Evansville Daily Journal, Volume 3, Number 227, Evansville, Vanderburgh County, 29 January 1851 — Page 2

DAILY JOU UN AL.

A. II. SANDERS, EDITOR AND PROPRIETOR. city of etansville: tteini:day .tioiixixc;, jax. 29. A - '- Judf(e Loekharf'a Speech. To'llie exclusion of much other matter, wepublishto-tlay Judge Lockhart'a speech iiTr.iTorora State Bank. Ilia friends are 'anxioiH to learn hij precise posiiion on thi question, and we hasten to gratify their cutiofity. We have not had leisure yet to pctruse it, ahJ therefore remain without an opinion on it merits. ' , Our County Delegat. We'are glad to see that our Delegate in the Convention is not cne of the talking members. When it is necessary to say anything, his remarks are always fearless, independent ar d replete with good sense but he only talks when the necessity come. If the other 'members of the Convention were like Mr. Blylhe in this particular, the session would long since have been closed, and more business been done, and that executed better,than 'we fear things will appear at the close of this .tession. But members have been talking beoauio they like to hear themselves talk jit part, and to make home capital. Mr. Ely the has done or said t othing for' Buncombe, and We admire him for Ids perfect independence, 'lie never asks himself vviil this render me more popular ? will that ir jiirc meat home? But, satisfied of the correctness of his own action, and obtaining the approval of his own judgment, he fearlessly and independently states and support, his position, asking no fa.cr. fearing no strictures. We are satisfied .those he reprcsiutt are pleased with his course on every subject he has advocated or opposed in the Convention. L . S - Disgraceful. ' We would insinuate to a certain individual, living not a very great distance from the Sherwood Houe. that in civüized society it is not lashionable, neither is the custom uphclJ by the public, ol gCtin up at one o'clock in the morning to beat wives, and compelling a woman with her i.ifunt child at that hour to leave her home, and lice to the open street to scape a brutal, ur. manly husband. The next time this occurs, we shall give the man's name, and nIo see what the law says to his conduct. It once decided that a man in Evnnsville had a right to lick. his wife lor a dollar therefore we intend this man shall pay hidol!ar if he he determined to continue the amusement. We don't know nor care whether the woman is to blame or not, but we do know that no man has aright to beat his wife, especially at hall past one o'clock in the morning. 'Gbm. This excellent Louisville and New Orleans steamer, was here on Monday niorningl bound lor the latter city. She took on board at this place a large lot of bulk pork for Messrs Shanklin & Riclly. Our ol I friend Martin, was in the Clerk's office, giving a social welcome to nis fiicnJs. The Gem is a "crack" steamer, and her officers arc all gems in their own way. An accident to the 'doctor" of tin's boat was somewhat delaying her trip. Lady - Franklin. This excellent and swift Louisville, livunsville and St. Louis packet arrived her yesterday morning, for SC Louis. She had as usual, a large crowd of pisiengcra, for with Capt. Spotts as commander and II. S. Woo! folk clerk, the could not help beina popular boat, even had the boat no great excellencies in herself which sh has. We thank the officers for a package of Louisville paper. CC5Hon. Robert C. Schenck, of Ohio, ha? twen appointeJ Minister to Brazil an ndtairable appointment.' f Lou, Cour. We agree with the Courier. We have had the pleasure of a personal acquaintance with Mr. Schenck for yrars.and have always regarded Iii.n as one of the most talented men In Ohio. He is a thorough Whi?. and recently declined a re-election to Congress. Hailing frvra a strong Whig district, and very popular with his o;vn party, it was his own choice to goto Congress agiin or not. fX5 We a re indebted to Mr. J. C. Graham, Senatorial Delegate from Pike and Warrick, for ' favors. Mr. Graham's course in the Convention must meet with the approval ol his friends. IL has always been at his pos', anJ is posted up in all the business presented before the Convention. H3"List S iturday, at Louisville, the sen tence of death was passed on Diniel. a sh e belong! tfg to N. J. Bray to be hung on the 2Sih day ol February. A petition for his pardon will be presented to the Governor, signed by the Ju ige and Jurors, the Courier says. . 1. JQfVve have not received a copy of the Lafayette Journal for sometime, and it never did come with that regularity which ban marked the Courier. Send it on, Westy, or tell u you arn't grffng to do it, so that this Journal may siay to hum. 'tCj"The appointment of Eli S. Terry, of this State, and brother to our SherilT, Rsoorderof th- f.md Oilise, has been conSrmed ly the Senate. jrSamtiel Craighead, of Dayton, has km elected Gran I Mooter of the I. O. O

Ys h Ohio.

