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fVcw r. Huhmoit i Win'
To Henry flay, (>.q- liOlt-.i \I.
•Sir—l) 1 have been to foilunalc H I lo oil;; liV !
your attention to my letters, it uny have occunc.l t
lo you, that ihe plan of a Hank tiler.- sugge.-ti •! !
might be free hour *mie objections who h have I
been moat succe.-stully urged apnmt the 1' >■ In
dilution. h would, at l< ist, furnish mi )•;•>*.
livoa to the eri'ious and r.ip:u ems spirit '-i agio
nanism, wlm li, in sloth, debauchery uml ru.
eagerly »erils in rabid in.'ilire a/iim-l prosperous
industry ami sucres dill n.r J ■ Ii niM be
a comfcul U< you, I huj sum', fir, lo he.ir no inorr
of reg barons, Hint bloated wealth, uml moneyed j
sr •l-iciai'y. Tle;e court ms appellations would
hunlly ho applied lo lire tsi.i i -; uml Hum, llie pies
sion- of uii'ii having mm' lo cool, we might hope
(hut they wouhl at hut come In lake i colli :l c--
timate ot the me uml \aiue ol the Hanking ay.,
tcm.
I confess myself to he nf llie liiiiiilxm of those
who have not given ilmr mi ml. Inr play on thin
subject. 'J'hal the file imil lormer Hank ol the
United ttlules vviie nneoie-litulional, I did nut
doubt, nor do I now. That they were engines ol
great poll icalmischief, 1 was sure. Itiii what 1
caie the ma-.0l men lor ('onstilutiotiKuml politi
cal balance.-, ! lie who would found bin oppo'
si I ion lo u tnuusorc promising individual advun.
luges, on such lo|nc», must ever speak to heedless
cam. Ho can but provoke the spleen ol iho law,
who may bo unwillingly convinced, and the acorn
of all the rust. To dclialo auch subjects -ueees a
fully, rusurt must he hud lo the ai yiimi'/iliiiii ml
crumennm. If this can he lanly urged, ll is well.
It not, 1 suspect that lew mini, convinced ol the
truth (d uny proposition, are 100 scrupulous lo use
fallacious arguments for the conviction of those
on whom Rounder reasoning would he thrown
away, tilill, he who would preserve his own gulf
reaped, will unconsciously try lo cheat himself
into a belief of the truth and justice ol any ideas
he limla himself compelled to advance. This is
particularly true of yong men, and I speak of a
time when I was young. I uni not, indeed, aware
of having practised any such voluntary neb decep
tion on the sulject of banking; hut I am humid lo
own, that 1 was content to echo, without u very |
■trict examination, the forms of »|rccch devised lo <
cfeeat the multitude, which I found current in the 1
world. When I consider the inherent ihlkculcies <
of the auhjoct, I do nol very severely blame my* <
■elf fur (Ins. In such a case, it is easy lo he de
ceived, until cxpeiionce comes lo expose sophis., c
fry, and illustrate truth. <
Hut he must las wilfully or incurably blind, 1
who would grope in darkness at noon day, and 1 I
should have no right to ask of you to rovise your 1
opinions on cerium points, by the light of recent ‘
experience, hud I nol made n like use of the re- |
■ulla of the experiments on the currency of the i
country, with which our rulers have amused 1
themselves during the last live yean, lam con* 1
■cious, too, ol having received no hide aid from
the ostentatious precision with which Mr. Cal. I
houn is in the habit of stating his sophisms. It 1
requires a boldness of deception, ol which few
men are capable, lo impose on the unthinking, by 1
a parade ol the farms of logic, while they who 1
have a capacity lot investigation, mo thus invited 1
lo examine the soundness ol the premises and tile 1
accuracy of the conclusion.
1 o the intrepid assurances of ibis gentleman
wc owe it; that the vague reproaches against ‘
the Banking sy stem, which have so long Idled I
the ears ol die public, arc now reduced to 1
precise specifications. Foremost among these,
■we find the charge, that Hanks do but lend
credit instead ol money—and a complaint of
the monstrous advantages ullorded to a few I
munoplists, by giving them the exclusive right
to lend the credit of the government as well a
their own.
So far as this charge of monopoly is made
-against the I’et Hank scheme, by which the
■advantage was gnihiiloudy given to u i.i/luy
corporations, it is for the advocates of the late
Administration to repel it. I know no one
better qualified lor the task than ho who
.makes it; —the expert logician who can “re
fute, change sides, and still refute.” ll is a
case exactly suited to him. If there he a man
on earth, who can he et actor et rcua in the
same controversy—who can blow hot and
cold with the same breath, that man is Mr.
Calhoun. Since he has become the admirer i
of Oen’l. Jackson, the apologist of ids ad ninis- i
tralion, and the advocate ol Ills successor and I
imitator, he certainly has no right to call on i
bis old friends or on yours to repel this charge, i
If this clamour about monopoly is to be nn j
dvr stood in reference lo tbe late Hank of Ut ■ i
United States, it is notoriously without found i |
tion in point of fact. Not only was an ample
consideration paid for it in advance, but, the
books ol llie Hank having been open to all,
there was no man in the (community, who had
nol an eqpiul chance to become a stockholder
to the extent of his resources.
Hut it is said that flanks do but lend credit,
and nol money. To ihoso who are to ho cheated
by the mure sound of wools, (and for whom else
is this intended!) ii should ho enough lo say, dial
auch credit us the II inks lend thev are ever ready ■
•to take in payment, or, in other words, dial the i
paper in which their loans are made, is always re
•ccived in satisfaction for those loans.
