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the WEEKLY SUN. h( ,* a V i>k wolf. Thomas gilbekt, THOS. GILBERT & CO.. PROPRIETORS. terms ok subscription. (meo py, "»•' y H!ir I 30 months , «o fLFB RATES. - _, p .pies, one year, i same poat- a: *' eaoii 440 mu copies, one ear, to same post ttice ** * ■*'> each 6 ?.j t . m oies. one year, to same post.. ..fti.'o 11 - > '«ench 1-4 iiO cj, ~„n e .pie-. or.e year, to same [a. t olfice "* ’ *■’ each 17 t„, y o.'pie-, one year, to same post- Vltc- 11 > > e >ch ‘4O OO S inscriptions .liscontlnucd at the expiration of ti ne. vll remittances must t e ny letter or -ioiliic oneyor or, otherwise at the risk „fine sender. Address. TltOS. GtEBERT & 00., Ooinmbus, da. ADVERTISING RATES: Advertisements inserted at $! per square (ten 11 r e - ~r less, m small type ) first insertion, and cents each sntisequeut Insertion. CONFIDENCE ! That’s Wliat is Wanted. A financial crisis that does not affect the value of the paper currency of the country is an aautnal.y. it results from the ample guaranty which the Government hold-, for the redemption of all the circu lating currency of the Banks,and the arbi trary power which it exercises of making all the hills thus protected ■‘legal tenders ’’ Tiiot tile National Bunking Laws do not fl so protect depositors in these institu tions, is an imperfection inure easy to snggest than to remedy. Whether it be remediable or not, the perfect security and ntidiiniitishcd value of the currency relieves this "mispension” of a complica tion from which no other in this country whs ever free It*ought to relieve the sit uation of the chief difficulty in the way of an early resumption, and we believe that as soon asthe flurry is fully overconfi dence will be restored and business go on as usual. The panic was not on account of the value of the money, but on account of the safety of deposits in banking es tablishments known to be involved in wild speculations and the purchase of stocks of uncertain value. It, will not now take long to determine which estab lishments have thus involved themselves beyond the limits of safety. It has already heeu shown that their suspension will not depieciate the currency. What then '( With the volume of the currency even greater than before, the desire foi safe de posit or investment must return, and the. convulsion which we are now passing through will determine what are safe in vestments. No doubt some “wild cat” concerns will be wound up in bankruptcy, and some railroad stocks will greatly de preciate. But the country will lose noth ing by the removal from its business op erations of the gambling element to which these institutions and slocks belonged We know that our banking establishments at the South are not involved in their op erations and will not be affected by the depreciation of such stocks. So there is now no cause whatever to distrust any Southern banking establishment that is not known to have close business connec tions with one or more of the wild specu lating houses of the North. Some of the suspended banking houses of tiie North are already making state ments of their liabilities and assets, and these statements show they have ample means, available within a short time, un less there should be too great a deprecia tion in their railroad and other stock se curities. A considerable “shrinkage,” as it is called, of (lie value of these stock - is already reported, and they must find their level before some of the establish ments that have dealt in them will know the exact value of their assets. But this is u test that will not affect the Southern Bankers, except a few with connections such as we have indicated above, and there is therefore no need for distrust as to them. Bet them feel that they have the confidence of the people, of depositors especially, so that they can .go on, to the extent of iheir limited means, tn supply tug the country with die eurrrenoy need ed to carry on its commercial operations, anti the “crash,” though embarrassing to us at a time when money is greatly needed, wid affect this section less injuriously than any other. MEASURES OF UEhIEF. From nearly every city come reports of the consideration or adoption of some io cal measure for furnishing a temporary circulating medium. It is much ;o be desired that these expedients will have the effect designed Though they must, be inadequate to the great commercial needs of the conn,' ry, they may be greatly bene fi 'ial nr preventing the sacrifice of pro perty and enabling debtors to pay then obligations to merchants and others. Il has been seen ihat. the efforts of the Gov ernment to this end have been unavailing. It went to the relief of the banks by buy ing eleven millions of dollars of bond and throwing into circulation thirteen millions of loan certificates-—all in New York; but these appear to have been ai once gobbled up by the dealers in stocks, gold and bonds, and no perceptible in crease in the money in circulation was observable. It did not at all relax the grip with which possessors held on to tl.< money in their grasp. If the $44.1H)0,0b> of reserves 'and all been throw n upon the market, as Wall street demanded, tin strong probability is that the bulk, if n>*t every dollar of it, would ru like manner have been locked up in two days, and thus it would have failed to give any ri lief to the business of the country. Confidence in tim National currency is strong, while confidence in depositories has been greatly weakened by the wild speculate ms and dangerous complications of some of the great, banking establish ments. So long as the currency is re garded as the safest security or invest ment, so long will people hoard it. jrtst as, in tin.es of former panics, they Hoard ed gold and silver. Keeping this fact in mind, it may well be doubted whether any increase of the volume of the cur rency by the Government will have the desired effect, and it is not difficult to comprehend how an inordinate issue may injuriously affect values and perhaps im pair the credit of the Government itself. To our judgment it appears that the Ad ministration acted wisely and prudently m arresting the increase in the volume of the .-nrreuey, since it did not go to the relief of commerce as designed. Some more guarded and comprehensive plan of relief seems to he required, ami until this can he fig ed upon, it would seem to he the part of prudence in the Treasury De partmeut to strengthen its own position, husband in resources, and he prepared to act effective !y in furtherance oi the plan that may t>e adopted. In the meantime, ill all probability, s une of the great es tablishments that precipitated this crash and panic uiay have wholly "gone b\ the board —-may he considered irretrievably bankrupt and beyond resnscitnti n. But the local issues designed to relieve temporary necessities will not thus be gathered up and retired. I'here will be no difficulty in applying them directly 10 the fucintariou of commerce and the sup plying of '.he wants of the people. Lei the people accept them without distrust end keep them in circulation, and they : nust be instrumental in alleviating the hardships of the situation. The municipal election was held in Nashville on Saturday. Slayoi Korcheval 'as re-elected, by a majority of about wen hundred votes over Mr. Morris, ttfe most exciting election was on the I’aeKiion of permitting hogs to run at j"> ill the oily. By a vote of 2,2<>2 to 1! b, the hog was forbidden that ancient 't'Veego, but may contest the election, t the vote was so cioso. VOL. XV. HE ItCUL EH WOX’T MOVE AT THAT FIGURE ! The New York World of Snnday. in an article urging the importance of the im mediate appropriation of money for the moving of the crops of the country, esti mates that we have for foreign exporta tion three millions of bales of cotton, which, at 12£ cents a pound, represents a total value of $174,000,000. The value of the lueudstufls for exportation it esti mates at # 100,1100.000. It deprecates the greater anxiety which is manifested abont the price of bonds and other securities, and says that the moving of the produce is “the prime condition of relief from the' present stringency.” No doubt the Mi/rlcl is correct in its estimate of the effectual remedy. But it. misses the figure badly if it supposes that much cottou will “move” at 124 cents a pound. W,th Liverpool quotations at sjd. in gold for Middlings-equal to fully 19,i. in greenbacks at the present rate of dis count—the cotton planters of the South can hardly stand the amount of fleecing to tie incurred by letting New York have their staple at 12£ cents a