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W>*HAjuwrjmaHTM( . 4«mi—i MR. r7 A V'S ;jl*i’,l(Tl ON THE &L’M-1 IIUASUt V till I. o-irfutfird 'll! the liquidation of the debt due to the banks item the community, and from the batik- to the e.ommuniiy, there would uul ho ns much dilfieu!- fy as the Senator teems to apprehend. from the man of debts due to iho hunks mo to bo de ducted lirst, the amount of subscription. which constitute their capital-.: secondly, the amount ol deposites to the credit of individuals m their cu tody; and, thirdly, the amount of their notes in circulation, How easily will these mutual debts neuiraliu each other/ The same person, in numberless instances, will ctunhinc in linnsoll the relations both of creditor and debtor. The only goucral operation ol hanks heyond their discounts mid depositos, wtiie.h pervade ■ the whole community, is that of furnishing n ciren latiirti in rodeo liable p iper, beyond the mnouiit ot specie to redeem it in their vaults. And can it be doubted that this additional supply of mon ey furnishes a powerful stimulus to industry and production, fully compm-nting any casual incon veniences, which sometimes, though rarely, occur! Usnks reduce the rate ol iiituioal. and repress inordinate usury. The salutary influence of banking operations it demonstrated in countries and sections of country where they prevail, when contrasted with|tlioaoin which they a-c not found. In the former, all is bustle, activity, general pros perity, The country is beautified and adorned by tlio noblo works of internal inipro cntoni; the cities ore filled wiih splendid edifices, and the wharves covered with the rich productions of our own or of foreign climates. hi the latter, nil Is sluggishness, elothfiilnesa, and inactivity. Eng laud, in modern time*, (lliratrafes the great ml vantages of hanks, ol credit, and of atitnulali d m duatry. Contrast her with Spain, dchlitutu of all those Advantages. In unctrmi tones. Alliens Would prcseitl. an imagri of full and active employment of a.I Iho vurrcr ( . H ( ,| m ir, carried to the highest point of civilization, whilst her neighbor, Sparta, with her iron money, affords another ofllio beaded b .s l l it of metallic circulation. The Senator f.oui S.nrh (Jar dim would -In the banks no harm; but they urn dcentml hy him highly injurious to the planting tno rn-.i! According to him, they Inflate pne t, and the poor planter bcl'h Ids product ions for hard mi-, ney, and Ime to purchase Ills suppln-H at the wwolon prices produced by i p iper me Imm. ■Mow, I meet dissent altogether from the Siena tbr’a vUlcinent o( the case. England, ttic principal customer of the planter, h quite us much, if not more, a paper country than ours. And the paper money priced of iho one conns try are neutralized by the paper money prices of the other country. Il'tho argument wore true, that a paper money country trailea rita ndvantngooualy with a hard money country wo ought to continue to employ a paper med ium, to counterbalance the paper mml.uiii < 1 England. And if wo wore to banish mu pa* ptr, and substitute altogether a metallic cur rency, we should be exposed to the very ine quality which has bok-tt insii.led upon. Eat there m nothing in tint view of the matter which is proaonted by the Senator from South Carolina. It, as he assorts, prices wore al ways inti ited in this country beyond their standard in England, the rule of exchange would bo constantly nganj.-t. ue. An exam ination, however, into the actual state ol exchange between tho two countries, lor a long aeries of years, r.vanes that it In ; generally been m our favor. In the direct trade bu.wooa England and lire country, 1 hare no doubt, there is a largo nmiin. 1 hai. anca against us; bin that balance u adjusleu and liquidated by balances in our favor in other branches ut our foreign trade, which have finally concentrated "in En-dand, ns the great centra of the oommcrciuf world- Oldlltbo interests Mid branches of indus try in this country, none has profited nioro hy the uro and employment of credit and capital derived from banks and uLlicr toirccs, than tho planting interest. It habitually employs credit in all countries where planting agricul ture prevails. The States of Alabama, Mis sissippi, Arkansas, and Louisiana, have al most sprung into existence, u« it were, by magic, or, at least, have boon vastly improved and extended, under the influence ot the cre dit system. Linds, slaves, utensils, beasts of burden, and other supplies, have been emu •lantly bought, anti still continue lo he pur chased, upon credit,' and bank agency is all ossenlial to give the most beneficial opera, tion to these credits. Ent tho argument of the benator from South Carolina, which 1 am combating, would not ho correct, if it were true that we have indited prices on tins side of ths Atlantic, without a corresponding in flation of price on the other side; because the planter generally selling ut homo, urn! buying nt ho io, 1110 proccudd of hid balo, whatever they miy be, constitute the matins by which bo effects his purchase", and cousequoiv l ly neutralize each other. In wh it do we of she est receive payment lor the inuuenso quail lily ol live stuck and other produce ot our industry, which we annually sell to the booth and Southwest, but that paper medium now so much decried and denounced! The Senator from South Carolina is very fond o' the Stale batiks: but he thinks there is no le gitimate currency except thalnt the (,'onsli lution. Ho contends that the power which the Government possesses to impose taxes restricts it, in their payment, lo the leeciplol tho precious metals, lint the Constitution docs not say so The power is given in broad and unrestricted terms mid the Gov ernment is left at liberty to collect the taxes in whatever medium or commodity, from the exigencies ol the case, it can coiled them. U is. doubtless, much the most convenient to collect them in m .ivy, hocau-e dial repia souls or can command, every thing, the want of whic.