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Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, November 08, 1838, Image 2

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POLITICAL.
Fromthe Charleston Mercurj.
CHARLESTON MUST BE REDEEMtED.
Since 1789 the South has been gradu
ally stripped of her direct trade, by falso
and fraudulent legislation.
In colonial times, when there was neith
er Bank nor Bank notes, and no currency
but gold and silver, our agriculture and
commerce flourished more than they over
have done under the combination of Gov
ernment and Banking. Our exports then
to England alone, equalled our exports
since 1815 to all the world: and our imn
ports were from 5 to 7 to 1 compared to
our imports for the last 17 years.
In 1705, the exports were to the popula
tion $15 a head, and the imports were $12
B3 a head.
In 1830, when the Bank connexion was
in full force, the imports were only $1 S1
a head, and the exports $13 11 a head.
From 1815 commenced the injustice to
the South, the first cause of which was,
the alliance of Government with Hanks.
Specie was equally difficult to obtain North
and South, but Bank facilities easier to
got at thu North. The connexion has in
fact worked as a hard money system to the
South all along, and a paper credit system
to the North, more money being received
than spent in the South,the Sou'hern notes
received were sent to our Banks for specie
or exchange, to be remitted to the North.
At the North it was the reverse. The ef
feet was to take from Southern Banks their
specie, and place it in Northern Banks.
in the last six years preceeding the present,
there was collected by Governiment. in
Charleston 2,02236
And disbursed only 811,6014
Excess 2,081,032. which
was disbursed elsewhere, sent it N. York
probably, not in Carolina Bank notes, but
i specie. From 1819 to 1822, the United
States Bank drew in specie from the Sout h
and West, to New York and Philadelphia
alone, $22,523,877 94, without including
the exchanges taken. This formed the
basis of paper issues at the South, received
and paid there by Government as equal to
specie. Owing to this, while a Tariti, in
creasing the drain, depresses the Somh,
the Northern deposites in the Banks, and
the Northern trade flourish and increase
in spite of '1'Tarill' changes. Col. Elmore
gives tables proving this niost strikingly.
It goes on to show from olficial reports.
the advantage given to the North by the
6overnment :leposites,
In 1834, independent of amounts to the
credit of agents, the Government had on
deposit in New York near $5,000.00t1:
and the imports of New York increased
from 56 to 73 millions. Next year to 88
millions. In 1836, the deposites were in
creased to 12,000,000, and the imports
to $118,000,000. Next year the deposits
were withdrawn, and her imports fell to
70,000,000, a reduction of :39 millions in
one year.
Compare this with Charleston and other
Southern Cities. Having no Charleston
Deposits to trade upon, on the withdrawal
of Deposit.. Charleston fell aff in imports
only 290,000 Savannah increased 200,000
Now Orleans fell off 1,000,000-and Mo
bile underwent no change. In New Or
leans were a million and a half of deposits
which may account for the greater falling
off there. Boston awl Philadelphia fell
off iu proportion to Now York; Boston
from 25 and a half to20 millions, and Phil
adelphia from 15 to 11 and a half millions
This showed how mnch the North,and how
little the South used the public fonds in
trade. -
E .tract from the speech of the TIon. P, H.
Elmore, at the Colu~mbia dinner.
Out of niany mnodes.by which the depo
sites were made available to) the Northern
Merchant, 1.will putt a few eaises by way
of illustration. Thej~ grea t dIi liettniv, tot lie
the inmporting merchant, is t) uay the dut
lies. Suppose two miercha~nts lhave im
ported at the same time, caieb at cargo of
goods, suitable to their respective m-rklets,
and each costing, in Engltand, $100~h,000t.
One is a N. Y'ork, and thle oilher a Charles
ton merchant. I have shown m le intrequli
iy of the duties which would be levied; to
wit, at New York, 16 per eenii; at Cha;rlcs
ton, 25. rThe New Y'ork merchant wishes
to pay his duities, andl goes to .m Depisite
.lik mo burrow the motney. T'he latik,
having the public money ott deposite, is
glad to mtake six per~ cenit. aindl loans it
readily, not in mnoniey, but lby gi vintg himi
credit, on its btooks, for I 0,t',00t. \\'ilt
his certiieute, of credit. the Merchant goe's
to the Collector, and givnas him~t a chteek;
the C~ollector britngs the cheek back to the '
'lnank, anid the latnk puts1 ithe amttount to
the credit of the United Si ates aeaitn,where
it started frotm. Not a dollhw is drawnt
out orf lank; it is only a shiliinug of creudits.
