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'•TW _ AUGUSTA, GEO., MOXBAY EVENING, MAY 30, 1837. [Scuil-ucckly.]-VoI. 1.-Ao 41
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[USTA.
ling:. May 20. 1837-
bis city nave unanimously
ic payments for the pres"
ilcd by the most prudential
ilified by the extraordinary
It meets with universal
[citizens, and wilt no doubt
In of the great body of the
L only need correct infor
leclly. A committee has
V Banks to make a report
jSch will be published by
K next.
we understand, ,
at Washington,
■cic in payment ofposl
iaUvii hands. Thus it
■■[nt is compelling its
■■pie it' to editors are
WBM hev can gel. We 1
’ the I Jovernnien!
HHt f"i printing—ere
HHHbtvk "ii niie one
mSM suspv’inle I speeie J
SHi its o tv 11 hills, mid {
■HHalio.iliy the money I
■■not he ive I ai
■■it po .l ie, 1 aeeoil 11 1
eil as small m it
■■'USC—l!,e Govern- t
■■rev any thing for I
■■during the
■jHo'd toi hid that it |
■■f hone-lly. Ah) t
■■ patience
: mgm he. lie tiie pa ,1
8888 A Oovniniii 1
HnSH hi the I
H'l'lh ■> i ivme, i I
BjH l -) I'd an,eng run I
He
must take pay m the currency it has created.
No collector can put such an order into execu
tion m this city. No district-attorney cun brio
specie by suing upon Cu- tain-house bonds. No
shenlior marshall, it is believed, will SC ivo Sach
a process. 'No merchant, or trader, will interfere
with the bids of the owner of goods, whose pro
perty tyranny may rob him of, and expose to pub
lic sale. Goon, hlockeads, goon. We arc in
the beginning of the end, and the end may be
consummated anon. 1
From the Phil. Commercial Herald, May 16.
. ° un ‘ iTu ation anu Pnosi-Ecrs. — The absorb
ing topic m every circle, is the mined stale of
our currency, and the prospect for the future.
I he suspension by the banks was received calm
ly by the people, as unavoidable and as forced on
them by the government; but the last Treasury
order, for demanding specie on all patments
to the U. States, has produced an excitement
amounting almost to fienzy. This order will not
he regarded: the merchants cannot command tho
means: ami if they could, there is a spirit on this
subject which defies dictation, and braves the
powers of the administration. The number of
unpaid bonds which the Custom House has sent
to (he District Attorney, in tho lust two days,
to bo put in suit attests the determination of our
merchants.
Strange as the fact may seem, it is nevertheless
true, that the suspension of specie payment was
entirely unexpected by Mr. Van Huron. The
fact is, that he has not at Washington, any per
sonal friends, except Mr. Duller, who are on
such terms that they can go to him privately,
and tell him fully tho true state oflhings. Hence,
he was in ignorance of the extent ot difficulty
and danger to which wo wcie subjected, and of
the real sentiment of tho country, until tho mo
ment the explosion came. He undoubtedly suf
fers severely; and though ij may perhaps be some
alleviation to his feelings, that tho U. S. Dank
lias fallen in the general crash, he lias too deep a
sense of his perilous situation, to indulge in any
feeling of triumph. One of tho hanks in the
District of Columbia will ho kept up for a time in
the payment of specie, so that thcolficcrs of gov
eminent may receive their salaries in gold and
silver.
As to the public revenue, and as to the avail
able means to meet the demands on the Treasury,
the present adniinistiation are caught just as un
prepared lor this crisis, as their predecessors wcie
when war was declared against great Dritain
without any means to carry it on. Mr. Van
Bureir Cannot hut soo all this. He must know
that the Treasury cannot pay specie, except to
salary officersfor a short time at Washington;
and he will not find it ho docs not know it already
that he cannot long extoit it from the public to
[iay it over to those wao have brought the evil
upon us. The process of enforcement will ho 100
tardy for his convienenco. Great embarrassment
must ensue) and Congress will he called lo meet
as early as can well be done, and it will he not
later than the Ist of September.* In jho mean
time, the truth is breaking in on Mr. Van Du
ron, “through the yawning chasms of our ruin,”
Durke once said a simillinr ease. He
what every member of the cabinet
I ■■■ . Duller, are eopeffureTT
v j|B‘ ' * - cn~
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11111.1 1,1 '■ ,!i ‘ ' :|l
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nnlho!'.-, "hi lie mu.ii , - ,i
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' :l|| d til' ll we 111 IV hope
"''‘ i"i“ii ilie <Mm
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■■■ I. ■ 11,, i .i I ,0.0,1. ■
:i ""‘ I" it, .Mi. t '.iinliri’leiig I
>he !■ mlo- mu.-t not i
■MHHfIBH'' 011 dill, il ,’ oil],l break up llie I
ertior vas eii-a ,’ed at such a i
time, ho ,-uel' a paltry purpose ;
r oi gentlemen, and made I
■■BBHI lend in pr;»i- Aol Governor i
BHBBHH 1 ' 1 ' ‘* ur ‘ lIK l: ‘ l present emergency
<|' : ' Cnurier yimj. \o I’ M.
tin' pressure, Sugar has ad
■BBBHB ,lIC cent since Saturday l ist. This
, "' cn ,Ik ' case if the knowing
HWI well assured that things will shorl-
heller, Colton and produee ol
also rise with returning conli-
h’deoers on Sunday were so slu-
BHB'u-’U t« ( ' l eivr U.mk notes in payment
BBSS' at'- bale already seen their
HS|S!lais and tuts were snpi r-ahundant
mid lives and tens were rcai'Me
' '
■ix k s. —The Citizens, Gas, Merehanls,
■■■iid’.i.-d Association Dank, are redi’ein-
Holes on ptesen’ "ion, in speer, nod
<!• po-ite the i.Mrs other city
fflSS’ho I nimi, Comimrei.il, and Slate
IH, .m speeie, lor Ilnur J. r ) ai d >lO
us soon as llie-e are mle.m. ,1.
the. i-Ktl and 'l'he InnnoM nl
sp. eie loi The .Me,
Cioo.lt ■I, :i’ll 1 anal, 1
e o.k - mil. we nil n.1.,; ii.ed, ejmiin lice
lo mm tow. —74.