< is implied by the power of t.t\ Cut suppose them was no uvniov in the country, none whatever, to b ■ extort ml bv* tin tax-gatherer front tin impoverished people! Is the power of Government to cease, mu] the people td be thrown back into a state of nature! Ihe Senator asks if tuxes could be levied and collected m tobacco, in cotton, uud other commodities! Undoubtedly they could, it the necessity existed tor such an inconve nient imposition. Such a ease of necessity did exist in the colony of Virginia, and olh er colonies, prior to itie Revolution, and taxes worn accordingly levied m tobacco or other commodities, us wolf-scalps, even at this day, compose n part of the revenue of more than one State. 1 li*j argument, thru, ol ifie Neiiator against the light of iho Government to receive bank notes in payment ot public ilui-s, u practice coe val with the existence of tho Government, dot-: not seem to me lo be sound, it is not ,i a'uralv, for another reason. Hank notes, when convert! bio at the wifi .ji tbc bolder into sp-cie, aro m mucli couutod or told specie, like the specie which is counted and put in marked kegs, deno ting the quantity of their contents. The Sena tor tells us that it has been only within a leu d»y» that he has discovered that it is illegal to re. ecive bank notes in payment of public duos. Jjoea he think that lire usage of I tic Government under sit its Administrations, and ivilh every par ty ti» power, which has prevailed for nigh’ tif.y vriirs, ought lo bo sot e-ide hy u novel tin u . ot tjis.just dreamed into existence, even n it i ■ • »c,s the mi • I "f ii it. T - ..ndcr consideration, ■ ' i ii. :/v.l iv the Senator a-i prrlr- i . i ex *u u <■ an.l -1-i-itls, s contains h j.ruvi l’i -t bat n.ilca sh.nl be re.« • ccivtd in Jindni-.LieJ pis. >r. , . ilnriiii; •» term of nix yearn. He himself introiliitcil that iden* i tical principle. It ia the only part of the hill that . 1 is emphatically his. How. then, can he corneiid that it i« unconstitutional to receive hank notes) 1 in payment of public dues ? I appeal from him self to himself. The Senator further contends, i that general deposited cannot he made w ith hank), i and he thus confounded with the general mass of , the funds on which they transact business. The , argument supposes that the money collected for taxes must he preserved in identity; hut that is 1 impossible, often, to do. Moy not n collector ■ give the small change which he has received from one lax payer to nriotln r tat payer loanable him Ii to effect hi< payment? May he not change gold , for silver, or r/cc r-crjci, or latch, il he lie a dis . tanl collector, to obtain an undoubted remittance ] to tbe public Treasury I VVhtit, Mr. I’reaidcnl, . is the process of making depo sites with banks? t The deposilo is made, and a credit is entered tor .. its amount to the Government. That credit is C supposed to bo the exact equivalent of the amount j deposited, ready and forthcoming to the Govern , { merit whenever it is wanted for the purposes of j disbursement. It is immaterial to the Govern* . | ment whether it receives back again the identical I | money put in, or other money of equal value. u All that it wants is what it put in the bank, or its equivalent; and that, in ordinary limes, with ’ such prudent hanks as alone ought to ho selcct r id, il is sure of gelling. Again: the J reasury • has frequently to make remittances to foreign ' c iunirii ■; to meet the expenditure necessary there ' for our naval squadrons, and other purposes. , They arc made to , ankers, I" 111- or '* Ilia Rothschildin tire 1 bIU of exchange j purchased in the mfliket by the agents of the Go- ; vornment here, with money drawn out of the j Treasury. Here is one entiversiori of tho money | h j received from the lax gatherer into the TrcnsUiy. ; ’t The bill ) are transmitted to the honkers, honored, j >’ paid, ami tho amount credited by them to the! United Stales. \re the hankers hound to retain 0 tho proceeds of the bills in identity? Are they j y bound to do more than credit the Government | ? lor an equal amount, for which they stand re i- fpnndbln whenever it is wanted? Il they should happen to n at any portion ol (hose very proceeds ( . ol hills reinilled to them in their bunking opera tions, would it Ini drawing money from the Trcn „ stiry, contrary to the provisions us the Gonslitu e lion 1 The Senator from South Carolina contend) that there is no constitutional power to contract with the twenty five selected hanks, ns proposed H in the substitute; yet tho deposite act of 18110, • which obtained the hearty Approbation ofthat c Senator, contained a