Newspaper Page Text
Sfe Jtonu'Ckuntir
Rome, Floyd County, Gj
5 issued
The Weekly Cocrier
EVERY WEDNESDAY MORNING,
Ai No. 23 Broad Street.
M. Purnell Editor and Proprietor
B. F. Sawyer..... Associate Editor.
WEDNESDAY MORNING, SEPT. 24
Terrible Itain Storm in South Carolina.
Our South Carolina exchanges conic
to us laden with the calamities of the
recent rain storm between Augusta and
Charleston. The damage was
mense, with Considerable loss of human
life.
Why Can’t They do it!
Savannah and Charleston and Nor
folk now have a golden opportunity to
grasp the control of the cotton trade.
The financial confusion in New York
has upset the cotton market there: let
these Southern cities arrange at once
with Liverpool to take every bale that
is offered, and thus inaugurate a direct
trade that will build themselves up
and save millions to the South.
Sensible.
We rejoice, as a sincere friend in the
good sense of the Atlanta Herald, in
stopping its special engine over the
Macon road, and appropriating the
money to the matter and body of the
paper. Its proprietors and editors have
the vim and the stamina to make a
good paper; and if they will only di
rect their efforts to that end, and let
such extraneous tomfoolery as special
railroading alone, they are bound to
succeed. We wish them success.
Huge Defalcation.
The bursting of the financial bubble:
up North show of what nauseous ele
ments the gasses arc constituted.
Among the other shining particles
floats one Carlton, the secretary and
general manager of the Union Trust
Company, who turns up as a defaulter
to the amount of §500,000.
New York, September 20.—Carlton,
the defaulting secretary of the Union
Trust Company, had made loans to
friends and relatives on securities which
are regarded as doubtful, among them
one loan of twenty thousand to his fa
ther, Rev. Dr. Carlton, of Methodist
Book Concern notoriety. The security
on one loan is good ; others are of no
value. Carlton has had almost the en
tire management of this great financial
institution.
Tile .Money Panic.
The failure of Jay Cooke A Co. has
created a panic in the great money
centre, that threatens to completely
demolish everything. These failures
are the legitimate sequence of the
mushroom system of financiering which
has obtained in this country ever since
the war.
The country is cursed with this sys
tem—there is no solid prosperity in the
land, nor can there bo until people
learn to establish standard values, and
to content themselves with small and
legitimate dividends. The people are
wild on the subject of large dividends.
Unless an enterprise promises twenty
per cent, dividends, no one cares to
touch it. These dividends are unnatu
ral, and cannot lie made in a healthy
state of prosperity. They depend upon
fictitious demands and inflated values.
It only requires a prick to burst the
bubble, and the sooner it is burst the
better. When men arc content with
six per cent, dividends we may expect
legitimate enterprise to flourish ; but
when they grasp after twenty per cents
they must launch out into a wild spec
ulation. Under the present system we
have no standard value of property—
no man knows what lie is worth.
There is too great a margin between
buying and selling prices. A man may
have property really wortli 820,OuO, but
if put on the market and forced to sell
it would not realize 85000. Hence it is
that there is sucli a panic in the money
markets. There is no standard value
to their securities. Stocks which yes
terday gave them a large excess, leave
them to-day millions in arrears. It is
a grand tumble, an overwhirling crash;
but it is just such a craslt as is sure to
overwhelm the house that is built upon
quicksand.
Financial Crisis!
New York, Sept 20.—Wall street
was crowded at an earl}- hour to-day, but
there was less solicitude, however; and
a resolution of the banks sustaining
each other, and the sale of ten million
bonds by the United States treasury,
tend to nerve matter.
London, Sept 20.—Members of the
firm of Jay Cooke & Co., coming on the
Russia, are expected to reach here Mon
day when a reliable statement of the
affairsofihe house will probably
presented to the public.
New York, Sept. 20.—Saxe & Rogers
New York National Bank of Common
wealth, York, Quassig <fc Fisher, P: M
im " Meyers, Miller & Walsh, Lawrence
Josephs, Fearing & Dillenger, Brown
Wadsworth & Co.
Dr. Miller, a noted physician of this
city, is dead.
The Freedmens’ Saving Bank has
paid out $G5,000. The officers declare
themselves well fortified. As is usual
on Saturday afternoons, there isa crowd
about the hank.
New York. Sept. 20.—Presidents of
the national hanks held an informal
meeting, and resolved to support each
other, and disregard the reserve instruc
tions in to-day's dealings.
Tlie Stock Exchange lias closed, sub
ject to call of the President, to enable
the members to settle the defalcation of
tlie Union Trust Company.
President Chapman, of tlie Stock Ex
change, forbids outside operations by
tlie members, upon penalty of expul
sion.
Failures — Union Trust Company,
New York; Union Banking Company,
Philadelphia; A. B. White & Co., New
York; E. C. Broadhoad, New York
Kctclium ct Belknap, New York.
Philadelphia, Sept. 20.—It is ru
luored that tlie Union Banking House
has suspended.
Albany, Sept. 20.—It is rumored that
Squires & Sons have suspended
The bank of Nortli America lias sus
pended.
