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tAjjSBgSB
i
plan tis
tor the Currency of the U. ST Bank : the ad- ’
milled failure of lliaV plan ; tlm !»•<* alter- '
ihought of a Metallic Currency, end the sd
missions of the Executive that, it has do-tray- 1
tul tho Currency, “and dono liUlo”JtWvard» in- 1
traducing another. Wd give the luxury of '
the whole process aa it is furnished 1-y the ‘
documents of the Executive Department. !
•Such a seiies of failures, frauds, and false
hoods, broken promises and exploded experi
ment* as are exhibited in the following para- |
graphs disgraces the diplomatic history ot no
other administration, popular or despotic, that
has ever fallen under oar observation.
tub nil urnnrirr r> evil to be remedied.
] 080.
“It must bo Admitted by all that it (tho U.
H. Hank) lias failed in tho great end ol estab
lishing a uniform and sound currency."—An
drew Jackson.
Augmentation if Executive Power the real
object.
“I submit to the wisdom of the Legislature
whether a National one, (Bank) founded upon
the credit of [he G6c~.rnmc.nl and its revenues,
might not be devised which would avoid all
constitutional difficulties, at the same tme
secure all the advantages to the Government
and Country that were expected to result from
the present Hank."— lb.
1680
HINT OF AN EXEpDLIVK BANE AND TUB SUB
uriTurr, run U. U. dim.*.
“It is though practicable to organize auch
n bank with the nocesary officers, as a branch
if the Treasury Department. Tbe Stales
would be strengthened by having in their
hands the means of furnishing the heal paper
currency through their own hanks " — Awi>r.m
Jackson. [Hero is the original plan. Not a
syllable of Hie Uetull.c Currency in either of
those nitjusagas. Tins jail of the Humbug
was entirely an afterthought. The original
plan was to substitute a (Internment Hank for
the Hank of the U, ti. and to furnish Hie I'eo
pic wiih « Taper Currency of the Local
Hanks.]
1831.
“Entertaining t o opinions homtofore ex
pressed in relation to the Han!; of the ft. 8.
as at present organized, * • I leave it
for the pioaenl to tbu investigation ofan en
-1 >ghtoned jicople and their representatives ”
A. Jackson.
| Tlioir represent alive* accordingly invest!,
gatod th;subject and rooliaftorod the Bank]
I Sit'd.
TUB ACT PREMATURE.
“Whatever intercut or influence ban given
birth to this act, it cannot be found cither in
the wishes or necessities of the Executive
Department, by which prebent action
i« deemed premature,” —Andrew Jack
son’s Veto.
[And thin after tho atibjoot had been three
limes brought to the attention of Congress by
the Executive itself.]
“Neither upon the propriety of present ac
tion, nor upon the provisions of tins act was
the Executive consulted,"— lb.
[lt is a singular Ihcl that the phrase Mu.
tamo Currency, or Better Currency,
docs uni occur in ilia Veto Message, nor is
there the hliglitortl intimation that the Execu
tive contemplated nl that lime imy other sub
•litnto for the hills el’ the United Kialos
Hank than the tapiit. currency of run LO
CAL BANKS j
nGUOVAt. in _l|||i llJPO'lf w l "*' || I |Hl| T*
k TED.
“Such MijJisuroj ns arc within the roach of
the Secretary oftho 'i'tor.siuy have boon la
ken to cipfnle him to judge wliothor tbe pit
Ho iloMfaitoa in that institution (U. 8. Ban
limy regarded an entirely safe ; but an his
Ipmjfrd power may prove tnlid 'quale to this oh
-j** 1 I recommend the mibj >,t to the attention
if Congress, under the firm belief that it is
worthy of their serious inverligalum. An in
quiry into ili:- transactions of the institution,
embracing the brandies ns well hh the princi
pal bank, seems called for by the credit which
is given throughout the country to many seri
ous charges impeaching its churacier, ami
wlitoli, il true, may justly excite the apprehen
sion that it is union gtra safe depository of the
money of ihc people."
[Here is a wanton and deliberate attack by
the Executive on the cm lit of uu institution
which was the disbursing Agent of the Coy.
eminent, held millions of its avenue, and in
which Ihc Government won a stockholder to
tho amount of $7,001),000. The confidential
ngeut ot the Treasury, Appointed to inveali
gale the affairs of tho Buik, reported almost
siifmkauemisly to tho Department, that “neith
er the solvency of the Hank nor the security
of the Depositps would admit of a doubt,”—
Congress w»h satisfied that Ihc pretended ap
prehensions of the President were
mid that Ins charges were
gird even to ro
study to preserve. The
House, UiortfhKj by a vote of 101) to 40, do
clnrod that, the Gfuvorntncut Depositee were
eafo in the Bank of the United States.]
