Newspaper of The New York Herald, January 14, 1842, Page 2

January 14, 1842 Tarihli The New York Herald Gazetesi Sayfa 2
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NKl\ YORK HER U.l). V? v* lurk, Krldajr, Jannary 14, lM'J. J. V. Miiflit'u Kli'nt Con^ri ?luiiul Mention. We ptiblithed yesterday, full and uccurate verbatim report of the first s uumi preached before Cougiett, l?y PrttlViior Msllit, of the Methoditt Church. I'liit tei mon wti lurn:>li'f exclusively to the Her-ild,by ?ur ad nimble W ellington reporter. I: i? the liret termon of Mr. Miffi 't that ever u is published verbatim, and it it quite a cuiioul a id norel article, An edition of the ?er mon in a s.nall pimphlet, or brnekurt, will he puMuiul to day at tliit olhce, printed on lino paper?price Cents per copy, or f t per hundred. The lew York Lanrrt-So 3. The third number of this popular medical and and scienutic journal will b? p tblished lo-inorrow ; pru'? 64 cents persingle copy or $3 p r annum?in advance, Orders are coming in lor it (ront all parts _r .l. ........ vi uir i uiiuu y News Kvpected khom Wahiimu'O!*- We expect to receive to-night some curious accounts from Washington, relative to a heinous charge of bribery and corruption, price S 100,000 per head, which was made against certain members of Congress by a notorious U'. II street press a few days ago., It is highly ptobable, aiso, that the Sergeant atwill be sent here 10 arrest the libellers, and to bring them before the bar of the House, for such a lligtant violation of its privileges. Piping times, these. The Uvnkrui't Law Meeting.?It will be seen from our report of the meeting heldiyesterday,against ihe repeal of the Bankrupt Law, that nothing was said or done in repudiation of the atrocious charges made against the purity of Congress by a Wall street press. This should not have been omitted- The " Courier and Enquirer" has been considered the organ, pur rxeeUenee, of the unfortunate bankrupts, and when a public meeting silently passes over the monstrous charges made 111 that journal against ihe integrity ef Congress, the natural inference is, that tlicy join in the same belief, and entertain the like opinionsAnother meeting is to be held in a few days in the upper part of the cityThe tirent Meeting at the nerchante' 1^. change, to Oppose the Repeal of the Bank. dipt Liiw, Pursuant to previous announcements, a meeting of citizens of all political parties assembled yesterday at the Merchants' Exchange, for the purpose of adopting resolutions expressive of iheir opposition to a repeal of the Bankrupt Law-'^At two o'clock the Rotunda was crowded by a dense assemblage, amongst whom were a large number of our leudiug merchants and capitalists. Charles A. Davis, Esq , called the meeting to order, and nominated JOHN I. MORGAN, Esq., lor chairman. John L. I.vwhexce, Esq , nominated the following gentlemen es Vice Presidents:? (or-.ii O. Coster, Samuel Cowdrcy, Thomas S. McCarty, Andrew Foster, Cornelius Du IJoi?, Samuel Bradhurst, Duncan C. Pelt. George Grill'eD, Charles A. Davis, Wm. W. Todd, Elijih F. Furdy, William Bruce, Cornelius J. Borgcrt. I). W.C. Olyphant, Henry Hen liicks, Moses H.Grinuell, Samuel T Ttsdslo, Srlas Brown, John P. Stagg, James J. Van Allen, Ciiiils. line, laud, James W. Otis, Dudley Sul len, Benjamin P. Butler, John A. U.vntuwono, Esq , nominated (lie following "gentlemen Bo Secretaries : Samuel J. Tildcn, Benjiitnin R.Winthrop, II. W. S.irgen', John Tylur Brighnm, Thomas W. Gale, E lward A. Strong, Kutzen Suchley, Wm. T. Whittrmorc, John A- Morrill, 11. H. McCurdy. Ma. M'Vxax then addressed the meeting as follows : Fhe met ting ha 1 assembled to express Its opinion against the repeal ot the Bankrupt law passed at the last extra session of Congn ^s. The proposition that a law affectin,' so lartr ly the interests of the whole community dd he p osed with all the forms of deliberate action at am* session Of Congitss and repealed at the next, w as certainly a new- and startling one, especially w hen ' he riivpnimnnt. 1 v a solemn net lud h?M tK^ promise to a lai poition ol tli citi/ensof this country, which by tlic i j >1 of this law w ill he broken.? The government owe* to itaell' whin it posses a law of a general char.irti r is this in. to maintain its own oh-tract* r Of rMpSCtsbillty, to Idbm to that law, inlets there be (ound some radical defects manifested in it* practical operation which demand its ripoal. Ho *U] posed titer. w.Tf then present men, who enter tain <t original!', very d tlVieiit views respecting this law from wh..t lhny now entertained. If h* had been asked previous to itsj: .issagn whether he would vote for it, he wool : w.t 11 ut hesitation have said no, because he believed it had many imperfection^ he believed that it was not what a Bankrupt oglit to he. but if he were askel n w whether ho would vote for its re;e.l he wo ill answer still more emphatically ro! B' atise tlo implied faith oftbe governmt n, was pled* got in thit la-, and the government was bound, ifitdesirid tc maintain that character lor stability which was so essential to the very existence of any governroo t nud eap< cully a republican government, to maintain that law St vi ial gentbmen had met lor the i |W *' 1 |1' r j hi u-fltfiu m i m IU ?'? S II 11II. 1 UCl 1 lO 111 I ai< i-ting for it* consideration and uJ<>|<ti<>n He should not say that th e resolutioi.a expressed all the view*of 11 these grntl meu, nor of any one of their number, but they were unanimous in a lopting thesp r solutions, n ! to aectit. t lesirahle unanimity of sentim-nt, ttiry had made concessions and yielded up their peculiar htferenc sol opinion. He hoped the meeting would act with similar fori -arance anddiscretion.and without fut ther detaini ig them, he would l>. g to read the follow ing reaolutieni:? Resolve 1, That the eharaclet, reputation and perm a- ; nenry of the It publie drpml up n the good faith of its government an 1 th justice and stability of its laws. Resolved, That alnce the passage of the bankrupt law, nothing has occur sd to improve the g ->i>rral coudition of our mercantile atf lira ; on th? contr ary, business is depr. <?ed, credit limited and public confidence shaken to >ts foundation, both i.i relation to individuals aud governments R solved, Tint the ?|U- stion of the propriety of a bankrupt law, is . que stion of i riucipl and not of party; question both of justice and ol humanity ; of justice towards the ? .editor, and of humanly toivsrls th? debtor : an ! while these ol Jecti might be bitter secured bv judicious ..m -n 1 rents nt the existing law , every ronal teration of ou.J legislation, propriety an 1 policy for vi .a*- i11ri ''ii i i cpi- ii ui (> '-ipuneiiinil. Revolvo!, ' in our opinion all the amendment* nc Cestary toth< pr? sent law in.iy be in ado without repcnl or tho inne or j-otipornnj the time wh n the *Jmc ia to take effort It 'ioWeJ, That in o'ir j i l?'m *nt the comatercial em barraaamer.. th lemU-i aB i kr nee, ssary.wi re rhi -ily proluc d ! rntne.,t.?l action S'ate .ml Federal,' in t'lmulatniij that exroame credit from whoh rt suited oxceasivit dvbt, nnd th t in common j utter thoa- that b ivt tuft r> d then by . hare a ri<lit to dom and of fjo? rnm.-nt the overcitoof ita constitutional oii?r?i?* to 11 a'orn th* rn to that petition i.1 which they m?y bo It fi fre? in the purauitoi bnppini ?t R.-tolved, Tm' the C<>n-tltUtion of the I'nited State*, *bi'" it taki a fro at the local ito? erumi nta nil power of pa tine in; R > krnpt Law. impoa a upon ( onurosa the ; > o." i .'.iuhing" " uniform law a on tho aubjret of j h?i\krui?'ci - throughout tlie L'nlteJ State* " Ret lired, r:iat we <lo rarnettly remonatrate against th i p -alu Mi preaent Bankrupt Law, liecauae ??.-h involve! n breach of a viituaJ promise of the Oa vet nraent to th cla?* of our citizen* who hava been MliiHnlt i . 1 iteeaa,wWol no Ommant cm ?ln when th r,. i? \- ; iui.irj change of circum-tan e?,-vith i i' o ! . ing that :ifid ;,r--and raapsot wliinh are car> nti-.l to he imp uce of gaol govern mint; beCanan the will o; ib> l> pie a 11 the ill mind* of Jonum can be t'ibtervr-1 ai, 1 pr ni.te 1 w i-hout the repeal, and m y be frustrated or deni ! by the repeal Retolve* The the , , . ? ? ii ? -- _ . -, i _* i ' ?'? > n? ma IVOl UI th te o. N v V Vw ? i on r-?str.l to up holi tb'-fr n i|. i a Cj abrupt Law and to rote ar oint the uuqual . 1 repr.U or p;?'i<<HH'inont af that which i? o r in esirtenco. The r<.? . tin it- wp:e rt'lnpted. Ot'Dt.?T S'-uio * K?q neat a l.lreaael the me. t|a;p?He hai to i n csl 1 M,?oa 1.1 ? 