Below is the OCR text representation for this newspapers page.

CONGRESSIONAL. Plan or n National Until.. 1* A'kXatc, Monday, May 21. Mr. Cl. A T, of Kentucky. rose, and alntrd that he triahed to present a petition confided to Ilia oare, aigned by a number of persona, praying lor tbeealablishrtvanl of a Uank of tile United Stales. It was similar to aevnral other petitions which had been presented to the Senate, or to the House, dtiring the (itoscm aession, praying for tha same object. They afford evidence of a deep and returning cotivlction, among the People, of (he utility of such nn institution. Whilst lam up, (continued Mr. Clxt,) with ‘the permission of the Senate. I lies leave to sub mit a fctr observation* upon this subject. There is reason to believe that much honest misconcep tion and tome misrepresentation prevail in regard to it, which 1 wish to correct. It had been sup pose that those who are desirous of seeing a Dank of (be United Stales established arc anxious that a charter should be granted to an existin g Stale institution, which lias an eminent individual at Its head, and that this was the sole object of all theii exertions. Mow! wish, for one, to say, that I have no such purpose in view. I enlenain for that gentleman very high reaped. I believe him uncommonly able, profoundly .killed inti nance, and truly patriotic. There is hut one other person, connected with the hanking insti tution! of the country, in whose adiflinisiraii.m •f a Uank of the United S'utcs 1 should have •qual confidence with Mr. Uiddle, and that is Ab betl Okllalin, who, I am glad to learn, at an ad vanced age, retains, in full vigor, the fucult.es of hi* extraordinary mind. There may bo other cilixens equally competent with thoru two gen* tlarnen, but Ido not know them, or am not ac quainted with their particular qualification* Uut It is not for any existing Slate bunk, or tiny particular individual at its head, that I am vcontending. 1 believe the establishment of a Hank of the United Utales ia required hy the common good of the whole country; and although 1 might bo willing, if it were practicable, to adopt an existing hank as the basis of such un inslilu lion, under all circumstances, 1 think h most ex pedient that a new hank, wiih power to establish blanches he created and charleicd under the uu thoiily of Congress. My friends (ua far as I know their opinions) and I uni not particularly attached to this or that individual, to this or hut •lisiing hank, hut to princi|des, to the thing itself, to the instiiuiion, to a Well organized Bmk of tha Untied Wialea, under the salutary operation of which the hn-iness of ihe. country had so great ly prospered, and wo tied every reason to hope Wxuld again revive and prosper. And, picsuin. lug upon the indulgence of the Senate, I wil 1 now taka the liberty to suggest, for public considera tion, tome of thoXo suitable conditions and res llicllons under which it appears to rne that n b# desirable to establish a nsw bank 1. Ih# capital not to ho extravagantly large, but, at the same lime, amply sufficient to enable it to perform the needful financial duties for the Oovernmen > lo •upply.a general currency of uni farm value throughout Ilia Union; and lo fucili lata, a* nigh a* piaciiealilo, the equalization ol domestic exchange. 1 suppose that about fifty million! would answer all those purposes. The slock might he divided the general gov •cninant, Ihe Slates, accoiding lo their federal population, and individual subscribers. The portion assigned lothc latter to be distributed at auction or by private aubicription. 2. lot corporation, in Ihe spirit of a resolution recently adopted hy the General Assembly of the Btala, a.in ut whose Senators I have the honot lo ka, to leceiro such an organization as to blend, in fair proportions, public and private control, and combining public and pnvaie interests. And, in •Vrder lo exclude the possibility of the exercise ol all foreign influence, non-resident foreiguor* lo be prohibited not only from any share in the administration ollho corporation, hm from hold ing directly or indirectly, any portion of its stuck. Although I do not myself think this latter reslnc lion necessary, I would make it. in deference to honest prejudices, sincerely entertained, and which no practical statesman ought entirely to | disregard. The hank would thus be, in its oii gin, and continue, throughout its whole existence, , a genuine American institution. , 3. An adequn'e portion of the capital to be | •el apart in productive stocks, and placed in per- „ uianenl security, beyond the reach es Urn corpo j ration, (with Ihe exception of the accruing pi of, p its on tho stuck-,) sufficient lo pay promptly, in r , any contingency, the amount of nil sucli paper, p undar w hatever form, that tho bank shall pul forth | ( a* a part of tho general circulation. Tho bill or p note holders, in other words, the mass of comma- r , nily, ought to he protected against the possibility |, of the failure or the suspension of a hank. Too ,| •apply °l the circulating medium of a country is ~ that (acuity of a bank, the propriety of the cxer lt rise ol which may he controverted. Tho deal. , Inga with a bank, of those who obtain discounts, „ or make depasites, arc voluntary and mutual)' . advantageous, and they arc comparatively lew in | number. lint the reception of what is issued t «nd used as apart of the circulating medium ol ( Ike co iiiliy i« scarcely a voluntary act, and thou i lands lake it who have no other concern whaltiv j nr with the bank. The many ought to ho guard , ed and secured by (ho care of the legislative an.