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THE EASTMAN TIMES.
R. S. BURTON, - - Proprietor.
H. W. J. HAM. ---- Editor.
WEDNESDAY OCTOBER 8, 1873.
To Tlie Press.
Ir: accordance with a series of reso
lutions passed by the Georgia Press
Association in Convention at Air.eri
cus, the undersigned Committee were
appointed to take all necessary steps
for the formation of a National Press
Association. The Committee having
received, through their Chairman, a
number of favorable responses to the
proposition to form such an Associa
tion, from journalists of several States
and Territories, giving to the Commit
tee the assurance of their hearty co
operation in the movement, we deem
..the object worthy ol an effort, and the
present an auspicious movement to
begin the work, we therefore issue a
•Cull for a Convention of journalists
throughout the Union to assemble at
St. Louis, Missouri, on Wednesday,
the 2Gth of November, 1873, to organ
ize a National Press Association.
All papers in the United States are
requested to make a notice of the place
and time, and every journalist is re
spectfully solicited to attend.
. The Georgia Press will please do us
.the favor to keep a standing notice of
the call, until the day for the meeting.
Robert L. Rodcf.rs,
Cary W. Styles,
C. W. Hancock,
T. M. Peeples,
J. B. Reese
Committe.
' The following notice of our town,
' and tribute to our esteemed fellow
citizen, Gen. Ira R. Foster, we take
* from the Atlanta Constitution of the
Ist fust. *on the wing’ seems to have
flown so fast as to have entirely over
looked the fact that the Eastman
Times was published here :
A YOUNG TOWN IN A NEW
COUNTY.
Oen. Ira R. Foster—lfis Enter
prise and Success—Tlie Re
suit of Energy and integ
rity—Ahtliony Mur
phy—Tlie 6 Piney
Woods’ —The
, Lumber
Trade.
t t
*■' i " ' V •
..Eastman, Ga., Sept. 27, 1873.
Editors Constitution : Your readers
ought to know something of this
place, therefore I write this letter.
. It is in the ‘piney woods’ of Geor
; gia, at a place which, in this wide flat
'country is considered elevated. The
growth in this section is mostly pines,
as far as you can see, and the sandy
soil looks very poor to an up country
though the scrub cattle get fat
on the wire grass in summer and fall.
In the spring of 18G9
GENERAL IRA R. FOSTER
cut the first stick and set down the
. first peg, in the establishment of this
pretty village. lie is one of Georgia's
self-made men, a good citizen, well
and favorably known as aformer resi
, dent of Atlanta, who still own a lar <r e
amount o real estate ip and around
.the Gate City, Ho is an energetic
• and successful man, sixty-two years
old, but vigorous for his age. He was
born in Spartanburg District, S. C.
IN hen approaching manhood, he hired
his tune from his father to g*o to school,
• # #
agreeing to pay a certain sum per an
num till he should be of age. The
teacher credited him for bis tuition
and a kind family for board, lie af
terwards taught school till he made
money and paid oil' his debts to the
last Cent.
He then studied medicine, paying
1 for board and instruction by his own
labor, till he became a practicing phy
sician. He came first to Oglethorpe
' county, then to Carroll, and when the
Indians were removed, he went with
the tide to
the gold region
and located in Dalilonega, where he
successfully followed his profession
accumulating- a handsome sum of mon
ey, which, he invested in merchandiz
ing witli a partner who stole and ran
away with everything, leaving num
erous debts against the firm, of which
I)r. ; Foster knew nothing till he was
called On to pay them.
This was a discouraging blow, but
lie again went to work manfully, and
in a few years made money enou h
-.to pay off every claim, to the utter
most farthing, and have a competency
; left.
* > From his boyhood till now, a sern
,* jpulous fulfillment o*t all his contracts,
' LAYING vi* FULLY
everything that could be legally or
honorably demanded of him, lias been
a peculiar characteristic of Gen Fos
ter. He was
QUARTER-MASTER GENF.RAL
of the State of Georgia during the
late war, and won the praise of the
people as a faithful public servant in
those times of trouble and demoializa
tion. N\ lien the war ended, lie was
double unfortunate,
besides the losses which befell him
and all others alike, his health failed,
and for years he was unable to attend
to any business ; and during the war
he had endorsed largely for friends,
many of whom wound up in bankrupt
cy and left him to pay their paper.
