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<fljf JfiarDH Dnilij Ctltgroplj, J It tt-BI-Dji IS. BOTKIN. • kd itori, S, 1 ’ r ( TCLECRAPH BUILDmc .'oratr of Chorrj Md flccood Strec MACOP. B1 — mm m '■■SU'-B.L [|\ y , r! . /\ ix THl 1 MACON DAILY TEL1 EGRAPH. 1 ' || —p r - ■ ‘ ' “ - V . OLD .SERIES, NO. 13964 \ ai MACuN, UK0KG1A. WEDNESDAY, DECEMBER IS, 1865. (NEW SERIES, NO. 184. ATTORNEY*. C OBB A JACKfiOR. Attorn-at l», Macon. I ita.oflrtopptJilB fol onf, oBttat TT%... i. Hurt ttrret. *i howkU i s • i APSBJittBBAtt H*K$ fe KfTefraaipt attention to all WntMiuM to r« *aur, JR. ' \1 , ■> * bass. <k*7J«* . - - „ ; ir « P. WHITTLE, Attorncj. at Low, (ode La omrajac'a Dm Bton, next to CWII{ L’s. WmrtSj. » ) . i f Kl- WHITTLE. PHYSICIAN* AND —WWW* ' |REMOVAL-Dr. B. A. White noworeapte* two a.»,r tolRC. fosaJateht or IAB Ma n. HOLMES, to* MB be ecu be jiuHj at-enU | -limirance _A.gen.cy, T M. BOARD MAN D Ajrot for the following | M • reliable IxanuxcE Covraxiz*. THE LORILLARD FIRE INSURANCE CO., or tbs'citt or xi* xoax. | r _ Caab CapHal.."........:... BLNfcfto AaaeU .. — ,.j..tf.M. «L318,000 ProBU annually divided, 75 oar to the dealer*. This Cotnjatij divides three quarter* of the net Pre*. ARLI8 /on C. Milw, Sec. yOBTH AMERICA FIRE INSURANCE CO?,' or thx citt or axw TO**. Otob.A(ttoBi.,i, *731,468 50 Polley Holder* participate In the Profit*. '■ : „ W K.rr,r.. JA8 ' W ; °™. y' ~ ' jjl r i -If ODMMOKWEALTII FIRE IKSBRASCE CO., or THE CITT or IKW TQES. . ......9350,000 "Y _ • , „ ■ ' J. IIOXIE, President. Uco. T. Haws, Sec. Brown . Hotel to tee itnn, Between Poplar and nt™—- ——- - — -— "SH T‘-?’S r ffiriaMhtal uutoaTFT.e hukisifcUt! SKKW'saMSs.*’* "• L£ . ■ ! A8BURY HALL, Proa. Aim* Caaaa, 8«c. t ta THE GEORGIA HOjFefFrI INSURANCE CO. el ;.ne or coli.mbcs, oauuuu. * ™ C. /. WKWKIKLT, flloMorofnuup SSSKfca'SSfSSBi.' mUT-M. D OtBre Mulberry j. m. .r tValaat, h R. W. P. PARKER—natoeace an* oflee on Malberrj atreet, (opposite toe Med»»lXol- lage.1 where be aw J be foaad at all boar., day^yd ««r Knott A _ rntylMm TBHTMCmiA-Pr, J. Bnu<K« gMahear. <* MT MBtoh^tfaA*(d«^inHaee atreet. r toe aaylarafurthe *°S- . mr , Com—10!l MERCHANTS; TEWRTT A BHIDEB,’ WMcaiUe Cotwaia- rI alon Merchant*. and General Agents, ttooond atreet, betwaea Cherry and Poplar, Macon, fca.— Prompt peraoaal attention (Ira. menu «C cotm, pwiiT ^HMtoiM^nau'pStoi dftoe'ionntry.'Agenta Ur aereral Brat rtaaa Inattrance Companlca. ut.ll.lm* JEWELERS. r H. own—'.. . *1 . Watebe., J<ro«di7,pV. pMMLlhdd, Surer and Steel Spectadre, Ac. At Itooid aland of J H *88 Vlrjfn. Cotttm Aren nr, Mm^oa. Writ Mr. P Heltell will at tend. PURCHA8MO AGENTS, , , . Third atreet, - - Macon, Gcorgl*. 'H7’E oiler onr aerrlcea to the public, and will -f V Y -Wtre petaonal attention to all bolalneaa en- trusted to ns. We aollctt conalgnmenU of gooda of ererr de- acription, particnlrrly country produce. ~~ analnta |*«m •tore honac. p J. HARTLEY, WATCHMAKER, late work Mama.Ua. WatcW Clock. HARTLEY, WATCi . I n foraidnry It. I)ar, continue, to repair . at preaent la the I lord Uetoe Rulldlo.^, > Medleal OdWga, Mollierry strceL tmiakcr and, Jeweller, rafrom the corner of a well aelectcd aisort- r Watcbm ind Jewelry,. AUo. Watchm and Jewelry carefttlly repaired by . mpWBlm, r MISCELLANEOUS. M ACON DAILY TELEGRAPH Job Printing Otfice. Job work of every deacrlpllon execu ted on abort notice and In good style. Terms ri C 1 J. ULAKE, real a-lato agent, Macon, Ga. I. Persona hating hours lor sale or rent, or persona wantbwto’ rent hetiaea, cannot be bet ter nulled Oran by MUng on tne. From my lung experience. In tbo real entate bualnoaa.I aui better prepared to give natblactlon than any other lirraun In the city. . tLj. BLAKE. Maren, Ga, Sept. to. Mi§ j j r P J. A D. LANK are now olRring for sale a 1 • large lot of Sole and Upper Leather. AUo, Train OH by retail. Next door to Express offlcc, Mjron. Ga - novU-am* CaplUL. 1>. f. 'YibOOX, Sec; JAB- F. BOZEMAN, Pro*. on Cotton, Merchandize, Furniture or - taken in either of the above " Mt liberal rates. * «*? ,f“!5!LP¥9“pQl_s44. 1 «S»Sm J. M. BOARDMAN, Agent. ■Q.^NNErfi BRO., COMMISSION MERCHANTS, Meaara. Hardeman It, S parka, Harris A Roai and Errv. J.'W. Bnrke. Rou, Aab- T. e. bidoei.t. n. L. squich. a. r. wskkex. RIDGELY, SQUiER &, CO., COTTON FAOTOnS.GENEKALPliODUCE AND COMJIISSION MERCHANTS. :,t,0 ., Xunlcr House Bull^dg, macon; Georgia. I /laOT^lHdlhilitt; OiSC: T. K. Bloom. JJ. WUcoz. Gen, J. T. Croxton. Macon, Gil Holme* & Patterson, Hopkins & Bro. Now York. C. W. Bruner, Savannah. Tucker & Co., LouUvlUe. oct27-3m. VIRGINIA AND TENNESSEE LINK T HROUGH receipt, given by the Agents of the Southern Transportation Company at freight I to Baltimore s«l New York, at guaranteed per hundred pounda aa nor hale on Cotton, all IltiggU'vunri Faultily Jvracy Wagons, from Concord and* heath.v.houO.j I W E will noon have a supply of Buggies, top Family Wagons and ltarneaa made to order atCONCORD AND BKATTLEUOKOjuipnawly for this market, and will warrant them to give entire aatbfacUon to all purehaaeni. Wo a 111 sell no work not made expressly to our order. Those from a distance can addreaa tu at -l.t.-onlto care. W. C. Singh tom, 6r at HawllusvnfejHTS <Nt7-3<n McDI FFlE, MASON A OO. SCOTT, POWELL & CQ., BANKERS & BROKERS, 3d Street, MACON, GA. ftiulir lu Fordfn and DomestlcXxchange,Stock*. Bonds, Gold, Slim, Bank Note*, dtc. inir boott, c. a. xiTfiso, a. m. rowku. School Bookn. rcirt’i!,Towns’ and McCnfley** ne- _ ri« of Readers. Robin*on’a,Smith'», Davie’a and Doad'a Arithine- METROPOLITAN HOTEL. LATE BROWN’D/. IKnAIapfan, I), 4?, V I bis leading Hotel, Renovated end Ke-lornished !- now In perfect order lor the reception and ac- ooramodatlon of It* old patrons. oetl-3m ^HOWiJfiLltD HOUSE, El’FAULA, ....... ALABAMA. J. IV, Howard, Proprietor. '*, Mouteith'a Colton and Geographica and Atlaasea. curb's and amities and Bullion's English Gnun- Faauuellc*. and Pinncv's French. '■ ' — 1 - Copy Books, Slate* and Pencils, Taber's Lead l’encits, GilUot'a Pena, (No. 303.1 Portfolio*, Urcam Laid Writing Papers, .Bon Ton, Opaque, Canary, Melon and White Laid Envelopes, asaort- nd Guitar String*, Musical Instruments, for Mein way A Sons, Socbbcllcr & A Gale'* rifuoa tor the Slate of Geor gia-) , Combs, Brushes, LuMn's Extracts and Soups, Pomades, Hair Oils, Pocket Books, Playln; Cards, All al U*j lowest prices. ' ' JOIIN C. SCHREINER A 80XS, scpl7-3iii Macon, Augusta and Savannab. Christian Cue I Latowllh Phelps, | Caldwell A Co. I the akortcat notice. wx. y. n»nop. R. M. BISHOP &, CO., WHOLESALE GROCERS •Vo. M Jf/vfa (d/in* door* kb is Cdumhio Stmt, Cincinnati. Tuck, Our la A Co., Wholesale Grocer* and Commission ' ' Merchants, 333 Main street, between Eighth and Ninth streets, Loclsvji.i.k, Ky. Consignments Solicited" ' _aagaMJm • ' ":a*iM : !