183 d.
It is a remarkable fact that the message of
1833 of President Jackson, in its paragraphs
on the Hank Question, like nil the previous
messages from 1821), makes no rdcrenoo to a
Metallic Currency—ond contemplates no oth
er substitute for the currency ol tliu U. Stales
Hunk than the Paper Currency or the
local banks. The long report of Mr. Sec
retary Taney, apologetic for the removal ol
the Depositee, makes no rofurcnce to a Ms
tam.io Currency, and promises nothing hut
n Currency, to bo furnished
by the S/a(s Hanks
Wo copy from the rcpoit of my Secretary
n devolopemunt oftlie plans ofllie Executive :
“It is well nnderatoiul tint tbe superior
credit heretofore enjoyed by the n >tcs ot the j
U. S. Hank, was not 'founded on any part it -
nlrr confidence In its management or solidity.
It was occasioned ai.tocii; rnuu by the agree,
ment on behalf of the public in the act of in
corporation to receive them in all payments
to the United slates; and it was this pledge
on the part of the Government which gave ■
general currency to the note? payable at re
mote branches. The same engagotuouts, in
favor of any other Mionieil institution would
4jivo its notes equal end.l, and make them
equally convenient cot the purpose of com
merce.”
[To wit—Til - rime engagements in favor
of the Pels —would m ,, !;e tho notes of a Buf
falo, Natchez, nr Now Orleans branch worth
one hundred cents on the dollar in Hasten.
Why does hot the Government make such
engagements 7]
“But this obligation on tho part of tho Uoi
led States”—-tho Secretary continues, “will
cease when the charier expires; and as goou
ns this happens all the outstanding notes of
the Hank will lose the peculiar value they
now possess, and the notes payable at distant
places becomes ns much depreciated as the
notes of the local banks."
[Not onlv is this not tho case—hut all the
bills of the U. S. Bank have been at a pre
mium in every part ol the Country; while the
local Bills hove been at a discount in many
places of from sto 27 per cent. What would
a Bill of a Western Del H ffik be worth in this
city, compared with a Hill of the same nomi
nal amount oflhe old or new Bank of the U.
b.n
.Again let mt Scc'y speak the views of the i
|Mfr f ft*a i- >• ' iyg**.
if u* ■ ■ *-
■’ -
■ ■
and will
commerce, and in the busi- 1
ness of Domestic Excharges quite equal to my
which the community heretofore enjoyed.”
Not a syllable thus far from the president jj
or my secretary of a metallic currency. The
only proposed substitute for the currency of s
the United .States Hank if the paper currency £
of the. local hanks. And this was the filln
yeir of the warfare on the National Bank, t
1834.
Tho expositions that were made by the i
j Whig members of Congress during the sea- i
cion of 1883 34 demonstrated so clearly the i
incompetency of the Slate Banks to furnish •
a sour: 1 end uniform currency, tint the Exc- 1i
eut.ve was compelled to shift its ground, and I
the next rising of the curtain was to the
first Eceno of tbe gold Humbug.
FIKHV HINT OF A METALIC CURRENCY.
“The progreess of our Gold Coinage is
creditable to the officers of tbe mint, and
promises in a short period to furnish the coun
try with a soinH 4' portable currency which
will much «hiniui»u the inconvenience to trav
eller!! of general paper currency, should the
state banks be incapable of f urnishing it.”—
Jackson’* Message of’Di.
[Hero is tbe first intimation of any doubt
on the part of the Executive of the ability of
the State Hunks to furnish a suitable Paper
Currency for the country; and l#eie is the first
indistinct and vague him of a specie currency
It is only a virtual admission of tbu failure
of the first experiment.]
1835
The Message of 1630 repeats the assertion
that the Biiik of tho United Hiatus had not
furnished the country; with a sound currency,
but withdraws the doubts ol the cspuciiy of Die
State Banks, snd omens point blank that
they have supplied the “aunts of the cotnmu
-1 nity, in relation to Exchange snd Currency ns
u<etl as they hate eler beenj)efore." It asserts
also in the most iinqnalili' d manner that the
| circulating medium has been greatly improved.
This message is the first document of the
administration in which the metalic currency
cuts any distinguished figure. In this paper
lie rays that it Uongresa will do so and ho
and (our and twenty Htste legislatures will do
so and so—“it is apparent that Gold and Sit
■ ver will become tho principal circulating me-,
dium.” Congress and four and twenty Statu
Legislatures, did nut Agree with the General,
and the consequence is what we have setn,
the destruction of a sound and uniform cur
rew.y and the substitution ofan unsound and
fluctuating currency in the paper oftho local
banks.
