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- 4i(l ILtilJb €4 WILLIA ” 8 '" IMMMy «-l. m J Published DAILY, TRI-WEEKLY AND WEEKLY, At JVo. Broad Street. Terms.—Daily paper, Tea Dollars per annum in advance. Tri-weekly paper, at Six Dollars in advance or seven at JliO oaci of the year. Weekly paper, three dollars in advance, or four at the end of the year. The Editors and Proprietors in this city have adopted the following regulations ; 1. After the Ist day of July next no subscrip tions will be received, out of the city, unless paid in advance, or a city reference given, unless the name be forwarded by an agent of the paper. 2. After that date, we will publish a list of those who are one yearn or more in arrears, in order to let them know how their accounts stand, and all those so published, who do not pay up their ar rears by the Ist of Jan. 1830, will be striker! off the snbscriplion list, and their names, residences, and the amount they owe, published uniil settled, the accent will be published, paid, which w ill an swer as a receipt. 3. No subscription will be allowed to remain unpaid after the Ist day of January 1830, more than one year; hut the name will he strikon off the list, and published as above, together with the amount due. 4. From And after this dale, whenever a subscri ber, who is in arrears, shall he returned by a post master as having removed, or reluscs to lake his paper out of the post office, his name shall he pub lished, together with his residence, the probable place he has removed to, and the amount due; and when a subscriber himself orders his paper discon tinued, and requests his account to be forwarded, the same shall be forthwith forwarded, an.i paid up within a reasonable lime (the facilities of the mails being taken into consideration, and the distance of his residence from this place) his name, andthe amount due, shall be published us above. 5. Advertisements will be inserted at Charleston prices, with lids difference, that the fi st insertion will be 75 cents, instead of 05 cents per square of twelve linos. 6. Advertisements intended for the country, should be marked ‘inside,’ which will also secure their insertion each lime in the inside ol_ the city paper, and will he charged at ilio rate of 75 eta per square for the first insertion, and 65 cents lor each subse quent insertion. It not marked‘inside,’ they will be ( placed in any part of the paper, after the first insertion,to suitlhe convenience of the publisher, vnnd charged at tue rate of 75 cents for the first in- Jj*tion, and 43i cents for each subsequent inser tion. 7- All Advertisements not limited, will be pub lished in every paper until forbid, and charged ac cording to the above rates 8. Legal Advertisements will bo published as follows per square; Admr’s and Executors sale of Land or Negroes, 00 days, §0 00 Do do Personal Property, 40 ds. 325 Notice to Debtors and Crs, weekly, 40 ds. 325 Citation for Letters, _ 1 00 do do Dismisory, monthly 0 me. 500 Four month Notice, monthly, 4 mo. 4 00 Should any- of the above exceed a square, they will be charged in proportion. 9. From and after the first day of Jan. 1830, no yearly contracts, except for specific advertise ments, will be entered into. 10. We will be responsible to other papers for all advertisements ordered through.ours to be copied fry them, and if advertisements copied by us from other papers will be charged to the office from which the request is made to copy, and will receive pay for the same, according lo their rates, and bo responsible according to our own. 11. Advertisements sent to us from a distance, with an order to be copied by other papers, must be accompanied wiib the cash to lire amount it is desired they should bo published in each paper, or a responsible reference CHRONICLE AND SENTINEL. AUGUSTA. WDUweday Morning, June LI. (jj’ The Mechanics’ Bank of this city, on the 'llth inst., declared a dividend of four dollars per share out of the profits of the Batik for the past six months. The Hon. Hiram Warner the strongest man in point of popularity and perhaps the ablest on the ticket lately nominated by the union parly for Congress has declined. (jj’ Private contributions lo the amount of twelve hundred and seventy dollars have been made by a few persons in this city and neighbor hood, for the relief of the Charleston sufferers. I The committee appointed to make collections ir. New Orleans report the sum of §5,171 ns being collected. The sums raised in the city of Mobile, arc §3,180. This has been collected solely from individual subscription. The Whig Slate Convention of Md, which assembled at Baltimore on the Sth, for the pur. pose of nominating a candidate for the office of Governor, fixed upon the Hon. John N. Steele, of Dorcester county, for that purpose. The “Merchants’ Transcript” is a new price current published in New Orleans. It is a neat little sheet and well worthy of mercantile patron age. The United States Gazette of the Till says: — “We learn from inquiry, that the bank committee which met last evening, had not received replies to the letters sent to institutions in other States, sufficient to allow them to recommend any spe cific course with regard to the resumption of spe cie payments. Several banks have replied to the circular sent oul, but sufficient time has not elaps ed for all to have acted upon and responded lo the circular. Letters from Quebec state that a reward of §4OOO would be offered for the discovery and arresf. of the pirates who distroyed the Sir Kobcrt Peel. The N. York Commercial of 7th inst. says.