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{ GUIEU Ac THOMPSON.
O.V3TITUTIOXALIST.
E IV MACINTOSH-STREET.
rom the -V. W. corner of Droad-slrcet.
flf) by Administrators, Executors, or
are required, by law, to be held on the
ay in the month, between the hours of
hrenoon and three in the afternoon, at
House in which the property is situate,
heso sales must be given in a public
trv da vs previous lb the day of side.
SHOES must be at public auction, on
esdayof the month,between the usual
|o, at the place of public sales in the
[ere the letters Testamentary, or Ad*,
p, or Guardianship, may have been
fst giving sixty DAYS notice thereof,
ic public Gazettes oftliis State, and at
ftlio Court-House where such sales
bid.
L sale of Personal Property must be
Kc manner, forty days previous to
Debtors and Creditors of an Estate,
lb!ished for forty days.
Lplicalion will be made to the Courl
f for leave to sell LAN D,roust be pub
[our months.
Lvc to sell NEGROES, must be pub
r mon rns. before any order absolute
bn by the Court.
Jay morning, july 24. iron.
abhfeh the act passed by Congress pro
ireulation of the old bills of the bank
I S’utes.
her column we publish several unifies
liiladelphia papers, upon the recent
i of Gov. Rimer, and the resumption of
cuts. The very papers, which not
ago, lauded Mr. Biddle for maintain*
d that resumption should lake place
]l, now praise the Governor of Penn
acquiring almost an immediate resnmp*
auks! Wo had prepared some ro
be subject, but we prefer to give the
n the Pennsylvanian.
PLAMATION —THE GOVERN.
OK S LAST TRICK,
lation thrown out in our paper of yes.
literally correct. Governor Rimer,
hat Ins chance of re-election was a
le, bus endeavored to improve it by
ion, which may he found in another
liring the Banks to resume specie
n the 13ili of August. The mere
ig trickery of tins movement is so
i infest that every one laughs at it.
; inertly for fourteen months gazing !
tow calls “curtain open infractions
of the laws,” and after tamely suf.
York to lake the lead in resumption,
onic excellency suddenly starts up
that is now actually ludicrous, and,
ice of advancing the public welfare,
most spasmodic effort to gain a little
>r the October election, putting forth
lost barefaced, discreditable pieces of
bbling that was ever issued with an
lion.
trickery of ibis matter is the more
ii it is remembered that in bis Mes.
legislature, issued on Dec. tilb, 1837,
s ago, Rilner look a view of the cir*
which brought about tile suspension,
1 have now little doubt that the Lc*
ay with perfect safely fix an early
ffl|l resumption of specie payment*;”
lerites in that body steadily opposed
ktivc effort tending that way, and in
clearly by their acts that ail the re*
ons in relation to Banking ami Cur
at message—“a real loco loco docn
i 23,000 votes,” as an adherent of
rked to us at the lime—were intend
popularity traps, to be uttered but
Milled. Thu understanding on (bis
r as results could determine if, for
currency propositions of the message
lied by Rilnor-incn, was perfect.—
ncy towards resumption was killed
ns, and the Governor remained mule
n December, 1837, until now, July,
, observing (hat the people of Penn
going almost en masse for David
u endeavors to stem the current by
ilmuld have been done long ago, and
auks to resume on the 13lb of Au
be it remembered, after ten of the
ladelpbia Banks bad declared their I
ami ability to resume on life Ist of
fhen popular feeling and the force
nces bad made it almost a matter of
to slave off resumption any longer,
tot till then, dots the Governor of
a issue bis Proclamation command,
e done which scarcely could be pre*
by liie power of the “great regula
te and bis friends, as if they bad
liraclo of public virtue, turn smiling*
►pie and ask for a re-election !
farce than Ibis whole affair was nc
before the people of Pennsylvania,
ful assaults upon the General Co*
itb which the Proclamation abounds,
keeping with the spirit in which this
(vcment was conceived. The trick
r ick, was perhaps well enough, and
bluer and Stevens; but tricky poll,
rcqucntly 100 laic, this being a case
CKING AND FILLING.
lion of several of the federal.whig
he city, for several days past, has
sing to the spectator, av it must have
assing to the parties. The Inquirer,
, on Saturday last, was all for re
On Wednesday, however, flic U. S.
g been discovered to be hostile to the
e Inquirer thought that resumption
xaclly answer, and quoted from the
cs Gazette, to show I hat it was “not
opinion” that a resumption on the
st would be premature. Yesterday,
e “Governor’s last trick” having ar.
Inquirer wheeled about once more,
1 lustily for specie payments as not
dure. The Governor is to blame in
nely bint, having saved the Ph Ba
nal from the trouble of wheeling and
rapidly at this warm season of the
the InquiroPa versatility is exlraor
ted Slates Gazette, likewise, though
; staid in its deportment than its co
indulges a Utile in the “wheel about
■bout” on the occasion. That paper
rong against resumption, as prema.
irons, “ Water looisb,” and all that.—
day, it bailed the tricky proclamation
Aic document that wonl.l be received
your citizens generally!” A wink
iti.masonic, inquisitorial, and gnber
cellcncy is all potent with our neigh,
liim say the word, and with them the
at once becomes mature —the “dan
his nod is converted into the safe, and
ion” is laid aside. Perhaps the United
2ltc will be kind enough to favor uh
ain chapter” on this subject.
FUEAT OF THE IRREDEEMA
BLES.
* cry of the friends of Porter —“ De
ind a redeemable currency,”—it
ferwhelming, that even Uituer, the
s shin plaster party of Pennsylvania
compelled at last, to yield, and at tin
our, orders specie payments.
>c!amation is, in fact, a glorious vie
Democracy of Pennsylvania. Tin
Irredeemable Federalism and Anti
re compelled to abandon the groum
occupied for more than a year. Thei
r is struck!
&CPThe New York Star and Courier and Enqui
rer of the 14th instant, publish the proclamation of
Gov. Rilner, without a word of comment. What
, does this mean? If the whig presses say nothing
about it, the advocates of the sub-treasury system,
r and of a redeemable paper money in gold and sil
t* ver, are not mute upon the subject,
f [From the Evening Post.]
1 Governor Rilner, of Pennsylvania, has issued
a proclamation, calling on the banks of bis State
1 to resume specie payments on the 13ib of Au
t gust next. It will be found in another column.
I Some part of this proclamation is made up of
» the whig slang of the day—stuff* which the dull
est pupil might learn to chatter by three morn*
i ing’s reading of the reports of Wise’s speeches.
Os this twaddle wo moan not now to take any
1 notice, it being alike to us whether it is uttered
5 by poor Poll from his cage in Cherry.slrcet, or by
, Joseph Ritncr from the scat of Government of
, Pennsylvania.
In regard, however, to the mandate on the
, Pennsylvania banka to return to the payment of
their notes, we have this to say, that we have
1 earnestly tried to look upon it in a light favora
ble to Governor Rilner and his advisers. Tho
more we consider it, however, the more is our
. disgust excited by the discreditable circumstan
ces under which the proclamation lias been put
, forth. Wo will briefly point out sonvc of them.
Governor Ritncr, in this proclamation, talks
of the banks having been compelled to suspend
specie payments, and says that
ought to cease “the instant the pressure of eir
cumstanccs which produced it cease*!’ But Go
vernor Ritncr said, more than seven months ago,
• that the banks of bis Stale were able to resume
t specie payments, in other words, that the pres,
f sure of circumstances which produced the suk
i pension bad erased. In bis message sent to the
Pennsylvania Legislaluio on tho ti.h of Decem
, I ber last, he used these words:
“It thus appears that the hanks of Pennsylvania
are in a much sounder condition than before the
suspension; and that the resumption of specie pay
ments, so fur as it depends nil their situation and re
sources, may lake place at any time.’'
The Philadelphia banks were then, according
to Governor Ritncr, able to resume payment,
able to fulfil (lie obligations of law and honesty,
able to assist in purifying the currency and re
storing order to (lie domestic exchanges, seven
long months ago.
What has Governor Ritncr been doing all that
lime 7 lias lie been dozing with the Seven*
S lee pc is? Why did he not direct a resumption
of payment by the banks the instant their silua
lion and resources, according to bis own confes
sion, justified and demanded it? Why did be
not, when the bunks of the Stale of New York
were struggling to procure a general resumption
of specie payments, come to their assistance, is
sue bis proclamation, and oblige the banks of
Pennsylvania to do their duly?
'Flic answer is not difficult to discover. It
was thought better that tilings should be kept in
con fusion,that the general embarrassment should
lie prolonged, that the obligations of honesty
should continue to be violated, that the debts
due from the South and West to New York
should go unpaid, that our currency should re
main depraved, and exchanges impracticable fur
seven months longer, in order that Congress
might, by this conspiracy of systematic swin
dling, be forced into some course of legislation
favorable to the views of Diddle and the whig
parly. The very first paragraph of Rilnei’s pro
clamation confesses I hi?.
NORTH CAROLINA.
Governor Branch lias consented to run as the
democratic candidate for Governor, at the approach
ing elections in North Carolina. Tho following is
his letter accepting the nomination. Thu whig
candidate is the present iiieimihont of the office,
Edward B. Dudley.
Steamboat Chesapeake, July 7, 1838.
Gentlemen;—l was honored by the receipt of
yours of the 4th instant, after I look my seat in
the cars, at Halifax, and avail myself of the ear.
Best moment to respond to the enquires yon
have made, as to my opinions, on certain politi.
cal matters, of high import. Having for more
than the third of a century, contended for a strict
construction of the Federal constitution, and be
lieving as I do, that the existence of out South
ern Insti'utluns vitally depend on a rigid adhe.
renco thereto, 1 have no hesitation in frankly
avowing to you, an 1 through you to my follow
citizens of North Carolina, that my opinions
have undergone no change ; but on the contrary
have been confirmed by time. It follows there
fore, as a matter of course, that 1 am now, as i
ever have been, opposed to incorporating a
United Slates Bank.—For which opinion 1 will
assign but one reason—lt is Ibis, that the power
to grant incorporation was expressly withheld
or denied by the Convention which made the
Constitution. All of which will more fully ap
pear by reference to the Journals. I will go
further; I am equally opposed to the exploded
depositc bank system—nay more so. Hence
you will perceive, that I must bo in favor of a
Constitutional Treasury. Could I believe that
the banks were calculated to make men more
honest, I might be induced to think mure favor
-1 ably of their agency, or could the ingenuity of
; their friends satisfy rno that they possessed less
patronage, or influence, than individuals, I
might pause and re-examine the subject. But
it seems to me that no candid and intelligent
man will affirm cither proposition. Thus much
for my political sentiments. As to men, 1 feci
that “ the price of liberty is eternal vigilance”
and I wish it to be explicitly understood that I
J commit myself, in advance, for, or against no
: man, further than he can be made useful, in
' perpetuating the great principles to which I
trust I have ever been sincerely attached, and
' which lam now (overlooking all personal con
! sidcrations) assisting to re-establish. For Go
| vernor Dudley, I entertain personally the high.
' est respect and esteem, and nothing could induce
mo to oppose bis re-election, but the paramount
consideration above alluded to.
1 am with much respect,
Youi’s &c.
• JOHN BRANCH.
1 To Mr-ssrs. W. Whittaker, Win. W. While, ami
1 Willie Pope.
I SOUTH CAROLINA.
3 If (he sentiments expressed al (lie last eelchra
‘ '(ion of the 4th of July’, in Carolina, are indication,
of the public feelings in regard to the great question,
which now agitates (he country, the strong pre
[ sumption is, that the citizens of our sister State are
r almost unanimous on one side of that question.
Among other incidents indicating a decided appro
- hation of tho separation of Hank and Stale, lithe
ii following :
i At (be celebration of the day ol Black Creek,
It among the regular toasts given was the following:
The National Bank— the Serpent in Eden.
'• Upon the rending of this sentiment, one or two
0 persons appeared dissatisfied; it was moved and
seconded, that a vole should be taken on the semi
, moot; and the result was, yeas 100, nays 2 only.
‘I Hero is another instance of the public feel.ng in
Carolina.
[From (he Charleston Mercury.]
