Cheraw gazette. [volume] (Cheraw, S.C.) 1835-1838, 1837-07-26

Burdcn'S .aslc s.. an BOGt-This newly
! Invented modci was launched at Trey Oh the
Eth instant. The Troy Budget says that
she IS 2oO feet long, ertectly 1iat on the bot
| ION, and exceedingly narrow. Her cabins
ere al above water. She drew thirteen INCH
Is, wnicn Oy her enylnts, viii probably be
increased to two ana d haf feet. NJ. DuT-
ucn ln,eAds 10 ruM her 10 New \ ork Ii sac
hOAfS.
The New York Daily Express OF the 24th
says" Within few days past, number OF
| merchants from the South and West, have
arrived here TO purchase dry goods, and some
| large Dis have been made. The conditions
OF which have been, that the bills shall be
made payable III tins city, and at maturity,
the purchaser to loose all the difference III eA-
change by placing FUNDS here. At this time
the loss Is very great. AicSt OF tie remit
tances from the South and West are IL Un!-
ted States Bank notes, which are ten and
twelve per cent. premium there, and one per
cent. less here.
We are happy to learn through gentle
| man who has lust returned from the Roanoke
that the bridge over that river is expected to
be comp etGd IN three weeks from illS time.
PotSmou h (Ea) Times.
Two immense Russian merchant ships, the
bnrihen OF each being nearly one thousand
tons, entered The HARBOUR OF Baltimore Oh
| Tuesday from Bremen. They have Oh board
about forty thousand bushes of wheat, and
from twelve to fifteen thousand bushels OF rye,
besides Seren hundred and forty passengers.
IJd.
d.. MCoRD, Esq has been elected Presi-
dent OF the Brach Ut the BanA OF the state,
at Columbia.
The Steamer CrusGder from Cincinnati,
lately burst her boiler above New Orleans,
AiliMg one man, ard sca!dsng eleven.
RESUMPTION OF SPECIE PAYMENTS IN
New ORLEAIs.-The following is from the
New Orleans Commercial Bulletin Office OF
July 18th:
The Board of Directors Of the Louisiana
State Bank, have resolved IN their meeting o.
the l5.h instant to pay specie the following
notes:
s. 90 $40 90
20 UU 30 GO
and Oh the notes of 800, $50 in specie
do do 800, 100 do
DO do 1000, 200 do
By the above it will be seen that one fthe
suspended banks is about to resume specie
payments forthwith, and we congratulate the
directors on the bold step they have taken,
as it will r:hcr tend 10 reduce the waning
premi m o. the metalc currency. Although
this is the first regular announcement OF re-
sumption, it is not by any means the onl y IN
stance of Bank paying gold and silver since
the stoppage, as several VI our monlcd Instl-
tu:.ons have been partially doing so within
the last few days. Oar traders may now eN-
pect within short time, to see the metallic
medium at lis proper value, for independent OF
the decline vice ii has experienced amongst
ourselves, owing as Well to the supply contIn-
uaiy flowing in ftom abroah, as 10 the tacIll-
ties in The way OF snail buying and selling,
likely to accrue from the m.inicipial issues, and
the want of which indeed tended materially
10 enhance the value of coinage.
Churss!ona!M Hamburg Kali Roal-Cta.
cilna'i and Charleston Rail Road-We ex.
tract the following paragraph from the semi
annual report OF the S. c. Canal and RAJ!
Road Company, which explains itself: