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Mr. THOMI'SC-VS .srHECII—Gwi/i««ed To what e.auses is the present state of things attributed 7 Variously, and, with much truth, to the following: Ist. To « large accumulation of public fund* ; that is not the work of the banks, nor could they have prevented it. 2d. To overtrading from excessive bank dis counts. This they were expressly ordered to do; for General Jackson’et requests were orders. 3d. To the distribution art, and the pitiable folly and stupidity with which it was executed. In transferring, in the first six months, funds to places where they were not needed for distribu tion in eighteen months. Thus making that sudden and harsh which was intended to be easy and gradual. And 4th, To the specie circular. I do not doubt that all these causes, jointly and separately, produced the present calamitous condition ol tho country. Is any one of them tho act ol the banks, or could they have controlled them 7 Have 1 not shown that the suspension was una voidable, and that it was more a measure of mercy to the country than of interest to the hanks.— Mince the suspension, what fault have they com mitted 7 Wo were told, at the extra session, that they must curtail their issues. This could only lie done by railing in their debts. 1 said then that it would not alleviate but increase the dis ease. I knew the ground 1 stood on in saying so, and that such was the uninterrupted current I of English authorities. I dim not now wholly 1 unsupported in this opinion. Is it not tho inter est of the banks, specially and obviously their in. forests, to resume 7 IVo one will deny that it is. Here, then, stands the case. You found these corporations created by law, in a slate of sound credit and profitable business; you have destloyed both ; and wc are to bo told you must not adopt measures of the most salutary and beneficial character, because an incidental cll’ect will bu to reinstate the banks in tho condition in which you found them. Sir, such a course would bo insuf ficiently illustrated by the conduct ol tho captain and crew of a vessel who, in defiance of tho warnings and entreaties of their passengers, shouid s run upon shoals and quicksands, ami, in ( tho moment of pciil, should lake to their long ' boat, disregarding tho despairing shrinks of the ' .passengers, when there was room enough in tho 1 boat for all. 1 It is said llir.t to refuse to receive tho banks is the best means of tssucs. 1 believe exactly tbt^^^^^^* pcsslvt! cannot hold out to ihoms^^^"*® r “ 0 * y iHI jiujol u| i induce us to say to so long as you continue to pay specie the powerful aid and the countenance of the gov ernment shall be extended to you. Wo will give you tho authority and influence of our opinion of your solvency by receiving your bills, but the moment you refuse to pay, we will withdraw that confidence, and dishonor you hy a refusal to re- i eeive your paper, and shake your credit to us | deepest foundations. It is literally putting them , upon their good behavior by addressing their in- , teiest. pla*i*»tfc.?l" o ur 8 C( li that to receive their hills is to | —to have tliuiu~iu“ilt>. ‘L* tllfi I ,,,WPr ol ' l,lu hanks ( our confidence, is to place us u l" m | old idea was, that the debtor was slave to 'titS - creditor, but now it is that the creditor is slave of J we arc eminent officers & employers in gold &. silver, 3d liy creating u constant demand upon the banks lor specie, to prevent excessive issues. To the lirst I reply, that there is no officer in the public service, who expected, at the time ho entered into office, to receive any thing else than com vcrlihle hank notes, and that lie has no right, nor Jo I huliovu that any of them have the disposi tion to asK any ttifng efsc. rreamv papdi j-to;. vertihlo at 'will into specie, is to ho the currency of the people and of the states, I can seo no rea son forgiving to federal officers any thing belter. Their salaries are already large enough to seduce from their allegiance to the slates, all with whom a love of money is stronger than the love of country. I can see no reason for paying your clerks in the departments two thousand dollars in i gold and silvci, when tiro governors or supremo judges, in but few slates in the union, receive that amount in hank notes. Now, sir, if this is the true policy; if it is wrong to pay federal of, fleets in hank notes, it is equally so to pay our stale officers in them. If the demand of federal ■dues will create a demand for specie that will he salutary, so will the sumo demand ho created hy collecting Slate dues in specie. Why has no gentleman yet proposed to collect stale taxes in gold and silver! Why is it, that whilst they object to receiving federal duos in the hills ot specie paying hanks, I hey are in favor of receiv ing slate dues in the hills of hunks that do not pay sjiccicf 1 will tell you, sir, it is, because in the one case, the lax is collected undut the tariff secretly. The people pay it in the increased price of the articles they liny without knowing it. In the other, the tax is collected directly and open ly. The boldest of the advocates of this hard money policy will not do this. It they will, sir, go directly to the people and demand specie lor taxes, and refuse hank notes, if 1 urn not mistak - en, they will pull down a house about their ears and we shall hear no more for a century, at least of collecting taxes in specie: and why not do it, If it is right, the people will sustain you. Make the issue if you dare, and show at once (he con fidence you profess in your theories, and in the judgment and partiotism, of the people. That people whom you are cternallly shweiing with ■your praises “as a man pats a wild horse that ho may ride him.” flank tags, irredeemable hunk rags, for the people, and lor slate officers. No thing hut gold and silver for federal officers, and this is stale rights. Bui you aie to control the banks and prevent excessive issues by refusin'.', thru bills. Has this government any legitimate power to control or to check those corporations 1 Gentlemen flout with scorn, the idea of a bankrupt law. The stales say they have tho power to create these corporations. Tho general government has no power to desooy litem. They mean no direct, no honest, no fair power. But if it can get the power by cheating the Constitution, it is perfectly fair to do so. It they can pervert a power given tor another purpose, it is right, fair, and perfectly constitutional to do so. Even in this fraudulent and stealthy way, can you do ill I do not believe that it is possible so to frame your laws as to sc cure the collection of government duos in specie They will be collected, us 1 am i .armed they now arc, in a cerium importing city m the South, in trank, notes, under tin understanding that if specie is called for (as it rioter is called for) the banks wilt pay it. Such was the universal prac lice of evasion in tho land oiliccs under (he oper ation ol the treasury circular. But, suppe v tho revenue collected in specie, what will 1- • i e els feet ? Gentlemen say, (o restrain bank issues. To what extent 1 ’J ..ice f r one, tw-.r for one, or one for one as never did ihe Bank of Amster dam. The measure will either do no such thing or it will do too much. Thu whole amount id the receipts of the Govern 1 out on any just and economical principles,will be twenty.live millions. The daily payments in the city of New Voile alone, aie estimated at eight millions, or twenty -light hundred milihms in the year. The whole transactions ol the United States may he assum ed at least at ten thousand millions : ns twenty live is to ten thousand, is yo r power by this mea sure of reforming the currency. No, sir suo propi io vigore, the mea--ire of a demand of spe cie is powerless, and it can only he hv i's influ cuecou ihe public miu.l; b, a moral {'not peeiuri. ary power, that any such effect can be r ' ,'uced- i / And arc gentlemen prepared to venture on ilie use ot no tremendon* an engine »s an excited popular opinion against lrmkn ? Can they con ' trol it when once pul in motion ? Can they say tve will ope this tremendous power to restrict the ’ hanks (o three for one, two for onu, or one tor one, and at that point slop it ? It would he en acting over again the impotent attempt of saying to the swelling and advancing tide “thus lar shall thou go and no farther.” You might as well say that you would lake offthc wing of ally with a steam engine and not otherwise injure it. No mortal has a right to resort to the use ofnn instru ment which ho cannot control when oneo put in motion. Nothing is easier than to destroy bank credit. It is as frail and delicate as female rep utation which never entirely recovers, even from groundless imputation. Can yon restrict hunks to the issue of dollar fur dollar; or is it desirable to do bo? Those who think that the Bank of Amsterdam, for any time, worth regarding, had dollar for dol lar of its issues—have paid os little attention to the history ot that bank, in this particular, as in that of the date of its institution. It, is spoken of as the beginning of (ho banking system. 1 suppose the first hank is meant. Now it is much nearer the last hank than the first. It is tJ.'JO years since the establishment of tins Bank of Amsterdam, mid it was just, four hundred and fifty years after the Bank of I Venice, and two hundred years after the Bank of Genoa. Every body knows, who knows any thing about it, that veiy shortly af ter its institution, the directors found that the certificates of dopositos wore not called for in coin, and that the issues of such cortifica'es were infinitely multiplied. Such will ever he the case. It is no more practicable lo re strain excessive issues of certificates of do positc, than of promises to pay specie. Sup pose you could. Is it not in effect bringing the country to a metallic currency? Os what importance is it whether the coin itself circu lates, nr a paper certificate ot a deposite of that coin? Suppose 70 millions of coin in the i country. VVlmt is the difference between that com being the sole currency, andljmijj very coin being deposited 11 equal quantity, dolkuJii»df*^ Wff? k’ , . 