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The Daily Herald. SATURDAY. SEPTEMBER 20. 1873. THE HERALD PlULISHISG COMPANY. THE FINANCIAL. CRISIS IN NEW YORK. A LEX. ST. CLAIR-ABRAM8. HENRY W. GRADY, R. A. ALSTON, Editors and Nanacera. THE TERMS of the HERALD ere as follows : DAILY, 1 Year $10 00 | WEEKLY, 1 Year...$2 00 DAILY, 6 Months. DAILY, 3 Months. DAILY, 1 Month.... _ Advertisements inserted at moderate rates. Sub scriptions and advertisements invariably in advance. Address HERALD PUBLISHING CO-, Drawer 23 Atlanta, Georgia. Office on Alabama Street, near Broad. The news from New York continues very gloomy. It is becoming evident that unless the Federal Government interferes a serious financial crisis is impending. When old and reliable houses like Fisk &, Hatch suspend, it will be extremely difficult, if not altogether impossible, for less firmly established con cerns to hold their own. Doubtless the sus pension of such firms as that of Fisk & Hatch merely a precautionary measure and not the result of insolvency; for no one supposes that the millions possessed by these men could vanish in a dny by reason of the failure of a single firm. But while we still adhere to the opinion that the present crisis will not be widespread, it is none the less likely to have an injurious influence upon all branches of business for the time being, and to seri ously disturb the principal commercial kets of the country. No one can be blamed for this deplorable condition of affairs but the United States government. For the past five years, the Treasury Department has been managod more as a vast stock jobbing concern than as the financial establishment of the republic. The policy pursued by the Secretary of the Treasury has been the cause of the almost painful stringency of the money mar ket for months past. Pliant tools of the bondholders, every financial movement of the Government has been towards a re sumption of specie payments, although it has been apparent to all that this could not be effected without a dangerous convulsion. The volume of cnrrency has not only been re duced below the demands of oar population, but even the limited amount of legal tenders has not been issued, and there now remains in the vaults of the treasury department millions of dollars which, if thrown on the market to day, would terminate the existing crisis in the Northern cities, and restore confidence to the financial world. For several years past a crash has been feared. The demand for money has been greatly in excess of the supply, not ODly be cause of the insane policy which drew hun dreds of millions from circulation, but also because the gigantic railroad and other opera tions in which capitalists have engaged have called for a larger amount of money than there was in the country. This is not the time lo enquire into the wisdom of all the enterprises which have made necessary the money. Sufficient that they had been engaged in, and that the Federal Gov ernment had taken all the bunking powers into its own hands it was the duty of Congress and the Administration to have provided the necessary banking capi tal, and to thus have accommodated the de mand for money. There are thousands upon thousands of millions of dollars in railroad and other bonds now in the country, which had no existence before the war. Railroads, Ac., were built with them, and without money, and now that the laws of finance and of commerce are asserting themselves, money is required to carry them, and that is precise ly what the Federal Government has not pro vided. Fortunately for the South the crisis has come before the cotton crop has been sold. Had Jay Cooke & Co. held up until Novem ber, the result would have been most dias- trous to us, for then we would have been creditors of the North, instead of debtors, as is now the case. Consequently, the South will not be materially affected by the crisis. It may, and doubtless will, if it does not ter minate soon, continne the stringency in mon etary circles which has marked the past sum mer; but even though it may compel our mer chants to extra caution, it is not at all likely to affect either our prospects or onr business, Besides, wo feel confident that the gDvern- ment will come to the relief of the money market by calling in a considerable amount of its five-twenty bonds, and thus terminate ANDY JOHNSON ON “SOUTHERN SEN TIMENT.