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THE MADISON IAN.
THOMAS ALLEN, Tub Madisohiaii is published In-weekly during lU sittings of Congress, and Seuii-weekly during the Vf ceM, at 96 per annum. For an months, 99. No subscription will bo taken for a term short of ail mouths ; nor unless paid for in a lira nee piica or advbbtisinq. Twelve lines, or laaa, three insertions, - 91 00 Each additional insertion, - 9? Longer sdvertiseinruts at proportionate rates. A liberal discount made to thoee who advertise by the y?*r. B7 Subscribers may remit by mail, in bills of solvent banks, pottage paul, at our risk ; provided U ahall ap Car by a postmaster's certificate, that aucb remittance s been duly mailed. A liberal discount will be made to companies of ^s? or more transmitting their subscriptions together. ? Postmasters, and othera autboriied, acting aa our agents, will be entitled to receive a copy of the paper gralu for every five subscribers or, at that rate per cent, on subscription generally ; the terma being fulfilled. Letters and communication intended lot the eata bliahment will not be received unless the puitag* u paid. PROSPECTUS. Tmb Madisonian will be devoted to the support of the principles and doctrines of the democratic party, ss delineated by Mr. Madl-on, and will aim to consummate that political reform in the theonr and practice of the national government, which haa been repeatedly indi cated by the general sufferage, as aasential to the peace and prosperity of the country, and to the perfection and perpetuity or Us frse lustitutious. At this Ume a singu 'Jar stale of affairs is presented. The commercial in terests of the country are overwhelmed with enibarrass inent; ita monetary concerna are unuaually disordered ; every ramification of society is inssded by distress, and the social edifice seems threatened with disorgaiuaalwu; every ear is filled with predictions of evil and the niur inurmgs of despondency; the general government is boldly asssiled by a Urge snd respectsble portion of the people, ae the dweet eausc of thrnr dilhcult.es ; open resistance to the laws ia publicly eucouraged, and a apirit of inaubordination ia foatered, as a necessary defence to the pretended uaurpationa of the party in power ; aome, from whom better things were looped, are making ihe "confusion worse confounded," by a head long pursuit of extreme notions and indefinite phantoms, totally incompatible with a wholesome atate of the country. In the midst of all these difficulties and era barraasinenta, It ia feared that uiany of the leas firm of the friends of the aduiiuialrauon and supporters of democratic priuciplea are wavering in ihcu confidence, and beginning, without juat cauac. to view with distrust thoae men to whom they have been long attached, and whose elevation they have laboured to promote from houest and patriotic motives. Exulting in the anticipa tion of diainay and confuaion amongst the supporters of the administration as the consequence of these things, the opposition arc consoling themselves with the idea that Mr. Van Bureu'a friends, aa a uatioual party, are verging to diaaolution ; and they allow no opportunity to paaa unimproved to give eclat to their owu doctrines. They are, indeed, maturing plana for their owu future government of the country, with aceming confidence of certain aucceaa. , , This confidence is increased by the fact, that visionary theories, and an unwise adherence to the plan for an exclusive metallic currency have unfortunately carried some beyond the actual and true policy of the govern ment ; and, by impairing public confidence in the credit system, which ought to be preserved and regulsted, but not destroyed, have tended to increase the difficulties under which the country is now labouring. All theso seein to indicate the necessity of a new organ at the aeat of govermnent, to be established upon sound prin ciples, and to represent faithfully, and not to dictate, the real policy of the admimalration, and the true aentimeuta, measures, and inlereata, of the great body of its sup porters. The necessity alao appeara of the adoption of more conaervative principles than the conduct of those seems to indicate who aeek to remedy abuses by de stroying the institutions with which they are fouud con nected. Indeed some measure of contribution is deemed essentisl to the enhancement of our owu self-respect at home, and to the promotion of the honor and credit of the nation abroad. To meet these indicslions this undertaking has been instituted, and it is hoped that it will produce the effect of inspiring the timid with courage, the deapoudmg with hope, and the whole country with confidence in the adiniuiatration of its government, in this view, this journal will not seek to lesd, or to follow any faction, or to advocate the viewa of any particular detachment of men. It will aapire to accord a jiist measure of sup port to each of the co-ordinate brancbea of the govern ment, in the lawful exercise of their constitutional prerogatives. It will address itself to the understandings of men, rather than appeal to any unworthy prejudices or evil passions. It will rely invariably upon the prin ciple, that the atrength and security of American insti tutions depend upon the intelligence and virtue of the people. Tub Madisonian will not, in any event, be made the instrument of arraying the north and the south, the east and the west, in hostile attitudes towards each other, upon any eubjeel of either general or local intorcat. It will reflect only that spirit aud thoae principles of mutual concession, compromise, and reciprocal good-will, which so eminently characterized the inception, formation, and Bubsequent sdoption, by the several States, of the con stitution of the United States. Moreover, in the same hallowed spirit that has, at all perioda siuce the adoption of that sacred inatruinent, characterixed its dbpemcb by thb pboplk, our press will hssten to its support at every emergency that shall ariae, from wliatever quarter, and under whatever guise of philanthropy, policy, or principle, the antagonist power may appear. If, in this responsible undertaking, it shall be our Rood fortune to succeed to any degree in promoting the ?rinonv and prosperity of the country, or in