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PORTRAIT OF AMOS KENDALL. Dsaw* by a master hahd. Lexington, Ky. April 8, 1837. To the Editor of the Observer & Reporter : My absence from home has prevented rae f oro heretofore noticing' a calJ in your paper on me to become a candidate to represent this district in Congress. In declining, as I do, the call on me, made no doubt by friends, some of whom have long known me, and whose sup port ] have had in the political scenes through which oar state has passed, bat which I trust arfc to return to her no more, I confess I feel some reluctance. But my private affairs de mand it of me, and I feel well assured that ^ rnthing that I could do will be left undone by any one whoai the district may select, to res ilcem and regenerate this nation from its pre* sent prostrate and fallen condition. For the. last eight years Amos Kendall (who? before he was driven from Kentucky by public indignation, had reduced this state to almost utter ruin,) has been emphatically the President of the United S?8tps. Translated from Frankfort, where he had abused both public and private confidence, and for a while had- harried the legislation of the country in the downward road to rain, and where he had misled and abused the confidence of the Exe cutive of tte State, to Washington, he has for eight yearv through an infatuated and imbecile old man, ruled and ruined this nation; and such has been the deep root which this minion lias taken that he is, it seems, to be coutiou' d in the plentitode of power by the pre sent incumbent of the Executive Chair. Oue who : will draw a parallel between the misfor tunes of Kentucky from 1817 to 1884, (the p?|jod when Amos held the conscience of our Executives.) and the condition of these United States* since he has been the concience- kee per of !>reeidents may readily accoont for the alarming prospects which now threaten the loss of public credit ard the bankruptcy of thoosandsofour citizens. When Amos Ken * da I became Governor de facto of Kentucky, public credit was high, and the people were never more prosperous; the State had sustain ed her character and feith in contracts nntar^ Dished; her bank paper was equal to sold and silver; hot this demagogue and speculator rais ed the cry against the Bank of Kentucky and its stockholders? arrayed the money borrow era and spendthrift speculators of the country ?gainst iier labour and industry ? and finally, at the head of the profligate and unprincipled, triumphed over the public morals,and the Jaws ??? the constitution. The-first act of his party was in 1817*18, to destroy the Bank of Kentucky, and to grant chatters to forty-odd spurious banks, with a view to flood the state' with paper sufficient to weet the demands of himself and partizans. ? This accomplished, in two short years, the de magogue and his partizans reduced the labor and credit of the state to utter prostration ? j The whole departments of labor were visited by a widespread rain,* the banks bankrupted, and the means of paying debts destroyed. ? Amos* *?Iief for ail these mischiefs brought upon the country, was an open violation of public faith by a repeal of the charters of all the banks in existence, those that had faithfully redeemed their paper and fulfilled their corpo rate powers, sharing the common fate of those that had both cheated and swindled the coun try. This breach of faith and of the constitution, the first measure ofneJeaf for the disease creat ed by Amos, and which he promised to cure, was found bet to increase rather than abate the flgaiady. Amos then found oat that the fault eras in the courts., not in the banks ofthe State. His next proscription for relief against his own acts or evils brought upon the country, was reflfevtn and property laws; and this fl?1&g ore metallic currency, and the substitution^ its place,of paper f hrough the Commonwealth's Back. His party, still victorious, followed tine prescription also, hot the disease got worse. Tbeeoorte of justice were not as faith ful to the constitution as Amos and his parti ?ns; and his taws of relief were declared to have violated both the constitution of Kentuo \ ky and tint of the Uuited States. This gave to Mr. Kendall and his party a new theme. ? They tote ighted against the Judges, and fi- j nelly passed a law repealing them out of office and creating t court of appeals, filled with partisans pledged to carry Amos's relief laws into execution. Here the people rebuked the minion, his Governor and- the whole party, by repesjtag the informing law, and restoring the old court. The next and the dying effort of Araoe Kendall in Kentucky, was to persuade the people ofthe State to repeal their const is ution, if they were not willing to break it.? The peoplft however, preferred expelling Mr. Kendall and hie creatures from office, and he then Jed his followers over to Gen. Jackson in ?ess, as hie last refuge from scorn, contempt and ignominy. He was received with open arms by Jadcs6a,wbo, it seems, loved both the taakot |nd his treason. Ail Know laqt Amoa ami his creatures here were opposed to Jackson ; that both he and they were toad for the election of Clay. But he bad ran his race ; he had lost all that he ever had in the State, ? a traitor to his best fhend, a nuisance to his country, a pest to society ; the finger of scorn was upon him j from every direction. Jackson