Washington, Sept. 20.—A. G. Cattcll.
agent of the syndicate at London, tele
graphs Secretary Richardson that their
accounts are all in perfect order.
New York, Sept. 20.—Tlie bank
presidents, at their meeting this after
noon, passed a resolution to issue im
mediately, ten million in loan certifi
cates.
There is much difference in the
amounts of tlie defalcation of Carlton.
Secretary of tlie Union Trust Company,
tlie figures given ranging all tlie way
from 8250,000 to 8500,000. The insti
tution sold 100,000 bonds to the gov
ernment to-day, which places it in funds
for next week, and it has also over
S200,000 call loans, which have been
called, and this money will also be
available next week. The fact that
checks of some of the hanks have been
thrown out of the clearing house does
not necessitate their failure in the pres
ent deranged condition of affairs.
Tlie officers of Banks and Clearing
House Associations at their meeting
this evening, unanimously resolved
that until the 1st of November any bank
in tlie clearing house who shall issue to
that bank certificates to the amount of
5 per cent, in cash value of such assets,
and that such certificates shall be ac
cepted in settlement of clearing house
difference in place ofiegal tender notes.
They further resolved to pool all their
legal tender notes, and make common
Big ended parasols are likely to con
tinue in favor with the ladies, since
■bn they afford such a convenient stopper
for their mouths when they would look
innocently wise. It is so charming to
sec a simpering miss sucking one
these big ended things, and looking
such brilliant things from her eyes.
Henry D. Cooke, the brother and
partner of Jay Cooke, whose failure has
set the financial blocks to toppling,
was the Governor of the District of Co
lumbia, and a special pot of General
Grant. They—Jay and Henry D. Cooke
—were among the original corporation
of the National Freedmen’s Savings
bank. Depositors in tlie Washington
branch, of which Henry D. was a di
rector, naturally took alarm when Mr.
Cooke shut the door of his First Nation
al bank of Washington, simultaneously
with closng of the New York house.
The Washington Savings bank was
the creature of Shepherd’s corrupt ring
that rules and robs the District, and
Shepherd had been for three years in
timate, officially and personally, with
Henry D. Cooke.
A special dispatch of the lStli referr
ing to the suspension of the First Na
tional of Washington, says:
“ The National hank, of which Hen
ry D. Cooke is president, has suspended
and closed its doors. The hank is a
national depository, and tlie govern
ment money issued to disbursing offi
cers and paymasters was deposited
there. It is stated to be a very large
amount.”
The Augusta Cotton Pool.
•* It is known to most of our readers,
that some eight months since there was
made up in Augusta a pool of 81740,
to be paid to the person who should
make the nearest guess to the cotton
crop of 1872.
The crop, as now reported by the
Commercial and Financial Chronicle, was
3,930,508 bales. Mr. C. B. Bacon, of
Augusta, made the nearest estimate, he
putting the crop at 3,931,227 bales, or
7C9 more than the actual count.
cause against any attempt to break any
of their issue. These certificates will
be carried to the extent of the full assets
of the banks, if necessary. The practi
cal effect of the issue will be to econo
mize the use of the legal tender notes
these certificates taking their place.
It is an expansion of bank credits
and facilities, hut not of irredeemable
paper. The hanks to which the loan
certificates may bo issued will lie
charged in addition to seven per cent,
interest, one quarter of one per cent, to
defray the expenses consequent on
carrying out this plan.
A member of the government com
mittee of stock exchange, when ques
tioned this evening, in regard to the
closing says that the banks have began
to refuse each others checks ancl it was
useless to attempt a continuance of
business under such circumstances.
Under tlie rules every member of the
Stock Exchange was obliged to rocog-
nize any certified check upon any bank
in the clearing house, but affairs were
in such a state that a man who deposit
ed a certified check and drew against
it, did not know how he was standing.
The members of the governing com
mittee met at 11 o’clock and unani
mously resolved upon the closing of
tlie Exchange by 11:50.
Tlie day closed with a better feeling
among the banks and with a belief
that affairs will mend early next week.
The closing of the Stock Exchange is
generally applauded, and the opinion
i3 expressed that the governing com
mittee should, after making some ar
rangement for a settlement among bro
kers of contracts falling, due to-day and
Monday, keep the Exchange closed for
a few days.
Prices or Pig Iron.
The following are the prices quoted
in the Pittsburgli Iron World, Septem
ber 16:
Red shorts are in demand, and good
neutrals salable.
We quote charcoal irons at S46 to 50
for hot blast, and cold blast at 800 to 65.
Blooms range from 895 to 110, accord
ing to quality.
The following are our present quota
tions for anthracite: No. 1 foundry,
840; No. 2 foundry, 836 to 37 to 38;
red forge short, 833 to 34; neutral forge,
833 to 34; silvery, 30.
To the Penitentiary.—At the fall
term of the Circuit Court, Jas. W.
Junior, Scott Maxwell and Geo. Davis
were sentenced for two years, for bur
glary. Also, A. M. Partin was sen
tenced to ten months’ hard labor for
tlie county, for larceny. A few more
examples like these will probably stop
a good deal of devilment in this sec
tion. We think so \—Cherokee (Ala.')
