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notes, and perhaps does so still, but they may be said to be out of circulation; the current money being of the mother bank or its other branches. 412,523 dollars, (four fifths of the amount loaned at Boston!) is discounted at Chillicothe, which we have not taken into the amount, as they have a paper currency there said to be equal to specie. We think that the loss on the western loans is quite moderately calculated, and believe that the bank will be very lucky if it gets off with the amount supposed, for its concerns in that quarter have been wretchedly managed. See the next note.

New Bank of Tennessee.

The following article, which we copy from the
Knoxville Register may assist us to anticipate
what will be the operation of the new Bank of
Tennessee.

the new Bank of the State of Tennessee was held
On Saturday last a meeting of the directors of
at the banking house, for the purpose of electing
a president to fill the vacancy occasioned by the
death of col. Francis A. Ramsey, when William E.
out opposition,
Anderson, esq. attorney at law, was elected with-

institution including the agencies in East Tennes-
A portion of the money, 100,000 dollars, for this
see, is received. The branch at this place will
commence discounting on Saturday next as will be
seen from the following.

(4.) It appears that in the great commercial cities of Boston, New-York and Philadelphia, the bank has been able to obtain discounts only to the amount of 3,541,820 dollars, in the whole, on personal security-half a million less than at Lexington, Louiswille, and Cincinnati' This is a fact deserving most serious attention. It shews that at the places where loans from banks should be most wanted, where the principal and interest can be most certainly paid, be ready to discount the notes of borrowers on through the facilities afforded by commerce, that Saturday the 29th instant, to the Citizens of Knox the people do not want to borrow money, or that county. Applicants will, on Friday before two they prefer their own local institutions, being more o'clock, file their notes with security, with the interested in them. Indeed, large sums of money cashier, executed in the following form, to wit. are loane in each of those places, at rates below $500

"The Branch Bank of the State of Tennessee will

theday of

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(SEAL.) (SEAL.) (SEAL.)

"All who sign a note presented for discount will also execute and file therewith a power of attorney in the following form, to wit:

Whereas

the legal interest. The commerce of the country Eighty eight days after date we promise to does not require any more capital-it has already pay to the Bank of the State of Tennessee, or order, more than it will use-and agriculture cannot pay for value received. Witness our hands and seals Ave hundred dollars at the Branch at Knoxville the interest in times like these. Taking, then, a view of the amount discounted at other offices, 5 per eent. loss upon them is less than will be realized, we venture to say. We could give reasons why a larger amount may be expected to accrue, (for we know something of the secrets of the banking house), but they might appear invidious. It is com merce, ONLY, that can keep such a machine as the bank of the United States in prosperous operation, for it belongs to commercial transactions--there is but little of Tennessee, have this day borrowed of "the Bank -all of the county of and state foreign commerce; and the home trade is sacrificed. of the State of Tennessee," the sum of(5.) This is supposition, but we believe the loss and to secure the payment thereof have executed -dollars; (6.) The last quarter's salaries, &c. being paya-the-day of 182 wherein and whereby we our bill single, under our hands and seals dated ble in it. The aggregate annual expense of the bank is about 300,000 dollars, as we are informed. (7.) Deficiencies 310,445--this includes the amount (100,000) taken as a tax by the state of Ohio; as this may be restored we deduct it, and add Know know all men by these presents, that in conthe late deficiency at Middletown, Conn. not men- sideration of the said sum of dollars, loaned tioned in the statement. the deficiencies are for and advanced to us as aforesaid, by the said bank, monies fraudulently taken out of the vaults, by offi.we do hereby constitute and appoint, authorise cers or agents of the bank.

is total.

(8.) We do not wish to enter into a history of this case: It is easily suggested by a reference to the statement. We will not "bend the bruised reed." A deduction has been made of the proba. ble amount that will be received; and a large part of the great balance put down as lost, would have be been saved, perhaps, had the bank acted less precipitately-less unfairly, we might say, to those so enormously indebted. We make this remark without meaning to justify the creation of such a debt. But the proverb, "the more haste the less speed"-may be applicable to the transaction.

(9.) The bonus and permanent expense and real estate, are charged in annual proportions for the period of the charter. We have allowed ONLY one third loss on the palaces built by the bank, and might have put down two thirds, without being charged with a desire to exaggerate. This will appear manifest to every one who has seen the buildings erected. They are monuments of proðigality and waste, as to matters of interest-though ornamental to the cities in which they are located. I

have promised,

Bank of the State of Tennessee," or order, the sum -after date, to pay to "the of -dollars.

and empower W. E. Anderson, of the county of Knox, or his executors or administrators our true and lawful attorney in fact, for us and in our name, and on our behalf, to appear in any court of pleas and quarter sessions, or circuit court to be holden in the county of Knox aforesaid after the said bill single shall fall due, and if the same shall be nopaid, and in and before said court, and in our nane to confess a judgment in favor of said bank, for the said sum of dollars, together with legal interest and damages, upon said debt accruing; and to do and perform in our name any thing or things, act or acts, necessary to make the same valid and effectual, and that these presents shall be to you the said W. E. Anderson, or your executors or administrators, a sufficient warrant and power for your so doing.

