The New York Herald Newspaper, November 10, 1853, Page 6

Literary Review. 1. Liou From rae Serre Worup. Rey. Chas. |, Medium. Bela Marsh: Boston. 2. Tax Prcoxotace oF Tuomas Paine. Written by the Spirit of Thomas Paive, tli \C. Ham- mond, Medium. Partridge & Brittan: New York. | 3, Voices PROM THE Srinit Wox.v. Isaac Post, Medium. McDonnell : Rochester. 4, PurLosopay or Srrcrat Provrpences. By Andrew Jackson Davis. Bela Marsh : Boston. 5. Review or Rev. CHannks Bescuer’s oe | . B. | Partridge & Brittan : New York. - } 6. Tue Surxkrwan. eee : September, 1953. | ork. ConceRnine SrimituaL MANIFESTATIONS, Brittan. e & New | Byron, Shel'ey, Southey, and Edgar Poe have de- | generated into writing dogyerel verses— Washington has forgotten the significance of language—Jefferson declares himself stil! for the Union in very bad gram- mar—and the hero of Waterloo is at the present maoment vending coffee to thirsty souls in the invisi- ble world! So say the spirit ra) at least ; and A. J. Davis, with a hosteof other ous worthies, weme of whose names appear at the head of this article, officially endorse the statement. Nor is this all. Jn defiance of the laws of gravitation, mediums have been known to hang, like Mahomet’s coffin, between heaven and earth—hats have, unaided, found their owners’ heads—table brushes | have remorselessly misapplied themselves to old gen- themen’s wigs--and the last and most remarkable freak has been performed by a boot-jack, which trotted into a room, and spontaneously dragged offthe boots of every individual present! Who witnessed this last unearthly apparition, and did not say with Hamilet— Answer me! Let me not burst in ignorance | but tell Why thou, 0 bootjack of mahogany, Hast acted thus, and snatched from me my boots? Speak ! art thou inebriated? But these are trifling phenomena to those yet in embryo. A new tragedy from the pen of Will Shakspeare, a scientific treatise upon spiriéual inter- course by Bacon, or an heroic poem by Homer, may be confidently expected. Why has not Pharaoh been summoned to translate the inscriptions on the Pyramids, or Sanconiathon to explain Layard’s dis- eoveries in Nineveh? Let us advise Partridge & Brittan to keep their eyes upom the shade of Ry. daspes, and bag it without delay. The mysteries it eould unfold would be mines of wealth—a nest, a mare’s nest for the Partridge! But, seriously, the ghosts of our ancestors have visited us at a proper season. Two centaries ago these rappers would have been burnt for sorcery, Fifty years back, if the subject of “ spiritual mani- featations” had been approached at all, it would have been treated with utter contempt and ridicule, | and the whole business regarded as an imposture and | an insult to common sense. To-day, the question de- serves “ the most earnest scrutiny,” as Greeley sa- observes. By the spirits of the sixth circle and their ambling medium! we find it difficult to decide who are the most enlightened—we who be- eve everything—our fathers who believed nothing, er our ancestors who burnt the witches! But though it is the fashion of the ny “open your mouth and shut your eyes and see what Heaven will send you,” we cannot endorse the principle. We must examine some of these phenomena which our authors take for | ited are evidence of an existing intercourse be- | een the inhabitants of this and the second ae Here, for example, is an instance of an astonishing | eure wrought through the agency Madi We ex: | remembers the story of the hynochondrias who fan- cied himself a china teapot, Oce on'stret:hed arm was the spout, and the other, placed akimbo, an- swered very well fora handle. Che remonstraaces | of his frierds were vein. Satisfed that he was com pored of a costly and br material, he woald not | permit their avproach, for tear of being broken! He used to entreat them to take care of his spout! Our spiritualists remind us forcibly of this human teavot. they shonld be treated as hypochondriacs. Creda: | lous people, beware of their spout ! We are not bigoted sceptics, We are pi believe any man a teapot, if he can prove subject of spiritual intercourse we with witnessing the successful dénouement of some such e: iment as that of the geatleman who has been offering a thousand dollars, for the last few ears, to any mortal or ghost who will read @ line of Bhakspeare that he bas written out and carefully sealed up in a box. Our Kentucky Correspondence. Papvcan, Ky., Oct. 19, 1853. The Situation of Paducah—The Services of Gen. Clarke— Telegraph Lines— Railroads, §c., §c. ‘This is the head of deep water navigation in low water seasons. The “ bara’ commence just above this point, and only the smallest steamers navigate over them, while the large class steamers run below. This arrangement makes Paducah a considerable point, as boats reship, it being the termini of their trips. The Tennessee river empties into the Ohio at this place, and thus it is also the point of reshipment for that river. Large barges and flats of cot- ton are brought here, and shipped on steamers to New Orleans. fhe packets run from Paducah to Nashville. From these remarks you will perzeive that Paducah is a considerable commercial town, and will ever continue so. As the country becomes more cultivated the prosperity of the place will advance. Cornu and tobacco are tue principal products of the country. Wheat, fruit, potatoes, dc., are fast be- coming attractive to farmers. Paducah is a very old town, and it was not until within a few years past that its progress became marked and attractive. The place was named after an ol dian chief. {[t was laid out about 1832, and became @ county seat about 1836. The land was originally a part of the Gen. oe Rogers Clarke military grapt, given the old soldier or his heirs for his distinguished services in the