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I WILLIAM E. JONES. AUGUSTA, Ga. TUESDAY MORNING, MARCH 26 1839 ~
- - - - « ■■ ’ ‘ ’ VoL. 111. No. HR.
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CHRONICLE AND SENTINEL.
ATI GUST A.
MONDAY MORNING, MARCH 25.
Cj* No Northern Mail last night.
The health office report for the city of Phila- ;
dclphia, for the year 1838, states that there were
during that period 7,780 births, and 5,462 deaths.
Os the births 3,983 worn males, and 3,798 fe
males—of the deaths 2,969 were males, and 2,493
females.
Adam Eskfeldt, who was appointed by Wash
ington, chief coiner of the United States mint, and
continued in office by each successive president
has resigned his situation.
The prisoners taken at Prescott, Lower Canada,
after the battle of Windmill Point, have all had
their trials before the Court Martial at Kingston,
which has adjourned. Os the 184 persons taken,2o
have been executed, 5 pardoned, 4 acquitted, and
ICO remain in prison under sentence of death.
From the New-York Herald of the IS th.
illoney market.
The storm which threatens again to overwhelm
the monetary system of the country is rapidly
gathering force. Capitalists and financial men
seem aware of the approaching danger; but
through utter ignorance of the course of events,
are entirely unable to say from what quarter it may
•be expected. They feel that they are borne down
! by some invisible power; but do not know
'whence that power proceeds. There are a very
;few of the leading financiers who are in the secret
or that understand the true position of the raone
ttary system of this country at the present moment.
We have said the position of allairs now is
to that of the spring 1837. We might
add infinitely worse. The whole of the Southern
and South Western institutions are pressed down
by the wreck of the revulsion of 1836-7. At
that time, when men began to look about them ;
for a remedy, the banks of these sections, in order I
to furnish the community with the necessary ex- :
change on New York and Liverpool drawn
against cotton. The great fall of the staple and
ithe condition of the New York market caused
most of those bills to go back protested, thus
obliging the banks largely to increase their loans
in order to facilitate the settlement of the pro
tested bills. It was the debt thus created which !
presented such an obstacle in the way of resump- •
lion, and which, as indicated in the letter of Mr.
Biddle, would require another crop, or perhaps
two, to liquidate.
In the meantime the successful clearing away
of our foreign debt, under the guidance of Mr.
Biddle, creating a high reputation for our Ameri
can securities, opened to view another resource
by which the desideratum of resumption might be
much sooner obtained.
The following table will show the position of
the banks of the South and West at the period of
resumption.
BANKS NEAR JANUARY, 1839.
Cir. 4- Stocks in
Loans. Specie, dep. London.
Michigan. 2,600,452 265,829 1,495,295 2,000,000
Alabama 25,812,584 1,687,046 11,699,276 2,000,000
Georgia 15,772,770 3,232 274 7,955,823 1,000,000
Indiana 4,532,965 1,345,832 3,442,412 1,000,(00
Kenthc’y 12,017,347 1,613,383 7,104.750 500,000
Louis. 56,855.610 3,987 697 13,937,719 800,000
Miss. 18,191,047 348,127 8,586,175 3,000,000
Maryland 13,567.348 1,372.008 6,307.599 1,000,000
S Carolina 15,387,020 2,000,149 7,298,810 2,000.000
Virginia 16,236,429 2,270,367 11,015,007
By this table we perceive that the immediate
liabilities, circulation and deposites, bear hut a ve
*»y small proportion to the amount under the head
*of loans, a great proportion of which, from the
above cause, was not available.
We also find that the amount of stocks held in
London on account of each state is nearly or quite
equal to the suspended debt of the hanks of such
state. The period of resumption, Ist of January,
was an untoward one, in as much as at that sca
sin the demand for northern funds for the pur
chase of goods commences. To meet this ex
pected demand, sterling bills to a large amount
Were drawn prematurely against these stocks, in
full confidence of their sale, and with the design
of realising the proceeds at the carli st possible
day.
At tills time, the guidance of affairs passed from
Mr. Biddle into the hands of those who hut su
perficially understood the situation of the coun
try. Through the original movers of the ‘'Bank
of Commerce,” and others, have passed most of
the hills drawn, and to their charge was commit
ted the success of the enterprise, which was to
c ntinue to the commerce of the country the
bright prospects opened to v cw by Mr. Biddle’s
success. What is the result I But a few weeks
have elapsed, and the elements arc already in mo
tion, which will involve the whole in one com
mon ruin, and the southern banks must sink un
der a fresh intlux of protested paper and ruined
credit at home and abroad. 'The hanks of this
city and Philadelphia, not choosing to risk a situ
ation in which they might he again obliged to
suspend, have not seconded the movement, but
have rigorously curtailed. Hence the impossi
bility of eficcling the sale of the Philadelphia
I stocks, recently attempted by the Governor of
that State, for purposes of internal improvement.
