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NEW SERIES. No 20-VOL. III] BALTIMORE, JAN. 9, 1819. [No. 20-Voz XV. WHOLE No. 384.

THE PAST-THE PRESENT—FOR THE FUTURS,

PRINTED AND PUBLISHED BY H. NILES, AT $5 PER ANNUM, PAYABLE IN ADVANCE.

The never-ceasing desire of getting as much | States, let them pay up, and then grumble-but matter into sixteen regular pages as makes 18 or until then hold their peace, lest they be suspected 20, generally causes us to have a large quantity in of impudence; and of craving for themselves that type. Thus situated at present, to regain the use which they never extended to others, in similar of some of our type, we issue a half sheet as SUP-circumstances. PLEMENTARY to the last number of the REGISTER.

We have thrown Mr. Adams' letter to Mr. Erving into the last of our sheet, that yet further documents concerning our relations with Spain may immediately follow it, in our next. We shall use our small type for these, and publish them in a supplement-though few will read them, no one would be pleased with their omission, as they may be wanted for reference.

We have a collection of items of foreign news, needful to be preserved, but which must be post. poned. There is nothing important among them, however, except an account of the decease of the queen of England-the old lady died on the 17th of November; and some speculations, &c. about Bona. parte, and a rumored discovery of a plan to effect bis escape.

The committee of the house of representatives, for investigating the affairs of the bank of the United States, having finished their business at Philadelphia the day before Christmas, it seems agreed among themselves that messrs. Spencer, Burwell and M Lane, should proceed to look into things at Baltimore; Mr. Lowndes, to take a peep into the office at Washington city; and Mr. Tyler, to examine the state of the concern at Richmond. All we yet know is-that the committee jointly, as well as since its separation, has been jointly and severally, with great apparent industry, employed on the subjects submitted to their consideration. Their report may be expected next week.

--

It is stated that most of the "Independent Banks" of Kentucky, lately represented in conven tion at Glasgow, when it was resolved to suspend specie payments, have refused to ratify said proceedings, and continue to pay specie as thereto. fore!

"Two or three" banks in Ohio, still pay speciebut there are very few of their notes in circulation This state is a prey to Jew-brokers and bank directors, more, perhaps, than any other. The legislature is disposed to try to do something to soften the operations of the system. To retire their notes from circulation and make a shew of solvency, it is said that some of the banks have given written obligations to the branches of the U. S. bank, for very large amounts. Bank directors ought not to vote on any question touching an enquiry into the conduct of such institutions, in any legislative body.

Error corrected!-"Whose palace is that?" said a British tourist to a stage driver, just leaving a lit tle village as they passed an elegant mansion. "It is the president's," replied the stage driver. "The president's!-why, zounds, I thought the president lived in Washington city." "So one of them does," said the stage driver, with perfect composure"but the president I mean, is not the president of the United States; he is president of the Moonshine Bank!!"

The above may have many locations, without If all the statements, reports, declarations, noti-the least injury to the point of the story. fications, exculpations, refutations, and as many other ations as would fill ten or twelve lines relating to banks, which have appeared within the Jast three or four months were published in the REGISTER, the doggrel of Jonathan's visit to town might be taken for a motto:

"He swore he couldn't see the town,
There were so many houseal”

Or, in honest Paddy's phrase, there would be "so much about them that there would be nothing at all in the paper."

The people are alive to this great concern and will rectify it.

The bank of the United States has declared a dividend of two and a half per cent. for the last six months. This is well. If the first dividend had been at this rate, it would have prevented many injurious impressions.

Things are turned topsy turvey. Banks that other. wise stand fair and make the lowest dividends, re considered the best!

A number of the state bars are crying peccavi, on account of the oppressions of the bank of the United States, as they call them. Let us be just -if, as at Cincinnati, any of them are "over head and ears" indebted to the bank of the United Vol. XV. 27.

Money is scarce in Europe. In Russia, Prussia, Austria and Spain, all supremely blessed with a "national currency, "of paper, the circulating medium might bear a comparison with the notes of the Owl Creek bank, except there is a hope that it may get better by and bye.—The interest for money has raised in the Netherlands-it is worth 5 per cent. at Amsterdam, and 7 12 at Antwerpand at Hamburg is quoted at ten. France also feels a pressure-her 5 per cent. stocks are at 69, but they are sold for cash;the 3 per cents in England are at 77 to 78-and they are nominal, or if really sold at that price, paid for in paper. In that country also, there is a project to raise the current va lue of the precious metals considerably above the standard value. This is a sorry expedient-it may afford a temporary relief, but will be productive of permanent injury.

