Newspaper of The New York Herald, February 27, 1845, Page 2

February 27, 1845 Tarihli The New York Herald Gazetesi Sayfa 2
Text content (automatically generated)

NEW YORK HERALD. IfW lurk, Thamtay, February '47, IH45. llio Independent Newspaper Ficu. There is iiotfimg which nrnrr clearly indicates the mighty iiflieiicc exeicisi d hy the newspaper press hi the torinslion and direction ol public opi. nioii, than the rapid decline of the most pretend ing description oj magnzine literature. J Ins indi cation i& afforded in England a* well aa in this country. The pompous reviews which some years ago pronounced urevocable judgment in the world ol politics, literature, and science, have now lost almost all their power, no longer inspiring dread> and ceasing to command respect. They are, in lact, rapidly becoming mere " annual registers"? the record ot events which have passed, and of opinions that have been fixed forever. The news paper is now the authority and the judge?the great literary, moral, and political tribunal. In this country the influence exercised by the newspaper press?we mean the independent portion of it?during the last ten years, has contributed immensely lo the progress and prosperity of the R-public, the growth of Iree opinion, and the spread of liberal and enlightened views in all the great departments of human life. Before the esta blishment of the cheap newspapers, as thty are called?the cheapness|being. however,only one ele ment in their character?the daily press was as low and powerless an can well be imagined. All that was attempted was to give a synopsis of the current ntws of the day, and that was but very in differently done. In point of talent, industry and enterprise, the newspapers of that period were quite despicable. These were the palmy days of tliifut$?o{ intrigue, corruption, and mancsuvre. But the establishment of the cheap, inde pendent newspaper press commenced a new era in the history of this great social in stitution Its cheapness enabled it to ad dress itself to all, and being forced to maintain its existence by the exercise of the greatest indus try and energy.it soon diflhsed itself so universally, as to obtain an influence and power never betore dreamed of, and which very few even nowcanful* ly appreciate. At this moment the independent newspaper press is in fact the government of the country. Always in advance of legislation?crea ting, shaping, coirecting, informing, directing pub lic opinion?it originates law, exposes abuses, sug gests reforms, sustains the moral forces which keep society together, and sways the destinies of the na tion. And how does it effect this1? By its daily diffusion of all species ot intelligence, and its inde pendent and philosophic vifiws on all subjects. Its only aim and condition of existence, is to circulate thk truth about everything. Hence its Influence is as omnipotent as truth itself. When we coine to contrast the influence of the independent newspaper prtss with that exercised by any of the other agencies which bear upon pub lic opinion, we are at once enabled to discover its vast superiority. Compare it lor ins'ance with par ty journalism. The party papers are every ytai losing wnat influence they ever possessed.? Their gross indecencies snd scurrilities?their false hoods?their forgeries?their contempt alike of all ihe courtesies of civilized society and ol every prin ciple ol honor and integrity?have rendered these piriy organs the object of very general disgust ? Tney are not trusted even by those factions whose selfish inierests they profess to serve, 'lhus wi seethe Evening Pott scouted as the representative of the democratic party by one of r.8 own Senators, and thus we find the whig organ- in this city abu sing one another as traitors and liars, and one of them, the'Courier, at this moment denouncing the nomination ot its own party for the Mayoralty of this city. Hence it was that during the last elec tion, both whigs and locofocoacast aside their own organs as unworthy of credit, and looked only to tne columns of this journal for accurate and trust wotthy political intelligence. The party journals are indeed the mere tools of petty cliquti?they have no influence on public opinion. Then,again,let us compare the independent news paper press with the pulpit?and we shall see how much more influential the press is in pro moting the cause of virtue and morality, than even that great instrumentality for good. The establishment of the christian ministry, we regard as one of the greatest blessings. It dis covered the wisdom and benevolsnce of the author ot Christianity. But it has sadly failed to accomplish its mission. The bad passions of world ly men who have found their way into the sanctua ry?the bigotry of opposing sects?the intolerance of dominant religious systems?the intrigues and struggles for ecclesiastical power and place?the in fidelities and immoralities of the priesthood?these oauses have, age after age, weakened the influence of the pulpit; and in these times especially, what with violent and unchristian polemical controversy and laxity of morals, the clergy as a class have wofuily failed in accomplishing the objects contemplated by the Redeemer of mankind when he commissioned the first faithful preachers of the Cross to go forth and convert the world to God. But the independent newspaper press has well sus tained the character of the aid and ally ot the Christian ministry, such as Jesus of Nazareth intended it to be. It has torn the mask from the hypocrite?it has exposed the canting Pharisee?it has rebuked the snarling bigot?it has laid bare wickedness in the sanctuary?it has defended pure religion from the insults and attacks of its professed friends?it has inculcated the philanthropic and refining and harmonizing principles ot Christianity ?it has, in fact, labored to commend to all men a strict observance of the simple precepts which Jesus enforced upon his disciples in Judea, as the only sure means of happiness. We can, at least, declare, that the aim of this journal has ever been to show that religion, stripped of cant, hypocrisy, and sectarianism, is the only foundation on whicn the prosperity and happiness of nations or indivi duals can repose. Thus, then, in politics, in finance, in literature, in morals, in religion,?in all the great concerns of society,?the independent newspaper press exer cises an influence, pervading, salutary, and irre sistible. Such an agency must of course be feared, hated and despised, in many quarters; but every man who wishes well to his country and his race, ?who has himself a sound nuad and sound morals, ?will most joyously note its progress and share in all its triumphs. British Intrigue.?It is really amusing to see the efforts, which tome of our contemporaries are m tking to convince the world, that the intelligence which we communicated respecting the astounding discovery cl the intrigues between Great Britain and Santa Anna relative to the California*, was h|. fable. The poor, enviouB and imbecile creaturis, are wriggling, and puffing and blowing, and shout ing out as loudly as their weak lungs will permit, that the story about the papers found iu the p< e Mssion of v^anta Anna, disclosing the designs and intrigues ol Great Britain, is all" falsi"?"fnlee"? "false." Some ol the scribblers at Washington, arc circulating a staienient to the effect, that Mr. Pakenham his pronunced ike whole to be a fabri i lttin. This is indeed rich. It is exceedingly likely that the British Minister nt Washington coinaiits himself by -.in sueh stntemenis oneway or the other. He know- something ubont the duty and dignity of a diplomatic ;w nt, and is not exact ly, we must say, the man to torget either. The information communicated by our corres pondent was perfectly authentic, and the facts are now in the possession of the State Department. In due time, the public w ill be fully informed of the whole matter, from an officiul source. Inauguration Festivities.?