Chronicle & sentinel. (Augusta, Geo.) 1838-1838, March 27, 1838, Image 2

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l^wSoO^iliioUnonlSoluCT^f. min Bill. Cuncludtd. Bat admit for a moment, that neither the reparation nor the connection would have any sensible effect to increase or diminish the re venue; and lint it would lie of the same amount, whether the ti t) or substitute should be adopted; yet, even on that supposition, the patronage of the latter would bo an hundred fold greater than the former. In estimating the amount of patronage at' Hify measure, three partianlarg must be taken into the cal culation; the number of peraona who rn iy be effected by it; their influence by the commu nity, and the extent of the control exercised over them- It will be found on comparison, that the substitute combines all these clement* Ml a fsr greater degree, than the bill, us I shall now proceed to show. I begin with the num ber. The bill provides, as lias been stated, fur four principal receivers, eight or ten clerks, and a suitable number of agents to act ns inspector*, making in the whole, say 2T» indi - vidual*. These would constitute the only ad mtianal officers to keep and disburse the pub lic money. Tne snbst.lule, in addition to the officer* now in service, provides for the select lion of3sbank< to be taken trom the most powerful and influential, and vvli eh would have, on an average, ul the least, 100 officers and stockholders each, making in the aggre gate, 2,. r >oo persons, who would be directly interested in the hanks, ami of course, under Ihe influence of Ihe Government. As to the relative influence of the officers and the selected banks over the community every impartial man must acknowledge, that the preponderance would he greater on the side of llie latter. Admitting the respectabil ity of the receivers mid oilier officers provide ■ed for in the bill, and the officers and stockhol der* of the bulks to be individually the muni', •till the moans of control nt the disposition of the former, would bn ns nothing compared to that ot tlie latter. They could not touch a • cent of public money. Their means would be limited to their salary, which would bo 100 small to ho felt in the community. Very dif liprent would ho the case with the officers and stockholder* of the banks. They, of all persons, arc by fir the most influential in the community. A greater number depend on them for accommodation and favor and the success of their business and prospects in ifi; than any other class in society; and ibis would be especially true ol the banks connec ted with the Government. It only remains now to compare the extent of the control that may be exercised by the Government over the two, in order to coins plctc llie comparison; and here again the preponderance will be found to be strikingly en the same side. Tlic whole amount of ex penditure under the bill would not exceed $30,000 annually at the very farthest; and tins constitutes the whole amount of control winch the Government can exercise. There would he no perquisites, no contracts, jobs or incidental gains. The offices and salaries •wou'd be all. To that extent, those who may hold them, would be dependent on the •Government, and thus far they may he con trolled. How stands the account on the other side! What value shall ho put out lie public deposit! sin the hanks! What on (lie • rceeivabtlily of their notes, ns cash, hy the ■Government! What on their connection with the Government, "» thutr fiscal agent, which would have to great a control over the exchanges and business ol'Jhe country! How many millions shall these bo fsiinJnlcd at, and how insignificant must the paltry sum et $30,- TKX) or $lO,OOO appear to those count!'**s millions held under the provisions ol the Sui'- | -etitutc at Iho pleasure of the Government! I Having now finished iho comparison as to I the relative patronage of too two measures j 'T shall next compare them as fiscal agents oft *the Government; and here let me say, at the outset, that the discussion has corrected nn error, which I once entertained, I had snp •[loB(lo.linn iho )i»»,r,l .1' iMSirfHrje l die public money under the custody of officers oflhe Go vernment, would he greater, than in bank. The Senators from New Hampshire and Con necticut, (Messrs Hubbard and Ndes) have proved from the reoojd, that the hazard is on (he othersidev; and that we have lost more by j Iho hanks, than by the collecting and disbars- I mg officers combined. What can be dnp.'o to increase the security by judicious selection of officers, aird proper organization, is strongly illustrated hy tire fact staled by the chairman (Mr. Wright,) in his opening speech; that in the War Department, there lias been no loss for 13 years,—from’2l to T 3A,—on expendit ure certainly not less Ilian $100,1)00,000. I toko some pride in this result of an organiza tion, Which 