It ETI A It K8 OF HU. LOCKHAUT,

On Banking ; delivered in the Convention. January 7. 1S51. Mr. LOCK HART. There was, perhaps, no period in the history of the Western countrv so favorable to the assembling ol a Convention to lay down the fundamental laws ol a free State, us the period at which the Convention of 181G issembled. It was immediately alter the close of the late war with Great Britain, that the delegates of the Indiana Territory assembled in Convention, at Corydon, to form our present. Constitution. It was at a period when universal bankruptcy pervaded the land when business of every kind was prostrated; at a period when we had but little or no commerce upon which to levy imttort duties, or to replenish an exhausted, a bunkrupt National Treasury. It was at that gloomy period in the financial history of the United Slates, that our Constitution was formed, and it will not be saying loo much for the delegates of the Convention that they formed u better Constitution for In diana than any then known in our politica" history. It was the first Constitution, I be" lit li'jve, ol any State, in which the elective fanchisc was declared open and free to every cnil'U. 11 was ai tnui uay, u inouet vsonsutuiion; since then many ol the older Slates have assembled in Convention to alter, revise, end amend their organic laws, the bright example set by Indiana in placing ail her citizens upon the tarne broad political piriform, by most of them, was deemed worthy of imitation. Indiana was the first Slate of the Union ih declared in her Constitution that there shot Id lie no bank or banking in stitution e&tal lis .j.I in the Statu unices it should hi; a State Bank and branches in which by implication at least, the Slate was to be atock-ho!der, and that individual stock to a sufficient amount should be subscribed una paid in, iu8jieeie, before the bank Could commence operations. The trainers of the Constitution had seen the evils incident to independent or free hanking. They had seen the entire banking system tf Kentucky go by the board. They bad 6ceu bank alter bjnkj'n other States become bankrupt. They had seen the country Hooded with the t;iner of broken banks, nut worth a ctni on the dollar. They had known the farmer, the mechanic. and the laboring man to receive n exchange for his produce, his wan s or hid labor, that which was supposed to be money, and tJ.at which pa.se J fur money in the evening which on the lb lowing morning was ot as little val ue as so much blank paper. They had been eye witness to the monstrous frauds which h id been pr. diced by these ''shin planter machines" upon the honest, unsusnectin" citizens. Toiemedy these evils they placed . j'luiioiw.l J mo UII9UIUilOl lO WUiCll 1 have alluded, and but lor that wise and wholesome provision, I have no doubt but that ludtrtna uould have beer tit s day overrun with rotten. with worthies hanks, the s.tme as many of our sister States have been, and now are. As lndianaians, we may feci proud of the Convention of 1S16, if our labors diullcIoe willi the production of a Constitution us far in advance of other States now as was tiie Constitution ol'ISlG then; we may congratulate ourselves with having discharged the high and important dutie' assigned us, to the satisfaction of tlioe who sent us here. Under that Constitution Indiana took her place in our glorious sisterhood of State with a population barely suffi icut for admission; but how does theuLTou.it stand to day? In the briel peripd of thirty-four years our population has increased from sixty thousand to a million. How rapid the change! How amazing the advancement! Up t 1S31 we progressed slowly but steadily. In that year ihe Legislature incorporated the present State Bank. From that period n brighter day dawned upon Indiana. From thattime to the present our growth aud improvements have been extremely rapid. Smce the organization of the State Bank, as imperfect and monopolizing as it is, und the overthrow of the Bank of the United Slates, every interest throughout the State has ' procu red and improved, without a parallel in the progress of States. Since then our population has rapidly increased; nearly doubled, perhaps more than doubled. It must be admitted by every gentleman upon this floor, that the State Btuk has done much towards producing the rapid changes to which I have alluded. It haa enabled pro duee dealers and commercial men to purchase fur cas.i, and at fair prices, the rich productions of the soil. It has furnished means to the tanner, by which to enable him to add to his possessions and the number of his fields, by increasing the value of his produce. IVo on, I think, will drny this. If he does, let me refer him to the ten years' immediately preceding the establishment of the bank, and ask him to contrast that period with the tcu j ears next succeeding its establishment. By so doing, he will find that the products of the farm brought at least fifty per cent. more, on the average, annually, after its incorporation than before. I have now briefly alluded to snme of the benefits which I think the community at large has derived from the institution of the Stale fVmk. That Ihe hink has been productive of some evil, as well as much good, no one acquainted with its operations, will pretend to deny. But that tho benefits which the co.n tnnniiy at large have derived from it, are infinitely superior to the evils which it has eutatled. but lew, I apprehend, will dispute. With a knowledge ol these ftcts before u?. ran we, in the present financial history of the country, as prudent and consistent men withdraw this institution, and substitute in its place free banks ? Shall we destroy nn institution which, from its commencement, has furnished u with a safe and sound paper circulation, a circulation in which our entire population have confidence? 1 call upon delegates to pause and reflect before they transplant to our soil the New York or Michigan system of free banking. Banking, I have always regarded as an evil, but an evil, which, for the present, we mu-H tolerate. The interests cf the people demand it. We are an agricultural people ; our farms nn.l plantations are every year be .--iing enlarged, and an increased amount of ter ritory brought within the bounds of cultivation. A an cvuhne of our rapid increase in agricultural pn ductions. it Is only necessary to relerto the well-attested fVt, that more produce passes through the Wabash nnl White rivers, in the course of a year, th in twenty-five years ngo. passed down the Ohio in the same tim This rapid increase in the proJuction i o! ihe soj, is not limited to Indiana. The entire Wcsl is becoming one vast gart'en. Our lakes and rivers, which but a few year ngn wererur main thoroughfares lo market, arc now inadequate to cur wants. A c mal. pausing from the no'th eastern corner to the touih-weetern nn?!e of the State. is ncr!y ';i'Mrlcicd. Tuihi. railmd and plank rw heuj ; ttddrd in mIhiokI ever irrrTion. Attol wlncu are lo bear