1 * i ’ii"" “t paper cer- , , . la it. not still the i(J millions, TCUner more nor less of currency, and is not he a ruined man who contracted debts, when there was three times that amount of curren cy in the country? What lam afraid of in tins thing, is, the great political and moral in fluence of the action of the Government upon this most delicate of all questions. Is there a county in the United States, where any large merchant might not affect the credit, ot hank paper by refusing to receive it? Would not all the farmers do the same? Would any such merchant he tolerated in demanding his debts in gold and silver? Shall wo, sir, be asked to do that which no private individual dare do, and no honorable man would do? But it is argued that wc have no constitu tional right to receive any thing hut gold and silver. Why not? Because no such power is given. Is any power given to issue Trca irnWml ll) is power is given, expressly has been doubled ,Ui ™\ Government has existed. As a question l m mtogniy that ever lived, the convention that formed the Constitution, . of Madison, and of every statesman from that day to this, is strong* enough. In 1791, a few ' years aller the adoption of the Constitution, " such currency was not only received, but a fj bank charter granted mainly for the reason ” »>•"» * o.nrouev mu/lit he created to. i/m! * useol the Government, llvl where is tIKT 11 prußibilion to receive taxes in any thing! In l! kind if necessary. Suppose in a state of * war, and the Government wanting gunpow- >' der, why may it not receive the duly in kind! Does any one deny the right to give credit fur v duties on imports! Suppose Mr. Diddle choo* 1 sos to import goods for his corporation, w,l l I 1 not the bond of that corporation bo taken for 0 the duties! If his bond, why not its notes? Is " it not the daily habit to substitute new bonds 0 wi lb other securities for old ones! A mer- 1 chant may then substitute one bond for aim* s tlicr —may be not substitute a bond of a cor- 11 poraliun! Would the bond of a merchant bo s rejected if be offered as security the Hank of I] tbe United Stales! If its bond may be taken * why may not its notes! Does the seal make it constitutional, and why! If ibis great change is to bo biougbl about, leave it to individual sagacity, interest and capis lal. Let it be the work of lime, gradual, silent, and salutary—like the changes in our language, not seen at the tune it is going on, but only after the lapse of years, when it is accomplished. We have no light to force it by legislation. 1 have ( shown how small is the amount of our money . transactions to those of the whole country: not loss striking is the aggregate intelligence of the country compared to ours; and of all bodies of • the saute number, we are the least qualified to i ' judge righly upon it. 1 feel myself that I am | ‘ 1 not free from political bias, not do 1 believe others , ’ are. 1 will only add in conclusion that lam ttio- ' ■ roughly satisfied, that although the Government may,at the cost of infinite suffering to the people, 11 collect and keep its revenue in gold and silver, ' that it is absolutely impossible to transfer and dis -1 burse it without the agency of banks; and that 0 tho inevitable effect of such a system will bo to make every disbursing officer u dealer in exchange on the Government funds, and at tho risk of the d Government, but for his own profit. Take asm- glc cuso fur dins ration. Fitly thousand dollars arc required to pay troops in Arkansas, or in Maine. How is lire money to bo transferred there! Uy a draft most probably on New York, where the public funds most accumulate. The | draft will bo at a premium. The paymaster sells j it say, at 10 per cent., who has the benefit of this I 1 premium. The othcor is protected by his re- | j c.eipls from the soldiers for the $50,000; and has ! j pocketed $5,000, as it is said has actually been done. If you exact of him the premium, ho may charge himself with a less amount, and detection is impossible. Such temptations ought not lobe ofibred, lor they will not, they cannot, bo resisted. In other ruses the only modes of transfer must I tie bills us exchange. Your officers must buy i them from merchants or banks, at premium or discount, as the ca-o may bo. Suppose both drawer and drawee fail. Who hears me loss! if duo caro has been exorcised, the Government ought, and whether there has or not, the Govern ment willjbear it, as die celebrated Purveyance 1 ! claim proves. ' i lam satisfied, thoroughly satisfied, that flic j public fluids cannot by transferred and disbar ■ Bed without tiro agency ol bunks, and when ■ another measure comes up, 1 will propose it " r.o one else does, apian ol special depositee, j, win :h will place tho money in the custody o; I the banks, but without their having the power to use one dollar of it. I am, and a ~ays have j been opposed to the pet bank system us dan ‘ t gorous and corrupting, and I am prepared to , ; show that the plan ot special depositee, tlituin . tslies patronage to absolutely nothing, und has . I advantage over any other proposed in every , point ol view ; and that it would bo adopted, , I do not doubt, if it were no* for the extreme . seal of ultras on both sides—on the side ot a .j I nitod .Matos II iiik—and ot the otib-1 reasury I lor neither of which will 1 vote. There is another branch of this subject, and to me by fur the ino.il. important, which I nov. approach. It is said that this hard money policy will bcnifil the South, and relieve it from its commercial thraldom to the North.