23

the St. La

e cc, ithough some of them been carried on a level to Philadelphia, and in its may be considered as extending those communica-descent to the Delaware, supplied the ci with The documents water, and the shipping with docks. The expense But tions to more remote sea ports. was commenced, one third part of the digging effrom which the information is extracted will be had been estimated at 533,000 dollars; the work fected, and a considerable sum expended. found un ler the letters (C. c.). 1. Merrimack. The navigation of that river, which, rising in the either from want of funds, or from an improper sestate of New Hampshire, falls into the sea at New-lection of the ground, or from other causes not buryport after a course of 180 miles, is interrupted fully understood, the undertaking, if not altoge by several falls. A canal, called Blodget's canal, ther abandoned, has been suspended for several has been opened around Asmoskeag falls. Lower years. down, and about 40 miles from the sea, the Essex

This canal was intended as the first link of an canal, 4 miles in length, and admitting boats draw-extensive western communication. The Schuylkill, ing three feet and a half, will open a communication from Norristown to Reading, 46 miles higher up around the Patucket falis, effecting through 3 locks the river, being navigable a great portion of the III. Schuylkill and Susquehannak. a descent of 34 feet. From the lower extremity year, was considered as the next link. Another company was incorporated, for the pur, of the canal, the river is navigable to the head of the tide at Haverhill, although the fall be 45 feet within that distance. No particular account has pose of opening an inland navigation between Readbeen received of the capital expended, but is is being, on the Schuylkill, to Middletown, on the Susstone valley beyond the Blue Ridge, and the dis, lieved that the work will be profitable to the un-quehannah. Both towns are in the great Lime dertakers. The Middlesex canal, uniting the waters of that tance is 70 miles. It had been at first supposed river with the harbor of Boston, is however the that it would be sufficient to cut a canal four miles greatest work of the kind which has been complet-in length, on the summit level between the two ried in the United States.

vers, and thereby to unite the Tulpehocken, which falls into the Schuylkill, with the Quitipahilla, a branch of the Swatara, which empties into the Susquehannah. But it was soon ascertained that the original plan of improving, by a succession of clams, the navigation of those small rivers was erroneous, and that it would be necessary to cut a canal the

The canal, 12 feet wide and 34 feet deep, draws its supply of water from Sudbury or Concord river, a branch of the Merrimack, and from the summit ground extends six miles with a descent of 28 feet to the Merrimack above the Patucket falls, and 22 miles with a descent of 107 feet to the tide water of the harbor of Boston. The descent to the Merri-whole way. mack is effected by three, and that to tide water, by nineteen locks. They are all 90 feet long, 12 feet wide, of solid masonry and excellent workmanship.

The summit level is at an elevation of 310 feet above the Schuylkill, and of 308 feet above the sufficient for the upper locks: and the crecks would Susquehannah. Adjacent springs are considered after a short descent afford an abundant supply.~ The proposed dimensions of the canal were a breadth of 20 feet at the bottom, and a depth of three feet and a half: and the expence was estimated at near 1,500,000 dollars.

In order to open that canal, it was necessary to dig in some places at the depth of 20 feet, to cut through ledges of rocks, to fill some vallies and morasses, and to throw several aqueducts across The work was commenced: the canal has been the intervening rivers. One of these, across the river Shawshine, is 280 feet long, and 22 feet above the river. All those obstacles have been cut the whole distance of 4 miles on the summit overcome, and boats of 24 tons, 75 feet long and level; five locks made of brick have been construct11 feet wide, can navigate the canal. Those in ed, land and water rights have been purchased, most general use are of smaller dimensions, and and a considerable capital has been expended. But are drawn by two horses at the rate of three miles although the state of Pennsy Ivania has permitted an hour. A raft of one mile in length and contain-the company to raise 266,000 dollars by lottery, ing eight hundred tons of timber, has been drawn by two oxen, part of the way at the rate of one mile an hour. Common boats pass from one end of the canal to the other in 12 hours. The capital expended on the work is stated at 478,000 dollars, and the water rights and necessary land cost a further sum of 58,000 dollars. The total expense has exceeded 550,000 dollars: the tolls have never yet exceeded 17,000 dollars a year, but are increas-be much less expensive, and equally beneficial both ing..

