Southern Galaxy from Natchez, Mississippi • Page 2

OUT -N- AIifA 138 .1 t.nairman. a bill t( a.ni.. tin In UV Mr Sec. 2. further enacted, i'hat all the Hg)iiilrivieimmiioUics' Jond franchises, held and' enjoyed by fn white iiereons, mliabitants of tliri.

srtid state, be, and the sinie are lrehy given, grantf ed, and to thesatd pcrsoe called jwdiant, iw DOtlnrtnrv ''l4r counties of 'Madison and Ilii-. ft! 1 ti i ---via. nan there a school boy, to whom the fact li not a notorious a9 the whipping-post, that the annual dividend on Bank stock is from twelve to fifteen per cent, In I82U, It "was acvenUcn per cent. We are told by a s'ockhoblcr, sitting btfore while we put down the fact, that the etni-anitunl dividend of July lat, was at the rate of thirteen per cent. Why, then, this attempt, under the imposing name of "A Director, to mislead the public I44 We pause for a i cruuie.a out to author r-nr M.

I i A TUDLlC Service will be pcrfonn-d in Trinity Ghurcfe, on Sunday morning next, at the usu. lliour, by the Rev. Mr. 1'orter. orJoniah ll I gry a bill to authorise tlie nuard7ai I r.or "e-irs oi uavm Lr, dec tr 7 mi- Mr.

Bouldco luisaiven 7 fineenth inttant, preset a bill, provin ''m tw election of Senators to Con arid their decondants, in as tun ana nmpica nwiinvr wtme con he dor bact ofthe Gciural Aj- eembly. r. Sec. 3. flelit further enacted, Tll all the laws, statutes anrj ordinances, notf in Icyce in the stats of, Mississippi; be andtlie wma fire hereby declared to have full force, powej; and operation, over the r' person fnd properly of, and within tho territory now occupied by the Sec.

Be it further enacted, -That alLmam- The first raco-was between Col. Bin jnman's Henry Clay and Mr. GirmdYs Sfiytoet Henry Clay but two years old arid one of the" most pnfect modeller a howe we have seen for many a day. Oii this occasion ho pry ved himself worthy of his illustrious name. SocfrVs pitted against him -aye, the Vcnician Jew, who'loercd a wicked eye upon the "forfeit of the Hal, truVto his uiidaunt-cd he" walked ground conscious of his powers certain xf Victory After locking with his adversary for tho first three hundred yards, JIul shook tnejilust of his fqct tipon hls'Jewish and waf troubled with him no.

Next in oourse for the lauril of tho Ilippodtotnus, were Mr. Chambers' the Virginia Wy Jldains This was the most intensely iuferesting race of the Both had before measured the course, but the speed of neither bad been called in requisitinn. At about two otclock the fair combatants were brought upon the ground, and more, beautiful pt symmetry and muscle we never before bc-held. JUothwerc in first rate order. Lady Adonis pacd the track with much fretfulncss and levity of character, throwing her 'eagle-eye rapidly around, "as if impatient for the contest.

Rebecca, ws calm, yet firm, and surveyed the field of victory 'a special tax AdamJ couVV tlie poor me, a hill to inrr. rfit of Hiram Lodge J. 0. mcorl gesi inatrimohial conhextionsj or associations enter; ed into, by urUte of anv usage or custom of said. In- -GlTANI STATE" DUDIILK.

t4Parturiunt monies, nibcitur ridiculus inns. It appears that Bill has been presented tot.he Legislaturej for die incorporation of a "Grand State Bankf with a enpi-tal of Utrec millions of dollars, two-thirds of which are to be owned by die state. We scarcely know whether mortifica-tion or aslouishmcut should predominate in view of this iu-telUgence. We should feel ashamed, if could belieyc the Legislature of Mississippi contemplated the project with seriousness. If they do but jest, we should be astounded at such a degree of levity upon a subject so fraught with iin-, portanee to the people.

