terms of the watchman two dollars in advance und two dollars and fifty ce,lt o the end ol the year no subscription received for a less tune than one «-»'. unless paid for in advance , , no subscription discontinued but at the option ol jne editors until all arrearages are paid teems of advertising . , * one dollar per square for the first insertion dhd twent five cents for each c __ court notices and ( ourl ora re w cent higher than ae t "^ w be made t0 thosc a deduction ol 33 !-•> i r xir'dss sejtt w«'be continued until forbid and h__r for accordingly unless ordered for a eertain num ber of times i .- letters addressed to the editors must come post paid :■' ens ire attention extracts from thi speech of mr j j habmn of illinois reviewing the principles of jos ,. polk and the leaders of modern de mocracy the sub-treasury ot tired yet of trying experiments your party with the great rejected in the lead proposed the adoption of the sub treasury this was then held forth as the sovereign remedy for all the diseases of the body politic col polk forthwith re tracted all he said in favor of the deposite system and became the advocate of the sub-treasury here is a somerset worth noting it shows the stoic philosophy of the father who could sacrifice and disin herit his own well-loved offspring to cher ish the adopted child ofthe late magician if the country is not prepared to approve of mr polk's conduct in creating the mis erable pet bank system they will surely give him credit for the sacrifice he made in going for the sub-treasury he not on ly threw a second somerset but eat his own words it is well known that gen gordon of virginia was the first person who propos ed the sub-treasury scheme in congress tins was in the session of 1834 — 5 and the locofoco party then went en masse against it and who was their leader in that charge against gen gordon's sub treasury '( no other than the then chair man of the committee of ways and means the warlike polk ! not only did he vote against this proposition but he made a speech against it in which he contrasted it with his favorite deposite system and held up this untried experiment as more unsafe and expensive than any other sys tem 1 hope gentlemen on the other side wont cringe so 1 will learn them still more of their candidate as they are sad ly in the dark as to his chums on the grat itude of the american people ; and 1 will now administer to them a dose of colonel folk's speech against the sub-treasury to be found in vol 11 p 1278 — 9 of con gressional debates mr hardin requested mr hudson to read for him who declined as he could not read loud enough mr c 1 ingersoll volunteered to read for mr ii mr hardin replied good hu moredly 1 beg to be excused for your kind ness as 1 do not like to get a man to read for me whose countenance i and no one else can ever understand a laugh oc curred in which mr 1 heartily joined mr schenck then read for mr hardin the following extracts : " whilst 1 am up it may be well to no tice some oiher propositions of amendment which the house have been notified will be made to this bill especially as i may i not have anolher opportunity to address the house a gentleman from virginia mr gordon has signified his intention j to move the amendment to this bill which he presented and had printed by order of the house some days ago that amend ment provides that the collectors of the public revenue when the amounts collec ted are small ' shall be the agents of the treasurer to keep and disburse the same nml that they shall receive an annual com pensation it provides further that at places where the amount collected shall be large ' receivers shall be appointed to he agents of the treasurer to keep and disburse the public moneys and that they shall he paid an annual compensation for their services ' a corporation may be safer than any individual agent however responsible he may be because it consists of an associa tion of individuals who have thrown to gether their aggregated wealth and who are bound in iheir corporate character to the extent of their whole capital stock for the deposite in addition to this the se cretary of the treasury mav require as heavy collateral security in addition to their capital paid iu from such a corpor ation as he could from an individual col lector or receiver which makes the gov ernment deposites safer in the hands of a bank than it could be with an individual as then between the responsibility of a public receiver and bank corporations as hanks do exist and are likely o exist under state authority the latter upon the ground of safety to the public are to be i preferred ' it may happen in the fluctuation ofthe amount of revenue and expenditures that there will be at some times a considerable surplus in the treasury ; which though it may he temporary if it be withdrawn from circulation and placed in the strong box of a receiver the amount of circulation will be injuriously disturbed by hoarding tne deposite by which the value of every article of merchandise and property would ibe affected so that inasmuch as we can hot anticipate or estimate what the exact amount of revenue br expenditure maybe from year to year there may occur an ex cess uf revenue in the treasury not imme diately called for to be disbursed which would he very inconvenient to abstract hom trade and circulation whilst the deposite is in a bank the bank may use it keeping itself at the same time ready to pa.v when demanded