■Buh si s Dank, one a nnngsl the oldest in
-111 ‘-!..1e, by , < le" has the light
hi’ do.ln’ miles—this, we are informed
HnSSSlieiiee “I the scareily of change, it ia
'h'"' ■•> immediately.
HB|Bf.G A- i. <-'.•/«;« " ml AdcAtfh wst
■B S i’ll I.K'l.— O.n: (/Cl"ih. — I here was
■H|S)li'm pi Sees of stocks generally to day .
(|}y*: lions wI re Mollis I anal, Ameiie.ni
HHBi : C.mion < lo—the first two improved 7 ,
■SSl.ittei o pel Cent. The greatest i eduction
which fell V percent.
made ol Manhattan I in k ICO,
VI). A. U. Canal . ho Min hat;
lUO, Howard Inn Co. UO, and of I.‘110:1
BBSail at MU. No liansnetmns m these
UlSi Albany we have nothing definite as to
ol the suspension lull.
s of lire suspension of specie pay-
this city was reeic'cd nt Uoeliester hy
HiS on the 1 kflh instant, in 21 hours from
Uostofl Courier, of yesterday, says, that
of the hanks discounted, Friday and Sat-
for their customers.to a small amount,
appears to he a general feeling of relief
money may still truly he said to ho scarce.
,o,,”tim.on- hare been made 8 t much lew
or roles, but there is very little money in tho
street, as capitalists are uncertain what invest
ments to make, in tho present unsettled state of
things.
Iho Boston Post says that tho frigate Indepen
dence is not detained by want of specie—that tho
coin was shipped the moment they were ready
to receive it onboard—and that hut for being
wind-bound, the frigate would have sailed on Sun
day.
From the Ah y. American , May 16.
POSTSCRIPT.
One o’clock
The excitement of yesterday is not diminish
ed.
The proceedings at the Custom House to-day
—the uncertainty as to the course of our Banks
—the delays at Albany in passing the non-specie.
paying bill—and the fact, generally believed
that the Secretary of S.ate, Mr. IJix, and the
comptroller, Mr. Flagg-, arc walking agaisllhat
bill—coupled with the letter of Mr. Camhrc
leng—produce a slate of feeling here impossible
to describe. Any overt act of authority on the
part of the Government would lead to an explo
sion.
We feel great confidence, however, that the
bill legalising the suspension of specie payments,
will [iass in a form less objectionable than the
present one.
From the N. Y. Daily Express, Mao 10.
, CUT NEWS,
Monday, G, P. M.—Tho city is still in the
most contused stale possible. The Custom
House is demanding all dues to them lo he paid
in specie, and at the same time all they owe they
refuse to pay, except it bo in depreciated paper.
The Collector has repaired to Washington, and
wo have no doubt with an honest intent, to do
the merchants all the justice he can.
Mr. George Newhohl, President of tbs Bank
of America, has also gone on to Washington.
This bank has placed itself in a very eutiuus pre
dicament, and there is no sympathy for it on the
part of the citizens. The managers of that bunk
were the first to make the unholy alliance with
Amos Kendall, in order to obtain from tho Uni
ted States Dank what honestly belonged to that
institution, viz. tho Deposits. This ill gotten
treasure has been a curse, not only to the bank,
but the country, and the community are now
sullering the consequences. In addition to the
ordinary feeling of indignation towards that hank
it now receives double opprobrium from the dis
honorable course it has taken in relation to the
French Indemnity. Tho hank received the
amount in gold, and now pay the claimants in
1 heir own paper, which is about twenty per cent,
below gold.—The government have, no doubt, a
very large balance in the Dank of America, for
which, it is understood, some of the Directors are
personally liable. If the government demand
specie and the bank should pay it, injustice to
individual depositors would ho very great, as
they ure compelled to lake the hills of tho bank.
The position of the bank with the government,
we have no doubt requires a skilful and talented
head to manage. There is, thercl'oic, not much
arranged by the picscnt
This is the regnlai packet day, IvlTcn usually
immense sums are interchanged. There was a
good deal of feeling manifested to see what the
1 ates would bo established at. Nearly all the usual
drawers withdrew, borne, however, there were
who oli'ered their hills; which were taken nl 10
per cent, premium, The amount sold, however
was comparatively trilling. Sovereigns were sold
nt $5 3U. We presume a less amount will be
sent forward by this packet limn was ever before
known. Ull France there was more doing that
on England, and lulls to a moderate extent were
sold at 5,1 f1u5.20. Tw o of our largest and most
respectable bill drawers on France have, since
Saturday,slopped payment, which failures have
trot only surprised but aslonis ed the public.
No change Iras taken plaeoin Western money.
None of the brokers will purchase it at any price.
The Morris County Dank has stopped in the same
manner as all others.
The non-specie payment hill yet hangs in sus
pense in Albany. The Albany Advertiser of
this morning says that letters from Washington,
and from (J. 0. (Jamhcrleng have'had eli'eet there:
The Times of this city in alluding to this letter
says. “Wo regret extremely lo Icary that a letter
condemning the measure, has been in the nation
al councils. Whatever may be the character of
his gencittl views on questions of finance, Iris
judgement in this case must have been in obey
unco. But whether so or not, we Ibel bound to
declare that in that letter ho could have staled
only his own individual views, and to assert in
the name of the republican parly of this city, that
he did not speak in accordance with theirs. In
deed It is but proper to add that tire letter is
universally spoken of not only with disapproba
tion, but indignation.”
Tho American of this evening says, “The
Govcnor is resolved we understand, to convene
the Legislature anew, if they should not them
selves agree to prolong their Session—if it be
found necessary. It is also said with confidence,
that a bill will pass both Houses, and receive the
Govcnor’s sanctiorf authorizing tho issue ol small
notes again, notwithstanding the rejection on
Saturday of such a proposition as part of the hill
before the Assembly.”
According to the Commercial Advertiser, a
draft from the treasury on the same Dank of the
Metropolis, for a large sum, in specie has been ro
ceived in this city, with a private letter from the
government, REQUESTING THAT THE
DRAFT BE NOT PRESENTED FOR THE
PRESENT!
Tuesday P. M.
The effort in our Legislature to repeal tire
small bill law is as yet unsuccessful, though the
necessity of small hills is every hour more imper
ative; and though people arc issuing them on all
sides, tho credit ol which tho people know noth
ing, and for which only the individual is ac
countable.