was not una ware of this being h?v condition ; but that knowledge with him, was the passport to his heart* it was enough for him to know that Kendall whs an outcast and the subject of honest contempt in Kentucky ? that he had violated tiie confidence and friendship of Clay ; in fine, that he was ir> Kentucky treated as a& ingcata aad miscreant, unworthy of the coonrenance cf amy honest ma nr to determine him to reward bim. He gave him office, he gave hi* money, he gave bim'his confidence, and finally surrendered to him the adminis tration ot the whole executive powers. ?How Autos succeeded to the high estate he has, cooh^be told by many a Jackson leader, who has snapped bis collar, and by many a one that slavishly weaxs one. It is known to these gentlemen, that when Jackson's cabinet was first formed, Eaton was placed in i as a con fidant, to whom Jackson should confide his projects, crude and absurd, as he couid only write them ; and when submitted to him, they were to be written out in English and the orthography c^ected, &c. Tiien Jackson was to copy the project* and submit it to his cabinet as his own production, th :re by keeping ?h# rest of his cabinet ignorant, not oniy oC his total incapacity for the high e?fHce be filled, but his incapacity to draft in intelligible language, any scheme or subject he might wish to submit to their consideration. This plan succeeded tor a white, but when the honorable iner that filled Jackson's cabi net found out that Eatou, net Jackson, was fie President, they demurred, and this brought ap the crisis for Amos to act his part* which he did so- well as to have, the whole cabinet <fssoive& Toe honorable, mt n, who filled the cabinet were substituted by h s partisans, and he himself succeeded to the honorable post ?cettpie^ hy Major Eaton, of being the confi dant, who' sheoid. write and >apell for Gen. Jackson, and the President to copy what he wrote and submit it to his cabinet or the world, as his own production. From that moment to the present, the exe Stgiyc department and the Congress of the United States have exhibitedjpd acted the scenes of Kentucky, from loy W 182?3.~ Like Gov. Desha, Gen. Jacks >n becomes a great constitution tinker ; ? -the constitution is ail wrong1 and he and Amos present to Congres* ill a few years, more projects of amendment, than had be.-n thought of by all the world before. This habit of boring Con j gress wiih Amos' schemes for constitutions, | was kept up until it became ridiculous throughout the nation, as ha J the same course with Gov. De^ia in Kentucky. Congress and the American people would adopt none of the Jacksonian amendments, an-1 then, (as did Desha,) Jackson concluded it should be bro ken. Hence the violations of our treaties with the Indians, that their possessions might fall a prey to the speculators of his party. The stripping of the poor remnant of the Aborigines of America would, however, have answered but little good to Kendall and com pany, had the Bank of the United Statrs continued. The Bank was solvent ; it would (like the Bank of Kentucky) lend money only to solvent men. The Kitchen cabinet specu j lators, of which Mr. Kendall was the centre, were generally insolvent and composed of men as deeperate in fortune, as they were in character and principles. To obviate this difficulty, nothing less would do than what Amos did in Kentucky, which was to destroy the solvent bank, from which solvent men alone could borrow, and to substitute it with insolvent banks, from which the insolvent and prostitute of the party could be accommodated with the means to engross the public lands. Amos' project was to put the United States Bank out of existence, place the public reve nue in such State institutions as would pros titute themselves to executive views by loan ing money to his friends, whp had associated themselves into companies to buy the public domains extending from Washington into every State in the Union. This project was too revolting to Mr. Mc Lan \ and he was removed to make way for Duane, who, like Amos' new court was to do and perform all needful violations of the con stitution, until the public money was ren dered accessible to Amos and his friends. In this it seemed Amos failed ; the outrage was too great for Duane's nerves. Even the flat tery and cunning ot Amos and his compeer Reuben M. Whitney, seconded with first the smiles and promises of reward from Pre sident Jackson, and then his frowns and threats could not force him to the fuul deed. Like the assassin sent to the dungeon to despatch Marius, who, when he beheld his victim enchained and imprisoned, with his weapon of death in hand, shrunk from the crime exclaiming, UI cannot kill Caius Ma rius." The sacred ermine of Justice, the splendor of a foreign mission, the golden prospects from the perpetual and lasting friendship of President Jackson ? a friendship that never failed to make the fortune of his favorite ? were all before him, but they would not all do. Amos, however, found in Mr. Taney a much easier subject for his chem istry to act upon. The office of the Chief Justiceship was too powerful an argument for him. The bargain is struck ? Duan ? is removed and Taney performs the ac\ From this act, the money of the nation has flowed into the hands of those banditti of specula tors i hat have issued in swarms from the metropolis, and with it public property has been