~ - .Ternss- or - awns. - -.,, 5 . 1 - ~. , anntH . Tao Dtit, i4as per anntdri, part ly ienti- AI t' . 'ad v ance. If not paid withi*theqe . $Z 50 will be. •clurnp*, , ';- , - - - .1-• -l ,- 4 37 Papers delivena by thti , Post et. Win be chart r ea - a:Coins extra. • ~ i , f- ; • ,- . Adieresements not exceeding else I lines will be . • charged Ciro, three insert*ons--and 50 centiTor one. insertion. Larrr Ones in ptoportionV:' ' • -.. i. All advertismenis will sci be lattil oidered ctrl. ; males, the' time. for which they a tie be continued is 140edied, and will be chirtt an rdittilk 4- .Vehily_ advertisers will chx`rgvii we per annum, intiallitalanascription to the pap r-4with.the privilege .of Itaipultotie advenisement not ateeding.ll wriarelf ittandaig - dirinit the tear. and the i settler* of a smaller • ono to oleo fet r for three. nee ssiee times .AU lectern dresied to the edit r _Must lie , post paid -othiassise tin tendon t, wilt be, pa d lt ,td them. ... ~ All 130tilieb !for meetinguldic. a a oiher,noticee which 'have heretofere been inserted gran* will be charged •115 cents each.except hiaringes and l'tleaths. .1 , . - Bruiplitels,Glecks,j(krdi, B .Handbills of Cof.ry.destat:ption. Agree at the Lowest task prices. ab OS11? It 1 _ 4 .. . ~ 1- i ..Or Tse ,If 'Waited 1 • 1..._. 1.- . States t nannoto. Jonenal .g, 1 H - itND . - I • i ••.. Ilegister of pie Iron Trade, •° 1 ; -. i Ifi 'To be' published in monthly'nuMbers of 32 ocuivo pages, dotible colurnns,.at . 1 . POTTS VILLE, SCHUYLKILLCDUNTY, r,A. 'This work, as its titleAtiPorts,lFvill be devotelltii. the interests of the Cod ; and Iron trades, and s ch other mining loperatiouk, as 'ire I,daily becomin 'of more importance in our lotintry,and to the diffusion of general scientific improvernini,ii. , The location, of the seat of Publication, si tuated " ! iii very hear of a region, where nature bps been most prolific. Cif her gifts, points' it out as the Spoti frnin whence suc' a 4t , work should emanate. . The iniO?rtance oil our 'at and Iron products, and the perfection of the ex 4, ri ments for smelting iron ore with Anthracite coai;ltle- .mand , the Commencement of 'a publication, ..tto ichl shall -collect and disseminate tuna permanent . f 111, 1 et the infermation neces' situ to 'perfection in thetva . limn mechanic bronchPii dependent on them. ! Scientifivassistance will be engaged, and the kid- , . tory of the rise and progreSs of huf national mineral business, vorilllbe, given firm nuthentie source4---o .The`iron and ' lead fields i t of thokwestern states,lhe k gold rniningMperations of ,he Guth, and the_ ivrk , nip of cupperrobili until otherlimetals, and .all the .different man c?ures dependel on them, will, be' embraced in the 'ikhin of publica tion . Statisticaltn bles, and European ionproviionei4, still tie laid before .its- enders, and every effortlinadi'to render it worthy the atteution; not only - of 'iicorl ' Airectly • cosine, toul with mining operations, but. of `all who feel pi ' in . the advancement of our nations, resources, and I the deyelopement of its treasures. ': ''he latter cla 1 et . expected patrons must be nitinerons, when it is con sidered of - viihat vastimportance td the welfare fa country are its Mineral tretisuielif Great Britain ' es c l -to her ineihatiStable,supply ' t f 'oiii,' iron and o her metals, a large share of her triune+ , national to en /tie and individual wealth; t hey are her'prote ion ..n-,war, and tier " means of aggrandir l enient in pace.. Our United \ States is destined to occupy more-' .eminent station ap a mining \"couniry,and buti'feW . , 1. ..,, -, C.: years can elaps before we , will'be IndependenV of all foreign resources . England haslan annutiVron trade of about a Million, numb and it coal tradg, of probably ,twenty Imillions. o,ur crkuntry ha; in twenty. years, acquired, a tradeK nearly one mi ion tons of Anthracite, Coal, indePeenlent \of the.nil i minous Coal trade, which suiplied the South rom the Virginia fields, rind the velliegi of the Ohio land Mississippi from the\ tegion 'of 'Pittsburg\ The head .waters of the great western riArs,l k are tenoning ivith • mineral wealth, and their, prodncts 'l,vvill soon enrich covery'pooCul4 ~ aii: tial Fcrorn all t h ese d' l ld dire regions; the I .Vlining leurnal, ;will 'receive ace „rate accounts of progressiviinproVementS, and\phroidele them at the earliest dates. In ruder to assist tht dui . enlinatioa of such information; drawings and Tood cuts jaill be used, whene v er found necessary, and the opening number will be embellished with a cotTrect. design of the. first ,Anthraite Furnace, now ilinost successful operation in th \ coo c Borough of Pott iklle, • together with a minute and , areful description of all its Ichfferenti parts—the prop R ion of the charg,f's for i ' burden, dcc. , &e. &c. - o r: The commencement of suc an undertakingl . , 'the: . one new suggested, involves In the very fact ni.leter .