Bevolutionary war. It will be remembered that Clarke was a great sol- dier. He fonght nobly; was paid nothing. He achieved for the United States wonders, but for him- self little renown. By his invaluable services we now own the country west of the Ohioriver. At the treaty for peace the British Commissioners claimed all the territory west of the Ohio. Mr. Ja} concurred in the claim; but Mr. Adams contende: that by the achievements of Clarke, who then held St. Vincents—now Vinceanes—Kaskaskia, Cahokia, &c., that the whole territory was then held by the Awerican army, and that he “ never would surren- der’’ one inch of ground west of the Ohio conquered by Clarke. Mr. Adams triumphed in his position. I must return to the subject of my letter. Padu- cab has rapidly improved. The telegraph lines di- verge from here to New Orleans and St. Louis. There are seven churches, any number of stores, coffee houses, hotels, &c. The hotels are very infe- rior. The most important hotel burned down last spring, but is now in conrse of rebuilding. Itwas for- merly kept by a man who never hesitated to charge according te @ man’s “pile,” and the fact being ge- nerally known, it injured the town. The Baok of Louisville has a branch here, with a nominal capital of $100,000. The issue is about $600,000, being two deilar issue for each dollar of coin in the vault. The Commercial Bank is losated here. It was organised about a year ago, capital about $500,000. Its issue is not as much as allowed by charter. I understand the bank is entitled to issue some $100,000 more than is now in circulation. The bank has a very careful cashier, and while they have the services of Mr. J. L. Dallam, in that innocent’ position, will re] to it eared fe satisfied tract it from S. B. Brittan’s review of Beecher’s re- | p . It never will suspend or break, His capa- apd the manifestations. In style and composition | city is fullyequal to the position. There are three reser bles much the wonderful effects related of | Comatock’s vs or Holloway’s ointment—but | wimporte, read it:— Ata circle held at Adrian the first Saturday in July, the spirits wrote:—-‘Seek the Jame, the halt, and the infirm, they shall be healed!’ I then remarked to J. M. Reynolds:—‘‘It cannot be done; if that is read awa: the spirits and the cause presented E go ther; for some one will be and ot cured.’? Nevertheless the call was colleague, when Mr. Lyons presented himself, stating that his leg bad been drawn up by rheumatism Sear years and wes under acute pain at. the time. Without the exercise of my own volition, I was into the spiritual state, aud placed be- him. Iwas also made to speak by the power of | Spirit! I put my hand on him, and he was made . He dropped his cane, and went away rejoicing, & boy of sixteen! would Andrew Jackson} Davis explain this? written a tely denying special provi- Gences, and has proved that Avanias died from and chological causes! From its we must conclude that the author has been en- ge @ most intimate commanion with the when Tom Paive,and has appropriated Tom’s in the flesh. Hear, again, a communication from the shade of Go om, oh, people! goon to perfection! The spirits of Rome’s greatest Reroes are hovering near to protect and you. Be courageous— vere! rish true y. 8 knowledge over the world. Instruct bar- bareus na! im the art of oratory. I once thought my- self the frst orator in any age oF country but trath must be told—I have been ex: by Van Buren. Would you like a sentiment from Washington? No, Ro, we'll spare Shelley, wi Tpelieved in neither angel nor sp'rit e, has changed his views, and expresses his thus blest! and yl elt My mind can sweep o’er all rink ina freedom was denied. Earth’s sons of clay, would have despoiled me; me what I was—they made me doubt; they have ne power to mar my soul, For to my lumined spirit is revealed ‘What once was dim and Lerman’ earth. Oh! Immortality, thy bliss—and still *Twas I who doubted thee! listen why: 1 eaw the wrongs in Church and State, and I, too, Saw a power to right them, and to make An Eden’s garden smi‘ing here; But others scorned, and wished not to right I saw, for they were false, friven these specimens of spiritual specimens of 9; com: ‘as they bear internal fe rid of the We will not pause to argue with any in such trash—that spirits without can write—that Washington ig idiot, and Soman has lost all ed er degenerated into a scribbler parate deception so obvious from the so- jiritual manifestations, and the whole ques- nut . Let us admit that there are with which we are imper. —let us admit that many of the of animal magnetism and electricity are our comprehension—let us even ad- bach’s th of what he calls the odic mesmeric influence, so to speak pro- agency upon animate and inani- But between this and travelling into world to seek for the causes of those phe- which are produced here, what an immeas- yp! There sre people who find an unna- ig. A heavy storm of hail volcano in the moon—an extraor- Ym ge pgibnn =te onpee can 18 a pre! ory sym, im Sati pret short yy your and so pA History y stocked delasions. The theories brought for- mesmeric influences are examples. seems to at e- i i i i i | 3 E > HEE F fe teen aoe ‘i e = it HP He petty saw mills constantly running; also, one grist mill; two tan yards; one distillery; a marine railway, for repairing steamers; and an extensive shipyard; three newspapers, two democratic and one whig. There is a university and a large female seminary. The government Marine Hospital is located here. The population of the town is about 4,000. The Mobile and Ohio railroad ends here. The Vincennes rail- road terminates opposite the town. These roads are now in progress of construction, and will at an early day be completed. The town is healthy. ‘is is the home of the Hon. L. Boyd, the ex Speak- er, the sixteen year Congressman, distinguished for drawing his per diem and mileage, and for doing nothing else. Lamarrins. New Chapter in the History of Koszta. {Correspondence of the Boston fravelier.