acquired by them to the amount almost of countless millions. The distribution bill, however, overtook these soeculators in a luck less hour. By it these pet bants, that have been so profuse with the public funds, are made to accooot for the deposites. Thts bill woald have failed, as <Jid the re just^elore ?n*55iginr -glecuufff Anjios feared that if -he made Jackson veto it,' the spoils candidate might be vetoed himself. Its passage was considered by the party as a death blow to the golden dreams of wealth among the members of the Kitchen Cabinet, g-owingout of their speculation in the public lands. They saw that the Slates would de mand a renewal of the distribution act from vear to year, until the period fixed for the re duction of the tariff arrived? and that conse quently they, the Kitchen Cabinet, and their friends, mus> either return the money to the banks, or do as they did in Kentucky, come out bankrupts and settle with the pets, who had loaned them, at six and one forth cents on the dollar, that being the rate paid by Blair ot the Kitchen Cabinet of Kentucky, to the Banks of Kentucky. In this dilemma Mr. Kendall caused the President to issue what is termed the Treasu ry Circular, prohibiting the collectors of the revenue from receiving any thing but gold and silver in payment for the public lands. This order, it was believed, would put an effectual stop to the purchase of lands from the govern ment and throw all buyers upon the mercy of the land companies that were d' btors to the deposite banks. How far Mr. Kendall has succeeded by this illegal and unwarranted stretcn of power on the part of General Jack son, in forcing the lands of the speculators upon the buyer, by keeping those of the gov ernment out of tha way of competition, can never be known to the public. But all know that he suddenly brouget bankruptcy upou the I country, and ruili Pn the credit of the national and State stock. When this individual succeeded to the con fidence of General Jackson, the State were free of debt ? the nation was tast redeeming itself from the debt of the war: the State banks, timited m - number? were solvent,? the bank paper of the United States was net only good as a currency* but the best currency in the world. Bat through his influence ever an in fatuated old man, the idol of the profligate of the nation, he has forced into existence every where throughout the U. S. numerous State Banks, like those he created for Kentucky in 1817, based upon fictitious capital, and thereby flooded the country with paper; so that instead of the solvent currency Jackson found in cirx culalion, when be came into power, the States have been forced into a state of indebtedness as well as individuals, that threatens alike the States and ihe people with one g nerai wreck. But while this work of ruin has been progress ing among the States and the ]5feople at large, fortunes have been amassed by the minions of executive patronage. Extravagance has in creased in the public expenditures until they amount to neatly forty millions annually; mem bers of Congress are alike bought and sold in the Executive market house, and the whole revenue and resources of the country have been devoted to the corruptiott and pollution of the elective franchise, in subsidising the press and ii the organization of corps of office hunters and office holders, with means to carrry our elections by bribery and falsehood. Such is the wretched picture the nation at this moment exhibits to the mind of every impartial observer. And while Kendall exerts the power over Van Buren that he did over Jackson, things can but progress from bad to worse. At one time I I. oped that Van Buren, having been generally associated with decent m n would have a m t ?ral loathing for such men as Amos Kendall and Reuben M. Whitney that his sense of duty, would induce him to ex pel th> m f om office and b* presence, and I confess that I a*n still not altogether without | tope "tfiat Mr. Kendall^ crimes against the | people of the United Stated have nearly reach ed the point when the now President will find it necessary to his own safety tJ discard him; but this hope is greatly weakened from the fact that htr stil! retains Kendall in his Cabi net. and has sided with Kendall and Butler against the rest of his cabinet to perpetuate the curse of the infamous a id destroying Trea sury Circular, on the American people. Here you will ask me, if Mr. Van Buren shall continue the system of bribery and cor ruption carried on by and thranghout the ad ministra ion of Jackson ? if }:e shall, as lack son did, use the public money and the whole patronage and power of the government to : corrupt the press, and bribe the people with tl.eir own money, to forge the chains for them selves and the people shall take the bribe and sustain the corruptions in power ? where is I he remedy ? I answer no where. But 1 will never despair of my country. I say then, let us never surrender ourselves prisoners to the corruptionists, bur. while we have the wea pon of the ballot box, use it. We must be prepared to meet and bear persecutions and oppressions while tyranny rfnd enrruption pre vail. ? But there should bean uncompromising war waged by every honest man, against cor corruption and in favor of the Constitution. It Mr. Van Buren shall persevere in thecouree of Generaf Jackson, in violating the Constitu tion and *ub>tituting