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I.r. IVIN8, EDITOR AND PROPRIETOR. Term I a W payable In advance. No paper discontinued nntil all arrearage are paid, except at the option of the Publisher. JtRooancinf. Dams of eandidatee for olflce S3, Cafh. Obituary Notice ever 11 line, charged at the regular drertlaing rate. All eomaiinicatieni intended to promote the private nd r intereat of Corporation, Societic, School or ludlriduai, will be charged a advertisement. , ATHENS, FHIDAY, DEC. 86, 1857. SusrEnsiOH. In order to give the hands in the office "holiday,'' no paper will be issued next week. The Post is now iu the tenth year of iU existence, and in all that time we have never missed an issue, or failed to get , the paper out at the proper hour. Two of the workmen in the office have been with us from the beginning sticking to the machine in adversity and prosperity, through alcrm and sunshine and if they are not entitled to a "holiday," who is! For oersetf, who do not need rest and never grow weary, in well doing, we shall spend the "vacation" in nuk ing out accounts and dunning delinquents. Wishing our patrons, one snd all, a Merry Christmas and a Happy New Year, we close with the remark that, no preventing provi dence, the paper will make its appearunce gain on the 8th of Junuary improved, we hope, by the temporary suspension. McMihr Couhtt. It will be seen by ref ence to an Abstract from the Comptroller's Report, in another column, that McMinn is ahead of her sister counties of East Tennes see in the production of Wheat, and of all the eounties of Middle Tennessee reported, with the exception of Wilson. In the pro duction of Corn, McMinn stiinds at the head of the list in East Tennessee. Meigs County. Circuit Court meets at Decatur next Monday, the 28th. Th Concert. The young Indies of Prof. Cooke's Music Class gave a Concert at the Presbyterian Church, on Friday night last. The audience was large, and the young la diet executed the numerous pieces selected for the occasion in a mnnner highly credita ble to themselves and complimentary to the kill and aasiduity of their teacher. Chinese Sugar Cans. An interesting communication on the "Chinese Sugar Cane," will be fobnd on the first page. Liquor. The Liquor Bill passed the Houso the third and last time, on the 19th. Our understanding is, that the Dill restores the Tippling Act of 1846. The Legislatures of Georgia, South Carolina, and Alabama have legalized the suspension of specie payments by the Banks until November, 1858. "The Devil I" Our devil requests us to remind his patrons that he will be along with that New Year's Address on the 1st proximo. The "machine" is in tip-top running order nd they may look out for something "cheap t a qunrter." The Bank Bill. The Senate's "Bill to enforce the Resumption of Specie Payment by the Suspended Banks; to offer to their Acceptance certain Amendments to their Charters, and for other purposes," has pass ed second rending in the House by a vote nf 34 to 33. The Bill provides, among other thing", that the Banks shnll resume by the 1st Jan., 1859 "and from and after the first day of July, 1858, no such bank in this State shall issue, emit, pay out, or circulate any note of a leas denomination than nve dollars; and from and after the first day of January, 1859, no note of less denomination than ten dollars; and from and after the passage of this act, no bank in this State shall be permitted to pay out, for circulation, the cote of any corpora tion; or association of individuals, which has not been chartered by the State of Tennes see; nor shall any bank pay out the notes of ny bank chartered by this State, except its own; and nu bank in this State, shall direct ly, or indirectly, sell or dispose of gold or silver, or sell or dispose of the notes of sny bank whatever, for any premium or discount whatever; and it is hereby declared, that the traffic or trade in the legal currency, or in un current bank notes, is not a privilege intend ed to be, or granted to the bauks by their charters." The Bill is divided into eight sections', snd is stringent in its provisions generally. Hon. John Bell. Tim dominnnt party in the Legislature continue to vent their petty spleen at the distinguished Tennessee Sena tor. The following lesolutions have been adopted in the higher brnnch, In lieu of those originally offered on the subject: Be it resolved by the General Assembly if me state nt lennessee. That we lully concur with the lion. John Bell, as to the duty of a Senator when the voice of his constituents have decided against dim on a question ma terially affecting their interests. Dt it furtlier resolved, That in our opinion, the voice of Mr. Bell's countrymen of Ten nessee in the recent elections, ha declared gainst his course on the Kansas-Nebraska bill a question of vital importance to the South. ' t . Ws would like to have the distinguished gentlemen who voted for the above resoiu lions, explain in what respect the Kansas Nebraska bill has proved, or is likely to prove, "of vital importance to the South;" or what advantage, substantial or otherwise,the South has gained by its enactment, that any mnn should be hunted down for having opposed It. Looking to the present threatening se lect of affairs in Kansas the ultimnte ad vance of "Frecsoil" south of 36 80 made by the adoption of that measure of doubtful parentage, as Inevitable as the decrees of Fate and the distracted snd Inssne condi tion of the Democratic leaders on the sub ject st this time, no three of them agreeing bout it these things, with little regard for solf-respect, should still the toogues nod est the lips of