similar provision; and the - Vl , r y bill under consideration, so warmly supper y ted by him, provides, under certain contingent *, tics, foi contracts lo bo made with Spite banks, 1 to receive deposites of the public money upon " e'irnpcnsntioM, He objects to the substitute, that J it converts (wanly five State hanks into a systenr ! J of federal i nsl it ii t Ions; but tho employment of i yi iii- insliliilions by the federal authority no r mure makes them federal, than the employment i of federal institutions by tho States converts ■ them into State insliliilions. This mutual at-I, ■ and this reciprocal employment of the several institution:) nt the general and particular Govern ments. i) one of tho results and beauties of our admiral although complex system. Tho Gene ral Government has tho nso of tho capilul, court houses, pri :ens, and penitentiaries, in the several -State". Do they, therefore, although the State hanks may occasionally he used hy the federal im'hority, their legal responsibility lo the several -Stalen remains unimpaired. They continue to 1 ho accountable to them, aud their existence can only I'O icrmildalcd or prolonged by the Slate authority, /-nil being governed, as they are. by corporate authority ' , m.7*>aling from, and amena ble to State jurisdiction, end Vet under tho con tro] ol tho Executive of tho Unite Slates, con stitutes nt once a greater security «„'r I,*?** public money, and more salcty to the public, litn-fty- 11 , has been argued that a separation of tho Govern 1 incut from the hanks will diminish the Executive J I power, it must ho admiltoii that the custody of | the public money in various banks, subject to the j control of State authority, furnishes some check j upon tho possible abuses of the Executive Go- I vernnient. Hut tho argument maintains that j lilt Executive has least power when it has m )at j complete p asos-iun of the public Treasury! The i Senator from South Carolina contends that the separation in ques ion bring once effected, the ; relation of the Federal Government and the I Slate hunks will lie antagunistical. 1 believe so, ■ Mr I‘icsidcnl. That is tho very thing I wish to prevent 1 want them to live in peace, harmony | and friendship, if they are antagonists, how te it possible that tho Slate banks can maintain their existence against tho tremendous influence of this Government. 1 Especially, if tins Govern ment should ho backed by such a vast Treasury bank as I verdy believe this bill is intended to create? Ami what becomes of tho argument urged by the Senator from South Carolina, and the hlk it i lion resolution olio red by him at an ear ly peiiod of tho session, assetling that tho Gcae | nil Government is bound to protect tho domestic ’ | institutions ol the several Slates! 1 I The substitute is not, I think, what the well i j fate of the comilty requires. It may servo the 1 ; purpose ot a good half way house. Its accommn ! 1 da ions appear fair, and, with the feelings of n . wearied travellei, one may he tempted lo slop awhile and refresh himself there. 1 shall vote i for it a) an amendment to tho bid, because j be ; lieve il the least o( two evils, if it should, indeed, f inflict stay oil; or rather, because I feel myself i in the position of a p un-nt lo whom the phvsi , ciun putsui Is in one hand a ettp of arsenic, and I in the other a cup of ptisan ; I reject the first, he . ! eausoofthe instant death with which it is clung , , rd ; I lake the latter, ns being, at the most, harm- i less, and depend upon lhe[r/.v nuJicalrix tinlura, t | It would have been o gnat improvement, in my • opinion, if the inode of bringing about the re- I sumption of specie payments, contained in the j subs, ilule, were reversed ; lh.it is to say, if instead ! ol living on the Ist of July for resumption, il had ’ ! provided that the notes of a certain number of | safe, sound, and unquestionable banks to be sc ■ - lode.l, should be forthwith received, l y the Gen • oral Govermnenl, in |-.ayment of all dues; and I ! that if the selected bunks did not resume, by u ' future designated day, tlieir notes should cease to 1| be taken. Several immediate fillets wolilJ ibl , j low : Ist. Thu Government would withdraw from • I the market as a competitor with tho limits for spe ,- j oie, and they would be left undo turbed to . I strengthen themselves. And, ‘-idly, confidence s would bo restored by taking off tho discredit and r discountenance thrown upon till banks by the - Government. And why should these notes not ,i ho so received I They are as good as Treasury notes, if not bettor. They answer all tho pur poses of the Slate Governments and the People. I i’hey now would buy as much as specie could ' have commanded at the period of suspension. I They could be dtshatsed by the Government, j* j And, finally, the measure would be temporary, j’ ! Hut the true and only etibacious and per itnanonl remedy 1 solemnly believe, is to be | found in a Hank ut the United Slates, proper , ly organ;xcd and constitutid. Wo are told I that siu-li a bank is fraught wills indescribable iV t danger/und that the Government must, in the , ! sequel, gel possession of the bank, or the s- j bank of the Government. J oppose to these it i imaginary! terrors the practice of forty years. ■. I I oppose lo them tne issue of the memorable v