would
rather succornb to silver than to steel; which
hugs a chain of gold as less degrading than fet
ters of iron which would sooner march to the
clinking ofcoin than to the tap of the drum.
Sir, there is something in t his sordid spirit, this
pecuniary dependence, which is destructive of
all manliness, all true dignity, all genuine no
bility of character. It debauches the princi
ples, it perverts the taste, it withers the imagi
nation. In the eyes of these soul-bought pen
sioners, who live from day to day, from month
to month, upon the charity doled out to then., in
the shape of what are delicately called facilities
the president of a bank, or some overgrown usu
rer, is a greater man, a being £ more worthy ol
applause and admiration than the illustrious he
roes and benefactors of mankind. It is to him
they smg paeans, an J shout their acclamations;
j it is to him they offer their sacrifices, their ora
tions, their triumphs, of a form and degree un
recorded in the annals of antiquity. What
honorable man can read without a tinge upon his
cheek, for his fellow-men and for his country,
the vile flatteries, and degrading adulation, hea
ped usque ad nauseam, upon a mere bank pres
ident, an agent of money changers? And when
Mr. Biddle the other day deigned to visit his
good city of New York, was it not revolting to
see his parasites and pensioners precipitating
themselves upon his passage, thronging his per
son as if to touclvthc hem of his garment; watch
ing eager!} to catch an encouraging smile, or
anxiously soliciting a glance of recognition.—
Nunc dimiitis, I dare say, was chaunted by
more than one ardent worshiper on that event
ful occasion, and when the great man opened
lus oracular mouth, rnethought I could hear the
enraptured audience exclaim, “Tis the voice of
a gou! tis the voice of a god!” or at least,
“Peace, ho! Caesar speaks!” Like the Roman
Emperor, Mr. Biddle has had his apothesis in
advance. 1 think I see him, with proud humil
ity, making his progress through Wall street,
almost borne up uy the pressure of the admiring
throng; affable and yet arrogant; bending to
one wuh a graceful sweep, and bowing to an
other with a protecting nod; yet, like Malvoiio,
“quenching his familiar smile, with an austere
regard of control.” Uh for the pen of a Church
hill, the pencil of a Hogarth! This, again, Mr.
Biddle, is what I would call a vulgar despotism ,
a. servile route. “I thank thee, Jew, for teach
ing me that word.”
When too, a few years since, the bank, stung
to a pitch of fury by the withdrawal of the public
funds, determined to extort from the fears of the
Government and the agonies of the country,
their restoration, and its recharter, wantonly
crushed its miserable dependents, by recalling,
suddenly and capriciously, those facilities which
had been to them as tile breath of hfo, without
which they could not exist, was not the self-im
molating enthusiasm with which the poor dupes
and victims threw themselves before the crush
ing wheels of the great financial Juggernaut,
eager to snatch the palm of martyrdom, and to
seal their faith with their blood, worthy of a bet
ter, or at least a nobler cause? I can partake
in imagination of tiie rapture which kindles the
eye of the Chirislian at the stake, when his
sense of mortal suffering is lost and swallowed
up in the high and holy consciousness, the sub
lime conviction of the unspeakable glory that
awaits him. 1 can read with admiration of the
noble devotion of Curtins, when he leaped into
the fearful chasm, which the oracle had declared
could not be closed except by such a sacraficp.
I kindle with the patriotic fervor that glowed in
the bosom of the illustrious Swiss shepherd,
“Who gathered, with a wide embrace,
Into his single heart, a sheaf
Os fatal Austrian spears.” j
Yes, sir, it is glorious to suffer for religion or for j
liberty. “Duke el decorum est propatria mori.” ■
But to bleed for money s sake! to endure martyr- I
dom in the cause of the bank.' to die for Mr. Bid. j
die! this passes one! Iliad rather, if any thing, j
goto the death with Major Hamilton for his
sugar!
Mr. Editor, I foresee that the grand question— j
which tor some years to come will absorb all
others in this country —is the contest between
the people and this formidable money power.
Like Aaron’s serpent, it will for a time swallow
up all tiie rcst v It has been already, for some
lime past, at the bottom of all our political agi
tation. Let the people be assured of ibis: that
there is no peace, no safety, no honor, no lasting
prosperity tor them, until the money-changers
are driven from the political temple. If they
are true to themselves, I have no tears for the
issue; bullet them persuade themseives that
they have no common enemy to cope with. “t?u
erre a mart,” (war to the kuife,) must be their
watchword and their battle cry. Their adver
sary is strong, sleepless, insidious, unrelenting,
unyielding, and wields, besides, the most power
ful sinew of war. He is at this moment ela cd
beyond measure with hope, at the difficulties
and dismay which agitate and alarm the country.
He derives his consolation and oourage from the
fact that the hero under whom the people first
mustered to this war, and who led them on con
quering and to conquer, is no longer in the field.
Andrew Jackson, the last President of the revo
lutionary age and school, whose sagacity of soul,
singleness of aim, and sternness of resolve, earn
ed for him justly the proud title of Roman; who
is, indeed, a man after the “ high Roman sash,
ieo.” hat retired ts bis peaceful Hermitage, amid
the blessings of his friends, and the curses, loud
as well as deep, *f his enemies. Let us profit
by his precepts and example, if we no longer
have bis lead and his presence. Let his retire
ment be a signal for renewed energy, as it cer
tainly is a cause of increased apprehension. Let
his name, like Ziska’s drum, arouse all our ar
dor, and call forth all our courage. It cannot
be that this young Republic, the hope and admi
ration of the world, which has already achieved
such great and glorious things, is destined thus
soon to assume 3 yoke so vile and humiliating-
It cannot be that the sun which has risen with
such dazzling splendor upon an admiring uni
verse, is thus early doomed to undergo so dark
and dismal an eclipse. No, sir: I have geraler
faith in Heaven, in man, in freedom. I will not
thus criminally despair of the Republic. I see
in the vista of coining yeais a brighter prospect,
a more exulting vision. The young giant shall
not be strangled in his cradle by the poisonous
embraces of the loathsome reptile. No!