Several other canals have been contemplated in
the state of Massachusetts, intended to unite the
waters of Providence or Patucket river, with those
of Charles river, which falls into the harbor of Bos-
ton, and of the river Connecticut. The grounds
have been surveyed but no particular description
has been obtained, and the works have not yet been
commenced.

II. Schuylkill and Delaware.
A company was incorporated several years ago
by the state of Pennsylvania, for opening a canal
from Norristown, on the river Schuylkill, to the
tide water of the Delaware at Philadelphia. The
distance is 16 miles, the fall 53 feet, and the canal,
deriving its water from the Schuylkill, would have

and is bound to pay to them 300,000 dollars whenever the work shall have been completed, it re mains suspended for want of funds.

The great lockage necessary for this canal, is the principal objection to that line of communication; and it has been suggested that a canal from Columbia on the Susquehannah, to tide water, or to the great Delaware and Chesapeake canal, would

to the interior country and to Philadelphia. This question, as many others suggested in this report, cannot be decided by any but practical and skil ful engineers.

IV. Appomattox.,

A company has been incorporated for opening 4 canal from the upper end of the falls of that river, tersburg on the head of the tide. The distance is which is the south branch of James river, to Pefive miles, and the descent more than thirty feet to a bason, about 60 feet above the tide in which the canal will terminate. The water is drawn from the river, and the canal 16 feet wide, 3 feet deep and admitting boats of 6 tons, is nearly completed. The capital already expended amounts to sixty thou sand dollars, But the company own thirty negroes,

and suppose that their labor, and a further sum of ten thousand dollars, will be sufficient to build the locks, and to dig about half a mile which remains to be cut in order to open the communication between the river and the bason. This work, which has been carried on with much zeal, and at a small expense, will open an important navigation of near 100 miles.

V. Neuse and Beaufort.

since the year 1803, in the state of Connecticut alone; and that the roads undertaken by those companies are all of that description. Thirty nine of those roads, extending together 770 miles, are completed. The most expensive is that from New llaven to Hartford, which has cost 79,261 dollars; or, the distance being 34 miles and three quarters, at the rate of 2,280 dollars a mile: but about 18,000 dollars of the capital have been expended in the The harbor of Beaufort, in North Carolina, and purchase of the land through which the road is which must not be confounded with that of the carried. The nett income on this road, deducting same name in South Carolina, admits vessels draw the annual repairs and expenses from the annual ing eighteen feet of water. Ocracoke inlet,the only tolls, does not exceed 3,000 dollars. Of six of the navigable entrance into the Pamtico and Albemarle roads, which together extend 120 miles, no account sounds that extensive estuary of the rivers Cowan, has been received. The other thirty-two extend Roanoke, Tar and Nuese, has less water, and is 70 together 615 miles, and have cost only 340.000 2olmiles from Newbern, on the last mentioned river.lars, or on an average at the rate of 520 dollars a The distance between Newport, or Beaufort river,mile: and it seems that the aggregate of annual and the Neuse, being only three miles, and the eletoils, on the whole, is 86,000 dollars, from which vation of the highest intervening ground no more deducting the an ual repairs and expenses, amonte than seven feet above tide water, a canal uniting the ing to 48.000 dollars, leaves a nett income of 38,000 two rivers, was undertaken by a company incorpo-dollars, or of about eleven per cent. on the capital rated for that purpose by the state of North Coro- <xpended. lina. All the shares have, from particular circum stances, become the property of one individual; and the work which had been commenced some years ago, is now suspended.