The C harleston Merchanitt goes to a ltiank,
to borrow $25,000. The llank has no
deposites to loan uponti, aind ii w~l know'r
if it gives its own bills, that as soon as they
aire paid to thte Colletor, he will require
their redemtption in specie; or exchant ge;
to remit elsewhere. It tdme not boai the
mnoney; and1( the Merchtant, who impno~trts,
misteald of sending all his caipitatl.. to mtake
his puirchiases, miust thus reserve 25 pert
cent to pay his ditties. Is ii Potssible, that
he can, itus loaded with heuvier' dutics.
and compelled to reserve a part of his
capital, compete, on egnal tertms, with hi~s
more fortunate rivatl, who, in addition to
te use of his entire capitail, haus lie money
of the Governmeint to aid bim.
Another illutstration. T1he duties collect
ed, in every qluarter, lheyotnd what is spiet
at the place of colletiotn, are trainsferredh
to the point where they may be most con
vemnently available to Goenet Th'lai
city has growiln to lie the greait poiii of i ii
portation. All the United States are its
customers; andiu exchngue is in its fatvor.
A N. York merchati wishes to pity for the
$100,00) wvorth of' goods bought in Enig
land, which we have spoken oif before.
he applies to the depiosite latnk, for a
credit lor~ $100,000. it is readily given,
as there are ptlenity of pub~llic funids on de
posite, atnd the latik makes its 6 1per cnt.
lie takes it in the frmi of Blills, or certihi
cates of dleposite-setnds i hietm to his agenit,
ia Charle.,ion, whio sells them to vonr
merchants and rutailcrs, wvho tire hnSling
goods in Newv York, aii a premtium of I to
3 per cent-lays out the proceeds in cot
totn or ice. which hemshis *t& Lrp~.
and there bells; pays for .tho 100,000 of
goods and pockets a profit besides,' These
goods, thus paid for by your produce, he
sells to your mterclants, who have bought
his bills; .receives the samo bills in pay
nent, and, going to the Deposite Bank,
wvhere he got the credit, pays oll'the debt,
in the bills ho borrowed. Thus, again,
without one dollar being drawn out, the
Bank realizes six per cent on the deposites,
and ihe merchant, with the credit they sup
ply. gets possoesiu of Southern cnpital,
and carries on his speculation, making a
profit on every operation in the whole
transaction.
The operation of this system, in the ag
gregate, on the State, is worthy of exam
ination. I will endeavor to submit it. At
the Rail Road Convention, at Knoxville,
July. 1836, a Comumitteo of the South
Carolina Delegation, on which were six
gentlemen from Charleston, of the highest
intelligence mnd respectability, four of thea
eminent merchants, sulmtinted a Commer
cial Report to the Convention, in which
they stated, that there was $15,000,000
worth of mierchandizo sold annually in
Charleston. Merchaudize sold in Charles
ton in one year, $15,000,000
Deduct for Mer
chants' profits on
prime cost, 20
per cent, $3,000,00.
Do. for domestic
articles. of all
kinds. 4,108,195.
Do. For foreign
goods, imported
direct in 1835. 1,891,803,
9.00G,000
Showing, of foreign goods reach
iugCharlestoa, circuitously $6.000,000.
We will assume, for the sake of sinpli
fying the argument, that all these were
through New York. The New York im
porter has nt profit of not less than 13 per
cent, or -00J.UO; and when to this is add
ed, freight, insurance, and other necessary
expenses in sending them to Charleston, it
is not too nmomehi to say, the Sta.te has lost,
at least $1,0)0,000. on the year'a business;
which mast be paid too in the products of
your State, which art; equal to specie,
abroad or at home: or. what is the same
hing, it is lost in the price ol your rice and
cotton. Had these yiiofts. year by year,
that they hive been drawn fromt you. been
made by your own merchants, and kopt
at home, anl enriched our cities they would
not now exhibit either decay or dilapida
tion.
* at a a s
It was said, in the Knoxville Report, noi
doubt truly, that "m'terchandize may be itu
poted into Charleston, front Europo, on
more favorable terms, than into N. York.'
In this opinion, all t he importing merchants
of Charleston, with whom I have con
versed or corresponded. concur. What of
late years has prevented it, has been the
artificial advantage. given by the Govern
ment and bank connexion, to their rivals.
It is this reason, which they clearly per
ceive. that causes the great unanimity of
ours merchants and bankers, for the sepa
ration, and in support of the Independent
'reasury, and its specie receipts. They
clearly see that it will benefit Southern
banks, and Southera. trade. ''he idle cry,
that it is a war on hanks, and credit, they
know is unfounded. They well know the
amountofspecie required for this demand,
and will be prepared to ieet it. The
pressure will be gentle, and kinl, in com
parison to that harsh and inexorable run
produced by the United States batik. and
even the deposite Hank system-ta pres
sure then stimulated the purpose of ri
val institations, to lessen the business and
profits of our banks, and, by taking their
specwe and ealital, to increase t heir ow&n.
