Newspaper Page Text
LITER PR0.11 EUROPE.
Arrival of the Baltic.
New York, Oct. 25.-—Tl>e steamship Baltic,
with European dales to the 14th inst., has arrived
at this port
Commercial. •
The Sales of Cotton in Liverpool for three days,
amount to 19,000 bales, of which speculators took
7,000 and exporters 1,000. The market opened
buoyant,-and closed quiet and steady. There was
no chance in prices.
The money market was very stringent.
Consols were quoted at 88.
The Bank of England has raised its rates of dis
count to seven per cent.
From India.
Later accounts from the East state lhal the reb
els still hold possession of Delhi.
Additional forces were marching towards Lnck-
now, and the garrison would s«h>p be relieved.
Miscellaneous.
The American horse Prioress had won the Cxare-
witch handicap over the New Market course, on
the I3ih instant.
Markets.
New Yoke, Oct 24.—The cotton market waa
quiet to-day. Floor heavy 8.500 bbla were sold ;
Southern advanced 10c per bbl. 5,800 bnshels of
Wheat changed hands, White at $1,30 a Si 45
and Red at Si,20 a $1,30. Corn was firm at pre
vious prices, at which 20,000 boahels were sold
Roain firm, ami quoted at 81.35 per bbl. Freights
on cotton to Liverpool firm
Charleston. Oct 24—Sales of cotton today
190 bates at 11$ a )2c per lb.
Avgusta, Oct. 24.—Sales of cotton to-day 400
bales; price unchanged.
©jc Sprang patriot.
THURSDAY, OCTOBER 29,1857.
Correspondence of the Augusta Dispatch.
■ Tbc Atlanta Fair*
Messrs. Editors :—I did not continue my
notes on the Fair from day to day, as I intend
ed to do, on account of the meagre display of
articles, and now will briefly sum up some of
the few notable things which attracted my notice.
The Porcelain ware exhibited by Holman,
Curtis <fc Co., of your city, attracted much at
tention.
Miss Anna V. Russell, (a little miss, eleven
years of age.) exhibited some nice specimens
of embroidery, in the shape of a cloak, or tal
ma, and a little dress. Other fancy articles
were exhibited, but I pass on to the more use
ful. Mrs. Battle, of Warren county, exhibited
''some superior specimens of cheese, and has de
monstrated the loll v of our utter dependence on
the West for this table luxury.
Mr. John Simpson had his portable Horse
Power, which attracted much notice. It 19 ca
pable of sawing 1,000 feet of lumber per day
with two or three horses, and is a simple and
cheap machine.
Mr. Watts, of Cass county, in addition to his
fine stock, noticed in my last, exhibited some
fine specimens of corn, which I understand he
intends placing in some of your seed stores,
with some samples of the pea and bean, raised
by him.
Maj. Cooper exhibited many specimens of
iron from his works in Cass county.
Maj. Cooper, for some time President of the
Society, delivered an interesting address, and
resigned his office. The following officers were
afterwards selected:
President, Leonidas B. Mercer, of Terrell
connty. *
Vico Presidents, M. P. Nightingale, of Cam
den, and D. W. Lewis, of Hancock.
The executive committee will be appointed
by the President.
The derangement in money affairs no doubt
detracted much from the interest of the exhibi
tion; but there has been a gradual falling off
for several years, and it is feared that it Mill be
suffered to become extinct. Warren.
Cash Down!
Our patrons will please tale notice, that we
hare not departed from our rule of requiring the
money, on delivery, for all Job Work.
0CT We are indebted fo Hon. A. Iverson for
an interesting public Document, on the subject
of the introduction of Camels into the United
States for the purpose of military transporta
tion.
0C7" We cull particular attention this week to
the advertisement of the “Macon Flour Mills.
Men who make “free use of printers ink” are
worthy of and deserve a liberal patronage. %
See the advertisement of E. Rosenwald & Bro.
a new firm in Albany.
OO" The cars now run to within about two
miles of town, and we hope they will reach the
Depot by Saturday.
(ET The business of Albany is improving.—
We now have fine stocks and an excellent va
riety of Goods, offering great inducements to
those who wish to purchase.
Money—Cotton.