We have the pleasure of slating that at a pub-
He meeting in that District, recently, Chancellor
E Harper, addressed the people of Fairfield, and in
j s his speech advocated the Independent '1 rcasury
ie System with bis accustomed power of argument.
A Wc also hear it asserted, and we doubt not
on good authority, that General McDuffie, is on
the same side ; that he confessed himself weaned
from his former attachment to the United Slates
Bank or a United Slates Bank, and has aban
doned his advocacy thereof, on account of the
lc i developments of late years of its dangerous
- powers and tendency to interfere in polities, and
that he prefers infinitely the sub-Trcasury sys-
torn to any connexion with banks, or any other
f system proposed. He believes that it will con
dnee most importantly to the advancement of
bis cherished object, the Southern Direct Trade
with Europe, and the commercial emancipation
of tho South.
[communicated.]
Messrs. Editors ,—You will oblige the friends of
the Mercer University, by publishing tho report of
the Board who conducted tho recent examination,
which elicited the approbation of a largo and re
spectable audience. 11.
Having attended the examination of the Students
of the .Mercer University, we lake pleasure in in
forming its patrons, friends and the public, of our
satisfaction with the exhibition of capability and
care on the part of the Instructors, of the studious
ness and improvement on that of (he students. Two
days w ere spent in the examination, which was
close and thorough. The Board were particularly
pleased with tho mode of teaching the rudiments of
the various branches of study, and with the correct
application of their principles by the pupils. Greater
progress in study could not be expected of any
students, while their deportment was creditable to
them and gratifying to ns. Wo would conclude
by remarking, that the improvement of the stu
dents afforded evidence of (ho practicability of
uniting manual labor with literary pursuits. Wo
cordiably commend ibis institution to the notice of
the public, as one which now affords superior ad
vantages, and promises to be a rich blessing to the
*bite. f Rev. W. J. HARD.
“ 11. L. GRAVES,
Board of Examiners •{ 4 j» smltH
j B. T. MOSKLV’, Ksq.
(JUNIUS HILLVEK, Esq.
MR. BIDDLE’S IvIJI.OiTy TIIE INDE
PENDENT TREASURY SYSTEM.
Extract from the report of Mr. Biddle’s speech to
the stockholders of the United States Bank, on
the 201 Ii February, 133 ti, as given in the National
Intelligencer, of February 27,1836.
“ Tho new charter had the advantage over the
old one —in its exemption from the expenses of do
ing the business of tho Government, in loan offices
and pension agencies, and in transferring the pub
lic finals without charge”— “in its total sepa
ration FROM ALL THE OFFICES OK THE GENERAL
Government—an unnatural connection—be
neficial to neither the Bank nor the Go
vernment.” * * * i *
“It was an original misfortune, in the stem lure
of the Hanky that it was in any way connected uith
jtersons in office. The instincts of political
POWER MAKE THAT ASSOCIATION DANGEROUS ;
USEFUL TO NEITHER PARTY ; INJURIOUS TO BOTH.”
[From the Georgia Messenger.]
TO THE STATE RIGHTS PARTY IN GEO.
Frllow-Citizens : Wo are charged with
“comjuomitling our principles,” by advocating
a Sub-Treasury or a separation of Government
and Bank, ll ibis be true, then all the State
Rights men in Congress in 1834, arc guilty of
the same; fur then our honest and consistent
•Slate Rights delegate, Col. Gamble, suggested,
and Mr. Gordon, another Statu Rights man,
proposed tho Sub-Treasuiy. Then the loudest
denunciations against the union ol Government
ami the Banks, the boldest predictions of mis.
chievous failures, and the most sarcastic reflec
tions against the Put Bank System, were east
and full from our party. In aid of our efforts
vve had thu Whigs, the Nationalsor Federalists.
Such was their pre.doniinant influence then,
that the Union parly of Georgia took occasion to
stigmatize ns as Federalists. Opposed to us
then, the administration on its onward course, in
pursuit of power, patronage ami influence, wed.
(led the local Banks.
Three short years verified our predictions, and
realized our evil forebodings. Mr. Van Burcn
soon found his Administration embarrassed be.
yond measure, am) all bis operations crippled.
Failing to realize bis anticipations, by necessi
ty, and not choice, bo is driven to fall on ibu
policy which in 1831 the Stale Rights parly sug
gested, the Snb-Truusury or separation of Go
vermnent ami Banks.
Now the Federalists, the Whigs or Nationals,
true to their opposition, and true to the Bank,
the grand object of their pursuit, turn from us
ami the Sub-Treasury, against us, against the
Snb.Treasury ami Van Huron.
It becomes a matter of sober and serious enqui
ry, what is becoming in a Stale Rights man,
pluming himself on his consistency, his honest
adherence to principles, regardless of men. ini
awed by terms of reproach, to do? A portion
think it right to step aside, lent they be found in
Van Buren’s ranks, aiding administration men
—but perceiving llic drill of the Nationals, pre
fer not to run suddenly into the Bank vortex,
they choose to fall back on Van Boron's lato po
sition, tho Local deposito System, bo much ridi
culed by us. The other portion of the Stale
Rights Party, finding no justification in oppo
sing the measure of their choice, because Van
Rerun juianU it, stand firm to their policy, turn
not to ngßvbrleft—hoping nothing, fearing no
thing from the company that may join them, or
the association that may leave them—cast forth
from a prominent individual, a hitherto concen
trated body of light, that now makes darkness
visible.
Tlie Nationals or Whigs, wonderful in fact
and rich in expedients, being too weak without
our strength in the mass, full along side our 10.
cal deposito Statu Rights men, (now called Con
servatives.) and go temporarily for the local de
posite plan. Enough however, is left of their
rank and file crying Bank or nothing, lo prevent
tho passage of the Conservative rule, which be
ing interpreted means another Pet Bank System.
All the Nationals expect to gain by the tempo
rary diversion, is, to furnish the Conservatives
the argument of necessity, which may enable
them to say, “wc are against tiic Bank, but find
it necessary, tho only measure that will pass,
therefore go for it.”
All wc ask is that you look to our course, and
then pronounce whether in advocating the Sub
Treasury, wccompromit our principles. What,
principles? Those of Nullification? They have
nothing to do with it, and if they have, they will
drive ns lo advocate a divorce, as the argument
will show.