and it is not with jttwn from the general circulation as so uch money hoarded and withdrawn from we use of the community ' h in the hands of receivers they must the carolina watchman brtlner & james ) > " keep a check upon all your editors sf proprietors \ 1s safe ( new series rulers do x™;^,__.xt | j^er qf v0lume i salisbury n c august 3 1844 either hoard it by keeping it locked up in i a strong box or use it at their own risk in i private speculation or trade ; or they must i for their own security and on their own i responsibility place it at last on deposite i in banks for safe-keeping until they are i called on by the government for it h this temporary use of the money on de i positc in a bank constitutes the only com i pensation which the bank receives for i the risk oi keeping it and the services it i performs l receivers be employed they i can perform no other service than to keep i the money and must be paid a compensa i tion from the treasury as this seems to be a very unwelcome i speech to gentlemen and makes their i countenances look as gloomy as if they i were about to lose a new found friend 1 i will not longer comment upon it but shall i leave it as a task for locofoco orators to i answer the arguments of col polk when i they make tlieir next speech in favor of i the sub-treasury state banks ■ it is interesting to know what are the h i views of col polk on the subject of thel currency iv ot satisfied with the opinion^b of washington and those who made thrfl constitution as expressed by their acts inl 1791 ; nor of madison and the republican , party of 1810 nor ofthe supreme court : of the united states the tribunal of mall 1 resort for the determination of such ques-^b ; tions ; mr polk has declared himself a 1 gainst a national bank on constitutional i grounds he was suspected of being inl favor ofthe exclusive hard money curren-l cy but when he was canvassing for gov 1 ernor he came out in a circular in favor i of state banks as i have not that cir mi-h lar by me and yet am confident of the ihcth i assert and as many of the locos are fori the exclusive specie currency i wish tol call the attention of the democratic me in 1 j bers from tennessee to the statement that^b i col polk has avowed himself the friend^b of state banks several of the demo-^b cratic members from tennessee were lis 1 tening but none responded 1 take it then as an admitted fact that i col polk is for state banks according to col polk's plan we are always to have^b j a paper currency now it is for the people^b to decide and this issue is presented toh them ; if we are to have a currency reg-^b ulated by banks which does experience,^b and the wisdom of the past point out ash the safest for the people and the govern-^b ment ; a properly guarded national bank.^b or unnumbered quantities of state banks,^b ; which are chartered and regulated at ihch : whim and caprice of twenty-six indepen-^h ! dent states ##.#•.# oregon i shall read now another of the resolu i tions of this polk convention : i 4 resolved that our title to the whole of i the territory of oregon is clear and un i questionalile ; that no portion ofthe same i ought to be ceded to england or anyoth i er power ; and that the re-occupation of i oregon and the re-annexation of texas i at the earliest practicable period are great fl american measures which this conven 1 tion recommends to the cordial support ofthe democracy of the union i and so it seems oregon is to be press fl ed into the service and its re-occupation fl is to be made a party hobby for locofoco 1 ism to ride the united states is not big i enough and has got rather too hot to hold the mighty leaders of locofocoism ; and so they must add oregon and texas to give them breathing and dodging space and room to display their grandiloquent pow ers but sir if gentlemen will only hold still i intend to tap them for this oregon inflation and will relieve them of some of this surplus rocky mountain wind be fore it gets troublesome on their stomachs permit me first lo ask if this is so impor tant an american question why is it that the bill and resolution on this subject have been permitted to sleep in quiet on the ta ble of this house for six months past when j you have so large a majority here ? i will press this question further presently but i suppose now since the baltimore con vention have added these new articles to the political creed of locofocoism you are all first-rate dyed in-the-wool oregon men is your candidate an oregon man ? and has he always been so ? don't look as tonished gentlemen although you should find i already know more about your four days old candidate than you do yourselves do you not know that in december 1828 there was a bill before this house extend ing the jurisdiction ofthe laws of the uni ted states over all the people in oregon territory and directing the officers of go vernment to take possession of the mouth of the columbia river and establish a fort there being just such a bill as is now be fore this house . and do you not know that on the 29th day of that month this same james k polk delivered a lengthy speech against that bill ? 