Augusta chronicle & sentinel. (Augusta, Ga.) 1837-1837, August 10, 1837, Image 4

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[i«i mciioiicu m imiatk] Auy person who ha* read the newspepe" lair- I*, will find, from Utc lone ol the administration print*, that the government haa not yet been able to antvc'sl conclusions, bat is about to inflict, aa »oon as ('•ougrcee can be gut together,»ome further ripeiiniciit .on the country. Wo had reason to believe that the remit* already produced, would have satisfied the mint curious. and warned the Iwldeat innovator, of the danger of straying in Ibe wilder lies* of conjecture, out of the path* and beyond the larttMark* which have been laid down by experience. It menu, howerer, that the m«l signal failure only'trad* to fret.li' trial* and wilder exettraiona. The hlolw has coinmenced in qdvu cate the plan of allowing lire collection of dutie»,at the different eutllom houses,to retain the amounts (ill drawn from them by warrant* from the Trea sury department, and, of cmjfsc, all the other pa per* of theaame party join in recummemling the tncasuie. The duliec are to be collected in the eunititutiohal currency, and (raid nut in the same, and tlten.aey they,-the government will be what it abuuld lie, a bard money government.'' The ot’ject of these remark* i* U> draw public attention to the effects likely to Iw produced by *ucli a r.turaa of policy—to shew what clu< is nto»l likely lu he affected by it—to inquire into the cause* of the hostility of the ksders of the preaen' party in power, to the mercantile classes, and to point out the intimate connection which oxiats Iwlvreen their welfare and that of the other claasea of the coinaranity. I shall, however, lw fore entering on tin < topic, attempt to give a histo ry of the great expansion and contraction of the currency; and endeavor to point out the agency which the .government lies had in bringing about the present unparalleled stale of tilings, in order to elucidate more clearly the effects whirl) arc likely to be produced by the proroiied experiments. There is no subject, probably, on which legisla tors have mode so many blunders,in all countries, as in their attempt* to regulate the currency; and certainly, considering the short period the United States has tieen in existence, no other country can boast a greater variety of change*.— After the war of the revolution, the continental money grew gradually less and Ira* valuable, till it became totally worthless. Notwithstanding thia severe toss to the community,we find that the country could nut do without bank*, and that pa per money Irtgm: to circulate again. The first bank of the United Htstea was chartered to check and control the issue* of (lio Hiatc bank*,to equal ise exchanges, and to aid the government in col lecting and distributing- (he revenue. Although this bank was Inunil to answer the end for which it was chartered in every particular, Congress re fused to ra-chsrtcr it. Tho internal exchanges immediately began to fluctuate, commerce to lie eloggrd, credit to suffer, money to gel scarce, and new banka to lie called in to furnish it. Next came total disorganisation, a suspension of specie payments, and all the gloomy train of evils which arc consequent thereon. This led to the charter ■if another bank of (be United Ntates, which, alter a struggle of A or A years, brought the currency back to s sound and healthy stile, and the ea ch inges to the greatest possible statu us nnifonni ty. Hank bills were readily redeemed in specie wherever they j»cre issued. Money, was easily and cheap'}-, safely and quickly transmitted from one point to anolhct. Credit had the reward it merited from punctuality, and commerce was flowing smoothly in tho ordinary channels, Thia brief millet- brings us down to the year 1829. In hia message to Congress, that year, the president hinted, that it was well questioned by inany, whether lltu charter of the U. S. flank was constitutional; and it soon became evident that it was the determination of the party in flow er to put it down, right or wtoug. Thia deter, nttnsliun liecame inure end more apparent ovety year. In the face however of all the arguments— all the promises and all the threats of the party in power. Congress renewed the chatter of the Hank. It was vetoed by the President—Con gress was utged to remove the depositos—Uy a large majority they declared them in their proper place and safe—The secretary of the treasury was ordered to remove them—lie refused was, remov _ rd, and another appointed for the purpose. Tli,. depositee were removed, and the (ale of the bank sealed. From (be first doubt that was suggested by the eteruttve as to (hr constitutionality of tho hank, it was evident that some of the initialed knew ha doom and many others guessed at it, or speculated on Utc result. Your Yankee-Umk skm-Ursokkr.*’ el sonar genua," are nut slow in seeing where a speculation is to he made.— There was a chance offered to pluck Untie Sam. The public depositee were to be divided among the slate banks and those not interested in stale banks, wanted to have a chance as well as the rest. Os course those who knew what the result of the war upnn the bank was Pi be, were the first to profit by it. Hanks were applied for at different point*, and a* all stocks were on the ad vance they went off like hot loaves. This was the harvhbt us the initialed. Uut as i. had been proved tjigt, charters were so profitoble, it was not to be expected thatthts line us iKieiitesk would be given up till the market wa* fully stocked. We el) remember how the legislature of every stale in the Union was besieged by applicants (or lunik charters, and when these failed, lor charters for all other project* that could be invented. The ball, once set in motion, gained in aise and momentum of every tarn; (or every charter gianted, increased the locality of obtaining another, and getting it into operation The government preses* have attempted to prove that (bis disposition to uver-Uank proceeded from (be prosperity of the country, but it is evi dent that (bis cause is not sufficient to account far it. Only IS banka were chattered fur the ten year* previous to 1830—Since then (bey have been chartered by the hundred. Now it will be recollected that 1830, '3l, '33, and part of '33, were (he least prosperous of any period since 1830; it wa except 1835, in a commercial, and 1826, in an agricultural, point of view. The price ofUbour.ot the products of agriculture and manufactures, were low and barely remunerating, and mercantile transactions could not be consider ed prosperous. I think. I could prove aatiafactoii ly, that the country did not need *u h a vest ac cession to.its banking capital; but of all things de tail* in a newspaper sketch, appear to the least advantage. ' I defy any person to prove that the i repulse xrasjpven to this spirit of bank-making by the ordinkry eburee of trade. And, on the other band, it vjfdt be jasily and naturally accounted for, by lAfctrinfl it to the sets of the government. The apitonpf ilte-pOvvmmem in tho removal of .the depoeites from tjjp .bank oftfie U,'B. cree t>.J a necessity, for that Institution io curtail its ounts of public money, a* the government should .