VOL SXVHL HO 22
EDITOR AP JBOritlETOE.
"". i'KltMS. - ;
CaiicilfTli'i per annem one
8 . ,, .j...... SuBSsrikertiaerAeeStaiei
! r.n.eibealUv wrmwlrrerilorei'
i l wertoiiTwweMHittbie-
Si who.msf deairele become subscribers,
-will i'trilly required I" the whole -
iDuat triM year's ienpiion in iiihhm.
AMHiiTJirt,MeiltPJftefVi fine.
inserted three ne ir one tiunar, nanw
l.Sve eeitlt lr each eontinuanee. .
Littki 10 the Editor moil be pott paid
BROWN & SNOW,
n.tr e just iiECEiyj:D,
iJmm 'amtr fine, f Hack It While Hatvcs Hati,
ri)(hin( only lour eunaea. AIo, I'm it -trim
med fitTTV Hat.
lt:leih, M? . 19 If
TAINTS, OILS,. Ac.
The eubaeribere hare jt rrenreil from the
Norlh. lull supply of (be abf article, eun
Siohry wf ----"--.-..
' White t.ead
J4 . ili (jruutnt ja Oil - .
- Spanish Ri' -
Ito ilo t; round in eil
Yellow Oelire
Uo ' (In Ground io Oil
Venetian Ited
Terra He Shruna
I'lirkey Umtier
Spit-he lut jwfitiiie
1.1. need Oil
CiiiI ami Japan YarnUhra
AH ol U:cli will be ml. I nn reasonable trrmi.
T. S. IlkXUWll 11 ic :o.
ltateiKti, April 13, M7. IS if
TE.Y DOLLAU? ItHVAKiiT
Strayed from the Mihimiiiirr, on the C61I1 A--nrit
raat, a nn-rl man hmw, about five feet
nigh, In k khI order, I. is right eye almntt entire
ly .wi ,-u4 'jioultujUjcii.'i!,. Jlex.ha.dL..
mall knot on. the barltj ..P'H"!"'! LI'S, Aj'S. '',
die, tnii w lmif Ti.-mre. No other xi UcnUr
nMi'k reeotleeted. Anr information conceininj
hint will be t'laiikfiilly received; and a reward
cl un dollars will be given fur hit tWihery at
the-TiWatrim "or-Wnr -fttijta'(rrt; perrSrfr"eji
Hill Creek, about aig miles luutli went ol Ita
leu:b - . WM. J. COLB.
May 10, HUT 80 3w.
K tSOEtt'SK OTI CJG. - -
Wat taken up ami entered on the Slray Dook
of Franklin enmity, one' bUck horae, about 5
fret high, both hind feet while, and liar in the
taee, in lilt! pnuettiun Of John (iill, about ten
n.dr,i,oiti.oi Loui.buiir. hneiiiowiur en
call anil pi ue .'properly ai:cuiriliiig to Set nt Af
lemblr.
KICKSRY FUIttAN, Ranger.
LouiburS, FranklTu Co. N. C. M 2. 1837.
i t.
MEW AND BKADTIFUL.
The Kelneribrf tms jint rrrhri hii Srmxo
Hvrrvr Jt iitw ami Itaulijitt tit)Ot)8, eihbia
ting eer tiling ileairalile for fienllenirn and
Uiiia' Sl'l.VV JXJi SUMMEIt Jll'P.l
HEI. They are. io eqiitilely bcautilul and
p'endid, that il ia iiiipomlilu to dcteribe diem.
Tbe Ladira will, therefore, plcaic to call and
examine for ibemaetvea.
JuH at hand, alan, a freth lot nf cheap rt ady.
made ClOTJf.YG, of almost every dearrip.
lion. B. U. SMI I'M.
Ulrlsh. M. luv-fSr r 20 6i.
l',.T,lXjlJi..tlujLa.!4U1
Afhii,4.
