Columbia telescope. (Columbia, S.C.) 1828-1839, June 17, 1837, Image 2
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