(raw for it., The necessity of rapid curtaikneM tve* made evident by the hostility of (hose in pow er, the bank tvcll knotting, from til that had pets- that it would he put down if possible. c ■re told by the Socr»i*ry of the Tressury, ‘tb* l •t collected from the people six million* in two month*, end ceuM-d the Slate Dank* to curtail three mitlii.n* more." This rapid reduction of the circulating medium, caused a corresponding decline in the price nf all articles. Foreign Ec change fell 10 per cent, hi low the actual par, and consequently specie eould l«e sent to ibi* country and invested in foreign bills, nnd a clear profit of slmul 9 per cent would lie the result of the opera-, lion. In other words it was 10 per cent lielter for s foreign merchant to send specie to this cou.,- try to purchase any of our article* of export, than to suffer money to be reised in Ibi* country, for the same investment, liy a bill of exchange drawn on him In the usual mode. This i* a part of (lie legerdemain by which the government brought* , considerable amount of specie into the country. The next step taken to secute the influx of the , precious metals uss the Gold bill. Uv ibis bill , Ibe quantity of pure gold in the Eagle »a* re duced from air i to 232 grain* ; or 0} per cent. t This reduced the standard us gul l about us much Wow th/.t of silver, a* it had previously been . above it—certainly 2J lu 3 per cent; and made it r Wlcr for a foreign merchant to send gold to lbi« , country to pay » debt, or to purchase any of our , articles ol expoit, than to have money raised in L , this country by the ordinary mode of exchange, i The liusi* of our currency being almost entirely i silver, money r«i«ej in this country imiMt lie in r this medium, nr its representative. Uni hy send , mg gold, he could furnish n cheaper medium of . payment, and save shout 8 per cent. The opera r lion of this law also, was to bring * Urge amount ( of gold into this country. The facility of obtain l ing the gold for export from England wa* conaid r erably increased by the law (of 1834, which c made the Hank of England notes a legal tender, r. This disengaged the bullion held by the country . banks, ami money being abundant there, et (bat i, lime, and interest low, it w«» freely lent by the ; hanks. Tho f.regoing, v’ilh the order requiring e the French and Neopnlita.'l imlemnilie* to lie re r turned to u« in gold or silver, are'nll the measure* - the administration ha* taken tv bringthe precious I metals into this country. They have lieen very I successful. Wcaru told hy the Se. 'elary of the [ Treasury that they have brought intojh* country ■ upward* of forty million* of dollars ! It is granted then that the object is al.a'ned, but where is the benefit to (lie country. have certainly received nit immense amount ol ■l’Af'io, hut this fact will not recom|H’ii«e u* for Ibe immense sacrifices wc have had to make to obtain it. What advantages arc to result from it! We arc no richer because we have got it; for wo have paid for it, wo have given an equivalent; and if w owe for it we have *till to give on equivalent. The question is bow is it to benefit us now that wc have ill I have met with no satisfactory answer tn ibis question. Wo were promised by the friend* of this mna*iirc, that every man wnuld have mute gold in his pocket- This has not taken place—l like, fact*—Hut 1 will nay further, it cannot lake place. Five nnd ten dollar pieces of gold, cannot circulate along with live and ten dollar convertible bank lulls,— We were (old also, that it would furnish » broad er and ttioro stable basis for the currency to rest upon. It Ini* furnished a broader I Midi, but it cannot lai said to be more solid in proportion to the superstructure. The number of new hunk* is fully equal to the extia amount us specie.— What ibe government has done, is tn furnish spe. ' etc tn enable some two or 11 *ee hundred new > banks to gel along, (hat could not have been got I into operation without it; and these were not slow in putting (heir hills in circulation, iusieud of the gold ami silver; for vve were told hy (he Secreta ry of the Treasury in December last, that the cir culation of bank notes hud increased from 80 to ISO millions of dollars, nr 60 per cent in eighteen months. The government absolutely utlempled to choke the banking system by gorging it with specie. Is it wonderful that it fattened on it, like the wolf that the shepherd attempted to choke by throwing largo lump* of beef to it* I have heard us the Irish burning tho bills of u bank in order to break it. Will thia not match it! I think a careful comparison us the above brief sketch nffuct*, with the bistoiy of the act* us the Executive, aa furnished m messages, reports, dec,, will satisfy any unbiased mind, that the first im pulse was given to the spirit of over bunking by Ibe government. As to the effect of the import of specie, no person can bo mistaken. The Sec retary (ells us, in December last, of n vast num ber of new banks being formed, and that they had increased the circulation of bank notes 40 mil lions of dollars. Could they have formed this vast numlier of banks, and pul Ibis immense u mounl of paper into circulation, if the government had not furnished the means. I say not. 1 ssy that in the ordinary course of commerce, we could nut have received a tithe of this 40 millions of gold and silver, and consequently, without it for s basis, wo could not have increased our circula tion of bank papet 40 millions, in a year and a half. If enough has been said to show that (ho go vernment by it* acts produced the exlraordimtiy over banking which has taken place duiing the last few years, the overtrading ol individuals is easily accounted for. Overtrading as naturally proceeds from ovribnnking, as smoke doe* from lire. Tho former cannot b« supposed to exist without producing the latter. Say trade is in a healthy state in a community, and there is suffi cient circulating medium to do the business of that community already afloat. A new bank is chartered. To do business it must have custom ers. Hut as the old banks in the community have furnished all that was wanted before, tho new bank can only obtain customers by giving greater facilities than (lie old banks have been in the habit nf granting, amt those customer* cannot