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m gMBBMBBfegB ■! "" Mr. WESIiTEH’S SPEECH ('outin lied . Sir, I will push these questions no further, but I tell yon that it was fur exactly such n crisis as this—for this very crisis—for this identical exigency now upon us—that this constitution was framed ami this government established. And sir, let those who expect lo get ovorthis crisis without effort and without action, let those whose hope it is that they may be borne along on the tide of circumstan ces and favorable occurrences, and who re pose in the denial of their own power and llioir ow n responsibility—lei all such look well lo the end. For one, I niiend In dear myself from all blame. I intend this day, la free myself of the responsibility of consequences by warn-- mg you of the danger into which you are con ducting our public a flairs by urging and en treating you, us 1 do now urgu and entreat you, by invoking you, an I do now invoke you, by your love of country and your fidelity to the constitution, to abunlun nil untried expe dients; to pul no trust in ingenuity and comn vance ; to have done with projects which alarm and agitate the pcoplo, to seek no shel ter from obligation and duty; but with manli ness, directness and true wisdom, to npjdy lo the evils of the times the r proper remedy. Tho Providence may guide the counsels o! the country lu this end, before even greaier disasters and calamities overtake in, is my most, fervent prayer! Mr. President, on the stilj ct of the power of Congress, as well as on other important topics, connected with the hill the honorable gentleman from South Carolina has advanc ed opinions, of which 1 feel bound to lake some notice. That honorable gentleman in his recent speech, attempted lo exhibit a cmitrai-t bo tween the course of conduct which I and oth er gentlemen who act, with me, tit prei out pur. „ue and that which we have heretofore follow •id. In presenting this contrast, ho said, he intended nothing personal ; lus only object was truth. To this I could not object. The occasion requires, sir, that 1 should now ex amine his opinions ; and can truly any, with him, that 1 mean nothing personally injurious, and that, my object, also, is truth, am) nothing vise. Here I might slop, but 1 will even say something more. It is now live and twenty years. • Ir, since I became acquainted with ike honorable gentle man, in the House of Representative o , in which he had held a seat, I think, about a year and n hull before I entered it. From that pc. nod sir, down to the year 18tM, 1 cun say, with great sincerity, there was not among my pahiical colemporaries, any man for whom I entertained a higher respect, or warmer es teem, When we first met, we were both yeuug men. 1 beheld in him a generous diameter, a liberal and comprehensive mind, engrossed by great objects distinguished tal ent, ami, particularly great originality and vigor ol thought. That ho was ambitious I d-d not doubt; but that there was any thing in h>s ambition low or sordid, imy thing approa ching to a lovn oft lie mere loaves and li.-hes of office, I did not then believe, and do not now believe, it, from that moment down lo the limel have already mentioned, 1 dillered witti him on the great coiulilntioiial question, 1 do not know it. But in 1821, events will known lo the Sen ate separated us; and that separation remain ed, wide ami broad, until the end of tho mem orable session winch terminated in March. 1833. With tin* evf'ots ot that session, our occasion of ditllronco hud couf'Mi certainly for the lime, and, us I sincerely hoped, !ei‘eV or. Before the next meeting of Congress, tl.o public deposited had been removed Irom then lawln 1 custody by Iho President. Respect ing this exercise of the Executive power t.'.'e honorable gentleman mid myself entertained tho sumo opinions, anil, in regard to subsc qnunt transaction connected with that mid growing out of it there was not, so far as I know, any diflorcnco of sentiment between ns.— We looked open all these proceedings, but as eo many efforts to give to the E.voces j tivo an unconstitutional control over the pub lic monies. We thought we saw, every where proofs of a design to extend executive million- j tv, not only In derogation id' the just powers ul Congress; but to tho danger of the public liber ty. We acted together, to check these designs, and io arrest the march of Executive pre rogative and dominion. In all this we were bu'. co-operating with many other gentlemen ] hero, and with a large and intelligent portion j ol the whole country. The unfortunate result of these Executive interferences with the currency hud made an impression on the public mind. A revolution seemed in progress, and the people were com ing in the.r strength, as we