The New York Herald Newspaper, January 19, 1842, Page 3

the Constitution, alro came ap mm erder, | excties im the Busan breest; und while the expression ol | ME. 1 URNEY Pose U pout oforder. The genueman, —_ id red not win sufficient to pro. these emotions was warm upon his features, they inatead of assigning earons for not voting, was go- coed consideration was postpoued transfixed with life-like fidelity to the marble. T! ig, an argument against the bill. il Poe other he ordered to be executed before his face, in ord he Srraxen said the gentleman from Maryland must une to catch the expression of terror and anguish that the | confine himself strietly to the point he had ma: ‘he remainder of the day was consumed with vate bills. ue of su) the torments of his human sacrifice. and the Athenian artist must yield to you in the inge nuity of your cruelty—for traced on marble, they will be written on the Heuse of Representatives. Mownoay, January 17, 1942. CORRECTIONS OF THE JOURNAL. Mr. Guanoen, itamediately after the reading of the journal of Saturday's proceedings, ttated that be wes named as having moved an adjournment at 2 o'clock. ‘This was an error, as hv had made no such motion. ‘The journal was thea corrected ubstituting for Mr. Granger's name, that of Mr. Crittenden, as given in Gur report esterday. ? we om said, that in looking over the report in the “Intelligencer, in the vote on the val taken by tte ,,asieman from Virgivia, his na not ap- pear. He had voted in the negative on that occasion. ‘The Sreaxra said it was correctly recorded in the ee asked the unanimeus consent of the House to take upthe resolution submitted by him some days since, frem the committee on Public Expenditures, thorizing the Committee to employ a clerk. ae Gare Joansox said he objected to any thing but business: bs? er said he was glad tohear it ; he only want- ed to see where the objection came from: REPEAL OF THE BANKRUPT Law. Mr: R. W. Tromrsow asked leave to introduce a bill for the repeal of the Bankrupt Law: (Cries of no, no, object, object.) ‘Mr, Weitrn objected to the introduction or any thing else but the regular order of busin ‘Mr. Cusnine rose to a point of order. He submit ed to to the House, whether the first business in under tho 20th rule, which was as follo and their withered expectations. i Mr. Maxswact said it was far from his purpose to dis rite of the bill, which they wereubout te re peal, but he would say a word or two in expli the motion he would make before he sat down. It was upwards ef a week since (last Saturday wae a week) when the House bad passed an order for the repeal of this law, and directing for that purpose to be re- ported on Tuesday last; but, what by the interposition of points of order, the calling of the ayes and noes, or one way or another, the order remains unexecuted up tothe present moment. It was known thet the law weuld go intoeffect on the Istof February, and if re pealed at all, it was important that it should be dene at once. If by further delay in acting on this bill, the re peal of the law was prevented until it went inte opera- tion, at least in some portions of the United States before the intelligence of its repeal reached them, the effect would be most injurious, and he had therefore,on his pute ed a speedy action on the measure. The gen- eman from New York (Mr. Granger) in the course of his remarks, hal adverted to the course of those who had voted for this measure at the extra session of Congress, and were now voting for its repeal, as presenting an in- stance of inconsistency and cruelty unexampled in the legislation of any country. Buthe would call attention to the fact that the law was passed under peculiar cir- cumstances, and its going into operation was postponed until the Ist of February ensuing, and why was this done? For the purpose of enabling the people to pass upon it. Many votes were got for it on these grounds. Ye: many gentlemen had voted for the law on the expret condition that it should not go into opnration until pop' sentiment in regard to it should be ascertained, and they should be at liberty to change their votes i their constituents were op; tlemen whe had thus act a majority of their constitu A should not be charged with inconsistency or cruelty for h Territory, beginning with Maine, and the Territory ory ce eensia, alterostely ; and if,en any day, the whole of the States’ and Territuries shall not be called, the Speaker shall begin on the next day where he left off the previous day : provided that, aiter the first thirty days of the session, petitions shail not be received, ex- the first fthe meeting of the House in each | the course they had adopted. Nay, it wasunj ist and oo Oe ae yg the fret day of the week, he asked | cruel te those who stood in that relation, to wake such Whether petiti ne new im order, and whether | Femarks. So far as their constituents were concerned, their numerous petitions for the repeal of this Jaw were indubitable evidence of their sentiments, and as to the opinions of the press, why, one of the New York papers had ‘en the names of several gentlemen who, it al- leged, were bribed by British capitalists, and their hum- ble servant, (Mr. Marshall) who had not the first red cent in his purse, had been charged with having received for his share one hundred thousand dollars. Yes,he and his colleagues were charged by this newspaper with having received $100,000 eash. (Mr. Sprigg said he was not one of them.) He made those observations to show how much importance was to be attaghed to the epinions of a hireling press on one side or the other, and to ex- plain the motion he was about to make. If the law was to be repealed, it should be done speedily, to prevent in- jurious consequences. It was net, therefore, from any want of feeling, er any intemperate haste, that he now moved the previous question. (Loud cries of agreed, agreed.) ‘exDLeToN asked if it would be in order to move a re commitment of the bill. order.) The Sreaxen said it was not. the House had passed any order which suspended that under the that the said the rule did not appl: mn of the bisiness of the Hou: Jon: asked if it would be in order to nd the rules to admit the presentation of petitions memorials. He had a great many memo- rials in his possession, remonstrating rary the repeal ofthe Bankrupt Law, which he would like to have an opportunity to present. TPueSerseecasid it woul? not be inorder. The first question for the consideration of the House was the ap- al taken by the gentleman from Virginia (Mr. Wise] m the decision ofthe Speaker. Mr. Everett said he nad made a motion to lay the ap- peal ontke table, but as he now thought the motion was not in order, as it was not uponthe journal, he would ‘withdraw it. Mr. Lewis Wittiams moved for aeall ofthe House. Mr. J.C. Cuanx called for the haan and nays upon this motion, which were ordered, and were ayes 48, noes 151. Mr. Live asked ifthe gentleman from Vermont [Mr. Everett) had withdrawn the motion to lay the appeal on the table, and being answered affirmatively, said he ‘would renew the motion. The Srxaxer Mr. Spaiao suid he he previous question. r a i as his colleague (Mr. Mi Mr. Everett considered the motion not in order, and | question, he supposed he would have tdsubmit. (Much asked for the decision of the Speaker, who decided that laughter, d cries of go it Sprig.) it was in order. r. RoossveLt rose to a point of order, and for the Mr. Wisg asked what would be the effect if the appeal | purpose of iting his point