A like result must attend the disposal of all the
stocks recently created by the different stales
jr'fhe $4,000,600 loan of Illinois, the §5,000,000
of Virginia, the §2,000,000 ol Massachusetts,
and the §2,000,000 of Mississippi—transferred
from the “Planter’s Bank” to be sold for the bene
fit of the Miss ssippi Rail Road Company—as
also the §1,000,000 loan, of the N. Y. Canal
Commissioners, musl all meet with a similar fate.
Neithei banks nor capitalists will touch them in
the present prospect of affairs. The consequence
will be a stoppage of all state improvement?.
Should the recommendation of Gov. Porter,
with regard to the sale of the hank stocks, be car
ried out. au immediate crash and panic will be the j
result, or should application he made to the U. S.
Bank te take the loan, that institution would he
obliged to curtail to effect it, producing a ruinous
pressure in the Philadelphia market. A resolu
tion is now before the legislature of that state re
quiring tile banks in accordance with a law passed
25th ol March, 1824, to loun to the Common
wealth one fifth of their capital paid in. Should
this become a law its operation will he still more
disastrous.
The difficulties have all grown out of the mis
management of the boundary question. To the
importance of this question Mr. Biddle alone was
seemingly alive; accordingly we find him on the
flour of Congress during the delivery by his brother
the member from Pennsylvania, of the only sen
sible speech upon the subject, while the commer
cial representatives of the Wall-street clique were
madly jeopardising the §70,000,000 of southern
stocks, now in the London market, and through
that the welfare of the country, for the sake of a
bit of land in the state of Maine, worth perhaps
one-twelfth part of that sum. The efforts of
these gentry to bring on a war, will not fail to ex
rite the sympathies of a large class of persons in
England, whose interest it is to discourage, the
consumption of articles of American growth in
order to open a wider field to British East ludia\
colonial produce. Tho abolitionists in England
will also throw their influence into the scale.—
Tho excitement thus created will he a death blow
to American trade, whatever may be the final
event of the mere boundary question.
New Youk, March 18.
There is nothing from Maine that is worth re
peating, later than tho intelligence published be
low. The prospect is that the flurry will soon
be over.
The Maine House of Representatives on Tues
day passed a resolve, appropriating §lO,OOO to
open a road from Houlton to the Aroostook River
—passed to the engrossed.
Correspondence of the Journal of Commerce.
Aubusta, (Maine) March 13.
Gov. Fairfield yesterday communicated to the
Legislature the result of his long deliberations up
on the President's Message and the protocol ol
Messrs. Fox and Forsyth.
[Here follows an out line of the Message, which
we omit, having already published the substance
of it, including some extracts.]
After hearing the message read, and reflecting
upon the facts which have recently transpired, it
is difficult to decide what it is really the intention
of the Executive ortho party in power to do.
Col. Jarvis, the Provisional Land Agent, is
now here from the Aroostook, and stated at the
Democratic State Convention held in the Repre
sentatives' Hall last evening, that lie has dischar
ged six companies of his forces, considering them
unnecessary in the present state ofaliairs. It is
said however, that he has discharged only the vol
unteers, they being more expensive than the mil
itia. There are about one thousand militia from
Oxford, Cumberland and Somerset hero now,
waiting orders.
I have information from souicesto be relied on,
that the Governor and Council are unanimously
in favor of Daniel Webster as the Special Envoy
to England. This would meet the views of all
parties in Maine, if the appointment ermld bn |
made.
P. S.—The Democratic State Convention of j
course renominated Gov. Fairfield for rc-clection. j
From the New York Commercial Advertiser. |
From Guatemala.
We have accounts from the city of Guatemala |
to the 23d of January. Carrera’s insurrection 1
was drawing to a close. His cause may have j
been considered as desperate since his defeat at j
Villanueva, where, we have already mentioned, !
Col. Galindo was wounded, at the head of the di- ‘
vision of Old Guatemala.
A convention of the State of Guatemala was i
about to meet in that city. Tho MarcjWs of Ay- |
cinena (long a resident in the United States,) is 1
elected a member for Caban. Col. Galindo, for j
Peten, and Dr. Galvcs for Cajabon.
The new constitution for Nicaragua has been j
promulgated. It claims for the commonwealth
the coast of the Caribbean from Point Patook to
the principal mouth of the river San Juan. The
Governor of tho State has the title of director.
General Morasan’s term of Presidency expires
in March, 1839. At the date of our advices lie
was in the city ofGuatcmala.
From the Baltimore American.
A View of the Relation between Cur
reucy and Property.
Since the failure on the part of the national
government to supply a national currency, by
regulating commerce and passing laws necessary
thereto, constant discussion has been kept up on
tlie subject of banking credit, and currency.—
In this discussion an almost ceaseless jargon is
heard of wild opinions, and what would seem im
possible among intelligent men, of discordant facts
Among those there is none more misunderstood,
than tlie relation between the currency of the
country, and the property of the country. On
this relation depends the influence which cur
rency has on property. Let us enquire then:
Ist. What is the total amount of currency
used as money in daily business.
On this head the followingis the most recent in
telligence.
Banking. —By the report of the Secretary of
the Treasury and the supplemental documents, the
following view of banking operations for the last
two years is obtained.