** Mb. T. J. Bubney is the only authorized Travelling Agent of the Herald. Oar State Exchanges. The first bale of now cotton waa eold in Dalton last Saturday at 15cents. The North Georgia Baptiat Association will convene with the church at Antioch, Uo miles from Dalton, Saturday the 27th instant. Major A. J. Cunningham, an experienced and effi cient railroad man, died In Dalton on Sunday last, of congestion of the liver. Mr. Elias B. Carliew. an aged and worthy citizen of Greene county, died in Greensboro on the 11th inst. A large sturgeon, weighing one hundred and fifteen pounds, waa caught in Greece eewnty, from tha Oconee liver, last week. Rutledge is patiently and persistently engaged in the erection of a calaboose. The Grand Jury of Greene county recommends county court, with Judge Philip B. Robinson as judge, with a salary of one thousand dollars. The two first bales of new cotton was sold in Rut ledge on the eleventh instant at 18*. cents. John Long, who recently brutally murdered Blevin Taylor, and who has so long been a terror to the good citizens of talker county, lias been arrested, and is now in jail. There will be a grand excursion from Selma to Atlanta via Kingston on the twenty-fifth instant. C. E. Hills k Co., the Etowah Manufacturing Com pany of Rome, burned out last Monday morning, have leased the foundry building on the banks of the Oos- tanaula river, and will resume the manufacture of fur- niture, sash and blinds, etc., in a few days. The Rome Courier gives this of the colton crop in that region: Between the too largo growth of weed, sadden drouth, and the worms, the cotton crop in this and the adjoining counties has been cut off about 23 per cent, in the last thirty days. It is opening very fast, and the present prospect is that it will be nearly all opened by the 10th of October. Mrs. C. Beyseigle died at her home in DeSoto, near Rome, on the ICth inst. Miss Fanny Carver, sister of J. D. and J. B. Carver, of Rome, died at her home in Fayetteville, North Carolina, on Monday last. Mr. A. Cordell, who moved from Rome some two years since, died at Cnthbert, Ga., on the 13th in stant. T. 8. Donning, of Patona. Ala., drew the parlor or gan at the Rome Fair, which was delivered to him by the Secretary on Wednesday. On Tuesday last Mr. C. G. Samuel was elected Coun cilman to fill the vacancy occasioned by the resigna tion of R. T. Hargrove. The Camp Meeting, at Morrison’s Camp Ground, will commence on Wednesday, the first of October. The grounds are about seven miles from Rome, near the Kingston road. The trestle work on the Memphis Branch Railroad near Rome, is now finished and ready for the iron. It is a substantial piece of work, and was built at the astonishingly low cost of less than $1 per linear foot. Col. C. M. Pennington superintended its construction. The Albany Central City’s observation of the cotton crop in that region is to the effect that the yield is not half the capacity oi the land ; in other words, that not half a crop has been made. The prevailing winds, too, are likely to render it very trashy. The “Orientals” of Albany are rigging themselves in the dazzling toggery of the stage, for the purpose of giving public entertainments in the interests of chari ty- Religious revivals and camp meetings are more or less prevalent in various portions of Georgia. The Dablonega Signal says John Weaver and Dan Davis have arrived from Utah Territory, where they have been rusticating for the last twelve or eighteen months among the gold diggings, kc. Capt. Johu A. Parker has discovered a valuable gold vein on lot of land No. ,820, In the 12th district and first section, about one mile from Dahloneg-t. “Look out for the mule thief in another column,” says the Dahlonega Signal. As the editor failed to “put him in,” we did not see the rascal. The removal of the Gainesville Post-office from the centre to the outer limits of the town has romewhat outraged an enraged sentiment of the citizens. Six hundred and seventy-nine bales of new cotton had been received at the warehouses of Americus up ! the unprecedented financial stringency to to Wednesday night last. Price 15\' cents. On Tuesday morning, about eleven o’clock, a well- known employe at one of the mills in Savannah at tempted to commit suicide by swallowing five grains of arsenic. Domestic trouble tho instigator of the rash act. This from the Columbus Sun ol the 14th instant: “T-e enquiries for the Atlanta Herald of Sunday has b?en immense. Enquiries are yet being made every day r or it.” That political bummer and egotistical nss, Andy Johnson, in an interview with a New York Herald reporter, says that “Jefferson Davis in again trying to ‘fire the Southern heart,’ was a great misfortune to this ^sec tion, for they wore taken as the sentiments of the Southern people, while in fact they were indorsed by an insignificant few of the St. Clair-Abrams class.” As Andy Johnson never could appreciate nor understand Southern sentiment, we do not believe that the “insignificant few of the St. Clair-Abrams class'* will feel verylmuch aggrieved by his language concerning them. It was the mis fortune of the great mass of the Southern people to be deluded into the belief that Andy Johnson was their Moses, and would lead them out of their desert into the prom ised land. But so far os the St. Clair- Abrams’ class (whatever that may be) is con cerned, it nover regarded Andy as anything more than an obstinate, noisy demagogne, whose capacity for imbibing Bourbon whisky was greater than his capacity for anything relating to the art of government. The idea of his being an exponent of Southern sentiment is about as amusing