Below is the OCR text representation for this newspapers page.

SAYAXyAp^ SATURDAY, OCTOBER 31^ 1868; [From tile Nashville Union.] A DEM.VVD FOR MORE CCRREXCT. New York is just now ■ suffering from a financial crisis. ,It appears, that a number of capitalists have combined to produce a strin gency in the'money market; and have locked up about 510,000,000 of greenbacks in the ranks of that city. New York is the great •theuommand of the countrv at the present time, the following: ■ - Greenbacks .... -Fractional currency.'.... Three per cent, notes... SatiohalBank notes Bank loans or credits... UsttUatteotts 38,000.000 50,000.080 300,000.000 609.675.^14 A NEW SENSATION. freest Circulation In City and Country. Tdtal $1,317,675,214 r 216,000,000 Deduct as above Leaving for. 1863. -.:. i..... tint, while everything was at par in I860, our paper money to-day (with gold at 136) is worth bnt 73Jc- on the. dollar, a of 26je., or over one-fourth. This discount amounts, on §1*13^000,000, to §299,715,000. Deducting- from ^tiw tfee SI,131,675,214,' S leaves the purchasing power' of bur circula ting medium only $831,960,000, as follows: Greenbacks.,..,....:... $330,000,000 Fractional currency .......... - *30 qoo 000 MHiran run* eont nntna _ !T* * tolls. ter: to*", Wh'en'no prognostics of rain ms be atoar nerved, if we see a lot of into a tavern we may be certain there will be afew drops, even in th&dryest weather- money center of this country, and it seems strange that with the enormous amount of green backs in circulation, a stringency could be produced in that city by the locking tip of only ten millions. The speculators who are in this combination have chosen a very op portune time for producing a stringency; just when the banksare largely '.drawn:, upon, for' .currency to send to the Sonth and West to move the cotton and produce crops, and, while the United States Treasury is selling' §300,000 of gold daily for currency, thus withdrawing from circulation for. the time about $400,000 in greenbacks daily, or S4,- 000,000 for the'ten days during which it is contemplated to sell gold. It is charged that several of the New York city banks have aided this combination of capitalists. The resnlt of this movement has been that the rate of interest has been run up from three to seven, per. cent,, which is a heavy taxupon ^.Weefcly GOO --itntkx suBscsxpnosrs payable nr advance. Aj1 gnamnnlcmtiona must be addressed to the pro- r 'pS» wishing the paper furnished for .any time das one year will have their orders promptly at- gcJcd W. when remitting the amount for the time de- city anbscriptloh discantinued unless by positive left et the office. STIC AND GULF RAILROAD, _ l f .Savannah, October 23th,'1908.'} ifxeb suMMaL Kov*M&»fc r iI& i this Road wtU run as fallows, cam- Aromatic Arabian Grans. mulatto can be consh Fragrant, 'Brilliant and Permanent. ; WITHOUT A EIViL FOE OFEED ^FDRNITUBE. DBODUCES THE GREATEST BRILLIANCY oa t Polished Furniture; cleans Gilt Frames and ilarble, per iumin g the apartment in'which it is used, euderiug the atmosphere of the eici room delight . 7:00P. XL S20A.1K. . 7:3o A. AC. . rasp, at* .11:40 T. fif. 609.675,214 Total gross. Deduct— Deserved funds. Depreciation, 26 Leaving for 18 Comparing the following: sy* excepted) st.... 7.00 A. XL. OFFICE: 80 Bay 1 Street. - I WOULD INFORM THE BUSHES PUBLIC AND citizens generally that I am _now prepared to EF FECT INSURANCE ON AT.T. CLASSES OF RISES IN Al COMPANIES, comprising LIFE, FIKE, MARINE, RITER aud ACCIDENT. Insuiance at as low rates as any other first-class Agencies. • .. art 3m .