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DEVOTED TO SOUTHERN RIGHTS, DEMOCRACY, NEWS, LITERATURE, SCIENCE AND THE ARTS. JAS. S. G. RICINARDSON, Editor. TERMS-Two D@Ilar Per saa WIl. 3. FRANCIS, Proprietor. * I Advance. - vo IV. SUMTERVILLE, S. C. AUGUST 2S, 18 O. NO. 'roo Dollars in advance, Two Dollars and Fifty-cents at the expiration of six gnonths, or Three Dollars at the end of the year. No paper discontinued until all arreara ges are paid, unless at the option of the Proprietor. ,.j.O4 Advertis'nents inserted at 75 ets. .square, (14 lines or less,) for the first and'half that sum for each subsequent insertion. 0~rThe number of insertions to be niark ed on all Advertisements or they will he published until ordered to be discontinued, and charged accordingly. O-One Dollar per square for a single insertion. Quarterly and Morthly Adver tisernents will be charged the sane as a single risertion, and semi-monthly thn same as new ones. All Obituary Notices 'exceeding six lines, and Communications recommending Candidates for public offices or trust-or puffg Exhibitions, will be charged as Advertisements. '12*All letters by mail must be paid to insure punctual attendance. 03*Rev. FinEDEtIICK Rusu, is a travelling Agent for this paper, and is authorized to raceive subscriptions and receipt for tie same. Wanbicates. Tine Fricnds of M.n. A. C. SPAIN, beg leave to annotute hmim as Candidate to represent ts it tihe next I.eg )LMANYVOTERS. We beg Leave to naliaouasee F.1-. . KENNEDY Esq., as a Candidatie for die next Legislature. MANY VOTERS. .A -df a t F r e!J irlature'av the nex't Elec tion. May 15, 1850 29 tf 0"rTtae friends of Capt. LAWRENCE II. BEI.SEl, heg lvove to anniounco hin as a Candidate for the L.egis lature, at tihe ensuing Election. April 24. 26 tf FOR SHERIFF. tr Tine fricauds of A. It. Bad ham, Esq., announce Ithim an a enndiduaLe for the office of Sltorifr tt the next lec~ion. March 29th, 1849, 2-1d :^-W e arC auiutliorized to announce MALLY BROGDON, Esq. a Candidate for the Office of Sherifl'of Sum. er District, at tihe next Elect ion. 1 V-W e are auitlhorized to announce Col. JOIVN C. R[IAIMlE, a can didate for the oflice of SherifT, at the ensu ing Election. The Friends of Richard B. BROWN, announce Iiim as a Candi date for the Office of Sheriff of Suniter District at the ensuing Election. -rWe are authorized to announce Maj. IOHN BALLARD, as a candidate fo SltcritT at the ensuing election. The friends of W illin A. COLCLOUGII, Esq., announce him as a :atididate for Shmeriff' at the next Election. FOR CLERK. & We are authorized to announce Mr. J(.llN 0. D)URANTl as a candidate for the cflice of Clerk~ rf thue Couri at thte ensuing election. Weare atuthorized to a candeidato for the oflice of Clerk at thme ensninig elect ion. FOR TAX COLLECTIOR. re-We are authorized to announce JOHN WV DARGAN, a candi date for T1ax Collector, for Claremtont County, at thme next Election. (r' We .are autthorizedl to announice ALEXANDRR WATTS, Esq. as a Candidate for Tax Collector, of Clare mont county at the ensuing Election, MANY FRIENDS$. Brown, Lee & Co., Agents for the .XALE qf.SALUDA MAN UFA CTURIN(. CO.'S 000I1>$ and Yarns. .Junte 5 22 tf -A. F. Allen, PLIASTERER AND) BRICKLAYER, - Having had considerable experience in tthe above litne of bttsitness, respect ~,:fully solicits a share of theo patron afre of t ptublic. All iohs enttrust. ed to hmiim, will be executed witht neatness amnd dli~1patch, and warranted to give satis. factin. Plastering' tinishmed itt sutperior sty'le. June 1I 3 tf On Hand by HitOWN, LEE & CO. 300 IJUSIIELS of RICE. pnrt onnded ardl art rough. DEFENVCE OF TIlE BANK OF THE STATE,. LETTEIt IX. Defence f thc Bank continued. Is it sound? Solvent! To enable you to deide understand ingly on the issue, "whether the Bank shall be destroyed or preserved," one material, the most material point of in quiry is: What is its condition? Is it sound? Is it able to pay off till its liu bilities ar d to make good to the State all the funds she has put in it for its capi. tal? If the Bank is not able to do this, then it has been a losing concern and it will not deserve the favor of the people. The enemies of the Bank were fully sensible of the great advantage they would derive in their