The Wabash Courier, Volume 16, Number 19, Terre Haute, Vigo County, 8 January 1848 — Page 2

THE COURIER.

JESSE COWARD, Editor.

"7~T E E~H A

SATURDAYv\v.%\JAN. 8,184a

NEW CARIIIE.—Should any of our tub ecribers in town fail to receive their pa per, wo hope to be immediately informed!

in order thai all mistakes ma be promptly corrected.

TIRO COLLEGIATE INSTITUTE.

By reference lo oar advertising ooi omns it wjll be «een that the male depart meot of the Vigo Collegiate Institute is •bout to be opened, under the profeaaor ship of R. T. BAUD, Principal. Profeesor BAIBD. we understand, cornea highiy rec ommended to the Bo*rd of Trustees who •ay they have the highest assurances of his eminent qualifications for the responai ble station to which they have iovited him

The building is a most commodious and beautiful edifice—-situated on the highest point of the town, and commanding fine views of the Prairie and surrounding country. Altogether we think the Instilote offers strong inducements for the coo aiderationof parents and guardians, and those who have children to place io the

way of education.

NEWS—ROADS.—The roads have been very bad for several days and news somewhat behind the times, at least, behind dates. We give several days of Telegraphic proceedings in Congress, as will be found in other columns from the

27th to 31st. Two deaths in Congress have occasioned some delay of business. Senator Fairfield, of Maine, died on the 24th. Mr. Fairfield was formerly a member of the Mouse of Representatives, and subsequently Governor of Maine and has been four years in the Senate. in the Mouse of Representatives on the

29th, the death of Charles E. Stuart, from Michigan, was announced, in consequence of which, no business was done, and the

Mouse adjourned* In the Senate, we observe that ex-Speaker Dr. J. W. Davis, of Indiana, has been nominated Minister to China, vice Mr. Everett, deceased. And John Rowan, of Kentucky, Charge d'Affairs to Naples, vice Col. Polk, resigned.

SOLEMN PHOCESSION. On Saturday last we attended the funerals of Dr. K. Daniels and Mrs. Mary Gould—both taken from the same house in one proces* sion. Two hearses together, each with its pall-bearers, and followed by a long train of carriages, passed slowly on, as the church-bell tolled iti solemn funeral note. In the long procession might be seen one mourner distinguished over others, who was at the same moment following to the grave a husband and a mother. The coffins ware carried down the two

oittles of the Congregational Church— meeting at the same time, were placed side by side on biers fronting the pulpit.

After service by the Rev. Mr. Jewett, assisted by the Rev, Messrs. Wallace and

Smith, the procession was again formed to the graveyard. Two graves were open-—the coffins were let down and covered simultaneously—thus closing a

scene not soon to be forgotton by the large concourse astembled on this solemn

occasion.

INOUNAPOUS —We last week mention ed that Mr. Kennedy was supposed to b* recovering from the Small Pox, with which he had been suffering at Indianapo lis. Mr. Kennedy ha* since deceased.— The Sentinel of January 1st has the fol

lowing: "We are pained to announce the death of Mon. Andrew Kennedy. He died at quarter past six, on Friday evening, the 31st of December.

In the death of Mr. K-. the State loses, in the prime of his life and usefulness, one of her most honored and distinguished sons."

The Journal of January 3d, says We are happy to say that the time usu ally allowed for the spread of the di*eas!. through thoee who were first brought in contact with Mr. Kennedy, before its n* litre was known, has already paused with out any new case. And as the utmost care haa subsequently been taken by those attending him in his sickness, to prevent its contagious effects, but little, ifany fears are entertained among our citizeos as to its further progress.

The Democratic State Convention is to be held at Indianapolis January 6th. The Legislature of Indiana is to re-as scmble at Indianapolis oo Monday next, the 10th inst.

The Whig State Convention is to be held at Indianapolis on Wednesday next, the 12th inst.

POLK AND UNCLE BIAS. Some writer in the Pa. Village Record, overheard Uncle Bias talking,thus: ••It's queer though I Mid Uncle Bias. 1 never thought of taking New Mexico be fore, fiiui Polk's right, after all, if they won't have the o!ive branch we'll give 'em the hickory, that's the way to makeVm good republicans, and it's clever of him too, to only take half of their bad, if it was a strong nation like England, he'd take all, if not more! he's right any how. and I've a mind to take Bill Beans' horse from him 'cause be don't know bow to

Kio

vern animals, no bow—be keeps 'em so I and there's Jabie Griffin, who's loo poor to manure his bit of land, 1*11 take that too, and give it to Bob, my nephew. Polk's a great man, he is! he's beginning to open my eyes and exfMnd my ideas, in fact, I'm gettin' progressive! lam though."

