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• ‘BRIDGE ACROSS”—“TIDE IT
OVER.”
These aro terms aptly employed by
those who favor the policy of another in
flation and expansion, to express their
idea of the way of getting over the pres
ent financial trouble. Their “policy”
dues uot contemplate anything like a
manly effort to breast the waves and so
repair the damages done as to prevent a
recurrence of the disaster. % They only
want some temporary make-shift—some
hastily contrived pontoon—that will en
able them to cross over to a location yet
dry, and remain there until a wave rising
still higher forces them to look out for
another refuge. So that they can “tide
over" to-day, (hey are willing to leave to
morrow to take care of itself.
There is now hardly a doubt that the
policy of the Administration, supported
by the Radical party generally, will be a
large increase of the greenback circula
tion and a restoration for tbe time being
of the inflated values that produced the
existing derangement. Borne even speak
ot an increase as great as $150,000,000 —
that is an increase of one-third of the
Treasury note indebtedness of the Gov
ernment, based upon what? Simply upon
a corresponding increase of the Govern
ment's debt, or at best upon a shifting of
that amount of the debt from the funded
to ihe currency account! And done for
what ? Only for the purpose of unduly
swelling the nominal wealth of the gam
blers in slocks and the owners of “wild
cat” railroads and] over-rated securities.
It will of course bo done on the pretence
of facilitating the commerce of the coun
try; but it needsj no argument to show
that the commerce of the country will
speedily accommodate itself^to any just
standard of values, and find means of
moving as soon as those who are holding
back the currency with a view to forcing
inflation are made to see that they cannot
successfully play that “ littlo'gnme.”
It is apparent from his declarations that
(iru. Grant, when the panic commenced,
whs in favor of taking advantage of it to
.return towards specie payments—-that l.e
regarded tho “shrinkage” as a wholesome
■condition, and did not wish to re-expand.
But tho Kudical party is now alarmed at
tho change which the panic has effected
and is likely to effect in the party rela
tions of tho people. They will seek to
■-live their party, though the ultimate ruin
of the people may bo the result. Expan
sion burst their financial system—that
they cannot deny. But they propose to
patch tho rent with more greenbacks and
to expand again to the extent of $100,000,-
000 or $150,000,000 ! Is the result at all
doubtful ? Does its recurrence involve
any other question than that of time?
We warn the peoplo of the South that
this policy of reinflation is another scheme
lu aggrandize nnd enrich tho North at
their expense. Tho “shrinkage” of values
I hat has been effected cannot permanently
affect any interest or property of ours,
because we were not affected by the infla
tion. If our cotton is not bringing its
full value, that is only because wo have
uot the facilities for availing ourselves of
the best market— not that it is not intrin
sically worth fully as much as it will be
with any increase of the currency that
may be resorted to, or any expansion of
values that may be effected. Will the in
crease of our greenback circulation add
to the value of cotton in Liver
pool? or will the addition of hundreds of
unillious to our irredeemable currency
cause tbe New York market to advance
half a cent beyond what Liverpool quota
tions will justify? No—we see a great
cotton market —the greatest in the world
-maintaining its price for oufstaple, un
affected by the financial troubles iu this
country, aud we know that, if we only had
the means of reaching that market, not
even a ripple of the panic would disturb
us. lint reinflation will lure us into a
continuance of our commercial depend
ence upon the North —into a deeper en
tanglement in the financial complications
of the North—and when the next crash
comes we will be iu as bad or a worse
condition than at present.
bet them “bridge across” —let them
'tide it over” by the frail and temporary
■ contrivances to which we have alluded.
Our true and only safe policy is to seek a
uibstantial foundation for our industry
and commerce, aud to establish our inter
ests upon a basis beyond the roach of
gambling speculations and a system of
finance based in the first place only upon
* hat the Government owes, and propped
up in emergencies only by an iucrease of
its indebtedness.
MISSISSIPPI.
The dispatch announcing a Conserva
tive triumph iu Mississippi, published by
os last weak, appears to have been errone
ous. Returns by mail clearly indicate
•that Ames has been elected Governor by
a large majority, aud that the Radicals
have both b''iUi ; 'J)oS of the Legislature.
There is a muddle iu reference to this ;
election, the merits of which we have not |
investigated, and upon which we can at ,
present express no opinion. Acting Gov* :
ernor Powers aud the Attorney General I
of the Stale, (hoth Republicans) took the
ground that this was not the year for the
general election, and we believe that Gov.
Powers made public proclamation to that
effect. He also called a session of the
Legislature to consider the question ; and
the House of Representatives passed a
hill or resolution to bring on the election
next year instead of this ; but this bill
was defeated by a dose vote iu the’ Sen
ate. It thus appeal’s that the Governor,
the Attorney Geueral, and the House of
Representatives take one side of the qnes
tion, and the Senate takes the other side.
In this emergency, the Jackson Clarion
coutends, the Supreme Court of the State
must be the arbiter. It says that one of
the Supreme Judges has already com
mitted himself, by publicly proclaiming
the validity of an election this year, aud
it contends that he ought not, therefore,
to sit when a case involving this question
is carried up. The other two Judges, it
says, have not committed themselves, and
can therefore decide without prejudice.
It is evident that the election of this year
will he contested, and we may hope that
't will only be by an appeal to the State
■ Courts.
I'he Boston aud Lowell Railroad began,
last Thursday, weighing at Farmingham
the ears from the West loaded with grain
' and lumber destined for Lowell and laun
l°n, and found au excess of 15.000 pounds
m one car over ths weight, billed, of 20,-
tkKI pounds, a full car load,which makes a
- difference of $77 iu freight.
he above was a Fairbanks 50 ton 34
feet Track Scale, sold to Boston and Alba-
R R. Co.— Boston paper.
VOL. XV.
nu: direct trade movement.
We noticed with satisfaction, about, a
fortnight since, a proposition by some of
the Grangers of Campbell county to char
ter a ship to take two thousand bales of
cotton direct from Port Royal to Liver
pool. The enterprise was one promising
good results, not only to those immedi
ately interested, but to planters generally
who might be induced by its success to
follow' the example. We have, therefore,
looked with interest for some report of
the progress of this movement, and not
having seen any, we were beginning to
fear that it had been abandoned. But the
Atlanta Herald of Wednesday revives our
hopes. It says, in answer to an inquiry
by the Constitution: “A committee is
now obtaining information from all the
different Granges in Georgia as to the
amount of cotton each Grange can furn
ish. While the projectors of this move
ment did not expect such immediate re
sults as would at once revolutionize the
cotton trade of the world, they determined
to commence an agitation of the subject,
which should never cease until the South
is emancipated from the yearly tribute of
seventy or eighty millions, which is now
thrown away in shipping cotton to Liver
pool by way of New York.”
This indicates a purpose to try the ex
periment on a larger scale than that first
announced, and of course if it is successful
the advantages will be greater and more
apparent.
As to the success of the enterprise, the
prospects are still encouraging, though
there has been a slight decline in cotton
in Liverpool, and the late course of the
Bank of England indicates the probabili
ty of a tightening money market there.
The latest telegraphic quotations show
that the New York market is now fully
tw’G cents below the rates that the Liver
pool market would justify, and our South
ern markets, on account, of the scarcity of
currency, are not so near the New *York
quotations as they generally are. A sav
ing of ten dollars per bale would be an
important item for the South, on a crop
of three millions of bales
We hope that the Grangers will hurry
up their movement, ft hail better have
been commenced six weeks ago, as many
thousands of dollars are probably lost by
every month of uncertainty and delay.
“THE EXD OE THE II 0 R1.1t.”
Eider T. M. Harris has been preach
ing a series of sermons in Atlanta, on the
subject of the early “coming of Christ.”
