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The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, October 31, 1837, Image 1

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?DIT01 iNP riofllltoi.
Th? MtmioNUN is published Tri weekly during ihe
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Thk Madisonian will be devoted to the support ol
the principle* and doctrines of the democratic party, as
delineated by Mr. Matiiron, and will aim to consummate
that political reform in the theory and practice of the
national government, which has been repeatedly indi
cated by the general sufferage, asassential to the peace
and prosperity of the country, and to the perfection and
perpetuity of it* free institutions. At this tune a singu
lar state of affair* is presented. The commercial in
terests of the country are overwhelmed with embarrass
ment ; it* monetary concern* are unusually disordered ;
every ramification of aoeiety i* invaded by distress, and
the social edifice seem* threatened with disorganization;
every ear is filled with predictions of evil and the mur
muring* of despondency; the general government is
boldly assailed by a largo and respectable portion of the
people, as (lie direct cause of their ditliculUes ; ojk-ii
resistance to the laws is publicly encouraged, and a
spirit of insubordination is fostered, as a necessary
defence to the pretended usurpations of the party in
power; some, from whom belter things were hoped, are
making the " confusion worse confounded," by a head
long pursuit of extreme notions and indefinite phantoms,
totally incompatible with a wholesome stale of the
country. In the midst of all these difficulties and em
barrassinents, it is feared that many of the less firm of
the friend* of the administration and supporters of
democratic principle* are wavering in their confidence,
and beginning, without Just cause, to view with distrust
those men to whom they have been long attached, and
whose elevation they have laboured to promote from
honest and patriotic motives. Exulting in the anticipa
tion of dismay and confusion amongst the supporters of
the administration as the consequence of these things,
the opposition are consoling themselves with tho idea
that Mr. Van Huron's friends, as a national party, are
veiging to dissolution ; and they allow no opportunity to
pass unimproved to give eclat to their own doctrines.
The* are, indeed, maturing plans for thtir own future
government of the country, with seeming confidence of
certain succesa.
This confidence is increased by the fact, that visionary
theories, and an unwiso 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 regulated, but
not destroyed, have tended to increase the ditliculties
under which the country is now labouring. All theso
seem to indicate the necessity of a new organ at the
seat of government, to be established upon sound prin
ciples, and to represent faithfully, and not to dictate, the
real policy of the administration, and the true sentiments,
measures, and interests, of the great body of its sup
porters. The necessity also appears of the adoption of
more conservative principles than the conduct of those
seems to indicate who seek to remedy abuses by de
stroying the institutions with which they are found con
nected. Indeed some measure of contribution is deemed
essential to the enhancement of our own self-respect at
home, and to the promotion of the honor and credit of
the nation abroad.
To meet these indications this" undertaking has been
instituted, and it is hoped that it will produce the effect
of inspiring the tnnid with courage, tho desponding with
hope, and the whole country with confidence in tho
administration of it* government. In this view, this
journal will not seek to lead, or to follow any faction, or
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men. It will aspire to accord a just measure of sup
j>ort to each of the co-ordinate branches 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 prejudice*
or evil passions. It will rely invariably upon the prin
ciple, that the strength and security of American insti
tutions depend upon the intelligence and virtue of the
The Madisoman will not, in any event, be made the
instrument of arraying the north and the so^ith, the east
and the west, in hostile attitudes towards each other,
upon any subject of either general or local interest. It
will reflect only that spirit and those principles of mutual
concession, compromise, and reciprocal good-will, which
so eminently characterized the inception, formation, and
subsequent adoption, by the several States, of the con
stitution of the United States. Moreover, in the same
hallowed spirit that has, at all periods since tho adoption
of that sacred instrument, characterized its oepenck
by thk people, our press will hasten to its support at
every emergency that shall arise, from whatever quarter,
and under whatever guise of philanthropy, policy, or
principle, the antagonist power may appear.
If, in this responsible undertaking, it shall be Onr
good fortune to succeed to any degree in promoting the
harmony and prosperity of the country, or in conciliating
jealousies, aild allaying tho asperities of party warfare,
by demeaning ourself amicably towards nil; 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
lency, without a mixture of personal unkindncss or loss
reciprocal respect; and by " asking nothing that is
not clearly right, and submitting to nothing that is
wrong," then, and not otherwise, will tho full measure
its intention be accomplished, and our primary rule
for its guidance be sufficiently observed and satisfied.
This enterjirize has not been undertaken without the
approbation, advisement, and pledged support of manv
of the leading and soundest minds in the ranks of the
deinocractic 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
highest order will render it competent to carry forward
the principles by which it will be guided, and mako it
useful as a political organ, and interesting as a Journal
of news. Arrangements also have been made to fix tho
establishment upon, a substantial and permanent basis.