HARMONIOUS DEMOCRACY,

That thorough-going Locofoco paper, the American Republican

printed at West

Cheeter, Fenns., with its meet ultra Democratic Editor, tbos discourses the Hue* kytoan and Dallas factions io Peooaylra*

Bt?CTl%NAN AND DALLAS. On Thursday evaoiag last, tbe Democrats of Philadelphia had a meeting at the Reading Room, preparatory t» a central Maes Meeting ia support of tb« Administration and the proewwtion ot the War with Mexico. and we regret to be compelled to state upon tbe authority of a sterling Democrat not connected with either the Dallas or Buchanan faction, that the lamult and disorder that prevailed weraol aa outrageous character and disgracefal to all participating therein.

Was thete any ueersaiiy lor excitement of thia kind u« ewh an occasion Nona at all. It appeared to artae altogether from a desire on the part of the leaders of caeh ot the faetione alluded to, to secare the officer* ot the meeting, supposing that their would thereby commend themselves to the confidence and good will ol President Polk and hit administration, and ato ol rhe Democracy of the interior, and of other States Soeh conduct is deservedly reprehensible, and should be pointedly rebuked by ail who have at heart the honor, integrity, harmony and socceee of the democratic paity. If Bochanauiam- or Dallaaiam can do nothing belter tor the party than to excite to feuda of this character, the owner the party turns its hack opoo them the hotter We incline very strongly to the opinion that neither is deauaed to reach ihePreudeniial honor*at the election of 1

MS

If ih«ee fact ton* are determined to persevere in their rfioria to carry thie State, each for its particular favorite, we would eoggeat that the loaders pursue a somewhat different course from that apod which they started, and endeavor to pay some reepect to the character and harmony oi the party, fn some parte or coontiee of the State, it ia probable that a decided majority are in favor of Mr- Buchanan ia others a majority may bo equallr decided in favor of Mr- Dallas. Now when each is known to be the case, why should not the minority avoid every thing that looks like, or leads to strife or disorganisation! The contrary course can do no good, aad when attempted sr ill recoil upon the favorite of thoee engaged in it

Weshall probably take occasion to say a few worda on the sabject of the Presidency, in oar neat or the succeeding paper, end while we urge the propriety and policy of nominating Mr. Polk, mar. perhaps, bring in review, the claims,•njerits. and chances of success, ol other candidaiea. A little plain talk jaat now anight be of service to the psrty.

TOWN COUNCIL for PRESENT YEAR. 1st Ward—Jas. H. Turner and S. B. Gookins. 2d Ward—No returns. The old members (Messrs. Britton and East) hold over. 3d Ward—W, N. Hamilton and Wm K. Edwords. 4th Ward—Jabez S. Casto and E. W. Chad wick. 4th Ward—VVm. Nay lor and Henry

Fairbanks. At a meeting of the board on the 3d inst. S, B. Gookins was elected President.

LETTER FHOM MR. CLAY.—The Richmond Whig publishes the following extract of a letter from Mr. Clay, dated the 6th ult. to a friend in Virginia *1 have this moment perused on able pamphlet from the pen of Mr. Gallatin, in which, without any concert between us, 1 find that he takes similar positions to those which I hnd previously occupied.— He fortifies thein by a striking array of facts and powerful arguments. "1 am not surprised at the imputation of unworthy motive* to me for the delivery of the speech. That lua been so long my fortune, that I should have hoen surprised if it had not been made. Will they charge Mr. Gallatin, in the publication of his pamphlet, with being actuated by the desire to attain the Presidency 7 There is as much ground in the one caie as in the other."

NEW RUI.ES IN THE HOUSE OF REPRE SENTATIVES —The regular correspondent of the Philadelphia North American says:

The special committee appointed by the House to revise the rules for its govern* ment, will report some important alterations. Among others, it will be recommended to adopt a tribune for the speakers, such as is now used in the Chamber of Deputies. A register pertaining to each question will be kept, in which eve ry member may record himself for the debate, the order of apeuking to be deter mined by lot. A member may address the House from his sent or the tribune as he prefers. It is supposed this system will improve the character of the discussions and perhaps shorten them, for if the tribune once gets into fnvor, the demagogues who now consume the lime of the House, wilt hardly expose themselves to the artillery of the vigilant eyes and ears that will necessarily be attracted io them. A p^osy speech may be tolerated from the floor, but not from the tribune.

IN it E S IN S A IS I S The Washington correspondent of the Baltimore American furnishes that paper with some intetesting statistics, taken from the Report of the Postmaster Geoeral. Revenue received during the year, 93 945,893 Expenditures duting the year, 3,979,570 Excess of receipts this venr ovrr the last, (or 13 15 1000 per cent.) 458.693 Deficiencies of the year, 33,677 Letter poetage received during the year, 3,254,512 Number of letters passing through the mail. 52,173.480 Free let era annually, 5,000.000 Newspaper* auuuaiiy, 55.000.000 Pamphlets, 2,000,000 Dead tetters, 1,800,000 Poet routes, 183.818 Annual transportation, milee. 38,087,898 Receipts by Mat! for two years, $7,360,000

Of the amount due in this time, the delinquencies are ooly S2l.94S.and the delinquents 154 Postmasters of an aggro gate number of fifteeo thousand one huo ered and forty-aix. The Postmaster* changed during the year number 3,450.