1 originated and established when Hecrclaty of War against the most formida ble opposition As to the relative expense of the two agon- I cics, that of the bill, as small as it is, if we are ■ to judge hy itppearancet, is the greatest; but if by facts, the substitute won dbe much the I most so, provided wo charge n with all the ; advantages, which Iho banks would derive I from thoir connection with the Government, I ns ought in fairness to be. done, ns the whole i ultimately comes out of the pockets ot the 1 people. In a single particulsr the hanks have the ! advartage us fiscal agents. They would be j Hie more convenient. To this they are enti. I tied, and I wish to withhold from them no 1 credit, which they may justly claim. Toe Senator from Virginia (Mr. Rives) appeared to have great apprehension, that the collection ot the public dues in specie might lead to hoarding. Ho may dismiss his fears on that head. It is not the genius of modern and civilized Governments to hoard; and if it were, the banks will lake care, that there shall be no extraordinary accumulation otcish in the Treasury. Pass the bill, and 1 under write, that we shall never have again to com plain of a surplus. It would rarely, if ever in peace and settled tunes, exceed three or four mi lions at the outside. Nor is his ap- j prehension that hoarding of specie would lead ! to war, loss groundless. The danger is in i another quarter. War is the harvest of banks, when they are connected with Government. | The vast increase of revenue and expend!. | lures, and the enormous public loans, which necessarily enure mainly to their advantage, j swell their profits in war to 'he utmost limits. But separate them from Government, and war would then be to them, a state of famine, for reasons which must bo apparent alter what lias been said, which would throw their weight mi the side of peace and against war; just as certainly, as | have shown that the separation would throw it on tire side of lux payers, and against thetax consumers, I come now to the comparison of the ef fects ol the two measures on the currency of the country. In this respect, tho Senator tro ii Vifg'iiiit (Mr. lliv -b) seemed to think, that Ins substitute would h.ivu a great superi ority over ilielnll; but his reasons were to me wholly iiusat staetory. If w* ere to judge iro n experience, u ought to be pronounced to be the worst po stbln measure. It has been ’ n •perati )!' but I'Vkv (eich Air lit; i few * years) sincei m r i, nn. ni mont <f 'the do* vernmenl; ami .1 h»s-o happened, I hut the only two explosion* ui' f• < u rem-y. occurred daring those periods. J! it, without relying ’ on these disastrous occurrences, wn have seen ’ j enough to satisfy the most moredulous that J | there are great and radical defects in mi bunk , circulation, which no remedy heretofore np j plied, has been able to remove. It originates , m tho excess of paper, compared to specie, ’ and the only effective cure is to increase :he \ latte', and rslticethe former; and i his tho sub , i stituto itself impliedly acknowledges, hy pro posing a remedy tiiat would prove wlmhy in - j operative. It proposes that, after a certain period mentioned, non? of the hanks to he so* ' t looted, should issue notes under ten dollars j The effects would clearly be, not a diminution of the circulation of email notes, but a now division of the banking business, in which . the'issue of large note* would fall to the lot of the selected hanks mid the small to the | others,(without restricting, in the least, tho ag gregate amount of piper circulation. |jnt what tho substitute would fail to do, I lie bill wuuldeffectually remedy. Nunc doubt, , but the separation from Itio banks would greatly increase the proportion of specie to J .paper; but the Senator from Virginia (Mr. I | ftivee) apprehends, that its operation would Ihe too powerful; so much so, I n fact, as to ! destroy the batiks. His argument is, that specie would h? always at a premium, and that it vt mild be impossible for the banks to <1 ) business, so long as that was the case. Mi> t feirauru groundless. What he dreads would be but a temporary evil. The very tact, ilia' j specie would bear a premium would have the diftiblo effect, to diminish p iper circulation, an I ificteasc the importation of specie, till an equilibrium between the two would lie resto red, when they would be nt par. At what point this would be effected, 13 a little oncer- J- tain; but the (’ear is. that with onr decreasing ( revenue, Instead of the specie being increased 1 >0 excess, it would not be increased snfli ;ienV j lv to give the desired stability to the currency. In this connection, ibe Senator urged eo objection against the hill, which I regard ns , wholly groundless. lie said, that the pay-j I nieiil of the dues of the Government in spe , cie, would create a double demand; a domes j tic, ns well as a foreign, the eli’ecls of which , would bo to increase grea'ly, its fluctuations ? and so deeply was be impressed with the ides, that lie drew a vivid picture of its alternate flow from the coast to tho interior, and from North to South, and hack again. All this is the work of imagination. The effect would be directly the reverse. Them?'