Near Jan. 1837. Near Jan. 183-:.
Loans, $525,115,702 §485,031,867
Specie, 97,915,340 34,184,113
Circulation, 149,185,890 110,138,910
Deposits, 127,397,185 84,691,185
From the partial returns the loans about the
first of January 1839, are estimated at §45,000,-
000; specie belonging to banks, §45,000,000;
circulation, §110,000,000; deposits, §93,000,000;
One hundred and ten millioas then is about
the amount of paper currency. It is commonly
supposed that the amount of coin in circulation
is about forty millions. This cannot be exactly
ascertained, but tlie above is nearly correct ac
cording" to the calculation of financiers.
The sum total of currency then actually used,
as money, is one hundred and fifty millions of
dollars. Os this a largo amount of paper cur
rency, is known to he out of use, coming under
the head, in hunk statements, of “Notes of other
Banks” on hand, and therefore locked up as specie
in the vaults. We will disregard this, however,
and suppose one hundred and fifty millions in
use.
2. In the next place, what is the relation of
paper to specie currency 1
The paper currency is supposed to he one hun
dred and ten millions, and the specie in bank for
ty-five millions. Supposing then that Banks
] could rely on no other specie funds, the propor
i tiou of the aggregate paper money to that of spe
i cie is only two and a half to one. Those who
are familiar with the history of banking know that
with so large a specie basis as this, no conceiva
ble convulsion in trade can seriously endanger the
I redemption of the circulation: for under any ra
tional practice in banking, the greater part of the
I circulation is re mned in payment of d/:hts. It
—■
• is thlHlohrrftni of this last principle, in the
1 count ot notes not to he paid at maturity, which
has occasioned all the real and imaginary evils of
the banking system. The non-payment of these
notes compels the bank to pay in specie, notes
which would otherwise have been cancelled by its
discounted paper.
3d. What is the relation between the entire
paper currency of the country, to the property
of the country?
The property of the country can never be ex
actly valued, but we can approximate it by the
official . ssessments which all will admit to be un
der the rial value.
In the slate of New York, the comptroller re
ported the assessed value of properly, real and
personal, in 1837, at six hundred and seventy-two
millions of dollars.
In Massachusetts, the assessed value of proper
ty in 1830, was two hundred and ten millions.
In Pennsylvania, the assessed value in 1835
\^el real and personal estate in the city and county
was one hundred and fifteen mily
lions; comparing this with that of the city oftVbsV
I ork and the relative population and advantages
of the state, we may safely put the value of prop
erty in Pennsylvania at three hundred millions.
It is probably much more.
In Ohio the assessment of 1835, was nearly one
hundred millions. It is notorious that the assess
ment of real estate did not average more than half
the value. Wo may, therefore, reasonably sup
pose the property of the state now much exceeds
one hundred and fifty millions.
In Indiana the estimates made to the Legisla
ture much exceed what we have set down to Ohio.
We may certainly suppose the property of the
state to exceed one hundred millions.
In the live states of New York, Massachusetts,
Pennsylvania, Ohio, and Indiana, we find the to
tal property to exceed in value fourteen hundred
millions of dollars. Leaving out of view the
twelve hundred millions of slave property, we may
fairly infer that all the rest of the Union have pro
perty to at least double what is possessed by these
live stales. Atlcast four thousand millions, then
it is the total property of the country. Compare
with this the circulation. The paper currency is
but one hundred and ten millions, and conrcqucnt
ly the proportion of property to paper currency is
thirty-six to one. The numerical proportion, then
of paper issues to properly is only about three
per cent.
i. Let us next inquire what is the proportion
of currency to annul income.
It is known that the annual consumption of
bread stuffs alone exceeds an equivalent to
20,000,000 of barrels of flour. This is an under
estimate. This aggregate is very little diminished
or increased by exports or imports. Hence this
| may he considered as loss than the annual product
j of bread stuffs. Atari average f six dollars per
barrel, (much below the real average.) this corn
crop is worth one hundred and twenty millions of
| dollars.
It is known that the cotton and sugar crops are
! about one Jui.ndrpf/milt,f\„* ~f Online*. 'p,, thbs
1 add, pork, beef, wool and flax; and the large pro
j fils of manufacturing labor, the clear gains ot sea
j and forests, the products of the dairy and the
i numerous other sources of income, and we have
’ at least four hundred millions ns the annual in
j come of the labor and lands of the people. This
1 too is about ten per cent, on the supposed value of
1 property; and is about the known average income
| of property united to labor,
j The paper currency then is rcidly but little
■ morn than one fourth (not one third) of a year’s
! income of the property, and labor of the United
' States. How, then, can it be that a small in
! crease, or diminution of tlict currency should se
j nously affect the intrinsic vain: of property t In
truth, it does not effect that value io any great ex
tent, but simply creates a temporary want of confi
dence in its stability, which a v.-ry short time, in
variably shows to ba unfounded.
At the present time there is more specie basis
in the country", by far, than has existed in previous
years.
This will be seen by the following statement
of imports and exports of gold and silver.