'unit -r of thotc who felt ttio de~p intrreat hi |>r.? rvMim of th-Wt-iHruft l>ir, in,I ha 1 a -cod. I to ,li it reqiu ?:* to raping ht? view* on thi* occnion. II- h I cointdercd the whole ?.ihj >et involved ifi .hat law?h> ha I ron?i ler?d it caltnnl)' and attentively, an I ho h dieted th-i' the intereata d> pen liui; pun th- i- itiiiK nf lot,* ir .md creditor, rcqnirn that th i'. 1.1. * fhonlJtilntantially continued, and belie v. Jut: that, he c.onni 'cr. .1 it tho duty of the people of thit City and the country at I n go. to prevent their vicwa to C< nifrtaa, and r. [nest that the law ihottM he continued. H'- did net iutend to eay that tha law ?n? without defect} b'1 0.10 tl.i . ; wi\* r itAin. anj he a?k * I the property o-.t it-r? lad t i>- cr. !itt?r? of in?ol?entato take notice of it ?that the law i:i all it* fot m?, ahap ? and provition*, rev< > ecl far th- creditor all the a**, it of the debtor. ?!. rover fil'natrd an I howevi r the "no m ly he covered ap. ind tha' hem* ieouri ! to the creditor, ho apprehe id 3 ihat ?'d< all nil n could main en Vhen thi r dc'horahr ne There were ' llVreot Intererta I' T "tin { n, in Ongrx-*, calculated t ? produce .1 <HVemityo.a uon fromitiitur. ii * ctiim of the conn -y Too meeting, pcrhaira, would he a little auriirir-.l u' eo ttfi-ind tv i., s m!h 1 1 Htit?j dim r uuireraallf Srultrated ruber t.y the foliiei or mirfor?unr* of thtr i,Wt? i co;i ijarablc extent oabi'iped thrm'elvee tti 1 attii i.l. , 1'. ;> tlrlr 11 a* It it the rmonwii iriniifeet; the lav of the"- ? ate? th m eltrea at ?o feebly aJmr irtere 1 th*1 the debtor i? p rir.ittr.l to rIn noaaaeui. . of hi. i. p.n>. whlUt the cr. liter re Hint with it, en 1 hen. - in the South nud WV*l it W.?a the dnl.'er lh.' ? 1 ' P.' ** * to th" p*A?ige ft e la At, .md not the er litor. in th o-h<r hunt *i> 'he Nj. th in 1 Ei'. where he r-1 1 i n? of htor an 1 - r U to rore U ? di< urhed, the creditor* all, r ni 1. it nit with few ev p'iaii?, believed th it war ,'01 their interr*t it ?houM be turren lerr .1 an i in- il.i ch . g.-U, Itoaronlj in eweh thejn wi t % itiut ihe peopio of Ihfj L'uitftl Statea *n? aide lu sc1 U|-on Congress whrn ( took a conrae adverse to the public will it we in their primary km whiles that he profile con 1.1 utter a voice which would lie heard in the hails of the House of Representatives, when per haps there w as no other mode i f reaching lh< ir ll-pre eutatiret. And, he w oul-l u-i I, that the effect of au-li a meeting aa the present, would exert ? powerful lullu eiire. It waa true indeed that they did not rtifulru to act ou their iumeUiate representative!, for wtey were three to one in faver of this law, ami therefore it was not necessary to exert any influence out Item. But the proceeding! of the citizens of thit great com mete i-l 1 mfhiuum would operate on Congress wiih fncuii-.i lorce, an I would, he titided, induce that body to give the law a trial There might be different view I j tj"'" 1U tur s<;uri g| |II|I1C1|UI1 Ul I) U?D1 Ol III| solvi-acy, but hp thought it might be sot down ?i a s-1 tied principle which wus recngui/.i d by ill commercial i nationi, that a debtor, who had become involved in his , circumstances, not through improperconduct, hut thro' niismuuugt'im nt aud mulortuue, alter he had made a just anrrendpr of his property to the extinguishment of his debts, should he discharged from further rrspoiistbility. The was a principle ho believed to be founded in justice aud morality, and in its operation calculate d to advanue the interests both of the debtor and the creditor, and the general prospeiity ; and entertaining that belief, he hoped idiat the government ot the United States never would interfere with the bankrupt law, unless for tliP purpose of remedying its defects. Various estimates had been made of the number of insolvent debtors in the United Stales,and he believed that iha actual numbers were not below tne highest of these estimates?they amounted to between four hundred thousand and live hundred thousaud men, a large propTi ion of them posses-ing talents and integrity, aud willing to work, but whose energies would be cramped and prostrated by the repeal of this law, which was calculated to relieve them from their difliculties and of course at the same time to advunce the interest of their creditors. MrS. w< nt oil at considerable length to show that theoperatiou of the bankrupt Law was calculated to stimulate to activity the honest bankrupt in the ef forts to retrieve bis fallen fortunes whilst its re|>eol would have a directly opposite tendency. Hethen proceeded to sav tha' there was great difference of opinion resecting the qui s ion W >elher the Bankrupt Law should apply to Corporations. The statu of things had vastly changed since lost summer, when there was a atrontr ??vn* rtntinn that Oim HanL-u in o ctntr? nf ?????. fion would resume specie payments and secure to the country an adequate, saL tand sound currency. But he saw no effort in the Houth and West to place their Banks in a condition to redeem ther notes hy the payment of coin, an I it that were to he the case tie for one was willing that these Banks should be brought meter theop* eratioti of a particular Bankrupt Law, by which they should he obliged either to pay their notes or ho driven out of existence. (Loud Applause.) Mr. 8. concluded by forcibly improsing on the meeting the importance ol its acting with decision and unan imity. The Hon, B. K. Butler then addressed the meeting as fallows : ? Fellow Citizens ? 1 rejoice to meet you to day in this noble hall, consecrated now, as I firmly believe, to the ends ot justice, of sour i policy, of the great interests of trade, as well as the great interests ol humanity. (Applause.) 1 assented > esterday w hen appealed to, by a committee of those who culled this meeting, to their request to address yoi lor a few moments. I shall not attempt, however, to enter upon that wide and dillicult Held of inquiry and discussion which is embraced by a General Bankrupt Law. On n former occasion, when, in common with many ol you, I raised my humble voice iu lavor of such a law. I briefly stated my views of the great principles involved in this impoitant subject. I adhere to th? sentiment* 1 then expressed, and am, so far us the law recently passed conforms to these principles, and to some of them it certainly does, I give to it my ardent and most,, cordial support, so far ns it departs from these princi pies, 1 hope to see it amended by the united wisdom ot the people of the United Slates. But whilst, fellow citizens, I agree that the law is in some respects very seri ously defective, yet 1 would say to every man who wish e< the establishment of u S) stem which shall be perfect? w hich shall spread over the twenty.six States of the American Union ? w hich shall enable creditors to know their rights, ai d debtors to understand their obligations ?vvliieh shall speak the sum - language in Mississippi | and Missouri that it dees in New York and Massachusetts, on the shores of the United States and on the continent of Kurope?I urge on all who wish to see such a system, that with one heart and one mind, they rally in support of this law, and call upon Congress not to repeal it, but to allow it the fullest arid most extended opera tion (Tremendous applause.) Without claiming the spirit of prophesy, an) man who has looked at the histo ry of this subject for the last forty years must beperlectly aware that if this law be repealed or suspended for any length of time, you may bill adieu to any bankrup' law for forty years to corne. [Great cheering.] In.ll.u.lll In II... .......I <1,.. ,a?.>.l I.. , ""'"r" " " "" luiiau;, 1 who needs not the benefits wl i h thisylaw confers on the unfortunate?1 put it to those who wish to see business established on a permanent and solid footing, whether they are willing to five tip fortlienext forty years,the hope of n general ?\strro of.binkmptcy, such as that which is now called f >r by the interests of trade through out the United States ? It took forty years to produce that unanimity of sentiment, w hich was necessary to secure the establishment of this st stem, imperfect as it is; and, there on-, it .5 that I hold that we have no ground to expect, if this law be repealed or suspended lor any length of time, that any new system can be adopted in jess time than that which rolled away from the expiration ot the old law, and the enactment of the new in last July. [A voice?August] The resolutions which hate been read, contain the views which the committee in some respects in the spirit of compromise, in favor of the movement we now mvke. The committee kindly allowed mi the privilege of drawing up a resolution which should express in part my own pecular views. I therefore tiiko the liberty, with their permission, to offer these resolutions to von. and I believeaftrrthe manner in which you received the allusion of the preceding speaker to the to pic which has heretofore been one 011 w hich considerable diversity of opinion has prevailed, that you will assent to this resolution. But i; you dissent, if this resolution, when it is rea ! meets not a clear response, I wish no one to record it, for I wish no discord. 