SRiLKO PHOrOSAI.8 lor (he upply- ol
(he Litre Oak Frame Timber, and Lite Oak
lteaina and Kee'ion Timber, atiil irouiiiunnt
timber lor nnu frigate, to be tletiteicd at the
Navy Yard, (ioipiirt, Va,, will be received until
S o'clock ' M utihe In day of July next, un
iter the advertiaemeiit ol ISOi March lair, in ad
dition to tlm other timber therein ii-tificd, and
ulijecl to alt the preiitiuna ol that advertrw
mrMt, ahicb re.ieiii propotala until the It: iluy
ol July tieal
To be published tetee e week until the 15ih
of June next, in the Nalimial ln(rlli;inter,
(.lobe, Kaitem Argui, New llamphire (i-selle,
(liitloii Mriiit( I'ott and Cninmri ci.il (Gazette,
iew Yim k Time. New Ymk Kvenine I'o.l,
rentnh Knuiiriutn. Peimsvlvanian. Ainerkran
;iinet, Itielunniiil Kquirer, Not folk. Herald,
lUleigh Star, Charleilnn Fattiot, fieorgian,
J-'inala iati!ttiriuttinia-AtlTcrtTieri : aird
Mobile Hreitier. , m-s.
-,Aplul...--"-"-T?W',K,
. QUESTION OF VERACITY.
V toculioiied a few days ago that
Gen. Jacksuii had taken the lield, in
propria peruana against Oi ville Brad
ley, Esq. of Tennessee, upon whose
assertion to that effect it is charged,
that in the fall of 1834, Gen. Jackson
said, in reference to the disposition
evinced by a portion of his friends to
run Judge White in opposition to Mr.
"VTtiTTIurrn, tlSFflie iiiliiJfeTnrnuTre
compromised that Judge White and
the State of Tennessee outfit to be
satisfied to have the name of the Judge
on the ticket with Mr. Van Mjren, as
Vice President that the Judjie was
Jourig enough to come in after Mr. V.
I,, and that such an arrangement would
make all rights and secure t he -elevation
of Judge Whiti as the successor of Mr.
Van Buren.w This statement Gen.
Jackson pronounces io be "utterly
false." As yet we have heard nothing
trom Mr. Bradley in reply. But the
Nashville Banner adduces strong cir
cumstantial evidence to show that his
statement is true, and that Gen. J. has
a mot wretched memory. . '
The first of these corroborating cir
cumstances Is that Mr. Bradley did
not conceal this conversation until a
rupture had taken nlare bet ween Judsre
I 'White and General Jackson but in
. while all the parties were
friendly, rommunicated the proposed
'barrain" to the Judge, who, however,
indignantly rejected the proffered
terms, as became an honest man and
n incorruptible politician. What in
ducement could Mr. . Bradley have
had for inventing such a conversation?
JlsdJjidge White assented to theti"
-ment," it U tvideut, on the 'aup-
position that (Jen. Jackson had not pro-
posed the bargain, that Mr. Bradley
wouU have been placed in a most dis
graceful as well at ludicrous position,
by the immediate detection and expos-
possible to conceive of anr : advantage
which could have accrued to himself
or to his freind J mitre White from the
rommuaicatiaa uf such a drcuiu&taace
if it were unfounded in fact.
The second corroborating circum
stance atltluced by the Nash ville paper,
is the tact, stated on oath, by Mr. Fey
ton, tliaL-soon after it was ascertained
that judgti White wuuM be run as i
candidate for the presidency. Gen
Jackson said, in his presence, at
Wahinstiin, liat if Jutljre White or
his friends would suffer his name to so
before the 'Baltimore Convention, he
.'Gen. J J would be bound 1 hut he
Jutlue W.y would-be placed firt or
second on the ticket" a remark per
fectlv in keeping with that ascribed (o
Gen. Jackson by Mr. liratller. '
1 he tliird is the statement ol Air.
Stand ifer; tu teMilWnht GtilC Jack-
(n, Tn the Sprinx of 1835, stated to
him, that, 'if Jude Wj'iilu had sub
mitted to the republican democratic
Baltimore Convention, if he had not
been brought out for the first oflice in-
ThrarenimeA
condJ?.
