Newspaper of The New York Herald, January 5, 1842, Page 3

January 5, 1842 Tarihli The New York Herald Gazetesi Sayfa 3
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/l_?; P O S T S C ii 1 I' 'I'. WaoUlngton. [Correc ponjenco of the Ilerald.] Washixotox, J i? 3. Im Tariff?The Exchequer?The Whlgi Md Mr. CUy?Piihlonkblc Gaiety. The House his at last disposed of the question of reference of that part of the President's message which relates to the tariff Mr- Cost Johnson made a sound and able argum-nt in support of the prrpo sition to eeud thf subject to the Commirtee of Ways and Means, hut it had been decided in caucus that it should go to the Committee on Manufactures, and such was its destination. The next matter to be disposed of is the apportionment under the new census This is a questiou af fractions, principally, but it will necessarily involve a protracted dia'ussinn. It ts indispensable that this should be settled at an early day, in order that the State Legislatures, now, or soon to be, in cession, may be able to modify their laws relating to die election of members of Congress There have been no new developments respecting the probable nc ion of either House on the administration scheme of finance. The prevailing onin on i3. that both the whigs and democrat* will divide upon ir, an 1 its fate may be considered extremely doubtful. If a majority of the whig party permit Mr Clay to lead them oil" into opposition, indiaeriminate or unreasonable, they are ruined beyond the hop* of redemption. There will not be whigsenough in ihe next Congress to forma " corporal's guard." The democrats will sweep the ountry at the eh ctions to take place next summer or fall, more generally than in the late contest. e shall see whether th ; wh'gs have the tact to avoid the breakers upon which Mr. Clay seems determined to drive them. A ,few days indicate the shape which the political ele??ents, now in a state of chaca, are to take. The festive gaieties a * soluble for this season of the year, and for which Washington has long been famed, are about to ^ commenced. Mr. Bodisco, the Russian Minis*'. K'*e8 a lar8e ball. nt his hospitable mansion, in Georgetown, to-morrow night. Your readers shut) have fa description, just as minute as shall be respectful and agreeable to the Minister and his charming lady. There is a strange affectation of squeumishneas among a certain class of would-bc-ladies of ihe ton,both here and elsewhere, respecting published descriptions of piivate parties and balls. Everything depends upon the spirit and manner in which these descriptions are done. If Chey are writt< n by a gentleman, in good taste, they ?an hardly be unpleasant to auy of the persons concerned. There must be a certain delicacy of touch, a nice discrimination in arranging the figures in the picture, a careful suppression or concealment of names, and a reference to peculirritiea in accomplishments, manner or costume, which shall enuble the reader, familiar with the society attempted to be sketched, to recognize the individual. If all these things are duly observed, a lively and faithful representation of a public ball or private party, will alvays be read with interest and pleasure; and the (H*st sensitive and delicate lady cannot take exception to a description of a waltz or gallopade in which ?I grace mm uc tuij rA<;ncu umvcoai dUHiirailOIl, presided her name is not obtruded before the public This is our view of the matter, and unles3 it ahall be disagreeable to Mr. Ilodisco, we will endeavor to give an illastrution in Friday's paper. A new practice is about to be adopted in reference tosocial vi.'iting at the White House. Since the accession of President Tyler, the drawing-room has been open every evening, for the reception of 4)1 .all the acquaintances of the family, and other perL )pna having the entree to tae Executive mansion.? imuse has thus been thronged with visitors I y ni?ht. To eitertain thein all is a task of great i. ir, and both the President and the ladies must r-.veteiund i: - My irksome aud fatiguing.? LjfiKf;^Hereafter, it is intended by the Presidrnt and his mEf family to see their friends on two evening of each week?Thursdays and Saturd ays. Thia will be an m admirablearrangc.oeut in . vtv r,-.-p..ct. It will ref here the family in i great degree, ana render the h unvini delightful to nil. TWIXTY-8KVKSTU CO.YCJRKSS Second Session Senate. Mohdaf, JAM. 3, 1.H42. THK BASKEDPT I.AW. Mr. Wi*?hr presented a petition signed by 10 ??erchantfci>t the ri y of New York, praying the suspension of the Bankrrpt I-aw for two months, from Febilarv n-xf; and like petition from 10 inhabilantsAndoiietigned by 60 laborers and mechanics of Je Cuv or New York. He likewise presented oil signed by between 70 and 80 of the principal mirliau's oi Nev, York, sug-cating various amendnf t* in the Bankrupt Law. He presented another** tit ion signed by a hundred merchants of Vew Ydt pray.iii; for the postponement of the ac|on o'jpe Bankrupt Law tor two years. And a ?iitioTfrom the Chamber of Commerce, New irk, ? 'be suhje t of the Bankrupt Law, which v<ith it other petitions,was referred to the commute 0'(pie jndi iiry Mr Brvrov ptes-nted a petition signed by L.D V isol N* w Votk, praying for the repeal of the Eikrfit T.aw. i.-.lu. im.v a* '.re? nted 'v.-r il .1 i blip clinnn. trVr^i Philadelphia, nod one against ihe conhr*/c?of the tre\?y with ti- Seneca Indians !q- Colhooi* presented several petitions a<piiust t lRnkropl Law. f vtfal oth?r ; e itions were presented l?y othT 8eioa,princip illy'on th- subject of private claims, ke was one uImi presented t>y Mr. WoonnRinor., i vagen interference in behalf of American cuius transported to Van Dieinaa's Land by British fc?th*ity. Th* Vic* PnwiDttvor. r Mr. Prktov Introduced a resolution instructing I I .the Judi. iary Com. nitti e to enquire into the expef ?dienc| of further l>-en!arion ia case of the resignation to>r removal, hy deith or otherwise, of the Vice Prerideut and tne. President of the Senate, and to re?or bv bill or otherwise. The resolution was kgveeS to. Mu.itarr Acadamt. "he f?olo wing reoolution,introduced on Thursday, by*r Graham, was take# up and agreed to:? I pgolrsi), That itm Secrets,T 0f War he directed to inon the Senate whai ii ibnjiium number of cadatl ta le miliiary *rait?>?y at Wei, r?int, from each State toj'erriiory of the Union, and thi District of Columbia, >W regulation, if auy.ovuta in tw? War Department telbctiug the appointment of cadets,so aa to apportion til among tho several 9tato<; whither the whole Mw o( apRoii.tmeut, has at any tim* eaceeded two hiiri-d and fitly, Br. i if go, at what lime 01 times. And wilier when a ?*c.a.-y has been oceanic,er] in the til of cadate, from any <-au?r, a aucccaaor hat been uihrmly amminto I in the a?r,e Congressional district tr< which his predecessor had ^.,,u elected. Mimhivmhv iv th* /?vv. Ir. Harrow submitted n rreolu \-,n instructing tl Natal Commiu e to enquire into the expediency o emulating by law the appointment nt Mulshipr i in the New, according to the repreacntaf/>a <>f tl 3tfttcR The r volution was agreed to. nit: private bills were passed through their sev I stag* 9. men Dtv'a Diuitf. o.v tii* Niw Fi'cslitv. r. UcvTiKoroa resumed 'lr* debate on the Preb Kin's ,i injel .1 u Board of ExchcqtMfi ami he le to the close of the day's session, occupying Its hours wnli h - remarks and he commenced hy o rvmg, that if any excuses were required for the o h> was about to take in the discussion, it was f? i in the imp< rtance nod the magnitude of the i -el proposed t i be referred. It was a subject w ih .va? latum. !