the democratic members of the Legislature upon the Kansas question much less should they continue to hunt tho Statesman whose far-seeing sagacity and pa triotic eloquence pointed out and portrayed the dangers snd troubles that would enaue from the adoption of the bill, and which in part havs been already realised. Under the circumstances, their course towsrd Mr. Bell is not only unjust and inconsistent, but verges on meanness. Pennsylvania. It is understood that four of the Pennsylvsnin democrats in Congress, eo wiirr Judge Douglass, snd against the President, on the Kansas question. UT The new Constitution of Oregon positively prohibits paper money banks. THE CLOSE OF THE YEAR. I , The calendar closes up, snd '57 is upon the eoucb of death'. It is customary on such occasions for gentlemen of the press whe ther dwellers of the busy marts of trade, or vegetating in the purer and happier atmos phere of the rural diatrieta to work their iuiaginatiuiia into a state) of morbid senti meuUlism and write proaey swinonn, liks un to those with w hich sleepy congregations are sometimes edified and iu which the crimes and wickedness of the world are painted in glaring colors, while all the good and pleas ant things that bloom along .life's sunny br.nks sre lost sight of or flung aside, as faded garlanda or worn out jewels. But we "take our pen in hand" for no such sickly purpose. We would ss soon undertake to imitate one of John Mitchell's opaque arti cles on the African Slave Trade. We never could work ourself up to the "sentimental dodge," snd, notwithstanding our temper snoe proclivities, would rather pledge to the advent of the New Year than indite mol lyism on the . Old; and we know we hare too much philosophy to cultivate remem brance of the little trials and disappoint ments of ths psst, or to make ourselvea un happy with speculations sbout tho future. We believe, with the immortal bard of "Muddy Run," that it is ths duty of every one . , . , . ; ; "To make the best they ean of life, -1 . or render it a curse, But take it as they would s wife, For better or for worse" to treasure s lively recollection of the good things, and forget the unpleasant as rapidly as possible. And after all, the world is not half so bad as a good many clever people are led to believe. Great crimes and vices sre heralded In the prints and published from high places and at the street corners while piety, virtue and charity move noiselessly, as the little atreama and rills that nour'mh and sustain the teeming valleys, doing their good work and making no record save in the bosom of Deity. Man is no worse now, though six thousand years from the Creation, than in the days of the first family. Cain alew his brother with a club, and the modern murder er employe's slung-shot or the bowie knife. A true record would, perhaps, show that 1857 has been marked by the same character and grade of crime the same stirring inci dents by flood .and field the same alterna tions of wet and dry, heat and cold as its predecessors. Some have grown rich and others poor as of yore, squalid misery snd griping want have existed next door to bloat ed wealth and pampered pride happiness and contentment have presided in the woodman's, hut, and pain and affliction been joint occupants of the nabob's palace the petition of the widow and the orphan hns pierced the skies, while the cold prsyer of the formalist has fallen unheeded Lazarus has eaten his crumbs end been carried home, and Dives died lifting up his eyes in torment petty thieves have been punished, and great rogues escaped unwhipt of justice all the same in '57, as in the years before the flood, as in the century beginning with that morn when the Judean shepherds heard the stars singing together, and as will be until the "work is finished." But as We Enid W did nut out le er motiize or indulge in sombre reflations on the expiring year or the incidents that have marked its passage. We desired simply to remind certain clever friends of ours, here snd elsewhere, that the time for squaring ac counts, liquidating dues, and balancing books had again arrived, and to ask thorn not to for get that many of their names sre on the debit side of our ledger, while the credit side is without mark or sign. Practically, the close of the year is the time to settle up, and we hope all in arrears will see the propriety of attending to our case at or.ee, that we mny enter upon the labors of the new one un embarrassed with debt and its concomitants. Florida. The volunteer force in Florida have, as ws I earn from the papers, had ano ther brush with the Indians getting Copt. Parkhill killed and four or five men despe rately wounded. Three Indians were killed. This "Florida war," as it is sometimes call ed, has been on hand since the year 1837 and from present appearances will last a good deal longer, unless disease should overtake and capture the redoubtable Billy Bowlegs. If the "Mormon war" should turn out to be of proportionate duration, it will be some time before Uncle Samuel is again vexed with an overflowing Treasury. The bill to establish the 15th Judi cial District of this State embracing the counties of Gibson, Lauderdale, Dyer snd Obion has passed both branches of the Leg islature. Complimentary. The Richmond Des pair, in noticing the "Southern Citizen,' and its principal editor, snys: "We are sorry that John Mitchel's light it hid under the bushel of a provincial newspa per. All these gems of wit and logic might almost as well be in the middle of s mine in s Tennessee mountain as scattered over the columns of a weekly newspaper in the re spectable, hut small and outof-the-way town or Knoxville. 