Newspaper of The New York Herald, January 27, 1843, Page 2

Newspaper of The New York Herald dated January 27, 1843 Page 2
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? ^ I MIIWI? s?g arrived of tha conclusion of |>?ace with China, an J of complete success hav ing attended our arms in India, whereby the po ver and influence ol Great Britain were re-established, that despondency an I hopelessnesa which had tor so in<iny weeks darkened the horiion, at once were dispelled, and 111 place of the disheartening anxiety before asiating. vivid anticipations of future advantage at one* iron*. NVw markets and the supplying the wants of millions nt individual* hitherto shut out from Ktirotwan intercourse, were opened in idea to our view,by w inch r.ot only the previously over-stimulated m <nufarturing energies of the nation might find present rebel, but where ample space w.u to he sdorded tor lurther developement and s'lll m "u in r?a?ed activity, and a people almost unknown to us were to become tributary to the industrial powers of this country. These expectations still continue, end by their force have given an impulse to all branches ol traj and manufactures, and though the ardor ha? > > apoi ated w hich distinguished the operauons of the m?i iim-r ? I . ?? kucceeiiing me receipt 01 ine iiiiriii gence, (the tales in that period being 110,000 bales) am! though the first ebullition having subsided, there hat b?eu | a partial reaction, general appearances have greatly im- , proved, and theprotpectt of the country teem again most animating. Property whi tl before was worthiest hat recovered a value, and hope has succeeded to u hat, a short time since, was comparatively despair. One of tliecau sot, and not the least, of the suffering of the last few years intrude, hat been the mode in which the joint stock banks have conducted their proceedings. Founded originally I upon a just principle of affording greater security to the public, they have in some cases degenerated into instru- | merits of private jobbing, and been wielded mainly to lurther the personal advantage ol directors, the property of | shareholders being too frequently appropriated and sacri- , ficelto individual purposes This subject lias been so of- | ten alluded to, an 1 is a matter so universally conceded, that had not the general breaking up of the Bank ol Manchester in October las: again directed public attention to the subject,it would have been unnecessary again to revt 11 to the iujuriouiness of the system. It will be recorded hereafter as an example of most extraordinary incompetency, thst the establishment in question in, the short space of twelve years, though founded by parties of the highest respectability, and consisting of a most unexcep110iia de proprietary, inTolued itself in losses to the extent ol jt'KXi.OOO, whilst by deviations from the right principles of banking, and by looking to the payment of dividend as the paramount consideration, manufacturing establish menu of various kinds vvero called into existonce unnecessarily, whereby, in raising undue competition, the fortunes of the legitimate and prudent trader were wholly destroyed. Though, perhaps, one ofthe worst of its kind, the institution alluded to is only a type of others of a similar nature, and whilst joint stock banks faithfully administered and and conducted upon correct principles, especially as they have been in this town, will be fonnd to be of great utility to trade, there is no doubt, prrticularly where they have the power ol issue, they tend at times to create financial embarrassment and difficulty. But apart from these reflections, which ate merely incidental to the gr at question, and only attect it indirectly, though the errors ol banking partake of the nature of a public as well as a private injury, we have in conclusion to aonsider w hat, under all ihe present bearings of the case, may be fairh looked upon as the probable direction and character of the Cotton market during the coming year. And here it behoves us, from the experience of the past, not to , be too much elate*) nor too sanguine, nor to imagine that after so long a period of endurance and suffering, and wi*h so much capital annihilated, an entire restoration can at once be witnessed. The return to a state ol health after so complete a prostration may be slow and tedious, but all the elements of amendment are apparently at work and it is difficult to suppose that the result should not be satisfactory. Money is singularly and unprecedentedly plentiful?the Bank of England having by the last return upwards often millions of specie in its coders?the stocks ot goods and yarn on hand are circumscribed, and though old sources of demand and accustomed markets have been injudiciously closed, others that are new and promising have, on the other hand, been opened. Peace seems not likely to be disturbed, and least of all with those countries which, in a commercial point of view, are most essential to us. The points in dispute that threatened most serious, ly to interrupt the harmony existing bet ween Great Britain and the United States are, it is to be hoped, for ever set at rest, by a mutually conceding treaty, and there is an expectation that the tariff now in force operating against British manufactures will be rescinded. Prices of corn and the first necessaries of life are low, and taxation has been so modified, that the pressure is in part removed from the poor to the comparatively richer classes. All thes- circumstances seem to indicate a moderate but steady advance in price during the coming year, the only contingency adverse to such an effect being an excessive crop in the United Ststes, whereby the market would continue to be so amply supplied as to frustrate all calculations of improvement in price. Such n chance is undoubtedly possible, but it is hardly probable ; for though the 1 sea?on has been upon the whole a favorable one, yet the last a tvices state that, by reason of frost, the picking had nearly terminated, and if this lie the case, it is not reasonable to look for a crop exceeding 1,900,000 hales, or an amount not more than sufficient to meet the probably increased consumption. The quality of the cotton arriving is already beginning to be so inferior as to justify the truth j of this estimate, and to negative the idea of aa excessive growth; the miscalculations which were fallen into last p year upon this subject being such as ought to make a ua distrustful of statements which are set forth in the early part of the season, lrequeutly either upon ti vague grounds or from interested motives. It is true that up to the last dates the receipts into the ports had heeu very large, but this, it is J' contended, is not a decisive indication of crop, since, in \ the year 1849,or the year of the largest growth yet known, , the receipts into the ports at the same time only differed " from those ol 1838, or the year of the smallest growth, by p 18 0*0 hale?, whilst ultimately the one crop was found to creed the other by no less than 819.900 bales. Not un- P drrrating, however, the possibility that all our anticipa- e 11-?ri? may prove eToneous, and that some very unexpect- l i d occurrences may derange the whole tenorof our reasoning an 1 convert what is now only encouraging con- a jocture into its op;>osite certainty, yet', as far as ordinary loresight can determine, there seems every reason to look for ward with confidence to the next twelve months, and c to foresee in their steady course seme compensation for those lisisters which during so long a period have depresse 1 and paralyzed the commercial world. Liverpool Cottois Market, Jan. 2?To-day being part holiday, we have not had much business doing, the sales only amounting to 2600 hags. There is no change in prices. The sales on Saturday were 3000 bags. Ian. 3? There w as no change in the tone of our market to-day. The sales amounted to fully 3000 bales of all des. criptions, the prices being the same as on Friday last. The market closed steadily The cotton trade has partaken of the improved feeling which exists. The