conciliating jealousies, and allaying the asperities of party warfare, by demeaning ourself amicably towards all; by indulg ing personal animosities towards none ; by conducting ourself in the belief that it is perfectly practicable to differ with others in matters of principle and of expe diency, without a mixture of personsl unkindness or loss of reciprocal respect; snd by " asking nothing that is not clearly right, and submitting to nothing that is wrong," then, and not otherwise, will the full meaaure of its intention be accomplished, and our nmiiary rule for its guidance be sufficiently observed and sslisfied. This enleqtrize has not been undertaken without the approbation, advisement, and pledged support of inany of the lesding and soundest minds in the rsnks of the dcmocractic republican party, in the extreme north and in the extreme south, in the east and in the west. An association of both political experience and talent of the higheat order will render it competent to carrv forward the principles by which it will be guided, snd make it useful as a political organ, and interesting as a journal of newa. Arrangements slso have been made to fix the establishment upon a subsUntial and permanent basis. The subscriber, therefore, relies upon the public for so much of their confidence and encouragement only as the fidelity of his press to their great national interests shall prove itself entitled to receive. THOMAS ALLEN. Washington Citv, D. C. July, 1837 NOTICE. THE New York and Doston Illinois Land Company will offer at public auction at their office in the town of Quincy, Adams County, Illinois, on Monday the 27th day of November next, 100,000 acres of their Lands silu ated in the Military Tract in said State. Lists of thr lauds may he had at the office of said Com pany in Quincy and at i t W?ll Street, New York. A minimum price will be affixed to each lot at the time it is offered. JOHN TILLSON, Jr. Agent for the N Y. 4 B. III. L Co. Aug. 25, 1837. lawtNov?8 PRINTER'S PAPER. PRINTING PAPER, with or without sizing, of all qualities, made at the Saugerties Mill, Ulster County, New York. Orders will lie promptly attended to if nd dressed tothe Ajtent, WILLIAM BRADFORD, Nu. lo Spruce street, New York. HENRY BARCLAY, Proprietor, Sept. 2 (-1I.OVES, SUSPENDERS, STOCKS. WOOLLEN J SHIRTS, AND DRAWERS. ? We have to-day opened? 'M) dox. Suspenders, liest kind. 50 do. superior Gloves. 50 do Stocks, tiest make. 80 pieces Silk Pocket Handkerchief*. 50 doien (jentlemen'a Ribbed Woollen Drawers. 50 do. do. do. do. Slurta. 6 do. Raw Silk Shirts. At. so, 50 pieces Irish Linens. 200 do. Sea Island Cotton Shirtings. BRADLEY CATLETT. fcspt 8. 3Uw2?8 THE MADISON IAN. VOL.1. WASHINGTON CITY, THURSDAY, SEPTEMBER 28, 1837 NO. 16. M OVES! STOVES! iM) (JKATES. aL VK just received frutu the North a very Urge sup ? of Stove*, Orate*, and double Block Tin Ware? Hixxtns, Dressing Boxes, Ac. I hare Stores of almost all kinds, suitable for wtd or csai. In the first place, 1 have the Rotary Cooking Stoves of all the differ ent sises, No. 0, 1,2, and 3. Ten Plate Stoves of all the different aiaes, loth for cooking and plain. Franklin Stoves of all the diflerenl siaaa. 1 have some very sptai did Parlor Stoves for burning wood or loam. Coal Stoves of all sites. Dr. Spoor's Coal Stoves, fancy and plain tops, from No. 1 to ft. Coal Stovea of other kinds. Dr. Spoor's Coal Stoves and tha Globe Stoves are most suit able for Public offices, large halls, churches, stores, ai.d steamboats, or any apartment where you with ? strong heui. la lait 1 have Stoves that will beat any place, either with wood or coal. 1 have the lateal fashion Mantis Orates, both low and high fronts, very cheap?and if 1 have not a pattern of Oral* on hand that will suit, 1 can make it at the shortest uoliee, to suit any fancy. I tun fully prepared to do any kind of Tin, Copper, wSeet Iron, Stove, Orate, Lead or Zinc work, at the shortest notice. Any person or persons buying Stoves or Orates from the subscriber, or any other thiug in his lin?, will have them sent home in good order, free of any extra charge. Stoves will lie put up ready for use, free of any extra charge. All the ul?ove articles will be sold very low, and all or ders thankfully received and punctually attended to, with despatch, as 1 shall have a number of Aral rate workmen. Vi\e doors East of D. Clagett's Dry Oooil Store, next door to E. Dyer's Auction Store, Penn. Av. '' CLEMENT WOODWARD. Sept. 9. (Intel, and Globe.) 3t8 BANK OF WASHINGTON. Wth Aioust, 1837. AT the regular meeting of the Board this day, present, the President and nine of the Directors, it was una nimously NiwM 1st. That on snd after the first of September next the notes of this Bank be redeemed la specie. 2d. That all deposit** remaining undrawu, (the sains having nearly all been received since the suspension of specie payments,) and all future deposites, other than aurti a* may be made in specie, and lie at the time so en tered, be payable in note* current in the District of Co lumbia. 3d. That all collections for Banks and individuals, and all curtails, be received in notea current as above ; and that all sums so collected be paid in like funds. W. GUNTON, President. JAS. ADAMS, Cashier. OteodA (CONGRESSIONAL DOCUMENTS, JOURNALS, J LAWS, AND DEBATES?GEORGE TEM PLEMAN has for sale at his Book and Stationary Store, opposite the General Post Office, all the Journals of Con S-ess, from 1774 to 1837. Gales and Seaton's American tate Papers in 21 folio vols., from the first to the 24th Congress inclusive, or from 1780 to 1823. The Regular Senea of Documents in royal 6 vo. vol umes, as published eaeh Session, from the 18th to the 24th Congress incluaive, or from 1823 to 1837. The Laws of Congress, in 8 vols, containing the Laws from the first to the 22d Congress inclusive, or from 1780 to 4th of Mnrch, 1833; the sei ies is made complete to the 4th of March, 1837, by the pamphlet Laws of the 23d and 24th Congress. This is the edition used by Congress and the Public Offices. Story's Laws of the United States, in 4 rols. from 1780 to 4th of March, 1837. The 4th vol. contains an index to the four volumes. . The pamphlet or 8ession Laws of the United States from the 5th to the 24th Conrgess inclusive, or from 1707 to 1837. Any separate pamphlets can be furnished. Gsles and Seaton's Register of Debates in Congress. All Documents on Foreign Relalioua; Finance, Com rnercc, and Navigation ; Internal Improvement; Military and Naval Affairs ; Indian Affairs ; Public Lands, and on Claims of every description can be furnished separately in sheets. Also, for sale as above, a large collection of files of Newspapers published in WaHhington, and some of the princi|ial cities in the United States. Aug. 8X . , tf3 BOARDING HOUSE. MRS. TAYLOR can accommodate Members of Con gress, or other gentlemen, either with or without families, at her house, pleasantly situated, near the north east corner of 10th anJ E street; being froui thence an agreeable walk to the Capital or to the public Depart ments. Aug. 30. tf5 HOUSE FURNISHING GOODS.?We have for sale? 50 pieces ingrain carpeting, which we will sell low. 50 do Brussels. 