.; numerous | the demands, the less the fluctuation; so much , ho, that, the greatest stability would be, where , it exclusively performed (ho function of circu lation, mid where each individual must keep a portion to meet his daily demands. Tkis is I so obvious, that 1 shall not undertake to illus trate it. Jltil the superiority of the bill over the sub- j . stituto would not be limited only to a more favorable proportion between specie and pa pc. It would Imvu another important ad vantage that cannot be well over-estimated; it would make n practical distinction between currency and circulation, —between the cur- 1 renev of the country, and private and local 1 1 circulation, under which head hank paper 1 j I would be comprehended. The effects would 1 be, to render a general explosion of the cir- I culatmn almost impossible. Whatever do- i rengements might occur, would be local and 1 confined to some one particular commercial 1 sphere; ami even within its limits, there would 1 be a sound currency to fall back on, not par- i taking of the shock, and which would greatly diminish the intensity and duration of the dts* t I fro-?. In the- moan nine, the general husit t ( no- ami finances of the com.try would jn. 1 ceed, m'.',"OsL without feeling the derangement, v I With a ,‘:>w remarks on the comparative v ! effects of tho tv.P measures on flic industry / and business of the cC ,, **try, I shall conclude r llicir comparison. Whtu, has been said on I then relative effects on f ile currency, g r ' C| s l“f c to decide the question of their relative yffeck" on business and industry. I I hold a sound and stable currency to he l among the greatest encouragements to Indus- t try and business generally ; and an unsound I and fluctuating one, now expanding and now ( contracting, so that no honest man can tell I 1 what to do, as among the greatest disconrnge- I inents. The dollar and the eagle arc the 1 measures of value, as the yard ami the bushel a are of'cptanlily ; and what would wc think of . •he incorporation of companies to regulate the latter—to expand or contract, or shorten or lengthen them at pleasure, with the privilege to sell by the contracted or shortened,’and buy by the expanded or lengthened/ It is not seen that it would place the whole industry and business of the country under the control , of such companies 1 But it would not more , 1 certainly effect it, than a similar control pas- ' I messed by the money institutions of the conn- a I try, over the measures of value. But Igo fur- • j liter, and assert confidently, that the e.rciss of a I l**pcr currency, as well as ils unsteadiness is I c j imfavojable to toe industry and bus ness of | 1 ilte country. It raises the price of every thing j j and consequently increases the price of pro'- 1 j duction and consumption : and is, in the end, 1 1 j hostile to every branch of industry. j c 1 hold that specie and piper have each j' | their proper sphere ; the latter for large and 1 1 j distant transactions-, and the former for all t I oilicrs; and that the nearer our circulation ap proaches gold and silver, consistently with convenience, the better Cor the industry and ‘ the business of the comtiry. The more specie | the better, till that point, is reached. Wnen ■ attained, it would combine in the greatest !, possible degree, so imlnoss and facility, and | would bo favorable to the productive classes i 1 universally; I mean men of business, plan 11 ter?, merchants, and manufacturers, as well It as operatives. It would be particularly favor- 1 , able to the !Sont!t. On,- great staples are i cash articles every where; and it was well j remarked by the Senator from Mississippi;! l j (Mr. Walker,) at the extra session, that we 1 1 sold at cask prices and bought at paper prices I that is, sold low and bought high. The man- • , ufacturing, commercial and nivigating inter- - 1 ests would also feel its beneficial effects. It I j would cheapen productions and be to maun- ' (adorers in lien of a protective tariff. Its 1 effects would be to enable them to meet for 1 j cign competition not by raising prices by ■ , high duties, but by enabling them to sell as j clieup or cheaper than the foreigner, which would harmonize every interest, and place ! onr manufacturers on the most solid basis. It < is the only mode by which the foreign market i 1 can ever be commanded; and commanded it would he, with a sound and moderately cx paoded currency. Onr ingenuity, invention, and industry are equal to any people; and all 1 onr manufacturers want, is a sound currency 1 and an even chance, to meet competition with | success any where, at home or abroad. But j with a bloat' d mid fluctuating paper circula tion, tins will he impossible. Among its ma ny drawbacks, it levies an enormous tax on the community. I have already stat ’d, that tho community' i is estimated to Invo been indebted to tin ■ kink* $175,000,000 at ttie suspenson o( *pe ; cm paymente. Tne interest on this sum cs 1 tinuted at mx per cent, (it ought to be higher] ' would give an annual income to those institn i lions ot upwards ot thirty millions ; and tliii t is the sum yearly paid by the community foi ; j bank accommodations, to the excels of which . ; we owe our bloated and unstable circulation i i Never was a circulation so worthless, furnish ,iedat so dear a rule. How nitich of'this vast ■ , income may he considered as interest on real ; capital, it is difficult to estimate; but it would, I I suppose, be ample to set down ton millions i to that head, which would leave upwards of I twenty mill.mis anno illy, as the profit* deriv ’ cd from banking privileges over and above a I fair compensation tor the capital invested, j which aoitio body must pay, and which must ultimately lull on the industry and business of , the country. Hut this enormous expansion ;of the system is not astonishing; so great is I the stimulus applied >0 its growth. Ingenious ! then of other a goo, devoted themselves in | vain to discover the art 6f converting the ba- I ser metals into gold and silver; but wc have | conferred on a portion of the community, an j art still higher,—of converting paper to all j intents and purposes, into the precious mctalf; ; and ought we to he surprised, that an article | so cheap to the manufacturerfi, and so dear to the rest of the community should he so great ly over supplied, and without any reference to the interest, or to the wants of the commu nity ! It wc are to believe the Senator from Vir, 1 ginia, and others on the same side, we owe | almost nil our improvements ar d prosperity to I the hanking system; —and if it should fail, the age of barbarism would ogam return. I had supposed that the basis of our prosperity were our free institutions ths wide spread and (crtilc region wc occupy, and the heredi. tury intelligence and energy of the stock, from winch we are de mended; but it seems, that all these go for nothing, and that the banks arc every thing'. I make no war on (hem All I insist on is, that the Government shall sep r ite from them, which 1 believe to be in* dispensable, furtive reasons I have assigned, both now and formerly. But I cannot con. cur in attributing to them our improvements and prosperity. That th'ey contributed to give a strong impulse IP industry and enter, prise in the early stages of their operation, I doubt not. Nothing is more stimulating than an expanding and depreciating currency. It creates a delusive appearance of prosperity, which pts every thing in motion, Every one feels as if he was growing richer, as pri. ces rise, and that lie lias it in fits power, by foresight and exertion, to make his fortune. Hut it is the nature of stimulus, moral as well as physical, to ex itc at, first, and to depress afterwards. Tne draught, which at first cau. scs unnatural excitement and energy is sure to terminate in corresponding depression and weakness; nor is it less certain that the sti. j inuliis ot a currency, expanding beyond its proper limits, follows the same law. We have had the exiiileration and the depression has succeeded. We have hid the pleasures of getting drunk, and know experience the pain of becoming sober. The good is gone and the evil has succeeded; and on a fair cal culation, the latter will be tumid to he greater than the former. Whatever impulse the ban king system was calculated to g ve to our im provement and prosperity, has already been given; and the reverse effects will hereafter follow, unless the system should undergo gicat and radical changes; the first step towards which, would be the adoption of the measure proposed by this hill. I have Mr. President, finished what f in« tended to say. lhave long anticipated the present crisis, but did not expect its arrival in my lime. When I saw its approach, I reso!. ved lodo my duty be the consequences to me what they might, and I offer rfiy thanks to the Author of my being, that lie has given tile the r solution and opportunity to discharge, what I honestly believe to be that duty oil Ibis great subject. How the question w ill be decided, is ac knowledged to be doubtful, so nearly are the lv»j Iloilo? 