The Rhode-Island Republican. [volume] (Newport, R.I.) 1809-1841, 1838-01-10
THE EXCHANGES.


]. Tho Federalisis have stood upon two
grand positions: first, that nolhsg but a
United States Bank could effect resump-
ton OF specie payments secondly, that
notllug but the same bank could regulate
the exchanges. These are the positions on
which the whole Federal party have stood
since May last; and what are the facts
Why, that foreign exchange is THREE
per cent. in favor of the United States aud
that domestic exchange is nearly at par !
Thus every thing desirable in exchange is
already effected, without the aid of a Ma
iional Bank; and that specie payments
will be resumed in few months in despite
of all that can he done by the British Bank
of the United States to prevent it. Sup
pose Congress and the country had given
way At the extra session. and rechariered
MIR. Biddle's Bauk, aud the same results as
to exchange and speedy prospect of re-
suming specie payments had taken place,
what glory would have been sung to the
bank what triumph at seeing THREE
per cent. Ia favor Of the United States on
loreign exchange what exultation at the
state of the domestic exchanges what VIC
torIous shouting at seeing the New York
aud other banks ready tn resume and all
attributed to Mr.. Biddle's Bank but now
that all these things have taken place, not
only without the aid Of "A National Bank,
but IN defiance of the opposition of the
Bank Of The United S,nfe, not word is
said about it in the Federal presses. Not n
word IN them about exchanges now all
silent oil hushed-n dumb-fonnded at
hndlng il proved by experience that we
can prosper, not only without a King bank.
but in defiance Of one - Eio6c.
New Orleans, Dec. 24-The New Or
leans papers yet discredit the report of the
advance Of the Mexicans upon Texas.
The Courier gives their reasons against il
1st. Because the season and the nature
of the country, well known to all the Mex
ican leaders, and especially commented
upon by FilisoIs, utterly controyert, t. con-
tradict the suggestion.
I'd. Because, were the season and the
nature Of the country to he invaded, favora-
bic to the attempt, the Mexcans are at this
time uncapncitaied.
3d. Because the numbers are inadequate
and the frontier, constaiily the seat Of war
or foray, is unprovided for the support of
either friend or foe such being considered
the policy of Texas, as well as being Incl
dent TO the frontier.
The Cumanches are thnt solitary tribe
of Indians which frem the days of Cortes
and PIzarro have maintained their inde-
pendence against the power of Spain, aud
the Spanish province now constituting th.
MEXICAN states.
More numerous, more independent and
more warlIke than any other tribe on the
American continent, they have been for n
century past The terror of the frontier pro-
vinces Of Mexico.
Their frequent descent upon San Antonio
and the towns of chihuahua have been pc
riodIcal. and their feats reminding Us most
strongly OF Arab cunri ing, dexieriiy and
force nre remembered by the old inhabitants.
So late ns May last, the Presiden, Of
Texas visited aud remained nine weeks
with the army, the command Of which he
assumed during the time.
The citizens Of Texas are abundantIy
with their specific tenures there
is, therefore, at this time, n standing army
of citizens Of MT less than $4,000.
LIVERPOOL, Dec. 2, 1887. MELAScnoLY
SHrPwREcK-I2 LIVES LosT. On Monday.
the Ranger. Iu2ger. belonging to Rnmseate,
arrived there from n cruise, having on board
The mate and four seameu from the Ameri-
can ship Colosseum, Capt Winsor, If Bcs-
ION. who gave the following particulars re-
speciing that ship: The mate st1tes that
the Colosseum, . ship Of 800 tons, Ieft 81.
Petersburg, on voyage to ST. Ubes, and
that on Sunday last. 26tb inst, about two
o'clock in the afternoon. they went on shore
on the Kenrish Knock. They Immediately
boi.ied their colors and fred signal guns
for assistance, and the same was observed
by The schooner Robert, Capt. Hunter. II {