The Sun. — London, England, 1842-10-17 00:00:00

IbrONEY - and COMAM-ERCIAL NE ws. CITY, QUARTER TO TIIREE. PP*. meeting is being held at. the London Tavern at the present hour, to consider the propriety of altering 'Change hours to three instead of four p.m. Especially devoted as the space usually occupied under this head is to review and protect the proceed ings and interests of foreign Governments, as re' loans raised in this country, it is with unmixe pita sure that we direct attention to the most able s. delivered b}: Mr " 7 - • There are, r. Daniel W e b s t er . fi.rmation . advices from Am s terdam, but no con• is received of the reported loss of the Austrian frigate Bellona, under the command of the Arch -duke. The expose of the affairs of the Bank of Manches ter has created great surprise in the City. Th opinion of nine out of ten capitalists here is, that the pirectcrs ought to pay all the losses that have been 1 1 i 'curred upon th e o p era ti ons o f thi s ill- f ate d estab s hment through their neglect. The public securities have been less buoyant, with moderate business doing. Consols for present transfer have realised 931 to 931; and for the Account 93i. N kney Continues eas y, as th e di v id en d paym e nts are progressing. Exchequer Bills have been 555. to ... 7 s- premium and East India Bonds 465. premium. the N ew Three-and-a-Half per Cents. bring 101-a to 101 i ; the Reduced Three- and-a- Half per Cents. 1001 to ino2 •-- ; and the Three per Cent. Annuities 921 to "r-i ; Lank St oc k i s nom i na l ; L ong A nnu iti es are 1 2-i to 12 5-16ths. The news from Lisbon is not at all more auspicious tha n any we ha ve rece i ve d f or some ti me p as t, and it nrgues but little for the resources of the Government, or for its tact in improving them, when we heard of a . !'s 3 id mine b e i ng d epen d e d upon as a lift i n meet fg the expen di ture. F ar pre f era bl e wou ld it ' to hasten the commercial treaty, and develope the nBTicultural resources of the country. The New Five p er Cent. Portuguese Bonds have been at 371, but T hree per Cents. have been nominal. Mexican tuck has been run down to 311, but is now again up t R o , 32 i * Colombi a n Bonds are worth 201, and Chilian -- z ; li etch Two-and-a-Half per Cents are 52* to 521. The R a il way Shares h ave b een - very li tt l e d ea lt i n , _V prices are rat h er h eavy . B r i g ht on ar e 13+ ; Ca ( :kwall, 10* ; Manchester and Leeds, 2 ; Edits - s a rgh and Glasgow, 4 ; South Eastern, 27*; Ditto, liP, 3 1 dis. ; and South Western, 16* prem. •' rRICEs OF SHARES THIS DAY AT ONE. T . 4 1 .411 it A‘twa I's Paid. Per Share. Libt u a,,T3h and Glasgew ' , )11.0 4 4 - 9 1 .1* Brighton ...... ... 50 364 t• :c to ic i: thd Blaekwall . • l4 i o 88 ... .. to .1, li ,4 o l ll o2ter nd a S n o d u L th ee N ti V s eatern .. 4 7 1 0 % 57i to tt tail R , h %stern and Dever i',lto Scrip ... , A1A N ,,,,, 11 0 -4.ESTER STOCK EXCHANGE, OCT. 15.—)Ve t h av e nad a ver y g l oo my market to day, and prices i i e a dow nwar d tendency. Manchester and Leeds, • alf- shares, 291 ; Ditt o Quarter-shares, 4; London ' - an 0 ~d south Western, 571 58 ; Manchester and Bir • ii` n ank ghaln, 19:1 201 ; Manchester and Liverpool District 10i. • Y 7.;D'S SHIP PIN G—(THIS DAY.) erl d " D °N) OCT. 17.—Wind this clay at noon, north light airs and hazy weather. . RA MSGATE, OCT. 16.—The Matilda, Barbato, from A msterd am to t h e westwar d, groun d e d thi s a ft ernoon t . the Br a k e , h as b een ass i ste d o ff , an d w ill come i n t o "` harbour this tide. ,DEAL, OCT. 15.—Wind N.N.W., moderate. 1 6. I" .N.E., ditto.—Sld. Falcon, Bombay ; James aY, N Monte Video ; Africanus, Gambia. ,_GLTERNSEY, OCT. 11.—Sld. Martha, Cape de Verds. rfc 'a. Sir W. Coiling; Cadiz and Rio. ; C l6.—Arrd. Port Glasgow, Quebec. .AETUOUTH, OCT. 16.—The Gneisman, from St. o ►,- L inalo to Dantzic, in ballast, has put in here leaky, and _Been laid on the Hard. le „PLYMOUT H , O CT. 15 . —A rr d. o ff, J o h n , J ama i c a. t'ALmourn, OCT. 15.—Wind E. to N.N.E., mode siqate.—Arrd. R oya l T ar ( steamer ) , w i t h Mediter ts- a nean mails. Sid. her Alaiesty's steamer, Alban, a on . • cruise with supplies for the homeward bound. B RISTOL, OCT. 16.—Arrd. John Bentley, Desbro, St John's, New B run swick ; Mary Lang, Jamaica. e n t YbE l OC T . 13.—Arrd. Lavina, Newfoundland. -11 " ed, Louisa, Trinidad; Sam Slick, Honduras. SHIELDS, OCT. 14.—Sailed, Bernard and Su sannah, Bermuda. LIVERPOOL OCT.l6.—Wind N.W., light. 16 . , -'1 le light.—Arrd. Pilot, Peterson, Chili, sld. June 23 ;; 1 )11 a, Hodg son , Valparaiso, aid- June 24 ; Amelia, le xander and Pearce, Looney, Porto Cabello; Vio t • VII , 7 ' , Simpson, Tampico ; Ellen Brooks, New Orleans ; ytl 0 -4 " 11 a, Dalhousie ; Lord Maidstone , and Am o y; - Luebec ; John Taylor, Africa ; Antilles, Valparaiso. tt,, ti fi c c ovk Es,, ISLE . OF WIGHT. - 6, v. A (FROM oug, OWN CORRESPONDENT.) 4; •R ,1,-,.,L -L YACHT SQUADRON INTELLIGENCE. ',. , - "e season is fast drawing to a close, the only 14 1.;::°-el P about the station are the schooners Flirt, :* `'''N --4 p' ii . t a vy, k, Gem, and Circassian ; and the cutters ;,:' ' Th e -I '', - , o ,wer of Yarrow, and Waterlily. feu • aut umn '''''".le Commodore was fitting out for an ' Dudley erals e when the dangerous illness of Mrs. eL .1 .1.84 •...,, l , ,Pel han% called him to St. Lawrence on the 5.4, Li d a n as her life was 414 3 -. A 11 1 3 : duri Q despaired of the yacht was . - ' death w,.. I ng oaturdav, Sunda, and . Monday her sh e i, ," ennrly expected ; she has since rallied, and • iiii:rol\LitvvikiiiitaerndaEngsler.. In i,, ~, though still dangerously ill, we hope not si. and family, left on Saturday in ' 1 the Dee steamer for Madeira. T,: Ili r i r r i e Plilingha'm Graham and family are still at F ., ilk. rh , n d,ge • the Countess of Darnley at Beach -• j e Larl of Errol at Oak-hill House; Sir t ‘ Lay ls p Gr aharn and family at . Grantham House ; k,,t ,.. Cad le a,•, n t)re at 4th Cottage ; Sir E. Paget at the i ! , Hou se ' sAlrajAor.-General Sir H. IValton, at Ca G st o le . (1 0 1. 1 . 1 . Murray at Castle-terrace ; Lord T. H h m Esq., at lc . the I' In at the Small Pavilion ; ug a ' 3 ... l/large Pavilion ; Gen. Truman at Prospect House. 10 . r7:2, - c --r• Barwell on Thursday took possession of East .14 Cowes Castle Which he has purchased of the Earl of , . sh anno , 41 ' \i* n ' L ' , our -t , urnerous visit ors cont i nue t o arr i ve t o make the of the island, and a few for bathing. • ii : l 4 e, •K hr , ao „„.,- TKO MARKETS.-- .11,,,,. . (THIS DAY.) .. CORN EXCHANGE. , . T _ . ''''' tikO lu ' a t week's arrivals were moderate of English Grain ali t Hi "OM of Fl • ot al , . our. This morning's supplr was small "1141- * ,i i i', B°r ta ef Corn. The best English Wheat sold iolliftwo.i;:srehiariiinlyg;peetrher sorts and Foreign were heavy, and one quarter lower than last Monday. Barley Was also one shilling per quarter cheaper. Beans, Pe as , and Oats were - without - variation. Flour met I, R slow demand at last quotations. flo. - ,r; '4/i ris ' '. 1 v it , 4 '11:,., neat,Red rater* ON BOARD OF SFI? t_ l ' t " . ..........wh i l:t d) :: ::: 5,24n__:: 5 : 8 4:. Beans_,Smal_li ( n o e m w; .... 34 • 355. ,5 :imi. 26 2 5 . t o . , ...-.......... RedlB42) ...... .504 545 * . Tick (new) .... ". 14. - ,ys. 4.6 4 ;1' , ............... Fine ........... -I. .-5. .-(oldl ...... ..- ...„. • •„„,. lit,. '1 '.."------..--s-,Stat.triertin.e ..... Ms 555. - Harrow (new) ,,,,.:',. 'l O , I ,`ll `Wy lie ( 1842) 52,. ss, - 34 ' 4 ', ...., 1 ti'. ................Superil ...... .. • Brank ........ : - 58 1 5 . - at. Oats Feed 16- 21. Vt,7---.....Foreignfree ..... 4Gt 506. ............. .................385. 40 5 . - Poland N N e ::: ..... ...Si, 255 , isarley. ,or,,,i ti. ___ . . ..... ............... 265 325 ..... '',. .. It j l'' ......--": Grinding ............... 29t. - - Potatoe ,zew ... . 24 Ms. Ma1 ting............ :A. :• . .2.. 1, n,, t 1.1 , k- : 4 . 1 'Lit ....................5r3 25 87s. . t . „..4 , 1t i, `- Fine New s. Oa. 5;6 , -...... 2 r c l o s t h c h 143 ...• 17 VI , . ~ .4 i ....::, 9rer, New .........nos. Flou: -. 1 8 'ow co n n ler 3 ack ).... 46.. 483. Mape New . ..... :30.. :Is. 4. 4.2 . 5. "v....-. White .32. 14.. -......... l•forth Country.... 31 , 4 8.: "-•-+ Boilers .28, 40A Bran S Ai ITHFIELD. 1 The number of Cattle was not so large as on Mon t-44Y last, and the demand better at an advance from ?: 1 . to 4d. per stone. There was an unusually large , sl ",tittib er of Sheep. In Veal, Pork, and Lamb, there 3,480 ; Sheep and I 48 little alteration. --, Qt rais, 37,280 ; Calves, 66 a • Pigs, 609. Beei,_ 3s. to ti, - :*s. 4d ; Mutton, 3s. to 4s. 2d.; Veal, 3s. 6d. to 4 S . 8 d..; Pork, 2s. Bd. to 4s. 8d ; Lamb, 3s. 4d. to 3s. Bd. PROVISION MARKET. a l 11.. ' full Thiire was not much demand for Irish Butter, but Prices were paid. Foreign Butter was inquired he rs after. Pi ne D utc h at 100 s. t o 102 s. per cwt. Prime '' o n c was in reques t, an d Waterford- brought 58s. to . q t ,i i.... %1 11 . 6 ° B - landed. 