Ports* Kuses AND QCKIJ»S.«—Rev. Dr. Baird. in a recent lecture, published in the Hartford Charter Oak, speaks of certain prir.ces in the following terms: •*The Pope is a man of fine talents, the be*t Pope Rome has had for many a day. He is enlightenrd and liberal in his tiewa. and though strongly attached lo the Ronton Catholic faith, yet desirous Itsly should take a higher stand among the countries of Europe. The Queen of England is a proud woman. She does no* poaaess greet talents, but smart—-end ••very year is becoming a better Queen. In private character, the f»ur worst mon archs in Europe, ere the Kings of Hono ver, Holland, Bavaria, and Naples. These Kings are notoriously vicious. The nthere are generally moral, many of tbem exemplary io private life."

INTERESTING NEWS FROM MEXICO. The New Orleana papers of the 18th and 10th ult. contain interesting news.

We (earn from tte$ New Orleana Picayune that the U- 8. steamer Maria Burt, at that port, left Vera Crus on the 5th inst. The Pieayune has letters end pa* pera from the city of Mexico to the 27th November.

The previous report of the arreeta of Gens. Worth and Pillow and Col. Dun oan,ii fully confirmed by thia arrival*

It appears that Gen. Twiggs was to have come down with the train from the city of Mexieo, leaving on the 3d instant, but in consequence of the arrest of Gen. Worth he was detained.

The City of Mexico "North Ameiicao" of the 20th ult. has ibe following article: "By an arrival from Querelaro at Vera Cruz on the 4th inst.,a communication was received from the English Secretary of Legation, Mr. Thornton* covering a Protest from Lord Palmerston, the British Minister of Foreign Affairs, protesting againat the forcible levy of taxes on Engliah residents in Mexico, for the purpose of aiding to support the war. These leviea were made aix montha since and paid by the English residents under protest, since which they have appealed to their government for protection."

The ports of Maxatlan and Guyamas are in possession of the American naval forcea.

The Mexicana claim having gained an advantage over a party of Americans, who are said to have landed from one of our vessels of war at Muiega,and, after fighting ail day,embarked again—ot least so the Mexican accounts say, and nothing has been received from the attacking party.

Correspondence oj the Picayune MExtco, Nov. 20. A correspondent of El Monitor, writing from Queretaro,saya that the greater part of the Governora of the different States were present at the seat of government/ and that with one exception (the Governor of San Luia) they were unanimous in favor of peace. The cessions were soon to commence, ond President Anaya proposes that no line of policy on the subject should be followed, except such as the States suggest, in order to get at once to the national will.

Gen. Bustament has been nominnted by the Supreme Government general-in-chief of the army of reserve, and commandant general of the Slate. His pre decessor, Gutierrez, is second in command, and Cortizar next.

Nov. 23.—Newa had been received at Queretaroby express that the Americans had taken possession of the port of Mazatlan with four ships of war. It appears to be generally credited, and El Monitor says it aggravates "in an extraordinary manner our desperate situation." Government has issued a circular asking re' sources from the Stales.

On the 19th ult. a corvette and frigate of the United Slates Navy entered the port of Guaymas, demanding a surrender of the place. The commander of the forces writes to :he Governor of Sonora that in order to prevent the horrible consequences of a bombardment he had concluded to remove his forces to Boccachibampo, out of reach of the guns, and there mnke stand, although he does not seem to think it will be a successful one.

Rumors were current in the city of Mexico that the partizans of Santa Anna had withdrawn from Congress in compliance with the instructions of their Chief, for the purpose of forcing that body to dissolve, not having a quorum. Theso partizans of Santa Anna all belong to the Puro party, and are for war to the knife. All the Puros, however, are not Santa Anna mon, and there are some persons here who assert that the reason they op pose the pence propositions is that they desire to keep the American army in the country until they can establish the Government upon a firm basis. In fact, I have been told that many of the Puro Deputies have written to their friends here, stating that this was their only reason for opposing a treaty of peace.

A General Order of the 25ih November issued by Gen. Scott from his Headquarters in the city of Mexico, announces thai under instructions from the Government at home, the Army will, as soon as practicable, begin to raise the means of its support from Mexico.

Frost tk« N. O. Picayufi*.

THE DIFFICULTY IN JUG ARMY. The difficulty among prominent officers of the the army appears to hate been quite as serious ss wss apprehended We publish here the orders of Gen. Scott reflecting upon the officers under arrest Ther betray no liitle temper-perhaps we should say ascerbity of temper

GENERAL ORDERS NO. 3. WAS Darsrratirr. Aw. GKKL'S Omct Washington, Jan. 28, 1847. The following regulations have been received from the War Department.

Dn»AKTWtffT,

Washington, Jan. 28.

