2744. Bank of Augusta (Augusta, GA)

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tion; and those of the States above mentioned doubtless fulfilled their pledges to the community by doing the same. We do not hear that there has been any run upon them for specie; and we presume that there will be none. The confidence which the people have had in Ohio paper has been but little impaired, and this measure will have a tendency to strengthen, if possible, the high opinion which has been entertained in regard to the solvency of our banking institutions. It will have the additional tendency, we hope, to inspire public confidence both at home and abroad, and relieve us in a short time of many of the embarrassments growing out of the peculiar state of the times. It will be taken, and we hope in the end it will prove to have been the harbinger of better times that it is but the dawn of a new and better era in the financial history of the country." Georgia-The Bank of Augusta, the Railroad Bank. and the Augusta Insurance and Banking Company, will all resume on the 1st of September. The New York Herald of the 19th states, that "Domestic exchanges are rapidly equalizing. This is the effect of the resumption and settlement of the old balances of the banks, and the absence of business to create anew the indebtedness of the South and West to the North." The New York Correspondent of the N. Intelligencer writes on the 20th, that "The rates of exchange on Mississippi and Tennessee are daily falling. Capitalists have gone into the market with a disposition to buy up the bills of the banks of these States, the consequence of which is, that they have fallen from their depreciation of 20 per cent. and over, down to 7 and 11, in many cases with a disposition to fail yet lower. The Northern people will not be content now on seeing a single State hold back in the general resumption. There is every disposition here, as well as in Philadelphia, now to furnish all the means of Northern exchange, to permit the Southwest to draw upon the North, &c., or to take what-ever course can best facilitate the progress in resumption of all the States. This readiness will bring about a very early resumption in the States yet holding back." Mississippi -The Jackson Sun informs us, "that the State Commissioners have finished their examination of the affairs of the Brandon Bank. The investigation was full and complete. Every book and every paper pertaining to the institution were unreservedly submitted to the commissioners. The report will soon be laid before the public." The Sun adds-"We have undoubted authority for saying that the examination has resulted highly creditably to the bank-that she is in as good a condition as any bank in Mississippi, and far better than a majority of them. The Brandon Bank will have the means of paying specie by the first day of next January." Indiana Banks-The Lawrenceburg Beacon of the 4th inst. says, the Indiana banks will resume in a few days. Two articles, which recently appeared in the Globe, have let in a flood of discussion and vituperation from the Whig presses. They pointed out some abuses, which were said to have crept into the Navy-The Whig presses pounced upon them with the greatest avidity, and turned them at once into weapons of attack upon the new Secretary, and upon the Administration. Many of the Whig presses did not hesitate to ascribe them at once to the pen of Mr Paulding; and they were further silly enough to say, that they argued a hostility in the Administration to that great arm of the Nation's defence. Many were the devices, and various were the ways in which they sought to saddle the authorship upon the Secretary-One of them even urged, that Mr. Kendall was the author of them. The Globe positively contradicted it-At length, the National Gazette, egged on we know not by what impulses, first suspected Mr. Paulding of the authorship and then it gave a new version of the charge-which at length drew from the Globe of Monday night the follow-ing peremptory contradiction: "The articles attacking the Navy were prepared by a person who holds an office in one of the Departments, a kind of sinecureship, to which he was appointed in order to be one of the scribes for the Globe newspaper. This individual wrote the ribald libels in question for the Navy Department on the advent of its new Secretary. They were submitted to Mr. Paulding, who revised them, and made even vulgar, vituperative, and insulting additions" [National Gazette. "The above is a very precise and circumstantial state-ment, and should not have been hazarded by an editor without having the positive testimony of a respectable witness to sustain it. We pronounce every particle of the statement to be utterly destitute of truth."" The N. Intelligencer appears to be satisfied with this paragraph from the Globe-and understands it "as exonerating the Hon. Secretary of the Navy from all knowledge of, or participation in, the attack made through the official paper on the officers of the Navy." But the Baltimore Chronicle still harps upon the subject and doubts about Mr. Paulding's writing them. The Madisonian, too, chimes in-and says that the Globe has not denied that Mr. P. himself was the writer, or that they were published by his request or authority, "and does not believe that he ever will do so." Had we felt ourselves at liberty to speak upon the subject, we could have denied, within five days after the articles had appeared, the agency of the Secretary in this transaction. We saw a letter from him, expressly declaring that he was not the Author, and that he did not know who was. We will go further, and venture to say, that whilst Mr. Paulding is proud of the high reputation which the Navy has won by its brilliant services, he will be the last man to wink at any abuses which may have crept into it, from any causes whatsoever.--We know, that he is determined to administer its concerns upon the highest, general principles and with a single eye to the public service, and the great interests of his country. The denunciations of the Whig press will have no terrors for him-but he will reform abuses wherever they appear, and will do justice to officers of all parties. Suariter in modo, fortiter in re.