Chronicle & sentinel. (Augusta, Geo.) 1838-1838, March 26, 1839, Image 1

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I WILLIAM E. JONES. AUGUSTA, Ga. TUESDAY MORNING, MARCH 26 1839 ~ - - - - « ■■ ’ ‘ ’ VoL. 111. No. HR. mm*—'—"— '■ TUB CIIRO.MCLK A\» SKATISEL PUBLISHED} DAILY, TRI-WEEKLY, AND WEEKLY, At No. Broad-street. TEJIIIi Daily paper, Ten Dollars per annum, in advance. Tri- Weekly paper, at Six Dollars in advance or Seven at the end of the year. Weekly paper, Three Dollars in advance, or Tour at t, the end of the year. I ____ . ... 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