THE OLD WHITE LION.
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The New-York Star says :-" The plot thickens- As September approaches we have the development of the supendous project of plunder dhat is the prop word,) which is to be proposed to Congress is to take the peoples money from the control of the peo pie, and place in the hands of Blair; Kendall, Van Buren, Wright & Go. under the name of Govern ment Bank-to give to them the power and the right of disbursing milons-to make the Collectors of the Revenue, Receivers of public monies, Post Masters &c. &c agents of the Treasury to organize and per- feet system of fraud and corruption unknoUn hitherto to any Gouernmest on earth! Van Buren having des- troyed the Bank of the United States-having broke all the State Banks, and nearly bankrupted every merchant, is in favor of seizing upon the public revenues and using them for the perpetuaton of his own power and the benefit of the "spoils" party.- Abandoned and bold as such scheme is, he did not venture to broach 1t without the ndorsement of Gen. Jackson. Accordingly Blair was instructed to pro- cure the recommendation from the old White Lion, whom his own people of Tennessee have put into CO ventry at the Hermitage. Here it is.-

 HERMITAGE, fEasyaTT;l July %, 1887.

 My DEAR SIR II have just received the Globe of the 18th, and am pleased to discover from it, and oth papers, that the democracy are uniting upon the plan of separating the government from corporations of all kinds and to collect e reUenue, keep and dis purse t. 6y their otcn agents. This alone can secure OI by the State Banks. The revenue reduced to the re- al wants of the government, payable in gold silver coin, (no credts to be disbursed by the Government in gold and silver, will give us an undertaking metallic currency, prevent hereafter overtrading, and give prosperity to all branches of business; whilst the banks and the commercial community will be left to man. age their exchanges and all matters between them in their own way hope and trust that the aDhole de- aocracy o he phole Union .pin une in adopting these naeasures and the democracy of numbers will never have another contest with the arstocracy of the few

 

 ent rely to rule the country.

 hope no Treasury notes will be issued. The Treasury drafts upon actual deposite constitution al and do not partake of paper credits as Treasury notes, which subject to depreciation by the mer- chants and banks, and shavers and brokers and will be- if issued, and the government cannot avoid it, upon actual deposites, and from the conduct cf tue Bdnks and the MERCHANTS, THEY DESERVE NO FA- voRs FROM THE GOVERNMENT, which they have at- tempted to dsgrace and to destroy its credit both at home and abroad. It is the great working class that deserves protection from the frauds of the banks. We have only word more to say Let Van Bu- ren make that proposition to Congress-give him a clear fied-dont interfere or coax him from his pan His own party will make him smell sulphur or we are mistaken. The Fox has doubled once too often.' NEw-YoRK, August I2. The Sully from Havre, and the Europe from Liver pool, fill up short vacuum in European dates The cotton mar ket was advancing and there seemed to be dawning of a better state of things

 The intelligence from London by the Europe is de. cdedy favorable. There had been no recent failures either in London in the manufacturing districts and 1t asserted that the Banks have all escaped injury from the failures that had previously taken place. The serious decline in goods however, had affected the strength of many of the merchants to such de- gree that it will be considerable time before they re- cover their strength and vgor. The Bank of England had become more liberal in regard to American pa- per- and had discounted pretty freely where the secu- rity was undoubted. This had given considerable re- lief to class of bill holders that had previously suffer- ed much inconvenienee. Large amounts of specie had begun to reach England from the United States which had rather surprlsed them as the previous counts that had been received were of the gloomy trade were greatly relieved by system of fhypoheca- ting goods, on which loans had been made with the greatest facility This system had not only sustained the merchants but had prevented great sacrifices of tea indigo, and silks. Prices of these articles had, consequently, been well sustained.

 PENSACOLA, Florida, July g. TrGgical Occurrence.-On Saturday last a number quarrel arose. weapons were resorted to by several m each side and we regret to say resulted in the death of Arthur Macon, Esq and also Mr. Gleason the former by stab in the abdomen and the latteTby a e1lnsbot wound. Three brothers Messps Nathan | iel w, John and William Ii. Walker, and John M Haughton and James Howard, were all likewise se- verey wounded either by knives or gun or pistol shots The accounts of the cause and circumstances of this horrible affair contradictory that we cannot venture even to alude to them.