1630.
1 We have traced the documentary history
1 oT the warfare on tho Bank, from its coin
; mencemcnt in 1829; when the attack was
made on the express ground that the “Bank
failed to establish a sound ami uniform cur
rency.”
Thin c money it was proposed to improve
by subatiiiiting the belter paper Currency of
tile local banks; mid thin remained for live
years the policy oftho administration.
As the community became aware by reflec
tion mid experience that these banka could
nut furnish n. general circulating medium, and
'hat they did not as per agreement ‘ honor
each others notes and drafts,” it became ne
cessary to r nko still another promise—to fur
nioli a substitute for the substitute which had
been given ns for the currency of the U, >S.
Bank. And liew^i* it with this substituted
t fubititutoX- ATTer eight years of incessant
ami iiarasß'iig interference with the currency,
what has been attained by President Jock-
Ben’s own showing! Let the message of
1839 npeak (nr him.
"Although various dangers to our republi
can institutions have been obviated by the
failure of that Bank to extort from the Gov
ernment a renewal of its charter, it in obvious
that little has been accomplished except a sal.
utary change of public opinion, towards re
storing to the country the sound currency
provided by the Constitution.”
And how much la that little) And what
is that salutaty change in public opinion?
1. Three hundred and fifty seven new
banks have been created. 2. One hundred
and seventy-nine millions have been added
to the banking capital. 3. The circulation
of paper money has increased § 123,500,000.
4. Loans and discounts have been increased
$308,000,000.
And (his is the marvellous good for which
wo endured so much I This is tho result for
w hich wo have passed tlnoiigh so lU^ftTsiTT-’’
(ormg, and ate now the
wide spread devastation ! AqtfThe Executive
looks calmly on—exulting iu
r( has caused—and np-
justification of its measures to |
the , VK , that
(UVeiiJ^ 1 HIM the
ill which
they have resulted.
POSTSCRIPT.
Since writing and above, we have received
further intelligence of tbe Better Currency—
the "mi proved circulating medium”—of which
General Jackson so learnedly discourses in
his messages. The .Safety Pund and Depos
ilo Hank? in Now York have (suspended epe
cie Payments. This is the— -finale, ihc’denou.
meat of the Gold Humbug. Gen. Jackson’s
humble, efforts" for the restoration of the
Constitutional Currency— have compelled the
Bunks to suspend Specie Payments, and have
literally cursed the country with a currency
of Bags.—Truly did Daniel Webster say in
the memorable session of 32-'3l—"l would
say to every honest man every where, who
wishes by honest means to gain an honest
MviNo--Be\viro of wolves in sheep’s cloth
ing; whoever attempts, under whatever pop
ular erv, to shako the utahilitv ok tub
Public- Currency, bring on distress in mo
nay matters, ami drive i us country into
PaVek Money, staus youk interest and
your iiArn.utvs to the heart! And
whoever has the wickedness to conceive and
the hardihood to avow, a purpose to break
down what has been found in forty years' ex
perience essential to tire protection ol all in
terests by arraying one class against another,
nml by acting on such u principle, us that the
i roor always hate the rich, shows himself the
reckless enemy of all . An enemy to his
whole country, to all classes, audio eve
ry man in ir. Ii» deserves to he marked
especially as the POOR MAN’S CI7IIBL.
P'rcm the Rational da lle.
We present to our readers to-duy a third letter
!;> Mr. Adam* from the President of tbe Bunk of
the United Stales, which will be lead with not
loss and advantage than the preceding
ones. It is a perfectly clear ami satisfactory ex
port lion of the existing slate ol things, slid can
not fail to carry conviction to the minds of all.
il shews that the course adopted by the Banks of
Philadelphia was imperatively demanded by
circumstances beyond their control, and that it
will be most conducive to the ultimate benefit
of tho community and country —'111111 the Bank
of the United States has been actuated in this
measure by the snmo spirit of patriotism and
wisdom which has guided all its proceedings, and
dial it will bo ready at a moment’s warning to do
its part in bringing matters to their fanner con
dition of peace and prosperity,
Philadelphia, May 13/A, 1837,
Mi Dkau Sibi You were good enough to ex
press a wish to know my own views on the pre
sent state of things, ami I hasten to give them
without reserve.
You may perhaps remember that in my letter
to you of the 11th of November last, 1 stated
BP*
prTT; r: i -;..' lia-.r adopti
g? - - be restored m twenty-faur hours
at least in as many days.” Bix months ■
Further experience lias only confirmed my opin
ion. I believe now, as I believed then, that lire
events of this week might have been readily pre
vented—and that the unhappy prcscvoranco in j'
the measures then deprecated has reduced the 1 1
country to its j resent condition. Hut I have no
leisure now to discuss the subject, and no disposi
tion to indulge in unavailing rcgicts. It will
bo more profitable to look distinctly at the present
position of the hanks and the country, and to sug
gest their respective duties to themselves and to
each other.