began to think, to 1 support us ami mir principles. In this stale of tilings, sir wo met here at the commencement of the September session; but we met. not as vve had done; we met, not ns we had parted. The events of May, the policy oflhe President in ralerenoe to those events, the doctrines of the message of Sep tember, the principles and opinion winch I lie honorable gentleman, both to my surprise and to my infinite regret came forward them to support, rendered it quite iinposs.ble for os to act together for a single moment longer. To the leading doctrines of that message, mid lo ihe policy which it recommends, f felt, and still feel, a deep, conscientious, and im-eoncil able opposition. Tho honorable gentleman supported, an I still supports, both. Here, then we part. On these questions of constitutional power and duly, and on Iheso momentous questions of national policy, we separate. Ann so broad and ample is the space which (li vid s us, and so deep does the ihvisum run, touching even the very fonndutons of the government, that considering the limn of life to which we have both arr.ved, it is not pro bable, that wears '<> meet again. 1 say tins with unfeigned and deep regret. Believe me, sir, 1 w ould most gladly act with Hie honora ble gentleman. It he would but coma back now to what 1 consider Ins former principles, i bu would place himself on those constitu tional doctrines which lie has sustained through a lung series of years, and it, thus standing, he would exert Ins acknuwh dgod abihlj to restore the prosperity oflhe country and put an end to the imschicls of reckless experiments and dangerous innovation. 1 would not only willingly act with linn, I would act under him, I would lolluw him, 1 would support him, 1 would back him, id every step’ to the utmost of my power and ability. F’uch is not to be our destiny. That destiny is that we hem part: and all 1 can say further is, that he carries with him the sun ■ feeling o! Personal kindness on my part, the same heir ty good will winch have heretofore inspired me. There have been three principal occasions, sir, on which the iumora le geiwiomun lias expressed Ins opinions upon the quo- lion now under discussion. They are, Ins speech ot ll.c loth September, Ins published letter of toe 3 1 November, and Ins leading speech ul the present v.-n. loose productions me all nisi ked w 1.1 Ins usual übilnv; the,- me m -on • • d ‘ I ions, able, condensed, nn<i striking. Tlicy . deserve an answer. Tosume of ihe observa lions in tlio speech of Hoplomber, 1 in.ulo a , reply on the day of its delivery; there arc oilier parts of it, however, whiclt require a more 5 ! deliberate examination. I i Mr. President, the honorable gentlcmtia , (declares in that speech, “that he belongs to L ! the State Rights party; that that ptrty, from , j lltc beginning of the government Ins been . i opposed to a national bank as nnconstitulional, . | inexpedient and dangerous; that it has ever I dreaded the union of the political and rnoncy : | ed power, and the central action of the Govs | ernnient, to which it so strongly tends, that I | the connection of tlio Government with the t j batiks, whether it ho with a combination of . ; Stale banks, or with a national institution, . will necessarily centralize the action of the . system at the principal point of collection and t disbursement, and at winch the mother bonk or the head of the league of Stale banks must , ho located. From that point, the whole syss , , tern through the connection with the Govern . j meni, will he enabled to control the exchang , es both at home and abroad, and with it the . | commerce foreign and domestic, including . | exports and imports.” i Now, air, this contraction between Govcrn ! moot and the banks to which ho imputes such C j inisi hte\ oua consequences, he describes lobe ‘‘ihe receiving and paying away their notes a- cash; and me use of the public mun y, Irorn the time of the cclleclion to the disburse r 1 liieul.” L ; Sir, i! I clearly comprehend die honorable gen , 1 tleimin, ho means no more, after all, Ilian this : I (hat, while ihe public revenue) are collected, as : hcreloloro through the banks, they will lie in Ihe j banka between the lime ofcuflevlioi. and the lime I ; ol disbursement; that, dining that period, they | will ho regarded as one pail ol the means of bun in , i and ol discount possessed by the hanks', and I that, us a greater portion of the revenue is cullcc * I ted in large titles than in small ones, llie.de largo | cities will, of course, derive greater benefit than ; die small ones Ironi these deposited in the hanks, t | In other words, dial, ns the importing merchants u lin a great city pay more duties to Government - ! than thoco in a small one, so they enjoy an ad it i vantage