Vicksburg Tri-Weekly Sentinel from Vicksburg, Mississippi • Page 2

to attend to his private afTd the nominal price of the mortgaged lands proposed. and staple States to pay three-fourths of the lax. In YICKSBURG SENTINEL. Bt (h I ra friends, to push. thernseUes upon (hem.

We go the whole Democratic ticket, as nominated at the Convention, and we do hope tho people of Marshall will not permit collateral issues lo be made upon immaterial and unimportant matters, compared with ihe great sirugglc for principle. The crops are very Haltering here at this lime-corn is tasseling, and cotlon farms are abundant. The weather unusually waim. Property maintains a good price. Negroes sold here to-day at Sheriff's Sale, men from 1750 to 1000; women from COO to 800.

With the exception of two other large sales which come on next week, there will be no property sold auction. Land sells low, and is most generally bought in. The health of this county was never belter. Subscribers to Union Bank will succeed in securing all their stock, notwithstanding the hard times. The mortgages are mostly made, and are being recorded.

The Court-house here is goin3 on, but ihe people are as mad as thunder about ihe tax; they will pay it, however, to get themselves in good humor. I omitted to mention that Major Wyalt was elected Colonel over both his competitors. Geo. A. Thompson, a Union Bank member of the Legislature received only about fifty votes out of about 1000 polled! iri(Uj he recently so ably occupied.

We first find the name of Gen. most ardent and efficient f. iend of T. generous State of Mississippi, who in hour of her adversity offered their r. to aid and sustai i her WlIU P'JfKl appointed Major General of tne Armv th" qu nitf fire I a cj iiiui inline hi government, and afterwards invited im aT inet of the nresent the Navy; all of which i inn.

i alike with honor to himself and intprpCI i The career of but few men in iUd 7 has been mote brilliant or suceesfnl 1 will carry with them into retirement a nf llip rnnfidpncR f. 8lfl 6' "vk'ub iccilllgs of their cou try men. iiomton nielli I1H II AKY WA i aeam oi ma. iiiomik n. uiuoks, a native of County, Va.

He had been confined with feTer ''Jl we believe) for two month past, and expired on day night last at the residence of D-. Turnbull in Mr. Digge had been a resident of our city for three years, and few men ever were more beloved acquaintances than ha waa. He possessed all the (, of the generous and high minded tion of ihe old i- and we can truly say that none knew him but loTeJ lKn'(W, During his protracted sufferings, he had all the ihat devnted friends and the best medical skill could The newspaper in Warrentnn pleae not, MARSHAL'S rfALE. V'rtU" directed bj the Sulirit of the reasury 0f the United to the of the District of Mississippi, against Alfred W.

M'D ij and sureties, I will expose to public sale to theh'iiheit'S der, at the Court House of Warren County, on the MONDAY in August, a certain tract or parcel of land 1 unted in Warren County and known as the north quarter of section twenty six, in township fifteen, 1 ur eat The proceeds of said sale to be appropriated the payment of that pordun of the debt due from M'llmi ior wnicn riemmmg vvooo, one oi uie secur i.n.u. as per deed of trust from M'Daniel to Wood of records Adams County, dated 16th March, 1830. Gold and SiS or Treasury notes of the United Stales onlv received ment. Sale within the houra presciibed by law. WM.

M.GWIK, June 28 16t. Marshal Miti. Dlsirid iPr's. fee $54 12.) NEC. RO EST 0 fl I T1WO women tolerable good cooks, washers and irown, accustomed tr do house work; a negro boy about nm years old, and a girl about eleven years old.

Enquire af Mr. Charles N. Tilden or Mr. J. F.