Unlike some others he did not seek to
avoid paying these debts, but resolved
to take up all the paper to which he
had put liis name. He regarded
a security debt, a debt of honor.
He had a dependant family—wife
and daughters—who relied upon him
alone, and though he was prostrate,
his faith had not failed nor his resolu
tion weakened.
In 18G7 he went to Dawson and en
gaged extensively in making and deal
ing
IN LUMBER.
Early in the spring of 18G9, when
the Macon and Brunswick Railroad
was in four miles of this* place, he
moved his mills to this point, lie
bought timber privileges in a large
amount of land, and bought thirty
acres in fee, telling the people lie was
going to
BUILD up a town
on it. He first erected a little shanty
and then his large steam mills. That
shanty—the first building ever put up
on this spot—is still standing. It is
an object of curiosity and ought to be
preserved as an historic landmark
In October, 1870, the Legislature
organized
anew county
from portions of Pulaski, Telfair and*
Montgomery * fixing this spot as the
county site, and Gen. Foster has had
the pleasure of seeing the small set
tlement which lie planted over four
years ago grow up into a handsome
village of sixty residences and five
hundred inhabitants.
Two New York gentlemen, Mr.
Eastman and Mr. Dodge, own immense i
bodies of lumber lands in this
region, and the new town and
county were named in nonor of them—
the former donating a fine lot, on
which the latter erected the handsom
est court house in Georgia outside of
our large cities, presenting the whole
to the county
Gen. Foster, when the war closed,
had a very large fortune, in the way
of the first-class property, and he em
barked in the lumber business to pay
his debts and save this property. He
fias fully accomplished his object. His
wife and daughters entered heroically
into the spirit which actu ited him,
cheerfully foregoing their accustomed
comforts, and living very economical
ly in a cheap, rough cottage in this
place.
While he purs.mall superinteu led
his operations outside, one of his
daughters kept his books and was his
cashier. llis trade has been immense.
Many ship loads from his mills have
gone to New York, Rio Janeiro,
Havana and elsewhere. He has again
paid the last cent ; has sold out his
mills, bought a handsome residence in
Gadsden, Ala., where he and his fami
ly will remove in a short time, to en
joy the years of toil and self-denial.
Truly God helps those who help them
selves.
And I must not omit to mention that
MR. ANTHONY MURPHY,
another of Atlanta’s enterprising citi
zens, has a very large and valuable
steam mill here, at which he saws
some 10,000 fee , more or less, of lum
ber per day. His little mill for saw
ing latns will make sixty per minute,
and keeps two stout boys, quick in
the motion, as busy as they can bo to
feed it.
This section is considered one of the
healthiest in the world. On the lar^c
o
streams and in the vicinity of large
swamps, chills are common ; but the
entire piney woods away from these is
considered perfectly healthy. Tho
winters are delightful, and numerous
invalids from the North have settled
here. On the Wing.
Cincinnati, October 4.—The finan
cial trouble is developing a disoosiion
among manufactures to ivduce their
force and hours. Several have been
ieduced, and others will follow unless
the next week shows improvement.
TJie Government Relief.
Tlie so-called government relief to
the market iti the purchase of the
bonds has not produced the effect
promised, for reasons which must be
manifest upon a little exurnioatioi..
rhe holders of the bonds* surrendered
were chiefly tlie savings banks, who
were thus raising currency to provide
against a run on their respective insti
tutions. Most of them have the cur
rency obtained still in hand, and those
who have paid it out have not given
it anv circulation, as the funds have
gone into the stockings and other
hoarding places of the poor, who have
drawn it in a fright, and will not dis
burse it. So far as this is concerned
it has in nowise diminished the scarci
ty of greenbacks. It may have pre
vented the savings institutions from
levying on the market for currency,
but it has not added any considerable
amount to the supply of greenbacks
in circulation. The only real help
which has reached the community and
been available for commercial purpos
es is that which has come from the
banks. Their twenty millions of cer
tificates were the result of a happy
inspiration, and the prompt issue was
a measure of practical relief univer
sally felt and acknowledged.
It is well, we think, that the Treas
ury has ceased its purchases of bonds,
and committed this negotiation to the
banks. Every dollar drawn out of
(lie Treasury through this arrange
ment will be of real service, being
held subject to the needs of the great
mercantile interests.
