Skip to main content
The largest online newspaper archive

Pittsburgh Post-Gazette from Pittsburgh, Pennsylvania • Page 2

Location:
Pittsburgh, Pennsylvania
Issue Date:
Page:
2
Extracted Article Text (OCR)

the laborer goes into the market with his money, as own anairs. it xenca to tue opposite ui every as men, when we speak harshly of a gentleman SPEECH OF MB. DAVIS OF MASSACHUSETTS, thing dearest to us, for the descent will carry with whom have heretofore respected so nigmy as his wages are, he will have twenty dollars to expend THE DAILY GAZETTE. ton sufficient for the manufactures of England, and, if necessary, for the whole world. It is needless to follow the details presented, but the result of a great number of statements and reports, from the best sources, showed evidently that Mr.

Hopkins. But when a public officer sinks ON THE SUB-TREASURY BILL, in tea, coffee, sugar, and the thousand necessaries which come from foreign countries; but if he goes himself so low as to neglect all the requirements I'lTTSBD KO II. it not only wages, but all the high qualities which fit us to be what we are free and independent. This is a sufficient answer to all that canine said nnon the subiect. Concluded.) into it as they will be ten dollars, under the ope SATURDAY AFTERKOOXi FEB.

2. of station and oath, and seeks to throw the people into "a scene of unparalleled ruin and disaster," and afterwards has the hardihood the ration of the new theory it is plain, therefore, that with the same amount of labor he can pur Is Sesate. Jan. 23, 1840. Ma Bucbusoham.

A letter from this distin There aie three classes of laborers: those who unblushing hardihood, to proclaim the treacherous chase but half as much foreign merchandise; in other words, it will in effect be doubled in price, while it is apparently the same. deed, the welfare of the public, and the principles produce from the earth are agriculturalists; those Such is the remedy for the disease which afflicts our country; and, while its advocates shadow forth its evils far beyond any conception of mine, if the bill be carried into effect, as has been proposed here, I must confess that I see in it nothing to soothe or relieve the public nothing to restore who convert the products of the earth into useiul ofimmutable justice, require that he should be exposed. HarrUburgh Tel. But the Senator did not stop here, for he al forms are manufacturers: and those who are enga 'guished and eloquent lectureron Egypt, the Holy Land, informs us that be will shortly visit our city, on his way westward. He has already visited the Atlantic States, from Maine to Georgia.

ged in transporting and exchanging the products of leged that, while the laborer would be in a better condition, the exporter of produce that is, cotton, scarcely any portion of the surface of India was unfit for the growth of some kinds of The great table land of Dekkan, the soil of which is formed of the debris of trap-mountains, is the cotton soil par excellence, and is suited to the gossipyium herbaceum, the indigenous cotton of India. This soil lies upon limestone. It is rich vegetable matter, and is retentive of humidity; but in hot dry weather it cracks into large It is at that season hard and clayey, and brittle, like coal. The clayey soil, so fit for the indigenous plant, is unsuited to that of America, which grows best in a light, dry, silicious soil; and as most former attempts to introduce the American, confidence, which is the great and desirable end the other classes are commercial. 1 hese great oi- From the Baltimore American.

CONGRESS. visions of mankind are founded on no law but that of civilized, social existence. In our country, at Mori Beggisg. Martin Van Buren hassent 1 1 1 1 mnVa 1 least, each and every person may pursue any or all would derive a greater profit, the measure of which would be the amount of reduction of wages and of property, as he would thus be able to produce so much cheaper. To make myself understood, I will proceed with the same supposition, Washisgtoit, Feb.

18, 1840. HOUSE OF REPRESENTATIVES. A motion was submitted this morning to re kinds of business. But experience teaches us the nothing to avert future panics nothing to stop this scramble after the gold and silver going on between us and other countries nothing that has healing power enough to revive and maintain prosperity. But, sir, much as remains to be said, I must draw to a close, as my object was merely to notice necessity of these divisions, for wool, cotton, and ceiva petitions till the 1st of March.

A motion flax, are of little value till turned into cloth, but to suspend the rules was also made and lost, that wages and property are to be reduced one-half. Then his theory is, that the cotton-planter, for ex cotton into India have been made upon the rich Ayes 90, Nays 70 two-thirds being necessary anouier message, ueggmg ior wau um, Treasury notes. This will be the fourth litteri truly Loco Foco anti-bankism is very prolific. ScfftEXK COTJftT OF THE UxiTID STATES. We find, in the National Intelligencer, the annexed notice of a case, which has excited much Interest in the North Western part of this State: ample, would produce his crop at half the present SEW JERSKT CONTESTED ELECTION.

trap soil of the country, they had necessarily failed. But the soil best adapted to American seed some leading remarks of Senators which have developed the new and extraordinary doctrines of cost, by the saving in labor and the support of it, the farmer would find it difficult to run a mill to make cloths, or to build and sail a ship to take his produce to market. From this division, too, come our markets. We must have food and clothing, and we must obtain them by an exchange of the oroducts of labor, but we cannot exchange a horse Mr Cave Johnson, submitted a motion that the Committee on elections be instructed to and consequently derive double profit. 1 hat he this Administration.