Advertiser.
There is a time for all things,
time to leave is when a young
asks you what kind of a day it is for
walking.
The
lady
‘You
It was Dean Swift who said :\
see what God thinks of riches, since
he bestows them upon the meanest
mankind.”
Death of Gen. E. S. McCgolt.
E. S. McCook, a sort of half-handed
Federal brigadier general, was killed in
a billiard room broil at Yankton, Daco-
tali Territory, on tlie 12th, by a banker
named Wintermute, to whom McCook
had just given a sound thrashing.
The affair creates a loil sensation, and
the bully will doubtless he held up as
a martyr, and Wintermute a cowardly
assassin.
The Worcester, Massachusetts, Con
vention. which didn’t nominate Butler,
passed a resolution to the effect that
“ no person holding a public office has
a right to seek to influence the action
of his subordinates by exciting their
fear of loss of place if their opinions
and notions shall differ from his own.’
They further called on the President
to remove all public officers who have
improperly interferred with the inde
pendence of tlie Republicans of Massa
chusetts in the unmanagement of their
local concerns, whenever the fact is
proved to his satisfaction.
This strikes us as fiat burglary, and
the worst kind of disloyalty beside.
Still it does not appear that there is
much danger of Crcsarism when a par
ty convention thus plainly rebukes it’s
own chieftain.
Tlie most remarkable sale of short
horn cattle ever made took place at
Utica. N. Y., on Wednesday. One
hundred and eleven head of eattle ;
comprising the celebrated New York
Mills herd, the property of tlie Hon.
Samuel Campbell, were sold at auction
for an aggregate sum of 83S0,890.
The Eighth Duchess of Geneva
brought tlie startling price of 840,000.
The Tenth Duchess of Geneva sold for
835,000, and 830,600 was given for tlie
First Duchess of Oneida. The average
price paid for ten of the Duchess tribe
was S21,700 each.
This herd was beyond question the
most valuable ever got together, and its
sale attracted fancy stock breeders from
every part of this country as well as
from Europe. The three highest prices
were paid by Englishmen.
A Sensible View of ilie Maine Liquor Law.
Ex-Mayor Gaston, in a letter formal
ly accepting the Democratic nomina
tion for Governor of Massachusetts,
thus alludes to the jirohibitory liquor
law:
“ At a time when tho State is suffer-
ig reproach for a partial and dishon
est enforcement of some of its laws, it
becomes our immediate duty to seek
to execute such laws with honesty and
impartiality and to repeal such statutes
as cannot he thus enforced.
“ An experience of twenty years
under what are known as prohibitory
laws has proved that they cannot ac
complish tlie good and beneficial pur
poses for which they were enacted.
They have not diminished the evils
which the} - were designed.to destroy,
but they have brought with them, or
attempts to enforce them, a train of at
tendant evils which have disgraced tlie
administration of justice, and have
tended to corrupt public morals.
Some other method of promoting,
by legislation, tlie cause of temperance
should at least he tried. This cause is
too high and noble in its character and
in its purpose to attempt to borrow any
aid from injustice,'partiality or corrup
tion.”
The Yellow Fever.
Memphis, Sept. 15.—There were four
teen interments yesterday. Several
deaths are reported in the southern
part of the city. Many persons arc
leaving the city.
Shreveport, Sept. 15.—The disease
is genuine yellow fever. Tlie sudden
change in the weather is unfavorable.
There is great need of nurses and
money. Five hundred are sick with
the disease. One hundred and forty-
six have died. Howard Association
have assurances that nurses, doctors
and druggists are coming from New
Orleans. Twenty-four whites died yes
terday.
Later.—There are six hundred down
with the fever.
Memphis, Sept. 15.—Wild rumors
are afloat in regard to the yellow fever.
The trains are crowded with people fly
ing from the scenes of the scourge. De
tails unobtainable, hut it is certain that
the disease is spreading in the city.
Two undertakers report 12 interments
—9 from yellow fever.
High Prices for Cattle.
In another paragraph we notice tlie
sale of cattle in New York. The prices
were almost fabulous. The following
particulars of the sale will be of inter
est to our readers:
At tlie large sale of improved cattle
near Utica, N. Y., on the 10tli inst., the
following named cows brought the high
est prices:
Eighth Duclicss of Geneva, red and
liite; calved July 28, 1866; got by
third Lord Oxford; dam first Duchess
of Geneva by second Grand Duke, sev
enty-first Duchess by Duke of Gloster,
sixty-sixth Duchess by fourth Duke of
York, fifty-fifth Duchess by fourth
Duke of Northumberland, thirty-eighth
Duchess by Norfolk, thirty-third Duch
ess by Belvedere, nineteenth Duchess
second Hubhack, twelfth Duchess
the Earl, fourth Duchess by second
Kctton, first Duchess by Comet, Duch
ess by Favorite, by Daisy Bull, by Fa-
hy
by
vorite, by Hubback, by J. Brown’s Red
Bull; sold at 840,600.