*ination to Prosecute it witgor, and untirup dustry; and it it therefore de ed sup l erfluous re:, any' assurances of the inteation to render it, all practicable, ' a usefal and itimitific work;..lt IS fore, with a' simple promise to use every exerd collate important mechanical tru hs, that the ..1 ssrepresented with,the following ' Condition . • , .4 . , THE MINII.VG_JOURIVAL, A \ DREG ER or THE IRON TRADE, dill be printed Month ly, in octave form, with double coluMns, on god" 'pa• a r. ' ity, per: each ,number , Au contain 32 Fars , with tit prin. sed cover. i The terms of subscripllon will t e Three l ull.irs ; per annum, payable on the receptiim of -th ; first number. 4 - 4 In places where no 'established agent is Itk . two copies of the work will' be furiiiihett fui ter .J• ' Dollars,. if transmitted flee of postage.. " ' The first number, will be issuedout the ,let 6 April nest, or sooner, if a suffi.cint hum . er Oil subscribers be obtained to warrant its pUblic i s. lion. :,., , .. I; - I • (C. Post-masters - will please act a',4 agentsliin for _ warding the names of subscribers. ... , 1 ,;! , . a: r AU persons holding subscription paper*, will ,please remit the natnelyob4ined, early in FeftruarY, 1840. !1 . ., l' ~ ! : . ' a z Addresi Benjamin Barman, Pottsville, Scluyi: Jill Co: Ps. • I ; 1' { Editors throughont a 'the iountrY, who reel n interest in OKI establishment of a national work of At& kind; wilt confers favor by giVi4 this iiNsixtc tus a fewinsettions,and noticing the Aan in' their edttoriarcolumns. Where ' .regular agencies are not, • eiiablistusi, any person wishing to su . be may foil. -.ward their names, free of pestsge, or l ave them with ti o stinsaltaL . ni, who will oblige us by fo wanling 'such t?,cn as-they obtain, .at early . trperiorl as ossible. 11 _ l l EXCHANGE HOTEL, cri.vo.4 Li. gliiant- 1 64• Johnion ,i AS takett - thii commodios establish. ' tint recently iiceupied by Joseph Weaver, , " 'National Mite'," earner nf Centre andi , streent and 'has materially' improves itll tent' for the accommodation of customer (ton is pleasant and centraLteing contig. ,-Pnat Office I and. Town Hall, and in the pr4rtOf the borough ; and three Daily Lines, arrive and depart from the rplchange: WI Reeding, Neirthuinberland,',Danvillo and a. . rE,VAIIILIER who desire spending the, nxinitis in the Coal Region will be titraislied t : lorsand chantbors calculated to please th I winder comfatablei the Moat - fastidiou id.TRA YELL ERS will alWays find th os batons which are most : desired, and the tatton ofeerVatits. ~ . '. • • ' 111 14 0 db:to?* to . sey . that hioTistx,antl, alikkaye be' furnished with 1 , the choicest\ d !more ; and with a Wish.lond exertions Ausgiseatake anticipates the patronage of Ile.' yrd 13. 1839. • 15—ly . of Lading-aid 9 Printed at this aThritili Whiskey. molar sth eiroof If jab Obiskey fia , [ l l IdII4•ER Oc LiAGGERTY. I . , . t will teach you to pierce the bowehteTthe Earth and bring out I ' VOL XVI:, fry -, , • Later from Europe. ' 1 • 1 ---The London packet ship Garrick. Captain Palm er. end the Havre, packet ship Burgundy, Captain Limes. arrived on Friday it NY. edue lour-, nals.tto the 13th, Liverpool to thell4th • Parisi to the ISthjand Havre to thell6ol ultimo,.have reached pa by these vessels. "The British‘Perhaibent was pro.- 1 roguell'on the 10th pltimo to theil6thi_ . I 1. 1 A ;deputation of merchants' from iverpool has waiteci.opop Lord Palmerston on the hj :et of the - ,11 protracted blockade of Buenos Ayres. by the French . siintidron,'.and heshaci cornmunicatedtto the party the tact. that negociations for the settlement'. of this bitainess are;_going oni and that the FtenchlAdMi. ml, Who sailed in October last, had spefial oiders ki) treat with the Buenos Ayrean authorities isithoOi reference to M. Martinez, the French t..lonatil. , , Thii King of Denmark died tlyCopenhagekon the 3d December. The Portuguese ministry has= been entirely changed, end 'the pew inembe re are repre sented to be of the Coigervatives order. l' - 1 Correspondence of the Coirier and EnOirer:l.