Newspaper of Burlington Free Press, April 20, 1838, Page 2

Newspaper of Burlington Free Press dated April 20, 1838 Page 2
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but so tunny nuisances, ntiil abolish nil pa per currency whatever? Or i it expected, on 111c contrary, mat nflcr this system shall I"! adopted fur the uo of Government, there will still bo n pa par currency in thu country for the usu of till! pi'lllllc? And if them shall still bo a paper cur rency, will Hint, currency consist of irro rieomablo Government pnpor, ornfennvor tiblo bank notes, Midi ns Imvo circulated heretofore? These questions must ho on. sworeri, before wo can jttdgo'of the opera, tion or this bill. As to nn exclusive metallic currency, fir, the Administration on this point is rogti. larly Janusfticud. Out doors, nnd ammig tho peoplo, it shows itself 'nil clinquant, all in gold.' There, every tjnrg is to bo bnrd money no paper rags no delusive credits nn bank monopolies nn,.lriist in paper of any kind. Hut in thcTrcnMiry Depart ment, and in the Housed of Congress, we sec mint her aspect mixed nppoarnnco. partly gold and partly pnper; gold for G iv Cfiiincut, and paper for tho peoplo. The small vnico which is heard here, allows the ub-oliito necessity of paper of some 6ort, nnd to some extent. 15ut tho shouts in the community demand tho dcs'rnciiou of nil batiks, ninl tin; final extermination of till paper circulation. To tho people, the lion roars against pa per money in nil the loudness nnd terror of hU natural voice ; but to members of Con. press, he is more discreet j lest hu should frighten thorn out of their wits, ho hero restrains and modulates, anil rears "as pen tlv gale." Tho impracticability of an ex clusive metallic currency, the absurd. ty of attempting any such thing in a country like' this, are so manifest, thai nobody hero nn-1 (lortakes to support it by nny reasoning or Argument. All that is said in its favor, is general denunciation of paper, general out cry ngaint tho banks, and declamation against existing institutions, full ol sound nnd fury Hgnifying nothing. Tho moment any 0110 considers it, he sees how ridiculous any such attempt would be. An cxcluivo metallic circula tion for the. second commercial country 00 earth, in thu nineteenth century! Sir, you might as well propose to abolish com merce altogether. The currency of Egland is estimated at sixty millions sterling : anil it is Mr. Mc CullochV calculation, that if this currency were nil gold, allowing only one quarter of ono per cent, for wear of metals, thu nn una! expend, attending such a currency, would be three millions and a quarter a year, or nearly live per cent, upon tie) whole. With ns, this charge would be much great cr. The loss of capital would bo more, owing to the higher rate of interest; and besides nil this, is the cost of transportation, which, in n country so extensive ns ours, would bo vast, nnd not easily calculated. We should also require, proportionally, more specie than is requisite in England, because our system ol exchange, by means of bills of exchange, is, at present, and would be. under such a system as is pro posed, much less perfect and convenient than that of England. Henries, the Eng. lisli metallic circulation is mostly gold, gold being in England the standard metal. With us, silver and gold both arc made standards, at n fixed relation: nnd if we should succeed to keep this relation so true ns to preserve both of tho precious metals umong us, (which, indeed, is not very wobable.) our circulation would bo still moro exnonsivo and cumbrous, from the quantity of silver which it would contain. The silver in tho world is estimated to be fifty times that of gold in amount, nnd consequently something more than three times in value. If both should circulate, therefore, equally, in proportion to value, the currency would bo three parts silver, and one of gold. Now, sir, the annual expense of such a circulation, upon the basis of Mr. McCul loch's estimate, would exceed the whole annual expenditure inario for ournrmy and - our nnvy. Consider, sir, the amount of actual daily payments mndc In the country It is difficult to estimate it, and quito im posiibh; to nsccrtninit, with nny ncccuracy. But wo can form some notion of it, by the dailv amount of payments in the banks in some of the cities. In times of prosperous business nnd commerce, I ho daily amount of nnvinents in the banks of New- York nlnne! has been equal to eight millions Whether we call this n tenth, a