warfare against it, from creating an impressioi unfavora. ble to the soundnessof the iBanl. They began early to make ini(6untions against its ability to meet it liAbilities, and make good its capital; and from in. sinuattions they proceeded to make ol)en charges, in the hope, and with the de sign of destroying your confidence and support of the Iustitution. These charges, while confined to an. onymous and irrespoisible authors, were left to themselves. But when they are taken up and adopted by one who is a member of the Legislature and is the organ of its finances in the House of Representatives, the matter ja greatly changed and requires more" attention. In two elaborate speeches of Mr. Mem. minger, made in the House in 1848, which lie has since written out, had printed and circulated alboover the State, these charges are stated with great par. tieilarity and detail; the assets are re viewed under the heads they are clis. sed in the accounts of the Bank, and they are condemned to greater or less, but to some loss, in each and every one, which in the aggregate of loss is set down, at four hundred thousand dollarm and to thfi hattldds thayalmost certain , Oft least one-sixth more .f what remains of those assets, which would be, on 85,500,000 of remaining assets. up. wards of $900,000. This startling summary you will ftind on page 31 of his pamliphilet speeches. Now when such statements were adopted by the head of the Financial Committee of the House, and uttere: al most officially, well might they startle and alarm men. They were not only set forth with gravity and urged with earnestness, but the orator did not dis dain to embellish the argument with in. sinuations and inuendoes, that gave to the seriousness of the charges the zest of gossip. If it be true that the Bank is riot sound; that its assets are not good; that it is unable to meet and pay oif all its obligations, to-wit: its circtilation or batik bills; its deposits-all it owes iii every way and then to return back to the State all the capital or money put in the Bank by the State, of course what Mr. Alemminger and his partisans as serted is true, to the extent of the defici ency! But if, on the other hand, there are such proofs as ought to satisfy rea sonable minds that lie is mistaken, his charges fall to the ground, and lie stands before you as a party and witnesp, nak - ing an accusation refuted. I propose, in this number, to state his charges, al. ways as nearly as I ean, in his wordls, aind then to introdutce my witnesses aga inst them; and the witnesses I shall chiefly rely on are Ihis own friegds-l mean party friends-ant i-Bank men, honorable men, who have not inditulged either fancy favoritism or ill -feeling in their statements, but have emt bodlied and given their judgment'frotm actual, and long, atnd most deliberate examinat ion. I mean the Investigati ng Commnittee of the last year. Before I take op these charges, and the aniswers in detail, let mue recall to ycur memory some historical facts in r~lat ion to this Batik and these inivesti, gations into its afliris. Original Ily no stuch examtintioins of the Bank were: ever had. From 1812 to 1820 no Com. mittees were app)ointed. In 1820 a Committee was raisedl, it is bel ieved, at the instance of Presidenit Elliot. I itt in 1828, i. Elliott. in the Ansnual lle p~ort to the Legislature, asked for thse appointment, ''at each sessiont, of a Joint C'mmitteo to inspect the books, and ex amino the operations of the Baunk."' The law of 1824 was passed ini accord ance for a bieninial Commitittee. So far from seeking conceal ment, the Batik iii vited exatmination, In i'46( thme hoard recalled this faet to the ILegislature. tind askedI for ain extension of the mieasure, by the appointment of an annual exam ination. In 1847 1 did the same thinig ~to the Examnininig Committee. Al these facts you will find in the Hank Compilation, at pages 322, '401, anid 505. This Bank and its managers, se far from seeking concealmenit of their operations, or of the trtue condition ol the Bank, have themselves originated and ulrged all the mnvestigations thtt have been made; and have urged the having them more freqtuent &itd more -se ;,hng But this is not all-in December, 1848, when Mr. Atemminger thundered