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stqutul stability of iksir paper, is tks frmafal and
almost oulypouC, *m wkuk ike public Us muck ,merest Who art the particular recipients o] your Jaeor, u ? malttr ?/ minor import***. The number ol tbc atock ltoldera, in comparuou with the great body of the peo ple, is ao very small, and the atock is ao constantly changing handa, that the equity of ita origiual dutribu Uon become* ? comparatively uiuinportant matter Our chief duty in thie respect is, to see that the fanner, when he exchanges hia produce or eatate ; the mechanic hie wares ; the merchant hia bank paper?may real con tented aa to ita value. Provisions invalidating all confidential assignments or trust of any description, nn|iosing severe penalties upon acta designed to divest the iunds from the appropriation which in justice and policy ought to be made of them, are of value, but neceaaarily restricted in their opera tion. The importance of some more efficient safe guard has been felt by former legislatures, and they have endeavored to obtain it through the medium of a personal responsibility of the stockholders. But it is objected that the practical operation of such a provision would be to defeat the object in view, by throwing this species of property, and of course, it* management into the hands of irresponsible men. W hen it is considered ' that the dividends do not always, and seldom much, ex ceed the lawful interest?that the responsibility which the stockholders would necessarily have to place in others, would be disproportionate to the advanlagea se cured, and that it ia rarely, if ever, possible to reach the property of those who lad, through such means, it is greatly to be feared that the experiment, if tt ted, would be unsuccessful. The disastrous consequences llowing from such a result, need not be stated. You will, 1 am persuaded, give the subject your ut most attention ; and by the application to it ol your long experience in such matters, be able, 1 hope, to de vise soiue mode by which the public interest will be se cured. It is unnecessary that I should say, thfct any plan that is proposed by you, thst shall be preferable to those to which I have referred, shall receive my cordial and cheerful co-operation. My own reliectiona upon tins point have derived much assistance from a sensible, and apparently well consi dered plan that has been submitted to me, and which will, in due season, be laid before you. 1 have every reason to believe, that the suggestions come from a dis interested source, and have the public good for their leading objects. The limits of this communication will not allow me to do justice to ita details, or to the argu ments by which it is supported. It pro|(6ses to make alt the banks responsible for any loss tho public may sus tain by the failure of any one or uiore of tbem. It suggests provisions by which that result may be reach ed, aa far as it reinfects the banks whose charters arc about to expire, and be ultimately made universal, or nearly so. The idea is not entirely new to the commer cial world, although it lias not heretofore been applied in this form. Most men will, upon the first impression, view it, as I certainly did myself, as presenting a ngor ,ous condition. But it is confidently believed by confi dent judges, that the form in which it is pmposed to enforce the responsibility?being an annual and ade quate appropriation of a part of their income towards a common fuud, to be placed under the control of the State?the ample supervision over the institutions, which it proposes to place under <he direction of the contributing banks, in conjunction with the authority of the State?the consequent high character and corres pondent circulation it would give to our paper?the ex pulsion from circulation of the doubtful paper which now engrosses it, and the substitution in n? place of that issued by banks in full credit?with other advan tages, woul^l make the condition such aa would, U|?on more full consideration, be deemed adiuissiblo by any conccrucd. But of all these matters you will judge for yourselves. Every scheme submitted to you should undergo the severest scrutiny ; because, from the nature of the subject, a mistake committed in regard to it, must be more injurious than in relation to any other matter. Our duty in this great concern, may truly bo said to be full of delicacy and surrounded by difficulties. But it is our consolation iokrwre, that if the field of duly is beset With dangers, there are enduring honors that lie liryund it. The interest which attaches itself to the Kepkksentative Characteh can never be greater than when a fulfilment of the trust committed to the repre sentativef may bring him in.conflict with the claims of tho great moneyed interests of the country. Where can we find a political exhibition more truly gratifying, than to sec the faithful public servant, alter having turned away every approach, and put far from liiin every sinister consideration that could divert him froin the discharge of his duty, return to his constituents, con scious that he deserves, and feeling that he possesses, their uiiabated confidence ! I sincerely hope that such may be the good fortune that awaits pur conduct. We have cverv thing to stimulate us to perseverance and fidelity. \Ve are members of a state that is rapidly pro gressing in public improvement, in public spirit and ut all the attributes of a great and flourishing republic?a state, of which, without exposing ourselves to the impu tation of vanity, we may be proud to call ourselves citi zens. We shall, I trust, show ourselves worthy of this exalted privilege, by guarding with sleepless vigilance, its interests, its honor, and its future glory. THE STATE GOVERNMENTS. DY UISS MAllTINEAU. ' " The state governments are the conservative power, establishing the will of the majority to act with freedom and convemencc. Though the nation is but an aggre gation of individuals, as regards the general govern ment, their division into States, for the management of their domestic affairs, precludes a vast amount of con fusion and discord. Their mutual vigilance is also a great advantage to their interests, both within each State, and abroad. No tyrant, or tyrannical party, can remain unwatched and unchecked There is, in each State, a people ready for information and complaint when nccessary ; a legislature ready for deliberation ; and an executive ready to act Many States, in other ages and regions, have been lost through the necessity of creating their instruments when they should have been acting. State organization is never managed w ith out dispute ; and it makes the entire difference in the success of resistance to aggression whether the ncces sary apparatus has to lie created in haste and confusion, or whether every thing is tu readiness for executing the will of the majority. "Under no other arrangement, perhaps, could the ad vantage be secured of every man being, in his turn, a servant of the commonwealth. If tho general govern ment managed every thing, the public service would soon become the privilege of a ceitain class, or a num ber of classes of men ; as is seen to be the case else where. The relation and eolation of service which are now so remarkable a feature in the United Stales commonwealth, could never then happen naturally, as they now do. Almost every man serves in Ins lo.vn ship ui New England, and in the corresponding ward or sectio-i elsewhere, and has his capability tried ; and, it worthy, ho serves hia county, his State, and finally tho Union, in Congress. Such is the theory : and if not followed up well in practice, if some of the best men never get beyond serving their township, and some of the worst now and then get into Congress, the people arc unquestionably lietter served than if the selection of servants depended on accident, or tho favor of men m power. V\ hatcver extraneous impediments may inter fere with the true working of the theory, every citizen feels, or ought to feel, what a glorio:s career may lie before liiin. In his country, every road to-success is open to all. There arc no gitiiicial disqualifications which may not be surmounted. All kambng, whether of fashion and show, of sanctimoniousness, of licen tiousness, or of any thing else, is there destined to speedy failure and retribution. There is no hereditary humbug in the United States. If the honest, wise nia.n, I'eels hunself depressed below the knave, he has, if he did but know it, only to wait patiently a little while, and he will have his due Though truth is equally great every where, and equally sure ultimately to prevail, men of other countries have often to wait till they reach the better country than all, before they witness tiii.t ultimate prevalence, except with the eye of faith. The young nation over the Atlantic is indulged, for the encourage ment, with a speedier retribution for her well or ill do ings ; and almost every one of her citizens, if ho be truly honorable, may trust to be fitly honored .before he dies. ?' Another conservative effect of the stale govern ments is the facilities thev afford for the correction of solecisms, the renovation of institutions as they are out grown, and the amendment of all unsuitable arrange ments. If any thing wants to lie rectified in any State, it can be done on the mere will of the people concerned. There is no imploring of an uninterested government at a distance?a government so occupied with its foreign relations as to have little attention to spare for domestic grievances which it does not feel. There is no waiting any body's pleasure; nobody's leave to ask. The re medy is so close at hand, those who arc to give it are so nearly concerned, that it may always, and, lor the most pait, speedily, be obtained, upon good cause being shown. No external observance is needed, except ol the few au<l express prohibitions which the general and state governments have interchanged." Hurruanr at St. Thomas.?A furious hurricane visited St. Thomas on the 2d lust. Almost every building in (he town is more or less injured. Out of 36 vessels in the harbor, all but four, capsized and sunk, or went ashore It is supposed that more than a hun dred lives were lost ? - i i l mm Li. ? THE MADISON IAN. WASHINGTON CITY. SATURDAY. SEPTEMBER 3, 1837 orrii'K e iiiirr, ?btwkbn ninth aku tenth. Mr. John L. 1)c?t?cli., (Stationer, corner of Wail & Broad streets) New York City, is authorixed to re ceive subscriptions for the Madisonian. D7Tbe New York Tunes will please copy this. That commerce is languishing, mercantile credit prostrated, and the monetary system of the country most deplorably deranged, and that they are all intimately connected, cannot be denied. The course that some are taking, with the seeming design of involving them iu greater difficulty and embarrassment, we can but regard as a most unwise, unjust, and sui cidal policy. These interests are insepara bly associated, and, instead of belonging to any one class, they are appurtenances and privileges of the whole country. To disho nor or to paralyze them, is to weaken the na tional resources, and render unhealthy the whole body politic. It is idle to talk of one class as independent of another?they are all, including also the agricultural and manufac turing interests, mutually and reciprocally de pendent. ' All united, they form a beautiful and harmonious system, which forms the ba sis of national strength and prosperity. Until recently, we had supposed these things admitted, as matters of course; but now, the several divisions seem to be recog nized by some, as independent and antagonist sovereignties. The simple recognition, how ever, is not the greatest fault. Invidious dis tinctions are made. The poor are arrayed against^the rich, the laborer against the em ployer, the agriculturalist against the manu facturer, the city against the country, and the banker and the merchant are singled out, and without regard to character or circumstances, covered with reproach, insult, and contumely. We can ?ee neither wisdom nor benevolence in such a course. A great attachment to the working classes may lie affected, but how is the prostration of the mercantile interests to benefit those classes ? Suppose by any kind of legerdemain, the credit system of the country should be destroyed, would it better the condition of those, who, in cant phrase, are called the producing classes ? On the con trary, those classes are always ultimately ef fected by the disorders of currency and trade. Dishonor the merchant, destroy the banks, and our great commercial marts, now the pride and boast of our country, would become deserted ruins, aul the frequented haunts only of bats and owls. Involve the marts of trade, and of course the interests of the pro ducer are also involved. Destroy the mer chant, and you destroy the market. The merchant is just as essential to the conveni ence and prosperity of other classes, as the other classes are to him.' The merchant and the producer arc in fact, informally, co-pnrt ners in business. The consumers are as much interested in sustaining the merchant, as ilit: merchant is in sustaining his custom ers. Of course, the mercantile interests are the life springs of commerce. And upon what is our government more dependent in its pre sent revenue system, than upon commerce ? Dry up its streams, and what becomes of the main reliance for revenue ? Cut off these feeders of the national treasury, and the wheels of your government must stop. Is it not therefore clearly and literally a suicidal policy to keep up a pitched war u|>on the mer cantile interests ? Surely, nothing Ins done more lor tliis na tion?nothing is doing more than commerce and credit. They have built up our cities, and enriched thousands of our citizens. Fur nishing the principal supplies of revenue, they have*been the magic power which has done nil in connection with the appliances of labor, that has" distinguished our country in its career of cultivation and improvement. The duties paid by the importer, wc are aware, ultimately come out'of the consumer, but mercantile enterprise is the alchemy that has developed the resources and power of a na tion of consumers. .This active and untiring spirit has carried our commerce into every sea, and built up our credit in every country ; it has perfected'marine architecture, and, giv ing employment to thousands of our fellow citizens, has thrown olT all dependence upon foreigners for the carrying trade. In addition to the wealth it returns from every sea, it saves millions to the country that were form erly paid to other nations, in furnishing an outlet for our productions. These things are well understood, and yet bulls anil anathemas are constantly hurled at the merchants and the banks, with the fell intent of bringing upon them ruin and disgrace. Is this fool-hardv conduct intended to serve any political entl ? If it is, the motive is as bad as the policy is pernicious, and deserves the unqualified re probation of every honest, sincere friend of his country. We are told that the prevailing disorders are not felt in the interior of the country ; tint the " producers" are exempt from the general calamity ; that the cities and the merchants are the sufferers, and that they have courted the fate that has deservedly fallen to their lot. It is doubtless true, that the greatest distress is found in the cities, and that the merchants are the principal sufferers. It may be true, that the " producers" of the country have not yet felt the severity of the times ; but that it will reach them, is as certain as effect will follow cause. \V hen the season arrives for the produce of the country to seek a mar ket, the producer will find