— “We learn from a bearer of despatches, who ar rived this morning on his way to Washington, having left Moniiual since the date of our lutcs 1 - papers that Sir John Colborne, with his staff lias gone to take the command of the forces in Upper Canada. A movement that seems lo in» dicate apprehensions of something serious.’ 'f’tic St. Joseph Times of 30th ult. says,— “Capt. Jcnk ns of the steamer “Izard” reports that four companies of the Sixth Rcgt. U. S. In fantry, under the command of Capt. George C- Ilutler, which were despatched after the Indians who had flo.l from their encampment on the Chattahoochee, were engaged in scouring the country between the mouth of the Apalachicola river ami South Cape. No fresh signs had been discovered. The troops were in fine health ” —bw—wwwmuw ii .MBiniaat im-^uWiiamiinaiwt:r*^fcj i The loiter of Mr. liiddletoj, Q. Adams lias had lime to circulate in Great Britain. A great majority of the journals call it a powerful letter, | and appear to feel lire force of its argument. i The public opinion tested by the value of the 1 slock of the Bank, which was firm at £35. 3 Mississippi Notes —The Merchants' Trans . cript ofNew Orleans, dated 7th inst. says.—that } Mississippi fundsVonlinue to improve daily, they are now freely taken at 17 or 18 per ct. for the 3 River Banks and Brandon at 30 a3l per ct. dis. 1 A few weeks ago the notes of the former were ■ current at 25 a37 per ct. and those of the latter at 35 a37 per ct. discount, Wo have boon crcdi i bly informed that this rapid rise has boon caused by orders from Philadelphia sent out to tho Western i country and this city to buy up the issues of tho j above mentioned institutions. 3 The New Orleans cotton sales of Wednesday and Thursday did not exceed 800 bales without - change in price. ' Tho following is a copy of the Preamble and [ Resolutions on tho Hub-Treasury Bill, which ' were passed by the General Assembly of Con i’ nccticut. [ State of Connecticut. t Geneiial Assembly. May Session, 1833. Whereas, a bill, called the Sub-Treasury, or i independent Treasury bill, is now pending before | Congress; and whereas said bill, in the opinion of this Assembly, is, in its character and tendon- I cy, contrary to the spirit of our institutions, dan. f gerotts to our liberties, and destructive of our , dearest interests; and will, if passed into a law, ) still further derange the currency, prostrate busi ' ness, spread ruin and desolation'through all das- J sos of society, and change the present distress into a settled and deep rooted despair. I And whereas, if said Bill become a law, it will . provide one currency tbr office-holders and an inferior one for the people. Therefore Resolved, That it is the will of this General Assembly, that our Senators and Roprc , senlativcs in Congress, vole against said bill, or any other containing similar provisions, and use all legal and proper means to prevent the passage • thoioof, and that they he and they hereby arc so 1 instructed. i (Wc think it will puzzle Messrs. Niles and Smith tojump over this.) The Cotton Chop.—Never has there been known, in the recollection of the oldest inhabi i lants, so miserable a prospect as there is in this whole section Os country. The could weather, the lice, and the hail storms, have so completely - ruined the stand, that planters are ploughing up their entire fields.— Greensboro (Ala ) Beacon. From the Charleston Courier. Important opinion of Judge O’Neall, in a case of Oliver Simpson and. the Charleston Fire and Marine Insurance Company, respecting an insu rance of thirty eight slaves, valued at twenty thousand dollars, on board tho brig Enterprise, ' which sailed on tho 32d January, 1835, from Alexandria, District of Columbia, and hound for 1 tho port of Charleston, South Carolina, but said vessel arrived at the Island of Bermuda, in dis tress. The case was decided in favor of the plaintiff. Oliver Simpson, "j L Tho Charleston Fire and f Marine Insurance Company, J 1 he three first grounds of appeal arc upon sup - r posed errors of the verdict in matter of fact. It I ' s enough to say, in relation to them, that (he ov„ idence was abundant, and every way satisfactory to my mind, to sustain the conclusion to which the Jury came. The fourth and fifth grounds present tho only i legal question in tho case, whether the bunging r up tho slaves, under the writ of habeas corpus, is sued by the Chief Justice of Bermuda, and the discharge of them, by him, from the custody of the master of the vessel, is within the risk enu merated in the policy, viz : arrests, restraints and i detainments of all kings, princes or people of . what nation, condition or quality soever; for, if this question bo answered in tire affirmative, then the loss cannot be referred to an escape, which is > an excepted peril. i Tho warrants, arrests, restraints and detain ments of all kings, princes or people, of what na tion, condition or quality soever, arc broad : enough to cover every possible detention, legal or I illegal, by color of law, or without it. Had it not been for tho case of Ncshit, vs. Lashington, 41. R. 783, I should not have hesitated to say, that any detention in fact, was within the perils 1 insured. But that case held a mere liolous de. tention of a vessel by a mob, and lhe consequent : breaking up of her cargo, not to boa detention in the meaning of the policy. It appears that the detention, to ho within tho policy, must ho a capture, or seizure, or detention by the officer or agent of some government in . fact.