> courrt-cted at all points, with th exch.?ng< a of the connfry, and it was a w ee\ wninh took h dd of the labor and the in^ ry t.f tlia country, and it was common d v i all th* busin?w operations of the people of the I Viled 3'ate?; ai d. he might bnd that it referred to ti |>t,wor* of the government and to its duties Rig III - judgraeii. ji was nt ? ps?v?.? IIIU1MCHI M' HII tMfrter >h of I .rrty. It was not his intention, hi^ver, at thatetmcr of the proceeding**, to enter the points to winch he had rrf-rred, nor ?ndefbt !ar?e into eny of them?his ?ole purpose '.h%*'e? tfla k ihe indulgence of the Senate, while VeA- l/?a* brn fl. a* he could consistently with lojpturc 01 the subject?expressed 'he views . kiejrr'aned of ta pr,n<iplrs and the del; i * k Af Ibiil which fu proposed lo refer to n eotn I |mifl;und tie hsd twi Mone for MUeg that in> R IdnjJce? tine was that in his wimble jalgnt-nt the I Ipjjiles and the i robnble re?u|t of it tied IK bTrl I IMff?od (if thoy had oat been raisundereteod) J parte of ilia United Stairs, mor* especially | commercial cities where this pri j i ' ^^Klwuli mm, Irtvor ; the other wai t!:a lie this the appru.ina'e tin' to m*k? s ttve w was aiy Jcthem-tti< y ? (o to the Co-nnnttee with th<* weight to whic'i tl.ej ll we>a entitled. Whatever others might thiok, In ' rould not acree with his honorable friend t'roH P Pennsylvania (Mr Buchanan,) and with h * friend P from New York (Mr. Tallmadge,) that il i* v v not an opportune lime to discus* thia bill ; In- t? I a that he had a du'j to discharge ts that reepe tej.ve 1 nerubl -commonwealth which sent hint there, and * his desire war, as he could not vote for this proposi- jj Hon, that his State should knew his reasons whv. For thisj reason, then, he asked the in- J? dulgence ot the Senate for a short time. One ' of the early sets of the venerable patriot (Lien liar " rison) who was raised to the high office of thePresi- d dent of the United States, by the free suffrages el a 81 free people, was to affix his signature to a prociama- '' tion, which convened Congress to deliberate m die " great measures which called for the exercise of the 81 powers of legislation, and amongst them none were M 1 ' r ? i D more prominent man ine nnauces, me currency, anu r the exelirtnge* of the country. In pursuance ol that proclamation Congress assembled in the month of ^ May last, but he who by way of eminence, . and justly too, was called " the good President," was not here : the hand of Providence ^ had smitten him, and he was no longer in the land of the living; his body was moalderng in c yonder receptacle for the dead, and his spirit . was gone to God. Put the wisdom ot our anceetors had made provision for such an emergency, and the distinguished individual who was elected to the second office in the country by the suffrages of the , same free people, was found here exercising the of- " fice of Pri sident cf the United Slates; and on the '' assembling of Congress in May last, he called their attention to the fsubject which now form- " ed part of the features of this bill. Congress j* then, as was '? duty, took up that subject and con- 1 eiJered i'. They framed a bill which they honed and beloved would answer the purpose intended, ? but it did not meet the views of the President, and '! COp.*eq*?enily it did not become a law, They then Ji piade anoher bill, but that also did not succeed fie *would not go over the circumstancesconneced with v those measures! he would simply observe that they ^ exercised their constitutional duty, and the Presi- " dent exercised his l-enstitutional right, and they c adjourned with an intimation that duriug the t! interval?after time Itad been given for repose P and reflection, some plan would be marked " out which would not be obnoxious to cons itutional scruples, and would be free from objections on r account ot inexpediency, and w hile it was wise and 11 salutary, would at the same time restore to soundness a disordered currency, bring back exchanges to a uniferm level, and lift up and uphold the labor and industry of the country. They went to their q homes, fearing that no plat commensurate with t such ideas could be devised, though they ardeutly wished it might be so. They, however, hardly expected that any such plan could be proposed which * would be safe and salutary, and constitutional; but " they hoped for the best, and he could sav tor one I that he?and lie believed he could say for others that they?had come here hoping and ardently wishing that the disordered condition of the currency, the wretched state of ihe exchanges, the depression of the labor and industry of the country, which were now paralyzed, might cease, and that they might all unite 011 some measure which should he constitutional in itself, and wiae and expedient. Such were the sentiments with which they came there, and such had be? n their feelings from that time to the present. They came here, the plan which in the interim had been matured was presented to them, they had read it, they had caused it to be printed, they had treated it with the respect to which a document coining from such a source was entitled: they had examined it with sincerity, they had had it before them; or at least its outlines nearly a month, and that was the plan which was accompanied by a report drawn with consummate ability? a report which was calculated to produce a deep and lasting impression on the country?it was this report and th:s bill which he proposed, with the leave of the Senate, now to examine What did they find 1 A depreciated paper medium in every portion of the country They found their exchanges ruinous to those who were in business, they found labor and indu-try not meeting with an adequate reward, they lound confidence in State securities lost, aud general depression pervade every nart of the land; and under such circumstances they had presented to the country, as a relief for a portion o." those evils, this bill, entitled, " A bill amendatory of the several acis establishing the treasury department." This m*asare was proposed for adoption to those who for twelve years had been contending against executive patronage, and against executive power, and executive experiments?it was presented to those who h?d felt thes<- things severely, who had severely felt the pressure of former experiments: and it was presented as a p itinera for ? disordered currency mid exchanges (lis Iriena from (Mr. 13uchanun) intimated the other day, that this system was shadowed forth by a distinguished member who spoke here in 1837; about that,he (Mr Huntington) knew nothing personally, yet he begged to remind that Honorable Senator that it was shadowed forth long before that?it was the plaa of a former chiet magistrate of this country,and tiiiit At ti?e- timr ii mw ui'fl lavor from any body. Now, he was oppos-d to any such exreritnents astlii?, and he proposed to examine it with reference to the relation it sustains to the government, and to the exchange?, to the currency. and to the revenues of the country, and he intended to look ut its political asp-ct. Ai d, in the first place, as resp-cts its govermental relation, in his judgment, it is highly dangerous and unsafe: and as regards its effects on tin currency and finauc s, he feared it would be inefficacious; but as to its political aspect, lie considered that it would he destructive. Then as a govermental tHair, in the. first place, this bill proposes to create a Government Institution: and with the feeniior from Pennsylvania he would s iv that it proposes to establish a Gov rninentLUnk He It n i.vir Kir imno if uro a nnf ? nnawlovo?1 " K ? ... ? f>- ? * ? ? purposes; l?ut what weie its powers and itsfui ctions, h its qualities, and its elements ! It was a batik of a i?sue, nnd a bank of depositee, and a bank of ex- 11 change?; it did every inirtg that a bank did, except n discounting promissory notes It received gold and v silver on d'posite, to the amount of 15 millions, end 'j it was to receive all the resources of the United j State-ondeposite; that, is it was to take them into j, their keeping, just as a bank would take them, tub- ? j*ct to be