Counterfeits. A gentleman residing on the Missouri, on our returning to him a counterfeit bill, observes-"that most genuine notes are as really counterfeits as any other!" Indeed, some of the deceptions are worthy of slight of band-men. A person this day paid us a note, which he receiv ed as having been issued at Philadelphia-and so it was; but, unfortunately for him, it was "New

Philadelphia:"—the "new" printed very small and important-the whole amount of U. S. stock paid in,

the "Philadelphia" very large-ad captandum! Is this right is it, indeed, lawful?

Several plates for making bank notes, and many notes partially manufactured, were found deposited in a hollow log, in Hopkins county, Ky. A fellow named Bayley has also been detected with six other plates for making notes, in his possession.

as capital of this bank, was $13,872,610 66. See what we said about this in Vol. XIV of the REGIS TER, page 20. The amount which it was expected would have been paid in, was-twenty-one millions. The table that exhibits the preceding is a curious one-it calls the deposites and discounts, "stocknotes and all"-COIN! The bank still holds 430,926 dollars 60 cents, of the funded debt, besides the 5 per cent. stock created for a part of its capital, and fits whole capital is given at $34,972,568 63.

A famous counterfeiter, named Briggs, has been detected at Boston. He had a large assortment of bills-from twenty to twenty five, of different denominations, on different banks! We do not It is evident that this letter was not satisfactory to think it necessary to particularize them. Many the senate, else that body would not have so long genuine bills are as much counterfeits as those deferred acting upon the nomination of the presi found in the possession of Briggs. But the makers dent; who, eight or ten days ago, recommended a of the former escape, whilst this little dealer is re-appointment of the old directors-as stated in purished!!-SO MUCH FOR A NAME. another article below. They were willing, at Terrifying. One of the banks at New York re-least, to hear the report of the committee of the ceived twenty-two 100 dollar bills of the Bank of house of representatives. America (a bank in that city), and another bank received pie or two more from the same manufactory → which were altered from some other denomination. Crimes connected with banking, multiply upon us as time rolls on, like a snow ball; and the wisest heads of our country are needful to check their progress, whether committed by incorporated speculators in open day, or gangs of unincorpo-this subject have somehow leaked out-it appears rated scoundrels in the dark.

On Wednesday, the 30th ult. the senate had under consideration the nomination of the presi dent for directors of the bank of the United States, on the part of the government, the five old direc. tors, Messrs. Jones, Butler, Connelly, Williams and Browne. The secret proceedings of that body on

that a motion was made to suspend these appoint. ments until the result of the recent enquiry by the Stute of Maryland and United States' bank. house of representatives should be known.-This It is well known that the state of Maryland, le- was opposed with great warmth-it would sanc vied a tax upon the branch of the bank of the U-tion the imputations thrown upon the directors, nited States, located at Baltimore, and that all the banks in this city are in like manner taxed. The case is yet undecided; a letter from Annapolis, of the 19th ult. says-"The house this day decided on the expediency of employing counsel in the case of the resistance of the United States bank, to the taxation imposed upon that institution by the legislature of this state; and passed an order requesting the governor and council to employ what number of counsel they shall judge expedient to manage on the part of the state, the case of "James W. M' Culloh vs. the state of Maryland and John James," being an appeal from the court of appeals on the Western Shore, to the supreme court of the United States; it having been decided in the former court, that the said bank was constitutionally liable to taxation, which is the question on which the appeal is made."