uis will from the law of the land: ifheshall continue to draw from the dregs of corruption his cabinet advisers, and to pour wealth upon his worthless favorites, regardless of the public sufferings, the line between Whig and Tory will soob be drawn; and L repeat it again, that all honest men ooght to array themselves an the side of law and order, resolved to be free, and never cease their opposition until they expel the tyrants and restore the Constitution. To eff. ct tliis, the people are competent, and the people must be appealed to as the fountain ofall power. The chivalrous and dauntless of your country, the young and vig orous devotees to freedom should fill the chamber of Representatives in Congress, and those of the States; the fathers, the old and the grave should attend to the elections, and my word for it, the mass of corruption and the host of tyrants will be soon dissipated before the popular will. Yes, rely on it, that ! the men that are to break through and break I down this hydra of corruption, must be the 1 young men of the land. They must.be in the season of life when freedom and hope to thein is one and the same thing; not old men, groan ing under the weight of years, or sighing for domestic peace; not candidates for judgeships, collectorships, secretaryships, or President ships. Thepatriotic band of invincibles against the corruptions of the present and past ad ministrations, musf be mainly composed of | men above the flattery of hope or the pressure of foar from the Executive. Such a corps will be found chiefly to consist of men, whor next to their country, esteem and estimate their seats as members, and their fame as pat. riots in the popular branch of their govern ment. it was such a House of Representatives that expelled Kendall from office and put the corruptionist to flight in 1825. Keep your House of Representatives filled with such men, and your State is alway? safe. Let this nation form one Congress of such men, and my word for it, the work is done. 1 am, myself, now past the age when any man should think of entering the House of Representatives of the United States in times like these. I feel too sensibly that I could do but little good, were I elected, and that it is therefore ray duty to give place to more youth ful and vigorous intelligence. ? My friends who hav^-fhiiq callrri npnn me. have overrated my capacity To sei iiienij ?? i^umi *- ? they have, and therefore for their good, for my country's good, I decline becoming a candid ate for Congress. In doing so, 1 wish it noi to be understood that I mean to leave the strug gle for others. Very different is my deter mination. 1 have reached a time of life wheo^ I caw only wish to live to be serviceable to my country, and my family. Born and raised in the West I love no country like the West. It is the country wherein rest the bones of my ancestry, where my children were born, and where I expect to die. But I wish to hand it over to my children free and uncorrupted as i? camejto me from my fathers. My friends and neighbors then, may rest assured that I will be with them at our elections, and my mite shall never be wanting to restore to the cons stiution and laws their supremacy, by th ? expulsion of corrupt men from office, and in supplying their places with those who are worthy to fill them. Respect fuilp. R. WICKLIFFE. From the Georgia Messenger. ? The Telegraph tells us that "thousands of the citizens of South Carolina, too pirre and too upright to bend to the yoke of Nullification, have been proscribed, ostracised, and ruined." Was there ever such a tissue of falsehood pub lished, except in the speech of Mr. Senator John P. King? Does not the Telegraph well know that for the expression of that very sen timent, the Senator of Georgia cowered under the manly 'and eloquent reply of Preston! ? When the demand was made for the name of a solitary victim proscribed, ostracised; and ruined by Nullification, did not the honest gen tleman shrink from the task, and apologise for the declaration? Can the Teie^rspli do more than its learned Senator? If so, let him name the citizen of South Carolina thus proscribed, ostracised, and ruined, and we will prove that citizen a fallen victim, not to Nullification ,but the vindictive and tyrannical will of Andrew Jackson against the advocates of the Consti tutional rights of the State. "Nullific ition bas operated as a curse upon the land ? it has blighted the fairest prospects, and turned prosperity into desolation." Bra vo! and is the Telegraph really so stupid as to hope that it will persuade the people that the present desolating pressure is to be attributed to the influence of Nullification? Did not the Nullifiers oppose the "experiment" ? the re moval of the deposites ? the treasury circular ? and all the "humb'e efforts" of the Admins istration to gi/e us a "better currency," and to fill the country with "rag money?" Did they not predict that the present calamitous condition would be the r suit of these veto measures which were arbitrarily enforced by the President, contrary to the voice and will of the Representative^ of the people of the United States? Was it not through the agen cy t?f that illustrious "Traitor" and Nullitier, John C. Calhoun, that the State of Georgia received the 600,000 dollars which have been j loaned to the people, and accredited to the Central Bank, with the native