!v EW YORK HERALD. %?'W Yi:rk, Thursday, January -iO, IN44. Expected Sen* from Europe. Tut Bi.tanma is out sxteen dnys this noon. We may now, therefore, expect her news every day.? She was to have left Liverpool on tlie Ith instant. This s'.-.amer made her last voyage to Boston n sevente'. n ('ays, ajtd her last but one iu thirte? n days. Trial or John C. Colt. We give to-day the first day's proceedings in he trial ot Jcliu C. Colt. The most intense interest is felt. Tne whole of yesterday was sj>ent in procuring a jiry. To-day the opening speech will be given?and the evidence begin- 'litis afternoon, at four o'clock, an EXTRA HERALD will be published, containing 'he proceedings tip to that date. P. S. -since writing the above, we Jind that the Court adjourned at eleven o'clock last night to eleven o'clock this ntoraing. The entire panel o' three hundred talesmen was exhausted, and also 'he original panel of thiity-six. Out of these three hundred and thirty-six, eleven jurors were sworn to try the cause. The twelfth will be sworn this morning. The following are the names of the eleven; ? Charles H. Dalevan. Hiram Forrester, loseph Bishop, Hosea F Clark, V'atlian R. Hasted, Klias Hatfield, F.penetus Howe. Francis Dodsworth, Jas. R. Hobby, Alfred H. Duuscomb, John H. Williams. The pr -oner's counsel exhausted sixteen peremptory challenges out of his twenty, having only lour left, and challenged two for the favor. The Bankrupt I.nvv Repeal?Another inciting* The intelligence received here yesterday, of the repta! of the Bankrupt Law by a majority of thirty two vates in the House of Representative, has astounded that portion ol our city that feel a deep interest in the question. It is feared that the influence of such a large vote in the House, will carry it through the Senate, nud procure also the signature of the President to the repeal. In such a dangerous state, of things, what are the friends of the Law about 1 Are they preparing for a large meeting up town T Or do they mean to call out the bone and muscle iu their favor 1i Whatever is to be done, ought to be done quickly. Liberty of the Press Triumphant-.1 njunction on the Lancet Dissolved. We have the pleasure of announcing to the public thai the Assistant Vice Chancellor, has dissolved tiie injunction recently placed on the publication of l>r Mo it's Lectures on Surgery?published iu the ew York Lancet," and that by this decision, the liberty of the press, in this metropolis, has triumphed ov er the strong efforts made to trample upon it, and t? Tk? UV-u. I n/iflt" u. i II therefore, go onward as usual, giving brief views of all the lectures, (Dr. Mott's included,) cases and operations that may advance the cause of medical science and practice in this country. The decision m this interesting case is of considerable length, and will be published by us as soon as possible. The grounds on which the injunction is dissolved are techn.eally called "a want of jurisdiction in the Court of Chancery," but really and truly, on the great constitutional principles,preserving the liberty and inviolability of the press. We presume that no turt.ier attempt will be made by a man of Dr. Moit's known liberality, to impair his high reputation, by endeavoring to interfere with the liberty of the press. It would give us and the conductor? cf the "Lancet," the greatest pleasure and delight to resume those feelings of amity and respect which we have always felt for the New Schorl and its Faculty. The publication of short notices oi his Lectures, were begun for the purpose of benefiting the reputation of Dr. Mott as much as .he advancement of medical science?and we hope and trust that this distinguished man will nvitc '.he able editor of the " Lancet" to resume his scat in his lecture room, and take notes for the continuation of these valuable notices. Nothing can be gained to science by narrow, exclusive, or embittered feelings ; nothing gniued to reputation by estranged affections among eminent men engaged in advancing the snme honorable profession. W? fmat that I tr. Mott will take these f,lets into consideration, and act on his own generous impulses ? both :n resuming the Clinique, and in ottering no further opposition to the appearance el l>r. Houston in hie lecture room. The J a ksoiiville Bask?In our "Money Market" article to-d?y will be found the order, or act, or resolution passed by the Legislature of Florida in January last, commencing the process for annulling the charter of the Jacksonville Bank, and the reasons tor this action on their part. The resolution js now before Congress for approbation, and no doubt it will be confirmed. In addition to this public act, we add the following apticle from the " St. Augustine News," published within a few miles of Jacksonville, showing public eprn.t a on this bank, within its own vici. nity. |K.T.m the St. Augustine News, Jan. S.] Jai k>os?ilik Bask.?We have on a former occasion adverted to thia Bank, and the efforts now being made, te revive the circulation of its bills, by creating in New York an Impression that the institution is solvent. The New York Sun. contains the advertisements of several dealers, who rti'er to take its notes at par in trade, and a promise is holden out, that the bills wall be redeemed by the Editor of that paper. We have not at hand,tbu statement which was made, when it closed, showing its liabilities?hnt ws recollect distinctly the assertion then made, that it never had any thing like specie to redeem one tenth of its larues. These issues were excessive, an 1 of course,the holders of its notes, suffered material ly by its failing to pay tham. This distress was narticu larly frit here anil in our sister city Jacksonville, and the hills instead of being the issues of an Institution suspending alone from motives of self preservation, were hen worthless! promises to pay, ol one utterly and absolutely insolvent. Tlic bills are utterly valueless? carre any po: '.ion of the atock was ever paid in, in ipn ?>, and tiie Jortnow being mode to create a valar for its issue-; in N * York, is only preparatory .to their being gam n?n?d in V1 ?rida, and the men duped by their hollow promises to pay. It will 0" seen from these facts and opinions, tliat everything we have Jever published, warning the community against receiving the shinplasters of the Jncksonv !'. Bank, are true to the letter. We have nty o: oth?r facta to produce whenever Morgan, I the President is ready to bring on his action against *s for the $10,0i>0 damages But these are certainly enongnto make the community avoid all shinplaster*. particularly after the deplorable results . we have y\< seen in Cincinnati and Louisville. Mi i.i. Shush.