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amwrjx—- ',-amm - —ij■—■—■!■ w mini g-- ■ "^"•■■•■■■■■■■B*f^! , f ,- “ U *H* l n ,T r J? 1 • l *'?l**"**!S , f!“S' ,^ fc, ’« , *«-*- "••ft***"- »»»*u W.HM.U.,, _ m M _ Wll WILLIAM E. JONES & Co. AUGUSTA, Ga. THURSDAY MORNING, AUGUST l 1839 -™-— — - . .. ’ ' Voi. HI No. M THE CHROMCLR AND SENTINEL. PUBLISHED, DAILY - , TP.I-WEEKLY, AND WEEKLY, At No. Broad-street. terms: Daily paper, Ton Dollars por 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 Four at the end of year. CMiioNnci, 1 -: and sentinel. A II G U S T A. WEDNESDAY MOD KING, JULY 31. We present to our readers to-day, anuinber of articles from the papers of Philadelphia and Now York, tu relation to the Cotton Circular, recently published from Macon. It will be perceived that various opinions arc entertained respecting the influence it is likely to have and the consequen ces which may follow it. Wo give also the manifesto of the Cotton Spi nners of England, who it will be seen, so long ago as last winter, became offended with certain Hanks for advancing on Cotton, and entered in to combinations to use less of our cotton, than they had done, in order to bring down the price. The contest is now fairly opened—the Manufac turers of England, vs. the Cotton Planters of America. We do not by any means agree with the Com mercial Advertiser, that the Spinners can hold off as long from purchasing as the great body of the interest can from selling. The millions of operatives must have bread, and in order to get bread they must have employment. The employers may work short hours for a while, but they dare not turn loose, frantic and desperate from hunger, the population dependent upon them for the necessaries of life. On the other hand, the cotton planting States can raise within themselves every article of food in the most profuse abundance —we can live and live well, whether we sell a pound of cotton or not, and we do hope that every one who raises a bale of it, will look into the merits of this contest and stand manfully for his own interests which arc im minently in danger from the domineering cupidi ty of the manufacturers. Correspondence of the (Philad.J North American. New York, July 26, 3 P. M. The British Queen has not yet arrived. The United States Bank announces its readiness to supply all orders for exchange by the Great Wes tern at 10 per cent. Bills are plenty from other sources at that rate and the tendency of the rate is downward. Stocks are better to-day. Cotton about the same. Genesee Flour brings 55,75 —Ohio 55,50 a 62—other varieties about the'same. A parcel of North Carolina Wheat sold at 131 cents. From the Philadelphia Inquirer. An Important Movement in the South— The Manifesto of the Manchester Spin ners. We crowd out several articles this morning, in order to give place to two documents of the deepest importance to the commercial world.— Th e first is an exposition of the views of the Manchester spinners; the second, a Cotton Cir cular from the South, signed, among others, by Gen. Hamilton, George M'Uuffte, John Branch, and several other of the. most distinguished and influential citizens of the South and South-west. We give also the proceedings of a recent public meeting at Macon, Georgia, at which the sug gestions of the Circular were heartily responded to, and Delegates were appointed to a Great Southern Convention, to he held on the fourth Tuesday in October. Should the movement he followed up with any great degree of unanimity in the other cotton growing Slates the measure may be attended with important results. It strikes Ais, however, as utterly impracticable, in the pre 'scut condition of affairs, to bring about such a union of action and of interests as is proposed.— The measure has been suggested by gentlemen of great weight of character, much political and commercial experience, and unquestioned integ rity and patriotism. Their views and suggestions are entitled to calm consideration, and, at the present moment, possess the deepest interest. Ths Manifesto of the Cotton Spinners. (From the Manchester Guardian, July 3d.J THE AMERICAS COTTOX SPECULATION. As the Great Western will sail on Saturday next for the United States, we think a few obser vations upon the origin, present slate and proba ble consequences of the extraordinary speculation in cotton in the United Stales may not be entire ly without interest on either side of the Atlantic; and if they should have any effect in checking the extreme disposition of the American Planters and merchants to resort to speculative means of bolstering up the prices of their great commodity, to the great injury of tile English manufacturers in the first instance, and their loss ultimately, our purpose in writing them will have been fully answered. As some of the American speculators have re cently urged the agreement entered into by cer tain spinners in this neighborhood to work short time as an excuse for the speculative advances which they propose to make, or rather which they wish to obtain, it is necessary to go back a little, and to sec what was the real origin of the speculation in America, and of the diminished consumption in this country. On referring to our own file for the last year, we find the follow ing article, which appeared on the 291 h of De- I cember, some time before there had been any agreement to work short time amongst any por- j tiontif the spinners in this country : “The continued action of the banks of the United States on the cotton market, ijy tbeir ex traordinary and unwarranted efforts to bolster up prices by advances to the planters, to enable them to keep their cotton out of the regular markets, has begun to excite a feeling of alarm and irrita tion in this neighborhood; for although it is well known that prices must in the end be regu lated, as they anight to be at all times, by the natural operations of supply and demand, it is still easy to see that the interference now practis ing in the southern Stales of America mav very probably have the effect of temporarily forcing up prices here to a very serious extent; and the spinners will be compelled either to stop their works, or to purchase the raw materials at rates which they know cannot be permanent, with the certainty ofloss from its subsequent decline in value. That the system of advances from the j banks, with the view of keeping cotton fora time out of the market, is now carried to a very con siderable extent, the recent advices from all parts of the cotton growing slates abundantly testify. On Saturday last we inserted a circular issued by Mr. Ingersoll, nominally ns agent to Hum phreys & Biddle, of Liverpool, but really as agent to the Lank of the United States; and we now find in the Now York Daily Express of the 7th December, another circular of the same kind, but emanating from a different quarter. It is in the following terms. “MISSISSIPPI UNION BANK, “Jackson, Nov. 16, 1838. “Sin—The directors of this institution, believ ing that the cotton crop of this State will fall short, and that planters will postpone the sale of their crops until the deficiency is known, propose to advance 60 dollars for every bale of good eoi fon, weighing 400 lbs. delivered to the agents of this bank, to be appointed at Ihe following ship ping points, viz. at Natchez, Vicksburgh, Grand Gulf, Rodney, Manchester, Techrna, Salartiu, Marion, Greenwood, Grenada, Columbus, and Mississippi city. The owner to deliver to this bank the said agent’s receipt, vvitli the mark, number and weight of each bale, together w’lh a note payable twelve months after date, with two or more good securities, to be submitted to the hoard for said advance. “The cotton to be shipped to Liverpool or such other market as may be designated by the party delivering the same, at his risk and expense, and sold on account of this bank. The proceeds, to gether with the exchange, both foreign and do mestic, to be credited on his note, and the rate of the domestic exchange to bo established by the current rate at the time the account of sales is re ceived.—Respectfully, “ W. P. GRAYSON, Cashier.” “ Now, as the advance mentioned in this cir cular, sixty dollars a bale, amounts to fifteen cents a pound, which, at the time when the cir cular was written, exceeded the market price at New Orleans, and with the freight and charges to which it would he liable, exceeds also the cur rent price in this country at the present moment, it is not easy to conceive what legitimate object the Mississippi Union Bank can have in making such advances. But it is alleged in one of the American papers, that another establishment in Mississippi (the Brandon Bank, we believe) has offered to advance 70 dollars per hale! or 17£ cents per pound, and this on cotton at that time worth 14 to per pound in the New Orleans market!” The circular of Mr. Ingersoll alluded to in the preceding extract, turned out, as our readers may recollect, to have been wholly unauthorized, either by the Lank of the United States, or by Hum phries & Biddle; but the circulars of the Missis sippi Union Bank and the Brandon Bank were perfectly genuine; and it became well known in this country, that those and several other estab lishments of the same kind were advancing large ly at most extravagant rates upon cotton consign ed to their order; and that, consequently, a very greatadvance had taken place in prices in all the ports of the United States. The effect of all these proceedings upon the trade of Manchester and the neighborhood might have been foreseen by any one who had paid at tention to the occurrences of the last 20 or 30 years. The cotton spinners had had too much experience of the results of former speculations, and the issue of former predictions of deficient crops, to place the slightest confidence in the views of the American speculators—and as a bo dy, they refused to act in accordance with those views. Notwithstanding the palpable falling off in the receipts of cotton at the American ports, which appeared to corroborate the accounts of short crops, the spinners gave no credit to those accounts; because it was impossible to say how far thesupply had been artificially checked, in or der to favor the views of the speculators; and, af ter working out their slocks, they gave with re luctance the advanced prices which began to pre vail on this side of the Atlantic. The buyers of goods and yarns 100, who distrusted the results of the speculation quite as much as the spinners, were also disposed to clear out their