The journal. (Huntingdon, Pa.) 1839-1843, December 15, 1841, Image 2
pire, that it is hoped that the unequivocal thy last session, which act is declared to tokens of the same spirit towards us, be inoperative the moment the duties are which an adjiistment of the affairs refer- increased beyond 20 per cent., the max red to would au' d, will be given without imum rate established by the Compromise further avoidable delay. act. Some of the provisions of the Com- The war with the Indian tribes on the promise act, which will go into effect on, peninsula of Florida has. during the last the 30th day of June next, may however, summer and fall, been prosecuted with be found exceedingly inconvenient in' untiring activity and zeal. A suini»er practice, under any regulations that Con-' campaign was resolved upon as the best gress may adopt. 1 refer more particu is ode of bringing it to a close. Our brave larly to that !elating to the home valua ,dficers and men who have been engaged firm. A difference in value of the same , hat service have suffered toils and pri- article to semi extent, will necessarily lions and exhibited an energy which, exist at different ports,—but that is alto n any other war would have won for them gether insignificant, when compared with unfaili.g laurels. In despite of the sick- I the conflicts in valuation, whicn are like-1 • , . , •ss incident to the climate, they have ly to arise, from the dill , rences of opinion p.tietrated the fastness of the Indians, among the numerous appraisers of iner broken up their encampments, and heir chandize. In many instances the esti eassed them unceasingly. Numbers have mates of value must be conjectural, and been captured, and still greater numb , rs thus as many different rates of value may, have surrendered and have been trans be established as there are appraisers. parted in join their brethren on the lands these differences in valuation may also elsewhere alloted to then by the Govern ne increased by the inclination, which, ment, and a strong, hope is entertained without the slightest imputation on their That under the conduct of the gallant of- honesty, may arise on the part of the ape ficer at the head of the troops in Florida praisers in favor of their respective ports that troublesome and expensive war is of entry. I recommend this whole sub• destined to a speedy tesmination. With ject to the consideration of Congress, all the other Indian tribes we are enjoying with a single additional remark. Cer-, the blessing of peace. Our duty, as well tainty arid permanency in any system of, as our best interests prompt us to observe governmental policy are in all respects, in all our intercourse with them, fidelity eminently desirable; but more particular in fulfilling our engagements, the prac- ly is this true in all that affects trade and rice of strict justice, as well as the con- commerce, the operations of which de stant exercise of acts of benevolence and pond much more on the certainty of their kindness, These are the great instru- returs, and calculations which embrace ments of civilization, and through the use distant periods of time, than on high boon of them alone can the untutored child of ties or duties, which are liable to con the forest be induced to listen to its teach slant fluctuations. inns_ The Secretary of State, on whom the acts of Congress have devolved the duty of directing the proceedings for the taking of the Sixth Census, or enumeration of the inhabitants of the United States, will report to the two Houses the progress of that work. The enumeration of persons has been completed, and exhibits a grand total of 17,069,453—making an increase over the Census, of 1830, of 4,202,646 inhabitants. and showing a gain in a ratio exceeding 32i per cent. for the last 10 years. From the report of thr Secretary of the Treasury, you will be informed of the con dition of the finances. The balance in the Treasnry on the lot of January last, as stated in the report of the Secretary of the Treasury, submitted to Congress, at the Extra Session, was $987.345 03. The receipts into the Treasury, during the first three quarters of this year from all sour ces, amount to $ ' .:3,467.072 52. This estimated receipts for the tourth quarter, amount to $6,943,095 25, amounting to $30,410,167 77; and making with the balance in the Treasury on the first of Jan last $31,597,512 80. The expenditures for the first three quarters of this year amount to $24,734,346 97. The expen ditures for the tourth quarter as estima ted, will amount to $7 290,723 73—thus making a total of $32,025,070 TO; and leaving a deficit to be provided for, on the first ol January next, of about $627, 557 90. On the loan of $12,000,000, which was authorized by Congress at its last session only $5,432,725 88 have been negotia ted. The shortness of time which it had' to run, has presented no inconsiderable impediment in the way of its being taken by capitalists at home, while the same cause would have operated with much greater force in the foreign market. For that reason the foreign market has not been resorted to; and it is now submitted whether it would not be advisable to a mend the law by making what remains undisposed of, payable at a more distant day. Should it be necessary. in any view that Congress may take of the subject. to revise the existing tariff of duties, I beg leave to say, that in the perforinance of that most delicate operation, moderate counsels would seem to