- t tbority ; the vigilance of tho few will locuio them , against loss. 1 think this provision is u desidor, , alum in our American banking, and tho credit of i first embodying it in a legislative act is duo lo the Buie of New York 4. i’crfecl publicity as to tho stale of the hank at all limes, including, Incsides tho usual heads ol information, the name* of every debtor to the bank, whether as drawer, endorser, or security, periodically exhibited, mid opened lo public in spection; or,jit that should bo found inconvenient, the right to he sect rod to any citizen to ascertain at the bank the nature and extent of the respon sibility of any of ns customers. There is no ne cessity lo throw any veil of secrecy around the ordinary transactions of a bank. Publicity will increase responsibility, repress favoritism, insure the negotiation of good paper, and, when individ ual insolvency unfortunately occurs, will deprive the bank of undue advantages now enjoyed by banks practically in the distribution ol the tfleets of the insolvent. %>. A limitation of the dividens so ss not to au thorise more than per coni, lo bo shuck.— , I his will check undue expansions in the circu. luting medium, and icstrain mproper extension of business in the administration of the hank. 6. A prospective reduction in the rate of inter est* so as to restrict the bank to six per cent, ►imply, or, if practicable,to only five pet cent.— Banks now receive at the rate of near ti j per cent, by demanding ihe interest in advance, and by charging for an additional day. The reduction may he effected by forbearing to’exncl any bonus, or, when the profits are likely lo exceed the pre scribed limit of the dividens, by icquiring that the rale of interest shall bo so lowered as that tucy shall not pass that limit, 1. A reduction upon the premium demanded upon post notes and checks used for remittance*, so that the maxium should not be more than say one and a hall per cent, between any two the re motest point* in the Union. Although it may not lie practicable to regulate the foreign ex change, depending as it doe* upon commercial causes not within the control of any one Gvern mem, I think that it is otherwise with regard to domestic exchange. 6. Every practicable provision . aaainat the • vcrcis* of improper influence, on the pan ofihr foxecutiva, upon the bank, and, on the part of the bank upon the elections of the country. Tim It'" H«nk of the United Stale* h»» been, ('believe tnoit unjustly charged w ith interference m the “ popular elections. There it, among tht public documents, evidence of its having sciuputously abstained fiom mi'!i inlcrfiTance. Ii never dal mom ilian lu cicrciso the naiural light ol re.l d fence by publishing nuch report-', speeches, all 1 it documents an (ended to place die institution “'id h its udmini.tra.ion in a ‘air point of view in,foie r the Public. Hut the People entertain a jus* i“• i. lousy against the danger of any interference “1 i a bunk with the election* ol the country, and s every precaution ought to he lak m strictly to r guard against n. i This a brief outline of such n new Bank of the f Unite 1 States as I think, if established, would greatly conduce to the prosperity of the country, i Perhaps, on full discussion un J cunsideralinn, ■ some of the conditions which 1 have suggested ! might not liu deemed expedient, or might require j • modification, and important additional ones way I ho proposed by other*. 1 w ill only say u word or two on tire conatilu t tional power. I think that it ought no longer to l he regarded aa an open ques ion There ought i to he som hi some bounds lo human controversy. ; Stability is a necessary want of society. Among those who deny the power, there are many who admit thejienelils of a Bank of tire United States. Four times, and under the sway of all the politic al parties, have Congress deliberately ailirtqed its existence. Every Department of the Govern merit tins again and again assorted it. Forty years ut acquiescence by the People; uniformity every where in the value ol' the currency; facility and economy in domestic exchange, m.d unex ampled prosperity in i lie general business us the country, with a Bank of die United Slates; and, without it, wild disorder in the currency, ruinous irregularity in domestic exchange, and general prostration In the commerce and business of the nation, would scorn lo pul the question ut rest, if it is not lo he perpetually agitated. The power has been sustained by Washington, the Father ot his Country; by Madison, the Father of the Constitution; and by Marshall, the Father of the Judiciary. Ifpiecedents are not to be blindly followed, neither ought they to he wan’only dos pisod. They are the evidence of truth, and the force of (lie evidence is in proportion to the in legrtly, wisdom, and patriotism of those whoes i oddish them. 1 think that on no occasion could there be an array of greater or higher authority. I' or one, I hope to be pardoned for yielding to it, in preleicnco lo submitting my judgment to the , opimon of those who now deny the power, how , ever respectable they may ho. But. Mr, Pi a d nl, strong us my convictions are, I have no intention ol f innally presenting any proposition lo establish a Bank ol the U. S. Com ' posed as Congress and the Executive now are, it would be an unnecessary waste of lime to nil r such a proposal. I should tegret to sec a hank established, unless it were clearly called for by ■ public opinion. I believe it is now desired by a majority o( the People of the United Stales, But ol that the c does not exist proinips any conclu , HIVO evidence. Lot us wait until demonstrations : ol their will shall ho clearly given; and let ns all submit, and, for one I shall most cheerfully, lo their decision, whatever it may bo. Mr. C. mov ed that the petition ho laid on the table. A debate followed, lo bo given hereaflcr, in which Mr. ALLEN, Mr. BUCHANAN, and Mr. CLAY, of Ky., participated. 