— (Plull. on Ins. 559.) It is true that Mr. . Phillips says that it must ho by the commission ed officers or agents of some lawful and ac knowledged government. But this cannot be true, for wherever a government in fact exists, whether lawful or unlawful, acknowledged or un ■ acknowledged, it has the physical power to com . pel obedience to itjs commands, and its officers or ■ agents are supposed to act by its authority, and that therefore tho assured has no remedy for his 1 loss against them. 'Phis, however, need not he noticed for the pur , poses of this ease, for taking the doctrine to he, as , stated by Mr. Phillips, the detention hero would ho one of the risks enumerated in the policy; for the slaves were taken and detained from the cus. 1 tody of tho master, by a writ issued by tho Chief Justice of Bermuda, the officer of an acknow ledged and lawful government, that of Great Bri p lain. The master of the vessel was bound to yield obedience to tho writ of habeas corpus. Ho ' had not tho power to resist its mandate, and if he t had, he would not have been justified in so doing, lor it is the duty of all persons within the juris diction of a countiy, to observe its laws and to . yield to all its legal and proper process, any other rule would lead to continual insubordination and the exercise of physical power. > Whether the subsequent discharge of the slaves 1 by the Chief Justice was according to or against , the laws of Groat Britain, cannot now bo inquired into, it was an act done in a court of Justice, and by the judgment of a Court exercising a eompe ’ tent local jurisdiction, It is hence to be presum ed, that it was done according to their law, al though it must bo conceded by every one having . tho least acquaintance with national communi ties, that it was, direct violation of its first prin ciplea. ' It is true that most of the cases of restraint and ■ detention reported in the books arn captures in s lime of war, and seizure under political regula tions. But it docs not hence follow that a deten tion by Judicial [ occss is not an enumerated 3 risk. It as well as others, is the act of an officer i oflhc Government, acting under its authority and executing its laws. Tho motion is dismissed. JOHN BEI/TON O’NEALIi. The Court of Appeals concurred. The Sir Robert Peel. I The Montreal Courier of the 4th inst. expres ses much satisfaction at tho efficient ami success ’ ful elloris which have been made hy the Amcri • can authorities, to ferret out tho ruiiians who do • stroyed the Sir Robert Pee'; and adds, — Dr. Scott, of Drockville, has given most im portant evidence. It appears that he was a pas senger on board the Peel, and that as the pirates were leaving \\ ells' Island, ho was cal loti upon L as a medical man, to attend to a hull which one . of them (Scanling) had received, —a supposed s biokcn arm. \V Idle lie was dressing (ho wound on board one of the two boats of the gong, tho boat was pushed oil, and lie was carried with the ; parly to their lurking place, a shanty on a little ■ island, another of the Thousand Isles, which was nisi opposite to French Greek and four miles above Wells’ Island. Dr. S, was kept hero till <1 P. M, when ho was landed near French Creek, under a promise not to inform voluntarily. Doing arres. i led, however, almost instantly on his landing (for the entire population of the place and neighbor* hood were out in pursuit of tho pirates) ho was {nit upon oath, and gave his evidence. The pirates were almost all Canadian refugees. Two only can bo ascertained to ha Americans. They used tho pass word “Caroline” in their at tack, and behaved in all respects just as our pre vious account stated.—At their lurking place, they divided their plunder between them, and a num ber of them left before Dr. 8. was allowed to leave. They called one another by assumed names.