adroitness of its ; President? Truly we are at a loss which to admire the more, the stupidity or credulity of a press which suspends its fa'len hop^s on the supposed ignorance of its readers. The fact is out, and in defiance of all the reckles and I debasing assertions of the Coilar men of the) country, the people have discovered that they have been gulled ? that the "Traitors and en emies of the Union,1 have proven themselves tie only true and fearless friends of the Union, i and of Southern Rights and Southern Institu te s; and that Nullification itself, is the only cons-titutional weapon with which we are to pui uuwii lue lunuiuauie uusi ui silkjuuuuibin, who tell us that "If our Republic cannot stand but upon the necks of 2,000.000 of their fel low brings, let it fall, let it fall, though we be crushed beneath it. " By the by, wc would inform the Telegraph, that the people have 1 not forgotten the tale it told them sometime a^o of "the harmless papers" of the Abolition ists, and of the more "harmful and insurrec tionary features of our patrol laws;" some of its own readers have not forgotten it, and, inasmuch as the Nullifiers have been the only opponents of those 14 harmless papers," it is not marvelous that the Telegraph should assail those champions of liberty, in the ardor of its native spleen. New York, June 8. The packet ship Philadelphia, Capt. Mor gan, arrived yesterday .sailed from Portsmouth on the 2d of May. We have received our files of London papers to the evening of the 1st., and are also indebted to Capt. M for similar dates. Accounts from N. York to the 10th of April had reached England by the Independ ence at Liverpool. The numerous failures which had taken place here and elsewhere in the United States liad not, to all appearance produced much effYct in lx)ndon. Our ex tracts are chiefly confined to articles on the money market, which are at this moment most interesting to our readers. It will be seen by the Liverpool accounts, that the cotton market had improved about ^d., and the transactions were very heavy ? amounting to 30,000 bales during the week ending 28th of April. There is no political news from the conti nent of the least interest. ltrtt>e House of Commons on the 28th of April, the Chancellor of the Exchequer stated he should postpone making his financial state ment for the year, from the 8th to the 26th of May. Mennier, tried for a threatened attempt upon the life of Louis Phillippe, has been convicted and sentenced to death, but tbe king has com muted bis punishment to transportation. He evinced the liveliest sentiments of repentance and gratitude on hearing the news. This act of clemency appears to have given very great satisfaction among the Parisians. There was a question in Greece of farming outlbe revenue ; a company of merchants ha ving offered government 100, 0(H) drachms more than the receipts of last yenr. The fo reign commerce of Greece is improving, par ticularly with Turkey. In order to encourage the growing trade with America, the Greek government have put American vessels on the same footing with their own, which in return, enjoyed the same advantages in American | ports. The Council of State of Athens have I jusl come to a resolution of using the metri cal system of France. A Paris correspondent of ihe London Times says, I have seen letters from a high quarter, dated Sr. Petersburg, the *th inst., which state that the emperor Nicholas has been cha grined, if not enraged, by the certainly that the Duke of Orleans has at length found a wife. From the moment that that fact was communicited to the Autocrat, he became cool towards M.de Barante, the French Am bassador. Accounts received in Pans from Africa are very favorable. Some tribes in the vicinity of Constantine have declared for the French ; and at Bona the repair of the works lately da maged by the blowing up of the powder mag azine were nearly completed. The Gazette de Frante states, on the au thority of a letter from St. Jean de Luz, that Espartaro and Irribarren are about to take up a position on the Ebro. L T**? aives an extract tttobi the Moniteur Dttcman, containing a con tradiction of a rumor which had be^n circula ted, that the life of the Sultan had been at tempted by two of t'ie disbanded Janissari s. The -eport is alleged to have been without any foundation. The AUgemeinc Zeitung contains the fol lowing statement on the authority of Captain Lefteri : In the island of Sautorine the ground had been cleft near the town, and that part in which the town stood, together with the entire population, had suddenly sunk into the sea, without leaving a trace of the dreadful disas ter. An immense quantity of snow had fallen in the neighborhood of Leipsic, and had blocked up all the principal roads. Inconsequence of the obstruction to commerce thus occasioned, large quantities of goods that were expected at the fair, had been detained on the road. The nephews of the >'chah of Persia it is said, have received an invitation from their unci ? to proceed to Ispahan, and it is suppo sed that this is preliminary to the restoration of their estates. The Milan Gazette of the 22d April states, that private letters from Greece mentioned an insurrection of the people of Patras against the Bavirian garrison of that town. The lat ter had retired into the citadel, but the next day the want of provisions obliged them to make a