But, say the alaurmiists, if tihe Government
reluses the pap~er of the- baniks. the peoiple
tom will refuse to tatke it. A fact, is worth
maore tatin thaeory. F'rom Jnoly. I1$3G, by
law, the hilts ofevery banik which: issuaed
or circulatced a hanak note tunder S5, wer~e
refused by the Glovernmnt. The bank
of this Staite has always issuled tnies tun
der $3. Were her hills dliscredited!-Did
thc e pople, refuse to take theum, becausxe ther
G)oernmeo nt refusrd! So far from it, i lien
lihe susplensiulaon fspecie paymeursI~t took
place, than bills aif tfiat bankt stood higher
tan any in the Sm ate, and were hoardued
upa lke gold and s~ilver.* The anme fact
existed as to the bank of the Staite of Ala
hama, with exactly, thle s-ame cotisainten
e-cs. Tlhe credit oaf a lbank dl-eeds on its<
stabhility and caopital; and n0 ia- faiuhifuhly<
an ad homiest ly redeemai ng its engagtemoents.
Let it pay its bills in specie whlen demaaand-l.
edl, :and it will niever loseo co:ahtidece. To
othe h-anotks it is ainv thing b~ut hostile:
to labioi, .awl the aaioi-ing classes, every
where, it is vasa ;iv..ntage. In the North
where the oiver-growna capiaalists own thei
ban ks, and! otlx-r mi onopoldies, it breaks tap 4
teir schem-tes of livin~ tupon thle btihor oif 1
t~le pecople, ad th pa rrolits cif the public
l'reneuryt, lby which the rich are mnade
richter, aid lie poor. paoorer. The claim
ors of their mntuumerable presses, resaountd.
through thec latnd against it. Hut the peo-i
l,e i'hecre, as here, ore noct deltnded by it.
I hecy kntow it as a measure of deliverance
to) them.
Aniother objection urged against it, wvas,
hiat it wdi dI irb thle equai libriutm of for.
eigan t rade. atnd de(pre~ss the ,>rices ad otir
staple ptrodntitons, Cotton and fitice. In
F~ebirualry, 1837, a lill p~assed1 both Hocustes
of Cong'ress-ina ahe Senatte, b~y a vote of
d I to 5'; andl in the hlouse of 1'tepreseta
tives. 11:1 to 59, whi-h prohibmited lie re
ceipit, int payimnt of thle ipubi dk(Ue's, of
all the JillIs. of every latik, whiebl after its
passage, i-,sued er cirenlatedl bills tunder
$5--or. after 1831), issued-a or circuilated
bills tunder Si t-or :a'ter I $13. issuaed or
circulhatedh hill s tundler $20. The Pi-resiadent,
Geat .1 acksoni, did not ap~prove it, aid it
ntever becamie a law. It Wats a -. ifhi"
tmeasurtte, and had the wihole "WhIaig"' vot !
Tl'1e dhelared iintettiota, was, it drvo, as
fiar as paossible., smaiall bills, frotm cirntation.
andtt to give ai gener-al tindter currencyv of
Gobil andc Silver. To say notiing of it
its a mneasauae of severity, iand war oni the
banks, is it niot maifelist, that had it stuc
ceededl in its avowed object, aind btaished
all batik notes under 8201, from circulation,
' (.air readers in town will remember that thie
mieetig af catizens5 rnlled oni thet hianks to issuie
mioare ofithe stmall hills, ''discredited''maoneay.
T'hn hresidentt coul naot signa themn fast entoau h
for thet demrami-d.Ev u..a-i
it world have required 20 or 30 millions
additional of specie, to .supply. its place?
Yet all the country supported that measure,
and we heard uonp of those cries of its des
ulating tendencies, which are now sung
in our ears by is own authors, Compared
with this, its drain upon the world for
specie would have been vastly greater, and
the price of our staples, if their present
theory be true, ruinously depressed. The
highest estimate put on the amount of
specie required, if this Bill passes, is $10.
000,000. when it is in full operation; but,
as it gives six years to get into full opera
tion, it will require $1,666,666 GG to be
provided every year, far six years until
the sum reaches $10.000,000. I will not
detain you to show the amount of specie
estimated to be in the world; nor to show
how insignificant is the suan required by
this Bill, in comparison with it. it issuf
ficient to know. that from 1830 to 1838,
about 80 millions have been imported in
to the United Stats, of which, more than
50 millions remain; and notwithstanding
this immense addition (five times more
thou will be required.) our Cotton rose in
price, from 1830 to 1837, almost double,
and rice and tobacco did not fall. This
very year, on one speculation, the Bank
of England-the most cautious and jeal
ots of institutions-sent to New York 10
millions of specie; and at that Very time
cotton was rising in the British markets?
Mr. McCull.gchi, in the learned treatise on
Commerce, calls specie a commodity, and
says that England, from 1815 to 18:33, im
ported an extra supply of40 to ?50,000,
000, of specie etqual to 180 to 200 millions
of dollars; and yet, during that period, site
made her most giattic advances in gen
eral commerce. In the immense increase
of product ions for exehange, commerce h as
little need of gold and silver, except for
settling balances, and for dotnestic circu
lation.
