Southern Argus. [volume] (Columbus, Miss.) 1834-1842, 1841-02-10

usetts: and Hon. WIN. hEAfh'
m Virginia. AL Wings ou
PRErmprIoN LAw.-The Editor OF the ne
,blean Banner writes, under date of"Wash-
atom CITY Jan 10th 1s41" that this measure
in, in all probability, became law dureng
,e present Session Of Congress.
One oftbe provisions of the bill is as follows
every person being the head oil a lam
", or a widow, or single man over
he age of eighteen years, who snali
make settlement on any OF the public
ands TO which the Indian title has been
,r shall be exlinguisged, whether the
same be surveyed or not, or who may
have settled on such lamb since the
first day Of June, eighteen hundred and
forty. and who shall inhabit and I'M
prove the same, and raise a log cabin
or other dwelling thereon shall be en-
titled to pre-emption in the purchase
Of quantity of the public land, not
exceeding one quarter section, IN legal
subdivisions, to be paid for at the min
imum price Of such land at tee time Of
such land at the time ofpaying Tor the
same: Provided, that no person shall
have the benefit Of this pre-emptIon
right more than once; and provided FUR
ther, and that no person being the
owner ofland in any State or Territory
who shall quit or abandon his residence
on his own land, to reside on public
land in the same State or Territory,
shall acquire any right OF preemptlon
under this act"
Specie PAYMENTs.-We are grained &c
learn, through the Baltimore Patriot, that or
tha ODD Jan. meeting of the Presidents OF the
Banks in that city was held and was deter
mined to resume payment on the 1st Feb. II
The event that the Banks in Richmond do tht
, same. The Patriotic expresses confident be
lief that the Richmond Banks will concur
On the 25th Jan. a convention OF Banks wa
held in LouisviR XIV. Communications we're re
Tennessee, declining to be represented IN tn
convention. A committee was appointed VIII
. reported, SIT as their opinions, that the Bani
! of Ohio, Indiana, and Kentucky ought not
. this time to resume specie payments withot
q further concert with other Banks in the Yves
and some of the principal Banks in New o
fIar
S opinions, that if the Banks of the south al
e the west, can be brought to act IN proper CO
o cert, they can av all lhemselvs Of the last yea
crop SO as to resume payments at an early da
$, A committee was appointed, whose business
g is to correspond with The Banks IN the Mort
e and West, in order to bring about united actlC
LU
e CoNs1sTENcY.-The Van Buren, party a
L continually quarrelling about foreign infuen
- in this country, yet the same men are dol
all they can to grant the right Of presumption
these same foreigners, without ever re OUR
h. them to declare that they intend to settle p
"a manently in the country.
10 MONEY NArrERs.-The New York c
nc respondent of the Madsonian, has the folio
is' ing about money matters in that City.
an writes under the date of 18th Jan.
~ In regard to money matters, y
10 might we'll mistake at a distance
~ aspect of our stock market. Bla
stocks, &c., are low and have been
,.;r pidly falling, but not by reason o
nd scarcity of money. No general pr
NO. sure exists; but there is wide-sprt
rtv. and increasing impression that
nos bank stocks, loan companies, &C., r
are resent vast amount of uncollecta
lar- and worthless discounted paper,
,on- are therefore worth far less than II
lich nominal amount. The crippled cor
r. ton of the Pennsylvania mammoth
vio- stronglyatended to this general del
du- citation of stocks. My impression
lany that the preva.entfeeling in Wall st
out now is hostility to that institution,
a determination to brain it of specie
hum wind it up, ii possible, at the ear
moment. l believe it will be draw
for S2,OOO,OO0 Of specie from
= i vuarter within week; bur fit has
this tanned the aid in England its fri'
Indies speak of, it can easily withstand al
ween tacks, and even retaliate them by
said ing bills on LONDON in our market,
Iaster drawing for specie. | know not
specially Of the value of its stock
lir in | think it has been pulled down
public past week by concerted effort OF
llcula- part of those who mean TO destro
origi- CT closed at 4S 1-2 at the Board
isville morning, an advance of | per c
that We learn from the Mqdisopian of23rC
long the attempt spoken of has since
e con- made by the N. Y. brokers but was
have failure. The Banks in Pennsylvania h
Of wri- resumed. On the 18th meeting of the
y init idents of the Richmond Banks was had,
resolution passed declaring, that the Bal
he did tbatc,;tv would resume PAYMENTS at the
heard time as the Banks in Baltimore; and reqr
the Bunks in Baltimore to name an cal
I'm and for the resumption. The Richmond VIII
expeli If Baltimore is not prompt to name {
me ad- hope and believe, that Richmond will
lot the without them. All of the banks in VIII
L pub ton Delaware resumed on the 18th.
know same correspondent writes, under bate