The New York Herald Newspaper, January 27, 1843, Page 2

ag arrived of the conclusion of peace with China, and of complete success having attended our arms in India, whereby the power and influence of Great Britain were re-established, that despoadency and hopelessness which had for Xe larkened the horizon, at once were dispelled, and in place of the disheartening anxiety before existing, vivid enticip ations of future advantage at once arose. New markets and the supplying the wants of millions of {adividuals hitherto shut out from European e, were opened in idea to our view, by which he previously over-stimulated manufacturing the nation might fad present relie!, but where was to be afforded tor further developement increased activity, and @ people almost un- o become tributary to the industrial country. These expectations still conti- heir force have given an impulse to all branches of trade and manufactures, and though the ardor 1 which distinguished the operations of the eks succeeding the receipt of the intelli- les in that period being 120,000 bales) and though the first ebullition having subsided, there has been @ partial reaction, general appearances have greatly im- proved, and the prospects of the country seem again most animating. Property which before was worthless has re- covered a value, and hope has succeeded to what, a short time since, wi mparatively despair. One of the cau ses, and not the least, of the suffering of the last few years in trade, has been the mode in which the joint stock banks have conducted their proceedings. Founded originally uponajust principle of affording greater security to the public, they have in some cases degenerated into instru ments of pri jobbing, and been wielded mainly to fur ir owt. cember, 340 salted New Orleans brought little The demand generally has been dull of late, w: variation in prices. Oils—Fish oils have been in moderate request st previ- ousrates. Oilof turpentine has met a dull ingulry, at the reduced quotations. Olive has been meen jpand & ~ mail lotsof Palm oil were sold recently at 32 pote ( to 32 pounds 10 shilli pertun, Pale Rape an oil have been in flat request at a slight decline. ‘The trade in this article has been dull. 800 bales of Bengal have chev.ged hands at Sead for small to 12s 6d or very fine white. Seeds—F)ax seed has met a poor sale, and 264 brie. of American clover seo! were offered by auction, but did ot meet with buyers. ; i ‘Sumac—The sales in this article have been quite unim. vortant, Jtpetre—Has been dullof late; thd sales reported last week have been disposed of at 49s. Tallow—Has been in unusually flat demand tor the season, and prices have receded a point, but the moderat Stock has prevented any material reduction. A parcel of good New York melted, brought 488 6d per cwt; mall { lot of very fine North American was sold at 408, and a parcel of New Orleans mixed but a portion very good, was purchased at 45s 6d per cwt. Y Turpentine—Has been in fair request at steady prices. Tar—520 bbls American tar were sold by auction at 108 ad og 3d. No sales by private contract have beex re- ported, State or Trape.—Mancuester.—We have had an extensive enquiry for most kinds of cloth this week, at an advance on most descriptions, and ther the persenal advantage of directors, the property of shareholders being too frequently appropriated and sacri- ficed to individual purposes. This subject has been 80 of- ten alluded to, and is a matter so universally conceded, that had not the general breaking up of the Bank of Man- chester in October last again directed public attention to the subject, it would have been unnecessary again to revert the iujuriousness of the system. It will be recorded srealter ak an cxample of most extraordinary incompe- ney, that the establishment in question in, the short space ot twel¥ , though founded by parties of the highest respectability, and consisting of a most unexcep- tionable proprietary, involued itself in losses to the extent of £3°0,000, whilst by deviations from the right principles of banking, and by looking to the payment of dividend as the paramount consideration, manufacturing establish. ments of various kinds were called into existence unne- cessarily, whereby, in raising undue competition, the for- tunes of the legitimate and prudent trader were wholl destroyed. Though, perhaps, one ofthe worst of its kind, the institution alluded to is only a type of others of a simi- lar nature, and whilst joint stock banks faithfully admi- nistered and and conducted upon correct principles, espe cially as they have been in this town, will be fonnd to be of great utility to trade, there is no doubt, prrticularly where they have the power of issue, they tend at times to create financialembarrassment and difficulty. But apart from these reflections, which are merely incidental to the great question, and only attect it indirectly, though the errors of banking partake of the nature of a public as well asa private injury, we have in conclusion to %onsider what, under ail the present bearings of the case, may be fairly looked upon as the probable direction and charac- ter of the Cotton market during the coming year. And here it behoves us, from the experience of the past, not to be too much elated nor too sanguine, nor to imagine that after so long a period of endurance and suffering, and witb so much capital annihilated, an entire restoration can at once be witnessed, The return to a state of health after so complete a prostration may be slow and tedious, dut all the elements of amendment are apparently at work and itis difficult te suppose that the result should not be satisfactory. Money is singularly and unprecedentedly plentifnl—the Bank of England having by the last return upwards of ten millions of specie in its coffers—the stocks ot goods and yarn on hand are circumscribed, and though old sources of demand and accustomed markets have been injudiciously closed, others that are new and promising have, on the other hand, been opened. Peace seems not likely to be disturbed, and least ofall with those countries which, in a commercial point of view, are most essential to us. ' The points in dispute that threatened most serious- ly tointerrupt the harmony existing between Great Bri- tain and the United States are, it is to be hoped, for ever set at rest, by a mutually conceding treaty, and there is an expectation that the tariff now in force operating against British manufactures will be rescinded. Prices of corn and the first necessaries of life are low, and taxation has been so modified, that the pressure is in part removed from the poor to the comparatively richer classes. All these circumstances seem to indicate a moderate but stea- Jy advance in price during the coming year, the only contingency S5dverse to such an effect being an excessive crop in the United Stetes, whereby the market would con- tinue to beso amply supplied as to frustrate all calcula- tions of improvement in price. Such a chance is undoubt- edly possible, but it is hardly probable ; for theugh the seaton has buen upon the whole a favorable one, yet the last atvices state that, by reason of frost, the picking had nearly terminated, aad if this be the cage, it is not reasona- ble to look for a crop exceeding 1,900,000 ba’ amount not more than sufficient to meet the probably in- creased consumption. The quality of the cotton arriving is already beginning to be so inferior as to justify the truth of this estimate, and to negative the idea of an excessive growth; the miscalculations which were fallen into last year upon this subject being such as ought to make us distrustful of statements which are set forth in the early part of the season, frequently either upon grounds or from interested motives. It is that up to the lsst dates the receipts into ports had been very large, but this, it is contended, is net a decisive indication of crop, since, in the year 1839,or the year of the largest growth yet known, th iptsinto the ports at the same time only differed from those of 1838, or the year of the smallest growth, by 46.090 bales, whilst ultimately the one crop was found to exceed the other by no Jess than 819.900 bales. Not un- derrating, however, the possibility that all our anticipa- y prove erroneous, and that some very unexpect- es may derange the whole tenor of our rea- ng, and convert what is now only encouraging con- ure into its opposite certainty, yet, as far as ordinary foresight can de ne, there seems every reason to look forward with confidence tothe next twelve months, and to foresee in their steady course sume compensation for those disasters which during so longa period have de- presse! and paralyzed the commercial world. Livenroon Coron Manxet, Jan. 2.