to ho derived from any use which the ■, I iianks may make of these moneys, while on depo. r ; sit with diem. Now, nr. I would he very glad r j lo know, supposing all this to he true, what there l isin it either unequal or unjust! The benefit is ( exactly in proportion to the amount of business, and lo tho sums paid. If individuals in large i cites enjoy the incidental mo of more money, it .. is simply because they pay more money. It is like the case ol credit on duly bond-'. Whoever imports goods with the benefit ol giving bond lor ’ dn irs, instead of making prevent payment, enjoys j a certain benefit; and lids benefit, in a direct I sense, is in proportion to the amount ol goods imported : the largo importer having credit lor a large sum, the small importer having credit for a smaller sum. Hut dm advantage, the benefit, or die indulgence, or whatever we call it is. nover ' thuless, entirely equal and impartial. I How, then, docs the collection of revenue I through die banks ‘centralize” die action of the i commercial system ! It seems to me, sir, the s cause is mistaken for the cfTcel. The greatest s amount of revenue is collected in tlio greatest I eity, because it is already the greatest city; because i ils local advantages, iln population, its capital ami | enlcrprize, draw business towards it, constitute it a central point in commercial operations, nod have made it the greatest city. It is the centralization . ol commerce by these just and proper causes— ; causes which must always exist in every country ; which produces a large collection of revenue in the favored spot. The amount of capital is one r 1 very important cause, no doubt; and leaving pub lic moneys in the hanks dll wanted, allows lo mer * j chants, in places of largo import, a degree ol in cidental benefit, in just proportion to the amount ' of capital employed by them in trade, and no * more. 1 suppose, sir, it is the natural course of things 1 in every commercial country, that some place, or I a few places, should go ahead of others in com inerci >i business importance. This must ever bo I so, until an places possess precisely equal natural advantages -' Vml 1 su Pl> olio lo °> il)Slciul being miseliievo."h ‘ l is rul,l( ’ r L ' r ' lic comni °" good of all, dial die. 0 *koold hoi some .commercial j ompoiiiim, some central ‘' o i n *> 10 c.,’changes jot trade. Government, t^’ l *ainly, shotth. j -seek to produce ihid result l»y ij’ e bealowa! 0 unequal privileges; hut surely, nip, u vvo i ul ‘ l 1)0 n t very strange and indefensible policy whic.!’ lead the Government lo withhold any portm.’ 1 of ; the capital ol dio country from usclul employ • incut, merely because (hat, if employed, while all j enjoyed the benefit proportionately all would not enjoy it with the same absolute mathematical j equably, j So much, sir, for concentration, arising from depositing the revenues in the banks. I.et us ; | now look to the other part of the connection, viz: I the receiving ofhank noies for duties.—How in | i ho world does tills “centralize” die commercial j system! Tlio whole tendency and effect, as it 1 seems to me, is directly the other way. Il coun tenances centralization* It gives ail possible ad- 1 j vantage to local currency end local payments, 1 j and thciehy encourages both imports and exports. ! It tends to make local money good every where. If goods he imported into Charleston, tlio dudes | are paid in Charleston notes. Now York notes | are not demanded. Nothing, certainly, can he j fairer, or more equal than this, and nothing more i favorable to the Charleston importers. lint how would that system work, which gen tleman himself proposes! it his plan could prevail, he Would have the j duties collected cither in specie, or in a Govern mem paper to be issued from the Treasury. Ho would reject nil bank notes whatever. If the gen- ; I (lonian, sir, fears centralization, lam astonished : j that he does not sen centralization in all ils ter* 1 j rors in tins very proposition of his own. Pray allow mo lo ask, sir, where will this government paper, in thu course of its issue and circulation, * naturally centre ! To what points will it tend ! t t erlainly, most cerla nly, to ilie greatest points of 1 collection mid expenditure; to the very heart of 1 the metropolitan city, wherever that city may ho. ’ ’J'his is as inevitable ns tlio fall of water or the ic- I | suits of attraction. If two thirdsof the duties he 1 collected in New Vork.it will follow, of course, 1 i that two thirds of any Government paper receiv- 1 | id lor dulies will he there received; and il will lie 1 j more valuable there than elsewhere—The value i |of such paper would consist in its receivability, 1 ami nothing else. It would always lend, there 1 I fore, directly to die