VI. Cape Fear River.

No particular account has been received of the roads in the other eastern states; but it is known that, besides some of a similar description with those of the state of Connecticut, several of a more expensive kind have been completed, particularly in M.ssachusetts. The cast has varied from 3,000 to 14,000 dollars a mile; and amongst the artificial roads of the first grade, may be mentioned those from Boston to Providence, to Salem, and to New

A company incorporated by the same state for improving the navigation of this river, after having exhausted a portion of their funds, which did not exceed twelve thousand dollars, in fruitless attempts to improve the natural navigation of the ri-buryport. These are all covered with an artificial ver, have opened a canal with a lock, which opens stratum of gravel or pounded stones, and finished a safe passage round the Buck horn or great falls, in the most substantial manner. Great expense seven miles below the junction of the Deep and Haw has also been incurred in order to shorten the dis river. Another canal, six miles in length, with two tance without exceeding the angle of ascent, which locks, is necessary around Smilie's falls. Nearly is fixed at 5 degrees; and it is stated that the road half that distance has been completed; but the work to Newburyport, 32 miles in length, and in which is now suspended for want of funds. The legisla.marshes and rocks presented considerable obsta ture has lately authorised the company to increase their capital.

cles, has cost 400,000 dollars, or at the rate of 12,500 dollars a mile. Those expensive roads, VII. New Orleans. however useful and permanent, appear to be much The canal Carondele, which has already been less profitable than those of Connecticut. The Samentioned, extends, from Bayou St. John, to the lem road is said to yield six per cent, another road fortifications or ditch of the city, and thereby opens has been stated as yielding eight per cent. the inan inland communication with lake Pontchartrain. come of all the others in the state of Massachusetts, A company is incorporated by the territorial legisla-is said not to exceed on an average three per cent. ture, for the purpose of repairing and improving and that of the road from Boston to Newburyport, that work, and of uniting the canal by locks with amounts to no more than two per cent. the Mississippi. Independent of other advantages, A greater capital has been vested on turnpike this undertaking would enable government to trans. roads in the state of New York, than in any other. port with facility and use the same naval force for In less than seven years, sixty-seven companies have the defence of both the Mississippi and lak Pont-been incorporated, with a nominal capital of near chartrain, the two great avenues by which New.five millions of dollars, for the purpose of making Orleans may be approached from the sea.

more than 3000 miles of artificial roa's; and twentyone other companies have also been incorporated TURNPIKE, OR ARTIFICIAL ROADS. with a capital of four hundred thousand dollars, A great number of artificial roads have been for the purpose of erecting twenty-one toll bridges. completed in the eastern and middle states, at an Although no particular account has been received expense varying from less than one thousand to either of the capital actually expended, of the an. fourteen thousand dollars a mile. The labor be-nual amount of tolls, or of the materials of the stowed on the least expensive species consists in roads, it is known that great progress has been shortening the distance, diminishing the ascent of made: and it has been stated that nine hun 'red hills, removing rocks, levelling, raising and giving miles of roads were already completed by twentya proper shape to the bed of the roads, draining them eight companies, whose capital amowited by ditches, and erecting bridges over the interven-1,800,000 dollars, and who had 200 miles of road ing-streams. But the natural soil of the road is more to finish. used, instead of covering it with a stratum of gra vel or pounded stones.

It appears by one of the papers marked (D) under which letter will be found all the information which bas been obtained respecting roads, that fif ty turnpike companies have been incorporated,

to

Those roads extend in every direction, but particularly from every town or village on the North river, westwardly and north westwardly, towards the waters of the Susquehannah, and those of the great lakes. The most expensive is that from Albany to Schenectady, fourteen miles long,

and which has cost at the rate of ten thousand dol stratum of pounded stones 18 inches thick in the lars a mile. Near one hundred and forty miles of middle of the road, and decreasing each way to 12 roads extending westwardly from Albany and Sche-inches. The Valley hills are the most elevated nectady, appear to have cost at the rate of 2,500 or and steep on the road; but the angle of ascent no ,000 dollars a mile. The expense of all the others where exceeds 4 degrees. Stone bridges have does not seem on an average to exceed 1,250 dol-[been erected across all the intervening streams. lars a mile. That across the Conestogo, consisting of nine archMore detailed information has been obtained re-es, is private property; and the most expensive specting the roads in New Jersey, Pennsylvania and Maryland.