Aid to these sUtem-.'nfs, the hith
erto unimpeachable iharacttr of Mr
Hiailley. whose veracity is said to be
unquestioned by all who know him
autr the, public will be slow to bi-lievp
tiiat he h&s been guilty of falsehood
in tliis matter, on the bare assertion uf
Gen. Jackson, whose memorv.it wUHje
ngrjjjj-l-pp,, ,ia9 "arjistkjen oT
the general decay of hi system, even if
titers were not facts s'lfiicient toestab
lisli it treachery Niy, should the
ceriyicn es 01 -ins ptiaiti menus, t
hould connile in it not a whit the
more readily; tor, u it wits true, as
CTit:--ri5oTri5TTKrTlW folU the
world in 181(5, that Geo. Jackson was
then sunounded by a set who were
ready -to swear to any falsehood he
mihtlrctaand -we ilo not pretend
to say that Castor li4 not Mm troll ux,
though even Col. Brnton miht in that
instaiisc have told the truth, how much
t ii .1 11 i,
more nrouaoie u is inai tnese reauy
HnstninientS miff gtvann - In -faU- p
when, alihough nominally a piiv.te
citizen, his will is the supreme law'ol'
the laud i -Lynch la.
Another Question of VvracVu
Hardly ha v-e- we l isnosed of one of the
ex-Fresident's contests of veracity, te-
ttn c mother presents itself. YV e late
ly published a letter of Col. Joseph M.
lute, the delegate liom Honda in
Congress, stating that Gen. Jackson
used most vulgarly abusive epithets
towards the people of Florida, in a con
versation witli htm in reference to the
lveotw-oRhe-BemMTole
Globe alm-ms, on the reputed authority
of Gen. Jackson, himself, that there is
no truth in Col. White's statement.
Really, the General must be very un
fortunate in his manner of expression
to be so frequently misunde stood, or
still more unfortunate in his auditors
to be so frequently misrepresented
that is, if his and the Globe's assertions
are to be regarded as decisive of all
questions touching the veracity of the
individuals whose statements are thus
summarily disposed of. Gen. Jack
son, itjs will known, nn body denies
it is remarkably excitable, and when
exciteUTlie fakes no tiine to we'i"li Ims
wtn.The stnw
t v i o"" dc TrusTPti u n u e r s u en cir-
. . , I
cumstances how much loss so, then,
when sge and disease have materially
impaireil its powers. We do not de
sign to impute wilful falsehood to Gen
Jackson but we believe that but little
dependence is to be placed upon his
memory of events. ft.
THK bank: of, KNGLANIVS
SUSPENSION OF SPECIE FAY-
MEHT-r!-4f9?r
Thc present posture of affairs in the.
United Slates will give great interest
to the annexed brief history of the sus
pension of specie payments by the Bank
of England, which is from sources to
be relied upon:
"On the 2Cth of February; 1797, being-
Sunday, an order of the privy
council was transmitted to the,bank
towards ' evening, prohibiting the
further payment , of specie until the
pleasure of Parliament should be made
known. The Parliament took the sub
ject into consideration on the next day.
February 27, and approved or the or
der of the privy council. The sus
pension of specie pavtnent was orisi
nally intended to beouly a temporary
treasure, and the strongest assurances
were given to this effect on the part of
the bank and the government ' It was,
however, continued from time to time,
but always as a temporary measure.
until, in 1816, twenty-two years after
the suspension of payments, steps be
gan seriously to be taken for resuming
specie payments, which were, in fact,
resumed, on the 1st of May, , 1823.
The bank thus presents the singular
example of a virtual insolvency for
twenty-six years.Ttnd eventual redemp
tion of tta paper nl ila credit; aod
this return to specie payments wis iiot
. attended bj any revulsion or coremer -
cial shock) preparations were made for"
it long beforehand. , The amount of
the notes of the bank in circulation)
was reduced from about 24,000,000
.to auoui aib,uuu,uuu. in iiie inean
, I m v nau, .niflaiv. nf wrnA tia.l h..n'
issue!, in 1821-1822, to the mount of
chasm made in the circulation of the'
country by-the reduction of the amount.
of Bank m( Enland notes, and also!