disburs-'d according to the order of govern- i] ment. It was also proposed to receive bank notes c in the payment ofdebts, eo that as a bank of deposite, e it took from individual", coin and bonk notes, and ~ fro'u the Collectors of the revenues of the country V And what more did Banks dol It was also a bank \ of issues; it used paper money, which was called R treasury notes, and certificate! of deposite?certili * cates for which the faith of the government wa> v pledged, which were intend -d to circulate. It was <1 also 10 be a bank of exchanges, and through itscen- ' tril board here, and its agencies elsewhere, to trade J and tralli 'in bills of exchange, with the money of ? the government, to any amount. He was nware v that time and distance were prescribed, but the , amount was unlimited, and it received a premium u on these operations. This, then, was the nature i f q the institution, and this bill might have been t nti- ii lM, ; I! '11 establish _ a Bink "f IvlchetJiKf. Hi Jj knew the report said it was not a bank. |becausc J1 private capital was not einplsyed in it; but was it J necessary to employ private funds to c< n titutc a j b nk f It was equally a bank whether the c - pitnl was public or private. Curing the list c session, it was objected to the fiscal agent, that ? it wou'd encourage kite flying, but this bill b would give us much facility to kite Hying ? 0 Was not thiJ, t],? n a bank T But that was not all ; ' it iW.ih a government bank, and that to his mind t( wis one ot its most objectionable features. In the n first place its capital belonged to the goverrment, ,, and it pledged ihe faith of the government for iti a certificates of deposits; and was not that, then, a si government institution 1 It also nuih r zes its t; ag' nta to buy nnd sell b.lN of exchange, and wm w not the government responsible for thrm I But far- * tlier still, lit" revenues when collected were to go b into this institution. Tins institution, then, was to t, m be invested with authority over ttie revenues of ? tlie country, and over the credit of the government, h whoaaobject was profes-edly to give a good currea ? cy, to r?iful\if exchange, and restore confidence to '< the busines* of ;lie country ; and h would put the *' question wheiher they were prepired under any " circumstances u vest such a pow er in any agent ,, wh oev-r But further, it was a govurnnient bank, i"' wse its whole management was in n< tne governni'-nt, tor th% appointing power was ii in the President of the United Suites the c power to appo nt the Bosrd w*,,ch had the regulu- ? tion ol all the premiums on fxcliahg,. an(j on j;.p ? s'les, nnd it was removable st hin pleasure or a: u least part ot the Board?find th?retore if ?t,rre " any sens- in term?, it was a union of the pur*,. Bntj P the swmd, of which so much bad been said. o,,,t r. , ???. ..... - r ... i- oT'Je"4 " > lirr y-..|MV -11( 0 *H 1) in ?i utio-i woti'd vat the ^ovi-rnnicnt with a power ?i of patronage v* hich must necessarily be dan^' rou->, ' ind u nuill *:vi' a discretion on its di tributioif, of 1 its advantages, which would inevitably bebe-t v *d " on the political friends of the government. Tli -e (V, w> r- evils against which the President hinH"ll had ,, guarded them in his early messages. I!ot further, p, this was not on.y a Bank and a (?nvernnient B?uk, but what was still more peculiar, it was a Bank tf embarked in business without a dol'ar of real capi- ?' ta!. D-posites were no part of the capital <f a h Bank, and here there was no capiial but the reve. nues of the country?and the revenues of the ',j country when there were exicting liabilities <f c SS'OO.CKX) alreadv, and when there would be a defi. n cieucy of $11,(100,000 nt the end of the yeir, t unless they made some provision in anticipation, ' A ("1 >v. rniiient Wank, then, with >ut capita ' lie t' wondered what they would say if a State were to " merrp; rate a Bank on th* principles of th.s li!l ' But this bank or institu'ien was regulable t tin- ^ pleasure of Congre ?. He would not then s' v to , comment en the ?fl*-ot o( sucn an iuet.tut > . v. ten ilict tartened or UM COUO.ry, of V? -that' Vb" i?* imiiiortiien.s with a.President who might be tfkinti political power, to reluseto sanction it? re- ' "nl; but he would ca'l attention to anotbor ' oint. He agreed (hat it ought :ol>e repeals! le, I ut rhat WHH that plan recommended for,as an ? > >< ntial , nd beneficial element 1 Tlie report s.iid it was to i met public apprehension, and that n* soon n* th'*y i ot it the people would accommodate iheni-t Ive.* 10 < Ite policy of the Government. Wiijr, what did tiey think of the llauk of the I'mted States ! One ' f its advantages was, that it was to be eh irtetd ' ar twenty years, that the people might nc 'om- ( lodate themselves to its policy ; but heie , fiteal agency was proposed, which to enable huincas people to settle down calmly, was to lie re- i *alable at nay time! But did they suppose (bat I ie people of the United States were prepared to t tile down square with such a law ! But this bill t ras objectionable became it umulgutna'es all the ' ublic and private rtsources of the government; 1 esides it would be unable to accomplish the t F-gulation of the currency with its limited ? teans; nor could it "enable the government i ebtors to pay the government duts," for the i imitation in which the government dues wera I a be paid, must have ?een obtained by its { quivalent, or perhaps it might bejobjected that it 1 rested one currency for the people aud am titer lot | lie government. And there were its piobuble hsets on the revenue. The government would be es|onsible for the mi.-talies of ageuis, the insolency of its bill drawers, lor lose by embezzlement, efdlcation, and forgeries, false coin and counterrit paper; and did they suppose tVat in an peration of eight or ten years, the amount would e small ? And could they go to the people nd tell them that tliey had given the power into he hands of any agency whatever io subject the*in nsuch responsibilities? It was evil in ustendeny too in view of its political connexion, and would nevitably lead to corruption; and as it stood, lie bought it was a measure to which no American ienatsr could give his assent, lor lie thought it inelved power exceedingly dangerous?a power vhich, if abused, would lend to break down the ibertiee, and freedom, and independence of lite ountry?he thought in the present stats oi the imes, the revenue and the business, that it would rove to be inefficient in ita operation, and with heee views, he should give it his opposition. Mr. Bates rose to address the Senate, but at the equest of several Senators, he gave way for a notion to adjourn. House of IleprescntatlTes. Monbat, Jaa. 3. Mil. Russell, successor to Mr. Black, deceased, was ualifted and took hit seat. Ils.vcnth Day's Dkiiatk on the T?risr?Tuiimimi or ths Protectionists. Mr. W. Cost Johnson resumed the debate, and said he vould vote for the reference i f this subject to the Committee of Ways and Mean, because he considered thut lie appropriate committee, whether the subject matter o be referred, or the exigencies of the country, were aken into consideration. He would not go into a genual discussion of the various topics introduced into the ebate while the question had been pending, hut bin ily nbmit his reasons for the vote he wa* about to give. Had ii- gained the floor some days since when he had made an doit to Jo ?o, he would have occujUd Hi" sUtatloi of he House but a few minuti-s, for ho saw then that false isties were being made, having no relevancy to the uestion before tliem. He would vote for the ri feretice othe Committee on Ways and Means, for reasons which lad been given by other gentlemen who had preceded lim in thedebite, and if they had assigned some other easoni which he intended to bring to their notice, he i vould not have felt called