\ei Hots is the West?Mo* is Lori'vr: le.?We give in mi' correspondence rom Louisville, an account of a bank or s?iinplast< r I riot win h took place in that city, as soon as they had htd'd of the outbreak.in Cincinnati. We have also accounts of a shinplaster riot in the south. These are deplorable?disgraceful events?but iney liom uic nur iupir UI n^urs IU Uir?i n confiding people. To all sound. well conducted bank*, we have ever given a cordial and discriminating support. They are valuable institutions, when prrp-rly managed?but no term* should ever be made with shinplaster shaving concerns. ^*t ? rr Rem. Estate.?We call the attention oj capitalists to the sale of real estate, belonging to 'he widow <y the late Dr. Drake, which takes place today at the Exchange, 12 o'clock. Thia is a valuable properly, aad turnwhe* a capital chance for gi od investment. ? * E> ' " > i, ix, n rn i inr.arr - .VI trie l< ' count* the Onto was rising at Cincinnati, and (alli or at Pitltharv: The Cumberland was on the rise at Nashville op V the 8th ;net. The Mwiwppt was so firmly closed at Burii.iL' ton (Iowa) on the 30th ult that people crow* I it on the ic. A". St. Louis, on the 6th, the river was very low. ft 1 Mr. O ,\. Brownaoii's Si roniLfi-turi', Latl Ertnlng. at ClliitoniHall. The subject of this I^^ture, as given out, wan Modern Civilization ; .its element* ; influence of lleligioiaid Philosophy In advancing it. The Lecture was delivered to an audience ol about ?m- hundred and fifty gentlemen, and some twelve or tuteen ladies. It wu a very curious al lair. It was a fort o' pious, aad a sort o' not pious, but rather sort o' not, than sort o\ He commenced by some very enlightened remarks about the three orders of civilization?tn wit: first, the Sacerdotal; second, the Political ; third, the Christian. All civilization began in the savage state. The dominant idea ia tha Political order is the stale ? Rome realized the idea of the Political state in its lulleat perfection. Jodea of Sacerdotal. These two however, were not sufficient for man. The Sarcedotal brings out the religious principle: the Political brings out the social order ; but it requires the Christian to bring ont the individual rights, and individual liberty. Children must be taught to obey. The,Savage is a ull grown infant. The Priest i8 the only person who can subdue the Savage, and teach him to obey. Ir the connexion, Mr. R. explained what he meant by saying that slavery is the tirat step towards civilization. The Prie t fits the Savage for the social state. In the next place the Lecturer proceeded to discuss the influence which Religion and Philosophy have in advancing civilization. Religion and PhiIrsophy lie said were identical. Then lolluwed a series of remarks, which some of the audience thought somewhat metaphysical, abstract, abstruse, and even transcendental; but for our part we thought them as clear as mud. They excited enthusiastic applause, especially the closing remark, when the learned philosopher expressed his hopes ol yet seeing religion come in Wall street. Some one of the audience remarked that his hopes were certainly well louaded, for there was a prayer meeting held in that afreet every day somewhere in the vicinity of number 18. Auo'.lier proposed to send the lecturer into Wall street, as a missionary, to try his hund at converting the natives. It was also said by some one, af ter the lecture, tliut the stock of the New Jerusalem had been entered upon the Hoard lisis It may be expected, however, that, I a? soon as n urrives at a premium, the knowing amners will sell out. Such la the progress of civilization. Albany. rCarTctpoBdence of the Herald.] Albany, January 18, 1842. James M. Wendell was, on Thursday evening last, elected by the Hoard of Regents, Chancellor of the University, in place of James Kino, deceased.? Litthkk Bradish was at the same time elected Vice Chancellor. Both elections were unanimous, and as auch, may be considered highly honorable to the two gentlemen thus selected. Maj. Davezac delivered his long looked for speech to-day, to u crowded auditory. There were more ladies present than ever I remember to have seen in the UoOse before. The Major's bursts of enthusiasm, as he became wrought up by the theme, was responded to with loud applause from the galleries and lobbies, which it was impossible for the Speaker's mallet to control. The speech was a most glowing description of that glorious event, which filled the measure of our country's glory?the battle of New Orleans. Never before has an audience listened to such a vivid and eloquent description of that memorable event, rendered doubly interesting from the fact that one of the most prominent actors in it, the only oue, with a single exception, of Jackson's Aids now surviving, was, Zenophon like, himself the historian. Becounting, as he did in so gtaphic and forcible a manner, the scenes attendant on that memorable duy?describing the noble and gallant commander?the city overwhelmed with consternation and alarm, and the city again overcome and radiant with joy?the triumphal arches?the crown of laurels bestowed by the liveliest of the ladies?the cheers and welcome of the grateful and joyant peonle. Then came the contrast of the arrest and line, and his nobleness of character as evinced in his interposal between his cowardly judicial assailant, and the justly aroused popular wra'h. The resolutions will, 1 should judge from th" indications to-day, be adopted by acclamation. Besides this, there was little of importance done in either house. In the Senate, a debate was had on the resolutions in relation to the public faith, but the further consideration of them was postponed until to-morrow. A long debate also ensued on the bill to change the mode of appointing Bank Commissioners.and to reduce the number thereof, but without takinu the question, the Committee rose and reportedThe Adjutant General's and the Treasurer's reports were sent in to-day. The Comptroller's report is at last printed- It is unusually long?making some ISt pages. In the Assembly, Mr. Maclay presented a petition from the butchers of Washington Market, praying for the reehartering of the North River Hank. The report of the Commissioners of ihe Canal Fund was also receivedCave Ulcucar. Prince or Wales' Hall.?We undeistand that a grand Hall and Supper is about to be given by the St. George's Society in this city, on the loth of February, the marriage day of the Queen of England, in honor of the birth of the lleir Apparent to the British Throne; under the management of this respectable Society, we doubt not it will be a very splendid affair, and will be well attended bv the British residents, as well as our own citizens: as the character of the Society is a guarantee for its being conducted in a proper manner. Thanks rou News.?We are indebted to Capt. lhistnn.of the fine steamer New llaven, for Boston papers, and to Harnden A* Co. for Boston and Albany papers, in advance of the mail. The New Haven runs every other day between here and Providence. Mualcnl and Theatrical. MiiicAL Movements.?Mr. Braham left town yesterday to fulfil engagements in Boston, Hartford, Pre vide nee and Albany. After these, he goes south. He has been very successful here during the recent trip. Where is Signor de Begms ! Is it not time for him to get up a well arranged grand concert, such as he knows well how to pioduce ? His late musical brochure the "Careanet," is highly valued by all the musical people of the day. Where is the tnguorl Speak forih. George P. Morris, the sweet and nai'pe song poet, is, we learn, very busy in some choice original songs and ballads in the romance of life. Signor Watsoni, the musical critic, is recovering slowly from the effects of the late dose of prussic acid administered to him by Signor Heinrich, the composer and musical doctor. The weather is favorable. The Tveolesk Mihstrei.