fbrth hisjgnunciations, and proclaimed the rotteffess and frauds which he inti mated by open charge, or dark insinua tion, the friends of the Bank showed no sense of guilt, nor any desire to screen guilt, if it existed. Onl the contrary, in the full consciousness of innocence and in the earnest desire for an opportunity to meet, face to face, accusers and wit nesses, one or them, Mr. McAlily, of Chester, offered a series of Rlesolutions as early as the 4th December, 1848, (sceo Journals 82-3,) which, reciting these charges and impitations, and de claring the importance to tle public of ascertaining their "truth or fulsity," proposed the raising a Joint Committee by ballot, to investigate every thingrela ting to the Bank and these charges giving to this Committee full power to send for persons and papers, administer oaths, and search to the bottom every charge made or insinua ed. These re. solutions were never adVoeated or coun. teianced by the opposition, and when the resolution, to nppoit a Committee to examiie and report on the condition of the Bank, came ip, on the 18th Docem ber, (Journals 100,) Mr. Henrv, of Spartanburg, renewed the proposition in a new form, as an amendment, which lie offired in the following words, viz: "W hieb Conmittee shall consist eni, tirely of Anti-iank men, whoshall hav/e authority to send for persons and papers, and take testimony on oath." This amendment was, pn the motion of an A nti -llank man liaid on the table -NIr. Mlernminger, and Aery man of the party, with three or four exceptions, voting so to dispose of it. The Committees were fiially ordered and appointed, and werE4empowe red to send fbr persons and papers, to adminis ter onths. and to examine witnesses; aid that they might have no cause for slur 4ring over their work, and notsifling the 4cdiioin of the #k to th hottom, they. wbre givn ntlisyted time to ten cents a mile travelling expenses, and three dollars a day while so em. ployed. Was there any flinching here? The main Committee was fbr the Mother Bank. On it were five nm bers. four were taken from the Anti. Bank ranks and one only from its friends. At Columbia, one was a friend, one took no part, and three were An ti Bank. At Camden, the majority were frieids of the Bank. Biut it was an the Charleston Com. miittee time most depended. They were to prove or disprove Mr. Memminger's charges aind insinuations.---On that Committee were mien ofclear heads and high honor. The majority were oppo. sed to th 1lunk, bitt most of lt-mI were capable of their work, and understool, not only their duties, but felt the great responsibility under which they acted. They gave no evidence of pa rt ial itv. or lenning to the laik-their praise-s of it were sparintly dealt forth-thir cen suires, I think, too freelv. No one ca;n read that Report Wiid not see that it yields nothing to the Bank, bit what is forced by a sense of justice, and by con. victiois arisinfg from irresistible evi. dence on minds too jist and too honora. ble to deny their convictions, blt by no0 meanis so liheral of their admissions, as to fall inlto tlie slightest weak ness or fa vour to the Instittition or its Mianagers. Eve-ry thing, thnere fore, whIiichm they adi imiit or stamie rimvorabIle to time Ilamik, i the nmore to be relied oni-it is thme testi iminiy oir rauthier thme debberaete decisiin of judimges tamkemi fiomi the rntks of i ts ad( ve' rsua ries, giveni oni ev idence coillected, uintl mnodoubt wams left on theuir mindims. Let is no0w compla re the clhairges of .\f r. enuniinge', mmnmd we ighI is evi dlenmc' ini thin-r suppeori, with thati of tis Coint iiit tee of his own paliirt y friesnd <, and I will imbide thei decisioni for iIthmmiak. Thaimt there imiay hr. noi miistmke m1 wrongm~ dbone( Alhr. Afeniniiiger ini this t-ial, I wvill quote below the suuinmiii ,i of' his chaiirges as to the unmsounmd ness of lie llanmk , ire is owmi words, thle w hoir piassaige. Taiking upi the coimiitioni e the~ luiak, lie sayvs ini pamge :t0: '"Thr pm-aetica1 quest ion is: Whamt is the coni di tion of the llan k now. andim whiere is ill thiis money whieb its fieinds atli rm tham it has mtade for the State?"