find greater facilities necessary to carry on their old business. Hut wherever there ate len der* there will be borrower*. The business ol the place w ill Ik- enlarged. New objects of investment will lie sought—Merchant* will accommodate their customers with longer credits and bo less urgent in requiring punctual [uiymenl Specu lation will take bold of one article after another, and a general advance in price bo the result. Is it not self evident that this would be the course things would naturally take! and that adding hank after hank, until the Inane and the circula tion increased 50 per cent, in a short time, would account, on stiietly national grounds, far the greatest overtrading and the wildest speculation that has yet occurred. Hut on Ibi* point we hive the evidence of the secretary of the treasury, in his last report to Congress. After going rare a minute calculation of bow head form's the maximum of a sound citrulalioii, he comes to the conclusion, that; *4out* *» weessive, and a* in 1918, me rittree */ Me tinrUtaot pricet which have pre sailed iiwejalioo to almost every article. «s well ■i* of the ererdordinary propentity i e oeerlro-1 ding old rfeculotirt which haa pervaded *l-' moat every section id lit* country” and further. ( '■’/’At# excess fun he 'H tuff.cimt to conettlule tiie i i ehief canoe lot the artificial augmentation in prt- i 1 ee*. The unnatuial stimulus to speculation, and f thcVspid vacillation in the regular moil** of doing I business which cannot under sound v.ewaofpoli- j . tics) economy, be too greatly deprecated, or tbeii . ) recurrence 100 carefully guarded against. These r sudden ami great vibration* in the value of pro ( petty, labour and de'ilo, however produced, or . however flattering to many at first, are in the end j r dangertut to all clattee, at -well at ruinout to . commerce and every tpeciet of regular indue . try." i Having thus briefly traced thcconse* of the , expansion o) the currency, and its consequence t overtrading; let u* next examine the cause* of i contraction, and final explosion. Let me premise however, onci-banking ami over trading muat cure - themselves; and a revulsion must come sooner or I later. Uut there may be cautri, which will ae * celrrnlr and aggravate the miochiej, The - Gold-bill, and I lire order requiring the French and i Najiulitan indemnities lu Ue imported into this t country in specie, may certainly be set down in t t his class. * The former by making gold the cheapest legal r tender in this country, caused tho import to be in i that metal, whenever after the passage of that i. act, an import of the precious metals should bc- I come necessary. t Wlnle silver continued to be the cheapest me ■ dium to pay debts in (his country, an import did if not derange the currency of any country with i- which we were intimately connected. Our aup t plies being generally drawn from Englund,as long I* ss we continued to import silver only, it did not - effect their currency, as silver is only an article (i of merchandize in that country. But making gold the cheapest tender,Valued gold to be im y ported ; nnd a* the bank of England is the great t est depot of gold in Europe, & being more re . -ly a come at by exchange on London (bull any other, if it is generally drawn front this source. Our >. draft* of specie, therefore, after the passage of the * gold bill struck immediately at the foundation of s the British currency. And whenever hereafter y the exchanges are in our favoi, and an import us e specie takes place, it will behoove us to look out / for the recoil. The import of 1835 and '3O, therefore by lire- I action of the gold bill directly, by the order above a referred to indirectly, wss almo-t entirely drawn j. from the bank of England. The stale of ex _ I change not indicating a cause for any drain o. 1 ' specie the directors were puzzled for a time ( to account for it. As soon ns it was discovered, however, the bank for its own solely was compelled ter adopt a system of contraction, especially with regard to American credits, in or , dcr to reduce Em value of imports, create balan , ces against this c. >u "try. turn the exchanges in , favor of England, Jtn.d produce a return of the specie. These precau'l 'U“ r y measure* of the , bank of England made m >t.'«y scarce, especial ly I on American mercantile secu.-Uic*. Thi* again I caused forced sales and lower anJ lower price* to j bo accepted for our produce, lialanc,'* were created against our merchants, as tho dealer* in cotton ulutic did not lose less than ten millions .of dollars, and tho planters of this staple aa mu :h mere, on the balance of the present crop, without taklnjr into view the prospect fur lltu next. Other ex- | ports of course shared the same fate. [Concluded on Jirtt page,] Tuusduy K* riini.;, AugUNt 8, 1837. if % ' 1 ' '' " The communication which we commence to day, has been on hand for sometime, but the weakness of face in the office and a pressure of other matters has prevented Us from giving it the place which so well merits ill our columns. , An Editorial article in (his inort.ing's Consti , Uttionalist on the subject of the approaching clec- I tiona deserves u more extended notice than wc have time to giva it to-duy and wc must therefore defer it until to-morrow From all the information which vve have been able to gather from different quarters of the state, wc have the strongest reasons to believe the elec tion of Mr. Gihner.if not morally certain,is at least among the s’rongest us probabilities. But this event, so desirable, will not lake place as a mere mailer of course; uurcandidalo cannot be elected if our friends suffer themselves to be surprised nnd ovcrcHcbed by their own supineness & negligence and Ibe greater industry and vigilance of our ad versaries. Look at the columns us the presses of the Van Huron parly. They teem with continued calls totheii pnnizansto atousc and organize. Their emissaries have been sent into every county in the Stale, to urge out every voter, who will sus tain their candidate—to confirm the waveting— embolden the lukewarm, and, if possible, wrest from us a victory which nothing but our own in . dolunce can loose. They are touching every chotd, pulling every wire, appealing to every pre judice, enlisting every'sympathy, and, in a word, they are "moving heaven, earth,’' and the Centra) Hank, to secure the re-election of Gov. Schley. The Federal Union, edited hy the Comptrol ler General of the State, and the Standard of Un ion, edited by the Treasurer of the Stale, and backed by tho President of the Central Bank, are in the very front rank of. our adversaries, bat tling with desperation to maintain their places. 