stocks before they ventured upon fresh purchases; and the too rapid extension of manufacturing machinery for thelastycar or two, having produced an accumu lation of manufactures, which could have been taken off only by means of low prices and gener al prosperity—the effect ofthesejoint causes was greatly to depress the price of manufactures as compared with those of the raw material; anil the spinners found, that an advance of some 2Jd. per pound in the cotton they were buying at Liver pool did no s cause an advance of more than a farthing per pound in yarn. That tills unsatisfactory state of things wasen tirely brought about by the American speculation we do not mean to assert; the probability is, that without any such speculation the trade of the spinner would not have been very profitable du ring the present year; but there can bo no doubt, that by the speculation the depression wasgteatly aggravate !. The evil, as we have already ex- I plained, did not consist in the high price of cot- I ton, so much as in the general distrust of the sta bility of that ririce, which was produced by a knowledge of the speculative dealings in the Uni ted States.—The buyers of goods, without paying any particular attention to the relative prices of raw cotton and manufactured goods, very natural ly argued, that, if prices had been raised to acer- | tain le.ve! by the speculative, advances of the 1 American bankers, they would be likely to fall I considerably whenever those advances were with- j drawn and the speculation wholly broken down, j The disinclination to purchase might have been I pretty much the same even if the prices had been j lower than they were, provided there had been j the same want of confidence in their stability, How different would have been the situation of all parties concerned, if the cotton crop had j been, from the first, fairly put upon the market, | and the price left to be determined by the natural ' operations of supply and demand ! If the quan tity was so deficient as the planters allege (and that there was a considerable deficiency seems j now probable enough,) the fact would very soon ; have been manifested by the deficient supplies, | which, in the absence of speculative combina- I tions, would have been taken as correct indica tions of the amount of the crop. Prices would, consequently, have risen, without materially checking the consumption ; they would, probably, j have been decidedly higher at the present mo ment than they now are, and with a tendency upwards, instead of being in a state of rapid de- j dine, which, if we may judge from the following facts, is likely to be carried considerably further. It appears from the Liverpool United Brokers’ I Circular, that the stock of American Cotton in Liverpool, on Friday last, was no less than 458,- I ! 920 bales, which without any further importa- : tions, will afford a supply of 17,650 hags per week, for the remaining 26 weeks in the year. But the purchases for consumption of American i cotton in Liverpool, during the first 26 weeks of the year, have been only 278,117 Laics, on an av erage of 10,700 bales per wee.';. And if we ns- ! suiik 1 that there were in the hands of dealers and spinners at the commencement ol the year, about 80,000 bales more than at the present lime, the consumption, during the first half of the year, has not amounted to more than 13,000 bags per week. And what are the prospects ol consump tion for the latter half of the year ! Unless there should he a very speedy break down of the spec ulators giving confidence to dealers in and con sumers of cotton goods, us well as to spinners and manufacturers, the consumption of American cotton for the second half of the year cannot ma terially exceed that of the first. At the present time, far from increasing, the consumption is rapidly declining, the present week having wit nessed the commencement of short time amongst the spinners at Bohon (who have entered into an engagement to work not more than four days per week,) at Wigan, where ten mills arc now standing entirely, and the remainder, with one , exception working half time on the average; and ] in different parts of the country, where the con sumption is diminishing every week, if, then, the consumption for the second six months of the year should not exceed that for the first sis months, there will he on the 31st of December next, 100.000 bags remaining out of the present slock in Liverpool, together with the whole of what may ho imported from this time to the end of the year, which cannot be estimated at less than 250,000 to 300,000 bales. With such a stock at the conclusion of the year, and with a coining crop of extraordinary magnitude, we leave our readers to judge what are- likely to be the condition of the parties who have engaged in one of the most rash and insane speculations of modern times. That they will be crushed bv the weight of their undertaking, is already perfectly clear; and the longer they persist in their present course—the. more of temporary aid they may re ceive from speculative bankers, the more will consumption be diminished—the motesignal and exemplary will be their punishment.