-Great preparation are maaiug to celebrate the inauguration ot Mr Polk in this city Amongst other festivities amag ificeitt file at the Tivoli Saloon, under very res '?table management, is in prepatttion. Another Extraordinary Dsvf.i.opmfnt or " Nativk" Economy and Intrority ?We have just discovered a fresh instance of the integrity and economy ot the present reforming Saints in the Corporation. A number of the auctioneers down toWh were recently agreeably astoniched by the re ceipt of the handsome donation ol $200 each from ihe Corporation. They were quite at a loss to imagine the motives which had prompted this ex traordinary manifestation of municipal genero sity, for they were altogether unconscious ot ha ving rendered any services equivalent to the value of the gift The money came indeed almost as mysteriously to some of them, aB those paymeuts which the Secretary of the Treasury occasionally acknowledges in the pipers, and which merely re veal the fact that the consciences of some govern ment creditors have suddenly been awakened alter a slumber of fifteen or twenty years. The auction eers thus mysteriously rewarded are Messrs. Lud low & Chilton, Bleecker Jc Vau Dyke, Franklin & Son, aud Wm H. Jones. The Messrs. Franklin it appears received their $200 without any previous intima'ion whatever, aud we believe that this was also the case with Bleecker & Van Dyke. This case appeared so extraordinary that we took the pains of making some inquiry into the circum stances, and we are happy to say that we have at length succeeded in being able to throw some light on it. It appears that there was recently a sale of Corporation property. The expense ot getting up the sale, preparing the maps, advertising, and so on, was all defrayed by the Corporation. The gentleman who effected the sale received $70, but the Corporation considered that sum as quite a paltry expenditure, and impressed with the conviction that in order to sustain the character for consistency, their disbursements ought to be in keeping with the increase of taxation, they voted an appropriation of one thousand dollars for the expenses of the sale, which was distributed as we have stated, amongst the highly respectable auc tioneers whose names we have given,two hundred dollars being also paid for the use of the room in the Exchange, although the auctioneer who really effected the sale was entitled to the use ol it with out any such payment; and, at all events, the sum paid was considerably greater than what an auctioneer pays for the use of it throughout a whole year.' The fortunate auctioneers and the public will now, perhaps, be able to appreciate more fully and accurately the motives of the Corporation in this munificent expenditure of the public money. We do think that the annals of municipal corruption will be searched in vain for a more shameless and audacious piece of party profligacy and extrava gance. Here we have one thousand dollars of the public money squandered for purposes which are apparent enough to every one, and all this by a Corporation who went into office under the moEt solemn pledges of economy and purity in the ad ministration of the city government! When did either the whigs or locofocos, corrupt and extrava gant as they both have been, ever commit such an act of open and barefaced corruption ? It does indeed appear that retributive justice already begins to pour out its vials on the miserable, inefficient and corrupt pdrty now in power in the Corporation. Yet these are the men, who, after increasing the t?x*s to the enormous amount of $250,000, and are uow prolusely squandering the public money in ihe most impudent efforts to conciliate and obtain supporters, present themselves to this community i for re-election'. I Mayor Harper aoaJn a Candidate.?HisHonor I | the Mayor has written a letter signifying his accep tance of the re-nomination. Here it is Mayor's Owes, New York, Feb 34,184S. Gentleman? 1 havu taken some little time to consider, whether 1 should accept or decline the nomination with which 1 have again been honored by the American Re publicans of tho city of New York, as their candidate ior the Mayoralty. Tae motive has baen, not want ol respect or gratitude for such a renewed expression of confi dence, but simply a desire to be convinced that there wet no reason why 1 should seek to make way ior some oth? r and abler man. I have considered tils point maturely, and though I cannot hut think end foel that a more wor thy candidate might be selected, I recognize, elso, the right of my fellow citizens to call upon me, and my duty, as one who owes them much, to place myself at their dis P?I*therefore accept the nomination, and am, with high respect. Your obedient servant, I^ ' JAME8 HARPER. This is quite a characteristic and lunny little do cument. A wilful man will have his way, and his Honor will have his joke. Even in this laconic epistle there is an infinite deal of dry humor. Mayor Harper, as a private individual, is an excel lent, moral, honest, upright, pious and worthy man But he has discovered himself to be altogether un fitted for his office. Perhaps with an intelligent, active, and efficient Common Council, he might have got on tolerably well; but with the miserable, inefficient, hypocritical set of men associated with him in the government of the city, the poor Mayor has made asad failure. We do not think that he will meet with any formidable opposition in going oni of office. The whigs are preparing for the contest with great force and determination, and have sworn to sweep the "natives" with the besom of destruction. It will be a very amusing fight. Ma. Postmaster Geaham ?The Postmaster left this city on Tuesday last for Washington, in com pany with Mr. Thomas of Tennessee, the law partner of the President-elect. W:ll, so far as the business of the Post Office is concerned, we are not likely to suffer much by the absence of the Postmaster. We believe that we will be able to get on as well without him as with him. But we do hope that the time is not far distant when we shall have a Postu-aster who not only understands his duties, but who will be willing to devote his time and attention to the discharge of them?one who will mind his business, instead of running backward and forward between New York and Washington, like a parched pea on a hot shovel, eternally on the fidgets, trying to keep his place. The " Colonel" has succeeded so well in humbug ging poor Mr. Tyler, that he is now emboldened to try his hand en Mr. Polk. We shall see, to use the vulgar phrase, how he will " come it ovei" "Young Hickory " The: Cliques ?The MorningNewt still continues its attacks upon the Collector and the patriotic officials of the Custom House. Yesterday it made quite an elaborate effort to convict Mr. Van Ness of grievious offences against truth and democracy, but it rather failed. The truth is, that as the Idee of March approach, the quarrelling and squabbling amongst the democracy here increase with fright ful rapidity. The contest between the whigs and locofocos was not marked by so much malignity, bitterness, and inveterate hate as is the struggle between the various eliqmt of the democratic party in this city- The Evening Pott is openly denounced in the United States Senate, as not entitled to the confidence of the party?the Morning Newt is the orsan of the mere fag-end of a faction, and the Plebinn is in the hnnde of another. When is all this to end 1 Thk "Times or America" Becoming Senti mental ?Yesterday the " Timet of America " re tailed nearly a column of amusing twuddle about " Wall street by Moonlight " Which of the "Co lonels" has become sentimental I The twaddle had all the incoherency of the one, and all the hy perbole of the other. At all events, whoever the