The President of the United States, directs that paragraph, £90 of the General retalations of the Army established on lbs 1st of March, 1825. and not included among those poblishod January 15, ISt 1, be now published, and that its observance as apart of the general regulations be strictly enjoia ed upon the army. W. L. MARCY.

Secretary of War.

The following ie the paragraph of the General regulations oi the Army, established on the 1st of March, 183$, referred to above "650. Private letters or reports, relative to mi litary marches and operattooe, are frequently mischievous ia design, aad always diagracefal to the army- They are, therefore strictly forbidden and any officer foand guilty in making sock report for peMioatiea. without special permission, or of piac inf the writing beyond hts control, so that finda its eray to th« press, wiihia one smith after the termination of the campaign to which it relates. shall bo ism Heed from the servk*."

By eommaad of Major Gen. Seott. General. (Stgaed W». FREEMAN, A. A. Gee-

GENERAL OR HER 8—NO. 3»4 RttnqeiiTiM or A»mr, I Mexico, No». if. 1M7. I The attention of certain officers of this army is eall to the foreign regelatioa, which the gesera)-in-chief is resolved to enforce eo tar aa it otay be ia his poorer. .. .. I

As yet bet two echoes from tome of (heSnthan operatioaa of oor arms in this hosin have readied os the first in a New Orleans aod the ssoattd throogh Tamyeo newspapers.

It requires not a tittle charity to believe that the principal heroes of the scaadatoes leiien altoded t« did not write them or specially praeere them to b« written, and the intelligent eaa he at ao leae in eanjecwiai the authors—flhiofo, partisans aad pet tasaiiiafs- To the ho»ar of the eervtoa. the issese praneecy of faaw, net earasd-caaaot bavestned

apen half a doaan officers [present] all of wbeai, it is believed, belong to the two coteriesFalse credit .atay no doubt, be obtained at boms, by such desperate salf puffingsand malignant ex* elusions of others bat at the expeaae of the jast aaiaam aad eoMtderatioa of all heeorsble officers who love their eoeniry, their profession, sad the truth of history, Tbe indignation «f lbs great number of the la (tar slaas cannot fail, in iha and, to bring down the eoaseited and tbe savioas to their proper level.

By com mead of M»j, General Scott H. L. SCOTT,

A. A. A. O.

The tatters alluded to by Gen. Scott aa''tbe echoes Irom home," are evidently the "Leonidaa" latter, and the other a (attar which appeared first ia the Pittsburgh Post, waa thence tranaferred to the Union whence wa copied it on the 8th October, with oema introdaciery remarks aed the whole appeared in a Tampico paper, in which Gee. Pcott aaw first tbe latter. Upon the publication of Gen Scoit% orders, giveo above, Lieut. Col. Danean came out promptly in the North American with the following frank avowal of his connection with the "Tampico letter," so called/ According to ihe North American the "Tampieo letter" wae compiled from two letters written by officers of the army io a brother officer in Pittsburgh, for hie eye along, Bat read what Col. Duncan haa to say ol jj "w *F )4- tn

MEXICO, Nov 19,1847,

To (As Editor of Oe Nor Ik Amtrica* 8ir, I herewith preeent a copy of the "Tampieo letter," characterised as "scandalooa.n "deapicable," "malignant," Ac., in General orders No S49, published ia the Amerieon 8tar this morning.

To the end that the true character of this letter may be known. I desire that yon republish it in your paper and that none of my brother officers may innocently suffer for publication so obnoxious. I hereby pablicly scknowledge myself to be itssuthor. The substance ol it I communicated from Tacubsya soon after the battles, in a private letter'to a friend in Pittsburgh.

The statements in iha letter sre known by very many officers of the army lobe true and I can but think that the publication of the truth is less likely to do violence to individusls or the service thsn ihe suppression or perversion of it.

Justice to Gen- Worth—who is evidently one of the "heroes" pointed ont in order No. 349—requires me to stste that he knew nothing whatever of my purpose to write the letter in question' nor thst it had been written till well on its way to its destination he never saw, nor did he know directly or indireetly,even the purport of one line, word or syllable of it, till he saw it in print, and he is equally ignorant of mr design to make this declaration, which I do. as I wrote the letter unprompted and on my own responsibility.

Very respectfully your ob't serv't, JAMES DUNCAN, Brevet Lieut. Col. U. S. A.

After the publication of this letter Col. Duncan was placed under arrest, and subsequently Gen Pillow was orrested, and next Gen. Worth. The North American is of opinion that Gen. Pillow was not arrested on account of the "Leonidas letter,'* but on the following grounds

There has been another arrest, that of Gen. Pillow, one of

the

chiefs aforenamed, but not. as

appears, on account of the letters of which he is the hero. We hear, generally, that the cause was this General Pillow having taken exceptions to the finding of a Court of Inquiry, which finding has been approved by General Scott, addressed a paper relating to the matter to the Secretary of Wsr, through the Commander-in«Chief, preserving a copy, which he avowed, in a letter accompanying, he had tent (or would send,) directly to the Secretary at Washington. This transaction it judged to be a contempt, and for the so judged contempt,Gen. Pillow isarrested.

Gen, Worth's arrest is thus noticed in the North American, ol the 26tli ult: The last arrest occurred yesterday—that ol Brevet Major General Worth, and the charge ir, we believe contempt towards the commander-in-chief.

Correspondence of the Baltimore American. WASHINGTON, Dec. 27, 1847. The Senate proceedings to-day were confined to a notice of Mr. Fairfield's death. The prayer of Mr. Gurley, the Chaplnin of the House, was very impressive. So also was the notice of the deoth of Mr. D. by his colleague, Mr. Bradbury. the New Senator from Maine.

The notices mnde of this sudden death throw no new light upon I lie cause of it. seems that Mr. Knirfield received hi* friends as usual on Friday, and that he was in his usual health.

The operation was submitted to in the expectation of immediate and permanent relief, but severe pain followed, until 20 minutes before eight o'clock he died.

The communication of the death preceded any knowledge of his illness, and produced an appalling effect upon his friends.

An impressive address wns made by the member from Mr. Fairfield's district, in the House of Representatives, Mr. David Hammons.

The funeral will take place to-morrow at noon from the Senate Chamber, when a funeral addreas will be delivered by the Chaplain of the Senate.

The Court Martial sitting upon Lt. Col. Fremont are making the aame slow pro* press in the prosecution of the trial There are so many cases of Isw and precedent raised that it seems impossible to make much progress in Ihe business of the trial. Mr. Benton, with the obstinacy and perseverance peculiar to him, atands by his client and son-in-law, and it will certainly not be the fault of counsel if Col. Fremont escspes acquittal.

I hear from good authority that this trial will cnet the government at least tix ly thousand dollars. Witnesses have been brought here not only from the extremes of the Union, but from the extremes of the Continent.

The committee on Clsims in Congress are crowded with business snd among the scores of petitions alreedy presented are thirty or more growing out of claims incident to the war with Mexico. Some of these are nearly one hundred thousand dollars in amount, and many of them are very larga.

One is for horses necessarily taken for the public service by Col. Doniphan while on his march to Chihuahua, and the claim ant alleges that this seizure of his horses was the csuae of a still fniher loss of pro perty in goods which were alao taken.

Another claim is for the horses taken from the Encarnatinn priaoners, of which C. M. Clay and John P. Gaines were par ties. These claims are bet the beginning of the end. If they were many growing oot of the Florida war, they will be legion as the coo sequence of the wer with Mex ico.

TELEGRAPH TO THEPACIFIC.—The St. Louis papers are talking of extending the magnetic telegraph from that place to the Pacific. The distance is 2000 mites, which at $150 per mile would make the total coat $300.000. Whitney's project of connecting the Atlantic and Pacific by means of a railroad is likely to be anticipated by the telegraph.

ARRIVAL OF THIS STEAMER

IJIOERNIA.

Additumml Fmilufte-Monef becoming emtirr— StmM if England Mdt tlO.OQO.OOQ Spe*»ilarht* g*ntr+Uf Afwetssd—CefAHS itdinti

MM ForUunf—Smitntthnd becoming f»iet— EsjtultUm of JeiuiU—AmiriGtn Ormi* end Froinre depretted—/laiy lr*nfuU— Irtl*nd In an omful condition—Admmce if tks Ckolerm— Jtsyai B*nk of Limped returned, |re., $«.

[Cmrttpondenct the Louinille Cearisr] I IT S BOSTON, Dee. 25,1847i The steamer Hibernia arrived in port thia morning. By her arrival we have intelligence of additional failures, of start ling magnitude, which had transpired pre* vious to the 27'h of November. Since then money hee beeome a little easier, and the Bank of England haa reduced bar interest to six per cent. The Bank, it is reported, holds ten millions of specie.— Manufacturee are fast improving, funds are improving, and everything is looking better, and a more cheorfut and brighter prospect ia presented, than the aspect of affairs* eome time previously, could eeem to warrant the moat sanguine to hope for. The markets, however, are generally depreesed.

The difficulty in Switzerland has been amicably adjusted. Lucerne has surren* dered to the federal army, and Sunderland has been dissolved. The Jesuits will be driven out from the country.

A slight improvement had taken place in cotton, prior to the arrival of the Cal edonis, which brought flattering sccounls of the new crop, when prices receded one farthing* *We quote Louisiana ordinary to middling at 33 3-8 to 4$d and Alabama middling to ordinary 3 7 8a4|d.

Mobile flour, free, 28a29s and 28s 6d, Richmond, Philadelphia and Baltimore, 26a27s. Orleans and Oh*o wheat, per 70 lbs, 6a8s 5d. Corn per quarter 32a 36«. Corn meal 15a 15 6d. American grain and produce is represented as being much depressed.