1~, TEA MARKET. , The public sales, which commenced on Thursday : at't, were brought to a close • they continued very dull 16 to the termi na ti on , and prices generally were w• er• Congou and Twankay id. to id., and other s crts id. to 14d. per lb. lower. TALLOW MARKET. s 1::: The demand for Russian Tallow continued slack, S nd ihe market was not quite so firm. P.Y.C. on the Pot 48.. 6d., and for buy ers a b ou t 48 s . 3d. p e r cwt. rurchases were made for forward delivery up to they e nd of the year at 48s. 3d. per cwt. _,. 4;4 R OYAL NAVAL o. ' ~ SOCIETY.—(THIS DAY.) ji . ; ti. : l ne quarterly meeting 04._ the, Court of Assistants of Il k , ue Royal Naval Benevolent kociety was held this Itsr.../(, raorning at Willis's-rooms, at twelve o'clock, Admiral ~, - ''topford, the President of the Society, in the chair. " t), The Secretary, Commander DICKSON, announced tthat the Society's votes to the Adult Orphan Institu t); 1 1 ° . 11 Were given to the daughter of the late Lieut. '''. "RI, who was struck overboard and nearly kilked by :, Li , 'now from a handspike when boarding a Por oi . ; 11 . R . . 1 1. ese slaver, and who .t,icrtviiien, to a subsequently fell i?.:. the African fever, after six years' hv ; ,,. t ' i , c . on the coast, while commanding , Tht •:, , 'e vigilant and celebrated cruiser the " Black Joke! - 9 -_, fter the minutes of the last meeting had been read, 5: ~ the,,C°urt proceeded to consider the petitions of the ,- ti - ., triou s • l a , - applicants for relief. Among the applicants 11 1 . :•:; , . : 'w th as Airs . Pimm, the widow of Lieut. Pimtu, to Whom 3 ___ , . 0 Court voted' 201. There were upwards of &:, ,c 7141 Petitions for relief ; having disposed of which, the Court -18 1 . J uliourn e d. fan Caul Lord and Lady C ottenham have left Powderham Imi- ae, De'von. The Dowager Lady Blackett has returned to Port rnan•square, iron Thorpe Hall, Surrey. THE SUN, LONDON, MONDAY EVENING, OCTOBER 17, 1842. LA W INTELLIG ENCE. BANKRUPTCY.-(THIS DAY.) MESSRS. CROSBY, VALENTINE, AND WHITE'S DANr., RUPTC Y. The bankrupts under this fiat had been extensive hardware merchants, carrying on business in Houns d tch, and also at Birmingham. This day being fixed f,r audit and proof of debts, several proofs were ten lered, amongst which was one, upon a joint pro missory note of Valentine and Crosby, which was . sought to be established against the joint estate of the three bankrupts. It appeared that the party holding the promissory note was under the impression that White was a secret partner when he accepted it, and a verdict having been given against them, he now sought to prove for the original debt and the costs. After considerable discussion, Sir C. WILLIAMS al lowed the proof to be received, minus the cost% None of the bankrupts being present, although the meeting was' appointed for eleven o'clock, Sir C. Williams raid, the creditors, after losing their money, were at all events entitled to the satisfaction of having the bankrupts in Court, to answer any questions that might be put to them, and he was determined in all cases to enforce their attendance at least 10 minutes before the hour named for the meeting. The official assignee announced that up to the pre sent time the assets realised would afford a dividend of 3s. in the pound upon the aggregate amount of debt. POLICE INTELLIGENCE WORSHIP-STREET.—(THIS DAY.) John Keane, an Irish labourer, was charged with assaulting his wife. Police Constable, 103 G, stated, that at about 7 o'clock yesterday morning he perceived a crowd round a house in Adam and Eve-court, Whitecross street. Ile went to the spot, and found the wife of the prisoner lying on the steps of a door, apparently in a very dangerous condition, and vomiting blood. She told him she had been ill used by her husband, who was pcinted out to witness, and taken by him into custody. He sent for his Inspector, who ordered that a surgeon should be sent for. Inspector Shackle deposed to having seen the woman under the circumstances detailed by the preceding witness. The surgeon who had been first called in stated that bethought there was no fear of the woman's recovery, , if she were properly at tended to. She had, however, been afterwards taken to St. Bartholomew's hospital, where she was now lying in a very dangerous condition. The prisoner stated in his own defence that his wife had been drunk and disorderly at his house on Satur day night. He opened the door to lot her in at about two o'clock in the morning, when she began to abuse him. He pushed her, and she fell down the steps of the door. Other witnesses deposed to the disorderly behaviour of the wife. The prisoner was remanded until the con - dition of the woman could be further ascertained. SPORTING INTELIAGENuE. (RECEIVED THIS DAY.) NORTHALLERTON .RACES—THURSDAY. The Two-yrs-old Stakes of 20 sovs., h ft, with 10 added. Mr. Bayston's Sands (Templeman) 1 Mr. Jaques's Semiseria 2 Sir W. Milner's f by Sheet Anchor 3 The Town Plate of 501. Heats, two miles. Colonel Cradock's The Prior, 3 yrs 1 1 Mr. Catton's Candidate, 4 yrs 6 2 Mr. Lancaster's Simon Pure, 3 yrs 5 3 Mr. Powlett's Bobadil, aged 4 4 Mr. Loy's Palmeri°, 3 yrs 2 5 Mr. Stebbing's Portion, 3 yrs 3 6 FRIDAY. The Gold Cup Stakes of 10 sovs. each. Two miles. Mr. Fowles's b f Alice Hawthorn, 4 yrs Col. Cradock's b f Sally, 3 yrs . ' Mr. Wormald's Millepede, 4 yrs 3 Mr. Milbank's Sampson, 6 yrs Mr. H. Beresford's Disclosure, 6 yrs s' Plate of 501., for all ages ; heats, two miles. Mr. Cuthbert's Queen of the Tyne, 3 yrs Mr. Bell's Eboracum, 3 yrs Mr. Gascoi,gne's Jack Sheppard, 4 yrg 2 3 DUMFRIES RACES—THURSDAY. The Gold Cup Stakes of 10 guineas each ; two miles. Mr. Johnstone's Charles XII., 6 yrs (Marson) 1 Mr. W. R. Ramsay's Foxberry, 3 yrs Won by a neck. The County Members' Plate of 501. Heats, once round and a distance ; winner to be sold for 2001. Mr. Smith's The Maid, 5 yrs ....... .... (Joy) 2 1 1 Mr. Ramsay's Martyrdom, 4 yrs 1 ' 2 '3 Captain Erskine's br m, aged L 3 2 2 'i'he Dumfries Whip Stakes were won by Mr. fliddle-. ston's Fair Helen, beating two others. FRIDAY. The Stewards' Plate of 501., added to a Sweepstakes or 10/. Heats, two miles. Mr. Ramsay's Foxberry,3 yrs (Robertson) Mr. Ramshay's Moss Trooper, 3 yrs The Southern Plate of 501. Heats, once round and a dis. Mr. Johnston's William le Gros, 3 yrs Mr. Maitland's Clem o' the Clough, 6 yrs • 3 2 Mr. A. Johnstone's f by Yoltaire—Proserpine, 4 yrs 2 dr Handicap of 5 suvs. each, and 25 added, for the beaten horses. Once round and a dis. Mr. Maitland's Cleni•o' the Cleugh, 6y rs (Noble) 0 I Mr. Itainshay's Moss Trooper, 3 yrs HUNTING APPOINTMENTS. M. H., Tues., at Chesselburn Mill ; Fri., Godinan , stone Down-11. • • • • Mr.•Dennett's (the Lytnington)'Harrs., Wed.; at Buck lard Kennel ; r ri., Norley Firs-101. . • Mr. Long's Harrs., Wed., at Garrett's Barn ; Fri , Bolesbury Knoll-11. Hursley lids., Fri., at Sandy Gate. H. H., l'hurs., at Chawton Park ; Sat., Greyhill—lei. Tytherley Harrs., Wed., at West Dean ; Fri., Newton Stacey, Thanet Harr., Wed., Minster Mill ; Fri., Northburn Mile-10. SOUTVAMPTON, OCT. 15.-- Sailed at twelve o'clock this day, the Royal West India Mail Steam packet, the Dee, for the West Indies, taking out ninety-fbur passengers, thirty of whom are for Madeira, paying. the full fare to St. Thomas's. In consequence of the number of passengers which the Dee has been obliged to refuse, the Tay steamer, Captain Hayden; which arrived here on Thursday evening last, will sail as an extra packet in the course of next week, sixty berth!, having already been engaged. The Oriental and Peninsular steam-packet, the Montrose, sailed this afternoon for Gibraltar, with full complement of pas sengers, among whom are Sir Charles Napier and fa mily fur Lisbon.' Sunday, October 16.—The Orien tal steamer, from Alexandria, was this morning released from quarantine and arrived here from the Motherbank, and landed her passengers, thirty in number, who proceeded from hence per railway. Arrived this morning, the Peninsular Com pany's steam-packet Royal Tar, with full cargo of fruit, and 12 passengers, and 30 oxen. The Royal Tar left Gibraltar on the 6th inst., Cadiz on the 9th, Lisbon on the 10th, Oporto on the 11th, Vigo on the 12th, and Falmouth on the 15th. There is consider able improvement in the beasts imported this week, and when the Spaniards begin to find a ready sale for their produce, some little more attention will be paid to their grazing of the cattle, so as to let them come in a better condition, and more suitable for the Eng lish market. The 30 that have arrived by the Royal Tar were sent by special train from Southampton this day, to enable them to be early in Smithfield to morrow morning. A sailing vessel left Vigo on the 3d inst. with 50 beasts, and owing to adverse winds has not yet arrived. The cost of beasts at Vigo averages from 51. to 71. ; freight and railway expenses, 41. ; and they fetch on an average 151. to 161. each ; some have fetched as high as 251. Lord Charles Wellesley, Lord Wilton, and Mr. Mellish were among the passengers that landed at the Brunswick 11 , hart; Blackwall, this' morning, from the General Steam Navigation Company's steam-ship Rainbow, Captain T. Fife, that left Antwerp the pre vious afternoon. Sir John and Lady Charlotte Guest, and Mr. Greenfield and family, arrived on Saturday frOm Ostend, by the General Steam Navigation Company's steam-ship SiriEdward Banks, Captain D. Robinson. DEATH FROM CARRYING A HEAVY LOAD. Mr. Payne held an inquest on Saturday evening in the Committee-room, Cock and Hoop-yard, Houndsditch, on the body of Thomas Gardner, aged 53. Michael Lupman, fruiterer, of Petticoat-square, said he em ployed the deceased at Spitalfields-market, ~ n Satur day morning, to carry three baskets, one filled with with nuts and two with apples, to his residence. They weighed about 130 lbs. lie carried them upon his head, and upon reaching the shop-door found them so heavy that he could not lift them off without assist ance. A woman helped him, and immediately that they were placed on the ground witness's wife said, "Dear me, how pale the man is." At that moment deeeased fell, and in a few minutes died. Mr. Tity, surgeon, attributed death to the rupture of a large vessel near the heart, caused by the exertion of lifting such a heavy load down from his head. Verdict, " Natural death." Mr. G. E. ANSON.