But this Sub-Treasury is pregnant with pal
ronage. Yes it has the patronage of tho reve
nue, and that must be yielded to the Govern
ment, adopt what scheme you may. Let your pol
icy then be, to limit that to the necessary wants
of an economical Government, and for this pur
-1 pose keep the interest of the Banks, Slate and
Federal, co-operating with the people. The on
-1 ly way lo do this is to separate the; Government
and Banks.
If I wanted an insuperable argument to show
that a connection with affords more patronage
than a separation from banks, it is presented in
the fact, that Van Burcn chose the former. II
1 wanted one to prove that the Sub. I reasury
would most effectually restrain the excess of pa
j per circulation, and limit the excess of icvc-
I nue, it is furnished in the fact that all U, S.
Bank men oppose if.
But, says the Editor, all Sub-Treasury men
are friends of the Administration —Van Burcn
1 men; very good: if it must be so, that in v-ela
tion of every principle of honesty, I must disa
vow the trutii and sanction error, or be branded
a Van Burcn man. I take the latter, and so let
1 it be. But before I submit to it, I have aright
1 to ask on what principle? Is it on the principle
f that the Union men call you and all of us Fede
• ralisls and Whigs, or that on which Nullifiors
l were called Disunionists, Tories and Traitors,
n Sirs, these arc arguments or expedients improper,
rl ly used by Stale Rights men. Addressed to Nul
s lifters, they have no effect. They have met dan
i , rcr 0 f this sort too often lo turn now at their ap
c preach. The same rule will stigmatize all An
s ti-Sub.Treasury men, as Bank men—Clay men.
d It is not founded in reason, and is unjust in the
s * application.
AUGUSTA, GA. THURSDAY, JULY 26, 1868.
r | Fellow Citizens, I have now closed my re
- [ marks, and expect lo trouble you no more. You
f I will determine this matter as to you may seem
5 right, and give such direction to your organs as
i may seem proper and safe. In the course deemed
best to pursue by you, should 1 lack votes to elect
me one of your candidates, I shall only regret
that you did not nominate one, who, with equal
devotion, could have brought more strength lo
your cause. Our opinions ought lobe known,
that the aggregate mass of opinion may be indi
cated by the choice.
I have said thus much from a sense of duty to
you and myself. The affair is yours, and with
you 1 leave it. A greater matter than this I
have submitted to you—the smaller is also now
referred. With sentiments of strongest attach,
moot, I remain your Candidate ami fellow cili
zcn. MARK A. COOPER.
[From the American Railroad Journal, Is? instant.]
IRON STEAMBOATS.
[The following letter from Mr. G. B. Lamar, of
Savannah, lo Mr. Haynes, wo take from the
Pittsburg Gazette. Wo have long desired in
formation relative to these boats—the notice
of Iho fiist arrival of which wo published long
o go. The fact that they were in use in this
country has not been generally known until
recently.]
Savannah, March 27, 1838.
To the Hon. Chas. E. Haynes, M. C., Washington:
Dear Sir, —Yours, ol the 2l)lh insl., enclosing
certain queries of the Hon. Mr. Biddle, of the
Committee on Manufactures, on tho subject of
Iron Steamboats, was received to-day; and it
affords mo pleasure lo give all the information
1 have obtained in regard lo them, at all times;
but more especially, thu use of them in our coun
try. The one 1 imported is fully described in
the annexed circulars.—[These are the docu
ments heretofore published in the Gazette.] —
She cost $30,000 in 1834, exclusive of the du
lies which Congress remitted. Iron has since
risen 50 per cent, in England, and there is great
competition in that count ly for such boats, so
that, the cost is now 75 pur cent, greater there
than at that period. Nevertheless, two have
been imported since for Ibis river—two more are
ordered fur it, and two more lor the Altamaba,
besides lliosivof Mr. Butts, on which a remission
of the duties is now asked of Congress. Ido not
reply to the queries in order, because the circu.
lars furnish all that is desired, except as to cost,
and the expenses of completing them in this
country, regarding which 1 shall particularise.
'Pile lust boat imported was built al Liverpool,
in 1837; cost there 2,900/, including rivets, ami
materials for pulling her up in this country.—
'l’liu freight will bo about $800; and the com
plulion, including deck and small cabin, about
seven or eight thousand dollars; she weighs about
113 tons—is 115 feet long, 24 feet wide, ami 8
feet hold—will draw, with a sixty horse engine,
low pressure, boiler, ami wood for 21 hours, (ti
cords,) not exceeding thirty inches , perhaps less.
There is no necessity for bringing men to ibis
country to put them up; any person who ran
strike a rivet can do the work, ll is an improve,
rneiit essential to the safety of life, as well as
properly, in the navigation of many oflhe rivers,
hut more particularly the Mississippi. For, if
provided with bulkheads, as those lust imported
are, they could nut he sunk in snaging; because,
only one interval could be filled with water at
the lime, and if further improved by a like ex
tension over the boilers, and connected with
those partitions with largo pipes or apertures for
the escape of the steam over the sides ul the boat,
they would he protected, 100, against explosions
of thu boilers, which are so frequently and so
fatal on that river. Once on the Mississippi, at
a moderate cost, my reputation is pledged that
none other will be used if iron can be hud. They
are peculiarly adapted to that navigation, and
will defy ils sawyers and explosions. The du
tics will ho about $2 80 per 100 pounds on the
weight of them—a most onurous lax. I speak
so freely, because I am scarcely interested, at
present, in anv of these being imported. 1 sold
mine at cost, and the purchasers Would not take
$50,000 for her now; and they think she will
be good fifty years hence.
Yours, &c. G. 11. LAMAR.
[From the Mobile Examiner.]
THE DISTRESS OF THE COUNTRY.
Thu great engine us the whig politicians is
the commercial revulsion experienced by this
Union within the hst year. It is the whole
burden of their song, and without deigning to
explain the causes which have brought it about,
they charge it all upon the administration. The
ruin of their country is to thorn a political feast,
and they riot amid protests, bankruptcy, and
starvation. They rejoice in every misfortune
that falls upon commerce, and herald forthwith
acclamations every disaster which happens to
the government. Do they imagine that this un
patriotic conduct can long impose upon the peo.
pie? Fora few months they may succeed—their
noise may be mistaken for argument, and their
violence for the fervor of patriotism; but the re
deeming qualities oflhe republic must soon as.
sort their power, the steady patriotism ami calm
good sense of the people will soon assume their
supremacy, and these vile plotters against their
country’s weal will stand exposed in their naked
deformity.