upon to :?y a wm l. le ascertained by the report of the Secretary of he Treasury, that the deficiency in the revenue vould reach iourteen millions of dollars, hut he verily elieved that it would not only reach fourteen mil ions hot twenty millions. Thin on the ground of avenue alone?and I here was no member here, either 1 lomthn extp me Nortnorthe extreme South, who was ipposed to a tariff lor revt a ie | he tariff would havcto be aised so high as would give, incidentally, abundant pro ection to manufactures. The genius ol our institutions vas opposed to direct taxes or excises, and hence the i tower delegated to the General Government to levy tax- ' is on imposts aid to borrow money in cas s of necessity, hnd in every instance in which the Government has men compelled to resort to excisrs, it has met with the varmcst opposition, and in one case even to rebellion [gainst its authority Looking at the genius of our iiuti- I utions, and the tone and temper of our people,who uwro lwayi opposed to direct taxation, there was little to ap- | trehend that any etfort would be made to raise the means >f defraying the expenses of the Oovi rnmeut iu that node. The e v.igenciea of the Government would, in hi.; 'pinion, as he had before stated,compel them to inert ai-e hetariif to such a height as would ntford ample protection, incidentally, to their domestic manufacturs *. line word to those who, iu the debate, hud referred to the Distribution law of the last session as nu unwise and inconliderate measure of legislation. It was never contemplated by theframers of this Government that 'he proceeds of the aalasot the public lands were to form a por. ion of the p-rmanent revenue of the General Governneut. This was first suggested by Alexander Hamil on, when in his able repotl, he recommendedtb< findng and assumption of the debts of the Stuti a by the Goleral Oovernmenf.and propose,! to place the proceeds of ho public lands in the national coif ,rs. Then if there was any party if the present day, who wiah< d to make heae proreeds u part ofthe tV.W-ral revenue, th>-y should ollow out the proposition of Hamilton ri-lati ve to thi-3tat? le'<Ui,and until tin y were prepared to de tb-*. '-n.-.! olu-iii coining moreirom mem on the subject. Now, 'Specially in the embarrassed condition ot the States, h y should huvo the use of all the funds w hich properly Jelonred to th'-ra 11a would vote for the rrf nucsto tie Ways aud Means, because, from that committee ismed all tin various appropriation bills ?for the rmy, he navy, for fortifications, tor civ;l an 1 diploma'ic c\rentes. These appropriations would have to bo ir.ct >y tho means ptovided by the revenue bill, and they vould be graduated accordingly. If the reference vi a* a ide to the Committee on Manufactures, that commit eo would only take into consideration its peculiar inter>st, and the bill th y would report m'ght not j roduce avenue sufficient for the purposes of the govn umrnt, >r they might deem it their policy to impose such oati s is would proline entinly too much revenue. He bought therefore, the Committee on Way a an! Mean* ess the proper reference, as iu that body, u c lm. urp-nudiced, philosophical, and und rataii ling view if the vhole subject of revenue and expen- ituii-s would be iad. He waa anxious that this subject should bo acted m at an satly day. Ho was at fir-t disposed to give the iriority in importance to the financial question, but this le now thought was equally important, us by it they could have to graduate all their appropriations. It But ic.ient revenue were not provided, he would le very uutious how he voted appropriations for the army, the iavy, or lortifi- lions. i ner? was Baotherrea on why ioshould rote forth* r f>r ncetothocommitteeonWays nil MtWii. Though lu< wished to s. e Manufactures iourith, he was not willing to make all tho oilier interstsnf the country subservient to it. There was nuothr interest entitled to still greater weight .on tint lloor -the groat consuming interest, comprising four lifibs of he population of this country. The great a {licul'ural i.crust had claims of paramount impo- tance. ? as it their vity to legislate for particular interests, rather than toe eni ral goO'l of the whole community. By piecing tho ul ject in charge of the C 'tntni'tec on Msiiufacturn.it roulJ invite t<> a recurrence of ihe system which pio. uccd the tarrifl'acts of 1*11. ln:4 and law, and, finally, I lie compromise act ot 1 s:j-j The honorable mi mh> r i rom Massachusetts, [Mr. Adams,J w ho w as then Pr ?i- < cut of tha United States, through his sect ea of the I onntry embraced mort ol the m .uufarturing interest, ] sas himself opposed to the high tarnll of Ills, and only igne.i the bill because Coi.gross It.iJ p ss- d tt.an I h< wu's 1 nwilling to interrupt the comae of 1< gndation on a uestion of mere expediency. (Some members < xp.e<s- i ig .urpri?e at this r, m irk, he procee led.] He had ol en ] 1 rani the honorable member from Ma?tachnsottB make i 1 lis dnlaration, and frequently on that door. By legis- ' ting for the wants of tlin Tr?asury, and the gen. ral in | rev? of the country, they would run agalr.st no p. cu , nr iu'uiest. By legislating for one in'.ci si they would . 1 xcite hostility in tho rvst. Uy takiag into yottrespo- ' , ul care,;for iu-tancc, the inter, st of comm-rce, they i ould excite towards it the hostility ot the m inufactur I t ig and agricultural interests, and so of enh.r ol" tlin ' i tlicrs?tins war btwien tho extreme N u'h ar.d the I t xtrome South was carried entirely too far?this w ar be * ern the cotton gins of the South and cotton jiuoey s of ' . so North?while th? y wero both snstniaed by thchr w | ' y shoulders ol the middle intereit. H was for eu-isiu |i .g this Interest, which, by b ing sustained, w ould ho ; bio to sustain the others, by widening the bn is ?f con > i umption, and tho appropriate and ? mci.nt war ol *n>li mg it was by COuntei railing duties. England, whir h ' i ras the greatest manufacturing country in the arid. It Imost totally excluded, by her piobibitit.g tariffs, the I redacts of our groat agi icultural interest. The .m >unt [ revenue she derived Horn imposts on foreign iui, orison* was about twenty t wo million* of pounds sterling, 'hile her taritf for protection produced not more tt.un ' alfis million, showing that the duties for protection 1 ore nearly prohibitory. The duty oa wheat amount. I 1 , i a total prohibition, except when the country was in a ^ .,nt- mi mnaiiull unu r. im iiiuii. ne pn irlit time, ] t>ovo all others, **> the best to ronnvract the prohibi?ry policy of England, by countervailing duties ; nod if le ai(i ieultural Intel est rf thie country was only tnii! , I ittelf, be would venture to st-ike anything but hii trrnal welfare that tl.e pri mi. r of t?- nt Britain weuld, | i the couraa oftwo yi at*, rccon.m uid the repeal of the crn laws, or it he did not, his sucrers rs would ; be i ruse no ministry could sustaia themselves against tho ! feets product d by retaliatory duties hy this country on ritiih manufactures. Unless this Cungrin w?nll ' j lopt a system of countervailing duties wbiuls would -otcct aur grain gro" ing intuest.thi tobacco planter, le bet f and pi k p od <c< tyi? w otild n- t e- vot for ; nv j :venue billtliat might be -submitted to bint The in pu i'Iou ofilr.-at Birain was about twenty-five millions, id it wai et'.ima'od tli?* i trli oa aa average consumed is hundred pounds of Seel aanualli , sou that tue corn vs enhanced the valao trao p aru per pound T.iero ?s an awgnu ntation In price of the a. hole quantit- oau lined of tw?nty millions pounds sterling. It w.s nlso calated by one of the estimatei that the enhnnc-4 rice of the wheat eon >uased was enhanced hy the corn iws to sixty tire millions of pounds sterling |x r oniium hut another estimate made it ninety millions. Tak ng laiast 1-siimVi of niaaty mlltiona, and tweriti millions , i the enhance! p-lfle ofbesl.it would amount to one 6 Uhdred and ten millions, w hile all the revenue, direct r d indirect, only nmunnts to about fifty millions, th'a | tr.ni trating tint they ten have to pay, on account of ia coin laws,moie tlisii twice the amount of revenue t illertf d to su. nort their i V| nsi- e system af govern f enl. No wonder the people ol l.lglsnd wer- discon nted and boidei iar on rehelli.in, while such i rui.di- 1