twentieth, or 0 fiftieth part of all payments and rc ceipts made daily in the country, we sec to what an aggregate result the whole would rise. And how is it possible thai such an amount of receipt nnd payment could he pcrlnrmcd by nn actual passing of gold and silver from hand to hand i Such notions, sir, hardly require Eerious refutation. Mr. President, nn entire metallic cur Tcncy would necessarily create banks im mediately. Where would tho money br I;ept, or how could it bo remitted ? JJanf of deposito must nnd would bo instantly provided for it. Would merchants of the cities bo seen, in their daily walks of bus ncss, with servants behind llicni, with bags ofcold and kegs of silver on their wheel barrows? What folly 13 great enough to imagine this? If there were not now n bank-note, nor n bank in tho country, nuil if there should be nn exclusive speeio cur rency to morrow morning at nine o'clock ihcro would be filty hanks beforo sunset From necessity, there would be created ni once places of deposito; nnd persons bav in" money ip such depositories would draw checks for it, and pass these checks as money, nnd Irom ono hand tbev would nas to another ; or the depositary himself would issuo certificates of deposito, and these would pass as currency. And all this would do no moro than just to carry us back two or three hundred years, to the infancy of banks. We should then have done noth ing but reject the experience of tho most civilized nations, for some centuries, ns well ns all our own experience, nnd have returned to the rude conception of former times. These certificates of deposito would soon bo found to bo often issued without any solid capital or actual deposito. Abuses arising Irom this sourco would call for legislotivo interference, and the Legis lature would find it necessary to rcblrniu tho issue of paper intended fur circulation, by enacting that such issues should only bo mndc on tho strength of competent cap ital, nctually provided and assigned, placed under proper regulation, and managed by I persons responsible to the laws. And this 1 (would bring us again exactly to tho statu ol things 111 which wo now nrc, thai u to say, to the use of the paper of banks, es tablished, regulated and controlled by law. In the mean time, .before this process could bo cnrried through, half the community would bo made bankrupt by the ruin of their business, nnd by the violent and rev olutionary changes of properly which the process would create. The whole class of debtors, all that live more by industry thnn on capital, would hu overwhelmed with unrii-iingiiishing destruction. There will then sir, bo no such thing ns an exclusive paper currency. Thu conn try will not bo guilty of tho folly of at tempting it. I should havn felt that I had occupied too much time with such 11 senseless and preposterous suggestion, wcro it not tho manifest object ol pnrtisnns to press such notioiH upon the attention of tho people, in niil "f the war against tho banks. We shall then, sir. have paper of some sort, forming a part, of our currency. What will that paper be? The honorable gentleman from youth Carolina, admitting that, paper is neccsary as a part of thu currency, or circulation, has contended thnt that paper ought to bo Government paper Government paper, not convertible nor redeemable, only so far as by being ccivablo for debts and dues to Govern tn 0 11 1 . My colleague has endeavored to a! My thu Senate, that the aim of the whole system, of which he regards this bill as but part, is to establish n circulation of government paper and n government hank. Other gentlemen have taken thu sauiu view of it. lint, nsthu bill itself does not profess nny such purpose. I am willing to discuss it in tho character in which it presents itself. 1 lake it for what its friends say it is a bill making further provisions for col'ecting tho revenue. We nro, then, sir, still to have paper as general medium of circulation ; that pa per it is to bu tho paper of banks; but lovcrntiicnt is to bo divorced, tram these hanks, altogether. It is not to keep its funds in them, ns heretofore. It is to have nothing to do with them, but is to collect and di-bnrep its revenues by its own incain. anil its own officers. The receipt of specie paving banks is to be partially allowed for some lime, but it to uc gradually discontinued ; nnd six ears hence, tve nro to arrive at the matu rity and the perfection of tho system. When that auspicious day comes, dovern nient is to receive and to pay out gold and ver, and nothing hut gold anil silver. Now, Mr. President, let us anticipate this joyous epoch ; let us suppose tho six years to have expired; and let us imagine this hill, with its specie payments and all, to be in full operation nl the picscnt hour. What will that operation he? In the lust place, disregarding all question of public convenience or tho general interests of the people, how will tins system work as a mere mode of collecting and paying out revenue ? Let us see. Our receipts and expenditures rnav lie estimated each, at thir'y millions a year. t hose who think this estimate either too high or too low, may make the necessary allowance. Here, then, is the sum of j thirty millions, lo be collected and paid out ovcy year; nnd it is to bn counted, actually told over, dollar after dollar, nnil gold piece after piece; nnd how many 1 upon the banks, and it c.ill upon indivulu lioics counted? Let ns inquire into that, i ala.'fnr their hard dollars, that they may l'hc importing merchant, whoso ship hnsibeiv.it away and locked up in the Tiensii'v arrived, nnd who has cash dimes to pay, 1 al the very moment when the country i, auf goes to the bank for his money, nnd the farms for want of more siircie in the circit tellers count it nut : that is once. lie car ries it to the customhouse, pays it, and the clerks count it over; that is twice. Some davs afterwards, the collector takes it out of his b igs and chests, carries it to the receiver general's office, nnd there it is counted again, nnd poured into thu hags) and chests ol that ollico: that is the third time. Presently n warrant comes from thu Treasury, in favor of some disbursing officer, anil the boxes are opened, and the I necessary sums counted out : this i.s the .tth j counting. And, fifthly nnd lastly, tho (lis. hursing officer pays it to the persons entitled receive it, on contracts, or t ir pensions, to llaries, or other claims. hiriy millions ol hard money nro thus handled anil told over live tunes in tho course of the year; and ifl hero he transfers from plae.oto place, then, of coiiise, it is to be counted so much oftencr. Government officers, therefote are to count over ono hundred and fifty millions of dollars a year; which, allowing three hundred working days in the year "ives five hundred thousand dollars a day. But this is not nil. Once a quarter, thennval officer is to count the collector's money, and the register in Ihe land ollico is to count the receiver s money. And more over, sir. every now and then the Secretary of the Trra-ury is to authnrr.o unexpected nnd impromptu countings, in Ins discretion, nnd just to satisfy his own mind? Sir, what a money counting, tinkling, jinglitig'gciiernlioii we shall be ! All the money chargers in Solomon's temple will bo as nnihiii'' to us. Our sound will go forth unto all lands. Wo shall all be like the king in the ri.lty of the nurseiy: "Theic sat iho king, 11 coaming (.f his money You will observe, sir, that these receipts nnd nnvments cannot ho made 111 parcels without nctunl hnndling of each piece of coin. The marks on kegs ol dollars, and the Inbcls on bags of gold, nro not to be trusted. They arc n part of credit and ll nredit. nil trust, nil confidence is to ho done nwny with. When the surveyor fur instnnce, nt thu custom-house, is to r.r amine the money on huiul, in possession of tho collector, or receiver general, he is, of course, to c unit the money. No other examination can come to nny thing. He cannot tell, from external appcaranco, not from the woi'Mit, whether tho collector has loaned out the money, nnd filled tho bags nnd boxes up with sand and lead, or not Nor can counterfeit pieces be otherwise detected than by actual handling. Hit must open, he must examine, he must count. And so al tho laud offices, the mints, and elsewhere If these officers shall huvu a tnsto for silver sounds, they nro .likely to be gratified Mr. President, in all soberness, U not this whole operation preposterous? It begins by proposing to keep the public moneys. This, ilsulf, in the sense tho word is hero used, 19 a perfect novelty in the United Slntes. Why keen tho public moneys! that is to say, why hoard liinm, wuy ncr uu-ui ui i tun? Tho use of money is in the ex chance. It is designed to circulate, not to he hoarded. All that Ciovernmeut should hnve to do with it, is to receive it to-day. thnt it may pay it nwny to morrow. It slmnld not receive it, beforo it needs it; and it shoulripart with it as soon asilowes it. To h'trp it that, is, to detain