“ lie shall flourish.
And. like a mountain cedar, reach his branches
To all ihe plains about him. Our children’s children
Shall see this, and bless Heaven.”
A YEOMAN.
Correspondence of the Charleston Courier.
LETTER NO. 111.
NEVV-YORK. June 22, 1837.
Messrs. Editors: —The prompt reduction of
expenses by the citizens here, is equally wise
and praiseworthy. It shows an elasticity which
will soon enable them to recover. But com
merce still awaits its final doom. Whatever it
may be when known, the people are ready to
meet it. Suspense alone is intolerable —hun-
dreds are now “hanging by the eyelids.” Iftlu
European accounts show any advance in Cotton,
and promise a fair price for produce, they will
goon; if not, they will stop with tiie rest. 8o
that no man can tell where he is safe. There is
much distress, or rather inconvenience, in the
city for the want of small bills. The Legislature
forbids the Banks from issuing bills less than five
dollars. Specie is at 12 T 2 per cent, premium,
and the result is, we arc obliged to resort to the
small bills of other States, and no one asks
whether they arc of solvent or insolvent Banks.
I have suggested a contrivance to obviate this
difficulty. Thus, a man has a thousand dollars
on deposilc in a New York Bank, and wants
small bills—he has a plate for cheeks of one or
two dollars, and draws, say a thousand checks
of one dollar, payable when presented in sums
of five dollars, or any other amount equivalent
to the current Rank bills—on the face of each
check, the Cashier of the Bank writes his nam<
opposite to the word good, so that they thus be
come equal in value to the notes of tbe Bank it
self; and tiiesc checks, neatly engraved, will an
swer all the purposes of small Bank notes, and
the issue being limited by actual deposite of an
equivalent in Bank tails, is perfectly secure. If
the Charleston Banks, which are not authorised
to issue small bills, would adopt this plan, their
customers might thus split up a sufficient am
ount of their notes to answer all the purposes of
citv use. Tiie form may lie thus—
CHARLESTON, July 1, 1837.
Cashier of the STATE BANK
Pay to Samuel We ago. or Bearer.
One Dollar, when presented in sums of Five
Dollars, in current Bank Rills of this city.
(Signed) SAMUEL WILSON.
This cheek is good Sam. Wragg, Cashier,
As these certificates are signed only on depo
site of city hills, the Bank is secure; and when
the checks are paid, they may be received on a
similar deposite, or paid out to any person willing
to receive them, and thus constitute a currency,
as over issue is guarded against by the deposite
of a similar amount. The expense of a plate
will not be much, and the labor of signing will
be well repaid by the facilities it will afford ; and
being drawn by well known dealers, forgeries
will not be likely to be attempted. Like all first
impressions, this plan may be improved upon.
Bui I think it will be found a practicable mode
of bringing out a sound currency of small notes,
whose value being certified, is equal to Bank
notes. lam persuaded it will he the only re.
sort here, to prevent our being flooded with small
notes from irresponsible Banks.
Foreign trade is not exactly at an end, but it
is carried on so sparingly, that this great market
can be glutted by importations, which would, in
good times, have had no effect. Money is so
valuable, that it is only parted with from actual
necessity—all mere luxuries have fallen fifty
per cent., and those who deal in them, and had
stocks on hand, must be ruined. The value of
our Southern market to the mechanics of the
North, is being fell and appreciated. Abolition
is now abandoned. Like all fanaticism, it is
feasted on the abundant means and time of its
dupes. There are few contributions collected,
and the intimate connection between the ability
of the South to buy, and the absolute livelihood
of the Northern mechanic, is felt in that most
sensitive organ, the purse. When Cotton fell—
well might the laborers of the North, say “you
and I, and all of us fell down.” This community
of interest is a sure and effectual check to a dan
gerous attempt of fanatics. Men have some
thing to do besides listening to “ addresses” on
abstract rights. Women must now stay at. home, J
and do their domestic work—they cannot afford
to listen to the ravings of young clergymen, who
know nothing of the world hut what they have
learned from their hooks. The storm which is
ravaging the country will blow away many a
pestilent congregation of folly and fanaticism,
and severe as the suffering may be for a lime,
the end will be good. The fatal influence of
political manoeuvring is already felt. There
will be no concert; no concession; no compro
mise of opinions in Congress—each party will
abuse the other, and all measures will h > shaped
to suit the next election. Already Mr. Web
ster is nominated as the available candidate of
the opposition. He is to be identified with Mr.
Bidoi.e’s Bank. The South will look on, and if
Van Boren adheres to his promises, and carries
out the democratic principles ofState Rights, as
understood by the Madison school, he will secure
the South, where there is little personal predi
lection for either ofthe available Whig candi
dates,but a great sensibility upon questions invol
ving the rights of the State;: to the most perfect
independence in relation to her domestic insti.
tutions. The tide of emigration is setting West.
The North-west will settle fast, as full grown
laborers are coming in by thousands, so that
land speculations will yet be realised in a few
years; at the South-west the successful specu
lation will he in laborers. Every settler in Mi
chigan, Illinois and Wisconsin is a new custo
mer to New-York. The foundations of her pros,
perby are untouched—it will rise every year
higher and higher. OBSERVER.
SAVANNAH, July B.— Fire. —Wc have re.
ccivcd from Mr. William White, Pilot, the fol
lowing particulars of a fire ou board the barque
Mary Kimball, of Marblehead, Capl. Freeto,
which was cleared for Liverpool last Wednesday,
with a cargo of 1051 bales Upland and 268 bales
Sea Island Cotton.
