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TllE IIOOiVS LICK TIMES. JAMES R. BENSON A. CLARK II. GREEN, Puhlishtrt and Proprutort. T E It I?I S rpfflS PAPER is published weekly, at $ii in -L advance, or $4 at the end of the year. No papor will be discontinued but at ihe option of the Editors until all arrearages are paid and a failure W give notice of a wish to discontinue will be aaidered a new engagement. Kates of Advertising. One dollar per square, of twelve lines, or less, for the first inseition, and fifty cents a square for each subsequent insertion. For one square 'i months, twenty dollars. Merchants or others advertising by the year, to the amount of fifty dollnrsand upwards, will bo en titled to a deduction of one third, where a regular agreement is entered into. Where the insertion of an advertisement is or iered, without the number of insertions being spe cified, it will be inserted, (in the discretion of the proprietors) until forbid, and charged for accor dingly. All advertisements from strangers, as well as all orders for job-work, must be accompanied with th cash, or a reference to some responsible and onvenient acquaintance. BOO N'S LICK T I "ERROR CEASES TO BE DANGEROUS, WHEN REASON IS LEFT FREE TO CO MR AT T." Jefieuson. Vol. 1. FAYETTE, HlSSOt KI, SATURDAY, JAXl AItV 10, 18 11. So. 11. From the BoslM Daily Times. O. K. What is't that ails the people, Joet . They're in akurious way, For every where I chance to go, There's nothing but o. K. They do not use the alphabet, What e'er they wish to say, And all Ihe letters they forget, Except the o. and k. I'vs seen them on the Atlns' page, And also in the Post, When both were boiling o'er with rage , To see which fibbed the most. The Major has kome off the best; The Kernel is surprised! The one it seems meant oil Korrect, " Theothcr, oil Kapsized! Processions have been all the go, And illuminations tall: Hand bills wore headed with K. o., Which means, they say, kome oil! The way the people sullied out, Was a kaution to the lazy; And when o. k. I hear them shout, I thought it meant ollkraiy. They say that Blair, the editor, Iso. K.off to Kuba, But what it is he's gone there for, Is nothing but fulse rumor. K. K., the konkered kandidate, Must yield to freedom's right; lie's a handsome man, but K. x. K , He koM not kome it kieite! There's Butlor too, in whom, Whigs say, No man kan safely trust; They tell him oft to k. k. k., Keep karefully hit krust. The people thought when he took hold To prove that votes were bought, A monstrous fraud would kwick be told, With Whigs. Or K., ollkaughl! The Merchants too have been o. k., Hard times have loudly said it; It long has been too much their way, To buy and sell on kredit. They'll now adopt as bad a kourse, Be o. it., over kaulious, Which constantly will prove a source, Of miseries and tortures. The President, that big steam ship, Has acted very droll; She was o. k. her second trip, For she got out of koal. K. k. k. is the proper name, For all the New York boats; Kernard km konquer on the main, Each streamer tha'. it floats. The would be swell, whose purse is drained, Who kannot kut a dash: To see o. K., his heart is pained, Because he's out of kash ; He e'en resolves to kut his throat, But feels somewhat afraid. He views o. K. his orful koal. And Earfi fast bill unpaid. When'er you rea4 an accident, 'Tis o. k. you see; An orril'lekalamity, Orful katastrophe. And when the people rave and rant, About some trilling thing, You'll find it's o. K., oU kant, Which makes ihekountry ring. They're running k. k.'s in the street, And handsomely they go; I've heard the kalled konvenient Kabs, By one who ought to know: He said he rode in one, one day, When heavily it stormed, And thought them just the thing for those Who are o. k., oil korned. The beauteous girls, unkonclously, Kause many sad regret', They love to be o. k., Such orrible kokells! I know of one whose flsxen hair, Hangs down o. k., oil kurly; Her lips the sweets of Eden bear, And more, she ne'er speaks surly . To win this angel's heart and hand, I used o. K., oil kunning; And thought to make my konverse grand, By great attempts at punning. Twas all in vain, she meraly said Sho liked me as a friend, ' And now she's gulling a young blade, Whose love thus sad will end. The kry of o. k. rends the air, From North to South it goes, , It's on, a shop in Brattle Square, Where negroes sell old klothes! The world ne'er saw such kurious times, Since politics were born, You'll see o. k ou grain-store signs. Which stands for Oats and Ktrn! This theme has on Pegasus' way, Most wontonly obtruded, And now, with joy, I have to say It's o. S . oil