We learn that there is now plenty of money
in Albany for the purchase of cotton at ten
cents. This is ail we suppose that the Ameri
can markets will now warrant. We see cotton
quoted in New Orleans at 9^ to 10c. There is
a considerable margin between these prices and
the prices in Liverpool at last advices. The
fear among purchasers and shippers seems to be
that the low prices and financial difficulties here
will cause a severe revulsion in England, and
reduce the price of cotton lo the level of our j "T , *' . ** '* 7 '"l*!”
' , ! tarnished required the deposit
““—markets. There mav be a temporary fall j, ... . . 4 . e ,
J 1 . . J bullion, equal lo its certificates. When
the European cotton markets, but it is
sonable to suppose that the short supply
maintain fair prices for the season. We learn
ed last week in Savannah. :hat.money would be
8Jiall the Suspension be Legalized Y
Circumstances over which our Banks had no
control, forced upon them the choice between
a suspension of specie payments upon the one
hand, and a total loss of their coin opon the
other. This convulsion in the monetary system
of the country, has not been caused by either!
reckless speculations or improper conduct In
the managers of Southern Banks.' -far as
we know they stand before the country unim-
peached in regard to propriety of conduct and
the fairness of their statements, which show'them
to be highly solvent
After suspension had been resolved upon, and
after the Executive kindly consented to wait
the action of the Legislature soon to convene,
before he would proceed against them for a for
feiture of their chartered rights, the next pro
position is to legalize this state of things. And
now the question comes upon the members of
the General Assembly, which meets less than
a week from to-day, as to what course is best
calculated, under existing circumstances, to pre
serve the honor and creditor the State and of
her Banking Institutions, and at the same time
foster and protect the large capital and money
invested by her people in those Institutions.
When we reflect upon the rise and progress
of Banking, and view it now in its immense op
erations, reaching in the Union over eight hun
dred millions of capital, and compare it with the
insignificant and unpromising germ from whence
it sprung, we can but wonder at the rapidity of
its growth, and to deduce from that fact alone,
the conclusion that some system of Banking is
necessary to the commercial -well-being of a
country.
The first Banks that history tells us of, were
established in the seventeenth century, unless
we except the Bank of Venice, which was found
ed as earlv as 1171. This, however, was essen
tinlly a Bank of deposit, and it was not empow
ered to issue bills as were its successors. The
Bank of Amsterdam, established in 1051). was
also principally a Bank of deposit, and payments
were made by transfering certificates of deposit,
which represented actual coin in the vaults of the
Bank, from the account of one merchant
another. The principle upon which it was
its coffers of
the
oppression and injustice will follow. > That the
Banks will demand specie from its debtors and'
pay none to its bill-holders, save at ruinous rates,
and that exchange will be sold at [exorbitant
prices. The other side answer, however, that
tbp Bank Directors at last are men—that they
sympathize with the copditiod the people are
in; and (hat unless the suspension is legalized,
that it is out of their power to aid them.
The troth is that there is perhaps a way by
which all the objects sought to be gained by the
friends of the Banks, can be accomplished, and
yet snch conditions be imposed upon this li
The South furnished in cotton $109,456,404,
and in tobacco 811,319,319. .
In 1854 the total exports were $253,390,870.
Including all the specie, some thirty-eight mil
lions, the North could not have exported more
than $90,000,000, or a little more than a third.
The South sent out more than that in cotton
alone, (893,590,220.) and $10,016,040 in Ao-
Tn 1855 the total exports were 8246,708,533.
Hitting* again, the specie to the North, (some
fifty-four millions.) she exported less than $104,-
000,000, or about two-fifths only.. Cotton,
*88.143.844 ; tobacco, 814.7I2.46S.