Tenth Duchess of Geneva, rpon;
calved May 15, 1867; got by second
Duke of Geneva, dam fifth Duchess of
Geneva, by Grand Duke of Oxford;
sold at S35,000.
Tenth Duchess of Oneida, red and
white; calved April 7, 1873; got by
second Duke of Oneida; dam eighth
Duchess of Geneva, by third Lord"Ox-
ford; sold at 827,000. /
Third Duchess of Oneida,' roan;
calved March 19, 1871; got by fourth
Duke of Geneva; dam eighth Duchess
of Thomdale, by third Duke of Airdrie;
sold at S15,600.
Thirteenth Duchess of Thomdale,
red; calved February 25,1867; gbit by
tenth Duke of Thomdale; dam tenth
Duchess of Thomdale, by second Grand
Duke; sold for 815,000.
Eighth Duchess of Oneida, roan;
calved November 18, 1872; got by
fourth Duke of Geneva; dam tenth
Duchess of Geneva, by second Duke of
Geneva ; sold for 810,000.
Ninth Duchess of Oneida, roan;
calved March 2, 1873; got by second
Duke of Oneida; dam twelfth Duchess
of Thomdale, by sixth Duke of Thom-
dale; price obtained 810,000. -
Seventh Duchess of Oneida, red and
white; calved August 3,1872; got by
second Duke of Oneida; dam first
Duchess of Oneida, by tenth Duke of
Thomdale; price 819,000.
Twelfth Maid of Oxford, richtroan;
calved October 18,1872; got by fourth
Duke of Geneva; dam second Maid of
Oxford, by Grand Duke of Oxford;
price 86000.
Twelfth Lady Oxford, red and white;
calved December 15,1869; got bJHcnth
Duke of Thomdale, dam seventh Lady
of Oxford, by sixth Duke of Thomdale;
price 87000.
First Duchess of Oneida, red and
white; calved January 24, 1870; got
Tlie Notorious John Long Arrested.
From our Cedar Grove horrespodent
we learn that the notorious John Long,
who recently brutally murdered Blevin
Taylor, and who lias so long been a
terror to the good , citizens of Walker
county, has been arrested, N and is now
in jail.
The arrest was made by Sheriff
Strange, who displayed a praiseworthy
zeal in the matter. He Summoned a
posse, and -drove the woods for his
game, like a party of huntsmen driving
for deer. Long was in company with
Sam Roberts, another desperate charac
ter, and together they were driven from
cliff to cliff in the Lookout Mountains,
until finally Long, seeing no chance of
escape, stopped in his flight and sur
rendered himself.
Roberts was wounded by a shot from
the party, but is still in the mountains,
though closely pusued. There are
some fifty well armed men after him,
and it is almost certain that he will be
caught, and the band of outlaws, of
which he and Long are the heads, will
be broken up.
by tenth Duke of Thomdale; dam
eighth Duchess of Geneva, by'third
Lord Oxford; price 830,000.
Fourth Duchess of Oneida, red;
calved January 17,1872; got by fourth
Duke of Geneva; dam thirteenthjluch-
ess of Thomdale, by tenth Duke of
Thomdale; price 825,000.
Third Countess of Oxford, red; calved
July 3,1871; got by Baron of Oxford;
clam second Countess of Oxford, by
second Duke of Geneva; price 89100.
Second Maid of Oxford, roan; calved
October 22,1862; got by Grand Duke
of Oxford; dam Oxford twentieth by
Marquis of Carrabas; price 86000.
Lady Knightly, roan; calved July 28,
1871; got by second DukeofTregunter;
dam Lady Knightly, second by third
Duke of Geneva; price 85000.
The Utica Observer of the 11th inst.
contains the following reference to the
above sale:
The sale of Hon. Samuel Campbell’s
unequalled herd of thoroughbred short
hom cattle, which took place at New
York Mills, two miles from Utica, yes
terday afternoon, wiU attract attention
and provoke discussion throughout the
world. It was the most i mportant sale
of the kind ever held. It drew hither
a number of English stock breeders and
numerous representatives fwa-Ken
tucky, Pennsylvania ** l{ t other States,
and also (rom the Dominion of Cana
da.
The prices realized were exceptional
ly high. The sum of 840,600 was paid
for one cow—tlie eighth Duchess of Ge-.
neva-—by Mr. P. Davis, of Gloucester
shire, England. The calf of this cow
was sold to Mr. Alexander, of Kentucky,
for 827,000.
These figures seem fabulous, but they
were paid by men who counted the cost
before they made the bids. In England
it is impossible to secure any thorough
bred short horns; not because there are
none of tlie pure blood Duchess breed
in the kingdom—as a foolish contem
porary suggests—but because the own
ers will not part with them for love'br
money. There has not been a public
sale of short horns in England for
twenty years; there is not likely to be
such a sale for an hundred years to
come.
The London Field, the representative
journal of tlie stock raisers in Great
Britain, attempted to dissuade the Eng
lish purchasers from attending the
Campbell sale, arguing that cattle of
equal excellence could be seen in Eng
land. But it is one thing to see them
and another to own them, and several
enterprising Englishmen, who appre
ciated -the difference, were here yester
day to make purchases.
