Newspaper Page Text
CEDARTOWN RECORD.
W. S. D. WIKLE & CO., Proprietors,
CEDARTOWN, GEORGIA, SATURDAY, AUGUST 7, 1S75.
VOLUME II. NUMBER 8.
TIM El A' TOPICS.
lllFIiE-SIIOOTINO is till* WAllin of tllO
tiny, and tho int?r-stato rillo match,
wlvieh i« being arranged for October,
will doubtless bo attended by repre
sentative riflemen from nil parts of the
country. The match will take place at
the hifltorio Groodmoor, and bull's eyes,
Bubjoets of friendly competition be
tween north, south, east and west.
It is a melancholy Bigti of the univer
sality with which Americans seem to bo
forsaking farm work, that, even iu a
period when the dullness of manufac
tures and trade leaves thousands unem
ployed, the farmers And it hard to get
sullloicut help. The complaint in gen
oral in all parte of tho couutry that
sufflnent help cannot bo obtained to
handle the crops with.
Tub stockholders of the Augusta
cotton factory have resolved upon the
issuance of bonds to tho extent of
jM 1 o.OOO. As a lhis concern hat hitherto
been believed to bo tho most successful
cotton muiiufimMiring establishment in
tho south, the fact that it is compelled
to borrow money on so huge a scale
looks rather discouraging for the imme
diate future of that industry.
Tup. difficulty of recovering auj thing
from Boss Tweed and hiH associates may
bo seen from tho faot that, of the 151
voucher* on which warrants woroiuuod,
111 of them have been Hiolon, and the
plaiutiiT in required to produce the
stoh a vouchers uml bills attached, and
specify which portion of -them is fraud
ulent. As the bills cannot bo repro
duced, tho dilemma is apparent. Tho
plunderers scorn fo be safe.
Bbnator Nonwoon, of (icorgia, iu
bis recent address at Emery College,
made Homo intore.-ting points. Among
them wero those : "Whilo emancipa
tion diminished our wealth, it increased
otir political power. Negroes vole for
men and not.measures, aud their800,(HK)
votes will bo added to ours. The negro
is gravitating toward us. Tho people
of tho north will soon riso and demand
a surrender of tho elective franchise or
colonization."
F. K. Elliott, u well known writer
on agiionlturo, 1ms been collecting cer
tain data in regard to fruit culture, aud
gives tho total market value of tho crop
of the entiro couutry at 817,000,00(1.
New York leads all tho states in amount
with $7,000,000. California's figures
ora largest in proportion to population,
being 80.000,000, this sum probably
eluding the yield fror
total sum for the Ne
is put at 80,000,000.
At Inst tho Cotton states aro learning
wisdom. The experiment of diversified
cropping, which the more prudent have
for yearn been urging, has thin season
been tried with most encouraging re
sults. It is a fact that the gulf stntes
Ravo grown a surplus of cereals, if tho
estimates of the papers of those states
can ho treated. Not only is thero an
unprecedented wheat crop, but cotton
culture has been prosecuted with a now
diligence and method, resulting ju an
unnsual yield to tho acre. Thus instead
of mortgaging tho growing cotton crop
for food to eat, tho planter can this year
supply his table mainly from his own
flcren, whilo ho stores his prime staplo
anil awaits the top of the market. This
is tho beginning of independence for
tho south—first diversified agriculture,
then manufactures,
business mined, aud the most important
branch of Isthmus exports vauishes.
Tun recent death of Lady Franklin
brings to mind tho discovery by Capt.
McClintook of tho fate of Sir. John
Franklin. This ia the ercary record :
On tho Otli of May Lieut. Hobson
pitched his tent beside a largo cairn
upon I’oiut Victory. Lying among some
lo»iso stones, which hud fallen from the
top of this cairn, was found a small tin
ease containing a reoord, the substance
of which'was ns follows : * This cairn
was built by the Franklin expedition
upon the assumed site of Sir James
Rosa' pillar, which bad not been found.
The Erebus and Terror spout their tlrat
winter nt Beoohy Hand, after having
ascended Wellington Channel to latitude
77 dog. north, and returned by tho west
side of Cornwallis Island. Outlie 12th
of September, 1810, they wero beset by
the ice. Sir John Frankliu died on tho
11th of June, 1817, On the 21U1 of
April, 1848, tho ships were abandoned
live leagues to tho north-northwest of
Point Victory, and the Rorvivora, 105
iu number, landed here under the
command of Capt. Crosier.”’ There
hiut been but liltlo said of one
feature of the relics of tlio Franklin ex
pedition. The disoovery of hniv.an
bones in kettles did not permit observers
to avoid tho conclusion that the starving
men bail cooked mid eaten deco
oomradea.
LATE NEWS SUMMARY.
EAST
All the clock mnkeiH iu Connecticut
have agreed to ••uspoml up i.iliona fur four
vineyards. The
England states
Fr<
i Mnv ‘22rt to July 21 tli the
■ York,
Potato hugs are playing sml havoc in
MaMtcImsctts Helds. and college professor*
who have hcun r< insulted say I hut only hand
picking and planting in damp soil can save tin
growing crop uf potatoes.
$12,871,48'!; since January 11, 187ft, $9,050,-
11ft ; total National Hank circulation outstand
ing January II, 187ft, $:1B1,801,150; on July
•JS, 1875, $805,012,538.