on of things was varra-ttedto exist. This Congress ha i J is powrr to ri p"althi! corn laws mora d'actut.ly than ie Ministry of KngUtid ihems- lwea. If the gr Ht e,<n 'unag iuteres's were true to themselves, thn ci r.i low s 2 ould no: atand eg unit our legislation, and the Ministry , ould camp -lied to go for trair rep? si within >i year, beth*msolvcsorei.hrown. The ays am of couuteriitiii ( dulls? w a* no novol'y In our legieUMon. It w as li " - ''} ' )I t . , - 1 g i , a , is mi l n pursuance i>f th. t r> commendation.an<t u > n>cti*r w > it passed than Or.-at Biitam gave nonei- that the ngidi , iv of ber commercial regulations aoull In- relaaed j rhey now need onlv to act properly, an t (treat Britait would have te yield her policy, or the MinUtry ;?t ere i.ut in power would be hurled from their aeati. If tl> > rought their policy to bear ou the mauuf ictnrii g iote. -eat of Ore at Brit.in.it could not atand up ag?ins- it ?n.t I )ur agricultural interest, if true to itself, woul4 < \.-ri t ts potential influence in thia emergency. The ge.utla- t nan from Massachusetts (Mr Winthrop) in hia remark* ^ i few days since. aaid that N w England was op|io?ed to he tariir acta of 1810, 'ill, VJ8 and 'S3 Why, thin [ ihoulJthey force another protective tariir an New Ku ^ {land, to ho ag..in repudiated by her representatives ? I Mr. WnTimor thought the gentleman from Marvland was puthing the inference too tar. from the rerna ks he iad mi.de. A member from South CeroliBa had rai l that bese tarilli were patted ill complinnco with the intpot unitieaofNew England, end he had remarked in reply, hat they were corned in apposition to the votea of the 'erreaen'a'ivea of New England. Mr. Johnson.?Well there was not much dillerence be 4( ween opposing a measure and repudiating it He would ay then to the agricultural intcreat, the rice growing merest, the cotton planting intereit. the angar growing u ider< at, the tobacco planting interval, the grain grow v ng interest, the manufacturing intereit?to legislate for hem all, to legislate for the interests of the nation lie I tad seen Pittsburg, her iron hills and her banks of coal. v tocircled in her curtain of cloud, which liung over her n its tonthre grandeur ; ho had witnessed the lurid lashes ol her furnaces, where it seemed as if Vulcan u were forging armor for the gods, or thunderbolts lor r love. Hit had iieeu the broad field* of !* nn?ylvanin I rlothcd with their golden harvests, and studded with ui- | a (antic barn* nnd granaries, and peopled with a hardy,in- q elligent, and industrious yeomanry. Ho waa willing J( hat these intercut* should be protected by countervoilng lutlr* on the iron, the coal, and the manufactures of y 3reat Britain, who refused to receive their piodtice. He . and ?een New Kngland?her Merrimac, llowing like " Pactolui, tho falded river of the ancient* overgolden k and* her manufactories, turning out their hrigh', and jot grout, an I hi a itiful fabric*, rivalling in lenity the garniture that *pi ing throw* over tho face of nature ; he II liad set n her wnollen manufactories ; her cotton mjnu j" Factories ; and her manufactorie* of wooden nutmeg*. {Roar* of laughter.] Ha hail *ern there all, and none re- c joiced at their flourishing condition more than he did ; p and no course of policy wa? better calculated to continue and increase that prosperity than by countervailing 11 dutie* uad thus insisting the prodncei* of rice, cotton and brcadatutra to consume more of our domestic manu j facture*. By giving higher value to thrie staples it i would also increase the i.ilea of the p- blic land*, the pro 1 duct of which would go into the coder* of the Stales. ( and aid in relieving them from their present embarrass | menu. Throw open the niurket* of Great llritain to ' the production of the middle and western State*, and the balance of trade would soon b t in our favor, and w ould enable ua to p j o(T some of our 9'ate and 001 po L ration debt*. An effort had been made, which lie hoped ' would he a futilo one, of givin r thi* question a party t n>p ct, uii.l he was lorry that it came fir-t from one of i hi* own political party. The gentleman from the Pi't* | hurg district [Mr. W. w. Irwin] he belie vud w as the first who had endeavored to give it a party character, an 1 | though he w?? willing that the gentleman should moke ( a* much political capital in his own district as he could out of thu t|tie*tion, he objected to hit exporting it be 1 yond his nw n district He did not with to be compelled 1 to take hi* raw material or his m lunfucturud article, t He was opposed altogether to making this i party ques. j tion for the sake of the interest intended to he bem fitted i by it. Suppose it was made a party question, and the . party now the majority in that Congress, should be in 1 the minority the next, what could they expect hut that . the law would be repealed. The tariff of ItGS railed such a stoim throughout the cauntry that the builders 1 of it abandoned it and ran away for fear the ruins would fall upon their head*. All would admit that the < party now In the majority held their power t bv ? vrry precarious tenure. There was a good deal ] of controversy whether the whigs were beaten or not < in the recent elections; for his part, he thought it belter H to 1*1 hon e ;t, ami acknowledge that they were hi it. WS produced this defeat wen another qui st on? ; wh?/ier i' w?' Capt. Tyler. C 'pt. Clay? ' Mr Ci. rroi d -Or Gs?n- Ap >thy. (Mm k laughter.) Mr Jonasois?Or Gen Ao-dliy, he could pot tiy. II thou h it u t' peroral apathy: When he went hometo Man land. h?-fo nMh.iwkigi rg sjirlt'ei? ?n t ns fligid a* a barrel of lriz<-n hard cider. He tr ed hit best to wannthem up, but Prometheus himarlf conld net havr | vivilled the inert muss Krom the rivalry ofthe master l.urits ofthe ) ar y, th? whigs had realized ellthedisus ters of a Phar> all?. The rontests in their own rank5. 1 and the remit reminded hleiof n painting he had seen in ( his youth, whirh had ireprinted it?elf on his memory with n vividi. ess which i r.e could not efface. Thcscene ] was laid in Stain, in tlin era when the Moor and the Spaniard cont< n led for niastnry. They met in a rugged and narrow path, with the over hanging rocky cliif on one hand. and n precipitous and unfathomable gulf on t >e otln r Each distrusted the other, and would not give the upper side in passing, for fear his adversary would elbow him into 'he abyss. They closed and clenched,and e ch in his efforts to destroy his adversary seemed fcirgit . 1 of his own danger, until loth were about being hurled over the precipice, one of them giaspedat the bough of a tree growing out of the overhanging siiff" on which was unripe fruit. The branch yielded, and was connected only h> an attenu .t- d shred, ami thus with flashing eyes, that seemed to glsre with satisfaction that he had his enemy in the same desperate situation ?t l.iav-ejf, and halfway precipitated over the yawning pre cipiee, the painter left them?and there I leave them. With our institutions, it is impolitic for any nun to assume to himself power an-! position. Human nature was only to he governed in two ways: persuasion and the bayonet, and he who attempts to use the latter, must be sure ho has the weapon, ami th? power to use it with effect. No man in this government is | an ii dispensable man. This ruuutry has never u itness-ajne-t!.e lani": ~ of the r-'.