I was anxious to vindicate would produce cheaper is undeniably true; and if! is also found in India, near the coast, where the aboriginal plant does not succeed. This was roved at the various experimental farms estab have printed such matters as were necessary to en lighten the House as to what had been done in or a watch for a joint of meat or for a pair of Committee. Objections were made. lished by the East India Company, and on which shoes; such property must first be broken into Mr Camphell, Chairman of the Committee on "No. 60, Irvine, for the use of the Lumbermen's Bank of Warren, plaintiff, vs.

Nathaniel A Lowry. The argument of this cause was continued by Mr Marvin for the defendant, and concluded by Mr M'Candless for the plaintiff." parts, and this is the peculiar office and almost the Elections, stated the condition of things to the onlv use of money. It measuies the value of he should sell for the same price he now does, and bring home specie, he would realize double profits, provided his laborers are supported wholly on the products of the United States. This, however, is not the course of trade or of business. But from whence would the profits come! Not from foreign countries, for no change is to occur there, but from the pockets of every consumer of foreign goods in this country, for the change is wholly in the wages and produce of our own country.

The idea is that if wages and property sink to the rights of the great mass of the People, who acquire their support by labor, and whose interests, as lying at the basis of prosperity, 1 have at all times and on all fitting occasions espoused and maintained with whatever of ability I possess. In this, sir, I have taken great and sincere satisfaction, believing it to be the great end of our fiee Government, and the only sure means of sustaining it. In the name and in behalf of that great, powerful and enlightened class of my fellow-citizens of Massachusetts, whom I have the honor to represent, I enter my solemn protest against the doctrines here advanced; and if my voice could property, and brings it into a form suited to our convenience. This is the relation which it bears to business, and no other; and, while I admit its Resumption or Specie Paimests. We are House.

He said that the committee were not prepared to report now, it would be unsatisfactory to the House, and lead to an agitation and discussion similar to that which took place before the organi-zation. The committee, Mr Campbell stated, were divided in opinion. Four of the members were for reporting one thing, and four for reporting anoth- the American plant was growing to perfection. In order to point out the differences which existed between the various sorts of cotton in use, a diagram was exhibited, showing the various lengths of the fibres of different kinds. In many specimens of cotton, the fibre had a tape-like appearance; while in others it looked like a string of oval beads, inted at each extremity.

Some kinds were more cylindrical than others, and the Surat and Sea Island cotton is the thickest and narrowest, and the Tavoy and New Orleans flat great importance, I deny that it lies at the founda informed that a Loco Foco caucus of members of tion, and is the great regulator of the affairs of the Legislature was held at Harrisburgh a few days men, as seems here to be supposed. The friends ago, at which it was agreed that the first of Au er. lie was ior going inu tui uiuiuiwuu of this bill, I know, assume that we have an inflation, and that money rules, guides, and regulates gether one-half, the relative positions of the laborer and the owner of property are the same, for the laborer can purchase as much with one-half the reach them in their dwellings, their shops, and on whole evidence, which would take two months, and then, when the House and country were less business; when in truth, the inquiries ought to be, the decks of their vessels. I would exhort them first, how much is necessary as a circulating me excited upon this subject, for reporting the facts to the House, and leaving the House to act upon the gust should be the day for resumption. The former bill said fifteenth of February.

This is certainly a very liberal extension of the lime being five months and a half. The following notice of some remarks in the House between Mr Penniman, of Fhiladclphia county, and Mr Butler, of Luzerne, probably evidence. Mr Campbell spoke until 1 clock, when the special order of the day was called. not to be deluded by false theories leading them on to ruin, but to rouse up their energies, ami, at the ballot-box, manifest their indignation at all attempts to oppress them by diminishing their business and taxing their labor to enrich others. I would entreat them not to sit still and be made such as they see the distressed and impoverished laborers of Europe and Asia.

test and thinnest. In length of the staple, the A-merican surpasses the East India; but the latter was the finest. Some idea of the extreme minuteness of the fibre of cotton might bo formed by tho fact, that it requires 35 fibres to make the smallest thread spun at Manchester, 350 hanks of which weighed only one pound, and would measure 165 miles in length. But it has been shown, that the natives of India could spin thread with the hand, four of which would be required to make up tho UNITED STATES SENATE. dium, that we may know whether there is an excess; and, second, does paper necessarily create an expansion, or unnecessary enlargement of the currency, that we may judge whether it ought to be abandoned! These matters, which are assumed are precisely what ought to be proved The Senators assume as evident truth what is not apparent.