—This gentleman, the Treasurer and Private Secretary to Prince Albert, who met with a serious accident by being thrown from his horse on Friday . morning last, as he was leaving the Castle with his Royal Highness to hunt with the Prince s beagles in the Great Park, was re,i:oved from his re sidence at Cumberland lodge to the Castle (where he now remains) on Saturday, accompanied by his lady, th (Hon. Mrs. Anson. 'The injury sustained is of such a nature, that it is not expected he will be able to walk for some time, and then not without assistance. THE HIGH BAILIFF.—A report has got abroad that Mr. Payne intends to retire in favour of Sir Wm. fieygate. This is is totally without foundation. Mr. Payne 6011 intends to contest the election. facilisli and haddocks are so abundant in Hy the Bay at present, that the boats are enabled to catch a load in u vCry brief space of time. Cod is remarkably cheap; and haddocks have been sold at Folkestone so low at 18d. per 100.—Dover Chronicle. SPEECH OF NR. 'WEBSTER AT BOSTON. (Prom the Boston Courier, Oct. 1.) -Long before the time arranged for opening the doors of Faneuil-hall, yesterday morning, even while the constables and others were cleaning it and ar ranging the platform, many people came in and took their stand, and at ten o'clock the hall was nearly full. People from the south as far as Baltimore were here for the purpose of hearing Mr. - Webster. At about half-past ten o'clock the Mayor came in, ac companied by a number of friends of Mr. - Webster, and some of our most distinguished citizens. Before eleven o'clock the hail was filled in every corner, and it seemed as if there would hardly be room for the entrance of the committee and their guest. The MAyor, (Mr. Chapman) announced that a number of the gentlemen had invited Mr. Webster to meet them at a social entertainment, but that that gentleman had pi eferred a more public and quite as social mode of meeting them, and that this place had heen appointed for the purpose. After only a mi nute or two had elapsed Mr. Webster and his friends arrived, arid he was formally introduced to the Mayor by Mr. I'. B. Curtis, the chairman. The MAYOR then addressed him, and concluded as follows :—I have only to say, that Daniel Webster, the faithful representative, the manly and able states man, your fellow-citizen and friend, is before you, and I leave his name to do the rest. Mr. WEBSTER replied in a speech of which the fol lowing report is given :—I know not how it is, Mr. Mayor and Gentlemen, but there is something in the echoes of these walls, or in this sea of up-turned faces I behold before me, or in the genius which always hovers over this place—a place which has so often reverberated to the tones of ardent and patriotic feeling—there is, I say, something which excites me deeply, too deeply, before" can even begin to address you. It cannot be doubted that this salutation from my fellow-citizens is dear to my heart. Boston is indeed my home—my cherished home. It is now more than 25 years since I came here with my family to pursue in this enlightened metropolis those objects in life for which my private and professional studies and education had alike designed me. It is more than 20 years since I was invited by my fellow-citi zens of Boston to clothe myself with a public trust. It gives me infinite pleasure to see here to-day, in the seats appropriated to gentlemen of more advanced life, many of those 'who were the most influential agents in inducing me to enter upon that course, and to devote myself to the service of the people. When at different times my public duties have withdrawn me from the attractions of home, I have felt this to be the spot to which all my most cherished local affec tions tended ; and when the progress of time shall bring a period (if that period is not hastened by the course of events) to my public career, I cherish no hope with more pleasure than to pass among you, my friends, what may remain to me of life—and to leave in the midst of you, partaking of your fortunes, whether they may be good or evil, those who bear my name. _ The Mayor has spoken very kindly of my conduct on various public occasions, and especially of the results of the late negotiation. I hope something has been dune permanently useful for the good of the country. I do not claim for myself any particular merit. I simply endeavoured' to do my duty. I have had some hard work, indeed ; but I am not altogether unused to it. I have passed, during the last summer, many anxious days and sleepless nights, but if my fellow citizens should be satisfied with the results of my labour and anxiety, my other days will be happier, and my other nights blessed with sweeter sleep. It was an object of the highest national importance to disperse the clouds which hung over the relations be tween England and America. A large class of ques tions were to be decided, which did not perhaps threaten immediate war, but which prevented any as surance of permanent peace. At the inauguration of President Harrison, in 1841, was called to the place which I now occupy ; and, althoUgh'it is generally in bad taste to speak of one's self, yet . here, among my friends and neighbours, I wish to say a word or two about matters in which I myself am deeply concerned. With the late President Harrison I had contracted an acquaintance while we were both Members of Con gress. I saw him afterwards at his house in North Bend. I desire to make no boast of the confidence which it was his pleasure to repose in me, but circum stances have rendered it not improper to say, that so soon as General Harrison was elected President of the United States, and without, of course, hearing pre viously from me, he wrote to me, offering me any place I might choose in his Cabinet, and asking MN' advice as to the other persons of whom it should be composed. He expressed rather a wish that I should take the Treasury Department, as I had paid con siderable attention to the subjects of currency and finance, and as the wants of the country in those par ticulars had been the moving causes which produced the revolution that had placed him in the chair of state: It so happened that my preference was for the ether place, which I now hold, notwithstanding the perhaps greater rare and responsibility which belong to' it ; for to say truly, with whatever attention I had examined the subject of finance, I felt more compe tent to undertake the duties of any other branch of the Government than to go through the daily drudgery, of the. Treasury. I was not disappointed when I learned the extent of the responsibility I had assumed`; for, although the whole of the danger was not developed, yet I saw that when the state of affairs between England and America should become known, an outbreak was sure to be at hand. I allude to oc currences upon the frontier in 1841, with which the name of M‘Leod was accidentally connected. A year or two before, the British Government had seen fit to authorise a military incursion into *lir territory against the steamer Oaroline, alleged to be engaged in hostilities against her provincial subjects. The act was allowed by England as a public act. Alex ander 1114.e0d, who, as an individual, deserves no re gard or sympathy, was supposed to be one of the agents who, in a military character, performed these commands of his superior, and he was, some time after, arrested in the United States for homicide, and held to trial as fora private felony. According to my apprehension, this proceeding was opposed to well-settled and received doctrines of public law, and was of a character likely to create indignation, not only on the part of the Government, hut among the people of his country. Suppose any citizen of the United States who, as a military man, should obey an order which he must either obey or be hanged, should be