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FRIDAY, JUNE !I3. 113T. The Urtal Work bfj;un--KMUm jrtio n of gpecle P*ywenti?A new SpMl* Circular -?The Better Currency* The world is inundated with the speculations of public men on the best method oi resuming specie payments and restoring a sound currency. Mr. Van Baren has issued circulars and proclamations Mr. Middle letters to J. Adams? Condy Raguet com muuications to the newspapers Col. Benton letters to a friend? Senator Tallmadge epistles te the Argus, and Gen. Hamilton, of South Carolina, a long ama teur message to the next Congrcse. These men are all talk and theory? not practice or philosophy. 1 will myself have to take the matter in hand, and lead the way to a new method of a resump tion of specie payments and a restoration of a uniform currency. I have deeply studied the subject and come to the point at once, on the real Baconian sys tem of induction and fact. Up to this day I have been receiving paper money on a par with legal coin in payments at my office.? Vet the variation now between the paper and the me talic currencies is equal to 12 per cent, paper money be ing at that discount as compared with specie or coin. From this confusion of the two currencies arise all the practical difficulties in making and finding change, and in conducting the daily transactions in town or country. Paper money is worth something. It is the representative of property, recoverable by law. It is not the representative of coin payable on demand. Therefore it passes at a certain discount from coin. ? Now the great evil of any currency is a want of uni formity, causing a vibration and alternation in prices, and sometimes effacing, by its mutability, all the true notions of value. To transact business correctly we must have some standard of value. The mint half dollar, dollar, half eagle and eagle, are American standards. There is no necessity, therefore, to de part from this rule, and the sooner we understand our position and return to it the better. An example in practice of these principles will bet ter illustrate their operation. Hereafter I shall rsceive the usual current paper money in payments made at my oflice, only at its va lue in coin as indicated in the rates given by the bul lion brokers in Wall street. New Vork city bills will be received tomorrow at 88 cents per dollar ? New England bills 66 cents per dollar? Safety Fund bills 86 cents per dollar? and United States Bank bills at 85 cents per dollar, Mr. Biddlc's bank being in a bad condition. 1 hese rates were their exact value yester day in Wall street. They are worth no more in coin, and I shall not receive them for more in any pay ments to be made to me. When the price of paper rises, I will give more ? when it falls, less. All news carriers, news boys, subscribers, adverti sers. will therefore please to consider the current rates of paper money in Wall street, the terms and condi tions on which business is hereafter to be transacted at Bennett's Great Newspaper Establishment. Now for the philosophy ef the thing. We give the public a germ for the resumption of specie payments, and a mode for preserving the legal standard of value applicable to ill alike. Bank notes have depreciated? but they still have their value. Why should they pass nominally for more than that value? By pay ing and receiving them at the current coin rates as in dicated by the bullion brokers of Wall street, we hare mt once a paper currency redeemable in specie on de mand, and suffi/nently stable to an?xecr all the purjto set of trade till the banks, if they eter can, be able to resume paying specie at their own counters. I re ceive a five dollar note at $4 40 legal standard, being at 12 per cent discount -or $4 50, if it be at 10 per -?ent. In a Wall street bullion office I can convert this note into coin at once for the amount at which 1 >vtook it. By this plan it will be perceived we have a paper currency redeemable in specie, and thus show ing that all the hankers, politicians, and financiers, are ignorant of their position. By this means all the evils which are caused by an irredeemable paper cur rency, in altering the standard of value, or producing fluctuations in price, may be obviated. Prom their writings and conduct, tt really appears that neither President Van Buren nor President Bid die know the philosophy of currency, exchange, or paper money. When the President issued his orders to receive nothins but specie at the custom heuse, he showed his utter ignorance of the subject. He ought to have embraced, in that order, a permission to the collectors to receive all the notes of the city banks, at their current metallic value in Wall street. This would at oact! have given