Hul thinking men may require a deeper un
ewer. To them 1 would say, that Hanks do not
merely lend their nedii. There is always an ac
tual loan of gold and silver. Il is nol, indeed,
always actually taken away; hul Ibis is only be
cause the borrower himself iether chooses to re
ceive paper. Mean lime the Specie is, at Ills re
quasi, kept hy die leader, lor Ins use, as a means
of securing the currency of the notes ho takes
away, ll is true, that the whole amount is not
always so kept, ll indeed die borrower wishes
it, il may he done; tor ho has it in his power lo
return the notes immediately, draw oul die whole
■uni in specie, and iej lace ll on special depo.-ile,
subject to his cbo k. fs this ever done! Never. j
And why! liee.m.r the borrower eaunot derive 1
any possible advantage from doing il. li is en
ough for him, that there is always enough of spe
cie in the Hank lo keep Ins notes from depreeia
ting. He therefore docs not require that die
Bank shall keep more than expenenco has shown -
to be sufficient li,r this purpo-e, and so long as
this is done, the Hank faithfully fulfils its en- 1
gagemenl with him.
But here, it seems, a benefit ipsulls lo Hanks,
from the fuel, dial about one half ol die specie,
or leas, is found, by experience, lo be sufficient I
lor this putpore; so dial they iceeivo inter -t on
double lire amount of their capital. If this were j
die v/io/e tiuth, I see nom who would complain,
hul they to whom n isi;.di and woumvood to w it- -
ness the prosperity ol another. Hut tins is n„i \
the ■whole truth; not shall tve obtain a view of it,
without considering Iho whole moneyed mu u-.t :
COLLt.CTIVKLT US OX K COMMON IN rKUI.se, nia
naged by res ruun in. lire r Munsu non
inti sisrr.M, which is also lo bo considered col
Jectively.
1 am aware that the noisiest of the declaimcrs j
■gainst that system, will receive this projiosilioii j
with a shout ol exulting derision, as what they
'will call a precious confession. 1 should be glad
not to be troubled with those clamorous pole
rotes. I have already “answered the foot accor
ding to his folly,” ami would willingly leave him.
But ihe wise King tells us we must also “answer
■ feot, hut according to his lolly, lest wise men
think us like unto him.” Bear with me, then, a
moment, while I have “sonic more talk with this
■learned Theban.”
We bear bun exclaim that, by mv own allow
«Og, the moneyed interest collectively stands con
viclati ot receiving some twelve pei cent, on the
Wholtof its capital. If 1 urge that most ~f this ,
is to be deducted lor the salaries ot bank officers,
and for other expenses, he will tell me that these
, lu■ in .itc i . 11: ut I can Iff l.nj mi tht • r«iil r
,1 oilier iucii’h lohnn. Out nr«: tt.tnr officers
mum i nth! Noi they i' vp -i . imirli limu un i
i.iliiiiir i:i return lor their s:«I;i ri.•«, ai any o'lir;.-
dliifir. Are they nopcrllu on*! No: without
them, no Dank could perform i s function in a ]
rort ot broker, or middle man, liclwrcn the for. I
rower ami the lender, hin I lie agent of both, |
[ created for this purpose, and paid liy both. In cry !
j man who has money lo lend, lias a light !o lend
! it, if he can find a borrower. Every man in want
I of money has a right to borrow if lie can find »
lender. A Bank is an office of intelligence,
where the boirower and ihr lender hear of each
j other, and where the !■ nder becomes certified of
tho horrowvi’s sufficiency. It is the business ol
1 Bank oll’iceis lo collect an I communicate this
1 intelligence, to obtain such general knowledge ot
! I lie all ms of individuals as may Justify diem in
| recommending the borrower to die conlideiico id
I the lender, lo niaiiugo ihr.-ii negotiations, and lo
| keep their accounts. They who perform this
; function, have a right lo live by their business,
j When their salaries, and all other expomes are
! deducted, the K iduin ol the interest received by
I the system collectively, will he the return made lo
the moneyed interest collectively, for the me ol
its capital.
What it ilia'! The dividends give the answer.
It these do not exceed U per rent, on an average,
1 1 1 o boldest and most malignant caviller will nut
complain.
But the average does in point of fact, amount
to 7or H per mill; and this, 1 maintain, is But a
lair remuneration, under all lire circumstances,
for, Ire it remembered, that the moneyed inlcre.t
in k unit, and that the hanking system; its crea
ture, is also a unit. Now il the moneyed inter
est, dispensing with the nso of t.!'e banking sys
tem. were lo lend its whole capital in specie, it
would receive fi per cent.; byway of interest, in
addition (o its principal, all in hard mOi.'ey, and
undepreciated in value. It ut would 0 pot cent,
ho an equal compensation, if hy wear and tear, in
(lie use of tire borrower, the principal had been
reduced in value, hy one or two per rent! Can
it he an equal compensation, when made hy a
process which multiplies the currency, increases
competition among buyers, raises the price of eve
ry article of properly, and thus produces a con
tinued depreciation of the whole capital of the
moneyed interest.
What is the rale of that depreciation ! Who
can estimate il! No man. But while, like the
course of the winds, it defies calculation, the fact
is equally palpable. What memory that goes
back fifty years, may not recall men, who, with
a few hundred pounds of annual income, lived
in honorable independence and abounding hos
pitality 1 What is ilia effective value of a like
income now ? Reduced at least one half. Vet,
within that time, the supply us gold and silver,
instead of rapidly increasing, has notoriously di
minished. The Revolutions of (Spanish America,
have reduced the annual productions fur below
the annual consumption in plate and jewelry.—
Within that nine, 100, the discoveries us science,
the inventions of art, and the improvement ol
manufactures, have more than doubled the facility
us producing almost every article of necessity,
comfort and luxury.