The following is a statement of the amount, of
Bullion and Specie imported into the United
States, from July 1, 1834, to September 30,1838;
, lIULMOV >, I SPECIE ■,
Gold. Silver. Gold, silver.
In 1834 $147,181 $108,330 $2,786,006 $3,246,069
1835 655,437 763,283 1,669,739 10,040,968
1836 1,913,137 318,360 5,318,725 5,860 669
1837 536,349 694,291 1,895,625 7,490,309
1838 230,694 392,843 11,131,840 5,630,138
3,438,018 2,239,097 23,101,573 32,268,158
EXPORTED.
In 1534 64,349 413,681
1835 625,679 5,122,496
1836 23.777 52,695 275,940 3,634,136
1837 101,563 5,600 1,828,653 2,756,914
1838 2,500 736,264 2,292,342
126,340 60,795 3,430,885 14,309,613
Os the exported specie $2,927,701 was export
ed as American coin.
These returns, it is well enough to remember
arc made up from customs. The Custom House
Collector probably has no means of knowing of
all the specie exported from the United States.—
He has belter means lor finding out the exact
sums imported than the amount exported.
Thus, it appears that from July 1, 1834, to
September 30, 1838, (here was imported into
Me country $44,000,000 more than was export
ed. It also appears, that even in 1837, the year
of suspension, the exports of specie did not
equal the imports. There may be some slight
errors in this return, hut it is rcsouahle to sup
pose, that it presents the general aggregate very
nearly correct. The reason for this, is first, in
1837, we bought less of foreign countries, by
sixty millions of dollars; secondly, we arc an
nually importing foreign capital, in three differ
ent modes: Ist. by State Hands to the amount
of many millions annually; 2d. by the stocks
of incorporated companies sold abroad; and 3d.
by large suras of foreign gold, brought in by thou
sands ot pit igrants. These considerations show
us that while the Internal Improvement system
of the United States, continues to demand foreign
capital, and foreigners arc willing to invest in
American Securities, there cannot he a balance
of trade in coin against ns, and without a
sudden and tin prcccdcntcd instance of overtrading
which however, a single year’s products of the
soil would as it has done, correct.
The result of this view of the relation of cur
rency to propeity in the United States, gives these
facts. Ist. That the total paper currency of the
country does not exceed three per cent, on the
property of the country. 2d. That it is not onc
• third in amount of the annual income of the
i country. 3d. That the specie basis of credit has
recently been much increased, and is sustained by
the annual introduction of foreign capital.—These
1 facts show conclusively, that there has been no
- real ground for alarm to the value of property, or
■ the disturbance of commerce, from the deprecia
tion of paper money in the United States, during
• the last few years.
t The failure to recharter the Bank of the United
I States produced, as was anticipated by k the pru-
s < i ,L ' n *' a convulsive effort on the part of the Stale !
‘ Legislatures to remedy the evil. They have not I
done it, and in all probability they will not bo '
able to do it.
1 In the midst of the extensions of bank circula
tion, we nee the Treasury of the United States
eompe led to become a large dealer in paper mo
ney, by the issue ■and re-issue of its Treasury notes.
This is still continued, and it is difficult to see
what remedy can be found for that, or for the great
irregularities of exchange, except by a resort to
the much abused system of a National bank.
Onto Resoiutioxs.—The following are the
resolutions adopted by a large majority of the pre
sent Ueruocmtic Legislature of Ohio, in relation
to Abolitionism. They weic introduced bv Mr
Hood : ,
Resolved by the General Assembly of the State
of Ohio, That in the opinion of this General As
sembly, ours is a Government of limited powers ;
I that all powers not delegated by the Constitution
are reserved to the people; and that, by the Con
stitution jf the United States, Congress has no
jurisdiction over the institutions of slavery in the
several Slates of the Confederacy.
Resolyid, That the agitation of the subject of
slavery in the non-slavcholding States is, in the
opinion of this General Assembly, attended with
no good; that the amelioration of the condition of
the slaves is not enhanced, and that it is a violation
Pf the faith which ought never to exist among the
States in the same Confederacy.
Resulted, That the schemes of the Abolition
ists for the pretended happiness of the slaves are,
in the opinion of this General Assembly, wild, de
lusive, ami fanatical; and have a direct tendency
to destroy the harmony of the. Union, to rivet the
chain of the slaves, and to destroy the perpetuity
of our free institutions.
Resol fed, That all attempts to abolish slavery
in the Stales of this Union, or “to prohibit the re
moval of slaves from Nlate to State, or to discrimi
nate between tbe institutions of one position of
this country to another, with the views aforesaid,”
are, in the opinion, of this General Assembly, in
“violation of the Constitution of the United States,
and destructive on the fundamental principles on
which rests the union of these States.”
Resolved, That in the opinion of this General
Assembly, it is unwise, impolitic, and inexpedient
to repeal any law now in force, imposing disabili
ties upon black and mulatto persons, that placing
I them upon an equality with the whites, so far as
I the Legislature can do, and indirectly inviting the
Mack population of other Stales to emigrate to
this State, to the manifest injury of the public
interest.