— This is said on high authority, and is vouch ed by names in which the South reposes a well earned confidence. I do not doubt their sincerity ; I just ns htllo doubt the error of these opinions, I have heard no argument from any rpiartcr in support of them. When I ask for argument, 1 am answered by decla mation, or some of those broad and general abstractions, which in politics I have general ly found to be either truisms, or things that are not true. My own settled convictions, candidly, not hastily arrived at, and cautious ly and deliberately re-examined, with an ar dent desire to arrive at the truth, is that whilst this policy will be injurious to all sections of the country, it will he ruinously, fatally inju rious to the'Soulh. It is due to those who sent rno hero, it is duo to myself, to give the rca* sons that have forced these conclusions upon me. After what has passed in my very hum ble public life, I had supposed that it was not necessary for me to declare my devotion to the ,South. Hut ( ven 1, sir, all of whoso in terests and affections are indissolubly connec ted with, and who have periled all that man values in defence ol the South and its inter ests, oven I am suspected. It is my du’y to defend myself, by giving the reasons for my opinions. Although this selfish and sectional policy lias not marked the ancient character of South Carolina ; although it has been from a high, generous and patriotic disregard of her pecu liar interests, and the readiness with which she Inis on all proper occasions sacrificed to the honor of the country, that she is mainly indebted for her high character, and the mor al power which she has exerted in the confed eracy, 1 am forced to say, that in tho present condition of the politics of the country, 1 re gard it to ho my imperious duty to look first, it not mainly, to the interests of my own pe- Satisfy mo, sir, iji |i ,n r, || 1 cy will advance the interests of TT7« South and of Charleston, ami I shall not hesitate to do all that I may honorably do to that end—all that 1 can do consistently with the obligations of duty and of honor to the other members of the confederacy. Mure than that 1 trust I would not do to advance any interest, section al or selfish. Further than this I do not think it either right or prudent to go. We, sir, are, and are destined to bo, tha weaker interest; and to say nothing of the obligations of an honorable patriotism, if. is not the most wise in us to avow a policy selfish and sectional. — If wo do, it will he with an ill grace that we shall complain of it in others, who wield the power of a majority. Will this policy benefit the South'! I would not vote for an expung ing resolution because 1 should bo told it would benefit the south—and I might bo told so with as much truth as that this gold and silvcr'policy will—nay, sir, with more truth — for that would ho harmless, and this would be injurious. Amongst the aphorisms on this subject—and no one lias descended lower than an aphorism ; is that the hanking system ‘•••m raven the North its commercial ascendan cy over l/iu o=,.i|, If any thing is meant by must ho Now Vork; for it is New all that, m md no 1 11 M’llh iustas much trut i may wheel ho hold responsible for a coacn made—the fiy is on the wheel, V f*" 31 tllat I s made, but tho poor fly has vcryW Mho dust is it. Tire banking system is in ex® I'-’ 1 '-’ hand ,r ] Miia [Jlf/ro nttrihuinhla to tin » is the dust to the fly. This I will show—and I do not vaunt when 1 say that I will put it be yond the reach of refutation or argument.— One hearing a proposition of this sort stated, would naturally suppose that thejbanking capi tal ol Now York was much greater in pro portion than that of Charleston or other south ern cities. But what will gentlemen say when they are tolu that it docs not amount to one-tenth —I might say one twentieth —of that of anv one of tho cities of tho South. I suppose they will say,as did the atdent French man when ho was told that the facts did not support his theory —so much the worse, said he, (or the facts —lanl pis pour lesfetes, tho facts may or may not bo true, tho theory must be, (To be Continued.) pnwwmr:- TVFJtmf . to W VOfcHgJ MT** BY HXI’ItKSS MAIL. Trout our Correspondent. Washington, June 8, 1838. In the Senate today, Mr Wuigkt, from the Committee on Finance made a report in compli ance with tho resolution of Webster, instructing that committee to inqu iie into the competency of tho Secretary of the Treasury to use as deposito ries and to receive tho notes of banks, that, since the passage of Ihe Dcposilo Act, of July 183 G, had suspended specie payments, or had issued notes of a less denomination than five dollars : and also as to the expediency of so modify ing that Uoposite Act, as to authorize the reception of the notes of Banks that had issued such notes. He moved that it be laid on the table and be printed. Subsequently on tho call of Mr. Nouveli, tho report was read, from which it appears that the majority of tho committee considered it com petent in tho Secretary both to use as depositories and to receive tho notes of banks that had merely suspended specie payments : but to do neither in regard to such hanks as at any time since July 4th, 183 G, had issued any note or notes of a de nomination less than live dollars. In so much of the report the minority of the committee con cur. The majority were further of the opinion iu which the minority did not concur, that any new legislation on the subject would be inexpe dient, at least till the fate of the Sub Treasury Bill should be finally decided, as any legislation like that proposed would interfere with the pro visions of that measure, and would also be act ing against the already expressed will of the Sen ate, in passing the Sub Treasury Bill. The motion to print was followed by a mos j animated and earnest debate in which Messrs ; | Webster, Wright, Benton, and Niles, partieipa ■ ted. 1 Mr. Webster, differing entirely