Take Hie case of two men, each of whom, filly
years ago, was worth sloo,ooo—the one in mo
ney, the other in land. We suppose each to
have received six per cent, on his whole capital,
the one in interest, the other in rents. We sup
pose each to have spent his whole income, and
no more ; the one being careful not to break in
on bis capital, lliu other using equal attention for
the preservation of bis property from waste and
dilapidation. They were equal then. They
have spent equally. Neither bus lost or gained
any tiling. Are they equal now 1 Both were
nabobs then, and the land holder is a nabob still,
while the other has dwindled lo a man of ordi
nary properly. What has made Hie difference!
The banking system. Who bears the loss'! Tho
moneyed intercsi, of which the banking system
is die creature. Klmll tins interest, then, which,
for tho convenience of commerce, and lo lire
advantage of every other interest, Iras established
this sysu-in, receive no compensation for the
wear and tear us the capital with which il works!
This is n tax which the moneyed interest levies
upon itself for the purchase of a great commercial
convenience. The other interests pay none of
il. Il is lor their advantage. It is the creditor’s
loss, it is the debtor’s ga n. Were there no
equivalent lor ibis, the moneyed interest would
make il.-ell n martyr to tiro convenience of the
[rvißIi. The slight excess ol interest over six per
cent is the only equivalent. That that is not 100
gieat, is certain. If it were, competition Would
reduce il lo the proper standard.
Tho whole mutter resolves itself into this—
there is nothing wrong, unless tiro moneyed in
letesl, through its creature, the Banking System,
receives more than its due. It has a right lo real
ise six per cent, on its whole capital, and, if it
receives more than this, the excess is, on an ave
rage, not more than a fair equivalent for the de
preciation of capital prodouc ed by the process.
I am aware that no part of this advantage is
chared By those moneyed men who live hy lend
mg their own money in their own private way.
These hear llieir share of lire loss, ami do not
partake ol the equivalent. This may ho one
reason why, us hy a soil of instinct, the usurer is
always among the most malignant enemies ol tho
Banking System. Another reason is, that that
system is Ins great rival, and restrains his e.vtor.
It ms within reasonable hounds, or leaves him
only the bare pickings of those who could not get
credit in the bunk. But lie takes care to indem
nity himself, hy cultivating the prejudice against
the system, und speculating on die alternate Hue
tu itions produced hy the expiration and renewal j
o, trank charters. He must have been a careless i
observer who eaunot remember that the most i
strenuous opponents id the lute Administration of
llris class, vveie won over to its support hv the I
seizure ol the deposites. They studied the scent
(>• carnage, and, Happing their wings cxultmgly,
perched on the banner of tho destroyer.
In truth, the hard money system is the system
for the money, d interest. Establish it, and men
wt I demand llieir debts in h ml money, to the id- |
ter ruin ol the debtor, and of all but tiro moneyed ]
interest. The disposition of that interest lo create
batiks, seems like a (tod :ind lo all tho -est. It
looks lik.* to.nothing prov.i!ouii.-i 1 , a if the
Author of nil good 1m 1 pul it into the heart of
Hurt gn at iulerst lo pto/trie a tin tins by which
others in tint k-vii wen way w.lh it, ami save
tli. m.-elves lio-ti bo.no devoured by it.
hat war.i.il bo tire idled, should every
moneyed mini m tho community withdraw
hunscll'from all connexion with thu banks-,, all
in till h s doll's, ami resolve hoticetorth to to.
eetvo and lo 1 ml nothing but bard money J
An earthquake would bo I.armless in couij-ar
isou with such a ca'a n.ty. The late ofßudom
would be it happy escape from it.
Tho political economist tmdeis’aiuls these
mu'tors .perfectly—none better lliutr the Utili
tarian \\ ha', pity that he docs not use his
I'fnny magatiius to explain them to ins many
treated pupil, instead us exciting Ins malice to
Into the hand that feeds him, and to war
aga list a system which atl’.rds him Ins only
chance of escape from poverty!
1 will not magnify the advantages of such
an institution us 1 have suggested, hy pretend
mg to believe that it might be necessary as a
security aga list a determination, on the part
of the moneyed interest, to lake cure of itself
and leave a'l char interests to do lire same.—
lam satisfied there is no danger of that. The
moneyed interest is also tho commercin' inter,
os’, and H derives from credit, in all its forms
a benefit to the merchant which fully mdom
tubes the money holder. Besides, 1 am not
Hire liinl iht't ■in not law ol! ■ ihimm !
which will never p.rmit niauS.mil to rc.it in
the use of a permanent tiUmlu l of value, li
never has done no nvl in.ver w i. <> ■
jin obedience lo llio pas,-.a.n huj; . .1: --r!-:
u depreciation by sour. 1 means or ol’ t. Men
may thus cboa. th ; i selves into a I.' lief tf.a !
! limy are irntliiijr rich ;r ;und that vv.'i.ch a 1 are
j eager to believe, all are readily brought to be
lieve. Nor is this deception w thont its ad
vantage. It supplies activity to the stimulus
of hope, and, at the same time suggests a ta i
lion a;im.‘l imprudence. Under it s influence
a man seems to liml his wealth a id his expen
ses men a-ng ji.tr i yn.tt. lie presses on
with cheerful alacrity in pursuit of indep u
deuce, nothing doubt ing Ins ultima) • succei ,
if ho can hut bring economy in uni of industry
It must, dnubtle .•, set in idle Ih t I hou
thus discourse to you, sir, on a subject, which
you understand so much better than I. But
m this instance, I acknowledge that I am ad
dressing others through you. Lot mo hope,
then, that these remarks on the I' losopliy it
Banking, may not he considered more out of
place here than were the sophisms they are
mount to expos', when delivered byway of
lecture, to the Senate of the U. S' los. Pre
suming on an example so illustrious, 1 may
perhaps resume the subject.