found years after in a foreign country, tried for an ignominious crime, and threat ened with an ignominious punishment, is there a man in the whole country who would not instantly cry out for redress and vengeance ? Every elevated Go vernment claims for its subjects personal immunity, when acting in obedience to its commands. Every high-minded Government says at once—"l am re sponsible ; look to me for redress ;" and exclaims, as in the story of Nisus and Euryalus, "Adsum qui feci— me, in me convertite tda." Information of this arrest reached Washington within a few days after the installation of General Harrison. I did not think it necessary to state the fact then; but if every thing had been known here that we knew in Washington, the shipping interest and every thing which depended upon commerce would have been depressed one-half in six hours. I thought the crisis might be averted, by admitting in our diplomatic correspondence in relation to it the acknowledged principles Lof public law, and demanding an apology for the transgressions of that law by Great Britain, by putting ourselves right in the first place, and in sisting that they should do right in the second place. While in England in 1839, I happened to have occa sion to address a large assemblage of English per sonages, and I stated then what I thought, ail what I think now—that in any controversy between the United States and England, the only eminent advan tage which either side will possess will be in the rec titude of its cause. With right on our side, we should be a match for England—with right on hers, she would be a match for us, or for anybody. With the advancement of society, and the improve ment and diffusion of the means of education, _a new and elevated tribunal has come into being to which the disputes of nations must in all cases be referred— I mean that of public opinion. Nations cannot now go to war, unless for grounds and reasons which will Justify them in the general judgment of mankind. The influence of civilization, the increase of know ledge, the extension of commerce, and, more than all, that heavenly light which beams over Christendom, restrain nations from gratifying an inordinate ambi tion by the bloody scenes of war. It has been truly said, that every peace arrangement is a new tribute to Christianity, and new proof of the benign influences of the Christian faith. In regard to the terms of the treaty, it would be awkward for me to speak, because the whoie correspondence has not yet been published ; but I persuade myself that. when - the whole shall be calmly considered, it will be mound that sufficient care has been taken to maintain the just interests of the country, and to preserve every point of honour, while a proper regard has been paid, on the other side, to the establishment of pefmanent peace. Gentlemen, in acknowledging the commendations which you have been pleased to bestow upon me through your Mayor, I have an agreeable duty to perform towards others. I take pleasure in bearing testimony to the constant and intelligent attention to the interests of the country in these respects which has been manifested by the President of the United States, and to the sincere and anxious desire which he has displayed to maintain peace bet Ween the two countries, and I cheerfully acknowledge here and everywhere, with heartfelt gratitude, my obligations to him for the unbroken and implicit confidence which he reposed in me while I was transacting affairs not unimportant to my country, and of infinite li n _ portance to my own reputation. A negotiator dis trusted by his own Government must always find himself in a painful and embarrassing condition. A negotiator so situated would, indeed, be an unequal =tell for a cool and - sagacious statesman, invested t by the proudest Government on earth with entire au thority to bind it in the most important respects. I shall never forget the frankness and generosity with which, after a conference with' the President, he did I me the honour to say, that on my shouldati rested the entire responsibility, and on my discretion the ulti mate decision of every question. It is also gratifying for me to speak of the hearty co-operation and aid which were so constantly ren dered by the other branches of the Government, and I need hardly say that the highest respect is due to the Commissioners of Maine and Massachusetts, for the cordial assistance which they afforded throughout the progress of the negotiation. While their conduct was distinguished by the most faithful adherence to the interests of their own States, they were not wanting in a just and statesmanlike regard for the interests of their country and of humanity. A happy selection was made by England of the Minister to whom her interests were confided. A thorough Englishman, well understanding and faith fully pursuing the interests of his country—a states man of large and liberal view;—of such standing and weight at home, that whatever he did was almost sure to receive the sanction of his Government and the approbation of his countrymen—atthe same time well acquainted with the relations between the two coun tries—thinking favourably, and always, cm suitable opportunities, acting favourably towards the United States—if he finds his work well received at home, he may congratulate himself upon having made an arrangement conforMable to the honour and interests of all concerned, and may well say that in this he haS achieved the greatest labour of his life. Aside from the North-eastern boundary question, the correspondence, when it appears, will show that other subjects of great moment to the country have been attentively discussed. The opportunity was not neglected of calling the attention of the British Co vernment to important questions which have long re mained unsettled between the two countries. In re • lation to all these matters, I look with deep concern, but with faith and trust, to the judgment of the people. There yet remain in our foreign relations several subjects of considerable magnitude, which demand at•• tention. Even with England several questions are yet unsettled. An arrangement was made in the year 1830 respecting the colonial trade on this conti nent and with the West Indies, of which I have taken the pains to keep the run to the present time. I have the misfortune to know that that arrangement has proved extremely unfavourable to the shipping inte rest of the United States, and especially to New Eng land. The department with which I am connected has been called upon for a report in relation to this subject. A report has also been presented to the House of Representatives by a Committee of that body. I hold this subject to be one of vital importance to the navigating interests of the country. A - question of somewhat more importance is the line of boundary of our territory on the Pacific west of the Rocky Mountains. I need not advert to the ne cessity of deciding this question before the country shall become settled on one side and on the cther. We have unsettled our relations, too, with other States. American citizens have claims on most of the Govern ments on this continent, arising out of occurrences in which they have been unfairly treated. It becomes the United States, by a calm and dignified course of action, which shall be at the same time decisive in its tone, to insure a prompt settlement of these demands. Gentlemen, I am here to-day as a guest. I was invited by a large number of highly-valued personal and political friends, to partake with them of a public dinner, for the purpose of giving them an opportu nity to interchange the usual greetings, to pay their respects to me for public services heretofore, and to tender their congratulations for the success of this last negotiation. At my instance the proposed meeting took this form, insteaa of that of a festive entertain. ment, and I have come to meet such of my fellow citizens as choose to meet me in this more public manner. Still, the general character of the occasion is not changed. I am here as a guest, to receive con gratulations on particular subjects only. On these grounds I forbear from expressing my own opinions on other subjects—thinking it my duty so to do. I shall not say how far I agree with my friends, and how far I am unfortunately constrained to differ from them. I defer the fulfilment of my wishes in these respects to another occasion. I will say one thing, however, because it has been alluded to. The Mayor was kind enough to say, that haying performed the duties - of my station, it may be be left to me to take care of my own honour and repu tation. I suppose he meant to say, that in the preser.t distracted state of the Whig party, and amidst a con trariety of opinion, if contrariety there be, it may safely left to myself to decide upon the course which it is proper for me to pursue. I am exactly of his opinion. I am quite of opinion that in a question touching my own honour, and the consistency of my own character, and as I am to tear the consequences of the decision, I had better be trusted to make the decision myself. No man values the advice of friend, more highly than I do ; but in a question as delicate and important as this, and so closely affecting myself, I like to choose the friends who shall advise me. As to what my decision will be, I leave you just as en lightened as I found you. I make no pledges—l give no intimations as to the course I intend to pursue. I will be as absolutely free, when this day closes, to act greeted ine.