27 JUNE 1840, Page 2

An arrival at Portsmouth from New York brings our American

intelligence down to the 5th instant. The Pennsylvania House of Representatives had passed a tax-bill, which, if agreed to by the Senate, would put 100,000 dollars per annum at the disposal of the Executive.

It was reported at Washington, that a party of Florida Indians had captured an American fort and massacred all within it. A flood or " freshet " had committed great ravages in Georgia and South Carolina, especially at Augusta ; where, it is said, "the city appeared as if standing in the midst of a vast sea of water ; the people were taken out of their houses by boats and horsemen ; boats capable of containing forty bales of cotton were floating through every street."

Commercial matters had not improved.