1 he petition was then laid on the table. Letter of the Secretary of W nr To Messrs. John Hop., Eilivurtl Hunter, It Taylor, Jus. Jlrown, .Samuel Huulc", ,SUu. rvaher, Elijah Hicks, ami H'hlle J'ulh, Che rokee delegation. The undersigned has attentively considered die project of a treaty submitted by you, and, al though equally desirous with yourselves losali fy that portion of the nation that still remain cast til the Mississippi, and to oiler them every in ducement lo remove peaceably and contentedly lo 'heir new homes in the West, and not unwilling lo grant most of the terms proposed by you, still, where the lights and just expectations of sover eign Stales are involved, it is deemed inexpedi ent, without their consent, lo give to any stipuia lions which ufiect them the foim ul a solemn trea ty • In the first article you desire lo stipulate and ague that -‘the raid Cherokee nation, parly hero lo, cngilges and stipulates lo remove from all the lands now occupied by hem eastward ol the Mis- i sissippi, ami heichy renounces and relinquishes i to the United States all claim of every descrip. I lion to such lan Is; such removal to be common, red at the earliest convenient period, and to lie I fully completed within two years from this dale; l to be eifueted by the Chcrokees themselves and ] by their agents and the entire expenses of such removal to he defrayed out of the money lo he paid by the United S ales, ns hereinafter provi ded.” As has bee tbo I 're observed, the Govern ment of the Uailed St a'os could not agree to ibis ail without the consent of the S utes whoso lights arc Involve 1, and whose interests may be ufi'ectod by this stipulation; but the Executive pledges itself lo use its host elfins lo induce 11-.cni to abstain from pressing their claims in a manner that would produce loss or inconvenience to iht Gherokco people, and would he inconsistent wi h their being removed with every reasonable com. fort. From the well known humanity nml gene rous character of the Slates of Georgia, Tennes see, Alabama, and North Carolina, there ean bo no doubt of their granting' every indulgence which the interests of humanity require; and tl two yoaia are necessary for the comfortable remo val of the nation, thu undersigned will venture lo assure the delegation that their request will be gran od. It it lie desired by the Cherokee nation that their own agents should have the charge of their emigration, their wishes will be complied with, and instructions bo given to the commanding ge neral in the Cherokee country to enter into ar rangements with them to that clibct. With re gard to the expense of tins operation, w hich you ask may ho def.avod by the United Slates, in the opinion ul the undersigned, (ho request ought lu be granted, and an application tor such further sum as may ho requited for this purpose shall bo ! made to Congre-s, lu the next article of your project, you propose that “the United Slates, on their (art, stipulate ami agree, in consideration of the premises, lo I per bet the title of the Cherokee nation to the I lands and territory westward of the Mississippi, I described, mentioned and defined ia and by the treaty of 1833, between the United tBiu.es and the Cberokees west of the Mississippi, and (he i privilege of ou let thereto annexed, and lo i-sttea j patent therefor to the Cherokee nation in perpe- ! luity; and further lo pay the said chiefs and re- j prcseiilulites ol the t berokec nation east of the Mississippi, the sum ol dollars, in manner and at the lime hereinafter provided ” It was always the declared intention rtf the Go vernment lo perfect the title to this land lo the I Cherokee nation, and to issue a patent thcicfor, j so soon as that portion of them now cast of the ' Mississippi had emigrated west, granting the na tion the privilege ol outlet thereto annexed, and all other privileges secured to them by former ar lodgements. Nor will it object to grant them, in perpetuity, if Congress should think proper to do so on their recommendation, under certain re sit lotions, to which the delegation have assented. As the vli legation expressed their fears that u form of Government might be imposed which they were neither prepared for nor desirous of, the ns surance la hereby repeated, that no form of Go vern men* will be imposed upon the Cherukces without the consent of the whole nation, given to council; nor shall their country be created into a Territory without such previous concurrence. With regard lo the payment of a fmlher sum of money by the United States, the undersigned rsneot con.