*.?These artists give a concert to-night at the Stuyveaant Institute. NewYork consists of five large faubourg*?1st, down town, of which the City Hotel is the head-quarters ; 21, the ridge of Broadway, of which the Society rooms are the point; 3d, up town, of which Niblo's, vVc., are the centr? > Ith, away east, of which Hut K?r* lfiputuir 11 inr crnire ; ana nm, nrooKiyn, 01 | which every place i* the centre. All vocalists give , concerts at all these points. Chatham Theatre?The re-engagement of Nanker Hill, lux been nmked with that success which distingun-hed hi* tirat engagement at this house The theatre ix filled nightly, and the very excellent manager, withal crowds on every inch o! ste.iin Iip can mu>ter, to satisfy the numerous palion* of his establishment. To-night, a very attractive bill is offered, and we recommend all those utllictrd with ennui, especially the poor hankrupta, to ratxe tilty cents in some manner, and drown care by enjoying a good laugh at Hill's eccentricities Oivmhc Theatre.?Ma. Cossvs'a Hermit. The excellent Treasurer of this laughter provoking establishment, invites his friends to call upon him this evening in their might, on the occasion n| his benefit. Mr. Oorbyn, always urbane and polu,- t? the patrons of the Olympic, has claims upon the t uhlic, as tux Hl'orts in a great degree are contribu t d to the enjoyment n'ghtlv reaped at the theatre lie rflers a very attrsctive bill, and we understand th- long nh-ent Mixx Horn, appears on theo canon We are aho to have a performance on the flute, py that very superior artist, Kyle: this announcement alone should till the house, and we feel satisfied we ,ire -ale in th* prediction that it will be the fin rouse of thexeaxon. i tv. a -.11 mrwftMi rtnrtiiinK.<iTiii ? I um niQM || IUII |M* troni?ed accordinu to it* dr?<-rt-> A new entree *> produced la?t nietit repr-eentnis the tour quarter-* ? i he :r!obr Kach quaitrr m introduced to the audience with eome national air peculiar to it Ami r.ca comen m with Mail Columbia Tin- exhibition i? wt li worth sceirg. 1m) S TS C 11 I P T. Congress. The proceedings of the Senate on Tuesday are remarkable only for a declaration made by Mr. Morehead, Mr Clay's colleague from Kentucky, of his unwilling submission to the instruction of his State Legislature to vote for the repeal of the Bankrupt Law, and an intelligible intimation that Mr. Clay will difobey the instructions on the ground that he mutative, and ia not to be confuted in hia responsi bility to a State. This is an important declaration, and doubtless Mr. Clay will resign his aeat on the open consummation of hia disobedience to his immediate constituents. The States in whose cause he suffers political martyrdom , will then, in common gratitude, canonize the illustrious victim, and embalm him until the next Presidential contest, when he will rise again to receive the adoration o/ an increased host of devout worshippers. The House of Representatives was occupied the eutire day with the presentation of petitions, many of which ware on the subjects ef Abolition and the Bankrupt Law. By a majority oft# toiW the House referred a memorial on the latter subject, to the committee on the Judiciary, with instructions to enquire into theexpediency of reporting a bill toestab lish a uniform system of Bankruptcy, free from the imperfections and deficiencies of the law of the Extra Session. It is possible that the House may take up anew bill and hurry it through, to meet the wishes of the large class !of society,which while it is opposed to the existine law, yet desires a system of " r ?l i: _ r i a J-L*.. it liaiinrupicy lor me reuei 01 me noneoi uruiui. ?i must, however, be observed that the House had a very thin attendance when the instructions were passed. Washington. [CorrrepondcDce of the Herald ] Washiwoton, Jan. IS, 1S42. Re union of the Whig Party?Bankrnpt Law?Will there be a Veto. There is some prospect of a re-union of the Whiles, and a cordial understanding between the Executive and a majority in both Houses of Congress. The folly of quarrelling with President Tyler, always palpable to every body not blinded by passion or prejudice, has became obvious to the most furious bankmen, and nearly all seem desirous to come into the support of the administration, and co-operate with President Tyler in carrying out such measures of reform as the misrule of Van Dureriism has rendered indispensable to the integrity and purity of *i Tito nprunnal rplnfinna of a me ^uvciuuicut. * rw*?? ? - luigi portion of the Democrats in both Houses with the President, are of the most friendly nature, but such is the force'of party discipline,that the leaders, looking t* ulterior objects, are able to prevent nearly all from giving a fair support to any measure of the administration. The present state of things cannot long continue. Here is our Executive, to whom is accorded, by common consent, patriotic intentions and honesty of purpose, with a strong hold on the affections and confidence cf the people, without avowed supportera, without a party in either House ot Congress. In this anomalous condition ot affairs, what is the obvious dictate of wisdom and patriotism 1 What are the just expectations of the party which placed him in power I What will the people demand of their representatives in Congress T The answer is easy, and at hand. A liberal support of wise and judicious measures?an abandonment of ull schemes of Preeident making, and undivided attention to the legitimate business of the legislation of the nation. The people will never sanction a factious combination either to thwart and embarrass the Exacutive, or to promote the views of any ambitious aspirant. Let the whigs in Congress discard all selfish and unworthy inotions. and leave the succession to the people, who are fully competent to manag" fb? , matter. They have an ample