contest, coniineiiced by the late President ol fj the United .Stales, against the la to Hank of ■ I the Untied States. The administration ot filial bank haft been \v ithHul scrimis fault. It Lad given no just offence to the Government, I towards which it] had faithfully performed j every linancial duty. Under its aide and en ■ lightened president, it had fulfilled every an- : ' Lcipalitm which had coen lonncd by those ! who created it; President Jackson pronoun- | ced the edict Dial it must f ill, and it did fall, ! ■ against the wishes of an immense majority of j ; the i’eopleof the United dial os; against the ■ convictions of Us utility entertained hy a large majority of the States; aijd to the pre i judice ot the best interestsoftlic whole coun | try. Ifnn innocent, unoffending, and hijrkly beneficial insitution could be Isms easily des troyed by the power of one man, where would , be the difficulty of crushing if. if it had given ' any real cause for just aaiiuadversion! final ly, I oppose to these imaginary terrors the i example deduciblo from English history. There a hank has existed sirjcc the year 1094, ' I and neither has the hank got possession of , the Government, nor the Government ot the j honk. They have existed in harmony togefh ! er, both conducing to the prosperity of that | I great country;and they have so existed, and | so contributed,because each has avoided cher- | ■ ;shing towards the other that wanton and j I unnecessary spirit of hostility which was uru j i fortunately engendered in the bosom of the ‘ I late President of the United State?. I rnn admonished, air, by my exhausted strength, j and by, I tear, your more exhausted patience, to hasten to a dose. Mr. President, a great, novel, anti untiicd measure is peracveiingiy urged upon the acceptance of (Jongrcsa. That it is pr»*jj rian t with ‘rnieiuloua consequences, for good or evil, u undeniable, and admitted hv all. Wo fmnlv I believe llnil it will be fatal to the best iuterrs's of ; this country, and ultimately subversive of its li. ! berth's, i ou, who have been greatly disappuin | trj in other measures of orjuat promise, can only hope, in die doubtful and uncertain future, that j its operation may prove salutary. Since it was I 1 first proposed at the extra session, tbc whole I’eo i pie have not had an opportunity of passing in judgment upon it at lheir elections. As far an ibey have, l hey have expressed their unqualified disapprobation. From Maine to the Slate of Mis* I sissippi, its condemnation has been loudly ihun-> dered forth. In every intervening election, the Administration has been defeated, or its former majorities ncu ralizrd. Maine lias spoken; New York, Pennsylvania, Maryland, Ohio, Uhodu Isl and, Mississippi, and Michigan, all these States, in tones and terms nolle be misunderstood, have denounced tbu measure. Thu keystone State (God bless her) has twice proclaimed htr rujcc lion of it; once at the polls, and once through her Legislature. Friends and foes of tbo Ad ministration hove united in condemning it. And, at the very moment when I am addressing you, a large meeting of the bio supporters of the Ad ministration, headed by the distinguished genii" man tv ho presid -d in the electoral college which gave the vole of that patriotic State to'President Van Huron, are assembling in Philadelphia, to protest solemnly against tbe passage of this bill, i Is it right that, under such circumstances, it should bo forced upon a reluctant but free and intelligent People? Is it light llnil ibis Senate, constituted as it now is, should give its sanction to the mea sure? I say it in no disrespectful or taunting 1 sense, but wo aro entitled, according to the latest I expressions of the popular will, and in virtue of 1 manifestations of opinion deliberately expressed I by Slate Legislatures, to a vote of thirty five I against the bill; and 1 am ready lo enter, with, j any Senator friendly to the Administration, into ! details In prove the assertion. Will the Senate, then, bring upon itself the odium of passing this ■ bill? I implore it to forbear, forbear! 1 appeal ito the instructed Senators. Is this Government mada lor us, or for thu People and the States whoso agents wb arc ! Arc wo hot bound so to ad ■mnisler it as to advance their welfare, promote their piosprrity, ami give general satisfaction? Will that sacred trust be fulfilled, if the known sentiments of largo and respectable communities are despised and contemned hy then whom they ' have scut here ! 1 call upon the'honorable So , nutor from Alabama, (Mr. Ktxo.r with whom I I so Jong bl'md in the public councils, shout ' dcr to shouidcr, boa.t'P ike honor and the gin jry of tins great JVaple, to U i me IIOW to their res j cue. I call upon ali the Senators; L. us bury, j deep and forever, the character of tho parl.'nn. ; rise up patriots and statesmen, break the v..P I chains of party, throw the fragments to tho winds, and feel the proud satisfaction that wo have made but a small sacrifice lo the paramount obligations which we owe our common country. j : *wr~cr.'W' a■wrmn;r.yrowi ! CHRONICLE AND aKNITNBL. Thwrsfiny itlsrui ng, April 5. Tho Convention. This body adjourned yesterday evening, at five o'clock, after a session of three days, and a sitting yesterday alone of seven hours without interims j shut. We give in the proceedings of that body the j resolutions as they were adopted; the report will | bo published in a lew days. Wo have not lime now to epos!; of lire con 'notion or its proceedings, and must defer it un til another day—A more respectable body otrneu as to character and intelligence wo have never seen in session. Qj 1 The names following Delegates to the Convention should have appeared in yesterday's paper, but wore omitted through mistake. ' j Darien —James Holmes. . I ii'iistii— Peter lieimoeh, Samuel Halo. Win | W Holt. //; .id'.vi-'v.r ■ —J.t.