average weekly consumption, during the year, throughout Great Britain, has been 32,315 hags, of w hick 17,178 have been American The imports show an increase of 111,0 >0 American during the year, as compared with the preceeding year, while the stock is estima- I ted at an increase of 55,000 bags. The new cotton crop is a reaching this port in large quantities from New Orleans, c Mobile, Charleston, Savannah, and New York ; and the ^ belief is general that it will reach two millions or two j millions and a quarter of bale*, of which a million and a quarter at the least, may be expected to reach this country. The prostrate condition ot the cotton trade in the manufacturing districts of late, has kept the price of the raw-.'material very low,but it has now reachedlits minimum, in all probability, and better rates may speedily be looked lor. Liverpool Con-* Market, Jan. 3.?The arrivals into this port since Tuesday last comprehend, chiefly, a limi . ted quantity of wheat, a fair supply of oats and flour from Ireland. During the same period the imports from abroad comprise a few parcels of wheat, flour, and beans, from Canafa and Egypt Influenced by the improvement in London yesterday, the trade for all descriptions of wheat, at our Corn Exchange this morning, exhibited a firmer aspect than ot late, at an amendment geaerally of about 2d per 70 lb. over the rates of this day se'night ; the ad. vance, however, not being freely paid, and having very few country millers in attendance, the operations on the whole were in amount only moderate. States and Cana dian flour were more difficult of sale, hut Irish in moderate demand, with little variation from the terms noted on Friday. Liverpool Tobacco Market, Dec. 30.?There has been an extensive demand this month, and the sales amount to 1853 hbds, o' which 489 were Virginia leaf, 461 stemmed, I 235 K?ntucky leaf, 892 stemmed, nnd 1 Maryland. Of 1 these 434 were for Ireland, 126 on account of Scotland, 261 j'*r \;xm*T.Jon, oy xae uwie, hqu iwi i?r??ir. w? the Kentucky leaf sold, about ISO were by sample, of to- I bacco lying in London, the stork of this kind being ex. ? hansted hero. Virginia leaf steady; stemmed have ad- ; ranced about id per lb this month, and nearly Id within the last two or three. Kentucky leaf steady; stemmed have, however, receded in value $to id per lb. The import o< the month has been 1,004 nbds, and the deliveries ! 1,192 hh l?., of which .366 were for home use. 171 coastwise 177 for exjiortation, and 469 for Ireland The import of the year has been 13,129 hhds, ot which '2,605 were Virginia leaf, 1,909 stemmed, 623 Kentucky leaf, 6 287 stem- < med, and 4 Dutch leaf; there are. also, unsampled, hut include t in the import and in the stock, 1,701 hhda,of which 802 are from Virginia, and 999 from New Orleans. The deliveries of the year have been 9,921 hhds, of which 3,907 were to manufacturers, 1,036 sent coastwise, 3,399 for exportation, and 2 679 for Ireland The sales of the year amouni to 11,493 hhds against 9 921 in IBti, and 11,632 in 1840. They consisted of 4 SS6 Virginia leaf, 2,239 stemmed, 1842 Kentucky leaf, 3480 stemmed, 36 Marylands, and 11 Canadian; of which 3,464 were taken for Ireland, 497 for Scotland, 2,871 for exportation, 690 on speculation, and the remainder, or 4,981 hhds. by manufacture r?. Liverpool America* Provhio* Market, January 3*. Lard?Several parcels arrived this month from Canada ml the United States, which have been sold freely, and j generally ex ship, at rather lower prices. Good qualities cannot be sold in quantity above 41s, seconds at 40s,w hilst inferior and brown are at 39s to39? percwt., and the two latter are interb red with by the warm weather limiting their use We would prepare our frien fs for some decline ' in prices when the new supplies shall come forward freely D'-af and Pork?.the mar ket has been literally inunda tod this month, principally with ? snadian imports, the aggregate imports having been a 800 packages ol pork, ana 3,960 beef. The lew sales made in pork have been for ship's use or export, scarcely any having been taken for home use The same remark applies to heel. A fine I parcel of new fram New York has brought 76? per tierce r for India,72? 6d for navy, and 66s for mess Cheese?con. t sldershle parcels have come in this month, early in the i month the sal. s were at low rates, hut of new lately en better term?. Good qualities are safe, if they can be supplied at our currency. Unmi ? Dry hams'are iiquired for Wet are difficult to sell, and there is room for much improvement in the mode of curing thia article. Chre** ? Fin. cheese it in fair request, hut the middling an 1 low qualities are alow of sale. The stock of this article consists of 233 tons. Lard?Is in light stock, and the next arrivals will sell reidily. H in A ! .< 'mall lots of Canadian tsutter hava found buyers, and a> <>nnder?ble parcel is advertised for public sal* on the loth inst. .JiSrs The leina t for ashes has been limited for a week or ten days, but during the previous fortnight a snnm'vhst better inquiry wus experienced for both Pot and Pearl nt 3b< fort e (owner, and 80s 9d to Jls lor the latter. Prices are unvaried. Coffti \ rathe ex' ;.siv< axle existed for British plan tationn about the mid lie ol December, end a few lots fine realised 4i to 6s advance, but since that period the inquiry has abate I 39 barrels ol fsir middling l.aguayra brought IM, aadflbtuigs of Costa Rica 61s per cwt H.d.i -At ? publi tale bald abeut tbs.uudJU el De ?- "N .? camber, MO salted New Orleans brought 4?d par owt. The demand generally has been dull of lata, with little variation in prices. Otis?Fish oils hat < been in moderate request at previous rates. Oil of turpentine has met a dull inquiry at the reduced quotations Olive has been neglected, and a few mall lotsof Palm oil were ?old recently at S3 pounds i hillings to 3i pounds 10 shillings per tun. Pale Bape and l.inseed oil have been in flat request at a slight decliue. Riet?The trade in this article has been dull BOO bales d Bengal have cht'.god nun,Is at Si M for small to lit 6d , r , ert fine vt bite. Seeds? Fin* seed has met a poor tale, and i64 brla. of Vmetioaii clover send were offered by auction, hut did ot meet with buyers. Sumac?The sales in this article have been quite uuim portaul. ... Salivelrt?HtLt been dullof lntejthd sales reported last week nave been disposed of at 49s. Tallow? Ha? been in unusually flat demand tor the season, and prices have receded a point, but the moderate stock has presented any material reduction. A parcel of food New York melted, biouglit 4bs Od per cwt; a small lot ol very line North American was sold at 49s, and a parcel o! New Orleans mixed bat a portion very good, was purchased at 45s Sd per cwt. Ftirprnline?Has been in fair request at steady prices. Tar?blO bbls American tar ware sold by auction at 10s jd to 10s 3d. No sales by private contract have beea re. ported. State or Tsade.?Manchester.?We have had m extensive enquiry tor most kinds ol cloth this week, at an advance on moat descriptions, and he market closed very buoyant. Should the commercial news from China and India be iavorable by the next mail, we may hope tor a still further improve, ment. Twist 1s unusually firm, though not generally nigher, and many spinners refuse to sell unless st an advance. On the wholu, we are this weak decidedly more healthy. Rochdale Flannel Market.?To-day, though there has bean but a thin attendance of buyers in the market, there has been a very fair demand for flannels, considering thetim-of the year. For some months back, pieces have met with a ready sale; but the manufacture!s have not been able to obtain an advance in price. The wool mar krt still remains heavy; the dealers expectiag a rise from an increased demand for goods, and the manufacturers be idtf uniDic 10 give an advance until tney are ?u?d?ii iu sell their piece* proportionality higher. Halifax.?We cannot yet repert a very active demand in any branch of our trade, there it, however, more confidence than ha* been the ca*e for some time paat, and the