To charge upon the administration the present
commercial distress, is the height of absurdity;
and the facilities by which the position has been
attempted lo be supported have been so often
and fully exposed that to allude to them now
would be a work of supererogation. Among the
many masterly arguments upon I lie subject, that
of Albert Gallatin. President of the Bank ol
America, stands unrivalled for perspicuity and
conclusivencMs. He puls to route the whole Bid.
<1 lo humbug of the “removal ol the deposited,”
the “specie circular” and the “siib.lreasury
scheme,” and traces in a clear manner the whole
revulsion to natural and infallablo causes. To
the over-issue of hank paper, excessive importa
tions on credit, and to the distribution ael, an
avowed whig measure. Those arguments have
never been answered, because they ore unan
swerable. And Ml. Gallatin and bis coadjutors
in New York, proved that they placed implicit
confidence in their correctness by immediately
resuming specie payments. The result has
shown that, they were right—they have effectu
ally sustained the resumption, and in spite of all
opposition, business has revived in that city;
money is plenty, and can he had in any quanti
ties on good security; and the whigs are abso
sutcly horror-stricken, that there, al least, the
distress is at an end. Let the hanks pursue the
j same course elsewhere, let these men who arc so
violent in their charges upon the administration,
act with common honesty, and every branch ol
legitimate business will resume its usual activity.
But will they do this? Oh no. It would be po
litiral death lo them; I heir elegant tirades would
then become as flatulent as uncorked champaign; !
and their newspaper squibs as insipid as milk
and water. They could not live a day without
“distress,” and in order lo prolong their exis
tence they seem determined lo make that “dis
i tress” as aceutc as possible. “ Tho people must
i be made to feel,” says Mr. Biddle; “ the people
■ shall be made lo feel,” repeal his satelites.—
The bank screws are immediately put in opera.
I lion, and at every succeeding pressure, they
pause and with a malignant smile inquire “has
L the distress conic now?” Their groaning victims
beg for mercy, but the screws are lightened,
and the poor people arc pointed to the adminis
< tration, and assured that nothing hut its over
. throw, and thu delegation of greater power lo
- their oppressors, can bring relief. It may be that
- this policy will succeed—»t might be that the pco
- pie will Buccomb and grant in their misery, all
that their enemies ask—it may bo that the as
- fairs of this country will be placed wholly iu the
• hands of those whose greatest enjoyment, is the
c contemplation of ruin and want all this may
be, but not while one American heat I throbs with
the glow of liberty ; —not until the whole people
i are corrupted ; not until the memory of our fa.
i there is execrated, and their descendants arc
willing lo become slaves. L t the people arouse
themselves, and proclaim at tho ballot boxes, as
their ancestors did in the Hold, that they will
submit to no power out one of their own free
choice, acknowledge no rule of conduct but com.
mou iiuncs'y and political justice.
[From the. Baltimore American of July 17.]
We received lasi night the New York Gazelle,
Journal of Commerce and Express of yesterday
morning. They furnish the annexed items :
NEW.YORK, JULY IC.
LATER FROM ENGLAND.
By the packet ship Westminster, Capt. Moore,
from London the 10th, and from Portsmouth the
1 Uh June, wo have London papers of the 9i.li
Liverpool of the Sill, and Portsmouth of the 11th!
The news is not important. The Colton market
remained without change and firm at thu prices
by last arrival.
The Queen’s levee, at. St. James’ Palace, was
numerously attended. All the foreign ambassa
dors were present. Lieut. Roberts was present,
ed to Her Majesty by Vice Admiral Sir C. Ad.
ams, as the commander of tho steam ship Sirius.
Lord Gosford presented to the Queen an a l
dress from the Catholic Bishops and Clergy of
Montreal and Quebec, congratulating her Ala.
jcsly on her accession lo the throne, and on the
restoration of peace in the Canadas. The ad
dress was accompanied by a petition against the
union oflhe two provinces.
Thu blockades which the French are making
upon this Continent seems to create u good dual
ol sensation in Europe.
The Antwerp Journal du Commerce stales
that the King of Holland will be openly support,
ed in the affairs of Lnxcmbiirgii by the Emperor
of Russia and tho King of Prussia, it is like
wise staled by the same paper, that Gun. Don.
niotiliri had arrested the Burgomaster of Ilollu
rich, a village in Lnxembnrgh, where it was pro
posed to raise the Belgian flag; and if it were
actually raised, then the General had notified
his intention of bombarding the village.
Money is as plenty as ever in England.
Our correspondent bus scut ns the prospect uh
oflhe “Atlantic Steam Navigation Company,”
who propose, with a capital of £500,000, to
build or purchase six steam ships to ply between
England and Nuw York, one of which is to leave
each country every fortnight. The projectors
°f the company seem to think there is very little
doubt ot their being able to divide annually
twenty per cent, on their capital. They proba.
Idy take the profits on the voyages already made
by the Great Western and Sirius for their data.
The committee of the Company say they have
made arrangements lo purchase the new steam
ship Liverpool, of five hundred horsepower, and
can have her off*before the British Queen. If
the English go on for twelve months us they arc
now going, we shall have a steamer lo start for
England every afternoon, just as they do now
for Albany, and wc are nul sure hut there may he
“a morning line,” also.
London, June Bth—Friday Evening —On the
absence of any very particular eiieniiistanees
affecting the welfare oflhe commercial interest
oftliis country either way, at thu present time,
we find that our men of business are still pay
ing much attention to (he slate of affairs in the
United Slates, as detailed in the lute advices
fiom (lienee.
The value of money for commercial purposes
continues much the same; on the Slock Ex
change the rale of interest rules from 2i per
cent to 3 per cent from day to day, or fora very
short period.
[From the Sew York Gazette of July 19.]
LATER FROM EUROPE.
