The Sun.
London, England, 1834-01-22 00:00:00

LONDON, WEDNESDAY EVENING, JANUARY 22, 1834.

COURT CIRCULAR.

His Majesty, it is expected, will hold a Council on Fri-
day at the Palace at Brighton.
Lord John Russell entet tabled the Cabinet Minis'ers at
dinner last evening at his residence at Whitehall. There
were present the Lord Chancellor, the Marquis of Lans-
downe, End Grey, the Duke of Richmond, the Earl of
Carlisle, Viscount Melbourne, Viscount Palmerston, Mr.
Secretary Stanley, Viscount Althorp, the Right Hon C.
Gran', and Sir James Graham.
Lord Holland was expected to join his colleagues in the
course of the evening.
Mr. Colquhoun, the agent for St. Vincent, transacted
business yesterday at the Colonial Office.

AMERICAN PAPERS.

(Frcim New YOTk Papers to the Ist instant.)

" WASHINGTON, DEC. 23.—Nullifieation heads the
van of the Bank array against the President in the House
of Representatives. This is very appropriate. Union
and Liberty are inseparable. It is fitting that the enemies
of each should 'act in concert. Nullification is the enemy
of Union, .and the Bank is the enemy of Liberty. It is
fitting, therefore, that .Nullification and the Bank should
ally themselves together in an attack upon Andrew
Jackson, the, preserver of the Union, and the friend of
Liberty.
" Mr. IlltDuffie on Thursday compared the President
to every tyrant whose name is on reeord, and pronounced
him the *rat. I could not help imagining that the
orator thought of the knot under the left ear, from which
it is supposed some gentleman most happily escaped last
year, by a timely surrender of, all their principles under
the name ot a compromise.
" Mr. Mtpuffie's speech; however, has bad an excellent
effect. The4eal Union ,men conclude, that if the cause of
the Bank wire an honest cause, it would have found some
other advocate to bring on the discussion, while the true
Jackson men are excited to redoubled exertion by the
wanton and 44racreous abuse of our fearless Chief Magi.
strate.' Mst4ffie suffiltif the House to come M a-vete
on his proposition, it will he rejected by a majority of 40.
But the impression is, that after discussion he will with-
draw it, and not suffer the real weakness of the Bank in
the House to be exhibited so soon. The object is delay,
and no investigation. The cause of the Bank is desperate
now, and in the chapter of chances something may turn
up to favour it. Attempts are making to force the State
banks in Philadelphia to petition for a restoration of the
deposits, and the same game will probably be attempted in
ether quarters. Other machinery will be put in operation
to alarm and influence the Members, and Watmough, of
Philadelphia, confidently asserts that they will have a ma•
jority of the House in three months. In this, however,
they will be sadly disappointed.

" DEC. 29.—These Bank advocates are curious men.
They pretended at first to be over anxious to settle the
deposit question as soon as possible, so tender was their
regard for the mercantile interests of the community. But
they take care by every possible manoeuvre to delay it as
long as possible. They oppose the reference of the subject
to the appropriate committee in the usual forms and
usages of legislation. They thrust in new and extraordi-
nary propositions and make long speeches upon them.
Knowing that the subject must go to the proper committee
in the end, they keep it from the committee as long as
possible. They are ever ready to adjourn from day to
day, and from week to week.
" The tricks of these veteran managers are contemptible.
Mr. M‘Duffie finished his speech on Monday, and Mr.
Polk obtained the floor. Tuesday was whiled away in
business of no consequence; but a resolution was thrust
in and passed for the adjournment of both Houses over to
next Monday. The Senate, at the instance of Mr. Clay,
refused its concurrence. Mr. Everett in the House then
moved an adjournment until Friday, which was carried.
The Senate met on Thursday, Mr. Clay made half of his
speech and that body then adjourned until Monday. The
House met on Friday; but as that day is devoted to re-
solutions and private claims, Mr. Polk had no opportunity
to answer Mr. 11PDuffie, and that body adjourned over to
Monday. By this manoeuvring, Mr. M‘Duffie's speech
circulates at least a week without being answered, a part
of Mr. Clay's several days, and that delay is secured for
which all the Bank advocates are labouring, with profes-
sions of the contrary on their tongues.
" The truth is, we have many new members in the
Republican ranks who do not understand these manoeuvres.
Had they done so, the previous question would long since
have been sustained in the house, and an end put to these
premature and useless discussions. When the subject has
been examined by a committee, and all the facts ascer-
tained and reported, all possible latitude in discussion
ought to be allowed ; but the present debate, which can
lead to no practical result, and will undoubtedly be re•
peated upon the report of the committee, cannot be
ended too soon.