majority in both houses for all practical purposes, notwithstanding the suicidal policy of the extra session, and its continuance up to the present hour. It is easy to recover all they have lost. There are patriotic and able men in both houses, ready and willing, if properly supported, to place the party in its old vantage ground, and turn its strength against the common Adversary, ineieau 01 womiun 11 1,1 minimi simr. If this shall be done at once, the whigs may retain the ascendency in the next Congress. Hut if matters remain in their present condition sixty, nay thirty days longer, the democrats will sweep the whole country at the next election. The prevailing impression to-day is that the Senate will pass the bill repealing the Bankrupt Law. Nothing is known on the subject,but it is understood that Mr. Rives will vote far the bill, lie has been uniformly opposed to the law, ar.d nothing but disgust at such inconsiderate, and capricious legislation will induce him to go against the repeal. If Mr. Cuthbert arrives in season, and Mr- Hives votes for the bill, it will prevail, 26 in favor to 24 in the negative. It is rumored that Mr. Clay is about to retire from the Senate, but this story has been so often put in circulation that it gains little credence at the present time. There mav be some foundation for it. nevertheless. It is supposed tint resolutions of instruction on the Bankrupt I.aw will pass the Senate of Kentucky unanimously, as they, have the House of Representatives. In'such an event, Mr. Clay, while he may have too much self-respect, as well as pride, to obey, will possibly pay so niueh consideration to the unanimous voice of the people of his State as expressed through their representatives, as to resign. The probability of th" repeal of the bankrupt law so far as Congre.tj is concerned, enhances the solicitude which has been felt .respecting the action of the Kxecutive. There are many contradictory rumours and much conflicting speculation as to his probable course- In the absence of all positive informatoin, we can only look to the p-\st history and character of President Tyler, his sentiments on the subject of a bankrupt law, his agency in the passage of this law, the object contemplated bv the frameis of the Constitution in entrusting the veto power to the executive, and the position in which a refusal to sign this bill would place Mr. Tyler. In the first place, Mr. Tyler's whole public life has been characterized by an inflexible devotion to principle, and an unalterable, patriotic determination to discharge his duty, regardless cf all cen9equeuces personal to himself, and looking with a single eye to ike public good, and the approbation of God and his conscience. With roannpt tn tli* t linnL runt lau;. Iip ia undoubtedly sensible to its many defects, and anxious to see it so amended, 'as to remove the objections which are urged against it on all hands ; but he pressed upon Congress in a special message, the importance of extending to the unfortunate debtor, that relief which is denied by the legislatures ot the .States, or which is beyond the reach of State legislation Without his recommendation,it my well be questioned, whether there would have been any definitive action on the subject at the e:\fra session. It was taken up on the executive suggestion, and aft r a protracted discussion, the bill pas?e<i into a law with all the constitutional sanctions. Thus a solemn promise was held out to the honest, unfortunate debtor, and for five months tho: e who looked to this humane and benificent measare, as Che only means of release from bondage, have been making their arrangements to avail themselves of th* provisions of the iaw And now, before >the law has gone into opera'ion, without an opportunity to test its elTect, with no new light on the subject, with no information other thin that upon which the law was enacted, the men who passed it, from pique or pasrion, are about to oreamuc pVMMH made ts HI P<MK WW 1 WWW away the cup which they bad hcU to his :p', and to hurl him back to thu state of desponJe cy anil drepair fram which le had but ju t em rged It was for the purpose, in part, of protec'ine the people from the < tfects of such hasty and lncnneide I ra'e legislation. that the veto power was confided to the Executive. If a veto can ever be justified on other than constitutional grounds, and no sane man will have the hardihood to' deny it, this is an instance of the kind- In fact, the dignity of the government, dependent as it is to some extent on the stability and permanence of legislation, calls loud'y ly for the interposition of the Executive to arrest the headlong and capricious coarse of Congress. As to the policy of the v?to, in the case undrr consideration, the beneficial consequences of such an act to President Tyler, both immediate and remote. are so obvious as scarcely to need one word by way of proof or illustration. We are w*ll aware that this view of the matter will have small weight with Mr. Tyler, but to mere politicians, who are promt to calculate all the ehancee, this is the most interesting aspect in which the thing can be considered. By a veto he loses nothing. The States most solicitous for a repeal ot the Bankrupt Law, Kentucky, Tennessee, dec. are pledged against his administration already. They want a national bank, from which they can borrow money, and will never forgive Mr. Tyler for thwarting their hopes. From those States, therefore, which are most interested in the repeal, he has nothing to expect under any circumstances. He loses nething in any quarter. But what does he gain 1 He rallies the entire whig party in Congress around his administration, with the exeeption of here and there a member from the State* alluded to?he inspires a feeling of gratitude, deep and all-abiding, in the hearts of the hundreds of thousands who are looking to this law as the last refage from despair?and he commands the respect af all parties for hie firmness, his consistency, and his independence. Locking at the matter in this light, we are impelled to the conclusion that President Tyler will not yield his assent to the bill repealiug the Bankrupt Law. TWENTY-SEVENTH CONGRESS. Sceand Session. Senate. Tuesday, Jan. 18. The Bankrupt Repeal Bill. TIie Clerk of the House of Representatives, ap pcurru ut-u'rc wie oar, Hearing me dm ior me itepeal of the Bankrupt Law. The Secretaky of the Senate read it a first time by its title, and The Presidentpro trn\ put the question "shall it have a second reading." (Loud cries of no, no ) Mr. Berrien rose and said I hope not Mr. President.