1 The feed officers of the Slate.the salaried servants of the people, have set themselves up us political 1 teachers of the very people upon whose money ’ they live and fatten. This single and omnious fact f should awake the slumbering jealousy .& alarm the 1 vigilance us a repaid can people. They are interes ted in a personal and poruniaty point in the result of the approaching election. Their own offices are ‘ dependent upon the issue, and it is not therefore, ■ surprising that they manifest so deep an anxiety i in leading the people by' the nose—in deluding 1 them by false representations. It is not astonish i ing that they cry out -'airs well.” “AH’s well” ■ with them so long as they can retain their places > and their pay. I To our friends we say, be vigilant, watchful and persevering. Ours is the cause of truth, justice i and our country, against n party in whose hands . and under whose administration, (hat country has , been brought to bankruptcy and ruin. A free t and uncorrupted people should spurn the dicla > lion of men, who as the paid officers of the State [ convert the place* which they hold, into ;«rtizan ■ engines, and degrade their official dignity to I purchase a continuance of their tenure of office. , ' The Hon. J. Pincncy Henderson, Minister Plenipotentiary from the Republic of Texas to 1 the Court of of Bt. James, is at present in Charles ton on hit way to England. The Hon. Fisher, Secretary of War of the 1 .tame Republic, left Charleston on Saturday morn- ' ing it) the Steam Packet Georgia, for Norfolk. [FOR Till CHRONICUt AND ■CNTINIL.J Mr. Editor—ln this morning’s paper, we find J Mr. Guiru calling the attention of his readert to an article io*tbe Ledger, a paper published, and I mid to be nrutroi, in Philadelphia. NW. M s . f G.,if 4 regular reajr i ofthi* psper, ougllt lo '*■*'* ‘ recollected how the H.mhcni people wire »l'"*eJ in it bat spring. The occasion « frolic ,l *» l , • medical student from the south took while in the city of brotherly love, last winter. So g rcat was the excin merit lietwcen the Southern «tu denUiii the two school* of medicine in tint city, ■ml the editors of this miserable paper, lhatn r ■neeiiiig was held, and the Professors bad to gel j its neutral, impartial and high minded editors to retract what they had written and published, i not only against the medical students, but also the whole South. The students were about leaving the North forever, and it remains now to be seen how many l will go there this winter, after the abure so re cently and wantonly heaped upon them and the whole South, by this pretended neutral paper. A .South sirs Medical Student. ( iron True chronicle and sentinel.) Mr. Editor—When I wrote an exposition of j the infamous conduct of the Insurance Hank of Uolumbus, in refusing to pay her debts, when, as she acknowledged, she is perfectly able to do so, I calculated to be assailed by two classes of per sons. First, those whose interest itmight Ire, and secondly, those who might honestly differ with me in opinion as to the right of a bank to refuse payment whenever she deemed it expedient. A writer in the Chronicle dc Sentinel, who signs himself "Fair Play," has made a very unceremo. nious, and, I think, unjustifiable attack upon me. Which of the two classes he belongs to, lam not prepared, at this lime, to determine, and shall no tice him no further, at present, than to tell him, whoever he may be, that I am writing over my own proper signature, and shall not enter the lists with one who will not do the same. It is an un equal contest, and one in which I shall nut en gage. When ho, or any other respectable indi vidual, is prepared to come before the public, and support the proposition that any Dank, with full coffers, has a right (either moral or legal) to re fuse to pay her debts pro.nptly, or that she has a right to evade the payment by llije presentment of an affidavit, nut known to the law, then will I notice him and not before. I wish it distinctly understood, that I am able to distinguish between a bank that cannot pay without great detriment to the community, and one that wantonly refuses payment. The former is entitled to the indulgence of its creditors, while the latter is entitled to no quarter. This is the only notice that I shall take of any anonymous writer on the subject. JOHN G. WINTER. We had intended to say somethin' ourselves of Woodworth. We ieserl the following, how ever, as saying all we could have said, and saying it infinitely better: From the New York Mirror. The poet Woodworth. —We unite with our neighbors of the press in recommending the ben efit proposed to be given to this fine poet and esti mable man. We have known and esteemed Mr. Woodworth from our earliest Iroyhood, and cheer fully bear testimony to his great privateexcellencc. i Ho has written much and written well. Home of his poems, in our judgement, will bo coeval with the language in which they were penned.— Who is not familiar with his beautiful pastoral ballad of the “Old Oaken Ducket?" and who does not believe that it will last as long ns buck els arc used, or continue to hang in the well?” Wo have read all his productions, and read them ( with delight and profit. They breathe a strain of euro morality and deep poetic feeling. There is n little “Apologue” of his that is stumped upon our me i.’tory ns one of the most rare and exquis ite gems ever enriched our literature. We would copy here, but that it has already ap peared in Ihe V,7 ‘ror, together with most of his other composition *• During the late war, Mr. Woodworth wrote ini.'itmeruble songs, that were sungevery were. The whole country was vocal with them, and many who rPa( l B'* s paragraph will recollect crossing the Easf r * vcr i f° r Brook lyn Heights, with “pick-axe, sho ' atu ' spade,” to the soul inspiring ditty oflhe“Palt.'O l ‘c Diggers.’ We were juvenile patriots ourselves in those stir ring hours, and threw many a shovel-lull P* our good mother earth upon the ramparts ot f°rt Greene. At that lime Mr. Woodworth was *ho editor and proprietor of a weekly paper, calleu “The War,” which he conducted with marked ability ; and all our victories on land and sea were sung by his ever-roady and versatile muse, in its columns. At the Conclusion of peace, “The War” was terminated, and Mr. Woodworth turn ed his attention to other pursuits ; and, in the year 1823, in connexion with the writer of this the Mirror was established. Mr. Woodworth was its editor for twelve months, when he with , drew, of his own accord, and committed its death , nies to less competent but more indefatigable , hands. Since that period he has been a constant , contributor to its pages, and the most cordial feel- { ings have been preserved between us, and will . in all human probability, until the heart that die- ] tales these periods is cold and forgotten. A se vere calamity has recently befallen our friend. An attack of apoplexy, teiminaling in paralysis, has , deprived him of the means of pursuing his usual | avocations. Under these circumstances, it is, proposed to give him a benefit at one of the thea tres; and, if a long and diversified life of eminent usefulness entitles any one to such a distinction, Mr. Woodworth is the man. He is an Ameri can, but it is not that; he is poor, and it is that which should induce the citizens ofNe v York to rentier this solid proof of their regard to one whose public career has been as disinterested as his pri vate life is bland and irreproachable. For our own pan, we were weary of these benefits, and , for sundry reasons had resolved upon never hav ing anything to do with another ; for our motives have not unfrequenlly been misconstrued, and our conduct misrepresented. But when a lienefil for Mr. Witodwonh is proposed,we do a nnt hesitate to lend whatever abilities we may happen to pus boss, to bring it to a brilliant and profitable result. Shipwreck. —The barque Marblehead, Capt. Ranlett, of Boston, from Matanzas, for St; Peters burg, was lost on the Western Reef of the Little Bahama Hank on the 22d inst. during n Hurri cane. Capt. Ranlett and Crew took to their boats and fell in with the brig Howell on the same day at anchor on tho Little llahanm Dank, with only one man and a boy on board. He then took command of her and arrived at this port yesterday morning under jury masts.— Charleston .Mer. ExTiiAonniNAHT Surgical Operation. — The Caledonia Mercury gives subaccount of an operation never before performed in Great Britain, Professor Lizars was the op -rator. The case was what is technically railed aneurism of the übcla vian arteiy, so near the heart, that the first large trunk required to lie -lied, namely, the arleria inuominata. The young man, a carter from Dalkeith, was placed upon the table and the Pro fessor commenced by making an incision in the neck, and progressively eut down to the artery, when the ligature was applied. The operation was completely successful. The patient, who bore it with uncommon foititude, was only on the table for fifteen minutes altogether. This, says the Mercury, is the first operation of the kind which has been attempted in Great Britain. We tindertstand that it was once successfully perform ed in Berlin by Dr. Grefo, and once in New Vrok by Dr. Mott. 1 A French paper relates that recently, three wo men, apparently near their time of accouchmenl. | were entering Bordeaux, when the situation (of one of them not exactly according with her that awakened the suspicion of the Cerberus of the Octroi, who pursued them. Two escaped, but ! the third was raptured, and was soon afterwards ' safely delivered of 1,200 cigars! 1 Reported Guatemala —Captain Nason, of the Osage, at New York, re- t pott* th«l a few days ptsvious to hi. tailing, new ] h»J strived it St. Ttmmiu Ibal an nuortetUon . bud broken out at G mieinala about the lattter t pall ol June and that Hie authorities had token | several of the ring leaders.— Haltimore Amertenn. ' From the Washington Olohe. ( TREASURY DEPARTMENT, > , August 1, 1837. 5 | In compliance with the resolution of the Sen- , ate of the 2d of March last, notice is hereby given , Ural the receipts for the month of June, as ascer- | laiued and estimated, were— | For customs, about ?-13,000 ' a lands 680,000 | I $893,000 , i The expenditures during the same month about $2,611,603. I It is proper to add that the above statement of | receipts. like that for May, includes not only the | money legally paid into bank to the credit of the , Treasury, and the amount of Treasury drafts tak- , en in payment for duties and lands by collectors j and receivers, hut all the money which they j . returned as on hand, after deducting what pro- j hahly would have remained in their possession, j not deposited during the month had the banks not stopped specie payments. , LEVI WOODBURY. Secretary of the Treasury. From the New York Herald. MONEY MARKET. Fridav, Evening August 4. The specie maiket presents an anomaly that is inexplicable on the usual laws of trade. Whilst thousands are daily going out of ilia country, we see no dimintion in the supply. For the past six years millions of metal have been brought to these shores by emigrants, and not finding a pre , mium, it went of course into the hiding places oi the possessors. The suspension acted like a magnet upon the accumulated mass ot hall a doz ' cn years. One per cent is enough at any time to bring it forth from its concealment, but at 8 per i cent, old stockings and broken teapots were foi . ced to yield up their treasures without a murmur. The holders did not see Ibal prices went up immediately on the suspension equal to the de ' predation of pa per. This proves what we have 1 hitherto urged, that the people look on Bank ( notes as bona fide money, ami if they can get SIOB in paper for SIOO silver, they consider the eight dollars a dear gain. 1 The supply then from the cottages and ham f lets of the farmers, mechanics and laborers has [ been immense. But this is not the only source. It may he safely estimated that the emigrants to this country will average five sovereigns each. ' Taking the number of foreigners that arrived at { this port during July, at 10,000 —we have an in -1 tlux of $250,000. Il is estimated that the receipts r of specie on Wall street lor July exceeded $150,- 000 per day. The quarters whence this immense L supply has been received may he staled thus:— From the South and West, $1,500,000 / From tlie North and Middle Stales, 1,300,000 From South America, Mexico and West Indies, 800,000 From Emigrants, 250,000 S $3,750,000 , Deduct the Exportations,estimated at 3,200,000 $550,000 r About $400,000 of this balance are deposited in the Danks which which the Bullion Brokers obtain loans fir their business. The rest is kept floating in Wall streei. .' T.ie reason why United Stales Bank stock has , gone up so rapidly for the last few days, is that j there are heavy huyeis in the market for reniit- I lance to England. What will the silly enemies of this institution say when they hear that or- I ders have been received in this country from En glish creditors to remit U. S. Dank slock instead of specie? They will tear their hair and roll on the ground in an agony of despair. We know of ! one order for 2000 shares, f From Mexico.—Dy the schoonor Sarah Ann. s Capt Dontemps, advices from Tampico have been i received one daytaler. There was nothing new . all was tranquil and quiet. The Sarah Ann sail -15 ed on the 22d, and reports that a condui ta was - expected to arrive on the Blh August wilh S2OO, s 000, 118,000 of which was for the house of M '. do a Lizardi &Co of this city.