} ConaTanTINOPLE, Oct. 6, 1853. Yon have already been informed of the imperial order from Vienna for the delivery of Koszta to the Americans, and that Mr. Brown had oe to Smyrna, on the part of our Legation, to see that he was ship- ped for the United States. ‘Mr. B. has just returncd, without having accomplished the object of his visit. Opposition arose from a very unexpected quarter— the Leg Rages the pan being prevented by none other than Mr. Offiey, the American Consulin 5: na. As different versions of the sto! be sent home, I give you, in brief, the true account ofthe matter, which I have received from the most reliable cources. You will recollect that Mr. Marsh. our Minister, was abgent at the time this affair of Koszts took place. When be returned, Koszta was still kept a g at the hospital of the French Consulate in Smyrna. Some little time atterward Mr. Marsh received an official demand from the Austrian Minister at the Porte for the delivery of Koeztato him,as an Aus: trian subject. This, of course, was positively refused, and, after some rather sharp corres; nce, the matter rested for a while. At the French Ambassador proposed to both parties a sort of com- promise, by which the release of Koszta might be effected without waiting for the decision of the ques- tion of international right. It is understood that the French government have ex; theirdisapproba- iion of tne act of their Consul in Smyrna, in consent- ing to be the keeper of Koezta, and probably it was for this reason that the French Ambassador prop2sed his mediation. They want to get rid of the man as soon as possible. Mr. DeBruck and Mr. Marsh accordingly agreed to separate the two questions, as to Koazta’s io and the rights of nations, and it was arrani it Koezta, should be given up tothe American Legation, to be sent by them direct to America, leaving the two ee to settle the question of rights as they could. Of course, by this ages pte neither party gave up their ultimate claim to the man,asthat ‘would depend upon the manner in which the other question should be determined. The object was simply to get the man liberated. He was charged with no crime. The French Consul was very un- easy at being made his jailer for so long a time, and it seemed altogether the most judicious course to send him off quietly to America. Of course, in these circumstances, aud with the main question of right still pending between the two governments, it would not have been reasonable to expect that Austria would consent that Koszta should be set free in Smyrna; though, ultimately, if the right shall be proved to be on the side of our government, he will, of courge, be at liberty to go there, or anywhere else but te Austria itself, under our protection. The ob- ject of the meen movement in his behalf was to shorten his imprisonment; not to retain him a prisoner during the months, and years perhaps, while this difficult question is pending. It must be acknowledged also, that, comparatively, we ‘gaiaed by this tion, and the A: jans lost, for he was lowed to go to America, where, at least, he is safe. The thing being thus arranged by the Ambassa- dors, Mr. Brown proceeded to Smyrna to carry it into execution. You will remember that when Koszta was received by the French Consul, it was by written stipulation that he was to be given up ouly at the joint request of bath the United States Austrian Consula in Smyrna. Of conrse, asa matter of form, Mr. Offley’s signature was necessary for the carrying out of the plan. This he positively Hf) culations, contrary alike to the otrevesled Teligion and the dictates of com- ! mon }. Has there an haga at any logi- eal t?—any reasonable dedoction drawn from. rapping phenomena, to prove that they mtion? We see are evidence of spiritual interver the kind in any of the works we have of I mentioned. fi Meek probenite lies with those who have advanced these startling proposi- ‘tions, have failed in making out the fidtow of by their own showing, qnestions are an through an absurd and suspicious method of a} ‘and the bi of these answers failures. Spirits are summoned i i troopers, and are proved to be both maorally and intellectually the inferiors of mortals. Does not this, on the face of it, look like deliberate ~| i these do the rappil and table-tarnings to Fe ings es there can vers in spiritualism mean no nataral agency at work, know little or nothing? If of Faraday, and treat with that mesmerism, electrism, may have something to do in establish their claims to spir- yg or the be fools or knaves. z had Ht & fi i if I Fs i 7 fl iz er E ze y i 535 f refused to give ! it would in his estimation be an indignity to our country to have Koszta released in this way. Ap- rently , he could not see far enoug® to separate se- Tween the two questions as to the present disposal of Koszta’s person and asto which af ag had right on ite in the steps previously taken. His being permitted by Austria, to proceed, with an Amerisan passport, to America, while at the same time she continued to ascert her claim to him, in form, as an Austrian subject, implied surely, some concession on her part, but none on ours. We re2eive himon these terms, still protesting that, in Smyrna, we hada tight to protect him as an American citizen, and we carry him to America till the dispute is settled: between the two governments.—Have we not much the best of the bargain / Bat Mr. Offley says, it is an indigaity to our coun- try that Koezta should be carried on board an Ame- rican vessel, to be sent off to America, and not be permitted to land again in Smyrna. The answer to this is easy. To suppose that Koaz‘a would be set at liberty in Sinyrnt, by agreement of the Ambas- sadors, fo go where he liked, is to suppose that the international question could be settled by them, wi ig pow an im ji This question is totrely out of their , and mast be set- tled by two governments; nor can Koszta’s re- lease in the way proposed, in any way interfere with the right solution of that question; unless, indeed, it add weight to the American side. By this act, Mr, Offey, an inferior officer of the government, put himself above our Legation, and virtually assumed the right of veto u the wae of the Porte. He has. He saw fit to take the ground that | to ad Pet erring Seren a | effort in vain to persuade Se) cnanee was so indignant that he threatened to tarn him out into the street, which threat he may very likely put in execution. Provinces. UPPER CANADA—1852, Counties. County Towns. ‘enatang’re [v] Goderich Tadousac . Chicoutim: Missisquoi, W. RPh “al Mistisquoi’ E.R.. Brome. aap Shefford. Granby. Arthabaska. Sherbrooke Stanstead NOVA scoTIa—1851. .-.-Bidney... Bedegue . Port Shelburne TOE» 45,0000 Hou are e eran ove PRINCE EDWARD I8LAND—1848, v Seat Jpper Canada. Lower Canada. . . New Brunswick. Nova Scotia 18,746 Prince Edwards Isla 1848 62,673 2,134 Newfoundland............1861 101,600 57,000 Hndson’s Bay Territory...1851 180,000 2,500,000 Labrador.............-... 1851 5,000 170,000 + 2,662,695 3,125,401 CAPITALS, U, Canada 184 4 Toronto, U.C... 21,000 30,775 Hamilton, “|. 6,832 14,112 y 9,500 11,685 , L. C 87,000 42,052 ontreal, “ a 50,000 57,715 Frederickton, N.B...... 3 4,000 4,458 St.John, “ ...---19,500 20,000 22,745 Halifax, N.8.. 22,000 23,500 26,000 Charlottetown, P.B..... 3,904 4500 4,717 St. Johns, N. F : Trrnine Free Sorters ovr ov Orrice in Massa- onverrms.—The President has o1 the removal of Stiller, Postmaster at Bedford, and Merrill, Postmaster at South Andover, Massachusgita, for coalescing with the free voilers at the recent Middlasex County Convention, in the nomination of candidates for State Senator. Hobart ork has been appoiated to succeed Merrill, and Henry Cleason to aneeeed Stilles, Calvin H. Perry has been samet gga capability ; id will, I doubt su} a we , and wi lous pot, fo pomp. Lemons of wisdom fre home, receive some which will be of essential service hereafter. Mr. Brown, being thus thwarted, immediately copupunivated the circumstances to Mr. Marsb, aad «) pointed Postmaster at Natick, Massachusetts, Arrorxtayt ny THe Paearnent.—James W. Green, of Virginia, to be Consul of the United States for inna i Vora. | density on the inside of the curve. Statistics of the British North American | Naval Intelligence. ‘Third Assistaxt Kagineer Henry 8. Barker has leave of absence for six months, on account of sickness. Midshipman Z. W. Dawson, who has returned from the Mediterranean sick, also hss Jeave of absense for three menths. Passed Midshipman Joseph 3. Day is promoted to # mas- ter, vice John Stuart, deceased. The United Staten steam frigate Susquehanna was at Cumsingmoon August 19; the Mississippi at Whampoa August 10; the sloop-of war Saratoga at ‘Shanghai August 1, where she would go into dook for repaira; the Plymouth at last accounts was at the Loo Choo Islands, where she would remain until relieved by the Vandalia, in the courss of two or three months. The Vandalia and steamer Pow- hatan were daily expected at Hong Kong, at our latest dates The razee Macedonian was ex] in the course of a week or ten days, and the storeship Supply in two or three weeks. Political Int The democrats in the Vermont dasielatare have nomi- nated Hon. Daniel Kellogg for the United States Senate, and the free soilera Hon. O. 8. Shafter. The wl have rot made a selection, but the choice lies between Jacob Colamer, Portus Baxter, and Carlos Coolidge. Obituary, Gen, Auex. McCowxxit, who has been a prominent man in Ohio for some thirty-six years, as a member of the Le- giature Board of Publie Works, as an associate judge, 1¢., died recently at McConnellsville. He was one of Jackson electors in 1832. Forsign Consvt.—Eusebio J. Gomez has beon officially ved by the President as Consul of Spain for the port of Key West, Florida, FINANCIAL AND COMMERCIAL. MONEY MARKET. Wronmay, Nov. 9—6 P, M. There was more activity anda better feeling in the stock market to-day, Buyers on time, their own option, were plenty, and sellers freely supplied them. Atthe first board Delawareand Hudson went up 4 per cent; Morris Canal, 34; Pennsylvania Zinc, 4; Nicaragua Transit, 34; Cumberland Coal, 3; Parker Vein, 4; Panama Railroad, 34; Erie Railroaad, 34 ; Norwich and Worcester, 4; Hartford Railroad, 34; Reading Railroad, 3° Hudson Railroad, \(: New Haven Railroad, 134; Erie Bonds, 1871, 14; Panama Bonds, 2; Metropolitan Bank, 3{. Some of the fancies area little heavy, but prices remain unchanged. At the second board the market was firm, with moderate trans actions. Cumberland advanced 34 per cent; New Jersey Zine, 14; Parker Vein. 3; Reading Railroad, 34 The receipts at the office of the Assistant Treasurer of this port to-day, amounted to $67,521 72; payments, $140,662 03—balance, $6,406,489 55. The following of stocks were made at auction to’ day by A H. Mull $4,000 Columbus, Piqua & Indiana Railroad bonds.. 