spot where the greatest dc- 1 nurd should exist foi il for that purpose. Is it i not so at ibis moment with the outstanding Trea iSioy notes 1 Arc they abundant in Georgia, ill J Mississippi, in Illinois, or in New Hampshire’ No sooner issued than they commence the : ..art'll I toward the place where they are most valued and ; most in demand, that is, to the place of the grea. - lest polio receipt. It you want concentration, sir, * and enough ol it—it you desire to dty up the s nail streams ol commerce, and fill more lull the deep and already swollen great channels, you will act very w holy to that end, if you keep out of the j rec. ipl ol the Treasury nil money hut such paper . as Iho Government may furnish and which shall ■ ho otherwise redeemable than in receipt for debts ! to government while at the same time you depress j llie character ot the local circulation. Huch i- the schemes ot the honorable member i ' ill its probable commercial effect. Let us look at I il in a political point of view. Ibe honorable member belongs to (he State rights party—that paitv professes something of I Ml uncommon l-«\c for lihcity.an extraordinary sensibility to all i’» i!i-as;cr-;’.and of these dan * I gt r , it most dreads the union ol' the political and j money power. This we learn from the authenfi c j declaration of the gentleman himself. And now, oh transcendental consistency! oh most wonder ful conformity of means and ends! oh exquisite mode of gratifying high desires! behold, the ho norable member proposes that the political power of the /Stale shall lake In itself the whole func tion of supplying the entire paper circulation of ! the country, hy notes or hills of its own, issued |at its own discretion, to be paid out and advsno ied to whomsoever it pleases, in discharging the j obligations of Government, beating no promise to pay, and to be kept in circulation merely by being made rcceivcable nl the Treasury! The whole circulation of the country, excepting only that which is metallic, and which must always ho small, will thus be made up of more Government ! paper, issued for Government purposes, and rc ! tlcemable only in payment ol Government debts. In other words, the entire moans of carrying on the whole commerce of the country will he held hy Government in its own hands, and made com mensurate, exactly with its own wants, purposes, and opinions; the whole commercial business of the country being thus made a mere appendage to revenue. 15ut, sir, in order that I may not misrepresent the honorable member, let trie show you a little more distinctly what his opinions are respecting this Government. The honorable member nays, sir, that to make this sub-treasury measure successful, and to sc enic it against reaction, some safe and stable me* dium of circulation, "to lake the place of bank notes in the fiscal operations ol the Government, ought to be issued;” that, “in the present condi, lion ol the world, u paper currency, in some form, it not necessary, is almost indispensable, in finan cial and commercial operations of civilized and extensive communities;” that “ the great deside ra'ilin is to ascertain what description of paper has (he requisite qualities ol being free from fluc tuation in value, and liability to abuse in the greatest perleclion;” tbal bank notes do not pos sess these requisites in a degree suflicienlly high lor this purpose.’ flat then ho says, “I go far ther. U appears to me, after bestowing the best reflection I can give the subject, that no convcrli ble paper, that is, no paper whose credit rests up- j on a promise to pay, is suitable for currency.” On what, then, (lie asks) ought a paper curren cy to rest?’ “I would say, ’he answers, “on de mand and supply simply; which regulate the va luo ol every thing else—the constant demand which Govcinrncm has for its i ccusary supplies.” ilo then proceeds to observe) “that there might be sound and safe paper currency, founded on the credit of Government exclusively.” “That such paper, only to be issued to those who had claims on the Government, would, in its habitual stale, ho at or above par with gold and silver;” that “no thing hut experience can determine what amount, and ol what denominations, might ho safely issu ed; hut that it might he safely assumed that the country would absorb an amount greatly excee. ding its annual income. Much of its exchanges, which amount to a vast srm, as well as its ban king business, would revolve about ii; and many millions would thus be kept in circulation beyond the demands of the Government.” iiy this scheme, sir, Government, in its dis bursements, is not to pay money, but to issue pa per. This paper is not otherwise payable or re deemable, than as it may ho received ut the Tren ail ry. It is expected to bo