— ‘‘Sir W. Wallace, Commodore, ’ “Judge Lynch, Military Commander,” “Dolivar, Commander of the Dlack Hussars,” ‘•Tccuinsch, (supposed Hill Johnson) Commander of the Wood Hangers ” “Captain Crockett,” "Admiral Nelson,” Ac. M’Leod, the ex-Adjutant General, was of the par ty, and it was reported at Prescott on Friday evening, that ho was taken. None of the gang were found on their Island, when it was afterwards visited. Li their shanty, were found several beds, a three pounder, a num ber of muskets and bayonets, old swords and pis tols, and lao pikes—all said to have been provi ded for tho Aickory Island affair. A trunk, containing some very valuable papers belonging to Mr. Auldjo of this oily, and some other valuable articles belonging to oilier itidivL duals, had been discovered. The efforts made to secure the arrest of the criminals, are represented to have boon most un remitting! and the authorities on tile Canadian side express themselves fully satisfied with them. [lt ought to ho distinctly noted, as stated in the above, that of the “1 or 3U persons engaged in the outrage,—or as some reports have it, 4u or 50, —only two are ascertained to he Americans Tho affair was got up with so much secrecy, that not a whisper concerning it reached a public car, or that of the civil authorities, until the explosion took place. Now the question is, whether by an outrage committed under such circumstances" by lirilish subjects, skulking in uninhabited Islands, although within the limits of the United States, the American people are not more sinned against than sinning. So we view it; and so viewing it wc conceive that the most rigorous punishment ought to lie dealt ought to those wretches, who seek to involve two nations in war, in the hope that some advantage niayj accrue to themselves from the results of the contest. All such disturb ers of the peace must ho put down with an iron hand or the must deplorable consequences will ensue. Already we bear of an American steam ■ boat being fired upon from the British side, and perforated with several halls, although fortunately ■ no lives were lost. What next? Clearly (he Utmost vigilance, moderation and forbearance, arc necessary, on tho part of the aulhori.'ies, both ■of Canada and tho United Slates. With ernments of the two countries rcsls lire security against war. The new Governors of Canada have comn over hero with cool heads and honest hearts, while the supreme government at homo arid ihe government at Washington, will each know how to make allowances in lavor of the other, —orraihcr, they will know how to atlrlmle the outrages which have occurred on either side, 10 the few lawless individuals concerned in thorn, and not to the governments themselves, who will ol course disavow and condemn them. — JV. Y. Jour. Com. Latest from China. hellers received at Salem, via St. Ilcnlona, ■ from an American gentlemen at Macao, dated 12lh January, mention that an expiess boat had just arrived from Canton, bringing the news that the three principal Hong merchants, Houqua, Mouqua, and Tinqua, wore imprisoned hy order of the Vico Key, in consequence of the opium transactions at Whampoa: This accounts fu tile non-arrival of vessels from Canton, as the trade with foreigners would probably be suspen ded. Wo learn that a good deal of commotion was occasioned, hy the receipt of this intelligence, amongst our India houses and traders, and that it is communicated on authorily of one of the most respectable American mcrchatsin China, From the N. F- Whig. Our readers have become familiar with the proposition in Paris to convert the five per cent, funds of Franco. We lay before them the speech of Monsieur Laplagne, the minisler of Finance at the sitting of the slh of May, giving his objec tions to the measure. It is a curiosity, so far as the minister’s notions go, of things m our coun try. Mr. Laeave Laplagne, finance minister, being then brought in his chair to the foot of tire tri bune, said ha would not then enter upon the modes of operating the conversion, which might be better reserved for another opportunity. Nor would heenlarge upon tho right lo reduce nr the justice of doing so. The moment funds are above par, the holder was sufficiently warned of >.yhi.t ho had to expect. Tho principal point was tho present opportuneness oflhe measure. live ry orator who had spoken admitted that its ad vantages had been much exaggerated. Uut at the same time, notwithstanding the frightful pic tures drawn by M. Lamartine and oilier enemies of the measure, he would second it, did ho think the moment favorable. The causes which ren. dered the moment unfavorable did not exist on the state of the French treasury or French finan ces. T. oso causes were Ihe situation of Ameri ca, and the situation of tho bourse. Whh regard to America, what he had said before the commis sion, and what he would now repeat, did not. refer lo a commercial crisis in that country, for he confided in the prudence oflhe merchants both of France and America. But it was in the monetary stale of America that he saw the danger! A few years ago coin was unknown there. Numerous banks with too gical facility, 100 littie guarantees, furnished all circula tion with their paper. President Jackson attack ed tho entire system, ami sought to bring back metallic currency. This has caused a displace ment of money, a rise of interest everywhere, and considerable embarrassment in America. The hanks suspended tlreii payments. If they resume their payments, they must get a great and further supply of coin from Europe- And the hank has already lent 70 millions. It the banks do not resume their payments, the question is. can America support such a blow as England did I What may be the results no one knows. Such was the slate ol thing's in die A o'- etican market, which made him