-. Gernnny, Dryau W Col | licr. II n short Knock Ilyne, Alex Carswell. is!l .A' C —H P Feck. I,:slnf Candidates lor Members of the City Council in tho different Wards, ntthc election which takes place on Monday, Otli April, ISHS i I fit nl .Vo. !. GAIiEV F. PARISH. , PHILIP CRUMP, WILLIAM E. JACKSON I MITCHELL NELSON, RICHARD F. HUSH. W. C. DILLON. Wart/ .Vo. 2. Jill WARREN, A CU.M MING, 1 JOHN HONES, s M THOMPSON, M M DYE, llhinl ,\‘o. 3, H. 1! KIRTLAND, F. H. COOK. ; A. G. HULL, AY. «. XIMMO, It. W. FORCE, JAMES H. BISHOP, , Wanl .Vo. 1. C. H. HITT, 1,. P. DUGAS; A, J. MILLER, JOHN HILL. WM P DKARMOND. , Mcfchnat j' L out eniiou. i he Convention met yesterday at tb o clock, according to previous adjournment. Tiio following additional Delegates appeared, registered their names, and took their seals : Columbus —J. IS. Calhoun, John H. Howard, | A. P. Clayton. j Tmccdoosa, .lla. —A. M. Robinson. HI. J'eters Parish, Beaufort Dint, i. C. — | J. haitigue. Wilmington, oV. C. —Walter Owynn. Brunswick —A. L. King. Fayetteville, ,V. C. —W. Winslow. W ashington co. —Win. F. Pournell. | .Macon —L. L. Griffin. Waynesboro —.lno. Whitehead, William Dyne dim. C Poythreac. ■ Edgefield —John C. Allen. Charleston —Thus, Dennett, Chas. Lowndes. Mr. Robinson, of Tuscaloosa, presented the proceedings of the citizens of that place, approb atory of the objects ot the Convention, which were read, & on motion of Mr. \ an Landingharn, ordered to bo entered on the minutes of the Con vention. Gen Havnjj, from the Committee of 31, made a lengthy report of great clearness and ability, on the subject <-f the objects of the Convention, accompanied by a set of resolutions. Tee report being read, Mr Memm inoeu rose and addressed the Con vention in a speech of considerable length, and of eminent ability, on the causes which have ; conspired to break down the direct foreign trade | of the South, and the remedies tube resorted to | to revive i'. (Wo shall endeavor to give a sketch of this j speech to-morrow— {Ed. Citron. Hi Sen.) Judge Lonosthekt followed Mr Mommingot, I and addressed the Convention for some time, j Judgj .McDonald, also addressed the Con vention, and proposed a substitute for some of the resolutions of tho Committee, so u« to recom mend the incorporation of a Dank in the South of 10 millions capital, but alter some discussion between Mr Milson, Mr Gumming and himself, ho withdrew if. Alter a good deal of discussion upon the dif ferent resolutions and amendments offered to, them, they were finally passed in the following form. V, j 1. dissolved, That a direct trade is tho natu-. : ral channel of communication between nations, ' which oiler to each other the best market for their I natural productions ; and that the intervention ;of a third party must operate as a tax upon tho 1 exchanges between 11)001. k. Resolved, That the Southern and South- I western Stales of this union afford those staples with which are purchased nearly tho whole for eign imports of tho country; that they arc the consumerb of a large portion of these imports, and ought naturally themselves to furnish tho channel through which tho exchange is made; that on no occasion have their citizens been found incapable cf maintaining themselves in fair com pelitnm with other sections, and that the diver sion of their trade from its natural channels, must have been brought about by the unequal action of the federal government, or by the ab straction of our people towards other pursuits. li. Resolved, That in tho opinion of this Con vention such a stale of things should no longer continue; that the present condition of the com mercial relations of lire country, and tho dlstup- 1 lion of the existing channels of trade, afford an opportunity of breaking down the trammels which have so long fettered our commerce, and of restoring to tho South its natural advantages and that it is incumbent upon every man, wire has at heart the good of Ins country, to lend his best exertions to the promotion of those objects and to establish our trade upon a sound and per manent basis. 4. Resolved, That this Convention h fully awaro of the difficulties to be overcome in the prosecution of llioir enterprise; but nothing daun ted 'hereby, and fully relying upon lire public "spirit and '-alcus co-operation of their fellow cit izens "they are Jolermined to advance with unti ring perseverance'; and with that view, do earn estly recommend tils' adoption of the to.lowing measures. _ . . l, That an effort should bk tr!