In 1850 the total exports were $310,586,330,
with foriy-four millions of specie included, the
cense as that 1t cannot be abused, while tempo.] N or ,h exported less .than $110.000,000—say
rary relief is afforded to the Banks, the great in- j one-third only. The South furnUhed more than
terestsofthe community can be guarded and that in cotton alone, (8128,382.351,) and 812,
the public shielded from loss. The details of ^J* 843 ,n to . bac ®°* , ,
r * * « _ .... It seems, therefore, by the figures, that when
the measure calculated to effect so desirable an -
end, Are of coarse better understood by' others
than ourselves. The general objects thus sketch
ed, being provided for; relief being granted for
the time, and yet protection being afforded
against undue license, or abuse of the privi
lege thus given for a temporary purpose to our
Mr. Banks undertakes to enlighten commercial
men, he either knows not what he is talking
about, or else for low, sectional ends, he inten
tionally mis-states the truth. Colton alone
freights more than t wo-1 birds of our outward-
bound vessels. The following table will show
how large a proportion of our imports, including
silks, satins, and embroideries, principally con-
.A Pertinent Question,
The present financial troubles, show how*
tirely the South U at the mercy of northern ,!!'
itali&ts and financiers. With no lndebtedn£
that would, in ordinary times, occasion X
slightest uneasiness, the south is cripple t!
oppressed by circumstances over which *hsk«
no control and for which she is not directly rn.
ponsible. Divested of all desire and intential
td weaken the bonds of political Union, wljj J
bind the confederacy together, we deem*tbs
lowing enquiries of the Charleston Mercury
inenlly pertinent to the present crisis:
“Is it not time that we should begin to tbinV
of taking care of ourselves ? 'Hie most indeaen
dent people in the world by their own resources'
why does the Sooth allow itself to be batters^
ami torn by the dissensions and denth-stroggU
of New York money changers! We do n ot
know to what we trnst ourselves, when werj.
up the solid avails of our labor to be mingled
extricably with ail the bobble speculations 0 *f
the adventurers in the Commercial Metropolis
Why not trade directly with our realcostolnerj
What need is there of this go-between, to coni
vey to -the markets of the world o«r rich pro
ducts, for which the consumers stand ready
gold in hand, to pay the full value?" **
Banks. The publicity of their management j sumed at the North, it has actually paid for for
perfectly secured, and some precautionary mea- j sl * J ears P a8 * j
surcs adopted to prevent the Banks themselves |
from increasing the hardness of the times by! jg50 ##
speculating in exchange, and selling the metals I 1851..
at a ruinous premium—we are in favor of 11852..
granting the petition which the friends of our j •
Banks will so fervently urge;—but it must he *
done in such a way as not to result in a tempo
relief to he followed by more serious con
sequences hereafter. We are in favor of pro
tecting and sustaining our Banks, but in doing
so we would see to it that they are by strict in
dividual liability of their Directors, made respon-
sible for their issues, and that the people are pro
tected from impositions or loss at their hands.
Go?. Jobson’s Letter*
We publish to day, sty* the Columbus Times
Value of Imports, Val uc of Cot Ion
including specie. exported.
.. 8178,138.318 871.984.010
... 216.224.93*112,315.317
... 212,945,442 87,965,732
... 207,978,047 109,450,404
... 304,502,381 03,596,220
.... 201,468.520 88,143.844
1850 314,639,942 128,382.351
Under these circumstances, is it worth while
for New England business men longer to wage
war against the South—quarrel with their own
bread and butter—simply to gratify the aspira
tions of such superlative demagogues and po
litical weathercocks as Nathaniel P. Banks?
TFalkcrism in the late Elections.
Some of the Northern and even of the Southern
press, regard or affect to regard the result of the
recent elections in the Souih, as an endorsement
Sentinel, Gov. Juhnson’s letter to the Savannah | °f *be Walker policy in Kansas. There could not
mmlnnla. He P r»n1s their request to withhold ; be » blunder.--Every democratic candidate
. • , , i both in Georgia and Mississippi, with very rare and
any «r.t.o„ sgxmst the Bank. ,o consequence cf ; chscure exceptions if »ny, endued unequivocally,
their suspension until the Legislature convenes. ;the actions of the conventions of those States, de-
He thinks their suspension an expedient, but not a i nouncing Walker, and none did sn more decidedly
remedy for the present crisis
edy
That the only rem ! , * ,an the gentlemen who have bpen elected Govern
I French invaded Holland, however, the Direc-
1 tors privately lent ten and it half millions of flo
rins to the States of Holland and Friesland, and
j this departure from the prime element of its
advanced on planters, cotton for shipment to , . e . _ ,
„ ., , , ... 1 , . | Constitution caused the ruin of the Bank.