—and the more extensive will be the consequent derange ment. of the commerce, and the agriculture, and the currency of the United States. Such arc the consequences of excessive specu lation— such are the evils inevitably resulting from attempts to monopolize a commodity in ex tensive use, or to bolster up its price by artificial means. This is far from being the first attempt of tile kind that has been made with respect to cotton, which appears to have invited more spec ulation than almost any other commodity of equal magnitude; and we believe no instance has yet occurred where the speculation has not involved in severe distress and suffering, if not in utter ruin, the great bulk of the parties engaged in it, and unfortunately the evil has not stopped there, hut has always extended far and wide amongst i those who were perfectly innocent of the errors I which have given rise to it. We fear that the planters and meichants of the j Upited States are, as a body, for too prone to pn- j gage in undertakings which are entirely inconsis tent with the ordinary rules of commercial enter prise; but they will be bad learners indeed if the result of their present speculation does not make some impression upon their minds. From the Ncw-York Star. The Cotton Circular. On our fourth page will be found a circular from the cotton growers of the South, signed by several of the most distinguished planters and written with force and ability. It arrives, we may say, at a peculiar crisis, which probably was an ticipated, but whether the views it contains can lie carried out at this time and in the face of a derangement of the monetary alliiirs in England, and consequent inability of our Banks to come to (lie rescue, remains to lie seen. We have both our doubts and our fears of its accomplishing at this time all that is anticipated. We arc happy to perceive that events now crowding upon us of a stirring and serious nature, have at length aroused the South and West to deep considera tion of tile profligate and ruinous course pursued by our present rulers, in deranging the exchanges and interfering witli the currency of the country. Without a change of rulers the South and West must see the utter impossibility of savin? the country from bankruptcy, and its agricultural and mercantile interests from utter ruin. Let the re form commence at home, and bright and prosper ous days are reserved for tile Republic. From the Ncw-York Commercial Advertiser. Our opinions in relation to this circular, and to tlie plan it suggests, may be of very little im portance; nevertheless we hold it right to express them, because we are convinced that the course proposed is wrong in principle, and will prove, if carried into operation, not merely ineffectual for good, but effectual for serious, extensive and per manent evil. The plan is simply to interpose the banks be tween the production and the cornsumplion of cotti n, with a view to increase the profits of the former, by so controlling the market as to sustain j high prices, without reference to the actual course jofti e market. This is wrong in principle* It i is taking the banks out of tluir legitimate line of j operation, and concentrating their capital, which j ought to be held at the service of all business, j upon one branch alone. But this is not the worst. The gentlemen j who drew up the circular appear to have forgotten i that for such an operation as they propose there must be two parties in the field. The plan, if | adopted, will at once afford the English manui'ac- I turers a provocation to. and justification for, a counter combination; and the cotton trade be | tween England and America will he changed to a war of capital against capital, not to promote but to hinder employment. We shall behold the j strange spectacle of men clubbing purses to keep I ships from sailing and mills from working ; and j the question will be, not which country shall dis play most activity and enterprise, but most obsti ! nacy in doing nothing. The planter says to the manufacturer, “you shall not have my cotton un til you pay me one shilling sterling a pound for I it;” and the manufacturer retorts with “I shall not buy a bale of cotton at a higher rate than six pence.” But, says the planter, “I have got a 1 combination of banks behind, and I won’t give | in these five years;” “Very well,” answers the manufacturer, “I have got a combination of capi j talist behind me, and I won’t give in for ten.” | Would not this lie a beautiful state of things I : for the two countries to be in 1 Yet we have a j perfect right to assume that it will inevitably fol- ' ■ low the adoption of the pilau piroposed in this cot- j \ ton circular. But there might possibly be another conse- j I quence, not adverted to in the exposition of the ■ | fourteen Southern gentleman. Cotton grows in I other parts of the world besides the United States. ■ Supipose the English capitalists, growing very savage and desperate, should take it into their heads to apply all the stimulus in their power to the production of cotton in Egypt, South America and India. Suppose they should form planting companies, and raise millions of pounds sterling for investment in that business. Being roused to a iger, there is no knowing what extremities they mi<jht iro to; and we will not undertake to guar* nntoo the impossibility of getting things