pound. They are not going to do that. The very sug gestion of it shows the necessity of the Southern people establishing commercial relations that will free them from entire dependence on the speculations, fin dila tions and suspensions of the North. It would of course be ati easy way for the gambling Northern operators in inflated stocks to retrieve their losses by making the cotton pianlers the “senpc goat” getting their cotton at 12j cents, mid sell ing it at IK or lit, but the iittie game won’t succeed in this instance To “move” the cotton crop to the relief of the stock gamblers, the price offered must bear some approximation to tic Liverpool quo tations, and the latter must not be sym pathetically lowered to play into the hands of the bears on Ibis side, in disregard of tiie relations of supply and demand. MI SSI SSI FFI POLITICS. Advices from Jackson say that Gov. Powers, concurring in the opinion of the Attorney General, has issued his procla mation declaring that there cau be no valid general election in that State until November, iB7I. Ii is also said that thy Radical press of the State “denounce the proclamation as incendiary and revolu tionary.” . We do not know anything of the constitutional or legal provisions upon which either party rely, and of course we can express no opinion upon the point in controversy. But we apprehend that out of this squabble will spring an opportu nity for Federal intervention in the af fairs of the State, and that Gen. Grant’s Administration wiii avail itself of the op portunity. It may be by enforcing tne Iladicul claim of right to hold the elec tion, or it may be by the forcible instal lation of the State officers whom the Rad icals may informally vote for and declare eiected. We suppose that there will be •some sort of an “ election ”in which the Conservatives will not participate, and that Federal power will be exercised to put Ames and others of the “ elect ” in office. HOSE VS. SHELF. Eel. Sun : As you seem slightly con fused as to the chemical and mammal difference between the Carolina Bone Phosphates and the Alabama Shell Marl , you will permit the following statements and comparisons: Tiie Carolina Phosphate* contain in 100 parts t/i 81 of phosphoric acid, and the remainder, 7)4.19, is lime. Shell Marl contains in 100 parts from 10 to 20 pet cent, of the carbonate of lime, but no phosphoric acid. Green Sand Marl con tains about 5 per cent, of carbonate of lime, but contains, in additon, from 2 to 7 per cent of insoluble potash and a small amount of insoluble phosphoric acid. This, as near ns I can stnte it, consti tutes the difference in the chemical com position of the two articles, Shell Marl and Bone Phosphate As to Iheir viawurial difference, it. will be seen from the above, that. Shell Marl is altogether wanting in phosphoric acid. which is one of three chief ingredients n every complete manure. the three ingredients, ammonia , potash and phos phoric acid. are all that are worthy of the planter’s consideration in any concentrated manure. The presence or absence of these m any soil constitute the difference between rich and poor land, and the last is quite as important ns the other two. Now, as the Carolina Phosphates are rich in phosphoric acid, and as thtfy fur nish the cheapest source of supply for this material, and as they are illimitable tn quantity, we readily perceive their vas' importance to the agricultural interest ot the South. Planters, however, have never reaped the benefits of the discovery of . iiese deposits, while its disc -very ha. greatly cheapened the sources of supply of the raw material to manipulHtorH. So much for the Carol ilia Phosphates. But the question may siili be asked have die Alabama Shell -Marls uo manorial value? I answer, yes. to the extent they contain lime and that lime is a decomposer of vegetable matter and corrects the acidity of soils, to that extent they have mammal value. The marls are also a valuable addition to the compost heap. James M. Lennakd. JAY COOKE .4- CO. We ha ve copied elsewhere a summary of of the statement of assets and liabilities made by this establishment. The comment, affirming their abiiility iu pav every dollar of their indebtedness and have a surplus of several millions over, is none of ours. We cannot recog nize such strength in the statement. !{•■- aiizing on loans to the North Pacitie Rail road and on second mortgage bonds of other railroads, must be very uncertain in the near future, and these constitute fully one-half of the assets. How much of the other half, including “bank, iustir anc, and other stocks, bonds and real es tate” can be made early available, is also a question of doubt. It is plain that the statement is so classified ns to “put the I>.-st foot foremost,” and even then it is far from assuring. 1 .1/ roi: TA ST DEC IS IO -V. A decision of Judge Johnson, holding the .superior Court oi" Talbot county, is of interest to ail persons who bought laud that had been set apart as homesteads, and were afterwards sold, before the Su perior Court of the United State-, pro nounced the Georgia llomestgad law nn constitutionai. I’he Taibotton ,Standard states tiie decision as follows : In the course of an opinion Judge John son decided that where a homestead had been set apart and aftei waids sold, pi tor to the decision of the United States Sn reme Court on tne homestead laws, that the purchaser gets a good title against all executions whatever that may be on the property. Under the above decision there are six appeals to the Supreme Court. vs--- - An important, change- in the wearing apparel of the King of Dahoiuy is report ed. Seated on ins throne, he received a scientific commission, not 1 mg ago, his body profusely decorated with the b n- , gold, and green labels which had been carefully pee ed from the medicine bot tles brought i.-y Europeans into his domin ions. 11l such a picturesque garb the Afri can pri ice must Lave equaled even the glit taring costume of the Shah. THE WEEKLY SUN. GEORGIA SEWS. We learn from the Me as that the citi zens of Griffin, at a meeting held on Fri day night, discussed with much favor a proposition to issue $75,000 or SIOO,OOO or city notes, to be loaned to the banks to purchase cotton with, and the cotton to be heiii as collateral security for the re turn of the money. A large number of the business men of Atlanta have published a notification that they will take lohn H. James’ loan cer tificates as money. These loan certifi cates ate made payable on the Ist of April next, and are issued tn sums of from $5 to $ 100. A e learn from the Herald of Sunday that the Atlanta Banks had leceivtd tele grams from New York Banks offering money "in any reasonable quantity” to buy cotton with, and that several buyers received orders for cotton, but at only 14 to i The Herald believed that there would he money enough in Atlanta by Monday (yesterday) to meet the ends of legitimate business. The Augusta Constitutionalist of Sun day says ihat a nnmbe: of Un enteipris mg merchants and business men oi mat city have adopted a measure of relief which consists tn the exchange of goods, wares and merchandize for either cotton or certified checks on any of tiie suspend ed back- of the city. A committee of the business men of Augusta have reeom mended that the Gcugia Railroad Com pany issue $400,000 m short date bonds, of from SSO to SIOO each, to be converti ble at the option of the owner into green backs, upon thirty days’ notice, but to draw uo interest if presented within less than six months. The Savannah Mews is authorized by officers of the Savings Banks of its city to announce that they will allow the full quarterly interest due on the first proxi mo on all deposits that have been with drawn, provided tiie amounts are deposit ed at. once. The Marietta Journal says the lessees of the -State Hoad are spending much money in putting the road in good condi tion, preparatory to anticipated heavj' tint of freight tins winter. Besides laying costly steel rails, new cross ties are being inserted and the oed of tiie road heavily ballasted with rock, at a cost of about sixty cents a'nieasured'yard. the Atlanta Herald haspositiveinforhia tion, which warrants it in making the as sertion that Foster Blodgett will come back to Georgia in less than thirty days from this date, and stand his trial for the several offenses with which he is charged. This information may be relied upon. We, wonder if the failure of Clews & Cos. has anything to do with this patriotic resolution Jon the part of Blodgett ? Gin House Burned. —We were inform ed yesterday that a gin house belonging to the Georgia Land and Cotton Company, on the Lee plantation, in Lee county, was burned last Monday, together with, two hundred bales of cotton. It was anew girt house and finely fixed up. and its destruction, together with the cotton, will be a serious loss to the owners. —Macon Telegraph, 21th. The End or a Bio Law Suit.