be the wisest. The government, under which it is our happiness to live, owes its existence to the spirit of compromise which pre veiled a mong its framers--jarring and discordant oppinions could only have been reconcis led by that noble spirit of patriotism. which prompted reconciliation and resul ted in harmony. In the same spirit the compromise bill, as it is commonly called was adopted at the session of 1853. /1 bile the people of no portion of the U nion will ever hesitate to pay all neces sary taxes for the support of Government yet an innate repugnance exists, to the imposition of brirthens not really necessa ry for that object. In imposing duties, however, for the purpose of revenue, a right to discriminate as to the articles on which the duty shall be laid, as well as the amount, necessarily and most prop erly exists. Otherwise the Government would be placed in the condition of hav• ing to levy the same duties upon all arti cles, the productive as well as the unpro ductive. The slightest duty upon some, might have the effect of causing their int portation to cease, whereas others enter. ins extensively into the consumption ol the country, might bear the heaviest with out any sensible diminution in the amount imported. So also the Government may be justified in so discriminating, by ref erence to other considerations of domes tic policy connected with our manufac tures. :5o long as the duties shall be laid with distinct reference to the wants of the Treasury, no well founded objecs tion can exist against them. It might be esteemed desirable that no such augmentation of taxes should take place as would have the effect of annul- Its; 0 , 0 land proceeds distribution act of At your late session I invited your at. tendon to the condition of the currency and exchanges, and urged the necessity of adopting such measures as were consis tent with the constitutional competency of the government, in order to corret the unsoundness of the one, and as far as practicable the inequalities of the other. No country can he in the enjoyment of its lull measure of prosperity, without the presence of a medium of exchange, ap proximating to uniformity of value. What is necessary as between the different na tions of the earth, is also important as be tween the inhabitants of different parts of the same country; with the first the precious metals constitute the chief medi em of circulation, and such also would be the case as to the last, but for inven• dons comparatively modern, which have furnished, in place of gold and silver, a paper circulation. 1 do not propose to ent..r into a comparative analysis of they mei its of the two systems. Such belong more properly to the period of introdues tion of the paper system. The specula• tive philosopher might find inducements to prosecute the inquiry, but his research es could only lead him to conclude, that the paper system had probably better nev er have been introduced, and that society might have been much happier without it. The practical statesman has a very dif ferent task to pulorm. fie has to look thingsat as they are—to take them as he finds t hem—to supply deficiencies, and to prune excesses as far as in him lies. The task of furnishing a corrective lot derangements of the paper medium with us, is almost inexpressibly great. The power exerted by the States to charter banking corporations, and which, having been carried to a great excess, has filled the country with, in most of the States, an irredeemable paper medium, is an evil which, in some way or other, requires a corrective. The rates at which bills of exchange are negotiated between different parts of the country, furnish an index of the value of the the local substitute for gold and silver, which is, in many parts, S 3 far depreciated, as not to be received, except at a large discount, in payments of debts, or in the purchase of produce. It could earnestly be desired that every bank, not possessing the means of resnmp tion, should follow the example of the U. States Bank of Pennsylvania, and go in to liquidation, rather than by refusing to do so to continue embarrassments in the say of solvent institutions, thereby auk ineuting the difficulties incident to the present condition of things. Whether this government, with due regard to the rights of the States, has any power to con srtain the banks, either to resume specie i payments, or to force them into liquids .ion. is an inquiry which will not fail to claim your consideration. In view of the great advantages which are allowed the corporations, not among the least of which is the authority contained in most of their charters to make loans to three times the, atnount of their capital, thereby often de riving three times as much interest on the same amnunt of loony as any individual is permitted by law to receive, no suffi cient appology can be urged for a long con iinued suspension of specie payments. Such suspension is productive of the great est detriment to the public by expelling from circulation the precious metals, and ,seriously hazarding the success of any effort this government can make to in crease commercial facilities, and to ad vance the public interests. This is the more to be regretted, and the indispensable necessity for a sound , currency becomes the more manifest, when we reflect on the vast amount of the internal commerce of the country. Of this we have no statistics, nor just data for forming adequate opinions. But there can be