let out much faster than it comes in, so that many millions will bo kept in circulation; and its habitual character will be at or above par with gold and silver I Now, sir, il there is to he found any where a more plain and obvious project of paper money, in all its de» fortuity, I should not know where to look for it. In the first place, sir, I have suggested the com plete union which it would form, if it were, in itself, practicable, between the political and the money power. The wholn commerce of the country, indeed, under such a state of law, would he little more than a sort of incident to ’l’reasury operations— rather a collateral emanation of the revenue sys tem, than a substantial and important branch of the public interests. I have referred, also, to its probable consequences, upon that which the gen tleman regards as so great an evil, and which he denominates “ the centralization of commercial action.” And now I pray you (o consider, Mr. President, in the next place, what an admirable contrivance this wulod hr to secure that economy in the ox. pcnscs of Government which the gentleman has so much at heart. Released from all necessity of taxation, and from the consequent responsibility i to the People; not called upon to regard at all, the nu j >lllll of annual income; having an authority to cause 7'fcasury notes to issue whenever it pleases, “hi mull, ’ Ul ' l!s > like which the populous North ’’.Hired new.” hcr IVo2en lo 'ns, to puss Ul„ 'o.onlio i ,41,a ! ,: ” what'admi festr*. ' nt , w0,,1d bo on ** nv doulu ’ sure would assurance Government, n. * ™ ' nemlilures would he be made for n, that . * cx i ~.i • i- , , strictly limited to the alls '>l uto “■ * wants and demands of the pJ’bJie se. . Hut, sir, fortunately, very lorlu/'alely,, *" ,* so wild, and which would be so nru‘ cll * evou ’ - totally impracticable. It rests on an a?s umptioi., for which there is not the least foundation, cither j in reason or experience, It takes for gram:’* l j that which the history of every commercial state refutes, and our own, especially, in almost every page. It supposes that irredeemable Government paper can circulate in the business of society, and be kept at par. This is an impossibility, Tho honorable gentleman njecls convertible bank notes, which ore equivalent to specie, since they will always command il, and adopls, in their stead, Government paper, with no promise to pay, but a’ promise only lo be received for debts and taxes; and ho puts forth the imagination, asl have said, so often and so long refuted, that this paper will be kept in cumulation in the country, and will he able to perform the great business of currency ami exchange, even (hough it exist in quantities exceeding, hy many millions, the demands ofGo vernment. If it ho necessary, sir, at this day, to refute ideas like these, u must bo because liic history of nil countries, onr own included, is a dead letter to us. Lven at the very moment in which I am bj caking, the small amount of Treasury notes which has been issued by Government, hardly a lit.h part of the ordinary annual revenue—though those notes hear an interest of five per cent,—■ though they arc redeemable in cash at the Trea sury, at tho expiration of the year—and though, in the mean lime, they are every where received in Government dues, are not only of less value than specie, but of loss value, also, than the Holes of non sperm paying hanks; those batiks whose paper is !aily denounced here as “rags, filthy rags, In my opinion, sir, tho whole scheme is ns visionary and impracticable as any which the genius ol project ever produced. -Mr. President, toward the close of this speech ol September, 1 find n paragraph in which seve ral other subjects are brought together, and which I must a,-k permission to road. H a\ing com mended the wise and noble bearing jof lhe little .“ate rights party, ol which he says | it is his pride to be a member throughout the ) eventful peiiod through which the country has j passed since 181 M, he adds: "In that year, us I have stated, the tariff system triumphed in the councils of the nation. We 1 saw Hs disastrous political !>eariiigs; foresaw its ; surpluses, and the extravagancies to which it | would lend; we rallied on Hie election of the late j President to arrest it through the influence of the j Kxcculiio Department of iho Government. In this ivc tailed. \V e then tell back upon the righ's ami sovereignty of the Slates; and.hy the action of a small but gallant otale, and through the po lenrx ot Ms interposition, we brought ihc system to th“ ground, eustained, ss it was, hy the Oppo-1 I I sition and the Administration, and by the whole ; power and patronage of lire Government.” > Every part of this most extraordinary statement • welljdeserves attention. ; In the first place, sir, here is an open ond di rect avowal that the main object for rallying on • I General Jackson’s first election, was to accom i plish the overthrow of the protecting policy of f j •he chuntry. Indeed! Well, this is veiy frank. 