— The old case of Hugh McLean vs. W. W. Clarke, John Harris and Enoch j>Sleadman, bill in equity to set aside the sale of a cotton factory, was tried last week in Newton Superior Court, ami the jury, for the second time, returned a verdict for the defendants. The amount involved was about $75,000. The case was hotly con tested. Hon. J. J. Floyd and Hon. James S. Hook, represented the complainant, and Hon. C. Peeples and Hon. A. M. Speer the defendants. The business men of Griffin, at. a meet ing held on Saturday night, set a He -'he proposition submitted at the previous meeting, to issue city bonds, and instead of it adopted a resolution requesting the ; banks of the city to issue ee;: ifteates of deposit lo the amount of $25,00(1 each, de- | positing good collaterals with the T'reasn- I rer of the city; the citizens of Griffin pledging themselves to take said eertifi ; cates as currency The Griffin Mews reports the capture in Flint river of a turtle weighing one hun dred pounds. Pretty good for a fresh water hard -hell. It was caught in a trap, i and of course wen; to soup. A young man*seventeen years old was I sentenced to the penitentiary in Hall : county recently for horse-sleaiiffg. He | gave a fictitious name, and remarked that | he would not give his real name for ten | thousand dollars. Death of Oapt. E. P. Lumpkin.— We regret to i> -ru the death of this gentle j man in Athens yesterday morning. Cap tain Lumpkin was a prominent young lawyer and stood high among his people. He was a son of the late Chief Justice ! Lumpkin ami was Captain of Artillery in i the war between the States. We extend our sympathies to his many relatives and | friends. — Atlanta Constitution, 31 Hh | A correspondent of the Macon Tele \ graph proposes the election of Hon. Jef ferson Davis as Chancellor of the Univer sity of Georgia Chancellor Lipscomb having declared his intention of retiring soon. The trial of L. B. Pike for killing C F. Baer in Macon has been postponed until the regular term of Bibb Superior Court, which commences the 4th Monday in Oc tober. The Directors of the Georgia Railroad and Banking Company, a; a meeting held in Augusts'on Monday, declined tbeprop s ositiolt of the business men of the ci!y, I ‘hat tiie bank* issue short bonds to the J amount of $400,0(10. A proposition to j issue notes to the amount of three times j the capital stock of the Bank, under au ttairit, of the act of the Legislature of I 1870, extending its old corporate privi ! leges, was also rejected by a vote of 12 to 2, on she ground that such issue would be subject- to a tax of 10 per cent, under the Federal Banking lawn. Finally a .esoiu i tinu was adopted, “that the company in i vite deposits and pay upon tbe same in j terest at the rate of seven per cent, per j annum, on thirty and sixty days’ time, I and ihat the Finance Committee be att j thovized to discount cotton bills with this deposit fund.” I The State Road lessees have paid their September rental into the State. Treasury. They are as prompt aud regular as the Tax Collector. The Atlanta Herald gives a report of cotton picking on Monday last, on a plan tation of the upper Chattahoochee, that will give some idea of the fruitfulness of the cotton plant in some parts of upper Georgia. Six hands picked the following amounts: .‘-.lose tin, Austin filli, Peyton .”.30, Sam 310, David 270, Dan 17(5: total 1.83(5, or an average of 306 pounds to the hand. ALABAMA SEWS. We find iu the reports of the Montgom ery Journal of Tuesday the names of the following persons who hid the yellow fever iu its city lip to that time: Mrs. Singletary, Miss Todd, Putnam Larkins, a child of Mr. Muicahey. and a colored man, ail in the first ward; Win. Schnabel, n the sixth ward. Miss i’odd had died. j..stall 11--.. is returned to MoiiCp mery ~n Saturday, and his banking house re sumed the payment of checks and depos its on Monday. Opelika generously aud sensibly re fus'd !o quarantine citizens of Montgom ery ileeir.g from the fever. This shows that the ia.-pie erf Opelika, like those of Columbus, have confidence m the ueaith fulness of their city audits freedom from malarious -diseases. The Montgomery Journal says that the people favor- the reissue by the State of Alabama oi sind.ono of State certificates, and it contends that they are better than greenbacks. A Modkt, Farmer. —Mr. John W. Weed, of Dale county i- a model farmer, whose example, if followed, will contribute more to the redemption of this country than anv-thing c’->e. -.r all things else combin ed" He h.us gathered this year from six icres of poor ridge laud, an average « I forty -nine and half bushels of coin pci' acre, which was fertilized wirhlot manure. He never buys any corn or meat, nut on the coutr - y always has these articles for sale. His meat he raises from a variety of hogs known as the Poland, white and spotted, but nearly black, and of these he now has one which weighs over .iOO p -nads. Here is a practical solution of the hard times question, whie'i farmers to adopt. —Eufaula Times. COLUMBUS, GEORGIA, TUESDAY", OCTOBER 7, 1373 E VANGELICAI , A L I.IAXC E. j A World's Conference of the “Evangel ical Alliance” is to opes its session in New Y’ork city to-day. This is a Protes tant ecumenical council, and representa tives from ait Protestant countries and sections are expected. The Alliance was organized in 1848, in Loudon, and has held five sessions, all iu Europe. The New York Herald of the 27tii. publishes a long list of foreign delegates who had already arrived, embracing ministers of the Presbyterian, Baptist, Congregatiou aiist, Wesleyan. Church of England, -Methodist ami Reformed Church denom inations. Its general object is defined to be Christian unity iu action and feeling, without doing away with any of the non essential distinctions in church discipline or organization now existing. It is ex pected that much good will be effected at this meeting in promoting the work of evangelization amt effecting a more cor dial co-operation of the various Protes tant denominations. THE COMMON PLATFORM. Asa a general enunciation of the prin ciples of the Alliance the following sum mary of belief was adopted at the tor mat ion of the organization in Loudon in 184(>, and lias been accepted by the vari ous branches which have since been es tablished. Il affiiins; 1. ine divine inspiration, authority and sufficiency of the Holy -Scriptures. 2 The right and duty of private judg ment in ti-e interpretation ol' the limy Scriptures. 8. The unity of tin? Godhead and the trinity of the persons therein. 4. The utter depravity of human na ture in consequence of the fall. 5. The incarnation of the Son of God. His work of atonement for the sins of mankind ami His mediatorial intercession and reign. . b. iht justification of the sinner by faith alone. 7. The work of the Holy Spirit in the conversion and sanctification of the sin ner. 8. The immorality of the soul, the re surrection of the body, the judgment of the world of our Lord Jesus Christ, with the eternai blessedness ol the righte ous and the eternai punishment of the wicked. 