02 do 5-4, 6-4, 10-4, and 12-4 Linen Sheeting*. 100 do 7-4, B-4 Hitiualy 8-4, 10-4 and 20-4 fine Table Cloths. Napkins to match. 1 bale Russia Diaper. 1 bale wide Crash. Also, 50 Marseilles Quilts. BRADLEY & CATLETT. Se.p 9?3tw2w WE have for sale, which we will have made up in the best manner? 20 pieces super, black Cloths. 100 do ribbed and plain Cassiuieres. 20 do plain and figured velvet Vcstings. 50 do colored and black Silk Vestings. BRADLEY dt CATLETT. Sep 9?3tw2w8 WE HAVE FOR SALE? 100 pieces Black Silks, superior make 50 do Figured Blue Black do 150 do Colored Figured Silks 100 do Plain do The above will be sold low. BRADLEY dt CATLETT. 89?3taw3w (Globe.) SAMUEL HE1NECKE informs his friends and the public, that he has taken a room four doors north of Doctor Gunton's apothecary store, on ninth street, where he will carry on his business. He feels confident, from hm long experience in cutting all kinds of garments, that general satisfaction w ill be given to suoh as may favor hiin with llieir custom. sep 23 3taw3w PHRENOLOGY.?The subscriber has taken an office for a few days, in Elliot's buildings, near the Native American Hotel, where he will make examinations and give instructions in the Science of Phrenology. All who may wish to put this science, which teaches that the character and talents of persons are indicated by the form and sixe of the hond, to the searching test of practical experiment, or to obtain correct ami minute de scriptions of their own characters, are invited to call. Each examination will be accompanied by an extensive work upon the subject, presenting a full view of Phreno logy and also preserving the description given. D7lndividusls will be waited upon at his office, and select parties and families at their dwellings. 15 ALONZO BARTLETT. PENSION ET ECOLE FRANCAISE ET AN GLAISE.?Madame DORMAN will re-open her boarding and Day School on the first Monday in Septem ber, on 10th street, four doors from the Avenue. CoNrKBKNCEs and CoN VKISATIONS in Frknch. Madame Dorman will devote three hours in the even ing to Conferences nnd Conversation* in French, for the improvement of Iodic* of mature year*, and of young ladies who study or have studied this language, as it is ths liest way to remove and prevent the objections that those who have learned this language by study are seldom able to converse iL At the North, Conferences and Conversa tion rooms, such as Madame Dorman proposes, are always crowded ; this manner of instruction being both pleasing and fashionable. Ladies wishing to attend them will please apply to Madame Dorman. Sept. 12. 2aw3wll NOTICE. THE SUBSCRIBER wishes to procure a Lot of ground of about 20 or 25 acres, intended for Wheat or Rye, this season, as near the Capitol as possible; for the purpose of exhibiting during the present session of Congress, his Patent Revolving Harrow, Sic. As a proof of the superiority of this implement over the common drag harrow for pulverizing the soil, and the destruction of weeds, he is w tiling to take one half of the field with three good horses, to lie worked abrrsst by one man, against six common drag harrows, eaeh two horse* and one inan ; in doing which, he pledge* himself, that the earth shall be put itras good, if not better order in the same space of time, which may lie required with the six common harrows. After the work i* done, disinterested judges will he se lected onthe spot to examine the same with a four pionged fork or rake; to enable them to decide correctly which of the implement* is beat calculated for preparing the ami for the reception of the grain. And a* a further proof of th<' value and superiority of his Kotsry Harrow-, the grain will tie turned in by it on one-half of the field, and the other half in the usual war by the drag harrow. When the grain is reaped, threshed snd measured, he does not hesi tate to insnre an increase in the crop of 10 per cent., over that halt which may be cultivated by the common harrow. Where farmers are in the habit of ploughing io their grain, he will take 5 peeks to the acre, and produce 10 per cent, more by Rotary Harrow, than 6 pecks turned in with the plough. JAMES D WOODSIDE, ? Near the West Market. Sept 16 WdMmffM, D. C. We invite the attention of oar reader* to an able article froiu the Albany Argua, signed " Marshall." In the following aentiinenta of the Argua we sincerely concur : Our correspondent, ?? Marshall," trials th? question of an exclusive metallic medium for the payment of Government dues, with ability and in good temper. H is ono of those subjects which, ae the menage remarks, deserve a full and free diecueeion, and cannot fail to be benefitted by a dispassionate comparison of opinion*. The note* of specie paying bank* may be received, under pro]Mir restrictions, ana at short settlements of balancee, in payment of Government duee It would contribute to the public convenience, and to the facility of transacting the business of the customhouse, whilst it would serve a* an incentive on the part of the bsufcs to an early resumption of specie payments. No one, bow aver, imagines that the rocoipt into the Treasury of irre deemable bank piper could be sanctioned liar s moment. from tkt AUhxny Argua. THE MESSAGE. It i* one of the brightest attributes of a free people that they are permitted to examine, and a* reason and judgment shall decide, approve or condemn the opinions of their