in the reduced i demand, diminished competition, less capital, anil in the broken energies of the merchants, a fearlul and unsatisfactory reward for their labors. Stagnant sales anil reduced income, I will soon- render them conscious, tint they arc not exempt froin the pervading evils, and that thuir bent interests arts vitally connected with those who are cruelly mocked in the midst of their embarrassments as '? traitors" to (heir country. All classes must suffer in the prostration of credit, and the languishmcnt of trade, it is the duty of all, therefore, to make common cause, and come with mag nauiinous and patriotic zeal to the general rescue. Let the government extend its help ing hand, and, iustead of separating itself from the people in their extremities, let it proclaim confidence, and render all its action auxiliary to those interests which it was its intention, and is its business, to protect. MEETING OF CONGRESS. On Monday, the extra session of Congress will commence, doubtless with a full attend ance of members. Coming, $s the members do, from the people, and from every part of the Union, they will bring with them their own practical observations, in regard to the prevailing disorders. A grave and fearful responsibility devolves upon them. The pre sent condition of things seems absolutely in tolerable, and all must pcrceive that it cannot long continue, without the most ruinous con sequences. All hopes, all eyes, will therefore be earnestly fixed upon the deliberations of Congress. It would be an impeachment of the virtue and patriotism of the members, to doubt the sincere desire all of them must feel to afford prompt and efficient relief to the country. She demands the best exertions of all her sons. We Jo not undertake to volunteer uny ad vice, nor presume to dictate any measure*. We hope that men, distinguished by the con fidence of the people, as their representatives in the Congress of the United States, will be found worthy of their trust, and ambitious to honor and dignify their high office. We would desire to see, in this hour of trouble, parly spirit checked and conciliated; its asperity softened, its malignity assauged, its turbu lence pacified, plans lor personal aggrandize ment postponed, party prejudices surrendered, and all come forward impressed with the paramount obligations of duty to the country; to act with the wisdom, dignity and patriotism of statesmen. Let us see who will be more ambitious to become the benefactor of his race, than the successful aspirant for office. Let us see how many there arc to step forth in the pride of virtue and patriotism, " Like llampdcns struggling in their country's cause, The first and foremost to obey the laws.'' In the conflict of interest and opinion that may arise, we hope to see dignity and mode ration marking the conduct of representatives, and in all discussions we would wish to ob serve that spirit of forbearance, compromise and reciprocal good will, in which our Con stitution was established, and the glorious Union ccmcntcd. tC A spirit of distrust seems to exist, not only between man and man, but of the insti tutions of the country, and the tendency of things has threatened the social edifice with disorganization. A political leprosy, under the nsine of "loco focpism," has been steal ing over the land, and infusing itself into every ramification of political life, poisoning, convulsing, and destroying. It seen# to have seized the " oracles," and almost woiked itself into the embrace of the " gods." Its contact is to be avoided as a pestilence. We trust that every symptom of the diseasj will be eradicated from Congress, if any slnuld make its appearance. Front the Cincinnati Republican, THE MADISONIAN. We have seen nothing as yet in the Madi sonian that is not in perfect accordince with the principles of the democratic party. It is conservative, mild, and dignified, but at the same time its tone is firm and decided. Its appearance has already been hailed by a number of the staunchest democratic papers in the Union, as a harbinger of the downfall of political intolerance, and the estiblishment of a liberal and conservative regime. A state of things devoutly to be wished. The salu tary effects of the sunshine which is breaking j upon the democratic party, are already palpa i hie. We begin to breathe more freely than J we did. We begin fo have some hopes that I we arc not to be swallowed up and destroyed I by radicalism; that our country is not destined to bccomo the prey of a needy, hungry, and infatuated army of agrarians ; and what is equally consolatory, the cause of democracy will not suffer by lopping oil'from it these ex crescences. It will flourish as it were wont to flourish in the days of Jefferson and Madi ! son, and in the early periods of Gen. Jack son's administration, until the loco focos? those whose democracy exist only in propor tion to their love and expectation for office? acquired an influence with the party. How arc wo cheered in our toils by tha voice o( approbation coming from the leading Republican journal of the great and grow ing Wts r ! No part of our wide spread country I has a deeper stake in the maintenance of j conservative principles?in the preservation I of institutions