writer, he appears to have indeed fully owned the influence 01 that queenly orb, who, it is credibly affirmed, " O'er moiat and crazy br?ln?. la high spring tide* at midnigkt reigns." John Jonk? and Monks Y Beach.?John Jones, of the Madttonian, in the last agonies of dissolu tion, appears to have tmrls fastened himself on the respectable Moses Y. Beach, and is still harping away about the wicked insinuations against Mr. Tyler, which that o ly old penr.y a-liner, M. M Noah, put forth in the ,.aptr published by the emi nent financier. Turn over, poor John Jones, and die decently Nortiick < Mail. his mail willhe regfterclose n this city at 8 o'clook in the afternoon. Society for the Abolition of Capitol Punish ment. Another numerously atteuded meeting of thisas ociation was held last night, at their Rooms, cor ner of Ltspenard street and Broadway, at which a lebate took place upon the propriety of reforming he penal code, by the abolition of capital punish nent. Both aides of the question appeared to be 'airly represented, and the proceedings were con lucted with due order and method?the motto, audi alteram partem, being scrupulously and very properly observed. Mr. Philo Price, in absence of the regular offi cers of the association, waachoaeu aa President, whereupon? Mr Baulch was called upon to address the house.? He said that none of the officers of the Society being able :o attend, due exertions were made to procure speakers? not to advocate the cause which was dear to the Society, far that was unnecessary, but to hear what their opponents uad to say against it; and if there were present any ad vocates ot the gallows, they would be gladly listened to. tie was happy to observe various signs of a growing spirit ot benevolence, and philanthropy, such as would be tor doing away capital punishment; and, among be rest, a gratifying change was being effected in the press or this city, as well aa elsewhere In proof of that, enly this evening one of the most in fluential and respectable journals ot the day had made some remarks, which were strongly in favor of their principles, and showing a strong feeling against the infliction o( the punishment of death. (Mr. B here read i short article, such as he described, irom an evening paper.) When it was remarked, that but a few years ago, not one of the papers W'uld risk their reputation by ta king up the subject favorably, whilst now six or seven of the most influential amnng them were the advocates of the oause, there was reason to hojie that it would eventually prosper An encouraging case was iound in that of a professional gentleman of eminence in this city, who upon Deiog invited to take a part in their discussion, de clined, assigning it as partly nis reason for doiDgso, th t his convictions were so far modified lately, that ne could hardly tell what side he should take, if he came forward to make an address on the subject of capital punishment. (Approbation ) The cause was progressing, and all they had to do was to attract public attention to it?to reason ?nd spread information, until that last relic of barbarism ihould cease to disgrace their country. Above all na tions. America should be first and foremost in the cause of humanity?first to act in obedience to that authority which said vengeance was the Lord's, and he would re pay? the fi st to recognize th*| seendness of life, which, as the gilt ot the Almighty, noDe but He could give or take iway. At a former meetmg of the Society, a ease was alluded to, which occurred in Europe, of a man who con eased himself the author of a murder for which another had been executed, and the last steamer bore an account of another, in which two boys, convicted of a capital crime, bad peilisted till the last moment, and 011 the tnreabold ot ?ternity, their innocence of that for which they wen iboat to suffer; and he thought from all the circumstances .hat there was no question cf their innocence. In addition o these they had but to look at home to the execution at Troy, to that at Worcester, te that at Providence?in all which cases there was none but circumstantial evidence tdduced to procure conviction; the unhappy victima so lemnly avowed their innocence whilst breath remained to them. It was a horrifying thought that life was thus to betsken with tha sanction of law?that a jury would re 'urn a verdict ol guilty upon evidence barely circumstan tial. In this sge of Christianity and benevolent enterprise was it not a wonder that these barbarous, and he would almost say, infernal institutions, ahould be supported bj christian men?even by ministers of that religion which teaches ua to render good for evil! And it was a fact that among the advocates of the gallows there were found ma. ay ministers of the gospel ot mercy and peace. In this Hate of things how could they remain content to see that religion perverted, and held up as crying out for theb ood of vengeance at the hands of mortal man? It became them then, although they might be misrepresented, laughed ut md maligned, to use their best t fibrts to spare human life, to preserve that which Ood bestowed on man, and to ne ver desist from their labors until the gallows were cut down and destroyed forever. (Approbation.) The President here arose and addressed a few words to a gentleman in the audience, inviting him, as was un terstood, to address the meeting, which he declined to do (or some reason, the statement of which was not audible to the r-porter. Alter a few moments, however, Mr. Ricekrson took the platform. He at once perceiv ed, he said, that he had an intelligent audience to address but whatever criticism he might expose himself to. hit de -ire t) have the cause weighed he would lay a lew argu moots before them. The question of the abolition ofcapi tal punishment was worthy the consideration of the Le gislature as well as the people, from whom all law ema nates. Whatever attention he had given the subject wrf with an honest purpose, and the result was, that he could not be satisfied that it would be expedient to abolish the punishment of death in all cases. Mr. R then commenced a plain, vigorous, common sense argument in support ot the retention of capital punishment; but he candidly con fessed that he did not endorse the decrees of low as it a' present stood, nor wonld he desire to see the infliction ot leath. except in a case of deliberate and intended murder. He thought the distinction made between arson in the first and second degree bad ; if there was to be auch, he wonld reverse their relation to their respective nunish menta. Burning at night was regarded by law a* more atrocious than burning by day, and because of the greater facilities for the escape oi the culprit, it was pun ished higher Perhaps that was a sound principle, and one necesrary to be observed, when the safety of society was regarded; bat to look at it aulely upon its own merits, he could not help thinking that the audacity, the boldness and recklessness of the daylight villain added a deeper tinge to the crime. However the law in its apprecia ion of the matter was led for the common weal, to punish in a higher degree those crimes on which aecresy and other lacilitiea for escape rendered double vigilance necessary Who could then defend the propriety of doing away with death ae a punishment for the wretched miscreant,who in depriving his fellow creature of life, felt perhaps encou. raged thereto from acme persuasion, that in doing so, the only one who conld testily to the act was silenced lor ever? Mr. R. contended that the end of punishment was not so much vengeance on the individual aa a lesson to society ; it was to deter from and prevent crime, more than any thing else. He could only account for the hostility to punishment by death, by the fact that there was a spirit ol change abroad, very often reckless, impatient of control, and which stopped not