—To-day being part holiday, we have not had much busi doing, the sales only amounting to 2600 bags. There is no change in prices. The sales on Saturday were 3000 bags. Jan. 3.—There was no change in the tone of our market to-day. Thesales amounted to fully 3000 bales of all des. criptions, the prices being the same as on Friday last The market closed steadily The cotton trade has partaken of the improved feeling whic! \s. The average weekly consumption, during the year, thronghout Great Britain, has been 32,315 bags, of which 17,178 have been American. The imports show an increase of 111,000 American during the year, as com- pared with the preceeding year, while the stock is estima- ted at an increase of 55,000 bags. The new cotton crop is reaching this port in large quantities from Orleans, Mobile, Charleston, Savannah, and New York ; and the belief is general that it will reach two millions or two millions and a quarter of bales, of which a million and a quarter at the least, may be expected to reach this coun- try. The prostrate condition of the cotton trade in the manufacturing districts of late, has kept the price of the raw/material very low, but it has now reachedlit in all probability, and better rates may looked for. Livenroor Cons Manxert, Jan. 3.—The arrivals into this port since Tuesday last comprehend, chiefly, a limi- ted quantity of wheat, a fair supply of oats and flour from Ireland. During the same period the imports from abroad comprise afew parcels of wheat, flour, and beans, from Canaie and Egypt. Influenced by the improvement in London yesterday, the trade for ali descriptions of whest, at our Corn Exchange this morning, exhibited a firmer aspect than of late, at an amendment generally of about 2d per 70 1b. over the rates of this day se’night ; the ad- vance, however, not being freely paid, and having very few country millers in attendance, the operations on the whole were in amount only moderate. States and Cana speedily be dian flour were more difficult of sale, but Irieh in mode. rate demand, with little variation from the terms noted on Friday. Livexroot Tonacco Manxer, Dec. 30.—There has been an extensive demar 1863 hhds, of wt 235 Ke his month, and the sales amount to ich 469 were Virginia leaf, 461 stemmed, ucky leaf, 692 stemmed, ond 1 Maryland. Of for Ireland, 125 on account of Scotland, 261 838 by the trade, and 200 for re-sale. Of sold, about 180 were by sainple, of to- bacco lying in London, the stock of this kind being hausted here. Virginia leaf steady; stemmed have ad vanced about $4 per Ib this month, and nearly 1d within the last two or three. Kentucky leaf steady; stemmed have, however, receded in value }to 4d per 1b. The im- port of the month has been 1,094 hhds, and the deliveries 1,182 hhds.,of which 366 were for home use, 171 coast- wise, 177 for exportation, and 463 for Ireland. The import of the year has been 13,129 hhds, of which 2,605 were Vir- ginia leaf, 1,909 stemmed, 623 Kentucky leaf, 6,287 stem. med, and 4 Dutch leaf; there are, also, unsampled, but in- cinded in the import and in the stock, 1,701 hhds,of which 802 are from Virginia, and 899 from’ New Orleans. The deliveries of the year have been 9,921 hhds, of which 3,907 to manufacturers, 1,036 x portation, and 2,579 for Irel amount to 11,493 hhds against 9.821 in 1841, and 11,682 in 1849. They consisted of 4,396 Virginia leaf, 2,239 stem. med, 1342 Kentucky leaf, 3480 stemmed, 36 Marylands, and 11 Canadian; of which 2.454 were taken for Ireland, 497 for Scotland, 2,871 for exportation, 690 on specula: tion, and the remainder, or 4,981 hhds. by manufactu- rere Livenroot Amenican Provision Manxert, January 28. Larl--Several parcels arrived this month from Canada ind the United States, which have been sold freely, and generally ex ship, at rather lower prices. Good qualitios be rold in quantity above 418, seconds at 40s, whilst erior and brown are at 388 to 398 per cwt., and the two f are interfered with by the warm weather limiting ¢. We would prepare our frien Js for some decline ices when the new supplies shall come forward free- ef and Pork—the market has been literally inunde ted this month, principally with Canadian imports, the mporis having been 6.300 packages of pork, tation The Jew sales made in pork have been for ship’s use or export, scarcely any having been taken for home use. The same remark applies to beef. A fine parcel of new from New York has brought 76s per tierce for India, 72s 6d for navy, and 65s for mess. Cheese—con. siderable parcels have come in this month, early in ¢ month the sales were at low rates, but of new Is better terms. Good qualities are safe, if they can be sup- plied at our currency. Hams—Dry hams are iaquired for. Wet are difficult to sell, and there is room for much improvement in the rticle. mode of curing t Cheeve—Fine cheese is in fair request, but the middling and low qualities are slow of sale. The stock of this ar- ticle consists of 238 tons. Lard —Ils in light stock, and the next arrivale will sell Buirer—A (ow small lots of Canadian bntter have found rable parcel is advertised for public buyers, and a sale on the Ashes vt ashes has been limited fora uring the previous fortnight a was experienced for both Pot and and 30s 9d to 31s for the latter, jemand f ¢ former Coffee—A rather extensive sale existed for British plan tations about the middie of December, and afew lots fine realized 4# to 68 advance, but since that period the inquiry has abated arrels o| fair middling Laguayra brought 8 of Cor Rice 618 per owt public mle held about the, middh ef De the market closed very buoyant. Should the com- mercial news from China and India be favorable by the next mail, we may hope for a still further improve- ment. Twist is unusually firm, though not generally higher, and many spinners refuse to sell unless at an ad- vance. Onthe whole, we are this week decidedly more healthy. Rocupare Fianna Manxer.—To-day, though there has bean but a thin attendance of buyers in the market, there has been a very fair demand for flannels, considering the timeof the year. For some months back, pieces have met with a ready sale; butthe manufacturers have not been able to obtain an advance in price. The wool mar. ket still remains heavy; the dealers expecting arise from an increased demand for geods, and the manufacturers be- ing unable to give an advance until they are enabled to sell their pieces proportionably high Havirax.—We cannot yet repert a very active demand inany branch of our trade, there is, however, more con- fidence than has been the case for some time past, andthe general opinion seems to be that arevival may bo confi- dently anticipated soon. Hoppersrixiy —This being the last market of the year, has at all times been considered a nominal rather than @ real one; and, as we have of late an universally slack de- we should have a re. vival to-dwy; indeed the market was dullerthan any pre- thing, however, which ll expected. Surely things will improve with the new yea Brapronp.