He had large audiences that appeared to
be interested. He maintained that the
second coming of Christ, would be before
the millenium, and before the expiration
of two thousand years oMhe Christian
era. To make his theory more immedi
ately applicable to the present generation
of men, he contended that the Christian
era was one hundred years older than the
commonly received chronology makes it—
Pope Gregory having made an error of
ono hundred j T ears in arranging the ta
bles ! His belief therefore is that “the
end” will come before the expiration of
the mil century. His reasoning appears
to be inferential rather than demonstra
tive, as for instance, that no dispensation
had lasted longerthau two thousand years,
and therefore this would not; that as
God rested on the seventh day, the saints
would rest in the seventh thousand year,
Ac.,
Elder Harris belongs to w hat is called
the “Christian Church.” We do not pre
tend to be posted in reference to the “end
of the world,” and must therefore leave
our readers to judge for themselves what
importance to attach to the Elder’s views.
But we are prepared to ease the con
sciences of any delinquents, who maybe
terrified at the idea of encountering the
great day of reckoning with printer’sbills
unpaid, by giving them receipts in full,
and thus doing what wo can to “tide
them over.”
FRAUDS IN NE II YORK.
Notwithstanding the splendid victory of
the regular or Tammany Democracy in
New York City, they charge their oppo
nents with great frauds on the day of the
election, and are pushing the investiga
tion in a manner showing their earnest
ness and resolution to expose any wrong
that has been committed. Their tirst act
was to expel from the Executive Commit
tee Police Commissioner Charlick, who
though professsing to be a Democrat, is
charged with complicity with the Repub
cans in the perpetuation of the frauds.
Several witnesses havo already sworn pos
itively to their knowledge of frauds in the
alterations of returns. United States
Commissioner Davenport is implicated in
the frauds charged. It looks as if a pret
ty expose of rascality would be made.
Thk Fall in Goi.T). Gold still conliu- !
ues its downward course, as if we were to ;
bo brought to specie payments without
the consent of the National Administra- [
tion, and almost without the knowledge
of the Secretary of the Treasury. The
Secretary, in fact, is not to be supposed
much wiser now than when he undertook
to supptv the place of $10,000,000 frac
tional currency with a handful of now
silver half-dollars and smaller coins. The
shipments hither of gold from Europe
still continue, while the Bank of England
is vainly endeavoring to stop the tide by j
advancing the rate of interest. The Eng
lish people i/iu.it have our grain, and,
since in the preseut state of our finances
they find difficulty in collecting from the
importing merchants, they have only gold
with which to buy it, so that these ship-,
meuts must continue for some time.
While they do continue, what body of
men in our country so bold as to under
take a " bull ” speculation in g >ld ? Yes
terday the premium was as low as per
cent." Who would be harmed if it should
fall to par in a week t Merchants would
possibly loose a trifle on hand; but their
next purchases would be made with cur
rency, on which there would l>e no dis
count, and the net loss to them would be
hardly calculable. Only speculators for
a rise would be seriously hurt; and who
carts how badly they are hurt t iVeie
York Tribune , 7 th.
A Good Showing foh the Planters. —
We heard something yesterday that re
flects great credit npou the planters of
this sectioft, and which we think deserves
public mention. At one of the banks of
this city their drafts to the amount of
SOO,OOO matured on the 4th instant, all
of which, except $2,000, was promptly
met. Ou the tith instant arrangements
for the satisfactory settleu/ent of that bal
ance were made, slid the aeconnt fully
squared. This report is from only one
bank. We understand ail equally good
one comes from all the others. We con
gratulate the planters and the country
upon it. In these pinching times such a
record is certainly a proud one. i here is
immense vitality in the land yet—we may
rest assured of that — Mac*Hi 'telegraph.
The New York Herald publishes a spe
cial dispatch from Matamoras, 4 th, which
states, on the authority of accounts from
the city of Mexico to the 31st nit., that
“the revolutionary forces in Sonora have
been annihilated by the Government
troops, and the same result will ensue to
those who are implicated in the outbreak
in Coahuila. The Insurgents in Alguest
an have submitted to the authority of the
; Government.”
Ex-President Fillmore and four survi
ving members of his old Cabinet —Conrad,
of Louisiana, Secretary of War; Hall, of
of New York, Postmaster General: Gra
ham, of North Carolina. Stewart, of Vir
ginia, Secretary of the Interior—are ex
pected to visit Washington this winter for
a friendly reunion.
THE WEEKLY SUN.
c HU,DR EX I.OVE YO VR MOTHER S
It is related of the celebrated Seargeant
N. Prentiss,of Mississippi, who, at twenty
six years of age had achieved a national
reputation, that, from the time he left
his homo in Maine, to the year of his
death, he never failed to write to his
mother on the first of January of each
year, and his letters are most elegant
specimens of filial affection. A thousand
miles away from her, or nearer, at Wash
ington, amid the plaudits of the multi
tude who looked upon him almost as a
modem Rienzi, his thoughts turned to
his mother. At the height of his fame,an
old lady sought an introduction to him,
and said, ‘ 'how proud should be the mother
who has such a son.” He instantly replied,
“how proud should be that son who has
such a mother as I have.” Nor was he
less kind to his sisters and brothers. He
was devoted in his attentions to them,
an I his letters to his sisters are models of
elegance. He educated his youngest
brother for the ministry, in Europe. The
following is a specimen, in part, of his
letters to his mother. This was written
in his thirty-ninth year, and whan he was
at the zenith of his fame. He died at
the age of forty-two :
New Orleans, Jan. Ist, 1848.
My Jear, beloved Mother: Again it be
comes my pleasant duty to wish you a
happy New Year, which I do most truly
and affectionately. I trust it will pass
with yon happily and brightly, and free
from the clouds and troubles of the past
year.
Notwithstanding the irreparable loss
we have experienced in the death of our
dear, beloved Abby, (his sister) still we
have much to be thankful for, and I hope
many happy days are in store for you.
God grant that you may live to see your
grandchildren, and great grandchildren
grow up around you and call you blessed,
even as your own children love to do.
Dear Abby is now a saint in heaven, and
the memory of her virtues and goodness
assuages our grief at her departure. 1
wish we could see you to-day; how grate
ful it would be to our feelings to tender
our congratulations in person, to kiss
you with filial affection, and to
present our dear little ones for
your blessing. But we are with you in
feeling, if wo cannot be in person. Mary
(his wife) has already written you, and
the children would write too if they knew
how. I would give a great deal if you
could see them, they are so healthy, so in
telligent, and so pretty: and then they
love their grandma Prentiss ns much as
if they had known her ever since they’
were born. They talk about you every
day; at least Jennie and Geordie do; lit
tle Seargy, of course, cannot talk yet,
though he tries very hard, and makes a
kind of gibberish, which, may be very
good sense if one could understand it.
Tell Anna (a sister) I w’ish her and her
sweet children nnd good husband, a hap
py new year; and I hope before it is
through to see you all. God bless you,
my dear mother, and protect you always.
Your affectionate son,
Seargeant.
REDUCTION IN PRICES.
The Herald of Tuesday says there has
been a reduction in clolhing in the New
York market of from five to fifteen per
cent. In dry goods it reports the follow
ing reductions at Stewart’s:
September li. Yesterday.
Corset jeans 12Ve. Kile.
Amoskeag satteen... 15c. 13Jo.
Cambrics 7 jc. 7 Jc.
Rolled cambrics B@Bie. 3 c.
In bleached muslins the reduction was
very considerable, from 7 j to 10 per cent.,
in white sheetings 10 per cent., brown
muslins 74 per cent., damask 10 per
cent., and in all foreign goods an average
reduction of 10 per cent.
DRESS GOODS.
In dress goods the reduction has also
been very great; in fancy goods it
amounted to 20 per cent., and iu plain
goods to about 10 per cent. The trade in
dress goods is very quiet, and buyers have
a fair retail trade.
SHAWLS.
In shawls of all kinds, from the most
expensive down to the very cheapest, and
cloaks aud costumes, the reduction has
been 10 per cent.