off t'te rich productions of tie soil. To bus -

laui nine iiiicrcsiv is wie pium uuiy 01 every citizen. Can it be done by limiting the circulation to gold and silver? Those best acquainted with the financial affairs of the country, say no. They insist that our currency, with all the aids we receive from banks, is inadequate to our wants. Withdraw from circulation the $ 12a,000,000 of bank pa per now in circulation, and put in circulation

the $51.000,000 of specie in the vaults of the price of stocks fall in the jnarket to 33J cents banks, and yon will withdraw from circula- on the dollar affain. what will then be the retion $75,000.000 of currency; a result which j suit? Why, sir, the bank will be closed, the no friend to commerce or the interests of the stocks pledged, told, auvl ihe bill holders paid

agricultural portion of our people would de sire. 1 et to annihilate banks, would produce this very result. Hence the cry for banks. The people in the portion of the State from which I come, nre generally in favor ot a State Bank and branches. In the northern and central portions, the cry is " free banks." For myself, I can say, that it I must choose between the two systems, I am decidedly in favor ct the State Bank system My great anxiety is lhat we should have none but sound, solvent, specie-paying hanks, and il we cannot have such. lei us have none. The State Bank approximates as near to this standard as any banking institution well can. Will Iree banks do as well ? This inquiry can only be answered by comparison, as we have no practical exjHTience in free banking. In Xew York the free banking system is said to be the most perfect, yet they have broken banks there under the free banking laws, as I will endeavor to show from the lolloping extract from the Democratic Review, a periodical favorable to free banks: " In the working of the free banking law thus far, it would appear that 139 b inks hive bet n started under il. Of these, SS are in operation, 21 h ive been closed by the proprietors wiihout loss to the bill holders, and thirty have been closed by the Comptroller. Of tlue, 2G have been settled at 70 per cent, average." From this extract it will be seen that ol the thiity free banks that had been closed in New York, twenty-six paid but seventy-tax cents on the dollar. What the remaining four paid, we are not informell. And, sir, upon whom r.oi's this loss lall It docs not usually fall upon ihe banker nor docs it usually tall upon the merchant. .No, it fall upon tlx; uiuspecting banner and laboring pinions of Ihe community upon the working classes - upon "ihose who earn their l.viug by the sweat ol tin ir brows' it is this cluus lhat sutlers most by these failures. They must have means upon which to live and are compelled from necessity, to dispose ol the notes they hold, ut ruinous discounts. Out of 130 banks brought into existence under the free banking system in New York, only 63 are in existence, the balance having rone by the board.. Just CJtitrast lhat sys I tin wiih om own in fact there is no comparison to be iistiluted the one is s superior to the other. Here the bill holder is always sale there his security is uncertain. Tins mut always be the case when the one is based u on an ample specie basis the other upjn what is termed ample roll tieral security deposited with an ofhv.er of St tie. " It may not be amiss to inquire what is m a:it by ample security in New York. It means Uuiteil States and Stale . alt cks, and bond-, and mortgages upon real estate. I have already 8a id ihal thirty of the free banks in N. York, have failed, and lhat twenty-six ol them paid tut seveniy-ix cents on the dollar, yet they had all depo-iied ample collateral security with the Comptroller." How then, you are ready to as! me, did il happen that but seventy six cents oa the dollar was paid hy this batch of broken banks to the hiil holder! A ready answer will be found to this enquiry, in ihe report of the present Chi T Magistrate of ihe nation, made while Comptroller of ihe State of New York Hi report chows that tu s 'Ihug of these '"ample securities," great loss -s were sustained. For example the Farmers' Bank ol Orleans had deposited 61,000 of Indiana five per cent, bonds this large amount of boads were sjid for$12.U7 50, or $ISSS2 50 less than ihey were pledged fjr. The Erie county b.tnk had deposited as part of its "ample security," mortgages on real estate, for $15.000. The property mortgaged, exclusive of buildings, was appra:sed at $3 5ü0. The--e mortgages sold lot- $3,000. llu St. Lawrence Bank had deposited $15 000 Illinois Slate C per cent. stocks which were sold for - $2 5S7 50 45,000 Arkansas State 6 per ct. stocks which were sold for - - - - 12 513 00 21,277 Bonds and mortgages TVhith were sold for iS,fJ0 00 $S 1.277 $27.232 50 From this statement it will be seen that $31.277 of "ample securi ies" pledged by the St. Lawrence Bank, were bold for $i7,22 50, or $51.024 50 less lhan they Were pledged far. Ths New York Banking Company deposited as security to ill holders $20.000 Illinois State 6 per cent stocks, which were sold for - $3 350 00 0,000 Michigan ötale o per cent, lock which sold for 1,010 00 $2C 000 $1370 CK) An absolute loss of 21 633 dollars, on $2000. I might give other instances where as great losses have been utai aed in the sale of s cu rities jlcdged as those given, but 1 will not detain th Convention lurther with them. litfve given enough to show Ihe great depre ciation cf stak aud mortgage securities, and that tiny are ve y inadequate to protect the hül-hohier. The gentle. nan from Cass (Mr. Biddle,)to whom 1 always listen with great interest, went so far as to iminiiitJ that railroad stocks would be, after a while, introduced into' the list ol 4ainple tcuri!ies"fir banking purposes. Mr. BIDDLE (interposing). What I paid was in reference to the statement of the gentleman from Wayne (Mr. Uarideu), who said lht railroad men wou'd go into free hanking. .Nothing but State or United Stairs slocks is my doctrine. Mr. LOCKHAUT. I understand the gentleman I mm Cas as expressly stating, that these were not the only clocks lhat would be taken. It was said on yesterday by one of my coileayues (Mr. Owen,) that the friends ol free hanks did not propose to put in these stocks at their face, but at the ir market price, not above par. Does that betler the thing? Does not every one know lhat storks are constantly fluctuating in value. To-day they may be ut p.ir, lo morrow I hey may be worth but eighty cent on tho ouilar, and the ncx but lortv. Sur rose that an as-ccLtion 14 fonii.l for bunking purposes, widi a capi-1