We will endeavor to examine it with seriousness. sv Apart from the sacrifice tf public faith in tho jmssage of Resolution for a committee of three to wocurp for tho houseOn moiioS 3 strike his name from Judicial "nofMr.Eij,. i rr" Ulliriar- ana t. tliat of Mr. Peyton On dians, and by them ucctneu vaiiu, oe, ana ntesamc are hereby declared fo be.aa binding and obligatory oslf the ktirie had been solemn izedLaccqrding' to the laws of this 's 5 vJc it further enacted "Tint any person motion Mr.

for tlie Judiciary cnrntnitn 0 enou Vi rcy ofmendin, THE BANK QUESTION, In Iho "Watches" of last Saturday, there appeared a communication, under the signature of "A Director," purporting, If we rightly understand it, to be a reply to the "general arguments in favor of a Branch Dank. We are not about to rejoin in detail that will be done from another source. We will endeavor to dispose of the leading points In a few words! We might, -with entire safety, admit nearly all "A Director has said, for it has but little to do with the actual point in issue between the people ami the uiistocracy. Three-fourths of his communication are taken up with an explanation of the monied operations of the present Bank. It is a matter of little moment note to know what ojK-rations have produced" certain results by what chain the cause iB connected with the ejfect of which we complain.

Itisal sufficient to know, that the cjf'ert itself is oppressive teriovs RUINOUS. To begin where "A Ditcctor ciuls. -To remove the pre" vailing impression in relation to the real object of establishing, ft this time, an Office of Discount and Depositea Vicksburg, 44 A Director says, that 44H is in compliance with a pledge, given, in April last, by the iVesident of the Bunk, to the committee, who memorialized the Bank upon the The pledge, referred to, is contained in a letter from the President of the Bank to that committee, (See Jour. tre or persons who shall assume on htm or. themselves', and exercise in anv manner' whntcver, theoftice of wiUi.

lofty dignity; distance wa a single dash of theBill and the Impossibility of raising a( subscription (ott mile) and for a thousand dollars Tho slihtest mis Chief, Mingo, Jleatj man, or oilier, pstoC potVQr, estaidjaiicd by the tribal statutes ordiiruncci or customs, of the said Indians, and not particularly recognised by the Inws of this state; ahallnVconviction take inibt change the fate of tbe'battte. The 'friends to each, however) were, sanguine to the 1.61 moment, ilnd bets rai HA uiu imecommiffee. to encyoftakingtaxteVL propriattng them to county purposes-if ff gratTenrted, same com; of cotnpdlinj COfls, make returns of executions inthree tied by Mr. Boulden (0 'wine cum. of consolidating tlie 3-1 jZ cham ery district into one districiof3lr the amount of stock, proposed, we would ask the Legislature, and without disrespect, at what lime they think 4he bastard would be able to walk? And what would be the term of its sickly existence, from the periot of ata illicit creation? We will endeavor to answer these tjuesUons, in literal language.

parsed freely At length the w'orrl was given 4 fip' Re. upon indictnientor presentment, before, court of becea had the track, but Larry Adams, gathering like light-ning, "dashed across, and for a moment led the Rebecca, coinjietent jurisuieuon, ue iiueu in any sum not exceeding oue thousand dollars, and be imprisoned any time not exceeding twelve months, at the discrc-' as if in. contempt for suChlaudacity, and to give the knowing -r; a- on (v, m.in'u mil lU'i- It would require, at least, two to take up tbe and to erect the necessary buildings for We will admit," that the institution would be ready for business in Januarys 1832. present Bank would theu stie wit an junction against the '''grand bankf and close its door. In ones slight specimen of her extraordinary powers tion of the1 court Ijeforc whom convictioal, rmiy be at a respectful distance around her adversary, and rsumed the track! sIt was one at the most splendid movements of Sec, C.

Beit qrther enacted, -Tha Uie bou IgrafTenned--of Mr; Jtunnels that, the erk ntsh.thc printer eachdav with a iourr.nl July following a motion would be made in Chancery, to dis the Course we ever witnessed, and was executed "witlicompa-rati' ease. Ijadu Adams made a gallant effort to retrieve dalles Specified in the act entitled "An act to extend legal process into that part'of tho state now occupied inrs ff Air. FT. lhat cf.l.i m. solve the injunction.