The "letter from the secretary of the treasury, transmitting sundry statements from the bank of the United Stutes, of its concerns and transactions, in obedience to the resolution of the senate of the 15th April last," though read in senate on the 7th of last month, was not printed and laid on the desks of the members of congress until Wednesday the 6th instant! It contains about as much matter as would fill three or four pages of the REGISTER.-But, we were favored, at three distant periods, with three extracts from, or abstracts of, this "letter"-the rea der may find them in pages 282, 328 and 345 of the present volume, and put them together to get "a view of the whole ground," as well as he can. We frankly confess, we are not pleased with the dilatory, half-way manner in which the letter has reached us: the meagre facts it contains have lost much of their interest and utility by it.

might cause the turning out of Mr. Jones from the
presidency, &c.-but, by the yeas and nays, there
appeared 20 for and 14 against the postponement.
The election by the stockholders coming on at
Philadelphia on the 4th and 5th inst. the following
gentlemen were appointed directors of the institu
tion, for the ensuing year:
William Jones,
James C. Fisher,
John Sergeant,
John Bolton, of Savan-2
nah,
Joshua Lippincott,
John Coulter,
John Lisle,
Gustavus Calhoun,
John Connelly,
Daniel Lammot,
Charles Chauncey,

Savan-?

Joseph Dugan
James Schott,
Henry Toland,
Langdon Cheves, of
Charleston,

of

John Potter, of ditto.
John Oliver, of Baltimore
Geo. Williams, of ditto.
Geo. Hoffman, of ditto.
Archibald Gracie,
New York.

of}

And at a meeting of the directors, on the even. ing of the 6th inst. William Jones, esq. was unani. mously re-elected president.

Those marked in italie are three of the gentlemen heretofore appointed by the president and senate. An opposition ticket was run, but it received only about one third of the votes given. It was the design of some to have made Mr. Cheves the president.

OPPUGNATION. -From Philadelphia papers-A statement has appeared in the National Intelligen cer, and has been re-published in the newspapers, generally, purporting to be extracted from a report from the treasury department, respecting the state and condition of the bank of the United States, on the 30th of September last.

The statement of debts due to the bank of the United States, is introduced with the following remarks:-

At present, perhaps, as the report of the committee of investigation may be speedily expected, it is not necessary to say much about those things "The amount of debts due from banks paying which are not mentioned in either of the three arti-"specie" to the bank, and several branches, and éles referred to. The following seems the most "the notes of banks paying specie, on hand, after

"deducting therefrom the amounts due by the "bank and its branches to the said banks, respec"tively, is thus stated:

"At Philadelphia

$1,745,375 73." From this statement, a belief prevails, that the state banks of this city were indebted that amount to the bank of the United States, on the 30th of September last. To counteract this impression, and to give the public correct information on the subject, the undersigned cashiers of the City Banks, and of the bark of the Northern Liberties, met at the Farmers' and Mechanics' bank, on the 2d of January, 1819, and reported the balances of the accounts of their respective institutions, with the bank of the United States, as they stood on the 30th of September last; from which it appeared, that taking the several debits against the bank of the United States, and giving it the several credits to which it was entitled with the banks afore Said, the bank of the United States, on that day, was collectively indebted to them the sum of $49,829 14.

Henry Drinker,
Elihu Chauncey,
Quintin Campbell,
Henry Kuhl,

Philadelphia, Jan. 2d, 1819.

Saml. Wilcox,

J. Williams,
D. Mandeville,
Thos. Wilson.

Editors who have re-published the statement

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owing balances to the bank at Philadelphia. There is, therefore, no incompatibility whatever between the statement of the bank of the United States, and the above statement of the Philadelphia banks." [Now, as the United States bank was really indebted to the Philadelphia banks, collectively, there seems to be no way of reconciling the apparently discording statements, but in believing that by the amount due at Philadelphia it was meant to include the sums deposited in several of the state banks, but passed to the credit of the United States on the books of the mother bank, in that city, (which shew an amount of about 880,000 dollars, see page 328) and the notes of some "spe. cie paying" banks yet on hand, which the U. States' bank received when it first commenced its operations: for it is believed that the bank of the United States at Philadelphia, has not received the notes of any of the state banks, except those in that city, and in New York and Boston, &c. which there is no sort of difficulty in passing off, in the present state of the trade of the country. But, great is the nigstery of banking: the initiated, only, can tell us how it is-if they please. ED. REG.]

The Pennsylvania litter. A Harrisburg paper publishes the yeas and nays in the house of representatives of that state, when the "bill for re

from the National Intelligencer, will please to in-gulating banks," was enacted into a law in defiance sert the above in their respective papers. of the opposition of gov. Snyder-as follows: Extract from the Journal of the house of representatives for the session of 1813-14, page 534. Agreeably to the order of the day, the house proceeded to re-consider the bill entitled "an act regulating banks," returned by the governor with his objections to its passage.