Among the various breeds of men
none other equals the Scotch American
in the persistency with which he sets
about the accomplisment of a given
object It is many years now since Mr.
Campbell—a type of that breed—con
ceived the idea of collecting a herd of
pure blood shorthorns. He went
about it sy stematically. It was not the
business of his life^ but rather a relaxa
tion from business.
While he was engaged in it he was
making himself famous as manufactu
rer of cottons. He bought his herd at
prices which seemed enormously high
to his neighbors and friends, but which
appear low when compared to the
munificient sums realized yesterday.'’
We believe 412,000 in gold was the
highest price which Mr. Campbell paid
for any single cow in his herd.
He expended altogether somewhere
in tlie neighborhood of 8200,000. The
aggregate ^receipts of yesterday’s, sale
were in excess of 8350,000. It will be
seen that the profit constitutes a hand
some fortune.
Learn a Trade. — In his annual re
port of common schools, Professor Wick-
e is ham says:
There are multitudes idly waiting
for vacant clerkships and unfilled of
fices, while mechanical work, more
honorable and more remunerative, in
vites on all sides willing hands.
It is a fact as startling os it is signifi
cant, that of 17,000 criminals in the
United States in 1868, 97’per cent, of
them have never learned a trade.' Oat
240 convicts received at the Eastern
Penitentiary last year, only twelve had
been apprenticed and served their timei
Patent Office Statistics.
To Prindle & Dean, solicitors of pat
ents, Washington, D- G., we are indebt
ed for the following statistics of the
Patent Office.
Number of patents issued for the
week ending Sept. 9, 250; extensions
granted, 1; designs patented, 7; trade
marks registered, 13; number of patents
re-issued, 9.
Of the original patents, the following
were issued to Southern inventors:
For a heating stove — Richard H.
Brown, Linneus, Mo.
For a reservoir cooking stove—Rich
ard H. Brown, Linneus, Mo.
For an automatic fan—John D. Bush,
Ely ton, Ala.
For a rotary plow—Charles T. Ellis-
ton, Clinton, Mo.
For a weeding hoe—Henry S. Cross
land, Dresden, Tex.
For a rice cleaner—David L. Geer,
Lake City, Fla.:
For an automatic fire escape for safes
—Ira Parke, Mineral Point, Mo.
For manufacture of white lead—
Ernst A. Boehnc, St. Louis, Mo.
For a locomotive head light—Joseph
Briggs, William H. Briggs, ancl Arthur
E. Briggs, Newport, Ky.
For a filter—Jonas B. Ellis, Washing
ton, D. C.
For an earth auger—Stephen Emery,
Cameron, Mo.
For a ditching machine—John W.
Fauver, Augusta county, Va.
. For a signal lantern—Henry B. Fer-
nald, Washington, D. C.
For a carriage window—John Hens
gen, St. Louis, Mo.
For a coffee package—Henry C. Lock
wood, Baltimore, Md.
For a sofa bedstead—Edward Lovell
St Louis, Mo.
For a spark arrester for locomotives
—Matthew B. Mason, Kansas City, Mo.
For closing gas retorts—George A,
Mcllhenney, Washington, D. C.
For a packing for hydrants, pumps,
etc.—John W. Murphy, Baltimore, Md,
For a washing machine—William
Parker, Rolla, Mo.
Fo» « screw propeller—Newton A,
ractereon, Cleveranu,
For a folding table — Cwu e rr
Wheeler, St Louis, Mo.
For a plow colter—Edward Wiard
Louisville, Ky.
For a seed dropper—Frank W. Young,
Holden, Mo.
THE LARGEST AMERICAN BANKER
SUSPENDS PAYMENT!
iUr. Jay Cooke closes the Front Door ot his
Three Banks.
General Crash Feared.
Stock Panic, qnd
(Special to Atlanta Herald.)
i Philadelphia, Sept. 18.
Tremendous excitement prevails here.
Jay Cooke & Co., have suspended. The
First National Bank of Washington has
bursted—Northern Pacific Railroad the
cause. George Opdyke and other firms
are wavering. Stocks 8 per cent lower.
.X'
The New York Tribune says:
Alabama pays interest on a part of
her debt having disbursed 8245,763
for that purpose in the fiscal year 1S72.
The debt of the State, direct and con
tingent exceeds 830,000,000.
Upon nearly all the railroad bonds
endorsed by the State default has been
made by the companies, and the State
has default in turn. The receipts of
the State in 1S72 were 81,090,000, and
the payment SI,176,000.
There were, on the 30th of Septem
ber, 1871, outstanding warrants against
the treasury to amount of S196,500, and
State certificates of indebtedness to the
nominal value of 8296,600. There was
also due the School Fund the sum of
8318,500.
The receipts from State taxes during
the year were 8767,193.39. Tlie finances
of the State are greatly deranged, and
if not going from bad to worse are cer
tainly growing no better.
A Terrible Accident on the State Road.