—We had, censidering that this was what is termed a Christmas market,a fair attendance of buyers, who brought, on the whole, an average quantity of goods; and, if prices are mot higher, the market must be called not only firm but buoyant, and things are more healthy than of late. Asspinners continue towork short time, they are enabled to support late rates in yarns, but the demand is by no means equal to what it should be. Hamnvnc.—In the returns of the trade of Hamburg it is stated that the imports of raw cotton were less by 11,000 bales nm 1841 than in 1840, whilst at the e the stock on hand at the close of 1841 was 17,000 bales against 10,900 bales only at the end ot 1840.— The cause assigned is the stagnation ofthe German spin- neries through the competition of those in this country. The masses of English yarn exported upon the German markets brought down prices to the lowest point, so that the spinners there limited themselves to such supplies of raw material only as were rigorously nec not to close their factories altogether. The quantity of cotton yarns received from hence in Prussia and Hanover was estimated at 35,000,000 Ibs. Amstenpam Mar Dec. 28.—Owing to the holi- days, and the advanced season, little or no business w: done since our last, and the transactions in most articles were limited to the direct consumption, particularly Coffee, though no purchases could be made under our last quotations. In unrefined Sugar, save a tew small parcels Swrinam of 24 to 26 fi, nothing took place. In Cotton no sales come to our knowledge, though it appeared that holders would not have been unwilling to dispose of part of their stock. Of Tobaeco, only 24 bhds Maryland found buyers. A parcel of 3d sort New York Pearl Ashes met with a sale at 17} flin bond, let sort being held at 15] in bond, and Pete: sburg at 18f in consumption. Some in sold at 38} fi. y c vious for some time (Correspondence of the Herald} Ausany, Wednesday, Jan. 25. The mild weather with which we have been blessed for the last two weeks or longer, has de- parted, and it is now as co'd as Greenland, again.— A night or two like last night, and there is an end to navigation for the present, at all events. The exciting question of State Printing being ad- justed, the Legislature are now driving business with a zeal that gives an earnest of that great desi- deratum, a short session. Still, the talkers, the speech-makers of both houses, have had ample op- portunity afforded them, for'a display of their pow- ers. In the Senate, for the last two or three days,we have been treated to long political harangues, having as much to do with the legitimate objects of legi: tion as woodsawing, by Messsrs. Root aad Foster. In the House, Mr. Hathaway yesterday and the day before delivered himself of a long political ha- rangue in reply to Willis Hall’s, late speech on the Governor’s message. Col. H. is oY far the most pleasing speaker in the house, and although a young man is second to none in talents and industry. You will perceive that bills have been introduced in both Houses relative to the construction of the New York and Ene Rail Road. They are essential- ly similar, and it is likely will be looked upon with favor in both Houses, aud in all probability one or the other will be adopted. There are many, how- ever, who doubt the propriety of the State’s extend- ing itsaid tothe company ,in any shape whatever. Mr. Nevitt offered a resolution yesterday calling on R. M. Blatchford, Receiver of the Commercial Bank of the city of New York for, a report of the amount due the bank, with the names of all the drawers and endorsers of the paper on hand, and the amount now due from them respeetively.— But Mr. W. Hall rising to debate it, the resolution, under the rule, lies on the table. A petition had been previously presented by Mr. Hall, fromthe Receiver of the Bank, asking for an extension of the time for making the second and final dividend among the creditors. The House have done one good thing— and that is to put a veto this year upon the perambu- lating State Prison Committee. There has been no good resulting from the labors of these Committees in previous years, and as it has been no inconsidera- ble item of expense to the State, it is high time, espe- cially inthese days of economy and retrenchment, that they were discontinued. The mechanics or their interests will sufler nothing by it. The war between the ultras and moderates of the democratic party, is still being prosecuted, on one side at least, with great vigor. The Atlas of this morning has a most ferocious and savage attack upon the new State Printer in particular, and the rey regency ingeneral. ‘The Argus takes no notice of it at present, but it is likely will watch its oppor- tunity to reply. It is considered that Governor Bouck sides with the latter, and this supposition has set the office-seekers all in a turmoil again, striving for Argus, influence and the like Mr. Van Dyck submits to the public a long state- ment of his side of the case, in the controversy that hasexisted between him and Mr. Croswell. He says it was denied publicly in the aes, and he, therefore, inserts it in the Atlas. e shall see where the next shot comes from. In the Legislature to-day, there was but little bu- siness of general interest transacted. A grand State Military Convention commenced its sittings inthe Assembly Chamber this afternoon. Its object,I believe, is to aid the military commitrees of the Legislature in revising and remodelling the militia system of the State. Its session will be con- tinued from day to dav Ot local news, the city is quite bare. Johnny Cook’ Brass Band have tickets out for a grand ball to-night at Knickerbacker Hall, and as Johnny sel- dom moves without exciting a commotion in the elements, it seems now to be setting in fora regular snow storm. Srvon. Superior Court. Belore Full Bench. Jax, 26.—Dreision.—C. N. 8. Kane vs. Robert Van Zandt.—It appears in this case that an execution had been sent to Queen's county—that the defendant had sold a farm there belonging to defe ed to pay over the money. An order wi Chambers for the Sheriff to bring into theis Court certain moneys made on the execution, and there refund to the tull bench, before which it was fully argued. The Court sustained the defendant's position, that in this case they had no jurisdic- tion. McKeon for plaintiff; N. B. Blunt for defendant. Cireult Court, Before Judge Kent. Jax. 26.—Morris Ketchum, et als. vs. Wi lock.—Thia is an action to recover back certain notes de- posited as collateral security with William B. Jessup, who was a sort of agent for Mr. Morgan. It is a case of the same description as has been tried in the Superior and other Cours several times, in which Messrs. Jessup and Morgan hav. been concerned. Thomas nden, attorney for plaintiff. D. Egan, at- torney for defendent. Buckle vs. Gibbs.—Verdict of the jury in this case, for tiff of $17,170 60. The jury did not leave their eer U. 8, District Court, Sikthisin — Judge Betts, AN. FOINIONS —Inve.— David M. in B. Parks.—The Judge decided not to incom si Saasty by Joga] process, Samuel King.—The matter is referred back to the Com- rs, to have the facts stated with distinctness and rtainty. laron Abrams.