from the ma joriiy, in regard to the expediency of some furthe , legislation; gave notice that he would take ai r early occasion to introduce a Bill making furthe provisions for the collection of the public tevenue Tho report was ordered to bo printed. The Senate then proceeded to tho considern s tion of the Bill making appropriations for tin f suppression of Indian Hostilities; and cheques i tion being on its final passage, Mr Benton took the lloor, and (to use a favo f vorite phrase of the Official Journal—the Globe “obstructed the public business" lor severs I hours, by a speo.lt about every thing; and norm other things I—ami1 —ami that tno, on a l>ill which passed, to be engrossed yesterday, unanimously '■ Mr. Preston made a few remarks in rejoinder; and the question was then taken and the bill was passed nem con. During the morning, Mr. Tallmadgc presented : a memorial from certain artists, sculptors, &c. &c,, praying that the same protection be extend* cd to persons of (heir professions, as is given to | authors. Mr. Linn presented a memorial from Charles Bullfinch, accompanied by an affidavit, relating 1 to the discoveiy of the Columbia River, which was ordered to be printed and referred to the Spo. cial Committee ortho Oregon Territory. The House of Representatives was engaged during nearly the whole silting with the bill au thorising the walls of tho new Treasury building to be taken down, and a fire proof building to be erected from them for the use of the General Post Office. After the Committee reported it to the House, a motion was made to lay it on the table, and carried—Ayes 89, Nays 82. So the new Treasury building must go on. M. Another Steamboat Outrage. The Steamboat Telegraph fired into nr A BODY OF AHMED MEN AT BROCKVILLE. The Telegraph left Oswego at 6 o’clock on Saturday evening, June 2d—touched at Prescott as usual —and reached Brockvillo about 9. Here she landed at the lower dock—took on board and left a number of passengers—received the visit of an unarmed mol), who ransacked tho cabins, and oth erwise evinced a turbulent disposition—and was moving past the upper wharf, when she was hail ed, and commanded to “come to.” Tho captain, supposing there were passengers in wailing, stop ped the engine, and dropped down to within 20 feet of the dock, but, apprehensive tho/ '■Jth was not right, he, tojd if.'ttrpa'sicngcrs to come on board <Tn the small boat. But this would not satisfy the crowd, who insisted upon the boat’s coming up to the dock. After a few words had passed the captain per emptorily refused to land, set the engine in tion, and moved off. Immediately upon this, and while the boat was within a few feet of the wharf, about twenty muskets were fired, and FOUR OF THE BALLS ENTERED THE LADIES CABIN ! One passed within a few inches of the chambermaid, and two slruck very near the captain.—JV. Y. Herald. [From the N. Y. Commercial Advert iter, June 7.J Later from England. By the packet ship St. Andrew, Captain Thompson, wo have received London papers to tho 7th and Liverpool to the 9th May, being two days later from the former and three from the lat. ter place. The dates from the continent arc no later than those received by the Albany, which arrived on Tuesday. At Liverpool on the 7lh May, a fair business had been done in cotton, but prices had declined fully ad. per lb. in the lower and middling quali ties since the Ist of the monlh. The London Times of the 7th inst. stales that an improvement lias taken place not only in the wholesale, but in the retail departments of trade. fiiaie. The Queen’s equestrian cortege generally con sists of 17 persons; her majesty, if the weather permits, never rides less than for three hours, one day she is said to have kept her attendants on the trot full 25 miles. a letter from Liege says— derlf, Medenach, Grovennachor, Besson, lon. In this place, in particular, the people on this occasion warmly expressed their repugnance to the restoration of the Dutch government. Turkey an ii Egypt.—Constantinople, Apiil 12. —The news of the victories of Bolyinan Pacha (the well known renegade Seve) is con firmed by several letters from Aleppo. It is be lieved that Ibrahim Pacha will now carry into effect the plan of making Bagdad tributary to him. He is said to have many partisans in that rich and populous city, who are ready to support him. It is impossible to calculate to what lengths the possession of Bagdad might carry the enter, prising spirit of the Egyptian commander. For the Porte it would boa death blow. Here the anxiety is great; a crisis seems to bo at hand. Under these circumstances a new organization ol the administration seems the more injudicious, as it impedes tho business of government.—With all the great qualities that the Sultan must be al lowed to possess, he contributes the most to in ciease the difficulties in which the Poitc is invoK ved. He violently pulls down, but rebuilds slow, ly and feebly, but too well proved by the creation of the new council, that ho does not know how to manage the machinery of modern politics. Portsmouth, Muy 5.— A largo detachment of the 78d regiment is waiting for the means of conveyance to Canada; the 10th regiment of foot lias also matched into the garrison fur Canadian service, if needful. The Arab transport embar ked. the first division ot the 7th hussars on Wed nesday last, at Cork, for Canada. {■From the London Morning Herald, of May 7.J City—Saturday Evening.