1 lam glad to hear the avowal made. It puls an • end to all suspicions. 7’o he continued. , —wmmpmea m ■nun man mmi hum_iu_i__u \ CHRONICLE AND SENTINEL. . AUftPSTA. Mi a rat) ;i y Morning, Apri ly. i dj* The Express Mail from the North failed 1 entirely yesterday. . The Hon. C. E. Haines, declines being a • candidate for Congress at the apprbaching elec tion. From Havrei The brig Eurotas, Capt Kohliiiis, arrived at ! Charleston on the 17 inst. from Havre, having 1 left that port on the 3d ult. She brought nei ther papers nor letters, her destination not being determined when she left Havre. i Interesting to Pensioners , We are informed that the agent for paying I pensions for the slate of Georgia, has been dircc j ted under the law passed by Congress on the 9th i April, 1833, not to pay any pensions which are I not presented for payment within eight months from the date when they became due and were payable. Such as neglect calling for their pen sions as above will have to receive them at the Treasury U. H. Washington, D. C. The Richmond Enquirer states that “Gen. Scott has been ordered South with authority to take the command of 7,000 men.” We learn, that the following schedule em j braces the number of troops, which it had been contemplated to call out, in order to look down all opposition at once. is sound econ omy to nip hostilities at once in the bud : Tennessee, 1,480—2 Regiments. Georgia, 1,480—“ do. Alabama, 1,480 —" do. North Carolina, 740—1 do. 5,180 Regulars, 2,20 0 7,380 [roll tux cmiuNiCLe and' SxsTtNfci,.] My Northern llonic; HV CILIIF.UT C. lUCE, ESQ,. Written in the highlands of Tallraforro county’; Slate of Georgia, Aptil 1338. Reside this Southern mountain's base, Reclin’d beneath a forest pine; On (his lone spot—a lovely place, I fondly think on thee and thine. The hour in mellow beauty plays, And calls to mind the hours I’ve known, 1 ’Midst rural scenes, in other days, On lliy glad breast, my Northern Home. » Then pleasure gave her rosy bowl; - And health was glowing on my brow, j. Then Fancy’s spell was on my soul, j And nature smil’d ns sweet as now; Thfcn kindred-love and home's caress, • And Kate and Frichds were near to me, • But here in feeble health I press A woodland scat, from these and thoo, i Yet hence with care and pain ths while— > A scene like this the Muses own, j. My heart partakes the general smile; And with it hails my Northern Homo. , ******* 1 God bless Ihco e’er my own bright land— ’ When I no more this scene may view, My ardent love with fancy’s wand i 81mll bid it rise to think on you. J GooJ Eve! thou waning Southern hour, b Whence cV: mj’ wand’ring footsteps roam, “ I’ll ne’er forget thy be' ut J’» P^’f— , Good Night! my Northern rlpmei' COMMUNICATED. i Phrenology. Mu.* Ent to it —I was somewhat surprised to find the ‘Phrenologist, &c.' so wrathy this ino.-ning in jour paper. Instead of thanking me for be opportunity I gave him, of explain . , -Tr easurer of the Augusta Bcnovo ingwhytnu ° lent Society, h. IJ ' e ° ClVeJ noth,n K iVoni tb ‘ ! benefit he oflered he m ° ,hc ‘ 3a S e communicant’—invites •*“ ,0 ,nvesti S ate his science, and even chall«. t , “ 1 m °’ wi,h my ‘small organ of wit,’ and yet sman, ° r *’ an °^j us tice, to a public discussion [on a. l '*l’ art k | f ment ot science connected with Phreno. ’ Really Mr. Editor, in such a debate I wo. ( have nothing to gain with such an opponent. A man who has the bump of punctuality ‘extra laige,’ and who proves his infidelity by saying ‘I think,therefore I exist,' is too much for one who has a small 'organ of wit, and yet a smaller organ of justice.’ 1 cast no imputation upon his character, it Was inadvertantly doho at the meeting of the Augusta Benevolent Society, and the ‘Phren ologist, dec.’ ought to rejoice that he is called out with his explanation; if he is satisfied with it then the members of the Augusta Benevo lent Society, and tho 'l.adies free of charge,’ have nothing to say, unless indeed their he ncvolcnce compel them to make up the loss ihe ‘Phrenologist, dec.’ has sustained. I believe, Mr. Editor, that the braih is the material orgen of the mind, and that consequent ly there is a foundation for Phenology; but from the so called science of it as is practised in this city, especially as it leads to infidelity, materialism, cdc. p!easo spare me. I sign myself as I did before, •Vo Phrenologist. COMMUNICATED. Attention!