The postmaster general has selected
tho mail routo along the shores of tho
lakes for the fast mail train to tho west.
It is expected to licgin to run l>y tho tlrst of
October. It will make tho distance front Now
York to Chicago in not Ittoro than twenty-six
hours, and it ia hoped to reduce tlm tone to
twenty-four hours, a gain of twelve hours over
tho present mail and express train. Tho
amount of small matter to be carried by this
train will bo enormous. Ihoro will to four
largo poatal oats of improved construction
capable of earning tldrty-tlvo tons of matter,
and it ia thought by tho department tlx
amount to lie carried will roach forty-live tons
before tho expiration of six months,
greater part of tho works of distribution will
lie dono on tho cars. Newspapers will
tnken in by tho bundle, and folded and dis
tributed oil route. ItolayH of clerks will bo
stationed at Syracuse, HufTnlo and Toledo.
This ontorpriso will not cost one cent addi
tional expense, the railroads having met tho
government in tho most generous spirit,
FOREIGN
Tho loRROfl of tho Onrlista (luting the
post 111 too weeks in killed, wounded and mis
sing, is estimated at 1,000 men.
The Spanish government lias deter
mined tu contract for seven million dollars to
indemnify oivnors of slaves in Porto Itico.
Labor troubles hnvo liroln n out itt
England again, and a large number of cotton
mills have slopped operations iu consequent*
The strike sot ou foot by tho oporr
lives in Oldham, England, involves 1(H) mills
aud El (Mill bauds. The operatives will Iiohu|
ported l.y (lie workingmen's associations o
Yorkshire, Lancashire, and Clicahlro.
Goimuiy uml Buraia prouiipo to giv
furloughs by tho hundred thousand to their
soldiers next year. Austria will have to follow
suit, as she is a member of the triple imperial
league, and I’rarco ran in tlist ease have
excuse for not disbanding some of her slip
niimorarioH.
It is said Hint Husain him not ubnn-
donod tho idea of having a uuivoisal poaco
conference, mid that the meeting will ho hold
next spring at Hi. I’olemburg. All the great
powois except England have accepted tuvilii-
COTTON MANUFACTURE.
•cals
SOUTH
tin firm .‘10,000 bushels of
.
leans. Other largo consign
f tho satuo
course of shipment
Georgia is progressing. A stnok
company for the manufacture of ready made
clothing on a lafrge scale Is being organized
In OolutobtIH,' and Rome boaalH of utiin
furnaces w
D. O. Comstock has been do-1 Al| honsUts
Tltirly-otio mills have closed nt Dun
dee and 12,000 persons are out of employ
ment. Doth cinployois uml operatives have
resolved not to yield, if tho Oldham strikes
should extend to all nulls iu that district,
jj I 50,000 persons will hn out of employment,
| 1 >011 Gurlos, iu hiH loiter to Alphonse,
•k declares tho crtlolty of tho nioaaulo online]
do by the Maliiil government is iitiprocodenlid,
au(l will, like tho Mood uf martyrs, raise up
Oarllsta nvorywliorp. lie himself, who conns
Ids country to ho king of all Mpanliird
Tub
an revived the
controversy nn to tho i (Tret of high
physical oultuto on mental training,
and this has drawn out President White,
of C.unell, who bears strong testimony
in regard to tho scholarship of tho boat
‘‘ Tho legisti
furnished to mo
nt of tho standing of tin
ben of tho
Mnj.
tailed by tho war department to watch tho
work of (.'apt. Eads in deepening tho month
uf tho Mississippi, and hoo that tho contract
is proporly fulflllod.
Tho dispatches from l’onsacola rela
tive to tho yellow fever aro not encouraging.
The naval offioura in command soern to he
panic stricken, and represent tho situation as
detpnralo and hopeless. Ho malignant a typo
of tho fever has not boon known for years.
A dispatch from Gyntbiana, Ky., suys
Dr. < E. Dmiallv, a dontist of that place, ap
proached Dr. Peckovor, anuthor dontist, say
ing he I'ockovnr) had called him a liar, and
shot 1‘cokovor through tho lienrt, killing him
instantly. Penally surrondcrod Idmself to
olHcers and whilo boing convoyed to the lock
up was shot and killed by It. II. Hidgly,
brother-in-law of Pocknvor. Ridgly ia now in
viintody.
Tho roorotury of tlio navy lias rocoivod
tho following dispatches dated July 26 : Keep
strangers away from here, fever is raging at
barrancas ; sixty-five esses and seven deaths.
Htiict <|tiaranlino upon Fort Rnrrnucas. No
communication therefrom, except through
our quarantine. The post commanding r Mi- | m hhon gold, giving
cer's wife ia sick. His duties providing for
tho sick aro arduous. Tho fever is < f a very
malignant tjqo. Ladies and children of the
post arc nearly all down. 1’lcaso inform the
secretary of war. (I. II. CooFKn,
Commandant. Pensacola.