They affirm that paper becomes BLOOD HOUXDS. money, and the same amount of property will purchase as much labor as before. But the laborer will, at the end of any given period, have but half as much money, and the same amount of property will be worth but half as much, consequently, all-the surplus gains of the farmer, mechanic, manu facturer, and laborer, will be but half what they now are, in nominal amount. If property in foreign countries should descend in the same ratio, the most that could be said of our condition is that it is no worse, for it is obvious'y no better. But if we descend while they remain stationary, and a profit is thence gained to the exporter, nothing is plainer than that such piofit is drawn from the Mr.

Benton. Chairman of the Committee of explains the secret of this extraordinary liberal Military Affairs, made a request last evening to be discharged from the consideration of the memo ity on the part of the Anti-Bank men. Mr Butler is that sensible Loco Foco, who vo -otes. The statistics referred to in the remarks of Mr. bulk of one made by machinery at Manchester.

redundant, excessive, and inflated. But they do not attempt to establish the fact by any proof. Since the 1st of January, 1838, our circulation has orrgn paper. ted for the former bill, because he approved the principle but disapproved the details. Daris, are contained in Porter's Progress of the Nations, and Wade's History of the Middle and Working Classes, two recent and respectable authorities, relying for the correctness of the facts not much exceeded one hundred millions; it may, at some periods have reached one hundred and FOURTH PROOF FRENCH BRANDY.

At M'Kenna'a Commercial Auction Rooms, twenty, inclusive of metal and paper. Is this ex "Bank Borers. Mr Penniman, of the county, the fearless champion of genuine anti-bankism in the House, yesterday, stated in his place that there consumer of foreign merchandise, as it will take twice as much of our labor or products to buy it rials leferred to the Military committee, remonstrating against the use of blood hounds. The information received from the Secretary of War is, that the hounds have been employed, and for the purpose of hunting the Indians but the Secretary of War does not feel authorised to instruct the authorities of Florida not to employ the hounds, for the reason that they may be used to advantage. Mr Poinsett, I believe, has informed the Committee of Military Affairs that the Governor and the Territorial Authorities imported the hounds on cessive! Has it reached a point above the urgent contained in the following extracts cruelly upon the statistics collected by the British Government.

as is now required. If the theory establishes the are several bank borers, lawyers of banks, $-c, These developements show the farmer and all necessities of business for two years past! If it has, how much is enough! Some days ago I put this question to the Senate, and it remains, and hoverinsr about to influence the conduct of the fact that the exporter is to reap double profits for cotton, it establishes beyond controversy the fact also other working men the condition of the working members. He spoke with proper indignation of 63 Wood street, on Monday next, February 24th, at 2 o'clock P. will be positively sold, without reserve, by order of consignees to pay charges; those concerned will take notice of this advertisement; 9 half pipes of 4 th proof French Brandy, warranted first quality: samples can be seen any time previous to sale. Terms at sale.

P. M'KENNA, Auctioneer. Feb 22. their efforts to tamper with the representatives ol that that profit will be a tax upon every man that consumes a foreign article, and that it will be wholly drawn from their pockets. The Senator had "the people.

"Mr Butler declared himself perfectly willing that the "borers" should be here, and give the classes in Europe, and upon what limited means they subsist. It is this class of men with whom they are to run the race of cheap production, and consequently of coarse and wretched existence; for the same causes which reduce them to hopeless penury will produce like results here. If a few pence a day will not support men there, it will members information, inasmuch as they can their own responsibility. This subject, therefore, is withdrawn from the Senate for the present, and the memorials presented laid upon the table. Mr.

Sturgeon presented a memorial upon this subject this morning, which was laid upon the table. led himself into an error by supposing that foreign productions are to come to us cheaper, while our exports are to keep up where they are. He thiaks the importer sells in a market inflated by paper, and realizes an extraordinary profit. But he must FURNITURE AT AUCTION. do it better than any other people.

He thought the members from the county, might confer with them much to their profit." liar. Tel. "ILL be sold at the residence of Mr will remain, unanswered. If it can be proved that we have too much, it is not difficult to ascertain, with sufficient exactness, what amount is necessary! I desire Senators to make known the process by which they arrive at their conclusions in so vitaly an important matter. They seem to take it for granted that there is no evil but expansion to fear, while nothing is more certain than that too small a circulating medium works out as great if not greater injuries than one too large.

