04 Jul 1834
Page 1
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Newspaper
Augusta Chronicle
Location
Augusta, Georgia, United States of America
Date
Jul 04, 1834
Page
1
A brief note indicates a Saturday morning publication location on Broad Street beneath the Globe Hotel. The item points to a regular papering venue for the weekly edition. No further names or dates are provided.
The committee directs a 10:30 A.M. procession from Planter's Hotel to the Presbyterian Church for Divine Service and the reading of the Declaration of Independence by Robert Craige, with an address by James Garoyer Jr. The procession lists senior officers, clergy, magistrates, medical faculty and students, and citizens, with military pews reserved along the center aisle.
In Washington on June 21 1834 the Senate debated a 40000 instalment for Clarke and Force for a Revolution history contract. Senator King denounced corruption and urged investigation while praised by allies. the measure was nearly defeated. The House received word of General Laraverre’s death as the session moved on.
A 24 member committee honored Lafayette while the Gold Coin bill passed 142 to 35. Senate business focused on Stevenson’s nomination, with rejection by one vote and further talks on cabinet posts. The House Harbor bill and a new banking-depository bill were debated, with Judge Clayton’s criticisms and party tensions highlighted.
The text outlines proposed amendments to a bill regulating public money depositories. It details Treasury power to employ state-incorporated banks as depositories, security requirements, note redemption in specie, transfer facilities, periodic reporting, and conditions for continuing or discontinuing banks. It specifies added sections on safety, proportionate deposit, reporting to Congress, and bank discounts.
The text outlines amendments to deposit rules for United States funds in local banks, setting duties for collectors and receivers to bond and secure funds, and proposing agents for revenue handling. It discusses transfer procedures, notice requirements, and coinage standards from March 1836, plus a debate on a related Senate bill and postscript notes on Lafayette memorial observances and academic progress.
The Southern Banner notes a survey should begin at Augusta to determine whether the company will need his services. This concise item suggests a planning step without detailing timelines or participants.
The Liverpool market shows strong demand for Uplands with about 2000 bales sold, prices rising up to 13 to 14 cents in spots. River trade reports steady rice and dull freights to some destinations, while cotton sales reach 4333 bales with varied prices and good inventories for the week.
Cotton arrivals since June 18 total 3883 bales with 117 cleared and 40411 on hand. Weekly sales about 3000 bales with varied prices and descriptions. lower Louisiana and Mississippi fibers quoted higher to match sales. Sugar stock large for season with low water keeping imports steady and prices dull. molasses sales small with minor price variation.
June 21 report estimates the current American cotton crop at about 1,200,000 bales with a surplus of at least 100,000 bales over last year. It notes upland bales at 13 to 14 cents and four months later repacked at 10 to 11 cents, while motile bales fetch 14 cents and 13 cents for repacked lots. since the 24th ult the advance has risen about four percent.
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