3T We learn from the last Whig that Parson Brownlow is down South lecturing on Abolitionism, to large audiences, and that next Spring he is going North to lecture on Slavery. Law Reform. We are indebted to Sena. tor Bratcher for a copy of the "Bill to bo en titled an Act to abolish the present forms of sctions in the Circuit Courts of this State, snd to sdopt ths Petition snd Answer in lien thereof." "Poor Kin." A bill has been Introduced in the Senate, by Mr. Heiskell, to provide for me maintenance of poor persons by their relations in certain cases, - Toothache It is said that pulverized slum snd common salt, mixed in equal quan tities, introduced Into the hollow tooth, wilj hall iU aching in less than no time. EaitHquaee There was s smart ahoek of an earthquake fell in the city of Charles ton about 9 o'clock, on the morning of the mm. ... . HEP Let it not be said that every manner which doea not exactly represent the dispo sition of the mind for ths time being, is hy pocrisy snd deceit, , God forbid that we should always apeak and art precisely ss ws feel. THE MORMON WAR. The President, is bis inessage, does not overestimate the importance of putting down the first rebellion that has ever been raised In our territories. But, in our opinion, (snys ths Richmond Whig,) the measure be propo ses is most ridiculously inadequate to the. end in view. From all accounts, the whole population of Utah baa been placed on I war footing. Every man capable of bearing arms has been drilled Into good soldier. They sre amply provided with arms, ammuni tion, provisions, snd sll the munitions of wsr. They srs in a country uncommonly strong by nature, and almoat inaccessible when approached from certain quartets. ' They sre in league with numerous tribes of Indians, many of whom have even embraeed their re ligion. They are fiteen thousand strong, independently of these Indian si lies. Their force is actually gteater than the allied force which captured Yorklown in 1781, leaving out the militia employed on that occasion, for the combined American snd. French for ces, under Washington and Rochambeau, were only 12,500 Americans, snd 7,000 French. They srs animated with the bitter eat hatred against the "Gentiles," and the fiercest religious enthusiasm. From present appearances, they mean to fight to the death. Now, to put down this most formidable re bellion, the President ssks for four addition al regiments, and he apologises even for as king this much! Why, they will not boa lunch to stay the stomachs of the murderous scoundrels they are sent to subdue, nntil a larger meal can be obtained out of those who may be sent to gather their bones. Is the President afraid to risk his popular ity, by putting his hand in the direct way upon the purse of the nation! Ia he unequal to the crisis! Does he slresdy begin to look forward to a re-election, and is the country to suffer, that he may be s second time Presi dent of the United States? If this be not so, why is this rebellion tampered with, in this strange fashion? Why does not the Presi dent eome out like s man, state the difficulty in the broadest terms, and call upon Con gress to look it in the face? Why doe he bow, and cringe, and beg pardon, like "a fawning publican" supplicating a remorseless usurer for s further loan, or a longer exten sion of indulgence? Instead of expressing sorrow for being obliged to ask, why does he not boldly demand of Congress what it is the duty of Congress to give? Why does he not say, "the territorice are invaded by a crew of fanatical murderers? Give me men and money to put them down? I want a dozzen additional regiments, and fifty thou sand volunteers. This thing must be put down at once. There is no time to dally. The men must be ready to march by the middle of May. The winter must be taken to drill them, for they are going to fight regu lar soldiers. The winter must be spent in raising supplies, forming depots, raising vol unteers, arming snd drilling them, snd ma king all things ready for a spring campaign." Instead of language like this, the President whines, and supplicates, and modestly hints, that four regiments may be necessary! Four regimenta to put down fifteen thousand armed fanatics, drilled to equal, in their exer cises, any troops epon esrth! , We think we can foresee how all this ia to terminate. The President, from the fear of putting his popularity in jeopardy, is sbout to involve this country in s long and perilous war. Rivers of blood sre to flow, for if the fanatics get the better of the first troops that sre sent, it will be impossible to subdue them without n tremendous sacrifice of lifo. All this might be prevented by little energy now.' " But the re-election of James Buchanan is of far more importance, than the lives of twenty thousand or fifty thousand American citizens! Dandridos Bank. Persons holding notes of this institution, will see by the subjoined extract from s letter sddressed by the Cash ier to gentleman in Nashville, that they need not submit to any shave on the same, but can have them exchanged for notes si par in that city by simply remitting to the Bank. "Enclosed we send you f 15, in return for the sume amount of the notes of this bank, received tins morning in yours of the 29th ulu We suspended specie payment when the other Hanks or 1 ennessee did so, and in the meantime we intend to resume in other currency, whenever our notes arc presented We hope no man may lose a cent on the notea of this Bank, for the Bank is fully able to redeem every dollar, and the stockholders are perfectly willing and determined to d ao. "If the banks of the State were