A dispatch from Louisvillo, Ky., says
the crop situation in this sta'o, as well os iu
laign portions of adjacent states, in becoming
very alarming. Thero is a heavy rain fal
every day, and tho short interruisnisii with hot
auushinen aggravates the (
weather has continued about "it weeks, and
ia beliorod to bo without a parallel. In tho
iho official state- I I* 1 * 1 day or two the rain fall lias increased, and
‘ "loomy appiolienslous are felt in all sections
t the country. The corn crop hai not boon
of tho C<
regatta ha
peaceahly within
confldont of success,
for it is imporsiblo Hpain can llmuisli under
governments of chanco.
Tho Mark Lnuo Ex promt iinyn tho
averago tine in wheal slnco Inst week hnslionti
fully four shillings here and in Franco. Hero
much grain has boon prostrated by the heavy
wind aud l ain, Hliould the wenthor continue
lino, crops tuny not suffer much on yield,
Whatever may bo the rosuU as to tho <|uality.
The former low rates seem to ho impossible!
with stocks so near exhaustion, Imt millers nto
not likely to purchase freely at high rates
while thero is a possibility of improved pros
pect.
A Havana letter says an immonso con
voy was captured by tho rebels between Puerto
Prlnetpo and (inatnauro, half its escort being
placed hors dn combat, aud near Rnmidios tlio
Oabaiis drove a Spanish column back to tlieir
rotronehmeuts, after capturing tlieir baggage
aud military supplies. Spanish Iosh in tlio
furmnr engagement one hundred and fifty
killed, including tlio commander, and $150,000
in gold, it is repotted tho Spanish hank
fused to loan tho government another I
reason tho non-pay-
nf previous leans, and ospeeially tho
last loan of $2,000,000 gold, only $600,000 of
which has boon returned to tho bank
Tlio Olubo has fifteen columns of
special reports about the crops from different
places ill Ontario, Qitnhoc, Now Itriiuswick,
Prince Edward's Island and Nova Scotia. The
following is a summary : Pali w-lmnl, although
below tlio average, will I
at otto time expected, Spring wheat is about
an average. Oats, barley and peas are hnaviu
than for many years in proportion
oratty
which
damaged
I|M WOI1 tbc 00,1 I am giail , Tll ,
to say that it represents admirable has been
scholarship in tho various departments, | quantity
and I feel warrnuted in making iho
statement that were yon to choose out
l-.y lot au equal number of students
from tho university, tho chances are
two to ono that you would not take in
as many men who have been ns faithful
aud diligent iu their intollctnul pur
suits at tho university.”
if lonely yot, but it is hollered
wheat, oats, ryo, barley and hay
ijurod 60 per cent, in quality and
Tho tobacco crop is greatly in-
Tho situathn is extremely precarious,
beliovod if tho weather does not ini-
ithin tho next ton days tho yield wil
covered. Indian corn is greatly Improved and
will torn out better than expected. The po
tato crop is large, and the root crop generally
very heavy. Hay is an average crop. Small
fruits are abundant: apples lees plentiful
other fruits thero will piohabiy bo a
ciency.
Tun Fatk of tiif. Tiiadb Dollar.
It was a stroke of policy on tlio part of
our government to devise in the triulo
dollar n coin which should compete
with the Mexican dollar and eventually
It is feared it may Iu
MISCDLLANEOU3
The Panama fitur mournB ovtr the
fact that the PaciHo Mail Ktcamship
company and the Panama Railroad
company have raised freight to such an
exorbitant rate that the bauana-pro-1 accounts of Treasurer Hpinnor for the quart
dticcrs on the Iitbmns will come to | ending December 31«t last, and roport tlio
grief, not being able to ship their fruit I ® nlirtly accurate,
to Now York, ex :ept at a considerable
loss. When shipments can bo made
$12,000 per mouth in American silver
is paid to producers. Tho law is there
fore keenly felt, und the selfishness of
tho transportation companies is evident
from the following paragraph in the Star:
When the Paaifio Mail refused to di
vide with the Panama railroad, the Pan
ama ruiirond company then charged
sufficient freight for tho two miles
which year j ,| r j vo almost outof the Chines'
than 20 per rent. <>f , ket. After reaching that country it en
counters an almost ignominious fate.
| The Chinese send it to India for the
j purchase of opium. They go into the
j Calcutta mint and oomo out as rupees,
The Trenton banking company, of which aro stamped with the native ohar-
i out on, N. J.. which lost $150,000 by Jay actors on one side and the value
ookos failure, loses $ 100,000 by;tho sunpin- of the piece on the other. The trade
on of Duncan, Sherman A ('o. j f, f China with India in opium exceeds
The flret auditor anil first comptroller lkat •>' 0,ll8r commoditie« an is
, , , , ... . , , shown by tho report# of the Chinese
f tho treasury completed a settlement of tlio •
J Toe secretary of the treasury has
iseaod a call for redemption of $11,807,200 of
I 5-20 bonds of 1862, of wbicli $11,830,550 aro
coupon bonds, and $06,050 registered bonds.
custom service. The amount returned
for the last eight years, exclusive of the
amount smuggled, which would prob
ably double it, is 97,410,030 pounds.
The amount of American silver which
annually goes to India from China to
Now York ltiillctiu, .inly •>.