$216,000,000 BY TELEGRAPH — TO — THE MORNING NEWS, [uestion whether a man i led to celibacy, ved his grit was in the a man who was caught commerce are seriously deranged by the step. Thus, a few individuals, by combining can make money scarce, raise the rate of interest, paralyze business, change values generally to an enormous extent, bankrupt merchants and create widespread trouble. It is true, that in the hanks in Boston, Philadelphia and other towns, the rate of interest is not so high as at pres ent in New York. They having" a sur plus of loanable funds, have been send ing money to New York to be loaned there. Should tins be done to any considerable ex tent, the stringency will be relieved and interest will drop down to the old rate of three to four per cent The feet that a few capitalists, by combining and locking up the comparatively small sum of ten millions of currency, can produce a stringency like that which New Yoykj is now experiencing; iff causing, ^a pretty - wide-spread. .demaiid^fbr more currency,'and it is likely a stroii{f effort will be made to prevail upon Congress to au thorize perhaps a hundred millions more. The New York World states that the artificial stringency in the money market is the en grossing topic of discussion in financial cir cles, and that the matter of locking up green backs with the connivance of bank managers has been presented jo the Secretary of the Treasury in a letter'from - -Senator-Morgan, and the action of Congress will be brought to bear on it in the interests of the great financial enterprises. The New York Express sayk: *?•*• V5f it' i ' i.\ I x ■ “We are glad to learn that this tight money business has been brought to the attention of a large number of the members of Congress, who have been passing through this and the other Atlantic cities of late, and they have made themselves acquainted with the" modus _ operandi of “locking up greenbacks. ” They fully understand the important part which some of the bank managers play in this busi ness, and also have their names. Consider able surprise is expressed at the absence of the bank examiner at this critical time, and his entire indifference in the matter. This affair will be brought before Congress at the Xrw Orleans, October 30.—Everything is here to-day. Gen. Steadman last night rrhlrew his resignation as Superintendent of the Metropolitan Police, and continues at •he head of the force. To-day an injunction was taken in the Fifth District Court by the Metropolitan Police Commissioners, restraining the Mayor from establishing a police -force, on the ground hat it will bring about a collision. Ike Republican of this evening has a lead er mr-'-king strangely of an intention to have heelectoral vote of this State thrown out by Congress if possible. It advises the Repub licans to vote wherever, they can, without reasonable apprehension of being subject to personal violence, bnt says: “We are certain" that if every possible effort should be made i: would be an impossibility to poll one-half the real Bepnblican vote of the State." It ilsosnys, “there are tribunals pf appeal be yond the mobs of Louisiana, and to them we. an go with full confidence for redress of grievances.' • the following: True in,, one sense.—A writer may be said to be more free than a king, inasmuch as he can “choose his own subjects.” The object .some wives have in blowing up their husbands is doubtless to have tnem come down. ■ The man who minds hi« own business was in the city a few days ago, but left imme diately, he felt- so lonesome.; .. J The opposite of the seeds of discontent— caraway^ seeds. PeopK sometimes undertake to gni and find they can’t go a single foot. " •Was any barber ever applied to to. shave the beard of an oyster ? A popular work of art. Drawing * one’s pay. The lady who took a fancy, concluded on a second thought, to return it, and did so. What is more natural than that sentimental young ladies when they get married should cease to be pensive and get expensive ? If a gentleman marries, the lady mnst be won before they are .married—afterwards they LEWIS LIPPMAN GUE, PEARCE &Co. 3 Cotton and Provision MERCHANTS, 000, or 36' per cent., in the purch power of th'e currency,- as ' compared AXLE GREASE T ns GREASE. FOR WAGON, AXLE. AND HEAVY BE A RINGS, is warranted superior as a lubricator to any other manufactured. One pound. I guarantee, win ran longer and give better satisfaction than four pounds pf any other Grease in use. Warranted to stand any temperature. 