Resolved, That the Governor be requested to
forward copies of these resolutions to the Presi
| dent and Vice President of the United States, to
j each of our Senators and Representatives in Con
gress, and to the Executive of every State in the
Coniederacy.
Ntw-Om.Eixs. March 18.
I'.xxcxeriois ov Johnsuk.—Yesterday at 11
o’clock, Johnson, one of the individuals concern
| ed in the Girod street murder last summer, was
j executed uear the City Prison, in pursuance of
the sentence of the court. Ho seemed to meet
his fate with great firmness. On being asked by
the sheriff a short time before his execution, if he
had any thing to say. he answered in the negative.
He was then asked it he wanted any thing, when
? he replied he wanted a glass of wine. The wine I
was handed him and he drank. We were infor
med that previous to being taken to tbe gallaws,
ho continued that he hud murdered his own broth
er in Qjcbcc, and was once concerned in the mur
der of a whole crew at sea. He would have been
just twenty years of age this day,
Mocfiuxt-nt-uiM, Manufact i a t. .--The
Glasgow ponstitutional says:—“The mousaelanc
de-laine Ras first introduced into this country i
about three years ago, in a fabric composed wholly
of wool, within the reach only of the wealthier
classes. To meet, however, the pretensions of
all ranks in society, a mixed fabric, consisting of
cotton and wool, vas substituted, coarser wool be- 1
ing employed ; am', the trade having got into a
great number of hands, the moussclaine-dclaine
may now adorn the person of any one who can
command the price of a common chintz. For
merly immense quantities were imported from
France, on payment of a heavy duty, and when
first introduced, sold at most extravagant prices;
but now the foreign goods have been met with
such active opposition from the British manufac
ture, that they are nearly altogether driven out of
the market. France has always had the reput o
tion ol producing the finest goods in the world,
and had our Gaelic neighbors not met with such
powerful competitors in the British, they might,
for a long time, and for the higher description of
goods, have commanded a complete monopoly of
the British niaikct. At this moment the number
of hands engaged in this trade is enormous. Be
sides those who are occupied at the printing table,
a groat proportion, nearly one half of the hand
loom weavers of Scotland, arc in full operation
in manufacturing the cloth; in almost all the
small villages in the west there is scarcely a loom
idle, and we are pretty safe in saying, that there is
not a respectable dealer who will find any’ diffi
culty in obtaining employment from the rnonsse
lane-dehiine manufacturers. This trade has given
a mighty impulse to the wool trade, hut at the
same time, it has considerably weakened the hands
of the cotton spinners, who arc completing of
small demands for particular sorts of. their
r yarns. Besides other important attributes, they
possess the intrinsic advantage—they do not at all
ignite on coming in contact with the llamc like
muslin or calicoes.”
Sci.FeTKii WELEKntsms.—“Things will out
sometimes,” as the terrier said to the rat ven he
drawed him.
"A small matter of business,” as the hangman
said to the culprit ven he fitted the halter.
“yuiet enough now,” us the chap said ven he
cut the old voman's head off.
“It’s all down hill work,” us the man said yen
he fell out of the balloon. /
“Know me better, like me more,” as thejifx
s * said to the turkey poult as he could not reach.
“All living creatures has got feeling,” as the
lobster said to the cook ven she vas Idling him.
“ I’m Mow’d if I’m as fond of you as you seem
to be of me,” as the oyster said to the loafer ven
he down’d him.
"I should rather think not,” as the goose said
ven the fox asked him to supper.
Consignees per South Cnrolinn Hail Koad
Hamiu no, March 22,1839.
Stovall, Simmons k Co., Reese & Beall, T. Daw
son, Gould &■ Bulk'ey, Baird & Rowland, Uaviland,
Risly & Co., Gerard & J., I. S. Beers &; Co., A.
Camming, Moore k Davis, T. Davis, A. Frederick,
p. Flemming, Tripp k T., Hopkins, Jennings*
Co., M. O’Brien. John Phlmzcy, A. B. Butler, H. 1,.
I Jeffers, George Parrott,.l. F. Benson, H. W. Sulli
van, M. B. Smith, Perritt k Young.
COMMERCIAL.
Charleston, March 23.
Coltun. 'I he sales of the past, when compared
with those of the previous week, arc light, amount
ing only to about 3780 bales, at from 14 to 17* cts.
per lb. The same disposition has been shewn hy
buyers to operate as stated in our review of the
Kith inst., which, however, has been followed br
ibe like result. Holders would not submit to a de
cline, but, on the contrary, were asking higher pri
ces, which were generally given by those who had
unlimited orders to fill, and who have been the
Principal dealers. In the middling and low qualities
the market has advanced about *, while in good and
choice, which are scarce, the improvement lias been
about * ct. per lb. on the currency of the previous
week. The transactions in Sea Island embrace
about 314 bales, at from 43 to 60 cents per lb. The
majority of these sales have been made at a decline
of from 3 to 5 cents per lb. on transactions reported
about a mouth since.