The President explained that the question was "shall the bill have a second reading now" and not the second reading itself lie was understood to decide that the ayes iiad it,but it was laid on the table, as objections were made, the rule requiring unanimous consent. Mr. Tallmadoe presented the remonstrance of 658 citizens of New York against the postponement or repeal of the Bankrupt Law. Also memorials on the same tubjeel fiorn Buffalo, Poughkeepsie, Genesee, Albany, Seneca Fulls, Troy, Salina, Oswego, and various other places. At the honorable Senator's request, the remonstrance from Buffalo was eah Remonstrances against the repeal of the Bankrupt Law were presented by Mr. Rives, Mr. Merrick, Mr. Evans, Mr Buchanan, Mr. Mangum, Mr. Tappan, Mr. Walker, Mr. Woodbury, Mr. Morehead, and others. Mr. Miller presented a petition from Philadelphia for the amendment of the Bankrupt Law. Mr. Allen presented petitions for the repeal of the Bankrupt Law on the ground of its unconstitu tionality. Mr Woodbury presented one remonstrating against the continuance of the Bankrupt Law, from Portsmouth, New Hampshire. Mr. Merrick presented a petition for the repeal of the Bankrupt Law from the city of Baltimore, which was read at l is request. Mr. Mohehead presented a remonstrance from the city of New York against any interference wilh | the HankrUDt Lmw. The lelfer whieh c/.nmTwni?/l this remonstrance, he said, expressed some apprehension that he might vote for the repeal, and that on his vote might depend the fate of hundreds of t thousands of American citizens, tnen, women, and i children, who were looking to the law for relief, i I le should certainly most deeply deplore, if he could * ippose for a moment that on any action of his should I depend consequences so extremely interestina to so i large a number of the people ol the United States, i and he availed himsell of the opportunity before he i Hllhimiieii ilie le.ntion wliioh he proposed In make, I with the indulgence of the Senate, to offer some *j few observations. It could not have escaped his notice, nor, he supposed the notice of the | Senate, that some late Proceedings ot the < Legislature of Kentucky in reference to the bank- I rupt law, had attracted public attention to a very unusual degree Pursuing a custom which was common he believed to most if not all the Stales of i the Union, in expressing their opinion on questions ; of national interest, the House of Representatives in I Kentucky, had, by a very large majority, passed I resolutions declaring their opmiou (hat the bankrupt i law ought to be repealed. It was net for him to i search for reasons to vindicate the sentiments of the i people of Kentucky on this or any other question; nor should he do more than allude barely to her position under all circumstances, and to the manner in which?whether in time of national prosperity or national peril, in peace or in war?she has acquitted herself of the obligations which she owes as a member of this Union Whether the_ Bankrupt Law were a measure of national benefit or of national injury, was a question about which the people of the tStates had a right to Hitler : hilt whether thp measure u.niild ?/!?.?. tageonsly nr injuriously the interests ol the people of Kentucky, ih- people of Kentucky alone were competent to judge. He (Mr. Moreheadl thought from their judgment there was no appeal. At the late extra session of Congress, he voted for the Bankrupt Law, regarding it as a measure of national policy: profoundly, deeply impressed with the value of the claims of that large and interesting portion of the people of the United States, who were interested in the passage of that law. on the sympathy of their fellow citizens and the justice of Congress, and anxious, sincerely anxious, that all the benefits and blessings might flow from it which all its friends might desire, he gave it his cheerful as?ent. If he had been disposed to find reasons on which to found the supposition that there was an opposition to the hill in the State from which he came, he needed not to have gone further than the o?het wing of the Capitol to satisfy him of the etateof public sentiment in his own Statehe needed only to have consulted the journals of the House of Representatives to have perceived that the whole body of the Kentucky delegation in that House, with one solitary exception, was arrayed against the passage (.( that law. But he took no such pains on the subject : his |udgment was satisfied ; he looked throughout the Union, and he saw hundreds of thousands, as the letter which he had received, states, of his fellow citizens, bowed down unto the very dust by the most unexampled pressure, writhing under torture tahicli he alone can know who sees his wife and children consigned to ( hopeless and irrevocable want, bound hand and foot with fetters which no human agency but the National Legislature can unloose?with such a spectacle before him he felt a deep and profound pense of duty m ire imperious even than the sympathies of his nature could control lie had seen nothing since then in the condition ot public affairs, o in the condition or prospectn of that unfortunate class to change his views of the beniticence of that measure, as a measure ol national enfranchisement He felt now as he felt th?n, that it would have been one of the proudest notions ol his life to be the instrument of unloosing their letters, and seeing them no lonjer the prisoners of deb', but the happy possessors ol hope, joyous, buoyant hope. But he had a regard for the princi pies of his public duty?ol which every member ol the Senate must be the judge for himself. Notwith Biauuuit; mini wrrc mr uniirrivinnp 'inarr wrucn nr acted at the last session of Congress?notwithstanding such were the views which governed him?he did not entirely lose eight of the duty which he owed to his constituents, nor of the relation which subsisted between hint and them. On the return of the bill to that House, with an nineudment adopted in the House of Representatives postponing its operations untii the 1st of February, the Senate might not be unmindiu! of the part he took in support of that amendment, and the reasons which he assigned The Senator from Pennsylvania (Mr Buchanan) would not forget the issue which ne made on that occasion Inasmuch aa to some extent the law was an experiment, he held it to be peculiarly ptoper that the people should have the opportunity to pes upon it. After the adjournment of the session, he returned to hia constituents, and though h * tonnd no outbreaking there, though he found n > very great dissatisfaction pervading the coin monwralth respecting those who differed Irotn them, he, nevertheless, did find a strong disincli nation in the public mind that that law should go into operation. And there were a variety of reasons why Keatucky should teel as she did, and in a way not common to c ther States This subject ol " tne obligation ol contract*" was one wun wmcn his constituents were extremely familiar. Titerwere tew persons who had figured