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H* sraj KJiIcw#i*T».ar «li« liouor.uk Scnv.itr from Virgin!* drd.r. >o rxp'.ici'.lv thul HO dipnoi ropem Ik. rrnir* u had Wi.'.i in rrUf enft so 'fcrdrt>»*iio bill; lie viicunilinl tln-pen S.ni'tii lifivr .riHiJilhave r. u-jii 1 j ri|'rhl tiic b..d lu : jr 'ii.' i our*e he hri on Ill'll n'e fn.>i<io: • oevOsionjimd lie Iri.jrti'.i ihn .'riiilrinan .•mil. I -<4" ■ iiuertinii'iititk limn'- »1>»)»»< n •I’i*®*' •s! Siiienvi: g ihr politicmmi \ in ;!io dopbbiii* Hank*. Mr. C. hid ,ivcn iimmv »•* iilvnce* ol I'i* di sirc th >1 . rrdtici. *« ihii.iki In- n.adi' in flic iciTfiue ; and h«J, . idriMcr oo anon, sent a kitllo ili«- <-••fii mi'fev rm M uiyfarinrv*Ini lk»» »>l>irfi,'vlii«'l. allcr crard.kad (*■<»»,'<] the Scn.in- -■ Iitioat u. aniamu.l.,A •k»d hfH*a teal to tile oil.ei Mouse, alter which it W»u never again lii'tni of. Hr was i»ot the man, however, to disturb the term* of the compromise, Which hud so happily unlpls ii slwid 4>e vio»c In fummun content. Tin* South w-re j>rrjnrrii to •%%«-.it to such a step, and i! fix? North would ..!-a *»-» **» to it, there lived be no difficulty it lilt* cn%« . Tlit* g Miticuian from Virginia v em rd to suppose that, because il was the duty of the Fiuancr Couoii.ttot* to consider the question w betii t?f there w*a liuoly lo bt; a surplus revc •no or not, therefore, this bill ought to be tent to lliem. fhe argument w is too wide ; on tin same principle, •very proposition which related to tl»e apple atLm a( any portion of the public resources must be icm to (list committee. It would swallow up almost alt tho busiucss of lilt* Senate. Mo concluded bv demanding llio yoas and nays on th* question of ••minimum. Mr. HIV r.S biiedv rejoined. tin Senator from South Carolina was only conditionally in la v«h of the proposition in the bill, in tha event that there would be a surplus, and that the revenue could tint bo reduced ; and <*% the question vviu tbei it roulJ be ii dtt« od belonged ronle»,f*dl\ in t ' coniumM e on Kimiiue, it involved no v iolatioti *d liie parliament.iry principle lo winch the Senator had dluded. In send tins lull to that ciitiimittee. •Mr. K. hoped tie sho d.! nut be understood i\* wish* trig w antonly to inlertvre with the prov iMutis nt the Compromise bill; be was fir from d» «Ting any Sue!i thing. Hr b. U the cum,no.nisi* in great te Iport, ms having effected a i.n-111 national good in tha settlement of an agitating and alanmii:* ij.es* lion. Bui lie w is tree tn say t‘ at if any uiudo could be devised of tu ingi down the revenue tn the w a nts ut tlie Ijuveimmiit without inter firing With t ie enactments ut th.it bill, he should be up pos *d to disturb*!M? lliem in any wav. But it was a fundamental dut\ of legislation I o di«iiense mih fdl unne ns* .rv tajus, and reduce the Linden* nl , the People Us tm as (be in • u’<%n les ut (* »vei nun in Would hermit. If lit % . nul l n it be done unbuilt tuuc*>!:i.' sumo parts id tin* Compromise b.ll, it uiu be touche J; but if it « mid, then that bill, in j sail its provisions, ought tube sacredly in.-iiu.aiu TliRquesnou on Mr. Walk Elds maiion to ir* , for llit' bill tvi the Cotnnr.tten on tniance lien.g IM»W p if, ike vote Mood as lotion's ; Yeas \a v » !&?. Tuo yeas an i nay s being etpn*!, tin- (*n \ift voted in the a 111 i native , and the bill ut. vumniit* l«d accuidmgl) tin* CoinmiUev on I inunce. Tnti.i.xv, Dr.iEMm u VJ, lkj.tii Tl»r Senate resumed the inii«id« iation «*i Mi HwtNu's resnhnitiott h» leViind the FriMsurv Or tier of July 11th, 1H36, and to prohibit tin Secre tary o! the 1 re.mui N hum d* leg ting the power to sptM'iiy tuduil kind of fund* sh ill be ret» ived in |MiVfitetit for the public lands. Mr. IUY to, after some intr«uJucl »rc r nn uks, (Mr. I ‘winu having withdrawn In* cull tor tho s>m> anti nay s,) offered tin* follow big air* udment 01 Substitute to Mr. Fwinu’s r**»olutioii ; win h a mendmeu; w,it oideied to tie punted ; iftiolt'ttl. F! .it, here iflt-r, .di sum* of mono accrtt i ng u, be CO mi i : p 4 abb lithe tinted States, whet Iter lor oijhmi*, p Sic I n !i, taxi s, debt-, or ulh«r*riv, s nil In* collected -nd pud mlv in. the lCc I eu: r *;u v ot lie United Sute*-, m in the note* of j ink i w l»ie|j Mfe pnyubh mil paid on dem iiul, int.ii* s i'll legal currency , Ii.id. I the tabming r - itrirlions unj condition*, in re/ard i * > t b not* s; th.it is, from and ain i tb • p v of (hi* resolut ion, the m il s of o bank ultnb \b ,b i - > ■,» bills ot a bus di iiritiu..tion tha i &.*, (lire doJIai*,) ■ball Le rt» -.vi d iu j» vmi im ot ttn i ,i due\ ; tronx n.'id alter the 1st day vf July, 1^17, the notes ot no L»:iLn w.ihIi shall ii*wc bills or notes of a les* d uo.iimatiou than jjklt), (ic , dollar*,) shall lie »o letciv d.li* ; alid Iron, auj • fttr tile 1st kit July, 1811, du like hit 1 i fthili be extended in the note* of all hanks issuing bill* or note* <*{ .I !(•,.* deueiinuat ion itim JU, (twei tv dollars ;) hut till) public dubioi shall have ll»c option ot pivt »u either in tie* slid legal uir reiicy, or iu tu notes **i banks ot the description* aoov«* merit iu >.<*<), in i .it ci v * it \ pi **\ i ■ .•.!, h*, o - •ver, tliaj no tt >tin» s' «H he taken in pa\incut b\ »h« collec.or* or tin. t.mik* in wliicli iiri* to bp iI.