la ol slouniHJ. and u.vy deposited YJWykj.)-

'in

Indiana Slate stocks, which thev have purchased for thirty-three and one-third cents on the dollar, that being their value at the time; they get SlOO.ObO of paper to bank upon; in a month the.-e stok increase in value in the market, and are worth sixty-six and two-third cents on the dollar. Is it not clear that the banks will ask for and obtain another hundred tlx ana nd dollars in naner en these stocks? Then sunnose lhat the offnl fifiy cents, or les.-, on ihe dollar, Bui it may be said that this state of facts will never happen. I trust they never may ; but those who have watched the stock market for the last ten years, will say that, reasoning Irotu the past, just tuch results may happen. From the best examination I have been able to give this subject, alter a careful reading ol such statistic tl information as was within m reach. I am clearly of opinion that a system of banking bused npou s.orks, or stock and mortgage securities, instead of gold and silver, ought not to be introduced into Indiana. With my present views upon lU subject, I would much prefer that we should say nothing upon the subject of banking in tin Constitution, lhan to incorporate this as an exclusive vetem. trusting to the LegUlaHire to de'ivcr u- Irom so great a curse. Son gentlemen who have spoken upon this question, were unable to find terms in the Knglish lanjnagt: bi:tcr enough to express their indignation against the State b-nk. It has been denounced as la.ikrupt aud rotten, aud its olHcers rilted oi ly to be associates of robbers unl cut throats. Such declarations, made without evidence to tupport them a; e unworthy tf any gentleman wh has been honored with a tat upon this fi jj-. In making this declaration 1 do not wish to be understood as presenting myself before the Convention as the tham ion or defender of the State Bank or its otiicers. I have, however, felt it io he duj to truth to give n positive denial to any iuch assertion. I must he permitted lo express ihe opinion, lhat much of the opposition cflhe Slate Bank manifested i i this Convention. grovs out of the f.:et that her cujüiu! is too small to ullbrd the accer.iHiodatious n quired by the wan's of the community, and because he has refuted to establish brandies where she ought to have done. In regard to this latter objection, I can only say that I think ihe bank did wrong in not establishing branches where desired. 1 think a branch ought to have been established at any point where the requisite ammnt of stock was taken and paid in under the chartc. Aud while upon this subpcl, I will remark that 1 am in la vor oi leaving lhat clause out of the Constitution wir.cn limits the number of branches to o e for every three couuli s. Equihty of privilege ought to be guarantee.! by tue Constitution. But, sir. this free b Hiking system is one of ephemeral growth. It was not until within the I ist leu or twelve years, thai free tanks were introduced into Ihe untttu otaus. it was not until $200,000,000 ol the stocks of the different States wcie louud to be in the hand oi European capitali$ts,that this scheme ol banking on Stocks was concocted. It was a device, sir, gotten up in the ollices of the brokers and monev charger in New York. Lond.m. Amsterd m ami ' Pans? to enhance thei valu- of Ametican stocks, many of which were then selling at tu t.ous discounts. Tinplan adopted was lo in die there s:ocks the basis of banking, in?te.d ol gold an I sdver As xvm : s tin Kchem: was a. reed upon efforts wjrc i.n.n daicly made to ut it mt operation. New York, under the tonfril 1 brokers an I tocU-jboers, bit readily at ih.bail, and o did Michigan; and now the utlempt is Im i.tg m tde to make Indiana swnllo.v litis eUgar coaled pill; and nil to enable the foreign banker, broker an I stock-jobber to st-nl horns our bjnds for bank capital, draw his regular incret-t, and, in addition therein, make six or eight per cent through the han't ing" operation, ana lhat, too, without iuvesti:ir u single dull tr. Bead-holders an J stock- . . p . .... jobbers, 1 aih iu. sire at Ihe bottom ol Ilm movim lit. llieyare now loo ting wi h anxious eyes lo the decision of this Convention on tins question. 1 state, upon the mot reliable iulormition. lhat a prominent broker and stork-j .bber, residing iu the city of New York, has been iu this city iuee this Convention commenced its csaion, urging upon his friends the importance ot hating thi free banking system adapted by this body; aud when asked by a Irici.d where the bond vveie toromi from, he replied by sa ing that there wu:.I-.t na no ddliculty; bonds were plenty, and could easily be had.' Mr. l'reideul, the bond-holders have a twc-i'old object in view iu urging this system upon us. They know that this State cannot c. fisienlly, With honor, tax her bonds in the hands of the bolder; In nee, if they employ liicm here as bank capital, ihey not only g t the interest upon the bonds, bul they get the I ink dividend upon them, and, nt ihe t-ame time, avoid taxation. This is a rtliuetncnt upon financiering thai the people of the Stale never dreamed olj much less thought ot ; yet it will prove true to the letter, if free banking is established. It has been clearly decided by the Supreme Court of the United' States that a Slate lias no right to tax United State's bonds. That question has been sell led in terms i-o clear, th.it my honorable liiend from Monroe (Mr. Kead)"l:as been compi iied to)LId the argument. Mr. BIDDLE (interposing) was understood to say tiial the question of the taxation of bond was ke:th-d, perhaj s. lie would inquire what was ihe diflerciiee, whether our bonds were in U niting circulation or constituted the basis of a banking system, k lar as the question of taxation is concerned? Mr. LOCK HAUT. If the bonds are not iu the State, und money which is taxable U sent out to buy tuem, the process removes that amount of taxable properly frcTm the Stale aud introduces the suite aiimuul of that which is not taxable iu its place ; this is alrict ly true so lar ns relates to United Slate bond, and I r the icasiu already given applet to State bonds a l-o. Ii w ll not be ru iintamtd 1 apprehend by the gentleman Irom Cas, thai there are Slate or Uuiteil Stales bonds owned iu Indiana lo any considerable amount, not any ihmg like the amount whit h will be required lo etabhh free hanks upon the basis which lie proposes, hence in order to purchase litem, taxable property must be scjit out of the State to buy them. This answer must be taken however with, this qualification, if the bond holders fcods Ins bonds into the State and invests tiietn as a basis for banking, the acioaut of taxable property would not hü changed, but in this case you would the nn-resitleut a decilr-. advantjvju over the resident, by allowing hi.n the privilege of binU ig upon capital

r.vt not i;X:.blc uii a i V. inline which

I presume the Legislature would never give. I can view the free banking system as proposed as nothing less lhan a splendid shaving operation, got up as I hae before said, by holders of State stocks for ihe purpose of increasing their interest. A careful survey of the whole premises I think will satisfy the most sceptical that a deeper laid scheme to make money by the process of shaving was never before attempted on eo magnificent a scale. 1 fully concur with ihe renilera ui