A smoke was discovered by the Steward, on
! Thursday morning about seven o’clock, issuing
[ from the side of the vessel, forward ofthe main
j hatch. He immediately reported the same to the
I Captain. The Barque was at the time under
| way for sea, and near Long Island. She was
J brought to an anchorage at the lower end of the
Island by Mr. White, the Pilot, on (ward.
Mr. White, at the request of the Capiain,
came up to the City to inform the Consignee
and to procure the necessary assistance to extin
guish the fire. The steamboat South Carolina,
with a Lighter and an Engine, was despatched
to the Barque, and reached her in the afternoon.
—With the exertions of about sixty men, (in
cluding the crew,) all under the direction of
Messrs. Thrower and Coles, who worked ail
Thursday afternoon, all that night, and yester
day until about four o’clock, those on board suc
ceeded in extinguishing the fire, by boring holes
in the upper deck, and forcing water throi gh
them. About eight o’clock ; esterday tne
decks were thought sufficiently cool to take off
the main hatch, when they were able to get out
a number of bales of cotton, thirty or forty of
which being, more or less, on fire, were thrown
overboard. On Thursday night the barque was
lowed up, while on fire, by steamboat, to Five
Fathom, abreast of Fort Jackson, to be nearer
the city, the engine playing all the time into tht
ship. When the fire was extinguished the ship
had seven or eight feet water in her hold—eon
seqncntly the cargo is much damaged.
’ The ship is still lying at anchor at Five Fath.
oni, and as soon as she esn be pumped out she
will be brought op to Ihe City.
Both the vessel and cargo are insured, the for
mer in Boston, and tlte latter in London. Until
the carpofia discharged, the damage cannot be
estimated.-— Georgian.
* AUGUSTA, GA.
TU. BDAV MORNING, JULY 11, 1637.
#3rWe have been requested to state that Checks
on New York, at sight, may be purchased at the
Bank of Augusta, with notes of the Central Bank
of Georgia, at par.
83T We stated in the notice we took of the elec
tion for a member of Congress in the 3d district of
Pennsylvania, that public feeling was always fluc
tuating in that district, and that if any victory has
been won, it was by the democrats. To show that
we were correct in our position, we gave only the
result of the elections which took place in that dis
trict in 1834 and 1336, which should have been pre
ceded by the result of ihe elecrions in 1800 and 1832,
and which we now lay before our readers. Col.
Wntmough is a decided whig and Bankman.
In 1830, the majority of Watmough over Miller
was 672.
In 1832, the majority of Watmough over Burden
and Lewis was 931.
In 1834, the majority of Ash, the democratic can
didate was 1150.
In 1836, the majority of Harper, the democratic'
candidate was 93.
In 1837, majority of Naylor over Ingersoll, 231.
GEORGIA BANKS.
The Globe, in giving the statement showing the
condition of the banks located in Savannah, w hich
we published a few days ago incur paper, observes:
“The above condition of the banks in Savannah is
worthy of all imitation elsewhere. Specie pay
ments would be resumed 10-monow, over the whole
country, had the banks been generally as provident
as those in Savannah. In fact, the hanks in the
Stare of Georgia take the lead of all others.”
The hanks located in Augusta, exhibit a condi
tion which must be gratifying to their friends, and
to those who fed an interest in the credit and repu
tation of onr Sta e abroad. According to state
ments recently published by five of o>.r banks,
namely, the Rank of Augusta, .Mechanics' Bank,
Branch of the State Bank, Brunch of the Georgia
Rail Road Bank, and the Insurance and Banking
Company, out of s x in operation in our city, their
circulation in the beginning of June amounted to
81,513,814, and m the beginning of this month to
§1,343:535; showing a reduction of circulation in
one month of 8170,253. In Ihe beginning of June,
these five hanks had in specie $765.5>5, and in the
beginning of ilus month §770,336: showing an in
crease of specie in one month of 84,801. In the
beginning of June their promissory notes, bills of
exchange, <fcc. amounted to §4,763,926, and in the
beginning of this month to 84,551,373: showing a
curtailment of 8217,053.
EXTENSIVE CONFLAGRATION.
The Charleston < 'trtirj'cr oftlieT th instant says;
“At a quarter past 3 o’clock, yesterday morning,
our citizens w ere aroused from their slumbers, to
witness a destructive conflagration. It originated
in a Kitchen on the premises of Mr. Clark, South
side of Q,j. en street, consumed the dwelling of that
gentleman, and extended both Eastwardly and
Westvynrdly. The buildings to the East being of
brick, the flames did no' advance far in that direc
tion, although the wind was Westerly, but those to
the West, being chiefly of wood, every building
and out building, were swept to the corner of king
street, and down King street to the Quaker Meeting
House inclusive, which was blown up.”
NATHANIEL MACON.
The death of this good and eminent man, is thus
noticed by the Richmond Enquirer:
The whole nation will sincerely share in this
deep regret. —Mr Macon was one of those Patriots
who fill avast spare in thb nations eye.—He was
a long time a i. ember of Congress from the Sta’e
! of North Carolina He was in tbe House of Repre
sentatives in the trying crisis of ’3B-99—and for
many years afterwards.—He was once Speaker
! of the House —and he subsequently served ns a
, member of the Senate of the I nited States. Atall
times lie was a Cun Republican—the pure Patriot
—the excellent. Citizen—the honest man. No one
evermore completely realized the elevated char
-1 after of the Roman Poet, “ Justum et tenacem pro
positi virum." But we forbear.—We leave it to
abler pens to do justice to Nathaniel Macon.