The Democratic Press, as a "communication," says we are authorised to say, that the statement alluded to in the publication of the cashiers of the state banks in the city of Philadelphia and Northern Liberties, dated 2d inst. not having been furnished by the bank of the United States to the treasury department, is incorrect.

Jan. 5, 1819.

The National Intelligencer, of Thursday last, on publishing the preceding statement, says

And on the question being put shall this bill pass? the yeas and nays were taken agreeable to the first article of the constitution, and are as fol. lows, viz.

Allshouse

"Let it should be supposed the error, if any,
résts on our shoulders, we transcribe from the re-
port, verbatim, all that relates to the amount of Bean
debts due the bank of the United States, at Phila-
delphia, as follows:

To bank of the United States, viz:
In London, Paris and Amster.

dam,

For the funded debt,

part of the capital

$1,530,576 04

7,430,926 60

For bills discounted, 8,834,089 62

From sundry banks,

(paying specie,)

$2,079,485 77

For notes of

sundry banks

do. on hand, 455,284 57

YEAS.-Messrs.

Jordan
Kerr
Krebs
Kremer

Law

Bollinger Burchfield Clunn

Deckbert Dickerson Dingman

D. Maclay

Ellmaker

Feger
Ferguson

Foster
Graff

Grosh

Heart

S. Hays Heaton Harrington Heston Hudson

Lawrence Lightner

J. Maclay
W. Marks

G. Mars
Maxwell
'M'Call
M'Comb
Metsger
Miller
Millikin

Jac. Mitchell
Jas. Mitchell
J. S. Mitchell
Plumer
Potts

NAYS.-Messrs.

Duane

Pruner
P. Reed
Reigart
Rinker
Robinette
Rothrock
Sellers
Sergeant
Shindle
Sheaver
R. Smith
S Smith
Souder
Sterne
Stevenson
Stoy
Wallace

Watson
Weston

Winters-and
St. Clair, speaker

Murray Powell

-65

J. Hays

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We would respectfully suggest to the editor of the Harrisburg Chronicle an attempt to ascertain

Brooke

Frysinger

Carter

Harris

Reiff

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Holmes M'Coy

Sutherland-and

Thompson-24

Fackenthall

J. Reed

what number of those persons who voted in the affirmative were made presidents, cashiers and directors-and how many of their relatives were provided for, by the operation of the act?

Vermont. Two banks were authorised by the legislature of this state at its late session. The capitals are about 100,000 dollars each; security is required for the good conduct of the directors, and twelve per cent. interest to be paid on any bills or notes of the banks which are refused to be paid with coin, on demand-with power in the supreme court to declare the charter forfeited in certain contingencies.

able to bear the operation, and the sooner it is over the better. Whilst it endures, we must remain stationary; but the cure being effected, we may advance again.

Persons residing in towns have, generally, a very faint idea of the distress that prevails in some parts of the country-the product of years of industrious economy is swept away by the genius of speculation, rapacious as the grave, cold and unfeel. Hundreds of late happy and late ining as death! dependent farmers, by the whoredoms of the sys. tem, are driven from their homes and made bank. rupts and beggars! These people are greatly to be pitied; but their imprudence is as reprehensible as the authors of their wrong are detestable. The WAYS AND MEANS-STATE OF THE COUNTRY—ISSUE. amount of destruction is awful-but if it serves as The curses of the paper system are falling heavily a monument to warn the people hereafter;if it causes upon the people—and to relieve them, powerful ef- every reflecting farmer typically to take his infant forts are making to seduce congress to become ma-son to the altar, and there make him swear ́eternufacturers of paper money. Scheme follows nal enmity'' to speculation, teaching him to conscheme, and project is heaped upon project-some fide in the good old way of money making, by hoof which out-do Laws' famous Mississippi balloon-nest labor-future happiness may be hoped for to ing in France, or the not much ess celebrated compensate present misery. I have just heard South sea bubble in England. Projectors will ex-a plain story about the sale of a farm in Pennsylvaist in every age; and men will build casties in the air and support them by calculation, and do away the results of experience by hypothecated facts. There are many also, that, if a thing "will do for the present," care nothing about the future.

nia, by the sheriff for nine thousand dollars, at the instigation of a neighboring bank, which was worth at least twenty five thousand. And thus the system is consummating every where, in making nobles and paupers.