• • Loivrik December H. 1t139i1 The ,packetoships Garrick and Que sec sails frOM Panting - mak and' Liverpool resPectivel , to.morreriv morning, but I send this communicat on to Livec pool becauee'the Garrick is expected arrive the first in NeW York. , ' ... The present packet will take 3ut the amount of a very considerable and indeed almost e traordiciary advance in the character find value of he shares of ~ • the Bank of the United Statesand in all the State 'securities of every: kind: This has beer.' caused principally bp the coati/listing of anothe loan, whirl) Mr. Jaudon has-taken from thollessrs ; Rothschild. the particulars of which •must be considered as em inently favorable to the Bank pf the United States. The amount cif the Loan is £300,000 serime: the e interest 6 percent.; the bends te be red merkin two and three years from 'the month of 0 tuber : lan., the contract price 92, and the subscri itonit to be paiil at the rate of 22 per, cent. at the • ime pf sub. scribing, 35 per cent. ou the 15th of J miry. and 35 per cent. on the 15th of. February ne t. 17he se curity given to the Messrs. Rothschil consist 43! $5,000,000 of State bonds, bting 91-'klo. 00 of3Fenn sylvania, $1,500,000 of Miliiissipo,ll .500.000. of JI Michigan, $250,000 of Illinois, and 0,000-Pf In dian, ~ stocks. .. One material circumstanceiwhieli is ot mention.' ed in any of the London journals wnic hale given versions alibis transaction; lie,. that e Messrs. ; Rothschild have announced their inten ion to :take as money for subscriptions, lase post otes , of the Bank of the'Enited Stites which fall du on the first of January next; a circumstance whi h may be considered as important. Glace those ea italirms and their friends and connexions must be imposed to have very greatconfidence in the ins ' iitioitif, in' addition to,a debt 0f.e900.000, they a+ willing to receive, if offered, the still 'farther liabilities of the Bank. The whole of the arrangement for this loan is very advantageous Joi,the Bank of 1 the United States—fur, the money .is to, be held for the long term of two and three ye a r s—the Interest 016 per pent. is comparatively Small, whilst A 5.000,000 lif State stocks-are removed from the merketoanif will bo dormant during a long term—thus releiving the London markets of that considerable amount; unless the agency:here thinks proper -to releat4s the stocks in the • interim—a right which has been very pru. 1 dently reserved—whilst the irate of thein by the con ' 1 ts ,,,•.;:nrs for the loan - has been equally prudently de barred. The advantages orthe whole arrangement are clparly.tberelnx. of a very exteesive description. - and eminently tending to.sopport and strengilick the credit, not of the Bank alone, howl the securi.r ties of the whole of the -United States. :' The improvement in the isale of stocks has been very considerable during ydsterday and the present day—the, - shares of the U. States Bank 'Commanding a ready nisrkei a. XIS 108.; andlor one small par cel of; 20 certificates £l9 Were paid last night. to the Slateiriecorit tea the lateit transaction . * of today were !$20,•000 or Ohio at the improved quntstion of 89; Hwy York at 85; Indiana at 69i and;7o foet on. sidertble amounts; Mary hod stdiling, 756 ex. div. on 78 with the dividend ; Louisiana (Berms) 89 ';'- Mississippi 82 inconsiderable sums. ' United States Bank debentures are 1} prem.. aim for Illinois stock 80 has been offerred this aliernoun. but entirety refused. .1: may. indeed, be-remarked that Of whole state of the market for American se curities has been.chlinged I in - a very ,remarkible manner within the last Mw I days—for fiom the pro found gloom in which every description ot stock was so recently involved; the UpitedStates may be laid to he almost in the ascendant in this quarter cif the worlpl. ' .. t '' , - . . Now that al! difficulties have vanished and'anoth er course of prosperity lies open to the United States, it might not be forgotten hew powerfully-the rearms al of so many troubles, lois been the, result of the judgement, skill, and very conciliatory character and , measures of lllr., tr •Jaitoo. fly his talents and' addresses, this gentleman has gained at iintaaminon I influence with the principle Hebrews and other cap. italists of London, many of whom in the late trans actions have expresaed, tool own keowledgei their double . willingneseto be of r service to Ilia Baca, ill; consequence' of attachment to the man. COntrairy, to the opinions of many persons here. and the opinions which will be found in sonar of the, London journals Which ten present peke% Ship will tate out, I take the liberty of thinking that the! present tranquility of the money market will. riot • lasi, longitnd that - the Bank pi' England. in the Spring of the ensuing year, will csurrounded with diffi culties greater than at any former time.. . One very eminent capita ist in Lombard street en-, deaviired to dissuade Mr. Jaudon from accepting. the, present loan -from the M essrs.' I Rothschild., on the ground that the foithco ing abundance of mon ey would enable that-gentleman to arse the money at a lower rate in the course - of a fear weeks: - But ' I am disposed to feel assu t til diet Mr. !ander& his very wisely secured them ey in time.l , The .Loodon markets are all stagnant.' . and ar e expected aci to rernalp- untd the commencement or , I ' .alo : caming year. . ~ • I • I- • , i Correspondence of the nutter tdt. Enquirer. i , • 'P s. Demorther 15,1839. . . / 1 1- I • : my. last uwill have infurined You ea - the arrest of sedertil individuals ehargerVwith tr sonable prac. liepii• Same of them svitli twin engaged in a con. spiracy 'to place 'Prince 'Loin -Napoleon •en - the French throne; others with hay ng alrelKaminuni.. lion nr warlike.projectiles in their p austssion., Three of the persons.'so taken ,in cutitol are moreover . said to be those who contr ved end' xploded the In crfernal Machine in the Ru Montpenster. ' ' The most remarkable permit arested are the' Marquis de Crony Chanel and M. Durand:, The 1 former was. aa you,ste .aware, a 'ch mberlsin °fart • EMPeror NapoleorY, and afterwards bircamea slatinch adherent to Prince Pulignac ; . Ho 'Proposed to Don Francisco de' Paolo,' some Years, :IWO, to:make hint Emperor of Mexico. Hia;name next came before the public under either uaOirtennte circumstances namely ennnected with:a , reap beetled /refine the authorities on a charge o tittirink ;forged notes.-? ' We now find hint involve d in iii i wnsptracy .to over throw the Government" Snei a] correspondence .with PrincirLouie r Hapialeon 11MaParte. , ,- I' say we find hide to men mstancel,binnitise that 4.6oo'doeu.' meets found at' his resit nee, I ,itre said to contain proof of hie gnilt, and Among were 20 or 25. :letters-from 'that Prince. I '!!here ere also 'seised, which looks somewhatd. l cbpi of his own in 7 reply, or to which. those 0 'Pr - ce Loris were ape. livered. ~ . , ' , • . '' , The Martinis his =devote iral examination' -and has chand his tone' andlmanner in essential ,particulars. From hash; been- ahitmed at first; he now deports hismalfsrith dam/ear.' His papers am' laid, i osvertbden. to • promise', him - , gravely ' slimming him to balm espandence o only.-with Prince Louis Napoli:4c.* With the Republitians, ;-(tor the -(tor the thiee pattistertt Aield.txt heti staitively 1 '- offer ar EIS =I Z3lO MI AcO, Five II Tlireeltly by Benjamin Bannon, Pottsville, !kebailliill _ . muted a bond •91 union to - upset the present Gov. ernment.) with the Legitimation. That he is eom• crennsed, by his own letters or by papers found at his.aportments. is beyond question—but I may as well tell it out at once—he is .suspected of having gotten 'up the plot to have worried Prince Louis in• to, correspondence . with him, with a view to take` money. either - by denouncing the affair to the Gov. erninent, or by obtaining it from the other patties "to carry on the war." c' M. Duro:idle 'a man of some',capacity. He bee been the proprietor and editor of the French per. nal of Frankfort, in which "fora cocaideratinn," no . dolitit, be fought thick. and thin toriKuwria. Whiaat so working for the Autocrat, he took, money from King Whs. Phillipe for magnifying the diaturban cea that from tune to time took place in Paris and elsewhere in France—an order to awake for his Ma- jesty the sympathies of the Holy Affiance, and to qualify him to be.ruhniued. among whoin the King of, the Barricades would give his, tight arm. has also been au employer or an iotimate friend of. Count Mole. Since he (a few months ago) started in this city the newspaper called Le Capirok, he has been courting abuse or- prosecution.' He declares himself to be an , principle itussian—Anti.Englisb. Bonapartist and Republican—and certainly, as tar as the foulest language bestowed. on. Great Britain, and Aite.auxit fulisomn praise upon Reasua t (ttuth false. ly e x aggerated) could go—be, earned his money from the Russian Government. He also warmly espoused the cause of Prince Louis Napoleon—ind like. De Crouy Chanel. tt is said—forced himself into correspondei.ce with hiin. M. Durand is. therefore, believed to be like the. Marquis, playing a uiere in terested game. %' Should thosesespicions be borne out, the conspi• racy with whi4h these persons are connected, will I..se much of4ts importance; for" it will go far to. "wards shewirig that the alleged union of parties. is not real. Tliere remain. however. the original Re Pishiicans to alarm the Government and- the .King Theirs is a bona fide conspiracy, and they are more over. men not to be deterred froin the pursuit of their übjeci: by dangers of env . .kind. In this they differ so completely from the Legit imatista. who as a body. are thaArrantest . cowards that ever yet dreamed of politics. that it is quite impossible that any fusion of them ran talte place. - -The Bonapart ist* as a body. are