konkludcd. Yet four more lines I needs must write, Froii) which there's no retreat, O. t. again I must endite, And lo! it's llkmrklr! C. B REVOLU IONARY REMINISCENCES. A TALE OF TRUTH. One pleasant evening in the month of June, in the year 17 , e mnn was observed entering the borders of a wood near the Hudson; his np. peaience was that of a person above the common rank. The inhabitants of tha country would have dignified him with the name of Squire, and from his manner have pronounced him proud; but those more accustomed to society, would in- form you there was something like a military air about him. His horse panted as if it had been hard pushed for some miles, yet from (he owner's frequent stops to caress the patient animal, he could not be charged with want of humanity, but seemed to be actuated by somo urgent necessity. The rider's forsaking a good road for a by-path leading through the woods, indicated a desire to avoid tho gaze of other travellers. He had not left the house where ho enquired the direction of the path, more than two hours, before the quiet ude of the place was broken by the noiso of dis tant thundor. He was soon after obliged to dismount, travelling became dangerous, as dark, ness concealed surrounding objects, except where the liglinings terrific flash afforded a momentary view of his situation. A peal, louder and o' longer duration than any of the preceeding, which now burst over his head seeming as if it would rend the woods asunder, was quickly fol lowed by a heavy fall of rain, which penetrated tho clothing of the stranger, ere he could obtain the shelter of a large oak which stood at a little distance. Almost exhausted with the labors of the day, he was about making such disposition of tl.e sad die and his over coat, as would enable him to pass the night with that comfort circumstances would admit, when he espied a light glimmering thiough the trees. Animated with the hope of better lodgings, he determined to proceed. The way, which was steep, became attended with more obstacles the farther ho advanced, the soil being composed of clay, which the rain had ren dcied so soft that his feet slipped every step. By the utmost perseverance this difficulty was finally overcome without any accident, and he had the pleasure of finding himself in the front of a de- cent looking farm house. The wotch dog began barking, which brought the owner of the mansion to tho door. 'Who is them?' said he. 'A friend who has lost bis way and is in search of shelter,' was the reply. 'Come in,' added the first speaker, 'and what ever my house will afford, you shall have with welcome.' I must first provide for the weary companion of my journey, remarked the other. But the farmer undertook the task, and after conducting the new comer into the room where his wife was seated, he led the horse to a well stored barn, and there provided for him most bountifully. On rejoining the traveller, he ob served, 'that's a noble animal of yours, sir.' 'Yes,' was the reply, 'and I am sorry to be obliged to misuse him, so as to make it necessa ry to give you so much trouble with the care of him; but I have yet to thank you for your kind ness to both of us.' '1 did no more than my duty, sir,' said the en tertainer, 'and therefore am entitled to no thanks. But, Susan,' added he, turning to the hostess, with a half reproachful look, 'why have you not given the gentleman something to eat?' Fear had prevented the good woman from ex ercising her well known benevolence; for a rob bery had been committed by a lawless band of depredators a few days before, in the neighbor hood, and as report stated that the ruffiians were well dressed, her imagination suggested that this might be one of them. At her husband's renion strance, she now readily engaged in repairing her error, by preparing a plentiful repast. Du ring the meal there was much interesting con versation among the three. As soon as the wor. thy countrymen perceived that his guest had sat- isfied his appetite, he informed him that it was now the hour at which tho family usually per formed their evening devotions, inviting him at the same lime to be present. The invitation was accepted in these words: It will afford me tiie greatest pleasure to com mune with my heavenly preserver, aftor the events of the day: such exercises prepare us for the re- poso which we seek in sleep.' The host now reached the bible from the shelf, and after reading a chapter and singing conclu ded the whole with a feivent prayer then light. incr a nine knot, conducted the poison he --o - entertained to his chamber, wishing him a good night's rest, and retired to an adjoining apart mcnU 'John.' whispered the woman, 'that is a good gentleman, and not one of the highwaymen, as supposed.' 