The Hawk-eye and Iowa patriot. (Burlington, Iowa) 1839-1843, 1841-02-25

Mir Clay in his speech on the pre emf,
ton bill, last week, took a new Wow E
the principle Of distribution as ,r;sin.
out of the conditions under which ~
General Government holds the nulE
Lands. We find it stated in the cora WA"
pondence of the New York American :.
this effect:
That since the adoption Of the Fedora
Constitution, the grant of the public d..
main made to the Confederation canuo,
possibly be held on the terms of the gran,
and therefore has been held and used n
violation Of the instrument, of ces,io,
This results from the difference betwer
the league of States under the Confeder.
ton and the Union under the Consl,r.
ton. The principle Of raising revenus
for the use of the General Governments
entirely changed.
Of the Bank Of the Unit,
states.
We are panied 10 find in the Phil,
delphia papers of the 9Th Tie follovi1r
official announcem ent of another susp,p
sion by the bank Of the United States:
Bank Of the United states.
February All ls4l.
AT special meeting of the board Of
directors Of the Bank Of the U. S,al.,
held at the banking house, the following
preamble and resolutions were unanl
ously adopsed:
Whereas, the bank of,he United Slals,
in compliance 18th lis pledge to The pub.
lie, has made fair and bena.fde effort
to resume and maintain specie payments
having, since the 18th Of January last
paid out an amount, if at all short Of six
millions of dollars in coin or specie funds
and whereas the effort to maintain specie
payment by this bank has been rendered
abortive by the intentional accumulation
and extraordinary enforcement! of its La,
bHi,ies-therefore,
Z Resolved. That this bank is under ,hs
necessity, for the present, of suspendis
specie payments.
Resolved. That every exertion will b
made by the directors 10 collect the debts,
and convert into cash the assets Of tho
bank, for the purpose of resuming pay.
ments i'll specie at the earliest practicable
moment.
Resolved, That the foregoing preau.
bic and resolution be published.
The North American philadelphia
is incredulous as it regards the news
from China. The following from that
paper contains the reasons of its unbe
lief: @ srsy
The CHINA NEws.-On the whds
we have not much confidence in this
news. One half of it is rediculous!v
improbable, and the other half is coulra'
dlctory. 1t consists in floating runoH,
thrown into transient letters, without any
evidence direct or indirect of their truth
If they agreed in their absurdities Ii
would be something, but they do mo-
even do that.
One letter states that while Admlra
Elliot was going up the Pecho river h
was met by Mandarin who propose
the mos, satisfactory terms of paclha'
ton, even offering the Emperor's ap0r
gy for the indigni.y offered Admiral Eli
OF. Another letter states that Admin
Elliot went himself to Pekin and had AZ
interview with the Emperor, who receV'
ed him with every mark Of distinction
and agreed to a treaty which would re
quire the Emperor 10 pay 100000
the English Of course evacuating Chusan
And another letter states that the Emp
ror came in person to the Pecho to So
the admiral, and that the difficulties wer'
all then adjusted, and Lin was TO b
given up to the English to be huns.
Another letter states that the Engish
fleet had forced the Bocca Tigris, CAP
tured the forts, and proceeded to Cantor
ready to lombard it. Another lets,
states that the fleet was at Chusan am
the men dying with the dysentery. ba
! the most remarkable letter in the who's
budget comes from Cabul in Ceni'
4 Asia, which states that Dost .Mshons'
| had been defeated after so severe an Gu
gagement, that out Of the End regimen
!. of English cavalry only one Iieusen'n
! survived, all the rest of the regimen
were killed. A regiment Of cavalry 700
This, last letter we take to be PREV
good specimen Of the truth or probaolls
f which belongs to the whole. !,
4 We should not be surprised if It silopn
f turn out that Admiral Elliot has mol Ha
f able to get even communication 70 y
Emperor. 1t is possible he may o., y,
, effected this; and that the Emperor y
! transferred the scene Of the negoclalu.v,I
! from Pckin to Canton; measure WI.
the last letter of all says would DC ~
: TO the English. There is but one lae' !,
the history Of the news calculated \
> strengthen its probability, and that y ', Y
) effect it had On the tea market OF Loi'O.'
and this canabe accounted for wltnou., !,
3 sober conviction ofits truth. 80 'na's :.
Taught we can see, we are, pretty 'nI u
: where we were before the America y !
gorged its mail bag. And we lhlnA :. !
English are pretty mnck where t =. cs y
/, lbe, for some time 70 come, and thas -