them a currency and a vnluo, and perhaps prevented, in part, the great depreciation which has taken place. In other and higher points of view, the course which I have adopted in the management of my own busi ness, is founded on the strictest principles of science and sound political economy. It is utterly impossible in the present state of the world, to conduct business en a metallic currency alone. Coin can ?nly form a small portion of the great agent of commerce. We must have paper cre dit ? bills of exchange, and bank notes of some kind. It is a matter of little importance whether paper mo ney be issued by corpora ions or individuals; and what is still more, it is not, perhaps, matter of much consequence whether it is redeemable in coin for a long time, or perchance ever at all. If th? ultimate basn of a paper currency is good property, and tangi ble, that is quite sufficient for all present practical purposes. In consequence, however, of not being re deemable in specie, on demand, bank lulls fall below their nominal value. But this deprecistion does not unfit the paper for circulation, provided they are cur rent only at the rates for which they will command the specie at the bullion offices. By taking and re ceiving bank notes at their current specie value, which may be 10 to IS per cent discount from their nominal value, we only place them on the snmc foot ing on which bills of exchange and promissory notes always have been. In every part of the commercial world, a bill of exchange passes from hand to hand at its current value, according to the legal standard of the country. What are our bank notes now, but so many domestic bills of exchange, circulating in Wal| street at their current values ? The proposition, therefore, which 1 make, and which I mean to carry into effect in my own busi ness, is peculiarly adapted to the present state of the country and its currency. By this mode, whatever our currency may be, we ahall yet preserve the legal standard of value. 1 d? not believe it la possible for the 600 state basks, United States Bank included, to return to specie payments in ten yeart, if they can do so at all. I do not believe it possible for congress or the state legislatures to regulate the currency in any other way, than to throw the whole banking business open, and to let it regulate itself. 1 am a practical msn snd a philosopher, only sinning per haps in loving the ladies too much. I despise all mere talk? all Inng winded messsgea. I go for action at once. If all persons m business will pay and re ceive all bank notee for tkeir current value in com, it will at once produce tranquillity and repose in the money market permit the good banks to expand iheu issues- and enable us to distinguish ftnd discrf. dit the bad ones. The aggregate currency is estimated at $120,600,000. At an average depreciation of 15 per cent, we have that amount reduced to 8102,000,000, valued in gold and silver. The difference, 818,000,080, is a dead loaa on the whole country, produced by bank mismanagement, and to which we must sub mit with as calm a temper as possible. Yet in con sequence of the contraction of trade, caused by the revulsion, this amount of currency is quite sufficient for all the commercial wants of the nation. To conclude, by this mode the difficulty ol making change in our markets and stores, in the retail busi ness, is at once obviated. If yon offer a 85 note, at its current value in Wall street, say 84.50, in pay ment for an article of a dollar's worth, the seller will not refuse you specie in change, because they know the note at 84.50 will conimnnd what it is taken for in silver coin. Bennett's Bettkh Currencv. ? The "better cur rency," long and so properly referred to by Gene ral Jackson, will soon make its appearance. The notes will be something in this form : ? 0999CC0909C9C999CC99909990000 o Bennett's Better Currency* JJ o OME DOLLAR, ? o REDEEMABLE IN SPECIE ON DEMAND. ? o o o James Gordon Bennett, o ?> o 9009999C090C9999099990999999 Of this currency 1 shall issue an amount just ne cessary to transact my own business, and no more. The time is coming when every man will be his own banker, and his own " currency tinker." We have been too long deceived by great financiers, politicians and other vagrants in the road to fame. The true banking system is just beginning to be understood. The great secret is never to issue more paper tnan you can redeem in specie on demand. This feature, which I know how to commuicate, will make "Ben nett's Belter Currency" the true paper money. Incident of tub Times.? Not long since a distin guished merchant, who was recently prostrated in the ''experiment" hurricane, advertised a splendid private carriage and pair of elegant horses for sale. He lived in one of the new palaces, in a square, up town. One day a footman in livery, looking gay and lively, knock ed at the gentleman's door. The servant opened the door. "I have a message for Mr. D.," said the foo'man in livery, outside. " I will mention it to my master," said the gentle man's gentleman. In a few moments the gentleman himself came to the door. " What do you want, my man?" asked the gentle man to the footman. " My master desired me to present his compliments to you and to ask the price of ihe carriage and horses you have advertised for sale?" " Who is your master, my man ?" " Mr. Cambreleng, sir, desired me to present his compliments, and ask the price." 