to examine general principle* of justice and wisdom The scriptural objections oi the abolitionists were criticised in a very searching man ner, and the infliction of death vindicated on the ground ot its analogy to the divine institution of rewards and punishments, as seen in the administration of the uni verse. The Rev. Mr. Ballow replied with much energy and some warmth He contended that reformation waa an et aential end to be kept in view in daaling with criminals, and it wis a false principle to forget the criminal in over solicitude for the general safety. He quoted the language of Senaca to that effect, and said that some oi the most distinguished of christian philosopher* agreed with him. But suppose that prevention was the first and primary consideration, did experience shows capital punishmeDt fit te secure it? No such thing, as was proved most clear ly by facta. Worcester, in Massachusetts, was the scene of the last execution and the last murder, in that State.? Troy waa the scene of the lait execution and the laat murder in thia State; and an in aeveral other*. The apeaker entered into a long diacusaion oi the scriptural arguments used in defence of death aa a punishment showing that the deeinration, "he who aheddcth man's blood,by man shall his blood be shed," did not applylun der the gospel dispensation? that Noah and Moaes were high authorities for matter* relative to creation and pro vidence, hut of no weight when they conflicted with the laat, the divine teacher, Jeaus Christ, whose doctrines were alone to be binding and of sole authority. It would be entirely beyond our limits to eive even a sketch of all that was said on either aide. Suffice it to aay that the meeting appeared to be aatisfitd with the pro ceedings throughout. The debate is to be renewed shortly. Native Economy?A lag! tor the "natives!" Their last sad effort to replenish the sunken financ es of the city treasury manifested itself yesterday, in the disposal, by public auction, of the Corpora tion plate?the sale of which amounted to about 0300?the purchases being made by three or four of the corporators. The spring election is near, and it appears the poor " natives" are determined to make the most of their time, during the remain dei of their stay. Q.uere?Ought some #2,000 worth of plate to be sold for the sum ol #3001 But this is all "economy and reform," according to the "native" catechism. Our Morals and Manners.?Pearl street ex hibiled a humiliating spectacle last night. About nine o'clock one of those pitiable outcasts, hall deranged by vice and desperation, was seen hurried along in the iron grip of one of the redoubtable M. PV She was the centre of a group of gaping, staring?and, sorry we are to say it?of mocking merry-andrews, who could see nothing in the case of this poor outcast, but a mark for jest and ribald ry. Had they not brains enough to reflect that, howgver dr graded and abject, she was still a wo man ! Where were their eyes, that in her tattered garments and dishevelled hair, and distorted fea tures, they could sec nothing to disarm malevo lence, sober frivolity, and soften stolidity! O! ye darling young desperadoes,?ye lervent firemen' O! ye wary sentinels of the night-watch?artfui dodgers of the M. P.'s, and corporals of the fire plug and hook and ladder! why brandish your staves, and play the engines of your scorn against that forsaken danghter of degradation! Mercy will never despoil you of claims to courage, nor the smallest dash of feeling for the woes of other detract from your manhood. Hush !?do not d?n so ; no, nor grin ; nor writhe your body with con tumelious contortions. J! that forlorn creature were not dragged so, she would be the steadiest ol the party. As it is, in good truth, she is less tc blame than the swaggering rowdies who surround her?who have just ingenuity enough to be her tor menters, but are far too despicable to carry her cross. Ho honfb,?ye puffing, whistling, bias pheming clod-poles. Do not come forth to tauni unfortunate women Consul at Havre?It is rumored that Mr Bees ley,the American Consul nt Havre for the l^si twenty years, has been removed by Mr. Tyler United State* and NcW Grenada. The following ia an abstract of the articles of the P< nal Convention, concluded and signed at Bogo ta, March 6th, 1844, for the "purpose of drawing more close'y the relationaexiating between the two countries, and of facilitating the prompt and regu lar transportation of the correspondence of the United States across the Isthmus of Panama." Abt. 1. United Stales packet! ot war are to convey to Ch?gre< or Puno-bello rr.aiU destined tocro*a the Isthmus of Panama ; the Postmaster o( either place to forward it to Panama at the rate ol thirty dollars for each trip, if weighing not more than one hundred pounds; and each additional hundred pounds far twelve dollars. Art. 9. The rates of postage as at present established in New Grenada to be paid on all letters and papers des lined for any point on the Atlantic Coaat cf New Gre nada. Art 3. The United States Agent is to deliver to the Tost Office at Panama, all the correspondence directed to that or other places in Grenada, reserving his own letters: and the remainder of the correspondence- the latter to be forwarded the first opportunity. Art 4 The Post Office at Panama is to forward the hag or packet received trom the United States agent, to Chagres or Porto bello, and to deliver it to the United States Consul or agent at either of those places. Art . 6. The carriage oi the mail, in either direction, is to be paid by the United States agent or conaul, at Pa nama. Art 6 and 7. All official and private letters and news papers to be conveyed by the said veaaels, free of all com p> niatiou, between the ports of Oronada at which thev may touch, and the Uuited States ; also, between any two ports ol New Grenada at which they may touch. Art. 9. Should the United Statea employ steamers, the coals brought lor their use are to enjoy in Grenada porta, the eame exemption as ia granted in the case of any other power. Abt. 9. AU advantages accruing to either the United States or New Grenada, from the above stipulations, are to bn regarded in virtue of the obligationi incurred in the preaent postal convention. Abt. 10. Tha provisions of the convention to be carried inlo tftict by the United States consul or agent, and the Governor ot Panama immediately after being apprixed of its ratification by their governments. Art. 11. The present convention to remain in foroe far eight years?and lor a farther term of four years, unless either party express by a six months notice, Its wish that it should terminate. Splendid American Weather ?YeBterday wae another beautiful day ; it made everything and everybody look cheerful and happy. All the streams being open, steamers have begun to run regularly to the different points on the North and East rivers. On Satutday the mammoth steamer Troy, dec., begin their trips to Albany; the Columbia left for that place last evening. In all parts of the country the mild weather is breaking the fetters of winter, enabling the spring trade to open early. [From Albany Adv., Feb. 93.] The navigation between New York and this city is un doub-edly open The ice began to more yesterday mom ing and in the afternoon It pasaed out ol the river easily The freshet on the dock was inconsiderable, and at 6 P.M. it had declined nearly a foot. The water eontinuea to fall this morning, while there is but little ioe to be seen. [From Rochester Adv., Feb. 91.] Yesterday made large inroads into the banks of snow which the late storm piled up in our city, aided by a warm and mellow looking sun, and a bland soutnern breeze. A lew consecutive days of this character will cause a revival of the sound of the axe and the hammer,