Ail the deposito bnnksof the Oovernment of
the United States, in the city of New York, sus
pended specie payments this week —the deposito
banks elsewhere have followed their example;
w hich was of course adopted by the slate banks
not connected with the Government. I say of
coerce, because it is certain that when the Gov
ernment banks cease to pay specie, all the other
hanks must cca|p, and for this clear reason.---
The great creditor in the United States is the
Government, ft receives for duties the notes of
the various banks, which are placed for collcclion
in certain Government banks and arc paid to
tho’c Government banks, in specie, if requested.
Now 'f these Government Hanks, the deposi
tories ofti.t* public revenue, will not pay specie,
for the very wu r rants drawn upon them by the
Treasury the Government of the United Hides
from that moment c eases to pay specie to the
citizens of the United Sudes. As moreover the
Government receive.! ten' dupes only specie and
the notes of specie-paying t,\ ,n ks, ll* c instant i'.s
own deposile Hanks cease to " a y “liccic, th‘
Government must refuse to receive the not'’ t>fh»
own deposit Hanks <Sc can receive no notes exeef *
those of Hanks not deposile Hanks, On the 0r.."
hand then the Government is hound to pay its
debts in specie, ami it has no means of procuring
specie except from the Batiks not connected
with the Treasury, so that these Hanks find all
their notes collected and paid into the Treasury
for duties, converted immediately into specie for
the use of the Government—while the deposile
Hanks will not pay their debts to thejother Uanka
in specie nor pay the Treasury warrants in spe
cc. Take for instance the example. The claim
ant under the Trench indemnity had certain mo
neys due to him in France. The Goverment
imported it in gold lor him—and when the day
of distribution arrived, he obtained an order for
his portion. Hut instead of his receiving Ida
own share of Ids own proper identical gold, ho
has received neither gold nor silver, hut the notes
of the deposit Hanks—which very notes the
Government itself would refuse to receive from
lids very claimant for any debt which he might
owe to the Government.
Ho long therefore, ns the government and the
Government Hanks will not pay specie to other
Hanks it would bo rashness in those Hanks to pay
specie to them, as they cannot make a discrimi
nation in those whom they will pay,(he only alter
native it is to concur with the Government Hanks
in the general suspension. Our I’hiladcphia
Hanks saw this. 'They thought it useless to car
ry on so unequal an intercourse, in which they
were to pay to N. York, while New York refused
to pay to Pennsylvania, for if the Pennsylvania
Hunks paid while those of N. York did not the
whole revenue would have been turned into Pen
sylvania netes and specie demanded.
In the midst of these disorders the Hank of the
United Slates occupies a peculiar position, and
has special duties. Hud it consulted merely its
own strength, it would have continued its pay
ments without reserve. But,
Ist. Hike nil other Pennsylvania Hanks it
owed a duly to the citizens of our own Slate; and
it was not disposed to stand aloof from a general
movement of the other state institutions, which
however it might regret, it could not censure.
2d. It was not inclined, moreover, >o discredit,
by a refusal to revive it, the paperjof die other
.Slate Hunks which had ceased to pay specie, still
less to force its Pennsylvania debtors to pvy their
debts in specie,when other citizens in olhci States
were allowed to pay in a loss costly medium; thus
breaking down lor the benefit of the States, the
merchant and manufacturers and mechanics of
Pennsylvania.
3d. While the vaults of all the other hanks
were closed, the Government of the United States
would have no resource to procure specie, but the
Dank of the United States, wnicll ought not (c as
sume the risk of being the only source of supply
for bullion to the Government and the land offices
ns well as for exportation,
4th. The Deposit Hanks of the Government
would not pay their debts to the Hank of the Uni
ted Stales, Why then should the Hank of the
United Stales pay to these Institutions on ac
count of the Government, specie for their notes,
when these very Hanks would not pay their own
debts! There would have been an equal want of
reciprocity and of justice in such a proceeding.
There was another reason against it, final and
decisive. From the moment that
Hanks of Now York their
manifest that all the other
1 i/hjiVr»ii flanks must do the same, that there must
he a universal suspension throughout the coun
try, and that the Treasury itself, in the midst of
its nominal abundance, must bo practically bank
rupt. •
In such a stale of thijuanfr | lrJ , nn „„",, ", nn
Vnowto escape from it—how to provide at the
earliest practicable moment to change a condi
tion which should not bo tolerated beyond iho
necessity which commanded it, The old associ
ations, the extensive connections, the established
credit, the large capital of the Hank of the Uni
ted States render it the natural rallying point
of the country for the resumption of specie pay
ments. It seemed wiser therefore not to waste
its strength in a struggle which might ho doubt
ful while the Executive persevered in its present
policy, but to husband all its resources, so as to
profit by the first favorable moment to take the
lead in the early resumption of specie payments.