der, he would ask leave ‘was laid upon the table? to present a number of petitions. (Loud cries of erder, Sreaxen said it would leave the decision of the | order.) — Speaker as the judgement of the House, and the bill would take its place on the calendar, to be reached inits | order. erder. " Mr. Roosrvext said he could not present his point of Mr. W. Sotu inquiredof the Chair whether this bill | order, unless he permitted to proceed. He had a was not introduced while the House was inexecution of | number ef petitions and memorials. (Orjer, order, an order made by two-tuirds, and whether this order order: Mr. inte objected to this course of proceeding, and inquired if it was in order he Sreaxtxsaid the gentleman must state his point of order. Mr- Roosevetr said his peint order was this; he held in his hand a great number of petitions and memorials, seme in faver of and some opposed to the Bankrupt Law on which the House was about to act, which he asked was exhausted by reporting the bill, or was it in force until the bill was periected. ‘The Sreaxcn seid the bill was reported by a special order efthe House, directing the Committee to report inatenter, that the order must be construed strictly, and ‘was, in the opinion of the Speaker, exhausted when the r. SPRiGa that entertaining the highest opinion for the judgm: {the Sreaxer, he could not violate his ‘own conscience, and would have to vote against his de- from all parts of the Hall ) cision. (Roars of laughter.) The vot ing the appeal on the table was then | this point in order to present petitions. announced ayes 168, noes 117. ‘The Sreaxer said the gentleman must state his point The previous question was then seconded, and the | eforder. main questain ordered. Mr. Lewis Wituams asked what was the decision of the Sreaxea from, which the appeal was taken. The Sreaxer that when the bill was reported from the Committee, it was read for information, and the gentleman from Mussachusetts, (Mr. WixtHnor) had Taised a poiat of order that the bill having been reported, the order of the House was exhausted and,that the execu- tion of the order for the presentation of petitions was the next businessin order. The Srzaxex had sustained this int of erder,and from that decision the geatleman from ‘irginia had appealed ir. Everett asked if tho decisionof the Seraxen wos sustained would not petitions be the next business in or- der? ‘Mr. Wise objected to this argumentive i Mr. Apama then inquired of the Sreax: the question, who repeated what he had said in reply to Mr. Witttams. not in order.”) objects 0 the reading of his statement. EVELT Was again Oe proceeding, when— Mr. Turney called him ler. 0 right to call me to order. T jeman from New York will come to order, and take hie seat. He cannot present pe it the unanimous conrent of the House. easion, representing the voice of the peo f'No, no; object,” ke f and which the order \d heretofore prevented him from presenting. [Order,order.] It wasa constitutiodal rightof the peo- to be heard ow alk suijects coming within the ape of their legis! [Cries of “ Order, order,” and the utmost con! mn prevailed} Mr. Agnotp supposed that when ete passed the bill to repeal the law,they wouldthen admit petitions and memorials, that remonstrated against the repeal. (Cries of order, order.) Mr. Everett asked if the Speaker had decided that the gentleman from New York (Mr. Roesevelt) could not raise a point of order. The Sreaxer said he hed decided no such thing. He had requested the gentleman from New York, three se- veral times te state his point of order, and he had not done it, but asked leave to es certain petitions, which were not in order at this stage of the proceedings without the unanimous consent of the House. Mr. Catnous appealed from the decision of the Speaker, and the ayes and noes were ordered on the a Phir. Wise understood the point of orde: to be this :— The gentleman from New York (Mr. Roosevelt) had in his possession certs petitions, in relation t> the ques- tion before the House, and insisted on his right to presentithem. The Speaker decided that he had no right to present them at this time, and from thet decision the gentleman from Massachusetts (Mr. Calhoun) had taken an appeal. If such was the question, he would vote to sustain the decision of the Speaker Mr. Roosxvexr said, the getleman had not stated his peint of order correctly. (Cries of question.) The Cuenx then commeneed calling the roll with the name of Mr. Avams, whoinquired ifthe gentleman from New York had withdrawn his poiut of order. Mr. Roosgvect said he had not, and insisted on his constitutional right of doing—(the remainder was lost in the uproor of the moment.) ‘The Srxaxen saidthere was no point of order made by the gentleman from New York ; he merely wished to present certain petitions. Mr. Apams insisted that the gentleman from New York did m: point of order, and he demanded that the point of order, and the Spesker’s decision of it, ve re. duced to writing, so that they might know what they were voting on. The Sreax«r said that the appeal being stated from the Chair, the gentleman had no right to demand thht it should be reduced to writing, and his demands would not becomplied with. (Great laughter.) Mr. Apans, then I shall not vote on the question. It is tyrannical and unjust on the part of the Speaker—(loud cries of order, order! order !) ‘The Sreaxea.—The gentleman from Massachusetts is out of order, and must take his seat. Mr. Apams (greatly excited,) the gentleman frem Massachusetts has taken his seat: (Great laughter, in- termingled with criesof order ! order !!) The Crxax then read the puint of order, and the deci- sion of the Speaker, as it was taken down by him, which was tothe effect that petitions could not be presented at that stage of the proceedings. Mr. Roosevetrt said that was not his point of order.— The most material part was omitted. It was emas! culated. (Cries of order, order, order, question, question, completely diowned the remainder of his re: ‘ks,thouch he was evidently speaking at the top of ad been somewhat restored by the exertions of the speaker, he proceeded.) His point was that he had in his posseavion several petitions and memoria’ ih for and agai the repeal of the Bank h the House was sboutto and which, owing to the order of business he had jo had no op; pet BS ean A He took the first opportunity of presenting them to the House id his point of order was that the people of the United States had the general right of being heard on all sub jeets within the scope of the legislative functions of the body. Thi constitutional right, of which the not, hy any set of rules, deprive them. Mr. Cacnoun thea withdrew his appeal. [Cries of question question.) ‘The question was then taken on ordering the previous question, and the name of Mr. Adams being called he said he would not vote until the Speaker decided the point of order, (laughter) Mr. Menaiwetner, before the result was announce, ‘The Sreaxea—Itis. ‘The vote was taken and announeed to be, ayes 99, neos 118, so the decision of the SreakeR was reversed. At least twenty gentlemen sprang to the floor, sbout- ing at thetop of their veices,“ Srraxen,” but the Sreax zx awarded the floor to . Mr. Graxcen, who inquired if it would be in orderto move that the bill should be rejected. The Sreaxer repliedin the affirmative. Mr. Grancer said he would make that motion. He did not intend te speak againsttime, but he was un wil ling that a measure which Kad brought hope to many an aching bosom, should