~ &c. (him the iiext piage lie goes oim: " \\'hatever iimney it has for thme benefim of time Smate, imust be set foith in thme anuail state imieint whtiebm it rendelrs to uis of its coin. di tiomn. Let us timk e upj the Conet (1l1 O)ctobier, 1 8. A,) rendered to its at thme pr-eent sessiomi. I by t his statem ment i appeairs thait it owe's $5,s t2,Ii2t, aiml hams a ssm-ts to thle amtioutii of $5,8 12 ,000 ly its own showing, thmere fore, all it him for- lie State, as thle resuilt of its opera n tieonis to thle mend of the vent, is $ I00t,000 whlich is carried to the credlit of the Siink inig F-inil. Thliis is the whole su r pilums beyond its liaiiliies evene aV~iissum ing thamt every dollar of its assets is per fecthy good. Blut is suich a thing possi bile, its that so large an amiount of assete shall ho realised without a corresponid ing loss? TPho experienice of mos llaink is that they looe an amounit at leas equal to what is called their suispemidee debt. Amngn ihn assets of this Hnil is set down 8244,070 of suspended debt actually in suit, which has been largely increased since 1st OctoLer. It is most likely int at least this amount of the assets will be lost; for although some of it may b)e good, yeteat least an equal amount of the rest will prove bad; so that th loss on this score may be set down at 8300,000., How much more of tie general assetsAntust be set down as bad, it is impossible to conjecture; but facts which iavetranspired darkly, in relation to famitlyoans and ineor. porated companies tnake -*it probable that the loss from &beso quai'ters must be great. I do not propose, however, to take into the accoUntsuch conjectur al iterns. "The statement o',the Bank gives us the large item of 8134,035, invested in stocks, on most of wiich there certainly must be a loss. 'Then the Banking Houses are set down at 807,147, when they will scarcely reIalie one half of that sum; and the real estate, owned by the Bank, at $39.060. Setting down the whole losses on all these assets at the sum of 8400,00, and deducting from that the 8100m000, of surpius above referred to, wejhave a result that tie Batc as it now,ttands, ias sunk about $:100,000, ora4ioarly one.third Af the whole actual c4!ial put in by the State. And if it b o ainued upon the same footing until -at the annual loss above shown d ae occured for the last ten years, 14i1 probobly sink one-sixth of what r i. I will make no 10 there on the spirit in which this" . hnt is made, nor upon the acco ofthese insin uations with the so etIn the open. ing paragraphs o eh. With these dark insinuat -ow noth. ing to do; but to th' rend distinct charges, I have0 r rfikf. will, I. trust, prove satis ohjee. tions that facter uld frame againstihii against Mti f tnk are so e and well secured, and can be realized, if she requires it, are here set down by the great A nti-Bank Prosecntor in his Hill of Indictment. It is a bill of par. ticulars; one lie has proclaimed in the halls of legislntion; written over in his closet; printed in newspapers, anti nice pamphlets, bound up in red, y'ellow, and blue, and scattered, by superserviccable un1iderl ings, into every nook aind corner of they State. It will be seen that lie sets down tle whole losses on all these as. sets of thel Bank at ihe sun of 8100, 000. 'hie a pparent deduction of the 8100,000 carried to the Sinking Fund, is no deduction, fir it would only take liat inich froin the Sinking Fund to cover 8100,000 of the whole liss whilich he puts at 6-100.000. Now. oi what part of the assets of tile Bank, does M r. .Memminger saddle this loss of 8-400, ot0? TotalI loss 8l0,t00 which he distributes as follows: 1. On boids and notes in suit, loss 82441,079) 2. On honds and notes not in suit, enouigh to riiake up 8300,000, or 55,92 1 3. On Blankimg Ilonses, hul for 13,579 -1. On stocks, the balaice of 8400.000. or )t,42(2-40,)0() Wlhien the Committee ippinted to in. vestigate the Blank eane to discharge. their duties, they demanded of the Bank a statement wvhich wouhi show wvhat the IBanik was Iliabtle for. ando what it had to pay~ oflf, or meet thoe se liaibil ities withI. Tlhiis statemeitnt was feira ishedl, anrd thlen lie Coninnit tee cal led br thle Books of the Batik, an rd compia redI the stauteiment fiirniishied, with the Books. Fiinding that Books and the staetemen(-t corresponded, hey thlen cal led four eve.'ry