-j.iKifrJ ,1, ,|| ro.i b** willing to p.s, to tl.o credit ot tiro t um.i| Suites ax c.isli, TKVvs. Tb. following m .... ■(• «;n n ivj. ,,,1 |Vont tin' President mi nil- l mi id State., Iu tin- h.nnl. of Andrew Jackno.n, Jr., Ui. Privau. St-trc tur v : Jo thr House of Jtryrrstntnlins V. $*. Ui’.riiig tin* last st’HMiin infornmtion whs lmaoiiic Collgru,., by tin* lui culivr, tli.u “ nu .nirr, b.n b«*ri» taknnto a icon* ill tin. puliiicftl, imliUiv, ami civil condition of Texas.” 1 now submit, lot * ..”•*» iumii (iir i«'f) m I oi (hr Hijoat ulio had h»»cu H|»}ifii»u*J (v» colkct if, r» |;j« tivc t«» the can ittiun *t iluu count! v. •Vi steps have t,Pl„ taken by't’he Ecvutivr towards tlif acknowledgment of die ind. pemlee, of I i x ix ; ,3c. tlic* w hole subject would have bri o K*tt witlimit turtlier remark, on tlm in |i mil i, n now given to Congins.w, re it not (lx.it the two llu s, 'i'""' h'»t **“**»", aulll" Joji.i,.,,, |v , resolutions •• ilmt the independence \,7 Tevns Wight to be acknowledged by the United States, whenever satisfactory inilorinatioii xlimilj h • re’ «*ived tli.it ii had in sin ressful operation civil p.»er„„.,.„,,c..p.d.le Of perlontitug ,I,. duties, and fulfilling the olihgalumsof independent [‘ewer ” This mark of interest i„ i|., ,v,j,. j,,. pc nil fire of lev,,, and indie.,... vicws u| Coiigu.,,. make „ pro,,, , l should, so new in,, Ill detail, present tin. c ms.,h i .lions that have . •verm-d : „• Everutive in con h.uing in oecu ,s t .. {rout,,! previously taken in ,1m contest bcl'aeen i he acknowledgment of a n> w State as iud, pwndcut, and entitled to a place in the f.inikv „f Jistions, is at all tunes auact of great delicacy'and responsibility ; but more eapecinllt so when such 8 a.e IUIS forcibly separated i.seifir,,,,, anode r, nl » ,.cl. it had torn,i d idejp.,1 part, and wind, \ p.e,nature rec» n«Wii, under these circumstances, if not looked wpon as justifiable cause of i, always liable «„ toe regarded as proof of an unfriendly one urtho COM.,.,„h„e parties. All ipieslious relative government of foreign nations, whether of the 1 or new world, liavo been treated by the U .T*? "* 'V'senions of fact only, and „„r 'prederex. i^.iumVi^T' aks'ai,,''d,V-'“ d''tidi“k upon ■msmn i ,h“’■*l'4r**1 evidence was in their pos Iv i>ur\ J M?r,|’ m,f on*y ««* Jocidt* correct but ,o shield .he r decision. |r>II11 every unw.ir. -niTuf,r«,,‘f .c,ls that have „ri. Lui;,. 7’,,f Fr-nc"> Spain out f»! * 4> i ° ir*’Wn* ol Portugal and “Sdom. i of ,V 'n:‘r- ..* d>'..e ■ ngUotns. «« of the Separatu,,, of die America,. JWWwomns of both from the European Govern •eeurr’ing :,lm’.rrous "'“J ««•«■«,|v rtca SO wi, l"se d"nVn'"" ,n Sfunid. An.e L, so Wisely must,tent with ogr just nnucinh-s mi7i’“ir'b* nu,!'1 cr:!;,-id rircuiustaiKi >, avoid “ -u«oU»rt.reJ noViuir . .■ . »iia< pivudred or • tiwnsivist Cslrangwtniut »i good n ill in thoaa against whom we lutve been, l.v form of evidence, compelled to decide. It has liras been made ktunXii lo the world that ' the uniform (miry aiiJ practice of lit** I n'te I Stan 1 i>, I i avoid all interlnreofe in disputes »bit Ii merely relate to (tic internalgevetminoit ol oilier tomans, and eventually to recognise lit# »n tboritv oi'tla jitevalling party without r faience lo ooi prcnHar inti rests and \ n wi, or to the men's of the ot igioal contros erss. Public opinion lien ‘ is >,» firmly t'st t|disl| ,l and well understood tit la* ( sot ttf this policr, llttf no *rtiaiii disagioi'iimni Ii is evt t mi ■ 11 among ourselves ill rt l.ition to n, | although brougbl under review m a variety <tl I form*, and at pet i >d« win olio minds ot : 1st peo j .pie vvete greatly escitt'd *• v the agitation of topic* j pelt iv diimt sti, in ilieir cl eacter, Nnr lias any ! tb liberate mqirirv ever been instituted m ( on grt-is, or in anv ol our legislative bodies, as to wbom it longed me power ol originally rt ogmsing a new Slab—a p.twet, l‘l» esrrciso of which is equivalent, under some circtimslancos. lo a dec* I Ifittinn of war—a power now here espressly dele eaitd, and unit granted in the lornitilttlioii, av it ii nice*.it. \ involved ill some of tin powers plv i o. i uiijrt ss , in dial i,.v n to if President and Senate In form treaties wilil foreign powers, * anti to appoint Minbaisadors ami oilier ptiblic nun* istt t« ; mid m lb.it miiteried upon llm Pn stdt fit ( to receive ministers (rout foreign nations. In the preamble to tie-resolution of llm llousi ; of Itepri sematives, it is dislimtlv intimated that the •■(petlmnt v ot recognising tin- I ndepeitdt'iice of Texas should be left to lilt derision ol foil gi-<s*i. in tliii view, on tin ground of expediency', J I am disponed to concur; a't'l do not. tlill elite, c insider it nei t inry lo express fitly opinion n» to tin- sfri■ t roiistituitoual ih'bl ot lilt I xetiilive, ■ 11liei apart bon) nr in conjunction with the Se ii.ilc. over tlit subject. It is to lie pn xomed that on n« Inline occasion will a depute .ins**, us mme hns heretofore mrurroJ, !i«*Ivv»*«?i» tfu* Lxei ijiiv• and Legislature, in the exercise ot the pnwn ol re cognition. 11 will always be considered cmixiv tent with tin spirit ol flit (’••iiititution, and n»**s| safe, that it should In exercised when probably leadi ig to war, wnh i previous inderstandiug with that hudv bv whom wot t an ale.nr he Jetlai fd, iiiui bv whom all the provisions f«»i sustaining! it* nerils must he lmiii*hed. Its submission to i i’ou.ross, which represents in one ol ils branches the £»mtes nt* this Union,\ iit iho oilier the IVoj le o| the United Stan *, v» here them may lie reason able ormind t » apprehend so grave a consequence, w ould ret i.1"11\ atlord the fullest sntista lion l>> our own country, aula pc.ilcrt guaranty to all j I other nations, ofhe justice* an I prudence ol the, measures which un*»llt be adopted. In making these suggestion*, it is not mv pur- 1 p.»