9. The divine institution of the Chris tian ministry and the obligation and per petuity of the ordinance of baptism and the Lord’s Supper. It being, however, distinctly declared that this brief summary is not to be re garded in any formal or ecclesiastical sense as a creed or confession, nor jhe adoption of it as involving an assumption of the right authoritatively to define the limits of Christian brotherhood, hut simply as an indication of the class of persons whom it is desirable to embrace within the. Alliance. THE OUTLOOK AT WASHINGTON. Special to the Courier-Journal.] secbetary Richardson's views. Washington, Sep; 28 —Secretary Rich ardson takes a hopeful view of the finan cial crisis. Ho expressed tire opinion on Saturday last to your correspondent that tiie present distirbauce would not contin ue long, and that when it should be over the country would be the better for it. Admitting that for the present there will be a reduction of revenue, he was confi dent that the Treasury would be able to meet all current and accruing obligations. Having a large, apparent balance iu the Treasury, he bar! felt obliged to do some thing to relieve the money market, and had purchased a series of the 5-20 bonds, by which means the sum of $750,000 per annum in interest had been saved to the people. THE LEGAL-TENDER RESERVE. It was apparent from the tenor of the Secretary’s remarks that fie felt that he had done enough, and ‘hat ho would not adopt any of the plans now urged on him for the Wall street clique. The Treasury will have no money io spare on experi ments for some time to come. The Sec retary stated that to replace the currency used in the purchase of bonds, he should put about, fourteen millions of the legal tender reserve as cash in the Treasury; this had been doue on several former oc casions. At the proper time tire currency would be reduced to the average hereto fore obsetved. government's foreign agency. Iu tespecL to the appointment of Bank ers in London to succeed Henry Clews, Habecht & 00., the Secretary states that the subject had not been considered. The house of -lay Cooke, McCulloch & Cos , in London, who wore yet strong, he said were paying the drafts drawn on the former houses by the American Ministers, Consuls, &u., and the.e would be no em barrassment to the public service on the head. The drafts for quarterly salaries, expenses, &0., w ill soon be presented, and ii would seem that Clews, Habecht & Cos., have taken care of these drafts by special arrangement, doubtless to the end that, they may retain ftieir position as American bankers iu London. And. it would also appe.a* that, notwithstanding their suspension, the President is unwil ling to substitute for them a solvent house. REVENUE RECEIPTS FALLING OFF. The panic is ai ready affecting the reve •nue. The internal revenue receipts, which the commissioner had estimated at $9,- 000,000 for the current month, were only $8,842,000 on Saturday, and wid not come np to the estimate. If the present, stringency shall continue, a reduction of 20 per cent, m this branch of the revenue may oe expected, as ‘he manufacturers wiii tie unable to get currency from the banks wherewith to pay their taxes, and writ have to curtail their operations. The customs revenue is still more seri ously deranged So far, only about $lB,- 000,000 have been collected tor the pres ent month, which is considerably below what was anticipated a month ago. If the present state of things shall continue, well-informed officials predict that the falling off will be fifty per cent, at least, for a while. TO THE PJIESS. A committee of the Georgia Press As sociation, consisting of Messrs. Robert L. Rodgers, of the Sandersvilie Herald ; C. W. Styles, of the Albany Mews ; 0. W. Hancock, of the Americas Republican ; T. M. Peeples, of the Lawrenceviile Her ald ; and J. B. Reese, of the E i ton ton Press and Messenger, was appointed at the last meeting of the Association to take ail neceesary steps for the formation of a National Press Association. Having re ceived favorable responses and assurances of hearty co-operation in the project from newspaper men of various States, the committee, through the last Sandersvilie llernld fins issued a call for a convention of journalists throughout the Union, to assemble at St. Louis on Wednesday, lue 2‘ith of Xoveuitn r, 1873, to organize a National Press Association. The New York papers of Saturday men tion propositions made by Henry Clews & Cos., Howes & Macy, and Jay Cooke & Cos., to open new hooks and commence hanking operations again at once! They severally announce ihat they purpose to continue their business by receiving spe cial deposits in trust fur new accounts, pledged only to payments drawn against such accounts, and that they will collect and realize upon loans, securities, and other assets, as fast as possible. Fmk A" Hatch promise a satisfactory showing at »n ea.iy day, and say they may make it simultaneously with a re sumption of payment. Their assets, they say. greatly exceed their liabilities. The public is very much like the Frenchman who had a deposit with Mr. Gaston, of Savannah. Meeting Mr. G. one day. the apprehensive Gani. with the action ■ f Laima, cried out: “Monsieur Gaston, I vaiit my mounaie! "All right," said Gaston, unbuttoning his pocket-book; “here it is." The Frenchman, with a wave of hand and in duieel tones, ex claimed: “Put him up. sale; put him up! If you have my monnaie, I no vant him. If you have him • .1 vant him right away. —Augusta VoMtitu'ionalut. NEW YORK ITEMS Debt Statement and Customs—Failure— Death of the Commander of the Kear eage—Scene at the Stock exchange. New York. Sept. 30. —The statement will show an increase of the debt and customs diminished half since the panic. Henry J. Brooks, leather factor, failed. Admiral Winslow, who commanded the Kearsage in the fight with the Alabama, is dead. The Stock Exchange and vicinity is crowded. Members crowded around the President's desk, waving their hats and cheering. The President baid: “We are met again after a very momentous sus i pension, for the purpose of resuming busi ness. Your action in the interim has ! met with universal approbation and has been most satisfactory to yourselves.” Business will be carried on under the rules, adopted yesterday by the Treasury Governing Committee, which he read, and appointed a committee to settle eon i tracts of defaulting parties. In conclu sion he added : “All I ask now is that you help each other to bear the burthen that has fallen upon us and to so conduct j business as to enable the Exchange to ; carry on its work successfully.” Loud cheers greeted these remarks ami the members proceeded with business. A much better feeling appears to exist, and opening prices of stocks show a feel ing of confidence. Later—Considerable pressure to sell. Stocks decline three per cent, from open ing prices. Brokers are indisposed to operate for customers on margins until affairs are more settled. NEW YORK DEMOCRACY. Assembly of the Convention at Utica— Speech of lion. Horatio Seymour. Utica, Oct. I.—The Democratic State Convention met at noon. Hon. Mr. Beebe was chosen temporary chairman. Iu his speech he advoeafed welcoming the Lib eral Republicans to the Convention. Temporary Secretary Wells was then appointed. The cases of the contested delegations were then referied to the Committee on Credentials, consisting of two from each Judicial District. A Committee was then appointed to select permanent officers. A resolution recognizing the Liberals and inviting their co-operation was of fered. Creamer, of Apollo Hall delegation, attempted to speak, but being recognized aK one of the contestants was rapped to order. A scene of great confusion en sued, Creamer insisting upon speaking and charging that the Committee oil Cre dentials had,been packed. Amid confusion recess was then taken. Convention reassembled at 4:30. Gov. Seymour entered the hail and was received with great applause, the mem bers rising. The Committee on Credentials reported in favor of the admission of Tammany delegates from New York. The report was adopted, whereupon the Apollo Hall delegation withdrew. A permanent organization was then ef fected by the election of Horatio Seymour, President. After® appointment of Committee on Resolutions a recess was taken until eve niug. NEW YORK FINANCIAL MATTERS. New York, Sept. 30. —The resumption of Smith Seaver was received with a speech at the Stock Board. The impression prevails that all leading houses will puli through. Sterling unsettled, but improved. At three p. tn. the Stock market was still without excitement and closes firm Wes tern Union quoted 111>4; .Rock Island 91; Lake Shore Union Pacific i 9-J; Pa cific Mai! 33. Application was made in the U. S Cir cuit Court to-day for an order enjoining the Comptroller of Currency and Receiver of the Bank of Commonwealth from pro ceeding further in matters of the bank: also, for a citation to show why the re ceivership should not be vacated amt op erations declared null and void,on grounds that the bank never refused to redeem any of its circulating notes. The cita tion was granted and luade returnable Oc tober 7th. New York. Oct. I.