—, V. O. Bee. From the N. YCommercial A do. Aug. 4. ■' Wall sthett —One o'clock —There is hut II little change in the aspect of tho stock market, ' either for the better or worse, to day. f Specie.—The sales at the hoard this morning • were 1000 Mexican dollars at 9 } premium. 1000 ‘ five franc pieces at $1,03 j, and 200 sovereigns at r $5,35. We notice American gold at sßj a 9 1 premium ; half dollars SBJ a 9 do; Spanish dol -3 lars—a 12J; Napoleons $4,12 a $4,18; doub loons sl7 15 a $ 17,25 ; do. Patriot $ 16,75 a $ 16,- 6 W '- Treasury draft the amount of SIBOO sold at the hoa/d this morning at 3 j premium. A draft •■*o New York Ur $80?)0 sold at the Philadelphia t toclt Exchange yesterday at J prem ium. Condition of th/t’ Boston Banks, omitting Mas sachusetts’ Franklin aml Lafayette Banks, at the close of business, July 29 1837, agreeably to re turns made to the BtaiidlJ’S committee : Capital $20,400,000 00 Circulation 1,966,897 00 Individual Deposits ,6,206,166 43 Specie £46,532 10 Real Estate 66 ".939 32 Amount of Loan 33,777,s''.*7 92 Sales of Stocks at Philadslphia, Aug 3.--3 S shares United Stales Bank, 118 J; 50 do Ken tucky Bank, 83. BANK REPORT. Stale oflhe Branch Bank of Darien, at Augusta, on Monday morning, 7th August, 1837. Amount of property owned by this Bank, viz: Promissory Notes, Bills of Ex change, Real Estate, &c. §230,507 22 Balances due by other banks mid individuals, 15,059 93 Gold & silver coin in vault, §26,028 15 Notes of other banks, 17,929 66—43,957 81 §289,52496 The Bank owes, for the a mount ol its Notes in cir culation, 105,845 To other banks, and unpaid dividends, 8,65801 To depositors, 24,604 99—139,103 00 Surplus owned by this Br. aher paying all ils debts, viz: undivided profits .since Ist June, 4,946 96 Capital Slock, 145.470 00—150,416 96 ■ 8239,524 96 i WILLIAM HARPER, President. con n kkcial.~~ NEW YORK MARKET, AUGUST d. t Coffee —All animation in t lie market since our last appears to have subsided, the sales having been ■ less extensive than during any similar period for many weeks preceding; the business includes 300 ■ bags Brazil, luir to prime at 91 a 10 cents, cash; and about 200 bags Sumatra at 10 as, 4 mos. all lo the trade Colton— There has been less activity for ship ment since onr lasi, though prices continue without variation Tho sales have extended to 800 a 1000 hales, including Uplands at 9 a 107; .Mobile 1U a , 121; and same Florida* 11 a 111 els. Imports from Ist lo 31st July 14,440 bales Exports from Istto 31st July 6,781 Domestic Goods— The business continues of a very limited nature, but the rales remain without variation. Precisions —Our notations for Beef and Pork are continued without alteration, but the amount of sales is now so trilling as to render them entirely nominal Lard remains dull at our rates, winch < embrace all descriptions. Small sales are making ol Bacon sides at 91 a 10; shoulders, 81 a9; and ' smoked Heel, 12 a 121 els. Hams remain d 11 o( ! sale at 12 al4 cents. New Butter and Cheese con- < . dull, end gradually to recede in price. i SEW TORK COTTON MARKET, AUG. 3 The system of advances upon industry not yet < created, or in futuro, was the great cause of the < increase in production of the staple. This stim- ' ulus extended to all cotton growing countries, as 1 can be seen hy referring lo the Liverpool compar- J ■live tables. Under the present disturbed state of the money market, the system cannot be revived It is a question whether confidence Will ever grow t»o Mm I jgjji. Wbuber lend «* then! What 1 will be our Re? The English manutaclurcr will ' perhaps be ab# to diag along a mere existence, j while the Ameicin planter will be compelled to , dispose of bis sm.jus at a ruinous rate. In the ( course of another vat, more than 30 per cent of i the capital now engaged in producing cotton wi I ■ be withdrawn from »a. o ut causes. Bankruptcy 1 will constitute the prinipal cause. Meantime, | we as a people,will be ending the fruit* of Eng lish labor at a diminished pice, though at the ex pense ot the American inanuacturing interest.— i The British master manulac.irer, to keep his I mills in operation, will, as we hive often said be- 1 fore, ship his surplus to this cuunt-y to be sold for cash, at auction. We will no longer enjoy the credit derivable from the old bill system. The fact is, We have grown mote cotton than the world requires for consumption. Vt'e must now curtail as the Banks dot Our returns, as per table below, show a great reduction in toe stack on hand. Prices are maintained at a saving r ite to new buyers. Upwards of $50(000 arrived from Europe a day or two ago, to seek investment in cotton, at the present low rates. The great inducement for buying at this time, is the gain made by purchasing up Southern Bank paper. The demand in this market has been fair to day for home use and export, without variations, from li.e rales quoted yesterday. Fully fair was sold at 11 jc. Our classificat.on stands thus: Ord to middling 6 a Bjc Middling to fair, 10 a 11 c Fair to good fair, 11 a 13 c Good fair to good or prime. 13 a 13jc Marine Intelligence. ~ ' Y>i:pa r ted. .Steamer Free Trade, Cresswcll, Savannah, with boats No. 4. and 6. 724 bales ol cation. Saavnnah, August 5 —Arr at Cockspur, brig Freeman, Sparks, Alexandria. Charleston, August 7.—Arr brigs Arethusn, King, Philadelphia; Moses, Frown. Apalachicola; Howell Ranlett, //avannah; Gs«. Sumter Rennet, Baltimore, steam packet Colombia, Wright A! York; steamer Geo Washington, Craig, Savannah. New York, Ang 4—Cl’d yesterday, ship Anga ra, Besher, Charleston. Below, ship Newark, Durfey, 6 ds fm Savannah. A Teacher Wanted. A GENTLEMAN of steady habits, who would he disposed to take charge of a small school, .pan find employment by applying to the Trustees of Oak Hill Academy, Columbia county, Geo.,near Euhank's Post Office. The number of scholars will be few at the commencement, and ns such the trus tees will make the compensation worth $3:10 or S4OO per annum. The Academy is situated in a healthy neighborhood. The prospect ot the school’s increasing are (laiering, and induces the Trustees to hope that they will again, ere long, have a perma nent and flourishing school. By order of the Trus tees. A PEAUNE, fsee’y. aug9 185 2am3m Fifty Hollar* Reward. KANAWA Y from the sub- Jr , scriber, on the 31st September, Jfijkj 1835, a Negro man, by the - J name of G ROUGE, 53 or 4 / years old. abont 6 feet high, 1 fa«g , fp 8 -f'i f dark complex, large prominent i i ,‘yes, had lost two ol his nppei front teeth,one of his knees a little crooked, slender built, quite slim round the waist, speaks coarse and positive, had when he ran away SIBO in money, and 1 wore a watch. He is by trade a Carpenter, a 10l i erable Cabinet maker, and a Bout and Shoe maker; , and can