Thetliscussion 111 the Assembly, says the Albany
Evening Journal, on the bill authorising a sus
pension of specie payments hy the banks, is pro
tracted and cxci.ing. Os tho ultinalo passage,
there is not.a doubt. There is a stern, imperious
necessity for its passage. The hanks in Portland
(McA have suspended specie payments, and now
all Maine must follow. As the news goes East, a
prodigious run will he made upon the New
Brunswick and Nova Scotia Da iks lor sovereigns
and ns tire notes of these Banks have a wide cir
culation in ilrrhcssUpn part of Me., theeoinmuni
cation for the “run” 'S’ifi he ity tire hands of every
one. The Legislature mWt he called together,
as the hanks of the >State arc nUw under a hea'y
penalty. The boston journals difliffNupon the
propriety of assembling the Legislature oT-O.l,is
sachusells. Governor Vcazy, of Mary land,harkft
the Eastern Shore of Maryland and gone lo DaIN
timore, for tho purpose ufcalllng an extra session
of the Legislature. Thus the whole Country, far
and wide, is in commotion. Tiro nows of lire
suspension reached Rochester (N. V.) twenty
four hours in advance of the mail, and produced
unparalleled cxcitoiiien'.|
STOCKS.
Monday, P. M..—The week has commenced
with great spirit.—Nearly all descriptions, have
run up 3or 4 per cent. United Stales rose 3j ;
Delaware & Hudson, 6j ; Farmers’ Trust, 6j :
Ohio Trust 94 ;N. O. Gas Co. 4 ; Mohawk 0 ;
Harlem and New Jersey Rail Iliads, 3; Boston
& Providence 1, and Long Island Kail Road 5
per cent. The Plrenix Dank fell off i ;and Mor
ris Canal and Farmers'Trust closed the same as
Saturday. A salo of Dank of America was made
al 95 ; of Kentucky Dank, at 80 ; and of Nor. h
American Insurance at 80. The asking price of
Dry Dock was 100.
Hales at the Stock Exchange.—loo shares U.
S. Bank at 112; 25 do do 111 j.
From tiro Now York Herald.
MONEY MARKET.
Tuesday, May 16.
Ve are still in a state of anarchy in relation
to exchange, paper currency, and sit largo com-
o mercial opperations. The treasury order received
- on Saturday hy tho collector to demand specie for
f all government dues has been suspended fir the
present. Yesterday, generally at the treasury
- banks, city paper mono/ was received, under the
0 heliel that the government will give way lo the
1 emergency, and legalize the transaction hercnfte
- Mr. Price, the U. S. District Attorney,lras written
-a long and able letter to WTrs&dnglon explanato
ry of the situation oflhings here, and showing the
necessity ol relinquishing the new specie order
till the Treasury Banks in Wall street be able to
resume specie payments.
Mr. Price deserves well of the commercial
community for his forbearance, good sense, and
coolness, in the present excitable condition of
f things.
* No doubt exists of tho imperative duty of tho
• government to demand specie—but a< a matter
* of policy, we should think tho President would
c relax as far as his duty and oath of ollics will
I permit. During this and next month, the amount
■ of bonds due nt the Custom House is fully $2,-
0 500,000. While thcTrncsury hanks in Wall
13 street continue lo suspend specie payments, the
- government ought to indulge the merchants in a
like suspension. Not that such a course is legal
II or absolutely right—but it is needful—itjaneccs
’’ sary—it is wise in such a condition of ullairs as
c we now find ourselves in.
The specie circular at the Post Office is n dif
ferent affair. Tho payments there are small, and
it may easily bo carried into effect. Wo learn
c therefore the postmaster receives nothing hut
a specie lor letters. This is proper enough, under
\ the circumstances.
y Tho general government is bankrupt—tiro
, sta,c governmontsaroall bankrupt—a largo por
-1 lion ol the mercantile world is bankrupt—in fai t
none arc solvent in those droll times hut the /'.-
cofocos, whoso property, capital, treasure, .A spe
cie consist in the labor that springs from two haul
fists and one harder head. All, therefore have
been trading on borrowed capital except tho loeo
focos, who have been doing a very prudent huei
ncsss, and rtm into no speculations for certain
reasons now unnecessary to mention.
Stocks yesterday again rose from 2 to 5 per
cent, on an average. We adhere to the opinion
already expressed, that this rise gives no real
indication of tho money market.
There is little concert or co-operation among
tho banks—every one is now driving along on
his own hook. 'J ho Manhatltan, it is said, pays
out none of its own hills, —and ii isj'urthennore
positively asserted, that it willrosnmo specie pay -
meets fnrj’ns nut tufas in twenty days.
In lire mean time the cash trade of the city is
lively, in spile of the general explosion of the
banks. Specie is prodigiously abundant at 5 to
12 per cent premium 011 city paper. We hear |
that the Delaware and Hudson, is issuing Us pa- ,
per quite readily. Some brokers in tho street
ure selling it at 10 to 15 per cent discount for j
specie. It is said that in the packet that sails to- '
morrow about $500,000 in specie will go to Liv
erpool, 'Flic United States Dank and foreign
bill drawers art) now sending the specie abroad 1
to meet their recent engagements in post notes 1
'here. This together with the enactments of the <
legislature, make specie vary so much from city *
paper. 'I l.e .’..iV.'ii,t.la. lli,. iiiniicv market !
has entirely put an end to usury.—Like llieln-j 1
mous specie circular, usury has repealed itself. 1
Further extracts liom foreign news received
hy yesterday’s Express. 1
London, April 10. |
Monetary and Comsikrcut, Matt tins.
—Thu quarterly average of the weekly liabili- |
lies & assets of the Batik of England fori hree
months ending on Ihedtli inst. published in tho .
Gazette of Friday, compared with the three
months ending on tho Till of March, gives the 1
circulation 15,432,0(10/. against 18,178,000/. 1
being an increase ol ,251,000/. Tun (lepositeK ■'
on the average ofllio lasi three months are \
11,192,000/, against 13,200,00, being a de
crease of 2,008,000, and making Hie total of
the liabilities 29.021,000/.