We have heard much declamation about bloated credit, gambling, and speculation, but if the existence of all these were established at this moment, by unquestionable proof, it would have little tendency to establish the fact of excessive circulation, fail to do it here. The intelligent working man of Smith, in Liberty street, on Thursday nerceive that the low and depressed state of the United States will pauc before he precipitates himself into such irretrievable wretchedness, to cheapen the products of labor. He will inquire whether it tends to elevate or depress his race whether the privileges and hopes of a freeman the working classes in Europe proof enough that no excessive profit is obtained here upon goods none that can bear essential reduction; and that while raw cotton maintains its price, foreign morning next, ar half past 10 o'clock, his household furniture, consisting of a handsome Piano, Mahogany Wardrobe, and Tables, Dining do. Looking Glasses, Chairs, Mantel and Astral Lamps, Sofa, Carpets, These articles will be sold on accommodating terms, which will be made known at the sale. M'KENNA, feb 22 Auctioneer.

goods must also maintain theirs. In the great are utterly delusive, and end in retracing his steps to the degraded condition from which we all believ competition of trade, this idea of excessive profit Th Manhattan Bask. This great bank, with a perpetual charter, which has been a special favorite of the Administration, tit Washington, has recently got into trouble. A committee of Directors was appointed to investigate its condition; that committee made two reports, in the first of which we find the following paragraph 14 Your committee, while duly considering the Virginia Legislature and the Banks. The Virginia House of Delegates has passed a bill, by the large vote of 70 to 41, without reference to party lines, repealing the act which declares that the Banks of Virginia shall forfeit their charter by suspending specie payments; staying proceedings on executions, trust deeds and other demands in case of refusal to receive bank notes in payment, until the first day of April, 1841, at which date a resumption must take place; directing that the notes of the non-specie paying banks in Vir for they have no necessary connections, but each to the importer is fallacious; and as the notion of may exist independent of the other.

Will the Senator maintain the proposition that paper cannot and has not circulated without inflation or excessive credits in trade generally! I go a reduction is founded on it, that is also fallacious To follow out the case I have supposed: The-income of every man, except the exporter, is to be reduced one-half in the value of wages and property, while all foreign merchandise will cost the same, which will obviously, in effect, double the price, as it will take twice the amount of labor, or twice, the amount of the products of labor, to pur ask him if excess is any thing more than ginia shall continue to be received in payment of an occasional occurrence, growing out of markets quickened into activity by events rather casual than permanent! Is there any excess of paper in circumstances under which these loans were mostly made, and at a time when this institution had so large an amount of public money, and when they were urged by the Secretary of the Treasury to loan out that moneys and that in ordinary times auch loans have always been found an available resource to meet heavy and unexpected demands either from the Government or other heavy deposi taxes and debts due to the commonwealth; and that the state deposits shall continue to be made in the Banks of Virginia, with permission to the banks to make dividends not exceeding six per cent, during their suspension; thus in effect legal the usual course of business, from sound banks ed we had escaped. In his descent from his present commanding position, he may well carry with him these reflections, sit down in despair, and spurn all the dazzling theories of self-government as illusory, if they leave him to subsist on the humble diet, to grapple with the sufferings of the most desolate portion of mankind. Wages in France. Calais common laborers 7Jd. per day with board and without dwelling; Bolougne, 5d.

per day do. Nantes, 8d. per day without board and without dwelling; Marseilles, 4J. to 7d. per day with board and without dwelling.

The food in some districts "consists in rye bread, soup made of millet, cakes made of Indian corn, now and then some salt provisions and vegetables, rarely, if ever, butcher's meat." In others, "wheat bread, soup made with vegetables, and a little grease or lard twice a day, potatoes or other vegetables, but seldom butcher's meat." Sweden. "The daily wages of a skilled ag izing the suspension by their banks for more than ALLEGHENY COUNTY ss. Register's Office, Feb. 22, 1840. "VTOTICE is hereby given, to all legatees, and other persons concerned, that the undernamed Executors, Administrators, and Guardians, have filed their respective accounts in the Register's Office of said county, and that they will be presented to the Orphan's Court of said county, for confirmation and allowance, on Monday, the 23d day of March next.

The Administration account of Joseph Vankirk, surviving Executor of the estate of Samuel Vankirk, late of Elizabeth township deceased. The Administration account of Joseph Vankirk, Executor of the estate of Samuel Vankirk, jr, lato of Elizabeth township, dec. The Administration account of John Milton, acting Administrator of the estate of Thomas Brown, late of tho Borough of Birmingham, dec. a year. rsat Gaz chase it.