The Chancellor would hot be inclined to give a decree in a case of so much importance withou1 the disaster it was worthy of her but stfe contended with fearful odds. Rebecca, under an easy rein, bore off the lau by tlie Chickasaw aud Chocktaw tribes of parsed February 4th, 1829 shall be construed as to rel of triumph. Time, I m. 5 Is. make all legal process returnable, as by that act re the maturest deliberation.

Be that as it may, by a little management of counsel, either by an application for leave to amend the Bill, or for a rehearing, the injunction would, in al1 probability, remain in force until the following January pcdicncy amemW stray Melri AIsburj-Qf 3Ir. Fsnsh, com, on expediency of granting a lottery to sruct a road between Liberty and Fort Mm com. Messrs and lgaffenried--fjj Mr. Land for select com. oo expediency of ameni inir election laws so as to provide a mod "Heigh! ho! said a susceptible old bachelor when two quired.

A resolution was introduced by Mr. Montgomc lovely girls, with equal accomplishments and personal beauty, (1833.) Suppose the question to be then decided hy the come in competition, who who the deuce ca.i tell which to ry, ihat a committee be appointed to enquire into tlie expediencey of providing by law, that Justices nfjhe IV-Hce give bond aud securityfor the faithful Chancellor, no matter in whose favor, it would, as a matter love best." bo in the race we have jut o--iibrl. VW of course, be taken up to the Supreme, Court. A could have awarded ii garland to each but if they mu.t performance the duties, of and ing spurious ballots: com. Messrs Land.

CreS i Horn, Fqx.ahd Qf Mr. BouWen, ait 1 com. to revise road laws, and if necessary report 1 from that tribunal, might be expected in the following July. need compare their powers, one must be triumphant. Now suppose the "grand iawfc" should be sustained, it Messrs Montgtunery, Creatli, and rox werciap tM'imed.

would not again get fairly under way until about the com JOCK F.V CLU KAC KS, over the Pharsalia Course, (Nau No oilier business of a general character was in- cher, commented on Wednesday, 30th December. trod 'cetl on Wednesday. mencement of tho year 183-1. Now this is not only the possible, but the probable course that would be pursued. And what, we ak, is to sustain, during that time, the interests of First day, four mile heats, for a pur M' four en" The votfs for (overnor and Lieuteuant Gover trances, at $U0 each Mr.

Chambers b. Kaorite, by Charles, 3 years old, I I Maj. B.bb's b. Napoleon, by this community under an enormous and accumulating load of embarrassment? Ostar, 4 yeais obi, 2 2 Mr. Miller's s.

h. Bucephaius, by We will, however, imagine the grand ba nk in opera tion Timoieon, 5 years old, distanced Mr. I'erkins br. h. Te- cuinseh, by Virginian, 6 years old, distanced.

had we millions we would venture them, that, in collision with the existing bank, the incorporation would be bankrupt in two years. Then for the blessings of a Kentucky Commonwealth paper. Ho. Rep. 1828-0, p.

53-4,) showing, very conclusively, by the documents accompa.iying it, that the business of that place would not then justify the measure; but, if it should increase, says the "pledge? in the ratio with the increase of the few last years, the Bank will ultimately comply with the prayer of the memorialists. Now it strikes us, as being somewhat singular, that during a very sickly season under a depreciated and declining value of our great staple a general stagnation of commerce in every direction around us, and the most frightful embarrassments pervading the whole country we say, that, under such circumstances, it is indeed maTvellous, that the business of Vicksburg should have increased, with such wonderful rapidity, as to justify a measure now, that was considered, eight months ago, as most decidedly inexpedient. It may, nevertheless, be so this is an age of wonders. By the by, we shall have no better opportunity, than the present, to say to all concerned, that it is not intended, by the rarent Bank, to discount, at the contemplated Branch at Vicksburg, a single dollar of accommodation paper. The operations will be confined to business paper and exchange.

"The capital of tne Batik continues "A Director, tea' increased, in March last, ot'er $200,000." We do not pretend to say, that this statement was intended to deceive the public but tins much we do say, it is most culpably ambiguous. The truth of the matter is this; when the charter of the Bank was renewed, it will be recollected, that the capital stock was increased to $900,000. The whole amount was taken up; but through the inability of some of tboftock-holJersto meet their payments, stock, to the amount of was transferred back to the Bank. In March last, this stock was resold. This is the manner in which the capital stock of the Bank has been "increased The amount of capital is no greater now than it was, nominaZy, ten year ago.