crumble inte dust, witheat one word being permitted to go forth in its behalf, though he was aware that tnedecree had gone forth, and that nothing that he could say weuld have any effect to ar- reat the execution of it. He had supposed that at the last session, aiter the bankrupt law had with all the solemnities of legislation, that it would be at least permitted to go into effect. s) thut it might be tested b ‘ience, But scarcely have three months passed, without permitting the law to go into operation, i its repeal — ‘And on what grounds he would ask, was it demanded ? Not a petition had been presented from any other State than Kentucky, in favor its repeal, and if those gentle- men whese drawers were bled with petitions and me- morials, remonstrating against its repecl, were perm ted to present them, they woukd outweigh those i vor of repeal more then a hundred toone. Ho w: prised to see gentlemen ao blooithirsty for the of abill to repeal this law, this creature of months legislation; and he was still more surpri see those who assisted in its passage, the first to clench the nails in its coffin. From whence came the demand for its repeal? Did the people demand it? Did the demand it? Even if the press did demand it, it would be no evidence of popular sentiment ;— for wealth and power might probably exercise an influence which bankiupt poverty could not; but the reflects the popular opinion, the opinien of the ‘mess, in favor of the law, No, it was only those who ‘were willing to suck the blood of the unfortunate debt- or,d rop after drop, that were against the law, and never yethad law for the amelioration of the condi- tion of suffering humanity, but it had met with the op- position of this class. When the bill for the abolishment of imprisonment for de>t ia his own State waf enacted, it met with the most violent opposition, but it had lived itdown. And he had seen aa instance of the influence of the feeling to which he had alluded in the National Intelligencer of this morning. which stated that the Le- gislature of Alabama had passed « law authorising the Fedemption ‘ef property sold by the Sheriff within three years irom the day of sale, upon the tender of the pur Chase money; and the editor expressed his fears that if such a law were passed, it would have an injurious ten- dency in unsettling confidence and impairin; Mr. Payne said he thought the statement was false. Mr. Gnaxcea hoped not. It was much to the credit of Alabama if she had passed such a law. In New York the passage of a similar law was resisted for many years, but at length the people hed risen in their maj an manded its passege. Jt wasapassed, and it al = all opposition. w 0) rich in the min f the poor, but the history of all coun- tries bore witness to the fact that money-lenders after Tuining business men, by exacting exorbitant interest, ‘would suck every drep of blood in their body if all their demands were not complied with. The Banks were in fevor of a repeal of the law, bee: would do away e which strikes at the root of sil morality. they would be uo longer allowed after afford- ing un! fated Tecilities to individuals, and puffing them into importance, and thea when the bubble b , Ste, in and save themselves. To might be added thore fraudulent debtors who were unwilling to surrender their property. He was in favor of fixedness in our legis- hi s friends were lend fickle instance ofle- in this other country. Ifthis bill was to in this sudden, he would say almost violent manner, had liv \d despised dice against the ‘what of hope was left tothe unfortunate creditor 1— | moved to compel Mr. Adams to vote,(cries “of no, no,” There would be no chance to pass another law for the | “don’t attempt an impossivility ;” “too hard headed;* next fifty years. He was aware that it was too much the | ke Nr. Apams.—1 thank the gentleman for his notion, (laughter.) ‘The vote was then announced—ayes 121, noes 99. The main question, “shall tho bill be rejected,” wee dered. Mr. Souzers inquired of the Speaker whether he might assign his reasons for being desirous of being ex- cused, and Feceiving an affirmative answer, he said that he had voted for the Bankrupt law at the Jast session with theexpress understanding that it was not to go into operation until it was amended. That was the contract, and he held the Chairman of the Committee (Mr. Bi habit to chara ize those who were engaged in the speculations of 1835, as mere adventarers ralthout capi- tal ; but this was not so, as many men who were ineasy circumstances were engaged in them, and by their un- fortunate termination sunk their wealth and enterprize | o1 ether. He was not di to estimate the number of these unfortunates as as some hard done, but there were at least one hundred thousand of our most not only placed their ener- kk in the operations of riod. ey had, to be released from tl Do gentlemen Feflect on the consequences of withholding from the pro- H tly responsible to him, for not hav ductive energy of the nation, the efforts of two hundred Seserh forward these nd ment x thousand n for five years. It would | Mr. Banwanp wished to correct the gentleman as to a much as all their debte at fs L. the present time. Now ay, produce nothing, because ws 0 7 Sortens—(with much quickness)—False, what they would not be permitted !oenjoy what they produced. | sir ‘The honor, morality ,the presperity ofthecountrydeman-| Mr. Tunsry rose to a point of order. The gentle ded that the law should not be repealed. There were | man from Maryland wished to give his reasons ior not thousands to whom the repesl would come as the death The gentleman from New York need not give knell ofevery hope. They had reason to believe that him. the day of r but their government aid he only wished te correct him as to steps in and dashes the y from their lips. It did n he would himself correct the fs ling the least disrespect to ling this law they were guilty Neled in the Le mere taht ‘that ir had drawn from it. was not aware that there was such 0 of a cruelty unj e fact in existence. (Great laughter.)— try. It was related of an Athenian scul; favor ofa general system of bankruptcy chased two slaves over whom he had the power of life opposed to the law as it passed, as many and death. Toone he promised er in order to ex- were precluded frem the benefits.— cite those feelings of joy which tl ope of freedom } (Cries of order, order.) death and mortal suffering excited, and pro- esing excellence at the «xpense of Repeal this law, ugh its effects are not arts of thousands in the destruction of their blooming hopes n of (Cries of no, no—not in Mr. Sraicc asked what was the question before the e to say something, but shall) had moved the previous The Sreaxer.