He was ihe bosom friend of Jefferson and of
• Madison—No one was more devoted to him, than
John Randolph—No one had formed a loftier
opinion ofhim, than he di 1 upon the most intimate
acquaintance. In the paper which he wrote for his
last wid in January. 1832, he leaves the following
memorable tribute in honor of Ins friend:
“To Nathaniel Macon I give and bequeath mv
o’dest high silver candlesticks, my silver punch
ladle with w halebone handle, a pair of silver cans
with handles and my crest engraved thereon, my
hard metal dishes that have my crest of J. R. mold
English letters engraved then on, also the plates
with the same engraving, the choice of four of my
best young mares and geldings, and the gold watch
by Roskell. that was Tudor's, with the gold chain;
and may every blessing attend him, the best and
purest and wisest man that I ever knew.”
1 LATEST FOREIGN INTELLIGENCE.
Our slips received on Sunday morning, contain
i ed later news from England, brought by an arrival
j at Boston from Liverpool. The following extracts
i are the most interesting :
[From the London Times, May 26.]
; Money Market.— Tbe abundance of money at the
: Stock Exchange induces the apprehension that we
! may have a new influx of foreign securities, and
i the exchanges once more turned against us. The
I remedy is easy and obvious enough, but it is not
‘ so easy to induce those who have Ihe power to ap
i ply it. Tlie banks should bring the dead-weight to
market. 1 Ins is so clear a policy under present cir
' | cuinstance that, were the directors not deterred by
i the paramount consideration with them of keeping
’( up the amount of the dividend, there could be no
j doubt of their willingness to resort to it without de
i lay, especially, bound as they are to give all the
j assistance that may be required to the American
houses. They cannot make money scarce by any
j arrangement out of doors that would not be a breach
j of such implied engagements on their part, and they
j could not reach the Stock Exchange by any other
process w hatever than that of selling public secu-
I rities.
| If any prognostic can be formed from present ap
j pearances, they will soon be driven to such a mca-
I sure, which never could he a’tempted at a more
tavorahle period At a full price the dead-w ? eight
annuity would find ready purchasers,and its intro
duction would check at once the introduction of
foreign stork, and probably in some degree of the
American hank paper.
The letters from Liverpool speak rather more
favorably of the state of business there. Some to
lerably large sales of cotton had taken place, chief
ly of American description, and at previous quota
tions; but they observe, that without some improve
ment in the prices of cotton, the large holders w ill
experience considerable difficulty in meeting their
obligations. Prices are still much below the rales
at which the goods were purchased.
There has been very little money business of any
k nd done to-day; indeed, the Stock Exchange, the
Royal F.xchance, Lloyd s, drc. have been compara
tively deserted. 1 very tiling wears the appear
! mi re of a holyday, and there was no topic to arouse
speculation or aetivi'y
In English funds there were, therefore, very few j
transactions throughout the day. Prices have not
been effected. Consols clo.-ed at 9 i sellers and
for the July account 9l| to J. Exchequer’hills
have quite recovered from the slight depression
which the rumored idea of reducing the inrefest
had occasioned, and they and the India bonds ar.
once more nearly equal in price. Exchequer bid
left'ff firm at 3tsto 36 s premium: India bonds are
35s to 37s premium; Bank stock, 20(7i io 7.
The Liverpool < hmnicle says that the letters
from the manufacturing uistrictsare more satisfac
tory. •
In Spain, the Queen’s troops had had a battle
with the ( arlists at Isun, and were victorious. The
Carlists were on the -retreat at the last accounts
The Portuguese Ministers had all resigned, in con
sequence of the decision of ihe ( ones not to allow
them under secretaries of state.
Letters from Toulon, state that Gen. Bugeaud
had man hed against Abdt! Kadcr.
LEV ERPOOL. ay 26. —Cot ton —W c have had
a good extent of busines doing this week, ami on
the whole, a firmer market at about Ed advance on
New Orleans, Vi.bile, and Rowed—Maranhams
h ive been sold at Ed to Ed under onr quotations of
last week, but good Pernams and Bahias maintain
the rates then quoted. In Surat, &c. there is not any
change
LIVERPOOL, May 26,— Cotton.— A good extent
of business doing this week, and on the w hole a
firmer market, at about Ed advance on New Or
leans, Mobile and Bowed. Maranhams have been
sold at Ea id under our quotations of last week, but
good Pernams and Bahias maintain tbe rate* then
quoted. In Jurats, &c. no change. There was
very little inclination to bid at tbe Bea Island offer
ed by auction to-day, and only three lor* w ere sold,
and those at 3d per lb. under the lowest sale of last
week, and at which decline business has since
been done. There has been a Terr good attendance
of buyers to-day, and about 4000 ban of all kinda
sold. Speculators hare taken 4500 bales American,
and exporters 900. One vessel from Charleston has
yet to report. Inportthis week 18,735 bags, sales
23,960. • Sales 70 Sea Island, 13. a 22d; 50 Stained
5 a 71; 5320 Upland 4 a 7*; 18,080 New Orleans 4*
a 8; 4250 Alabama, Ac. 4# a 74.
The Liverpool Journal of the 27th says, the busi
ness of the 26th was large, and the market closes at
an advance of Ed on last week. In Brazil no change.
Egyptians of common quality are about id per lb.
lower. East India steady.
LONDON, May 24.—Very little business doing in
any sort of Grain to day, it being considered as a
holyday. Prices may be quoted nominally as on
Monday. . .
NEW YORK BANKS.
We copy from the Albany Argus, the following
official aggregate statement of the condition of the
banks of the State of New Y»rk,on the Ist of June,
1837, taken from their reports to the bank commis
sioners, agreeably to law.