*• '«l»* A. S. HARTRIDGE,' J. M. COOPER, Auction & Commission Merchant, ALBANY, GEORGIA. \\/ ILL give bis personal attention to the pm> VV chaae and shipment of COTTON. HE IS ALSO PREPARED TO MAKE LIBERAL Caah. .A-dvajices On Cotton in store In Albany, Ga., for shipmeat to Messrs Xouto-v, Snaiauntn A Co., New York. hlm»clf tli&t he can jjlve entire satisfaction (OMMKslON iNU FOHW.IRBWfl JMSIS' Rmprotfully refers to J. B. Rosa A Son, Msecs; T.JLJobmoo, Alabany. MERCHANT. 92 Bay Street, SAVANNAH, 6A. oct29-2m Co-Purtucralilp Xotlrf. >•' T HAVE Tins DAY with mein A business Mr A. R 8KTMOUJL Macon, Ga., Nov., tA 1*5 jamcs sxr>rotr-J [x- n- rrasigr SErMOUR & TINSLEY : Commission Merchants, «aa C. MUCMAXAMw^r ATf^KXW BVC MAN AX. ANOREW BUCHANAN & CO., Grocers, Provi^n Dealers, CommlsAton and Forwardin^M^rchants, . ,„a^„ .» So ' ^ •“***»- [ : T Particular attention given'to the purchase U>1 Is\ ILLS, - -- -- - - * * k* ' and .hipping of cotton, cotton goods, etc Oidaaa to.A—M Prvvl-ioai, B»<j.iiur and ; aorlwild ; ‘ 1 jLa - executed VaxhiiHf 4 Cha«anooi;a Railroad. JEWELRY - STORE. rjX) Px.-rongcrs for the North xnd Wc>t Express CHERRY STREET, MACON, GA respectfully rol!Icitcon.-ieumentsot Groceries and Produce of every description. E. J. JOHNSTON & CC., rp.l! 1 J JL train leaves Chatti Jtihmonville and points on Tenrw*<e river, Padu Have re-established U»* old and wttl Vno.u' oto. Cmr^nd St Louis, and Lc.nisvIUeutdNa.h- vlUe RaUooad. Faro from Chattanooga to Nashville S 7 75. on W. A A R. R. connect with this train. 1F.WELRY STORE and WATCH REPAIRING BUSINESS at Ho. 0 Colton Avenue, aadartor Masonic nail. ' They have Jnat received a select atotk *>f »M ! l.‘ m v rowdved and forwarded on quick Unre rtiMfi tadqaalitk* of pood* kept In tbeir lint, * re 17 moderate rates. ' : ;T J. - ; incladln^ \Yatche<* Jetdrv, Spectacles, Gold iff? WM. P. », Owlee Cutlery, l’ort Monalck, Ifervchanma, ^ iW, Bnukca, Violins-, Guitar and Violin' Geu’L i*«»#cnj{tr Anient. octlS-Sm. MAMMOTH DRY GOODS STORE! Latest Arrivals from the East, i b. k. vntndrr. W. L. KNOTT. of all d.-scriptioti-. | o.*ortmeatofXoU» K.'itaAL- Trinuninga in general;! fine White Linen in large quantities: a good line of fine French and English Shawl*: the latest style af Plain and Fancy Balmoral Skirts; Ladle*’ Shoes—larger than any other hoiue la Macon. We arc alio In receipt of a very large indwell ■elected slock of Gentsh^to—m MraUIag Gooda not aorpaaMhle In New York City. We are ollcring to thepnbUc to aell all -goods with a very small advance, and. in fact, lower than diy honaeia Mamm. tones’•SKSaS'lSS JODOUf DOBKln (be East, ire can, tnefexore, Rite , in dixnclwdrtn, torther emU attention and clegant supply of Goods, which with great care by onnelvea; and this market baa qualified us of the purchaatag com- 'aBonr old (Heads, as to TTSSSS^ mcrchanta^vrin find K to thdr J ^ '*9* lir ^ to advantage to give u* a call. within tea days. w| GLASER A ROSIN SAMUEL D. IRVIN, Soessii-r.-t j Lfvi « 1'-'. i a ,t' C • •' '• i i.i B 1 ATTORNEY A T L A V> \ ALBANY! GE6rGLA ' ' V"Ill! ' ,u Real Estate Agent for Sonthweatern Georgia. Proo.pt attention given to an hualnesa entrusted to hla car*. , novI4-0m E. THE G-EM. W; THOMAS & "l sib Have fitted tip the GEM in elegant style wiinL _ k furnltnrc. They have a splendid BAR, well stocked with the beat liquors, Cigara, Tobacco, Ac. Their, fine stock of Wines, in bottles, will be sold at the most reasonable prices in the tnarkoL THE EA TIXQ DEftl It TiLENT Offer* to the public the finest Bill of Fare in the mirket. The bestYork river Oyitcrs arc always kept, oq hand, fftjab, andean beliafl In any quantity, at Mltttttt ' can he supplied thejowest market rate*. Fapiilies a In any quantity and without delay. E. W. THOMAS i Georgia., AS A Co., Gem 8«I0on, under Floyd House, nov3L8m ■ Macoh, - ^ 8 HO RTE3T, Cheapot and Quickest Route TO N3JW YORK and BALTIMORE, „/l BytheGreat > bto Virginia and Tennessee Line, Thntjfh Ercciptt giceii ly the Ayentt ttf the SOUTHERN TRANSPORTATION COMPANY From I MACON to BALTIMORE *13,35; and NEW YORK *13,50 per bale.on Cotton. Rate of Insurance cheaper than any other route. All packages should be stamped S T Co to fiicil Rate transportation. THURSTON, R. BLOOM, .Agent, Macon, Georgia. ' . ;y" . . Y. G. RUST, i i, nov31-3m Agen^, Albany, Georgia. W5I. U. TISOX. W«. W. OOltDOX. TISON & GORDON, Cotton Factors, Commission and FORwADIKQ li^BCIINT^, 1H> Bay Street, SavamuOiq Georgia. S PECIAL ATTENTION wUIft»e ^ventothe?ale of Lumber. Rotvin, Turpentine, &c. We arc again at our old olBce, prepared for business. An experience In this city of over eleven years,and our undivided attention to all busiueil entrusted, in- dncea us to hope lor a continuanco of the liberal patronage heretofore extended. ocfS^JJm ^~ErMrBRowN;“; OPPOSITE THE J. AXIS It I/O OHE, -arwyniTTHTniitn the attention of his .customers VV. and the public generally, to hla large and well-selected Mock of ' Foreign & Domestic Dry Goods. Which he offers at very small Advance on Gwt -TIIE STOCK CONSISTS IS PART OP Bleached Domestics. Brevvn Domestics, Prints, Ginghams, French and English Merinos, ■jT Alpacas, Jlolimf, Poplins, Thyhcts, J I Opera and Fancy Flannels, _ De laines, Silks ill great vnrie- '• ty, Linens of nil grades. IlooptkirtcofhU thee and Balmnral Skirtt oj - Superior tntHe audjinith. Your si>ecuil attention is called to my CLOAK AND SHAWL DEPARTMENT, WHEKE TOO WILL rlSD THE LATEST STTLES, NO UVEANT-E■ trA-DIlS-8 v -if A VS, • -,-A BEAUTIEOI. ARTICCE.A T. A Splendid assortmerir Ilf Dress Trimmings, Perfumery, Soaps and other Toilet Articles, Veils, White apd Fancy Good*, Gloves,' Gentlemen will Hud agtwdatoniment of GEN TLEMEN'S FURNISHING goods, a large lot ot Pocket Knives, the Ashlcnable Rug or Fancy Blanket Satchels, and evsvythingelae belonging to ^Tottose who nave not traded with me In former day* I can only saf. R* ve “ e • trial . while 1 “» satisfied that VI old customers have but to read V> J gS^“"^H^BBOWN. QO <154bn . Opposite the Lanier Hopw. BOYD <k GORDON, a y.i Wholesale and Retail Druggists, Cherry St, 2 Doors below Telegraph Bnilding, MACON, GEORGIA.'i.-'' We are rccttvlng weekly additions to onr stock of DRUGS, . MEDICINES, . . ‘.12 ' PAINTS, .1- OILS, GLASSWARE, ETC., and we solicit MERCHANTS, PHYSICIANS, and PLANTERS, to call and examine opr stock and prices, before inn haring elsewhere. N. B.—Special' attention gtfeo to. PRESCRIP TIONSanu ORDERS. novlG-3in BOYD A GORDON- Southern Transportation Company BILLS LADING FOR MEC1IANDISE GTyEN through from New York to the following Uane at ,....*4 « pertflO lbs Americas at : 5 50 per 100 lbs Albany at 5 C5 per 100 lbs Cuthbert at 5 77 per 100 lbs Byfca- at Tl'Ml f WO lbs The Roads are now in good working order, and good* com* through' pTMnrtW.