'Yes, Susan,' said he, 'I like him better for thinking of his God, than for all his kind inqui ries about our welfure. wish our Peter had been from the army, if it was only to hear him talk, I am suro Washington himself could not say more for his country, nor give a better history of the hardships endured by our brave soldiers 'Who knows now,' inquired the wife, 'but may bo he himself, after all, my dear, for they do say he travels just so, all ulone, sometimes. Hark! what's that?' The sound of a voice came from the chamber of the guest, who was engnged in his private re licious worship. Afier thankingis creator for his many mercies, and asking a blessing on the inhabitants of the house, he contniuud 'and now Almighty Father, if it is thy holy will thut we shall obtain a place nmong the nations of the earth, grant we may be enabled to show our gratitude for thy goodness, by our endeavors to obey thee. Bless us with wisdom in our coun cils, success in battle, and let our victories be tempered with humanity. Endow also our ene mies with enlightened minds, that they may be come sensible of their injustice, and willing to restore our liberty and peace. Grant the petition of thy servant for the sake of him whom thou hast called thy son; nevertheless, not my will, but thine be done. Amen.' The next morning the traveller declining the pressing solicitations to breakfast with his host, declared it was ncecss.aiy for him to cross the river immediately, at ti e same time oliering n part of his purse as a compensation for the attention he had received which was refused. 'Well, sir,' concluded he, 'since you will not permit me to recompense you for your trouble, it is but just that I should inform you on whom you have conferred so many obligations, and also lo add to them by requesting your assistance in crossing the river. I had been out yesterday endeavoring to obtain some information respect ing our enemy, and being alone, ventured too far from our camp; on my return, I was suipriwd by a foraging party, and only escaped by my knowl- I advert lo this subject now with no view to particular legislation, but upon the supposition that a contingency may arise when it mny be come ihe duty of the Legislature to express, in the usual way, the opinions of the State upon it, in reference lo somo modification of the Exec. u!ive power, as defined in the Constitution of the United States. Under our complex system of government, no subject has given rise to greater dilliciilty, or va riety of opinion, than that of the true d vision of legislntive power, under the Constitution, be tween ihe General Government and the Staffs. On all subjects of this character, prudence and patriotism alike denii nil, that both panics should In, bear, if possible, to enter the field of conflict in jttirsuit of a qucs'ioialde claim of juiisdietion. That spirit of confession, o pow taai'Iv operative in the formation of ihe Fcdrr.il Constitution, should always be invoked by tho.-e, whose duly it mny be, either as officers of ihe General or "-'late authorities, to fix its true inter pretation. When wo regard, however, the inva,. riable tendency of power to reach after still fur ther and more extended dominion; and when we coiis'de.r the obvious advantage, whuh the Na tional Government enjoys in n conflict with a single State of the Union, arising from its greater weullli and patronage, and by consequence its superior influence over public op'n'on, it be comes the obvious duty of the Stale Legislatures to watch with vigilance, and on all questions not within the province of the judiciary, to assert, in a peaceful, yet resolute tone, the claims and powers of the weaker party. The present financial condition of our State, as well as the intrinsic importance of the sub cct. w. 1 am sure insti v me in hpatnwmp at edge of the roads, and the fleetness of my horse. I 't,;s a passing notice, on a claim often My name is George Washington. preferred by Ohio, with many other States in the Surprise kept the listener silent for a moment, j union, the adjustment o! which, though atone then, after unsuccessmllv repeating the invitation "ncn lne P01"1 "mpieuon, remain. , , " , , . , a subject open for Lie coustderation and final to partake of some refreshment., he hastened to actio J of ConereM. call two negroes, with whose assistance he placed the horse on a small raft of timber that was lying near the door, and soon conveyed the General to the opposite side; where he left him to pursue his way lo the camp, wishing him a safe and pros. perous journey. Un Ins