Alluding to the rate of exchange, late in the spring, tlA Director" jnys "At that period, the Bank generally advances a'perccnt. on its checks, not for the sake of profit -but for the puri ose of restraining the demand." This is a downright insult upon the common sense of the commonest Who knows better than the Directory ot the Dank, that, at the season alluded to, merchants and others travelling north, must have these checks. It matters not whether the premium be one or one and a half per cent. buy they must, and, in so doing, they are left to the mercy Second heat, Napoleon took die lead and kept it in hand, some style for three when his jockey mistaking the heat, supposed his task performed and drew up he discovered his error, but too latej insjead of beioii general system oi roaa, unugeand lerry laws-cox Messrs Bouldcn arsh and DegraSenrei. y- Saturday, Jmtarj-9.

The Indian bill of Mr. Haile, passed to day, ari out amendment: several amendments were offerd. which I think should have been agreed to; and I have no doubt it would have been done, hzd cottis friends of the measure embanassraeots to tlie main design. One amendment premled bt MrUVebherwui to debar the Indians the pmifei of exercising jlie elective franchise, and from beq enumerated in the apportionment cf State Setatc and Representativesw-another, by Mr. Peyton, fc prevent them from serving as jarors another ij Mr.

New. giving tbeCiovemor the power to suspe its operations vhene-er he may deem it expoJies and anotlter by Mr Dunbar, "that i.fth' active suspended for six months if er tit p-issace Titl ill pissed without ait senting voice, aad is now lefrc Ihe Senate. Reports of Committers. By Mr. man, a bill to enable Marcus D.

Shelby to stH rei But we will not waste words. Can the Legislature for a III advaiicjpwhi! W--was, when he parsed die ttand, he moment imagine, that the enormous sum of three millions of dollars would be subscribed and actually naid in firir fo'und himself an hundred yards in the rear and another of a Bank, founded- i or Uie duration of.it rsrerice, and still more uncertain of successful opera nor wrrc coununl yesterday, (Thursday,) in. Joint meeting; it appears that Brandon receivced 7006 vo'es, Wincln-ster, 3764. Majority 3242. -Lieu-teiidni fiovernor Sctiit received 8941-votes.

The counting of the votes occapied a large part of the day, and tlie rending oC the document which accompanied the Mimrf jioarlvilA- remainder. Some of these documents arc of an interesting character; tlicy arc enumerated, their objects expressed in tlie message. That of John A. Quitman's projecting a plan of militia discipline is drawu up with much care and ability. The reports from tho seveial agrnits appointed in conformity to the provisions of the act creating a Board of Internal Improvement, arc various in their suggestions; but the strongest argument appears to be tliose who represent the scheme contemplated in the above mentioned act, as altogether impracticable.

Jas. Green, appoin'ed to examine the roads and water courses through Claiborne, JetTcrson, Franklin, evinces much judgment, and knowledge of practical results, in his re-loru He recommends, in lieu of the, present scheme, that the state should companies. tion Does the Legislature, even in its mast fantastic dreams, under the grossest infatuation of political superstition, enter tain the thought, that the State would be able to pay into the coffers of this Bauk, the sum of TWO MILLIONS OF DOLLARS, when she has utterly failed in the attempt to beg or to borrow the paltry sum of two hundred Viousand? It is mile to run; he set hard to work, but a nag from the loins of Sir Charles was not to be beat with that advantage, Fbc won die heat by 20 feet. Time first heat, Om. 13s.

4 secoud Second day, three mile heats, for a purse of Mr Chambers' b. m. Pandora, by I'aiafox, 4 years old, 2 2 Maj. Bibb's b. h.

Napoleon, (double entrance,) I 1 Mr. I'erkins g. Blind Boy, by Palafox, 3 years old, 3 ds. Time first heat, 6m. Cs.

second 6 10. Third day, tiro mile heats, for a purse of Mr. Perkins g. g. Blind Boy, 3 years obi.