- 1 **''” T. R. BLOOM. Agent. noTSVlm . a .oioct. Alw-fia, Ga I * ings. Doable Barrel Sporting Gnns and Tackle, j I H H r.r. ;—:■•!! -rap-. Marbles, Ttqjs, China Dolls, The Latest AlTiVal. Playing Cord*, Dominot*,* Backgammon and Chess Men, Lubln’s genuine Extract.', Toilet and Shaving Soap*. nov34-d2m Fire Insurance. E. C. GBANNISS, General ln>uranee Agent, Macon 3 THE Cotton Warehouse located in thia place ' . thl I ^»^^i^d a ^S D S.'WHIGLEY & KNOTT, INTO STEPS AND DEAI.ERS ■aid road, can shelter all cotton that may be (hip ped from Macon and other point* on the South- wastern Railroad via Apalachicola to New York.— We will receive an cotton consigned to ns, st the zafiroad depot, drey It. rndpnt it aboard afthe! ...J • U boato at one dollar per bok. t . Ja 1 S^HSSS&S?i^ardware and Cutlery, gfoUy solicit order* tor the pnrehase of cotton. . ]«''*»"> * long experience In that line wm enable ns to | ' , . JC purchases to the beat advantage to those who if"' 'm m favor u* with their orderv • s Iwl : 1 1 howto operation a new Iron Screw _We hart howto operation x nesf ||hii'Screw • R. G. MORRISVk CO., 1 -i/r Georgetown, j JVi. KETXKEttcEsr-Rosa A Seymour, J. 5V. Fears, r. . 1 , iiggPovreri, E*q., all agenta on B- W. R. R. -VroncE—Hack Hue to Pmy. Hack wiUIe»e HO USE It Fort Yalley on the arrival of the can from i ij ; BUILDERS' HARDWARE. ecbani.es’ . Tools .FURNISHINGS. Macon every Tarnday rumday and Saturday for Parry, G*., returning to time to connect with trains from Albany and Columbus—o’clock, P. M., tor Macon. octSl-Sm* W. A. GRIFFIN A CO. 4 WILLOW WARE. 13 ui ckets, Tubs COLLECTOR'S OFFICE, — United States Inteksal Reyenit. 1st Diviiiom 3d District. Georgia. Macon, Dec. 5, W». ] The Assessor having returned to me a list of per son* assessed for Licence*, ctf^ tor the- counties of 1’ mbb *i>drMgprer,.th)*. imittltim* >—Jo n—mt/r that thc Llcehsos are now ready for delivery, and . '• . . , that theyaro retpiirad to tail w send fer tbem Ralston’s Range, Next to Express Office, ■ lawful money is not row recommended, Sqcretaty is of .(lie. opimop thgt NEW ■ STYLE MEAL SIFTERS, At Wholesale and Retail. decfi-IOt J. C. McBURNEY, ’ Collector. ,|l MACON, GEORGIA FURS WANTED. ■ WILL pay tor Mink Sk|ns, prime, 7.5 cent*, . Opossum Skins, prime 35 cents, Coon Skins, prime,'20<ehts, |K) Bearer, Otter, and DeerSklns according to val- ;. N. K. BAUNUil, Dealer in Dry Cords, Triangular Block, nov 20-lui Macon. Cotton Shipped Direct Plniio For Suit. ■.n. WKl'KW' —Tfi \ SPLENDID 8EVBN OCTAVE nANO. One of the very best. 'll'- deett-it , I. R. BRANHAM. For Sale. 1,500 BUSHELS COTTON SEED, Boyd’s Pro- lido, neir <*rop. ALSO 1,000 BUSHELS CORN. dccG-St RIDGELY, SQUIER* CO. •' Heavy Stock of •» BOOTS & SHOES. W E are now -drily m-civing large additions to 1 onr stock of 1 BOOTS, SHOES AND HATS,' 1 to which we taTite the attentlbn r or Country' Mer chants and the public generally. " " ' Our stock is fame and varied. We can fill a bill, lroia a coarse Brogan to the finest pump-sole Gai ter, of from a heavy Kip Boot to dne finest Pump- Bold ! Alto, Ladies, Misses and Children'* BALMORALS, BOOTEES AND GAITERS. We are anxious to trade, and parties wishing- good stock, at very,low prices, can bcuccommpdu- ted by calling at oaf store. ::n . Opposite Lanier House, Macon, Ga, deCJ.3 SINGLETON, HtjNT Sf CO. 5VTTII BUT ONE HANDLING. X HE mibAcribers having made arrangements for rebels to ply between New York and.Darien, will receive cotton ou board tbeir l>oxcs at Macan and Landing below, and give bill of lading for the Mine through to New York. r The Importance of shipping cotton by this route where the veseels meet the boxes and wlicn practi cable, transfer the cargoes Immediately lrom the boxes on board the vowels, giving it thereby but one handling, will be readily appreciated by all cotton 6hipgej¥. IK SU.n AXCES. They are also impowered to Wttre cotton ship ped on board tbeir lioxes to a limited extent and at moderate rate?. BUTTS & BROTHER, •"** dcc8-2w Macon, Ga. • NFTW FIRM! Sr E w Gr O O F) S 3 ! :'.i : itit-'jt ■ nimi••• NEW" PRICES!!! ;• rt ir**- ;/ f * * 9 'f.' 1 ^ ‘ ^ ■yyiiolesale and Hetail! E. EINSTEIN’S OLD STANiDV HARDWARE AND CUTLERY. SCAEEAnT & OUED, Iron Front Store, Cherry street, Have in store and arc receiving dally a frill com plete stock of Hardware,.Iron,Steel, Hoes, Chains, and Tools of every disenption. PLANTERS, CARPENTERS, MERCHANTS, • ■I'.J MACHINISTS, BUILDERS; i0 ", . BLACKSMITHS. Carriage and Wagons Makers can be supplied with everything in their line. 7 1 ' Vor Sleum Saw Mills a Full Assortment of : RUBBER AND LEATnF,R BELTINGS, - CIRCULAR AND MILL SAWS We ar? eatistied that with five years experience and personal attention to buainess, we can make it advantageous to the interest of purchaser* to buy Of us. Call at dec2-lm * CARHART & CURD. T HE undersigned beg leave to inform the ladie* of this city, county and Ylcimty and the pubs lie in general, that he ilis now open and ready for attention sale at the well known and popular old stand of E. EINSTEIN’S, TRIANGULAR BLOCK, Ouc of the beet vetekUA Stock* ot ' ‘ Staple and Faney Dry Goods to the Southern piarkcta. Tl»q goods were scjcct. cd by Mr. Eixstxix with great care; and as he U now in the New Yotk market »r the sole purpose of selecting goods, and watcitog the best oppor tunities for buying, I hayc she advantage over all other merchants who are *ot similarly situated. I shall receive new addition* to our stock eve- 2 week, and will beaTurays prepared to exhibit to e public goods ofrnc Best Manufacture. Latest Styles, -1.// • AND • "1 '* • Lowest IKiT : i 0 ty:#r i © e s. ily stock consists in port of the following' coeds: Prints, :: ' Printed DcLalncs, . All Wool Delaines, a-T Empress Cloth, *- . , poBDeOrivnad r 1 > English and French Merinos, .!; Scotch and Ycnitian Flaiis, Solid, printed and figured Poplins, Black DcLalnes, Alapac**;' - Black Silks, , _ . Merinos arid Bombasine.*, And many other goods belonging to the DRESS DEPARTMENT A full and complete assortment of . Linen Cambric Handkerchief*; u> - Ladles’ Linen and Embroidered Cnffit and Col, Boland 8h*kcr FCappels, Plain ami Fancy Opera Flannels, Bleached and Brown Canton Flannels,- Blan kets, Ac:, t . M'm .-fit:':nit •» Hosiery, 1 - j. . Gloves, , .: „ .. tafeo Ladle*’ Merino Vests, ■ Table Linen, ’**!>• " - ; Table Cloth, r I'-'B ' ' ■' r Towels, - a ■ ■ ■■ - Toweling;,. ' .. ! And all other article! belonging to a Number One Dry Goods Store. Wc call the special attention of the ladies to onr CLOAK AND SHAWL DEPARTMENT, And ray with confidence, we wilt roll these arti cles at* _____ LOWER PRICE, Than any Other Ikju-c in the city and WARRANT the goods to be of the , . "1 . • i Beat and float Fashionable IWnnu- a l il;/ far £ a PC-, ’ Invitation to Give Evidence.