that have | "Grown with our growth, uml strengthened with our strength." ! We have Seen that immense and wonderful j region?we have gazed with rapture upon her voluptuous beauty?we have admired her | sons, moulded in correspondence with the ] magnitude of the theatre in which they net. ! Fifty years ago it was a tangled wilderness, and the howling wolf, and the wandering sa j vage roamed over it unrestrained. Now, it I smiles with glowing harvest fields?is studded with wealthy cities and villages, and art and j industry, in their multifarious shapes, animate the scene. And what has produced this ma gic change ' Was it an exclusive metallic ; currency ? No. Enterprise and industry, steadily pursued, formed the basis of coufi- . denec, which gave the infant Hercules crrdtt, ; not only throughout this country, but all over | Europe. That has been the great lever of I the West, the grand secret of her unexampled ttuccuM. And how in it wuh the aouth and aouth-wesi ? Have they opened their planta lions, extended their cotton fields, filled their commercial marUi with costly warehouses, and lined their commercial docks with their immense shipping, by the exclusive means of an exclusive metallic currency T On the con trary, the south as well as the west, are debit to credit, and a " well regulated mixed cur rency," for their .rapid advancement. The system is identified with their prosperity, and incorporated with their interests. If they hu\e abused it, their own sins surely will nut be visited u|>on the system. They will cor rect evils and abuses, and thus " preserve and regulate" the system, " but not destroy" it. They will feel that all their best interests are too much involved in the fate of existing in stitutions to yield ihein up a sacrifice at the altar of " newly sprung up reformers." They want capital, population, and facilities for carrying on their great system of cultivation and improvement. Break down the credit system, and they are sent back to the position they occupied fifty years ago. They are shrewd enough to understand this, and their representatives will not fail to respond to their wishes, and stand by their interests with the firmness and devotion which the crisis de mands. MR. VAN-BL'llEN'S MESSAGE, To the Legislature of fitvo Yurk, in 1829. We call the attention of our leader* to the extract* from tins message, which they will find commenced on our first page. Wo have quoted all relating to the aub ject of banks. It show* what the viewa of President Van Buren were more than eight years since; and we have never heard that they have undergone any change. In relation to the banking ayatem, and tothia meaaage, the Utica (N. Y ) Observer, haa the following remarks, with which we ahall conclude our observations on the subject: We extract from the " Madiaoriian," an article on the banking system, in which the views of many distinguish ed incn of the democratic party are collccted. l*oco focoism ia welcome to all the comfort that can be deriv ed fro-n a perusal of them. Below our readers will find tome passage* from the message of Mr. Van Buren to the Legislatuie, while Governor of thi* State, which show what were his opinions concerning banks. We presume hia general views now are what lliey were then ;?and if he had been governed by that radical spirit which' some of the opposition now attribute to him, the expiration of moat of the bank charter* in'this State at alwut that period, afforded a moat favorable op portunity for carrying out bis views. Instead of urging that policy, however, he recommends, what! Why, what any man of sense must have recommended? either ncu> iiuorporulwus, or a reneicul of expiring char ier*. As we anticipated, we find the friends of a national bank, and the advocatea of the destruction of all banks, uniting againat the proposition for a convention for the purpose of deliberating upon measures preparatory to the resumption of specie payments. The New York Express, the Philadelphia National Gazette, and a "distinguished" journal on the other side, have accord ingly arrayed themselves against the proposition. To the Cincinnati Republican, and the Gazette ; also the New York Star, Mercantile Advertiser, and Ex press ; as well as several other contemporaries, we l>eg leave to present our thanks for their repealed favors by the Express mail. Their attentions have been early and kind ; and though we are late in making the ac knowledgment, it will not be deemed the less sincere. I lull citlit al Agents "Uss responsible and less safe." ?The M icluga i State Journal announces that J. E. Field, County Clerk of Washtenaw, and Justice of the Peace, in and for the township of Ann Arbor, is a large defaulter, both as Clerk and Justice. In hia capacity of Justice of the Peace, he has collected large sums of money for individuals, which he has used for his own purposes. The Amende.?The remarks of the Madisoman re specting us were quite unnecessary and are in bad taste and unjust. We have treated that paper most kindly in repeated notices, and the indecorous personalities to which it treats us in exchange, are but a poor return for our courtesies. As the last number, however, invites us to exchange with the Madisonian, we are able to sup pose that the