shriek from now un.loi-ukii'- the conversion. Tho other cause was tho. aloof the i’aris Bourse, on which tho ropeit of ihc commission said not a word. Ami when ho spoke of the Bourse, ho meant by no moans the stale of the country. If inquiry be made throughout nil tho Exchanges nt Europe as to who wore (he holders of those funds, eon true a lcJ >'>’ tlu ‘ most necessitous, mined, and nmi , paying states, tire holders of these will l>o found e M llO of the poorest and most necessitous class, Those, in tact, prefer high interest to security. I \\ ere the conversion pressed, ami the small holds nrs turned out ol tho Five per Cents, ho feared , they would be tempted, in the present stale of the maiket; to sink their capital in tho lists of s promises and deceptive speculation that abound 0 I ho increase of share companies in recent years had hern laid In ane tilc Chamber*. Uni tho in [ creaso in the present year surprised all. In dans nary and 1 cm nary companies were formed res r quiting 113,000,000, which, if continued, would _ make 700,000,000 in the year. Uut in March s “h llll ' companies wore formed to the amount of 270,000.000. \r hen it was considered that there wcic shares as low as 25 francs and 10 francs, it might he imagined how such schemes would ah ' sorb Hie capital of the small holder when the lat ter had no live per cent, stock to nlford a more , solid allurement. Such a state of things in Paris and in America ou;ht not to be allowed to pass ere reduction v. as alien,pled. i'rum the Darien Telegraph, • My life is like the scattered wreck. irv 11. EMMETT noon. ' “My life is like tiro summer rose."—it. u wix.dk. ■ My life is like the scattered wreck, Cast by ibo waves upon tho shore; The. broken masts, the rifted dock. Tell of the ship-wreck that is o’er: Yet, from these relies of the storm, 1 The mariner his raft will form, Again to tempt tho faithless sea; hut hope rebuilds no bark fur mo. My life is like the blighted oak, 'I hat litis its soar and withered form, f?calh d by the lightning’s sudden stroke, Sternly to meet the coming storm: Vet round that sapless trunk will twine The curling tendrils of the vine, And life and freshness there impart,— Not to tho passion-blighted heart. My life is like a desert rock, In the mid.ocean lone and drear; Worn by the wild waves’ ceaseless shock, That round its base tbeir surges rear; \el there the sen-moss still will cling— Some flower will find a cleft to spring, And breath, e’en there a sweet perfume; For me, life’s flowers no more will' bloom 1 Gi.oo.ur Picture. —The subjoined letter np ’ pcared in a late number of the Globe. It must ■ have got there by mistake, for we have not met, wi'h, iu any Opposition paper, so gloomy a pic- I tore of tho miseries brought on the country by • rhe ignorance and obstinacy of our merciless ! rulers. It is a severe chastisement which the 3 People arc suffering for their infatuation; hut, • though the pup which they have mixed for them |l 1 selves be hitter, we have Hip consolation of know ing that the wisdom most dearly purchased is the II most lasting— ■Nationallntelligencer, a From the Globe, / Extract from a letter to a member of Congress from c a friend in Mississippi. , 1 “TitP times archulj, ,alannk;j here, Many r plantations arc entirely stripped of negroes and . horses by the marshal or sheriff; and to add to r our other difficulties, our bank paper is goting i worse every day. We cannot get plantation I supplies for less (ban double New Orleans prices , with our money. Suits are multiplying— two thousand five hundred in the United Stales Gin ■ euit Court, and two thousand in Hinds County . Court. Silver is demanded, and our citizens , threaten violence and bloodshed. Wo are in a , bad situation. 1 Mr. THOMPSON’S SPEECH— Continued Tire following ia lire statement of the Sec retary of the Treasury of the amount of Hank capital anti circulation on the Ist January, . 18117. in round numbers, ■‘ Capital. Circulation. 1 States of N. York, $37,000,000 $24,000,000 1 City of N. York, 20,000,000 9,500,000 ’ South Carolina, 0,500,000 7,000,000 Charleston, 8,000,000 6,000,000 Pennsylvania, 58,500,000 25,000,000 Philadelphia, 45,000.000 20,000,000 Georgia, 11,500,000 5.000,000 Alabama, 10.000,000 7,500,000 Louisiana, 37,000,000 6,000,000 Mississippi 13,000,000 5,000,000 ; Massachusetts, 38,000,000 10,000,000 Then’ducts and figures speak for thorn selves. It will not be pretended that a small city ur stale, with little commerce, requires as much currency us those which are larger, and 1 have greater commerce. Upon what ratio ■ will you regalate ill That of population or 1 commerce, or what ia tho nearest approxima tion to a just ratio, a combined one of popula tion ami commerce. Now York lias ten ; times the population of Charleston, and ia entitled on that principle to eighty millions. It has twenty. It has forty limes the com merer; and on that ratio, to three hundred and twenty millions—on a compound ratio ol numbers and of commerce to twenty five 1 times as much, which is two hundred millions. I It has twenty. And so of all the southern cities. New Orleans, with one.