return to the nouse lie found that while he was engaged in making preparations for conveying the horse across the river, the illustrious visitor had persuaded the woman to accept a token of remembrance, which the family are proud of exhibiting to this day. Baton Rouge Gazette. rj3"We have the inaugural address of G jv. CottwiK of Ohio, and find a frank, direct and unequivocal production. We. make the follow ing extracts: The narrow limits within which Executive power is circumscribed by the Constitute on of Ohio, has been the subject uf much curious speculation, of no little censuie by some, and of high encomium by others. Neither the Con siitution of the U. States, nor those of few, if any of the States in the Union, furnish a paral lel to this strongly defined feature in ours. With us the Executive has no agency whatever in the enactment of laws, except the very feeble and humble one, il agency umay be called, of "re commending such measures as he may titem ex pedient." The laws, when passed through both branches of the Legislotute, arc nut submitted for Executive approval, nor has he in any con tingency that "Veto power" which, by one class of political philosophers, has been deemed essen tial to protect tne people against a supposed uasiy, impolitic, or unconstitutional action of liio leg islative department. Except in one or iwo in stances of very subordinate character, the power of appointment to office by the Governor is lim ited to sucn vacancies as mr:y occur in me ro- ces3 of the Legislature; and such appointments, when made, expire by express limitation, at the close of the next succeeding session of that body. The admirers of a strong Executive, have, in my judgment, most erroneously supposed, that a large patronage, resulting uom uio power oi ap pointment to office, was a necessary branch of Executive power, in order to give stability to the government, and secure a prompt and faithful ex ecution ol tne taws, tneuemaioi mis, as wen as the veto power, to the Executive, by our Con- stitution, (forming as they do a striking pecu liarity) can probably only be rationally account ed for. by reference to the history of the times which gave it birth. The Constitution of Ohio was formed in No vembcr, 1802, very soon after o most animated snuggle between two great political parties in tho United States, which had resulted in uie election of Mr. Jefferson to the Presidency. Oi the questions which divided the people of turn i day, that touching me powers and patronage ui the Executive was prominent. 1 hey woo fa vored a restricted power, and stinted Executive patronage, prevailed; and ol this school (llieii denominated Republican) was the convention that framed our Constitution. A leartul jealousy of Executive power, with a strong conviction c I the pernicious influence of Executive patronage, all will agree, are indellibly impressed upon lucr work; and our expenenco ol nearly lorcy yens has given abundant proofs of the wisdom which (in tins respect at least) exerted its miiucncc upon their labors. Under this system, Ohio, il is believed, has advanced, with a pace equal to any of her sister States, in the augmentation of her population, and in tne development ot tier tesources: nor in those laws and social institu tions which advance the intellectual and moral condition of n people, need she fear a comparison with mueh older communities, governed by dil fcrcnt organic laws. Under this Constitution, the rights of person and property have been fully protected; all tho groat guarantees of civil liberty have been preserved, and in the vici-si-tudesof war and peace, the laws have in g"iieral been promptly and vigorously enforced. If oc cnsional, and even flagrant exceptions to this view of our history, are to bo found, it will be readily seen, that they wero of short duration, and had not their origin in tho want of Exocu tivo power to prevent or control lliom. Alter an interval of forty years, the people of the United States have again agitated the subject of a strona or restricted Executive action in the Federal Government, and again decided it, as they did in 1800 furnishing to the citizens of Ohio another proud testimonial of tho excellence, in this par ticular, of ihe Constitution under which he lives. -. i i . . several years 'igo, uongrc's, y very !uli mi. joritics in both branches, passed an act providiiic for dislributine the moneys arsin? from lie siie of the public lands among the stale. Tiiis a -t was predicted upon tho proposition that the pub lic lands were held by Coneress in trust; that the object? of the trust were specified in thed.