and add materially to the compass of the monotonous boon: at "the Falls," whose veice already has anything but tht babble of a half grown cascade. [From Quebec Gazette, Feb. 17.] The weather has again become mild, wiud southwest, thermometer at the freezing point. The noith easterly storm, which commenced on Saturday and con inutd with great violence throughout yesterday, has added an addi tional deposit of snow to the largo quantity already fallen. During a part of yesterday wo had rain and hail, the latter driven by the furious wind which prevailed, rcudcrtng it exceedingly unpleasant to those who were necessitated to venture out. [From Albany Atlas, Fob. 94.J Reports are in town that tho Mohawk has broken up. The water has risen full two teet since yesterday morn ing, and is still coming up steadily; being now even with the docks on Quay street. [From Grand River, Michigan, Eagle, Feb. 6 J Oar citizens are waiting, some of them with great anxi >ty, to know what the Father of Michigan watna intends doing. For several days the floating ice has been dam ming up the current, till now the river seems to be cork ed up as tight a: a bottle, about the islands; and the back water has inundated the salt block* and the machine (hops adjoining. We fear much damage will be done should the wattr make a fair breach in the canal. [From Boston Transcript, Feb. 96 ] The Weather ?We have had delightful weather aiuce the rain of Sunday. The sky is clear, and theatmosphen as soft and mild as May. In Now Hampshire, Vermont, and Western Massachusetts % is glortpus maple sugar weather. ? North Rivaa Steamboats.?It is expected that there will be a great deal of steamboat competition on the Hudsoa river next season. C&pt. McLean, so universally popular for many years in the " Swallow," has, we perceive, relinquished all con nection with the present owners of that boat, and will soon announce his appearance in a new and splendid line, in opposition to the combined mono poly on the North river. The Military?the "Montgomery Guards." ?This company has recently adopted a new and magnificent uniform, got up in true military taste by Mr. Nickenson. It is rapidly augmenting its strength, and gives its annual ball at Ntblo's, on the 8d of March. The Independence Guards gave a very elegant ball and supper at Niblo's last night. Park Theatre?Never did the histrionic stars oi the greatest magnitude draw such crowded houses within the walls of "Old Drury," as General Welch and his talentea company of Equestrians does at the present time. Go and see?they are well-worth visiting. Theatricals, Ac* The Misses Bronson, assisted by Mastsr G Benkeit, fave s Concert in Carusi's Saloon, Washington, on 'uesday evening, which was well attended. ? Mrs. Penson and Mrs Lewis are proving very attrac tive at the Hamburg Theatre. Mr. Hopkins, manager and proprietor of the Menagerie at present exhibiting in New Orleans, had hi* trunk sto len, containing upwards of $1000. by one of the colored servants in the establishment where he boarded. It was shortly after recovered with all the property and the thiel arrested. Mr. Anderson had a bumper benefit at the 8t Charles theatre, New Orleans, on the 18th Inst. There is a rumor floating in BostoB that the large lot of land on Howard street, now occupied by the Taber nacle, was purchased a lew day* since for the new theatre Mr Hackett arrived in Paris, and shortly afterwards returned to London. Mr. Forrest ha* returned to London from Paris. Mr. Booth has been re-engaged at the National theatre, Cincinnati. Personal Movements. Mr Robert Owen ia delivering lecture* in Washington, explanatory of an entirely new and highly auperior state of human existence in principle and practice. Meaars Henry and Keevil were delivering lecturea in Macon, Oa. on the 90th inst. Mr. Tickett, of New Orleans, was nominated on Friday, to the Senate, as Consul at Havre, in place of Mr. Beardr ley, who will return home with a very handsome pro perty. Mr. Pickett, it is thought, will be confirmed. Mr. Henry Clay has consented to become an honorary member of the Henry Clay Institute of Baltimore. City Intelligence. Fire.?About ten o'clock last evening, it was discover ed that thq steamboat11 Oazelle," moored at wharf No. 99 at the foot of Duane street, was on fire in the engine room. The bells immediately struck out, aqd in a ie? minutes engines sufficient were on the spot to swamp the vessel, and by the prompt and energetic exertion* ol those who accompanied them, the Are was confined to the spot where it first originated, doing little or no injury to any othor part of the vessel Hew tho fire originate.' we were not able to learn The vessel had but a few mi nutes before reached the wharf from Now Jersey. Poltea Olllce.?Wednesday.?PicKion a Pocket Aa Mr. Sheldon Ba.sett. of Pennirgham, Connecticut, was passing along Pearl street by Pine, with a couple ol friends, he lelt some person nibbiiDg at his coat tail, and placing hia hand upon his pocket, found that his wallet, containing about $195 dollar* in hank bills, and several notes of hand and other papers, had been abstracted. H> could see no one behind him, but aemartly dressed gen tleman was walking belore, and tie was pursued and i>r rested by Mr. B. and his friends. He loudly protested thstbe was e gentleman, and would not be ioaulted ; but oneol Mr. B.'s Iriends uubottoned his vest, snd Mr. B V pocket book dropped out from under the gentleman's vest He was then taken to the police office, where he was identified as Charles Davis, a notorious pickpocket, and he was fully committed. At* Owtvca wanted rom |l#n - An owner is wanted at the police office, (or >160, consb ting of a $100 bank bill $60 in small bills, which waa taken about three week* since from n black woman. She says that ahe found it ia Walker street, but there is every reason to believe that she stole it. Application munt he made to Sidney H. Stewart, at the lower police office Upper Police?Htahsipit. ?Nicholas Scbnff-r waa arrested ynaterdsy. for stabbinga man named Jacob Kei fur, on Monday night, wilh a knife, in tne back. K.taad been to the portpr house of 8. with some friend*,and K . alter the departure of the frienda, ejected him and stab bed him in the hs< k. He waa held to hall. Eacart.n Convicts.?Laat night three convicts escaped from the penitentiary, in one of the hoata belonging to the establishment, and were retaken this morning by M P. Williamson' Ooroner'a Office ?Found Dsownsd.?The coioner was called to hold an inquest to-day upon the body of * man named Keith, about 96 yeera ol age, a oiti*?n of Brooklyn, who waa found drowned at the Bcrew Dock. The coroner was also called to hold an innuest upou the hodj of a woman named Reynolds, who (tied at No. 69 Cherry street, from tho effects of intemperance Interesting from Mfxico ?An arrival at New Orleans brings the following interesting intelli gence of the progress of events in Mexico: ? [From the N. Orleans Pic. Feb. 181 ?y the Creole, from Vera Cruz, we have advices from hat city to the 3il instant Our previous intelligence came duwu to the 81st ot January. Upon glancing at oui papers tue hist thing that met our eye was a long letter itoki Santa Anna, dated from his prison at Paro'e, on the JJd ol January, addieased to the Secretaries ot the Cham tier ot Deputies. Itisoueot the most humiliating docu ments we ever read He begs tor liis life as pititully as when on bis knees at San Jacinto, he and the valorous Gen. Cos supplicated 8 tm Houston tor mercy?a degrada Uon which Gdu. Almonte, in thu same emergency, scorn eil wuh the spirit of a man. In his communication to the Chambers?the substance of which we give Santa Auna recalls to the minds ot the members, in the most vaiu-giorious manner, the servi cea which he has rendered Mexico. He dwells particu larly upon the actions ot the 11th of September, 18.19, and the 5<h of December, 1838. He repeatedly alludes to his wounds received in battle, to his mutilated