sortie, which was attended by conside rable loss of lives on both sides. The siege continued when the vessel that brought those letters sailed. The rising appears to have been only partial, and exclusively confined to the city of Patris. Those letters confirm the accounts of the dreadful earthquake by which the islands of Hydra, Sp zzia, Poros and Sun. torm were visited on the 1st ult. Shocks were felt during eight successive days. 4,000 pei sons were said to have perished by that dreadful catastrophe. Destructive Fire in Dublin. ? Shortly after three o'clock on Tuesday morning, one of the -fitefct-rreatructive fires ever witnessed in Dub im, broke out on the Suffolk street side of the Koyal Arcade. The flames spread with ex treme rapidity through the Arcade, and in less than an hour scarcely a vestige of the two lines of shop.-*, or the galleries overhead, were visible, and the flames had extended to the Royal Hotel in front, and the chamber for public exhibitions, and to the adjoining houses in Suffolk^street. At five o'clock the Royal Hotel was enve loped in flames, which burnt from every win dow while the terrified inmates were rushing from the burning pile; nnd at intervals, the crash of the falling fl >ors increased the horror of the scene. One individual an English com mercial traveller, was extricated from the Hotel by means of sheets tied together, and suspended from one of the windows. About six o'clock ' the flames had extended to the banking-house of Boyle, Lowe & Pim, next door the Royal Hotel. On account of the quantity and value of the property known to De in the banking-house, every possible exer tion was made to check the progress of the flames in that quarter. It was quite impossible : however, to check the rage of the destructive ; element, and in a short period the house was comp'ptely burned. We are happy to state, however, that no loss has been sustained beyond the building and fhwiture, as all the bank property, money, papers, &c. were deposited in an iron proof safe, which has since been removed from the ruins, and upon examination it was found that no iniury had been dgne to any thing it con tained,.* ^ " The business of the banking-house has been temporarily transferred to the National Assu rance office. ? Dublin Evening Post. Liverpool, April 29. Although the advices received yesterday from New York could not be considered favor able, the confidcnce the previous advices had inspired, accompanied as they were by a large mass of npgoeiable paper, was not in toe least weakened by'the numerous and'extenstte fail ures announced in the U . States. The demand for cotton, which began so brisnly at the commencement, continued to the close of the week, the sales reaching the unusual, of late, j amount ot 30,000 bags. To-day the demand I W88 equally brisk, and 5000 bags, in addition to the 30,000 previously sold, were disposed of. Of the total sales, 7000 bags have been taken by speculators. Theshar? market but improv ed in the course of the week, and the inquiry for shares is greater than for some time past. Upon the whole the prospect is encouraging : and should no unexpected event occur to affect the growing confidence, the improvement in commercial affairs may reasonably be expected to become permanent. From the London Sunday Times, of April 30. Money Market and Commercial Intelli gence. ? City, Saturday. ? The inteihgence re ceived from the United States this week has produced a greater change in mercantile mat ters than the most sanguine could have antici pated. Instead of the recurrence of cominer* cial failures, in addition to those ref rred to in our last week's report, at New York, New Orleans, Boston, and other places, new life had been given in the United States by the prompt and efficient relief by the Bank of the United States, of the Morris Canal and Bank* ing Company, and some of the other banking establishments, the managers or whicb h*v? come forward to provide specie for remittance to England,France, and other parts of Europe, and the two first establishments had in addi tion forwarded bonds to this country, payable twelve months hence. Thus the American merchants have been enabled to obtain an undoubted remittance to pay their claims here, aDd to send back a portion of the specie, which it wns the object of the late President to keep by all possible means in the United States. ? This is, in fact, anticipating th=j plan agreed upon by the Agent of the United States Bank and the Directors of the Bank of England to obtain the same object. The eff'Cis of the plan are already very apparent. The merchants here connected with America no longer ap prehend any further failures in the United States of importance, and every packet from thence will convey sp-cie; that of the 8th inst., which has arrived off the coast, will bring, it is slated, at least 1,000,000 of dollars in frergl.t. Some parties apprehended that the circulation of the American Bonds in this country will be carried to such an extent as to produce ulti mataly an eff ct injurious to England. This is, however, not likely to be the case, as there is undoubted security that those issued bv the United Slates Bank will be paid off at maturity lor such remittances must be made to this country, so that the transaction in restoring confidence (as it has done to a great extent a!r? ady) must be advantageous to the mer chants here