1 wish no diversity of opinion. My only object in'prcsenting the re solution is to explain to you in a fuw words the grounds upon which I take my present atand and to explain to my friends in Congress throughout the Union, if nny Iriends I have?an l the < ommittee supposed that 1 did stand in such a position as w ithout arrogance justified me in putting my views thus before them?the reasons why I thus unite with you, as I live said, heart and soul in the great movement. Resolved, That w liilt we deem it a measure of justice and policy, as well as humanity in the existing Condi tion of our country, to provide lot the relief ol the unfor ttinate and honest debtor, and for this and other reasons oppose the repeal or suspension of the law undi r consideration, we nevertheless believe that j the great benefits to be derived from a well digested Bankrupt I. iw, are to be toon 1 in its preventive influence \ on the coiitrai ting of d> bts, and in the permanent settlement of the relations of debtor and creditor, and that we , therefore consider it indispensable that all expedient j safeguards should he rstablishe.d to prevent fraud, and that full protection should lie given to all just creditors, and especially to the creditors of Ranking cor|>oratinns, ' and that the prrsi nt law 10 fat aa it i* detective in these respects, shonl 1 be amende ' by a supple mi litary in such manner a, to arcumplish these desirable ends, but w ithout be ing re*pooled or suspended. Ihtive that I did not intend occupying your time , by any argument* on the general cttbj ct.but f h g leave to read to y ou a brief extract from the Report ofthe t om- ' mi- K>iur. e pprtrel by the.' British Parliament to exam ate and report on the subj c.t of the Insolvent an 1 B.enk- , nipt Laws ol Or. at Britain, aad 1 am confident that the view of nu n who did not stand in the relations which ( American debtors hi I 0: titers sustain 11 each other, hut who lookc I st the subject in reference to its bearings on th" int'r. s's of tin gre at (.'ontmercial community of <} Britain, will comrii' . 1 th'-m?e*lvcs prrl.tps nfoff strongly to the* J-i Igm-ntof the respect e*?lv portion of our j fe llow 111/ lis who differ front us,but for * hose opinions I eriti rta.n grr it b e rente e and u h im 1 woul I gi e etly ele 1 sire to win ore r te> our vtewa by solid argument. Let mi j tell y 1.u whoth'-se- gentlemen w ere?the Kight Hon Mr ! ' ' 1 OH HI tile .HI mri ill i Ul VVtUillVII I II. o , Mr. Evans. Mr. KoiiMaiiii'tw, Mr. I,awe, Mr. Crawford, i Mr. H tw i s, M r Ilnvk'f S?.<-. ,nil men of the highest | standing, and in their official capacities intimately acquaint! d with all 'he d< tail* of the subject w hich they i ?tire ..ppninted to Investigate. Anil I hatard nothing in ' say ing ( vhil-t on tin on. hand this Commission w as | comp' - ed of enlightened m.l libei at minded w n,diipos- | ed to tnko n ronipri henlive vic.vof this auliject, with- j the li.ignM Miggising an efficient and equitable ay* , tem lor tip rel:- 1 ?1 honeWt dfbttn and cie ti'ors, tin re , was not a m -mt?r of th commission w ho was not only j , j familiar wi'h tli" milj-rt, but familiar w 1th it on the ere- ! j ditor's side, and w ho. if he had any f?eling calculated to I j j Idas him (it all, it was in that way. To make their ' ( . statements pm fectljr cleat a- 1 ..j-.j lie thle. let me say that { ( in the condition of things now existing in the United ; ' Stater, we havi got sol>it .i tially the E.glish Insolvent . , sy?t m, withoHt thi tieinnal II itikriipt I. iw s> s I ! tem fWith th IitfVrenc. , w h eh isimm usely against , lis,SV" hen lis I til eoilteikd with the divers ' Operation of ! -J6 lifl'erent laws i:i as many diff rent w>riti * The English Insolvur low exten's nnlv to the smll tr'i'ers and tho Commlsiioners di nred ag-noral bankrupt law which would < xtend to ill '? isons Th. ?e Commission erssay?"Thefutitre Imlilitii s of insolvent debtors is in our opinion a most unjust and impolitic Uw. The in solvent law, after interrupting a man in his business? taking all his property imj-t isoning him .mil his place j in btiMiit ss is occupied- th- n turning him out les'itute. i proclaimed insolvent and unworthy of credit, never l tt- less "Spec's him at e?me future tint" to acquire property thiehh' is to rive up for distribution among his 1 eriditors The practical result nndutibtedly i*. that ho tnak.? u- el no vuertion beyond thatof supplying his ilaiH w ant s mil too In .ni-ntlt becomes a rerma , m ntly drgr.>di d character i hta family art- brought up ii: in. , * i the creditor do ? nut gain . Tl."h* -it. in-', idr ooi man, who hti tiMD brandt d a* ail inaelvent, begi nn g anew, without capital and dl? mmifb" 1 chancer of ot t lining capital, with broken apfri'? and health piol ably impaired jiece??arily lihmra1 4ci int i dln4?iiti|tp( ia rpapttlag with MiH kiatal I I :tdl and crvilit.thut hi miiM be contidered a aucceaaful m m, if be i .n mer-ly gi t a living and bring up 8 family Mr R bin mail rnia co-rnti :it? on tint extract, and proem to .; ? k ! On dltt sit>t r i ( the law oft ankrnpt. y ir th val S'at i, w hi. b he am.t w?? not only ruinnua to th h ? inter t? t cr. .ti'i>r?,t,\it diigt ftceful Aifierii-an J'tn?i -udeiiee. It w a? ii Iced di-grartfal in the middle 0 f til lf> h < ? nturr th \ slum I 1 have i " ronfnalon worn renfonrnb t,'* all tending to op the honest,bnt nn o-tunate debtor, and <l>re no ; 1 '.i th creditor. Aa to the objec.tinna ntge.l p?t the law, that it waa dteclivo and dul not n ! the wUliea of allpirtba, that war excei-Jingiy ii- able ground It cne.ld not bo ixpcrtid in the m f thingi,that In 1 <ri?laU' j on a s i'j ct a > v i?t, ... n*tltifariiiu?, anrompl x ntty laa could h n te t is tthe triahaa of all. Mr. R then illnatratc.l thfa on In* "vOrrinj to thr rxhl . loni of mntnal roftca??.i.>n nn ' ' arancr. on tha part of th( frnmnof that Mrrc.l Irumtnl. Th.-y ??M ?.> thr panpl* of Ilia I'ni oil ira?'Ilia thu. or 111* ninon will narrr l>o rllr la I \ln Mi Vn* w ? loinllf railr I lor an I cam* foi w r .'I ..J thai u.xl mi.fuHy thorp w ould hp a t(r< a'. <livi 4.):. 1 Vvi r-it) of "piuion-upon t>io ?utj-Cl 01 the |> ?"n1 L. 1 1 ?nipt L 1 w w .iirh wji jbout to b? roppalcd. l'i 1 * as a stroi.g I. rli m the minds of a large number ol i-nrsons that the law ought to tie so constructed t? to inciuJe every kin.I ami denomination* of Ranking Cor poritious And u* it would hp im|*>??lble to reconcile all 'lie various an.I conflicting opinions an.I interests con nected wilh this subject. it wna therefore thought bwst to adopt the resolution* that had hern prepared and presented to the meeting. For himti If, he ronai lered the resolutions which had heen offered, as embody lag his sentiments; and on. of the benefits to lie derived from the contemplated Bankrupt Law , w.ia ita powerful preventive influence a* regarded fraud. But still he thought the law wu? incomplete as it stood ; Banking <Jor|io.