-.tenth of the j trad and one s xth of the population of New t York, has one third more of banking capital. ! It is still mote strikingly shown in tire cases I of Philadelphia, width one third of the popu. I lotion, and less than a fifth of the commerce | of New York, has three limes the bank capit-1 al. Not less striking is the case of Boston, j Why has Now York bo far outstripped them I both? Will any one, in the face of these facts, hold up his head, and attribute the pow er and prosperity of New York to tho hanking system! But it is to the deposilo of public funds that the groat prosperity of New York is owing. How much has been, on an aver , age, deposited there at any one time? Not mure than three millions Add that to the capital and currency of that city, and how sinking y unequal slid is the statement. I do nut suppose that it will be pretended that public money has any peculiarly refresh ing and invigorating quality any more than so much private capital. This whole notion about depositee is a sheer and downright fallacy. The money in not deposited in Now York un - less collected there. No bank issues to the whole amuulof its depositee,• a portion of it, Generally half, remains locked up, and is, to that extent, a diminution of currency, and therefore an embarrassment instead of an aid I to commerce Os all tho extravagances that I* have been broached by intelligent men this is j the greatest, to attribute the commercial pow- | - er of New York to causes so obviously insuf-1 fioienf. What made Amsterdam no long the . , commercial metropolis of (lie continent; Lon- j -j&_ . r~ **-* > °—** ,i M Jt«nr • don, of nil Europe; Glasgow, of Scotland; who ’ can toll, or what mine mui waul,l have altri -1 bulod cither to any one cause. Tho advant -1 ao'os ol Now Y ork are vast and innumerable’ The most perfect loon! position, enormous accumulation of capital, regular packets, and whips without number, mid, moro than all, fa cilities of inland U'ansporinlion, unequalled and perfect, by which goods imported there arc d .••tribuleil all over the United States. If Now York had not a sin; lo bank, the curreii' ey ol oilier States would accumulate (hero more than at any other point. 1 met in Now ■ Y ork, a lew days sineo, a friend who had gone there to obtain funds to ret on foot a bank in Arkansas. 1 asked him if ho wished gold and silver, ho said no; that, for the greater part, ho prolcrrod exchange on Now Y'ork. J)o was right, sir; and the fact is the most conclusive refutation of all these fallacies. 7'ucro are moans by which the trade of the South, and of much of the West, may bo brought back to our own city of Charleston. But it never will bo done if reliance is placed upon every new theory, more political than commercial, that is started. One, and the chief of these moans, is unr great enterprise of communi cating with the West; by that, and similar works, this, to tho South, great end may bo attained, and I hopo and believe it will be. 1 hope so, sir, trom every consideration of in terest ah well us every feeling of affection. I should lovo that venerable old city, if for nothing else, hut that it held the bones of of the Rutledges, the Laurenses, & the Pinck neys; and now, in her day of calamity and suffering, that fooling is almost ono of devo tion. But I will not support every wild and impracticable theory, because 1 am told, on any authority, that it will benefit Charleston, when 1 have no shadow of doubt that Iho effects will bo directly the reverse. 1 called some tone since, for a report showing the receipts and expenditures in each of' the States. The Secretary has not responded to the cal'; find 1 must, therefore, take the report of 1834, the last that has boon made. In that, the amounts received and expended in the several Stales, was us lolluws in round numbers: Collected. Expended. Vermont $179 $232,000 New Hampshire 10 418,000 Rhode Island 119,000 331,000 Connecticut 47,000 305,000 $301,000 $1,330,000 Collected. Expended. ' Louisiana 1,000,000 340,000 Mississippi, 1,000 000 310 000 Alabama, 721000 374,000 $2,721,000 $1,030,000 The four New England States receive mere than a million more than is collected. The ! three Southern States collect one million so > ven hundred thousand moro than is re-expen ded. The three middle Stairs collect two ' millions, and receive three. Now, sir, that 3 the fiscal operations of the Government ope rates injuriously lo us I do not doubt, and have , often asserted here. But in a demand of specie, for Government dues, I sec only an ’ o "s'«vttlion of the evil. Whilst bank paper 1 is tho currency, and the hanks pay specie, the 1 pressure of those unequal disbursements is less severely felt, it is arranged and allevia ted hy the si/cnt operations of trade and com ■ incrce. But adopt tho specie system, and the specie must bo transported, or kept where it is collected at an effwal cost, and it cannot ho evaded. Suppose there was now in Mo bile a million in specie belonging to the Go vernment, how would you use it? I have been answered in conversation, by prominent advo cates of this policy, by transporting tho spe cie. That is my opinion. If the Govern ment docs not do it, the officer or employee, to whom a draft is given, or tho merchant or bank, into