In groceries;, sugar has fallen from one
to two cents a pound, teas from five to
ten cents, rice one cent, sardines $1 per
dozen, extracts of meat 25 per cent. The
only articles that are exempt from the
stampede are coffee, champagne and
flour.
United States District Court ln
Bankruptcy. —The petitions have been
filed in this court since our last report to
wit:
Thomas J. Ilamby, of Hamilton, Harris
county. M. J. Crawford, of Columbus,
Solicitor.
Olion H. Hancock, of the same place,
same Solicitor.
James N. House, of Fort Games, Clay
county. Casper W. Jones, of Cuthbert,
Solicitor.
Sterling B. House, of Florence, Stew
art county. Casper W, Jones, of Cuth
bert, Solicitor.
Henry J. Fillingiu, of Cuthbert, Ran
dolph county. B. S. Won-ill, Solicitor.
Andrew J. Chambless, of Lumpkin,
; Stewart county. Harrell & Harrell and
■ R. F. Watts, Solicitors.
C. C. Andrews, of Lumpkin, Stewart
| county. R. F. Watts, Solicitor.
Petitions of final discharge have been
i filed iu the cases of Stephen D. Lester,
of Americus, Sumter county; Allen Fort,
solicitor. John H, Mead, of Savannah,
solicitor per se., and James T. Flowellen,
of Cuthbert, Randolph county; Herbert
Fielder, solicitor. —Savannah -\ ew*.
Packing Operations. None of our
packiug firms have yet fully commenced
operations for the season. Packing is de
layed because hogs are held so much
above the views of packers that their pur
chase would be suicidal. The only rea
son provisions moved actively last spring
was for the reason that there was a good
export demand, and the low prices at
which hd&s had been purchased made ex
portation possible. To load up with pro
visions at a price which will uot admit of
exportation would involve general bank
ruptcy to the packing interest, and, there
fore, great caution in purchasing hogs
will be observed this year. There ss a
large amount of the stock of provisions
made last season still on hand, and when
the probabilities of a largely reduced con
sumption are taken into account it will be
seen that much less new meat will suffice
to supply the wants of the world the com
ing year than was made last year. Prices
of hogs must either go lower or those who
handle them will lose money, and they
may descend so low this season as to in
duce the grangers to set up packing es
tablishments of their own. — St. Louis
Democrat, G<A.
The Cincinnati Enquirer says: Two
of Grant’s Cabinet officers were candidates
for United States Senator, viz : Postmas
ter-General Cresswell of Maryland, and
Secretary of tbe Interior Delano of Ohio.
Both apparently had a pretty sure thing
of it, for although Maryland gave Mr.
Greelev a thousand majority, almost every
county outside of Baltimore was Republi
can. We have seen how Ohio laid out
Mr. Delano. The defeat of Cresswell in
Maryland is perfectly overwhelming. Out
j of one hundred and five members that
compose the Legislature on joint ballot,
! there are only thirteen Republicans. The
Administration was on trial in both States,
and this is the manner in which it was
! condemned.
Many white planters we have conversed
with lately seem thoroughly worn out with
the present style and system es farming.
Thev are disappointed in every way; and
if they keep iu their present frame of
mind, more acres will be planted in grain
this fall and next spring than for many
years past. But they will not keep in
their present frame of mind. On the
t contrary, they will forget the crisis, and
' the unreliability of the negro, and the
difficulty of getting the crop picked, and
put in more cotton next spring than ever
before. This frantic cotton planting re
ally seems like a fatal blindness. Energy
anil hope in seed time, and depression and
disappointment in harvest! Edgefield
■ Advertiser.
COLUMBUS, GEORGIA, TUESDAY", NO VEMBER 18,1573.
THE SPRAGUES.
Their Mills, Steamships, Street Rail
ways, Lands, Locomotives and Other
Property.
From the New York Tribune. 1
The vast interests involved in the em
barrassments of A. & TV. Sprague and
Hoyt, Sprague A Cos. appear from the list
of their mills, works and manifold enter
| prises. Good judges say, however, that
their suspension would uot cause the sus
pension of a single bank in the State.
Only three national banks—the Globe,
First National and Second National—and
two savings banks held largely of their
paper. Many merchants might go under
and distressful times would certainly’ en
! sue in Rhode Island from the complete
! failure of A. A W. Sprague. They run
near 280,000 spindles and 28 printing ma
chines in mills and print-works, and em
ploy over 10,000 operatives. Their great
pflnt-works at Cranston employ 1200 per
j sons, and can turn out 40,000 pieces a
week. At Natick, Rhode Island, they
; run 7D,000 spindles, and have six hundred
hands; at Arctic, R. 1., they run 22,000
spindles, and have 500 hands; at Quid
nick, R. 1., they have 32,000 spindles and
s 500 hands; at Baltic, Conn., 83,000 spin
dles and 100 hands; at Central Falls,
, K. 1., 32,000 spindles, and near 500 hands;
at Augusta, Maine, 34,000 spindles, and
700 hands. These cotton mills supply
j their print-works, with most of the print
cloths used by them, making about 35,-
j 000 pieces a week, when running on full
time. All are now on half time. Besides
I their mills and print-works they run other
j great enterprises, both within and with-
I out the State. In Maine they have vast
| timber mills, saw mills, and like property,
! in which are employed great numbers of
j men during the lumbering season. In
i New Hampshire there is more similar
property’ of theirs. At Columbia, South
j Carolina, they owu valuable water-power,
| and have a great stock forward. They
i also owu much land in Kansas and in
, Texas. In this city and Cranston their
real estate, improved and unimproved, is
; great in extent and value. They control
in this city the Union Railroad, owning
all street railways, employing three hun
| died men. five hundred horses, and one
hundred cars, with a capital stock of
I SOOO,OOO, and valuation of property
about SBOO,OOO. William Sprague is
| President of the Providence and New
■ York Steamship Company, which has
eight steamers, employs five hundred
! hands, and owns property valued at sl,-
000,000. This company, it is claimed, will
not be embarrassed because of the
Sprague's embarrassments. Though they
• are the largest stockholders, they own a
, minority of the stock. A. A. W. Sprague
i control, in Providence the Pei kins Sheet
iron Company and the Rhode Island
Horse-shoe Company, having 300 hands
when full, now running with one-half
their usual force on half time; the Phoenix
| Iron Foundery, Elm street machine shop,
' Sprague Mowing Machine Company,
! Comstock Stove Foundery and the Ameri
can Horse Nail Company. They also own
, one third of the stock of the well known
! Rhode Island Locomotive Works, which
employ over one thousand men, and of
j the Nicholson Fire Company. Their mill
! property, at a low valuation, is estimated
; at $4,300,000, and their pay roll at times
has approached $25,000 a day. Besides
all this property of A. A W. Sprague,
; Hoyt, Sprague A Cos. own most of the
! stock of the Atlantic Delaine Company,
! whose mills in Olneyville employ over
! 2,000 hands. On this property is an in
; debtedness near $4,000,000.
SUGGESTIONS FOR FINANCIAL
1. EG IS LA TIOX.
The Washington correspondent of the
Now York Times writes, Nov. 5: “The
Secretary of the Treasury and the Con
troller of the Treasury are daily iu receipt
of numerous suggestions concerning tinan
eial legislation, which it is deemed expe
dient by the senders should be embodied
in the recommendation of the forthcom
ing report. Both the Secretary of the
Treasury and the Controller of the Cur
rency, however, decline, even to Repre
sentatives and Senators, to give any indi
cation as to their probable recommenda
tions. The following are among the sug
gestions which have been made with
reference to future financial legisla
tion : That the National Banking act be
so amended that depositors may have
better security; that National banks be
prohibited, under severe penalties, from
paying interest upon deposits; that better
safeguards be provided against the im
pairment of the reserves; that some legis
lation be secured which shall effectually
prevent the use of greenbacks as a mer
chantable commodity; that the relations
of the National bank system to the Na
tional Bankrupt act be more specifically
defined, and that some explanatory law be
passed, stating whether or not, and if so,
under what conditions, National banks
may be put in bankruptcy like ordinary
debtors; that additional legislation be pro
vided which shall secure a more rigid and
responsible examination of National banks;
that a convertible bond be issued, bear
ing a low rate of interest, which shall at
any time be interchangeable for money at
any Treasury of the United States.