bond, mort gag-, nio-e, ill of excha~nge, (Irauft, judg. mnent, the llatk and real e:,tate cert iti, enites iof .stocks or othe r ev idenice the Batik had1 to show its owtnership of any fun, Ip~roperty or ting it c-la imed or set firth ini its statemmewt. These were - produceed, anid allI thtiuad right. Theyla tn beganr that scrutbyi on wic th ullI e tlse dependoed, to asce rumon the v alu e, lie wtorthi, the a vail a bhness of each atnd every one of thlese k,reds, miio: gages, nites, dlrafts, bilIls oforchainges, stocks, llan k es'tite, judaginatts, keC. &cL. liut it wvill doubtles: be tiore saltis. hit-tory to you to have tie ac-ount which the Conunrritte' gave. initheir re-port oif the-ir p roc-eedings. (bi thle seventhI (it o their report, yin1 will find the folheinig summari~iy-hey,- hadl stated pre-viinsly, the vairiusiablities of this Ianik , on thle 1st (lay of .lunri, 18419, after which they say: "'So that the amunti feor wvhic thle 1 honk wasn accoun table on the 1st of .1 toe last, (1849) - was as tl lows: vii.: Cajital,8-~1,1 23:,357. Baitnk Noites issued, $1 ,13,Q202. Sink inig Fundl, 85!8,'240 '1. Fire L~oaii Fund1(, SI ,7'3,58(I 70. Dieposites, .$711,187 (01. State 'ircasury', $54I,. 0. OSI20. hills paytbrle, $50,000. - talance duo HIambiurg~ank , $22,8417 01. D iscounit, intereshanid protest ac. . counts, (profit) 05,572 03f; making the I. iabilities of t ho Bank ,032,075 33 The Bank coutfor these funds by exlibit inrg their eqji va lent ini billsh, notes. and bonds of irad -iduals and cor. porations, judgments, specie, Bank notes, stocks, real estate, balances against its branches and agencies, charges against the State for interest and expeuses on the Loan for rebuild. ing the City of Charleston, foreign and domestic exchange, balances against Banks, and other agents and correspon. dents abroad, and incidental expenses." That you may see how these various items were scrutinized and sifted and their actual value, and the value of the securities for them ascertained, I now add another paragraph fellowingjn that report, afler the one above-the Com mnittee add: "With a view to the great. er facility and despatch afrorddd by the orderly arrangement of business, the Committee before they entered uponthe investigution which they had to make, caused schedules to be prepared, ex hibiting under one view, all the impor. tant particulars of each item of the general statement of the credits of the Bank. For example, to begin with the largest and most important item, the bills and notes discounted. The sched. ule of these contained in distinct col. umns, the names and residences of the makers and endorsers, the date, amount, and time of payment of each note or bill, with the nature of the property se. -curities, if any. With this schedule before them, the Committee, in the first place verified, by inspection, such of the particulars above stated. as appeared from the papers themselves. Having done this, they proceeded moregipliber ately to consider each note or b!lt with reference to its character and efficiency for the money it engaged to pay. Where the Committee were not them. selves, or some of them, acquainted with the circumstances of the parties, they sought and obtained information frotn the best sources within their reach; in many cases by sending for and ex amining,. persons who were believed to possesaI Jnformajion theyrquirpdj They add on page 8: "The same course was pursued in relation to each of the other heads." And among these heads so examined and sified, are each anrd every one of those enumerated by Mr. Memminger as those on which the flank had sunk $400,000. I will now take themi up item by item, and state what Mr. AMemminger says has been stink and lost on each, and then show what the facts are and what the Com mittee say in regard to each. In doing' this, I will begin with the last item and end with the first. 