further, that this resolution shall not be so construed as to prohibit the superintendent of any missionary society from distributing aniong the preachers or physicians connected with his mission, in payment of their services, any goods or provisions sent him by said society.

Resolved, That it is expedient and proper to suppress, by law, the issue of individual or company tickets, or bills, to be circulated as a currency in the Colony of Liberia.

Resolved, That the power to provide a currency for the Colony of Libe ria, belongs properly and exclusively to this Board, and that this Board will, from time to time, provide a paper currency for the Colony, at all times redeemable in specie in Liberia, and that no other paper currency should at any time be tolerated. Adjourned to 9 o'clock, Friday morning, 22d inst.

Friday, 22d inst.-The Board met, according to adjournment. Hon. S. MASON, of Ohio, appeared and took his seat. The Board then passed the acts necessary to carry out the foregoing resolutions.

The Rev. WM. MCLAIN was appointed Editor of the African Repository and Colonial Journal.

The Board proceeded to the election of officers. S. WILKESON was appointed as a member of the Executive Committee, under the style and title of President of the Board of Directors, and Chairman of the Executive Committee. Messrs. W. W. SEATON, M. ST. CLAIR CLARKE, H. L. ELLSWORTH, HUDSON M. GARLAND, RICHARD S. Cox, and Dr. H. LINDSLY, were appointed the remaining members.

Rev. JOHN BRECKENRIDGE, D.D., was appointed Corresponding Secretary. P. THOMPSON, Esq., was re-elected Treasurer.

REPORT OF THE BOARD OF DIRECTORS OF THE AMERICAN COLONIZATION SOCIETY.

The Board of Directors, having considered the Executive Committee's report of their proceedings for the past year, which has been examined with care, present their congratulations to the Society and its patrons, on the general prosperity of the Colony, and the increasing interest manifested in the United States in its behalf. There is but one cause of pain manifesting itself in the operations of the Society during the last year, and that is the uncommon mortality which has prevailed among the last emigrants. This event, so unexpected and unusual, compared with preceding emigrations, is one of those unaccountable dispensations which, however we may lament, cannot defeat the great objects of the Society, and should only stimulate the Board of Directors and the Executive Committee to select a more healthy site in the interior, at which emigrants may pass through the acclimating fever.

Among other interesting matters contained in the report of the Executive Committee, it will be found,

First, the receipts of the Society have amounted, during the last year, to $62,526 91, being $11,074 33 more than was received during any one preceding year, thus furnishing conclusive proof of the increasing interest felt by a benevolent community in the objects and operations of the Society.

Second, old creditors have received $8,757 42 of their debts, leaving the balance due $16,500, which it is hoped the means of the Society will be able to discharge in the course of the year.

Third, all new engagements have been punctually met.

Fourth, regulations heretofore adopted, to secure economy and accountability in all the departments and operations of the Society, continue to have the most beneficial effect.

Fifth, the premiums provided and distributed for agricultural labor have had the most beneficial influence upon the Colonists, exciting among them a spirit of emulation and greater industry.

Sixth, a gradual increase in the quantity of cultivated land, the improvements in the houses, and other things calculated to cheapen the means of subsistence, to diminish diseases resulting from exposure, and to render life more comfortable in every respect, are indubitable manifestations of the progress of the Colony.

Seventh, the plan of pushing a public highway into the interior, so as to reach the mountains, has not been abandoned, but will be prosecuted with increased energy, with a view to the location of settlements in more healthy sites, and facilitating commerce with the native tribes.

Eighth, the Government of the United States continues to extend its power and protection to the Colony, through its operations to suppress the Slave Trade.

Ninth, the port of Monrovia annually increases in importance, as a point at which vessels touch to procure supplies.

Tenth, the Executive Committee has discharged its various duties in a manner satisfactory to the Board, and the thanks of the Board are tendered to the members of the Executive Committee.

The present condition of the affairs of the Society, as collected from the Report of the Executive Committee, and other sources of information, furnishes the strongest ground of hope and confidence in the ultimate accomplishment of all that the founders of the Society intended, to-wit. to secure an asylum for the negroes of America, and to extend civilization and Christianity to those of Africa. Under this glorious prospect, the Board again throws the cause of the Society upon the benevolent efforts of the philanthropist and Christian.

(Signed,) S. WILKESON, JOSEPH R. UNDERWOOD, G. W. BETHUNE, J. COLWELL, J. B. PINNEY, THOS. E. BOND, ANSON G. PHELPS, L. BACON, J. GARLAND, S. MASON, JOHN W. ALLEN.

The Board, after a protracted and laborious session, during which the various important interests of the Society, both in this country and Africa, were examined, adjourned at 10 o'clock, on Friday evening.

WE beg the attention of our readers, in the South and South-west, to the notice that an expedition will sail from New Orleans in April or May next. We hope all our exchange papers will insert this notice.

Let the emigrants on all the tributaries of the Mississippi be ready at that time; and, let the patrons of the Society remember, that the expedition just sailed, has drained our treasury. Our funds, then, must be increased, and that immediately. Let all our agents redouble their diligence, as we are doing in this office, to raise money. It will require every possible exertion to provide the means to send off the contemplated expedition.