'What Cambreleng ?" asked the gentleman, the lightning just beginning to flash. " Churchill C ?" "Yes, sir." The gentleman thrust both his hands into the bottom ol Ins pockets ? "Go back, my man, tell your masierl shall neverpermit him, if I can,toridebeliind my horses or in my carriage. If he ever does so, he must buy them at second hand. Tell him that never with my consent shall such a * ? ? Here the footman went off; nud left the gentleman storming at the door. In a second he shut it, and re treated to his parlor, his countenance covered with indignation and his eyes flashing fire. "What is the matter, dear pa?" asked a beautiful daughter, throwing her arm# around his neck. He sat down on the sofa. "To see such a beggarly fellow, who a few years ago had to go to Tammany Hall and get him a shirt by bartering himself away to (he demon of politics ? to see such a fellow bringing ruin on industrious men by his politics, and now have such impudence, is un bearable. " Bo, dear pa, tell mc what is the matter ?" " Is it not enough," said he, " to make men do deeds of unkindness. Beggarly fellows ruining commerce and the country, and then availing themselves of tkese very misfortunes to set up establishments and make a dash through Broadway." " D#nt be angry, dear, dear pa. I know what loses we have all sustained. Dont be unhappy. I will part with all my fine things, the horses, carriage and nil, so that w e may be able to meet misfortune with cour age." Mr. I), could not long resist tin ^woet soothing tones nf a charming, sensible and intelligent daughter. One thing is settled? Mr. C. will not drive into Washington with Mr. D.'s splendid carriage and horses during the next session of Congress. That feat is postponed for the present on account of tin weather. Hereafter Mr. C. will take care to whom h< sends his compliments again. Churchill had bet ter send them to the locofocos. The Talmaih.es. -The letter of Mr. Senator Tal ina'lgf hnx created a gri at sensation. We have now in the Unit.-d Slates and State senates, each a Tab mailge. Formerly (! neral James Talmadge, the head of the faintly, was lieutenant governor. The Talmadge family is beginning, after a long re tirement, to renew their former celebrity of character and intellectual influence in ihe afluirsof their native state. The terrible tyranny of the " party" which has ruled New York for ten yeara, has destroyed every thing lik> talent, independence, or philosophy ' in public inm. For that period we have lived in the calm of despotism. Mind, genius, intellect, refine ment, and all the higher orders of civilized beings, have been proscribed by a aet of vulgar loafers and ?peculators, without principle, mind, or edncation. I.ook at V?n Buren? look at <Marcy? look at Cros well ? look at Beardsley? what are they 1 Either conceited dandies, or ignorant, half educated specu lators. mending their breeches, at flfty cents a pair, or intent only on gain and the " spoils." The revulsion in the currency, and the explosion of the safety fund system, will prostrate these men in the dust in less than a year. Wc must have a change in this state, and a successor to governor Marcy that will give honor and eclat to the great state. Who can better do that than Qrwcral James Talmadge, a gentleman, a patriot, a statesman not unknown to I the councils of the slate, and in possession of talents, rsputahon and genias of the highest order ? To him is the state already indebted for the high standing of hia more youthful relatives, the ons in the state senate, the other in the United States' senate. We therefore put in nomination General James Talmadge, for the next governor of New York. Who says nay ? Mad Doc.? A dog said to be mad was killed this morning in Chatham street He was first observed in the Park opposite the post oftce, howling in a very singular manner. Aa his nose was towards the City Hall, some pretended he was only expressing his in dignation at the "dog law." He had better have been mum upon the subject. It coat the poor cui hit life. A