" The object of the Bank in desiring delay is to avail
itself of the chapter of accidents, its present condition
being wholly desperate. It may effect something by its
power—intrigue, influence, perchance even bribery, may
effect something. Every engine is undoubtedly attwork.
A few members will become traitors to their constituents ;
but it is hardly possible that the majority of the House
can be reversed.

" The Mammoth Bank in Philadelphia cannot force all
the State Banks to degrade thernqelves by petitioning for
a restoration of the deposits. Even the Philadelphia
Bank refused by the casting vote of its President. If the
Mammoth cannot, with all its powers and all its terrors,
extort petitions in Philadelphia, where can it ? Its
power is fast departing. The importation of a few mil-
lions of dollars in specie, even now arriving, will deprive
it of its remaining power to do mischief.
" STATE OF TFIE MONEY MARKET. —The panic
which existed on Saturday, and which was caused by cer-
tain failures, appeared to subside considerably yesterday.
The market was decidedly relieved, although sales were
in a measure suspended. No new failures took place, and
appearances were brighter. There appears to be an evi-
dent disposition on the part of the public to make some
expression as to the removal of the public deposits, and
the re-chartering of the United States Bank; whether
this expression will be by a public meeting or by
petition is not yet determined upon. The citizens of
Richmond and Philadelphia have already moved in the
matter.

"As yesterday was the last day in the year, and
brought two days' payments into one, there was evidently
a relief in the money market. No failures occurred, and
the offerings at three of the Banks were much lighter than
for several days past. It cannot be disguised that a great
pressure still exists ; still it is a matter of congratulation
that the year closed with no new embarraasments—a fa-
vourable omen, we trust, for the coming year.
" The times are, after all, not so bad as might be sup.
posed, from the outcry that has been made. Here is the
report from Philadelphia
" ' Confidence appears to be somewhat restored in
money matters. Our merchants have passed almost un-
scathed ; and in Market-street and elsewhere businees
seems to be as brisk as could be expected at this season.'
—Philadelphia Sentinel.
" And here is our own, by the Journal of Commerce
of Saturday :
" FAILURES IN NEW YORK.—As there seems to be
some interest abroad to know how we get along in the
commercial emporium, we will state our misfortunes just
as they are. The whole number of failures of sufficient
consequence to be mentioned on 'Change, which have oc-
curred within the last 60 days, is 4. The aggregate de-
ficit of the whole will not exceed 100,000 dollars, and
half that is borne voluntarily by a family connexion of
one of the houses ; 50,000 dollars will cover the whole
loss of the commercial community at large. We know that
this is a miserable account to give of a great city—but
we cannot help it.,
" To this must be added another large one that oc-
curred on Saturday, of a house that dealt in stocks. That
was said to be the hardest day that has been known for
years. Another week is to be gone through, and then
there can be no doubt relief will come.

,6 By the brig Elizabeth, from Carthagena, the editors
of the New York Daily Advertiser have received letters
from Bogota to the 27th of November, and from Popayan
to October 29.

"BOGOTA, 25.—Our news from the Equator is
that Flores was declared dictator by his army about the
middle of September, which the Congress was forced to
ratify; 36 Members of Congress were banished. After-
wards a revolution commenced near Guayaquil, and Flores
marched in that direction. While absent from Quito, an
English officer (Colonel Hell, who was in the United
States, and wrote an account of his travels) and some
others, bribed a sergeant to deliver up the garrison. The
sergeant betrayed them, when Hall and seven of the others,
who were of the best families in the place, were killed.
Another British officer (General Wright) went to an ad-
joining province of Peru and raised 500 men, but was
ordered off by Gamarra, by which they were defeated in
their plans, It is also reported that Rocaforte, the oppo-
sing candidate for President, was shot near Guayaquil, on
his way into banishment. All is confusion in the Equator.
We have peace and quietness here. President Santander
is moving on according to the laws and constitution, and
would soon do much for the country if properly sustained.
Our trade here is cut off by their tariff, but we hope for a
change next spring, when the Congress meets.
" Negotiations were going on with Venezuela, with