-ent to recommend such a measure p . i Comrresi. The Sena '? of the United State* de liltt ratuly decided that live niilliona of dollars wan a full anil sufHcietil indemnity to the Cherokee* 1 j for the landi they relinquished on the eoal tide of J the Mississippi; and it ta understood that the ; member* of that body see no reason at present to 1 alter that decision. In the lturd act of your project you ask that I ‘the said Cherokee nation, party hereto, through i and by their aeknow lodged chief* and officer*, I shall have the entire control, management, and | disposition, responsible only to their own nation, of the funds to he paid under this treaty.” The undersigned would very much prefer tna i l.ing this disposition of the fund* of the nation, | hut as the interest* of those Cherokees who have | lately emigrated, are deeply involved in this pro position, the Executive cannot recommend such | an alternative without the previous consent ol all the parlies concerned. The next article asks, Sflhai in addition to the said sum mentioned in the foregoing second arti cle, the United Suites shall forthwith pay, or ar range to he paid to the Cherokee nation, party | hereto, the anearage* of the annuities which were provided for in the treaty of 1819, up to tins dale, and shall continue such annuities during the two years allowed fur said removal.” Tim undersigned assures the delegation, that whatever arrearages ol annuities are duo to the Cherokee nation, under the treaty of 1819, shall ho prompdy paid up to this date, and a continu ance of that annuity for two years longer shall be united i f Congress. '1 ho sth article requires ’‘that inasmuch as the Clierokccs contemplate removing as pro vided lor in said first article, as rapidly as their numbers and engagements will permit, the Uniied States stipulate and engage to pay them as such removal, and the necessary prepara tions therefor progress, out of the money men tioned in said second article, such sums as may from time to time be necessary to defray the expenses incident thereto.” Ail payments and necessary advances for the purposes herein set forth, will be liberally provided for in the contract which the com manding general will be authorized to make with the Cherokee agents, for the emigration of that portion of the nation cast of the Mis sissippi. The 6th article asks, “that during the peri od prescribed and allowed by this treaty for said removal, the United States stipulate and contract to protect the persons and property of said Cherokees Irom all acts of encroach ment and violence, and to furnish them, when required, with the necessary escort and protec tion during such removal until their arrival at their destination beyond the Mississippi.” The necessatv escort and protection during the removal of the Cherokees until their arri val at their destination beyond the Mississippi will be furnished, and the United States wih protect tile persons and property of the said Cherokees from all illegal acts of encroach ment ami violence, and will use their best ef forts with the States interested to prevent their pressing the execution of their rights in a manner calculated to oppress or inconveni ence any individual of the nation. In the eighth article the request is made, “That in addition to the moneys herein before stipulated to be paid by the United States, they further agreed to pay to the said Cherokee na tion, party hcieto, the gross sum of dol lars, in lull discharge of all claims upon the U. Stales, under the stipulation* ol former irea. ties, for public and private property, spolia tions,indemnities, and othel reclamations,whe ther national or individual, and for reimburse ment of expenses incurred in and about this arrangement.” Six hundred thousand dollars w.is set apart for this purpose by a vote of Congress, and to defray the expenses of the removal of the m tion to their new homes, lint as this sum proves to be inadequate for both objects, the Execu ive will recommend to Congiess to make a further appropriation in order to satis fy them. The undersigned trusts that the Cherckec delegation will see in these liberal concessions the earnest desire of the president to reconcile the nation to the necessity of removing without any other delay than a due regard lor their comfort and convenience demands ; and in this conviction, confidently relies upon the cordial co-operation of the citiefs and headmen to ef fect tlii* desirable object. On the part of the Government, copies of tins document, with suitable applications to the Plat s inlenstod, will be immediately transmitted to the several Governors thereof; ins’.melons will be sent to the commanding general to net in conformity with its assuran ces, and a communication bo made to Con gress, asking the consent of that body to the provisions proposed fur the benefit of the Cher okee nation. The undersigned, in closing tit’s communi cation, which has been considered with great deliberation, and drawn with the utmost re gird lor the wishes of the delegation, desires it to bo distinctly understood that it contains tlie most liberal terms the Executive can grant v\ lilt a due regard to the rights and interests ufall the parties concerned; and therefore presents it. ns the final determination ot the Government, and the peremptory conclusion of the correspondence with the Cherokee dep utation on tins subject. J. R. POINSETT. Department of War, Way Id, 1838. lIY EXPRESS MAIL. «=* V . ■—« From our Correspondent. Washington, May 25, 1838. i I give you below the remarks of Mr. Dtvvsos, | ’ t delivered at the time the message of the President, accompanied by the communication of (he Secre tory of