By the arrival of the packet ship Siddnns,
Capt. Britton, we have received files of English
papers to the tith June, which, however, are bar.
icn of political informal ion.
Manchester. —Friday Evening.— The Cot
ton Trade. —We continue to have a fair though
not so extensive an enquiry for goods and yarns,
perhaps, us for the previous three or four weeks.
This remark applies more particularly to the
transactions since Tuesday. There is no doubt
but that t iic great flatness in the Liverpool Cut
ton Market has mainly tended to slacken the
demand. There is not, however, any tendency
lo lower prices either in goods or yarns. It is a
grateful duly to have to add, (hat prices for wea
ving the lowest kind of liand-luom cheek bus
been advanced this week 1 l-2d, per piece, or
full 20 per cent.
THE WOOLLEN TRADE.
(In anticipation of the Leeds papers.)
Halifax, (Saturday.)—We have not had so
brisk a market to-day us wasexpoctek, and it is
somewhat difficult to account for our almost al
ternate good and dull markets. Notwithstand
ing the want of buyers, there was no reduction
in the value of any article, but, on the contrary,
manufacturer^arc firm.
Huddersfield, (Tuesday.)— On the whole
things are by no means so healthy as they were
three or four weeks ago. Whether this arises
from the want of orders from the United Stales
it is impossible lo say; hut certainly those re
ceived during the lust fortnight have been com
paratively trilling. Willi the exception of very
first-rate patterns in fancy goods, there is no pari
of the trade hut whut may he pronounced flat,
and little doing by the merchants.
Leeds, (Tuesday.)— Wc continue lo experi
ence more than an average demand for most
kinds of good*; and though there is no positive
advance, yet the prices are particularly firm,
and would seem to indicate an advance if the
present demand only continues. Although or
dors from America are on a limited scale, yd,
with the fair demand that previously existed,
they create an evidently belter lone throughout
the trade. Manufacturers do not appear anxious
to push their business at the moment, —waiting,
perhaps, the event of the great continental wool
lares, now fast approaching, as the prices which
may he then established will, no doubt, have u
decided influence on prices for some lime lo
come. A few cautious calculating persons do
not anticipate full employment fur hands and
machinery until autumn.
Bradford, (Thursday.)—Wc bad a fair in
quiry for piece goods to-day, and the manufac
turers succeeded in some cases iu obtaining a
tntling advance, especially on such goods as arc
not over plentiful in the market. Had the maun,
faclurers been satisfied with previous rates a
largo business would have been done, but the
merchants, demining ul higher rales, caused
some large anticipated purchases to stand over
another week.
Yarns.—No diffuully iu disposing of yarns to
almost any extent where previous rates are sub
milled to. Wool —As little of the now clip has
yet appeared, staplers hold firm ul previous rate*;
and as spinners appear to have made up their
minds to wail a supply of it, little business done
in eoo-uq tunee. No variation in the value ol
other description of wool.
[From Ihckne.LVs Reporter, July 17 J
THE MONEY MARKET.
Some little uncertainty existed in the public
mind during tho early part of last week, in rela
tion lo the resumption of specie payments by the
Philadelphia Banks, on the first of August.—
One or two of the daily papers spoke of the move
incut as premature and imperfect, and intimated
that the whole affair would necessarily undergo
a reconsideration. Our banks had another meet,
ing on Wednesday lust, and without adverting
to liioir former resolution, determined lo bold a
Bank Convention in Ibis city on the 23d of July,
and then to decide as to a period for general re.
sumption. Wc still cherish the opinion, how
ever, that the first of August, or thereabouts, will
ultimately be determined upon. Tiic public
mind is quite restless upon the subject, and any
further delay will, wc foci satisfied, be aileudcd
VOL. XVI,—NEW SERIES, NO. 6.
u with censure. True, the step on the part oflhe
i- Banks in recommending the first, was somewhat
e premature, in as much as they had not consulted
c with the country hanks, nor with those of Boa
s ton, Baltimore, Richmond, &c. It should also
I be remembered, that at tho lime that resolution
e was adopted, the President hud not signed the
new Dcposite Bill. Still, no ordinary difficulty
should in our vk w, ho permitted to interfere with
a matter so generally desired. Our hanks are,
we believe, in as good a condition as those of
, any other State in the Union; while a more ap.
' propriato period for resumption, could a general
understanding take place, is not likely soon to
occur.
We had written thus fur when Gov. Rilnci’s
Proclamation, inserted in another pari of otir
paper, reached the citj'. In our view it settles
the matter. The Governor has, in titis mailer,
responded lo the wishes of the great mass oflhe
community; no mutter what their party views
and feelings, and he dcseivts the (hanks of eve
ry good citizen. The time designated iu the
Proclamation for a general resumption ofspecie
payments, is tho thirteenth of August. Wc doubt
not that every solvent Institution in the Stale
will resume on that day. Pennsylvania will thus
occupy an elevated and commanding position
a position, that will not fail in the result, bulb lo
add to her credit abroad, and promote her pros
perity at home. We speak with more confidence
now than on any former occasion, and as an evi
dence of the Bciitimenls and feelings of our com
munity, we may mention that the Proclamation
was received in Philadelphia with a general burst
of approbation. It could not have been better
timed. With it the resumption is considered
certain —without it much doubt and uncertainty
would still have existed. Politics aside, as a bu
siness man and a citizen of Pennsylvania, vve
rejoice at this manly and decided course en the
part of our Slate Executive.
Our city Banks agreed to settle all balances
between themselves in specie, on tho Ist of
August; and after (hut lime, no interest will bo
paid or received by any el lhum, lor balances
duo by one to the other.
Exchange on New York has declined to 1.4 -
a 1-2 per cent. We were yesterday drawing at
the latter rate. Thu rate on Boston is the same
as on New York. Specie is not much enquired
for at 3-4 a 1 pur cent prem. Treasury notes
are selling at 3-4 per cent prem. Checks on
Baltimore l - l a 3-8 discount.
A meeting wan hold on the 26th nit al Columbus,
Mississippi, to lake into consideration Hot stale of
the Banks and the currency ol the Stale; (ho fol
lowing resolutions were adopted ;
1. That thu loaning of money on cotton bunds
was in violation oflhe principles ol banking. *
2. That the Banks of Mississippi in refusing to t
sell exchange at home threw down the value ol .
their imper.
