mountainous. Tho Thetis, 36 building at Devon- port, has had additional hands put on her to hasten her counticlioii." The President, 4‘), was l'tllllillla‘sltlil' ed yesterday. The Ulniliutor,t-‘temtt frigate is ordered to be fitted for ser- vice. The Scyee sin-or was sold by pulp- lictender; 40!),000 cz. were bought by the house ol H. ()astellan and Co. at sixty-pence and l-ltith per 02,... The remainder was bought by the house of Rothschild, at siaty per 02. A letter from Madrid, ofthe 2d of August states that 200 Convicts were being conducted from Borthagena to the Canal of (Iastile, they rose upon the troops escorting them, mas- sacred them all, hanged the Com. manding Officer to a tree, and cacop- ed in every directions. .. ... _ .. ._.. _.. .~-_~_.—— James Balfour, Esq. of Haddingtnn and London, deceased, has left in the diocese of Canterbury personal preperty to the amount of£80,000, and in Scotland upwards ot'a million sterling. Portman Hay market, St Marylo- hone,laondon, was destroyed by fire “Wednesday evening. The personal‘property of the late Sir \‘Villam Follet has been sworn to be under £60,000. Three deaths from hydrophohia have resulted during the past week: one: young man of twenty seven yearaofagc, the other a boy of thir- teen and the third also a boy ofaeven or eight. # Fntnce.—-—On the Oregon question several ofthe newspapers have given articles. but without urging new. La Presse. however, which you may recollect I mentioned some tune ago, had declared against the pretensions o'America to the Oregon territory, now says that he has no douht that if the American Government be lirm.it will obtain every concesaion it may choose to demand from England, for, Odds the Pressc, England,in haughty to Europe. invariably ccdca every- thing to America that America insists upon having. FROM LATE AMERICAN PAPERS. Mzuco, Vera Cruz. July ‘22—- War betweenthis country and the United States is now inevitable. July 30.—~lt is generally thought that this country will yet have to declare war against the United States. August 2.—-Our latest dates from Mexico unto the :iOih ult. The Mexican troops are ordered to pro- ceed for the North, and to take up a position ton leagues in advance ofthe Rio Save. So we might shortly expect to hear of hostilities having commenccd in that part. _...4....._._._._ CunA.-—-A moat fearful and fatal storm ofthunder and lightning torilt. place at the town of Hotguin. island of f“uha, on the 4th ultimo, killing )5 persons. in the vicinity of the town about 40 were killed. At St. Jago the boat has heen intense. and mun-- hers have died from the effects of the gun. The drought continued in that part of the island. ..__.--——-——..... The new steamer Oregon, which is ’ to .run' between New York and rrovidence,ia 340 feet in length—ten fie} longer than the steamship Great rttain. _ y g l ‘who will receive nothing It ‘ the stats at the Public Trust COLONIAL. -Kmosrov, Jur.ticIt.-Papcrs to the 24th ult. have hot-n received a! Snv:iriii:iii, tla. lv-l’i'cuidcnt llur- ard had arrived at l'ort Royal. 'l‘hr! 'Kinrston 'l'imcs says that the. Spanish and French parties of Hnyti are cur- l'yitzg on a savage war between them. The former are said to have punished their prisoners, on a late occasion, in n mest harlwrous' mamwr, in return for which, the others had shut their Spanish prim-urn. (la the last occa- ainn, it is said that fiillcenwcre shot in one day, at Cape Sanuuia. The Upper Canada Bilile Socie- ty ins-rind last year 4'24‘5 liililrs,88ti9 'l'estumcnts. 'l'hotutul receipts for the year were £4,348 its. 9d. o“..- -.. m -6».— i A Montreal paper intentions that a Panther has made his rppearaucc in the woods at Long Point. Ho has already killed several tows and a low days ago attacked the ipn ufa farmer in the neighbourhood. $.-— Esrenrniaa.