The securities for tire throe months ending 1
nn the 4th inst. wore 28,843,000/. against j
80,579,000, for the throe months ending on
tho 7th of March, being a decrease of 1,789,-
000, and the bullion 4,071,000, against 4,018,-
000, being an increase of 28000, making lire
total of the assets 82,914,000/. Finally, the ;
surplus or rest was 8,290,000/, against 8,189- j
000, being an increase of 101,000, compared
with tiro quarter ending on the 7tlr March.
From the Couicr.
London, April llilr.
The Bankandthb American Houses— (
So much lias been said by our contemporaries
us well as hy onrselvcit vvillr respect lo the t
situation and conduct of tire great Amor- (
ican houses, that now that mutters have come [
pretty near to a denouement, and that, names
itave been specified,’it may ho as well to sub- (
tmt a few s atemeuts to show what the fads .
ofllio case really are. The origin of the
diflicitties in which the Amctican houses have *
been involved is to he found in the reckless
improvidence with which trusting to the fa- (|
clinics uffurdfed to them by the money dealers
of borrowing money and getting their paper t
negotiated, they entered into engagements far .
beyond then means. There was nothing m jj
any degree unfair ordishonorable in theircon’
duct; but it was rash, reckless, and iirprovt- .
dent to an extent not easy to be imagined, j
We do not refer to Messrs. Wilde as afford- a
ing any peculiar illustration of what has now (
been staled : but as their names have been
brought forward, and their firm is one ofthose c
that have been bolstered up, there needs no
longer be any delicacy in alluding lo their j,
situation. The parties connected with this
firm wore well acquainted with the details of I
business, were paisimonious rather than oth
erwise, and were possessed of an available tl
capital of about 250,090/. A cautious person “
possessed of ibis amount ot capital might
have contracted engagements to tiro extent 11
of 500,0001. ; and a holder but yet discreet
individual might have increased Ins engage
ments fa 750,0001. But, except 011 some ex-
Ir ordinary emergency, this was tiro utmost 11
ox;ent to which parties with such a capital a
should have ventured to go, unless they nreari <:
to commit themselves to the chapter ot acci- 1
dents, and to bd wholly at the mercy of cir- I 1
ctiinstances. Mince, however, tho facts of tins v
ease are pretty well known, there can no loir- ‘‘
ger ho any harm in stating that the engage
rnenls of Messrs. Wilde at the commence
meet of last year are understood lo itave hum
considerably above two millions sterling ; so \
that, instead of their liabilities animntmg lo ,
1 .three times, they really amounted to nearly ton ,
tirriSh- the amount ct li.oir capital ! Com- s
mentary ofx.a statci jent. of this sort would be ,■
worse than iftcless. The wonder, is not that [
Messrs. Wilde have gone to tire wall, hot that
they were not long since buried am.d the ru ■ I
ms of the baseless fabric they had construct- t
ed. t
It may, be and has Loan, said, that the 1
Bank has done wrong in corning to the assist. '
unco of a house that has so conducted Rauf- I
fairs. We, ten, I're dy admit, that tne proceed- 1
ing is ofa very questionable character, am! 1
we are by no means sure that it was tire best
course that could have been ndoplcJ. But, j
i whether right or wrong, t!.e Btnk was in.l
actuated in coming forward by any desire to
1 support Messrs. Wilde, hut exclusively hy a
I desire to sustain the commercial and manu
facturing interests of the country, which
. would Itave been most seriously compromised
by lire sudden failure of this and oilier houses,
whose situation was nearly similar. What
ever, indeed, may be thought ofthc conduct of
the hank in this afl i r, by parties not engaged
a in business, there is not the shadow of a doubt
• thaf it is cordially approved by nine tenths of
the commercial world; and in proof of this,!
wo may mention, that before the Bank took
Mersr.-’. Wihic by tho hand, a guarantee fund
of about 400,000/, had br en subscribed hy
r-rhali indivii!Mils here and in the country,
for the security of the Bunk; nod ■•• cry ahd
ling of tins fund, na w oil an tho cntii ■) capital
ot the partners in tho firm, must .0 h.st before
the Dank can lose anything hy intorfcringlo
ward off their bankruptcy. The Dank, con
sequently, runs very little, or rather, wo should
say no risk in this affair. And the extraor
dinary fuel that rather than allow Messrs.
Wdde to get suddenly into the Gasctlc, pri
vate parlies should have made t I.einsolvCß
responsible to the Bank for so largo asitni,
shows, bettor than volumes ot reasoning, the
strong feeling entertained ns to the injury it
would have occasioned to the trading world.
The other houses, whose condition unfor
tunately approximated in too many puiticu
larsto that of Messrs. Wilde, have alto been
bolstered up. But in the case also r cry large
guarantees where previously procured frum
private parties. If, therefore, considerations
of expediency, or those growing out ofa pe
culiar and unprecedented combination ofeir
cunrslahcos can ever justify the Batik in stop
ping beyond the strict lino of duly, tins cer
tainly is an instance in point. On principle
we are alike hostile to all interference of tho
sort, and know that il never fails to ho produo
live of very many inconveniences. But still,
taking all the circumstances into account, we
rather incline to'think, that, if we had tiro hon
or to possess a seal in tho direction, we
should have supported, though with .extreme
rehutunce ( the advocates of inlet (bronco.
But it said,that in acting us she has done,the
Bank has done no there than justice, tor I hut it
was her misconduct Jirst in making money 100
plcntilnl and too cheap, that templed the
.American houses to adventure su fir beyond
their depth; and second, that it was tho circular
ot September last, that by suddenly discredit
ing their paper, involved them in dilfuiultica.
VVo lake leave, however, to give it fiat con
tradiction to these statements. So far from
the Bank making money plentiful mid cheap,
the fact is, that tiro hull ion in her coffers do
ring the quarter ending on the 12th of Jan.