Williams at the Vid burg Hotel. June 28 3t STOLEN AGAIN. tl "'BlU'A8 taken from livery stibteta this city last night after 12o'cS4 tne zai 11 mv old truttini "JVtaiU ol the rore8l," about 9 jeirioU, 14 hands high, blood bay ith blidt in, tail and lees, no white eicea i small spot on the shoulder blade cauned by harnesi. can be distinguished by a recent injury sustained on Iti left shoulder resembling in its appear ince swiuey from ibt fleets of which fhe is still lame, hail no thoi on. this mare much above her intrinsic value from the circus.

of her being in foal by an unequalled horse, and give a liberal reward for any information leading tohtir covery. June 28 3r. J. rj. WILL1AMS0X.

FOR ttASIlVlLLin The splendid steamer JOHS RANDOLPH. Jos. Miller, mum depart for the above and into. mwiiate- pons on KlUAi Mil at 4 o'clock p. in.

For freight or passage, harsj splendid accommodations, all large and airv state roumi Apply lo PHELPS, O'CONNOR jfCa June 88 It. Agei.ti' FOR LOUISVILLE Tmw Morning. he new and splendid iteaw VV'm. Ifobinson, jr. will leave for the above and intermediate potN at 8 o'clock.

This fine boat two engines of great power, id very ably commanded, wi has accommodation of the most eieellent kind. For apply only to LAWRENCE (5ARR, June 28. Levee Sued. N. Mississippi money taken at par.

MARSHAL'S SALE. George Kissam, A Is. fi, fa. to Novetnlw vs. S-Term, 1839, of UnM Samuel Anderson, and surety, States Circuit Court Kissam Co.

vs. Same. Same 6c surety, virtue of the abovo wrils to me directed, I will for cash at the Court House of Warren Couniyoc MONDAY the 8th day of July 1839. The following i tro slaves, Wasliinnton.Burell, Jesse, Cresey, Katy, Nelly and Mary Davis, levied on as the property of Jesse gan the security in the above case, and will be sold lo sal ly debt and cost in the above cases. WM.

GWIN, Marshal. By E. II. Greer, his Deputy. June 26 6t.

Pr's, fee 75:) MAUSUAL'S SALE. jarne. umn, Xli- fi. fa. to November Tet John 8, Good, surety.5 U'lUed SWeS CUrt' BY virtue of the above fi.

fa. to me directed, I will6'1 for cash at the Court House of Warren County, MONDAY the 8ih of July next, the following negro iltj Talbolt, Sarah and child, and Fillis kw4 Oil tfl nftV l(ht nml nut in KnvA rnop. WM.M.GWIX.MarsML. By E. H.

Greer, his Dopu'J-June 26 6t. KPi'. fee $6 OlU A proui7aTiation. By Alexander G. McNmt Governor rfthe of Mississippi.

it has been satisfactorily represented Executive of ibis Slate, that on the 10th day rfW 1839, James G. Scott, William T. Scott, and John W.Sc did atrociously and wilfully murder one Solomon in th county of Copiah in Said stale, and are no" fill Irom justice and whereas justice and humanity the safety of society require that the said fugitive ahou" brought to trial I do therefore issue this my proclmu offering a reward of three hundred dollars each to anj son or per-ons who shall apprehend and secure W-'V in the United Slates of America, the said named Sw1 And I do moieover require all officers, boih civil nJ ry, to aid and assist in bringiug said offondcrs to nsfff charges made against them. itU Given under my hand and the great seal of jW (l. s) st the ciiy ot Jackson, this 10th day of 1 1839, and of the novereignty of iM Mississippi tho twenty-second.

Mc By the Governor: Babrt. W. BKirsos, Secretary of DlSCRIFTIOX. James C. Scott is slender built, rather dark black eyes and thin visage, leans forward when about 25 years old, has a singular walk, suppo1 account of having his leg broken some ye' Pst, William T.

Scon is a small chunky nun bul or 9 inrhft hiwh. fjlr Wilt h.iif. U'd "c-k about 28 or 30 years, uses his left hand generally-John V. Scolt i rathr himvv buiil, lwul 5 inches hirh. fair rnmnloi i.in licrht hair, b'U 'J about 31 or 32 years of age.