'The principal Banking Institution, and the
. one nfter whidh all our modern Banks have been
stdered beat for planters to sell their produce «« . . » L rr > > ti . -
. 1 * I patterned, is the Bank of England. I his wi
the ruling price when it is ready for market.— ! . , . , . , e , .
! mense establishment which, for nearly two hun-
i, has been the lending Bank of de-
I posit and circulation not only in Europe, but
! for the whole world, was founded by an enter-
ThC “State Pl*CSS. M j pnsing Scotchman named William Paterson, in
This is the title of Democratic and Southern j 1694, (one year prior to the Bank of Ireland)
Rights paper just issued in Macon, by E. C. j with a capital of 1,200,000 pounds, and really
and A. M. Rowland. It is well edited, arid j was the result of a loan of that amount to the
handsomely printed, and we trust will be sue- ‘ Government, which was much distressed at that
cessful. ! time, arising from the confusion in the gen
era] finances of tbe State, and the non-collec
Europe, if desired. We do not like to nd
in these matter*. As a general rule if is con-
red best for
ruling price when it is ready
But there are exceptions to general rules, and j
in the present case each one must judge for him- :
self.
ill be found in the indn.trial teeou.ee. of the ! or6 b » ench m t ri,ies - »">"»
i came squarely up to the requirements of the Geor
ntry-in the economy, retrenchment and re | Piatform. and declared hie intention to cel! a
n of all classes. It gratifies him to believe that j Convention in case Kansas should apply for ad-
the suspension is not the result of insolvency, j mission with a pro-slavery constitution, whether
but e measure of self defence .rninst the drifts 1 ,8lified b y ,he P e °P le or n,>t - tf 1 «» e»ecled.' he
, . i said emphatically,‘There shall be no dodging —
upon their com, to replenish Ihe vaults of Northern , Mf on ^ „ ntrary traverfcJ s *, e>
Banks. He has confidence in their entire solvency,; making sharp speeches and saying smart things,
from exhibits they have presented in response to ; denouncing roundly both Walker and the admin-
Executive proclamation. A glow of sectional pride istration, but nevpr reaching the slicking point ol
IS .w.kened in His Excellency when he rontrHS „ i resishmee, end here wrrs demonst.sted the hollnw-
, . , _ • , ... • kT ness of Ins Southern pretensions. He was speak-
the condition ol the booth with tbit of the North ^ f „ r K)liaa , and , hp but fnr parly ,
in the present financial crisis. He urges the ne- „ 0( j instead of preparing the Southern people to as-
cessity of a direct trade between tbe Southern ports | sert their rights, was striving to gain a merely par-
and Europe, and justly suggests that it is now the . *y advantage.
only chain that binds the giant limbs of the South.
We think that we now have the most favorable op
In Mississippi, where the democratic press.
: headed by the ‘Mtssisaippian/ the central organ of
the party, glowed throughout the canvass with the
portunity to bring about this a!| important result | fiercest indignation against Walker, and all who
to the South that will present itself in the next! abetted him in his policy, the victory was still more
half century. Take advantage of the straitened decisive. Gen. Quitman, the very incarnation of
. . , KT .. „ ... .. 0 sound Southern sentiment, was elected without
circumstances of the North at this tune. Savan-
Cbiofse Sngar Fane.
j tion of (axes. 'The capital of the Bank ha* been
Election.—The Southern Recorder says the
rote for Governor will stand about thus:
The aggregate vote polled, 104.679.
Mr. Brown 57.742
Mr. Hill 40,937
Brown’s msjority 10,805
The Federal Union (same date) makes it
thus:
Mr. Brown 57,213
Mr. Hill 40,941
Majority for Brown 10,272
There seen., to be much difference of opinion ; 8(lvi , ra | lime , unti | at pr( . se „ t it , )as
nn.ong those who have tried the Chinese Csne more lh#n (ime8 its origina , ca[liIa | and has
Tbe Causes of Black Republican Defeat.
The explanations of the N. Y. Tribune and
other Black Republican papers in regard to the
overwhelming defeat of their party in the various
State elections which have been held this year
have called forth the following satisfactory and
consoling response from tbe Journal of Com-
tnercc :
“In all the elections recently held the most
nntoward circumstances seem to have conspired
to defeat tho Black Republicans. They admit
having been badly beaten, bet they cooldn’t
overrule the circumstances, and this is a suffi
cient snd comforting excuse. In Connecticut
it rained in some places. The Democrats turn
ed out cn masse and voted. The Republicans
‘knew enough to stay in when it rained,* and
though they thus saved their boots from tbe
mud they lost a victory.