—The bankrupt alleges that he had $2,600, but that it was stolen from him. ‘This ‘tcoount 1s liscredited—looks like prevarication and deception. The Judge said he was by no means satisfied that the bankrupt lost the money. The objections were sustained, and ali proceedings stayed ‘ecles Gillender —The amendment allowed, and as both parties are irregular im their proceedings, coste are de creed to neither. NEW YORK HERALD. Sew York, Friday, January 47, 1843, =e Te News rrom Encuanp, which we give at con- siderable length in this day’s paper, possesses some peculiar and remarkable features—particularly in the tone of the English newepaper press towards this country. The subject of discussion in England has been the President’s last message, which it seems is univer- sally condemned by the British press of all parties, in reference especially to its tone on the State debts. This message is characterised as “pompous,” “ ar- rogant,” “ludicrous,” ‘ d shonest,” “ pettifogging,”” “ shabby,” “short,” ‘* condensed,” “plain,” “ in- accurate,” “ ungrammatica! “ grandiloquent,” “frank,” “intelligible,” national,” ‘“‘defensi- ble,” “ ostrich-like,” &e. &c. Allthese singular and complicated observations arise altogether in reference to the State credit and State debts. Pay these chapatheir principal and in- terest of about $100,000,000, and then they would consider us gentlemen again. But where’s the money to come from? Tre Meetinc in Care Torront.—The meeting of the victims of Peter Riersen, the Dane, held yes- terday at the Café Tortoni, 180 Broadway, (a most admirable restorant, on the plan of tie famous Café Tortoni, of the Boulevards, Paris,) was a very large and interesting meeting. It was composed of nearly a hundred pergons of respectability. The meeting was regularly organised, and each person stepped up tothe tribune (a chair in the centre of the room), which was called the ‘stool of repen- tance,” and there gave an account of Peter’s operations each upon himself. Some most re- markable and curious developments took place. A full narrative of each particular tale, to the facts of which each gentleman will testify in court, will be given in the Herald, probably on Mon- day next, when an engraving of Peter’s face and form will be giver. This ia one of the most singular cases in the sci- ence of Jerry-Diddlerism that ever took place in this country, and would make a most capital drama at the Chatham Theatre. The victims must agree to meet to-morrow, at 12 o’clock, at the same place, to retouch and finish the exposé ‘Wess in Encianp.—The “ London Times” gives the following account of Webb’s duel, and our ef- forts to get the chap a pardon :— The indictment of Colonel Webb is a common topic of discussion among all the American papers, since not only does the well known character of the prisoner, as editor of the “ Morning Courier,” render him an obj f inter- est, but the measure of justice with which he is threaten- ed is so very severe, that it would seem the judicial autho. rities are determined to make an example of him, for the general prevention of that habit ot duelling which is so pre- valent in the United States. The Colonel is neither in- dicted for giving or receiving a challenge, but simply for leaving the State with the intent of giving or receiving bia . . . . . . . Marshall, who would have been his antagonist, in con- sequence of several violent articles in his paper, was with- out the reach of the laws of New York, not being a citizen of the State, and the offence not having been committed within its boundaries, the Colonel remained the sole ob- ject of judicial prosecution. Having pleaded guilty to the indictment, Colonel Webb was committed to the “Tombs,” there to,await his sentence. The journalists of NewYork, it would seem, with almost the single exception of the editor of the “ Journal of Commerce,” have sunk all political joined in petitioning for the clemency of the e—Mr. Bennett, the editor of the ‘New York Herald,” and, it 18 be rsonal enemy of Colonel Webb's, having, on this occasion, taken the lead in his cause. . . . . . . . ‘The result of these proceedings may form so important an epoch in the social history of America, that the case cannot fail to be regarded with interest by all who are watching the progress of that country. Allvery correct, except inene point. We are no enemy of Webb’s ; fwe are his best friend—his mentor, his adviser—but he is such a savage that he won't stay advised. 8 re Latest Lrrerary INTELLIGENCE.—Public anxiety respecting the long-prom‘sed novel by Bulwer, ‘‘ The last of the Barons,” is at length to be set at rest; the early sheets having, us we learn from the Langleys, been forwarded by the steamer, which has just ar- rived, to the Harpers for republization. A new novel of James’, entitled ‘‘ Forest Days,” has also come by the same conveyance. We understand no London publisher has yet been found courageous enough to venture upon the republication of Mr Lesler’s recent pepular work, ‘‘The Condition and Fate of England,” on account of the belligerent character ef its con- tents. This has not, hewever, suppressed the de- mand for it, which hasalready become considerable and bids fair greatly to increase. Norman’s delight- ful work on the American Antiquities in Yucatan, has just begun to excite the attention of the English reading community, and we hear that orders for ad- ditional supplies have been received by the publish- ersto the extent of 500 copies—the best evidence in favor of the intrinsic value of this popular work ; something less than 20,000 copies wil! be the extent of its career. Meuancnoty Accrpent.—We have just learned that the sloop General Lewis, Captain Lewis, of Northport, L. I., loaded with hay, poultry, &c., was capsized off Matinecock Point on Tuesday last, in a snow squall, and three lives lost. She left Northport that morning with a crew of four persons, and three passengers. The dieaster Occurred at two o’clock. All hands clung to the wreck while she drifted to Peacock Point, where she went ashore about seven o’clock in the evening. It was cold and blustering and the three last died from exposure and exhaustion. Of those dead two were passengers and one was of thecrew. The body of the latter, whose name was Platt Buntz, has been recovered, but nothing of the other two has been seensince the accident. One of them was named Onderdonk. He had on a dark colored cloth cloak, with cord and tassals,and wore aglazed cap, marked on the inside J. O. His shins were marked Andrew Onderdonk. No name or description of the other passengers hasbeen given. Captain Lewis did all he could to save poor Buntz, and held him on to the wreck for hours, but a heavy sea finally swept him trom his grasp. Those saved were nearly dead when taken from the wreck, and they probably would have soon died, had it not been for the praiseworthy exertions of Joshua Kirk and Samuel M. Titus, who carried a large boat a distance of four miles over Jand to where the vessel wasashore. In this they brought the survivors to dry land Otymric Crrevs —This grand establishment has experienced a course of unexampled success from the night of its opening. The audiences have been of the most brilliant character imaginable—crowded from pit to dome with the beauty and worth of our city. The entertainments are all of the highest ex- cellence, embracing acts the most beautiful and refined in horsemanship, the most astonishing in dexterity, and the most wondrous in feats of per- sonal strength—whilst the racy and original humor of the groteeque portion of the performances, keeps the audience ina continual roar of laughter. All who seek after genuine amusement, can find it here in its greatest variety and perfection, and as parties of ladies and gentlemen have been repeatedly dis- appointed in procuring seats after the doors are opened, we advise all to secure places at the box office early in the day. CuatiamM Turatre.—Since the reduction of the prices of admission to this favorite establishment, the character of the audiences, so far from deterio- ating, has been much increased in quality and re- spectability. Some have an idea, that a cheap style of amusement cannot secure countenance from the votanies of fashion; but in this instance they are immeasurably mistaken. It is really grati- fying to witness the splendid array of loveliness and fashion which nightly graces the dress circle, and the infinite delight manifested by the audience throughout the entire performance, plainly betokens the sense of the community. With tact, talent and energy at his command, Thorne can surmount all trifling prejudices, and place his utiful theatre, where it deserves to be, on the highest pinnacle of popular esteern Rascatity or Tae Sun Orricr.