2 1 1 Mr. Mil'Cr's b. Lady Adams, by Virginian, 6 years old, 1 2 2 Maj. Bibb's b. h.

Humphries, by Sir Peter Teasle, 3 years old. 3 dist. Time first heat, in. 60s. second4 4 04 third 44 1 07.

the climax of absurdity it is downright folly. But even if this castle could, for a moment, be suspended in the air, is the public faith of Mississippi, solemnly pledged by her Legislature, to be thus recklessly trodden uuder foot? Because the letter of the law may possibly be evaded, shall the sanctity of honor be put at defiance Upon what times estate of his son Albert ShelbyBy Mr. Grarilnn, to authorise Stephen Flowers fo sell the realett of the minor heirs of deceaseo-iy Mr. Claiborne, a bill to incorporate Hit am Lodge No. 9.

Resolutions motion of Mr. Mcfion-aid. Resolted, that the Committee of Wafnl Means be instructed to inquire into the expediency of reducing the present taxation of the lands in tii stated especially that portion which lies below the have we fallen Why do we longer wonder that the faith of our State commands no respect abroad, when it ceases to be respected at home? 4. It is hinted, that tins Bill has been brought fowML to de who shall have, as a reccompense for opening good highways and removing obstructions to navigation, the privilege of exacting a reasonable toll from passengers and navigators. The report of Hugh Mc- i uwen, civil engineer for the eastern district, will give an idea of the immense expense to the state the prosecution of- the present scheme will bv He 3 1st degree of north latitude.

Considerablediscussion, at different stages, toil WM. H. CHAMBERS, of the Bank monopoly. To talk seriously about increasing 'I 71 mers. feat the resolution in relation to the Branch Bank.

Can it, then, be true, that the most appalling embarrassments, that J. J. II UGH KS, place on tlie Indian bill, but the speakers very sel the premium on. exchange to check the demand why the Bank knows, we all know that a certain amount is required calculates the expense of rendering tlircc rivers nav- have ever invaded our country, are to become the jest of our tomp doubts etistcd in rolation to the njjo of Fovonle; "icStw art) drcided kIkxiM run as a lhrw year old from nt faeu, but 1st tie doubt remain that aha onn yr oUlor. -Communicated.

Legislature? Is it that they caa behold the that amount, we repeat, must be had, whether the premium be or 2 per cent. No increase of premium can check lgable, viz. Pearl, Leaf, and Chickcsawha. The Pearl river, from the Southern extreme, of Rankin county, to tide. waters, a distance of .450 this demand.

Why, gentlemen, will raising the price of dark cloud lowering over our heads, and in their mirth, blow up this bubble to shield us from the pelting of the storm? We are but a humble individual as such, we have dom touched on the mam questions, viz: tnat of the tight and policy to pass such an act. we determined tq enforce a measure of the Lnd, that any such discussion was useless: and it was necrssary when any amendments were prevent embarrassment to its passage. -y this was the da aoDcuited for th? instaltatjoc miles, it will cost, to clear its channel, bread check the wants of the hungry? nothing to hope nothing to few but as a. ciiitea.of Mis Even after saying this much, suppose we adroit the tnith sissippi as one of the people, and in the name of the peo rir i river, irom iuonroe, rerry county, to its junction with the Chick" esawha. 137 3425 For Cliickesawha river, from Win-.

Chester to its junction with Leaf, 165- miles, "-1 3,300 ple, we demand, that, if their united voice Js not to be heard if their distress is not to be relieved, their feelings of ihe Governor and Lieutenant Governor but link other buainess 'was done. '-The" installation pbcirrtoVlock, Silas Brown, the oath of oiSce to Gov? Brandon, and theuW shall at least be spared from the insult of ridicule. Our feelings ay betray us but were the Legislature within the sound of our voice, we would say, go gentlemen, to your nor LieuL bvemor. Due and custooa-7 solemnities were observed, but as I was unfortssa mm. -t homes behold there the hand of a crinding monditolv the Thus it appears, that for tlieso three rivers, ai hand of legalized usury, filching from the pockets of your neighbors, its twenties, its fifties per cent! Behold their once debt must Re entailed on the state of 2 85, and according to my conception of the report, the im splendid estates, sold under the hammer of the Sheriff, to provements then arc very far from being permanent.