1889, amounted 7,070,000/., whilst during tho
quarter ended sih of April, 1830, it a mount
ed to 7,801,00/, having increased above 700,
000/. in the interval: and us bullion never, in
tho ordinary course ol trade, llowa except
from where its value-is low to where il is
high, this influx proves beyond tho possibili
ty of cavil or dispute, that instead of being
overloaded, tho currency was then deficient I
And yet we know, and affirm without any (car
of being contradicted by any one acquainted
with the fuels, that at this very period the
American houses are extending I heir engage
ments in all directions, and that the mo
ny-deulers in town and country could not
get too may of their hills, ft is as ab
surd lo charge the discredit of American
paper on tho circular iassetl hy the Bunk
■Vft-jjcoieiulier. Our only objection lo Ihe
conduct of lltCTdTlllfr Ms 1 rtrqTetV--— VWa-j;
culnr, is, that the directors did n»t abide more
rigidly by the rule laid down iu it. The ex
cess of American paper that then began, for
the first lime, to bo forced upon the bank re
quired /hat something should be done to less
en the amount. The circular was a warning
to the Ileuses referred to in it, by which nil of
them might and wuglit to have profiled.—
Some of them, indeed, immediately sat about
contracting their engagements, and cottpcd
entirely to outer into those moreespeciurly.iih
jectetl to by the bank; but it was not the course
followed by the majority; and we believe we
arc within the mark when wo affirm that three
fourths <f the existing engagements of llw em
barrassed houses hum l/cen entered into since
the da c of the circular complained of I
In speaking of tho American houses, we
have been obliged, for reasons that will readi
ly suggest 1 hem.‘■elves, to abstain ns much as
possible from all allusion lo particular linns.
Wo are aware, however, that very great in
justice has boon done iu this, to certain par
ties; and now that tin facts of the case arc
beginning to ho batter known, and that, less
reserve is necessary, we feci it to bo no more
than justice to say, that though the American
houses have generally been in the lust degree
infatuated, and have gone very fur beyond
their moans, 110 such charge can bo made
against some of them. Mcssru. Biring, Bre
mers & Co., and Messrs. Morrison, (.scy
der & Ce., have neither mismanaged their
bus'ness, nor overtraded. Wo feel il the
more ncceaoiry lonnrke tide distinct declara- '
Lon from our knowledge Ur:*.', t 1 ilcnioi.lii have
been must indastriousdy circulated, end even .
pintlislii’d, as lo the heavy losses and loitering
credit of one of those houses, for which there
is not nor ever was so much as the shadow of
a foundation, il there bo otic house more
dotorvingtliau aeolhcf of'confidence,atid cred
it, it isllro very house 1 fiat has been so stupid- 1
ly maligned. Neither Messrs. Baring nor *
Messrs. Morrison ever applied or dreamed of j;
applying to tho hank for assistance though „
they have both subscribed to the guarantee «
fund. They owe their safe position quite
as much to tho skill ami prudent circumspec
tion with which they have inruigcd their
vast resources —resources which, we ure well S
convinced, would have preserved litem firm (
and erect, even though all around had turn- )
hied headlong to the ground. j,
From the New York Commercial Adeerliser,May 15 j
The following is the memorial agreed upon at ,
the meeting of Liverpool merchants. |
“To the Right Hon. the Chancellor of Iris rirajcs- I
ty’s Exchequer. >
“The memorial of the undersigned merchants, ‘
brokers, and other inhabitants connected with (
the trade of Liverpool, . 1
“Respectfully shovvellr, That the distress of the |
mercantile interest is interne beyond example,
and n.at it is rapidly extending lo all ranks and
conditions ofllio eonitnunily, so as to threaten ir
rciricvald: ruin iu all di actions, involving the
prudent with the imprudent, tho manufacturer
with the merchant, and the weavers, spinners, I
and laborers generally, vvillr the mauuficlurertr ‘
t.rcimelvi’S.
“Your memorialists will not now enter on an s
examination oi all the can-. s which have sod I*. ,
the existing convulsion; they are aware that tire /
late high pliers of conrinodi ins mainly contribute <
In produce unfavorable exchanges. These high
[trices have passed, and are now succeeded hy
such a fall as cannot fail in time to attract the
capital of the whole mercantile wotld lo the re
fill'of the present pressure,
“Your memorialists know heller than to ark
for any assistance which could restore high pri
ces; the losses must he borne; ail they humbly
a.-ki. that measure of relief which will save num
bers ol all classes, trout total ruin—ruin not pro
ceeding fiititi insolvency, hut from tho total fin
pn; sil.finy of disposing of their property, in time
to meet their present and approaching engage
men's.
“Your memorialists farther submit that the pro
rent condition of affairs, unless iiinigab d, may
involve hs public peace, ' ■ ' deeply affect ins
Majesty’s revenue.
“Your memorialists therefore pray that these
premises in ay lie taken into immediate considera
tion, and that such relief may be granted as to
your judgment may he deemed imfe and expedient.
“And your meinuiialiats will ever pray.”
Al the Manchester meeting, the following reso
lution was a l tpted, after coiiniJeraltle debate and
much opposition—several of the gentlemen pres
ent contending that the Liverpool merchants and
hankers had no claim for relief from the govern
ment.
! “Tint although tho present situation of tho
commerce of Manchester is not such as to require
assistance from government to this town and
neighborhood, this n\ccluiu is of opinion that,
looking to the probable comleijiienee ofthc hea
vy calamities apprehended hy the merchants of
Liverpool, anil the manner and degree in which
they may affect tho interest of tho manufactur
ing districts, (hb application of that body for aid
should ho supported hy a deputation from this
chamber,"
The (recounts from tho manufacturing dislsicls
arc very hud, and groat numbers of workmen
were out of employ meht.
The re is some little ground for hope, amid all
thisglooitt, iu tho fact that consols and exche
quer hills have not fallen off in [trice.
UGMUKKUIAn
CHAU I.KS ION MAItKGTS. Aloy li.
Cotton. — Received si net) our last to yesltnlay
: morning inclusive, 19 bales t-'t-.i Island, anil 2i07
hale: Upliiwd Lotion. t'l“t>red in Iho sumo time,
1,3 bales Star Island, and 11131I 1 131 bales ot I nland Cot
ton. tin shipboard, not cleared,Sd-.) tubs Sea Isl
and, and 1563 bales of I pland Cullnn. The s.les
have been 1143 hales Uplands, ns follows; —301 10,
107. i»l, 3i>, 9,'; 340,9; 10.87; 20, Si; 90,81; 20, 8;
173, H; 13, 7, and 20 (i cents. Our Livorpo d dates
nro 10 the Htli April—(liar, market continued depict a
od, and it further decline in all descriptions ol Up
lands, of! a d. exeeptiing prime, which remained
without any elmngn Our market remains at last
week’s rales, kill there is a honor enquiry for choice
lots, which are held at higher rates.