1 have not the time to detain the committee by refresh ing these new oregon converts with the reading of that speech ; but i will advise any member who desires to make a speech against the oregon bill now pending in this house to take up this speech and read j it and it will suit his case precisely it | will be found in vol 5 pages 129 and 132 ! congressional debates mr polk states ! that he considers our title to oregon better ! than that of great britain a point about which there is no difference of opinion i among whigs or locos he then sets out our treaty stipulations with great britain '■ which still exist the same now as then by which the country was to be occupied ! jointly by the citizens of both powers un i til one year's notice was given of an in tention to abrogate the convention ; that no such notice had been given ; and then argues against the legality and propriety of passing the bill i will now read a few sentences that gentlemen may see the purport ofthe speech ' these are the stipulations ofthe exist ing treaties between this government and that of great britain whilst they conti i nue in force they are declared by the j constitution to be the supreme law ofthe '' land now we have not given the notice of twelve months to annul or abrogate them and unless we do or receive such : notice from them they are in full force i and are obligatory upon us ' such of our adventurous citizens as i are diposed to penetrate into the unexplo | red wilds west of the rocky mountains have the right to do so great britain ; has not as yet established any military posts and has avowed her intention not to do so until wc do her hunting com ; panics may have private defences and i temporary fortifications * # # # ' with these facts before us contained in the official documents on our tables who can doubt if we send a military force there during the continuance in force of these treaties but that great britain will send one also ? and if so collisions be tween the armed forces of the two coun tries might and probably would be the consequence and wre might thus be com pelled to decide by arms that which would be much better settled by negotiation # # # # ' we ought he said to pause before we passed this bill ; not that he would for a moment think of abandoning our title for he believed it to be the better one or of j permittitig any foreign power to become the owner of the country we should not act now ; but as the question of title is left to future adjustment by negotiation until we ascertained that there is no hope of regulating it by the executive let us postpone any measure on the subject in the mean time he would not permit great britain or any other power to take exclu sive possession of it by delay we can lose nothing by acting now we may ! hazard much if the question of title was settled and we were the undisputed own ers of the country many would even then doubt whether it would be our policy to extend our population to this distant re ! gion we had yet on this side of the rocky mountains a vast extent of wild j unsettled territory which will probably ! remain so for half a century to come but ,{ it was not now necessary to decide that question at all events he considered it premature now to do so when we must do ; it at a vast cost and at the hazard of be ing involved in war let our citizens who choose at least for the present go there and hunt fish or traffic at their option let the country at least for the present re main a waste ; it will be time enough to settle it if we should ever deem it our po licy to do so when the present difficulties are removed when the dispute as to title shall be settled and when we shall have acquired more accurate information in re lation to it subsequently during the same session mr polk offered a resolution having for his object the extension of the jurisdic tion of our courts over edl the citizens of the united sledcs who may be in the territory of oregon which of course did not include british subjects who might be there also for an exploration of the terri tory cong deb vol 5 page 143 there is no person of any party who would object to this proposition of col polk but sir i go farther than he does i am also for giving the requisite notice to great bri tain ; and as soon as we can do so with out any breach of faith i wish to see or egon taken possession of by our govern ment i have entertained these views not as a party man but as a western man who wishes to see that country which all americans agree rightfully belongs to us brought under subjection to our laws and lei't free to the occupation of our citizens in these views i have differed from many of my political friends who doubt the pre sent policy of the proposed measure ; and recently since i have examined col polk's speeches i find him occupying the very same grounds and urging the very same j reasons which arc occupied and urged by those friends who differ from me and ; now after this exposition of the views of \ ' vour candidate which he has never with : drawn i ask you locos if you do not feel ashamed of your oregon thunder i re ally commiserate your unenviable condi tion and if vou only feel half as bad as you look you must be suffering the last agonies of despair i texas but sir you also say in your polk reso lutions that vou are for the re-annexation of texas this i suppose includes ac cording to texas law and texas bounda ry the re-annexation of large portions of three mexican provinces and some twenty or thirtvmcxican towns,includingsantafe your new ideas of . e-annexation are doubt less enlarging with your new issues 1 do not design entering into the discussion of the texas question at length an hour would be a very short time to do so much less the few minutes i have to bestow on it