editor has not seen our paper regularly, but only the one containing the remaik which excited his spleen, and we may therefore excuse his tetchiness. He will regret it himself when he sees our back num bers, which we shall send for his conviction.?JV. Y. Times. Was it our fault, or that of the Times, that we re turned its compliments in the very language, mutatis mutandis, they were conveyed ! Howoyer we are ready to bury the hatchet; and hereupon tender our cotem porary the calumet. If facts arc wanting to prove the danger of trusting the public moneys with individual agents, Mr. Craw ford's Report, of 1820, will abundantly supply them. By the employment of corporations, the losses to the Government have been'Lrss than 15-lOOdihs of one per cent, in collecting throe hundred and fifty millions of general revenue. The readers attention is invited to the article of 'Philo Camillu*,' on our first page, from the Richmond En quirer. It strikingly coincides with our own demon strations on the subject to which it is devoted. While the Globe is the bull-dog, the Madisonian is the sleek grey hound ?.V. Y .Were. Ado. The Mercantile talks like a dog fancier. We regret to learn that the Hon. Jamks Stanrkker. a Representative fro.n Tennessee, died suddenly on his journey hither, to take Ill's seat in Congress. RHODE ISLAND ELECTION. Aihn. I Opp. Pearce, 2.687 | Tillinghast, 11,712 Howjid, 2,623 | Cranston, 3,625 We have only time to mention that, we have had the pleasure to receive the Southern Liter ?ry Mes sENOkK, published at Richmond, and the American Monthly Mauazinepublished at Nexv \ oik. A copy ' of the prospectus of each work will be found on our I last page. TO COTEMi'OIl ARIES ANI> CORRESPONDENTS. We hope they will " bear and forbear" n few days, 1:11 we have had time to arrange the immense mass of Papers and Inciters that have accumulated and over whelmed us like an avalanche. Our editorial brethren may rest assured that we shall, with all despatch, regulate our domestic " Exchange and we re-assure our Correspondents that we shall an swer them in " gTeat haste " The eommtffticalion from Fort Plain, N. Y , we must respect fully decline. "DouPws."?At the moment our paper was go ing to press, we received the Hartford Tunes of Au gust 26th, which wo perceive bv Us froth has made a rabid assault upon the Madisonian, upon the supposi tion tint it is " a wolf without sufficient disguise to hide us teeth!" As we have neither leisure nor inclination now to "bite the biler," we think he will l>e sufficiently "bit," by perusing the proceedings at Tammany Hsll Dur ' ing the balance of " dog days" we respectfully commit j the Times to the safe keeping of his neighbor and our j friend, tin* Pi hint a ltd Democrat. ? I ARRIVAL* Since our bat w? have heart] of ike arrival of Sena tor* Grundt, Kivgs, Sevier, Fulton, Tallmadge, Binton, Limn, Clav of Alabama, Preston, Smith of Indiana, Mouaia. < The members of the House of Repreaenutivea have nearly all arrived. MEMBERS OF THE TWENTY-FIFTH CON GRESS SENATORS The naiuea m italics are Deposition Membera Maine, New Hampshire, Vermont, Mvanachuaetta, Rhode Island, Connecticut, New York, New Jersey, Delaware, Pennsylvania, Mai) land, Virginia, North Carolina, South' Carolina, Georgi-, Alalia ma, Mississippi, Louisiana, Tennessee, Kentucky, Arkansas, Missouri, Illinois, Indiana, Ohio, Michigan, Rugglea and Williams. Hubbard and Pierce. Trrniiss and Swift. Webster and Hunt. Knight and Robbtns. Nilea and Smith. Wright and Tallmadgc. Southard and Wall. Bayard and Clayton Buchanan and McKean. Kent and Spencer. Rivea and Roan. Brown and Strang*. Calhoun and Prtslon. King and Cutbbert. King and Clay. HUik and Walker. Nicholas and Mouton. White and Grundy. Clay a iid Critic mien. Sevier and Fulton. Benton and Linn. Robinaon and Young. Smith and Tipton. Morris and Allen Lyon and Norvell. Majority iu favor of the Administration, Sixteen. HOUSE OF REPRESENTATIVES. MAIXE. Gtorge Evarti, John Fairfield, Timothy J. Carter, F. O. J. Sinitli, Thomas Davee, Jonathan Gilley, Joseph C. Noyes, Hugh J. Andetaon. NEW HAMPSHIRE. Samuel Cuahinan, -James Farrington, Charles G. Athcrton, Joseph Weeks, Jared W. Williams, MASSACHUSETTS. Richard Flttchrr, Stephen C. Phillips, Caleb Cashing, Win. Parmenter, Levi Lincoln, George Grennell, George X. Bnggs, Wm B Calhoun Nathaniel B. Borden, John if Adams, Jnhn Heed, W'm. S. Haitingi. RHODE ISLAND. Cranston, Tilling hut, CONNECTICUT. Isaac Tousev, Samuel Ingham, Elisha Haley, Thoa. T. Whittlesey, Luundelot Phelps, Orrin Holt. VERMONT. Hiland Hall, W~m. Slade, ! Hi man Allen, t Isaac Fletcher, I Horace Everett. NEW YORE. Thomas B. Jackson, ; Abraham Vandcrver, i C. C. Cambreleng, Ely Moor, ; Edward Curtis, ; Ogilen Hoffman, j Governcur Keuible, | Obatliah Titus, Nathaniel Jones, ' John C. Broudhcad, Zadoc Pratt, I Robert M'Clellan, j Henry Vail, Albert Gallup, i John I. Degraff, j David Russell, j John Palmer, ' James B, Spcnccr, ! John Edward*, ; Arphaxed I.oomis, ' Henrv A. Foster, | Abraham P. Grant, Isaac H Bronsnn, John H. Prentiss, i Arnassa J Parker, I John C. Clark, Andrew D. W. Bruyri, Hiram Gray, Wm. Taylor, Dennett Bicknell, Win. H Noble, Samuel Birdsall, Mark H. Sibley, John T. Andrews, Timothy Cliihls, Wm. Patterson, Luther C. 1'cck, Richard P. Marvin, M ilia id I'll more, C'carles F. Muchell. NEW JERSEY. J John B. Ayerigg, I John I' li Maxwell Wm Hal stead, James F. Randolph, Charles ?