Wo presumo no ono will disputo that
tho world’s markets aro overstocked
with cotton goods. This is notoriously
10 at. home, tlio only exceptions
boing a few favorito fabrics, tlio de
mand for whioli always keeps pneo with
tho production. Tho satuo condition of
things exists in tho Manchester trade,
tlio over-flooding of tho great. Asiatic
markets having boon ono of tho oattnes
of tho important failures that recently
occurred iu England ; and if further
evldonoo wore needed it is found in tho
faot that only this week thirty mills
closed at Oldham rather than continue
production at. its present. oostH.
It is not difficult to nacouut for this
condition of tho cotton trade. In tlio
United State.*, Germany mid in Aus
tria, and partially also in Franoo, trade
has for many ninnllm boon wovoroly de
pressed and labor only partly employed;
and tho purchasing ability of consumers
of cotton goods lias been proportion
ately diminished, A largo proportion
of tho production of cotton goods in
always consumed by a class who have
Buttered most severely by this condition
of things, tno working masses; u fact
which very directly affects the detmmdsV
Ho long as the demand was attillolally
supported by tho largo shipments made
to the Asiatic markets for tho put-pom
of keeping afloat lingo insolvent fli nts,
this contraction in the cot sumption of
tho working millions of tlio Kit
and American populations wa
vented from having it« full elTcel
uinrkets; hut now that such spurious
support is withdrawn, nothing cm pre
vent this reduction of consumption from
working out its legitimate effects on
production nnd prices. Wagon and in
comes having been reduced to such an
extent, that there is eonVooly a family in
Christendom which has not tuoro or leas
curtailed its consumption of cotton
. and thin process of economy be
ing still in force, it is inevitable that, if
quantity of goods is
tiHumud it can ho only
through so far roduoing tlieir price
ring down this value of tho ag
gregate production to tho Arminishcd
purchasing power of aonsttmom Thin
is as self-evident, us tho Himplest. nuillm-
matical proposition. True, thero line
11 partial decline in Cotton goods,
which is to lie regarded as so much omi
ssion to tho influences to whioli wo
have alluded ; Imt tho obvious oxeesH of
product ion over demand shows that tlio
prices Is not sullloioilt to satisfy
nuisitloH of t he case. It is Useless
to argue that, with tho present costa of
machinery, labor and raw material,
goods cannot be prodttc d for Icsj Mum
they are now selling for ; and equally
useless to reason that as, dm.eg tlio last
fifteen' years, tlm world’s cotton crop
has not increased in proportion to tlm
extension of tho markets for cotton
goods, prides ought to bo higher than
they were in 1H(1I); for there is ono law
which conclusively determines tlio pride
of those us of all goods- wlnit oon.-mm-
nfford to pay for them ; and it. is
clear fiom tho present conditions of tho
trade Unit Current prices do not conform
to this rule.
The misfortune, however, is that
while present prices are too high, man
ufacturers an; earning no profit, but in
very utility oascir loso upon Hoiking the
goods. Under these oirflflinstuiices,
what is to Im dono? For manufacturers
to reduce tlieir prices and emit lime pro
ducing ill tho present cost would bo to
invito ruin. They might hedtico their
prodtiofioit aud, by making goods rela
tively scarce, nminlain prices; but
every manufacturer knows tho difficulty
of establishing concerted notion for such
a purpose. Tho only nafonLd business-
like method of treating tlm ease is to
aim directly for tlio conditions neces
sary to cheaper production. The necos-
aities of the iiiliintion call for olicaper
labor and cheaper raw material. There
cun he no prosperous si ate of the cotton
trad •, no general employment of ma
chinery without these conditions; and
it is tlio truo policy for manufacturers
to combine and stop work until they
have secured these advantages. Whilo
we write, the cable informs us that
Oldham only six out of one hundred
and sixty-two mills belonging to the
Employers’ association arc working.’’
This shows that the Lancashire mtillti
faetnrers aro working in harmony and
are resolved not to tamper with ii situa
tion whicn demands prompt and thor
ough treatment. They have adopted the
co tree which will moat speedily bring
affairs to a sound basis ; and although
their action may excite ill-feeling
among the operatives nnd may enure
some depression at Liverpool, yet it
will prove to be tho readiest and most
wholesome way to reach the indispen
sable changes in tho conditions of
production.
It would ho fortunate if tho New
England manfaotnrcrs were to oornbino
upon a like course. To deal witlr, the
question timidly is to prolong tho agony
and augment tho distrust that tho pres
ent situation creates. If the example
of Oldham were followed, a speedy end
of the troubles of the cotton trade
would bo foreseen, amt '.onfldenoo
would be restored to at loiJ( J no of tho
otv 'industry,
illy hhnlthy feeling
in this or any other trade until not only
prices but the coats of production liavo
linen so for reduced as to produce a
general feeling that the lowest point Inis
boon touched ; but when that state of
things Inis been gained; there will bo a
jumpers that no fence could stop them.
1 ffxcd them iu the way ubovodosorilud,
and had no further trouble. At the
same time the board will prevent much
tunning about, and cause them to fatten
better by remaining more quiet.
" Wlion tlii> hook’s hoiio out >r your lire, you cm
irt nucUicr whilo U’s h-iiiikIuk tu your cur , It
i bolt to liavo n bit of HlUairo, amt out o' that iu
a I'salin'll come by-nml-by.- A'./irm J (/mutt.
Wlicii tlio souk’s K<>un . til of your life,
I lint you thoimlit would UM t<> tlic cud,—
That
pay for opium is tmmenso.
include all tho bonds issued under Hi
act of Fob. 25, 1857, not borotoforo called i
for redemption. .