—(Nine ch eers .) Th ere is a delicacy i n as I think duty call s , as I was w h e n its dawn first the case, as there al wa y s i s , w h en o ne is obliged t o differ from his f r i en d s , b ut no embarrassment. If I see the path of duty clear before me, there is that within me which assures me I am able to pursue it without embarrassment. A public man has no occasion to be embarrassed, if he is honest. He is nothing; his country and duty are everything; and as he acts or not solely with reference to them, he is marked for a great or a little man in . time to come. There were many persons who found great fault in 1841 with ray remaining in the Cabinet. Notwithstanding 20 years of honest, I do not say, efficient, but I will not say undistinguished service in the Whig ranks, my remaining in office produced such an outpouring of abuse as seldom proceeds from Whig tongues or Whig pens aga i ns t any man. I am a little hard to be coax e d, an d a little harder to be driven, and thinking myself in a post where I was likely to do good service, I stay there—and I leave it to you, this day, and to my whole country to say, if the country would have been better off to-day if I had left my post. I have no attachment to office—l have tasted its sweets, but I have also tasted its bitterness. I am content with what I have achieved ; I am too anxious to preserve what I have gained to run risks in seeking new acquisitions. I might stop here, having alluded to nothing except what concerns my- v self ; but some ten days ag o , a mos t respectable con ention of Whig delegat es assem bl e d i n thi s h a ll, an d passed a series of not unimportant resolutions, which it may he proper for me to notice. There is no set of gentlemen for whom I entertain more respect and served regard than for that conv en ti on . Th e y are Whi gs --but they are no better Whigs than I; they have in the Whig ranks long and well, but havettilelir country u quite as long, perhaps with less ability and success. They were sent here to s agree upon candidates for the office of Governor and Li eu t e nant -Governor of thi s C ommonwea lth—if th ey had any commission beyond that, I am not acquainted with it. Taking into view the limited extent of their authority some of their proceedings appeared a little inconsiderate. I know, indeed, that the resolutions which are presented at large conventions can never receive careful deliberation. I noticed, among other things, a declaration, on the part of the Whigs or this Coßunonwealth, of a full and final separation from President Tyler. Those gentlemen were Whigs, and entitled to speak their ow n sentiments. Whigs, indeed, speak out their sentiments everywhere ; but it is quite another thin g for them to speak for others, for all the Whigs of the Commonwealth, when they were not authorised to do so. I am aWhig, always have been, and always mean to be. If anybody seeks to turn me out of the pale of that communion, let him see which will leave it first. I am a Massa chusetts Whig—a Faneuil -hall hig, having breathed this air for twenty-five years, and mean to b reat h e i t the rest of my life. I am accustomed to submit to the decisions of Whig conventions. when properly autho rised, and know that frequently the public good can not otherwise be atta ined ; b ut it Is quite another . question, whether they shall bind me in relation to subjects which I did not submit to their arbitration. This convention pronounced It full and final separa tion of the Whig party from the President. A full and final separation ? This is a text which requires a comment. What does it mean ? That all measure , : are to be opposed, whether right or wrong. The Pre sident has yet three years to serve. If the President shall eritteavour to benefit the interests of navigation, are all the Whigs of Massachusetts ready to separate from him ? If he review the whole commercial policy, so as to obtain a reciprocity of commercial ad vantages, and proper measures shall be re c o mmen d e d for that purpose, are the W igs of Mas sac h use tt s t o separate from him, to give hire no aid ?—(C r i es o f " No, no.") Well, I say no, too. If the President shall look deeply into the principles of indirect trade and of reciprocity treaties, and if measures are to be taken to revive our suffering com merce, are the Whi g s of Massachusetts to resist these measures, and to oppose such efforts for their advan tage, merely because they emanate from the present Administration ? Here, among us, are gentlemen v.ho do know that more than one-half of the carrying trade between the Brazils and the United States is engrossed by tonnage from the north of Europe. This is one of the unavoidable consequences of the so called reciprocity treaties, in which the benefit is always on one side, and the burden on the other. By those treaties we take the bread front our children's mouths, and give it to strangers. I ask you (turning to Mr. Benjamin Rich, who sat near hi m ), as a ship owner, if this is not true,? (Mr. Rich replied em phatically—" It is true.' ) lAre we to separate from the Administration ? isse we to bear these evils for three years longer, until Providence shall bless us with more power to do good than we have now ? There are many persons in office under the Administration wha are supposed to 1e pretty good Whigs—collectors, marshals, district attorneys, and others. What is to become of them in this separation ? On which side are they to fall ? Are they to resign, or are these things intended as a provocation to the Government to turn them out ? There is our fellow-citizen at the Court of London. Is he expected to come home, and yield his place to his predecessor or some one else.? And even the humble individual who now addresses you, on which side of the line is he to fall? When a divorce is de creed, it is customary to divide. the children between the parents. Where am Itogo ? I do not wish to treat this subject too lightly, nor yettoo seriously; I am well aware that resolutions offered to a large popular assembly cannot he attended_ to with any de gree of deliberation. Ido not know the Hon. Gen tlemen who prepared them. I dare say they were very respectable people. I do not suppose that they at tached much meaning to them, nor knew very accu rately what the little meaning that was in them was. They drew up a bill of charges, an indictment against the President, declared him guilty, and pronounced the penalty of a full and final separation. This resolution had an intentional, or unintentional bearing on my position. It is right for me to speak of it. The time has come for me to speak. If I differ in opinion from my Whig brethren in some respects, it is an honest difference. There seems to me a dis position to postpone all attempts to do good to some future and uncertain time. Why should we post pone ? 'There is a strong Whig majority in either house of Congress. It is time now to do good, to ac complish what remains to be accomplished. I am of opi nion that now is the time to act. There are persons of more sanguine temperament than myself. "Confi dence," says Burke, " is a plant of slow growth in an old bosom." He (Mr. Burke) spoke of confidence in men. It is true of confidence in future councils. There are people who see far along in the distance mild skies and halcyon seas. Darkness and mists blind the vision of other sons of humanity. It was not easy for the Whigs to attain power in 1840, and it is far easier to lose it. Nothing but union —cordial, sympa thetic, and fraternal—can save the Whigs from pros tration. It is not by partial and denunciatory pro ceedings, and still less by prescriptive resolutions, that we shall ever keep the Whig family together. We came in as a party mae up of men of different opinions—embracing every complexion of political creed. There were men of extreme state rights' opi nions—of extreme federal opinions—there were tariff men, and anti-tariff men. The country expected them, in a spirit of harmony, union, and cordial sym pathy, to agree to save her from the effects of the ruin ous measures of the last Administration. The whole history of the revolution of 1840 preaches to the Whig party kindness, forbearance, conciliation, friendship, sympathy, and union. Gentlemen, if I understand the matter, there were four or five great objects for which the Whigs strug gled. The first great object was to establish a per manent peace bet Ween this country and England, for although there wa3 no war, there was a perpetual agi tation, which, by rendering men uncertain of the fu ture, and by lessening their ability to calculate the chances of success, interfered with business one-half as much as