-ati mis onzht to he included hy all means: thev were the sources m half the difficulties in which the mercantile community was involved-, they werethefruitful soinces of half the frauds that were perpetrated tip in the honest poltjnn of the community, and they ought to he included in tbv Bankrupt Law?or else it C9UI1I not he considated a general law by any mean*. was no use to attempt to dry up the stream if thu fountain waa left opeu. Here were li ud cal's for Mr. Hull and Mr Ilcffmin Mr. Piucott Hsu rose anil ?ai?My fellow citizen*, you are not astemtded here today for the purpose of considering ? belber it is'just or proper to pat* a Bankrupt Law; either to secure the jutt right* of the creditor, or to give relief to the unfortunate debtor. But you are asm-mi led for the purpose of considering whether a law which has pisaed both house* of Mongrel* in solemn deliberation, and which has received the sanction of the president, and met with the approbation of the people of this great country, should without cause, or without any reason being assigned be repeah <1 (Cheers.) You are assembled to say.whetei those who deliberately and with properjudgment made this law,shall now turn round,and whether from spleen,or c.aprire.or for (solitical aspiration or some morr hair or unwmthij Vftire?repeal this law before they have tried the effect ol itsoperations. (Loud cheers.) And it strikes me with especial astonishment that the attack on this law in Congress this session, should come from the ijuarti r whence it has come. (Cheers, and cries of " Henry Clay.") I do not mean to suppose?I never have believed?that this law was a perfect one by any means But does it folio w that because a measure is not perfectly satisfactory to all at the first blush,that therefore it snail be pulled down.aBd de stroyed before it has been tried? (Cheers,) Why, my friends, the very building in which we are now nssrrah ed ? beautiful and magnificent as it is acknowledged to fcc?doubtless does not meet with the entire approbation ol some severely critical judgments, in regard te its structure ! but does it therefore follow that we should pull down rind raze this spleuil d structure to tke ground. (Cheers.) And I > es it follow that because the Bankrupt Law passed at tiie late Extra Session of Congress, does not meet with the entire approbation of the whole'community, that therefore it shall bo abolished (Cheers, and criea of I. v., v., ' ...,l t.l I..II l...iar.. 11... liotr.. Oman it a f-.ii and impartial trial. (Cheers.) Why, my friends, it is one of he most dilllcult things imaginable lor the mimls oi men to meet and accord harmoniously on this subject. When 1 ha*e called the attention of prof- ssional gentlemen to this measure, and elicited theiropinions as to how could best be secured conjointly the rights of the creditor.and the pi ope r m idicutn of relief to the honest debtor, I have louitd a most astonishing discordance of opinion, so as almost to render it impossible to ftamea law which shoulJ give general satifaction even among a committee of the bar Can we wonder then that a Committee or Congress found it impossible ;tn draft, a law which should meet the approbation of all. 1 confess that I consider this law requires to be amended?that in its present shape it does not entirely meet with my approbation. Cut dots it follow therefore that it ought instantly to he repealed ! No 1 (Cheers.) And, least of all. does it follow that alter the manner iu which it was passed, that now. for no assignable cause under Heaven, the attack upon it should come from thequurter in which we find it does cainc ! (Cheers and cries of " It comes from Henry Clay !") 1 was told wh> n I was in Washington, hv a dittmeuithei Stnatar front Kentucky, one ot the most eloquent or .tors iu Congress, a man uuircraally admired as a statesman and a patriot? that Kentucky went forthe law. not because the wonted the law?hut because it was light in itself! (Loud chet rs.) 1 admired that sentiment from that man, 1 proclaimed that every where ! And judge of my surptise ! judge of my consternation! when I found that the hand which would strike down thi? law, comes from that very stute 'which we all vainly supposed to be a tower of strength. (Great sensation.) Now, though the States had surrecdei etl the power to pass this law to Congress, it was not so given to slumber there, but to be exercised. And so long as the States had not the power to pass such a la w, it was the bounden duty of Congress, to do what the State s could not do themselves. (Cheers) In this matter, the Stales were every where met by the 1 difficulty, that no State could pas3 a law, which should 1 violate or impair any contract But the same glorious 1 instrument that makes this provision, provides also that 1 Bankrupt Law. (Cheers.) The only question is. I ;is to time. And hus not that time now come? [Cries of " It lias") Have not the peojile oi the United States spoken in their might and majesty. Has sot tliPir voice bean heard throughout this land in tones hatcan never bo misunderstood. (Cheers ) Why, then, lofore this law has been tested?beforo the experinent has been tried, or it* defects pointed out by expeience?why. i say, should it be stricken down, and dotted out from the statute hook of the national Legisature? (Loud and continued cheering ) My friends, have my fears that ?tkir coynidirahatt,besides the geleral welfare have dictate d this most pe rmcious and exruordinary movement 1 have my fears that there are nen in this country who make the misfortunes of their el low tni n a sort of capital wherewith to carry on their xililical trading Bui I say to every such man?bo he .ihig or anti-whig? I bid him beware of what he is ibout. 1 say that it is no matter how tall h" is, or how 'loquen! ! or how strong he may consider himself in noiitical influeuei?that he must bow are ! (Cheers.) For ' there is no in .in?nomutterbow elevated he is ?in this ' country?that cannot be reached, humbled, and put lown tor ever by j tiblic opinion. (Terrific cheering.) Let,mo say that if any man in Congress hus thus endeavored to make the misfortunes of his fellow citizens his political capital to trade on, where with to advance his own aggrandisement that he will be utterly ruined unless he discards this plan. Although it may seem of little consequence to a tew why one house of t'ongriss should pass a law in July which they should repeal now- yet, let it be remembered that there areothi r men in one body of Con rcss of a higher and more r< fleetne order, who may be operated upon in a similar way. if nothing intervenes to prevent it. And it is lamentable to hear the milrrahle excuses assigned li r this change. Cheers.) Some pretend to say thut it 1 is because the political aspect of the times changed. [Laughter ] Why ? suppose it has. That does net alter truth and light. [Chens.] Justice is immutable and cannot change [Cheeis.] And if it was just (as the Senator from Kentucky s.iid) to pass a law in July?is it i.ot just to sanction that law in January I Whatlmakesit unjust now, il it wis just then? [Laughter.] Irhat "ntw Ught?" have broken in upon Congre;s recently, or unci* Inly last. (Honrs o! laughter, and crit-a of " $10tMK)0 a Itca.l!" and luint hisses ) 1 say if any man or set of men h ve made use of this law for their own peculiar |*c thought the speaki r sail pecuniary, hut the room had such a ten ible i oho that it was difficult to heat] or jiolitical advancement, then let him or them ticmhlc on 'heir political throne! (Tremmdous cheers.) That the law is has. dupen proper principles is Bn indisputable f iM ! (Cheers.) That it is an indispensable law cannot for one moment he denied by any one. (Cheers.) Mankind, in i nil and every condition of life, are liable to le overtaken \ hy>misfut tours?that are beyond the control of the wi.est, the purest, or the most prudent. (Cheers.) Ail.! it is the ; duty of our Congress to pass toil for the general good. | (Cheers.) In regard to this parti mlai law,the iredilor may i think it is too lenient?the debtor on the other hand, may think it is too severe. The only way. therefore, is to se- i I.ctsome just m -ilium, where nil these differences of opinion ran t adjusted ; and it is the duty of flic grate minps w ho preside in our National Senate to set themselves assiduously at orderly repair the defects In this Jaw, and not to desrov it without ttial. tLoiul . clncts.) I* !t altogi t' . r pronaVle that if trw Apiviican pi ople hod shown a culn tble op . by upon this vital n;i^>ject?that the "sine spirit and influence which operated , upon one branch of Congres. would prevail, nud have supreme sway in the councils ol the other. But w hen it is shown to thrm in thunder to nr.' of indignation, that the American people willnot hecontrnt thatthey should pass a law in July andrepialit without trial, rhyme, or I ,-ason. the follow ing January .these men will ho stopped 'n the middle of t H ir can rr. (Loud rhrcrs ) It Is my hope and firm convi.-tion.thattbo Sennta o( t1 United States will n. t he found, to he the weak, vacillating or wavering body that the House ef Hepresentotives has shown it-elfto he (Tri mtn lous chci rn g isid ro-ns of laughter) or at least same part ol thut bouse. (Laughter an 1 cheers 1 I know not what has caused this extraordinary change. (Laughter.) And I say, without any particular regard to respect, or disrespect of any number, that nny gentleman who in tour months, can change his opinion, without nny assignable ' C.iuse. or being able to give a ft asible reason therefor?I have no 'gicat opinion ol. (Lon.l laughter and chf rs. and cm s of ">100 uOd makes good change!'') An.. 1 -.ay more,?that, without pretending to hint at what has'cans 1 this most-ingular change in the votes j of souse of the members of Congress,?that it is not !