in pablic lite, who did not remember the struggle on the subject of tne relief ay at em in hi* State, why the subject 11 " the obligation of contracts" waa discussed every* where and by almost everyone in Kentucky oni they became as familiar with that as they could b with any discipline or expeiience whatever. When, therefore, there was a kindred snbject which might be made to bear on that same subject, there was a tendency in the public tnind to take alarm, and he had not wondered that, with all their characteri-tic devotion to the great principles of the party which had lately went iato power, this sensibility should be found. Since he had returned to* Washington, he had received letters which impressed him with the opinion that the sentiments cf the people of Kentucky were adverse to this law.and recardine the resolutions of the House of Representatives of Kentucky, as proceeding from the popular branch of the Legislature, and regarding them as furnishing proof of the popular sentiment, he had deemed himself to be under obligations to look with candor upon them, as markvf? ''ne ^utv wbich 'l became him to follow Without saying one word on the subject of Legislative instructions?without denouncing questions not now presented to the Senate, and in advance of further legislative action?coupling the opinion of the Representatives with what he had heard since he came here ! e could not hesitate to come, and he therefore did come to the conclusion to conform himself to their determination. While he said this, he deemed it to be distinctly understood that the s-niiments which he had delivered were his own. He spake for no one but himself. The ule which he had prescribed for himself, had no necessary application to his distinguished colleague. He (Mr. Morehead) trusted he did not undervalue his own pretensions when he said, between him and his distinguished colleague there was a va9t difference in the measure of public responsibilty. He (Mr. Morehead) was a Senator of yesterday, known only to the people who sent him there, and to those with whom he was associated in the discharge of his public trust. His public life had hitherto been sp?nt in the commonwealth which gave him birth, and to her alone must he look. He was net so vain as to suppose that his position there could be regarded in any other light than as connecting him with the constituent body he represented; but his colleague (Mr. Clay) occupied other and higher ground. For more than thirty years he had been distinguished as an actor on the theatre of public affairs, and he had been identified during)that period with all the great measures of public policy; and if a Catholic spirit on all occasions, of a perception f right strengthened by long experience 1a the public service?if a life signalized bv attachment to. and a lofty and exclusive devotion to the happiness, the independence, and the glory of his country could constitute a Senator frr m a State the Representative of a whole country, then he might claim for his distinguished colleague that appellation. Proud as Kentucky may be of his services, attached as she is to his name and to his fame as a national legislator, she was not so selfish as to attach him exclusively to herself. The poorest citizen of the Union, without regard to State, may recognize in him a representative, and he (Mr. Clay) may recognize that citizen as a constituent. Kentucky was not so ignorant of his position h?re as to appro priate him exclusively to herself. In view then of his responsibility to the American people,well might it be admissable in him (Mr. Clay) to assume a position so justly belonging to him, and so appropriately his; and it was eoually becoming on his (Mr. Morehead's) part to uaopt himself to the relationship so pe< uliarly his own. He begged the pardon of the Senate for the manner in which he had spoken of his colleague ; he had desired to vindicate his own consistency and responsibility, and in doing so he had deemed it a lit occasion to express his views of what appeared to be a proper distinction between himself and his colleague, and he should regret if he had overstep just bounds. One word more. Whatever might be the fate of those unfortunate men who expected relief from this measure, however he might be convinced that that cause was one which appeals in the strongest and most powerful manner to the justice of the national representatives ; he (Mr. Morehead) nevertheless vielded himself to the discharge of his inexorabje duty, a violation of which would make his eondition less honorable than theirs. He then moved that the memorials be referred to the judiciary committee. Mr. Walker's resolution to instruct the Judisiary Committee to report an amendrneatto the Bankrupt Law, so as to include Banks, was amended so as to direct the committee to inquire into the expediency of such an amendment, and in that form it was adopted. The Treaslrv Note Bill. Mr. Evans from the Committee on Finance, reported the Treasury Note Bill with some verbal amendments. The Neutrality Law. Mr. lliVEsfrom the Committee on Foreign Relaione, reported a bill to revive and continue in force, he neutrality laws passed in 1838. To this subject, he President called attention in his message to the ixtra session, but as that session was limited to cerain specified subjects, it was not then acted upon ; nore recently, however, the President had again ransinitted a communication on the subject, and it whs deemed nec?a??ry that the billthn"^ he pa<x?a or trie preservation of good neighborhood with adorning States. The bill was read twice and referred. Many petitions were 'presented that were of no public interest, and several private bills were advanced a stajre, some of which, were read a third :ime and passed. Naval Force. Mr. Williams offered a resolution of instruction to the Secretary of the Navy,to communicate to the Senate thenumberof vesselsof war belonging to the navy during the years 1S39, 1840 and 1S41, diatingniehing those in commission from those in ordinary, the respective classes, and the number of guns; also the expenses of the navy lor the same period, distinguishing between active service and ordinary, and the number of llioers and seamen ; and likewise thatthe Secretary of the Navy furnish to the Senate similar information tor the years 1822 and 1S24. The resolution was agreed to. and after some other unimportant business the Senate went into Executive Session. House of Representatives. Tcr?i>*r, Jan. 18. Ahisdmimt tf thi. BAHKScrT Law. Mr. J. R. Iwofrkoll asked the unanimous (consent of the House to introduce a resolution instructing the Committee on the Jndiciary to bring in a bill to amend the Bankrupt Saw, so that it* imperfections may he corrected, and its deficiencies supplied. Objection was made by various gentlemen to the