4ST* OFFICE at JACOB LIPPMAN’S DRUG AND LYON BROS., COMMISSION MERCHANTS 76 Smith’s Wharf, Pr»j tr Throughout the IVoria; : From the 3d to the 10th of January, 1869, \ a week of prayer is besought, under the au- 1 • thority of the Evangelical Alliance, over the whole world. The ‘ following is the evan gelical edict, with the signatures.attached: j Beloved Beethben in Cueist in Every S Land: In prospect of the coming New Year, j and mindfnl of the great blessings gloriously vouchsafed by God, m answer to the united supplications of His people, the Evangelical Alliance cordially renew their invitation to Christians throughout the world to observe a Week of Prayer m January next. Very gratifying reports have been received of the observance of this annual-week of prayer in different countries, still there is reason to know that hr many towns and cities of our own and foreign lands Christians have not in this way been brongbt into sympathy with the universal Church of Christ.’ The Evangelical -Alliance, therefore, desirous of manifesting the union of all true Christians, and of extending the benefits which in va rious ways have attended these annual as semblies for united prayer, affectionately call upon the children of God everywhere to take counsel and to make arrangements for observing it in their respective localities. The Alliance feel assured that thereby the hearts of Christians will be refreshed, and the hands of those brethren strengthened who m other places at home and abroadplead before God for £he gifts of His grace and the outstretching of .His arm to bless His church and convert a perishing world. Fellow Christians! Let us with one accord, if spared to see tile commencement of anew F. S. WTL.L.I A MS & CO., COMMISSION MERCHANTS Bay Street, SAVANNAH, GEORGIA C ONSIGNMENTS OF COTTON. WOOR. BICE. LUMBER, &C-. solicited from FACTORS and DEALERS, to’ the' address of Wr-ssna. LYON BROS., are both one. Good men to attend auctions —men whose feces are forbidding. “I wish I had your head,” saida lady one day to a gentleman who had solved for her a knotty point. “And I wish I had your heart,” was his reply. “Well,” said she, “since your head and my heart can agree, I don't see why they should not go into part nership.” And they did. PHOENIX" GUANO From Washington. ^ Washington, October 30.—The Post Office deficiency is stated at $741,000. The total expenditures are 22,750,000. Ur. Evans decides that the law imposes no sdiitional tax on singlings, doublings or backings. The tax attaches only when the spirits go from the receiving room in proper condition for sale as whiskey.' Commissioner Boltins departs for home io ta vote. , ....... From McKean’s Island, rue PACIFIC OCEAN, PEE TON 2,000 POUNDS, CASH: Attempt to Fthe Emoby and Henry Col lege,—An attempt was made to fire Emory and Henry College, Ya., on Saturday night week. The report we have from the Abing don Virginian is this : “ About seven o'clock Saturday evening,; thei atadents repaired to their society rooms for the purposes con nected with the societies of the college, but it appears tliat-one young man was detained a few moments for some cause, and as he was on his way to the room he discovered the fire. The incendiary had split up * a piece of pine plank and poured upon it a quantity of Kero sene oil, aud had extended the train of oil across the' College building. R. H. HENLEY & CO., €0TT0N B1IYEBS —AND— General Com’sn Merchants, SAVANNAH, GEORGIA. Office corner Bay-and Lincoln streets, up state: over W, H. Stark A Co's. seplO^tm WILCOX, GIBBS & COS MANIPULATED GUANO ! A mixture of PHCENTS and No. 1 PERUVIAN GUANO, and whicti has PROVED TO BE THE MOST SUCCESSFUL' MANURE in use. PER TON 2,000 POUNDS. CASH: Price at Savannah... ....