508 



THE FARMERS' REGISTER. 



rest equally of the planter, as of the merchant, to 

 have a sound currency of uniform value ; and be- 

 lieving that this can be secured only by encourag- 

 ing the circulation of the notes of such banks as pay 

 specie for their issues, promptly, to all demands ; 

 and also believing that it will result to the mate- 

 rial interest of the whole state ; by reducing the 

 price of merchandise, and enabling the planter to 

 receive a sound circulating medium for his crop, 

 the undersigned, merchants, factors and citizens 

 of Augusta, have determined that from the opening 

 of the fall market, for the present growing crop, 

 say after the first of October next, they will not re- 

 ceive in payment, or pay out, the bills of any 

 of the suspended banks, except at their current mar- 

 ket value, taking the bills of specie paying banks as 

 the standard. [Signed by 134 commercial firms, fac- 

 tors and citizens of Augusta.] 



" Resumption. — A gentleman from Alabama in- 

 forms us, that there the people are coming very 

 generally to repudiate all bank notes which are not 

 payable in specie on demand. They have suifereil by 

 the depreciation of bank notes, and by the failure of 

 one bank after another, and have been wronged in so 

 many ways by the banks, that they are becoming 

 determined in their resistance to the farther continu- 

 ance of the fraudulent system. Gold and silver are 

 coming again into circulation, for the people 

 will part with their property for nothing else. A 

 few private banks, paying specie, are getting in- 

 to operation, which furnish a sound paper cur- 

 rency ; but they are not much known. From Georgia 

 and from Michigan we have published the proceed- 

 ings of public meetings repudiating the paper of sus- 

 pended banks. From three states, therefore, we have 

 learned that the principles of liberty, not regulation, 

 are purifying the currency. Another year of the 

 uninterrupted operation of these principles would pro- 

 bably restore soundness to the currency in most of the 

 states ; and when so restored, the currency would 

 remain sound. The laws of nature cure evils, but 

 legislative quackery plasters them over, so that the 

 first time the patient takes cold, they break out again. 

 If the people could see the operations of nature for 

 another year, the doctors would be compelled to throw 

 away their pills, and allow the patients to get well. — 

 Journal of Commerce. 



Specie. — The packet ship Albany, at New York, 

 from Havre, brings 1,052,800 /rancs. 



The steam-ship Acadia arrived at Boston on the 2d, 

 bringing accounts to July 20th, 6 days later than those 

 by the Great Western. 



The election returns were nearly all received. The 

 Conservative or Tory party will have a majority of 

 about 80 in the House of Commons. 

 The cotton market remains as before. 

 " London, July 17. Cotton— There has been a fair 

 demand this week, and full prices paid. The private 

 transactions amount to 1340 bales Surat at 4d to 5|d, 

 <t00 Madras at 4'[d to 5d, 60 Bengal at 4:5 to 4.^d, 300 

 Boweds at 5} to (jj in bond, and 150 WeLt India at7d 

 to Sd per lb. duty paid." 



The prospect of crops was favorable. 

 A very threatening riot or insurrection had taken 

 place in Toulouse, (France,) on the 12th, which was 

 quelled on the second day by military force. 



The town of Villa da Prain, in the island of Ter- 

 ceira, has been destroyed by a series of earthquakes, 

 from 12th to 15th of June. 



The Greeks in Gandia have suffered severe losses in 

 recent skirmishes. The Turkish force there is eight 

 thousand strong. 



Samuel Swartwont, the great defaulter, has returned 

 from Europe in the Acadia. We presume that he has 

 heard of so many defalcations and robberies by officers 

 in trust, that he supposes he will now find a large cir- 

 cle of such associates and companions in misfortune, 

 and all of them gentlemen of hi^h character and re- 



spectability. It is reported that Swartwout's suc- 

 cessor, Hoyt, though so short a time collector of New 

 York, has managed to be a defaulter for $150,000. 



The Jacksonville (II.) bank robbershave been dis- 

 covered and arrested, and, as we ventured to assume 

 at first, they prove to be an officer of the bank — to wit. 

 Town, the teller. Mather, the president is implicated 

 in the charge. Nearly all the stolen money had been 

 recovered. 



A tegular and extensive conspiracy for insurrection 

 among the slaves, on many plantations on the lower 

 Mississippi, was lately detected, a few days before the 

 intended outbreak. Forty or fifty slaves have been 

 arrested, and await their trials. White men are im- 

 plicated, one of whom is in jail. 



Matthias, the pretended prophet or Messiah, who 

 made so much noise some years back in New York, 

 died lately in the western part of North Carolina. 



The levee across the river from New Orleans is still 

 giving way. "The slide has extended a distance of 

 about 200 feet, and the water where the caving has oc- 

 curred, is 32 feet deep." — Neju Orleans Bee. 



Houston. Texas, which was settled five years ago, 

 has now four thousand inhabitants, and within the 

 same period there have been six thousand burials, an 

 average of nearly four for every day in the year. 



The faculty of Amherst College, Massachusetts, a 

 seventh-rate institution, have endeavored to add to 

 their dignity (and something more perhaps) by insult- 

 ing President Tyler with the offer of a diploma of 

 Doctor of Laws. 



An ./Issociationfor provioiing Cuyrertaj and Banking 

 Reform has just been organized in Petersburg ; and 

 although commenced in a ioum, under the chilling 

 shadow of three banks, and of course obstructed by all 

 the influence of the banks and dread of their hostility, 

 the effort has already succeeded beyond all previous 

 expectation. The list of members shows the names 

 of men of all parties, (except of the party of thorough 

 bank slaves, or advocates of a permanent irredeemable 

 currency,) including some of the most respectable mer- 

 chants, and also the delegate of the town of Petersburg, 

 who was recently elected by so su7-prising a majority. 

 The first acts of the Association are published on the 

 previous pages of this number. It is expected that more 

 than half the voters of Petersburg will sign the peti- 

 tion for resumption of bank payments, in spite of all 

 the power and indirect influence of the banks, to the 

 contrary. But in the country, where bank terrors are 

 as yet but little felt or dreaded, far greater success 

 may be counted on, wherever any one zealous indivi- 

 dual will make an effort for the purpose. In the coun- 

 try there are very few slaves to bank power, and al- 

 most as few apologists for the swindling features of the 

 bankinsT system. The petition for resumption of pay- 

 ments, if properly presented, will obtain the signatures 

 of four-filths of the voters of lower and middle Vir- 

 ginia; and the banks will not dare to ask, nor the le- 

 gislature to grant, a further suspension, termed and pre- 

 tended to be temporary, but which in factw'ouldbe de- 

 signed to be but one more of the years of the perma- 

 nent poliqi of an entire currency of irredeeiiiable and 

 depreciated bank notes. Every bank measure and law 

 for the last four years have been but preliminary steps 

 to this general policy ; and every argument and state- 

 ment made in favor of confirmed temporary suspension 

 of payment, serve as well for the permanent stoppage, 

 and which will be openly supported, as soon as the 

 irredeemable paper advocates are strong enough to 

 venture to tell the truth in this respect, and avow their 

 designed object. Let a branch of the Association be 

 forthwith formed in every county, and a petition for 

 resumption be signed by all who approve the measure, 

 and before next March the present fraudulent banking 

 system of Virginia will be controlled by law, stripped 

 of its overwhelming power, and have infused into it 

 something of honest and useful tendencies in relation 

 to the public intere'st'! 



