Semi-Weekly Journal, Volume 2, Number 233, Indianapolis, Marion County, 29 June 1841 — Page 1

A

HY DOUGLASS & NOEL.INDIANAPOLIS, TUESDAY, JUNE 29, 1841. VOL. 2. NO. 233. 9

rtJBCIBIICD THREE TIMES A WEEK Dt'KIXG THE 6ESSIOX OF THE I,ErSl.ATDBF,--TWICE A WEEK THE liEMAlNDEK OF THE VEAK. ".','.. Terms. Four Dollars a year, payable in advance, anil contidered due at the dale of tkenuliscnijition. If nntpaiil in nd- . vanoc, however, Five Dollars will lit t lie ir ic c . .Advertisements 'il',,c inserted at the l'ollowins inlcti Ten "Tliies or hwforwie nr tkrettrts erttvr.tt m XH Ifrs Hif'TfiTiP tv-fivb cents for each continuance. Or, will he continued on

onlract one year, lor $-1 y, and will lie altered occasionally if de. reid. On lonser advertisements, n reasonable deduction will bo

made. Q

From the Philadelphia Journal of Banking. ... THE TIMES. ; In several respects, the .present times more nearly resemble those of 1819, and the yen rs immediately succeeding, than uny other period in our country's 'history. ' Then, as now, the Bunks, after having been enormously inflated, suddenly collapsed, find spread ruin and destruction every where around them. ; Then, as now, omerpm"' was chilled, because men know not what a dny may bring forth. Then ns now the country was burthened with a heavy public debt.. The ousels not materially altered by the fact that the debt, pressed them immediately on the Federal Government, and that, it . now prestos on the States. " " Then individuals owed millions and millions more

than they could pay.'.. ', Then, capitalists could with difficulty find safe and profitable invest inMit,' And laborers were consequently left without employment. . Then,' wages, and the prices of, land, and of commodities generally, fell greatly,:' Then, as now, die troubles of the times were occasioned in part by extensive speculations, in the public lands. - The Bunking revulsion is now more extensive. Through the period above alluded to, the great body of the' Banks in the Aliunde Slates, at least those

believe.

those of

north of Nurth Carolina, and . we

.'Mississippi and Louisiana, mauuamed specie pay

men's. Now, all the Bunks to the south and west of

New: York, with the exemption of' certain Bunks in East. Jersey, the Bank' of the. State of Missouri, and perhaps tie.' Banks of Charleston, S. C. are in a state of suspension. The B-i nks of Ohio profess to pay pay .specie; but., from the best accounts we can gather, their pracdee but ill' accords with their profe-sion. Then the public debt was a burden on the Federal

Government, now, it is a bullion en the states.The States were not then, as the are now, involved in extensive, and, in most cases, injudicious schemes of public improvement. Then there was ti Bank of the. Uunited States with a capital of thirty-live millions, in full operation. Now, we arc without that blessing or that evil, just. . which the reader will be pleased to consider it. The public distress is the same in kind that it was from 1818-19 to' 1823-24,,but diners from it in degree. The reader who has not turned jiis attention to the past, will be surprised to leant that the suffering of the present day are much .less than those that were

aforetime experienced. Our large cities were not, half as populous then as they are now, yet, according to Niles' Register, at one season, in 1819, there were 10,000 able bodied men in New York daily seeking for employment., or, : adding women, 20,000 persons who desired something to dofin Philadelphia, 20,000 persons were in like condition; and, in Baltimore, 10,000 were in unstea (ly emplGymruit,; or actually suffering : because they could not get employment. '-. -..'---., Neither is the fall of prices now as great as it was thou.1 According, to. the' testimony of a Director, in the United Soites Bank.houses in Philadelphia which used to rent tor 1200 dollars a year, brought in, 1820 no more than 430 dollars; fuel which used to cost 12 dollars fell to 5i dollars; flour fell from 1.1 dollars to . 4 dollars a barrel; beef, from 25 cents to 8 cents a pound, see Niles'. Register, vol. xviii, page 337. Lands in nineteen counties of Pennsylvania, which about the year 1815, brought, on an average, from 93 to 122 dollars ati acre, would in. 18 ID bring no more than from 29 to 42 dollars. This, we assert on the authority of a. committee of the senate of Pennsylvania, of which Mr.-RaLnun,: was chairman. V In September, J 820, corn was sold in some parts of Kentucky at, 10 cents, and wheat at 20 cents a bushel. In May of the following year, corn was as low at Cincinnati, and wheal in some parts of Ohio was 10 cents a bushel. A Pittsburg paper, in the spring of 1821, referring to prices at that place, says: '-Flour a barrell, $1,00; whiskev 15 cents a gallon; good merchantable pine boards," 20 cents a hundred feet; sheep and calves, $1,00 a head. ': Foreign good at. the old prices. One bushel and a half of wheat will buy a pound of coffee; a barrel of flour will buy a pound of tea; twelve and a half barrels will buy one yard of superfine broad cloth." In some respects the times ore better than they were, from 1813-19 to 1823-21, and in others they ate : worse.'- '' - j The public debt is twice as great as it was then, j hut the wealth of the community his increased in more j than en.ua! proportion. The burden of the debt then, j however, fell on the Federal Government, which had more facilities for collecting a revenue to pay the interest than are possessed by the State Governments. The states were not then as they are now, involved in schemes of internal improvement, calling for the incurring of new debts at a time when they cannot pay the interest on the old. The Credit 'of the State Governments was then good, because they had used it sparingly, and they had it in their power to apply it to the relief, or the

apparent relief, of the debtor class, by establishing "Commonwealth Banks," and by other contrivances. Now the credit of some of the Statu Governments is

so low, that they find it difficult to pay the wages of

their own officers. Great part of the distress that existed then, was occasioned, as it is now, by extensive purchases of wild land. But then such of those lands as were bought from the Federal Government, were bought on credit, and Government relieved ibis clas of speculators bv taking back the land, and thus freeing them from obligations to the am mnt of millions. Of late years the public lands have been sold for cash, and as this cash has been "deposited with the State-," the "Government has it not in its power to relieve this numerous class of speculators, by receiving back the land and giving them back the in ney.

suit, but returning without uny tidings of the childThe next, dny the company was increased to sixty persons and searched the woods all day, with no better success. Oil the following day, between two and three hundred of the settlers assembled early in the

morning, their hearts swelling with sympathy and all (iagor-4o4-st-nFff the-little wanderer to the arms of its

dispairing parents. The company set out for a 'thorough' and a last search.

The child had been in the woods three days and three nights, and many hearts were sunk in despondency at the utter hopelessness of finding it olive.' But to learn its fate or restore it, was the indomitable purpose of each. Half the day had been expended in entering the forest, It was time to think of returning, but who could think of doing so while nn innocent child might be wandering but a few rods in ad

vance? On thecompany pushed, still deeper into the dense wilds. The sun had reached the meridian and was dipping down towards the V est. It seemed vain to. look further arid slowly and heavily these stout hearted men brushed a tear from their cheeks, gave all up ns lost, and as their hearts seemed to dictate within them, commenced their return. The line was .stretched to include a survey , of the greatest possible ground, not a bush or tree, where it was possible for

a child to be concealed, within the limits of the line .vas passed without diligent search. Those at the extremities of the line tasked themselves to. the utmost in examining the woods beyond the lines. They had traveled fur some time, when, at the farthest point of

vision, the man on one limn thought lie saw a hush bend., lie hesitated. Was it his imagination? He gaz-'d a moment,' The bush bent again; and the head of the little, wanderer was seen. He rushed forward, and found the little girl seated up on log and breaking the twigs she plucked from the bush which had so providei;-ially led to her discovery. She did not appear to bo frightened; said she had lain in the woods three nights, and hud not seen or heard any

wild beasts, and that she thought she should get to Mr. Howard's for the flour before night! At first she did not appear hungry or weak, hut after eating a piece of bread her cries for more were very piteous. She wits '.found about three miles from where she entered the woods.. Her clothing was : very thin, and the large shawl she had on when she left home, she had careful iy folded and placed in the pillow case, not even putting it over her during the night, as she

innocently said, "to keep from dirtying it or her mother would whin her." Our informant stales that she is now as well and happy as the other children.