1st. Of Stouks. Mr. Alemminger says: "The statement of the Bank gives us the large item of $434,653 in. vested in stocks, on most of which there certainly must be a loss." How much that loss is he does not state in round figires, but lie puts down the whole loss by the Bank at $400,000; of which, 840,000 is on notes, bonds, &c. in suit and not inl suit, and 833,578 on Bank estate; it leaIve, of course, as the loss on stocks the balance, or $00,422. Now, to this, I have two replies. First, The last October report shows that the amount of stocks had been re . duced from $131,653, the same stated by M r. Memminger, to $335,723 59, or to the extent of $118,829 41i; and since then they have been still further redu. ced until they are now only $2841,881 81. This has been done by sales of part andi by the payment anad redemp ;ion of thme balance; and, so fear from any loss. the Blanik has~ actually realized a profit on that po)rtion exceeding $50100. -Now. of the balaunce the Committee of Investigation shell speak. And Second. (On thme 1t Junte, 1849, the aunmont of the stocks beli by the Bank wa's $171,574) OS, and1 on' them the Commixittee remark: "They stand upon the books of the [Bank as representing the sum of $471,570 08, the balance of' debits ini the stock account, but they' are actually worth more, for though somec of thorn could not be sold for as much as they represent, others would realizo' a considerable adlvance; so that theat their aggregate value exceeds that at which they are set down in the gen eral statemitent."' We have already~ realized $5000) of profits on the Fae of a part, and on the hbalatnce our estimate is that they are wvorthe, anmd would nowv realize, at least $ 15,0010 over what they are charged at inl the Uatuk statement. So much for the Stocks, on wvhich Mir. Mfenmminager boldly proclaimed: "There certainly musit be a los.';'' and which, instead of causing~ a loss of $60,422, have already realized a profit of $5000, and are goodl for 815,00)0 more. 2. Of Banking Hiouses atnd Real Estate. TJhe loss on these, Mr. Mem. mninger makes $33,578. His words are: T~lhen the Banking Houses are set dowvn at $07,147, when they wvll scarcely realize one half of that sum; andi the Real Estate owned by the Bank at $38,000." The Bank estate consisted of the Banking IHouse in Broad street, and that occupied by the Southwvestern Rail. Road Rank, unde lasen. tho llank louse and lots In Columbia and Cam. den-all set down in Bank Statement at 867,147 85. The real estate was the Carolina Hotel, and certain lands bought in at sales for debts due the Bank. These stood then at 842,525 28; some having been added since 1st October, 1848. The Committee had the Bank Houses and Hotel appraised, as they very correctly say, "by several of the best informed and most judicious persons in Charleston;" and they con.. elude: "On the whole, it appears to the Committee, that the value of the Bank estate is, perhaps, $0000 or 87000 less than the amount for which it stands." Of the real estate they sny: i "And the aggregate value of the real I estate is, at least, equal to the amount it represents." Thus, instead of a loss of "one-half," or 833,578 on this item, as charged by Mr. Memminger. this Committee say that "the value of the Bank estate, is perhaps, $5000 or 87000, less than the amount for which it stands;" and df the real estate, that "it is, at least, equal to the amount it represents " On the above I have only to remark, that the utmostis a loss "perhaps of $6000 or 87000." While the Bank estate at both Columbia and Camden is worth more than it was charged at-enouph to mnake up the difference of the 86,0W or 87,000, sup posed above. But there is a more conclu. sive reply. Since this report was drawn a c part of the real estate (a tract of land in Fairfield) that stood charged in the state. ment,and in the estimate of the Committee at $5,000, has been sold for $12,000; ma king up the 87,000, and showing. under all and every fair valuation, the whole Bank and real estate to be worth every dollar it was charged at. Thus goes Mr. Memminger's next charge against the assets of the Bank. 3. Of bonds and notes in suit. IT.ms charged $244,070 4. On bonds and notes not in suit. Lssa charged 55,921 V300000' Mr. Memmnin r ca a s Mon the tober. it is Most likely that, at leat thi amount of the assets will be lost; for al. though some of it may be good, at least an equal amount of the rest will prove bad; so that the loss on this score may be net down t 8300,(00. How much more of the gen eral assets must be set down as bad, it is impossible to conjecture; but facts which 9 have transpired darkly in relation to family a loans, and incorporated companies, make It probable that the loss from these quarters must be great." All these4,arges, even to the insinua tions were sifted to the bottom by the Com, a inittee-every note, every bill, every bond- 2 every loan was investigated and the secu rities weighed to a dust in the balance. 