—The gentleman will state his point of ave to present. (Cries ef netin order, not in order, Mr. Tuaney ogaim called him to order. It wasnot at Mr. Rooseveir said he would send his point of order to the table, sothat it might be read. [Cries of ‘No no; Mr. Tuaney again called the gentleman to order, and ext then asked the unanimous consent of resent the volume of petitions, which he he perceived the House was unwill- 3, aud he would publish them— (Langhter, and cries of ** that’s right.) _, The question was then taken on rejecting the bill, and it was decided in the negative—ayes 97, noes 124. Twenty members sprang to the floor, butthe Srraxan said that the gentlemen were not in order until the bill was read a second time. ‘The bill was then read a second time, and ugain there eof “ Mr. Sreaxen!” delivered, but the e Mr. Lewis Wittiams, who moved to recommit the bill with instructions to bring in a bill to postpone the opera- tions of the act until the first of March next. Mr. J.P. Kunwey beggea permission to iuterrupt him, but would only propose for nis acceptance as a substi tute, what he had written down, which he woul! send to the table tebe read. The amendment proposed to sus- pend the bill until the Ist of May, and directed the Com- mittee on the Judiciary to bring in a bill to amend the act in such particulars as they mey deem necessary. Mr. Witttams accepted the modification, and moved the previous question, (general laughter.) Stop, stop, Mr. Beeaxen what would be the effect of the previous question? The Sreaxen, to eut off the instructions,and bring the question on the engrossment of the bill. Mr. Witutaste—-Phen | withdraw the demand for the Previous question. Mr. Stanxey suggested to his colleague,to modify his instructions by including banks, which he accepted,butt the amendment having been read, he desired te inser the words “expediency of” before including. [General laughter,) but then withdrew his request. A great number of gentlemen sprung to the floor, but it was assigned to The previous sand the House decided, ayes 111, noes 89, that the main question should be put. main avestion was on the engross ment of the bill, which was also decided iu the affirma tive—ayes 124, noes 96. Motions to read ita third time then on Tuesday, were negatived, the affirmative, that it should be read a third tii now.” The Crenx read the bill a third time, and the previ ous question was called onthe passage of the bill. Mr. J.C. Craaxe obtained leave to be excused from voting on this question. With much warmth he pro- tested against the hot and indecent haste with which the bill had been hurried through, before he and oth- ers could have an opportunity to ‘present the indig- nant remonstranees of their constituents ageinst it, beneath which their tables groaned, and therefore he did not wish to vete upon it. ‘When the honorable gentleman was excused the House wasconvulsed with laughter, as it thereby diminished the vote by one at his own request ogainst the passage of the bill. The final passage of the bill was carried in the affirma- tive by a majority of 126 to 94. A reconsideration was moved, that it might not be moved hereafter, and it was negatived under the opera: tion of the previous question, which was moved upon it Mr. Annotp then moved to amend the title of the bill by adding the words, “ it being the first important act of spony nature which has ever been passed without de- ate.” Mr. Wise [rose toa point of order. He said shied re posed amendment was in no manner descriptive 0 the ill but was finconsistent with its character—in the next place it was indecorous and insulting to the Ho for it asked the House to cast a reflection upon itself,and in the third place it was not true in point of fact. The Sreaxrr decided the amet @ be out of or- der, and the previous question w ain called for un- der which the title of the Bill was agreed to, and the House adjourned at half past fou lock. Mr. Arnotp having first very facetiously, or ironioall, moved the “previous question,” on the motion to ad- journ. Baltimore. [Correspondence of the Herald.] Battimone, Jan. 18, 1841-9 A.M. Mr. Epiror— 1 have looked at a late Cincinnati paper this morning. It contains nothing further of the riot. It is stated in the same paper, that a mob has taken place in Lousville, Ky., and that the concern of Lougee, in that city, has been demolished. The resuroption bill was brought up in the Legis- lature yesterday, argued at some length, and laid on the table, to be taken up to-day. The Speaker of the House, J.C. Le Grand, has been somewhat indisposed. Toney, the abolitionist, has had a hearing, avd was cemanded to prison, to await fur- ther investigation. Wa A alls ‘The annual session of our City Council com- menced yesterday. His Honor the Mayor, sent in a very neat communication, in which he, like Cap- tain Tyler, recommends an exchequer bili for the improvement of out much complained of cur- of almost every descript: to $5 874. The grain market is without change. I quote exchange on New York at 83a 4 pi premium; Philadelphia lj a1} discount; Virginia 2] a 33 discount; Railroad Orders 14 disceunt --- ‘The weather, this morning, ie fair «nd very plea- sant. Yours, Twist. Philadelphia, {Correspondence of the Herald.) Puivapecenata, Jan. 18, 1842. Close of the Investigation Against the Late United States Bank Officers—Decision of the Recorder Against Them—Held to Bail Each in $10,000 to Appear and Stand Trial—Jaudon Commilted— Further Prosecutions—Fire—Lectures—Stocks. After closing my letter yesterday the examina- tions in case of the latejoflicers of the United States Bank waz continued, by the witness, Mr. Taylor, reading the mivutes of a meeting of the Board, held January 3), 1840, at which the claim of Mr. Jaudon to extra compensation, as the [European agent of the Bank, were discussed and disallowed. By a re- port of a Committee made at that meeting, it ap- peared that Mr. Jaudon reecived a salary for thirty months’ serviees, equal to $84,000, b: ome credited to him, and claimed an extra ion for procuring loans to the Bank compens: amounting to $67,910. ‘The cotton speculations of Mr. Biddle were next referred to by the witness, by which it seemed the Bank sustained a loss of $631,390 97, beside: other loss on cotton exported by another autho from Mobile. A detailed report of this matter is unnecessary, as the public are a'ready acquainted with thetransaction. A resolution was paseed at the meeting of the board at whichthis matter was reported, declaring that the large loans made by the officers of the Bank in 1837, 1838 and 1839, were unauthorised by the Board and in violation of the rules of the Bank. Mr. CaMPBect, counsel for Austin Montgome- ry, asked the if the receipts and charges referredto, om the other examinstious before the Recorder, were left in the drawer of the cashier until made up im packages? He replied that some were charged on the day of their date, but the rest remained in the te!ler’s drawer, much cash, until made upin packages. The packages endor> ed by me, said the witness, were put into my hands hy Mr. Andrews. In reply toa question from Mr. Brewster, the witness tated that Mesers. Boland, Lippineott, Platt, Henry, and Ralston, were the Committee on the State of the Bank, March, 1838, and he produced their report made during that month: In this report, the committee sta'e notes of the Bank and Branenes to the amount of $3,282,500 had been cancelled and burned by them, and among the rest, ten post notes, dated in February, all on t same day, and made payable to J. Andrews, in th days after date, fur $40,000 fh, were s@ cancel- ledand destroyed. in a statement made by the committer, these post notes were marked ‘ not is- sued.” The witness said he never saw them, and knew nething of them until he saw the entry upon the statement referred to. The first time he knew any thing about them, was when he discovered by harge made in reference to them, that the Ban! appeared to be paying more notes than it had is ed Mr. Patterson, the first Teller of the Bank was next called and sworn. He stated that he entered the Bank in 1816, and had continued in it until t present time. He referred to the entry of notes burned in March, 1836, and stated that the words ic+ of the $400,000 named in that re- Pai ceipt