—On several re- cent occasions, on the arrival of the news here by the Cunard steamers at Boston, we have been disap- pointed in not receiving at the proper time, our pa- pers, packages, and extras sent to usby our Beston agents. Yesterday the same thing took piace, and on a full investigation iato the facts, we find that this rascality and meanness have been perpetrated at the Sun office, as appear by the following affida- vits, recording the truth :— wk ity and County of New York ss.—James Mitchell, re- sidtian Ann ae fi thesaid city, being duly sworn, says, that he is employed at present in the office of the New World in Ann street, that deponent was sent down by H. G. Deagors of the New World office, to the foot of Peck slip, on board the steamer New Haven, for bundles, which he expected from England, by the way of Boston, inthe steamer Caledonia; while there the conductor of Adams’ & Company’s Express came ashore with two bun dles and a carpet bag, which hethrew into Adams & Co’s ‘waggon at the head of the wharf, and deponent thinking one of the bundles was for the New World office, jumped into the wagon also te ride up. When the wagon, with deponent in ij, had arrived in Fulton street, between Wil- liam and Nassau, the conductor jumped off with some loose papers in hishand, which he tock outof the earpet bag and went off; thatthe driver then told deponent to come on theseat of the wagon, and picked out a bundle for the ‘‘Sun” office, which office the wagon had then reached; andas Francis Holland, who accompanied me, wes lifting a bundle enveloped in @ cewspaper and direc- ted in large letters ‘Herald Office, New York City,” Moses Beach, Jr, son of Moses Y. Beach, propri:tor of the “Sun” bundle from said Holland’s id “Sun” office, threw it under ghingly that it was all right; that deponent then small package of English papers to a person standing by who carried said package up stars ‘That depenent, accompanied by said Holland, returned in about halfan hour and asked Moses Y. Beach to pay them ior bringing up the papers; that said Beach replied he had nothing to do with pa. hy hee that they must wait till his son Moses came in; that in about 15 minutes after the extra “Suns” were issued. the counter, and said JAMES MITCHELL. Sworn before me this26th day of January, 1843. STANLEY SHERWOOD, Commissioner of Deeds. City and County of New York, ss—Francis Holland be- ing duly sworn, saith that he accompanied James Mitchell above named, as represented in the above affidavit, and that the statement of said Mitchell contained in said attida- vit, is correct. FRANCIS 4 HOLLAND. Sworn befcre me this 26th day of January, 1843. STANLEY SHERWOOD, Commissioner of Deed City and County of New York, ss.—Patrick Frile, resid- ing corner of Fulton and Nassau streets, up stairs, bein; duly sworn saith, that this day he went into the “Sun” of- fice, a little while before the “Herald” extras were issued, and shortly after the issuing of the extra “ Sun ;” that de: ponent saw aman in said “Sun” office, with sandy hair, who took from under the counter one of the Boston Extra “ Heralds.” PATRICK + FRILE. Sworn before me, this twenty-sixth day of January, 1943. STANLEY SHERWOOD, Commissioner of Deeds, &e. Such conduct hardly requires any:;comment. It de- servespunishment, and accordingly we shall make an application to-day at the police office for a warrant against the parties implicated, and present the case to the next Grand Jury It is very similar to the transaction of a former day, in which the “Sun” people appropriated to their use the President’s Mes- sage, received by express for the “Courier & En- quirer,”” and for which they were indicted and pun- ished. Brutat Ourrace.—Last evening, about 8 o'clock, as Mrs. Johnson was passing through Pell street, she was seized by a gang of ruffians and dragged into a slaughter house, in that street, where her person was most brutally violated by five or six of the villains. She was discovered in an insensible condition and conveyed to the watch house, where she experienced a succession of violent fits, and was in nearly a state of utter distraction. Medical aid was procured, but she yetremains in a precari- ous condition. The affair witll undoubtedly be in vestigated this morning, and we trust her brutal ravishers will not escape their well merited punish- ment. Frencux Stramsuirs.—We notice with pleasure, that the French government have wisely decided to send their mail steamersto New York. We stated, some time ago, that they would dose. See Foreign news for further particulars. Foreian News.—We are under many obligations to Adams & Co. and Harnden & Co. for the early delivery of our foreign packages. We think that the former should be considered Eclipse and the lat- ter Fashion, for the former came in more than half a neck ahead yesterday morning. Tue Buns Anniversary Dinner will be found in the Herald of Saturday morning. The crowded state of our columns with foreign news, excludes the report this morning. City Intelligence. Caution to Famitics.—During the month of Novem- ber last, three children of Mrs, Bridget O’Brien, of 133 Walker ttroet, were attacked with a scrofulous affection of the head, and after applying several remedies, without effect, she was induced, through the recommendation of a woman named Margaret Weir, to make a decoction of arsenic and whiskey, to be used as an outward applica- tion. The result was, that one of the children, named Ann, aged five years, was taken sick within a few days past, and died on Wednesday evening from the effects of the arsenic and whiskey. The other two children are dangerously ill, and are not expected to survive. Bankrupt List, SOUTHERN DISTRICT OF NEW YORK. James Lorimer Graham, New York, Counsellor at Law. Erastus Belden, Chatham, Columbia county, black- smith. Jonathan W. Vincent, Spencertown, Columbia county, student at law. Ami Holdridge, Village of Red Rock, Town of Canaan, Columbia Co , mason. Horatio A. Carter, New York, auctioneer. Asahel Jones, New York, clerk. ‘Washington Cilley, New York, hotel keeper. William McRoberts, New York. Lothrop W. Chapin, Brooklyn. John Lawton, New York, mason. John Rust, New York, broker. Joseph Crawford, New York, merchant. Martin M. Lawrence, New York, watchmaker. Robert 8. N. Anderson. Angeline Brown. George W. Smith. Charles Postley. John W. Hull and Absalom H. Smith. Henry Blakeman. Tue Riva. Moseums.—We have now two Museums open on Broadway, the famed American, and Peale’s re-o- pened under a new manager. The first boasts of its six immense halls of curiosities, its superb cosmoramar, a magnificent lecture room, with nightly exhibitions, its di- oramic spectacles, funny fantoccini, vocalists and dancers and that really astonishing wonder Tom Thomb, Jr. The latter has a handsome collection of curious and scientific spgcimens. A large picture gallery, and for an extra at- t action the celebrated French Fortune Teller, Madame Adolph. The public can see at a glance which they ought to prefer. 0G THE WORLD TRIUMPHANT !