-eds of cession comprehending these lands; that thesa deeds of cession were contnets; that the parties to these compact had agreed that the lands so ceded should be sold by the Gi ncral Government and the moneys arising Trum the nmds should be appropriated to tho payment of the then national debt, and then the remainder should be distributed amonsst the several States of the Union in a specifi-.'d proportion. At tho time of the passase of this bill the national debt was entirely extin guished, and it was believed by Conere5s that the contingoncy had accrued, upon which tho dis tribution among the States should commence. This argument, derived from the notion of a compact embracing the subject matter of the bill did not comprehend that portion of ihs public domttin embraced within the purchass of Louisi. ana and Florida, ceded directly to tha G.meral Government, by France and Spain respectively. The propriety of subjecting this last class t j the principle of distribution, was fjunded on a variety of considerations, h is believed by many, whose opinions are entitled to great con siderat'on, that ihe public domain was not prop. c:!r, nor ever should tie, considered a source ol revenue to the national treasury. A bclitf then prevailed, to such an extent as to B.r.ount to al most univeisal admission, that under any properly adjusted system of impost duties on foreign goods, the moneys arising from that source wouM be always equal lo ihe wants of the General Gov. eminent in time of peace, whilst those wants shouid be limited to that strict economy and re pnbiican simplicity which should always char acterize the institutions of a fiee people. The principles of administration, then and since avowed by the General Government, also g've to this claim of the State an equity, which, under other circumstances, might not so clearly appear. Willi very low exceptions, the General Govern ment will expend no money oul of the national treasury for the internal improvement of th country. This necessarily loft the whole ex pense of prosecuting a system of internal im provement to be borno by tho States, and for which the States have contracted debts that bear heavily upon their citizens, in the shape of di rect taxes. Many of ihe works thus undertaken, were of n character truly national, and demanded alike by the enterprising spirit of the nge, r.nd the true inteics's of thu whole country. In the same spirit of enlightened patriotism, mid bctiev ing that our institutions are based upon equality, and that every such system implies equality in knowltriire, and tne means ol aitainin:; to it as nearly as pos-iblo ; systems of common s hooi education, carrying its benefits a!i!;e to the high and the lowly, ihe i'u h and the poor, have been adont'd ty many ul ihe Mates this fund, as a mutter of poliey, and many of them as a matter of positive right, and Congress havp, in pursuance of this undoubted expression of the wishes cf the Slates and People, enacted a law; and yet, by the simple interposition of the will of one other branch of the Government, the will and power of the People ond the States are rendered of no effect. If we analyze till ihe objections to banks, as instru nenis for furnishing a currency, it will be found that they resolve themselves mainly into two, which arc said in pract'ee to be the natural resnl's of the system. In the fiisl p!a' c, il is .-Vd that the banks U3e the ciedit which their characters give them to ex tend the circulation of their paper; that, either from imprudent mariageuipn', or fioni fraudulent motives they '. timis icliise to pay gold or si I ver for their notes; that this depreciates tiie value of their paper, and to the extent, more or les, of such depreciation, occa.-ions a loss to the hold ers of their bills. That instances have occurred in tho past history of banks to warrant this ob jection, no one can deny, lint it is not true, that this has been eilher an invariable or general consequence of our system of banking. The occurrences upon which this objection is founded, hxve been occasional with chartered institutions, and not general. If wo compaie the losses sus tained by the community, from the partial and total failures of incorporated banks to redeem their promise?, with the failures and bankru pt cies of individuals engaged in trade, to the same exent, we shall find the latter exceed those of the former class by an almost incalculable sum. That banks under th" manaiement of men, like all others of our race, not perfect, either in in tegrity or wisdom, have sometimes failed, is a fat not less rationally inferred, from the impei lection of all human institutions, than it is clearly shown by historical facts. It