War to the Cherokee Delegation, was received in the House of Representatives. The question was on rolcrring them to the Committee on Indian Allan*. Mr. Evkuitt, of Vermont, moved to give the Committee power to scud f or persons and jiupet*. Mr. Dawson said that it was always with ex treme regret that he opened hi* month in that House on our relations with the Cherokee people- Whenever he had done so, be had always stated to the House the true condition of tho fact*. Prom the communication which had been receiv ed, and of which lie had now, for the fiist time, been apprised, the government seemed disposed to enter on a train of action which could not hut bo injurious to the Cherokees; while it would, in the deepest degree, do w rong to ourselves, to do any act calculated to affect them, by btinging the tribe into a conllict with the author lies of tho several slates interested under tho treaty. If there was a party in tho United States which ex pected to make any tiling out of this movement he warned them that they would he mistaken. if the men of both parties in the stale of Georgia were so degraded and so corrupt dial they cuuld not tell the truth on the subject, and were not to be believed in any sla’cment they nmie in regard to it, they had reached a poor mass indeed, and were unworthy any longer It. [is considered ns member* of the National Confederacy. The fingei of scorn had been pointed at tho state, and a strenuom effort had been made to bring all the moral fore* of the community 10 bear agains. her, and all without any just reaion; and which cffoit [ scOrn, a* a Georg on, and aha treat it aa it deserves. The gentleman from Vermont, (Mr. Everett,) had arked to have the Indian Committee clothed with power to aend for persona and papers. What would he the inevitable consequence 7 Could any gentleman be ignotanrof it 7 Did any gen tleman doubt it 7 The certain consequence would be that John Kuss would bo brought forward to dictate a course to this government, and would be employed to operate in auch a manner as to inflame the political state of the country. To morrow (said Mr. D.) is the 23d of the month. That is the day limited in the treaty, on which the right* of Georgia under that treaty, will vest in her citizens, as there provided.— The grantees who hold their rights under the grants of Georgia, will, on that day, take posses sion Os their lands. On this, gentleman may count with certainly. To talk of giving the Cherukccs two years to emigrate, when ilia title to their lands is actually vested in the citizens of Georgia, and the grants have teen actually issued under the broad seal of the stale ! If the gov ernment, by means like these, seeks to avoid the difficulty of its own creation it will attempt an impracticability. The gentleman who opposed this treaiy, and would visit the sin of making it upon Georgia, are guility of the grossest injustice, lor that is a mutter with which Georgia had no thing to do. he treaty was begun, carried on, and consummated by the General Government and the General Government alone. For what would the gentleman have the power of sending for persons and papers 7 Mr. Eviirett said, “what do you send the message to the committee for, if you will not give them power to act upon it.) I oppose the reference. The committee want to bring John Koss before them and wo are to permit the interference of John Koss, who has been hero for months, deserting his own people and leaving the nation without a head, k whilc he is conducting intrigues at the seat Os Govern ment, and it seems influencing the Administration of ihe Government in relation to the treaty which Georgia hud teen told should be executed at all hazards. Yes Sir, ho has left the Chero kces under the protection of the laws of Georgia, and Alabama, Tennessee and North Carolina, and they have been protected by those laws, and will continue to he protected by them, but are we to suffer John Koss to arrest the whole course of the policy of this Government on the ground, that ho is the treaty making power! Sir I think wc ought not to permit it. John Ross knows well that there is no man on this floor more ready to do the amplest justice to the people thin I am, and unless some decisive steps are taken the whole course oi your Government in delation to its In dian policy will be arrested by those propositions. The only way to conduct this matter is to disobey the suggestions, and not yield to the propositions of the President. No power of this Govern ment can destroy the rights of the citizens of Georgia. They will insist on theit right to their own soil, which has been assured to them under •he treaty and grants, hearing the seal of the Slate, and they will insist that the Indiana who are in possession of that soil shall speedily be re moved from it. And what will you do? Wilj you declare war against Georgia? Will you take up arms to force grantees out of the posses sion of their own land that you may give that land to the Indians who have yielded their right of occupancy under the treaty? Yet that is the substance of the proposition sent to us by the President and wh’ch we sec now gravely consid ering. Sir, no Georgian can go for such a raea. sure. What will be the consequence of attempt ing it. I warn both sides of this House. I tell the friends of the Administration, and I tell gentle men in the opposition that such‘an attempt will certainly bo resisted by Georgia, and her rights Will be