no doubt, but that the amount l of transportation coastwise, by sea, and I the transportation inland by railroads and canals, and by steamboats and other modes of conveyance, over the surface of our vast rivers and immense lakes, and the value of roperty carried and tnterchang-, ed by these means, form a general aggre gate, to which the foreign commerce of the country, large as it is, makes but a distant approach. In the absence of any controlling pow ,er over this subject, which by forcing a general resumption of specie payments would at once have the effect of restoring a sound medium of exchange, and would leave to the country but little to desire; what measure of relief, falling with the limits of our constitutional competency, does it become this government to adopt 7 It was my painful duty at your last ses sion, under the weight of solent obliga.. tions, to differ with Congress on the measures preposed fur my approval, aid which it doubtless regarded as correc tive of existing evils. Subsequent reflec tion and events since occurring, have only served to confirm me in the opinions then entertained, and frankly expressed. I must be permitted to add, that no scheme of governmental policy, unaided by individual exertions, can be available for ameliorating the present condition of things. Commercial modes of exchange and a good currency, are but the neces.. sru•y means of commerce and intercourse not the direct productive sources of wealth. Wealth can only be accumula ted by the earnings of industry and the savings of frugality; and nothing can be more ill judged than to look to facilities in borrowing, or to a redundant circula tion, for the power of discharging pecu niary obligations. The country is full of resources and the people full of energy, and the great and permanent remedy for present embarrassments, must be sought in industry. economy, the observance of good faith, and the favorable influence of time. In pursuance of a pledge given to you , in my last message to Congress, which pledge I urge as An apology for adventu ring to present you the details of any plan the Secretary of the Treasury will be ready to subunit to you, should you re quire it. a plan of Finance, which while it throws around the public treasure rea sonable guards for its protection, and rests on powers acknowledged in prac tice to exist from the origon of the Gov ernment, will, at the same time, furnish to the country a sound paper medium, and afford all reasonable facilities for re gulating the Exchanges. When submit ted, yon will perceive in it a plan amen datory of the existing laws in relation to the Treasury Department—subordinate in id; respects to the will of Congress di. rectly, and the will of the people indi. rectly—self sustaining, should it be found in practice to realize its promises in then• ry, and repealable at the pleasure of Con gress. It proposes by effectual restraints and by invoking the true spirit of our in stitutions, to separate the purse from the sword; or more properly to speak, denies any other control to the President over the agents who may be selected to carry it into execution, btit what may be indis pensably necessary to secure the fidelity of such agents; and by wise regulations, keeps plainly apart from each other, pri vate and public funds. It contemplates the establishment rot a Board of Control, at the Seat of Government, with agencies at prominent commercial points, or wherever else Congress shall cl;rect, for the safe keeping and disbursement of the the public moneys• and a substitution, at the option of the public creditor, of 'Frees ury notes, in lieu of gold and silver. It proposes to limit the issues to an amount not to exceed 515,000,00—without the express sanction of the Legislative pow er. It also authorizes the receipt of in dividual deposits of gold and silver to a limited amount and the granting certifi cates of deposit, divided into such sums as may be called for by the depositors.— It proceeds a step further, and authori zes the purchase and sale of Domestic Bills and Drafts resting on a real and sub stantial basis, payable at sight, or having' but a short time to run, and draw on pla• ces not less than one hundred miles a part- —which authority, except in so far as' may be necessary for government purpo ses exclusively, is only to be exerted upon the express condition, that its exercise shall not be prohibited by the State in which the agency is situated. In order to cover the expenses inc, dent to the plan, it will be authorized to receive moderate premiums for certiti• cates issued on deposits, and on bills bought and sold, and thus, as far as its dealings extend, to furnish facilities to commercial intercourse at the lowest pos sible rates, and to subduct from the earn ings of industry the least possible sum. It uses the State Ranks at a distance from the agencies as auxiliaries, without im parting any power to trade in its name. It is subjected to such guards and re straints as have appeared to be necessary. It is the creature of law, and exists only at the pleasure of the legislature. It is made to rest on actual specie basis, in order to redeem the notes at the places of issue— produces no dangerous redundancy of circulation—affords no temptation to the speculation--is attend ed by no inflation of prices—is equal in ' its operation—makes the Treasury Notes, which it may use along with the certifi cates of deposit and the notes of specie paying