«e to re lieve ni'self from the respotisihililv ot expressing u»\ own opinions ot thw course the in terests of our country prescribe, and it* hiitou i permit us tu follow. It is scarcely to bw imagined (hut a question of thw character could be presented, »n relation to which it would hi more difficult for ih t nited States to avoid elfi mug the fiivpicion and psilousy ol'other Powers, and maintain their e.stiihlt* o d chiiia> n-r lor for and iuquirtial dealing. Hut on tins, as on every li ving occasion, safety is to he ' found in a »*• -ul adhcri nee to principle. l l the contest between Spain and her revolted colonies W7 stood aloof, and waited nut only until the ability id the new States to protect themselves was fullv establish* J, hot until the dungei ol then hem . .mi subjugated had etitiiely parsed HWHV. I hi u, i id not till then, were they recognised. Such was out C"ii|N« in repaid to Mexico herself. Idle fame policy was observed ill all the disputes growing out el the si p.nation into distinct govern ments of those Spanish -Auiei icun States who be , an or cat a iud on the contest with llm parent coeu* ti y, united under one burn "f government. \\ v .ii novvltdped ihe sepei.ite independem « of New tin nada, oi \ eity.iiela, and of Lenador, uulv at tei tiieir imiep itJ. m existence was no linger a Mibmrl of dispute, oi was actually acquiesced in i * v those yy i: t * whom they had bee (previously uni ted It i» true that, vvi«h regaid tv Tex.».*, the ci v I authority of Mexico has been eipelled, its in ending army dele «ted, and tins Chief ot tin Re public. hinist ifcapl n .»rf, and ill! piescnt pouei to < ontrol the newly or ninized Govern.m it ut lex* a» aunilulaird within iis confine*. II t, on the otln I II Itul9 11 ii-1 * is, in appearance at least, ail immense dispat it v of physical force oo the side of Mexico. The Mex - in Republic, un h r another l Me ut i ve, is rally in g b* torces uieh r a new lea tier, and iiicn.w iug .1 oa sit ;;i\axiuu tv r, i ovei its' I lust dominion. Up iu the issue of this tlueatem 1 invasion llm; independence ot l ( xns may bn considered as s.tx 1 penile 1 ; and \yer». there mu »iti»» pecvili o io the relative situation »t tli • I'ni’ed Stales ami Texas, ' o tr acknowledgment ot its independence at such u crmis « on d *» .ircelv b« tegnrdi d its consistent I with Unit pruth-nt n iem with which we have heretotor*? held out-t Ives hound to treat all siui . I ir questions. Hut tltero an* circumstance* iu tho relations ot the two countries which require ox to Act, on this occasion, with even more than our wonted caution. lYxa* wax once claimed as a part ot mu propert y, and there are those among mir citizens who, always reluctant to abandon that claim, cannot but regard with .solicitude the pros p*M i.f the la -union of the territory to this country. V Inn;*' proportion n| its civilize.I mil..1,Hunts are riui.’i,nits leum tin* I'niled States ; spi ak the settle I tugu igf. *s itli nurse | yes ; die rich llie slum i rin ci j ties, polite .1 111.1 religions ; un.l .tie In uu.l tn ni.my nt mir o ii. in bs t •■* nt friendship .mil kindred l.lou.l ; an.I, ninri'tli.m all, it is known dial die People ol dial co.miry base mst.tule.l die same toi m nt gov cmnnicnl vv idi our on n ; aiuJ have, since dm rinse nt in.ii last session, openlv icsol Vi'd, on the n> kiioivlcilgiiii'lll by US nt their indr IM'nd.'llie, to SI. k isdiui .sit'll into die 1 1 111**11 as one of ill • I'cdernl States. This last cir ctltU'iuiicc is a matter wt peculiar delicacy, and lories ii|inii us considerations ol die grayest cli« r icier. 1 be title ut IVyi- to the tomtorv she , claims is identified yy ill* her i dependence J sin asks us to ai knoyy ledge that title to die tin ri'orv, w it h -m a vowe I design to treat i mined i it cl y of its transfer to the Unite I Slates, it becomes us to In ware I a too early inoy ruient, as it mi "lit sub ject iis, limvevvr unjustly, to dm imp'llatioti of syuMsiog to establish tiie claim of our m i„h!mrs to a , l" * i it hi v, with .* vioyv to its suby uucm acquisition l.y ourselves. Prudence, therefore, .*,' ms to die t *t** tii-it wo sii mid still stand ahiot, and t ..iintai:i our pr* sent attitu le, it not until Mexico itself, or one of die men fnoign Powers.sliall recognise die iudi'peuiieficu ol die new Governiiient, at least un til ti.e 1 ip*e ot time, or the course ol events, shall leiy. pray e.l, biy mill cavil ,r dispute, the ability of the 1‘copli: „| that enuotry to 111 Illl'.iiii dll'll separate sovereignty, and to uphold the Govern "lent constituted by diem. Neither of die con lending parties can justly complain of this course. iJv pursuing it, yvu air lull carrying mu tlu- long established policy of our Government —a police, yvltien has secun-d tons respect and influence a-1 broad, and iuspiri d confidence at home. Haying thus discharged my duty, by preseming y*iitl simplicity and diro. tuess the views which al ter much reflection, f have been led to lake of'tliis important subject, [ have only to add the expres »i*m of my eoufidi-ncu that, if Congress shall differ with me upon it, their judeuu-m wilt lie the result of dij|iaMi*mate, prudent, and wiso dnlilipraiion ; *viih tint assurance that, during the sltort time ! sliall continuo connected with the Government, l shall promptly and cordially unito with you m such measures as may bo deemed best fitted lif in crease die prosperity and perpetuate the p* uco of .un favored country. ANDREW JACKSON. V/ itiiixoT.'N, Dec. 21, 1636. I hi 'coding of tlu* in* **v.'S ha'-eg be".'