COLUMBIA". ARRIVED,

From Ij Audience Paris Journal. Justice be Paix, Paris. Receipt for getting money from a usurer. M. Cretecorps is a villainous looking old man. Never did a face more plainly bear the stamp 'of avarice and usury, and seldom could ills have been seen to greater disadvantage, for be was now excited bv anger, which' rarely adds to

.beatitv.

Judge. What is your complaint, 11. Cretecorps, against M. de Linage, whom you have cited before

this court? Cretecorps. For the restitution of two hundred francs, which he has swindled me out of! M. de Linage, who was a handsome and well dressed young man, smiled disdainfully. judge, (to complainant.) Do not be insolent; that

wil! only injure your cause; confine yourself simply to a statement of facts. . Cretecorps. You should know that I have several

times obliged M. de Linage, by getting a friend of

mine to-lend him money, for I have no money of my own. ,'-, ,"'-.'' , ' M. do Linage, (laughing.) Oh, the old story. Cretocrops. This friend of mine has generously advanced him 5000 to 0000 francs upon my recommendation.-:. " M. de Linage. Generously! Yes at the interest of 25 per cent. (Laughter.) Cretecorps. That is your affair not mine. I am only the agent for a capitalist. : . : M. de Linage. Who, doubtless, would be anonymous in this matter. V .. Cretecorps. Be that as it may, M. de Linage never having repaid his loans, he refuses to lend him any more. Not that he is afraid of loosing his money. No. For M. de Linage will inherit a large fortune from his uncle, and there is no doubt of his paying ultimately; but it is a tedious thing to wait for a dead man's shoes. But to proceed. The other day I received a note from M, de Linage, begging the loan of 200 francs. I refused. But on the following day what think you I saw in the newspapers? Why the following paragraph:. "We learn with regret that AT. the Count de. Linage, the head of a noble family, is so ill that no hopes are entertained of his recovery.; He is indeed at the last extremity, and yesterday received the last t flices of religion at the hands of his priest. The Count, we learn, has made a will, by which he leaves the whole of his immense fortune to his nephew, M, de Linage." (laughter.) Judge.- You read that in the newspaper, do you say?; .'.',' . - Cretecorps --Oat, Monsieur, in a little paper which was sent me by a person who also owes me money. I had no sooner read the paragraph than I

I said to

From the B'Vior Whig. A CHILD LOST IX THE WOODS. A daughter of Mr David W. Exibar of Linneus in Aroostook county, on the morning of the 4th inst. uas sent by her mother to a neighbor's house, half a mile distant, to borrow a little f!ur for breakfast. The girl is only nine years of age. and in going through the woods, lost her way. The next morning about40 of the neighbors collected and went in pur-

dressed mvself and went to M. de Linage

him. "I yesterday refused to lend you the 200 francs

you wanted to borrow, but on reflection I am now wil

ling to accommodate you." Laughter. "Hold

your tongue," said he, putting one hand on my mouth

and the other on the money, much Liughter. "Let

us not trouble his. last moments Adieu, mon ami

leave me. I am much affected."

Judge. Very naturally. Cretecorps. Natural indeed; and I was fool enough to go away without ever taking a receipt for the moneyIn accompanying me to the door the servant said to me, "the poor Count cannot last out the day." "Good," said 1; "we shall get reimbursed for all our arrears." Much Laughter. Well I went down stairs, and in passing along the Boulevard, whom should I meet why, the old Count himself, whom I had supposed almost in the agonies of death, but who was on the contrary, complacently smoking his segar, and cocking his glass at the girls like a young fellow of twenty!" Tremendous laughter, in which the voice of M. Linage was heard above all the rest. Judge. How is this? Cretecorps. Why Monsieur, it was a trick of the nephew, AI. de Linage, who had got the paragraph inserted in the paper for the express purpose of getting my money, Renewed laughter. After questioning M. de Linage, who said it was only a joke to outwit his money-lender, the judge ordered the repavmcnt of the two hundred francs by instalments of 50 t'rnncs per month. Cretecorps, (on taking his departure) I never will again believe the death of your uncle till I hear his mass celebrated at the end of the year Liughtcr.