-—The "team will of Messrs Rankin, Fe 413011 8t 00., Bathur's't, was hurntdr man the 17th oprril last; its re-eret'iion was com. mouced on the 19th of lay, and It was in full operation on he l‘lth inst, the whoie haying b n finished in three months. The original found -un was laid inthe bed of the bar If on the lst JuneJBM; finished an in full opera- tion, burnt down, re—caistructed,uud in full operation withiri the space of fourteen months and 3 en days, in- lcuding an interval of narly, a month after irs being destropd.--Jl!irami- l C," Cleaner. 3. . TH E MORNI Ni} NEW S. SATURDAY, Ssrrenuin l3, Iota"). 5—... 'I‘llti CURRENCY (311.3110); CONCLNDED The general scarcity of an is a mat- ter too notorious to need 1 of. It can scarcely he commanded t'ophe ordinary purposcs ofn retail liusiuct, while mo. chanica and lahourcrs of on deucrip- tion, are almoat universal r-ompollt-d to receive a large proporti of the pity- Inents due to them in hart , or as it is usually callcd,atorcpcy. ‘ho real-ion for this is obvious. The ipluycr Jana not the cash to pay theh or if he has he is compelled to reset it for those 0, namely, lllctchunt-i rods. Thu lucc undcr thus the to Colony the English or Nova St‘ttlitl trout whom he prorui-cs his Farmer disposes of his pi similar disadvantagt-a —-.-inr whole trading systrni of cannot he considered but as no of mere tmrter, as (.‘ash forms so tri pg and on- important a port of it. Thd Merchant, however noxious he may 'p to retain money within the island, mtt yield to the force ofcircuturtancus; : is impos- sible for him to act in oppcs on to tho general system without iuuiring his credit and his resources. it v than can it he argued, in the face ol theory so plain, and fact: so notorious,yhat u no- mined and temporary value grn to mo. ney. will have the effect of coping it within the Colony ? The ’or}, was hasrd upon incorrect priuc es, and exiicrience has but dcmcns Ited that fact wliirh should limit: been so l-evident at the commencement. “.9'nli3l.‘ enter at sums lgth into not this '_ _, _.—.-._.-.—- .,. .__. 1...... Island, and show that the relative pro- portion of Bonds to Cash (including that description of money known as'l'rcusury Nun's.) far cxceeds that of any othcr of the North American Colonii-s ;:n.d upon this t'act,found another and a convinc- ing proof of the correctness at our posi- siou. But this subject involves an runny and such various and important political interests, that we are compelled to de- fer its consideration. We would, how- ever, refer our readers to an article which appeared in the Morning News of the 16d: and l9th of April last, “ On the Neocnity of Public ltentrenclunent,” as corrol orutive of the facts we have ad- duced, and of the inference naturally to be drawn from them. Our next question is, What benefit do the Public derive from the fictitious value given to the Currency of the Island! To this we can give a hricl'liut emphatic answer-~Nona: and to the man accus~ (mood to Mercantile transactions, this inference should be self~evitlent. It is but at little consequence, as we have before stated, what nominal value is givv question in what will it procure in those places from whence we derive our Im- ports; for on this fact, the Merchant or Trader must have his .charges, in order to secure to hiniaelf a fair and reasona— ble profit. To ensure this, and the re- muneration to the original producrr, the consumer must ultimately pay;and thora- fore it would he an argument against common sense to suppose, that merely naming a shilling, filtccn or eighteen pence, will have the effort of increasing its actual value. In the Home Markets ot tho ltlaud,tt.o quantity of any article prnduccil, may have the ctTirtt of lawn- in; its value. Lot this is all invariable rulo in Commerce, where the supply is equal to, or exceeds "1‘ demand, and doc-t not in any manner alter; the trans- actioni l‘rtwcen Merchant nnl .llcrchiut in those cases whcre payments are made in Cash. To use very plain language the luiyci go's no more