Irom Owen (Mr. Dobson) in saying that free ! uanKiiigHoueo! me most stupendous schemes ever conceived to lull our people into security, and crive home our bonds under the specious pretexts i f furnishing us with a substitute far gold and silver as a basis for banking. The secret of the whole game is either to sell the bond to our citizens and take Ihe gold and silver out of the country, or vUe invest them so that ihey will yield double interest. The PRESIDENT. The Chair would remind the gentleman from Vanderburgh that his half hour has expired. On n.otion, the rule was suspended in order that Mr. Lockhart might conclude his remarks. Mr. LOCKHART. I feel very much obliged to the Convention for this kiudnesi in suspending the rule for my convenience. But a ihe question has been Hlr-ady discussed nt le.igth I must decline occup ing the attentio.i of the Convention any Lnger. Constitutional Convention. The circuit court section was amended by dividing the Stale into ci cuits" wiihout specifying the number and declaring lhat no judicial oTL-er shall be eligible to any offi.te during lis term section engrossed Sections have been reported, declaring that after 1SS0 the Legislature should have power to revoke all charters which have not then expired bank charters and laws tobe repeaiatle. CJThe 22d of February will he anticipated by the young folks with some interest, as St. Valentine'- Day. Prepare for it. llrauavilln Lodge, Mo. CI, A. V. Meets 1st and Cd Mouday eveiiir.gs, in Shank lin's Building, ce ncr of Water and Locust s;s. Officers. V. Hubbell, .V. M.; II. T. Cosby, S W.; W.Brown. J. AV.; A. II. banders, Sect.; J. C. Hclerd. Treis.; il. Ross, S. D.; II. J. Hart, J. D,; P, G. O'liiley, T. I. O. O. F. Morning Star Lodge, No. 7, I. O. O. F. Meets every Thursday evening. Otiicers for the present term: i Hornbroolf, P. G.; J. T. Walker, I". G.; II. Nelson, V. G. ; 1. A. Crane, Sect'y-; L- Hon es rreas'r.; M. A. Lawrence, C.; H. Plumcr, W ;C. Singer, t. G.; A. C. Hallock, O. G. Evaxsvili.e Lodse 'o. 83, 1. O. O. F., meets every Wednesday evening: nt Slianklin's building, corner W;iter and Locust ftrect. Oßcers. Jess? Dum.'?, N. G.;J. G. IlatchiV. G. ; F. D. All? u Sec'iy ; II. J. Hart, Trea'i ; Giles Colvin, C; John Hei'.son, Vi. C mood ' I. G., G. Glover, O. G 11amSTHAYBD, About tiie Isi ui ex :enilcr, from luz f ub-criher in livan.-vi.Ie, a red an J wlhie eof.ire i Cw, three y a:s old lat viiinr. muikcJ uiih a tin under lite !e:t er. Any Kr?ou reiurnia taid C.v totte subscriber, wdl le libe rady ie-.varded. jaiv25ttl JOHN BUIiHANK. BRICK HOUSE AND STORE FOR KENT. Vi VOao.y iiiiic'A yiCoii ell calcula.eu f r a family visuiri n keep a eroeery urv, will lc rented lo a res,ecia:ile laini'y, on rm?ona ble terms. A poly toiliefübscrilertorinformatiun. WILLIAM II UGH RS. jai.21 3ts Corner Alain and 2d sts. TAX NOTICE. LL prrroiM a ho luve not paid ih'ir tax? ft