as well as in America. That many investments w.Il be made, in addition to those which have already taken place in them, is certain, and a slight effect has already been produced upon S ock and the Unfounded Debt, but then? is ample surplus capital here to absorb the whole quantity of Bonds, which it is likely will be sent over to enable the Americans ot pay of their engagements to their British ere* ditors. It id not at all improbable that Bonds to the amount of 3,000.0000 or 4,000,000/. will be negotiated duiing the present year, the greater part or wntvn , b*BUd-. SIT as Stipulated, on the 1st of April next, by which time, no doubt the commercial embar rassments which have prevailed here and in t lie United States will have been wholly over come. It is highly satisfactory to 6tate, as we can do wuh confidence, that the sales of manufac tured goods this week have been very great ; in fact, far exceed. ng the trade for many months past. Aloney is generally becoming more plentiful, with a corresponding reduction in the rates of discuu ts. A s ighl drawback to a rapid renew il of commercial confidence was temporarily experienced yesterday, in the failure of a firm ex.ensively engaged in the trade to Ct-ylon. Five o'clock. ? The advices by the New York packet not being so favorable es antici pated, much disappointment was felt among the merchants in America. Upwards of 80 firms had failed in America from the com mencement of the panic. The engagements were very great indeed By the packet a mil lion of the? Bonds has come' over, the sale of which has not gone on freely to -day, as they weie made payable to order. The ?Bonds first received ?efl off this afternoon at 93 1 2 to 95. T1 e packet does not bring so much specie as was anticipated. The Bank of the United States, it is said, wi'l not grant the Bonds under a premium of 7 percent and for casn. This of itself will check any extensive export of them to England, afer the present supply The exchange at New York was 10 to 12 premjium, and Bank Shares had fallen to 114 12 to 115. . Although many large failures had taken place at New Orleans, "Never (states a Jettei) was general business in a njore sound or heal thy state. In British goods the trade has been particularly brisk, in fact, beyond example.? The quantity of dry goods exceeds largely that of any previous vear. Another instalment of the State's portion of the 6urp!us revenue has been deposited with the banks, has enabled them to discount very freely. The payments at the Bank have been very heavy, but met without any difficulty." The packet ship Philadelphia, from London, arrived at New York on Wednesday, bringing London dates to the 1st of May, and Liver pool to the 29th of April. The'news is favo rable. New York, June 7. LATEST FROM FRANCE. By the packet ship Francoise 1st , arrived last evening from Havre, whence she sailed 24th April, We have received our usual files of Havre and Paris papers to the 23d. They contain little of immediate interest. The Havre Cotton Market had undergone no change of moment ? -and Hie papers are principally filled with details as to the mar riage of the Duke oi Orleans ? and the trial of Meunier, Lnvaux,. and Lacaze. The Journal des Dt-bats on the African question, agrees with Thiers, that it is impossible for France to abandon Algiers if she entertains a just sense of what is due to her own honor and the interest of the country. The debats also agrees with M. Thiers, that the source of the late disasters in Africa is to be traced to the abs nee of all system in the colony? the abssnce of a firm, steady and conristent direction of its affairs. The D -bats, however, by no means admits the truth of M. Thiers's conclusion, that France can ensure her dominion in Africa, only by War? perpetual and unlimited war. This Journal, on the contrary asserts that the colony can be saved ^ pat tern of prudent and peaceful coloniM^ The Paix contains a few remarka^L^ speeches addressed by the presidents o^ Chamber of Peers and thp Chamber of Dej ties to the Kin<* andtne Duke of Orleans, the occasion of the heir to the throne. The Journal approves of Baron Farmer's haran gue and regrets that M. Dupin's language it not equally deserving of praise. To bear out its criticism, the Paix notices the ignorance as well as the coarseness of M. Dupin s advice to the Princess Helen, to forget "the morgue of the oln court." This affectation of blunt nc88 and originality, observe* the Paix, proves the President of the lower chamber 3Q totally unacquainted with the simple manners of the reigning families of Germany,- whase unassuming and dignified courtesy might teach a useful lesson to many a vulgar and arrogant French journalist or advocate. In the replies of the King to the addresses from the two chambers, the Paix finds that calm dignity, that religious and patriotic feejfag, by, which his majesty's language is invrfrtfoly characterised. The Temps notices the absence of the usual vague and common place protestation? from the addresses presented yesterday to the King and the Duke of Orleans by the Pre* dents of the two chambers. The Speech of M. Dupin, the Temps considers more espe cially remarkable for its propriety and dignity. The Courier Prancais blames the t J??sty and irregular proceedings of the Chancer qf Deputies, with regard to the proposed ?, mea sures for increasing the allowance of the Duke of