person, and praya like a hound that what little blood he has left la him may be apared He insists that in all his acts, from the very outset of the revolution against Spanish rule, be has had in view the interests and the glory of Mexico alone ?not personal aggrandizement. He admits that he may have eired in the adoption of measures, but he claims that ail his errors have been those ol judgment only. He scknowledges that the recent revolution, is now consum mated; he yields to the general will, renounces the Presidency, and is anxioua to atone for whatever he may have done of evil, by voluntary expatriation and the consequent loss of property and ot friends He laud*, with disgusting flattery, the generosity and magnanimity of Mexicans; asserts that even in thecou ti st which has resulted in his overthrow, he spared as much as possible, Mexican blood; that he maiutained himself at the head of the army, merely to enforce what he believed to be bis constitutional rights to the Presiden cy; that the actions which took place at Puebla were mere skirmishes; that he had dilflculty in restraining the enthusiasm of bis soldiers, and thst he voluntarily gave up the command ol them when they were unanimously devoted to him. He revives his favorite comparison oi himself with Napoleon, hoping that the parallel between their career* may be extended by bis own exile, and at the same time bragging that if he hav not effected quite as much as the Corsicun on the stage of life, he lias the advantage of having lost a leg ! But we are tired ol looking through thu paper, it is so unmanly, tawning and false. No true-hearted soldier oeuld have dictated it. As to the probable fate of Santa Anna, we can give no more deflnite indication than it contained in the follow ing letter :? Visa Cruz, Feb. 3, 1845. I havo only time to drop you a few linee. Nothing new. Santa Anna ii in confinement in Perote, while bis cause is before the Congress constituted in "Grand Jury" at Vlcxico. He must think eccusional'y of his friends--the Texan*. Government no doubt regrets that he did not es cape, as it is desirous of being generous with him, but at the same time feats public opinion, which is very stormy against the wretch. Should Santa Anna not be punished with all the rigor of the laws, another revolution against the actual gevernmeat would no doubt be the result. Great confidence is lelt by all in the present government, which in my opinion will prove to be a good one, and the first truly republican one this people has ever known. Respecting Texas, I would say that it is useless ever to expect the consent of this government to its annexation to the United States If it should be annexed, it will make a great deal of noise here, but nothing further than talk will result lrom it in my opinion The papers from every Department of Mexico come freighted wiih expression* of joy and gratulation. It may not be without significance, the fact that we cow receive our file* of the liberal papers aa due; a little while since we never could lay our hands upon one, unless it were forwarded by some friend at his personal risk. The papers notice, with not a little comment, the death >f D. Fernando Caldcron, the "illustrious Zacatecas poet" aa he is termed. The grand National theatre, (late Theatre of Santa An na.) is open at the city of Mexico. On the night of the 16th ult. a five act comedy, entitled " Flaquezaa Ministeri ales," was enacted. The communications from the Northern Departments of Mexico are still replete with Indian outrages The Gov ernment continues to express a des ire to repel tbo auda cious outrages which have been inflicted upon the inhabi tants ot thai distant section of country. When the Creole left Vera Cruz; there were ten Mexi can vessels of war in port of different grades, the two itcamahips being at the head of them. The French brig ?lercure, the British irigate Inconstant, the U 8. corvette Falmouth, and the Spanish frigate Cortes were also in the harbor. It ia a rare circumstance to chrouicle the arrival of a Spanish national vessel in Mexican waters. Senor Tornel, the ex-Minister of War, has addressed a communication to the Chamber ot Deputies, palliating the course which be took on the memorable 1st of December last He sought exoneration from all responsibility for 'he acta of that day, but it was not accorded to him, how ever. The " Sigiio" of the 24th ult. state* tbat Santa Anna was exceedingly depressed in spirits in bis confinement at Perote. One of the Mexican journals, in commenting upon the numerous robberiea oi cattle, &c., committed in Califor nia by the Indians, adds that they were stimulated to these outrages by the Americans About as true as most Mexi can reports of the affairs of the united States. No progress has been made in the trials of the ex-Minis 'ere, Bocanegra and Baaadie, and of the ex-President, Ca ll alizo. Amusement*. Palmo'b Opera House ?During the past week there has been a nightly increase of attendance nt thi* establishment to witness the representation oi the new burlesque opera ol '?La! Som Am De Beauties." which has been highly successful, and created conside Able laughter and applause. The imitation ot various Italian artistes are most capital. This evening Mdlte. Blancbard will introduce her wonderful performance on the Chinese glasses ; together with the exercises of the Greek Rhiges, and several Ethiopian airs, accompanied with instruments, he. They will be well worth wit nessing. Philadelphia Hotels?The Hotels in Philadel phia are inferior in many refpects to those of our city,excepting the "Washington House-' and the "United 4t*te*;" the former being the only successful rival ta -Sanderson's. Mr. Hartwell, with bis valuable aid, Mc Kenzie, has made the Washington" known to every travellerfof note,who journeys in the region ol coal mines and repudiation, is situated in the pleasantest part of the 'own. Judging by the praise lavished upon the superior management oi the houae?a fortune awaita ita popular proprietor, and a reputation the world will not willing let -lie. For familiea, it ia the moat quiet and deairable so journ imaginable?the waiters are well drilled, kind, and attentive, Indeed, aa good aa any in the world, not except >ng even the waltera ot Long'* Hotel. See card of address in another column. Court Calendar?Tills Day, Common Picas?Noa. 47, 21, 66, S, 6, IS, 14, 18, 30. 61. 7J, 9, S3, 3. Pennsylvania Canal ?A letter from Harrioburg, under date of 22d mat, says that the Canal Com miasionera have determined to let the water into the Pennsylvania Cannla on the 10th of March, or, if possible, sooner, so as to commence navigation on that day. We presume that the Tide Water Canal will be made ready for the opening of ita navigation on the same day. hectares on Shakspcan?Nr. Hudson will lecture again on ihe difference between the Classic and Roman tic Drama, and on Stutkspeare's Mind, in the Society Library Rooms, ibis evening, Thursday, at 7X o'clock. Admittance SO cents gentlemen with two ladies $ I, taken at the doora. Prlnee's Llnnaean Botanic Unrden and Nur series,Flashing,L I., near New York ?The new and unrivall ed deacriptive'catalognea of thia Establishment, (34th edition.) which have cost over $700, comprising this great and s-lect col lection of Fruit and Ornamental Trees, Shrubbery and Plants ; Splendid new f)ahlits;Bnlbons flower roors-OiernhouaePlants and feeds, with price* greatly reduced, and directions for their culture, will be seat graft's to every pott paiil applicant. The errors in the Catslnguei of others, are net right in tlieae ; which scientific Horticultuiiats have pronounced superior to any that baa appeared in any country, it may also be obtained at 33 Pine street. Orders per mail, will be executed with despatch, aud in a superior style, and forOrarded as directed. WILLIAM R. PRINCE St CO. 8c? Comstock's Ot Co.'s Advertisement In another column of thia paper. Oounud'o Poudre Subtile, for eradicating hair from any part of the human frame. Hi* Italian Soap for curias all skin blemishes and discolorations. His Liquid Ve actable Hi.uge. His Blanc D'Espagne, or Spanish White. His Grecian Hair Dye, and nil his other preparations, to he had genuine only at the origiu.il depot, 67 Walker street, first store fsom Broadway. Dalley's Magical Pain Kxtractor, at big only agency, 67 Walker street, first door from Broadway. Folgar's Oloaaonlan or All Healing Balsam. ?A remedy for asthma, fm cong'ssof long continutnce, diffi culty of breaihi.