Correspondence with Spain.

The issue must be-that our paper money making The success of the paper currency in Great Britain is constantly referred to, to induce us to adop shops will go down, by dozers; money rise to its leit. It has succeeded there, with a vengeance!-gitimate value, and economy supply the waste which in less than thirty years it has raised the cost of prodigality has caused. supporting the poor to an amount equal to what was required to support the government!-it has enabled the disciples of Pitt to extend their influ ence to the uttermost parts of the habitable world, The American people have always had good rea and wade knee deep in the blood of nations!-to son to congratulate themselves upon the ability of depopulate vast countries in Asia, and destroy their diplomatic characters, at home and abroad. millions of men in Europe!-but entailed eternal Jefferson's correspondence with Hammond, Madimisery at home, unless relieved by a civil war, in son's with Rose, and the communications of our which there will be a cutting of the throats of ministers at Ghent, are proud specimens of the taprinces and priests, and their panders and parti- lents of our countrymen, and have commanded the Mr. Adams' letter zans! The debt never can be paid-and when mo- respect of all who read them. ney takes the place of paper, the interest must fail to Mr. Erving, in reply to M. Pizarro's note, does for we have seen that the people cannot pay the not suffer perhaps, in a comparison with any of taxes in such a state of things. Yes-the system these-it is nervous and graceful, always intellihas succeeded in England!-it has succeeded in gent and sometimes sublime; and cannot fail of the subversion of every thing like liberty, which the having great effect upon every honest man. It rapacity of its rulers had yet left to that country: clearly sets forth the nature and spirit of our conit has succeeded in the annihilation of a yeomanry, duct in Florida, and abundantly proves that Spain, which, thirty years ago, was an ornament of human instead of having cause of complaint against us, nature. And it is this system which is held up for must be considered as the aggressor! Retribution the imitation of REPUBLICAN AMERICA!-now en is demanded with firmness, tempered with forbearMr. Adams speaks as the organ of a nation joying profound peace, and the most ample resour-ance. ces, with all the elasticity of youth and power of sensible of its own power to redress its own manhood-provided only, her means are rightfully wrongs--yet loath to appeal to force to obtain what reason and justice should voluntarily give to used. our hand. But-we hope every one will deliberately read the letter for imself."

it our country has over-traded, we must meet its consequences. If the evils we suffer come out of unreasonable issues of paper-shall we remedy them by making more paper? Before any scheme for his purpose is adopted, we hope that a solemn pause will be made, to consider whether procrasti. nation will not add to our difficulties at the day of settlement-WHICH EVERY BODY KNOWS MUST COME: may it not come upon us in the "night season"-in time of war, or some other public calamity, when, as was the case in Great Britain, instead of lessen ing the leap of trouble, we may be compelled to increase i? Now is the best tire to relieve our selves and purge the country of speculation--the present time only is ours.

Let no the work of re

formation be impeded by any expedient-we are

By this exposition the government has identified itself with general Jackson, sanctioning all his proceedings in the late campaign. There was something very repulsive to the humane mind in the execution of Arbuthnot and Ambrister, after their power to do injury seemed to be at an end; but those who have spoken of these executions as murders, have mentally applied the rules of what is called civilized war o parties in a controversy that disa vow them-ruthless savages, sparing neither age nor sex; who burn prisoners to death, and d sh out the brains of captured infants! The unfortu nate ENGLISHMEN are ess to be pitied than any of the indians who fell in the contest they knew bet

ter; and were undoubtedly, the chief supporters, if
not the very authors, of the savage-negro war.
Spain, herself, would have executed them under
her colonial system, if her officers in Florida had
done their duty-if she herself had not sanctioned
the proceedings of Nicholls, Woodbine and the
rest of the banditti that so long infested that coun-
try, wantonly to murder and annoy the citizens of
the United States. The Creek war which has swept
half the nation from the face of the earth, the in-
fernal massacre at Fort Mimms, &c. &c. was caused
by these wretched men- and the fact stated by
Mr. Adams is worthy of great attention, wherein
he tells us that every Indian war we have had, had
its origin in a foreign influence. If any men ever
deserved death for crimes committed, Arbuthnot
and Ambrister justly suffered; and the example
may prevent a recurrence of their horrible offences,
in other quarters. It may prevent an extensive In-
dian war on the Missouri and Upper Mississip-cutive business; after which, it
pi, and save the lives of thousands-checking a
spirit of trade that would deluge the wilderness
with the blood of men for a pack of beaver skins.
We are not sufficiently learned in the law to speak
in a lawyer-like manner upon the legality of gen.
Jackson's proceedings-but must believe that Ar-
buthnot and Ambrister justly merited death, leaving
the question to be decided by others whether in
its manner it was just or not.