The subscriber, therefore, relies upon tho public for so
much of their confidence and encouragement only as the
fidelity of Ins press to their great national interests shall
prove itself entitled to receive.
Washington City, 1). C. July, 1837.
TIIK SUBSCRIBERS, having leased the Exchange
Hotel, (l?lr Pimm's,) ami having fitted it up in first
rate style, will tie prepared to receive visiters on MON
DAY the Oth inst. The location of the house, being w ith
in n fe w mini'tes w alk of the depot of the Baltimore and
Ohio, Washington and Baltimore, and Pluladelph iajt?il
roads. as well as the SteamUiat to Philadelphia, Nortolk,
and Charleston, S. C., makes it a desirable place to all
travellers going to either section of the country. This
HOTEL attached to the Exchange Buildings in this city,
has been erected and furnished at a isreat cost by the pro
prietors, and is designed to lie a first rate hotel. It m
the intention of the subseril>ers to make it for comfort, re
spectability, Ate. he., equal to any house in the United
Stales. '1 be undersigned flatter themselves that they
need only promise to all who may patronise the establish
ment, that their best efforts shall be exerted to please, and
at charges which they hope will meet their approba
Baltimore, Oct. 7, 1837. 4w21
50 pieces incrain carpeting, which we will sell low.
50 do Brussels.
fi2 do 5-1, 0-4, 10-4, and 12-4 Linen Sheetings.
J00 do 7-4, 8-4 Barnslv Diapers.
rt-4, 10-4 and 20 4 fine Table Cloths.
Napkins to match.
1 l??lc Russia Diaper.
1 bale wide Crash.
Also, 50 Marseilles Quilts
Se p 9?3tw2w
FOR 8AI.K, OR BARTER, for property
in the city of New York, or lands in Illi
nois, ths followlug vnluaiilc property in ths
village of Oswego :
, B3" The rapid growth of Oswego, iu un
surpassed advantages and great prospects, are too well
and too (euerally known to require a particular descrip
IEP A very minute description of the property is deem
ed unnecessary as it is presumed that purchasers living
at a distance will coins and see, before they conclude a
aargiun. .Suffice it lo say, that it is among lite very best
bn the plat v
lLs Y%oam wit lands or tn? flr*t quality, w ith a perfectly
near title, and free of incumbr see, will be taken in ex
U_r heurit pom paid, addressed to the subscriber, at
Oswego, will meet with prompt attention. An ample de
scription of the property offered in exchange is requested.
In East Oswkoo.?The Eagle Tavern and Store ad
loining, on First street, with a dwelling house and stables
on Second street, being original village lot no. 50, 66 feet
on First street, runniug east 200 feet to Second street.
The south half, or original village lot no. '14, being 33
feel on First street, running east '400 feet to Second street,
with the buildings erected thereon.
The north-east comer of First and Seneca (late Tau
rus) streets, being 90 feet on First, and 100 feet on Senc
caHirerts, with the buildings erected thereon?comprising
part of original village lots nos. 41 and 42.
Three lots, each with a dwelling, fronting Second street;
I,lie lots are 22 feel wide by 100 deep, being part of original
village lot no. 41.
Lot, with dwelling house, [original village lot no. 26,]
being 66 feet on First street, running west about 250 feet,
across the canal into the river, so that it haa four fronts.
In West Oswbgo.?Lot corner of Fifth and Seneca
(late Tatirus) streets, opposite the public square, lieingon
Seneca street 143, and on Fifth street 198 feel, withdwell
ing, coach house, stabling, and garden. The latter is well
stocked with the best ana rarest fruit, ornamental shrub
bery, flowers. &c.
A lot adjoining the above, being 78 feet on Fourth stre?t
by 58 feet in depth.
Six lots on First street, each 22 feet in'
front, running east 100 feet to Water
street, with the buildings thereon.
The Wharf and Ware houses on Wa
ter street, opposite the foregoing, being
132 feet on Wuter street, and running
east about 110 feet lo the river. [This
wharf has the deepest water in the inner
Lot corner of Seneca and Second streets, Iveing 21 feet
on Seneca, and 66 feet on Second streets. Five Lots ad
joining the foregoing to the east, each being 22 feet on
Seneca street, by 66 feet in depth. The above being part
of the original village lot no. 36.
The north half of block no. 63, being 200"fcet on Utica
[late Libra] street, by 198 feet on Third and Fourth
On Van Bourn Tract.?Lot no. 1, Montcalm street,
being 200 feet deep, and running north along Montcalm
street several hundred feet into the Lake.
Lots no. 2 and 3, Montcalm street, each 66 by 200 ft.
12 " 13 " "
13, 14, and 15,being 343 ft. on Bronson st.