But, weaker, and utterly unfounded, is
another objection, that it creates a Govern
m1weit Bank. What is a Bank? An in
stitution endowed with the privilege to is
sue notes, receive the funds of others on
deposite, and loan out its funds on dis
count. I hold the Bill to create the Inde
pendent 'Treasury in my hand, and have
carefully examined it, from beginning to
rind. I iavite all to do so who desire to
aindersanad it. There is nai, in it, the
slightest authority given, either to issue
notes or bills. to receive deposites, or to
loan out its funds in discounts, or other
wise. Ott the contrary, to loan them, will
he a felon, punished bv ianfany, fine and
imprisonment. "It has int.'' in the words
if Mr. McDauflie, 'one nitribute of a banuk;'
and he must either he recklese, utterly ig
norant of its provisions, or totally incapa
ble of understanding them, who, at this
late day, will risk his reputation, by such
groundless assertico.
Domestic News.
From tie Charleston Mercury.
STAT :CoYVETis--Dt RCT TRADE.
At a meeting of tne citizens held at
Barnwell Court Ilouse oa the 27th Oct.
Dr. James 0. HA(;OOD was called to
he Chair, tnil Beverly Samuel, Esq.
requested to act as Secretary.
E- Bellinger, Jr, after a few words in
explanation, introduced the followin jro
imble and Resolutions, which w t
inaimusly adopted: -
Whereas, the citizens not only ofr"his
State, but of the whole Smuth and South
West, have become convinced of the al
iolute necessity ofopening a direct com
nunication and trade between Europe
atnd our Southern aid SouthWestern ports,
and whereas: the Convention of Merchants
imd others lately nssenbled in Augusta,
1Stye recolai mededl that State C'onventions
to as-etmble. in te seve-ral Sounthermn and
soumtha 'm esterni Sisates: Anal where-as. al.~a
.uch assembliles woiaild in air opinion, dlo
nmore towards eti'ketitng the ottdeet in view,
han the mieeitings heretofore helal, some'
taheir n bing fully represetnted, biecauise
>fteilistancee frout ttbe point if Oasse
ding: A nd iniasoneih as it is tnecessary tha t
o'tte cnad pulace lie fixedl for the meet
ng ol it State Conventioin in dnth Car
ilina: l'here~fore, hoping that it will he
aecepital to ouir fellow eitizenis gener-ally.
. Resolved 1st, T'hat wme would respe'r
uslly r'commetind a State Conaveniion of
lecrchantis atid othert-s, to lie bseha at Co
u',bia on Weldnesday. the .5th dm;j of De
'ember ntrt, it then Logislative Ilo'll, as 7
'claock. P. M., ifmhe siamne shall 'suit the
OnVenan lce aof the Legislnatire.
Res-olred 2d. Trhat (if this proptosition
hall receive their asset,) our fellow citi
~ens ini other-t Districts be earnestly re
l.amestedi to nJaptmt Delegates to attendl the
aid Convention.
Relasolived 3d, That this tmeeting do standl
dt.urtned uiil sale dlay itn next moauth,
Noveambler,) onl w hiebl daiy thSe r itizens of
Iis .Distract at.e genterally reque~tedl to as
cinmile at the Court- Homuse, for the putr
rose of hecaring the R~eport of their Deile
;ates wmhto attentded the latae Convention at
A.ugusta; timd for the purpose of appoint
nig Igelegates to attend the proposed Con
reattiont at Columbia, in Deceamber. next.
On motion aorderedl, That the several
tewspapiers in te State bie reaiuestedl to
tullish thec above Paeatmble and Reso
uittoans.
The moeting then adjourned until sale
lay ia Novematber.
JA MES 0. IIAGOOD, Ch'mi.
BEvEaRL SAMUEL, See'ry.
gr The several Editors in the State,
vill comnfer a 'special favor, by giving pub
icity to the above.
JA MEs 0. IIAGOOD, Ch'm.
NEW Yoax, Oct. 25.
)rmportanmt From Wshigton.-W e
earni froam a source which many lie reli d
mn, that on Monday last a gemtteman of
sigh chiariacter waitedl upont the Presidet
if the Untite'd States, atnd laid helire h tm
atters adoctemens, &c. &c., which he htad
-eeteived ftromt Fratnce, andt whichl were itn
etede to prove, that the expedliiion nAi4s
ittinig out in Frantce ostenisibly against
Meaxic'o, is int realit3 inatended against te
Ilan~m.Iof Cubha!
TIhe communication is said to have ex
1t'i considearable uneasintess at WVash
ing tn, bait we are sauro unnetacessarily.
L*'ranace wall knows that such a proceeilintg
wouiald he looked u potn as a Declaratint of
Wa;r against the Untitedl States amnd Great
hiri taini, antd treated accortditgly, and theire
Fore cannot entertain the idea.-Courier.