not Ike r Wedding-- Yet Another. Since the suspension of specie payments, more young gentlemen and ladies have fallen in love ? more marriages have been contracted? mere hands and hearts pledged to holy wedlock? more parsons get fees? more wedding cake made, than for the same space of time, previously, within the memory of the oldest inhabitant. On Wednesday evening a beautiful matrimonial af fair came oH' in Houston street. The parlor, that held the little happy party, was fitted >.p as gracefully as Hymen and Cupid together could have arranged it, had they been both bred upholsterers. The lights were brilliant, the dresses splendid, the cake and wine delieious ? and all present were as full of happiness as love? expectation? prospective bliss? friendship, and mutual kind wishes could make them. The young and blushing bride, sat in all the purity and lovelinessof innocence and white satin ? a wreath of white roses encircling her lovely head, where the little loves were nestling and playing at bo peep. The two beautiful bride's maids were dressed in pink satin? how tasty and elegant!? and looked like the smiling pictures of youth and loveliness. Mr. G., the young bridegroom, sat in full dress? a gentleman's full dress is so little varied that it is hard ly worth describing ? looking triumphantly happy ? his lofty forthcad showed a mind that could appre ciate his happy lot, aad his beaming eye, and the smile that sat on his lip seemed to say ? "I am the happy man that has woeed and won, and have borne off the precious prize from a host of contending rivals." Rarely has a more brilliant party been assembled even at a wedding than was seen on this joyous occasion. There was the beautiful Miss C. who has more ad mirers than she can count on her fingers ? the fingers they all swear were stolen from the Medician Venns. She was dressed with singular taste and neatness, just enough and just little enough of decorations. Then there was Miss K. another favorite belle ? with an eye that would warm a cynic into passion ? Miss M. whose form one imagines was conferred upon a being of the earth by some odd mistake which deprived paradise of one of its prettiest angels? and Miss R a belle, in whose enchantment more than one proud heart has flattered? but we cannot enumerate. The gentlemen were gallant, spirited, and attentive. They all read the Herald and Chronicle ? and conse quently have imbibed sentiments of gallantry and de votion to the sex, which make their company pecu liarly pleasing to the fa:r. The affair passed off plea santly? our package of cake came to hand? neatly enclosed in gilt edged paper ? tied round with a deli cate while ribbon? with a sweet rose, emblematic of love, Hymen and happiness. Ave Maria ! Oh, my bird* Ave Maria ! Oh ! my bird ! my sweet, sweet bird.? Old J/ymn. 31b. Bennett Your sympathy for the fair sex, generally, has led me to trouble you at this time, with the sad tale of my misfortune in having stolen, from beneath my chamber window, one night last week, a sweet little songster, called an English ground lark. ? I am almost in despair from the loss of my dear bird. Cannot you devise some means to recover it? Oh.' Mr. B.. could you have heard its beautiful warbling?, through the long sunny days, to cheer and reenliven the hours of my solitude? could you have seen its anx ious fluttering* to welcome my approach ? its ex pressive eyes flash with delight, when I fed it from my hand? you, who posaess so much kindness of heart and admiration for the ladies, would, I know, do all in your power to recover my darling, and thereby soothe the feelings of atflicted, Marv. Answer.? In one of the beautiful poetic legends of the CathoJic Church, called the " Lives of the Saints." I remember reading in my youth, a curious story of & lost bird. A beautiful female saint, with eyes as bril liant as Mary's, and cheek as soft, and heart as warm, and intellect as high and pure, had a little bird that she loved as dearly as Mary loved hers. A hawk one day pursued it into herbosoin; the sweet saint be came very much attached to it, caressed it, and made it her sole delight. After a time, the bird flew away one day, and left the holy saint inconsolable. For several days and nights she would take no comfort. At last, on the evening of the Vespers of the Holy Virgin, as she was kneeling at the altar, she saw her Ioqjz lost bird descend from the lefty gothic window, over the crucifix, and warble as it was wont in former days. Saint Margaret (for that was her name), clasped her hands in ecstacy. As the bird descended to the altar it gradually lost its form, and assumed the shape of a beautiful youth, with rosy wings at his back, and a face radiant with smiles and love. " Weep not Mar garet, " said the youth, "1 am thy guardian angel. 