803¢ do. do.. +» 80 7,000 do. ¥4 9,000 do. do. 80% 60 shares Fulton Insuranc ity 60 Mechanics’ Bank.... 40 do 10% 50 Cleveland an 9034 60 do, do. 90 100 Island City Bank... 100 Lenox Fire Insurance Company 90 20 City Bank, Brooklyn 85% 10 St. Nicholas Bank. 90 The direetors of the Pacific Fire Insurance Company have declared a semi-annual divicend of eight per cent, payable on and after December 1. The receipts of the Norwich and Worcester Railroad Company for October, 1853, were $31,867 44; do, 1852, $24,886 89. Increase 28 per cent, or $6,080 15. The Utica Gazette of yesterday says:—The Bank of Owe- go will lose about $30,000 in consequence of the failure of T. Dwight, the New York city redemption agent for the bank. Owing to the excitement consequent on the state of affairs thus produced, the old officers of the bank resigned, and George Hewett has been elected president, and G. W. Warner cashier. We understand that the failure will not affect the solvency of the bank.” One of the most important improvements of the day is that in reference tothe preparation of timber for the con- struction of ships, and for all other purposes where wood of different shapes is required. The Ship Mmber Bending Company will soon have in operation, in the neighborhood of our largest shipyards, one more powerful machine for the bending of the largest and longest piece of wood to any shape required for building the largest ship. Any curve desired can be obtained, and additional strength is at the same time given te the timber bent. The different experiments made with model machines have been wit- nessed by th. moat prominent scientific men and sbip- builders of the country. who have been highly gratified with the results presented. The principle upon which the force is exerted by the company’s machinery is very sim- ple. An iron model, with a large groove corresponding to the abape of the knee, passes in its whole length, under a cogged wheel, whose cogs fit into corresponding grooves in the surface of the model, and performs a semi circular revolution. It receives into its anterior extremity, which starts under the wheel, the stick of timber to be bent, and fits over it as it lice upon the horizontal frawe which sup- ports the machinery, receiving the stick into its groove upto the spot where the curve begins, where the model rises from the frame as the knee of the ship rises from the water. The horizontal framework has also a groove into which the stick is received, and at its farther end an iron plate is forced against it steadily by a screw, giving | = strong and uniform ‘‘end pressure”’ in the direction of its length. It lies upon a flexible iron band, which is at" taghed to the end of the model, where the stick rests. Asthe anterior end of the model passes under the cogged wheel, and rises to a right angle with the frame, carrying with it the stick of timber bound in its groove by the flexible iron band, its posterior extremity descends, fitting over the timber until it is level with the frame. The stick of timber has now taken the shape of the mould, and when cold retains its shape with as much tenacity as if it had grown into it. It is very evident that when a straight stick of timber is bent into semi-lunar shape, the fibres of the wood upon the inner side must be packed more densely. The wood is steamed for froma half to one heur for each inch of thickness, and put into the machine warm and moist, and as it takes its bent | position, the inner fibres are impacted without destroying the tissues of the wood, but only increasing slightly its By a slight modifica tion of the moul¢s or models, which are intended to be made in sections, great diversity of shape, even to a double curve, can be given, and the immense variety of, purposes to which this invention can be applied will at | once suggest themselves to the mind. The annexed statement exhibits the actual aggregate indebtedness of the government of the United States on the 6th of November, 1853, compared with that of the week previous :— | Fivances or tae Ustrep Srares.—Ovrstanpixa LiaBiumies, Nov,, 1863 A Amount Loans. —_ovitstaniling —-Raleemed §— outstanding Oct. 29. 1853. Sinoe, Nov. 5, 1863, $7,502,386 54 $156,300 00 $7,346,085 54 169,700 00 54,800 00 115,400 00 4,331,739 71 '22,139(230 00 14,906,741 80 49,049,769 05 Texan Indem’ty. 4,925,000 00 Do. not issued.. 6,000,600 00 Old funded debt 114,118 54 Treasury notes 66,000 00 4,265,739 71 271,200 00 21,868,000 04 97,000 00 14/809,741-80 outstanding., 114,711 64 - 114,711 64 Debt of Corpo- rate liab’ts.. 720,000 00 696,000 00 24,000 00 Totals,...$59,029,537 23 1,340,300 00 $68,582,797 23 It appears by this that the redemption of liabilities from Oct. 29 to Noy. 5, 1853, amounted to $1,340,800, of which $696,000 was on account of debts of the District of Columbia, and 644,800 on account of the different out standing debts of the general government. It does not appear in this statement the per cent premium paid on the different classes of loans redeemed; but we know it ranges all the way upto two-and twenty per cent pre- mium. The largest item of redemption was of the debt due in 1867, a period fourteen years hence, and the loan due at that remete date is bought by the present Secre- tary of State at premium of twenty two per cent. I: can hardly be possible that he pursues such a course for the best interests of the country, for the most ordinary financier in Wall street would de- vise seme way of making better use of his surplus funds than buying up his own paper at such an enormous ad- vance. So far as the government and {ts finances is con- corned, it would be far better to let the surplus revenue remain idle in the vaults of the dilferent depositories, than to put into the pockets of financiers such an enor- | mous profit as they are now drawing from the Treasury. ‘The Secretary of the Treasury is either 60 inexperienced in finances as to have been made the tool of certain cliques of capitalists, or else he is in collusion with them, in fixing such a high point for the redemption of govern ment stock, Kither through his ignorance or cupidity, he publicly announced that certain stocks of the United States would be redeemed at a certain per cent to any extent they might be presented at the Treasury, the con- sequence of which was that