8 supposed to be divided; but what ever tna> - be its ♦ate now, I have the most per feet confidence in I'* triumph. The public attention is r^wed., will be thoroughly investigated’, nuo * ’ laro !J° fears but the side I support, will p.'ove *° be the side of truth, justice, liberty, ci vil:x», f ion,, and moral and intellectual excellence. BV EXPRESS MAIL. [VIIOM OUR COniIF.SPOXDEXT.] Washington, March 23, 1833. Mr. CALHOUN brought forward his long promised reply to Mr. Webster yesterday. It was not distinguished by the ingenuity and ability he displayed the other day, in his reply to Mr. day : and so far ns it professed to he an answer to the conclusive and powciful argument of (he Massachusetts Senator, it was a perfect fiiilu re. He sneeringly assigned to Mr. Webster, deep poli ical giicf, because he (Mr. C.) refused to co operate with the opposition when victoiy was within their roach. That victory, said Mr. Cal houn, would have brought in consolidation prin ciples and policy, the Tariff, the Hank, Internal Improvements and all. Therefore he refused to co-opciate. He very unjustly spoke of Mr. Clay and Mr. I M o ister, as “ associate*,” in an as.ault upon ! him ; and complained that tho latter had mein- j uated again, the charge of going over, afier he had demonstrated there was no foundation (or llio charge. He accused Mr. W. of having used only the feeble weapons of raillery and sarcasm because that Senator could apply no others, while ho (Mr. C.) held in his hands the weapons of truth and justice. Mr. Calhoun, also, did Mr. \V eltstcr great ini justice, in saying that he had entered on a cam. patison between their lespoclive public charac ters, and applauding himself, while he deprecated Mr. C. To make out his charge ho stigmatised that splendid hurst of eloquence, in which Mr. Webster expressed his devotion to the whole Union, as mere self laudations, an ebullition of self sufficiency. He wont further, however, and declared Mr. W. was entirely sectional in his feelings, and especially was opposed to the in terests of the South. He contrasted with their want of expansive patriotism, his own liberality to the people of the North, and his assiduous attention to the interests of tho whole country. He then intimated that a com parison of the courses they had respectively pursued, with reference, to.the War would not be complimentary (o the Senator from Mass., but he would forbear to look upon that subject. Mr WEBSTER instantly rove and expressed le 'hu hope that the Senator fiom Carolina ■' would go on. V Mr CALHOUN declined, however, and beg ged not to lx) interrupted ! ' After these personal ties were got through with, <r Mr Calhoun undertook to answer the arguments h of Mr Webster in respect to the reachability of *• Banknotes, and the power and obligation of the General Government to take care of the currency j and the tendency of the Government paper I, Which he proposed to issue to produce centraliza* » (ion. But he did not abate one of that gentle s man's positions. Mr Calhoun made some very important admissions in respect to the two hist of these points. Ho confessed he had somewhat I modilied It s views in relation to receiving Bank f paper, and the power of Congress OVdr the cur -1 rency. During the time he had expressed opinion* j different from those he now maintained, he was l in office, and was more occupied in defending the . iVew Administration then in oxaming principles. ; His departure from any course he may have 1 pursued at that lime was in favour of liberty— * not against it. | Mr WEBSTER replied with great spirit and i promptness. He declared that if Mr Calhoun ■ had confined himself to a reply in the legitimate ■ sense of the term, he would have added but a word, but that Senator had gone int 6 other mat ters, merely personal, of no importance to the , public, though highly interesting to his own character, and these Mr Webster would notice, lie defended his character in regard to the war. Ho asked Mr'Calhoun if he (Mr Wjl opposed the war 7 he had nothing to do with the declara tion. He was not in Congress, he was engaged in the duties of his profession. He challenged Mr Cto bring forward his reserved copy. As to the embargo also, what had he to do with that.—• Nothing ! he was not in public life at the time.— After the declaration of war he came into Con gress ; and from that time, there was not, he maintained, a single instance in which he gave a vote which the Senator from S C could adduce as indicative of any want of patriotism. He . defied him to the trial. In truth added, Mr Webster, the gentleman's patriotism, and my alledgcd want of patriotism, ran very much at that time in the same channel. They had agreed as to the Navy—the importance of strengthening that arm of the national defence. They had agreed as to the bant nf Mr Dallas; they had agreed as to c'onsli'Uliohal questions. Mr Webster declared that there was not a single principle or opinion now held by him, which was not maintained by Mr Calhoun from his entrance on public life down to the year 1824. Mr W. then repeated and enforced his former j arguments on'the constitutional questions involv ed; and concluded