3. That Batiks ought to sell exchange at homo
al fair rates, and lo lone only on endorsed notes
and hills of exchange.
4. That no bank director ought to sit in tho Le
gislature,
5. That the present hanking system of Mississippi •
is injurious to the State.
ti. Thai this meeting approve the General Bank
Law of New \ ork, as the real estate of the south
could bo represented under it, and that the legis
lature be petitioned lo pass such a law.
7. That the legislature might to fix an early day
fur the resumption of specie payments.
[From the Haiti awn American.]
MARYLAND BANKS.
Wc publish below the aggregate statement, from
official sources, ol the condition of the Banks in
our city and state tip lo the end of June. Jn com
paring the present returns with those lor April and
May heretofore published, it appears that the con
dition of (ho Banks has been steadily improving,
and is now such as lo command universal and per
fect confidence. On comparing tho amount of cir
culation with that of the specie in their vaults, it is
seen that the Bonks possess more than one dollar
in com for every two dollars of paper issue, and
consequently (hut a resumption at such time us
ihu approaching Convention may decide on, can
bu intended with no inconvenience. As we
have before stud, tho gentlemen, connected with
the Banking institutions of Mary land, deserve tho
most hearty thunks ofiheir follow citizens for tho
judicious and prudent manner m which they have
discharged the responsible duties assigned them—
u judiciousness anil prudence much enhanced in e
value by the trying circumstances with winch they u
have been obliged m contend. d
BANKS IN BALTIMORE. r
The banks in Bultimorv, on the 30th nit. exhibited 'I
the following condition in respect lo the several I
items named ;
Bills discounted, $12,705,470 23 ji
Circulation, 2,13.1,747 bS u
Specie, 1,110,885 40 j
Deposits, 1,117,33:; 31 u
Due toother Banks, 3,503,250 71 ti
Due from other Banks, 3,191.1% 95 t
M vRYLANI) COUNTRY BANKS. I
Bills disuunnied, Jj*2,s:» I,<»s'J 20
Circulation, 95U,U(iO fid
Specie, 438,105 HS i
Deposits, 715,310 21 I
Due to other Banks, 127,290 52 r,
Due from other Banks, 428,190 -15 j
Ajmill I.JU* . ■> >
t o hn uk<;i a is.
LATEST DATES FROM 1.l VKRI'OOL,::::: : JUNK 15 1
LATEST DATES FROM HAVRE.:::.. JUNE 7
LIVERPOOL. June 3.— Cotton. —A fair portion I
of business was transacted at ibis day’s market, v
and our lust quotations steadily mainnuned. The v
entire sales consist of JOUO bugs. There were plen
ty of middling sorts of cotton off ering, but fine du- . >
script ions were more scarce. v
LIVERPOOL, Friday Evening, June 15—When
vve wrote onr cotton circular of toe Bth inst. there
were manifest symptoms of I inguor in our cotton j
market, but they were thought to be only tempo
rary, and the natural effect of that extraordinary
activity which had for several weeks been display
cd. In the course oflhe seven proceeding weeks, 1
thu sales amounted to 208,700 hags, the trade look
2lti,oUo bags, averaging 311,000 bags weekly, pro- 111
bably increasing their Mock 70,Unit. During the 1“
former part of ibe year, their purchases but little 15
exceeded their consumption, so that their excess at
present is barely equivalent to four weeks’ consnmp
non. Tho advices of heavy supplies of cotton
having arrived, sirtco October, from the interior lo
(lie different ports of tlio ! . Stales, are also advert- "
ed lo in accounting lor tho falling olf which has ‘‘
been observed. Our import from the l ulled Stales “
has already exceeded that of the corresponding pc- ‘*
nod of last year 169,919 bags, and should the ex
cess ai the close of the year bo not materially be- J
yond llml, the increased consumption, it is i xpecl
ed, will prevent any great accumulation of sleek,
us w ell as any depression of prices. Since last Fri
day, I lie sales have not been heavy, and no con
cessions made lo justify any reduction in our quo- 11
lotions, except the lower qualiilea of short stapled
American descriptions, which have receded Id per
lb. The sales to speculators amount to 23MK) bales l
American, 300 Surat, and m exporters of4oo Ame
rican, and 7u() Sural. Orleans continues to go off r
more largely than Upland or Alabama. From the
9lb to the 15tb hist, inclusive, tlio sales altogether u
arc computed al 21,180 hugs, viz ; 500 Sea Island at
15il lo 2k 9il ; 110 Bniii’,''il do 7id to lod ; 4810 Ip- v
land, at sid to 81; 2390 Alabama and Mobile, at
s|tlto74d; and 25 at 9d; 630 IVniumbnco, ul 8f to
95; 660 Balmi, al 8d to >, 1 d; 2 M Wnrnnbam, ol 7d 1
to 9d : 4U Ucmarara, at 9id ; 140 I.agmra, at /d to
8 l-5d ; 500 Egyptian at 9d to 12d ;5o Peruvian at -
Hid ; liO Madras at JM lo sid ; 2110 Sural at ofd
lo sld.
'The import in tho some lime um<*mlH to 373,000 j
bogs. A year ago it amounted lo 3i9,700 bugs.
NKW YORK, JULY 19.— Collan— Tho market j
bus been rather quiet since onr last, still there has
been a pretty lair amount of business done with
out any change of moment in prices. Sales of
3100 bales, of which 1900 were Upland, ul 8i a 13;
400 Mobile ul 8i a 131; 600 Florida, at 9 u 124 ; 200
New Orleans 84 a 13.
Flour — '1 ho market is still much depressed. Sales
of Western Canal, at 87 u 7,25. Uliio sells from
tho wharf ul $6 a 6 37, as it arrives, holders being
afraid to store it. But little doing in Southern. ,
Corn Meal, in bbls. $3 37 a 3 50. Rye Flour $4 50.
Sugars —Good Muscovadoes have been in do- ,
manu at full prices since our lust, ami in some in- ,
stances a slight advance has been obtained. Ihe (
sales include parcels of I’orto Rico, at 74 at or, Bt. (
Croix, 84 a 10; New Orleans, 7 a 74; white Brazil,
94 a 104; brown Havana, 74 a 84. while do. and
I Tiinidad, 12 al3 cents, mostly at 1 months.