pay the last instalment of the purchase! Behold poverty The Governor, on the suggestion, we LEGISLATl'HK OF IISSISH I'l. Copy of a Utter, dated Jaktary 0, 1830. The Senatorial (flection of which I sent you the vote in my last, was without as much difficulty as was anticipated, considering its importance. An attempt was mnde, when the hour had arrived for the election to fake place, to protract it, with a view to occision'iis postponement to another dayv The scheme was ingenious in its formation, and succeeds! so fir as to prevent information going to tho Senate, that the Lower House was ready to receive hem. until the hour of three had more than half passed.

In the prosecution of it, several motions were resolutions presented, calculated to delay time, vtd so occupy the house, as to prevent the Speaker giving tire necessary trder to the Clerk. Amongst the rest, was a resolution appointing a commiltee.to bring in a hill, regulating the mode of electing a Senator, according to provision of the United Stales constitution. 'The ground of defence to this resolution was, that as the constitution says, Snalors to Congress shall' Je chosen In the rninner that respective legislatures may provide. Is necessary there should be a legislative provision on ihe subject legislative acts reqirue the sanctiorf.of the Governor, conventional rules of lie two houses of the General Assembly, without such sanctiorirdo "not constitute a suffi dent constitutional power to make it valid election. Jas'.

tircen and A. Ponquite, recommends the char ly absent, I am unable to describe them. Governor address on the occasion, he returns bs acknowledgements to his fellow cit izens for the c-tinuanec of tlietr confidence, manifested ly msie-election; lie pledges himself, to use his ke bilities admmister the government eorm ly and honestly and intimates thai when hispc-ent tenn expires be shall retire from the honors station. I Of, cotirsej the country is piled upon to look around them for successor; and which the nolitical writers owe "their state, that wfj and ruin stalking around you then answer for your measures answer to your constituents to your own conscien-ces to your God cf the assertion, which we think we have refuted what does It prove? Why, it proves "out of their own lips, will we Cndemn them" it prove? most conclusively, what we have labored for weeks to establish, namely, that the funds of the Bank, both for loans and exchange, are totally inadequate to the wants of the commurr ty. 44 To ascertain continues A Director "the actual pecuniary wants of a community, has always been a difficult matter," We have, more than once admitted the difficulty, to which writer alludes.

think, however, we can offer at least an approximation to a correct and satisfactory estimate. -Thir- price of an article depends upon the proportion, which the supply bears to the demand an abundance reduces the "price a scarcity enhances it. It is difficult, however, as we)iaY no fixed standard, to decide when an article i9 ijositity.lydear, or positively cheap we have no other tiis? relative values; that is, by cdmparingthe price o. one article that of We, will illustrate Ir rents, or the investment of capital in manufacture- or com Htcrce, yield but ix, even and eight per cent, profit, when money at interest produces twelve, fifteen 'and'twcntypt is evident that money has, from some eauae acquired a. factitious value, Now this is precisely- the case in Mississippi.

Bank acock yields anaverage of about twelve per cent. Individual nioncy lenders find abundant demand for loans at the Bank interest of ten per cent, which, in reality, is about not to mention shavers, in emergencies, re tering of companies This' mode for opening facilities for commerce and travelling, appears to be the liest. T)ne etlect of the other scheme will be avoided by it, at least. No cause of complaint can arise, It appears from the correspondence between the eecnt of the Gov ernment and Mr. tiirard of Fhiladclphia, upon tho mibject of the mat h-talked-of loan, that the faith of the State would not be considered a aurii-cient indemnity without collateral security.

On whkh round of Ue nolitical bidder dnra Mieiintinni atnndl under its operation, that the agents of government aliould examine: and sift, thoroughly and indepes- have been partial to certain sections of the state, in ispensi i ig the benefits of he system 2 There LUCK. The ticket drawing the highest prize in the Ma will exist i no grounds fbt sectional sonic Hall and French Evangelical Church Lottery was raid at livery seciioo. will ve auewuea to accortung. to uie prospect of.rewardjo the companies: and no little Emerson's Temple of Fortune, to two gentlemen of this city. stream will luive lavished its improvement At the recent fire in New-Orleans about seven thousand deritly, the 'pretensions of those who stana nertt as to be, candidates, for the statu.

