POLITICAL. Prom; the Newo York Evening Post. Mr. Calhoun was invited by the Demo cratie.Committee:'of Arrangemients lfor the 4th ol July,o deliver an oration in this city. He returted thefollowing answer; FonT HILL, June, 12, Genle'men-I havo been honored by your note of the 20th May, (received the 6th inst. informing me that delegate4 of the Democratic Republican party, from the several wards of your city had selec ted me to deliver the oration at the ap proaching anniversary of Independence. I acknowledge with-gratitude tho honor of being selected by so numerous and res pectable a portion of m)y rellow citizens it u'ditant section of the Union on such an occasion, and am duly sensible of the oh ligationwhich it imposes; but the gre:at distance and my numerous and indispen sable engagements render it utterly impos sible for me to accept. Among other grounds to which you have alluded, you have referred to the part I have recently taken in the Senate as one of the causes of that favorable opin ion towards me. which has led to the ii tended honor that I am reluctantly com pelled to decline. Permit me to say, in taking the position to which you refer, there were difficultiesof the most formida ble character in the way, bst had they been enfold greater, they could not have de terred me frot the course [ took, so impe rious was the sense of duty under whing I acted. The currency was no new ques tion with me. For many years it had been the subject of my reflection, and the source of deep solicitude, and I had mnde up my mind, when the time arrived. that would force it on the attention of the conitry and government, as to the part I would take if then on the stage of action. The derangement to which our countrv is subject is not accidental. It is itherent in the system itself, and, in spite of every ciort to correct it, will grow from bad to vorse, till some great anti radical change is efected. In the meantime, the commu nity is destined to pass through scene-a of difficulty and danger greater than any heretofore experienced, unless the penple should be timely aroused to apply an effi cient temedy to the growing disorders I hold it almost impossible, that there should be any state of things more corrupting to morals, more dangerous to free institutions or more paralysing to industry, than an ttn certaitn, vacillating currency. under the control of private cupidity, such as ours is; and I am amazed,that the wealthy ca pital ists, whose property exists in stocks and securities, are not the irst to see it and take the alarm They ought to see that the gatns from the irregular working of such a system must be but momentary and Cal Jacious, and must be followed by a storm, if permitted to progress. which will seatier such acquisitions as leaves before a torna do. In taking my stand against the sys tem, no partial or local considerations !nv eraed me. I stood up for what'l honestly eno1 sincerly believed to be the morality, thefreedom and prosperity of the country, actdated by eurnit yto no class or section, buttelieving thatI was actina the part of a true-friend to all those who were profit ing by it for the moment, as well a3 of those who for the time were its victims. Whether in this I was mistaken, I am con tent to leave to time and experience to de eide. Thus far I have seen nothing to shake my opinion, but much to coniran it; much to animate ate to perseverance in the course I have taken, till an efrectual reme dy is'appleid to this amtong the most dan gerous evils that can befal the country. F'or the vety kind nmannter in which yon have communicated ithe witshes of thos' you represet you will ptlease accept m, sincere acknowledgements. I cannom but be highly gratifwed to learn, that many 4af my old frietnds in yottr great muetropo(li-t have not forgotten me, and Icdo asure you -that few things would afford me more .pleasure titan wvould an tpportunity to re new my acquaintance with them, as well -es to form it wihm those more recent friends -whose approbation I have been so fort a nale as to gain, in the trying scettes thro' which I have more recently passed. Though circumstances will not permit me to accepighe honor proffered, and to, be present at your celebration, it will ito. I ttust, be considered an intrusion to ol fer the followinar sentiment; uEquality, in its broadest sense, of rights and privileges between citizens and citi zens, ptursuit and pursuit, and one portion of the country and another, the dleep aa.d solid foundation our political falbric; pre serve that, and all is safe--destroy it, and the wvhole .wvould rush headlong to the dust." ToRichard J. Smiith, Steven Rt. Hurris, and C. H. Dougherty, Esqrs. Froms the N. York Evening Post. The following is an extract o( a letter from James Buchanan, United States Senator from Pennsylvania addressed to a committee. of the democratic membetrs of the legislature of that State in. reply to an invitation to a public dinner to- he given in testimony of their high sense of htis services in the cause of liberal .prin ciples: "When Mr. Van-Buren first recommen ded to Congress the adoption of the In dependent.Treasury, as the leading finan cial measure of his administration, I took my stand in its favor, from the firmest gonviction that it was a-just andI necessary measure. Its true character was, at the first, mistuderstood by many of the best and wisest democrats of the country, ad it was misrepre-setnted in such a maner * by the satellites of the banking power as to cover. it with a cloud of prejudice. * This cloud has already been dissipated by public opinion, the sovereign arbiter of all politIcal measures'under our form of gov crnment; mand viewed in the light of rrrtth it now stands as a mottument of the wis dom, tirmness, and patriotism of its distin Antished author. 's final success, and that at no distant day, sems inevitable. Another hank of the United States is repudiated, at least for the preset,~ by thte leadittg members of that p arty who were formerly its devot ed friends. What then are the alternatives for the safe keeping of the public money! - Aes any wan now serionsly believe that e... ts .....e .the pe..le ,,.;l ain ,.. storo the league of affiliated state baunks, and pour the publie treasure into their vaults; and thus again convert it into an engine of ruinous expunsions and con traction of the currency, and of new po litical panics and pressures? Shall we place our money tinder the custody of corporations which in the day of trial, when we shall most require its use to sus taiu the honor and interest of the country, may again convert it into irredeemable bank paper?. "Above all, shall we, who profess to he the friends of State rights and the liberties of the people. bind together by t he hionds of mutual interests, the eight hundred banks ol ith country and the chief excen tive magistrate; and thus place under hiscontrol,instrunenls (i corr'uptitg infli ence throughout every State of tlie Union. of more extensive power than was ever wielded by the ha .k of the United States. If the democracy of the country he not willing thus t1 put themnselves in subjec tion tothe banks, the only remaining al ternative is the Independent Treasury. this measure is so simple it itself and so conformable to the letter and spirit of the constitution, that it could not fail. when freed from the merits of prejudice to com mand the approbation of the people. By its adoption we merely propose the prac lice which prevailed for sone titme ailer the origin of the federal , vernmenti, and entrust the safekeeping of the pullic tmo ney to agents respotnsible to the govern ment of the people, instead of banking corporations, responsible officers ; why. then, betwpen the tine of its collection and disbursement should it he confided to irre.sponsihle banks? This is the sole ques tion. By depriving the banks of the etsto y of ite public money. vot will not i.jure any one of difem whitch is conducted otn sound and safe principles. It is true that the establishmtent of the independent Treasury, besides diminishing their profits in a small degree by taking from them the use of the people's ittoney to which they have no just claim, tmny require t hem to keep in their vautits a somewhat ireer atnount of g.hd and silver than heretofore; but ihis will be one of the largest ineiren tal advautages of the system. This re gutired increase of the preciotts metals will however, I fear, prove wholly inadequaie to restrict the banks within ihose saft lint its which will secure to the puolie a paper circulation at all times corvertible into gold and silver. I merely throw out these hasty hints on the great subject to wi'ct you have thotighti proper to advert, and whieh is making such rapid advances in the public favor." From the Ozark (AT Standard. T11031 .S 11. BENTON. Extract from the reply of Mr. Benton to the letter of th. citi:rns of Springfeld, inviting him to a public dinner. SPRINGFIELD, June 1. 1839 Congress can save the Government by establishing the Independent Treasury System. This latter measure is now a permatent object of the administration, and is called for by the strongest reasons of policy anti necessity. Ilard money payments to and from the FederalGovern tent, and the kepin. of its ownm money by its own agents, (which are two essential features of'tho Independent Treasury) to save the Federal Government front bunk ruptcy every titne the local banks shut ily or blow up; also to prevcnt such banks fron expndiog their currency upon i credit of the Federal Governmeu; also to keep up a stificient quantity of gold and silver in thte Unitedl States to make it safe not to have any banks at all, and to pre vent an exclusive circulation of' paper 'noney; also to prevent thte resusciiation --f a National Bank. The Detmocracv of .hte Union are now nearly united in sup 'ort ouf this great measure, and, if not es lblished soeo, the next explosiotn of the naper system will do the business. I 0-. k 1upon thte estsblishmtent of the indepetndent Tre .sury Systetm Us an event which, soon "r or later, must take place; bttt it mnay he tebat another "suspension" m,.st ho added to the atrgtument btefore if can carried. From thme Globe. A BOL ITION. Mr. Editor: FTe f'ollowing resolutions tussed at t he recent session of the Demo eratie Legislature of New Hampshrire; Resoled.