whose hands it falls, will; or he will only allow the specie lo remain hy being paid for it. In the last ffve years two millions and a half have been collected in Charleston— certainly less than a million and u half paid out in tlie State. Suppose that amount col. looted in specie, and transferred, does it not unavoidably diminish our currency, not one million, only, but three? For one million of specie is a safe basis for three ol currency. Buck it not add just that much to tho currency of the place lo which it is transferred? Mr. Crawford, in 1817, saw this, and saw also that any peculiar currency, being adopted by the Government, would loud to the advantage ol that section east of tins city, where Govern, merit disbursements were chiefly modi'.; and this effect is infinitely increased, when that currency is gold and silver, which is the basis of u three fold paper currency. Again, in Now York, the money paid into the Treasury is almost immediately paid out again, and is available to pay duties twenty times in a week. Not so m Charleston; it is locked up, and only unlocked to be transfer, red. New York not only retains what is paid there, but much that is paid elsewhere flows into New York. Take the case, stated bo- I fore, of the paymaster in Arkansas who sells the Government draft on New Yoilc. It gets 1 into the bands of merchants—what for? To | draw the specie? No; hut lo pay lo the ini ] porting merchant in the city. It moves there i m a continual circle, and circulates like the j blood, one moment in the bead, the next in tho i ' fact. But ns to tho cities ol the youth it is I blood taken from the arm; and, under such a j system, it is demon-trebly true that tho more I goods wc import at the South the worse for us. The mure duties we should pay, and the [ more specie withdrawn from us, 1 need not be told that such is, and always has been the case. To a certain but an infinitely less extent it has. Under tho system of receiving couvore libs; bank paper, liie vix mediant rue of cnin merce and trade bus greatly diminished the injurious effects. J t Ints boon said that the South is lo bo benc fittnd by tbo exchange on the North being against us. Bov/ bine lilted I By forcing a direct trade to our own ports. This looks mightily liko the tariff’ policy. It is certainly true, that if iherc was a tolal non intercourse with Northern cilics, tho people of tbo South would bo forced lo trade ul Southern seaports, and that in proportion, us impediments aro thrown in tho way of such in tercourse, will this effect bo produced. But at whore cost? At the cost of tbo consumer, if there is any thing true in tiro anli tariff argu ment —that the effect of culling off' co i petition is lo increase prices. Ask the farmer to which market bo prefers that bis merchant should go, lo Charleston or New Y’ork! ills reply will be lo that where he can lay in bis good- cheapest. For ho know; that the cheaper ho buys tho cheap- , er he can sell. It he can buy as cheap in Chariest I ton, there is no need ol artificial checks lo com 1 - « V. ■. - i petition; it ho has to pay higher prices, the con, sumcr ultimately pays the difference. Now, sir, il any male of the South wishes to force the in ■ crease of importation in their own cities, nothing j is easier. I, el the legislature provide hy law, to j pay one halt the duties on all goods imported; . my life on ii the importations then! will ho cnor- I mniisly increased, and, il lam not mistaken, at , some risk of dissatisfaction when the people come I' to ho taxed to pay the money. Iho 'South it is said, raises the staples which . are needed in foreign moikets, and has therefore the command of foreign specie. A greater falla cy never was uttered. Wo raise thorn staples it ; is irui', hut they ore marketable commodities and | are any body’s who can pay for them. How, hut in colton do wo pay! How can we pay for the immense amounts which wo annually purchase ’ of Northern commodities; such articles as wo ato ' obliged to have and which the Northern ‘ people can furnish us on hotter terms than I any one else — negro cloth, shoes, hats. car i riages, furniture, all articles of wood, leath er, tins; in slunt, all articles of which thp taw material constitutes the chict element of value? Then they have cotton as well uc wo have, and the same command of foreign specie an we h ive. Hot us stale a case. °A new hank is about to be established, and eve ry body wants specie from Europe to lake slock. An enterprising yankeo comes to tlio South with it cargo ol tho articles 1 have cn; tneralod. Hus ho any difficulty in obtain, ingour cotton! But it New York merchant wants an hundred thousand dollars in specie from England; so docs a merchant ul Angus' la. They both have the money in hank notes of their respective cities. The Now Yorker dnposites his money in tho Manhattan Hank; goes to Augusta and sells hills at 10 per coot premium. Ho has then $llO,OOO. whilst the Augusta merchants lias $100,000; so that ho can ship Ins cotton to Liverpool and bring back his specie with tho same amount with which tho Augusta merchant has Ids cotton in the warehouse in Augusta. And litis is tho command of foreign specie which