Hire.—' The sales of the week have been light,
and our present quotations have with difficulty been
maintained. The arrivals are much more than
equal to the demand, and as holders will not give
way in price, the article has been stored for want
of purchasers. About 200 tierces have changed
hands since our last, at the following prices 130
at 4*; 200 at 4jj, 143 at 4 7-10; 429 at 4* ; SI4
at 4 9-1 G ; 68 at 4J j 27 at 4 11-16: with 171 at
S4J per 100.
Grain —The receipts of corn since our last, have
been 26,000 bushels, a portion of wlqVh lias been
sold at prices ranging from 78 to 84 cts per bushel.
There arc several cargoes still afloat unsold. A
large quantity of Maryland and Virginia i ats have
also been received and sold at from W<o 48 cts. —
$1 per bushel has been offered lor a lot >f ]’oas and
refused. The arrivals of ti.e week ijay have
been taken at 1 and 1* per 100’ ,'hs.
Flour— -Our Flour market has been very oi'ottled
throughout the week. .Baltimore Ihnvarf- ■ ><(,
Philadelphia, Virginia and North Carolina, dlive
been taken in small lots at prices ranging!:* a9 per
barrel, principally at 8* a S*. Canal is held at 3j a
*lO per barrel.
Hall —The sales since our last have been about
3500 sacks Liverpool at 1* a *l* per sack , about
2000 sacks of which has gone out of the market.
Bacon —In this article we have no sales to port.
There is a. full supply a. present in market, which
is held at the following prices:—Hams, 11 a 13;
Shoulders, 8 a9; and Sides. 10 a 11 cents per lb.
Eurd —Sales have been made in Baltimore and
North Carolina at 11 *t 13 cents. We quote 11 al2
cents per lb as a fair criterion of the market.
An ml Stores —Sales have been made if! Wilming
ton Tar at $2 per bbl. We quote *l* a *2.
Groceries —Since the extensive operations noticed
last week in Groceries, the market has been quiet
and the sales consequently light. A small lot Mus
covados brought 9, and a lot inferior do. from the
wharf, 6 cts per lb—Brown Box Sugars have been
selling at B|, white do. II.J Limited transactions
have taken place in Cuba Coffee at I ] ■} a 12 j cts per
ib. A lot Cuba Molasses was sold on arrival at
about onr quotations, viz: 26 a 27 cts per gal.
Exchange —Hills on Kngland 9* alO per ct prm.
On France Sf, 12Aa5f 17* per dollar. Domestic
exchange as last reported.
Savannah , March 22. j
Cotton —-Arrived since the 15th mst. 4543 hales; 1
Upland and 26) bales S I Cotton, and cleared at the 1
IVITH. tirnc,-7Af>:> bnlr-, Cpl-tnd and 53 ImlOt* K 1 Col- |
ton; leaving a stock on hand, inclusive of all on •
ship board not cleared on the 22d inst. of 24966 1
bales Upland and 1794 bales Sea Island.
More confidence has been exhibited in the value
of Upland this week, and although the transactions
are only moderate in extent, prices have advanced 1
since the date of our last review * cent; the sales
amount to 3364 bales at from 13* to 16* cents per
lb. In Sea Island there lias been a fair enquiry, but
holdo-s generally being unwilling to meet the
views of buyers, the sales are only 110 bags at from
22 to 41 cents per Ib.
Rice. —There is no material alteration to notice i
in this article since our last, the demand still limited
1 without any alteration in price. The principal sales
of the Week arc from $4 J a *4|, with a light stock
Grocer ies. —The stock of Colfec Sugai and Mo
lasses, is large. Small sales of New Orleans Sugar
at SS; Muscovado and St. Croix do at a )0y ; I
Cuba Molasses at 30 a 32. lu Codec we have no
sales to report.
Boon. —Continues in moderate demand.—Sales
of 15,000 lbs. Western at 12 cents, for Hams and
Sides, and 10 cents for Shoulders.
Salt. —Sake of 5000 bushels Liverpool, arrived
this week, at 40 ; 1650 sacks at 1 50a I 56,0 n time;
200 sacks from store I 75.
Hay. —Sales of 500 bundles New York and East
ern, on the wharf, at *1 6 a 1 25.
Spirits —in domestic liquors, small sales of
Whiskey at 47 a4B ; N. E. Hum at 45 a 46; Gin at
50 a 60.
Exchange. —On England, 9 per cent, premium.
Drafts on New York, at sight, 1 per cent premium.
Freights —To Liverpool, 9-16 d a sd; to New
York, *l* a 1* per bale.
Statement of Cotton, March 22.
Upl’ds. S. 1.
Stock on band, Ist October, 3164 35
Received tins week 4543 261
Do. previously 148430 3341
156137 3637
Exported this week, 7453 53
Do. previously, 1237 18 1790 131171 184
Stock on band, including all on ship
board not cleared, March 22, 1839. 24956 1794
Mobile, Marcli 20.
Cotton— Arrived during the week 4,078 bales and
exported in the same period, 20,005 bales, as follows:
Liverpool 12665 bales,Greenock lOLlbales,Hav
re 1526 bales, New York 3022 bales Boston 1359
bales, Portland (Me.) 254 bales,Portsmouth (N 11.)