1 took the shape of a little bird, in order to teach you love, humility, piety, and how to bear affliction. I am still near thoe -still thine forever." The pars spirit kissed the tears from Margaret's soft check? and jrrudually vanished as she poured forth her pray ers before the crucifix. Ave Marin ! Oh. my bird ! A vi Maria ' Oh ! my bird ! my ?weet, ?w?-et bird. Is Mary sure that her sweet little bird, advertised in another column, is not her guardian spirit 1 Does not the beautiful being still float around her in love and in ! delight, at preserving such a precious charge from harm ? If ao she will never recover it? but the im pressions left en her heart will be more valuable than a thousand birds or ten thousand warblings. A Hasi.ship ? The case of Robert Austin rs. Tho mas Seaman was postponed yesterday, although the former was ready for trial. It appears that a ymng lady it indisposed whose evidence was wanting, al though she knew Nothing of the exact matter in issue. Mr. Austin keeps a " Indies' Shoe Shop" at 305 Broadway, and was very desiroua to clear up Ins cha rarter, and to show that his treatment to lady cus tomers is delic,?tr, gentlemanly, and proper not what some of the papers have represented it to be. We have no doubt it isao. We keeps a very eleirant assortment of shoes fit for the prettiest female feet that any poet ever described in vcrae, or any editor ever paragraph ed in liwly prose. A lady told us the other day that his shoes always made her foot look mere delicate snd pretty than that of any other* in Broadway.? "Kcce signum," said the blushing beanty, showing one of the divinest shaped feet that ever a saint loat hia salvation for. Anothtr Rkoatt*.? On the Z7th inat., we are to have a splendid affair at Newburgh. We were mis taken in saying that Captain Robinson la the presi dent of a boat club. He la vice-president of the New bnrgh Amateur Aaaociation, far the encouragement of harmless athletic apo ta. Captain Charlea Ludlow, late of the U. 8. Navy, is president. It waa thia spirited society that gave fifty dollars to the first steamboat that arrived at Newburgh laat spring? the Carohne. Newburgh has aome of the fineat sceaeryinthe world ; and a correspondent writes ua that there will be not less than two thouaand beautiful ladieato wit ness this regatta. We are premiaed the names of the boats which will jot? the racee. The elite of the Castle Garden Aaaociation are expected to run. Prtaea ?three beautifully worked fiaga, the prettieat that can be. The convivial supper in tha evening, pronuaea to be ? rich, taaty, and elegant affair South Ambbica.? The ship Leomdaa, from Buenoa Ay rue, brought advices from various parts of South America. Hostilities between Peru and Chili had not been re sumed, yet there was ? prospect they would be, at an early day. The South American Republics are likely to be al together by the ears. Santa Cruz still adhered to his project of incorpo rating the republics of Peru and Bolivia into one body politic, and constituting himself ruler thereof, under the title of protector; and Chili was still determined to oppose him, seeking for that purpose the aid of the Argentine Republic, and that of fcl Ecuador. The Chilian squadron of ten vessels was stationed as fol lows: Orbegoso brig and Montcagudo frigate watching Peru; Congress brig, in Guvaquil river; Valparaiso corvette and Aquitcs brig oft" Callao, (the . \apoleon transport had gone to the latter with provisions); Santa Cruz corvette gone to Chileo, to bring men for the Chili squadron; Arequipena brig, at Inter media?, to intercept Peruvian vessels; Libertad cor vette, fitting out at Valparaiso to go with the expe dition; Peruviana Coiocole, waiting orders at Val paraiso. We also learn that an expedition against Peru was in preparation at Valparaiso. Santa Cruz levied a contribution of 9100,000 on the inhabitants of Lima. The Chilian Congress had terminated its session, having granted to the president extraordinary powers during tne continuance of the war with Santa Cruz, who was anxious for peace, but would not give up his protectorate, and had proposed to refer the ques tion between himself and Chili to the charges d' af faires of France and the United States, and the Bri tish consul at Lima, or to either of their governments, which Chili refused. There were many in Peru, who only waited an opportunity to declare and exert them selves against Santa Cruz. The insurgents were gaining ground in Rio Grande, Brazil. Bento Manuel is saitl to have joined their ranks, and it is repotted that one of the Imperialist generals has been defeated by the enemy. The pro bability is that Rio Grande will be severed