THE CONGO PLUNDERERS AND
REPUDIATORS NON PI USSED.
The decision of the Supreme Court of
the United States making the bills of the
Bank of South Carolina receivable for
State taxes, has fallen like a bomb-shell
among the Congo legislators. A corres
pondent of the Charleston Hews says the
greatest confusion and consternation is
manifested by the leading members of
that body. On Tuesday all other business
was neglected in the House of Represen
tatives, which went into committee of
the whole on the decision of the Supreme
Court. Great excitement and confusion
prevailed, several leading Congos made
speeches on the subject, in which they
predicted the utter ruin of the State and
disruption of the Republican party, unless
something can be done to contravene the
decision. They say there are probably
two or three millions of the bills out, and
that the Government cannot possibly be
run if they are made receivable for taxes.
Some even advise the turning over of the
State to Gen. Grant and to give it up al
together.
In the midst of their schemes of repu
diation and plunder this decision, recog
nizing the bills of the State Bank—the
plates of which are still in existence, and
which, as the honest Congo alleges, may
be produced to an indefinite amount—is a
terrible set back to the Congo financiers
of South Carolina. They are ready for
any amount of repudiation or for the issue
of any amount of new bonds, the sale of
which would give them a chance for a
grab; but they have no notion of recog
nizing the old issues of the State Bank,
the receipt of which for taxes will defeat
all their plans for robbing the tax-payors.
The decision of the Supreme Court will be
a blessing to the white people of South
Carolina if its effects shall be to starve out
their Congo plunderers.— Sav. Dews.
The Fayetteville Observer publishes
this politico-religious item:
“The sincerity of the Northern ‘loyal’
Methodist Church, recently in session iu
Conference in Tuliahoma, was, we are
told, put to the test, and ‘found wanting.’
A preacher who happened to have a negro
wife applied for membership in the Con
ference, and of the large number of dele
gates in attendance, only three favored
the application. Bringing the matter
home is an efficient way of showing the
hollowness of Radical professions, wheth
er coming from preachers or laymen. ’
Jimmy was his name. He was a New
York rough, but now his bones are bleach
ing upon the arid plains of Southern Col
orado. Jimmie saw a road to fortune.
He was cook for a party of six buffalo
hunters at Two Buttes, in Bent county.
The hunters had valuable outfits, and
Jimmy put arsenic in their coffee. The
hunters held a trial, and there being no
chemical experts to testify, they wasted
some powder and lead on Jimmie, and
left him to the wolves.
CF.Si r.SSIA L TFA FARTI
- Nov. 11. —The Women’s
Centennial Ward Committees have com
pleted treasury arrangements for the pro
jected tea party at the Academy on the
17th of December, anniversary of the
Boston tea party. The different States
will be represented by tables. The ladies
attending upon the tables are required to
dress in the Martha Washington style,
with cap, kerchief, ic.
-YE IT YORK ITEMS.
New York, Nov. 10.—A failure in the
• tea trade is announced.
Thirty-five thousand tons of iron, con
| signed to the Northern Pacific Railroad,
has been attached.
Four hundred laborers have been dis
charged from the Department of Public
Works, and two hundred more will be
discharged Saturday. Appropriations set
aside for them are exhausted.
Greenleaf, Morris .1 Cos., have notified
the Stock Exchange that they are ready
to pay in full.
New Yoke, Nov. 11.—Henry D. Lar
mes, Cashier of the Security Bank, disap
peared; $20,000 short.
A change of President of the Panama
Railroad is proposed.
Battersoll A Cos., tea merchants, have
failed. Their business was a million
yearly.
The Aldermen of Brooklyn have placed
SIO,OOO to the credit of street repairers,
enabling them to re-employ the recently
discharged laborers.
The tailors compromised on five per
cent. reduction.
New York, Nov. 11. —The suit of Gaza
way B. Lamar of Savannah, Georgia,
against Dana, for alleged false impris
onment while the latter was Assistant
Secretary of War, was argued in the Uni
ted States Circuit Court to-day. Dana’s
reply is that the arrest was made in
good faith, under orders of President
Lincoln.
Capt. Hall’s widow visited the Tigress
to-day to obtain, if possible, any relics of
the Arctic voyage. Mrs. Hall was greatly
affected when shown the prayer book of
her husband.
In response to appeals from the labor
ers of Brooklyn for help, the Board of
City Works to-day set 450 men to work on
public improvements.
The total amount contributed for the
relief of the Memphis sufferers ou elec
tion day was $7,830.
The Evening Post says, editorially:
“The feeling of our citizens was raised to
fever heat by the execution of the four
Cuban leaders. It will now rise to boil
ing pitch. Cuba and her friends will
hereafter need neither money nor men.
Have these butchers no fear of the indig
nation of a civilized world ? The report
makes our blood cold.”
The 58th anniversary meeting of the
General Missionary Committee of the M.
E. Church was held this morning. Pres
ent, Bishop James, presiding; Simpson,
Scott, Bowman, Ames, Merrill, Wiley,
Haven, Andrews and Peck. There was
also a full attendance from the mission
districts.
The Treasurer’s report for the past year
shows receipts during that period $707,-
233; expenditures $725,1Gt).
The question of appropriation of funds
for a mission station in Central Africa was
taken up for discussion.
HALF OE SOCIAL CIRCLE ISVRXED
Special to the Atlanta Hera’il.
Social Circle, Ga., Nov. 10, 1873.
After three o’clock this morning a fire was
discovered in the new brick building oc
cupied by \V. If. Stauton and Y. H. Craw
ley, merchants. Tho fire originated in
the store of Mr. Stanton, entirely con
suming the goods in both stores.
Stanton was insured to tho amount of
$7,000.
Mr. Crawley was insured to amount of
$5,000, his loss above insurance being
about $3,000.
The safes of the stores were removed
after the fire was over, with the contents
undamaged
Messrs. Marcus & Brown were also
burned out.
Garrett A Bro., moved all their goods
from the store to prevent thorn from be
ing burned, with considerable loss from
stealage and breakage.
Neither of the bar rooms were injured
at all.
The brick building occupied by Stanton
& Crawley was not insured. The owner
of it is not known to the writer.
Only the front part of Garrett & Bro.’s
building was burned.
About half of the town was consumed.
—
FATAL EXPLOSION.
New York, Nov. 12.—1 t is said that the
engine which exploded on 4111 avenue
yesterday had been tended by a boy,
the engineer being absent. Miss Bass
ford, who was killed, was a young woman
of great beauty and intelligence, She
was on her way home and being attracted
by the shout of the workingmen, stopped
for a second and was struck by a flying
piece of the boiler. The little girl killed
was an Italian street musician. Her harp
was found lying by the side of her body.
The work of death was apparently mainly
: executed by a piece of iron weighing
fully two hundred pounds, which w’as
thrown off from the boiler at the height
;of about five feet and sped through
the air at about that level above ground.
Its force was spent at the corner of 128th
street, where it fell, striking on the head
and killing the young woman above men
tined. The families of the deceased men,
w ho were nearly all married aud had chil
dren, visited the station house during the
morning, and with tears and anguish
identified the dead.
| YELLOW FEVER IN TEXAS.
! Special dispatches to the Galveston News.
Columbus, Nov. 5. —There were seven
| new cases to-day; one death and one dy
ing. There are fifty-five cases under
treatment, with five or six dangerous.
The weather is better. There is not over
three hundred people here. Will return
to-morrow.
\ Calvert, Nov. 5. —Not more than six
down with the fever now. Two deaths
yesterday, one last night and one to-day
j —a young lady, her name unknown to me.
| The sickness is about over here. We look
| for cold weather in the morning.