§63 CO At Augusta 70 OO norroi The Departments are almost deserted on txomi of the election. There was a full Cabinet to-day, except Sec retary Seward and Mr. Evarts. Cigars and cigarettes imported since the &h of October are subject to two and a half per pound and twenty-five per cent, ad va- forem tariff. Kaw cotton imported after No vember 1st is exempt from duty: Depary Collector Geo. A. Moore, of North Carolina, on trial .here for several days for' tiglec: of duty and embezzlement- has been fedmggicL ■' . Gov. Seymour in Philadelphia. PjUuDzlphia, October 30.—Gov. Seymour crived here at one o’clock to-day, and was ulcomed with an unparalleled demonstra- joa by the Democracy.: December session, and it is not improbable that a committee from that body will investi gate and unravel this disreputable business. In this case, io doubt some of our banks might lose their charters, arid their officers suffer the penalty of a conspiracy against the public weal—under which charge, is classed this locking up of greenbacks.” This production of an artificial stringency in the money market gives the innatiouiua h veiy strong argument in favor of their posi tion that the amount of currency at .present in circulation is inadequate to meet the de mands of the business of the country. The Nfew York Herald asks what do the currency doctors and contraction theorists think of this state of things, when a lew individuals can make a stingency and disturb the money market by locking up only ten millions of the circulation ? And. then answers .its ques tion as fbtiows: - ' i.ti- “Why, if their theories were carried put and the currency contracted as they wishi a few native or foreign speculators could throw the Whole country into bankruptcy at any time. The use or misuse of a few millions might make a difference of many hundreds of millions in the value of property and se curities.' We want An ample currency and one that is convertible—a currency that can not be locked np by speculators or drained -by foreigners. We’ want a money system of our own, under' whieh the - people may. be secure against native speculators or foreign capitalists, f Can we not reach that This is one- of the greatest problems of the time. E. W. DRUMMOND, G. C. DRUMMOND, Of the late firm of L. J. Guilmartin & Co-. • - E. W. DRUMMOND & BRO., GENERAL SHIPPEfG PURE No. 1 PERUVIAN GUANO, At Port St Mary’s, apposite Cadiz, there is a college for young . Priests. They were all AT MARKET PRICE. wixcox r 6mm aw., IMPORTERS AND DEALERS IN GUANO, AND COMMISSION MERCHANTS; ALSO, AGENTS FOB THE WILLCOX A GIBES r SILENT SEWING.MACHINE,. He. 97 Bay street, Savannah, and No. *41 Broad itreet, Angvita, Ga. . Our Agents will sell at same prices, necessary expenses added.jy9—ly Destructive. Fire in Boston. Bosjox. October 30.—The car house of the Boston &-Aibauy-Eailrocd ,was burned to-day. toss one hundred thousand dollars. mHE PROPRIETOR TAKES PLEASURE IN AN- _L nouncing to the SOUTHERN PUBLIC that he has completed his arrangements for die accommodation of visitors, and is now prepared to MAKE COMFORT* ABLE TWO HUNDRED GUESTS. The BATHING ARRANGEMENTS are the most ex tensive and delightful'of any in the country, and the water and climate have proven themselves unsmv passed in point of health. There is a good School and a Physician in the neighborhood. We have a line of FOUR HORSE COACHES, to connect at Box Springs, Mnaoogee Railroad, with the different trains. Persons baying tickets wifi state'that they are going to the Springs, and thereby secure tickets at HALF PRICE. tff- Rates of Boabd.