The daily exchange. [volume] (Baltimore, Md.) 1858-1861, 1859-08-29

De considered in the light of any direct charge upon
the people, as they, in most cases, pay their in
terest and sinking funds to the State, and in some
eases they yield surplus to the treasury.
New Jersey has canal and railroad bonds of some
seven millions, which form no tax upon the peo-
pie. Connecticut, Rhode Island and New Hamp-
shire, have no debts at all, neither direct or in
direct
THE PERRY MONUMENT.
A DESCRIPTION OF 1.-THE LAYING OF THE CORNER
STONE.
According to the Sandusky Register, ''the design
is naval column, as much so as the lines of naval
architecture will permit one hundred and sixty feet
high, and to be erected on the highest point of the
Island of Gibraltar, where Perry had his lookout
The extreme height of Gibraltar above water is
forty teet-making the whole height of the column
above the level of the Lake two hundred feet
where one of the greatest marine views in the world
may be seen. The greatest breadth Of base-in-
Guiding three courses-is twenty-seven feet by four
feet SIX inches high; breadth of dado, die of
pedestal, is twenty feet by eighteen feet high;
breadth of cornice over pedestal, twenty-four feet
by hive feet six inches high; diameter of shaft of
column, at base, twelve feet six inches; length of
shaft OF column ninety feet; height of capital,
twelve feet six inches height of pedestal for statue
twelve feet height of statue of Perry-crowning
the whole-eighteen feet. The three base courses
OF stone are plain as could be desired The die
of the pedestal is-as though a section of man-of
war had been taken from amidships-pierced with
ports to receive the guns used in the battle of Lake
Erie, provided they can be procured In the cor
The shaft of the column is without flutes or orna-
ment-plain as the mast of grand admiral
The capital like that of the Corinthian order, is
the principal feature of the column. The capital,
though In three parts, forms complete whole.
The first or lower section, is formed of boldly
curved marine shells, instead of Acanthus leaves.
The second, or middle section of the capital il
composed of four prows of ships boldly projecting
snrmounted with four igure-heads-the rails ter
minatlng on the bows-'hawse holes in the bows,
&c The upper, or third section of the capital,
forming the abacus, is composed of the bulwarks Of
the four prOws and 'cat-heads' sustaining the
weighed anchors. The pedestal surrounding the
capital, to receive the statue is a boldly executed
'capstan.' The statue will be eighteen feet high,
suitable to the whole height-two hundred feet
from the Lake. The panel over the door (entrance
to the spiral staircase to ascend the column will be
of white marble, eight feet long by five feet high
Sculptured in bold relief (atoreievo) is a group
OF hive figures in a boat representing Perry passing
from the Lawrence to the Niagara to complete the
battle Except the panel over the door, the whole
of the monument is intended to be erected of the
best of limestone"
THE BANK Mons IN MIssoURI.-Some Of the
Western banks have been trying the same
worthy and disgraceful dodge which was adop-
ted by wild cats in this section, T. e., paying
demands for specie by counting out dimes and half
dimes, slowly, at the rate of about 500 per day
Unless the construction put upon the redemption
laws in that section varies from that adopted else
where, that dodge is no longer legally available
were legal tender for any amount. Now, the
small coin only legal tender to the amount of
five dollars, and if any bill holder has quantity of
bank notes, he has right to demand the whole
amount at once in specie, and in making such pay
ment, the bank can only pay five dollars in small
silver coin the remainder must be in silver dollars
(Which are scarce) or gold coin.
The attempt at embarrassment is a contemplate
business for any bank to indulge in, and can only
tend to the injury of any institution which avails
of it. In some places of the West, mob violence
has been used to drive strangers away from the
banks.
The following is from the st. Louis Democrat of
| the 22d inst:
! MEETING OF THE BANK PRESIDENTIAL meeting of
the Presidents of the St. Louis Banks of Issue
| held yesterday afternoon, with reference to the
Missouri financial SYSTEM or the crisis to which the
non-redemption of notes exhibited at Chilicothe
and elsewhere is leading us. The papers have not
| been furnished with their proceedings-it being
thought possibly that the public are not concerned
in this matter, though it seems to us it is matter
in which the people vitality interested; learn
however, from different reliable sources that there
| was not altogether a full agreement amorg them;
but that, from recent experience, they gener-
ally satisfied something must be lonesome change
be made, probably, in the system of branches; and
! that an adjournment took place to Monday week,
at which time the Presidents of the country, parent
Banks, of Lexington and st. Joseph, are invited to
attend. 1t is quite certain the system of redemp-
ton, or rather non-redempton, recently practiced,
and the mob-law, executed, wrong-are dis
| graceful 10 the State-c0uld be worse,
Kansas, Nebraska, Texas, or other border country,
| where wild cats are expected to flourish. That
cnange must take place, all must concede who have
witnessed or experienced the evils of the system.