banks, convertible at the place where collected, receivable in payment of Government dues—and, without violat ing any principles of the Constitution, af fords the Government and the people such facilities as are called for by the wants of both. Sut.h, it has appeared to roe, are its recommendations, and in view of them, it will be submitted, whenever you may ) , require it, to your consideration. I am not able to perceive that any fair will not fail to have the means, at no very and candid objection can be urged againstdistant day, to redeem their obligations to the plan, the principal outlines of which l the uttermost farthing ; nun will 1 daub, have thus presented . I cannot doubt bat but that in view of that honorable conduct that the notes which it proposes to tur• which has evermore governed the States nish, at the voluntary sption of the public and the people of this Union, they will 1 creditor, issued in lieu of the revenue and each and all resort to every legitimate its certificate of deposit, will be maintain expedient, before they will forego a faith ed at an equality with gold and silver ev• tut compliance with their obligatiuns. erywhere. They are redeemable in gold Front the report of the :secretary of and silver on demand at the places of is- War, and other reports accompanying it, sue. They are receivable everywhere in you will be informed of the prowess , payment of government dues. the Trea- which has been made to the fortifications sury notes are limited to an amount of designed for the protection of our prince one fourth less than the estimated annual pal cities, roadsteads, and inland frontier, receipts of the Treasury—and in addi during the present year; together with tion they rest upon the faith of the Govern- their true state and condition. They will ment fir their redemption. It all these be prosecuted to completion with all the assurances are not sufficient to make them expedition which the means placed by available, then the idea, as it seems to me, Congress at the disposal of the Executive of furnishing a sound paper medium of will allow. exchanges may be entirely abandoned. I recommend particularly to your con. If a fear be indulged that the Gevern• sideratiun that portion of the Secretary's, ment may be tempted to run into excess report which proposes the establishment in its issues, at any future day, it seems of a chain of military posts from Council to me that no such apprehension can rea. Bluffs to some point of the Pacillic Ocean, sonably be entered, until all confidence within our limits. the benefit thereby in the representatives of the States and of destined to accrue to our citizens engag the people, as well as of the people them- ed in the fur trade, over that wilderness selves, shall be lost. The weightiest region, added to the importance of culti considerations of policy require that the letting iriendly relations with savage restraint now proposed to be thrown a- tribes inhabiting it, and at the same time round the measure, should not, for light ofgiving protection to our frontier settle causes, be removed. To argue against meats, and of cstablising the means of any proposed plan, its liability to possi• safe intercourse between the American ble abuse, is to r ej ec t every expedient, settlements at the mouth of the Columbia since every thing dependent on human lie- river, and those on this side of the Rocky tion is liable to abuse. Fifteen million of mountains, would seem to suggest the im portance of carrying into effect the res Treasury notes may be issued as the max imam, 'limn this head with as imum, but a discretionary power is to be lit given to the Board of Control, under that the delay as practicable. sum, and every consideration will unite • I' he report of the Secretary of the Na in leading them to feel their way with vy will place you in the possession of the present contlitioa of that important arm caution. For the eight first years of the existence of the late Bank of the United o f t h e ma n.; d efence. Every effort will be made to add to its efficiency, and States, its circulation barely exceeded I cannot too strongly urge upon your 1ib 54,000,000 ; and for five of its more pros perous years, it was about equal to * l6 , - eral aaropriatione to that branch of the 000,000; furthermore the authority given public service. Inducements of the to receive private deposites to a limited weightiest character exist for the adop amount, and to issue certificates in such tion of this course of policy. Our ex sums as may be called for the depositors, tended and otherwise exposed mistime frontier calls for protection, to the fur may so far fill up the channels of circula malting of which au efficient naval force tion as greatly to diminish the necessity of any considerable issue of Treasury notes. is indispensable. We look to no foreign A restraint upon the amount of private ' conquests, nor do we propose to enter in ' deposites, has seemed to be indispensably to competition with any other hation for necessary, from an apprehension thought the supremacy on the ocean—but it is to be well founded, that in any emergen- due not only to the honor, but to the se cy of trade, confidence might be so far curity of the people of the Untied States, shaken in the banks as to induce a with drawal from them of private deposites, that no nation should be permitted to in vade our waters at pleasure, and subject with a view to insure their unquestiona. Isle safety when