read pretly well. $25 will be given to any one who will apprehend raid negro and place him in any jail and give such information as will enable me to get him ; $25 far the discovery of any villian who may harbor him; or SSO fur tbs discovery of any person wh o may have given him a free pass (He formerly belonged to Essail Harbour, Franklin coumyGa.and once ran away hom him, having such a pass, and went to Savannah where lie worked 9 months undiscovered.) JOB HAMMOND. Franklin Co. Go. The editors of the Savannah Georgian and the Charleston Observer will give the above 3 insertions and forward their accounts to tins office for pay ment nug 7 184 w3t' Races. THE Annual FaP .Meeting over the Newberry Jockey Club Course, near Newberry Court House, will commence on the first Tuesday (7lh) of November next, and continue (our days. On Mon day prece dug, a Sweepstakes will be run, two mile heats, (or colts ami fillies tlirce years old spring 1837. And on Wednesday, immediately nfier the regular race, a sweepstakes will bo run, mile heals, by colts and fillies, then 2 years old To both the ahoveatakes there are some fine colts entered, and therefore good sport may bo expected. There is al so two other sweepstakes t> he run at the fall meet inc 1838, already made up, but not closed. j ily 31 178 Im R STEWART, Sec’y. GEORGIA, Scnven County, WHEREAS, Lodwick Andrews applies (or letters of administration, with the will an nexed,on the estate of Eleanor Swaine, late of said county, deceased These are, therefore, to cite and admonish all and singular the kindred nnd creditors of said deceased to he nnd appear at my office within the time pre scribed by law to shew- cause (if any they have) why said letters should not be granted. Given under my hand nt office in Jacksonhoro,’ Aug Ist, 1837. JOSHUA PERRY, Clerk, aug 5 w3od 183 GEORGIA, £urhe county: f'I’UH.LED before me. in the CBth Dist G jM, by A William C Bates, a L r se Black Horse, suppos ed to be ten years old, five feei five inches high, no marks or brands: appraised at fiti," de'llars. July 22, 1537. ISAAC J HEATiJ, JP- A true extract from the estray book. NATH’i L ST URGES, Cl’k 1 C. gug 5 183 w3w I —x ■ ■ ■ GEORGIA, Scriven County: WHEREAS, William Moore applies for let ters of Administration on the Estate o John Moore, late of said county, deceased. These are, therefore, to cite and admonish all and singular, the kindred nnd creditors of said deceased, to be and appear nt my office, within the time pro scribed by law, to shew cause (if any they have) why said letters should not be granted. Given un ler my hand at office in Jacksonhoro’, this sth day of June, 1837. June 7 w3od JOSHUA PERRY, Cl’k’ VEGETABLE TONIC MIXTURE, Or Fever nnd Ague Conqueror. ‘ For IntenniUenlor Fever and Ague. THIS inestimable Febrifuge has warranted it self, by repeated trials, to be superior to any ar tide yet offered to the public ; it is infallible in In termitti.'g and Fever and Ague ; in recent coses it exterminated the Chiles and Fever in twenty four to forty-eight hours ; being of a vegetable com position, the public will apprehend no injurious ef fects from delelcrious minerals; it operates as a mild hut effectual purgative, and may he given with great ■m!vantage in Dysentery, Bowel Complaints, Deprav h! Appetite, Flatulency, Jaundice, Night Sweats, and many other affections of similar origin. For prool jf the efficacy of this mixture try a bottle. The in ventor, being aware of the many unprincipled frauds that are daily practiced on the public, has taken the precaution to prefix his signature to the genuine. Krlteimre of Imposters and Count pint bottles This medicine is put up in sqaie half pint bottles, with the words “Green’s Tonic Mixture, or Fever and Ague Conqueror, New-York,” blown on the ■ ides of the bottles. For sale by N, B. CLOUD, No. 232 Broad-street, march 30 74 Agent for Augusta. UPON the application of W m Boyd nnd Jane Lawson, Guardian's of the minor hers of An drew B Lawson, dec’d., staling to the court that Roger M Lawson, one of the administrators on the estate of the said Andrew B Lawson, is raismaua. ging said estate, and has failed to render to this court an account of Ids actings and doings os said administrator, ns required by law. If is,on motion of counsel, ordered that said Roger M Lawson he and appear at the next ter n of this court, to wit on the first Monday in September next, and then nnd there shew cause why his letters ofndministm non'shall not be revoked; mid it is further ordered that a copy of. his rule ba published in the Chronicle & Sentinel, of Augusta, once a week for three weeks before said court * j A true copy from the minutes. July 18 1837 Til BLOUNT, e’e co. 1 M’- 1 171 w3w • J- T PUS tbr application of Ransom Lewis, who is fj ihe security of Elijah Tredwiy, on his bonds ‘A guardian of his son Annapia* D Tied way, slating im slid Elijah is wasting the estate ol said Annapi ns V, and has tailed to account to this court as said guaUian for his actings and doings, and also pray ing a lie discharged from any further liability as said security. It i*. on moliun °* counsel, ordered that Slid Elijah be and appear at the next term of this Court, on the first Monday in September next, and ihen md there to shew reuse why bis letters of guardianship shall not be revoked, and the said Ransom beany longer liable on soid bond; and it is (urthcr ordered, that a copy of ibis rule be pub fished in the Chronicle and Sentinel, ol Augusla, once a week for three weeks, before said court A truecopy from the minutes. July 18, 1837. T H BLOUNT, u c c o. july 34 ___ 172 w3w Notice MY wife Martha Ann Carpenter, having censed lobe a wile 10 me, and apprehensive that she is about to leave my bed nnd board without my permission, 1 take this painful method of giving it publicity to the world, —and 1 do hereby forewarn all and every person whatever, from trading with my said wife or giving her credit upon the laith of toy responsibility—as 1 will not be liable lorjher contracts, conduct or conversation in any shape or form whatever. BAILEY CARPENTER. Hu-k county,Geo.,May 3,1837. [may 6 Administrator’* Notice. FOUR months afer dale application will be made to the honorable Interior Court ol Buik« county, as a Court of Ordinary, for leave to sell lour hundred acres'„i land in said county, belonging to the estate ol Jonathan Johns, adjoining lands or Dr. R. B. Miller, Azanah Duke,and others npril 22 93 JESSK JOHNS, Adhfov Notice. FOUR months after dale application will be made, to the Honorable the Interior Court of Columbia county, when sitting (or ordinary purpo ses, for leave to sell 202) acres of land lying in Doo ly county, No 26 in the 10th District (of said coun . ly) belonging to the Estate of Daniel Shipp dec’d. JOHN