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| y1Re1s1A.-The Legislature OF Virginia met at
Richmond on the 5;b inst MIR. HoLLEaAs was


re-elsc,ed Speaker of the House, no nooPpositon be-


He received sc votes, MIR. Crutchheld


~ "a Mr.. Watts IL. In the Senate, CHARLES
/ Husros, Esq. was unanimously eieetea speaker


Ths Message of Governor GREGORY is model FOR


brevi,v, occupying but little more than two columns


of the Richmond Wing. The State, ne says, is
greatly in debt, and the whole Country in embar-


rassment The cause of State financial difficulties


he finds in the unregulated mania for Internal I'm
provements which has prevailed for some years
past, and in the fact that the interest on her debts
is certain to be called for when due, whereas the
funds in her hands are almost or wholly unpre-
ductive The creation Of Joint Stock Companies
by the different States has occasoned great diff
Guilty, in the Governors opinion; and he declares
that the Bankrupt Law, passed by Congress, hes
completed the ruin of every thing like confidence
cided dsapproval since, he says there never has
been, and there never can be, any legislation de-
vised by which individual debts can be paid" The
only remedy which he has been able to devise tor
the existing depression in financial matters is an
increase of tazes The receipts from taxes are
now $3.50 900, and the demands upon the Trea-
sury will not be more than $95OO00; and a loan
of S40o, 900 is recommended to supply deficiencies,
and to pay interest on loan already effected
slight increase in the amount of taxation he thinks,
will sustain the credit and pay off the debt OF the
State; and he thinks when once they are clear,
thew will run in debt no more.


The Governor has received letter from the
Treasury Department at Washington, announcing
that the sum of $37 900 awaits the order of the
state-being her portion of the distribution fund.
He saws he has done nothing about it, but leaves
it to the disposal Of the Legislature. Of the law
subiecting vessels from this State to search, &C.,
the Message speaks as follows:-


"Ths law, so far, doubt not, has been pro-
ductive of good, as have not heard OF the slight
est spicon being entertained by any one, that d
slave has been carried away by northern vessel,
since it went into operation. regret much the
necessity for this law any similar one, but 1t was
forced on us as the only peaceable means OF pro-
tecting our property against the depredations OF
the foolish and mad abolitionist. Unless some
thing speedily be done by the great body of our
northern brethren to arrest the mischievous de-
signs of these fanatics, it will become question
for the whole South to consider, whether they will
longer continue in union with people who are
resorting to every art and device they can to rob
them of their property.


The South, we believe, has for a long time talk
ed about considering that question.