rulers, and the acts of government. Nay, they are not only permitted, but it is their duty to do *o_; for while on the one hand it is a ssfegusrd upon tlieir liberties and s cheek upon the encroscnments of power, on the other it serves to inculcate that apirit of inde pendence, ui thought and in act km, so essential to the perpetust>on of our free institutions, and which forms the distinguishing characteristic between s free sud an enslaved people. Viewing in this light .the duties and privilege* of an American citizen, it wdl not, I trust, be deemed presumptuous limine, or disrespectful towards the highest functionary in the land, to examine the opinions he has put forth in his late message to Con gress, and the reasons by which those opinions are en forced. I yield to no one in respect for the talents, or admiration of the wisdom and integrity of Martm Van Buren. And wlule 1 cheerfully accord to his messsge all that its warmest friends can desire, whether on the score of the spirit in which it is conceived, and its man ner, or its manifest desire to protect and preserve the beat interest* of the people, I am constrained to *sy that some poahioas are sssumed and some opinions put forth, which, however eloquently or cogeully they may be argued and enforced, fail ol carrying conviction to the mind. I allude to that portion of the message in which he endeavors to show the practicability of collect ing and disbursing the revenue in gold and silver ex clusively. Tbi* proposition has hitherto been consider ed wholly Utopian, and if put forward at the present time by one interior in political sagacity to Martin Van tiuren, would meet but little attention, however well it might deaerve public consideration. That it is wholly impracticable at this time, is sincerely believed ;? and that its tendency, i/ carried into execution, would be to paralyze and prostrate the energies of the country is deemed susceptible of demonstration. The arguments he adduces in favor of this proposi tion sre these :?It would produce s wider circulation of gold and ailver ; it would increase the safety of bank paper and improve the geueral currency, aud that it is not the interest of the batiks that the government should receive their psper; that if it was refused they would be conducted with more caution and upon ssfer princi ples, and aa the government would create a demand for specie, it would, to a great extent, prevent it from be ing exported, and by keeping it in circulation, maintain a broader and safer basis for the paper currency. It will not be maintained that the government should receive the paper of bsnlu in payment of the revenue, which do not redeem their notes in specie on demand and are in good credit; but it is contended tliat by re fusing to accept sught but gold and ailver in payment of government dues, you make an unjuat discrimination, and thereby cast. a stigma upon those banks issuing such paper, and in effect pronounce them unworthy of confidence. You thus create two currencies, one of enhanced value to be devoted excluaivcly for the uac of the government; the other of depreciated value, depre ciated by this set of discrimination, for the excluaive uae of the people. That every measure, the tendency of which i* to create such a distinction should be enre fully avoided, as of ruinous consequences to every in terest of the couutry, need not bo demonstrated; thai BUt.li will UU lllU Cflbct of tlii* mooanrn ?"'? ararro. ly be doubted. Create a demand for gold and sil ver and nothing else will bo received. Tho timid and the avaricious will bosrd it, the first from fears ex cited by the acts of government; by the latter that he inay obtain tho premium which its enhanced vslue will authorize hiin to demand. Thus, instead of giving a wider circulation to the coin of the country, it will have s contrary effect. The government will receive nothing but gold and silver; this is retained in its vaults until its wants require it?so Ut this is an abstraction of so much from the circulating medium of the country.? There is no force in the argument, that as the govern ment will receive nothing nut gold and silver, so no thing will be paid out by it but gold and silver, and thus it will be kept in circulation. The psyments of the government are paid to its agents at stated periods ; these agents are supposed to be actuated by the same motives and principles which govern other men ; if gold aud silver is in demand, as it undoubtedly will be, will they not retain it in their possession until the debtors of government arc constrained to purchaso it of them at their own price! It will benefit the government agents alone, and this at the expense of the public at large. That this measure will increase the safety of bank ps per and improve the general currency csnnot be admit ted ; for it must be evident to every one that no person will willingly receive a bank note, proscribed by the government, and in consequence, of depreciated value, when he can demand and receive the specie. If he is a debtor of government he will demand specie, that he inay be enabled to meet its demands upon bim ; if not a debtor of government he will demand it that he may obtain the premium which those who sre its debtors wiil be compelled to |>ay , in either case it is withdrawn from circulation. If then nothing wdl he received but gokl and silver, and the banka be compelled to redeem their notes aa soon as issued, they will be compelled at once to circumscribe their issues by the amount of specie they may have in their vaulta, or have recourse to snother suspension of specie paymenla. If the firat, the great design of banks?supplying the deficiency of specie, will be defeated ; and if the Istter, the government, the peo ple and the banka will be placed in the same predica ment they are at present. Hence it will follow, instead of improving tho general currency, this project will have a contrary tendency, it will enhance one description, and depreciate or entirely destroy the other. But it is said that it is not the interest of the banks that the government should receivo their paper. And why not? Because if refused, banks would be con ducted with more caution, and upon sounder principles. If a refusal of bank notes by the government will csuse the banks