— There was a very quiet feeling in financial circles to-day, with an entire abseuce of any exciting events. This morning the firm of Nor throp & Chick suspended, but the failure had no influence over the Stock Ex change, as the firm had no stocks. The suspension was caused by the withdrawal of deposits. There was another sharp advance ou foreign exchange to-day, and leading bankers advanced their rates to 107f for sixty days sterling and 109 for sight. The suspension of Henry Ciews & Cos. was officially announced in the Stock Ex change to-day. Bank officers report the demand for currency to be sent to country banks has fallen off. Several banks out of town tel egraphed to stop further shipments, and some others have returned greenbacks to New Y’ork. The total amount paid out on account of November interest is $2,994,- 574. THE MOVEMENT IN CHARLESTON Charleston, Sept. 29. —At a meet-tug of the Chamber of Commerce, which in cluded the largest assemblage of bankers and business men that has met in Charles ton for many years, the following was unanimously adopted as an indication of the policy thought most likely to facilitate the movement of Southern produce to market and enable Southern debtors to settle promptly with their Northern cred itors, thus relieving the money pressure around: Resolved, That the President be in structed to prepare a memorial to the President of the United States and the Secretary of the Treasury, praying that the Secretary place and maintain on de posit with the Assistant Treasurer at Charleston, the sum of $500,000, to be used by him in purchase from the Banks of Exchange on New York, and that such memorial be transmitted at once tp Wash ington in the name of the Chamber of Commerce of Charleston. Resolved, That meanwhile the Presi dent of this Chamber be authorized to forward the substance and purpose of such memorials by telegraph to the proper persons iu Washington. Charleston, Sept. 29. —At the ciose of business to-day ail tbe banks had received more money than they had paid out. Currency scarce. Assistant Secretary, Sawyer, telegraphed to the President of the Chamber of Commerce that Charles ton will have all the relief afforded other places. THE NEW TROUBLES IN MEXICO. Special to the Galveston News. Brownsville, Sept. 25.— Gen. Rocha was preparing to pronounce ag dust the Government. He sent his brother to the city of Mexico with letters, etc. He was arrested, and the letters fell in the hands of President Lerdo. General Escobedo was ordered to relieve Gen. Rocha, and went to Seacatras Rocha mistrusted him, and made Escobedo a prisoner, con sequently he, Rocha, is in open rebellion. His division is the best in the Mexican army. Senor Velasco, member of Con gress from Tamaulipas, telegraphs that the zona libre will fie repealed here hence it is believed his State will side with Rocha. The above is considered authentic at this place. —— - HORRIBLE HEATH OF AN AERO -V.4 IT. Wapello, la., September 25.—Profes .sor J. o . Bailey advertised that he would make an ascension in a bailoon to-dav, and drew a large crowd to the Fair Grounds. The balloon was inflated with hot air, and left the ground with Bailey hanging by Ins baud to a horizontal bar beneath. Just as it star ed it took fire near the mouth, and Bailey did not ap parently notice the five untii he was too high to let go with safety, but hung on until he had reached an altitude of 1,200 or 1,500 feet, when the canvass that held the hoop from which he was suspended burned away, and he fell, reaching the earth a quarter of a miie from the point of starting. His body way frightfully mangled, and Lis legs were, driven into the hard ground up to his knees. WASHINGTON ITEMS. Washington, Sept. 29.—Gov. Kellogg, of Louisiana, and Collector Casey, of New Orleans, are here. Secretary Richardson declines the ad vice of a New York financier, that he should drown himself. A special agent of the post office de partment, is in charge of Petersburg post office. The banks and banking houses associa ted to do nothing move than to certify checks, do but little business, while those not in the association have largely increas ed their business, paying all checks upon them as usual. Among the latter is G. W. Riggs, who, since Saturday, has re fused to receive SBOO,OOO on deposit, not caring to enlarge his business and employ additional clerks. THE VIRGINIA CAMPAIGN. Special to the Cincinnati Commercial. Washington, Sept. 24.—Asthe political canvass in Virginia progresses, it becomes more heated, bitter and personal toward each other. That a duel wiii grow out of the offensive remark reported as having been uttered by ex-guerilla Mosby, about Hughes, the Republican candidate for Governor, for tbe reason, as Hughes friends say, that he is known to be a fight ing man, having already fought a few duels, and nobody would deem him a coward for failing to resent Mosby’s in sult, especially when it is recollected that Hughes would have to withdraw as a can didate for Governor; besides, according to the laws of the State, being disfranchis ed if he should either send or receive a challenge to fight a duel. Another feature of the campaign is the fixiu which old ex- Governor Wise has placed himself. He has written letters which have been pub lished, indorsing tbe candidates of both parties, and an explanation from him is demanded by members of the Conserva tive as weii as Radical party. Virginia Radicals put great stress upon the fact that Gen. John S. Wilson, a highly re spected citizen, who was a member of Congress before the war, and a consistent Union man during the “late unpleasant ness” has pronounced in favor of the Re publican candidates in the ensuing elec tion. A WARDS TV SOUTHERNERS. Washington, Oct. 1. —Awards by the British American Commission: Corwer Myle of Florida, $21,000; James Cuming of Louisiana, $19,000: heirs of John Purvis, Mississippi. $27,000; John B. Harris, Mississippi, $1,4,000; administra tors of Jas. Syme, Louisiana, $110,000; W. B. Booth, Louisiana, 11,000; Benj. Whitworth, Georgia, $52,000; Back Ja cob, Virginia, $27,000; J. Thentou, Vir ginia, $39,000; John Haskins, Louisiana, $203,000; Thos. Angel, Texas, $45,000; E. McLeod, Virginia, $43,000. DEBT STATEMENT. Washington, Oct. i.—Ti e debt state ment shows a decrease during September of $191,407; coin in the Treasury SBO,- 240.757; currency $3,289,032: certificates $33,935,400. The financial situation here is improv ing, and to-day theie is no indication of any excitement in currency banks and business quarters. THE FINANCIAL SITUATION. Washington, October I.—The financial situation closed yesterday without any new features. The liquidation of the unconstitutional Bank of Chicago had a rather depressing effect, Imt caused uo excitement. Much anxiety exists, all looking to New York for a solution of the difficulty. Gen. Grant has gone to the Fair. SHIF Wit ECU. Only One JDrink of Water in 17 Days. Halifax, dept. 2(>.—The steamer Del ta arrived from Bermuda this morning. Capt. Barrol, of the brigantine Hound, who came as passenger, reports tuat ins vessel was wrecked m a hurricane Aug. 19, in lat. 24 degs. 3d mins north, long. 33 degs. 2 mins. west. The Hound left Halifax Aug. 7th for Porto Rico with a general cargo and lumber, had variable winds until the 19th when a hurricane from the N. N. E , threw her on her beam ends; the masts wjrte then cutaway, and the vessel righted; water logged; sea continued to break over her and swept the decks, the sea continually roiling over them aud at times washing them loose. They became much exhausted by endeav ors to save themselves vtheu the gale moderated. They were in this condition i seventeen days. During that tune they sustained life by eating some pieces of salt pork which they managed to procure : from the cabin, and a shark which they , caught with a bowline; also got one drink of water from the only shower they had. i Their sufferings from thirst were intense aud maddening. The steward, Jno Liv ingstone was washed overboard and drowned. Michael Mahon died from ex posure and suffering. SFANISH HONDURAS. Kingston, Jamaica, Sept. 27. — The British steam sloop Niobe arrived here to-day from Ouioa, Honduras, bringing tho following intelligence: Gen. Eslrabas’ troops, after assassinating apart of Pala cio’s force, which, under a flag of truce, approached the fort, sacked Ouioa, and imprisoned all British subjects, gutting the consulate of America, England, Spain and Portugal, tearing the American flag to pieces, and sacked the merchants ware houses and safes, leaving a perfect wreck. The mob soon after arrived and de manded the surrender of the imprisoned foreigners and explanations for the out rage. The authorities were obstinate and refused to accede to the demand of the commander of the mob, when a bombard ment followed until a flag of truce was hoisted and the prisoners were surrender ed and compensation guaranteed. , A TRAGIC SCENE IN COURT. Sr. Louis, Sept. 23.