built by the company, is that across the Brandywine, consisting of three arches of solid masonry, In New Jersey a turnpike road has lately been and which cost 12,000 dollars. The capital of the completed from Trenton to Brunswick. The dis- company amounted to 360,000 dollars; but this betance is 25 miles; the greatest angle of ascent 3 ing insufficient, it became necessary to apply a condegrees, and the road is nearly in a straight line,siderable portion of the tolls to the completion of he only considerable obstruction being the "Sand the work. The whole expense amounts to 465,000 Hills," through which it was necessary to dig at the dollars, or at the rate of about 7,500 dollars a mile. depth of thirty feet, in order not to exceed the an-The annual tolls have not yet exceeded 25,000 dol. gle of ascent. The road is 36 feet wide, fifteen lars; and the annual repairs and expenses are estifeet of which are covered with about six inches of mated at 13,000, leaving a nett income of about gravel. A few wooden bridges, with stone abut. 12,000 dollars. The prospect of an increased proments and piers, have been erected across the inter-fit,, derived from the proposed extension of the vening streams. The whole expense is stated at road, has, however, raised the price of that stock 2,500 dollars a mile. From Brunswick the road nearly to par. will be extended to Elizabethtown, and the work The Lancaster road, the first extensive turnpike is now progressing. Another road has been under-that was completed in the United States, is the first taken in the same state from Brunswick to Easton, link of the great western communication from Phion the river Delaware. The distance is 43 miles, ladelphia. It has been extended ten miles westof which eleven have been completed at an expense wardly to Columbia on the Susquehannah, and anoof 40,000 dollars. This road will be more expen-ther branch is now progressing northwestwardly to sive than the preceding, both on account of the Harrisburgh, also on the Susquehannah, and 36 ground, the bridges being more numerous, and the miles from Lancaster. The state of Pennsylvania Blue Ridge, (Musconekong mountain) intervening: has also incorporated two companies in order to exand because a more substantial facing or greater tend the road by two different routes as far as thickness of gravel is requisite. The funds of the Pittsburg on the Ohio, and near 300 miles from company are exhausted. Philadelphia. The southern route, following the In Pennsylvania, artificial roads of the most sub-main post road, passes by Bedford and Somerset. stantial kind, have been completed, or are progress-The northern route passes by Huntingdon and ing, from Philadelphia, in sundry directions." Frankstown, the highest point to which the Juniata The principal are to Bristol and Trenton, 12 miles branch of the Susquehannah is navigable. To this of which are completed; to Germantown and Perki-route the state has authorized a subscription of omen, with two branches, to Willow Grove and one hundred thousand dollars. to Chesnut Hill; and to Lancaster and Columbia, with a branch to Harrisburg.

Other roads, in a northwest direction from Philadelphia, towards the Genessee and Presqu'isle on lake Erie, are also progressing, and have been encouraged by the subscriptions or donations of the legislature. They are generally on a much less expensive plan than those in the direction of Pittsburg. A section of thirty miles from Lausanne on the Lehigh, to Nescopeck on the Susquehannah, has been completed at the expense of 36,000 dollars, by a company; and it is intended to extend it 70 miles further to Newton, on the Tioga branch of the Susquehannah.

(TO BE CONTinued,)