I do not ascribe this power to the bill, but it is enough for me that its friends do. What response will the farmers, mechanics, manufacturers, and laborers make to such a flagitious proposition! (Jan they be reconciled to such a measure of oppression? one that extorts from them the fruits of their industry to professedly enrich the planter who now enjoys a prosperity unequalled in the rest of the country! No sir, such plans of sectional aggrandizement, and such a disregard of the interests of the greatest and most powerful class of people in our country, can only excite who redeem, and are able to redeem, their paper at sight, dollar for dollar, in metal! It is not easy to see how excess ever exists under such circumstances. I can go to-day into any bank in Boston or New York, and draw out a dollar with the same amount of paper, and that dollar is as good and will buy as much, in France or Germany as any dollar there. The paper, then, is clearly worth as much as the silver, for it buys it. If the paper of banks is maintained at this value, and so redeemed at all times, it is not easy to comprehend how it is inflated, or that more is in circulation than is needed for use.

The idea of inflation presupposes some unsoundness. All money, me- riculturist are 7d. or while the unskilled ob tain no more than 3d. or and board them The Administration account of Rosanna We selves. Agriculturists in the Southern provinces ber and Nicholas Vogtly, Administrators of tho tors, yet your committee feel it to be their duty to recommend as soon as it can be done with due regard to the interests of the bank, the loans on stocks be gradually reduced, and the line of discounts on good mercantile paper be increased, and that no loans or discounts be made but by the Board of Directors of this Company." Upon which a correspondent of the New York American, makes the following remarks: "But to the reports.

The first, dated January 15, (there are two,) states how their virtue gave way. They were seduced by the Secretary of the Treasury! Oh, Lovelace Woodbury! look at Clarissa Manhattan! See where you have placed her! Hereafter, tales of woe will not exist simply in the imagination; but some future writer will furnish os with "The Seduction of the Manhattan, or the Fall of Loco Foco Virtue; a Tale of Wall street." But there is a consolation: it is not worse than if they had had to do "with discounted notes." So says the report. There is, however, so direct an averment in estate of Samuel Weber, late of Pitt township. Census for 1840. The census of the United States, to be taken during the present year, will be upon a more comprehensive plan than usual.

Hitherto it has been customary to enumerate the inhabitants only, under the several classifications of sexes, ages, colors, By the late act of Congress, for taking the census of 1840, the President of the United States was directed to cause the statistics of the country, relating to Agriculture, Manufactures, Mines, Commerce, to be collected, and also statistical information in reference to Education. The next census therefore will exhibit not only the amount of our population, but also a complete schedule of the aggregate property of the nation, ranged under different heads, and presenting at one view an accurate estimate of the vast resources ofthe United States, in all the various departments of industry, and including the numerous items of national wealth. Interrogatories, adapted to elicit information on all the topics embraced in the new plan, have been prepared to serve as formulas of statistical tab'es. Little additional labor or expense will be incurred by this enlarged system of proceeding, since the same persons who their disgust and indignation. Thus, sir, I have traced the benefits of this bill, if it have any, as interpreted by its friends, to the rich and powerful.

I have, if I mistake not, demonstrated that they are to be made richer by a tax upon their less fortunate, but more industrious and more necessitous, fellow citizens a tax that they never can and never will submit to, so long as their power can be felt through the ballot-box. But, sir, this is not all. While we are thus to have intolerable burdens loaded upon us, to add to the weight of our embarrassments, and to increase tallic as well as paperdoes and will fluctuate in value, and, if this be inflation, then gold and silver is no more exempt from it than paper. It is by no means easy to determine which fluctuates oftentimes money or property. Cotton is forfy dollars a bale to-day, to-morrow it is thirty-five, and next day forty-five; it does not follow that the cotton alone has fluctuated, or that it has fluctuated at all; for gold and silver may be so abundant as to raise the value of property, or so scarce as to live upon salt fish and potatoes; in the Northern provinces porridge and rye bread fcrai their food." Bavaria.

"Laborers are paid at the rate of 8d per day in the country" without board. Belgium. "A skilled artisan may earn in summer Is. 2d. to Is.

in winter from lOd. to Is. unskilled half as much without board, live upon rye bread, potatoes, and milk." Agricultural laborers have less. Germany Dantzig laborers 4Jd to 7d per dav our sufferings; and while the debtor portion of the Public are to be crushed and ground to dust be without board; Mulhburg, 7d per day do; Holstein; this Report, of the urgency of the Secretary of id per day without board. tween the upper and nether millstone of this process, the man of money is not only to escape unharmed, but to have his property doubled, lie who Netherlands.

South Holland laborers, 3d to 4d per day with board; North Holland, 20d per the Treasury that the Bank bubble should be blown up to its utmost tension, that I cannot but extract it here. The Committee say in terms," that "these loans" holds cash, or its equivalent in notes, bonds, or depress it. It is every day's occurrence to find gold and silver fluctuating in value, commanding at one time premium, and then none; nay under some circumstances, falling below good paper. No matter what we have for currency, there will be fluctuations in its value greatly affecting trade, as a circulating medium of uniform amount cannot be maintained any more than you can limit business to an exact amount. This all proves what seems not to be well understood, or Senators would reason differently that there is but one way to determine how much would in the usual manner be employed to take dec A supplementary Administration account of Presley Bausman, acting Executor of the estate of Dr.