a war would have done.. The establishment of a permanent peace was one object. The next object was the providing of a sufficient revenue. It is a notorious fact that the last Ad ministration exceeded its income. The country was in debt. The Compromise Act had diminished the revenue. It was necessary to provide sufficient re= sources to meet the ordinary expenses of the Govern ment. That object has to a reasonable extent been attained, and those who accomplished it deserve the thanks and respect of the community. The third great object was protection. Much has been done in furtherance of this object—l hope enough for the interests of the country—certainly enough to deserve my and your hearty commendation. It was the remark of a Prench rhetorician that there is no thing beautiful which is not true. I am afraid some of our jubilant oratory would not stand the test of this canon of criticism. It is not true, for instance, that the Whig ma:ority passed the tariff. It is well known that more than 30 Whigs voted against the tariff — good Whigs, too, in other respects. Some of the other party voted in its favoUr, and, after all, it passed but by one vote. A izreat deal of parade and eclat has been made because somebody comes forward at the last moment to the rescue, as it is called, and gives his vote in its favour. It was but one vote after all, and there were twenty of opposite politics who had done quite as much. Our neighbour from Middlesex, for instance, (Mr. Fomenter), stood as firmly, and voted as steadily in favour of the tariff, as even the distin guished representative of this city. He had one vote, too, and he held the tariff as absolutely in his hand as if he had the Presidential veto. It prevailed also in the Senate but by•one vote. Do we not all know that it could not hive passed but by the aid of the two senators from Pennsylvania—of Mr. Wright of New York, and Mr. Williams Of Maine ? Now, Gentlemen, let us admit the truth, and a lawyer always does that when it helps his cause. The truth is, that a large proportion of , the other party came in to help to carry the tariff. Looking as we all do to our industry as the means of livelihood for our selves and our children, can we consent that such a great object as the protection of domestic industry shall be identified with the success of a particular party—rising as the party rises, and sinking to the grave when the party goes down;?' It is a public and national question. A titriff 7 .a , sensible and mo derate tariff, should be inwrought into the politics of all parties, because, although I desire the success of the Whig principles, I wish to take a bond and security for the protection of industry more durable than even the permanence of Whig power. This tariff has accomplished much. I honour the men who passed it. It has restored the country to the state in which it was before the Compromise Act was passed. It has repaired the consequences of that measure. I may speak of the Compromise Act—my turn to speak has now come. — I can truly say, that no measure that has passed during my career in Congress gave me more grief and mortification. It was carried by a few friends joining the whole host of our enemies. 'the motives of those who framed the Act have been much commended. Ido not desire to impugn them. The motives of all public men are supposed to be pure ; but if the objects proposed to be accomplished by the Act be deemed to be the motives which induced its passage, then the motives were worse than the Act itself. Those objects were to impose upon the Legis lature, for all time to come, a restriction which the Constitution had not imposed, to introduce a new pro hibitory clause into the Constitution, to the effect that after 1842 no duties exceeding 20 per cent. (and those levied upon an absurd horizontal principle) should thereafter be imposed by Congress. It was a new, false, and dangerous principle, which was carried only by the pressure of emergency. I predicted at the time that the operation of this measure would be most disastrous, and that when its consequences could be borne no longer it would produce a spasm and a throe throught the country to get rid of it. But now, thank God, we have got rid of it. The present tariff law is specific and discriminating, and imposes duties above 20 per " cent. It rejects the principle of the Compromise Act, and I hope for ever. Another great and original object of the revo lution of 1840 was the restoration of a sound and uni form currency. Our troubles did not begin in the want of money, nor with the Compromise Act, but with the derangements of the, currency in 1833. For this great evil of a disordered currency no provision hes yet been made. If the tariff shall operate as a stimulus to the business of the country, I shall rejoin() at it ; but, until some provision for a general currency of uniform value throughout the Union, I shall be hard to be persuaded that we can see a return of our former prosperity. 1 wish to say a word. upon this subject. At the special session Mr. Ewing proposed a plan for a na tional bank, on the idea of a large capital to be illy-. nished by private subscription, with branches for local discount. It received the approbation of every mem ber of the Cabinet, as the only pita' : which would be likely to succeed, considerisAebpinions of the in dividual whom we had all agreed to put in the second place in the Government. It was the part of wisdom not to see how much of a case we could make out against the President, but how to get on as well as we might with the President. Mr. Ewing's Bill did not allow the establishment of branches without the consent of the States. I have no idea myself that there is con stitutional necessity for this restriction. T Haver had any such idea, but I could see no great difference that it could make. It was merely alheoretic difficulty, attended with no practical disadvantages that I eould see—but its opposers contended that the omission to exercise a power amounted to relinquishment of it. It was all along exceedingly doubtful whether snail a Bill, if passed, would be carried into effeot. We did what we could under the cirewastances. We sent to the principal commercial cities—we had men of skill and experience about us to consult with. They expressed doubts—hopes also, and pledged themselves to do the best they maid to promote its success. As the Administration was new, and fresN and popular, they opreased groat earnestness to try the new measure. It was sent to the Scuts, but re jected ; a new Bill was introduced, but after six R eeks' discussion, it was found that it could not even pass Whig Senate. I will not pursue the unhappy scuts of the latter part of the session of 1841. aion were excited, angry, and resentful. I saw the storm r i s i ng, and endeavoured to hush it. I thought that it was better to forbear theattempt to do anything mare at that t i me . My opinion was made public, la a letter to the two senators from 3180.aciNsetts. I wished to ve time for the exe ito passions of m en t o cool, but gi my advice was not followed. That hrowiht us to the couvaleucemeat of the late session. The Secretary of the Treasury sent to Con gress the plan of the Exchequer. I wish to say that this measure met my hearty, sincere, and entire ap probation. I hope, Gentlemen, I have never mani fested an overweening confidence in my own judgment, or extraordinary unwillingness to defer to the judg ment of my friends; but there are some subjects on which I confess I have, some respect for my own opinions. Of these, currency is one—it has been the study of my life ; thirty years ago, when the subject of a mixed currency, of the proper relation which specie bears to paper, was much discussed in both Houses of Parliament, I paid the greatest attention to the controversy. Many of you will remember the fa mous resolution of Mr. Vansittart, which was intro duced during the suspension of the Bank of England, and when bank-notes were 15 per cent. below par. It was insisted by Mr. Vansittart that bank paper was worth its face—that it had not depreciated, but that gold had risen. This doctrine was supported by Lord Liverpool, Lord Castlereagh, and Mr. Rhoades. It was opposed by the luminous learning of Homer, the powerful logic of Huskisson, and the practical good sense of Alexander Baring, now Lord Ashburton. The study of those papers, I confess, made me a thorough bullionist, and convinced me that no paper currency was worth anything that was not instantly redeem able in specie at the counters of those who issued it. Coining into Congress the next year, at the close of the war, and finding the finances of the country in a deplorable condition, I bestowed myself to the consi deration of that question. I read everything at all valuable, written or spoken, upon the subject, and became a close observer of what took place in other countries in relation to it, from the discontinuance of the first bank in 1811 to that time. I then expressed opinions which have not been altogether falsified by subsequent events. I may, then, perhaps, be permitted to