TOTAL RESOURCES OF THE 96
Discounted bills and notes, 64,391,299
Other loans, 5,132,565
Real estate, 1,790,163
Overdrawn accounts, • 523,014
Expenses and personal estate, 291,979
Bank fund, 623,593
Specie, , 2,802,313
No es of other banks, 5,181,889
' Checks and other cash items, 1,492,768
Due from city banks, ’ 6,044,209
Due from other banks and corporations, 7,090,007
Other investments, 3,219,124
898.582.937
TOTAL LIABILITIES.
Capital stock 34,351,460
Bank notes in circulation, 14,940,498
Loons to the hanks, ’ 3,495,682
Due canal luiii, 2,052,588
Due State Treasurer, 2,152,950
Due U. S. T reasurer, 4,143.389
Due Individual depositors, 14,526,813
Dividends unpaid, 136,160
Due city banks, 4,926;287
Due other banks and corporations, 7,595,783
Profits, 6,329,726
Other liabilities, 2.941,592
898.532.937
The foregoing statement embraces all the banks
in the state, With the exception of the Manhattan
C ompany, the Delaware and Hudson! anal compa
ny, the Dry Dock Bank, the Brooklyn Rank, the
t-ackett's Harbor Bank and the i.ockport Hank.
The charters ofthe two last named banks are re
pealed; the Brooklyn Bank, not having suspended
specie payment, is not required to make monthly
statements, and the Dry Lock Bank is under an in
junction,
THE WEST.
We have received two new papers, printed in
the new territory of Wisconsin; one at Du Buque,
in lowa county, called the lowa News, and the
oilier at Mineral Point, in the same county, called
the Miners’ Free Press. Both papers ore neatly
printed, and, judging from the specimen before us,
ably edited. We are well pleased w ith an exchange
with those papers, as we will derive much useful
information from remote bat interesting and
important section of the Union. We give below a
few extracts from them. «
[From the lowa News, of June 10.]
In the lowa District, (that is, the pari of Wiscon
sin west of the Mississippi river,) the Government
have yet sold none of the land, but the inhabitants,
numbering more than 14.C0b, are, according to the
’ old nomenclature, caded squatters. Since the Ist
day of June 1833, when the Dinted States first ob
tained possession of the lands of this district, which
' is commonly known ns the Balck Haw-k purchase,
I every person emigrating to the country has settled
; upon and improved any piece of land he could find
, unoccupied, we may well suppose that, ns each
new-comer has such a vast field oi fertile land, from
which to choose his farm, he would he s* mewhut
fastidious in his choice; and such has been the
fact. None but the choisest spots arc settled on and
s improved. So great is the facility of selling his
produce to tlte neighboring miners, that the farmer
j in the northern part of this district will undoubtedly
s be •■ble to realize from his tillage, writh ordinary in
( dustry, more than sufficient to pay for the land
, when it comes into market. Os course, land specu
’ talion has not affected the lowa District which has
. thus been taken possession of by the actual settler,
w hile lands on the east side of the river have been
l purchased during the late mania, in large quantities
I by persons who never intended to live upon or im
, prove them. Inconsequence of which, serious in
jury has been done to those parts of the country
where the land is subject to sale and entry at land
offices; and emigrants of small means, driven
across the Mississi pi where better land can be ob
tained hy mere occupancy and cultivation. This
■ cause alone is sufficient to throw the weight of
population and political importance in our territory,
upon the w est side of the Mississippi.
Notwithstanding the existing embarrassments in
every part of the country, our town continues to
flourish—a great many buildings are in progress,
and enterprize, which has lately received so great
n check in all parts of the I nion, seems with us
to have lost little of its energy. Messrs. Engle,
Booth & Co. are now erecting a large Steam Saw
Mill in a corner of the town near the river, where
they intend to carry on an extensive business— '
their Steam Engine has lately arrived from Pitts
burgh, and they expect to get into operation in a
bout two months. We wish them success in their
undertaking.
Egypt against the World. —We have been in
formed that Mrs. Elizabeth Knoles, wife of Mr.
Ephraim Knoles, living in Egypt settlement, in this
(Ross) county, on Monday last, was delivered of :
I four living children ! all of whom are females. 1
, They are all doing well.— Chillicothe Advertiser. |
Wisconsin against Egypt. —Mrs. Ornt, near
Platteville, lowa coun'y, was delivered of four
children at one birth—two sons and two daughters!
i [From the Miners' Free Press, of June 7.]
The papers from every quarter teem with no
' tices of the pressure and distress in the commercial
world. The banks in all, or most, of the Eastern
( cities have suspended specie payments, 'and great
derangement in the currency of the country must
he a necessary consequence. We have copied
( largely from the leading prints on this subject, em
| bracing the views of hot h the existing political par
’ lies By one party all this difficulty and distress
: has been attributed tothe famed Treasury Order—
’ the odious specie circular, but they have omitted
r to state in what manner and by what means this
evidently prudent intention of the Government to
, suppress speculation in the purchase of the public j
lands, and to preserve the depositories of the pub
lic moneys from the ruin, that would inevitably re
sult to them by lending its countenance and facili
ties in affording dangerous and excessive credits,
to be used by avaricious speculators in a monopoly
’ i ofthe public d main, has effected the embarrass
’ ' ments which have overtaken the commercial,
1 manufacturing and banking interests of the conn
-j try. Has the Treasury order, simply requiring
, ! payment ofgold and silver in exchange for the pub- j
j lie lands, done all this? Why, the monetary affairs ;
j of England are not less settled than ours. We
| leave it however to the impartial examinalionofthe
i people, divested of all bias in favor of any political
opinion, to determine how far this statement is en
titled to credit. In the spirit of speculation and ex
travagance, in the rase of over-trading and over
banking which has beset the country from one ex
treme to the other, we are of the opinion, the right
ful cause is to be found. Who, among us that have
known aught of the immense speculations in
Southern and Western lands, and the enormous
prices which have been paid (or taper cities and
towns, for lb* last eighteen months, but has pre
dicted jus: such a state of things! The only snr
| prit-e is that the storm has been averted >o long.