by declaring his determination df Mr Cdlhbert to strike out the 23d fMr Cal houn's) section. Mr WALE has the floor for tomorrow. The House was engaged during the whole day iMlh the General Appropriation Bill. M. CHRONICLE AND SBNITNEL, AfIiJtSTA. Tuesday itloruing, March 27. in the notice yesterday of the meeting of the Delegates to the Convention and the Urimrtdttee of Arrangements, tl was stated erroneously that the Convention was to be held on the first Mon day in May ;it should have bebn April. We perceive the siStrte error In tlio People’s Pfess 61 ycstetdajr evening. (£j* Dr Collyer lectures this evening for the benefit of the Augusta Benevolent Society. See his advertisfcmcnt in the paper. By a leitct received at New York on the 22d insl. we learn the loss of the ship Ruthelias, by lightening’, which sailed from New Orleans on •be 30lhDcc. bound to Liverpool. The Neptune. „„ , r i Deraid of the 22d inst,, says, I he New York . ~ .... , . ~ , , 'he safely of the JNep. “Much anxiety is felt for , . , , T ~, I . n . • n . left Norfolk, tunc, Captain Pennoyer, whtci. , (V» Jon Friday, for this port. In her . trips between this city and Charleston, she ha. put into Norfolk both outwards and homeward*. | She must have been caught in the terrible gale of Saturday, and the apprehension now is, how and j where she weathered it. Since writing the foregoing, we learn that the Neptune was seen on Monday, putting back in to Norfolk, with the loss of a chimney, after ha ving rode out the gale." Spring Prospects. The same paper says “The city is filling with strangers, and the hotels arc reviving from the ; dullness of the winter. Upwards of four bundled ; arrivals are noted on Gilpin’s books yesterday— principally country merchants and dealers; and we have no doubt we shall have a fine spring trade. The early opening *f the river is propi tious. and all concurs to inspire confidence in the ! elasticity of trade, and the energy of our commer cial classes. We perceive by the N. Y. Slips that the Hud. son river is open the whole distance, and lliatthc. boats have commenced their regular trips. / hit. Jaiidon. / “The N, Y. Courier and Enquirer of/" e 371 h iust. says:—We have been favored wj/m ill* fol lowing extract of a letter from a aenlleuan in London to a friend in this city : / A “It is in contemplation to lotgf in Snglun joint stock association, at the "ead of whichJFtll j preside Mr. Jaudon, the U. S. Jeank, with which it will be connectiryT The i objects of this association will he of foreign loans, the corfevtion of on stocks in the United S'-idOs, advances and dealing in exchanges. The will be £‘i,. 000,000, to in shares fluilar to stock banking associations at>resent in operation in Euglaiw.” J / IVewHampslrfe Flection. M WoAave nothing dofidtc as to the e». t rcg . uh toi Governor. Is*-: Hill is no douMy re-elec- hy from 2SOU IpoiOOO votes. In to !<fhc Legislature, lit- Boston Daily has • the following: I i “ There are twelve Senatorial DUlricie. In I District No. I, 6,7. 9. 10 and probably 11, the Whig candidates are elected. In the other six Dietiictu the Van Buren candidates are probably chosen. John Prentiss, Esq. of Keene, conics in by the largest majority, in No. 9. tl The political character of the mcniberrf of : I (he House is not exactly known. Tho Concord Statesman, however, says that it is quite certain that a majority ore Whigs. A Meeting in Scriveu County. At a meeting of a portion of the citizens of iScriven County, assemble] without respect to ! political party, to take into consideration the 'propriety of appointing delegates to represent the interests of tlio county in the Convention to as semble in Augusta on the Ist Monday in April next; Elijah Roberts, k Esq. was called to the Chair, and John Robb Kettles, Esq. appointed Secretary. The Chairman having explained, Ri an appro priate manner, the object oi the meeting; Wil liani Green, Esq. offered the following Resolu tions ; Resolved, That we highly appreciate the mo tive and object of the proposed Convention to be held in Augusta on the Ist Monday in Apri' next —and deeming it important that we should ho tepresented in said Convention, we will there fore proceed to appoint three Delegates for that purpose. Resolved, That the Chairman appoint said Delegation, and that any vacancy which may occur therein, be supplied by the Delegates them selves. Whereupon, the Chair appoint*] the follow ing gentlemen to represent the people of Seri ven County, in accordance wish the above reso lutions. Col A S Jones, Rev P L Wade, and Edward J Black, Er-qrs. On motion, it was resolved tbAt these pfoceed lugs be signed by the President and Secretary, ainl be published in the Augusta papers. ELIJAH ROBERTS. John Robert Kittles, Secretary. March 24, 1838. [pon THE CIIIIONICLE ANII SENTINEL.] The Hanks. We h-ar not a little about a pressure that is beginning to be felt iii this city, and not a few of us have sensible evidence of it. The cause of it is] on the lip of every one ; viz. that the Dai,;.a it lose their usual accommodations. Will some one who is initiated into tho mysteries of tlieae institutions, he good enough to iniform the why it is, that the Banks have refused to discount 1 To theih, the people have been extremely kind and indulgent; and they surely may respectfully enquire, why the Banks arc indisposed at this lime to reciprocate the favor. We believe that ho satisfactory reason can he assigned for it.