Tho comptroller of currency advised i ^ Car
tlio secretary of tlio treasury of tlio bsuo of California
* 1.270.560 additional National Rank circulo- Arkansas
tion for the month ending July 28, 80 per
cent, for which is to be retired in legal tender Ohio. *
making (lie whole amount cf legal Virginia
A base
beautiful a'coin as tlio trade
dollar, surely.—A an Irunciaco Cull.
Elections i
transportation of the bananas to coyer I tender notes retired since the pasrago of the |
one-third of the two thousand miles sea | of January 21, 1875, $7, Ml.®-’- Tl,u | SSiffi
trnn.portation, Meaawbilo tbue two j t ”'r“
companies contend about the division l )< t j The whole amount of
of freights, the banana merchants arc I lon d, : r not-- retired sin. c Juno20, 1871.
P ground between the upper and nether I | n $27,38fM«.7. The total additional National
- miil-BtoneB, their profited eBtroyed, their I Bank circulation isiued since June 20,187 b in Texat
the Year.—Elections
n tho following order :
Monday, August 2
.Wednesday, September 1
.... Monday, September 6
Monday. September 13
... Tuesday, October 12
.. Tuesday, October 12
" ernhe “
husetts.,
Tuesday, November
Hilay, November
limding branches of
common cotifldence in buying, which
tho ono thing r ow wanting to h general
revival of trade. This requires cour-
ngftnjn tho part of i/mnufacturors ; but
if this heroic treatment of tho case ho
udoptod, they will soon find that they
have conquered all their dtileiiltieH und
established the basis for u now era of
prosperity.
[Tu op aro addicted to (ho vi co of
jumping, tuko a board uhoti two foot
long, five or six inches wico nn I one
inch thick, and fasten it to iho sheep’s
nick so tlmt it will como flataguitist tlio
knees. When tho shocp attempt «to
jump, tho hoard prevents ajfoothold on
tho fence and throws tlieji back. A
few trials satisfy thorn. Tho worst
jumpers can bo cured in tbiswuy. Lust
year I had nine which word puolt bad
Y’imi cniiiiut |>rc*M ntinUi, my vatilHhi'd pet, ^
You canuot roach iilutiip ariii« !<• g.'t my kins,
Or ilnrt at) ml ivltti rosy, miki'il lui't,
lliititilliiK soft syllaliloH "f Ihtj and I tint—
Kiiqity tlio home, whrro, frollcaonioaml fair,
Your (irri'liiiiH |irc*om'v niadi* *■*» liriutit a part ;
Empty your Itlltn orle, your ciutlii'H, your chair,
Hut cmpth>Nt of nil your iimlbi'i'ii licnrl.
TlioFiiiluro of Duncan, Sherman & Oo.
From tlm Now York I’od.
Tlio suspension, without premonition,
of tlio bunking Itouso of Diiuoitit, Hlipf-
maii Si Go., whioli for many yonrs had
stood hiRli in tho estimation of tho
puhlio, bot h because of the character of
its members and Its supposed great
wealth, naturally created astonishment.
The public at largo were surprited that
it should hnvo suspended at all ; and
the few persons who wero not wholly
unpropnred for tho event could not un
derstand why it should Intvo occurred at
thin particular time.
According to the published card of
the Arm, and according to what those
agents who aro authorized to speak for
it , Hay its real weakness was but recently
discovered, and as soon as it wan known
to tho part iters, and it wan further as
certained by them that now capital,
sufficient to pay every debt if demanded,
could not he proottred, it was decided
that the proper course to ptirsuo was to
stop payment and go into liquidation.
The only other way open to them was to
aluiso tlio credit of the Arm, wltieh was
good enough, if properly prosBml, to
have commanded millions of dollars—
and to c" itinuo in business with the
chance of making prolltH sufficient to
put tho Itouso again into a solvent con
dition. That tho honorable course,
under these circumstances, was instantly
taken, affords no. surprise to anybody
"ho know tho members of tho firm to
ho men jealous of thuir personal honor
aud good natiio. Wherein they will he
Dhimed will bo in that they managed
tlieir business no looHoly that they did
not know tho trim condition of their
affairs until after they had drifted to tlm
point where tlmv could not he rescued
without external help.
Thero is no intimat ion from tlioHo per
sons who are best qualified to speak on
tlm subject that tlm losses of the Arm
wero of very recent date. On the oou-
trury, tlm inference is warranted that
tlm house has been subjected to a series
of misfortunes dtlric/t a series of years,
beginning with unfortunate railroad
complications, and ending with mis
judged truusautious in cotton.