From the Atlanta Herald we get the
particulars of a terrible accident on the
State Road near Graysville, which re
sulted in the death of Mr. W. N. Nor
ris, who will be remembered by many
of our citizens:
As the down train was nearing Grays-
viRe at about 51 o’clock, a train hand,
Mr. W. N. Norris, was sent up on top
of one of the cars to remove the red
lights, which are kept burning during
the night.
He had just reached the lights and
got them in his hands when the train
dashed under the bridge just beyond
Graysville, and Mr. Norris was crushed
to almost instant death, tlie top of the
car being literally besmeared with his
blood.
The marks on his body indicate that
he was struck first in the face, and fall
ing face downwards was crushed iii the
passage of the car through the bridge.
It is thought that he had discovered
the bridge and was trying to escape the
fatal collision, as otherwise he would
most probably have been knocked from
the car.
He was insensible from the time of
the injury. Mr. V. B. Crawford, the
humane conductor, at once brought him
to GraysviHe, stopped his train—carried
Mr. Norris to comfortable lodgings and
secured the best medical attention—
falling far behind schedule time in
ministering to the relief of the dying
man.
Human aid, however, could not save
him, and he breathed his last in a few
hours after receiving the injuries.
Mr. Norris was about twenty-two
years of age. He lived in' -Marietta,
where he leaves a, widow. He was_
highly esteemed by his feUo.w eniployT
ees ontireiroact. -ozl <; J1:.‘, I-
New York, Sept. 18.—Jay Cooke
Co. have announced their suspension
in consequence of the large advances
made to sustain their Philadelphia
house, and a heavy drain upon their
own deposits.
THE CAUSE OF THE FAILURE.
New York, Sept. 18.—Excitement in
consequence of Cooke’s failure is great,
and the question is, who next? Busi
ness men attribute the failure to opera-
ations in North Pacific road. It is
feared that the National Life Insurance
Co. will go under with Cooke. It
said Jay Cooke lost largely in gold.
Members of the firm say they are un
able to make any further statement,
save that they expect to resume busi
ness in a short time.
NO MORE FAILURES.
New York, Sept. 18.—All reports
about the suspension of firms, excepting
Jay Cooke & Co., Richard Schell, and
the small firm of Robinson, Suidam &
Co., upon investigation proved to be
without foundation. When this fact
was made known on the street, confi
dence was again restored, and at the
close of business a better feeling pre
vailed. It is not thought that any
other firms of prominence will suc
cumb.
JAY COOKES STATEMENT AND HIS PROM
I3ES TO DEPOSITORS.
New York, Sept. 18. — Jay Cooke &
Co. have made tlie following statement
The immediate cause of the suspension
,of Jay Cooke &. Co., was the large
drawings upon them by their Philadel
phia house and their own depositors.
During tlie last fortnight both of these
houses have suffered a large drain, in
consequence of an uneasy feeling which
has recently prevailed and which has
affected more or less all the houses
close!}' identified with the new railroad
enterprises. The Philadelphia house
had previously been weakened by large
'cash advances to the Northern Pacific
Railroad Company, of which they are
the financial agents.
The business of Jay Cooke, McCul
loch & Co., London, is entirely distinct,
and that house is perfectly solvent, so
that it will meet all its outstanding
drafts and letters of credit without in
convenience to travelers, and they have
a large cash surplus to apply to the
American house. The firm of Jay
Cooke & Co. and its members have a
large amount of real estate and person
al property, upon which, however, they
cannot immediately realize. They are
confident that depositors will be paid
in full.
THE FREEDMEN’S SAVING BANK SUSTAINS
NO LOSS.
Washington, Sept. 18.—There are as
surances that the Freedmen’s Bank had
onlyclgMAmndrod dollars in the I
iruuonal Bank, and no balance wun
J ay Cooke & Co. The bank holds only
four hundred dollars of the Northern
Pacific bonds, as collateral for a loan,
COOKE, m'cULLOCII & CO., OF LONDON, WILL
PAY JAY COOKE’S DRAFTS.
London, Sept. 18.—The firm of Mr.
Cooke responds to his suspension by
stating that all drafts and letters of
credit on them, issued by Jay Cooke &
Co., will be duly honored.
The Condition of the Present Cotton Crop.
Washington, Sept 17,1873.
The statistician of the Department of
Agriculture, Mr. Dodge, has returned
from Europe, and after a careful revis
ion of the monthly returns, gives the
following as the present status of the
cotton crop:
The indicated increase of area is a
little over 10 per cent. The condition
of the crop is higher than it was in
September of last year in Arkansas,
the same in Tennessee, and lower in
each of the other cotton States. Tlie
worms have been more abundant, and
their ravages have been disastrous, or
sweeping, in a few cases.
The season has been remarkable for
its rain fall, tending to further tlie de
preciation of the crop; otherwise the
conditions have been quite favorable.