Bryan, Nov. 5, —The quarantine re
strictions below here, at Navasota and
Hempstead, have been raised, and trains
i will stop as usual.
1 The yellow fever has entirely disappear
ed and everything is assuming a business
like style. Cotton will now r come in.
The weather is still cold and cloudy,
with north wind.
MEXICAN RAID IN TEXAS.
The Insufficiency of U. S. Troops.
Corpus Christi, Nov. 10.—A bold rob
bery was committed on the Gth, in this
county, at Concepcion, by a gang of
about eight armed Mexicans, who entered
the store of Mr. Sehuhart about six
! o’clock iu the evening, carrying away a
large umount of money and arms. No
steps were taken to arrest the flight of
the band, who, it is supposed, tied to
Mexico. The boldness of the robbers
show the inefficiency or lack of police
men or troops. Several of the band were
recognized, among whom were Leonardo
Flores, Manuel Gonzales and Abram Gar
cia, three noted desperadoes. It is hoped
! that proper protection will be granted.
EX-PRESIDENT JOHNSON’S RE
PLY TO HOLT.
Washington, Nov. 12. —Andrew John
son publishes four and a half columns in
the Chronicle, in answ’er to Judge Holt’s
allegations that Mr. Johnson disregarded
the recommendations of a majority of the
court for commutation in Mrs. Surratt’s
case. Mr. Johnson never saw the recom
mendation ; on the contrary, Judge Holt
argued that the question ought not to be
considered, and urged an early execu
tion. Mr. J.’s card is regarded as mas
terly. Mr. J. complains that Holt with
held the allegations intended to damage
him until the witnesses were dead.
THE PANIC AT LOUISVILLE.
Louisville, Nov. 10.—The wages of
the Louisville and Nashville road will be
reduced 10 per cent, after the ICtb. The
closing of various industries around the
falls has ousted four thousand. Plug to
bacco factories are reducing force and
wages. Several of the heaviest factories
are abont closing temporarily.
MONETARY.
New Yolk. Nov. 12.—The associated
banks gained $1,200,000 since yesterday,
and now have $26,200,000 on hand.
The Russia, sailing for Europe to-day.
takes out $487,846 in silver bars.
I R EXCH POE I TICS.
Paris, Nov. B.—The three Bureaus of
the Assembly which deferred uaming
their members of the Committee on Pro
longation of President McMahon's powers
until to-day, reassembled nnd elected
Count DeDemnsat, M. Leon Say, and M.
Laßauloyle as the candidates of the Left.
This gives tbe Republicans a majority of
one in the Committee. This result has
given rise to the most intense excitement.
It is said that the Right, which on the
opening of the Assembly on Wednesday
last submitted a motion for the prolonga
tion of McMahon’s powers for tea years,
has offered a compromise to make the
term five years.
FRENCH AFFAIRS.
Paris, Nov. 10. —A committee repre
senting the French residents of San Fran
cisco called upon Thiers yesterday, and
| presented an address. The President, in
I his remarks in reply, told his visitors that
the monarchists had suffered a check, aud
that a conservative republic was assured.
CABIIST VICTORY DENIED.
Madrid, Nov. 10. —The report that the
Carlists were victorious iu an engagement
near Miranda de Argo, and that Lienten
; ant General Primo de Rivera was killed,
!is officially denied this morning. General
i Primo de Rivera was not hurt, nor was
General Moriones captured by the Insur
gents. The Government has received
dispatches from both these officers dated
; the Oth.
G EE MAX CA DINE T.
Berlin, Nov. 10. —Koval decrees have
bean promulgated relieving Von lloan of
the Presidency of the Prussian Ministry
aud appointing Prince Bismarck in his
place, and Herr Comphauser Vice Presi
dent.
HEAVY ENGLISH FAILURES.
London, Nov. 10 —It is reported that
Win. Alfred A Father, Barrs A 00., goner
ial metal merchants, have failed. Liabili
ties, $4,000,000.
DEAD.
Paris, Nov. 12—Abd el Kader, the fa
mous Arati chief,, is dead.
DEPREDATIONS OE THE INDIANS
ON THE TEXAS FRONTIER.
Galveston, Nov. B. ’i he following is
a special to the Hews:
Waco, Nov. 7. —Capt. J. E. Elgin, who
has just returned from an extensive trip
| on the frontier, reports the Indians as
! bad, if not worse, than they have been
| since the war. All the Indians are off the
reservation except Santanta.
j They are headed by Big Tree and liavo
: stolen nearly all the horses on Little Wi
chita and West Fork. Seventy-five or 100
jof the band crossed the Little Wichi
ta last week, and a party of thirteen
stole two horses out of a stable in Jackson,
on Saturday night. It is reported that a
snrveyiug party camped outside of Jack
son were fired on by them.
Tin: NORTHERN WORKINGMEN.
Philadelphia, Nov. 11.—A committee
appointed by a mass meeting of the work
ingmen, had an interview with Mayor
Stakely to-day for the purpose of ascer
taining what could be done to provide em
ployment for 1,000 thrown out of work.
He expressed gratification at being con
sulted, and recommended that a petition
should be addressed to Council, when a
committee would be appointed to take
actiou. Much outdoor work could be
provided, but he said there was necessity
for supplying work to those accustomed to
indoor work.
AFFRAY IN RICHMOND.
Richmond, Nov. 11.—Judge J. C Un
derwood, of tho United States District
Court, was assaulted here to-day, by W.
N. McNeigh, former owner of the proper
ty in Alexandria, purchased under the
confiscation; act by Underwood. A few
blows was administered by McNeigh. ;
No resistance'w hatever on the part of Un
derwood. McNeigh called the Judge a
“hypocritical scoundrel,” and charged
him with robbing him and making his 1
family paupers.
EIRE IN GAINESVILLE , FLORIDA.
Spactal to the Savannah News],
Gainesville, Fla., Nov. G. —The gin- j
ning establishment iu this place, belong
ing to E. Pearce, situated within two hun
died feet of the railroad depot, was de
stroyed by’ fire at threp o’clock this after
noon.
The loss, including building, machine
ry aud about twenty’ bales of cotton, is
estimated at about eight, thousand dol
lars.
SOUNDINGS IN THE NORTH PA
CIFIC.
San Francisco, Nov. 7. —The United
States steamer Tuscarorahas arrived from
her cruise, sounding for the cable line to
the Orient. She eiuised 1,100 miles to
ward the Aleution Islands, and 100 miles
west of Cape Mendocino, and found a
submarine mountain 4,000 feethigh. The
deepest sounding was 2,113 fathoms, 110
miles west of Faroloves Island. She was
ordered back on account of the lateness
of the season.
Cl RAN MEETING IN XEW OR
LEANS.
New Orleans, Nov. 10.—An enthusias
tic Cuban meeting was held here yester
day, nt which the surveyor of tho port,
and other prominent Federal officials par
ticipated. Resolutions were adopted con
demning the barbarity of the. Spaniards
and calling upon the. Federal Government
to recognize the Cubans as belligerents,
and demand indemnity and apology for
recent outrages on American citizens.
THE TEA FAILURES.
New York, Nov. 12.—The failure in
the tea trade Monday is attributed rather
to the competition which is growing up
in the West than to the panic. The great
Western marts, it is said, are receiving
their teas mainly by W'ay of San Francisco,
and many smaller firms here have been
wonud up owing to this withdrawal of
trade. The decrease of the trade is men
tioned as the cause of one of the heaviest
importers advertising two vessels of their
fleet for sale.
RAILROAD MATTERS.
Petersburg, Nov. 12.—The Richmond
and Petersburg and tho Petersburg nnd
Weldon Railroads, Reuben Ragland Pres
ident, met promptly the November inter
est on their bonds to-day. The Richmond
and Danville and the Piedmont Air Line
j Railroads, Col. A. B. Buford President,
extending from Richmond, Va , to At
lanta, Ga., paid up the November interest
I on their bonds yesterday’.