Doubtless men of talents Hvill present themsch, and doubtless, too; men whose pretensions' tretaf ed neHhcir upth talents nor eminent sentces. tor be hoped, that whoever is elected, he may possess goodness of heart and soundness of pr.ncipKi united with energy brcharacter, and prompt of aetiorijso necessary in an Executive ofte wholexamines into every tlunsr; and afibrds inov- anas oi dollars, mat would not convey to market merchandise worth hundreds And as the Gov-; balesof 'cotton were consumed. Five thousand bales of cotton have also been consumed ernor forcibly observes: tbe burden wiiriaH 'oa by a recent destructive fire in Glasgow. those who receive the benefits xand the saved The reasoning has plausibility in It, and probably from a vast and perhaps useless expenditure, ahdi the subiect will he revived. But all elbirts proving MR." CLAY was to leave Louisville for New-Orleans, on alize from thirty to fifty per These are the profits of unavailing to prevent the clerk receiving his order in the suggestions of his annual comrnunicatioai the profitable employment of the leg3" who wimtake the pains to present to thelegtsls the 20th Inst, (to-day.) He will mobably arrive here about to inform the Senate, tho only reliance then ielt was that, the Senate, instead of obeying jhc invitation, the last ot next week.

It is intended, by. the cidzensof kthis place, to offer some send drd lh Htne that they were not void a meet which, would require aresort to direct taxat'ionf JThe repott of Mr. Lyncli whicli is longya nd no doubt able, I lia ve no yet harj an op-portunitypf examining It is to be fp-hen that opportunity will be presenjed. vj, it -wosHefolved, That a cMrmttee be appointed to into the of alxilhliin-t tlie Coiiiitv Court sVstemz and th various and interesting subjects of slate poj arri lend them the light of his own well rcgua and lucid mind to assist them in their labors. testimony of respect, tb this distinguished individual.

He prepared to meet U)era? ,1 ms nopo was, not- zed 4 end the election ia over; it lias riejrhaps.eyentua Monday, January li- is now, a private citizen tbtre'c'an be no scruple of party oil. the 'Occasion but," in5 consideration of his" sjilendid tlalent and services he has" rendered hi i duficj an ac 4ed as iUvdui4 clono(iadt that they reporlthe result bf their deliberations as Uve life, ail nV will give him the hand of welcome; money, while rents yield less than tcven. This we think is the true criterion. Now, by an increase of medium," interest would, of necessity be reduced and when the profits on money nre reduced to a level with the profits on invested capital, then, and not till then, "are the actual wantt of die community supplied. .4 in answer to what has been said in relation to 'the Bank profits on exchange, A Director" "says "It is not the purchase of Bills on the North is made from two to seven per cent, discount.

The average Irate, for the year-) eniing on die 3 1st of December, less than 2 per cent, expenses deducted." Nw if expenses deducted, be not between 2 nd 7," then must we have a peep at the Bank arithmetic to remove our stupidity. To be serious, however what can be the writer's object in flatly con VThe Indian subject occupies a conspjcuouj place in nttAnti An jtiernhersJ JtWoJbilhi have 4jecn he will visit us'orf his passage down, or on his introduced, ooeof winch, relxiried ffrGm-corriniilteo return, has nbt been ascertained the.latter, is die lapfb pro- hahliT. 'V7v 4 i bv MrUailCi Ihaveantrexed. 1 ho other, Mr. reyton.

Ureatfa, and 31mpewieapprjinteHtneco iAtiknspialfiJ" byMn- Montgomery Vorn CD WSumrnern3 others praying an talter-ntiort in tho net. cf incorporation of Port Gibsorr. Referredf 4b Messrs, Montgomery, Gordon, and Creath. The object of the petition is to onite AkbUry, is for the object of subjecting portion SPORTS TIIE TUBErtVa haveitut a monient ehtipeniedJL-j Mr. Doulden, froraJU--zabeth Bolli, to emancipate a slave by Jvjp fromiJosiah N.

