Southern Argus. [volume] (Columbus, Miss.) 1834-1842, 1838-05-01

$50 ,vo,,ld he efFectually cut on. II tlis
-. - 49,. A. not intend TO pay their de-
,oliAs A.s 49, - rsouired, we hazard nothing
1 49,, @ hat 4 portion Of the members
tiII withdraw.
! ~ From the Neso York Star.
I. ASTOUNDING FACT.
We learn that it was disclosed at the
2. ~ convention that there were at least
d -ee millions Of dollars on deposlte IN the
u hks of this city belonging to ooctns 51
II INKS, If this be so, how IS It possible ss
d eur banks, with not more than uaree
y Mons aud a half of specie, to resume
: seie payments u,a
!. THuRspAY, April II, II NJ. /
!, een consultation and comparisons OF
1 opfon were held last night among me
priciual financiers of the Bank conyen-
} tbl. The most Of whom are now soIourn-
i l.iry at the Aston House. In the session
of ,es,erday morning, no accurate dcYel.
openents took place. 1t appears now
tbatverv serious difficulties will be pre-
sentsd 10 the combined action OF the con
vention. Among the New Englano ue ~
Gets fhaH8 il gtF0ng Mr. oPBPSasal6eo1 famous az
letter.
II is now generally believed that the inn
lpulse under which the New York banks
act, comes from a certain clique of stock
spectators in Wall street, and that such a
policy is enforced by a certain portion of
the press, as a pure speculation in stocks.
The Eastern Delegates are also very deci-
ded in the belief that the New York banks
only make feint of resuming-that they
cannot do so with any advantage TO the
Public-and that if they make the an
nouncement in May, the fact will moi al
ter their position for year afterwards. 1t
is also stated very confidently that the Bos-
ton and other Eastern banks, by recent
curtailments, have brought New York in
debt to them-that there are 100000
OF funds belonging to the East now in our
banks-and that if the New York banks
resume, all these funds here will be with.
drawn nspecie in single day. 1t is fur
Their said that Philadelphia is ready to
Pounce upon our banks for 100000 of
specie the day after they resume.
These views and sentiments and facts
come from the non-resumption party, the !
head of which is Mr.. Biddle.
On the contrary, the resumption party,
composed principally Of New York, Viz
ginia, and portion ofthe Northwestern
States, are very DESTROYS for the appoint.
nent Of delegation to proceed to Wash
ngton and procure the aid Of the General
Government in the effort at resumption.
The other party oppose this awfully, and
charge the whole policy of the New York
ranks upon the efforts of a clique of spe.
ulators, who have been making opera.
ions on London Change, in opposition TO
ir. Jaudon. From appearances last
light and this morning, it is probable that
he non-resumption party viii out vote the
theirs, and that the convention may final.
Y end in utter abortion. The indignation
f the great body Of these fnancers is in.
,reasing daily against the Wall street
;hque Of spectators, at the attempt made
% use them merely in stockjohbing ope.
ration on London Change.
The letter from Albany, recently pub
lished in the New York American, asser-
ting that Governor Marcy would recon-.
mend to the Legislature'of New York the
measure Of loaning ten millions of State
Stocks to the banks, to aid them in main
tanning their promised resumption ofspecie
paymenls,-proYes to have been not strict.
y correct. The Albany Argus Of Tues.
day has an article on the subject, which
seems to imply that the Governor will not
take the lead in proposing such a measure;
although it is animated that he will not op.
pose it, if brought forward by the Wing
party.--Bah. american.
On Tuesday, in the Lower House, Mr..
Birdseye offered the following resolutions:
Whereas the banks ofthe State of New
York, as the fiscal agents of the United
States, have heretofore, received in deposit
large amounts Of the Federal revenues, all
which they have paid over on demand,
without loss or dedication
And whereas those institutions are now
preparing to resume specie payments at
an early day, and have evinced a common
dable desire to place the currency of this
State in a sound condition.
And whereas it is Just and proper, that
these banks should be adequately sustained
in these their praiseworthy efforts, by the
confidence Of the State and General Gov
ernments-
/. Therefore ResozUed, that all the rev.
enues Of this State be continued, as here.
tofore, to be collected in the notes of the
solvent, specie-p paying banks of this State,
and deposited with those banks for safe
keeping.
ResOtUed, That our Senators and Rep.
resentatives in Congress, be requested to
urge the immediate passage Of law, OF
the adoption of a resolution directing all
the officers of the General Government
within this State to receive the notes Of
1.-THE specie-paying banks thereof, in nav.
nent Of all debts due and to become due
to the United States, and to disburse the
same IN payments to be,made by the fed.
eral Government within this State.
Two newborn infants nearly. dead
4 were found few days ago ina stable II
the vicinity Of the Hermitage. Gen
/ Jackson svrora that the fnoar, ~ R;lrllr