-That the rela tionr of master antd slave, as esablishted bv law within the inrisdictioni of anty of' he bttates, is atn itt stitution for w'hichi the State, within wshich it exists neither this Legislature, nor the Legislature of atny other State, can right fully interfere. Resoled.-T hat the adoption and ros ecation of tuecasttres by individuals r."s ding withinonlae State, with the avo~wedi iesign oaf overthrowing the intstituttions elf another St ate, by sending emissaries, scat tering doeniments, pamphlets or papers, within that State, againtsr the declaredl will of the same, is a disregard of that comity, and mutual respect. w~hic'h should ever he ulivatede among the States. Resolred.-That Congress ought not to interdict the slave trade bet ween theStates, or to abolish slavery within the District of Columbia, or the Territories of the United States. Resolved, That the resorntion adopted by the Hou~se of Replresentatives of the Congress of the Uanite'd St ates, by which alinorials. relsting'to the a bolition (of slavery, upon the resentation of the same, were ordered to lie on the table, withott any further action thereon, was not an in fringement .of' t he rigit of petition. Resolved, That the immiediate abolition otslavery, by whatever mneanh effected, without expar'taion of the slaves, would e produetive oreatlatmities moral and po liical, stuch as~ sould he deprecated by every friendl of humanity. As a son of the Granite State, I feel proud'lt- lay them btefore the country, through, the coftumnts of 'he Globe;. andiin, vie to them ther special untentidn of thle South. A. B. Pragrant Odour for Sick-Rooms.-A fe w drop,, (If cil of sandal wvootd, which, though neot itn general use, may he casily obtained in town, when dropped on a-hot shovel, will dliff'use a most agreeable bal seice perfumte throughout the atmosphere of sick-rooms, or other confmned apart JFiscellanentes. (Bv REquEST.) From the Grcencille Mountaineer. "THE PRESIDENCY OF THE. BAN OF THE STATE." This important and highly responsible offiee. vacated by the death of the la neted Judge Colcock, is to lie filled at the next sesion of the Legislature. Al ready it has exeited some interest in South Carolina, anid seve.-al gentlemen, high in the conidence. of the State, have been brought forward as candidates. The oh ject or this article, without the slighter-t disparagement of Colonel Elmore, and Messrs. Furman and R ose. is to present the elaims of Col. Arthur P. Hayne. If arduous and gallant services in ihe defence of his country, in some of her hot test battles and proudist victories, he any claim to merit, or the gratitude of his fel low citizens, Col. Havne is not to he pnst poned to any one who is likely to aspire to the office. Immediately after the at tack onu the Chesapeake, lie entered the Army with all those feelings of indigna tione% which then glowed in the bosom of eery \reerican, at the outrage offered to the flag and honor of his country. lie continued to serve through the whole of "the last War," and did not lay down his sword until the violated rights of his coutn try had been nobly revenged. For his, "distinguishel and gallhnt conduct" in the victory of Sackett's Ilarbor.-a victory in which General Brown said "he hail never seen in the whole-course of his ser vice, a nobler display of determined valor' --he was prontoted ti the command of a sqinadrotn ut' Cavalry with the rank of Major., At the storming of Pensacoia, 'ihe was one of thefirst who seized pos session (if the etinemy's battery, amidst a destructive fire from the houses on b.,th idecs, and the Spanish battery directly iin fr nt." The battle field, on which was so gloriously achieved the memnorable vic. tory of "the eighth of January'! at New (.ricans, was si lected by Col. Bayne. I n this hiattle. as well as that ot tie twenty third of Decenher, General Jackson says that "Col Hfayne weas every where that duty or danger calltd." At the coiclusion of the war with England, he returned his military commis-,ion to the Government; hut coairary to his wishes, lee was retain ed in the army as Adjutant General to the norther.: division. And in the second F-'lorida campain, in 1818, lie was placed at the head tot ile Tennessee Volunteers, and in orginzing a Brigatde staff and mov ing to the scene of action, Mr. Calhoun, then Secresary of War, said he "had handsomely surmounted every obsacli by superior intelligence, aided ly patriot ism and the pride and spirit of veterans." Col. Ilayne is a man of business atnd system, and has had very considerable commercial and financial erperience. He was brotght up a merchant-for many years served as a Director of the,.Bank of the stale, and had the disbursment of very lrge sutms of money during the war. In 1830 he was sent abroad by General Jack .;on; and as agent of Naval Affairs to oir Ships of War in Europe, he wasdaily and coustatly in the habit of corresponding with the House of Messrs. Baring, Bro thers & Co., and other large bankers. He continuerd in this highly responsible station for five years, and during this time ie dis bursed ttore than a million ofdollars. On his return home. his acconnys were all promptly settled, and the mission to Belgi utm tendered him by the President, which he declined. In privaete life, Col, Hayno's character is pure and spotless.-