maintained by her constituted authorities arid in strict conformity to the rights of the Stale although it may be called nullification. The moment this House sotiousiy entertains it, tho Indians will instantly suppose that Congress is about to interfere to annul tho treaiy. They will take an obstinate stand upon the soil and the au thorities of Georgia will then execute her laws and I tell you here in my f lacc that those laws will be enforced. Before I resume my seal, I shall move to lay the President’s Communication on the table. A more dangerous interference with the tights of the people of Georgia I have never witnessed, than the message this day received from the Pre sident, when ho knows well that Gaorgia has dis posed of the land under the treaty, that the Geor gia Legislature is not in session, and that no postponement of the rights df the State will he j submitted to. It far surpasses any proposal (Ire j cause of the source from whence it comes) made ! in this House by the petitions of morbid philan j ihropists of fanatics, it haa taken me by surprise, it was unexpected. Why ii has been sent to us, I cannot understand. I protest against its refer ence to any committee. Mr. Dawsoh immediately thereupon made his motion that the communication of tho Presi dent do lie upon the table. This was rejected—and the motion to refer to the Indian Committee prevailed. Proceedings of today May 25.) The House was chiefly occupied with the con sideiation of private bills. During the morning he President sent a message informing the House the objectionable extracts accompanying his message in relation to Foreign Paupers were sent without his knowledge, and asked leave to withdraw them. They were therefore returned to him. The Senate passed the Navy Appropriation Bill, retaining the appropriation for tho Explor ing Expedition. Mr. Cut’s Currency Resolution was take 0 up, and a lung debate took place: but no decision was come to on it. Particulars of this day's proceedings will be given to-morrow. M. From the ,V. Y. Herald, May 21 Money-Market. The plan for a National Bank produced in the Senate by the Hon. Henry Clay, has been lbs i main topic of conversation today, and has been • , j bailed as ibe harbinger of much good lo the | commercial world. A bank on this plan, should , it be even' ually adopted, would reach the great desideratum of regulatisg the exchange* of the country, and furnish us with a currency which will boos equal value in all sections of the Unit td States far better than could be effected by the establishment of a hank under the new law, even with ISicholas Biddle at its head. Some four weeks since, when D. Webster passed through our city, we mentioned that it was the design us that gentleman to push the formation of a bunk to be located in this city. We now see the first indication of the plan, and though it is yet scarce ly defined, we doubt not that New York willaoon be the head quarters of a banking institution which wili he enabled to set at defiance the ex. perimenling folly of any fool or set of knaves who may seek, by exciting Ibe feelings of the mob, and making a handle of their blind passions, to subvert (he currency of the country, in order more easily lo make the financial operations of the government and engine to fasten on the necks of ihe hungry poor the chain which will force them lo pull down the (air temple of liberty that our fathers have raised- The lido has turned today at the board. Buy ers have stopped lo take breath, and the prevail-, ing desire has been to sell. Stocks, therefore have in almost ill instances shrunk—in sonic cases largely. This was, however ,to be expect ed, from ibe rapid rise they have experienced the past week, U.S. Bank fell off j per cent at tlio close; Mechanics 1 percent; Phenix Bank fell off 2 per cent, and at the close the decline was 5 per cent, Bel. &. Hudson receded 1| per cent; Bost. & Prov. 23 per cent, with the exception of Butchers & Drovers Bank, which improved 1 per cent; Mohawk j per cent; Canton closed at an advance of 13 per cent. Inland exchange again shows a tendency to recede. This was foreign bill day for the packets. There was no very great amount taken, but the rale showed some advance from the prices of last packet day. Sales at 7 a premium. 'chronicle AND SENTINEL. AUGUST A. Tiiosduy Morning, May 29. In our paper to day will be found the Com munication of the Secretary at War to John Ross and the balance of the Cherokee Delegation, pro mising the influence of the General Government to induce Georgia, Tennessee Alabama and North Carolina to permit tho Indians lo remain two years longer within the limits of those Stales. It was transmitted lo both branches of Congress by the President and of course was drafted under his instructions and with his approbation. We presume that befoie this time, Gov. Gilmer has received from the Secretary at War, the applica tion for a suspension of the treaty for two years r longer. He will of course refuse his sanction to any such proposition. The burning of the Pennsylvania Hall recently in Philadelphia and this Message of President Van Duren comes very inopportunely for his fol lower in Georgia. The presses of his parly, have been loud and noisy in their denunciations of the Whigs of the North as being Abolitionists en rnasie; but the burning down of the head quarters of tho fanatics by the citizens of the strongest Whig city at the North, comes like a thunder clap of