210 on Van Buren st.
300 on Eighth st.
North 3-4ths of lot no. 25, corner of Van Buren
"ad Eighth streets, being 200 feet on Van Buren, and 148
t eet on Eighth streets.
Lot 82, south-west corner of Cayuga and Eighth streets,
66 by 198 feet.
Lots 83, 84, 85, 86, 87, on Cayuga st. 66 by 198 ft.
88, s. c. corner of Cayuga and Ontario streets, 198
by 104 feet.
89, 8. w. corner of do, 198 by 195 ft.
70, on Seneca St., 66 by 198 feet.
58, s. w. corner of Seneca and 8th st*., 66 by 198 ft.
50, n. e. corner of Onturio and Schuyler streets, 198
by 101 feet. ,
50. on Seneca street, 66 by 198 feet.
75, s. e. corner of Seneca and Ontario streets, 198
by 104 feet.
76, s. w. corner of do. 198 by 130 ft.
64, n. e. corner of do. 198 by 104 ft.
46, 47, 48,'49, on Schuyler st., 66 by 198 ft.
The incumbrances on the whole of this property do not
exceed sixteen thousand dollars, which may cither re
main, or if desired, can be cleared off.
Oswego, N. Y., Aug. 22,1837. 2in6
PLUMBER'S BUSINESS?The subscriber, from
Baltimore, takes this method of informing the citizens
of Washington and vicinity, that he will remain a few days,
and make arrangements lor undertaking any of the follow
ing kinds of work in his line of business, viz. The erect
ing of Water Closets, Force or Lift Pumps, Baths, hot or
cold, fitted in a superior manner, the conveying of water
from springs to dwellings, and through the different apart
ments, draining ijuarries, or any kind of lead work. He
can be seen at Mr. Woodward's.
N B.?He has with him a few Beer and Cider Pumps,
to be seen as above.
Berween 10th and llthsts., Penn. Avenue.
Oct. 18?23
46 South Charles St., Baltimore,
HAS just received and is now opening, five hundred
ntul forty packages of the above description of goods,
adapted for the Southern and Western markets?Con
stantly on hand, English, Iron Stone, and Granite China,
suitable for extensive hotels and steamboats?all of which
will lie sold on as favorable terms as can be bought in any
city in the Union.
Oct. 10. tf22
SAMUEL HEINECKE informs his friends and the
public,'that he has taken a room four doors north ol
Doctor Gunton'a apothecary store, on ninth street, where
he will carry on his business. He feels confident, from
his long experience in cutting nil kinds of garments, that
general satisfaction will be given to such as may favor
him with their custom. scp 23 3taw3w
WILL BE PUBLISHED on Monday next. No 1 of
MOCRATIC REVIEW, wilh a full length engraving in
copper of Col. Benton addressing the Senate?after a fine
sketch by Fenderich.
table of contents.
1. Introduction. The Democratic. Principle?
The importance of its assertion, and ap
plication to our political system and lite
2. The Battle-Ficld. By Wm. Cullen Bryant.
3. Nathaniel Manm. - -
4. Antiimn. By Mrs. E. L. Follen.
5. The Constitution Oak. ....
6. Tho Toll-Gatherer's Day, a Sketch of Tran
sitory Life. By the Author of "Twice
Told Tales," .....
7. The Worth of Woman. From the German
of Schiller.
8. Mexican Antiquities of Palenqtic and Mit
lan, in tho Provinces of Ciiiapa and
9. Palestine, An Ode. By J. G. Whittier.
10. Miriam, a Dramatic Poem. ...
11. Storm Stanzas.
12. Glances at Congress, by a Reporter, No. 1.
?The Extra Session?the American Union
?the Hall of the House?the Sneaker?
Henry A. Wise?Eli Moore?Calrb Cush
ing?John Quincy Adams?C. C. Cambrc
leng?Ogdcn Hoffman.
13. Enigma. By A. H. Everett, Esq., Boston,
14. Political Portraits, with the pen and pencil.
No. 1. Thomas Hart Benton. [With
an engraving.] ....
15. Epitaph. From the Greek Anthology.
16. European Views of American Democracy.
De Tocqueville. ....
17. The River. - -
18. The Moral of the Crisis
19. Retrospective view of European Politics.
(Introductory Article to the Historical Register of European
The system pursued at the Congress of Vienna?Its in
fluence on France?England in 1815 and 1835.?
FRANCE. Gain in Democratic Lil>erty since the Re
volution?Iiouis Phillipe?Bocrne on Lilierty. GER
M ANY. Policy and effect of alsdishing the Empire.
PRUSSIA. Its policy and influence?The tariff union
and currency?Philosophy of the Germans?School
system?Military organization?Municipal government.