We always opposed a legal-tender
paper currency, but when the nation
al bank issues were suggested, we
contended that the presence in the
market of two classes of paper money
would sooner or later be an acknowl
edged evil of still greater magnitude.
That is now fully realized, and the
difference in market value between toe
bank notes and the legal-t aiders into
which they are convertible is an illus
tration of the principle. A leading
auctioneer in this city lias made
to us a novel suggestion toiichin ; tlie
removal of this difficulty. lie pro
poses that tin* Treasury shall n\,e.ve
national bank notes on deposit, and
issue therefor the legal tenders at par.
The security of its own bonds with
twenty per cent, margin would be in
the hands of the Government, and the
change would entirely relieve the corn
mun tyof the burden arising from tlie
inferences in the currency. We do
not suppose- the Secretary* has the le
gal right to make any such exchange,
but it would be no greater stretch of
power t ian already exhibited at
Washington. We do not indorse the
proposition, but mention it as a possi
ble relief in case the banks are press
ed to redeem their issues.
Tlie most hopeful feature of the
present aspect of affairs is the steady
demand for the better class of securi
ties from investors, who are tempted
by tin; great decline in rates to take
them from the market. Large amounts
much greater than supposed, have
been absorbed in this way during the
last few days, and the process is still
going on, the purchases being alt >-
gether at private sale. With a little
more backbone, now, on the part of
those wiio have only been scared and
not seriously hurt by the revulsion,
we shall have a steady increase ol
ease and comfort until a healthy circu
lation is once more restored.— N. Y.
Journal of Commerce.
\\ lao tlie Ileal Sufferers are by
tlie Crash.
In a few day 6, from the present ap
pearance of things North and South,
a large number of tlie suspended firms
and banks will resume payments, the
poor workman out of employment
will return to their avocations, (we
hear nothing of strikes these times),
cotton will revive and find a ready
market, and the absurd panic which
has shaken the nation, give place to
the actual prosperity which was real
ly interrupted without cause, when
Jay Cooke & Cos. collapsed. But
there is one class of sufferers who
must continue to struggle in the slough
of despond. We allude to the unfor
tunate dupes who had invested in the
bonds and stock of the Northern Pa
cific, the Canada Southern, the Missou
ri, Kansas and Texas, the Chesapeake
and Ohio and-Central Pacific, and oth
er lesser railroad securities.
1 hose vast absorbents of capital
and confidence, must continue sick for
an indefinite peiiod, even if they ever
lift lip their heads again.
Those wno have their all embarked
in such ventures, are tne onlv real sul
ferers in the country, as other stocks
based upon sure foundations, will ad
vanoe pari passu with the revival of
trade, and the legitimate business of
the nation. For the former, there is
no hope, or resurrection, until prosper
ity has again blinded the eyes of the
people, and they are ready once more
to chase tin* ignis fatuus which cun
ning stock jobbers and ringmasters ate
ever prompt to present to their vis
ion.
We are sorry for the victims of
these huge swindles, but not for those
who pulled the wires and made the
puppets dance. And if the experi
ence of the past few days can but
serve to stop these fraudulent at
tempts to achieve great results with
ou substantial means, and arrest the
mania for speculation which had even
entered the portals of the National
Capitol, then indeed the present tribu
lation will prove of priceless value tn
the entire body politic.— Telegraph and
Messenger
“King Cotton.”
A correspondent of the Mobile Reg\
ister in Arkansas does not oolieve al-J
together in cotton. He writes frord
Helena, and his woids give an insig-hl
into the condition of that State, ami
its dependence on the West and Nortl
that are measurably true of every cotl
ton growing State in the South. ]
“Cotton is the curse of this country]
it is produced as a means of procurinj
every thing. Even corn, than can b
produced here at ess expense that
els where in the Union, is imported it
lart-e quantities. At gathering tiim
last fall the corn grown on the rivet
above ana brought here in the shuck
sold at from $1 10 tosl 25 upon out
levee. Ev<*ry steamboat now bring
s ick corn, vvnich s 11s at from $1 30 *
$1 35 per bushel. We dep ltd wholly
upon other States tor flour, 0.-t ir->< -s
turnips, cabbages, celery, horse oull
its!i, fruit, and a variety of t rungs I
high prices, which might be pt >duceJ
here at a low figure. Bacon, be J
hotter, lard and eggs are am mg oil
importations. To this list of agrioul
t lira I productions we may add all set I
of manufactures—sa'dt doors, windoJ
blinds, furniture, wagons, carriagesl
!iit i >s, spokes, lelloos, bows, ham-o-J
and dm >st everything you -an n t.>i> *■
Mechanical labor is worth $3 n-s;r
per day ; farm labor from sls to sls
per month ; day laborers want from
$1 to $2 per day. IF.th cotton 11 to
12 cents as a base for these prices,
you may well conclude we are fairly
on the road to ruin. When I add that
potatoes are worth $1 50 and turnips j
$1 per bushel, eggs 25 to 50 o s. pet
dozen, cabbages from 25 to 75 cents
per head, a handful of greens a dime,
you may judge there is great need for
someone to make endeavors to have
these things produced at home.