Vo copy the following article from Sat
urday's Commercial, and understand that
it is the opinion of many engineers and
manufacturers of locomotive ongines. that
the improvements of Mr. A. will succeed
in practice. Should such be the caso it
will be a great acquisition to internalcorn
tnniention.-AN. Y. Times.
To the Oflicers. Engineers, and others in
terested in Rail Rouds.
Owing to certain erroneous statementjt,
which have been published, in relation to
improvements that I have made in loco
motive engines and rail roads, for the pur
pose ofovercoming elevations; I think pro
per, in order to come at the truth of the
subject, and to lay it fairly belbre those
who are interested, to make the following
proposals:
I will a;,ree to furnish engines that will
convey the same attomnt of load uip incli
nations of 200 to 250 feet rise per mWile,
that is conveyed by the present tmlode of
construction, up grades of 30 to 5U feet
rise per mile: or convey the same amount
of load up the inclinations first mentioned,
that is, pr 'pelled at the rate of 18 miles
per hour upon a level track.
Or further, I will agree to furnish on
gines that will draw 10J to1- up inclin.
tions of 201) feet rise per utile, or 50 tons ti
grades, of'-100 feet rise to the mile, engines
conducted with safety. and hut little annu.tl
expense, more than of fuel for the genera
tion of power; and the tiue, in consequence.
ofa slower motion upon the inclinatiou,the
efl'ective pressure per square inch in the
cylinders, to le the same in all eases.
To any company that may think it to
its advantage to ascertain nami descend in.
eliuations, as above. I will agree to fur
tish engines that will accobm plish all that
I have stated; and it' I do not, no charges
will he made to the coapanuy.
The expense of the engines will lie lit
little more than those now in use, and be
as little liable to get out of order.
The diameter of the wheels used in as
cending, will depend upon the angle of in
clination, and the amonunt of load to be
drawn; they are prevented from slipping
or revolvimg without moving the land, by
thetoanhined action of adhesion and gear
ing, and are so constructed as to run with
hut little friction, the great amount of
which has coandetned other plans.
It is unnecessary to intake any remarks
respecting the action of miodhels upont a
snbject of'this kind. if the amount of frie
aion caused by the engine and load upon
the inclintion, is known. which, added
to the rravity, gives the total resi.:nalce;
and if the size of the drIvigu wheels is
knoawn, the length of stroke, the diameter
of the cylinders, and the efreeriv. pessure
per square inch. i will be ;att ta:y matter
to coie to a correct conclusion thow much
of an elevation may be ascended with any
given load.
A model of said itnprovement may be
seen at the fair of the A terienn Instiitte.
where any iaformation in relation to the
subject n ill he given by the inventor,,fron
I to 3 o'clock, during the fair.
E. F. ALDRICH.
Editors who are friendly to the above
object, are respectfully requested to copy
the above.
Extract from a leiter from Mont fort Stokes
Agent for the- Cherokee nation, to the
Var Department, dated.
"Folt GIBSON, Sept. 25, 1838
"Colonel Logan, the Creek Agent. Gen,
Arbuckle anad tityself, have just returned
from a General council of Indians called
by the Cherokees.
"We were particlarly requested to at
tent this council im consequncle of a put
lication in the Nashville Banner, in which
Colonel Mason, of the fst reagimnt of
Drmats, inaforms Gena. Gaitnes, hat the.
Chaeroik.es wesr. hmved invitede all thte reel
people wvest oif ate Mi-sipapi, in irdler to
forma a hostile asseitionc of' thet red peaople,
to tmake a sirmahtatneous attatck up tona~ Mi,
auanri anad .\rkansas. There were een aan.
tas reprsen'rted- We* li-etened to -ell their
tatlks, ad there is tnci the Icoeastunatison
lioa a le alarmn created ica the mtind eof Cot.
Mtasoaa. I myself wroei~ hemese..ges sof
inavitau to f'romn the Chero~kees, anda thecre
was tnut one word of hostile feelingno
atay war tokena sent."
.CHEFROKF..E IMaGRlA~TrN.-The latest
informoation respectinag the remnoval of the
Chaerokee Indianas to thte west, is couarainedl
in an extract of a letter fromt thae corres
puandenat of thec Caissville Pioneer, dated
"There is nO newvs tt the Agenev. Ona
Thaursetay last, a detachment of 700~Chero
kees left aa place for thaeir homae in the
far west. MAbaut three weeks ago, three
etnahments oft otie thousand eachi, left
there, undauer the care of' three chiefs, fora
thae west.
"Great blame exists ngnainst Geta. Scott,
for iing the comm 'and of the emtigrariona
to Joahn Reiss. Th'lere, is niot amore than .5
or 00010 Indianas toi remaove."
From the Jf'u'ahington Glob~e.
TaR)asuRY Di~1'n-rm.:N-r, ?