from the crown of Brazil. Senor Marquez, President of New Granada in his inaugural address says he wll maintain all sorts of freedom, of the press, of religion, and in short every of every thing--that he will enforce the laws, and obey them himself with the most perfect obedience ? and in short that he will be one of the best presi dents that the world ever saw. One thing Senor Marquez declares most unequivocally ? that New Grenada's share of the debt originally contracted by the Colombian Republic, before its diviaien, shall be paid to the uttermost farthing; which will be good sews m London. In Chili, flour is at an exorbitant price, in co?se quence of the war with Peru. Texas. ? A letter from Houston, in Texas, tells the following story " The present advance of Texas is unequalled y any previous history of the world. In the town of Houston, now four months old, we have a population of two thousand inhabitants, with about 400 respecta ble strangers from the southern part of the u?'ed Slates, principally land speculators, as they are called. Lands are rapidly advancing. Lots in Houston have been sold at $6000, which were considered high three months ago at $400 Southern energy and enter prite are laying the foundation of some of the larg est fortunes ever realized by any people, while you Northern cold calculators are contented to make a hard-earned living by picayunes. On a moderate assortment of goods received here in March by from New Orleans, 75 per cent net profit was realized by tke parties, who received thecal for their goods." The above extract is dated Houston (Texas) May '26th, 1837. By this i* would appear that speculation has left this country, and gone to Texas to pick up a liming like any other loafer. Fibb? The fire last evening was at No. 4 Doyer st. near the Bowery. It burned Mr. Oakley's turn ing shop with the premises over it where it commen ced. Another wooden building was also destroyed. The engines were promptly on the spot and by the exertions of the firemen, the conflagation was soon put an end to. Leach and Johnson versus J. J ? Hamilton.? This trial commenced late in the afternoon yesterday in the Superior Court. A good deal of interest s?ems to be takenin it. If sufficiently advanced we shall publish it in the Evening Chronicle of today? if not in tomorrows Herald rVThe Shakspeare Party's Ball, which was to have tsken place on Wednesday, will come ott tonight if the weather continues pleasant? otherwise on Tues day. We shall start our steamboat from Msrket street wharf at 6 o'clock, and from Canal 6treet at half past 6. We shall have a fine time of it. By Kxpr*"* Mall> New Orleans, Jnne 15.-Monev MA*KET.-Th<: money market has, for several days, become much easier The incrrased issues of our banks have tend ?d much to the relief of the pressure, and men feel more at ease. It is generally understood that all the bills drawn for cotton shipments will bo re unned, and the minds of the drawers being made up to the event, the parties have been able more calruly to prepar for it. Much tune must naturally be occu pied in winding up such vast concerns as thoseof our merchants who were swept away by the storm. But we believe that some of those who were first oyer whelmed, will be first to extricate themselves.- / rue Ameritan. Mosile, June l?.-FLO?iDA.-The Indiana under Otceola and Micsnopy, who were reported by Gen. Jesup to hsve ' come in," laid down their arms and siven up all furtherhost.lit.es, sre now reported, by !L latest and most anthentic accounts, to have risen again, uttered the savage war whoop, and left the ( icneral to fight their battles over again. It is a sad business and does notaccord with the correspondence, published in our Isst, between Gov. Clsy and Gi n. Jesup .? Mer. Adt. Four of the city bsnks of Augusta, (*a., have re vived to discount for the benefit of the citi7e_ns - These banks possess in a high degree the confidence of the cit.vni.? Bxmmintr. Mr. Thomss W. House, late of Boston, was shot down a lew days since in Celumbia, Oa. by a young man named Ridgway. The quarrel wa" . J1'' House died the following evening, and his assassin is in jail.? lb. Vice Pres dent Lamar, of Texas, is now at Colum bus. <la., estine dinners and rejoicing with his ol<i friends snd a?sociates. Ih. 1 Ni'i a n Hostilities. It is rumored that For t Armstrong had been attacked, and that the fight con tinned two hous. On Jesup is said to be at F ort King We five (he above as reports merely |lhe i iwni.es of correct information seem to be closed to us, and we can give but the reports of the clsy. Msjor Gates arnveda few days since ? 