amount. rec ie my draw til the entry was made, as so much cash. He stated at the time that be was go- ing to hand it over to the President. He brought the post notes to me, and told me (0 charge them to the note account of the t bank Mr. Patterson said that he did not know that these notes were issued, ag he had any thing to do with them. He could not say what became of Mr. Andrews’ receipts fort! ‘The notes ‘were made tc cover ft cei, which was all paid out w befo.e the c! of the old charter. There was no entry of the items until the total amount was made up and recorded. I don’t know that any search I looked for them was made for these receipts. without success. When Mr. Andrews brought these notes to me, he waited I made an entry of them, and then y with him. 1 do not know whether I discovered at one time that to be payin iT do not reco! I mentioned the diseovery to Mr Andrews, and suggested that an entry should be made te correct this apparent error. My impression is thai Mr. Aadrews got the whole of the $400,000 referred to. Mr Jandon was Cashi ¢ Bank in the early part of 1836. I had acon’ tien with Mr. Biddle about a yearafter he resigned, about these $400,000 and again on the same subject about seven monthse ago. He asked me re-peeting them, and appeared to be ignorant of their existence. He did not say he knew nothing about them exactly, nor do I re- ccllect precisely what he did say. I never spoke to Mr Jaudon in reference to them. I think | told + as he said, on He did not deny—bat I cannot give the details of our conversations. The ercss-:xamination of these wit 6 was conducted prineipaliy by Mr. Cadwallader, the counsel of Mr. Jaadon, and elicited theffact that the oaly ticket or memorandum on which money had been paid, as stated on the previous +xaminations, connecting Mr. Jandon with these payments charg- es to ‘ permanent expenses,” wasone which autho- rised a payment to Mr. Fra: Cashier ef the Brauch at Louisville, and that this payment was made under a resolution of the Board of Directors. The extra compensation claimed b: while agent in Europe, which was first dis ored by the Directors, was subsequently recognized by them and the amount thcad to his credit. ‘The rest of the cross examination was chiefly in- troduced to estabiis the proposition that the acts for which the defendants were now arrairned, were known to and approved by the Board of Di- rectora, and had also been published to the Stock- holders at their meetings, by various committees, besides being entered in the account books of the Bank, and thus placed within the observation or all who desired to inform themselves of the condi- tion of the Institution and the conduct of its offi- cers. Here Mr. Cadwallader elosed his examination of the witness. Mr. Read then called the witness’ attention to the monthly statement, Ist May, 1836, sent to tar- risburg, and pa ticularly as to the amount of bonus and permanent expenses of the month then set down, and compared them with similar charges in several suceeeding months; the object of which was to show that these published statements com- pared exactly with the accounts onthe book, and that the losses showed a progressive increase. By Mr. Meredith- The settlement wiih Mr. Biddle as to the sale of the Branches was final By Mr. Kane—I know the sums receipted for by Mr. Bunlap never reached his hands. Mr. Brewster was about asking some further questions, when the Recorder inquired if the de- feneeha closed the cross-examination ; being an- swered in the affirmative, he rephed that the pro- secution need not proceed further, that he had made up his mind as to his course, and if the parties had any thing to say he would now hear it. K. CADWALLADER said he was the junior coun- sel, and it might be expected that he should speak; but he did not wish te take up the public time, and with the exception that the defendants withdrew the proposition made at the commencement of the investigation, assenting to a binding over, he had nothing to cay. The Recorder then read his decisionin the cae, as follows : On the 6th day of January, Austin Montgomery eame before me; made the necessary oath charging Nicholas Biddle, Samuel Jaudon, Joseph Cowper- thwaite, Thos. Dunlap, and John Andrews, with a conspiracy to cheat and defraud the stockholders of the United States Bank of Pennsylvania. Process was issued and served, and at 3 o’clock, N. Biddle, 8. Jauden, and T. Dunlap came and de- sired to be bound over to Court forthwith. This was refused. They then entered bail in $10,000, for their appearanee on the 13th of January, fora hearing. ‘Ihe following day Mr. Andrews sent to inform me that indisposition prevented his personal appearance, and entered bail in a like sem. The next day Mr. Cowperthwait came in custody, and entered bail in the former case. On the 13th of January, the defendants all ap- peared. J. M. Read, Esq , counsel, with N. Bid- dle, on behalf of his client and the other defend- ants, asked, after the first witn was sworn, and before an examination had b entered into, to give bail for their appearance the Court of General Sessions, To this preposition I requested to be informed if the defendants admitted or con- eeded that sufficient probable cause existed on which to found the binding over. After consultation with his colleagues, he re- marked that the defendants were willing to be bound over, but denied that sufficient grounds ex- isted, and was unwilling to coneede their exist ence for the purpose desired. ‘The counsel for the prosecution were willing that the course suggested should be adopted, so far as their clients were interested. 1 then decided what I still bpve reason to believe is correct in law, that no magistrate can legally bind over any person or persons charged with a criminal offence, witheut probable cause being ei- ther admitted or conceded by the party or parties defendant; or its existence being proved on oath by the persen or persons making the charge. The acesensy te senate for binding over is proba- ble cause for the act,and e magistrate cannot know of the fact without its admission, or due proof. ‘The oath accompanying the information on which the warrant issucs, has partly fulfilled its office on the decision of the magistrate to grant the process, the reridue of its duty is to protect the magistrate in the exercise of his pretogative. The next step is to ascerts.in if the charge be well founded; or in other words, if there exists probable cause for sending the party{charged with the offence, to trial by his peer. In the case of the United States vs. Burr, ‘ Pro- batle caus ” is defined to be ‘a case made on by proof furni good reason that the crime alleged has been committed, by the party charged.” See case of U.S. vs. Burr. ‘ It was to ascertain this, to inform my conscienee of its existence that I required this hearing to pro- ceed. To omit doing this, would have been act contrary to my duty, taking for granted that w I did not know, and which was neither proved ner conceded. Inany case, but especially in one of this magnitude, such a cow would have been culpable. ‘ Ihave thought it proper to state my views thus at large on this point, so that if I have erred in judement, or in law, it may be corrected. What was stated at the re Cae of the present inquiry, 1 now repeat, that have no desire to do any thing by word, or act to prejadice the case of the defendants—e conscientious belief in the cor- rectness efthe course pursued, alone influence me ii tion—' desire still remains with