“In Pennsylvania the Quakers didn’t vote.
“In Ohio, ‘busied with the financial storm
raging through their State, the Republicans by
thousands neglected their political duties.—
Their opponents attended to theirs,* and won,
Having no interest in the monetary pressure,
and no money to lose, they, of course, had noth
ing to do but vote.
“In Kansas the Republicans were dragooned
oat of a full victory, and tbe Missouri ruffians
helped tbe Democrats.
• “la Iowa the Republicans unfortunately had
a minority of the votes. They were also busied
with flnanciafcmaUers.
“Minnesota is Uncertain. It will depend up
on the character of the retarns - whether any
apology or excuse will be necessary on tbe part
of the Republicans.
“Notwithstanding these apparent reverses,
however, the Republican party is still strong
and vigorous, and has made immense gains
since last fall. (?) These facts will he made
apparent at some future day. Wait till 18001"
The Crops in tbe East.
We learn from Col. Jno. C. Pelot, who is now
in this .city, that the cotton crops have been great
ly curtailed in the eastern counties of this 8iate,
by the recent protracted drouth.—Floridian dp
Journal.
Trxatt with the Pawnee Isdians.—A treaty
recently concluded by Commissioner Denver with
tbs Pawnee Indiana secures to the United States
«n or twelve million* of acres of land. These In
dians not ooly pledge themselves to remaio at peace
with thrUoited States* hat that they will use their
MbM .with (he neighboring tribes W the tame
9*A : fkT^
this season. We have seen several who, afte;
a careful trial, pronounce it a humbug. They
say the yield is small, the syrup liable to sour,
the seed poisonous to cattle, and the time for
grinding a bad one for the cotton planter.—
Others think more favorably. We made 12
gallons of very good syrup from 1 9 of an acre,
which has not soured.
New Omnibus.
Our friends Hill & Hill, with their usual en-
ergy, have prepared to accommodate the travel
ling public, by supplying them with a fine four
hoi se Omnibus to run from the Depot to the
city. Our citizens are under obligations to them
for several free rides in their hand.-ome turn out.
New Books.
Nothing to Eat,*’ illustrated. Not by the
author of “Nothing to Wear.** Published by
Dickdc Fitzgerald, New York.
This is a poem intended to show up tbe snob
aristocrary of city life.
“Guy Livingston—A Novel.’* Published by
Harper 6c Brothers, New York.
To tbe lovers of romance covering the ex
tremes of vice and virtue—this will bo interest
ing. But we doubt whether such works pro
duce any good effect.
“The Reason *Wby—A careful collection of
many hundreds of reason*, for things which,
though generally believed are imperfectly un
derstood. A Book of condensed scientific
knowledge for the million/* Published by Dick
dc Fitzgerald, No. 18, Avenue street, N. Y.
This is an excellent work for families, and
for all classes, young and old.
'These works, with a great variety of other
Books, may be found at tbe Book Store of L.
E. Welch.
Statistics of Georgia.
The Augusta Constitutionalist publishes the
following synopsis of information furnished by
Peterson Thweatt, Esq., Comptroller General,
taken from the 118 'Tax Digests returned the
present year:
Number of Polls. 97,149 00
** •‘Professions. 2,510 00
* “ Free Negroev 1,074 00
“ “ Slave* 426,566 00
Acre* Land, 1st qualitjr 450,985
2d “ 6,292,218
3d * 40^08,194
Pine 15,728,316—33,285.669 00
Aggregate value of 81ave 6293,939,723 00
Average ** per bead. 524 97
Aggregate “ of Land 136,681^69 00
30j037j061 00
83,895,461 00
1L831J899 00
1,064,932 00
3,750,001 00
Average * per Acre.
Value of city or Town property. —.....
“ •* Money and solvent notea
m m Ship and Tonnage*.
« " Manufactures. i
M , " Forniture over 9300..
" Property not enumerated....
: • Foreign Bank Capital........
n-:*!••**
Increaro In value taxable property.....