could not be ex pected that any contrivance of tv.nn. would always and invariably, produce the cool, and nothing else, which it wes des'gi to to eu'-' t. Our aumirable system of aovenment so neiiin through the wilful oelinquem-v of those to whoso ' care it is entrusted", fa,iis to bring u? all the !!css. i iocs it is calculated to bestow; yet, fur ihr.fc occa ; :onxi failures, no American sta'es.nan thinks of abandoning our system ol republican libeitv. and coin? buck to the r'jyal or despotic govern -men's of former times, for a better stat? of IllllliS. If the community were which is now furnished L holders ol all the branches. In this plan, the whole, capital employed in the Slate should be bound for ihe redemption of ihe notes of ever branch; the parent board having power, under proper limitations, to control the business of all the branches. As ihe whole capital is to be pledged for the liabilities of each spparnte branrh a board representing the cnpital should have full power to pio'.ect it against the mismanageme..t of those for whose conduct in this scheme, it is made ultimatery responsible. In this plan, it is proposed to g:ve the State a proportion of tha stock, not exceeding one fifili of the whole, which should he repioscntod by a corresponding vote in tl.e election of officers. The books of all the institutions should be open at all times to tc-e inspection of the parent board, and subject also to the inspection at any and all times of the Legislature, in such modes rs it should dirc :t. The amount of circulation at any and all of the branches, to bear a proportion lo their capital, to be fixed by the Lpsrislature In the charter It is especially desirable, thai the chatter should spe cify the cases, if any, on which a forfeit ! re ol" versant with tho cnterprisinc spirit of our peop !e will at once see- thai individuals and voluntary associations would furnish that credit in other forms. It then becomes a question which of these two is safest to the laboring and producing the charter should fuilow, and that the facts in such cases should be found by a trial, in proper form, in the judicial courts of the State. In this scheme, also, it would seen to be (-finer to make the notes of each branch receivable in payment of debts at every branch in the State. To with, draw from the directory nil inducement to ex travagant and Injudicious is ics, and to put an end to ihe practice, sa:d to preva l to some ex tent, of adopting improper metlols to avoid the provision of law which forbids the receipt of more than six per cent, per annum on loans, il should be provided, that the amount of dividends, when they exceed a eiven per cent, per annum, should be paid into the State Tio-asury. Front the X. Y. Erprcs. TWENTY DAYS LATER: ARRIVAL OF THE ACADIA. 71'ic talcing of St. Jcani' Acre Reported sub. mission of the Pacha Prohnhh tfrmination of the Eastern Question The brightest pros ptcts for prolonged peace Birth of an infant Princess to Great Britain. The Steamship Acadia, fiom Liverpool, -1th instant, was telegraphed at noon. Sunday, and I arrived at East Boston at 2 o'clock P. M. The j Acadia niriv. d at Halifax on Saturday, at 10. A. M., Hi days from Liverpool, and left for Cos. ton same day. at 7i P. M makint; h:r whale ! riass-v' iu le.-s than 17 days. The news is most abundant, and of gfeat im ;p"it,at)'e We snail c'va in our next the full i pTtieiil.ars of tiie taking Si. J.-an '.'.Vae, which I the Enaiish papers set fonh ss a brilliant nffa'r. i A second edition of the Malta Mediterranean j contains news from Alexandria, which confirms the reports prevalent at P.iris of ih? submission ol ihe t'jciia. Tl'Pre xras a good deal of anxietv fur tin safe- dcprVd or that credit ! lv of tl:e resident steamship, which reached y banks, any one con- j Liverpool in sixteen dav,. She carried out the news ol Hie election oi uen. uairi.un. Another overland mail from India was expect ed on the. uih. Texas is recognized by England, and no mis i:,ke on condition of paying her share of the Mexican debt. "I IT li, ,n I-..-. I Irtt. r'n.i'ir.n o... ,n,l, experience is nol utterly deceptive, its solution ni, A Lon-.on Le-er says "the accounts Uongnt once results in favor of inco.poratcd companies, I by tho irgima. (packet s.i.p) from the h n.ted -unrdtd bv every provision vhich the wisJoin of," considered verv satisfactory, and it is the Legislature mav suggest. I presumed will have or. efiect upon those articles The second objection lo banks, i,, that u:et ; immediately connected with .hat market. , The expand their circulation at one time to an unu. : mar.d for money has cons.dcraoly abated and ;ul extent, and thus ra'ae ihe piice of labor and discounts havr. become easier, hut the Btll-bro. n.operty; and by a sudden withdrawal of that rs vet snow a great o-al of caution in their circuit-lion, either from necessity or choice, re-! operations and keep a supply of money on hand: du,e tho value of both.