A rmnrtu ov Ktats: Jliuutn.
Thial op Hath it i; \ fob Fomijeuv —The tri
al of the noted .Mr. Kathhun, of Bulfalo, on one
of iho many indictments found against, him (or his
celebrated forgeries, commenced in the Court ol
Oyer and Terminer at Buffalo, on Tuesday, after
an uiiHiiccesslul attempt on the part ol Ins coun
sel to obtain another postponement on account ol
the absence ofi.yman Kathhun, at Texas.
-J i mggmgg
CMHUNICLE AND SENTINEL.
apchj»taT~
,Saturday .Morning, .July ].|.
"state bights TICKET
foil Ci-'NOIIESS.
WM, C. DAWSON,
It. W. HABERSHAM,
J O ALFORD,
W. T. COLQUITT,
H, A. NISBET,
MARK A. COOPER,
THOMAS BUTLER KINO,
EDWARD .!- BLACK,
LOTT WARREN.
(C/* Wo received no slips from New Orleans
by yeslerday morning’s Express Mail.
(O’ Wo would call attention lo the, advertise'
ment for the sale of iho valuable crop of Cotton
belonging lo the estate of John Fox, dec’d, which
takes place this morning, at Cummings’ ware
house.
Theatre.
To night, for iho second time in Augusta, will
he performed the Grand Nautical Burletla of the
“Deep, Deep Sea,” with the original Music, &c.
It was admirably performed last night, and wo
think will well hear a repetition. Those who
have visited the Theatre, will no doubt, at once,
acknowledge Miss Meadows as one of llie best
juvenile actresses that ever appeared on our
boards. MLssM. is a great favorite, and never
fails to give general satisfaction in any of her
chaiacters. Mr. Hart is an old favorite, and never
fails lo get up something lo pieaso—his friends
should not forget it.
Firo in Itallimoie.
A distinctive fire broke out on iho Dili insl,, in
Baltimore, in a shop on (lie south side of the
Basin, iho property of Charles Reeder, and occu
pied by him as an Iron Foundry, Steam Engine
Manufactory, Black Smith’s shop, &c., the whole
of w hich was cnlitely destroyed ; a row of small
luick buildings on the same block, were also
partially destroyed The loss is estimated at
from one to two hundred thousand dollars, whiejj
lulls entirely on Mr. Reeder, as there was no in
surance. By this calamity, it is said, two hun
dred mechanics are thrown out of employ.
The valuable paper mill el Bradley & Sons, at
Daiisvilie, Livingston county, N. V'., was destroy
ed by lire on the evening of June 23J. Insurance
£ 10,000, which will about cover the loss.
An extract ol a letter from the I’pst Master at
New Vork, stales that the agents of lire steam
ships Great Western and Sirius, consented to
take all letters received there by the mails, with
out any additional postage, until the arrangement
charging frejght on letters,can Lie known through
out the country.
A largo sale of the new Slock of (be Stale
Bank id South t’arolina, was made at auction
in Charleston, on iho 1 Uh. 2000 shares sold at
from 110 to 1! I—the average was 103 81.
The Bulla to Com. Adv. of the (ills inst. says—
•‘The .Imy in the case of B. Ralhbun, whoso
j trial has been going on for several days, havo
Just bro’t m a verdict of NOT GUILTV. When
lac verdict was announced, the court room rang
with applause.
The Vermont State Convention which met at
.Montpelier on iho 30th ult., nominated Silas If-
Jenisim as a candidate tar Govemoi, and David
Camp for Lieut. Governor. They also passed a
resolution recommending the abolish me at of im
prisonment for debt.
1 he coronation vd Queen \ icloria was celebra
ted in Nova Scotia and New Brunswick with
great rejoicing At Halifax, the government hou.
scs, and public and private buildings wcie spleii'
didly illuminated. The celeluation look place
, on the “8 h—(he supposed .lay of die coronation
The President of the United States has recog
j niied James Andrews, as Consul of Greece, for
t the port of Boston.
Extract of a letter received in the city of Charles
ton, dated
Ujrio.N, Grkkxe Cocntt, (Ala.) )
July 3, 1838. 5
‘ U is the prevailing opinion at this tune lhal
there will not ho more than a h»lf a crop ol cot
ton made in Alabama, which will not nett the
planters moic Gum will buy what is absolutely I
necessary, and pay the costs of protests mid duma. I
ges on hank notes and hills of exchange. Mis- j
sissippi money is from 10 to 40 per cent, discount j
here, and still gelling worse. It i, j
j that there is $33,000,000 due lo lire hank.ln ibis 1
slate; there were 1300 cases sued on in Sumter !
county, last court, and it is hdieved there will he |
fully as many next September in tins county.”