unknOwn ; but a very laree por tion of thepoptlation adhere with desperate fidelity to their allegiance. or show in action,for the family of ."Ettiperoi..",and might be expected. to. join with hand and heatt,in an effort to place his nephew on the throne. Before quitting this subject, I shall observe that the trials of another score of the persons in custody,, charged with participation in the insurrection of 12th May last, are to come on before the conit of Peers early next month, coincidently, perhaps, with those of the chartists in'-England. You will find that the opinion is rather general in' England. that, because the Q..een is going to be married, none of the Chartists . will be executed. I am not sure that another cipsideiation may operate in their favor, and that is, the conduct Of the French governmen, in not..a.strictly, parallel—but oven a much worse case. I -mean that the insurgents of 12th Mae. just mentioned. In Paris scores of d - C4fB and soldier - a fell by the hands of the insurgents. In Newport two or three were wounded. but not one killed—yet the life of Hares. the - leader in the Paris revolt, who was convicted, moreover, of having shot the officer in command of the post at the Pal ate de Justice, and of Mullen, convicted of theinsur reason, and of the cold blooded murder of the dies ttogutshed Jew soldier, Janie, have been spared.— Depend upou it, these circumstances will not be.lett oat of view by the Chartists' CounseL Trade and commerce sill languish in France.— From i.yona we anticipated melancholy accirints hom the almost total surpension or orders from A merica to consequence of theembarrranmenui of the Bank of the Untied States. Those apprehensions have unfortunately been realized. Immense num bers of workmen are thrown out of employment. and want is. in consequence, so great and so gener al, that public and - private bonny are solicited for a very large portion of the, inhabitants of that great city. hi Paris, failures, bankruptcies and, maul vericiett, some of them for large amounts, are nearly as 'tumorous as at the commencement of the year 41edeitont and Italy are not in u secure state. The King of-Siirdine,_convinced of this fact, ts.very wise. ly about to make some concessions to "his peo;ite." His royal contemporary at the other extremity of the Peninsula is alarmed at the arrival of every , British steamer lest it bring hip brother to insurree tiOnise Naples and`Steili ; yet takes no proper meas. ore to allay the.sturoi Thrt,Pope has given offence to France by receiving-the Ujtke de Bordeaux. His Holiness has ample domestic matter to attend- to without looking into or meddling in foreign politics. Reports were spread through the agency Of the Aushurgh .;azette that a revolution had "broken out" tn• Russia ; but matters there are not yet ripe. The time is however not distant—or my interments deceive me-...there will be very serious movements in that empire. Poor Poland suffers from daily in creasing inflictions; but a jus. Providence, let us hope, watches over and willdeliver bee. Germany From the East. that is. Croat TaikeY and Egypt we, have intelligence to the 27th ult.; inclusive; but' nothing of the slightest importance had occurred 'since the date of our previous' accounts. There is no change in the restitution of Spain. . SATURDAY ItIORNM...7AN VARY 25. But the President's last quoted fact is imperfect or mistaken in another respect. -L„ - Ile would seem to represent that ,tweacy-two of- twenty-seven govern ments have systems of Finance, ideotical itil all their leading' fetuures with his. projected ilodependint Treasury. At least thils ii the idea Which Ithe mass ' .From the New Yorker. of readers will imbibe 116111 his assertion. Yet this f : is very far from the truth. Prunes entrusts her rev , ludepesideut thoughts on the *cone to the custody I . ) j public o ffi cers, bat. --anti - - • commercial and: ull of pecie las she is—slur does Independent Treasury. ' not exact the -collection and pAyment of her, revenue of. , r , Nearly four columns our list paper were devo- specifically in coin. Sat w ith Russia;—.o w i t h mos t ted to an ableand fOreitda argument from the'Pren- other countries. We desire. iherefore, .to ( place a dent of the United States in advocacy of.the . plan.of. nether fackin oppositivato %h it stated by the Presi- National Finance known as . `l the udePeadant er dent—via :at theamien plum overmments l adduced Sub-Treasury: We claim in tam a privilege to re- in evidence by , Inte, ,ii Would' be itapossibio to in view that argument, andtto‘dsvote less than half in stance three which—the common currency of their much space to an exhibition of some of the points several countries beingionyertible paper=yet