general opinion (rem* to be that a revival may bo coufidently anticipated soon. Hl'ddf.r*fibl? ?Thi* being the last market oi the year, has at all times been considered a nominal rather than a real one; and, as we have of late an universally alack demand, it iitoo much ta expect that we (hould have a re. rival to-day; indeed the market waa duller than any previou* for some time past?a thing, however, which all expected. Surely things will improve with the new year. Bradford?We had, considering that this was what is termed a Christmas market, a fair attendance of buyers, who brought, on the whole, an average quantity of goods; and, if prices are aot higher, the market must be called not only firm hut buoyant, and things are more healthy than of late. As spinners continue to work short time, they are enabled to support late rates in yarns, but the demand is by no means equal to what it should be. Hambcro?In the returns of the trade of Hamburg it is stated that the imports ol raw cotton were less by ll.ttOO bales n 1841 than in 1840, whilst at the same time the stock on hand at the close of 1841 was I* ,u00 bales against 10,800 bales only at the end ot 1S40.? The cause assigned is the stagnation of the German spinueries through the competition of those in this country. The masses ol English yarn exported upon the German markets brought down prices to the lowest point, so that [he spinners there limited themselves to such supplies of raw material only as were rigorously necessary not to :lose their factories altogether. The quantity of cotton yarns received lrom hence in Prussia and Hanover was estimated at 3,">,000,000 lbs. Amiterdam Markets, Dec. 28.?Owing to the holifnys, and the advanced season, little or no business was lone since our last, and the transactions in most articles were limited to the direct consumption, particularly Coffee, though no purchases could he made under our last quotations. In unrefined Sugar, save a tew small parcels Surinam of 24 to 25 fl, nothing took place. In Cotton no laiei come 10 our Knowledge, though it appeared that loldera would not have been unwilling to disposs of part >f their stock. Of Tobacco, only 24 hhdi Maryland "ouud buyers. A parcel of'Jd sort New York Pearl Ashes net with a sale at 17] (1 in bond, 1st sort being held at 13] n bond, and Petersburg at 13 11 in consumption. Some lanca Tin sold at 33] fl. Albany. [Correspondence of the Herald.J Albany, Wednesday, Jan. 26. The mild weather with which we have been lessed for the last two weeks or longer, has dearted, and it is now as cold as Greenland, again.? L night or two like last night, and there is an end o navigation for the present, at all events. The exciting question of State Printing being adasted, the Legislature are now driving business vith a zeal that gives an earnest of that great deaileratum, a short session. Still, the talkers, the peech-makers of both houses, have had ample oportunity afforded them, for a display of their powrs. In the Senate, for the last two or three days.we ave been treated to long political harangues, having s much to do with the legitimate objects ot legislalon as woodsawing, by Messsrs. Hoot Foster, n the House. Mr. Hathaway yesterday and the ay before delivered himself of a long political haingue in reply to Willis Hall's, late speech on the iovernor's message. Col. H. ir. by far the most leasing speaker in the house, and although a young nan is second to none in talents and industry. You will perceive that bills have been introduced n both Houses relative to the construction of the sew York and Erie Rail Road. They are eseentialy similar, and it is likely will be looked upon with avor in both Houses, and in all probability one or he other will be adopted. There are many, how vrr, who doubt the propriety of the State's extendng its aid to the company ,in any shape whatever. Mr. Nevill offered a resolution yesterday calling >n R. M. Blatchford, Receiver of the Commercial lank of the city of New York for, a report of the imount due the bank, with the names of all the Irawere and endorsers of the paper on hand, ind the amount now due from them respectively.? lut Mr. W. Hall rising to debate it, the resolution, inder the rule, lies on tne table. A petition had been irevioudy presented by Mr. Hall, trom the Receiver >f the Bank, asking for an extension of the time for naking the second and final dividend among the ireditors. Tne House have done one good thing? ind that is to put a veto this year upon the perambuating State Prison Committee. There has been no jood resulting trorn the labors of these Committees n previous years, and as it has been no inconsiderate item of expense to the State, it is high time, especially in these days of economy and retrenchment, hat they were discontinued. The mechanics or heir interests will sufier nothing by it. The war between the ultras and moderates of the lernocratic party, is still being prosecuted, on one iide at least, with great vigor. The Atlas of this norning has a most ferocious and savage attack ipon the new State Prin'er in particular, and the >ld regency in general. The Argus takes no notice it it at present, but it is likely will watch its opporuni'y to reply. It is considered that Governor fouck sides with the latter, and this supposition has et the office-seekers all in a turmoil again, striving or Argus, influence and the liks Mr. Van Dyck submits to the public a long statement of his side of the case, in the controversy that ias existed between him and Mr. Croswell. He iavs it was denied publicly in the Argus, and he, therefore, inserts it in the Atlas. We shall see u.'h*rp thp ncYt tjhnt rnmpsfrnm Ih the Legislature to-day, there wa? but little business of general interest transacted. A grand State Military Convention commenced itssimngs in the Assembly Chamber this atternoon. Its object,I believe, is to aid the military committees of the Legislature in revising and remodelling the militia syst> m of the State. Its session will be continued from day to dav Of local news, the city is quite bare. Johnnv Cook'rtlllra'-s Hand have tiek> to out tor a grand ball to-night j?t Knickerbacker Hull, and as Johnny seldom moves without exciting a commotion in the elements, it seems now to be setting in for a regular mow Morm. Sr-vtoN. Superior Court. Bclora Full Bench. Ja*. 20?Dbciiio*.?C. K. S. Kane va. Robert Van Zandt.? It appears in thi* cane that an execution had been lent to Queen'* county ?that the defendant had aold a larm there belonging to defendant, hut retimed to pay over the money. An ordsr wan maved in Chamber* for the sheriff to bring into thei* Court certain money* made on the execution, and there refund to the lull bench, before which it wa* fully argued. The Court uatained the defendant'* poiition. that in thi* (a*e they had no juriadiction. McKeoD for plaintiff; N. B Blunt for defendant. Circuit Court. Before .fudge Kent. JA"*- JO?morns J\fic'iuw, ei ais. v?. rrtnimm n. lot* nefc ?Thin is an action to recover back certain note* deposited aa collateral security with William B Jnaanp, who vas a sort of agent lor Mr Morgan. It ia a case of the mar description aa haa been tried in the Muparior and rther Coups several timna, in which Meaara. Jesaup and Morgan have been concerned. Thomar FVtsenden, attorney for plaintiff. D. F.gan, attorney tor defendant. Ilurkltrt. UiM?._Verdict of the Jury in thia caae, for plaintiff ot *17,170 40 The Jury did not leaee their seat* !' S. District ( onrt, Before Judge Betta. Jsn. 7?.