Itacon,- 45 hhds. of 1 ('extern .S’idos, brought 9
cents, and a lot ol Almeloiing Hams m boxes, from
9 ti 10 cents.
Exelwnrr. — lltllsnn England are selling out of
doors 11ml It) per cent. Tiro Hank of Charleston
rates are 9 per eenlr pivmnim.
mss ■»»«•> ■ineme.- ■■■«t| wrw (IMl—w———lWl——l
illayluc Buiielligrencc.
Savannah, Miry 18,—Arr. I*r. barque Osprey,
llnrilnt, Hrll, Kng. ; M’:im!)oaiM Florida, Mob hard,
Si. Angustino : Cincinnati, Curry, Silver lilulf.
CIM, whip Olivo Hr m b, Atwood, liuslon ; brig
ItomuiuH, Wniiman, I’rovidnnco.
Wont lOKon, bliip Olivo IJramdi, Atwood, Boston;
britf UoinnliiH, ll aiiman, I’rovidcnob
Nkw York, May 10.—Arr. nliipy Trenton, Bun
null, Savannah; Thomas Biukiiigson, Lyon, do. j
brigs Madison, Zavcrmoro, do.; Mauler, JSiurges,
Cliurltibton.
I*Aii.M>Ki.rnrA, .Vny 17.—Arr. brigs Now Man*
ovur, Cany, .Savannah ; Lnngdun ( liovea, Baker,
< ’liurlcsion.
mm ri nwc«n Wi
On tho morning of tho I lib instant, Jam;
Mr.iKAiiKTiit only daughter of I)r. T. M. and llun
l iulta T. Kobortsnn, aged fourycars, eight months
and seventeen days. She here n painful and
protracted ilineas with n degree of patience and
HiilmiMoti seldom witnessed in one so young.
A U4RE9.
A VOTING man, wi» lung employment, inny find
a situation in a Drug store in ibis c ity, where
facilities will ho afforded him of learning Ibo drug
business, and whom kind nt unilion will bo paid to
ins morals and general improvement; and, if ho
should desire lo become a regular npprentic •, be
shall be thoroughly hinght tho business ofa drug
gist nnd apothecary, which instruction shall include
at least two courses of lectures m Chnniatry in tho
monuilrt'ofgoonTTmrrtbnrr- A lad
from tho country, ot II to Its yunr.o
ho pridunvd. An application rddreasod through tho
Pont Olficoto hox'-ioi, Augusta, (Ju , will mod with
nimntion.
Augusta, !May 17, 1837 swStwl 115
ffjOitlf fit Thin.
■JJ AA HOLLA U/V Reward for the apprehension
h v v . r of my woman SAUV, who absconded
about eighteen mon lis pad. #h6 is yellow eoiu
l lee led, about 5 (cot high, and Inn Inst one of her
(■ye-lecih; sha goes by the name of .Vary or /.folly,
ns host suits her convenience, and ran i -a with her a
ticket, & perhaps fn c papers—nhochanges her nppn
ivl iurinr.h'H, th «l she may deceive those who might
otherwise know'her. Her husband, (.diaries, be
longs lo Mrs. McKinnon,of Augusta, nnd ns grind
n villain an ever went unhung; he goes in the steam
boat Fon stcr, formerly in the Washington. I fore
warn nil person*, especially Masters of Vessels nnd
Cnpluins of slenmlmats lobe aware, ns IVo law' will
ho regularly enforced, MIJRIIAY IMOKI), sen.
{JO* Tho Augusta Ldironiul & .Sent, will insert
tho above onco a week lor four weeks, and scud
I heir hill to nr* lor settlement.
Savannah, may 8 107
Z X/ IKiRKAS.n person byname W. L. Footer,
\'V tins for linen months past, been nnruha*iing I
Lands in t(io nnrrounding counties fop Inn snhscri- i
her. , ihi; i focnulion all porr.ouft from trading for tiny i
Lands oimdin-c Iby said Fo.Kr men ‘Jib February <
lass, n.ill aUpirrcon;, from whom homey have bought -
I mm's will confer a Invar hv informing the Hiibscri- •
hera without delay. iITIiWiILL A ÜBLAU.
M. uon, A/Siy 8, 1857.
'J'liu Align, in .h'enlinel, Federal Union, and Ash- .
e.vs Whig will ms il iljo above 1 lim B,nnd forward rj
liicir hilis lo 11. &O. (may 10 4t lOSI n
tiTATF OF CliJ* 1, f in the • nocrior Court,
JUr/nunn;' County. $ January Term, 1837.
Flea .or Jane Uocd, )
vh, > Lihdfor Divorce.
Uichanl Bond. ;
£T appearing to the Court by the return o the 1
i>ej)iity Sheriff, that the defendant iu not >0 he P
found—ii in ordered that Ko appear, and file his an- d
sw. rin said cause, at the next lenn, ou the Court d
will proceed, n« in case of judgment hj default. It
is further ordered that this rule he published in one
of the Gazette* of the city of Augusta, for the apace “
of three months prior to the noxi term.
A true extract from the minutes of said Court.
JA M ETS M cLA W S\ Clerk. t
March 1 w3m 4‘J ( .
$ 104) Ken :ei*(l loe I lie M Itlef. j
otTUl.l'N un the 2f/i Ft April, 1837, frutn lire stilt- .
W Kcrilrcr’r I’lanmtion on tiro t/alimafjjeO River,
Twigs' county, Goo , a rlctip blood bay Marc, in
gmnf orthff, lull otairi and loil.etir in her forehoatl, \
mill hind Ibel white, and lias llto a|iiit’Uianco of Hiring -
hull,which can hy btosq ohsiiryalton lift rliH<*ovct*'‘ii. 1
will give Hire lltimlrid Dollars reward forlltnnp
|ir«hcnsii;n ofllio Thit-fi it while infill, ilhiiirt 0 led .
higli, tlini visage i ho wore off' a while but with |
frapo rmud it, mid a brown _Crock coal, and light c
colored |)aiitaliH<n» —lie calls his name Joseph .Griffin, o
1 will iitrlhor give $39 for the discovery ol tiro More
alone, and pay all expenses attending it, and ho thank
ful ior any infofrimtKi'n respecting Iter or tiro thief.—
Direct In Louisville, (foe. In
may 12 l.n ALGERNON S. BRYAN.