<>d« •° a,lord tr> the importers and purchasers at Southern sea ports, the same facilities winch arc or,, ted eb'e where; mid with this view it is rocomhn.’tmod that the .'darks in the seaports should immediate' ly apply a portion of their respective capitals, to the purchase ot fort.'un exchange, jrnd tu tho procurement of crodnu od fund* •}* l.urope; and that they should afford tho Us. M die same to the ; importing merchant upon a disco or collater- I al pledge of such good paper as he may take 1 from lire merchants of the interior, and U.'.’d dr is ] accommodation lie afforded as well upon p%m ,r having more than six months to run, as upon | that having less; and that the Banks of the into • | rior co operate by collecting and remitting the proceeds ot such paper to the banks on the sea j coast, that Urey maintain the credit of their i Dill- and keep down the exchanges by redeem- i ing their oWn paper at the sea ports; and that on 1 the other hand, the Banks in the Southern Allan- I tic Cities make arrangements by w hich the notes ! of all of them shall be at par in each. ‘I. That with a view (o the important subject i ot equalizing the exchanges between Southern, I Southwestern States and Territories, this con. j vention earnestly recommend to the various banks of tiro principal cities of these States, cr such as may be conveniently located, to re ceive lire lulls ot each other in their general bit i siness.aiui to adopt such arrangements for scttlo mcn:s, at short periods, as they may deem suit j able and proper ; tire Banks against whom tiro balance should fall to furnish funds for settling the rainc, or to pay an interest of six per cent, fiotn tho period of settlement, and that a com mittee of live ho appointed to take such mea sures as in their judgement will carry fully into i effect the proceeding recommendations. 3. That the Merchants of the South and South- West, be earnestly recommended to give prefer ence to tho importers in their own markets, and | that they afford them an opportunity of fair com j petition with other sections, by making their first calls fur purchases at Southern and South-Wes tern seaports; and on the other hand, that the Merchants at tho sea-ports shall forthwith, set about importing such stocks of goods, as will on, i sure, at fair rates a supply to the demand from the inerehan’s <>t i ; i ■ inti nor, 4. Tli.it - ,oid united ellort should be made to dr ... bone tho capital invested by the South in 1 s and (loiiipanies abroad : and to c nploy it.i f line, to reilier with such surplus cap ital ns exists at home, nr mercantile operations; and that with (bis view men of influence and I.aracler be earnestly invited to afford the bene i lit of their example, by entering into Limited i’.irliikTships, under lire laws lately passed by the t’esi t \ irgitna, South Carolina, Georgia, Ala bama, 1 ennesseu and Florida. 1 hat this Convention cannot but view w ith deep p regret, the neglect ot all commercial pur suttswhich has hitherto prevailed among the _\oulh ot our country, and which has necessarily thrown its mod imp, rant interests into the hands ->t those whoj by feeling and habit arc led inm . commercial c mnexions elsewhere. Tins C.«n mention, therefore, cannot too earnestly recom mood the speedy adoption by all their fellow citizens ot measures to introduce commercial edu-! cation among our youth; to tiuin them up to ha- i bits ol bus ness, and thereby to establish a body i ot merchants whose every interest and feeling 1 shall he centered in the country which has rear ed and sustained them. o. Resolved, I hat this convention is of opin ion that 1 1 10 establishment by manufacturers in foreign countries of agencies in the chief southern ports, lor the sale of the vati ms articles exported by them to the United Stales, would conduce to the restoration of the direct foreign trade of the south, and that similar establishments for the sale of domestic manufactures would also be desirable, 6. Resolved, That a committee of five be ap pointed to prepare an address to the people of the southern and southwestern stales, urging upon them the expediency of giving their hearty co-operation in the accomplishment of the great object of this convention. 7. Resolved, That when this Convention ad journs, it shall adjourn to meet at Augusta on the third Monday in October next, and that a committee of correspondence he appointed, whose duty it shall be to take the proper mca« surcs to enlist the feelings of the people, and se cure a cordial co-opeiauon on the part of the States interested in the objects of this Conven tion, hnd to secure a full representation from eve ry pan of those stales. 8. Resolved, That it is recommended to the members of this convention, to assemb'e the ci tizens of their counties or districts, and place be fore them their proceedings, ami urge upon them the expediency of promoting the measures recom mended by this convention, and particularly of forming Limited Partnerships, under the laws pass'd by the southern slates, as aforesaid. Dili Whereas tho completion of the line pf com munication by Kail Hoads, connecting the South ern Atlantic Cities with the groat Valley of the Mis sissippi, is the most prominent and efficient meas ure to promote the useful and patriotic objects which has culled this Convention together, there fore, Resolved, That this Convention is deeply ami I solemrih impressed with the transcendent tmpor- j tnnee of the groat works of Internal Improvement ■ which are intended to effect this mtc reouimumca- t tion, anti do most earnestly invoke tho people