'his in y. He has been as,.gned to the command of the post at ?ThJ pit af*N?w Smyrna has been absndoned by ? ' Th e? s t ea m bonl ' C ; h s r i es t o n arrived yestcrdsy from Black Creek, with about 35 sirk soldiers. (Jen Jesup s plan now is, it is Hated, to employ a wlkLr ofCboc ts w s . The Creeks have hern found to bo inefficient. They are connected with the Se m.noles by the ties of conaanguinity, and speak the language; they have found friend, and rela tions among them, and it is not to be expected that they will be as efficient as wts at first anticipated. The Choctaws make it thnr boasl ihat tliey have never yet shed the blood of a white man, and th^y nre represented as being a warlike tribe It i >? ? feeling of i-aWy e?.stsamong them 'hatthet^e* were employed in pn fer enre They spesk ? language, and are in no way connectfd with tne rainoles - SawnrwA O'ter^ian, June 17, Anothkb Slav* case.? A negro boy, about 17 years old, was arrested yesterday, charged with being a runaway slave from Alabama. The case will be broaght before the Recorder at 11 o'clock today. Superior Court, June 22 ? Before Judge Jones. ? Warren tersus St. John. This action was to reco ver the value of certain promissory notes, amounting to 8716, discounted by the plaintiff. The defence set tip was, that a usurious interest had been taken. The jury found a verdict for the plaintiff. Common Plea*, June 22? Before Judge Ulshoefier. Stephen R. Weeks versus Andrew Luke. This was an action on replevin. The goods of the plamtifl had been distrained upon, and were about to be sold, but upon a writ of replevin being setved, the sale wud abandoned, and the goods remained in tha plaintiffs possession. The jury were charged, there fore, to find merely for the illegal distraint, which they did, giving a verdict of six qpnts damages and cost for the plaintiff. The goods illegally seized, being nominally valued at $100. Uppkr Police, June 22 ? Before Mr. Justice Palm er. ? <S'au?age Meat. ? A maiket loafer named Jesse Thompson, was arrested by the watch, charged with breaking into a stall in Essex Market, and stealing therefrom a quantity of sausages. Jesse, in his de fence said "the sassengers was brought to me by my dog; I did'nt steal none on 'em. The magis trate did net credit this account, and sent Jesse to brideweli. Police, June 22. ? Recovery of property.? Smith and Tompkins recovered yesterday a large amount of stolen property, consisting chiefly of silver and sil ver articles. These officers deserve great credit for the skill they have displayed in this affair. The pro perty has been found to belong chiefly to Mr. Penm man, of Market street, and to Mr. Bull, corner Henry and Rutgers streets. A quantity of spoons were als? recovered belonging to a person in Cherry street. n ? * K Y H A It K K T. Continued inaction i* the general^hlra^Jr ofT* .took markets. U^Z^T^Z ^ The S)mi,ar-but ?*???* Mocks nre flaU,^ sured by le^ Iuniar8'^ ?f Pai)"r iw *>? <*'eet, mea "? ?? ?y iesai standard coin, are a* follow,: a;; vSg,'^.fr,y ^ s^r.*^ issassar ses' T ? > ? robabjy thi. arises from th<demand slackenine far *d? packed' 'a? '^7 r'8Ce lhe Saili"* of th* forei? J. . ' ^ ' ,lealofcon?u?ion pervades the public mind m con^quence ofcon.idering the paper dollar, and noTie dollar in i om, the standard in value. All the difficulty in ma tracVaS1 fro ?V" "'ark"t?'lnd a" the ?"'?on in con irnct*,aru?e from this circumstance. a/len^T^ ^ ?' ?Ur ,WVe ?Plai??l this point at length and suggested the only practicable remedy-which -- a return to th. legal Man.lard of value, and the gMng 7o ? K2X2* won" ?r u *">? ?*? '??? IMhi* eoi?, "' JU,ly' ,he nPW U,Ury Uw into operation.? no ZT '7 ?'Wn ,ll<' Pnf>pr "n<1 ",,;tallic "'aiidard be not understood and rectified before that time, that law will cause great irregularity and vitiate many contract*. Let u? g *" example:? A man buy* a note for aeven percent interest ni thati nn,e ,i,e inu'r,''s,' a,,,i t,,e disc?um **? tween paper money and specie, he will he in fact, recievine IS percent per annum, for the loan of hi* capital advanced \1I ST Z"/"", """? "" .>?" "Son ? ti 'T ,P|, valent,tl,. r.-i* no order or regularity in it* ac tion. The government, ihe bank*, and the community are : : : -? s-s id the mint the commercial rtandard, and take or pa* pai-er money at its current rates. P X Jr^t'rSr ? "'^y ? ? iu*!i!7,Zd7 ?*' rer<''Vt',, by U,e Cusl'"n H?w. direct to pay tJi.Tl utie'-T t! ,e Wdli tKmW' pai(l f"r' ?r' >r "?1' 4oW ,sh y ' a" Mr, el print*, particularly the fool hLxpr^, wants to raise a clamor on t? point How l he government act contrary to law f There is the statue *nrf ?* ? ^.1? "?' T: " "" "?? i"w?? ?p. ar<* yearly <**?*???* ^ predioainenL T1 i ""'tniwioners is in a sinpuJa* , ,jraI. . ... " " rr"w'*r* only rvcetve l??r tb*nr ??