the market value immediately advanced to that point, and there it has remained ever since. We can easily understand why such an announce- ment should be mado; but the reason is entirely in favor of individual aggrandizement, and decidedly against the in- veresta of the government. It waa an absurdity that no Wa) street fancy stock speculator would have been guilty of, Such « thing was never heard of in England, or ineny other country where it officials hed the slightest preten- sion to financial knowledge. The movement was 89 uncalled for,so far as any public purpose was concerned— to blind to the public interest—so well calaulatgd to aid those financiers in the confidence of the Secretary af the ‘Treasury, that we cannot attribute it to any other mo- tive than a desire to subserve private interests. It is too palpable to have beens mistake ora blunder. If it was either, it would be more excusable; but it dertainly bears upon its face a worse character. It is well known in this city that the government is at all times surrounded with « set of political financiers, who stand ready to pick up the crumbs tirat fall from the treatury table. They manage to control every new head of the Treasury Department, and squeeze out considerable pap in one way or another. They are fall of financial schemes, and either in contracting new loans or in liqui- dating old ones, either before or at méturity, pretend to have nothing else in view but the best interests of the department and of the government. Throughout the Mexican war Mr. Walker was in the hands of ® clique of capitaliste, who made immense fertunes by the negotia- tions of loans, while he directed his entire energies, phy- sical and mental, to the duties of his office, without parti- cipating directly or indirectly in the enormous profits made out of the government patronage. Mr. Walker was not made w tool ef by any of the financiers of that day, for no one can pointtoa single mistake or blunder, or to any act calculated in any way to dissredit his administration of the Treasury Department during his whole term of office. It is, however, well known that but for his favoring certain bankers in Washington, in the payments of loans negotiated into the treasury, they would have been ruined, and plunged into the very lowest depths of bankruptoy. The government was not restricted im any of its financial operations by the course pursued by the Secretary of the Treasury, but, on the contrary, it enabled parties to make such dispositions as the exigencies of the time required to meet the contracts entered into. But for this, much valuable time would have been lost in issying proposals for new bids, and the terms realized might have been much less favorable. Mr. Walker was a match for any set of acheming financiers; but they have now got hold of a pliant tool, and they will make a rich harvest during his term of offiee, be it long or short. Western lawyers make very poor Seore. taries of the Treasury. The present is not the only in- stance of the truth of this remark. There is no other department of the government requiring a more experi- “€nced, proctical man than the treasury, notwithstanding which it is almost invariably administered by come fourth or fifth: rate country lawyer. We have at this moment a surplus revenue of about twenty-five millions of dollars. Of this, five millions are dye to Texas, which must soon be paid. This will leave a balance of twerty millions. The total indebtedness of the government was. on the 5th of November, $58,582,- 797 23. This is nearly three times greater than our im- mediate available means, notwithstanding which the wise Secretary of the Treasury is paying a premium of twenty-two per cent on a debt having seventeen and eighteen years torun. If these figureshad been reversed —that is, if there had been in the Treasury $58,582,797, and the outstanding debt had been $20,000,000—such a piece of financiering as paying twenty-two per cent pre- mium would hardly have been ‘justifiable. We doubt the policy of depleting the treasury in any irregular way. We shall want every dollar before the next two years elapse, to meet the orcinary appropriations. Even had it been sound policy to have anticipated the maturity of & portion of the public debt, it should have been private- ly, secretly purchased at the market price, and not bla- zoned by a special circular, that such s price would be paid for any amount presented at the Treasury Depart: ment. Verily, Mr. Guthrie is a model Secretary of the Treasury, and Wall street is in a fair way of being en- lightened by his great financial genius. The Cleveland Plaindealer of the 7th inst. gives the an- nexed history of the operations and position of the Bank of Massillon, Ohio :— This bank was chartered about the year 1835, with trenty years to run, and is one of the four, with Woos- ter, Clinton, and Circleville, of those old wild cat con- cerns that has tried to live out its appointed time. It belor ged neither to the State banks, State stoch banks, or independent banks of the State, ' but rt of free- booter, with licezse to sin and sink when a big swia- dle can be effected. @ capital was $200,000, with the privilege of ies $400,000 in bi A few years since ht $170,000 of i‘sttock, making him sole controller of ita and Lib pred he has used itfor his own He the Cleveland and Pittsburg Rail- ita circulation, taking bonds security, transferable on de- livery. The balarce of his circulation, $200,000, has been used West building the Chicago and Mississippi Rail- road, the bank ceasing to do business at home. By the last reports of the bank, Dwight had in hishands $350,¢00 of its means, subject to ret drafts, and his failure in New York of course burst bank. Oar city banks and bankers saved themselves by a timely demand of specie at the bank. The $200,0C0out West has not yet been heard from. We happened to be in the vicinity of Dwight’s Railroad last Thursday, when 150 hands were discharged for want of money to pey. Tne bills issued to the ©. & P. R. C. were peculiarly marked, having the St. Clair “Red Back,” with the figures 5 and 10 stamped in blood. It is said Mr. 0. has a million anda half of pro- in his hands—enough to pay several times his lia- bili if it could be so converted. In the meantime, bill hol must be the prey of brokers and sharpers. P 8.—We have just seen the cashier of this bank, who has just returned from New York He says the circula- tion of the bank when he left Massillon was about $380,- 000; thinks $30,000 bas since been drawn out, leaving $350,000 yet in clreulation, If Mr. Dwight returns to the bank the $200,000 bonds of the riches | road, which are a part of its assets, #0 much will go for the benefit of bill holders. The road is ready to m in coin said bonds as soon as they are in possession of the bank. There will then be $160,009 upprovided for. The receipts at tide water, of the principal articles of produce, from the opening of the canals to and including the 7th inst., have been as follows:— Receirrs or Propvce at Tipe WATER, 1853. a TPOKeS. Fear Company $200,000 of of the road as collateral 270, 10,822,100 i0'ss7'200 ‘The receipts at tide water of flour, wheat, corp, and barley, the first week of November, in 1853 and 1852, have bu. Corn, bu. Barley, bu, Flour, vols. Wheat, 68,711 132,587 66,176 306.914 Dec, ),307 Dec. 7,405 174,827 ‘The aggregates of the receipts of the above articles, so far, for the years 1853 and 1852, have been:— Flour, this. Wheat, bu. Corn, bu. Barley, bu, 2,421,462 6,767,178 2,819,698 1,038,627 859,846 6,471,496 6,031,948 1,608,855 Deo.437,874Ine.1,295,683Dec.2,211,250 Inc.429,772 ‘The receipts last year, from the 7th of November to the close of navigation, which extended into the month of December, of flour, wheat, corn, and barley, were as fol- lows:— Flour, bbls. 804,772 Corn, bush Wheat, bus] 1,283,451 Barley, do. ‘The trade in dry goods during the past week has shown neither activity nor buoyaney, though desirable produe- tions, which remain in light supply and are sparingly tendered for sale, have commanced very full prices from parties needing such to maintain attractive assortments, for which purpose nearly all the recent very moderate purchases were designed, though a few considerable lots have;been secured for shipment to distant markets, pre- paratively for the spring traffic. The current reseipts of goods are not large, nor exposed to buyers, as they form but the meagre nucleus of stock adapted to the next campaign, and are reserved for thatalone. These cir- cumstances enable operators to clear the fall business with brighter prospects than were naturally anticipated from the extravagaat and reckless manner in which was | commenced, and fora time conducted, especially by a certain class of dealers whose means are almost hausted in the payment of their rents and the prepara- tion of their stores, and yet who succeeded in procuring large suppiles ¢f goods on very doubtful securities, from some avaricious manufacturers, chiefly because they were assured by their debtors that they would undoubtedly be able to distribute heavy quantities of seasonable fabrics, and to promptly liquidate their obligations. How these certainly desirable objects were accomplished has been pretty clearly indicated by the reverses of the past month —reverses which occasion regret Only #o far as they affect prudent and upright merchants, who have had the power, but have lacked the inclination, to transact a heavy ba- siness at their own, their friends’, or their neighbor’s risk, We are gratified to know that these have not been seriously injured by the pressure in thy money mar- ket, nor by the consequent failures, To those who have been materially damaged in this way we can offer little cousolation, though we sincerely hope that they may profit by thelr experience, which we likewise hepe and believe will serve ss au.admonition to all others en- gaged mm tlie trade, Heavy brown sheetings and shirtings are in improved demand, partly for shipment, and more buoyant im pricey! Other kinds have not varied much. Bleached goods are dull and unchanged. Cotton flannels are retailing at lan< guid rates. Denims are in larger stock, but stifly held. ‘They remain in rather limited request. Drills are pretty active at 7340. @ 7)g¢. for brown; 73{c. a 8¢. for bleach ed, and 9c. for blues. The browns have been most freed ly bought, and mainly by shippers, at 730.8 7)40. Duck is purchased as fast as it is offered, at very satis~ factory quotations. Ginghams are less sought after, a@ old rates, Lawns and nankins are essentially unaltered.’ Ospaburgs continue in brisk demand at full prices.’ The stock has been but partially improved. Printing cloths are rather scarce, and very firmly held at former quotations. The demand is moderate. Prints are dul} and somewhat nominal. The fall season is about over, Stripes and ticks attract more attention, and rule very firm. The amount here is not cppreenty®. We annex » Fon pp tare statement of the shi 6 during eleven months, 1852. Pi pments hence of eyttom to date, of:— » Phos from by the fc ison of the exports thence using the oi Cotton goods, pkgs 88. 