Fred'k Bausman, late of St Clair dec The Administration account of Wm Thompson, James Thompson and Wm Keefer, Administrators of the estate of Geo. Thompson, late of St Clair township, dec The Administration account of James Boyd, John Boyd and James Dickey, Exrcu tors of tho estate of Robert Boyd, Esq, late of Deer township, dec The Administration account of Robert Porter, Administrator of the estate of John Porter, lata of Deer township, dec The Administration account of Walter Blythe, Administrator of the estate of Chas. II. Blythe, late of the Borough of Allegheny, etc A supplementary Administrators account of Lewis Ferree, one. of the Administrators of the estate of James M'Elheny, dec A supplementary Administration account of Gabriel Adams, Administrator of the estate of Wm Montgomery, jr, late of the city of Pittsburgh, dec The Administration account of John Nicholson and John Caldwell, Executors of the estate of Patrick Nicholson, late of the city of Pitts stocks, will be able to buy double the amount of property with it, and will therefore have its value the census of numbers, may very easily put such other questions as may be required by the present regulation.

One operation may serve to -accomplish both duties as well as one only. Bait. Amer. doubled on his hands; for, while wages and property are to go down, money is to go up in the same ratio. If the friends of this bill have given to it a true construction, it is a bill of privileges to the rich, that is, the loans on very questionable security "were mostly made at a time when the institution had so large an amount of public money, and when they were urged by the Secretary of the Treasury to loan out that money." The Globe, the Argus, and the Post, and all the other hard-money organs that rail against over-banking and excessive issues, will, it is hoped, duly note this confession of a ruined innocent, and visit with merited animadversion the wicked and heartless seducer of the Treasury." circulation is necessary.

It is impossible to ascertain how much money may le necessary for each member of the Senate, for the current year, and it day without board; Antwerp, 5d per day do; W. Flanders, 9Gs to 101s per year with board. Italy. Trieste laborers 12d per day without board; do 6d per day with board; Istria, 8d to' lOd per day without board; do 4d to 5d per day with board; Lombardy, 4d to Sd per day do; Genoa, 5d to 8d pcrday do. and without lodgings; Tuscany; 6d per day without cither.

Saxony. "In 1837 a man employed in his own loom working very diligently from Monday morning to Saturday night, from 5 o'clock in the morning until dusk, and even at times with a lamp, his wife assisting him in finishing and taking him the work, could not possibly earn more than 20 groschen about GO cents per week, but a scourge to all others. What is the debtor portion of the Public! I is equallv impossible to anticipate the wants of it so insignificant as to be disregarded. Sir, I will Decline of Anti-Bankism. When it was proposed in the House to borrow a small balance to complete the payment of interest, Mr.

Penniman, of Philadelphia, moved, that no bank, except a specie paying bank, be permitted to take the loan. This was the real essence of anti-bankery, and the reader will suppose it passed by a large majority. Not so. But fourteen could not be found to back the anti-bank suggestion of Mr. P.

venture to assert that the amount of existing in the great Public. The question is left, therefore, to be settled by the laws of trade, as all other mat debtedness in any commercial country is nearly, if not quite, equal to the value of all property in that country, whether it be rich or poor, prosperous or unprosperous, and you cannot change, to Afore Bank Frauds. There has been quite a blow up in the Manhattan Bank of New York. It seems that the following were among some of A Large Fact, and yet a Fact. The differ the extent gentlemen have supposed, the relation of debtor and creditor, or thus diminish the resources of the debtors without a crash, a was'e, and desolation such as has never been experien Nor could one who had three children aged 12 years and upwards, all working at the loom as well as himself, with his wife employed doing up the work, earn in the whole more than one dollar weekly." the loans of the bank: To Campbell P.

White, brother of the ters of business. We learn how much flour and corn and required annually by the demand for them. Just so we learn how much money is required to carry forward business, by the ability of men to buy it. So much is necessary, be the amount great or small; and, in a growing country, it would be just as wise to limit the amount of produce as the amount of monetary capital. Surely nothing can be more absurd than to attempt to determine the amount, without reference to the exigencies of the country to say that eighty millions, or any other arbitrary amount, is enough.