The distance from Philadelphia to Perkiomen is 25 miles and a quarter; the two other branches extend, one ten miles and the other seven miles and an balf; making together near 43 miles. The angle of ascent is four degrees; the breadth of the road fifty feet, of which 28 feet, having a convexity of fifteen inches, are covered with a stratum either of gravel 18 inches thick, or of pounded stones 12 inches thick. One half of the stones forming the lower part of the stratum, are broken into pieces not more than five inches in diameter: the other half or upper part of the stratum consists of stones broken into pieces not more than two inches and a half Much matter is lying over. The proceedings of in diameter; and this difference in the size of the a meeting at Elkton, Md. respecting a bank there, stones is represented as a considerable defect. with several other things relating to a subject Side or summer roads extend on each side of the which now occupies so large a share of the public gravel or stone road. The five miles next to Phi-attention, shall be inserted in our next. ladelphia, have cost at the rate of 14,517 dollars a mile. The other 20 miles and a half at the rate of The GENERAL INDEX, to the great relief of the 10,490 dollars a mile. Yet there were no natural editor, is this day finished! It will be forwarded. impediments, and only small bridges or culverts immediately to those who have ordered and paid were necessary. The capital expended on these 25 for it. Other gentlemen desiring copies of it, may miles and a half is 285,000 dollars: the tolls amount obtain thema by having the payment of three dol. to 19,000 dollars: the annual repairs and expenses lars for it endorsed on their bills of the current to 10,000 dollars: the nett income is about 9,000 year, by any of the agents of the REGISTER; or by dollars, a little more than three per cent. on the ca-remitting it with the amount of the present year's pital expended. subscription, as usual. This is the condition on The distance from the Schuylkill, at Philadel. which it may be had at present; but it is not proia, to Lancaster, is 62 miles and a quarter. Ex-bable that it can be liad very long, except by those usively of the side or summer roads, twenty-four purchasing complete sets. One of the departments t of the bed of the road are covered with alof the government of the United States has ordere!

TWELVE copies; and as before observed, the unap- some who voted for chartering this bank:--and what propriated copies are only about 500.

Though much industry has been used, it was found impossible to get through with the bills usually forwarded to different places, in the present week. We hope to finish this part of our buness before our next publication, to give our friends an early opportunity of satisfying our little claims

upon them.

has already happened? In two short years the last vestige of a balance in favor of the people for the immense advantages bestowed to very "belzebubs in speculation," is wrested from them with a degree of impudence equalled only by its violation of every principle of common justice, if not of common honesty.*

The whole course of the monied transactions of the United States are changed in one day, withThe "Septennial Retrospect" shall be speedily out previous intimation of the design, or a moment resumed. The proposed notice of events in South of time being allowed to the public to prepare for America will be enriched with a great mass of sta-it. I am lost in astonishment when I contemplate tistical facts. this high-handed measure."Alexander the deliThe present rate of emigration may be called verer" or the dey of Algiers, would have paused prodigious. We have a list of reported arrivals before being guilty of its fellow; and certainly, for the week ending yesterday, which shall be pre-would have issued their orders to their slaves in a served as a curiosity. The aggregate of emigrants less insolent stile. cannot have been less than 3000!

Equalization of Exchange.

Some have endeavored to soften the procedure by saying, such was the practice of the old bank of the United States. It was so, partially, and perhaps generally. But the condition of the establishment of the new bank was, that it should not act as the old bank did; and the old usage is no more. an excuse for the present rule, than it is for one man to commit burglary, because another of the same name committed the same erime several years ago.

Let every Shylock leave his hole, and in the open day boldly sharpen his knife, to take "the pound of flesh" nearest the heart of his honest neighbor! Whet, away,-"legitimate" descendants of those whom HEAVENLY PURITY lashed with cords, and drove headlong from the temple of GoD, polluted by their infamous exchanges of money, for the It is not easy for me to guess the precise intenday your triumph is at band! It is no longer neces- tion of this act-and be it remembered, that banks sary to avoid the public.indignation, that you should no more than kings, are bound to assign a reason do business in secret, and ask passers-by, will you be for their wishes or will!Perhaps, the bank, shaved, sir-you may unblushingly loll at your ease embarrassed by the dreadful amount of its stockand rest assured of plenty of customers. You notes, has resolved upon it as the only means of may cut deep instead of merely skinning as hereto keeping up the makers of them; for their stock fore-strike at the arteries of the public body and will not pay the amounts that some have had get blood enough at once to swim in, being no accommodated on the faith of it;-and if it were longer contented with leeching it from the veins of forced into the market, would probably reduce the labor. SUCH IS THE DECREE OF THE RAG-BARONS-price to par, though now nominally quoted at they have resolved to give extent and RESPECTABILI-125.†Perhaps, as the government of the U. TT to your profession! Nothing is now wanting States is about to reclaim five millions of the peoto the perfection of the "paper system," but the ple's money, which the bank has long had a gratuiconsent of the people-to stand still, and let its tous use of, it is its design to draw the whole of manufacturers have their will of them! But if this sum directly from the state banks, be denying the people do stand still, and with arms folded to them the credits heretofore received by free like Russian slaves, patiently bear the application deposits of the notes of what must now be farcically of your knives-they will deserve to be cursed called the "national currency," no matter where with all the charities of the "Holy Inquisition," and | payable.‡be-condemned "standing, sitting, walking, lying, sleeping and waking," and even merit after death to be buried in the highways, with stakes driven through their carcases, as self murderers for there is a point at which forbearance is most criminal.