(#'. Stratum, Thumas Jones Yorke. PENNSYLVANIA. Letnuel Painter, John Sergeant, George W Tolland, Charles Naylur, Eilwaiil Davits, Da c id 1'utts, Edward Darlington, Jacob Fry, Jr. Matthias Morris, David W. Wagencr, Edward B. Hublcy, Henrv A Muhlcnburg, Luther Reily, Henry Logan, Dan Shefter, Charles M'Clure, Win. W. Potter, David Petriken, Robert II Hammond, Samuel W. Morris, Charles Ogle, John Klingeusmith, Andrew Buchanan, T M. T. Mi: He n MM, Richard Bidille, Win Bentv, Thomas llcnry, Arnold Pluinmer. DELAWARE. John J. Mihgan. M Ml v LAND. Jnhn II Drums, James A I\arce, J. Y H. Worthing ton, Benj. C. Howard, Isaac McKnn. Wm. C. Johnson, Daniel Thomas, Francis Jenifer. VIRGINIA Hrmy A. W'utt, Francis Mallory, John Robertson, Charles F. Mercer, John Taliaferro, R T. M Hunter, James Garland, Francis E Rives, Waller Coles, George C. Dromgoole, James W. Bouldtn, John M Patton, James M Mason, Isaac S. Penn y backer, Andrew Beirne, Archibald Stewart, John W. Jones, Robert Craig, Geo. W. Hopkins, Joseph Johnson, Win. S. Morgan. NORTH CAROLINA. Jesse A Bvnuni, Edicard D. Stanley, Charles Shrpard, James McKay, M. T. Hawkins, Edmund Debcrry, Win. Montgomery, Aug. H. Shippaid, Ab Rcnr.her, , Henry Connor, James Graham, Lewis Williams, S. T Sawyer. SOUTH CAROLINA. H. S. Legure, Waddy Thompson, Francis W. I'u kens, W. A'. Clowney, F. 11 E 'more, John A'. Grijfin, R B Smith, John Campbe'!, John P. Richardson. GEORGIA. Thomas Glascock,* J. F. Cleavcland, Seaton Giantland, Charles E. llaynes, Hopkins Holsey, Jabez Jackson, Geo. W. Gwens, Geo. W. B Townes.t W. C. Dawson. ALABAMA. Dixon H Lewis, Francis S. Lyon, Three dists.to lie heard from MISSISSIPPI. John F. H. Claiborne, S. H. Gholson. LOUISIANA. Henry Johnson, Eleazer W. Ripley, Rue Garland. TENNESSEE. Wm. B. Carter, A. A. McClellan, Joseph Williams, H L- Turney, . IV'm. B Campbell, John Bell, A P. Maury, James K. Polk, Eben J. Shields, Richard Cheatham, John W. Crockett, C H. Williams. KKNTUCEY. ? Campbell, Edward Ramsey, J. if Underwood, Shtrrvd Williams, James Harlan, John Calhoun, John I'ope, Wm. J Graves, John White, Richard Hawes, R. A. Mtnefct, John Chambers, Wm. IV. Southgate. ARKANSAS. Archibald Yell. MISSOURI. Albert G. Harrison, John Miller. ILLINOIS. A. W Snyder, Zadoc Casey, Win. L May. INDIANA. RatlilT Boon, John Em rig, Wm. Graham, Geo. H. Dunn, James Iiaridcn, Wm. Herrod, Albert S. White, OHIO. Alexander Duncan, Taylor Webster, I'u trick G. Gocule, Thomas Corwtn, Thomas L. Hsmrr, Calvaiy Morns, Wm. K. Bund, J. Ridgrway, John Ctiailey, Sumson Mason, J. Alexander, Jr. Alexander llarpcr, D. P. LcadbflUer, Wm H Hunter, John W Allen, El is lia Whittlesey, A. IV. Loom is, Matthias Nhepler, 1 Daniel Kilgorc, MICHIGAN. Isaac E. Crary. * On bo'.h ticket*. t Claimi d by both parties. The wisest and l>est men in our country, in the lan guage of a cotemporary, acknowledge that great evil* have crept into our banking system, and that these evils must I*eradicated; but there are very few to bo found who will openly proclaim the pernicious and destructive doctrine, that the banks must a I be deshuyed, Hart. Patriot. The death of the lamented Governor Floyd, of Vir ginia, was caused by Paralysis We believe this dis tinguished gentleman was one of the famous line of Po cahontas His physiogornv and hair, like those of Ran dolph, seemed lo carry evidence of the Aboriginal pedi gree. SPEECH OF MR POLK, ?T TBNN*a?KK, In tke House of RejrtMnlaUtta V. S Jan. 183 S We are happy to have it in our power to add another point to the line of fortificattona we have interposed to aiueld the Treaaury Irom ita liability to be " expoaed to be plundered by a hundred handa, where one cannot now reach it." We could not wiah ? more concluaive argu ment agatnat the employment of individual agent* ?? the dejMMitoriea of the government than la Airmailed u* in Una ipeecb. The baitenea formerly erected agauitt thia propoattiou we think will be found equally atrong and tenable now. It will appear in the extract we makit below, that if Mr Gordon * proposition waa not aaaailtd out of the Houae by the fnenda of the adminiatration, it at leaat waa oppoaed by thoae who watched iu intere?t? iri/Am. Among other reuiarka againat Mr. Gordou'a proposition, Mr. Polk, aaid:. M Whilst 1 ain up ii may be well to notice Home other propositions of amendment, which the House have been notified will be made to this bill, especially as 1 may not have another opportunity to address the House. A gen tleman from Virginia (Mr. Gordon) has signi fied his intention to move the amendment to thisbfll, which he presented and had printed by order of the House some days ago. That amendment provides, that the 44 collectors of the public to venue"?when the amounts col lected are small?"shall be the agents of the treasurer to keep and disburse the same ;" and tliat they shall receive an annual compensa tion. It provides, further, that at places where the amount collected shall be large, that " Receivers" shall be appointed 44 to be agents of the treasurer," 44 to keep and dis burse the public moneys," and that they shall be paid an annual compensation for their ser vices. The Secretary of the Treasury, in his Report has not overlooked the description of personal agency here proposed, but has submit)ed to Congress his views in relation to it. He states, that 44 this kind of personal agency is, in his opinion, lo be avoided, in all practicable and safe cases, under our pre sent system of selected banks; because it would render the system less convenient, less secure, more complex, if not more expensive." ? * * * *. 