issuing them to be conducted with more cau tion and upon sounder principles, it must follow that re fusals by individuals must have the like clfect. Or iu other words, the more circumscribed the credit of the banks, the better for their interest. This is at war with a principle which has hitherto been considered as at the foundation of all banks?that unlimited coufideuce was necessary to their existence. Adopt this measure and you declare to the world that they are unworthy of con fidence ; this, it is ssid, will compel the banks to con duct their business with more caution and upon safer firinciplea. Why ! It is true that when one man has oat the confidence of another, he is sedulous in bis en deavors to redeem his lost reputation, and that he may be again taken into favor. But this principle of human action cannot in this instance influence the conduct of the ttanks; the act of the government discards thorn, and no expiatory sacrifice, however great, or regenera tion of character, however thorough, can reinstate them in its favor. But it is believed that the reverse would bo the fact. The banks sre thoroughly convinced of the importance of possessing the confident* of government; they know that iho discovery of the least misinauaje meiit on tbair part would lie the signal for their proscrip tion ; consequently every motive which could constrain them to follow a prudent course will be constantly ope rating to keep them within due limits. I,et the govern ment refu*e to receive their paper and this constraint will be removed , they are beyond the control of the general government and when they arc debarred ita smile*, they will have no cause to dread its frowns. It is said again that as the government would create a demand for specie, it would to a great extent prevent it from being exported, and by keeping it in circulation, maintain a broader and aafer basis for the psper curren cy. No person is more thoroughly convinced of the necessity of s broad specie baais for our currency than myself, but it must be evident to every on* that there is a certain proportion beyond which we hsv* no right to require. A da* iropoftion of the p^daoametala is na M' Co, iruujcbM of tha atfairs of every com merciai, manufacturing and agricultural ?*Wj? every quarter of tbe ghba; and any attempt to ?batract from them and in?ini?it more than our proportion!. alike un juat .Ml impolitic The truth ?, the precioua metals Should ba left fr*a U foUow tha balance of trade m whoaeaoevw favsr that may ba, and MJf attampi to " hedge tu the cuekoo" will not ?dy bo uM??li.jg. but will be itlendcd with injurious eflecU. Wm gold iiftd silver Itke paper currency, capable of being increaaed at pieaaure, a conunwad demand would ba mat hy aeon yoiK-d iuuuIv ; bet tkwrc is i Imba* . precioua metal., and in a correapondmg nuo to thaw scarcity and their enhanced value, in co.iMxjueuce of the depreciation of the p*i*r currency, will be their de ma ml Thi. demand will not ba *e moan. of keeping thein in cireulaaoo, but on the contrary, ?? be lore shown, will lend to tb?ir withdrawal. .... If these view. are correct, it followa that the enda da aired cannot b? atuined by the adoption of ihe proposed measure. . ... Having tha. gooe over tba moat prominent of the ar gument. in favor of the measure, and eudeavored to ahow that tkey are alike untenable, I will now adduce a few reason* against ita adoption. That the convenience of the public la to be regarded in a vary nwasure of government, ia a proposition which will not I* denied. The meaaaga admila it. 1 liat it wdl ba mara convenient for tha government debtors to pay their duaa in tha note, of specie paying hanks in good crsdit, than gold and sHvar, ia equally iraa rhn difficult/ experienced in obtaining the email amount of apecie, now required for the payment af po*age ahow. tha trath of this poaitien iu the cleareat poasible light. The meaaaga itUs us that tbeva ia between aaventy and eighty milliona of epecie m tha country at Una iwmi lbi? ia not all in the possesion of the banks ; a large portion of It la left to circulate among us If then, dif ficulty is experienced now in oblauiing sufficient apecie for postage, will not the difficulty be increased many bundled fold when all the duca of government are to be paid in that currency 1 America baa not seen the tuna, nut in bar m&t proaperoua daya, when the government debtor could meat his angagementa with apecie aa con veniently aa with the notes of specie paying banks in ?tv,U not the government be aa eecure, and will it not be mare convenient, to receive the notea of epecie pay ing banka in good credit! I will waive the advantagea of receiving and diaburaing notea of a large amount over gold or ailver, and examine the quoatwo ui ita more im Lrtant bearmga. It will be observed that if the govern ment receive nothma but apecie, it will be compelled to disburse specie onfy. A. a greater portion of revenue will oe collected at the city of New York than at any other place, it will follow that tha demand m tha city will cauae a continual dram upon the country for apecie aa at preacnt. Let ua auppoae then, that the go vernment ia to pay the aum of ftve ten, or? twenty ibou sand dollara in a diatant part of the Union, (a daily trans action previous to tha auapension of specie payments,) U?s apecie lo be conveyed to the point desired! Not through the agency of the banks moat certainly, even could they be prevailed uporito undertake^a taak so onerous, for all connexion with them is discarded. The only alternative then ia. that it mu.t be conveved the e by the government. Thi. ha. hitherto been done w.Ui entire Mtisfaclion to all partiea by the baiika free ofex penae to the government. But thia difficulty ia propoac to be obviated, in a meaaure. by the issuing of draft., which will be received in payment <>1 government duea Thia .yatem will work to admiration if, ?t the very nick of time when thia payment i. to be made, there ahould be at the point to which the specie ia to be conveyed, a government debtor who had apecie on hand to the amount of the dtaft. In such cases ^ woutd go well; but it need not be Mid that the possibility of auch a happy conspiration of circumatancea ? bleinatical Suppose tliat tho Secretary of the I reaau S Sd iaauoauch