380 



THK FARMERS' RK(;iS J LR. 



their tools are indeed very darin? in many re- 

 spects — but they will not dare to attempt to answer 

 these charges, or to boldly face these attacks. They 

 will work indirect^'— aiid they may perhaps succeed, 

 in silencing and putting down our publication — but 

 it will certainly not be attempted by fair and open 

 argument. As sore as they are under the exposure, 

 they prefer to submit silently to all the cliarges 

 and denunciations we have uttered, or can utter, ra- 

 ther than attract still more notice from the public by 

 attempting ariy defence. They are perfectly sensible 

 that their case is one, which, according to the home- 

 ly old proverb, " the more it is stirred, the more it 

 will stink." 



Accounts from Valparaiso state that Commodore 

 Alexander Claxton, commanding the United States 

 squadron in the Pacific, died at Talcahuana, on 

 March 7th. 



The Branch Bank of the State of Georgia, at Ma- 

 con, has been depredated upon, (we are at a loss for 

 a proper and acceptable term,) to the amount of 

 about $60,000. The Savannah Republican says that 

 " Nathaniel Barker, Cashipr, Isaac G. Seymour. Pre- 

 sident, and Levi Eckley, H. K. Carter, and F Sims, 

 Directors, are the persons implicated. These frauds 

 upon the institution have been committed under the 

 obligations of an oath taken by the president and 

 cashier of that office on the 3d of April, ult. after a 

 certificate signed, saying the cash had on that day 

 been counted and was all found correct." — This is 

 bad enough, as an illustration of the corrupting influ- 

 ence of " bank facilities ;" but what makes it worse, 

 is that the Macon newspapers kept perfectly .«ilent on 

 the subject, and it was not until some time after the 

 facts were matters of notoriety, and then upon a 

 direct call for information, that a Savannah paper ven- 

 tured to state the above facts I ! ! 



The Augusta Chronicle of May 29th says — " Rumor 

 was rife yesterday, founded upon the authority of pri- 

 vate letters received in this city, that Macon has been 

 the theatre of another bank robbery, which has just 

 been detected in the Branch of the Central Rail-Road 

 Bank, in Macon. The cathier i« snid to be the indivi- 

 dual who has lined his pockets witli the needHil. We 

 have not been able to learn the precise extent of the de- 

 ficit in the cash account, but all seem to concur in the 

 opinion, that it is quite large, probably twenty thousand 

 dollars. A few more such disclosures, as these Ma- 

 con exhibits, and Georgia will stand in the front rank 

 of bank robberies. This is another of the curses of 

 an inflated, irredeemable, non-specie-paying curren- 

 cy. The whole country b>"'comes deranged with the 

 mania for speculation and growing suddenly rich, 

 and some of those who cannot ot)tain riches by fair 

 jneans, steal whenever an opportunity presents." 



The extra session of congress commenced on May 

 21st. There was a quorum in each house. Mr. 

 White of Kentucky was chosen speaker of the House 

 of Representatives. The message of President Tyler 

 was received. Though it is not a very clear and 

 open exposition of his present opinions and intended 

 course, it seems to promise support to a law for a na- 

 tional bank, (z. e.," fiscal agent,") v>-\n\st the possibility 

 of such a bill beinj unconstitutional in purport is also 

 stated. The distribution of proceeds of sales of the 

 public lands among the states is recommended — and 

 raising the tariff of duties, not however to con- 

 travene the design of the compromise act, "except 

 under urgent circumstances" is pioposed, to meet the 

 expected deficit of the treasury — which is stated to 

 be more than 11 millions for this year. 



A numerous public meeting recently held in Charles 

 ton, S. C, among other resolutions adopted the follow- 

 ing:— 



"Resolved, That Congress having no authority under 

 the Constitution to incorporate a National Bank, if 

 such an institution be incorporated, we hold that the 

 charter may, at any time, be repealed, and the bank 

 abolished." 



The National Theatre, in New York, was burnt on 

 May 2ftth. It was done by an incendiary. It was 

 burnt two years ago, and rebuilt. During the fire the 

 falling of the walls crushed an adjacent house of ill 

 fame, and killed one of its inmates. 



James B. Glentworth's trial for enormous fraud« 

 practised in the New York election, is over, and he has 

 escaped by a Au?ig jury. 



The " Ironsides Club" of Philadelphia have made a 

 formal nomination of Commodore Stewart, as next 

 President of the United States, which nomination the 

 Commoilore has formally accepted, and replied to in a 

 published letter of considerable length. Twenty years 

 ago, this whole matter would have been ridiculous in 

 the extreme. But not so now. 



The Baltimore American says — " The exportation 

 of specie from this country to France goes on with un- 

 broken steadiness, and is likely to continue while the 

 present commercial relations between the two coun- 

 tries are permitted to exist." The Havre packet 

 which sailed on Monday took out ;^125,000 in specie. 

 The true reason is that we prefer to use depreciated 

 bank n-ites instead of specie in this country, andthi:re- 

 fore our specie is sold and sent from this country to 

 others that will not use paper money, or to such ex- 

 tent. Ttiis will continue as long as there is any spe- 

 cie to export, or until the swindling banks are com- 

 pelled to pay their notes and obligations. To New 

 York, where the banks were forced to pay s]iecie, it 

 flowed from all non-specie paying states, until last au- 

 tumn there was 12 millions of dollars in the city 

 banks, and very much more than was wanted. As 

 there was no effective demand for it in Virginia and the 

 other paper currency states, it was profitable to send 

 the specie abioad ; and seven millions of dollars of the 

 specie was sent to Europe from the city of New York 

 before the end of last winter. 



The Girard Bank and the Commercial Bank of 

 Philadelphia have refu.«ed to accept ttie benefit of the 

 relief law of Pennsylvania. 



By this morning's mails, June 5th. 



The British steam-packet Acadia arrived af Boston 

 on the 2d, in 13J days from Liverpool, bringing Euro- 

 pean accounts 15 days later. The Liverpool dates are 

 to May 18th. "The news is not of much political im- 

 portance, nor is there any ttiing very favorable in the 

 aspect of the commercial and monetary interests. 

 Nothing heard from the President steamer, and no 

 hope of its escape remaining." 



" The Spanish regency has been settled by the elec- 

 tion (by the Cortes) of the Duke of Victory (Espai- 

 tero) to be sole regent of the kingdom." 



"The growing crops both in France and England 

 wear the most favorable appearances." 



Great dissatisfaction prevailed in England in regard 

 to the recent arrangement of terms with China— which 

 arrangement, according to last advices from China, is 

 likely to fall through. Sir Henry Pottinger is to suc- 

 ceed Capt. Elliott as Commissioner to China, and is 

 clothed with full powers. Tne treaty signed by 

 Capt. Elliott and the Chinese Commissioner had been 

 rejected by the Emperor of China. This intelligence 

 had advanced the prices of teas in England 20 per 

 cent. 



Another horrible disaster has occurred at sea in the 

 foundering of the ship William Brown, from Liverpool 

 for Philadelphia. 47 lives were lost, of which 17 were 

 of persons thrown out of the boat, in which all bad 

 taken refuge, to save the lives of^ the others. The 

 survivors were taken up soon after by a ship, and car- 

 ried to Havre-de-Grace. Though imprisoned at first, 

 for the drowning of their companions, they were soon 

 discharged, upon the ground of the absolute necessity 

 of the act. 



The discussion on the free-trade system proposed by 

 the ministry was in " full blast" in the House of Com- 

 mons. The first measure of reduction was the sugar 

 duties, nominally, but in fact the whole question is in- 