Octobier 20, 1838. {
Notice is hereby giv'en, That tall thec
otsttandting Treasury Notes, whlich hwar
date ona eor before the 21st dayti of' MI y, I837
-will now he patid oin presetation at the
Treasaury,in advance of the period on which
thaey fall dite.
Each prarcel of notes ollered for pay
mentt, shldt lie alc'omiptaniedh witha a
schaedule sheiwiung the dhates aind stams of
the several notes, anud the rates of inaterecst
thereona,
I ltlers witlllie accommodnetatedl withI
dralts playaubte at or naear' their places of
residence whenever practicable.
LECVI WVooDlURy,
Secretary of thet Tr'aeasury.
Oto--The Coluamibuis Journial gives
thte following us thae resultt oh the electiona
in that State for Congress andu the Legis
Satuitre:
Congres-I I Demoerats.,8Whigs.
Gente-ral Assembly-Seae, I8 Demo
crats, 17 Whigs--.~northweserna district
doubtful. Iletnse, 38 Demaocr'ats,33 Whaigs
-the extremne niortha wesern district 1o bo
haenrd tfrom.
Retuarns fromt 60 connaaies give to
Sannonaa, (V. B. eanadidate for
Vance, (whlig candidate,) 89,886
Shannon's majorityv. 2,735
From the Southern Patriot, Nov. 3.
RAIL ROAD BANK-ARRIVAL OF SPe
ciE.-The Osceola which arrived yesterday
fron London. brings out near half a ial
lion of dollars in Gold and Silver. inpor
ted by the Directors of the Louisville,
Cimcimnaitti and Charleston Rail Road
Coin pany, for the use ofathe South Western
Rail Road flank. The subscription in
this Bank will he finally closed oil Thurs
dlay next. The Stockholders will meet in
Charleston in person or by their proxies
on the 20th inst. to elect Directors-their
Bills are already engraved, a temporary
Ranking House will be provided, and now
that an abundant supply of specie has
been procured, the Bank will go inmedi
ately into operation under the most flavora
ble auspices. The wise foresight and
liberal policy displayed in this importa
tion of specie is highly creditable to the
Conpany. They might have looked to
the Charleston Ranks, or those of New
York and Philadelphia for the supplies ne
cessary for the low Bank. But this would
have created a pressure in the money mar
ket, sand created tan apprehension of the
increase of the Banking Capital of the
country, without :a cerresponding enlarge
maent of the specie basis. The course hat
has been pursued, will greatly stretgtihen
the Bank, and gain for it public confielence
at home and abroad. To Charle ston in
particlar, this measure is caleulated to do
essetntial service. The million loan so
happily elTeeted by Gen Hamilton in Et
rope. heing added at this titte to the capi
tal of Charleston. nnill give stability to all
our coliamercial and finacial operations.
Onte hilf the amount lieing transferred by
hills of exehangie, fir.t to New York nid
then to Charlestnt, will furnish us the
metsans of keeping doew n the Exchanie and
thus prevent a drain upon our Banks for
Specie. It will he sects from the above
statement, how entirely unfounded are the
reports prevalent in certain quarters, of
large drafts having beetn made thronarh the
agency of Gen. Hlamiltot, fromu the North
ern Banks. to supply our Rail (toad Bank
with Specie. Not a dollar has been drawn
for any such purpose. We have been at
the expense and trouble of providing our
selves %%ith the requisite amount of specie
fora Europe.
MAYOR's OraC :, Nov 1. 1838.
Ilaving consulted the Central Board of
hlealth on the subject, generally, of tho
public health, and particularly whether
ile state of the atmosphere is sach as to
warrant Strtttagers ill returning to the City.
it alirs ive pleasure to announce publiiely,
that I am autho:ized by the Board to sWate.
that im their og: nion. izm di.tresiar '- i.
eleic t hnt ptre :iled etr e tbe aa iwo geoseit ,
and upwards, has entirely disappeared,
that the atmosphere has recained its sali
brity, and that -Stranger, may now return
with a perfect assurance of their safety
from the late disease.
11. L. 'fNCENEY, Mayor.
Charleston herseIf aguin!-We believe
it to be perfectly sale far the inhabitants of
Charleston to return to their homes, with
out aisy fear of being assailed by the stran
ger's fever. Our reasons for this belief
are that we are assured that ice was obser
ved yesterday morning, by the resideats of
Cannonborough a and Hampstead. and that
we are assured that a heavy white frost, of
sufflcieot volume to enable- a. person to
scrape up a considerable quantity, was
seen within the city.-Courier.
On Saturday. the 270h ult. Win. L.