possible> man to have had in fourmontha, any I new light from mc-e conviction alone, break in upon hlra on this subject of the Bankrupt Law. ( I'n mvliJous chteis a;.d cries of "Jupiter's gol. .1 ui shower ot light ravished Danae"!) Bet 1 trtis', my friend*, that in the ptou.l S. i.atc of th. United States no man who g-v. his v ote or opinion on this matter in July IS41, will tic found changing that opinion or that vote in January la-O (Cheers.) It there he defects in the law lit sonv. strong mind and some linn baud* administer a ii mi d> lor the evil ; improve?cure-hut not dtstroy ! (('heir - 1 Still if the people had no! thus como together, it is possible that the spirit whi -h actuated one body might prevail with tVr other body ! Thus it is, that these assemblies oi the people have their proper (I ct. (Chi i rs ; And therefore I caagrotul te my fellow citizens of X iv York that thev have thus assi-mblm! and r i? > i.iwn in it. i i ves in oc i.i ii net it nitre to ino 11 tie nitf, of hum' uity. (( kp.ri I 1 r< Joiro that iho crrtJitor cla's has not interfered in this matter, but have been ? ill r g that whr n tho debtor ?uin n lrrt oil that he has, t! at lu< ! an is shoul i no lunger .? on ag, !, t<ut that ho should be free to star: on a new career. (Cheers.) And I h<v" th-r< f n that tl.-s m ,t u IfMMIIMMr] ?ill ?mii see i ?ory man start forward upon a new career of life and hope at d .1 >y, with hie hand*, his lion! ?, his nun his pr sports. |*11-cMy fr. e an I untramm liej. (Tr?. inondous cheers.) And tin r> fore I say, that we have all much to hop- rn htoeb. ems on cur com . (Cheers) No besrt shoulu ; ow found failing?no *:op now be men halting [Chnri] Lit the woth be carried f iward, as i only n? it has In > u hi gun. and iny w or,! foi it, it i ill s,??n bo finally and successfully aocumpl.sbe1.? Trunindjuarhvra] Mr. F,o>tn?rr>? till n rose and ? mi? My fellow c. i ;en?, i o.n in t 0,(11 .1 to the i Ifott w hich it noceMary t > ,i<> justie. to the subject w hich has brought > otl together to uii. h it I to 1 a | the i nportariee of thi? n atf. r a* fully i hi J >t J in can fed on the atll j. et, and that every wan. whatr may ho hit e.i fed, or hla station, own it tobifnself, to'i nd and t>e sjient in thi? rlortcua eiiiso, which is tiling |, i th >u the rmnaripntion of stiff-ring humanity. (<ireat s| p|av <? ) | hare rvor been in tavor ot a 1'iibrupt Law tor two lesson* : First?togaat.l .igamst 'l> i ngiisof ih- ti aadiiu ntj and Secondly, to olfoid re li tuthu iinfu'nn-.te debtor. In these pou.'a, ) if itand at pri nt, are 1'mnti' lj d<Scf'*,ii, .1. ) contain no aa.Vguard agaiuat Iraud; bo provision lor life relief ofthe unfortunate. Ilia true that oa one aide *t have execution!. judgment*, creditor'! bilU, and ao forth to drain the laat dollar from tha debtor; hut no civilied community ever invented auch a miserable abemc, whether it ia regarded aa affecting tha intereataof the debtor or the creilitor? auch a wretched plan aa regards itsoperation to all classes. (Cheera ) By it we have no means to enforce tjust claim against a dishonest debtor; una tor tn - honest mil unlortunate debtor there ii 110 hope under Heaven : (C been.) If a man tarni a thief and steals, he lias some hope ol relief from hi* sulfcrings; he can g.i to the state prison and nerve out hia time, aud ultimately get rrl, and. It a man commit* a murder or a rape he rau *ee the end of hi* punishment. But for the unfortunate debtor there i* no end?no relief lave the crave. (Loud applause, and criea of "True, by Heaven!") And a* the law stand* at present, a man had hotter he a tbiif and steal, than he an unfortunate debtor. Kor he can't start afresh in the race of life and industry ; w hile a thief can. (Chers.) No, the debtor ia tied down?chaiued?to the dust; and the Ciave alone can relieve him ; ss hile the Stat* prison can relieve the rascally eriminal. (Cheer*.) Oue objection to the Bankrupt Law has been that vast uumber* would appear before the community as sound men, who in realty were not so. Perhaps some such instances may occur. But w e are not to say because ibe law ia defective i in oneortwothattlintiaasiifficieut reason why it should | he swept trom the statute book. Again, some say that Banks ought to be included. (Cheers) Very Well! But 1 have no fears that if thia law goes into operation, before two years, bunks will he included in the sphere of its effects and operations. [Cheers.] I, for one, am strongly oppossd to allowing B inks to be excluded from this measure, I can recognize no privileged class in this community. [Cheers] But still I am not going to say because they are not included in its provisions, that therefore there shall be no Bankrupt Law till they are. [Cheer*] No! Kar from it. And if thi* law exists two years, public sentiment will call out, to include incorporations in it ; and I wish to see such a law in operation as shall include these corporations which now set all law at defiance. [Cheers.] Another objection is. that if this law goes into operation, it will produce a sort of universal jubilee, among the unfortunate debtors Well, be it so (Loud cheers ) I,for one, am perfi?rtlv U'illinor (n Con noK n ItiKilan /PKaors \ ts?n re told in that law which is divine in it* origin, that the Great Law Giver of the universe, it dealing out his dispensations to his ehosen people, decreed that every i lifty years there should be an universal jubilee, when every debtor should be freed from his (bonds, and from his thraldom. (Load cheers.) And 1 say. Hail to the jubilee?hail ! all hail'o that glorious advent which is to relieve the honest unfortuuate debtor from that load < which misfortune?or, if you will, his own imprudence ' has entailed upon him {Kuthusiastic cheering ) But, I my fellow citizens, I shall trespass on your patience no , longer, as my mind and my sentimants are fully embodied in the resolution which I now shall offer. 1 Resolved, That wc do not consider the Bankrupt Law i a< a boon granted to the unfortunate by the grace of the Government, but as an act of pure justice, designed to raj store to the country the productive en' rgiesofone sixth | of the adult white male population, and to operate for the ' mutual benefit of Debtors aud Creditors;* nacted pursuant to thr constitutional obligations ol the National Legisla ttirr, long after those obligations should have been fulfilled, but not less just or less needful, from that conside- | ration. Mr. 8. J. Tildf.n beingcalled for by the meeting, rose and said? Instructed by the committee of arrangements, i to present the resolutions w hich I hold in my hand, I shall preface thim by a few remarUf; but 1 am warned < by thaemlnence of the gentlemen who have preceded ( me, as well as by mj physical incapacity, for thu effort necessary to be heard by this,vast assembly, not to detain > von long. Like the gentleman who first addressed you, ( if I ha I been culled upon to vote on this law, as an original question, I should have voted against its passage. I thought that it did not adequately piotect the rights of the creditor, and my mind revolte.I at the iuvidious and t un Hist distinction which it made in favor of banking coriioratious, which have been tbe main agents ol the a vile under which the community is uifTeriiig; or rather y in favor of the most worthless of such institutions. But : the question now is, whether we shall retain the law already passed, and amend it, as its defects are ascer- tl tained; or whether we shall,by n hasty repeal of it, incur the certainty, in the conflict of individual opinions and hostile interests, of losing altogether the acknow- C ledged benefits of such a law. In this state of the