forbid on whichour own earnest convictions are at viol- the receptioz. by their venue officers of that paper ance with those of she Federal Executive, and the' in payment of isposlAi d exact such, payment in. reasons on which they are based. - • kl Asti silver exclusi ety. il t i aid resp e ct, we b e . Tile first consideration addaced.by.the President lieve the proposition n earnestly urged upon the 'in favor of the 'lndependent Treasury' is its greater ArDetiCan People to utterly unprecedeoted, and safety. as compared with the Bank Deposit& 10 certain, tf successful, . prove oppressive sad din*. evidence of this , . testate& thit the losses of the Gov- trous in its operation. : ~ ‘. al , I ernment froai,the defalcations , of eofileAtini officers , . Whatis that pre . 'oat It is , in substance— since 1837 do not exceed sixty 'thousand dollars. , I. To u divorce" the, Government froM all con- To reduee the amount our low, he excepts the loss nezion with Banks, and keep its revenues exclu of more than's million of dollars by Sreartwout-0 lively.. And rigidly in,the hands of its ownlunction vuyserious exception—And even then, we believe a i m: ,, , i l L • j • ', his assertion lei boa mistaken one. It eertainly.eark- 11. To collect illegal ; enues : exclusive ], specik not cover that/very great senount Of losses by dehuil-' ally, in got, ands& ' coin anti keep the in such sing Receivers of Public Moneys for Leeds, Initial coin until their &dm men; , . I were exposed in 1837-38. Within the last year, tbe ' me s a two t oo p x dti n o ettee tit e te the il ti a a peo. _Cedlectors, at New Orleans and Plaitslturge. th e Post - dent Treasury,:' project . --the former, as is tinanswer theaters at Mobile and Worcester,,and several . Land' ably asserted by the P' • en't, et, no .possible avail Officenr)ind other iinstodians of Public Money have 't o efficacy w ithoi4 t attoL l ' These the ir eo pi e - o f the P seperseded .4—some on direct proof of einbeade. the United Statei are ow called tpiinctic i on'and es. meat; others on th e known ground of delinquency in aalta4 as the - *isn't air system a - . National Pi- PecaPiarY-Inidumi- - 4 must be that she President nine& TO sbese, pro - *tions'oto object, end, sines has not looked sharplyfor the peculation ~of the last wound It impossib le,, a thobnat apace to which we two years and a balf,.or be would has...found its 1.. an confined , to tra ail the ground taken in th e mount tar - lECCredin seq,cloo: : - ' • . - Message , we Will state! Awns Of our objec4ria more When it was remarked to Dr. Ftanklin in Europe briefly and directly, , le toile t te t : : '. ' :. la 'b l ithe climate of Amer i ca was not favorable to 161. , • We pldiet to thi Elitb-trtiiimi *ms; tip iitize gevity,, he replied *glide could not be determined. aurra-" .. as th e first generation were . not - all dead yet: •J. )2a very okapis* afraid iiiiiii lure to arty' lecks° 4 in °fled his Mtelgesi — tee 4 eireteeit asf, l o to #l4 ll fi . 1: ' ' ' 2' . - 1 ;,. , . s i t, 'al the hist=coigrOadivaibe country on the fa. :If Mr. Van Bureau y szal)tearttli beliivea 'that I at, and s ecurity with which the - Stour & W aka .. at taisebiefe and ' which! Ulolll'l6 hleirageat.: lecle4, - .kapt, tansferrid, ad - . paid over the tibial to thealgae& ! tual v Wiwi ef %alai; and I Pemsylvania. he Moneys without the - loss of a . dollar. All this was Very' true and very easy so long as • twen ty or thirty 'millions remained On thtr bank, but when .they were required to pay ever the utter most farthing the : ease was sadly altered. Without intending any impeachment of their general integrity . and solvency, we think it would be so with the Sub. Treasurers if they were subjected -to a similar re quisition. At any rate. T rail they are, the evidence adduced by the President; even if correct, is-far time being conclusive. • • • But.the President goes on to state that of the sustained by any class of agents, the greatest have been by Banks. This, if true, is on the'prin mile that white sheep eat more than black ones— theM being more of diem Throughout the far great er number of the years since our Federal : Govern .metit was formed, the Revenue has in great part been poi paid directly into De t o Banks, transferred. by Treasury dra ft s, and only paid out on the warrant of, thelreasuren How co Id . the collectors embezzle that which' they were not rmitttxl to touch I , There is no mystery, therefore. *. the , fact stated by the .President. thatfar more o oney has been lost by dui blueing than by collectin , officers; nor does it prOve a stiperior-morality in th- one class as competed with the other. The il . = o &sing officers often-have funds actually placed in .air h a nd s — generally i n stead sums, it is true, but till at their mercy—while , the collecting officers. and r a well regulated system of Bank Deposite, were 13 a perMiildi to handle a dollar, •the duties being •: id by the payers directly into Bank, to the credit o , t h e Government. This is not the case with the R -- ivers of Public Moneys for Lands, who actually • t . • k the money awl after-, wards deposited it in Ban at their own discretion. This fact, again. explains • by, when there were but few ofthe Collectors of 1: 36-7-Iwho proved defeat tera, a very large proportie o of the Receiceni did so. The fricility and the temp Lion aßerded to the latter was comparatively far grea r. The leering of those facts upon the proposition o place and continue the Public Moneys exclusive) in the hands of Public Officers, is obvious. What the President we on duty bonds," is not gives credit on certain im in some iostances, have pr bonds. This is bankruptc hood of defalcation. It m gainer granting credit, but against any plan of keel unless ° it 'show the utisafi OW. . The. President states. that twenry-two out of twen ty-seven foreign governments froth which authentic information has been obtain ed,-keep their public mon eysfi in charge of public o cers. I This is doubtless correct so far as it goes ; ut we Can add some addi tional facts, which will ma daily qualify it and shed some lighten the generals bject. p4ll In almost all foreign co ntries, >o ffi cers of honor and trust are conferred mai ly on the wealthy and il lustrious—those whose don and standing, apart from office, would seem render it morally imps foible that they should be y their trust. And 'yet peculation.is not unknow among them. To pre vent this, some of them— ranee, for instance—ex acta of her revenue officers the depftite by each of a • heavy sum of money wi h the Government, styled a o cautionnement."—Ttds money remains with the Government from tae day the ingenue officer en ters upon the possession o bl i his o f fi ce until he leaves it—the Government pay i g him a low interest there on. .Of course, none but he wealthy- can aspire to such postsa state of thi gs very unlike our own, and which would not be tolerated here. Similar expedients—often cumbr us, expensive end vexa tious7..are found necessar in other countries to . pre vent official peculatio one of which are even al luded to by the President .Now, compare these ; with : the .positive and no Arms , facts that through forty! years almost the en ire Regenues of our Gov ernment—amounting in he aggregate to nearly four hundred millions--were deposited in, kept by: and disbursed from. two su 'ye National Banks with out a farthing of expe or less to , the Nation, though transferred from any point where collected to any point where required to be paid—without trou ble; anxiety or insecurity—and ,Vre shall be 'partially prepared to estimate the value cif the 'lndependent Treasury as Al discovery or improvement in Fi nance. 1 ME L lERTIS R. • • t I I our Hands and subject all Nature to outage and pleasure...-Da Jonathon. 1 ,840. old int'r fpm: "the; losses I I ear. ile Government . ort dutiem , the importers, I , '•ad -unable to pay their ..; but it has no neighbor.: •y afford an argument a- I:; urely none either for or. , iog tire Public Money; newt of individual secu- V -1 1 ' V It =I a ME h , i, to the countentinctishown them 14 the Federal Gov ernment, are jnigly to attO4ted.bc' Ot*ht long since to have severed the imputat i on and -withdravin that countenance. He Might. as any i tine these two years, have directed Mr. Seettaty 'Wciodbury to is sue a Treasury Order. imporiing tin& itll payments to the Government shall henceforth beimade in Spe cie; and the. , Divorce" won 1 have be4n effected at a word. -Why has he not dneit '2 Why are the Bank notes and Bank check at this day received at the New York Custom : fan s', and at other Custom Houses and Land Offices, in psynienti to the. Go vernment! Why are even c.,, dollar Welts freely ta. ken at the New York and o th er Past Offices—in de fiance, if we mistake not, of .41 express! law of re Con :1)? giess 1 . Why does Sub-T Burr South Parolina.at this moment cherish and pam er bet' own impended Banks, and receive their itre, beatable dotes in pay ments to her Tteasury 1 W .dries ,fipb-Tressury New Hampshire-collect end' :itp her own revenues in Banks, and permit them to sane One'Dollar bills I Why does 'not Sub.Treasuri Missouri i. divorce " herself from . her own middlo-Smed' mumster,' - with which her Government appeati to be in ;mumsl close end kindly alliance I—These questions may be mul tiplied" abundantly. and they.ldeniand ,a.eandid an swer, They ate peitinent: to 'the matter. We in tend no impeachment of