but i intend to talk to you locos about this new issue as we say in the west just like a brother at the recent bal timore convention you have consigned to political infamy your old leader martin van buren as you had falsely alledged that he was unfairly defeated in 18-10 and that he ought to have justice done him in 1844 we were anxious you should afford us an opportunity of giving him ample jus , tice by giving him and his party another sound political drubbing next fall but sir you have prevented us from bestowing upon him this labor of love you have strangled him with your hands in your own camp in the complimentary reso lution which you passed over his political manes you say he fell a martyr to his prin ciples in 1840 and you should justly have 1 added he was foully re-murdered in 1844 1 by his own friends on account of the un popularity of his principles | you are endeavoring to produce the im i pression now that mr van buren was ; : sacrificed on account of his texas opin ions sir this is not so ; but if it were | the only cause of regret for his fate would ; be that he was consigned to oblivion by j his party friends for the most honorable i and statesmanlike act of his life the misfortune may be his — the disgrace is l his friends but sir you and i well know ! that it was publicly proclaimed in this city months ago that if you lost the connec ticut and virginia elections you would withdraw mr van buren and run some other candidate after the result of the elections in maryland and connecticut,and the special elections in pennsylvania were known you became very restless and be i gan to look around for new issues be 1 lieving that mr van buren would go with you for the annexation of texas those members of your party who resided in doubtful states especially in the south began to come out for it the returns of the virginia election brought the news of your disastrous defeat in that time-honor ed commonwealth at the same time that mr van buren's letter against annexation was published this was adding disap pointment to defeat it was too much for j your philosphy — and like the little boy who got mad at his woodden hobby horse ! because it would not jump a branch with him and who in his childish anger got j down and broke it to pieces — so your par 1 ty vexed disappointed and maddened at j your multiplied defeats caused not by the acts of mr van buren but by the unpop j ularity of your and his principles vented i their spleen upon your leader and offered j him up a holocaust to the chagrin and dis j sensions of those leaders of your party j who were thirsting for the retreating spoils of oflice i now understand your party are for the annexation of texas and that this is de signed to be made an issue in the ensuing : canvass pray tell me sir when this be } came so important an american question ? is it now any thing more of " an ameri j can question than it was in 1838 when : its re-annexation was promptly rejected by president van buren and john for syth ; which act your whole party sus tained without a dissenting voice ? was ; it made a question in the election of any man here was it agitated at all before the people when the members of this house were elected . w'as it ever men tioned as a great question during the first four months of this session ? wras it ever dreamed of as a great political issue un i til the noise of defeat began to rcverber 1 ate upon your cars from the first battle ground of the revolution no sir no i man imagined such a thing unless it was : john jones and captain tyler this scheme of begging texas to be rc \ annexed to the united states immediate i ly was the device and invention of capt ! tyler there is no doubt but he consid ered it a fine hobby to ride into a re-elec tion if then any body is entitled to the ! benefit of the suggestion it is the cap ; tain it is his peculiar thunder and i now what are you locos doing ? you have mounted upon this hohhx belt ind\\ie captain and arc already meanly striving to push him off and put up james k poll in his place sir if i had you before an impartial jury and we will have you on trial next november before the grand in quest of the nation i could convict you of petty larcency in stealing away the cap tain's hobby-horse islr your design in this is palpable aye sir it is for the purpose of drawing off and misleading the public mind from j the old issues on which it i.s apparent you j would be defeated ; and with the hope of ! inoculating the south with the texas and the west with the oregon fever that you hope again to craze the brain of the peo ple and induce them in the paroxysm of , the disease to deliver into your hands the reins of government what right has your party to say that they are the peculiar ad vocates of this or any other subject as an american question and what reason have the people to believe you would even carry out annexation if you had the pow er ? can we see it in your acts ? to leave out of view the old promises of your par ty what have you done with your over whelming majority here about this ore gon bill ? how have you kept your pro mises to repeal that black tariff of 1842 ? and where is your sub-treasury bi 11 which you were to re-enact to undo all the whig congress had done as yen boastfully al-^fl ledged you would do at the commeneo-^h ment of this session ! sir they all sleep in quiet repose on the table of ibis house,^b waiting the action of the locofoco major-^b ity perhaps