2,019,602 00
528,927,963 00
495,478,045 00
33,4»^1II00
allowed up nearly the whole Banking capi
tal of tho British Empire. The Bank has sev
eral times suspended payment of specie. It
did so in 1745, under a panic caused by the ad
vance of the Iliglamiers on the city under the
Pretender, and again in 1792. In 1797 it
again suspended by order of the Government,
and this suspension was legalized till six months
after peace was signed by act of parliament.
We have been thus particular in noticing the
history of Banks and Banking, and more par
ticularly wish to call attention to this suspension
of the Bank of England in 1797, for the pur
pose of bringing forward some views which we
have as to the present crisis in Georgia.
From tho history of Banking and our own
Stat6 enactments, it is evident that bullion—in
gold and silver, are made tbe basis for all Bank
ing operations in the State. Consequently when
these Institutions suspend the payment of coin
of their issues, it might be supposed that ruin
and bankruptcy would necessarily follow. But
to the contrary of such a result, the suspension
of the Bank of England in 1797 was positive
proof. The bills of that Bank answered all the
purposes of coin from its suspension in 1797 till
it recommended specie payments tbe first of
May, 1821, two years before it was compelled
to do so by law.
And we have no doubt that if the present sus
pension of specie was legalized by the Legisla
ture, that the Banks of Georgia could go on in
their usual rotine of business, and that their hills
would answer every purpose which they hit!*
erto have done.
The considerations which should operate up
on the members in their vote upon this question,
are those which intimately connect themaelve*
with tbe well-being of Georgia and of her citi
zens. 'The arguments which can be used for the
measure, are potent and self-suggestive, while
those againt it are equally observable. Upon
the one band ave are told that should the specie
basis no longer be the law of our Banks, that they
will flood the country with their bills as the
Bank of England did a few years after its sus
pension in 1797, when its bills was at 19 per
cent discount, and produce a temporary expan
sion in affairs, which, however, will soon be fol
lowed by a severe reaction, and which will be
fatal in its consequences. On the other, w^ are
remioded that nearly tbe whole available capi
tal of the State is directly or Indirectly locked
np in oor Banks, and to suffer them to be crip
pled or wasted by a drain upon their coin* from
abroad, or to forfeit their charters for suspend
ing, will, In either event, lead to perfect distrac
tion and min. The friend of the individual citi
zen warns the government from placing such
power in tbe bands of a feu) men; and feartfthat
nah and Charleston merchants are the proper per
sons to commence the work. Private enterprise
is always more sagacious and economical than
State snperviaion. While New York merchants
are shipping loads of goods back to Europe, let us
hold out inducements to London merchants to bring
them to Southern ports. Let us hear from you
gentlemen ? The consumers of onr exports are
not at the North. They are in Europe. Euro
peans are onr natural customers *, the North our
artificial customer*. By a direct trade with our
great centres of Commerce in Europe they will
continue unembarrassed, and oor great productions
will soon restore confidence to commerce and re
instate the Banks. Northern ports are unnataral,
intervening agencies, which the operations of the
General Government and the Union has forced
upon us. They are agencies which wc should
cast aside and look directly to our real and actual
customers.
A list of suspended railroads in the Northern
and Western Stales is published, whose total lia
bilities amount to $131,700,000.'
Kansas.
Parrott, the Freesoil candidate, was elected
to Congress over Ransom, the Democratic can
didate. This election will be contested.
The Legislature is largely Democratic. A
dispatch from Washington to tbe New York
Press, states that the convention which re-as
semhled on the 20th instant, will submit the
Constitution to the people for ratification.
We had a frost on Tuesday night. The
weather lias been delightful the past week.
From the Boston Fost.
Is.it Best to Fight with tho South!
‘We are all interested in free labor. The
commercial man is interested. It is that which
freights his ships/* &c.
N. P. Banks, in.Faneuil Hall, August 15.
Let ua see how this applies to, tbo exports
from this country for a few years past. ’
For the year ending June 30,1850,aashoun
by the last Treasury report. ©Ur total expnrts
amounted to $130,940,912. Vnlue of cotton
$71,984,610; tobacco $9,951,023. Making
a liberal estimate on the products of the sea.
forest, and agriculture, and giving all the export
of specie to the North during tbe year, the pro
ducts of free labor going to freight ships, out
ward hound, did not exceed forty millions; or
less Ihdn bne-third of the total exports.