—The publication of the quarterly returns of the average of the weekly liabilities and assets ol the Bank of En gland, from the Gib of February to the Ist of May inclusive, has excited rather more than the ’ usual attention in the monetary and commercial ' circles, notwithstanding the partial nature of the information which they give. It appears that the s corporation have increased their circulation, , which now amounts to £19,084,000 on the ag j gregale, as compared with the last return, in the sum of £97,000 which shows an increase on the I year of £004,000, while their deposits have been - decreased in the sum of £256,000. r The securities have also decreased in the sum of £70,000, and their stock ol bullion has been reduced in the sura of £124,000, which, as com- I pared with the return of May, 1837, shows an in f crease of £6,812,000. The mean rate of bullion i. held by the bank, according to their mode of show. ing, during the past thico months, amounts tc y £10,047,066. II NVc come now to tho comparison of their as i- setts and liabilities, which to the proprietary is no I- the least important portion of Ibis mystified doc ( umenl, and it appears that tho balance in favor o the Bank of England Corporation, usually terra cd the "rest.” amounts to £2,000,000, which i si less than tho amount of the “rest,” according! s tho April return, by £55,000, and exhibits a dell ciency on the year of £595,000, which is abou a " £26 000 more than a half year's dividend at i per cent. i- It appears that the bank direction has bcci 3r gradually increasing its circulation. It is als evident that the business of the Bank of Englan 111 has not improved, if the comparative and comin er tied reduction in the amount of the "rest” is to b e taken as a guide, and ibis fact proves how injuri ous to the proprietary was that impolitic suppoi of the wild speculative trade vviih the Lbiiled & n ' from the year 1833 to 1630-7, by the bank diree m tion, while it also exhibits a gradual decline i; s- the profits of the banking business in general i whicti the bank of England must necessaril, participate. lron I rare—Mohave been informed tha - orders have been given out this week for 12,00 a * tons ofiron rails—lo,ooo for export to America i(. and 2000 lons for consumption at home. CHRONICLE AND SENTINEL. AUGUSTA. Tuesday Morning June 12. UT/’ Mr, John C. Grilfiin, wlio is on a torn* through the upper part of the State, has the ac» counts of the Chronicle and Sentinel Office for a number of counties in that direction. We hope i our patrons in the counties through which he may : pais will seize the opportunity to pay their dues and thereby save themselves the trouble and ex ■ penses of remitting by mail. I We learn by the Charleston Mercury of yester day morning, that two further attempts to set fire , to that city, hove been made; one on Saturday . nrght last about 10 o’clock, on Boundary street, and the other on Sunday morning about 5 o’clock on Kinas'reet, No. 262. Indian Warn - S. hasten to lay before our readers, says Darien Telegraph of the 7th inst. the contents of the following letter, received this day from Sf Mary’s. It is from Major Edward Hopkins, who, it will be seen, has promptly entered the field against the savages. Wo are certain that victory will perch upon his standard, if he has material to act upon. Volunteers! fiy to Camden. Young men of M’lntosh show your spirit, and rush to the battle field! ST. MARY’S, June 2. Dear Sir.—To day a despatch reached me, from the upper part of our count; , requiring aid against, as near as can bo judged, 300 ... warriors, who have though*, -proper to whip, on our soil., companies of militia. So great a number, very justly gives alarm to our popula tion. On Wednesday next, I take the field against them, with ns many volunteers as I can obtain, and Capt. Tracy's company pf Riflemen; to give security to our citizens is all I expect to accomplish, until our Governor puts mein suffi cient force to drive the scamps out of the swamp, which I hope will be done with all expedition. In the different engagements many men have been wounded, and one mortally. If the enemy chose, or had an idea of offensive warfare, they could lay waste the entire county: nor could 20 men be found prepared to meet them. Fortunate ly, ignorance predominates; and instead of bold, I they use a dastardly warfare. Veiy respectfully, ' jmurs, e. hopkins// The following 1 is an extract of a letter from the Cashier of one of the B altimore Banks received at New York; —“A communication has been re ceived from the Philadelphia Banks, asking the views of our banks as to resumption. Our banks met today, and recommended a convention, to be held in Philadelphia about the Ist of July, to fix the day. This course was understood to meet the views of the Philadelphia Banks.” The total amount of cotton received at Apala chicola up to the Ist inst. was 50,019. From the annual report of the managers of tho the nett income appears io'ue,’ai(cf‘deducting all year 1837, was $ 102,281 83. Tho tho dividends paid was $96,000, leaving a sihplus on hand of $0,281 83. The U. S. corvette St. Louis, Capt. Paine, ar» Dl New York on Wednesday, the fith inst.. from mo VTCoTTffiTrT-cva m , r , - n j crow all well. Some Santa Fe traders arrived at Independ ence, Missouri, on the Mth ultimo, bringing $lOO,OOO in specie. The Globe will no doubt cite this event as a proof of the wisdom of