into such a train ns would enable them to supply themselves, not only for u time but for all time, without ta king a bale from the United Slates. Nay, we would not he very sure that Texas might not come into their views, and think it very good fun to cut into the market which our Southern Stales had sworn off from supplying. We do not believe that there has yet been any combination among the spinners in England, other than that spontaneous combination which springs from necessity. The manufacturers have i discovered that the cotton business has been push j ed on too rapidly, both there and here ; and they I have taken the right way to remedy the eonse | quent evil, by retracing their steps. But our j cotton-growers obstinately shut their eyes upon j the truth, and persist in the error which has caused all the difficulty. There has been two much cotton raised here—too much cotton spun in England, and the price of the raw material, as well as of the fabric, has gone too high. This is the naked truth of the matter; and no possi ble contrivance of combination or of any thing else will bring matters right again, until the price of cotton goes down and the production is di minished The spinners in England have sense enough ito perceive this, and to act upon it. Having in vested their capital in mills and machinery, they would very gladly keep that machinery in full employment if they could; hut like wise men, they are willing to lose a part in order to save the rest. They say, we should like to work our mills every day, if we could afford it; that is, if there was a market for our fabrics, and if we could buy cotton at such prices as would leave us a reason able profit on those fabrics. But if wo must pay nine jience sterling a pound for cotton, we must also lose money on our twist, because nil the mar kets in the world are overstocked with cotton goods, and w« cannot get remunerating prices, Therefore we must cither pay less lor cotton, so that we 111113* sell our twist at lower rates, or we must buy less—there is no other choice fur us. “ But,” say the Southern gentlemen, “you must pa}* us the same prices for our cotton that you did three years ago, when your twist com manded the highest rates; if you do not you shall have none. We have got the hanks to stand by ns, and we don’t care about selling you a bale of cotton these twelve months.” 11 the praclieal answer of the manufacturers and capitalists docs not upset the theory of the Southern gentlemen, we shall find ourselves most egrcgiously in error. From the Ncw-York Herald. UIOHLY IMPORTANT FROM THE SOUTH ANOTH ER COTTON CIRCULAR THE COTTON CRISIS AITUOACUINO—A COTTON CONVENTION PRO COSED DECLARATION OF WAR AGAINST THE RANK OF ENGLAND AND THE MANCHESTER SPINNERS. Yesterday morning we received by the soulh •cru .mail the “ Macon Messenger” of Thursday last, .containing an account of a remarkable and nowfi Public Meeting, held there, relative to Cot ton, 'which may he considered the first of a series of like meetings, to ho held all over the southern country, for the purpose of organizing a great Cot toniOonvention in October next, in order to sustsan the price of Cotton in Europe and Amer ica. against the movements of the Bank of Eng land and the Spinners of Manchester. Annexed will be found the Circular itself to gether with the first meeting held in Maeon on the subject. I« reference to this matter we may now state some historical facts, developing the character and purposes of this singular movement in the com mercial world. It will he observed that the dis tinguished names ofGeneial Hamilton, of South Carolina, and Governor JVTDulfie of the same state, are appended to this document. From the style and language Mr. M’Duffie is probably the author and writer of this novel document, which may he called the Cotton Declaration of Inde pendence, as opposed to the interests of the Spin ners and Bankers of England. The laic* anony mous Circular, issued after prayers, from the office ol S. V.S. Wilder, was written by General James Hamilton, who has been in this city, dur ing the greater portion of the summer, managing Cotton and Texas, and is now in Newport wait ing the denouement of this splendid movement in the Cotton World. That Circular, however, fell still-horn from the press, with the exception ol a serious difference of opinion between S. V. S. VV itiler and David Hale, in which affair Mr. Wilder certified publicly that the Rev. David was a “common liar.” No immediate duel took place, nor was there any blood or holiness lost between the heligeranls on the occasion. The great Cotton holders, finding that an anonymous war was no war at all—that war in j disguise was rank cowardice—came out openly at last, on the southern plan, and have chivalric | ly put their names to the document, ready to stand the hazzard of the die—price per pound, j 11 to 17 cents. On the Oth of July this document was written, and numerous copies of were sent , out to Liverpool, London, Havre and Baris by the Liverpool steamer on the very day of her sailing. But the effect ot this document in Eu rope will not he known here, till the Liverpool steamer returns, which will he about the 16th of August. At the same time, a copy was sent to Macon, Georgia, fur the purpose