I the Ctimmi /(! .Siutmrl,
Jai u-oxnniu',, July KHli, •
Mr, J„m; , —All that I desired, in my commit
nicati .1 in yen ot June lit, was to correct die
statement 1:..;’, you made,” lliui horses could not
Im oi a no I iu Jacksottboru fur luvc nr money, to
dairy lliu express In Savannah.” I pronounce
lire u.i. onion to bo without f.ninJation in truth,
i If your informant can prove by certificate, or
other respectable means, that the above quotation
; is true, 1 will jicld ’o his superior veracity, and
acknowledge myself in error. But he has driven
wide Ids mark, if he supposes that he is at 1 Ircrty
to make ami authorise to he published, slanders,
lor hi. own intercut, and mutely to screen his •
want of ability or inclination to continue ott with
an express that he was very anxious to get lid
of, hy palming the failure upon the people of
Jucksonlioro, when it was his own fault, Ins own
’ utter negligence and indifference, that caused \
the failure.
V. ho your informant is, or what he is, I know
nothing, and care less ; hut would advise the
people of Augusta, when they dosito another ex
i press sent to Savannah, to depend upon some
| person who is competent, and cun keep perfectly
sober, or, at least, sober enough to tell hisetrand |
and who is not stopping at every house on the
road, delaying his lime, and incapacitating him
self from the performance of what his employers
expect at his hands. JOSHUA PERKY.
Mu. Jones.—Having boon called on by Mr.
i J. I’crry to stale what I know concerning the two
communications that I noticed in your paper of
the lid inst., between Mr. Solomon McGowan,
and Mr. Perry, I state fur the information of all
| concerned. Mr. Gowan came to ray house in
I Jacksonshoro’ some lime in the latter part of Juno
j last, at about 11 o’clock at night, and requested
|of me a horse to go on to Savannah, as ho had
been disappointed in his expectation of overla.
| king the stage at my house, it being the supper
| house; but the stage had left at about 8 o’clock.
He stated that he had an express to me, but did
not state the nature of the express at that time,
but did, after writing his letter, and I regretted very
j much that I could not furnish him with a horse,
as I had loaned out my saddle horse that evening
or lie should have had a horse with the greatest
of pleasure, and I had no other horses hero short
of my plantation, which was some miles distant,
hut staled ti.at I thought Mr. Perry had. Mr.
Gowan then sCc’Olfld to consent to give up his
route, as his horse was tired, and requested of
me to furnish him will, paper, pen, and ink, to
write back to Augusta, and accordingly was fur,
nishcJ with the same, after witting his loiter, he
requested a boy of me to go with Jl'Di to show
him the Post Office, I did so, after , v cturning
said ho had got Mr. Perry up, and succeeded in
mailing bis letter, which was then about 13 o’-
clock. Mr. Gowan then went to bed, and iu the i
morning returned fur Augusta.
JACOB Pi RYAN.
tipper Cautulu.
The accounts oi ibo movements in the London
district which we published this morning, is con
i firmed by advices received at Montreal on the
4lh.—The number of men who hud landed is
stated at 800. —The “fdi regiment was ordered
from Toronto to Hamilton on the receipt ot the
news. Twenty one prisoners were brought from
Drummondsvillc on the a'Jth till, to Toronto. The
names of twelve of them are given below.
From Connecticut, Samuel Chandler; from
Pennsylvania, Jas. Merman, Win Reynolds; from
the stale of New York, Garret Van Camp, Jjcw,
is M Miller, Geo Coorloy, Norman Mallory, J,o
ten Hedger, Solomon Kemp; from Scotland, Geo.
Ifucli, Jus Gunnel, Murdock McFaddon.
I'ho steamer Experiment belonging to James
Lockhart, Esq. of Niagara, it is said, has been
purchased by Government, and will bo manned
j by the Naval force lately seat up from the ships
ul war at Quebec,
.IfaocitviLLE Moving Off.—Wo have had
occasion frequently to allude to the constant em
igration which is taking place from this Di.-:triel
to tfie Fur West. It seems however, that the
moving spirit, which has taken possossi in of so
many of our inhabitants, is no longer to bo confi
ned to individual ot insulated cases, but has sou
zed them eu masse,
A public meeting lias been held, within the
I last few days, at Portland, in the township ot
| Basliml, at which, wo have been informed, not
1 less than the heads of sixty families subscribed
i their names as intended emigrants.—The sum of
400 dollars was subscribed to defray the expense
of sending two agents to the “land of promise,”
in order to lay out the site far the intended loca
lion el the emigrants. Messrs. Peter Brasso and
Duncan Campbell were, wo understand, chosen
agents, and have already sot out on their mission.
— ,Statesman, Jmw 3 0.
Lower Canada.
.From the .Montreal Courier July bib.
Misstsauui FuoNTimi,—The detachment of
50 of the Volunteer Cavalry in this direction yes- |
tetday afternoon, of course gave occasion to rumor j
to play her usual tricks in town. We have not, j
however, been able to learn, that airy thing ocur- i
ted yesterday along the line, to justify lire appro- }
hensinns previously entertained. An assembly of 1
. persons .a reported to have been gathered logeth- (
or in the morning, near Swanton, a little way be
yond tire lino; and they were burning powder |
1 after the prescribed fashion of the 4th of July;
, hut there was no good reason to suppose they had
any further object than that of making the usual
quantum oi noise, meet for so high a holiday.
The Communications between Major Williams
commanding on our side of the line, and Major
Churchill, commanding on the American side, arc
understood to he very satisfactory. The Ameri
can regular force is, however, very weak. On
the Missisquoi side, as we stated yesterday, the
, preparations are quite ample ; especially now that
( the Cavalry arc out, to keep up the eommunica
j tuns.
Trout the Old Quebec Gazette.