place some confidence in my own judgment, and to take the responsibility of the course which it dictates, notwithstanding the flippant paragraphs of newspapers, or the hasty ebul litions of politicians. The measure submitted to Con gress at the last session is the best and only measure for the country. I stake my reputation upon it, and that is all I have to stake. If this Whig Congress will take that mea sure and give it a fair trial fur three years, it will prove itself the most beneficial measure ever esta blished in this country—the Constitution alone ex cepted. I mean if they will take it as it came from the consideration of the Cabinet—not as it looked after the committee had had their hands upon it. When they struck out the Exchange feature they made it not worth a rush, not worth the parchment on which it was engrossed. There is an absolute necessity in this country for a common, uniform, and cheap medium of change, for a machine which shall equalise debt and credit, from one end of the country to the other, with the same velocity with which steam carries men and merchan dise from one end to the other. We must have it for the country; a large and liberal provision for ex • changes, ready, cheap, and uniform, such as existed when many millions could at any time be exchanged, for less than three-quarters of one per cent., between the most distant portions of the country. How can we reach this goal but by the authority of the General Government ? A bank of the United States, founded on a large capital furnished by private subscription, is altogether out of the question. 'Whoever attempts it pursues an obsolete idea. Suppose a law now passed establishing such a bank with a capital of 50,000,000 dollars. Who is to sub scribe ? What would be the value of a share ? Ask the question in State-street. Do you want the nation to send here so much untaxed public capital to par take your discounts ? You would nut oppose it if the exigency of the country required it ; but you would not desire it, at any rate. If we are to wait for such an institution before we commence our efforts, we may as well postpone all attempts to restore the pros perity of the country till the incoming of the Jews. What, then, is to be done ? When the Exchequer plan was presented to Congress, it was assailed from all quarters. One gentleman, indeed, was bold enough to confess that he did not know but by possibility it might do some good. Some said it had not power to stand alone. Others that it possessed too great life and vigour, and would increase the executive power and patronage to a most alarming extent. One party called it a King Log, the other a King Serpent. Some said it was impotent wholly ; others that it was most dangerous—that it was a giant to stride over the liberties and overthrow the Constitution of the coun try. Those opposite arguments, loudly contradicting each other, convinced me, even beore it was sent to the Committee, that the plan would not be temperately considered. Our. excellent Constitution does seem sometimes to stand strangely in the way of the public progress. One man fears to do one thing, another fears to do something else, lest they may break the Constitution, and so they agree to do nothing. One man fears a bank without branching powers, lest that should break the Constitution. Another fear; a bank with branch ing powers, lest that should break the Constitution. A third will not vote for the Exchequer, lest it should give the Executive too great power, and enable hini to break the Constitution. And the end of all is, that we stand still and get nothing, just as a boatman who finds himself sur rounded by fierce and dangerous currents, and dares not pull a single stroke lest he may break his oar. To say that when the prosperity of the country is re stored, then we will look after the currency, is to say that we will not try to save the ship from sinking till the chances. of the winds and waves have landed her solely on shore. _ _ Ire must be a more sanguine man than I who thinks there can be a better time than the present for this work. The approaching session of Congress calls in the loudest voice of patriotism for immediate action. Here is a measure of the Administration to which the President aad his advisers are pledged. Why not try it, and if it lees not succeed, let the Administra tion take the responsibility? Gentlemen, I mean to make a free communication to you of my views. There is no man of my age in the country who has written and spoken more than I have against the abuse of the veto power, and my opinions remain unchanged. It is well known, and if it is not, I mean it shall be universally known, that I advised against the abuses of the veto power in every case in which it has been lately tried. BuNvhile I have done this, I have not :been willing to join with those whose great object appeared to be to see how they could best make out a case against the President rather than to see how they could serve the country, the veto notwithstanding. _ It seemed at the close of the session as if nothing was to be (lone till the veto power was abolished. if i This scheme of getting rid of the veto seems to m e with all, respect to those who entertain it, to be P : trleoS as a inGckery. Ido not say what would be We were now reforming the Constiptliaonu,ponnoirt,wbhuatt altogether strike it o u t. The Constitution of New Y or k , as other guards it might be proper probably no convention would altogether amended, requires a vote of two-thirds to pass certain Acts. The rules of the House of Representives cann o t b e sus pended without A Vote of two-thirds. The veto power amounts to up - gis A la f t t u u r r e. all, greater restraint upon the Le who expects to live to see the Constitu • tion amended in this respect ? And to give up all ideawill nofotbesaneyfititnrgiflinthge, b c u o t u t n ihs t e ry tcoo t u i t l nr l et t ra h t at th i i s teh do g n r e ea , t is l ' ind l pressing emergencies of Congresstoo little regard. Now is the time, and this y' Whig are the men to accomplish this object of reforming the currency, mid till that is done there can be no com plete restoration to prosperity. The plan of last year will accomplish it. lam confident of it; I know it. If a mechanic make a tool—an axe, a chisel, a plane of the proper temper and materials, and constructed in the proper manner, he knows it will answer its pur poise, and I know this will answer its purpose. There is another subject of much importance. I mean the mortifying state of the public credit of this eqUutry abroad. I cannot help thinking that if the 1 statesmen of a former age—if Washington, John Adams, Hamilton, and Madison could now come amang• us, they would be deeply concerned and soberly thoughtful about the present state of the public credit. In the performance of the duties of my department 1 am obliged to read communications from public a gents in foreign countries, and it is frequently deeply pain ful to me to peruse their accounts of the scorn and contumely with which American credit is spoken of abroad. Stocks of the United States which ought to eflommand 125 will not bring a dollar. Does not this Commonwealth also suffer ? Is there not a man strong enough—with a mind sufficiently large and comprehensive, to show to the American people what must be the result of abandoning the true principles of finance—what sufferings must ensue from leaving these great questions unadjusted? Some indeed are indiscreet e n ough to rely upo n re- Diritrepnuodtiaatliwonayptstybainddeibntg 5n U law and ? Until the d p e u b d t iat i i s on va . id morals ? Repudiation only adds disrepute to ac knowledged inability. It is our duty to rouse public feeling. It is to maintain and assert the beneficial influence. ours of honesty, and good faith. It is of la w , abroad ought to discriminate between said that pe o pl e and those of the United St a t es. 's the Stat e St oc k s 0 they ought. But the same people constitute the St the United States, an d if the State Govern men t s re ates individ ua ll y an d palate, how long, they before the United St a t es ', may well ask, will it be buke from the peopl e 9 will do the same w i t h out re - Her. is a stain upon Our character which we ought to kel worse than a wound, and all the p e ople of the country should address themselves soberly and seri ously to the work of eradicating it. Ido not under take to say what Congress may have power to do in the premises, but if the great public domain does in deed belong to the means pro vided to enable th e States, then there is a them to save their credit. 'rin~'aC --fit I have already detained you much too to ''rll - 4 it t c., s t - \,.,;•, \ N- 2. greatly desired to say to you, that, in nv gO .