-Daemons ? /n.? l>?vid M. Balm and John H. Parki.?The Judge decided not to interfere. Remedy by legal process. Samuel King. The matter ia referred back to the Commisaionera, to have the facta atated with diatinctneaa and certainty. ,'laron am*.?The bankrupt allegna that he had aoma 400, but that it waa stolen from him Thia account is liacredited ?looks like prevarication and deception. The Judge taid he waa by no means satisfied that the bankrupt lost the money The objections were sustained, and all proceedings stayed Ett is* (JilltndiT ?The amendment allowed, and aa both parties are irregular in their proceedings, coats are de ureed Hi neither NEW YORK HERALI)" "< r w York, Friday, J an mar jr '47, 1843. Tit* News from England, which we give hi considerable length in this day's i>nper, possesses some culiar and remnrkable (eaturea particularly iu the tone of the English newspaper press towards this country. President's last message, which it seems is universally condemned by the British press of all parties, in reference especially to its tone on the State debts This message is characterised as " pompous," " arrogant," " ludicrous," " d shonest," " pettifogging," " shabby," "short," "condensed," "plain," "inaccurate," " ungrammatical," "grandiloquent," "frank," "intelligible," "national," "defensible," " oatrich-like," See. &c. All these cinRular and complicated observations arise altogether in reference to the State credit and State debts. Pay these chaps their principal and interest of about $100 000,000, and then they would consider us gentlemen again. But where's the money to come from ? The Meeting in Cape Tortow.?The meetiug of the victims of Peter 11 iersen, the ftane, held yesterday at the Cafi Tnrtoni, 130 Broadway, (a mo t admirable restorant, on the plan of the famous C'iff Tortoni, of the Boulevards, Paris,) was a very large and interesting meeting. It was composed of nearly a hundred persons of respectability. The meeting was regularly organised, and each person stepped up to the tribune (a chair in the centre of the room), which was called the "stool of repentance," and there gave an account of Peter's operations each upon himself. Some most remarkable and curious developments took place. A full narrative of each particular tale, to the facts of which each gentleman will testify in court, will be given in the Herald, probably on Monday next, when an engraving of Peter's face and form will be given. This is one of the most singular cases in the science of Jerry-Diddlerism that ever took place in this country, and would make a most capital drama at the Chatham Theatre. The victims must agree to meet to-morrow, at 12 o'clock, at the same place, to retouch and finish the expos?. Webb in England.?The " London Times"gives the following account of Webb's duel, and our efforts to get the chap a pardon :? The indi-tment of Colonel Webb is a common topic of discussion among all the American papers, since not only does the well known character of the prisoner, as editor of the " Morning Courier," render him an object of interest, but the measure of justice with which he isthreatened is so very severe, that it would seem the judicial authorities aie determined to make an example of him, for the general prevention of that habit ot duelling which is so prevalent in the United States. The Colonel is neither indicted for giving or receiving a challenge, but simply for leaving the State with the intent of giving or receiving one. ???? ? Marshall, who would have been his antagonist, in consequence of several violent articles in his paper, was without the reach of the laws of New York, not being a citizen of the 8'ate, and the offence not having been committed within its boundaries, the Colonel remained the ?ole object of judicial prosecution. Having pleaded guilty to the indictment, Colonel Webb was committed to the "Tombs," there to.await his sentence. The journalistsof would seem, with almost the eingle exception of the editor of the " Journal of Commerce," have sunk all political feelings, and joined in petitioning for the clemency of the Executive?Mr. Bennett, the editor of the "New York Herald," and, it is believed, a personal enemy ol Colonel Webb's, having, on this occasion, taken the lead in his cause. The result of these proceedings may form so important an epoch in the social history of America, that the case cannot fail to be regarded with iatereat by all who are watching the progress of that country. All very correct, except in one point. We are no enemy of Webb's ; iwe are hib best frie.nd?his mentor, his adviser?but he is such a savage that he won't stay advised. Latest Literary Intelligence.?Public anxiety respecting the long-pronvsed novel by Bulwcr, "The last of the Barons," is at length to be set at rest; the early sheets having, as we learn from the Langleys, been forwarded by the steamer, which has just arrived, to the Harpers for rcpublijation. Anew novel of James', entitled " Forest Days," has also come by the same conveyance. We understand no London publisher has yet been found courageous enough to venture upon the republication of Mr Lesler's recent popular work, "The Condition and Fate of England," on account of the belligerent character at its cob- } tents. This has not, however, suppressed the de- j mand for it, which has already become considerable i and bids fair greatly to increase. Norman's delight- I ful work on the American Antiquities in Yucatan, has just begun to excite the attention of the English reading community, and we hear that orders for additional supplies have been received by the publishers to the extent ol 5"W copies?the best evidence in favor of the intrinsic value of this popular work ; something less than 20,000 copies wil be the extent of its career. Melancholy Accident.?We have inst learned that the sloop General Lewis, Captain Lewis, of Northport, L. I., loaded with hay, poultry. Jcc , was capsized off Matinecock Point on Tuesday last, in a snow squall, and three lives lost. She left Northport that morning with a crew of four persons, and three passengers. The disaster occurred at two o'clock. All hands clung to the wreck while she drifted to Peacock Point, where she went ashore about seven o'clock in the evening, i It was cold and blustering and the three last died from exposure and exhaustion. Of those dead two were passengers and one was of the crew. The body of the latter, whose name was Piatt Buntz, has been recovered, but nothing of the other two has been seen since the accident. One of them wa9 named Onderdonk. He had on a dark colored cloth cloak, with cord and tassal9,and wore a glazed cap, marked on the inside J. O. His shins were marked Andrew Onderdonk. No name or description of the other passengers has been given. Captain Lewis did all he could to save poor Buntz, and held him on to the wreck for hours, but a heavy sea finally swept him from his grasp. Those saved were nearly dead when taken from the wreck, and they probably would have soon died, had it not been for the praiseworthy exeniona of Joshua Kirk and Samuel M. Titus, who carried a large boat a distance of four miles over land to where the vessel was ashore. In this they brought the survivors to dryland. Olympic Cincus ?This grand establishment has experienced a course of unexampled success from the night of its opening. The audiences have been nf tli* mnaf Krillianf rKara/?f<ir irxtoorinuKU? from pit to dome with the beauty and worth of our city. The entertainments are all ol the highest excellence, embracing acta the moat beautiful and refined in horsemanship, the most astonishing in dexterity, and the most wondrous in feats of personal strength?whilst the racy and original humor of the grotesque portion ol the performances, keeps the audience in a continual roar of laughter. All who seek after genuine amusement, can find if here in its greatest variety and perfection, and as parties of ladies and gentlemen have been repeatedly disappointed in procuring seats after the doors are opened, we advise all to secure places at the box office early in the day. Chatham Thf.atrk ?Since the reduction of the prices of admission to this favorite establishment, the character of the audiences, so far from deterioating, has been much increased in qualry and respectability. Some have an idea, that a cheap style of amusement cannot secure countenance from the votaries of fashion ; but in this instance they are immeasurably mistaken. It is really gratifying to witness the splendid array of loveliness and fashion which nightly graces the dress circle, and the infinite delight manifested by the audience throughout the entire performance, plainly betokens