C’ARTLEDGE, Adra’r. July 25 173 I —— ■ 1 Madison Female Academy. I f ■ >ME undersigned, as a Board of Visitors, alien* 1 JL (led the examination of the young ladies be longing to this institution, under the charge and di ' rection of Mrs. S, I). Speed, on the 27m ol June. The Board is aware that it is too often the practice, 1 on such occasions, to praise indiscriminately the 1 conduct of pupils and instructors, yet, in this in stance, deem it but justice to say,that they never i witnessed un examination which afforded them more unfeigned satisfaction, or one that reflected more | credit, both on the pupils mid their instructress r .’1 ’1 e young ladies w ere examined thoroughly in alt I the different branches of education in which they . had been engaged during the term, and evinced, by r their prompt ami ready answers, iheir perfect knuwl j edge of their studies. There was none of that tm -8 phcil reliance merely upon the powers of memory, , that usually characterize female examinations, . though the young ladies frequently explained the . principles of science in the author's ow n language, and answered “ from the book.” yet their prompt answers and explanations in their own language, . clearly evinced that they had been taught «n --dersluudmgly, and that the judgment had been exercised as well as the memory. The Board be • lievcs this plan to be the only rational one of tm , parti; g instruction; and Mrs, Speed, from long ex -3 perience in the art of instructing young ladies, par -1 liculurly un this plan, has succeeded admirably, and , gained the approbation ol the patrons ot learning in l every community in which site has hitherto been i engaged as an instructress Among the patrons ol r this school, the Board lake great pleasure in staling I that they have heard but one opinion, and that is 1 one of unqualified approbation and delight. The above is only a feeble tribute to the merits ; ol Mrs .Speed and her pupils and in conclusion the 1 Board cheerfully recommend this scboA to tho pa i tronage of tne public, s JOHN WINGFIELD, i JOHN GRATTAN, 1’ THU.B. WH.TE, L. L. VVITTIC//, i AUG. REESE, ! VV. F. VAN LANDINGHAM. 9 July 19 168 3t Tea Dollar* Reward. __ RAaAWAY from the subscriber 9 I|e>£ “'’mg fo «r miles below Columbia 8 ATfliia Court House, on the road leading to WeyM-v Augusta, a Black Boy,by the name of SOLOMON, about I2orl3yearg ol age. Solomon is quite black,speaks —-X ' qmck when spoken to, and is rather I, small for his age, wore off a white home spun roundabout and pantaloons, both filled in with wool. He is supposed to be Imi bored in Augusla, or on the Sand Hill, having been recently sen. at both places, and having a relative belonging to the estate of John Fox, dcceassd. Any person taking up said boy Solomon, and delivering him to me or lodging him in Jail so that 1 get him, shall re ceive the above reward as well os the thanks of npril 19 wlm 91 COLVAKD, Jr. $l3O Reward. (tj, 1 will give the above reward furtheap -W* prehension and delivery of my Negro V-HARLOm!. at my residenc near fll'.\\ Mtllhaven, in Scriven county. She is Ase al,out twenty years old, very dark com ByigvN pleclcd, nnd dresses fine for a servant. She was purchased some months past <aSS£afruni Mr. Thomas J. Walton, of Aligns la, by Thomas W. Oliver; nnd, ns her mother and acquaintances live in that city, it is very likely she is harbored by some of them. Feb’2B 48 MARTHA OLIVER. Fitly Dollar* Reward. THE subscriboroffcra fifty dollars for the appre hension of JAMES K. SMITH, & his delivery to the jailor ol Lincoln County, Ga. 1 charge said Smith wih committing Forgery in Augusla, in 1834- tmd conveying a forged letter to me. At the time ol this transaction, Smith made his home near Bachelor Retreat, in Pickens district, S, C. James R. Smith is about 20 years of age, round bodied,strait built, has loir hair, blue eyes, fair skin, and a scar on his left cheek, which looks jike it might have been caused by the cut of a razor; two of his fore-teeth out, talks bro ken and lisps very much in his speech. Any person [bat will confine said Smith in any secure jail,so that I can get him, I willgive thirty Dollars. „ c . .. , JOEL GITTENS. PO-—in addition to the above reward, I willgive lor the delivery ofthe said Smith,'to the jailor afore said, thirty five dollars. j q Lincoln county ; July 15 54 mif' O Drought fo'jalh N the 22nd Inst, a negro man who.says his name is JIM, and that he belongs to Barrel 1 erry ol Pulaski county. He is about 22 or 23 years of age, and about 5 feet 5 indies high. He was ta ken out of Columbia county Jail, and broke loose, he w as retaken and brought here. ELI MORGAN, Jailor.. Augusta, Jury 25 ]73. i police, THE power of Attorney jpven to Wm. B. Shel ton, to act for me as Trustee for his wife and 1 children, has been rovoKeti since the 2d of April last, and the parties notified to that effect, and all , persons are forewarned from paving any thing to him or his order. CHARITY MAh'ARRY. Trustee for Mrs. Mar Anny -Shelton and child July 5 wlm 166 $lO Reward. RANAWAY from the subscriber, on the 29th May last, my negro man Levi; he is about five feet five <J|j six inche s high, yellow complected, > when spoken to looks wild, his left hand bus, been burnt,and his thumb and forefinger grows togetih ■ e * joint of the thumb, and I think the end! j of his fore finger is off The above reward 1 will! bo paid, if delivered to the subscriber, or lodged im any Jail so I got him, and all 'ensonable expences , P lt „ PRE-STOiN HALEY, j Barnwell, S. C., June 14 139 w3m j A(lminl*fraloi’’* Sale. 1 \ J'J’-ABLE loan order ofthe Inferiar Court xw. of Bnrke county, when silting for ordinary pur poses, will be sold on the first Tuesday in * ctober i next, at Wnynesborough, Burke county, between , the usual hours of sale, three hundred and sixty r eight acres of land, more or less, adjoining lands ot » Drury Corker and Calvin Churchill, belonging to the estate ol Abisha Jenkins, dec’d Terms of sale outheday. L. B. BURCH, Adm’r. July 21 171 wtds FOUR months aftet dale application will be made to the honorable, the Interior Court of Burke county, when sitting for ordinaty purposes, for leave to sell One Hundred Acres ol Limit in said countye Monging to Ihe estate of Tbomos Mallory, dereasede adjoining lands of Thomns Bostick and James Bell. May 201H.1837. JOHN B ROBINSON,Adm’r. may 27 ra 4t 124 Administrator’* Kale. On the first Tuesday in October next, WILL be sold at the Court House in Appling, Columbia county, under an order ol the hon orably the court of ordinary of said county all the real estate of Wm. Fletcher, deceased, consisting of 191 i acres land with a good Dwelling House out I onildings.Ac adjoining land of Hunt, and others, i Term* on day of Sale. k PETER KNOV, Adm'r. j August 1 179