MISSISSIPPI IMPROVEMENT.
Indianapoi is, Ind., Nov. 11. —The
Merchants Exchange appointed a comrnit
j tee of ten to present the claims of the
people of Mississippi Valley for National
aid in improving their outlets to the
ocean. The Committee asks tlie co-oper
ation of the leading cities of the Misiis
sippi Vallley.
MURDERERS CAUGHT.
! Louisville, Nov. 10.— Two of the men
engaged in robbing the Columbia, Ken
i tucky, Bank, and murdering the cashier
some time ago, have been caught in
Maine, and will be brought to Kentucky
for trial.
ILLINOIS ELECTIONS.
Chicago, Nov. 11.—County returns are
now all in. The fanners have carried 51
counties, the Republicans 14, the Demo
crats 18, and in 13 there were no party
issues.
THE MEMPHIS BALE.
New York, Nov. 12.—The bale of cot
ton for Memphis, which was sold here
yesterday for $350, was shipped to Liver
pool to be sold for the same purpose.
“A Universal Tea Drinking” is propos
ed for the lGth of December, as that day
will complete a century since the throw",
ing overboard of the British East India
Company’s tea in Boston Harbor.
THE UIEGINIUS AFFAIR.
Action of the C. S, Government.
Washington, Nov-. 10. —Nothing of
marked importance has occurred
with reference to the Virginins affair, with
the exception of a dispatch from Minister
Sickles, notifying the Secretary of State
that the Spanish Government had tele
graphed to the Captain General to stay all
further proeedings in the case of the cap
tives now in custody. Minister Sickles
was to have had an interview to-day with
the Spanish Miuister of Foreign Affairs,
but whether it took place was not known
at a late hour this evening.
The execution which recently occurred
is condemned in official circles as brutal.
When all the facts attending it become
known, should it appear that the interna
tional law has been violated, immediate
measures will be taken to maintain the
dignity of this Government; bat the Sec
retary of State has no idea the Castelar
Government will tie slow to make repara
tion as far as in its power, judging from
the friendly disposition toward the United
States, and the expressed desire to culti
vate more intimate relations of peace.
The Secretary of Stato is represented as
saying to-day, during an interview, with
reference to the reported execution of
Santa Rosa, he had not been officially ad
vised of it, but that Santa Rosa had given
him a great deal of trouble. He was once
before condemned to death as a pirate.
After consuming a ream of paper and
sending numerous cable dispatches, this
Government secured his release. Only a
few weeks ago Santa Rosa wrote to the
Secretary, saying he owed the present pre
servation of his life to him; therefore
the Secretary thought Santa Rosa was not
wise in again periling his safety.
particulars of the execution.
Key West, Nov. 10.—A letter from Ha
vana, dated Nov. sth, gives the following
account of the execution of the Yirginius
prisoners at Santiago : The four prisoners
were shot at the place made famous by
previous executions, aud in the usual man
ner, kneeling close to the slaughter-house
wall. All marched to the spot with a firm
tread. Bembetta and Ryan showed marked
courage, although the latter was slightly
affected toward the last. The two others
quite broke down before they were band
ngod, but Ryan kept up to the last, never
flinched a moment aud died without fear
or regret. Bembetta aud Ryau were killed
at the first discharge.
THE LATE HORRID It UTCII FRIES
{'. S. War Vessels Ordered to Cuban Wa
ters—The Cabinet in Council—Our Na
vy in a Had Fix, hut the DiijnFy of
Hie Country Must he Upheld—What
Next?
Washington, Nov. 11.— Full Cabinet.
The seizure of the Yirginius ou the high
seas and the slaughter of Ryan and his
companions were discussed. The conclu
sion has not transpired. Gen. Burrils’
announcement that the patriots died with
composure seems to soothe the authorities
here into inaction.
Havana, Nov. T2.— A dispatch from
Santiago de Cuba announces the execu
tion of Capt. Fry and crew of the Yir
ginius, and twelve more Cuban patriots.
It says that Franchi Alfero was among
the latter number, aud offered the Spanish
authorities one million dollars if they
would spare his life. The Spaniards say
Alfero came to assume the Presidency of
the so-called Cuban Republic.
Several passengers, both men and
women, by the steamer City of New York,
from New York, Nov. (ith, which arrived
here yesterday, were arrested by the au
thorities on lauding. It is reported they
are accused of complicity with the Insur
gents.
Washington, Nov. 12.—Commander R.
E. Owen will command the Manhattan.
It is stated that the commander of the
Virginius was Captain Fry, who comman -
ded the Confederate Navy in Arkansas
river.
The Mahapac and the Manhattan, or
dered to be put in commission, and to
which officers are already assigned, are
fourth-class screw vessels, iron clads of
550 tons burden, and carrying each two
guns. These vessels will join the North
Atlantic squadron.
The vessels of the Navy have been so
much reduced in number that it has been
found somewhat difficult to promptly refit
our squadron in ease of emergency, but
in the course of a few days all that can be
made available will be sent to Cuban wa
ters in accordance with the determination
of Cabinet meeting yesterday.
The Secretary of the Navy was to-day
in consultation with the different bureau
officers on the subject of preparing vessels
for sea. The Government seems to be
more in earnest than heretofore in pro
tecting the waters between the United
States and Cuba—the great highway of
alt nations from Spanish molestation.
The Madrid Government being unable to
enforce its authority in Cuba, that of
the United States will be compelled to as
sert its power in all cases where the inter
ested citizens of this country and its own
honor require decisive action. The Pres
cient and the members of his Cabinet are
in accord ou this subject. It is not believ
ed in official quarters that the contest iu
Cuba has at any time assumed conditions
which amount to war in the sense of
international law, or which would show
the existence of a de facto political organ
ization of the Insurgents sufficient to jus
tify a recognition of belligerency, but as
President Grant said in one of his annual
messages, “The principle is in maintain
ing that this nation is its own judge when
to accord the right of belligerency, either
to a people struggling to free themselves
from a Government they believe to be op
pressive, or to independent nations at war
with each other.”
CURA—SPANISH NEWS.
New York, Nov. 10.—A private letter,
from a trustworthy sonree, dated Havaua,
Gth, says: An official telegram was yes
terday received at the Palace from Puerto
Principe, of an engagement between the
Spanish forces and a Column of insur
gents, under the command of Sanguila, in
which the insurgents were severely beat
en, losing twenty killed and eighty taken
prisoners. The Spanish commander
caused all prisoners to be shot. Pasado
por los Armas, Governor of Puerto Prin
cipe, tyion hearing of it t.ook the command
away front the Spauisli commander and
arrested him, telegraphing the event to
the Captain General. The latter imme
diately telegraphed to Puerto Principe,
causing the commander to be reinstated,
and ordered the Governor to Havana. It
is thought here that the Governor feels
undue sympathy towards the insurgents,
through the influence of his wife, who is
the aunt of the late Agramonte.
GRANT AND KELLEY.
Special to the Cincinnati Gazette.]
Washington, Nov. G. —Judge Kelley
prints a long letter to contradict a dis
patch which asserted that “the President
was considerably surprised at the state
ment put forth, apparently with Judge
Kelley's sanction, that the two virtually
agreed on financial matters.” Mr. Kelley
says: “I have made the general remark
that I had found the President’s views
more accordant with mine than I had ex
pected to. This is true, and whatever
may be his opinion on the question of the
issue of convertible bonds or of the in
crease of currency, to neither of which I
have attempted to commit him, it is also
true, as I know’ from personal intercourse
with him, that he holds many opinions on
paramount questions of tie day that I
will consistent!}’ with my past record find
pleasure iu maintaining during the com
ing session of Congress.”
EX-PRESIDENT JOHNS ON’S FUNDS
Washington, Nov. 10.—Among the de
positors who to-day received thirty per
cent, of their deposits in the First Nation
al Bank—the first distribution of assets of
that institution—was ex-President John
son, who received nearly $22,000 out of
the $73,000 he had on deposit there.
