THE FAUMEKS' UEGISTEU. 



611 



" One hundred thousand dollars in specie have been 

 shippud to Etis^hmd in (he Acadiii, which saiii d IVoni 

 Boston yesterday." — lb. 



It socins from many indications in the papers that 

 anotiier Oa"'^ l^'H ^^'" ^'^ prepared, and passed by 

 Congress, wjiicii the friends of the measure supposi; 

 may obtain tiie signature of the president. If this can 

 be so, it must indeed be a very poor bill for the purpose 

 for vvtiich it is mostly desired to be etii-'cted, that is, to 

 expand still more the paper currency, to furnisli more 

 loans to the borrowing class. 



No steamer arrived, though momently expected at 

 Boston. 



Friday, Aug. 27, 1841. 



The steamship Columbia arrived at Boston, via Ha- 

 lifax, on the 19th, in fifteen days from Liverpool, 

 bringing accounts 16 days later. No political news of 

 importance. " Cotton had slightly declined, and the 

 state of trade was dull. American tlour had advanceil 

 in price to 28s. 6d. for the best brands, and American 

 wheat sold at 10s. to 10s. 4d. This was in conse- 

 quence of the unfavorable state of the weather, and 

 the consequent fear of a short crop." 



The late collector of New York, Jesse Hoyt, has 

 been sued by the government, damages laid at 

 $(400,000. A like suit has also been brought against 

 Phillips, formerly assistant cashier under Swartwout, 

 damages laid at ^'600,000. The defalcation now 

 charged against Swartwout having dwindled down to 

 $400,000, he seems to be considered as almost inno- 

 cent, and contmues at lar^e. 



" The Banks of New Orleans being compelled to 

 redeem their circulation in coin, or in default to pay 

 12 per cent, interest on judgment, suits are rapidly 

 thickening, and it is thought probabla there will be a 

 speedy resumption of specie payment, — that the 

 banks will be compelled to return to honesty, in self- 

 defence." The same remedy has worked well on the 

 banks of North Carolina, and will on those of Virginia, 

 after January 1, unless the law should previously again 

 suspend the penalty of 12 per cent, interest. Every 

 note-holder who wishes to aid in compelling a return 

 to specie payments by the banks of Virginia ought 

 to make them endorse their notes to carry interest, 

 though the rate is but 6 per cent, until January 1. 

 The operation of the North Carolina 12 per cent, 

 penalty has given an increased value to their bank 

 notes, and thereby has withdrawn them from circula- 

 tion here, to give way to the now worse currency of 

 Virginia notes. South Carolina notes (being specie- 

 paying) were lately worth 1^ per cent, m Richmond 

 over the best Virginia bank notes. 



The " Macon specific" is working well in the south, 

 and will force the solvent banks to resumption and the 

 others to bankruptcy. The like remedy has been ap- 

 plied in Michigan, and is now operating to good pur- 

 pose in Ohio. The people have been there so cheated 

 with depreciated or worthless paper, that very many 

 have come to the determination to receive no depre- 

 ciated bank notes, except at their market price in 

 specie. This is what is called the " Macon spe- 

 cific." These and sundry other movements of the 

 people are almost every where bringing nearer the 

 prospect of a general resumption of specie payments. 

 But nothing is to be hoped from legislative action, 

 or from banking honesty, if left alone to operate. 



The legislature of New Hampshire, by a vote of 

 138 to 99, passed a bill which makes the private pro- 

 perty of the stockholders in all the banks hereafter 

 to be chartered, liable to a certain extent, for the debts 

 of the institution. — Argus. 



" Merril B. Sherwood, we now learn on the best 

 authority, left the country with a fine young lady, not 

 his wife, in the ship Renown, at Philadelphia, bound 

 for Hamburg. This distinfruished man got up the 

 Erie County Bank, swindled the state of Indiana out 



of ,f 540,000, purcha.^ed the Dry Dock Bank, was made 



president, lliiMi resigned, and is now out of (lie cnnntiy 

 with his paramour, leaving his wife and children in 

 Hutlido, fo shift for themselves. It is supposed that 

 f^herwood has taken .'if'20(),000 with him, the proceeds 

 of all the Indiana bonds equal to half a million." — 

 N. Y. Herald. 



The little steamer Germ, which steamed by sea from 

 Norfolk to New York, has gone thence through the 

 Erie canal and the lake to Kingston, U. C. This re- 

 niaikable voyage speaks well for the value of Lieu,t. 

 Hunter's invention. 



The bankrupt bill has become a law. Unluckilj?^ 

 it does not operate on banks. 



Wheeling bank notes are at 15 per cent, discount 

 below the other depreciated Virginia bank notes. 



Another bank bill (or as now called, a bill to. 

 establish a " fiscal corporation,") has already been, 

 hurried through the lower house of congress, and will 

 no doubt pass the senate. We guess again, and with, 

 very great confidence, that this bill also will be vetoed. 



In a fire at Syracuse New York, a keg of gunpow- 

 der exploded, and 29 persons were killed outright, 

 and about 50 dangerously or severely injured. 



It is now said that there were nearly 300 persons 

 on board the Erie, all of whom perished except 27. 



The commission which has been for more than-, 

 three months engaged in investigating the alleged 

 frauds and malpractices in the New York Custom 

 house, has at last adjourned to Boston, to make there 

 a like scrutiny. 



According to the report of the post office auditor, 

 there were on the 4fh of March last 3337 postmasters 

 in arrears to the government. 



The Circuit Court of Rankin county. Miss., at its 

 late session, decided that a loan, made by a bank, of 

 depreciated bank paper, being an usurious transaction,, 

 is mill and void, and that no collections should be e/i- 

 forced on debts thus contracted. 



At the meeting of some of the banks of this city,, 

 which was recently held for the purpose of consider- 

 ing whether the "Relief Bill" should be accepted by 

 them or not, it was urged that if the banks did accept: 

 the bill, every loan they made in the currency autho- 

 rized by the law would be void as an usurious trans- 

 action, and could not be collected. This view of the 

 matter is now declared to be law by the decision iii= 

 Mississippi. In the same state it was recently direct- 

 ed that the public officers should not receive depre- 

 ciated paper in the payment of debts due the stat«v 

 They are getting upon the right track in that quarteB^ 

 —Phil. Led. 



Down ! Down ! ! Down ! ! .'—The stock of the 

 United States Bank sold in New York on Monday 

 for 12 per cent, for 100.— id. 



England has now on the stocks or preparing, twen- 

 ty-seven large steam vessels in addition to her present 

 naval force. — lb. 



The new Steubenville Bank (Ohio) has broke, and 

 its effects are placed in the hands of commissioners em- 

 powered to wind up its affairs. 



By this morning^ s mails, (Friday 27th.) 



The steamboat Louisiana, on the lower Mississippi 

 had one of her boilers to burst, on the 12th inst., by 

 which 5 men of the crew were scalded to death, or 

 blown overboard and drowned, and several more 

 severely injured. 12 or 15 of the United States' 

 soldiers, of a party on board, were missing and sup- 

 posed to be dead. 



The land distribution bill had not finally passed the 

 senate on the 25th. 

 It is now reported that the explosion at Syracuse 