me. st, therefore, I sould do what I d avoid, I have deemed it best neither to col strong facts in thecase, on which the di regard to it rests, nor to sum wp oF expres: nion on the character or weight of the testimony adduced in support of the charge. It is only necessary to say that the evidence has created in my miad a‘ goed reason to believe that the crime alleged had been committed by the per- sons charged.” Withthis I shall content myself. The law points out a means to revise, correct,over- rule, or confirm this conclusion. Like the humblest citizen, the defendants are en- titled to a fair and impartial trial, and if any act of mine, consistent with the duty of a public officer, can tend inthe remotest degree to this end, it will be a cause of gratification, not only to myself, but to all good citize If they are innocent, they will be acquitted ; if gulity, punished. There may be others, whose acts in connection with the property of the Stockholders of this Bank, require scrutiny—but as they have not been called upon to answer, and I consider that it is no part of my duty to originate proceedings, but siin- ply eonfine myself tothe case. before me—thoxe justice has been disregarded, have a mode whereby to vindicate her laws, and their rights. tt is therefore ordered, that Nicholas Biddle, Thomas Dunlap, John Andrews, Samuel Jaudon, and Joseph Cowperthwaite, each enter into ase. parate recogniga with two or more good and sufficient sure-ties, in the sum of $10,000, for their appearance at the present session of the Court of General Sessions for the Vity and County of Phi- ladelphia, to answer the crime of which they thns stand ch 5 Forthe convenience of the parties, the Recorder said he would continve their recognizance until would meet office to receive bail. In conse- uence of a death in the family of Joseph Cowper- thwaite, he requested to enter bail at once—and did Mr. Hulings Cowperthwaite, and Abraham isle justifying in the required amount. At the designated hour to-day, the parties ap- eared, and severally {ections in bail as follows :— For Nicholas Biddle, Mesere Com. Biddl eand E. 9. Biddle; for Thomas Dunlap, Messrs. N. Fra- zierand J. W. Perrit; for John Andrews, Messrs. James Tyson and E. Shaw. Mr. Samuel Jaadon was committed to the custody of an officer, and an as eorpas immediately issued by his eounse! bel Iam very credibly informed to-day, that new and further prosecutions are about to be institut d against other offi of the Bank. The work but begua—where it is to end, Heaven only, kno nite a destructive Gre in Camden, city, last night. A large coach ma- aa destroyed. Ti learsed piaekemnith E. Burnett, and ©. Brownson, are to lecture here this week. h will have good admirers. T ness in stock: tortar ae light, at 9 far- theradvance in State fire oe Jamatca.—By_ the brig North of port yesterday from Jamaica, we ld fi'e of the Kingston Journal to he oribar. The British brig Jolly Tar. from Lege, was wreaked on the Jourdeine «y= |? ver, crew, and part of the cargo save, — | ify tine rican, Jon, 18. rr) neLaUGnnrn manding the Florida Expedition, to the Se cretary ae Navy, dated “ Kev Biscayno, Dee 23. 1841. “* Lam happy to say the health of the coumund is improving. The sick list bas decressed very much, although we have had five deaths within the month, and among them we have been called upon to lament Midshipman Niles, a most promising young officer, whose ripening talent was develop- ing the promise of great future usefulness. He died and was bw with military honors at Fort Sim- mons, on the Carloosahatchie, having received from the officers at that post every comfort and attention which the kindest feelings could suggest.” Duxeas K, Mackey q » of Fayetteville, N.C., has been appointed bearer of despatches from go- vernmentto the United States Minister at Mexico, on the subject, as it is said, of the Santa Fe Expedi- tion, whieh was captured and butchered by the Mexicans. He is likewise Bearer of Despatches from the British Minister at Washington. . Mr. MacRey arrived in Charleston on the Ith instant, in the steam packet Gov. Dudley, and left on the rail road on the next day, for New Orleans, where he will embark on board one of the revenue cutters, for Mexico.—Baltimore American, Jan. 18 Countrerrriten ARKESTER —A notorious coun- terfeiter named William @xegor, was arrested early this morning, on a warrant issued by the Recorder, and sent to Reading, the scene of his frauds and depredations. He is represented asthe head and pcg alarge gang of counterleiters.—Phil. Gaz. lan. 18. The House of Delegates of Virginia have passed a bill which provides that after a session of ninety days, the pay of the members of the Legislature shall be reduced to twe dollars per diem.—Balt. Amer. Jan. 13. Navat.—The Norfolk Beacon of Friday says— We learn that the U. S. sloop sf war Levant, Commander Fitzhugh, hus been ordered to the Spanish Maine oa special service, and is expected to sail imme diately, WThe U. 8. sloop of war, York Town, Capt. Au- hk, was at Otaheite, Sept. 30, for Callao The U. S. frtgate Columbia, Capt. Parker, (of the home a aah dropped down from the Navy Yard at Boston, oa Thursday last, and is ready for sea. Supreme Cover or tHe Uniter States.— Saturpay, Jan. 15, 1842,.—No. 6, Merit Martin et al. plaintiffé in error, vs. Lessee of Wm. C. H Waddell. ‘The argument of thi tinued by Gen. Wall forthe plainti: by Mr. Wright for the def Musical and Theatrical, Parx Tueatre.—Mr. Simpson’s benefit last night atthe Park drew an excellent house, better than any preceding it since the departure of Md’lle Els. sler. We were pleased to see it, and hope this will be the precursorto many more. London Assurance was played with much spirit, and Mr. Williams’s Dolly Spanker was better performed than on any previous occasion. He forsook the clownlike [de- meanor of his previous performances of the part, and assumed more the manner of the timid gentleman. How isit possible that the gay and dashing Lady Gay Spanker could ever have fancied an idiot for a husband? Yet thishas been the idea conveyed by Mr. Williame’s previous representations of the cha- racter. Last night, to the satisfection of every body, he altered his manner and obtained much applause. Mx. Branam’s Fareweit Concert.—This gen- tleman’s Concert at the New York Lyceum last night was brilliantly attended, and never did a per- formance go off with more eelat, in spite of the in- disposition the great vocalist was laboring under.— Previous to his opening song Mr. Braham informed his audience that he was suffering from the eflects ofa very severe cold, and although he felt unable to do justice to them and his own reputation, he would brave asturm, if he might come in for a portion of their kind indulgence, fer any inefficiency on his score. This announcement was received with much good feeling on the part of his assembled admirers, and every song, with one or two excep- tions, was honored with anencore. Beyonda doubt Mr. Braham was laboring under a very severe cold, acalamity which befel him a night or two ago, when crossing the ferry togive his concert at New- ark. Last nighthe evinced much hoareeness in all his songs; the eflect of his great Brigand Song, from Fra Diavolo, was somewhat marred by his inability to give utterance to the sweet sound of that grand com- position. Nevertheless it was received with much ap- plause;of it from any body else, would have been con- sidered a masterly performance indeed; had Mr. Bra- ham been in good voice, his execution would have been faultless. We cannot dismiss this notice without recording our high estimation of the “* Miniature,” which was honored with an éncore; the words show much ingenuity, and reflect great credit on the writer. At the clese of the performance, the ap- plause evinced the satisfaction aflorded the audience, and likewise added another flower to the garland which already entwines the glorious fame of the King of Song. ut ten o’clock, discovered in the extensive Coach ma- nufacturing blishment of Mr. Vansky ver, front- ing on the river Delaware. in Camden, N.J. It wus, to all appearance, extinguished at the time, but about one o’clock, this morving, it burst out again. At the time we write, the building is one complete sheet of flime. The frame blacksmith shop adjoining the main building, is also in flames, and there does not appear to bea of saving them, the firemen direciing their ener; entirely to save the surreunding property.