Gener al Jackson’s specie circular policy. From Sisal. Capt. Fcnsley, of the brig Audubon, from Si sal, at Ne w York, stales that while at anchor abreast of the Castle of Sisal, he was boarded from the French brig of war Serrurier. The officer) having endorsed the A’s Register, ordered her off the coast, as the whole coast was declared to be under blockade. At the late extra session ot the Legislature of South Carolina, and just ot its close, res olutions of instruction to the members in Congress from that State to vote (or the Sub. Treasury bill, were offered aud passed. While pending before the Senate, Gen Hamilton r made a speech in opposition to them, which is , reported in the Columbia Telescope, and from . which we quote the following pungeut re • marks. We shad publish the whole speech as soon as we get through with Gen. Thomp j son’s. 3 “It is, however, time that I should now say a „ word or two on the Resolutions themselves, f The first resolution asserts ns a fact what Ido . uot know and do not believe—that the Sub | Treasury scheme has found favor with a ma q jority of the people of this stale, I believe this to B be a mere naked inference. Until Mr. Calhoun , consented to become the foster father of this I Treasury offspring, there were not ten individuals e in the sla'o with whom the unpromising bantling 0 obtained countenance. Even the very papers n and politicians that now hug the ungainly uichin to their bosoms, spit upon its puling infancy, D when it seemed to be hanging in all the uncer> „ tainlics of existence on the exhausted dugs of its legitimate parents. It is true that Mr. Calhoun I was able to work tho conversion in November n last of about one hundred and twenty live citizens u of this stale, who happened to ho respectable t 0 members of the Legislature ; and that, 100, with a miraculous suddenness almost equal to that of the mighty apostle on his journey to Damascus. It may be that these hundred and twenty-five c . gentlemen have made about enough converts to 0 f serve as an echo to their own voice, but that the great body of our people have considered this j s subject Ido not believe. It is a subject cminrnil v to uninviting and distaslcful, except to minds fa- g a miliar with financial details. I admit that among u t our politicians there is a vast majority in favor'd g the Sub Treasury ; and that strenuous efforts arc making to form and consolidate a parly on this - n question. And I further admit that it may be s 0 about as convenient a one for proscription as can 1( j he designed. Nor do I pretend to say that a majority of the people may not, by the force o party discipline, ‘ with proper appliances to bool, be brought to sustain this measure extraordinary , rt as it may seem. A few clap traps and can phrases will often accomplish what the profound c ‘ est philosophy cannot effect. ‘ The emancipation j n of tho South from the commercial thraldom of tht j„ North,’and ‘a direct trade with Europe,’ frorr 1 the flexible lips of a cunning demagogue, wil work wonders; and many honest and deludec subjects will scarcely give themselves time to asl how locking up geld and silver in huge Cycle pcan safes, with a correspondent issue in thei a ' stead of irredeemable continental paper money can accomplish this purpose. They will takr ihc prophecy on trust, unM defeat lias put u lO humbug to flight, or an explosion has brought it to the comfortable position at which it now rests—an Independent Treasury pcrl'cct'v bankrupt.” Prom St. Augustine. ihe Charleston Mercury ot ya.-mday says V\ o are indebted to Capt South wick, of tlie achr Empire, arrived yesterday from St. Augustine, lor the Herald of the 2d inst., from which we co py the following Extract of a letter to the Editor, dated, “Gahet's Ferrt, May 28, 1838 “1 wo days ago, Capt. Thigpin, of a company . , n ,lf 6rs ’ now mus tering here, gave notice to Col. 1 wiggs that a parly of Indians had been at.lohn s Ferry, on New River, about 40 miles north of this place. With his usual activity, OU r gal ant commander, Col. Twiggs, ordered Capt. liullock, with E. company, 2d Dragoons—the only one company then at Garcy’s Ferry, to pro cced at once with the sixty men of Captain Thig pm s, to Fort Harlloe, there to he reinforced by as many men as could be spared, and pursue the Indians until they came up with them. I hose Indians are thought to be runaway Creeks, and to have been camping about New River and its vicinity for some lime. Their num her has not been ascertained, but twenty five have been s£en.” An express from Micanopy arrived yesterday slates that Capt. Tompkins, at that post, expected’ to have a fight with Tigertail on the 30tb. Tiger, tial was near him with plenty of women and men, and full of fight. The Tallahassecs were with him. The despatch says that 2 companies , \of Dragoons had been sent out to fight him. J “Our neighbor of the Advertiser pcisists in des canting upon our person. Ho calls us the ugli est man that eve* 1 vn i llny y, c . out as lor him, ho was never created at all ho’ was only guessed at. He was the spawn of Caliban and Sycorax ; and his dam, on account of the horrible looks of the young mooncalf refused to suckle him. Ho was accordingly thrown into the street, where his ugliness stood him in good stead: the hogs thought no more of eating him than they would of stuffing them selves with junk bottles. Os course, his ugliness saved his life; and therefore, if he deems us the god of ugliness, he ought in gratitude to build a temple to us. —Louisville Journal, COMMERCIAL. V I LIVERPOOL COTTON MARKET, MAY 8. I sales of Cotton on Saturday were about 4000 I fbags.nnd yesterday they amounted to 3,000 hags I clueflv American. Our market was quiet, and nl- I though the demand was freely met by the heavy im- I porters, yet there was no disposition to force sales or f to put more on the market than could bo taken.