—A scene of great excitement occurred late this afternoon in the Criminal Court room, which threaten ed, at one time, to be tragical. Joseph H. Fore, who attempted to kill his wife on the street with a hatchet, on the 4th of last June, was on trial. Mrs. Fore had been examined at great length, and as she retired from the witness stand and took a seat between her father and'Jos. Colcord, her husband seized a large cut glass inkstand from the table and hurled it at her with great force. The Marshal of the Court saw Fore’s movement in time to catch his arm, which changed the direction yf the inkstand, and instead of striking Mrs. Fore, it struck Mr. Colcord on the forehead, cutting a gash about two inches long and nearly knocking that gen tleman senseless. Fore was immediately seized by the Marshal and others and af ter a severe struggle, in which nearly all his clothes were torn off, he was taken from the court-room and order restored. LONHON FINANCES. London, Sept. tit).—The demands for discounts at bank and iu the streets are heavy at five per cent £(138,000 drawn from th 6 Bank of England to-day, whereof £124,000 goes to America, balance to Ger many. liE An. Hanover, Sept. 3o- —Business is sus pended iu honor of the funeral of Dr. Dexil Crosby, aged 73, Profeessor of Sur gery in Daruioath College for thirty-five years. CHARLESTON FINANCES. Chableton, Sept. 30.—The Bank of the Union continues payments. Currency deposits exceed disbursements three fourths. Cotton sales to-day for green backs instead of exclusively for sterling, as has been the case since the crisis. ARKANSAS MILITIA. Little Rock, Sept. 30.—The Attorney General yesterday withdrew suit against Gov. Baxter, and the Governor issued his orders disbanding the militia. MV 111 BACH HE AH. Berlin. Sept. 2!).—Louise Muhlbacb, the celbrated German novelist, is dead. SHREVEPORT. Speotal to the New Orleans Picayune. Shreveport, Sept. 26. The following is the list of interinentsiu city cemeteries for the twenty-four hours ending at 6 p. in to-day, as reported by the Howard Asso ciation: Otto Freeman; 33; U. Doherty. 30; R. P. Page, 88; Chris. Cosgrove, —. Ella Hunsecker, 9; Wm. Nesbit. 18; Mrs. E. T. Hall, 38; Rebecca Kondall, 17; Jack Holton, —, J. W. Gayle, 69; Mias Mon cure. —, Miss Adeline,Fary, 30, all whites. Saui’l C. Petters, eoiored, 38. Shreveport, Sept. 27. The epidemic is still increasing. The weather is un favorable —foggy this morning. Among those who have died since my last report are included some of Shreve port's most prominent citizens, such its Major J. S. Ashton, Edward Piersons, Whit McKellar, S. D. Leverett. Gen John Hodges, John C. Elstner and Thomas Farrett. Rev. Father Biler, of the Catholic Church, died last night, and Rev Father Gergand of Monroe, who came here upon Father Pierre’s death, was attacked yesterday. To-day he is doing well and his recovery expected. Shreveport, Sept. 27. —The following is tlie list of interments in the city ceme teries for the twenty-four hours ending at 8 p. m. to-day, as reported by the How ard Association : •Tnles Ormond, age 2(5; Lewis Walz, 42: Fred Corives, 58; J. E. Elstner, s(>: J. S. Taylor, 87; M. Kelly, 47: Whit MoKellar, —; M. Kelly, 53; W. McCall, 20; S. G. Leverett. 42; P. A. Wright, 37; Mattie Work, 32; Cherles Wolff, 22: Miss Hester Rogers, 21; Wiu. Castle. 33; E. T. Pier son. 35; C. Iler, infant; Rev. Father R:ler, —; Major J. S. Ashton, —; all white. Dan Wall, —; King Calle, —; Susan Rose; all colored. White 13, col ored 3. Total 22. - YELLOW fever. Washington, Sept. 30. —A Shreveport special says the juoftt useful citizens are victims. Howard Association has opened an asylum which feeds nearly two-thirds of the population. The fever, beyoud doubt, doctors say, was imported from Cuba. A special, for relief, says 700 are sick. The peculiar character of the disease re quires peculiar and skillful attention and nourishment Hundreds are without means or employment. The destitution is as heart-rending as the disease itself. We feel that the great public heart will respond to this appeal, extorted by most dire necessity. Cur own resources are nearly exhausted. The wealthy are broken down and the poor are threatened wilh starvation. The sick and dying are about to be deprived of the commonest comforts humanity can offer them. We appeal, not to our fellow-countrymen, but to our fellow-man for aid. [Signed] L. E. Simmons, President Howard Association, and all the Doctors. THE FEVER (1 REE PING NORTH HA Hit. Caiko. Sept. 2b.—Considerable uneasi ness is manifested at the prevalence in the city of what has hitherto been denom inated congestion from biliious fever, but which some physicians now pronounce yeliowi fever, modified in northern cli mate. Only six or eight fatal cases have occurred, aud these are confined to those whose business kept them on or near the river. There is more sickuess here than the city has experienced for years, and in a majority of cases, the symptoms are similar aud resemble those of yellow fe ver in a mild form. SOUTH AMERICAN AFFAIRS. Panama, Oct. I.—Business exceedingly dull through Peru. Several firms have suspended payment. Banks refuse dis count aud scarcely any coin is in circula tion. The steamer Geu. Sherman which carried the Palacios Revolution party to Honduras,!-, reported lying off Puerto Ou beilo with her machinery disabled. A vessel has reported to the Governor at San Juan uei Norte that a great many Americans from New Orleans, armed with rifles, were depredating on Rustam A great many of these flilibusters were blacks. AAV COOKE & CO. Philadelphia, October X —ln the United States Circuit Court, before Judge Oadwalader, the order granted upon the petition of Edward Wilson against Jay Oooke & Cos., to show why they should not be adjudicated bankrupts, which was to have been returned to-day, was continued until next week at the request of debtors and by consent of petitioners. TEXAS. Targe Fire in Brenham. New Orleans, Sept. 23. A Timex special from Brenham, Texas, says: A fire broke out last night iu the store of Thos. Dyer, one of the wealthiest mer chants here, and consumed the entire square. It reached the adjoining one which was burned entire and one-half of the next The firms it burned are E. H. Abbot, F. Bush, Wood & Cos., Warner & Bro., Sellhastan & Bros., 0. Marquez, buck & Levy, H. Franks, G. S. Parker & Parker, and several bar-rooms, ten-pin alleys and restaurants. Loss not stated. CUR AN FI LIB US TERS. Kingston, Oct. I.—The Wyoming has gone to Aspmwall, where American inter ests are threatened by the revolutionists. The steamers Virginiu and eighteen men of the crew, from New Pork, are prepar ing for another trip to Cuba. Fine rains. Sugar prospect improved. Haytiau affairs troubled. SPANISH HONDURAS. Kingston, Oct. I.—The British steamer bombarded the port of Otuoa two days, silenced the fort and secured the release of the British prisoners, and exacted thirty thousand pounds. THE CORN AND HOO CROP. [New \ork Shipping List.J The best information that we have had relative to the coming com crop, derived from conversation with visitors to the Pork Packers’ Convention, and from other sources, indicates that in Indiana there will be a fair average crop, as also in Illinois, with a considerable stock of old crop yet on hand, altogether affording an abundant feed supply in prospect for the coming season, should there be no sen ously damaging frosts. In fact,the greater part of the Western corn crop is now in a condition to be either out of such danger or to probably increase the proportion that would be used for feed iu case of injury from frost. West of Mississippi and iu lowa the crop is materially short. The prevailing impression regarding hogs seems to be that there will be some in crease iu numbers over last year, hut that prices at the opening of the season will likely be a little higher than last year. The Question or a Restokation of the French Monarchy.—- tins most exceed ingly deiica'e subject is looming up prom inently in the French republican territoiy. The conservative members of the Nation al Assembly held a meeting in Paris yes terday. It was claimed, during a discus sion of the matter *of the future of the j government, that the royalists would have a majority of twenty in the National As sembly in support of their plan for a crown restoration. The republican legis latorshave become slightly alarmed. They remain firm iu their devotion to principle, however; so that the most exciting de bates will certainly occur when the Par liament meets. The republicans will pro pose, immediately after the reassem biage of the Assembly, the adoption of a declaration against the infringement of popular sovereignty. Should this deeia ration be rejected they will resign their seats. Fiance is rapidly approaching a most eventful crisis in the history of the : nation.