- -, ----. many of the great objects of the Whig part, , AkaA . are yet to be accomplished, may be attained without the delay which some have deemed necessary. These objects are, as I have said, the settlement of the re• maining questions with Englakd—the remodelling of the reciprocity treaties and of Vtie colonial trade—the absorbirg subject of the currency—and the other great question of the restoration of the public faith. To these great objects of national pursuit and of private effort lam ready to devote myself. Ido not, however, expect that much of public service yet re mains to he performed by me ; but, in furtherance of these objects, I expect to co-operate with the sober mon of all parties. Among such men there is an in creasing fear of the influence of party. It is already felt that patriotism itself, heated by party contests, may run into partisanship, and in the end entirely disappear. There is in the community a vastly growing senti ment that more moderate counsels should prevail, that there should be a greater predominance of pure public feeling, and a union of well-meaning men on all sides, to support such councils. In the pursuit of these obj ec t s , l am w illi ng , i n a public or private station, to perform the part assigued me, and to give to them, with hearty good-will and zealous co-operation, all that may vet remain to me of strength and of life. MONEY MARKET and CITY NEWS. FROM THE MORNING PAPERS OF THIS DAY CITY SATURDAY E VENING . TlDlES.—Connected with railway affairs s ome e x . traordinary facts have transpired relative to a n under taking called the Clarence Railway, situated in Dur ham, which would lead to unpleasant inferences, con sidering they are only allowed to transpire through an advertisement in the public prints, the press being invariably excluded from the meetings of the share holders when they take place. Accordin g to this advertisement, the Exchequer Loan Commissioners have seized upon the railway and announced it .for public sale in the course of the ensuing month, unless a proportion of the money borrowed from Govern ment, amounting with interest to about 155,0004, be repaid in the month of November. - In their emergency the Directors appeal to the public to subscribe the amount on an issue of new scrip shares or loan notes of 101. each, bearing interest at the rate of 6 per cent. per annum, giving them the preference over all other shareholders (no other divi dend to be paid before their claims are satisfied), the statement being that the present revenue of the Company shows a clear profit of 12,0001. per annum, with " an undoubted prospect of a large increase," to be made over to the subscribers as a guarantee for the payment oT the interest on the money to be raised. It is also stated, that the shareholders will, no doubt, take a considerable portion of the shares but, as by "deaths and oth er casua l t i es there vVill inevitably. be. a certain numb er un di sposed of," the public are invited to come in and participate in the profits which are hoped to be secured when the traffic of the line is well developed. The conceal ment of the real state of the Company's affairs, ex cept what can be gathered from this advertisement, which is by no means likely to impress the publie with an idea of success, is above all things sure to create a suspicion of unsoundness at the core and hence it is, by the supp ress i on o f t h e i r proceedings, they have just adopted the very plan to defeat their own object in raising the money they require. How ever unfavourable for the while their affairs may be they could hardly be afraid of misrepresentation ; and if not afraid of that, the public would at least have been in p:;sse:sion, and, enabled to judge for them selves, of the facts elicited in elucidation of the awkward position in which the Company at present stands with the Exchequer Lean Commissioners. As the case now is, there is nothing but the mere de claration of the Directors in an advertisement that they forthwith require capital to relieve the concern, for which they over a high rate of interest in per spective • but this is n o t a co u rse b y any means calculated to attract the monied interest when they find themselves destitute of facts or figures whereon. could be based reasonable hope of employing it with ultimate advantage and security. It is feared little success will attend the attempt of the Directors to come into the market as borrowers with the ambiguous statement they have put forward. The Durham and Sunderland Railway have de clared a dividend of 10s. per share, and appear to he working down the difficulties from which it has for some time suffered. The depressed condition of tnide had much affected its traffic. SUN.---The purchases on account of the East T..nam Company were, as it was stated yesterday, colifliiiied ; these, with several small investments, gave an in creased firmness to the funds. Consols left Off at 93j 93 for Money, and 93? 93i for the Account ; Bank Stock, 164 ;66 ; India Stock, 250 252 ; Exchequer Bills, 55 57 . premium. . . The prices of Foreign Securities were—Belgian 103 104 ; Dutch Two-autl-a-Half per Cents., 521.- 524 ; the Five per Cents., 100 100! f ; Danish, 83 84; and Brazilian, 63 64. The quotation for Mexican Bonds continued to dec:ine, they being last market 32i 3'2*. The Share Market showed some improvement; London and Birmingham were 182 .184; .Bir mingiun and Gloucester, 40 41; Great Western, 82' 83 : the Half-shares, 60 60k; south Western, 571 57 ; North Midland, 57 58 ; the New, shares, 28 99 ; South Eastern and Dover,. 23 ; : as t ern Counties, 84 8;1; Northern and Eastern, 354 361; Blackwell, 6 6:1; and Brighton, 36 1 1 368 per share. The quotations of the Bonds were Colombian 20} 20 1 4 1 ; Peruvian, 15 16 ; Portuguese Five per Cents. ' 361 374 ; the Three per C en t s., 214 221 ; Spanish Five per Cents., 16 16k ; th e Th ree per Cents., 20i 21. _ By comparing the returns of the average weekly assets and liabilities of the Bank of England, for the twelve weeks ending the Bth inst., with that termi nating on the 10th Sept., the following result will be perceived:— LIABILITIES. Circulation, Now Last time Increase. Deposit, N 290,0000 w Last time e.. 9,833,000 Decrease ..,.t Last time 465,000 ASSETS, Securities, Now , 22,573,000 L9°,',, time 23,159,000 Decrease . B7iilion, Now Last time 586.,D00 9,633,000 9,177,000 Increase ... ..... 456,000 Rest, Now 2,834,000 2,789,0(.4 Balance.. 45,000 THE PRISONERS AT CAUBUL. We have been favoured with the following extract of a letter from Lieut. Vincent Eyre, late Deputy- Commissary of Ordnance at Cauhul:— " Cauhul, July 28, 1842. " The receipt of your letter of the 3d of April re joiced our hearts yesterday evening, the more so as it assured us that you were out of suspe-ase regarding our lives, of which you must have well nigh despaired. I trust all my notes in captivity Lave duly reached but the you. We are in the same fort as before. Several here have been attacked with severe lover, and we well nigh lost our valued friend, Colin Mackenzie; cr G (d od ible g . rant they may sue which I fear • the but he has now recovered, and the disease is abating. g be in r e ated at ta1c,i, ,, 3? , i s a t 1 cannot be i , m l a i honour, arc going hack to India, without Negotiations are strikingll report at t o h a u a l ; going ei : en s on blow, no :b ort : o. l c our u e l e t r y s , s i release; n will ceed, though we have no wish to not be a mended by the pacific measures likely to b adopted. M y narrative is now complete, e.. D —' s possession. I long for the and in take place, when every man will h investigation to the blame be settled oq the right have due praise, ar.d weary months have now passed in shoulders. ev. en savages. We are well treated in the bands of these hearts yearn to be amongst on the - whole., but our We all here dress in th our own pefople again. beards, &c. e Affghan style, When we with long to wear large turbans travel the ladies are obliged having lost their _ ans to shelter them from the sun, bonnets and all we possessed ." CI TY OF LONDON THEATRE,. Mrs. Honey's engagement at this elegant. leis theatre has proved most attractive. She pc,rforrried last week the character of Paul, in Buckstene's comic opera, The Pet of the Petticoats, with th.e most fas emating naivete. If the real Paul at all resembled his charming representative, we are not at all surprised at his having been a pet. There is n style (3f such simplicity about Mrs. lloney's acting. in this character which is quite irresistible. Her rich contralto tones told most effectively in the ballads with which the part is interspersed, and which she gave with excellent taste. The duet, " A pious Child," which she sang with Dunn, was received with roars of laughter. It was a rich piece of humour. It was evident that Mrs. Honey was acting the character con amore, and we never saw her to greater advanta , se . She was very e ffi ciently supported by Miss I:Alen D a ly, as Mimi. The bill of fare for this week is a very promising one—Romeo and Juliet, wi4.,ti Miss Emmeline Montague as Juliet ; and Don Giovanni , with Mrs. Ho ne y as t h e Don, must draw crowded houses, or there is no taste extant. His Grace the Duke of Wellington rode into Dover on Thursday, a,ccompanied by Lord Mahon ; and after looking at the New Wharf and the excavations of the Pent mud, returned to Wahner Castle.—Darer Chronicle. ~.!`- 1 - 1