058 The markets which Boston 1 generally open throughout sforementioned period; while New York has partially lost its best customers, ows ing to the depressed condition of the gold regions in the Pacific Ocean and the®political troul in the Chinese mpire. Hence the contrast afforded by a condition of this branch of the export trade of the two cities. Woollen productions are more freely offered, and at ra- ther lower rates, while being only purchased sparingly by jobbers, who want to preserve their stocks complete’ Dee sirable makes of blankets are in moderate demand, and tolerably firm, bnt other descriptions are dull and difficult of sale. Cassimeres are quiet the commis sion merchants alone being engaged in closing outbrokem lots and unmerchantable styles, which are procured by retailers at very low figures. Broadcloths are inactive, and do not command old prices, excepting im small parsela, Doeskins have remained quiet, but are unchan; in vas Jue. Flannels are in livelier request at the recently re+ duced quotations. Jeans and linseys’appear inanimate and Janguid.. Mousselaine de laines are still saleable and firm: The Mancheeter Company, whose works were destroyed fire late in September, have rébuilt their priatery, are now employed upon their favorite Satinets are mene. Shawls seep scarce and firm. Sheep’s grays and tweeds continue as previously reported. Stock Exchange. $4000 Ohio 6’ 60 68. 107 1000 Ken 6’a see 107 8000 Erie 1st Mg Bas3 110 2000 Erie In 1-683 9 [pei Sea : 40 sbs Phenix Bank. 11514 Zz Del&Bud CxlCo.t3 11044 100 do. 123 Bank of Com, 50 Ohio Lf & Tat Co US Trust Co. 600 Penn&Lehigh Z 50 Flor & Keyport 100 Nicar’a Transit .¢ 600 '. 200. 100 400 300 250 200 400 100 ‘250 100 do. 200 Cumb’!’d 0'1 250 do, 300 '. 350 100 100 $1000 Cali 7s °70.... 1 2000 Erie Con Bs 71 8734 4000 N'Y Cen RR Ba. -91°° 100 10 shs Del&Hud CiCo 110% 60 Morris Canal..... 15 1 100 do. 15% 500 400 Potosi LdCo,.b30 434 . 7: bhai rahi . o% 50 Erie Railroad.s80 741¢ do. i Mines and Mining. ‘Wepyespay, Nov. 9—6 P. M. Letters from Sault Ste. Marie announce that the canal is progressing bravely. There are only to be two locka— 860 long long and 60 wide—and one with « fall of ten, and the other eleven feet. It is confidently expected that, vessels will pass through it next season. When they do, every foot of mining land will be doubled in value; and the canal company, which now holds upwards of 200,000 acres, will have made » rather good thing. It is said that the bulk of the stock is held by five individuals, of brag? the Hon. Francis Hincks, Inspector-General of Can- is one, At the mining board te-day there was considerable activity, at previous prices. North Carolina Cop; Ulster Lead and Penna. Zinc seem to form the staple of operations at this board. At the Stock Exchange Penns. Potosi Lead sold freeiy. ‘The latter is down te- cent, buyer’s option, thirty days. It was agood, MINING BOARD—Nov, 9. 4 CITY TRADE REPORT. Wepxmspay, Nov. 0—6 P. M, quihe Polsterous weather checked ‘business in produce to- ‘Kaues —Only 2 bbls. changed hands, at $5 50 for both BKEADsTUFFS.—Flour continued to tend upwards. The day’s sales embraced 34,000 bbls.—sour at $6 a $6 25; superfine No. 2 at $6 60 a'$6 75; ordinary to choice State at $6 03% s $7 12}4; mixed to fancy Western at $7 a $7 18%, and other les at Rian ices. About 1,006 bbls found buyers at $7 a $7 12%. There were 2,800 bbls. Southern bought at very full rates. No- thing new eccurred in rye fiour or cornmeal. Wheat was rather languid. The sales smounted to 62,500 bush- els at $1 78 for prime Genesee white; $1 72a $1 77 for good to very cl Michigan do.; $1 46 for Penusylva- nia white; $1 70 for Canadian and Southern do.; $1 66 for mixed Western; and $1 60 for red do, The sales of rye included 6,600 bushels, delivered, at 96c. a v7c.; and 1,600 do,, in the slip, at 9¥e, a 94e. ‘About 2,000 bushele Darley Brought Sse. Corn favored purchasers, The transactions consisted of 26,000 bushels, at 773¢¢. a 79c. for unsound; and 79c, a 8lc. for round mixed white and yellow, per bushel. eatateaer 100 bags Rio wére taken, at 10%c. a 114e. per Ib. Corton.—The day’s sales reached 1,542 bales, inclué: 212 for ex 1,014 for home use, and 316 for inves! ment. Market steady. Fancuts.—To Liverpool its were light, and shippers were inclined to wait for later foreiga news. Flour was at 3s. 9d, and wheat at 13d.; 300 boxes cheese were engaged at 40s, To London about 27,000 a 30,000 bushels wheat were e ‘at 15344, in baik, and 760% 800 bbls. flour at 5s. wre rates were comparatively uiet, at 24c, for wheat at 06c. for flour. For Cali- fornia 150 tons coal wer ee wae 80,000 feet me by clipper, at 560. per foot. The bees? ae 806 fons measurement, built in 1846, cash. FRort.—There were 1,200 boxes bunch raisins puschased, 8 20 a $8 26. \ ot tir About 1,000 bales river changed hands; for ex+ port, at 66c, s 76c. per 100 Ibs. Hors.—New were in fair demand, at 47}4c. a 500, Fastern readily brought $2 per M. Liwg,—Rockland was held at $1 0654 forcommon, and | $1 26 for lump, per barrel. | Navat, Stores --We have only to report sales of 400 | barrels South Carolina turpentine, at $4 75; sad 400 do. spirits turpentine, at 66}<c., a decline in price, occasioned Mtn whnle: perm, and olive ruled quiet, but more 18,—' L and olive stiffly held. About. 8,000 gallons linseed ‘hanged bande at 67. a 68, per gallon. a aid nok exceed 0 ui Wenteray ot $16 9 or mae, noes did ni 0 bbl at (or and $12 8734 a $13 for prime. About 300 bbls. good to prime lard were procured at 1030. a Ile. per l sales of beef reached 500 bbls, at $6 60 s $6 50 for rine” ORL en icra tie et for cl 0, f ‘A. J, Bleocker— Reat Estate. —Sales at auction, by 1 lot 084 street, 25x1 3 ‘2x1 oy corner of Fourth avenue and 1 00, 1do on Fourth avenue and 108d street, 100, 1 do. on 108d at 265x100, $172. 1 brick store and 107 Sonth street, $2,600; 1 do, do. 417 Pearl street, $6,800; 1 do. do. 217 Front é bt yd Soar.—Castils was in good demand, at 126, usual Tb. bar hf —The day’s movements included 600 bhda, Que at 4 and 800 boxes brown Havana, at 4X0. 8 P okey 2) ‘was sparingly dealt in at 11)<c. per Ib, Warenry —We heard That 160 bbls. Ohio SS Srey ‘were sold at 27346. @ 280. per gallons, cash.