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HE WAY THEY PAY DEBTS AT THE SOUTH WEST.-A gentleman who was called short time since to examine the affairs of New York house, which has been largely en- gagged in the southern trade for sev- eral years, states that they had S300,000 due from the South, and had been unable to collect but very little oft. On looking over their books, correspondences, Sc, he found a letter from one of the agents of the house, then in -, Alabama, giving reasons in detail why he could collect nothing, and therefore had drawn on the house for money to pay his expenses. His letter ran something like this s-(alluding to merchants in that country:) A. owing you $30O0, sold out, put pro p % %doon-l-Ido. do., c. $6OO0, re- tfdsest to pay any thing.

 Another agent of this house writes from in Mississippi ,-on such a day called on A. in this place, introduced myselfas your agent He made no reply, but took the chair from under him, and knocked me down. Fortunately knowing what country was in, my pistols were loaded in my pockets, and thus l was protected. To crown this, A. then sits down and writes himself to the house, saying, he had tried to kill their agent, and it should be at the cost of the life of any person who ever came there to collect the debt These two cases are only specimens of a vol ume of letters received in relation to the debts justly due them from |, the South. In the meantime, the gentlemen composing the N. York houses are unable to pay their debts, or provide for their families, and their only remittances are these kind ofletters.

 eNeWpOrt Herald