-thus, bv reducing lac-1 the rates of interest arc now ?J to G per cent on v,.,e of ihe debtors means ol navmem. in H'. .uerca.iu.e u.ic, . u . - effect augmenting the amount of the creditor's i demand against him. That this may b;, mid been ofi'-n done by batiks, is certainly t;i ; ill. -it tho same a.iiocul of credit in any o;1,ct f or a sudden influx ul ihe precious metal. secondary and inferior paper fV.at 'alarm was felt in England be ore the pfilval of the President. Sh was insnr'd fur fi") p"r cent, p.-.ovu n, a few days before ic.-r s sudden efflux, would reduce the same evils, Is' equally true. Instances of the latter kinl are numerous and too well known lo justify me in j recapitulating them here, in which banks had nat i the remotest influence; happening in countries, too, wiiero a metalio was the only currency. i In thosa instances, however, in which banks. Enters from L;vvpol rny there is nn im proved demand fir cocm, which caus?d a slight advance in prices. Th', say a let'er, has piob ablvbeen occasioned bv t'a? r.'f 'r of the Bank of England to advance lo-: s upon long Bills, which has relieved many pisau at Manchester and elsewhere, hy enabling them to make use of . .:, r oir,;,..! u-lvrW Imd Itep'i have produced either of the evils complied of. f ' w , ,0vk,d 'as 118e,, after the it is worthy of cons-dcroi.on. whether the fau.l I '!nl-tal;011 w dis.ouut bills only under lay in the institutions themselves, or ongmau-d in j . an extraneous influence exerted upon them. In "jn' ix.ej 3,t, f Wright & Co. of the notable instance of suspension o, sp.ee p-.y- ! c c anJ ll!3 of Mes. B.arkep & menls bythouank ol hngland in 1 1'.), ilisai , , , , , , u- ,,,, t ,,.,i., rnn. cted wiih the t ime.) Sta.es. in our Mocks, ure must injure the sale of them. 1 lie Messrs. Halkes. of Deal, and Johnson & Co These impose additional taxes upon the people of the Stat-s, which, though .as yet cheerfully paid, I am proud to declare, in our S'.ute, do nevertheless go to promote objects of vital import, as well to the nation collectively, as to the Suites, considered in their separate and sovereign character. Against any appropriation for this great and rs sentially lujtitm.al object, the doors of the Fed. eral treasury have been, mid probably to all time to come, will remain lorever closed. These i nroVT i ,..!.. l:.,.i l i t.. iiuu utiici niiiutuu i-uu:viii t'lLiuun uiuul;ii; cine well known fact, that an order of the Kmc and r :i ..: ... .1.,. i.i. .,i.,,.A :. T ,!.,, n tcuuiil unco tu tilt- i.faiiiv, jiuuiacu l,, ntiu bu.ib , . . . . i u.. . .. r . 1 and his la IL was luuuiiu.ju o an nib ui x a: I la lit'll I. iioui time to time, till the year 18i3, when by the judicious arrangements of the bank, it lesumed payments without producing any derangement in iho commerce of the country, or prejudice to the finances of the kingdom. The large issues, and consequent suspension of the banks in our coun try, winch took puce hum lo lC'tiO, nave ibten, with great justice, ascribed 10 the loans ! made by i:,e Guvei umcnt of :he Banks, which ! were the only means of prosecuting tins wai: j which, returning upon them at the close of the , war, with a fure'gn demand fur spe :ie, with the ( j failure in business, nt that time, of many of their : ! debtors, rendered ruspension inevitable, i;;d in 1 jmany instances were followed by nn ultimate j close of business. Amongst the causes that pro-1 .duced 'he recent suspension in 1S37, ihe in'Va- j I ence of the Government, though by no means in. i tended, is nevertheless atstinetly pe-r:e va.i:e. Tho whole revenue of the General Government I were deposited with them, under an iii-uuctlon ' from t!.e Treei-ry Department, to ue them as 1 harskin catital. A coufu'encc in the:r stiengt'u, ailsing fii'iii lies connexion with the Govern. men:, rt.v.mai enoug'i, mougn, as ti.e event Irish bankers and iwu hauls, have aiso stopped. The Steamboat Ma;! was detained in Boston till 7 o'clock in order to bring on her papers and letters. For extras we are indebted to ihe Jom . nal attd Courier, and lo II im ler's Express f .r our files. Mr. S'evensjii, the Ameiioan Minister. lrv.. acted business with the Chancellor of the Ex chequer, rn:i l.ad un interview with Lord N'jr mandv, at the Ho ne Office. GXEAT BUiT.UN. Her Males'y the Q leen was safely ('e.iivr-.l of a daughter on the afternoon of the "Jlst ids. ThP London Globe of thai J ay says The interesting ciisls winch was l,uvn to be near, but not so near, has anived. Her M.ijes. ! ty was early this foienooii selzcn witti the usual i symptoms, which continued to increase, with all the appearance of a favoinbio teimination. In. 