VERMONT.
At a democratic State convention, he!d a! Mont
' pelieronthe 21stof June, at which 400 delegates j
! ass* milled, the follow ing resolutions, among others, ■
were adopted:
Resolirfd, That alilaws should be framed with a j
| soli; regard to the general good, and should embrace
such provisions only as operate upon the interests, (
wants, rights and immunities, common tothe whole I
people:—
Resolved, therefore. That all laws for private be
nefit and emolument —confering exclusive privileges
upon a few, and calculated to operate upon the
business and property of men, arc a departure from
the theory of our instituions—a direct attack upon
the social principle of republicanism and a triumph
ofthe selfish spirit of monopoly and aristocracy.
Resolved, 1 hat ns a political part y we w ill be
known by no other name but that which is expres
sive of our principles - , as democrats, and that we
w ill carry out those principles particularly in oppo
sitionto monopolise.secrei societies, special legisla
tion and every species of encroachment upon tbe
great lundamental doctrine of equal rights.
Resolved. That we will give our cord'al support
to the National administration, so far as it shall car
ry out the principles of democracy, in recommend
ing, protecting and defending the great and general
interests of the nation.
Resolved, That in all our elections to political
official stations, we will select and support such
men as will publicly avow these our political sen
timents.
Resolved, That in the opinion of this Convention,
the present wide-spread and disastrous derange
ment of the currency, is not the result of any mea
sures of the general government, but has grown, as
go inevitable consequence,cut of the incorporations
throughout the country, whereby the currency of
the nation ha* been ntede toe exclusively a pa
per currency, liable to constant end dangerous ex
pansions and contractions, which necessarily bring
with them the evils under winch the community is
now laboring.
Resolved, That until the currency of the country
is brought back to the standard contemplated by
the Constitution, and the banking system divorced
from politics and legislation, there will be no safety
for the mass of the peeple, upon whom fall the
evils of a deranged and depreciated paper system.
Resolved, That no remedy is to be found for the
defects and dangers of our present banking system,
in the incorporation of a United States Bank.
Resolved, That the chartering of a national bank,
with power sufficient to control the State Banks,
would be in effect establishing the supremacy of the
monied, over the political, power of the nation, and
bring the people, their rights aud their interests to
the foot of a gigantic monopoly.
Resolved, That we will oppose every effort for
the establishment of a United States Bank and the
increase of State Banks, and will endeavor, as far
as possible, with a due regard to the public interest,
to restore the currency of the country to a proper
metalic basis.
Resolved, That while we reverence the name of
Whig-, as understood and applied in a former period
of our history, we can have no fellowship with the
modern use of that term, connected as it is wiih the
support of principles of an anti-republican charac
ter and tendency.
Resolved, That we, as democrats, cannot justify
slavery, either political or domestic, and that w r e
look with confidence and hope to the day when the
principles of the Declaration of Independence will
be universally carried into practice, and all men in
the United States be born free and equal.
Resolved, That while we concur with John Q-
Adams in the sentiment that every human being
has the right of petition and prayer, we, necessari
ly, disagree with the Hon. Wm. Slade that it is
wrong to do right and in the exercise of that privi
lege.
Resolved, That while we deplore the moral and
political evils of slavery, we cannot but recommend
to our brcllyen of the North, that in all their ex
pressions of sympathy ior the sufferings, and all their
exertions for the liberation of the slave from servi
tude, they should not forget that the Masters of the
slaves are our political, constitutional brethren, and
that all their labors should he tempered with wis
dom, and prudence, and love.
SHIP LINE PENNSYLVANIA.
We copy the following particulars from a Phila
delphia paper;
As considerable interest has been awakened in
reference to (he ship of the line the Pennsylvania,
about io be launched from the Navy ard of this
city, the following particulars in relation to her di
mensions, received from an attentive friend, may
not be uninteresting to uurreaders-
Length on main gun deck, ft. 212 10 in.
Do of keel, 195
Breadth of beam, 58
Depth of hold, 52 6
Length of main mast, 132
Diameter of do 4 5
JOEL R. POINSETT.
At the celebration of the 4th July in Charles
ton, by the Washington Society, the Secretary
of War Was present at the dinner. On his being
toasted, be returned his thanks in an appropriate
address; the following are extracts front it:
He said that he was deeply sensible of this
mark of the continued kindness and good will o?
his fellow-citizens, that it was particularly grati
fying to him at this lime, when it might be re
gamed as an indication of their approval of his
course. Had circumstances permitted, he would
have consulted them before ho accepted the ap
pointment he now holds, for to their favor and
partiality be was indebted for whatever of dis
tinction he had been honored with through past
life, and for every opportunity he had hitherto en
joyed of being useful to his country. Owing all
to their generous support, it would have been
pleasing to him to have said, on resigning into
their bands the last high and responsible office
which they had conferred upon him, that in the
step he was about to take he did not abandon
the principles which had ever governed him, nor
wander one step from the path they had hitherto
trodden together. They had stood shoulder to
shoulder, in the struggle to maintain the Union
and the Constitution; and he was firmly persua
ded, that the administration in which he had
been called to lake a part would never itself vio
late them, nor permit them to be violated by
others;—he had felt too an intimate conviction
that the peculiar rights and interests of the
South would be sustained by this administration;
and was happy to add, that those convictions of
bis mind were fully borne out; and his only re
gret at the step he had taken was, that his du
ties seperated him from the long tried and valu
ed friends that now surrounded him.