Jackson, Mi. June 21 it. aXrClfC-M ve districts where these factories are located the system reduces the while and free population, who labor in them, to a condition much worse than tltat of our colored slave population. We ask the candid and intelligent freemen of this State, if such a system has one single republican feature? Is it not a system worse than feudal vassalage in all its workings upon the operatives? Does it not reduce them to the condition of serfs and slaves? I it not the most inexorable bondage ever invenied by the ingenuity of man? And is it republican "to tax a whole people to enslave a part? Is it republican to grind and oppress the whole south to enrich a few capitalists of another sfclion of the Union? Yet this is the' policy of the whig party and of i's great leader, Mr. Clay, whose elevation to the Presidency would perpetuate this unjust, tyrannical and anti-republican policy.

Another principle of the whig parly in to tax the people of the Union to make works of internal improvement for the use and benefit of a favored section. Is there any equality or justice in this policy? I it not the very essence of aggression and plunder? What justice is there in requiring the people of Mississippi to contribute to build a turnpike or a rail road in Delaware? Yet this is the policy of Mr. Clay, to which he is enthusiastically devoted, and which the whig party are now striving to build up. Is not such a policy anti-re-publican in the worst sense of the term? What greater dedpoliem could be inflicted on a free people? Another favorite measure of the federal whig party by which they seek to oppress and plunder the country and tho people, is that of banking. They are in favor of the present corrupt system of banking, because litis systern is a tax upon the labor und produce of the country and goes into the pockets of the knowing ones of the whig party, who own and manage the banks, and who have succeeded in deluding a portion of the people, that these rolten banks are necessary.

Who ever heard of a shinplaster bank which the presses and leaders of the whig ptrty did not loudly praise and advocate? When was there a corrupt banking project started that the whigs did not support, and abuse the democrats us aggrurians for opposing it? As a means of working and controlling this State bank system, the whigs propose lo establish a U. S. Dink in New York or Philadelphia. Here a dozen bank directors are to be stationed, with the power in their hands of controlling all the State banks, and these men are not to be responsible to any one for the manner in which this power is lo be wielded. These twelve bank directors are to be clothed with the power of making money scarce or plenty throughout tho Union, and thereby of fixing the price of property ns they may see fit at any given period.

They may make the rich man today a beggar to-morrow; and the pennylcss specula-tor is by the same magical power in an equal length of lime converted into a rich nabob. All thit) comes out of the toil, labor and sweat of the producing classes of society. All that is wanting lo make an exclusive paper money currency is a National Bank. Give ihe State bunks this, and they will become tho supple tools of the federal corporation, and bank upon its notes; as they always did when this insii-tu ion was in existence. Such an institution would effectually banish gold and silver from the as it always has done, und give a full swing to the corrupt shinplaster banks and corporations, Is such an institution republican? Is there any republicanism in placing such a power iri the hand-of twelve irresponsible men.

It 'vould be monstrous to confide it to a government, elected by, and responsible to the people. How much more so in the hands of men ovei whom the people can have no control! Is not such an institution the verv essence of federalism and arbitrary poer? What greater power would the most absolute despot re-quire? Can there in the nature of things be a more despotic power than that whjch can at will fix the price of property and the wages of labor? And does any one doubt that those can and will do this, who control and dictate the amount of the circula ting medium? By making money plenty they en hauce prices, and by making it scarce they depress prices anil produce calamity and ruin. It is a part of the history of banking in Europe and this country, that these results are continually brought about to enable bank managers and their parasites to grow rieli by buying at low prices and selling at high. Thus these men amass princely fortunes by plundering the working and producing classes of society, or somebody must work lor every man property, although tho pofsessor may obtain it by direct or indirect plunder. To make this system of policy perfect in the U.

States, nothing is required but a National bank. This ia the grand object of Mr. Clay and the whig party, as we are informed by their oracles. Such are the principles of the whig party, and such their claim to the proud distinction of republicans. Their fundamental doctrines consist in plundering and tax-irg the many for the benefit of the few.