Ulurk’M MiioK'l. ,j
UnuriiniA R. C. i
J HAVE lire pleasure to infirm the ptililic') that it
lire li'tovc tint'd will h6«|iciii:il nn Sulinility, the n
1 Mil inslntil, hy Messrs. J. M hoach, dr A. 'I hemp
sntt, (hr Ilia iiccninodalinn of nil ic:i/m taUc persons -
lltat may think proper to coll. 1 have no hesitation
in r-c 'tii’.iionditi’'them i.s well qualified lo keep a j
well rc/uliili il, qm I, onl r ' j honsf, and have no ■
ilonht h'nl liny will give ■<■•lier.il i. tlisl iclji.ii to/feu- |
It' nmi mid In /■ '■ 7. hos linn- jientlenn.n have |
mi isle 1 main lie- how ! fire «iv rM y, ms, (
W. CLAUiC,y«r/oer l'r pricier.
L4.2E s ’./ RO.VHI,) p n . ( Vrnnrh . torf h
A. THOJ/l SON, S roprmoit,
m-.reli 20 w 3. n C.'t -
A uotfil Hai'g-iiui. (
TUBSnhserilicrrlctarmlnod on rnov- |
f ■,' : i jng to the Wi st i now desirous lo dis
\inm l'" a " oi his House and 7.0 l 'ihrnr l l v oe- •
Jv \ f ■}s,„ eii [lied as a Tavern) in the town of Man
roe, Walton county, G«., which is Wi ll improved ( j
vu'lli a St re Room very neatly /i ted up, and a ve
ry eOriimodiniis Dwelling (with all tho neePK .iry net
hiiiiingS and f.vn hack lot-) in a very pleasant a ! d
tire mo;, L business pari of the villa" ). Any person .
wishing to purchase w ill do w ell to cell and examine
the p*tqr ny.
Also, 115 Acres of Land Imaisdiatr-Iy adjoining
ti e village. As to health nnd coa.l hcluols this vifi (
l-)»e is will known is nutsurp; ‘-ed hy any in Hour- ,
„iS. WM. A. DRAKE. ,
Monroe, On., April 7 w3m 81 j
O'liUHlt I A, Seri een Cmmty:
/ a tohUSII before mn,hy Saipuol Gl:arllon,of the
J. 38ih List., O M , ono black Horse, supposed
by Jno H Nnnllinnd James VV Rnwic, to bo seven
years old, thirteen hands and a half high—small
whilespat in h’a fo’ehead, soma white spots on his
shoulder, natural trotter—appraised at forty-five dot
[art (345) JESaE GREGORY, J. I*. ,
26rh April, 1837
Alruoexlrar.tJrom the eslray hook.
may 12 Slw JOSHUA TERRY, c. t. c». e.
"=... -i mj
AHgMs(a Chronicle.
PSERSONR indebted to the Augusta Ciißoiff*'
♦;lk provioHß lo ihe first of January Inst, nro
onrnaiiy rorjuc>trd to make immediate payment ns
, it is highly desirable to ihe late proprietor* to close
all their old bu>ji eg* with that cstnhlishmeni os early
as practicable. They will toko the risk ol remittances
hy nml, where the Postmaster’s certificate ofthe re
mittane i wbiuincd, uj.d fbr warded to them in CO* ' r f.
serf of iailnre; and where the amount is such as rorl
not he enclosed in n letter, those who have other
accounts in the city, (at the Chronicle & Sentiml,
office,or any other ofileo or commercial house,) by
remitting an nddilionat sum to makeup an even
bank note or note*, may have thfe surplus placed I a
their credit there, and a receipt returned on tho
sdmesheet os that of the Augusta Chronicle
Direct to A. 11. TEMBERTON, or
A. H. & W. F. PEMBERTON.
may 1 )wif 101
*- V li vi. Tiav siM PlJl AND Co£>
LECTION AGENCY,
undersigned, Infceditor and proprietor of
. the Auiruulu Chroniclei bating the extensive hu
smogs of that establish met to close, and conscious
from long experience, how much such a facility is
needed* at louat by the/'m?*, ii disposed to connect
with it a (i ncral Aif cur y for die Cdllcclibn of /foist*
fii/irr and o.hcr Debts, m this and the neighbor
ing on thorn •Sint' > r,niul will travel almost continunU
• »y present them himself. •Should th<‘ business offer
ed Ins sufficient, the agency will he made
one—and while his long connection with the
/ res.? and consequent know ledge of, its peculiar re
quisitions and benefits (loin such on Agency, ami
I his extensive personal acquaintance with the locnh
-1 ties and people ot the country, afford peculiar facili*
3 ti's lor the performance of il/j duties, he trusts thus
suitable enquiries will leave no doubt of his prompt
f and faithful attention to thorn.
1 may «f wif 103 A. H. PEMBERTON.
t Extensive Sale of Valuable
PROPERTY.
WILL I>c f ol<l, on Monday the 22d instant, of
Public Auction, in the town of Wilmington;
N. C., the follow ing Property, belonging io the ei.
tain of Uilii.am Puiignll, Esq., deceased, on a credit
of nix months, viz
■ 2GUU hhls Turpentine, (or thereabouts,) lying
on ilia U (nut, and now in (hippingorder/
200 bids Tar, also in shipping order,
17 bales Cotton,
2.i hhd.i MolasbCl,
50 casks l ime,
57 bags Coffee,
7 Idols Sugar,
7 boxes do.
2 Mils do.
Ki bids prime llocf,
20 hoxi s Window Glass,
I Idnl Leaf Tobacco,
700 1 11 in lids /Horn Salt, (or thereabout.)
10 sacks Liverpool do.
And Ihe halam c of Stock of Ship Chandlery, did*
One Horse, Gig, Urny ami Can.
Also, household ami kitchen Furniture, eon-,
sislmg of ( h iirs, Tallies, ileda and Bedding, Side
hoards, liiircnns, booking Glasses, Carpels, &e. &c.
Also, on Saturday thu 27ili instant, in the town
ofpiiycltcvillc, a quantity of 3/olasses, Salt, Sugar,
Coffee, ijx*.