-y ims at Plymouth, but 1 one indispensable man,and that was wnvnirrgien. JTr. Jons C. funis obtaine 1 the floor, and said ho did netjinti ml to debate thf? que sf ion. as it had heon already ab'fNdantlv debated. He would therefore move the previoi s questicn. Mr. Clifford Slid, osthis was an important question, he w oubl move a call of the House, which was according ordered. The doors were then closed, an 1 the roll of the members called until 198 answered to iheir names. Killther proceedings in the call were then dispensed w i'h, ami the dooi s opened. Mr. Williams,of Noith Carolina, asked aa a favor cf the gentleman from New Voik to withdraw the prsv:or s question lor a moment, to enable him to say but a word in < *pl ination of bi t vote. >ir. i i ahk, naving nccim,: 10 tne request. Mr WiiLiAMiiaiJ this w..s nv rely a question of ro ferenco, and In hi? opinion, the question of high or low duties w a? not involved in it. It would be just os posy to vote against a high duty, if it u. :ia reported from the ' ommittee on Manufactures, os if it w. i reported from Committee af Ways ami Means. He would vote for the reference to the Committee on Manutactiiri *, ns he thought the subject matter more intimately connected w I'll the duties of that committee. The previous question w i<s then ordered??yes 101 ; 1 noes 9", The question was then taken en Mr. Fillmosk'j resolution, which, a? modified, was in thefollnwing words: Iti solved. That so much of the President's Message as relates to discriminating duties and domestic manufartun a, he referred to theCominittre on Manufactures, and it was agreed to. Com Si rvkt. The SrrsKrH submitted a communication from the Se en-tary of the Treasury, transmitting the tejoitolK. 1 It Hasaler.Snperiutendentcf the Coast Survey. i M . Adsm? said hlscolleagm* (Mr. Cuahing) had, when i L. la,i . port on this ill) ' ' had In , n pr? seated, ex- I pressed .hi intention af end, avoring to arrest the further , progress of this survey. H" heped this report would he -fsuch a character as to chat ge that intention, lie in ved that the usual number of additional copies lie printed. Mr. t'risiso sai l his c.nlleasue h'd hern entirely mistaken iu attributing to him an intention ofarresting this wark. His objvet was toehangnthe mode ofcomlucting it, so ?i to stimulate?to accelerate its jirogri ss? that iharc in'ght he some definite prospect of its completion, and rot to retard it. Ho hoped the extra copies would not Imj ordered until the report could be examined. Mr. Catk J mason moved to adjourn. Mr. Asimi sniil ho was going to say when be w s up Oeforo, that the committer on t h<- most important subject ' sow before the coun'ry?be meant the currency?could | lot meet, because the sut j ct had :.ot yet Li en r ferred . Othcm. He hoped the House would spare th ' few mi lutes necessary to dispose of the remaining su'Jects in J h? President's mc?sr go to the appropriate committees. The Spr.AKta said there was a motion for a 'j lun.ment a ng t Mr Cats Johssov sflid he would withdraw it far the j "ffer< nces, hut not for the printing oft ho ext a copies. So much thereof ss relates to the |1 in of Imancc, was I i ferr, I to the select committee on that-ill j cl. ( The remaining suh.iei ts embraced in the President's n were then re fern d to the appro; ri i'e commit- 1 :eee. s The House then adjourned. t Treasury Notes. , TmiiL'iir I)i VASTMrtT, January, 1S4I. Amount of Treasury Notes issued under the provi- 1 Mens of the acts of Congress of 1S37, IMA. 1839. and i 1944? $39.691.337 5.1 , Itedeom d amount, .... 43 mi 973 H8 ' Leaving nutitanJing, * $1.319943 95 I Amount iaaiial un lor ?c' of February I6'li, 1941, vi? : I Prior to the 4th of March, < 1941. .... $??*90| 11 iinro the 4th o< March, 14441, ?6i4?7'.3^ 1 Making. $4 444 399 70 lotnrnp 1 iothe Treamry of that amount, * 777.147 03 . $6,531 fit* 93 .oaring tho aggregate o'lMtandingon tha lit iailant, $9 910 793 10 > W. FORWARD, Stec'ry Troaiury. I Raltlmorr. ICorirapoodecca of the Herald 1 Baltimorr, Jan. 4, 18.12 - 9 A. M. '(| lit Editor ? \ <>?r Sheriff has not yet gotten through with hf 1 lifficulty. Hp has repaired to Annapolis for the ^ rurpoee of obtaining an extension of the rim'* ?!- |. owed hint to procirr bonds- Tim Courts rinnot r ran*RCt bttsinese. They have met nn.i adjourned ir-evnal mornings, intl wili continue to do so, intil the difficulty is arranged. It ih thought that ( dr Ball will be unublc to obta n tha wnnttd sore- p u s. In this ease ha will hp succeeded by Mr Nicholas Tracy, who wen returned at the 'u elec- fj ion, as having :h* nexthi^hr t numb r ol vo - a ,, Tee er tl reo fiilur> 1 t tivk plat . ' , np 1 own. Fhev wcrcll.uini tcimnte, bat J-Jit ?t ihe 11 .in*, Ithink it iujwtiet?.ti4 to men'r , s 1 r II h Excellency, Kran'-i* Thomas, was >e- r naunurated < inventor ?>l the Siate ol Maryland ? Ie delivered himself of an appropriate tiildf-s f" he occasion .Nothing further cf lulereat war tram cted in either of the houses There id nothing particularly wonderful to nnt? n our city to dsy. Flour continues ut last ?|t?otfi ions. Wheat ih also at a stand, and price* ?r. lonunal. Business is tolerably brn-k. Padrone >rders are getting worse Tbe weather is for anc leasitni The Independent IJIues have a granc ia!I this evening I will he presmt, and give yoi ouie account of it. Yours, Twist PhllndelpUla. [Corr<fi> >uii<-uce ol die Herald J Philadelphia, Jan. 4, 1HI1 The chief topics of conversation here to day are, 1 What will the Governor say I What will be the esult of yesterday's I'nited States Hank meeting, n the Resets of that institution I How much lowei rill the repudiators' meeting carry State stocks V 'nese are all exciting topics, being eacli in some ray or other conuected with some strong interest. The message is so near here that I think it will kr seless to speculate on ihat; and as 1 have not mucl lith in the sonrce, so have I but little confidence ii ny of the conclusions that may be arrived at in it 'lie administration of Pennsylvania has been i ' blow hot and cold" sort of affair for the past severs ears. The chair of State has not once been fillet y a really great man within twenty years, to inj nowledge. There will probably be some eniptj tords about the resumption, in the coming d?cu nent.and no little bombatt on the subject ot "Smh iitli," which is almost hourly violated, in hearing f the Governor, to the laborer, that Mr. Biddle'i irinciple, of " our first duty being to foreigners,' nav be observed. The result of yesterday's meeting, in the Bank hough not in favor of the Bidrtle ticket for Directort is believed will have rather a conservative in Inence on the afi'dirs and management <1 the ine'i ution. This, however, will alone be determine* >y lime. The detailed report, which was subniiitei ind adopted, will be published in book torui, am vill be very voluminious at that, though I much re ;ret ta state now that I fear we shall not yet be abb o reach the enormities there concealed, us tin vltole has] been submitted to a committee for pruu ng. 80 that the most that cau he looked or hoptt or is fraud and corruption whitewashed. The repudiation meeting, or some other influence ia-', within as many days, carried State stocks dowi ?5 per share ; and if, in the same time to come, thej io not experience as equally great a decline, yoi nay set me down us no prophet. The great cerm-n hat bound the community together was first disai rated by the countenance thai was lent to ihetBdnks a their violation ?f every moral obligation, by sus tending the payment of their promises. The transactions in stocks to-day were light, at 1 "urther tailing off in prices. All of them seem to In a rapid chase to reach the bottom of the gamut. Mr. Crttienden, the Attorney General of the Stat >1 Kentucky, I believe, at any rate, the counsel to bat State, is here, relative the adjustment of th Levis frauds. That State, it is said, holds sum $175,000 of the spurious issue. The Bank of North America has passed its div lend, in const qitenee its stock was offered at #2 ess than yesterday. Philadelphia. I Correspondence of the Herald. I Philadelphia, Jan 8,1342. JKA* DCWWETT? 