166 bales.
Leaving the stock on hand and on ship-board not
cleared 0f74,429 bales.
The market has preserved the same quiet,circum
spect character which prevailed at the close of the
previous week, and sales have only amounted to
5000 bales. The advices from New York received
on Monday, were looked upon by buyers as like to
induce a decline here, with which object, they sus
pended inquiry for the rest of that day. Holders,
however, acting with independence, made no conces
sions, and buyers have been reluctantly compelled
to give former rates for such lots as they required.
We continue the quotations of this days-week, with
a slight variation in fair and middling.
Liverpool Classification.—^Good and Fine 17
a 17A ; Good Fair 16* a—; Fair 15j al6 ; Middling
15 a 15* ; Ordinary I I a—; Inferior nominal.
Money Market —Since our last notice, the Planters
& Merchants Bank has put out post notes at 4
months, payable at their conn ter. A disposition pre
vails, we believe, to afford some relief in the dis
count of good business paper, but has not been to
any extent yet acted upon. The Bank of Mobile
alsocontinues to pay out her post notes, which with
those of the other steck bank, currently circulate.
The notes of all the branches of the State Hank are
received as current by the banks of the city.
HALxrxottE, March 19.
Flour —Yesterday morning sa'es of Howard
slreet Flour were made at the uniform price of
*7 25 per barrel, which is a decline on last week’s
price. To-day holders all ask *7 25, but we have
beard of no transactions—purchasers being unwil
ling to pay that rale. We quote the rail road price
at *7.
We note a sale of 900 barrels City Mills for ex
port at *7 50.
Sales of Susquehanna Flour at *7 25.
We quote white corn at 81 a 82 cents, and yel
ow at 86 to 86 cents.
Whiskey —We note sales of hhds at 39 cents,
and of barrels at 41 cents. The wagon price of
bbls is 30 a 37 cents, exclusive of the barrel.
Butter is dull at quotations, to wit: IGades No.
I from stores at 26 to 28 cents ; No. 2 at 24 to 25
* vu. 11U. ODm
*
C ?l tS i V 'r tcr " No - 2 at 18 t 0 20 cents ; and .No. 3
at 15 to 10 cents.
' Sugars—M auction this morning, 100 hhds New
Gr oans were soldalf,7a7 50 ; 53 hhds and 13
bbls cargo of schr Kicbard Linthicum, from i o to
llico, at $7 65 as 9 75 for hhds, and $8 10 for
obis; 48 hhds and 100 bbls cargo of schr Sarah
Ann, from l>orto Kico, $8 60 a $9 15 for hhds, ant!
$0 75 lor bbls and S 3 hhds cargo of schr Uochara
beau, from Porto Kico, at $7 a $9,55.
Molasses .—There were also sold at auction this
looming, 76 hhds Non vitas cargo of schr Eliza Caro
line, at 32$ a 36 cts and 47 tierces at 36$ a 37$ cts.
” - ■ - L ~- ----- - -u- 1 urn
marine intelligence.
Savannah, March 22.
Cleared: —Ship Macon, Osborn, Ncw-York ; Br
bark Gleaner, Guthrie, Liverpool.
Sailed. —Ship Newark, Thatcher, New-York.
H'ent to Sea. —Brig Tantivy, Johnson, New-
York ; ships Macon, Osborn, New-York; New
ark, Fletcher, Ncw-York ; schr Mary Ilcllcn, Gill,
Chesapeake,
March 23.
Cleared —Ship Trenton, Bennet, New-York.
Arrived yes/mfoy—Steamboats Oglethorpe,Wil
liams, Augusta ; Thorn, Roath, from Charleston.
Charleston, March 23.
Arrived yesterday. —Line brig Almena. Ooanc,
Now-( Irleans.
Cleared. — I inn brig Cervantes, Hamilton, Bos
ton ; schrs Ostrich, Kllis, West Indies; Potomac-
Barstow, 1 linghain, (Mass).
Went to sea yesterday. —Brig Bridgeton. Prince,
Mobile,
CHEAP LRV GOODS STORE!
Wholesale and Retail.
VJNTIE subscriber respectfully inlorms the Ladies
jL of Augusta and tho adjoining vicinity, that
he bus taken one es Mr. 1). L. Carter's stores, op
posite Messrs. Reeso A Beall’s grocery store, and
adjoining A. I. Huntington A Son, where he has
opened a general assortment of Dry floods, and
will be in daily receipted a genera l assortment of
English, French and Domestic Dry Goods, which ho
will sell at very reduced prices, lower than can bo
bad in till city. And lie invites the Ladles to comet
ami judge lor themselves. Consisting in pail of
Plain and barred Muslins
Mourning Ginghams
ShaiJy pattern Cambrics
French do do
Mourning do do
Printed Jackonets
Park Giro M Defaloe
Light do do
Fig’d Satins
Long Cloth
Linens
Silk and Cotton Hosiery
Open work Silk do—And many articles tory
numerous to mention. Fleam give a call and look
for yourselves.