A. 1). lf-5ö. and who know ilieniulves in JettteJ to the State and Comity nre hereby notifies iocall uii 1 par 'ip, and tave ct. jair.'O 4tai K. W. DUMJAK, T. V. C liepnU ican copy. iTeätii iTiiT grff f- ides eastern Sole Ijt-nthr in stor and fiUVJ fore-ale Ly janllJlf ALLHi. ilUWKö. FOR RENT. A Drtck d -.vtllnii ll-use.wi:h Store on Main tieei foriciit. Ap. iv to jiiiStt 3. W.RE1LLY. $100 w audi: I UK underpinned, SheriTof Vanderbtirh county, Ind., wili give the above amount for the nrrtfct ut JOtlX C1AKK, who escaped Irotu the jail ol stid c.);nity. o'i the evening ol aturd.l, Januari 11th isitl Clark is pro'.iatly aStiuil years ol a a ul 5 lee! 8 in :ii :3 in height, black liair.darK eyes s.illow complexion, aiKttnrp lealuret. 'I lm hair Iro.n the tJtol liish j iJ h id Uencut oil' for the purpo otdresng a wound Ltel rcceiveJ ty him. I'll j wound is not yet healed and ivab-jut an inch and a hall lon. JM) s. TtKltY.SherifT. Cvunavüe. J in. 12, 1?"1 -13 tf. II3T7 CA3II STORE. 'P III undei iito littv.i: tormed a co-partner 1. tlup and lAKen t lies-lore ou the corner ot Main and Vaitrbirectsdiaejut received a brirr aidenttitly iiuw ttn.k oi toreiu and tioincstic dry f ls, carpet, rtis, o l-cloth?, ln ckin,s,' and oilier Surn.B.iiiugocKlrf, to which A-e rcrpcctfully invite the attention i Ui-oler9jr consumers, lis e think we can oiler thrni fetron inducements to nurchusc. ctliier ia style, quality or jTi.-c. Ja.MLS K. li.tU.M5, j Andrew J Colevk.i, Li A RS CS Sc COLR L' RN. epI9-lyr Corner of Main and Water sti. LLOUii UO b'alj su.ieriinc, i.wpe:td, in store and to arrive, lor to le by - - S. E. ülLüEUT & CO., jan23 tf Sycamore, bet. W'utcr liS:s. 1H MJS Cotu n Batting, just recM per .OUvF jtcamtr Alex beett, anu lr sale by ' . ft II Wll.1 I. gj njvll J. 11. iUAUIlLD C, KAJ. ADMINISTHAyiUS'S SALE. BY Vir.ueui oiuer ol tile V amieiOuru t robatc Court, tua.ia at tLe November term A D. lbJ, ui.reof, I will on t!ie 221 day ol February A. D. I-Sjl, beiwceu the hours ol 10 o'ehx-k A. M. and t f. M. u!m:i:! diy, sell at public auction at the Court iloübCiioor in hvanville, Irom -0 to 100 acres t le skeels l arni, to cahed, t UuatcditLu w i ufa w qr 1 1 feo 27, and iu the sc r.r s cqrol !.ec 21, in '1 uv.ii 5 touiti iai 10 vvi in VanucrhurijU county , ot w huh Ueorc celr died, tciztd. Tic above t'arin is in a liJi fetale cultivation, lvnT ho'h t-i.U: ol 'hel'rirriicrh road, and with in about 6 Hülm vi-e-vi in-vit!e, und horn 50 to 100 acres of wMcj. w;h beiold to py lh dtbts of the e.-taie. of Sale cne-third cath, ont third in 6 ! irtouths, and one-third jn i mon'dis, wilhtpi roved i -. . . . i . , i" becuriir waiving lenti ia. . M AliY SKEKLS, Adm'rx jm'20 dltu l:s Uy l.utxSc WuttLtR, Atty's, PAINTED BUCKl-rrS 75 Jjs.in store and to arrive, lor salt Uw by Ö. L.UlLCCLTdiCO., jaul 7 if :ycatn', bet. Wuici 1st. sis. O'ivh tssliioimide Tailor, s 4; t p ca I