<g, bleeding at the lu ga, bronchitis, and inci pient cononmpti'-n Much is indisputably the fact aa t-e cases of cures CO stanily coming in will show. Th- success of this great remedy has been unusual and those who are troubled w i h any i f the above diseases wi'l do well to make a trial of it in tune. Delays are dangerous at this seison of the year; wait not an hour if you wish to preserve your health. For sale at 106 Noaasn Street, one door above Aun, and at Mis. Hays, 139 Ful ton st., Brooklyn. Daileyr'a Magical Pain Kxtractor, at Ml Cnnrtlandt street, at naif price, warranted genuine. Comstock's Kxtract of larsaparilla,?A certsincnre for tie following complaints Mai " ' Scrofula MercuriM D-aesaes. t hruu c Rheumatism. Bil ts'r in an impure stale of General Debility, the ?? d?. ( uDnrous Diseases, I Iceratinn of the Threat, Scaly Krcptions oi the Skin, Taius of the Bones, I'imi-les and Pusiit'et. All diseas's ar-aii g tfror" an impure stats of the Mood, ex posu-ea, imprudencea in life, eiceanive useof trercury This Wlebr-b-d medic-ue is i rennred in the must approved manner, from the pu-eit inar dients, and is sold at inch au ex treme low price, ihat all can affjid to use it?viz : SO cents per botile, or $4 per d<*-n, in as'arte bottles as others that sell at the en -rmons price of one dnllai per botile It can be found only at 2' Courttandi strict;49 l'oydr?a street. New Orleans ; 69 seeond street, St. Louia; 19 Trem int Row, Boston. Roaches and Bed Bugs.?At the opening a th* spring and rotnveneement of warm weather, Bed Bnns an i ockmaches usually commence their depredations ; but a families msv rely upon it. if they use a single bottle i Seunholts's Roach Bane, that they will not lie troubled wit these noxious eermin during tha coming summer. Whenevi the varmin are the most abundant, its effects are the soom ma-'e manifest?it destroys by the thousand Sold only at 1 Gonrtlandt street. Price 2) and Jo cents. Mcdlcnl Notls-e.?'l'lte Advcrtlsemsnts of list New York t'ollegeof Medicine and Pharmarv, established fns the Suppression of Quackery, in lite cure of all disease#, will hereafter appear on the fourth page and last column or this oapet. W. S. RICHARDSON, M. D , Agent. Office and t onsiil'.inv'Ko ims of ihe Coll. ne.94 Nassau stree All Pltllatleltilila aniisirlptkini tst th* IXXiUP mux' b? pud t.i the stents, Zielier A Co., 1 Iwdge Buildings. Third meet, near Chestnut, where single copiei may also lie obtained daily at 1 o'clock B'" All the new and cheap Publications for sale at their at ihi lnhment, wholesale aed retail. (T?" Witfi the exception of one paper, the "Herald" is read much, porhepi, in Philadelphia, as any |i*|ier published in int city, n(fording a valuable m?dinm to advertisers. Advw that t tlremeiits handed to the agents gt half past 4 nvlnck, will ap pear in tha Herald naxt day. n4 ly MUSKY MAJKKKT. Wednesday, Feb. 586-6 P. M. The Anticipated passage of the Texas resolution lirough the Senate continue* to txert an unfavorable i, it'ienco upon all kin 1* of ilook*. and quotations are ste< lily declining The sales to-day were not very large, hi xices are below toose current yest-rday. Stoniugto fell off j per cent; Noiwieli and Worcester, Ij; En Itrilrou l. J; Reidmg, J; Morris ( anal 3; L'Ji'g Island, farmers' Loan 1; Illinois, 14; Ohio 6's, J; Canton, J Pennsylvania S's and East B nton closed nrm at yeste lay's prices. We cannot look lor any improvement, or any it ailily in prices until (Tee the udj lumment ol (.01 greta, and should the Senate concur with the House i tiiu Ti X is resolutions, there must be a greater panic i vVuil street t an has been known for year* Quotatio, for tnuny stock range *0 high and are so much above tli actual value of thu investments, that there is a large nil gin for a decline. . ? , The Texas question should not have the slight? effect upon stocks, particularly upon lanelea, tt actual value of which ii of so little consequence, 1 (ur us inaiket prices is concerned. But all thesepu lie movem nts, all these political plans, do and iiivariahl will influence, one way or the other, quotations lor stock ind those who are shrewd enough to step in and take a vantage of the panics produced cy these turns upon pi lineal questions, invatiably make money. It requires! great deal of nerve and Judgment to take hold at sticlil ume, but tboie.who Jo so seldom fall in making small fol ?unee. When speculation runs high and quotations ail daily advancing from one to two per cent, all are anxioil 10 take hold and go into it as deep as their capitals will a I mit.land eagerly purchase?under the excitement a ri?irJ market usually produces?stocks at pricea ten to filt-"l percent higher than those ruling before the spoculatio.l ?oniincurcil. We should not b< surprised to see, but cI th" contrary, anticipate, a very great rise in stocks aft | the adjournment of Congress and the settlement of >1 ihe political question* that have been agitated for t| past threo months. If the Texas and Oregon hi ire not disposed ot this session, they will ho at rest un L Congress marts again in December next and in the mm I limejtheie must be an improvement in all depattnaents business. Friday being packet day for the steamer leaving B' ton for Liverpool on Saturday, the 1st iost, there has hi i .lemaivl for foreign exchange. We quote bills on Ln I don at 109J a 110; Paris 6'. is a Sf. 23}; Arasterdim, 40l 401; Hamburg, 33j a 36j; Bremen, 79 a 79J. A modern! amount of business has already been done, and (rom 11 demand existing, we should judge 1em1ttane.es to a lar amount, would bo made by the steamer. The Canal Commissioners of Pennsylvania have deb mined to open the State Canals for navigation on the id j of next month. | The bill authorising the Baltimore aud OhioRatln Co. to construct their rood through Pennsylvania, frt Cumberland to Pittsburg, is now beiore the 8tato Sena and meets with considerable opposition. The monthly report* made by the Banks of Ohio to t Auditor of the State, show hut very little variation the aggregate movements. It will be seen by the aont ed table, that lor the past two yeara their operatic have beon very uniform. Banks or Ohio. . Loans. Specie. Circ. ue January, 1813 S3 89',333 521.096 1,350,143 748, July. 1843 4.084,220 735.86 1 8,135,351 560,, April, 1844 2,827.195 733,675 8,187,644 400, October, 1844 2,950.674 719,089 2,23?,097 315, 1 January, 1845 3,343,216 751,085 2,392,939 412, There oie but eight banks in Ohio, having a capital $2 849,460? the total assets of which amount to $5,647,2 In'.May, 1837, there wore thirty-three Banks in Ohio, h ing a capital of $10 870,099. The loans and diacountf these bank* at that time amounted to $19,603,862. annex a comparative statement of the banking movem? in Ohio for two periods. Ohio Banks, in 1837 and 1845. , , Bks. Loans. Specie Circ. Dept. Cam. May 1837.. 33 19.505.662 2,ill 614 7,697,261 6,501,360 10,870 jan 1845.. 8 3,343,216 751.085 2,392,939 412,889 2,349 Decrease... 