it, to hold it back from genernl use, to hoard it, h a conception belonging to barbarous times nnd barbarous Governments. low would it strike us, if vo should seo other great commercial natioin noting upon such a system ? If England, with a revenue ol fifty millions sterling a yenr, wore found to bn collecting and disbursing every shilling of it in hard money, through nil tho rami ficotinns of her vast, expenditure, should wo not think her mad ? Dot the system is worse hero, because it withdraws just so much nctivo capital from tho uses of a country thnt requires capital, nnd is paying interest for capital wherever it can obtain it. But now. Fir. allow mo to examine the operntioii of this measure upon the general interest of commerce, and upon the general oorreonv of tho country. And 111 this onini ol view, tho first great question i What amount of gold and silver will this operation subtract, from the circulation of the country, uiul from the imc of the banks ? In regard to this important inquiry, we are not without the means of forming some judgment. An official report from the. Treasury, made to tho other House, shows that, for the last ten vcars, there has been, at tho end of each year, on an nvcrngn. fifteen millions and four hundred thousand dollars in the Treasury. And th's sum is exclusive of nil that had been collected of I ho people, but had not yet reached the Treasury: and aho of nil that had been ri-nwn from tho Treasury by disbursing officers, hut which had not yet been by them paid to individuals. Adding these fciiiTis together, sir, and tho result is, that on nn average for the last ten years, there have been at lea it twenty millions of dollars in tho Treasury. I do not mean, of course, that this -nun is, the whole of it, unappro' printed. I menu that this .amount has it fact been in lb : Treasury, either not appro printed, or not called for under appropria- lions; so that if this sub-treii'ury scheme ha.d been in operation in tunes past, or the specie 111 tho currency, twenty million wctilri Imvo been cou-tnntly locked up in the safes and vaults. Now, sir, I do not believe that, for these ten years, the whole amount of silver and gold in tho country has exceedi'd, on tho average, fifty or sixty millions. I do not believe it exceeds sixty millions nt thu present moment, and if wo had now tho the ivholo system in complete operation, it would lock up, and keep locked up, ono full third of all the specie in the country. Locked up, I say hoarded rendered ns n-eless, to all the purposes of commerce nnd business, as if it were car ried back to its native mine?. Sir, is it not inconceivable that any man should fall upon such a scheme of policy as I his ? Is it possible that any one can lail to sec the destructive effects of such a policy on the commerce and currency of the country It is true, the syMem does not come into operation all at once. But it begins its ilei niris lor specie immediately; it calls Intion, and the banki arc suffering for meant to enable them to resume their payments. And this, it is expected, will improve the currency, and facilitate resumption ! It has heretofore been asserted, that the general currency of the country needed to be strengthened, by the introduction of more specie into the circulation. This has been insisted 011 for years. Let it bo con ceded. I have admitted it, and, indeed, contended for the proposition heretofore, ami endeavored to prove it. But it must bo plain to every hotly, that any addition of specie in order to bo useful, must either go into the circulation, ns n part of that cir dilation, or else it. must go into the banks. to enable I hem the better to sustain tiuri redeem their paper. But this bill is calcu lated to promote neither of those ends, hut exicllyllmrevcr.ee. It withdraws specie from the circulation and Irom the banks, nnd piles it up in usulcss heaps in the rrnnsiiry. It weakens the general circu lation, by making the portion of specie, which is part ol it, so much tho less; it weakens the hanks, by reducing the nnioiint of coin which supports their circulation. The general evil imputed to our currency, for some years past, is, that paper Ins formal too great a portion of it. The operation of this measure must bo to in crease that very evil. I have admitted the evil, and have concurred in measures to remedy it. I havo favored thu withdrawing of small bills from circulation, to the end that specie might take their place. I discussed this .policy, and supported it, s early ns R'.l:2. My colleague, who, horilv niter that period, was placed in the chair of the duel magistracy nt Ma-saclur setts, pressed its consideration, at length upon the ntteiuion nt the Legislature of that Slate. 1 still tlunU it was a right policy. Some of the States had begun to

