minished. The deranged state of the currency, (created in a great measure by the extensive circulation of the bills of the non-specie paying banks) has operated very oppressively and injuriously upon the specie paying institutions;-for while a portion only of the banks of the State furnish coin for their bills, those banks must necessarily be called upon to redeem their bills in coin or exchange on the north, its equivalent; and the suspended banks being allowed to enjoy perfect immunity from such demands, their bills must constitute the currency, to the ultimate injury of the commerce of the country and the probable loss of the public. As an illustration. I subjoin hereto a table containing a statement of the circulation, profits and specie of this bank and its Branches at the settlements in April and October 1840, and in April and October, 1841, from which it will be seen, that while the general circulation in April, 1810 was $953,532, the profits for the previous six months were $77,555, and the amount of specie $266,982. At the settlement in October, instant, the general circulation was only $288,122, the profits $32,749, and the specie $200,956. A diminution in circulation and profits so disastrous, as only to find consolation in the fact of the continued sound condition of the bank, and in the gratification of having firmly and steadily discharged the obligations alike due to the stockholders and the community.

Also, the amount of Specie on hand at each semi-annual settlement in April and October, 1840, und April and October, 1841; the notes in circulation, and the nett profits made The following is a Statement showing during each six months.

the amount of Capital Stock used at the Bank of the State of Georgia in Savannah, and the amount assigned to and used at each Branch.

NETT PROFITS.

BILLS IN CIRCULATION.

October 14th, 1841.

One of the most intelligent anthracite furnace proprietors in Pennsylvania has assured me he shall pursue this course, Leaving outstanding the sum of.................... $1,756,611 89 and I have no doubt it will be productive of much benefit Issued under the act of Feb. 1841, viz.

Aggregate outstanding on the 1st instant... $7,371,705 79 to 400,000 casks, producing about half a million of dollars,

PENNSYLVANIA ELECTIONS.

Below is presented a Table showing the vote for Governor, between Porter and Ritner, in 1838-the vote for President, in 1840—and the official result in 1841, as contained in the certified copies on file at the Office of the Secretary of the Commonwealth, Harrisburg.

Redeemed of those issues

$26,681,337 53
24,924,725 64

I have had no experience in its conversion by the process ordinarily used in Pennsylvania by means of charcoal as fuel, but I have been informed by an intelligent iron master, who has tried the experiment, that the anthracite pig produced by the Lehigh Crane Iron Co. yielded a first rate quality of bar Iron by that process.

There is no doubt a great prejudice existing among iron masters with regard to the employment of anthracite pig iron in their forges, this I think time will overcome, and I would suggest to the smelters of anthracite in Pennsylvania whether as a matter of policy it would not be advisable for them to convert their more inferior sorts of pig iron, into plate or refined metal, and sell it to the forges in that state; this, although it has not yet been done entirely with anthracite as fuel, can I believe be effected or certainly by a mixture of charcoal and anthracite. By pursuing this course, a much better article will be produced at no great extra expense, their furnace may be more heavily burdened so as to produce the utmost quantity of pig iron possible for refining, and probably at more profit than running with lighter burdens for grey iron-and its advantages to all puddling establishments would be great, as the labor of puddling pig iron, particularly in hot weather, is excessive, the plate iron can be more easily converted in greater quantities, and with less fuel, and the wages for conversion would be reduced in proportion.

One of the most intelligent anthracite furnace proprietors in Pennsylvania has assured me he shall pursue this course, Leaving outstanding the sum of........ $1,756,611 89 and I have no doubt it will be productive of much benefit Issued under the act of Feb. 1841, viz. and profit both to himself and the forge owners purchasing the refined metal.

Prior to the 4th of March... $673,681 32

Since the 4th of March.....

Making

..5,349,165 58

..6,022,846 90

A Portland paper states that the quantities of Lime annually exported from Thomaston in that State alone, amount

Aggregate outstanding on the 1st instant... $7,371,705 79 to 400,000 casks, producing about half a million of dollars,

I notice in the United States Gazette of 22d instant, a communication signed "A Subscriber" requesting information on the subject of anthracite pig iron, and whether its conversion into malleable iron has been effected without extra expense sufficient to render the manufacture unprofitable.

After having worked nearly 500 tons of the various sorts of anthracite pig iron, smelted in Pennsylvania and New Jersey, I feel myself fully competent to give an opinion on the subject, and would state that I have converted the above amount of iron into good sheet iron, rods, &c. &c. with but trifling extra expense, if any when compared with the ordinary brands of charcoal pig iron.

I would not be understood to say, that anthracite pig iron is fully equal in quality to the very best brands of charcoal pig iron for conversion into malleable iron, but, much of the anthracite iron which I have tried, has proved greatly superior in quality to the ordinary sorts of charcoal pig iron, and was converted into the malleable state at about the same cost. I find too that its conversion is generally more rapid and consequently attended with rather less consumption of fuel than charcoal iron.

I have reference now to its conversion by the ordinary process of puddling with anthracite coal as fuel, but by the boiling process (as it is termed,) I have with the same kind of fuel in a properly constructed furnace, converted the poorest No. 3 anthracite pig iron into the most superior quality of chain iron at an extra expense of $5 a $6 per ton when compared with the very best charcoal pig iron. With reference to the waste, I find it in the best sorts of anthracite iron to differ but little from charcoal pig.