11 Commissions were sent, witnessed exam. fi ined and property appraised in this and n neighboring States, and what was the re- 14 sult! This; The Committee came to the d opinion that in all these vasts amounts of b assets, abotat 832,X) were bad and lost; that about 822,000 were doubtful; and all the rest good, By looking over page eight of their report you will see not only this, i but they also add that there were arrears of : interest on good debts aniounting to nearly $2R,000, which would more than restore to c the Bank all that is lost by these bad debts, and leave the whole of the arrears of inter est in excess. But this is not all-if you will turn to the annual report of the Bank made at the t last session to the Legislature, you will see that we took out of the protits of the year the sum of 835,457 10; and at once paid ofy f and extinguished every one of the debts o which the Committee thought bad, thus re storlng and making the capital whole he. t yond question, and having the arrears of in- " terest still relieved. b It thus appears that Mr. Mennminger's b charge that the Bank had stunk three hnun. I dred thousand dollars of the bonds and 9 notes; thirty-three thousaind five hundred t< and seventy-eight dollarb on its Bank and f Real Estate, and sixty-six thousand five hundred and twenty-two dollars on its stocksi, in all four hnundredl thousand dollars y of its capital, is whnolly and utterly dis- a p~rovecd by a Comumittee, composed of four t out of live mnembers, from his own political s friends of the Anti-bank Party! And there c I leave them for the present In their hands But I must not part withn the Committee without bringing one more brief passage a from their report to your view. They have now concluded their labors; n they have stated thme results on each anid b every item of the Bank statement in detail. u T1hey have silenced slander, refuted malice, 'j contradicted calumny, by thne plain and a simple exposition of truth; and, in conchud- v ing their labors, they give this distinct andt unlequivocal jtdgmnent of amen whot knowF whnat they are saying, antd wvho were not over anxaous to say anything to help thne Btnk andl the party who sustained it, and toi both of which they stood opposed. They say: "After an examination of the /nffairs of the Bank, as thorough as circ.nmstances I permtitted, and they believe quite sufficienit E to enable themi to ascertain substantially 3 its true condition, the Committee a-e of ', opinion th~at, by a proper system of collee, s tion, steadily pursued, in a few years, after ht redeeming all the other liabilities of the t< hlank, thne catpital, and other funds, for which I it is account able t a'ie State, could be real. h iz.ed, and put t. a form to be applied as the n State might think proper." (Page 22.) bt Here, with this unequivocal testimony sa of such men as Man~yck, Richardson, John. bi son, and Macbeth, 1 leave the solvonoyand hi soundness of the Bank estartishied arnd set. tIed. In considering the profitableness of the a Bank, I will adduce another, fact wihich tl mirght 'yell be introluce her, but. as.,his t, iumber is already. longer th iteanded' defer it to that number.' )ne Important cause of Non.a4Moe. I had oecasion to visit the son ofa riend if mine, at a school of great resActability n a wealthy agricultural district. The naster, a very intelligent perso: showed no the details of his well ar'rgl ab ishment which was certainly . paern in :very respect. On entering tiheW-filled Ichoolroom he observed; that inost of his ;cholars were farmers sons.--Glsicing at us library I Inquired whit books-owiagri :ultural subjects it containedl The mas er seemed struck with surprise, (as if the houight of such hooks had never ocurred o him.) and replied, "With 'shamb I ac inowledge, not une but send me a list- of uch as you recommend, and, Jwill -inuno lia'eoy pure theii." Nowjapprehen'd his caO ght be multipli6d by a-hou and mjiA . Can we wonder-thle that youdk o never heard the welt*'agrcul. ure at school, and who is sel4pffi.