our sta ples and an adverse exchange give us—anoth er case I suppose where tho fuels and theory not agreeing: So much tho worse for the facts. Hut, sir, Igo further, and do not hesi. talc to suy, that it specie in largo amounts is brought into the country, it is done exclusive ly at the cost of those who famish the staph s of foreign commerce. Hitch always has been i the case and always will he. Specie never is . imported without a depression at the same I time in the price of cotton. It is a melancholy . instance of party infatuation to sec Soul hemp men chuckling at the importation of specie, ) attended as it ever has been by the fail of cot ) ton. Suppose we determine on a metallic I currency, or what is equivalent, hank paper representing specie, dollar for dollar. No j one will say that we have too much currency now. I think il demonstrable that we have " never had enough. France, with double cup 'I population and lees commerce, has eight him : dred millions of dollars, and prices arc not swollen in France. It is one of the cheapest countries in Europe. We then are entitled to [) four hundred millions, whilst we never have 1 had the half of it. But even take it at what it now is, whence is the hundred millions to c come. It must come chiefly from England, 1 our great customer. It is too manifest to need t argument, that whilst the whole country rc r ceiveslhc benefit, we pay the expense in tho 2 diminished pi ices of our staples. England 3 has about thirty-five millions sterling, sup . pose half of that is withdrawn; will not prices . fall! Cotton with every thing else. Will not | the manufactories dismiss their workmen > . Cotton accumulate and demand diminish ? Is not a Hill in price (he inevitable effect? I have no earthly doubt that it is the interest of the t >tton planter that specie should he sent from tills country to England, and not that it should he brought from England to this country, i hat we are more interested in the currency of England being abundant, than that it should he so here, for the obvious reason, that Hie more abundant money is, the higher will prii eg he, and the more animated all commercial and manufacturing interests; and it is the price in England which fixes the value of cotton in this country. The fable, sir, of the hoy and his goose, docs not represent greater folly, than for a cotton planter to desire an increase of our own currency at the expense of diminish ing that of England. Again, if convertible hank notes are as good us specie, there can he no reason for a discrimination. If they are not, and duties are paid in specie, and the goods sold for bank paper, the price is enhan ced to the 'consumer to that extent. This is too obvious to need argument. Is it forgotten how fiercely, and to the last, we resisted the demand of cash duties. How near the com promise of 1832 was being defeated by the tenacity ol Houthcrn men on that ground ’ What was the difference between cash and credit, compared with the difference between specie and bank paper? Specie is to be im ported, and can only be paid for in our staples. It will nut be pretended that (he same cotton will procure both specie and merchandize too. H specie come, merchandize cannot; and we are forced to buy articles of American m iiiufaclure at an enhanced price at the same time that there is a deficiency of revenue front a diminished importation. (To he Continued.) fJOJUM 13IlCf A Si. MODI I.V. ATARkK'IVJ*>rfR H. (tutUn. —V‘. i* Jay n.Hiticoiir c! LsAilicHlion nnd pro sent our murkot a« ii niiin:il Thvro appearing no other gradc.s mi s ; il« I huu middling nnd fair, down- I ward, lor which (he huloh nro Mi to ( M a Sic. Tim nal(?.s of the w'-uk imv<* buuii about ‘JOO halos, and Iliia mainly taken to till vi cis. Stock on .sale about JOoo bale,'’. Freight .•*■ -Hull—to Liverpool, I a 2d.; to Havre, There being no change in tho price of articles usually reperiod in detail, we omit quotations to day. .... I— - *-"■* I ■ —.— Gcorgi.-i, Hnikc County ; \t%J HEREAS little Burry Barth applies for vo' h iters dismissary, on the estate ul Alfish Jenkins, deceased. I liege am thoiefbrc to r ite and admonish all and singular the kindrodnnd creditors ol said deceasod, to he and appear at my office within the time pre scribed hy lavv, to show cause, if any they have, why said Icltois should not he granted. (liven under niy h mil t office, in Waynesboro this‘Jtid day ut Alareli, 1838. i : r 21) Cnu T. I), BI.OCNT, Bcp .Clerk. Georgia. Burke County. WHEREAS James (.rubhs Administrator of the eslnlo wf Wm. Bryant, deceased, applies to mo for letters of dismission. These are therefor to cite anil admonish all and singular the kin fred nnd crcdiiors ol said doc’d to ho and appear atnny office, within tho time prescrib cd hy law, to shew caiisn.if any they have, why said letters should nolrbo grated. (liven under my hand at office in Waynesboro, I his 2<M day of January 1838. Jan 86 aim Ora TII BLOUNT, uoeou c. IJOTICi). All persons indebted to the estn'o ol t.cnrge (i. Bass, late of Burke county, de ceased, arc n quested to make payment, and those having demands arc reijne.-teil to render them in ac cordin'.; to law. It. W. BASS, Adm'r. april 17