of forming the basis ol this curious movement, and the result, so far, is seen in the accounts which we give to-day from that quarter. The Macon paper contains the following remarks on tire meeting and Circu lar : From the Mdcon Messenger, of July 18. “ The Circular which has been sent to us by the signers for publication, will doubtless occasion much contrariety of opinion. There are so many and such various combinations of interests, at home, as weil as abroad, inimical to the grower and holder of our great Southern staple, that an opposition, and no doubt a very strenuous one too, will he made against the proposed, as well as every other project that may he devised, the ob ject of which is to maintain a natural and re munerating price for our productions. The circular was listened to with a great deal of interest, by a large meeting of our citizens, and the views therein disclosed responded to in a j series of resolutions, which were unanimously j adopted—we trust that it will receive the consid- I (■ration, tire importance of the matters therein 1 discussed, deserves, and that every Southern pa- ! per will promptly comply with the request of the signers, and give it a general dissemination.” 'I bus lar has this singular movement made progress. What is it ? It is a war between the cotton holders and the cotton spinners—the first backed by the American hanks—the latter by the Bank of England. It is a contest about the price of a great staple—whether it shall he 6to 10 cents, or 12 to 17 cents per pound. How will I it tenpin ate 1 how will it end ? Is it founded on right principles in trade? Does it involve any I moral, social, political, or commercial results? I o answer these questions will require a I week—a month of newspapers. In Cotton Cir- ! ■ rr ,| , m m culurs aiul <’otton Conventions. such mm ns f Hamilton, McDuffie, ran bent lho world. For twenty years past they have hern the great ngi lators ol tltis country, on every conceivable po licy, and every imaginable politirnl principle.— I Itey agitated the election of General Jackson they agitated South Carolina nullification—they agitated a Southern direct trade—now they have t.ikrn to cotton, ami agitate a cotton war against l-nr;land. The Colton Spinners and capitalists cannot meet them in the naked game of agita tion—hut we doubt whether a contest about the price ol cotton is to be decided by Circular or Conventions. Money is the arbiter in alt things below. It the cotton holders can command ca pital sufficient to hold it till next vear— a capital equal to s2o,ooo.ollo—they ran do so, and thus heal the Cotton Spinners. Success in this great contest is us easy »s lying or cheating. ?t de pends entirely on the possession of capital. If they can command capital or credit, the Bank of England will he defeated—if not, not. But in the mean time, this strange, novel ami unprecedented contest, will produce a greater dis turbance in the commercial world than any event that has ever happened inn time of pence. By drawing a large proportion of capital to the cotton trade in America, rveiy other article and interest will be presssd to the ground—and to sustain the price ol cotton, will help to reduce the prices nf all other commodities from twenty to thirty percent. Ibis is the natural consequence of an unnatu r»l diversion ol capital from one or more interests to another, Its effects on social and political life will also he revolutionary and unprecedented. “What these may be, it is yet difficult to predict, but there is every prospect that this movement, will cause a greater disturbance in every avenue of so ciety, in England and America, than any other that Messrs. McDuffie & Hamilton over devised. In England it must produce an extraordinary sensation,and perchance some astounding,results, so carry on the war. the spinners must throw thousands of operatives out of employ—and the want of employment among a populace excited hy political passions, may lead to some convul sions elan extraordinary character—perhaps ton revolution. In such an artificial state of society ns England presents, a general convulsion in money affairs would inevitably lead to a social and politic al revolution in the government. In the meantime nil these movements, and counter movements, give an interest to life, ami make great business for the newspapers, for the financiers, and especially for the devil. Cotton. We extract the following important tabula 1 * statement from the Globe: As an illustration of the effect which quantity has on prices , we give below the number of mil lions ol pounds of cotton exported in each year Irani 1819 to 18138, and also the average price.— Our authorities for utl the years preceding 1836, arc the letter of the Secretary of the Treasury, dated February 26, 1836, and the annual reports ou commerce and navigation for 1836,1837, and 1838: Year. Pounds exported. Price per lb. 1813 88,000,000 24 cents. 1820 128,000,000 17 1821 124,000,000 16 1822 144,000,000 10* 1823 173,000,000 11* 1824 142,000,000 15 1825 176,000,000 21 1826 304,000,000 11 1827 294,000,000 9* 1828 210,000,000 10* 1829 264,000,000 10 1830 298,000,000 10 1831 277,000,000 94 1832 322,000,000 10 1833 324,000,000 11 1834 284,000,000 13 1835 387,000,000 16* 1836 423,000,000 164 1837 444,000,000 14* 1838 595,000,000 10* COMM EBCIAL. Latest dates from Liverpool July 0 Latest dates from Havre July 3 Baltimore, July 27. Coffee.