ques- j tion, I go unhesitatingly against the repeal. No man has a higher regard to the obligations of contracts than I ti have. But I do not see that the exercise by Congress of e its constitutional power to enact a general bankrupt law ivolves, legally or morally, a violation of the contracts a on which that law may o]>?rate. Look at the legal aspect ofthe question. The parties to those contracts are to be presumed to know the coastitutional authority of nf Congress in this case; aad they take thsir rights c subject to the exercise of this authority, in the h sound discretion of the Legislature. It is no part iof theiragreement that Congress shall net exert its legitimate powers. Then take the moral aspect of the V question. It is a dt monstrable truth, of political economy, that money, fluctuates in its amount and value like ather commodities, although not to the same extent, or as irregularly. A man who a few years ago agreed to ' pay an hundred dallars, and whose agreement is cn- C forced in the present state of values, will pay at least jne hundred and fifty dollars. (Cries of "That's true ") The dollar has itself changed. It has now- once and a ,, half as much exchanageble value as it thea had; once ?i>d a half as much po wer in the purchase of all commo- tl lities on the average. (Cries of "Hear, hear.") We nay still call our rule afoot rule, but it will measure >nce and a half as much of eyen thing to which it is , ipplied. In such a state of things, if it were prac- " icable, gevernment might provide some rule of equit ' able compensation by which to adjust contracts _ c n h 111* e i in lui-ir rin:tii. owl II if nui [irHcucslie. (iomnnir ul cannot adapt any rula to the in cssant fluctuations of the money market, or ottimpt it ,, without introducing fatal uncertainty in the business relatiom of individual*. But the question arises w hetber. \ w lu-n a universal change of value*, has occurred, ex-t [ending the effect of all contract*?when a time ha* ' passed in which the creditors have had the legal ri melie*, and recovered, in many instance* perhaps, more lhan they tvere iquiUbly entitled to?whether, under ' such circumstances, the government is bound to inter- r rere for the enforcement af such contracts further than to campel the debtor to give up all he has. 1 think p that it is not. No principle of private morality ar natural equity obliges it to go further One consideration more and I have done. 1 think that legislation , is the main canse of the existing evils. I allude to no *' particular act, certainly none of a party cheracti r ; but g with some exceptions, the whole course of legislation, (state and federal) h as tended to generate an artificial credit, the wrecks of whi"h arc strewn all around n* in the broken fortunes of thousands. If this be true, and d the government can remedy the evil without violating a any legal light er moral duty . I a y it ought to do so. 1 t' erefore ]tropo?? acompaet betw een the different par- ' ties on this question. Let those who think the present law defective, join in retaining it ; and those who desire its benefits join in atqending those defects. Amend it so ( that while yo* relieve the unfortunate debtor, you may , protect the creditor; and by appli ing its provisions to ' i ar.Uir.g institutions extend its action to the currency, t and thus can y'home its blessings to the business of every man in the community. Mr Tilpkx then off red the following: which were put and unanimously adopted. Resolved, That the proceeding* of this meeting he u signed by the President. Vice Presidents an 1 Secretaries. | bu i a copy of the same be forwarded to the President of the United States. Ues.ilv. d. That conies ofthe proceedings of this meet ins be al?o forwairteil to the Hon. Silts Wright nnd Mi- ? lliume] T T.illhin l|t,of the llQlll oi the t'iut.'<l Sm'.< ?. ami to our ilepr seutativps in Congresn. the Hon. Jcmtt J Booi -velt. John MrKenn. F? rramln Wood ?nu ( harl. s . O. ""crrii, w itli request that the ssm. may bp preit utrJ by them to the Senate and House of ReprenUtitrei. t As soon as Mr. Tilden had done speaking, there ! tvere loud en!!-' for " Mr- Hoffman." Mr Butler rep! ed, that h- wa? no' in the room A motion was ;h?ti li'nlJe that the meeting do adjourn, which was parried nem r?n , nnd the vast body ol intelligent and respectable cit izens separated in great good humor with themselves and each otherSailing of titr Mexican Vessels or War? Probable War Between Tixas and Mexico?On Tuesday, the two armed schooners, built here for the Mexican government, sailed from this port for Wra Cruz, under the e mtnand of Captain How ard, the same navigator who carried the steam vessels to Havana last year These vessel* sail under the American flag, and we presume the Mexican flag will not be hoisted until they reach Verr. Cruz, niul the rash in hard dollars are received for their construction. The sailing of these vessels is an important event mi the future movements of Mexico upon Texas, i In connection with this topic we may nieution, that we have received a valuable correspondence from ' Mexico, d scribing certain interviews wiih Santa Ana Hnii the diphtmaiic corpt there?and giving out the idea tlint the present Mexican Chief in determined to nwke an attack on Texas at no di-tant dey. In a day or two we shall publish this singular correspondence?and let it speak for itself. i In *he meantime,the private advices from M ex ice, as well as her public movements, indicate nothing hut war on Texas In addition to th<- two schooners from this port, two iron steamers are building in Knjand, and in the course of the m x' summer, we 1 expect to* e Texas attacked by Santa Ana, both by sen and land. From the best sources the following are the amount of naval Iorce, iliut will be brought into action by each power:? tnun n'sit. P.rif rf war At'.'trn, Com. Moore.-iO guns. Schooner of w ar San Antonio S.hounn ot 9au Barnard S'rumi r Zavala. Mrviran N?u, Hrig of w ?r, purehan J at Havana Hcbooiur . t war Liherta.l, 1 Pmxkan, Ire , built here. Schooner of w ar Eagle. 1 '' ' steamer (iron) now building in Knglaad. ?texmer (iron) " " " The Mexian Government, and e pccially Santa Ann, br? a bee i o'hing but lire and Inry t< wares the ' i >nd piThtes of Texas"ae they are called in Mexico. 1 . ho e . ift-r the Ivo vi.srls ftom th'u port ah ill have hoiat< d the Mexican flag, and should 1 .'nm. Moore full in vvith them in tlie Gulf, we i ? p -I t<>henr *ojv d'ciHfd moeem??t 011 the w.'er, I : . * sr t<' that of Sun Jac " ri 1 ;rni. | The celebrated Case of Uw " UpUla?f U* Dtek" tmvui the ? Lancet " The lntnm?ila P??"l :- L: l: ui uuviiki iii hub callttuhjiuury ease were to have been heard yesterday afternoon before the Vice Chancellor, but in consequence of some unexpected difficulties in obtaining one of the affidavits in corroboration of the defendant's answer to the bill of die " Captain of th? Deck," Mr Sherwood, the able counsel, retained on the part of defendant, requested Mr. Graham the "Captain's" counsel, to consent to a postponement ot the arguments till this day. Mr. John E White according, ly wailed on Mr. Graham for that purpose, but that gentleman refused to accede to Mr. Sherwood's request. Mr. White then waited on his Honor the Vice Chancellor in order to obtain the desired postponement, when the following conversation took place. Mr. White?In consequence, of some unforscen and unavoidable delay in procuring an affidavit, and from Mr. Sherwood having been ao buiily engaged du profesnonal doty, today, aa to prevent him from giving all the attention lie considers necessary to thia cate, we reapectfully solicit your honor to order a postponement till tomorrow. Mr. Gbauam?I really cannot be knocked about without ceremony in thia way?I have engagementa tomorrow whieh will completely occupy me?