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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. THE ATLANTA CONSTITUTION DAILY ASD WEEKLY, With Groat 8-Page Sunday Edition. mmmh? Every FAMILY should have the Consti tution —It is full of carefully selected general reading—Poetry. Literature, Stories, News. Every FARMER should have —It make* ; a specialty of crop and farm neves. Every LAWYER should have if-Hie 1 Supreme Court Decisions are exclusively re ported for it, immediately when rendered. Every MERCHANT should take it—lt* cel ebrated weekly cotton editorials contain fact* and figures to be had nowhere else. Every LADY wants it —Its famous FASII ion LETTERS are eagerly sought. EVERYBODY should take the Constitution -It is a weekly newspaper looking alter the interest of all classes. Its correspondence Department is not ex celled in the United States, embracing “Round the World.” European, and letters from Georgia and the American States. n n H tii Largest editorial staff in the South — I. Vi Avery, Political Department; J. T. Lumpkin, News; W. G. Whidby, City; N. P. T. Finch, Howel C. Jackson, Associates; E. Y. Clarke, Managing Editor. Hoy. A. H. Stephens, Corresponding edii tor. NEW FEATURES are soon to be added. ..^jf Terms—Daily, SIO,OO per annum : $5,00 M six mouths; $2,00 for three months; lI.Cx 1 f r one month. Weekly, $‘2,00 per annum; for six months. CLUBS! CLUBS! i'or (lie MAYIAIOTH WEEKLY contain*- t:.-* cream of the J ’.lily - for ' r. !li ' subscr.bers, and a pqu-r to the gett r L the club. On editorial matters, address “f ; Constitution;” on business m.itteia :r 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.