re solution. Mr. Nnr.RfOLL moved a susdension of the rules, but was informed that the House was already under a ens pension of tje rules for the reception of petitions, and that it woulo not be in order again to move a suspension, until the formerorder was exhausted. Mr. 8-anlet asked the unanimous consent of the House to introduce a resolution, authorising the Committee on Public Expenditure* to amploy a elerk. Mr. Keim said if it was tak*d up he had amendment to oiler to authorise the Committee en the Militia, a>s? to employ a clerk. The resolution was objected to from various quart?ri. New Yoax Custom IIovsr. Mr. Lms asked the unanimous consent of the House for leave to introduce a resolution calling on the Secretary of the Treasury to communicate the report ef the Commission on the New York Custom House. This, report contained information which it w.is. .nportant that the House anil the Committee on public Expenditures should have before them, and he hoped there would be uo objection. Objections were raised from various quarters, and it was not considered. Contested Elections. Mr. Lowell rose to a privileged question, which involved his right to a seat on that floor- Ho wished to present testimony in the case, taken in support ot his clain, which he moved to refer to the Committee on Elections, which was agrped to. Petit ion Dat?Abolition?Movement tovhrdS * new Bankrupt Lsw?Protection ros Domestic Manufac'tubes. Petition* and memorials were then presented from the States, in their order, and this business occupied the resi due of the day. Mr. Arnold presented a memorial remonstrating against the repeal of the Bankrupt Law. lie (aid be whs somewhat at a loss what to do with it. The Speaker said the gentleman might move its reference to a select committee, or to lay it on tho table. Mr. Arnold said, if there wata committee on testamen tary devices and contingent remanders. he would move its reference to such committee, f Laughter] The SrrkER said there was no such committee.and the memorial was i.ni on tne fame. Mr.Mmmi Tiir.a gave notice of hii intention to introduce n bill to re|ieal the law for the mere equitable administration of thit Nary Pension Fund; and also a bill to reduce the military forca oithe United States. Mr. Ch tat.? s Baown presented a petitien from the citizens of Philadelphia, praying that all laws which conflict with that clauae of the Const tution which guarntees to the people of this country, life, liberty and the pursuit of happiness, may be repealed. Ha said this might tefer to the Bankrupt Law or to Abolition, as ha sal not advised what peculiar branch of happiness they wishrd to pursue. He would move to refer it to the Judiciary Committee, and ha hoped if tha committen discovered aay law which hindered men in the pursuit of happiness, they would report a bill to repeal it forthwith fLaughtn] Mr. Foaissist a presauted a memorial from gentlemen engaged in the cotton manulacture in Pennsylvania, who deny that more pro'e tion is asked than at any tins since Mid; that they arc satisfied wl'h the protecton which ne.v exists, and would be conten' wi h a less protection than at present, prevnled it were pn. permanent; the memorial also discu a-d the influence of an inflated currency upon our manufactures, and the foreign exchanges, and these questions were treat- d with an ability which he thouglit would ren ler it u >. I'll I far I.urt.o.el of legislation, and )ll> would therein.. move to have it printed, which motion wai agreed to. Petitions praying for thtf repeil of the Bar krupt Lawwere presented by Messrs. Tnirnrrt anil Porr, of Ken. lucky. Mr. CiMrasLL, oi South Cainlins. Mr. J. P Kw>wsi>r. of Maryland, and Mr. Jnsrrir K. Ivnrsaot.L, of Pansy Ivar.ia. Petitions and remonstrance* asrninst the postponement or repeal of the Bankrupt l.aw wars praacnteri Messrs. W. C. Jomosov and Ki:>nor, of Maryland Ronasr,of Delaware ; Zoi.ivn and J. H. Hnaasot i., <f Pennsylvania . Hear Mosnis, Kili.mosk. B*aaaao, and Osiaoita. of New Vork. Mr J. R. laosasnu. presented a memorial frem merchan I, manufactures, and m^cha: cs of Philade'yhi; remonstrating aramst the repeal of the Bankrupt Law, which he moved to refer to the Committee on the Judicial y, with instructions to inquire into the expediency ef bringing in a bill to establish a uniform system of bankruptcy, that the imperfections of the law of the 9th of August, 1841, may becorrected, and its deficiencies sup plied. He asked for the prtvioua question on his motion. The previous question was ordered, and the main question on the resolution of insti actions being put, it was earried in the affirmative?a> es 83, noes 60. Abolition petitions were presented in great number* and variety from the States of Pennsylvania, New Jersey, and New York, which were principally laid on the table, the yeas and nays being occasionally called on them They were of the same character as those presented in the early part of the session, and the same form was gone^ through In their treatment, and therefore we have ileemed it unnecmsarily to repeat a " three told tale," by reporting in detail the proceedings of the day, forthey have now neither intereat nor novelty. The States were not all called for petition* when the Houie adjourned. Baltimore . |Corr?*pou<lcncr of the Herald.1 Baltimore, Jan. 19, 1842?9 A. M.~3 Mr Editor : ? Iti* worthy of notice that ao pleasant weather as wo now enjoy, has never before been expo* rienced at this aeason of the year. Yesterday, and the day previous* especially, it was as mild almost as mid-summer- All that is wanted to deceive us into the idea that spring Waj come, fie to have tho woods mantled with their green foliage. Pleasures, however, seldom come without their opposites.? While we have extraordinary pleasant weather, we have also a considerable amount of sickness? Colds, influenzas, fevers, &e. are very prevalent, and deaths are taking place in an increased ratio. tk> r?..?l _m?_ ui mr. jonn dictum, one ol our old* eat and moat opulent merchants, which took place yesterday afternoon, waa the largest witnessed in this City for a long time. About sixty hacks (each one filled with persons) followed his remains in so* lemn procession to the narrow sepulchre of silence' There was a slight misunderstanding relative to the Post Office move, touching the publication of the dead letters. They were ordered to be taken from th? American, which published them alternately with the Patriot, and given to the Sun, which journal and the Patriot are at present the only authorized papers Others may transfer them to their columns, but if so it is done without orders and without pay. The little luminary had a kind of a glorification over the unexpected transfer, thinking that it might be made tne sole neutral organ of the neutral President The time of its exultation, however, was brief, having only a semi-triumph. Tte diama of Rookirood has been brought out at the Front street It draw tolerable ^houses, bat ie badly performed. The Resumption Bill was still under discussion yesterday in tne Legislature. The House adjourned without taking a tote. Tk? v?