—The committee on the financial operations of the State send* us the foifoning for publication, and we call especial Mtt—1 to it: Miluedoevilee, Nov. 38th, 18C5. Whereas, wc have been convened for the pur pose of making “a thorough investigation and examination of the financial operations of the Stale of Georgia from 1861 to the present timet"' ' ' sire, without prejudice or partiality, to t the duty imposed. We invite all persons to come forward and give, under oath, all the evidence they may have that will threw light on the subject mat ter of investigation. On motion, the above resolution was referred to the Provisional Governor for publication. THOMAS SAFFOLD. Chain»*n- C. J. JORDAN, . o. alochivane. ■ 111 • Exwoutive Office, 1 "d MBlcagcvUle, Nov. S8th, 1885. ( The Telegraph will pnbllsbfor two weeks, and request that the Columbus Enquirer, Atlanta In telligencer, and Chronicle andSentlnel of Augusta, also for the same length of time. J. JOHNSON, U dcc5-d2w_ Governor. •miTr- notice. ’ TlfTE take thia method or Informing the public V V that we have disposed of our store and stock to Motors. T. J. & D. LANE, and it affimU to pleasure to recommend them cordially to onr lHeuds and customers us energetic, obliging ..and reliable business men. dec9-3t IRWIN & WHARTON. •-, v'tiKj •>*•» Good Tliing.-i Still at the Corner. ■ l^TE, the undersigned, take pleasure in inforni- T Y ing our frlnds and the public generally, that w« have again resumed business In Macon, at the well known “WHITE STORE,” corner Third and Cherry streets, formerly occupied by Messrs. Ir win & Wharton, and Invite all,; both lrom city and country, to give us a coll. We feel confident that we can supply all with articles in onr line, such as nats, Clothing and Family Supplies, on as good terms as can be secured anywhere In the city. dec9-3t , , T. J. & D. LANE. Office Urao* Cocxrr.RAiLnoAp, 1 December 1ft, 1865. f I T IE annual meeting of the Stockholders,of,the Upson County Railroad Company, will be held In the town of Thomas ton, at one ofthe ||" at the Court Hondo, < K Court this month, to elect a Board < rob^to Saturday the 00th day Of oard of Directors, to man age thfe business of the company fortlie year 1«C6. It is earnestly requested that all the Ptockhoiders attend, as business of Importance will be before the meeting. • A. J. WHITE, dec2*td President. ^“Journal Messenger copy. GEO. W. HARDIE, BROKER AND COMMISSION MERCHANT, r ‘ : MACO.V, GEORGUL Collections made with quick returns. Orders received for the Purchase or Bale Of Cotton, Bonds, Real Estate, etc., etc. Gold for rale, also Exchange on New York and Louisville. Office on Cotton Avenue, Freeman’s old stand. dec2-12t* oct 15 Cm A. SPRINGER. Macon, (ia. : NOTICE TO COTTON SHIPPERS. T HE SOUTHERN TRANSPORTATION Com- panT are prepared to Issur through receipt* from Mafon and Albany to Baltimore and New .York vSTthe GREAT VIRGINIA AND TEX- NESSr.E LINE, and raamntee a thronch prlcu m . TR BLOOM, AgT Macon, Y G RUST, Ag^ Albany. perUfito. EIGHTEEN Marine, Fire, Life and ACCIDENTAL “Confederate Generals.” srBEWARE of bad nmutm AND '! HCMBTG'S.w33 .. 'yrTua AV1NG during the late war, collceted Land for Sale or Rent. I WILL sell two good cotton plantation.-: one in Lee co. countuminiruboat (2500; tv,. hundred .acred, the other in Macon county, contain ing (-400j twcuty-four acres, with about (150) j til teen hundred acres in cultivation on either place; and with them, if desirid, will sell all necessary -.to:k, provision.-. %vc. Or 1 will r- nt a half interest in either or both, to a good practical planter and cul tivate them on joint account. Address me at Ma- i»n. Go. * N". BASS. dcc5-2w* .jST E W FIRM ■ SINGLETON, HUNT Sc CO., OPPOSITE L A N I E It H O USB, MACON,.GEORGIA, TVTOW hare In store, aud for f-ale, the largest and JL\ best assorted stock bf BOOTS, SHOE*, AND HATS, in the South. Those wishing to buy, to aell again, will here find facilities not'* urpoAsed by is# -rt garlltn C|c jpailg CtJfgrap|. \iKDNESDAT MORNING, DECEMBER IS, 1S65 THE NATIONAL FINANCES. Anniealjteport^ tic Secretary eg tie Treeumry. BOWER OK CONGRESS TO I98CE CIHCCLATIXB L‘ notes; . , . The right of Congress, ait all times, to bar, ro*r money xuid-to-issue obligations lor loan* in such fun* as may be ebriretuetit. Is un- ?stionablc; but their authority to'iasue- ■ ligations for a circulating medium aa mon ey, anti to make these obligation* a legal tedder,,can only lie'fotmtl in themn writ ten law wliieh sanctions whatever the representa tives of the people, whose (Inly it is to drain tain the government against its enemies, may consider in a great emergency necessary to lw done. The present lefeal' tender aqts were war manures, and white- the repeat "Of'those provisions winch made the United States TTA Hi A T I L ji-.vSketches5imUPlivtograph- ? forltlie V*'ur liiBuSnn orienal Nesutivc-,. from life, of t j pn-minent “Confederate General*” and xtato-men TlwnrmiPP f^oTTll IRTlitPS. ofthe Youth. I am aow prepared to road by mail. LllMUHUU; | } ^mtfete, ou receipt of price, * UtoRke tdrato- | oct4-3m _ . - *. . i irrauh of anv Geared orprominent officer formerly n re Tom c- . And b- fully prepared to tane r.-k> upon themo.t - j n t Ls- t'oefedfrateor Federxiarmier. Sioclceopies JSlUSGOt. — Turpin & H txr t Z ' S j reasoaaM,- terms. The .-.piul iu,--lv«l in the j 35 cents, or 4 eopns for ?_i. Z*T All Photographi f _ ! Cotapanies I repri* J UST RECEIVED a larer ^nd weU rolertedl 5tock of Overcoats, Businv^e and Dreaa Suita. | Also, the la tot atjla of French, English and tUeae acts, ducea standard of value, in times of peaqe lower than the coin standard. ‘ much less to perjwtuate the discredit which must attach to a great nation which dishonors its own obligations by unnecessarily keeping in circu lation an unredeemable paper currency It has not in past times been regarded as’ the province of-Congress to furnish the tjconlc directly with money in any form. - tlicir au- tlionty is “to com money and fix tho value thereot;” and, inasmuch as a mixed currency consisting of paper mid specie, has been found to be a commercial necessity, it would seem also, to be tlieirduty to provide, as has been done by the Nati null Currency Act, that this paper currency should be secured beyond anv reasonable contingency. To go bevond this, however, and issue government obligations makrng them by statute a legal tenth? for all- debts,public and private, is not believed 'to be, under ordinarj-. eiycqmstaucc, within the scope ot tlicir dutitg or constitutional pow ers. ' 1 The re:isous which are Jonietbncs ur-Vd' in favor of United States notes As n permanent currency are, the saving of interest and