Fertilizers have stimulated the growth,
and labor has been steadier and more
reliable. Tlie relative figures are as
follows:
Virginia
North Carolina 95
South Carolina , 86
Georgia 90
Florida 85
Alabama 85
Mississippi 82
Louisiana 80
Texas 92
Arkansas 87
Tennessee 92
Missouri 96
In September, 1S72—
Virginia 97
North Carolina 100
South Carolina 95
Georgia — 96
Florida 92
Alabama----- 89
Mississippi-- 90
Louisiana— 86
Texas 94
Arkansas — 78
Tennessee-- 92
The plant is shedding leaves and
forms from rains; in others from drouth.
The rust has appeared in some locali
ties. Both the caterpillar and boll
worms are doing local damage in short
ening the life of the plant without
much injury to the bottom and middle
crop.
The crop appears better in Georgia
than in any other cotton State east of
the Mississippi, though there is some
injury from rust and heavy rains, and
the caterpillar is present in force in
many counties, but generally came
too late to cause more than a small per
ceniage of loss.
The Invention ol the Cotton Gin.
As is pretty well known, Eli Whit
ney, in the year 1793, invented the cot
ton saw gin, and thus laid the founda
tion for the edifice of this country’s
greatness as a cotton producing area.
Whitney .was a native of Massachu
setts and moved to Georgia. With
scarcely any appliances usually consid
ered requisite, he set about his work,
which he brought to a successful issue,
though various and vast improvements
have since been made upon Whitney’s
mechanism.
While in Georgia, Whitney boarded
with a woman named Green, who own
ed a largo plantation near the city of
Savannah. On one occasion a number
of planters were invited to dine at
Mrs. Green’s house, and in the course of
the day a discussion arose upon cotton
and its management One gentleman
of large experience, observed that if
some means were devised whereby the
seed could be separated from the lint,
cotton planting would become a great
business.
Mrs. Green, aware probably of the
proclivities of her lodger, invited him
to the parlor to take part in the con
versation. On the requirement being
mentioned to him, he stated that he
could invent a machine to do the work.
How he kept his word is well known,
for soon afterwards appeared the saw
cotton gin. In Bpite, however, of the
great boon which he conferred upon
the country, Whitney died a poor man,
like very many of the world’s greatest
benefactors. Me died in 1825, and is
buried in the cemetery at New Haven,
Conn.—The South.
Tile Finn.—, —
“It is now entirely —
New York J*«*
farmers’ movement’—so * *
make an abiding imprest
affidrs of the country^
menced in a somewhat tv
heated manner, and as an ‘ 01a
sequence, its first practical »
Illinois pro-rata law—*
-Here,
Mrs. Maria Jordan Westmoreland.
The following complimentary notice
of one of the most elegant and talented
ladies of our land we take from the At
lanta Constitution of Sunday. We regret
exceedingly the necessity that deprives
our State of the brilliant society of
Mrs. Westmoreland, and our earnest
sympathies go with her in her new
field. Her efforts are all ennobling, and
we heartily wish her success.
“This lady left Atlanta yesterday
evening, to spend the winter in New
York. She takes her two children with
her. Her little daughter she will place
at school. Her little son she will retain
with her.
“Mrs. Westmoreland goes to New
York, to professionally enter upon a
literary career, for support of herself
and children. Bom in affluence, and
accustomed to it for a large period of
her life, she has been thrown upon her
own resources and has, with that brave
spirit so characteristic of our impover
ished Southern women, resolutely met
the exigency.
The South affords beyond the school
room and boarding house, both laigely
overcrowded, no means of livelihood
for educated ladies dependent upon
their own exertions. The large North
ern cities alone furnish compensation
for literary effort. New York is the
great centre, and to that point therefore
Mrs. Westmoreland wisely goes in her
brave struggle for subsistence.
“Mrs. Westmoreland has already
made her debut into the world of let
ters, and therefore enters upon her la
bors with considerable prestige won by
ner Dn« J
numbers among her friends man;
the leading publishers and writers of
the country.
“We wish her great success. She
carries with her the warm approval and
sympathy of her relatives, her friends
and a large circle of acquaintances,
who thoroughly endorse the step she is
taking, and predict her success, while
they regret to lose her.
“ They know the imperious necessity
under which she acts, and the deliber
ate conscientious sense of womanly duty
that inspires her course. Perhaps no
one has taken deeper interest than this
lady in everything relating to the intel
lectual advancement of Atlanta, while
we have had no truer exemplification
of Southern hospitality.
“ We have the pleasure of announc
ing that we have engaged Mrs. West
moreland as a New York correspond
ent, and that our readers may expect a
series of letters from her pen.”
not what was anticipated 1, .
of an adverse character. ’ E88$
“The unexpected result i a .- “«rO
has inspired both caution andtiSS
anco, and hereafter the entire d
will be conducted with le?»
and with some faint apprc^BL
least, that the great probWlir* *
to deal with-cheap and
and transportation—cannot b J
fully solved by mere dee-la-/-.]
the indulgence of unreason^]
dices.