RECEIPTS OF THE AMERICAN COLONIZATION SOCIETY, AND EXPENDITURES, FROM JANUARY 21, 1840, TO JAN. 19, 1841.

Do.

do.

$1,088 16 4,481 96

681 00

Receipts for general average of ship Saluda,

Receipts for Interest and Exchange,

Paid Interest and Discount,

Published semi-monthly, at $1 50 in advance, when sent by mail, or $2 00 if not paid till after the expiration of six months, or when delivered to subscribers in cities.

AFRICAN TRADE.

WE desire to call the attention of our readers to the article in the present number in relation to the African trade. We are rejoiced that the subject of our commerce with Africa is beginning to claim the public attention, and to call forth the power of the public press. It has long been known to a few enterprising men, that this trade was immensely valuable. To carry it on they have been willing to run the hazard of being caught and plundered by the slavers on the coast, or of being seized and condemned under false pretences, by the men-ofwar of a rival country, eager to grasp and monopolize that trade. Under all these disadvantages, and amid all these opposing dangers, the trade has been profitable. What then would it be, if the the slavers were driven from the coast, if our merchantmen were protected by the presence of our men-of-war, and if the children of Africa were kept at home, and taught to cultivate the soil, engage in useful industry, and open to us the vast resources of the country? We are altogether wrong in our calculations if it would not be for the pecuniary interest of our citizens on the sea-board to take up the plans of the Colonization Society, and prosecute them with the same zeal, energy, and liberality, that they do their own private business, or their works of public improvement. Every dollar that they spend in strengthening the colony of Liberia--in removing there the free people of color from our own country, where they are a public tax, and in establishing regular lines of communication between the two countries, will return rich laden into their coffers, in a very short time, having cheered and blessed multitudes in its journey.

We have no hesitation in appealing thus to the self-interest of our citizens to support and carry out the plans of the American Colonization Society. They may enjoy the fulfilment in this life, of the great principle of charity" cast thy bread upon the waters and it shall return after many days?" If they are disposed to engage in this work with the right motives, their bread shall feed multitudes as it floats upon the waters, and shall return greatly increased in quantity.

It will not be long till some country shall gather rich gain from the forests and the mines, the Elephants and the soil of Africa. The nations are beginning to understand this fact, and are taking incipient

measures to make the jewel theirs. The field of competition is fairly open, and there will doubtless be a struggle for the prize. But there Is no nation that possesses such advantages as ours. We have the wherewithal to do good to Africa on the broadest scale. We have on foot a plan of benevolence adequate to her wants. We have in our country enough of her own children, with intelligence and enterprise enough, to carry her the principles of civil government and the institutions of christianity, and to exert a controlling influence along her entire sea-board, and on the banks of all her navigable rivers. We also have wealth enough to transport them there and render them comfortable and happy in their new abode. This done, we have a hold on them, and on all over whom they have an influence, which can never be broken. It will ever be their interest to pour into this country the tide of their commerce. We can take their raw material and return it to them better manufactured and cheaper than any other country,while our country abounds in all the articles necessary for their use and deficient in their own country.

SLAVE TRADE SANCTIONED BY THE KING OF GREECE.-The Malta Times, of the 5th instant, in giving the details of a case transporting slaves on board a Greek vessel, speaks of the fact of Greek vessels being employed in the Slave Trade as of an every day occurrence, of which no one could be ignorant. This has led to inquiries here; and it appears certain that King Отно has been fully aware of it for about two years, and that he has been, and still remains deaf to the remonstrances of his Ministers, and that he positively will not do any thing to put a stop to it, or allow the law to be carried into effect against the offenders, who land their cargoes under the windows of his consuls in Turkey, who never fail to report the circumstances. Nothing but publicity will have the effect of putting an end to this infamous traffic, carried on under the flag of regenerated Greece.

And is this from the land of the ancient Greeks! and Orno, the king of that country, that a few days ago appealed to the world to aid her in a death struggle for liberty, and the elevation of her down-trodden citizens? Surely it cannot be! or if it can, then must we say, "how are the mighty fallen!" How is the glory of Greece departed!

But we trust that a day of brighter promise will come to that land. The insulted ashes of her heroes and her patriots must soon arise ! Her stained glory and her fallen crest, will not long bear the indignity of her reiguing, but grovelling king. Hasten, oh the day of her redemption! Speak mightily, thou echo of the story of her glory! Thunder in the tyrant's ears! Her children must not only be free themselves! They must frown on that cursed traffic under which Africa groans and at which all the sympathies of human nature revolt. Speed thee, thou guardian spirit of Liberia; hover where the tyrant sits in cold blood enthroned, nor lifts a hand to shelter thy brethren and kindred from the horrors of death! Tell in his ear what sacrifices it has cost to plant the standard of liberty on the shores of Africa! Tell him how much his help is needed in the work of civil and moral renovation. Shame him for the indignity he has donethe disgrace he has heaped on his ancestors:-and make him in anticipation, feel the curse which his own posterity will pour upon his head!