uw.v, b.. et ater on mid'. j

TELKGRAl'II DISPATCHES. AUItlVAI. Or THE

ABC TIC. New Yonic, January 24.. The Arctic with thirty pascngej and. full freight of valuable jjoods arrived lo-dar. FKANCE. The resignation of the ministry is caused by the oprn hostility ofihe President towards Chanrarnier, who in defiance of the earnest protestations of the Minister was given per mission to justify his conduct before the General Assembly. The right and leli warmly aiIauded the General wlien the Mir. 1st r abruptly withdrew, and with equal abrbpt- ' iies, tliey reigned in a body. The President experience! great diffi. uliy in rorrain new Cabinet. Mr. D.irrolt rt lnsp. tn office. f The Catholic question is exciting still greater interest in England than ever. Louis Napoleon came near being drowned in a recent excursion on the Seine. - Mr. C isa, our Charge d'A Hairs at the court ol Korne, las had some serious diffi. u I ties W,.V'. lhr PoP- w,,ic'' niay caufC his return. Ihe Bank ol England will not advance the rate of interest. i he bullion in the Uank is fourteen millions sterling. Engüsh securities) nre veil supported, uiih i.icreus d demand, American slocks and fi eights are well ns tuined. Penn. fives 64aS5. U. S. sixes llUa ICS J, - i Passengers to New York are plenty and rates are better. COMMERCIAL. Flocrand Grain Four and Grain are extremely languisning, the trannac lions ping forward being only for immediate wants, estern canal flour 20n2$ 1J; Philadelph.ia und Baltimore 23. Couimou ha receded Cd, with active dent md. Phovisions Provisions are active especially Beet, nud god qualities command full rates. The hin rate for Pork has checked bu-inets, but the advance is hkely lobe busijriucd the demand ismoderute. New bacon firm and commanding extreme rates; old bacon moves slowl); no shoulders in market. The demand fjr Lard is not o extensive, but holders have esüblihed an advance of 6d. Cotton--Unchanged, with sales of 23,000 bales ; pccuLtor took 1.500. and exporters l.uüü. Consols Cluoled at 93. Nas:iville, Jan. 26, 0 P. M. The rei lenco of Mr. JSanu d II. Bugg; immediately a.ij .ininri the Ver.tud 1, and uppocttc the Tehgr.iih CUioe, was partially consumed by fiie l ist nigiit Jt 11 o'ch ck. The hoUl vas caved by the exert ons of the fir men. , y The river is still staiiouary, with scant 26 inches to the mouth. Tin; witn no prospect id' rain. weather, is fins io.r.ni:ssio.KAb. THIKTT-FIRST CONCHLS ftCONO ESIOV. ' Washington. Jan. 21. SENATE. -' . f. Numerous Kiitious and reports wer presented. Mr. Sltield reported a It'll to make Gen. Scot Lieut. Col. ( ieneral, for hi gallantry ia the late Mcxh-au wtir. HOUSE. The HousR has been enied ell d ioq Uhe li ivale Calender. r t Washi.xgtun, Jan. 24. The following nr-pointntent hvc been confirmed : II. IIhII. of Vermont, Second Comptroller of the Treasury. Elia S. Trrry, of li d.. II corder of the Land Office. Ilobt. McAlpia. of Louisiani, Superintendent of the llranch Mint at N. O. W. Drbuya. Treiijiirfr of ihe same- Edward C. Dale, Treasurer of Philadelphia Min!.Cnlcort fl Iloliiic. of Consul to Cap of Good Hote. Alex. S. Rosa, of N.