—Per "day, $2 50; per week, $12*00; per month, *30 00. Children under twelve years of age and servants half price. jy28-tf C. B. HOWARD. Proprietor. ' DYSPEPSIA, *" *■ HEARTBURN. , HEADACHE, w '- “ ’ NAUSEA, J GENERAL DEBILITY, PALPITATION OF THE HEART, SEA-SICKNESS, FLATULENCY, SLEEPLESS NIGHT§ And an the unpleasant feelings, fee resnlt of indices- tHl , • •» , „ Do you feel badly after eating? Axe yourhandsand feet sometimes cold? Do yon experience wakefulness? Is it hard to get a good night's rest? Are you nervous, with palpitation of the-heart? Are you sometimes nauseated? Have yon loss af appetite? Do you faal that you need some kind of a eta mutant? TEY. ON32 ^OTTLE OF GAST aa.IJV E I Ana you will bear testimony with hundreds who hare been benefitted and cored by its use. AS A flORXING TONIC THE PREPARATION HAS NO EQUAL. CHRISTIAN & JOHNSTON, General Commission MercBants, BAT STREET, SAVANNAH, GA. S PECIAL ATTENTION given to the sale of Cotton, flour. Grain, Bacon and Merchandise generally. Advances on consignments to us.br our friends in Liverpool, New York and Baltinrofc. oci-lan.- {From the Atlanta Constitution.] . DIRECT TRADE VIA SAVANNAH. In a former article we referred to tbe efforts thich are being made to open direct commli-' iiication/between the States of Tennessee and -Tnginia and Europe via ^forfolk. We pro pose to show now, that for the purpose of es tablishing direct communication between Tennesae^ and Europe the port of Savannah R. A. WAtliACE, General Commission Merchant,. XSB T)V*IiFR IS 2 . . PAPER, PAPER STOCK, HACHESERY WASTE, MOSS, <tr., Ztec. -TJABTICULAB ATTENTION PAID TO CONSIGN* 1 MEXTS of PRODUCE or MERCHANDISE JONES* UPPER RANGE BAY STREET, River side, between Whitaker and Barnard streets. ptssesseskuperior advantages, and is able to offer shippers to and from that State, greater inducements than Norfolk. Steamer lines lines nmning either to 'Savannah or Nor folk would demand aboilt the epme rates 9f transportation, both for passengers. and Wght. The rates of insurance would be Psctkably the same. In these respects the two ports are on an equality. This be fog true, it follows that the seaport. which h most likely to make direct-trade be- •veen Tennessee and Europe a success, ^ that which offers the-greatest facilities tad the cheapest rate, of transportation fo the seaboard. From Memphis, Nash- ville, Chattanooga, and all points in Tennes see west of Chattanooga, Savannadi is 216 nearer by rail than Norfolk. Estima te? the price of freight at two cents per ton Pa mile, which may be regarded as the rnini- owi rate that any railroad will accept for °?asportation, the roads leading to Savannah vH be abie at the same rate per mile to trans port height to Savannah for $4.32 less per fon Qian the roads leading to Norfolk can oenv it to that point. The saving on cotton tedd be something more-than one dollar- per eefo- At two cents per mile—which is the emigrant rate—each emigrant going to ttattanooga or beyond would save $4.32 in ^asportation. But its location is not tbe only wantage which Savannah at present posses- *** over Norfolk. It has not only tbe short- 83 jine, but the roads composing .that tins “e in mnch better condition, Letter equipped, wdniore likely to give certain and-quiek Scliool Notice. T 3E SUBSCRIBER, ASSISTED BY MBS "WEST and other able Teachers, will, onihe SECOND DAY OF NOVEMBER .NEXT, reopen her, Home Hay. mid Boarding School, octl-lAwlxn Thubsday, Jau- 7-—The Church : for more knowledge of God’a Word and increase of a spiritual life ; for sound and faithful j>retch ing adapted to rich and poor ; growing love to Christ; a more earnest love to Christians of varied name and of all nations, and for the sending forth of more la borers into the harvest. - . Friday, Jan. 8.—Missions : fqr the conver sion of the heathen and Mahommedans ; for the growth of missionary zeal; for the re moval of hindrances to'preaching the Gospel among all nations ; for recent converts, and for all who are suffering persecution for the truth. . - Saturday, Jan. v 9.