went to replenish the vaults of the Chairman and James Caskie were add
b tnk, in preparation fur the run that cd to t' e committee,
might be made on the resumption of The committee retired for a few
payment; but the danger was passed minutes, and reported the following
with the greatest facility. The bank resolutions:
notes had . depreciated, or, as the; Whereae u u matter of notoriety that the
phrase was at the time, the price of Bank in Now York, Philadelphia snJ Balti-
bullion liad gradually risen, so as to be,'
at one-DtfiuwI. at the rate of 14 or 15;
percent.; antl if the .bank hair then
stopped suddenly, and, if we may im
agine it possible, . had redeemed the
whole ot ..its paper. A.a3.tJUU,tJUfj or
frffifr,nvtt
in the whole, of 3,500 000, and a loss
to the ? then Tdeblors tu lhelilankjjf
same amount, assuming the deprecia
tion to be 14 per cent, while the bank
itself would have-4ostonly the amount
of bad df btr whicti " wauttr have ijeer
matltby,?uth a. suiLLerLJind. lccaiie.d.
ous revuiston; lor, the mtment ot the
hank's resuming to pay specie rtself,
by th's very operation, it redured the
payments to the bank, by its debtors,
to specie; for the bank had a right to
demand payment of notes and bills
discounted in specie, or what would
have been equivalent, its own notea.-
SucTi a nieasure would evidently ligve
shaken the kingdom to its foundations,
and pro!j.ihlv have brought down it
commercial, financial, auu economical
svtttrms in-roinai- Instead of -seh a
cat asf ro'pTie, eiflier in "TTscnt1 rVu Tri br
renewms payments of specie, each ol
which was equa ly difficult and hazartl-
ofis7Tlie"TraT&trToil5niTie depTecwniiiw
of paper was gradual, and almost im
perceptible, and alter the overthrow of
Napoleon, its rise in value was again,
for the most part.ns gradual, unfit 7t
arrivetl at a par w idi gold, before the
resumption of specie payments. In a
political, finanicial, and commercial
view, this institution, from the snspen-
sion Jo Jfr
ments, presents a stupendous phenome
non, unparalleled in history. 1 lie
suspension of payment, in T9T, was
one of those bold measures, which are
justmetl only by extreme cases, anil
which. 111 such cases, are, in fact, the
onlv prutlent measures. The wholen
svstem of financial administration, and
all the commercial combinations anil
connexions of the kingdom, were in
volved in the affairs of the institution
at the time of its stopping, in 1797.
the holders ol the notes, and the tie-
specie, ot which there remained in the
vaults only 1,272,000, while the bote's
and claims outstanding, and which
might be detnandt d, were 8,640;250,
and the demands were pouring in with
a still increasing tide. It seemed
probable that the bank must stop pa
pay
ment after paying out this specie; the
shock, whatever it miht be, must be
encountered, and it was very justly
supposed that it would be, io a mea
sure, broken, by anticipating the neces
sity, and stopping with more than a
million in its vaults, instead of wait
ing until they should have been empti-
d. Tiie-fasflfts Riverfrfliaoveotr
and ot its continuance liom time to
time, wefe
continue its discounts, and its pav-
ments in specie; and, if its discounts
were stopped, or, greatly reduced, the
commerce of the country would be de
stroyed: 2. that the credit of the Gov.
ernment would be. lost if the bank
should cease to make advances upon its
taxes: 3. that specie payments were
of no benefit to England, as the specie,
on being drawn from the bank, went
abroad: 4. that it was -more important
that the bank should exist, than that it
should meet its payments'at (he ex
pense ot its existence: 5. that the com
mercialarrangements, combinations,
and relations, existing in the kingdom.
would be broken up by the dissolution
of this insfitu ion, and, .being once
broken op, could never be renewed:
and, 6. "that it was better to stop specie
payments while specie and bullion
could be kept in the country . by that 'of the Joatitution be instructed to receive, on
means. Such were the reasons given ;depoait and in payment du to the Inatita-
in favor or the measure, and though it ',jon' ,uctl notef M br ,aw t,Tivlh!f.hy. l!"
I... k 1 ....... ,,,. r I Treasurer of the Commonwealth of Virginia.
has been censured by some who have , That lui..Bk wi proceed to
pretended to discover in it the tause ofjpjjuc th operatiooa of lb. Imtituiion as ra-
much financial and commercial de-
rangement, yet they do not Show by
What ether Course Great JSritain COUbl
have struggled through the , terrible ,
conflicts of that period."' . f ,
From the Richmond Whig". ' :
PUBLIC 3WEt:Tl!VC!.