Walton and others, referred Messrs, Bell, Alsberry and New. Notkxs-Bj Mr. New, that, he will ViU wrther tdXmend the several acts and i act relating to the powers and Circuit Courts of Iaw.By Mr. Laud, a bin boUsh tlie Board of Medical Censors, and wwn rate a Medical Society. By Mr.

Ca, D. iricorporate the town of don, a bill on tho subject of education. Resolutions passed. On motion of Mr. to form a staniag committee of three toea be denomtaat "the committee on terti to devote to the fSf the -Turf.

On Friday last, the content far iune and a portion the duties of some of the minor ofSces in ono -per- the lanos occupied ry tne tjjiociaw, inocpi jnaians to legal process emanating from thocountyk of, Covington.1'. A To be "entitled An act, 4o extend the laws of the over the jfsonl and prjpper-tv of the Indians, resident within its 1 units. of an article somewhat more tubsiaatial, took placeixtween tradicting us, and acknowledging the truth of our assertion in the same breath, we know not, nor is it a matter that disturbs a muscle of our ugly phiz. We npw re-assert, what A I JVhe only business of importance acted on in the Senate yesterday was ahill introduced by Mr. Smith to provide for takinsr the census of the state.

Director knows, or ought to kuow, that Bills on the North Wilder, andMrGirjtolt, Timolina, Dis-tane, one mile and repeat. JTLtyo! tock-tkc first heat. Wilder was not put up. Bets were made against him the supposition he would fly the "track if istrained, as," it 'was thought he must be, on the second heat. He trailed the filly very prettily, until the last quarter of ft mile, when he passed 1.

Be it tjtaeted'hy the fiettate House -r L- have been purchased at 3, 4 and 5 nay, we repeat jipon authority which the gentleman dare not question, that they have been purchased SEVEN PER CENT. DISCOUNT. General Assembly convened, That from and afler Petitions presented. By Mr. Phtmmer, from citizens of Simpson, praying a resolution recommending electors to vote for a convention.

Laid on tle jma on motion ot xur. i ATVwsrS. the passage -of this act all the rights, privileges, im rv. t. i Iim ixn.l AtnTticMi ltV't iliimAil nr her and took the heat with ease.

Bet were now freely of. consist oi nve New, Pemblc, We have purposely reserved' the most singular position, of table. By Mr. Runnels H. Billingsly committed to Messrs Runnels, Fox and Land.

By Mr. ered, two to one on the horse, barring his flying the track; the communication of "A Director" for a closing remark. by tliose persons called' Indians, and their decend- den that a cosxnittce cf three tnbers bject of oembers u. subject ot' Third heat, Wilder passed Timolina at the same place as ants, and which are held by virtue of any form, of The writer has shown, very palpably, by figures, that the Boat lucrative operations of die Bank yield but 7 percent. memorial to Congress on the lands: committee.

Messrs. BouWen, leoiw; Gordon, from Marquis D. Shelby com. to Gordon, Montgomery and Plummer. Br Mr.

Grandburv, on the second heat, and left her nearly a distance behind. polity, usage or custom, existing among said persons, not particularly recognised and e3 tablished by If, in this age ot reform, this little horse could bvYeformed from Stephen Flowers, guardian of minor fcchrs. of Creatb-Of Mr. Haile, that the cornmrtt i Mr.ointlA claim of tnIMf of asserting the "JosiBg profit i be has inserted. the fact, or rather the error, in italics, to 'render it, we presume, conspicuous.

Nay, further he of some of his had habits, he would bo a choice spectmcuof the common law or statutes of tlie state of Missis i iios. Scott, dec: com. to Gracdbury, 'Fay-ton and Runnels. thetnttfum tftwrto. into the proiety to aH the land within her 1 the prjrchasoof the same upon certain conn has shown acbtal demonstration, that the Bank, by its sippi, be and the same are hereby wholly abolished and taken away.

On" Saturday, tiro sports elicited pioJ'rgiotrs excitement. the North, positi v1y loses two per cert. Now Reports of Committees. By Mr. DegTaffenrterl,.