as it is impu dent. We do not believe there is one honest Southern man in ten who does not heartily indorse and applaud all that Mr. Davis said in his recent speech in Virginia. The re maining tenth are good, honest, sincere men, respected and esteemed by everybody, but men who fail to comprehend the spirit of the day, and who cannot perceive that wbat men like Mr. Davis and Gen. Toombs may say to day are but the utterances of prescient minds tilled with prophetic inspiration. AN HONEST NORTHERN MAN’S COM PLAINT. THE PANIC. The Failures Continue. In the Citr on yesterday a Hkbald reporter called on Jud^e : W. W. Clayton, at the State National Bank to inter- ■■■__ .. view him about the New York bank failures. TLe H. 6. STEVENSON following ia in subatance the converaation: \ MACON DEPARTMENT. CITY EMTOR. Thirteen FirmsSuspended Reporter.—What effect will the failure of Fiak k ’MACON, GA., FRIDAY, SEPT. 19, 1873 Hatch have on Southern banka ? Are many of them . , '—: _— ~— in correspondence with Fiak k Hatch ? Onr OAler. Judge Clayton.—I apprehend that Southern leases 1 by them will be very small, if any. My opinion is j ~ ~ _ that they correspond with very few if any Southern Cherry street, over Helfrich's confectionery otOCKS llOllC DO>t II leil Jl Cl* ; batiks. Think that their business is confined to the East store. Parties desiring to subscribe for or and West I have, during my experience aa a banker. adTer ti*e in the Herald, will always find : had one of their drafts presented at our counter and The Branch Office of the Hkbald is on Cent. $10,000,000 of Bonds to he Purchased To-day. The “little paper reminds us yesterday that some weeks ago the Hebald said it “would run that special engine for ten years if nt pessary.” Will the little paper allow us pensively to remark, in self-defense, that after calmly paying $75 every morning foi a long cycle t time, we really thought (honest now!) that the promised ten years had been ex hausted. Upon reference to our books we find that it has only been six weeks. It is too bad to have made such a mistake! Hanged if we haven’t got a notion to start again and ran our time out, even if we have to publish a little four-page paper the whole time we are doing it! Tiiebe was once a moDkey which saw its master shaving, and the spirit of imitation getting the best of tho animal, it seized a razor and proceeded to shave itself. When i language of another without intending false which alone must be attributed the suspen sions of so many banking houses, and for which the government is solely and directly responsible. P. S.—Since tho above was written, a dis patch from New York gives a report that the Government will purchase from five to ten millions of five-twenty bonds to-day. If this is done, the crisis will be at once arrested. We trust that the Government will go still fur ther, and throw upon tho market its entire reserve of federal currency ; for while ten millions, by stopping the run on the banking institutions and the consequent locking up of vast sums of money, will restore confidence and terminate the panic, it is entirely inade quate, and will leave tho country as exposed to another financial convulsion as it was to the one which we hope to announce to-mor row as happily terminated. Mr. Thurman comes at us to-day in a brief and good tempered communication which we publish most cheerfully. He altogether does us injustice in supposing that we imputed falsehood to him touching Dr. Powell's al leged remarks. Nothing was further from our mind. A man can misunderstand the In the Columbus Enquirer of yesterday we find a long article from Major Calhoun very ably written, in which that gentleman virtual ly says that because he is a Northern man he i does not receive that patronage which his j paper merits. He complains that “had the j Enquirer published any of the correspondence : in the recent Phillips-Waddell case, a score i * * would Lave traduced us [him] as ‘inter- ; meddling Yankees,’ but ihe Herald of Atlan ta and the Sun o* Columbus can do it without! their advances a comment.” He also says that every word ho utters “is watched by some hound who tries to discover a Radical foe.” Whatever of truth there may be in these j police, complaints, it appears to us that Major Cal houn does not make those allowances which the nature of his case demands. Coming Suspensions in New York. Nkw York, September 19, 1873. Suspensions: Robinson A Suykom, Richard Scbull, Fisk k Hatch, White, Defreez k Rathbone, Batdb k Edwards, Eugene Jackson, Theo. Biddle, A. M. Kii- der. George Opdyke k Co., have not suspended. The wildest excitement followed the failure of Fisk k Hatch. Wall street was in its ahirt-»leevea and bareheaded. Stocks fell 10 per cent., and are still sinking. De Haven & Co., of Philadelphia, have failed. Additional New York failures—Thomas Reed k Co., W. H. Warren, Greenleaf & Morris, George B. Alley. A Run on the Banks. Washington, September 19, 1873. Dispatches from various cities report long lines of