If it could lie shown that tho Arm was
drivMt ilito stisponsion by tho stress of
tho times—that is to say, tint its cm
harrusHinoutu were caused by tho condi
tion of trade rather than hv its own in
dividual errors or judgment, both in re-
speet to its railroad oonuootionH aud its
trausaotiona in ootton—tliott there would
he rensofi for suspecting a general mi-
HuundnoHH in the btisiners community,
nnd for expecting more failures from tho
same general causes. To spank more
plainly, it ia not tho fault of tlm times
that stocks of tlio Atlantic arid Groat
Western, tho Erie, nnd tho How Tork,
Boston and Montreal railroad compa
nion, and othors of tho sort, aro not
good kcouritioH. Nor can tho times bo
held responsible for the doolino in tho
price of cotton. Advances on oottou, or
traiiHuet iohn iu B, which, to adopt a term
from Wall street, liato proved ‘‘had
lnisimsH," should ho credited to errors
of judgment on the part of those who
made them, and not tlm fault of tho
country at large. If thero are similar
special reasona for other failures, they,
of eottrse, will ensuo; hut it is nob a fair
inference that tlio suspension of Dun-
dan, Bhorman A. Company shown any
general underlying reason lor tho down
fall of other buukieg-hotiHeB. What
ever failures may occur by roason of
losses on account of this suspension are
susceptible of calculation, Tito house
had a largo number of wealthy deposit
ors who uover put all their eggs into
one basket, aud who cau not be serious
ly distressed by tlm failure of ono of
tlieir bankers. It also bad others on a
smaller scale, who will be embarrassed
if they are to lose a considerable part
of what!they have on deposit. Travel
ers holding the letters of orodit of
tho house will bo ineonvenioneed
and troubled, but their troubles
are not of tho kind which causo
morcantilo suspensions, The house, wo
are told, had outstanding a comparative
ly small amount of tin nocop tod hills,
estimated at from £50,000 to £75,000.
Assuming t he larger amount to be cor
rect, it will probably bo distributed
among from a dozen to twenty bttyi
of bills, uml certainly no ono of tin
ought to be forced to suspend on
count of bis loss. With tho south tho
connections of 41m house wero oxbon
sivo, and it is estimated, perhaps incor
rectly, that tho larger part of tlio losses
in this country will fall thero. Tltoro
may be no consequent failures
south, but it is possible that thero will
bo. Tim banks horo, wo uro assured,
will lose nothing which can mako any
appreciable difference with them. It is
possible that tho losses to Enropo,
whero it is understood that tho larger
part of the debt of the Arm is hold, may
cause trouble, but wo have seen within
a mouth losses incurred aud sustained
there which by the side of the total
liabilities horo make tho failure of
Duncan, Bhorman Si Co, look small. It
is understood that tlio Union hank of
London and Baring Bros, wore both
protected. The house had scarcely any
connection with stock exchange inter
ests, and was as free of the speculations
which center there as if its regular aud
main business hud been iu shipping or
cotton mumifueturcs.
Properly understood, therefore, this
failure ought not to be alurming, und it
cqu bo made so only by misrepresenta
tions. It is duo to the house to say that
there has been no suspension for yours
which has brought out more sincere
expressions of sympathy and regret.
—There are forty-one American firms
who are getting rich by making better
".imported ” liquors und wine than can
bo made in Europe,
I'lt of tlio heart,
■sit uf tlic Mill l<> tin* tri'i's,
hiiiik of tlu> wmil to tin' ItoxvriH,
ixiK tlm* iho heart sinus low to it *nlf
Will rule r forth o
your ncliluit llmml.
im an m vain Uml you Irv,
For Iho spirit of -m<iik lias Ur
ho iil((liiliiKixt.' hIuk* no inoro
Wlion Iho hoautiful It
H<> lot hI'oiii'o mill) full
On Iho lirnlm il hoarl'* qiilvorliiK »lrlnu«;
'primp* from tho lots of nil you limy harn
V itnnul niul t'lorliuiH pHttlio
Tlail vxlll tmotile, iiikI tiro,
Ami ll I your liroant ullti IIn ur.itoful re
Amt I s
SIIERMAN AND DAVIS.
rhf A *mUi"nofl,y
(hr Stmiil - A III iii ■/ .11
oral
General Bragg wuh in tlio city
days during tho post week. He re
ferred, in the course of a conversation,
to the recent assort ion of Gonoral Hlior-
man that Im had suspected Mr. JcflVr-
sou Davis of complicity with tho as
sassins of Mr. Abraham JLlnoolu. Gen
eral Bragg said that lm had seen Mr.
Davis tested in cases of tin’s sort, and
while two efforts wero made by hired
iiFBUsaina in 18(11 to destroy Mr. Davis’
life im never manifested tho least signs
of lOBontful fooling. It was in June,
1804, that Mr. Davis, when riding along
tho defences of lliolunoitd, was tired at,
tho bullets passing very near hiH person.
Once afterward lm wan shot at wlmil iu
tlio outskirts of Richmond. But wo
propose to settlo this question finally.
Dahlgroti’n raid will not soon be for
gotten. Col. Dnhlgreii’H address, as
written and signed by him, was memo
rized and spoken or read to his follow,
era. They wero dlHgtiiBcd as spies, and
were captured an spies inside of the
confederate lines. They name, as slatod-
to murder Mr. Davis. Wlion they were
captured and this paper was found on
Iho person of this man, Dahl^ron, Mr.
FACTS AND FANCIES.
Who was tho old Fronohrann who
Hcldoin driuik water boonse it has so
tiiHtcil of shiners sinoo tho flood ?
—A Pennsylvania man captured a rnt-
tlo snake and sot about tonohiug it some
tricks, lie was on tho high road to buo-
oohh wlion they had to bury him.