There is no cashier security, note of hand, $230,000 Barnabas Bates, formerly of the Post Office security, note of hand, 10,000 Tailer and White the latter his nephew security, Shares Bank of Kentucky. 500,000 ced. Suppose a man has purchased $10,000 worth of property at present prices, and given his bond for it; you reduce its value one-half, and it is worth $5,000. How is it possible that, with resources thus reduced, most debtors can burgh, dec The Administration account of Robert Cas-set, Adminstrator of the estate of George Johnston, late of the city of Pittsburgh, dec The Administration account of James Craft, Administrator of the Estate of Miltenber-ger, late of the city cf Pittsburgh, dec GUARDIAN ACCOUNTS. The Guardian account of John Guardian of Elizabeth and Mary Ferree, minor children of John Ferree, dec The Guardian account of Robert M'Cracken, Guardian of Andrew Ewing and Samuel Ewing, ence of the Earth's distance from the Sun, between the apogee and perigee of the latter, that is, when it is farthest off, or nearest to, the Earth, is three million two hundred thousand miles.

In this century the Sun is in apogee, or farthest off about 1st July, and in perigee, or nearest the Earth, on the last day of December. If then, on 1st July, a cannon ball should be discharged from the Earth, in a right line to the Sun, and go at the rate of 500 miles per hour, yet the earth, proceeding in her accustomed orbit, would be nearer than the cannon ball to the The Nashville Whig of the 10th says: "The Van Buren State Convention meets in this city to-morrow. It is rumored, though we know not upon what authority, that the Ex-Prcsident of ihe United States, Gen. Jackson, is to be placed, by this body, at the head of tho Administration Electoral Ticket for advantage to be gained by lowering the value of property, unless the same amount of labor, or the same amount of property, enables us to obtain more of the necessaries of life. This fact should, $740,000 On these loans the loss to the institution will be about $500,000.

It appears that all these loans have been made by Mr. Robert P. White, the ever pay. But, sir, you cannot maintain a state of things such as has been supposed. You may embarrass and distress us, as you have done, but this bill will, in the.

end, work out no such advantages as are anticipated for the planters. The theory contains in itself a principle that will defeat the end in view. Go on, sir, if you please, and so legislate as to bring to the cotton planters the extraordinary profits anticipated, at the expense of the other branches of industry; how long will it be Sun, on the last day of December, by a million of miles! iV. 1' 4wier. THE COTTON TRADE OF INDIA.

At a late meeting of the Asiatic Societv. a oa I minor children of Samuel Ewinar. dec 1). (JILLELAND, feb 22 dltwlt Register. RIFLES AND WATCHES AT AUCTION.

A M'Kenna's Commercial Auction Rooms, iV. No 63 Wood street, on Saturday evening next, February 22d, Books, Variety and Dry Goods; at half past 7 Rifles, fancy mounted; 1 Brass Clock, warranted a first rate time piece; 1 Gold Watch; a few Silver Watches, Terms at sale. p. M'KENNA, kb 21 Auctioneer. therefore, be first clearly established, for the process is necessarily attended with great sacrifices.

The Senator from Pennsylvania seems to understand that reducing the circulation will reduce property and wages in the same ratio. If it does, in what is our condition bettered.even if we could re-cincile to it, who would be ruined! He seems to believe that our relations in foreign trade will be improved, but I shall show him his error, and that he ought to arrive at exactly the opposite conclusion, for this theory, if carried into execution, would inflict upon the laborer as well as the owner of propeity the most injurious and oppressive consequences. He solemnly affirms, and I give him all credit for sincerity, that he believes a reduction in wages and property would be beneficial. Let us see. Suppose that wages and property will be reduced one-half by the bill that is, if wages are now a dollar a day, they will be half a dollar; and if beef and mutton are now eight cents a pound, Gas Pipes Dispensed with.

In Vienna, at present, according to a simple and perfectly secure method invented by Derionet, gas is conveyed in hermetically sealed bags, on carriages constructed for the purpose, from the manufactory to all parts of the town, daily by which the expense of laying down pipes in the street is avoided, and the article supplied to the city at a proportionably reduced rate. This plan would offer immense advantages to the companies in London and other large manufacturing cities, by saving the great cost of their miles of pipe, and the immense expense of supplying the gas to each house. Inventor's Advocate. cashier, without the knowledge oft he directors. The Preseident avers that he knew nothing of them.

This is a pet bank of Mr. Van Buren's Administration. Mr. Campbell P. White is a director who has shared largely in the spoils.

He was in Congress and brought in the celebrated gold bill. The bank was one of the active agents in securing the removal of the deposits from the United States Bank; yet notwithstanding its vast amount of deposits, it has conducted its affairs so as to be an injury instead of a benefit, being under the go-Ternment of those anti-bank gentlemen who are hostile to all institutions but those which lend them money. liar. Tel. Speaker Hopkins Confession.