depositors crowding the bank doors. This city is no exception. The Western Union Telegraph stock opened at 78, now G8>*. Like fluctuations exist in the whole list. Jay Cooke k Co. have assurances from their London bouse, and correspondents of other cities, that tbeir bills will be protected. There is quite a rush on the Washington City Sav ings Bank and a slight demonstration on the Freed- mens’ Bank, but both give assurances ot their ability to meet all demands. The Freediuens’ Savings Bank report this morning that they had $80,00), of which only $20,000 had been drawn. There are about twen ty-five persons in line at this bank. No excitement about the other banks. Further Particulars — More Suspensions— Fisk & Hatch to Resume Soon—The Secretary of the Treasury to Throw Ten Million of Legal Tenders on the Market. New Yobx, September 19, 1873. Fisk .V: Hatch say their suspension is temporary and upon the Chesapeake and Ohio road and the Central Pacific. They expect to resume i soou as the panic ceases. Fitch k Co. have suspended. The office of Fisk k Hatch is strouely guarded by have never seen any of their exchange. Reporter—How about the Jay Cooke failure ? Judge Clayton—There are a good many Southern banks in correspondence with them, but at this season nearly all of the Southern banks have tbeir accounts with New York overdrawn. some one io the office to attend to their wants. City Circulation of the Herald. Hertalter and until the night train is again runnine upon ths Macon and Wostern road the Herald will Reporter—Will these failures have any damaging arrive at three o'clock in the afternoon and be at effect at the South. Judge C.- It will effect materially the money mar ket. Money will necessarily be much tighter, it will also have a tendency to lower the price of cotton. Reporter, ci pally ? The National Park Bank, and I have no uneasiness regarding its solvency. Another Ranker** Views. We then called once sent by carriers and newsboys as heretofore throughout the city. It is hoped that in a few days the schedule will be so changed aa to allow the paper What bank do you do business with prin- ; to 8* 1 bere » 4 ***** o’clock in the morning. The City. The weather continues disagreeably wet and the streets very muddy. So far as has been ascertained heavy rains have and aro falling through Middle and another prominent Atlanta j Southwestern Georgia, of coarse checking cotton piek- tanker, from whom we solicited the following opin- i D g. For the week ending yesterday the total receipts io-s: That business in the South would , were 1.237 bales. MACON COTTON STATEMENT. band Sept. 1,1873 1,39*.< j Received to-day 306 ; Received previously 1,338—1,046 be entirely crippled. That their bank would not cash a draft on any house in i Stock New York to-morrow—that the rumors of the sus pension ol the Fourth National Bank of New York was without foundation—that be bad, through private tel egrams, been informed that there was a heavy rnn made on that bank on yesterday, but up to 3 o’clock. the hour for closing, all checks had been met prompt- Stock on band this evening 1,995 ly. But there is no tolling wbat a day may bring forth. The Great Failures—No One Hurt Her*. That the uneasiness evinced by the merchants who As announced in your paper yesterday morning, no have sent exchange or drafts through the banks on bank or banking institution in this city had a dollar New York, is without cause; that the banks with Messrs. Jay Cooke A Co. at the time they want here are responsible for all their drafts; , under. Cooke & Co. were manipulators of Western, that Howes k Mscy, the Park Nation- 1 Northern and Government funds, and had few corree- al Bank, the Fourth National Bank and Jay pondents in the Sonth. It was suggested last night Cooke k Co. are tho Now Y’ork Banks that correspond that perhaps the Freedman’s Savings Bank of Macon with the Atlanuta Banks. The Fourth Nations! Bank . would be effected by the failure; but upon inquiry of J one of its officers, we learn that the house did not owe J it a dollar. It was also suggested that tbls failure and others i which were sure to follow, would militate against HERALD SPECIAL REPORT FROM CO- Sou,Uenl «■>»»«•. But thia. too, i. f.iUciod«, for we t mure . have all our crop of cotton on hand, and England, not LvAlDt o. ' .. . the l mted States, dictates the pnee. In the community at largo there was no sympathy detected for Cooke and his Company. It waa well ; known that during and since the war they were bitter enemies of the Soath. So far as Macon banks are concerned, the balances 1 the fiscal agent of the State of Georgia. LAY-DEYOT1E. All quitst and Serene -No fight and none Ex pected—Lay on his Return to Atlanta. Cdlumbus Sept. 19, 1873. A prominent Wall street banker says if the move ment now making to get the Secretary of the Treasury to come to the relief with $10,000,000 should fail there will be a general suspension of banks. Another from the North a perfect stranger to enter into ! meeting of bank Presidents