Here is the decree of the barons:

(CIRCULAR.)

-Perhaps, as congress and the state

*The notice at the New-York branch was pe. remptory-and the like was probably issued at every shop in the United States. The suddenness of the measure is unpardonable. But the dog, grasping at the shadow in the water, lost the meat in his mouth. The bank may feel a momentary ease, but there will be a re-action; and reputation once lost is not easily regained.

I am informed that this is probably the leading cause of the offensive procedure. Lumbered with ALMOST tens of millions in stock notes, and with the United States' part of the capital inactive, as to the production of money, the great resource of the bank has been the public deposits; and a part of these being withdrawn, has frightened them into what must be esteemed a suicidal act- -for it is impossible that the people will bear with it.

Bank of the United States, Aug. 28, 1818. SIR-I am directed to inform you, that the notes of this bank, which are made payable at its several offices of discount and deposit, will not be received at this bank, after this day; except in payment of debts due to the United States. Such notes, however, of the offices, as your bank may have received, during this clay, will be received in exchange, to-morrow morning. (Signed) JONA. SMITH, Cashier. Esq. Cashier-Bank. The amount of our money which the governWhat was the great condition on which the Bank ment of the U. States is about to appropriate to of the United States was incorporated? It was, that the payment of our debts, is stated to be 5,076,850 the exchange should be equalized-that we should dollars-being half the amount of the unredeemed have what was called a "NATIONAL CURREN- Louisiana stock-of this, nearly 1,300,000 is payaCY." It was for the sake of these things, so much ble at London, and 2,500,000 at Amsterdam; the to be desired, that the constitution was exceedingly rest is on the books of the several loan offices in strained; if not sensibly violated, in the opinions of the United States.

legislatures are soon to be in session, the bank in- States, But their appeal may be in vain-too few tends to make the PUBLIC MISERY an agent to stifle of them have deserved even mercy at our hands. enquiry, or to demand something not yet prepared What then is to be done? The people must themfor public view. -Perhaps, it is only to convert selves rise up and command what reason and justhe bank into a vast shaving shop—in which grave tice have begged for. They must speak a language men assembled round the board, shalt fix the jew bro-to their representatives that will be heard, and kerage to be exacted of the people, from time to felt to shake the foundations of the capitol at Wash time, and at all times, as they see proper.*-Per-ington, and at the seats of the governments of the haps, lastly, the report may be true, that there several states. It is the opinion of many, and inhave have not been any real sales of stock in Eng-deed, it seems a just one, that not only the spirit, land for a considerable time, and that John Bull's but the letter of the charter of the bank of the folks, not liking the stock note part of the establish- United States was grossly violated on the very day ment, and deeming it a "yankee trick," have re-that the books were first opened, and especially in solved to have nothing more to do with it, until the general evasion of the payment of the second the stock is really paid for, as it was originally in- and third instalments, by the great stockholderstended by congress, and expected by the people, Let the facts be severely enquired into. Let the that it should be.t public voice demand that every member of conBut, whatever may be the design of this progress who is a stockholder in this, bank, or a sha cedure, or to whatever cause it may be ascribed, ver of notes, shall retire from his seat when the this result is certain, that every man in the United matter is discussed, under penalty of the PUBLIC SCORN, States, 50 or 100 persons excepted, will suffer by that the subject may be niSINTERESTEDLY acted upon, its-for it has rent the chain of business from us every subject ought to be-and the institution will one end of the country to the other, and positively be reformed or be destroyed as right shall appear to stopped the solvent local banks from affording demand of the representatives of an abused people. their accustomed accommodations. It will give I wrote the word "destroyed" with perfect coolbusiness to perhaps one thousand additional brokers ness and deliberation; and perhaps, it is well, that in the United States, and employ many additional at a time of peace and when the government is unmillions in shaving, which ought to be devoted to embarrassed, as to funds, the subject is presented honest purposes. For all the offices, it seens, are for consideration. The institution is exceedingly ordered to follow the lead of the mother iniquity-powerful. A principal stockholder and one of the notes even of the mother bank were refused at the directors of the mother bank, has observed, that office in Baltimore, without a moment's previous he "trembled for the standing of the government, and [public] intimation that they would not be receiv-for the liberties of the people, if this great engine ever ed, and this was the case every where. passed into the hands of their enemies." The proba