His Excellency the Governor General will leave
I Quebec on \\ edne-day the 4th July, in the John
find steamer upon the tour of inspection which it
is Ins intention to take throughout the Uvo Prov.
mces ot Upper ana Lower Canada. As it is the
Noble Earl s mtentio;, to visit the defences up.
on the whole of our frontier line, ho will he ac
companied hy Sir Charles Poget, the Vice Admi
fal upon the station, and .Sir John Colborne,
Commander of the Forces. Sir Charles Paget
will proceed to morrow in H, M. s. Medea to
Montreal, where he will await the arrival of tiro
Earl of Durham, His Excellency will remain,is
, understood, three or four days in Montreal. He
I will then proceed at once to Kingston, U. C.
thence to Toronto, minutely inspecting the defen.
ccs naval as well as military, by lire wav. Up
on his if turn, his Excellency will probably devi.
I ate materially from the d rect course to visit such
portions ot the Provinces as may seem to require
j his presence.
[from llu: Quebec Mercury, July 3J.j
Wollied Nelson, Robert Shore Milner Bom
chcllc, Bonavcnture Vigor . Simon Marchessauil, j
Hi-nry .VjjJi. ii e (lausin, Teuissaint Geddu, Ilo
t!«>!ph»s I>cs Ri-ier-,nnd Luc ilyacinthe Mason,
arrived from Monireal at live o’clock this morn.,
mg in iho steamer Canada and were, without
landing, placed in safe custody, on board 11. M.
S. Vestal, under sailing orders for liennuda.
From tlm .V. V. Kxpress July 9.
Money .Market.
The Philadelphia Banks have, one and all,
agreed to resume specie payments on Iho Ist ol
August. This news has given great satisfaction
in Wall street. Exchange on Philadelphia rose
immediately to 1 per cent, and was in great de
mand. This is lire most important feature in the
Money Market that has occurred since Iho gene
ral suspension. The era of a return to a sound
specie currency has now really commenced in
earnest. Ml the Southern Banks will follow
with as much rapidity as possible.
Philadelphia, July 9.
For the same reasons which were operating
yesterday, the sock market is exceedingly dull
and uncertain—quotations id' prices would only
lead astray, as a demand for a very Jew hundred
shares ol any stock, or an order to sell them,
would produce an immediate change for the hel
ler or the worse. The course which the Banks
may pursue in prospect of a resumption, excites
much anxiety in the public mind, anu few persons
dare to opera to without more secure datas.
_ Exchange on New York $ to J premium ;
Treasury notes according to dates or rales of in •
ercst, vary from -J to 1
Wo learn that the Insurance offices of Phila
delphia lose about $34,000 by the loss ol the ship
Julia, which vessel was destroyed by lire on the
22d ult. and $13,000 by the loss of the barque
Oltowa. For what are called summer risks,
which arc always taken at a low premium, this is
doing pretty well, these losses being equal to the
premium on upwards of $3,000,000 worth of pro
perty, charged on the risks, in the course of which
these losses happened.
Texas ami Great Britain.—The informa
tion communicated by the subjoined paragraph,
which wo find in a Texian newspaper lately re
ceived at this office, is new to us, though of ra.
thr-r old date. New or old, it is of sufficient con.-
scquencc to deserve the attention of our readers:
Houston, (Texas,) June 8.
We arc extremely gratified to learn that Gen.
Henderson, our diplomatic agent near Iho Govern
ment of Great Britain, has succeeded in ellecling
a commercial arrangement with that Government,
whereby Texian vessels and cargoes will he ad
mitted into the ports of Great Britain, and a di
rect trade opened between the two countries.—
National Intelligencer.
_ •
The Cherokees.—A letter from Major Gen
Scott to the Governor of Tennessee, under date
of 22d Juno, says—
I have much pleasure in saying to your Excel
lency, that ol the Cherokees who yet remained in
the country, on the 24th nil. probably more than
three fourths have already been collected for em
igration by the troops under my command. The
other fourth, it is expected, will be collected in
eight or ten days more.
About 3,001) were sent ofi to the West between
the Island 17th inst., when, apprehending that
the warm season might prove highly injurious to
the Indians, I was induced to suspend a farther
emigration until the first of September next.
In the meantime, I propose to hold all the In
I diaus yet to be emigrated, guarded by regular
I troops, at and around this plate, Boss’ and Gun
ter’s Handing.
Gen. Scott adds in a postscript that ho had
commenced the discharge of the Tennessee Mili
tia under his command.
[From the A atioiuil Intelligencer-]
Tin; Head of the Pulaski.— -Tire following
appropriate and touching- remarks were made
iu the course of a sermon on the superintend
ing-providence of the Creator, delivered by
the Rev. S. G. Bulfinch, in the Unitarian
Church in lids city, the Sunday afternews had
been received of the loss of the steamer
j Pulaski. Tire preacher, having long resided
in the South, was enabled to speak with per
sonal knowledge of many among the victims
ofthw awful event. The extract has been com
municated for publication at the request of
several gentlemen who were present at the
delivery of the sermon:
“U hen, as at the present time, the sympa
thies ol a nation are‘called forth by an event
which has filed hundreds ofhearts with agony;
witen suddenly whole families have been sum
moned f rom this life, and the honored, the [en
ergetic, the lovely, the innocent, have found
a common grave in the depths of the ocean, it
is only in the recognition of a Supreme Dis
posing Power that we can find aught to cheer
us in the saddening view which is thus pre
sented ol human destiny, i.ong will exten
sive portions ol our community feel the loss of
those to whose wisdom and public spirit they
had entrusted interests of high importance.