is now being held at the so conspicuous a business as that of journal- Clearing nouse. All quiet and serene. Lay is occasionally Northern banks, just now, arc greatly against 1 them, and they, therefore, cinnot be hurt no matter seen on the streets. DeYotie is attending to his usual duties. For a short time, early this morning, a number gathered in the neighbor hood of the Sun office, as it was thought by some that a difficulty might occur, in con. sequence 01 DeYotie’s card in the Sun to-day. Most of the crowd remained but a short time. to wbat extent Cook’s failure may go. The Marietta Military Institute. The proposition to make a liberal bid for the re moval of the Georgia Military Institute to Macon has been favorably received and discussed in the com munity at large, and at the proper time the sense of the city will be taken upon ‘he question. To secure it we must pay a gool large Earn. As t> It is understood Lay leaves to-night or in the tl,c propriety of doing so there is no question. It ■ould be of incalculable benefit to us now, hcncefoith morning. G. ism, it was not unnatural that his words should be closely scanned, not by “ hounds,” but by honest, intel ent, Vernon k Hay suspended. The po'.ieo prevent any v j but members entering the Stock Exchange. E. D. Ran dolph k Co, bankers of the Pennsylvania Central R R, and Wm. H. Connor announced suspension. The men. He must remember how badly the j Clearing IIouso appointed a committee of five to pre- South has been treated by Northern men who I pare a plan to relieve the present difficulties. From Another Correspondent. Columbus, Sept. 19, 1873. Col. Lay has no trouble here. All quiet Lay will probably leave on the next train for Atlanta. E. and forever. The idea that we are not able to give anything for it is absurd. We can well afford to give it the Laboiatory buildings and a good endowment besides. Mr L. II. Pike have come here, made money and then re- ; turned home only to traduce and villify the people among whom they have lived and pros pered. ne should have carefully considered all the difficulties he would have to overcome before he could conquer the natural suspi cion of the people. We have every faith in his honesty of purpose, and we most earnestly deprecate anything like ostracism, but we in sist that he ought not to utter such sweeping condemnatory language as appears in the arti cle to which wc have referred. To live down prejudices and conquer sus picion, he must reconcile himself to some sacrifices. It will doubtless cost him some money at first; it may bring down upon him sneers and even abuse, but all he need do is to persevere and he will win. If wo were to move to any small Northern town, we would expect no better treatment at first than he is getting. Even in the great, liberal, big-souled city ot New York, the writer found it hard labor to rise in his profession as a journalist, and simply because we were a Southern man and a “rebel. ’’ More than one sneer had to be encountered, more than one insult to be resented, before we could make men under stand that in the world of journalism there are no sections. Nothing is mere absurd than to abuse men simply because they are born in New England, or France, or Germany, or Ireland. For the first time we were compelled, not long ago, to stigmatize two journalists as “Yankee adven turers,” but we did so with actual pain, and simply because, after submitting quietly to re peated sneers and abuse, they ventured, sup posing that we were not a Southerner, to con- temptously advise us to go back to where they supposed we were horn. We gave them a 2 o’clock—A better feeling prevails. Western Union 72. The run on tho Union Trust Co is tnbsid- ng More or less crowd around every paying tellers desk. George B. Alley, whose suspension already an nounced and is widely known in connection with fast horses, having raised Dexler, says his suspension is caused by a general decline in stocks, especially Van derbilt stocks. Ilia liability expects to resume soon. Greenleaf, Norris A Co., a firm, aud President Calboun, of the Fourth Nati Bank, says: “We have no reason to fear anything. President Toppan of Gallatin National Bank says be lieves the better hanking institutions will weather the storm. Secretary Carlton of Union Trnst Company says that Company is perfectly solvent and will meet all demands. Reported that that Company had seven hundred thousand dollars on deposit last night. Mr. Fahnstock, of Jay Cooke k Co., said in an interview this afternoon that the firm hoped to pay all liabilities. Mr.Garlaiul, another mem ber of tho firm, said the Loudon house had a large surplus after the payment of all its debts, unless there is a great shrinking in the value of their securi ties. The report ia that the Government will come to the 1 giviu COLORADO. Conclave 14,000 Sea. feet Above the Denver, September 19, 1873. At oue o’clock to-day the Colorado Commandery No. 1 Knights Templar convened in special conclave on not large and he j summit of Pikes