* r • tlu.lud, Mr. HOW A KL> inured limt tiro •*•»!», with ilie m i' iipanyr p Uoi nineni*, tie rthri.dlu the Cniiinti: u t: on I* melgo Affdir*, mid that tiiey In' printed ; reliirli motion prevailed. Mi. Blil'.liS then itemd that 10,000 extra rnpin *f the ittrtxago and ihicuiiv Bi* lie primed Mi. I) .1 PEARCE iMfvrd V0,0O0, which ipreetl to. ■ •ri;im s i \ r LATE FROM f Mil- A\l>. rim packet ship Ml,.*, Id, Eupt. Allen, arrived from Liverpool, whence slm nailed on llie lltii of .Nm, nd>er. By this arr.val the ojilolt of the C.miliK M ial Advert tier have received their flier „r Luiel,in |ia| era to thn 10th of Nov , and Liver i. ,nl to ih ■ I 1 th, both inclusive. UREA "I BRITAIN TIIK MONEY MARKET -The presume il i-inoiHv market in London was i m ji ler i-,i to be vomeiv tit dniiiiiivlting. The Rank war discounting liberally all hnna file ro.nim iri.il lulls innn satisfactory security. The mite of tbosox .liant'e no longer olfereil indncemeoi lor the it .ortaliiin id" gold to tire l . V, ami hot little was 3owing to the continent. <* • th" whole, the at ion ,it business wav improving. PliovtstON*.—The rapid tnifv.. • in the price .fpr.iv sinus, »a, viewed with no small degree ol spprehemdon. Not only had the halved been de ficient, Imt dm w ember had I.. *oi ii ns greatly ,. interrupt tite ripening and proper housing of the aiiei iiiirvi st. Already worn shipniunti of grain ailed for to In i.I— which is ri versing the usual irder of things — a nil the laigt shipments dl brend .iiilfs to the Edited Slates, were increasing thn ap treliem I > I. Ii was lean I that on, ol the const— .equeie es would te a renewal o* the agitation tor . repeal ol the corn law s. I hul h o/ .1/ii. O' Cumuli.— The wife ol Ida lial O’Coltntdl, Hit d at l)i i iy u.t no, on the fl I st ol let.,In r. The IItililiu Mail, an opponent ol Mr. D’Eoiimdl in pulilic-s, speaks nl thn deceased as a ,.dt « Imve cli.n after, among tltoso at qiiainted w itli tet .pmhties, wa> that ol ip.-af exce leiice mid a niability. KR ANCE. M. Thiers had returnnil, post-haste, to Palis, t-oni Venice, where lie received a letter from the Trench capital, within three hours after the .mi ni ol whit h te was on the road. Oil his arrival It Paris he had a long interview with Marshal i ijcrntd, altt r who'if. m.ii si ml wailed open the] me'. j There was an ittempt at insurreriion, at Stras- j turg, on the 30th if October, which at first looked erious, but w ts soon put down. I lie ulTireis ol mm; regiite nts stationed there «ver • the art is in lie plot, hut the soldier* telnsed to join them, and •veu assisted ill their hi i est. Pi nice Louis Bona |>aitt—son. we believe, of Lucmti—was the prin 11, t 1 iiiovei in die attempt, lit was deceived by i eprese util I ions made to It i ill, to the ifleit that Ei.nice was weary of lit r king, ami that the name I Bonaparte would ensure fur it* owner a triumph utl in ittii upon the capital, and immediate proela mati a :i| snip: r«t lie was arrested, w ith almost ill the hot headed young men wil l wtirti enlisted io lev foolish scheme. Several other persons had lii-ot, arrested at Paris and other places, suspected t participation in the p1jt. It was known to lla I'liveriitiicnt, soveial mouth* before the explosion. On the same day tlt.it Louis Bonaparte in itle his nburtivu ain-nipl upon tlio garrison at Strnsborg, iinollicr etlort at mutiny Wa■ made .it V’ondnme, lit a . orparat hiiiI 20 privalt s, of the I hike ol Orleinis’ to;;intent ol liU/'/ars—supposed to have been a t ant i (ic a t toil of die plot at Slrasburg. ll failed ut tcrlv, and the movers were arrested. These event* excited vnmo uno-isincts at Paris, where they were looked wpun a* evidence of mischief t xlstine to a considerable extent among the soldie ry. A letter from Purls, in the London Times, da 11-. 1 Nov 7, announces the presence in that city of dm Duclti ssc tie fat. Lou, mother of Louis Bona parte, and tii.it situ had had »nme inteiviews with l -unit M • It—no doubt ronprctini? tlw imprison* nifiit jikI luu of hrr uuwnr soil. SPAIN. 'rin* iiuidliipnicu Iroin Spain, coining down to t »»■ 1st Nov. iron* Madrid, mvl to tlio ttrd from llilhon, is morr <i1ifaVuntblt* to flit* queen’* can t* titan nnv \v** it.if** ivci*»ve«I tnr numili* I lit* i aili t general Goitit'/, instead of being defeated amt compoll* I to lly, was at the beminfau in ri eased for* **, and emit muing his lriumpliant m.'ireh ( through tho kingdom, unchecked by any nl I he 1 c>• i«*« *u\ generals. Hu posseisvd himself ol the town of .Alma leit, in La Muicha, famou> for s mm* < of quicksilvi i, on tin* * fill ol Oi l., although it was st.anlv defended by a gnrrivun of nuarlv VKK). Some at'ountt say that Guinez destroyed llm woiks at ilir mines ; an 1 if lids is true, it is a heavy blow to the goveimnenf, which derives a large revenue troni llie r products. T in news was leceived at .Madrid on tin: .iOth, and produced gn at