their perfect safety and uniform value. OBJECTIONS TO A GOVEItNMEA'rAI, OBBRlCNCY. The objection to such a policy arc, that the paper circulation ot the country should he flexible, inrrea-.iifg and decreasing accord ing .to the requirements of legitimate busi ness, while, if furnished by the government, it would be quite likely to be governed by the necessities of tho Treasury or the interests of parties,, rather than-the demands of com merce and trade. Besides, a permanent gov- eniment currency would he greatly in the way of public economy, and would give to the party in possession of the government a power which there might he strong tempta tion to use for other purposes than tlio public good—keeping the question'of the currency constautlvbcfore the people as a political question, man which few things would he more injurious to business. : v, ■'*»•> -' But the great and supcrable objection, as already stated, to tile direct issue of notes by the government, as a policy, is the fact, that the Government ofthe United States is one of limited and defined powers, arid that the authority to issue notes aa money is neither expressly given to Congress by the constitu tion, not tairly inferred, except as a pleasure of necessity in a great national exigency. No consideration of a mere pecuniary character should induce an exercise by Congress tfr powers not clearly contemplated by the in strument upon which our political fabric was established. The government, in the great contest which lias been recently 'closed, has not sought to increase its own powers, nor to interfere with the rightful powers of the States. The questions decided by the war arc, that the Union is indissoluble; that what ever is essentially ojiposcd to it must bn re moved; that the Federal authority, within its proper sphere, is supreme; aiul that the validity of acts of Congress is not to bo de termined by the States, Iret by that tribunal which the complex character of the govern ment made a necessity. It is the crowing glory of tho constitution that this great war has been waged and closed without the pow ers of die government being enlarged or its rotations to the States being changed. The issue of the United States notes as lawful money was a measure expedient, doubtless, and necessary in, the great emer gency in which it Was adopted, but tUuemer- gehey no longer exists and however de sirable may be the saving of interest, and however satisfactory these notes may be its a circulating medium, these considerations will not, it is respectfully submitted, justify a de parture from that strict construction ofthe constitution given to it previous to the war by patriotic men of all parties, ail'd which is essential to the equal and harmonious work ing of our peculiar institutions. The strength of the government has been proved by the manner in which it lias carried on the great est war of modem times; it only remains, for the vindication of its excellence and tho per fection of its triumphs, that all powers exer cised for its preservation, but not expressly granted by the constitution, he relinquished with the return of peace. IVhilc, therefore, the secretary is of the opinion that the im mediate repeal of til? legal-tender provisions of the acts referred to, would be unwise, ns being likely to affect injuriously the legiti mate business of the country, upon the pros perity of which depend the welfare of the people and the revenues w hich arc necessary for the maintenance of the national credit, and unjust to the holders of the notes, lie is of the opinion that not only these provisions, but the acts also should he regarded as only temporary, and that the work of retiring the notes which have been issued under them, should he commenced without delay, arid carefully and persistently continued until ail are retired. -i . ; ■> >' 1 ' In speaking of the legal tender acts, refer ence has only been made to those which au thorized the issue of United States notes. The interest hearing notes which are a legal tender for their time value, were intended to he a security rather than a circulating me dium, and it would he neither injurious to the public, nor an act of had faith to the holders, for Congress to declare that, after their maturity, thcy.shall cease to he a legal tender, while such a declaration -would aid the government in its efforts to retire them, and is therefore recommended. H . .. i', COXTKACTIOX OF THE CCKKEXCX. The rapidity with which the government notes can Ire withdrawn will depend npon the ability of the Secretary to dispose of se curities. The influences of funding upon the money Market will sufficiently prevent their too rapid withdrawal. The Secretary, how ever, believes that a decided movement toward a contraction of the currency is not or.lv a public' necessity, hut it will speedily dSmpst* the apprehension which vert- gen erally exists, that the effect of such a policy must necessarily be to make money scarce, and to diminish the prosperity of the coun ter- It Is a well established fact, which has not escaped the attention of all intelligent ob servers, that tile demand for money increases (by reason of an advance of prices) with the supply, and that this demand is not unfre quently most pressing when the volume of any house south of Cincinnati, a* the entire stock currency i- tl.r kirgest. and inflation hat has been purchased, FOR CASH, from the.manu- ; reached the culminating point, ilonev liein- Lictu*vr>> in ilifc citit-s of New lork ana Boston. j __ . . *•*.» • A good supply 0! TRUNKS AND UMBRELLAS mi unprofitable article to hold, very little w will also be kept vn baud. withheld from active use. and m proportion The firm hopes, by constantly replenishing, ar.d to its ipcrca.-e prices advance; on the other by strict attention to business! to merit a liberal band, a reduction of it reduce* price* ami portion of public patronage. ■ . • ’■ • \Y. B. SINGLETON, turned, to lie a calamity to any people. Gold and silver are the only proper measure of value. TlwYhave been made so by the taeii agreement of nations, and are the ncocs.