-:l ? ? '?"? ' * "" -? 1'imi ii?ui?ni uw lurincr intelligence this morning, relative te the Mobs either in Cincinnati or Louieville. I have no alteration to notice in exchanges.-? Flour continues at ?5 75. Youre, Twist. Philadelphia. [Cerreipendence of the Herald.] Piiiladcli'hia, Jan. 19, 1842. Something very amusing to people here has been transacting at Washington city. The Clay faction in Philadelphia and at the capital, among other hopeful schemes, have been seheming to oust Mr. Tysan from the Commissary Generalship, influenced thereto by hate and fear combined probably?hate because he was a near and fast friend of the good Harrison, and is now a Btrong friend of President Tyler?and fear of him, because he is a man of talent, and has the reputation of an able politician.? Well, after twisting about and 'caucussing secretly ever since the meeting of the Senate, and finding at last, that, except the fact of his being no great friend of Mr. Clay, there was no objectious against him, by which his rejection could be justified before the people?moral character, ability, and fall else being in his favor; and finding that the cammittee onjthe nomination, had reported for the confirmation, and that a majority of the Senate would vote for him; they proceeded, as an ultimate and forlorn resort, to attempt the abolishment of the office! This certainly is one of the most ridiculous moves of the session, and Mr . Clay may find it one of the most hurtful tohimself, if he does not take care. Philadelphia is Mr rlsy's sfrnasbnld- it," hor. lh:il his fiisiidb are most determined and active; but still they are Philadelphians. and will not tolerate any mere factious movement like this, which threutena t< | njurei in a material degree, the prosperity of their city. The Commisssary's department here expends in our UI'IIIIIIUUIIJ atmuaiijr ?v?.? v?? uiwunmiUB UI UOIIdrP, and employrfdtrectly or indirectly two or three thousand pt-rsons in various kinds of manufactures, to ray nothing of those employed by contracts in other sec; tions of the Union. Of these, in this city, probably one thousand nre poor women, who earn a bare livelihood by making the dress and undress uniforms, the shirts and drawers, and other inside clothing- the fatigue caps, &c See., with which the whole army ol the United States is supplied. Then there are shoes, hats, knapsacks, saddlery, tents, flags, all mmufactured here for the army, and aff rling emj ployment to a large number of men and women. Purely the idea of abolishing such an office is ridiculous; it must be replaced instantly by another of exactly similar character, whatever may be its title or name, and if located at Washington, as it probably would be, where labor is scarce, and its price nigh,as it always must be there from that city's position, of course the cost of production to the government will be enhanced in a very high degree. One advantage that Philadelphia has for this office, is her central situation to the different means of communication with the north, south, east and westmaking it the most convenient for cpntractors, ana for reaching readilv the different military posts to which the issues of th- Commissary Department are untimatelv destined. The arsenal building and necessary storehouses are also erected here; the system is completely and economically organized, as the public interest is opposed to a change. Let then MrClay look to it. If this office is removed to Washington?lor abolished in fact it cannot be?Philadelphia i? deeply injured, and he will loose troops of friends in consequence,and the interests of the nation will suffer. If the office is neither changed in location or organization, but merely in name, for the factious purpose of ousting the present efficient incumbent, the people will regard it as a contemptible proceeding?as something very like persecution! And let Mr Clay's friends'look to it then. President Tyler will hardly stand by and see his friend shot down, for no other reason than because he is his friend More than one liali of the office* of the government are now filled by Claymen?the Philadelphia Custom House is full of the ultra kind,rabid anti-Tyler men; where will thete all be if lines are once drawn by such a movemeit as this ! Not in office, surely! The transactions in stocks to-day were to a medium amount, at prices much the same as yesterday, except a further rise in State Fives, Bank of North America,and Wilmington llaiload. Exchange on New York is a little up to-day?54 to 6. United States Bauk notes, and other depreciated paper, as yesterday. The inaugural address creates but little interest here to-day, not half so much as does the election ot a democrat by whig votes, to the office ol State Treasurer. The only objection that the democrats can have to Mr. Mann, is that he was not agreed on in caucusThere was a very good house at the Chesnut street theatre last night, and ready the acting was in every respect worthy ot it. Mrs. Sefton, as the "White Milliner "was exceilrnt?Mise liildreth belier than 1 ever before saw her, in a light character; Jfichingsand Plncide good?in fact all, aud especially the female potuon < I the actors, were Uv-..ll-nl I .ul . I k- ruiu.ati.1 The old black woman, Mary Walker, who killed Catharine Murdock lasi summer, in Lombard street, while " tunning a muck," or. trial tor two or three days past for murder, was acquitted this morning by the jury on the ground ol insanity. Quite a crowd was gathered last night at a wharf in Kenrington, on the ncr t-ion of a young girl attempting to drown hen.' It m consequence, as she alleged, of the persecution* of her father. She was seized ay a bystander at the moment ?>he was about to take the fatal leap. One ol the mobt eloqut nW lectures of the season was delivered last night bv Ohas J. Petereon, Eaq., before ttie " Wilbur Fiak Institute," on the treason, life, Arc. ol Aaron Burr. Philadelphia, [Correepoadence.of the Herald.j Philadi ixim, Jan. 19, 1S-I2. Ja.me* Gordon bewssr DEAR Sim (?ur entire community are crying out, reform and retrenchment. We hear il in thundering eloquenpe from our capitol hills, from Wa hingion, and froaa I larrirburg. Our Solotis, at each af those places are d lily and ht urly telling the dear people,their constituents, that the only means of .-anng the country! a id its credit i* to change entirely their mode o life, disf ense with their carriage? and horses, aa well s with all extra n?nra*t9, \*c. ftc. These ar,?ti n?s, so frequently and libera J dispensed, have