—Augusta lloncvolent .Society. As Doct. H. Oollyer, Phrenologist, dtc. (per. haps cousin-Germau lo Doct. Williams, Oculist, Eye Ball maker to all the Majesties of Europe, &c.J has clearly proven that you arc indebted jto him f 5 12$ cents; this too ‘independent of Ji/iWoi' of time in pieparing and delivering i the Lecture.' All you wire have not yet hail your bumps of humbuggery felt by the DoctoK will please call at once at the Masonic Hall, or else the Society may be sued for the debt of this benevolent, voluntary, and unheard of liberality —only to think‘of the loss of time in preparing and delivering the Lecture, indepen dent of the money $5 12$’!! Prodigious! Member of Augusta Ben. Society. NEW YORK, April 11.—The business ot the Stock Exchange to day has undergone a de pression in nil stocks of from 1 a 2 per cent. U. S. Bank has fallen 114 per cent, from the prices of yesterday; City Bank 1 per cent. Delaware and Hudson show a decline of 2 per cent. N. J. R B. also 2 per cent. Harlacm, Stonmgton and Uti ca have also declined 1 per cent. Sales of Trea sury Notes establish the declifie of l»i discount which we noticed yesterday. This is probably owing to the antagonist position assumed by Mr. i Biddle to the New York banks with regard to the . resumption. The quantity of Treasury Notes in the market has been the chief cause of their de cline. Exchange on Philadelphia is at 6 1-2 per cent discount—on Georgia 9 1-2—and, on Mis' aissippi, God only knows what.—vV. Y. Herald. Spring Races of the Jlillcdgeville Jockey Club. The Spring Races of the Milledgcville Jockey Club commenced on Tuesday the 10th inst. and resulted as follows ; Ist Day— Colt’s Sweepstakes —mile hekts, $5O entrance, and a Silver Goblet put Up by the Pro prietors, worth $6O. J J Harrison’s b. h. David Bailey, by Riega, dam Mucklejohn. 11 H P Young’s w. f. Chaney Hester, hy Hester’s Mucklejohn,darn Quick silver, 2 2 Time—lst heal, Irn. 58s—2d heal, 2m. 2s. 2d Day— Two Mile Heats. —Purse $3OO. Thomas Neal’s a. f. Ajarrer Harrison, by Eco lipse, dam Gallatin, 11 G Edmonson’s b. h. Southerner, 4 years old, by Bulloch’s Mucklejohn, out of the dam of American Citizen 3 3 Hammond and Lovell’s Bill. g. Blue Black, 6 years old by old Vin trutrrp, dam by Archy. 2 3 Time—lst heat, 4m.—2d heat, 4m. 2s. Blue Black had been out of training for some lime, and was taken Up but A few days previous to the above rare. 3d Day— 'Three Mite HeAls —Purse $3OO. G Edmonson’s g. h. Turnbull, 5 years old, by Phenomenon, dam by Sir Andrew. 11 Hammond and Lovell’s g. m. Sally Vandyke, 5 years old, by Henry, dam by Oscar, 2 3 Time—lst heat, sm. CBs. —2d heal, sm. 575. Mr Edmonson would not have entered Tufn bull for this race, but having shown strong symp toms of breaking down, for the last five or six days, Mr, E. believed it wotild he imprudent to enter him on the four mile day. 4th Day— Tour Mile Heats —Purse $5OO. Hammond and Lovell’s ch. c. Gerow, 3 years old, by Henry, dam Vixen, by Eclipse, 11 G Edmonson’s ch. m. lone, 4 years old, by John Richards, dam by imp. Expedition, 2 2 A A Jeter’s ch. h. Henry Buster, 4 years old, by Eclipse,dam the Maid of Lodi, 3 dist. Time—lst beat, Bm. 37s'—2d heat, Bm. 16. sth Day —Colts slake —2 mile heats, for the Young Plate, worth $ 1000. Thomas G Sanford’s b. c. Ibarra, hy imp. Hedgford, dam by Virgin ian, 11 Hammond and Lovell’s s. c. John Ouedron, by old Bertrand, dim by Precursor, 2 2 Time—lst treat, 3rn. 575.—2 d heat, Ira. Weather during the week clear and warm — Track very heavy and dusty. BANK REPORTS. Planters’ Bank. SAVANNAH, April 4, 1838. To his Excellency G. R.Gilmer : Sir :—I enclose a statement of the condition «l this institution, made up to the 2d lust, inclusive, as also a list of the stockholders. I am, very respectfully, Your oh’t. servant. GEO. W. ANDERSON, President. Statement of the Condition. Resources and In abilities of the Planters' Bank of the Slate of Georgia, made up to first Monday oj April, 1838. Du. Notes of this Bank in circulation— Old emission, 23,107 New do. 240,677 — 252.684 Due to interior and other Banks for collections, 366,1JT 38 , to Banks in general account, 136,713 23 Trt' #urer U. States, 8,631 35 1 for ?‘«t Office, 4,492 17 I “ Public office.'*. 05,886 73 : j 78,910 30 “ individual depositors, J 125 378 2u “ for unclaimed dividends, 8,104 31 , Profits and reserved fund, 134,594 85 Capital stock paid in, 535,400 ! $1,847,932 86 I I Crt. Gold and silver in vaults, $294,784 93 Notes of other Banks, 126.985 ■ Northern funds, 70,283 02 Due hy Banka, 204,987 48 “ Government of U. S. (or ad. vance to public officers, 111,574 75 D - ti Nos exchange, 34.355 20 ->d other stocks, 7.947 2(5 City at. . . 1 ! Real eslatb, .000 Current expo. nSCS ’ . . 4 -°5l «8 Bills discounter! 'Unn.ng to matu rity, . 