He would not ask those friends to unite with
him in support of the administration ; but he
would exhort them to aid in vindicating the ma
jesty of the laws, in preserving the Union, and
in protecting the Constitution.—When those
great landmarks of Democracy shall be disre
garded ; when the laws shall be trampled upon,
and the Constitution violated, they will need no
1 voice to warn them to do their duty to their coun
try ; and they knew him too well not to be assu- ;
red that he would again be found in their ranks. I
But of this, there was no danger—and unless
South-Carolina is to stand aloof solitary, and ta
king no part where she has so great a stake, there
never can be a more favorable moment for her
sons to sacrifice all former feuds on the altar of
| their common country, and once more to place
i their beloved Slate in the foremost rank, where
■ she formerly stood proudly pre-eminent. Let
them, said Mr. Poinsett, separate the past from
the present, and lend the aid of their talents and
their influence in support of those, who equally
with themselves are animated with an earnest
desire to promote the happiness and prosperity
of the whole country, and arc firmly determined
to maintain its honor abroad, and preserve its
institutions and its peace at home.
It may be expected, said Mr. P., that he shauWi
speak of the all engrossing topic of the
The signal distress which has fallen upon tke
couutry, which afflicts indeed all the world :
on this subject he would say, that the feelings of
the government had been misunderstood, and
strangely misrepresented. The Government
regarded with the deepest concern the sudden
blight which has fallen upon the prosperity of
the country, and have been unceasingly and
anxiously occupied in devising means of relief—
all such measures as the law allowed were
promptly adopted for present relief, and they
arc seeking with the most earnest solicitude to
I devise the means of restoring the credit and pros
■ perity of the country. The result of their anx
j ious deliberations will be submitted to Congress,
• in the fullest reliance on the wisdom, patriotism
j and co-operation of that branch of the Govern
ment; and in the fullest assurance that laying
aside all parly views, they will apply themselves
zealously to relieve the country from the evils
which now afflict it in common with the whole
commercial w orld—evils, which all must now
acknowledge, have their origin in causes far
deeper, mightier and m ire general than those to
which they were at first attributed,
[From the Savannah Georgian of Jitlu 6.)
FROM FLORIDA.
A gentleman who came passenger in the steam
packet Florida, (.’apt. Hebhard, from the St. John’s, :
states that Gen. Jesup and Staff arrived at Black
I ( reek on the 3d met on a tour ot inspection, and j
; it was supposed that two posts would he establish
ed on the Suwannee and one on Lake George at ■
| Silver Spring.
The Indians were still peaceable and exhibit no
j evient disposition to renew hqsiiUtits.
About ten days since a party consisting of Copt.
| Hanson's mounted Florida volunteers and a com- |
pany of U. S. dragoons under Ltem Way w ere on ,
a sc out from St. Augustine to Palatka.
Near Palatka they came across a party of three I
Indians and a Negro in a small camp. The Indians j
were captured. The Negro escaped.
The Indians stated that the party consisted of 11
Indians and 2 Negroes. The other Indians were
out cutting down a bee tree and the negro who es
taped gave the alarm and prevented their capture.
The three Indians captured were taken to Ist.
Augustine.
About the same date a party of U. S. soldiers
under the command of Capt. Allen, were on a scout
from Tampa Bay. They took Fort Foster (for
some time abandoned in consequence of its unheal
thy position,/ tweniy miles from Tampa in their
route,where they came across Old Bow Legs,a de
scendant of a celebrated Seminole Chief of the same
na' e, quietly seated in the deserted Fort. The old
fellow finding his former enemies approach
mg, thought it better to depend on his heels for se
c. nty. A regular race took place and he was run
down like a tired racer. On being captured, he so
licited very strongly not to be taken to Tampa Bay,
but the command being front that Post, he was con
ducted there without further parley. He, the Chief,
(as well as the Indian* found near Palatka,) wasde
tainedas he was north of the line specified iatbeir
late Treaty.
Qen. J«aup is on foe way to St. Aojnetme.
The statement made that Micaoaav had
SSSf 4 *’*" iSaSS
exercise of our vacation, to give
Indians, although characterized for ferocity eW
tsh the same ambition which oflen prompts the
Heaven*’’ 1 ,00n * r *° “"V in HeU serve in
But “sufficient for the day,” die.
I From the Globe.]
TREASURY DEPARTMENT ) '
, , Ju, y 3 < 1837. ’ <
Co o n ? p, ; a " Ce W u ", h a solution of the Senate
of the 2d of March last, notice is hereby given
that the receipta for the month of May last were
as ascertained and estimated
For customs, about $986,650
For lands 877,314
ToU1 ' 81,863^964
The expenditures during the same month
amounted to $2,727,117 96.
LEVI WOODBURY,
i Secretary of the Treasury.
w rom lfie Baltimore American.]
“ RIO DE JANEIRO, 17,h M.y. 1837.
Since our circular advice of 29th ultima
business has been mactive, and within a few
fr/nf ! r,C h e8f ‘° m Eur ? pe and llle United Stales
are of a character so alarming as to bring things
to a pause wherever confidence is implied. No
one is disposed to trust another, if to be avoided,
07 lot Ej !? han e e otl has declined to
2, 1-2, hut the rate is almost nominal, as many
of the remitting houses have orders not to take
any Bills whatever, and all are restricted to very
limited discretion ; as in fact no one seems to
feel confident ot the standing, or safely of Hou
ses, on whom they mav be drawn ; some Hou
«cs have refused honor to Bills drawn against
un-restricted Credits granted by their agents in
Lie United States in violation of positive honor
moral and mercantile, the want of confidence
in Exchange business covers almost the whole
surface oftransactions.”
bank REPORT—Monthly B^turii.