Tn pursuance of a. call made In the
morning papers, a large meeting assem
bled at the Eagle Hotel, on Monday,
the 15th instant, to take. into conside
ration the conditioti ol the curren
cy. &.t I : ' ; ' 1 j r ' ; ; ;, ''
On motion of Joseph Mayo, Esquire,
Thomas Rutherford, Esq., was railed
to the Chair. The Cbtiruua briefly
explained th objects of the meeting.
j air. n illiamt nominated James C.
Crane as beevtary, who was duly a p-
pointed. . , . ,
Un motion of Mr. Williams, a com-'
mittee was appointed, to report resolu-
uons eipressiye oj iiie views oi inc.
In.atinirf anil ill rhnir nnnnnr.il i tin '
foll;winr gentlemen as th commiftee,aJ by the General Asscmblf of the
Jas Scott, Manu S. Valentine and Jas.
Lyons,
On motions, severally made," the
m". nJ other place, have upendeJ apecie
Therefore, Reaolved, the ,eiee of thia
mceliiis. That it will be' much wwer for our
Bants la reaorl tmmeiliately to a aupeti(ion of
aprcte payment", than to wait until ttiey 'all
he inevital'lv comtN'MeJ tlieroto. Vvihcjraa.tj
thejr now have
nfnaeawtont-
That tiirV have entire confi'Jeiiec iii the aofven-
't aniliblitlity 't.''Siikttiir''lnsfitufioni of
ttm Commonwealth, nd the fullest reaon to
believe in th'rir ability to meet and reJeem all
their Imtiilltira.
a..itauleJ.,.Tbatia,.lWn-preaont -uneianu
pled state of alHiira, w conceive -it la bu the
ilatyvf' ever gboiTcrfiicii "to wut'nfulire'iilTin
hi power. to allay any eiritemetil; nnd that for
(hi purpsid, we pledge ourul to each oth
er, to'austulu the Banka by all the mfam in our
power, and to promote the circulation of their
note, by receiving litem freely in discharge of
all payments due, or becoming due, to oumclvea;
and that, in our opinion, tliU example ought
and will be followed throughout this Common.
y?Blk.----.r- -'
. After remarks by Messrs. James
Lyons and James Caskie, in explana
tion "of , the "view's Tif "the committee.
Mr. F. James expressed the hope that
the resttl a tion's would - .7,iiopJ,r.
iammotrsl v.-- " tl' '
Pr. L. V. Chamberlayne thought it
was bettqtiJDiiluplJCa the waidttUJirt
in tne inrin 01 a recooimentiaiion, dui
as merely expressive if the confidence
of the meeting in the -ability of the
Bafik Directors, leaving the rsponi-bitity-oftheTneasure
with thrny. lie
thereupon offered the following resolu.
titins as a substitute for those of the
committee: .
lteaolved. That tliia mreting have entire eon
.fldejnrejg .jJiehflne.t.. sod .conipeteurjLOfJhe
Dlroctories of the Botika in thin rity, arp willing
to leave to those funrtionariei the derision of
the question of auspemuoa of apocie paymeoU,
and that thia meeluijr will approve any atcp ta
ken by aaid Directors.
Resolved, 'Dial thia merlins entertain the
most undoubted coiifiilenee in tho ahiliiy of the
two Banks to meet all their liabilities.
The question being taken, the sub
stitute was negatived; .
And the resolutions of thecommit-
tee were adopted unanimously,
U. G. Scott, Esq. made some re
marks as to the expediency of provid
sent, and thought an expression of the
meeting ought to be had. as to the pro
priety of respectfully recommending
'to 'the Executive & call of the-Lpgisla-
ture.
Mr. Scott then offered the following
resolution:
ReaoleJ,- That -we forty- helieee ih prrarnl
condition of the Hanking Institution or the
Common wealth, and the danger 10 which we are
new etpoaod, render il highly important that
the General Aaaembly ahould be immediately
convened, and that thia merlins reaprctfully
recommend that the Chief Magistrate bf thia
State do adopt mcasuies for convening the Le
giatature. - ; ( r " ' v- ; :
WhtcJv resolution- was unao imou 1 v
ft was a'ao reaolved, That copiet ef thrae
proct ediitgs be ftirauhed to the Ihrectora of die
Banks of thia city,
And then the meeting 'adjourned.