Ireland is in a truly awful condition. I aly is becoming tranquil. Parliament is engaged oo CQPfnercial and financial affairs.

The Cholera is in Prussia. The Royal Bank of Liverpool has resumed.

NEWS BY THE HIBERNIA. In the House of Commons, on the 30th of November

THB CHANCELLOR OF TAE EXCHEQUER rose to move tor the appointment of a select committee to inquire into the causes of the recunt commercial distress, and how far it hns been affected by the lawa for regulating the issue of bank notes paya ble on demand. In so doing he entered into an elaborate statement, explanatory of the circumstances which had induced the government to issue the letter of the 25ih October, and tho causes which, in the opinion of the government, had chief ly contributed to the recent distress. The alarm and panic which recently prevailed were such thai no bank act could have prevented the revulsion which ensued.— It was, therefore, no condemnation of the act of 1844 that il had not prevented it.— The government had interfered because il believed that the circulation of the coun try was paralyzed by the alarm and pan ic from which it became necessary to re lieve it. The right honorable gentleman then went into a lengthened account of railway transactions in 1846, the com mencement of the present yoar, and of the policy of the bank during that period, an imadverting with some severity on the conduct of that institution, for at one time unwisely letting out its reserve, and at another suddenly curtailing its operations by raising the rate of interest. The first failures that took place in August last were those houses engaged in the corn trade—failures which were scarcely to be wondered at, considering the extraordinary fluctuationa which had taken place in the price of corn—and failures which, in his opinion, were solely attributable to the miscalculations of those engaged in tho corn trade. He considered it unfortu nate that the bank had come to the decision in September to advanoe to the 14th of October, on exchequer bills at five per cent. The low rate of interest had effected but little alteration in the business of the bank itself, but it acted prejudicially in giving an ill-grounded confidence to many parlies connected with the money market. Up to the month of October last there was no inadequacy of bank-note circulation, nor was there any difficulty in obtaining that accommodation usually given in the shape of discounts by the bank. The pressure, as he had already said, had been caused by the abstraction from trade of available capital. To show the extent lo which this abstraction had taken place, the right honorable gentle man first adverted to the amount which had been drained away by purchases of corn during the lest fifteen months. The first cost of the corn imported from 1840 to January, 1847, was £5,130.000 of that imported from January to June of thia year £14,180,000,.and of that imported from July to October, no less thsn £14,240,000 making in all £33,000,000 paid for corn during the last fifteen months. With the same view the right honorable gentleman then adverted to the enormous railway expenditure which had taken place since the yesr 1841. This was one of the chief causes of the present distress, it being impossible thatsolsrge a proportion of the floating capital availa bie for trade should be converted into fix ed capital without a pressure being caused. As to the failures which had occur red, parties accounted for them in two different ways. One party attributed them to the stringent operation of the bank act, which curtailed the circulation.

Another, to the undue abstraction of a vailable capital, and the undue expansion of credit. He left the House to judge io which of these they were justly to best iributed, reminding them that he had a I ready shown that the *bank note circula tion was not materially contracted when this took place.

In the House of Lords on the 2d tilt., The Marquie of LAKSOOWNE proposed thst a select committee should be appoint' ed to inquire into the causes of the recent commercial distress, and as to bow far i' had been affected by the law regulating ihe issue of bank notes payable on demand and in doing eo entered at cooaid era ble length into the state of the country for some period back.

Several other Lords addressed the House, approving of tbe appointment of tbe committee, efter which tbe motion wee agreed to neat em.

INDIANA INTEREST AND DEBT. The revenue in Indiana is not general* ly made available lo the Treasury before March. The amount io the Treasury ap plicable to the interest on the Stale debt, due the 1st January, 1848, falls short of the amount required, and it has, therefore, become necessary to anticipate a portion of the revenue* in order promptly to meet the interest. This, the Legislature before Us haaty adjournment, authorized. The January interest will therefore be promptly met, and no fears are entertained for the future. Indiana is too proud of her position as a debt paying State to suffer her interest to remain uo paid.

For the year ending 1st November, 1847, the tolls received oo the Canal acnount to 9125.982:71, an increase of 920,725:67 over the receipts of last year. The present Trustees took possession of the Canal the 1st July, 1847, and since then the receipts have amounted to about •70,800, excelling, hy a boat $16,000. the receipte of tbe corresponding period laat year.

The Canal is finished to Coal Creek. Parke county, 168 miles in the State of Indiana. It is under contract from Coal Creek to Terre Haute, 36 miles, which section is to be finished by November, 1848. The remaining 150 miles to Ev* ansville, is to be put under contrsct immediately. 98.143.000 of the State bonds have been subscribed to the Cnnal loan of 9300,000, a little leas than 10 per cent.— No more can be allowed to aubscriee.—The paymeot of the unsubscribed stock, principal and interest, is payable until the subscribed bonds sre paid, principal and interest.