After some further progress on the bill, the senate adjourned.

Jan. 5. The president communicated to the senate a letter from Benjamin II. Latrobe, late surveyor, of the public buildings, in explanation of his plans, in reply to a part of the report of the present architect, &c. which was read, referred to the committee on the District of Columbia, and ordered to be printed.

After some minor business-the senate resumed the consideration of the bill to organise anew the courts of the United States, and for the appointment of circuit judges.

CONGRESS.

IN SENATE.

Jan. 4. The following message was received from the president of the United States, by Mr. J. J. Monroe his private secretary.

To the Senate of the United States.

1 lay before the senate a report from the secre. tary of state, accompanied with a copy of a letter from governor Rabun, which was not communicated on a former occasion from that department. JAMES MONROE.

January 4, 1819.

The message and accompanying documents were read, and four hundred copies thereof ordered to be printed.

Mr. Tichenor submitted a motion to call on the secretary of war for a statement of the effective force of the military establishment; a statement of the different posts and garrisons, the number of troops in each; also the number of artillerists, the number and callibre of the ordnance at each post, &c.

The senate resumed the consideration of the bill to provide for the more convenient organization of the courts of the United States, and the appointment of circuit judges-the following motion made by Mr. Barbour, when the subject was up before, being still under consideration.

"Resolved, That the bill be recommitted to the committee that brought it in, with instructions so to amend it as to abolish the circuit courts and transfer their jurisdiction to the district courts, to authorise an appeal directly from such courts to the supreme court, and to enlarge the right of ap. peal by reducing the amount on which that right may be exercised."

After considerable discussion, this motion was decided in the negative, as follows:

For the motion-Messrs. Barbour, Dickerson, Lacock, Macon, Roberts, Sanford, Smith, Stokes, Taylor, Thomas, Williams of

Miss- 11.

Against it.-Messrs. Burrill, Daggett, Eaton, Edwards, Fromeutin, Gaillard, Goldsborough, Horsey, Hunter, Johnson King, Leake, Mellen, Morril, Morrow, Otis, Palmer, Storer, Tait, Talbot, Tichenor, Van Dyke, Williams, of Tenn.-23.

Much time was bestowed in filling the numerons blanks in this bill and maturing its details; and before it was gone through the senate adjourned. Jan. 6. Several matters of no present interest being disposed of

The senate went into the consideration of exe

Adjourned.

Jan. 7. The bill to establish a supreme court, &c. &c. was again debated, as it has been, ably, for two days past.

A variety of ordinary and preparatory business was transacted.

HOUSE OF REPRESENTATIVES.

Monday, Jan. 4.-Several reports were received -which shall be noticed in their progress. The speaker laid before the house the following letter from the secretary of the treasury:

Treasury Department, January 1, 1819. SIR-I have the honor to transmit a statement of the exports of the United States, during the year ending the 30th Sept. 1818, amounting in value, in articles of

Domestic manufacture and produce, 73,854,437
Foreign
do.
do. 19,426,696

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$73,854,437 19,426,696 WM. H. CRAWFORD. The speaker of the house of representatives, The letter, with its enclosures, were ordered to be printed.

I have the honor to be, &c. .

Mr. Palmer, of N. Y. offered for consideration the following resolution:

Resolved, That the committee of ways and means be instructed to enquire whether any, and, if any, what provisions are necessary to be made more ef fectually to enforce the payment of duties on goods, &c. imported by land, from the British provinces in America, into the United States: Also, that the same committee be instructed to enquire into the expediency of so amending the 4th section of a law of congress, passed the 3d day of March, 1817, that the provisions therein contained shall apply only to steam boats on Lake Champlain, that are employed wholly in the transportation of passengers and their

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