— At auction to-day, the c.rgo of brig Erie, from Jtio do Janeho, was offered and 1915 bags sold at 10J a 124 cts. The balance, 600 bags was withdrawn for better prices. This sale com prises the whole business of the w eek in Coffee, a I operations in the article having been suspended until the result of it was known. Colton. —We note the sale of a tot of Mobile, early in the week, at 15* a 17 * cents for inferior to very prime. Since then we bear of no further transaction. Corn. —The sales of Md. while have been gen erally made throughout the week at the uniiorm rate of 78 cents for good shipping parcels. Sales in like manner, of Md. yellow at 89 a 81 cents. Sales of mixed Virginia at 77 cents Hour. —I Inward-street. —The small receipts and the very light stock of flour of this description now in market, have induced boldcis to advance the price a shade. We now quote at $5,87* to $6 from stores,and at $5,62* from Hai road and wagons. The demand is limited and sales confined tosmad lots lor city consumption. Some parcels of Flour from now wheat have reached the market, and are held at $6,25 from stores. City Mills Flour —Most of the flour ol this de scription now being made is in fulfilment of con tracts for new ; al prices ranging from $6,25 up to $6,75. Lots of new, in market, are Iwld firmly at $6,50, at which sales have been made. The stock is but a mere trifle. Susquehanna Flour. —We quoted at $5,87* a $6, as in quality and freshness. Provisions. —The transactions in provisions of al! descriptions have been very light this week. — Sales of several small lots of strictly prime Western Bacon, assorted, have been made at 11* cents We quote prime Baltimore cured Hams at 14a14* cents, and Western at 12 a 12* cents. Western middlings at luj a II cents, and Shoulders at 9* a 10 cents. Whiskey. —Sales of large lots of lihds. have been made this week at 35* a 36 cents, and extensive sales of bbls. at 37* a3B cts. Retail lots of bhds. arc occasionally sold at 37 cents, and of bbls. at 38* a39 cents. The wagon price of bbls. remains at 33 cents, exclusive of the barrel. MARINE INTELLIGENCE. Savawh mi, July 29. Cleared. —Ship Celia, Buckman, New Yorkj brig New Hanover, Caily, Philadelphia Arrived on Saturday. —Steamboat Cherokee, Wray, Augusta; steamboat Hamburg, Wood, Au- j gusta. j CHARLESTON, July 30. Arrived yesterday —Brig Tecumseh, Hinds, Ha vana. At Quarantine —A Spanish brig from Havana. Cleared —Brig Jones, Fisher, New York. Went to sea yesterday —C L brig Buenos Ayres, ! Stuart, New Y'ork. Q fff RESIDENT DENTIST..— Dr. Munroe's operating rooms, second door from Broad treet.on Mcintosh-st., opposite the Constitutionalist offiee march 13 l VALUABLE IMtOI'ERTV FOR SALE, r i H E Mibs.-ril.or ofli-n for sale, on the most ren • sonat.tr terms, that well known and foshlon watering place, the II LUC OX CPKIM.s situated four and a ball miles from Athens, (ia,— Attached to the Springs are two tracts of land containing together seven hundred acres of land on one o which are erected two excellent saw mi s, both now in operation. One of these mills will cut horn 1500 to SHOO foot of lumber , )C r day lor whwh a ready market -an bo had at lair prices’ Li her tract will he sold separate from the other I ersons desirous of purchasing such property arc requested to call and examine for themselves. The land is mostly in the woods, of a good quality that which is cleared is fresh and in cul tivation. JOHN JACKSON. Athens. Oa.. July 10, IS JO. w&trwif THE LlitiF.STuMl AND CllALV aSswttk HEATH SPRINGS, Spartanburg Ois liilliaijil tr,ct «S.C. ninety-five miles from Charles i J1 ton, and fifty from Greenville. Ihe undersigned Inn the pleasure to inform the public, that the elegant and extensive accommoda tions prepared for the reception of visitors at this place, will be entirely finished by the lUlh of June next, h rom three to lour hundred perrons ran be nceommoda’ed—comfortable and airy rooms are prepared for familes in tie large brick building, or it preferred, fine apartments will bo assigned to them in the different Cottager. There is an abundant supply of lee, Wines, ke. on hand. Amusements of every kind will he with in the reach of visitors. The lonntry mound the Springs admits of a variety of excursions, on horse back or in carriages. I lie Limestone Spring is a highly medicinal water. In add tion to Lime, there ia found Magne sia and Epsom Salts in il ; and tire great quantity of C arbonic acid gas, constantly escaping from the Spring, renders the water very light. To Dyspo A. tics, and persons laboring under liver complaints.or of constipated habits,experience enables us to say that this water is invaluable, if any visitor labor ing under any of these diseases lias ever visited the place, and not been benefitted, it is to us un known. There arc two line Chalybeate Springs, one rising out of the Limestone Quarry, and the other a short distance below it. In addition to Iron, they arc supposed by many to contain other active ingredients. Since they have been discovered,they have been found to be very bcneticial to many weak and debilitated persons. The