Al STRIA. It* internal condition ana political posi
tion?Hungarian diet?and Bnron Wesseleny. MI
Palish Revolution. SPAIN AND PORTUGAL?
an influence?Fortifications of Brixen. RUSSIA.
Probabilities of collision w ith England?Consequence
of the ascendency of ihc Democratic principle in Eng
Office of the U. S. Magazine and Democratic, Review
corner of 10th and E streets, Washington. 3t?23
[N. Y. Eve. Post and Com. Adv.] .
IE? Compris
ing the original
'village lots no.
3 and 4.
From tki Augusta ((Jta ) Cim?lihdunutlut.
Wednesday, Oct. 18, 1837.
Tho convention mot pursuant to adjourn
mcnt, and was called to order at 12 o'clock by
tho chairman.
The President called on the Select Com
mittee for their report, whereupon the Hon.
George McDuffie, the chairman, rose and
read in a clear and impressivo manner the fol
lowing report and resolutions.
The Select Committee raised for the pur
pose of ascertaining and reporting, what mea
sures will, in their opinion most effectually
contribute to the accomplishment of the great
object of this convention, ask leave to submit
the following:
The Committee are deeply interested with
the importance of the duty assigned them,
and have bestowed upon it all their limited
time would permit.
They regard the present derangement of the
currency and exchanges of the country, how
ever, we may deprecate its cause and deplore
its immediate effects, as furnishing an occa
sion, which, if wisely improved, will relieve
the staple-growing States from a state of
commercial dependence, scarcely less re
proachful to their industry and enterprise,
than it is incompatible with their substantial
Tho staple-growing States, while they pro
duce two-thirds of the domestic exports of the
United States, import scarcely one-tenth of
the foreign merchandize which is received in
exchange for it. Almost the whole of tho
foreign commerce which is founded upon the
productions of our industry, is carried on by
the citizens of other States, causing their
cities to flourish, while our's have been sink
ing into decay.
In the opinion of tho Committee, the period
has arrived, when our citrzens are invoked
by the united voice of interest and patriotism
to put an end to this voluntary tribute, amount
ing asnually to something like ten millions of
dollars. It is believed that the quota of Geor
gia and South Carolina alone amounts to not
less than three millions of dollars. It may
not be disguised, however, that this extraor
dinary and unequal state of our commercial
relations, had its origin, more in the fiscal
operations of the Federal Government than in
any supposed deficiency in the industry and
enterprize of our citizens. The high duties
imposed by the tariff of 1816 upon the pro
ductions of Southern industry, and the still
more enormous duties imposed by those of
1824 and 1828, combined with the unequal
system of depositing and disbursing the reve
nue thus collected, almost exclusively in the
Northern cities, operated as a bounty to the
commerce of those cities, which the most
persevering industry ami enterprize on our
part, could not have overcome. Great and
obvious as were the natural advantages of our
Southern cities, they were more than counter
balanced by these operations of the Govern
ment. And whilst we stood amidst the ruins
thus produced by misgovernment, many of our
own citizens were utterly unable to account
for the phenomenon, and some of our charita
ble neighbors supposed it to be owing to the
curse of heaven upon our domestic institu
Every practical man, however, will at once
perceive that the deposit of almost the whole
of the Government funds, in the banks of the
Northern cities, was equivalent to a loan of a
like sum without interest, and that the im
mense sums disbursed by the Government at
the same points, operated even more decid
edly to give those cities an undue ascenden
cy. One of the most obvious and salutary
consequences which we may confidently anti
cipate from the reduction of the duties and the
withdrawal of the Government deposits from
the banks, will be the restoration of the
Southern cities to a condition of comparative
equality in tho business of foreign commerce.
In a fair and equal competition, it cannot be
doubted; that they will be able to exchange
our domestic productions for the manufactures
of Europe, by a direct trade, more advantage
ously, than the Northern cities can do it, by a
circuitous process, involving intermediate
transfers and agencies, all increasing the risk
and expense of tho operation.