'formation was rommunit ate.l to the Duchess of I Kent, and ihe other me.iib. is of the Royj' family in town who were immediately in attendance ; The cabinet ministers were also summoned, and I repaired to the Palace with all possible despatch. 'This afternoon her Ma'estv was safelv delivered gress, ihe legitimate trustees of the fund, to the conclusion that it should be distributed amongst the States. The Federal representation of each was assumed as the mo.'tt equitable rule of dis tribution, and ad.jjit-.vl accordingly. It would sejni ihatlhe justice and propriety of conceding this claim to the States, should now be a quesiion. l!y the passage of the act to which l refer, Congress, tho proper trustes of the fund, and the only legitimate guardians id' the national treasury, has acknowledged the right, and given its sanction lo the expediency of the measure. Tho reason, and the only reasms, why we are not at this moment in tho enjoyment of our proportion of this rich fund is to be found in the fact, that the President, then in the Execu tive Chair, refined his assent to the bill for thai purpose; ihus, by iho will of ona man, nullify, ing iho combined resolves of the representatives of both iho People and ihe States. It is a sin gular fact, and worthy our attention, as iflnstrat. ing ihe operation of the veto power of the Presi. dent, ond tho influence il gives to the ojiinion of one man, over the opinions of many, that a ma jority of the sovereign States of the Union, hav, at various times, insisted on iht distribution of !l be I have which ojijie intended by lmppy r .- i to suggest a br'ef oml'.i, irs to embrace the iat history ourselves ot a rs, as we-l ! il r-ff.u'l i.t lies id scen e basis, To this cud ol vent . i. .!.... ,.,..,:i,..i ,.!.. .i.,... uiei? t . ( t... II Ll 1 1 ' ll te'j ii.r.l.l, lO Lineal f. , , rr. r ' . - '.. , , . ola daughter. Ihf L'ueen. we reioice 10 snv. r to ol which so much . , ,.3 ,. . . ,,. . i , .ri ... ! is lo a nnrtenrance as well as her sudjects cao been made. 1 he contraction-, , , . ; ', .,, . . r , , , r c , .- Itt-Blir, nnu IIIC IHUSIIIUUS lllljlll U'lia Ittll ri'l nn. At five anil twenty minules to three, a salute was fired fiom ihe Tower, and oilier eun an. nounce 1 the joyous intelligence to hr Mrjfsty'.i subjects in the metropolis1. From the -Cthserre,- of Sunday. V l.T I. aits OF 1HB Accoi'cument of Hf.r (iu .cior Ma.'f.sTT ('cef.n Yn TjRU, N .v. 'Jl, 1 !'.'. The ;n tyeis of ths devoted people have : luv n heard 1')' heaven; a siu r essor in tiie du ect I'ne has been Inrnto llifl Br'nish Thr ice; and the beloved Qn- rii of lliese widespread realms :;. n .....;i nJ i,.,.. i,.-i r-...,i. ., ,;Lk til lSe pll'IiS nil infi. iiicima t.iiu ,t'.-ii ,i.i. u'.ve of the-! -hont "2 o'clock yesterday afternoon a Prince.- 'ii. .... . ten isru.ifiiir in n. n ni .1 i.a llama I" nun two great evils l nave noticed irsoivenc r oi the I , , . ' . ..-j---... institutions and consequent loss to the commn. I hearts of all her s-,becis were msdu glud by ,,ti..n,l ,,n.,n.,nl .;., ,,n,i -,,;, ! the auspicious event. 'Even wh la we write, (he .-. 'v-i "--"...... . . ,. ,.,,., ,i ,...u . . .r .1. . T ... A u:..u The firsl is a Mate Hank, with l,MJ 'y vi ..... ijonuon contains, are peanng oui a jnyou we; come to the young stranger, and hundreds of thousands of happy hear; are putting up their thanksgiving l j God for the blessing he has vouch. safed lo accord this nation. Tint the first should be s large issues compiamt has been made. 1 he contraction loo, which have followed, producing the most disastrous c lice's" upon the country, although to a gieat extent a necessary const quence of pre. vious over issues, were nevertheless hastened and pushed too rapidly fa v.v.wi, by well meant endeavors on the part of ihe Legislature to im. prove tha currency. Sup . of su h institutions, r,nd sn :: dispassionate view of otir .i ' theirs, we may hope t'lat a i lime, to establish them on a f. w ol the currency a convenient number or its blanches, at proper points in the Stat", with a cap'tal of such amounts as the business of the country would seem to re quire. Each branch to own it! own stock as its own separate property; but lo receive its pnpei from a common source, and be tubject lo the contrel of pjrnt hoard chosen by the stock- first offspring of ihe royal inaning female no one will icgrcl, lbs coil.