Whiggery is a sort of grand national by which the working and producing portion of society is required to contribute half its wages to build up a scrub aristocracy out of the lazy and idle. Bonnet styles Mr. Clay an intellectual loafer, and to him belongs the honor of inventing the great schemes of national loafing, called tho American System, which is nothing elue than loafing on on fourteen millions of people to enrich a few thousand. Frcru the (Holly Spriugs) Republican. Coitkevillk, 2-1 ill May, 1839.

Friend Howe: I write lo inform you, that, in Yalobusha, the lids of popular indignation towards all who violated the known will of the people in relation to bank monopolies and "chartered nadu" is rolling mountain high. Members of the last Legislature, whether "avowed whigs" or "professed democrats," will be held accountable at ihe ballot box for their doings upon the subject ofshiuplasters whenever an opportunity presents itself. At a re cent election for Colonel in this county, we discover symptoms of resentment, which are only premonitory to those thai will be exhibited in this pari of the Stale; in the lall. The democrats begin to see the necessity of an adherance to principle in their Votes regardless of personal predilections, and in November, Yalobusha will stand erect. A full County Ticket will soon be agreed upon, und we apprehend no danger from splits.

The people are determined they will hereafter select with careful-est scrutiny, their public servants, and not permit presuming men, whose sole object in obtaining a teat in ihe Legislature is to benefit themselves pecuniarily and advance the interests of personal Again, they are not contineu to ianu of New York, but are allowed to embrace village lots, or wild lauds, from Maine to Florida. In this wav the capital stock is soon (lisiriouieu, i nc orders of the stock then take it to markei, and either borrow money upon it, or Fell it on speculation, holding out the most extravagant promises of enor-inous profits and dividends to the unsuspecting purchasers. The certificates of stock and the bonds of the association go into the stock exchange, and oro subjected to the operations of all those cunning devices which have rendered stock-jobbing odious in Europ and in this country. Meantime the association, with its mortgages and other smiritieS'received in exchange for its certificates of stock and bonds, in carrying on another and parallel course of operation. It borrows money when needed, upon its securities.

This money employs in exchanges and discounts. It must be miserably deficient in credit, if it do not receive considerable amounts on deposit. With this fund also it operates. Possibly some of its bonds, paya hie at long dates, may suflice to raise temporary loans. Il becomes the centre and engine of every kind of speculation and illegitimate money opera tion, and the ingenuity of its directors must be small indeed, if a sufficient amount be not derived, either from the credulity of the public, or the necessities of its customers, lo afford respectable dividends to the holders of its stocks.

All these operations may be conducted under the much praised banking law of 1S38, without pledging a dollar wiih the Comptroller, or issuing a sin gle bank bill. And, as we have seen, oldie capital, reported by the Comptroller on the 3d of January last, $10,716,185 is employed in this anner, and only $1,592,990 applied to the ostensible purposes of the act, to wit, a paper circulation. We endorse the following article with a great deal of pleasure, as we know intimately thegentle-men appointed: Bank Commissioners. The legislature having failed at its last session to elect Bank Commissioners, the duty of filling the vacancies necessarily devolved upon the Governor. He has appointed ihe following gentlemen for this important and responsible station: Gen.

Charles M. Price, of Jackson; Hon. Basil C. Ilarley. of Maishall county; Francis Leech, of this city.

i he appointments are excellent ones, and such as must meet the approbation of all parties Gen. Price is well known throughout the State. He is a gentleman of fine talents and of the most irreproachable character. Mr. Ilarley is one of the most popular men of his county, and is universally esteemed wherever he is known.

Mr. Leech, we know, is admirabl qualified for the station. He possesses a strong discriminating mind, which has been well cultivated. The subject of banking, he has made his study, and there are but few men among us as weil versed in il as he is. He uctcd as Receiver of public monies at this place for some lime, and discharged the duties of the office with the utmost promptness and fidelity; and wiihal, he is a fine writer, a man of the best business habits, high-minded, honorable, and strict in the discharge of all his social duties.