«arv regulator of trade, the medium by which bal ance* are settled between different countries and between sections of the sunn countiy.r- A» a universal measure of value, they are a commercial necessity. The trade between dif ferent nation* and iictween section* of the same country is carried on by an exchange of commodities, but is never equally balanced bv them; and unless credit* are being estab lished,' the movements of coin unerringly in dicate on which ride the balancC Cxists. ’ If tho United States buy of other nations —•* they now and generally do—more than they roll to them, it is evident that 11 balance is thnii created which must cither H settled in coin or continued as a debt '' Tjfot bflnnces between nation* rihould bh promptly paid ia.thfr dictate of wisdom, he-, canfieIrtprotMit payprent tip) adverse current is checked before the debtor nations beepmes scriuMMy InfUNMIwhile on'the other hand' if (hey are permitted to accumulate^ their 1 ■ OK HONEY. £1 Quarterly, .. Monthly, . A0( of the creditor nation! ' Even with the vast ■reasc of gold and silver which hat taken (ee within the last quarter of a century, the specie which is possessed by conuneroial. nation! Is a very inconsiderable sum in com parison with their fortignand domestic prop, erty exchanges; and no nation can afford to continue in traffic which Utavefi it with ahfikvy debt to be paic\ ip the precious mctsls^anletti .. -i-k-*- — - —L- — rotluctions, icy are pro ductions. Whcn there are no" kttlHcial ob- staclos.in the’wny,'and Unlahtcs between na tions arc promptly settled, tile flow of coin ificisl. Towiiicl the banks: 5S32 What if the or txro loniwr, >Vlulc there h ofurotlils in t lank* have : there hashea l>cen ultima',. be tin BTtU OF AN ABEND There arc no indications of real and per manent prosperity in our large importations it of foreign fabrics; in the heavy operations at our commercial marts; in the splendid f tunc* reported to be made by skillful manip ulations nt the gold room or the stock board; 110 evidences ot increasing wealth in the fact* that railroads and steAmboats arc crowded with passengers, and hotels With guests; that cities are full to overflowing, and rents and the prices of the necessaries of life, a* well as luxuries, arc daily advancing. All these things prove rather that a foreign debt is be ing created, that the number of non-producer* is increasing, and that productive industry is •iug diminished. There is no fact more Amfest than that the plethora of pajH-r oney is not only undermining the morals of the people by encouraging waste and extrav agance, but is striking at the root of our 111a- ' ,1 prosperity by diminishing labor. Tli is not at present beyond tin legislation, but it is daily increasing, and. it coilily checked, w ill, at 110 distant day, lateinrivide-spread <lis:ister. The rem edy, anil the only remedy within the control of Congress is, in the opinion of the Sccreta- ryjtq be found in the reduction of the cur-1 w n«» »l*<>true tluKel teqev. L I tho eflnct of txecmhr ■ I AMOCNTOF i-.M'Eit Cl RC1 gatios. win never tke cun racy ii „„ c t>e,at least a conemondi The irapcr circulation of the United State* j ri- u tion of deisv.it, on the 81st of Octolier last, wa* substantially Tim lirt-tM iictinn whi a*follows: 1 to the measure mm 1. VnitedStatesnotesand traction- ] would, bv retluein* the oureeney.... ,«5I,S18,ttK » r Uai: s reduce cxnmts 1 Bauk*...,,185,000,000 0» ' i™ , 1 Ineludriig It » doubtlc** true th •fifiriltrwhnira rrmnn itmk* * .Wfrtrarato* raI for a tram I verted late National Banka... t\000,0oa Op 1 tie a* of oar print raitlim the conscrrat to! tiuite uuanin control of of the curren specie pa: daat ct 1 . Total via . The amount of notes Mdnd to the Na tional Banks up to and including ill; 31-t of October, w a- a little over #30-5,000.000. but it is estimated thnt #30,000,000 of these had liotthcn been-put into circulation. In . addition to the United States notes, there were also outstanding #33,530,000 five pprccnL Treasury notes, and #173,013,140 compound interest notes, of which it would doubt less be safe to estimate that #30,000,000 were in circulation ha currency. From this statement it appears tluit, with out including seven and tliroe-tcntU notes, many of the small denominations of which were in circulation as tuouey, 11ml all of w liicli tend in sonic measure to swell the in flation, tile paper money of tho country amounted, on the 31st of October, to the sum of #734,318,038 30, which lion licen dai ly increased by the notes since furnished to the National Banks, and is likely to lie still further.increased by thoae to which they are entitled, until the amount authorized. by law ($300,000,OQ0) shall have been rcafbed, sub ject to such rctluction as may be,made by the withdrawal of the notes of the State Banks. ' j FORMER RANK NOTE CIItCELATtON. 'rilo following Is a statement iif the bank note circulation of the country at various peridds of highest and lowest issues prior to the way: Jim’y, 1890..*61,334,000 I Jan’y, 1856.'.yih5,747,WO Jau’y t 1835. .103,693,4115 Jan’y, 1857.. 314,7T8,«il Jan’y, 1830..140,801,088 I Jan’y, 1«8.. 15SJ»S,:g4 Jan’y 1837.. 141),185,880 Jan’y, 1800.. 307,103,000 Jan’y,' 184*.. 58,664,000 1 ^ ■ tsptirc or, by n reduction of the prices of its cofri- moditics which the loss, occasions, becomfrsa ,mote inviting market than before, and by at-.l tract ing purchasers, reverses the. current aud dnitvs again to itself "the coin ot whichit Had bcefr.deprived. • -rat '■ -«•*» L'f ’i * tm , L l ' All this is Well understood, and if trade be tween nations were carried on, by an exchange of .products and a prompt payment of bal ances in specie, no nation would ever become indebted to another to an extent seriously to affect its prosperity. . • . ml ■ d All,serious embarrassment growing out’ tif commercial intercourse between the people of different nations results from failure in the prompt payment of balances, and the carry ing forward of these balances liy the exten sion^ of credits..: f . M.. . " 1 The trailo between the different sections of the United Slates is subject to the same laws. If one section, in the course of trade, becomes a ! debtor to another, the balances must lie carried in tho form of debt, always expensive and generally dangerous to tho debtor sectioh,' or settled with money. If the measure of value Is a convertible currency, and trade and exchanges are left to the natural laws that govern them, settlements take place prompt ly anti without embarrassment to business.— The banks of Tlio dehtor section arc drawn upon by their depositors and note-holders for coin; or exchange.. This return of notes and withdrawal of'deposits, if considerable in amount, produce a contraction of discounts; aud this Contraction cither checks overtrading or so reduces the price of products us to in crease the demand for them until tlic current changca'and the equilibrium'is restored. ‘ ' 1 .