The staple-gn.wir.g States never can be
practically independent and enj< y the full
measure of the bounties which Providence
has so abundantly provided for them, until
the commerce which is founded upon their
valuable productions shall be carried on by
our own merchants, permanently resident
amongst us, whether they be native or adopt
ed. The pursuits of commerce must be li
beralised, the commercial class must be ele
vated in public opinion to the rank in society
which properly belongs to it. The avocation
of the merchant requires as much talent and
is of as much dignity and usefulness as any
other pursuit or profession; and the senseless
prejudice which would assign to it an inferior
rank, has been blindly borrowed from those
ancient republics and modern despotisms,
whose policy it was to regard war as the
only honorable pursuit. As agricultural pro
ductions, which find their market principally
in foreign countries, constitute the almost ex
clusive source of our wealth, the mercantile
is as indispensable to our prosperity as the
agricultural. Their interests are inseparably
identified, and whatever affects the prosperity
of the one, must have a corresponding influ
ence on the other. How much, then, does
the general welfare of tho staple-growing
States depend upon diverting into the pursuits
of commerce, a large portion of the capital,
tho character and the talent, which have been
hitherto directed too exclusively to agricul
ture and the learned professions ? It is the
deliberate opinion of the committee that no
one chango could be made in our pursuits,
that would so largely contribute to the public
prosperity ; and that those public spirited citi
zens who shall take the lead in this new ca
reer of useful enterprise, w ill deservo to be
regarded as public benefactors.
The prevailing habit of investigating al
most the whole proceeds of our cotton crops
in land and negroes, has produced a constant
tendency to over-production in this great sta
ple ; and nothing but tho extraordinary in
crease of its consumption in the great mar-,
kets of the world, has prevented us from ex
periencing the rutnous consequences of our
mistaken policy. In this view of the subject
every dollar that shall be diverted from the
production of cotton, to some other profitable I
pursuit, will be so much clear gain to the
planter and to the country.
It is a well established principle in politi
cal economy, that an excess of supply beyond
the efficient demand, diminishes the price of
an article more than in proportion to the ex
ctss, und that a deficiency of supply increas
es the price in a corresponding degree. For
example, it is believed that if the present cot
ton crop of the United States should be only
1,200,000 bales, it would produce a larger
aKgregate sutn to the planters, than if it should
prove to be 1,500,000 bales, the price hring
more enhanced than the quantity would be
diminished. It was upon this principle that
the Dutch East India Company, actually burnt
one hall their spices, that they might obtain
more for the remaining half than they could
have obtained for the whole. Let us pursue
a still wiser policy. Instead of burning our
surplus, let us direct the capital and industry
that produce it, to other profitable pursuits,
which will open new sources of wealth, and
at the same time increase the value of those
already in existence. In connection with
this view of the subject, the policy of raising
every supply which the ?oii will produce"
cannot be too strongly recommended. By
whatever specious reasons a contrary policy
may be countenanced, experience proves them
to^ be fallacious. If every planter would
raise his own supplies of the various produc
tions of the soil and of the animals which
feed upon those productions, it would tend
greatly to limit the excessive production of
our great staples, and increase at the same
time the independence and the income of the
agricultural class.
The committee will now proceed to exa
mine a little in detail, the relative advantages
of the Southern cities for the business of fo
reign importation, compared with those of the
Northern cities. In the first place, house
rent is much higher in the latter than in the
former, a very important element in the cal
culation. In the second place, freight is ha
bitually higher from Europe to the Northern
than to the Southern cities, for the same rea
son that ships coming to the South for cotton,
would have to come in balast if they were
not freighted with merchandise. All other
elements that constitute the cost of importa
tion, are believed to be as cheap in the South
ern as the Northern cities. It is thus demon
strable that foreign merchandise can be actu
ally imported and sold in the former at cheap
er rates than in the latter places. When to
this we add the expenses of transhipment at
New York or Philadelphia, the loss of inte
rest, the freight and insurance to the South
ern cities, the expenses of landing and storing
there, it will be apparent that the merchants
of tho South and South-West, will find it
greatly to their advantage, to make their pur
chases of foreign merchandise in our own
cities, in preference to New York or Phila
delphia. The same course of reasoning will
show that our cotton can be exported directly
from our own seaports, with similar advan
tages over the more circuitous route of tho
Northern cities.
It seems, therefore, perfectly clear to the
committee, that our capitalists who shall enter
into the business of importing foreign mer
chandise, cannot fail to realize ample profits,
and yet supply the merchants of the interior
oh terms more advantageous than they ci n
obtain from the Northern importers. They
have every natural advantage in the competi
tion, and are invited by every moiive, public
and private, to embark in the business and
reap the rich harvest that lies before them. It
cannot be doubted that the merchants of the
interior will give them a preference, since, to
the motives of interest, those of patriotism will
be superadded.
Among the measures which will most ef
fectually promote the great object which has
brought this Convention together, none are
more prominent, in the estimation of the com
mittee, than the completion of the great works
of internal improvement, by which the southern
Atlantic cities arc to be connected with the
valley of the Mississippi. In aid of the indi
vidual capital and enterprise engaged in these
works, it is believed that the patronag) of the
States interested, might be wisely and bene
ficially bestowed. Their completion would
greatly promote the system of direct importa
tions through our own seaports; and these
importations would equally promote the com
pletion of the works in question. They are
parts of one great system, and will mutually
sustain each other. If Georgia and South
Carolina, with that harmony and concert of
action which the inseparable identity of their
interest so strongly recommends, would bring
their individual energies and resources to the
completion of those lines of communication
connecting their Atlantic cities with the navi
gable waters of the West, tho day would not
be distant when our most ardent hopes and
sanguine anticipations would bo realized.