Peak, and was opened in am .it* form. Probably no similar Masonic body ever be; re old^ and wealthy stock j i^ida meeting over fourteen thousand feet above tho level of the soa. After the meeting the Knights en gaged in parade and drill, going through tho entire ! nencc to this manuel of arms in use by the order. KO CAUSE FOR ALARM. Not a few absurd rumors were afloat in the city yesterday, concerning the solvency of ceivcd the folic it space in our Brooklyn, N. Y., September 8, 1873. To TiiE Editors of the Herald, Macon, Ga. : Sin—From intelligence received here it appears that some low libertine has been circulating in your city i the most slanderous falsehoods concerning the char acter of Mrs. Louis B. Pike. Now, Mr. Editor, I, as well as others, citizens of Brooklyn, who deem It their dr* to r fute those wicked slanders, have known the j l*“*i *«• question in our neighborhood, where she re dded, l\,r about four years, and always heard of her as being a true and loving mother, and bearing an irreproachable character. Mr. Editor, by giving promi- your valuable paper, yon will assuage j the outraged feelings of a lsdy, and have the thanks of I many citizens of Brooklyn. Very respectfully, Alfred May, A citizen of the 15th Ward, Brooklyn, N. Y. banks and bankers of New York on whom Theatrical and Literary Items. drafts had been purchased by merchants of : this city. A rigid inquiry failed to discover any truth whatever in them. None of our banks are in the slightest degree concerned j dy Andy.” Dan Bryant concluded his engagement at Liverpool, August lfith. He appeared for many months in the “Irish Lion” aud “Huu- in the New York crisis, their correspondents j Maggie Mitchell (Mrs. Paddock) lately cel- . , there being large corporations possessing j ebrated her wooden wedding at Long Branch. rescue to-morrow, by buying five millions of bonds, j immense reserves. There is, therefore, not ! Amon S “er presents were a cord of wood and The Constitution forces us to acknowledge, t * uril ^ g a ^j r A° rmai 15?. at * ’! Minnesota, and rushed through the tent, ; a saw-horse. The sea-lion in Cole's menagerie broke from his cage during a performance at SL Paul, caus - n, Rock Island, Wabash, st. Paul, Northwestern, I He was our New York correspondent; and ! at Providence, Rhode Island, lecturing on : of late he hasn’t been answering our letters ! , . . , . , of legal tenders. With tb little of their own sauce, and it will probably ! witll Iow •nd provision markets aro .11 nnseltled by the ^ 8lighlcst neces6 j tv fot alarm Wall street panic State and railroad bonds and city 1 bank shares have been practically neglected, while dealings in railroad stocks continued on an enormous ■ . . , . ... . c i , scale. This altcrnoon the principal transactions have j at th ® reftl ca ” 8e ° f thC sto PP a 8 e °* oar iug great consternation, been in the Pacific Mail, Central and Hudson, Western | engine. It was owing to Jay Cooke s failure. , Rev. Henry Morgan has drawn fall houses u. Lake Shore and Erie. Outside purchasers continue in considerable num bers on declining market for investments, which aid ed in strengthening the market this evening. Assistant Treasurer, Hillhouso, says it is in the pow er of the National Banks to avert further disaster and they will undoubtedly do so. 3:15 p. m.—Tee Evening Pest is informed that Sec- rctary Richardson will offer to buy from flv millions of 5-20s tc-morrow. This will throw tbc banks legal tender notes for tho large currency I city as a whole, aud not for any man, or set balance in the Treasury, which is nearly all composed | of men; and if that be your case, let US reas- That Big Well. ME. THURMAN GIVES HIS VIEWS IN THE HKBALD. Bachelors and their Follies,” and “Old Maids and their Accusers.” Harry Jackson, while doing the first Napo leon in London, had a cross of the Legion of Honor thrown to him by au admiring and ab sinthe-loaded Frenchman. The Majiltons, and Americus, the child vio linist, are to become members of “Bamum’s Marvelous Drawing-room Aggregation,” atra- bo a long time before they again attempt to assail men because of their birthplace. But while in our every day transactions we demonstrate our opposition to a war upon any man because he happens not to be born South, we still maintain that suspicion of, and prejudice against, Northen men in the South ^our later ,liau usual. Tho Manhattan Bank kept open til! the sai to certify the Union Trust Company’s checks ic thus checked rates for money, will soon follow. Jacob Little A: Co. have failed. More Favorable News— The Worst has Pass ed—None of the Banks have Refused Payment. New York, September 19,1«73. Trnst Company paid until 4 o’clock, at To the Editors or the Herald: As you speak personally of me in the Hek- to ten j ald, of course you will allow me to reply. -uarveious drvwing-room Aggregation, w into ! Now, Mr. Herai.d, I am working for the i ' e *J} n K ^mpany'for the season of 1873_ 1 •* • - • - Mark Quinlan, the comedian, was buried at Philadelphia on August 