a draft, a.h1 from many*,f the ten thousand causes which may arise, it ahould be diahonor ed, laths government creditor to he U'fled wKh, sod ihumt ho wait until the government shall be enabled to JS,! Th. truth th? tr?.ury draft avitem, ?? . principle ot extended .ctioti, will .. often farl as perform its functiona with auccess It will be injurious, if not ruinous to the creditor, ar^ernba - raasma lo tbe operation, of the treaaury. lheea *?? would in a great meaaure be corrected, if not entirely avoided, by calling in the aid of the banka. Aa the fiscal ssi %&&&%*& c..?S rsxzsn: I ain euly endeavoriug to show that it i. for the "'teres of the government to call in the aid ol the banka u|K> occasions like thoac above alluded to A ref.i.al o ac cept oc |>ay out aught but gold or ailver, will forbid the ?rovertmeut to participate iu theae benefita. Bu. a consideration of paramount importance to any hithero alluded to, ia that tho interest of the people aa eonmcted with the banks forbids its adoption. 1 have before shown the effect the operation of this system wtll have ipon the banks : it will depreciate their paper, draw their s*ccie from their vaults, or to aave themselvesand uuard afainat ruin, they will be compelled to cnrtail Ei au? to the amount of apecie they can command, or re sat to the only alternative-s suspension of specie ?vm?tY No bank, no matter how well conducted, unless is resources are illimitable, could hope to with atantTtie operation of the system. The t*nk. to every interest of the country is ?o generally sdmitttd that I .hall preacnt no argument in their favor. ?'ScS.ic with them entirely ta an idea wh^^ama to hax no advocate," except with a few radical apinta, who wiuld ride into wealth and powerj>n the ruina of the dcireat intere.t. of their country. Thi. proportion has U?n hailed by them with triumph ; it is emphatical W tlSI meaaure ; in iu adoption they we the proapec fve nitration of every banking institution Hi the land, ch.ifrtiev be ctatified! Shall an ? untried expenment b]!.dS viewed in it. most favorable light of doubt ful ptiediency and problematic success! Ihe country of the government and the people should be put lorwaru to restore that confidcnce which has been destroyed, an to reanimate those energies which have been P?r'yfr'' fcominuatice of the eystem hitherto ^ ^ > ,K? lulls of soecic paying banks in good repute, ui'pavu'cnt of the revonuo, will tend more than any Other plan to the furtherance of this great and sbaorbinu /.Kiori It will add a new motive to the many which eonsnire to render it the object of the bank, to resume apecie payment, at the first practical moment, wh.le a., ^osite courae will have an oppoaito tendency. Let", nauae then and reflect, before we give our aanction measure which may be attended with U.ungev .1.^ Albany, Sept 15, 1837. PUBLIC OPINION. The following sensible resolutions, we extract from the published proceedings of a republican meeting at Ithica, N. Y. Resolved, That while we have confidence in the Banking system of this .tate, as being Mfe and judiciou. in it. c.sential feature., and believe that a deatruction of the ayatem, or impairing public confidence in it. wfety and .lability, would be an unrcparable injury to the people of the .tate, who havu hitherto .uatained a high character of commercial enlerprixe and prosperity, we are ready to yield oui support to any measure of correc tion or reform which ia ncccaaary to render it all llut wisdom or prudence can de.ire. Resolved, That a period of common calamity i. no time for recrimination or urging or experimenting theo retical questions; but that mutual forbearance and united exertion., and an industriou. and prudent appli cation of their resource*, on the part of the people, and a firm .traight forward adherence lo republican jiolicv on the part of the general and state governments, will soon extricate the conntry from its preaeut commercial and pecuniary 'embarrassments. Resolved, That we are opposed to all radical doc trines and measures, whether they bear the aspect of modern whiggery or loco-focoism?of aristocracy or moborracy?that truth, wisdom, and safety, are to bo found between the extremes?bounded by the ancient landmarks of tho democratic party, and sustaining the constitution, the prosperity, and legal institution, of the country. Resolved, That acknowledging and cherishing an equality of political right, and privilege., we are op posed to every attempt to create jcilouacs and distinc tiona between ihe various classca of community, aa anti republican in principle and mischiovoua in effect : That farmcra, mauufactureta, mechanics, laborers and mer- ! ciianta, are all necessary to the welfare and improve ment of civilized society; that they are mutually de-' pendent upon each other for aucceas in their various callings, and what is for tha actual welfare of one branch , of these pursuits, promotes tba prosperity of all. Resolved, TW it ia no part ?f tbe republican cre? d U> proscribe any Man oa account of bia trade, proles ?ion, or calling, or of Wa wealth or In a poverty j anil that we ask and expert j?o further qualification lu a candi date for an elective office, thaji th?t bo ia " bone.!, ca pable, and faithful to tbe con.ihntion"?a member of, and regularly nominated by the republican party. Tbe " Republican Elector*" of the town of Laoeing, N.*Y., adopted tbe following reeoiuiion at a recent ?neetuig: Reaolved, That we approve of the present safety fund system of banking, until a better can be devised that we are in favor of correcting any eviia that m*y eiiftt in oar present ayatem; and that we will unite with our fellow citizens in any measure which may be deeuied noceaeary for tncwasiug our afiecie baaie for a aafe paper circulation ; but the idea of having au "ax cluaive metallic currency," ia, in the opinion of thia meeting, perfectly visionary and impracticable. It ia also tbe opinion of thia meeting that a general banking law would be unconstitutional, and independent of tbe constitutional objection, would have a direct tendency to increase the evil so loudly complained of, to wit, tbe "exceasive issue* of paper money .