prohibited from putting their notes in circulation remote from their own offices, and required to pnv out nothing but their own issues, redeema ble at their severul counters, it would prevent 'wild cat operations, and improve the curren cy of the State. vith respect, &c, W. R. BRANNER, Coshier." Gov. Walker Resigns. The letter of Gov. R. J. Wslker, of which our readers have already been advised by telegraph, sppears in the Baltimore Sun of Friday. Gov. Wal ker says: "I resign the office of Governor of the Territory of Kansas. I have been most reluctantly forced to this conclusion, after anxious and careful conaideration of my duty to the country, to the people of Kansas, and ths President of the United States, and to myaelf. Ths giounds sssumed by the Pres. ident in his message to Congress, and in re. cent instructions in connection with the events now transpiring here snd in Kansas, adnion ish me that, as Governor of that Territory it will no longer be in my power to preserve the peace or promote ike public welfare." Weather-wisdom iss mstter In which prophets ore sometimes greviously mistaken. tint the Penobscot Indians hsvs been antici pating on the subject, and they say, ''The beaver built urn house high and thin," and therefore predict an "open" winter- Fob Utah. Advices from Washington state that the War Department is erowdej with applioanta from evsry section of the country for commissions in the army for Utah. f3f Our thanks ars dus lion. Horses Maynard for copy of President's Message. 7"Al Genoa, it is said, every attorney Ukea an oath to undertake noeauas which he dors not consider just. GOV. HARRIS AND THE BANKS. Governor karris transmitted message to the Legislature, on the 17th, is relation to Banks and Banking, in which he recommends: 1st. That the Banks shall resume specie payment upon s day fixed, and as early as praeiiaaoie; rout making our currency con vertible, and re-etablUbiog confidence tj some extent at least. . . 2d. That from and after s given day, no can a or Branch Bank in the State, shall is sue sny bill of the denomination of five dol lar or under; and upon a given day, within s reasonable time thereafter, they shall issue no note or bill or the denomination often dollars, or under; and, upon a given day, wunin s reasonable time thereafter, they nan issue no note or bill or the denomiua Hon of twenty dollars or under. Sd. That upon a fixed dsv. within s res- sonsble time, after ths Bsuks eease to issue notes or bills of the vsriou prohibited d nominstions of twenty dollars, and under, they shall eease to circulate, retiring then gradually, first fives and under, next teas, and lastly twenties. 4th. That no note or bill issued bv anv Bank sot within 'the limits of the State of Tennessee, of a less denomination tbsn our own Banks are authorized to issue, shall cir culate within the State. And that no bank er, broker, eorporalion, revenue officer, or any person exercising licensed privilege, shall pay out or circulate the notes of any other than the Banks of our own State. ' 6th. That no Bank or Branch Bank in the State, shall issue or put in circulation any note or bill that is not piyable in specie at me eounter wbere tbe same ia issued or put in circulation. - . 6th. That no Bank shall issue more than two of. circulation for one of specie in the vaults; or locur liabilities to note-holders or depositors, more than three dollars for one in speeie is their vaults.'- ,-'.' 7th. That ths. President and Cashier of eaeh and every Bank in the State shall make a monthly report, upon their oaths, to some officer of' the State Government the real con dition bf their respective Banks, at the time of the report: and that the report be pub. lished at the expense of the respective Banks, in some newspaper in Nashville; and that swearing falsely tosucb report shall be deem ed perjury, and punished accordingly. 8th. Such penalties and forfeitures for the violation of any of these provisions as will secure implicit obedience to them, should be provided. The Governor further recommends that a day be fixed in the future, by the Legislature, and "as soon as it csn be done without dis treating our people, upon which the Bank of Tennessee snd her breaches be put in grada si liquidation. "The time shoild be fixed far enough in tbe future to give all el asset of community reasonable time to adapt themselves and their business to tbe insugurstioo of the proposed policy; snd ths liquidation should be slow and gradual In its operations, so as to do at little violence aa possible to existing interests, by withdrawing the circulation of the Bank, or rapidly collecting its debts." Ee recommends "an amendment of the Constitution of the State, to aa to fix s res sonable limit, beyond which the Legislature thai! not go, in creating s debt or liability of the State, without first submitting the quea tion directly to the people, except iu case of invation, insurrection, or rebellion. He "earnestly" recommends, "that the faith snd eredit of tht State be no further pledged in sid of Internal Improvements or other wise." Tbe Governor lastly recommends the pass age of a lsw putting the bonds of the various corporations Jand Railroad companies which hsve been endorsed, by the State, upon the same footing with the bonds, of the State loaned to companies, in respect to tbe prompt payment of the aocruing interest on the form. r, out of tbe State Treasury, Increased in the event of their failure to pay it. A BsAUTiruL Extbact. There lies in the depth of every heart that dream of ouryouth, and' the chastened with of manhood which neither cares nor honors can ever extinguish, tbe hope