The receipts for land sold bv the Trustees amount to upwarda of 900,000, of which 928,176 ia in available funds applicable to Canal obligationa. The first instalment of interest on the Canal 6 per cent, loan certificates is in hand, and will be paid the 1st January next, when il falls due, and this interest will be hereafter punctually paid.

The progress of the Trustees so far, is very satisfactory, and gives assurance of good management hereafter.—Gin. Gaz.

U. S. SENATOR FROM ALABAMA.—The election by tbe Legislature of the State of Alabama for a Senator of the United Stales, to fill the vacancy occasioned by the expirolion of ihe term of Hon. Dixon H. Lewis, was brought to close on the 13th ult. when, on the sixteenth balloting, that gentleman was re-elected to serve for the term of aix years. The letter which gives the result of this election, says the National Intelligencer, accompanies it wiih the following remarks:

,%This

is viewed here as a triumph over

the Administration party. Mr. King was notoriously the favorite of the heads at Washington, as mnde known through the organ there and the especial friends of the President in this State were open in his advocacy. On the day of election, 'a Card* appeared in the Democratic p$Her here, 8igned by many Democrats, nccu sing Mr. Lewis of infidelity lo the President, and demanding of him a denial.— None was given, and Mr. L« was elected, getting the vole of a majority of the party and many Whigs from the first. All those Democrats who agree wi'.h Mr. Calhoun supported him, and triumphed, with some Whig assistance. The 'War and Conqnest' policy of Mr. Polk has not before received such a rebuke as this from such a quarter."

In the National Intelligencer, of the 22d inst., is Ihe following paragraph in regard to the overwhelming vote of the House of Representatives upon the power of the Government to make appropriations for internal improvements—a power denied by the President in his Veto message

THE VETO POWER OUT-VOTED-—Yes-( terday was a day to be remembered in the annals of the House of Representatives.— By a signal exertion of political independence, by an assertion of legislative au. thority, openly contemned and defied by the Executive, in the matter of '.he improvement of the lake and river navigation of the West, the House has done itself undying honor. By tho vote upon the proposition introduced by Mr. Wentworth, of Illinois, affirming principles di* rectly adverse to the late and preceding veto messages of the President, the House has recognised the true theory of our Gov« ernment—and, we had like to have said, haa re-established the Constitution of the United States. The greatness of the majority (being about thirty votes more than two-thirds vote) ia most gratifying, because it assures the country that the poli cy of internal improvement is, so far as the popular branch of Congress is concerned, beyond the reach of tho veto's deadly fang.

Honor to the House of Representatives, say we.

TER9IILLION WHIG MEETING. The Whigs of Vermillion county held a meeting at Newport, on the 30th ult.— Owing to ihe shortness of notice, the high waters and extremely bad roads, the meeting was small.

On motion the meeting wss organized by appointing Milo Gookins^ President, and D. Weliz, Sec. On motion, the fol lowing gentlemen were appointed dele gntea to attend the State Whig Convention to be held at Indianapolis on the 12th day of January 1848, to-wii:

Highland Ttp.—Isaac Chenoweih, Esq.. A Small. Robert Moffat, George McNeil, Robert Gessie, and John Russell.

Eugene—Dr Waterman, Joho Porter, Lewis Jones, John Collett, Jacob lies, and Win Curtis.

Vermillion—*Charles S Little, John Hopkins, Lowry. W Salo, John GCrain, and A McAllister.

Htlt--Ashlev Harris, Esq., David Merriweather, Aquilla Nebeker, Arthur Pey ton, Edward James, and James SWj«h

Clinton—W Dole, Wm Kile, John Davidson. Alonzo Lyons, John Payne and Dr I S Palmer.

On motion it was resolved lhat ihe pro ceedings of thia meeting be published in the Wabash Courier and Wabash J£x P'®*®' is ».* .»*

On motion the meeting adjourned. MILO GOOKINS, Pres. D. WELTZ, See.

A fair wheeled carriage, with brown ornaments sail tree wheals, has beaa recently discovered ia a Hwea story beess dog eat at Pempeiif

TERRIBLE CATASTROPHE I Explosion of the A. N. Johnson—Seren* ly persons Milled, and thirtyscotn dan• gerousljf Wounded.

CINCINNATI, Dec. 30,10$ A. M. The steamer A. N. Johnson, bound lo Wheeling, from this port, with 159 pas* sengers, blew up with a tremendous ex* plosion, on Wednesday morning, the 29th inst., ten miles sbove Maysville, Ky.iW

One of the boilers was thrown two hundred yards from the boat, and part of another was ejected to a distance of upwsrds of three hundred yards. The explosiou of ihe boilers caused tbe boat lo take fire, and she burnt to ihe water's edge. It is supposed that seventy lives bavo been lost by this terrible catastrophe. Of the number not killed, but who are seriously ia* jured. 37 are not expocted to survive.