-?ntie? a dralt on the Treasury ?i the Sutr-a new spt-oles of paper Z!ZT " r ?wrowera have will " "" *"te Tr?>ur*r. to the banks ia Wall .tree,. 1 he.,, hank* invariaWy refu?- then, at any rate. Ii appear* ,h.t thi* great loan wdl turn out to be a mi*er?We bubble, and wor*ethaa noUiing. Tlieholder* of *uch drafts w If M- cjmip. He4 to go to Albany and there take Safety ^ ?t 14 per cent discount from the legal ??n danl of value. We romn,r?n t V7' ,,"U ^ U,rrow'? demand* on U.e Comptroller lor specie in payment of these draft*. Thi* the Comptroller ha? been unable to comply wHh.umUka procure it "m th'* ,,a"k'. On the otln-r hand the ?Jepo.,u baiJm r? > um* to pay the .urplu* in the, r cu?tody in.pecw, and thu* the loan ..lone or two million* oUurplu* revenuv will tum.ut to be the greatest farce m the ? orld. Tl^ draUion tlx. state Trea sury are already at a discount of 15 ,*.r cent, and ere the next distribution take* place m July, we *houl<< not l>e surprised to ?ee them s,.|i,np ? IO M discount. Now all this confusion arise* from eon.idering paper nmrny, wb oh i* nominally expressed in dollars, to be equal to com. Tin* never can Ik- the case, ami never was the r?*e. Even be lleve "iheT "'J0" ,TX>r r',ynMn,,N "" man be t -ved the bank, could re,leeW tkelr p^.i,, , i? oola Tke tde. however, ntertained till h practically t.,,ed', and found to be ? scientific lie. Pap,r mon. y I, nothing wa? I'M ling, will be nothing, but the reprenentative of property hke any other bdl of ex, ban, e, recoverable by proce' Tiaw. Sis. "* " " "r * long letter addres*e,| by General Hamilton of Month Caro U^e^l ' hV aUr"r,etl " f"0*' ,,r" ^ ^"tion. Oe'H-ra! 11. has correctly attributed the evils under which the country i* suffering lo overtrading ?,*! ov, . l,ank,np-,0 the out- protracted ho.tihty 0f ihe (Hrvemment ami the United ? tales Bank, lie props.se., n( reMonng specie pay nienu, a Bank Convention in Philadelphia m Aagu*t, and the makinif !he present United Mtatea Bank the " rally .^r P<.mf? for the resumption, tie^ral Hamilton-, letter i, beautilul u? theory? deficient in fact. The bank, an- .very dav E,lt,iir further from a restoration of .pecie payment-, and we are not - Mhout hope* that busin. .. will revive ere long, on a new and ^iTerent setof principle., jn Uw currency. ,|IM ,ny we hav^ been habituated to revere. In thi* city rhere are r, nn. ol bu*in#-%< yn Mirrinfr. "KNKRAL market*. Nr.w VoaK, June Z2, P VI _ Himn.. . i? i , t . . Business tolay in way of nubhc ,7 ?? ' "It , "m,,brr improvement in ? our of full 25 e , .ale* were made ?f w e.,. rn |ia? . |,0 75, New V rk ,".pected a, ??0 a ?,0.A amJ ^ M fpf unm,pw,. lfl ' , arr vrrr a' lit. We remark anotlter operation ol Mi 7rH ;0aJ " ^ Whkh - ? fair price. Auc ion Sales? 101 bnr*wbe? at$|^B $M7j; ^ ^ at t < O. rye at s, i c.; ,to a,Ty ^ ^ - "Jdd, 71 large do. ^ IMsli!!!? H( **' S,7~ -""Mard at M. ? <?. WO lialfboxe* at m , K frrm> r,,?. ?h> I h! ( <B(j ras.ia advartised fiy Vi|V "* ""^,r,anAt C'o.,iook place ihi*day,and went nit Z rb ,,y'om mt 42 * W7 r-' 47 >mjf rh",? ?to. at M a 71c.; ? 25|h. hoxe. do. at 97ic. ?? W IU lioxe* do. at i It'"0 '3,h' 'l0- *' 41 " 14 C,M"' 4'?rh * boxes, oC i/ jik. each do. at 17 a IftOc.; ? 121b. Iwxe* do. at ?Jc.; 10 61b. ?>xe?do. at 4lc.| 132 che.U young hyson al 3* a <lc.; 214 I ' heatt do al * jjc%. ]X2 half cheats do. at 26 a ?lc.; JO 26U>. boxes do. at fi.le.; jao |3lb. boxes do. al 4t?c.; 4^ case* each 4 l?U do. at 71 a?6c.j 200 ISIb. b,ixe*do. at 33^0 121b t^xxdo. aifiOafific.; 2*3 half chests gnnpow<ifr at 5#' to l&V.x* 10 271b. Iioxe* do. at 6?c.i 4 Wlh. boxes do. at OTJc.; 30 case a canister*, liofilh. each, do. at A3 a 97c.; 7 che*t* imperial at **?1 U* half che?t* do. at *2 a I l?r.; 10 2.w(,. homes do. at 77 |c . "*> 'fib. hoxe* do. at Me.s *5 caae* canister., 12 ol 21b. each do' at HO a ii*.; t?l che?t* hywn .km at 22 a 45c.; 89 half chert* do. at 34 a 411c.) 50 121b. boxe* da at 44c., 10 chert* Twankey at 32c.; I VI half chert* do. al 27 a 31c.; $ chests Souchonir at 50r ? ?do. Pekoe do. .cented, at 42r.; 15 half chest* Orange Pekoe at 4Sc.; chert* rowchonp at 35 a Me. (5 chert* were extra fine.) 100 half chert* do. at 34Jc^ 36 ca?e?. each 2 boxe* of ISIba. each do. at 00c ; al*o, Km matt* caaala at 7|c. The above tea* were part of the cargo of tbe ship Panama, from Canton. Thaw were of a better quality than thoaa of ibe last sale, with the ex ception of a few lot* of by *nn *kln, which were v>M at 22 a 27e Tbe other, brought fair price* The ?a)r was rerv fatty * t tended. Term*? six month*, approved paper. Receipt* of Produce? A0 barrel* floor, 10 do. ashes. Havana,. tune 10.? Pitch, 9; tar, JOaIV bean. ? n. 7 ft; beef. No. 1, 2 and prime, ?? a 1^; do. Nci* VnrL anrf'^Mtaa ' *>? ???ked. 12 00 a li 00 bread, pilot, 7 0 ?7, fuS,'