of one Oay resting from the pursuits which absorb ut; of interposing between old age and the tomb, tome tranquil interval of reflection, when with feelings not subdued but toftened, with pastiont not exhausted but mellowed, we may look calmly on tbe past without regret, and on tbe future without ap prehension. But in tbe tumult of the world, this vision forever recedes as we approach it, tbe passions which have agitated our life dis turb our latest hours, snd we go down to the tomb, like sun in the ocean, with no gentle and gradual withdrawing of tbe light of life back to the source which . gave it, but sullen in its fiery glow long after it has lost its pow tr and ill splendor. fST" It is stated in the newspapers that Mr. J. H. J. Strickler, the Commissioner appointed by the President, under the act of Congress passed last Febuary, to sudit snd sllow the claims of those citizens of the Ter ritory of Kansas who sustained losses during the difficulties in that Territory, has just closed his sessions, and states that the amount of claims proved and allowed by him is between $375,000 nnd 8400,000. This sum is for property iic'.ually lost or destroy, ed. Navigation .or the Mississippi. By a table published in the SU Paul Pioneer, it appears that the present has been the shortest season of navigation on the Mississippi to St, Paul for 15 years. Tho river closed on No vember4 14, having been opened only 198 days. The usual average is about 225.. Nevertheless the trade has been larger than ever before. There have been 1,0'Jfl steam boat arrivals, which is double what they were two years ago. From Texas. Ths steamship' Mexico reached New Orleans on Tuesday last, with Galveston dates to ths 13th iost. It was ru mored that the fillibuster steamer, Fashion, would enter the port of Galveston on her re turn, and that a crew would meet the steam, er. The United States officers were on the slert with their usual vigilance, consequently offenders may expect to be dealt with in the most hostile mnnner! Senator Gwin has received letters from California which mention the prevalence, in that State, of violent excitement, and deaire to enlist for service against ths Mor mons. Il it slso stated that the Saints havs emissaries in all parts of tho Statu, plotting mischief. ..... ' Roman America as. A modern writer says: "We sre the Romans of the modern world the great assimilating people. Con flict and conqueala are of course necessary accidents with us, as our prototypes. And so we come to their style of weapon. Our srrsy sverd is the short, stiff, pointed gladius of the Romans; and the American bowie knife ia the aame tool, modified to meet the dally vants'of civil society." LIFE IN WASHINGTON. Washington, Dec , 1857. The Senate gallery was thia morning crowded with ladies to hear Mr. Green, ths new Senator from Missouri,- reply to Mr. Douglas' Speech of Thursday last. After the business of the Senate waa concluded, the gentleman from Missouri aroae, and in hia first few sentences, made us feel that we were in the presence of one who would com mand attention and give to hia opinions the weight of recognized suthority. He commenced in that language of high courtesy which augurs better for victory than the most hostile declamation. Inclining his head towards Mr. D., he expressed regret ths he should be obliged to defend the principles which his opponent represented. He then passed on to the Senator'a vague insinuation snd grsve'eharge against the Administration and its distinguished head. Fixing his eagle eye upon the Speaker, he made it apparent by s few authoritative remarks, that the gen tlemnn from Illinois, had taken up issues which had no relation to the deep, vita throbbing interests of the country that he was opposing measures tending to the Iran quilization of the public mind ! He exposed the varnished sophistry of Mr. D's. artfully put together speech. He showed that the Senator from Illinois had garbled the policy of the Administration in the unfairest and most subtle manner that hs had split con aistency into fragments of inconsistency, nnd converted judicious measures into arbitrary tyrannical acts. He exposed ths falsehood of Mr. D's. affected moderation, and that he was parading high sounding principles to cover selfish ends. Befors he concluded he made a strong case against the Senator from Illinois, ss shuffler snd trimmer ss s man full of tnct snd admi rable diplomacy when he wanted to make his own side fair. All this told the more be cause it seemed courted and provoked by Mr. D.'s elaborate vindication of himself. All who had heard him felt that he had laid him self terribly open, snd richly deserved what ever punishing retort could vibrate from the heart of man or the tongne of an orator, The defection of Judge Douglas continues to be the topic of conversation in private cir cles here. His smbition for the Presidency has always been so plainly apparent that his late speech is recognised as a bid for North. em votes. We have read his speech, and like a visitor to the Goblin manufactory, we equal ly wondered at the imposing style of the tapestry and the ingenuity displayed in its reverse. The distinguished gentleman seems like s bat to hover between Democracy and Republicanism. The city is indeed betrayed by one of its own sons, and the Administration mny well say, "I am very grieved for thee, Jonathan, my brother. Mr. Buchanan will have to defend himself not only against the battering-rams of Mr. Seward, the javelins of Mr. Sumner, snd the four-snd-twenty pounders of Mr, Hale, but the far more perilous warfare of traitors in his own camp, the sapping snd mining of "The Press," and all the mnncevres, ambuscades and strategies al work in the bureau of tbe Douglas diplomacy. Cor. Char. Cttjr. Arizona Comino. In the United States Senate, Mr. Gwino, of California, gave notice of his intention to introduce s Bill for the or. ganization of the Territory of Arizona. Arizona is in what used to be the. Messiila Valley Gadsden purchase. It embraces about 37,000 square miles, interposed between New Mexico on the north, and the Mexican pro vinces of Sonors nnd Chihuahua on the south, and extending westward to the Colorado river. A gentleman who has repeatedly tra versed large portions of it, says that it abounds in gold, silver, and copper has many spots of fertile soil, is admirably adapt ed for the propagation of all kinds of fruit and especially the grape, and possesses sn atmosphere which "it is a physical delight to breathe." Colorado City, opposite Yuma, is nt the junction of the Gila nnd Colorado, and at the present head of navigation on the latter river. Population is flowing into the Terri tory. The mining companies lust year con sumed $100,000 worth of goods Bliipped from Sun Francisco alone and landed at the mouth of the Colorado. A week never passes without the sailing of vessels from California to the Colorado. Washington, Dec. 19. In the Senate to. day Mr. Crittenden, of Ky introduced s res. olntion authorizing the Secretary of the Treasury to substitute the home instead of the foreign valuation on import duties. It i believed that the alternation will materially increase the revenue. In the Senate to-day the bill authorizing the issue of twenty millions dollars of the Treasury notes was passed. The act limits the time for the notes to fall due to the 1st of January, 1859. Washington, Dec. 21. Both branches of Congress have determined to adjourn and have a recess from Wednesday, 23d instant, to Monday, the 4th of January. in me senate to-any Kansas stluirs were discussed. , . V . In the House the treasury note bill was under consideration and a motion to exclude Mr. John M. Bernhisel, the delegate from Utah, was laid on the table. , Queer Storv about General Valker.--Ac cording to the New York Times, the aecret "Junta," to which wns confided the arrange ment lor the aecond Invasion ot Nicaragua, havinc lost conhdence in uoneral Walker as s military leader, had intended to place lien era! Hunnimraen at the head of the command. Thia arrangement waa by no means palatable to the "President of Nicaragua," who has s civilian's passion for tactics and manoeuvres. He, therefore, pretended to acquiesce in tho plan; but when the Fashion was ready for ses, astutely slipped on board and aet off, to the surprise of nobody more than ths "Jun ta" aforesaid, and to the chagrin of nobody more than General Henningsen, On the strength of this sfTnlr, the knowing ones, in regard to the expedition, are said to prognos ticate its speed failure. . The Citizen, which John Mitchel started In New York in 1 854, and left, after editing it one -year, in the hands of John Mc Clennehan, stopped last week. -" It is said that the Philadelphia banks will returns specie payment about the first of Febuary. t3T Il is estimated that over 16,000,000 of brick have been put into buildings thia year, at Keokuk, Iowa. UNIVERSITY OF THE SOUTH, for the Pftst-1 Thia great enterprise was eoneeived for great purpose. The original projeetort were gentlemen of enlarged views, greet public spirit, sod setive christian benevolence. The announcement, from the beginning, that such an Institution was ' even in contemplation wat bailed with aeelamationt of delight from one end of the Southern eountry to the other. while its imposing inauguration in July last seemed to be but the precursor of s brilliant future. Such an Institution was looked to ss s chief element in tbe future elevstion of the South, to literary at well at commercial in dependenceequal, at an integral part ot our great Union, to sny other portion of the confederacy, in all that relates to eduestinual at well as physical greatness. Indeed it waa a grand idea this heralding, upon the point of Look-Out, of this new order of thingi this new declaration of independence. Great minds were at work in enfolding new and momentous schemes practical men were there, men of buainett, looking to the com mercial advantages to result to our Southern elime chiristian men were there, their hearts absorbed in the contemplation of the noble structure about to be raited in dedication to Religion literary men, men of geniut and lovers of the real in art and learning, were there, their faoea glowing with a new inspire tion, and their bearta full of new hopet for the dawning of a brighter and a more glori out day about to beam upon the Southern mind. All ia all, it teemed to augu a bril liant consummation of a long deferred hope. It was knewn that tbe Protestant Episcopal Church was great great in influence, power ful iu intellect, unboondtd in christian liber ality, and abundant in means. Success thus teemed certain,' beyond the possibility of contingency. But the only difficult aad em barrassing point in the way was yet to settle. I allude, of course, to that of location cer tainly the most important of sll the questions connected with the enterprise. And now, tince thit locstion bst been msde, the ques tion forces itself upon the mindt of sll who hsve hsd the subject st heart: "Has not s mistske been made in tbe selection of the point of location I" Was it designed that the Institution should be practical in its workings wss it intended that it should be s working concern wat it intended to be come s lever in the sdvsncement of the