We speak from personal knowledge, and do not exaggerrte when we say, ihat no man in the Slate is better fitted to fill the station to which he has been called by the Executive. Mr. Leech, we Understand, has accepted the ollice. and it is presumed, the other two gentlemen also have. They will enter upon the discharge of their duties as early as practicable.

Columbus Democrat. FROM THE COLUMBUS DEMOCRAT. Obituary Il is with di'ep regret that we have to announce the death of DR. UAIIIIY W. BENSON, Secretary of Stale.

He died in this city, at ihe residence of Major Richard Barry on Tuesday-last, the 11th inst. Dr. Benson had long beeen laboring under a pulmonary affliction He visited the island of Cuba lasl winter with ihe hope of re-cruting his impaired consti'ution, and he returned this spring apparently relieved; but the fatal disease had become too deeply seated to be removed, and within a few weeks after his return to the bosom of his wife and friends, il carried him off' He was buried on Wednesday ai-i, with, masonic hon ors. Dr. Benson was elected Secretary of Slate in 1835, and re-elected 1537 by an overwhelming vole.

He was one of our most estimable and popular citizens no man enjoyed the confidence and esteem of all in a higher degree than he did. But we forbear to say more of the deceased. We must leave il some friend, longer and more intimately acquainted wiih him than we were, lo draw up a sketch of his life and character. His loss will be deeply lamented throughout the stale. Upon learning the death of Dr.

Benson, the Columbus Lodge held a meeting, and adopted the following resolutions: COLUMBUS LODGE, No. 5, June 13th, 1839. At a meeting of the Columbus Lodge, So. 5, on the 12th of June 1S39, which had onvened on hearing the melancholy intelligence of the death of brother Barry W. Benson, the following resolutions were adopted: llesolced, That we deeply deplore the untimely death of our highly esteemed brother, Barry W.

Benson, who, as a public officer, filled one of the fiirst stations of the stale for a number of years wiih honor to himself, and with the full and abiding confidence of his fellow-cittizens; and, as a man, his high moral woith, warm and kind feelings, have endeared him to numerous friends and a large circle of acquaintances. Resolved, That as a testimony of our respect for our departed Brother, we will attend his funeral in a body this morning from the residence of Major R. Barry, his father-in-law; and that the members of this Lodge will wear the usual badge of mourning for the space of thirty days. Iiesolved, That the Secretary of this Lodge, be instructed to forward a copy of'these resolutions to the mother and widow of our deceased Brother, with assurances of our sincere and deep comrrlis-serarion at their irreparable loss. Iiesolved, That these resolutions be published in the papers of Columbus.

Extract from the minutes, A. S. Pfister, Scc'ry. After a long and devotional servitude to the country of his adoption, and we believe without a single feeling of enmity or prejudice from any individual of any party, the Hon. M.

Hunt has relumed lothc United Slates on a visit to his friends, and viceismuci FRIDAY MORNING, JUNK 28. (CWe are authorized to announce ROBERT R. WILLIAMS, us candidate fur Alitor of Wgrrcn county. EWe are authorized to announce HENIl If GREEN a a date for Clerk of the Circuit Couit of Warren Conn-ly at the November Election. (Tf'We are authorized to announce in a candidate for Chancellor of the Stale.

ANDERSON HUTCHINSON, of Raymond. We are authorized to announce ROBERT II. I3UCK-NEJl as a candidate for the cilice of Chancellor of the Stale of Mississippi, at the next I etion. OCf- We are requested to annniAire D. DOWNS a a candidate for re-election to the office of Circuit Court Clerk of Warren County at Ilia next November election are authorized to announce Col.

E. G. COOK at a candidate for the office of Clerk of the Circuit Court of Warren County. (T7 We are authorized to announce RICHARD R. RANDOLPH, as a candidate for the office of Clork of the Circuit Court of Warren County.

notice to funscRiBEit8, uieven ci our daily subscribers in Vicksburg will find their pa pers discontinued from and after this day until they pay up and advance for iho next six months. On the first of August we will commence lopping offcountry delinquents. The Diana arrived yesterday morning at forty minuci past six, A. from New Orleans, having left on Tuesday at 0 M. This is believed to be the shortest trip ever made.