The committee beg leave to suggest to the
Convention, another measure, which, in their
opinion, would be eminently conducive to the
great object we have in view. One of the
obstacles in the way of establishing a system
of direct importations, is the want of the re
quisite capital applicable to that object. The
country, it is believed, contains a sufficiency ?
of capital, if motives be presented to give it a
proper direction. To effect this, the commit
tee can suggest no measure, which in their
opinion would bo so effectual, as a law limit
ing the responsibity of copartners to the sums
which they shall put into the copartnership.
A large portion of tho capital to which we
must look for carrying on the business of
direct importations, is in the hands of planters,
and men of fortuhe who have retired from
business, who would bo willing to put a por
tion ol their surplus capital into importing
copartnerships under the management of men
of character and capacity, he would never
consent to make their whole fortunes respon
sible for the success of the undertaking. If
they actually contribute a certain amount of
capital, and the public is apprized that their
responsibility extends no further, it is obvious
that tho credit of tho concern will rest upon
the substantial foundation of the capital paid
in. Nothing can bo more fair as it regards
tho public, and nothing would so effectually
direct the capital and enterprise of our citizens 1
into channels where it is so much wanted.
I he committee think it would be expedient
to memorialize the Legislature of the southern
and south-western Slates on this subject, and
recommend to the Convention the appoint
ment of committees for that purpose.
Another measure which would greatly
facilitate tbo establishment of a system of
direct importations, would bo the formation of
a connection and correspondence between some
of our banks and some pf those in England,
by which each should have a standing credit
with the other. This would enable the banks
here to furnish merchants who might wish to
purchase goods in England with letters of
credit, upon receiving adequate security. The
bearer ol such a letter would have to pay
interest only from the time he actually drew
the money to pay for his purchases. This
would prevent the loss of interest wliich he
would incur it compelled to provide himself
with money before be set out on his adventure.
Cotton purchasers from England would derive
the same benefit by obtaining similar letters,
from the banks there, upon those of our banks,
with which they should havo an established
If in addition to these facilities, our banks
would establish agencies in Europe, and ad
vance a limited amount, upon Cotton con
signed to them, it would greatly contribute to
accomplish our great object, by enabling our
citizens to export their own cotton, as well
as to import their own merchandize, without
the intervention of any Northern agency.
In concluding their report, the Committee
cannot but express their strong conviction,
that the success of this great movement to
wards the emancipation of the great staple
growing States from their commercinl tram
mels, will depend more upon individual enter
prise, sustained and supported by an enlight
ened public opinion, than upon any measures
of legislation, however important these may
be. The business of direct importations
must be commenced at once ; for if the pre
sent occasion is permitted to pass awav un
improved, one equally propitious may never
occur. The Committee recommend the Con
vention to adopt the following resolutions, in
furtherance of the views expressed in the fore
going report :
1. Resolved, That in the opinion of this
Convention, the present juncture in our
commercial affairs is eminently propitious for
the establishment of a system of direct im
portations, through our Southern and South
western cities, and that we are called upon
by every consideration of interest and of
patriotism, to throw off the degrading shackles
of our commercial dependence.
2. Resolved, That with a view to induce
public spirited capitalists to embark in this
business, the people of the staple-growing
States be recommended to give public mani
festations of their determination to encourage
and sustain importations through their own
3. Resolved, That two Committees be ap
pointed by the President of the Convention,
to memorialize respectively, the legislatures
of Georgia and South Carolina, on the sub
ject of limited copartnerships.
4. Resolved, That a Committee be ap
pointed to prepare an address to the people
of tho Southern and South-western States,
setting forth the advantages and practicability
of carrying on a direct trade with foreign
nations?exhibiting in detail the extent of
their resources.
5. Resolved, That said Committee, in
preparing such address, embody and conform
to the views of the Convention as expressed
in the Preamble and Resolutions adopted.
On motion the Report and Resolutions were
ordered to be read separately.
The secretary then repd the first resolution.
As soon as he had finished, Gen. McDuffie
rose, and spoke in favor of the resolution and
the objects of the Convention. He was
followed by Joseph Cumming. Esq., of Sa
vannah ; Seaborn Jones, Esq., of Columbus ;
and Mr. Chappell, ol Macon, all of whom
spoke -at length on the benefits which the
meeting of this convention was likely to pro
duce to the Southern States, if the citizens
thereof would only take the subject matter
into serious consideration, and lay hold of it
with hand and heart.