of | tho Southern and Sou h Western States to bring j all their energies and resources to bear upon this ; vital point, not doubling that such efforts will | crown with brilliant success the noble enterprizo. On motion of Mr. Pinckney, Resolved, That the members of this Conven tion. in recommending tho aforesaid resolutions, to their constituents of the southern and south western stales, will afford to them the most un doubted pledge of their sincerity, by adopting them as a rule of their own conduct, hereby do' | dating in the most solemn manner, in the temple j of the Most High, that in all commercial dealings I they will give preference to the direct importer, and zealously endeavor, in all cases, to carry out the views and recommendations of this conven tion. • Votes of thanks to tho Presbyterian Church — to the citizens of Augusta—to the President of tho Convention—to the Secretary—and to tho Chairman of tho committee of 31 were severally unanimously adopted. Mr. Botcb moved that the proceedings be printed at the expense of tho Charleston Delega tion under authority of tho Convention. Mr. Msm'■ i.voea moved that tho President , have time to appoint tho various committees un der the resolutions and announce them through the public Gazettes. The convention then adjourned sine die. Dinner to the Members of tho Convention. ; Last evening ftt half past t> o’clock, the mom- l i befs of the Convention sat down to a splendid dinner at the Masonic Hall, given hy the citizens tof Augusta, and provided by Mr Hatty of the Clobo Hotel. JOHN THINIZV, the Mayor of the city, presided, assisted tty tho following gentlemen ns j Vice Presidents, j Misstia. Samuel Hals, Gr.y. V. Walker, Dll. A, CUNNINGHAM, Jso. Domes. EttwAtin Thomas, Paul Fitzsimmons, E. 13. Beall, SaML. CunKE, Ahvm Johnston, Antirew J. Miller, James W. Davies, After 'ho cloth was removed the following rc -1 B plar toast; were drank. REGULAR TOASTS. i 1. Our coUti/’y —'i'be whole must prosper, j when every part takes fare of ‘tsell 2. The Convention —May the succc'* a pf its 1 measures, equal the patriotism that prompted, oik? 1 the ability that has matured them. I g Houlhern Commerce —With Southern re need only arouse Southern ehtef sourccs, s*. j prise to tho ri^cuc. | 4. The Northern S/J'cs-Uct us show that j in honorable entcrprizJ, brothei * com l ,cte | and be brothers still. 5. Old Virginia —ln the career of improve meat may she “never tire.” Aftci the three rounds of loud and long ap plause which succeeded this sentiment, Mr. Mil- I sox, of Norfolk, rose and returned his acknow ledgments in behalf of himself and his colleagues lor tho compliment paid to Virginia. He regretted that the “old Dominion” was but partially repre. | senled, but with a modesty and earnestness i which betokened his sincerity, be pledged that j llto proceedings of the convention would meet ; with a response in every quarter of the Stale. Ho concluded, nl,cr addresing ; the company for a few minutes in a very hand | some ami appropriate manner by offering the fol lowing sentiment, The Augusta declaration of Independence of 1 April 4, 1838; worthy of the sacred pledge of “our ‘ lives, our fortunes and our sacred honor.” R. North Carolina —,SVie cannot falter in the . strife for commercial independence, who was th« t first to proclaim independence Irotn Colloidal 1 1 thraldom. The enthusiasm wi h which this sentiment ? ; was received,called up Mr Winslow one of the Dc ' | legates from Fayettville who in a happyand beatt ’ i tiful manner addressed the company for a few . j minutes. Ho spoke as a North Carolinian I j should; both of his own modest and unassuming ■ 1 State and of her sister Southern Slates, and cons ‘ : eluded by offering as a compliment to South Ca j rolina the following sentiment Ron Geo .McDuffie. —The liberal statesman, i 1 the eloquent gentleman; tho man whom South ■ Carolina delights to honor. This toast called up Gov. AtcDnffie who ex pressed his gratification at the quarter from which - ' the compliment proceeded, and iht; manner in ■ j which it tva* cn >r.-e Ihy the romp my.-—Alter j lUf af “' v "‘‘‘iUtM in enlighten d .train* in I relalion to the »' rea | 01‘jecla of the Convention. | he concluded t>y offering the following sentiment. The Southern and South Western Stales— ! United in their commercial and poliiical desti ny.—“united they stand divided they lull.’’ 7 South Carolina —Ever ready in spirit ari j I I resources, let industry rival the chivalry of her I sons and she stands the first among her equals, y After the applause produced by this toast hi)*. I subsided. Col. Memminceu arose and respondent to the compliment in a handsome and eloquent manner. He spoke like a man and a patriot, a worthy son of chivalrous Carolina. His is a heart that knows no feelings of party where his country is concerned, and a tongue lavish of the sweetest and loftiest eloquence in behalf of the 1 common good. Carolina—nay, the whole south may well point to him as one of her brightest jewels. He concluded by olleriiig the following sentiment; The State of Georgia —The sent’Jof hospitali ty aid public spirit; standing between the mountains and the ocean, may her sons advance with vigor to forgo the last link in the chain which is to bind together with iron the Atlantic and the Mississippi. * The least was greeted with long applause, which having subsided. Col. Tho’s Butler King arose and responded to it in a handsome manner and concluded by offering. The interests of the South and South-West— *VV hat God has joined together, let not man tear assunder.” 