—Five new works for 12} cents monthly. ‘The publisher of the New World having determined to exclude all continued stories in the regular weekly issue, announces his intention of giving the whole ries of the new works, by their popu- ar authors, Dickens, Lever, Ainsworth, and Lover, in one extra number, immediately on the arrival of the Eng. lish steamer, and continue todo the same each month, heveafter—thus furnishing the latest productions of these authors in advance of every other establishment in this country, an rice which will not fail to meet the public approval. The following are the titles of the No- vels, the first numbers of which appeared in London on the first of January, 1843, and which are published in an XTRA NEW WORLD, THIS DAY, Price 124 cents; and for sale at the office 30 Aun street, and by all the newsmen. The Lives and Adventures of of English life and manners—By Charles Dicken of “American Notes,” “Barnaby Rudge,” “Nicholas elby,” 0. Tom Burke of Ours"—forming the second volume of Onur Mess—By Charles Lever, Esq., author of “ Charles O'Malley,” Jack Hinton,” &. &e. Mr. Lover's new work, L. 8. D., or, Accounts of Irish Heirs, furnished tothe public monthly, by Samuel Lover, Accountant for Irish Inheritances. le, an Historical Romance—By W. H or of “the Miser’s Daughter,” “ Guy ‘ower of London,” ke. The Loiterings of Arthur O'Lear; Haq A by Charles Lever, ,Tuthor of * Our Mess,” “Charles O'Malley,” &c. & # this edition will be issued in a beautiful octavo form, at one-fourth the cost of any other, we justly anticipate a very large sale; therefore we solicit of our agents and others, immediate orders. This will bu the first and best American edition of these popular works. Terms—124 cents single—eight dollars per hundred. J. WINCHESTER, Publisher. Gg IF THERE I8 ANY ONE WHO STILL doubts the efficacy of Oldridge’s Balm of Columbia, from Comstock & Ross, 25 Magazine str to reproduce the hair on bald heads, or preserve it if it has not fallen out, and keep the entirely free from dandruff and scurf, they have only ake one trialof it to be convinced t ll we say ct ie. The great numbers who arenow daily using it are a sufficient guarantee that it ls fally as good as it is recommended. —N. O. Paper. The sume may be had of Comstock & Williams, 6 North Fifth street, ladelphia, and Comstock & Co. 71 Maiden lane, this aity, BY THE SOUTHERN MAIL. wi ne [Correspondence of the Herald.] Wasninaron, Wedresday, } Jan. 25, i Oregon and Exchequer—.Mr. McDuffie’s Speech tn the Senate, and Mr, Marshall's Speech in the House—Bureau of Govern- ment Printing. This has been rather a lively day in both Houses. Mr. MeDurrix made his first speech on the Oregon Bill in the Senate, and Mr. MarsHan spoke on the Exchequer in the House, and both attracted crowds of admiring listeners. In the Sknare, after the presenting of a few me- morials and some other unimpertant business. Mr. McDurrie rose to speak on the Oregon Bill. The galleries were crowded to suffocation by beautiful women, and more than half the House of Represen- tatives crowded in on the floor of the Senate to hear him. . Mr. McDurrie said that a wise and prudent man in any department of human affairs, is very reluc- tant to engage in an portant enterprise. however perfectly satisfied of his rizht todo eo, until he shall Loe well considered 1t—the time appropriate to com- mence it—the means by which it is to be accom- plished—and Boal he ultimate cost, and the ulti- mate benefit which is to be the result of such enter- prise. And permit me to say, sir, if the worthy Sen- ator from Missouri (Mr. Linn,) who has pressed this bill upon the consideration of the Senate, with so much ability, has violated any of the principles of sound policy, asI conceive he has, it has been trom totally overlooking those considerations to which T have alluded. All the Senators who have apoken on this subject have seemed to limit their consideration to what I consider the most ynimportant question which it involves. They have confined themselves to the mere question of title—they have argued it, as if this were a tribunal which is to sit upon, and judge of the respective titles of the two countries, and as if the only question to be decided, were one of ti- tle. 1 believe that no Senator who has taken any part in this discussion has intimated the slightest doubt of the validity of the title of the United States to this territory. I have investi- gated this subject as fully as the documentary evi- dence to which I have had access has enabled me to do, and with these lights before me, I_am free to declare that I regard the title of the U States at least as far north as the 49th parallel of latitude, as one of the clearest claims which ever was set forth. But, sir, at the same time that I make this declar: , 1 should be very sorry to assume the responsi- bility,or that you, or any member of this body should assume the responsibility of prompting this nation to any measure on a subject which it does not belong toustoassume. Gentlemen seem to have forgot- ten that there are two partiesto this question, and that however well our title may appear to us, the other claim may appear equally strong to the ad- verse party. The British claim that their’s is the true title, and we claim that ours is the true title; and how, sir, I ask you is this question to be set- tled? By the interested parties? Surely not. A few words on the subject ot the Convention of 1818, prolonged to 1827. I perfectly concur with those Senators who have maintained that the provisions of this bill, which guaranties a title in fee simple of lands to all citizens who may emigrate to that terri- tory,is a palpabie violation of that Convention. Sir, it is in vain to disguise the fact. We are about to esteblish a line of military posts—we are about to take a military occupation of that country, and by all the means and appearances ef war; and are about to invite our citizens there—not to engage in the fur trade, but to make a permanent agricultural set- tlement. However we may disguise it, can the British nation be blind to the extent of this design? Now, sir, I wish to inquire of Senators who have ta- kena lead in this discussion, what is the existing emergency that calls on the U. States, who have for twenty-four years slumbered on this title, while in a period of the greatest prosper.t 0 with a full trea- sury, which the pone of man could not find a le- gitimate mode o} spending, and the British govern- ment slumbering over this title—I ask Senators to state what is the emergency which calls on us to adopt this measure? Why are we called upon at this unpropitious moment to adopt a measure of this kind? If} had been willing to adopt such a mea- sure in 1833, or at any other time, I should be de- cidedly opposed to itnow. What is the state ot the country t Whiatour relations to Great Britain — Sir, is it forgotten that but aday or twe since—as it were—we terminated one of the most honorable treaties, and settled one of the most important ques- tions, which has beensettled since the last war 1— And how was that accomplished? By the grasping ambition of England? Was it the ambition of Eng- land, desire of territory and rule, that induced her to send the olive branch of peace to us in the form of an ambassador to adjust this matter? Great Britain voluntarily moved in this matter, and ten- dered the olive branch of peace, and I thank God that our government accepted it in the spirit in which it wastendered. If they had conceded much more territory than they ought to have done—than would have concurred with State interest—still I would rejoice that peace was made in any form, ra- ther than go to war. Well, sir, that matter was a juated, and if for nothing else, I must be permitted to say, that the people of the United States owe lasting gratitude to the administration by which this was effected. And, sir, I will go turther, and eay that eat el Great Britain, and every party in the United States, will shake hands over this mat- ter, and declare that our people are jointly indebted to the governments of both countries. Sir, I think that this treaty was commenced in a spirit of peace, and terminated in the same spirit. And, now, when both countries are congratulating themselves on that treaty, atthis moment, what are we about to do? Ata moment like this, when a part of our territorial boundary remains to be settled, and 1s atill a subject of negociation between the two countries; the Senate—a portion of the legislature, intimately connected with the treaty making power, is about to take a measure tosettle and occupy this territory. Yes, sir, at