j Long will many a h'eait feel a pang- in the
I memory of the wise and kind physician now
no more. Long will they who have, in previ
ous, afflictions, listened to the consolations of
the faithful pastor,* think sadly on that spot of
the wild ocean where eloquence and piety
i found an early grave. And long, when the
j young and the lovely meet, will the bright and
I innocent smile of youth be saddened at the
I remembrance ol those, as young and as lovely
j as they, whom none shall behold again till the
I sea gives up its dead. They are gone! and
I one to whom many of them were well known j
| may be permitted to testify that a richer har
| vest of all that was noble and lovely in charac-1
ter, has seldom, with equal suddenness, been
: gathered into the treasure.house of God. But
was not His providence there? Yes; though
iheir prayers seemed to rise in vain, let none
j believe that the Creator, in that awful hour,
1 beheld not his suffering children. He heard
I their cries; He witnessed their distress; and
■ though He interrupted not the order of Nature
for their rescue, we may yet believe that Ho
was present I ) sustain the courage and strength
of the survivors, and to receive the dying to I
to that mercy which they then with agony invo- !
j kcd. While we take warning to be re?.;V- for '
that hour which may come to n-q - wc
| commend to the Father of j" humblc
| trust, the spirit of His children; and in this
.and m a 1 his tli.ipcnsaiioiis, we acknow.
1 ledge and sw'le ilie God of Providence.
| 11’ Hundred Dollars Reward—Go.
1 v ‘-mor Ritncr has utll-red a reward of $5OO (if la
' ken out of the county) for the apprehension of
j Jos. McCormick, who murdered Pliny D. Well.-,
I Deputy Sheriff of Pittsburgh. A reward of two
hundred and fifty dollars will be given if ho is
token in the county of Alleghany. In addition
to the reward ollered by the Governor, the Shorilf
has offered two hundred dollars lor the apprehen
sion of McCormick. The murderer is about
twenty five years of age, round shoulJc:cd, well
made, and about five feet nitre inches in height,
fair complexion, light brown hair, has lost a front
tooth from his upper jaw, and has had a small
piece bitten out of the lop ol ono of his cars; ho
has recently been wounded in the back with a
dirk. Ho is represented to boa man of despe.
rale courage.
Distressing Casualty at Schenectady.
The closing anniversary festivities at Schenecta
dy were interrupted by a most painful occurrence,
i'here was a display of fireworks from a canal
boat tit the Basin. By some fatality, the particu
lars ol which we have not heard, an explosion of
the rockets lock place on hoard the boat, the deck
| of which was crowded with citizens, many of
whom jumped or were thrown into (he Basin.
J wo bodies had been found, and as other persons
uere missing, it was feared that they were also
drove nod.
i :n; Mkhciiaxts Bank or Ualtimoiik ha*
declared a dividend ul six and u half per cent for
the last six months.
Wkst Point Caiii.ts.—Nineteen of the
graduates have been ordered to join their respec
tive Peginicnts on llto Frontier and elsewhere
the residue are awaiting orders.
*’ llcn sorrows come, they come not single spies,
fiat by battalions.”
lion. Arthur Livermore, of Campion, in Mas
sacluisetls, well known as formerly a Judge of
our Courts, as well as a member of Congress,
lias recently been eevcicly afflicted. He had a
•on on board the Pulaski, and anoihcr killed at
Plymouth lasi week, by lightning striking lbs
Academy.— Uoslon Atlas.
MA KINE miiI.UtiUXCK. '
\V \NNAH, 12.—< | ami,ship titeriling, Stin-
Isi v. rjn»v/l ( s|iij» l.iiiicashii-.-, Alexander. Liverpool,
>Uip < i :it! , Kilcy, Liu rpool.
Arrived, hr Savannah, Livmn re, New Yori.*.
D. |kh led, sieaiiiliual I’orcsti r, Drake, Gari ys I ci ry.
CIIAULLo 1 HN, .July 15, —Ar yesterday, sclir Hope.
Moore, Alccandrm , D C.
In the oiling—ship Sarah Slienfe, from
Cid, barque Champion, Warren, Liverpool; brig Laii
eet, Jl, ngs, Havana; Line brig Gtn Aianon; Delano.
Baltimore. *
Went to sen. Line Nation, Udano, Baltimore
steam pucki t Georgia, Kollins, tic,
iM-oiit this port—steamer Win Gaston, Freeland, Balti
more, 1
iAr During my absence from the State, William
11. Cushney and Nathaniel Patton, are my author
iscd agents, lor the transaction of business connect*
ed with the ofllcoof the Chronicle & Sentinel.
WILLIAM E. JONES.
Augusta, July 7,183 S
Camp Meetings.
Jefferson, at Mt. Morioh—begin 20th July
conclude on the morning of the 25th,
Lincoln, Wheat’s Camp Ground—begin the
night of the 25th, conclude on the morning ot
the 30ih. B
Warren, near Warrenton—begin Ist August
at night, conclude the morning of the Gth.
County, Limestone—begin the
10th at night, conclude the morning of the Isth.
tl'ilhes, Independence—begin the night of the
17lh conclude the morning 22nd.
Columbia, While Oak—begin the night of.tho
22nd, conclude the morning of the 271 h.
near Sparta,— begin on (benight of
01st conclude the morning of the sth September
iVf EIV VUIILIGATIONS, just received by
tKichards ty Sloy. Calderon the Courtier,
by B. L. Hulwer, author of Alice, &c. “Sketches
Iroiu our Parish,” by Boz, Nos. 1,2 and 3, illustra
ted by Cmikshauk. Gleanings in Europe, “Italy,”
by Cooper. “Jane Lomax,” era mother’s crime,
by the author of Urainbletyo liouse, &e. Memoirs
nl “Sir William Knighton, with ids correspon
dence," by Lady Knighton. July 14
STEEL. KLIIS FOB COTTON GINS.'