She brings no news of intercBt. The Dr. BukDV of hb United States. There is perhaps not a chartered seat of learning from the University to the county Academy, no matter how richly endowed, how carefully conducted by influential trustees and learned faculties, but lias hud ils period of disaster, ils revolts, rebellions und decline and fall. Rut foi upwards of thirty three years, the Academy of Mr.

John McLeod in. Washington City lias had an onward march. Without the adventitious aid of Legislative enactment, public und private donations, he has maintained through all reverses of panics, pressures and the whims of parents and guardians, the most flourishing school perhaps ever known in the United Slates; and even now when the sorrows of seventy winters have blenched his prolific head, he numbers one hundred and seventy pupils in his charge. We have no doubt that the day he retires from his laborious profession he will discharge as many students as he ever numbered on his "roll," in the prime ana vigor ol his lilo and usefulness. We extract the following flattering notice of his lust commence- merit from the lialiinmre Sun.

Columbian Academy. The commencement of this flourishing seminary, located in Washington City, which numbers about one hundred and seventy pupils, was held on Friday afternoon, in a pavilion erected for the occasion, and handsomely decorated with arches and wreaths, in a Vacant lot near the scitdeiny. It must have been a gratifying and beautiful eight. The Intelligencer states that there were no less than one thousand spectators and auditors present, among them were the ladies of the Washington Orphan Asylum, the Itev. 0.

B. Brown, Gen. Van. Ness, and oilier gentlemen, who seemed to teke a lively interest in the moral spectacle before them. Premiums of books, silver luedultt, and crowns of merit, were liberally distributed by the veteran principal of the acrid-emy, to the most deserving of his pupils.

We understand that in the present number of Mr. Mc Leod's scholars there are no less than 28 young persons whose parents were also pupils of Mr. Mc Leod. The Ukion Bank TlieMississippiuti is taking the hide off this store House of fraud and iniquity, and the big thief and degraded rowdy who igno-rantly assumes 1 1 direct its energies. We wish we had spwee enough to republish iho scattering exposure which the able and independent labors of the Mississippian have produced.

During our absence we have left orders to draw freely on the columns of the Mississippian; and by our return it is to be hoped that the vile gang of swindlers who have dared to rob tho Slate by the issuing of Post hotcs, will be ready for the penetenliary. IlkltNANDo Free Press State Rights is the title of a new paper just established in the flourishing town of Hernando, De Soto tounty, edited by M. F. Labaure. The first num.

ber is on our table and is a very respectable specimen of the typographic art. We have the pleasure of Mr. LY, acquaintance-, and have no doubt but under his control, the Free Press will render essential service to the good cause in the northern part of the State. The first number is ably put forth. 1 nomas Land of Holmes county, one of the managers of the Union Bank, died at New Or-leans on his way from Cuba.

The deceased had been in delicate health for a long time, and had Visited Cuba in hopes of restoration. From the Mississippi an. WHIG PRINCIPLES. We arc amused to see several of the whig presses gravely exclaim that the whigs can, in truth, tlairn to be republicans, and to belong to the party advocating republicanism. 1 et us see what princi-pi 8 this federal, hoco poco whig party advocate, ihat we may determine hether they have any republican tendency.

In the first place, they are in favor of a high tariff upon foreign goods and products, which amounts to a lax often equal to the origimdeostof these products, levied for the express benefit of the manufacturers. This is imposing an enormous tax upon the whole country, upon fourteen millions of people for the benefit of a few hundred rich capitalists sifd overgrown manufacturers. It operates unequally UJipn the Union al-p, compelling the southern A fellow by the name of O'Rourke, who travels through the counlrvas a general fighter, with three ponies equally remarkable for their agility, was ac costed and robbed by some women and children be tween this and Grenada yesterday. Yours etc. Calimus.