, , Bask or Visoikia, May I5ih, I&7.
i At a meeting of the President and
Directors of the Bank of Virginia, on
Monday the 15 ill day of May, 1837: ,
. A motion was made that the follow
ing preamble and resolutions be a-
dpted: .,
While other Banks 'hsvs determined to sua-
pfnJjjanaejjUiincco'n forjMijrhumajtluVhjNti;
tution may have on them, tin Hoard deems it
ctpedient, under such circumstance, ta order,
at a precautionary meaaure, a suspension en tta
part, for the preaent, of paymonu in coin for
demands wn this institution. . .
Kcaolvod, therefore, That the Caahier pf this
Bank and tbe .Cashiers of tho aeverul Branches
thereof bo, and they are: hereby instructed to
ucpciid ImCpafflenVof toia'Tiirniemahdadn
the Inatitulion until a further order shall be
made by thia Hoard on the subject.
KaaolveiL alao. 1 hat toa reaoectiva Caahlera
piJIy a may be eonaUtent with the safety of
Ihe debts due to it, and thai Uia several llranch-
,et requeaieu u aoopn.ieaa.ne courae.
And the question being put thereup
on, the same was unanimously decided
in tne affirmative, y . '
Extract from the minutes,
A. ROBINSON, Jr.; Cashier. I
TO THE fTOCKllOU)ER3 OF THE
BANK OF VA.
The Board of Direciors of this Bank
have adiffited the foregoing proceed
ing. ai is nccuiras in express ine re
luctance with which the Board have
asia ma thiBjeayy responsiDii i ty.
Nothing short of what they deemed an
imnerative duty to you could hare In.
- i -
ducei' tlietn to hazard such, a measure.
, They have acted with deliberation un
der the painful circumstances in which
I they are placed. They feci justified,
at least, in the. motives by which they
are actuated, anil ritr mi.fi.lonf
Via t titrir proceedings will meet your
m mvM.l.a . I I.. ! , ....
iitlorn they resorted to
measure
inai can oJ vjue. defended n -the
ground of necessity, they used all Hit
means In their power to strengthen tbe
Bank, and to maintain the high credit
it has sustained for so many years.
They have culled in about two millions
of dollars of the outstanding debt of
the Bank, which would have been still
more reduced, but for the mercantile'
embarrassments that oievail. Thpv
(have reduced the amount of the circu-
I . a.t
i.tii.in 01 uie institution, winch was
widely extended, from the high .credit
of the Bank, about one million of dot-
less to the more vulnerable points, in
order to fortifv the InstUu tion" aaaSna't
tlie assaults t( hTefiJfvamtiat'
posed, and to sluw iu willingneA and
ability, promptly to meet its enra'e-
ments. After having incurred heavy
expenses, reduced the iMbihtijejf.tlir
ttaiikntf puV
curityr ana " when" it" had become
creditor or other institutions, and was
about. to reclaim a portion of the sec-
cie that had been taken from it, they
are met by the decision of other Banks
to suspend their cash payments.
Standing in this position, and thus dc
barred from the means of rcpleutshing
wwvnirrf'-Trrrj-Ttre-aTiojeci 10 lUe lie-
uiands of all who may choose to hoard
their coin, and to the exactions of bro
kers and money changers, who make
a profit, in selling it for exportation.
iwiiev4 nat iiTey-wouia soon Of
coinpeUtdtJJtjderijIi.xiLCUm
frotn the exhaustion of their vaults, to
.ciinftl!ie..pi)! meul o.fj pexiethf y
could conceive no" adequate reason to
postpone the suspension of paynuuts
to a later period, especially -when, it
was obvious that it had been the poli
cy of other banks to obtain all the coin
within their reach before they suspend
ed, in order that they may (he more
nadily resume payments at a fufure
ilay. The Hoard considered , there
would be more valor than discretion
in keeping up this unequal itruggltf jo
the last dollar, when there was no hope
f victory left. - They rannot imagine
that any benefit can result to the peo
pie from the export of the specieTlrom
the Sfate," wliile if it he retainctl at
home it will serve as the basis of an
earlier resumption of payments here
after. They have no design in the
course they have pursued of extend
ing the business of the Bank' they
will proceed steadily, but less hastily,
to contract their opeiationa. . l'or the
rgreeirxwnry;;oi ine JtanK, more
I A .3 a. aVadt ww---''-'t''a-'
tune will be allowed for -the liquida
tion of engagement that might not
otherwise be fulfilled.