Wko*
In I
“We by no means
movement; on the contrary,
conducted, we approve of it pi
question of tlie country,that ikl
now swallows up all others ir.; |
tance, is involved in it. This'-'I
must have, at any reasonable I
cheap and rapid transportation I
tills end the entire energies cf<l
tion must be bent. It is ia^ I
foresee all the conditions of I
lem, but there are are some t -1
ready overwhelmingly apparel I
courses, natural and artificial, g Lb
roads, are our entire depends-*
“All must be rendered ay;
the fullest extent. The canal; -
deepened and enlarged; natesi l
nels must be improved; and «I
ways must be adapted to the; ;
exigences of the continent. Tia,
system of internal transit ands
tation should be under the oj
far as legislation is concerns!.,
general government. These ia
have ceased to be of mere states
cance, and have become contir.-
their proportions and imporfaiK I
“What policy should be tha |
sued, it is too early now to c
Amasa Walker of Boston, fod
direct intervention and manager j
the general government.
“At present we are unablet|
cide in this view; to us it seems;
with evil. It is too wide a i
from established methods, andt I
we can now judge is entirely ce I
sary. Changes to some ertts H
necessarily ensue, but not to tie: |. p
proposed. Congress will soon Bij
and the whole subject will tbs 5j
up for review; meanwhile the t ^D
is entering into the current
canvass, to an extent undream |
year ago. h (
“ We have no fear of ultimate aT
scarcely any that rash action (
kind will be precipitated. That
be no successful crusade againai fly J
mate capital in this country. 0 NB
Accident on the South Carolina Railroad.
A special to the Savannah Advertiser
and Republican gives the following
shocking details of a railroad accident
caused by the recent storm :
Charleston, Sept 20,1873.
A terrible accident occurred on the
South Carolina Railroad at Reeves’
turnout, about fifty-one miles from
this city, this morning about half-past
three o’clock. A culvert on the road at
that point was washed away by the
heavy freshets, and the night express
train, bound for Augusta, was precipi
tated into the flood while going at full
speed.
The engineer, two firemen and a
brakeman were immediately killed and
buried in the wreck beneath the water.
Four cars were thrown from the track
and demolished. Fortunately the train
consisted of about eighteen freight cars,
to which were attached .the passenger
coaches.
None of the passenger coaches were
injured, and all the passengers escaped
unhurt As soon as the news of the
disaster reached this city a relief train
was dispatched to the scene, and about
12 o’clock to-day the bodies of three of
the victims were recovered, horribly
mutilated. They were brought to the
city and given into the custody of their
friends.
One body yet remains under the
wreck. The foUowing is the list of
killed: W. H. Brickman, white, engi
neer; William Door, white, fireman;
Smalls, colored, fireman; George Mc-
Maners, white, brakeman.
The recent heavy rains have caused
wash up along all roods leading to
the city, and several trains have been
delayed on the South Carolina Rail
road. A large force of hands are en
gaged in repairing the track. Travel is
not interrupted. M.
is the result of accumulated kk gtjjg •
the masses of our people are in'i
enough to know it, and to fores r_
Quixotic crusade against it,
as are the appeals sometimes a
them with regard to it. 93.
“ One thing to us seems 1
clear, to wit, that the agricultel
ductions of the West are no* 1 j
must foe some time continue tol U
tion of whatsoever kinef^Si
in other words, and we ask tie:Sup >
attention of our Western friends: pfjj,
point, the absolute want of the H
a diversified industry.
“ The South has too few mar: P® ^ ’
rers and others that are consuc DEB •
agricultural products. There s: ^D
perious caU in this direction.
“ The South must have homes ■
as eastern and foreign markets
manufacturing cities must be be I me4 .
Its merchants and capitalists -Dck, on
to this, as it is simply impc&^
solve the problem involved, by:
crease merely of transportation
ties. These are indeed
must be had: but this is not all. • |D 3
markets, especially for cottot 1
dispensable.
“ Dismiss all prejudices as
roads and capital in other foi
in every possible way encourefr
manufactures and other indust'-|
home markets will to some
available, without any conside®
pense for transportation. ’
Diptheria still prevails in oc
There has not been less than ot:
dred cases in our town since-'
appearance. Eight white and
five colored children have
Gadsden from this dreadful fp > |
Our physicians are going ft
night.—Gadsden Times.
Advertise to help yourself- I
to be charitable to any paper-
advertising mediums are pap-
the largest circulation.
makes the poor men iresdtbj,
rich millionaires. A. T. Stewart-|
rich, but he still spends more ® md J. ;
rising than any dozen merchant
A Rhode Island blacksmith 1
ceeded in changing the gait o
horse to that of a trotter, T
fastening an extra pair of shoes
than usual to the fore-feet 1^^—
wants the horse to trot, and
off at all other times. ^
change of weight on his ioK-
the horse to change his gait-
Discontinuance.—The Atlanta fler-
ald has ceased to run a special engine
to cany {hat paper to Macon.
A City to Let.—“Sir. “
houses and stores to let,”
ful-report which comes op
Orleans. Business is dead _
is flying from the State,
boons a Radical Congre
to a people who implored ■
tion.
A coquette loves hergh* 5 -* ^
she can ever love you, and ,
condition that both keep
she is pretty.
Profanity never^did^oj
least good. No man
pier or wiser for it
one to society.
refined and abominable to