Chinese Justice in Louisiana. —The
thirty or forty Chinamen who work on
Mr. Cragin's plantation, Terrebonne par
ish, a short time since tried one of their
number who had stolen several hundred
dollars from another of the colony. They
found him guilty, suspended him by the
hands to the joists of the house, and
whipped him, after which they cut off
both his hands and feet, and buried him
alive. The colored people on the place
were afraid to interfere. The parish au
thorities have the matter in hand.— N. O.
Times, oth.
NO. 41.
From the Nashville Union.
'CURRENCY IN GREAT DRI TII X
AX'D THIS COUNTRY. '
The New York Tribune, of 7th iust.,
contrasts the banking system of Great
Britain and the United States thns:
“Our present troubles may be chiefly
accounted for by the speculations and de
moralization engendered by excessive is
sues of irredeemable paper money, our
■ reckless and thoroughly unsound habits
of banking, aud finally by a babyish de
pendence upon those children ’in the
woods, President Grant aud his Secretary
of the Treasury. The condition of thing’s
in London, though not as hopeful as could
be wished, presents a sharp contrast to
that which has laid us upon our backs.
\\ e think it will be found instructive to
examine a little closely into the differ
ences between the English aud American
systems of currency and banking.
“It is tolerably well known that iu Eng
land no paper money circulates of loss de
nomination than five pounds (twenty-five
dollars). Everything below that is gold
and silver. In Scotland the banks are al
lowed to issue notes as small as one pound,
but the eutire bank circulation is not
large in either country. For the last
week of September the’average circula
tion of the English private banks was
$13,000,000, of the English joint stock
banks $12,000,000, of the Scotch banks
$27,000,000, and of the Irish banks $32,-
000,000; total bank note circulation of
the United Kingdom, exclusive of that of
the Bank of England, $84,000,000, or less
thau double the amount of our ten, fif
teen, twenty-five, and five cent fractional
currency! By the last return receiv
ed by mail, the circulation of the Bank
of England was $170,000,000, of which
$75,000,000 is secured by Government
debt and other securities, and the other
$95,000,000 issued against an equal
amount of gold coin aud bullion. The
amount which is issued against securities
is rigidly limited to $75,000,000, while
the remainder varies in exact correspon
dence with the gold coin and bullion left
on deposit with the Bank. In fact, neith
er the Government nor the Bank of Eng
land has any control over the note circu
lation. The “issue department,” as it is
called, is entirely separate from the bank
ing department, and is obliged by law to
give its note for gold coin or bullion at u
fixed price, and to redeem its notes in coin
on demand. The money of Great Britain,
therefore, consists of about two hundred
and fifty million dollars of paper aud pro
bably four hundred millionsin coin. Exclud
ing from thepapertheonehundred millions
issued by the Bank of England against
gold coin aud bullion, the proportion is
one hundred and fifty million dollars of
bank notes and four hundred million dol
lars in coin. Our money consists of sev
en hundred and fifty million dollars of ir
redeemable paper, about fifty million
dollars in coin in private hands, and fifty
millions more locked up in the Treasury.
We found no argument on these figures to
prove the redundancy of the currency of
the United States, but we beg our readers
to observe that the money of the most
prosperous and wealthy nation iu tbe
world is composed of two-thirds coin to
one-third bank notes. ”
In England they have no bank notes of
a less denomination than five pounds
(about $25,) consequently all currency
below’ that is gold aud silver. As nine
teen-twentieths of the trade among the
masses of that country is in sums below
twenty-five dollars, their exchanges are
for specie. In this country, in place of
wisely restricting our paper promises to
$25, or even to S2O or $lO, our Federal
Government issues them down to ten
cents.. While Great Britain has $400,-
000,000 in coin to $200,000,000 in bank
notes, we have $750,000,000 iu paper
money, so-called, to $50,000,000 in specie
in the Federal Treasury aud about the
same amount in banks and private hands.
This national toleration of rags for cur
rency is confessedly the most discred
itable feature in our business capacity
and common sense. The officers of the
Bank of England, made wise from large
and long experience, have raised the rate
to nine per cent , W’hen the average is less
than half that sum; and the telegraph re
ports that exceptional rates for advances
of ten to thirteen per cent, were charged
by the Bank of England, Monday. These
facts show how much they fear the loss of
their coin as a safe business basis. Our
spread eagle, while legitimately soaring
high, need not fly above the clouds, and
fail as signally as the Graphic balloon
that was going to Europe through the at
mospheric ocean. We had better build
fewer castles in tbe air, and give more at
tention to solid substance and less to spec
ulative moonshine.
A PROBABLE REVOLUTION IN
STEAM-BOAT BUILDING.
An experimental Tug-Boat.
We notice in the New York papers,
mention of the fact that a modern tug
boat is being built in that city, and ?s
nearly completed, which will be supplied
with boilers aud machinery destined, in
the opinion of many, to create a revolution
iu the entire steamboat business. It is
thus described :
“The motive power is supplied from a
binary engine, with two cylinders similar
to a compound engine, placed vertically
over each other. The steam is used first
in the upper or smaller cylinder, (which
is 13 by 18 inches,) the same as usual in
high pressnre engines; but the exhaust
steam, which is commonly wasted, is
made to serve as fuel in another boiler
containing by-sulphide of carbon, which
evaporates at a temperature of 112 de
grees. The latent heat iu the exhaust
steam will be sufficient to create a pres
sure of sixty-nine ponnds in the second
boiler and the steam is entirely condensed
in the operation and returned again to the
original boiler. The vapor of bi-sulphide
of carbon is then applied to the second or
larger cylinder (18x18 inches), and pro
duces a power fully equal to that obtained
in the first instance. The engines work
in unison and are bolh operated by a sin
gle reverse lever and controlled bv one
throttle-valve lever. The exhaust 'steam
of the bi-sulphide of carbon cylinder is
condensed in a single condenser and re
turned to the vapor boiler, thus complet
ing the circuit. The builders expect that
this boat will be fully equal to a high
pressure tug boat with a cylinder of 20x20
inches; also that she will consume less
than one-half the fuel, as the second cyl
inder will utilize for fuel the exhaust
steam usually wasted in the open air.
The hull is 83 feet long over all, the beam
17 feet, with a depth of hold of 7 feet 9
inches. Her model is exceedingly fine,
and in all her departments there is a de
gree of elegance seldom found in an ordi
nary tug-boat. She will be completed in
about a fortnight, and her builders antici
pate that she will be the swiftest and
most powerful tug boat in America. A
stationery engine, connected with the
works, is operated by boilers similar to
those described, and the saving in fuel
is fully sixty per cent. If the system
works well on steamboats the idea of a
revolution in tho business is reasonable.”
NEW YORK DRY GOODS MARKET.
New York, Nov. 10.- Business was very
quiet with commission houses, and job
bing trade was dull to-day but many buy
ers are arriving from the interior to at
tend the closing out sales of two of the
largest jobbing houses in the trade which
commences to-morrow. Dress goods and
printed reps are in fair demand. Prints,
wool flannels and blankets are in mode
rate request. Large sales of dry goods
will be made during the next thirty days
at greatly reduced prices from the cur
rent rates on thirty days’ time, with fur
ther reduction for cash, and on these
terms the extensive house of Peake, Op
dyke & Cos., will dispose of their entire
stocks. This announcement it is believed
will draw plenty of Western dealers here
within the next fortnight.
The Synod of Georgia.—The Newnan
Herald says “this body of Christian min
isters and elders met in the Presbyterian
Church in this city, Wednesday evening,
and adjourned Saturday evening to meet
in Savannah next year. The usual
church businiss was transacted. On Sab
bath morning the pulpits of the various
churches were filled by delegates ; that
of the Presbyterian Church by Dr. Howe;
of the Baptist Church by Rev. Mr.