The facilities of remittance being thus at oncebility is, that a majority of the stock which is real. destroyed, the discount hitherto paid on good bankly paid for, belongs to British subjects already; and bills must be advanced, and many others that were if need requires, enough convenient tools may be at par, or nearly as good as at par, will be from two to five per cent, under it.§ For the state banks must reject each other's paper; and their custom of drawing upon one another must be greatly diminished, if not altogether discontinued-unless they loudly appeal to the people and combine to support themselves against the bank of the United

This brokerage has already taken place-24 per cent. I am told, is required between Baltimore and Washington city-both ways, I presume!

I believe this is a very serious fact-and it is added, that attempts to pawn certain portions of the stock in London, have failed. Whether this intended pawning was the act of the bank, or of some of the huge speculators in its stock, I am not advised; nor is the difference very great, be that as it may. And there is not any thing doing in the stock of the bank in the United States. Nobody wants to buy.

found in the United States to manage it as lord Castlereagh, or even Mr. Canning, would direct them. A meeting of the "republicans" of Middletown, Con. has been held-col. James Plum, chairman, and Henry Wolcott, clerk, by whom the branch at that place has been publicly denounced as being directed contrary to their wishes and expectations. More of such subjects hereafter.

It would seem that the point of time which every reflecting man has fearfully looked for, for several years, has nearly arrived. That the "PAPER SYS TEM" would blow up, has been as confidently expected as that the human body would die. And, seeing that it must explode, the sooner it does ex plode the better will it be for the people. Thanks be to God!-that they are yet able to bear an ope ration which, if postponed four or five years lon ger, by its increased force would destroy tens of thousands of them. The thing that has happened was anticipated-we are not surprized by it, exThe procedure may well be esteemed impudent cept at the unjustifiable suddenness of the mea-in fact, it smells strongly of dishonesty. The sure, and at what we must call, the impudence of its bank had secretly determined that to-morrow it manner. No pretext is assigned-no reason given; would not receive such and such notes-and, there- after the manner of the ungrateful wretch who fore, to day, it paid out nothing but such notes! If I sits upon the throne of Spain, we are told "the king were to give to one of my workmen, in payment of wills it," and obedience is expected as a thing of his wages, a bank-bill to-day which I privately knew course. But, though the minds of many dealing would not be current to-morrow, and it remained men may be brought to bow to this ordinance of the on his hands-he would very nearly think that I mighty, the sturdy free-born laborers of the Unit was aspeculator. I had written a word where ed States, the agriculturalists, mechanics and the dash is, that probably would have been easier manufacturers, with the productive people of every understood than that of "speculator;" but it is un-class, will rally round and save the liberties of courtly, and my meaning will be discovered with out it.

§1 calculate my own loss at 100 dollars per month, for two months to come. A pretty specimen of wholesale swindling; and I can't help it—yet.

their country. As my soul lives-as I humbly hope for happiness hereafter, I would rather be a subject of the Russian autocrat than a crea ture to live on the favor a monied aristocracy. - An individual tyrant may have a sense of honor and