In testimony whereof, we have hereunto set our hands and affixed our seals this

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day of

(SEAL.)

(SEAL.)

(SEAL.)

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Dolls. 17,116,702 96 [From the "explanatory statements and notes we extract the following particulars: Of the wines 188,266 galls. were Madeira, and 5,797 Burgundy the rest chiefly Lisbon and lower wines. Of the spirits, 537,030 galls. were from grain; the rest from other materials. Of the teas, the greatest quantity was of Hyson and Young Hyson, 1,958,067 lbs.; Hy son S. and other grn. 1,646,231; Souchong 1,382,633; Bohea, 261,700, and Imperial, 235,089. Of the sugar 3,174,126 lbs. were white. Of Iron there was imported, in pigs, 6,634 cwt.; castings, 19,099 do.; in bars and bolts, rolled, 51,290 do.; do. hammerd, 324,943 do.; sheet, rod and hoop 18,315 Co., steel 8,461 do. Hemp, 51,157 cwt.]

PUBLIC DEBT.

Statement of the debt of the United States, 1st October, 1819.

Deferred six per ct. stock, unredeemed amount
Three per cent. stock
Louisiana six per cent. stack,
Six per cent. of 1796, do.
Exchange six per cent. do.

Six per cent. stock of 1812, (loan of 11 millions)
Six per cent. stock of 1813, (loan of 16 millions)
Six per cent. stock of 1813, (loan of 7 millions)

Six per cent stock of 1814, (loan of 25 and 3 millions)

Six per cent. stock of 1815, (loan of 18,452,800)
Treasury note six per cent. stock

Treasury note seven per cent. stock

Five per cent. stock (subscription to bank of the United States)

2,805,084 36 13,295,915 44

4,818,279 92

80,000 00

2,668,974 99

23,668,254 71

6,187,006 84

15,521,136 45

6,836,232 39

13,011,437 63

9,490,099 10

1,419,125 61

8,595,298 27

7,000,000 00

68,060,336 29

Amount, 1st October, 1819,

Dolls. 91,728,591, 00

TREASURY DEPARTMENT, Register's Office, 10th November, 1820. JOSEPH NOURSE, Register. {The above amount, it appears by a subsequent statement, was reduced to $88,899,333 57, on the Erst of January, 1820, in consequence of a reimbursement of the Louisiana stock, (2,601,871 14); the purchase of certain stocks, (711,957 55); and a reimbursement of the deferred stock, (485,827 86). But the following shews the operation of the fiscal year.]

Estimate of the funded debt of the United States, 1st Obtober, 1820.

Deferred stock, (unredeemed amount),

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Loan, per act of 15th May, 1820; whereof, at six per cent. 2,000,000
At five per cent.

61 48

34,001 71

487 00

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Foreign Articles.

GREAT BRITAIN AND IRELAND.

London papers of Nov. 2-received at New York. The queen. We now have nearly a regular detail of the proceedings on the trial of the queen, but it does not appear to us sufficiently important to occupy our room, at present, except with a brief summary, or notice of remarkable things.

legal as the measure appeared to him from the manner in which it was effected; still, when he first heard of it, he concluded that ministers had a clear and unanswerable case to make out against the queen; that the evidence they had against her was as conclusive as it was credible; and that they had not merely the obscure persons to adduce to facts in support of the charge, which they afterwards produced-persons whom his noble and learned We noticed in our last, that the king's counsel friend was obliged to throw overboard-that they had been refused a delay of the proceedings, which had not only these persons, worthless and incredithey sought for on account of certain things whichble as they were, but persons of rank and charachad transpired respecting the famous "Milan com- ter, who could depose to the facts, and leave in any mission." On the 25th Oct. Mr. Denman delivered rational and just mind no doubt of their acquittal. his speech in defence of his client, and summed up Had they produced any such persons whose evithe testimony that had been adduced in her favor, dence carried conviction? Indeed, so far from havin a masterly manner, and conclúded by saying that ing such, they had brought forward none who stood her innocence was manifest, and the guilt of her secure, and in every step of this disgusting busienemies detected, He was followed by Dr. Lush-ness they had so acted as to take upon their shouldington on the same side, in a very able speech, ers a responsibility for which, he believed, they which occupied the next day. Other proceedings should one day or other have to answer. But what took place, and the case was closed on the 30th of was the proceedings of his majesty's ministers in Ostüber On ure second of November the house the house of commons? They sent down their met to give judgment on the evidence--the lord sealed bag there, and yet a portion of these very chancellor, Eldon, in a speech of considerable ministers were content, not only that it should not length, entered into an examination of the evidence, be opened, but that an address should, in the most and declared his conviction of the guilt of the formal and respectful manner, be carried up to her queen. Lord Erskine rose and began a speech in majesty, they, the ministers in the house of comreply-which, as it is probably the last that this tru-mons, being a party thereto, offering her a comly great man ever pronounced, from the circum. promise, if she would condescend to accept. They stances related below, we feel it due to his singu- also agreed to a resolution, stating that the very lar merits and exalted character, to give the sketch proceeding which their lordships had since thought presented as follows: proper to adopt, was "derogatory from the dignity of the crown, and injurious to the best interests of the people."—(Loud cheers. ) Though the representatives of the people had come to this decision