the sincetity end motives of those who differ from us on this en at question ; we only insist that,the, , ore hotly idiiig their hubby up. on ground where they would opt think of deliberate-. ly walking. d \ 11. Its effect on the Curnne l y and Productive In terests of the Country. '. • The President 'semi to..ps n:','-feiss over this view of the - question hastily and superficially. •He asserts that 'the danger of inconvenience to the public and unreasonable pressure open sound Banks has been greatly "exaggerated.' How r ! *Because, as he tells, us, there are eighty-five • Millions of Specie in the country, and the operation's of the , Governmei.t would require only four or five millions. .But this last Ossertion is refuted by tech knowo facts. By an official report from the Treasury Department, it was recently promulgated that the average amount of Public Money remaining in deposit or in the hands of public officers through the ten years prece ding 1835 was about Fifteen Millions. During these ten years, it will be rern4nbered; there existed a National Debt, which absorb 'il any available sur pluses fast at it accrued,, whi l e the Expenditures and financial operations gene ally of the Govern ; ment were on a scale far more limited than at pres ent.: There must at all times be large sums in the hands of Disbursing Officere, ;of ,tolleetors in the shape of disputed Duties, &c. Which are not regard. ed or reported as 'a portion Of ; the bilance in the Treasury. If the Independent,Treasery is not to be suffered to ripen immediately into' a great Govern- , meat Bank, there must be largekinins Of Public ?don ay eonstantly in transitu fromittai- points of collet.- don't° those of disbursement -tor course, adding by so much to the amount neceelarily kept on. hanu. If the experience of the past‘e of any worth, then the *Mount of Specie regularly{ and certainly absorb ed by the action of the Government cannot be less than Ten Millions of Dollars. In 'other words, this amount of specie must be substractedlby tbe opera tion of the Independent Treasury 'from the purpopes which it has hitherto rebserved of austaining , the Credit, and hereby atimulatinglthe Industry and.Peo duation of the Country, and kicked up• in the Gov ernment veults and safes where it. will be practical ly ef'no core utility than granite - , _ The _tendency of pis absorption, to weaken and then violently con ,trait the Currency, to depressrprices,; discourage in dustry, and produce bankruptcy and Safferieg, need , not be urged. ; 1 • .1 But this, after all, is but .0. smgle itern. The inev itable influences of a rejection or prawns:ion, of: the redeemable paper of our aolvent Bimini, must be far mere potent than this. Let the ;independent Treas. Ink ' be once fully established; and wi,,shall have the cevemment at every point, thiough its thirteen thou-, pud Custom-Houses, Lan d Offices, Pest Offices, &c. tting the stamp of insolvency, fraud', or at least in cinerate distrust and dislike, Upon every dollar of . Pa- Or Currency in the country. , The pod Banks with the bad, the sound with the unsound, the sternly up right with theieckless or dishonest, are all involved in the general condemnation.—Their paper is to be in exerably rejected by the Govenunent; and why 1 Most surely, for reasons which, if, valid as respects :14 action of the Federal Government,' i are equally po.', tent with, respect_ to the State Governments„; and not these 'only, butindividuals. 'lf the cafe is wady stated by the President, then not the Government alone but the People ought to reject and condn the notes or 1 I Banks.. And, if they sustain the vieWe of the Presi dent, they will do it. Possibly for a lime the greater numberwonhi be -resigned to running front Bank to Bank. picking up Specie to pay their Puties, their purchases of Public Lands, ; their Patents, and their Postages. Bu titwould notitonld not, be ever thus. Men would gnaw tired of being sent .home from the I Land. Office or Post Office eiriptybanded, becatuie they I did not happen to have the iiun requtred of then in 1 Specie. Btu:a:notes, stripped by an act of Govern ment of the essential character of. Money, would cease to circulate or be regarded aisuch. , The first thought of a neteholdzi would be—How shall I convert these rags into money arch can be usedinto coin ! Here is one inevitable tendency atilt, Bub-Treastuy system which the President i has enthelys disregarded. But the People cannot and must not disregard it. ,Neither must thei disregard the tainseqoences of col Sleeting Fifteen. or Twenty Millions per annum in this j City in coin, and dbdmrsini it in Florida, in , ttia Par 'West, on the North-Easteri„fmntier,l &C. This is a consideration which must and