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ing joined themselves to the hitherto friendly tribes about Black Water Bay, are awaiting the completion of their crops, to take the field , with renewed hostility and vigor.

 THE EXPERIMENT FAILED. } One of the most impudent assumptions of the Tory press, and one that has of late been , often repeated, is, that "the Banking system , of this country has been fairly tried, and pro- , we'd signal failure." We are told, that |" "al- though it worked we'll for a while, and ap- peared well adapted to our wants, yet "when

 the winds blew it fell, and even upon slight emergency, it was found inadequate, even to sustain itself.''

 Such talk as this is just about as fair, logi- cal, and rational, as would be that of man

 who should take his neighbours patent lever watch, which, to be sure, had done very we'll, and kept very good time, generally speaking, but just by way of an experiment" he would I merely knock out the balance wheel, and en- deavor to supply its place with some forty or fifty smaller wheels, which, he was sure, would answer the purpose "just as we'll, and probably c hhle better" than that one large wheel. Besides he considered that big wheel as possessing dangerous power, inasmuch as it exerted great influence over all the others, while itself was beyond all control.- Therefore, as it would not submit to any kind of direction, he was resolved to crush it, and supply its place with those that would. Un- der the operation of this experiment." very probably the poor watch would run riot for while, its "circulation" would be vastly in- creased, and in short time, doubtless it would suspend" altogether. "Now then," our experimentor might ask, "what has be- come of your patent time-keeper! True, it worked very we'll for while, and as long as 1t was suffered to take its own course, with nothing to disturb it, it went regularly enough, and appeared we'll adapted to it's object but upon the least emergency, you see, it has proved entirely inadequate-a slight blow upon the balance-wheel has deranged the whole system, and the result of a fair trial is, G cun.Peete Gn1 totu1 fuiture! How much bet ter were the good old fashioned hour-glasses and sun-dials! They were never liable to get out of order-they required none of your new-fangled regulators and balance-wheels they depended not upon the laws of ma- chinery, but upon the laws of nature-they 1 were plain and simple, easily understood, and nobody was ever deceived by them. Now 1 then our duty is plain. It becomes us at once to set our faces against the whole mod ern scheme of time-keeping, and at once to return to the safe and sure system of hour- | glasses and sun-dials :"

 This is a fair illustration of the failure of \ the Banking system." And for those who have thus experimented upon the system, to l talk in this manner of its failure, shows a l height of impotence evidently resting upon "metallic basis,"-brains of lead, and faces | of brass. It is altogether another "experi- ment" which has so signally failed, and the l end will show it.-Haryord Courier.

 From the Hull (English) Chronicle.

 DreGdfM Loss of fLife.-It is our painful du- ty to announce most fatal and destructive accident which occurred on Wednesday morning in the harbour at Hull. The confu- sion which 1t occasioned rendered it almost impossible to collect any thing like detail- ca report, but, so far as we can ascertain, the circumstances are briefly as follows :-The Union am.packet, which plies between

 null and Galnsborough, was lying off the Jetty, taking Tn passengers for Gainsborough.

 About o'clock, all being on board, to the

 number of about seventy, the engineer pro- cceded to get up the steam, when, awful to relate, the boiler burst with such violence as to carry destruction and death to all around.

 Many of the unfortunate people on board

 were blown into the air with the fragments of the vessel, and, so far as could be ascer-

 tained, not less than fifty persons were either

 killed on the spot or dangerously wounded. The people who were congregated on the Jetty to witness the departure of the vessel,

 were also many of them seriously wounded

 with pieces of the boiler, which were sent

 with immense violence by the force of the

 steam. The report caused by the explosion

 was of the most frighttul nature, and was

 heard at most incredible distance from the

 place where the accident occurred. The

 vessel is complete wreck, and went down

 immediately alter the explosion.

 The Journal of Commerce has been mak-

 ing an estimate of the relative circulation of

 the Banks before, and on, or since the suspen- sion of specie payments, and founding the ta-

 ole upon what statements 1t could get at on

 the lst of January, it comes to the conclusion

 that, if in S34 Banks and branches, the re-

 duction of circulation has been $23,3Sl ,S3S,

 the reduction of circulation of all the Banks

 must amount to $5OOOO,OOO. The reduction

 of the circulation of gold and silver it esti- mates at 9. 5.OOO,OOO, which makes reduction ot SEVENTEENTH MILLIONS within the last six

 or nine months. Although with such dates

 as we can now get at, there must be much of guess-aoork in such table as this. with the conclusions drawn from it, yet it is correct

 enough to shew that there has been an enor- nous reduction of our circulation, which ac- counts of course for the stagnation of busi-

 ness, and the almost impossibility of cGshing property of any kind.-Erpress.

 A letter from Alabama says, "the crops in this country were never more promising, and If cotton brings 10 cents, the country will get on after all. UsurY is the very order of the