— Philadelphia Gazette, January 18. QG- Tue Insares or tHe Deeror’s Parson beg leave to acknowledge the receipt of a sumptuous dinner from the hands of our worthy Sherifi, to whom we tender our sincere thanks. By order, Ina Stearns, Chairman. New York, January 17, 1842. CITY Di 'Y DESPATCH POST. Principal Office, 46 William Stre: of complete check has been arranged,so as to ensure des- patch, punctuality, it; Brancu Orrices out every part of the city, al ters under two ounces weight will be delivered three times a day for three cente each. Option will be given free the letter or to send it unpaid. Post Parw Lerten: tess to be delivered free, must have a free stamp affixed to them—an ornamental stamp has been prepared for thet purpose, which may be pro- cured at the principal-office, or at those stores which will be advertised hereafter, as authorized togell them. The charge will be thirty-six cents per dozen. or per hundred. Parcels not exceeding one pound in weight will be charged proportionably. ‘Usraro Letters.—Letters not having a free stamp af- fixed to them, will be charged three cents, payable by the party to whom they are addressed,on delivery. Reawrry.—A system of registration is arranged for letters which it may be desired to place under special care. They mast be specially deposited at the principal office only, and the charge will be six cents or two free. Stamps to be paid in advance. Desratcu —A special despatch will be ready at all times for any letter or smal reel requiring irstant de- livery—at 12} cents per mile—application being made at the princival office. epectable parties who a irous of having bo: placed at their stores, are requested to make immedi application at the Principal Oitice, as the list of names will be advertised. ALEX. M. GREIG, Agent. The above is strongly recommended to public support, L M Hoffman & Co. Mores Tayler, Beikusy fee J Prescete Hel, Prime, Ward & King, E K Collins & Co, (if the Post OfficeAct al- W G Bull, & Co, lows it.) John Audubon, F.R. 8. W. F. & F.C.Havemeyer, Warren & Brintnall, E. D. Morgan, Austen Wilmerding,Co. Brown, Brothers, & Co, Hall Brothers, J Haggerty and Sone, Cripps & Co, Morris Earle, Smi Li 4 &Co, Youngs, Ritter & Co, Wadsworth & Smith, John Johnson’s Son, Adams, Petrie & Co, Spofford, Tileston & Co. D C&W Pell &Co, GG=_Sxvvction Paxts.—During the recent trial ofthe Rev. Mr. Van Zant, at Rochester, the Couusel forthe prosecutrix gave the name of Seduction Pantaloons to thoseopening dewn the front. Cant our neighbor Dr. pro wot po ‘ont some Anti Seduction Lozenges—If he could, and make them as effectual as his Cough, Worm, and Headache Lozenges, which do certainly cure those complaints sooner than any thing we know of, he would dohis country some service. The Doctor's office is at 196 Nassau street— Agents at 110 and 273 Broadway ; 77 Enst Broadway, and 188 age Dr. Sherman wishes the public to understand that he has no connection in the store 400 Broadway. Bowray Awenirneata—Sweeny, the unapproach- able banjo player, kept the audience in a roar of laughter last evening, with his uniq e negro extravaganzes. He isa alin the Eth in line. e new en- tree, called the Four Quarters of the Globe, is a magnift cent affair, Many new performances come off to-night, in which the whole company, consisting of thirty active mombers, engage, including the highly talented and classic Rivers family. There will be a day performance here next Saturday afternoon. . Van (cP Also, his Letter of Ex this morning in the “ Daily Mai Yaukee Nation, No. 31 Ann stre World)— price $ cents acopy. nation, is published Extra,” office of the , (opposite the New he attractions at this 0G- Cuatwam Treat the treremain undiminished, and the nightly crowds that assemble in it, fully testify to its popularity A varied bill is offered for this evening, consisting of anew comedy, written exprestly fer Hill, to display has pecu- liar abilities, entitled Jesh Horseradish. The amusin, interlude of New Notions, Hill as Major Wheeler, an the Melodrama of the Maid andthe Magpie, Mrs Thorne as Anuette, Kirby as Henry, and Johnson, C. Mestayer, and the other choice favorites of this est i parts well adapted to their respective abilities QG- Wixten Concents—Ninto’s.—The public a re- spectfully informed that the next grand Promenade Con- cert will take place on Friday evening, 21st inst , when @ choice selection of music will be given by Misi Sloman, Signora Franceschene Garis, Mr. Sincla the celebrated German Band. The Promenade Saleon will be decorated, illuminated, and thrown open, with the grand Conservatory, where thousands of rare and choice planti to be seen in full vigor, and the whole enlivened by the performances of the German Band; a species of entertainment very delightful, and uo where else to be met with, Doors open at7 P.M. Concert to commence at $ 0” clock. Tickets 60 cents. Programme of the Concert in future advertisement. _ QGeAmenican M is the last week of th T.G. Booth, the co cimens of his humorous power 80 appears, and sings a variety of songs. ‘The Paeumatic Railroad model is one of the most le, yet beautiful and extraordinary inventions of the age. be cars are kept constantly running, and apparently without any motive power. This is the nearest approach to perpetual motion we ever witnessed. The endless variety of cu- riosities conta! in this establishment is well worth the repeated visits of every loyer otthe curious. The magnificent views in the ‘grand Cosmorema alone are worth double the rice of admission. We are glad to perceive that hereafter there will be » day perfor every Saturday afternoon, ba erie us OG- “Tur Victim of Cua published a second edition of th is no | tim’s att Broadway, and t! Y ni a oleman has popular book, which for the ladies’ table than fo: sal. For sale at 14 John street » book stores generally. {G- Boweny Asrurruxatne—Crowded houses are the order of the night here. The audiences are luge and fashionable, and every person appears delighted with the tolented and diversified arena and equestrian erformances. The whole entertainments are finished y ten o'clock ; thus giving families and children an op- portunity to retire at an early hour. Tonight an un- usually rich bill of entertainments is presented, includ. ing the performances of the laughter-provoking Sweeny, the Rivers Family, and thirty talented members, male and female. On Saturday afternoon next there will be a day performance. We're informed that one of the most ma: and stupendous works of art ever exhibited in th: try, has recently arrived from Europe. It is a