The steamer Daniel Boon being near this scene of desolation and destruction, promptly came to the assistance of the distressed, and look the surviving officers and others lo Maysville. where every attention was paid them. The only bodies that have as yet been found, are Redman A* Fairchild, 1st engineer, the clerk, J. Lyle, 2d engineer, 5 firemen, and two passes* gers whose names are not known. "T

The A. N. Johnson was an entirely new bost, just built at Wheeling, and in* tended aa a regular packet between Wheeling and Cincinnati, and when the exploaion occurred waa on either her first or second trip.

A TAYLOR INCIDENT.

When Gen. Taylor debarked from the steamboat which brought him to this city, from the Barracks, his path was' beset with thousands of admirers. Each one wished to grasp the war-worn veteran by the hand—each one to look for at least once upon the features of a man, who, in the bloodiest fights in Mexico, preserved an unruffled countenance. The dense mass crowded around the 'old man brave/ and the air was filled with the shouta of those who bnde him "welcome!" A near relation of the old General waa walk* ing with the worthy Alderman——, ot the First Municipality Council. A stout old fellow, who looked as if he had gone through the wars, kept nudgiug and nud* ging his way through the crowd, when at laslihe Alderman told him to desist. ••Sir," said the Alderman, "don't you see that the gentleman who is hanging on my arm is aged and infirm? Why do you crowd us ao?" "Can't help it, boss," exclaimed the intruder, as he threw his hat into the air. "can't help it Must see the old man Jist lei me look into his darned splendid old features once, and then you may sheve me right into the river!"

The tarpaulin patriot was introduced to the General without delay» after which he went on "hia way rejoicing."—Delta.

OREGON TELEGRAPH. It is a pleasure to know, that certain gentlemen from the western part of our State, while in St. Louis the other day, made such arrangements with Henry O'Reilly, Esq., as will lend him, at once, to push the line of telegraph to Independence, whence three days work will take it to Fort Leavenworth. Next spring, it is hoped, the President in his cabinet, may correspond instantaneously with the western boundary of our great family of States. The question suggests itself, at once,—can the wonderful work, prosecuted thus far with certainty of effect,—the full importance of which immense distance alone has made us realize,—can it stop here ?We rejoice to know that the farther it goes, the farther it is bound to go and that the people of western Missouri, with one voice, cry onward to Oregon!— They best realize the fact that the Union has been tied indissolubly by a magic cord they best can estimate the difficulties in extending that same small but potent nerve to the Pacific, and they most clearly see its rationality.—<St. Louis Reveille>. ———————

The Hon. J. R. Poinsett, formerly Sec* retary of War, subkequently Minister to Mexico, has recently written to Washington that ihe attempt to sustain our army by contributions derived from the external and internal commerce of Mexico will prove ridiculous and futile. Few men in the country have devoted more attention to the condition and affairs of Mexico than Mr. Poinsett,and few understand the true character of her people more thoroughly than hedoes. His opinion, therefore, con* tidered in Ihe connection with his long residence in Mexico and his ocknowledged ability, is worthy of some attention. Alex. Gazette.

Gta. Scorr —The following snecdote of Gen. Scott, in the late war, ia told in Robinson's Sketches of the Army:

When Scott was esptured, he had supped with hisespior. Gen-8hcsfTe, and while at the table wss asked if he had ever seen the Falls. He replied, only from tbe American aide. An officer of rank near him, rejoined—"before you can enjoj that pleasure, Colonel Scott, you must win a battic.*' Scott turned sharply to him, and said. "If you sought to insult me, sir, courtesy dictates that you should first hsve returned me my sword

Gen. Shesffe immediately rebuked the Englishmsn, snd the mstier dropped. Among tbe prisoners tsken at Fort George wss this Colonel, also badly wounded. Scott being unable to get bis own horse from the boats, borrowed that of hia prisoner, snd gave orders that the officer should be treated with all reepeci. The horse waa returned to him, and he wss carefully treated and permitted to return to England on parole, at a time when there waa no exchanges effected.

When he parted with Scott, the English officer id, "Iowa yoa an apology, sir yon can now vieil tbe Falla whenever you please

"Rivgturo I* THE HALLS or TBI MOXTT.ZCIIAS." —A private, acting aa clerk for General Pearce, writes."Oor menareaasassinsted here in tbe city nightly by the Mexican renegadoea, who make a practice of killing all they coma across who do nob happen io have any armsaboat them. Ther do. not slwsyscome out right, lor last night one oft oar men was stabbed at the theatre, and the id dragoons turned out and killed about twenty Mexicans, before they could be stopped. This is thestate of things in the ci:y st the present lime.

To let you know how batile and sickness have thinned the army new in Mexico city, I wilj^ state one instance of my own company, which consisted of ninety-five good men when we stsrted from Toledo, but is now reduced to about eiateen men for dniy, the remainder being.euher ia the hospital or dead."

MEDTCAL MEETING.—The proceedings of the Medical Meeting io relation to the death of Dr« Daniels, shall appear-next week* »r *-w» van

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