Older' 1 received for -my description of articles j
and wiil always be received in a very diort time,
and will be found .cinch low ■; ’ban can be pur- 1
chased elsewhere on very .. I .oable terms,
j D. M. VAN WEZLE.
1 fob 28 swim
CIOFFEE, SUGAR, MOLASSKB,Ice. f Ac,
J oB bbls prime New-Oili-mis Molasses
&B hhd iio Uuadulonpe do in fine order
■lO Icigi Lit. Jin- do Cuirr Codec
250 do Rio do
250 bbls C.innl Flour
20 bleu tit. t -ui;. oed Porto Rico Sugars
20 bbls Phelps’ Gin
20 casks Rice—for sale by
JAMES RIUND.
feh 19-trwtf Mclntosh-street.
\TO'l irt;. —Proposals will be received at (lie
i.l office ot the tb rk of Council, until 9 o’clock,.
A. At. the firsl .Saturday in \tail, for putting up
a Fence around tin; Ur cm Burying Ground of the
following description. Tht Posts tobe of the best
light wood tosquari V hiehe • be S-J feet in length,
2J teetot which irf to In ,et in the ground 10 feet
apart from the centre of the port. The planking
to he of heart stud" G inches thick, (! inches wide,
and 7 planks high and inches ipart. There is to
be two gates at such places, and of such sizeA »
may pointed out by the Commitlec The iVs'H?
length of the Fence St 3,040 1 e« ,and must form' 'that
lines and angles. trwtd mafeh 15
lAW NOTICE,—The undersigned have en
j tered into co-parinetship in tie. practice of
the Law, under the firm of KING \ WRIGHT. —
Office at Greensboro, , next, door north of the
Bank. AH business intrusted to our management
shall receive the most prompt attention.
YKLVKRTON P. KING,
ALBERT M. WRIGHT,
Greensboro, Jan. 7, 1839. trwJrn
SERIN*; DRV GOODS
FIN HE subscribers arc now receiving their usual
I assortment of STAPLE AND FA Ist ¥
SPUING DRY GOODS, which they oiler at satis
factor/ prices and terms.
EDGAR A CARMICHAEL.
Augusta, March 15 sw3ws
CgMjEJ MORUS MlI I.TIC A UL/S.-—20,000
Cuttings, and 1,000 Trees, two years
old—for sale by
11L J. MEIGS.
mar 11 trw2wa
MULBERRY TRF.ES.—’-Genuine
Morns Multicaulis, for sale at the Au
jMjfccy'j.US(a Seed Store. Just received from
_ t England—Spring Tares, Winter Tares,
Italian Clover, Bent Grass, Swedish
Turnips, Ac. Ac. dee 29-3tawf2m
A. I.AI'TTTE A ItROTTIEU,
GENER AL COMMISSION MERCHANTS,
CHAKI.ESTON, SOUTIi-cAKOI.INA.
(A R.VTEFI I, for the liberal patronage extended
W towards them by their friends in Georgia and
Alabama, respectfully renew the oiler of their ser
vices ; one of the concern will devote his undivided
attention to flic HEC EWING AND FORWARD
ING BUSINESS, and therefore hopes to give gen
eral satisfaction. swim feb27
French Muslins, llomlmziiies, Roys’ Leg
horn Huts, Ac., Ac.
J UST received one rase French Muslin, French
Bombazine, blk and blue blk very line, gen
tlemen and boy’s col’d Leghorn Hals, linen and
fancy Suspenders, col’d linen lladkfs. for gentle
men, a new article, line Leghorn Flatts for ladies,
linen Cambric and French Lawn, printed Lawn for
mourning, Ringlets and Hair Braids, silk and cot
ton Hosiery, etc., and oilier goods too numerous to
mention, renewed by new arrivals daily, at the
lowest market prices, at wholesale and retail, at
Mrs. C. HOFFMAN’S Fancy Dry Goods ff Milt
ncry Store, Broad-street, Augusta.
mar IS trwlm
51 ST received 300 pair Ladies’ new fashion
Kid Slippers, consisting of Ladies Philadelphia
ties, an entire new article, Victoria Slippers, a su
perfine article,also Hoys and Gentlemen’s superfine
Kid Dancing Pumps, gentlemen’s super, super. Gai
ters for spring, at 328 opposite Planter’s Hotel,
mar 19 sw2w _ S. BUFORD.
N r OTICE is hereby given that the City Taxes
for the present year are now due, and that
the Collector and Treasurer will call on the citizens
for payment, and persons failing to discharge them
when called on, will be dealt with as the ordinance
directs. JOHN H. MANN,
feh 1C sw2m Collector and TreasurerC. A.
FRENCH COLLARS
(i AR. IVJiB have just received a new style
J , of French Collars, to which they invite the
attention of fbe Ladies.
Also f ome embroidered French work Cuffs, rich
patterns, fine Thread Edging*, and Insertings, with
a general assortment of Fancy Goods, suitable fc
spring trade. mar 7-trw3ws