the very moment when the negotiators are about settling the question, we snatch from their hands the branch of peace, and attempt to do it with the flaming sword. But it is said that we must take [erent of this territory for the purpose of doing the same that England is doing, building torts, establishing settlements, encouraging emi- gration—all looking forward to the exclusive occu- pation of this territory at some future period. Now, sir, I totally differ from this conclusion of Senators. Tf there is any one thing which the evidence before the Senate presents most prominently to my mind, it is that they have not given the least solitary word or exercise any power which intimates the design of making an agricultural settlement there. On the contrary, all they have desired, or ever claimed, is a right to prosecute the fur trade there, and to make such establishments as are necessary for that purpose. Have they done more? The worthy Se- nator from Kentucky (Mr. Morehead), made a for- midable array of charges against England. In the first place she had built a fort 100 miles from the month of the Columbia river, and the gentleman with that candor which forbid him to suppress any part of the truth, read a full account of the fort, which concluded by saying that it is a mere stockade fort, for no other purpose than to repel the attacks of Indians. So of allthe other forts which have been establish ed. Well, the Senator disclosed another very im- portant fact He said that they had violated the convention which established the right of joint oc- enpancy, because our boats bound up the Columbia river to trade with the Indians, were immediately driven off by English boats—not by force, not by arms, but by English boats which had the audacity to come there and sell goods to the poor Indians cheaper than the American did. And this is con- strued asa violation of the convention! Why, sir, this harmonises very badly with remarks of the Senator from New Hampshire (Mr. Woodbury) who said that one object of thiabill isto civilize the Indians. Is this the way to civilize and benefit the Indians, bi wishing to monopolize the trade and sell goods to them at the highest prices? Mr. McDvurrte went on to show the small value of the disputed territory, its great remoteness, and the impossibility of its ever becoming attached to our union, oreven of being of importance to us. But (continued Mr. McD ) the worthy Senator from New Hampshire (Mr. Woodbury) has discovered something more important than the representative principle in government. He refers you to steam, sir; why, sir, 1 doubt very much whether the power or principle of government will ever be changed by steam. Steam! How are you to apply steam in this case? Have Senators examined the charaoter of this territory? and dothey think to bring together coun- tries 80 bai distant,and separated by three ranges of impassable mountains, by means of steam? But Senators talked of connecting this Territory with the United States by a railroad. What, a rail- road from here to the Pacific Ocean over and through the Rocky Mountains! Why the wealth of the Indies would hardly suffice to carry this out You would have to tunnel through the Rocky Moun. tains 1,000 miles, or at least 500 miles. In Engen ithad taken them a, twenty years and millions of money to tunnel under the Thames, with all the resources of that powerful country and government And in what period of time, or at what outlay could we expect to finish such an undertaking. But the absurdity of Senators to talk now, with a bankrupt Treasury and an oppressed and suffering. people, te talk of constructing a railroad to the Pacifie Ocean. What! Is the spirit of gambling, miacalled enter- prise, never to cease in this country? And is the most striking example of it to beset by the Senate of the United States? And who is to take posses: sionjand settle this Territory after we have done all this? There is oa ‘a. small strip, about 100 miles it wide near the sea fit to liye on. All the rest is a barren geand, , and, volcanic ., remains, where rain never comes. Even on the coast it never rains from. jApril till October, and from October to April, there is nothing but rain. hy, I would’nt give a pinch of snuff for this terri: tory—I wish to we didn’townit, Who are we to send there Will your honest farmers in the east go there 2° hope to God not. I would advise no one to go there to settle. If Thad» son who wasa fit subject for Botany Bay, I would say, Go there, in God's name—go! For whose benefit are we to dothis? What revenue are we to get from those citizens of ours at a distance of 3800 miles from the seat of government—for whose benefit we are to begin an outlay of $200,000 and swell the annual expenditure equal to that of the Florida wart? We couldn’t get @ cent of revenue thence in the next 50 years, and to keep these settlements up would re- qaire at least $10,000,000. The country is inhabited by warlike tribes of savages—and if we go to war with them, it .will be worse than a Florida war.— Within the next twenty years there will not be a single congressional district in the United States, contributing to the support of the government but what will be of more value than the whole of this miserable territory. I thank God for his mercy in placing the Rocky Mountains between us and that country. It never can be of the least value to us as an agricultural country. I want this great country to be concentrated and civilized—and we never can become so while we are able to spread over an indefinite tract of country, You can’t civilize men unlesa they are kept and hedged within natural bounds. Nothing could justify the settlement of this country, except we were overrun by a starving papelation, And is that our case? No, sir, we ave a soil as productice as the valley of Egypt, and an extent of country already which we Sener pte bably settle within the next fifty years. Why should we try to send, then, the honest and industri- ous classes outto this territory? The advantages of the fur trade have been too highly extolled. The fur trade is fast declining. The Hudson’s Bay Co. is losing money, and will seon wind up,and ina very few years we shall have the country drop into our hands,if we wait quietly and let italone. But gentlemen have said nothing about the waysand means wherewith weare to go and settle this country. ’Tistrue the senator from New Hampshire, (Woodbury,) allu- ded to this in his speech, because, perchance, he once wasSecretary of the Treasury, in a peculiarly trying time, and therefore a fellow feeling made him wondrouskind. (Laughter.) I verily believe we thal! not have near money enough even to carry onthe ordinary expenses of the government This has been examined into, and all agree we must bor- row. And yet gentlemen say, let’s appropriate $200,000 to settle a barren territory like the Oregon. Weare in astate of interregnum. Noone is respon- sible for the measures adopted. You say to one, “© Will you give $200,000 for this with an empty treasury?” He replies, ‘‘O, that’s no affair of mine, I'ma democrat.” To another, and he says, “ That don’t belong to me, I’m a whig; the government must find the ways and means—they’re responsible.” Now, sir, in this sad state of things, with no one re- sponsible, let us at least wait a year ortwo, when we shall have a government that possesses the confi- dence of at least one large portion of the people, and representatives responsible here and elsewhere for itsacts. Tillthen, [say wait. I call on the country to pause; and I emphatically and earnestly call upon this Senate to pause before they commit an act fraught with so much evil, and which can bring no good in return. ¥ As soon as Mr. M’Drrrie had concluded, it was announced that Mr. Marsuat had just risen to speak in the House, and all the ladies and members Cleared out and rushed into the House of Represen- tatiqes