44 Unless the States and the United States, should both deem it proper gradually, and, in the end, en tirely to dispense with the paper system, and which result is not anticipated, the Govern ment cannot escape occasional losses from that quarter, and can never hope to escape all losses from banks as fiscal agents, except by the employment, in their place, of other and in dividual agents, who wilt probably be found less responsible, safe convenient, or economical."? He concedes that it would be practicable to employ such agents, but does not recommend it, for the reasons slated in the paragraphs of the Keport which 1 have read, and because it would not, in the present condition of things, be so eligible a system as the present one.? A corjioration may be safer than any indivi dual agent, however responsible he may be, because it consists of an association of indi viduals who have thrown together iheir aggre gate wealth, and who arc bound in their cor porate character to the extent of their- whole capital stock for the deposite. In addition to this, the secretary of the treasury may re quire as heavy collateral security, in addition, to their capital paid in, from such a corpora tion, as he could from an individual collector or receiver?which makes the government deposites safer in the hands of a bank, than it could be with an individual. It may well be questioned whether the heavi est security which the most wealthy individual could give, could make the public deposite safe, at the points of large collection.?In the city of New York, half the revenue is collected. Several millions of public money may be in the hands of a Keceiver at one time ; and if he be corrupt, or shall engage in speculation or trade, and meet with a reverse oj fortune, the loss sustained by Government would be inevita ble. With ample security, as it was sup posed, the Government lost a million or more in the tea cases, a few years ago. The loss es in these cases alone as already stated, in 1827 and 1828, when it was supposed ample care had been taken to secure the debt, amount ed to near two millions." 44 As regards the second objection?the al ledged incompetency of these banks as fiscal agents?the manner iu which they have per formed, and are performing, these duties, must remove all doubts which may have existed on that point. It is no longer a question of doubt whether they can, with facility and promptness, transfer the public funds to the most distant points of disbursement, and per form ail other duties which, as fiscal agents, they may be required to perform." ? From the Nru> York Tittut. WHAT SHOULD CONGRESS DO? Our notions in relation to this matter have been repeatedly expressed, but as the session approaches we welcome the opportunity pre sented by the following communication from a high quarter, to advert to the subject again. There are one or two things in addition to those proposed by our respected correspon dent, which must be done. Congress must suspend the second section of the pension law, which forbids the receipt of aught for Govern ment dues but specie, or notes of specie pay ing banks. They must suspend also that clause in the deposite law which requires the Secretary of the Treasury to remove the de posites from all banks that do not redeem their notes in specie on demand. A state of things not contemplated when that law was passed, has been produced by irresistible causes, and the public welfare requires imperatively these provisions. It requires little else than the measures now indicated, and Congress may mature and adopt them all, and whatever else is necessary, in a few days. The next best mode in which they can serve the public is to adjourn. Let us put oil the separation of bank and state, and all other measures of political and commercial convulsion, until the body politic is in a healthier state, and better able to endure shock and change. For Iht Timri, What should Congress do ??This isa ques tion which is universally propounded, but we have as yet observed no feasible plan proposed for their adoption. In our opinion, the fol lowing measures should be matured at the commencement of the session, as they would materially relieve the business community and being temporary in their nature, would in all probability, be acceded to by the larger por tion of both political parties. 1st Pass a resolution authorising the ..Se cretary of the Treasury to receive in payment of all debts to the Government, for a limited period, the notes of such banks as pass cur rent at the place where the revenue is collect ed, subject to such discretionary arrangements as tnay be deemed necessary by the collec tors, postmasters and receivers, and whi?h are sanctioned by the head of the 1 reasurj I lepartment.