world to greatness by seizing upon society in the very midst of it, and lending sn efficient hsnd where blows fall thickest, and energy and labor and toil amongst the mass, alone com mands tuccess? Then, the location is a mis taken one. To throw itself into the breach, or to lay hold upon the great wheels of soci ety, it waa necessary to place itself in such a position at to become a part of that society, to tympathize in ita workings, and to aid ia sll its efforts by its mighty influence in the great development of human progrest. It should not, like ths baronial tower of tome isolated lord of the olden time, be perched upon the peak of a lofty mountain, above the hum of tbe busy multitude, but should mix itself with that multitude by its example and its practical bearings, so as to impress its influence upon the eommunity, and to be tin- pressed in turn by that community in thote things that relate to practice in education. The world bat at length laid aside the trans cendental, snd education it no longer to be unmixed with the business, with the avoca tions, and with the daily pursuits of life. Tbe proper locstion for such an enterprise would have been in a centre of influences Hnntsville, with its beautiful evergreens and brilliant society, and inexhastible supply of water, would have been hailed with delight as the point of location. MoMinnville, with its health and beauty of scenery, would have been readily aoquieseed in. Atlanta, with its manifold iron arms stretching in all direo tions, teemed to call loudly for the appoint ment there. And any point in East Tenner see, from Knoxville to the Georgia line, with its unsurpassed liealthfulness, its teeming population, Us great accessibility, itt bubbling springs and gent le breezes, its mountain tcene ry snd gushing rivers sll, sll, would indi' cate it as tbe point above sll others suited for tuoh sn institution. 1 apeak not of the par ticular objections to Sewanee to the smoke of the ooal pits, the steep grades of the railroads, the alleged unhealthiness on ao count of local eauses but I speak of the lo cation as a oitizen of the South, having an interest in common with all the citizens of the South. I speak as one who, from the first, has treasured this great enterprise as one of the chief means in tbe salvation of the South, when I say that I fear a great mistake has been made in the ehoice of a location, and one, too, that will prove fatal to its in terests. AMICUS. Govkbnos Walksb. Tbe Washington cor respondent of the New York Post writes: Mr. Jefferson Davis boasts thst he intends to "wool Douglas" in s speech in tho Senate. lite writer obtained audience with Gov Walker yesterday, and found him in eood spirits and remarkably plucky. 1 laid, "Mr. Slidell, tir, announced in the Executive Set tion of the Senate, that you cannot go back at Governor of Kansas."1' This stirred the little Governor, and made him flash bit little eyet, and knit his little brow, and raining him self on his little toes, he exolaimed with i characteristically big emphasis, "What busi ness is It to nun i 1 don t receive my instruc tions from biml I shall steadily s'dhere to the crest fundamental principlesof the rieht of the people to govern themselves, and I shall not allow the threats of any'man to deter me iiom it. Moral Cowasdics. The journals in various parts of the country, just now. tell of numer eua easct of young men committing "suicide," "sot being able to get employment,'' often leaving behind them "wife and children." It is difficult to lav exactly how much nhvsioal courage it requisite to out one's throat, or blow one'a braint out but nothing it hazard. ea in saying that all tuoh tuioidti are the worst tort or moral eowarda, and, at such, perhaps they sre at well out of the world. When all the blandishments of life are 'one, Ive on. 111 deatu the coward seek the brave A Not roa mt I'iiilantiiiioi-istk. Thn N' York correspondent of the National Intelli ?;ncer says that the faot presented in the ollowing statement needs no philosophy lo give it a solution: "Fifty yean ago, Hayll wat noted for itt extensivt plantations ol sugar, coffee and cot ton, but they have now almost entirely dia. appeared, except those of coffee, which are much reduced. At present the principal wealth of tbe island is derived from ths for- ettt which cover the greatest part of tht mountain the timber consisting chiefly of niahoginy treet and ths different kinds of dye-woods." Tbia would teem to provs thst the neero rscs sre incapable of self-government. Tht nstursl productions which require cultiva tion have deteriorated, and nothing remains but that which grows in spilt of neglect. (r The latest news will be found on next page. THE PRESIDENT ON THE BAXK3. In reviewing that part of President Buck anan'a Message, in which s Bankrupt Law applicable to Banka ia recommended, the Lynchburg Virginian says, -if Mr. Buchanan really desires to see the State bankierathtd, so that every thing may be brought down to his favonte "specie standard," "ten cent" per diem snd all that and believes, aa hesfTecta to believe, that the Federal Government hat supreme control over the subject, why not recommend s more summary piocess toabatt the evil, by compelling the State banks logo into liquidation at once, rather than to recom mend measures that no bank in the country could, or would accept! After all the war made upon paper money, we find that the Administration are comptll. ed to reaort to the issue of it to bring them through the present emergency, notwith standing, ss the President Bffirnis,four hun. dred millions of gold have flowed into the country from California