Alter Mr. Chappell had finished speaking,
Mr. VVm. Dearing, of Athens, then rose and
moved that tho convention take a recess until
lour o'clock, which on being put to the vote?
was lost.
The question on the adoption of the first
resolution, was then put and carried unani
The second resolution was then read by
the secretary and was adopted without debate
as was also the third.
The fourth resolution was then read, but
before the question was taken, Mr. Seaborn
Jones rose and stated to the convention that
lie had a resolution which he wished to offer
to the convention, and that if approved of,
should precede the resolution just read ; he
then read the following resolution.
Resolved, That it is a sacred duty which
the citizens of the Southern and South-western
States owe to themselves, their posterity and
their country, to give a decided preference in
procuring their supplies, to our merchants
who carry on a direct trade with foreign na
Joseph Cummings, of Savannah, opposed
the resolution,?ho thought it was unnecessa
ry and would do no good?merchants would
buy whore they could procure their goods on
the best terms; and that if tho South could
not afford greater facilities ttyin the North,
they would still resort to Northern markets.
Hut he believed tho South could afford as
great or greater inducements, and if she did,
there was no need to appeal to the patriotism
of its citizens, for l>oth patriotism and interest
would induce them to trade with us.
Mr. Jones then replied to the arguments of
Mr. Cumming, and after some further remarks
from Messrs. Jenkins, ol Augusta, King, ol
Brunswick, and Alexander, of Charleston, |
Mr. John Hones, of Augusta, offered as an
amendment, that after the words " decided I
preference," the following should be added?
where the terms are equal?which amendment
was received by Mr. Jones, and the resolution
as amended, was put to the Convention and
Mr. Seaborn Jones then rose and asked
leave to add to the third resolution passed, an
amendment, which he read. Mr. M'Duffie
opposed tho motion, as did Mr. J. A. Cuth
bert, of Milledgeville.?Mr. Jones spoke in
favor of his motion, but after a few remarks
from Mr. Parkman, of Savannah, he with
drew his amendment.
I he fourth and fifth resolution! were then
read and adopted.
Joseph Cuintiung, Esq , of Savannah, then
rose, and after a few preparatory remark*,
offered the following resolution, which was
seconded bv Mr. Alexander, of Charleston. ,
Resolved, That this Convention recom
mend to the citizens of the South and South
western States to appoint delegates to meet
in Convention at Augusta on the first Monday
m April, 1838, to continue the interests and
and objects of the Convention before the
Mr. Alexander, of Charleston, rose and
made a few remarks ; he was followed by
( ol. liayne, of Charleston, who spoke at
length on the benefits to be derived by the
adoption of the resolution?but the resolution
being out of order, a call was made for the
question on the adoption of the Keport and
Resolutions offered by the Select Committee,
which being put by the Chair, the Report and
Resolutions of the Committee, with that ad
ded by Mr. Jones, were adopted.
Joseph Cununing, Esq., then offered his
resolution, which was adopted.
Mr. C. J. Jenkins, in behalf of the Augusta
Delegation, offered the following resolution :
Resolved, I hat as an introduction to a
direct importing system at the South, it ia
indispensably necessary that the crop of the
present year should be directly exported by
Southern Merchants and Planters, and to
effect this object the Southern Ranking In
stitutions should lend such aid &s they safely
and conveniently can. Adopted.
On motion of Mr. Cuthbert, of Georgia,
tho Convention then adjourned sine die.
Committee appointed under 3d Resolution :
For South Carolina.. ALEXANDER BLACK,
Committee to prepare tho Address:
From the Richmond Emjuirrr, 24th Oct.
1816?1837. * ?? ?
In 1815, 16, the banks were laboring under ? suspen
sion of specio payments, as they are now?but at that
period, they abused their situation ; went for great pro
fits, and deluged the country with their paper. Indeed,
it was not until the public indignation had risen to a
height which could not be resisted, and the State Le
gislatures had taken up the aubject with a high hand,
and fixed a day, beyond which they could not be indulg
ed?and Congress, too, had passed its resolution of
'16, for designating the 20th February, 1817, ?? the
day beyond which ihey would not receive their notes
for the public dues, that the banks were compelled to
take in sail, and prepare for the fulfilment of their char
tered engagements. No such complaints, however, are
fairly made against the banks at the present time. They
have been curtailing their circulation, not expanding
their discounts?and seriously preparing for a resump
tion of specie payment. See, however, how very dif
ferent is the course, which the Government pursued at
that time and at this.
1. Congress passed a resolution, to receive their
notes till thc20i(i February, 1817?No auch indulgence
is extended to them at this time.