^Htotototo , This brief statement of the well-known laws , and rose to $314,778,833 on the 1st of Janu- of trade not only .illustrates the necessity of j ary, 1857, in which year the next severe crisis prompt payment of balances lie tween the U. j occurred; falling during that year to $155,- Statcs and foreign nations and between differ; j 308,344, and rising to $307,103,000 on the 1st It will be noticed by this statement that the bank note circulation of the United Statin increased from $01,834,000 to $140,185,800 betwoen tlic 1st ol January, 1830, nnd the 1st ot January, 1837, in wluch latter year the great financial collapse took place; foil from #14d, 185^00 in 1837, to #58,504,000 in 1843, ent sections 5 of the United States,' but the no- j of January, 1800. cessity of having everywhere the same stan-' dard of value. p. ;» • . ' KOH>lE« EXPANSIONS ANI) DISTURBANCES It is admitted that 011 a coin basis there 1.0ANS AND DEPOSITS. The following is a statement of vantage was much luofi 11. u by the largely incitww! emment ami of tlic |tcon very canoe that prmlnml clrange. Ucsidrs, the apj« lonijer exist*. The advani United States, notwithstai high rate of European checking exports and fan >ioq b creating a UtocF to m3 is likely to Ira the giiMiifl way of an early resumption ' ment. Norau-t it In- Mpt the ex|H>rt of our product iuon^ by tlic high rale of ev-hanjtr* rale of cxrhance canl'lol Kor them at exceedingly low pi Unless an unusual demand I is created in Europe liy ext it will Ik ascertained lij proper tables, that onr imu our exports diminish, nrutc a reilmulant currency. But uresis lianlly necessary to proposition. It b sulwtaat ment of it. A country in < prevail^* an inviting one t uninviting one for puirhsra try is unfortunately the Ui present time. In order, I may lw no mbappic& attention of Congrn a clear and interest! Ntatistieian of thb ing this report. Every consideration, been brought to thttd*^] firms the com i.tntth i ~ stmted. If tlic bn upon a stable lax) from lx ing still fa lw lew occas' lint such is 1 healthy cut nncrrta ferreil i ♦*0,4.51, Oil S 965,163,0# ^ 4-57,.500JAV i 635,11.5,0 posits and loans in thetsum’ . Vears. ' bepotita. January 1, 1890 855, .560,000 January 1, 1895. S3,081,000 nks ! January 1, 1830......,,.116,104,000 nT'fjOn'hfcff f were nominally paving specie. This was the January' L 1837 1 ’T,;;'J7,000 AAIUlooX? case prior to the revolutions of 1837 and 1857, i January L 184-1 56,168,000 3M,6t4,o- the expansion of credits have, in both in- jiiili™!' m-!? W4JW.006 stanceji, preceded suspension; but this does J„£u*!y lJ l85L.!j”!"fs.5'ici>!ooo not militate against the theory just stated. ’ 1 January I, I860.!!!”! .’35^803’, 000 The great expansion of 1835 and 1880, end- j On the 30th of Selitemlier, tho ‘"■•iole flnancial ooUapec of | last quarterly reports, the depoaits and loan* jHktoMiitofitotoMfellnMtoitototofetototototoitoMmiSB ’,731,600—919,045,630 M.W.! 601,045,000 date of their, 1837, from the effect of which the country did j thcliational1b^"thT^rman’1ilrno not rally for four years, was the consequence j reliable returns of these item* from the few or excessive bank circulation and discounts, j remaininir State banks* wen* . with the State hanks, and swelled by curren-1 So wiiiclislioulil tie added— ’ ’ cy and: credits, until, under the wild spirit of Investments In U. 8. bonds speculation which Jicrvudcd the country, in-J oii* othcr U ’ 8- *cenrt- _ _ bor and production decreased to such an cx-• * ■ mnt that the country which should hare been ' lll f uroH :,rL ' a history in themselves, He great food-producing country-of the dtittbtfing not only tbn past and prxnewt ctm- ivorld, became an importer of breadstuff*. dition of the ceuntry.in matters of exceeding . The balance of the trade lias been, for a 1 tetteregt^bilt .indicating unerringly the dan- long time; favorable to 'Europe and against K^jus direction in which the financial cur- the United States, and also An' favor of the 1 rent ** *w*^nng. •: commercial cities of the seaboard am! against: * * ■ * • » the interior, hut a vicious system of credits j objections to reduction considi.ki prevented the prompt settlement of balance*. Before concluding his remarks umm this The importers established large credits abroad | subject, itnray Ira proper for lb Seerrtan ■by mean* of which they were enabled to give , even at the expense of repetition, to notice favorable terms to jobbers. The jobbers, m j briefly some of the popular and plausible ob- il wnommAjfl. —_ ... .. ... ... - * . ., 1 would it It then seemed to he more reputable to nanci’al crisis, borrow money than to cam it, and pleasanter, aiid apparently more profitable, to speculate than to work; and so the people ran head long into debt, labor decreased, production fell and ruin followed. To this it may Ira replied, that prices or ar ticles of indispensable necessity are already to be sever’ ' so high-os to be -evercly opprc--ivc to con sumers, especially to persons of fixed aud ™ .. . : moderate incomes and to the poorer ela-ras. do the interests, but the alraol At t beta waged energy, and wi without a pit] ■ . - ith a of a similar cause, namely, the unhealthy ex tension of the various forms of credit. But, as in tills case, tho evil had not been long at work, and productive industry had not been seriously diminished, the reaction, though sharp and destructive, waitnot general, nor a reduction of pric£ as to produce vcry'ae- werc the ^barnL-isments resulting from it 1 rioU)i embarraiment to trlde. Tl.e protracted. Xow, in both these instances the expan- nly do tl necessities of the masses require that the prices of articles needed for tlicir use ahookl decline. Nor is there any reason to apprehend, by any policy that Congress may adopt, so rapid sions occurred while the business of the coun try was upon :t -pi cie basis, but it was only ntiuiinally so. A false system of credits liad intervened, under which payments were de ferred, and specie as a measure of valneand a regulator of trade was practically ignored. E'. > tiling mm ed smoothly and app.-rentl;. arosperotttM as long as credits could be eirfnmuht'd and rontinued. Imt as-soon as payments were demanded end specie was in requl-ition, distrust commenced, and collapse ensued. In these instances t lie expansions preceded, and contractions followed the sus pensions, bnt it will be recollected that while the waves were rising specie ceased to be a regulator, by reawn of a credit system which prevented the use of it. of the 1 ruu-j] eminent currency can only, to any con siderable extent, Ira withdrawn by sale of bonds, and the demand for !Hinds will Ira so nffeejed by the state of the inarkct/tliat a rapid contraction will Ira difficult, if not j impossible, even if it were desirable, earn There is more danger to he apprehended ! and t from the inability of the government to re-1 ]- a] . , ducc its circulation rapidly enough, than from j M .j , a too rapid reduction of it. It is, in part, to prevent a financial crisis, that is certain to I the a come without it, that the Secretary ree<tti-| f or , mends contraction. Prices are daily ndvffm u . ... ing. Tlie longer contraction is def erred, the in-the" nil greater must tho fill eventually be. and tin _______ more serions will Ira its consequences. It is I not expected that n return to specie payment* ■ will bring prices Iiack to tlic standanl* oft f\S ''• ». fonner years. The great incrca-e of the pro-1 \ * 1 '■ ■ '61 cions metals and high taxes will prevent tnis hut tins consideration makes it tile more im portant that all improper and mmecewary in fluences in this direction should 1m; removed Again, it is urged that a contraction of th currency would reduce the public revenues. It is possible that tills might Ira the inline diate effect, hut it would bo temporary only lepend upon the den i ir national resources, upon ou titer words, upon la NOTICE. Steamship Chase. C ONSIGNEES or o»iki> of Good* por SIcuh- , Auturuan CAfr?imer>, together w|tk a floe assort* rhJp Ch***, on roNAge from New York, Octo- : meat of _ W. C. SINGLETON. . Y. J. HUNT. & de QRAFFESREIDj Attorney * at Law, ONE RISK 51250,000. 