Lord Erskine said that he had listened with great attention to every thing which had fallen from his noble and learned friend, (the lord chancellor.) He agreed with him that the real question before though his majesty's ministers were a party to it the house was, shall or shall not this bill be read a in the house of commons, yet in this house the scond time? He agreed with him that their lord- ministers of the crown thought proper to perseships should infix steadfastly upon their minds the vere in a measure marked by the abhorrence of sacred injunction "Be just and fear not." He also the people. Her majesty rejected the proffered agreed with him, that the word "intimidation" compromise, and the king's ministers called upon should never be addressed to a court of justice. He their lordships in that house to go on with the bill. saw on the wool sack many of the learned friends Lord Erskine was proceeding at a quartér of his youth-the venerable judges of the land-past 12 o'clock. His voice became very feeble, and if this were now actings a court of justice, he and a general depression appeared but too evident should exclaim with his noble and learned friend-in his manner; still be persevered until the last ef"Ruat cælum fiat justitiam" (Hear, hear.) But fort of his strength was exhausted, and he fell back they were not sitting here as in a court of justice; on his seat quite insensible. We cannot describe they were sitting here, and acting on the present the distress and anxiety which pervaded the house occasion, legislatively; and in pronouncing his opi- at this moment, and the confusion which prevailed nion upon their proceedings in this unhappy case, amongst the individuals who were crowded togehe knew not how to do it better than to lay open his ther below the bar. Few of them had a view of breast to the noble lords whom he addressed, and his lordship, but their fears anticipated an event express to them the feelings which actuated him similar to that which closed the political life of the from the beginning. How then did the case of her great lord Chatham. The circumstances, we may majesty stand? Soon after the death of the late be allowed to observe, were not very dissimilar in king, and on the accession of the present sovereign the two cases: Lord Erskine, like lord Chatham, to the throne, he was pleased, by the advice of his was supporting the great principles of the consti. ministers, to strike her name off the ritual, and ex-tution of his country; like lord Chatham, he was atclude her from receiving as before the prayers of the people. And yet, notwithstanding the notoriety and flagrant injustice of this act in the first instance, they had been told by his noble and learned friend, that they ought to pronounce no person guilty unheard, that they ought to hold the scales of justice even between the accused and the accuser, and that nothing was so contrary to law, and so hostile to the principles of justice, as to conThe duke of Sussex (brother of the king,) and demn an individual unheard.--(Loud cheers.) prince Leopold (husband of the late princess CharNow, he had no difficulty in saying, that his majes.lotte) had waited on the queen several times, also ty's ministers had condemned her majesty unheard. many of the nobility and gentry. In one day she reHear, hear. Much as he had deplored the act of ceived twenty-four addresses from different bodies striking her majesty's name out of the liturgy, il- of the people and from different places; some of

tempting to point out the unhappy consequences of proceeding on a measure revolting to the feelings of a great community-both, too, stood as the advocates of an entire people.

His lordship was carried out of the house by lords Grey and Holland, and baron Garrow. The house then adjourned for a quarter of an hour.

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The London Courier speaks of the revenue of the country, as being in the most flourishing condition. The total produce for the year ending on the 10th Oct. 1820, exceeded by no less a sum than 2,723,4431. the revenue of the preceding year. The whole révenue for the year 1820, is estimated at 43,496,000. equal to 193,315,555 dollars-yet the DEFICIENCY is equal to all the expenses of the government of the United States.

direct. It appears that they penetrated considerably further than capt. Ross, viz: to 75 degrees lat. and 115 deg. longitude. They entered what was called the Croker Mountains, and they afford every reasonable expectation that a north west passage may be discovered. At all events the magnetic pole is conceived to be ascertained; and therefore, the great and long looked for object of such expeditions may be considered to be ascertained. We are happy to have this opportunity of thus quieting the minds of the friends of the persons who have been engaged in this perilous voyage.