adopt it. Bui the measures of the Admin istration, nud cipecinlly this proposed measure, throw Hits policy nil aback Th"v undo at onco nil that wo havo been laboring to do. Such, nud so pertinacious has been tlm demand of Government for specie, and such new demand docs this bill promiso to create, that the Statc3 havo found themselves compelled again to issuo small bills for the use of the people- It was a day of rejoicing, as we havo lately seen, among Ihe people of New York, when the Legislature of thai Stnto suspen. ded the small bill restraining law, mid fur iibheri tho people with seine medium for small payments, bottur than tho miserable trash which now annoys thu community The Government, therefore, I insist, evidently breaking down its own declared policy: it is difeatiug, openly and uinni i'estly defeating, its own professed objects And yet, theory, imagination, prcsuinp tonus generalization, tho application of militnrv movements to questions ol com inerce nnd finance, and tho abstractions of metaphysics, otler us, in such a slato of things, their panacea. And what is it? What ist it ? What is to cure or mitigate these evils, or what is to ward off lutiiro calamities ? Why, sir, the most ngrccnblu remedy Imaginable ; the kindest, Iciidcrest, most soothing, nnd solacing ripnlication in tho whole world ! Nothing, sir, nothing upon earth butn smart, delightful, porpo' tint, nud irrcconcilcnblc wnrfaro, between tho Government of the United States and the Slato banks ! All will be well, wo nro assured, when the Government nnd the banks become nntagonjstical ! 'Yes, sir, "antngonistical !" that is tho word. What a stroke of policy sir, is this! It. is n delicate n ctrntngem ni poor old King Lear's and n good deal like it. It proposes that wo should trend lightly nlong, in felt or on velvet, till we get the bank's within our power, rind then, "kill, kill, kill !" Sir, we may talk as much ns wo please about tho resumption of specie payments, but I tell you that, with government thus warring upon tho Ivinks, if resumption should inko place, another su-pons'nn I fenr would follow. It is not war, successful or unsuccessful, between government nnd the hanks it is only pence, trut, confidence, that can rcsloro the prosperity of the conn, try. Th's system of perpetual annoyance to the banks, this hoarding up ol money which I ho country demands for its own neccsary uses, this bringing of tho whole revenue to act, not in aid and furtherance, but in direct hindrance and embarrassment of cotntnerco and business, is utterly irrec onctlcablo with tho public interest. We shall see no return of former times till it be abandoned altogether nbandoncd. The parage of this bill will crcatu new alarm anil new distress. People begin already to fear their own government. They have nn actual dread of llioc who should be their protectors and guardians. There nro hundreds of thou sands of honest nnd industrious men, sir, at this very moment, who would feel relie ved in their circumstances, who would see belter prospects of an honest livelihood, nnd feel more sure of the means of food and clothing for their wives and children, if they should hear that, this measure hail received its death. Let us, then, sir, away with it. Do we not see the world prosperous around us ? Do wo not see other governments and other nations en lightened by experience, nnd rejecting arrogant innovations and theoretic dreams, accomplishing the groat ends of society? Why, sir, why are we, why are we alone nmnnp the great conimorcial states? Why are wo to bo kept on tho rack and torture of these experiments ? We have powers. adequate, complete powers. Wo need only to exercise them; wo need only to perlorm our constitutional duty, nnd we shall spread content, cheerfulness and jov, over the whole land. To be continued. !' 