contradiction lo the charge. Equally loud have they been in praise of Mr. Van Buren as the fast friend of Georgia in rela tion to her Chcrbkeo difficulties ; but in the midst of their hallelujahs comes (his ill-stared message proposing to saddle the Indians upon us for two years longer, just at the very moment when we anticipated a final delivery from our troubles. The people of Ge irgia will place tho proper esiimale upon the sincerity and value of such friendship as this. No doubt Mr. Van Duron thought this latter movement of his, a master stroke of policy. Mul titudes of petitions have recently been pouring into Congress, from the North, the East and the West against the execution of the Cherokee Treao ly. Mr. Van Buren waits until the very day be fore the removal of the Chcrokccs is to commence —the preparations have all been made, the troops to effect that removal forcibly if necessary, are on the spot—and then he sends in his message to Congiess informing that body ihat he had taken steps to defer the execution of the treaty for two years longer. In doing this he thinks to concili ate the pe itioners at the North—but puls off hi» action to so late a period that before any steps can be taken by Congress, tho Indians will have been removed by Gen Scott and the troops under his command. He plays a deep, double, hypo critical game, but not so deep that tho people of Georgia cannot see through it and appreciate it —it is a cheat, a fraud upon the petitioners at the North, and a flat insult lo tho understandings of the people of Georgia, and an outrage upon their rights. There has been collected by the New York Committee, $9OOO for the relief of the sufferers by the laic fire in Charleston. The Prince De Joinvillc, son of Louis Phil ippe, King of the French, arrived at Norfolk from Havana, on Monday last, and proceeded the next ctening via. the Portsmouth and Roanoke Rail Road, on his northern tour, accompanied by the commander of tho Corvette and another officer. The Pensacola Gazette of the 19lh inst, says ; “The French brig of War Eclipse sailed this day, to join the blockading squadron on tho Mexican coast. She hears despatches from the French minister at Washington to the squadron. The Tobacco Inspection Warehouse of Philt delphia, contains nearly fifteen hundred hogs heads, placed there for inspection. About eleven hundred have been already inspected. The Detroit banks have resumed, according to the resolution of the Convention of the 10th inst. Tho other Banks of the Slate are to resume within CO days from that time. The New Orleans Courier of the 20th, slates that an individual was assassinated on the 19lh by a man named Philip Canallcs. The murder, it is said, was committed without provocation. The Great Trotting Match.— We learn from the New York Herald, that the match for $l,OOO aside, between Daniel D. Tompkins and Edwin Forrest, came off on Monday, at the Hun ting Park course, and was won by the former. 1 1 Tho Commercial Bank of Philadelphia has of- | sered to lake $60,000 of the temporary state loan ! 1 at 4 percent interest per annum. j A leder in the N. Voik Journal ofComm»rc» ol the 22d, dated Indianapolis, 14th iiui. , tslei that the state director* of the Slate Bank of ana are in session, and express a very strong j 4 [ sire to resume specie payments at the earliest dates ; and that the president is instructed to p ro . pose to the banka of Cincinnati and Louisvii| e the Ist of August as the day, stating also, that ifthey prefer an earlier day, Indiana is ready. From the Sew Orleans Bee , May 22 Mexico. Our files from Mexico are to the 30lh of April and those from Vera Cruz as late as the Btli May. They contain nothing of importance, ex ccpl the discussions between the Minister ot foreign affairs, and Mr. DeLisle, the French Charge I) .If airs, who abandoned Mexico on iht 23d April, leaving his compatriots under tho protection of the English minister. Having an rived at Vera Cruz, Mr. Do Lisle embarked ini. mediately on the French Frigate Ilerminie. 'i’he Mexican journals nre entirely filled with addresses to the Government, expressing tho zeal and patriotism of their different states, and their indignation and hatred of the French, who dared to talk of separation and indemnity. Ulus, tcring and bravado os usual, occupying the coiumes of all the paper* j some of them review the history of France from the battle 01 Creasy to that of Waterloo, to demonstrate the imbe-. cellity of that nation. The blockade howeve continues, and several Mexican vessels have air ready been captured. An act of the chamber of Deputies of the 28lh April decrees, that all French vessels entering the harbours of the republic, shall be seized and employed in the service of the government; that of all merchandize and goods of whatever kind shall undergo the same confiscation, and that all articles of 1* reneb industry, arriving from the Atlantic 90 days after dale, and from the Gulf 20 days after, shall experience a similar fate, A revolutionaay outbreak took place at the same period in tho city of Mexico- The patrol paraded the city, and the artillery were stationed in different quarters with lighted matches. This intelligence is contained in the Censor of Vera Cruz, of the 2d May, as an extract ot a letter from Mexico, and is confirmed by the proclaina tion of Gen. Alvarcs published without comment in the Uiario of the 29th. Steam Coat Racing discontinued.