Accordingly, the Hank of the United Stales as
oumcsjhal position. From this moment its dibits
will bu to keep itself strong, and to make itself
stronger—always prepared and always anxious
to assist in recalling the currency and the ex
changes of the country, to the point from which
they have fallen. It will co-operate cordially and
zealously with iho Government, with the Govern
ment Banks, with all the other Hanks, and with
any other influences which can aid in that ob
ject.
In the meantime, two great duties devolve on
the Banka and the country.
Tim first foreign nations—iho second
our own. W c owe a debt to foreigners, by no
means largo for our resources, but disproportion
ed to out present means of payment. We must
lake euro that this late measure shall not seem to
be nn effort to avoid the payment of our honest
debts to them.—We have worn, and eaten and
drunk (he produce of their industry—too much of
all perhaps, but that is our fault, not theirs. We
may lake less hereafter, but theccuntry is dishon
oured unless we discharge that debt to the utter
most faulting.
The second duly is to ourselves. Wo should
bear constantly in mind that the step which has
been taken is excusable only on the ground of an
overruling necessity. We must not make the
icmcdy itself a disease. It must not be the pre
text of extravagant loans or issues. These arc
already sufficiently inflated, and if we have vol
untarily removed the most familiar and estab
lished checks upon all issues, their immediate
convertibility into coin—it is our duly to substi
tute some effectual restraints which may enable
us to restore the currency without delay or diffi
culty to a safe and wholesome condition. The
result of the w hole is, that a great disaster has
befallen tho country. Its existence thus far is
only a misfortune, —its continuance will be a re
proach, from which nil true men must rally to
save her. Wo must try to render it as short as
possible, waiting patiently and calmly for tho
action of the Government, and in the mean time
diminishing its dangers by great prudence and)
forbearance. For myself, you know how zealous i
ly I have labored to avert tins misfortune. With t
not less anxiety shall 1 now strive to repair it. j
With great respect and regard, vours,
N. HIDDLE. |
Hon. J. Q. Adams, Quincy, Mass. i
mi it ii mu ‘i mr ih
CHRONICLE AND SENTINEL. la
AUGUSTA. it
Thnrfxiay Evening-,■ May 25.18b7. c:
■ ;■ n . ‘‘- r ir
Wo understand that tho Commercial Hank p
ofMacon,lhe Hank of Columbus, and the Insu- i>
ranee Hank of Columbus, arc resolved to contin- a
ue specie payments to the uttermost farthing. c
Each of those banks may bo, and we believe arc, v
able to take up all their notes, but it is noverthe- c
lass a suicidal policy. p
t
The Standard of.Union promises to goat largo
into the subject of the proceedings of tho “Nulli
fication” Convention in his next paper. The
Standard is published on Monday evening—so (
we shall not expect to hear thunder for a day or c
so yet. c
-—— i
“ Oat of thine own mouth willl condemn thee'' (
We earnestly request the attention of our retd- 1
ers loan article in to-day’s paper from tho Haiti- 1
more Chronicle, made up principally, of extracts \
from tho Messages and documents of Gen. Jack
son, on the subject of the U. S. Bank. It is one
of tho most conclusive arguments we ever read;
and of that description of arguments 100, which
Gen. Jackson cannot gainsay, because they are
his own confessions. “Out of his own mouth ho
is condemned” ! It proves beyond cavil or dis
pute, tho following points—
-Ist. That at the commencement of Gen. Jack
tan’s opposition to the U. 8. Bank, he was in fa
. vor ol'n National Hank of some sort, and bc
jjjcvcd one to be constitutional.
2nd. Finding that a majority of the people, if
thsyfti” sl lik v ® a National Bank at all, were as
well satisfied’ with Present one as any that
could lie proposed’, ho v’ ,wn S cd h ‘ 3 S rounJ anJ
declared in favor of the h » nk "> O3 depos
itories of the public money, i».‘ 11 1 guardians of
a sound and uniform cuirency. 13 ' vka l * a
usually denominated his "Expermeiii” ''. 00n
the currency of the country—his experimeru to |
test flic ability of State institutions to establish L
and uuintain that currency in a sound and whole- 1
some condition! (
3id. Towards the dose of his administration, I
perceiving that his “Experiment” would boa
failure, he shifted his ground again; became the ]
open enemy of all Banks and “bank-rags,” and (
promulgated his last grand scheme of a gold and '
silver currency. In this faith, he retired from of- J
flee, leaving “Matty dear” to “follow generally ,
in his footsteps,” and “carry out the measures of
his administration.” Had he continued in office ■
until row, to witness the finale of all his schemes,
he would no doubt have shifted his ground again, .