21, 1865. will pleaftc prexat copies ot LaToir«»; ry . -pi • r • n J for short dt-tivemneus ttod dcd*kctiou» , \j6HlS a HTTURnlTl^ (jOOuS^ ” frknds and pstrom. vermnera and dcdactioua or if My, to the andOTipi^l, on or b*- which w coffer for »alc to o#v Uk i5th day of Dcccoiher neit, tor tM pur- k0( j to the paWlic in grJ-ctaL al the lowest price-, i ’-'f :aakius thr adjustment ofthe general at - . s«:UMc to everybod)'-. mcau*. Com e and look : »or2»-lm If wr do oot suit you, n.» charge will Ur made for A Coax. Mining c’sx. • B# * t Ch ^ >wt »»aak«t can Attend. .\Ucoa, (a, 36th Nor. 1865. i Moekh [fart '*bucf Siiaree arc not fullpsud, arc hereby ic^fied to pay an !u»uUlment ot Thirty per cent on tk-ir Shan* on or before lat January next. r Tri ^ and afimvr In*bailment of Thirty per cent •»« or , 1 tM-fortr IM tprtl, 1806. * BjertemftheBo.rdofDireetGra. Koi* Sale. HUNTER A GAMM KLL. Eariaa 1 mu TURBIN A HDRTZ Trha^aUrlUuvU. KD. L. STKOHECKEK, “"•fi'-lawtirtorU President. J a RESIDENCE with a lot of three (1) or mure - - I gV seres, in a choice part ot the town of Ran ’ Win- a Imm n4 UL l Lot onUra Hawn rant tor | [of a Cottage with tix r 1 it arc ail the 1 ’. die* - ae t.» take un anv i are suitable for Albnms-tS: • 1 Sind for Catajogtic. Address- bv mail oTOprv.-* LEE MALLOllY' MILLEDGEVILLE, ..GEORGIA. War Illustration*. • ... dec(ki5t* Macon. Ga. TT^ILL practice in and represent partita upon —- —rtv——* \\ brief* famuhed beforr the SaprumdCourt, A OhT xiie GonrU of adjoining counties. xlol^cX • Special attention jriventc the collectionj»:uI for- _ _ , warning ol Eiecativc warnmts upon the civil e»- mmission Merchant. - tablii-lmient, Poor School, Pnuiln^ and Contingent ; this i- it u iKinedt L * ▼ * . ^ . . ! diminished Industry. an»l\to the Land .nvestieated, Copv Grant- fur- i ..jk mfdsmaii..- ..5ren «***£«ii*- »tvliich it oimiiu^tiGa it. evil. Even :n I the fdrin of tUtof^cci»/us' it ina proved j 1 e wealth to a 2* coant ry^ nlceananiv the amount of Special ntcuxioti pvnj t*> the lnmr**ct hf ,cot ton and all other »pecu» <+t property. ^ ...ML i Ail adjusted promptly. ?*. -r-.-ur* E. ft GBANNISS, Agent, Macon, Ga. S LlTHKDP, GKO. T. SMDft Loto D.AE S. Lathrop, Late Ja£- I. Snider At anoxb, Gw. Savannah, Ga. and Bird! Coltonhtow, Qw E. S. Lathrofj & Co., Groth [lUimy Baggius- fiemg Rope. Jaailta Rope, 1 9ue*r. I Rio Coffee, r Lard, ntNai 1 Fund. wTitiee : I. Bei»cgk 7. F,- b declaim* j uat , ! prices are, reduced, tilt demand for it tails off; that, parudoxieaia.it may seem, a i diminution of the currency may j„’ foct in crease tlic supply of it | Xor heed there be any apprehension- that a'reduction of the currency—units, it be a violent one—will injuriously affect real pros perity. Labor i- the great source of national wealth, and indu-try lhvariuWy- declines on an inflated currency. The value of money de pends upon the manner in which it L, n1 If it ttimulstc- productive ijjdrittry it isa ben efit. and to the extent oiily to which it ’lie other hand, it und inform a tb Jn fCouMigninent, . u a con I ncous on#* wb | perity is $ TIIE rr.ESENT INFLATIOX. The present inflation following the suspen sion of 18C1, is the result of heary expendi tures hy the government in the prosecution ot the War and the introduction of a new measure ot value in the form of United Staten Treasury notes as lawful money. The country, as a whole, notwithstanding the rav- ages of the war, and the draft which ha.s ; The public rev l>een made npon labor, w, by its greatly dc- opment of vcloped resource*, far in advance in real surplus production^; in wealth of what it wsw in 1857 v when the last l>or. Tlic revenues derived from trun-action- scverc financial crisis occurred. The people j ba^iod upon a luUe standard of value, or from are now comparatively free from debt; the interest* that can only flourish in speculative j bank*, with their secured circulation and ! times are not those upon which reliance can , t r.vci large investments in goveniment seenritif’s, be placed for maintaining the pohlic cr» <Jit 1 1 - althoughnot in an easy condition, and doubt- What a health r and reliable burinesdkoqnin-* leas too much extended, arc, it is believed, . ia :: stable banfiL This it runnot have an -mt' generally solvent; but the same canaep arc at as the country u inflicted with :.ti incomrrt- work that produced the evils referred to.— j Sble cuitmk v, the value of which, as * * There is an immense volume of paper money 1 the vant property which i-5 nica«ure<l by i- in circulation—under the influence of which fluctuating and unreliable, and may in prices, already enormously high, are steadily «nall degree controlled 1»>speculative cc. ndvancing, and speculation is increasing— binationa. which inuxtbc contracted if similar dbastcrB It i# also urged tbatj would be avoided. would endanger the It the war could have been prosecuted ot ing funding : smd a specie Iwt-us, there would doubtle.^ have government and tl J been a considerable advance in the j>rices of to pay in ^de-arc those articles which were in demand by the their dcVft.- ^r« { , A government: but ina.-inucli as in the condi- Tite tion of our political affairs extensive credit^ • .-ni^tantiai could not have l>eeii established in Europe, I ^annot unde the tendency in this direction would ha\t-ynrg is Iikdj been kept witlnu re.wonable cheek by the of outflow of coin to other nationswliich v. ur.\ } the have been tlie natural result ot the advancing by tfl price* in the United States. On a bash paper money, for which there was no outlet. 1& all articles needed for immediate which it became the mc.Wre of value, felt) 1 and responded to the daily iurrea.se currency, so that rent* j * * jinicles for which thj have >»een. withj [y advancing {rq war,, and »,OOo G 4l] \ s.s#h:i kd *> r s L - v, us|,,a.’« (jonimitwiriy ~