—General: for the con version of Israel; for the circulation of the Holy Scriptures ; for Christian and philan thropic societies, and for the outpouring of the Holy Spirit on ^zistians and Christian THAXT0S, CHEWS & CO. 163 Bay Street, sAvAjscBMLaH.' Georgia. oc8—tf Millinery anti Fancy Goods, LEGAL NOTICE. .125.747,9501 to th& ourrancyi Jthera were loans or credits, which were the same m6 y xhe bank loans and deposits for es of years beforethe war (privatebftnkS Sse excluded) were as follows':' BOOTS AND SHOES. •Norfolk this 212,706,000 634,163,000 030,351,000 684,456,000 .135,822,000 583,1C5,000 ^pqgb»p94.945.000 ^rchan^s of cfges yyefe called on to ^^cribe certain amounts to build steamersj J^^^^CoQventloh'Certain amounts were fo> notice of any lme^af steamers being al- established between Norfolk and and presume that none hSs yet time advertised in our columns, con- of five steamers already, bixilt and one of^Mcdi m adveiti^ to san Sayannab on the 15th proximo, and ^i-modgfiyBwamWiy » the steamers no- building are J^pltfed, a steamer will leave Savannah for every week. We are glad to Snow *4&t these efforts to inaugurate and establish Jkstiswifeidiianf such vital neceaity to<thp have bsen made, and hope that the ““fnaise -will be carried on until, by combi- with the several tines of railroads, r^rt trade will be established, not only be- We have, then, as available circulating me- inm for the transaction of commercial ex- langes in 1860, the following : COLORS. STATE OF GEORGIA—LIBERTY COUNTY.—To 3 all whom it may concern: Wherea3, Simon Harrington win apply at thaOomt EEfSTEDf, ECKMAX & CO. gelical Alliance. . ■ tss Eswn tea A. Gikiwiait D-V ’ T.' ■ President of the Netherland Protestant Society. - llTir-’^ —* . : J. Adrien Navtt.t.e, T.' Meylan, _ - - . President and Vice President of the Gene va'Committee. Johann C. Berger, ISAAC ^jjRLICHf* WHOLESALE TOBACCOXIST AHD C0M- DBAYTON STREET, jdOBXERBAXlASE, ^ J. FERNANDEZ, Proprietor. mHE PROPRIETOR OF THIS WELL KNOWN I and popular SALOON would respectfptly inform Wherea=, Virginia X. Fulton will apply at the Court of Ordinarv for Letters Dismisacry as Administratrix on the estate of Gaspar J. Fulton, PLsaid county, de- piyiyA . . h . These are. therefore, to cite flnftinmonigh all whozn it may concern, to be and appear before said Court, to make objection, if~any they have, on or before the first Monday in February next, otherwise said letters will be granted. —* * * ' ' Witness my official signature Ada ICth day of J^y, 1868 b.-A. O his friends and the public that he has liKFITTED IT THROUGHOUT, and haa now. as ieretotore. the FINEST ASSORTMENT OFUQUORS TO BE POUND IN THE CITY, tjsr JS3FH* —w .nimnm { JW-The LUNCH TABLE will be set as rwual at 11 O'clock. " ocll—tf therefore ro cite and admonish all wh: Usivebsitv OP VraGisiA.—There are now 445 students iu attendance, including 42 from Maryland, 170 from Virginia, 3 from the District of Columbia, 5 from 'West Virginia, ■27 from Georgia, 33 from Alabama, 29-from Mississippi, 17 from Tennessee, and others from different sections of the country. Southern Bag Manufacturer M. P. BEA1FOET, Exchange 'Wharf, M anufacturer of sails, tents, a-vvntsgs, BAGS, CAB COVERS, HOSE. DRAY COVERS, FLAGS, etc., and SALT, FLOUP. and GRAIN SACKS. 46p*FLOUR SACKS neatly stamped. TARPAULINS for sale or hire. *, ■. _ *ep!9—3m S^d to circ^ition $300,000,000, total $865,000,000. SSw7five cer cent of this amount is 52X6 0j)0 000, which should be deducted. SScjS&- loans, according to the same re port, were $609,675,214. This gives as the 5®*’fconrthe North. While as Georgians.we rf® 18 to see Savannah take and maintain the rank in this great enterprise, we shall wiue time as Southerners rejoice at the “—blishment and success of direct lines of ^ffimunieation between Europe and all population of The British Empire has a about 250,000,000. Branch- --—— r —- o Herman 3 » Secrefitryofii Irt T — Jessnee, he German Branch.