alai in. The (\trlist* were vigorously besieging Milhua, i ami the queen's gener.d Esj arlem bad net bet n 1 »<hi* , either to raise tbe srige, oi effect an entrance , into tbe place. I in? etlorts ol the beseigt ii were relaxed, however, on the approach of Esparto ro. Altei ln» capture* ol Vlnnuleii, Gomez marched ( in the diretinm ol Truxitlo, in Estramuduni, on j tbe high road from Madrid to Lisbon. SVVlTZEKLAM). l’rie dispute with Fiai.ee *< rms to have lost all i iti rest ami importance, in ill eyes of the Eng 1 sii and Fiench journals. It whs confidently ex pei ted lii.tt the result ol tho discussions in the ex troordinarv Diet, would be an answer to the duke * I * • Montebello which should be perfectly satisfac tory to France, and that be conchtsum would be adopted and enforced. The attempt of Louis i ILniaparie, at Stiasburg, iv«n supposed to have in creased the probability of tins result, as it was ve il w ell undeistood that sundry political refugees in , Swi /.eil tnd were concerned in it. M \ KELTS C\ nespon.lt net of the X. 1 . Jour, of Commerce. Livkupgol. 5ili November, 1836. Oar last circular was dated 25th ulto. a few daw* subsequently to which out Cotton market further declined \ per lb., ami has *ontimie l very dull at tins reduction. Tlie only exception is the fair and good qualities, which line been rather more saleable in small quantities, while the low and or dinary d»-sci'upturns are quite neglected, am) must bo Considered nominal in value, or neatly »o.«— I lie statu «> 1 tho inonev market continues to ope Iate va ry unfavorably on Trade, both hero and at M uiciiester. i’iiis day’s business is estimated at about 1500 bales. The impoit has been light this week, and the supply into this port jonce 1st January amounts h* 00^,000 halts against $i; 1,000 to the same pe riod last year ; in the stippfy from llio Unite*! States, the increase is 13,000 bates. Tin* stock in i us port i* estimated it ^{0,000 against •30,000 at same period last year ; th«* stock of American is cbont 1 *10,000, Or 10,000 less than it then was. THE COIGN MARKETS Ii.ivc adviinrrd materially, and Handed Wheat i, l,i ls6d per 70 las. hielirr. Considerable salt', huso been mad. •In. last few data at 6s id a 7s per 70 Hi., on spt • culal.mi, which Ita. suspended khipincitts lo >lu. I ailed blales lor the |nisent, and aomv intended fnr llial destination, ha, been resold. Tlirro i. a limited demand for Tobacco, with out changa i i prices. Monday, 71Is Nov.—The sales rf Cotton to-day have bciii .bout 2000 hales, chiefly American, a hov. the value of 9Jd. Tho low qualities nra ex cessively du!!. The corn markets continue rather !u advance. , Nov. 10th.—Tho sains for the ttvo lust dassu ntoue' 'a jhon' WX1 bah*> T Ue market corpiittn • a ,tt. L 1 ‘.Vdlll I it « B *Jlf fl I.VI.fA*. Monday. January 2. 1837. r. \ NklN'j CAPITAL. I i romniitive to which dm iiibjpct of incrmning tin Hanking C’rf|.if.it ol die Si«« whs refi rrod, in.iy im oiprcU'iJ to rr*|»c»rl in n few il.iy*. The con uiitfT li.i. iilojili cl resolurinin, nr.itly uiMiii'itoiii i iy, ill f.ivor ol Iii(Ji‘p.*iiilent at Hichinom], l.vticliburt', I’etombtire and Norfolk ; and, “ to avoid tin- ilifTlCllllb'. |i|i >ioitod at llm la-1 V'<«iotl, |,v bb'tidiog llm %evn il .ijijilicattoo., it lias aho been rotoivud to report distinct Dill., for each lo cation.” Tlic committee has also decided that it ■ i* expedient to augment lb* capital of the present B ink*, the increase to he distributed principally a- , moiijr tie* existing branches, and at inch other ; points of hu rt ion as may he designated* The decision) of the committee, as our read- j * rs are an are, an* not always indicative ol tin* v lew * of the* Legislature -—and hence, we are re t authoi izud, from tin* existing »tate of this question, j in tor hi any decisive opinion a» to its ultimate fit**. | There seems to la* a di cid* d hostility in \ irgiuia, 1 amounting alumst to a prejudice, against the mill- j tipln ation of B ink ug iintiiutiom—tnd,to a cer- | t lid extent, it is founded in justice and reason. j \V»* should not only guard against nrcssirr issue* i of p iper money, hut likewis** against tin* imneces- j >»uiy augmentation of the uumber ol moneyed cor- , porntbrns. But we should, at tin* same time, fur- ; uish the facilities which exiu*rienc«f and observa tion concur in showing to be necessary to the Juil development *d our Slat* resources—and, in do- j ing ti.i», we should lie Can fid, in iVoidiug til*’ tin- ; nccessnry m dfplic at ion o| Bulking institutions,* to be equally careful that we d-> nut concentrate ! ton much power in the sam* hands hv an injinli- j clous limitation of tlmir number. and that we so distribute these facilities as that the commerce and j trade of ore section ol the Siu't* shall not he thiown entirely •” die keeping and nt the mercy ol another section. So far >•- Lynchburg is con- t ci iiied, we cuncoivo oui'selv .’n j istifo d in xa\ing, i that, although lier rilixcns are desirous t)l an in ert use ot Banking capital, thev an* still more desi rous that this augmented capital -Imuld he divor ced from foreign inumigenwnt, and placed under their own control. And the rra*u0 of this would be obvious to any one sit all t >m\t*i sum with the character of our commercial operations, and our peculiar connection with the Kkhmond market, even had not past experience cotirvinied us that it is essential to run