grounds about the Springs are beautifully laid out, and afford many line and delightful walks. Several intelligent and respectable gentlemen have settled permanently at the Springs, and con stitute at all times a delightful society. They have made their settlements with a two-fold object, health and the education of their children. For this latter purpose they have established two e;:- ccllent schools—a Male Academy, under the di rection of Mr. Koosa, and a Female Academy un derthe care as Miss Williams. Doth schools merit every encouragement—they arc well conducted, and imparting to their respective pupils, sound and good education. Families visiting the Springs, will have the opportunity of placing their children in these excellent schoo at Mr. Saunier, will teach Music during the summer months, his qualification# are equal to any instruction which may be required A competent instructor or instructress - in Dancing, is expected, and will be certainly' in attendance to nstruct all who may desire it, These arc some of the inducements which are pre sented to the public, to favor the Limestone Springs with their patronage. \\ lien it is remembered that this establishment owes its foundation lo tlie liberal ity and patriotism of many gentlemen who have* advancedlargc sums of money for the purpose of presenting to the people of South Carolina and Georgia, a place of health and relaxation; almost at their own doors, it is to he hoped that it will not languish, decline and die for the want of patronage. Tiie thousands expended in Northern- travelling may be saved, and the people of the seaboard and the mountains may enjoy ail the mutual benefit of travel and intercourse. To the religious public the undersigned would say, that gaming and all such gross irregularities as would he offensive to them, are prohibited at this establishment. Arrangements are in progress for having divine service on every sabbath, which we hope and believe willbe successful. Persons can be as private, secluded -and retired as they please. For Dyspeptics and invalids a separate table will be prepared, where they can have every accommo dation they may require. The universally admitted salubrity of the cli mate, together with the immense mineral produc tions ol theneighborhood, will open a field focepec illation and amusement for leisure travellers. In addition to the above inducements, we have six arrivals and departures of marls, each week.— Accommodation Stages toGreenville.twicea week, and after the Ist of July there will be a Hack to Union, on every Wednesday, to meet the Columbia stage. To sportsmen it may ho <nme inducement to know that we have one of the most beautiful race tracks in the State, where there will boa numberof horses in training from the lirstof July, until the commence ment of the races on the first Tuesday in October HMes of Boarding, os follows: Persons per day, $1 12A Do do week, 7 GO* For less time than four weeks, 6 50 Four weeks and longer, 6 00 Families stationary per month, 5 00 Children and Servants half price Horses pet day, 0 G 2! Do per week 3 50* Do per month, 3 00 The Stockholders in the Company are reminded to assemble on the 4th July, at the Springs, where a Dinner will be prepared, and an Oration delivered by some distinguished gentleman. The public are invited. WM. MURRAY, Agent, L. S. Co- Spartanburg, April 26. wt.V MEDICAL INSTRUCTION. fINHE Lectures in the Medical Institute of the 1 city of Louisvi.le will commence on the Ist Monday of November, and terminate on tne Ist of .il a rcb. Jedidiam Coiib, M. I), on, Anatomy. Charles Caldwell, M. D, on the Institutes of Medicine, &c. John li. Cooke, M. D. on Theory and Practice of Medicine. Joshua B. Flint, M. D. on Surgery. Henry Miller, M. D. on Obstetrics and Dis eases of Women and ' hildren. Charles W. Short, M. D. on Materia Medica and Medical Botany. Lunsford P. Yandell, M. D. on Chemistry and Pharmacy. The apartments for the prosecution of Practical Anatomy will be opened early in October, under, the direction, of Dr. Donne, tile Demonstrator.— The extensive College edifice erected within the last year will be in a state of complete finish be fore the commencement of the course. Comforta ble Boarding, including lodging, lights, fuel &c. may be had at-convenient distance from the Col lege, at an average rate of $4 per week. The Tickets to each Professor’s course *1 $l5: Matri culation and Library Tickets $5: Gtoduation fee 4,20: Dissecting Ticket, which may be taken or not at option, $lO. The Faculty will i£fl«iwat par the paper of solvent Banks of testates in which pupils respectively reside. By order of the Faculty. C. W. SHORT, Dean. Louisville, Ky. July fl >IOIW S 311 1/nCAULiS. The subscriber will be furnished with TEN MILLIONS ot the genuine Chinese or Morus Multicaulis, grown from trees ag33SS*v imported from the Jarden des Plantes, of Paris, in 1-536, which will be sold lower than any now oflcied. They will be parked in such a man ner that they may be transported to any part of the U. S. with safety, and will be delivered in Augusta, free of expense to purclia ers. All buds will be warranted to be mature and a genuine article. Individuals wishing to purchase, will make application >0 W, E. BEARING. Athens,.June 11 tlstl^