Quigg; of the Methodist Church by the
Rev. Mr. Axon. Our citizens were pleas
ed at the coming and stay of our visitors,
and our guests expressed themselves de
lighted with the hospitality of the citi
zens of Newnan.'
f*tE COTTON CROP.
The Exchange Report.
New Orleans, Nov. 0, 1873.
To the President and Board of Directors oftiie
New Orleans Cotton Exohange :
Gentlemen —We respecfully submit the
following report of information condens
ed from letters received by us from 20th
to 30th ultimo, in answer to our interrog
atories sent out during the month of Oc
tober :
MISSISSIPPI.
From this State we have received forty
eight (48) replies from thirty-four (34)
counties. Nearly all our correspondents
agree in stating that frost has done very
little if any damage to the crop. The
yield is represented as about eighteen
(18) per cent, less than that of last year.
The weather has been favorable for gath
ering the crop, of which about two-thirds
| G) has already been picked.
LOUISIANA.
W e have thirty-three (33) answers from
: twenty-four (24) parishes. Weather re
ported as favorable, frost having done no
damage. About seventy-five (75) per
cent, of crop already gathered. Average
report of yield is sixty-six (GO) per cent.
1 of that last year: only three (3) parishes
stating au increase.
TEXAS.
We have to report twenty-three (23)
answers from (21) counties. The weather
generally reported as having been favora
ble for picking with two-thirds (§)of the
crop already housed. Frost is reported
to have caused no damage to the crop,
which promises to show an excess of ten
(10) per cent, over last year’s—attributed
by our correspondents to the increased
area planted.
ARKANSAS.
Thirty (30) letters from twenty-four
(24) counties. Nineteen (19) of which re
port no frost; remaining five (5) very
slight; do damage done. The compara
tive yield this and last year’s is stated to
be about the same. Average report of
the crop picked to date, is about 44 per
cent.
TENNESSEE.
Our correspondents in this State send
us twenty-nine (29) letters from twenty
eight (28) counties.
The picking season is represented as a
good one; but. little damage having been
done by the frost. The quality of the
crop, of which about 5G per cent, has been
picked, is stated to be much better than
usual: while the yield as compared with
last year, is represented as 10 per cent,
greater.
ALABAMA.
Twenty-three (23) counties send in
tweuty-tiye (25) letters, reporting weather
favoruble for picking, no damage or very
little having been done by frost; the av
orage of the amount said to have been
already picked is put down at G 5 percent.
The yield ns Compared with last year is
reported about 10 per cent, less; the qual
ity of the crop is stated as much better.
NORTH CAROLINA.
Forty (40) answers from thirty-six (3G)
couuties ; from the information gathered,
no damage from frost has been sustained
thus far, though on the 24th October, the
average date of our answers, only about
50 per cent, of the crop had been picked.
The weather, with hardly an exception,
was favorable for picking; but some coun
ties complain of a scarcity of hands and
high demands for field work.
In regard to the yield, our information
points to a crop of about 2J per cent, less
than last year’s, which result is obtained
from a larger area planted with cotton,
especially in counties having heretofore
raised principally tobacco and corn,
SOUTH CAROLINA.
Twenty-six (2G) answers from twenty
(20) counties. No late cotton having been
planted, no damage from frost is feared.
Picking seems to be well advanced and is
expected to be sooner completed than for
years. At the average date of our re
ports, 23-24 October, fully 70 per cent,
of the crop had been housed.
The weather, with but a single excep
tion, is stated to be favorable for picking,
though different sections of this State
complaiu of unsufficieut labor.
The percentage of lint to the acre
shows a decrease in comparison with last
season, but the total yield promises to
reach. 90 per cent, of last year’s, on ac
count of a materially increased acreage iu
many counties.
(We notice in both Carolina* a growing
feeling to cultivate cottouu to u larger ex
tent than heretofore.)
GEORGIA.
Sixty (GO) correspondents send in an
swers from fifty-one (51) counties. The
proportion of cotton picked, up to the
25th nit., is estimated by them at G 5 per
cent, of the probable crop, and the weath
er is represented as exceedingly favora
ble, the cotton maturing well and the
lint being therefore clean and of better
staple than usual.
Notwithstanding the considerable in
crease iu acreage, and in the use of fer
tilizers, the crop in this State is not ex
pected to show any excess over last year's
figures. Most of our letters attributed
the reduction in the yield to tbe destruc
tion of the crop by the caterpillars,
which, it seems, have caused more dam
age than was anticipated by our corres
pondents at the time of their last report,
No damage reported from frost.
Harrison 'Watts, Cotton Broker.
11. De Gas, Cotton Buyer.
John Ohaffe, Cotton Factor,
J. Y. Richards, Cotton Factor.
A. H. Peale, Cotton Factor,
C. Kressner, Cotton Buyer.
W. C. Simmons, Jr., Cotton Buyer.
A. E. Bignon, Cotton Broker.
Committee on Information and Statis
tics.
Jim Fisk’s Monument.—A correspond
ent of the New York World writing from
Florence, Italy, describes a magnificent
monument already nearly finished by no
less an artist than Meade. The concep
tion seems to be “Fiskish” all over. Tim
correspondent says it “consists of a mar
ble shall, on which is to be placed a por
trait medallion of Fisk as Colonel of thp
ninth regiment. On the surrounding
base are four young women. Oue has ou
her diadem a carved model of a sound
boat, supposed to be the Plymouth Rock;
in her hand she holds a book on which is
the word ‘Steamboat,’ Another has in her
diadem an Erie train, and on her book is
written the word “Railway.’ The third
is crowned with a huge chaplet, and arm
ed with a musical instrument, symbolic of
the grand opera house and opera bovffe.
The fourth is holding a bag full of money,
with one hand, and is, I believe, a symbol
of commerce. The statue will be twelve
feet high, nnd be approved by a commit
tee. The groups about the base will re
present infantry, cavalry, artillery and the
marine branches of the service,'and will
be eleven feet high. The first group con
sists of an officer waving a flag and lead
ing on his men.” In view of Fisk’s es
cape over a back fence during the riots,
with much damage to the seat of his pan
taloons, this “officer waving the flag" is
“much of a richness.”
A Marvel Outdone. —Mr. Finlavson,
town clerk of Sterling, Scotland, in the
latter part of the seventeenth century,
was noted for the marvelous in conversa
tion. He was on a visit to the Earl of
Mouteith and Airth in his castle of Taha.
in the loch of Monteitli, and was about
taking leave, when he was asked by the
Earl whether he had seen the sailing
cherry tree.
“No,” said Finlayson. “What sort of a
thing is it ?"
“It is,” replied the Earl, “a tiee that
has grown out of a goose’s mouth from a
stone the bird had swallowed, and which
she bears abont with her in her voyages
around the loch. It is now in full fruit
of the most exquisite flavor. Now, Mr.
Finlayson,” he added, “can yon, with all
your powers of memory and fancy, match
my story of the cherry tree ?”
“Perhaps I can,” said Finlayson, clear
ing his throat, and adding: “When Oli
ver Cxomwell was at Airth, ono of his
cannon sent a ball to Stirling, and lodged
it in the mouth of a trumpet which one
of the troops in the castle was in the act
of sounding.”
“Was the trumpeter killed ' said the
Earl.
“No, my lord,” replied Finlayson. “He
blew the ball back, and killed the artil
leryman who had fired it!”
The New Orleans Times thinks the
present is the golden opportunity for
Northern operatives who are thrown out
of employment to come South. Land
here is cheap and productive; the climate
is agreeable in winter, lightwood abounds,
and more fresh air and happiness exist
for such poor creatures than they ever
dreamed of.
A correspondent of the Scientific
American says a certain cure for nose
bleeding is to extend the arm perpendicu
larly against a wall or a post, or any con
venient object for a support. The arm
on the side from which the blood pro
ceeds is the one to elevate.
Blank Distress Warrants for sale at the
Sun office.