— What inducement there cdh be to Batiks who do not pay specie to withhold their common fa vors to responsible persons, it is beyond the pow ers of my intellect to divine. Unexplained, it looks to me like wanton trilling with the interests of 1 the community—a community that H(is higher claims to the gratitude, than the severities of the Banks. If the Banks persist in the rigorous course that they arc how pursuing, accumulating disasters must come upon tho people; when they come, let riot the people bo gulled with the cry that the pressure is caused by tho tinkering of the General Government With the currency, the want of a United Slates Bank, the sub-Treasury i or any of ihe old worn out stories; but let them I ; ascribe it to the true cause, the unaccommodating j spirit of our own local institutions—a cause that | every man now admits, when (ho cause and the effect are within a half’s breadth of each other. JUSTICE. [communicated.] Mu. Jones: —ln your paper of Saturday mors 1 ning, under the head of •* Curiosities of Litcra -1 ture,” you give a copy verbatim et literatim of an advertisement found by a gentleman travelling in the West. Enclosed I send you the original ot one posted up in Oglethorpe County in this Stale, vVhich I have kept as a “ Curiosity,” fur several years past, and which i hope you wist ’ publish also. You suggest that the writer of the one published must have been a jestis of the •>eacc —please inform us what kind of a function 's tho author of the enclosed. arVW “' ORTHOGRAPHY. , . „ '"dess lie was a candidate for (We’ cant toll b- , . T ,.-'n s Administration Post Master under a mar goto NotiAW» rch 10 183 ■ luce in Woshinlon on Chu'stD3 xhe 4 VVithc aslarand snipe in Hur sac ea £,orei mar one Hur bin d feet White ruf ShoD Bcil'rc out four feeto 10 highte six yeres old cne.y emphey millions or Deliver*'!) to me will BeliberWoi’il DerD J \ ; Ogel tharpe / Joseph DraOG coun'u' | liven nerjdounteline metin house J’ehruiiry. All S N o \\\W.' ]' i l^ i 1 1 f■ i i ■ ■ 11 I y* e y* ® of materials have Reared fur theH£ velvet fed vt . lveli al)d M . arc almost one* adopted. Hats have not varied YVe observe that those which have the inM [r 0 f brim trimmed with flow* era only^^ re not m)W so generally adopted as thoscfi^h ame „ le j an intermixture of blond flowers. Wo sec also a good many hats, Pjwirularly b/ack velvet ones, ornamented with J#rds of Paradise of tho natural colors. fj MantlEs.— yl’ho manteau ala Czarina is tha j only novelty /the month; it is composed of sa tin, either black or colored; in some instances it is liiiedytufth fur; the trimming, which is the principal/ novelty, consists of a very broad band PI, cut in irregular points, and circled with he sleeves are of the dcmi-large kind, pelerine very large, and pointed; both med to correspond with the round of the Pull Duess Robes.— The formes are deci deilly those of the declines of the seventeenth century, with some modifications, which are moro or less becoming. Sleeves have varied little— We must, however, notice a very pretty and bo coming sleeve which has just appeared- it forms a sort of juste milieu between the velvet and the amadis by means of four bouillons varying in size. Fancy black is much in favor (his winter; it mingles in toilettes of all descriptions, and.-when .i I it is impossible £to make it mj important accessa ry, a velvet ribbon is worn round the throat, fast ened in front by a largo diamond or any other precious stone. A style of fancy black much in vogue in evening dress is a black blond laca robe, open in front, and worn over an under dress of while, pink, blue, or rose colored satin. Knots of satin ribbon, with two floating ends suf ficiently long 1 1 reach from one knotlo another, retain the skirt of the lace robe on each side; the knots are always the color of the under dress. UaLX-D mss Materials,—Crape, tulle, and various kinds of gauze; in particular, grenadine gauze of the very richest kind; also, satin striped gauze and gauzes spotted and figured in colors of gold and in may add, also, liionde lacc, both black and while. The colors adopted iti bull dress are always light,—blue, rose, apple green, and lilac, but above all all, w hite. Jewelbt.—A lizard has become very much in vogue for dill'erenl uses; it is employed for tho hair, for bracelets, and for agraffes or robes.