1 have something more to tell you about the U. S llauk. It is that an election was held to-day (V iwenty Directors of that fallen monarch, who wil perhaps, soon he able to tell its unfortunate subject that all that is left of it is in the memory of the pet pie, to whom they will have to look lor dividends t consolation. They will then kuow that if they ha noticed your warnings, so oft repeated, they woul have escaped the ruin that has fallen upon them. Ri I must now introduce these gentlemen nurses of th rotten carcass. They are? 1 Jnmn Robrrtian, Gent. J1 Samuel R Wood. Morel Jjobn Hrmjihflt, March. 1J John Struthcrs, Mason. 3 Oliver Fuller, " 13 Win. E. Warner. 4 Hubert 7'n/t 'v, '* 14 T. Tuslin, Sup. CoL R I a l.iwience L> w.'t, Gent. Ift Francis Jordan. Mmch. 6 Calvin Blythe, Lawyer. Iti Win. Jordan, Grocer. 7 Peter Wager,Liquor Deal. 17 8. D Ingham,nl Ducks. 5 Davis 1) Stacy, Merch. ID Ellis Lewis,nl Lvromin 9 Henry Tolland, (lent. 19 Jona. Roberto,of Montg'; 10 John R. Vogdes, Lawyer. 20 Win Ayrea, of Danphiii It is said that ten of these are Democrats, and th rest Vultures or Whigs. I have italicised the ol members* names. Lippincott, Juudon <te Co. hav now iiuililtlg io no u> >u quiet tne iuic uiUmui: which may be done in the usual way, and then w will hear these sing? I'ai de l'argcnt, l'aide l'argcut. Of Suits un.l Juries I'll have none. I heard that the Mr. Warner is the same inrlivir ual w ho is commonly known as " Pink Eye," nn who was famous for his services in the " Ruck Sh< War," ut Harrislntrg, in the winter of '38 and ':J But I am not able to vouch for this. Calvin Rlyth whs the late, and Jonathan Roberts is the prese* Col < ctor ol the port. Of Wager and Badger littl K.iifl lh? ir rn?in#*ftinn u-iih th.. ^oIhioIIm Hank, and particularly with the Levis aflair, ; conclusively what they would not object to if the can have the management of the little that m.t ct in * into the hands of the Board. Many of your readers were not a little surprise after nulling the report of the "repudiation meet itiit," held in this city, which was published in you r iper to-day It was in fact a miserable affair, no more than thirty five votes were given upon Ihei ree luiions, which, by the way, were hatched by i p ttly of Tom l'aioe's followers, nv it whoop.-nly de pounce the Ghristain religion, and others, who ar< prec ly what the yforldcalis Atheists. Aprttt kettleoffish, truly. The resolutions wer- da-cu. --i at-a niecting previously held, and were justly repudi ated ; but the person who offered them determinei to have tlieiu parsed in some way, and hit upon th plan < ! organ iz ng another meeting immediatel; niter that adjourned, lie was so far successful as t< cause u number of persons of different caste -, to voti upon them, many of those thinking they were mere y promoting a division in the detnocraiic ranks, will not envy them their feelings or principles. Albany. |(,'or!T?|'OOdrncr ef the Herald. | Ai.di.nv, January 2d , IHtft. Fames Gordon Bennett, Esq.? Dear Sir,? This Godly city is rapidly filling up with Senate!j Assembly men, lobby-members, and office-seekers rhe latter bear to the offices about the proportion o en to one, and the way they pall and haul on mnotable Legislators, is a caution to ail " wonl< >e," law-makers. For the office of Clerk to th' -mate, there ure seven candidates, anion" when lie mo?t prominent are Seger, formerly a Senato ind Clerk of the Assembly; Ellwood, from Roches er; Fandford, from New-York, who was defeate< >y Bishop Hughes; and Gafl'ney, of Albany. Ui he score of nervicts rendered, the latter is c learly en itl'd to it, for lie has for years been one of th iblest and most indefatigable of the Democrat! irators; but the party does not always omside hetnselves bound t? reward a faithful servant. (): he contrary, it is frequently the case that a z -rIouictive man, is thrust aside; and a feeble, irt< fficieit tarty hack put in bis place. Thus, in the eecon< Senatorial District,last fall,the two active candidal! who had been always true and alwnj s I ho ing.wer ejected, and an old drone, who never did any thin or the party?who is too lazy to do more than fi "aye,"and " no," wa? put in nomination and nm is a Senator of this S'ate. without the trouble o iskingforit. Mr Gurtney. therefore, sta . lea v> t ioi,r chance Seger is in a more favorablepot.it on ip is one of the* old-school?he wn? s-nu! in ill talmy days of ihe " old regency," and ha tint parn s about lo fie reinstated, it need not surpr re you ' *?p< r if C r- o! the Senate. t;hatfiehj, George If Davis,and f.'harlri Inmphreya, are the candidates for fSpenk< r-.lnp :|iathi-ld is supposed to stand the b at chance, ns In 'oted for the extension of tlie charter T ihe .Vortli tiver Bank,and will rrrrive the votes of r " . u;li rn tier," because hn brother, A. G. Oha'tidd, i., mders'ood to h.ivr been converted to or by t .Y w i oik and Frie Kailroad, and is to wl : in h t in his report, and recommend its construe ion by heState Dtvihissnold-fashioned Federals ,which trengthens hitn with many of ihe I'*inoi r. ; he las also a little influence with the Cro hoi if Hank politicians, and may v< rv likely m \ the ecret support of tne Albany cl 'j te. Il imp irev i? lecrdedlv* the best man of the three; that i . tins nore stability, more princip'e, and mor v Inn both of th" other-, and f >r tint reas in I piorect if p i.ircst. Morris Fr, nldin, one of y<.ur is <' n ess H;r!l with hia lady,and looks prim and m eg, usual l/e says he congratulates h.u * t pi ]rl,i the minority, ns he is not troubled bv th i Ifice * uart Viiriaa hi-not art?*<d McMnrr y aed mi h vi ,?erv ^ k, .i en! j if CoBgrius H > - u Sn A Lr', of Kin<> I taw Crotwell thi? mown.', " winding h1* way" - among the* member*?whisperin" to ore, talknv ^ r confiden'al'y to another, and laying his imperial ^ c minium's < no i a tin <1 11 * i to be stale printer ' in pWe ' f Tliurl ?w We-d?not tic jure, bui dr ftcto, ' that is, Van Dyke is to be ,'ppoimed, but Croswel! isto share th* henefi'" The " old regency" will find, however, that it ia I not altogether plain nailing There ia a strong I Deling of jealousy and hostility growing up in the I distant counties, and a determination on the part ot i the y ounger members of the party to throw ufi that incuSus, at all hazard. A d I now predict, that it the regency cHrry this point, at thin session, nex' tall will see an en'ire breaking up ot the present democratic party, and a terrible and total annihilation of the Conservative Buik Regency. J' lit/ just Hit Jiuul cot I urn will be .he motto of the " hone and sinew," and Cod speed them, say I ' Video. . Fh'.m Flohipa.? Wc have received later advicea to-day. They contain a more detailed account of the murder of Mr. Hartley's wife and child by Indian*, a statement of which we published a few day* ago. It appear* that Mr Hartley himself escaped, being absent on a hunting expedition. Hi* wife and child Domingo Acosta.and \Yru. Melpus, were killed, and hi* ho.-ise and outbuildings burnt. ' The Indian* are atill believed to be north of the J 1 PicoUta road, a* no sign* have been discovered of I their re-crossing. * t W e learn by a gentleman direct from Tamps,that I there were three hundred and twenty Indians at that post, who have surrendered, and among theui | 1 one hundred warriors. Those captured by Captain f Wade are not included. ' Monr. Maii. Kobbkrs?Further development* have recently been made relative to Dr. Braddee'a m ill robbing organization in Pa., which have resulted in six additional urrevts. The Doctor is now J in the Pennsylvan i Stute Prison. i * . ' Navii. News.?The U. S. sh p* Potomac, Cupt. Siortr; Marian, Commander Bel:; Concord, Com. B lerinn: and Decator, Com. Og-Jen, were at Rio | de Janeiro ou ih 21th of November last. M'Lecd ?It in denied by the Cana?liau pa pern ^ I that thin p.