Fro.n the New York Era. GENERAL BANKING LAWAND THE MODUS OPERANDI UNDER IT. During the last session of the last Legislature, the Federalists a3 a party cast asido much of their previous hypocrisy and non-commitalism. Self- confident in a permanent ascendency lobe maintained by frauds by which they were prepared to mul tiply lo any required exlent, they deemed it perlecl- ly safe to cast off their conventionil attire which they had so long worn to conceal their native politi cal deformity, and unblushingly exhibit their true claims upon popular confidence. Un that denuding occasion several reputed Demo crats were pleased and active participators, without whose countenance disrobed federalism could have achieved nothing more than the exhibition of the vampire spirit of ancient toryism animating the body corporate of modern whiggery.

1 hey have made it abundantly appear that their general banking law was intended merely as a "tub thrown out to catch the whale." Instead of amending its manifestly defective provisions, they industriously set themselves to work at renewing, after the old fashion, the charters of expiring banks. They were, at the time of the passage of the free banking act, ihe same friends of the close charter system, that their acts in ihe cases of the Long Island and Rochester hank charters now evidently proclaim them to be. It was merely a nominal concession to the progress of democratic opinions, which, in accordance with their disguised policy, they them deemed it expedient to make at the time taking a world of care, however, to retain as much of the spirit of restriction and monopoly as they could, while they conceded the form of free bank-ing. In this they succeeded. By this act an honest man is compelled to accumulate capital to ihe amount of one hundred thousand dollars before he can deal in exchange, receive deposits or buy and sell bullion, while the rogue, by filing certain form al certificates, and announcing a capital stock of $100,000 or more, "shall have power to carry on ihb business of banking," ''with such incidental powers as shall be necessary lo carry on such mid all this he can do without pledging any securities, or paying in' ony money or other real capital, provided his institution issue none of its own uolee as money.

The working of the whole system is discussed and its specious character ably' exposed in the pre sent May number of the Democratic Review, to which we most especially invite the attention of our readers. We append the following extract from that Review to show in a familiar style the scope and actual operation of this law which, the writer says, instead of being called an act to authorise free banking, may more properly be designated an act to encourage the accumulation of capital so as to monopolise and control exchanges. "In the first place, the stockholders in these institutions are generally persons in want of money themselves, and not capitalists able to loan money. Foremost in the class are speculators in real estate, jobbers in fancy stocks, and merchants of questionable credit. It would naturally be supposed that persons of this inscription should be excluded, by the restric-lions of any sound banking law, from taking the lead in conducting money affairs; but the provisions of the act seem to have been expressly contrived for the benefit and advantage of this suspicious classi The first step is, lo setllo Upon articles of asso-ciation among themselves, in which they generally provide for the continuance of ihe association for at least half a century, and for a prospective capital of Irom iwenly-hve to Iilty millions of dollars.

When these particulars have been arranged, a certificate, accoiding to the act, is filed with the county clerk, and another with the Secretary of the Stale. The association then becomes a bank, in due form, under the provisions of the act, with every advantage except ihe right to issue its own notes at money. And here is lo be observed, ihat the issuing of its own notes is by no means a profitable or desirable branch of the business of such an association. As soon as the certificate is duly filed a pompous advertisement appears in the newspapers, selling foath the title and 6tyle of ihe new bank, its officers and directors, and uuch portions of its articles ol association as may be calculated lo attract public attention, and capitalists or owners of real estate are invited to subscribe to the stock. Here opens the field for the operation of speculators.

It is not necessary that any money should be paid in by the stockholders. Bonds and mortgages on over-valued real estate, fancy stocks, and securities of all sorts, come before the board of directors, to be transferred to the biik in exchange for certificates of stock, or the bonds of the association. Of ihe value of these securities; the directors are the solo judges. Nerher the Comptroller, nor any-other public oflicer, is entitled lo exercise ony supervision over the nature of the securities thus receivedi Moreover, it generally happens that the directors themselves hav kindred interests with the applicants. They are all common owners of the fancy lots in some village, or somo section of a city, and have a common interest in exaggerating.