this retort may galvanize some of them into cxis:ence sir theh conduct of your party leaders on this a-h on various other occasions proves iim'b you have no sincerity and are not to r<l trusted with power place the power fl government again under yonr control and i texas may remain independent — be nn-h nexed to the united states or be rc-an-^h nexed to mexico as may seem most advi-^h sable to enable you to hold on to the spoin^b of office the history of your ipgislntion^b still exhibits the verification of the remark of that great southern chief of your p:'.r-b ty that you are held together by the em-b hesive power ofthe public plunder and^fl now you are willing to plunder mexico or^b texas if you can thereby regain the long-^b ed for spoils of office h but your resolution says you are for an jl nexation at the earliest practicable period j i wasthat intended to have one meaning for i the north and another for the south '. the i gentleman from alabama is very particu i lar upon this matter of two faces for two i \ sections of the country 1 call his atten i tion to this point does this resolution i mean that your party and your candidate i ' are in favor of the present treaty ? that i | is the question of annexation which is pre l ! sented to the american people 1 want i no equivocating or shuffling on this point jl j but a direct answer from the gentleman i i who has laid so much stress upon this sub i j ject of annexation in his remarks 1 ap i peal to the gentleman from alabama to i ! say whether the democratic party or him 1 j self or mr polk are for the ratification i j of this treaty ? i " mr payne explained his meaning i { when he had spoken of the gentleman's fl | presenting two faces mr clay had pub i lished a letter and avith apparent skill b ! and design had avoided to answer the i question from a cursory glance of it fl any one might suppose he was in favor ofl annexation i ■ mr hardin i ask that gentleman il'fl bhimself or the democratic part y or james i bl polk were for this treaty : and not w ith i reference to mr clay's views these i were clearly expressed in his letter i ( " mr payne said he mr clay had ne-l ver come up to the question — he statedl bnowhere whether he avas in favor of an-l bnexation mr p here took his seat i ( mr hardin resumed noav is not this beautiful ? is it not exactly after the mo-h del of the van buren school ? i asked al gentleman who has just made a polk andh texas speech if he or his party or hisl candidate mean by the resolution passed ■ bat baltimore that they are for the texas treaty he twice evades an answer toh my question and says he is opposed to mr.b bciay and that he don't undersland hisl views on the subject of texas the gen-h btleman could not have given a better epi-h tome of the principles of his party thanh this single circumstance they have noh definite practical principles for the publich eye but deal in double meaning genera li-l ties and condense the whole catalogue oil tlieir principles in that one sentence " urh («/•. opposed to henry clay ( the attempt is vain to get an answer j from any of these gentlemen to those in j quiries * as to mr clay's opinion on an \ bnexation it is needles for me to explain . they are written so boldly and plainly band frankly in his letter on that subject bthat a man cannot misapprehend though bhe may misrepresent them b the locofoco party are seeking to make la new issue and now we have a right to b know the exact terms of that issue li fl you endorse this treaty with the corres bpondence which brought it into being say i so if you are against it and for iinme i diate annexation in any other way or up i on any other terms proclaim them dis i tinctly are you determined to have tex b as even if you have to goto war with i mexico to obtain it 7 let the country dis i tinctly understand your intention we i want no more missouri questions to threat i en the dissolution of the union and let i it not be said by your partizans in the i south that you are for annexation for the i purpose of exteilding the limits and in i creasing the influence of the slave states i and yet in the north the friends of annex bi ation stating as did the gentleman from pennsylvania 0ir c j ingersoll in his j hrecent letter to the globe that texas j hwould make one slave and three free states hand would thus greatly increase the pre i hponderance of the free states here is j hevidence of further equivocation and shuf | i fling by your party leaders on this " new i hissue vou are blowing hot to the south hand cold to the north in the same breath i on this subject when evidence of your un i fairness and hypocrisy is so apparent do i you suppose you can deceive the ameri h can people ? " and let me tell you south h ern texas advocates,that if by any chance fl the professing locofoco friends of annexa i tion should ever get the majority in con i gress you will find your northern loco al i lies deserting you on the details ot the i measure as thev did on the tarift question i and you avill curse them in your hearts i avith tenfold the bitterness you do the i whigs h i admit that in some portions of the un h ion you intend to make a desperate fight i the minority of your party at the south have overruled the majority of your party at the north and compelled them to adopt a southern candidate and to pack what you term a southern question the north ern democracy will scarcely make a strug gle the battle is expected to