25 $16,162,446 1,560,529 5,304,312 6,060,471 8,520 This table shows an immense variation in the bank: operations of that State In eight yeara there has bee decrease in the discounts of the banks of more than * teen millions ot dollars. Twenty five banks have gone i ot existence and the bank capital has been reduced fr nearly eleven millions down 10 about three. This contr tion in the hanking system of Ohio has been attended ? serious embarrassments, with wide spread ruin aud t mouse losses. According to the reports made within past few months, it appears that the operations of the maining bank* of Onto ha ?e brien very limited,and judgi irom the prosperity that exists in all parts of the State, think the people have all the banking privileges nqui to oarry on safely and profitably their legitimate busim The productions of the State have rapidly increased un the limited operations ot the banks, and its resour nave been more rapidly developed than when alltpei of speculation raged so extensively. The bill which has just pu.sed the Legislative of Ol to increase the baukiug capital of the State, will do m .o bring anout speculations than any thiug else the Lei lature have done. Very few States m the Union have tered so severely fram mismun igt d .banks as Ohio, the people cannot? with the experience of the pnst in tl minds -be in lavor of such a rapid and extensive inert iu banking, as this bill authorizes. We published a few days since extracts from a memo presented to the Legislature ol thia State, requesting passage of a law te compel the banks to make then sue* current in this city or in Albany We have si been examining a report aaade on this subject winter by the committee on banks in the lower huus the Legislature of thia State, and find many *?r arguments against the passage ol any law requiiing banks to make their iseues par in this city. The anne extract from the report alluded to shows what r woull be produced should the prayer of the petitioner granted:? , . . "Our State is surrounded by institutions whose isk are not and will not he made redeemable iu the city, are in direct nod constant commercial intercourse e the Canada*, with the New England States, with h Jersey, with P? nusylvania, with Ohio, and with tho ? er States bordering on the great lake*. On every ft tier we are exposed to the introduction of the curre of those States?a currency that is beyond iheresc our laws, and whoso intrinsic value is unknown to community. The policy heretofore pursued, has prev ed the general adoption, by the inhabitants ot this St of the|notes of thrsa bordering States In the atte to mike our present circulation rao'e desirable, we wi take it away from our own people altogether, and gir it* place one ol uncertain value and entirely beyond aontrol of our laws .? We have laws on our statute books prohibiting the culation of the issuei of foreign banks in thia State, they are a dead Utter. If these laws could be eufor we should be able to obtain the passage of a law re> ing the issues of our State banks to be made par at a tain point. We have in circulation in this city and * tho issues of every bank in tho country and in the C das, of not only the good banks, bat of the worst ' plaster, wild cat banks in existence. Should the is ol the country bonks of this State bo snode par in city, there would be a demand for the issues of b. which were at a discount and the bills of our b. would be exchanged tor bills of foreign banks, by t having large weekly payments to make to the labo classes, ana the mechanic would therefore he comp< to receive a currency very much depreciated, i which he mightibe obliged to pay a discount of one, or three per cent. It is a long established custom an the master mechanics of this city, to go into Wall t every Saturday with their current funds and exchi ihem for other funds, which are at a discount. T bills they pay out, lor tho amount they represent, to mechanics they emplov The greater the discount oi bills, so long as they will pass, the more profi'able to purchasers. By this operation many master mech; make from $60 to $76 per week. The circulation ol the Safety Fund and free banl this State, in this city, checks the circulation in a sure of the issues ot foreign banks, hut the passage law compelling the issues of our banks to bo made p thia city, would open a door for the admission ot amounts of foreign bank bills, and give usacurr more mixed and more depreciated, than we now 1 We should that, of two evils, reject the greater, the passage of a law compelling our banks to improv value ot tue r issues, by makiog them par in this citj should be flooded with a abinplaster cnrrency,it Is | that the passage ot such a law would produce more than good There may he other objection* to the sage cf such a law, but this one is aumcient to satiif; Tho report before alluded to, contains other arguti against the passage of a hill to redeem their notes a in thia city We annex a further extract. "Cases are not untrequent ol combinations to dei banking institutions. If for every dollar to he rede two dollars must bo provided, one at the counter o bank eud another in New York, with whst degree of ty could any bank issue it* notes V' "While it wn cumulating fond* at home, its notes might he cole for the very purpose ol destroying its credit by a Jet in New York, or vice vena Under ihla system? bank would be in the power of any capitalist who sb have an interest to subserve, or a passion to gratify 1 destruction. He would gather Its notes, and, ho learot where its resources were most concentrate'! a. nttbem at the other place for payment, and failii ob'ain it, publish the institution as hankrup*." The banks of New England are not compelled bj to redeem their issues in Boston The Suffolk Bink tern la formed by a mutual agreement between the t ot the N. E. Blaies. and the a< rangement can he hrnkt by any bunk, should an attemnt he made to use it or ?irely Bo long a* the banks fiad it for their mutual rest to sustain this system, they will do so. hut the b.iund by no law or any other power Should the h of this State be compelled by law t* adopt the New land system cf rcdemptku^ there would be no alterm but, under any abuse, the hanks would be compel! must submit to it. In 1W8 there wa? a law passed hy thr Legislate this State,providing for the redemption of the note* ( Safety Fund Bank* in this city. On the 38'h of that year, the redempii in commenced, and the Bank, the Leather Manufacturers' Bank, and the Chants'F.xchnnge Bank were appointed ngcrPa for purpose. Thia ayatrm was en forced upto.luly.il little more than two year*, and throughout tba'whi that time, the city waa fllted with all kind* of Wil ahinplaater bill*, and the paper circulation was ? most warthlesH description As soon as that law w pealed, the currency rapidly improved and event became tolerably good. Whan wa are lurroundcd such hank* aa tha Plalnfleld Bankol New Jersey, an Lehigh county Bank of Pa . it U highly importun we should enforce what lawa wo have on our at hooka to prevent the circuletiou of their it aura withi lltni'a. Governor Ford, of Illinois, sent a apneial bp s.?t>i the Legislature of that Bute on the 14'h init. in ryl to the propoeed loan in aid of the Canal He says tin landholder* agree to advance one million six hi. thousand dollars to complete the Canal provided a levied under the authority ol the Legislature, no sessiou, and measures secured to pay one half y dividend on the 1 at ol July IH46 o' one hah ol one pel on the whole exiiting debt,which.taking the' whole ing debt to amount to eleven mllliona ol dollars, w n quire annually, one hundred and ten thousand do That thu interest rrmain at one per cent tintil th day of July, 1848, when n dividend of one per cent annually,h" i il *,in.-? ' . Itv t?0 percent, the intcreat 1 . tit until th< day of July, A. D Iti 0 it idivel nd should he ofoneanle hall |?er cent, making nnnunlly thrc cent That the interea* ahotild remain at thteo per tilTthe first of July, IBA3 when n dividend should he of two per Cent , making annually four per cent the interest should remain at tour per cent till the flu

Other newspapers of the same day