Mr. Hopkins has not yet "had the nerve" to deny that he declared, in the discussion on the 1st inst, that he had oted for Mr. Snowden's bill when uhe believed its final passage Would produce a scene of unparall before that pursuit will be overloaded with till the market will be inundated with cotton, and its price fall just in the ratio you have stimulated its production! Down it will down it must, by the laws of trade, come to a level with the fall of other productions. And what will be gained by the whole process! Nothing; absolutely nothing, except that it will take more of our labor and more of our productions to buy foreign merchandise; our gain will turn literally into a loss. This is capable, I think, of demonstration, if it does not already sufficiently appear; but I have no time to enlarge, interesting and all-important as the subject is.

FOR ST LOUIS. few-. IRON Steamer, ValleT Forge, T. Baldwin, 3 iWasters. will Ipavs for thn per was read by General Briggs, "On the Cotton Trade of India." One of the principal objects of this paper was to show that the people of Hindos-tan are as capable of furnishing Europe with Cotton, as the inhabitants of North America; and that, under proper arrangements, both the quantity and quality of their produce, would fully suffice for all requirements of our manufacturers, without the necessity of our relying on the slave labor Cotton of America.

The paper began with a calculation of the quantity of Cotton actually used in dress by the natives of India. Specimens of several articles of costume were eihibited; and it was shown that the dress of the male Hindoo contained 24 square yards, and that of the female, 8 square yards, which, allowing that they were lenewed, on an average, at least once a year, the consumption would amount, among the whole population, to 374,000,000 pounds; and it might be fairly inferred, from the various other domestic uses to which Cotton was applied in India, that as much again was so employed, making a total annual consumption by the natives themselves of 750,000,000 pounds. The quantity imported into England, is from 4 to 500,000,000 pounds annually; and this is chiefly raised in America, not more than one-tenth coming from India. The question naturally arises, why should this be The causes of the supply from India, Gen. Briggs stated, were closely connected with the administration of the country; he should not further allude to them that place, but would proceed to de-monstate his position, that India might supply Cot- they will be four; and so of all the productions of What motive can we have, sir, to reduce wages Vi 7 WTl 1 1 the United States, and of all property created here.

Upon this state of facts, as things are, the laborer would have, at the expiration of twenty days' labor, twenty dollars, to provide supplies for above and'intermediate port, on Tuesday, the 25th inst, at 1 0 o'clock A M. For freight or passage, apply on board, or to feb 21 td ALLEN SON. TO BE LET. HAT commodious Dwelling situated in Dr. Black's Orchard, between Coal Lane and Wylie streets, on Grant's Hill, a good stable, carriage house, and a large yard belonging to tho premises.

Inquire at the Franklin Foundry Warehouse, Liberty street feb 20 tf ANSWER TO THE CHARADE In the Gazette of the mh inst. Rest maiden in peace in thy flowery grove, Tub. the blue vault of heaven above thee; Thou dost well to repulse the advances of love, So long as there's no one to love thee. Thy beautiful youth, like a summer's day, Unbounded delight affords: And thy joyous heart makes thy merry lav Accord with the song of the birds. But yet, fairest lady, thou wilt not delay To grant love a place in thy breast, While thy gallant knight woos thee with his And the pledge of lore on his crest.

eled RUIN AND DISASTERrom the centre to the circumference of the commonwelth" and that he "had not the nerve" to array himself "against the democracy of the House. Certain loco foco papers have ventured a denial, and have given a garbled report of the remarks of the Speaker but although we challenged him several days since, through our columns, to deny our report, he has not yet done so, well knowing that we could soon bring a mass of testimony against him before which he could not stand a moment. We repeat, that we do violence to our feelings iuo value ui Ucll U1U tile SUI1 ever shine upon a laboring people so blessed as those of our country have been! Where have they ever been able by industry to feed, clothe, and educate themselves so well! The history of the world proves nothing more certainly nothing with clearer demonstration, than that where wages are lowest there is the greatest poverty and suffering; there the condition of the laborer is most forlorn and wretched; there is the least moral and intellectual culture; and there our race is sunk into the depthsof political degradation, incapable of raising itself to that lofty elevation attained by a free, enlightened people, capable of governing their himself and family. As they will be, he will have ten dollars. Now, sir, be it remembered that we buy and sell in foreign markets by their standard of currency, and that lowering wages and property here is to have no effect there, according to the reasoning of the Senator, as their currency must regulate the price of their wages and products; but cotton is to sell and goods are to be bought as if no change had taken place.

Goods, therefore, will come into this country no cheaper. If, then, SUPERIOR LEMON SYRUr. DOZ. by Wholesale and Retail, HOLMES KIDD. 18 feb 20 i- in.

Get access to Newspapers.com

  • The largest online newspaper archive
  • 300+ newspapers from the 1700's - 2000's
  • Millions of additional pages added every month

About Pittsburgh Post-Gazette Archive

Pages Available:
2,104,186
Years Available:
1834-2024