NEW INVENTION.
subscriber lias just received a supply of the
LATENT RIBS for Colton Gins, which
have been spoken so highly of wherever they have
been tried throughout the Cotton Growing stales.
These Kills are so constructed that one set will last
twenty years or more,and be constantly in use, by
having an extra set of Cast Steel faces. The laces
are made to lit on the front of the Kibs, where the
Saws pass through, and in so simple a manner that
any person can put them on. The subscriber will
always keep a supply of Gins cm hand of llieabove
description. WILLIAM JUNES,
A Awdoors above the Dliner Market.
_.ln!y 13 U
' DAWltiVi ■ C AuL IGNE, juVl in
’*-■* '■ * eeived, and tor side by
jJuly 10 JOHN S. HUTCHINSON.
Pi;TIT GULF COTTON SEEH.
HA \ K a flew hundred bushels ol the above
, Cotton Seed, which is genuine. Planters wii'o
desire to improve the Colton crop, would do well
to eali innocdiately. Also, n smaJl lot of unmixed
Nankeen Cotton Seed, lor sale
/i' 1 ; 1 ’'2 35 A. GUMMING.
llio Constitutionalist will copy the above
v. A/ H'.JLCOJJ id A GLEN oilers tor sale on
» » reasonable terms
. 50000 lbs prime Bacon, ass’d Hams, Shoulders
and Sides
JO bbls do Pork
00 bugs gr..en Cuba Coffee
20 mats old Java t bffee
25 bids Virginia Flour
30 boxes Sperm < 'audios
100 pices heavy Kentucky Baggin<r
150 do prime Hemp do °
150 kegs Nails, ass’d sizes
A few boxes very superior white Havana Sugar
blown, Ground ami Alum Sait, Cotton Osiiaburas'
Ac. &e. °
_ J'oT-s Comer, June 11, 1838. *w4w.
11. VV. FORCE & CO.
WIIOLENALE SHOE DEALERS,
b Vl , . lirm '<l st. Augusta, Ga.
F ‘i ” * ‘ 1( : 100 b packages Hoots and Shoos
a. comprising every article in the line ; which '
can be sold as low as iiuho Northern cities. All ar
rangements being "with Manufactures direct. A
Pcii oral assortment of LEATH EKS. april 24
, A HLAIiLTON’S KEPORTN.—Reports of
V-' decisions made in the Superior Courts of the
Eastern District of Georgia, by Judges Herrien, T
,'f • < „ r, !? l ri ’ " ayne, Davies, Law, Nieoll, and
I Robert M. Charlton, and in the Middle Circuit by
i humus 11. P Charlton; by Robert M. Charlton.
late .bulge ol the Superior Courts of the Eastern
District, just published ami lur sale by
. - lmie LI T. H <fel. C PLANT.
f'RENCM musmnsT
i ’V HHEAU have received, this day,
I c ”om Vw-.York, a large supply of splendid
i I rejieh Muslins, of the latest Pans styles winch
; nave neon carefully select eel from recent importa
tions, and are entirely new patterns The public
arc ivspoeiluliy requested to call and examine tlism
aprd J 2
1 IWClNJES#—Coimretenfr ar
,7/ having h *en made, Family and
1 nj sieians 1 resenjnions can be had at all Jiou'-s of
Hie nij;!it, and on the Sahha/li, so far as necessity
may demand, at Apothecary I fall, ISV. i>/,2 Proad-st
"‘sLL,,, . , A ' vr o:-;v& Haines.
lhore 18 oell at the door. _
gTKEN'A-HENINe PLASTERS, pro
j, r a :.jtl for pains, weakness in the breast side
bach, or limbs, .Vie, ihcy will give almost immediate
and soutliin ; relief, and (iir pleasantness, safely,
eas.', and certainly, are decidedly superior to most
other remedies. For sale by
ANTONY & HAINES,
april 83 333 Broad street.
PRIVATE BOARDING MOUSE,
j lb'. W i LLI AMS having taken that cotnmo
*- dions house, formerly occupied by Jiiijor
Staii.cs, 147 Broad street, a few doors below the
k.aglo and Phoenix Hotel, is now prepared to accont
modntoa lew gentlemen vviiii board and lodging,
april ifi tl
b 11 -1‘ subscriber not having bo" notified ol tire
-fl- arrangement to remove' Bl i I P.AND, jr. to
Statoburgb, S. C. he had adverb- .. him to stand at
Augusta the present season, but such is the call far
his return to South Carolina, that his presence there
cannot be dispensed with, and which will account
for his not standing here, as he had expected.
»Pt‘l « It HENRY DALBY
WANTED TO PURCHASE, '
•J I J or at) likely young Negroes, for width good
vWCf prices will be paid, in cash, by
<!«■ 20 207 wtf J. & D. MORRISON.
JIIST RECEIVED and for sale by A NJR |
LEY, *■
SOOprs. Georgia Nankeen Pantaloons
5 cases do Nankeens, <|ualily superior to any
ever offered in this market.
Notes of theVVcsteru Hank of Rome taken at
_ May Ifi
PIIOTKO t'ioS I NHL HA NCtTcTJMPAN » .
r | \HE undersigned, agents ol the Protection In
2 surancc Company of Hartford, Connceiicti 1
are prepared to insure buildings and their contents
against loss or damage by firs on the most reasoim
ble terms. VP, A J, G.CATLIN.
Oft 31 dll 250