Also, on Thursday, the Ist day o( Juno nnxt, the'
follow mg property, belonging to the same estate,
viz—
Tim .Schooner Caromne, threo years old nnxt
June, copper liislcned and coppered cighlcen inches
above light waier murk, 189 ions, high deck, built in
this Stale of the most dnniblc hmlcrials—live-oak,
n d cedar, and pitch pine,—carries a largo cargo, is a
first rate sailer, audio every reipect a first rate ves
sel, being well Imrnl in i vory particular, and now
ready to receive a cargo, draws 101 lout, deep load
ed.
Schooner Cai.eii Niciioi.s, four years old thi<
nmnlli, 102 lons, high dock, copper lasteiiod, limit
-alali-11) this .Stale, and of same materials us Caro
line, well, is well lound and in first
rate ordi r, and nnw"r®tT>dtCrcceivu u cargo, draws
10 led, when deep loaded. ~ —--
Steamer Wii.mimjtov, not twelve monifii'ijMv'v—
also built in lids Slate, oflho very host male; inis,
125 led long, 21 feel li mm, 71 feet hold, with n prom,
enadedeek, has a horizontal high pressure Engine'
ol HO horse power, III! inches cylinder,7 ibel stroke,
5 wrought non In.ilers, 21 fi.et long and 20 inches
diameter, working John Kirkpatrick’s patent valve.
'I his Pont was l.nilt expressly for tliu shoal water
of the Cape fear lilvd', and is well calculated liic
any trail.) iv hero large cargo, very light draft ot wat
er, speed and power, ore required. She lias proved
n Him rate tower.
Tow Hoot Peten Ross, 98 feet long, 10 feel wide,
" loot deep, draws 10 inches w hen light, six month*
old, an I i nrii".')over 100 Inna.
Tow Peat Favkttevii.i.e, 88 fi cl long, Ifi foot
wide, 3 loot deep, draws G inches light, and will
carry equal m 80 tons,—about lour months old.—
Both these Boats have complete suls i f Tarpaulins.
Also, an upon Pi. AT, intended lot very shoal wat
er.
_ At the same fiino will also ho hired a number of
Negroes, fin I lie reme'ihder of ihe year.,
O ff. PARSLEY, Adrfiinistratur.
Il’ilmiiiglWq N.C., M.iy 1,1837. , ?
25- Tim Kdilurs of IhoChornw Gazette. Augusta
R cnlii| I, Columbia Tele scope, and Charleston Cour
ier, will insert the above once a week till day of sale,
in their rcHpoelivo papers, and forward their ac
counts to O. G PARSLEY.
—Kuyd textile Observer, may 10 wtd 10'J
£0 \c c i i Tor?# Notkei
A 1.1. persons indebted to the estate of William
10. Bolder, ip ee.,sed, nro requested lo make imme
diate payment to me, and those having demands
against said estate ate notified to render thorn is?
within the usual lime required hy law.
EP). W. COLLIER, Ex’r.
npnl 19 Wit yj
Afiiujmifiii'iuor ’s Notice.
A LI. porsuns indebted lo Alexander Warren, do*
. coated,of Burke rounly, will mnko imma lists
payment,and those to.whom tho deceased is in
debted, will render in tlieir uceunnts properly au
thenticated, within the time prescribed hy law
iIENRY CHANCE, Adm.
epril 27,1837 w4t 98
AdiiimikUrator’M Notice,
A LL persons having demands against ihe Estate
t rn. of Fielding Fryer, son., deceased, late of Burke
county, are requested lo present them within that
lime prescribed hy law, duly authenticated ; and
the c indebted to said Eutato, will make immediate
payment to cither of the undersigned..
MELDING FltYl.K, Jun.) . , ,
iML'LFORU MARSH. f Adran.
Waynesboro’, May 10. 1827. [may 17 wCt
,S if min istr/r tor’s Notice.
ALL persons indebted to the la o Ster'ing D.
Eason, dee'll, nro n quested to make immediate
payment, an 1 those lo whom tho deceased was in
debted, will render in their accounts, &c. property
authenticated, to
BENI All S CARSWELL, odm’r.
may 13, 18A7 112
Executor’* Notice.
4 LL persons having claims against the estate of
/(L Eliza .Milton,'lnto of the county of Jefferson,
deceased nro requested to present them duly authen
ticated within tho time proscribed hy law, and those,'
indebted lo the estate are required to make immedi
ate payment. ROGER L. GAMBLE,
may A wCt 101 Executor.
eiiltit in istrn tor’s Nolice7~
ON the find Tuesday in July, will he Bold, at
Cummings, Forsyth county, a good L ot of
land, in ( lienkoo, I A No. 1107, 14th Distinct,
Ll Section, sold hy order of the Hon. the Inferior
Court of Columbia county, os the real astnto ot
.las. L. Lonsdale, deceased, for the benefit of the
It-irs and creditors of said estate,
may 10 108 KENJ. S.COX, Adm’r.
OK 0110 IA, O’dumt.ia Cuuntijt
O BAHIA II S. MORRIS, tales before mo n Jus
te col the Pence,'one flee-hitloti Gmy Horse
4 loot 10 or 11 inches high, badly h’lu shoUed in the
right hip branded on the left shoulder and hip (not
intelligtdfie) Jsupposoil to he eight years old. Apprait
eil hv Win. 8. Jones and '.Valter J. Jones, at twenty
live doll irs. JASIES BCRNsIDE, J. P.
upril 20, 1837
A true uxlracl from the estray book,
may 3 103 liAVIf) HARKIB6. cfe.
»Seim iniHtrnlor's Notice.
P7AOUU months after date, application
Ic' made hy the undersigned, lo tho Honorable the v ;
Court of l Irdtnnry ot Burke ronnlji, for leave to sell
the who’ie, or« part of tho Real Estate and Negroes,'
of Fielding Fryer, sen., deceased, late of Burke coun
ly ; for benefit of the heirs and creditors.
FIELDING FRYER, Jun.» ...
MURLFORD MARSH y Adm ”•
Waynesboro’, A/ay 10, 1837. J? [may 17 Imlt
“iTiHi a :Vi wS cal orwNotice.
SjtoUß months afterdate, appliflition will boroadat
' to the honorable; tho Inferior Court of Jeffer
son county, when sitting far ordinaty purposes, foJ
leave to sell all the Land belonging lo the Eatata of
Or v sou Fonder, deceased. . ,
May 15, 1837. J V 3. 31. NllTfl A I oft
ra*7 17
AT