: An accurate end minute detail i of
the condition, on this day, of the whole
institution, will be prepared, which
when compared with -its conditton et
fhcrnl oLi'1?. 5?ar will show to the
stockholders and to the General As-
a .1 . , 1 i ' .a
semoy, mat the Doani win not nave
abused the . trust confided to them.
Tliey will be ready to resume the pay
ment of Specie r'as was this Bank oh
a former occasion, the moment that
(he other Banking Institutions shall be
prepared io-aJojitJimmwarwesurer
-jNo.-BiiocKEXBmitcir;"
tt' President,
Bank of Va,.-15 ,My, lft37
From ihoAttlioiial Intelligencer. j
, - i . Mm York, May IZlh. , .
All of all 'parties in this city felt
some curiosity to read, what (hu.Gov
ernment organ would av,; wherL-the
explosion of the. Safety Fund System
should ' be heard in Wash! ngioii.-
rame it is as a, kitten! Keten the
Govcrnmenfwe learn, is, tankrupt
now, , It cannot pay its debts in a le
gal tender! It lias not a dollar of
gol il a Wif silver in the world! - Th rtfpert me b t-h w 4-d epositel.traii afcraJl
Government which seemed to triumph
iu the ruin of the merchants, and to
regard with glee. the merchants as they
broke, cannot now even pay the tea
men on board of a national ship in this
ritjjn gold .aod.ailvcr! l "eaw ihe
P resident f one of Its lavoonte . pets
in a broker's shop this morning, buying
silver! and this under an administra
tion which was to make the cold prep
out of the interstices of the poor man's
purse, anu run up me Mississippi as
the water runs down! , The , Globe
boasted that the mints would soon be
full, and threatened to take cart loads
from the pet banks there to be coined.
The Secretary of the Treasury T now
has, not a sixpence in the world, . lie
cannot make his transfers under the
distribution act even. He is power
less in the prostration the Experiment
has brought about. All this is, in
deed, the commencement of the end.
The City Government of New York
has . refused ; to, issue small notes;
and the vote was unanimous. ' They
very properly tay that tle Legislature
ran assume the responsibility , if they
choose; and they see no reasonjyhy a
whig city should come forth and snatch
the currency Crore, a experiment which
we are yet told by tome people is a
good one,' - ;: '! '-"
'The Boston Banks We HtspendtJ
specie payments. A eNew Eengland
iiAust now fullw. All the Safetv Fund
iuirittkJlaAkvej,potle ihe mo .
mentlhe news from New Voflt reach"
es them- The Legislature of Mastachui
setts will, it is said, be forthwith call. -
eil together. 1 he Legislature ol New
jersey u ai'tan summoned. . x it
-l.l.ff ,-V'vh..--vw-.t;.v v, W .... v-....- v.: K.mm.-t
States must now gn td work, and at
tempt to revive the patient whom the
Experiment has killed. But can they?
No, never. ' 1 shall be very alow to
believe that the hundreds of Banks in
twenty-six bank creating Sutes can e
ver resume specie patuients for c n
errti impossible; and when silver i
worth ten per cent; the Banks, issu.
io notes at six and seven per-eent.,
will never 1os three and four per
cent." for patriotism. Tha patient i
killed at last! s ' 1
The - New - York - Legislature have
-mm44 Wiawr-to -teitiTn"'tnr Banks,
and the Safety Fuitd. peoalty Ja all
suspended. lira is a leirnl pub lit
tonfei' of impetencj. 4
. The ship of the line :lifdeflencej,
it is 'aid cannot sail from Boston for
want of specie.- Are nut Pet Back
notes current in St. Petersburg? 11 So,
'MrTJDa'ITaOM-
. Philwltlpui3i Sn urduy, May '"13.