deposited with the Gov- our towns and villages to conflagration or pillage. Economy in all branches of the ernment, which might prove eminently üblic service, is due from all the public disastrous to the State Banks. Is it ob ne will suggest the withholding the y agents to the people—but parsimony e jected that it is proposed to authorize the lo ne agencies to deal in Bills of Exchange ? It cessar _ means for the protectisn of our is answered, that such dealings are to be firesides from invasion and our national carried on at the lowest possible premium honor from disgrace. I would most earn —are made to rest on an unquestionably estly recommend to Congress to abstain sound basis—are designed to reimburse - from all appropriations for objects not ale merely the expenses which would other solutely necessary; but I take upon my wise devolve upon the Treasury, and are in strict subordination to the decision of self, without a moment of hesitancy, all the responsibility of recommending the in the Supreme Court, in the case, of the crease and prompt equipment of that gal- Bank of Augusta against Earle, and oth- hunt Navy which has lighted up every sea er reported cases; and thereby avoids all conflict with the State jurisdiction, which with its victories, & spread an imperisha ble glory over the country, I hold to be indispensably requisite. It The report of the Postmaster General leaves the banking privileges of the States - will claim your particular attention, not without interference—looks to the 'free only because of the valuable suggestions sury and the Union.—and, while furnish ing every facility to the first, is careful which it contains, but because of the great importance which at all times attaches to of the interest of the last. But above all, that ,it is created by law, is amendable by law, interesting branch of the public ser vice. The increased expenses of trans- I and is repealable by law ; and wedded as y, but looking solely /amto no them. porting the mail along the principal ma to necessarily claims the public attention, the advancement of the public goon, 1 and has awakened a corresponding solic shall he amongst the very first to urge its itude on the part of the government. The repeal, if it be found not to subserve the transmition of the mail must keep pace Purposes and objects for which it may be with those facilities of intercommunica created. Nor will the plan be submitted lion which are every day becoming great• in any overweening confidence in the suf er through the building of rail roads, anti ticiency of my own judgment, but with much greater reliance on the wisdom and the application of the strain power—but it cannot be disg uised that, in order to do patriotism of Congress. I cannot aban- so, the Post Of fice department is subjec don this subject without urging upon you, ted to heavy exactions. The lines of cum in the most emphatic manner, whatever munication between distant parts of the may be your actions on the suggestions which I have felt it to be toy duty to sub Union, are to a great extent, '2ccupied by rail roads, which, in the nature of things, mit, to relieve the Chief Executive Magic possess a complete monopoly, and the lie trate by any and all constitutional means, partment is therefore liable to heavy and from a controlling power over the public unreasonable charges. The evil is des- Treasury. tined to a great increase in future, and lf, in the plan proposed, you should some timely measure may become necea deem it worthy of your consideration, sary to guard against it. that separation is not as complete as sou i feel it my duty to bring under your may desire, you will, doubtless, amend it consideration a practice which has grown in that particular. For myself, I disclaim up in the administration of the govern- , all desire to have any control over the ment, and which I am deeply convinced public mimes s, other than what is indis- ought to be corrected. I allude to the ex pensably necessary to execute the laws crease of the power which usage rather which you may pass. than reason has vested in thsteresident, Nor can I tail to avert, in this cornice- of removing incumbent , . from office in or lion, to the deb s which many of the States der to substitute others more in favor of the Union have contracted abroad anti tin with the doininent party. My own con der which they continue to labor. That iti duct, in this respect has been governed debtedness amounts to a sum not less than by a conscieutious purpose to exercise the €1200,000,000, and which has been retri- removing power onls , in causes of un-1 buted to them, for the most part, in works faithfulness or inability or in those in' of internal improvement, which are des- which its exercise appeared necessary. tined to prove of vast importance in ul• In order to discoustenance and suppress, timately advancing their prosperity and that spirit of active partnership on the wealth. Fur the debts thus contracted, part of the holders of office, which not the States are alone responsible. I eau only withdrav s them from the steady and do no more than express the belief that impartial discharge of their official duties each State will feel itself bound by ever, but exerts undue and iiijo-moos itifluence consideration of honor, as well as of in- over elections, and degreiles the charace terest, to meet its engagements with punts ter of the government ity.ell, inasmuch as tuality. The failure, however, of any one