2‘2d. He was to have calm ! on together. You accuse me of being au enthusiast. Now, Mr. Herald, this is the first intimation his funeral expenses. supported Lottie in her engagements this season. She sent one hundred dollars toward The Ui is the natural consequence of the manner in which Northern men have acted toward our people. Instead, therefore, of Major Calhoun com plaining with such bitterness of the manner Prominent bank officirs aro of opinion th.tthe worst of the crash ia over. Volume of business in frtock aud exchange has largely exceeded that of yes terday, while the iluctUitious of the kind; I have always been considered exceedingly cautious, and only appear entbu- ' siastic now% because I knot? that my big well j will do. ! Yon next intimate that I misrepresented Dr. j Powell. I have heard of people lying for ; money, but did you ever hear of any one lying for the purpose of getting au opportunity to work for uothiug for the city of Lis adop- i tion? You further say that we noisy people are j trying to prevent the construction of water orks. I have always been a strong advc Mrs. Franklin, well known ia Boston in former years as a splendid oratorio singer, died in Washington recently at the age of seventy years. Braham pronounced her the finest oratorio singer in America. The “Black Crook,” which has been revived at Niblo’s Garden, New York, was originally produced on September 12, 1SGG, and run 474 consecutive nights. It was revived Decem ber 12, 1870, and was performed 102 nights and 20 matinees. ^ During the last voyage of the steamship Egypt, lrom New York to Liverpool, an rn-acli greater. Aa ! of wnter wor k s , but' prefer tubing file clean ‘ cn '“. uni ^ nt w -‘ s S* vc ? *» < hd <*bm lbr the its master was finished the monks; concluded to continue awhile longer, and shaved and shaved until it cut its very throat and fell dead. YVe commend this little story to the other paper, which monkey-like knows how to im itate ns and monkey-like does not know when to stop. The troth is now that the ilEHAUU went into that engine business just to catch the Constitution. Y'on see the little paper had been imitating ns in every thing we did for several month-, and we concluded to give it a seal bard thing to do, nnd then leave it to da it tqritseU. Ho wo put on the engine. Sure enough, it followed us. Now we quit and leave it Now, what shall it do? Its afraid to quit, for we will langh at it again ! And yet it is popularly believed that $75 a day is qnite an item to the men of the little paper. Now next time maybe they won t follow ns so qnickly 1 Since we have nothing to conceal, we eball frankly, if sadly, acknowledge that the prin cipal reason of onr stopping our special en gine was the "niderieg" of severed gentlemen who were so lost to "los and honor,” os not to pay their bills for advertising and sub- I riptions. hood for a siDgle moment. When, therefore, we said that we shonld believe that he misun derstood Dr. Powell wc meant that and noth ing more. We have not the slightest objec tion to Mr. Thurman boring his big well, and it may even be that we shall driDk some of its water; but we cannot consent to the tax payers footing the bill for this prodigious bore. The immediate effect ot the New York fail ure on our market was the almost unanimous refusal of the banks to make discounts or ad vances. As a consequence, cotton brought here on yesterday either sold at a marked de cline in prices, or conld not find purchasers at all. DOSI’T SKLI. VOI R COTTON. We advise farmers to hold their cotton for a few days, as it is almost certain that the de cline which has followed the financial crash ia New Y’oek, will be of bnt short duration. Should the government set promptly in the present emergency, tho money market will he easier than it was before the crisis, and in stead of cotton ruling low it will be more likely to advance to a higher fignro than it was last week. It is, therefore, best for them to hold back their cctton for a while. in which he is treated, of the suspicion with ! the of the failures followed rach other ] ^ter God has placed at our doors, to spend- : benefit of the Seamen’s Orphan Asylmn, which . I iu quick succession, tho excitement became wilder ing several additional hundred thousand dol- | n . ette « »• I be performers were Miss Da- which he is regarded, aud of the distrust ex hibited towards hi him to remain silent and prove that there is no cause, whatever, for unfa vorable treatment. He has thus far pur sued a very frank and manly course nnd has excited our heartiest sympa thy. Day by day he wiil see prejudice and suspicion disappear more and more, until some morning be will arise possessed of the full confidence of the people with whom he aud heavy blocks of stocks wero thrown overboard it would bo better for apparently regardless of the prices they brought. The Express to-night sums up Ihe situation as fol lows : The d^y closes on the whole with fewer killed and wounded than might be expected, all things con sidered. No Trust company has suspended, no bank lias refused payment. All the great railway corpora tion* are apparently as firm as a rock. The following firms have suspended, in addition to those already re ported : Whittemore ft Anderson, and Smith, 8eaver A Co. Ten Millions of Bbnds to be Purchased. Washington, September 19, 1873. The Secretary of the;Treaaury, at a late hour to-night, has cast bis lot. Bnt that day will not be hastened by such bitter articles as the one | ,;^g r 7pii.7t.' th.7 8 ‘,uunt ^.