11 1 I) A Y AI O II N INC, M' It I I. 20, Tun Knw Yom; Ciiaiiti:h Hi.ncTios. Tho contest for municipal oflieers in tin city, wns reunrknblv close and severe. The Tories had laid their plans broad and deep to carry the city. They calculated that tho success of t lie Whigs in the city Inst spring and fill, their splendid triumph' m Connecticut and riomon-tritinus of popular feeling again! Van liiirenism almost every section of the country, would lull tlic Whigs into a confidence and so entity thnt would prove fatal to their ticket and enable tho federal loco focos to tri umph in the sniggle. They therefore lay in ambush with their hired forces, and on the first day of the election, made their grand onset, nnd apparently carried every thing before them. On the second and third days, however, their courage and resources failed them, while thu Whigs gathered new energy and worked with ro nowcri vigor and activity, The reeiilt is a triumph a signal triumph for the Whigs. The New York Express says ''Wo have tho great pleasure of announcing to our readers, that ihu Whigs have a com pletu victory in the city, in the re olection of Mayoii nnd a Whig Common Council. There is nothing now to dim our triumph. Wo have beaten all the Locos in the city. and GOOO of their allies from other quar ters. If there is any city in the Union that can do better, bring it on. Never was such a battle more gloriously won." The whole number of votes polled was 39,35 t. Of these, Clark, I Whig) received 19.703 Va rin (loco foco) 19,2-1'2--Hiker (conservative) 33C leaving Clark a plural ity of 5J1, and a majority over loco-focoism and all oilier isms, of lf!3. Of the com mon council, which consists of 3 I members. wo have elected nine Aldermen and nine assistants, giving tho whigs a very com foriablo majority of tveo in that body. The true test of strength, relatively, is to compare tho result of the New-York Charter Election, in 1037 with tho result of tho recent Election. In I "37, 31,999 votes wcro polled, cf which Ci.aui; had 17,014, Morgan, (Van Huron,) 13,712 and JAcqiu:s (Loco Foco) 4,2-13. Thi loft Clark 911 votes short of a majoriiy. In the recent, trial 39,354 voles wcro polled. The Van Uurcn nud Lnco Foco votes were united upon Vnrin, and yet Clark has n majoriiy of 500, showing a Whig gain, 8illC0 1037, of roUJVTEE.N iiunijiikd VOTI'.S Hut this is what tho Argus would call "an ephemeral triumph of federalism." Wo are satisfied however so long as wo can securo such triumphs, nnd a plenty of them, New Jersey Illa tions have gone as thov havo gone every where else Whig. In Newark, Railway, Elizaboihtown, Wood bridge, Now lirunswicl;, and to forth and m Miiir..MUimmin,jimiit i laiunuiuw wwwtg so forth, the Whigs Imvo swept every thing beforo them. In tho municipal election at Jersey City on Monday, it was all Whig, whnlu Whig nnd nothing but Whig. D. S. Gregory, Esq. was qlcctcd Mnyor by n large majority over tho next highest candi date, who wns n Whig also, and the entire Whig ticket was elected without anything like n decent opposition. linooKr.YN CiiArvrnrt Election. The Charter Election in Brooklyn took place 011 Tuesday last, nnd from the returns pub lished in the N. Y. papers wc learn that the Whigs have elected their Supervisors by handsome majorities and n majority of near two to one in the Common Council. Last year there was n lie in the Common Council, 9 Whigs and 9 Loco Focos this year It Whigs, 1 Conservative and G Loco Focos. Thu triumph is, therefore, com plete. U"A brilliant Whig victory has been achieved in Detroit, the capital of Michi gan. Augustus S, Porter, Ejq., Whig, has boon elected Mayor of that city by a majority of 331 over his Loco Foco oppo nent, Henry Howard. Last year tho Loco Foco Mayor was elected by a majority of 271 shewing a Whig nett gain in one year of moro thin six hundred votes ! : tiiouougii Sweep- The Whifs of Portland, (Me.) have sot us a good cxarn pie for a Charter Election. They have elected the lion. Lnvr Cuttck, tho Whig candidate for the Mayoralty, an entire Whig Board of Aldermen, and a Whig Council and other city officers entire, in every ward but the Seventh. Six out of seven wards gave for Co-rrnn, (Whig) 1172 for Mri'cm:r.r,, (Tory) OG'-. Nr.w Ur.iH'onn Election. The dec- lion for town officers in New Bedford took place on Monday The Whig candidates wore chosen almost without opposition and hardlv a rally was rrndu in favor of Van l)uro:iis;n. Many, who hayc hitherto gone with tho administration, surrendered unconditionally on finding, as recent (level opmenis prove, that the policy of the President is in tho highest do"re"o odious and injurious to ihe great majority of our citizens. nation Jlllas, Connecticut -fls she teat, and as she is, I ho majority, ic will be remembered, against the Whig candidate for Governor last ycar in Connecticut was twenty three hundred. This year tho Whig majority i nearly Six thousand votes. The Li:gisi.atuiif. last year was divided thus; Senate, Lnco Foco3 14 Whi"s 7. House Representatives Loco Foco's 121 Whigs Co, giving the Loco Focos r. majority on joint ballot of forty three votes. Tnr. Lur,isi.Tunr. just elected i3 divi (b;ri Senotc, Whigs twentijlzo Foco oe. Ilou-e of Representatives', Whirs 15G. Loco Focos 50, giving to iho Win a majority of only one hundred and twenty five votes on joint ballot. This wc soppo make them strong cu nigh to displace John .M, Niles from the Senate of the U States, and elect over him a firm Whig uj i no largest; wing mnjnri'y "ivon in nny town in I ho Stale, on .Monday, was cast by Now.IInven. That town nve a ma l'iritv lor Ellsworth, over nil opaositinn 44.: 1 In-majority in Hartford, was 39!! Old Mtlford gave a majority of 2D9- Ma piriiy in the three towns 1 14J Couranl. CoNGncss. Thcro is no news from Congress worth reporting. Thu Senate has been engaged in tho diacussion of to prevent duelling in the District of Columbia, which having been so amend as to make the giving or receiving or the carrying of a challenge an offence puni-ha b'u by imprisonment in the penitentiary was ordered to a third reading on Tuesday week. In the IIouso of Representatives the same subject has occupied a good share of attention. Petitions and memorials on the subject of the late duel, and on the subject of duelling, generally, have been presented in great numbers from Maine, New Yuri Connecticut, and somo other States. On Friday, the bill to graduate the price of public lands passed the Senate. Ave 27 noes IC. In the IIouso, Mr. Cambrclcng reported a bill for tho issue of Treasury Note which was road twice and committed. On llio 9th instant Mr. Hauler, mi nilministr; lion member fiom Ohio, moved lo suspend iliu i ulo, to enable him to introduce the follow ins P,e iiinblo nnd tcsolution, "Coniideilng thai the hushies?.- commerce, eir eulation and exchanges of the country ;uo in a de ranged and eiuhairasjed condition, and consider ing, ulso. that u part of tho hanks of die U Slalr.s have exploded a desire to resume specie payinciils in nn iai iv 1 1 io.i. "Uesohed by ilm Senate and House of Hepre scnlittivcs of ihe United Suites of America in Con giesn n.emoie.l, hat. H t in tl:ml;i. or n unit im of tliein, do iluu icsuiue, ii.w ill ho iho dulv of the iicuerni lioveinineni, within iho limits of its coiv eliltilional authority, lonid such hanks, ns iho pre cut niliiimistrnlinn deigns o do, in legaiutng pub lie. eoiifliU'iii-c. nnd In emiaiii them in ilw-ir i.m.li lite ellurls lo hilhl llictr otihgalians, lo relievo llie wants ol llio cimiiminiiy, and lo icstoio to the peo iiu ii euuiui Liiciiiaiiii uieinuin, Tho motion was lost jcas 110, nays Gl ; two thirds being lequisite to suspend the rule. Tlioio who voted in tho negative, mo ndmiaijirnlion men Mr. Hall, of Vermont, has given notico that ho shall introduce a resolution to expel trom tito nouso every member connected wiiii uie laic uuci. i .i m .1 jii imj;iujbii I'OKKION. London dale to die 9th Martli have been ree'd. Tho 1111 on parliamentary elections, n ministerial measure, v.u lict.ii lot in ilia Iln.i.n r l.n,iU.. I'llC llliniMrv ivcic nln nrv near Ik-Iih. 1 AY,i.,I In the loner llOIt u on n mntinil fur -m mlilriTu n, il.n Queen, whirli contained tho iilion ilnilllio l,Co ' liiiiibles in Lan.uli pin "in n gic.U diico nttri httlnble lu llin want offiiipaiijlil nnd cti(irgy"on iho purl of the M ini'tty. T'lipir majority win only 29. Mr. O'Connell's toprhiiaiiil, unit his repetition of the cane of olTi'iico, had co.iscd lo occupy the nt- ICntlOII 01 OK-' nnnrj. I ho bnzlitli money innikri had brcn malcrially nfleclcd by llio opcritlioin of ilia Agent of ihu Unit ed Slates Bank. Alt'. Jamlon had nniwiinre.d In llio holders of tinned Slates ItoniU, of which lliero as n taiga amount duo on the In of April, that ho is ready to pav llicni on uiczi ol alarcli, (Its- onminu nt llio i ulo of '.I per cent, per utei. Thin nl uiicn aieit conlnlenri! to llio holder of United .Suites Bank .Securities, nnd United Slates Hank Stock rold at 25 10s. i siitHrqncnt nirival brings London dates lo tin lOili March. Public attention was quite lurnc.l fi om the affairs of Canada, and bestowed upon llio subject of West India slavery nnd apprenticeship, Lord (ilcnelj having brought forward bis bill in relation thereto. great nntisUvcry meeting1 is hold nt Cxcler Hull nn llio 14ihj nt which Lord lirough.ttn nnd Mr. O'ConncI poke llio lat lor bestowing his usual modicum of abuse on llio United Stales. Urpnu