Eight days later f roni Europe. Later , new from C'liina Renewal of hostilities

Protracted debate in the British Parliament

---Uiecution - of' ttrme the- Regicide- Forma lion of a Ministry in Spain, etc. "V The Steamship Columbia arrived at Boston on Wed

ncsday afternoon, having made her passage in twelve

aays and hve hours. London papers are to the evening of the 3d of June, and Liverpool to the 4th, both inclusive.

She also brings dates from Bombay of the 3d of

Mayjust six weeks buck; and Canton to the 1st of

April, only 80 days since. The overland mail of Bombay, May 2. reached. London on the evening of the 2d of June. THE STEAMSHIP PRESIDENT. It, is almost

superfluous to say that no tidings of the President had reached England; and so little hope was entertained

mere of tier ever appearing, that the nnlinpny rela

tives of some of the passengers had gone into mourning, and ct Lloyd's a day had been assigned for the

settlement of the insurances.:

A London paper gives a pitiable account, of the dis

tress caused to Mrs. Power by the officious and per-

aps well-meant, but most unfeeling applications of

persons calling themselves friends of hcr husband, one of whom was brutal enough to make an offer for the

oue in which she lives, orefacing his tender with

the remark that . "it was all over witn poor rower, and of course she would not 'wish to keep so large an establishment." Hope was temporarily revived at Liverpool on the 2d of June dy the report of Captain Arbuthnot, of the brig Fortitude from Buenos Ayres, that on the 27th of May he had seen a large steamer, without funnel, foremast crippled and very large paddle boxes, steering n. n. e. -' , This was at first supposed undoublingly to be . the fresidunt, but the crippled vessel soon after arrived at Liverpool, and proved to he the ship London, from Yarmouth, Novia Scotia, which had been crippled in her foremast by striking an iceberg. Site had timber piled on her deck, which had been mistaken for paddie boxes by Captain Arbuthnot. Admiral Sartorius, of the Portuguese navy had sent out two small vessels of war, and the British envoy at,

Lisbon another, to cruise in search of the disabled steamer seen and reported by the Captain of the Condn de Palma, as noticed on the arrival of the Great Western in the hope that she might prove to be the President. Another Steamer seenProbable safety of the President. LIVERPOOL, June 4th. We have a great many arrivals of vessels from foreign ports to-day, and among them the Fortitude, from Buenos Ayres; the Captain (Arbuthnot) of which I

stales, that, on the 27th of May, at 5 P. M., lat. ,47 N., long 24 30 W., about 10 miles distant, he saw a very large steamer steering to the N E, without a funnel, crippled foremast, and large puddle boxes painted a dark color, with large square topsail set on the main topmast, a topgallant sail on the foretnpmast, and with fore and aft. sails. The steamer wus making very slow progress. This intelligence, communicated by Captain Arbuthnot, has excited the most intense interest here,

and many persons still hope that from concurrent cirr cumstances it may be the President; and probably the steamer seen bv the Portuguese brig Conde de Palma,

on the 23d April, in lat 31, and long 40. Others sup

pose it mav be the Britania steamer, from Halifax;,

but this impression is by no means general; towards

the close of the day the opinion is very strong that the vessel seen by the Fortitude will prove to be the

President; but it is at best mere conjecture.

The President. The vessel sCen by the Fortitude, and supposed to be a large steamer, disabled, was in all prabability the London, from Yarmouth, N.-'S.,

that arrived yesterday the description and position

of the disabled vessel agreeing with that of the Lon don- Liverpool Paper, June 4. .

: Liverpool, ... o, 15 h. m. the impression gains ground every hour that the steamship seen by the For

titude is the President.