Yancey. Esq. who had been indicted fit
the murder of Dr. Earle, and convicted of
maanslaughler, by the Jury, at- the late
Greenvlhe Sessions, m n4 seinteiced to in.
pri.menai mt of onear iand ai fine offifien
hundred dolla. Th'le Juadge, in psissin&
s'senece, smeed he was fully sati-ied fron.s
sihe evidenrce-. that tshe hioamicide* had1 beet-,
the r-esnit osf prosvocatiosn an sud "iden ex
ritenii :ande alet eofpremedt ittion or de
tdnmra;ttin. aml n tarnied the prmisonerF and
'ht. bystandl-estat thae fatal udeed was on
doheeetedly aittribisablle to the~ improper
hiahit of carryitig de'adly weapons aibona
the t-eon Thle pres.cetiont wa" coiidue
le b; Jatmes E. He-nrv andt~ llenry C
# ardlhaw, . . F. Perry amid A. Bur,
E sq' rs-Courit r.
From the New Yor1I, Frpress Oct. 2-2,
D~~tsu-e.:rVL tso-r Is NE.w YenR.
Last evening the far-ce eef Fannty Wsright
w"as tanamrepteated at the Mansongii lll
At the msual houmr for ate coiamameement,
i'h- Hasll was filled to over-flowins-, andI
not less than. .5000 tickets prba~bly. wvere
disposed of at the iusutal ptrice esfonme shd.l
hug each. At the comme~aenemnt of thec
Lecitire. somte slight iinteirruption tootk
pelace from thme baoetinzg tand hissing ofabe
crowed, but this was spe'edily put doewn hv
the materirence of a lairge body of thi
WVatch whio had hee'e ordered ini attea,,.
anuce by the Mayyora. he Ljectumre proe
eceded amid si gonne thironieh with, wish-le
out further insterrupetiont --Thle crafey F'an
any, caarefulIly avoidinag throneuchou'n tesy
tallusion to Politics on either side of the
quest ion.
At the close or the performance. nearly
an hour was conasedc before thme tale
port iont of the saediene retiroed frotm the
lla.ll. Ily tis timse the cr-owd wvihiourtbhwh
imetreasced to a tmest fearfulh extenat-nsot less
than 10,000 were assemabledl in front of sthe
builditng. A large ttuber of femaales whmo,
(to t heia- shamsae lie it saied) had attened
the Lecture, now attempltedl to eff'eei their
egress.
rThe bonnet ofench female was tiutuedh
as she passedl, and the mlost disguistiaig
eptithets appilhied to each passer- by; the
creowd eagem-ly searcheled fori the ob'ject of
I heir imieeased andI outraged passionis.
At lenagth ihe Ileroine of the hour masde
hier appearantce; as sue ptassedl down the1
stair case aand theo long passage way, no
ssymsptodeis or puerson~al violenice were ex
hibited, lhmt she feelinae oif time asseamblago
were man tifesteed by mienaces and gr-oans,
loud antI ideep. As ste fair- Fanmny leached
time street dosor the wshole' crowd tmadee a
simlultanteous ruish towared her. Beitt seur
ireundted by a beody of police se "was int
a measure protectedl froem violence: btut
vet so great was the psressmtre that site ws
lifted fromt lie, feet atid fosred along a he
walk to the cornier of Anthony stree.
Dowsn thtis street her snlppeorsers were fhreeld
iad thet watch foiring a edeublle filme corm
d1mm, hor a tmotmienIt staye-d the v'iolecsue or
the mob, till the modern fleem w... ,,...
tied into a coach, which was fortunatdiy a
hand. and she was hurried ol; homewtaril
bound, amid the horri'i din of oaths. and
shouts and imprecations of the outraged
multitude, thousands of Whom followed
her even to the doNr oflher lodgings.
The scenes of violence did not end here.
Several females Who were at the time
passimg on the west side of Broadway,
were assailed by a band of ruffians, and
most shamefully treated. Two of their
number were secured by the watch, and
safely lodged in Bridewell. Otliecr Benj.
Hays, with a friend, were passing down
Pearl street. and when near Centre street,
they encountered a mob of abont 10.000
persons,t ho had assemabled seemingly with
the determination to end the night in riot
atnd cotutision. Mr. If. with accustomed
daring and promptitude, rushed into the
iust of the rioters, and at the imminent
peril of his own life, secured two of the
riotg-leaders who were safely lodged in
prison, and the mob then dispersed.
ATLANTIC STAt NavoATo.-The
New York Post states that at a meeting of
merchants of New Yprk, held at the Carl
ton louse, on Thursdahy, it was agreed to
take sleps to form a company to lie called
the - American Atlantic Steam Naviga
irnon Conpany." and to procure an act of
Iucorporation fromn the Legislature for that
puts pose. It is intended to build ships to
"navigate the ocean by steam," and the
shares are to be $500 each. Amount of
capstal not stated. A steamer of 2000 tons
nal upwards %% ill doubtless be the first ves
sel built.
The Express adds that the preliminary
step-, have been taken, su,:h its procuring
eseisrmates of building the ships and ma
chinury, and it is sud that the greatest ob
sacle which presented, is obviated-the
dilficulty of proeuring machinery in this
country. The West Point Foundry are
preparing the necessary means to make
suttuble engines.