it exhibits the Chief Msgistrate as i. mg State to do so, should in no degree affect a party; through his agents, in the ~,,,i the credit of the rest; and the foreign cap- photo or open work of pol,is.al prase. italist will have no just cause to expert- In respect t the exercise of tins power, mace alarm as to all other State stocks, nothing should be left to discretion which because any or snore of the States may inay be safely regulated by law; and it is neglect to provide with punctuality the of high importance to restrain as far as means of redeeming their engagements. possible the stimulus of personal interests Even such States, should there be any, in public elections. Considering the !considering the great rapidity with which great increase which has been made in their resources are developing themselves public offices in the last quarter of a eau • entury, and the probability of farther in crease, we incur the hazard of witnessing violent politi.ll contests directed too of ten to the single object of retaining office tiv those who are in, or obtaining it by those who are out. Under the influence of these convictions, I shall cordially con cur in any constitutional measures for re. gulating, and by reg ulating restraining the power of removal. . . I suggest for your consideration. the 'propriety of making, without further de lay, some specific application of the funds derived under the will of Mr Smithson, of England, for the diffusion of knowledge; and which have heretofore, been vested in public stocks, until such time as Congress should think proper to give them a specific direction. Nor sill you I feel confident, permit any abatement of the principal of the legacy to be made, should it turn out ihat the stocks, in which the investments have been made have undergone a depre ciation. In conclusion, I commend to your care the interests of this District, kir which you are the exclusive legislators. Con sidering that this city is the residence of the governm,nt, and fur a large part of the year of Congress, and considering, al so, the great cost of the Public Buildings, and the propriety of affording them at all times careful protection, it seems not un reasonable that Congress should contri bute towards the expense of an efficient police. JOHN TYLER. WASHINGTON, Decenter 7, 1841. Proclamation. WHEREAS by Precept to me direc. ted by the Judges of Common Pleas of the county of Huntingdon bear ing test the 15th day of Novem. A. D. 1841, lam commanded to make Public Proclamation throughout my whole baili wick that a court of Common Pleas will be held at the court house, in the borough of Huntingdon, in the county of Hunt ingdon, on the third Monday and 17th of January, A. D. 1841, for the trial of all issues in said court which remain un determined before the said Judges when and where all Jurors, Witnesses and sui tors inihe trial of all said issues are re quired to attend. Dated at Huntingdon the 15th day of Nov. A. D. one thousand eight hun dred and forty-one, and the 65th year of American Independence. JOHN SHAVER, Sherif. Sheriff's office Hunting- / don, Dee. 10th 1841. a DMIXIS TR.ITO R 7 S Netitt. q ETTERS of Administration upon the QM estate of Henry L. M'Connell Esq.. formerly of Huntingdon Huntingdon county. deceased, have been granted to the subscri ber. All persons therefore indebted to the estate are requested to make immediate pay ment,on r before the 10th of January next and all having claims to present them duly attested, to DAVID SNARE, Adm'r , Huntingdon, Dcc. 1,1841. !NI attire. To the heirs of Jonas Steel late of Hun •ingdon county Pennsylvania, deceased. or !heir alienees, notice is hereby given: That in pursuance of a writ or order is sued by the Orphans Court of said county .n inquest will be held on the premises on Thursday the sixteenth of Dec. 1841 to , :art and divide among the heirs of said de ceased or their alienees, or to value and ap .iraise the real estate of said deceased eon .isting of a tract of land situate in West ownship in said county bounded by John John Wolfkill and land claimed iy John Steel and others, containing 90 acres more or less about 12 of which are cleared. JOHN SHAVER, Sh'ff. Huntingdon Nov 23. 1841. ORPHANS' COURT SALE. RN' pursuance of an order of the Or li_ phans' Court of Huntingdon county. .111 be exposed to public sale, on the pre. raises, on Thursday, the 30th day of De cember next, at one o'clock in the after noon, the following described TI lACT col? situate in Hopewell township, Hunting• don county, on the waters of the ►own branch of the Juniata, adjoining land of James Entrekin. Esq. on the west. Jacob Hess on the south, lands formerly owned by Michael and Peter Keith on the east and north, containing 100 Acres, nearly all of which is improved and cul tivated, with two houses and a stable thereon erected, with the appurtenances, late the estate of John Graffius, dec'd. Terms of Sale.—One third of the pur. chase money to be paid on the confirma tion of the sale, one third in one year thereafter, with interest, and the remain ing one third to remain in the hands of the purchaser during the life of the widow, he paying to her annually and regulatly, du. ring her natural life, the interest thereof, mid the principal to the heirs of the de ...eased, at the death of the widow ; all to he secured by the bond and mortgage et the purchaser. HENRY BEAVER. t Ad DANIEL AFRICA, S ' By the Coital. • • JCIII.I REED, Clerk. Nov. 24, 1841.