THE PRESIDENT STEAMSHIP. The settle

ment of the risks upon the President entered at Lloyd's was to have taken place to-day, but was postponed to

the 11th instant, to allow further time tor news re specting her. London Times, June 3.

The principal featuro in the news is that the war

has again broken out in China, because the Emperor wouMnot ratify the treaty. The British have captured Canton, and all the forts on the river, without the loss of a single man. The trade is open to Canton, the owners of vessels running all risks. Canton was taken on the 25th of February; on the same day Chusan was given up to the Chinese. High Commissioner Keshen has been disgraced and sent to Pekin in irons. The Chinese lost 400 men. An American gentleman from Canton says the city is doomed to the flames. There are 200,000 Chinese starving in the neighborhood for want of employment, who are as ready to sack the place as the

sailors are.

There is a prospect of peace with Persia. Trade of all kinds is still dull. Money was scarce. The funds were flat: teas rose 3d. a pound. The cot

ton market was dull, and wiliiout any change of importance in prices. . The packet ships Cornelia and Roscoe have arrived out at Liverpool. The Independence had also arrived. The St. James had arrived at London. PARLIAMENTARY,--Nothing important has been done in either House. The debate on Peel's "no confidence motion" commenced on the 27th of Mav, and was continued next night. The adjourned

debate was opened by Sergeant Talford on the 2d June. Mr. Sergeant Talford, Mr. Grattan, Sir W. Follett and Sir George Gray were the principal speakers on the "want of confidence" motion. The debate was adjourned over to the 3d. All this time the House of Lords only set once or twice and then did nothing. DISSOLUTION OF PARLIAMENT. We learn from the best authority that the dissolution of Parliament will take place about the 12th of this month. The proclamation is ready and only waits the Queen's signature. The new Parliament is to meet on the 4th

of Aumist. Hereford Journal.

The House of Grant & Co.,.of Glascow, has failed

for 180,000.

The London it w ill be seen by the annexed, fell m

with the Paragon, disabled by running into the packet

ship Susquehannah: '

The London, iarmouth, IN. b. at Liverpool, iuav

9, lat. 43, long. CO, fell in w ith the Paragon, Liver

pool to Halifax, in a sinking state, having been run

aboard by a largo American ship the day previous.

and took off the crew. May 12th, lat. 43, long. 50' the London struck an iceberg, and lost bowsprit, maintopmast, &c. and stove in her larboard how. Shortly afterwards heard a crash, which was supposed to proceed from another vessel running against

the ice, and it is feared sunkbutjhe weatlierwas too thick to distinguish her. " . '-" T'.- -.. The delay of the steamship Britania hod already excited notice in Liverpool, arid one of the suggestions thrown out by the way of accounting for it was that she had fallen in with the President and was towing her to Liverpool. Captain Fayrer, formerly commander of the President steamer, has been appointed to the command of the mail steam packet Forth, intended for the West India mail service. The London papers announce the death of Sir Robert Wilmot Horton, for several years Governor of Ceylon.. Also of the Baroness de Meuck, mother of Madam Caradori Allen, in her 75th year.: . Also of Earl Fortescue, faiher of Viscount Ebrington, Lord Lieutenant of Ireland, in the 89th year of his age. The Lord Lieutenant is now Earl Fortescue.. ;: : The Salopand North Wales Bank has stopped pay

ment. Ihe liabilities are variously estimated from

35.000 to 150.000.

NEW LINE OF STEAMERS TO NEW YORK. We understand that the General Steam Navigation Company, whose number of vessels is fifty, intend establishing n regular communication between London