And yet cotton is the right bower
of the commercial world. Without
cotton in the present crisis what
would become of our whole commer
cial and financial system ? Upon the
cotton of the South and the bread
stuffs of the West the bankers and
merchants of the c uintry rely for the
restoration of financial solvency and
a healthy commerce. If, as the writer
maintains, cotton is a hard master to
those who produce it, impoverishing
and enslaving the South while it en
riches the North—the fault is it. the
Southern people and not in the great
staple with which their clime is bless
ed. Under a wiser and more prudent
system cotton would be to the South
ern people an unfailing so urce of
wealth and commercial independence.
The Financial Troubles.
Hopeful Outlook.
Patience and Confidence J all
that is Needed.
What Caused the Great i anic.
(New York Corresponenc of the Atlanta Herald.
* * * * * Now that m li
ters have become camp irat ;vei v
quiet and men begin to icvicw the
occurrences of tne past s veil <:
eight days, nearly everybody be
come to the conclusion that a m re
senseless panic has never prevailed,
because in the first place tin* e >u;itr\
was never in a more prosperous ci n
dition. Good crops have been mud
all over the country. The cotton crop
is still on hand and unsold. The
world is obliged to have it, and even
should every banker in New
York who have been dabbling in spec
ulative stocks fail, cotton would
command gold. If our people
will only have a little, patience and
sustain the Banks which control the
funds to move this crop, gold will
come from Europe to buy the cotton
and all things will get easy once
more. 1„ fact, 1 realy believe that
tin* crisis through which we have
passed, and are passing, will he’' pro
ductive of good. During the : past
eight years railroad corporations
hwe been floating bonds to the j
amount of nearly six hundred million
of dollars. Now that the bubble has
burst these vast corporations will no
longer be competitors in the money
market and just so much more capital
will be left for the purpose of legiti-.
mate trade.
• ■ * I “ * if * * I P * I
bank pres ;en(s w.> hid i ut • . • Fiftili
Avenue, and an t >uuoe i that
on Monday the G nma'an ;ul w >a! I
throw fourteen mijli ms <m the mark'd
in the purchase oi b m is. This cans and
a lull, but only temp *rury, and Mon 1 tv,
I uosday, Wednesday and Thursday,
small firms continued to go down,
until Henry Clews A (Jo., went down.
I his started the panic again, but it
did not spread, for all day Sunday the
printing presses were throwing off
the ten million of loan certificates,
•*nd then passing from hand soon re
placed the currency that was locked up
and now all things seem to be moving
as they were before.
I thought 1 had seon panics before,
hut I never saw anything like this,
and really tee 1 unable to describe, it.
thousands would congregate in front
of the banks, and in front of some of
them the lines would commence to
lorm at twelve o’clock at night to be
there next morning. Those who had
ready money have reaped a rich har
vest in the purchase of stocks at the
low price to which they have fallen.
Others have sent their money East
and South to buy grain aud cotton.
Others have done all they could to
keep up the stringency by locking up
greenbacks. Noth withstanding all
this, there is no apprehension of any
widespread commercial disaster. Be
patient. The same money is in the
country that there was before, and
people will get tired of carrying it
around in their pockets and will soon
put it in circulation.