CHARLESTON, July Hl.— Colton. —The Irons
actions in the Upland Cotton market, since our
r^ vle ' v of the 14th instant, embrace in all but
about 1700 bales, which have been chiefly taken
for the northern market. We have no change to
notice in the general features of the market from
ast current rates, except that an advance has
hoe", obtained on fully Inequality of of laid, per
Hi. Ihe demamt ol the week seems to have been
confined to the better sorts, which, when wo con
stdor the advanced state oflho season, have comp
ih freely. Holders me quite sanguine about real*
izing present prices—extreme!), 8 n Id cts. per lb.
The sales ore—lo bales at U els ,23 at flf, 17 at 91,
Gdatlll, 30 at 9},55 at 10, UOat 101,431 at 1(U, 33
at 101,37 at 10},H5al 11,40ul 111,219 at lU, 47at
111, 50 at 111, 110 at 12, 72 at 121, f> at I2i, 34 at
121, ami 100 hales ol 13 eta. The business in Sea
Island has been confined to 47 bales at from 30 to
3(! cents.
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Note.—Woliavo deducted from New Orleans
nnd Charleston, the quantities received at those
purls from Mobile, Florida, Savannah, «.Ve.
We have added to the receipts ul Charleston,
llie exports from Georgetown to New Vork, and to
the receipts at Savannah, the exports from Darien
to Liverpool and New Vork. Also to the receipts
of New Orleans, the exports from Natchez.
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liica. — Iho Uico mai ket has been languid through
out the week, which must eonlinuo to he the case
until there is a corresponding rise elsewhere to in
duce purchasers to operate at present prices. The
retail dealers have been the principal purchasers.
Thu sales are til tierces at *l2, ul 177 at 41,
15 at I 13-It>, and H'< tierces at !?4J,
Grain. —The arrivals of Corn since our fast com
prise ahum 13,000 bushels. Sales have been made
ul HO a H 3 ami H.’» cents, and a superior article would'
probably bring 00 els. The market is represented
us fully supplied, ami at the close of the week the
article was dull. About 8000 bushels Oats have
also been received—sales 33 a 3M els per buslief.
I’oas, nominal at present prices ‘Jj u 100. Huy, per
100 Ills. 90 a 100.
Flour —There has been a decline in the Flour
market within the lust ten days, of fully fat dol
lar per bbl. The sales of the week range at Si u
$0 per bid. principally at Si. There is no Canal at
pre sent in market.
Uni on. —Hngagements have been entered into at
our quotations, iloins 14-'aI 4 -'a 15, shoulders 8 a Hi,
sides loi all. A lot of 370 bids. Dovornnient
Itaeon, at auction, brought 7 i nHJ round.
lUihnnge. —'i’he market ihronghont the week
has been almost ul a stand in both Foreign ami
Domestic exchange. Treasury Notes are much
warned. Sales have been made ul 31 perel.prem.,
we quote 3i a 4.
Freight*. —To Europe, dull at our quotations. To
New Vork, cngngeiuenlb have been made at lust
weeks rules.
MACON COTTON MAKKET.
Receipts of Cotton in this market up to Ist July,
107,9J0 Lulus. Slock on hand, H*Jj bales.
SA V ANNA n.JI LY -o— Colton —Arrivodsinco
he 13ili inst 921 hairs I plniul, and 13 bales Ih
and, and cleared in the same time, 4083 bales Up
and, and 213 bales S. 1.-land, as follow h : to Liver
iool, 4520 bates Upland, and 243 bales Sea island;
lloston, 90 bales; Baltimore, 64; leaving a stock
m band inclusive of all >n ship hoard not cleared
Millie 20lb inst.of73lß bales I plund, and 48 bales
Sea Island.
There bus been more enquiry for Cotton ibis
week, but the sales have been limited owing to the
extreme scantiness of the offering slock—nj>on the
few transactions mode, a slight advance has been
established. Liverpool dates to tho Bih ult., hnvu
been received depicting u firm market for the bel
ter qualities. Tho sales of the week amount to 227
hates us follows : 12 at 8J ; 54 at 9 ; 1 at 94 ; 20 at
94 ; 59 ot 9i; 19 at 10; 3at 101; 30 ul 10 4 ; 29 at
104. In Sea Island, we report sales at 33.
Rice —The transactions mice our lust amount to
about 150 casks, at s4l a 85.
Flour —Small sales continue to bo made at 9 a 94.
Tho slock moderate and large supplies momently
expected.
Gron nr* —In Coflee, Sugar, and molasses, a fair
retail hemiosH doing at former rules.
Spirit*—** ales ot N. E. Knin, at 40; Whiskey at
38; (fin 50 a6O els.
Uncoil —We have no change to notice in this ar
ticle Small suits Hums, 124 a 13; Sides 12;
Shoulders 10 els.
Exchange —On England, 13 per cent, premium.
Drafts on Ncw-Y«rk,6 per cent prem.
Freights —To Liverpool Id; 9-16 ; New Vork |.
FliKSll SPRING DRV GOODS,
at No. 206 Broad Street.
II. WYATT & CO, have received, and
fit. • arc now opening a large slock of Springaiul
Summer Dry Hoods, well assorted, and having
been purchased at reduced prices, will bo sold at a
small advance on cost for cash.
They have now a good assortment of black and
blue black Italian Lustring, Hros do Paris and
Grow do Swiss Silks, Plaid Silks and small figured
Ilannot Silks, handsome French Muslins and prim
ed Swiss Muslins, black and white and colored
Jaconets small patterns, large and small checked
Swiss Muslim* and Cambrics, Furniture Calicos,
white and colored cotton Fringes assorted, cot
ton and Linen Nettings, and 10-4 Bobbinct for Pa
vilions, Irish Linens and Lawns, 5, 6 and 10-4 Irish
Sheetings, Table and Birdeye Diapers, Damask
Table Cloths and Napkins, brown Linens and Lin
en Drillings, Vestings, a very largo assortment of
Colton Hose and 4 Hose, with a variety of othet
seasonable goods.
April 17 llj