— N. Y. Herald , 2t’>th. Professor Donaldson is overhauling the ' Graphic bailoou. He says it is the strongest ever made, and he is determin ed t o make the attempt to cross the ocean in it. In the mean time the Graphic is having a silk balloon constructed. Don aldson’s will start within the next three weeks. NO. 35 PRESIDENT GRANT ON THE SIT UATION. Washington, Sept 2!' 1873.—The fol ; lowing letter was written to-day : Executive Mansion.' Washington. Sept. 28. 1873. i To Afessss 11 B. Class-in and Charles L. Anthony : Gentlemen —ln response to the news von have communicated to me touching tile present stringency in the money mar ket of the country, and the neoessay steps to restore confidence aud legitimate trade and commerce, I have the honor to communicate the following : l'he Government is desirous of doing all in its power to relievo the present tui | settled condition of business affairs, which | is holding back the immense resources of i the country, now awaiting transportation j t° 'he seaboard and a market. Confidence ; on the part of the people is the first thing | needed to relieve this condition aud to j avert the threatened destruction of busi | ness, with its accompanying disasters to | ull classes of the people/ To re establish this feeling, the Government is willing to I 'aka all legal measures in its command. I but it is evident that no Government ef i forts will avail without the active co-op eration of the banks aud moneyed ecrpo | rations of the country. With the four- ; : teen millions of dollars already paid out ! ! hi the purchase of the Government in- i i debtedin ss, and the withdrawal of their ! j large deposits from the treasury, the j banks are now- strong enough to adopt a liberal policy on their part, and by a gen ■ erotis system of discounts to sustain the | business interests of the country. Should i such a course be pursued, the forty-four millions of reserve will he considered as money in the treasury to meet the de mands of the public necessities as the. cir cumstances of the country may require. Close attention will be given to the course pursued by those who have the means at their command of rendering all the aid necessary to restore trade to its proper channels and condition. With a view of strengthening the hands of those who carry out these measures above indicated, orders have already been isssued for the pre-payment of the interest, accruing in November. U. 8. Grant. THE SPECIE PAYMENT PROS PECT. Washington, Sept. 25.—Dr. Liuder mnu, the Director of the Bureau of the Mint, who has made a life study of the finances and is one of the ablest of Gov ernment officials,predicts that the effect of this stock panic will be to hasten the re sumption of specie payments. Ho says he shad not be surprised if within a month silver coin should be a medium of circu lation at currency rates; and if a still greater crash in stocks follows the open ing of the Stock Exchange—a thing he regards us very probable—the full resump tion of specie payments, he tliiuks, can not be long delayed, as everything, even stocks, must come to a gold level. He does not think the panic will be disas- I trous, as tlio recuperative power of this country, with its wealth of grMu, cotton, aud crude bullion, will enable it to re tain its advantage over foreign countries. He says he is getting ready, and has issu ed the requisite orders to all the Mints for largely increasing the coinage, and that more bullion will be coined during the next three months than at any previous time in the same period. No exports ot crude bullion will be, made for several months, owing principally to the unfavor able rates oi exchange. Large ordets have been telegraphed to London from New York for the importation of sover eigns, which, at the present condition of sterling exchange, give a large profit. Arrangements, it is; understood, will be made for paying depositors of sovereigns their value in United States gold at the Assay Office the day after such deposits are made.— N. Y. Tribune. JAY COOKE <fc CO.’S STATEMENT Philadelphia, St.pt. 2tl -A statement of the assets and liabilities .rs the firm Jay Oooke & Cos. of Philadelphia, New York aud Washington, lias been prepared by them, which is to be submitted to their creditors. The following is a summary: Liabilities $7,939,409; assets, bills receiv able, bank insurance, and other stocks, bonds and real estate, $7,807,(540; ioans to the Northern Pacific railroad Company on $3,750,000 stock of the Oregon Steam Navigation Company, $1,500,000; loans to Northern Pacific Railroad Company on bonds of the Company, $4,038,215 28: mortgage railroad bonds, stocks. &o. $2 530.3515; total, .$5,9(5(5,211. The above j • xlnbit of liabilities is exclusive of I $1,704,140 loans of the firm which are I fully secured by gold collaterals. The ex- j cess of collaterals on these loans has been j estimated and included in the assets. The firm expects to submit a proposi- I tion for settlement with its creditors, , which it believes will be acceptable to the latter, although it would of course re quite time for the conversion of the assets. j The handsome showing made leaves no doubt of its ability to pay every dollar of its'indebtedness with interest, and still have a surplus of several million dollars. BANK CERTIFICATIONS. From the comments made upon the eases which the panic has brought to light of brokers’ “overdrafts,” it is evident that the public knows very little of the system under which Wall street houses transact business, and effect daily ■ "clearances” of an enormous volume of stocks. The Press is united in just reprehension of such hanks as have embarrassed them selves by certifying checks for customers, which the latter have failed to make good by adequate deposits; but these banks are not exceptional. They are no more blame worthy than their more fortunate neigh bors, whose customers have been strong enough and honorable enough to prove that the confidence extended to them was not misplaced. It is the w hole system of Wall street “certifications” that is at fault. So re markable is the working of this system that business men are astonished when informed with respect to it for the first time. A brief explanation of its nature would seem to be in order during the present crises. Temporary “overdrafts” are the rule, and not the exception, with most of the banks in the vicinity of the Stock Ex change. No other way has yet been de vised through which a broker’s “clear ances” cau be effected. Most houses with an “average deposit” of from SIO,OOO to $20,000 in bank have to receive and deliver from a hundred thousar and to half a million dollars’ woith of stocks or gold per diem: larger houses, proportionately larger values. Purchases are frequently made in costly lots, requiring checks for sums running from .sr>o,ooo upward, and even as high as ten times that amount. Almost every banker or broker in good credit has an arrangement, definite or implied, w ith his bank, by which he is allowed to largely overdraw his balance— in payment for blocks of stock—with the understanding that before 3 p. m of the same day he shall deposit the certified checks of other people, in amount suffi cient for the redemption of his own checks and the maintenance of a respecta ble "balance. ’ On the latter Uie bank makes its profit. Large houses often open accounts of this sort w ith several banks at once — A. Y. Tribune , 24£/t. The Knoxville Preen and Herald, says: “Our dispatches report that ex-President Johnson is a loser bv the failure of the First National Bank at Washington, to an extent of sixty thousand dollars, which, however, if true, would not leave him penniless. If the rumor proves true, Mr. Johnson will have the universal sympathy of our people in his misfortune, irrespect ive of political friends or enemies. It is hoped the rumor is without foundation in fact.” It is remarkable that no Washing ton paper coming to this office, had made mention of Mr. Johnson’s loss, and the only eontirmation of it that we have met was in the telegraphic correspondence from Washington of the New York Tri bune. Its loss, however, would not be likely to leave the ex-President penniless, as we understand that only a short time since he he'd between s3.'..oooand StO.OOO in Tennessee State bonds ; besides he is the owner of a very valuable real estate in Green county.