In 1851 our total exports amounted to $195,-
489.718, of which the North furnished less than
onefourt/r—say $45,000,000.- * The South fur
nished $112,315,317 in cotton alone, and $9,-
219,251 in tobacco.
In 1852 the Ibtalexpdrts were $192,368,984.
Giving thirty-seVhn millions of specie to the
North, she exported, only about ^$72,000,000,
or a little more than one*thicd. /The value; of
cotton exported bv the Sonth waa $87,965,732;
tobacco. $10,031,283/
In 1853 the total exports were $213,417^697.
Giving the North* again, all the specie—twenty•
three end' a half millions—she exported only
some $63 j 000,000, or less them one-third dpJu.
opposition. Mr. Lamar, the member elect from
the first district, and formeriy of Georgia, has
been always identified with what are called extreme
Southern opinions, and was one of the earliest and
most emphatic in his hostility to the Walker poli
cy. We know of no democratic candidate in that
State, whose position was even doubtful on that
question, and who was not pledged td oppose all
who sustained it.
The democratic p»S*y Sonth, owe their recent
victories to their early, continuous, and emphatic
repudiation of Walkerism. To the confidence in
spired by their antecedents, that they would not
cease to repudiate it, let who would approve it
They owe it also to the equivocal position of their
leading opponents, who gratifying their party feel
ing by abusing Walker and the administration to
tUeir heart*8 content, and yet proposing nothing lor
the South, showed that they were prompted by the
spirit of party rather than the spirit of patriotisn
State Rights Democracy, is not only not Walkei
ism, bnt its most reliable enemy, and if the ad
ministration should endorse the one, it will very
soon part company with tho other.—Spirit of the
South.
Business on the Bay.—Yesterday was, by
long odds, the briskest day of the season. More
money was cfloat than we have seen for weeks,
the cotton market was suddenly inspired with ac
tivity, and though prices were unchanged from the
preceeding day’s operations, about as much of the
article changed hands as did for several weeks pre
vious. As matters have taken a turn in the right
direction, it is hoped that produce will now com
mence to flow in, and business assume something
of an air of life. There is great room for improve
ment in this respect. Our “Comparative State
ment,” published this morning, shows that we have
received since the first of September only 13 671
bales of cotton against 57,915 bales for the same
time last year, making a deficit of JortyJour thou
sand two hundred and tmeney-four bales.
While oor shipments to toreign ports (which by
the way, is an inconsiderable item,) have been
about a third greater than last year ; our shipments
to northern ports (usually including the large body
ofnhe crop.) have been 4,634 bales, against 25,136
bales,, for.the same time last year, making a differ
ence of twenty thousand five hundred and two bales.
This data furnish us the means of arriving at some
thing like a probable estimate of both the amount
of the present crop and the extent of our financial
derangement, both having had conjoint agency in
bringing about this state of affairs.
As before stated, we haves prospect of better
things for the future. It will bo seen, from our
“Weekly Review** that the Banks have arranged
a liberal ptan for their weekly settlements/we pre
sume, preparatory to a more liberal accommodation
of their customers.—Sac. Sepublican.
Savannah Banks.—A mcelingof the President!
and Cashiers of the banks in our city waa heldoQ
the I9ll» inst., and the following manner of leufe.
ment was agreed to—
First: They will receive in payment and on fa
posit the notes of all the city Banks, the notes«{
the Bank of Hamburg and of the Banka of Augos.
ta and Charleston which are received by the Banks
in those cities. The notes of the Bank of Middle
Georgia, and the notes of the following banks and
branches, so long as they are redeemed by backs
Savannah, viz: Branches of the State B»nk,
Bank of Columbus, Bank of Athens, and IheCoQ.*
inercial Bank of Brunswick.
Second. The balance? arising between the r».
spective banks in this city, shall be settled on
Tuesday of each week, as follows: Balances to
be paid in the bills or in checks at sight on the
banks adopted as currency, and in the event of my
bank not being prepared to pay balances again*
it in this way, said bank shall be required to gir e
a check at ten days after date on New York it
pa
Third. Each bank is allowed to pay out at its
till any of the* notes designated as currency.
Fourth. The rate for sight checks on New York
for the present shall not exceed ^ per cent, precoi-
Fifth. Each bank is requested to appoint ooe
person to represent it, as a standing committee to
superintend ttie transactions of the banks, so is to
promote uniformity of operation, to meet every
Tuesday.—Republican.
The Messrs. Harpers.
In relation to the suspension of this house,
the New York Courier says:
'Hie suspension of Harper & Brothers on
Thursday is one of those events for which those
who know them best were not prepared, even
in these times. With bonds and mortgage* nn
productive real estate in this city, for more thin
four times the amount asked for, and bills re.
ceivahle for ten times the amount, and oniv ask
ing to have their line of discount restored with
in $f>,000 of what ii should be,—and with the
solemn assurance that without tho aid atlpd,
they must suspend and discharge between fix
and eight hundred persons in their employ—
they were coldly permitted to go by the board,
and thus be compelled to bring distress and want
ong several thousand persons who were 4s
tlv dependent upon them ft>r employmentf
Who is benefited by this system ? Did it make
the hank which refused to aid them stronger cr
eaker ?
But we have no heart to dwell upon a matlrr
of this kind. In the mercantile history of tbii
city, the case has no parallel; and madness—
bsolute madness and the most egregious folly
iiust have prevailed, at tbe Board of Direction
which perpetrated this uatnele-s act. We ire
quite sure that no failure ever took place here,
hich has excited greater or more merited sym
pathy ; while its consequences to their employ
ees are such as absolutely to make the heart
bleed. And all thijg has been accomplished iu
consequence of a panic pervading a bank par
lor and the president of a Wall street hank lack
ing the nerve to look in the face a weekly
ment which might present him in a less favora
ble aspect than some neighboring institution.
Two brothers, Smith, proprietors of a splendid
peach orchard near Sacramento, Cal , have '
said, realized between 300.000 and $70,000
this year from the sale of peaches.
New TUuertiscmcnts.
g§=> JARKD nura anucounces him*
£v self a candidate for re-election for Tu
Collector of Dougherty county, «t the &
liciiation of many friend*—subject to the Democnt*
ic Nominating Convention. oct.29 31.
E. ROSENWALD & BRO,
A RE now occupying the New and Commodw*
Store on Washington street, just opposite 1 ’
Messrs. Hill & Hill’s Livery Rubles, where they
have on hand and arc constantly receiving a l*rg*
assortment of
Dry Goods,
Lndiea Cloaks,
Sim wls
Embroideries,
Silks and Cuss I meres,
Hosiery and Gloves,
Mens’ and Boys 9 Clotliiof*
Shoes
Boots,
Hats,
Caps,
Blankets,
Kerseys, _ ^
Homespuns,
Watches and JenrelrY* ,
and everything appertaining to the Dry G®®® 4
Clothing Business. All of which they will*
ci eap as they can bo bought South of New Yj*
Bills on suspended Banks Taken at * .
ca!i and examine before purchasing elsewhere-
Albany, October 29, 1857. 31-^.
Declaration of Brigham Young.— Wash
ington, Oct. 93.—Intelligence has been receiv
ed here, announcing that Brigham Young pub
licly declares that he will bum Salt Lake Gitjr,
before he will submit to tbe demands of the
Government of the United States.
Gold .vxn Silver-in the Urited States—
Gold and tiiv r, says a Washington letter, are not
scarce. It is believed that in New York alone,
twenty million of dollars* value of these metals is
la use for purposes of utility sod adornment in-the
habitations of the people. Ail intelligent gentle-* 1
man in .this city estimates tho gold and stiver
witch cases and watch . appendages in the United
States, at from twenty to twenty-five milliona..
MACON FLOUR MILL.
T HESE Mills are nuunifacttiringjslnd.Wff^
band, fresh, the very best Extra
and Superfine Flour, all of wha b is warrant**^
of superior quality. .
IP* All orders promptly filled and delivered
Railroad Depots free of drayngc. .
ET To the dealers through Sf5outh*weste*Jj
gia, we would say that we pan funifsh y©u>r
different brands, wftrich cannot be equally
• .October 29,1357. V £3! ,71 t< n*f-