prosperity as a community. And surely when these circumstances are* considered, in connection with the* extent and importance of our commercial operations, " ilh the vast improve ments which promise to enlarger them in a few ■ years to an extent which we aru row unable to estimate, nnd w ilh the profits upon the B inking ! capital herutotWo ami now ernpl iy* 1 in this place, the L» ei> • urw will not for a moment hesitate to concede, that, if any town in F.astern Virginia, other ’.' an the Metropolis, i\ ciiliih cl 11* an Indr nr tide lit Bank, that town is Lvnchbui TIIK SURPLUS. Tim appropriation «*! that portion of tin* Sur plus Rc \* nuc whirl* will acnue to Virginia, will in a few days, hi* brought lorwird lui disco.sion m tlm Legistatuir. \V uilc we admit th.it it should ] hit regarded a* a drposite, which Virginia should j hold herself bound to ref my w hr im ver it may bo | called for, we n v* M heirs* believe that no fleet s miv lur it*. ri paytiM 1.1 will ever occur, and that, cujisetioetitly, it will imvt r be reclaimed. Hence, ; while wo would so appi'oju!.ttt- it t* that the pro- , lifi <»t its invr it nieiit will always enable the State I to pay the intci rst on a Ioaii of like amount, should \lm be called on i » r< turn it to tlm Federal irea- , Mil \, we would also look to the general and per manent utility ot the object or objects which may he presented lor consideration by their respective advocates. It it be loaned to tin Ranks, at ail in terest of5 ner centum, it is evident that the pro fit* of such an investment will he too small to ef fort any ery great hem-tit in p ishing foiwar l the internal improvemenis of the Stale. The sinio 1 remark is applicable to the scheme of making it the basis of a pur* lv State Hunk, to which there j are als > other formidable objections. Looking at the great, solid and general interests of the j State, we think there can ho but one opinion as j to tho policy of appropriating it entirely to the ; purpose's of internal impruvtmrnt—and that, in stead of being frittered away on a variety of local schemer, the p 'Stponemeni of which can operate? no serious evil, it should he exclusively employed in the construction of a Rail (toad from the Ten nrsMu- line to some f nini 10 connection with Janies River, which cannot he much longer delay eel w ith out material, perhaps irremediable* injurs. Thus employed, who can doubt that the profits will he much greater than if the same amount of capital were loaned to the- Banks or converted into Batik stock I That link of the great Rail Rond line Irom Boston to New Orleans completed, on State account, the beneficial efli ct* would be felt i/i s/anter, m>t only in those sections of the Common wealth more immediately interested in its construc tion, hut in all its borders—first, by constituting a fund upon which other woiks, both of a physical Al literary character, might continually draw, until the naturnl advantages and intellectual power of the State are fully brought into action— md then w source of revenue, forever Titrrrw ards, which will blot every tax-law front our statute hook. The Legislature holds in its hands the means of retard ing tin? downwar d pi ogress of the Old Dominion, and indeed of giving a spur to her latent energie* w hich may throw her again in the van of her sister Coiuniotovealth*—It is for them to say, w hether bv m judicious application of these moans, regardless of sectional interests, personal popularity or polit ical demagogue ism, they will strike a decisive blow' for tho regeneration of Virginia, and earn tor tliemselvoithe proud title of public benefactors; or whether, inadequate t6 the occasion, under tho influetfee of one or more of these unworthy mo tives, they will, b_- timorous and sectional le gULBoe, t in to »v» r» the nigh re*di tie* that reft upon tlieir #htinder», and diip*», . the j j»t e*petieti'<n», not only of their o*ron | itituvntt, but of the people of other State^ltw are di mply intertilled in thv inecei* of tl»* miif icent iclirmr of interna! imfiroVcment to whi%e have adverted—running, like » belt. front.,,. Nortbeaatern to our Soiuhenitern fronlier, g liri'iginj Bunker'* HU! alnioit within Imil of N Orlean* f I FUTURE SURPLUSES. Tim fl#»hntn in tin* Scnitc on thft proposition oi Mr. Cnlhoun to rxinn#! tin.* clppcnitfl principle «l fhr act of lfift Hfssion dividing lli#» Stirplnt I?#*vr- 1 vjp among fh#» State* is deeply important, ami w<* , llicrefor#' copy if at length# He have no idea,how ever,that the proportion will he suciessftii those ^ adverse tu such a meas ire 11 *in;» the proin»d, ts they j did last winter, that there will Uotto surpl.s totlivi h*. j It wmild si'ein to us that ii is si v ilVi ient answer r.) di * isjitmptioii, ihat, if there should he no sur plus, ther*; cau ho no division, and the law would he consequently nugatory *, whereas, if the vatici- [ nations “t tlieso orators should prove as untrue in { 1837 a* they did in 1836, ilui only question to be | derided is, ivlietlier the surplus slmll be again di- 1 vidcil, or remain idle in llie deposito b inks—-n | question ivliicti admit, ol but uno answer. ,Mi. Rive*’* course on this lubjert is somewhat singular—and hi* argument, not less *n. \V e j have no room, however, this morning, to com-j itient upon ihem. I the treasury order. A I iiitercsiiiiu debate is now going on in the 1 Senate, on Mr. Ewing’s resolution, nmdonmatory | of the famous Treasury Order. Messrs. Ewing, ! Critiende i, am! \\ elist* r, in favor, and Messrs Benton, Nih s ami Rives, in opposition to the resolution, have alreailv addressed llie Senate — the latter gentleman oiler1114 .1 suhstituto tor Mr. Ewing’s insolation, whirdi will be found in the Congressional proceedings. \\ e shall hereafter publish a speech or two, on r;vh side, so as fullV to possess our reader el the argument* pro and con. We confess wo are snrpi.ix al at Mr. Rives s course. I-1 uni what we hear I ol his conversa tion* last summer, we were prepared to see him take decisive ground . gain l »In' Iie isnry Oi der. It wo were not uiisiiilernieil, or it he was notgiosdv misunderstood, he expressed the un qualified opinion that that Older w.,x i7/rp#/, and the belief that it w as iinctinslitn/hi,nil likewise.— Whv, then, does he now hesitate to say so ! Why shift his sails to suit the breeze ? 07“ I t is slid that Mr. Rives, in his late speerh on 1)1 • Treasury Order, again assailed Mr. Bi ntoii’s humbug of an exclusive metallic curn ur\, as utterly im|•r.iclii able. Did nut Mr. Rives himself broarh this very scheme, w hich lie now ridicules, in his lamoiis sprerli uu the Ri nmval of the Deposito*? 11 it was pract cable then, whv is it nut so now I Is ho envimn of the laurels won bv 11 the diniiignislied Senator from Mississippi,” ( u he styles liiie,) in ibis gold mi sade ? WASHINGTON GOSSIP, .V The corps of Idler writers .11 Washing are till ing tlio newspapers with rumors of what is and wiiul is to he. The President** health is said by some of them , to be improving, while others represent him as having almost entirely ibstractcd Ini mind from the contemplation of worldly allYus, talking of nothin" but the Hermitage, where in* is anxious to spend his last hours, and ti e grave, to the verge of which he senus s» risible of his rapid approach. The formation of the new Cabinet is the subject of much and contra lic'ory speculation M U»ve* will doubtless be Secretary of State il he will liave tho office—»od beyond this, we im tgi »*, nothing is know n, except tint Kmidall will i*-* ivtai n *l »s Postni'istf r Grin r 1!. Tim correspondent of me \ J*» irn.il of , Common*? states tint “ there \» imuii chagrin among the suppoiter* ot the ad nmisti <iti*»ti at the miw iliioi»m»!W ot Mr. \ an Buren 10 be ail* . . I rise#/, ur rattier instnnUily a* to the policy of hi* future government.” On the taint? authority we are told that \ an Buren is determined not to he guided tn party motive*, either in hi* appoint* ment* t > ofliee, or in tin? great measure* of his administration—tint he will endeavor to recruit from the Whigs, particularly from the Southern Whist, in which quarter, lit? is aware, strong auspicious ol his integrity and sincerity art* enter tained, which he is anxious it* allay. Tin* letter writer, in confirmation ot these an Hits, says— 44 In a conversation the other day in tin.* mansion of the President, ho (Nan Buren) said, with un common emphasis, the South si.all he convinced of my orthodoxy tin the subject ot slavery. 1 will make it the great end ami principle of mv whole administration—hut I will accomplish it.” It he dot s this ; it he piove himsell a friend to the rights ot the South,—which is all that the South nsks of Jiim or any olhrtr man or set of met.,—and, if instead ol being a party President, he aims at the noblei ambition ot being the Chief Magistrate of the nation, he will neutralize much of the oppo sition which the in inner ot hi* election, indepen dent of objections to himself, is calculated to keep alive. By such a course, he w ill disappoint thou sands who supported him, 44 for the loaves and fishes,’ as well as thousands who opposed iiim becausL* they presumed he would a Hie re to this odious 44 Spoils ’ doctrine. For one, wo shall 44 judge the tree by its fruits.” 1 h»? same letter-writer, above quoted, says, 44 Mr. Hives, is, ot all the Southern men I have ever know n, least sensitive on the subject of slave ry—and perhaps is the most judicious statesman on that subject in th • whole South. He is, in deed, so 11«' as f can judge, from occasional con versations, more of an Abolitionist than Mr. N «iu Buren,’ &r. Ibis writer has doubtless heard Mr. Rives express tin opinion in favor of Abolition, by the States concerned, whenever, in their opinion, the time shall be ripe for it. But he can hardly design it to be understood that Mr. Rives is, in the slightest degree, an Abolitionist, in the 'l appan sense of that term. Mr. Rives was ! a State Abolitionist, some years a*jo, when the subject was agitated in our Legislature—though | there in no certainty that he goes as far as tbut at this time. \Vc know many who now view Slave- * ry in a light very different from that in which thev * " ’ • 1 1 »t — 4 .i:.,' —. Gnrriinu A r . *-,•••* made thousand* of converts to tt*r“VoW par*du, sf Gov. McDuffie, that a servile clots it essentia to the perpetuity of free institutions. It i« said liiat Mr. Van Btiren is shortly to ^ married to a fair daughter of the Old Dominion^ ind, what i* belter, ati orthodox Whig! The i4 dy’* name it not mentioned—though it is said ,|IF has heretofore, in vulgar parlanrr, “ kicktii" \|r V. B. tl.rieor four limes. She marries the Prt. iident% not Van Boren. I lie commmiT appointed Ijy Congress ic tn_ ire into the circumstances connected with t!,( e by which the Patent and Post Offices «ft( ^sttmed, will, it is said, report that the fire *\|ental, "r rather the result of negligence... TKerllar which was under the hniljir.g, n|W[( •he y « a t first discovered, i< used as a *t,„p, 11,01 A<r the o oo l consumed in the different oft. ce«, an.Wil) nearly filled with hickory and mC wood at (|,B t ime of the conflagration ; aniit slrsiigo to ,v, tlie lisa ashes which accumulate ia the (fates, iri. deposited in the same place ! Tho inference j( j,at the fire was thus communicated •hough Jie fact that it loek place immediately af. ter the aihptiun of Mr. Wise’s resolution propoi, mg an en<pjry into the con dition of the !fvrriv Departments |,ad excited strong suspicion t|u! some one interested in concealing certain fact had applied tin* torch. TEXAS. The Message of the President in relation to ft. acknowledgment of Texian Independence ,*nj the policy ofannexing it to tlni l’. Stat. x, m,jPr oxicti.ip rirromstaoees.—to both of w birb ;snj. posed,—will surprise the community. |, |r|(j been universally supposed 11 litt Don. Jarkson would eagrrlv seize any plausible pretext to annex Texas to the Union, as the “ crowning act „f administration." Rut he lakes derisive grumij gainst sue i a step, coinciding in the views „f(' . McDuffie, that any interference, on tlie paitofth™ U. States government, at this lime, would be jt. expi-dient in itself, as well as give a color "f i,\»u sihility to injurious imtitttatioi.s upon our nioiises Pm ourselves, we helieve that the I’resident’, course i: ill consonance with the somnirjt |,rin;;. pies of wisdom and justice. When Texas rJi.iil have tstablishctl her independeiire, it u,fl time enon di for us to art upon the subject. Wf,.,,. ever may he our sy’uipnihies and wishes, the, sliutil 1 not induce us to adopt any xy stem of polio 'vlticli would subject us to the suspicion of inu: estetl inctives. MEXICO &. TEXAS. Th.' news of tlie release of Santa Ana bi t'i» Texian authorities is fully confirmed. ||,..»., >t Pi iqu« nine, on tin: Mississippi, on the lt'iim, on liis way lt> Washington. In the meantime, (ion. Bi avo at (lie lie. il n h<M) .Mexicans, i« about to re-invade Tosi.i;iini it will, in our opinion, ma tonally depend upon hi surress or failure, whet la r ti.o govrri merit . Mix;co will abije by the arrsngrnuuit* entered tu by its captive chief with Gee. Hnustou. If lira v‘> slioul I overthrow the Tetiun*, din «,|| , tomse refuse to recognize the uuWp. iidi-mr .1 the re-coni|oortr.l provinci—If, on the other hl".l Bravo should be dofeated, mi l ih. M.-xi. nit au expelled, it is more t.'iun probable tluit Mesirn »J bet sell see the lii prlim m of any (ntme if, u i, subdue the Texiars, and will lalilv S» n: engagements. Biavn’s prm lanmlion is I. l.| noiigii, as fur as tcordt go. We shall liereafi. r im wliether his ditdt justify In* l»>usii.."x, ! GEN. SCO I'T.—The Milu.ni C.nirl nf I qoirv on die conduct of this officer Ins udjaiawsl till the -till inst. to await the arrival of other wit* nesses. As far as the proceedings ef the (aunt have been reported, (for which we regret linn »s It.nenot mom,) they are drarlv favorable to lie. Scot!. 1 he tcstiai inv ot Gen. Clinch tlinntwiil the blnme of llio discomfiture in Klurida upon He late Si . rei irv ot \\ .ir, (lien. Ca-s,) whose ineffi cirut man ig.-ment of that Depirlmcnt is pruni king “ curses, loud and deep” enough to rntli him at the Court of Paris. No ni.ui ever urcu* pied a more exalted position than Gen. C.m bu done : hut we are much mistaken in tin- signs ut the times, if-anv one has ever experienced a mm* rapid declension of popnl.u in than awaits I hat (* • tleman. Hi.ht of Instruction.— It will In; seen, by tin Legislative proceed lugs, tli.it the great bell-well' er of tlm “Democratic” (lock lias bronchi in Report and Resolution*, in replv to Mr. L*‘tgh letter of resignation. Wo hope no effort will b made to prevent tl'eir passage. There is rooto •' tiongh in the world for them—and we doubt «lto’ er they will do any more harm titan Uncle i by'.* fly. Cy* The Abolition Question was again brought op be lore Congress on Mnndav last, Mr. A danti presenting a petition from a few fanatics at l,f,,lv sylvanin, praying for the abolition of slavery at" the slave trade in the District of Colombia- I<",! laid on the table—ayes 11G, navs 36. Lewis Tappan, brother of Arthur, gi':< notice in the “ Emancipator,” that seventy ap'1'1* have been appointed to labor in the free States, timing the ensuing year, and culls upon tltc ft111' tics for funds to feed and clothe them. \\ hv d1’ they not send their agents smith of the Potoei" Do they expect to convert tiie lu allien by |irt'at ing in Christendom T Such was not the condu*1 of St. Paul. He assailed paganism ill Atbe|ll,n* Rome ! (t^ Henry Clay has been re-elected t» 'I* Slates Seuatu hy thu Legislature of Kcn,lic^' I or Mr. Clay 76 votes ; for Janies Guthrie^' Oy Robert Strange (V. B.) has been elected U. S. Senator hy tin Legislature of North C.U1' lina, from tlto 4th of March next. For Strang0 86, for John Owen (Whig) 82, scattering U ay Rev. Oliver C. Comstock lias been Chaplain to thu House of Representatives onl . 3d ballot, receiving 103 votes against 100, di'df among several competitors. 0y We will, if possible, publish in out p,J the proceedings of the Jamas River and Kai“*". Company, at itt late annnal meeting. ^ " ui-r Direnerv .vat tiuinimOu dy rv elected