and constituted himself Banker-general of the I
Universe, and issued a general order to his Kite!;- 1
en Cabinet, to administer the “gnoul” or tho '
“bow-string, to all who should refuse to receive
his bills in preference to gold or silver! j
From these three points, so clearly established
out of his own mouth, we draw the inference j
that Ids find opposition to the U. S. jßank, was
not based upon principle, but was tho dictate of ,
that domineering and revengeful feeling which 1
ever predominated in his bosom, because the *
Bank refused to be made subservient to his wi|l i
and the tool of his ambition to establish and per- I
petunte a political parly despotism throughout !
the Union. He succeeded in abolishing the 1
Bank and in establishing that party despotism ]
by other means, which he failed to establish with )
its assistance; but the league of “Pet Banks,” j
flic depositories of the public funds, which arc
“the spoils of office,” having failed, and brought 1
down wi:h lhe.m tho Government itself—the i
grand “Experiment” having exploded, and like 1
the bursting boiler of a steamboat tfial scatters
death, destruction and dismay among the pas
sen gif £( crew, jiavm prostrated; ruined and 1
destroyed all the vital interests of the country, we
trust that this parly despotism will now find its
grave in the public indignation. We were once,
in our earlier days, among tho number of Gener
al Jackson’s political friends and suppoiters, in
the first and more virtuous years of his adminis
tration, —a .political sin, fur which we have long
since ceased to feel the upraidings of conscicaoe*. -
_. L> y a -fiittxu^«m!^i?insrt^W..k..E»7r'7. T r , l upol)
better knowledge and fortified by increasing ex
perience. Upon looking around and about us
and throughout the whole republic, we arc proud
to find ourselves in an immense
men in the cou ourselves have 3
AiaW£iW*rnat error, by a to
most of the measures which have blighted tho j
commercial interests of tho Union, and brought <
our own government to bankruptcy and disgrace, j
Late advices from New Orleans repsosont the \
invasion of Texas by flic Mexicans, to be no long- ‘
or a matter of question. Tho Mexican force un- ’
der General Brown, composed of six or eight
Brigades are rapidly advancing towards (he Rio
Graude; their columns occupying afront of fifty
or sixty miles ; the whole force consists of eight .
or nine thousand men. Many European officers,
it is said are now serving in the Mexican ranks ;
one of them r. Pole by the name of Salofoky, was 1
killed ima skirmish between some rcncoinnoitrc- 1
ing parties of the Mexican, and some of the Tex
nin troops. — Geo. Journal.
From the Savannah Republican, ,
BANK OF ST. MARY’S.
The following gentlemen were elected, on
Saturday, 1 Dili inst., Directors of this Institution:
D. L. CLINCH, I
SAME. CLARKE,
A. DOOLITTLE,
H. S. PRATT,
JOHN BAILEY,
WM. T. HOPKINS.
And at a meeting of the Directors, the follow
ing officers were elected:
Gen. D. L. CLINCH, President.
A. J. BESSF.NT, Cashier.
WM. C. CRENSHAW, Book-keeper.
BJXPKKSS in A A is.
M-T'-V-T- ~-J.t . Tt~~—~ !”.-■■■* -* * ~~~t — -*" --*Tr7r—
From the N. O, Picayune, May 21.
HIOLY IMPORTANT FROM MEXICO.
American Citizens declares! Pirates I
The schooner Lady Hope, Capl. Amaux, ar
rived last evening from Matamoras, bringing the
following important intelligence. She left in the
Urasios, St. Jago, Mill inst., schooners Corn,
Leonidas, Mechanic, Rob Roy, Porpoise, Julius j
Ctesar, and Champion, detained by the Mexican i
authorities. Tho schooner Ellen was outside
the bar discharging.
The passengers on board tho Lady Hope affirm
that the crews aud passengersol the JuliusCcosar
and Champion had liecn tried f>r PIRACY,
CONDEMNED and IMPRISONED!!! Tho 1
Texian schooner Independence had been cap tut- 1
od and carried into Vera Cruz; C.ipt- Wheel
wright, of the Independence, was severely woun .
ded, having part of his abdomen shot away by a
cannon hall; he was not expected to survive.
Tho U. S. sloop of war Boston was olf the
Brasses on the 14lU, and had repeatedly deman- ,
ded the release of the American vessels, from
Mexican authorities, captured by their licet; re
ceiving no answer, she sailed for Pensacola.