— We see also several round bracelet of or bruni. Colors a la Mods.— Rich full hues, or very dark ones, as ruby, beet red, maize, violet, dark shades of grey and black; are adapted for carriage and half dress, but light hues continue most preva’ent in evening costume.— IVm.it of Fa shion. alTm n Intel licence. CH UiLEaTON, Marcli 26.—Arrived on Saturday, Lin • ship Calhoun. O’Neill, New York; Kchr. > eiocityl K.vLy, New York, Sciir. Franklin, 8t in£, Hiack e rett; Arrived yesterday, tlnp iVjcdoru, iiubb, Liverpool; sailed 3-st Jan. Glean, d, brig Hunter, Bouncy, Mutnnzas. Went to seu on {Saturday, Schr. fLr.th Miller, Rubier. Philnd iphia. Went so s.-a yesterday, Schr. Allure, Qomcz, St, Johns, (K F*J Schr. V\ aslimgton, iMilier, Garey’s Feriy; Schr. Empire, Suuthwick, St. AuguniiK . -V- AVI! mi Mainamutilft MAIIRIED - ----r On Tuesday evening last, by the Rev Mr Ar< dis, Mr Madison Cox, o' Beach Island,to Mis. Ann, daughter of Mr William Frazer, ol this city'. mill) At his residence in Richmond County, on the 18ih inat. Lewis BnkiNT, in the 45th year of his ngo, and Ibrmetly of Burke County. Undies’ Working (Society. (ryTho “Ladies Working Society of the Pres hyteiian Church hi Augusta,” will hold a Fair at the Masonic Halt, bn Tuesday, the 3d dav of April next, when a number of useful and fashion ble articles of their own roanufactuie will he exhibited for sale. The Society was formed for the purpose of general benevolence, as may be perceived by the following extract from its Constitution : “The object of this Society shall be, to afford relief to the sick poor of the city of Augusta, and its immediate vicinity; and to promote as far as A practicable, the education, morals and physical * comfort of indigent children within the same limits, especially by co operating with the Board of Directors of the \ugusia Free School, in sus taining and carrying forward such plans for tlio improvement of the Female Department of said school as they may deem expedient, and proper to adopt.” The purpose of the Society being to do good I to the sick, the suffering and the helpless, who, I in their immediate vicinity may need their assii- I lance, they have little doubt that their object will I, so commend itself to the community, as to secure I to their efforts a liberal patronage, especially as I in the pleasant trade it invites; both buyer ami I seller are co-operating in the important cause of I benevolence. March 8. I (XD* We are authorised to say that Win. W, I HOLT will not be a candidate at the approach- I mg election for member of Council, ■ (Xy Dr. RObEKTSON declines being a can- I didate for a seal in the next Council. B Mr Junks —Please announce the following HI gentlemen as candidates for Council in Ward K No. 4. H ANDREW J.MILLER. VI L. P. DUGAS. ill C. B. HITT, 1/ Please announce the following, ticket fcf'wi' Members of Council for ward No. 3. sr T. RICHARDS, I A. G. BULL, fM W. G.NIMMO, | Mn. Jones —Please announce the follnwiiiMj® gentlemen as candidates for Council in VVanHK; No. pi A. J. MILLER, H| L. P. DUGAS, ■ C. B. HITT. f Mir Jones— Please announce the Wlowinß' gentlemen as candidates for members of Cpuntißß| . for Ward No. 2, at the approaching election ■' F B. H. WARREN, » ROBERT BARBER, < S. M. THOMPSON. 1 (Xj* Mr Editor—Please insert the followßh . ticket for Aldermen, for the 2d Ward, and Manx Vothi'Bß B H WARREN,-) §1 A CUM MING, p Aldermen, -Bpl i JOHN BONES. > . rWX\ . 1 Mr. Jones : Please insert the following IibHHB for Mayor and Alderman for the 4lh oblige Manx Votii'B '*> Fon.MAToi. V ■/' t > . SAMtlfiL HALE. v, * /' Foil Members or Council. apt / C. B. HITT, Bi L. P. DUGAS, B' * JOHN HILL. J, jMii. Jones —Please announce the i «erfiHernen as candidate for Mayor an,l mwß rtl"ktunir'l—members to represent Ward,-^B* ’ Manx Voir* FOR MATO It, SAMUEL HALE. FOR MF.MnERS OF COUNCIL, t I W. W HOLT. THOMAS RICHARDS, Sf ISAAC MOISE. 1 . will please announce tbr^B ■ candidates for 4, uMbe en^elec* CHAS. B. Hir’F, JOHN HILL, fljb The following gcnllemen ported for members of Council for Ware ‘ by Manx Voxir «, B. B. KIRTLAND, F. H. COOK, A. G. BULL. Please announce the following gent ten® Candidates for Ward No. 3, at the appf Election in April next. I B. W. FORCE, THOMAS RICHARDS, B. B. KIRTLAND. ; (Xj" The following gentlemen will members of Council in Word No. l,il cl 9Et on the first Monday in April next: PHILIP CRUMP, |i R. F, BUSH, K MITCHELL NELSON. ■ I Mr. Jones, wo should be gratified le . sented in Council by the following gcntle^'^B A. GUMMING, ■ t MARTIN M. DYE, IS , JOHN BONES, IB i and hope they will suffer their names (J« nOunced as candidatesatthe appioachiciUßß Many Voters of 2d Mr. Jones—Please announce the a gentlemen as candidates for Council > f Ward at the approaching election in VBB t GAREY F. PARISH, 5 * PHILIP CRUMP, U WILLIAM E. JACKSON M