- Tho sultan has 800 wives, nnd de
votes to his own and their use £'2,000,-
000 out of tho £7,000,(KM) that eousti-
tutoH tlio whole income of tho Turkish
empire.
—Naturalists liavo dooidod that no
hen can lay over six hundred eggs.
Therefore, when you liavo ehookod off
to that llguro you can sell her for a
spring chicken.
—Geologists have diHoovorod that tho
ground of Southern Indiana, Kontucky
and TonnosBon is slowly rising at tlm
rate of about a foot every twenty-four
years.
-Hinco tight dresses am worn tlio
street ear conductor cau toll just how
many ho can got on a seat, and how
many he can't. Ho don’t say "sliovo
up" any more.
—Tlm Maryland democrats held tlieir
state convention in Baltimore on Wed
nesday. Ex-Honator Hamilton is said to
be the favorito candidnto for tho nomi
nation for governor, though Govoruor
Groonm has many adherents.
—At Vinoonnos,Franco,recently,during
tho murriogo ooromouy tho brido s tooth
fell out, whioli so frightened tho brido-
groom, a worthy tnilor, that lm made
tlm sign of the cross, rushed off like nn
arrow, and lias not since boon heard of.
- -New Orleans line a haunted coll.
Three suicides having occurred in it,
and Hovcral other prisoners liavo beou
prevented in tho very not; and wlion
questioned about it, Urn answer invari
ably i« : "A woman in white bado mo
do It."
—Idleuoss iH a disc nse that must bo
combatted ; but I will n >t advise a rigid
adherence to a particular plan of study.
1 myself, have never persisted in any
plan for two days together. A man
ought to road just us inclination lendfl
him, for what ho reads hh a task will do
him littlo good .—Johnson.
—It is tho divine attribute of tlio im
agination that it Is irrepressible, unoou-
finable ; that when tlio real world is shut
out, it onn oreato a world for itself, and,
with a lieoromatlo powor, can eon jure
up glorious shapes aud forms, and
cabinet and his military stuff con
curred iu declaring that the prisoners
should be executed in accordance with
the Iiiwh of war. President Davis, utter
ading tlm paper and finding that lie
ofipoolally was designed to be nssussi-
listed by bahlgrcn, peremptorily forbade
other treatment than that accorded to
prinonors of war. |(len. Bragg pro-
rvod photograph copies of Col, Dulil-
gren’s orders|. If Mr. Davis were
oapnblo of enormities which Gun. Hlicr-
man would escribe to his intervention
he would never hafo husituted to punish
with death the disguised followers of
Dahlgren. And would it not bo well
for Gen. HhorrnaM to roniembor that
Mr. Davis at all timo intervened in ho-
lmlf of tho condemned? It was tho
complaint of ninny confederate leadors
that nobody could ho executed who ap
pealed to tlm president for pardon. Jto
spared Harrison Bolf, tho bridge burner
of i'iiist TofincBseo, mid oaoli unionist
\$ho booarao n spy rather than soldier,
and was captured within tho confederate
Hues. Of nil men Mr. Davis’ personal
virtues and oliaruoldr have boon most
grievously misrepresented nnd misun
derstood by northern people; oven as
Lincoln's ollaraoter and spirit wero at
first misapprehended throughout tho
nonib. Mr. Davis differed from Mr.
Lincoln ill fcfiMfc—both IvuntuoUians and
both roared in tlio in'ld«t of tho same
moral atmoaphoro—- Davis elabor
ately odiioated, and taught and ri lined
iu all the schools ; whilo Lincoln's gen
erosity, noltlior greater nor purer than ..
that <it Mr, Davis’, was more couspiou- poor players in Athens. Tlio ago mado
because of Ills personal rudeness, „| RU when Bhukspeure, its noblest
■ * •* i wmimulL
brilliant visions to mako solitude popu
lous, and irradiate tho gloom of n dttu-
goon,— Wnuhlnf/ton Irving,
—Incredulity is not wisdom, but the
worst kind of folly. It ia folly, because
it causes iguoranoo and mistuko, wttli
all tlm consequents of thoflo ; and it is
very bad, as boing nouompaniod with
diulngouuity, obstiimoy, rudeness, un-
ohuritable'llOHH, and tbo liko bad disposi
tions, from which orodnlity itHolf, tho
other extreme sort of folly, in oxompt.—-
Harrow,
_nuir iH tlio uioHt dollonlo Hint ln»t-
jlii/ uf our umturinlH, luid uurvivoH uh
likolovu. It in no light, BO Routlo, bo
oBBiifiioR from tlio iilou of tlontli, tout u
look of liuir boloURing to u oluld or
friuiul, wo niny ulmoBt look up to
liouvcm uml corarmro iioIob with tho »n-
roIIo nature, mid may almost Buy, I
nave a ploqc of tlioo hero, not uuwortby
of thy boing now."—Leigh Hunt,
—Few footprints of tho great remain
in the rmml before tlm overflowing tide.