Consul at St Cnthurine. John Sloan, of i

jno ircasurcroi in uniteu oiatcs. j i

PniLAncLPntA. Jan. 24. Stephen Burnett. i!i fugitive lavc whe wsi remanded by the U S. Comtnuioner to j the custody of his master, has been purchase f ed and set free. Cincinnati. Jan. 25. ' Th river is stationary. r -rs BARLOW'S PREMIUM DOUBLE-ACT- f ING PUMPdl , - I riMIK Puma is veiv tronu uiiutimple initscon X si ruction,, tot earilv deranged, and inay b repaired wühuui difficult by any mechauic vfot dmary skill. K requires but litt rwerto work it W bawl cm keep up a coiiat.-mi Mream a largs as can pass the vahes, with as iit.l tatiue as aujr other common ;abor. , It is adapted to cisterns and wells oi ooy depta, UiH one to v hu.udrt:d andßßyftit. It can Ite made available as an Mcellfn ßreeif pine. One man can loice a column ol water .ver lire liight luildirg. It is slso convenient. Kr walnn uiutlows, watering Eardens, tp in klinj rlreeis, &.c. Kvrry Tump wurranted. Sold by 1). i'Ktft.IN, iirantville, Ind. . P. S. Mr. IVrria ill a'so attend to all calls in his pr fission as .tl ill wright and br dae büilder f Sftopon Main street, a thort distance wyMd tbsf. Canal. - liauCS Ira. j STKAIIlMi C.1XXILES 25boxe i Cheese 20 toxes jüsi ricived: for eale low ö. H. t;ii.lt;iCT&.COM jan23 tf Sycamore bet. Vter 1st sts. ' AN ORDINANCE To amend "an Ordinance drßnin tie limits srifltni'hukno jrame or vondcn ouuainr os erected. Passed MP 1st, 17. St.C. 1 Ue it ordjiiieJ by the Common Court-; cilel the City ol Evanv'J.at the lirsisrc. lion of the ordiiiflririiaTwliicb tli is an ameo-J' ment, Ihj so fi.oAd a to im lüde within iupufview tint tIo vina lof, Ut w il : I U,i 10j. If6, 107, 103, K9, 110 111, 112, 1 i:-v-ii5nd 135 in ihe original idan 'ol the City; and bts I3J, 3. UJ, 16J. 177, 17S, 179, 180, 181, lM,lr3, lfl, Ält iv2, it3 2Ül,2ii5,2t'6,2n7,208, -225,2.6, 22,it2i,-229,Z3titZ2. and 2J in the D nation enlargement ol tai J City; and that hersJter no dwilim? house, warehouse, storehouse, oat houe, shl, kitenrn, carpenter or blacksmith knop oi any other hocse, b:iilüin r sbed of any descri-. ti nor kind what ver. except the farce shall b built ol Hons or brick, febuli be ertcted, removed,' er placed upon any of the said lots, except pennis sion bo granted bv the Council, as provided for by siidlirM section i f tuid ordinance. I'atwd Jan. lö h, 1831. JAS.U.JüMfÄ . Atu-st: Mayor, f J, nx J. Cuaxdlek, City Clerk. fjanSfi 3J Iliicna Vista Hats. ( NEW Ki pplvof IIa and brown ie styW Uuena VitM.i Ilata, tust received oer sieamsi A Asia, at d lor f ale by -dccil - MORGAN & KEEN.

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