* From lbs proceedings at Eulield, Naw York. Resolved, That we are in favor of a well regulated ayatem of credit, becauae it givea the poor equal privi legee with the rich ; but would recommend a reform of our present banking institutions, ao aa to give confidence to tne holders of their billa. We are satisfied our coun try baa prospered under the influence of our present institutions, and that our exiating embarrsaemenia are not owing to the mil-administration of either the gene ral or aisle governments ; but was caused by over trading, a peculation, ?a species of faniticiam in winch the whole community has participated, and over which the government had no control. From the Central Committee of Kingaton, N. Y. " Reaolved, That we believe aouud, aafe State Banks, confined in their operationa to the legitimate pitrpoaes for which they were created, useful auxiliaries to the agricultural, mechanical, commercial, and other inte rests of tks country." From the Westchester Republican. Tub Mbssaok.?In looking over this document, can dor compels us to say it aavors too much of the I?oco Foco doctrine for our taste ; but, however, we may differ in some of the poaitiona assumed, it ia evidently tbe production of a strong mind, an acute and pene trating understanding, and dreaaed in a smooth, unos tentatious garb, seldom if ever before witnessed on such occasions. It is moreover, a bold, frank, and undis Ced expoaition of the views and aentiments of its au , and casta away at once the charge of non-commit tal. The general tenor of ita conclusions are drawn from tho book of life, are pretty faithful delineations. With respect to tbe public revenue we cannot per ceive that that part of the Message ia directed by aound policy or prudent economy. That individual, who re ceives the public money and locka it up from circulation, would not be a uaeful member of aociety?the aame rule would apply to our public functionariea. Money waa intended for circulation, and if the citizens can be benefitted by that operation without loss to the state, they should be gratified ; and be who proposes the beat plan to aectire that object, ia a public bencfactor. Thia can never be done by leaving the money in the hands of the receivers, nor have we much better opinion of its convenience or ultimate safety to the government. Credit ia as good as money any day. Destroy that, and you rob the honest poor man of his capital. The Geneva Gazette says .?" The idea that to dia sent from any measure or suggest ion which the Presi dent may recommend, ia to ' abandon,' or ' oppose,' ia erroneoua in tbe extreme, and not conaonant with our views of republican doctrinea." From the Bangor Whig. INTERESTING FROM THE BORDER. We learn from a gentleman direct from the seat of difficulty, and who bore a letter for Major General Hodadon, that the Lieut. Governor of the Provincea, had, after reaching home with Greely, ordered a force of three hundred troops on to tbe line, for its defence, and that ?n ?-*yr fpr more troonshsd b??n H??n*irHH to Halifax. >Y e learn further that when newa of the arrest of Greely reached Houlion, a number of Ameri can troops were despatched for lua protoctiou, but ar rived too late. Ordera bavin? now been issued for the arrest of the Commissioners who arc to lay out the road from the Aroostie to Madawaska, the Governor of the Provincoa anticipates a brush with the citizen soldiery of Maine, and ia preparing for it. Well, one thing is certain, it will not do for the authorities of this State to quietly permit her citizens to be taken and imprisoned by a foreign power, without cause. The British au thorities have laid out a road user the disputed territory without molestation ! Shall not Americans, who own the soil, have the same privilege ! The above rumors arc given on what may be consi dered good authority, and although we might wish them unfounded, we cannot permit ourselves to doubt their accuracy. From the Grand Gulf Advertiser. MISSISSIPPI BANK ARRANGEMENT. The much persecuted Brandon Bank has taken the first step to redeem her own credit and that of the State. Tho directors have resolved to advance money to our planters to the full amount of the present crop, together with half the amount of the succeeding one, at an interest of seveu per cent.?cotton pledged by the planters to be delivered at Grand Gulf or Vicksburg, as the planters may find most convenient. From these two points, the banks will ship their cotton to Europe, whero it will be sold for gold and silver, and the money brought back for the use of the State. Planters cannot but foresee the great con venience arising from this arrangement. They not only save the expense of transportation to New Orleans, but also the commissions and taxes of every description incurred by selling their cotton at that city. The expenses amount in gross to about $4 per bale?the crop of Mississippi is about 350,000 bales?the expenses, therefore, of the transmission and sale of our annual crop at New Orleans, amounts to one million four hundred thousand dollars?leaving out of the question the 20 and 25 per cent, commissions. Let every bank in the state of Mississippi adopt the policy of the Brandon bank, and its five millions will be retained at home, to build up our commercial towns, and pay the annual expenses of the planters. But the story is not half told. This policy will be the inevitable means of effecting a resumption of specio payments by our banks. Cotton will not only purchase goods, but will command gold, and if the banks have cotton they can redeem every dollar of their paper ia the northern cities without a picayune of specie. Thus otir banks will be furnished with sixteen millions of dollars in specie, by the annual product of our soil. Wno is so blind as not to see that it will immediately raise the credit of Mississippi bank paper, at least above any other State in the Union? Biddlc's bank in its palmiest days not ex cepted. By such a policy both the hanks and the planter have nothing to risk, but every thing to gain. The present non-specie paying in terdict will be immediately removed?our forty-five millions of State Bank paper will come into circulation, and Mississippi, abused, scoffed at, and trampled under foot as dhe has been, will arise like -a Phumix from the ashes of its ancestors, redeemed, "regenerat- : ed and disenthralled"?not as was the slave on touching the shore