Canada. We learn that great exer tions wci n ni d(iiig on Monil ly last, nt Toronto, lo nc the lues ol l.ount nnd Mnlllmws, sentenced in ho executed je-leiday for high lienson. peti tion signed by SOOt) persons had b'Pn piefented to Iho l,'jci nor, iifKiug (lie oxeiei'col llio pardoning power. Similar petitions were oiiculaiing ilirongli iho country. Tin! I.ewi-lon I'clegiiipti of SVednea- lay, stales in n posurripl, lliatllio executive emu- moil eounc.it weio called together at ten o clocK that riav for the "ioiniediate despatch of urgent bo sincss," piohably for ili'j rereption of petitions nnil teinonslrniiccs ngainsl the execution, Ttujf. Jour. Soollietland, who hail hern convicted iincUcn- Icnced lo death, h.is matlo some itnpoitunt riiscto- sines, which, it is said, will s;o htm. It nppears that a Mr. Ketcltuin, picsiilcnt ol the runner a Hank, nt Toronto, is one of tits persons implica ted in the disclosures. Navigation. The Lake is open, and several vessels are now in port. iho steamers M'Donougb and Washington, came in from tho Harbor, on Wednesday, and tho line boats will be in motion, per haps before this notice meets the reader's eve. Bank Convention. --Thu Bank Con vention at New York met last week, con sisting of 142 delegates from 13 States. A committee, of one from each States, bag reported the first of October as the limo for resuming specie payments. This waa on Friday. Report not acted on. Tho Philadelphia Banks not represented. Mr. Biddle is opposed lo resumption or to fixing a day, at present, on the ground that the causes n( the suspension still remain !n full force, and thnt "nvcrnmcnt miFst fi't not. OCT Governor M.vncv cominunicMcd a special message to tho Legislature of New York on the 13th hist., recouimcndin" that the Commissioners of tho Canal Fund be authorized to issue the State slock, requi red fur the completion of the public works, and loan it to the Banks, if the emergency shall arise demanding its use, in cid of a resumption of speeio payments. St. Augustine, April 0. Recent arri I- from Jupiter river inform us that tho 000 Indians encamped there, "nwai'ing tho decision of the I're-idem," have heenenp- inreo uy oritur or Uen. Jesl-p. A part of tli-iii have been sent lo Key llitcayne, (Cape Florida.) the remainder havo gono over land to i ampa Bay. They nrc, in nil, 520 in number, men, women, "and child ren; 01110112 them 150 to 200 wnrrnrs. A more recent arrival briii-rs information that Colonel iU.wiiUAD.witlt Ins command, alter traveling some ''terrible" swamps, came up with a body of Iiuliaiis.nuinbnr not nown, out snpposed-to be Sun Jones'tiano-. to whom a flag was sent; but tho Indiana bred upon the flag. An attempt was then made lo surround llio Indians, but without eucccss they escaped. An express arrived here a few davs since from Micauopy, by which wo learn that two men have been killed and scalped in that vicinity. The name of one, wo un derstand, was Ilogans we havo not learn ed the name of the other. Pensions. By a recent act of Congress pension agents are directed to make no payments when tho pension claimed has remained duo eight months after the samo became payable. CouNTEru'Errs. The Troy (N. Y.) Whig says that counterfeit three dollar bills, letter L. of the Farmers and Mechan ic's Bank, Burlington, Vt., were offered on Wednesday. To -run PuneosE. There is a vast deal of pith and point in the following rcsolu lions, passed at the recent Young Men'a Whig Mooting in New York: ' Resolved, That wc can place no confi dence in an administration which atsr.ils credit while it is itself sustained by credit ; which redeems tho promise of Metallic Currency, by tho issue of millions of in convehtuii.e Papeii: which retrenches outlay by augmenting the salaries of Oflieo Holders, and reforms Patronngohy iiurcas, ing their numbers; which gives us a cheap er nnd moro Deumcrntic system, by trebling our annual expenditures ; which found us with an immenso National Surplus in tho Treasury, and has involved us 111 a NA TIONAL DEBT. BREACH OF PROMISE. The caso of Laura .Inn Jlunson vs. Hastings, on review, for a Bhkacii of PitoMisi: of Marriage, came up for trial 011 Thursday last. The exaniinalioii of wit nesses, being near sixty on both sides, tho case occupied the court the wecfe out- It was nflur ten o'clock on Saturday night before tho caso was given l'4'ho Jury. Council for the PlaiutifT .MckTs Ltnsly, Clark ami Harrington for tho Defjndant Messrs. Holmes and Ormsby. Yesterday morning tho Jury returned a Verdict of