190 



THE FARMERS' REGISTER. 



Apprehensions were entertained by the Enj^lish of the | It is stated that the notes of the Union Bank, Buffa- 

 tinai result of the negotiations with the Chinese autho- I lo, are no longer redeemed by the agent at Albany, 

 rities. It was supposed tliat the British comtnander | [Jour. Com. 



would be duped, and his conduct was severely cen- I The Raleigh Register of the 6th says, th|t the North 

 sured. The British troops hoidino- the Island of [Carolina Banks have again suspended specie pay- 

 Chusan were very sickly— out of 3G50, there being | ments— or con/fsseii having done so, as we would say. 

 only 2(iS6 fit for duty. " i So they go— and so they will go. The pretence of 



The Earl of Mountcash^l (Feb. 8) had brought the I paying specie by a bank will soon be held as ridicu- 

 case of McLeod before the House of Peers, and spoke j lous, as would be the claim of chastity by an inmate 

 highly in reprobation of his treatment. In reply to ! of a brothel. 



his Inquiries, the premier said that he " might rest as- ; Saturday, March 20. 



sured that every measure wouid be taken that was j The Richmond Compiler, alter stating the recent 

 necessary to secure the safely of her majesty's sub- i (acknowledgment of) suspension by the North Caroli- 

 jfcts, and to uphold the honor of the British nation." na bank.s, adds,—" Our banks stand now pretty much 

 Tiie subject had been debated more at length in the alone. If ihey can continue to pay specie while there 



House of Commons. 



The cotton market had declined a little— owing to 

 the ditliculties of the stock and money market. 



Saturday. March IS/A. 



All the nominations to places in President Harrison's 

 cabinet were confirmed by the Senate. 



M. Daguene has announced that he has succeeded 

 in making the photographic plates so sensitive as to 



is no place whence they can draw specie to restore 

 that they pay out, and, what is worse, exchange with 

 New York, fire per cent, against us, and render the 

 proper aid to trade at the same time, they will do 

 winders." Thpre is a still greater wonder re-asserted 

 in the above pa^jage, with the absurdity and impossi- 

 bility of which our friends of the Compiler are not yet 

 tn pressed ; that is. that the notes of the baidca of Vir- 



receive an impression in less than a second ; and that, \gima, if truly paying specie, as asserted, should be five 

 in consequence, he is able to receive the forms of all per cent, below par in Neiv York. But, upon our 

 moving objects, as perfect a? those of thing* stationary. | ground, maintained throughout, that our banks do not 

 British cruisers continue to exercise, illegally, the j pay specie, the high price of exchange ceases to be a 

 poiver of searrh on American vessels, suspected hy wonder. The history of the world presents no such 

 Them of beincj enirasred in the slave trade. The fol- | bare -faced and manifestly flilse pretension, as this of 



lowing is the latest example: "A letter, writt'^n at 

 ;sea, on board the hrig CluTokee, Capt. Webb, of Sa- 

 lem, dated Dec. 27, 1840. slates, that a few days before 

 they reached the Cape, the brig was oveihaul.'d by her 

 Britannic Majesty's bri": of w.ir Curlew, and. after a 

 lull examination of the Cherokee's paper=. her hatches 

 were torn open, und^r pretence of searchins forslaves!"' 



Branch Georgia R. R. Baiilr.—We observe in the 

 reports of the exchanges in Columbus, that the bills 

 of the Branch of the Georgia Rail Road Bank in this 

 city, are quoted at 15 per cent discount, and, as the 

 bill holders in the western part of the state may be 

 led astray by this quotation, we take this occasion to 

 assure thf-rn, that the Braiich is paying specie, and 

 will continue to do so. and as a consequence, her bills 

 are worth as much in this city as the bills of any other 

 city bank. — ^'lug. Chronicle. 



In strrct accordance with our rule of interpreting 

 such bank notices as the above, the bank in question 

 stopped specie pavments immediately alter, and so 

 etlectually and undoubtedly, as to make an official 

 publication of the fact. 



The very interesting case of the Spanish vessel Amis- 

 tad, and the Africans who captured her, is at l'Mi<rth 

 decided by t!ie Supreme Court. The National Intelli- 



specie-paying by banks being so universally, (in ap- 

 pearance at least,) received as true by the communi- 

 ty. In a week or two the miserable pretension will be 

 dropped by the hanks. 



The Bank of Western New York has suffered $^13,- 

 000 of its notes to be protested. It is said to be the 

 intention of the bank to bring its business to a close. 



The Council of Wilmington, Delaware, have passed 

 an ordinance for issuing bills or drafts of a less value 

 than one dollar. 



The Senate of the United States have adjourned 

 after a few days of session under the new administra- 

 tion, to pass upon executive nominations to office — 

 which have not been many. 



Blair and Rives, editors of the Globe, have been 

 discharged from their fat office of printers to the Se- 

 nate of the U. S., by a recent vote of that body. The 

 debate on this question produced a melo-dramatic 

 scene of quarrel, defiance, challenge and acceptance, 

 and, finally, of public reconciliation, between Mr. 

 Clay, of Kentucky, and Mr. Kin<r, of Alabama, which 

 formed the principal interest of the short extra session 

 of the Senate. 



By proclamation, dated March 17. the president of 

 the United States has called an extra session of Con- 



geneer says, that " the judgment of the district court I trress on May 31st. The subject of discussion and 

 ~ ' -• . . . . 'action, and IJie results of this session, will be more 



important than those of any session since the first 

 under the present constitution. 



The Baltimore American, a highly respectable pa- 

 per, which belongs to no party, but is certainly favora- 

 ble to tlie new administration, states that the f'ollowing 

 will be the prominent measures recommended by the 

 new administration to Congress: 



" 1st. The repeal of the Sub-Treasury Law. 



"2nd. The imposition of a tariff of duties sufficient 

 to meet the expenses of the General Government. 



" 3d. The adoption of a plan for the distribution of 

 the proceeds of the public lands. 



"4th. The adoption of some plan or system for the 

 safe keeping of the public moneys." 



The total number of the United States Army is 12,- 

 577 men. 



The Legislature of Virginia has passed the " in- 

 spection law," proposed to meet and guard against the 

 procedure of the government of New York. It will not 

 go into operation until May, 1842, 



The annual bill for indulgence and indemnity to 

 the banks has passed the eg'slature of Virginia. It is 



of Connecticut was affirined in every particular, ex- 

 cept as to sending the negroes bick to Africa. They 

 are. by the decision, to be discharged, as free men." 



The regular Sew York correspondent of the Na- 

 tional Inteliiiiencer, (date March 9th) says: "The 

 money market [city of New Yoik,] is in a very un- 

 settled state.- The attempt to discredit the bills of the 

 Free Banks has been so far successful, that most of 

 the brokers refuse to buy those of the Buffalo Banks, 

 and some others. The notes of the rest of the country 

 banks are at 3 to 5 per cent, discount. This cannot 

 last long. The rate must come down, or the banks 

 will be run upon for specie " These words of ba7tk 

 language, put into plni7i English, mean that all the 

 country banks of New York are on the eve of avowed 

 stoppage of payments. We suspect that the city 

 banks will follow. 



The business men of Richmond (i. e. borrowers,) 

 are very anxious for th'^ banks there to abandon all 

 pretence of paying specie — as that pretence invites 

 the demands of brokers, and lessens the amount of 

 loans. Have a little patience gentlemen — your wish 

 will be completely gratified, as soon the law of indul- 

 :geace now before the legislature shall have passed. 