of England, to undergo a more terrible bondage, but to stand for ever upon a commercial and financial baaia, as imperishable as a soil that grows richer by production, and which nothing but an omni potent power can destroy. Important Commercial Document.? Extract of a letter from Robinson, McCall & Co., dated Tampico, 29th July, 1837.?"The Con ducts from the interior has arrived, bringing the sum of one million seven hundred thou sand dollars, which is highly welcome to all interested ; of this sum 9500,000 will go to New Orleans, about $100,000 per Brilliant, for New York, and ^ large part of the ba lance will go by the British packets and British men of war, for British government accounts, for purchases made by the British Commissary, lor his bills on the Lord's Com. of H. M. Treasury. " I hand yon herewith a statement of the trade of Tampico for the year 1836. Few are aware of the importance of the trade of this place, and particularly its trade with the United States. You will see by this state ment, that independent of the twelve British packets that arrive and sail monthly, that the whole number of vessels arriving, including Mexicans, in 183G, was 118, amounting to 10,575 tons, the imports in which were here valued at two millions six thousand and three hundred dollars.?Of these 118 vessels, 47 were Mexicans, 3109 tons, and imports valued at 225,400 dollars ; whilst the imports in 56 American vessels, 5565 tons, were valued at one million two hundred and three thousand and four hundred dollars, being more than one half of the whole import trade, including British packets." From the Sarth Carolina Star and Qa title DANK CONVENTION, The bank of the State of North Carolina has agreed to unite in the proposed Bank Convention, with the view of fixing upon a day for the resumption of specie paymqpts. The president and directors of this bank, we understand, regret that an earlier day was not fixed upon fur the meeting of the Convention. They are prepared at any moment to resume, when the banks generally shall enter upon the measure. We do not believe there is a bank in the Union in a sounder condition. It is a fact highly creditable to the directory of this institution, that of the 86 deposite banks, according to the report of the Secretary of the Treasury, only two have more specie in their vaults, and no^one appears to be so well prepared to meet its liabilities. Specie-Paying Banks.?The following list of banks that were paying specie at the last advices, has been compiled by a friend from the recent statement made in various newspapers. It holds out great encourage ment to others to go on and do likewise, now the panic is so much over. People's Bank, at Bangor, Maine ; Waldo Bank, at Belfast, do.; Belfast Bank, do. do.; Mequinticook Bank, at Camden, do.; Lime Hock Bank, at Thomaston, do.; Connecticut River Bank, at Roxbury, Massachusetts: Yarmouth Bank, at Barnstable, do.; City Bank of New Haven, Conn.; Brooklyn Bank, at Brooklyn, New York; Bank of Rome, at Rome, do.; Patterson Bank, at Patterson, New Jersey ; Franklin Bank, at Washington, Penn.; Northwestern Bank of Virginia, at Wheeling, Va.; Insurance Bank, at Colum bus, Ga.; Bank of Columbus, do. do.; Com mercial Bank of Macon, do.; Central Bank, at Milledgevillc, do.; Citizen's Bank, at New Orleans, La.; Consolidated Association Bank, do. do.; Ijouisville Savings Institution, at Louisville, Ky.; Shawncetown .Bank, at Shawneetown, Illinois; Dayton Bank, at Dayton, Ohio; D?nk ?f Marietta,Marietta, do.; Bank of Xenia, at Xenia, do.; Ohio Trust Company, at Cincinnati, da; Pontiac Bank, at Pontiac, Michigan.?G\obt. To which may be added, the TraJesmen's Bank, at New York ; the Canal lank, at New Orleans ; and the Bank of Washington, in this City. Further effects of Loco Focoism.?The^d ministration have met with serious defeat jn Maine. The republican candidate for govev nor has been beaten, and instead of our usual majority of nine or ten thousand, we are now in the vocative.' And why is this ? The an swer is plain. Men have become alarmed at the progress of Loco f ocoism. They ha\e been told that it received countenance ii^higk places?that the party in power recognised as in their ranks the professors of that creed, and they feared its destructive effects. Those who were content to remain quietly at home, while the good of the people was studiously advanced by the pillars of our party, turned out to a man, when they were made to be lieve that Loco Focoism was fostered in its stead ; while others, active republicans, have thrown their weight into the scale of the op position, from a conviction that even whigge ry is less odious than Loco t ocoism. We regret that any have thus mistaken their true interests, and that their fears have led them to contribute to a result so disastrous as our de feat in Maine. And yet, so long as we leave room for the supposition that Loco Focoism and Republicanism can travel the same road, fit can by possibility unite ; so long shall we be liable to similar defeats, snd we hazard nothing, in predicting, that unless the connec tion is absolutely and unequivocally dissolved, and such dissolution made apparent to all, that our overthrow is certain. State after state is lost to ub, the whigs gain the ascendancy, and a National Bank is established upon the ruina of " untried expedients." Better march on in the old democratic path, neither swerving to the right to shake hands with the whigs, nor to the left to recognise loco focos. Both are to be avoided, and both deserve unabated hos tility.?Poughkeepsie Journal. Maine.?By the returns of the election in Maine as far as received, scarce a doubt re mains but that the Whigs have succeeded. Another Stato has fallen into the ranks of the Opposition?a State which a year ago was ten thousand strong in support of the Admin istration ! Will such practical lessons of instruction?such strong, though silent a voice of admonition, pass unheeded ? Or does madness continue to rule tho hour ? We confess that we had strong fears that tho custody and disbursement or the public revenue by treasury officers would materially increase executive patronage, by the increase of additional appointments and the control of the money in the Treasury; and to which we are opposed.?Vermont Gazette.