-— Aaxhville Union. The Louisville Courier Journal does not know anything that will revive the spirits of Jay Cooke unless Proctor Knott will make hint another speech on Duluth and the Northern Pacific. CLEARING HOUSE CERTIFICATES From the Chicago Tribune. ] The New York banks have adopted the plan of settling balances with Clearing House certificates instead of greenbacks during the present flurry. To the gener al public, it may be well to explain what this action signifies. In a time like the present, everything which tends to econ omize the use of currency is, pro tano, a relief to the money market. Nbw York being the monetary centre of the coun try. the place where all other hanks keep greater or less balances, she must respond with currency when the banks of other cities call for their funds. But for all of her own purposes she may use anything which her own banks’ con sidered good. Al! the banks meet once each day at the Clearing-house to ex change cheeks. The Park Bank, for in stance, tnrns into the Clearing-house checks drawn on other banks of $500,000. Ihe other banks perhaps turn checks on the Park Bank lor $150,0(H). Usually this sum would be paid to the Clearing house in greenbacks Iu order, however, to economise the use of greenbacks, the Park Bank, its condition being shown to be perfectly solvent, passes in its own check for $50,000. Other banks against which there is a balance do the same. The Clearing-house then issues its ceititi cates for an equal amount of the batiks which have a balauce coming to them from the day’s clearings. The system is perfectly business-like aud in accord with sound principles of finances, though it necessitates a frequent examination of the assets of the several debtor banks by the Clearing-house Committee. THE GREAT RAFT. Shreveport, Sept. 27. —The Timex , of this morning, contains the following rela tive to Red iiivev Raft: “On Thursday morning the steamer Sterling, Capt. Tennyson, from above, arrived at the head of the Cut-Off, one mile above town. The water of the Cut- Off was too shallow, and the current too strong to safely make the run back, so Capt. Tennyson decided to have his snp p :es hauled to him. instead of going for them with the Sterling. “We learn from Capt. T. that the Aid was about finishing Raft No. 39 when he left, and will make short work of Raft No. 40, as it is a weak affair. Afterward she will attack Raft No. 41, and by the time she gets thiough, Ibe hand force at work ou Raft No. 42, will probably have gotten through their work, aud then what was once the gn at Red River Raft will be no more. “Capt. Tennyson srvs there are at least 150 men at work on the rafts, but that they have had no deaths among them for a long time, ami no serious sickness. There are a few cases of chills and fever, but no swamp fever or yellow fever. Ibis of itself should disabuse the minds of all those who urge that the removal of the raft is the cause of our present epi demic.” A Well to-do County. —The Raleigh He wn says: i’he largest shipment of North Carolina bacon made by one man since the war, was received by Messrs. Will iamson, Upchurch & Thomas, yesterday from Harnett county. Mr. Steward, of Black River township, in that county, was Hie consignor. Harnett raises cotton largely, is one of the largest turpentine counties in the State, has now a surplus of corn to sell, and supplies Raleigh with seuppernong grapes. Tile oldest scup peruong vine in the State is in Harnett county, being a slip of the original vine brought from England to Roanoke Island by Str Walter Raleigh. The corn stalk exhibited at our last State Fair, if we mistake not, came from Harnett, It claims the largest Dorkin chickens in the State, aud as for Shanghais—we have the word of Maj. Coffield for it, that they can be heard to crow five miles. Harnett will have many of her specimens on exhi bition at the next State fair, when she will show and speak for herself. The Florida Republicans Divided.— Accounts from Florida represent the Re publicans there as much divided by very bitter feuds. Ex-Senator Osborne aud his clique are preparing for a raid at the next session of Congress upon Senator Conover, who was chosen to succeed Os borne. They will endeavor to unseat him on the charge of bribery. Conover has strong friends among the Radicals iu the Senate, and will most likely be able to maintain himself against the onslaught. If Osborne fails to get Conover’s place, he. will next be a candidate for Senator in Gilbert’s place. It is stated that the ne groes m Florida are increasing in num bers, and exhibit n>: creasing determina tion to act together and control the poli tics of the State.— Savannah News. A marriage possessing some interesting features took place a few days ago at Mount Airy, a village of North Carolina. Both bride and bridegroom are deaf mutes. The former, Miss Bunker, is the daughter of Eng, one of ihe Siamese twins; the groom was a Mr. Haynes, of Raleigh The twain were married by the deaf-and-dumb alphabet., the words of the minister having been interpreted to them by a teacher in the Deaf and Dumb Asy lum. After the ceremony the couple started on a trip to Raleigh. On their way, while crossing a swollen stream, Mr. Haynes proved himself a sort of Young Lochinvar. The party were nearly drown ed, and. although he never swam before, Mr. Hanes saved his life and that of his bride by swimming with her several rods until the bank of the stream was reached Mr. Fillmore says these were the last words uttered to him by Daniel We lister: “Be fore Mr. Webster died I called to see him, and in the course of a long conversation on our social and political relations Web ster said : ‘There is but one thing that I really regret having done during the course of my political life.’ I asked him what that was, said Mr. Fillmore, and he replied, ‘I regret that I ever voted for a soldier President. There is no use in saying that my friends advised me to do it; I did not believe in it, aud therefore there is nothing I can say in that direc tion to apuiogize for it.’ He referred to General Taylor.” New Cere for Boils.— The Wilmington (N. C.) Journal says: Dr. Simon, a phy sician of Lorraine, gives anew cure for boils, by treating them with camphorated alcohol. As soon as the culminating point of a boil makes its appearance he puts a little of the liquid in a saucer, aud, dip ping the euds of his middle fingers with it, rubs the inflamed surface, especially the central pa t, repeating the operation eight or ten times for about half a minute, lie then allows the surface to dry, placing over it a slight coating of camphorated oiive oil. He says that four such applica tions will, in almost all cases, cause boils to dry up and disappear The application should be made at morning, noon and in the evening. The Providence Press produces this significant extract from Senator Came ron’s speech on the Salary bill at the last session of Congress: “If you are going to raise the pay for members of Congress and the other officials, you must do it when you are going to do it for the Presi dent. He has a high official position and reputation and character to sustain the obloquy, if there is any relating to it, and the others must come in under his shad ow, or else you will not get it.” To the title of “Savior of his party” the distin guished statesman of Pennsylvania must add that of prophet : yet it is doubtful if the “obloquy” he anticipated was so great as that which every salary grabber is painfully aware of to-day. The following is the opinion of a shrewd darkey in regard to the efforts of a Sunday school emissary to establish a Sabbath school iu his neigliborood : “I know there is a bug under the chip, sure as you is born. There is some trick ’bout this thing, or that man wouldn’t come way down here and make that Sunday school for nothin' and gin us books. Jist as sure as you’re a foot high thar’s sum tilin' dead, mind what I tell you. Thar’l be some fellar round here ’sessin’ taxes fur it after a while, jist like they do with the district schools. Is been long thar.” Anew law of Florida permits divorces on proof of “habitual exercise of a vio lent and ungovernable temper,” and the Marianna Courier of the 23th inst. says that there cow' “seems to be a mania in this section of the State for divorces,” that almost a majority of those seeking relief from the yoke matrimonial are those who have lived as husband and wife form any years: and that the success of the applicants “is nearly threatening the foundation of socieny in several commu nities. All of which is a bad report for the State of orange blossoms . The Knoxville Timex of Tnesdavsays: “A gentleman just from Cincinnati in forms ns that the Cincinnati Railroad bonds were negotiated before the crisis began, and that the Trustees will proba bly commence work within sixty days.”