2. In February. 1815, a resolution was brought into
the H. of It. by Mr. Shepherd of New York, "That a
committee be appointed to inquire into the expediency
of providing for the making a reasonable compensation
to the members of both houses of Congress, for their
travel to, from, and attendance thereof, respectively,
and report by bill of otherwise, and that the committee
embrace in such inquiry, the present session."?[Mr.
Shepherd alledged, in explanation of his resolution, that
the money in which they receivod their cotjipenaation
had greatly dopreciated ] What became of the propo
sition ! It was immediately rejected, by a vote of 99
to 8?and Mr. Hall of Ga. jocularly remarked, that if tho
bank notes had depreciated, so also had their own ser
vices.?But now, it is said, some of the members first
receive specie, and then sell it at a premium.
3. Mr." Secretary Dallas, in his annual report to Con
gress of the 3d December, 1816, expressed himself thua:
" The successive attempts made by this department
to relieve the administration *f the finances from its
embarrassments, have been ineffectual. There was no
magic in a mere Treasury instruction ta the collectors
of the revenue, which could by its virtue, charm gold
and silver into circulation. The people individually, did
not possess a metallic medium, and could not be ex
pected to procure it throughout the country, as well as
in cities, by any exertion unaided by the banks. And
the banks, too timid or too interested, declined everv
overture to a co-operation for reinstating the lawful
currency. In this state of things, the Treasury, nay,
the legislature, remained passive. Tho power of co
ercing the banks was limited to the rejection of their
notes in the payment of dues and taxes, and to the
exclusion of their agency ill the custody and distribu
tion of the revenue; but tlw exercise of that power
could not peiierate a en in currency, although it would
certainly act oppressively upon the people, and put at
hazard every sum of money which was due to the Go
vernment. Until, therefore, a substitute wai proposed
for the paper of the Bank, it would have been a measure
of impolitic and useless severity towards the community
to insist, that nil contributions to the ex|<enaea of the
Governments should be paid in a medium which, it is
repeated, the community did not possess and mnd comld
not procure."
But now, the cry is?away with Bank notes, and
- give us specie?As Mr. Dallas called it in 1816, we
inust insist upon this " measure of impolitic and useless
severity towards the community."
In February, 1817, tho State Banks did resume specie
payments?With soino indulgence at thia time, they
will soon do so again.
From thr AVu> York Times.
The great falliifg-ofl" in the advertising business
of our establishment can be seen from the fact that
our charges for the quarter ending on the 1st July
last, was $8,116 3*2?and those for the quarter ending
on the 1st inst. but 93,!123 22. The Dusiness since
that time has not improved, and there is no prospect
of its doing so for some time to come. The ex
penses of our establishment, including the News
schooner, is nearly $10,000 a year, to meet which
the advertisements form our principal resourse.
Our Daily subscription list has held its ground,
having diminished but 10 since the 1st July?and our
country list has increased. The profit on the sub
scriptions, however, is very small.
'Hie capital invested on starting the paper in 1H34
was ft 13,(KM), added to which the office owes some
thin? like 91,000, making in all 914,000. A sum
ab jtit equal to this is due to the establishment, and
we hope, with the materials on hand, that we shall
be enabled to save the capital originally embarked.
Any persons to whom the office.is indebted will
please present their bills for payment; and the usual
tiromnt settlement is respectfully requested from our
Omtcary.?Among tlie foreign death* noticed in yes
terday's Commercial was that of a very distinguished lite
rary character?Sir Keerton Brydgea. Descended from a
long line of illustrious ancestors, of a kind and generous
heart,of mild and unassuininii manners, all hough somewhat
eccentric in many of hi* opiniens, and endowed with extra
ordinary talent* and brilliant gemua, he has long occupied
a pionuneiit station among the writer* of Knulahd, and his
loss will unquestionably be much regretted by all who
enjoyed the charm* of his society. The catalogue of hia
works is long, and although not well adapted for populari-'
ty, they are much esteemed by scholars. His autobiogra
phy, published three or four years since, is a remarkable
production, containing a vast ?mount of erudite and some
what curious criticism. Sir Kgerton claimed a British
peerage, and, although his claim was not established, he
always advanced it a* an appendage to his signature,
thus : " Kgerton Brydges per legem terrae Bsr>n Chan*
dos of Sudely." Ilia literary |ier<br?Mnecs embraced al
most evcrv form sml mode of composition, not excepting
poetry. He was the author, among many metrical effu
aiona, of one of the most perfect sonnets in the English lan
We obaerve, also, in the F.ngliah papers, a notice of
the death of Kn.cv, author of a w?wk which waa very
popular in ita dav, called "The Itinerant, or Memoirs of
an Actor"?published some 15 year* ago, or thereabout
He was 82 year* of age ?.V Y. Com. Adv.

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