the sense of the community. With tact, talent and energy at his command, Thorite can surmount all trifling prejudices, and place his beautiful theatre, where it deserves to be, on the highest pinnacle ol popular esteem m.ity or the Sun Office.?On several recent occasions, on the arrival of the news here by theCunard steamere at Boston, we have been disappoint* d in noi receiving at the proper time, our papers, packages, mid extras sent to us by our Beaton agents, \estcrday the same thing took place, and on a lull investigation into the facts, we find that this rascality and meunness have been perpetrated at the Sun office, us appear by the following affidavits, recording the truth t? City and County of Now York I*.?James Mitchell, residing in Ann street in the said city, being duly sworn, says, that he is employed at present In the office of the New World in Auu street, that deponent was sent down by H. O. Daggers of the New World ottice, to the toot of Peck slip, on board the steumer New llaven, for bundles, which he expected from England, by the way of Boston, in the steamer Caledonia; while there the conductor of Adams' ti Company's Express came ashore with two bun dies and a carpet hag, which he threw into Adams h Co's waggon at the head of the wharf, and deponent thinking one of the bundles was for the New World office, jumped into the wagon also to ride up When the wagon, with de|ionent in i;, had arrived in Fulton street, between Wil11? ? it . 1 II cm III MUU HHkUll, IUK LUIIUUUIUI jUUi)>cu vi? v? loose paper* in liis hand, which he took out of the carpet bag and went off; that the driver then told deponent to come on the seat of the wagon, and picked out a bundle for the "Sun" office, which office the wagon had then reached; anil as Francis Holland, who accompanied me, was lifting a bundle enveloped in a . ewspaper and directed in large letters "Herald Office, New York City," Moses Beach Jr , son of Moses Y. Beach, propri 'torof the "Sun" newspaper, snatched said bundle Irom said Holland's bunds, ran with it into said "Sun"' office, threw it under the counter, and said laughingly that it was all right; that deponent then gave a small package of English papers to a person standing by who carried said package up stairs That deponent, accompanied by said Holland, returned in alnjut half an hour and asked Moses Y. Beach to pay them lor bringing up the papers; that said Beach replied he had nothing to do with paring, but that they must wait till his son Moses came in; that in about Id minutes after the extra "Suns" were issued. JAMES MITCHELL. Sworn before me this30th day of January, 1843. STANLEY SHERWOOD, Commissioner of Deeds. City and County of New York, as?Francis Holland beingduly sworn, saitn that he accompanied James Mitchell above named, aa repreiented in the above affidavit, and that the statement of sai 1 Mitchell contained in said affidavit, is correct. FRANCIS M HOLLAND. Sworn bef< re me this 30th day ot Januarv , 1843. STANLEY SHERWOOD, Commissioner of Deeds. City and County of Now York, ss.?Patrick Frile, residing corner of Fulton and Nassau streets, up stairs, being duly sworn saith, that this day he went into the " Sun" olflce, a little while before the "Herald" extras were issued, and shortly after the issuing of the extra " Sun that de ponent saw a man in said " Sun" office, with sandy hair, who took from under tho counter one of the Boston Extra " Heralds." PATRICK X FRILE. Sworn before me, this twenty-sixth day of January, 1943. STANLEY SHERWOOD, Commissioner of Deeds, lie. { Such conduct hardly requires any comment. It deserves puniahment, and accordingly we shall make an application to-day at the police office for a warrant against the parties implicated, and present the case to the next Grand Jury It is very similar to the transaction of a former day, in which the "Sun" people appropriated to their use the President's Message, received by express for the " Courier k Enquirer," and for which they were indicted and punished. Brutal Outrage.?Last evening, about 8 o'clock, us Mrs. Johnson was passing through Pell street, she was seized by a gang of ruffians and dragged into a slaughter house, in that street, where her person was most brutally violated by five or six of the villains. She was discovered in an insensible condition and conveyed to the watch house, where she experienced a succession of violent fits, and was in nearly a state of utter distraction. Medical aid was procured, but she yet remains in a precarious condition. The affair witll undoubtedly be in vestigated this morning, and we trust her brutal ravishers will not escape their well merited punishment. French Steamships.?We notice with pleasure, that the French government have wisely decided to send their mail steamers to New York. We stated, some time ago, that they would do so. See Foreign news for further particulars. Foreign News.?We are under many obligations to Adams Co. and Harnden 5c Co. for the early delivery of our foreign packages. We think that the f ormer should be considered Eclipse and the latter Fashion, for the former came in more than half a neck ahead yesterday morning. The Burns Anniversary Dinner will be found in the Herald of Saturday morning. The crowded state of our columns with foreign news, excludes the report this morning. City Intelligence. Caution to Families.?During the month of November lait, three children of Mr*. Bridget O'Brien, of 133 Walker street, were attacked with a scrofulous affection of the head, and after applying several remedies, without effect, she was induced, through the recommendation of a woman named Margaret Weir, to make a decoction of arsenic and whiskey, to be used as an outward application. The result was, that one of the children, named Ann, aged five years, was taken sick within a few days past, and died on Wednesday evening from the effects of the arsenic and whiskey. The other two children are dangerously ill, and are not expected to survive. Bankrupt List. SOUTHERN DISTRICT OF NEW YORK. James Lonmer Graham, New York, Counsellor it Law. Erastus Belden, Chatham, Columbia county, blacksmith. Jonathan W.Vincent, Spencertown, Columbia county, student at law. Ami Holdridge, Village of Red Rock, Town of Canaan, Columbia Co , maaoa Horatio A. Carter, New York, auctioneer. Asshel Jonas, New York, clerk. Washington Cilley, New York, hotel keeper. William McRoberts, New York. Lolhrop W.Chapin, Brooklyn. John Lawton, New York, mason. John Rust, New York, broker. Joseph Crawford, New York, merchant. viartin m. Lawrence, New York, watchmaker. Robert 8 N. Anderson. Angeline Brown. Oeorge W. Smith. Charles Poatley. John W. Hull and Abaalom H Smith. Henry Bluk* man. Tut Rival Museums?We have now two Muieumi open on Broadway, the famed American, and Peale's re-opened under a new manager. The first boasts of its six immense halls of curiosities, its superb cosmoramar, a magnificent lecture room, with nightly exhibitions, its dioramic spectacles, tunny fantoccini, vocalists and dancers and that really astonishing wonder Tom Thomb, Jr. The latter has a handsome collection of curious and scientific specimens. A large picture gallery, and for an extra att action the celebrated French Fortune Teller, Madame Adolph. The public can see at a glance which they ought to prefer. OOP- THF. WORLD TRIUMPHANT !