This is rather a high-handed measure on the
i part of Mexico. Perhaps the capture and deten
} lion of our citizens is sufficient to justify tho
I United Stales’ interfering; if«o we shall be pleas
led to see Mexico’s audacity well chastised. But
■ if site go farther, and lays violent hands upon
he lives of frcc-hora Americans, we say annihl- j
ale her! The immortal Decatur’s motto is our
notto —“Oqr country, right or wrong !” Tho •
ires and persons of our countrymen shall he £
■a red; and American principles, and Amcrcan r
enterprise and industry arc not to be trampled (
in the dust by the unhallowed footsteps of su- J
perstitious slaves and hirelings. A despotic and i
barbarous priesthood shall ho taught to lo ,k with i
awe upon the “star spangled banner,” and rever- 1
efice the spirit of our free instil utious. *
Lot hot Mexico dream in lolly of an alliance j
with any European power, formed against this i
country nor let her presume to insult, with im- s
punity, the proud sons of liberty’s patriarchs—
the sages of ous Revolution. Let her beware! (
From the Baltimore American , May 22.
Reports were in circulation yesterday afternoon
that Mr. Breedlove, the Collector of this port, re
fused yesterday, ovcc, sixty thousand dollars in
city paper that was offered him by the mer
chants, in payment of custom-house bonds. RuJ
mor says, that debenture was due from the gov
ernment to some of the merchants whose paper
was refused, and that the Collector could not, or
did not credit the same to whom it was due, or
pay the amount in specie. Great excitement pre
vails among the merchants on tho subject. Mr.
Breedlove will find it to his interest, to give tho
most liberal construction to his instructions from
the Treasury Department, of which they are sus
ceptible.
It is gratifying to find that after tho almost to
tal failure of tho grain crops last year, and tho
consequent necessity of becoming tributary lo for
eign countries lor bread stuffs, tho accounts of
the prospects for the coming harvests in some per
sons of the country are, to say the least, fair.
Complaints are heard, it must be confessed, from
other districts, but we are led to think that the
shortness in tho product of this year will he no
comparison with that of the last. The resources
of ourcountry arc prodigious, and it would be
strange indeed if two successive years should oc
cur in which tire supply would fall short of the
domestic consumption.— lo.
A government steam shin, pierced (or 16 guns,
was launched at (ho Brooklyn Navy Yard on
Thursday. The New York Express says she is
to ho fitted for sea immediately.
The same paper says that on Thursday four
foreign vessels arrived at that port for every
\m' r ican. The (lag of no less than eleven na
cnu’r£;d the harbor of New York on that
day. Inei’jdcu the arrivals wore twenty vessels
from Europe jaden v '’itb two hundred thousand
bushels of wheat .7 nt ' O '-". Sb,
The Philadelphia pa.,' 01 ' 3 sla * e lhat Mr - Gilpin.
U. S. District Attorney'for .’ llat Dsstrict > has rj
coived authority from the TreJ sl,r y Department
to postpone until the first of Octoc ! ' r ; ' l ° in“titu
lion of suits on duty bonds not paid A I*-*® cus '
tom house.
r.tCIIMOND MARKET, MAY 18.
Business matters are daily more lifeless—Flour
is retailing at S7—a quantity cannot lie *801(1. To
bacco drags along slowly at from 14 a Si—the latter
rate is seldom reached—no quotation of any article
can be given which may be relied on.
NEW ORLEANS MARKET, MAY 21.
Cotton.—Arrived since I tie 12th instant: of Lou
isiana and Mississippi, 23 JI bales ; Lake, 1087;
'Tennessee and North Alabama, 1-117 ; Mobile, 32 ;
Florida, 41 ; Texas, KM—together, 5072 bales.
Cleared in the same time: for Liverpool, 5,H76 ;
Barcelona, _220; Havana, 326; New York, 1213;
Boston, 637—together, 823 j bales; —making a re
duction in stock of 3,163 bales,, and leaving on
hand, inclusive ofall on shipboard, not cleared on
the 13lh instant, a stock ol 71),541 bales.
There is little or no bncinoss doing in Cotton at
this time, with the view of Speculation ; indeed tho
present state of the European markets forbid any
thing of the kind. Tho few small parcels which
are occasionally disposed of are to persons desirous of
making remittances to Europe, and who, being imn
blo to procure eiilier hills or specie, convert their
funds into Colton, and send it forward. An advance
of about one cent has been paid on the tales asked
last week, for some lots; but this was more owing lo '
the depre cation which has taken nhco in tho cut- ’
roncy of the country, thanlo any better feeling in i
the market. Shipments continue tube made on ihc-.1
tors’ and planters’ account,owing to the
of selling here. IJfearoslill urmbio to give
quotations. Extreme prices for Louisianas and
Hissippts are 6 i , 12; and for Tennessee* and
Alabama* 1 to 104 eenls. E
.STATEMENT OF COTTON.