to hear him. The Oregon Bill and also the Exehequer, were then passed over until to-morrow, and the Senate adjourned soon afterwards? ; ‘In THE Houss, the first thing of importance done was by Mr. Wisk; who presented a report and a bill from the select committee of the last session to es- tablish an Executive Department of the Government, including a printing office, Secretary of printing, &c. &e., like the Secretary of the Army or Navy, or Postmaster General. if ay The Bill proposes the establishment of a printing office in a building located and furnished by law, with principal and assistants, nominated by the President and confirmed by the Senate, to do all the public printing in every department of the go- vernment. The establishment is to be purely a pub- lic one, and to have no connection whatever with any private business, nor with any newspaper publi- cation—the printers to be bound in a barge penalty to this effect. This Bill, with the report, were ordered to be printed and referred to the committee ef the whole on the state of the Union The Exchequer next came up in order, and on this Mr. Barnarp, one of the most sensible and gen- tlemanly men in the House, but not the best de- bater, had the floor. Mr. Banwarp said that he differed with much of the ar- gument contained in Mr. Fillmore’s report. He wished the House to take some positive action this session onthe subject of the currency ; he was sot content with the ne- gative proposition of the Ways and Means Committe. It was the duty of the House to pass some law on this great subject this session which should bring relief to the coun- try. This could be done, and ought tobe done. After the negative proposition of the committee was disposed of, he would not stopthere ; he would move to go into com- mittee of the whole on the bill reported by Mr. Cushing ; and after that had been rejected, as doubtless it would be, and the bill of the Sect ofthe Treasury (the Exche- quer,) he then hada proposition on this subject to submit, which he thougnt could pass, and bring relief to the coun. try. He wenton to say The President has vetoed our bank measure twice, and we have vetoed his measure of finance once, aud are about to do it again. His Exche- quer is an Executive Department of the Government pre- cisely such a branch of the government, as the war, navy or post office departments, Now some portion of juties might be competently performed by the government— other portions could not. The government proposes to receive deposites of individuals—and to issue paper mone: and a system of commercial exchanges. Nothing can justi- this. And what is worse than all this isthe fact that the xchequer proposes that all the money belonging to the government shall be kept in the hands of Execntive offi- cers—which money has, fromthe foundation of the go- vernment, been kept in banks on Gael By the law of 1789 the Treasurer of the United States was to keep the hg meres were two or three State Banks then in existence, and_he placed the money in them, and never for an hour kept it in his own possession. When the U 8. Bank started in 1794, that; efter the expiration of its charter, he again resorted to State Banks, and although all the ks South of New England saspended io payments, soon after this, still he kept anks. When the United States Bank was rechai was one of the privileges of that bank that it shoul ceive the money of the Government on deposit: and this continued till 1633. Then, gentlemen, Jackson violently and without law removed tae deposits, and everythiag was in confusion till 1886, when Congress legislated on the subject, and the money was deposited iu certain banks again. And this continued till Mr. Van Buren, in 1839, breught forward his Sub-Treasury. And on this mee- sure he was driven out of office. So that the public mo- neys haye been kept in bank from 1789 downto this day, with the exception cf a single year—that of the Sub-Trea- sury. And why should we change this plan, sir? The money of the country should be kept in the same way that any prudent man would keep his own money. Thi plan has the sanction of wisdem and experience—maxims as sound ## the principles of common law. No wise man woul! think of trusting urplus money to the keeping of ey mee, oF set of men, unless such aman as John Jece® “eter, and only then when he could not find ro ter at hand fo deposite it with. Is it not notori comme thy ‘ite officers,to a great degree, have become dis ov aed Soqelters when they were recipients of public money | Whe can trust them? Look atthe frau nd detaieations of receivers of public money. A public of- fice im this country isthe worst school of morals this side of the penitentiary. (Laughter.) If an honest man gets in, he becomes a rogue before he goes out. (Cries of “You're right.”) And if a rogue get he becomes ten es a rogue before he out. Itis chiefly the bold, the reckless, the unprincipled, the bankrupt in fame and fortune, that rash on to seek office. And is it to such that we should trust the public money ? Willthe punishment of one detaulter deter another from the same crime, any more than the exhibitiono! the vallows in the penitentia- ry deters another murder. No. sir; even the U. 8. Bank was not half so unfortune in having dishonest and faith- less officers than our government has been cursed with for the lastten years. And Iforone, sir, will never con- rent to support this executive treasury system, which is open toso many abuses. It may be competent for tue go- sub. ury, but it is not com. an executive bank for receiving depos- T money, and selling exchange. He y ing that at the proper time he would bring forward his plan, Mr. Wintitnor said that this Congress out to pass some law on the subject, although the subject had become so entangled during the last 10 years, that it was difficult to know what ought to be done. A Bank of the United States was an obsolete idea. He was opposed to the ni tive resolution of the committes. He regretted that‘ the Sub-Treasury had been repealed, for that was better than nothing; the specie clanse could have been taken out, and then it would not be so bad. There were narts of thé Exchequer he was in favor of the issuing of $15,000,000 of paper redeemable in specie by the government, would xive great relief, and t exchange feature would be use- jal, and although he had objections to many parts of the Exchequer, he would vote for the whole of it, rather than have nothing at all, as was now the case. Mr. Mars#axt. rose and said that in his last speech he meant to be understood in speaking of Mr. Webster as ais master and teacher—that he was his master in the same respect as Aristotle was the master of the Mace- donian (Alexander the Great;) as Anaxagoras was the maater of the Athenian Pericles, and as Socrates was the master of Xenophon and others. and humblest of men and scholai position with those great men, but that Mr. Wi sembled those great teachers. He then went on to say that in speaking of Mr. Webster having pledged his repu- tation for the success of the Exchequer scheme, he meant no sneer, for a more priceless pledge could not be given The _reputatior. of that great man would outweigh in value all the jewels of Europe's proudest princes. He then went onto read all that part of Mr, Webster's Faneuil Hall speech, from the Herald report, which treated ofthe Exchequer. He con- tinued :—A fuller endorsement of this plan could not have heen given. He hasthrown around it all the dignity and tre of his great namo and genius. Awd this must, there- far be considered as the next best measure to the which the wisdom or the ingenuity of man could devise. He then read extracts from an article in the “ Madisonian” relative to a former speech of his, and said it sounded very much like the ar. guments made use of by Mr. Cushing in one of his speech ot, and retorted back on that gentleman the charge of re- ’