{ am engaged in a cause in the Supreme Court, in which the jury have been already empaunelled, and 1 will not be able to leave that Court. Mr. White?1 believe the supremo court doea not lit in the afternoon ; but at all event* Mr. Graham will get leave of absence ; and as to the charge of want of ceremony, Mr. Graham ia aware that the cauae has been already postponed on his account. The Vice Chancellor ?This cause is a novel and very important one, and I ain desirous to have the aid of counsel in it. 1 think it is, therefore, proper that all due indulgence shunld be granted in allowing the parties to prepare. I wish to have the cause fully argued, and it is probable that my opinion will be final and decisive in the matter. 1 will, therefore, postpone the case till to-morrow afternoon at 4 o'clock. At four o'clock,thia day, then the questions will be argued, whether a public lecturer, alter selling his lectures to the public, can prohibit the purchasers frotn making whatever use they please of them, and whether the press is to be prevented from publish i?ig niiiiKuua moiivef, ana lor justmatite ends" mailer interesting to the public?and this question could not be argued before a more liberal and enlightened tribunal than that at which the present yice Chancellor presides. Steam Ship Columbia, from Boston for Liverpool, arrived at Halifax on the 3d inst. News from Europe ?The Britannia sailed from Liverpool on the 4th instant, and has therefore been sut ten days. She will probably arrive next Thurslay or Friday. II the England don't reach here be"ore that time, the B. will bring a month's later inelligence. Cucumbers it* Januarv?Mr. James Galbraith, >f Newark, N. J. has just called and left with us i couple of cucumbers, which he cut from his vines 'esterday morning?the first that have been grown n these latitudes for the year 1842. We have not neasured them, but judge they are from 12 to 14 aches in length. They are of an entirely new speies; from an English seed. With much good sensedr. Galbraith has left them at the Herald office, for tie reason, as he slates, that " his brethren, garden, rs" and,"all classes of the community" may become cquainted with what can be done in gardening. The Raisers ?This family give their second con- 1 ert to-night at the City Hotel. Their singing must ] e novel to our citizens generally. Simon (we be- i eve that is the name) has a very extraordinary I oice, and is well worth hearing. 1 ?? i Herwig and KNcor.?These eminent artists have ( ist arrived in Boston, where they will give con- j erts. | Mr Clay Opposed to Repeal.?An evening pa- I er states that Mr. Clay will oppose the repeal of i te Bankrupt Law. Certainly. < MoREPirE?Master (ilentworth i* out with anc- j ter card in last evening's "Post." He gives one of them papers," showing up lied wood Fisher. Oiod -go ahead. Arhant Hcmbco ?The Washington letters in the , Courier and Enquirer." Where is Mat. Davisl? Vhere the devil is the "old boy in spec si" He never aade such blunders. Cheap Travelling ?The fure front this city to Llbany, via Springfield, is only three dollars! This oute is very popular, and so far as the price of pasage goes, is certainly the best. Steam, Wind and Machinery.?It is stated that our or five vessels will be built at Oswego this seaon, with Ericsson's propellers. Ball To-night?A ball is to be given to-night at rammany Hall, forlhe benefit of William Davies, deserving individual. Those who wish to enjoy hentselves had better attend. Results.? We see it stated thai there is jtow n neenoush, opposite to the city ot Albany, as tnuch reight as the Western Railroad can carry to Rosnn in a month. A bother Patriot Gore.?Samuel Richards aged ighty eight, died in Wilksbarre, Pa , on the 81st tit. He was a Lieutenant in the Third Connecticut tegiment of ContinentaiJTroops. Naval?Corvette Fairfield, Capt Tutnall, arrived it Gibraltar, 5th vlt., from Malum. Park Theatre.?The comedy of the Suspicious lushand was played last night, at this theatre, to a oleiably large audience. The piece went off tamey, and the acting, with a casual exception or to, licited but slight applause. We yesterday spoke if the intrinsic merit of the composition, nnd in adlition would add, that it affords a beautiful illustraion of one of the worst passions poor human nature s heir to, and the moral must be a useful lesson for hose who are influenced by suspicion in their do ne^tio circles Mr. Abbott played Ranger with'more spirit than it has been our chance to witmes in his actings nee liia engagement at the Park : but even then his personation did not come upte our ideas of the gay and dashing way it tended by the author Mr. Abbott doe,, not possess sufficient youthiul buoyancy for ibe part, and without this, Ranger cannot appear to advantage. In his younger days Mr Abbott may h ive inude an excellent Ranger, but certainly his performance last night scarcely reached rneiiocuty; added to this, he was slioi k ngly imperfect. Franklin, in the hands of Wheatly, was well conceived, and given with rmtch snirit If bp would only leave otfihai universal custom of liie, to w it?jumping .ihout, and shaking hi- htud, his performance? would be more appreciated. Mr- \Vheutly. nnw-n-days, is respectable m aim et every thing he undert dies, and for this reason we point out this very awkward feature per uliar to himselfChippendale, rs Jack Meggett, was only tolerable ?we hardly think this comes under the head of Mr. C's characters Mr Barry played Strict I and at time" with tnuch spirit, but lie certainly failed to impress his audience with 'lie belief ihut he wann man tortured and driven to madness by suspicion; he gave ihe passion but little coloring, n?d the part was altogt ther destitute of that phvMcal display so nrie^arv to it ? At times where ihe demon of suspicion should have driven him to frenzy, he wns cooler than most men could or would he under suelt circumstances. Mr. Clarke couid have made rnor?' n| B? l!amy;and Williams, as'Tester,reminded us, as he alwaya,do' s, of a note of interrogation; ha sttiiudes in tins pieoe were alike untn those wh'.ch destroyed his l>olly ^pinker, unciinly and clown-bke. Mi?s Cushuiari appears to ureal disadvantage in the piece. Clarinda does not rank among her heroines : het performance larked that winnin.?, playful archness to the part; ind <*d h? r per-onation was inferior to any we have si ,-u her enact, while her sister. Miss 8 Cu*hmaii,pi .ys<; her part adnimbly. There wasa sweetne?- about h'-r acting, nl Jacinthe, that satisfied at Bellamy was annul let out taste. i?l IH* > rriH'li, rr ucuni," nr> r ah i ? in ; \ ?- l >U1?I IHf' d lirr the f'tr ot the evening Tl us we bn?# jjiven our idea." of the performance The manner ni l" ttnis the piece up relleeia much credit on ih? n *',renient, and we Impe ihe public will sustain it in its praiseworthy ertor's to ensure public patron!?,; *. We are of opinion thai ilie noiing would have Ix t ii heller throughout if th- company had been more perfect in their parts. The beauty of the fifth tot > f the play waj destroyed by their sad imp*r reti me. To night we are to have LwrJou A -.nine pus i s <j kipt. Washington. [CtmpiJane* of the Herald.] Wa^hikgtoh, Jan 12, 1842 Apportionment under the New Census. The select committee of the House on the apportionment of representation under the new census, have agreed upon the ratio, and will be ready to report on Friday. The number settled on by the committee is 68,(A). Under the census of 1880, the number was 47,500, and the aggregate of the representatives was*242. If the bill to be reported by the committee shall become a law, the House will consist of 221 members, being a reduction ol eighteen. The subjoined table exhibits the total amount of population in the several States and Territories, the number of slaves, and the aggregate amount of the representative population - ci?