- E -I‘rono the amount of speculation daily going on it ft would appear that the leeling is pretty general’of I Colton improving in price; and this opinion seems to I bo correct from the cheering aspect of affairs nt | Manchester. The demand for Twist has very much t improved during the last week Much, however I depends upon whether the American Bunks resume * specie payments. j HAMBURG COTTON MARKET, APRIL 29. i here has been a good demand for Brazil Cotton since our last, and higher prices given. St. Do mtngn on the contrary was offered by our sellers at I something tower rates, though the importers who ■ Have received some new supplies would not submit H to any reduction, and decline selling under As. f> AMSTERDAM COTTON MARKET, APRIL 24. - pn v note lllla ln.cn .t,.iii|r ir. I nl three days. 11 Tnc American sorts, though f I not quoted lower, would with much difficulty find H| buyers at former prices. American is quoted nt from 32 to 33c. I - " ~~ I CHARLESTON, June 11.—Ait Saturday, selir I lull' i— — Plata, lliulami. Clift. Atmlacliicola; I 8 steamer Poinsett, 1 nitltcn, oTatKCrcck. , 01.1, i.i..0 .hip Anson, Sinclair, N V brig Gen Pinckurv Font, Balt. setir Levant. Hurd, 11 os ton, steamer 1 1 Vv -( John, Welts, Augusta. ■ Went to sea, ships Uliode Island, Marlin, Liverpool Switzerland, Hunt, Havre. Ontario; Torrey. <1,,. t/m,,,.' ver. Slictdun. St. Petersburg. H Went to sea yo terday. ship Victoria. Candler, I.ivorn 1 I.lne brig Gen Hmckiuy. Ford, Balt. schr Nevis. Kittlin' Boston. Levant, Hurd, do. I Augusta Benevolent Society. ~ I The Regular Monthly Meeting ot the Augusta I Benevolent Society will be held in the Methodist I Sabbath School Room, on next Friday evening at 8 o’clock. [June 12] T. S. STOY, Secretary. | Sir Augusta Library—The Stock holders of the Augusta Library Society arc requested to meet H at the Library on Tuesday afternoon next, the 12th I ? inst., at 4 o’clock. .1. C. CARMICHAEL, June 11 Sec’y. & Trens. Eng DIVIDEN D No. 12. Mechanics’ Hank, Augusta,) June, 11th, JB3S. j ■■ 1 FBIIIE Board ol Directors have declared a dividend !SH| " this day of Four Dollars per there, from tils profits of the Bank lor the last six months, which i will be paid to the stockholders on and after Thins- tJMa day next. GEO. W. LAMAR, Cashier, BB Juno 12 5t : ]V T OTICE—/MN/T $ SCRANTON~a rTw I i thor.scd to act as my agents daring my absence I horn the city. DANIEL HAND. IM Juno 12 Im I' J'LORIDA SEGARS—ISO,OOO Florida Se- I gars, just received and for sale at manufacli). I rors’prices by W. E. &J, U. JACKSON, June 12 Auctioneers. ]\j OTlCE,—'l’lie copartnership heretofore et‘ j i-vl itting under the firm of Clagett ife Stevenson. |H i is this day dissolved by mutual consent. Tito business will bo conducted as usual by , Juno 12,1838 2t Wm. CLAGETT, Jr. J AN/” ANTED, a situation by young man well » * acquainted with Dry Goods, and whom* 93 ) been lor lhe last two years in a wholesale and retta 4 store in this city. Good references given relative to character and capacity'. Address box X. > • Post Office. trwlra JuncL I ’ SUPERIOR CANAL FLOIIK, j"»‘ rc s KJ cetved and lor sale low by t Juno 12 HAND & SCRANT<J‘V. ; > LVRESH MACKEREL.—Nos. I, a and 3, 9 ’ A in whole or half barrels. WM s June 12 HAND & SCRANTON H 1 » AND AND GENERAL AGENCY » r BL2 OFFICE.—The subscriber will attend tom s sale,exchange and settlement of lands in Ilonas. 5 the investigation and perfecting ot titles to rentes' a . tale, conveyancing, &c. and to the adjustment s , collection of debts, fits office is at bis reside ll in the city of St. Augustine, East Florida. Ml ’• June 12 fan PETER SEEN SM. | c B.'OUR months after dale application will I'e I 0 A' made to the honorable Hie Inferior Court ■ . e Taliaferro county, when silling for ordinary P lir P‘ ■; s tos, for leave to sell the real c.aato of James L al o v don, deceased ; all persons concerned will P le I ; take notice. DOROTHY LANGDON, Guardian. ■ June 12,1838 4m . p ,i Georgia, Striven county : .. t , ft „ IftfHEREAS Joseph VV. Dickey apP‘ lf * " I V ¥ letters of administration on the estate ot t 18 seph Dickey, late of Scriven county, deceased. H lC These are Iberelore t» cite and admonish nil 'tt n singular, the kindred and creditors of the sail I a ceased, to file their objections, if any they jj, ’ ■ 3 f within tile lime prescribed by law, in nty o ’ ■ >to shew cause Why said letters should not beg ffi. ’ ed (iiven under my hand and seal at otnc ,• at J Jacksonboro, this 12lIt June s 1838. , H it 30d JOSHUA PERRA.CIcjp. || [%.[ OTICE.—The coparmership herotolor csi«' B n 19 ingin this city under the firm ol CowUJfc | to Gardclle, expired on the Ist day of Jahuarj ■ _by its own. limitation. The business of the K 1, will be closed by A. Gardelle. COWL iNG. d Fch.13,1837 t f A. GAR DEI. iT I k HE Subscribe t begs leave to inform bis Wj"' I ’• 1 and the public, that he will continue I ir netthe Commission Business in this cm'- ■ y, der Disown name. A.GAKDDDi ic fob 13 i i 36