The New Hampshire Gazette

The above must be the 'twister' the Journal 'wood-sawyer' expected.

The Portsmouth Memorial.—We refer our readers to the debate published in another column on the presenting of the federal memorial from this town in the U. S. Senate by Mr. Senator Bell. The Portsmouth Journal has given a very limited account of this matter, and seems quite in a rage either with Mr. Hill or the person who furnished him with the true political character of the memorialists. It says :

"The memorialists owe it to themselves, and to the character of the town to take immediate measures for having the whole matter set right."

Well what should be done towards setting the matter right? We neither know nor care who the letter writer is, but we know he has told some truths, and what he has said in regard to things not directly within our knowledge we may reasonably suppose to be facts. First, then. the notice on the Brick Market—this is true—we saw it. Secondly, the invitation was "without distinction of party"—true again. Thirdly, he is persuaded that the name of a single friend of the administration will not be found on the paper. Does any one doubt this? If there be any such name, let us know who it is. Fourthly, he thinks there is no unusual embarrassment for the want of money, except among those who have "unwarrantably extended their business upon borrowed capital." With perhaps the exception of those connected with such persons, we should think this was not far from the fact. Fifthly. "Every thing here commands a high price." This is a truth somewhat to our sorrow. Turkeys 14 cents a pound and chickens 12 1-2, and pork at 8 and nine cents! Sixthly. "The Agriculturalists feel no pressure." We should think not, at such prices! Seventhly, he speaks of the corrupt and corrupting and shameful management of the banks which prevents the merchant's doing as well as the agriculturalist. and says "most of the local banks in this town sympathize strongly in politics with Mr. Biddle's bank and its branches." Were it not for this strong political sympathy, does any one doubt that by the combination of the local banks in this town and vicinity, money might, in twenty-four hours, be made as plenty as the wants of business require?

Mr. Hill too has stated some facts and probabilities, which we suppose are somewhat unwelcome to the memorialists. We have not seen the memorial, but think the statements made by Mr. Hill in relation to the names, are highly probable. We do not believe that one half of the petitioners would have interested themselves in the subject were it not from political motives.

There is one fact stated by Mr Hill, on which we wish to make a remark. That in the month of January last past, the discounts of the Bank in this town, were reduced from $895,053 to 362,378, making a contraction of more than a thousand dollars a day. Yet this is the Bank which the Journal says has done all it could to relieve the pressure,and if we mistake not, stated that it had within two months past loaned more than a hundred and fifty thousand dollars, besides renewing old notes. How does this compare with their returns, from which, doubtless Mr. Hill took his minutes?

POT HOUSES.—Mr. Senator Bell, after presenting the federal memorial from Portsmouth, apologised for the small number of signers, by saying that "they did not go to pot houses to get signatures!" Perhaps Mr. B. is not acquainted with the fact, that the party who got up that memorial, converted the Court House into a "Pot House" on the day for the election of Electors of President in 1828.