the processions for this purpose were singularly The following is from the London Morning Post: grand and interesting the streets through which-PROPER WAY OF DEALING WITH THE RABBLE. they passed were filled with people, manifesting "The rabble when PROPERLY dealt with, are not danthe liveliest interest in her favor. Her replies to gerous: The inhabitants of great cities, are althese addresses are in her usual stile, and she has ways factious and cowardly! Louis XVI. allowed evidently gained popularity. The new mayor of his subjects to be threatened but not struck. NaLondon was to wait upon her in state. It is assert-poleon FIRED GRAPE AMONG THEM, and secured their ed that the very day and hour in which it was tes-applause and gratitude. tified that the queen was tete-a-tete with Bergami at Carlsrhue, she was in a large circle of people there. The ministerial papers ask why the queen's coun-sel did not produce more testimony, and to particular points-those on the other side say it was useless, because every honest man was convinced. Lord Milton, who on her first arrival, had declined to act in favor of the queen, had publicly transmitted his own and wife's subscription towards the purchase of a service lof plate for her. It seems The discovery ships. A London paper of Nov. 2, probable that, but for the sudden illness of lord says "We have heard that accounts have been reErsknie, the question on the bill of pains and pe-ceived at the admiralty from the discovery ships, nalties might have been taken on the 2nd of Nov. --the result seemed doubtful, but we adhere to our original opinion that it will pass, and would have passed the house of lords, at any rate and on any terms, to save the ministry, and that here the persecution will stop; the house of commons refusing to take it up, or being directed so to do. The queen's counsel appear almost idolized by the people for the firmness and talents they have displayed in her defence. There seems to have been some sort of a negociation offered to them, at the last stage of the proceedings that we have an account of, which manifests a disposition on the past of the mi. nistry to retire from their ground; but the nature Nothing new in France except fetes and proof the matter is not explained: it is intimated that ceedings in consequence of the birth of the duke the latter fear a shipwreck, and many rumors are of Bordeaux-the child of the duchess de Berri. said to have been afloat. According to letters from Paris, the French goThe following has been published as á correct re-vernment is about to send an expedition to Madaport of the queen's answer to the message deli-gascar, to found a colony in that island. Two sons vered to her at St. Omer's-"Never, exclaimed her of one of the Madagascar chiefs, who have been majesty, (and in a tone expressive of her highest educated in France, are to return home with the indignation,) I command you, speak of money to expedition. me when my honor is in question. I can endure the loss of father, mother, brother, daughter, and The cortes have adopted the resolution of the all my nearest and dearest relatives, with a be committee on finance for borrowing 200 millions of coming resignation to the will of our Divine parent; reals, for the service of the year. Admiral Valdes but I will not suffer a single reflection directed has been recalled from exile at Ceuta, and appointagainst my honor, to pass unpunished, by the ed secretary of war. The cortes was to continue slanderer, ever so exalted. Tell those who sent its session until the 9th of November. The propo you on this treasonable embassy, that I scorn their sition for abolishing political clubs had been agreed bribe, and defy their motives.-Not conscious of to-100 to 43. The decree for the reformation of error, I shall return immediately to England, and the monks had not yet been agreed to by the king voluntarily throw myself on the protection of my--it is further said that he has refused to agree to generous and beloved subjects. I will deserve their affections, and I may be certain of posses sing them; but I shall never yield, nor ever listen to any proposal that has a tendency to compromise my honor. Take this answer to your employers, and quit my presence immediately."

Another American schooner from New York, has been caught off the coast of Ireland, with a cargo of tobacco.

The people of Southwark had petitioned the king for a change of his ministry. It is probable that this will become general.

Terrible havoc appears to have been made among the crews of the British ships on the Jamaica station, by disease.

Lieut. Frankland and his companions, on the 30th of June last, were left, all well, 700 miles up the country from Hudson's Bay. By the beginning of September they would, no doubt, arrive at the Coppermine river.

FRANCE.

SPAIN.

the proposition for suppressing monastic orders: but the monks have taken especial care to remove and secrete the "property of the church," to the amount of many millions. The "Phillippine company," has been abolished as inconsistent with the freedom of trade.

The cortes, after three day's debate, also decided that the Spanish refugees in France should be permitted to return, with the entire restitution of their property and civil rights-112 for, and 29 against it.

Before the revolution there was only one gazette published at Madrid, called the Official Gazette: there are now twenty-six. It is justly observed "let this state of things continue for some time, and there will be no danger of a relapse for the Spanish peo ple."

The Floridas. Notwithstanding the silence of the Madrid papers, it appears certain that the Florida treaty, made, it will be remembered, by Mr. Onis, and to which, last year, king Ferdinand withheld his sanction, has now been ratified. By this treaty

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