-Flve new works for I2J cents monthly. The publisher of the New World having determined to exclude all continued stories in the regular weekly issue, announces his intention of giving the whole s Ties of the new works, by their popular authors, Dickens, Lever, Ainsworth, and Lover, in one extra number, immediately on the arrival of the Eng lish steamer, and continue to do the same each month, heioafter?thus furnishing the latest productions of these authors in advance of every other establishment in this country, and at a price which will not fail to meet tho public approval. The following are the titles of the Novels, the first numbers of which anjieared in London on the first of January, 1S43, and which are published in an EXTRA NEW WOULD. THIS DAY, Price I24 cents; and for sale at the office .10 Ann street, and by all the newsmen. The Lives and Adventures of Martin Chtizzlewit?a tale of English life and manners?By Charles Dickens, author of "American Notes," "Bsrnaby Rudge," "Nicholas Nickelhy," kc Tom Burke of " Ottrs"?forming the second volume of Our Mpss? By Charles Lever, Esq , anthor of "Charles O'Mallev."" Jack Hinton."kc. kc. Mr. Lover'a now work, L. S. D., or, Account) o( (ri?h Heirs, furnirhed to the public monthly, by Samuel Lover, Accountant for Irish Inheritance!. Windaor Caitle, an Hiitorical Romance?By W. H Ainsworth, author of "the Miter'! Daughter," " Ouy Fawkea," " Tower of London," lie. The Loitering! ol Arthur O'Leary, by Charlea Lever, H?q , rnthorof" Our Men," "Charlci O'Vlalley," Re. lie. Aa thin edition will he iaaued in a beautiful octavo form, at one.fourth the rout of nny other, we jmtly anticipate a very large aale; therefore we of our agent! and othera, immediate ordera. Thia will hu the firat tind heat American edition thene popular worka. Terma- I Jf rent! aingle?eight dollaraper hundred. J. WINCHESTER, Pnhliaher. (fly- IF THERE IS ANY ONE WHO STILL douhta the efhe.acy ol Oldrldge'a Balm of Columbia, from ( omatock fc Roaa, ili Magar.ine atreet, to reproduce the liair on bald lira la, or preaerve it if it haa not fallen out, and keep the head entirely free froin dandruff and acurf, they have only to make one trial of it to be convinced that all we iay ia atrialy true. The grmt numbera who are now dailv using it are a autftcient guarantee that it la fully aa good aa it ia recommended ? N. O Faptr The aume may ha had of Comatock h Wllliame, 0 North 1 Fifth atraat, Philadelphia, and L'omatock k Co. 71 Maiden lane, thiaeity I BY THE SOUTHERN MAIL. ' Washington. [Correspondence of the Herald.1 Washington, Wednesday, \ Jan. 26, 1843. > Oregon and fCxrhequer?.Mr. McD?A?'i Speech In the Menate, and Mr. Marshall"? ;>l<rria iii u?e iiouir-uurdii ui uuvirii" mvnt Printing. This has been rather u lively day ill both Houses. Mr. McDuffik made his first speech on the Oregon Rill in the Senate, and Mr. Marshall spoke oil the Exchequer in the House, and both attracted crowds ol admiring listeners. In the Senate, after the presenting o! a few memorials and some other unimportant business. Mr McDuffik rose to speak on the Oregon Bill. The galleries were crowded to suffocation by beautiful women, and more than half the House of Representatives crowded in on the floor of the Senate to hear him. Mr. McDiiffie said that a wise and prudent man in any department o!_ human affairs, is very reluctant to engage in any important enterprise, however perfectly satisfied ol his right to do po, until he shall have well considered it?th" time appropriate to commence it?the means by which it is to be accomplished?and finally, the ultimate cost, and the ulti- , mate benefit which is to be the result of such enterprise. And permit me to say, sir, if the worthy San- j ator from Missouri (Mr. Linn.) who has pressed this : bill upon the consideration of the Senate, with so much ability, has violated any of the principles of ' sound policy, as I conceive he has, it has been troin totally overlooking those considerations to which I | have alluded. All the Senators who have spoken ou ] this .-object have seemed to limit their consideration to what I consider the most unimportant question which it involves. They have confined themselves ( to the mere question of title?they have argued it, as it this were a tribunal which is to sit upon, and judge , of the respective titles of the two countries, and as if \ the only question to be decided, were one of ti- ( tie. 1 believe that no Senator who has taken | any part in this discussion has intimated the ] slightest doubt of the validity of the title of the United States to this territory. I have investi- , gated this subject as fully as the documentary evidence to which I have had access has enabled me , to do, and with these lights before me, I am free to declare that I regnrd the title of the U States at least as far north a?the49lh parallel of latitude, as , one of the clearest claims which ever was set forth. But, sir, at the same time that I make thisdeclara- , tion, I should be very sorry to aasutne the responsibility,or that you, or any member of this body should , assume the responsibility of prompting this nation , to any measure on a subject which it does not belong to us to assume. Gentlemen seem to have forgot- , ten that there are two parties to this question, and , that however well our title may appear to us, the , other claim may appear equally strong to the adverse party. The British claim that their's is the true title, and we claim that ours is the true title; and how, sir, I ask you is this qmstion to be settled 1 By the interested parties'? Surely not. A | few words on the subject of the Convention of 1818, , prolonged to 1827. I perfectly concur with those Senators who have maintained that the provisions of this bill, w;h ioh guaranties a title in fee simple of , lands to all citizens who may emigrate to that territory ,is a palpabie violation of that Convention. Sir, it is in vain to disguise the fact. We are about to establish a line of military posts?we are about to take a military occupation of that country, and by all the means and appearances ?f war; and are about to invite our citizens there?not to engage in the fur trade, but to make a permanent agricultural set- | tlement. However we may disguise it, can the , British nation be blind to the extent of this design? j Now. sir, I wish to inquire of Senators who have ta- , ken a lead in this discussion, what is the existing emergency that calls on the U. States, who have for twenty-four years slumbered on this title, while in , a period of tne greatest prosperity?with a full treasury, which the power of man could not find a legitimate mode of spending, and the British govern inent slumbering over this title?I ask Senators to state what is the emergency which calls on us to adopt this measure? Why are we called upon at , this unpropitious moment to adopt a measure of this , kind? If I had been willing to adopt such a rnea- i sure in 1833, or at any other time, I should be decidedly opposed to it now. What is th- state ot the , country? What our relations to Great Britain?? , Sir, is it forgotten that but a day or two since?as it were?we terminated one of tne most honorable treaties, and settled one of the most important questions. which has been settled since the last war?? . And now was that accomplished ? By the grasping ambition of England 1 Was it the ambition of England, desire of territory and rule, tliut induced her to send the olive branch of peace to us in the form of an ambassador to adjust this matter! Great Britain voluntarily moved in this matter, and tendered the olive branch of |>ence, and I thank God that our government accepted it in the spirit in which it was tendered If they had conceded much more territory than they ought to have done?than would have concurred with State interest?still I would rejoice that peace was made in any form, rather than go to war Well, sir, that matter was adjusted, and if for nothing else, I must be permitted to say, that the people of the United States owe lasting gratitude to the administration by which this was effected. And, sir, I will go turther, and tay that every oartyin Great Britain, and every party in the United States, will shake hands over this matter, and declare that our people are jointly indebted to the governments of both countries. Sir, I think that this treaty was commenced in a spirit of peace, and terminated in the same spirit. Ana, now, when both countries are congratulating themselves on that treaty, at this moment, what are we about to do! At a moment like this, when a part of our territorial boundary remains to be settled, and is still a ! subiect of neeocMtion betwpen the two countries: ihe Senate?a portion of the legislature, intimately : connected wih the treaty making power, iB about to i take a measure toBettle and occupy this territory. | Yes, air, at the very moment when the negotiators are about settling 'he question, we snatch front 1 their handa the branch of peace, and attempt to do 1 it with the flaming sword But it is said that we | must take possession of this territory for the purpose of doing the pame that England is doing, building , forts, establishing settlements, encouraging emi- i gration?all looking forward to the exclusive occu- i pation o| this territory at some future period. Now, sir, I totally differ from this conclusion of Senators 1 If there is any one thing which the evidence before the Senate presents most prominently to my mind, it is that they have not given the leas' solitary word , or exercise any power which intimates the design of making an agricultural settlement there. On the i contrary, all they have desired, or ever claimed, is i a right to prosecute the fur trade there, and to 1 make such establishments as are necessary for that purpose. Have they done morel The worthy Se- j natorfrom Kentucky (Mr. Morahead), made a for- ( midable array of charges against England. In the first place she had built a fort 100 tnilesfrom the month of the Columbia river, and the gentleman with that candor which forbid him to suppress < any part of the truth, read a full account of < the fort, which concluded by saying that it is a mere stockade fort, for no other ' purpose than to repel the attacks of Indians Moot all the other forts which have been establish ed. Well, the Senator disclosed another verv im- i portant fact He said that they had violated the i convention which established the right ofjoint oc- I copancy, because our boats bound up the Columbia ' river to trade with the Indians, were immediately ' driven ofr by English boats?not by force, not by ' arms, but by English boats which had the audacity ' to come there and sell goods to the poor Indians | cheaper than the American did. And this is con- i strueil asa violation of the convention! Why, sir, i this harmonises very badly with remarks of the i Senator from New Hampshire (Mr. Woodbury) who said that one object of this bill is to civilize the I Indians. Is this the way lo civilize and benefit the Indians, by wishing to monopolize the trade and sell ! goods to them at the highest prices? Mr. McDtpfik went on to show the small value of the disput'd territory, its great remoteness, and ! the impossibility of its ever becoming attached to I our union, or even of being of importance to tin Hut (continued Mr. McD ) the worthySenator from 1 New Hampshire (Mr. Woodbury) hue discovered something more important than the representative 1 principle in government. He refers you to steam, sir; why, sir, I doubt very much whether the power or principle of government will ever he changed by sieam. Steam! How are you to apply sieam in this case! Have Senators examined the character of ihis territory! and do they think to bring together countriesso widely distant,and separated by three ranees of impassable mountains, by means of steam! But Senators talked of connecting this Territory with the United States by a railroad. What, a railroad from here to ihe Pacific Ocean over and through the Rooky Mountains! Why the wealth of the Indies would hardly suffice to carry this out Yon would have to tunnel throusth the Rocky Motin tains 1,000 nnles, or at least fiOO miles. In England it had taken them nearly twenty years and millions of money to tunnel under the Thames, with all the resources of that powerful country and government And in what period of time, or at what outlay could we expect to finish such hii undertaking. But 'be absurdity of Senators to talk now, with a bankrupt Treasury and an oppressed and suffering jiecple, ti lalk of constructing a railroad to the Pacific Ocean What' Is the spirit of gambling, miscalled enterprise, never to cease in tIns country! And is the most striking example of it to lie set by the ^enate of the United States ! And who is to take possesjioniand settle this Territory alter we have done all ilns ' There is only a small strip, about 100 miles wide neur the sea fit to live on. All the rest ih a jarren ^ sand, ^and, volcanic remains, where rain never comes. Even on the coast it never rains Irom tAnril till October, and from October to April, there is nothing but rain. Why, I would'nt give a pinch of snuff for this terri-^ tory?1 wish to God we didn't own it. Who are we to send there 1 Will your honest farmer.-' in the east go there 1 I hope to God not. 1 would advi?e no one to go there to settle. If I had a son who wa? a fit subject for Botany Buy-, I would *av, Go there, in God's nume?go ! For whose benefit are we to do this I What revenue are we to get from those citizens of ours at a distance of3300 miles lrom the sertt ol government?for whose benefit we are to begin an outlay of $200,000 and swell the annual expenditure equal to that of the Florida warl W> couldn't get a cent of revenue thence in the next 50 years, and to keep these settlements up would require at least .$10,000,000. The country is inhabited by warlike tribes of savages?and if we go to war with them, it will be worse than a Florida war.? Wirhin the neirt twentv vears there will not lie a single congressional district in the United States, contributing to the support of the government but what will be of more value than the whole of this miserable territory. I thank God for his merev in placing the Rocky Mountains between us and that country. It never can be of the least value to ua as an agricultural country. I want this great country to be concentrated and civilized?and we never can become so while we are able to spread over an indefinite tract of country. You can't civilize men unlesa they are kept and hedged within natural bounds. Nothing could justify the settlement of this country, except we were overrun by a starving population. And is that our easel No, sir, we haven soil as productice as the valley of Egypt,and an pxtent of country already which we cannot pro- i bubly settle within lite next fifty years. Why should we try to send, then, the honest and industri- * ous classes out to this territory! The advantages of the fur trade have been too highly ex'olled. The fur trade is fast declining. The Hudson's Bay Co is losing money, and will soon wind up,and in a very few years we shall have the countrv drop into our hands.if we wait quietly and let it alone. But gentlemen have said nothing about the ways and means wherewith we are to go and settle this countrv. 'Tistrue the senator from New Hampshire, (Woodburv,) alluded to this in his speech, because, perchance, he once was Secretary of the Treasury, in a peculiarly trying time, and therefore a fellow feeling made him wondrous kind. (Laughter.) I verily believe we shall not have near money enough even to carry on the ordinary expenses of the government This has been examined into, and all agree we must borrow. And yet gentlemen say, let's appropriate $200,000 to settle a barren territory like the Oregon. We are in a state of interregnum. No one is responsible for the measures adopted. You say to one, " Will you give $200,000 for this with an empty uA ?_i: itr\ .l?.? ir.: r : treasury: itc replies, w, mm a uu unmr ui mine, I'm it democrat." To another, and he nays," That don't belong to me, I'm a whig; the government must find the ways and means?they're responsible." Now, sir, in this sad state of tilings, with no one responsible, let us at least wait a year or two, when we snail have a government that possesses the confidence of at least one large portion of the people, and representatives responsible here and elsewhere lor its acts. Till then, I say wait. I call ?n the country ' lo pause; and I emphatically and earnestly call upon this Senate to pause before they commit an act fraught with so much evil, and which can bring no good in return. , As soon as Mr. M'Diffie had concluded, it was announced that Mr. Marshai.l had just risen to speak in the House, and all the ladies and members cleared out and rushed into the House ot Representatiqes to hear him. The Oregon Bill and also the Exchequer, were then passed over until to-morrow, and the Senate adjourned soon afterwards.' In the House, the first thing of importance done was by Mr. Wise; who presented a report and a bill (rom the select committee ol the last session to establish an Executive Department of the Government, including a printing office, Secretary of printing, &c. See., like the Secretary of the Army or Navy, or Postmaster trenerat. The Bill proposes the establishment of a printing office in a building located and furnished by law, with principal and assistants, nominated by the President and confirmed by the Senate, to do all the public printing in every department of the government. The establishment is to be purely a public one, and to have no connection whatever with any private business, nor with any newspaper publication?the printers to be bound in a large penalty to this effect. This Bill, with the report, were ordered to be primed and relerred to the committee ef the v hole on the state of the Union The Exchequer next came up in order, and on this Mr. Baknakd, one of the most sensible and gentlemanly men in the House, but not the best dehater, had the floor. Mr. Barxasd said that he differed with much of the argument contained in Mr. Fillmore'* report. He wished the House to take some |>oaitive action this session on the subject of the. currency ; he wus not content with the negative proposition of the Ways and Mean* Committer. It was the duty of the House to pass some law ou this great luhject this session which should bring relief to the country. This could he done, and ought to he done. After the negative proposition of the committee was disposed of, he would not stop there ; he would move to go into com- ' mittee of the whole on the bill reported by Mr. Gushing ; and after that had been rejected, as doubtless it would be, and the bill of the Secretary ol the Treasury (the Exchepier,) he then had a proposition on this subject to submit, which he thougnt could pass, and bring relief to the coun. try. He went on to say The President ha* vetoed snr bank measure twice, and we have vetoed his measure ut finance once, and are about to do it again. His Exchequer is an Executive Department of the Government prerisely such a branch of the government, as the war, navy or post otfice departments. Now some portion of its duties might be competently performed by the government? other portions could not. The government proposes to receive de|>ositeii ol individuals?and to issue paper money and a syatem of commercial exchanges. Nothing can jusli"> this.* And what is worse than all this j* the tact that the Exchequer proposes that all the money belonging to the government shall be kept in the hands of Execntive offi.-era?which money has, from the foundation of the government, been kept in hanks on depoaita By the law of 1789 the Treaaurcrof the United State* was to keep the money?there were two or three State Bank* then in existence, and he placed the money in them, and never for an hour kept it in his own f>ossc*sibn. When the U 8. Bank started is 1794, he used that; alter the expiration of it* charter, he again resorted to State Banks, and although nil the bank* South of New England suspended specie payments soon after thia, still he kept dis deposits in hanks. When the United States Bank waa was one of the privileges of that hank that it should receive the money of the Government on depoait: and this continued till IK33. Then, gentlemen, Jackson violently and without law removed tne deposits, and everything was in confusion till ISM, when Congress legislsted on Lhe*ut>ject, and the money was deposited iu certain bank* again. And thia continued till Mr. Van Buren, in 1839, brought forward hi* Sub-1 reaiury. And on thio tnealure he wan driven out of office. Ho that the public money* have been kept in bank from 17H8 down to this day, with the eiception cf a tingle year?that of the Sub-Treaiiiry. Ami why ihould we change thia plan, sir7 The money of the country ihould be kept in the lame way hat any i ru lent man would keep hit own money. Thu i lan h <? the unction of wiidam and experience?maxim* a tout. I a* the principle* of common law. No wiia man ? !ru?'ing In* surplus money to the keeping 1 a i * > or act of men, unlet* tuch a man at John J* ?' * or and only then when he could not find ( at hand to depoaite it with. It it not notori<' m - tii-.Tt,to a great degree, have become dii . <ni eri when tbey were recipient* ol nublic noi..i Who can tniat then 7 Look at the fraud* and teuir*ti?>m of receiver* of public money. public oflire in tln>roaatry iathe wont tchool of moral* thu *ide >t the penitentiary. (Laughtor.) If an honeit man get* n, he li-come* a rogue before he goea out. (Crie* of You're right.") And if a rogue gat* in, he become* ten ime* a rogue before he goe* out. It i* chiefly the bold, he reckle**, the unprincipled, the hankiupt in fame and brtune, that ru*h on to *eek office And i* it to such that ive ihould tru*t the public money 7 Will the puniihment if one defaulter deter another from the lame crime, any more than the exhihitionoi the . allow* in the p -aitentia. ry deter* another murder. No *ir ; even the U. 8. Bank a a* not half ?o unlortune in having dishonest and faithle*? officer* than our governmint hB* heen curved with 'or the last ten year*. And I for one, lir, will never ronlent to lupport thi* executive treasury *j *tem, which i? jpen to ?<> many abuie*. It may he comp-tent fort-.egovrrnment to eitabliah a ?nb.Trea*ury, but it i? not competent to establish an executive bank for lereiving dejio*ite* and i**u*ng paper money, and relling exchange. He -oncluded by saying that at the proper time he would bring forward hi* plan. Mr. WmTHaor said that thi* Congress out to pa** lome law on the subject, although the subject had become *o entangled during the la?t 10 year*, that it wa? difficult to know what ought to he done. A Bank of the Uaited State* was an otisnlete idea. He was opposed to the nega'ive resolution of the committe -. He r.-gretted that" the | Sub-Trea*ury had been repealed, for that wa* hotter than nothing; the gpocie elange could have been taken out, an*! hen it would not he ao bad. There were narta of th<f Exchequer hewaa in favor of the iaaningof $1.\000,000 of paper redeemable in apcrie by the government, u.mld give great relief, and the exchange feature would tie uiefill, and although he had objection* to many parti ol the Exchequer, he would vote for the whole ol it, rather than tinve nothing at all, aa wm now the cage. Mr. MaaaHiLi. roae and laid that in hia laat apeerh he neant to he underatood in apeaking of Mr. Webiter aa lie master and teacher?that he wag his matter in the ame reapect aa Aiiatotle wa* the maafpr of the Mare. Ionian (Alexander the Great;) aa Anaxagoraa wa* the naater of Ihe Athenian Periele*, and aa Hoerateg wag tho naater of Xenophon anil other*. Not that he, the leaat ind humhlaat or men and aeholara, meant to compare hiaKiaition with thoae great men, hut that Mr. Wcbater re icmbled those great teacher*. Ho then went on to aay hat in apeaking of Mr. Wcbater having pledged hi* repuation lor the auccega of the Exchequer achcme, he rteant no aneer, lor a more prieeleag pledge onld not he given The reputation of that (reat man would outweigh in value all the jewel* of Europe's proudeat prince*. He then w ent on to read all hat part of Mr. Wehiter'a Fatieuil Hall apeech, from the tore Id report, which treated ofthe F.xchequer. He con inueil A feller endoraement of thia plan could not have ieen given. He haa thrown around it all the dignity and uatre of hi* great name and geniu*. And thia mtiat, thereore, so far be conaidered a* the next heat measure to the ongtitutlon of the United State* which the wtadom orthe ngenutty ol man could devlae lie then road extracts rom an article in the " Madiaoninn relative to a former peech of hii, and aaid it tounde 1 very much like the at. (u?ent* made uae el liy Mr. Cuahing in one of hi* gpeech i*. and retorted back on that gentleman the charge ol ro

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