8 .h'ahama —A thrifty scion from Georgia, her parent stock ; may they flourish or fall to -1 gethcr. Mu. Rodinkox, of Tuscaloosa arose and ad dressed the company in behalf of his colleagues j and the State of Alabama, in n very happy and j attractive manner, eliciting great applause and I concluded with the following sentiment. The Union of the States —Best maintained bv each of lire confederating [towers maintaining its own strength ant! its own respectability. 0 Florida —Soon to add another flower to the garland of our Union. Col. Long, one of the Delegates from responded to this sentiment in a short but appro priate speech. Ho returned his thanks both for the compliment to llio Territory and for thn gal j lant assistance rendered to its citizens by the vo. j luwteers of Georgia and S. Carolina. Ho gave the following toast in reply. The Volunteers of South Carolina and Geor gia—Noble, generous, brave; always ready at, the call of their country to breast them to the shock in defence of their unfortunate and do fenceless fellow citizens. 10. Georgia —Her maxim is, to act and talk afterwards. Judge Losgstiikkt arose to respond to this toast. Ho thought a response would perhaps come belter from some one who had quarrelled with Georgia less—it could not come from ono who loved her more. He alluded in the hap piest manner to many acts on the part of Geor gia illustrating the truth of tho toast that “Geor gia acts first and talks afterwards.” Ho was re j pc itedly interrupted by the most lively applause, elicited from an amused and delighted audience, declaring that his motto was “Georgia, I’ll havo her right if I can, but Georgia right or wrong." lie gave— The I.lon Gobi T Hague —Tho man fra adiotr' his political opponents ascribe the bent ofbanrU,. and bis political friends the best of heads. Gen. Hat.vk arose and addressed the compa ny in a most eloquent and happy manno-. W 1 can convey no adequate idsa of tho speech, or ! the orator, and shall not attempt it. Every body knows Robert \. Hay no, and wo can only say that he was on this occasion fully himself. Ap plause after applause marked his words; and ho j concluded by off ring the following toast. The cilie s of Charleston and Augusta, — Brought into neighborhood by tho South Caroli na Rail Road, may the friendship which now animates the bosoms of their citizens be perpetual. 11. The Southern States not represented in this Convention —Silent, the' twice called, stef summon them yet again. 12. The Union of the Atlantic and the Jf'es -5 I tern Waters —lts object, like that of tho first ? 1 union solemnized in the Garden of Eden, to bo fruitful nnd multiply and replenish the earth. A large .number cf volunteer toasts were il a ■ given, of a highly patriotic character,interspersed with songs and stories of an enlivening charac -1 ter, but wo cannot attempt to report them now. 1 I Tho company adjourned at a seasonable hour, and in the best order. jaAHIJfJB INTEL LICENCE. SAVANNAH, April j,—-_\rrßrsliij> Dorothon: Kec. irr, Dundee; Hark l.ngniiige, Boride, N Y; brig- Romu lus, English, Providence; schr Mcdora, Caleb, B alii more schr Coiner, Mickorson, do, ’ | CHARLESTON, April •!.—Arr, ship Konobassett, I Pavia Liverpool Brship China, Larmour, do: Hr hwrk 1 Green how, Bishop, Liverpool: schr compeer,frthack •j ford, Baltimore; schr Gohasstlt, dears, Baltimore. . j Cleared, brig Bussell, Mathews, Bavre,hrig Herriett • Bruinard, Stihy, Bordeaux, line brig G n Pinckney, . Ford. Rrltimore,schr Meridian, Kent, Apalachicola,schr Albeit, Mallows, Aprlachicola. I Went rosea yesterday, U L brig; Jones, Hull, New , Yerk, Line brig; Gen Pinckney, Ford, Baliiniuro; brig Enterprice. Holmes, Mew Orleans via Key West, brig ’ Empress, Litt!e7eld, Apalachicola; schr Van Ayres, Apalarhicoln; steam packtt North Carolina, Key nolds, Wilmington, (N C.) NEGROES FOR SALE. | f lII[R subscriber bus just received nnd for sale, in r m. Hamburgh, 00 likely Virginia Negroes, the best that has been in market lor some time. Among them are first mto House Servants nnd Field Hands. ? also some very likely Flow Hoys, Cooks, Washers > and Ironers, which he is disposed to sell at the low* est market prices; also three first rate Seamstresses. I N. 1C He will continue to receive bv every orn i val, an addition to his number until Iho first of June, i Persons wishing to purchase Negroes will do we 1 to rail on him before purchasing elsew here, us he is . j determined to sell at the lowest market P rl ™V mar 2'J. I2t BLNJ. DAVIS. ' i Recorder, Macon Messenger, : • and Columbus Enquirer, will publish the above six I times and charge their accounts to this office v ’ LAW NOTICE. ’ JOHN U. OVER, Attorney at Law, Montickllo, Georgia. - llTlU.praclice in the counties of Jasper, Jones, f \\ Putnam, Morgan. Green ; the Ocmulgoe Circuit ;an I Monroe, Tin tu, Hn > ’ ami Newton of the Flint < iremt. i references. A vgUßta ' Pol• Wm. T. Goulil,g"" 1 11' 1 - Burk'y & Co -| .1 &T. W. Miller, "• H- Crane, , Uuihhono Baker. . 1 . .%>«• I nrk. 1 i Bmilli, Mill. ACo Uab- r , Johnson A Co. rjjmlff Hiotw— I,"