‘.u^tTeV YorMo before us. True, it is a brave thing in Major ' purchase $10,003,000 of bonds on Saturday. Calhoun to write and publish them. It strength ' The President in Philadelphia—A Decided Change for tho Better Expected. Philadelphia, September, 19, 1873, The feeling here ia that the worat has passed and ens our faith in his boneaty, and gives us assurance that such a nmn will never lie upon us atter he has left us; but if he will put himself in the place cf the Southern people , that to-morrow will witness a decided change for the better. It is authoritatively stated that neither State nor city lauds are disturbed. Oenerai Grant is in town, and w as waited on to «Uy by proiuiueut and Influential men. Philadklfhia, September 19, 1873. Tlie following houses have suspended: U. H. Doug- he will see that what he uow regards as injus tice, and what naturally chafes and mortifies him, aro the inevitable result* of repeated slanders and abuse by Northern men less hon est lhau he is -serpeuts whom wo warmed by our firesides and who afterwards sought to la*«, Bayard, J. H. Yerkco, John Lloyd, Ullbough k i (daughter of the veotriloquistl. J. K. Em met, Mr. Martin, of Canada, aud T. C. Green. The End of the World next Year. - The lars, to get it from the washings of the country. You further state that the commission have concluded to experiment with wells order to determine that they will not answer the Adventists are gathered in camp at Spring- purpose. Now, friend Herald, such a de- field. Mass., and believe that the world will monstration would cost tho city something, j come to an end in 1874. Their evidence is and profit it nothing. Whilst my proposition contained in the following quotations: is to demonstrate that my big well 1 rill an- “I am God, aud there is none like me, de- swer the purpose, nnd profit the city several \ claring the end from the beginning.”—Isaiah hundred thousand dollars, and if I fail it nothing cost ; xlvi., 9, 10. “Como near, ye nations, to hear; aud I can make the city safe on this Utter ! hearken, ye people; let the earthlhear, and all point, if I do make “much noise on little j that is therein; the world and alltbings that capital.” Now, friend Herald, let us be come forth of it. for it’s the day of the Lord s civil and social. I expect to give you many good drinks out of my big well. Very respectfully, F. D. Thurman. sling us to death. Tho little paper tauntingly proclaims that while the Herald lias stopped the Apic al engine, it h*ill rnnH it. Ju-t n rush in where angels fear :o tread. , Co.—all small except Gilbousb & Co. Run on Jay Cooke, McCulloch A: Co. London, September 19, 1873. JiyOx'kp, McCulloch k Co., of this city, have paid ’Fools over tue 1 ounter all day, notwithstanding the iun on the house. The Christian Union has a robust tone in its morality that is in sharp contrast to the unhealthy cant that is so prevalent in many quarters. To a querist upon the morality of card playing it makes the following reply: “Cards are no more sinful in their nature thau jackstraws. Under some circumstances we should reprobate card-playing as leading to waste of time, to association with bad men, and always when one plays for stakes. On the other hand, no one should judge the con science of those who never gamble; who play at home, who have been brought up to regard the game ns a lawful amusement; whose rea son does not condemn it. Paul's formula is eminently applicable here. ‘Let not him that cuteth dt-apise him that eateth not. and let not him which eateth not, judge him that eateth.’ vengeance, and the year of recompenses for the controversy of Zion. And the stream thereof shall be turned into pitch, and the dust thereof into brimstone, and the land thereof shall become burning pitch. It shall not be quenched night or day, the smoko thereof shall go up forever. "—Isaiah xxxiv. 1, 8, 9, 10. Here follows seven long columns of figures, which, by^ a system of calculation peculiarly the writer s, are intended to prove beyond a doubt that the people of this world must de part for nnother in 1874. The compiler of this remarkable time-table earnestly assured a correspondent that it was very clear, and called his attention to the lower part of the poster, whereon was printed: “Write the vision and make it plain upou tables, that ho may run that readeth. For the vision is yet tor an appointed time, but at the cud it shall speak aud not lie; though it tarry, wait for it; because it will surelv come, it will not trtrrv.”—Heb. ii 2 3