model of the city of Dublin, the construotion of which took the rs. He brings the highest testi- jodel from Mr. Brady, the former Lord !Mayor of Dublin, Daniel O'Connell, M. P. the Duke ef Leicester, the Dean of St. Patricks, &e. ke. We have read these testimonials, and learn from them that this piece of mechanism occu a of nearly three hundred square feet, and that while its geographical cor rectness has been fully proved the most minute attention has been paidto the undulations of surface ; the plan of the city and its environs were then leid according to scale, after h the models of the various buildings, bridges, docks, ke. were erected. It is said that the art- ist has been so minute, that any person who resided in Dublin at any time within twelve years before 1840, ean not only discover the street, but can point out the very house in which he lived Da. SueeMan desires us to say he has no connee- tion with the store 459 Broadway, corner of Grand street. Many have been induced to believe otherwise. Dr. 8. has but one office in this city, and that is his old stand, 106 Nassau street, one door above Ann street, where his celebrated Cough and Worm Lozenges can be had, which cure the w cases of cough in @ few hours, an nt. Dr. 8. has agents 110 Broad- re, 273 Broadway and 77 E. Broad. 1 Bleecker and 297 Hndson street ; eet, Brooklyn; Redding, § State #t. , 29 South 3d street, Philadelphia. (G- Astentcan Musxum.—An immense auditory were present last evening to examine the vast amount of curi- osities collected here, and to witness the intensely inter- bese Hai rae of the Indian Warriors and their beautiful Squaws, who remain this week only. The great improvements daily making in this establishment, evinces a determination on the part of the new proprie- tor, to leave nothing undone which can conduce to the comfort, pleasure and satisfaction of his patrons. This decidedly the Museum of the United States, and the p severance for which Mr. Barnum is proverbial, will render it a place of nightly resort for both citizens and strangers. We are particularly pleased with the lan of the Manager to give a performance every Satur- afternoon, as families and children who cannot well attend in the evening, will find great convenience in this new arrangement. Putrapetema, January 17, 1842. Messns. Pease anv Soxs.—I have heard and experienc: ed the efficacy ef your invaluable remedy of Horehound Candy for coughs and colds, but its superior efficacy in cangrened gums and eaaker of the mouth, | was advised to employ a pill mannfactured by an established quack of your city, fora remedy for a diseuse that only increased by application of this profound fraud. After employ in che stick, end ene stisk only of your cendy, the meutfs was cleansed, the saliver, formerly bitter and disagree- able, flawed with healing virtue, and my wife and child. ren were relieved speedily from a disease, that if neglec- ted, would terminate in aft the woful horrors of cancer, perhaps universally, through the frame. There is no trusting to any medicine for colds, coughs, or asthma, in the general opinion, equal to your candy. | Yours. &. COEN. P. $.—I obtained the candy from your Agent, G. B. Zieber, 87 Dock atreet. 6.0. MONEY MARKET. Tuesday, Jan. 18—6 P.M. ‘The Stock market to-day was very firm, end prices generally rose. Delaware and Hudeon 4 per cent; In- dima dollar bonds 1}; Illinois 1}; Mohawk Railroad 1; Merchants’ Bank fell 4. The rise in Delaware caused the failure of a broker, who has been very conspicuous in the street, both from the extent and skill of his operations as well as from his unbounded liberality and high sense of honor. The Dela- ware stock has been fatal to him, as well as to nearly all that ever dealt in it. It is familiarly called “the saw’? by the brokers, because it cuts both ways. The eccen- tric movements of the stock arise from some of those who preside over the company. The stock has recently fal- len from 113 to 85, and hasrisen again to 97. The fall grew out of the fact that heavy sales of influential hol- ders preduced a panic, and the recent rise was owing to the speculative purchases of certain parties, who are fearful of attracting the attention of the legislature by toe great a fall in the stock, more particularly as the State has had to assume during the past yoar upwards of $500,000 of its credit loaned to companies. A joint resolution has been introduced into the Senate of Michigan, which directs the Attorney General to give notice to the holders of her bonds, that the State re serves theright to contest the paymeut on those por tions for which she has received no consideration. .— The House of Representatives in Tennessee have adopted a resolution in favor of the repeal of the Bank: Tupt Law by a voteof 58 to 15. It is certain to pass the Senate. The Nashville Banner expresses the firm be- lief that four fifths of the people in the State are adverse to the operations of the Bankrupt Law. The bankrupt bill will, in all probability be repeal edin both Houses of Congress. Its fate under the hang of the President is uncertain. The broad principle on which the bill is based, that of legalising a violation o contract bi tween man and man, voluntarily euatered into in good faith, is undoubtedly unjust and immoral. When a person enters into business or speculation onthe pro- perty belonging to another person, it is for the hope of earning money for himrelfif successful ; well knowing that if unsuccessful, either the loss must fall upon the creditor that trusted him, or his own future earnings must be devoted to reimburse him. The present law steps in and declares that the loss must not fall upon the operator, for whose benefit the speculations were entered into, but upon the unsuspecting creditor who was to have derived no benefit in case of profit — Thisis the operation of the law, broad cast. To remove the liabilities of debtors or the claims of creditors beyond what property remains of desperate speculations, is to re move the only check upon extravagant operations or en couragement to the prudently industrious. The plea that most of the present debtors were rendered unfortu- nate by the gambling operations of the banks which were beyond their control, is rendered nugatory by the fact, that those very institutions on which the blame is thrown, are exempted from the action of the I We have received the report of the Comptroller of the State for the year 1841. It is inevery respect an unfortul nate document at thie juncture, inasmuch as it is of w stock jobbing character. It shows a weak desire to make the financial affairs of the State appear to better advan tage than the plain facts will warrant, in order to pro pitiate capitalists in favor of future loans—instead of a dignified document, representing the state of affairstin an impartral light. It is calculated to injure the credit of the State, because it comes before the capitalist as an in terested party, desiring to make the best bargain itcan— consequently it awakens suspicions, which ite peurile arguments are calculated to confirm. A large portion of the document is taken up with criticising the able repert of Mr. Hoffman mnde last year, We do not see how the legislative reports of Mr. Hoffman are connected with the- accounts of the Comptroller. That officer has toattend only to the correctness of his own stat » wandering intothe affairs of the Legislature. is aquerilous disposition running through the re wo Prove that the liabilities of the State are not libilities |