Shock on imn 1 Ist (I, tober, 1333,
Arrived this week, 5372^8%11H
Arrived previously, r,33
INp tic.,- v.t-’,, r-^Ku^^ESj
E-q J pi, ,
in',
1 . j
M
' UtWr!*'.' Ic.;q: 1 c.;q: ; r ;■■■
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£m $ I” i-'r J
A H
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' rHaraVas”2iatelsigWW^p||
ai ‘ “ \
Steamboat John Randolph, Lyon, from Savannah,
with low boats Nos. 6 and 8. Merchandize, &u. to
Wm. M. Rowland, agent; \V. W. Gray, F. & 11.
Clark, A. (. Huntington & Son, P Carrie, P. Golly,
llora & McCall, Clarke & Holland, Turpin &
I) Antignac, Kitchen & Robertson, Clarke, MoTier
&Co., E. liustin, Rathbone & Baker, J. Phmizy,
.1. F. Benson, Stovall & Co. I!. Buird, E D. Cooks,
J VV & I T Heard, E B Beall, Wm Rostwick
DEPARTED.
Steamboat Chat ham, Wray, for Savannah
-MV.’.-i . iw iwmirti
Ks Mr. Editor —Picaso publish the following
nppoinlmonU of Camp-Meetings in the Augusta
District—
Burke Camp-Meeting, at Old Church, beginning
on the night oflhe 31st May,and concluding on the
following Monday. ,
Richmond Camp-Meeting, 13 miles below Augus
ta, beginning on the 2Cd Juno at night, and conclnd- .
ingon the follow ing Tuesday.
Jegersan Camp-meeting, at Mt. Moriah, begin
ning on the 12th July, at night, lo conclude on the
following Monday.
Columbia Camp-mooting, at White Oak, to begin <
August 23d, at night, and close on the following 1
Monday,
may 13
iKr Ur. ROBERTSON lias removed to tho •
Dwelling, on Campbell street, ialely occupied by f
A J. .Hiller, Esq., next door to tho residence of Mr.
John McKenzie. may 24 lw 121 1
Kice nml Com leal.
Tj sh TIERCES fresh Rice,
JLSy 100 bushels fresh Habersham Meal,
Just landed and for sale by
may 25 It A. 1. HUNTINGTON & SON. 1
-A. ’ 112’ <li • I
A IVERSON, having returned to this city, is
a ready lo ro-coramonco his instructiens on ilia
Piano. applications are lo bo made at Mr.
Wocdmff s Piano Ware-Room.
may 25 Ct 122
j\oilicc.
CBJIIE A gen * oflhe Charleston Tiro and Marine
a Insurance Company, will be found a! bis olllee
in Melntosh street, opposite the Constitutionalist
oilieo. T. 11. 11. GREGORIE, Agent.
Coloured SSiiiS’lbi.
THE subscribers have just received an addition
al supply ol the above article, with a few doz.
wkite cotton and linen do. Also, n variety of fancy
articles, viz—Gloves, Suspenders, Handkerchiefs,
silk and cotton Half-Hose, Russia Bolts, Ac.
PRICE & M A LEERY,
mav2s 122 Drapers and Tailors.
Removal.
A 11. C Dealers in Watches and Jew
6. • elry, have removed to the Store on tho corner
ol Broad and Mclntosh streets, known as the Post
Office corner. may 25 if 122
Wanted so Hire.
TypROM 40 to 50 Negroes to get out timber on Scc-
JL' liens 21 and 47 of the Georgia Rail Road.—Al
so, a number of white sawyers and hewers
Ajiply to IV. W. Torbert, (Resident Engineer)
at Kirkiintrick’s on the Milledgeville road.
JOHN EDGAR THOMSON, Chief Eng’r.
may 24 121
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Augusta, may 17,
At. ® j;nj*ij. B
rPAHF, snbseritjpr wisKine-tn 1,,,., r ,
i by the close of Ifo 2,(1, ua'i 2 lh ?
have any accounts atMinsl hint nr 0U J b( J I^ eaßo^B
=stete£s^
Ho would also, imlnua bis friends and « •vfli
ba ui.ee ol Ins pH's/ni ,„ ir , " * £Bs,
reduced prices m fconnretion will, „
meut ol l urniliirc/nmv on its wav ’r ‘ 'i HBI
which' m„A7 '
raav S / THO. M. WOfll j H
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