| Our city bankers and brokers have heretofore
been in the habit of sending small packages of Mis-
souri, branch paper to their correspondents, (coun
| try bankers located doing business where the
branches are located, to have them present it for
| redemption. Ill feeling has been produced and the
] business made too hot and uncomfortable for the
correspondents to transact the business. The mat
ter is thus made worse, for now, agents, with much
| larger packages, have to be sent
| BALTIMORE AND PoroMAc RAmRoAD.-The direc-
tors of this road held meeting at Port Tobacco on
the 18th instant-present Messrs. Sellmau, [Presi-
Plowden, Mitchell, and Jenkins. letter from the
| General Agent saws: ..-.
"Mr. Mason, the assistant of Major Trimble, (the
engineer of the road, now absent in Cuba, } made
statement of his proceedings in locating the road
re solution passed, authorizing the prosecu-
ton of the location to Smiths Point opposite
Aqua Creek This location of the Southern ter
minus meets with the entire appreciation of the
| friends of the road particularly in Virginia; and
the circumstance of its being now fixed WILL it is
thought secure very efficient aid from that quar-
ter. There was quite large meeting of the
friends OF the enterprise in Port Tobacco, after
| the meeting of the directors, at which General
| Mitchell presided and Messrs. Selman and Bowie
| delivered addresses, in which they detailed the
proceedings of the directors and the progress and
| prospects OF the ROAD. Inelr remarks are sad to
| have been characterized by the usual ability of
the speakers and were highly satisfactory to the
meeting"
DEATH OF Mr.. TATrERsALL.-Itis our duty this
week to record the death of Mr.. Tattersall, for
many years at the head of the wellknown establish
ment at Hyde-park-corner. He died at Dover on
the I'D inst, in the sixty seventh year of his age
His high character for integrity had caused him to
be held in deserved esteem by every grade of per-
sons with whom his calling brou ght him into con-
| TACT Mr.. Tatersall was for many years a large
breeder of blood stock on his farm at Willesden,
and has both owned and exported some of the best
stud horses in the world. He purchased Priam
| and Glencoe for the American market now caus-
ing so much sensation in the racing circles of this
country and has, in the of his long practice
and experience, sent an enormous number of most
valuable horses to every State in Europe. His
Derby dinner, on the Wednesday after that race,
| is yet fresh in the memory of many gentleman of
! the old school. His wit and facet@ on these
siong, coupled with that of his friend, the late
Charles Matthews, constant guest, have often
| ''set the table in roar" He had lately suffered
from lingering, but not painful, maIady, and
died, we are happy to state, without any acute
| sufering.-London Field
A DEEP ARrEsIAN WELL.-The Cincinnati Gazette
| states that the State House well, at Columbus is
now 2,062 feet deep, and the water rises to within
| ~ feet of the surface, which gives column of
water 2,035 feet high. The pressure, therefore, at
| the bottom of the well will DE the weight of this
| column of water, which is 900 lbs. per square
inch, or 1T 900 lbs per square foot this is equal
to a pressure of about SO atmospheres. Some idea
may be formed of the extent of this pressure, when
it is stated that locomotive boilers generally carry
pressure of steam amounting to less than eight
atmospheres. Another fact worthy of note is, that
! the ''sinker," piece of iron 80 feet long by 24
inches in diameter, and weighing over 400 pounds,
which is attached to the lower end of the poles,
from the constant agitation to which it is subject
| ed, has become powerful magnet.
TAMPERING WITH ELECTION RETUR Ns.-Some of
the Kentucky papers state that, by altering re-
turns, and taking the responsibility of rejecting
votes assumed to be illegal, latter they had been
fourth district of Kentucky have managed to give
the certificate of election to Mr.. Christman. The
official returns elected Mr.. Anderson, the Opposi
ton candidate, by three majority. The next House
of Representatives will NO doubt do justice in the
premises.-National Int.