-ever ant into different. districts to be -taught griculture as a science, should go home a his parent, and follow his plan of farm. og-be it good, bad,or indifriei nt. In all ther trades and professions an apprentice hip is considered essential to the acquire iont of knowledge; but farming, the viost ecessary of all tradei,' is to b left to hance, or rather mischaitre. A system of niformity is essential in making a hat, oat, or shoes-there are establislhed edu ational rules for the church, the r: and he Senate: but agriculture, t6 nerest of all, on which our very ex tence epends economically and-politicallf, Is to ,e like a ship without a compass, tossed bout by the ever-varyinggale of-individual pinion, without a hope of-.eaching the 'ort of Perfection. Vere a jouth eiver so auch inclined to furnish 'hi mind with omparisons and observatiotsof the *arious ystems of culture in our own different ountice, as well as in foreign climei,these i, under the present school stem nop-. ortunity for his doing so; and, nodoutdb vould be surprised if told that we are a entury at least behind the, iceultur i hpe~ lea orks 0 e. dr will eon r he knows in griculture-If he does, its" 3r hitm. Little as I am. acqt ht he subject, I am daily convinced lWti is ull of interestrand of such extentiif ta fetime of study and practice would d us n the wrong side of perfectionA J. Ilerhi's Leuer on Agricultural Improre lent. The Borse. T will state a few things f-avele iiiede nd they may be of beneft to your teaders L horse that is-driven on harm roads idia le to get stif in the joints' Iot1im,- r ad an animal which, after driving tire aur days, got quite laine. An-uld 'M - iore teamster told me to wash the mare's !gs in a tolerably salt brine, which. was one accordingly three times a day, for tho - alance of the journey. The sti is ppeared in a few days,-and-i dri -ti. iare 1,400 miles afterwards, sbd' ere .as no more on that accoiint. What leased me most was, the mars had a very oor foot to hold a shoe when I started; It as very brittle and hard; it wouldbreak ut when a nail was put in: but it'growlto other at every shoeing. A blacksmith in lew England remarked to me ibiit her foot ad a singular appearance; wilee he pied it was soft andtough. I accouptfr iltin Ihis way: salt will extract m uoibtuoifronm lie atmosphere, which keeps il fo'ot iSt 1l the time; and salt has nearly the same frect that grease has on a loot or a piece r timber. The drippings fori'Viait ton oor, if continued long, cannot be "got offi ie wood becomes moist and tough, and so 'ith a horse's foot. After washing the ige, turn up the horse's foot, clean the ottom, pour the hollow full of brine, and old for a few minutes to soak the bottom. 'he practice of rasping the spot all over y mghen it, is. abominable.-Farmer and Jardener. - A WVoMA's Noins.-Gam:E ORUR1 - POOD, it is we'~ll known, has been writing easionalloetsr freitn Washington, for some me. In alluding, to Mr. Boenton's last pooch on the "Oimnib'us," she thus des.. ribes its effbef on the Trinmvirate.* " A fire kindled in thetwn hk nd lnt from the keen eye of Clay. Webster'. ternest glances gleamed out' frons be eath the blackledge of his ~lowering row--while the wuighty -countenance fCass wore a shocked and etldly p. ignant expression, 'for self and partnergT eeing to say as the worthy Fallafft udhove said--*How the world is given i lying! There live but thr*e honest oliticians in America, and one of them is ii. and grows utd." GRACE must be iisaken i te IflloW.> 'ig: "Visitors are also apt to hotie('some eculiarities of Senatorial pronunciation, 'hich are rather odd. For instance , .[r. Clay, and .indeed -many'f4 louthern members. s 'w~ Ir. Websief Mays i4N... 4I atur,' and one of abta rys 'buss' for burst. All I in sI oe such Jpronlungiatons itan40tinue bo exciteliely and purelit1nn atiother tls we, hotie t,'~ umilitf6tai that ho~hii~ o#~s trife for the occulianby I/t I0i.4 uthdsvaynggae. 13uaxitI gyte teti, like the Uriah ee 1%f6 en, kvh f' humillty in thelr, ak to a suspiceos nd fanatical extreine-in other words, ra ier run that commnendable and pious vir zo into the ground."