#? ??J Total T*1>. of Total tlatet Pop. to he TerrUoriet. all Jocnpi... rt'rtmtA' %m ? SOI 788 - 5SI.TM terffl- :ss ajConnecticut, 306 974 _ 391,94* prfx .gas ?i *?" ?! Pe'unej'lrania, 1JWMI viS"' ia?*m 449 997 ijmm NnHk ciroliua 763 419 *47 SIT 635 0*t North .J we nia 448 sat South Carolina, mi'gj* 340.944 S79.014 M$XZ ?"'? *53 63* 469,341 375 651 195.111 2*7364 WlMIMiptu, ? .?! (54.45* 286 *8* T?rn'nr'?i^ M8?0 163, 59 755^4* 7719*6 16**56 766,9*4 M"O? 1 Ji9 448 3 I41?.4a ItldlKtia, 645 666 3 665 864 Illinois, 476 183 831 476 656 Missouri, 183 70* 66.*40 Artonw.', WJM 18.685 86.606 ?." #?:m *535 6?L sw if ?g District of Col1*, <8 71* 4 664 41.536 Total. 17,063.383 *,467 350 ISjOSi.S* Under the l&st apportionment law the States were represented as follows: Low asd Oais t-HDra thi Pnoroaixioif of tmc CotocrriBa No of rrprcitnutivet at the rate of one to every 64.1,00 route at pi uJD ted by the Committee.wiik fnictiont. l#i? Gmn. New liampfhite, 5 J M?g \ ^ 1 1 li = Connecticut. ? J ?I'Ii 7 _ Vermont. 5 ? l??? 1 New Jewey. ? ? " * > g&rfeS* *8 25 *4 007 3 Delaware, 1 ' ?"" J _ Vimmfa 21 15 40 20* 6 -* North Carolina, 13 ? Ji m 3 ? Seu'h Carolina, 8 6 65 66* J Georgia. 8 ' ,80" 1 Alatuina, S 7 13 343 ? 3 Miui.gippi, 2 4 25566 ? 2 Louisiana, 3 4 13 i'M ? j" Teaaeaaee, 13 11 7 98*! 2 _ Kentucky, 13 111 91914 % _ Ohio, It 82 23 465 ? 3 Indiana, 7 It 6,9(4 ? 3 Illinoia, 3 7 (t _ 4 Mifiouri, 2 5 20,466 ? 3 Arkanaaa, 1 1 31.660 ? % Michigan, 1 8 8,867 ? 2 318 283 New York, it will be seen, has the largest portion of any of the States, and it is supposed that her representatives will strive to amend the bill; but no number can be selected that will not bear with equal injustice upon some other State. The expediency of diminishing the number may well be questioned. It is doubtful even whether a large increase would not be beneficial to the country. The apprehension that it would retard the business of the House is without foundation. The British House of Commons consists of more than six hundred members, and yet business is turned off in that body with a facility and despatch to which cur national legislature is a stranger. Let the number be increased to Four hundred, take away the de-ks from the hall, let no man speak who is not prepared to discuss the question before the House, and we should see a radical and salutary reform in the manner of doing business. It is probable, however, that the proposition of the committee will be accepted by Congress, after the usual amount of idle debate, and all counter recommendations are only words throvnj tway. Tne Bankrupt Bill will not be repealed. 3uch at least is the pervading opinion here. TWENTY-SEVENTH CONGRESS, Second Session. Senate. Wedkesdat, Jan. 12. Th? BAitaiuipr Law. Mr. Miller presented a remonstrance against the repeal cl the bankrupt Law. Mr. Wrioht presented a memorial from ]?i or 17 mercantile firms, such as importing merchants, of New York, praying Congress to repeal the bankrupt Law; and a m? mortal from 170 merchants of the cay of Albany, in the State of New York, ?etting fLrih the propriety of an amendment of the bankrupt Law. He also presented a memorial from the Pilots of the Port ot New York, praying Concress to repeal the law throwing open the pott of New York to Pilots of ether States. Mr. Huimmorow presented a great many petitions for the repeal of the bankrupt Law. Mr. Wai.kkb presented a memorial from New York, against then peal or amendnie it of the Bankrupt Law. Mr. Ct-cr saidlhe had been n uuested to present several petitions from the city ot New York, remonstrating against auy in i rference with the bankrupt Law as it now esists lie had alto petitions to the^ same effect from other places, which he then pnjf' sented. lu behalf el the oUjeol oftUcse petitions Sb desired to say a few words, but perhaps that wasnot the proper time. Mr Calhoun said he had been requested to present several petitions from the city of New York, praying Congress not to interfere with the bank* rupt Law. These petitions had been forwarded to turn with a strong appe.u to bis sympathies in their behulf. lie cculd not be i<_no. nt iliat there were thous.inda of our moat valuable citizens, at the orreent moment, reduced to a hopeless state of iJkolvency?citizens woo have a: chums upon the sympathies ol tae community. H- would go farther? lie would say not only thai lie deeply deplored the condition to winch they were reduced, but that he consci-nti >"s!y believed most of the insolvents were innocenl sufferers?lb" vicious of unwise and improper legislation on the par- ot Hie general government and ot the Sin't s in relation to the c'trreucy. To this cause he mainly attributed the insolvency unci bankruptcy . g tu'tal throughout the country But atrogly an Ue feit the appeal, lie could not yield to it at the sacrifice of : n,in.iri,H 11 n I o., tar he \ Oad great, unu ,? . ?^ __ pres< nt inconvenience and temporary ind vidaul sufferini:. Me could not but .?( ? ( to yield to tile requestof theae petition.-! wculd In-, in the < nd, tint to aggravate the evils ot wht'.h they c.'uplaiued, and to involve u inuch w id'r circle in the rnia which overwhelms tb< u. Tin- tvu ounce of the I3a*krupt Law would ucifravate iii.-ue.iuol mitigatingthe Srurral distress occasioned hy an intl?ted and lrrecemable pap' r current y It th t law were not repealed it would not be in operation three yeai# 'till handreds of million -of dollars worth 11 pr< peny would have been submitted loth1 auctioneer*? hamnier, at a time too wlo n the cuuntiy could not furnish meiins to MM hasc it tunes* at a Ml I tioa W both debtor ami creditor, unJ the laault would be more disdsttous than tin etlectsi. the luiiner liaok* rupt Law, disastrous as they v?, re. What wault the crrdttorV benefit by the i.p-ivtmn ot this law Literally nothing. Scare ly u traction of thot d?b! would be collected under it- operation. And i view of the r i^htB of creditor 'v would take groiui there that it wosone ol tie most luiuquttou-i lit a ever passi-d. Ha n^xt bIi,< d to the llanhruj Law on Constitutional grou ,ds. Mr. Hbhrien replied to ;e con-titd'ional arguments of tli? 9east<>r f, m Hi Carolina, and th petition? were tliea leferrri!. Several petitions ot i i,?t- ebsracter were the presented, ao 1 i-ports fi<>m the several Departm- ot were rtceiv .,.j m-y, rally referred, and some un important - ? was disposed of ot llaxho or E*ci?i.?iu*r Mr .M resumed the debate on the Pres. dent's i i a Hoard of Exchequer. He held it t - ?.A?t? mt ih.- Oi verami nl to mulal th' i , , and te take *nrh action a* would :.?tmify- How i: was to he dtu< wafl I til> "?' -Hl , I1 <" <! I? Wit- to M dene by a retnrfl t? a purely metallic curiMK>.. ; mi-. and VMM be bj i.k p-pi-ra- a cireiimt.aB in i iiim to a larje tutem 111 ilie country. Nobodfl il.iiu|ht of twitiM the (ift bank aystenn, ai.d I.M tyarm were ont of tbe qurauon; what thea wfl to be done I In lltN -Mt'oi t li in oh they had llH plan of the Secretary < i the Treasury before th*S br the actio* of C for biawiii iferl (M consideration wbieh lie lud uiven to it, h i not been aid to scovf r all the dangers to'unliable "|.j. e'ii.n.-i li eh hail b-ni poll 'riH eil tn such met..physical nn /.< n on that floor-H Ih .'9ecre tern the idae eras not peifcfl I. .Vthe ;v r. U ' , r | J|

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