Long ogo it washed out Homer s. Cu
riosity follows him in vnin ; prM°o and
AhIii perplex us wilh a rival Htrotford.
tipon-AVcro. Tho rank of Aristophanes
is only oonjooturod from his gift to two
‘ ■ a.I..it.M r IMm acre mi
with which his womauly traits were
strong ooutrast. Qcn. Bhorman is n
man of fordo nnd genius nnd a skillful
Warrior; his boIUbiiuchh, and thus his
vanity, in liiu most significant foible,
often degenerating into an unpardonable
Occupying ids position ho Imd no
right to ascribe u degree of criminality
to Mr. Davis Which could only he sup
posed just to Die extent that partisans,
north and south, traduced Mr. David ill
ofder to make the cause ho espoused
odious. Gen. Hhcrmun, if morally a
great man, which ho is not; because his
vioes of intellect arc great, should hnvo
considered tlio facts before pronouncing
au opinion, as diBgraooful to Bhorman us
designed to bo ruinous to Mr. Davis’ per-
innl fume. Austin lexah Staten-
Tiik Would ih Moving.—Gambetta
and Jtoiiher aro universally imkuowl
edged in Franoo to be tho two chief
antagonists for power. The first is the
bead of tlm republican, and tho second
of tho imperial party. Buffet and M«o-
Mahoii are tho men of straw, politically
sneaking, whose short hour of rule
x .* I ... .... .. I i.uf T,. till ll’.ifl
leaf. In all Euro-
in the United Htutcn,
thero aro but two real, live parties. In
England, republicanism i« contending
with feudal uristoornoy, and in Franco
against autocratic tyranny, represented
by tho Napoleonio ornpiro. In Gar-
many and Italy, muinly proocounied
with tlieir newly acquired national iu-
depemleuco, thero exist in an aethro
state only tho party of unionists nnd
tlm abettors of tho old toriitorial divi
sions, headed by tho dispossessed
princes und Borne; in Austria
und Russia, it is tho party ol
progress aguinst th i party of old ideas,
And so on with tho minor and insignifi
cant continontal countries. Tho world
is moving, and straw men aro becoming
of less account.
destined to fudo
penti e mntrics,
Tire Drouth in tiif. South. — Reports
of heat and drouth multiply. Tim corn
crop, und oven tho cotton crop, in en
dangered by tlm hot, ruinlesH duys.
From Florida, from Columbus, from
Augusta, und from points between,
comes the cry for rain. But of all tlio
stories of Imt weather Um following,
from the Columbus Enquirer, in tlm
hardest to believe : "In a lagoon near
Shorter’s depot, on tho western railroad
of Alabama, it is reported ou rcliublo
authority that tho wutor has become no
heated by tlio sun’s rays that I lie fish
aro dying. Homo fifteen bushels of trout
— some weighing two pounds porch,
" black fish,’’ wore floating on tho sur
face on Monday. A short time ago a
party muddled these waters, and cautrkt
some three hundred pounds of fish in a
son, passed away.— WMmott,
—At Atlanta, last autumn, a negro
built n coop, six feet by seven, into
which ho put a dozen partridgos, the
ground boing first oovored with grass.
During tlio wintor they thrived, in tlio
spring they mated, laid eggf, batched
out several broods of young, and tho
near,> now Iibb iilranl sixty yotuiR pur-
IrillROB, nil <l»i»K well. They nm InlRO,
healthy, nnd seem to be contented.
— President MnoMnhon has just par-
donoil Huron (l'Ivr.T, condemned two
uro to llirno years imprisonment.
,s n OUHU Hint would never Imyu
p, trial in this country. He would
liecn politely bowed out by tho
coroner, no wan sliootinR
,Iiiism nnd killod a native .ccldcnlallv.
lie has thuH been in pnoon two ycare to
Icurii not to play ducks nnd drakes with
the Japanoso.
—As tho atroam gradually wears tlio
channel deeper In which it runs, and
thus becomes more surely bound to it«
accustomed course, so tho currents of
tbo heart and mind grow more restricted
to the course iu which habit has taught
them to flow. These intellectual and
moral habit* form many peculiarities of
character, aud chiefly distinguish on
individual from another. They aro,
therefore, of tho utmost importance.—
,S. (/. f/oodriah,
-Thero i» in Ilia Fronoh political
world a man of oousidcrablo importance,
but who is not 1 remarkable for quickness
of thought or perception. Hw yonng
son has just rcoovorod from tlio tvpuoiu
fever. Tho family physician did not
conceal tho serious nature of tlio hoy s
illno»H. "Oh, yes,” said the father, 1
understand that. When I was a child,
I had the tynhoid fever nnd tlm ilootor
said to my parents, it is very sertouH.
They either die of it, or become idiots.
Well, yon see, I am not dead.
—Old Hwiuford churchyard, Worces
tershire, in England, was the soono of
an extraordinary affair a few days since.
More than a thousand people assembled,
in anticipation of a funeral, which, it
was rumored, would uot pass off quietly,
opposition being offered to the inter
ment of an inu-kooner’B wife in a fumtly
vault. This had boon opened, but it
was found bricked up again, and at the
last moment an ordinary grave was dug.
XVliuu His fuuural arrive,1, lourt enua of
“ upon tho vault I” sroBO, uml man Hut
to work to remove tlm musunry, thu
mourners wnitluR the menu. Iho op-
p,musts of llm P; 0 " 10 ?!''*
greatly outnumbered that thoy did not
resist, und a body of polico wero present
to keep the peaco. Tho vault being
opened, tho coffin was lowerod, and
very short time,— Atlanta Constitution,) a ipud itful triumphant oheer arose.