and Now York. A vessel is to '.start every fortnight from London for New York, and another to leave New York every fortnight. The company are to employ six of their first class ships, being about 1200 tons vessels, for this purpose. They are to carry the "". mails, and to limit their trade to the conveyance of passengers and light goods. The vessels are to call atPortsinouth and Southampton. London Shipping . Gazelle. . ARRIVAL OF THE OVERLAND MAIL BY EXPRESS. Malta, May 20, 1841. The Oriental arrived in port early this morning, from Alexandria, and brings a mail despatched from Bombay on the 1st instant, by the Berenice, which arrived at Suez on the 18th. - - AI.A. - MOST INPORTANT INTELLIGENCE FROM CHINA CAPTURE OF THE BOGUE FORTS AND THE CITY OF CANTON BY THE BRITISH The intelligence received from China during the past month is of a highly interesting and important nature. Our latest news from Macao is to the 31st March. Keshen's continued procrastination having at length exhausted Captain Elliott's patience, the Nemesis steamer was despatched from Macao on the 14th February, with the draft of a treaty for the approval and ratification of the imperial high commissioner. The commander of the steamer was ordered to wait

at the Bogue for a reply until the 18th, and in the event of his not receiving one by that day, to return immediately to Macoa. This he accordingly did on the 19th. Keshen not having made his appearance. A circular was then published, stating that the squodran was then moving towards the Bocca Tigris. On the following day Captain Elliott received a message from Keshen, in which the latter stated his willingness to sign the treaty, and excused his delay in not coming to the Bogue, when the steamer was there, by alleging that he had been detained by some piratical boats. This appears to have been a mere ruse to gain time. On the 24th February, a notification of the renewal of hostilities was issued to Her Britanic Majesty's subjects. Towards the close of the morning of the 25th of February, three howitzers and a party of Sepoys were landed at Chueu-pee, from the nemeses and the boats of the squadron. The Chinese kept a desultory fire while the darkness lasted. Before the dawn of day a battery had been erected with sand bags and the guns got into position. ; From these as soon as it was sufficiently light the British returned the fire of the Chinese. At 11 a. m. the tide served and signal was made for the squadron to weigh. II. M. S. Calliope bearing the broad pennant of the Commodore, led the attack

against North Wantong, followed by the Samange, Druid Wellesley, Sulphur and Modeste. The Blenheim, and Melville, with the Queen steamer, opened their fire on the fort at Chuen-pee. By noon, the action had become general, and their firing constant and heavy on all sides. In the mean time the Nemesis

and Madagascar steamers, with numerous boats in tow, ran in close to Ty Cock Tow, and landed the . troods under the command of Major Pratt.

Shortly afterwards the whole of the forts were in

possession or the JDritisn iorces. uniciai notuica-

tions were issued in the course of the day; one by the Plenipotentiary intimating the capture of the forts, the other by the Commodore, authorizing merchant vessels to proceed to the Bogue.

The number of prisoners taken at Lhuen-pceis esti

mated at 1000, and the killed and wounded on the side

of the Chinese are said to be very numerous.

The Island of Chusan has been evacuated and de

livered up to the Chinese, orders to that effect having been transmitted by Captain Elliott, when he was laboring under the unhappy delusion that the Chinese

were inclined to fulfil their promises of indemnity, The British who were detained prisoners at Ningpoo, were released as soon as the evacuation of Chusan was completed. ,

We have extracted various items of Chinese in

telligence from the Calcutta papers of the 30th of

April. On the morning of that day the Queen

steamer, from iuacoa the Hsi tuarcn, arrived at Cal

cutta with Commodore Sir James Gordon Blcmer.

His Excellency is said to hive come to India, for the

purpose of consulting the Governor General, and ob

taining reinforcements.

The British troops have possession of the factory at

Canton, but it would appear there is a provisonal Chinese government in the city. The Calcutta Courier states that the forcing the passage between the Bogue and Canton was most gallantly effected. The Chinese lost 490 men. The English had only six wounded, j ' We have been favored with private letters from Singapore to the 10th ult., Macoa to the 28th, and Canton to the 26th March. From these we learn that Canton was almost deserted. The Hong merchants remained on the spot, but said that the people were afraid to trade whilst the men of war remained on the river. The Chinese at Canton now believe that no traffic of importance can be carried on until the whole rpiestion is definitely settled. PROCLAMATION OF THE CHIEF SUPERINTENDENT. In the first proclamation, dated 6th of March, 1341, , Capt. Elliott savs "PEOPLE OF CANTON. "Your city is spared, because the gracious Sovereign of Great Eritain has commanded the High Log-