E.recution.-Tihe Charlottesville (Va.)
Advocate of tiu 3d inst. states that the two
negroes, Lucinda and Andrew, lately con
victed in Both county,of the murder of Mr.
Mayse's children, were executed,agreeably
to their sentence, at the Warm Springs,on
the 24th ultinto. A gentleman who was
present states that they persisted to the
lost, im denying all agency in the murders.
It is also stated, that the girl, on whose tee
tinony chiefly these slaves wereconvicted,
has smnce her acquitnal confessed that she
atone cotmmittel Li ;td tiers-but if this
toe the fact,it is preutued that little reliance
could be ilacedf in: "snch confession, as from
'oer size ::tnI saest r l:re, there is litttle prob
waihtiy that sie conl have perpe-rated the
horrid acts-esides there was abundant
circumstattiaI evidence to warrant the con
vist inn, independent of the girl's statement
u:1 the tri.l.
Fron the Harrisburg Reporter.
THE Pi:LAIrLPIIIA COUNTY TICK F.T.
-The Federalists, in their desperation,
are pretending to lay claim to the mem
bers of the Senate and House of Represen
lives from the county of Philadelphia.
The coiuty Democratic ticket is elee
red, whether the returns from the Northern
Liberties are counted or not. The Penn
, ivamuaan publishes the full returns from
the whole county, including the rejected
retnrns-of -&eb-Nrrnbem-ipu s m e
by the Ratier return Judge of that district
ro the prothonotary of the Court of Com
ion Pleas, by which it appears that the
D)emocratic ticket is eleeled by an average
unjority of more than 500
Notwithstandin,, the Democratic ticket
" that shown by the Ritnerjudge himself,
o be. triuphanly elected, a minority of
tie Ritnuer juadges, who huad pa~rticipated
it theu puroccedthng of thet wihole board, and
lho voedu for the adjirfurmnt sine die,
taet at at late hour in sthe night, in a differ
sat nap~aruItet frosm t hat appuiiuseof for
lie mueesisng. and, wviitot huaving the
v bole rturns baefore them, made outt a re
isrn to stait thecir own putrposes, and for
,rerledl i to Ilarrishinrg by ergsress. This
.ake re inrga is said to elect the! Federal tick
-t. antul the Secretary of the Commonwe~ralhh
iuserts that hie contsidlers it as the oflicial
-et'ura. because hie Receive~d it fiom the
&h riff of Phliladrelhia County, by thte
hInnds of a deputy~ of the .Sherigf .'
CoNGRFssioSAL l'lLEcTIoN.-Ninuety
wia muemuber4 of Conugress are alreumlv
-lected. Fifty foanr sure to be chosen next
onthti, vir: 410 int New York, on the first
iland a s - Tuesdi ay anid WVedntesday in No
omtulr-l2 in Maussachtusetts on the sec
auai .ilnday-i in Dela ware on the secotnd
lunesay-andi I in Miehtigan on the first
\Monday stud rTuesday itt November.
.W'e hmaveo in nnr pos-..,ion a specimen of
PJhite Statuary Marible lihtnd in Long
!. nmttp Checrokeet Conntuy, which can hot
eena at eatr oflice. It will be recollected
hnat qtuarries of msarble oif various colors
a:'ve lbeen found itt thae Cherokee Connuties
af this armse, suseceuble of the highest pot
sh .-Augusta (Constitutionalisot.
The Lotudon Correspondentt of the New
k'ork Courier, writing under date of 19th
alt, says,
"Monaey is abunodatnt, but credit becom
osg datily tmore diflictult to be obtained.
tad tihe getneral mtass of American seent
imies sure cerssainly niot rising in value on
he Smock Exchantge. The principal cauise
if te dleprecialtoit of the States and other
rans-astlatntic seensrities, is int hue continual
mtd tunahuased indnlx oaf ntews botnds of all
hescriptions, wh'licht are daily coming for
vard to ain extenut whticht Oppreses the
narket-uand carries dowtt sthe prices of'
lhe best of she ita-tlanstic stocks. A
naonigt othuer securities whticht have been
mnitounced wislhin the hast few days is a
oant osu the city of' Charleston. etnlled
he ["ire Loans-witht whtich Mr. McDgufie,
he late Govetnor' of Sousth Catrolinta, is
srrived itt Liverpool-hut without having
ret transmitted te exac't part ictulars of htis
tuissiont to any of' thte patties of the Lon
bat Stock Exchange."
The last ncoutnt4 from Texas make it
nore ansd imore parehable, s has like ute the
'me first setS lers of IKaetnluck. thue people us
Sexas wiill havm~e St ibs the hos bay fight
ng sthe I idiants, ns well as btuy sthemu.
Shtoubt their ciantests p'rodtuce such sa racti
if mian ass Kemnetiky noew east hoast, slhero
sill blittlei's~ reasona to repine nt the dini'
:uitics attendinig the first settlemente.

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