Tho itaiaediaU reasons which in
duced the Uank of IheUuitea Statre J
to susje cil ave been made knowf, ,
It is because of the suspension of tbe
Government! ' The bank holds some ,
large claims upon the Treasury, and
liii pretUiRs hmtymeiitrthe
treasury of the United states relused,
by its agenta, io pay . its liabilitif in "
siiccie! i lii consequepct of this virtu
al bankruptcy end actual suspension
of the. Treasury, the United States
Hank "teH
't 'itself -obliged-to tusprnd,"
and thus prevent it speci being with.
urawu iur oojesis loreiga io us lusu-
' Yeslcritsy the fullowing transaction
on the part of the Government ofTicere
took pUca in Philadelphia! Some mer-
chants railed at the custom-house to .
make payments nf bonds, for non-pay
went of which Mx. Woodbury has de
cTded that hey shall be immediately t
sui'd at law; they offered to pay in notes
of (he Government deposite bank, vix.
thiiOiraritlriltrbat Thef 'WeriTefus
ed, aud though bow, Government has
for tome time suspended apecie pay.
cntTiUelO"J wre imperatively ""
required to pay. the whole amount of -duties
in guld -or silver! under the -Treasury
threat of immediate suits at
law! On the- very iatne day, j tha - -same
custom-house, ; having 4eben -tu
res tad other liabilities to pay, did "
refuse to pay in apeciel Thns Govern
tnmt exacts 'payment, in specie, end
itself refuses to pay la specie, but for--ee
eveattor t W iakeperl-fuiiti eer'
justice!' "ii'i! i ft 1 i- '-MMtAl .
Again! This morning only, a respee
table merchant of this city,' having to
p y the amount of two bends for duties -to-
Government, tended payment ta .
the Government' deposits '. bank in it
Q!i!l. TIO ltiilJLhj,JiiettmU ted -and
he .was told that.Goverement .
would -receive -nothing bit gold and -silver.
This il Atrocious! the Govern,
ment refUaing to-recievt ita own pa
per! , i -.j. .j.,. .1.'. : '- -.ri
3 AgAin, and yet again! The secre
tary of the' Treasury has written on
to the costom-house ofiictrs by extra
Express, which arrived this morning
aMtFeIoci
ury the , previous f night fMay 12 or
ordering them '.Uo colltet, and ' keep ,ifi;
ly ii lhtl,-0Uii1indii thtptiblie money
until further mitts, iilot fear of mit
tke, I coppy the letferf - Jf "s r ;i v
TO THE COLLFXTORS 0? TUB
i,.;;'.,; -.CUSTOMS.;;-;:..
' 'If the Bank where you clrposife
hould auspi-nd specie payments.' you
will yourself collect aud keep safely
in your own hands the public money
for all duties at your port, until further
directions are given to you by this J
or pay it.- You must, of cos re, con
tinue to adhere to the existing laws of
Congress, and in ike former instrut-
tion of the Treasury, in respect ;'to
to the; kind; of 1 money reeeivable for
Customs, ao! bjf -which it is ondejp
stuml to he your duly t require pay.
ments to oe mane in specie, ana in
notes of specie-paying banks that are
at par.' J LEYJ WOODBURY,
; , wHerrctary of the treasury. s,
7Voaury Dtpartmud, May, 19, 1837." ,
This notice, fresh from the Treaso
rv i leaving- Washington only lust
night, was stuck up in the Exchange
here, and eiciteul indignation, not to
say disgust., Jjucn reckless, wanton
cruelty and injustice is without raral.
.-..i.e.,.,., .... ,.....-. .....
ICI in niainrj, , . ?
r.This Citv has Issued its notea ad
great satisfaction and relief is the eon
sequence, i No?, inconveniencee?. art
now - felt from the suspension ; confl.
dene 1 fcltj . the City Bank notet
generally,'., anil ,the wsnf . of small
change is removed; but' alas forf Do
mestic Exchange!, ,; AVo to those who
receive monej frpm ether partt . of th
Unionj notes-'nd ' gotid undouted
notes, from placet" only a few mile
distant, are almost aa difiweU ahmti
4- -