during the last eight years, and the tide still continues to flow," And how has it ever been I Two hundred years ago paper money was issued by the Colonies for purely governmental purposes, whilst tobacco, and sundry other commodi ties, were the standard by whicll, in the utter absence of gold and silver, all other articles were relatively valued. At the period of the Revolution thefe were no banks, and to meet the pressing demands of the war, the Slates and Congrest had to issue paper money. Omitting to ennmerats the State issues, we find that Congress issued between 1775 and '83, $357,476,541 in paper, culled Continental money; and by the aid of Ibis currency, poor as it was, yet the best that could be hud our fathers achieved tht liberties we enjoy. Since 1783, Government hns issued bonds and Treasury notes to tht amount Ol $307,835,670. During all ths wart that we have since passed through, in cluding the preparation that was made for ths quasi wur with France the Government his been forced to issue paper money. a Mirch, 1839, when we were at peace with all the world, Treasury notes were issued. In 1846.' during the Mexican wur, they were again in circulation, so that neither in peace or wir, has tins been a "hard money" government. We might also sdvert to the fact that large issues of papor money have occurred chiefly during Democratic Administrations. To the credit of Mr. Madisou's we may place $96,. 000,000 to Mr. Van Buren'e 23,000,000 and to Mr. Polk's, of which Mr. Buchanan wos Premier, 68,000,000. Since 1775, government has borrowed on its noti-s, six hundred and sixty-two millions of dollars over four hundred millions of which were in notes of hand circulating among the people. As recently aa 1847, gov ernment wns circulating its notes, and hat been engaged every year for the Inst hslf century, in redeeming them. Therefore, wt conclude, that our commercial growth ids greatness are not to be attributed to the ideas which the present Administration snd ths Democratic party generally, would inculcitt respecting a specie currency; nor huve ths Democracy, though generally in power, been able to conduct the business of the country upon such s basis. Whilst we admit that the States though not the Federal Government should endear. -or to keep their banks within wholesome bounds, so ss to secure, if possible, s stable currency we are impressed with the convic tion that banks are indispensably necessary to carry on the vast commercial interests of the country. A necessary evil, it may be, bet one which all experience has proven cannot be removed without irreparable injury, it may be alleviated, but it cannot be lborough ly eradicated. ' The Virginian might have added, that all the tulk about "hard money currency" is fer Buncombe,and that the parties who advocate it know full well it is impracticable. Since the pressure set in there is s lurge prejudice against Banking institutions, the sound of S "Metallic currency" falls pleasantly on tht popular ear, and the demagogues are 'only playing upon that prejudice with a view te future capital. Every one who has a reasona ble knowledge of commerce and the great business interests ef the country, knows that we must huve paper emissions of some toil, and to pretend otherwise is arrant knavery. Excitement at Lecompton.-A Lawrence, Kansas, correspondent of the St. Louis Re publican under date of December 7th, sayi: 'To add to the interest nt Lernmuton to day, on Saturday night s messenger brought the following letter to Lawrence, directed to Gen. jints. I understand there is no ques tion of its genuineness. "Lecomptoh, Dec. ft, 1857. "Dear General : Col. Moore just tells bis that Calhoun hns sent out a requst to tht members of the old legislature to meet bert on Monday. ' I hear that your, and G. W. Brown's lif is threatened if you come to this place OS that day. My advice to you and Mr. Brows is, to come, and we will see that the d d scoundrels do you no h .rui. Bu sore and get all the men at this place on that day yostis, and they should ull be well armed. Yours truly, Sam'u WiLUi. Gen. Line." No sooner had Lane read the letter, thin he issued orders lo the Orear Guards, tad S company of cavalry under bis charge, to be in I-ecoinpton al an early hour this morning. "Every team nnd firelock In the shape of side arms, which can be found hat been git" ered up, and crowds are continually leaving for the point of interest. Line wss heard I declaim repeatedly this morning, that blood would be shed in'Lccomplon to-day. lit and Brown have both gone up, but my opinion is that all will end hi smoke; though shoold Jones or any other mnn attempl to carry col their threats, there is danger of violence, and it would not end with a mere punishment ef the guilty parties." ClIHISTIANITT NOW TO Bit I'BOI AOaTKO l lllniA Th virliml va.ualiililialimrllt Of Dnt ish supremacy in India, snd the prospeel ot reformed organisation in sll ths departlDn, of the British Eastern Emoire. havs onlurally opened the aprings of religion aawel! atpo' iiiicai agnation. , . The Bishop of Oxford, has delivered Reading, Eng., s lonir lecturs in support ol foreign missions. With rnaiiect to India, nt alronifly denouoed ths sanctioning and main tennnce by the British authority there oft" nniiv ktinA.u:t:A... -tlx t.. 1 1,, true Intrf . v .uj.ii, a.i.iuiia, iiiiiruiiHK I nretntion oflh. ....... ,.r Knirlaiid't rrctnl disaster to be that England has been faliete Enpland'a faith, and timid of avowing i"g' land's God." Sr 'I'll. k... r ..nmiirrinli arrlvid at the port of New York up to the )6tn lost, was !82,fi0'.l-on Increase of 4 J.784 as com pared with last year.