George Fra nets Train has initiated
Ned Buntbw, ButTila Bill, and Texas
Jack. The full --w n.; adv-Tt.siuncut
ippeafs it t e Spi dieV! (M *ss.),
U' > u If,, i, V- ; l ay ; “Oj;er<
!I liS . S • 1. i'.t\ r V il . ilg, Sl-p (‘UIiU 1
27. One u: !y G age Frai.-
e.-> Ti :, t; t!;• . go.tit Ir.sh dia:, a
‘E: a A-t.-a r;M ; <r, Hi- Mali Iran
Y iii t'o
file 0 a,l ia Herald :.k 1 ' ‘ -lie
Farmers movemeni, says;
Tin* grangers are mik: - raps
progress in Nebraska. At Lincoln
tlien- was recently a gatherjur of th“
“hard-handeil, v w’r w r " ree
hundred delegates appeap-d Ir m the
neighboring counties. The meet ! g
was mih* lor eojisulfaUo’ o-l e i,tu
al interchange >1 opiieons. L was
agreed that they w* ul] make a com
mon cause With the farmers of lowa,
lllieois, Miss uri, Minnesota, and oth
r States, on al question affecting the
interests.
_ : " • Railroads.
OrflCK MACON & WESTERN RaILBO\ D I
Mftcon, Ga., November 16, 1872. ;
On and alter Sunday, Norember 17 the r i
lowing Schedule for Passenger Trains u ill i
observed on this road: **
DAT PASSKXOKB.
Leave Macon nnr
Arrive at Macon 7 tv * 01
Leave Atlanta iff * lll
Arrive at Atlanta 1 or a 111
i V i
NIGHT PA3HKNGKR,
Leave Macon ; 10 no
Arrive at Macon * j K ' P Bl
Leave Atlanta o on p m
Arrive at Atlanta <..77. 7. ... . &00
Making close connection at Macon with
Central Railroad for Savannah and Aueusu
and with Southwestern Railroad for points m
Southwest Georgia. At Atlanta with Westers
A Atlantic Railway lor points West.
A. J, WHITE,
\ Superintendent
1 Change of Schedule.
1 SOTERINTEHDENhs OFFICE
Southwestern Kaitroad I
I „ Macon, June 13,
DAT EUFAULA PASSENGER TBiiy
Leave Macon
Arrive at Eufaula a. in.
“ at Clayton 4-42 pm
“ at Albany I.7pm
At Fori Gaines.’; J P
I with Fort GomJ ‘ md
If Leave CLiyton.
'/Leave Eufaula 7.20 nm
Leave Fort Gaines ‘ * J Hlll
Leave Albany ".do am
Arrive at Macon r .15*“
EUFAULA NIGHT, FREIGHT iv-tt
’ nIut,HT AhD ACCOMMOUAT OR
train.
Leave Macon n ...
Arrive ut Eufaula.... in P m
“ at Albany ... fjl “ m
“ at Fort Gaines..';
Connect at Smithville with Albany Train on
Monday, 1 uesday, Thursday and Friday
and at Cuthbprt on Tuesday and TknniUv. -
No tram leaves on Saturdiy nights.
Ijoave Eufaula... t r
Leave Albany 7.7.'. ’4? pra
Leave Fort Giiiues. . 111
Arrive at .Uae.m H I MU
COLUMBUS DAY PASSENGER TRAIN.
Leave Macon g.jr
Arrive at Columbus ii.ir,
Fjoave Colmulms. . 4-ir. ,
Arrive at Macon. . ;
Me p m
VIRGIL POWERS.
Engineer A Sujx-rintondeyt
sy a. v. \n
WINIMI.VM •;>;
ARTTSTIf'
House, Sign & Decorative Pamier
loul- 1- Spof.sWCOd
Fourth Street, - - MAC 1 V
NATIONAL HOTEL.
(Formerly SPOTS Wf >01),
NEARLY OPPOSITE PASSENGER 11T0"
BOARD $3.00 PEE DAF,
This TTousf h;w been thoro ighly run
vated irom basonuuit to attic.
r. WHELAN, I*r pri*>tor.
THE PEOPLE'S PAPER.
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DAILY ASD WEEKLY,
With Groat 8-Page Sunday Edition.
mmmh?
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n n H tii
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W. A. HEMPHiI L 4 0.
Atlanta, Gfl-
PRIVATE BOAF.DIN3 HOu’E,
Corner President aDd Aberci u a
SAVANNAH, GA.
Transient and Permanent Boartlcr (
Charge per day, p tOX#
July 13, 72. tf.