- It gives us pleasure in announcing that the proprie. tors of the steam packet Georgia, have come tc> the determination to discontinue the contest t<? speed, with the Pulaski. The Georgia is here after to leave on a different day from tho rival boat, so that the excitement attendant on run ning in sight of each other wi Ibe avoided. It reflects.much credit on these gentlemen that they have thus promptly yielded to public opinion, when they found it decidedly against them. The' community will never to rivalry, as far as accommodation and expense is concerned; nor do we believe they desire that die price of pas. sago should be put below what would afford a fair remuneration to the stockholders.— Charles ton Courier. MARINE INTELLIGENCE. CHARLESTON, May 28. —Arrived on Saturday, sol.r Joseph Hosting, Bauman, Philadelphia, at-am packett’liniski, Uuhots, Baltimore via Smithvilie; steam packet Georgia, Hollins, Baltimore. Arrived j'*s;e day,sihr Nevis Kinncv,Si Augustine. Cleared, brship Napoleon. SiVappini Liverpool, ship Marathon. S aw, Liverpool; ship Hichard Andesir, Lucas, Liverpool; barque .Mareellus, Sj Ivester, Ma.-sei - lea; ap pul ere Ainln-osi a, IMaristan. Vorto Rico; «u Fe lucca Mercurio, Mill, tt, Porto Hicu-.l I. IVzant Xc Co; «P Fe'ucca Amaltea, Milieu, Porto Itico, J I. P, zant & Co: sclir Heroine, Vonduzcr: New Vork.J Co enjr, schr Hiakspeare-, Ulmer. Huston, J Cohen, jr, seJir Only Daughter, bladder, .Boston, Plaster, schr T hree Sisters; Teat, Georgetown, Master, selir Harvest, Forties, Ge rgetuwn, Master. Went to sea Saturday, ship Harriet Scoit, Arnold, 1,1. verpool, schr Zephyr, Tyler, Norfolk, sehr Echo, Stick ney, Attnkupns, l.a, schr Shukspeare. Ulmer, Boston, srhr Ftmpire, Southwiek, St Augustine, schr Motion, Usmn, do, steam packet Pulaski, Dubois, Savannah. SAVANNAH, Mat" 20,—Cleared, ship May Plower, Crabtree, Liverpool, br bark Ade aide Davidson, Liver pool, Arrived, schr Baltimore, Woglam, New York, steam boat Cherokee, Norris, Augusta, steamboat Free T rade, Crcswell, Augusta. £CJ*.l nvisia Benevolent Society.—Tho following nre the Visiting Committees appointed to act for the present month : Division No. I.—P. H. Mnnlz,,John Knight, Mrs. Catharine Smith, and Mrs. Hannah Thompson. Division So. 2—Paul F Eve, S. B. Groves, Mrs. Mary Morgan, and Airs. F. M Robertson [/{vision No. 3 —Martin Wilcox James Panton, Airs. Julia Snead, and Mrs Lucinda Young, ’I ho citizens are respectfully requested to make known any case of sickness at distress that may come within rhe range ot the action of this society to either of tho committee of the division in which H may occur, (may 23] T. S. STOW, Sec’y. SALE—The following properly in the town ot Hamburg, at private sale, until further , notice: ( About GO lots m said town, many of which nre improved, with buildings thereon, situated on Cen ter street, Alcehanie street, &c. It being desirous to bring the concerns connected with tho above property to a speedy close, it is tioiv offered and will be disposed of on reasonable terms. For par ticuiars and terms of sale, apply to Hie subscriber, where a plot of the property may ho seen kobt. McDonald, Agent for (he Executors of J. Williamson, may 29 triw2w and others concerned. Z' 1 AUTIONi— Tho public are hereby cautioned against receiving n note drawn by Iveson L. Brdokbs, payable to Daniel Hoyt for the sum of SOU dollars, made about the 17th of March, and payable the Ist of July. Said note will not be paid on prcsenlaiion, ns the consideration fur which the note was given, has failed. may 29 wil IVESON L. BROOKES. GYMNASIUM MONS. B.4UGE, respectfully announces to tho citizens generally, that ih i Exercises of his Gymn isiurn have rommenced—and that he will be happy to still continue to roccivejtpplicatinns at his Room, No. 247 Bioad street, w here ho may be found during the hours of Tuition- Mon». B. leaches the Sword cxerciseafterlhe Pa risian style—and ho considers himself eompeiont to make a person perfect in two weeks, who will take (our lessons every day. The course comprises 50 lessons. Ilhuns of Tuition, Are from fi to 7 and from 9to 10, A. M. —from 5 to 6, and (rom 8 to 9, P. M.—During the intermedi ate hours, Mohs. Baucf. "ill attend to giving geg. tlemen private lessons ot their rooms, it requested. Mons B. leaches with equal facility any of the following branches. Small -Sword, It mad Sword, Cane Defence, Quarter Staff, Boxing, ic. &c. And will make his pupils perfect tnthe art of either branch, or he will receiv- no pay. Alons. Hntige respoctlully invites any gentleman who may understand the Small or Broad Sword exercise, to take a tet-to with hint, either public or rivnte. ts way 29. ADMINISTRATORS’ S A Lit. WILL be sold on the first Tuesday in August next,at the lower market house in Angnsta, within the legal hours of sale, in pursuance of an order of the Court of Ordinary of Richmond county, two negro slaves, named Ann anil Joe, belonging to » the estate Green B. Holland, deceased. NEAL HOLLAND, Adm’r. may 29 Id AI ARV HOLLAND, Adm'x. RAN AAV AY from the house of Bradley Kimbrough, in Green county, "TWAon the 30th April, a large bay horse, formed, black mane and tail, Vi fSI paces well: no marks recollected Any person finding and delivering the said horse to me at the Glardes Cross Roads, Put nam county, shall re eoive twenty dollars, or any in formation respecting him will bo thankfully re ceived; some person may have cut off his mane and tail since he left. BEVtULV B. SLAUGHTER, may 29 ftw