-r*o:i ih con lined in prieon tor debt I I ' Another Factory Burned?The Pocassett cot ton factory, ui Fall River, wa? burned last .Saturday. I Mortality in Bos ro.n.?There were thirty-four 1 j death* in Boeton last week. ' Female Foroer ?They have got hold cf a lady in New Orleans, for forgery?four or five charges I are made against her. She is the name who, about a year since, forged the name of the ltev. J N. , M illit, and lias ?ome half dozen aliases. 1 Singular Fiar.? Last Sunday evening, a fire war " observed, apparently just kindling, ul the end ol De Yen's whurt, in Charlestown, Mass about thirty feet " in the air ! It was blazing, and sparks were tailing fast from it. It was found to be in the rigging sf a 1 ballast sloop, lying outside of a ship. A large woodu en block was nearly consumed. _j c Cur in Two.?The town of Charlestown, Mass., r is to be divided, and one part added to West Game bridge. Impohtant Decision in the Court or Em* J j. rohs.?In the Lispenard will case, involving nearly I 5 half a million of dollars, the Court have reversed the I decision of the Chancellor, which was against the validity of the will. Opinions were delivered by / the President, Hnd Senators U. A. Livingston. Verplanck, Dickinson, Nicholas, Scott, Hull, Hunter and Root. M. C. fuom Pennsylvania.?The Governor has issued his pruclama1 ion, announcing the election to - Congie-.s of the Hon. James M. Russell, in tha ? >r Somerset district, Pa. '* QQ- "Thompson's Bass Note Reporter" will bs sued on Saturday morning?it having been unavoid> ablv delayed. J. THOMPSON, 62 Wall St. if " j Q[y- Bowenr AMriiiTio t riu:.?A tremendous crowd assembled again lust night to witness tho s; lendid and d uneqnailed riding of that prince of equestrians, T. V. ,t Tinner, and the other performances of the lsrge company engaged here. The ssme entertainments are rse pea ted to night, concluding with the laughable afterpiece of Dame Trot, which has been iffectlvely got ap t here. ClJ- Chatham Theatre.?J. R. Scott appears to night I. n( O Donohue,in the gorgeous diainaof Binui U-iroihma, and a belter representative o( that celebrated Irish Chieftain could not tie found. The piece is revived with all Unoriginal scenic effects and strength of caet. The grand g equestrian spectacle of Mazeppa is repeated for the thild f. time, in which the won Ivrful (light of the horse, to the extreme height ofthetheatre, created wonder in the eye* ,, of every beholder. This drama, we unhesitatingly ?ar, has never been better performed in thia country. We 'I understand th" manager intends to bring out, in a style of much magnificence,the spectacle of the Nauid Queen, for which purpose reilher pains nor e\|ienso will be ip?irt (i in rrnarrn a* cift^n??, ne^pnilM rrmwry, <Hr<*?t6+ e and beautiful women can make it. Boitois. 46th Dec., 1941. Micssns IVsse & 9oi*.?Gentlemen I have only a mo, ment to inlorm on that the Columbia steomer has altered her day of sailing from the 4th to the 1st, us I advised (1 you in my last letter,consequently it w ill be necessary d for y on to embark the twelve cast h of Candy I ordered of ) you lor the Liverpool agent, immediately on receipt of r this, uud lorw nrd theni by II li nden's Kxpress, in time to |t pass the Custom House. At the same time consign me two f-20 co" s for my own use, us the demind recently, I, when we liuse experienced so many changes, bus e>'' c.eeded anything I nci kaew for so valuable a preparav Hon. I have to inform you, that Lord Morpeth's servant v called at my store, nnd purchased, I presume for hit masy ter,several package*. Yours, truly, C. D. Joiitssois. I- (ft/- " Bunks break" and the people suffer; so they do, r from wet feet and exposure. They take cold, have a t cough, consumption lollows. and death ends the scene. r Use Sherman'* Cough Lozenges and they w ill cure your |( cold or cough in ?little time, and consumption in a few weiks. They hove done it on others, and will do it again. They are sold at the warehouse, 1 < 6 Nassau st, ^ nud by agents, 189 Bowery ; 77 K.ust Broadw ay ,nnJ Rush ^ ton and A spin wall's three stores. '1 _ ? | IHO.VKY MAItKKT, e Tuesday, Jan. 4 ? OP. M. y The transactions of the Stock Board to day presented u the usual features,viz: that of a disposition to sell,and dacliningpile'S. Delaware anJ llu lson fell 1 par cent; j Indiana doll ir bonds }; Illinois 6 per cents {; Harlem J; Long Island {; Bank of Commerce '4 par cent; Corporation i's f per cent. Bills on Philadelphia 6, Mobil* 13; New Orleans 0. The Legislatures of this State and of Pennsylvania, meet to-clny. anil both haes i nportaat duties before them, in relation to liaui.ciHl matters. The first to preserve the tot . ring credit of tint State, and rescue its fiscal con cerns fi om the grasp of tho stockjobbers, and the other ' to retrace their steps sn l >1 fustible, to restore its tarnisUe.l honor. That can 1-e done in the first instance ' only by in.tantly, compelling a resumption of specie paer ment* by'.tin hank*. That m.-ai-ure will be au earnest I to capitalists, tliut there is some disposition to pay. t* Our Phiiadelj hin correspondent,this morning, iufortna , us that at a meeting of the U. 8. Bank stockholders, a J# r tailed statement of the famous suspend.-.! debt of $J9,000,0m), of which,:, cording to the committee of Just year, j "very little is mercantile paper," will i e made public. It is due to the honor of the State of IVuasy Iran in that this II should be done. 1 The report < !'the Treasurer of the State of Maryh J, f for the js-ar i tiding 1st D-ct mher, 1K11, is before us. The C receipts arid expenditures have been as follow r Received in luil, i?sa.#70 Expended " H94.4W Balance on h.<n-!. $di ?78 t Subject to an ad litionul charge of !M0,9U J Deficit, SI 374 s The receiptsforth- coming ye.ir unJt-r existing lawa u arc eitimat.-d at $3'iooo(? The expenditures, 1,37# ft* C. hearing to he raisi J, 1..'1ft 4*3 y i j ne Tre#?urfr recommi-n j? an imn?-:<?ioic ?. wmu r dollar in the hundred, and earneaUy pr*?aea the uccr?. f aity H'- r< mmk-a* follow* : ? y La?? y< or, J.0 >9,000 w ould have aared the honor of tba State and kept the treaanry aolaant through the year.? Tu comply with herohl gallon* through the ymr 18?i, tl.i" in . J* more than outdo tin- mm , ; I, i?t year ahe waatrl rnldiion.il animal rrtunue, to 1 the amount of f80<y*? o; ly. Now her annual w ant* i ra i nearer fTecuxtl. ' J The deep dingier* to eu?ur her impending inaoieiuay , ?tire foul it.iin it will coat upon tin; t.Hlit no hright ami 1 rlnbl"nii?h' I r-ciitch. on of our ven.iable State. mint i I make rvrry *on of M irt laud, who ha* a heait or ton. -cienee. ha g lu? i ?d iu ebame ? .it bono anil u1 'oad? hi . I'.v.iy w here?at long a* it abell eudarc. Thr ronli of thi: tr- a-nry of 'ho Federal Roeeinmont, n ii ! d n-i ii.cra.no of revriue* nee- ?*ary, h ? 0|o-iir>J C w hole pnoilloa of the tmi.t, on l a* wra* to N- * a; ctel, th. manufacturer* aoiao the opjio'tuim jr, in order, by clamour and murepreientu ion, to obtain a bounty,in tba abapu ot a protective duty n ?a?h parti! cnlai branch, at tin i kf? iiir of tin* | e.iple at large. The Sacrrtary of t Tre??ury, iu hia annuai report, hat lent Irimaelf tufa I ter tin* otj ct. and. w ith i luid Juregaidtotbi a i\au?ir>< klatu ol pi: bin C; III or., h a adn ( cati 1 the policy ot U\iag the man* of the pao, 1 in thia country for the t me At of the comparatively few mauufactiraiuit. Ho < rn'euror* tc rho .v that whin, iu any country, a duty la laid up in an article, tba burden fall# u, hi th* 'orniflu pn uC'*r. Thi pneticel operation of 'u'y ' f 11- g! .:i ) '. . t

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