for his liltittt‘y,zllt oc- t-uuut oi the thc. Inland, because tho tcElt-r lm‘. in most cases to remit it at a lower value; and must therefore, in order to secure him- name it hears within Sultplace that proportionate value upon his goods, which 'tllttll have the ctcht of equalizing his transactions with those of the people, from whom ho originally purchases. Any deviation from this rule can only he cited as an cxccpliuu to an ordinary run, and caused by t‘lt'u cumstnnt‘cs not all all directing the genot- al merits of the question. To conclude this somewhat length? Ntlt'ltt, we would chart-v», that we tune in this and precodiug papers, advoncgd thesu prOpositions .- ..—. lat. That for tho creation or maintn. once at commerce a clear and well deli". ell Currency is a matter of absolute. r e- ccssity. M. Then an assimilation of the rir. culattng medium lwtwcen :litl'crcnt pom of the sonic Empire: must be produt-tiu- of beneficial results to commercial in- terrests. Etd. That the Currency of this Island I'XIsts as a matter at more capediencv. u'isarictioncd by Law, und in opposition to the Statutes ot'the Colony. 4th. That the increase in its nominal value has not the «Earl of rstninirz Mm ney within the Inland ;-and uponthem and f‘t’at'ioul other consequent prnpOsi- tion, we have based the asssrtion - “jt‘hat thorn in orcmity tor a volu- cn to money within the Island. The real' zlolc and tot I h i I a c an a i ol this Colony.” 8 n u“ c Some of these propositions m or; ion! :—for the others, wstlunk [at-:9 and argument it ave been add tolieur us out in our position. Bu may probably he asked, admitting prcsent system to he cronsous,~ halter iloyou propose in its place! this we at once answer—min your Current-y to that 0! than homing Colonies, as a preparatory m". to the general introduction or ins Money, as the circulating pira. We do not for a momentpi that this will have the effort at mi trade, or resuscitating commit“. we fearlessly assert. that it villi tale its operations, and ho . mm, taint: this desired object. In“, seeking to increase your presentm sihilities in the shape of Tressqu of no value beyond your own hum territorial limits, loolt a great “.1 knowledgcd evil in the face. Pr the establishment within the hh some BANK not subject to lloralori sated dictation, but whose Nutsr‘n circulated at par, throughout the N American Colonies :—throw otl'tlis tdunco of inferiority which you It". on to the Island. and adopt as a‘lu mental principle the maxim of on” greatest of financiers—t' Pour lerp maux nationsle it [not In grand: ficio." ‘fiwu - [E'We concludo in our paper at day, the article on the Cuarcnry of Lland «and we ask t‘orit that round tiun, which tlieiinpnrtance of the jar-t demands. Another orlginsl [i will appear in \Vcdnesday’s numlr “ Loghlation and its consequent prom." Our ohth in its publicni .- O to call the uttcntiou of the People necessity nfstrict economy and retrr nicnt in every branch of the public vico. UTA doulile price will he given a down copies ot the Morning N ditcd 2min July last. if sent to" ofiice. .—-.————..—--- fl?\Ve have been requested it" that the man in the cart which run and severely injured n child on Sui” last. was not annual of tits lion \V'lrving. .M 1'0 connect-cranes". "A Solisrrilmr“ is deferred lill‘il "“Mln‘v‘. on account of the» louclli 1". Current v question. Other lt'OW" been postponed tor the some rraw'L T. JAMES’S t7HllRCll.-—Thlll k- llu-gh McLeod of Loci» Easter. nfthoe [lo-putatiun from the Free Cl!" «‘icntland .n ill preach in the aluwsthu 'l‘u~~tuorrow, Sunday, I4th inst. T A K E N ‘W.’ A 81‘ night or early tliirmottl .“J from the Farm of Humor! Mitt“ Esq. ‘tlttulfid ulvout ‘2 miles front luttctown, on the Mulpeque Roadi' (.‘HESJVUT FILLY. \ ’liuever can gm; [urination resin-Cling her. or "In" her to the Nitratiribcr, shall be N for their trouble. "BMW gum,” 0am Strut. Sort. “- .. ...-_. -4 4 years old.