Susie of the Augusta Insurance and Banking Com
pany, on Thar day, 29th June, 1837
Amount of property ow ned by this bank, viz:
Promissory Notes, Bills of
Exchange, Real Estate, die. 606,227 G 6
Balances due by other banks
and agents, 59,225 74
Gold and Silver coin in vault, 60,807 09 *
Notes of other banks, 20,894 91—81,702 00 ,
747.155 40
Amount due by this bank, viz:
To persons holding its notes,
being amount in circu
lation, 137,187 50
“ Balanre due to other
hanks and agents on ac
count, 38,721 85
“ amount due to depositors, 28,176 88
Total amount due by the hank, 204,086 23
Surplus owned by the bank,
after paying its debts, viz:
Undivided profits, 70,394 17
Capital Stock, 472,675 00-513,069 17
747.155 40
ROBERT WA LTON, \ ashier.
South Carolina Rail Road. ' j
Ittr Consignees per Rail Road, July 10.—R Me- I
Donald, E B Beall, Clarke, McTeir & Co. J Ros- I
»eau, E Bustin, Haviland, Rislry & Co. Gould, |
Bulkley & Co. J B Robertson, P Carrie, C A Beard,
S Hale, W Roundtree, Hand & Scranton, M Wag
ner, G Parrott, and J F Benson.
COMMERCIAL.
LATEST DATES from LIVERPOOL,::::::: :::::'maY~V6'
latest dates FROM Havre,: : ; : may 17
CHARLES 1 ON, July B.—( lotion . —The Upland
Colton market, during the past week, has been in- '
aciive, as will seen from the result of our sales,
i he operations, with but few exceptions, have been
confined to the primer qualities of short staple
Cotton; and although we are unable to notice an
actual advance in the price of these descriptions,
still there is a better feeling in the market, and
holders have in several instances, refused 11 and
1U cents, looking forward, with the belief that as
fine Upland are fast going out of the market, an ad
vance must eventually take place in prices. We
have no improvement to notice in inferh-r descrip
tions; and to effect sales holders have generally ac
; ceded to purchasers terms. The transactions of the
I week comprise about 1800 bales, os follows ■ 37 at
6i, 150 at 7, 59 ar 7i; 18 at 74, 28 at 7i, 134 at 8, 96
.-.I Bf, 105 atyi; 180 at 9, 263 at 94, 90 at 91, 336 at
10; 80 at 10i; 44 at 104, 160 at 11, and 70 hales at
1U cents. For Sea Island Cotton there is no in
quiry.
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el '*«-£• g 3 * s
*; 53—•5 cr 2 to
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:: w * 5 2 ?
:: § 3
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w ’umtug idsjsj I 5 h»
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Ti _ £7 ft o
w *-*■.. to —ta to l to r'?-
. jt , to,tt *uoto <- w< oto ! ©
■ 91 I ts + SWXAisui 1 u 5-
———•— — ”
I
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£ B&SSSSB2SI 5 iT
£ ro tj —m —I r 5
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Xvicm; o> ft-.
Ci ; _ it 4t)j
<s l s'® _t3_m p: p j
Rice. —The iaaproveraeni noticed in our InsFYe
view, has been fully sajuatained, with a still further
advance in price; and the article has been purchas
ed on arrival at the following rates : 50 at S 3. 34 at
3}, 100 at 3 3-16, 143 at 3}, 97 at 3 374, 161at31,40i
at 3 7-16 v 165 at 34, and 200 at 3}.
Grain. —We have had no arrivals of Com since
our last, and the article has become quite scarce.
As we have no wholesale operations to report, we *
have erased oux former quotations, but would
stale that it has been retailing during the week
at $2 per bushel About 500 bundles Hay brought
our quotations. No arrivals of Oats or Peas since
our last—these articles are not in much request.
Flour Our market continues quite bare of Flout..
About 150 bids. Baltimore brought $11; and 150 do.
i ex'ra qualiiy, slll. There is no Canal Flour in
market.
SAVANNAH, July 6.— ('nfion —Arrived since
J the 29th ult. bales U pland and 10 hales Sea
I Island, and cleared in the same lime 2326 lsies Up
land and 268 bales Sea Island; leaving a slock on
hand inclusive of ail on shiphoaid not cleared oft
the 6th inst. ol 7691 bales Upland, and 1751 bales
Sea Island.
I We have etpcrinced a quiet week in our Cotton
[ market, the business which has been moderate has
• beet, transacted at a shade low er han our last quo-.
I unions. The sale* amount to 1651 bales, as follows:
j 16 at 64, 89 at 7, 4 t at 74. 25-1 at 8. 142 at 8;, 202 at
9, 24-5 at 94. 11l at bi, 183 at 10, 89 at 10i, 218 at
104.27 at 11.
in Sea Islands we have no sales to report.
Flour.— Continue* very scarce and not a barrel
to be had. We understand that the bakers have
not more than 4to 5 days supply on hand. {Several
vessels with supplies are momently looked for.
Corn. —None in market. Several cargoes are on
the way, which may be expected with the first
change of wind.
Exchange.— On England, nominal.
Freights.— To Liverpool, dull, I a 9-tGd ;to Ha
vre r a" 1 cent per lb.; to New York, $1 per bale.
MOBILE, July 7.— Cotton. —Arrived during the
week 426 bales, and exported in tiie same period
1047 bales,—reducing stock 621 and leaving on
hand and on shipboard, nut clearnd, a stock of 20,-
901 bales.
In consequence of the small amount on sale, the
operations of the past week have been necessarily
limited, and may be estimated at 800 bales. The
rates paid this week show an advanceonlast week’s
quotations of a 1 cent, which, as likewise the im
provement noticed for (he two previous weeks, is
owing»My to the scarcity trf tae article, tnd not