825,056 •Bills discount in jit- <n>cnl and seethed fiy rnorlgvC l '; 150,307 54 $1,847,932 80 •Os the above amount bt 166,307 54 ,‘hcro is Doubtful, $15,000 Bad, 465 State of Geobuia, Chatham County. — Personally appeared George W. Anderson, Pre sident, and James Marshall, Cashier of the Plan, ters’ Bank of the Slate of Georgia, who being duly sworn, say the above rtatement is just and true, the doubtful and bad debts ns therein stated having been estimated by the Board of Directors at their last regular meeting. GEO. W ANDERSON, President. J. MARSHALL, Cashier. Sworn to before me, ibis slh April, 1838. JNO. GUMMING, s. i. c.c. c. NAMES OF THK STOCK 1101.0EltS or THE PLANT' Elis' bask OFTIIK STATE OF GEORGIA. .Vaines. Am't paid in. Shares. Am’t. Academy of the court. tv of Effingham, 80 20 1,600 Anderson, George, “ 199 15,920 [ do do 100 3 200 do Eliza M. 80 10 800 do Eliza C. " 10 800 j do Mnry S. *' 10 800 do Edward U “ 10 aoo Jo George Ann c. •• ]q ra„ i Jo Julianna W. <• 4 Jo In trust lor Eliza C. “ 10 B,' m Jo Mary E. “ 9 i O |J do George W, “ 310 16,800 do Jo Jo 100 60 6,000 uo do do in trust for MAD Sorrel, 80 10 Jo George & Son “ 32 3 fir , n do Sarah Ann “ 5 400 Arnold CM “4 300 Almy, H C “16 1,280 Auze, Jas&Co “ 50 4,000 Anciaux, L “ 24 1,93^ Blanchard C “ ,2 jeo Bulloch. Martha “ 12 959 Ball C , 2 1 co Blackshcar, J H 100 2 399 Barnes, C 80 J 2 960 Boyd, E M ** i‘o 800 Barron, Ann “ 38 3,040 do do 100 3 200 Barnard, J B 80 61 4,880 Bolton, E ‘ 2 iso do R K “2 160 do M—C Bolton Trustee “ 2 160 do James, son of John “ 12 960 do Ann, daughter of John “ U gso Boutko, A M Trustee ofE Smith, . , .3 240 tdo A M Trustee of E Baurko " 16 1,200 Bones, J Guafdiati “ 26 2,000 Bulloch, B and Win Gns [ ton, Trustees 11 10 800 Barclay A “ 44 3,620 1 Cuyler, W H “ 30 1,600 Charleston Fire <st Marine In surance Co. “ 331 26,480 do do do 100 72 7,200 Campbell, HY 80 16 1,280 Carter, Ahial 10 800 Central Bahk ofUie State of Ga, 1,000 80,000 Colo, John D 2 160 Cuyler, R 11 80 2 160 Cramer, U 4 320 Gumming, John 13 1,040 do dp 100 11 1,100 Commissioners of Pilotage Port of Savannah 80 61 4,880 Chevier, M 26 2,080 DeVillcrs; P 20 1,600 Demote, RJr 100 22 2,200 Davis, W and M Lufbur. row, Trustees 80 0 720* Davis, W and M Lufbur row. Trustees 86 6 425 Dasher, J W tl Bulloch and G W Owiehs, trustees 10 850 liilloh, Johh 80 1 80^ Directressbs of the Savanah Free School Society 12 B6P Elliott, Mary 9 720 do do 100 2 200 Fxeclitors of the Estate of John Waters 80 100 B,ooo' Evans, Win M 189 16,121)' Flemming, Helen 2 160 Flournoy, Robert Willis 85 2,800 do do do 100 53$ 6,360' do Robert Watkins 13$ 1,250 do do do SO 19$ 1,560 do John James 100 12$ 1,250 do do do 80 19$ 1,660 Floyd, Melinda 100 2 200 do Elizabeth 80 3 240. Gaston, Wm in trust for M Bricked 100 JO 1,000 Gaston, Wm K 90 20 1,600 , Glynn County Academy 121 9,680 Gorman Lutheran Congre gation at Ebenezet 13 1,040 Glen, Ann 3 160 Gibbons, B 100 15 1,60<> Gillett, W S 80 2 160 Gillett, Eliza 2 160 Ougcl, Daniel 60 4,000 Gibson, Pat 100 20 2,000 . Godfrey Win 80 15 KSOu Habersham R. trustee 3 240 , Haig S G 99 7,920 Henry J P 20 1.600 Herb Fred. 10 800 Houston P. in trust for S Wcodrulf 22 1,76(1 Houston P. in trust foi S M Johnston 3 240 if Houston P. in trust for tt i, Moodic 4 f)JO Isaac Lucy 811 6(1 5,200' Isaac Lucy 100 25 2,500 Isaac Lucy 85 3 170 Jones George 80 60 4,800 Jones N VV 8 480 - Jones N W, in trust for 8 e FJones 3 24) /' Jones George, in trust sot Sarah 3 2-iO Jackson John J 13 960 Johnston PA 19 1.520 do E H 31 2,480 do L C 40 3,200_ do M 11 19 1,52<i do do 100 10 1,000 9 do UR 80 24 1,920 3 do S M 19 1,529 do W I‘ 19 1,630 Jackson J W 29 2,320 Kcr James 9$ 760 0 Ker Mary 80 3 040 *) Marv 100 *^ J ' 5 500 [ | Vcr t T 'Hiisa JulieKo 1 Kollock MF 3 «> yu do do J™ do G J 4 320 5 Lamb James 28 2,240 - Lamb James 100 100 10,000 Lawrence .1 T 80 2 160 i Lieon D Guardian 100 5 600 LeConte, Lewis 80 72 5 760 ' do d<> 100 5$ ’fefiO * Low Andrew sr SO 50 4 000 Lloyd M and M Cleland, 1 Trustees Widows’Society 10 800 I Marshall James 7 ggo > do do 100 18 1,800 Millcn AC 80 27 2,160 • Meigs Jodi \ 320 Montgomery Jane 2 160 Mongin J D 100 100 10,000 Morcbcad J in trust for his daughter M C 80 20 1,600 Molyneux Ejr 100 36 3,600 Minnis Hctla and Phillippa go 2 200 do do do 21 1,680 Men trey Jahn „ 40 3,200 Myers GW 2 16 0 ) do C 2 jgO IHi coll John C 60 25 2,000 IVucfvill Mary 100 1 100 , O’Byrne L and II Cassi dey trustees 80 5 400 O’Bryno Daniel 85 2 17t> Perry J C. H 'i’aylor guard’n 80 9 720 Pcttibone Sarah 28 2,240 Pray Ann 47 3,760 Ralston Rosetta 2 160 Rees M D 2 160 Rice Mary D 85 4 340 Rice Martha R 4 340 1 Robertson Wm 80 18 1,440' do do 100 5 sdP’ Ross II 75 6.00 C I Roser Henry 26 1,60.0 Richards G E 2 I*6o do TP 2 M» do Alex jr 2 186' do A 2 166 do Wm 2 160 Stow E C I*66' 2 200 Sinclare E Agent 80 6 400 Smith las Guardian 160 5 500 Shaffer H S 86 5 425