Orleans. Tbe Chamber fa the ogjnion of this Journal, has no right to dispose thus lightly of the wealth of the State. *The France considem tbe ^difference of tho public to the proceedings ja.Meuoier's case a proof that an interest ? no longer felt in the fate of politieal assassins. Th-s jour nal then presents a few remarks on the awk ward and ineffectual attempts of Meunier to play the part acted by Fieschi, and to de nounce his accomplices, one of whom. Lacazc, the France, thinks will be inevitably acquitted. A letter from Lyons, of the 19th _inst. states that business has been dull last week, and the late spirit hes subsided. Prices, however, are steady, particularly in articles of Italian silks. No bargains are now to be met with such as were offered some weeks since. '' The Government, asserts the National* has received a telegraphic communication of a very strong spirit of agitation having manifested itself^ amongst the workmen in the potteries in the neighborl ood of Lim >gesf which has completely suspended operations. Th? Pre* feet of Haute Vienne, who was on teavoof Absence in Paris, has been ordered to leate immediately for his department. A letter from Constantinople, dated Match 28, says : ? Commercial distress increases.? A French hous^ has just failed ; tank era, however, of all nations, have takeir op the project of a National Bank; which - if esta blished, will afford us immense advantage*? The Porte appears to be favorable to tbe on dertakings. Reports are current, but which are unfounded, that the sultah intends during the month of May. to make a toot in the Black Sea, on board the Austrian Steam ves sel Ferdinand 1, and visit the banks of^e Danube. As it is announced that the Etnpe* rorof Russia will, in thecooive of the sum mer, visit the Southern Provinces ^of his dominions and Odessa, 'many persons iuMlgioe than an interview will take place between the two Sovereigns." .. From the New York Express. STILL LATER FROM ENGLAND. ? Tim Nwf York packet Sfii|> Sampson, Capt. Chadwick, arriv^lfc^ ?bal ing, bringing the Editors of the Express^ Lon don pape-s of the 5th May. We mak^the following extracts : > MONEY MARKET AND CirY INTELLI GENCE. v, n . > ~ Wednesday Evmih?; MaftWf. Throughout the day there uas K^ood deal of anxiety regarding houses in. the and West India trade, and there were run** of further applications having -b^eri tyade to tha Bank of England ; but the day passed dver without any distinct allu ion to any particular firm. The continued arrival pf goods, of which there are already considerable supplies in the market, in the warehouses, or koown to be on their way to th 8 country, together with the fact of the prices of many of them having fallen full one third within th&|Je8t few disastrous months, with no very flattering prospect of any great and immediate improve ment, are not calculated to increase confi dence in the present state of things, or injjhe ability of large houses to meet obligations that must soon become due. There were during the day many sales of Exchequer Bills and India Bonds, arhtch reduced the price of thein considerably,' as the bringing of them into the market was attributed to the necessity of meeting some temporary emergencies, though the 'increas ing demand for the American bills was proba bly the principal cause. It a>pears t*t|he country bankers are in n*uy cases adopting them for investments. In the English stock-market the*fc was not much done during the day. Conaol? ad vanced in the early part of the day to 80?, but in the afternoon dropped a little, and finally closed at 90? to $ for money and the account. In consequence of the continued sale of Exchequer bills, to wheh reference* has already been made, the premium *gain: declined, and was at ?ne as low M 28a,,? but improved towards the close of the busi ness, and left off at 24*. to 28a. premium. ; 1 There were symptoms to-day of a relapse* into the commercial distrust, which was sup posed to have been removed by the introduc tion of the Amer can bills, which prove, how ever, at present, by no means a sufficient relief, and the Bank of England is aga-n' called upon to interfere. Some attribute it1 to the limit d amount in which these securi ties have vet been s rnt, under thauocertatnty-7 of the reception they were likely to meet* with ; but the real source of the evil, itjanow' obvious, lies much deeper. ; - Nothing will place matters on their former' sound footing but such a rise of prices as will allow of a fresh impo tation of produce aa a< medium ot payment. Unfortuuately,astrog* gle ot the same kind has now commenced 'i? our trade with the East Indies and* China, from whence immense consignments are on? their way hither, on which a loss of probably 25 per cent must be sustained, looking at the state of the home market. .? With the additional claims on the Bank for support, which arise out ot these new sources ot commercial difficulty, the directors are evidently placed in a very embarrassing po sition, and may even find the power fai^them, whatever tbeir disposition' may be to< assist. Wiih respect to the new Amer-can securities, the demand does not appear, from ; the- best information that can be obtained," at ill to diminish. Now that the bills whi?|b were without endorsement, and which were greatly preferred at the stock Exchange, have gone off, the endorsed bills whicte.wera obj?is4*r -V wtt