be fought upon texas at the south upon oregon in the west and upon dallas in pennsylva nia you misjudge the gullibility of the american people if you suppose they are to be misled or deceived by these " tubs ; t brown out to catch whales 1 have already ; tapped vour oregon tub and let water 1 enoughintoittosinkit the people of penn ', sylvania have too much practical sense , to be induced to support dallas when he , is playing second fiddle to the rvc trade anti-tariff tutus of col polk and i much ' mistake the intelligence and devotion to the fundamental principles of our govern ment which characterize southern whigs if you are able fo deceive them into your support by the ignus faluus glare of thi texas issue too long have ihey contend 1 ed for honest principles against the wily j arts of locofocoism until they have been purified as by lire they have won the lau i rels thev so honorably wear in many hard fought fields to permit them to be torn from iheir brows by a stratagem of their enemies and if i may judge of their constituents,by the noble band of firm and talented representatives which the south ern whigs have on this floor they are nei ! ther to be bought by bribes deceived by i hypocritical pretences nor driven by bra ' vado threats from the defence of those principles they have long cherished ; nor from the support of that man xvho has shown himself the true advocate of all sections of our counlry and who iu every dangerous emergency has risen with re newed energy above all party trammels and lowering above all competitors has grappled and mastered every difficulty and exhibited before an admiring world the enlightened principles of a true amer ican statesman from mexico the ship vistula arrived at new or leans on the 16th july in nine days from vera cruz at last dates from the city of mexico the measures for the recovery of the re volted province of texas were still the topics of conversation and legislation — the new orleans bulletin says the first act of the extra session of congress was the passage of a law raising 4,000,000 to prosecute the avar the picayune says that the law had not passed — it had been reported by a committee which also sent in one or two minority reports but it was very doubtful whether congress avould ote the money the mexican press as well as the min ister for foreign affairs were using every effort to inilame the public mind against the anglo saxons and to fire the mexi cans with enthusiasm in the enterprize of the re-conquest of texas there had been another tilt at arms be tween mr bocanegra and our charge mr green the former renewed with increas ed severity his charges of bad faith vi olation of treaties " usurpation atroci ty c against our government mr green continued to remonstrate against the employment of such unsavory and un gentle terms and declared that he had ex ' press orders from his government not to hold any communication with the mexi can government not conducted in the terms of courtesy and respect due to the honor and dignity of the united stales the quarrel between ihese two officials had become quite threatening commenting upon mr green's letters i the new york commercial says it is a pity | ave cannot have a representative at the ' mexican court who can write a decent , note the mexican journals tire filled to re pletion with the translations of the cor respondence which took place some months since between mr packenham and mr calhoun in regard to annexation gonzala ulloa commandant general of marines at \ era cruz has received the appointment of commodore of the mexi can squadron according to letters from mazatlin dat ed 1st of june it appear that the captain of ii 1 m.'s corvette champion is accus ed of infringing on the maritime rights of mexico in lhe gull of california by for cibly liberating a british bark taken on the charge of smuggling tiie castle ol san juan de ulloa at ve ra cruz has been put in a complete state of del nee 3d say ih paper and amply provided for any emergency that may oc cur i from the a y journal af commerce thomas v dorr wc learn that this person is employer in the state prison at rhode island wherein fi r fl.t grant and manifold treason lie baa been sen tenced to abide fnr life in tlio painting of fan it is well known thai be refuses to sign a peti tion for his release or to take the oath ofallegi ance to the established and rightful government of the slate he even caused the general as senihlv to he informed that the petition presen ted by his father a gentleman whose unwa vering integrity and manliness of deportment through ail the public troubles have been the theme of praise from one end ofthe republic to the other and have conciliated the respect ful sympathy of every honest rhode islander — waspresented without his knowledge and in opposition to his desire in justice to the state magnanimity the fact should be universally pro mulgated that the government has been through out inclined to mercy and that this inclination has been thwarted by dorr himself he re mains in prison says the providence journal not the victim ol oppression which he is repre sented to be and scarcely the victim of justice but rather of his own unyielding obstinacy which retuses the proffered mercy ofthe gov i ernrnent unless he can dictate the terms upon j which it shall be acceptej i have a e_t says cecil in my study for \ tried authors one in my mind or tried principles and one in my heart for tried friends